2020-12-31-accounts - Honeyrose Foundation

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		Page	Page
Chairman's Report		1
Report of the Trustees	2	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	6	to	14
Detailed Statement of Financial Activities	15	to	16

				31.12.20	31.12.19
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXED ASSETS
Tangible assets	6	27,048	1,024	28,072	26,870
CURRENT ASSETS
Cash at bank and in hand		54,354	23,084	77,438	6,123
CREDITORS
Amounts falling due within one year	7	(9,024)		(9,024)	(9,230)
NET CURRENT ASSETS		45,330	23,084	68,414	(3,107)
TOTAL ASSETS LESS CURRENT
LIABILITIES		72,378	24,108	96,486	23,763
CREDITORS
Amounts falling due after more than one
year	8	(50,000)		(50,000)
NET ASSETS		22,378	24,108	46,486	23,763
FUNDS	10
Unrestricted funds				22,378	(521)
Restricted funds				24,108	24,284
TOTAL FUNDS				46,486	23,763

Raising donations and legacies
	31.12.20	31.12.19
	E	E
Telephone	20	4,871
Postage and stationery	503	1,561
Fundraising costs	4,200	450
Repairs to donations		3,794
Shop stock	(1,512)	2,560
Vehicle costs	19,345	3,253
Travel and transport		6,315
Volunteer expenses		3,108
Support costs	140,007	92,771
	162,563	118,683
Investment management costs
	31.12.20	31.12.19
		E
Administrative expenses	187	2,775
Maintenance charges	903
	1,090	2,775
Aggregate amounts	166,259	228,474

6.	TANGIBLE FIXED ASSETS
		Fixtures
		and	Motor
		fittings	vehicles	Totals
		£	£	£
	COST
	At 1 January 2020	57,597	18,174	75,771
	Additions	8,220	−	8,220	..
	At 31 December 2020	65,817	18,174	83,991
	DEPRECIATION
	At 1 January 2020	45,266	3,635	48,901
	Charge for year	4,110	2,908	7,018
	At 31 December 2020	49,376	6,543	55,919
	NET BOOK VALUE
	At 31 December 2020	16,441	11,631	28,072
	At 31 December 2019	12,331	14,539	26,870
7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.12.20	31.12.19
			£	£
	Bank loans and overdrafts (see note 9)		5,803	8,510
	Taxation and social security		2,501	−
	Other creditors		720	720
			9,024	9,230

8.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			3112.20		31.12.19
	Bank loans (see note 9)			50,000
9.	LOANS
	An analysis of the maturity of loans is given below:
			31.12.20		31.12.19
	Amounts falling due within one year on demand:
	Bank loans			5,803	8,510
	Amounts falling between one and two years:
	Bank loans −1−2 years			50,000
10.	MOVEMENT IN FUNDS
				Net
			movement		At
		At 1.1.20	in funds		31.12.20
	Unrestricted funds
	General fund	(521)		22,899	22,378
	Restricted funds
	Restricted funds	24,284		(176)	24,108
	TOTAL FUNDS	23,763		22,723	46,486
	Net movement in funds, included in the above are as follows:
		Incoming	Resources		Movement
		resources	expended		in funds
	Unrestricted funds
	General fund	230,903	(208,004)		22,899
	Restricted funds
	Restricted funds			(176)	(176)
	TOTAL FUNDS	230,903	(208,180)		22,723

		Net
		movement	At
	At 1.1.19	in funds	31.12.19
Unrestricted funds
General fund	(1,664)	1,143	(521)
Restricted funds
Restricted funds	24,684	(400)	24,284
TOTAL FUNDS	23,020	743	23,763
Comparative net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	272,347	(271,204)	1,143
Restricted funds
Restricted funds		(400)	(400)
TOTAL FUNDS	272,347	(271,604)	743
A current year 12 months and prior year 12 months combined position is as follows:
		Net
		movement	At
	At 1.1.19	in funds	31.12.20
Unrestricted funds
General fund	(1,664)	24,042	22,378
Restricted funds
Restricted funds	24,684	(576)	24,108
TOTAL FUNDS	23,020	23,466	46,486

Detailed Statement of Financial Activities for the Year Ended 31 December 2020
	31.12.20	31.12.19
INCOME AND ENDOWMENTS
Donations and legacies
Donations	55,918	131,608
Grants from other charities		250
	55,918	131,858
Other trading activities
Shop income	81,485	140,918
Other income
Rental income	316	(429)
COVID grants	37,000
Job Retention Scheme income	56,184
	93,500	(429)
Total incoming resources	230,903	272,347
EXPENDITURE
Raising donations and legacies
Telephone	20	4,871
Postage and stationery	503	1,561
Fundraising costs	4,200	450
Repairs to donations		3,794
Shop stock	(1,512)	2,560
Vehicle costs	19,345	3,253
Travel and transport		6,315
Volunteer expenses		3,108
	22,556	25,912
Other trading activities
Purchases		4,556
Commission	900
Business development	1,706	20,385
	2,606	24,941

Detailed Statement of Financial Activities for the Year Ended 31 December 2020
	31.12.20	31.12.19
Other trading activities
Investment management costs
Administrative expenses Maintenance charges	187 903	2,775
	1,090	2,775
Other
Other operating leases	33,732	42,991
Training	708	139
Wishes	5,981
Interest payable	1,500
	41,921	43,130
Support costs
Management
Rates and water	6,948	4,413
Insurance	5,356	3,895
Light and heat	16,365	11,876
Advertising	975	2,883
Sundries	3,520	3,966
Subscriptions	992	2,230
	34,156	29,263
Finance
Bank charges	2,056	1,192
Governance costs
Accountancy and legal fees	780	440
Allocated support costs	95,997	137,233
Fixtures and fittings	4,110	3,083
Motor vehicles	2,908	3,635
	103,795	144,391
Total resources expended	208,180	271,604
Net income	22,723	743