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2023-03-31-accounts

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

INDEX
Company information
Report of the directors
Independent examiner’s report
Statement of financial activities
Balance sheet
Notes to the financial statements		 Page
1
2 - 6
7
8
9
10

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE)

COMPANY INFORMATION

COMPANY NUMBER : 06939695 CHARITY NUMBER : 1135543

DIRECTORS/TRUSTEES : Prof. Joanna Latimer (Chair) Kim Britten Vivienne Reiss Anne De Charmant Bablu Miah Dr. Zoe Zontou Prof. Anne Marie Rafferty Jameisha Prescod Beatrice Walker Maggie O’Neil Marina Carral Fernandez

CHARITY ADDRESS AND : Room 7 St. Margaret’s House 21 Old Ford Road London E2 9PL REGISTERED OFFICE : 75 Maygrove Road West Hampstead London NW6 2EG

1

LONDON ARTS IN HEALTH FORUM (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS

The trustees present their report and accounts for the year ended 31 March 2023.

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 (FRS102- effective 1 January 2015- (Charities SORP FRS 102).

Structure, governance, and management

DIRECTORS AND THEIR INTERESTS

The directors who have served during the period are as follows: -

Dr. Joanna Latimer (Chair) Kim Britten Vivienne Reiss Anne De Charmant Bablu Miah Zoe Zontou Prof. Anne Marie Rafferty Jameisha Prescod Beatrice Walker Maggie O’Neil Marina Carral Fernandez Stephen Sandford (retired in June 2022) Daniel Regan (retired in June 2022) Kat Low (retired in June 2022 Gail Babb (retired in June 2022) Rishi Coupland (retired in December 2022) Eugenia Lee (retired in December 2022)

Each of the directors has a limited liability of £1.

Objects and activities for public benefit

Vision

Our vision is that the power of arts and culture transforms and enriches the lives and health of Londoners.

Mission

London Arts and Health Forum (LAHF) supports artists, creative practitioners, and health professionals across the whole of London and beyond. Promoting excellence and engagement in the field of Creative Health and extending the reach of the arts to communities and individuals who would otherwise be excluded.

The objectives of LAHF, as set out in articles of association and memorandum, are:

2

LONDON ARTS IN HEALTH FORUM (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS (Cont’d)

The objects for which the Company is formed shall be to advance the education of the public

in Greater London and surrounding areas by promoting, researching, improving and developing greater awareness of the benefits of the arts in protecting and preserving health.

Achievements and performance

2022-2023 saw refreshed leadership for LAHF with the appointment of new Director Anna Woolf who oversaw and delivered three key milestone projects including: Creativity and Wellbeing Week (May 2022), the successful submission to the new 2023-26 Arts Council England (ACE) Let’s Create portfolio to refund LAHF as an Investment Principles Support Organization (IPSO, confirmed Nov 2022 and starting April 2023) and the launch of the Artists’ Represent Recovery Network (ARRN, February 2023).

LAHF continued collaborating and working with key funder and strategic partner, the Greater London Authority (GLA), and delivered training for the sector at City Hall as well as working more strategically on the creation of London as a Creative Health Capital City.

Creativity and Wellbeing Week (C&WW)

In May 2022 the team delivered C&WW, our national yearly festival in conjunction with the Culture, Health & Wellbeing Alliance and core partners the Royal Horticultural Society and University Hospital Lewisham, reflecting Lewisham’s place as the 2022 London borough of Culture. The week promoted a range of cultural health partners including the global majority LGBTQIA+ collective Misery , to think about inclusion, mental health, and creativity in nature; the launch of Julie’s Bicycle and Fast Familiar’s digital climate tool for cultural organisations; and the celebration of excellence in the field by launching the 2022 CH&WA awards. The week saw 100s of events and 1000s of participants take part in activities up and down the country.

Board and Trustees

Our chair, Prof. Joanna Latimer, oversaw the recruitment of new trustees bringing a wealth of diverse lived, academic, health and VCSE experience, as well as representing the diversity of Londoners experiencing creative health in the city, including: Anne De Charmant (Founding Director of Meadowarts ); Bablu Miah (Founding Director of Trapped in Zone 1 ); Dr. Zoe Zontou ( Associate Professor In Drama, Liverpool Hope University); Prof. Anne Marie Rafferty (Professor of Nursing Policy, KCL); Jameisha Prescod ( Artist-filmmaker, producer and writer) ; Beatrice Walker (Researcher, National Academy for Social Prescribing); and Maggie O’Neil ( Sociology & Criminology at University College Cork) . Recruitment continued for an experienced Treasurer, appointed in June 2023. The board sub-committees including commitment to EDI, climate change and health, financial robustness and sustainability, mentoring and support for staff and board have also been established.

3

Partnerships and Projects

Further awards from ACE and the GLA funded the launch of the Artists’ Represent Recovery Network (ARRN) which we lead, collaborating with RAW Material and Arts & Health Hub . The purpose of the ARRN is to create opportunity in the sector for Black and Global Majority artists working in, or who have the potential to work in, the field of creative health. 10 artist practitioners were selected from over 80 applications and in February 2023 commenced a comprehensive 12-month training programme. We are committed to making the sector as inclusive as possible by collaborating with organisations such as Arts & Health Hub to do this.

In March 2023 we moved to St. Margaret’s House (SMH) in Bethnal Green (Tower Hamlets) as LAHF continues to solidify work in the Integrated Care Partnership North East London region, partnering with organisations such as SMH to achieve this. Our newly opened hot-desking space provides low-cost space for practitioners to work and collaborate in as well as a library of Creative Health materials for the sector to use.

We were successful in achieving a Catalyst grant from the Royal Society of Arts to continue to develop our work supporting the sector in Cultural Social Prescribing.

Digital Reach

At the core of our free digital-first offer to our members is our bi-weekly updated newsletter, with over 6,000 subscribers. LAHF members can now upload their own content including stories, articles, jobs and news. Highlights from members include a Black History Month commission and interview, Cultural Social Prescribing Myth Buster updates and Creativity and Wellbeing Week activity including a reach of 278,000 UU on social media. On social media, we have over 25,000 subscribers engaging with our regular updates about the latest conferences, jobs, publications, news, and opportunities.

Funding

LAHF is grateful to ACE for its ongoing support of the charity, funded as a National Portfolio Organisation (NPO) until April 2023. In November 2022, LAHF was informed it had successfully been reaccepted into the new ACE Portfolio as an Investment Principles Support Organization (IPSO) and had received standstill funding for 3 more years. At the heart of the organisation is support for creative health practitioners and organizations, and over the course of the year 22-23, LAHF responded to thousands of enquiries with support and guidance.

At the end of financial period 22-23 LAHF prepared a 5-year bid to City Bridge Trust to further solidify and increase core funding to allow the team to grow and achieve sustainability.

It is noted that income has increased significantly and expenditure has remained stable during this period, allowing the organisation to begin to plan strategically for the next 3-5 years of delivery and growth.

4

Reserves and future sustainability

Jenni Regan, the outgoing Director, was replaced in 2022 by Anna Woolf as the incoming Director, later supported by Matthew Couper, appointed as Co-Director in April 2022. A bookkeeper has been employed on a monthly basis to support the team in making sound financial decisions. We have instituted a reserves policy, aiming to maintain a level of free,

unrestricted reserves of or around 3-months average core expenditure, and including ongoing assessment and reporting of risks, holding the financial accounts against LAHs target reserves as well as the creation of a Board finance sub-committee responsible for reviewing and developing strategies and processes to ensure the sustainability and accountability of the charity. The Directors and Board continue to build and develop relationships with new funders as well as look to launch the membership model to offer further sustainability to the organisation moving forwards.

5

Financial Risk Register
RISK MITIGATION
Budgetary control and financial
reporting		 •Monitor and report in a timely and accurate way
•Regularly review reserves and investments
• Recruit board sub committee to oversee budgets
and resources
• Regular sessions between CEO and Treasurer to
plan, project and review
Reserves policies • A clear reserves policy- 3 months reserves
Compliance with funder imposed
restrictions		 • Agree budget control, monitoring and reporting
arrangements
Fraud or error • review financial control procedures
• segregate duties
• set authorisation limits
Dependency on income sources • identify major dependencies
• implement adequate reserves policy
• Put in place robust diversification plans

The Directors’ Report is prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

SIGNED ON BEHALF OF THE BOARD OF DIRECTORS

Professor Joanna Latimer Chair of the Board of Trustees

Director

The Highwood, Bircher, Herefordshire, HR60 0BN.

26 January 2024

6

INDEPEND ENT EXAMINER’S REPORT TO THE TRUS TEES OF LONDON ARTS IN HEALTH FORUM FOR THE YEAR ENDED 31 MARCH 2023

I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages 8 to 17.

Responsibilities and basis of report

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 ex aminer’s statement

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.

Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG

26 January 2024

7

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR EDNED 31 MARCH 2023

Note
Income from:
Charitable activities
3
Investments
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
for the year
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
101,508
20
101,528
61,813
61,813
39,715
-
39,715
12,849
52,564		 Restricted
£
70,576
-
70,576
70,576
70,576
-
-
-
-
-		 2023
Total
£
172,084
20
172,104
132,389
132,389
39,715
-
39,715
12,849
52,564		 2022
Total
£
122,937
-
122,937
137,523
137,523
(14,586)
-
(14,586)
27,435
12,849

8

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets:
Tangible assets
Current assets:
Debtors
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
Total net assets / (liabilities)
The funds of the charity:
12
Unrestricted income funds
Total charity funds		 £
-
54,764
54,764
(2,200)		 2023
£
-
-
52,564
52,564
52,564
52,564
52,564		 £
-
14,203
14,203
(1,354)		 2022
£
-
-
12,849
12,849
12,849
12,849
12,849

For the financial year ended 31 March 2023, the Company was entitled to exemption from audit under Section 477 of the Companies Act 2006, and no notice has been deposited under Section 476. The directors acknowledge their responsibilities for ensuring that the Company keeps accounting records which comply with Section 386 of the Act and preparing Financial Statements which give a true and fair view of the state of affairs of the Company as at the end of the period and of its profit or loss for the financial period in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006, so far as applicable to the Company.

The Financial Statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

The Financial Statements were approved by the Board on ………… 26th January 2024

Joanna Latimer, Director & Chair of the Board of Trustees

-xxxxxxxxxxxxxxxxxx Judith Mellor, OBE xxxxxxxxxx Director Company No. 06939695

9

LONDON ARTS IN HEALTH FORUM (A COMPANY LIMITED BY GUARANTEE) ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

a) 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 2015) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

c) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

Key judgements that the charitable company has made which have a significant effect on the accounts include estimating the liability from multi-year grant commitments.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

10

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies (continued)

e) Donations of gifts, services and facilities

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f) Interest receivable

g) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

h) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the staff costs and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

11

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies (continued)

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash 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. Cash balances exclude any funds held on behalf of service users.

l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.

m) Pensions

The Charity has no pension liabilities.

12

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2 Detailed comparatives for the statement of financial activities

Note
Income from:
Charitable activities
3
Investments
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure) for
the year
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
122,937
-
122,937
137,523
137,523
(14,586)
-
(14,586)
27,453
12,849		 2022
Total
£
122,937
-
122,937
137,523
137,523
(14,586)
-
(14,586)
27,453
12,849
Income from funders
Arts Council England
City of London
Other Grants
Income earned from charitable
activities
Fees
Total income from charitable
activities		 Unrestricted
£
48,453
-
39,286
13,769
101,508		 Restricted
£
20,000
7,350
-
43,226
70,576		 2023
Total
£
68,453
7,350
39,286
56,995
172,084		 2022
Total
£
76,870
10,000
3,816
32,251
122,937

13

LONDON ARTS IN HEALTH FORUM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4 Income from investments

Bank interest
5 Expenditure
Staff costs
Direct cost
Project expenses
Research and training costs
Events and meeting expenses
Consultancy
Support cost
Insurance
Telephone
PPS
Website Costs
Computer Expenses
Rent and rates
Subscription
Bank charges
Miscellaneous
Legal and professional
Independent examination
Support costs
Total expenditure 2023
Total expenditure 2022		 Unrestricted
Restricted
£
£
20
-
20
-
Charitable
activities
Support
costs
£
£
89,582
-
21,334
-
1,055
-
411
-
4,350
-
-
1,126
-
567
-
122
-
2,170
-
1,897
-
3,555
-
-
-
72
-
244
-
3,018
-
2,886
116,732
15,657
15,657
(15,657)
132,389
-
137,523
-		 2023
Total
£
20
20
2023
Total
£
89,582
21,334
1,055
411
4,350
1,126
567
122
2,170
1,897
3,555
-
72
244
3,018
2,886
132,389
-		 2022
Total
£
-
-
2022
Total
£
107,487
8,625
-
602
6,798
1,058
470
-
3,170
4,797
1,232
185
96
974
515
1,514
137,523
132,389 132,389
137,523 137,523

14

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5a Expenditure (prior year)
Staff costs
Direct cost
Project expenses
Events and meetings expenses
Research and training costs
Consultancy
Support cost
Insurance
Telephone
PPS
Website Costs
Computer Expenses
Rent and Rates
Bank charges
Miscellaneous
Subscription
Legal and professional
Independent examination
Support costs
Total expenditure 2022
Total expenditure 2021		 Charitable
activities
£
107,487
8,625
602
-
6,798
-
-
-
-
-
-
-
-
-
-
-
123,512
14,011		 Support
costs
£
-
-
-
-
-
1,058
470
-
3,170
4,797
1,232
96
974
185
515
1,514
14,011
(14,011)
-
-		 2022
Total
£
107,487
8,625
602
-
6,798
1,058
470
-
3,170
4,797
1,232
96
974
185
515
1,514
137,523
-
137,523
86,171		 2021
Total
£
52,368
24,966
-
120
-
865
174
265
4,404
272
-
69
32
-
1,393
1,483
86,171
137,523
86,171

6 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Other staff costs 2023
£
89,582
89,582		 2022
£
107,487
107,487

No employees earned more than £60,000 per annum.

The total employee benefits including pension contributions of the key management personnel during the year were £Nil (2022: £Nil).

15

LONDON ARTS IN HEALTH FORUM

(A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

Trustees' expenses represent the payment or reimbursement of travel and subsistence costs totalling £Nil (2022: £Nil).

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

2023 2022
No. No.
Charitable activities 6 6

7 Related party transactions

There are no related party transactions to disclose for 2023 (2022: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9 Debtors

Trade debtors
Creditors: amounts falling due within one year
Accruals
Analysis of net assets between funds
Net current assets
Net assets at the end of the year		 General
unrestricted
£
52,564
52,564		 2023
£
-
-
2023
£
2,200
2,200
Restricted
£
-
-		 2022
£
-
-
2022
£
1,354
1,354
Total
funds
£
52,564
52,564

10 Creditors: amounts falling due within one year

11 Analysis of net assets between funds

16

LONDON ARTS IN HEALTH FORUM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11a Analysis of net assets between funds (prior year)

Movements in funds
At the
start of
the
year
£
Unrestricted funds:
-
General funds
12,849
Total unrestricted funds
12,849
Restricted Funds
-
Total funds
12,849
Net current assets
Net assets at the end of the year		 Movements in funds
At the
start of
the
year
£
Unrestricted funds:
-
General funds
12,849
Total unrestricted funds
12,849
Restricted Funds
-
Total funds
12,849
Net current assets
Net assets at the end of the year		 Incoming
resources
& gains
Outgoing
resources
& losses
Transfers
At the
end of
the
year
£
£
£
£
-
-
-
-
101,528
(61,813)
-
52,564
101,528
(61,813)
-
52,564
70,576
(70,576)
-
-
General
unrestricted
Restricted
Total
funds
£
£
£
12,849
-
12,849
12,849
-
12,849		 Incoming
resources
& gains
Outgoing
resources
& losses
Transfers
At the
end of
the
year
£
£
£
£
-
-
-
-
101,528
(61,813)
-
52,564
101,528
(61,813)
-
52,564
70,576
(70,576)
-
-
General
unrestricted
Restricted
Total
funds
£
£
£
12,849
-
12,849
12,849
-
12,849		 Incoming
resources
& gains
Outgoing
resources
& losses
Transfers
At the
end of
the
year
£
£
£
£
-
-
-
-
101,528
(61,813)
-
52,564
101,528
(61,813)
-
52,564
70,576
(70,576)
-
-
General
unrestricted
Restricted
Total
funds
£
£
£
12,849
-
12,849
12,849
-
12,849		 Incoming
resources
& gains
Outgoing
resources
& losses
Transfers
At the
end of
the
year
£
£
£
£
-
-
-
-
101,528
(61,813)
-
52,564
101,528
(61,813)
-
52,564
70,576
(70,576)
-
-
General
unrestricted
Restricted
Total
funds
£
£
£
12,849
-
12,849
12,849
-
12,849
52,564
-
12,849 172,104 (132,389) - 52,564

12 Movements in funds

12a Movements in funds (prior year)

Unrestricted funds:
General funds
Total unrestricted funds
Total funds		 At the
start of
the year
£
27,435
27,435		 Incoming
resources
& gains
£
122,937
122,937		 Outgoing
resources
& losses
£
(137,523)
(137,523)		 Transfers
£
-
-		 At the
end of
the year
£
12,849
12,849
27,435 122,937 (137,523) - 12,849

13 Operating lease commitments

At the balance sheet date, the charity had no financial commitment under non-cancellable operating leases.

14 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

17