REGISTERED COMPANY NUMBER: 07740327 (England and Wales) REGISTERED CHARITY NUMBER: 1149485
PANDAS FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
PANDAS FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Chair's Report | 2 to 3 |
| Trustees' Report | 4 to 7 |
| Independent Examiner's Report | 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Notes to the Financial Statements | 11 to 16 |
| Detailed Statement of Financial Activities | 17 |
PANDAS FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020
TRUSTEES
Mrs H Bowley Ms A Stuart-Mills Mrs E Tate Ms A L Warden Mrs P Thakar (appointed 11.5.21) Mrs L Holden (appointed 11.5.21)
COMPANY SECRETARY
Ms A L Warden
REGISTERED OFFICE c/o The Fort Offices Artillery Business Park Oswestry SY11 4AD REGISTERED COMPANY 07740327 (England and Wales) NUMBER
REGISTERED CHARITY 1149485 NUMBER
INDEPENDENT EXAMINER
TCA (Shrewsbury) LLP 4 Claremont Bank Shrewsbury Shropshire SY1 1RW
Page 1
PANDAS FOUNDATION
CHAIR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
We are delighted as Trustees of PANDAS to provide an update on the progress made by the PANDAS Foundation over the last 12 months.
We would like to thank the outgoing and incoming Board of Trustees for their support and commitment, the team have provided solid leadership, knowledge and accountability over the last period of account. And we look forward to building on these strong foundations for the year to come. Trustee Board meetings are held quarterly by conference call however, Trustees are kept abreast of everyday development for each department and the foundation as a whole by the management team on a regular and consistent basis.
We are extremely proud of the progress made by PANDAS since its creation in 2010 supporting in excess of 40,000 parents to date.
Since our last report we re- strategized due to the global pandemic, focusing on continuous support and including additional support for our parents through three lockdowns and circumstances which dramatically affected parents' experiences from conception through to birth and beyond.
During the Autumn of 2020, we relaunched and re branded PANDAS kindly funded by a generous donor trust foundation. This has allowed us to have an updated, clearer and more detailed information signposting service for all parents, evidently increasing engagement for PANDAS presence.
Our Head of Charity continues to lead the management team working together, tirelessly with an outcome to reach every parent who needs us as per our mission statement. We saw a rise in calls to our free helpline by 240% from March 2020- March 2021 which is testimony to the extent and quality of support provided by PANDAS teams and its volunteers.
PANDAS Foundation has had consistent positive national press attention via press and TV broadcast highlighting its services and ultimately bridging the gap for parents who cannot access the support due to the over stretched and under resourced NHS.
Over the past year focus has been shifted on our business model and developing multiple income streams for the charity to further expand and to sustain the work and support that is provided. Including the introductions of media packs, refreshed funding KPI targets and working with external financial partners to develop our grant application strategy.
The ongoing generous funding from our donors has allowed us to create two new roles of Fundraising Manager and Social media manager, to work in a collaborative way to humanise the fundraising and parents lived experience, increasingly working on highlighting the key challenges for parents facing a perinatal mental illness.
During 2020 we have increased our volunteer recruitment by 40% with an additional support service opened as our 'Dads Closed Facebook' community for fathers which has been very popular. Our email services, Facebook Closed Group and social media channels remain essential to provide multiple channels of support to any service users who need the support of our volunteers.
Due to the government restrictions around social distancing, we paused our support groups and transferred the model to online. We plan a soft launch for when restrictions are lifted and will continue to develop and group our group support offering, ultimately to provide local support in every community within England, Scotland and Wales.
As part of the Local Support Group reviews, we have identified the need to use more online technology and tools, to ensure that our teams based across the UK feel we are one. We have now developed and rolled out our online resource library for all volunteers, with an additional online downloadable resource pack for service users. Ensuring our systems are regularly updated we have also implemented our One Drive which allows us to have an organised and historical record of all documents relevant for PANDAS.
Our strategic focus for the 2021 period will be to continue to expand our charity with the view of working on our grant applications process to ensure matched income to the generosity we have already achieved through local communities and their fundraising. With support from a new Clinical Advisory Board, we will be focusing on our diversity approach and ensuring that every parent has access to our services, focusing on black and brown communities.
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PANDAS FOUNDATION
CHAIR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
We plan to transfer our team of 7 self-contractors onto PAYE contractual roles offering reward and recognition and to sustain the excellence in work provided.
We would like to take this opportunity to thank all of the PANDAS volunteers, ambassadors, families and supporters for their ongoing enthusiasm, drive and energy in making 2020 a successful and progressive year.
We look forward to working more closely with our PANDAS teams and other organisations in the coming years to ensure PANDAS goes from strength to strength enabling us to support more families.
Amy Stuart-Mills, Trustee
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PANDAS FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2019. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016).
Trustees of the charity
The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end are set out on page 1.
OBJECTIVES AND ACTIVITIES Objectives and aims
As stated in the Articles of Association, the objectives for which PANDAS is established for the public benefit are:
To promote and protect the good health of people affected by pre and postnatal illnesses, in particular but not exclusively by:
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Providing support, assistance and information directly or indirectly to people affected by pre and postnatal illnesses;
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Furthering and building pre and postnatal illness awareness, education and research;
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Promoting effective care, involvement and support for people affected by pre and postnatal illnesses.
PANDAS Foundation has 6 aims, all providing a variety of support mechanisms for families with pre and postnatal illnesses.
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1) Offering email support which individuals, families and carers can use, with the aim of receiving a reply within 48 hours;
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2) Providing a website that provides information on depressive illnesses and how to help;
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3) Running a dedicated helpline for individuals, families and carers affected by pre or postnatal mental health;
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4) Co-ordinating Support Groups for individuals, families and carers to attend to help with their recovery;
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5) Releasing publications accessible as a download from the website, and
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6) Offering an online community for individuals, families and carers to receive support from others at any time.
Public benefit
All of the above activities have been undertaken with reference to the Charity Commission guidance on public benefit.
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PANDAS FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
STRATEGIC REPORT
Achievement and performance
See the Chair’s Report on pages 2-3.
Financial review
Financial position
The charity had net income of £17,255 compared to £88,867 in the previous year. Whilst income fell by £30k our costs increased by £40k, demonstrating the increasing demand for our services and the importance of building a sustainable charity.
Reserves policy
The charitable company has £10,000 of restricted funds and £94,181 of unrestricted funds of which £48,000 have been designated for future projects. At the year end the free reserves of the charity were therefore £46,181 (2018: £ £13,814) representing unrestricted funds less those designated for future use.
The trustees are aware of the need to ensure an appropriate level of reserve is held to support the charity into the future.
Going concern
After making appropriate enquiries the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Principal risks and uncertainties
The trustees assess the major risks to which the charitable company is exposed on an ongoing basis, in particular those related to the operations and finances of the charitable company. They are satisfied that systems are in pace to mitigate, wherever possible, their exposure to those risks.
Page 5
PANDAS FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
STRATEGIC REPORT
Future plans
The board plan to continue to work closely with our PANDAS teams and other organisations in the coming years to ensure PANDAS goes from strength to strength enabling us to support more families.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
PANDAS Foundation is a charitable company limited by guarantee incorporated on 15th August 2011.The Company was established under a Memorandum of Association which established the objectives and powers of the charitable company and is governed under its Articles of Association. The liability of members is limited and in the event of the charitable company being wound up members may be required to contribute an amount not exceeding ten pounds. The Directors of the charitable company are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.
Recruitment and appointment of new trustees
The management of the charitable company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. In accordance with the Articles of Association at the Annual General Meeting to be held every year one third of the Board, or if their number is not three or a multiple of three, the number nearest to one-third, shall retire from office. Members may offer themselves for re-election. The members of the Board to retire shall be those who have been longest in office since their last election or appointment.
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PANDAS FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The organisation is governed by its Memorandum and Articles of Association. The Trustees making up the Board are drawn from the community served by the organisation. The Trustees have no pecuniary interest in the company and give their services voluntarily.
Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company 29/10/2021 directors, on ............................................. and signed on the board's behalf by:
................................................................. Ms A Stuart-Mills - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PANDAS FOUNDATION
Independent examiner's report to the trustees of PANDAS Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
C Moelwyn-Williams
C Moelwyn-Williams FCA BSc TCA (Shrewsbury) LLP 4 Claremont Bank Shrewsbury Shropshire SY1 1RW
Date: .....31st October 2021........................................
Page 8
PANDAS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 110,172 Investment income 2 60 Total 110,232 EXPENDITURE ON Charitable activities General 87,977 NET INCOME/(EXPENDITURE) 22,255 RECONCILIATION OF FUNDS Total funds brought forward 94,181 TOTAL FUNDS CARRIED FORWARD 116,436 |
Restricted fund £ - - - 5,000 (5,000) 10,000 5,000 |
2020 Total funds £ 110,172 60 110,232 92,977 17,255 104,181 121,436 |
2019 Total funds £ 139,631 81 139,712 50,845 88,867 15,314 104,181 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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PANDAS FOUNDATION (REGISTERED NUMBER: 07740327)
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020
| Unrestricted funds Notes £ CURRENT ASSETS Debtors 6 - Cash at bank 119,472 119,472 CREDITORS Amounts falling due within one year 7 (3,036) NET CURRENT ASSETS 116,436 TOTAL ASSETS LESS CURRENT LIABILITIES 116,436 NET ASSETS 116,436 FUNDS 8 Unrestricted funds Designated funds Restricted funds TOTAL FUNDS |
Restricted fund £ - 5,000 5,000 - 5,000 5,000 5,000 |
2020 Total funds £ - 124,472 124,472 (3,036) 121,436 121,436 121,436 27,436 89,000 5,000 121,436 |
2019 Total funds £ 79 107,656 107,735 (3,554) 104,181 104,181 104,181 46,181 48,000 10,000 104,181 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
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 ............................................. and were signed on its behalf by: 29/10/2021
............................................. Ms A Stuart-Mills - Trustee
The notes form part of these financial statements
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PANDAS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
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.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
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the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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the requirement of paragraph 33.7.
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.
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.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
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PANDAS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
2. INVESTMENT INCOME
| Deposit account interest | 2020 £ 60 |
2019 £ 81 |
|---|---|---|
3. INDEPENDENT EXAMINERS' REMUNERATION
The Independent Examiners remuneration amounts to an Independent Examination fee of £1,236 (2019: £1,200)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
Trustees expenses of £nil were reimbursed for the year ended 31 December 2020 (2019: £nil)
5.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 124,631 Investment income 81 Total 124,712 EXPENDITURE ON Charitable activities General 50,845 NET INCOME 73,867 Transfers between funds 6,500 Net movement in funds 80,367 RECONCILIATION OF FUNDS Total funds brought forward 13,814 TOTAL FUNDS CARRIED FORWARD 94,181 |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 124,631 Investment income 81 Total 124,712 EXPENDITURE ON Charitable activities General 50,845 NET INCOME 73,867 Transfers between funds 6,500 Net movement in funds 80,367 RECONCILIATION OF FUNDS Total funds brought forward 13,814 TOTAL FUNDS CARRIED FORWARD 94,181 |
Restricted fund £ 15,000 - 15,000 - |
Total funds £ 139,631 81 139,712 50,845 88,867 - 88,867 15,314 104,181 |
|---|---|---|---|
| 73,867 6,500 80,367 13,814 94,181 |
15,000 (6,500) 8,500 1,500 10,000 |
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PANDAS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors |
2020 £ - 2020 £ - 3,036 3,036 |
2019 £ 79 2019 £ 2,354 1,200 3,554 |
|---|---|---|
8. MOVEMENT IN FUNDS
| Net movement At 1.1.20 in funds £ £ Unrestricted funds General fund 46,181 22,255 Designated funds Website fund 18,000 - Continuity fund 15,000 - Infrastructure fund Training fund 5,000 10,000 - - 94,181 22,255 Restricted funds Restricted 10,000 (5,000) TOTAL FUNDS 104,181 17,255 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 110,232 Restricted funds Restricted - TOTAL FUNDS 110,232 |
Transfers between At funds 31.12.20 £ £ (41,000) 27,436 - 18,000 41,000 56,000 - - 5,000 10,000 - 116,436 - 5,000 - 121,436 Resources Movement expended in funds £ £ (87,977) 22,255 (5,000) (5,000) (92,977) 17,255 |
|---|---|
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PANDAS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.1.19 | in funds | funds | 31.12.19 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 13,814 | 73,867 | (41,500) | 46,181 |
| Designated funds | ||||
| Website fund | - | - | 18,000 | 18,000 |
| Continuity fund | - | - | 15,000 | 15,000 |
| Infrastructure fund | - | - | 5,000 | 5,000 |
| Training fund | ||||
| - | - | 10,000 | 10,000 | |
| 13,814 | 73,867 | 6,500 | 94,181 | |
| Restricted funds | ||||
| Restricted | 1,500 | 15,000 | (6,500) | 10,000 |
| TOTAL FUNDS | 15,314 | 88,867 | - | 104,181 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 124,712 15,000 139,712 |
Resources Movement expended in funds £ £ (50,845) 73,867 - 15,000 (50,845) 88,867 |
|---|---|---|
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PANDAS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Website fund Continuity fund Infrastructure fund Training fund Restricted funds Restricted TOTAL FUNDS |
At 1.1.19 £ 13,814 - - - - 13,814 1,500 15,314 |
Net movement in funds £ 96,122 - - - - 96,122 10,000 106,122 |
Transfers between funds £ (82,500) 18,000 56,000 5,000 10,000 6,500 (6,500) - |
At 31.12.20 £ 27,436 18,000 56,000 5,000 10,000 116,436 5,000 121,436 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 234,944 15,000 249,944 |
Resources Movement expended in funds £ £ (138,822) 96,122 (5,000) 10,000 (143,822) 106,122 |
|---|---|---|
During the previous year a restricted fund of £15,000 was received to support the charity over the next 3 years and will be released to unrestricted funds accordingly.
The Trustees designated some funds in the prior year including £18,000 for the website re-launch and re-branding of PANDAS in 2020, a £15,000 continuity fund to include the ongoing salary and support costs for a 6 month period, a £10,000 training fund for anticipated staff, volunteers and consultants during 2020 and a £5,000 fund for the re-building the internal infrastructure.
The COVID pandemic meant that much of this work had to be postponed until 2021 and therefore the Trustees feel it appropriate to continue to hold these designated funds. Furthermore, as the organisation continues to develop it is considered appropriate to increase the continuity fund to more accurately reflect a 4 month running cost for the charity, so this fund has been increased accordingly.
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PANDAS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020 (2019: £Nil)
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