2020-12-31-accounts - Purple Community Fund

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Contents ofthe Financial Statements	Contents ofthe Financial Statements
for	the Year Ended 31December 2020
			Page
Report ofthe Trustees		1	to	9
Independent Examiner's	Report		10
Statement ofFinancial Activities
Balance Sheet		12	to	13
Cash Flow Statement			14
Notes tothe Cash Flow	Statement		15
Notes tothe Finandal Statements		16	to	29
Detailed Statement ofFinancial Activities		26	to	27

						31.12.20	31.12.19
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	E	E	E	E
INCOME AND	ENDOWMENTS	FROM
Donations and	legacies		2	313,354	253,871	567,225	299,573
Other trading	activities		3	13,074		13,074	45,264
Investment income			4	21		21	51
Total				326,449	253,871	580,320	344,888
EXPENDITURE	ON
Raising funds			5	7,293		7,293	9,598
Charitable activities			6
UK Activities				101,567	38,987	140,554	142,987
Philippine Activities				152,534	198,900	351,434	208,780
Total				261,394	237,887	499,281	361,365
NET INCOME/(EXPENDITURE)				65,055	15,984	81,039	(16,477)
Transfers between funds			17	7,070	(7,070)
Net movement	in funds			72,125	8,914	81,039	(16,477]
RECONCIUATION OF FUNDS
Total funds brought forward				57,404	8,357	65,761	82,238
TOTAL FUNDS	CARRIED FORWARD			129,529	17,271	146,800	65,761

				31.12.20	31.12.19
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	6	6	E	E
FIXEDASSETS
Tangible assets	13	2232		2,232	2,976
CURRENT ASSETS
Stocks	14	20,656		20,656	25,172
Debtors	15	3,151		3,151	2,556
Cash at bank		110,391	17,271	127,662	40,728
		134,198	17,271	151,469	68,456
CREDITORS
Amounts falling due within one year	16	(6,901)		(6,901)	(5,671)
NET CURRENT ASSETS		127,297	17,271	144,568	62,785
TOTAL ASSETS LESSCURRENT LIABILIIIES		129,529	17,271	146,800	65,761
		129,529	17,271	146,800	65,761
FUNDS	17
Unrestricted funds				129,529	57,404
Restricted funds				17,271	8,357
TOTAL FUNDS				146,800	65,761

				Cash Flow	Statement
				forthe Year End	31Decemb	r2020
						31.12.20	31.12.19
				Notes		6	6
Cash flows from	operating	activities
Cash generated	from operations					86,913	(52,679)
Net cash provided by/(used		in) operating		activities		86,913	(52,679)
Cash flows from	investing	activities
Purchase oftangible fixed		assets					(1,105)
Interest received						21	51
Net cash provided by/(used		in) investing		activities		21	(1,054)
Change in cash and cash equivalents			in	the
reporting period						86,934	(53,733)
Cash and cash equivalents		atthe beginning
ofthe reporting	period					40,728	94,461
Cash and cash equivalents		atthe end	ofthe
reporting period						127,662	40,728

RECONCILIATION	OF NET INCOME/(EXPENDITURE)	OF NET INCOME/(EXPENDITURE)	TO NET CASH FLOW FROM	OPERATING ACTIVITIES
				31.12.20	31.12.19
				E	E
Net income/(expenditure)		forthe reporting period	(as per the Statement
ofFinancial Activities)				81,039	(16,477)
Ad]ustments for:
Depreciation charges				744	624
Interest received				(21)	(51)
Decrease/(increase)	in stocks			4,516	(12,002)
(Increase)/decrease	in debtors			(595)	424
Increase/(decrease)	in creditors			1,230	(25,197)
Net cash provided	by/(used	in) operations		86,913	(52,679)

ANALYSIS OFCHANGES
	At1.1.20	Cash flow	AL'31.12.20
	E	E	E
Net cash
Cash at bank	40,728	86,934	127,662
	40,728	86,934	127,662
Total	40,728	86,934	127,662

					Notes tothe Financial Statements - continued
					forthe Year Ended 31December 2020
2.	DONATIONS	AND LEGAOES
						31.12.20	31.12.19
						f	E
	Donations					357,980	213,814
	Gift aid					31,464	24,625
	Grants					177,781	61,134
						567,225	299,573
	Grants received, included			in	the above, are asfollows:
						31.12.20	31.12.19
						E	E
	Furlough grant					19,749
	Trust and Foundation		grants			158,032	61,134
						177,781	61,134
3.	OTHER TRADING ACTIVITIES
						31.12.20	31.12.19
						f	f
	Product sales					13,074	45,264
4.	INVESllVIENT	INCOME
						31.12.20	31.12.19
						E	E
	Deposit account interest					21	51

Raising donations	Raising donations
		31.12.20	31.12.19
		E	E
Event cos'ts			1,558
Other trading activities
		31.12.20	31.12.19
		6	E
Opening stock		25,171	13,170
Purchases		471	1,156
Closing stock		(20,655)	(25,172)
Staff costs		2,276	18,646
Commission		30	240
		7,293	8,040
Aggregate	amounts	7,293	9,598

CHARITAB	LE ACllVITIES COSTS
			Grant
			funding of
			activhles	Support
		Direct	(see note	costs (see
		Costs E	7)f	note 8) E	Totals E
UKActivities		126,757		13,797	140,554
Philippine	Activities		351,434		351,434
		126,757	351,434	13,797	491,988

7.	GRANTS PAYABEE
						31.12.20	31.12.19
						E	E
	Philippine Activities					351,434	207,759
	The total grants paid to	institutions		during the year was asfollows:
						31.12.20	31.12.19
						E	E
	Upskills					351,434	207,759
8.	SUPPORT COSTS
						Governance
					Other	costs	Totals
					E	E	E
	UK Activities				9,925	3,872	13,797
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is	stated	after charlfing/(crediting):
						31.12.20	31.12.19
						E	f
	Depreciation -owned assets					744	624
10.	TRUSTEES' REMUNERATION		AND	BENEFITS

11.	STAFFCOSiS
								31.12.20	31.12.19
								f	E
	Wages and salaries							99,170	111,339
	Social security	costs						5,273	7,396
	Other pension	costs						1,100	1,309
								105,543	120,044
	The average monthly		number	ofemployees		during the year was as	follows:
								31.12.20	31.12.19
	UK office staff							4	5
	No employees	received emoluments			in excess ofE60,000.
12.	COMPARATIVES FORTHE STATEMENT OF					FINANCIAL ACIIVITIES
							Unrestdcted	Restricted	Total
							fund	funds	funds
							E	E	E
	INCOME AND	ENDOWMENTS		FROM
	Donations and	legacies					52,602	246,971	299,573
	Other trading	activities					45,264		45,264
	Investment income						51		51
	Total						97,917	246,971	344,888
	EXPENDITURE	ON
	Raising funds						9,598		9,598
	Charitable activities
	UK Activities						43,367	99,620	142,987
	Philippine Activities							208,780	208,780
	Total						52,965	308,400	361,365
	NET INCOME/(EXPENDITURE)						44,952	(61,429)	(16,477)
	Transfers between funds						(47,826)	47,826
	Net movement	in funds					(2,874)	(13,603)	(16,477)
	RECONCIUATION OF FUNDS
	Total funds brought forward						60,278	21,960	82,238

		Notes tothe Financial Statements -continued	Notes tothe Financial Statements -continued
		for the Year Ended 31December 2020
12.	COMPARAllVES	FOR THE STATEMENl'OF FINANCIAL ACllVITIES - continued
		Unrestdicted		Restdieted		Total
			fund	funds		funds
			E		E	E
	TOTAL FUNDS CARRIED FORWARD		57,404		8,357	65,761
13.	TANGIBLE FDIEDASSETS
						Computer
						equipment f
	COST
	At 1January 2020 and 31December 2020					6,224
	DEPRECIATION
	At 1January 2020					3,248
	Chargeforyear					744
	At31December 2020					3,992
	NET BOOK VALUE
	At31December 2020					2,232
	At31December 2019					2,976
1*	STOCKS
				31.12.20		31.12.19
				E		6
	Stocks			20,656		25,172
15,	DEBTORS:AMOUNTS FALUNG DUE WITHIN ONE YEAR
				31.12.20		31.12.19
				E		E
	Other debtors			2,609		1,951
	Prepayments			542		605
				3,151		2,556

16.	CREDI	TORS: AMOUNTS FAILING	DUE WITHIN ONE YEAR
					31.12.20	31.12.19
					E	E
	Trade creditors				1,147	1,332
	Social secudity and other taxes				2,374	1,546
	Pension				287	236
	Other creditors				693	157
	Accrued expenses				2,400	2,400
					6,901	5,671
17.	MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.20	in funds	funds	31.12.20
			E	E	E	E
	Unrestricted funds
	General	fund	57,404	65,055	7,070	129,529
	Restricted funds
	Upskills	General	8,357		(8,357)
	Upskills	Education		14,804		14,804
	Upskigs	Health		86		86
	0pskills	Welfare		2,381		2,381
	Upskills	Uvelihood		(1,287)	1,287
			8357	15,984	(7,070)	17,271
	TOTAL FUNDS		65,761	81,039		146,800
	Net movement in funds, included		in the above are asfollows:
				Incoming	Resources	Movement
				i'esources	expended	in funds
				E	E	E
	Unrestricted funds
	General	fund		326,449	(261,394)	65,055
	Restricted funds
	Upskills	Education		198,236	(183,432)	14,804
	Upskilis	Health		6,740	(6,654)	86
	Upskills	Welfare		27,372	(24,991)	2,381
	Upskills	Xmas		6,429	(6,429)
	Upskills	Uvelihood		15,094	(16,381)	(1,287)
				253,871	(237,887)	15,984
	TOTAL FUNDS			580,320	(499,281)	81,039

		Net	Transfers
		movement	between	At
	At1.1.19	in funds	funds	31.12.19
	E	6	E	6
Unrestricted funds
General fund	60,278	44,952	(47,826)	57,404
Restricted funds
Upskills General	21,960	(13,603)		8,357
Upskills Education		(30,134)	30,134
Upskills Health		(667)	667
Upskills Welfare		(7,483)	7,483
Upskills Xmas		(264)	264
Upskills Uvelihood		(9,278)	9,278
	21,960	(61,429)	47,826	8,357
TOTALFUNDS	82,238	(16,477)		65,761

		Incoming	Resources	Movement
		resources f	expended 6	in funds E
Unrestricted funds
General	fund	97,917	(52,965)	44,952
Restricted funds
Upskills	General	28,075	(41,678)	(13,603)
Upskills	Education	173,366	(203,500)	(30,134)
Upskills	Health	3,078	(3,745)	(667)
Upskigs	Welfare	29'273	(36,756)	(7,483)
Upskills	Xmas	6,804	(7,068)	(264)
Upskills	Uvelihood	6,375	(15,653)	(9,278)
		246,971	(308,400)	(61,429)
TOTAL	FUNDS	344,888	(361,365)	(16,477)

				Net	'Transfers	'Transfers
				movement		between		At
			At1.1.19	in funds		funds	31.12.20
			E			E		E
Unrestricted funds
General	fund		60,278	110,007		(40,756)		129,529
Restricted funds
Upsldlls	General		21,960	(13,603)		(8,357)
Upsldlls	Education			(15,330)		30,134		14,804
Upskills	Health			(581)		667		86
Upskills	Welfare			(5,102)		7,483		2,381
Ups kills	Xmas			(264)		264
Upski8s	Livelihood			(10,565)		10,565
			21,960	(45,445)		40,756		17,271
TOTAL	FUNDS		82,238	64,562			146,800
A current year 12 months		and prior year 12months	combined	net movement	in funds,	included	in the	above
as follows:
				incoming	Resources		Movement
				resources E	expended f		in funds f
Unrestricted funds
General	fund			424,366	(314,359)		110,007
Restricted funds
Upskills	General			28,075		(41,678)		(13,603)
Upskills	Education			371,602	(386,932)			(15,330)
Upskills	Health			9,818		(10,399)		(581)
Upski8s	Welfare			56,645		(61,747)		(5,102)
Upskills	Xmas			13,233		(13,497)		(264)
Upskills	Uvehhood			21,469		(32,034)	(10,565)
				500,842	(546,287)		(45,445)
TOTAL FUNDS				925,208	(860,646)			64,562

		D
		forthe Year Ended 31December 2020
			31.12.20	31.12.19
			f	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations			357,980	213,814
Gift aid			31,464	24,625
Grants			177,781	61,134
			567,225	299,573
Other trading activities
Product sales			13,074	45,264
Investment income
Deposit account	interest		21	51
Total incoming resources			580,320	344,888
EXPENDITURE
Raising donations	and legacies
Event costs				1,558
Other trading activities
Opening stock			25,171	13,170
Purchases			471	1,156
Wages			2,276	18,646
Commission			30	240
Closing stock			(20,655)	(25,172)
			7,293	8,040
Charitable activities
Wages			96,894	92,693
Socialsecurity			5,273	7,396
Pensions			1,100	1,309
Premises costs			1,317	1,298
Insurance			1,364	1,388
Telephone and stationary			3,775	6,375
Travel and subsistence			1,738	9,497
Advertising and marketing			4,369	4,085
Sundries			1,147	538
Carried forward			116,977	124,579

	Detailed Statement forthe Year Ended	ofFinancial Activities 31December 2020
		31.12.20	31.12.19
		E	E
Charitable activities
Brought forward		116,977	124,579
Bank and paypal charges		2,963	2,229
Computer consumables		1,402	689
Subscriptions		110	187
Website costs		1,440	1,086
Transportation costs		3,121
Computer equipment		744	624
Grants to institutions		351,434	207,759
		478,191	337,153
Support costs
Other
Bookkeepdng		9,925	10,431
Governance costs
Accountancy		2,400	2,514
Legal and professional	fees	1,472	1,669
		3,872	4,183
Total resources expended		499,281	361,365
Net income/(expenditure)		81,039	(16,477)