Charity registration number.. 1152621 Project Seventeen Annual Report and Financial Statements flir the Year Ended 31 March 2022
Project Seventeen Contents Reference and Administrative Details Trustees, Report 2to5 Independent Examiner's Report Statement of Financial Activities 7t08 Balance Sheet Notes to the Financial Statements Ioto 18
Project Seventeen Refer¢n¢¢ and Administrative D¢t#ils Tru5t¢es Kamena Dorling, Chair Timothy Bull. Treasurer Rebecca Aoude Elizabeth Fry Clare Jennings Ruvimbo Mutyambizi Gwaw'r Thomas Senior Management Team Abigail Brunswick, Director Principal Office St Joseph's Hospice Mare Street London E8 4SA Charity Registration Number 1152621 Independent Examiner Johii O'Brien, employee of Cominuiiity Accoiiiiting Plus Units l & 2 North West 41 Talbot StTeet Nottin(Tham NGI 5GL Page I
Project Seventeen Trust¢¢s' Report The trL15tee5 present the aniiual report together M'ith the financial ststeTneJits of the charity for the year ended i I March 2022. Trustees and officers The trustees and officers serving during the year and sin¢e the year end were as follom's.. Trustees.. Kamena Dorling, Chair Timothy Bull, Treasurer Rebecca Aollde Elizabeth Fry Clare Jennings Ruviinbo Mutyambizi (appointed 22 May 20211 Gwawr Thomas Assiatu Jalloh {resigned 30 June 2022) Caroline Lubale-Balube (resigned 30 June 20221 Objectives and activities Objects. uims The relief of financial hardship amongst migrants with no retourse to public funds living in the UK by the provision of free advice and assistance to such persoiis. For the public beiiefit to advance education of the public in the needs of migraiits with iio recourse io public I'unds by providing traiiiing and advice to other relevant agencies. Ohje¢tives, .flrulegies ftnduclivilies Advice and advocacy.. working dirertly with families with no recourse to piiblic funds to improve a¢cess to accommodation and financial support under section 17 of the Children Act 1989 and related support. Capacity building.. working with organisations to improve their ability to work with families with no recourse to public funds. This iiiclude5 training, telephone advice for professionals,. and online resources. Systernic change.. addressing 5ySternic problems with the iinplementation of Section 17 support aiid other issues affecting people w'ith i)0 reeourse to public funds. Activities include engaging with local and national govemment, campaigns and litigatioi). Public benefil g) Reducing homelesslless and destiiution among migrant families with no recourse to public fiinds. b) Increasinq awareness of rights and entitlements among individuals, professionals and the wider public. c) Improving the implementation of support for migrant families with no recourse to public funds. d) Improving piiblic awareness of the issues facing families with no recourse to public funds. The trustees confimi that they have coinplied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidai)te published by the Charity Commission for Englai)d and Wales. Page 2
Project Seventeen Trust¢¢s' Report Aehicvcmcnts and performance Advicc and advaca¢y'. We worked with 396 families, including ?05 new clients. 310/0 had limited leave to remain with no re¢ourse to publi¢ funds and 530/0 l'¢re undocum¢nt¢d. 92010 of our clients wer¢ women, gnd 7 10/0 were lon¢ parents. We worked with clients froTll 60 different countries. 440/0 were Nigeriaii and 140/0 were Ghanaian. 660/0 of our clients lived ii) Lot]don, with larger numlKrs in Southeast and East London. si /0 of clients had tried to access support under s.17 before they approached us, and 73Q/D of those had beei) iefused. Families who had been tumed away froin social seivices experienced a wide rangt of problems, including inadequate housing and homelessness, not having enough money. domestic abuse. thieats to safety and exploitation. Project 17 supported 61Q/o of families to request support fn)m local authorities under s.17. Of these, 85Q/o accessed subsistence support and 83°/o accessed accommodation. We issued 247 food bank vouchers. 43 /0 received a payment from our destitution fund and 30% received a grani. 4 /0 accessed our Hoiel Fund. We asked for feedback from 30 clients. 97/0 said Projeci helped improve their situation, and IOO/o betier understood their opiions after working with us. One client said.. '[ would say they made a huge difference in my life. I was homeless with my 4 year old. Project 17 was a lifeline for us. Aix)ve all they told me about my rights, where everyone else told me that I have no rights." Capacity building.. We delivered 24 trdining sesSlOllS to 489 participants. IOOO/o rated the training excellent or good (8OQ/o excellent, 200/0 good) 900/0 say their knowledge has improved since trdining (the other IOO/o rated their knowledge as on same l¢vel after trdining) 940/0 Say it was useful or extremely use7 to their role 95Q/o said they '¢re more confident 111 5UPPOrting families with NRPF {either through knowing siipport options, mak'ijig s17 refeTrals or challenging refusa15) Feedback included.. "The trdining was one of the best training I have ever attended. Excellent." 'A fantastic, engaging sessioi) and a very knowledgeable trainer" 'Can coiifidently say it-s the best zoom traii)ing I've ever had. It's made me feel a lot more confident about doii)g these Lases in future. Thanks go muchl" This year we reviewed and updated all our online resources. We also develliped a number of new factsheets. Page 3
Project Seventeen Trust¢¢s' Report We responded to 331 qiierie5 on our advice line. We collected feedback from 34 callers. 94Q/o said they found the advice help1. Feedback included.. 'You gFave me confidence to act oil behalf of faTnilie5 who Iieed support. 'KnowledgFeable and thorough ai)swers. "Talked me throu¥Fh step by step and with differeiit outcomes" "Working with people with NRPF where a lot of doors get c105ed, Project 17 was a ray of lightlll Strategic work.. We siipported strategic litigation that extended healthy start vouchers to most families with NRPF and provided witness evidence to support a .judicial review that successfullv extended the European Settleinent scheme to parentg of British children. We provided evidence to consultations 01) the future of social care. the DWP'S review into NRPF. and the extension of early nursery places. which has led to some positive recommendations, some of which have already been adopted (e.g. Ihe permanent extension of free school meals to all children in NRPF households). We worked with a group fornier clienis interested building solidarity and creating social change. There are now 60 group members. They meet weekly and have identified iheir own policy priorities and work plan. which we support and facili[a. Financial revie While income decreased compared to the prior year, Projeci 17's finances remained resilient and continued to support the chariry's gromth despite the challenges presented by the continuation of the COVID-19 pgndemic and the economic environment. Totsl income for the year was £340,508 compared to £408.851 in the year ended 31 March 2021, whilst total expenditure for the year was £342,41) compared to £248,835. Overall, this resiilied in a net expense of £1,905 for the year, compared to net income of £160,016 for Ihe year ended 31 March 2021. Looking ahead. we 117 continue to closely monitor our financial position in light of the prevailing inflationary environment. We are conscious of the potential impact this may have on the wider funding pool, particularly in the contcxt of recent years when additional disbursements may have beeii made due to the COVID-19 PEdeMiC such that the scope for additional funding may be limited. Poliry oll reserves Project 17's reserve policj staS thai unrestricted funds, which have noi been designaied lor a specific use. should be mainiained at a level equivaleni to three to six months ol. expendiiure. At this level the Trustees feel the reserves appropriatel). support Project 17's resilience against the key financial risks facing the organization. being the unforeseen loss of funding or incurring unforeseen expenditure, and are sufficient to cover associated expenditure commitments were Project 17 to be wound dliwn. The reserves policy is revieM'ed by the frustees on a regular basis, at least once a year. At 31 March 2022. reserves were £148.?66, equivalent tl) L)ver four months of Project 17's totsl budgeted expendityre for the following financial year. Strueture, govermanee and management 'alure olgoverning do¢umenl The charity is operated und¢r the rules of its constitution adopted l 8th May 2013. Page 4
Project Seventeen Trust¢¢s' Report Recruilmenl pPOintMeNt uftrustees Advertj5in¥ online (our website, public forum5. Social media) and approaching people directly. Poteiitial trustees submit a CV and covering letter that are reviewed by all ttlJ5tees. The Chair and Director hold ali infoTmal intervieiv. Potei)tial trustees sit iii 01) part of a Board meeting. . New trustees are voted onto the Board. Statement of Trusle¢5' Responsibilities The irusiees are responsible lor preparing the trustees, report and the financial ststenients in accordance with the United Kingdom Accounting Siandards (United Kingdom Geneially Accepted Accounting Praeticel and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial ststemenis for each financial year M,hich give a true and fair view of the slate of affairs of the charity gnd of the incoming resources and application of resouwes of the charity for that period. In preparing these financial ststements. the trustees are required to.. select suitable accounting policies ai)d then apply thein consistently,. observe the methods and principles in ihe Charities SORP; make jiidgements and estimates that are reasonable and pdent. state whethei applicable acLOUlltin¥ standards l)ave beeli followed, subject to any material departures disclosed and explained in ihe Iinancial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in biisiness. The trustees are responsible for keeping proper accountingy records that di5c105e with reasonable accuracy at any time the finai)cial position of the charity and enable thetn to ensure that the fii)ancial stateineiits comply with the Charities Act 201 I, the applicable Charitie5 (Account5 and Report5) Regyulations, and the provisions of the constitution. The trustees are also responsible for safegFuardin¥ the a5set5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 2611112022 The annual report was approved by the trllstees of the charity on .................... and signed on its behalf by.. Kamena Dorling Trustee Page 5
Project Seventeen Independ¢nt Examiner's Report to the trust¢¢s of Project Seventeen Independent examiner's report to the tru5tee5 of Project Sei'enteen I report to the tru5tee5 on Iny exatnination of the accounts of Project Seventeen (the Charity) for the year ended 31 March 2022. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'l. I report in respeci of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5Xb) of the Act. Independent examiner's 51atement Since the Cliarity s gross incon)e exceeded £250,000 your examiner must be a member of a body listed in 5eLtion 145 of the 201 I ALt. I coiifinn that l ain qualified to uiidertake the examinatioii because l am a member nd Fellow of the Associdtioii of Charity Indepeiideiit Examiner5, wl)iLh is oiie of the listed bodies. I l)ave Lompleted my examination. I confiTm that no matters l)ave come to iny attention in coiinection with the examiiiation giving me cause to believe that in any inaterial respect.. l. accounting records were not kept in respect of the Charity as required by section 130 of the Acr,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accouiiting requirements conceming the forni and content of accounts set out in the Charities {Accounts and Reports) Regulatioi)s 2008 other than any requirement that the accounts give a 'true and fail view which is not a Inatter considered as part of ali independent examination. I have no concerns and have come across no other rnatters in connection with the examination to which attentiL)n should be dra1 in this report in order to ¢nahle a prapcr iinderstaiiding of the accounts to be reached. John O'Briei) Msc, FCCA. FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Ii)dependent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Date.. 0511212022 Page 6
Project Seventeen St#t¢m¢nt of Finan¢ial Activities for the Year Ended 31 March 2022 Total 2022 Total 2021 Unrestricted Restricted Note Income and Endowments fro. Donations and legacies Charitable activities 63,431 232 63,431 277,077 276,845 316,214 Total Income 63,663 276.845 i40,508 408,851 Expenditure on.. Charitable activities (35,634) (306.7791 (342.4131 (248.835} Total Expenditure (i5,634) (i06.7791 (342.4131 (248.8i5} Net movemei)t in funds 28,029 (29,934) (1,905} 160,016 Reeoneiliation of funds Total funds brought forward 120 ?37 239,932 J60,169 200,15i Total funds catTied forward 13 148,266 209.998 358,264 360,169 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in iiote 13. The notes on pages 10 to 18 form an integral part of these financial statements. Page 7
Project Seventeen St#t¢m¢nt of Finan¢ial Activities for the Year Ended 31 March 2022 These are the figur¢5 for the previou5 accounting period and are included for Comparative purposes Total 2021 Unrestricted Restricted Note Income and Endowments from: Donatioiis and legacies Charitable activities 9?.637 1,272 314,942 316,214 Total Income 93,909 314,942 408,851 Expenditure on: Charitable activities (34,773) (214,0621 (?48,835} Total Expenditure (34,773) (214,0621 {248,835} Net movement in funds 59,136 100,880 160,016 Reconciliation of funds Total funds brought fonward 61.101 139,052 200,153 Total funds carried forward 13 l?0 ?J7 239,9J2 i60,169 The notes on pages 10 to 18 form an integral part of these financial statements. Page 8
Project Seventeen (Registration number: 1152621} Balanee Sheel as at 31 Mareh 2022 2022 2021 Note Current assets Debtors Cash at bank and in hand 5,305 i69.086 2,257 359,112 10 374,391 361,369 Creditors: Amounts falling due within one year 16,127 11,200 Net assets J58 ?64 i60,169 Funds of the charity: Restricted incorne funds Restricted funds 13 209,998 239,932 Unrestricted income funds Unrestricted funds 148,266 120,237 Total funds 13 J58 ?64 i60,169 The finaiicial 5tateinents oli page5 7 to 18 were approved by the tru5tee5, and authtsrised for issue oil 2611112022 and si¥ned on their behalf by.. Tiiiiutli} Bull Trustee The notes on pages 10 to 18 form an integral part of these financial statements. Page 9
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Aeeounting polieies Statement of compliance The financial siatements have been prepared in accL)rdance w'ith the second editilin of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. Basis of preparation Projeci Seventeen meets the definition of a public benefit entity under FRS 102. Assets and liabiliiies are initially recognised at historical cost or trdnsaction value unless otherwise stated in the relevgnt accounting policy notes. Exemption from preparing a cash flow statement -l-he charity opted to adopt Bulletin I piiblished on 2 February 2016 and have therefore not included a cash flow statenient in these financial statements. Going eoneern The financial statemejits have been prepared on a going concem basis. The trustees assess whether the use of going concem is appropriate i.e. whether there are any Tnaterial uncertainties related to events or conditions that Jnay cast significlt doubt on the ability of the charity to coiitinue as a ¥oin¥ LonLern. The trustees make this assessment in respect of a period Of one year from the date of approval of the finaiicial statements. Income and endowments Voluntary income inLludiii¥ doiidtions: gifts, le¥dLies and grant5 that provide Lore fundin¥ or are of a general nature is recognised when the Lhdrity has entitlement to the inLome, it is probable th(It the incoine will be received and the amouiit can be n)easured witl) 5ufficieiit reliability. Donalions and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. GraNts receivable Grants are recognised when the Lharity has an entitlen)ent to the funds and any Ltsndition5 linked to the graiits have beeli met. Where perfotmanLe Londitions dre attached to the grant and are yet to be met, the income is ieLo¥ni5ed as a liability and included On the bdlance Sheet as deferred income to be released. Expenditure All expenditure is recognised once ihere is a legal or constructive obligarilin to that expenditure. ir is probable setilemeiit is required and the amount can be measured reliably. All costs are allocated io the applicable expendiiure heading thai aggregates similar costs to that category. Where costs cannot be directly aitributed to particular headings they have been allocated on a basis consistent with the use of resources, w'ith ceniral staff costs a]locad on ihe basis of time spent, and depreciation charges allocated on the portion of the asset's use. Orher support costs are allLKated based on rhe spread of staff costs. Page 10
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Churituble aLlivilies Charitable expenditure comprises those costs incuTred bj. the charity in the delivery of its activitie5 and Seice5 for its btneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to siipport thein. Taxalion The chaiity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defii)ition of a charitable coinpany for UK corporatioi) tax purposes. Accordingly. the Lharity is poteniially exempt from taxation in respect of income or capital gains received within categories Lowered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfomied in Ihe ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method. less provision for impaimient. A provision for the impaimient of debtors is established when there is objective evidence that the chgrity will not be able to Collect all amounts due according to Ihe original iernis of the receivables. Cash #nd cash equiv#lent5 Cash and cash equivalenis comprise cash on hand and call deposits, and other short-ternl highly liquid investmenis that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Borrowings Interest-beaTing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing bOowing5 are subsequently Caled at amortised cost, with the differeiice between the proceed5, iiet of trdll5action costs, and the amount due oil redemptioii being recognised as a charge to the over the period of the relevant boOW]ng. Interest expense is recognised on the basi5 of the effective interest method and is included iii interest payable and similar charge5. Borrowings are classified as cutTent liabilities unles5 the ha5 an unconditional ri¥ht to defer settlement of the liability for at least twelve months after the reportiii¥ date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion iii furtherance of the objectives of the charity. Restricted income funds are those donated for use in a parricular area or for specific purposes, rhe use of which is restricted to that area Lif PUTPOSe. Page 11
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 2 Income from donations and legacies Unr¢5tricted Total 2022 Total 2021 General Donations and legacies: Donations from Climpanies. trusts and similar proceeds Donations from iiidiwiduals Grants, including Capital grants., Grants from other charities 23,411 14,226 3,431 3,431 60,(X)O 60,000 55,000 63,4i I 63,4?1 92,6)7 3 Income from charitable activities Unrestricted fund5 General Restricted fund5 Total 2022 Total 2021 Gr[tS Training income Sundry, income 275,245 275,245 i14,942 232 1,600 1,8?2 72 232 276,845 277,077 j16,?14 Page 12
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 4 Grants and donations Unrestricted Restricted fund5 Total funds Paul Hamlyn Foundation Trust lor London Oak Fouiidatio 60,000 30,U55 47,454 60,000 30,055 47,454 London Community Response Fund Joseph Rowiitre¢ Charitable Trust LHA London iO,000 16,667 30,000 16,667 25,000 15,000 i 0,000 5,950 5.000 4,000 25,000 1,800 19.915 AB Charitable Trust Tw'o Magpies Metroplilitan Migration Foundation Deeiem Hillcote Trust Coventy University Mercers Social Venture Partners London Other Grants & Donaiions 25,000 15,(K)O lo,0 5,950 5,(H)O 4,000 25,000 1,800 11,484 63,431 275,245 338,676 Page 13
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 5 Expenditure on eharitable activities Unrestrieted General fund5 Restricted fund5 Total 2022 Total 2021 APPG Events Client grants Clinical supervision Equipmei)t Freelaiice & recTUitment costs Insurat]ce Interpreting costs Legal & professional fees otfice supplies Other expenses Priiiting Ret]t 90 90 80 14,965 1,848 1.549 6,542 14,965 1,848 1,578 6.917 521 269 1,320 1,427 1,097 942 10,031 1,100 5.590 1,621 29 375 521 269 30 1,455 1,523 100 1,320 245 795 1,182 302 942 701 1.367 JO,054 12,302 256?10 13,669 286,?64 3,98) 2,285 233 1,490 1,167 53 19 2,276 11.601 Salaries NIC & pensians Solidarity group expenses Siaff expenses Subscriptions Telephone & intemet Trainin¥ TrLiStee expenses Volunteer expenses Website & daiabase 206,824 3,983 1,887 150 1,359 904 398 83 752 265 1,649 960 44 608 3,390 263 19 2,276 i5,634 306,779 i42,4 li 248,835 6 Trustee5 remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbllr5ed expenses or any other benefit5 from the charity during the year. Page 14
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 7 Staff eosts The aggr¢gat¢ payroll costs were as follows.. 2022 2021 St8ff £0s¢s during the year were: Wages and salaries Social security costs Pension costs 261,428 15,223 9,613 189,540 13,014 4,270 286,264 206,824 The monthly average number L)f persons (including senior management team) employed by the charity during the year was as follows.. 2022 No 2021 No Monthly paid staff 11 (2021 8) of the above employees participated iii the Defined Contribution Pension Schemes. No employee received emoluments of more Ihan £60,000 during the year The total etnployee benefits of the key management personnel of the charity were £38,28812021- £37,081). 8 Taxation The charity is a registered charity and is therefore exempt from taxation. 9 Debtors 2022 2021 Prepaynents Other debtors 927 4,378 927 1,330 5,305 2,257 10 Cash and cash equivaleNt5 2022 2021 Cash at bank 369,086 359,112 Page 15
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 I Creditors: amounts falling due Ivithin one year 2022 2021 Other creditors 16,127 1,200 12 Commitments Capital Commitments The charity has a short temi lease for the premises under which either party may give 60 days notice. The tothl amount contracied for but noi provided in the financial staMentS was £Nil (2021 £Nil). 13 Funds Balance at I April 2021 Incoming resources Resources expended Balance at 31 March 2022 Unrestrieted funds Generthl General fund 1?0.237 63,663 (35,634) 148,266 Restricted funds Client grants Advice 1.484 116,356 49,054 94,000 7,975 (1,484) (159.693} (43,514) (88,608) 16,322) 12,252) 14.906} 106,350 21,924 94,316 4,577 8.575 4,190 63,013 27,464 99,708 6,230 6,323 7,260 Capacity building Policy Destitution fund Hoiel fund Small grants fund 7.976 Total restricted fund5 2i9,932 276,845 {i06.779} 209,998 Total funds 360.169 340.508 {342,413) 358,264 Page 16
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 The specific purposes for which the funds are to be applied are as fLIIIows'. Client grants.. to faciliiate the provisilin of direct financial support to clients in cash or in kind; Destitution fund.. to provide emergency financial SUPPLln to clients for food or other urgent essential items; Hotel fiind.. 10 provide funding for short ierm stays in emergency accommodation for clients left streei homeless by a refusal of local authority support,. Small grants fund.. to provide direct financial support to clienis in cash or in kind; Advice.. to provide direct advice and advocacy services to migrant families with no recourse to public fiinds. Capacity building.. to build capacity in other organisations working with migrant families with no recourse to public funds: and Policy.. creating systemic change to improve the impleTnentation of siipport for migrant families with no recourse to public funds, throiigh eii¥a¥in¥ with local and national government, campaigning and 5trate¥ic liti¥ation. Balance at 31 March 2021 Balance at I April 2020 Incoming resources Re50uree5 expended Tran5fer5 Unrestricted funds Generul General fund 61,100 93,910 134,773) 120,?37 Restricted Client grants Advice Capacity building Policy Destitution fund Hotel fund Small grants fund 13,009 88,735 10,617 26.691 2,069 154,571 45,442 100,565 5.140 (1,536) (136.956) 134,135) 1??.940) (4,732) (859) 2.904 (13,5421 106,350 21,924 94,316 4,577 8,575 4,190 4,169 9.373 7.094 Total restricted funds 139,Oi2 314,942 (214,062 239,932 Total funds 200,152 408,852 (248,835) J60,169 Page 17
Project Seventeen Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 14 Analvsis of net assets between funds Unrestricted funds General Total funds at 31 March 2022 Restricted fund5 Current assets Curreni liabilities 149,586 (1.320) 224,805 (14,807) 374,391 (16,127} Total net assets 148,266 209,998 i58,264 Unrestrieted funds Gencr#l Total funds at 31 March 2021 Restrieted funds Current assets Current liabilities 121,437 (i ?00) 239.932 361,369 11 ?00) Total i)et asset5 120.237 239.934 360,169 IS Independent examiner's fees During the period, the fees payable (excluding VAT) to the charity's independent examiner Community AccoiiiitingF Plus are analysed a5 follows.. 2022 2021 Independent examination 1,100 1,000 1,100 1,000 Page 18