ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
THE STIRRING, SOUTHAMPTON
(A COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION NUMBER 1133590 COMPANY REGISTRATION NUMBER 07027499
K Gomes 112 Abbeyfield Drive Fareham PO15 5PQ
THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
Page Legal and Administrative Information 3 Independent Examiner's Report on the Accounts 4 Directors' Report 5 to 7 Statement of Financial Activities 8 Balance Sheet 9 Notes to the Accounts 10 to 19
THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1133590 OTHER NAMES Bridge Christian Fellowship Bridge Christian Fellowship - Southampton START OF FINANCIAL YEAR 01 January 2020 END OF FINANCIAL YEAR 31 December 2020 DIRECTORS AT 31 DECEMBER 2020 Malcolm Anderson (Chair) Alun Leppitt Donna Leppitt (Company Secretary) Christopher Grace Carolyn Vanstone
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
GOVERNING DOCUMENT Memorandum and Articles Incorporated on 23rd September 2009 REGISTRATION DATE 20th January 2010 DATE OF INCORPORATION 23rd September 2009
OBJECTS
a) To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule here to in the United Kingdom and the World as the Trustees from time to time may think fit and other such other purposes which are exclusively Charitable according to the Law of England & Wales and are connected to the Charitable work of the Charity.
b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods and services of any kind, including through the provision of counselling and support in such part of the United Kingdom and other such part of the World as the Trustees from time to time think fit.
c) To advance education including but not by limitation education in the Christian Religion and Christian lifestyle in the United Kingdom and other such parts of the World as the Trustees from time to time may think fit.
d) To provide and maintain facilities for the benefit of the communities within the United Kingdom without distinction of race, sex, political opinion and with the object of improving condition of life for the said inhabitants as the Trustees from time to time in their discretion determine.
REGISTERED ADDRESS 23 Raymond Road Southampton SO15 5AG BANKERS The Co-operative Bank Plc. P.O. Box 101 1 Balloon Street Manchester M60 4EP CF5 1BL
INDEPENDENT EXAMINER
K Gomes MAAT 112 Abbeyfield Drive Fareham PO155PQ
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
Report to the trustees/ members of The Stirring, Southampton on the accounts for the year ended 31st December 2020.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Kim Gomes MAAT 112 Abbeyfield Drive Fareham PO155PQ
Date: 28.7.21
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2020
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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 (FRS102)(effective 1 January 2005).
STRUCTURE GOVERNANCE AND MANAGEMENT
The organisation’s charity is limited by guarantee incorporated on 23rd September 2009 and registered as a charity on 20th January 2010. The company was established under its Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
GOVERNING DOCUMENT
Its governing document is the Memorandum and articles of Association incorporated 23 September 2009 as amended by certificate of incorporation on change on name dated 18 April 2016.
ORGANISATIONAL STRUCTURE
The directors of the company are also charity trustees for the purposes of charity law. All directors give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in Note 13 to the Accounts.
RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES
The trustees were those appointed as directors of the company when charitable status was obtained on 20th January 2010. Appointment and removal of trustees/directors is in accordance with the Memorandum and Article of Association of the company.
Normally, the Trustees meet four times per year to consider financial considerations of the Charity.
AIMS AND PURPOSES
Our purposes, as recorded in our constitution, are:-
(a) to advance the christian faith in accordance with the statement of beliefs appearing in the schedule hereto in the united kingdom and in such other parts of the world as the trustees may from time to time think fit and such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity;
(b) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the united kingdom or the world as the trustees from time to time may think fit;
(c) to advance education including but not by way of limitation education in the Christian religion and Christian lifestyle in the United Kingdom or the world as the trustees may from time to time think fit;
(d) to provide and maintain facilities for the benefit of communities within the United Kingdom without distinction of race, sex, political, religious or other opinion and with the object of improving conditions of life for the said inhabitants as the trustees may from time to time in their discretion determine.
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
Our main activities and who we try to help are described below. All our charitable activities focus on training and equipping the saints for the work of ministry, for building up the body of Christ and we have undertaken to further our charitable purposes for the public benefit.
SIGNIFICANT ACTIVITIES
The charity ran a successful conference in February called 20:20 Vision.
After just three sessions the School of Prophecy was unfortunately curtailed due to the Covid 19 pandemic but plans are to resume it when the restrictions are lifted or to do a Zoom online course.
The mission trip to Cuba in May/June also had to be cancelled due to Covid.
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2020
CHARITABLE ACTIVITIES
The vision remains the same to partner with other organisations to see Jesus’ heart displayed in Southampton and across the world. The Stirring has a heart to see the Kingdom of God here, as it is in heaven. A passionate community of Gods people who love to worship Father God wholeheartedly. We regularly offer prayer for the sick, personal prayer ministry and prophetic encouragement. It is our desire to release Gods will into the lives of those we meet and to fans the flames of revival fire wherever we go.
We continue to build strong relationships with men and women of God from across the world who can train, equip and release believers into the ministry of Jesus. The Stirring is a place to be yourself, and become the kind of person that reflects the passion and heart of Jesus. We follow Him, to become like Him and do the kind of things He did and more.
Our vision includes being a place of training and renewal and to this end we run a regional Leadership Hub throughout the year with occasional guest speakers. This year we ran a successful prophetic conference called 20:20 vision with an international speaker David Wagner and renown speaker Sharon Stone from the UK. Some of our worship team support local worship and prayer initiatives like The Burn, part of a worldwide movement and National Heart of Worship (NHOW). We also run regular worship meetings and informal gatherings, though these have been curtailed because of Covid and have been replaced over Zoom.
Plans were to provide teaching and training in many churches nationally and internationally including USA, Nigeria, Cuba and the UK. Covid 19 prevented travel so teaching and training were completed online over Zoom to places including Africa, Nigeria, USA and the UK.
FINANCIAL REVIEW
During the year ended 31st December 2020, the Charity had net income of 1,649 making reserves carried forward at 31st December 2020 for £7217. This is set out in further detail in the accompanying annual accounts.
In the year ended 31st December 2020, gross income of £28,259 included donations of £13,911, £10,495 from our 20:20 Prophetic Conference in February and £895 from our School of Prophecy in March.
The net income for the 20:20 Prophetic conference was £3,206 and the School of Prophecy was £825. Unfortunately the Covid-19 pandemic caused our Cuba Mission trip to be cancelled and we made a loss of £2,609 mainly due to prepurchased flights. We have however been given a credit note/voucher for American Airlines for £1574 towards future flights which are valid for 24 months.
PROCEDURES AND POLICIES
Normally, the Trustees meet four times per year to consider financial considerations of the Charity.
RISK MANAGEMENT
The trustees have a duty to identify and review the risks to which the charity is exposed to and ensure appropriate controls are in place for reasonable assurance against fraud and error.
The Directors do not perceive any major risks to the charity at this time.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company Number: 07027499
Registered Office: 23 Raymond Road Southampton SO15 5AG Directors: Malcolm Anderson Chris Grace Carolyn Vanstone Alun Leppitt Donna Leppitt
Independent Examiner: Kim Gomes
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THE STIRRING, SOUTHAMPTON
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS' REPORT (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2020
Directors' Responsibilities
Statement of Directors' Responsibilities:
The Charities Act and the Companies Act require the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the directors are required to :-
a) select suitable accounting policies and then apply them consistently;
b) make judgements and estimates that are reasonable and prudent;
c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business; d) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and which are sufficient to show and explain the company's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are also responsible for the of the Directors' report, and the responsibility of the independent examiner in relation to the Directors' report is limited to examining the report and ensuring that on the face of the report there are no inconsistencies with the figures disclosed in the financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
I approve the attached statement of financial activities and balance sheet and confirm that I have made available all information necessary for its preparation.
Approved by the Directors on the…..........................................................................................
Signed on their behalf by
Director…...................................................................................
Print Name…......................................................................................
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020
| Notes INCOMING RESOURCES Donations & Legacies 2a Investment Income 2b Charitable Activities 2c Other Incoming Resources 2d TOTAL INCOMING RESOURCES Costs of Charitable Activities 3a Governance Costs 3b NET INCOMING/(OUTGOING) RESOURCES Balances Brought Forward BALANCES CARRIED FORWARD RESOURCES EXPENDED TOTAL RESOURCES EXPENDED TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS RECONCILATION OF FUNDS: |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2020 2019 £ £ £ £ 15,703 - - 15,703 20,468 - - - - 0 12,556 - - 12,556 21,034 - - - - 230 |
|---|---|
| 28,259 - - 28,259 41,731 |
|
| 26,531 - - 26,531 42,863 477 - - 477 793 |
|
| 27,009 - - 27,009 43,656 |
|
| 1,250 - - 1,250 (1,925) - - - - - |
|
| 1,250 - - 1,250 (1,925) |
|
| 6,042 - 100 6,142 8,067 |
|
| 7,293 - 100 7,393 6,142 |
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 7 to 13 form part of these financial statements.
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THE STIRRING, SOUTHAMPTON
(A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2020
| Fixed Assets Notes Tangible Assets 2 Current Assets 8 7 Total Current Assets 9 10 General 6 5 TOTAL ASSETSless current liabilities Creditors:due in more than one year Creditors:due within one year NET ASSETS FUNDS OF THE CHARITY Designated Funds Restricted funds TOTAL FUNDS NET CURRENT ASSETS Debtors & Prepayments Cash at bank and in hand |
Unrestricted Restricted Total Total Fund Funds 31-Dec-20 31-Dec-19 £ £ £ 2,303 - 2,303 3,071 |
|---|---|
| 2,303 - 2,303 3,071 |
|
| 104 - 104 149 5,135 - 5,135 5,526 |
|
| 5,240 - 5,240 5,675 |
|
| 150 - 150 2,603 5,090 - 5,090 3,072 |
|
| 7,393 - 7,393 6,142 - - - - |
|
| 7,393 - 7,393 6,142 |
|
| 7,293 7,293 6,042 100 100 100 - - - - |
|
| 7,393 - 7,393 6,142 |
Director’s responsibilities: For the year ended 31st December 2020.
The Directors are satisfied the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears after the Notes to the Financial Statements.
The Director(s) acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which
comply with sections 386 of the Act 2006 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirement of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
Approved by the Directors on the…............................................................................................................... Signed on their behalf by Director..................................................................... Print Name:…...................................................................................................
Company Registration Number : 07027499 Registered Office : 23 Raymond Road Southampton SO15 5AG
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
Basis of preparation:
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
-
the charity becomes entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
Incoming Resources with Related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.
Volunteer Help
The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
This page does not form part of the statutory financial statements
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Fund Accounting
Funds held by the charity are either:
1. Unrestricted funds
These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.
2. Restricted funds
These are funds that can only be used for particular restricted purposes within the objects of the charity.
3. Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
General Equipment
25%
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
This page does not form part of the statutory financial statements
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
2. TANGIBLE FIXED ASSETS
| Additions At 31 December 2020 Net Book Value At 1 January 2020 Cost At 1 January 2020 At 1 January 2020 Charge for the Year At 31 December 2020 At 31 December 2020 Accumulated Depreciation |
General Equipment 2020 £ £ 4,548 4,548 - - |
|---|---|
| 4,548 4,548 |
|
| 1,477 1,477 768 768 |
|
| 2,245 2,245 |
|
| 2,303 2,303 |
|
| 3,071 3,071 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st December 2020 : None
31st December 2019 : None
This page does not form part of the statutory financial statements
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
3. INCOMING RESOURCES
| Note Sundry Income b) Investment Income a) Donations & Legacies Interest Received Activities & Events c) Incoming from Charitable Tithes, Gifts & offerings Tax Recoverable D) Other Income |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2020 2019 £ £ £ £ 13,911 - - 13,911 17,835 1,792 - - 1,792 2,633 |
|---|---|
| 15,703 - - 15,703 20,468 |
|
| - - - - 0 |
|
| - - - - 0 |
|
| 12,556 - - 12,556 21,034 |
|
| 12,556 - - 12,556 21,034 |
|
| - - - - 230 |
|
| - - - - 230 |
This page does not form part of the statutory financial statements
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
4. RESOURCES EXPENDED
| Note Honourarium Leaders expenses Website Costs Equipment Costs Gifts & Donations Legal & Professional fees Independent Examiner Fee Insurance Costs Training Costs Activities & Events Bank Charges a) Chairtable activities Depreciation expense Paypal fees Printing, Postage & Stationery Subscriptions Sundry Expenses b) Governance costs |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2020 2019 £ £ £ £ 10,185 - - 10,185 19,076 3 - - 3 16 768 - - 768 779 72 - - 72 18 12,545 - - 12,545 16,974 950 - - 950 3,490 388 - - 388 1,716 0 - - 0 - 237 - - 237 10 255 - - 255 - - - - - 217 13 - - 13 532 1,115 - - 1,115 36 |
|---|---|
| 26,531 - - 26,531 42,863 |
|
| 151 - - 151 473 313 - - 313 307 13 - - 13 13 - |
|
| 477 - - 477 793 |
This page does not form part of the statutory financial statements
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020
4. RESTRICTED FUNDS
The Charity held no Restricted Funds during this or the previous financial period.
5. DESIGNATED FUNDS
CURRENT FINANCIAL YEAR
| PREVIOUS FINANCIAL YEAR Main Fund Projects Fund Main Fund |
Balance Balance 01-Jan-20 Income Expenditure Transfer 31-Dec-20 £ £ £ £ £ 100 - - - 100 |
|---|---|
| 100 - - - 100 |
|
| Balance Balance 01-Jan-19 Income Expenditure Transfer 31-Dec-19 £ £ £ £ £ 5,975 16,000 (16,974) (4,901) 100 7 - - (7) - |
|
| 5,983 16,000 (16,974) (4,909) 100 |
6 INVESTMENTS
The Charity held no investment assets during this or the previous financial period.
7. CASH AT BANK AND IN HAND
| 7. CASH AT BANK AND IN HAND | |
|---|---|
| Current A/c 1 Petty Cash |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-20 31-Dec-19 £ £ £ £ 4,935 - 100 5,035 5,526 100 - - 100 - |
| 5,035 - 100 5,135 5,526 |
8. DEBTORS AND PREPAYMENTS
| Prepayment-Event Conf fee exp Prepayment-Insurance Prepayment-Website Costs |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-20 31-Dec-19 £ £ £ £ - - - - 28 104 - - 104 104 - - - - 16 |
|---|---|
| 104 - - 104 149 |
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THE STIRRING, SOUTHAMPTON (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020
9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee Deferred Income-Event Conference |
Unrestricted Restricted Designated Total Total Funds Funds Funds 31-Dec-20 31-Dec-19 £ £ £ £ 150 - - 150 398 - - - - 2,205 |
|---|---|
| 150 - - 150 2,603 |
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial period.
11. STAFF COSTS AND NUMBERS
The Charity employed no members of staff during this or the previous financial period.
12. CAPITAL AND RESERVES
The Company is Limited by Guarantee 07027499 and it is a charity registered with the Charity Commission 1133590.
It does not have a Share capital and has no income subject to Corporation Tax.
| Profit / Deficit for the financial year Other Recognised Gains Closing Funds at 31-Dec-20 Balance Brought Forward |
31-Dec-20 £ 1,250 - 1,250 6,142 7,393 |
31-Dec-19 £ (1,925) - |
|---|---|---|
| (1,925) 8,067 |
||
| 6,142 |
13. TRUSTEES AND OTHER RELATED PARTIES
Alun and Donna Leppitt, who are Directors received £11,690 from funds that were designated specifically for them. They also received £950 from contributions towards their honorariums. Malcolm Anderson, who is a Director, donated £3000 to the Charity and Alun and Donna Leppitt donated £1882.
14. RISK ASSESSMENT
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Directors' report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
This page does not form part of the statutory financial statements
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