Company registration number: 05932945 Charity registration number: 1118044
The Frozen Ark Project
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2021
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
The Frozen Ark Project
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 18 |
The Frozen Ark Project
Reference and Administrative Details
Trustees Prof J A Armour Prof B S Noble P E Pearce-Kelly Dr L K Yon Dr N Varey Prof S Goodacre Charity Registration Number 1118044 Company Registration Number 05932945 Registered Office School of Life Sciences University of Nottingham University Park Nottingham NG7 2RD Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
The Frozen Ark Project
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 December 2021.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Prof J A Armour Prof B S Noble P E Pearce-Kelly Dr L K Yon Dr N Varey (appointed 7 April 2021) Prof S Goodacre (appointed 21 April 2021)
Prof E J Louis (resigned 10 June 2021) Prof J D Ansell (resigned 10 June 2021)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 12/09/06. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Objectives and activities
Objects and aims
A. To promote the conservation of Earth’s animal biodiversity on the planet for the benefit of the public by: i. collecting and conserving genetic material in the UK, from endangered animals in the UK and worldwide; ii. supporting the establishment of genome resource banks of endangered animals worldwide;
iii. establishing databases to identify where genetic material is stored and to identify which gene pools are in need of collection and preservation and the time scales involved;
iv. providing a source of genetic materials to combat the loss of genetic diversity in conservation efforts.
B. To advance the education of the public by:
i. contributing to scientific knowledge by carrying out research and disseminating the results to discover the best methods of collecting, storing and using samples for the long-term preservation of tissue, DNA and viable cells of endangered animals and for use in conservation management;
ii. providing resources and information from the collection and conservation of genetic material for the advancement of scientific knowledge.
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.
Page 2
The Frozen Ark Project
Trustees' Report
Achievements and performance
Having completed the National Lottery Heritage Funded review of Frozen Ark processes at the end of the previous year, Trustees and staff continued to hold sub-committee meetings in areas of Finance, Science and Communications. A risk register was produced by the Finance committee which is reviewed regularly. A safeguarding policy was also introduced, and a member of staff attended training and was appointed as safeguarding officer.
Due to pandemic conditions, scientific progress and collection of samples remained difficult, with many of our partners working remotely and access to laboratories restricted. CryoArks project continued and it is anticipated a database of endangered species which will be available to the Frozen Ark in 2022 resulting from this.
Five Professional Training Year students (PTY’s) were recruited in 2021 from the Universities of Bath and Trent University. Projects at Cardiff were addressing Environmental Sustainability in a Biobanking Context. A comparative study of walked transects, camera traps and footprint tunnels as techniques to survey urban mammal presence (excluding Chiroptera) in Cardiff green spaces and a baseline study of terrestrial urban mammal presence and distribution in various green spaces within Cardiff, Wales.
At Nottingham, work continued curating and databasing the historic partula collection and a full inventory, labelling, and databasing was produced, investigations into morphology and potential DNA extractions/barcoding is now being carried out. The prioritisation tool was further developed and students helped with CryoArks databases and documentation (using InDesign). Work on the main Frozen Ark collection was carried out and a thorough inventory of the collection was completed continuing the work of the previous PTY’s. Work was started on the inventory, re-formatting and curation of the donated Durrell Trust collections at Cardiff, that will form part of the Frozen Ark collection.
The development of the website continued, and volunteers continued to increase the social media presence of the charity. The reach was increased exponentially. The quarterly newsletter continues to be researched and written by a volunteer and sent out to an increasing audience. A podcast ’Frozen Bytes’ is now regularly produced. The Wikipedia page has been re-written.
In 2021, the frozenark.org website continued to be developed, with a focus on the search engine optimisation to highlight the Charity's key focus on biobanking and safeguarding endangered species. This has resulted in the website ranking high on search engine results for these keywords. A series of elements were developed to expand the engagement with the public, including the Virtual Ark pages that feature creative content developed with schools and groups and a Virtual Booth - an interactive portal presenting the Frozen Ark's role and key activities. Realtime crowdfunding elements were also added for donation events, supported with donation banners and announcements.
In 2021 the website featured:
11,612 Page Visits 9,324 Visitors/Users (from 111 countries) 24,904 Page Views
Page 3
The Frozen Ark Project
Trustees' Report
Workshops were held with families to inform The Virtual Ark, an Arts Council funded initiative, using virtual technology and poetry. A Virtual Ark page was added to the website, showcasing the artwork with a virtual flythrough. This helped accelerate the addition of a website page of educational resources and activities on biobanking activities, available to the public and schools to download. A Virtual Ark workshop was held in February during the Cardiff Science Festival and Frozen Ark had an engagement mobile stand at Green Man, Einstein's Garden in August, this included a Virtual Ark talk in the Omnitent.
Several other outreach and education activities took place over the year. Staff and PTY’s contributed to the Festival of Science and Technology held in Nottingham, which was held on line and on local TV this year. Funding has been found for a new Outreach and Education officer to further develop the outreach and educational activities in 2022 and to develop a programme with schools.
The charity has benefited from the support of at circa 14 volunteers for which it is grateful.
Dr Rhys Jones was welcomed as Patron to the Frozen Ark Project and has kindly assisted in our social media campaigns and will continue to support the charity in a number of ways.
A concerted fund raising / grant acquisition programme was developed and deployed and engendered positive outcomes. Modest levels of funding contributed to the charity’s sustainability and pointed to routes to future success. A moderately modified funding strategy has been discussed and approved by Trustees and will be deployed in 2022.
Media interest in the project continues and Trustees gave several interviews at national and international level including those with CNN and Wired.
There were some additions to the Board of Trustees with two new Trustees appointed and a new Chair of the Board voted in. New Board members contribute much valued finance expertise and further academic expertise.
Financial review
Despite a challenging fundraising environment, we are pleased to report a reasonably healthy balance at the end of the year.
Policy on reserves
The Trustees have reviewed the Charity's need for reserves in line with the guidance issued by the Charity Commission. The Trustees have, therefore, identified the need to retain an unrestricted fund of at least 3-6 months unrestricted expenditure and have achieved this.
Page 4
The Frozen Ark Project
Trustees' Report
Statement of Trustees' Responsibilities
The trustees (who are also the directors of The Frozen Ark Project 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. The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
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:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
18/08/2022 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Prof B S Noble Trustee
Page 5
The Frozen Ark Project
Independent Examiner's Report to the trustees of The Frozen Ark Project
Independent examiner’s report to the trustees of The Frozen Ark Project ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity's trustees of the company (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 the Company 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 that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
......................................
John O'Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
19/08/2022 Date:.............................
Page 6
The Frozen Ark Project
Statement of Financial Activities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Unrestricted £ 41,098 14 41,112 (48,642) (48,642) (7,530) (402) (7,932) 21,611 13,679 |
Restricted £ - 26,000 26,000 (16,923) (16,923) 9,077 402 9,479 14,091 23,570 |
Total 2021 £ 41,098 26,014 67,112 (65,565) (65,565) 1,547 - 1,547 35,702 37,249 |
Total 2020 £ 40,101 24,837 |
|---|---|---|---|---|
| 64,938 | ||||
| (76,134) | ||||
| (76,134) | ||||
| (11,196) - |
||||
| (11,196) 46,898 |
||||
| 35,702 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 11.
The notes on pages 10 to 18 form an integral part of these financial statements. Page 7
The Frozen Ark Project
Statement of Financial Activities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Total Income Expenditure on: Charitable activities 5 Total Expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Unrestricted funds General £ 40,101 - 40,101 (34,718) (34,718) 5,383 867 6,250 15,361 21,611 |
Restricted funds £ - 24,837 24,837 (41,416) (41,416) (16,579) (867) (17,446) 31,537 14,091 |
Total 2020 £ 40,101 24,837 |
|---|---|---|---|
| 64,938 | |||
| (76,134) | |||
| (76,134) | |||
| (11,196) - |
|||
| (11,196) 46,898 |
|||
| 35,702 |
The notes on pages 10 to 18 form an integral part of these financial statements. Page 8
The Frozen Ark Project
(Registration number: 05932945) Balance Sheet as at 31 December 2021
| Note Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: Amounts falling due within one year 9 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 11 Unrestricted income funds Unrestricted funds Total funds 11 |
2021 £ 1,376 658 36,258 36,916 (1,043) 35,873 37,249 23,570 13,679 37,249 |
2020 £ 2,045 7,502 26,849 |
|---|---|---|
| 34,351 (694) |
||
| 33,657 | ||
| 35,702 | ||
| 14,091 21,611 |
||
| 35,702 |
For the financial year ending 31 December 2021 the charity 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 charity 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 accounting records and the preparation of accounts.
These financial statements 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.
The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: 18/08/2022
.........................................
Dr L K Yon Trustee
The notes on pages 10 to 18 form an integral part of these financial statements. Page 9
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
1 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
The Frozen Ark Project 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 financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
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.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 10
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
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. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
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.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
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 £500.00 or more are initially recorded at cost.
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 |
|---|---|
| Computer equipment | 33% on cost |
| Fixtures and fittings | 20% on reducing balance |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 11
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
2 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds Grants, including capital grants; Government grants Grants from other charities |
Unrestricted funds General £ 39,530 568 1,000 41,098 |
Total 2021 £ 39,530 568 1,000 41,098 |
Total 2020 £ 25,651 6,826 7,624 |
|---|---|---|---|
| 40,101 |
The charity is grateful to a number of individuals and organisations for providing their services and making no charge. The value of these services to the charity are estimated at £22,004 (2020 - £22,304). The estimated value of these services is recognised within incoming resources as a donation and equivalent charges included within rent (£1,804), professional fees (£18,700) and IT & website (£1,500).
Page 12
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
3 Income from charitable activities
| Unrestricted funds General £ Grants and donations - Sundry income 14 14 4 Grants & donations Heritage Lottery Fund Garfield Weston Ernest Kleinwort Charitable Trust The Lady Hind Trust In kind donations Sundry donations Arnold Clarke Martin Wills Wildlife Maintenance Trust HMRC Gift Aid |
Restricted funds £ 26,000 - 26,000 Unrestricted funds £ - - - - 22,004 16,526 1,000 1,000 568 41,098 |
Total 2021 £ 26,000 14 26,014 Restricted funds £ 10,000 10,000 5,000 1,000 - - - - - 26,000 |
Total 2020 £ 24,837 - |
|---|---|---|---|
| 24,837 | |||
| Total £ 10,000 10,000 5,000 1,000 22,004 16,526 1,000 1,000 568 |
|||
| 67,098 |
Page 13
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
5 Expenditure on charitable activities
| Depreciation Equipment, repairs & renewals Equipment transportation Fundraising & publicity Insurance IT & website Meeting expenses Printing & stationery Professional fees Publications & subscriptions Rent & services Staff training Sundry payments Travel expenses Volunteer expenses Wages, NI & pension Overhead recharges Telephone & postage |
Unrestricted General funds £ Restricted funds £ 669 - 271 - - - - - 475 - 1,879 109 - - 44 3 23,362 - - - 1,804 - 70 - 151 54 161 471 - - 23,444 12,536 (3,750) 3,750 62 - 48,642 16,923 |
Total 2021 £ 669 271 - - 475 1,988 - 47 23,362 - 1,804 70 205 632 - 35,980 - 62 65,565 |
Total 2020 £ 728 4,794 996 271 398 5,667 48 7 26,606 152 1,804 - 326 465 127 33,745 - - |
|---|---|---|---|
| 76,134 |
6 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2021 £ 33,682 1,662 636 35,980 |
2020 £ 33,128 - 617 |
|---|---|---|
| 33,745 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average number of employees | 2021 No 2 |
2020 No 2 |
|---|---|---|
Page 14
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
2 (2020 - 2) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £636 (2020 - £617).
No employee received emoluments of more than £60,000 during the year.
7 Tangible fixed assets
| 7 Tangible fixed assets |
|||||
|---|---|---|---|---|---|
| Cost At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 8 Debtors Prepayments Accrued income Other debtors 9 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors |
Fixtures and fittings £ 3,595 |
Computer equipment £ 3,172 |
Total £ 6,767 6,767 4,722 669 5,391 1,376 2,045 2020 £ 447 6,000 1,055 |
||
| 3,595 | 3,172 | ||||
| 2,417 236 |
2,305 433 |
||||
| 2,653 | 2,738 | ||||
| 942 | 434 | ||||
| 1,178 | 867 | ||||
| 2021 £ 658 - - 658 2021 £ - 443 600 1,043 |
|||||
| 7,502 | |||||
| 2020 £ 94 - 600 |
|||||
| 694 |
Page 15
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
10 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
11 Funds
| Unrestricted funds General General Restricted funds Outreach Programme for Education Core costs Project Officer costs Outreach worker Total restricted funds Total funds Unrestricted funds General General Restricted NLHF project Outreach Programme for Education Core costs Portable freezer Total restricted funds Total funds |
Balance at 1 January 2021 £ 21,611 10,341 3,750 - - 14,091 35,702 Balance at 1 January 2020 £ 15,361 31,537 - - - 31,537 46,898 |
Incoming resources £ 41,112 - 10,000 6,000 10,000 26,000 67,112 Incoming resources £ 40,101 6,000 10,737 7,500 600 24,837 64,938 |
Resources expended £ (48,642) (6,647) (3,750) (6,402) (124) (16,923) (65,565) Resources expended £ (34,718) (36,670) (396) (3,750) (600) (41,416) (76,134) |
Transfers £ (402) - - 402 - 402 - Transfers £ 867 (867) - - - (867) - |
Balance at 31 December 2021 £ 13,679 3,694 10,000 - 9,876 |
|---|---|---|---|---|---|
| 23,570 | |||||
| 37,249 | |||||
| Balance at 31 December 2020 £ 21,611 - 10,341 3,750 - |
|||||
| 14,091 | |||||
| 35,702 |
Page 16
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
The specific purposes for which the funds are to be applied are as follows:
Outreach Programme for Education - funding from the Weslyan Foundation and Nineveh Trust for costs incurred to employ a part-time Outreach worker and other costs in relation to providing an outreach programme for children.
Core costs - funding from Garfield Weston towards the core running costs of Frozen Ark Project.
Project Officer costs - funding from Ernest Kleinwort Charitable Trust and The Lady Hind Trust towards the costs of employing the Project Officer.
Outreach worker - funding from the Heritage Lottery Fund towards the costs of employing the Outreach worker.
The transfer from the General fund to the Project Officer costs fund is to cover the deficit on this activity.
12 Analysis of net assets between funds
Unrestricted
| Unrestricted | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
General £ 1,376 13,346 (1,043) 13,679 Unrestricted General £ 2,045 20,260 (694) 21,611 |
Restricted £ - 23,570 - 23,570 Restricted £ - 14,091 - 14,091 |
2021 Total funds £ 1,376 36,916 (1,043) |
| 37,249 | |||
| 2020 Total funds £ 2,045 34,351 (694) |
|||
| 35,702 |
Page 17
The Frozen Ark Project
Notes to the Financial Statements for the Year Ended 31 December 2021
13 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Accounting Plus are analysed as follows: | ||
|---|---|---|
| Independent examination Other financial services |
2021 £ 500 327 827 |
2020 £ 500 492 |
| 992 |
14 Taxation
The charity is a registered charity and is therefore exempt from taxation.
15 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
16 Related party transactions
There were no related party transactions in the year.
During the year the charity made the following related party transactions:
Prof M W Bruford
During the year Prof M W Bruford, who is a trustee of the charity, donated time with the permission from the University of Cardiff amounting to £2,000 (2020 - £10,000). This has been included in both income and expenditure in the SoFA.
At the balance sheet date the amount due to/from Prof M W Bruford was £Nil (2020 - £Nil).
Page 18