**Company Number: 03374122 Charity Number: 1070596**
**Seaforth Information Network Group** (A Company Limited by Guarantee) **Annual Report & Financial Statements For the year ended 31 March 2021**
**Greater Merseyside Community Accountancy Service Sefton Council for Voluntary Service 3rd Floor, Suite 3b Burlington House Crosby Road North Waterloo Liverpool L22 0LG**
**Seaforth Information Network Group Contents**
Pages
|9|Independent Examiner's Report|
|---|---|
|10|Statement of Financial Activities|
|11|Balance Sheet|
|12-25|Notes to the Financial Statements|
page 2
**Seaforth Information Network Group Trustee's Annual Report For the year ended 31 March 2021**
The trustees, who are also Directors for the purposes of the Companies Act, present their annual report and financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for Charities applying FRS102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
## **Objectives and Activities**
The Objects of the charity are to advance the education, to preserve and protect the good health and relieve the poverty of the residents of Seaforth by the provision of free and confidential information about charitable, voluntary, health and public services, the provision of recreational facilities and the development of training and learning opportunities.
In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's guidance on public benefit.
**Seaforth Information Network Group Trustee's Annual Report For the year ended 31 March 2021**
## **Achievements and Performance and Achievements**
## **SING Plus Centre**
The centre has been closed for most of this year due to the pandemic. As restrictions changed staff adjusted to meet the needs and demands of our users and wider community.
We will continue to develop the centre based on the needs of local people and demand.
## **Information Shop**
The shop has continued to provide a useful resource to the local community. Local residents continue to access the shop for general enquiries and look through the information leaflets. We have secured funding to refurbish the shop and provided new activities. Now that restrictions have been lifted we will be resuming services such as the Knit n Natter group, and a drop in facility on a Wednesday, we also continue to work closely with Hugh Baird College, Tesco plus other agencies. Funding has been secured through PH Holt the CCG plus others to support the work we do. We hope to resume services fully such as ad-hoc sessions with relevant speakers/agencies that provide residents with useful up to date information around benefits entitlements, health and well-being.
## **Young People**
We have continued to provide a programme of services throughout the pandemic via internet, face-face offering support and information if required.
We opened the centre when restrictions allowed providing a safe and friendly Covid free environment. We continue to source funding to support the work we do and have been successful from SMBC and Merseyside police and Burbo bank funding for homework classes.
## **Kids Kitchen**
Kids Kitchen provides activities and meal to children in receipt of free school meals. The scheme runs through the school holidays. This has been delivered to the home and has been accessed by many individual children. The scheme has been well received by local families so much so that when funding came to an end we continued at our own cost and continue to look for funding sources.
## **Children and Young People**
We continue to provide a range of services to local children and young people. This includes providing a drop in facility after school, and supporting them in looking into projects of their own such as 'Our Space' funded through Merseyside police and Burbo bank. Staffs have supported the young people through the pandemic via face - face meetings and internet group chats.
## **The Input of volunteers**
Once again we take this opportunity to say thank you to the volunteers involved in the organisation for all the hard work they have put in over the year in ensuring the continued success of the organisation during the pandemic. Throughout the year the volunteers have fundraised, helped pick up and deliver food, PPE equipment, toiletries and so much more. Once restrictions are lifted they will help managed the shop and centre which gives staff the opportunity to fundraise and promote the organisation. Volunteers are given the opportunity to participate in training and develop new or upgrade existing skills.
page 4
**Seaforth Information Network Group Trustee's Annual Report For the year ended 31 March 2021**
## **Plans for Future Periods**
As an organisation we intend to continue to provide an affordable quality service to all local residents and young people. We will continue to ensure that we regularly review all policies and procedures ensuring our staff and volunteers are supported and continue to source funds to secure services/activities within the local area.
## **Financial Review**
As with any funded organisation we feel it is important to ensure that the organisation can be sustained in the long term, and the continuity of the level of services is maintained and risk is minimised. We have been fortunate to date with the success of funding applications and the ensuing grants. This has led to an increase in the level of our reserves giving us the flexibility to develop our own projects without grant restraints. However we still need and appreciate the grant aid that we receive, and would like to thank all those who have supported us. This year continued to show problems with the global economy and we know that funding may be under severe pressure for organisations such as ours, and the buffer of unrestricted funds we have been able to build will help see us through the difficult period.
## **Reference and administrative details**
**Charity number:** 1070596 **Company number:** 03374122 **Registered Office:** 75 Seaforth Road, Seaforth, Merseyside L21 3TX page 5
## **Our advisors**
Independent Examiner: Anthony Deegan MAAT, MICB Pm.dip Bankers: HSBC, 197 Stanley Road, Bootle, Liverpool, L20 3DX
## **Directors and trustees**
The directors of the charitable company (the charity) are its trustees for the purposes of charity law. The trustees and officers serving during the year and since the year-end were as follows:
## **Trustees**
SR Webster H Tolmie Michelle Newton Appointed 19th March 2020
## **Company Secretary**
D Prout
**Seaforth Information Network Group Trustee's Annual Report For the year ended 31 March 2021**
## **Structure, Governance and Management**
## **Governing Document**
Seaforth Information Network Group is a company limited by guarantee governed by its Memorandum and Articles of Association dated 28th September 2015. It is registered with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there are currently 1 members (1 in 2020), each of whom agrees to contribute £x in the event of the charity winding up.
## **Appointment of trustees**
Seaforth Information Network Group
page 6
**Seaforth Information Network Group Trustee's Annual Report For the year ended 31 March 2021**
## **Trustee induction and training**
New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law, the Charity commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performace of the charity. During the induction process they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
## **Organisation**
The board of trustees administers the charity. The Company Secretary manages the day to day operations of the charity.
## **Related parties and co-operation with other organisations**
None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity and any client or supplier is disclosed to the full board of trustees in the same way as any other contractural relationship with a related party. In the current year no such related party transactions were reported.
## **Risk Management**
The trustees have a risk managment strategy which comprises:
* an annual review of the principal risks and uncertainties that the charity faces;
* the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
* the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank and active management of trade debtors and creditors balances to ensure sufficient working capital by the charity.
Attention has also been focused on non-financial risks arising from fire, health and safety of clients, food hygiene. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular awareness training for staff working in these operational areas.
page 7
**Seaforth Information Network Group Trustee's Annual Report For the year ended 31 March 2021**
## **Trustees' Responsibilities**
The trustees, who are also the directors of Seaforth Information Network Group for the purpose of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application or resources, including the income and expenditure, of the charitable company for that year. in preparing the financial statements, the trustees are required to:
1) select suitable accounting policies and then apply them consistently;
2) observe the methods and principles on the Charities SORP;
3) make judgements and estimates that are reasonable and prudent;
4) state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
5) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will contionue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Comapnies Act 2006. They are also responsible for the safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the board of trustees on 12th November 2021 and signed on their behalf.
Helen Tolmie Trustee
page 8
**Independent Examiner's Report To the trustees of Seaforth Information Network Group For the year ended 31 March 2021**
I report to the trustees on my examination of the accounts of the Seaforth Information Network Group for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of Seaforth Information Network Group you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the Seaforth Information Network Group accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1) accounting records were not kept in respect of the Seaforth Information Network Group as required by section 130 of the Act; or
(2) the accounts do not accord with those records; or
(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) REgulations 2008 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.
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.
Anthony Deegan MAAT, MICB Pm.dip Community Accountant Sefton Council for Voluntary Service Burlington House
12th November 2021
page 9
**Seaforth Information Network Group Statement of Financial Activities (Incorporating Income & Expenditure Account) For the year ended 31 March 2021**
|**Unrestricted**
**Restricted**
**Note**
**Funds**
**Funds**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
28,031
-
Charitable activities
3
12,281
-
Investments
4
107
-
Total income
40,419
-
**Expenditure on:**
Charitable activities
5
36,461
8,251
Other
6
-
-
Total expenditure
36,461
8,251
**Net income/(expenditure)**
3,958
(8,251)
**Other recognised gains:**
**Net movement in funds**
3,958
(8,251)
**Reconciliation of funds:**
Funds b/fwd
143,313
8,251
Funds c/fwd
139,020
-|**Total**
**2021**
**£**
28,031
12,281
107
40,419
44,712
-
44,712
(4,293)
(4,293)
151,564
139,020|_Total_
_2020_
_£_
19,758
24,419
360
44,537
55,270
192
55,462
(10,925)
(10,925)
162,489
151,564|
|---|---|---|
The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 25 form part of these financial statements
page 10
**Seaforth Information Network Group Balance Sheet As at 31 March 2021**
**Company Number: 03374122**
|**Note**
**Fixed Assets**
Tangible assets
10
**Current Assets**
Debtors
11
Cash at bank and in hand
12
**Creditors: Amounts falling due within one**
**year**
13
**Net Current Assets**
**Total Net Assets**
**Funds of the charity**
Designated Funds
General Fund
Total Unrestricted Funds
14
Restricted Funds
15
**Total Funds**|**2021**
**£**
**£**
2,519
2,347
134,303
136,650
150
136,500
139,019
2,519
136,501
139,020
-
139,020|_2020_
_£_
366|
|---|---|---|
|||7,195
144,533|
|||151,728
530|
|||151,198|
|||151,564|
|||366
142,947|
|||143,313
8,251|
|||151,564|
In approving these financial statements as directors of the company we hereby confirm the following: For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476.
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
## **The accounts were approved by the board of directors on 12th November 2021.**
Helen Tolmie, Director
The notes on pages 12 to 25 form part of these financial statements
page 11
**Seaforth Information Network Group Notes to the Accounts For the year ended 31 March 2021**
## **1 Accounting Policies**
## **1a Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 Janaury 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Seaforth Information Network Group meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for Charities applying FRS102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The functional currency of Seaforth Information Network Group is the £ Sterling
## **1b. Reconciliation with previous Generally Accepted Accounting Practice**
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was requried.
There were no items as at the transition date which required restatement under FRS102.
## **1c. Preparation of the accounts on a going concern basis**
The charity had a surplus on unrestricted funds and had adequate free reserves at 31 March 2021 The trustees consider the charity to be a going concern so the accounts have been prepared on a going concern basis.
The notes on pages 12 to 25 form part of these financial statements
page 12
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **1 Accounting Policies (cont.)**
## **1d. Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **1e. Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Charitable activities Youth Service Information Shop
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1f. Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and goverance costs which support the charities programmes and activities. these costs have been allocated between cost of raising funds and expenditure on charitable activities. the bases on which support costs have been allocated are set out in note .
The notes on pages 12 to 25 form part of these financial statements
page 13
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **1 Accounting Policies (cont.)**
## **1g. Funds Accounting**
All income and expenditure together with gains and losess are allocated to a specific charitable fund.
Unrestricted funds are available to spend on activities that further any of the purposes of the charity.
Restricted funds are donations which the donor has specified are to be used soley for particular areas of the charity's work or for specific projects being undertaken by the charity. Further details of restricted funds together with their purposes are set out in note 15.
## **1h. Tangible fixed assets and depreciation**
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. cost includes the original purchase price, costs directly attributable to bringing the asset into its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.
Plant and machinery and fixtures, fitting, tools, and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided at the following annual rates in order to write each asset off over its anticipated useful economic life. A full year's depreciation charge is charged in the year of acquisition and no depreciation is charged in the year of disposal.
Motor vehicles 25% pa on a reducing balance basis Fixtures and fittings straight line basis over 4 years
Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the charitable company and the cost can be measured reliably.
Repairs, maintenance and minor inspection costs are expensed as incurred.
Tangible assets are dereognised on disposal or when no future economic benefits are expected. On disposal, the difference betwnee the net disposal proceeds and the carrying amount is recognised in the Statement of Financial Activities.
The notes on pages 12 to 25 form part of these financial statements
page 14
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **1 Accounting Policies (cont.)**
## **1i. Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1j. Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1k. Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1l. Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **1m. Cash Flow Statement**
The charity has talen advantage of Update Bulletin 1 to the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland.
The notes on pages 12 to 25 form part of these financial statements
page 15
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
|**2.**
**Donations and Legacies**
Grants and Donations|**2021**
**£**
28,031
28,031|_2020_
£
19,758|
|---|---|---|
|||19,758|
## **3. Charitable Activity Income**
|Room hire
Income from charitable activities has been applied to the following activities:
Charitable activities|**2021**
**£**
12,281
12,281
**2021**
**£**
12,281
12,281|_2020_
_£_
24,419|
|---|---|---|
|||24,419|
|||_2020_
_£_
24,419|
|||24,419|
## **4. Investment Income**
|Interest Receivable|**2021**
**£**
107
107|_2020_
_£_
360|
|---|---|---|
|||360|
The notes on pages 12 to 25 form part of these financial statements
page 16
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **5. Charitable Activities Expenditure**
|**Activities**
**Undertaken**
**Directly**
**£**
Charitable activities
52,916
52,916|**Total**
**2021**
**£**
52,916
52,916|_Total_
_2020_
_£_
57,462|
|---|---|---|
|||57,462|
## **6. Other expenditure**
|Other administration expenses|**2021**
**£**
-
-|_2020_
_£_
192|
|---|---|---|
|||192|
The notes on pages 12 to 25 form part of these financial statements
page 17
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **7. Staff Costs**
|Wages and Salaries
Social Security costs
The average number of employees during the 2021 was:
Centre
Information Shop
The trustees received no remuneration during the year (2020: £nil).
The trustees did not receive any expenses during the year (2020: £nil).|**2021**
**£**
25,564
-
25,564
**2021**
**Number**
2
1
3|_2020_
_£_
24,231
246|
|---|---|---|
|||24,477|
|||_2020_
_Number_
2
1|
|||3|
||||
The notes on pages 12 to 25 form part of these financial statements
page 18
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **8. Key Management Personnel**
The trustees consider that the key management personnel comprise the trustees and the Senior Management Team as follows:-
## **Trustees**
|SR Webster|||
|---|---|---|
|H Tolmie|||
|**Senior Management Team**|||
|Dyllis Prout|||
||**2021**|_2020_|
||**£**|_£_|
|Total Remuneration|18,309|17,750|
## **9. Net Income for the year**
Net income is stated after charging:
|Net income is stated after charging:|||
|---|---|---|
||**2021**|_2020_|
||**£**|_£_|
|Depreciation|841|122|
The notes on pages 12 to 25 form part of these financial statements
page 19
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **10. Tangible Fixed Assets**
|**Cost / Valuation**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation**
At 1 April 2020
For the year
At 31 March 2021
**Net Book Amounts**
**At 31 March 2021**
_At 31 March 2020_
**11. Debtors**
Amounts falling due within one year
Trade debtors
Prepayments and accrued income|**Motor**
**Fixtures &**
**Vehicles**
**Equipment**
**£**
**£**
27,487
-
-
2,994
27,487
2,994
27,121
-
92
749
27,213
749
274
2,245
366
-
**2021**
**£**
1,247
1,100
2,347||**Total**
**£**
27,487
2,994|
|---|---|---|---|
||||30,481|
||||27,121
841|
||||27,962|
||||2,519|
||||366|
||||_2020_
_£_
6,247
948|
||||7,195|
The notes on pages 12 to 25 form part of these financial statements
page 20
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
|**12. Cash at bank and in hand**
Cash at bank
Cash in hand
**13. Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income|**2021**
**£**
134,263
40
134,303
**2021**
**£**
-
150
150|_2020_
_£_
144,493
40|_2020_
_£_
144,493
40|
|---|---|---|---|
|||144,533||
||||_2020_
_£_
380
150|
||||530|
The notes on pages 12 to 25 form part of these financial statements
page 21
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **14. Unrestricted Funds**
|General Fund
_Designated Funds_
Fixed Asset Fund
Total Funds (previous year)
General Fund
**Designated Funds**
Fixed Asset Fund
Total Funds (current year)|_Balance_
_brought_
_forward_
_2019_
_£_
160,755
488
161,243
**Balance**
**brought**
**forward**
**2020**
**£**
142,947
366
143,313|_Transfers_
_between_
_Income_
_Expenditure_
_funds_
_£_
_£_
_£_
35,532
(53,462)
122
-
-
(122)
35,532
(53,462)
-
**Transfers**
**between**
**Income Expenditure**
**funds**
**£**
**£**
**£**
40,419
(44,712)
(2,153)
-
-
2,153
40,419
(44,712)
-|_Balance_
_carried_
_forward_
_2020_
_£_
142,947
366|
|---|---|---|---|
||||143,313|
||||**Balance**
**carried**
**forward**
**2021**
**£**
136,501
2,519|
||||139,020|
The notes on pages 12 to 25 form part of these financial statements
page 22
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **15. Restricted Funds**
|**Restricted Funds**||||||||
|---|---|---|---|---|---|---|---|
||_Balance_||||||_Balance_|
||_brought_|||_Transfers_|||_carried_|
||_forward_||||_between_|_Gains &_|_forward_|
||_2019_|_Income_|_Expenditure_||_funds_|_lossess_|_2020_|
|Creche|1,246|-|-||-|-|1,246|
|Healthy Adults|-|1,550|-||-|-|1,550|
|Henby Trust|-|2,000|(2,000)||-|-|-|
|Sefton CVS|-|5,455|-||-|-|5,455|
|Total Funds (previous year)|1,246|9,005|(2,000)||-|-|8,251|
||**Balance**||||||**Balance**|
||**brought**|||**Transfers**|||**carried**|
||**forward**||||**between**|**Gains &**|**forward**|
||**2020**|**Income **|**Expenditure**||**funds**|**lossess**|**2021**|
||**£**|**£**|**£**||**£**|**£**|**£**|
|Creche|1,246|-|(1,246)||-|-|-|
|Healthy Adults|1,550|-|(1,550)||-|-|-|
|Sefton CVS|5,455|-|(5,455)||-|-|-|
|Total Funds (current year)|8,251|-|(8,251)||-|-|-|
The notes on pages 12 to 25 form part of these financial statements
page 23
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **16. Analysis of Net Assets**
|_Previous year ended 31 March 2020_
_Unrestricted_
_Designated_
_Funds_
_Funds_
_£_
_£_
Fixed Assets
-
366
Current Assets
143,476
-
Current Liabilities
(530)
-
142,946
366
Current year ended 31 March 2021
**Unrestricted**
**Designated**
**Funds**
**Funds**
**£**
**£**
Fixed Assets
-
2,519
Current Assets
136,650
-
Current Liabilities
(152)
-
136,498
2,519|_Total_
_Funds_
_£_
366
151,728
(530)
151,564
**Totals**
**Funds**
**£**
2,519
136,650
(152)
139,017|
|---|---|
The notes on pages 12 to 25 form part of these financial statements
page 24
**Seaforth Information Network Group Notes to the Accounts (cont.) For the year ended 31 March 2021**
## **17. Comparative Statement of Financial Activities Information**
In order to comply with Financial Reporting Standard 102 which requires comparative information to be provided for all amounts, this note provides the necessary disclosure for comparative purposes of the Statement of Financial Activities for the year ended 31 March 2020.
|**Unrestricted**
**Restricted**
**Fund**
**Fund**
**£**
**£**
**Income**
Donations and legacies
10,753
9,005
Charitable activities
24,419
-
Investments
360
-
**Total income**
**35,532**
**9,005**
**Expenditure on**
Raising funds
-
2,000
Charitable activities
53,270
-
Other
192
-
**53,462**
**2,000**
**Net (expenditure)/income**
**(17,930)**
**7,005**
Other Recognised gains:
**Net movement in funds**
**(17,930)**
**7,005**|**Total**
**Funds**
**£**
19,758
24,419
360
**44,537**
-
55,270
192
**55,462**
**(10,925)**
**(10,925)**|
|---|---|
The notes on pages 12 to 25 form part of these financial statements
page 25