THE BATEMANS TRUST
Charity Number: 1072820
TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
THE BATEMANS TRUST
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2022
STATUS
Declaration of Trust dated 14[th] March 1998 as amended by deed dated 1[st] May 2000 as amended by deed dated 5[th] October 2011.
TRUSTEES
TRUSTEES Anne Desir (Chair) Jacqueline Cox Paul Crosby Alex Jacob Vinod Hallan Suzanne Kuyser Jemma Little Marion Mills Amanda Morris-Drake Natasha Nolte Michael Sewell Rebecca Sewell PRINCIPAL ADDRESS 27 Stocks Lane Steventon Abingdon Oxfordshire OX13 6SS PROFESSIONAL ADVISERS Bankers HSBC plc Princess House 33 High Street Shrewsbury Shropshire SY1 1SL
| Treasurer | Sophie Nottage |
|---|---|
| Independent Examiner | Olayinka Tomori ACA DChA |
| Longmeade Consult Ltd | |
| Regus House | |
| Victory Way | |
| Admirals Park | |
| Dartford | |
| DA2 6QD |
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THE BATEMANS TRUST
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present the financial statements for the year ended 31 March 2022. These have been prepared in accordance with the Charities Act 2011 and the 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) (second edition effective 1 January 2019) and comply with the charity’s Trust Deed.
OBJECTIVES
The charity’s objects are “to prevent or relieve poverty and advance the education of children under the age of 22 in Chennai, South India, by providing grants, items and services to communities and individuals in need”.
The charity aims to support and care for disadvantaged young people in and around Chennai, India. We help to advance the young people's educational attainment and maintain and improve their health and quality of life by providing safe and secure accommodation in Indian state-registered homes. We also support young adults in vocational training. Funds are raised from sponsors, grants, gifts and events.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisation
The charity is constituted as a Trust and it is governed by a Trust Deed dated 14[th] March 1998 with the latest amendment dated 5[th] October 2011.
Recruitment and appointment of Trustees
Trustees are elected by existing Trustees and are selected from those who already have a good knowledge of the work of the charity and preferably have spent time in India with the charity or have special skills and experience which will assist in the governance of the charity. The need for a range of skills within the Trustee body is a major consideration in Trustee selection. Specific areas of responsibility are agreed by the Trustees to spread the considerable amount of voluntary work. Maintenance of accounting records is carried out by an accountant on a pro bono basis.
Key management
The day-to-day activities of the charity are managed by the Trustees.
Partner charity
The Satkaarya Trust. This Trust, a sister charity to Batemans, is set up in line with the legislation in India and is authorised to receive funds from UK. It is working well and has its own Trustees and runs the activities in India on behalf of The Batemans Trust. Satkaarya reapplied for and was granted the renewal of its FCRA registration in May 2020.
Risks
Income from regular income streams continues to cover the needs of the charity’s day-to-day work in India, although the impact of COVID-19, rising costs in India and changes in exchange rates between the UK pound and Indian Rupee create uncertainty.
The screening of volunteers is vital and the trustees have ensured that adequate procedures are in place, particularly with regard to child protection. Policies and procedures were approved by the Charity Commission in 2009 and are regularly reviewed. The trustees take special care when accepting volunteers under 22 but when such volunteers are known to trustees they have been a great help. Experienced older people who can stay longer are usually more help in the day-to-day activities. During the year to March 2022 no volunteers or trustees visited Chennai, owing to COVID lockdown restrictions.
Our project manager Monica Augustine is key to the successful operation of most aspects of the work. Should she leave us, the charity would be vulnerable to a fall in standards and communication, which would require a replacement to be trained and monitored. However, some of the risk has been reduced by the fact that Monica’s deputy, Raghland Samuel, is highly influential and trustworthy.
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THE BATEMANS TRUST
TRUSTEES’ REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2022
Risks (continued)
Further to the purchase of land in March 2018 and July 2020, where we intend to build a new primary school and hostel, our project administrator has been working to obtain the necessary planning consents. Progress on applying for and obtaining the relevant permissions continued to be held up by COVID as the planning department in Chennai remained closed for much for the year and was not accepting new applications. In addition, the Trust is committed to carrying out the development of the building project in accordance with our ethical values and therefore the process for obtaining relevant permissions is slower than it might otherwise be. Since March 2022, good progress has been made in securing change of use for the land and we are assured by our Chennai-based architect that there is little more we can do to speed things up any further.
The COVID pandemic continued to cause some upheaval, with schools in Chennai shut down for part of the year. Staff continued with home learning and ensured all health and safety measures and precautions were followed by staff and children alike.
Finally, there is a continued potential reputational risk to the charity as a result of negative publicity about some charities that run residential operations abroad. Batemans firmly believes the best place for children to live is at home with their families and we emphasise in our publicity material that we only recommend children should stay in the stable, secure environment offered by our hostels when it is not possible for them to be at home. We also emphasise that our hostels are registered with the Chennai Child Welfare Board, and that the city’s social services team refer children to our hostels.
PUBLIC BENEFIT
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on Public Benefit when reviewing the charity’s aim and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
Summary of main activities for the public benefit
The Charity has very specific objects, which focus solely on the work in Chennai for which it was formed and constituted. To reduce the rising cost of rents and payment of the fees for mainstream schools, the Trustees need to have their own buildings, and to be able to use these to operate their own school. The new premises should generate income and thereby greatly reduce the dependence on charitable donations from the UK.
The percentage of cash spent on UK administration is less than 5% of the total raised.
The transmission of funds to India is made through the authorised “foreign contributions” arrangement for which the Charity has qualified. This has been achieved by creating a separate Indian sister charity called the Satkaarya Trust. Foreign contributions from The Batemans Trust in the UK go to the Satkaarya Trust in India and are fully accounted for and audited, and the details submitted for checking by the accountant. The Satkaarya expenditure includes the Open School and educational fees, hostel costs, rents, some salaries and outings and is checked by trustees in the UK and also by an auditor in India.
When travel is permitted, Trustees regularly spend time working with the charity and a number of students and young people have spent time working with the children and staff with great success. Volunteers are properly DBS-cleared with references and are self-funding.
REVIEW OF THE YEAR – PERFORMANCE AND ACHIEVEMENTS
Summary of main achievements during the year
The charity continues to be approved by the Chennai authorities and the city’s social services team continues to refer children in need to us. Outcomes for the children in our care are good both in terms of their emotional wellbeing and educational attainment. Young people from our care have secured places at higher and further education colleges and have obtained employment, which allows them to be financially independent. All children who took part in public examinations passed them, some achieving exceptional results. In addition, the team in Chennai prepared for the launch of an outreach project, using the charity’s land as a base to reach young children and their families in the area. A job description was created for the role of social worker and the recruitment process proved successful with the new appointee starting his role in summer 2022.
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TRUSTEES’ REPORT (continued)
THE BATEMANS TRUST
FOR THE YEAR ENDED 31 MARCH 2022
Summary of main achievements during the year (continued)
Finance : An exceptional year for fundraising, helped by a major legacy, ensured that revenues for the charity were the highest for a number of years. This, coupled with the fact that we did not pay as much on school and transport fees as we expected, meant that a healthy surplus was achieved during the year. Close financial control in India has been, and will continue to be, exercised without detriment to the young people’s care or education. And the trustees remain committed to ensuring that administrative spending in the UK should account for no more than around 5% of our total spending.All surplus funds were transferred into our deposit account to be used on future projects.
Oversight : Regular monthly reports to trustees are submitted by the project director Monica Augustine. Our chair of trustees, and other trustees, are also in regular contact with her.
Fundraising: The trustees know they have a duty to raise money for the charity, both for current running costs and to finance the development project.
Grand 100 fundraising campaign: Having raised enough money for the first phase of the building project, this campaign is currently on hold. We expect that it will be relaunched when more progress has been made on the building project.
Development project : An additional plot of land adjacent to the plot purchased in 2018 was bought in July 2020. This will allow the school and hostel/boarding house to be built on separate sites, which will significantly reduce planning issues and give increased flexibility as to how the school building can be used. Building work has yet to begin, as previously mentioned, but trustee Paul Crosby is working closely with architect Suhasini Ayer of Auroville Design to finalise plans and ensure they meet all national and local planning regulations. . Since March 2022, good progress has been made in achieving change of use for the land and we are assured by our Chennai-based architect that there is little more we can do to speed things up any further.
FINANCIAL REVIEW
There was a surplus of £49,508 (2021: £71,871 deficit) in the year. Income was £120,108 (2021: £84,864), the rise being stimulated by increased donations including a legacy of £25,000. Expenditure was £70,600 (2021: £156,735), the difference from the previous year mainly a result of the transfer of £98,000 to Satkaarya for the purchase of a property in 2020-21.
Reserves Policy
The total funds at the year-end was £93,306 (2021: £43,798) consisting of the designated retirement fund of £6,100 and £87,206 of unrestricted general funds (free reserves). The charity’s policy is to hold around £20,000 as free reserves (unrestricted general funds less net book value of fixed assets); a sum deemed by the trustees to be appropriate in the light of the commitments of the charity and other uncertainties. The additional funds will be utilised on the various projects being undertaken by the charity in India.
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THE BATEMANS TRUST
TRUSTEES’ REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2022
PLANS FOR FUTURE PERIODS
The Charity intends to continue raising funds in support of education and building projects in Chennai, India.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees of the charity to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies.
The Trustees are responsible for keeping proper accounting records which 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 Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and with the Trust Deed dated 14[th] March 1998 (and subsequent amendments). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Trustees on 17 December 2022.
Anne Desir Trustee
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE BATEMANS TRUST
I report to the charity Trustees on my examination of the accounts of the Batemans Trust for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity Trustees of the Trust 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 Trust’s 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Olayinka Tomori ACA DChA
20 December 2022
Longmeade Consult Ltd Regus House Victory Way, Admiral’s Park Kent, DA2 6QD
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THE BATEMANS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
| Total | Total | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Unrestricted | ||
| Notes | £ | £ | |
| Income and Endowments: | |||
| Donations and Legacies | 2 | 111,831 | 82,216 |
| Other Trading Activities | 3 | 8,272 | 2,607 |
| Investment Income (Bank Interest) | 5 | 41 | |
| ----------------- | ----------------- | ||
| Total Income and Endowments | 120,108 | 84,864 | |
| ----------------- | ----------------- | ||
| Expenditure on: | 4 | ||
| Raising Funds | 322 | 16 | |
| Charitable Activity | 70,278 | 156,719 | |
| ----------------- | ----------------- | ||
| Total Expenditure | 70,600 | 156,735 | |
| ------------------ | ------------------ | ||
| Net income/(expenditure) | 49,508 | (71,871) | |
| Reconciliation of funds: | |||
| Total fund brought forward | 43,798 | 115,669 | |
| --------------------- | --------------------- | ||
| Total funds carried forward | £93,306 | £43,798 | |
| ========== | ========== |
All amounts arise from continuing activities and there are no recognised gains or losses other than those shown above in the Statement of Financial Activities.
The comparative Statement of Financial Activities is shown in Note 10.
The accompanying notes form part of these financial statements.
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THE BATEMANS TRUST
BALANCE SHEET
AS AT 31 MARCH 2022
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| CURRENT ASSETS | |||||||
| Prepayments and accrued income | 11,303 | 11,427 | |||||
| Cash at bank and in hand | 88,403 | 38,171 | |||||
| ------------------- | ------------------- | ||||||
| 99,706 | 49,598 | ||||||
| CURRENT LIABILITIES | |||||||
| CREDITORS: Amounts falling due within | |||||||
| one year | (300) | (300) | |||||
| ------------------- | ------------------- | ||||||
| Net Current Assets | 99,406 | 49,298 | |||||
| Total Assets less Current Liabilities | |||||||
| Provision for liabilities | 5 | (6,100) | (5,500) | ||||
| ----------------------- | ----------------------- | ||||||
| TOTAL ASSETS | £93,306 | £43,798 | |||||
| =========== | =========== | ||||||
| FUNDS | 6 | ||||||
| Unrestricted Funds: | |||||||
| General Unrestricted Funds | 87,206 | 38,298 | |||||
| Designated unrestricted funds | 6,100 | 5,500 | |||||
| ----------------------- | ----------------------- | ||||||
| TOTAL FUNDS | £93,306 | £43,798 | |||||
| =========== | =========== |
Approved by the Board of Trustees and authorised for issue on 17 December 2022 and signed on their behalf:
Anne Desir Trustee
The accompanying notes form part of these financial statements.
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THE BATEMANS TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
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) (second edition effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity 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 notes.
Going Concern
The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts, including giving due consideration to the impact of the Covid-19 pandemic on the charity’s operations. The Trustees have made this assessment in respect of a period of one year from the date of approval of these accounts and have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern.
Income
Income recognised when receivable or when the charity becomes legally entitled to them and the value can be estimated with reasonable certainty.
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.
Costs of raising funds comprise the costs associated with attracting income and the costs of trading for fundraising purposes. Expenditure on charitable activities includes the costs of performances, exhibitions and other educational activities undertaken to further the purposes of the charity and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
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.
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.
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.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Designated unrestricted funds are funds committed by the trustees towards specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
Statement of cash flows
As a small charity, Bateman’s Trust is exempt from the requirement to produce a Statement of Cash Flows.
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THE BATEMANS TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
| 2. | DONATIONS AND LEGACIES | Unrestricted | Restricted | 2022 | 2021 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Gift Aid | 11,303 | - | 11,303 | 11,427 | |
| Grand 100 Campaign | - | - | - | 3,500 | |
| JustGiving | 15,028 | - | 15,028 | 14,437 | |
| C Lambourne donation | - | - | - | 8,000 | |
| Wren Hoskins-Abrahall | 3,000 | - | 3,000 | - | |
| Sponsorship income | 25,480 | - | 25,480 | 23,890 | |
| Tallow Chandlers | 5,000 | - | 5,000 | 5,000 | |
| The Giving Machine | - | - | - | 193 | |
| Wish List | 7,018 | - | 7,018 | 7,041 | |
| Legacy | 25,000 | - | 25,000 | - | |
| Other donations | 20,002 | - | 20,002 | 8,728 | |
| ----------------- | ----------------- | ----------------- | ----------------- | ||
| £111,831 | £ | £111,831 | £82,216 | ||
| ======== | ======== | ======== | ======== |
The legacy of £25,000 is from the estate of Mary Stark. Donations and legacies in the year ended 31 March 2022, included £70,716 of unrestricted funds and £11,500 of restricted funds.
| 3. | INCOME FROM OTHER TRADING ACTIVITIES | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Fund raising events: | |||
| Curry Lunch | 1,211 | 690 | |
| Other events | 7,061 | 1,917 | |
| ----------------- | ----------------- | ||
| £8,272 | £2,607 | ||
| ======== | ======== | ||
| 4. | EXPENDITURE | ||
| Total | Total | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Fund raising | 322 | 16 | |
| ---------------- | ---------------- | ||
| Charitable Activity: | |||
| Support costs | |||
| Bank charges | 132 | 233 | |
| Project Consultants’ costs | 12,711 | 10,488 | |
| Printing, postage and stationery | 957 | 826 | |
| Professional fees | 923 | - | |
| Independent Examination | 300 | 300 | |
| ---------------- | ---------------- | ||
| 15,023 | 11,847 | ||
| ---------------- | ---------------- | ||
| Donations | |||
| Satkaarya | 55,255 | 46,872 | |
| Satkaarya - Land/Property purchase and development | - | 98,000 | |
| ---------------- | ---------------- | ||
| 55,255 | 144,872 | ||
| ---------------- | ---------------- | ||
| Total Charitable Activity | 70,278 | 156,719 | |
| ---------------- | ---------------- | ||
| TOTAL EXPENDITURE | £70,600 | £156,735 | |
| ======== | ======== |
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THE BATEMANS TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
5. PROVISION FOR LIABILITIES
The charity has a constructive obligation to provide retirement benefits to consultants working on the projects supported by the charity in India. £6,100 (2021: £5,500) has been set aside for this purpose and the Trustees will revisit this provision on an annual basis. This obligation currently does not have a settlement date.
6. FUNDS
| FUNDS | |||||
|---|---|---|---|---|---|
| At 1 April | Transfers | At 31 March | |||
| 2021 | Income | Expenditure | and gains | 2022 | |
| £ | £ | £ | £ | £ | |
| Unrestricted Funds: | |||||
| General Fund | 38,298 | 120,108 | (70,600) | (600) | 87,206 |
| Designated Retirement Fund | 5,500 | - | - | 600 | 6,100 |
| -------------------- | ---------------- | ---------------- | ---------------- | -------------------- | |
| TOTAL FUNDS | £43,798 | £120,108 | £(70,600) | - | £93,306 |
| ========= | ======== | ======== | ======== | ========= |
Designated Retirement Fund – Funds set aside by the trustees to provide retirement benefits to consultants working on projects supported by the charity in India.
| Comparative Statement of Funds | (2021) | ||||
|---|---|---|---|---|---|
| At 1 April | Transfers | At 31 March | |||
| 2020 | Income | Expenditure | and gains | 2021 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds: | |||||
| Grand 100 Campaign | 8,503 | 3,500 | (12,003) | - | - |
| C Lambourne donation | - | 8,000 | (8,000) | - | - |
| Merit | 70,000 | - | (70,000) | - | - |
| -------------------- | ---------------- | ---------------- | ---------------- | -------------------- | |
| 78,503 | 11,500 | (90,003) | - | - | |
| -------------------- | ---------------- | ---------------- | ---------------- | -------------------- | |
| Unrestricted Funds: | |||||
| General Fund | 32,666 | 73,364 | (66,732) | (1,000) | 38,298 |
| Designated Retirement Fund | 4,500 | - | - | 1,000 | 5,500 |
| -------------------- | ---------------- | ---------------- | ---------------- | -------------------- | |
| 37,166 | 73,364 | (66,732) | - | 43,798 | |
| -------------------- | ---------------- | ---------------- | ---------------- | -------------------- | |
| -------------------- | ---------------- | ---------------- | ---------------- | -------------------- | |
| TOTAL FUNDS | £115,669 | £84,864 | £(156,735) | - | £43,798 |
| ========= | ======== | ======== | ======== | ========= |
The above funds are for the following purposes:
Grand 100 Campaign – Represents funds received towards the cost of the new building project in Chennai, India.
C Lambourne donation – A donation received to be used for the Trust’s building project in Chennai, India.
Merit - A corporate donation towards the Trust’s building project in Chennai, India.
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THE BATEMANS TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2022
7. ANALYSIS OF NET ASSETS BETWEEN FUNDS
All restricted funds are held as cash balances. The other net assets of the charity constitute the unrestricted general funds.
8. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES
The Trustees did not receive any remuneration or benefits in the current or preceding year for their role as Trustees.
No expenses (2021: £nil) were paid or reimbursed to any (2021: None) Trustee in the year.
9. COVID-19 PANDEMIC AND CHARITY OPERATIONS
The Trustees have considered the impact of the Covid-19 pandemic on the charity’s operations and on its ability to continue as a going concern. Due consideration has been given to assessing future income and expenditure including cash flow. Trustees believe that the level of reserves and flexibility of expenditure will ensure the charity will be able to continue in operational existence for the foreseeable future.
10. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES (31 MARCH 2021)
| Total | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | ||
| Notes | £ | £ | £ | |
| Income and Endowments: | ||||
| Donations and Legacies | 2 | 70,716 | 11,500 | 82,216 |
| Other Trading Activities | 3 | 2,607 | - | 2,607 |
| Investment Income (Bank Interest) | 41 | - | 41 | |
| ----------------- | ----------------- | ----------------- | ||
| Total Income and Endowments | 73,364 | 11,500 | 84,864 | |
| ----------------- | ----------------- | ----------------- | ||
| Expenditure on: | 4 | |||
| Raising Funds | 16 | - | 16 | |
| Charitable Activity | 66,716 | 90,003 | 156,719 | |
| ----------------- | ----------------- | ----------------- | ||
| Total Expenditure | 66,732 | 90,003 | 156,735 | |
| ------------------ | ------------------ | ------------------ | ||
| Net income/(expenditure) | 6,632 | (78,503) | (71,871) | |
| Reconciliation of funds: | ||||
| Total fund brought forward | 37,166 | 78,503 | 115,669 | |
| --------------------- | --------------------- | --------------------- | ||
| Total funds carried forward | £43,798 | £- | £43,798 | |
| ========== | ========== | ========== |
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