CHRISTIAN RESPONSE ACCOUNTS Year Ended 31 December 2020 Registered Charity No 1062623
CHRISTIAN RESPONSE ADMINISTRATIVE INFORMATION TRUSTEES Mr Graham CaV Mr Richard Critchley Mr David fr4orthcote-Passmore Mr Hu8h Scudder PRINapAL ADDRESS 20 Vlston Hill Road Budleigh saertOn Devon X9 6EE BANKERS Barclays Bank Pk Bedford Street Exeter EXI ILX INDEPENOEKr EXAMINER Mr S Brlght Chartered Accountsnt 10 High Croft Exeter EX4 4JQ CHARffY NUMBER 11%2623
CHRISTIAN RESPONSE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Trustees, Annual Report Independent Examlnerf5 Report Statement of Flnancial ACtNitS Balance Sheet Notes to the Accounts 10-16
CHRISTIAN RESPONSE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 INTRODUCTION The Trustees submit the Trustees, Report and unaudited financial statements for the year ended 31 December 2020. The charity registration number is 1062623. The Trustees confirm that the Trustees, Report and financial statements have been prepared so as to conform to the Governing Document dated 7 April 1997. The Charities Art 2011 and The Charities SORP IFR51021. The Trustees conslder that the Charity is exempt from the requirement for an audit. but that an independent examinatlon Is required. In ppar1ftg the Trustees, Report and financial statements, the Trustees have pald due regard to Section 17151 of the 2011 Charrties Art concerning public benefit guidance. LEGAL AND ADMINISTRATIVE INFORMATION The name of the Charity is Christian Response. The governin8 document is the Trust Deed dated 7th April 1997 and the scheme re8lStered by the Charlty Commissioners on 3rd June 1997. Registered Charity No. 1062623. The trust uses the workin8 titles"Chrlstian Response-. "Christian Response to Eastern Europe", "CR2EE° and "CREE". The prlnclpal address for the charty has"chan8ed due to a change during 2020 In the person undertoking the role ofsecretary and Treasurer. from David NOrthCotPaSsm0re to Richard Critchley. The printipal address is now 20 Vision Hill Road, Budleigh Salterton, Devon, EX9 6EE. For previous Annual Reports the principal addre was- Cherith. 130 Honiton Road. Exeter, EXI 3EW The names of the Trustees are: Graham Carey Ichair of Trustees) Richard Critchley Isecretary and Treasurer) David Northcote-passmore (resigned 31 December 20201 Hugh Scudder Icharity Direttorl The trustee5 meet formalty on a minimum of 3 tlmes a year. Trustees are appolnted in accordance with governing documents. In practice there must be at least 3 trustees. The main bank accounts are held wlth Barclays BanK and a Savings account ts held wrth Kingdom Bank. The independent examiner is Stephen Bright Ichartered Accountant). 10 High Croft, Exeter. EX4 4JQ. Solicitors are apF¥)inted as required.
CHRIlAN RESPONSE TRUStEES' ANNUAL REPORT (continued) AIMS AND MANAGEMENT OF CHRisllAN RESPONSE Objects of the charlty The objects of the charity are to provide relief to disadvantsged and vulnerable peop Irvin8 in Eastern Europe through the support of donatKJns received from individua15 and organlsatlons in this country. In practice the charivs main area of work during 2020 was Moldova. Help is given by sUPPOrting families. churches and medical organisations through financial gifts, takin8 Humanitarian aid and medical supplies, and settlng up projects to pn)vide long term benefrts and independence. It is also given through arran8in8 for special medical diagnosis and treatment here in the United Kingdom. Mlsslon Ststement Our Mi55ion Statement is to encourage disadvantsged people Irrfing in Eastem Europe by: Letting them know there are people in England who care for and regularly pray for them. Sharing our worldly wealth wlth them. Sharing the love of Jesus with them. Helping them to help themsefves. Being a source of inspiration and encouragement to eryOne at all times and in all places. Key rnana8emefit personn The trustees consider that the board of trustees are the key management personnel of the charity in charge of directln8 and controllin8 the charity and its day-to-day operation. All trustees give their time freely and no trustee Is remunerated. Details of expenses and related party transactions are shown in notes 7 and 8. Each member of the team has visited Moldova in the past. and therefore has some understanding of the needs of the families. The trustees are very grateful for the many years of faithful servtce by Davld Northeote-Passmore on many aspetts of the charrty, and wish him well in his well-deserved retirement from being a trustee. Where volunteer5 are Involved in vlsrtin8 Moldova or elsewhere in Eastern Europe in support of the work of the charity. they are encouraged to ra funds toward the cost for their travel. Whilst in the country, accommodation is normalty with families and a small 8ift is sometimes grven to them to help to cover the cost of food.
CHRisfiAN RESPONSÉ TRusfEES' ANNUAL REPORT (contlnued) REVIEW OF ACTIvlES 1)URING 2020 Summary for 2020 Christian Response had its 30 year annlversary. Together with its predecessor charity (Christ Church Aid for Romania - CCAfRI we have been seNing the needs of the poor and needy in Moldova ènd Romania since 1990. Unfortunately. no celebratbon could be held because of the Coronavirus pandemic. Money was sent each month via trusted partners to help poor and vulnerable people in Moldova and Romania. Additional funds were sent to Moldova for families and individuals experlencln8 extra suffering due to the impacts of Coronavirus. In addith)n to three humanitarian aid trucks, a total of £,0(} of monetary grants was sent to Moldova and £18,0 to Romania. Christian Response has now stopped gUlar support to families in Romania as agreed by the trustees In 2019. Only one vislt lin January) to Moldova was possible during 2020 due to the Coronavifus pandemic. Such visits help us to better understand the needs of people, see first-hand the work beln8 done by our partners, and be assured that our supporters, money15 belng used appropriately. Most importantly, the personal visits help to build on the excellent relationships Christian Response has with the hundreds of famllies helped in Moklova. This personal contact 15 very important and builds trust with the poor and vulnerable. Christian Response has received signed receipts from each of our partners to confimi ri8ht Use of the fund5 we have sent and photographs of projects. Also, frequent on-line contact was maintained to keep aware Of the needs and how the aid was being distributed. Three trucks lone In March and two Sn December) of humanitarian aid and Christmas shoeljoxes were dispatched to Moldova. In totsl, over 37 tonnes of aid was delivered. This was achleved by the wonderful support of many volunteers who had to contend with the extra prt>blems to comply with Coronavirus restrictions in the UK. There were 5 trustees. meetin85 during 2020, mostty on-line because of restriction5 on meeting together due to the Coronavirus pandemic. During the yearthe finances and delivery of money and humanttarian aid to Moldova and Romania was monitored and maintained. New andlor updated policy and procedure ststements were prepared for: Financial transaction internal controls- General Data Protection Regulations- Health and Safety; Risk management: and Safeguarding. Christian Reswnse held five News and Prayer meetin84 mostty on-line due to Coronavirus rertrirtions, to inforni prterS of latest issues in Moklova and to pray. Three newsletters (April and Au8USt 2020 and January 20211 were distributed to over 3 supporters to keep them informed of the work ofthe char¥ty. Further details are provided below.
CHRisfiAN RESPONSE TRUSTEES, ANNUAL REPORT (contlnuedl Support tor p(r and needy familie5 in Mold¢r4a The charity encourages UK indprfiduals, families. and churches to have a dIrt link wlth specific families in Moldova and to make donations to suPrt those familie5. In addition, support is grven to other disadvantaged and vulnerable people in Moldova. ènd to churches working with such people. Durlng 2020 we continued to support the poor and needy in Moldova. includi. Financial grfts and family support boxes sponsored by faMilS here in England and given to over 2CQ families. with extra payments in 2020 due to the effects of the pandemic on incomes and needs. and tsklng on additional projects whefe possible. Some of the money was used to pay for education. or buy animals to entourage people to grow their own food. or buy wood to help them keep warni in the cold winter weather which can drop as low as-20c. Three lorry loads of humanitarian aid conslstln8 of beddin& clothe5. Christmas shoe-boxes and famlty boxes to Moldova. Support for soup kitchens and orphana8e5 With financlal gifts. Providing accommodatton for homeles5 families to Ie in. This aid was distributed in Moldova through local partner churthes and trusted individuals. The work of Christian Response to meet the many needs in Eastern Europe contlnued to be very challen8in& and particularly so due to the Impacts of the Covld-19 pandemic on many in Moldova, and it is difficult to admit that we cannot do everythiryd.. Durln8 2017 a new charitabFe or8anlsation known as"Rapuns Crestin" (Christian Response) was established in Moldova to take ownership of the properties purchased through funding provided by Christlan Response in the UK. Properties prevlousty purchased and presently owned by "Misuiuna Cre5tina Chrlstian Response SRL" are bein8 transferred into the new non-profrt or8anisation. Hugh Scudder 15 one ol the principals of both organisations. Little progress on the transfers was possible during 2020 due to the impacts of Covid-19 reStrtionS on travelllng and artNltles. Support for po(K and needy famllles In Romanla Our work In Romania has Eradualty reduced In recent years. The Trustees have decided to cease re8ular support and work in Romania in order to concentrate on work in Moldova, Whe the needs are generally greater and fewer UK charitie5 operate. Those who have supported the work in Romania and the Romanian recipients of donations were infom1 of this decision in 2019. The Romania Family Support fund has therefore been closed. The outstanding funds that were restricted for use in Romania have been spent durlng 2020. This included Brants to two UK charities"Aurora Christian Association" and "Life to Romania" that work in Romanla with similar objects and in similar ways to that of Christian Response. Grants were also made to Centnjl Crestin Betania. a trusted partner in Romania that we have had long-standing lation5hip wtth in helping poor and vulnerabie familles. to support their meal programme to poor people, support the work of their pastors and renovate the heatin8 System at their Suncuius building.
CHRisnAN RESPONSE TRUSTEES, ANNUAL REPORT Icontlnued) Fundrnlslng The funding of Christian Response is provided through both regular and occaslonal gfft5 from individuals and organisations as a resu of personal contact with our many supporters and through the many presentations that are given to both religious and secular groups throughout the year. Some of our supporters also organise coffee momin8s and other events in support of the charity. We are grateful to individuats who arrange sponsored events and donate the funds to our cause. Supporters The trustees are very grnteful to a large number of people who support the charity through their financial 8ivin8 and many volunteers who assist wlth the collection and sortln8 of the humanltarian aid and medical supplies, and In raising money through offKial events. The are also those who gNe their time loadin8 the lorries Ail the work is carried out by volunteers. Organlsatlons Durfng the year there has been some generous support by companies. xhoo15 and other or8anisations who have 8Nen both financial donations and goods1serrfis for distributlon In Moldova. We a grateful for the provision of vehicles for collection and moving of goods here in the UK and warehousin8 for the collection and sorting of Humanitarian aid and medical supplies. Warehousln We are very grateful to a supporter for the use of premises known a5 The Old Atorn Kindergarten, Exmouth. for the receNin8 and 50rting of humanitarian ald and medi¢81 supplies. The premises have enabled us to carry out thls work in somewhat comfortable premises which Is especially appreclated during the winter months. FINANCIAL MArrERS Publlc benefit The Trustees have considered the requirements to be of benefft to the public as requlred by the Charity Commissron. They are satisfied that the current actNities as listed above are for the benef of many needy families and Individuals In Romania and Moldova and meet those requirements. Inc¢)me and expendtture The main aim of the trust is to raise funds for distribution to frdmilie5 and organisations in Eastern Europe and to assist improvements in the standards of Irving and independence of the very poor people in that area. During this year the charity receNed a total of £103.45412019- £114,(X)71 from general donations, including Gift Ald tax refvnds and a legacy in 2020. and £596112019.. £5,562) in donated goods. Expenditure for the year was £128.636 {2019: £133.4771 of whith £114.10812019.. £118.5971 was specific glfts and aid forthe peopfes of Moldova and Romania.
ReseNes Policy ReseNes can be defined as that part of the trust's income that is freely available for its general purposes. "ReseNes° are therefore the resources of the trust that It has or can make available to spend for all or any of the trust's purposes once It has met its commitments and covered Fts other planned expenditure. More spectfically this defines reserves as income which becomes available to the trust and is to be spent at the trustees, discretion in furtherance of any of the trust's objectNes: but which is not yet spent. commttted or designated. We aim to maintain a minimum level of £30.(KQ serveS in hand: this is equivalent to more than three months of expenditure. The reserves held bythe chartty on 31st December 2020 amount to £95,844. This includes E63.107 of unrestricted free serveS. which is in excess of the reserves policy by £33.107. Risks The major risks to whFch the charity is exposed. a5 identified by the trustees have been reviewed and systems have been estsblished to mitigate these risks. We have specifically considered the need to ensure that the maximum in any one banking organisation is £85.CW. This was addressed during 2020 by depositing £50,CKNJ in a savings account with Kingdom Bank. Current and reserve accounts. for day-to4ay operation of the chartty. continue to be held with Barclays Bank. A]1 funds are in UK bank accounts protected by the UK s Financial Servi$ Compensation Scheme IFSCS}. TRUSTEES. RESPONSIBILMES IN RELATIIX4 TOTHE FINAi4aAL sfATEMEpirs The law applicable to charities in England and Wales requires the trustee5 to prepare financial statements for each financial year which give a true and fair view of the Charitys financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fairview. the trustees should follow best prartice and: Select suitable accounting policies and apply them conslstentl Make judgements and estimates that are reaxTrnable and prudent; State whether applicable accounting Standards and statements or recommended practice have been followed. subject to any departure5 dt5cIosed and explained in the financial statements: and Prepare the financial statements on the Eoing concern ba515 unless it is inappropriate to presume that the tharrty will continue in operation. The trustees are responsible for keeping accounting records which dlsclose wrth reasonable accuracy the financial position of the charity and which enable them to ensu that the financial statements compty with the Charities Act 2011. charity (Accounts and RerM)rtsl Regulations and the provision of the trust deed. The trustees are responsible for safeguarding the assets of the charity and hence for tskin8 reasonable steps for the prevention of fraud ènd other irregularities. Signed ...-........_ Graham Carey {Chaimianl Authorised to slgn on ....--....
INDEPENDEPtr EXAMINER'S REPORTTO THE TRUSTEES OF CHRISTIAN RESPONSE YEAR ENDED 31 DECEMBER 2020 I I"eport on the accounts of the Charity for the year ended 31 December 2020. which are set out on pages 8 to 16. Re5pectlve responsibilities of trustees 3Trd examiner The Charity's trustees are responsible for the preparation of the accounts. The Charitvs trustees consider that an audit is not required for this year (under Section 144121 of the Charities Act 2011 Itne 2011 Actll and that an indepenuent examination is needed. It Is my responsibility to= lal examine the accounts Ivnder section 145 of the 2011 Attl; Ibj to folloiv the procedures laid down in the General Drrertions given by the Charity Commissione (under section 14515llbl of the 2011 Actl.. and Icl to state whether particular matters have come to my attention. Basis of Inoependent Examinerfs report My examinatloll Wa5 carried out in accordance with the Gener31 Directions given by the Charity Commissioners. An exarrtination include5 a review of the accounting records kept by the charity and a comparison of the accoijnts presented with . hose records. It also includes consideration of any unu5u31 items or di5£1osures in the account4 aDd the seekifj8 of explanations from you ar trb%tees - concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view and the report is litrilted to those matters set out in the statements below. Independént Examinegs ststement In connectiorj Witn niy examinatioi, no matter has come to rJiy attention.. 11 which gives me reasonable cause to believe that, in any material respect. accounting records were not kept ,.n accordance with Section 63 of the 2008 Art and Section 130 of the 2011 Act.- the accounts do not comply with the records.. and the accounts do not comply with the applicatilÈ requirements conceming the form and content of accounts set out in the chariteS IAc¢gunts and Re[rts) Regulations 2(K)8 other thon any considered as part of an independent examination. 21 to which, in niy opinion, attention shou',d be orawn in order to enable 6 proper understanding of the accounts to be reached. TE'O Stephen Bright MA (Oxonl MBA FCA Chartered Accountènt 10 High Croft. Exeter, EX4 4JQ Date".
zzz ttv
CHRisnAN RESPONSE BALANCE SHEEr ASAT 31 DECEMBER 2020 2019 HXED ASSErs Tan8ible Fixed Assets CURRENT ASSETS Debtors ITax recoverable) Cash at bank 2.877 97.622 10,626 105.475 io l(Ll,499 116.101 CURRENT UABILmE5 Creditor5- amounts falling due within one year IAccruals} 4.655 Net current assets 95.844 114.701 TOTAL NEf AS5Ef5 114,701 THE FUNDS OF THE CHARITY Unrestrirted fvnds Restritted: Moldova funds Restrirted= Romania funds 12 63,017 32.827 63,885 33.787 17.029 95A44 114.701 Graham Carey (Chairman) Richard Critchley (Treasurer} The financial statements were approved by the Trustees on 21 April 2021 The notes on pages 9 to 15 fomi part of these financial statements
CHRISTIAN RESPONSE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2019 NOTE I. ACCOUNTING pouaES The following accounting policies have been used consistently in dealing with items which are considered material in relatn to the charity's financial statements. Basis of Accounting The financial statements have been prepared under the historical cost convention and in accordants with applicable accounting standard5 and Ststement of Recommended Practice Charities SORP IFRS1021. Income and Expenditure Voluntary income including legacies is accounted for on reipt, but expenditure is èccounted for when the liability is Fncurred. Tax Refunds Tax refvnds arise out ofthe receipt of donations by way of Grft Aid and credit is taken in the accounts for these refunds when the underlying gift is recerrfed. Cd[t for the tax refunds is taken in the unrestricted fund. d} Depreclation and Flxed Assets Fixed assets are capitalised at cost ènd depreciation is calcuted so as to write off the cost of the assets over their effertNe useful lives. Only assets costing in excess of £250 are capitalised. Equipment 15 written off on a straight-line basis by equal instalments over three or four years. Allocation of Costs Costs are allocated dirertly to the fvnd to which they relate or a apwjrtioned on a reasonable justifiable and consistent basis. Foreign Currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchan8e ruling at the balance sheet date. Transactions in foreign currenties are translated into sterling at the rate of exchange ruling at the date of transattion. Exchange differences are taken into account in arriving at the operating resulL NOTE I DONATIONS AND LEGAaES 2020 2019 Donations Donated goods Legacies Tax refunds 84.658 5.961 7,5 11.296 105,447 5.562 14.122 109.415 119569 io
CHRisfiAN RESPONSE- NOTES TO THE HNANCIAL STATEMEPITS YEAR ENDED 31 DECEMBER 2020 {conlinuedl NOTE 3. ANALYSIS OF EXPENDITURE Romania Fund52020 unstrICted Funts 2020 Total 2020 Raising funds Printin& postage and offi supplies 913 913 Charltable Gllts Donated goods Haul&8e and fuel Travel and sub5iStence Bank charges Warehouse costs R¢)om rent Support costs .C67 5.961 9345 105 552 558 58 2.016 18.080 108.147 5,961 9,945 105 558 58 2341 325 109.262 .461 127,723 Totsl èMpenditurÈ 110.175 A61 128%36 Moldova Funds 2019 Total 2019 Funds 21n9 Funds 2019 Ralsin8 fvnds Printin& postage and offi supplres 71 71 Charitable actlvitiÈs Gift5 Donated goods Haulage and f4Jel Travel and subsisten Bank charges WarehoLtse costs Room rent Support costs 90.109 5.562 9.520 1.716 22.926 113.035 5.562 9,520 1.716 741 313 240 2,279 313 240 1376 I(1323 23583 133.406 Total eXFd1tUre 109J 23583 133A77 li
CHRisnAN RESPONSE. NOTES TO THE FIP4ANCIALSTATEMErirsYEAR ENDED 31 DECEMBER 2020 le¢xrtinued) NOTE 4. SUPPORT COSTS 2019 Insurance Independent examinat¥)n 717 L624 695 1,584 2.341 2,279 2020 2019 Allocated as follows- Moldova.. Insuran Moldova: Independent examination Romania- Independent examination 717 1.299 325 695 1.181 403 2,341 2.279 NOTE 5. GIs During the year there were 64 grants12019: 721 totslling E65.981 {2019: £78,256) to responsible individuals for onward distribution to families and individuals forthe relief of hardship and for special needs. In addition, there We 45 grants12019.' 511 of £42.16612019- £34.7791 to institutions, again via responsÈble individuals. The geographical split of the grfts shown below is Summari in the analysis of expenditure in note 3. The grants forfamilies and indrvKluals were= 2020 2019 Fund Family support= Moldova Family support". Romania Medical costs Animals and trees Education costs Winter fuel Minibus repairs for Florea Constantin Home repairs for firon. Lavorschi ènd Carlic frdmile5 53.358 2.1 3.748 2.203 1,620 2330 43.306 22.925 1215 927 Moldova Romania Moldova Moldova Moldova Moldova Moldova Moldova Moldova 3.753 556 4.826 622 651 78.2S6 12
CHRisnAN RESPONSE. NOTES TO THE HNANCIAL ATEmENTs YEAR Et4DED 31 DECEMBER 2020 (continued) NOTE 5. GIFfs Icontlnued) The grants to institutions were as follows- 2020 2019 Fund Orhei Church ènd soup kitchen Soup kitchens (Balti. Chiperceni and BorJg) Summercamp Christmas parties for children Chipoteni Church building work Chiperceni Church building work Coirescu Communtty Centre building work Raspuns Crestin for rehousing of Bondarenco. Muhamadeev and Cojac families Taxes and legal fees for transfer of houses from Misuna Crestina to Raspuns Crestin Aurora Christian Association (UK charity) Life to Romania IUK charttyl Asociatia Centrul Crestin Betania for meal programme, support of pastors. an(1 building works at Suncuius 2.185 9.199 2.321 9.187 4.445 I,(K12 9,163 Moldova Moldova Moldova Moldova Moldova Moldova Moldova Moldova 4,549 2.723 3,661 Moldova Romania Romania Romania 6.980 41166 34.779 NOTE 6. DONATED GOODS Donated goods have been included in donations received and gifts made. These goods have been included in the accounts at the valuations given on the cargo manifests when the goods were shipped. 2020 2019 Value of donated goods 5961 5.562 NOTE 7. TRusfEE'S REMUNERATION AND EXPENSES No remuneration d1CtlY or indictIV out of the funds of the charity was paid or payable for the year to any tstee or to any person or persons known to be connected with any of them12019.. £nill. Expenses of the charity of £16212019: £258) were reimbursed to 2 {2019: 31 trustees in the year. These costs were for charitable expenditu. printin& postage and stationery costs. 13
cHRIlAN RESPONSE - NOTES TO THE FINANCIAL sfATEMEPs YEAR ENDED 31 DECEMBER 2020 (conned} NOTE 8. RELATED PARTY TRANSAcnoN5 In addition to the reimbursement of expenses to the trustees detailed in note 7, there were donations to the charity totalling £1682 by 3 trustees and the wife of one of the trustees. NOTE 9. TANGIBLE FIXED ASSETS Equipment cost Brought forward Disposal 1,405 15701 Carried forward 835 Depreciatlon Brought forward Disposals Charge for year 1,405 1570) Carried forward 835 Net Book Value 31.12.2020 31.12.2019 All tangible red assets are held in the United Kingdom. NOTE 10. BANK AND CASH All bank accounts and cash balances are held in the United Kingdom. 14
CHRisfiAN RESPONSE- NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 DECEMBER 2020 le¢yrtttnued) NOTE 11. MOVEMENT IN FUNDS Current year Balance Inc(xne Expendfture Trnnsfers 8alaThce at 31 Decernber 2020 January 2020 Unrestricted funds 63,885 364 112321 63,017 Restrirted funds Moldova Romania 33.787 17.029 109.215 21J) 110,175 18.461 32,827 1232 50.816 IIP3,415 128.636 1232 32,827 Total funds 114.701 109.779 128.636 95,844 Prior year Balance atl January 2019 Income Expen&rture Transfers Balan at 31 December 2019 Unrestrlcted funds 63,656 229 63,885 Restricted fund5 Moldova Romania 45.847 18,877 97,834 21,735 {109,8941 (23,5831 33,787 17,029 64.724 119.569 1133.4771 50,816 Total funds 128 119.798 {133A77) 114,701 15
CHRISTIAN RESPONSE- NiyfES TO THE FINAIICIAL STATEMENTS YEAR ENDED 31 DECEMBER ZOZO (wrtinuedl NOTE 12. NEf ASSETS BETWEEN FUNDS Current year Restrlcted Moldo¥a Funds 2020 RornarFla Funds 2020 Unrestrlcted Funds 2020 Totsl 2020 Fixed assets Current assets: Cash at bank Debtors Creditors (due wlthin I yearl 36.111 61511 2.877 {1371) 97,622 2,877 14,655) {3.2841 3U27 63.017 95,844 Prior year Funds 2019 Furbts 2019 Funds 2019 Total 2019 Fixed assets Current assets Credttors (due within I yearl 33.787 17.029 65,285 11.4C(JI 116,101 I1.4Cl 33,787 17m9 63,885 114.701 16