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2021-03-31-accounts

Company No: 07578987 Registered Charity No. 1143459

CREATIVE FUTURES (UK) LIMITED

A COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Transformational experiences through the arts

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
INDEX Page
Company information 1
Report of the directors 2 -9
Independent examiner’s report 10
Statement of financial activities 11
Balance sheet 12
Accounting policies 13
Notes to the financial statements 14-18

- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT & ACCOUNTS, 2021

COMPANY NUMBER : 07578987 CHARITY NUMBER : 1143459 DIRECTORS/TRUSTEES : Marcia Bennie Matthew Brookes – Finance Director (appointed 14 January 2021) Sara Burigo Maxwell Golden Paul Hayday Colin Huntington – Finance Director (resigned 8 March 2021) Matthew Potger (resigned 6 October 2020) Karen Price – Chair Seth Williams REGISTERED OFFICE : Office 9a, The Beethoven Centre Third Avenue London W10 4JL CHARITY ADDRESS : Office 9a, The Beethoven Centre Third Avenue London W10 4JL

1

- CREATIVE FUTURES (UK) LIMITED (A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT & ACCOUNTS, 2021

The directors present their report and the financial statements for the year ended 31 March 2021.

MISSION STATEMENT

Creative Futures offers transformative experiences through the arts to children and young people, especially those from disadvantaged backgrounds.

OBJECTIVES OF THE CHARITY

LEGAL STATUS & TAX STATUS

The charitable company is a private Company Limited by Guarantee governed by its Memorandum and Articles of Association. As a Registered Charity in the UK it is exempt from UK Corporation Tax as all income is applied for charitable purposes.

ORGANISATIONAL STRUCTURE

The Trustees act as Directors for the purposes of company law and as trustees for the purposes of charity law. New Trustees are appointed by the Directors.

MANAGEMENT STRUCTURE

The company was managed during the year by 4 employees and some freelancers:

Tasks undertaken by the management team include devising and planning new projects, fundraising, building partnerships with other charitable and educational organisations, managing and overseeing the delivery and monitoring of all projects including assessing

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ANNUAL REPORT & ACCOUNTS, 2021

their impact, budgeting and financial management, and organisational development. Trustees are updated regularly.

Creative Futures’ programmes are delivered by experienced, DBS-checked artisteducators who are engaged on a freelance project-by-project basis.

AMBASSADORS

Creative Futures has three high profile Ambassadors who have honorary role with the company: actor Riz Ahmed, novelist Joanne Harris MBE, and theatre director Matthew Xia.

RESERVES POLICY

The Board of Trustees aims to build and maintain an unrestricted reserve equivalent to 6 months of core costs, to ensure that the charitable aims and administrative costs of the charity can be met on an ongoing basis. Despite the challenges of 2020-21, the target level of reserves continues to be met.

DESIGNATED FUND

The Board of Trustees has created a Designated Fund from unrestricted reserves to provide seed funding for new ideas, new projects or pilot projects, especially acting as matched funding in cases where other funds have also been raised. Proposals for use of these funds are made to the Trustees by the Management Team at quarterly Board Meetings. Designated Funds in 2020-21 included the commissioning of 5 artists to conduct small-scale research initiatives of their own devising, called ‘Seeds Creative’.

PUBLIC BENEFIT STATEMENT

The charity trustees have complied with their duty to have due regard to the guidance published by the Charity Commission including that on public benefit in exercising their powers or duties.

RISKS POLICY

The Board of Trustees has a Risks Register which acknowledges potential risks, and outlines the Company's action to limit any contingent liabilities in order to minimize these risks.

REVIEW OF ACTVITIES AND ACHIEVEMENTS

2020-21 has been a challenging year for the education, arts, and charity sectors due to the UK government’s coronavirus lockdown measures which have severely impacted the way in which we work, as well as our income from both contracts and grants.

Despite the challenges, and reduced income, Creative Futures maintained all its core programmes, albeit delivered online rather than in person for much of the year; started a number of new contracts; and developed several new projects.

The continuation of strong strategic partnerships such as with Paddington Development Trust, West London Zone and the Tri-Borough Music Hub has helped Creative Futures continue to deliver high quality projects with more than a thousand children, families and young people as well as growing its online audience.

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ANNUAL REPORT & ACCOUNTS, 2021

Our focus areas remain Early Years, Looked After Children and Special Educational Needs, and we have delivered programmes across all three of these areas. The majority of programmes, funding and participants are in the Early Years thus further strengthening Creative Futures’ reputation as a leader in the field of Early Years arts provision.

Highlights of 2020-21

EARLY YEARS PROJECTS

Creative Futures is an established sector leader in Early Years music and arts delivery. Our carefully structured programmes, often with a research element, provide inspiring and developmentally beneficial music, movement, story-telling, and art activities to children in some of the most deprived parts of London and beyond.

4

ANNUAL REPORT & ACCOUNTS, 2021

implementing music activities in their settings. A comprehensive online toolkit for the project, created in collaboration with The Communications Trust (part of ICAN), was launched in January 2020, and has been since updated.

5

ANNUAL REPORT & ACCOUNTS, 2021

LOOKED AFTER CHILDREN AND YOUNG PEOPLE

Creative Futures continued to work with Looked After young people and started new projects with care leavers and young people at risk of exploitation.

PROJECTS WITH CHILDREN WITH SPECIAL EDUCATIONAL NEEDS

Creative Futures is pleased to have continued to work with deaf and hearing-impaired children during the year.

6

ANNUAL REPORT & ACCOUNTS, 2021

PRIMARY PROGRAMMES

Creative Futures has continued its delivery partner status with the third sector organisation West London Zone , although all projects ceased during this period due to the governments lockdown policy. We look forward to working strategically with WLZ to support children’s return to education, and repair the damage to their mental health and well-being, in coming years. We will also be delivering our first Creative Club in May 2021, funded by John Lyon’s Charity , a project delayed numerous times due to lockdowns.

REPORTS

Many of the programmes mentioned above have detailed reports which are published on our website: www.creativefuturesuk.com

PARTNERSHIPS

We have strengthened core strategic partnerships with UCL , especially with Professor Welch and his team at the Institute of Education with whom we are collaborating on a number of separate strands of work either in delivery, or in development. We are also privileged to be discussing potential and ongoing collaborations with researchers from other universities in the UK and several in the USA.

Our partnership with Paddington Development Trust has strengthened considerably, and together we are now supporting hundreds of vulnerable families in north Westminster.

Creative Futures is excited to be developing partnerships with early years music specialists across England’s regions in order to support the Early Years sector more widely.

STRATEGIC OBJECTIVES

Our values and strategic objectives for 2020-24 remain unchanged.

VALUES

7

ANNUAL REPORT & ACCOUNTS, 2021

OBJECTIVES

Our strategic aims for 2020-24 remain as before, and the Trustees agreed that we remain committed to our 3 core focus areas of Early Years, Looked After Children and Young People, and children with Special Educational Needs and Disabilities. We will explore the expansion of our geographic reach through some specific programmes and partnerships, and through partnerships with other Early Years organisations.

FUNDERS

Funders of our work include local authorities, schools, independent trusts and foundations, and individuals. We are very grateful to all those that have supported our work, on whatever scale: without these contributions we would not be able to deliver our inspiring projects to those children who value them. In addition to the funders mentioned above, we would like to also thank the Sylvia Adams Charitable Trust , the CAST Explore Programme , and SEMPRE .

COVID-19

Although we are pleased to have sustained many programmes digitally, thus continuing to engage with some of our existing participants as well as new ones, we remain hugely concerned about the impact of the government’s lockdown measures on all children, families and young people, especially the most vulnerable, and on the community of freelance artist educators who dedicate their working lives to delivering high quality programmes with us and other similar organisations. We have supported our family of artists where we can, commissioning online work and research projects, and sign-posting them to opportunities and support. But this sector is significantly at risk.

We have been pleased that our funders have presented a unified response, urging funded organisations to continue supporting their freelancers by paying for scheduled activity during the first lockdown, and offering flexibility on outputs and reporting. However, the longer-term outlook will be more difficult.

We are continuing to monitor the situation regularly in order to be prepared for a resumption of normal activity should restrictions cease, whilst also planning for further periods of online-only delivery. In the meantime, our main concern is to ensure that our workforce – both employed and freelance – is adequately supported, and that participants in our programmes have as much opportunity as possible to engage with the programmes we deliver for them which make such a difference to their lives.

FUTURE PLANS AND DEVELOPMENT

Collaboration remains key to our development and business growth strategy, and we will continue to invest in existing and new strategic partnerships. We will also invest in our network of artists, continually reflecting and learning together from the work we have delivered in order to improve the quality and reach of our programmes, support the children and families we work with and want to work with, and grow our organisation and brand.

8

ANNUAL REPORT & ACCOUNTS, 2021

STATEMENT OF TRUSTEES' (DIRECTORS') RESPONSIBILITIES

Company law requires the directors, who serve as trustees for the purposes of charity law, to prepare Financial Statements for each financial year, which give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing those Financial Statements, the directors are required to:-

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

By Order of the Board

Karen Price Chair 29.06.2021

9

ANNUAL REPORT & ACCOUNTS, 2021

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CREATIVE FUTURES (UK) LIMITED

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

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 examiner’s statement

Since the Company’s gross income exceeded £250,000, I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

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 Date: 06/07/2021

10

Creative Futures (UK) Limited Statement of financial activities

(incorporating an income and expenditure account)

For the year ended 31 March 2021

Note
Income from:
Donations
3
Charitable activities:
4
Grants
Schools and local authorities
Other income
Investment income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net gains / (losses) on investments
7
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net (expenditure) for the year
Net (expenditure) before net gains / (losses)
on investments		 Unrestricted
funds
£
7,384
14,000
47,044
8,099
804
77,331
87,733
87,733
-
(10,402)
(1,506)
(11,908)
83,525
71,617
(10,402)		 Restricted
funds
£
12,951
104,142
93,519
-
-
210,612
212,596
212,596
-
(1,984)
1,506
(478)
124,042
123,564
(1,984)		 2021
Total
funds
£
20,335
118,142
140,563
8,099
804
287,943
300,329
300,329
-
(12,386)
-
(12,386)
207,567
195,181
(12,386)		 2020
Total
funds
£
565
235,567
166,540
-
1,495
404,167
419,887
419,887
-
(15,720)
(15,720)
-
(15,720)
223,287
207,567

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

11

Creative Futures (UK) Limited Balance sheet As at 31 March 2021

Note
Fixed assets:
10
Current assets:
11
Liabilities:
12
14
Total unrestricted funds
Funds
General funds
Total funds
Unrestricted funds:
Designated funds
Restricted funds
Total net assets
Tangible assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets		 2021
£
1,740
193,355		 2021
2020
£
£
1,736
31,750
206,697
238,447
33,050
193,445
195,181
123,564
7,518
76,007
71,617
195,181		 2020
£
2,170
205,397
195,095
1,650
7,518
64,099
207,567
124,042
83,525
207,567

The Charity's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provision of section 477 of the Companies Act 2006("the Act") and members have not required the Charity to obtain an audit for the year in question in accordance with section 476 of the act. The Trustee acknowledge their responsibilities for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

29/06/2021.

and signed on their behalf by:

Matthew Brookes Treasurer

Company registration no. 07578987

The attached notes form part of the financial statements.

12

Creative Futures (UK) Limited Notes to the financial statements

For the year ended 31 March 2021

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) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

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

c) 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 grants or 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. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

d) Interest receivable

e) Fund accounting

f) Expenditure

g) Allocation of support costs

h) Tangible fixed assets

i) 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.

j) 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.

k) 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.

13

Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2020

2 Detailed comparatives for the statement of financial activities

Income from:
Donations
Charitable activities:
Grants
Schools and local authorities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Transfers between funds
Net income / (expenditure)
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Donations
4
Income from charitable activities
Grants
Schools and local authorities
Total income from charitable activities
5
Income from investments
Bank interest
Net income / expenditure before gains /
(losses) on investments		 Unrestricted
funds
£
7,384
7,384
Unrestricted
funds
£
14,000
47,044
61,044
Unrestricted
funds
£
804
804		 2020
Unrestricted
funds
£
5
6,000
30,656
1,495
38,156
59,826
59,826
(21,670)
(7,095)
(28,765)
112,290
83,525
Restricted
funds
£
12,951
12,951
Restricted
funds
£
104,142
93,519
197,661
Restricted
funds
£
-
-		 2020
Restricted
funds
£
560
229,567
135,884
-
366,011
360,061
360,061
5,950
7,095
13,045
110,997
124,042
2021
Total
funds
£
20,335
20,335
2021
Total
funds
£
118,142
140,563
258,705
2021
Total
funds
£
804
804		 2020
Total
funds
£
565
235,567
166,540
1,495
404,167
419,887
419,887
(15,720)
-
(15,720)
223,287
207,567
2020
Total
funds
£
565
565
2020
Total
funds
£
235,567
166,540
402,107
2020
Total
funds
£
1,495
1,495

14

Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2021

6 (a) Analysis of expenditure

Staff costs
Musicians and Practitioners to deliver workshops
Management of projects
Research fees
Staff training
Rent and rates
Insurance
Telephone and internet
Printing, postage and stationery
Independent examination fees
Computer costs
Professional fees
Sundry
Depreciation
Support costs
Total expenditure 2021
Total expenditure 2020		 Charitable Charitable Support
costs
£		 2021
Total
£		 2020
activities
£		 Total
£
141,054
108,417
21,681
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
9,500
580
6,378
1,836
2,351
126
1,725
2,094
4,093
60
434
29,177
(29,177)
-
-		 141,054
108,417
21,681
9,500
580
6,378
1,836
2,351
126
1,725
2,094
4,093
60
434
300,329
-
300,329
419,887		 139,221
197,425
35,677
12,333
1,809
7,117
1,766
1,199
1,439
1,950
2,866
15,407
1,135
543
271,152
29,177		 419,887
300,329
419,887

Of the total expenditure, £87,733 was unrestricted (2020: £59,826) and £212,596 was restricted (2020: £360,061).

Staff costs
Musicians and Practitioners to deliver workshops
Management of projects
Research fees
Staff training
Rent and rates
Insurance
Telephone and internet
Printing, postage and stationery
Independent examination fees
Computer costs
Professional fees
Sundry
Depreciation
Support costs
Total expenditure 2020
Total expenditure 2019		 Charitable Charitable Support 2020
Total
£		 2019
activities
£		 costs
£		 Total
£
139,221
197,425
35,677
-
-
-
-
-
-
-
-
-
-
-		 139,221
197,425
35,677
12,333
1,809
7,117
1,766
1,199
1,439
1,950
2,866
15,407
1,135
543
419,887
-
419,887
356,598		 110,182
170,146
34,045
26,338
1,437
5,656
1,131
1,518
704
1,050
1,413
2,008
292
678
372,323
47,564		 356,598
419,888
356,598

Of the total expenditure, £59,826 was unrestricted (2019: £15,875) and £360,061 was restricted (2019: £340,723).

15

Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2021

7 Net income / (expenditure) for the year

This is stated after charging / (crediting):
Depreciation
Independent examiner's fees		 2021
£
434
1,650		 2020
£
543
1,575

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

Staff costs were as follows:
Salaries and wages
Social security costs
Other staff costs		 2021
£
132,481
7,810
763
-		 2020
£
128,097
9,007
1,408
709
141,054 139,221

The total employee benefits including pension contributions of the key management personnel were £47,879 (2020: £50,214).

One charity Trustee, Maxwell Golden, has been contracted to deliver a project for the charity, and paid as a freelance artistpractitioner for his work on the project at the usual practitioner rate. No other charity trustees were paid or received any other benefits from employment with the charity in the year (2020: £nil) neither were they reimbursed expenses during the year (2020: £nil).

Staff numbers

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

Charitable activities
Governance		 2021
No.
5
1		 2020
No.
6
1
6 7

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

Cost
At the start of the year
Additions in year
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year		 £
5,677
-
-
Equipment		 Total
£
5,677
-
-
5,677 5,677
3,507
434
-		 3,507
434
-
3,941 3,941
1,736 1,736
2,170 2,170

16

Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2021

11 Debtors

11
Debtors
Other debtors
12
Creditors: amounts falling due within one year
Accruals
Deferred income
Deferred income
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2021
£
1,740		 2020
£
31,750
1,740 31,750
2021
£
1,650
-		 2020
£
1,500
31,550
1,650 33,050
2021
£
31,550
(31,550)
-		 2020
£
-
-
31,550
- 31,550

Deferred income represents grants received for the purpose of expenditure in a future period.

13 Analysis of net assets between funds

Tangible fixed assets
Net current assets
Net assets at the end of the year
Analysis of net assets between funds- prior year
Tangible fixed assets
Net current assets
Net assets at the end of the year		 Unrestricted
funds
£
1,736
62,363		 Designated
funds
£
-
7,518		 Restricted
funds
£
-
123,564		 Total
funds
£
1,736
193,445
64,099 7,518 123,564 195,181
Unrestricted
funds
£
2,170
73,837		 Designated
funds
£
-
7,518		 Restricted
funds
£
-
124,042		 Total
funds
£
2,170
205,397
76,007 7,518 124,042 207,567

17

Creative Futures (UK) Limited Notes to the financial statements For the year ended 31 March 2021

14 (a) Movements in funds
Restricted funds:
Building Strong Community Families
Creative Clubs
Looked After Children
Future Focus - AccessHE
EYFS Acoustic Futures
Sounding OUT II
London Rhymes
Sound Communities
Sound Communities plus
Early Years Literature review
Early Years Ambition
LENA: Music in the home Research
Music at HEART,at the Royal London Hospital
Total restricted funds
Unrestricted funds:
Designated funds
General funds
Total unrestricted funds
14 (b) Movements in funds- prior year
Restricted funds:
London Rhymes (2019)
Building Strong Community Families
Music For Change(II)
Baby & Me
EYFS Acoustic Futures
Sounding OUT II
London Rhymes
Sound Communities
Sound Communities plus
Early Years Literature review
London Rhymes You Tube Channel
West London Zone
Music at HEART,at the Royal London Hospital
Total restricted funds
Unrestricted funds:
Designated funds
General funds
Total unrestricted funds		 £
6,069
-
22,643
-
1,709
13,655
27,894
33,019
9,205
422
-
-
9,426
At the start of
the year		 £
74,978
4,000
-
6,750
7,980
12,950
31,594
40,300
-
-
-
3,000
29,060
Incoming
resources &
gains		 £
65,450
300
22,035
710
9,174
19,398
27,138
41,996
10,347
794
600
72
14,582
Outgoing
resources &
losses		 Transfers
£
-
-
(608)
-
-
-
-
-
1,142
372
600
-		 £
15,597
3,700
-
6,040
515
7,207
32,350
31,323
-
-
-
2,928
23,904
At the end
of the year
124,042 210,612 212,596 1,506 123,564
7,518
76,007		 -
77,331		 -
87,733		 -
(1,506)		 7,518
64,099
83,525 77,331 300,329 (1,506) 71,617
£
1,100
10,001
1,625
(4,766)
-
-
-
46,166
-
-
(2,198)
10,603
18,335
At the start of
the year		 £
12,045
47,510
-
-
11,970
31,845
36,174
80,480
31,000
1,242
1,944
50,410
26,391
Incoming
resources &
gains		 £
13,037
51,442
1,600
-
10,261
18,190
8,280
93,627
21,795
820
2,228
60,993
35,300
Outgoing
resources &
losses		 Transfers
£
(108)
(25)
4,766
-
-
-
-
-
2,482
(20)		 £
-
6,069
-
-
1,709
13,655
27,894
33,019
9,205
422
-
-
9,426
At the end
of the year
110,997 366,011 360,061 7,095 124,042
5,000
107,290		 -
38,156		 -
59,826		 2,518
(9,613)		 7,518
76,007
112,290 38,156 59,826 (7,095) 83,525

15 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

16 Related party transactions

Other than what has been disclosed in note 8, there are no related party transactions (2020: none).

18