kEGisfERED CHAftTh NUMPER: 1081937 REPORT OF THE TRVSTtfS AND VINANCIAL STATEMENTS FOI TrIE YEAI ENDED 31 MARCH 2021 RAAIGARMIA 8OARD IIIICESlelt l LEICESTERSHIRE) RAMGAIHIA BOAQD ILECE51ER & LE￿EsTERsHIRE) COPfftNTS OF THE FINANCIAL STATEMENTS The Year Endens [1￿1 Aidl decreased bv £1￿3.3￿2. In oddition Ihere w05 ncorre from the hire of Ih8 holl during Ihe yeor IX)20- £170.11131. 11 is Ihe policy ol lh• cl￿rity thot urYeslrict8d lunds. %thch ts)v8 rKsl been de5ignoled for o spgcific usè. Shou￿ be fr￿in1￿1ned ol 018vel equiva￿1 to one yeo¢s exp8ndilure. The bJ5tees con%¢Jer t￿1 reserves ol thi5 ￿ve1 will ensure Ihot in Ihe èvenl ol o sigrificanl clrop in lundiry they wl be obb to conliwe Ihe ctwvs e￿sting ochvities v4hile considtsrolic>n 1$ given to WQVs in which o¢Yditionol lunds froy be roi4ed. At Ihe eThJ ol the financial year. ￿ free ieswves 0voil0b￿ were £7.164 corrpored wlh £742.165 0131 Morch 2020. FUILIftE PIANS The Gvfv4oro projecl tsfltr on iniliol sel bock dve 10 Ihe iN¥)oclol Cov￿]9. incr•0￿r*￿ rr#Jlerial costs ond lerm￿n0￿C*n ol the conlrocl wilh the moin cgntroclor. Iho (yoiecl is bock on track. A ￿traCtOr hos been oppoinled ond Ihe complel•n is scheduled lor September ￿2? STRLICTURE. GOVERNANCE ANO mANAG￿ENT Go¥•rnln9 do¢vm•nt Tne choriTy wos eslODlished by o choriloble trvst deed on 20 05 omendod on 23 Juty XW. R•eruNm•nl ond gppolnlm•ftt ol n•w fruslws Iruslccs ole oppoinled once Ihcy hovo been nO￿￿ted by mertjery ond Ihe congegolion ol he charity. The ch¢yiIy. il necessory. wil oppoinl Iru51ees by e￿IN)n Irwough o balbl il rThye I￿)n one rr*nt>w is ￿rThDa1ed. New trvslees ore 1ndL￿ted and Iroined by eXp￿enCed 8￿￿tin9 Irustee5 including tho Piwdenl. Gewal Secfelory and Treasurer. The c￿rity 15 hoadeo bv the Ronwtho 8ooi¢J (L￿Ce$l￿ & Lete$tw￿81 ond operale5 o numbw r>1 sub-pr4ac15 wtmch inclvde o tenwe. community centre. senior ohzens cbJb, social yslws cijb. puniots school and 5p¢xting oclivities club. Deci￿OnS on Ihe doy-lo-¢Yoy IvnniThJ of the charity or• token tyy comrThJn consensus ol Ihe wnogemenl commillee In occordance with Ihe c0nstihj￿on. The Irus188s have o55e55ed Ihe mjor fi5k5 lo which Ihe C￿bfy is exposed. ond are sotisf*d Ihot systems are in pbce lo ryiligole exposur& lo lh8 r￿jor ri5k5. FUNDS NEID AS CUSTODIAN KIR OTHE Cu5todion trvslees ale r8sponyblB l¢y sole kee￿ng ol Ihe fveehokl ond tyuiK1ings ol chorify. Custodlan Trvslws Dr H S Viidee A S Honspol J S MOlhOIU M S VKcJee Ire5igned 18 Aprl lJ191 S S Honspol GSBohr STAIEMENT OF TRU5TEES' IE5PONSlblLmES The Iruslee5 ore re&ponsibk lor preponng Ihe Rewl ol Ihe Vrustee5 ond the fin(wKiol stotemenls in occcydunce Mqth opplic0b￿ and Unite¢ Kingdom AccounSn9 Stondord5 (United Kingdom Genwoly Accepted Ac¢ounting Proctscel. P(79e 3 IAAIGARHIA WAIID ILEICESTEI & lE￿EsTERSHIllEI REPORT OF nlE TrU5TEES w The Yeaw Emded 31 Mtsreh 2021 STATEMENT OF TRUSTEES. IESPON51BILmES- conlknv•d The low opplicable lo chorilies in Engkjnd ond WOÈS. the Chorities Act 2011. Charity IAccounts ond Reportsl Regulotions 2W8 the provisions ol Ihe t￿51 deed rÈquKes the frv%tw to yepore fiTh)nc￿l 5toternents for eoch finoncul yeor whrh give o true cjno fair view ol the state ol afra￿ of the ctruty ona ol Ihe incoTTrrvJ re50LKce5 ond applicotion of resources. inelucling the income expenditure. ol the chority lo¢ thoi pwiod. In prep¢ying Ihose fU￿n¢101 Slotements. Ihe tru51ee5 ore required to sde¢l svilob* 0¢¢Ovnh￿ poti¢￿ ond then apdy them ¢on%islenty. observe ffte melhods ond principles in the Chtjrity SORP.. moke judgements ond estimote5 tholoie reaso￿￿￿ ond prudenl: ilole whelher opp4cobLe occounling sloThJaids ￿)ve been foknwed. S(￿JeCt lo ony molerfol deportLffes dlsckjsed ond expbined in the finonciol 5toiemÈnts.. prepoie the firKJnc￿l slolements on Iha goiro concem bosi5 il ts irKJppropriole lo rygsum$ Ihol the chofity wll continue in bJsine5S. The trvslees ore responwtye lor keeping wper ￿c￿nting recryds thch dtsch)5e with reosorMib* occuracy ol ony time the linoncial position of Ihe charity ond to enab￿ I￿rn lo en5LKe fftal fiTrJncol stolem8n15 corrply wilh Ihe ChafiN8s Act 2011. the Chority IAccoun15 ond Rep(KLs1 RegthlK>n5 2CO8 ar￿ the wovisKy15 01 Ihe tru51 deed. They ore obo re5ponsibb lor 5afegJoiding Ihe os5ets of ctsJity ond tr￿ce fc* toking reasonab￿ 5tep5 Iho prevenlion ond deltsctitsn ¢)f Irou1 ony moleriol vncwlolnli8s rel2ting lo events or condition5 Ihol. individLoHy Of co1￿c￿Vely. ryvjy c051 5ynificonl doubt on Ihe charity's obihty lo conhwe 0$ o goino concwn lor o p￿10d of ol le051 fv4efve ￿nthS trom when the fmonciol stotements (xe ovtWseo lor issv?. Our rwponsibilitie5 and Ih? respo￿t￿lI1?$ of the frvstees wlh respecl to going concetn ore described in the ielevonl sechons ol lfvis repoii. Other In1￿m￿lIan ihe Iru51ees are iesponsitje for inlorrThJksn. Ih? olhw finI￿rro￿On corrpri5es me ¢nlorrr￿ti0n Included in the Annual Peport, olhei financial stolefftsnts and ow Reptyl ol th8 Independenl Audittys thefeon. Our opinlon on Ihe finonciol stolernents ¢YOe5 nol cover 11)e other inforNw)tion ond. exceot lo Ihe extent 01he￿i$￿ exp￿¢[MY sialed in wr r•porl. we Llo nol expres5 ony f¢ym ol osstmonce conclus¢on lh￿e0n. In connèclon wilh our audil ol The 5tOlemenis. our iesF)ongtxfity is to reod Ihe other in1orm0￿Qn tsnd. In dolng so. consider whether the other inlormotion is ma1￿￿j1￿ incon￿sIent h"nonciol slotements or knowledge obloined in the oudit or olherwbse Opp￿15 lo be t￿le￿a￿V ny5sloled. 11 we identily such mteriol inconyslencie5 or upporenl I￿le￿oI iss1o1eN￿nts. we ole feqvired lo delerrTrne whelher IIMS gves rw lo o rrolwiol rri55101ement in the firnonciol 51tstÈments themselves. 11. bosed on Ihe work we hove pw10r￿£I. we concknde Ihot Ihwe is o r￿t￿la1 miss￿1￿ment ol this offter Infumation. we ole reqvirecj to rep￿1 tt￿1 focl. We hove noihirvJ lo rewt in this iegora. Mull•ts on wNch w• oi• i•quk•d lo t•wl by •xc•pkn We hove nolhng lo ieporl in respect of the f¢knMrwa ftx)tl¥s lts C￿n￿¥S (ACc¢)￿ts ond Reprxtsl Regub2tion5 2W8 reqvwe5 U5 to Tep(wt to yw if. in our opinion.. the infoTmation given in Ihe Report ol the Truslee5 i5 inc¢ny51efil in ony Th￿1￿1￿1 respeciwlh Ihe finoncl¢Y sto18N￿nIs'. iy 5ulficienl occounthng ie¢tsTd5 hove nol been kepl-. r the finonciol slolernents ¢ye not in oweementwim) Ihe occounhng re¢(xds onu rehxns.. we hove nol Teceived oll the in10rr￿￿0n 0￿j exphjnotions we requ¥e owaudil. Il•sponslb4W•s ¢4 frui1• As expbined morÈ luKy In Ihe 51olement ol Trustees. ReSpOn￿bI￿￿e5. Ihe IrLt5tees ore responsib￿ the prepoiotion ol Ihe finoncigl sloiements which 9ve o frue onLI loir vw4. orKI fLW such inlernol control 0$ the truslees detrermine is ne¢esstsry to enable Ihe preparation ol fin¢3n¢iol stoterr*nts t1￿10re tree fvom ￿￿t￿l01 ffisstotemenl. whethw due lo floud or error. In preporing the financiol siotÈments. Ihe truslee5 ore responsible for 05s8s5ing Ihe choriV5 obility lo continue 05 0 going concwn. dtibsing. os 0pp1c0b￿. nKtter5 rebled to cO￿￿n onLI vyng Ihe going concern bosis ol occounting unless the trustees eilher intend lo WuKlotÈ the chority or to ce(J5e owoknrts. or hove no reoastic allemotive bul to do so. Poge 5 RFORI OFIHE INDEPENDEFif AUDiroitS TO nie ThUSFW OF RAMGARHIA bOAttD {18CESTEQ & LEICESIEItSHIRE) Ow r•spOThsN￿ll￿ for lh¢ audll c4the ￿0￿CIal slalements Wè hovÈ been oppoinled as oudil¢ys under section 144 of Ihe CFMJities Act 2)1 l ¢JnLI rep¢yt in oc¢ordon¢e wth Ihe Act ond rekvonl regulotions rnoae OT hoving eflecl Iheieunder. Our objectives ore lo obloin ie050Th714e 055worre otx)ut WTr￿1her the firKJnool 51alemen15 os o Who￿ orè frè8 trom matéri01 rrMssiolemÈnl. whethw due lo froud or effor. ond to i55ue o ftep¢￿ ol the IndepenLlenl Audito￿ Ihot includes our opirmon. R&osonobk osswonce 15 ¢J Pmgh ￿Ve1 ol o55wonce. t)vl LE noi o guoronieè t￿1 tsn oudil conducted in accordonce with ISAS IUKI wil atrway5 deletl o ￿￿terial nisstoteffEnl ¥then Il e￿Sts. Misslolements con orise from fraud or dyror ond are considered [r￿le￿oI if. individually or In It* oggegole. they co￿3 reosorK)bly be expecled to ￿fhJence Ihe e¢onomi¢ d8¢isions ol us8rs token on ltte bays of these finoncKJI 510len￿nts. Irregubrlties. incknding froud. ore inslonce5 of non)bi¢)ry froMewo￿$ thol orè apptob￿ to chorify ond determined Ihol Ihe rnosl 5ignificont fromeworks whi¢h ore direcNy r@￿VanI to specilic ossertions in Ihe finonciol stalemenls are Ih05e that reble lo Ihts rewtino from8WOrt ond Ihe fe￿OnI lax conp&arreregukJtr)n5 in the UK. We under51ood how the ehorily is Corkp￿Thg wlh m05e from8works by mking enqv¥ie5 of monogemerit onol Ihose responsi￿6 loi and corrtince procedLKes. vitr c¢yfob¢foied eNU￿e$ l+Yovah discvssions wilh IhosÈ chtsrgad wilh govwnonce. We ossess Ihe su5Cep*b￿ty ol the ch¢￿ty,$ fir¥Jnciol slotemen15 to rrotwol rrYsslotem&nl. In¢￿41n9 how froud migttl occur. by discusgon wilh trorn vorfous parfs of Ihe bu&n855 to undw51ond whwe Ihey eon5ioleTea thwa wos o susceplityth'ty to Irovd. W& congdwed Me proce(Jw8s ond controts lY￿t Ihe chorily hos eslobfished to yevenl ond dèl8cI fraud. ond how these are n￿nitored by A￿T￿geMent. ond otso ony en￿)nCed iisk foclof5 wch 05 peflormonce lorgets. Bosed on our under51ondiTrJ. wo de5vJned ow oudil ￿0C￿￿￿e$ lo idenhly ony non.conwlionce with bjws and regubhons IcJenti118d in the poroorophs otvv¢. We also pertorTh￿d ovdil WLYk over the risk of rrKJnogemenl ovemde ol conlrob. inchjding leslng of jownol entTies ond other odjv51ments l¢* opNopriolengss. ev0￿0h￿a bvsine55 rotionolo of swificont transoctions oulsi¢Je Ihe noimrjl course ol business and r&viewing occountirp e5tsrryJt05 1(* knos. Becovse ol Ihe inherenl Irrdlotion5 01 on ovdil. Inere 15 0 risk tst we vdl noi d8lecl ol iffewhJritie5. i￿lUd￿n9 those thding lo a molerial rrisstalemenl in Ihe Thnonciol slolements u noTrconw&once ￿1h rewkjhon. Tths Fisk increase5 Ihe rYK>re Ihot complionce wilh o ltsw or re￿￿h"on is ierwved from the events oTrY tron50elions rellecied Ihe finonciol slolemenls. os we will bè ltrss Ikely lo b8coThe owore ol in51(Jn¢es of rnnriWs ITuslee5 Os o body. ICY our ou(lil work. for this reporl. or for the opinK>ns we hove formed. Fortus Audit LLP Chorlered Accovnlants & Slatul(xy Avdik Eligble to ocl 05 on ovditor in 015ec15on 1212 of Ihe CornpaTre5 Acl 31 High View C￿se Horrillon Oflice Pork Leice51er LeiCe51e￿h LE4 9LJ Dale.. 15.02.2022 Poge 6 RAMGMHIA BOARD ILBCESTEI & LEICESYUSHIIE) STATEMENf OF FINANCIAI AcnvmES Fw The Ywy Ended 31 Mwch 2021 2020 Total funds Urwe5tricted fund Re51ricted fund Tot funds Nots INCOME AMD ENDOWMENT5 FROM Donolion5 and ￿9￿cleS r41.084 10.ni 231 B65 335.247 Chorllgbl• 143.593 36.783 2,372 Sole ol lickels ond Sermor Citizen Cijb Sporting octivilies 11.778 11.898 Olher trading activities InvÈslrrEnl incom8 Other income 42.C(KJ 87 51.068 42.CLQ 87 51.068 38.237 97 452,915 T*)tol 314.359 12.559 336.918 I,(YJ9.244 ExPEND￿VRE ON Roising lund5 117.050 Cb¢]rftobl• ocYvHI•s 35.257 8.393 6.936 63.528 35.257 16.652 6.936 63.528 123.020 25.?63 Sgle tsl Ii¢k*ls ond sor￿¢¥ Citizen ¢￿b GovemaK8 Mortgoge inieresi 8.259 37.138 Total 2)5.275 8.25P 213.534 314,347 NEf INCOME i(r•.084 123.384 694,897 Tiqnilws b•lwwn fvnds 19 14.Y)) N•t rnov•rn•nt sn fvnds IfJ.384 ITJ.384 694,897 RECONCIIIATION OF FUNDS Tolal lunds broughl lonv(¥d 4.243.726 4.243.726 3.548.829 TOTAL FUNDS CAl￿ED FOItWAID 4.367.110 4.367.110 4.243.726 The notes fom of ttEse fi￿[￿1￿ 5tolements Poge 7 RAMGARHIA BOAID ILaCEmk ¢ LMcesTERSHIIEI BAiANCE SHEEr 31 hloich ￿27 2020 FIXED ASSEf5 Tongible o55ets 12 6.686.297 4.?94.￿? CU*RENT ASSETS Debtors Cosh ol bonk ond in hond 13 48.180 272.384 58.716 890.885 ).504 949,001 cItEDSTORS Amounts loling dve wllhin one yec¥ 14 I313.4￿J) 1207.1361 NEI CURRENT ASSETS 7.164 742.465 TOTAI ASSETS LESS CiIWIIIENT UABILIIIES 6.693.461 5.737.C04 CREDITORS Amounls loling olter more Ihon ore yeor 15 12.326.3511 11.493.278) NET AS5EfS 4.367.110 4.243.726 FLINDS dnre51ricled funds 19 4.367.110 4.243,726 TOTAL IVNDS 4.367.110 4.243,726 Th8 Ilnoncial slateFnen15 were opr*oved bv Ihe BooTd of Tru51985 ar*J ou1￿3•d for i55v• on 10 Fet)wory 2(r22 ond wore $1on6a on its behow by: 1?aF￿￿￿ I S Panesar- Pre5idenl- Twslee K S Sowo- Secrelory- Iwsiee S S Pon&sor- Treosww- IDJslee The note5 f(¥m port ol IFEse firKJncid 51atements Poge 8 IAIAGARHIA BOARD (LEICESTEII & iEICESTERSHIItEI CASH FLOW STATEMENT The Yetsr tmded 31 Morch 2ry20 Notes Cgsh Ilows Wrom operolSry adN•Ios Cosh generated from opefoIIon5 Inlérèsi poid 256.227 63.528 126.603 40.610 Nel c05h yovided by operolirKJ och"vities 192.699 85.993 Cosh from Inv•sIk￿ ocll Purchuse ol longible fixecj 0$5815 SO￿ of tongibl8 fixed 05sets Interest rec&ved 11.7ts6.7031 11.161.3851 831.258 97 87 N&1 cash used in inve5ling octivili6S 1.706.616) 330.0301 Cwh fr¢Jm nnanclnq od¥lll•J N8w loans in yeoT Loan repoymenls in yeor 9rM).369 4.gS3 1.493.278 375.4441 Nel cosh provided by linonciryd oclfvimes 895.416 Chong• In cosh ¢axh •qulvol•nts lft lh• r•portlng p*lod Cash ond cosh •qulvol•nts ullh• b•4nAkng ol lh• i•porMng p•rlod 1618.X>l I 873.197 17.088 Cosh ond ¢oih equlvol•nts ollh• •nd ol lh• r•p¢)rtlng pwlod 272.384 890.885 Jhe notes lom port of tFE5e finoncid stotements Page 9 RAMGARHIA 1SOAItD (IEICEsfEIt & LE￿ESTERsHI1Ej NOTES 10 THE CASH FIOW STATEMENr For The Yeaw Ended 31 Mtsrch ))21 kECONCIIIATION OF NEI INCOME 10 NEI CASH FLOW FIOAI OPEIATING ACTiviriEs Net Incom• tOF th• r•pullng wk>d {as per Ihe Slol•m•nt d Fknanck 123.384 694.897 Adjustments for. Deoreciokon chorge5 Profil on disp(>5010l 0ss815 Interest réceived Inlwesl poid Decrwse in aeblors Incre(Jselldecreosel in cre(likns 14.945 I7,￿5 1452.9151 &3.528 lo.￿6 43.921 40.610 53.714 Y26.911 c￿￿ pr•¥ld•d by *Jp•roll¢>ns 256.227 126.603 AIIALYSIS OF CIIANGIS IN NET DEIT Al 1.4.20 Cash Ilow At 31.3.21 N•t eoifv Cash cjl bank ond in hrJnd 618.501 272.384 618.5011 272,384 Débt Deb15 laling due wilb￿ l yec¥ Debts lolino due oflw l yeor 162.3431 833.073 162.3431 12.326.351 11.493.278 11.493.278 895.410 12.388.6941 Tolul 2.393 11.513.917 The notes lom of these finoncid slotements Poge 10 RAMGAR K)AID {LEICÈSTEtt & LEICESTERSIIIRÉI NOTES 70 THE FINANCIAI STATEMEN For The Yew Ended 31 M￿ch 2021 ACCOV14TING P0k￿lEs Basls ol wepgrfng the fflnaneknl 51¢knertts The linonciol 51otements ol the charily. wtueh ￿ O PL*>lc benÈfil entity under FRS 102. htsvè been prepored in occordance witn Ihe Chorities SORP IFRS 1021 'Accwnting and Reporting b¥ Charities.. Stotement ol Recommended Prochce opplcob* lo chorilies preparing they accounts in occorclonce wth the Finonciol Reporting Sloncloicl in IhÈ UK ond RepvbSt ol Ireknnd (FR5 1021 lÈflective l Jonuory 20191.. Finonciol Reporting Skondord 102 Financiol Rep¢Nlmg Slondord appScots* In th8 UK ond Repvbbc ol Irelond, and the Choriti&s Act 2011. The linorriol slalem8nts hove b08n kyepared vrvjer th8 Ib5toricol cost convention. Incom• ond •ndowm•nts Voluntary income Inc￿dIng donotions. gifts. ￿9)CleS or%J gonts thol provide core fundiry or are ol o generol nolvre Is ieeognised In the Slolerr*nl ol FiTh7nciol Aclivihes once Ihe ch￿ty has entiffiemenl to the lund5. it Pfoboble Ihal Ihe incorne will be re¢￿Ved ond Ihe orTY)vnl con bts Mea￿￿e(l rel"tsbty. Donolh)ns and1•9ocI•s Oonalon5 ond legJcie5 are 1•co￿Lse0 on o QCs*voble bo￿ wP*n fec•DI ts proty)ts￿ ond the omunt con be relobty rneoswed. GM old In¢orring resovrces Irom trjx reckirrts are inckttJed in Ihe Staterrent of Finonciol Activihes ol the some ￿me 0$ th Gyfl to Wr￿Ch Ihey rekJle. GotMmm•nlgrants Govemmenl gron15 rekJlin9 To Iho c¢x0￿vN￿s Job Reitrnth'on 5ch•m8 rKogntse¢J in Incomg in the pwiod in which il be¢om&s r¢¢w¥obk undw Ihe Perf￿￿￿2￿Ce ffod¢l. Exp•ndllw• LiobililiÈs or& r&cognis8d os 8XP8Th#ilure 05 soofb os oi ¢onsfrv¢tive oblootion ¢omrrMllirKJ the choriiy lo Ihol expen4ihJe. it 15 prOb0b￿ 11)ol o tronslw ol &conc*rriC t)enefits wll b& reovired In setMem8nl ond Ihe ornunl ol the obhgahon Con be meosLffed re%obty. ExperMJilLYe occounted lor on on occruols b0515 ond hos been cbsylied undef heodings Ihol ag￿egot8 ol cos1 rekjled lo the cule£¥)ry. Whwe COSL% corn￿1 be directly oltribuled lo par￿CulOr headirp5 Ihey have been 0￿Coled 10 oclivilies on o bo￿$ conslslent wilh the use ol resources. Rolslng fvnd¥ Fhe5e ore cosls incuryed in omrocting vokntw the mfio9effent ol ffiveslments orxj those incuryl In Iro¢Jing acThvih"es Ihol f015e lun¢Js. ChtsrMob￿ ocll¥M•s ctKJriloble expendi￿re conwrises Ihose cosls I￿￿rea by Ihe chadty in Ihe delvery of Its activitie5 ané swviees tor 115 benelicioFie5. It includes bolh cosls thot con bg ¢*xoted direchy lo such octivities and those costs 01 an indirect nolure necessoiy lo svpporl Ihem. Gov*nane• These InckJLle the costs ottribvloo* to Ihe ¢￿￿ty.$ coftvso￿e ￿1h constitvtioThil ond slabjtory requirement5. inC￿oing oudit. slrofeg¢ rrKJnogement ancl I￿￿le&S.5 meetiry and rwrrt)ur5ed expenses. support colts Support costs incknde central lunctiorfj and ￿7Vts been Olkxoted to Octivity cosl colegories on o basi5 Con￿stent WI￿ the use of resow¢es. lor exonwle. tJ*xotffig propwty costs by ore05. or pw copilo. 51off costs by the time 5pentond olhw costs by Ihei usoge. T￿n￿b￿￿ flx•d oss*ls Depreciolion is provicted ol fokJwiThJ omuol rotes in (¥dw to write oft eoch asset over its estin)Jted useful Ife. Freeho￿ property FiX￿￿e5. lilhng5 ond eQ￿prr￿I rK>l provKleLI 15% on reducing bak)￿e Toxatlon The choTity is exempl fvom tox on Its Ch￿ta￿le octivilie fund occourthng Unrestricted funds con be used in occordon¢ewth ChorTlob￿ objecfives tst the discretion of the truslÈÈs. RÈstricled funds con only be v5ed for poiti¢vkJr re5fvT¢ted purposes wmin Ihe objects ol Ihe chority. Restrictions 011se when 5petifEd by IhÈdonor ¢xwhen luThYs ore ioised frx poflicvkJ resthcled pupose5. Pogell continued... IAMGARHIA IOARD ILEICESTER & LEICESTERSHIRE) NOTES 10 IHE FINAtr•CIAL STATEMENTS. Conllnued F￿Tre Yeaw Ertdtd 31 M<*th 2021 ACCOVNTING POIICIES- conllnved Fynd occounlh Fuilher ex&￿[￿10￿ of the notLKe ond rxmpose ol eoch 15 in Ihe ncite5 to Ihe finonciol stotements. Hke purehaie looslng commStments Renlats paiLI uncler operahng leoses ote chorged to ts Stotement of An(rtial Activihes ￿ a 5tr0ighl line ts0515 over Ihe tsl the leos&. The trustees Considw Ihol thwe are ￿ rrwjl*I￿ uncertoknttas about the C￿ri￿s to confnue as o wing concern. Th8 Iruslee5 tbove cortsKJwed the irrpoct of cow￿)? in retyJtion to th•r a55e55rnent of ￿)Ing c¢)ncern anLI iri their opinion hove token oll reowThJblè steps to rrihgole I￿￿ factots. AS ol thè point ol outhoris1￿ the occounls, ond lor th& f¢Yesee0b￿ hJhff&. Ihe Iruslees con9d￿ Ihe goMYJ concem ossumph'on lo stil be 0pprO￿late. The Iru5tees ocknovdedge thol given the cL￿ren￿V rO￿￿fy Chowing b￿neSs an¢J 50cioI envyonment. there ole likely to be 5igniliconl unknown lacloF5 wh¢h r￿>V present 1heff6e￿eS. Such lociors or• conwdwed by the Irvstees lo represenl a genefal Inherent levd ol r￿k in Feljtion lo Ihe tsxNry Co￿8M oswlY)A ob&t r￿1 quantifiobb ¢Jt thts time. BOItROW114GS Inlere51-beorino borrowings ore inith.oly recorded ol low v¢*Je, n&1 of fransoction ¢osts. Inlwesl-beonng borrowings Ofe subseqv8nlly comed ol an￿rtiSed c051. Wilh dillerence belween Ihe FKoce8d5. net ol tronsoction costs. ¢Jn lh8 omount due on re(J8fr¢)tion bthn9 r•cwised 0$ o chorge to th• ovw ItK8 pwitid of Ihe relevont b¢yrowing. Inleresl expense ￿ r8cognts80 on the basis of the effeclive Vllsyest melhod ortd is nickjded in inleresl poyoble ond 5imibr charges. 8crfrowros are ¢bssif*d 0$ c￿￿)f U￿ Ihe hos on unco￿11￿0￿ rf9hl to defw setllemenl ol Ihe ￿0>1￿1¥ lor ol leost ￿efve rr¢)nlh5 of*er Ihe rewtiry ￿)fe. DONATIONS AND LEGACIES 21 2020 Donotions GIR old 181.076 41.789 285.7x1 49.497 231.865 335.247 OTHEI TRADING ACTlVtIlE5 21 2020 Rents recdved 42.0 38.237 INVESTMENT INCOME 2020 Depo￿1 accounl inlere51 87 97 Page 12 Continued... RAMGAAIIIA BOARD ILBCESTEWI & LEICESIERSHIREI NOTES TO THE FINANCIAL STATEMENTS- eonlknued The Yeor EnsJ•d 31 Morch 2021 INCOME FROM CIIARtfA3IE AcnvmES 3)21 2ry20 Achvity Hol fwe ol Sole ol tickets ond Senicrf Citizen Club Sporhn9 gclivities 143.593 SO￿ ol tickets ond Ser¥or Ciliien Cbjb Sporhng oc*"vihes 11.898 36.783 2,372 11.898 182.748 RAISING FLINOS Itohlnq n A¢coLsntoncy ond legjl fees 4.2(J) 7.076 1.936 6.936 11.276 i*uMtES' kEMUNEIAnoN AND beMEFtIs There were no Irvslee5' Femvnerohon ¢y olhw b￿&fits Ihe Ya(w ande(1 31 March 3)21 nor Tor year en(led 31 March 2020. Tiuilws'•Xp•n￿* There were no tru5tees' expenses POitJ for Ihe Ywr eTh8ed 31 Morch 2021 nor lty Ihe vear enLle(131 Morch 202). io. STAFF COSTS 2020 Wogos and 50k)rie5 13.915 19.927 13,915 19.927 The overagts rt￿nIhIY of effybyees tknng Ihe veorwas 0510kn¥s'. 2020 Adninistrotion Gia No enpby8e5 wecwved erTxYuments in gxc85s of Wjml. COMPAifATIVES fOR THE 5TAIEAIENT OF FINANCIAI ACTNMES Vnreslricted Ivnd Restrfcted fund Total funds INCOME AND EWDOWMENIS FROAI DoDotions ond legocie5 256.414 78.833 335.247 Charfjlabkn *Jcll¥lM•¥ Hol hire Sole ol h"ckets ond sen1(￿ Ciliien C Sporing oetivities 143.593 X).447 2.372 143.593 36.783 2,372 6.336 other troding oetivities Investrnenl 1ncory incomè 38.TJ7 97 452.915 38.237 97 452.915 Totol 4.075 85.169 l.W9.244 Poge 14 continued... kAMGAkHIA BOARD ILBCESTEII & LEICESTERSHIRE) NOTES TO TNE FINAMCIAI STATEMENTS . eoTrllnu•d Fry The Énd•Y20 4B96.483 98.056 4.994.539 Poge 15 continued... RMIGAIIHIA BOARD ILBCEsfEI & LEICESTERSHIRE) NOTES TO TNE FINANCIAI STATEMENT5- conllnv•d For Th• Yeor Ende