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|||Fo|r the Year ende|d 31stJuly 2020|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
||||2020|2020|2020|2019|
|||Notes|5|6|5|6|
|Incoming Resources|||||||
|Donations|||782||782|1,314|
|Grants||||86,794|86,794|46,667|
|Income generated|from Activities||6,885|52,537|59,422|91,363|
|Interest Received|||600||600|792|
|Other Income|||0||0|287|
|Total Incoming|Resources||8,267|139,331|147,598|140423|
|Resources Expended|||||||
|Direct Costs||||40,255|40,255|39,811|
|Stafling Costs|||3,955|57,683|61,638|60,315|
|Administration|||4,606|18,408|23,014|23,064|
|Total Resources|Expended||8,561|116,346|124,907|123,190|
|Net Incoming Resources||||~22 985|22,691|~17233|
|Transfer between|Funds||||||
|Total Funds Brought Forward|||135,996|24,080|160,076|142,843|
|Total Funds Gamed Forward|||135,702|47,065|~182 767|160,076|
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|1)Accounting
Policies|1)Accounting
Policies|||||
|---|---|---|---|---|---|
|The principal
accounting
policies are summarised
below,||The accounting
policies have been applied||||
|consistently|throughout
the year and in the preceding
year.|||||
|a)|Basis ofaccounting|||||
||The financial statements
have been prepared|under the historical cost convention|in|accordance||
||with the Companies
Act 2006 and the Statement
of Recommended
Practice: Accounting||||and Reporting|
||by"Charities
issued
in March 2005.|||||
|b)|Fund Accounting|||||
||Unrestricted
funds are available
for use at the|discretion
ofthe trustees
in furtherance||of|the general|
||objectives ofthe charity|||||
||Restricted
Funds are subjected
to restrictions|on their expenditure
imposed
by the|donor.|||
|c)|Incoming Resources|||||
||All incoming
resources are included
in the statement
offinancial
activities when the charity is|||||
||entitled
to the income and the amount can be|quantified
with reasonable
accuracy.|The following|||
||specific policies are applied to particular
categories ofincome:|||||
||Voluntary
income
is received
by way ofgrants, donations
and gifts and||is|included||
||in full in the Statement of Financial|Activities when receivable.
Grants, where||||
||entitlement
is conditional
on the delivery
of a specific performance
by the|||charity||
||are recognised
where the charity becomes
unconditionally
entitled
to the|||grant.||
||The value of the services provided|by the volunteers
are accounted
for|when||earned.|
||Incoming
resources from activities|are accounted
for when earned.||||
|d)|Resources Expended|||||
||Expenditure
is recognised
on an accrual basis|as a liability is incurred. Expenditure|includes|||
||any VAT which cannot be fully recovered,
and|is reported as part ofthe expenditure||to which||
||it relates.|||||
||Expenditure
comprises
ofthose costs incurred|by the charity
in the delivery of its activities||||
||and services for its beneficiaries.
It includes
both costs that can be allocated
directly|||||
||to such activities and those costs ofan indirect nature necessary
to support them.|||||
|e)|Fixed Assets|||||
||Fixed assets are stated at cost less accumulated
depreciation.
Depreciation
is provided|||||
||at rates calculated
to write off the cost ofeach asset over its expected useful life.|||||
||Office and Training
Equipment|25% reducing
balance||||
||Furniture,
Fixtures
& Fittings|15%reducing
balance||||
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|Grants||||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
|Community
Foundation||||||9,966|9,966|9,603|
|Prime Fund||||||0|0|4,844|
|"jtelFeTFurid||||||0|0|9,200|
|The Benevolent|Fund|||||0||1,000|
|Coutts Albert Hunt Trust||||||0||2,000|
|Greggs Trust||||||0||1,000|
|Womens
Centenial||Fund||||0||3,663|
|Barbour Trust||||||0|0|2,500|
|Catherine
Cookson||Trust||||0|0|100|
|National
LoNery|Community||Fund|||0|0|9,603|
|SirJames Knott||||||4,000|4,000||
|Sir David Family||||||2,000|2,000||
|Shears Foundation||||||5,000|5,000||
|HMRC||||||27,828|27,828||
|Sunderland
City|Council|||||10,000|10,000||
|Gargeld Weston||||||8,000|8,000||
|Bernicia Foundation
Didymus||||||10,000
~10000|10,000
~10000|~3154|
|||||||86,794|86,794|46,667|
|Income Generated||from Activities|||||||
|||||Unrestricted||Restricted|Total|Total|
||||||||2020|2019|
|Sunderland
College||||||52,537|52,537|81,639|
|Room Hire|||||4,900||4,900|5,695|
|Creche|||||1,985||1,985|3,700|
|Other Income|||||0||0|329|
|||||~6885||~52 537|~59422|91,363|
|The Adult Education||and College||income is now being||treat as restricted|due to the dearly defined restricted||
|requriments
that|are needed||to justify||this income.||||
|Other Income||||Unrestricted||Restricted|2020|2019|
|Vending
Machine||||||||287|
##
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|Direct Costs|||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|Creche Workers|||||||23,736|23,942|
|Tutors|||||||16,519|15,869|
||||||||40,255|39,811|
|Staff Costs|||||||||
|No employee
earned||more|than|F60,000 durin the year|||61,638|60,315|
|Average no. ofemployees|||(induding||those in direct costs)||||
|Administration|||||||Total|Total|
|||||Unrestricted||Restricted|2020|2019|
|Accountancy|||||580||580|530|
|Cleaning,
Health|&Safety|||||240|240|197|
|Coffee
/ Water Machine|||||36||36||
|Companies
House|||||13||13||
|Depreciation|||||904||904|1,179|
|Insurance||||||1,215|1,215|971|
|Light and Heat||||||1,138|1,138|1,103|
|Printing
&Postage|||||928||928|1,044|
|Rates / Water|||||1,121||1,121|1,026|
|Rent||||||14,969|14,969|14,649|
|Repairs &Renewals|||||330||330|163|
|Travel|||||||0||
|Telephone
/ Internet|||||||446|447|
|Health
Insurance|||||484||484|757|
|Subscriptions/Prof|Fees||||155|200|355|784|
|Volunteer
and Travel||Expenses|||55|200|255|214|
||||||4,606|18,408|23,014|23,064|
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|Tangible|Fixed Assets|||||
|---|---|---|---|---|---|
|||Office &||Furniture||
|||Training||Fixtures
&||
|||~Eui|ment|~Fittin s|Total|
|Cost||||||
|As at 1st|August 2019|24,945||21,322|46,267|
|Additions|||||0|
|Disposals|||||0|
|As at 31stJuly 2020||24,945||21,322|46,267|
|Depreciation||||||
|As at 1st|August 2019|21,974||20,252|42,226|
|Charge forYear|||743|161|904|
|Elimated|on Disposal||||0|
|As at 31stJuly2020||22,717||20,413|43,130|
|NBV as at 31stJuly 2020|||2,228|909|3,137|
|NBV as at 31stJuly 2019|||2,971|1,070|4,041|
|Debtors||||2020|2019|
|Debtors||||12000|29,328|
|Prepayments||||4796|4,781|
|||||16796|34 109|
|Creditors||||2020|2019|
|Paya I Nl|||||959|
|Other Accruals||||580|540|
|||||580|1,499|
##
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|Analysts|ofNet Assets between|Funds|||
|---|---|---|---|---|
|||General|Restricted|Total|
|||Funds|Funds||
|Tangible|Rxed Assets|3,137||3,137|
|Current|Assets|133,145|47,065|180,210|
|Current|Uabfilfies|(580)||(580)|
|||135,702|47,065|182,767|
##
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|Movement
of Funds|||||||||
|---|---|---|---|---|---|---|---|---|
||||As at||Incoming|Outgoing||As st|
||||1stAU9ust||Resources|Resources|Transfers|31stJuly|
||||2019|||||2020|
|Kefiet Fund|||9200||0|(6,200)||3,0DO|
|Sherbum
House|||1,614||0|(1,614)||0|
|Womens
Centenary|Fund||3,663||0|(2,442)||1,221|
|The Nabonal
Lottery|Community|I|9,603||0|(6,403)||3.200|
|SirJames Knott|||||4,000|(4,000)||0|
|Sir David Famfiy|||||2,000|(2,000)||0|
|Shears Foundabon|||||5,000|0||5,000|
|HMRC|||||27,828|(27,828)||0|
|Sunderland
City Council|||||10,0DO|(10,000)||0|
|Garfield Weston|||||8,0DO|||8.000|
|CDCF|||||9,966|(3,322)||6.644|
|eemicia Foundaton|||||10,000|||10.000|
|Ddymus|||||10,000|||10.000|
|College|||||52.537|~52.537||0|
|Total Restrfcted|||24.080||139,331|(116,346)||47.065|
|||||||||0|
|Unrestricted
Funds||||||||0|
|Designated
Funds|||86,096||||1,500|87.596|
|General
Funds (Capital|||4,041||||(904)|3,137|
|General Funds(Revenue)|||45,859||8,267|(8,561)|(596)|44,969|
|General Funds|||135.996||8.267|~8.561||0
135.702|
|Total Funds|||I60.076||147.598|~124.907||182.767|
|Transfer of Funds to|Designated|represents||the increase|in provision for redundancy||||