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2020-12-31-accounts

Ambition Lawrence Weston FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER 2020

Charity Number 1152237 Company Registration Number 08179331

AMBITION LAWRENCE WESTON

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

CONTENTS PAGE
Legal and Administrative Information 2
Trustees annual report 3 to 6
Independent Examiner’s Report 7
Statement of financial activities 8
Balance sheet 9
Notes to the Accounts 10 to 18

- 1 -

AMBITION LAWRENCE WESTON

REFERENCE AND ADMINISTRATION

YEAR ENDED 31 DECEMBER 2020

Status

Ambition Lawrence Weston is a company limited by guarantee (registration number 08179331) and granted charitable status by the Charity Commission under number 1152237.

Directors Date of appointment

Norman Routledge (Chairman) 11 April 2013 Waltraud Popischil 14 August 2012 Stephen Hall 12 September 2012 Jamie Siggers 20 May 2013 Katrina Booker 06 January 2014 Jackie Crouch 15 July 2014 Birgit Thornhill 01 October 2015 Amy Smith 07 September 2017 Tim Leaman 31 August 2017 Jordan Hudd 22 September 2018

Director Resignations Date of Resignation

Aisling Bennett 20 May 2021 Michael Crouch 09 August 2021

Company Secretary

Mark Pepper

Registered address

Ambition Lawrence Weston, c/o Lawrence Weston Youth Centre, Long Cross, Lawrence Weston, Bristol BS11 ORX.

Bankers

Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB

Independent Examiner

Joanne Trowbridge MAAT Bristol Community Accountants CIC The Park, Daventry Road, Knowle Bristol BS4 1DQ

- 2 -

AMBITION LAWRENCE WESTON

TRUSTEES REPORT

YEAR ENDED 31 DECEMBER 2020

_____________

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.

Structure, Governance and Management

The charity is constituted as a company limited by guarantee, incorporated on 14th August 2012, registered under the Companies Acts (registration number 08179331) and its governing document is a Memorandum and Articles of Association. It was granted charitable status by the Charity Commission under number 1152237.

At present the Charity is over seen by 10 trustees, with a majority of these being local residents.

We recruit new trustees as and when the Charity’s needs and demands require. We do this through advertising in our local newsletter, via our social media platforms and website, and though third party VCS organisations, such as “Voscur” and “Locality”, and via our city wide business links. We then interview candidates to ensure they hold the correct skills, knowledge and experience to bring value to the board and the charity’s overall aims.

Directors

The company is a registered charity and the Directors of the company are also charity trustees for the purposes of charity law. The directors are listed on page 2.

Board meetings are held once every six weeks.

Policies

The Directors have agreed policies covering the following areas:

- 3 -

AMBITION LAWRENCE WESTON

TRUSTEES REPORT

YEAR ENDED 31 DECEMBER 2020

_____________

Objectives

The company’s objective is the promotion of urban regeneration in the Lawrence Weston area in the City of Bristol.

Public benefit

In shaping the objectives for the year and planning activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Trustees’ statement

The company was registered on 14th August 2012.

It was established to provide Lawrence Weston with a body to actively promote its regeneration and to act as a co-ordinating body for other voluntary organisations with the same objective.

The twelve months since its last report and financial statements has seen a need to change our intended service delivery due to the impact caused by the pandemic.

The main changes have been the suspension of all group and face to face activities and other works.

Our activities for the year have mainly been focused on delivering resident pandemic support that has included:

In addition to the above Pandemic response activities, we have also:

- 4 -

AMBITION LAWRENCE WESTON

TRUSTEES REPORT

YEAR ENDED 31 DECEMBER 2020

_____________

Financial review

The result for the period is a surplus of £61,800. (2019: deficit of £67,295)

Reserves

Total reserves are £413,263 comprising unrestricted funds of £58,184 and restricted funds of £355,079.

Going Concern

Prior to these account’s being signed off by our Board of Trustees, we have been affected by the Covid 19 pandemic. As a result, the charity, following conversations and agreements with funders, stakeholders, and local residents has needed to change its operating procedures and activities. The charity is now delivering Covid 19 support to our beneficiaries/ residents and some other deliveries have now temporarily ceased.

The Covid 19 restrictions have had a negative impact on the charity’s trading income generated from building space and room hire. However:

As such we envisage no significant financial impact from Covid 19. None of our assets have or will be significantly adversely affected, and therefore the trustees state that there is no material uncertainty about the charity’s ability to continue for the foreseeable future.

Trustees’ responsibilities in relation to the financial statements

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small company’s regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

- 5 -

AMBITION LAWRENCE WESTON

TRUSTEES REPORT

YEAR ENDED 31 DECEMBER 2020

_____________

Signed on behalf of the charity’s trustees/directors:

Date…….………....…..

……………………………………………………………..……….

Norman Routledge

- 6 -

AMBITION LAWRENCE WESTON

Independent Examiner’s Report to the Trustees

YEAR ENDED 31 DECEMBER 2020

_____________

I report to the charity trustees on my examination of the accounts of Ambition Lawrence Weston for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, and the related notes.

Responsibilities and basis of report

As the trustees (and also 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 charity 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

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Accounting Technicians (MAAT).

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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.

Joanne Trowbridge MAAT ………………………………………… Bristol Community Accountants CIC The Park, Daventry Road, Knowle Bristol BS4 1DQ Date .................................................

- 7 -

AMBITION LAWRENCE WESTON

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

YEAR ENDED 31 DECEMBER 2020

Note
Income and Endowments From:
Donations and Legacies
Charitable Activities:
Grants and contracts
Other Trading Activities
Other
Total
Expenditure On:
Charitable activities
3
Other
Total
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of Funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
157
27,802
8,546
825		 Restricted
Funds
£
3,000
227,694
12,410
1,978		 Total Funds
2020
£
3,157
255,496
20,956
2,803		 Total Funds
2019
£
-
317,304
28,431
110
37,330 245,082 282,412 345,845
14,017
1,067		 205,528
-		 219,545
1,067		 277,507
1,043
15,084 205,528 220,612 278,550
22,246
-		 39,554
-		 61,800
-		 67,295
-
22,246
35,938		 39,554
315,525		 61,800
351,463		 67,295
284,168
58,184 355,079 413,263 351,463

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing

As required by paragraph 4.67 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

Details of the allocation of 2019 total funds between unrestricted and restricted are shown in note 14

The notes on pages 10 to 18 form part of these financial statements

- 8-

AMBITION LAWRENCE WESTON

BALANCE SHEET

YEAR ENDED 31 DECEMBER 2020

Note
Current assets
Debtors
6
Cash at bank and in hand
Total current assets
Creditors : Amounts falling
due within one year
7
Net Current assists or liabilities
Total net assets or liabilities
The Funds of The Charity
8
Restricted funds
Unrestricted funds		 2020
£
3,386
425,261		 2019
£
3,900
365,187
428,647
(15,384)		 369,087
(17,624)
413,263 351,463
413,263 351,463
355,079
58,184		 315,525
35,938
413,263 351,463

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements were approved by the trustees on the ….................................. and are signed on their behalf by:

………………………………. ……………………………….

Norman Routledge

Stephen Hall

The notes on pages 10 to 18 form part of these financial statements

- 9 -

NOTES TO THE FINANCIAL STATEMENTS

AMBITION LAWRENCE WESTON

YEAR ENDED 31 DECEMBER 2020

1 Accounting Policies

Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds

Designated funds

Restricted funds

These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

These are unrestricted funds earmarked by the trustees for particular purposes.

These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of income

Income with related expenditure

Donations and legacies

Tax reclaims on donations and gifts Donated services and facilities

Volunteer help

Investment income

Gains/(losses) on revaluation of fixed assets

Gains/(losses) on investment assets

Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Where income has related expenditure the income and related expenditure is reported gross in the SoFA.

Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates.

These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.

The value of any volunteer help received is not included in the accounts.

This is included in the accounts when receivable.

This includes any gain or loss resulting from revaluing investments to market value at the end of the year.

This includes any gain or loss on the sale of investments.

- 10 -

AMBITION LAWRENCE WESTON NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

Expenditure

Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising funds These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. Expenditure on charitable activities These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Trade and other 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term creditors are measured at the transaction price. Other 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.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

- 11 -

AMBITION LAWRENCE WESTON NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Expenditure on:

3 Resources expended

Consultancy
Grants Issued
Events
Hub
Volunteer Expenses
Return of unspent grants
Marketing & Communication:
Newsletter
Media & Communications
Recruitment
Staff Costs:
Wages & NI General
Pensions
Internships
Employer's Allowance
Staff Travel
Premise Expenses:
Rent & Rates
Maintenance Expense
Telephone & Broadband
Utilities
Alarms & Security
Office & Admin
Other Expenses:
Printing, Stationery & Postage
IT Supplies
Insurance
Organisational Training
Professional Fees
Subscriptions
Bank Charges
Other Costs
Admin fee reclaimed		 Charitable
Activities
£
39,384
33,215
4,260
-
2,462
-
1,379
165
-
113,929
3,849
-
(4,000)
866
96
7,505
233
3,254
-
107
626
-
1,585
-
1,194
616
183
91
8,546		 Other
Costs
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,067
-
-
-
-		 Total Funds
2020
£
39,384
33,215
4,260
-
2,462
-
1,379
165
-
113,929
3,849
-
(4,000)
866
96
7,505
233
3,254
-
107
626
-
1,585
-
2,261
616
183
91
8,546		 Total Funds
2019
£
88,066
12,813
16,267
-
493
1,497
5,686
427
42
120,545
3,511
-
(3,000)
964
1,376
3,797
1,274
3,635
551
4,624
233
-
1,529
-
2,041
358
196
4,325
7,300
219,545 1,067 220,612 278,550

- 12 -

NOTES TO THE FINANCIAL STATEMENTS

AMBITION LAWRENCE WESTON

YEAR ENDED 31 DECEMBER 2020

4 Net income for the year

This is stated after charging:

Independent Examiner's Fees
Year End Accountancy Services
Staff costs and numbers
The aggregate payroll costs were:
Wages and salaries
Social security costs
Pensions		 2020
£
479
588		 2019
£
455
588
1,067 1,043
2020
£
103,759
6,170
3,849		 2019
£
109,784
7,761
3,511
113,778 121,056

5 Staff costs and numbers

No employee received emoluments of more than £60,000.

The average monthly head count was 4 staff (2019: 5 staff)

Total employee benefits paid to key management personnel during the year were £52,174 (2019: £53,429)

6 Debtors

Trade Debtors
Other Debtors
Creditors: amounts falling due within one year
Trade and other Creditors
Tax and National Insurance
Accruals		 2020
£
2,811
575		 2019
£
2,980
920
3,386 3,900
2020
£
11,871
2,446
1,067		 2019
£
10,681
5,900
1,043
15,384 17,624

7 Creditors: amounts falling due within one year

- 13 -

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

8
Movement in funds
At
01-Jan
Income
2020
Restricted funds
£
£
Big Local Trust
42,985
163,748
BCC Hub
6,818
250
BCC Hub Equipment
9,150
6,112
Energy
2,300
-
BCC Public Health
4,354
-
On Your Doorstep
2,507
310
L'Dub Arts Club
3,350
-
Community Land Trust
3,272
-
Big Lottery: Power to change
153,800
-
CLHD - Community Lead Housing Devel
5,014
-
Youth Centre
5,758
13,207
Transition Portishead Internship
789
-
Hub Research Project
600
-
CLHD - Power to change
25,251
-
Mancroft Park
250
-
BMX Track
42,311
-
Can Do Bristol
6,000
(6,000)
Space 4 Makers
194
-
Ward Meetings
150
150
Dolphin Society
300
-
LW in Bloom
372
-
BYCA
-
9,000
Future Parks
-
2,000
BCC Emergency Payments
-
33,000
St Monica's Trust
-
1,000
Men in sheds
-
3,500
Bristol Green Capital
-
3,761
In This Together
-
750
In Between Time
-
4,056
Hardship Fund
-
110
Covid 19
-
10,128
315,525
245,082
Unrestricted funds
General fund
35,938
37,330
35,938
37,330
Total funds
351,463
282,412		 8
Movement in funds
At
01-Jan
Income
2020
Restricted funds
£
£
Big Local Trust
42,985
163,748
BCC Hub
6,818
250
BCC Hub Equipment
9,150
6,112
Energy
2,300
-
BCC Public Health
4,354
-
On Your Doorstep
2,507
310
L'Dub Arts Club
3,350
-
Community Land Trust
3,272
-
Big Lottery: Power to change
153,800
-
CLHD - Community Lead Housing Devel
5,014
-
Youth Centre
5,758
13,207
Transition Portishead Internship
789
-
Hub Research Project
600
-
CLHD - Power to change
25,251
-
Mancroft Park
250
-
BMX Track
42,311
-
Can Do Bristol
6,000
(6,000)
Space 4 Makers
194
-
Ward Meetings
150
150
Dolphin Society
300
-
LW in Bloom
372
-
BYCA
-
9,000
Future Parks
-
2,000
BCC Emergency Payments
-
33,000
St Monica's Trust
-
1,000
Men in sheds
-
3,500
Bristol Green Capital
-
3,761
In This Together
-
750
In Between Time
-
4,056
Hardship Fund
-
110
Covid 19
-
10,128
315,525
245,082
Unrestricted funds
General fund
35,938
37,330
35,938
37,330
Total funds
351,463
282,412		 8
Movement in funds
At
01-Jan
Income
2020
Restricted funds
£
£
Big Local Trust
42,985
163,748
BCC Hub
6,818
250
BCC Hub Equipment
9,150
6,112
Energy
2,300
-
BCC Public Health
4,354
-
On Your Doorstep
2,507
310
L'Dub Arts Club
3,350
-
Community Land Trust
3,272
-
Big Lottery: Power to change
153,800
-
CLHD - Community Lead Housing Devel
5,014
-
Youth Centre
5,758
13,207
Transition Portishead Internship
789
-
Hub Research Project
600
-
CLHD - Power to change
25,251
-
Mancroft Park
250
-
BMX Track
42,311
-
Can Do Bristol
6,000
(6,000)
Space 4 Makers
194
-
Ward Meetings
150
150
Dolphin Society
300
-
LW in Bloom
372
-
BYCA
-
9,000
Future Parks
-
2,000
BCC Emergency Payments
-
33,000
St Monica's Trust
-
1,000
Men in sheds
-
3,500
Bristol Green Capital
-
3,761
In This Together
-
750
In Between Time
-
4,056
Hardship Fund
-
110
Covid 19
-
10,128
315,525
245,082
Unrestricted funds
General fund
35,938
37,330
35,938
37,330
Total funds
351,463
282,412		 Expenditure
£
(106,175)
(5,968)
-
-
-
-
-
-
(23,505)
-
(12,644)
-
-
(12,597)
-
(3,193)
-
-
(79)
-
(379)
(9,567)
-
(23,477)
(247)
(3,021)
-
-
-
-
(4,676)		 Transfers
£
(7)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7
-
-
-
-
-
-
-
-
-
-		 At
31-Dec
2020
£
100,551
1,100
15,262
2,300
4,354
2,817
3,350
3,272
130,295
5,014
6,321
789
600
12,654
250
39,118
-
194
221
300
-
(567)
2,000
9,523
753
479
3,761
750
4,056
110
5,452
315,525 245,082 (205,528) - 355,079
35,938 37,330 (15,084) - 58,184
35,938 37,330 (15,084) - 58,184
351,463 282,412 (220,612) - 413,263

The Can Do Bristol grant was returned in the year.

The BYCA fund is in deficit as a result of service delivery we carried out around family activities and trips to be paid for by a third party organisation. This organisation and all its staff were furloughed due to Covid 19. As a result no transaction or payments were able to be made in this year by them. These outstanding payments were received in 2021.

- 14 -

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

Fund Purpose Big Local Trust funding to enable delivery of our BL plan Power to change-solar farm to enable us to deliver our community plan BCC Hub IT equipment For IT Equipment for when the Hub is Built BCC BMX Track for building works to the BMX Track BCC Can Do Bristol to facilitate volunteer IT platform BCC Space4makers to build and develop a website Big Lottery Fund (Christmas) this is restricted to the community Christmas event. Money is from raised donations throughout the year Dolphin society funding towards research relating to the community hub In Between Time restricted for activities relating to our Inbetween contract, this money is not restricted on how we use it as long as it relates to staff time and activities around art LW in Bloom to use the money how we see fit as long as it is for activities relating to Lawrence Weston in Bloom (part of Britain in Bloom) Quartet The Mall to provide summer trips to residents as part of the holiday hunger programme Quartet BYCA to provide summer activities for young people as part of the holiday hunger project CLHD Homes England for planning to get to building stage CLHD Power To Change for planning to get to building stage BCC Future Parks Providing community engagement and development work to build an understanding of how residents would like to take action in their local Green space/Park and promote opportunities for involvement through the Bristol Future Parks Project. BCC Emergency Payments Grant given to issue individual grants to support for those affected by Covid 19 St Monica's Trust Winter Support Fund - to provide xmas lunches to 50 older people in LW Men in sheds Set up and running cost of peer support project Bristol Green Capital Climate action plan development costs In This Together Older peoples winter support fund In Between Time Delivery costs for arts project Hardship Fund Access costs to training for young people Covid 19 Residents support fund for people affected by Covid 19

9 Analysis of net assets between funds

Current assets
Current Liabilities
Net assets at 31 December 2020		 General
Funds
£
73,568
(15,384)		 Designated
Funds
£
-
-		 Restricted
Funds
£
355,079
-		 Total
Funds
£
428,647
(15,384)
58,184 - 355,079 413,263

10 Trustee expenses

The charity's trustees were not paid or received any other benefits from employment with the charity in the year During the year, Stephen Hall (Trustee) received £97.50 (2019: £606) in respect of services provided to ALW.

- 15 -

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

11 Company limited by guarantee

The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252

13 Related party transactions

Other than disclosed in note 10, no other trustees received remuneration or benefits.

Ambition Lawrence Weston is a corporate director of Ambition Community Energy CIC (Co No: 11294351). It is also the relevant legal entity with significant control of Ambition Community Energy CIC.

Trustees of Ambition Lawrence Weston who are also directors of Ambition Community Energy CIC are: Norman Routledge

Mark Pepper is an employee and company secretary of Ambition Lawrence Weston and a director and company secretary of Ambition Community Energy CIC.

Ambition Lawrence Weston incurred expenses of £0 (2019: £273.60) in 2020 on behalf of Ambition Community Energy CIC. The 2019 expenses were repaid in full on 10th December 2019.

Throughout the year, the charity has paid £2,765 (2019: £1,250) to PSA Finance UK, for personal car finance lease for Mark Pepper which Mark has reimbursed to the charity. At year end there was an amount outstanding to the charity of £575 (2019: £920).

- 16 -

AMBITION LAWRENCE WESTON NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

14 Analysis of prior year funds, as required by paragraph 4.2. of the SORP

Income and Endowments From:
Donations and Legacies
TRUE
Charitable Activities
TRUE
Other Trading Actives
TRUE
Other
TRUE
Total
Expenditure On:
Charitable Activities
TRUE
Other
TRUE
Total
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of Funds:
Total funds brought forward
TRUE
Total funds carried forward		 Prior Year
Unrestricted
Funds
2019
£
-
17,026
8,563
110		 Prior Year
Restricted
Funds
2019
£
-
300,278
19,868
-		 Prior Year
Total
Funds
2019
£
-
317,304
28,431
110
25,699 320,146 345,845
9,340
1,043		 268,167
-		 277,507
1,043
10,383 268,167 278,550
15,316
-		 51,979
-		 67,295
-
15,316
20,622		 51,979
263,546		 67,295
284,168
35,938 315,525 351,463

- 17 -

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

15 Prior year fund movements
At
01-Jan
Income
2019
£
£
Restricted funds
Big Local Trust
37,831
146,000
BCC Hub
15,571
-
BCC Hub Equipment
-
15,000
Energy
2,300
-
BCC Public Health
4,554
-
On Your Doorstep
2,327
630
L'Dub Arts Club
3,350
-
Community Land Trust
4,659
-
Big Lottery: Power to change
153,800
-
CLHD - Community Lead Housing Devel
35,442
-
Youth Centre
9,406
19,868
Transition Portishead Internship
789
-
Hub Research Project
600
-
Quartet Arts Club
1,522
-
CLHD - Power to change
(8,855)
32,500
Mancroft Park
250
-
BMX Track
-
50,000
Can Do Bristol
-
6,000
Space 4 Makers
-
500
Ward Meetings
-
600
Homes England
-
46,000
Dolphin Society
-
300
LW in Bloom
-
500
BYCA
-
1,398
The Mall Family Trips
-
850
263,546
320,146
Unrestricted funds
General fund
20,622
25,699
20,622
25,699
Total funds
284,168
345,845		 15 Prior year fund movements
At
01-Jan
Income
2019
£
£
Restricted funds
Big Local Trust
37,831
146,000
BCC Hub
15,571
-
BCC Hub Equipment
-
15,000
Energy
2,300
-
BCC Public Health
4,554
-
On Your Doorstep
2,327
630
L'Dub Arts Club
3,350
-
Community Land Trust
4,659
-
Big Lottery: Power to change
153,800
-
CLHD - Community Lead Housing Devel
35,442
-
Youth Centre
9,406
19,868
Transition Portishead Internship
789
-
Hub Research Project
600
-
Quartet Arts Club
1,522
-
CLHD - Power to change
(8,855)
32,500
Mancroft Park
250
-
BMX Track
-
50,000
Can Do Bristol
-
6,000
Space 4 Makers
-
500
Ward Meetings
-
600
Homes England
-
46,000
Dolphin Society
-
300
LW in Bloom
-
500
BYCA
-
1,398
The Mall Family Trips
-
850
263,546
320,146
Unrestricted funds
General fund
20,622
25,699
20,622
25,699
Total funds
284,168
345,845		 15 Prior year fund movements
At
01-Jan
Income
2019
£
£
Restricted funds
Big Local Trust
37,831
146,000
BCC Hub
15,571
-
BCC Hub Equipment
-
15,000
Energy
2,300
-
BCC Public Health
4,554
-
On Your Doorstep
2,327
630
L'Dub Arts Club
3,350
-
Community Land Trust
4,659
-
Big Lottery: Power to change
153,800
-
CLHD - Community Lead Housing Devel
35,442
-
Youth Centre
9,406
19,868
Transition Portishead Internship
789
-
Hub Research Project
600
-
Quartet Arts Club
1,522
-
CLHD - Power to change
(8,855)
32,500
Mancroft Park
250
-
BMX Track
-
50,000
Can Do Bristol
-
6,000
Space 4 Makers
-
500
Ward Meetings
-
600
Homes England
-
46,000
Dolphin Society
-
300
LW in Bloom
-
500
BYCA
-
1,398
The Mall Family Trips
-
850
263,546
320,146
Unrestricted funds
General fund
20,622
25,699
20,622
25,699
Total funds
284,168
345,845		 Expenditure
£
(140,846)
(8,753)
(5,850)
-
(200)
(450)
-
(1,387)
-
(30,428)
(23,516)
-
-
(1,522)
-
-
(7,689)
-
(306)
(450)
(44,394)
-
(128)
(1,398)
(850)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
1,606
-
-
-
-
-
(1,606)
-
-
-
-		 At
31-Dec
2019
£
42,985
6,818
9,150
2,300
4,354
2,507
3,350
3,272
153,800
5,014
5,758
789
600
-
25,251
250
42,311
6,000
194
150
-
300
372
-
-
263,546 320,146 (268,167) - 315,525
20,622 25,699 (10,383) - 35,938
20,622 25,699 (10,383) - 35,938
284,168 345,845 (278,550) - 351,463

The transfer of £1,606 relates to a single supplier invoice that was allocated to the wrong fund in Dec 2018

- 18 -