OpenCharities

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2020-09-30-accounts

I - ~ - B- I I
Oz
OO Restricted
Unresblcted income Total this Total last
Fixed assets
Intangible assets
(Note 15) 12 funds
F
F01
funds
E
F02
year
E
F04
year
5
F05
Tangible assets
Heritage assets
(Note 14)
(Note 16)
BB2 20,666 20,666 25,832
Investments (Note 17)
Current assets Total fixed assets 20,666 20,666 25,832
Stocks
Debtors
(Note 18)
(Note 19)
8,998 8,998
Investments (Note 17.4) BBB 11,500 11,500 11,500
Cash at bank and in hand
(Note 24)
Total cadent assets
BBB
sr B
71,104
91,602
71,104
91,602
55,189
75,687
Creditors: amounts falling due within
one year
(Note 20)
B11
Net current assets/(liabilitiesj su 91,602 91602 75687
Total assets less current liabilities sm 112,268 112,268 101,519
Creditors: amounts falling due aRer
one year
(Note 20)
Provisions for liabilities
BH
Bi5
47,367 47,367 47,367
Total net assets orliabilities srs 64,901 64 901 54 152
Funds ofthe Charity
Endowment
funds (Note 27)
B12
Restricted income funds (Nots 27) B1B
Unrestricted
funds
srs 64,901 64,901 54,152
Revaluation
reserve
Fair value reserve B21
Total funds B22 64,901 64,901 54,152

Note 2
2.2 INCOME
Note 2
2.2 INCOME
Accounting
policies
Recognigon ofincome These are induded
in the Statement ofFinancial Activifies (SoFA)when:
the chanty becomes entitled to the resources;
it is more likely than not that the trustees
mfi receive the resources.
~
the monetary
value can be measured
with sdgcient
reliability.
Yes* No* N/a
Offsetting There has been no offsetting ofassets and liabikties, or income and expenses,
unless
required
or permitted
by the FRS 102SORP or FRS 102.
Grants and donations Grants and donations
are only included
in the SoFA when the general
income recognition
criteria are met (5.10to 5.12FRS102 SORP).
In the case ofperformance
related grants, income must only be recognised
to the extent
that the charity has provided
the speciTied goods or servikws as entitlement
to Ihe grant
only occurs when Ihe performance
related conditions
are met (5.16FRS 102SORP).
Legacies Legaoes are included
in the SOFA when receipt is probable, that is, when there has
been grant ofprobate, the executors have established
that there are sutficient assets in
the estate and any conditions
attached tothe legacy are either within the control ofthe
charity or have been met.
Government grants The charity has received
government
grants
in the reporting
period
Tax reclaims on
donagons
and gifts
Gift Aid receivable
is included
in income when there is a valid declarabon
from the donor.
Any Gdt Aid amount recovered
on a donation
is considered
to be part ofthat gift and is
treated as an addison to the same fund as the initial donafion unless the donor or the
terms ofthe appeal have speofied otherwise.
Contractual
performance
grants
income and
related
This is only included
in the SoFAonce the charity has provided
the related goods or
services or met the performance
related conditions.
Donated goods Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless impractical to do so.
The cost ofany stock ofgoads donated for distribulion
to beneficianes
is deemed to be
the fair value ofthose gtfis at the time oftheir receipt and they are recognised
on receipt.
In the reporting
pened
in which the stocks are distributed,
Ihey are recognised as an
expense atthe carrying amount ofthe stocks at distribution.
Donated goods for resale are measurrxt
atfair value on irstial recognibon,
which is the
expected proceeds from sale less the expected costs ofsale, and recognised
in 'Income
finm other trading acbvities'
with the corresponding
stock recognised
in the balance
sheet.
On its sale the value ofslodc ischarged against 'Income from other tradng
activities' and the proceeds from
sale are also recognised as 'Income from other trading
sctlvlt
s.
Yes No* N/a
Goods donated for on-going use by the charity are recognised as tangible
fixed assets
and included
in the SoFAas incoming
resources when receivable.
Gifts in kind for use by the chanty are included
in the SoFAas income from donahons
when receivable. CUBI
Donated services and
faciliTies
Donated services and facilities are included
in the SOFA when received at the value of
the gift to the charity provided the value ofthe gift can be measured
reliably.
Donated services and faolities that are consumed
immediately
are recognised as income
with an equivalent
amount recognised as an expense under the appropriate
heading
in
the SOFA.
Support costs The charity has incurred
expenditure
on support costs
Volunteer
help
The value ofany voluntary
help received is not included
in the accounts
but is descnbed
in the trustees'
annual
report.
income from interest, This is included
in the accounts when rrxwipt is probable
and the amount
receivable can
Yes* No* N/a*
royalties and royalties and dividends be mess)rred
reliably.
Income from
subscrlpbons
membemhip Membership
subscriptions
unmixed
in the nature ofa gift are recognised
in Oonaiions
and Legacies.
Membership
subscnpfions
which gives a member the right to buy services orother
benefits are recognised as income earned
from the provision ofgoods and services as
income from charitable
acgvities.
Settlement
claims
ofinsurance Insurance
claims are only included
in the SoFA when the general income recogniTion
cnteria are met (5.10to5.12FRS102SORP) and are included as an item ofother
income
in Ihe SoFA.
Investment
losses
gains and This indudes
any realised or unrealised
gains orlosses on the sale ofmvestments
and
any gain or loss resulbng
from revaluing
investments
to market value at the end ofthe
year.
2.3 EXPENDITURE AND LIABILITIES
Liabilities are recognised
where
it is more likely than not that there is a legal or
Liability recognition constructive
obligation
committing
the charity to pay out resources and the amount
ofthe
obligation can be measured
with reasonable
certainty.
Governance
costs
and support Support costs have been allocated between
governance
costs and other support.
Governance
costs comprise
all costs involving
public accountabibty
ofthe charity and its
compliance
with regu/ation
and good practice.
Support costs include central functions
and have been allocated to activity cost
categories on a basis consistent
with the use ofresources, eg allocating
property costs
by floor areas, or per caprta, staff costs by the trme spent and other costs by their usage.
Grants with
conditions
performance Where the chanty gives a grant with conditions
for its payment
being a speufic level
service or output to be provided, such grants are only recognised
in the SoFA once
of
the
reapient ofthe grant has prowded the specified service or output.
Grants payable without
performance
conditions
Where there are no conditions
attaching to the grant that enables the donor charity to
realistically
avoid the commitment,
a liability forthe full funding
obligarion
must be
recognised.
Redundancy cost The chanty made no rmlundancy
paymenls
during the reporbng
period.
Oeferred income No matenal
item ofdefenad
income has been induded
in the accounts.
Credriom The charity has creditom
which are measured
at settlement
amounts less any trade
discourrls
Provisions for liabilrfies A liability ismeasured
on recognition at its historical cost and then subsequently
measured
at the best estimate ofthe amount required
toseltle the obligation atthe
reporbng
date
Basicfinancial
instruments
The charity accounts for beam 5'nancial
instruments
on inibal recognition as per
paragraph
10.7FRS102SORP. Subsequent
measurement
is as per paragraphs
11.17
to 11.19,FRS102SORP
2.4ASSETS
Tangible fixed
use by charity
assets for These are capitalised
ifthey can be used for mare Ihan one year, and cast at least
They are valued at cost.
The depreaabon
rates and methods
used are disdosed
in note 15
The charity has intangible
fixed assets, that is, non-monetary
assets that do not have
Intangible
fixed assets
physical substance
but are identibable
and are controlled
by the charity through
custody
or legal rights.
The amorlisation
rates and methods
used are disclosed
m note 15.
They are valued at cost.
The chanty has heritage assets, that is, non-monetary
assets with historic, ar!istic,
Heritage assets scienbfic, technological,
geophysical
or environmental
qualities that are held
and
maintained
pnncipally
for their conbibufion
to Imowledge
and culture.
The depreciation
rates and methods
used as disclosed
in note 16.
CUBI
They are valued at cost.
Fixed asset investments
in quoted shares, traded bonds and similar investments
are
Investments valued at initially at cost and subsequently
at fair value (their market value) at the year
end. The same treatment
rs applied to unlisted
investments
unless fair value cannot be
measured
reliably
in which case it is measured
at cost less impairment.
Investments
held for resale or pending
their sale and cash and cash equivalents
vnth
a Yes' No* N/a'
maturily date ofless than 1 year are treated as current asset investments
Stocks and work in
progr'ess
Stocks held for sale as part ofnon-charitable
trade are measured
atthe
net realisable value.
lower orcost or Yes" No* N/a
Goods orservices provided as part ofa charitable
activiiy are measured
value based on the service potential
provided
by items ofstock.
at net reslisable Yes No' N/a
Work in progress is valued at cost less any foreseeable loss that is likely tooccur on the
contract.
Debtors (induding
trade debtors and loans receivable) are measured
on
inibal
Debtofs recognition
at settlement
amount
after any trade discounts oramount advanced
by the
charily.
Subsequently,
they are measured
at the cash orother consideration
expected to
be received.
Current asset investments The charity has investments
which
it holds for resale or pending
their sale and cash and
cash equivalents
with a maturily date less than one year. These include cash on deposit
and cash equivalents
with a maturity ofloss than one year held for investment
purposes
rather than to meet short-term
cash commitments
as they fall due.
CCCI
They are valued at fair value except where they qual+2 as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
Note 3 Income Income Income
Restricted
Analysis of income Unrestricted
funds
rhcsnw
funds
Total funds Prior year
Donations
and legacies:
Donations
Gih Aid
Le acies
and ifls 737,133
174,468
F
737,133
174,468
6
185,443
204,345
General grants provided
charities
Membership
subscriptions
by government/other
and sponsorships
9,600 9,600
which are in substance donations
Donated goods, facilities and services
Other 38,374 38,374 499,764
Tote I 959,575 959,575 889,552
Charitable
activities:
Other
Tots
Other trading
activities:
Other 62,173
Tots 62,173
Income from Interestincome
investments: Dividend
income
Rental and leasin
income
Other
Tote
Separate
material
item
ofincome
Tots
Other: Conversion of endowment funds into income
Gain on disposal ofa tangible fixed asset held
for chari
s own use
Gain on disposal ofa programme related
investment
Royalties from the exploitation ofintellectual
ro e
ri
hts
Other
Tots
TOTAL INCOME 959575 959575 951,725
Other information".
Ag income in the prior year
(please provide description
was unrestricted
and amounts)
except for:
TRUE

accounts and other services provided by y
was paid please enter '0' in the appropriate

our independ
box(es).
ent
examiner.
Ifnothing
This year Last year
Independent
examiner's
fees
2,000 3,000
Assurance
services other than independent
examination
Tax advisory fees
Other fees (forexample: financial advice, consultancy,
to the independent
examiner
accountancy services) paid

Note 24
Cash at bank and
in hand
This year Last year
Short
Short
term cash investments
term deposits
(less than 3months maturity date)
Cash
Other
at bank and on hand 71,104 55,189
Total 71,104 55,189

Amounts paid or benefit value
Name oftrustee
Legal authority
(eg
order, governing
document)
Remuneration Pension
contribution
Redundancy
(including
loss of
otfice)/ex
Other TOTAL
gratia
Please give details ofwhy remuneration
orother
NONE
employment
benefits were paid.
Where an exgratia payment has been made toatrustee, NONE
provide an explanation ofthe nature ofthe payment.
Ifa third party has been mimbursed
forpmviding
one
or NONE
more trustees, state the nature ofthe payment and
amount ofthe reimbursement.
State the number oftrustees to whom iatimment
benefits
NoNE
am accruing under a defined contribution
pension
scheme.

Notrusteeexenses havebeenid TFl
p ncurre (rue or ase) TRUE
Type ofexpenses reimbursed This year Last year
Travel
Subsistence
Accommodation
Other (please specify):
TOTAL

Amounts
Name ofthe trustee
or related party
Relationship
to charity
Description ofthe
transaction(s)
Amount Balance at
period end
Provision for bad debts
at period end
written off
during
reporting
eriod