| Note | Note | Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | 20'fg | ||||
| 2 | 2 | 2 | |||||
| Income &Endowments | |||||||
| Donations &Legacies |
226,528 | 226,528 | 72,115 | ||||
| Training and projects |
460 | 423,180 | 423,640 | 534,686 | |||
| Total incoming resources | 226,988 | 423,180 | 650,168 | 606,801 | |||
| Expenditure on: |
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| Costs of raising tunds | 44,079 | 44,079 | 34,841 | ||||
| Training and projects |
185,283 | 276,763 | 462,046 | 433,269 | |||
| Total resources expended | 229,362 | 276,763 | 506,124 | 468,110 | |||
| Net Incomel(Expenditure) | for the year before | ||||||
| transfers | (2,374) | 146,418 | 144,043 | 138,691 | |||
| Transfers between funds |
(4,439) | 4,439 | |||||
| Net Income/(Expenditure) | for the year | (6,813) | 150,857 | 144,043 | 138,691 | ||
| Net movement in funds |
(6,813) | 150,857 | 'l44,043 | 138,691 | |||
| Balances brought forward |
at 1st January 2020 | 139,821 | 171,933 | 311,754 | 173,063 | ||
| Balances carried forward | at 31st December 2020 | 133,008 | 322,790 | 455,798 | 311,754 | ||
| Ag disclosures relate only |
to continuing | activities. | All gains | and losses in the year are | included above. |
| Accounting pogcles |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Charity Information | ||||||||||||
| Art Against knives isa registered charity. The principal address is I Alfred Place, London WCI E7EB. |
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| Basis ofpreparation | ||||||||||||
| The financial statements have been prepared in accordance with Accounting and Reporting by charities: Statement of |
Recommended | Practice | ||||||||||
| applicable to chariges preparing their accounts in accordance with the Financial Report Standard applicable in |
the UK | and | Repubhc | of | Ireland (FRS | |||||||
| 102-effscbvs I January 2019jā(Charities SORP FRS102j. | ||||||||||||
| Art against Knives meets the definition ofa public benefit entity under FRS 102.Assets and liabilities are initially |
recognised | at | historical | cost or | ||||||||
| transacyon value unless otherwise stated In the relevant accounting policy or note. |
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| Going Concern | ||||||||||||
| The Trustees consider that there are no material uncertainties about the charity's ability to continue asa going |
concern. | |||||||||||
| Grants | ||||||||||||
| Grants are recognised as income when the entitlement to the grant iscertain. Grants made towards the costs |
ofspecific activities | and | services are | |||||||||
| dassified as restricted income. Where services are not fully delivered in the period the restricted income was |
received, the balance | of | the | grant is | ||||||||
| held in resbicted funds. Grants towards the cost of acquiring assets sre classified as restricted income when |
received. A transfer | is | then made from | |||||||||
| restricted funda to unrestrtcted funds to reflect the purchase of capital items. Grants that provide coretunding |
or a general | contribution | to the charity | |||||||||
| are included in voluntary income. |
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| Valuntary Income |
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| Voluntary income includes donations from individuals, trusts snd companies, unrestricted grants and legacies. |
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| Donations | ||||||||||||
| Donations are recognised in the accounting period in which they are received, Donated goods, facilities orservices are recognised |
when the charity | |||||||||||
| has control over them, any conditions associated with the donated item have been met, the receipt of economic |
benefit from | the | use | by the | charily of | |||||||
| the item is probable and that economic benefit can be measured reliably. On receipt, donated services or facilities are |
recognised | on the basis ofthe | ||||||||||
| value otthe gift to the charity which is the amount the charity would have been willing to pay to obtain services |
or facilities ofequivalent | economic | ||||||||||
| benefit on the open markek a corresponding amount is fhen recognised in expenditure in the period ofreceipt |
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| Investment Income |
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| Investment income is included gross orat the amounts receivable plus the attributabie tax crediL |
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| Fees end sales | ||||||||||||
| Fees for lhe supply of services are recognised when earned. Inoome received in advance forservices to tm |
delivered | in the fogcwtng | year is treated | |||||||||
| as deferred income and included in creditors. |
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| Fund accauntlng | ||||||||||||
| Restricted funds are subject to restrictions imposed by the donor or by the specific terms ofthe charity appeal. |
These | are | accounted | for separately | ||||||||
| from unrestrioted funds. Details of restricted funds are shown at Note 14 Unrestricted funds are those which are not subject |
to restrictions. | Any | ||||||||||
| surpluses are avagable for use at the discretion ofthe trustees in furtherance ofthe objectives ot the charity. |
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| Expenditure | ||||||||||||
| Costs apportioned to activities include costs at staff time spent on each area of activity, costs directly incurred |
in order | to deliver | the | activity, and | ||||||||
| support costs apportioned according tothe ratio ofstaff time on the area of activity to total staff gme. |
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| Pension costs | ||||||||||||
| The charity operates a group personal pension scheme. The assets ofthe scheme are held separately from those ofthe charffy |
in | independently | ||||||||||
| administered funds. Payments in respect ofcurrent service contributions are charged in the accounts as they |
fall due | |||||||||||
| Fixed ssseta | ||||||||||||
| Tangible fixed assets costing more than 2500are capitalised and depreciated over their useful lives and shown |
in the | balance | sheet at cost less | |||||||||
| accumulated depreciation. Dspreoiation is provided at the following rate: Computers and ofher equipment -25% per annum. |
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| Cash and cash equivalents | ||||||||||||
| Cash at bank and cash in hand Indudss cash and short term highly liquid investments with a short maturily of |
three months | or | less | from the date of | ||||||||
| acquisition or opening ofthe deposit or similar account |
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| Financial Instruments | ||||||||||||
| The charity only has ftnancial assets and ffnancia liabilities ofa kind that qualify as basic financial instruments. |
Basic financial | instruments | ara Initially | |||||||||
| recognised st transaction value and subsequently measured al their settlement value. |
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| VAT | ||||||||||||
| Expenditure Includes VAI which cannot be fully recovered from HM Revenue and Customs. |
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| Lfsbigtles | ||||||||||||
| The accruals concept is applied. Liabilities are recognised as soon as a legal or constructive obligation arises. |
| Notes tothe Accounts | for the | year ended | year ended | 31December 2020 | 31December 2020 | 31December 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 Debtors | 2020 | 2019 | ||||||||||
| 2 | 2 | |||||||||||
| Trade debtom | 15,453 | |||||||||||
| Accrued income | 178,084 | 101,450 | ||||||||||
| Other debtors | 4,592 | 3,670 | ||||||||||
| 198,129 | 105,120 | |||||||||||
| Aft debtors are recoverabte | within | one | year. | |||||||||
| 11 Creditors - amounts | falling | due within | one year | 2020 | 2019 | |||||||
| 1rade creditors | 1,263 | 2,027 | ||||||||||
| Taxation and social | security | 1,166 | 7,195 | |||||||||
| Deferred income | ||||||||||||
| Accruals | 6459 | 2580 | ||||||||||
| 8,888 | 11,803 | |||||||||||
| 12 Fixed Asset Invsstmenls | 2020 | 2019 | ||||||||||
| 2 | ||||||||||||
| Investments | ||||||||||||
| Value at I January | 2020 | |||||||||||
| Additions | ||||||||||||
| Increase/(decrease) | in market value | |||||||||||
| Value at 31 December 2020 | ||||||||||||
| Art Against Knives |
has a | subsidiary | undertaking | called | Art Against | Knives | Trading | Ltd (registered | in | |||
| England and Wales | with company | no. | 07785806). |
| 13 | Tangible Fixed Asset | 2020 |
|---|---|---|
| Equipment | ||
| Cost | ||
| At I January 2020 | ||
| Additions | 2,008 | |
| At 31 December 2020 | 2,008 | |
| Depmcletlon | ||
| All January2020 | ||
| Charge for the year | 99 | |
| At3i December 2020 | ||
| Net book value | ||
| At I January 2020 | ||
| At 31 December 2020 | ~1909 |
| Analysis | of net charity assets between funds | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| tunds | funds | funds | |||
| 2020 | |||||
| 2 | f | f | |||
| Tangible | fixed assets | 1,910 | 1,910 | ||
| Current | assets | 138,724 | 324,053 | 462,776 | |
| Current | liabilities | (7,625) | (1,263) | (8,888) | |
| Total net | assets | 133,009 | 322,789 | 455,798 | |
| Unrestricted | Restricted | Total | |||
| furlds | fuhds | funds | |||
| 2019 | |||||
| 2 | |||||
| Tangible | fixed assets | 1 | 1 | ||
| Current | assets | 146,740 | 176,818 | 323,556 | |
| Current | liabigties | (6,921) | (4,881) | (11,802) | |
| 139,820 | 171,934 | 311,755 |