**Draft Financial Statements at 13 April 2022 at 11:28:37**
**Charity Registration No. 1136086**
**Company Registration No. 07184854 (England and Wales)**
## **ZAMCOG**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **CONTENTS**
**----- Start of picture text -----**
Page
The Trustee's Report report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8 - 9
Notes to the financial statements 10 - 15
**----- End of picture text -----**
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Ms T Farquhar-Beck Mr L Healy H Rana J A Uggla **Charity number** 1136086 **Company number** 07184854 **Registered office** 20 Jasmine Way Locking Castle Weston-Super-Mare Somerset BS24 7JW **Independent examiner** Grunberg & Co Limited 5 Technology Park Colindeep Lane Colindale London United Kingdom NW9 6BX
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **THE TRUSTEE'S REPORT REPORT (INCLUDING DIRECTOR'S REPORT)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The Trustees present their annual report and financial statements for the Year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity 's governing document] , the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ).
## **Objectives and activities**
1, The prevention and relief of poverty in Zambia.
2. The advancement of education for persons under twenty five years of age in Zambia, in particular, but without limitation, by the provision of educational facilities, training and other activities.
ZAMCOG's objectives are set in accord with our charitable objects. Each year the trustees evaluate our objectives and activities to ensure that they reflect our charitable object. In setting the charity's objectives and planning its activities the trustees have complied with the duty in section 4 of the Charities Act 20 11 to have due regard for the Charity Commission's general guidance for the public benefit.
As part of the charity's objectives, the main activity has been to raise funds for the Lubuto Child Care Centre (LCCC) which has the same aims and objectives as ourselves.
During the year the core programs have been funding children at primary and secondary schools, to provide shelter and living space for those most in need, to give food for those not in our homes , to support some students in their gap year with accommodation and provide sponsored funds for those in tertiary education .
- 1 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **THE TRUSTEE'S REPORT REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **Achievements and performance**
Income received in the year was £2 29 , 726 (£2 39,516 in 2020) being £17 2 , 472 for Unrestricted Funds and £57,254 for Restricted Funds (£143 ,224 and £96,292 respectively in 2020).
The trustees are very grateful to all donors, both individual and organizational, without whom ZAMCOG's continued support of orphaned and vulnerable children in Kabwe, Zambia would not be possible. We wish to thank the Leif Wåhlin Foundation. from Sweden for their very generous support in the year and Jefferies for a significant contribution.
In 2021, a total of £ 221 , 492 (£199, 180 in 2020) was disbursed in support of Lubuto Child Care Centre and corporate governance costs utilizing in total £1 19,335 of Unrestricted Funds and £102,157 of Restricted Funds.
Our work in the Kabwe area continued successfully in 2021 although like the rest of the world the C ovid 19 pandemic had some restrictions.
Education – pupils financially supported at schools significantly rose from 301 to 391; Being made up of 211 in primary and 180 in secondary schools. The academic school year faced significant Covid related challenges during the year; particularly with schools closing between mid-June and mid-August, which resulted in elongated terms in the remainder of the school cycle.
Care homes – 32 students in care homes during the year. Graduates previously sponsored through Zamcog assisted in providing education to those in the homes through-out the year.
115 families are supported through the food program with support coming in two guises; BAU operational activity and an generous donation from The Souter Charitable Trust. The demand for the program remains high.
An additional Transition House has been constructed for children in-between secondary education and tertiary education. Those students in the houses were permitted to provide Saturday schooling to local children in the Makalulu area.
In the Further Education and Training programs there were 24 new starts taking the number in the programs to 62. We are extremely grateful for all our sponsors in these two program s
Zamcog Trustees did not visit Zambia in 2021 to review the work being carried out by our associate NGO Lubuto Child Care Centre due to the ongoing Covid situation.
Our major donations in the year w ere from the Leif Wahlen Foundation who provided the majority of our operational in Kabwe.
Similarly pandemic restrictions limited our fundraising program for live events but our fundraising team was successful in being awarded grants from The Souter Charitable Trust, IHS Markit and and St Columbas School. Donations were also received from our regular donors and Mr & Mrs Armins Rusis. We thank all our donors for their kindness and generosity.
- 2 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **THE TRUSTEE'S REPORT REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **Financial review**
In the financial year 1 January 2021 to 31 December 2021, the charity received income of £2 29 , 726 (2020: £2 39,516 ) . The total expenditure was £22 1 , 492 (2020: £199, 180 ). For the year ended 31 December 2021 the charity had received net income on Unrestricted Funds of £5 3,137 (2020: £31,594) , which increase the carried forward sum to £116,2 19 (2020: £63, 082 ) , to contribute to next year's operating expenditure and maintaining a Reserve .
Restricted Funds are £5 3,872 at 31 December 2021 (2020: £98,7 75 ) and Zamcog will be utilising for the restricted purposes for which they were given.
## **Reserve policy**
The trustees' policy in regard to reserves is to hold specific reserves to meet obligations imposed by donors and general reserves equivalent to six months' operational expenses to support and fund the Lubuto Child Care Centre. This policy has been reviewed in light of our agreement for funding from the Leif Wåhlin Foundatio n.
## **Plans for future periods**
Following discussions with Lubuto Child Care Centre and as supported by our Trustees and the Leif Wahlen foundation our financial assistance is to maintain 400 children in Secondary and Primary education.
Our care homes will provide 32 students shelter and support; whilst also providing support to 16 students in transition (from secondary to tertiary).
In the food program a total of 115 families including children will benefit from the monthly food package provided to them.
Through the generosity of IHSMarkit, Uggla Family Foundation and other sponsors, a total of 66 students will be in the tertiary education program or training in 2022.
Our fundraising team continues to make applications for costs of an early learning centre, an in-house training centre and for the operational costs.
## **Structure, governance and management**
## **Governing document**
Th is charitable company is controlled by its articles of association and constitutes a private limited company, limited by guarantee, as defined by the Companies Act 2006.
The Trustees, who are also the directors for the purpose of company law, and who served during the Year and up to the date of signature of the financial statements were:
Ms T Farquhar-Beck Mr L Healy C D Kaberry (Retired 31 December 2021) H Rana J A Uggla C Westholm-Schroder (Retired 31 December 2021)
New trustees are appointed by the company's members assembled in the Annual General Meeting. Co- Co- opted trustees may also be appointed by serving trustees for a term of office ending at the next A.G. M.
Information is cascaded to a full trusteeship body in its regular meetings by the Company Secretary.
- 3 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **THE TRUSTEE'S REPORT REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **Risk management.**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have in place a risk register, which is reviewed at most Board of Trustees' meetings. The principal risks relate to the need always to maintain effective financial management of the charity's assets and resources for its charitable purposes. To this end, the charity ensures at least one, appropriately qualified trustee, who fulfils on a voluntary basis the role of Treasurer.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07184854 (England and Wales)
## **Registered Charity number**
1136086
## **Bankers**
HSBC 31 Cheque St St Albans, Hertfordshire AL1 3YN
## **Registered office**
20 Jasmine Way Locking Castle Weston-Super-Mare Somerset BS24 7JW
## **Company Secretary**
Ms T Farquhar-Beck
## **Independent Examiner**
Grunberg & Co Limited Chartered Accountants 5 Technology Park Colindeep Lane Colindale London NW9 6BX
- 4 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **THE TRUSTEE'S REPORT REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The trustees (who are also the directors of Zamcog for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which gave a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part
The The trustee's report r eport was approved by the Board of Trustees.
J A Uggla
11 April 2022
- 5 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF ZAMCOG**
## **Independent examiner's report to the trustees of Zamcog ('the Company')**
I report to the Trustees on my examination of the financial statements of Zamcog for the Year ended 31 December 2021.
## **Responsibilities and basis of report**
As the Trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 .
Having satisfied myself that the financial statements of the 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 the ’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner'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 that in any material respect:
- 1 accounting records were not kept in respect of the as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements 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 financial statements to be reached.
## **Robert Bean BA ACA ICAEW Grunberg & Co Limited Chartered Accountants**
5 Technology Park Colindeep Lane Colindale London NW9 6BX
Dated: .........................
- 6 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
172,469
57,254
Charitable activities
Investments
**3**
3
-
**Total income**
172,472
57,254
**Expenditure on:**
Raising funds
**4**
2,160
-
Charitable activities
Education, homes and
feeding programmes
**5**
117,175
102,157
**Total charitable expenditure**
117,175
102,157
**Total resources expended**
119,335
102,157
**Net income/(expenditure) for**
**the Year/**
**Net movement in funds**
53,137
(44,903)
Fund balances at 1 January 2021
63,082
98,775
**Fund balances at 31 December**
**2021**
116,219
53,872|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2020**
**2020**
**£**
**£**
**£**
229,723
143,222
96,292
3
2
-
229,726
143,224
96,292
2,160
966
-
219,332
110,664
87,550
219,332
110,664
87,550
221,492
111,630
87,550
8,234
31,594
8,742
161,857
31,488
90,033
170,091
63,082
98,775|**Total**
**2020**
**£**
239,514
2|
|---|---|---|
|||239,516|
|||966|
|||198,214|
|||198,214|
|||199,180|
|||40,336
121,521|
|||161,857|
The statement of financial activities includes all gains and losses recognised in the Year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 7 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2021**_
|**Notes**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
Other creditors
**11**
Net current assets
**Income funds**
Restricted funds
Unrestricted funds|**2021**
**£**
1,266
171,875
173,141
3,050|**£**
170,091
53,872
116,219
170,091|**2020**
**£**
5,625
159,232
164,857
3,000|**£**
161,857|
|---|---|---|---|---|
|||||98,775
63,082|
|||||161,857|
||||||
- 8 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **BALANCE SHEET (CONTINUED)**
## _**AS AT 31 DECEMBER 2021**_
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the Year ended 31 December 2021.
The director acknowledges his responsibilities for :
a) complying with the requirements of the Companies Act 2006 , Sections 386 and 387, with respect to accounting records and the preparation of financial statements .
b) preparing financial statements which give a true and fair view of the state of the affairs of the charitable company at the end of each financial year. And of its surplus or deficit for each financial year, in accordance the the requirements of Sections 394 and 395 of the Companies Act 2006, relating to financial statements, so far as applicable to the charitable company.
The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 11 April 2022 and were signed on its behalf by:
H Rana J A Uggla **Trustee Trustee**
**Company Registration No. 07184854**
- 9 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **1.1 Basis of preparing the financial statement**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
There are no material uncertainties regarding the going concern of the charity .
## **1.2 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose and use of the restricted funds are set out in the notes to the financial statements.
## **1.3 Income**
Income is recognised when the charity is legally entitled to it , after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant are recognised at the time of the donation.
## **1.4 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 are allocated on the portion of the asset’s use.
## **1.5 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 10 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
## **1.6 Foreign exchange**
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Exchange differences are taken into account in arriving at the operating result.
## **2 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**£**
**£**
Donations and gifts
167,580
57,254
Other gains or losses
4,889
-
172,469
57,254|**Total**Unrestricted
Restricted
funds
funds
**2021**
2020
2020
**£**
£
£
224,834
124,536
96,292
4,889
18,686
-
229,723
143,222
96,292|Total
2020
£
220,828
18,686|
|---|---|---|
|||239,514|
- 11 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**3**
**4**|**Investments**
**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Interest receivable
3
2
**Raising funds**
**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Fundraising and publicity
Other fundraising costs
2,160
966
2,160
966|**Investments**
**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Interest receivable
3
2
**Raising funds**
**Unrestricted**Unrestricted
**funds**
funds
**2021**
2020
**£**
£
Fundraising and publicity
Other fundraising costs
2,160
966
2,160
966|
|---|---|---|
|||966|
||||
- 12 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **5 Charitable activities**
||**Education,**|**Education,**|
|---|---|---|
||**homes and**|**homes and**|
||**feeding**|**feeding**|
||**programmes**|**programmes**|
||**2021**|**2020**|
||**£**|**£**|
|Computer comsumables|(2)|
-|
|Grant funding of activities (see note 6)|219,664|187,194|
|Share of support costs (see note 7)|(3,427)|
8,035|
|Share of governance costs (see note 7)|3,097|2,985|
||219,332|198,214|
|**Analysis by fund**|||
|Unrestricted funds|117,175|110,664|
|Restricted funds|102,157|87,550|
||219,332|198,214|
**6 Grants payable**
||**Education,**|Education,|
|---|---|---|
||**homes and**|homes and|
||**feeding**|feeding|
||**programmes**|programmes|
||**2021**|2020|
||**£**|£|
|Grants to institutions:|||
|Other|219,664|187,194|
-
- 13 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **7 Support costs**
|**Support costs**|||
|---|---|---|
|**Support costs**
**Governance**
**costs**
**£**
**£**
Exchange (gains)/losses
(4,436)
-
Insurance
305
-
Bank charges
506
-
Computer comsumables
198
-
Independent examination
-
3,097
(3,427)
3,097
Analysed between
Charitable activities
(3,427)
3,097|**2021**Support costs
Governance
costs
**£**
£
£
(4,436)
6,011
-
305
1,600
-
506
424
-
198
-
-
3,097
-
2,985
(330)
8,035
2,985
(330)
8,035
2,985|2020
£
6,011
1,600
424
-
2,985|
|||11,020|
|||11,020|
Governance costs includes payments to the independent examiner of £ 3,097 (2020- £ 2,985 ) for audit fees.
## **8 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits during the Year , nor for the year ended 31 December 2020.
## **9 Employees**
||**2021**|**2020**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees in the entity during the year under review, nor for the earlier year.
There were no employees whose annual remuneration was more than £60,000.
## **10 Debtors**
||**2021**|**2020**|
|---|---|---|
|**Amounts falling due within one year:**|**£**|**£**|
|Other debtors|1,266|5,625|
During the year no impairments have been made against any class of debtor.
- 14 -
**Draft Financial Statements at 13 April 2022 at 11:28:37 ZAMCOG**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **11 Other creditors falling due within one year**
|Accruals and deferred income
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 31
December 2021 are
represented by:
Current assets/(liabilities)
116,219
53,872
116,219
53,872|**Total**Unrestricted
funds
**2021**
2020
**£**
£
170,091
63,082
170,091
63,082|**2021**
**£**
3,050
Restricted
funds
2020
£
98,775
98,775|**2020**
**£**
3,000|
|---|---|---|---|
||||Total
2020
£
161,857|
||||161,857|
## **12 Analysis of net assets between funds**
## **13 Related party transactions**
There were no related party transactions for the year under review (2020 - none) .
## **14 Limited Liability**
The company is limited by guarantee, every member promises that if the Charity is dissolved while he or she remains a member, or within twelve months afterwards to contribute up to £1 towards the cost of dissolution of the liabilities incurred by the Charity.
## **15 Financial Assets & Liabilities**
**2021 2020 £ £** Financial assets 173,141 164,880 Financial liabilities 3,050 3,000
- 15 -