ACOUK DIRECTORS. AND TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Illl •01$x' 29m9120r2 cClPNIEs HOUSE *261 A13 Company No." 06571691 Charity No: 1126782
ACOUK REPORT AND ACCOUNTS CONTENTS Page Directors. and Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the AGGounts 10-14
ACOUK DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees who are also directors of the charity for the purposes of the Companies Act 20C6. present their reptirt with the financial statements of the Charity for the year ended 31 December 2021.The financial statements comply with the CharitS Act 2011. Ihe Companies Act 2rx)6, the Memorandum and Articles of Association, and Accounting and Reporting by Charit*s'. Statements of Recommended Practice applicable lo charities pparIng their accounts in accordance with the Financial ReportÉng Standard aPpIable in the UK and Republ of Ireland {FRS 102> (effective 1 January 2019). OBJECTIVES AND ACTIVITIES The object. for which the ¢harity was eslab1hed. as stated in the Memorandum and ArtKles of Asso¢ialion, is.. "The promotK)n of the educalion of the public in the arts of mu&c ènd oper8. in partKular. by supporting the charitable puqx)ses of the Australian Chamber Orchestra PTY Limited, a non-profit Australian incorporated company limrfed by shares having an endorsement under sub diVisn 50-B of the Australian Income Tax Assessment Act 1997 (CTHJfiTAA? as an Income Tax exempt charitable entity and end0eMent as a deducts.ble grfl elplent under sub-division 3LiBA of the ITA and such other exclusively cha17table pUOSe5 as a cOgniSed in the Law ofEngland and Wales.. We a¢hieve our objectNes ty raising funds to supwrt the UK Tours of the Australian Chamber Orchestra. Publlc Benefit statement In shaping OUT objectives for the year arKI planning our athitse5, the tfustees have considered the Charity Commission's guidance on public benefit. including the guidance 'public benefit". running a charity {P02). The achievements and aclivib'es above demonstrate the public benefit arising through the Charity's activities. Our volunteers The onty volunleefs during the year ende(J 31 Dewnber 2021 were the Directors. ACHIEVEMENTS AND PERFORMANCE During 2021 ACOUK continued lo raise funds lo support the future activities of the ACO in the UK. Due lo the Covid-19 global pandemic, the planned three-day residency by the full Orchestra al The BarbKan was cancelled for a second year iunning. As soon as Australia's Inlernalional borders re-opened a quartet of Prrncipal musicians, led by Richard Tognetti, was able lo travel lo London in December 2021 for a week of private performances and events. Events included a performance and reception hosted by DFAT al Australia House, a perforrnan¢e at a private home in Su55ex, a private performance at a Fitzrovia Gallery and a private performance at the Royal Overseas League Oespile the UK wave ol Omicron, the performances were well attended and provided an invaluable opportunity for the ACO to reconnect with Brilish sUPPQrters. Throughout 2021, ACO UK continued lo engage with supporters and donors through a quarterly newsletter. in addition to the ACO'S digital offerings.. ACO Homecasts and ACO Studrfasts. ACO UK activity during 2021 enabled ACO UK to secure £28.162 10 5UPPOrt the ACO'S future UK touring activilies.
ACOUK DIRECTORS, AND TRUSTEES. REPORT (Contld) FOR THE YEAR ENDED 31 DECEMBER 2021 FINANCIAL REVIEW The Statement of Financial Activities showed a net surplus of £27.082 (2020- net deficit £12,093) for the year and reserves stand al £62,515 {2020- £35,433). Principal funding sources Principal funding 50uree is currenty don£tnS. Investment Powers and Policy Under the Memorandum arKI Arts'cles of AssociatK)n. the Charity has the power to invest in any way the Trustees wish. The policy of the Trustees is to invest any surplus ftjnds on bank derxisrt. Reserves Polity ACOUK will hold reseNes to ensure the ACOUK is a going ¢on¢em and has the ability to make grants lo the ALJslralian Chamber Orchestra Pty Ltd lo support Ihe Australian Chamber Orchestra's aclivitses in the UK where the Australian Chamber Orchestra {ACOI has demonstraled that these aelNilies have or will promote the educats'on of the public in the arts of music or opera. Grants to the Australtan Chamber Orchestra Pty Ltd will onty be made by and al the discretion of the Board of ACOUK. The company's reserves al the end of the year stood at £62.51512020- £35.433). Grant Making Policy ACOUK Board can approve a charitable disbursement lo the Australian Chamber Orchestra (ACO) once the following conditions have been met to the sab"sfaction of the ACOUK Board.. 1. The Managing Oireclor of ACO has made a request in writing lo the Directors of ACOUK for the allocation of a specified amount or range of funds from ACOUK. 2. Included in the request are". al a high-level budget outlining either. lif the request is for reimbursement of the cost to the ACO of completed aclivilses in the UK for which the ACO has nol previously sought reimbursemenll the aclivitses for which reimbursement is sought. and. lif the request is for ¢overage of the cosl to the ACO of proposed activities in the UK for whh the ACO has not previou5ty Sought coverage} the aclivilies for which coverage is sought,. and b) a short narrative outlining how the proposed alkxation of funds meets the chariiable objectives of ACOUK {as outlined in the ACOUK Conslilutionl. 3. The ACOUK Board will rev and consider ACO'S request. taking into consideration ACOUK'S Reserves Policy. 11 is al the discretion of the ACOUK Directors, having regard to the purposes of Ihe ACOUK and Ihe ACOUK'S Reserves Policy, to'agree lo the request. 4. Before any requested allocation can be made. the request must be approved by a majority of ACOUK Directors al a meeting ol Directofs. 5. ACOUK Directors will revert wlh a response in writing to ACO within 10 business days of the request being approved by the ACOUK Board and advise the quantum of any allocatson and when approved funds will be paid to ACO. 6. The limirMJ of when Ihe ACOUK Board will meeL review any requests received, and make any allocations, is at the discreb.on of the ACOUK Board.
ACOUK DIRECTORS, AND TRUSTEES. REPORT (Contld) FOR THE YEAR ENDED 31 DECEMBER 2021 FUTURE DEVELOPMENTS In Oelober 2022 the Australian Chamber Orchestra will tour to London for three concerts al the Barbican as International Associate Ensemble al Milton Court. While in London. the ACO in Australia will collaborate with ACO UK to present a special prNate perfrnanCe to Ihank donors and supporters. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document ACOUK is registered as a company limited by guarantee and not having share capital. Its operations are governed by its memorandum and artS of association IM&AA). The company was incorporated on 21 April 2008 and registered as a charity on 18 November 2008. The chafity registration number is 1126782 and the company registration number is 06571691. Recruitment and Appointmont of Trustees As sel out in the Atb"cles of AsswratH)n, the Chair of the TnJstees is nominated by ACOUK. The Direetors of the organisatson are also the chanty Trustees for the purposes of charity law. The Board of Trustees have power to appoint additional Truslees as il considers fil to do 50. The Trustees have no beneficial interest in the company other than as members. The Trustee5 are also the Directors of the company. Trustees induction and tralnlng The ACOUK 8oard has the Ulmate responsibility for ensuring that the Oire¢tors of ACOUK have understanding and competency in the current and emerging issues facing ACOUK and can work together as a team. To ensure that a newly appointed Director becomes an effective contributor to the ACOUK Board as quickly as possible, the ACOUK Board undertakes the folbwiThJ induction prLxesses for that Director.. Introduction to Key Personnel Individual meeting with the ACOUK Chair to clarify.. the role of the Board. the expectations of Member5 of the Board" and other strategic issues. Meeting with the ACO Managing Director. Chief Operab'ng Officer and Director of Philanthropy and Partnerships. Meeting with the other members of the ACOUK Board. Induction Kit 1. ACOUK Constitution 2. ACOUK PoIleS 3. Board papers for the three most recent meets.ngs Most recent Annual Report 5. Current ACO Strategic Plan Preparation of the induction kil is the responsibility of the ACO Chief Operab"ng Officer.
ACOUK DIRECTORS, AND TRUSTEES. REPORT (Contld) FOR THE YEAR ENDED 31 DECEMBER 2021 ACOUK requires the newly appointed Director to provide lo the ACO and to the ACOUK." a wrillen statement of the memberfs contact detsils and personal information (including full name, date and place of birth, nationality. address. email address and parbculars of other directorships) for the purposes of records held by Companies House and The Charity Commission.. and a declaTalK•n and details of any personal interests. Organisational Slructure The company is organised so that the Trustees meet regularly to manage its affairs. The Trustees are members from a vaiiety of backgrounds with felevant professional expeiience. Related Parties The charity has relationships with related parties and other charities and organisakn'ons with which il Covoperales in pursuil of its ¢haritsble objectwes. Risk Management The Trustees have identified the major risks to whh the Trust is exposed and believe that the systems in place are adequate to mitigate those risks. Reference and adminlstrative details Company Number. CE571691 Charlty Number: 1126782 Registered office & operational address: Flat 5. 69 Onslow Square. London. SWI 3LS Director5 and Trustees: Mr Damian Walsh {Chairl Mr Edward Bryne {resigned ¢)n 26 July 20211 Mf Rhard Evans Ms Alison Harbert Ms Rebecca Hossack Ms (Veronica) Sonya LeYdker Baroness Helen Liddell (The Rt Hon. the Baroness Liddell of Coatdykel Mr John Taberner {relired on 24 June 20221 Company Secretary.. Mr John Tabemer Ireb"red on 24 June 2022} Independent Examiner: David Terry FCA. Ramon Lee Lld. 93 Tabema¢k Street. London EC2A 4BA. Bankers: Clydesdale Bank PLC. 154 - 158 Kensington High Street, London. W8 7RL.
ACOUK DIRECTORS, AND TRUSTEES, REPORT (Contld) FOR THE YEAR ENDED 31 DECEMBER 2021 TRUSTEES, RESPONSIBILMES IN RELATION TO THE FINANCIAL STATEMENTS The tFUSteeg (who are al80 the directors of ACOUK ft Ihe of (a)mpY kw) are rnspjnsible for preparing the T16$, Report and the finanual statements in a(xordanc8 with apptiC8ble IWM and United Klngdom ACCnftg Slandards {Unlted Klngdom Generauy Awted AoJ)untlng PracUGY) Induding Financial Rep)rknng Stsndard 102 Yhe FInancl Reportiry Stsrrtla aptAKble In the UK Rewbllc of Ireland. Company law requlres the trustees lo ppaI8 finan(aal Slaknnts for eath year gfr¥e a true and fair vtew of the s18te of affairs of charitable company and of the inaMniNJ resourS and applicallon of rurCe8. including the inrne and expendÈlure, of the rharitable company for that Ped. In prBparing those financial statements. tha trustegs are r8quired kn. select sultable ac(Inting W*ies and then apply them (xmistsnty. obseNe the methods arKI principles In Charity SORP: make I1gements atKI estim8tss that are rea50rkable arKI PnKlen¢ prepore the financtal ststgnwrts on the gcNng wn(xn basis unless il is inapproprlate to PuMe th81 the ch8rllabl8 co¥nY wlll continue in ISIness. The trustees are respoMible keeping proper acu)untiry records vhjlch disdose with re880nable accuracy al any time tha financial posilffi of the tharitable MpanY arml to enatAe them to ensure th81 th& fin8ncial statements comply with the Charities Act 2011. the Charity (Accounts and Re[5) Regulatiorts 2008 and Companies Acl 2006. Thay are also responsible for s8feguarding the ass&ts of the charitsble company and hence tr taklng reosonabb steps for the preventlon and deCt7n of frnud and other Irregerlie8. The trustees are responsible for the mantenance and integrity of the CLVPmte and financial infomation induded on the charilabie t1paS website. The trustee5 {wtKI a also the dirw#ots ol company for the purpc68s of company law) I5der that an audit is not requlred for thk8 year under section 144 of the Charitles Ad 2011 (the 2011 Act) and under the provisA5 of section 477 01 the Componies Acl arKI that an indepent MInatiOn is n8eded. The Members havg nol required the rnpany to oblain on audtt for the year in question in ance witti sectton 476 of the Act. This rfjF has l)een pPared in a(tordance with the 5pecwl pTr)visions of Part 15 of thg Companw Act 2006 relIng ¢0 sm1 ¢ompanies. APPROVED BY THE BOARD OF TRUSTEES AND SIGNED ON rrs BEHALF BY: Damlan Walsh Ch?Ir 23 Soptomb•r 2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACOUK I report to the charity trustees on my examinatK)n of the accounts of the Company for the year ended 31 December 2021. This report is made solely to the chanty's trustees. a5 a bcmty. in accordance wrth the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required lo slate to them in an independent examinerfs report and for no other purpose. To the fvllest extent permitted by law, I do not accept or assume responsibility to anyone olhei than the charty and the charity'5 trustees as a body, for my Independent Examination, for this report. or for the opinions I have fomed. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparatton of the acUnts in accordance wrth the requirements of the Companies Act 2006 {'the 2006 Act'}. Having satisfied myself that the accounts of the Company are nol 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 charit5 Act 2011 I'the 2011 Acfl. In carying out my examination I have followed the Directions given by the Charity CoMmissn under SeCtn 14515) Ibl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that ng matters have come to my attenb.on in connection with the examination giving me cause to believe.. accounting (ecords were not kept in respect of the Company as required by section 386 of the 20 Act., or the accounts do not accord with those records." or the accounts do not compty with the accounting requirements of section 396 of the 2(M)6 Act other than any requirement that the aeeounts 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 th the methods and pnnciples of the Statement of Recommended Pracbce for accounting and reFQrting by charrties lapplicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 I have no cOnrn$ and have come across no other matters in ¢onnection with the examinats'on lo which attention should be drawn in this report in order to enable a proper understanding of the account5 to be reached. DAVID TERRY FCA RAMON LEE LTD CHARTERED ACCOUNTANT 93 TABERNACLE STREET . LONDON EC2A 4BA 23 September 2022
ACOUK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 Notes Unrestricled Funds Total 2021 Total 2020 Income Donations and legacies 28,162 28.162 27.000 Total income 28.162 28,162 27,000 Expenditure Charitsbte actNiS 1.080 1,080 39.093 Total expenditure 1,080 1,080 39.093 Net incomell expenditure) and net movement in funds for the year 27.082 27.082 112.0931 ReconGiliation of funds Total funds. bro)hI forward 35.433 35.433 47.526 Total funds, carried forward 62.515 62,515 35.433 The Statement of Financial Activitie5 also cornplies Wlth the requirements for an income and expenditure ount under the Companie5 Act 20(hS. CONTINUING OPERATIONS None of the company's activities were acquired or discontinued during the above two financial peri¢xls. TOTAL RECOGNISED GAINS AND LOSSES The company has no recognised gains or sseS other than the above movement in funds for the above hvo rinancial years. The notes on page 10 to 14 form part of these accounts
ACOUK BALANCE SHEEf AS AT 31 DECEMBER 2021 2020 Cash al bank and In har 36,447 36.447 Llablltti•• Cfedltors falling within one Jear 1.014 Not current ass•ts 62515 35.433 Not ass•ts The fvnds of th• charltr. Unrestricted funds 62.515 35.433 Total clarlty fun41s The charllable o)mp8ny is entiV8d to exempkn from audit under se1 4TT ol the Ccxnpanies Ad 2006 for the ye8r efKled 31 Cjecember 2021. The rnembe have not requiréd Ihe conyw lo obtsln audlt rA tts ffinancial ststements for Ihe year ended 31 December 2021 in a(ardance ryth SedicA1476 ofthè crywles Ad 2. The"Intstees 0thledg0 thar responsibllibes for. a) ensuring that the charttable ccthpany keeps ¥counting r•coTd$ Ihat ¢4msAy with Sectkm 386 and 387.01 the Companies AGrt 2006 arxl b) propadng financlal statements gfve a and fair view of the state of alTrairs of the charitable mpany a5 at th8 end ol each financaal year and of Its surptus or deftil for eath finanrial year in accordanc* with the requirements of sec1ms 394 and 395 and whith otherwise tmplY wlth the requirements of the Companies Act 2C relallng to financial slatsment4 so far as applicable to the Charitab Mpany. These financial ststemeTts have been wepared in acrdanCe with the provisw)ns appiiGable to charhablo companies 5utr4ect lo tho $maH MPanieS Tegimg. The accounts we appmved by Ihe Bowd.ofTrustees on 23 Seplembor2022 andwere signed on its behalf ty. . bam Walsh Company Reglstrntlon No." lJ6571691 The notes on page 10 10 14 forn part ofllwe accounts
ACOUK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 1. ACCOUNTING POLICIES 1.1 Basis of accountlng The firancial statements of the charitable company. whh is a publi¢ trnefit enbty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounts"ng and Reporting by Charities.. Statement of Recommended Practice appIab lo CharitS preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191., Financial Reporb"ng Standard 102 The Financial Reportirkg Standard applicable in the UK and Republic of Ireland, and the CompanEs Acl 2006. The financial statements have been prepared under the historical cost convention. The financial 5tatemen15 are prepared in sterling. whh is the functional curren¢y of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Preparation of accounts on a going concern basis The Charity's Financial Statements shows a nel surplus of £27.08212020 - net defictt of £12,093) and free reserves of £62.515 12020 - £35,433). The trustees are of the view that these results have secured the immediate future of the Charity for the next 12 months and on this basis the Charity is a going concern. 1.3 Income recognition Income is recognised when the Charity has entitlement to the fijnds. any performance conditions attached to the itemls} of income have been mel. it is probable that the income will be received and amount can be measured reliabty. la) Income received by way of donan5 and legacEs are included in fvll in the Statement of Financial Activit when received. unless they relate to a specified fvture period, in which case they are deferred. (bl Legacies enlillemenl is taken as the earlier of the date on which either". the charity is aware that the probate has been granted. the estate has been finalised and notificatton has been made by the executorlsl to the Charity that the distribution ts made. or when a distributKtrn is receNed from the eslale. No le9acies weie received during the year. 1.4 Volunteers and donated services and faeililies Donaled professional services and donated facilities are recognised as income when the charity ha5 control over the item. any conditions associated with the donated item have been mel. the receipt of economic benefit from the use by the charity of the item Is probable and that economic benefit can be measured reliably. In accoidance with the Charities SORP (FRS 1021. the general volunleeT lime of the Charity is not recogni5ed in the main body of the financial accoynts, but detail is contained in the Trustees report. No volunteer contributson during the year. On receipt, donated professional services and donated locilities are recognised on the basis of the value of the gift lo the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market., a corresponding amount 15 then reeognised in expenditure in the Per of receipt. No such services were received during the year. 10
ACOUK NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31 DECEMBER 2021 1.5 Expenditure recognltion and Irrecoverable VAT Expenditure is recognised once there is a legal QT nstruCte oblKJation lo make a payment to a third paty, it is probable that Settment will be required and the amount of the obligation can be measured reliabty. Expenditure is classified under the fdlowing activity headings= Expendrture on charitable activiti.es include expenditure assoeiated with the main objectives of the Charity and include tth directs costs and their assc¢iated supp)rt costs. Irrecoverable VAT is charged as a cost against the a¢tivty for which the expendf(ure was incurred. 1.6 Allocation of support costs Support costs are those funckn.ons that assist the work of the charity bul do not directly undertake charitable activits. Support costs include back office costs and governan costs which support the Charity's aclivilies. These costs have been allocated to expendrture on charilable activitbes. 1.7 Funds structure The general fund comprises those monies. whKh may be used toward meeting the charitable objeclNes of the company at Ihe discrets.on of the Trustees. 1.8 Cash flow statement The charity qualifies as a small company under the Act and the trustees have elected to take advantage of the exemption in the SORP from the requirement to prepare a cash flow statement. 1.9 Taxation The charity is exempt from corporation tsx on its charitable aclNilies. 1.10 Debtors Trade and other debtors are recDJnised at the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaid net ol any trade discounts due. 1.11 Ca$h at bank and in hand Cash at bank and in hand includes cash and short temi cash deposits. 1.12 Creditors and provisions Creditor5 and provisions are recognised where the charity has a present obligation resulling from a past event that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured or estimated reliabty. Creditors and provisn$ are notmally recognised al their settlement amount after allowing for any trade discounts due. 11
ACOUK NOTES TO THE ACCOUNTS (Contld} FOR THE YEAR ENDED 31 DECEMBER 2021 1.13 Flnancial instruments The Charity's only has financial assets and financial liabilrt*s of a kind that qualify as basic finaneial instruments. Basi¢ financial instruments are initialty recognised at transaction value and subsequently measured al their settlement value with the excepkn of bank loans whKh aTr subsequenty measured at amortised cost using the effecbve interest method. 1.14 Judgement and key sources of estimation uncertainty In the application of the company s aeeounting polic$, the charity is required to make judgements, estimates and assymptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptKJns are based on historical experience and other factors that are considered to be relevant. Actual resuhs may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and frjture perS where the revision affeels both current and future periods. DONATIONS AND LEGACIES Unrestricted Funds Total 2021 Total 2020 Donats'ons 28.162 28,162 27.000 28,162 28,162 27,000 The donations and legacies irthme in 2020 totalling £27,000 was attributed to unrestricted funds. ANALYSIS OF EXPENDITURE Unrestricted Funds Total 2021 Total 2020 Grants Paid Support co$15 {Nole 4) Governance costs {Note 4) 38.000 79 1,014 1.080 1,080 39,093 Expenditure tolalling £1,080 in 2021 (2020 - £39,093). was charged to unrestricted funds. 12
ACOUK NOTES TO THE ACCOUNTS {ConVd FOR THE YEAR ENDED 31 DECEMBER 2021 ANALYSIS OF SUPPORT AND GOV.ERNANCE COSTS The Charity inilialty identifies the costs of its support fvncb"ons. It then hdentffies those costs which relate to the governance funcbon. Governance costs and other support costs are appO.oned separately betsveen charity's key activity undertaken Isee note 31 in the year. All the general support and governance costs have been apportioned to the charitable acl[vit$ on Ihe basis of a proportion of direct costs, allocated lo each activty. General support Govemance function Total 2021 Total 2020 Independent examinerfs feeli Bank charges 1.080 1.080 1014 79 1.080 1,080 1.093 In 2020, £79 were incurred for General supwrt and £1014 were incurred for Govemance function. NET INCOMEI{EXPENDITUREI FOR THE YEAR Net movement in funds is shown after charging: 2021 2020 Independent examinerfs fees 1,080 1,014 ANALYSIS OF STAFF COSTS. TRUSTEES REMUNERATION AND EXPENSES. AND COST OF KEY MANAGEMENT PERSONNEL Charity did not have any employees during the year. No Trustee receNed any remuneration during the year {2020 - £nill. No Trustees received reimbursed expenses during the year12020 - £nil)- The key management personnel of the charity comprise of the trustees. None of the trustees were employed Of paid fees by the Charity. CREDITORS.. Amounts falling due within one year Total 2021 Total 2020 Accruals 1,080 1.014 1,080 1.014 13
ACOUK NOTES TO THE ACCOUNTS {Contld) FOR THE YEAR ENDED 31 DECEMBER 2021 MOVEMENT IN FUNDS Balance al 01.01.2021 Balance at 31.12.21 Income Expenditure Unrestricted funds 35.433 28,162 62,515 Total funds 35,433 28.162 1.080 62,515 MOVEMENT IN FUNDS- PREVIOUS YEAR Balance at 01.01.20 8alance at 31.12.20 Income Expenditure Unrestricted funds 47.526 27.000 39,093 35.433 Total funds 47.526 27,000 39,093 35,433 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrieted Funds Total 2021 Total 2020 Net current assets 62.515 62,515 35.433 Net current assets 62.515 62.515 35.433 Analysis of net assets between funds - Previous Year Unrestricted Funds Total 2020 Total 2019 Nel current assets 35.433 35,433 47,526 Ngt current assets 35.433 35.433 47.526 10. LIABILITY OF MEMBERS The charty is constituted as a company limited by guarantee and does not have a share capital divided by shares. 14