The Tantum Trust
Annual Report 2020-21
Chairman’s Report for the year ending March 2021
The charity raises money through the sale of donated goods in four charity shops in Bordon, Liphook, Haslemere and Grayshott. The profits are used to support needy families, individuals and organisations in South West Surrey, North East Hampshire and West Sussex.
The charity is governed by a board of trustees which elects a Chairperson from among its number. None of the trustees receive remuneration and in the financial year none claimed expenses. During the year the trustees met on 14 occasions and attendance was 95%. All but two of these meetings were held remotely by ‘Zoom’.
At the start of the period the trustees were:
Jennie Vernon Smith, Margaret Lawden, Jeremy Bonnett, Vince Prior, Malcolm Carter and Malcolm Traviss.
After many years as a volunteer and then as a trustee, Jennie Vernon Smith stepped down and a small reception was held to express thanks for all her work for the charity. We were pleased to welcome Jean Barnard as a trustee in December 2020.
The charity has ten paid employees consisting of a Charity Manager, a Bookkeeper, a Clerical Assistant, four Shop managers and three parttime Shop Assistants.
The shops are heavily reliant on some fifty volunteers who assist the shop managers in the day to day running of the shops and without whom the charity could not function.
To both our paid staff and our volunteers we say ‘Thank you’ for all their hard work and dedication to our goal of assisting so many people and organisations when they have nowhere else to go.
The financial year started with the four shops closed in the first of several lockdowns caused by the Covid 19 pandemic. The shops reopened on June 15[th] 2020 but after four moths of rather quiet trading, a further lockdown was imposed on November 5[th] and lasted for four weeks. Although the shops then re-opened for the Christmas period, strict rules about social mixing were in force and a further lockdown came into force on January 4[th] 2021 and continued until April 12[th] . Effectively the shops were shut for half the year and with customers, staff and volunteers cautious and/or prevented from
mixing and meeting people from outside their households, shop sales were understandably reduced by a half.
Fortunately, the Government’s Job Retention Scheme and Coronavirus Support Grants helped to limit the damage and we were able to retain our staff and actually managed to increase our total funds to £162,256 by year end.
Grants made totalled £32,656. Over half of this amount went to pay for basic furniture, carpets and white goods for people being rehoused. The rest of the grants went on items such as paying off rent arrears (so people could move into new accommodation), debt relief orders, school trips for students whose parents could not pay and importantly, Tesco and Sainsbury’s vouchers for families at Christmas time.
We were informed by our landlord, The Ministry of Defence, that the building in Bordon in which we rented our head office was to be demolished. The MOD offered better alternative accommodation in another building in Bordon at the same rent and the move took place in September 2020. However, the lease on the new office is for four years only.
In the previous year the trustees had decided to examine the possibility of changing the name and ‘branding’ of the charity to make it more memorable and less restrictive in terms of its geographical coverage. To that end, a creative agency was briefed to find a new name and new image for the charity. In July 2020 the trustees agreed to change the name to The Tantum Trust, which we believed would make the charity more visible and at the same time honour our founder Carl Tantum. They also agreed to amend the charity’s objects to reflect a wider geographic coverage and to increase the maximum number of trustees to nine. These changes were incorporated into the charity’s Governing Document.
Following the adoption of the new charity name, each shop received a new fascia sign and was redecorated. New stationery and new posters and flyers were produced to publicise our work and the website was redesigned to reflect the new logos and colour schemes. These changes were favourably received by our staff, volunteers and most importantly by our customers.
Jeremy Bonnett
November 10[th] 2021
REGISTERED CHARrrY NUMBER: 1153712 REPORT OF THE TRUSTELS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YLIR ENDED 31 MARCH 2021 FOR THE TANTUM TRUST Traviss & Co Chartered Accountsnts Newtown House 38 Newtovm Road Liphook Harnp5hi GU30 7DX
THE TANTUM TRUST CONTET4TS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 larCh 2021 Page Ch8irmn'$ R¢pDrt Report of the Trnstees Indepettdent ExAminer's Report Statement of Finncil Aetlylties BAI#D¢e Sheet Notes to the Fknan¢i41 Sttemen¢s 7 to 12
THE TANTUM TRUST CHAlliMAN'S REPORT FOR THE YEAR EfqDED 31 March 2021 Th¢ ¢harity rdiSK money through t1 sale of donat¢d goods in four eh8rity shops in Bordon. Liphook, Haslemere and GrayshotL The profits are iiscd to support TedY families, individuals gnd organilI0S in South West Surrey, North East Hampshire and West Suss¢x. Th¢ charity is govemed by a tiard of tteeS 1¢h elects a Chairperson from #Tnong its niimber. None of the trust¢es receive remLineration aTrd in the flljaneial year none clai expe¢s. During the year the trustees mel on 14 oc¢asions and attendance was 95(/•. All but two of th¢sc mcdings wcr¢ h¢ld T¢1¢[Y by'zoom,. At the start of the p¢riod th¢ ttC¢S were- Jennie Vernon Smith. Margaret [aWde Jeremy BonnetL Vitice Prior. Malcolm Carter and Malcolm Travi&s. Aft¢r many ycars as a volunteer and then as a ]Lstee. Jennie Vernott Smith stepped down and a small rcc¢p¢ion wa5 h¢ld to express thanks for all hei wotk for th¢ eharity. W¢ w¢r¢ pl¢as¢d wel¢om¢ J¢an Barnard as a tswtee in December 2020. The charity has ten paid employees consisting of a Charity Manager. a Bcrt)kkeeper. a Clerical AssistanL four Shop Lnanag¢rs #nd three part-time Shop Assistants. Th¢ shops are heavily reliant on some fifty volunteers wkn assist the shop matjagers in the day to day nnIng of the $hop$ and withour ivhom the charity Could not funclion. To both our paid staff alld our volullteers say Thank you. for all the&r hard wvrk and dedication to our goal of assisting so many people and otg2nisation$ when they have llowhere else to go. The finaneial year staned with ibe fotsr SIp5 ¢losed in the firsi of several lockdowns caused by the Covid 19 pandemic. Thc shop$ reopened on June 15th 2020 but att¢r four moths of rather quid trading. a furthGr lockdown wa5 imposcd on Nov¢mber 5th and lasi¢d for four weeks. Although the shops th¢n re-op¢n¢d for the Christmas period, strict rules about so¢ial mixing were in for¢¢ and a fiher ]kdo1Vn ¢8me into force on Jauuary 4th 2021 and continued until April 12th. Effeetiv¢ly the shops were shut for half the year and with customets. staff alld volunteers cautious andlor prcverAt¢d from mixing and ineeting ppIC from outside their hooIds, shop sa1¢5 re utMleTStandably reduced by a half. Fomnately. the Government* Job Retention Scheme and Coronavirus Support Grdnts helpcd to limit the damage and we wer¢ able to retain our staff and a¢tuJlly managed to increase our tt>tai fvtwls to £162.256 by ycar end. Grants nude totallcd £32,656. Oyer half of this amount wcnt to pay for basic fiwniture, trdtpets alld whit¢ goods for peopl¢ b¢ing re-hOs¢d. The rest of th¢ grallts went on item5 sh as pa)ryng off rent arrears (so people could fflove into new accommodation), debt rcli¢f orders. school trips for students whose parents could not pay alld tmportantly, T¢seo and Sainsbutys vouchers for familics at ChristtDas time. We were infornied by 0] landlord, The Ministry of Defet)c4 that tbe buildin8 in Bordon in which w¢ rcnted our head offiee was to be demolished. The MOD offered better alternati a¢¢ommothtion in alther building in Bordon at rhe samr nt and th¢ move took placc in Septemb¢r 2020. HoThi. tjie lease on (he n¢w oific¢ is for four years only. In the previous y¢ar the trustcrs had decided to examine the po&8ibility of changing the i)ame and branding, of the charity to make it nwre menNTrrable and less testtictive in fern of its geographical coverag¢. To thtti Crcative ageiicy was briefed to fEnd o new name and n¢w image for t1 ehatity. Ill July 2020 the twstees agreed to change the Dame ¢0 The Tantum Trust, which we b¢lieved would make th¢ charity llK)re visible and at the same lime honour our founder Carl Tantum. They also agieed to nnd the chariws objeets io r¢fle¢t a wider geogTapliic coverage and increas¢ thc maxirtiutn uumb¢r of tLUStees to nin¢. These clmnges were in¢Orrated into the choriiys Governing Document. Following the adoption of the new charity nam< each shop rCly¢d a new fascia sign and was redecoraled. New stationery and new posters and flyers produc¢d to publicise our WO and ihe website was red¢signed to refl¢¢t th¢ new logos and eolour schemes. Th&se ch3ll8 were favourably received by our statT, volunteers and mo$t importantly by our ¢$t0[¢r5. Jcrcmy Bonnett Page I
THE TANTUM TRUST REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 Mxrch 2021 The tnwtees present their report with the finan¢ial staten)¢nts of ihe charity for the year ended 31 March 2021. Th¢ tThtee$ have adopted the provisions of Accounting and Reporting by Charities.. Sttstem¢nt of R¢¢omm¢nded Practice pplicable to charities prcparing ih¢ir accounts in a¢¢ordan¢e with th¢ Finan¢ial Reporting Standard applieable in the UK and R¢publi¢ of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcrtVlTIES The Charity raises mon¢y througli its four charity slw sited in Bordon. Liphook. Haslemere and Grayshotl aiid from ocs1On41 generous donatiODS received from benefactors and we tben distnbute the profits to people in need in North East Hampshirc and South Wast SuErey. Th¢ distribution is n]ade by wdy of grants lo local indtviduals or groups who have be¢n reftrred to lhe Charity and endorsed by professional organisations. We aiso giv¢ grants to ILKal organi5ations and clmrities. As well as making their profits available for the local comtnunity th¢ shops also provide affordable cloibes, toys and hOl¢0]d itenL8. The Charity thus fiJlfQis noi but two eentIal Toles for the lo¢al ¢onunwiity. In spitc of ihe obvious and increasing need for su¢l) a charity in every to in the coiinty. The Tantum Ttust is. so far 8s we are aware, uniqiie in being th¢ only one of its kiDd. Grants paid out during 2020- 2021 were £32.656. FINANCIAL REVIEW Principal fundlng sources The Charity relies almo$i entirely on th¢ g¢rKrous donatio* of clothes and other goods to be sold through four Tctsil outlets. Retail in¢ome was down by s/0 to £92.483 conpared with £185.659 an the pr105 year and Bags and Ra85 collections were down to £5081 from £14,531. Thi5 was caused by ongoing difficult tradillg conditions but wmpounded by th¢ forced closure of the shop5 from April to mid-JuThe 2020 and then again fro janIry to March 2021 due io Covid 19. ForMtTrately the gell¢rous fijrloiigh sch¢ThK and grallts io retailers by the Govenjment compensaied for tliese incomc 105ses and the Charity recevved £25,801 from t Jobs Retelltion Sc]wn¢ and £99,579 from Coronavirus Siipport Grants. Tot&l inwme from all sourtts was £237.342. Reserve5 poII¢y The Tnl¢eS have Co$]dered what minimum financial teseryes The Tantum Tnt ("rrr") should seek to matntain in order to meet the unexpected impaet of reduced or zero incon. Based on a detAiled review of its ongoing financial obligations rhe Trustees hav¢ ¢oncluded that £90,000 would provide sufficient reserves to m¢¢1 the following.. l. The estimaied cost orrrrs lease ¢ommitments for its retail and office prnIses for & period of twelve months 2. The settl¢ment of stattitory redundancy obligations io siaff if the retail operatio8 had to close fgr up to a year 3. Other overheads, su¢h as inSue, whi¢h would need to be contillued even if the shops and office w¢r¢ ¢los¢d for business. The Trustees, policy has b¢¢n influenced &8 a result of the Covid-19 pandemic and the requir¢m¢nt to close the charityls r¢tsil iinits for various periods with thc accompanyille loss of revenue. The Trust¢¢s acknowledge that Trr has limited scope for increasing its income faced with another similar scenario. STRUCTURE, COVERNANCE AND MANACEME14T Coverning documeot The cliarity is Coiilrolled by its governing do¢um¢nL a tnt deed aTrJ ¢onstitutes itself as a charity illcory)oration organisation (CIO) underUK Charity cOnllniioll law. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charlty number 1153712 Page 2
REPORTOF THE TRusfEF FOR THE YEAR ENDED31 m1h 21)21 Prindpgl ]dI5 Room 60 Building 51 Bordon P8rL Budds L¢ 8ordo HathbIrt GU35 OFJ Trn8ttt8 J A Vernon-smith (r¢$id 25.3.21) J Bonn¢tt M Lawthn V Prior M J Trnvi FCA Aewunta J B8rnard (apFoÉnta 17.1120) IndepewiMt E%amlBer S Moorey FCCA Trnviss & Co Ltd 38 N¢wtown Road LiphcA>k Hampshire GU30 7DX Approv¢d by 0fth¢ iMTd of ouwonll Noitmbu 20218nd siwwjon itsbethdfby:
INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF THE TANTUM TRUST Independent examiner'$ report to the trv5tees of The T4ntum Trust I report to the cbarity tnte¢S on my examination of the accoullts of The Tantum Tn¢ { TTrt) for th¢ year end 31 March 2021. Responslbllltles and basis ofreport As the charity tniste¢s of th¢ Trust YOU ore r¢5ponsiTrsle for the prepardtion of the acrowits in accordance with the requirements of th¢ Chartties Act 2011 (Yhe Acfl. I report in rPt of my examination of thE Trusvs accounts carried out UTKler section 145 of the Act and in carwn8 out my examination I have followrd all applicable Directions given by tIK Charity Commission llnd¢r section 14S(Sllb) of theA¢t. Independeftt ex*rniDer'¥ s¢atement I have compl¢ted my examination. I that no material Jllatters have come to my attenlion in ¢oon¢¢tion with the exatninatloll giving me cause to believ¢ that in any matetiai respeeL. accoiintin8 r¢cords were not kept in r¢spe¢t of the TnLqt as r¢qUIr by section 130 of ihe Act" or the accounts do not ace¢Jrd with those reeords. or the accounts do Dot comply with th¢ applicable requirements ¢oncen)illg the fomi and ¢ontent of accounts set out in the CharitL¢$ (A¢counts and Reports) RegulatiOS 2008 other than any requirement that the accowits give a ttue and fair view which iq not a tnatt¢r ¢onsid¢rcd as part of an indep¢ndent 8latIon. I hav¢ no Concems and have come across no other mailers in ¢onnKtion wtth the examination to which attention Should be dra in this report in order to ebI¢ a proper undeNanding of the accounts to be reached. S Moorey FCCA Travis$ & Co Ltd Chanered Accountants Newtown House 38 Newtt>ThiJ Road Liphook Hampshire GU30 7DX Dat¢: .. Page 4
THE TANfuM TRUST STATEMEKf OF FINANCIAL AcrivrriES FOR THE YEAR Ef4DED 31 Mar¢b 21121 2021 Total funds 2020 Total fiinds Unre5trict¢d R¢stri¢t fund INCOME A14D ENDOWMENfs FROM Donations and legacie5 12,454 1915 14,369 27,844 Otlier trading activities Investment ineome Oihcr income 97,$64 29 125J80 97.564 29 125J811 200,190 62 35 Totsl 235,427 1.915 237,342 228,131 EXPENDrruRE ON Raising fimds 705 7115 1,759 Charltable #Ctivitles Commnity gran B¢reavetnent Couns¢lling 32.656 32,656 33,553 5,075 1915 A8&678 186,678 192,110 Totsl 220,039 1.915 221,9Y 232,497 NET INCOMEI(EXPENDfTURE) 15?88 ISJ88 (4J66) RECONCIUATION OF FUNDS Total (lld$ brought forward 146,868 14A868 151,234 TOTAL FUNDS CARRIED FORWARD 162256 162,256 146.868 The notes form part of tlhese finwial stst¢m¢nts PaRe 5
BALANCB SHEET 31 M¥rk2021 Totsl ads fi]nd nd5 FIXED ASSETS Tan &ssets 127 CURREpif A&SETS Debtojs Cashat Ed)k and inh 22,744 144*94 22.744 14S604 28.563 125, 167th38 710 154.523 CREDrroi Amountsfalling thwIth1Ceyejf 10 ($877) Jo) (4187) (7.782) NETCURRENf ASSETS 161161 162,161 146,741 T(YfAL ASSETS CIIRRENT LIABILITI£S 16U56 1622S6 146,868 NET A&SETS 146.868 unrerf¢ted fjJnd5 J623S6 146.868 TOTAL FUNDS 162.256 146,868 The finattci81 ststements wu¢ apwoved by the Bd of TTreS and thi15 ftr i&su¢ 2S NoNEmber 2W2I and w¢resigne4 on Its Ethalf ty..
THE TANTUM TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ETr4DED 31 March 2021 AccouffflNG POLICIES BAsi$ of prep8ring the finaneial statements The financi¥l stalements of the chtiTity. which is a public benefit entity iindcr FRS 102, have been prepared in accoTdanr% wtth the ClkaTiti¢S SORP (FRS 102) 'Accounting and Reporhn8 by Charities= statennt of R¢¢oillmended Practi¢¢ applicable to charities prep3ring their accounts in accordance wtth the Financial Reporting Standard appIlble in UK alld R¢public of Ircland (FRS 102) (effective E January 20191,, Financial Reporting Stsndard 102 Th¢ Financial Reporting Siandard applieabl¢ tn the UK 2nd Republi¢ of Ireland, and th¢ Charities Ad 2011. The financial Stsiements hav¢ prepared w)der the historical cost eonvention. Infome All incotThe is recognised in the Strtemt of FinatKial Activities once the charity has ¢ntitl¢m¢nt lo the nds. il is probable that the income will b¢ received and th¢ amount Can be trRasured lIablY. Expenditure Liabilities are ie¢ognised as expenditu as 300n as th¢re is A legal or constNctive obligation committing th¢ charity to thot expendillt, it is prolydble that a transfer of economic bencfits will be required in settlement and the amount of the obligation can be I$¢d reliably. Expcnditure is a¢¢ounted for on an accn]als ba51$ and has been classified under headings aggregate all cost r¢lated to the category. Where costs c4nnot bc directly attributed to p8rticular headings they have been allocated to activitie5 on a basis consistent with th¢ us¢ of resollrces. Grants Olfer subject to ¢ondilions whi¢h have been at thc year end date are not¢d &$ # ¢ommitsnent but not ae¢rned as exp¢nditure. Tangli Jle fixed ats Depreciation is provided at the following annual rdtcs ITh order to write off each as5¢t over its estimated t¢[ life. Plallt and rnachin Fixtur and fittings 250A on reducillg balance 250A on reducingblanee Taxation The charity is exempt from tax on its chatitable acliviti¢s. Fund a¢couttting Unrcstricted fiEnds can uscd in accordanL% with tbe charitsble Ob]tiveS at th¢ dis¢tiOn of the trustees. Restri¢ted fijnds ¢2n on]ybe used for particularrestri¢tcd purposes withill the obj¢¢is of the charity. Restri¢tions arise when spe¢ified by the donor or when fvllds arc raised for particular restricted purposes. Furfhcr explanation of the naturc and purpose of each fund is included Fn the notes to the financial stat¢m¢nts. Hire purchase and leanE eotnmitments Rentals paid under operaiing leases are cbarged to the Statemeot of Financial Activities on a straighi line basis over the pcriod of the lease. Penslon ¢o$ts alld otheT PDSt-retlretntnt benefits The charity operttte5 a defin¢d ¢ontrÉbution pension Contributions paydble to the charItS pension scheme are charged io ihe Statement of Financial Activities in th¢ period to which they relat¢. Page 7 conttnued...
THE TANTUM TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 M*reh 2021 OTHER TRADING ACTIVIT 2021 2020 Shop income Bags and rags eollection 92,483 5,081 185,659 14,531 97,564 200,190 INVESTMENT INCOME 2021 2020 Deposit ae¢ount ijLterest 29 62 OTHER INCOME 2021 2020 Miscellanrous inwm¢ Job retention scheme Brant Coronovirus support nts 35 25,801 99,579 125J80 35 TRUSTEES, REMURATION AND BENEFITS There were no truste&s' r¢mlln¢rdtlOD or other benefits for th¢ year Cled 31 Maych 2021 nor for the year ¢nded 31 March 2020. Trustres, wenses There were no tnle¢s, expe paid for the yeareTthd 31 March 2021 nor for th¢ y¢ar ¢nd¢d 31 March 2020. STAFF COSTS The averag¢ nwnthly number of employ drng the year was as follows.. 2021 2020 Part time administrdtion Shop managers Part time shop No employecs 1Ved e¢Th)liiments in ex¢¢ss of £60.(KIO. Page 8 continued...
ThE TANTUM TRUST NOTES TO THE FINANCIAL STATEMEKfs- £onthiued FOR THE YEAR ENDED 31 Mareh 2021 COMPARATIVES FOR THE sfATEMEKf OF FINANCIAL ACTIVITTES Unrestricied fund Restried Totttl fi]nd$ INCOME ATr4D ENDOWMEP4TS FROM Donations and l¢gacies 22.769 S.075 27,844 Other trnding activities Inveslment ineome Oth¢r in¢ome 200.190 62 35 200,190 62 35 TotAI 223.056 5.075 228,131 EXPENDITURE ON Raising fimds 1.759 1.759 CbArltAble #ettvltfies Community grants Bereavem¢nt Counselling 33,553 33,553 5.075 5,075 OtheT 192.110 192,110 227,422 5,075 232.497 NET INCOMEIIEXPENDTfuRE) {4.366) (4.366) RECONCILIATION OF FUM)S TotAI funds brought fonvArd 151234 ISl.234 TOTAL FUNDS CARRtED FORWARD 146,868 146.868 TANGIBLE FIXED ASSETS Fixtures and fittings Plant aNI machinery Totals COST At l April 2020 and 31 Mar¢h 2021 22 512 534 DEPRECIATION At l Aprkl 2020 Cliarge for year 17 390 31 4117 32 At 31 Mar¢h 2021 18 421 439 NET BOOK VALUE At 31 March 2021 91 95 At 31 March 2020 122 127 Page 9 ¢ontiniied...
THE TANTUM TRUST NOTES TO THE FINANCIAL STATEMEKfs- eontittued FOR THE YEAR ENDED 31 March 2021 DEBTORS: AMOUNTS FALLING DUE wmiiN ONE YEAR 2021 2020 Other debtors VAT Prepaynwits 35S3 3366 15,825 10,561 3,019 14,983 22.744 28.563 10. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade cteditors Taxation and social security Other creditors 2,444 116 3,627 1.087 432 6,263 6,187 7.782 MOVEMENT IN FUNDS movement in funds Ai 31.3.21 A¢ 1.4.20 Unrestricted funds General fund 146.868 15J88 162,256 TOTAL FUNDS I4668 15,388 162,256 Ner movement in funds. included ill th¢ above are as follo Incoming Resources expended Movement tn llds Unre5trlct¢d hnds Generdl fiu 235,427 (220,039) 15J88 Restricted funds BcaVeMent fund 1915 (iJis) TOTAL FUNDS 237.342 (221,954) J5J88 Pagc 10 continued...
NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR EP4DED 31 March 2021 ii. MOVEMENT IN FUNDS- eontlnued Comparatlves for movement in funds N¢t movement in fullds At 31.3.20 At 1.4.19 Unrestricted fuDds General fiu 151234 (4.366) 146,868 TOTAL FUNDS 151234 (4.366) 146,868 Compardtive net movement in included in the above as follows: Incoming resow¢¢s ResoU¢S expended Movement in ndS Unrestricted funds Generdl fund 223,056 (227,422) (4,366) Restricted funds B¢reavenllt fund 5,075 (5,075) TOTAL FUNDS 228,131 (232.497) (4,366) A Current year 12 months and PTior year 12 months combKTKd position is as follows: Net mov¢Jn¢nt in fvnds At 31.3.21 At 1.4.19 Unrestricted funds General fiind 151234 11.022 162.256 TOTAL FUNDS 151.234 11.022 162,256 PAg¢ll continued...
THE TANTUM TRUST NOTL8 TO THE FINANCIAL STATEMEpfTS- contlnued FOR THE YEAR ENDED 31 Tr1areh 2021 ii. MOVEMENT IN FUNDS- ntInUed A [rent year 12 nM)nths alld prior yrar 12 montlLS combined net movement in included in th¢ abov¢ 2r¢ as follows: IrKoming Resources p¢ThJ Movement tn funds Unrestrieted funds General fund 458,48J (447,461) 11.022 Restrieted fullds Bereavernent fvnd 6,990 (6.990) TOTAL FUTrIDS 465.473 (454.451) 11,022 12. RELATED PARTY DISCLOSURLS Professionat s¢rvices were provid to The Ta Tt in the year by Traviss & Co Ltd. a MpanY in which Malcolm TrdViSS is a Director. Payroll services amoullting to £1.197 (2020: £789) and seNic&8 relating to Ind¢p¢nd¢nt Examination of the aceounts anJountin8 to £1.050 (2020: £1.025) were provided by Traviss and Co L. Pa8e 12