## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |STATEMENT OF FINANCIAL ACTIVWES|STATEMENT OF FINANCIAL ACTIVWES||||| |---|---|---|---|---|---| |||UNRESTRICTED|RESTRICTED|TOTAL|TOTAL| ||NOTE|FUNDS|FUNDS|FUNDS|FUNDS| |||2020|2020|2020|2019| |||E|E||E| |INCOMING RESOURCES|||||| |Voluntary
Income||33,651|41,902|75,553|78,400| |Investment
Income|||||| |Other Incoming resources|||||| |Incoming resources|from||||| |charitable
activities|||||| |TOTAL INCOMING|RESOURCES|33,651|41,902|75,553|78,400| |RESOURCES EXPENDED|||||| |Cost ofgenerating|funds:||||| |Charitable
Activities|||83,620||103,117| |Cost of Fund Raising|||||| |Governance
Costs||800|||| |Cost ofSales and Other costs||100|||| |TOTALRESOURCES|EXPENDED|900|83,620|84,520|103,117| |NET INCOME/EXPENDITURE|||||| |BEFORETRANSFER||32,751|(41,718)|(8,967)|(24,717)| |Gains on revaluation|ofassets||||| |Transfers between|Funds||||| |Prior Year Adjustment||1,275|||| |Total Funds Brought Forward||34,962|39,271|74,233|98,949| |Total Funds Carried|Forward|68,988|(2,447)|66,541|74,233| |BALANCE SHEET|NOTE|2020f|2019
f| |---|---|---|---| |Fixed Assets|||| |Tangible Assets|||| |Investments|||| |CURRENTASSETS|||| |Stock: Items for resale|||| |Debtors &Prepayments|||| |Cash &Bank||67,341|75,033| |Creditors: falling due within one year||(800)|(800)| |NET CURRENT ASSETS||66,541|74,233| |NET ASSETS||66,541|74,233| |FUNDS OF THE CHARITY|||| |Restricted||(2,447)|39,271| |Unrestricted||68,988|34,962| |||66,541|74,233| ## ## ## ## ## ## ## ## ## ## ## |Grants and
donations||Grants and donations are only included
in the SoFA when the
general income recognition
criteria are met (5.10to5.12FR5102| |---|---|---| |||SORP).| |||In the case ofperformance
related grants, income must only be| |||recognised tothe extent that the charity has provided the| |||specified goods or services as entitlement
tothe grant only occurs| |||when the performance
related conditions are met (5.16FRS102| |||SORP).| |Legacies||Legacies are included
in the SOFA when receipt is probable, that is,| |||when there has been grant ofprobate, the executors have| |||established
that there are sufficient assets in the estate and any| |||conditions attached tothe legacy are either within the control of| |||the charity or have been met.| |Government||The charity has received government
grants
in the reporting| |grants||period| |||Gift Aid receivable
is included
in income when there is a valid| |Tax reclaims on||declaration
from the donor.
Any Gift Aid amount recovered on a| |donations|and|donation
is considered to be part ofthat gift and istreated as an| |gifts||addition to the same fund asthe initial donation
unless the donor| |||orthe terms ofthe appeal have specified otherwise.| |Contractual
income and
performance
related grants||This is only included
in the SoFAonce the charity has provided the
related goods or services or met the performance
related
conditions.| |Donated goods||Donated goods are measured
at fair value (the amount for which
the asset could be exchanged)
unless impractical todo so.| |||The cost ofany stock ofgoods donated for distribution
to| |||beneficiadies
is deemed to be the fair value ofthose gifts at the| |||time oftheir receipt and they are recognised on receipt.
In the| |||reporting
period in which the stocks are distributed,
they are| |||recognised as an expense at the carrying amount ofthe stocks at| |||distribution.| |||Donated goods for resale are measured at fair value on initial| |||recognition,
which isthe expected proceeds from sale less the| |||expected costs ofsale, and recognised
in 'Income from other| |||trading activities'
with the corresponding
stock recognised
in the| |||balance sheet.
On its sale the value ofstock is charged against| |||'Income from other trading activities' and the proceeds from sale| |||are also recognised as 'Income from other trading activities'.| |||Goods donated for on-going use by the charity are recognised as| |||tangible fixed assets and included
in the SoFA as incoming| |||resources when receivable.| |||Gifts in kind for use by the charity are included
in the SoFAas| |||income from donations
when receivable.| |Donated||Donated services and facilities are included
in the SOFA when| |services ilrid||received atthe value ofthe gift tothe charity provided the value| |facilities||ofthe gift can be measured
reliably.| ||Donated services and facilities that are consumed
immediately
are| |---|---| ||recognised
as income with an equivalent
amount
recognised
as an| ||expense under the appropriate
heading
in the SOFA.| |Support costs|The charity has incurred
expenditure
on support costs.| |Volunteer
help|The value ofany voluntary
help received
is not included
in the
accounts but is described
in the trustees'
annual report.| |Income from|| |interest,|This is included
in the accounts when receipt is probable and the| |royalties and|amount
receivable can be measured
reliably.| |dividends|| |Income from
membership
subscriptions|Membership
subscriptions
received
in the nature ofa gift are
recognised
in Donations
and Legacies.| ||Membership
subsciiptions
which gives a member the right to buy| ||services or other benefits are recognised
as income earned from| ||the provision ofgoods and services as income from charitable| ||activities.| |Settlement of
insurance
claims|Insurance
claims are only included
in the SoFA when the general
income recognition
criteria are met (5.10to5.12FRS102SORP)
and are included
as an item ofother income in the SoFA.| |Investment|This includes any realised or unrealised
gains or losses on the sale| |gains and losses|ofinvestments
and any gain or loss resulting
from revaluing
investments
to market value atthe end ofthe year.| |2.2. Expenditure|and Liabilities| |Uability|Liabilities are recognised where it is more likely than not that there isa| |recognition|legal or constructive
obligation
committing the charity to pay out| ||resources and the amount ofthe obligation
can be measured
with| ||reasonable
certainty.| ||Support costs have been allocated between governance
costs and| |Governance
and|other support.
Governance
costs comprise
all costs involving
public| |support costs|accountability
ofthe charity and its compliance
with regulation
and| ||good practice.| ||Support costs include central functions
and have been allocated to| ||activity cost categories on a basis consistent
with the use ofresources,| ||eg allocating property costs by floor areas, or per capita, staff costs by| ||the time spent and other costs by their usage.| |Grants with
performance
conditions|Where the charity gives a grant with conditions for its payment
being a
specific level ofservice or output to be provided,
such grants are only
recognised
in the SoFAonce the recipient ofthe grant has provided the| ||specified service or output.| |Grants payable
without
performance
conditions|Where there are no conditions attaching to the grant that enables the
donor charity to realistically
avoid the commitment,
a liability for the
full funding
obligation
must be recognised.| |Redundancy|Redundancy|cost|The charity made no redundancy
payments
during the reporting|The charity made no redundancy
payments
during the reporting|period.| |---|---|---|---|---|---| |Deferred income|||No material
item ofdeferred income has been included
in the accounts.||| |Creditors|||The charity has creditors which are measured
at settlement
less any trade discounts|amounts|| |Proidsions
liabilities|for||A liability is measured
on recognition
at its historical cost and then
subsequently
measured
at the best estimate ofthe amount
required to
settle the obligation
atthe reporting date||| |Basicfinendal
instruments|||The charity accounts for basic financial instruments
on initial
recognition
as per paragraph
11.7FRS102SORP. Subsequent
measurement
is as per paragraphs 11.17to 11.19,FRS102SORP.||| |2.3. Expenditure|||and Liabilities||| |Tangible fixed|||These are capitalised
ifthey can be used for more than one year,||| |assets for use|||and cost at least||| |by charity|||They are valued atcost.||| ||||The depreciation
rates and methods
used are disclosed
in note||| ||||9.2.||| |Intangible|fixed||The charity has intangible
fixed assets, that is, non-monetary||| |assets|||assets that do not have physical substance
but are identifiable|and|| ||||are controlled
by the charity through
custody or legal rights. The||| ||||amortisation
rates and methods
used are disclosed
in note 9.5||| ||||They are valued at cost.||| |Heritage assets|||The charity has heritage assets, that is, non-monetary
assets with||| ||||historic, artistic, scientific, technological,
geophysical
or||| ||||environmental
qualities that are held
and maintained
principally||| ||||fortheir contribution
to knowledge
and culture.
The depreciation||| ||||rates and methods
used as disclosed
in note 9.6.1.4.||| ||||They are valued at cost.||| |Investments|||Fixed asset investments
in quoted shares, traded bonds and||| ||||similar investments
are valued at initially at cost and||| ||||subsequently
at fair value (their market value) at the year end.||| ||||The same treatment
is applied to unlisted
investments
unless fair||| ||||value cannot be measured
reliably
in which case it is measured|at|| ||||cost less impairment.||| ||||Investments
held for resale or pending their sale and cash and||| ||||cash equivalents
with a maturity
date ofless than 1year are||| ||||treated as current asset investments.||| ## ## |||UNRESTICTED|RESTRICTED|TOTAL|TOTAL| |---|---|---|---|---|---| |||FUNDS|FUNDS|FUNDS|FUNDS| |||2020|2020|2020|2019| |||||E|E| |Donations:|||||| |Sponsorship|||30,845|30,845|29,902| |Porridge Scheme|||165|165|180| |Teachers|||4,619|4,619|4,293| |Higher Education|||5,325|5,325|2,575| |Miscellaneous||33,651||33,651|40,840| |Construction|||600|600|550| |Cafe|||||| |Expansion|||||| |Alternative|Gifts||||| |||33,651|41,902|75,553|78,400| ## ## |ANALYSIS OF RES|OURCES EXPENDED|||||| |---|---|---|---|---|---|---| |||COSTOF|COST OF|||| |||GENERATING|CHARITABLE|GOVERNANCE|TOTAL|TOTAL| |||FUNDS|ACIlvlllES|COSIS|2020|2019| |||E|E|E|E|E| |Direct Charitable||||||| |Sponsorship|||29,520||29,520|27,960| |Porridge Scheme||||||150| |Teacher's Salaries|||11,400||11,400|4,808| |University/College|||7,500||7,500|2,445| |Construction
Work|||6,500||6,500|3,050| |Alternative
Gift||||||| |Committee's
Salaries|||2,700||2,700|| |Food, Healthcare|and Living costs||26,000||26,000|46,034| |Indirect Costs||||||| |Accountancy
Fees||||800|800|800| |Bank Charges|||||100|100| ||||||29,520|| |TOTAL RESOURCES EXPENDED|||84,520||84420|85,308| ##