**REGISTERED COMPANY NUMBER: 04352872 (England and Wales) REGISTERED CHARITY NO: 1101165** **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR FAITH IN ACTION MERTON HOMELESSNESS PROJECT** **Critchleys Audit LLP Chartered Accountants Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP** **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** **CONTENTS OF THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2022** ||Page| |---|---| |Report of the Trustees|1 to 5| |Independent Examiner’s Report|6| |Statement of Financial Activities|7| |Balance Sheet|8 to 9| |Notes to the Financial Statements|10 to 13| |Detailed Statement of Financial Activities|14 to 15| **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2022** The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ effective 1 January 2019. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 04352872 (England and Wales) **Registered Charity number** 1101165 **Registered office** 30-32 Worple Road Wimbledon London SW19 4EF **Trustees (as at date of signing)** Mr B Angel (appointed 28/04/22) Mr C Douglas (appointed 19/05/22) Mrs J Freedman (resigned 20/05/22) Dr R N Goodchild (appointed 23/06/22) Mr B McAlister (appointed 06/05/21) Mr R Rawes (appointed 17/02/22) Mr D Reeves (appointed 10/03/16) Mrs P M Southgate (appointed 11/12/14) Ms R Stockman (resigned 08/06/21) Mr J H Tippett-Cooper (resigned 08/06/21) Capt A Wicks (appointed 13/10/14) Dr D Williams (resigned 05/10/21) Mr W G Williams (appointed 22/05/14) **Company Secretary** Miss S Codrington **Independent examiner** Katherine Wilkes FCA Critchleys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP ## **Bankers** HSBC Bank PLC CAF Bank Limited 46 The Broadway 25 Kings Hill Avenue Ealing Kings Hill London West Malling W5 5JZ Kent ME19 4JQ - 1 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2022** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is constituted as a company limited by guarantee. It is governed by its Memorandum and Articles of Association, first adopted on incorporation on 14 January 2002, amended on 10 December 2003, further amended by two Special Resolutions passed on 29 April 2008, then further amended by a Special Resolution passed on 11 December 2014 and then further amended by a Special Resolution passed on 19 March 2020. ## **Organisational structure** Faith in Action Merton Homelessness Project is a public benefit entity whose objects are the relief of poverty and distress in the London Borough of Merton (LBM) and its environs through the provision of information, advice and support to persons who are homeless or vulnerably housed, suffering from adverse circumstances and in need of help in acquiring a settled way of life. Our Faith in Action Merton Homelessness Project Management Committee currently has nine trustees (as at the date of signing) who belong to the local Merton community or are from local faith communities, and who support the work of the Project. Our officers are: Chair: Grenville Williams; Treasurer: Pauline Southgate; and Company Secretary: Sarah Codrington. The Management Committee meets approximately monthly and is attended by the Project Manager, Senior Project Worker, and a Volunteer Representative. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed, and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. These duties are met by a regular review of our risk assessment procedures, by constant monitoring and action taken where appropriate, and by Independent Examination of our annual report and accounts. ## **OBJECTIVES AND ACTIVITIES** ## **Significant activities** In planning the activities of the charity, the trustees refer to the guidance issued by the Charity Commission with regard to public benefit. In particular the trustees consider how planned activities will contribute to the aims and objectives of the charity. **Our Vision** is to be instrumental in transforming the lives of individuals within the London Borough of Merton and surrounding areas who are disadvantaged and/or excluded from the local community as a result of homelessness or vulnerable housing. **Our Purpose** is to provide support, information and assistance for ‘hard to reach’ individuals, including those with addictive behaviours and mental health issues, who are homeless or vulnerably housed, and for whom there are currently gaps in public service provision. This is in order to help them to access improved safety, security and well-being and a living environment that truly meets their needs. ## We do this by: - operating a twice-a-week Drop-In centre for rough sleepers, street users, the precariously-housed and other, mainly single, homeless people in the London Borough of Merton – our service users - providing basic care for the homeless: a warm welcome, hot meals, showers and laundry - creating an environment at the Drop-In with staff and volunteers who motivate and guide service users through the process of inclusion back into mainstream society - recognising that obtaining employment is often a key to resolving homelessness, we assist service users with paperwork and online form-filling, benefit claims, drink/drug rehabilitation and housing applications, writing CVs and helping with job applications - developing links between Drop-In service users and the local services which are best placed to help them with specific problems or needs (including Adult Social Care Services, South-West London Primary Health Care sector/GPs, Dept of Work and Pensions, mental health teams, housing agencies, street rescue, substance misuse services, and voluntary groups) - accompanying service users to appointments outside the Drop-In - carefully targeted and limited financial assistance in particular circumstances to service users. - 2 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2022** ## **ACHIEVEMENTS AND PERFORMANCE** The work of FIAMHP and the Merton Homeless Drop-in it operates were affected by Covid-19-related restrictions during the first part of this financial year, and then by continuing awareness of the need for caution. However staff and volunteers have continued to provide support for the homeless and vulnerably-housed in various ways during this period. Data for this year are not comparable with pre-Covid years. The team of seven staff consists of: Project Manager (4.5 days), one part-time Senior Project Worker, and five part-time Project Workers including the grant-funded Project Worker specifically supporting the A10[1] service users. Our New Opportunities Worker (NOW) continues to achieve positive outcomes for service users on back-to-work support. A DWP Job Seeker Adviser attends the Drop-In most weeks, and conducts interviews giving support with benefit claims. Continuing economic uncertainty means that service user numbers are rising. New services are being developed, including greater attention to mental health and wellbeing. We have worked with other organisations including the London Borough of Merton, Streetlink and St Mungo’s to refer newly homeless people to providers of temporary accommodation, and have helped to provide support for these people. We have also made referrals to statutory services for service users, including housing, social services, drug and alcohol services, and mental health. (Covid-19-related risk assessment meant that Public Health England did not permit the Winter Night Shelter to operate in winter 2021/22, causing further hardship for our service users.) Food has been provided by working with generous donors including Nando’s, Morrisons supermarket, Merton Foodbank, Abundance Wimbledon, the Hindu ‘Vision of Love’ charity, and the Dons Local Action Group (this is associated with AFC Wimbledon football club). The Project Manager has liaised closely with the Police, local community and partner services to help manage any behavioural issues in and around the Drop-In premises, and these have been minimal during the year, also indicated by the very small number of complaints we received. The staff’s humanity and resilience have enabled those whose behaviour has been problematic to be given a second chance to attend the Drop-In, thereby assisting them and helping to keep them off the streets. The Drop-In has a clear and effective exclusion policy and procedure, and this is utilised when appropriate. The AGM and ‘Open Evening’ event was held online on 7 February 2022, well-attended by supporters and volunteers. > 1A10 Service user – A person from the A10 countries that joined the EU (European Union) in May 2004, including the A8 Cyprus and Malta. The A10 includes: Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia. FiA also includes the A2 countries Bulgaria and Romania who joined in 2007. - 3 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2022** ## **FINANCIAL REVIEW** Covid-related constraints meant that there were fewer financial donations from local organisations which usually support our work, and there was a deficit of £52,753 which was covered by financial reserves. FIAMHP is very grateful to continuing donors, and a fundraising campaign is being planned. Expenditure was on budget; it was one-off income from local donors which was insufficient this year. The charity continues to be reliant on ad hoc contributions and regular giving by standing order. We will continue work to promote regular giving and additional income provided by Gift Aid. The A10 Project Service Level Agreement with the London Borough of Merton (LBM) was renewed for another year. We anticipate that this funding may no longer be provided post-Brexit; however, we intend to ensure we have sufficient funds to continue the employment of this dedicated Project Worker. ## **Reserves Policy** The Trustees have the following Reserves Policy: - (i) The Trustees seek to maintain a sufficient level of reserves to enable Faith in Action to meet its obligations as they fall due and to allow for such contingencies as might reasonably be expected to arise. - (ii) Three major contingencies have been identified: loss of major donor who contributes 30% of the charity’s income, loss of current premises incurring rent increase and relocation costs, and an orderly close-down of the service. Reserves to cover these three costs stand at £150,000. - (iii) The Trustees are continuously looking for ways to enhance their ability to transform the lives of individuals within the London Borough of Merton who are disadvantaged and/or excluded from the local community as a result of homelessness or vulnerable housing, and the balance of the reserves is held to enable such enhancements. ## **THE TRUSTEES THANK:** The Wimbledon Guild for the provision of office space, a payroll service, and use of meeting rooms – all free of charge; Captain Annette Wicks for her cooperation and understanding in our use of the Salvation Army premises; our staff and volunteers for their enthusiasm and commitment to the project; our donors who generously support the project and enable its continuance. FiA will continue to monitor and manage the impact of Salvation Army decisions about the future of their current buildings in Merton, including the hall in which our Merton Homeless Drop-In operates. - 4 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2022** ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The trustees (who are also the directors of Faith In Action Merton Homelessness Project for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 3[rd] November 2022 and signed on its behalf by: Mr B E McAlister - Trustee - 5 - **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF** ## **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **FOR THE YEAR ENDED 31 MARCH 2022** I report to the charity trustees on my examination of the accounts of Faith in Action Merton Homelessness Project Charitable Company (the Company) for the year ended 31 March 2022, which are set out on pages seven to fifteen. ## **Respective responsibilities of trustees and examiner** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income was below £250,000. I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of Independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **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: - a) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or - b) the accounts do not accord with those accounting records; or - c) 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 - d) 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. ## **Name of examiner: Katherine Wilkes FCA** ## **Name of firm:** Critchleys Audit LLP **Relevant professional body:** Institute of Chartered Accountants in England and Wales **Address:** Beaver House, 23-38 Hythe Bridge Street, Oxford, OX1 2EP **Date:** 18 November 2022 - 6 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)** ## **FOR THE YEAR ENDED 31 MARCH 2022** |Unrestricted
funds
Notes
£
**INCOMING AND ENDOWMENTS**
**Income from generated funds**
Donations and legacies
2
111,355
Income from investments
3
1,219
**Total incoming and endowments**
112,574
**EXPENDITURE**
Expenditure on raising funds
999
Expenditure on charitable activities
164,219
**Total resources expended**
165,218
**NET INCOMING/(OUTGOING RESOURCES)**
(52,644)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
354,062
**TOTAL FUNDS CARRIED FORWARD**
301,418|Restricted
funds
£
10,000
-
10,000
-
10,000
10,000
-
-
-|2022
2021
Total
Total
funds
funds
£
£
121,355
215,066
1,219
87
122,574
215,153
999
1,124
174,219
167,137
175,218
168,261
(52,644)
46,892
354,062
307,170
301,418
354,062| |---|---|---| ## **CONTINUING OPERATIONS** All incoming resources and resources expended arise from continuing activities The notes form part of the financial statements - 7 - **Registered Company No. 04352872** **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **BALANCE SHEET** ## **AS AT 31 MARCH 2022** |Unrestricted
funds
Notes
£
**CURRENT ASSETS**
Debtors
6
2,028
Cash at bank and in hand
304,668
306,696
**CREDITORS**
Amounts falling due within one year
7
(5,278)
**NET CURRENT ASSETS**
301,418
**TOTAL ASSETS LESS CURRENT LIABILITIES**
301,418
**NET ASSETS**
301,418
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
-
-
-|2022
2021
Total
Total
funds
funds
£
£
2,028
2,037
304,668
355,720
306,696
357,757
(5,278)
(3,695)
301,418
354,062
301,418
354,062
301,418
354,062
301,418
354,062
-
-
301,418
354,062| |---|---|---| The notes form part of the financial statements - 8 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **BALANCE SHEET - CONTINUED** ## **AS AT 31 MARCH 2022** The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with section 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements have been prepared in accordance with provisions applicable to companies subject to the small companies' regime under the Companies Act 2006. The financial statements were approved by the Board of Trustees on 3[rd] November 2022 and were signed on its behalf by: Mr B E McAlister – Trustee Mrs P M Southgate – Trustee The notes form part of these financial statements - 9 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2022** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** 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 (FRS102) (effective 1 January 2019) – (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** 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. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs** The charitable company operates a defined contribution pension scheme. Contributions are paid to the personal pensions of participating employees and these are charged to the Statement of Financial Activities in the period in which they are paid. - 10 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2022** |**2.**
**DONATIONS AND LEGACIES**
Donations
Gift Aid
Grants
Grants received, included in the above, are as follows:
A10 Service Level Agreement LBM
**3.**
**INVESTMENT INCOME**
Deposit account interest|2022
2021
£
£
95,638
185,664
15,717
19,402
10,000
10,000
121,355
215,066
2022
2021
£
£
10,000
10,000
2022
2021
£
£
1,219
87| |---|---| **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. |**5.**
**STAFF COSTS**
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable activities|2022
2021
£
£
122,080
111,903
4,202
3,422
5,971
5,568
132,252
120,893
2022
2021
7
7| |---|---| No employees received emoluments in excess of £60,000 - 11 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2022** |**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Gift Aid
Prepayments
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
PAYE/NI
Accruals
**8.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
A10 Service Level Agreement LBM (£10K) - all used within the
year to support travel, phones and documentation for A10 users
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows :
**Unrestricted funds**
General fund
**Restricted Funds**
A10 Service Level Agreement LBM
**9.**
**RELATED PARTY DISCLOSURES**|2022
2021
£
£
1,330
1,339
698
698
2,028
2,037
2022
2021
£
£
3,551
1,949
1,727
1,746
5,278
3,695
At 1/4/21
At 31/3/22
£
£
£
354,062
(52,644)
301,418
-
-
-
354,062
(52,644)
301,418
£
£
£
112,574
(165,218)
(52,644)
10,000
(10,000)
-
122,574
(175,218)
(52,644)
Net movement
in funds
Resources
expended
Incoming
resources
Movement in
funds| |---|---| In 2021 trustees made donations of £9,519 to the Winter Night Shelters Project. - 12 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2022** ## **10. LIABILITY OF MEMBERS** The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the charitable company in the event of it being wound up while he or she is a member or within one year after he or she ceases to be a member. ## **11. GOING CONCERN** There are no material uncertainties about the charity's ability to continue as a going concern. ## **12. GENERAL INFORMATION** Faith in Action Merton Homeless Project is a charity constituted as a company and limited by a guarantee. The Charity is registered and domiciled in England. Its principal address is 30-32 Worple Road, London SW19 4EF - 13 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31 MARCH 2022** |**INCOMING RESOURCES**
**Voluntary income**
Donations and events
Gift aid
Grants
**Investment income**
Bank interest
**Total incoming resources**
**RESOURCES EXPENDED**
**Fundraising costs**
**Charitable activities**
Salaries
Social security
Pensions
Insurance
DBS checks
Telephone
Postage and stationery
Bank/salary charges
Hall hire and repairs
Computer costs and IT project
Staff/volunteer training/expenses
Sleeping bags, clothes and food parcels
Drop-In day costs
Equipment and other drop in expenses
Volunteer and service user travel
A10 non salary costs
Winter Night Shelters
Projects
Membership fees
**Governance costs**
Independent examiner's fee
Legal
Committee expenses
**Total resources expended**
**Net income**|2022
2021
£
£
95,638
185,664
15,717
19,402
10,000
10,000
121,355
215,066
1,219
87
122,574
215,153
999
1,124
122,080
111,903
4,202
3,422
5,971
5,568
911
879
-
-
554
625
67
132
30
2
24,000
25,738
2,547
1,759
972
410
401
11
5,890
3,443
-
-
493
785
1,723
1,211
-
9,519
2,538
-
110
110
172,490
165,517
1,728
1,620
-
-
-
-
1,728
1,620
175,216
168,261
(52,642)
46,892| |---|---| - 14 - **FAITH IN ACTION MERTON HOMELESSNESS PROJECT** ## **COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31 MARCH 2022** |Unrestricted
funds
£
**INCOMING AND ENDOWMENTS**
**Income from generated funds**
Donations and legacies
205,066
Income from investments
87
**Total incoming and endowments**
205,153
**EXPENDITURE**
Expenditure on raising funds
1,124
Expenditure on charitable activities
157,137
**Total resources expended**
158,261
**NET INCOMING/(OUTGOING RESOURCES)**
46,892
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
307,170
**TOTAL FUNDS CARRIED FORWARD**
354,062|2021
Restricted
Total
funds
funds
£
£
10,000
215,066
-
87
10,000
215,153
-
1,124
10,000
167,137
10,000
168,261
-
46,892
-
307,170
-
354,062| |---|---| - 15 -