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2022-03-31-accounts

BRISTOL SOMALI RESOURCE CENTRE

FINANCIAL STATEMENTS

YEAR ENDED 31[st] MARCH 2022

Company Registration Number 06771265 Charity Number 1128721

BRISTOL SOMALI RESOURCE CENTRE

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

CONTENTS PAGE
Reference and administration details of the charity and its
advisors 2
Trustees annual report 3 to 7
Independent Examiners Report 8
Statement of financial activities (including income and
expenditure account) 9
Balance sheet 10
Notes to the financial statements 11 to 18

BRISTOL SOMALI RESOURCE CENTRE

Reference and administration details of the charity and its advisors

YEAR ENDED 31 MARCH 2022

Status

Bristol Somali Resource Centre is a company limited by guarantee (06771265) incorporated on 12th December 2008 and granted charitable status by the Charity Commission on 20th March 2009 under number 1128721

Directors and Trustees

The Board of Directors, who are Trustees for the purpose of charity law, who served during the year and up to the date of this report are collectively referred to as the trustees.

Trustees

Samira Muse Chair Abdi Osman Mohamed Treasurer Madge Dresser Member resigned December 2021 Kuba Jablonowski Member resigned July 2022 Dr Henrietta Wilkinson Fatia Gure appointed March 2021 Ruth Pickersgill appointed December 2021

Registered Office

43 Ducie Road Barton Hill Bristol BS5 0AX

Independent Examiner

Joanne Trowbridge MAAT Bristol Community Accountants CIC, The Park, Daventry Road, Knowle, Bristol, BS4 1DQ

Bankers

Lloyds TSB PO Box 1000 Rushden BX1 1LT

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BRISTOL SOMALI RESOURCE CENTRE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

The Trustees present their report and the unaudited financial statements of the charity for the year ended 31[st] March 2022.

Reference and administrative information set out on page 2 forms part of this report. 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 Republic of Ireland (FRS 102).

Structure, Governance and Management

The number of association directors, not including persons co-opted in accordance with article 20 shall not be more than nine or less than three. Directors of Association are elected for a two-year term after which they are eligible to stand for re-election.

Public Benefit

In shaping the objectives for the year and planning activities, the trustees have considered the Charity commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Objectives and activities

Objects of the Charity:

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BRISTOL SOMALI RESOURCE CENTRE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

Vision

To create a strong and vibrant Somali community that is fully integrated into British society as active, social and economic participant.

Summary of main objectives in relation to the above objects

The Bristol Somali Resource Centre (BSRC) provides free and impartial information, advice and guidance on range of issues including welfare, housing, schools and employment. BSRC also organises training activities and workshops to enhance employment opportunities, social interaction and to help reduce isolation. We work with the most disadvantaged people in Bristol, resolving many problems and challenges that they face. We are committed to improving the lives of most vulnerable people in the community who are facing barriers such cultural and language barriers.

Summary of the main achievements of the charity during the year

Chair’s report

I am delighted to present such a positive report about the activities of the Bristol Somali Resource Centre over the year 2021-22. In particular, I want to thank all the staff and volunteers for their commitment and achievements through such a difficult year, as the effects of the pandemic continue to be felt throughout the Somali community and beyond.

It is also a great pleasure to note that the organisation goes from strength to strength, attracting repeat and new resources from funders across the city and beyond. This has only been possible because of the exceptional work delivered by the organisation in supporting service users through a raft of different needs and requirements. Our thanks go out to all our funders, with much appreciation for their ongoing support as well as for a new period of four-year funding which will allow us to build on our work to date and develop our organisational sustainability.

Huge congratulations to the staff and volunteer team, service users who contributed to the work of the organisation, and I look forward to an equally successful year in 2022-23.

Chair of Bristol Somali Resource Centre

Summary of the main activities of the charity during the year

This year we supported individuals and families across the City of Bristol, including those most affected by the COVID pandemic. As COVID highlighted, many families face multiple deprivations which have the potential to impact their life chances over generations, generating cycles of food poverty, inadequate housing, and precarious employment and digital exclusion (IT skills and equipment. The demand for advice information and guidance has increased and pressure on our services has risen as more and more people start to fall behind with their rent and utility bill payments. This has caused homelessness and debt problems. We have given information advice and guidance on debt, benefit, housing, water, employment, utility bills, education, discrimination issues

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BRISTOL SOMALI RESOURCE CENTRE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

and consumer issues. We have given information, advice, and guidance to more 1176 people who needed crisis intervention and handholding support. Most people presented multiple issues concerning benefits, debt, employment, consumer issues, and health (both physical and mental) issues. Some of the people faced immediate crises such as evictions, workplace discrimination and the Benefit Cap. We run information sessions to promote vaccination and health issues.

Wellbeing and Mental Health support

The Coronavirus pandemic and lockdowns have severely affected the overall wellbeing of many people in our local communities including those who use BSRC’s services. Some people we work with had previous experience of mental health problems and some have developed emotional distress because of Covid-19’s effects. A majority of our service users approached us seeking support with multiple problems they face including housing related problems, unemployment, debt, benefits issues and so on. Others have been referred by another organisation. Many service users are facing a significant degree of anxiety, worries and low mood which negatively impact on their general wellbeing and quality of life. We offered them individual or group support over the telephone and face to face (where the person would benefit more from face-to-face and it was safe to do so, by strictly following covid-19 guidelines). 113 people benefited from our one-to- support. We also provided group mental health awareness events via Zoom and135 people participated. We used evidence-based approaches such as Cognitive Behavioural Therapy (CBT) approaches to enable people to understand their emotional difficulties and learn ways to improve their wellbeing.

We also run activities for community elders in a community setting, including a coffee morning, visiting green spaces, and social events to enhance social connections for lonely elders. In addition, we promoted a healthy diet and provided emotional wellbeing and gentle physical exercise. 68 older people benefited and reported improved wellbeing.

Employment and Adult Education project

In July 2021, we added to our team a designated employability and adult advisor. From July 2021 to March 2022 our advisor supported 299 people. Of those 53 got paid jobs, 38 progressed to interview stage and 75 received help with CV building, interview techniques and online job searching. We supported 27 young people who need help with accessing high education, 2 of them with UCAS applications to universities, and both were given unconditional offers for undergraduate degrees. We helped 4 service users to apply for PGCE courses and 3 of the 4 were offered places locally.

In addition to helping service users find English classes locally, we provided weekly English sessions for a class of women, led by a CELTA-qualified volunteer. 28 people attended and gained confidence in using English language. Our employment advisor also ran weekly advanced English sessions for 10 service users who were preparing for PGCEs.

Digital Inclusion

Our digital inclusion project supported more 217 people who were experiencing extreme digital exclusion. Families, isolated older people and college students all benefitted from the digital inclusion project. We gave them refurbished laptops and desktops collected from the businesses and education institutions such as universities. It helped them maintain their social ties, accessing education, skills training and improved their psychological wellbeing. A colleague student who could

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BRISTOL SOMALI RESOURCE CENTRE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

not afford to buy community for his homework told us , ‘The laptop helped me pass my exam as I was able study independently’ . In addition, parents who had school-age children benefitted from digital devices to track their children’s educational progress.

Finance, reserves policy and risk management

The trustees have examined the major financial risks to which the charity is exposed, and systems have been established to mitigate those risks – for example failing to secure adequate funds to cover our running costs in these uncertain times. In line with our legal requirement, the trustees are working towards building unrestricted reserves that can cover salaries and running costs for 6 months should they be needed. At present the unrestricted reserves stand at £114,412 which is close to the figure we need.

These procedures will be periodically reviewed to ensure that they still meet the needs of the charity. In 2021-2022, we received multi-year restricted funding (£18,2704) from different funders which we received in the last couple of months of the financial year and carried forward. This prepaid funding is part of our budget for activities that will take place in the financial year 2022-2023.

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are also responsible for the contents of the trustees' report, and the statutory responsibility of the Independent Examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

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BRISTOL SOMALI RESOURCE CENTRE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare they have approved the trustees’ report (including directors’ report) above.

Approved by the trustees and signed on their behalf by:

……………………………………………. Date ………………………………………2022

Samira Musse

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BRISTOL SOMALI RESOURCE CENTRE

INDEPENDENT EXAMINERS REPORT

YEAR ENDED 31 MARCH 2022

I report on the accounts of the charitable company for the year ended 31 March 2022 which are set out on pages 8 - 17.

Respective responsibilities of Trustees and Independent Examiner

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

Since the Company’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 Accounting Technicians, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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

Joanne Trowbridge MAAT BCA, The Park, Daventry Road Knowle, Bristol, BS4 1DQ

……………………………………….

Date………………………….

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BRISTOL SOMALI RESOURCE CENTRE

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

YEAR ENDED 31 MARCH 2021

Note
Incoming and Endowments from:
Donations and Legacies
3
Investments
4
Total
Expenditure On:
Charitable activities
5
Other
6
Total
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of Funds:
Total funds brought forward
Total funds Carried Forward
16		 Unrestricted
Funds
£
17,815
258		 Restricted
Funds
£
234,135
-		 Total Funds
2022
£
251,950
258		 Total Funds
2021
£
285,305
205
18,073 234,135 252,208 285,510
13,258
742		 147,102
778		 160,360
1,520		 136,953
1,077
14,000 147,880 161,880 138,030
4,073
8,851
12,924
109,565		 86,255
(8,851)
77,404
97,223		 90,328
-
90,328
206,788		 147,480
-
147,480
59,308
122,489 174,627 297,116 206,788

All of the activities of the charity are classed as continuing

The notes on pages 11 to 18 form part of these financial statements

As required by paragraph 4.67 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

*Details of the allocation of 2020 total funds between unrestricted and restricted are shown in note 17

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BRISTOL SOMALI RESOURCE CENTRE

BALANCE SHEET

YEAR ENDED 31 MARCH 2021

Note
Fixed assets
Tangible fixed assets
15
Current assets
Debtors
13
Cash at bank and in hand
Total current assets
Creditors : Amounts falling
due within one year
14
Net Current assets or liabilities
Total net assets or liabilities
The Funds of the Charity
Restricted funds
16
Unrestricted funds
16
Total charity funds		 -
299,233		 2022
£
2,533
294,583		 2021
£
2,639
267
208,893
299,233
(4,650)		 209,160
(5,011)
174,627
122,489
204,149
297,116 206,788
97,223
109,565
297,116 206,788

The directors are satisfied that the company is 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies' regime and in accordance with FRS102 SORP.

These financial statements were approved by the trustees on ………………. and are signed on their behalf by:

……………………………….

Samira Muse - Director

The notes on pages 11 to 18 form part of these financial statements

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BRISTOL SOMALI RESOURCE CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

1 Basis of Preparation

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),(effective 1 January 2019) - Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

2 Accounting Policies

i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.

ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-condition have been met.

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BRISTOL SOMALI RESOURCE CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

Income and Endowments From:

3 Donations and Legacies

Grants
Donations
Donations and Legacies prior year
Grants
Miscellaneous Income		 Unrestricted
Funds
£
16,517
1,298		 Restricted
Funds
£
234,135
-		 Total Funds
2022
£
250,652
1,298		 Total Funds
2021
£
284,090
1,215
17,815 234,135 251,950 285,305
Unrestricted
Funds
£
54,243
1,215		 Restricted
Funds
£
229,847
-		 Total Funds
2021
£
284,090
1,215
55,458 229,847 285,305

4 Investments

Investments
Investment Interest Unrestricted
Funds
£
258		 Restricted
Funds
£
-		 Total Funds
Total Funds
2022
2021
£
£
258
205
258
205
258 -

Investments prior year - all unrestricted

5 Government Grants

The charity receives government grants, defined as funding from Bristol City Council and North Bristol NHS Trust to fund charitable activities. The total value of such grants in the period ending 31 March 2022 was £69,080 (2021: £46,623). There are no unfulfilled conditions or contingencies attaching to these grants in the year ended 31 March 2022.

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BRISTOL SOMALI RESOURCE CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

Expenditure on:

5 Charitable activities

Community Engagement
Staffing Costs
Volunteer Expenses
Consultancy & professional fees
Postage & Stationery
Interpreting
Training & Publications
Rent & Room Hire
Travel
Website & Computer
Printing
Misc.
Telephone
Advertising and Marketing
Payroll Services
Subscriptions
Repairs & Maintenance
Refreshments
Depreciation
Charitable activities prior year
Community Engagement
Staffing Costs
Volunteer Costs
Consultancy
Postage & Stationery
Interpreting
Training & Publications
Rent & Room Hire
Travel
Website & Computer
Printing
Misc.
Telephone
Advertising and Marketing
Repairs & Maintenance
Refreshments		 Unrestricted
Funds
£
86
8,458
180
-
16
-
20
2,478
168
-
50
-
-
-
-
-
782
140
880		 Restricted
Funds
£
2,232
123,274
-
4,300
10
-
240
7,273
168
2,750
266
105
615
21
288
3,237
2,101
222
-		 Total Funds
2022
£
2,318
131,732
180
4,300
26
-
260
9,751
336
2,750
316
105
615
21
288
3,237
2,883
362
880		 Total Funds
2021
£
32,577
83,112
1,450
1,200
2
600
160
9,460
28
5,687
367
200
423
842
-
-
595
250
-
13,258 147,102 160,360 136,953
Unrestricted
Funds
£
-
450
1
1,200
2
600
160
731
28
-
-
97
-
-
7
-		 Restricted
Funds
£
32,577
82,662
1,449
-
-
-
-
8,729
-
5,687
367
103
423
842
588
250		 Total Funds
2021
£
32,577
83,112
1,450
1,200
2
600
160
9,460
28
5,687
367
200
423
842
595
250
3,276 133,677 136,953

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BRISTOL SOMALI RESOURCE CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

6 Other

Independent Examiners Fee
Bookkeeping support
Insurance
Other prior year - all unrestricted
Net incoming resources for the year
This is stated after charging:
Independent examination fees
Staff costs and numbers
The aggregate payroll costs were:
Wages and Salaries
Social Security Costs
Pension Costs		 Unrestricted
Funds
£
742
-
-		 Restricted
Funds
£
-
306
472		 Total Funds
2022
£
742
306
472		 Total Funds
2021
£
707
-
370
742 778 1,520 1,077
2022
£
742		 2021
£
707
2022
£
119,268
6,758
5,706		 2021
£
76,938
2,768
3,406
131,732 83,112

7 Net incoming resources for the year

8 Staff costs and numbers

No employee received emoluments of more than £60,000 (2021: £Nil)

The average monthly head count was 5 staff (2021: 3 staff)

9 Key personnel

The key management personnel of the charity comprise the board of trustees & two staff members. The total employee benefits of key management personnel, during the year, total £60,413 (2021: £51,683).

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BRISTOL SOMALI RESOURCE CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

10 Trustee remuneration and expenses

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil) neither were they reimbursed expenses during the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

11 Related party transactions

There were no related party transactions in the year (2021: £nil)

12 Taxation

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.

13 Debtors

Prepayments and other debtors
Creditors: amounts falling due within one year
Trade Creditors
Pension Costs
HM Revenue & Customs
Accruals & Deferred Income:
Independent Examination		 2022
£
-		 2021
£
267
- 267
2022
£
-
822
3,085
743		 2021
£
1,200
639
2,465
707
4,650 5,011

14 Creditors: amounts falling due within one year

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BRISTOL SOMALI RESOURCE CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

15 Tangible fixed assets

Cost
Addition in year
As at year end
Depreciation
Charge for the year
As at year end
Net book value
As at year end		 Computer
Equipment
£
2,639		 Office
Equipment
£
774		 Total
£
3,413
2,639 774 3,413
880 - 880
880 - 880
1,759 774 2,533

16 Analysis of Charitable Funds

Restricted funds
Oasis Talk
Quartet Community Foundation
Anti Tribalism Movement
Barton Hill Settlement
Black South West Network
Bristol City Council
Dolphin Society
Lloyds Bank
North Bristol NHS Trust
Nilaari Agency
Race Equality Foundation
Nisbet Trust
Grateful Society
St Monica Trust
Richmond Fellowship
UHB
Total Restricted Funds
Unrestricted funds
General Funds
Total Unrestricted Funds
Total funds		 At
01-Apr
2021
£
220
9,747
1,462
7,569
162
35,623
3,808
20,000
-
12,500
432
-
-
5,700
-
-		 Incoming
resources
£
-
11,899
-
9,009
33,296
65,080
6,670
30,000
10,000
4,000
-
23,247
-
13,334
19,250
8,350		 Outgoing
resources
£
-
(2,756)
(1,456)
(8,534)
(34,965)
(43,257)
(5,899)
(11,566)
(6,665)
(13,542)
(405)
(2,622)
(264)
(9,949)
-
(6,000)		 Transfers
£
-
-
(6)
(8,044)
-
-
-
-
-
-
(27)
-
-
-
(774)
-		 At
31-Mar
2022
£
220
18,890
-
-
(1,507)
57,446
4,579
38,434
3,335
2,958
-
20,625
(264)
9,085
18,476
2,350
97,223 234,135 (147,880) (8,851) 174,627
109,565 18,073 (14,000) 8,851 122,489
109,565 18,073 (14,000) 8,851 122,489
206,788 252,208 (161,880) - 297,116

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NOTES TO THE FINANCIAL STATEMENTS

BRISTOL SOMALI RESOURCE CENTRE

YEAR ENDED 31 MARCH 2021

Purpose of restricted funds

Oasis Talk Quartet Community Foundation

Anti Tribalism Movement (ATM) Barton Hill Settlement Black South West Network

Bristol City Council

Community Elders activities

Money for Barton Hill Activities Club – a group of women who have no bank and asked us to hold money for them

Employ part time support worker to support families in affected by Covid-19 Staff cost for providing support to Boost Finance Project.

Providing support to people affected by covid-19. Providing advice, digital and food and financial support.

Supporting people affected by Covid-19 who are in crisis and people with mental health. Also promoting vaccination uptake

Dolphin Society Supporting older people who are affected by Covid-19 Lloyds Bank Support activities and costs relating to charitable purposes and respond to the needs of the most vulnerable and marginalised people affected by Covid-19 MIND Providing mental health support to people affected Covid-19 Nillari Agency Mental health support for people recovering from Covid-19 Race Equality Foundation Supporting older people with dementia or at risk of developing dementia and their families SOLON Supporting people affected by Covid-19 Charity Aid Foundation Supporting people affected by Covid-19 St Monica Trust Supporting Community elders and providing advice and support.

17 Analysis of charitable funds - previous year, as required by paragraph 4.2. of the SORP

Incoming and Endowments from:
Donations and Legacies
Investments
Total
Expenditure On:
Charitable Activities
Other
Total
Net income/(expenditure)
Transfer between funds
Net movement in funds
Total funds brought forward
Total funds Carried Forward		 Unrestricted
Funds
£
55,458
205		 Restricted
Funds
£
229,847
-		 Total Funds
2021
£
285,305
205
55,663 229,847 285,510
3,276
1,077		 133,677
-		 136,953
1,077
4,353 133,677 138,030
51,310
1,880
53,190
56,375		 96,170
(1,880)
94,290
2,933		 147,480
-
147,480
59,308
109,565 97,223 206,788

BRISTOL SOMALI RESOURCE CENTRE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

18 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Cash at Bank and In Hand
Other Net Current Assets/(Liabilities)
Total		 General
Funds
£
2,533
124,606
(4,650)		 Restricted
Total
Funds
Funds
£
£
-
2,533
174,627
299,233
-
(4,650)
174,627
297,116
122,489

19 Company limited by guarantee

The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.

- 18 -