East 13 Christian Trust Report and Accounts Year ended 31 August 2021
EAST 13 CHRISTIAN TRUST
COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2021
Directors & Trustees Peter Sell Jo Sell Hui Leng Timms Stephen Timms Trustees Simeon Burnett (appointed 22 April 2021) Jonathan Dale Reuben John Company Secretary Gemma Sell Governing Document Memorandum and Articles of Association incorporated 30th March 1998 Company Registration Number 3537219 Charity Registration Number 1069248 Registered Office 408 Barking Road London, E13 8HJ Accountants Neville Reid 19 Mills Grove London, E14 0RH Bankers CAF Bank HSBC PLC
CONTENTS
| Page | |
|---|---|
| Company Information | 1 |
| Directors’ Report | 2-4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8-12 |
| Movements in Designated and Restricted Funds | 13 |
| Detailed SOFA with comparatives | 14 |
1
EAST 13 CHRISTIAN TRUST
TRUSTEES' ANNUAL REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2021
East 13 Christian Trust operates a number of projects which are known as Plaistow Christian Fellowship, Eden Plaistow and Cornerstone Cafe.
Nature of Governance
East 13 Christian Trust Limited (Company Number 3537219) is registered with the Charity Commission (Charity No. 1069248). The trustees and officers are listed below; a number of them are directors of the company, these are indicated in the list below. The registered office is 408 Barking Road, London E13 8HJ.
Objectives of the charity
-
To advance the Christian faith in accordance with the Statement of Beliefs, as stated in the Memorandum of Association, in the London Borough of Newham and in such other parts of the United Kingdom or the world as the directors of the Charity (the trustees) may from time to time think fit;
-
To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the London Borough of Newham and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit;
-
To advance education in accordance with Christian principles by such means as the trustees may consider appropriate including by means of establishing and operating any educational establishment or establishments in the London Borough of Newham and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit;
-
To promote and fulfil such other charitable purposes beneficial to the community in the London Borough of Newham and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
The trustees have considered these objectives and believe that the Charity is fulfilling these objectives in its actions and activities.
Activities of the Charity
Vision Statement
This has been summarised as “To be the people of God where we are.”
Main activities during the year
• The day to day running of a church, Plaistow Christian Fellowship, which includes evangelism, community development and maintaining pastoral support of members. We also hold Sunday services and special services at Christmas, Easter, and Sunday school type groups etc.
• During this year Bianca Parish decided to leave the employ of the charity to spend time with her family and to pursue other opportunities. This together with the issues around lockdown led to a re-appraisal by both the charity and The Message organisation of the future of Eden Plaistow. The project effectively ceased operating during the year, but a number of the activities which formed part of Eden Plaistow have continued.
• It is envisaged that a Cornerstone Community Team will be in place to deliver on-going support and activities for the local community.
• Given lockdown and the closing of Eden Plaistow, the Plaistow Kicks Academy and Mentoring (PKAM) project was also put on hold.
• The Charity office and coffee shop at 408 Barking Road, London E13 8HJ, is known as Cornerstone and provides the Church and charity with a profile in the Borough.
• Cornerstone Cafe has continued to develop over the year. It was open as allowed by the government's Covid 19 lockdown legislation on Wednesday to Friday 10–3 pm and offered free meals to vulnerable families.
- Lockdown also led to the closure of the bi-monthly open-mic evening.
2
• Plaistow Christian Fellowship continues to work together with other churches to reach out into the community, to make the best use of the resources and talents which they have, as far as Covid restrictions allow.
• The charity continues to look at new ways of working together with other organisations and churches to demonstrate the kingdom of God in Newham. The Trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commission.
Future direction
For much of the year the church met online utilising Zoom to facilitate Sunday services and other meetings. Meeting in person was not possible because Tollgate School being mindful of the potential for Coronavirus to be transmitted by people who used the school’s facilities, stopped all outside groups from using the building. The church continues maintain the relationship with the school in the best way that it can, as it seeks to serve not only the local community, but also the staff and others involved in the school.
Further to the last report of the trustees, the property that the charity uses at 408 Barking Road London E13 8HJ (including the shop premises known as Cornerstone) is to be redeveloped. An Architect was appointed. This involved seeking proposals from a number of Architects and it was agreed to appoint Paul Henry Architects Ltd to undertake the concept design and pre-planning application. The pre-planning submission was sent to the Planning Authority at the end of April for their consideration. At the end of the current financial year there has been no response from the council to the pre-planning submission.
Coronavirus restrictions permitting, the charity will continue to develop the activities in Cornerstone, and the charity will continue to explore ways in which it can reach out into and to support the local community via any of the projects of the charity.
The church leaders will continue to explore external funding to enable the work of the trust to be expanded through its projects to allow the trust to continue to grow and develop. At the same time the trust will via its other projects reach out into the local community.
Organisational Structure
The 4 leaders listed below, all of whom are members of the Charity, make the day-to-day decisions of Plaistow Christian Fellowship. The trustees make the major decisions regarding the funds of the charity. This would include the purchase or sale of major property assets and decisions with major funding implications, including staffing.
Risk Statement
The charity is not exposed to any major financial risk. With the sale of 408 Barking Road, the new landlord has confirmed that a peppercorn rent will be due for the property.
Insurance
The Charity was fully insured and a schedule of the insurances will be considered at the AGM.
Financial Review
Total income decreased by £14,500, while expenditure decreased by £11,200, with many activities curtailed due to coronavirus restrictions. The overall result for the year was a surplus of income over expenditure of £13,600. There was an increase of £11,600 in general reserves.
Reserves Policy
The Charity does not hold significant reserves of money or assets. It has a bank balance that is regularly reviewed by the trustees, and year on year the income broadly matches expenditure.
At the 31st August 2021 the general reserves of the charity stood at over £57,000. The policy is to maintain free reserves of not less than £20,000.
The charity received no grant income during the year, but fundraising income for Cornerstone was £12,200. The charity will continue to pursue grant funding where appropriate and will also be undertaking its own fundraising activities.
3
Accounts
These are prepared on the accruals basis under the historic cost convention in accordance with the Companies Act, as required by the governing documents of the Charity. An independent person, not a trustee, prepared the accounts. The accounts are now eligible for independent examination under the Charities Act; requirements of Companies Act apply. The accounts comply with the requirements of the Companies Act.
List of Trustees and Leaders
Peter Sell + * Hui Leng Timms + * Joanna Sell + * Stephen Timms + * Reuben John * Jonathan Dale * Simeon Burnett (appointed 22 April 2021) *
Leaders & Directors = + ; Members of the Charity = *
Procedure for appointing the trustees
The trustees shall not be subject to retirement by rotation. Unless otherwise determined by the Charity in general meeting, the term of office of a trustee shall continue until he or she retires or is removed in accordance with the relevant provisions of the articles. The appointment of trustees is in accordance with the provisions of the Company’s Articles of Association.
Bankers
The trust's main bank is CAF Bank, Kings Hill, West Malling, Kent ME19 4TA.
Approval
This report was approved by the Directors on 11 May 2022 and signed on their behalf by:
P P Sell Chair of East 13 Christian Trust
4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
EAST 13 CHRISTIAN TRUST
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.
Responsibilities and basis of report
As the trustees of the charity (who are also directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the relevant accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Neville Reid ACA
19 Mills Grove Poplar London E14 0RH
11 May 2022
5
EAST 13 CHRISTIAN TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021 (including the Income and Expenditure Account)
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities Investments Total income and endowments EXPENDITURE ON: Charitable activities 6 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Total Funds funds Funds Funds 2021 2020 £ £ £ £ 19,245 12,169 31,414 45,707 3,831 - 3,831 4,000 17 - 17 69 |
|---|---|
| 23,093 12,169 35,262 49,776 11,515 10,180 21,695 33,882 |
|
| 11,515 10,180 21,695 33,882 |
|
| 11,578 1,989 13,567 15,894 - - - - |
|
| 11,578 1,989 13,567 15,894 48,888 12,166 61,054 45,160 |
|
| 60,466 14,155 74,621 61,054 |
Movements on reserves and all recognised gains and losses are shown above.
The notes on page 8–12 form part of these accounts.
6
EAST 13 CHRISTIAN TRUST
BALANCE SHEET AS AT 31 AUGUST 2021
| Note CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS: Amounts falling due within one year 12 Net Current Assets TOTAL NET ASSETS FUNDS OF THE CHARITY Restricted income funds 13 Unrestricted funds: General funds Designated funds 13 TOTAL FUNDS |
Unrestricted Restricted Funds Funds 2021 2020 £ £ £ £ 3,608 2,699 6,307 6,868 58,534 11,456 69,990 56,387 |
|---|---|
| 62,142 14,155 76,297 63,255 |
|
| (1,676) - (1,676) (2,201) |
|
| 60,466 14,155 74,621 61,054 |
|
| 60,466 14,155 74,621 61,054 |
|
| - 14,155 14,155 12,166 57,276 - 57,276 45,698 3,190 - 3,190 3,190 |
|
| 60,466 14,155 74,621 61,054 |
For the year ended 31 August 2021, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act – however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP.
Approved by the Directors and signed on their behalf on 11 May 2022 by:
P P Sell, Chair of East 13 Christian Trust
Company number: 3537219
Charity number: 1069248
The notes on page 8–12 form part of these accounts.
7
EAST 13 CHRISTIAN TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
1 Basis of Accounting
The accounts have been prepared under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)), and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and with the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
2 Accounting policies
The following are the accounting policies which have been applied in dealing with material items:-
a) Recognition of income:
Grants and donations are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
b) Tax reclaims on donations and gifts:
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be unrestricted income unless the donor or the terms of the appeal have specified otherwise.
c) Settlement of insurance claims:
Insurance claims are only included in the SoFA when the general income recognition criteria are met, and are included as an item of other income in the SoFA.
d) Fundraising costs:
Donations received via fundraising platforms (such as Justgiving) are shown net of fees. Such fees are not material in the context of the trust. There are no other fundraising costs.
e) Liability recognition:
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources, and the amount of the obligation can be measured with reasonable certainty.
f) Funds:
Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside for a specific purpose. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.
- g) Fixed assets and depreciation:
Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £1,000 when they are written off on purchase.
Depreciation periods are as follows:
Freehold land Not depreciated Freehold buildings Over 50 years Equipment Between 3 and 7 years
8
EAST 13 CHRISTIAN TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
| 3 Analysis of income Donations and legacies: Donations and gifts Gift Aid Grants Charitable activities: Cornerstone café Eden Project craft sales Income from investments: Interest income Total income |
Unrestricted Funds: General | 2021 2020 £ £ 1,320 1,000 - - - - Unrestricted Funds: Designated |
2021 2020 2021 2020 £ £ £ £ 9,470 5,867 25,752 23,838 2,699 - 5,662 3,432 - 8,437 - 18,437 Restricted Funds Total Funds |
|
|---|---|---|---|---|
| 2021 2020 £ £ 14,962 16,971 2,963 3,432 - 10,000 |
||||
| 17,925 30,403 |
1,320 1,000 |
12,169 14,304 31,414 45,707 |
||
| 3,831 4,000 - - |
- - - - |
- - 3,831 4,000 - - - - |
||
| 3,831 4,000 |
- - |
- - 3,831 4,000 |
||
| 17 69 |
- - |
- - 17 69 |
||
| 17 69 |
- - |
- - 17 69 |
||
| 21,773 34,472 |
1,320 1,000 |
12,169 14,304 35,262 49,776 |
4 Government grants
No government grants were received in the year. In the previous year, a government grant of £10,000 for Covid-19 Business Support was received.
5 Donated goods, facilities and services
The Trust benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), no monetary value is included in the accounts for the contributions of volunteers.
9
EAST 13 CHRISTIAN TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
| Note 2021 2020 2021 2020 2021 2020 2021 2020 £ £ £ £ £ £ £ £ 6 Analysis of expenditure a Direct Charitable Costs Eden Project staff costs - - - - - 13,349 - 13,349 Eden Project other direct costs - - - - - 1,483 - 1,483 Cornerstone café costs 3,296 9,687 - - 10,180 2,040 13,476 11,727 Rent (excluding Cornerstone) 315 2,100 - - - - 315 2,100 Other events 167 144 - - - - 167 144 Youth & children's work 157 457 - - - - 157 457 Sundry expenses 159 258 - - - - 159 258 Grants payable Note 10 1,650 760 1,320 - - - 2,970 760 5,744 13,406 1,320 - 10,180 16,872 17,244 30,278 b Support & Administration Governance costs 800 800 - - - - 800 800 Insurance 662 1,037 - - - - 662 1,037 Payroll and pension administration 144 - - - - 404 144 404 Print, stationery & other office costs 671 612 - - - - 671 612 Website design and development 1,296 - - - - - 1,296 - Telephone & internet 781 678 - - - - 781 678 Bank charges 97 73 - - - - 97 73 4,451 3,200 - - - 404 4,451 3,604 Total expenditure on charitable activities 10,195 16,606 1,320 - 10,180 17,276 21,695 33,882 Unrestricted Funds: Designated Restricted Funds Total Funds Following a change of landlord in September 2020, no rent is payable for the premises at 408 Barking Road, pending future building works. Unrestricted Funds: General The £10,180 expended from restricted funds in 2021 comprised architects' fees and LB Newham pre-application planning costs for the forthcoming renovation works. |
Note 2021 2020 2021 2020 2021 2020 2021 2020 £ £ £ £ £ £ £ £ 6 Analysis of expenditure a Direct Charitable Costs Eden Project staff costs - - - - - 13,349 - 13,349 Eden Project other direct costs - - - - - 1,483 - 1,483 Cornerstone café costs 3,296 9,687 - - 10,180 2,040 13,476 11,727 Rent (excluding Cornerstone) 315 2,100 - - - - 315 2,100 Other events 167 144 - - - - 167 144 Youth & children's work 157 457 - - - - 157 457 Sundry expenses 159 258 - - - - 159 258 Grants payable Note 10 1,650 760 1,320 - - - 2,970 760 5,744 13,406 1,320 - 10,180 16,872 17,244 30,278 b Support & Administration Governance costs 800 800 - - - - 800 800 Insurance 662 1,037 - - - - 662 1,037 Payroll and pension administration 144 - - - - 404 144 404 Print, stationery & other office costs 671 612 - - - - 671 612 Website design and development 1,296 - - - - - 1,296 - Telephone & internet 781 678 - - - - 781 678 Bank charges 97 73 - - - - 97 73 4,451 3,200 - - - 404 4,451 3,604 Total expenditure on charitable activities 10,195 16,606 1,320 - 10,180 17,276 21,695 33,882 Unrestricted Funds: Designated Restricted Funds Total Funds Following a change of landlord in September 2020, no rent is payable for the premises at 408 Barking Road, pending future building works. Unrestricted Funds: General The £10,180 expended from restricted funds in 2021 comprised architects' fees and LB Newham pre-application planning costs for the forthcoming renovation works. |
Unrestricted Funds: General | 2021 2020 £ £ - - - - - - - - - - - - - - 1,320 - Unrestricted Funds: Designated |
2021 2020 2021 2020 £ £ £ £ - 13,349 - 13,349 - 1,483 - 1,483 10,180 2,040 13,476 11,727 - - 315 2,100 - - 167 144 - - 157 457 - - 159 258 - - 2,970 760 Restricted Funds Total Funds |
|---|---|---|---|---|
| 2021 2020 £ £ - - - - 3,296 9,687 315 2,100 167 144 157 457 159 258 1,650 760 |
||||
| 5,744 13,406 |
1,320 - |
10,180 16,872 17,244 30,278 |
||
| 800 800 - - - - 800 800 662 1,037 - - - - 662 1,037 144 - - - - 404 144 404 671 612 - - - - 671 612 1,296 - - - - - 1,296 - 781 678 - - - - 781 678 97 73 - - - - 97 73 rent is payable for the premises at 408 Barking Road, pending future building works. comprised architects' fees and LB Newham pre-application planning costs for the forthcoming |
||||
| 4,451 3,200 - - - 404 4,451 3,604 |
||||
| 10,195 16,606 1,320 - 10,180 17,276 21,695 33,882 |
Since the payroll costs in 2020 related solely to restricted funds, payroll administration costs in that year were charged in full to restricted funds. Other support costs are charged to unrestricted funds.
10
EAST 13 CHRISTIAN TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
| 7 Fees for examination of the accounts 8 Paid employees Staff costs Salaries and wages Pension costs: Defined contribution scheme Total staff costs Independent examiner’s fees |
2021 2020 £ £ 800 800 £ £ - 13,086 - 262 |
|---|---|
| - 13,349 |
The charity had 1 employed member of staff in 2020, but none in 2021. No staff received employee benefits at a rate of more than £60,000 per annum. A defined contribution pension scheme is in operation since 1 July 2017. The full cost is allocated to restricted funds.
9 Trustees
No remuneration was paid to any trustee during the year nor to any person connected to them. The charity trustees were not paid nor received any other benefits from the charity in the year (2020: £nil), neither were they reimbursed expenses during the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil). The Trust received unrestricted donations from its Trustees totalling £8,520 and restricted donations of £10,796 (2020: £9,400 unrestricted).
10 Grants
| Grants to institutions: The Message Trust Agape Newham Christian Fellowship Grants to individuals: Hardship payments from the Tithe Fund (designated) 11 Debtors and prepayments Tax recoverable Prepayments and accrued income 12 Creditors: liabilities falling due within one year Trade creditors Accruals |
2021 2020 £ £ 1,050 - - 160 600 600 |
|---|---|
| 1,650 760 |
|
| 1,320 - |
|
| 1,320 - |
|
| 5,662 3,432 645 3,436 |
|
| 6,307 6,868 |
|
| 315 840 1,361 1,361 |
|
| 1,676 2,201 |
11
EAST 13 CHRISTIAN TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
13 Funds
Movements in the year for designated and restricted funds are shown on the next page.
Analysis of net assets between funds:
| Cash Other net assets Analysis of net assets between funds Cash Other net assets |
General Designated Restricted Total funds funds funds 2021 £ £ £ £ 55,344 3,190 11,456 69,990 1,932 - 2,699 4,631 |
|---|---|
| 57,276 3,190 14,155 74,621 |
|
| – previous year: General Designated Restricted Total funds funds funds 2020 £ £ £ £ 43,941 3,190 9,256 56,387 1,757 - 2,910 4,667 |
|
| 45,698 3,190 12,166 61,054 |
14 Members
Each member of the company commits to contribute an amount of £10 if the charity is wound up.
12
EAST 13 CHRISTIAN TRUST
MOVEMENTS IN DESIGNATED AND RESTRICTED FUNDS FOR THE YEAR ENDED 31 AUGUST 2021
| Opening | Incoming | Outgoing | Transfers | Closing | Incoming | Outgoing | Transfers | Closing |
|---|---|---|---|---|---|---|---|---|
| balance | resources | resources | in the year | balance | resources | resources | in the year | balance |
| 2020 | 2020 | 2020 | 2020 | 2020 | 2021 | 2021 | 2021 | 2021 |
| £ | £ | £ | £ | £ | £ | £ | £ | £ |
Designated funds
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside for a specific purpose. Movements in the year and the prior year for designated funds were as follows:
| Tithe Fund For TEAR Fund Office Refurbishment Youth Work |
80 1,000 - - 1,080 1,320 (1,320) - 1,080 550 - - - 550 - - - 550 885 - - (885) - - - - - 5,795 - - (4,235) 1,560 - - - 1,560 |
|---|---|
| 7,310 1,000 - (5,120) 3,190 1,320 (1,320) - 3,190 |
The Tithe Fund is an unrestricted fund designated by the Trustees to allow for future expenditure on support of individuals or charities with objectives in line with the work of the church.
After a change in banking arrangements, payments to Tear Fund were suspended, but the amounts previously sent as regular payments have been set aside up to 2018. An insurance claim was received in 2016 for office refurbishment; this was not spent until later, and is therefore shown as a designated fund. Certain gifts of a one-off nature, mainly in 2017-18, have been designated for future support of youth work.
Restricted funds
Restricted funds represent amounts received for specific purposes.
Movements in the year and the prior year for restricted funds were as follows:
| Eden Team Leader Eden Project – other direct costs Support costs Cornerstone restructuring |
9,114 7,500 (13,349) 4,235 7,500 - - - 7,500 - 983 (1,483) 500 - - - - - - - (404) 404 - - - - - - 5,821 (2,040) 885 4,666 12,169 (10,180) - 6,655 |
|---|---|
| 9,114 14,304 (17,276) 6,024 12,166 12,169 (10,180) - 14,155 |
13
EAST 13 CHRISTIAN TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES FOR THE YEAR ENDED 31 AUGUST 2021
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities Investments Total income and endowments EXPENDITURE ON: Charitable activities 6 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
2021 2020 £ £ 17,925 30,403 3,831 4,000 17 69 Unrestricted Funds: General |
2021 2020 £ £ 1,320 1,000 - - - - Unrestricted Funds: Designated |
2021 2020 2021 2020 £ £ £ £ 12,169 14,304 31,414 45,707 - - 3,831 4,000 - - 17 69 Restricted Funds Total Funds |
|
|---|---|---|---|---|
| 21,773 34,472 10,195 16,606 |
1,320 1,000 1,320 - |
12,169 14,304 35,262 49,776 10,180 17,276 21,695 33,882 |
||
| 10,195 16,606 |
1,320 - |
10,180 17,276 21,695 33,882 |
||
| 11,578 17,866 - (904) |
- 1,000 - (5,120) |
1,989 (2,972) 13,567 15,894 - 6,024 - - |
||
| 11,578 16,962 |
- (4,120) |
1,989 3,052 13,567 15,894 |
||
| 45,698 28,736 |
3,190 7,310 |
12,166 9,114 61,054 45,160 |
||
| 57,276 45,698 |
3,190 3,190 |
14,155 12,166 74,621 61,054 |
Movements on reserves and all recognised gains and losses are shown above.
14