# **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:
- Register of Trustees Interests
- Trustee Code of Conduct
- Safeguarding vulnerable adults
- Child protection
- Finance:
- Purchasing and procurement
- Expenses
- Revenue
- Reserves
- Card transactions
- Bank receipts and reconciliations
- Fixed Assets
- Fraud.
- Recruitment
- Employment
- Capability
- Equalities and Diversity
- Risk assessment
- Grievance
- Data protection/General Data Protection Regulation
__________________________________________________________________________________________
**- 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:
- Delivering a shopping service to residents that were vulnerable or needing to home isolate.
- Pick up and drop off of resident’s medical prescriptions.
- Support resident volunteers to fundraise and deliver food parcels to the most vulnerable.
- To manage and be accountable for various private companies, local authority and government grants to deliver financial support to vulnerable residents
- Supported the delivery of over 800 food parcels.
- Acting as a Community Hub for the local authorities Covid response programme.
In addition to the above Pandemic response activities, we have also:
- Continued to progress our Community Led Housing project. Planning application decision due in November 2021
- Continued to progress our Community Owned Wind Turbine project
- Continued to re design and secure funding for a new stand-alone Community Hub
- Delivered Holiday Hunger/family trips scheme
- Commissioned several contracts and consultants with the relevant skills and experience to support us in our work.
- Continued to manage the £1 million of funding from the Big Local Lottery Trust.
__________________________________________________________________________________________
**- 4 -**
## **AMBITION LAWRENCE WESTON**
## **TRUSTEES REPORT**
## **YEAR ENDED 31 DECEMBER 2020**
## **_________________________________________________________________________**
- Continued to produce and maintain our own website www.ambitionlw.org and social media profiles.
- Raised additional funding for various projects/work.
- Facilitated the ALW Network Group, a meeting that brings all service providers together to inform them of our resident’s needs and wants and facilitate a joined up approach to service delivery.
- Continue to Influence many developments through the facilitation of the Lawrence Weston Planning forum via the Lawrence Weston Neighbourhood development Plan
## **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:
- We have secured income from grants from charities, trusts and businesses; and
- Our overheads, salaries and other operating costs are already secured from external grant funding.
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:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or • the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under 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 Charities SORP (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.
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 -**