**Charity number: 1132352** ## **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2021** ## **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Notes to the financial statements**|8 - 16| **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021** **Trustees** Dr G Toworfe Rev J Addo Rev M Ayisi **Charity registered number** 1132352 ## **Principal office** 3 Shipman Court Willen Park Milton Keynes Buckinghamshire MK15 9DB ## **Accountants** GIL Accountancy Services 177 Ballens road Chatham Kent ME5 8PG Page 1 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021** The Trustees present their annual report together with the financial statements of the BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES for the year 1 April 2020 to 31 March 2021. ## **Objectives and activities** ## **. Policies and objectives** Bible Life Family Ministries was registered as a charity on 27 Oct 2009. It has a three-member board of trustees. The primary aims of the Trust are to fulfil the responsibilities of a Christian Church in the Milton Keynes and to promote the wellbeing of humanity as a whole. We also aim to provide help to all people with the view to advancing the Christian Faith in towns, cities and counties in the United Kingdom and overseas. Without question, this year has been challenging globally in dealing with COVID-19 crisis. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **. Activities undertaken to achieve objectives** The Church has several activities which are directed at achieving our aims. Our activities include weekly services, Bible studies and teachings, corporate quarterly fasting and prayer, outreaches (evangelism), welfare, counselling and different ministry programmes. It includes interceding for the nation, a key part of our prayer force. In view of the measures taken by the government in response to COVID-19 pandemic, all face-to-face meetings were cancelled for a greater part of the year. Through technology, payer sessions were held to pray corporately and intercede for the UK and the nations of the world. We also used various platforms to stay connected and keep members encouraged, strengthened and hopeful in these difficult times. ## **Achievements and performance** ## **. Main achievements of the Charity** Despite a difficult year, the Church continued to pursue its aims and objectives. Youth meetings were patronised well. Meetings addressed the needs, concerns and aspirations of the youth to ensure their development, progress and wellbeing. Corporate Prayer Force was held weekly to address individual, corporate and national concerns. These moments offered a time of encouragement, renewal and refreshing to members. Our women’s programmes continue to empower them in building strong and healthy families where children flourish and to build them up wholly to excel in every area of their lives. Welfare programmes continue to grow, supporting the needy and helping the poor. Support was given to individuals as were identified to deal with the difficulties of the times. We also supported the advancement of the Gospel of Jesus Christ and Action for Disability Development in carrying out their charitable work. Page 2 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** ## **Financial review** ## **. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **. Reserves policy** The Charity seeks to maintain reserves which match any obligation, such as to employees, and to ensure sustainability beyond the next quarter. The target is to build and maintain unrestricted reserves equating to three months normal expenditure. At the balance sheet date, the unrestricted reserves stood at £10,274 (2020 - £4,285). ## **. Principal funding and administration** The Church is funded by wilful donations from members and other interested individuals. Our transaction records are kept by appointed non-paid members of the Church. Financial decisions are made by the Trustees in consultation with the Church leadership who have the biblical oversight. Trustees are responsible for creating and monitoring budgets. They also have the powers of appointment or removal of any Trustee with the approval of the Church leadership. New Trustees are primarily selected from the members of the Church or from the leaders of other local churches sharing the same vision. When new trustees are appointed, the existing Trustees spend time with them to ensure they understand their responsibilities and the legal and financial framework in which the Church operates. ## **Structure, governance and management** ## **. Constitution** BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES is a registered charity, number 1132352, and is constituted under a Trust deed. ## **. Methods of appointment or election of Trustees** The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **. Financial risk management** The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Page 3 BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Plans for future periods The Church aims to continue io advance its mission of saving souls, making disciples, raising leaders. transforming lives and improving communities. The Church continues to explore getting a permanent place of meèbng to promote Ils m¢s510n and lo facilitate our charitable opeiations. This y￿11 help us lo embark on our vision to build a Bible and Healing School. We aim to expand through planting people-centred churches in other parts of UK and the world. Conferences centred on achieviw our aims will continue to be held. Slatemenl of Trustee5' responslbllllles Tlie Trublees are responsible lof p￿parIng ihe Tru$lees' roport and the financial slalefflents in accordance with applicaNe law and Unile(J Kingdom Accounting s￿ndards (United KIng￿r Generally Accepled Accounting PraCt￿e1. The law applicable lo charities in England & Wales requires Ihe Truslees lo prepare financial statefflents for each financial year ￿1¢￿ give a true and lair view of the slate o18ffairs ol the Charity and of its incomin9 resources and application ol ￿$OUrCes. includiiig 11$ income and expenditure, for Ihal period. In p￿parIng Ihese flnAnuAI stalemenls, the Trustees are reqliired lo.. SuitaNe accounting KKAicies and Ihen apply them consistently.. observe the Tnethods and principles of the Charrties SORP IFRS 1021., mako judgmenls and aceounling oslimales that are reasonable and prudent.. slate whether applicable UK Accounting Standards IFRS 1021 have been followed. suty'ecl lo any mal&rial departures disclosed an(J eX￿ained In ltte financial statements", prepare the financial statemenls on the g￿ng concern basis unl8ss il is inapwopriata to Pfesume that the Charity will r￿￿tinue in busir¥ess. The Trustees 3re respNJnsible for keeping adequate accounting records Ihal are 5Lrfficienl lo show and explain the Charty's Iransacfions and disclose with reasonable accuracy al any time the finanaal p¥)sition of the Chartty and enable them to ensure tbal the firkancial statements comply wrth the Charities Act 2011. the Charitv IAcpniints anrt Rewrtsl Regulatsons 2008 and the provision5 of the Trust deed. They are also ￿SponSible for safeguarding the assets of the Charity and hence for taking reasonable step5 for the prevention and detection of fraud an(J other irregularities. Approved by order of the members of the board of Trustees on 23 January 2022 and syned on Iheir behalf by". Rev J Addo Page 4 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021** ## **Independent Examiner's Report to the Trustees of BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021. ## **Responsibilities and Basis of Report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Signed: Dated: 23 January 2022 D Tabiri FCCA ACIE 177 Ballens Road Chatham, ME5 8PG Page 5 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** |**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**28,877**
**28,877**
**424**
**22,464**
**22,888**
**5,989**
**4,285**
**5,989**
**10,274**|**Total**
**funds**
**2021**
**£**
**28,877**
**28,877**
**424**
**22,464**
**22,888**
**5,989**
**4,285**
**5,989**
**10,274**|_Total_
_funds_
_2020_
_£_
_25,343_
_25,343_
_1,693_
_29,640_
_31,333_
_(5,990)_
_10,275_
_(5,990)_
_4,285_| |---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 to 16 form part of these financial statements. Page 6 BIBLE LIFE FAMILY MINISTRIES - MILTON KEY14ES BALANCE SHEEr AS AT 31 MARCH 2021 2021 Nots 2020 Fixed assets Tangible assels 2,080 Current assets 2,080 Cash at bank and in hamt 10.394 2,470 10,394 2.470 Creditors." aMI￿nIS falling due within one year 10 {1201 (265) Net Current ass*ts 10,274 Total a8sets less CU￿ert Ilabilities 10,274 4.285 Net assgts excluding penslon asset 10,274 4.285 Total nèt asset8 10.274 4,285 Charity lund8 Restricted fvnds Unreslrirted fvnds 12 12 10,274 4,285 Total fund5 10,274 4.285 The finanThal statements were approved and aulhorised for Issue by the Trustees and signed on their behalf by. Rev J Addo Dale." 23 January 2022 The notes on pages 8 10 16 form part of these financk41 stalements. Page 7 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **1. General information** BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES is a registered charity, number 1132352, and is constituted under a Trust deed. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES 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. ## **2.2 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Page 8 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **2. Accounting policies (continued)** ## **2.3 Expenditure (continued)** All expenditure is inclusive of irrecoverable VAT. ## **2.4 Government grants** Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred. ## **2.5 Tangible fixed assets and depreciation** Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following bases: |Motor vehicles|- 20% on cost| |---|---| |Fixtures and fittings|- 20% on cost| |Church equipment|- 20% on cost| |Computer equipment|- 20% on cost| ## **2.6 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.7 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.8 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 9 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **2. Accounting policies (continued)** ## **2.9 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2021**
**£**
Donations
22,077
Government grants
6,800
28,877
_Unrestricted_
_funds_
_2020_
_£_
Donations
_25,343_|**Total**
**funds**
**2021**
**£**
**22,077**
**6,800**| |---|---| ||**28,877**| ||_Total_
_funds_
_2020_
_£_
_25,343_| ## **4. Expenditure on raising funds** ## **Costs of raising voluntary income** ||**Unrestricted**|**Total**| |---|---|---| ||**funds**|**funds**| ||**2021**|**2021**| ||**£**|**£**| |Church & Ministry expenses|424|**424**| Page 10 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **4. Expenditure on raising funds (continued)** ## **Costs of raising voluntary income (continued)** ||_Unrestricted_|_Total_| |---|---|---| ||_funds_|_funds_| ||_2020_|_2020_| ||_£_|_£_| |Church & Ministry expenses|_1,693_|_1,693_| ## **5. Analysis of expenditure on charitable activities** ## **Summary by fund type** |**Unrestricted**
**funds**
**2021**
**£**
Cost of generating funds
22,464
_Unrestricted_
_funds_
_2020_
_£_
Cost of generating funds
_29,640_|**Total**
**funds**
**2021**
**£**
**22,464**| |---|---| ||_Total_
_funds_
_2020_
_£_
_29,640_| ## **6. Analysis of expenditure by activities** ||**Activities**||| |---|---|---|---| ||**undertaken**|**Support**|**Total**| ||**directly**|**costs**|**funds**| ||**2021**|**2021**|**2021**| ||**£**|**£**|**£**| |Cost of generating funds|19,838|2,626|**22,464**| Page 11 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **6. Analysis of expenditure by activities (continued)** |Cost of generating funds
**Analysis of direct costs**|_Activities_
_undertaken_
_directly_
_2020_
_£_
_26,368_|_Support_
_costs_
_2020_
_£_
_3,272_|_Total_
_funds_
_2020_
_£_
_29,640_| |---|---|---|---| ||||| |Charitable donations
Staff salaries
Refreshments
Vehicle running expenses
Rent
Honorarium
Hospitality
Evangelism, conferences & programs|**Total**
**funds**
**2021**
**£**
**7,056**
**9,600**
**1,004**
**2,178**
**-**
**-**
**-**
**-**
**19,838**|_Total_
_funds_
_2020_
_£_
_5,650_
_9,600_
_1,964_
_4,227_
_2,802_
_1,250_
_595_
_280_| |---|---|---| |||_26,368_| ## **Analysis of support costs** Page 12 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of support costs (continued)** |Computer and internet expenses
Depreciation
Dues and subscriptions
Printing, postage and stationery
Sundry|**Total**
**funds**
**2021**
**£**
**119**
**2,079**
**264**
**164**
**-**
**2,626**|_Total_
_funds_
_2020_
_£_
_119_
_2,697_
_70_
_148_
_238_| |---|---|---| |||_3,272_| ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £ - ( _2020_ - _£ -_ ). ## **8. Trustees' remuneration and expenses** During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity for the provision of services to the charity. The value of Trustees' remuneration and other benefits was as follows: |||**2021**|_2020_| |---|---|---|---| |||**£**|_£_| |Rev J Addo|Remuneration|**9,600**|_9,600_| During the year ended 31 March 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ . Page 13 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **9. Tangible fixed assets** |**Cost or valuation**
At 1 April 2020
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
_At 31 March 2020_|**Motor**
**vehicles**
**£**
**7,600**
**7,600**
**6,138**
**1,462**
**7,600**
**-**
_1,462_|**Fixtures and**
**fittings**
**£**
**592**
**592**
**592**
**-**
**592**
**-**
_-_|**Office**
**equipment**
**£**
**4,160**
**4,160**
**3,674**
**486**
**4,160**
**-**
_486_|**Computer**
**equipment**
**£**
**1,722**
**1,722**
**1,591**
**131**
**1,722**
**-**
_132_|**Total**
**£**
**14,074**| |---|---|---|---|---|---| ||||||**14,074**| ||||||**11,995**
**2,079**| ||||||**14,074**| ||||||**-**| ||||||_2,080_| ## **10. Creditors: Amounts falling due within one year** ||**2021**|_2020_| |---|---|---| ||**£**|_£_| |Trade creditors|**120**|_265_| ## **11. Financial instruments** ||**2021**|_2020_| |---|---|---| ||**£**|_£_| |**Financial assets**||| |Financial assets measured at fair value through income and expenditure|**10,394**|_2,470_| Financial assets measured at fair value through income and expenditure comprise cash at bank. Page 14 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **12. Statement of funds** ## **Statement of funds - current year** |
**Unrestricted funds**
General Funds - all funds
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds|**Balance at 1**
**April 2020**
**£**
**4,285**
_Balance at_
_1 April 2019_
_£_
_10,275_|**Income**
**£**
**28,877**
_Income_
_£_
_25,343_|**Expenditure**
**£**
**(22,888)**
_Expenditure_
_£_
_(31,333)_|**Balance at**
**31 March**
**2021**
**£**
**10,274**| |---|---|---|---|---| |||||_Balance at_
_31 March_
_2020_
_£_
_4,285_| ## **13. Summary of funds** ## **Summary of funds - current year** |
General funds
**Summary of funds - prior year**
General funds|**Balance at 1**
**April 2020**
**£**
**4,285**
_Balance at_
_1 April 2019_
_£_
_10,275_|**Income**
**£**
**28,877**
_Income_
_£_
_25,343_|**Expenditure**
**£**
**(22,888)**
_Expenditure_
_£_
_(31,333)_|**Balance at**
**31 March**
**2021**
**£**
**10,274**| |---|---|---|---|---| |||||_Balance at_
_31 March_
_2020_
_£_
_4,285_| Page 15 **BIBLE LIFE FAMILY MINISTRIES - MILTON KEYNES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **14. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2021**
**£**
Current assets
10,394
Creditors due within one year
(120)
Difference
(1)
**Total**
10,273|**Total**
**funds**
**2021**
**£**
**10,394**
**(120)**
**1**
**10,273**| |---|---| ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_2,080_
_2,470_
_(264)_
_4,286_|_Total_
_funds_
_2020_
_£_
_2,080_
_2,470_
_(264)_
_4,286_| |---|---|---| Page 16