OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03952377 (England and Wales) REGISTERED CHARITY NUMBER: 1087140

Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2021

for

Multi Faith Centre at the University of Derby

M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF

Multi Faith Centre at the University of Derby

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 20
Detailed Statement of Financial Activities 21 to 22

Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2021

The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ending 31 March 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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).

OBJECTIVES AND ACTIVITIES Objectives, aims and public benefit

Our vision

Our vision is a society where the diversity, expertise and richness of faith communities actively contributes to the building of safe, healthy and cohesive communities throughout Derbyshire.

Our mission

The Multi Faith Centre encourages and facilitates dialogue, co-operation, mutual respect and understanding between people from different faith communities and civil society, who by coming together aim to improve the wellbeing of vulnerable people living in Derbyshire.

Our objectives

Part of the process of building these bridges is to better understand what the faith sector actually needs, and also to unite leaders of different faiths so that civic services can engage with the faith sector more easily. With this in mind, MFC will focus on four key objectives:

  1. CREATE AN INFRASTRUCTUR E Produce a platform for the faith sector to come together to act strategically and maximise their impact

  2. FACILITATE COMMUNICATION Create safe spaces for faith groups to hold conversations on social and community issues common to everyone

  3. NURTURE COLLABORATION Encourage faith groups to join together and then create partnerships with local authorities and key agencies

  4. PROMOTE CELEBRATION Shine a light on good news stories around the positive contribution faith communities make to our society

Page 1

Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES Significant activities Covid:

Like every charity today, we face challenges and uncertainty resulting from the current pandemic. It has been an incredibly difficult year for our organisation. Sadly, we have seen the temporary closure of our premises, considerable disruption to our work programmes, events cancelled and lost income. Staff and trustees have had to adapt to new ways of working. We are grateful to the Community Lottery Fund and Derby City Council for the emergency funding that offset a loss of income and ensured that we could maintain vital services.

Strategy & Governance Review:

The significant disruption caused by Covid 19 pandemic and the untold damage to the health and wellbeing of communities across our region gave our staff and trustees cause to reflect on the charity's strategic purpose and business plan.

Our objective is to come through this period stronger as an organisation and pave the way for an invigorated and increasingly impactful future. To this end, MFC:

  1. Commissioned a governance review. Audited the skills and capabilities of the current board. Created an improvement plan to ensure effective strategic decision-making and the right balance between strategy and governance.

  2. Created a new strategic plan for the Multi Faith Centre that is owned by trustees, staff, stakeholders and funders. This included work around MFC's vision, mission and core values; created a framework and dialogue around strategic strengths, weaknesses, opportunities and threats; setting goals, objectives and action plans.

Projects:

Race & Religious Hate Crime Project

MFC continued to manage a network of 35 community groups to build bridges, improve communications and shape better police responses and interventions around the Race & Religious Hate Crime agenda. The network supports communities that might not otherwise know about services such as the Derbyshire Victim Service or feel confident to speak to the police directly. It also identifies and flags issues of community concern. MFC then co-ordinates efforts to tackle religious hate crime through this network and its close links with the Derbyshire Office for the Police and Crime Commissioner.

Significant achievements for the year include implementing a 'remote delivery model' and a total transition to Teams, Zoom, and online Knowledge Hub. This transition enabled more people to join and more time per meeting/event to host various activities, as we did not have to account as much time for intros, settling in, commutes, etc. as we would for in-person events.

Page 2

Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

Functioning fully remotely for a project on hate crimes gave our project new contours, as issues of (online) bullying and harassment faced by Asian community and network members became the centre of our meetings immediately following the initial lockdown and the anti-Asian hate that has been running parallel to the pandemic itself. A hyper-focused initiative to address this came via the Hate Crimes Awareness Week in October 2020. Our work on the Race and Religion Hate Crimes Project grew over time with the pandemic. Many members of the community institutions that comprise our Network shared they and/or people they know have been facing hate violence first-hand. We addressed this in our Network meetings by inviting guest speakers from Stop Hate UK, the OPCC (Office of the Police and Crime Commissioner) itself, as well as Inspirative Arts. Key takeaways from our Network meetings, as well as research done by our Program Manager, have been shared with the OPCC and the Hate Crimes Practitioners' Network.

Currently, the current Program Manager has developed a solid structure to the Core Partners program that the previous Program Manager began working on. With this structure, we can keep abreast of support services being offered by our Core Partners, as well as find parallel between that work and our efforts within the Network.

Going forward, we will continue strengthening the Network by recruiting more members and offering a program of support tailored to needs specific to our members' experiences. With regard to tangible results coming out our conversations with the Core Partners and from our Network initiatives, we await the OPCC's word on which of our proposed ideas to see to fruition.

Roma Community Care (RCC)

Roma Community Care was established in 2013 as the only Roma led support organisation in Derby and Derbyshire providing advice and advocacy to Eastern European Roma communities.

The project adapted to the Covid crisis by closing the drop-in centre and creating a service offer that included online, phone and home visits to support vulnerable people at a time of crisis. This support was maintained throughout the pandemic relying on the commitment and energies of the project staff.

Flowing from the challenging environment resulting from the Covid pandemic, and with the support of our funders, the management of the project was transferred to the St James Centre in January 2021.

The trustees of both organisations believe the advantages of this new approach provide Roma communities with greater access to a broader range of services, advice and support and creates a sustainable and resilient service that is supported by the infrastructure of a larger charity.

MFC is grateful for the generous support and guidance of the Tudor Trust and the Badur Foundation and look forward to the projects next stage of development under the care of the St James Centre. MFC remains committed to the success of the project having established a close and supportive working relationship with the St James Centre and will continue to offer support and practical help to ensure the project's continued success.

Training

No training was delivered in a classroom environment. MFC developed an online version of its award-winning Overcoming Anti-Semitism training and delivered and evaluated it in January.

Use of Premises

In line with government restrictions and University of Derby policy, the premises were closed throughout the year. No onsite events, activities or services were undertaken. At the time of writing, the country is tentatively emerging from a third lockdown, but the building remains closed.

Online Events

All events at the Centre were cancelled and we developed and tested new activities online including:

Page 3

Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

In addition, MFC also made regular contributions to local radio shows, helping to raise the profile of faith and contribute to civil discourse on a range of subjects:

FINANCIAL REVIEW

Reserves policy

The charity constantly monitors its core activity costs against available core funding incomes throughout the year through budgets and forecasts. The unrestricted fund deficit currently stands at £181,431 (31.03.2021). The board will budget to reduce this amount steadily in future years to ensure greater financial stability. The MFC has negotiated a payment schedule with the University against the loan on its balance sheet, and continues to put £12,450 a year aside for the University loan.

Page 4

Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2021

FUTURE PLANS

The effects of Covid 19 continue to have an enormous impact on communities across our region. The crucial work that faith groups undertook during this time has led to a growing awareness from central and local government that there is much to be gained from partnering with faith communities to meet the needs of vulnerable communities.

There is a willingness from faith communities to move their pandemic response models from providing emergency support to becoming active partners in the region's recovery and beyond. However, faith communities need support, resources, facilitation and organisation, networks and infrastructure if they are to organise and achieve their potential as partners.

Extensive consultation with communities, local authorities, and public sector stakeholders identified an important strategic role for MFC - a role that enables faith communities to build on what they are currently doing to support vulnerable communities, improve and connect faith networks with local partners across public sector and civil society, and cultivate honest dialogue and greater collaboration within and across faith communities.

In line with the strategic review and extensive research and consultation to shape the way forward, the Multi Faith Centre will align future activities around four key objectives:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Multi-Faith Centre at the University of Derby is constituted as a Registered Charity (25 June 2001) and a Company Limited by Guarantee. It is governed by its Memorandum and Articles of Association dated 16 March 2000, amended and submitted for approval and agreed by the Charity Commission in January 2006 and subsequently amended and agreed by the Charity Commission in March 2010.

Page 5

Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

Under the amended Memorandum a total of fourteen Trustees are appointed as follows:

The Bishop of Derby Six from faith members Three from the University of Derby Four independent members

Trustees shall be appointed as directors and trustees of the company for an initial term of up to three years. At the end of their initial periods of appointment Trustees may be reappointed or re-elected as appropriate for further periods of up to three years, except that no Trustee (except the Bishop of Derby) may serve for more than three such periods [nine consecutive years] without having stood down from the Board for a minimum period of one year.

The Trustees have no financial interest in the company.

Organisational structure

The Trustees are responsible for decisions covering significant areas of MFCs (Multi Faith Centre) affairs:

In order to carry out their duties effectively as a Board of Trustees, they are assisted by a few subcommittees: Finance, Human Resources, and Planning & Development. Other sub-committees or working groups may be convened for purposes required by the Board of Trustees.

The day to day management of MFC affairs was delegated to the Interim Director, Geoff Sweeney, who was responsible for overall organisational management. The Director is supported by an office manager (p/t) and finance officer (p/t) and project managers and staff relating to the projects MFC delivers.

Related parties

The charity has a close working relationship with The University of Derby. The University of Derby has representation on the board and provide funding to enable the charity to carry out its objectives.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A risk register is maintained and reviewed regularly.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03952377 (England and Wales)

Registered Charity number

1087140

Page 6

Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2021

Registered office

University of Derby Kedleston Road Derby DE22 1XB

Trustees

Prof P G Weller (resigned 31.10.2020) S Bali G J Freeman G Falgate Mrs R P Dolby A Mateen A Poostchi A G Oakley Dr H S Dhillon K J Munnings The Rt Rev E J H Lane

Independent Examiner

Mrs K F Shapcott, FCA Chartered Accountant M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF

Bankers Natwest 58 St. Peters Street Derby DE1 1XL

Solicitors

Eversheds 1 Royal Standard Place Nottingham NG1 6FZ

Interim Director Geoff Sweeney (appointed on a 12-month contract on 18.05.20)

Approved by order of the board of trustees on 19 August 2021 and signed on its behalf by:

The Rt Rev E J H Lane - Trustee

Page 7

Independent Examiner's Report to the Trustees of Multi Faith Centre at the University of Derby

Independent examiner's report to the trustees of Multi Faith Centre at the University of Derby ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Mrs K F Shapcott, FCA Chartered Accountant M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF

19 August 2021

Page 8

Multi Faith Centre at the University of Derby

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Projects and events
Other trading activities
2
Other income
Total
EXPENDITURE ON
Charitable activities
Projects and events
Other
Total
NET INCOME
Transfers between funds
11
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
96,952
5,890
4,295
10,000
117,137
65,928
33,684
99,612
17,525
(2,954)
14,571
(196,001)
(181,430)		 2021
Restricted
Total
funds
funds
£
£
605
97,557
85,207
91,097
-
4,295
-
10,000
85,812
202,949
49,898
115,826
12,354
46,038
62,252
161,864
23,560
41,085
2,954
-
26,514
41,085
1,405,087
1,209,086
1,431,601
1,250,171		 2020
Total
funds
£
70,235
114,586
20,505
-
205,326
199,128
(517)
198,611
6,715
-
6,715
1,202,371
1,209,086

The notes form part of these financial statements

Page 9

Multi Faith Centre at the University of Derby

Balance Sheet 31 March 2021

Notes
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
8
NET CURRENT
ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
ACCRUALS AND DEFERRED
INCOME
10
NET ASSETS
FUNDS
Unrestricted funds
11
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,194
906
92,394
93,300
(256,952)
(163,652)
(162,458)
(18,973)
(181,431)		 Restricted
funds
£
1,347,677
14,999
68,926
83,925
-
83,925
1,431,602
-
1,431,602		 2021
Total
funds
£
1,348,871
15,905
161,320
177,225
(256,952)
(79,727)
1,269,144
(18,973)
1,250,171
(181,431)
1,431,602
1,250,171		 2020
Total
funds
£
1,359,262
5,449
147,975
153,424
(256,952)
(103,528)
1,255,734
(46,648)
1,209,086
(196,001)
1,405,087
1,209,086

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 10

Multi Faith Centre at the University of Derby

Balance Sheet - continued 31 March 2021

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 19 August 2021 and were signed on its behalf by:

E J H Lane - Trustee

The notes form part of these financial statements

Page 11

Multi Faith Centre at the University of Derby

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Allocation and apportionment of direct costs are based on staff time spent on those activities. Fixed overheads are based on percentage of usage of those activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - over the period of the lease Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities. The charity is outside the scope of VAT. Unrecovered VAT suffered is written off to the relevant expenditure.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

continued...

Page 12

Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
2021 2020
£ £
Lettings 4,295 20,505

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 12,862 12,472
Other operating leases 12,000 -

4.

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Mr Mateen (a Trustee) received the amounts of £13,003 in wages. This was for the project management and delivery of a specialist project for young people. There is a written agreement between the Charity and Qazi Mateen. Payments were authorised by the Director and Trustees. Mr Mateen did not take part in any decision made by the Trustees in any aspect of this agreement.

5. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Administration
Project		 2021
£
99,526
99,526
2021
2
2
4		 2020
£
122,466		 2020
£
122,466
122,466
2020
3
6
9

No employees received emoluments in excess of £60,000.

continued...

Page 13

Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. TANGIBLE FIXED ASSETS

Fixtures
Long
and
leasehold
fittings
£
£
COST
At 1 April 2020
1,544,213
6,865
Additions
-
-
At 31 March 2021
1,544,213
6,865
DEPRECIATION
At 1 April 2020
185,307
6,649
Charge for year
12,354
54
At 31 March 2021
197,661
6,703
NET BOOK VALUE
At 31 March 2021
1,346,552
162
At 31 March 2020
1,358,906
216
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Fees receivable
Other debtors		 Computer
equipment
£
15,169
2,471
17,640
15,029
454
15,483
2,157
140
2021
£
905
15,000
15,905		 Totals
£
1,566,247
2,471
1,568,718
206,985
12,862
219,847
1,348,871
1,359,262
2020
£
5,449
-
5,449

continued...

Page 14

Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021 2020
£ £
Other loans (see note 9) 256,952 256,952
9. LOANS
An analysis of the maturity of loans is given below:
2021 2020
£ £
Amounts falling due within one year on demand:
Other loans 256,952 256,952

The loan is provided by the University of Derby. The loan provided is interest free and is repayable on demand.

10. ACCRUALS AND DEFERRED INCOME

Accruals and deferred income
MOVEMENT IN FUNDS
Unrestricted funds
General
Restricted funds
Youth
Restricted Fixed Assets
Holocaust Memorial Service
People's Health
PCC
PVE Training
Roma Care
Red Cross
BSBT
ELS Fund
TOTAL FUNDS		 At 1.4.20
£
(196,001)
4,557
1,358,905
5,857
1,833
10,970
6,325
115
571
15,661
293
1,405,087
1,209,086		 Net
movement
in funds
£
17,524
-
(12,354)
606
-
14,713
-
(3,069)
15,639
8,026
-
23,561
41,085		 2021
£
18,973
Transfers
between
funds
£
(2,954)
-
-
-
-
-
-
2,954
-
-
-
2,954
-		 2020
£
46,648
At
31.3.21
£
(181,431)
4,557
1,346,551
6,463
1,833
25,683
6,325
-
16,210
23,687
293
1,431,602
1,250,171

11. MOVEMENT IN FUNDS

continued...

Page 15

Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General
Restricted funds
Restricted Fixed Assets
Holocaust Memorial Service
PCC
Roma Care
Red Cross
BSBT
TOTAL FUNDS		 Incoming
resources
£
117,137
-
606
32,007
14,906
18,389
19,904
85,812
202,949		 Resources
Movement
expended
in funds
£
£
(99,613)
17,524
(12,354)
(12,354)
-
606
(17,294)
14,713
(17,975)
(3,069)
(2,750)
15,639
(11,878)
8,026
(62,251)
23,561
(161,864)
41,085

Comparatives for movement in funds

Unrestricted funds
General
Restricted funds
Youth
Restricted Fixed Assets
Holocaust Memorial Service
People's Health
PCC
PVE Training
Roma Care
Red Cross
BSBT
CMF Funds
ELS Fund
TOTAL FUNDS		 At 1.4.19
£
(234,898)
4,694
1,371,259
3,102
1,833
-
6,325
17,920
4,817
15,661
4,785
6,873
1,437,269
1,202,371		 Net
movement
in funds
£
38,897
(137)
(12,354)
2,755
-
10,970
-
(17,805)
(4,246)
-
(4,785)
(6,580)
(32,182)
6,715		 At
31.3.20
£
(196,001)
4,557
1,358,905
5,857
1,833
10,970
6,325
115
571
15,661
-
293
1,405,087
1,209,086

continued...

Page 16

Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General
Restricted funds
Youth
Restricted Fixed Assets
Holocaust Memorial Service
PCC
Roma Care
Red Cross
BSBT
CMF Funds
ELS Fund
TOTAL FUNDS		 Incoming
resources
£
106,316
144
-
2,969
33,863
29,708
6,215
10,391
15,720
-
99,010
205,326		 Resources
expended
£
(67,419)
(281)
(12,354)
(214)
(22,893)
(47,513)
(10,461)
(10,391)
(20,505)
(6,580)
(131,192)
(198,611)		 Movement
in funds
£
38,897
(137)
(12,354)
2,755
10,970
(17,805)
(4,246)
-
(4,785)
(6,580)
(32,182)
6,715

continued...

Page 17

Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General
Restricted funds
Youth
Restricted Fixed Assets
Holocaust Memorial Service
People's Health
PCC
PVE Training
Roma Care
Red Cross
BSBT
CMF Funds
ELS Fund
TOTAL FUNDS		 At 1.4.19
£
(234,898)
4,694
1,371,259
3,102
1,833
-
6,325
17,920
4,817
15,661
4,785
6,873
1,437,269
1,202,371		 Net
movement
in funds
£
56,421
(137)
(24,708)
3,361
-
25,683
-
(20,874)
11,393
8,026
(4,785)
(6,580)
(8,621)
47,800		 Transfers
between
funds
£
(2,954)
-
-
-
-
-
-
2,954
-
-
-
-
2,954
-		 At
31.3.21
£
(181,431)
4,557
1,346,551
6,463
1,833
25,683
6,325
-
16,210
23,687
-
293
1,431,602
1,250,171

continued...

Page 18

Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General
Restricted funds
Youth
Restricted Fixed Assets
Holocaust Memorial Service
PCC
Roma Care
Red Cross
BSBT
CMF Funds
ELS Fund
TOTAL FUNDS		 Incoming
resources
£
223,453
144
-
3,575
65,870
44,614
24,604
30,295
15,720
-
184,822
408,275		 Resources
expended
£
(167,032)
(281)
(24,708)
(214)
(40,187)
(65,488)
(13,211)
(22,269)
(20,505)
(6,580)
(193,443)
(360,475)		 Movement
in funds
£
56,421
(137)
(24,708)
3,361
25,683
(20,874)
11,393
8,026
(4,785)
(6,580)
(8,621)
47,800

12. RELATED PARTY DISCLOSURES

The charity has close working relationships with The University of Derby. The University has representation at the board. The University also makes a donation to the Centre and provides professional and other in-house premises services to the Centre for a fee.

The University also provide financial support by way of grant instalments amounting to £61,924 during the year (2019 - £61,924).

The University provided a loan towards the building of the centre. The loan balance is £256,952 at the end of the year. The University has agreed to waive its entitlement to charge interest at 5% on the loan until further notice and, therefore, no interest has been accrued for in these financial statements.

continued...

Page 19

Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

13. LEGAL STATUS OF THE COMPANY

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.

14. GOING CONCERN

The trustees have formed a judgement at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future. This is dependent upon the support of the charitable company's funding partners and bankers, which is expected to continue. For these reasons, the trustees continue to adopt the going concern basis in preparing the financial statements.

15. FUNDS IN DEFICIT

The unrestricted fund deficit currently stands at £181,431 compared to the 2020 deficit of £196,001. The board will budget to reduce this amount steadily in future years to ensure greater financial stability.The majority of the deficits were accumulated during the formative years.

Page 20

Multi Faith Centre at the University of Derby

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

INCOME AND ENDOWMENTS
Donations and legacies
Gift Aids and donations
Donated services and facilities
Other trading activities
Lettings
Charitable activities
Projects and events
Other income
Government grants
Total incoming resources
EXPENDITURE
Charitable activities
Gross wages
Other direct costs
Support costs
Management
Gross wages
Premises costs
Administrative expenses
Finance
Other operating leases
Sundries
Other
Long leasehold
Carried forward		 2021
£
35,633
61,924
97,557
4,295
91,097
10,000
202,949
99,526
15,702
115,228
-
17,460
2,166
19,626
12,000
360
12,360
12,354
12,354		 2020
£
8,211
62,024
70,235
20,505
114,586
-
205,326
107,212
24,398
131,610
15,254
35,165
2,322
52,741
-
-
-
12,354
12,354

This page does not form part of the statutory financial statements

Page 21

Multi Faith Centre at the University of Derby

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Other
Brought forward
Fixtures and fittings
Computer equipment
Governance costs
Accountancy and legal fees
Total resources expended
Net income		 2021
£
12,354
54
454
12,862
1,788
161,864
41,085		 2020
£
12,354
71
47
12,472
1,788
198,611
6,715

This page does not form part of the statutory financial statements

Page 22