REGISTERED COMPANY NUMBER: 08143560 (England and Wales) REGISTERED CHARITY NUMBER: 1149454
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
FOR
VICTORIA CROSS TRUST (A COMPANY LIMITED BY GUARANTEE)
Reed Smith Associates Limited Copia House Great Cliffe Court Great Cliffe Road Barnsley South Yorkshire S75 3SP
VICTORIA CROSS TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Position | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
VICTORIA CROSS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Victoria Cross is the highest military honour of the United Kingdom honours system. It is awarded for gallantry and valour "in the face of the enemy" to members of the British and Commonwealth servicemen and women. To date 1363 Victoria Crosses have been awarded since its creation in 1856.
Across the United Kingdom and the rest of the world, there are a large number of private graves and memorials to those awarded the Victoria Cross. A small number of these graves are cared for by the Commonwealth War Graves Commission because their remit only covers Victoria Cross recipients killed in action during either of the world wars.
All graves of Victoria Cross recipients who fought and died outside dates of these two conflicts are privately owned. A small number of these again are still cared for by their family, the rest lie forgotten, neglected and in some cases are now lost forever.
The Victoria Cross Trust (VCT) seeks to ensure that the final resting places of the Victoria Cross recipients remain tended and cared for respecting the wishes of families and communities alike. In addition, the charity also aims to educate the public in the stories behind the VC recipients and it is to fulfil these two objectives that the VCT was originally established in 2012.
Page 1
VICTORIA CROSS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021
OBJECTIVES AND ACTIVITIES Significant activities
During the period August 2020 to July 2021 we were able to complete the:
-
Construction of office space in our new premises
-
Cleaning of 5 VC related graves
-
Design and production of VCT branded retail items
-
Development of veteran volunteer network
-
Identification of proposed VC grave clean locations
-
Consolidation of social media presence across the internet, Facebook, Twitter and LinkedIn
-
Preparation of grant funding bid to pump-prime our 2021/2022 Maintaining the Memories project
This focus on business planning took precedence in order to ensure that in the long term the VCT became self-sustaining financially.
The start of the 2020/21 financial year threw up a number of challenges for us to overcome if we were to be successful in achieving our aspirations of becoming self-sustaining whilst delivering our core charitable aims. These included:
-
Our new premises at Armthorpe provided us with a base from which we could attend grave locations, produce retail products and plan for up-and-coming events for the 2020/2021 season. These did not however provide us with a year-round public facing location at which to maximise education and retail opportunities.
-
Our social media and web presence was not cohesive and ad-hoc requiring further coordination of resources to ensure that consistent messaging was promoting the VCT. This would encourage new opportunities to clean, generate income and educate the public in the history behind the VC whilst also potentially attracting new volunteers with new skills with which to support us. This consistency and corporate branding was not in place.
-
Our financial position was heavily reliant on reserves generated through the sale of assets as a result of the closure of the Ashworth Barracks Museum and whilst donations were picking up and online sales were increasing these alone would sustain us beyond 2021. New forms of income generation needed to be identified.
-
Our workforce of veterans was ageing and reliance on them to continue to deliver our objectives was placing a strain on their resilience. We needed to provide greater resilience and generate a stronger volunteer presence at the VCT.
The trustees formulated a business plan to focus activity in three primary areas of activity. This included:
-
Cleaning and restoration of VC graves
-
Development of retail opportunities to generate income
-
Development of events to promote education and retail
-
Support veterans and volunteers by providing opportunities to work with us
In September 2020 the trustees formulated a proposal for funding to enable the VCT to pump prime our restoration, retail, events, and veteran volunteer network. This project entitled Maintaining the Memories was submitted for consideration to the Armed Forces Covenant Fund (AFCF) positive pathways programme. This laid out how we would continue to extend our grave cleaning, develop our retail and brand, attend, and run events to generate more support and income and provide veterans with an opportunity (positive pathway) to support us in our work.
In February 2021 we were informed that our proposal had been approved and that we would receive the maximum grant to implement our proposal from 1st April 2021 to 31st March 2022. The VCT was immediately able to:
-
Complete 10 grave cleans and 15 inspections
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Develop our VCT brand and a range of products to sell online and at events
-
Attend 10 events at which we were able to sell our retail products and educate the public in the VC
-
Consolidate our internet and social media presence to maximise our public face
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VICTORIA CROSS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021
OBJECTIVES AND ACTIVITIES
The outcomes for Maintaining the Memories in the period March to July 2021 saw a significant increase in income generated from events through retail and donations that indicated to us that we could replenish reserves through our work in this area of the business plan but not to the point of self-sustainability. We therefore explored an opportunity to create a memorial event with retail stalls at a popular retail outlet at Lakeside Doncaster. Such was the success at this event that we were invited in July 2021 to repeat it and were offered a rent-free presence in our own shop that we could take up from October to December 2021. The end of the 2020/21 financial year therefore saw the VCT business plan bearing fruit and moving us in the right direction in terms of maximising our objectives and charitable aims. The impact of our business plan is evident within our reported accounts which sees a significant reduction in reported loss compared to previous years.
The year 2021/22 was clearly laid out with opportunities for us to maximise our financial strategy enabling us to continue at least in the medium term to clean and restore VC graves and educate the public whilst providing welfare support to veterans.
Volunteers
The Trust has been very fortunate to have benefitted from the contributions of dedicated volunteers, without whom the cost of grave restoration and running the museum would be significantly higher.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08143560 (England and Wales)
Registered Charity number
1149454
Registered office
Unit 3, Yorkshire Way Armthorpe Doncaster South Yorkshire DN3 3GW
Trustees
D Ashworth (resigned 27/8/2020) B J Balliger T P Hazeltine (resigned 27/8/2020) K Lumley F A Adams C G Aston (resigned 30/4/2021) R D Paddey (appointed 31/5/2021)
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VICTORIA CROSS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Stuart Martin Reed Reed Smith Associates Limited Copia House Great Cliffe Court Great Cliffe Road Barnsley South Yorkshire S75 3SP
Bankers
Virgin Money Timor House Mariner Court Clydebank Business Park Glasgow G81 2NR
Approved by order of the board of trustees on 27 April 2022 and signed on its behalf by:
K Lumley - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VICTORIA CROSS TRUST
Independent examiner's report to the trustees of Victoria Cross Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 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
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:
-
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
-
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
-
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.
Stuart Martin Reed Reed Smith Associates Limited Copia House Great Cliffe Court Great Cliffe Road Barnsley South Yorkshire S75 3SP
27 April 2022
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VICTORIA CROSS TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 6,517 Other trading activities 2 42,300 Investment income 3 84 Other income 6,494 Total 55,395 EXPENDITURE ON Raising funds 25,193 Charitable activities Restore and maintain Victoria Cross recipients graves and educate the public about their lives and deeds 39,419 Total 64,612 NET INCOME/(EXPENDITURE) (9,217) RECONCILIATION OF FUNDS Total funds brought forward 135,073 TOTAL FUNDS CARRIED FORWARD 125,856 |
Restricted fund £ 20,212 - - - 20,212 - 20,212 20,212 - 2,021 2,021 |
31.7.21 Total funds £ 26,729 42,300 84 6,494 75,607 25,193 59,631 84,824 (9,217) 137,094 127,877 |
31.7.20 Total funds £ 10,010 27,657 48 11,204 48,919 9,522 89,839 99,361 (50,442) 187,536 137,094 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
VICTORIA CROSS TRUST
STATEMENT OF FINANCIAL POSITION 31 JULY 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 74,154 CURRENT ASSETS Stocks 9 6,578 Debtors 10 3,715 Cash at bank and in hand 50,105 60,398 CREDITORS Amounts falling due within one year 11 (8,696) NET CURRENT ASSETS 51,702 TOTAL ASSETS LESS CURRENT LIABILITIES 125,856 NET ASSETS 125,856 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - 15,059 15,059 (13,038) 2,021 2,021 2,021 |
31.7.21 Total funds £ 74,154 6,578 3,715 65,164 75,457 (21,734) 53,723 127,877 127,877 125,856 2,021 127,877 |
31.7.20 Total funds £ 77,227 23,052 7,698 42,593 73,343 (13,476) 59,867 137,094 137,094 135,073 2,021 137,094 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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
continued...
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VICTORIA CROSS TRUST
STATEMENT OF FINANCIAL POSITION - continued 31 JULY 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 April 2022 and were signed on its behalf by:
K Lumley - Trustee
F A Adams - Trustee
The notes form part of these financial statements
Page 8
VICTORIA CROSS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Museum catalogue - 5% on reducing balance Fixtures and fittings - 15% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
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VICTORIA CROSS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.7.21 | 31.7.20 | |
| £ | £ | |
| Sales | 40,700 | 27,657 |
| Sales of services | 1,600 | - |
| 42,300 | 27,657 | |
| INVESTMENT INCOME | ||
| 31.7.21 | 31.7.20 | |
| £ | £ | |
| Interest receivable | 84 | 48 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.7.21 | 31.7.20 | |
| £ | £ | |
| Depreciation - owned assets | 8,751 | 35,828 |
| Hire of plant and machinery | 240 | 530 |
| Surplus on disposal of fixed assets | - | (8,862) |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020.
Trustees' expenses
The charity trustees claimed expenses which related to travel and subsistence costs for attending trustee and management meetings.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.7.21 | 31.7.20 | |
|---|---|---|
| General manager | 1 | 1 |
| Activities staff | 1 | 1 |
| Administration support | 1 | - |
| 3 | 2 |
No employees received emoluments in excess of £60,000.
continued...
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VICTORIA CROSS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 10,010 Other trading activities 27,657 Investment income 48 Other income 11,204 Total 48,919 EXPENDITURE ON Raising funds 9,522 Charitable activities Restore and maintain Victoria Cross recipients graves and educate the public about their lives and deeds 89,839 Total 99,361 NET INCOME/(EXPENDITURE) (50,442) RECONCILIATION OF FUNDS Total funds brought forward 185,515 TOTAL FUNDS CARRIED FORWARD 135,073 |
Restricted fund £ - - - - - - - - - 2,021 2,021 |
Total funds £ 10,010 27,657 48 11,204 48,919 9,522 89,839 99,361 (50,442) 187,536 137,094 |
|---|---|---|
continued...
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VICTORIA CROSS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
8. TANGIBLE FIXED ASSETS
| 8. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| Museum | and | |||
| catalogue | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 August 2020 | 80,482 | 29,691 | 110,173 | |
| Additions | - | 5,678 | 5,678 | |
| At 31 July 2021 | 80,482 | 35,369 | 115,851 | |
| DEPRECIATION | ||||
| At 1 August 2020 | 18,016 | 14,930 | 32,946 | |
| Charge for year | 5,937 | 2,814 | 8,751 | |
| At 31 July 2021 | 23,953 | 17,744 | 41,697 | |
| NET BOOK VALUE | ||||
| At 31 July 2021 | 56,529 | 17,625 | 74,154 | |
| At 31 July 2020 | 62,466 | 14,761 | 77,227 | |
| 9. | STOCKS | |||
| 31.7.21 | 31.7.20 | |||
| £ | £ | |||
| Stocks | 6,578 | 23,052 | ||
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.7.21 | 31.7.20 | |||
| £ | £ | |||
| Trade debtors | 180 | - | ||
| Prepayments and other debtors | 3,535 | 7,698 | ||
| 3,715 | 7,698 |
continued...
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VICTORIA CROSS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other taxation and social security Accruals and other creditors Deferred grant income LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: Within one year Between one and five years MOVEMENT IN FUNDS At 1.8.20 £ Unrestricted funds General fund 135,073 Restricted funds Restricted Funds 2,021 TOTAL FUNDS 137,094 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 55,395 Restricted funds Restricted Funds 20,212 TOTAL FUNDS 75,607 |
31.7.21 31.7.20 £ £ 6,069 6,109 2,627 7,367 13,038 - 21,734 13,476 31.7.21 31.7.20 £ £ 10,957 10,957 6,392 17,349 17,349 28,306 Net movement At in funds 31.7.21 £ £ (9,217) 125,856 - 2,021 (9,217) 127,877 Resources Movement expended in funds £ £ (64,612) (9,217) (20,212) - (84,824) (9,217) |
|---|---|
12. LEASING AGREEMENTS
13. MOVEMENT IN FUNDS
continued...
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VICTORIA CROSS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.8.19 £ Unrestricted funds General fund 185,515 Restricted funds Restricted Funds 2,021 TOTAL FUNDS 187,536 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 48,919 TOTAL FUNDS 48,919 |
Net movement At in funds 31.7.20 £ £ (50,442) 135,073 - 2,021 (50,442) 137,094 Resources Movement expended in funds £ £ (99,361) (50,442) (99,361) (50,442) |
At 31.7.20 £ 135,073 2,021 |
At 31.7.20 £ 135,073 2,021 |
|---|---|---|---|
| 137,094 | |||
| (50,442) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
At 1.8.19 £ 185,515 2,021 187,536 |
Net movement in funds £ (59,659) - (59,659) |
At 31.7.21 £ 125,856 2,021 |
|---|---|---|---|
| 127,877 |
continued...
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VICTORIA CROSS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 104,314 | (163,973) | (59,659) |
| Restricted funds | |||
| Restricted Funds | 20,212 | (20,212) | - |
| TOTAL FUNDS | 124,526 | (184,185) | (59,659) |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2021.
Page 15
VICTORIA CROSS TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| 31.7.21 | 31.7.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 6,517 | 10,010 |
| Grants | 20,212 | - |
| 26,729 | 10,010 | |
| Other trading activities | ||
| Sales | 40,700 | 27,657 |
| Sales of services | 1,600 | - |
| 42,300 | 27,657 | |
| Investment income | ||
| Interest receivable | 84 | 48 |
| Other income | ||
| Gain on sale of tangible fixed assets | - | 8,862 |
| Bank compensation | 150 | - |
| Miscellaneous income | 579 | - |
| Government grants | 5,765 | 2,342 |
| 6,494 | 11,204 | |
| Total incoming resources | 75,607 | 48,919 |
| EXPENDITURE | ||
| Other trading activities | ||
| Purchases | 25,193 | 9,522 |
| Charitable activities | ||
| Wages and national insurance | 22,227 | 20,276 |
| Rent of equipment | 240 | 530 |
| Rent and rates | 11,833 | 5,833 |
| Light and heat | 923 | 4,469 |
| Telephone and internet | 1,718 | 4,376 |
| Office expenses and stationery | 1,001 | 252 |
| Advertising and promotion | 192 | 657 |
| Cleaning and sundry expenses | 621 | 598 |
| Insurance | 1,533 | 1,514 |
| Repairs and maintenance | 1,290 | 144 |
| Motor expenses and travelling | 3,200 | 2,871 |
| Subscriptions | 178 | 72 |
| Professional fees | 2,642 | 9,107 |
| Consultancy fees | 1,910 | - |
| Carried forward | 49,508 | 50,699 |
This page does not form part of the statutory financial statements
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VICTORIA CROSS TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| 31.7.21 | 31.7.20 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 49,508 | 50,699 |
| Grave cleaning and other projects | 545 | - |
| Donations | - | 600 |
| Haulage | - | 800 |
| Auction charges | - | 447 |
| Late filing penalty | - | 400 |
| Depreciation | 8,751 | 35,828 |
| Bank charges | 827 | 1,065 |
| 59,631 | 89,839 | |
| Total resources expended | 84,824 | 99,361 |
| Net expenditure | (9,217) | (50,442) |
This page does not form part of the statutory financial statements
Page 17