Inte link Action THE INTERLINK FOUNDATION (COMPANY LIMITED BY GUARANTEE) REPORT & CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ## **TABLE OF CONTENTS** ## **3** ## **18** Charity Details, Members of the Board and Professional Advisors Consolidated Balance Sheet ## **19** ## **4 - 12** Balance sheet Trustees Annual Report ## **20** ## **13-16** Independent Auditor's Report to the Members Consolidated Statement of Cash Flow ## **21-31** ## **17** Notes to the Financial Statements Statement of Financial Activities (Incorporating an Income and Expenditure Account) **2** ## **CHARITY DETAILS** ## **Registered Charity Name** Charity Registration Number Company Registration Number Country of Registration Country of Incorporation Registered Office and operational address ## **The Interlink Foundation** 1079311 3852756 England & Wales UK Fourth Floor Offices 97 Stamford Hill, London N16 5DN ## **TRUSTEES** Who are also directors under company law, who served during the year and up to the date of this report, were as follows: Mr J M Grosskopf (Chair) Mr A Schechter Rabbi J Baumgarten (Treasurer) Mrs S Schmerler Mr M Posen Mr NM Halpern **CHIEF EXECUTIVE** Mrs Chaya Spitz OBE **LONDON OFFICE** Fourth Floor Offices 97 Stamford Hill, London N16 5DN Tel: 020 8802 2469 Email: admin@interlink-foundation.org.uk ## **PROFESSIONAL ADVISORS** **Auditors** D Goldberg, FCA DChA Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU **Solicitors** Womble Bond Dickinson LLP 4 More London Riverside London SE1 2AU Rook Irwin Sweeney 107-111 Fleet Street London EC4A 2AB BLM 30 Fenchurch Street London EC3M 3BL **Bankers** Barclays Commercial Bank PO Box 9359 Leicester LE87 2AE **3** ## **TRUSTEES’ REPORT** The trustees have pleasure in presenting their Report and Financial Statements of the Charity for the year ended 31 March 2021. ## **STRUCTURE, GOVERNANCE AND OBJECTS** ## **History** The Interlink Foundation was initially founded as a charitable trust in 1993 to provide capacity building support to Orthodox Jewish community organisations. As services were developed and the charity was called upon to provide a voice for and leadership to the charities it served, trustees resolved to change to a membership structure. In 2000 a new charitable company The Interlink Foundation was established. ## **Our Legal Structure** Interlink is a registered charity and a company limited by guarantee. We are a membership organisation, with full membership open to Orthodox Jewish organisations that meet the criteria, and associate membership open to any organisation or individual that supports our goals and activities. Full members have the right to vote at general meetings and to nominate members for election to the board of trustees. ## **Role of our Board** Our Board of Trustees (the Board) has collective responsibility for everything we do, including legal responsibility to ensure that Interlink is properly controlled and managed. In carrying out their collective responsibility, our trustees: - Pursue our charitable objectives and use their powers in accordance with Interlink Foundation’s Memorandum and Articles of Association, other legal requirements and the principles of good governance. - Act in the best interest of the organisations and its charitable objectives. - Ensure that there are suitable financial controls and management, and that we are and will remain solvent. - Agree Interlink’s strategic plans and budgets, and monitor and evaluate our progress against planned objectives and financial targets. The Board meets regularly so that it can fulfil its role effectively. The Board delegates responsibility for operational management to the chief executive who leads the Interlink employees (‘the team’). Most of the organisation’s plans, policies and processes are developed by the chief executive along with relevant team members, with the Board’s advice and approval. ## **Committees** During the year, there were two active committees managing specific projects hosted by Interlink. The Chinuch UK Steering Group, established in 2018, has responsibility for all matters relating to the Chinuch UK programme, which supports and represents the network of Orthodox Jewish schools in England. The Chinuch UK Steering Group is comprised of representatives of Orthodox Jewish schools across England, along with one member of the Interlink Board of Trustees (Rabbi J Baumgarten). The Steering Group is chaired by Dr David Landau. Chinuch UK has now been **4** granted independent charitable status with the Charity Commission and from April 2021 has ceased to operate as a part of Interlink. A Public Affairs Committee, established in September 2019, is responsible for the development and delivery of a strategic communications strategy for the Orthodox Jewish (Charedi) community nationally. This committee is comprised of independent leaders of community organisations across England who have relevant experience for this work, along with one member of the Interlink Board of Trustees (Rabbi J Baumgarten). This project is now being branded as The Pinter Trust in memory of the late Rabbi Avrohom Pinter, who played an important ambassadorial role for the UK’s Charedi community until his sudden death from Covid in 2020. The Committee will continue to oversee this work. ## **Our Subsidiary Community Interest Company** Interlink has a wholly owned subsidiary, Interlink Community Services – ‘the CIC’- registered company number 7549428. The remit of the CIC is to secure and manage consortium-based contracts for services, delivered by our members. The CIC employs staff, and has contractual agreements with Interlink Foundation for any facilities or services it uses. The CIC’s annual accounts are consolidated into Interlink’s annual accounts. A decision has been taken to bring the contracts and grants that have historically rested within the CIC directly into the Interlink Foundation and to bring an end to the use of the subsidiary. ## **COMPOSITION OF THE BOARD** Trustees are elected by Interlink’s membership, with elections held each year by postal ballot prior to the Annual General Meeting. One third of the trustees retire and elections are held for the vacant places on the Board. Induction and training are provided for new trustees. None of the trustees is paid for services provided to the Charity. Trustees may be paid for expenses relating their governance role at Interlink. Expenses paid in any year to any individual trustee have not exceeded £250. The composition of the Board during 2020/21 was as follows: |**Trustee**|**Nominating Organisation**| |---|---| |Mr J M Grosskopf (Chair)|Ezra Umarpeh| |Rabbi J Baumgarten (Treasurer)|Machzikei Hadass| |Mr A Schechter|Beis Chinuch Lebonos Girls’ School| |Mr M Posen|Agudas Israel Community Services| |Mr N M Halpern|Interlink Northwest of England| |Mrs S Schmerler|Misgav| **5** ## **REVIEW OF ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE** The mission of The Interlink Foundation is to strengthen the Orthodox Jewish community by: - Upskilling and supporting community organisations - Bringing the voice of community organisations to policy and decision makers - Supporting the development of new services to meet community needs 2020-21 saw an intensification of activity, reflected in increased turnover. Alongside consistent demand and delivery of Interlink’s core services, we also continued to host Chinuch UK, which advocates for and supports the Orthodox Jewish school sector. ## **Covid-19** Covid 19 affected Interlink’s work throughout the year. The early part of the year was a time of significant adjustment to the way of working and to the substance of Interlink’s work. As the year progressed, the organisation adjusted itself to new ways of working. Key changes were: - Supporting frontline charities with their emergency Covid response and providing coordination. Over £300,000 was raised for Covid relief work and distributed via our member charities. - Collaboration and coordination with the range of public sector and community organisations on Covid-19 matters. This included community communications and emergency relief. - Working via the Chinuch UK programme to support schools to; understand the new guidance; make the shift to providing education remotely; provide continued on-site education to children of key workers and vulnerable children; and to grapple with viability issues and manage their finances during the school closure period. **6** **OUR PERFORMANCE AGAINST TARGETS FOR THE YEAR 2020/21 WAS AS FOLLOWS:** ||| |---|---| |**OUTPUT TARGETS 2020/21**|**HOW WE PERFORMED 2020/21**| ||| |Engage with 200 community organisations.
Provide development support to 100 organisations and training to
150 organisations.
Provide leadership to 5 consortia tenders or projects.
Work with local/central government on 10 issues of importance to
the Orthodox Jewish community, including health, education,
safeguarding, welfare and SEND.
Continue to develop community infrastructure (Chinuch UK) and
engage with 80 schools

Facilitate 6 strategy groups to enable good communication and co-
production between Orthodox Jewish voluntary sector and public
sector.
Work across communities and faiths to achieve common objectives
and foster good relations.
|We engaged with 234 member organisations in 2020/21.
134 organisations received development support, and 381
organisations (over 1000 individuals) participated in 38 training
sessions.
Over the year, Interlink led 5 project consortia, with a value over the
year of £374,969 and services delivered by 25 community
organisations.
Over the year, community advocacy and policy work were
undertaken, spanning a very wide range of issues, including:
Nationally
•
Covid 19, including emergency welfare response, faith
settings, engagement with test and trace, understanding
Covid guidance, vaccinations and community
communications.
•
Engagement in Census 2021
•
Covid and Education
London Boroughs of Hackney & Haringey
•
Safeguarding and child protection
•
Planning policy
•
Children’s therapy services
•
Children’s mental health services
•
SEND provision
•
Maternity provision
•
Child health and immunisations
Community cohesion and integration are cross-cutting themes
across our policy and advocacy work.
All 80 Orthodox Jewish (Charedi) schools in England have used
Chinuch UK services extensively. Chinuch UK served an essential
role during Covid and provided:
•
Phone and email advice services
•
Training
•
Legal services
•
Regulatory related emergency advice
•
Information bulletins
Due to Covid, Interlink’s strategy groups were not active in the usual
way during the year. We engaged extensively in the following
forums:
•
Hackney Early Years and Education groups
•
Regular engagement with Hackney and Haringey Council’s
Covid Public Health, Children’s Services and Comms.
•
Hackney Wellbeing and Mental Health in Schools
•
Stamford Hill Area Action Plan
•
Maternity Services (London hospitals and organisations
serving Orthodox Jewish communities)
•
Ministry for Housing, Communities and Local Government
Jewish Organisations Roundtables
•
Cabinet Office Covid Communications
Over 250 meetings took place over the course of the year.
We continued to work closely with other civil society organisations
in the infrastructure and faith sectors, to achieve common
objectives, including local initiatives such as the Stamford Hill Jewish
Christian Forum.
The infrastructure for a community leadership and communications
body, The Pinter Trust, was established.| ||| **7** |**OUTCOME TARGETS 2020/2021**|**HOW WE PERFORMED 2020/21**| |---|---| |Generate at least £1 million for community organisations and|
The narrow economic payback to the community of| |services.|Interlink’s activities over the year, excluding the value of| ||consortium activities, is calculated at £1,889,800. This| ||includes funds raised by organisations with the support of| ||Interlink’s charity support staff, Covid relief funds raised by| ||Interlink and passed on to community organisations, and| ||funds raised as a result of Interlink community advocacy.| |50 community organisations/charities raise their|We helped raise professional standards in 67 organisations,| |professional standards and/or develop new services.|including compliance with charity requirements, good| ||governance, employment and personnel matters, financial| ||management and other regulatory matters. (This excludes| ||the impact of Interlink training.)| |Generate £400,000 for members through participation in|Consortium contracts generated £374,969 for 25| |consortium tenders.|community charities, delivering a range of youth, holiday| ||activities, food aid and physical activities to people of all| ||ages, across England.| |Improve the policy environment for Charedi schools and|| |improve education provision and regulatory compliance at|Covid 19 brought into sharp relief the importance of Chinuch| |30 schools. Strategic communications work will improve|UK to the Charedi school sector. All 80 Charedi schools| |external relationships and understanding about the Charedi|used CUK’s school support services extensively, including| |community|regular virtual training, to keep up with the changing Covid| ||guidance and continue operating during Covid.| |Policy and campaign work leads to improved access to
services and resources and better policy for Interlink’s
members.|The emergency Covid response continued well into 2020-
21, and during the summer term the normal profile of
services gradually resumed, with a return to general
compliance support and advocacy.| ||Covid disrupted this project, and a further pause was taken| ||to build the community infrastructure to underpin the| ||strategic communications work. This project is now ready to| ||launch. It has now been branded The Pinter Trust, in| ||memory of the late Rabbi Avrohom Pinter, with strong| ||community leadership.| ||Policy, advocacy and partnership work was particularly| ||important during the challenging Covid months. Examples of| ||Covid related and other impacts were:| ||•
Kosher food-boxes co-produced by local authority| ||and community charities, delivered to vulnerable| ||isolating households| ||•
Holiday activities and food made accessible to| ||Charedi children in independent schools| ||•
Mental health support for Charedi children and| ||schools| ||•
Strong levels of vaccine take-up, through| ||partnerships between community and public sector| ||organisations| ||•
Award winning community Covid comms| ||•
Partnership work to promote census 2021| ||participation, and early evidence of strong| ||community engagement| ||•
Changed planning policy in Hackney reflecting the| ||needs of Charedi people.| **8** ## **Consultancy support provided 2020-21** **----- Start of picture text -----**
Monitoring/ Reporting/ Evaluation 30
Marketing and Publicity 28
Legal and Regulatory 143
HR 162
Governance and structure 82
Fundraising Support 296
Financial Management and Accounts 110
Compliance Support 28
Charitable Status 152
Other 17
Trainings provided 2020-21
Basic Safeguarding
6 [26]
Inner circle: Amount of sessions 153
Middle circle: Organisations trained DSL
Outer circle: Amount of individuals trained 6 [16] 25
256 50 First Aid
2 [2] 4 74
106
Covid
7 7
OF OUR
Education
33 USERS
7 6
127 3 Safeguarding Other RATED OUR
50 207 SERVICE AS
184 Wellbeing
EXCELLENT
62 Other
**----- End of picture text -----**
95% ## **Policy & Advocacy 2020-21** **----- Start of picture text -----**
33
22
33
9 11 15
13
4 1 3 17
3 3 2 7 13
2 2 3
3 7
1 2
1
**----- End of picture text -----**
**9** ## **OUR AIMS AND TARGETS FOR 2021-22** ## **OUTPUT TARGETS** Engage with 200 community organisations. Provide development support to 100 organisations and training to 150 organisations. Provide leadership to 5 consortia tenders or projects Work with local/central government on 10 issues of importance to the Orthodox Jewish community, including health, education, safeguarding, welfare and SEND. **OUTCOME TARGETS** Generate at least £1 million for community organisations and services. 50 community organisations will raise their professional standards and/or develop new services. Generate £400,000 for members through participation in consortium tenders Policy and campaign work leads to improved access to services and resources and better policy for Interlink’s members. Roll out Charedi strategic communications work Successfully spin off Chinuch UK, while continuing to provide transitional support. Strategic communications work will improve external relationships and understanding about the Charedi community Engage with public sector organisations and leaders through community visits, strategy groups and meetings. Work across communities and faiths to achieve common objectives and foster good relations. **10** ## **FINANCIAL REVIEW** The year saw a spike in Interlink’s turnover, mostly related to Covid related activity, with income increased to £1,345,962 (2020 £944,269). The charity acted as a funnel for Covid relief funds, which were passed on to frontline community organisations. No administrative costs were retained for Interlink. These funds were primarily provided by philanthropic foundations and are not expected to be repeated in future years. The year also saw substantial Chinuch UK activity, which will not recur in future years as Chinuch UK now operates independently of Interlink. The year ended with a surplus of £147,313. Interlink attracted healthy levels of grant funding, and income generated by trading education and consultancy services was also strong. Services in Salford were substantially underfunded, and the Trustees resolved to wind down the Salford based activities as an independent operation. Reduced turnover is anticipated for 2021-22, in view of the non-recurrence of Covid funding, the spin-off of Chinuch UK and the discontinuity of the Salford office. Financial goals for 2021-22 are to strengthen the core Interlink operations, including building trading of education and consultancy services. ## **RESERVES POLICY** The trustees aim to hold free realisable reserves equal to at least 3 months, but no more than 12 months, running costs, in order to protect services when there are uncertainties as to whether funding will continue and to ensure adequate cashflow for the organisation’s needs. As at 31 March 2021, the organisation’s reserves (net current unrestricted assets) available for ongoing core activities (excluding C.I.C. activities) were £405,114, which remain equal to 6.7 months core running costs. The trustees are satisfied that this is a reasonable level of reserves and consistent with the reserves policy. However, the trustees remain concerned about debtor management. Over half of net current assets are in the form of debtors, mostly committed funding income that is paid in arrears. Delays in drawing these funds may cause cash levels to dip, and the trustees continue to aim for improvements in debtor management. ## **RISK MANAGEMENT** The charity produces a risk register that sets out the operational and strategic risks to which the charity is exposed, and how these risks are managed and controlled. This has been adjusted to account for Covid-19 risks. There is a process for internal audit which provides checks that controls are working effectively and that risk is managed in a proportionate way. Internal audit arrives at ratings for each area of risk management and identifies actions for improvement where appropriate. ## **PUBLIC BENEFIT** In planning activities for the year, the trustees took due heed of the Charity Commission’s guidance on the requirement to provide public benefit, as well as the requirements of the Equalities Act 2010. Trustees and staff undergo periodic training in both these areas. The trustees are confident that the focus on the Orthodox Jewish community complies with all relevant legislation and guidance. Additionally, much of the organisation’s work is for the wider benefit, for example the **11** inter-faith work and cr05s-community voluntary sector partnership work. Some of the charity's work is considered exemplary. and influences services to the wider public and other communities. RESPONSIBILITIES OF THE TRUSTEES The Irustees (who are also the directors for the purpose5 of company law) are responsible for preparing the Trustees Annual Report and the financial ￿ateMentS in accordance with applicable law and United Kingdom Accovnting Siandards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitablè company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for thal period. In preparing these *inancial statements, the trustees are required to.. select 5Ultable accounting policies and then èpply them consistently: observe the methods and principles in the Charities SORP- make judgements and estimates thal are reasonable and prudent.. state whether applicable UIC Accounting Standards have been followed, 5ubjecl to any material departures disclosed and explained in the financial statements., prepare the financial statem¢nt5 on the going concern basis unless it is inappropriate lo presvme that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees ale also responsible for safeguarding the assets of the haritable company and hence for laking reasonable steps for ihe prevention and detection of fraud and other irregularities. AUDITOR Cohen Arnold are deemed to be re-appointed under section 487(2) of the CoTnpanies Act 2006. Each of the persons who is a trLSStee at the date of approval of this report confirms that= 50 far as each trustee is aware, there is no relevant audit information of which ihe charily's auditor is unaware- and each trustee has taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to Companies entitled to the small companie5 exemption. By order of t ard l Bau garten Governor 22 December 2021 12 **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTERLINK FOUNDATION** ## FOR THE YEAR ENDED 31 MARCH 2021 ## **Opinion** We have audited the financial statements of Interlink Foundation (the "parent charitable company") and its subsidiaries (the "group") for the year ended 31 March 2021 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Parent Company Balance Sheets and related notes, including a summary of significant accounting policies. The Financial Reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS102 the Financial reporting Standard applicable in the UK and Republic of Ireland. In our opinion, the consolidated financial statements: - Give a true and fair view of the state of the group's and the parent charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, included its income and expenditure for the year then ended; - Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - Have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: - The trustees' use of the going concern basis of accounting in the preparation of the consolidated financial statements is not appropriate; or - The trustees' have not disclosed in the consolidated financial statements any identified material uncertainties that may cast significant doubt about the group's or the parent charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the consolidated financial statements are authorised for issue. **13** ## **Other information** The other information comprises the information included in the trustees' annual report, other than the consolidated financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the consolidated financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the consolidated financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - The information given in the trustees' report for financial year for which the consolidated financial statements are prepared is consistent with the consolidated financial statements; and - The trustees' report has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - Adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or - The parent charitable company's consolidated financial statements are not in agreement with the accounting records and returns; or - Certain disclosures of trustees' remuneration specified by law are not made; or - We have not received all the information and explanations we require for our audit. - The trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the trustees' annual report and take advantage of the small companies exemption from the requirement to prepare a strategic report. ## **Responsibilities of trustees** As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the consolidated financial statements and for being satisfied that they give a true and fair view, and for such **14** internal control as the trustees determine is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, the trustees are responsible for assessing the group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the group or the parent charitable company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the consolidated financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. **15** We communicate with those charged with governance regarding. among oiher malters. the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report 15 made solely to ihe group's trustees, as a body. in accordance wilh Chapter 3 of Part 16 of the Companiès Act 2006. Our audit work has been undertaken so that we might slate to the group's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the group and the group's trustees as a body. for our avdit work. for this report. or for the opinions we have formed. OLDBERG (Senior Statutory Auditor) For and on behalf ofr. COHEN ARNOLD Chartered Accountants & Sialutory Auditor New Burlington House 1075 Finchley Road LONDON NWII OPU 22 December 2021 Cohen Arnold is eligible to act as an Auditor in teTms of Section 1212 of the Companies Act 2006 16 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 (incorporating an income and expenditure account) Unrestricted Funds Restrlcted Funds Total Funds 2021 1 Unrestricted Restrlcted Fund5 Funds Total Funds 2020 Notes INCOME FROM Donatlons & lega¢les 54,309 54309 ': 27,703 27.703 Charitable Aclivitles Support to organi58tions Pollcy and publK sector partnershlp Interllnk cornmun￿ Servlces C.l.C. 73,307 145,075 151,717 42.599 194,316 21.565 526,670 548.235 39,897 112.467 472,990 512,887 115,675 206,912 0.000 322,587 96,549 209.016 Other Comrnunity Servlces 2,000 ixooo .: 50,zio j Z39 Other 50,210 Investments 239 304 304 Total Income 317,305 1,028,657 1,345.962 332,088 612.138 944.226 EXPENDITURE ON Raising FuAds Charitable actlvltles 7,453 7,453 7,252 7,252 Supportto organisations Policy and publlc sector partner5hlp Inteilink Communlty Service5 C.l.C. Other Community Services Total expendlture 70,307 145,075 215,382_ 174,025 42,599 216.624 352 512,902 513,254 -: 39,897 447,352 487,249 105,648 206,912 311560=: 108,692 96.549 205,241 150,000 183.760 1,014.889 1.198.649-. 329.866 586,500 916,366 Net income before transfer 133,545 13,768 147,313 _ 2,222 25,638 27,860 Transler between lund$ Net IrKome foT year 133,545 13.768 147.313 . 2.222 25,638 27.860 Reconciliation of funds Total funds brought lorward Total lunds carrled forward 336.005 25.638 361,643 333,783 333,783 469.550 39,406 508.956 336.005 25,638 361,643 All the above results are derived from conlinving activities. There were no other recognised gains of losses other than those stated above. Movement in funds are disclosed in Note 15 to the financTal stalements. 17 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021 2021 zozi 2020 2020 Note5 FIXED A55ETS Taneible assets io 61,908 68.643 CURRENT ASSETS Debtor5 li 322,Z97 359,193 Cash at bank and In hand 184,798 130,087 507,095 489,280 LIABILITIES Creditors.. amount5 falling due within one year 12 60,046 196,280 Net current assets 447,048 293,WO Total assets less current Ilabllltles 508,956 361.643 Net Assets 13 508,956 361.643 FUNDS Restrlcted Incorne funds 39,406 25,638 Unrestricted incotne funds 469,550 336.005 Total Charlty Funds 14 508.956 361,643 These financial statements were approved by ihe members ofthe committee on the 22nd December 2021 and are signed on their b by.. l Baumgar Governor en JM Gr05skopf Governor Company Registration Number.. 3852756 18 BALANCE SHEET AS AT 31 MARCH 2021 2021 2021 2020 2020 Notes FIXED ASSETS Tangible assets io 61,908 68,643 CURRENT ASSETS Debtors li 322,169 168,212 359,193 119.311 Cash at bank and in hand 490,381 478,504 LIABILITIES Creditors.. amounts falling due withln one year Net current assets 12 56,280 192,974 434,101 285,530 Total assets less current liabilities 496,009 354,173 Net Assets 13 496,009 354.173 FUNDS Restrlcted Income funds Unrestrlrted Income funds 39,406 456,603 25,638 328,535 Total Charlty Funds 14 496,009 354,173 These financial December 20 tements were approved by the members of the committee on the 22nd are Signed on their behalf by. JBau garlen Governor JM r05skopf Governor Company Registration Number.. 3852756 19 ## **CONSOLIDATED STATEMENT OF CASH FLOWS** YEAR ENDED 31 MARCH 2021 |**CASH FLOWS FROM OPERATING ACTIVITIES**|**2021**
2020
**£**
£| |---|---| ||| |Net income
_Adjustmentsfor:_|**147,313**
27,860| |Bank Interest receivable
Depreciation
Disposal of Fixed Assets
_Changes in:_|**(239)**
(304)
**8,465**
16,104
12,450| |Trade and other debtors
Trade and other creditors|**36,896**
(136,921)
**(136,232)**
91,556| |Cash generated from operations|**56,202**
10,745| ||| |Interest received|**239**
304| ||| |Net cash from operating activities|**56,441**
11,049| |**CASH FLOWS FROM INVESTING ACTIVITIES**|| |Purchase of Fixed Assets|**(1,730)**
(6,668)| ||| |Net cash from investing activities|**(1,730)**
(6,668)| |**NET INCREASE IN CASH AND CASH EQUIVALENTS**|**54,711**
4,381| |**CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR**|**130,087**
125,706| |**CASH AND CASH EQUIVALENTS AT END OF YEAR**|**184,798**
130,087| **20** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **1. ACCOUNTING POLICIES** GENERAL INFORMATION The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 4th Floor Offices, 97 Stamford Hill, London, N16 5DN. ## STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', 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) (Charities SORP (FRS 102)) and the Companies Act 2006. ## BASIS OF PREPARATION The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, rounded to the nearest whole pound which is the functional currency of the entity. ## CONSOLIDATION The consolidated financial statements incorporate the financial statements of the charity and of Interlink Community Services CIC, a company limited by guarantee of which Interlink Foundation has full control. Their financial statements are made up to the same date as this charity 31 March 2021. ## GOING CONCERN The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. ## INCOME Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that 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 grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. ## INTEREST RECEIVABLE 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. ## FUND ACCOUNTING Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. **21** Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. ## 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: - Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose - Expenditure on charitable activities includes the costs of activities and services undertaken to further the purposes of the charity and their associated support costs - Other expenditure represents those items not falling into any other heading ## ALLOCATION OF SUPPORT COSTS Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function (support costs), is apportioned on the following basis which are an estimate, based on the use by each activity of staff time or other overhead costs, of the amount attributable to each activity. |•|Support to organisations|31%| |---|---|---| |•|Policy and public sector partnerships|49%| |•|Support costs|19%| |•|Raising Funds|1%| Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff, of the amount attributable to each activity. |•|Support to organisations|43%| |---|---|---| |•|Policy and public sector partnerships|57%| Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. A detailed breakdown of support costs and their allocation to each activity is provided in Note 6. ## OPERATING LEASES Rental charges are charged on a straight line basis over the term of the lease. ## 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 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. Cash balances exclude any funds held on behalf of service users. ## 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 **22** obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## FINANCIAL INSTRUMENTS The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2. INCOME FROM DONATIONS & LEGACIES** |**2. INCOME FROM DONATIONS & LEGACIES**|| |---|---| |**London**|Unrestricted
Funds
Restricted
Funds
**2021**
2020
£
£
**£**
£| ||| |Shoresh Charitable Trust|5,983
**5,983**
6,983| |Aberdeen Foundation|25,000
**25,000**
20,000| |Other donations|23,231
**23,231**
190| |**Manchester**|| |Other donations|100
**100**
530| ||**54,314**
**54,314**
27,703| ## **3. INCOME FROM CHARITABLE ACTIVITIES** |**SUPPORT TO ORGANISATIONS**|Unrestricted
Funds
Restricted
Funds
**2021**
2020
£
£
**£**
£| |---|---| |**Community building**
**London**|| |Rental income|14,036
**14,036**
17,852| |CST|12,172
**12,172**
-| |**Manchester**|| |Rent & SC income|30,369
**30,369**
40,030| |CST|2,440
**2,440**
4,190| |**Other support to organisations**
**London**|| |City Bridge Trust|50,000
**50,000**
25,000| |Sport England - Active Ageing|21,601
**21,601**
17,599| |Comic Relief - Changing Minds|14,457
**14,457**
-| |Membership fees|4,977
**4,977**
5,326| |Education & Training|6,763
**6,763**
9,503| |Consultancy|60,346
**60,346**
63,733| |**Manchester**|| |Membership fees|1,221
**1,221**
1,134| |Education & Training|**-**
9,949| ||**73,307**
**145,075**
**218,382**
194,316| **23** ## **3. INCOME FROM CHARITABLE ACTIVITIES CONT.** |**POLICY & PUBLIC SECTOR PARTNERSHIP**|Unrestricted
Funds
Restricted
Funds
**2021**
2020
£
£
**£**
£| |---|---| |**London**|| |Maurice Wohl Charitable Foundation|70,000
**70,000**
70,000| |Delapage Ltd|70,000
**70,000**
69,200| |LB Hackney|35,000
**35,000**
35,000| |LB Hackney (WAMHS)|32,300
**32,300**
29,790| |LB Hackney (Strategic Safeguarding Project)|**-**
10,000| |LB Hackney (Covid 19 Emergency Grant)|22,500
**22,500**
-| |LB Haringey (SEND)|5,000
**5,000**
5,000| |London Community Response Fund|44,007
**44,007**
-| |Trust for London|30,000
**30,000**
15,000| |JUMP (Mother's Health Support Project)|**-**
2,000| |Education & Training|7,557
**7,557**
7,117| |**Chinuch UK**|| |Delapage Ltd|**-**
150,000| |CUK Grants|161,110
**161,110**
72,000| |Contributions from Schools|43,005
**43,005**
21,977| |Education & Training|6,068
**6,068**
5,723| |Consultancy|2,940
**2,940**
80| |**Manchester**|| |LB Hackney (Strategic Safeguarding Project)|**-**
10,000| |**North West London**|| |Delapage Ltd|8,748
**8,748**
-| |LB Barnet|10,000
**10,000**
10,000| |**INTERLINK COMMUNITY SERVICES C.I.C**|**21,565**
**526,670**
**548,235**
512,887| ||| ||Unrestricted
Funds
Restricted
Funds
**2021**
2020
£
£
**£**
£| |Comic Relief - Changing Minds|115,627
**115,627**
-| |Hackney Learning Trust - Adult Learning Contract|**-**
8,932| |LB Hackney - Young Hackney Contract|112,000
**112,000**
100,000| |Sport England - Active Ageing|91,285
**91,285**
96,549| |Reimbursement of expenses|3,675
**3,675**
3,535| |**OTHER COMMUNITY SERVICES - COVID EMERGENCY GRANTS**|**115,675**
**206,912**
**322,587**
209,016| ||| ||Unrestricted
Funds
Restricted
Funds
**2021**
2020
£
£
**£**
£| |Delapage Ltd|75,000
**75,000**
-| |Rothschild Foundation|42,000
**42,000**
-| |Maurice Wohl CF|35,000
**35,000**
-| ||**152,000**
**152,000**
-| **24** ## **4. OTHER** |**4. OTHER**|| |---|---| |**JOB RETENTION SCHEME**|Unrestricted
Funds
Restricted
Funds
**2021**
2020
£
£
**£**
£| |**London**|35,985
**35,985**
-| |**Manchester**|11,305
**11,305**
-| |**Interlink Community Services CIC**|2,920
**2,920**
-| ||**50,210**
**50,210**
-| ||| ## **5. INCOME FROM INVESTMENTS** |**BANK INTEREST**|Unrestricted
Funds
Restricted
Funds
**2021**
2020
£
£
**£**
£| |---|---| |**London**|235
**235**
276| |**Manchester**|3
**3**
53| |**NW London**|1
**1**
18| ||**239**
**239**
336| **25** ## **6. ANALYSIS OF EXPENDITURE** ||**RAISING**|**SUPPORT**|**TO ORGANISATIONS**|**TO ORGANISATIONS**|**POLICY & PUBLIC SECTOR**|**POLICY & PUBLIC SECTOR**|**INTERLINK**|**OTHER**|**GOVERNANCE**|**SUPPORT**|**2021**|**2020**| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||**FUNDS**||||**PARTNERSHIPS**||**COMMUNITY**|**COMMUNITY**|**COSTS**|**COSTS**||| ||||||||**SERVICES CIC**|**SERVICES**||||| |||COMMUNITY|CONSULTANCY|& TRAINING||||||||| |||BUILDING||||||||||| ||||London|Manchester|London|Manchester||||||| ||£|£|£|£|£|£|£|£|£|£|**£**|£| |**Direct Expenditure**||||||||||||| |Staffing Costs|6,656||71,590|9,522|264,205|3,406|32,240|||55,087|**442,705**|444,266| |Premises costs|519|20,533|16,094|4,642|41,894|899||||22,036|**106,617**|88,187| |Office running costs|278||8,616|2,039|24,132|833|176|||5,281|**41,354**|47,882| |Staff Development & Training|||859||1,139||||||**1,998**|6,941| |Publicity|||2,821||21,641|||||1,881|**26,343**|19,214| |Training & events|||1,906|12|8,689|5||||1,271|**11,882**|33,803| |Legal & professional fees||535|15,974|5,624|56,441|2,297|612|||11,662|**93,145**|54,368| |Accountancy & audit fees|||||||1,840||8,400||**10,240**|11,415| |Project Costs|||||6,490||||||**6,490**|23,110| |Grants|||||11,850|||150,000|||**161,850**|-| |Other expenses|||1,836|21|3,552|9||||1,224|**6,643**|1,591| |Capital depreciation||277|1,143|5,069|2,369|2,070||||762|**11,690**|15,111| |Subcontracted services|||||||277,692||||**277,692**|170,478| |**Total Expenditure**|7,453|21,345|120,839|26,929|442,401|9,519|312,560|150,000|8,400|99,204|**1,198,649**|916,366| |**Total Expenditure**|**7,453**|||**169,113**||**451,920**|**312,560**|**150,000**|**8,400**|**99,204**|**1,198,649**|916,366| **26** 6. AMALYSIS OF EXPEMDITURE COMT. RAISING FUN05 SUPPORTTO ORGA141SATIONS poucY& puBuc SÉCTOR PARTP4ERSHIPS INTERUNK COMMUNrrY SÉRVICES ac oniER COMMUNrrY SERVICE5 60VERNANCE COSTS SUPPORTC05f5 2020 Support Costs 5t3ffin8 Costs 23,687 31,4(M) 1$5,0871 Premise5 Costs 9.475 12,560 122,0351 Office costs 2,271 3,010 15,2811 11,2701 111.6631 13,1051 Tralnin8 & Everts Le8al & professional 546 724 5,015 6,648 Otherc05ts 1,335 1,770 328 434 17621 Governance Costs 3,612 4,788 18,4(W)I Total Support & Go¥èmar*e Costs 46,270 61.334 107,604 Totalexpendiiure 2021 -1lncludingsup.port costsl Total expenOiture21JZO 7,453 513,251 311S60 11. 1150 '£11.0.. &198,649 7,152 216,624 487.249 205,241 916366 27 ## **7. NET INCOME FOR THE YEAR** |**This is stated after charging:**|**2021**
2020
**£**
£| |---|---| |Depreciation|**8,465**
15,111| |Auditors’ remuneration (excluding VAT)|**8,500**
9,513| |Operating lease rental on building|**43,750**
43,750| ## **8. ANALYSIS OF STAFF COSTS, STAFF NUMBERS, TRUSTEES REMUNERATION & EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL** |**Total staff costs were as follows:**|**2021**
2020
**£**
£| |---|---| |Salaries & wages|**272,535**
260,652| |NI (er)|**21,113**
16,729| |Pension (er)|**3,074**
2,626| |**Staff numbers**
The average number of employees during the year were as follows:
(head count based on number of staff employed)|**296,722**
280,007| ||| ||**2021**
2020
**no.**
no.| |Full time staff|**2**
2| |Part time staff|**21**
19| |**Total number of staff**|**23**
21| No employee received remuneration of more than £60,000 during the year (2020 - £nil). The total employee benefits (including pension contributions and employer’s national insurance) of the key management personnel were £52,836 (2020 - £69,022). The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2020 - £nil). No charity trustee received payment for professional or other services supplied to the charity (2020 - £nil). None of the trustees were reimbursed for any expenses during the year (2020-£nil) ## **9. RELATED PARTY TRANSACTIONS** There are no related party transactions to disclose for 2021 (2020 - £nil). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. ## **10. TAXATION** The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. **28** ## **11. TANGIBLE FIXED ASSETS** Consolidated and charity Equipment and furniture |**COST**|**£**| |---|---| |At 1 April 2020|**236,862**| |Additions|**1,730**| |**At 31 March 2021**|**238,592**| |**DEPRECIATION**|| |At 1 April 2020|**168,219**| |Charge for the year|**8,465**| |**At 31 March 2021**|**176,684**| |**NET BOOK VALUE**|| |At 31 March 2021|**61,908**| |At 31 March 2020|**68,643**| All of the above assets are used for charitable purposes. ## **12. DEBTORS** |**Consolidated**|**2021**
2020
**£**
£| |---|---| |Fees or grants receivable|**98,702**
121,551| |Prepayments|**1,494**
11,817| |Accrued income|**222,101**
225,825| |**Charity**|**322,297**
359,193| ||| ||**2021**
2020
**£**
£| |Fees or grants receivable|**98,877**
121,551| |Prepayments|**1,494**
11,817| |Accrued income|**221,798**
225,825| ||**322,169**
359,193| ||| Fees and grants receivable includes sums due for the year and invoiced for but not yet received. During the year, funds committed by Hackney Council for Wellbeing and Mental Health in Schools (WAMHS) were invoiced by Interlink but were only received later in 2021. Small debtors for consultancy and training services are also included in this amount. Accrued income includes monies, mostly grants, due for activity during the year, and not yet paid. The main accrual in this category is for funding commitments for Chinuch UK. It also includes a grant payment from City Bridge Trust which was paid late, and an amount committed by Hackney Council for safeguarding work. **29** ## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**Consolidated**|**2021**
2020
**£**
£| |---|---| |Deferred income|**3,092**
5,000| |Accruals|**26,788**
122,483| |Accounts payable|**17,783**
38,199| |Payroll liabilities|**(4,230)**
9,589| |Sinking Fund Deposit|**16,615**
21,009| |**Charity**|**60,048**
196,280| ||| ||**2021**
2020
**£**
£| |Deferred income|**3,092**
5,000| |Accruals|**24,988**
120,683| |Accounts payable|**15,533**
36,399| |Payroll liabilities|**(3,948)**
9,883| |Sinking Fund Deposit|**16,615**
21,009| ||**56,280**
192,974| ## **14a. ANALYSIS OF NET ASSETS BETWEEN FUNDS (current year)** |**Consolidated**|General unrestricted
funds
Restricted funds
**Total funds**
£
£
**£**| |---|---| |Tangible fixed assets|61,908
**61,908**| |Current assets|467,690
39,406
**507,096**| |Current liabilities|(60,048)
**(60,048)**| |**Net assets at 31 March 2021**|**469,550**
**39,406**
**508,956**| ## **14b. ANALYSIS OF NET ASSETS BETWEEN FUNDS (prior year)** |General unrestricted
funds
Restricted
funds
**Consolidated**
£
£|**Total funds**| |---|---| ||| ||**£**| |Tangible fixed assets
68,643|**68,643**| |Current assets
463,642
25,638|**489,280**| |Current liabilities
(196,280)|**(196,280)**| |**Net assets at 31 March 2020**
336,005
25,638|**361,643**| **30** ## **15a. MOVEMENT IN FUNDS (current year)** |**Consolidated**|At 1 April 2020
Income
Expenditure
Transfers
**At 31 March**
**2021**
£
£
£
£
**£**| |---|---| |Restricted funds|25,638
1,028,657
(1,014,889)
**39,406**| |Unrestricted funds|336,005
317,305
(183,760)
**469,550**| |**Total Funds**|**361,643**
**1,345,962**
**(1,198,649)**
**508,956**| ## **15b. MOVEMENT IN FUNDS (prior year)** |**Consolidated**|At 1 April 2019
Income
Expenditure
Transfers
**At 31 March 2020**
£
£
£
£
**£**| |---|---| |Restricted funds|612,138
(586,500)
**25,638**| |Unrestricted funds|333,783
332,088
(329,866)
**336,005**| |Total Funds|333,783
944,226
(916,366)
**361,643**| ## **16. OPERATING LEASE COMMITMENTS** The total future minimum lease payments under non-cancellable operating leases are as follows: ||**2021**
2020
**£**
£| |---|---| |Not later than 1 year|**43,750**
43,750| |Later than 1 year and not later than 5 years|**175,000**
175,000| |Later than 5 years|**21,902**
65,652| ||**240,652**
284,402| ## **17. LEGAL STATUS OF THE CHARITY** The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. **31**