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2021-03-31-accounts

Registered number: 08451766 Charity number: 1107645

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 4
Trustees' responsibilities statement 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8 - 9
Notes to the financial statements 10 - 19

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees

Kerry Flood, Secretary Martin Prestidge Stephen Simcox Luke Cotterill Ian Cotterill

Company registered number

08451766

Charity registered number

1107645

Registered office

6 School Road Wombourne West Midlands WV5 9ED

Chief executive officer

Chris Flood

Accountant

JMS Accountants Ltd 6 School Road Wombourne Wolverhampton West Midlands WV5 9ED

Bankers

National Westminster Bank plc 3 Church Street Oldbury West Midlands B69 3AD

Page 1

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the Sandwell Irish Community Association for the year 1 April 2019 to 31 March 2020. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) 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 2015) as amended by Update Bulletin 1 (effective January 2015).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Annual report 2020-2021

Chris Flood, Exc Chair / CEO.

Welcome to our limited Annual Report, for the Sandwell Irish Community Association. Our organisation has delivered services and support to our local community for thirteen years; here, in Langley village, as you will be aware by now, this report is limited due to circumstances beyond our control. At the beginning of 2019 there was still relative ignorance as to what was about to take place, and the impact it would have on our daily lives; both, personally and for work.

Of course for the UK, it included the double whammy of both a worldwide Pandemic and Brexit; of which, we still have to understand what the full consequence and impact will be on our community and the UK overall, but history will judge us on our reactions to both successes and failures; hopefully we can learn lessons and repair the divide and progress.

Everyone will have their own memories, both good, and bad of the personal journey they have made through this virus. As we emerge slowly but surely from the pandemic, the question now; is how do we move forward, as both individuals and community; is it, back to the old ways of working, with the same systems and goals in place, which in a lot of cases were just being able to survive to the next year; or, do we take this opportunity for radical and progressive change.

Words come easy, actions can be harder, in our case we are sometimes reliant on others to move our agenda forward, when this happens flexibility is key and one of SICA key strengths is always having a Plan B, so moving into the future we will continue with our core values have a flexible approach to any situation provide the structure to enable a continuation of an organisation philosophy that has been built over many years. We will plan for the uncertainty that surrounds all sectors and key areas we work in, but will strive for that radical and progressive agenda and make sure it is at the forefront of our decision making.

Eva

My name is Eva Flood and I have been volunteering at Sandwell Irish Community Association since January 2019.

Initially I came on board to cover an unexpected staff absence and with no previous office experience I was very much thrown in at the deep end with greeting people, answering the telephone, responding to queries or signposting to external services, filing, photocopying and all other reception duties. It was very much a case of ‘on the job learning’, which continues to this day.

After a 4 month absence, the staff member concerned returned to work however I have continued as a regular volunteer with the organisation, gaining valuable work experience.

To further aid my development I have under taken a number of short courses which I hope will go towards

Page 2

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

securing a job working with the elderly and vulnerable – my passion for which was realised when I became involved with SICA’s ‘Good Neighbours Scheme’.

I am now Level 2 qualified in Falls Prevention, I am trained in Alcohol & Drug Awareness, I have completed Walk Leader training and in the near future I hope to become a qualified first aider.

Achievements & Performance

Achievements for this term are limited, in fact have stagnated we are in the process of revaluating the structure of organisation, to cope with any change in the hope the organisation can continue to function and delivery its key services.

Lodge

With our service suspended for most of this year we didn’t have chance to deliver on key aspect of our services however we did have some limited classes i.e. Art Class and ESOL class used the centre during mini break from lock down.

When full services are re-established after the pandemic we are hopeful we will continue to support our established groups –

SICA lunch club Black Country Mental Health Team (NHS) SAFL Art Class Fit Box Extend Class Carl Fitness group Spotlight Dance Group Kids .org Young carers’ group

Future plans

Our future plans are very much dependent on external pressures and others, this is to whether will we get the chance to put forward and implement our agenda for radical progression change we will however put forward a robust argument with a full cost proposals, we will have more details when it becomes available. We would like to take this opportunity to thank our friends and supporters and to assure them we will come through this and together we will build back better than Boris.

Public Benefit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Financial Review

Our income was £51,923 and our expenditure was £36,922. General unrestricted reserves are £21,187 and restricted funds are £4,571 so remain at an acceptable level.

Reserves Policy

The company aims to hold general (unrestricted) reserves of 3 months running costs.

Page 3

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, Governance and Management

Constitution

Sandwell Irish Community Association is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

Methods of appointment or election of Trustees

Sandwell Irish Community Association is governed by a board of Trustees who are elected and co-opted under the terms of the Memorandum of Association.

The Board appoint a Chief Executive to help manage the organisation along with the strategic development of the company.

Approved by order of the members of the board of Trustees on 21 December 2021 and signed on their behalf by:

Luke Cotterill (Trustee)

Kerry Flood (Trustee)

Page 4

SANDWELL IRISH COMMUNITY ASSOCIATION (A company limited by guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 21 December 2021 and signed on its behalf by:

Luke Cotterill (Trustee)

Kerry Flood (Trustee)

Page 5

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent examiner's report to the Trustees of Sandwell Irish Community Association ('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 Trustees of the Company (and 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 the Company's accounts 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.

Signed: Dated: 21 December 2021 Melissa Smith CIMA dip MA, MAAT

6 School Road, Wombourne, Wolverhampton WV5 9ED

Page 6

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Charitable activities
3
Other income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
35,073
200
35,273
19,591
19,591
15,682
5,505
15,682
21,187		 Restricted
funds
2021
£
16,650
-
16,650
17,331
17,331
(681)
5,252
(681)
4,571		 Total
funds
2021
£
51,723
200
51,923
36,922
36,922
15,001
10,757
15,001
25,758		 Total
funds
2020
£
37,903
500
38,403
47,093
47,093
(8,690)
19,447
(8,690)
10,757

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 19 form part of these financial statements.

Page 7

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee) REGISTERED NUMBER: 08451766

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 370
26,907
27,277
(1,519)		 2021
£
-
25,758
25,758
25,758
25,758
4,571
21,187
25,758		 357
12,159
12,516
(1,759)		 2020
£
-
10,757
10,757
10,757
10,757
5,252
5,505
10,757

Page 8

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee) REGISTERED NUMBER: 08451766

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

The financial statements were approved and authorised for issue by the Trustees on 21 December 2021 and signed on their behalf by:

Luke Cotterill Kerry Flood (Trustee) (Trustee)

The notes on pages 10 to 19 form part of these financial statements.

Page 9

SANDWELL IRISH COMMUNITY ASSOCIATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association in March 2013.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Sandwell Irish Community Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 10

SANDWELL IRISH COMMUNITY ASSOCIATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term 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.

2.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.7 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 11

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3. Income from charitable activities

Unrestricted
funds
2021
£
Income from charitable activities - Sandwell
MBC - wages
-
Income from charitable activities - Room hire
5,894
Income from charitable activities - Sandwell
MBC - Summer festival peace event
-
Income from charitable activities - Sandwell
MBC - Small Business Grant Fund
10,000
Income from charitable activities - HMRC -
CJRS
17,845
Income from charitable activities - Sandwell
MBC - COVID grant
1,334
Income from charitable activities - Sandwell
MBC - Langley lights
-
Total 2021
35,073
Total 2020
17,914		 Restricted
funds
2021
£
16,650
-
-
-
-
-
-
16,650
19,989		 Total
funds
2021
£
16,650
5,894
-
10,000
17,845
1,334
-
51,723
37,903		 Total
funds
2020
£
16,485
17,724
1,292
-
-
-
2,402
37,903

4. Other incoming resources

Other incoming resources
Total 2020		 Unrestricted
funds
2021
£
200
500		 Total
funds
2021
£
200
500		 Total
funds
2020
£
500

Page 12

(A company limited by guarantee)

SANDWELL IRISH COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2021
£
Sandwell MBC - wages
-
Room hire
19,591
Sandwell MBC - Summer festival peace event
-
Sandwell MBC - Langley
-
Sandwell MBC - Good neighbours
-
19,591
Total 2020
24,468		 Restricted
funds
2021
£
16,650
-
-
681
-
17,331
22,625		 Total
funds
2021
£
16,650
19,591
-
681
-
36,922
47,093		 Total
funds
2020
£
16,485
24,468
1,403
3,182
1,555
47,093

6. Analysis of expenditure by activities

Sandwell MBC - wages
Room hire
Sandwell MBC - Summer festival peace event
Sandwell MBC - Langley lights
Sandwell MBC - Good neighbours
Total 2020		 Activities
undertaken
directly
2021
£
16,650
10,882
-
681
-
28,213
34,655		 Support
costs
2021
£
-
8,709
-
-
-
8,709
12,438		 Total
funds
2021
£
16,650
19,591
-
681
-
36,922
47,093		 Total
funds
2020
£
16,485
24,468
1,403
3,182
1,555
47,093

Page 13

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Wages and salaries
Events
Travelling
Facilitators
Lunches
Volunteers travel & subsistence
Staff training
Total 2020
Wages and salaries
Events
Travelling
Facilitators
Lunches
Volunteers travel & subsistence
Staff training
Total 2020		 Sandwell
MBC -
wages
2021
£
16,650
-
-
-
-
-
-
16,650
16,485		 Room hire
2021
£
10,844
-
-
-
22
16
-
10,882
12,030
Sandwell
MBC - Good
neighbours
2021
£
-
-
-
-
-
-
-
-
1,555		 Sandwell
MBC -
Summer
festival
peace event
2021
£
-
-
-
-
-
-
-
-
1,403
Total
funds
2021
£
27,494
681
-
-
22
16
-
28,213
34,655		 Sandwell
MBC -
Langley
lights
2021
£
-
681
-
-
-
-
-
681
3,182
Total
funds
2020
£
26,503
4,585
981
1,603
865
100
18
34,655

Page 14

(A company limited by guarantee)

SANDWELL IRISH COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Electricity
Repairs and maintenance
Telephone
Equipment rental
Printing, postage, stationery
Cleaning
Water
Sundry expenses
Professional fees
Computers and software
Insurance		 Total
funds
2021
£
2,280
1,687
371
2,397
120
7
313
48
350
492
644
8,709		 Total
funds
2020
£
3,462
2,400
482
2,626
992
300
345
137
610
368
716
12,438

7. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 400 450
Fees payable to the Company's independent examiner in respect of:
All other services not included above 160 160

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, expenses totalling £ NIL were reimbursed or paid directly to Trustee (2020 - £71 to 1 Trustee) .

Page 15

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. Debtors

Due within one year
Prepayments and accrued income		 2021
£
370
370		 2020
£
357
357

10. Creditors: Amounts falling due within one year

Other taxation and social security
Pension fund loan payable
Accruals and deferred income		 2021
£
588
-
931
1,519		 2020
£
376
150
1,233
1,759

11. Financial instruments

2021 2020
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 26,907 12,159

Financial assets measured at fair value through income and expenditure comprise of assets held for trading and those financial assets designated as being held at fair value through profit or loss.

Page 16

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Unallocated amounts
Restricted funds
Restricted Funds - all funds
Total of funds		 Balance at 1
April 2020
£
5,505
-
5,505
5,252
10,757		 Income
£
35,273
-
35,273
16,650
51,923		 Expenditure
£
(19,499)
(92)
(19,591)
(17,331)
(36,922)		 Balance at
31 March
2021
£
21,279
(92)
21,187
4,571
25,758

Page 17

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Funds - all funds
Total of funds		 Balance at
1 April 2019
£
11,559
7,888
19,447		 Income
£
18,414
19,989
38,403		 Expenditure
£
(24,468)
(22,625)
(47,093)		 Balance at
31 March
2020
£
5,505
5,252
10,757

13. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
April 2020
£
5,505
5,252
10,757
Balance at
1 April 2019
£
11,559
7,888
19,447		 Income
£
35,273
16,650
51,923
Income
£
18,414
19,989
38,403		 Expenditure
£
(19,591)
(17,331)
(36,922)
Expenditure
£
(24,468)
(22,625)
(47,093)		 Balance at
31 March
2021
£
21,187
4,571
25,758
Balance at
31 March
2020
£
5,505
5,252
10,757

Page 18

SANDWELL IRISH COMMUNITY ASSOCIATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Current assets
22,706
Creditors due within one year
(1,519)
Total
21,187		 Restricted
funds
2021
£
4,571
-
4,571		 Total
funds
2021
£
27,277
(1,519)
25,758

Analysis of net assets between funds - prior year

Current assets
Creditors due within one year
Total		 Unrestricted
funds
2020
£
7,264
(1,759)
5,505		 Restricted
funds
2020
£
5,252
-
5,252		 Total
funds
2020
£
12,516
(1,759)
10,757

Page 19