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|||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:||||||||
|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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charity Information|||||||||||||
|Art Against knives isa registered
charity. The principal address is I Alfred Place, London WCI E7EB.|||||||||||||
|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 2019j—(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.|||||||||||||
|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.|||||||||||||
|Valuntary
Income|||||||||||||
|Voluntary income includes donations
from individuals,
trusts snd companies,
unrestricted
grants and legacies.|||||||||||||
|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|||||||||||||
|Investment
Income|||||||||||||
|Investment
income is included gross orat the amounts
receivable
plus the attributabie
tax crediL|||||||||||||
|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.|||||||||||||
|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.|||||||||||||
|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.|||||||||||||
|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.|||||||||||||
|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|||||||||||||
|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.|||||||||||||
|VAT|||||||||||||
|Expenditure
Includes
VAI which cannot be fully recovered from HM Revenue and Customs.|||||||||||||
|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|
##
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