OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Restricted Unrestricted Total Total
Funds Funds 2020 2019
Note f f f f
Income from:
- Donations
and legacies
425,038 55,906 480,944 25,232
Total income 425,038 55,906 480,944 25,232
Expenditure
on:
- Raising funds (162) (162) (216)
- Charitable
activities
2 (425i038) (393) (425431) (]3099)
Total expenditure (425,038) (555) (425,593) (13,315)
Net income 55,351 55,351 11,917
Net movement in funds forthe year 55,351 55,351 11,917
Reconciliation offunds
Funds brought forward 1January 23,336 23,336 11,419
Funds cardied forward 31December 78,687 78,687 23,336
Balance Sheet as at 31December 202 0
2020 2019
Note 6
Fixed assets
Total fixed assets
Current assets
Debtors, prepayments and accrued income 250
Cash at bank and in hand 235,579 24,086
Total current assets 235,579 23,336
Liabilities
Creditors falling due within one year (156,892)
Net assets 78,687 23,336
Funds ofthe charity
Restricted funds
Unrestricted
income
funds 78,687 23,336
Total charity funds 78,687 23,336

. Analysis ofexpen diture
o
n charitable a ctivities
Restricted Unrestricted
Funds Funds Total Total
2020 2020 2020 2019
f 8 5 5
Grants to the Validity Foundation (Hungary) (425,038) (425,038) (12,000)
Support and governance costs (393) (393) (1,099)
Total (425,038) (393) (425,431) (13,099)

Total Total
2020 2019
5 g
Independent examiner's fees
Assurance
services other than audit or independent
examination
Tax advisory fees
Other financial services

.
D
ebtors, prepayments
and accrued inc
ome
2020 2019
f E
Accrued income 250
Total 250

2020 2019
E f
Grants to the Validity Foundation (Hungary) 156,892
Total 156,892
8. Analysis of charitable funds
Current accounting period Balance Balance
01.01.20f Income
f
Expenditure
f
31.12,20
E
Restricted fund (Validity Grant Fund) 425,038 (425,038)
Unrestricted
income
fund 23,336 55,906 (555) 78,687
Total unrestricted
funds
23,336 480,944 (425,593) 78,687
Previous accounting period Balance Balance
01.01.19
f
Income
f
Expenditure
f
31.12.19
f
Unrestricted
income
fund 11,419 25,232 (13,315) 23,336
Total unrestricted
funds
11,419 25,232 (13,315) 23,336

uring t he yea r, MDAC had the follo wing transactions
with the Validity Foundation:
New grant Payable New grant Payable
commitments as at commitments as at
2020 31.12.2020 2019 31.12.2019
f f f f
Grants to the Validity Foundation 425,038 156,892 12,000