Registered Charity No: 1158829
Full Circle Food Project
Ashington
Report of the Trustees
And Unaudited Financial Statements For the year ended 31[st] July 2021
FULL CIRCLE FOOD PROJECT
CONTENTS
| Trustees’ Annual Report | Page: 1 |
|---|---|
| Statement of Trustees’ Responsibilities | Page: 6 |
| Independent Examiner’s Report | Page: 7 |
| Statement of Financial Activity | Page: 8 |
| Balance Sheet | Page: 9 |
| Notes to the Accounts | Page: 10 |
FULL CIRCLE FOOD PROJECT
TRUSTEES’ ANNUAL REPORT FOR THE PERIOD ENDING 31 JULY 2021
The trustees present their Annual Report and the Financial Statements for the year ended 31[st] July 2021
Objectives and Activities
The principle objectives of the Charity are:
-
To preserve and protect good health for the public benefit through providing information and advice in relation to healthy eating and nutrition and the importance of a healthy diet.
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To advance the education of the public in all aspects of healthy eating, growing food to eat and nutrition and the importance of a healthy diet, including the planning and preparing of healthy meals.
-
Such other charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.
Mission Statement
The central purpose and role of Full Circle Food is defined as:
“We educate people living in Northumberland about growing food to eat, healthy cooking on a budget, and supporting people to lead healthier lifestyles. We place community members at the heart of our service delivery.”
Two core values underpin our mission:
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We want to make a difference to the people of Northumberland, especially those in the most disadvantaged communities.
-
We are inclusive in all of the provision we deliver, and offer our services to all who want to attend.
Objectives
-
To provide high quality education, training, support, information and advice to local people in Northumberland about:
-
a. Growing food to eat;
-
b. Healthy cooking on a budget
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c. Leading healthier lifestyles.
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To expand our range of high quality, needs-led direct programmes for local people, drawing on skilled and experienced staff and trained and well-supported volunteers.
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To expand our organisation through demonstrating the value-added impact of our interventions with and for a range of leading partners.
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To build the profile, visibility and accessibility of our project, utilising our GROW – COOK – EAT strapline through the digital agenda and collaborative partnering.
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To underpin all of our activity in a well-governed, vibrant and sustainable manner – through pursuing financially sustainable policies and best governance practice.
[1]
FULL CIRCLE FOOD PROJECT
TRUSTEES’ ANNUAL REPORT FOR THE PERIOD ENDING 31 JULY 2021
Key Activities
The charity is now based in a permanent location within Hirst Park growing Zone in Ashington. These fantastic premises with community gardens and teaching kitchens allow for a wide range of activities linked to the charity’s objectives. The year was challenging in terms of service delivery as it included significant periods of Covid 19 restrictions. However the following activities did go ahead when lockdown allowed:
-
Twice weekly cooking classes for children in the new teaching kitchen
-
Twice weekly cooking classes, for young people and adults, of all abilities
-
Preparation of our new community garden in the Hirst Park Growing Zone
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Creation of a new sensory garden
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Weekly community food and coffee drop-ins
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Partnership working with Northumberland CVA’s Bridge Project on supported volunteering
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Creation and delivery of a Food Larder – serving up to 70 people in need, per week
-
New health-based services – including Health Trainers and Social Prescribers
-
School Holiday activity programmes for children, especially during summer 2021.
Activities for the Public Benefit
The trustees understand the implications of the Charities Act 2006, which states that charities must demonstrate they are established for Public Benefit. The trustees believe that the charity meets the key principles of the guidance issued by the Charity Commission about Public Benefit.
Achievements
Despite a difficult operational year, Full Circle Food has worked hard to maintain and expand on services. More delivery has been done on-line via video, and our social media following has massively increased. We have done specific projects, e.g. Recipe Bag delivery – a constructive cooking activity for families to do at home when schools were closed.
We have made a leap forward in developing partnerships with other local charities and the Northumberland Communities Together network.
In response to community need the Food larder has become a regular feature of our service.
The Covid Pandemic has not stopped the settlement of at least 200 asylum seekers and refugees in Ashington. Full Circle Food has embraced these families and offered support where needed in partnership with local churches and with Northumberland County of Sanctuary.
Financial Review
The trustees have to report a deficit for this financial year, but they continue to monitor the finance of the organisation on a regular basis and seek to improve the charities free reserves.
[2]
FULL CIRCLE FOOD PROJECT
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDING 31 JULY 2021
Review of Financial Results and Reserves
The deficit for the financial year has been debited to reserves as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted Funds | (1,375) | (854) |
| Restricted Funds | - | - |
| _ | _ | |
| Defcit/Surplus for the year | (1,375) | (854) |
| _ | _ |
As a result of this, at 31 July 2021, the total reserves for the unrestricted funds, which were being carried forward were £5,179:
2021
2020
| £ | £ | |
|---|---|---|
| General reserves | 4,256 | 5,892 |
| Fixed Asset Fund | 923 | 662 |
| _ | _ | |
| Total reserves for the Unrestricted Funds 5,179 | 6,554 | |
| _ | _ |
Reserves Policy
The trustees continue to review and monitor the charity’s finances to ensure that its reserves are adequate for the needs of its activities.
[3]
FULL CIRCLE FOOD PROJECT
TRUSTEES’ ANNUAL REPORT FOR THE PERIOD ENDING 31 JULY 2021
Trustees’ Expenses
No trustees were reimbursed expenses in this financial year.
Structure, Governance and Management
The project became an unincorporated registered charity on the 18[th] September 2014.
The day to day management of the project is overseen by the manager of the project.
The project’s trustees hold frequent management meetings and regularly communicate with its staff and supporters.
Report of Serious Incident
The trustees confirm that they have not had to report any serious issues to the charity Commission.
Policy for Monitoring and Review
The trustees continue to review the project’s policies and procedures to ensure they comply with current legislation. They are also reviewing activities to increase their free reserves.
Redundancy Provision
The provision of £3,350 is sufficient for our liability at 31 July 2021.
[4]
FULL CIRCLE FOOD PROJECT
TRUSTEES’ ANNUAL REPORT FOR THE PERIOD ENDING 31 JULY 2021
Reference and Administrative details
Charity Name: Full Circle Food Project Charity Number: 1158829 Principle Address: Hirst Park Growing Zone 5[th] Avenue Ashington Northumberland NE63 9BA
Board of Trustees: Mr. Joe Jackson Mrs. Gail Balance Mrs. Harriet Benson Mr. Jon Niblo (Resigned March 2021) Mr. Peregrine Solly Mr. Paul Kirkpatrick Mrs. Claire Yates
Independent Examiner: Northumberland CVA
107 & 109 Station Road
Ashington Northumberland NE63 8RS Bankers: Unity Trust Bank PLC 9 Brindley Place Birmingham B1 2HB
The trustees conclude their annual report in recording their thanks to all who have supported and have contributed to the project activities in a challenging year.
Approval
This report was approved by order of the Board of Trustees on the ………………………………. and signed on its behalf by
…………………………………………..
Mr. Joe Jackson
[5]
FULL CIRCLE FOOD PROJECT
STATEMENT OF THE TRUSTEES’ RESPONSIBILITIES
Charity law requires the trustees to prepare Financial Statements for each financial year, which give a true and fair view of the affairs of the charity and its financial activities for that period. In preparing those Financial Statements, the trustees are required to:
Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent State whether applicable accounting standards have been followed
State whether applicable statements of recommended practice have been followed
Prepare the Financial Statements on the going concern basis
The trustees are responsible for keeping proper records, which disclose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure that the accounts comply with current legislation. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
[6]
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE:
FULL CIRCLE FOOD PROJECT
For the year ending 31 July 2021
I report on the accounts of the charity for the year ending 31 July 2021, which are set out on pages 8 to 9.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general direction given by the Charity Commission under section 145 (5) (b) of the 2011 Act and to state whether any particular matters have come to my attention.
Basis of Independent Examiner’s report
My examination was carried out in accordance with the general direction given by the Charity commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items of disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention which would give me reasonable cause to believe that in any material respect the requirements:
To keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met, or to which in my opinion attention should be drawn in order for a proper understanding of the accounts to be reached.
R. A. James Northumberland CVA 107 & 109 Station Road Ashington Northumberland NE63 8RS
…………………………………………..
Mr. Rodney James [7]
FULL CIRCLE FOOD PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
For the year ending 31 July 2021
Restricted 2021 2020 NoteUnrestrictedIncome TotalPrior year Funds Funds Funds Funds £ £ £ £ INCOME AND ENDOWMENTS FROM: Charitable activities Grants 4,011 116,996 121,007 111,774 Sundry sales 2,470 - 2,470 976 _ _ _ _
TOTAL
3/10 6,481 116,996 123,477 112,750
| EXPENDITURE ON: | |||||
|---|---|---|---|---|---|
| Charitable activities | 7,198 116,996 | 124,194 | 112,983 | ||
| Other | 658 | - | 658 | 621 | |
| _ | _ | _ | _ | ||
| TOTAL | 4 | 7,856 116,996 | 124,852 | 113,604 | |
| _ | _ | _ | _ | ||
| Net income/expenditure for the | year | (1,375) | - | (1,375) | (854) |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 6,554 | - | 6,554 | 7,408 | |
| _ | _ | _ | _ | ||
| TOTAL FUNDS CARRIED FORWARD | 11 | 5,179 | - | 5,179 | |
| 6,554 | _ | _ | _ | _ |
The statement of financial activities includes all gains and losses in the year. All incoming resources expended derive from continuing activities.
[8]
FULL CIRCLE FOOD PROJECT BALANCE SHEET As at 31 July 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Restricted | Total | Total | |||
| UnrestrictedIncome | This | Last | |||
| Note | Funds | Funds | Year | Year | |
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible assets | 6 | 923 | - | 923 | 662 |
| _ | _ | _ | _ | ||
| CURRENT ASSETS | |||||
| Cash at bank and in hand | 7 | 7,956 | 59,216 | 67,172 | 65,771 |
CREDITORS
Amounts falling due in one year 59,879
9
3,700 59,216 62,916
| _ NET CURRENT ASSETS 4,256 _ _ TOTAL ASSETS LESS CURRENT LIABILITIES 11 5,179 _ FUNDS OF THE CHARITY Restricted income funds - Unrestricted funds 5,179 _ TOTAL FUNDS 5,179 |
_ - _ _ - _ - - _ - |
_ 4,256 _ _ 5,179 _ - 5,179 _ 5,179 |
_ 5,892 _ _ 6,554 _ - 6,554 _ 6,554 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees on the ……………………………. And were signed on its behalf by:
…………………………………………..
Mr. Joe Jackson The notes on pages 11 to 17 form part of the financial statement.
[9]
FULL CIRCLE FOOD PROJECT
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 July 2021
1. BASIS OF PREPARATION
Basis for accounting
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland (FRS 102), issued on 16[th] July 2014, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared on the going concern basis, which assumes that the Charity will continue in operational existence for the foreseeable future.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
2. ACCOUNTING POLICIES
Income
The main source of income is from grants received for specific areas of work.
Expenditure
This includes Expenses of the Charity with provision being made for any outstanding accounts at the end of the year.
Depreciation
The tangible assets of the Charity are depreciated now at 25%.
Fund Accounting
Unrestricted funds can be used in accordance with its charitable objectives at the direction of the trustees.
Restricted funds can only be used for particular restricted purposes within the objectives of the Charity, or as specified by the donor, or when funds are raised for a particular purpose.
Financial reporting Standard 102: reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102: the Financial Reporting Standard applicable to the UK and the Republic of Ireland:
- The Requirement of Section 7: Statement of Cash Flows
[10]
FULL CIRCLE FOOD PROJECT
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 July 2021
2021 2021 2020 2020 Unrestricted RestrictedUnrestrictedRestricted Funds Funds Funds Funds £ £ £ £
3.INCOME
| Grants 101,174 Sundry sales TOTAL 4.ANALYSIS OF EXPENDITURE Salaries 73,767 Project running cost Administration Redundancy provision Premises cost Insurance OTHER EXPENDITURE Independent Examiner’s fee Depreciation |
4,011 116,996 10,600 2,470 - 976 - _ _ _ _ 6,481 116,996 11,576 101,174 _ _ _ _ 2,411 92,986 2,891 1,111 24,010 - 27,407 1,159 - 2,667 - 850 - 2,500 - 1,667 - 2,667 - - - 1,084 - _ _ _ _ 7,198 116,996 11,809 101,174 _ _ _ _ 350 - 400 - 308 - 221 - _ _ _ _ 658 - 621 - _ _ _ _ |
|---|---|
TOTAL RESOURCES EXPENDED
_ _ _ _ 7,856 116,996 12,430 101,174
[11]
FULL CIRCLE FOOD PROJECT NOTES TO THE UNAUDITED FINANCIAL STATEMENTS For the year ended 31 July 2021
2021 2021 2020 2020 Unrestricted RestrictedUnrestrictedRestricted Funds Funds Funds Funds £ £ £ £
5. PAID EMPLOYEES
The average number of employees during the year did not exceed 4
The total salaries paid, inc. National Insurance and Pension, were 2,411 92,966 2,891 73,767 _ _ _ _
No employee received emoluments in excess of £60,000. Grants of £1,162 from the Coronavirus Job Retention Scheme were received.
| 2021 | 2020 | |
|---|---|---|
| Total | Total | |
| £ | £ | |
| 6. TANGIBLE FIXED ASSETS | ||
| Cost at 1stAugust 2020 | 1,747 | 1,747 |
| Additions | 569 | - |
| _ | _ | |
| 2,316 | 1,747 | |
| _ | _ | |
| Depreciation at 1stAugust 2020 | 1,085 | 864 |
| Charge for 2021 | 308 | 221 |
| _ | _ | |
| 1,393 | 1,085 | |
| _ | _ | |
| Net book value at 31stJuly 2021 | 923 | 662 |
| _ | _ |
In this financial year, grants of £22,862 were received for capital expenditure, i.e. for the purchase of a motor van: £7,000, and for the construction of a new kitchen plus the equipment: £15,862. This expenditure and a similar sum of the grants received were transferred to the Fixtures and Fittings Capital Account, therefore leaving a nil net cost to the charity. No estimates have been included in this account for the possible residual value of these items.
The grants received were £5,000 from the Antonio Carluccio Foundation Funds, £4,100 from NCC Community Chest, £7,000 from DEFRA Wrap 2 Surplus Fund, £1,700 from the Digital Skills Fund, £5,062 from Northumberland County Council (Net Funding)
[12]
FULL CIRCLE FOOD PROJECT
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 July 2021
| 2021 | 2020 | |
|---|---|---|
| Total | Total | |
| £ | £ | |
| 7. CASH AT BANK |
| Designated funds | 59,216 | 54,929 |
|---|---|---|
| Free funds | 7,949 | 10,775 |
| Cash in hand | 7 | 67 |
| _ | _ | |
| 67,172 | 65,771 | |
| _ | _ | |
| 8.DEBTORS | None | None |
9. CREDITORS
All are due for payment within one year
| Designated funds Sundry project accounts Deferred income Undesignated Funds Independent Examiner’s fee Outstanding rent Redundancy provision |
3,917 55,299 350 - 3,350 _ 62,916 |
1,237 53,742 400 2,000 2,500 _ 59,879 |
|---|---|---|
[13]
FULL CIRCLE FOOD PROJECT NOTES TO THE UNAUDITED FINANCIAL STATEMENTS For the year ended 31 July 2021
10. CHARITY FUNDS
Funds at Incoming Resources Funds at 01.08.20resourcesexpended 31.07.21 £ £ £ £ (Reserves) (Reserves)
Unrestricted funds
6,554 6,481 7,856 5,179
Deferred Deferred income Incoming Resources income 01.08.20resourcesexpended 31.07.21 £ £ £ £ Restricted funds 53,742 118,553 116,996 55,299 _ _ _ _
SUMMARY
| Deferred income of 01.08.20 | 53,742 | 20,410 |
|---|---|---|
| Unrestricted income | 6,481 | 11,576 |
| Restricted income | 118,553 | 134,506 |
| _ | _ | |
| 178,776 | 166,492 | |
| Less deferred income of 31.07.21 | 55,299 | |
| 53,742 | ||
| _ | _ | |
| Adjusted income per SOFA | 123,477 | 112,750 |
| _ | _ |
Note 10 continued overleaf
[14]
FULL CIRCLE FOOD PROJECT NOTES TO THE UNAUDITED FINANCIAL STATEMENTS For the year ended 31 July 2020
Note 10 continued
| Balance | Incoming | Balance | |
|---|---|---|---|
| 01.08.20resources | 31.07.21 | ||
| £ | £ | £ | |
| Unrestricted Funds | |||
| R W Mann | - | 1,000 | - |
| Grid Adventures | - | 2,000 | - |
| Pay Pal Giving Fund | - | 1,011 | - |
| _ | _ | _ | |
|---|---|---|---|
| - | 4,011 | - | |
| _ | _ | _ | |
| Restricted Funds | |||
| Prince of Wales Foundation Trust | 1,051 | - | |
| - | |||
| Community Chest (Northumberland) | 828 | - | - |
| Community Foundation: Leaf Fund | 741 | - | - |
| Coalfelds Regeneration Trust | 4,765 | - | |
| 434 | |||
| Squires Foundation* | 1,440 | - | - |
| Tudor Trust | 1,410 | 27,000 | - |
| Northumberland Children’s Trust | 9,927 | - | |
| 2,266 | |||
| BBC Children in Need | 3,086 | 24,310 | - |
| COVID-19 Trust | 1,046 | 943 | 1,214 |
| Greggs Foundation | 4,501 | 15,000 | 1,506 |
| Food Poverty Fund* | 1,845 | - | |
| Antonio Carluccio Foundation | 10,000 | - | |
| 4,582 | |||
| Ashington Development Trust* | 6,000 | - | |
| The Reed Foundation* | 2,600 | - | |
| Awards for All | 3,200 | - | - |
| The Vantage Fund | 117 | - | - |
| Awards for All | 1,185 | - | - |
| _ | _ | _ | |
| 53,742 | 67,253 | 10,002 | |
| _ | _ | _ |
Note 10 continued overleaf
[15]
FULL CIRCLE FOOD PROJECT
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 July 2021
Note 10 continued
Balance Incoming Balance 01.08.20resources 31.07.21 £ £ £
New restricted funds
| NCC Men in Sheds | 500 | 177 | |
|---|---|---|---|
| Greggs Foundation (new) | 15,000 | 8,587 | |
| DEFRA Wrap 2 Surplus Fund | 3,000 | ||
| - | |||
| Groundwork: Sensory Garden | 1,000 | ||
| - | |||
| NCC and Ashington Town Council: Cllr Mark Austin | 2,000 | ||
| 68 | |||
| Northumberland Freemasons’ Charitable | Trust | 4,000 | |
| 4,000 | |||
| Garfeld Weston Foundation | 10,000 | ||
| 9,511 | |||
| The National Lottery Community Fund | 10,000 | 10,000 | |
| NCC Community Fund | 4,100 | 2,000 | |
| Digital Skills Fund | 1,700 | 954 | |
| _ | _ | ||
| 51,300 | 35,297 | ||
| Capital grant money | 10,000 | ||
| Balance to be returned to funder | |||
| _ | |||
| 45,297 | |||
| _ | |||
| _ | _ | _ | |
| TALS | 53,742 | 118,553 | 55,299 |
| _ | _ | _ |
TOTALS
N.B. Grants marked * came via The Community Foundation. All references to the Community Foundation in this schedule refer to the Community Foundation serving Tyne & Wear and Northumberland.
[16]
FULL CIRCLE FOOD PROJECT
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 July 2021
11. CHARITY FUNDS
The analysis of the Net Assets between funds is:
Restricted 2021 2020 Unrestricted Income Total Total
| Funds | Funds | Funds | Funds | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Fund balances at 31 July 2021 | ||||
| Income Fund | - | - | - | - |
| Free Funds | 5,179 | - | 5,179 | 6,554 |
| _ | _ | _ | _ | |
| Total Net Assets | 5,179 | - | 5,179 | 6,554 |
12. CAPITAL COMMITMENTS
There were no capital commitments as at 31 July 2021
13. PENSION
A workplace pension with auto-enrolment is in operation for eligible staff.
14. RELATED PARTY TRANSACTIONS
There were no transactions with related parties during the year.
[17]
FULL CIRCLE FOOD PROJECT INCOME AND EXPENDITURE
For the year ended 31 July 2021
| 2021 | 2021 | 2020 | 2020 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Restricted | |
| £ | £ | £ | £ | |
| INCOME | ||||
| Sundry sales/donations | 4,011 | 116,996 | 976 | - |
| Grants received | 2,470 | - | 10,600 | 101,174 |
| _ | _ | _ | _ | |
| 6,481 | 116,996 | 11,576 | 101,174 | |
| _ | _ | _ | _ |
EXPENDITURE
| Salaries, pensions & Nat. Ins.2,411 | Salaries, pensions & Nat. Ins.2,411 | 92,986 | 2,891 | 73,767 |
|---|---|---|---|---|
| Project running costs 1,111 |
24,010 | - | 27,407 | |
| Rent | 1,667 | - | 2,667 | - |
| Ofce administration cost 1,087 | - | 2,595 | - | |
| Accountancy | 350 | - | 400 | - |
| Insurance | - | - | 1,084 | - |
| Bank charges | 72 | - | 72 | - |
| Redundancy provision 850 |
- | 2,500 | - | |
| Depreciation | 308 | - | 221 | - |
| _ | _ | _ | _ | |
| 7,856 | 116,996 | 12,430 | 101,174 | |
| _ | _ | _ | _ | |
| DEFICIT | (1,375) | - | (854) | - |
| _ | _ | _ | _ | |
| FUNDS TO THE CHARITY | ||||
| Balance brought forward | ||||
| Restricted Income Fund - |
- | - | - | |
| Unrestricted Income Fund 6,554 | - | 7,408 | - | |
| _ | _ | _ | _ | |
| Less Defcit/Surplus | for year(1,375) | - | (854) | - |
| _ | _ | _ | _ | |
| Balance carried forward 5,179 |
- | 6,554 | - | |
| _ | _ | _ | _ | |
| FULL CIRCLE FOOD PROJECT | ||||
| BALANCE SHEET | ||||
| For the year ended 31st July 2021 | ||||
| 2021 | 2021 | 2020 | 2020 | |
| Unrestricted | Restricted | Unrestricted | Restricted | |
| £ | £ | £ | £ | |
| FIXED ASSETS | ||||
| Tangible Assets | 923 | - | 662 | - |
| _ | _ | _ | _ | |
| CURRENT ASSETS | ||||
| Cash at bank/in hand 7,956 |
59,216 | 10,842 | 54,929 |
CURRENT LIABILITIES
| Sundry creditors | 350 | 3,917 | 2,450 | 1,187 |
|---|---|---|---|---|
| Deferred income | - | 55,299 | - | 53,742 |
| Redundancy provision | 3,350 | - | 2,500 | - |
| _ | _ | _ | _ | |
| 3,700 | 59,216 | 4,950 | 54,929 | |
| _ | _ | _ | _ | |
| NET CURRENT ASSETS | 4,256 | - | 5,892 | - |
| _ | _ | _ | _ | |
| TOTAL ASSETS | ||||
| LESS CURRENT LIABILITIES5,179 | - | 6,554 | - | |
| _ | _ | _ | _ | |
| FUNDS OF THE CHARITY | ||||
| Restricted income funds | - | - | - | - |
| Unrestricted funds | 5,179 | - | 6,554 | - |
| _ | _ | _ | _ | |
| TOTAL FUNDS | 5,179 | - | 6,554 | |
| _ | _ | _ | _ |
These accounts do not form part of the statutory accounts, but they are produced for the trustees’ information only.
Note : During the year, grants were received for the purchase of a van and for a new kitchen; the total cost was £22,862. This expenditure was covered by grants received, therefore the net cost to the charity was NIL. However, these items have a residual value if sold.