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2021-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Suncoast Church

(A company limited by guarantee) Charity registration number: 1108845 Company registration number: 05331510

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

SUNCOAST CHURCH

CONTENTS

Legal and Administrative Information 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 19

SUNCOAST CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Registration 1108845 Number Company Registration 05331510 Number Trustees Robert Milburn Smillie Peter Sinclair Dobson Jonathon Robinson Registered address 3 Courtlands Road Eastbourne East Sussex BN22 8TR Bankers HSCB 94 Terminus Road Eastbourne East Sussex BN21 3ND Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

Page 1

SUNCOAST CHURCH

TRUSTEES' REPORT

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2021.

Objectives and activities

Objects and aims

The company's objectives and principal activities are:

These objectives are progressed through the various activities and departments in the life of the church, continuing to work increasingly within the community in which it is based.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Structure, governance and management

Nature of governing document

The company is constituted under a Memorandum of Association dated 13/01/2005 and is a registered charity number 1108845.

Recruitment and appointment of trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The directors look for persons of proven integrity who share the vision and objectives of the charity and who have the relevant wisdom and experience to contribute to the running of the company. Under the requirements of the Memorandum and Articles of Association the Senior Pastor remains chairman of the company. The remaining board members retire by rotation.

Induction and training of trustees

Each new director is provided with the relevant Charity Commission publications, a copy of the Memorandum and Articles of Association and at a meeting with the Chairman fully briefed on the operation of the company and the responsibility of the directors.

Page 2

SUNCOAST CHURCH

TRUSTEES' REPORT

Organisational structure

The charity, based in Eastbourne is governed by a board of directors who are responsible for all financial decisions and management. The members of the board of directors work in close consultation with members of the Senior Leadership Team who are responsible for the formulating and implementing of strategy and planning as well as the oversight of various departments.

The activities of the charity are facilitated by regular Sunday meetings and special events, a network of house groups and community based projects which include a children's outreach program and street chaplaincy. The charity also works with Eastbourne Churches Working Together and other local community support groups such as Foodbank and Street Pastors.

Risk management

The directors are confident that risks are kept to a minimum through strict financial control with regular reviews. The directors consider that the main risk to the company would be a reduction in the size of the church membership or its ability and desire to give. This risk is managed through regular reporting of giving trends and active development of the growing vision. Church membership has increased and the directors are confident that it will continue increasing at this time.

Relations with other organisations

The charitable company is part of the International Network of Churches and makes covenanted payments to its European Oversight, I.N.C., and makes occasional donations to its international relief charity, Global Compassion.

Review of charitable activities undertaken

Advancement of the Christian faith:

During this year of Covid 19 lockdowns the charity continued to employ one full time pastor/evangelist for the purposes of evangelism and the organisation of evangelistic events, most of which were streamed online.

The charity also increased the hours of its part-time administrator to full-time to better facilitate the aims and objectives of the charity.

The charity continued to lease a building, which was used to provide the local community with a place of worship whenever Covid 19 lockdowns were eased.

When not in lockdown, the building continued to provide accommodation for local community groups/charities such as the Performance Factory and the Blood Bank.

When not in lockdown due to Covid 19, the charity continued to conduct in-person Sunday morning services throughout the year. During periods when lockdowns prevented this, Sunday services were live streamed via Facebook and later uploaded to YouTube with a number of people embracing or returning to the Christian faith in response, including several based outside the U.K.

Page 3

SUNCOAST CHURCH

TRUSTEES' REPORT

Midweek meetings conducted via Zoom were also held to promote the Christian faith. The charity also moved its engaging children’s program online via Zoom during these lockdowns.

Overseas Missionary Support: The charity continued to provide regular financial support for a full-time missionary couple based in Southern Mexico. This couple had been members of the church for several years before undertaking the move to Mexico. A mentoring relationship with them continues via Zoom.

Advancement of education:

The charity continued to run a short-term educational program called ‘Growth Track’ for prospective members of the church which in the future will be conducted three times per year.

A support group for newly arrived Christian asylum seekers in Eastbourne was set up on a weekly basis at the church premises in early 2021 when lockdown was eased. The charity supplied Christian books for these asylum seekers and teaching was given on many subjects relevant to the Christian faith.

The charity made monthly contributions to INC Europe, which is a charity that organises Christian conferences and seminars in the UK.

The charity produced online video content to support our children’s work during lockdowns.

Relief of persons in need:

Covid 19 lockdowns in Nepal and Bangladesh brought much hardship to the most disadvantaged in these countries in the form of unemployment and food scarcity. The Charity partnered with two NGOs in these nations and sent £2000 for emergency relief.

In Central and Eastern Bulgaria Covid 19 lockdowns severely impacted the Gypsy communities there. Being unable to travel and work many families found themselves needing emergency food relief. Some families also lost a parent to Covid 19 leaving them without a breadwinner. The charity partnered with an NGO based in Plovdiv, central Bulgaria and provided £1,048 for the purchase of food staples.

Locally, the charity continued to partner with the local branch of the Foodbank, providing a food drop off point within the building. A donation of £200 was also made to the local charity Matthew 25 for their work feeding the homeless of Eastbourne, and a donation of £550 was made to People Matter, a local charity helping the unemployed of the town to find jobs. The charity also purchased new winter clothing for some locally based asylum seekers.

The charity provided funds for the 72 boys and girls of ‘Hope House’ in Bangladesh to have a Christmas dinner. ‘Hope House’ is a children’s home for orphaned and abandoned children. Left over funds were used to buy clothes for the children.

Page 4

SUNCOAST CHURCH

TRUSTEES' REPORT

The charity provided funds of £787 for the basic needs of individuals on a drug and alcohol recovery program at a rehabilitation centre in central Ukraine. The funds were also used to take care of the basic needs of the 50 (approx.) elderly residents of a care home run by the same NGO. Many of these elderly people are physically disabled and are visually impaired and cannot draw the meagre state pension due to a lack of personal documentation.

Financial review

Income for the year amounted to £142,303 (2020 - £154,420) and expenditure £117,907 (2020 - £117,907). The surplus was added to funds brought forward, with balances at the year end being £109,184 for unrestricted and £8,058 for restricted funds.

Investment policy and objectives

As INC is still pioneering its work in Europe, all funds generated are used to progress the objectives and visions of the organisation. Investment policy will be reviewed as the church continues to grow.

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.

Page 5

SUNCOAST CHURCH TRUSTEES' REPORT

Statement of Responsibilities

The trustees (who are also the directors of Suncoast Church for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. 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 charitable 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 charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The annual report was approved by the trustees of the charity on 19 November 2021 and signed on its behalf by:

......................................... Robert Milburn Smillie Trustee

Page 6

SUNCOAST CHURCH

INDEPENDENT EXAMINER'S REPORT

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021 which are set out on pages 8 to 19.

Respective responsibilities of trustees and examiner

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

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

Independent examiner’s statement

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

  1. accounting records were not kept in respect of Suncoast Church 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.

...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

19 November 2021

Page 7

SUNCOAST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note
Unrestricted
£
Income and Endowments from:
Donations and legacies
3
126,662
Charitable activities
4
-
Investment income
5
65
Other income
6
4,950
Total income
131,677
Expenditure on:
Charitable activities
7
114,455
Total expenditure
114,455
Net income
17,222
Transfers between funds
392
Net movement in funds
17,614
Reconciliation of funds
Total funds brought
forward
91,570
Total funds carried
forward
14
109,184		 Restricted
£
10,626
-
-
-
10,626
3,452
3,452
7,174
(392)
6,782
1,276
8,058		 Total
2021
£
137,288
-
65
4,950
142,303
117,907
117,907
24,396
-
24,396
92,846
117,242		 Total
2020
£
133,121
32
124
21,143
154,420
120,713
120,713
33,707
-
33,707
59,139
92,846

The notes on pages 10 to 19 form an integral part of these financial statements. Page 8

SUNCOAST CHURCH

REGISTERED NUMBER: 05331510

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: Amounts falling due within one year
13
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
14		 2021
£
3,170
10,321
108,171
118,492
(4,420)
114,072
117,242
8,058
109,184
117,242		 2020
£
4,226
15,712
77,828
93,540
(4,920)
88,620
92,846
1,276
91,570
92,846

For the financial year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on 19 November 2021 and signed on their behalf by:

......................................... Robert Milburn Smillie Trustee

The notes on pages 10 to 19 form an integral part of these financial statements. Page 9

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Suncoast Church 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 notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

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

Page 10

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Gift aid

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Charitable activities

Charitable expenditure comprises those 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 of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Page 11

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Short-term leasehold property over remainder of lease Office equipment 25% reducing balance method

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

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.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

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.

Page 12

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

3 Income from donations and legacies

Unrestricted
funds
General
£
Donations and legacies;
Donations
106,195
Gift aid reclaimed
20,467
126,662
4 Income from charitable activities
Cafe Sales
5 Investment income
Unrestricted
funds
General
£
Interest receivable and
similar income;
Interest receivable on
bank deposits
65
6 Other income
Unrestricted
funds
General
£
Rental income
4,950		 Restricted
funds
£
10,626
-
10,626
Restricted
funds
£
-
Restricted
funds
£
-		 Total
2021
£
116,821
20,467
137,288
Total
2021
£
-
Total
2021
£
65
Total
2021
£
4,950		 Total
2020
£
117,432
15,689
133,121
Total
2020
£
32
Total
2020
£
124
Total
2020
£
21,143

Page 13

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

7 Expenditure on charitable activities

Note
Church activities
and mission
Premises costs
and hall hire
Equipment costs
National
organisation
seed
Travelling
expenses
Manse costs
Hospitality and
catering
Insurance,
subscriptions and
Postage,
stationery and
Bank charges
and currency
costs
Bookkeeping
Legal and
professional fees
Independence
examination
Depreciation,
amortisation and
other similar
costs
Grant funding of
activities
8
Staff costs
10		 Unrestricted
funds
General
£
1,149
41,705
754
5,587
87
10,055
97
3,313
4,287
404
3,168
-
810
963
4,784
37,292
114,455		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
94
3,358
-
3,452		 Total
2021
£
1,149
41,705
754
5,587
87
10,055
97
3,313
4,287
404
3,168
-
810
1,057
8,142
37,292
117,907		 Total
2020
£
3,527
45,673
1,526
5,534
2,045
10,055
2,846
2,677
3,521
560
3,168
491
810
1,408
5,733
31,139
120,713

Page 14

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

8 Grant-making

Analysis of grants

Grants

Grants to institutions 2021 2020 £ £ 8,142 5,733

9 Trustees remuneration and related party transactions

Mr R Smillie, a trustee, and his wife are employees of the charity and received gross income of £37,292 (2020 - £31,139). The charity also paid £10,055 (2020 - £10,055) for their living accommodation.

The only other payments made to the trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.

10 Staff costs

The aggregate payroll costs were as follows:

2021 2020 £ £ Staff costs during the year were: Wages and salaries 37,292 31,139

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

2021 2020 No No Staff 2 2

No employee received emoluments of more than £60,000 during the year.

Page 15

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

11 Tangible fixed assets

11 Tangible fixed assets
Land and
buildings
£
Cost
At 1 April 2020
123,988
Additions
-
At 31 March 2021
123,988
Depreciation
At 1 April 2020
123,988
At 31 March 2021
123,988
Net book value
At 31 March 2021
-
At 31 March 2020
-
12 Debtors
Prepayments
Accrued income
Other debtors
13 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 Land and
buildings
£
123,988
-		 Office
equipment
£
38,462
(34,236)
4,226
1,056
1,056
3,170
37,406
2021
£
280
7,339
2,702
10,321
2021
£
1,195
458
1,917
850
4,420		 Total
£
162,450
(34,236)
128,214
125,044
125,044
3,170
37,406
2020
£
9,762
5,410
540
123,988 4,226
123,988 1,056
123,988 1,056
- 3,170
- 37,406
2021
£
280
7,339
2,702
10,321
2021
£
1,195
458
1,917
850
4,420
15,712
2020
£
1,508
1,075
1,487
850
4,920

Page 16

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

14 Funds

Statement of funds - current year

Unrestricted funds
General
General Funds
Designated
Dilapidation fund
Rent fund
Total unrestricted
funds
Restricted funds
Building fund
Sound equipment
Global Compassion
Global Compassion:
Hope House
Church planting fund
Specific gifts
Church and
community needs
Ukraine fund
Bangladesh Motorcycle
Total funds		 Balance
at 1 April
2020
£
1,570
48,000
42,000
90,000
91,570
266
376
5
145
110
-
343
31
-
1,276
92,846		 Incoming
resources
£
131,677
-
-
-
131,677
60
-
1,220
10
-
859
110
757
7,610
10,626
142,303		 Resources
expended
£
(114,455)
-
-
-
(114,455)
-
(94)
(1,225)
(155)
-
(754)
(436)
(788)
-
(3,452)
(117,907)		 Transfers
£
392
-
-
-
392
-
(282)
-
-
(110)
-
-
-
-
(392)
-		 Balance
at 31
March
2021
£
19,184
48,000
42,000
90,000
109,184
326
-
-
-
-
105
17
-
7,610
8,058
117,242

Page 17

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

Restricted funds:

Building and sound equipment fund: These were donations received for the purpose of funding the cost of improvements and future running costs of the new church building. The transfer from restricted to unrestricted funds was for the purchase of an asset to be held for general use.

Other funds: These represent the activities of the church and specific donations are received to support work carried out both locally and internationally. The church planting fund has been transferred to general funds with the express permission of the donor.

Statement of funds - prior year

Unrestricted funds
General
General Funds
Designated
Dilapidation fund
Rent fund
Total unrestricted
funds
Restricted funds
Building fund
Sound equipment
Global Compassion
Global Compassion:
Hope House
Church planting fund
Specific gifts
Church and
community needs
Ukraine fund
Total funds		 Balance
at 1 April
2019
£
(32,173)
48,000
42,000
90,000
57,827
206
501
-
167
10
-
428
-
1,312
59,139		 Incoming
resources
£
150,930
-
-
-
150,930
60
-
58
786
100
565
250
1,671
3,490
154,420		 Resources
expended
£
(117,187)
-
-
-
(117,187)
-
(125)
(53)
(808)
-
(565)
(335)
(1,640)
(3,526)
(120,713)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance
at 31
March
2020
£
1,570
48,000
42,000
90,000
91,570
266
376
5
145
110
-
343
31
1,276
92,846

Page 18

SUNCOAST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2021

15 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
3,170
-
20,434
90,000
(4,420)
-
19,184
90,000
Unrestricted funds
General
£
Designated
£
4,226
-
2,264
90,000
(4,920)
-
1,570
90,000		 Restricted
funds
£
-
8,058
-
8,058
Restricted
funds
£
376
900
-
1,276		 Total funds
at 31
March
2021
£
3,170
118,492
(4,420)
117,242
Total funds
at 31
March
2020
£
4,602
93,164
(4,920)
92,846

Page 19