Annual Report and Financial Statements for the Year Ended 31 March 2022
Living Rock Trust
Charity registration number: 1082876
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
LIVING ROCK TRUST
CONTENTS (CONTINUED)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Cash Flow Statement | 9 |
| Notes to the Financial Statements | 10 to 18 |
LIVING ROCK TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Christopher Alton Richard Knapp Kathryn Boden Sadie Batstone
Charity Registration 1082876 Number
Principal Office Station Road Stoney Stanton Leicestershire LE9 4LU Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers Barclays Bank plc Town Hall Square Leicester Leicestershire LE1 9AA
Page 1
LIVING ROCK TRUST
TRUSTEES' REPORT
The Trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2022.
Structure, governance and management
Nature of governing document
Living Rock Trust is a registered charity, number 1082876, and is constituted under a Trust deed.
Recruitment and appointment of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Induction and training of trustees
Induction of Trustees is the responsibility of the appointed Chair of Trustees, who is currently also a Pastor of the Church.
Organisational structure
Trustees are responsible for controlling the work, management and administration of the charity and its assets on behalf of its beneficiaries. Policies, procedures and legal compliance are the responsibility of the Trustees. Salaries and contracts are also the responsibility of Trustees who meet annually in the form of a remuneration committee. Trustees are appointed by fellow Trustees and are selected based on specific skills and experience and comply with the Church’s statement of faith. Trustees do not receive payment for their role as a Trustee and are also members of the Church.
The spiritual activities of the Church are delivered by the Pastors of the Church, with some of these Pastors receiving payments from the Trust to support them in their Ministry and so they are available to the Church members and to develop teaching.
Trustees follow guidance from the Charity Commission to ensure that the Trust is compliant with the principles of Charitable purpose and public benefit.
Risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 2
LIVING ROCK TRUST
TRUSTEES' REPORT (CONTINUED)
Objectives and activities
Objects and aims
The charity supports the activities of Living Rock Church, a church promoting the Christian Gospel with congregations meeting across Leicestershire, Warwickshire and Staffordshire. The objects of the charity are:
(a) The proclamation and furtherance of the gospel of God concerning his Son, Jesus Christ Our Lord and the preaching and teaching of the Christian faith.
(b) The relief of persons who are in conditions of need, hardship and distress, or who are aged or sick.
To further its aims the Church has regular Church Meetings and events which are open to the public and provides training and encouragement to members and associated Churches.
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Review of activities
The Church which the Trust supports continues to grow and now meets across three locations - Stoney Stanton, Market Harborough and Atherstone.
The Trust owns a building which has a 500 capacity auditorium used for Sunday gatherings and other meetings, smaller meeting rooms, and offices hosting the administration of the Trust. The building is also used for Community outreach activities.
C Alton, R Jones, S Russell, R Pemberton, P Chapman, W Lyon and M Shuter continue as Pastors of the church across the three locations. Market Harborough and Atherstone congregations meet regularly in rented buildings.
The Church currently serves 316 people who are regarded as members. A further 111 people visit the Church and are regarded as regular visitors. Additionally there are 80 people in Youth (11 - 18s) and 136 children (0-11s).
In order to deliver Pastoral support the congregation is encouraged to join Life Groups which are led by other Church members and are overseen by Pastors. These Groups generally meet in homes in the community. Additionally Alpha and Marriage courses have been regularly delivered, available to the local community.
To support the congregation and associated Churches significant investment has been made in media facilities to share teaching and communicate more effectively with members. This includes the development of an LRC Grow app which provides online access to resources.
Page 3
LIVING ROCK TRUST
TRUSTEES' REPORT (CONTINUED)
Long term plans include giving more autonomy to congregations, ultimately investing in buildings where congregation growth requires a local presence.
The Church also seeks to serve the local community through regular activities, provided by Church members at the Church building. This includes Mumstop providing weekly support through Baby and Toddler Groups and for meetings for families with pre-school children with special needs, impacting over 120 community families. There is also a weekly Community Coffee event.
Activities and Achievements can further be seen on the Living Rock Church Website.
Financial review
Income for the year amounted to £757,508 (2021: £886,229) and expenditure £772,567 (2021: £772,105). Funds carried forward amount to unrestricted funds of £1,422,035 and restricted funds £1,932.
The Trust is mainly funded by Tithes and Gifts of Church members plus the associated Gift Aid claimed on these donations. These gifts are voluntary donations in order for the Church to deliver its Christian services, including meeting specific needs and alleviating hardship where appropriate.
The Trust also makes significant donations to the Quantum Trust to support their Christian activities, following the principle of Tithing income.
Salary and Support costs remain stable as the Trust continued to operate through the pandemic, albeit with home working and utilising on-line channels.
In order to meet, the Trust owns a building which is used for administration and for Church and Community meetings, however the costs for 2021/22 remain low as home working and a reduced number of in person meetings took place during the pandemic, in line with Government advice
Policy on reserves
In principle the Trust ensures it has reserves to operate for three months, in order to be able to meet objectives in the event of a change in circumstance, particularly with regard to support of people. This is estimated at £100k. There are also plans for building expansion in Market Harborough and therefore £75k has been reserved from past surpluses to support potential activity. Additionally there is a £35k fund for missionary activities. These funds are not regarded as restricted.
The Trustees are aware of future economic challenges therefore funds are in place in the event of a drop in income which is voluntarily provided by donors and so is subject to reduction. There are also plans to refurbish parts of the building which is owned by the Trust. In principle the Trustees approve break even budgets however income has remained robust through the pandemic of 2020 and 2021.
Page 4
LIVING ROCK TRUST
TRUSTEES' REPORT (CONTINUED)
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Statement of Responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the Trustees 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 these 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 in 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; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The Trustees 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.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the Trustees of the charity on 10 January 2023 and signed on its behalf by:
Richard Knapp
Richard Knapp (Jan 11, 2023 17:14 GMT)
......................................... Richard Knapp Trustee
Page 5
LIVING ROCK TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVING ROCK TRUST
I report to the Trustees on my examination of the accounts of Living Rock Trust for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity Trustees of Living Rock 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 Living Rock 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
Since Living Rock Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.
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 Living Rock 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 accounting 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.
...................................... G W Schulz ACMA
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
10 January 2023
Page 6
LIVING ROCK TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 720,420 Charitable activities 3 9,349 Other income 4 22,296 Total income 752,065 Expenditure on: Charitable activities 5 719,558 Total expenditure 719,558 Net income/(expenditure) 32,507 Gross transfers between funds (1,607) Net movement in funds 30,900 Reconciliation of funds Total funds brought forward 1,391,135 Total funds carried forward 12 1,422,035 |
Restricted funds £ 5,443 - - 5,443 53,006 53,006 (47,563) 1,607 (45,956) 47,888 1,932 |
Total 2022 £ 725,863 9,349 22,296 757,508 772,564 772,564 (15,056) - (15,056) 1,439,023 1,423,967 |
Total 2021 £ 848,456 2,905 34,868 |
|---|---|---|---|
| 886,229 | |||
| 772,105 | |||
| 772,105 | |||
| 114,124 - |
|||
| 114,124 1,324,899 |
|||
| 1,439,023 |
The notes on pages 10 to 18 form an integral part of these financial statements. Page 7
LIVING ROCK TRUST
BALANCE SHEET AS AT 31 MARCH 2022
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 12 |
2022 £ 998,252 998,252 10,629 417,247 427,876 (2,161) 425,715 1,423,967 1,932 1,422,035 1,423,967 |
2021 £ 1,015,781 |
|---|---|---|
| 1,015,781 | ||
| 11,244 418,569 |
||
| 429,813 (6,571) |
||
| 423,242 | ||
| 1,439,023 | ||
| 47,888 1,391,135 |
||
| 1,439,023 |
The financial statements on pages 7 to 18 were approved by the Trustees, and authorised for issue on 10 January 2023 and signed on their behalf by:
Richard Knapp
Richard Knapp (Jan 11, 2023 17:14 GMT)
......................................... Richard Knapp Trustee
The notes on pages 10 to 18 form an integral part of these financial statements. Page 8
LIVING ROCK TRUST
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022
| Note Cash flows from operating activities Net cash (expenditure)/income Adjustments to cash flows from non-cash items Depreciation Working capital adjustments Decrease in debtors 9 (Decrease)/increase in creditors 10 Net cash flows from operating activities Cash flows from investing activities Purchase of tangible fixed assets 8 Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Reconciliation of net cash flow to movement in net funds (Decrease)/increase in cash Net funds at 1 April 2021 Net funds at 31 March 2022 |
2022 £ (15,056) 49,635 34,579 615 (4,410) 30,784 (32,106) (1,322) 418,569 417,247 (1,322) 418,569 417,247 |
2021 £ 114,124 40,085 |
|---|---|---|
| 154,209 4,416 2,815 |
||
| 161,440 (59,012) |
||
| 102,428 316,141 |
||
| 418,569 | ||
| 102,428 316,141 |
||
| 418,569 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 10 to 18 form an integral part of these financial statements. Page 9
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Living Rock Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Gift aid
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 10
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
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 institution with whom the funds are deposited.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £750 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Land and buildings | 2% on a straight line basis |
| Fixtures and fittings | 33.33% on a straight line basis |
| Computer equipment | 33.33% on a straight line basis |
| Building improvements | 10% on a straight line basis |
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 11
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Liabilities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 12
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
2 Income from donations and legacies
| Unrestricted funds General £ Donations and legacies; Donations 610,356 Gift aid reclaimed 105,476 Grants, including capital grants; Government grants 4,588 720,420 3 Income from charitable activities Events and outreach 4 Other income Other incoming resources |
Restricted funds £ 5,443 - - 5,443 Unrestricted funds General £ 9,349 Unrestricted funds General £ 22,296 |
Total 2022 £ 615,799 105,476 4,588 725,863 Total 2022 £ 9,349 Total 2022 £ 22,296 |
Total 2021 £ 701,294 110,025 37,137 |
|---|---|---|---|
| 848,456 | |||
| Total 2021 £ 2,905 |
|||
| Total 2021 £ 34,868 |
Page 13
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
5 Expenditure on charitable activities
| Note Ministry support Training Meeting expenses Other gifts Building expenses Administration Legal and professional Independent examination Depreciation Staff costs 7 |
Unrestricted funds General £ 328,030 1,695 33,208 74,475 2,216 38,310 824 2,160 16,955 221,685 719,558 |
Restricted funds £ - - - 338 19,988 - - - 32,680 - 53,006 |
Total 2022 £ 328,030 1,695 33,208 74,813 22,204 38,310 824 2,160 49,635 221,685 772,564 |
Total 2021 £ 227,982 935 57,483 82,910 37,214 23,413 997 2,160 40,085 298,926 |
|---|---|---|---|---|
| 772,105 |
6 Trustees remuneration and expenses
During the year the charity made the following transactions with Trustees:
Christopher Alton
Christopher Alton received ministry support payments of £13,126 (2021: £3,249) during the year.
No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 14
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
7 Staff costs
The aggregate payroll costs were as follows:
| 7 Staff costs The aggregate payroll costs were as follows: |
||
|---|---|---|
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2022 £ 208,493 8,962 4,230 221,685 |
2021 £ 270,874 22,492 5,560 |
| 298,926 |
The number of persons (including senior management team) employed by the charity during the year was as follows:
| during the year was as follows: | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| No | No | |||
| Staff | 12 | 14 |
No employee received emoluments of more than £60,000 during the year
Page 15
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
8 Tangible fixed assets
| 8 Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Land and buildings £ Furniture and fixtures £ Computer equipment £ Cost At 1 April 2021 1,375,167 84,704 43,027 Additions - - 32,106 At 31 March 2022 1,375,167 84,704 75,133 Depreciation At 1 April 2021 414,645 84,004 35,064 Charge for the year 27,503 700 16,255 At 31 March 2022 442,148 84,704 51,319 Net book value At 31 March 2022 933,019 - 23,814 At 31 March 2021 960,522 700 7,963 9 Debtors Accrued income 10 Creditors: amounts falling due within one year Other taxation and social security Accruals |
Computer equipment £ 43,027 32,106 |
Building improvements £ Total £ 51,773 1,554,671 - 32,106 51,773 1,586,777 5,177 538,890 5,177 49,635 10,354 588,525 41,419 998,252 46,596 1,015,781 2022 £ 2021 £ 10,629 11,244 2022 £ 2021 £ - 3,991 2,161 2,580 2,161 6,571 |
|||
| 75,133 | 51,773 | ||||
| 35,064 16,255 |
5,177 5,177 |
||||
| 51,319 | 10,354 | ||||
| 23,814 | 41,419 | ||||
| 7,963 | 46,596 | ||||
| 2022 £ 10,629 2022 £ - 2,161 2,161 |
|||||
| 2021 £ 3,991 2,580 |
|||||
| 6,571 |
Page 16
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
11 Pension and other schemes Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to - £4,230 (2021 £5,560).
12 Funds
| Unrestricted funds General General Funds Restricted funds Building fund Acts 4:34 fund Zambia housing Total funds |
Balance at 1 April 2021 £ 1,391,135 46,128 1,760 - 47,888 1,439,023 |
Incoming resources £ 752,065 4,933 172 338 5,443 757,508 |
Resources expended £ (719,558) (52,668) - (338) (53,006) (772,564) |
Transfers £ Balance at 31 March 2022 £ (1,607) 1,422,035 1,607 - - 1,932 - - 1,607 1,932 - 1,423,967 |
Transfers £ Balance at 31 March 2022 £ (1,607) 1,422,035 1,607 - - 1,932 - - 1,607 1,932 - 1,423,967 |
|---|---|---|---|---|---|
| 1,932 | |||||
| 1,423,967 |
Page 17
LIVING ROCK TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
| Balance at 1 April 2020 £ Unrestricted funds General General Funds 1,218,547 Restricted funds Building fund 93,292 Acts 4:34 fund 11,913 Flood victims fund 1,147 Kenya food aid - Zambia housing - Benevolence fund - 106,352 Total funds 1,324,899 13 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Incoming resources £ 833,075 22,730 12,997 - 14,195 510 2,722 53,154 886,229 Unrestricted funds General £ 998,252 425,944 (2,161) 1,422,035 Unrestricted funds General £ 969,653 428,053 (6,571) 1,391,135 |
Resources expended £ (660,487) (69,894) (23,150) (1,147) (14,195) (510) (2,722) (111,618) (772,105) Restricted funds £ - 1,932 - 1,932 Restricted funds £ 46,128 1,760 - 47,888 |
Balance at 31 March 2021 £ 1,391,135 46,128 1,760 - - - - |
|---|---|---|---|
| 47,888 | |||
| 1,439,023 | |||
| Total funds at 31 March 2022 £ 998,252 427,876 (2,161) |
|||
| 1,423,967 | |||
| Total funds at 31 March 2021 £ 1,015,781 429,813 (6,571) |
|||
| 1,439,023 |
Page 18