Charlty Reyl$tratlon No. 1146622 Company Rogistration No. 7888187 (England and Walos) SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS LEGAL AND ADMINISTRATIVE INFORMATION Mrs Laura Askthv Mrs Kerri Knibbs Mrs Nicky Boughton Mr Drew Brown Mr Charles De Vi93iani Mr Luke Froude Dr NholaS Ive$ Mr Dan Kimpton MrAndre•V Lewin Ms Eloabeth Pepys MrAan Sowden M$ AJi$on Stanbridge Mr Paul Vincent Sacrntary Mrs Kerri Knibbs Patron Lady Patten Charlty nwnb•r 1146622 Company nurnr 7888187 R•gist•r•d offico Level 2 The Kbmen's Centre John Radclitfe HOstal Oxford OX3 9DU Indtrpendont •xamin•r Crrtchleys Audit LLP Beaver HJse 23.38 Hythe Bridge Street Oxford OX1 2EP Bankors Bardays Bank pk Woodstock Branch l•kst OxfordshKe GTQUP CAF Bank Limited 25 Kings Hil Avenue ngs HIN West Malling Kent
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS CONTENTS Pag• Trustees, report Independent examinerfs rewt Statement of finan(yal activities Balance sheet Notes to the financial StateThnts 8-15
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2021 The trustees pre$enl their annual report and finanoal statements forthe year ended 28 Februwy 2021. The financlal ststements have been ppared in accordance Ythh Ihe accounting pdiaes set out in note I to the finanial ststements and compty with the charty's goveming document. the Companies Act 2006 and "Accounting and Repth'ng by Charilies.. Ststement of Reo)mmerKled Practice aPiCable to tharities preparing their accounts in accordan¢e with the Financial Reporling Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191". STATUS AND ADMINISTRATION The Company was incorporated under the Companies on the 20 Decembèr 2011 an¢J registered under number 7888187. On 1 March 2012 all the assets. hakn"lth"es and owoing xtivrbes of SSNAP the unincorporated charity were tran$ferred to the Company. CONSTiniTION SSNAP was established by Trust Deed on 9 Juty 1982, and reregistered as a company in 2011. Under ils Memorandum and Artides of Association SSNAP'5 objeeb.ves a promoting the relief of sickness of babies who al any lime after their birth Ere or are Iiealed in the New bom Care Unit or the nefrnatsl nursery of the John Radclrffe Hospital,. and lurthering the education of and the advan¢ement of research by persons vtho arè associated with the John Radcliffe Hosprtal engaged in the medical nursing or other care of babies and infants. In meeting these objedrvès SSNAP has the pr to make grants to the needy pafents of babies referred to above to enabk them to ViSTt the hospital frequenty or to stay near the hosptsl; to arrange amMOdation for parents who have to stay near the hospital," to provide Sogistical and emotional supptsrt services to parents and to prowde bjnding for sh support serNices'. to provide medical equipment.. lo aard scholarships, exhibitions, bursaries or maintenance allovrdnces lenable at any hospitsl, school or university or other educational establishment approved by the Direclor5 to per50n5 eligible to benefft and who are in need of financial assi$lance', and lo award Such persons grants or maintenance alkNvances to enable them to travel whether in the United Kingdom or abroad in furtherance of Iheir edltion. training or se01th. CHAIRMAN'S REPORT 202¢W21 Oblectivos and activities SSNAP has continued to meet it$ core objeclives and rrmssion over the past year. The mission of Ihe Charity can be broadly divided into four areas of fo¢us- Parent Support, Family Care, Nurse Training, Unit Equipment and Re$ear¢h. Parent SupporVFamily Car¢ Helping parents ot babies vtho are spending tirne in neork7tal ore is a core objective of the Charty. Over the past year we have continued to lurid accommodation adjacent lo the hospital (although this has now been replaced by a pemanent provision for parents * the hospitsl), $0 that parent$ in need can spend vital time th their babies, as well a$ providing much needed ffinancial support for those on Ichv incomey need lo travel long distances lo ¥isit their babies in the unrt. Our Famity Care Team provide over 50 hours per week of prath.cal and emob.onal support lo parents and families. alongside a team of volunteers who provide refreshments to families on the unil, as well as peer support. The NevA)om Care Unil a150 identified the need lor largeled psychological support Serwces and in 2018 SSNAP slarted funding the provision of a dinical psychologist and an assistant psYChogiSt to meet this need. Our Famity Care team 81s0 support berfraved parents and their families during some of the nKJsI difficutt ti.
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021 Nursa Tralnlng SSNAP ha5 provKled much needed fundirg for nur on the unit lo attend specialist training Courses. There have been a variety of applications and nvjst receive 7fy100% of theirfundiny requesls. Unit Equipment SSNAP ha$ Committed funds to the proviston of "nal and norFdwii¢al eqLwpment neede(J by the unst in the past year. Ros•arch SSNAP tinUed to frJnd a research fellowship within the Pediatric Infant Pain and Anesthesia IPIPA) research group. A major element of the th has been to develop fvnth.onal magnelic resource imaging {FMRII biomarkers for measuring pain in infants. This ground-breaking work will soon be submitted for publication and the team are worknng to addre the further technic and regulatory chalknges that would enae these techniques to be used in advance the dinical care of sick and premature infant5. This project has concluded and the Board have tskeA a strategic de¢i$Kn lo not commit to further significant research projects al this time though we remwn open to ¢onsKler supwrt for small. relevant projec Major Rlsk Factors of SSNAP The Directors maintain a register of the main risks facAng SSNAP. vthith is vieWed re9ulady at Board meetings. The D1clOrS have identified the follo7n9 major risks of SSNAP and have put systems in place to minimise them.. Risk of failing to grow income. The Directors have taken steps to reduce expendrture where possible wrfhout affe¢ting $ervi¢e delivery to ensure SSNAP can meet ts liabilib"e5 lIst grn9 income over the next 12 months. Confidentiality of dient inlomBtion - SSNAP seeks perrrIOn from all dientslmembers to hc4d personal infomiation on the databases. The databases are password protected. Al paper systems are kept in locked filing ¢abinets or cupboards. AJI of this infomiatson i8 confidential to SSNAP and is not passed on to any other agenGy wlhout pemisyon unless requi by l¥. Risk of SSNAP staff and volunteers suffen.ng w4ury or loss - SSNAP has tsken out insurance policies which cover nlber$ of staff Mthilst Vknng for SSNAP arKI volunteers whilst engaged on SSNAP business. . Flnanaal systems - financial re$, bank ststements. cheqS and cash are kept securety. Records are kept on computer backed up by a paper system wthi¢h is maintained by the b0okkeer. Finanial controls are in pkce for authoriskn.on of e¥pendrture. bank transfers Cheques requre signatorie5. Finantyal reports are produced and monitored quarterly. Organl$alional and D•¢islon4Aaking Strts¢turo The Diredors are ulbmatety responsitrAe for ensuring that SSNAP is operated property in accordance with its Memorandum and Articles of Association and other appropriate regulab"ons. Most decisions are taken by a Board of Directors, comprising the Dired¢fS and the Chaiity Director. This Board meets aboul four ts'me$ per year. Applications for fvnding are considered at the meetings along smth other matters relating to the governance of SSNAP. decAsions are taken and recorded al the meetings. If there is an urgent matter to be decided between meetings, the procedure is for the Chair or Treasurer lo urculale a note to all Board members, or an appropriate sUCOmmittee. to seek their decision. decisions are the responsibilrty of the Chairty DireL*or vth liaise$ regularty the Chair.
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) ICONTINUED) FOR THE YEAR ENDED 28 FE8RUARY2021 The trustee5 have paid dve regard to guid?ce iSSL*d by the Charity Commission in decwjing vthat aCtivitS Ihe chanty should undertake. Strdteglc report The Board identffied in 2017 the follwng prioiiknes.. to eYd and invest in our Famity Care team". to consider funding bereavement seiceS and faaliti"es', to lorate more effectively Nvith other charities,. to er>gage more effe¢tivety our stakeholders; to tske a more proaclNe approach lo individual and corporate ndraising,. to diversfy our sources of funding: to capture feedback and measure our impact m¢)re effectivety; and to develop our Board. SSNAP appointed the first GharTty Director in 2017 and hired an administrator and a fundTaiser in 2018. Both additional support staff were in place for the entirety of this reporting period atthough the Coronavirus pandemic in February 2020 forced some tough decisions. Subsequenty the Charity reduced to a Charity Director. part-time Family Care Team staff and a bookkeeper supports.ng one day a month (total 2.5 FTE staff). Subsequenty we have expanded the Famity Care Team to promde a seven days a week semee for families and have also appointed a part-time fundraiser, enabling us to eypand our range of fundraising events and the profile of the charity. A¢hièvom•nts and perfornianc• Finan¢lal r•vlew SSNAP raised income of £243,992 {2020-. £259.531} in the year and spent £131,411 {2020". £232,570) on charilable acb"wtte5 Qf whi¢h £77,980 {2020'. £67,071) was expended on support costs. Expenditure on raising funds was £45,25512020.' £62,269), largety attribLrtable to fijndraising salaries and other fundraisin9 costs. As at 28 February SSNAP had net assets of £125.370 12020". £58,043) Comprised unrestricied general income fvnds. Rgservo$ Policy SSNAP operatès a reserves p0cY of retawllng sufficient funds to cover operating rK¥sts and fundlng commitinents for 3-6 rnonths. Dlrgctor Induction and Training Emma Cantrell gave her nofice to ave in late 2019 and a new Chanty Director. Martin George Realey, was appointed on 24th February 2020. His induction and training induded.. meelNig and discuwons wilh the Chaimian and ¥1h fellTh Direc a guided tour of the Nevknom Care Unit accompanied by an experienced Director, making relevant introductions and scheduling follow up meetin95 meeting with SSNAP staff. ffirst as a group and then ontrttrone dis¢ussions access lo infomiation about SSNAP Public Benefit The Directors confim that they have corn1ed wth the duty in Section 17{51 of the 2011 Charities Act to have due regard to the guidance published by the Charity Commission. Ml tsur ¢hantsble a¢tivities focus on the objectives de$¢ribed above and are undertaken to fijrther our chaiitable purposes for the public benefit.
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2021 The trus t, induding the strategic reporL vras approvad by the Board of Trustee$. Mr Alan Sowden Tw51ee Dated. ..z.Il.!il.
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS I report lo the trustee¥ on my examination of the finanaal slatements of SUPPORT FOR THE SICK NEWBORN AND THEIR pAREs (the cha(ityl for the year ended 28 February 2021. Responsibllltles and basis of veport As the Iruslees of the charity land also rts dire¢tDrs for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance th the reqU1MentS of the Companies Act 2006 Ilhe 2006 Acti. Hawng satÉsfied myselfthat the finanual stments of the charrty 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 examinion of the charitys financial statements carried out under section 145 of the Charilies Act 2011 {the 2011 Actl. In carrying OLrt my examination I have followed all the ap1¢able Directions given by the Charity Commission under section 14515) Ib) of the 2011 Act. Indep¢nd•nt •xamln•r's statement I have mpleted my examination. I confirni that no matter5 have come to my attention in nneCtIOn with the examination giving me ¢ause to believe that in any material respect-. accounting records were not kept in respect ofthe ¢harity as required by secthin 386 of the 2006 Act,. ¢y the financial statements do not accord Nbith those records., or the ffinancial statements do not comth with the accounting reqU1ments of section 396 of the 2006 A¢1 other than any requirement that the accounts gNe a true and fair view leh is not a matter considered as part of an independent examinab"on' or the finan¢ial stements have not been prepared in aCCordare vmh the methods and incIpleS of the Statement of Recommended Practice for acurIting and rePon9 by charities applicable to ¢haritres preparing their accounts in accordance the Finanual Reporting Standard applicable in the UK and Republic of IreIar (FRS 1021. I have no concems and have come across no olher ffratters in conneclion with the examinalK)n to which attention should be drawn in this feport in order io enAe a proper urthr5tanding of the finan¢tal statements to be reached. Critchl•ys Audit LLP Beaver House 2>38 HYt Bridge Slreet Oxford OX1 2EP Dated.. 22 December 2021
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY2021 Unr•strlct80 Unr•$trl¢ted funds 2021 2020 Notss Donab'ons and legacies Charitable activibes Other trading acb'¥ib"es Investments other income 22,329 198,278 18.216 17 5.t52 41,579 207,709 10.144 99 Totsl Incomo 243,992 259,531 Raising funds 45,255 62,269 Charitsble activitses 131.411 232,570 Total •xp•nditure 176.666 294.839 Net In¢omo11oxpondlturn) for th• yaarf Ngt movomont in funds 67.326 {35.3081 Fund balances at 1 March 2020 58.044 93,351 Fund balances at 28 February 2021 125,370 58,043 The stsl&menl of financial actiwbes inclLths an gains losses re¢ognised in the year. All inr#)me and expenditure derive from contwiuing ad1vil. The Statement of financid actMtse5 dso comptses v*ilh the requirements for an income and eXpendIre account under CompaniesAd 2006.
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS BALANCE SHEET AS AT 28 FEBRUARY 2021 2021 2020 Flxèd ass•ts Tangible a$$els 11 1.250 3,666 Currnnt assots stocks Debtors Cash at bank and in hand 12 13 3.237 17,743 129,968 3,237 15,365 80,154 1S0,948 98,756 r•drtors: amounts falling du• vtithln on• yoai 14 126,8281 {44.379) Net current *ts 124.120 54,377 Totsl a$$ots18ss currnnt liabilities 125,370 58,043 Income funds Unrestricted funds 125.370 58.043 125.370 58,043 The company is enb.tled to the exempl from the audrt requirement contained in $tion 477 of the Companies Act 2006, forthe year ended 28 February 2021. The directors acknovAedge their responsiblities for comp"n9 wrth the reqLArements of the Companies Act 2006 vAth respect to accounting records and the pparntiOn of financial stslements. The members have not required the company to obtsin • audit of its financial statements for the year in question in aCCordar th section 476. These financial statements have been prepared in accordance with Ihe provisions applicable to Companies $ubject to th& small companies Tegime. The financial slatements Wre approved by the Trustees on ...k.V.IILlbL ! MrAJan Sowden Trustge Company Règistration No. 7888187
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY2021 Accounl6ng pollcles Charity inforniation SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS is a private company limrted by guarantee incorporated in England and Wales. The wistered office is Level 2. The Women's Centre, John Raddiffe Hospital, Oxford, OX3 gDU. 1.1 Accounting convention The ffinanaal statements have been wepared in a¢¢ordan¢e With the Charity's goveming document, the Companies Act 2006, FRS 102 "The FInanCt Reporting Standard applicable in the UK and Republic of Ird8nd' I'FRS 102.1 and the Charitses SORP 'Accounting and Reporting by Charities.. Statement of Recommended Prath'ce applicable to charities preparing their accounts in accordance with the Financial Reporting SlarKlard applicable in the UK and Republic of Irel {FRS 1021" (effective 1 January 20191. The charity 1$ a Public Benefft Entty as defined by FRS 102. The charity has taken advantage of the ps1onS the SORP for ¢harilies not to prepaie a Statement of Cash Flows. 12 Golng concarn Al the time ol appfoving the financiat statements, Ihe Iruslees have a reasonable expectation that the charity has adequate resources to continue in operab.onal existence for the foreseeable fvture. Thus the tru$lees contsnue lo adopt the going ¢(Mcem basis of a¢countr"ng in pparing the finanoal ststements. 1.3 A¢cumlted Fund The Chanty's accumulated fvnd consists of fijnds vthich the Charity may use for its purposes al its discretion. Designated funds are unrestrided funds whi¢h have been de%gned for a $w¢ffic purpose. Restricted fvnds are fijnds which have been festricted for a speafic purpose. 1A Incomo Voluntary In¢om•: All donations are included in income upon certainty of receipt Donations untler gift aid, together wth the associth iirA)me tax recovery. are recognised as income when the donation is received. Grants a recognised as income ¥then Ihey a entiued to the income. For the year ended 28 Febntary 2021. ¢ovenant income has been categorised as fundraising. Inv•$tn•nt Incomo: Credit is taken for interest wthen the irrtere5t is due rather than vthen rt is credited by the ban Annual Subscriptlons sub5cripb.ons are included in income ¥tl they are received. 1.5 Exp8ndlturn Expenditure is rewnise(l on an a¢uual ba$ as a abilIty is inr#Jrred. Expenditure indudes any value added tax and is reported as part of the expendilure to relates: Costs of generatirkg lunds relate to those cost$ incurred through fvrKlraising adivrties. Charitable expenthbJre comprises tIK)se costs in¢urTed by the Charity in the delwery of its activities and strrvictrs for its beneficiaries. It indude5 both costs Ihat can be alo¢ated directy to $u¢h activ"e$ and those costs of an indirect nature necessary to support them.
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2021 Accounting pollcle$ Icontinuèdl GoveTnance $ts include those costs asswated vAlh Irting the eonstituti.onal and statutory reqL5irements of the charty and indude the aLÈdrt fees and costs linked to the strategic manaent of the Charity, Support ¢osts have been apportioned belween tharitable a¢tNibes on the f109 basis, in 0rdance with time 8penl.' Provision of neonatal equpment 20% Pèrenl ac£ommodation Support staff Psychologist costs Nurse training Transport fvndiny Resear¢h funding 20% 10% 10% 10% Equlprnont purchas•d for the born Clrg Unit Equipment purchases are re¢ded at the time the Board of SSNAP aulhorises the purchase and this is communicated to the UniL 1.6 Tangible fixed assots Deprecaation is ¢akulated to write do the Cost of langible fixed assets by egual annual instalments over their expected useftjl live5. The rate applicat4e to all fixtures and ffltings is the years. 1.7 Stocks Stock ¢on$ists of purchased items vthi¢h is intended for resale and is $tsled at the lower of cost and rt realisable value. 1.8 Flnancial instrum•nts The charitable company lY has financial assets and financaal lobilities of a kind Ihat qualify as bas finan¢ial instnjmenls. Basic financial in5trmnts are inrtiaty recognised at transactMM value a)d subsequenty measured at their settlement value. 1.9 Debtor5 Other debtors are recognised at theirtransadion value and prepayments are valued at Ihe amount prepald. 1.10 Cr8dltors Creditors are reccsnised where the Chanty has a present obligation resulbng from a past event that wim probably result in the transfer of funds lo a third paty and the amount due to sdlle the obligation can be measured or estimated reliably. Creditors and provisions are rxmalty recognisetl al their settlen*nt amount after allovAng for any trade discounts due. Crltlcal a¢¢ountlng estlmatss andnMlg8ments The followng judgements lapart from those invoMng estimates) have had the most signficant effect ¢)n amounts recognised in the financaal statements.
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2021 Donatlon$ and kga¢i Unrnstrict•d Unrestricted funds 2021 2020 Donations and gifts 22.329 41,579 Charitabl• activiti 2021 2020 In¢ome lax redamned Grants Subscriptions Fundraising 6,042 46,174 26,009 7,000 1.500 173.200 146.062 198,278 207,709 other income Unrostrl¢l•d Unro$trl¢t•d funds funds 2021 2020 Other income Furknugh income 2.017 3.135 5.152 Raising funds Unrnstrlct•d UnY•strlct•d funds funds 2021 2020 Other fvndraising co$1$ Fundraising salaries Cost of goods sold 18,032 26,615 17.754 40,422 4,093 Total 45,255 62,269 io-
ID ryo(oNl7ii v) (o Lrj 000 • ¢f+ ¢Xt ¢Tr to * UJ (YJ 0> ¢D ryj U) tfj tr- a) a) ¢0 o) ¢JJ 31 IEilill Il zrLtnrLz[
)100 Ormioio rr¢71Na) 10 (tsf*4 In<N r LThts)(4 0 (¥) C)1 ) g) r O) o ¢N 10 Yr r ts%r- U) (L r£ c
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2021 Governan¢o Costs 2021 2020 AGM meeting costs Legal and professional Audit fee 1.563 26 2,927 2,600 2,520 5,120 4,516 Trustse$ A lotsl of £42 was reimbursed to one Trustee {2020'. £15) for event cost expenses. A total of £1.050 was donated by trustees in the year by 4 Trustees (2020". £725 by 3 Trustees). 10 Employ889 The average monthty number ofemployee8 during the year was: 2021 Number 2020 Numbar Office administratKJn and astanCe Family care salaries Fundraising salaries Total Employment Costs 2021 2020 Salaries including social secvrity and pension costs 105,441 123,349 Anatysed as fdlow5". Fundraising salaries Family care salaries Offi¢e adnwnislration and aStanCe 26,615 29,616 49,210 40,422 40.269 42.658 105,441 123,349 There were no employee$ whose annual muneratIon wag £60.000 or ffe. No directors recieved any remuneration or reimbursement for any expenses. The total reeVed by key management personnel comprismg totsl ewployee beneffts induding employers Nl was £51.45412020. £51,730}. 13-
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2021 11 Tangibl• fix•d ass•ts Fixtures and fittin Cost At 1 March 2020 23,177 At 28 February 2021 23,177 Depreciation and lmpa1rnnt At 1 March 2020 Depreaalicn Charged in the year 19,511 2,416 At 28 February 2021 21,927 Carying amou At 28 February 2021 1.250 At 29 February 2020 3.666 12 Stocks 2021 2020 Finished goods goods for resale 3.237 3,237 13 D•btors 2021 2020 Amounts falllng du? lthln ong yoar. Trade debtors Piepayments and accrued income 3,980 13,763 11.765 3,600 17.743 15,365 14 Creditor5: amounts f•lling due thin one y¢•r 2021 2020 Trade Creditors other credrtors Accruals and deferred income 3,655 13.694 9,479 14.303 4,262 25,814 26,828 44,379 14-
SUPPORT FOR THE SICK NEWBORN AND THEIR PARENTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2021 IS Unrostricted fitnds Balan¢e as at 01 March 2020 Incoming R•sour¢es TrnMf•rs B•lanc• as at resources exp•nd•d 28 Fèbruary 2021 Ggnar81 unrestncted fur 58.044 243.992 1176.666) 125,370 Totsl 58,044 243.992 (176.666) 125,370 16 Analysls of net assots botwn funds UnrgstrSct•d Unr•strf¢tsd fvnd5 2020 2021 Fund balances * 28 February 2021 are represented by: Tangible assets Current a5setslOiatxlrtTre$l 1,250 724.120 3.666 54,377 125,370 58,043 17 Relatsd paty transacttons There were disdosable related paty transaclions during the year {2020- none). 18 M•mbors Ilablllty The company is limited by guarantee and does not have share capilal. the member5 undertake to contribute a SLIM, not exceeding £1. to the assets of Ihe company in the event of the wmpany being wound 15-