Charity number: 1135341
THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 17 |
THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees Dr Bayo Aderemi Odedoyin, Chairman Pastor David Idowu Mrs Mojirade Mulikat Alabi Mr Victor Oladele Charity registered number 1135341 Principal office St. Clement's Close (Off Coldhabour Road) Northfleet Kent DA11 7RU Accountants GIL Accountancy Services 177 Ballens Road Chatham Kent ME8 5PG Pastor-in-Charge Pastor David Idowu
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their annual report together with the financial statements of THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS for the year 1 January 2020 to 31 December 2020.
Objectives and activities
a. Policies and objectives
Our ultimate goal is to enable diverse people to make heaven by nurturing, empowering and equiping them to live a holy and well fulfilled life based on excellence and solid relationships. Our mandate is found in Isaiah 61:4 which says "And they shall build the old wastes, they shall raise up the former desolations, and they shall repair the waste cities, the desolations of many generations".
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)'.
b. Activities undertaken to achieve objectives
The Church continues to engage members and community at large in its various programmes. The Trussell Trust Foodbank network activities increased with reach to many more families. Over the years the strength of the Church has been based on the sacrificial service of volunteers. This year is no exception. We whole-heartedly thank all our volunteers for their immesurable contribution during the year. God bless you all.
c. Financial review
Total receipts during the year was £216,553(2019: £117,901). Total expenditure for the year was £125,562 (2019: £115,315). The detailed breakdown of the accounts can be found in the accompanying SOFA, balance sheet and notes.
d. Risks 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 our exposure to the major risks.
e. 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.
f. 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.
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Structure, governance and management
a. Constitution
THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS is a registered charity, number 1135341, and is constituted under a Trust deed.
b. 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. No new trustee was appointed during the year. The board of trustees set the direction and policy framework for the Church. The board also put in place the process for reviewing, evaluating and implementing appropriate risk management framework.
Funds held as custodian
During the year, the charity held endowment fund contributions from local area RCCG parishes with the aim of helping them save.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Dr Bayo Aderemi Odedoyin (Chair of Trustees) Date:
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
Independent Examiner's Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2020.
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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: D Tabiri
Dated: ACIE FCCA
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2020 £ 73,887 - 73,887 53,935 53,935 19,952 - 19,952 19,952 |
Unrestricted funds 2020 £ 99,333 43,333 142,666 71,627 71,627 71,039 14,110 71,039 85,149 |
Total funds 2020 £ 173,220 43,333 216,553 125,562 125,562 90,991 14,110 90,991 105,101 |
Total funds 2019 £ 97,398 20,503 |
|---|---|---|---|---|
| 117,901 | ||||
| 115,315 | ||||
| 115,315 | ||||
| 2,586 | ||||
| 11,524 2,586 |
||||
| 14,110 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 17 form part of these financial statements.
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
BALANCE SHEET AS AT 31 DECEMBER 2020
| Note Fixed assets Tangible assets 10 Current assets Stocks 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
16,374 91,303 107,677 (5,641) |
2020 £ 3,065 3,065 102,036 105,101 105,101 105,101 19,952 85,149 105,101 |
2,145 17,389 19,534 (8,557) |
2019 £ 3,133 |
|---|---|---|---|---|
| 3,133 10,977 |
||||
| 14,110 | ||||
| 14,110 | ||||
| 14,110 | ||||
| - 14,110 |
||||
| 14,110 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ Dr Bayo Aderemi Odedoyin (Chair of Trustees)
Date:
The notes on pages 7 to 17 form part of these financial statements.
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. General information
THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS is a registered charity, number 1135341, 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.
THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS 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.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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 charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
2. Accounting policies (continued)
2.3 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
2.4 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:
- Fixtures and fittings 20% straight line - Church & Office equipment 20% reducing balance
2.5 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
2. Accounting policies (continued)
2.9 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.10 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
3. Income from donations
| Donations - Tithes, offerings, thanksgiving etc Grants Total 2020 Donations - Tithes, offerings, thanksgiving etc Grants Total 2019 |
Restricted funds 2020 Unrestricted funds 2020 £ £ - 89,981 73,887 9,352 73,887 99,333 Unrestricted funds 2019 £ 65,506 31,892 97,398 |
Total funds 2020 £ 89,981 83,239 |
|---|---|---|
| 173,220 | ||
| Total funds 2019 £ 65,506 31,892 |
||
| 97,398 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
4. Income from other charitable activities
| Unrestricted funds 2020 £ Gift aid receipts 11,720 Donations - Gravesham Foodbank 31,613 Total 2020 43,333 Unrestricted funds 2019 £ Gift aid receipts 7,841 Donations - Gravesham Foodbank 12,662 Total 2019 20,503 |
Total funds 2020 £ 11,720 31,613 |
|---|---|
| 43,333 | |
| Total funds 2019 £ 7,841 12,662 |
|
| 20,503 |
5. Analysis of expenditure on charitable activities
Summary by fund type
| Church activities Gravesham Foodbank |
Restricted funds 2020 Unrestricted funds 2020 £ £ - 81,781 53,935 (10,154) 53,935 71,627 |
Total funds 2020 £ 81,781 43,781 |
|---|---|---|
| 125,562 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
5. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Church activities Gravesham Foodbank |
Unrestricted funds 2019 £ 78,428 36,887 115,315 |
Total funds 2019 £ 78,428 36,887 |
|---|---|---|
| 115,315 |
6. Analysis of expenditure by activities
| Church activities Gravesham Foodbank Total 2020 |
Activities undertaken directly 2020 £ 81,321 43,781 125,102 |
Support costs 2020 £ 460 - 460 |
Total funds 2020 £ 81,781 43,781 |
|---|---|---|---|
| 125,562 |
| Church activities Gravesham Foodbank Total 2019 |
Activities undertaken directly 2019 £ 78,308 36,887 115,195 |
Support costs 2019 £ 120 - 120 |
Total funds 2019 £ 78,428 36,887 |
|---|---|---|---|
| 115,315 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
6. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Rent & rates Office admin. expenses Honorarium Light & heat Repairs & renewals Insurance Telephone and internet costs Computer and IT expenses Stationery, printing and postage Hospitality & welfare Legal & professional fees Accountancy fees Depreciation WEM & Central office charges Youth & children's ministry Stipend Sundry expenses Motor expenses Music & Ministry expenses Bank charges Charitable donations Closing Stock adjustment Conferences & special programmes Total 2020 |
Church activities 2020 £ - 22,160 2,635 4,201 4,069 3,365 1,623 346 940 602 1,622 - 892 3,206 3,360 145 17,500 2,172 696 9,651 524 770 - 841 81,320 |
Gravesham Foodbank 2020 £ 44,561 9,135 - - - - 460 - - - - 1,000 420 239 - - - 1,460 - - 735 - (14,229) - 43,781 |
Total funds 2020 £ 44,561 31,295 2,635 4,201 4,069 3,365 2,083 346 940 602 1,622 1,000 1,312 3,445 3,360 145 17,500 3,632 696 9,651 1,259 770 (14,229) 841 125,101 |
|---|---|---|---|
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
6. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Staff costs Rent & rates Office admin. expenses Honorarium Light & heat Repairs & renewals Insurance Telephone and internet costs Computer and IT expenses Stationery, printing and postage Hospitality & welfare Travelling expenses Accountancy fees Depreciation WEM & Central office charges Youth & children's ministry Stipend Sundry expenses Foodbank miscellaneous expenses Music & Ministry expenses Bank charges Charitable donations Conferences & special programmes Total 2019 Analysis of support costs |
Church activities 2019 £ - 27,907 5,267 3,000 1,928 759 2,556 346 680 26 2,306 1,694 860 824 3,310 1,445 6,500 563 - 15,005 500 720 2,112 78,308 |
Gravesham Foodbank 2019 £ 35,827 - - - - - - - - - - - - - - - - 340 720 - - - - 36,887 |
Total funds 2019 £ 35,827 27,907 5,267 3,000 1,928 759 2,556 346 680 26 2,306 1,694 860 824 3,310 1,445 6,500 903 720 15,005 500 720 2,112 |
|---|---|---|---|
| 115,195 | |||
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2020 | 2019 | |
| £ | £ | |
| Traning | 460 | 120 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
7. Independent examiner's remuneration
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 800 | 800 |
| Fees payable to the Charity's independent examiner in respect of: | ||
| All other services not included above | 512 | 60 |
8. Staff costs
| Wages and salaries Contribution to defined contribution pension schemes |
2020 £ 43,758 803 44,561 |
2019 £ 35,231 596 |
|---|---|---|
| 35,827 |
The average number of persons employed by the Charity during the year was as follows:
| 2020 | 2019 | |
|---|---|---|
| No. | No. | |
| Staff | 2 | 1 |
No employee received remuneration amounting to more than £60,000 in either year.
9. Trustees' remuneration and expenses
During the year, one or more Trustees has been paid remuneration of £24,194 (£2019: £24,875) or has received other benefits from an employment with the Charity.
During the year ended 31 December 2020, no Trustee expenses have been incurred (2019 - £NIL) .
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
10. Tangible fixed assets
| Cost or valuation At 1 January 2020 Additions At 31 December 2020 Depreciation At 1 January 2020 Charge for the year At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 Stocks Food stocks Creditors: Amounts falling due within one year Other taxation and social security Pension fund loan payable Other creditors Accruals and deferred income |
Fixtures and fittings £ 495 540 1,035 - 239 239 796 495 |
Computer equipment £ 19,887 2,837 22,724 17,249 3,206 20,455 2,269 2,638 2020 £ 16,374 2020 £ 2,950 511 1,380 800 5,641 |
Total £ 20,382 3,377 |
|
|---|---|---|---|---|
| 23,759 | ||||
| 17,249 3,445 |
||||
| 20,694 | ||||
| 3,065 | ||||
| 3,133 | ||||
| 2019 £ 2,145 2019 £ 2,246 512 - 5,799 8,557 |
11. Stocks
12. Creditors: Amounts falling due within one year
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
13. Financial instruments
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 91,303 | 17,389 |
Financial assets measured at fair value through income and expenditure comprise cash at bank and trade debtors.
14. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds 1 Restricted funds Restricted Funds - all funds Total of funds Statement of funds - prior year Unrestricted funds General Funds 1 |
Balance at 1 January 2020 £ 14,110 - 14,110 Balance at 1 January 2019 £ 11,524 |
Income £ 142,666 73,887 216,553 Income £ 117,901 |
Expenditure £ (71,627) (53,935) (125,562) Expenditure £ (115,315) |
Balance at 31 December 2020 £ 85,149 |
|---|---|---|---|---|
| 19,952 | ||||
| 105,101 | ||||
| Balance at 31 December 2019 £ 14,110 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD: LIFE START CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
15. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2020 Unrestricted funds 2020 £ £ - 3,065 19,952 87,725 - (5,641) 19,952 85,149 |
Total funds 2020 £ 3,065 107,677 (5,641) 105,101 |
|---|---|---|
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2019 £ 3,133 19,534 (8,558) 14,109 |
Total funds 2019 £ 3,133 19,534 (8,558) 14,109 |
|---|---|---|
16. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £803 (2019 - £596). £511 (2019 - £512) were payable to the fund at the balance sheet date and are included in creditors.
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