TVCP
Accounts- 31st August 2020
## **TVCP**
_(A company limited by guarantee and not having a share capital)_
Charity number: 1113499 Company number: 5642155
Accounts – 31st August 2020
## **INDEX**
- 1-3. Report of the Trustees and General Information 4. Independent Examiner’s Report to the Trustees
5. Statement of Financial Activities
6. Balance Sheet
- 7-14. Notes to the Accounts
**Registered in England and Wales No: 5642155**
1.
## **TVCP**
## **REPORT OF THE TRUSTEES for the year ended 31st August 2020**
The trustees are pleased to present their annual report and financial statements of the charitable company for the year ended 31st August 2020 which are also prepared to meet the requirements for a directors’ report and accounts for Company Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 the Republic of Ireland (FRS 102) (effective 1st January 2015).
## **Reference and Administration Details**
The charity’s name is TVCP.
Charity Registration Number: 1113499
Company Number: 5642155
Registered and principal office: The Oakwood Centre, Cleasby Way, Eaglescliffe, Stockton-on-Tees, Teesside TS16 0RD
## **Trustees and Directors**
The Trustees of the charitable company (the charity) are its Directors for the purposes of company law. The Trustees and officers who served during the year and since the year end were as follows:
M Dunkley J West G Bond
A Malbon J Marley S McFarlane
## **Objectives and Activities**
The main objectives of the charity are:
- a) To provide and maintain services and facilities for the benefit of the community of Tees Valley and the surrounding neighbourhood and in such other local communities in the United Kingdom and the world as the Trustees may from time to time determine.
The main activities are to support the local community in all aspects of their lives, particularly life skills, education and leisure time occupation.
In planning the activities of the charitable company the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
The trustees hope that its activities will encourage people to make a positive contribution to their local community.
## **Achievements and Performance**
Despite the impact of Covid, the Trustees believe that this has been a successful year in achieving the aims and objectives of the Charity. The Charity had to adjust the way it worked on a number of projects due to Covid, however the Trustees believe the Charity was still able to successfully meet the aims and objectives of the Charity.
Once again thanks are expressed to Tees Valley Community Church (TVCC) for their ongoing practical and financial support.
**TVCP**
2.
## **REPORT OF THE TRUSTEES for the year ended 31st August 2020 (** Continued)
## **Achievements and Performance (continued)**
In the year the charity has run the following projects:
## **Three:13**
Three:13 is a training provider that works on a variety of projects, mainly working with people from socially deprived backgrounds, providing training and job opportunities to help people gain practical skills and to get into employment. 3:13 has continued to grow and there have been a number of new contracts secured to provide training. During the year the focus of training has evolved from short courses to also include longer training programmes providing practical work experience. A new contract was secured to work with Durham Tees Valley Community Rehabilitation Company (DTVCRC), providing training to people on community service schemes. In the year over 170 people were trained and received certificates from the contract with DTVCRC. There has also been a significant rise in the number of volunteers helping with all the training programmes. Also, in partnership with DTVCRC, 5 new members of staff have been employed to work on the training programmes.
## **CAP**
A debt counselling service (affiliated to Christians Against Poverty). It also provides money management courses in the community. We have an employed worker based in our premises providing the full debt and advice service to customers based in the Stockton area, and helping with practical needs such as food hampers and finding furniture and clothes for people. As the demand for services continues to grow we have been increasing the team of volunteers working in this project. Due to Covid, a lot of the work was done online and not in person, however the Charity was still able to help those in financial difficulty.
## **Eden Ragworth/Primrose Hill**
The work is well established within the community, with much of the work taking place at the Shack, a building situated within the heart of the local community. The various activities include a weekly breakfast club, a weekly lunch club, men’s groups, children’s work, schools work at the local primary school, St Johns Primary School and youth groups. Various courses have been undertaken, providing training to equip local residents for the job market.
The work of the team continues to expand and grow and they haver a continued relationship with Junction 42 to support ex-offenders with rehabilitation. This partnership continues to grow and has evolved into a weekly large group event where up to 80 people each week for friendship, support and encouragement.
Due to Covid, a lot of the work had to stop, however the Charity started providing and delivering free food parcels to those in the most need in the local community, in partnership with a local primary school.
A partnership with the Message Trust, a Christian charity, has been development and is seeing a Community Grocers being set up at the Shack.
## **Daniel Challenge**
This is a well established Gap year programme, and in the year there was a team of 8 people who started the programme, which is a mixture of training and qualifications and practical experience serving into local communities, gaining leadership skills and serving socially deprived areas. Due to Covid, unfortunately, Daniel Challenge had to finish early, however 6 participants still completed the formal qualifications.
## **Academy of Ministry and Leadership**
This 2 year course in Management and Leadership continues to thrive, with a number of people graduating from the course and a new cohort of students enrolling on the course.
## **Financial Review**
Total income for the year was £369,895. Total expenditure on charitable activities was £387,596. The balance on unrestricted funds at the year end was £66,271 and restricted funds £1,453.
The main source of income was from grants, donations and contracts to provide training.
**TVCP**
3.
## **REPORT OF THE TRUSTEES**
## **for the year ended 31st August 2020 (** Continued)
## **Reserves Policy**
The Trustees have set a reserves policy which requires maintaining free unrestricted cash balances in the general fund amounting to approximately 3 months salary of those staff involved in the training arm of the Charity.
Reserves should be maintained at this level which ensures that the charity’s core activity could continue during a period of unforeseen difficulty. The reserves should be maintained in an easily accessible form.
The calculation of the required level of reserves is an integral part of the organisation's annual planning, budget and forecast cycle. The level of reserves is considered reasonable and it takes into account risks associated with each stream of income and expenditure being different from that budgeted, planned activity level, future spending plans and expected liabilities and anticipated project costs. It also reflects as far as possible the current economic climate and trends.
The charity remains reliant on the support of TVCC, a related charity, towards its non-training activities, and there is no reason to anticipate this support will cease.
The reserves policy will be reviewed by the Trustees every 12 months.
## **Structure, Governance and Management**
## **Governing Document**
TVCP is a company limited by guarantee governed by its Memorandum and Articles of Association dated 1st December 2005, as amended by special resolution dated 12th April 2015. It is registered as a charity with the Charity Commission. Members of the charitable company guarantee to contribute amounts not exceeding £10 to the assets of the charitable company in the event of winding up.
## **Appointment of Trustees/Directors**
The trustees keep the composition of the board under review and will seek to appoint additional members with appropriate skills and expertise should the need arise. Interested parties are given details of the background of the charitable company in order to make them aware of current activities.
The methods of appointment of trustees are set out in the Articles of Association.
Members may propose the appointment of a person as a trustee at any general meeting by following the notice and other requirements set out in the Articles.
The charity may by ordinary resolution appoint a person who is willing to act as a trustee.
In selecting individuals for appointment, the trustees are required to have regard to the skills, knowledge and experience required for the effective administration of the charity.
This report has been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006.
This Report was approved by the Board on 17th May 2021
Signed on its behalf by: J West
Trustee
Eaglescliffe
## **TVCP**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report to the trustees on my examination of the accounts of TVCP for the year ended 31st August 2020.
## **Responsibilities and Basis of Report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner’s Statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
A P Williams FCCA A J Carter & Co Chartered Accountants
22b High Street Witney Oxon OX28 6RB 18th May 2021
5.
## **TVCP**
## **STATEMENT OF FINANCIAL ACTIVITIES**
_(including an income and expenditure account)_ **for the year ended 31st August 2020**
|Note
**Income from:**
Donations
3
Other trading activities
4
Investments
**Total incoming resources**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net income/(expenditure) and net**
**movement in funds for the year**
**Transfer between funds**
15
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2020**
**£**
**£**
**£**
122,249
66,740
188,989
180,906
-
180,906
-
-
-
303,155
66,740
369,895
314,125
73,471
387,596
314,125
73,471
387,596
(10,970)
(6,731)
(17,701)
-
-
-
(10,970)
(6,731)
(17,701)
77,241
8,184
85,425
£66,271
£1,453
£67,724|**Total**
**Funds**
**2019**
**£**
151,206
183,642
-|
|---|---|---|
|||334,848|
|||306,196|
|||306,196|
|||28,652
-|
|||28,652
56,773|
|||£85,425|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 7 to 14 form part of these financial statements
Registered in England and Wales: 5642155
6.
## **TVCP**
## **BALANCE SHEET**
**as at 31st August 2020**
|Note
**Fixed assets**
Tangible assets
11
**Total fixed assets**
**Current assets**
Debtors
12
Cash at bank and in hand
**Total current assets**
**Liabilities**
Creditors falling due within one year
13
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
14
**The funds of the Charity**
Restricted income funds
15
Unrestricted income funds
15
**Total charity funds**|**2020**
**£**
5,225
5,225
11,963
68,827
80,790
18,291
62,499
67,724
£67,724
1,453
66,271
£67,724|**2019**
**£**
9,471|
|---|---|---|
|||9,471|
|||20,385
81,067|
|||101,452
25,498|
|||75,954|
|||85,425|
|||£85,425|
|||8,184
77,241|
|||£85,245|
For the year ended 31st August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## **Directors’ Responsibilities**
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
The directors acknowledge their responsibilities for complying with the requirements of the act with respect to the accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006.
These accounts were approved by the board of directors and authorised for issue on: 17th May 2021 and are signed on their behalf by:
J West
...................................................... Director
The notes on pages 7 to 14 form part of these financial statements
**TVCP**
7.
## **NOTES TO THE ACCOUNTS**
## **for the year ended 31st August 2020**
## 1. **Accounting Policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a) **Basis of Preparation**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The charitable company constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
## b) **Income Recognition Policies**
Items of income are recognised and included in the accounts when all of the following criteria are met:
- The charity has entitlement to the funds;
- any performance conditions attached to the items of income have been met or are fully within the control of the charity;
- there is sufficient certainty that receipt of the income is considered probable; and
- the amount can be measured reliably.
Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.
## c) **Donated Services and Facilities**
In accordance with the Charities SORP (FRS 102) the general time of volunteers is not recognised in the accounts.
- d) **Interest Receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
- e) **Fund Accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
**TVCP**
8.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st August 2020** (continued)
- f) **Expenditure and Irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Expenditure on Charitable activities includes the cost of support of the community in Tees Valley and surrounding area as described in the Directors Report.
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
g) **Tangible Fixed Assets** Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on the straight line basis and reducing basis as follows:
IT Equipment - 25% per annum reducing balance Equipment - 25% per annum straight line Fixtures and fittings - 20% straight line Leasehold improvements - 20% straight line
## h) **Debtors**
Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
i) **Cash at Bank and in Hand** Cash at bank and cash 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.
j) **Creditors and Provisions** Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- k) **Pensions**
The Charity operates a defined contribution scheme, the assets of which are held outside the Charity. The contributions by the Charity in the year are detailed in note 7.
## 2. **Legal Status of the Charity**
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.
## 3. **Income from donations**
|Gifts, donations and grants|2020
£
188,989
£188,989|2019
£
151,206|
|---|---|---|
|||£151,206|
Of the £188,989 received in 2020 (2019: £151,206) £66,740 was restricted funds (2019: £75,693) and £122,249 (2019: £75,513) unrestricted funds.
**TVCP**
9.
**NOTES TO THE ACCOUNTS for the year ended 31st August 2020** (continued)
## **Income from Donations (continued)**
The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102) the economic contribution of general volunteers is not measured in the accounts.
## 4. **Income earned from other trading activity**
|**Income earned from other trading activity**|||
|---|---|---|
|Training income
Sale of goods and services|2020
£
167,248
13,658
£180,906|2019
£
171,724
11,918|
|||£183,642|
Of the £180,906 received in 2020 (2019: £183,642) £Nil was restricted funds (2019: £Nil) and £180,906 (2019: £183,642) unrestricted funds.
## 5. **Analysis of expenditure on charitable activities**
|Personnel/human resources
Premises costs
Project purchases and supplies
Motor and travel
Office and communication costs
Training resources, fees and events
Registrations and accreditation
Goods for re-sale
Depreciation
Other costs
Charitable donations the Message
Trust
Insurance
Licences, subscriptions and fees
Sundry expenditure
Legal and professional
Accountancy
**Total**|Community Christians
Training
General
Projects
Against
2020
Poverty
Total
£
£
£
£
£
62,071
16,627
242,444
-
321,142
5,884
-
5,084
-
10,968
1,712
93
637
-
2,442
2,092
398
11,879
-
14,369
796
692
10,136
62
11,686
1,005
-
6,073
-
7,078
-
-
1,581
-
1,581
450
-
-
-
450
3,826
-
420
-
4,246
226
-
1,933
245
2,404
3,504
-
-
-
3,504
1,220
-
-
1,836
3,056
-
-
-
480
480
-
-
-
2
2
12
25
281
-
318
-
-
-
3,870
3,870
£82,798
£17,835£280,468
£6,495£387,596|2019
Total
£
239,710
6,923
1,728
27,689
3,531
11,963
742
254
1,735
933
3,504
2,139
520
-
1,465
3,360
£306,196|
|---|---|---|
Of the £387,596 expenditure in 2020 (2019: £306,196), £314,125 was charged to unrestricted funds (2019: £235,418) and £73,471 to restricted funds (2019: £70,778).
10.
## **TVCP**
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st August 2020** (continued)
## 6. **Net income/(expenditure) for the year**
|_This is stated after charging:_
Deprecation
Accountancy and Independent Examiner's fee|2020
£
4,246
3,870|2019
£
1,735
3,360|
|---|---|---|
## 7. **Analysis of staff costs and trustee remuneration, expenses and related transactions.**
|Salaries and wages
Social security costs
Employer contribution to defined contribution pension scheme
Contribution from Tees Valley Community Church for services of TVCP employees
Contribution to Tees Valley Community Church for services of TVCC employees
Contribution from The Shack Community Projects for services of TVCP employees
Contribution from another charity for the services of employees
Contribution to another charity for the services of
employees
(The above recharges include employer’s national insurance and employers defined
pension contributions)|2020
£
269,015
21,254
8,081
298,350
(23,351)
25,985
-
(1,356)
13,199
312,827|2019
£
197,727
15,661
4,825|
|---|---|---|
|||218,213
(16,225)
18,579
(9,594)
(16,272)
13,130|
|||£207,831|
No employees had emoluments in excess of £60,000 (2019: Nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred.
During the year the trustees and officers received remuneration from the charity as permitted by the Memorandum and articles of association and expenses as follows. This is paid to them in respect of their employment.
|S McFarlane
Salaries and wages
Social security costs
Employer contribution to defined contribution pension scheme
D Marley - Spouse of a Trustee (including employers national
insurance and pension contributions) recharged from Tees Valley
Community Church|2020
£
43,000
4,732
1,290
£49,022
£16,072|2019
£
41,200
4,512
996|
|---|---|---|
|||£46,708|
|||£12,960|
No expenses were paid to the trustees/trustees spouses in the year (2019: One trustee £362 for travel and mobile phone expenses).
The Trustees considers its key management personnel comprise the Trustees.
During the year the trustees and their spouses donated £300 (2019: £Nil) to the charity in total.
**TVCP**
11.
## **NOTES TO THE ACCOUNTS for the year ended 31st August 2020** (continued)
## 8. **Staff numbers**
The average monthly number of employees during the year was as follows:
|Training
Christians Against Poverty
Community projects|2020
Number
9
1
3
13|2019
Number
7
1
2|
|---|---|---|
|||10|
## 9. **Related party transactions**
Five of the Trustees of TVCP are also Trustees of Tees Valley Community Church, a charity company which operates in the Tees Valley area.
During the year Tees Valley Community Church gifted TVCP £84,340 (2019: £78,158) and paid a further £23,351 (2019: £16,225) in respect of a reimbursement of salary costs.
TVCP paid Tees Valley Community Church £25,985 (2019: £18,579) in respect of reimbursement of salary costs.
At the year end TVCP owed Tees Valley Community Church £1,095 (2019: £261) and was owed £917 (2019: £nil) and these amounts are included in creditors and debtors respectively.
Some of the Trustees of Tees Valley Community Church were also Trustees of The Shack Community Projects, a charitable company that ran projects in the community. This company did not operate during the year, as its activities were transferred to TVCP on 30th June 2019.
The Shack Community Projects, a project now operated by TVCP, occupies a building owned by Tees Valley Community Church on a rent free basis.
## 10. **Corporation tax**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
12.
## **TVCP**
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st August 2020** (continued)
## 11. **Tangible fixed assets**
|Improvements
to Leasehold
Furniture and
Property
Fixtures
£
£
Cost:
As at 01.09.2019
33,232
580
Additions
-
-
As at 31.08.2020
33,232
580
Depreciation:
As at 01.09.2019
25,975
373
Charge for year
3,628
116
As at 31.08.2020
29,603
489
Net book value:
As at 31.08.2020
£3,629
£91
As at 31.08.2019
£7,257
£207
12.**Debtors**
Trade debtors
Prepayments and accrued income
Other debtors
13.**Creditors: amounts falling due within one year**
Trade creditors
Accruals
Taxation and social security costs
Deferred income
Other creditors|Improvements
to Leasehold
Furniture and
Property
Fixtures
£
£
33,232
580
-
-|IT
Equipment
£
3,794
-
3,794
1,787
502
2,289
£1,505
£2,007
2020
£
771
4,938
6,254
£11,963
2020
£
4,024
8,261
2,503
900
2,603
£18,291||Total
£
37,606
-|
|---|---|---|---|---|
||33,232
580|||37,606|
||25,975
373
3,628
116|||28,135
4,246|
||29,603
489|||32,381|
||£3,629
£91|||£5,225|
||£7,257
£207|||£9,471|
|||||2019
£
9,418
9,352
1,615
£20,385
2019
£
1,970
6,787
5,634
9,700
1,407
£25,498|
||||||
||||||
||||||
Deferred income consists of income received in advance for grants and course fees. The deferred income from the previous year has been released to the income and expenditure account.
13.
## **TVCP**
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st August 2020** (continued)
## 14. **Analysis of net assets between funds**
|Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
**Total**|General
Restricted
Fund
Funds
Total
£
£
£
5,225
-
5,225
68,827
-
68,827
(6,328)
-
(6,328)|
|---|---|
||£67,724
£-
£67,724|
## 15. **Analysis of charitable funds**
|_Training_
Daniel Challenge
Three 13 (formerly Academy)
Community Projects
CAP
Enterprise village
Shack Grounds upkeep
**Total**|Balance
Incoming
Resources
Funds
01.09.2019 Resources
Expended
Transfers
31.08.2020
£
£
£
£
£
1,241
24,848
(25,846)
-
243
5,000
28,553
(33,553)
-
-
-
10,704
(10,437)
-
267
-
2,635
(2,635)
-
-
943
-
-
-
943
1,000
-
(1,000)
-
-|
|---|---|
||£8,184
£66,740
£(73,471)
£-
£1,453|
## **Name of restricted fund**
The restricted funds are for specific projects in the charity's activities and pastoral care.
Training restricted income relates to donations specified for training, and partly funded Training expenditure during the year.
CAP restricted income relates to donations specified for CAP, and partly funded CAP expenditure during the year.
Community projects restricted income relates to donations specified for Community projects, and partly funded Community projects expenditure during the year.
Shack Grounds upkeep relates to income and expenditure to fund the up keep of the grounds.
## **Analysis of movements in unrestricted funds**
||Balance|Incoming|Resources||Funds|
|---|---|---|---|---|---|
||01.09.2019|Resources|Expended|Transfers|31.08.2020|
||£|£|£|£|£|
|General fund|77,241|303,155|(314,125)|-|66,271|
|**Total**|£77,241|£303,155|£(314,125)|£-|
£66,271|
## **Name of unrestricted fund**
General fund
**TVCP**
14.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st August 2020** (continued)
## 16. **Pension commitments**
The charity operates a defined contribution scheme the assets of which are held separately from those of the charity in an independently administered fund. At the balance sheet date unpaid contributions of £1,570 (2019: £1,407) were due to the fund. They are included in other creditors.