DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j Company registration number: 04324630 Charlty reglstratlon number.. 1091712 VICTORIA PARK HARRIERS AND TOWER HAMLETS AC (A company limited by guarantee and registered charity) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) CONTENTS Page Reference and admlnlstratlve detalls of the Charlty, Its Trustees and advlsers Chaimian's statement Trustees. report 4-12 Trusta•s' rèsponsibiliti•s statèmènt 13 Independent examinerfs report Statement of financial activities 14 15 Balaneè sh•et 16 Notes to the flnanclal statements 17-32 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) REFERENCE ANO ADMINISTRAnVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees David Robinson, Chair Comelia Abe-minale Rachel Morison Iresiqned 25 March 20211 Faye Jeacocke Gavin Lau Charliè Maling Anna Trihan Hugh Murdoch18ppointed 25 MarGh 20211 f Vickers (appointed 29 Ociober 20201 Company registered numb•r 04324630 Charity registered number 1091712 Registered office 24 Blackberry C¢)urt Wcrt)dmill Road London E5 9GE Independent Examiner MHA Maclntyre Hudson Chartered Accountants B(xJndary House 4 County Place Chelmsford CM2 ORE Bankers HSBC PIC 2tk21 Electric Parade George Lane London E182LX Page 1 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2021 The c*aimian presents his statement for the year: It has been a rather stop / stsrt year Sin￿ our October '20 virtual AGM. Finally however in eady spring as Govid restrictK)ns eased we were able to continue training and resume competition in 8 limited way. The 2021 Track season has been difficult with ￿ athletes Ihe usual pa￿CIpating and a shortage of officials but nonetheless with the help of our coaches and parent supwrt, our juniors have been able to enjoy training and some competition. In spite of some Road and XC membets moving away from London, wtth a growing number of new members we have had a very eniL>uraging stsrt to the '21f22 XC season both in the Chingford League and Met League and rnany very impressive performances on the road both in recent local Half Marathons and full Marathons, notably London and Manchester. We all hope we can IcK)k fotward to a full XC season, both leagues and annual fixtur85. Mel Mcclure The saddgst news has b8en the tragic death of Mel Mcclure. a wonderful person. friend and club memb8r and volunteer over many years. We remember her constanl kindness and help to us all along with her resilience and determinalion in some of the most challenging marathons. We miss her greatly and will always remember her wrth much fondness. Thanks On behalf of the dub rnembers, rt's a privilege for me to thank so tnany dub members who have devoted so much of their time and energy over the past year to help organise, train and motivate athletes into achieving new goals and developing slraiegies through Covid reslriclions to faciliiate a retum to club training and competition. Board Members: Following last yearfs 'virtual' AGM. Rathel stc*xl down as Secretary after many years of dedication to the dub. Many thanks to Rachel and to Hugh who has been appoinled in her place. At the AGM Alf Vickers was voted onto the Board as Director of Men's Track & Field. More ￿enllY Chadie also st￿d dovm as Director of Women's Track & Field and we thank her too. particularfy for her work with the track juniors. A big thank you to Faye, Annie, Gav, and Comelia both in their traditional roles bul also in battling through govemment and EA ￿1ViCe to welcome new members arn1 retum to near nomal training and tllpetition. Clubhouse Coaches and Leaders: Thanks to all our Clubh)use o)aches and leaders '. Mick Cairns (Tuesday structured speed workl and Steve Hobbs for the Thursday Project V sessions, whose regular sessions have been the backbone of our training activities. Captains Annie & Gav for regular training and race organising. Sim for race organising. coaching SUPFX)rt and trophy management, Andrew Bates (Sunday morning runsl, Verity Stroud lor 'Run For You, and to all those I haven't named who have assisted with these sessions. Also to Tony Bunbury who ha5 just Te-started Monday Circurts sessions. Track & Field and Youth Endurance coaches.. Thanks to Comelia. Ajf, Claudine. Kelvin, Manny, Margaret and more for their work, in particular with young athletes. Thanks to all volunteers and arents helped organise. marshal and assist at races and at monthly handicaps with a speual mention lo regulars Major, Len atMI Richard on handicap nights and Helen Goddard for the 3 Bridges Event. Thanks to the Membershi Team.. Neil. Mike. Gav, Annie Faye & Major. Page 2 DoxxSKJn Envdope ID.. F9196B6￿S￿214-w74S7￿7sl2cX￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) CHAIRMAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Thanks to th8 Bar & Swial Events Teatn.. Susan. Sophie & M8rlis. Clubhouse This year we have (ximpleted some improvement works at Ihe dubhouse. We have refurbished and altered the layout of rooms within the first flwr of the Annexe creating a large Pilates l Yoga studio and a treatment room. This has further inueased aclivily and use ol the dubhouse facilities by a wider section of OLJr local fitness community. We have worked wrth Sam White (Victoria Park Pilates18nd Joe Dale (Victori8 Park Sports Medicine) in these new projects. We have also revived the heating system in the Hall with a new boiler and fan convector heaters plus radiators in the Weights rwm which also doubles up 85 a Podiatrisfs treatrnent room on Fridays. We are very fortunate to continue to have Fabien (Victoria Park Fitnessl operating in the Hall. He is a great asset to the club and many of our members conb'nue to benefit from his strength and conditioning training. We still have a Taekwondo Group that use the hall ¢Jn Saturday afternoons and another group on Monday and Wednesday aftemoons. Mile End The track at Mile End is managed by GLL for Tower Hamlets. The dedirated trad( entran￿ has not re-opened since Covid and users access the track the Leisure Centre. Junior dub members and dub coaches tunning junior sessions have free ac£ess to the track and now use a separate entrance. This is rather unsatisf8¢tory and we hope to improve ihis arrangement with GLL. The Gym at the track is also dosed and cannot be used at present. Whilst the management of this facility presents some difficulties, our coaches will continuing to hold junior training Sessions through the wnter months and wll prepare for the 2022 track season. The extent to which we manage lo involve more helpers. members and parents to undertake officials training, volunteering and event organising will influence our ability to host and partiupate in track competition in 2022. Club Website Compètrtiva quotès obtained and Ihe Board havè eng￿ed Dave Finch, dub mèmbèr and wèbsita desuner lo build a new'rnore user friendly website. Huge thanks to Joe Feltham th) has managed the webstie over recent years and who will assist along with a Small steering grwp to work wrth Dave to bring this atKxJL VPH&THAC On behalf of the Board, I wish you all safe and well over the wming dub year and tllany thanks to all existing and our many new dub rnembers for what you all bring to the cjub. for your achievements big and small that we all enjoy and celebrate. We are committed to our ethos ol maintaining a strong, caring and supportive club, ready to grasp every opportunity and work OLhr way back to where we were before Covid and building on th¢ reputation and achievements we've gained in r￿nt years and on an exciting bunch of newer mernbers. IK& Chair Date.. 0111212021 Page 3 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND TOWER HAMLETS AC IA company limlted by guarnntee and reglstered eharltyl TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their annual Teport t(yJether with the financial statements of the Charity for the year ended 31 March 2021. The Annual report serves the purwses of both a Trustees. report and a directors, report under company law. The Trustees confimi that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements ol the charitable company's governing document and the provisions ol the Ststement of Recommended Practice ISORPI applicable to charities pr8paring th8ir accounts in accordance wtth the FirwIci￿ Reporbng Standard applicable in the UK and Republic of Ireland IFRS1021. STRUCTURE GOVERNANCE AND MANAGEMENT Constitution.. Victoria Parf( Harriers & Tower Hamlets AC is a company limited by guaranlee which is also registered as a charity and is under the managetnent of a Board of Tnjstees. Victoria Park Hatriets & Towel Hatnlets AC was registered as 8 charity wtth the UK Charity Commission on 23 April 2002. Pu oses.. The purpose of the Charty, as per tts Memorandum and Articles of Association, is the provision of facilities for public recreation or other leisure tirn8 occupation and in particular athl8b.cs In th8 interest of social w8lfar8. With the object of improving the conditions of lffe of those w￿) reside and work within East London. The main activities undertaken in relation to the purposes of the Charity, as per its goveming document, have been described further in the Activib"es and Achievements section of this report. Public Benefit.. In setting objectives and planning for current and future activities, the Trustees have given due consideration to general guidance published by the Chattty CommissK)n relating to Public benefit, induding the guidance 'Public b8n8frt'. running 8 ch8rty IP821'. AJI activiti85 have been urKlertak8n for the further8nc8 of Public Benefit. Method of a intment or election of Trustees.. The articles of the Charity state there should b8 a minimum of thr88 trustees. At 8v8ry annual g8neral Tll88ting one third of the trustees who are subject to retirement by rotation or. ff their number is not three or a multiple of three, the number nearesl to one third retire from office. No person other than a trustee rets.ring by rotation shall ￿ apw>inted or ￿appoInted a trustee at any general meeting unles5 he is rewmmended by the trustees. or a notice proposed by a rnernber eligible to vote at the meeting, and execuled by the proposed person. has been given to the trustees within sel time limits before ihe AGM as prescribed in the artides of the Charity. anisation81 structure and decision makin The business of the Charity is managed by the trustees w￿1 may exercise all powers of the Company. Motions Additional Club Roles 8ackgmund With the expanding dub membership over the last few years. participant numbers at the weekly club sessions and race events have increased signfficandy". the overall govemance, regular communication and general administratson to keep dub athvib.es going need to be maintained and improved. This has presented an opportunity to invite rnernbers that are able to offer their time to help contribute. Proposal by Gavin Lau on behalf of Ihe Boanl Page 4 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND TOWER HAMLETS AC IA company limlted by guarnntee and reglstered eharltyl TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 For the Board to prepare a list of ptstenb.al club roles to delegate specffic aspects of the day-to4ay running of activities and events., a sumrnary of such club roles to be presented in a table. to be circulated by the board to the membership group wrth a brief description of the roles and eslimaled time commitmenl required. Positions will be filled, at the board's dISc￿￿On, by dub members who have expressed interest and are able to und8rtake th8 rol8. They wll serve for a period of 12 months. afterwhich they may be re-appointed. ACTIVITIES ANO ACHIEVEMENTS Women's Road and XC Anne Trihan Introduction 18tn about to complete my second year of serving as Women's Road arKI Cross-country captain. Whilst il rernains as big an honour as ever. l am very happy to TeF¥)rt that the second year of my tenure has been a lot more'business as usual, than my first. I think we all Tern8m￿r that although we wer8 able to enjoy som8 group running in 2020, th8 end of the y8ar saw us go into L￿kdOWn number 635. It was a challenging winter on a nurnber of fronts. but the spring saw wider society, and running specrfically, open up more and more and bring back to us the events that we are used to and love. By the time surnmer came around. training and racing were pretty much back to nomal. Due to knkdown and related restrictions on sport. our talenled and hardworking ladies may have had few opportunities to train or compete for a large part of this year. compared with 'nomial' years. However, our team spirit was undeterre(J, and whenevet it was possible. we gave il our all, whether in training or in races and r8li5h8d the chance to COTnpet8 as a team. Addtbonalty. w8 have welc0rn8d a signrficant number of n8W members to the team who have quickly integrated into the team and have enjoyed everything this great club has to offer. 85th Annual Mob Match This event did not lake place this year due to Covid. However, we are looking forward lo resuming this great tradition on 11 January 2022. Met League Met League did not take place during the 2021>2021 season. However, the 2021-22 season has kicked off to a great start, wth 29 ladies taking part in th8 fir5tfixture at Claybury in October 2021. Chingford League Chingford League organised a modtfied schedule during the past season. someb.mes with staggered starts, limited participation and multiple races to allow for social distancing. It was no doubt extra work on the part of the organisers, but our ladies certainly appreciated ihe opportunty to race when we couldl We ended the season wrth a number of awarrt is available during your training run or in spirit on race day. Selected highlights= Monthly Club handicaps= Another club tradib.on that takes Pla￿ on the last Thursday of every month, welcoming our juniors and seniors to run together. Record numbers Ic.90 finishers) from the early events that has rnainlained momentum through 2021. Great to see Major Carr, Ray Russo, Richard Norton-Hale and Len Williams back in the fold and thank them lor offering their time at these events. Southern Athletics league= Participation in the -SAL- from our Road & XC members has itnproved in th8 last few years. Fielding teams has been challenging. and it is good to see our Members responding to club callings to compete and represent in track events that may be new to them. With another season competed, we look forward to stiengthening our b.es with the Track & Field group. Lea Valley Ultra 119161= A fantastic gra55 roots race series organised by one of our members David Bone under the Camino Ultra branding. Months leadirYJ up to the race saw the regular Sunday group being introduced to trail running. and supporting each other on longer and adventurous runs. A long day out for Will Yeates, Vicky Fabbri, Clive Mehew, Valerie Wong, Andrew Smith and William Burbridge-James. Honourable m8ntion to oth8r indwiduals wtrK> t8st8d themselves across the ultra distance at other 8v8nts throLJgh th8 summer tool Orion Fell race12516}:A rainy evening in Epping Forest. wamed up by the buzz of the friendly hosts Orion Harriers and potential anxiety of the short sk course wrth c.400m elevation. Congratulations to Rachel Morison placing as 2nd lady128..57, 39th overall) and Joe Dale123=051 for the overall winl A key race that demonstrates the close knit relationship we have established wtlh olher running clubs in our local proximity. VPH Chunder mile 1718):A precursor to Ihe annual summer BBQ, 8 cornpetitors, and miraculously 8 finishersl Congratulations lo Hannah Knight 18'.281 and Dominic Howarth 17-.341 on their respective 2021 victories. A nod to Simeon Bennett for independent venficatK>n of the race and resu￿$ each year. SVP50 114181= A small but perfecuy formed group of c.10 dub runners returning to this well loved ultra. Fantastic photos shared by Philippa Cockman et al of the jade aThJ blue navigatsng through the sweeping views of the course. Big Half122181= 130+ club njnners made rt to the start line for this much antiCiP8ted welcome back to mass participation raGing. Well fought PBS and irnpressive tirnes across the board. Many wngratulatory drinks18nd sensible race analysis) shared at the wonderlul paty hosted at the clubhouse. VPH&THAC at its bestl Flowers mile 12191'.This iconic club race signals the start ol ihe new 2021122 season, and the Boswall league. Congratulations to Eleanor Dalglish 15."551 and Nat Rowland 14."471 as first senior finishers. And to Imogen Soott-Gall16'.081 and Ethan Gray15'.021 as first junior finishers. The 2021122 season kicked off with rigour. which saw VPH&THAC very well represented across the Hackney Half, London Marathon and other marquee events that opened up Ihe autumn season. Optimistic & excited about what is to come= With the membership steadily growng over the last 18 months, only until now has it started to converge more regularfy at clubhouse sessions and more recently at racing events. The sheer energy levels and power of oomradery between racers and supporters alike, and 'speed' at which we have come together has been so refreshing to see. and really excites me to think ab¢xrt whal we can build and achieve together in the next 12 months and beyond. Page 9 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND TOWER HAMLETS AC IA company limlted by guarnntee and reglstered eharltyl TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 This has reminded us of th8 div8rse gi¢)up of members we are now interacting with on a weekly basis and wa are making good progress in our plans to improve governance and general set up to rnake our activities accessible to the larger numbers and more parlicipanl friendly. This indudes an upgrade to the website to bring together infomation onto one plattom. ￿s0 to share better details on the list ol available club roles that members can contribute their time to. Al wth the imrx)rtant aim to preserve the inclusive and welcoming culture we hav8 long treasured and continue to be competibve in the marqLJe leagues and races. On a final note, my thoughts go out to those who have been direclly affected by Covid and the circumstances of the pandemic. I sincerely hope that the club has been able to play a small part IFJ offenng a sens8 of routine or social int8raction, Co￿t￿b￿N￿g to your g81J8ral well being against this drftiGuIt backdrDP. Pl8as8 COntllJU8 lo stay vigilant, look afteryourself. yourloved ones and fellow VPH&THAC club members. Juniors Cornèlia A￿-Minal* The junior Track and FieKI athletes were happy to be able lo train again at the Mile End stadium after the Covid outbreak. It was notiC8able throughout all trainings groups that there were fewer athletes attending th8 trainings 5855ions. Most athletes struggled with fitness this season. We cotnpeted in 3 different leagues this season. Youth Development leagLJes.' Lower IU131151 and Higher IU171201 Age group and SAL IU171201. The fact that all leagues were fn"endly leagues helped athletes to get back into racing. Two athletes qualified for English sCh￿￿s Championships, Lyra McDonald (Junior Girfs 800ml and Michelvi Wambal Inter Girls 20(Iml. Both athletes did very well. qualrfied for the finals and achieved big PBS. During the last few months Athlete numbers started to inuease again and after the end of summer breaks all trainings groups started winter training. For our club to stay compelibve in the Youth Development league we need to recruit more young athletes from U11supto U15s. For the nexi season we are also hoping to recruti more club members as qualified officials in order to help with league meetings. FINANCE REVIEW Going concern After making appropriate enquiries, the trustees have a ieasonable expectation that the Charrty 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 statemenis. Further details regarding the adoption of the going concem basis can be found in the Accounknng Poliaes. Overview Cash flow was positive this year", Covid's negative impacl on our income was offset by a reduction in outgoings, after taking into account deprecbation on tangible fixed assets. Page 10 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND TOWER HAMLETS AC IA company limlted by guarnntee and reglstered eharltyl TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Investment in assets Covid lirnited the opportunity to invest in our assets in 20121. however details of future plans for 21122 can be found in the following pages. Financial hi hts Income A breakdown of th8 last 4 y8ars recurring irKx>m8 streatns is provid8d below. Rèeurring incomè 1£) 2018 1CK 35.314 19,260 7,431 1.413 63,518 2019 2020 300 46,247 19,263 5,460 2.094 73.364 2021 Donations Subscriptions Cottage rent HQ hir8 Club kit Total 39.220 19,257 5.004 1.273 64,854 37,308 19,260 4,740 195 61,S03 SponsorshiplDon8tions- sponsorship is rec(vJni5ed separately tolalling £1.942 and was received for the Come and Try Athlebcs evenL M8rnb8rship subscriptions- 19Q/ts decrease on previous year due lo members suspending m8mb8rship during Covid lockdowns and people leaving London. Cottage rent- income from the cottage was as per last year al £19,260. HQ Hire - 13% down on previous year due to group fftness activities being suspended during lockdown. We were able to continue to hire the space out for personal treatments losteo, massage etc.). Please see breakdown below- HQ hire 20201211£) Victoria Park Sports Medicine Personal training Other Total 2.700 1.570 470 4.740 Expendlture Travel and Subsisten￿ costs were signficanuy lower than previous years due to no events tsking pla¢e1£277 in 20121 v £10,717 in 191201. There were some coaching fees incurred for the Come arKI Try Athletics events that were able to tske place. These are funded either by ￿h0O15 providing income or by specffic grants li.e. LBTH mainstream granti. Affiliation, track and race entry fees We￿ also much lower than p￿ViouS years. Wilh events cancelled across the country, payment of EA affiliab.on fees were suspende(J unb"l April '21. Page11 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND TOWER HAMLETS AC IA company limlted by guarnntee and reglstered eharltyl TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 cash Flows The table below gives the closing cash posib.on at the last hyo financial yearonds and also at end of September 2021. The dub benefited from reduced outgoings in 20121 and have used this money to renovate th8 committee room into a studio for hire. The dub's calculated minimum cash res8rv8 is 6 rnonths expenditure, approximately £25.000. Cash position Closing 3110312021 78.398 66,462 12,816 177.755 Closing 3110312020 40.420 66,386 13,616 135,080 Movement Current 2610912021 59.912 85,152 10,871 155.935 2020- 21 37.978 76 18001 37,254 Current account Deposit Developtnent account Totsl Cash Cash excluding developmenl aco)unt 144,850 106.806 38,054 145,064 Reserves policy The trustees consider than an appropriate levd of reserves in resFed of unrestricted funds is an amount to generate sufficient working capitsl to cover aPPToximatety six months of the charity's annual costs excluding expenditure chargeable against the restricted and designated reserves. Based on the charity's level of activity it is considered that 8 minimum appropriate level of unrestricted funds would be £25.000. At the current year-end. the Charity held designated ftjnds of £1,096,714. restricted funds of £5,019 and general unrestricted funds of £161,531. Future plans The following investments have been made in the current year. The former committee ri)om has b￿n renovateil and 15 rrf)w a studio space for hire. The heating in the main hall has been ￿paIred. The following investment is [￿anned for the next financial year.. There are plans to invest and modemise the website to make li more relevant to existing members and attract potential new m8mber5. This report has been prepared taking advantage of the small companies, exemption of the Companies Act 2006. Approved by order of the members of Ihe board of Trustees and siqned iheir behalf by.. ILLS DaViths%￿s¥K Chairtllan Date.. Treasurer 0111212021 Page 12 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021 The Truslees Iwho are also the directors ol the Charity for the purposes of cornpany lawl are responsible lor preparing the Tmstees. report and the finanual statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AGGounting Practice). Gompany law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial stalernents unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and ol its incoming ￿sOurceS and application of resources, including its incotlle and expenditure, ft)r that period. In preparing these financial ststetllents. the Trustees are required to: select suiiable accounting poliues and then apply them consislently,. observe the methods and principles of the Charities SORP {FRS 1021- make judgments and accounb.ng esb"m8tes that are reasonable and ptudent., state whether applicable UK A￿OUn￿.￿9 Stsndards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements,. p￿pare the financial ststements on the going 0)r￿M ba￿S unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting rewrds that are sufficient to show and explain the Charitys transactions and disclose with reasonable accuracy at any time ihe financial position of the Charity and enable them to ensure that ihe finanaal statements comply with the Companies Act 2006. They ale also responsible for safeguarding the assets of the Charty armj hence for taking reasonable steps for the prevention and detection of fraud and other irregularib"es. Approved by Order of the members of the tw)ard of Trustees arvj signed on its behalf by.. sth •4JlEF¥PAtLb￿.. David Robinson Chair Daté." 0111212021 Faye eacocKe Page 13 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Independent examinerfs report to the Trustees of Wictoria Park Harriers and Tower Hamlets AC Ilhe Charlty'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021. Responsibilities and basis of report As the Trustees of the Charity land its directors for the purpxJse5 of company lawl you are responsible for the preparation of the accounts in accordan￿ with the requ1￿Ments of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinab"on. I r8tK>rt in iesp8Ct of rny examinab.on of the Charitys accounts carried out under sectK)n 145 of the Charilies Act 2011 llhe 2011 ACVI. In carrying out my examination I have folh)wed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Indèp•nd•nt •xamin•es stat•m•nt I h8vè complÉt8d my examinab"on. I confirm that no matters have ¢omÈ to my 8ttenb.on in ¢onne¢tion wth the examination giving rne cause to believe in any material ￿￿.. accounting records were not kepl in respect of Ihe Charity as wuired by section 386 of the 2006 Act: or the accounts do not accord wf(h those records,. or the accL)unts 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 fairf view which is not a matter considered as part of an independent examinats"on", or thè accounts havè not been prepar￿ in accordancè with the mèthods and principlès of the Statemènt of Recommended Practice for accounting and reportiThJ by charities applicable to charities preparing their accounts in accordance with the Finanaal Rep)rting Siandard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come a(soss no other matters in connection with the examination to whith attention should be drnwn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Dated: 8 De￿mber 2021 Cara Miller ACCA MHA Maclntyre Hudson Chartered Accountants, Boundary House. 4 County Place, Chelmsford, Essex. CM2 ORE Page 14 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Total fijnds 2020 Note Income fram: Donabons Charitable activities Other trading activities Bank interest receivab 300 58,325 25,948 67 40.557 24.093 66 40.557 24.093 66 Total income Expenditure on= Charitabla athvib.ès 716 64.716 84,640 82.051 82,051 118,734 Total expenditure Net expenditurè bèforè nèt gainslllossesl on investsnents 82.051 82,051 118,734 117.3351 3,976 117.3351 3,976 (33,494) (1,716) Nel gainslllossesl on investments 11 Net movement in funds Reconciliation of fvnds: Total funds brought forward Net movement in funds 113,3591 113,3591 (35,210) 1.271.604 113,3591 S,019 1,276.623 113,3591 1,311,833 (35,210) 1.258,245 5,019 1,263,264 1,276,623 Totsl funds earriad forward All income and expenditure derive from continuing activities. The Staternent of financial activities indudes all gains and k)sses rewgnised in the year. The notes on pages 17 to 32 fom part of these finanual slatemenls. Page 15 DoxxSKJn Envdope ID.. F9196B6￿S￿214-w74S7￿7sl2cX￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) REGISTERED NUMBER.. 04324630 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Fixed a55ets Tangible assets Investments 10 1.093,714 18,699 1, 150,807 14,723 1.112,413 1, 165,530 Currènt as$Èts Debtors Cash at bank and in hand 12 3,238 157,666 3, 180 120,422 160.904 123,602 Creditors.. amounis due within one year 13 (10.0531 (12.509) Nèt eurr•nt assèts 150,8S1 l 1 I,Og3 Total net assets 1.263,264 1.276.623 Charity funds Restricted funds 14 5,019 1.258,245 5,019 1,271,604 Unrestricted funds 14 Total funds 1,263,264 1.276.623 The Gharity was entitled to exemption from audit ￿￿ler section 477 of the Companies 2006. The members have not required the company tr) obtain an audit lor the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknO¥￿edge their responsibilitses for complying the requiremenis of the Act wth respect to 8CCOLJnting recoids and preparation of finanual statements. The finanaal statements have been prepared in accordance with the provisions applicable to entities subject to the small comoanies regime. The finanual statements We￿ apwoved and authorised for iSSLJe by the Trustees 0111212021 and signed on their behaff by.. Chair Page 16 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 G•n•ral infomiation Victoria Park Harriers and Tower Hamlets AC is a charitable ry)mpany limited by guarantee and is registered with the Charity Commission Icharity Registered Number 10917121 and Registrar of Companies (Company Registrats"on Number 043246301 in England and Wales. In the event of the Charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the Charity. The address of the registered office is given in the Charity information on page 1 of these financial statements. The nature of the Charl￿S operations and prinapal activities a￿ detailed in the Trustees. Annual RerK*i. The significant accounting policies applied in the Preparation of these financial staternents are set out below. These poliaes have been consistendy applied to all years presented unless othetwise stated. Accounting policies 2.1 Basis of preparation of financial statements The financi81 stslements have been prepared in accordan￿ wrfh the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Re￿m￿}ended Practice applicable to charities preparing their accounts in accordance with the Financial Rew)rting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Finanual Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Victoria Park Harriers and Tower Hamlets AC meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical rt costs involved in undertaking each aclivity- Dire¢t ¢J)sts 8ttributsble to a single activity are allocated direclly to that activity. Expenditure on charttable activib"85 is incurred on direcuy undertaking the activiti85 which furth8r the Charity's objectives. as well as any associate£l support ￿Sts. SuprK)rt costs are those that assist the work of the Charity but do not directly represent charitable activib.es and Include office (x>sts. g0veman1￿ (x)sts and administrative ￿Sts. Th8y are incurred directly in support of expenditure on the objects of the Charity. Where support costs cannot be directly attributed to particular headings ihey have been alk)cated to expenditure on charitable activits.es on a basis ¢xJnsistènt with usè of the rèsources. Govèmance costs are those inCur￿d In wnnection with the rtjnning of the Chartty and ￿MplI0n￿ wnstitutional and ststulory requirements. All expenditure is indusive of irre¢overable VAT. 2.5 Interest receivable Interest ¢)n funds held on depostt is induded when receivable ar￿ the amount can be rneasured reliably by the Charity,. this is r￿rMallY upon nolffication of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Taxation The Charity is considered lo the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it rn￿ts the definiti.on of a Gharitable oompany for UK wrporation tox purposes. Accordingly. the Charity is potentially exempt from taxation in respect of income or capital gains received within calegories covered by Chapter 3 Part 11 of the Corporaty'on Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains 8re applied exclusively to ch8ritable purposes. 2.7 Tanglble flxèd ass•ts and depreclatlon Tangible fixed assets costing £500 ￿ more are capitalised and recognised when fvture e￿nOmiC benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed asset5 are inib.ally reiwnised at (x)st. After recognition. under the cost rnod81. tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment k)sses. All costs incurred to bring a langible r￿ed assel into its intended working condits.on should ￿ IndUd￿ in the mèasurèmènt of cost. Page 19 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Icontinuedl 2.7 Tangible fixed assets and depreciation {continuedl Depreciation is charged so a5 to allocate the cost of tgngible fixed 8s5ets less their residual value over their estimated useful lives. using the straight-line rnethod. Depreaation is provided on the folkjwing bases: Freehold propety Athletics equipment - 10-50years - S years 2.8 Investments Fixed asset investments are a fom) of financial instrument and are initially recognised at their transacbon Ix>st and subsequenuy tneasured at fair value at the Balan[￿ sheet date. un18SS th8 value cannot be measured reliably in wh￿h case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as .GainsllLos￿I on invÈslmènts' in thè Statemènt of finanual acb"vitiès. 2.9 Debtors Ti8de and other debtors aTe rec(¥Jnised at the settlement amount after any trade dis¢ount offered. Prepayments are valued at the amount prepaid nel of any tra(le ￿lS￿￿nts due. 2.10 Cash at bank and in hand Cash at bank and in hand indudes cash and short-terrn 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. 2.11 Liabilities and provisions Liabilibes are recognised when there is an obligation al the Balance sheet date 85 a result of 8 p8st event, it is probable that a transfer of economic benefft will be required in settlement. and the amount of the setdemenl can be estimated reliably. Liabilities are recogniseil at the amount that the Charity anticip*es it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Page 20 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Icontinuedl 2.12 Financial instruments The Charity only holds basic Financial In5trurnents. The financial assets and financial liabilities of the Charity are as follows: Debtr)rs - trade and other debtors linduding acctued income) are basic financial instrLJments and 8re debt instrurnents measured at 8mortised (xist as detailed in Note 12. Prepayments are not financial instruments. Cash at bank- is dasstfied as a basic finan￿31 instnJm8nt and is measured at face valu8. Liabiliii'es - trade creditors, accruals and oiher creditors will be dassified as financial instruments, and are meaSu￿d at amortised cost as detailed in Note 13. Deferred income is not deemed to be a financial Iiabilty. as in the G3sh setuemerht has already taken place and th8re is simply an obligation to deliver charitable services raiher than cash or another finanaal instrument. 2.13 Fund aeeounting General funds are unrestricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of Ihe Charity and which have not been designated for other purposes. Designated funds comprise unrestricied funds that have been set aside by the Trustees for particular purrK)ses. The aim and use of each designaled fund is set out in the notes to the financial slatemenls. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donots or which have been raised by the Charity for particular purposes. The costs of raising and adrninistering such funds are charged against the specific fvnd. The aim and use of each restricted fund is set out in the notes to the finanaal siatements. Investment income. gains and l¢)sses are allocated to the appropriate fijnd. Page 21 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Critlcal accountlng •stimat•s and areas of judgment Estimates and judgments are (x)ntinually evaluated a￿1 are based on historical experien￿ and other faciors, including expecialions of fvture evenis thal are believed to be reasonable under ihe circumstances. Critical accounting esbmales and assumptions.. The Charty rnakes estimates and assumpb.ons conceming the future. The resulting aooounting estimates and assumptions will. by definition. seldom equal the related actual results. The estimates and assumpts'ons that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next finanual year are discussed below. . Allocation of support costs . Depreciation rates for tangible fixed assets Income from donations Unrestricted funds 2021 Total funds 2021 Total funds 2020 Donations 300 Total 2020 300 300 Page 22 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Ineoma from charltablè aetivitiès Unyestricted funds 2021 Total funds 2021 Total fuftds 2020 Coaching income Open S Membership subscriptions Sale of dub kit Sponsorship income Event hosting Beginners run 2, 100 2,729 46,247 2,094 3,390 1,640 125 1,023 37,308 195 1,942 1.023 37.308 195 1,942 89 89 Total 2021 40,557 40.557 58,325 Tolal 2020 58.325 58,325 Coathing incomg represents the twvision of (Kjaching to local schwls, whith is funded directly by London Borough of Tower Hamlets a￿1 l or the schwls involved in the programmes. Incorne from other trading activities Unrestricted funds 2021 Total funds 2021 Total fuftds 2020 Cottage rentsl income Hall hire Bar sales mis￿lIane(mJs 19,260 4,740 19,260 4,740 19,263 5,460 1,225 93 93 Totsl 2021 24,093 24,093 25,948 Tolal 2020 25,948 25,948 Page 23 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysls af +x￿ndit￿rè by acti¥ltl•s Activities undertak•n directly 2021 Support costs 2021 Total nds 2021 Providing fa¢ilities for publi¢ ￿￿atiOn 77,005 82,051 Activittes U￿￿ertaken directly 2020 Support costs 2020 Tol81 funds 2020 Providing facilities for public recreation 38,614 79,520 7 18, 134 Analysis of dir•ct costs Total funds 2021 Tolal funds 2020 Coaching fees Open S Awards Club Kit 2.800 12 4,635 3,067 890 2,094 10,717 16,611 600 Travel and subsistence Affiliation, enty and track fees Medical cover 277 1.957 S.046 38,614 Page 24 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysls af +x￿ndit￿rè by acti¥ltl•s Icontlnu•dl Anatysis of support costs Total funds 2021 Total funds 2020 Depreciation Light and Heat Insurance Repairs and Mainlainen Sundry expenses Governance 57,093 7,756 3,549 3,202 329 5,076 67,443 3,961 3,253 (7,083) 7,320 4,626 TT,005 79,520 All governance costs relate to independent examiners fees. fijrther details of which can be found in Note Independent examinee5 rernuneratioTh 2021 2020 Fees payable to the Charitys independent examiner for the independent examination of the Chariws annual accoLJnts Iovery under-accrual of prior year independent examiners fee Other services.. Cory)ration Tax retum prepardtion and submission 3,996 650 {841 1,200 Trustees. remuneratlon and expenses The Chanty has no employees12020- NIL) and the Tnjstees are cx)nsidered to be the Key Management Personnel. During the year. no Trustees received any remunerab.on or other ￿nefitS (2020- £NILJ. During the year ended 31 March 2021, eX[￿seS totalling £13 ￿tre reimbursed or paid direcuy to 1 Truste8 (2020- £982 to 2 Truste&5). Expen$8s rel*e to costs of tK>Stage, equipment and fees. Page 25 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Tanglbla fixed assèts Freehold Athletics property equipment Total Cost or valuation At 1 April 2020 1.690.931 71.230 1.762.161 At 31 Mar¢h 2021 1,690,931 71,230 1,762,161 Depreciation At 1 April 2020 Charge for the year 540,124 57,093 71,230 611,354 57.093 At 31 March 2021 597,217 71.230 668.447 NÈt book value At 31 March 2021 1,093,714 1,093,714 At 31 March 2020 1,150,807 1, 150,807 The land and buildings were purthased by a dub trust in 1961. which preceded th8 Incorporation of th8 Charitable Company and vras transferred to the Charity in 2003. The land and buildings were revalued by the Trustees in 2008. This revaluation (original value - £nill is matched by a designated fund which redkjces by the amount of depreuab.on each year. Page 26 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 11. Fixèd ass•t In¥•stm•nts Listed investments Cost or valuation At 1 April 2020 Revaluations 14.723 3.976 At 31 March 2021 18.699 Nèt book valua At 31 March 2021 18,699 At 31 March 2020 14, 723 All fixed asset investments are held in the UK. 12. Debtors 2021 2020 Due within one year Prepayments and awrtEIl ino)me 3,238 3, 180 3,238 3, 180 Page 27 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Cr•dltors: Amounts falllng du• wlthin on• yèar 2021 2020 Trade ¢rèdttors Other creditors Accruals and dofetrèd income 1,851 6,162 1,853 10,656 10,053 72.509 2021 2020 Deferred income at 1 April 2020 Resources deferred during the year Amounts released from previous periods 4,006 2,202 14,0061 7,900 (7,900) 2,202 Deferred income comprises subscriptions le￿ived in Ihe year relating to future accounting periods. Page 28 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Statèmènt of funds Statement of funds - current year Balaneè at 31 March 2021 BalanrR at 1 April 2020 Transfers inlout Gainsl {Lossesl Income Expenditure Unrestricted funds Designated funds Building Improvements Revalued property fund Gym refurbishment 89.329 131,6151 S7,714 1.064.(100 128.0001 1,036,000 3.000 1.156,329 159.6151 1,096,714 General fund5 General Funds 115.275 64.716 182.0511 59.615 3.976 161,531 Total Unrestrictsd funds 1.271,604 64.716 182.0511 3,976 1,258,245 Restricted funds Fitness for Sport Project Other minor projects 4.378 4.378 5,019 S.019 Total of funds 1,276,623 64,716 182,0511 3,976 1,263,264 Page 29 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Statamènt af funds {contlnu•d) Statement of funds- prior year Balance at 31 March 2020 B8lanGe at l Apnl 2019 Transfe G8ins/ (Losses) Income Expenditure Unrestricted funds Designated funds Building Improvements Revalued property fund Gym refurbishment 87,819 1,510 89,329 1,092,Q (28,000) 1,064,000 3,OOQ 1, 182.819 {26.490) 1,156,329 General fund5 General Funds 93,391 84,640 (118, 134) 57,094 (1, 716) 115,275 Total Unrestrictsd funds 1,276,210 (118. 134) 30,6Q4 (1,T16J 1,271,604 Restriet¢d funds Building Improvements Fitness for Sport Project Other minor projects 30.604 (30,604) 4,378 4,378 641 641 35,623 (30,604) 5,019 Totsl tyffund$ 1.311.833 84.640 (118.134J f1.T16) 1,276,623 Page 30 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Statamènt af funds {contlnu•d) Designated funds Buildin rovements Funds have been set aside to match Ihe net b(K>k value of the building improvements Iless the restricted grants outstanding on them, see restricted funds below) with funds being transferred each year to general funds to malch the depreciation charge. Revalued Pro Fund Similarfy a fund has been set aside to match the net book value of the revalued property wtt) funds being transferred each year to geneial fun(Js to matth the depreuab.on charge. G m Refurbishment A sum has been aside by the Tnjstees to cover the refurbishment of Mile End Gym where costs are not cov8r8d by grants r8C8iV8d. Restricted Funds Buildin rovèmen The Charity was awarded various grdnts in previous years to fvnd a refurbishrnenl programme on ils dub house. Three of the grants had a coniinuing resiriction if the facilities were to be used for other purrM)ses within live years, and so the depieuated cost of these grants has been carried forward in the reslrithd fund. In 2019120, the five year term of the grants was fulfilled, and the remainder of the restricted fund was Iransferred to the designated tund for Building lrnprovements above. Tower Hamlet5 Fitne55 for S rt Grant The Tower Harnlets Council Fitress for Sw)rt Grant vas recewed by the Charity in 2016. This fund is being used lo fund wheelchair coaching. rmin This was fvnding re￿IVed for Ihe summer scheme and satellite dubs. Page 31 DoxxSKJn Envdope ID.. F9196BBW5￿42l4-AAFI457￿612C￿j VICTORIA PARK HARRIERS AND ToV￿R HAMLETS AC IA company limited by guarantee and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Analysls af nèt assets b&tw•tn funds Analysis of net assets between funds- current year Unrèstrictèd R•strietèd funds funds 2021 2021 Total funds 2021 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 1,093.714 18.699 155.885 110.0531 1,093,714 18,699 160,904 110,0531 5.019 Totsl 1.258.245 5.019 1,263,264 Analysls of net assets between funds- prlor year UrpTrslriGted fvnds 2020 ReslriGled funds 2020 Tot81 fvnds 2020 Tangible fixed assets Fixed asset investments Current assets 1, 150,807 14, 723 118,583 (12,509) 1, 150,807 14,723 123,602 (12.509) 5,019 Creditors due within one year Total 1,271.604 5,019 1,276.623 16. Related party transactions There were no related party transactw)ns in the year12020- £NILI. Page 32