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Please keep a copy of this document for your records. CobDes OpenSpace is powered by IRIS OpenSpace. ``` REGISTERED COMPANY NUMBER: 07069641 (England and Wales) REGISTERED CHARITY NUMBER: 1137150 ``` ## **`Report of the Trustees and`** ## **`Unaudited Financial Statements`** ## **`for the Year Ended 30 November 2020`** ## **`for`** ## **`ANGELLITE`** ``` Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF ``` ``` ANGELLITE ``` ``` Contents of the Financial Statements for the Year Ended 30 November 2020 ``` ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 4`| |**`Independent Examiner's Report`**|`5 to 6`| |**`Statement of Financial Activities`**|`7`| |**`Balance Sheet`**|`8 to 9`| |**`Notes to the Financial Statements`**|`10 to 16`| |**`Detailed Statement of Financial Activities`**|`17`| ``` ANGELLITE ``` ``` Report of the Trustees for the Year Ended 30 November 2020 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present theirreportwiththefinancialstatementsofthecharityfortheyearended30November2020. The trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`Objectives and activities`** ## **`Objectives and aims`** ``` The objectives of the charity are:- ``` - `a. To promote the education in such ways to promote public good.` - `b. The relief of financial hardship.` - `c. The relief of sickness and the preservation of health.` - `d. The relief of financial need and suffering among victims of natural or other kinds of disaster.` - `e. The promotion of sustainable development means of development which meets the needs of the present without compromising the ability of future generations to meet their own needs.` ## **`Achievement and performance`** ## **`Charitable activities`** ``` Intheyear2019/20thecharitycontinuedtopursueourpublichealthprogramswithinour communities. Weexpandedouroutreacheswiththedigitalskillacquisitionprojectdesignedtohelp unemployable youthstogainpracticalworkplaceskillsandbecomeemployable.Infurtherancetothesuccessso far attained,wecontinuedtoengageouractivitiesonfundraisingandseekingdonationstowardsour wider charitableobjectsineducation,womenandchildren'shealth,internationaldevelopment,emergency and disaster reliefs, and continuous research activities. ``` ``` As notedabove,our group'spublic healthprojectsand the digitalskill acquisitionsprojectshave reinforced ourvisionsandconvictionsthatourcharitycancomeupwithprogramsinpartnershipwith benefiting communitiesandotherstakeholders,in addressingidentifiedissues,aswellasensuringsustainability. We wanttorecognisethattheknowledgeandskillsbroughtonboardbythenumerousvolunteers were instrumental to the successful completion of our activities. ``` ``` Page 1 ``` ``` Report of the Trustees for the Year Ended 30 November 2020 ``` ## **`ANGELLITE`** ## **`Achievement and performance IMPACT OF COVID-19`** ``` LockdownsandsocialdistancingregulationshavemadelifeharderforallcharitiesandAngelliteisnot an exception.Thesecondlockdownequallingcompoundingmanyoftheissuesdescribedabove.Our charity found it difficultto continue,at least during the extremecovid-compliantmeasures.We like other charities wereunabletogenerateenoughfundstoimplementourinterventionsandhencesought alternative measures to survive. ``` ``` SinceMarch2020,nearlyallcharitieshavehadtoadapttheirdeliverymodel.Formost,thishas meant movingsomeaspectsoftheirworkonlineandworkingremotelytocomplywithsocial distancing regulations.Somecharities,servicesandcommunitiesarebettersuitedtoaremotedeliverymodel than others.Angellitehasadaptedadmirably,butthedigitalplatformisnotareplacementfor face-to-face deliveryasithasitsdrawbacks,notleastthatmanyofthepeoplethatcharitiesworkwithare digitally excluded in some way. ``` ``` Further,ourcharitycontinuedtomaintainsignificantlyreducedoverheadsbyengagingthe generous supportsfromour volunteers.Angelliteremainscommittedto efficientlytargetinggrantsso that they have a maximumeffect.However,noneof whatis achievedyearin and yearoutwouldbe possiblewithout the incredible support from our wonderful donors, wellwishers and trustees. ``` ``` Ontheinternationalstage,ourcharityreceivedgrantstocontinueitseducationandhealthprojects in Africa.Thehealthprojectscontinuedtofocusonaddressingprevalentratesofinfantmortality and improvingthematernalhealthof pregnantand nursingmothers.Theeducationprojecton theother hand continuestoencouragetherecruitsandretentionsofschool-agechildrenespeciallygirlsinto primary schools and continue to encourage the children to ensure they attain basic primary education. ``` ``` The charityplans wouldplay majorrolesin the PublicHealthChallengesin the UK especiallyas it relates to theBAMEpopulations.Wewillcontinuetosourcegrantsandfundingtoimplementinterventions and strategiesaddressingyouthunemploymentandhomelessness.Thecharitywouldaswellseekfunding for the implementationof our internationaloutreachprogramson education,womenhealth,infant mortality, and disaster reliefs and continue to partner with leading NGOs in relevant collaborative fields. ``` ``` Ourcharityismoredeterminedtoraisemore,domoretohelpmorecommunities.Wehopetobuck the trends and continue the great works in our communities and internationally. ``` ``` ThetrusteesconfirmthattheyhaveareferraltotheCharityCommission'sguidanceonthepublic benefit when reviewing Charity's aims and objectives in planning future activities and policies. ``` ## **`Financial review`** ## **`Funds in deficit`** ``` At30November2020thecharitydidnothaveanyunrestrictedcorereserves.Thefundhasfallen from £7,265in2019toadeficitof£8,111in2020.Asatthebalancesheetdateprospectivefunders had guaranteedtoprovidefuturefundingtocoverprojectcostsundertakenduringtheyearthathad resulted in reservesfallingintodeficit.AtthedateofsigningtheReportoftheTrustees,thecharityhasreceived a grant of £15,000 which has now brought core reserves into a positive and satisfactory position. ``` ``` Page 2 ``` ``` ANGELLITE ``` ``` Report of the Trustees for the Year Ended 30 November 2020 ``` ## **`Structure, governance and management`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,TheMemorandumandArticlesofAssociation dated 6thNovember2009,as amendedby resolutiondated30thJune2010,andconstitutesa limited company, limited by guarantee, as defined by the Companies Acts 2006. ``` ## **`Organisational structure`** ``` Thecharity'sactivitiesareoverseenbythetrusteeswhomeetregularlytodiscussthe activities, programmesandbudgetsofthecharity.Thecharity'sdailyoperationsareconductedbya volunteered programmes officer, Mr P Anyaoma, who reports to the trustees on a daily basis. ``` ## **`Reference and administrative details Registered Company number`** ``` 07069641 (England and Wales) ``` ## **`Registered Charity number`** ``` 1137150 ``` ## **`Registered office`** ``` Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF ``` ## **`Trustees`** ``` Mr O C H Ugorji Trustee (appointed 24.12.20) Miss N N Nwachukwu Trustee Mr K U Peters Trustee Mr J Poke Trustee ``` ## **`Independent Examiner`** ``` T M Cobley FCCA Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF ``` ``` Page 3 ``` ``` ANGELLITE ``` ``` Report of the Trustees for the Year Ended 30 November 2020 ``` ``` ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act 2006 relating to small companies. ``` ``` Approved by order of the board of trustees on 15 November 2021 and signed on its behalf by: ``` ``` Miss N N Nwachukwu - Trustee ``` ``` Page 4 ``` ``` Independent Examiner's Report to the Trustees of Angellite ``` ## **`Independent examiner's report to the trustees of Angellite ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 30 November 2020. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsiblefor the preparationof the accountsin accordancewith the requirementsof the Companies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobe auditedunderPart16 of the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying outmyexaminationI havefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5) (b) of the 2011 Act. ``` ``` Page 5 ``` ``` Independent Examiner's Report to the Trustees of Angellite ``` ## **`Independent examiner's statement`** ``` I have completedmy examination.I confirmthat no mattershave come to my attentionin 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)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` T M Cobley FCCA Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF ``` ``` 15 November 2021 ``` ``` Page 6 ``` ## **`ANGELLITE`** ## **`Statement of Financial Activities`** ## **`(Incorporating an Income and Expenditure Account) for the Year Ended 30 November 2020`** |`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`16,708`
**`EXPENDITURE ON`**
**`Charitable activities`**
`International aid & development`
`31,240`
`Other`
`844`
**`Total`**
`32,084`
**`NET INCOME/(EXPENDITURE)`**
`(15,376)`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`7,265`
**`TOTAL FUNDS CARRIED FORWARD`**
`(8,111)`|`Restricted`
`funds`
`£`
`75,833`
`75,833`
`-`
`75,833`
`-`
`-`
`-`|`2020`
`Total`
`funds`
`£`
`92,541`
`107,073`
`844`
`107,917`
`(15,376)`
`7,265`
`(8,111)`|`2019`
`Total`
`funds`
`£`
`127,651`
`128,280`
`780`
`129,060`
`(1,409)`
`8,674`
`7,265`| |---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 7 ``` ## **`ANGELLITE`** ## **`Balance Sheet 30 November 2020`** |`Unrestricted`
`Restricted`
`fund`
`funds`
`Notes`
`£`
`£`
**`CURRENT ASSETS`**
`Cash at bank`
`26,642`
`-`
**`CREDITORS`**
`Amounts falling due within one year`
`6`
`(2,949)`
`-`
**`NET CURRENT ASSETS`**
`23,693`
`-`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`23,693`
`-`
**`CREDITORS`**
`Amounts falling due after more than one`
`year`
`7`
`(31,804)`
`-`
**`NET ASSETS`**
`(8,111)`
`-`
**`FUNDS`**
`9`
`Unrestricted funds`
**`TOTAL FUNDS`**|`2020`
`Total`
`funds`
`£`
`26,642`
`(2,949)`
`23,693`
`23,693`
`(31,804)`
`(8,111)`
`(8,111)`
`(8,111)`|`2019`
`Total`
`funds`
`£`
`8,045`
`(780)`
`7,265`
`7,265`
`-`
`7,265`
`7,265`
`7,265`| |---|---|---| ``` The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006 for the year ended 30 November 2020. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` ANGELLITE ``` ``` Balance Sheet - continued 30 November 2020 ``` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 15 November 2021 and were signed on its behalf by: ``` ``` Miss N N Nwachukwu - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 9 ``` ``` ANGELLITE ``` ``` Notes to the Financial Statements for the Year Ended 30 November 2020 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102, havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS 102)(effective1 January2019)',FinancialReportingStandard102'The FinancialReporting Standard applicablein theUK andRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have been allocated to activities on a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its estimated useful life. ``` ``` Computer equipment- 33% on cost ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the trustees. ``` ``` Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity. Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial statements. ``` ``` Page 10 ``` ``` ANGELLITE ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 November 2020 ``` ## **`1. ACCOUNTING POLICIES - continued`** ## **`Going concern`** ``` The currenteconomicconditionspresentincreasedrisksfor all businessesand charities.In response tosuchconditions,thedirectorshavecarefullyconsideredtheserisks,includinganassessment of uncertaintyonfuturecashflowprojectionsfora periodofatleasttwelvemonthsfromthedate of signingthefinancialstatements,andtheextenttowhichtheymightaffectthepreparationof the financial statements on a going concern basis. ``` ``` Basedonthisassessment,thedirectorsconsiderthattheCharitymaintainsanappropriatelevel of liquidity,sufficienttomeetthedemandsoftheCharityincludinganycapitaland servicing obligations of external liabilities. ``` ``` Inaddition,theCharity'sassetsareassessedforrecoverabilityonaregularbasis,andthe directors considerthat the Companyis not exposedto lossesof these assetswhich would affecttheir decision to adopt the going concern basis. ``` ``` ThedirectorsarethereforesatisfiedandhaveareasonableexpectationthattheCharity has adequateresourcestocontinueinoperationalexistencefortheforeseeablefutureandthat there are no materialuncertaintiesthat lead to significantdoubt upon the Charity'sabilityto continueas a goingconcern.Furtherdetailis providedin theFundsin deficitnotein theFinancialReview section oftheReportoftheTrustees.Thesefinancialstatementshavethereforebeenpreparedona going concern basis. ``` ## **`2. DONATIONS AND LEGACIES`** |**`DONATIONS AND LEGACIES`**||| |---|---|---| |`Grants`
`Donations`|`2020`
`£`
`90,833`
`1,708`
`92,541`|`2019`
`£`
`126,392`
`1,259`| |||`127,651`| ## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended30November2020 nor for the year ended 30 November 2019. ``` ``` Page 11 ``` ``` ANGELLITE ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 November 2020 ``` ## **`3. TRUSTEES' REMUNERATION AND BENEFITS - continued`** ## **`Trustees' expenses`** ``` No expenses were reimbursed to trustees during the year (2019: £Nil). ``` |**`4.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`1,259`
**`EXPENDITURE ON`**
**`Charitable activities`**
`International aid & development`
`1,888`
`Other`
`780`
**`Total`**
`2,668`
**`NET INCOME/(EXPENDITURE)`**
`(1,409)`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`8,674`
**`TOTAL FUNDS CARRIED FORWARD`**
`7,265`|`Restricted`
`funds`
`£`
`126,392`
`126,392`
`-`
`126,392`
`-`
`-`
`-`|`Total`
`funds`
`£`
`127,651`
`128,280`
`780`
`129,060`
`(1,409)`
`8,674`
`7,265`| |---|---|---| ``` Page 12 ``` ## **`ANGELLITE`** ## **`Notes to the Financial Statements - continued for the Year Ended 30 November 2020`** ## **`5. TANGIBLE FIXED ASSETS`** |**`Cost`**
`At 1 December 2019 and`
`30 November 2020`
**`Depreciation`**
`At 1 December 2019 and`
`30 November 2020`
**`Net book value`**
`At 30 November 2020`
`At 30 November 2019`
**`6.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Bank loans and overdrafts (see note 8)`
`Accrued expenses`
**`7.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Bank loans (see note 8)`
**`8.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Bank loans`
`Amounts falling between one and two years:`
`Bank loans - 1-2 years`
`Amounts falling due between two and five years:`
`Bank loans - 2-5 years`|`Computer`
`equipment`
`£`
`5,235`
`5,235`
`-`
`-`
`2020`
`2019`
`£`
`£`
`2,133`
`-`
`816`
`780`
`2,949`
`780`
`2020`
`2019`
`£`
`£`
`31,804`
`-`
`2020`
`2019`
`£`
`£`
`2,133`
`-`
`6,507`
`-`
`20,524`
`-`| |---|---| ``` Page 13 ``` ## **`ANGELLITE`** ## **`Notes to the Financial Statements - continued for the Year Ended 30 November 2020`** |**`8.`**
**`LOANS - continued`**
`Amounts falling due in more than five years:`
`Repayable by instalments:`
`Bank loans more 5 yr by instal`
**`9.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`

**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`McArthur Foundation`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`8.`**
**`LOANS - continued`**
`Amounts falling due in more than five years:`
`Repayable by instalments:`
`Bank loans more 5 yr by instal`
**`9.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`

**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`McArthur Foundation`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At`
`1/12/19`
`£`
`7,265`
`7,265`
`Incoming`
`resources`
`£`
`16,708`
`75,833`
`92,541`
`At`
`1/12/18`
`£`
`8,674`
`8,674`|`2020`
`2019`
`£`
`£`
`4,773`
`-`
`Net`
`movement`
`At`
`in funds`
`30/11/20`
`£`
`£`
`(15,376)`
`(8,111)`
`(15,376)`
`(8,111)`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(32,084)`
`(15,376)`
`(75,833)`
`-`
`(107,917)`
`(15,376)`
`Net`
`movement`
`At`
`in funds`
`30/11/19`
`£`
`£`
`(1,409)`
`7,265`
`(1,409)`
`7,265`| |---|---|---|---| ||||| ||||| ``` Page 14 ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 November 2020 ``` ## **`ANGELLITE`** ## **`9. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`McArthur Foundation`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`1,259`
`126,392`
`127,651`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(2,668)`
`(1,409)`
`(126,392)`
`-`
`(129,060)`
`(1,409)`| |---|---|---| ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`At`
`movement`
`At`
`1/12/18`
`in funds`
`30/11/20`
`£`
`£`
`£`
`8,674`
`(16,785)`
`(8,111)`
`8,674`
`(16,785)`
`(8,111)`| |---|---| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`McArthur Foundation`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`17,967`
`202,225`
`220,192`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(34,752)`
`(16,785)`
`(202,225)`
`-`
`(236,977)`
`(16,785)`| |---|---|---| ``` Page 15 ``` ``` ANGELLITE ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 November 2020 ``` ## **`9. MOVEMENT IN FUNDS - continued`** ``` TheMcArthurFoundationgrantisagranttofundprojectsinNigeriaruninpartnership with GabasawaWomenand ChildrenInitiativetosupportmarginalisedand deprivedvictimsof wars and displaced people. ``` ## **`10. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 30 November 2020. ``` ``` Page 16 ``` ## **`ANGELLITE`** ## **`Detailed Statement of Financial Activities for the Year Ended 30 November 2020`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Grants`
`Donations`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Bank charges`
`Project costs`
**`Support costs`**
**`Governance costs`**
`Accountancy fees`
`Total resources expended`
**`Net expenditure`**|`2020`
`£`
`90,833`
`1,708`
`92,541`
`92,541`
`-`
`107,073`
`107,073`
`844`
`107,917`
`(15,376)`|`2019`
`£`
`126,392`
`1,259`
`127,651`
`127,651`
`18`
`128,262`
`128,280`
`780`
`129,060`
`(1,409)`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 17 ```