London Sharad Utsav – Annual Trustees Report 2020
LONDON SHARAD UTSAV
Charity Registration Number : 1160554
ANNUAL TRUSTEES REPORT – YEAR ENDING 2020
The Board of Trustees of the London Sharad Utsav presents the following report for the year 2020 (Jan-Dec 2020).
The year will be remembered in history as one of the toughest due to the onset of the Covid pandemic. Whilst our lives have been turned upside down, however we continue to honour our aims and objectives, focussing on our shared heritage and culture and supporting the vulnerable in the hour of need. Our member base continues to be stronger than ever and we continue to create strong strategic relationships with reputed organizations like High Commission of India British Council and many others.
We started the year the unique folk festival ‘Fagun Fest’ a celebration of Indian calendar month of ‘Phagun’. The showcase of traditional folk music of ‘Bauls’ originating from villages in Bengal, their stage appearance in London, a fusion with local artists in UK was a spectacle admired by all. The culinary skills of locals were on show, with presentation, taste and uniqueness of the event on test, judged by eminent and experienced judges. And we supported the cause for dying art of Kantha stitches, by showcasing a wide variety of Kantha products. The members celebrated the Hindu festival of colour, showcasing the onset of spring with a colourful event.
Since the onset of pandemic, the year took a turn towards an unknown which none of us had ever witnessed or experienced. Coupled with the pandemic, villages in Bengal were battered by the mighty force of a once in a generation cyclone. As an organization we rose to the challenge and contributed to alleviate the pain of several people, by organizing a successful fund raiser. All proceeds were donated to organizations supporting the cyclone hit villages and people suffering from pandemic. We supported the NHS charities through a fundraiser.
As highlighted in the 2019 year ending report, in 2020 we completed a thorough internal process audit of all process controls, due diligence, budgeting, approval. Several areas were highlighted where improvements were necessary. The CC8 Charity Commission guidance framework was taken as the core governing document, we discussed and reviewed the operating model of few reputed international charities, and we implemented a series of changes to ways of working, budgeting, approval of spend, disciplinary issues, contracts with proper due diligence of counterparties and transparent accounting. These together with lessons learnt from the past, all spend for the charity are recorded in QuickBooks software to enable transparent accounting, reporting and monitoring. Cash transactions have been minimized to negligible amounts and set process to approve that. The trustees are now confident that the root cause of financial and control issues will not be repeated in the future.
Our financial results for 2020 and accounting process for the year end is the testament to the controls we have put in. Financial results for the year ending 2020 showed a net surplus.
The trustees regrettably also had to take some strong disciplinary decisions regarding individuals who were opposed to changes, disrupting operational processes, creating conflict of interest, causing harm to the reputation of the charity, its trustees and hampering its operations. At all
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London Sharad Utsav – Annual Trustees Report 2020
times, the trustees followed appropriate process based on constitution and charity commission guidelines.
Moving forward we now want to create a strong financial foundation for the organization and work within a budget framework.
As the pandemic restrictions lifted, we held a couple of events for all members uplifting the community spirit, moral and psychological benefits. Young members of the community came forward to celebrate the commemoration of Prince Dwarkanath Tagore – a great visionary and pioneer. We worked closely with our strategic partner Ealing Council to convert the famous Ealing Town Hall to a place of worship under Covid guidelines of the government. As this was the first gathering of members post lockdown, every minute detail was planned with government protocols, events rehearsed, training delivered on covid safety and electronic booking of attendance slots for every member. The testament to the efforts were when the local police reviewed the event in person and lauded the efforts - the event was completed successfully. The risk assessment and training documents set the benchmark for Ealing Council and the charity as a high-quality guide to conduct events during a pandemic. This event which in line with our objectives, provided the much needed moral and psychological uplift to the community post lockdown.
We would want to thank each and every community member of the charity for their hard work, dedication to the cause and unwavering support. We also want to thank community members and trustees who left the organization in 2020 and wish them all the success for future endeavours.
We would also want to thank the broader community, who regardless of class, colour, race, gender, preferences join our events and make it a huge success reflecting the true spirit of a progressive society with human bonding.
Trustees of London Sharad Utsav
Suranjan Som – Chair Debarati Goswami Jhuma Bhadra Amit Guha Pritha Mukherjee
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REGISTERED COMPANY NUMBER.. 07386178 (England and Wales) REGISTERED CHARiff NUMBER: 1160554 eT stee and talements forthe Year En for HARAD UTSAV Unaudiled Fin ncial cem r 2020 A S Kalsi & Co, Chartered Aountants 77 Holyhead Road Birmingham West Micllands B21 OLG
ONDON SHARAD UT Contents of the Financial Ststements f r th Year Ended 31 D ember 2020 Page Report of the Trustees Independent ExamineVs Report statement of Financial Activities Balance Sheet 4t05 Notes to the Financial Statements 6t09 Detailed Statement of Financial Activitles 10t0 11
LONDIIUSHARA Re rt ofthe Trustees for the Year End d 31 ecember 2020 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07386178 (England and Wales) Registered Charity number 1160554 Registered office 77 HOLYHEAD ROAD BIRMINGHAM West Midlands B21 OLG Truslees MRS J Bhadra Mrs V Bhattacharya Mrs D Goswami A Guha Mrs P Mukheryee A K Mukhopadhyay Mrs C Saha Ssom Truustee Intems Manager Trustee Trustee Trustee Trustee Housewife Trustee - appointed 1.1.20 resigned 16.7.20 appointed 1.1.20 - appointed 1.1.20 appointed 1.1.20 resigned 25.7.20 resigned 8.7.20 Company Secretary Independent examlner A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Bimiingham West MidlarKIs 821 OLG STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assuran against fraud and error. Approved by order of the board of trustees on behalf by.. and signed on ils MRS J Bhadra - Trustee Page 1
uendenl Examiner's R LONDO SHA DUT AV tees I report on the accounts of the company for the year ended 31 December 2020, which are set out on pages three to nin8. Rèsponsibilities and basis of report As the charity's trustees (and also the directors for the purposes of company law) you a responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independanl examination. I have examined your charity's accounts as required under section 145 of the Charities Act 2011 Ilhe ACY). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5llb) of the 2011 Act. My role is to slate whether any materral matters have come to my attention giving me cause to believe: that accounting records were not kept as required by section 386 of the Companies Act 2006,. or that the accounts do not accord with those records., or that the accounts do not comply with the accounling requirements of section 396 of th8 Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charFlies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. or that there is further information needed for a proper understanding of the accounts. Independent examinerfs statement I have completed my examination and hav8 no COnmS in raspect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters Ihal require drawing to your attention. Ujjal Ghosh A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 OLG Date: Page 2
NDON SHARAD SAV tem nt of Financial Activiti for the Year En ed 31 December 020 31.12.20 Unrestricted fund 31.12.19 Totsl funds Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds Incoming resources from charitable actlvities Charitable Acttvit18S 28,850 1,657 54,216 2,954 24,840 5,218 Totsl incomlng resources 55.347 62,388 RESOURCES EXPENDED Costs of generatlng funds Costs of generating voluntary income Charitable activities Charitable Activities Govemance costs Other resources oxpended 4,923 1,338 2,738 39,161 265 1,050 77,156 Total resources expended 48,160 78.471 NET INCOMINGIIOUTGOING) RESOURCES 7.187 116,083) RECONCILIATION OF FUNDS Total funds brought forward (20,540) (4.457) TOTAL FUNDS CARRIED FORWARD (13,353) {20,540) The notes form part of these financial statements Page 3
ND SHARAD UTSAV alan e Sheet At31 D cem er 2020 31.12.20 Unrestricted fund 31.12.19 Total funds Notes CURRENT ASSErs Debtors Cash at bank 1,239 539 859 1,778 859 CREDITORS Amounts falling due within one year (15,131) {21,399) NET CURRENT ASSETSI(LIABILITIES) (13,353) (20,540) TOTAL ASSETS LESS CURRENT LIABILITIES {13,353) 120,540) NET ASSETSI{LIABILITIES) (13.353) (20,540) FUNDS Unreslricled funds (13.353) {20,540) TOTAL FUNDS (13,353) {20,540) The notes fomi part of these financial statements Page 4 continued...
ARAD Balan Sheet- continued At31D cember 2020 The charilable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020. The members have not required the company to obtain an audil of its flnancial statemenls for the year ended 31 December 2020 in accordan with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (al ensuring that the charitable company keeps accounting records Ihat comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of ils surplus or deficit for each financial year in aOrdanCe WFth Ihe requirements of Sections 394 and 395 and which otherwise MplY with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable lo the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating io charitable small companies and with the Financial Reporting Standard for Smaller Entities {effective January 2015}. The financial statements were approved by the Board of Trustees on and were signed on its behalf by: MRS J Bhadra -Trustee S Som-Trustee The notes fom) part of these financial statements Page 5
NDON SHARAD JLTSAV Notes to the Financial S ements f r th Year Ended 31 Dece er 2020 ACCOUNTING POLICIES Accounting convention The financial slatements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities {effeclive April 2008}, the Companles Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incoming resources All incoming resources are induded on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with rgasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allributed to particular headings they have been allocated to activities on a basis consistent with the use of resou$. Taxatlon The charity is exempt from corporation Lax on its charitable activitles. Fund accounting Unreslricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds can only be used for particular rastricted purposes within the objects of the charity. Restrictions arise when specified by Ihe donor or when funds are raised for particular restricted purposes. Further explanation of th8 nature and purpose of each fund is included in the notes to th8 financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ACTIVITIES FOR GENERATING FUNDS 31.12.20 31.12.19 Fundraising events 1,657 2,954 COSTS OF GENERATING VQLUNTARY INCOME 31.12.20 31.12.19 Support costs 4,923 Page 6
HARA Notes to the Financial Statements - continued f the Year Ended 31 Dember 2020 NEf INCOMINGI(OUTGOING) RESOURCES Nel resources aré stated after chargingl(cr8diting)'. 31.12.20 31.12.19 Hlre of plant and machinery 2,238 TRUSTEES, REMUNERATION AND BENEFITS There were no tnjstees, ramuneration or other benefits for the yoar endad 31 December 2020 nor for the year ended 31 December 2019 Trustees. expenses There were no trustees, 8xpenses paid for Ihe year ended 31 December 2020 nor for the year ended 31 December 2019. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 Other debtors 1,239 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 Other creditors 15,131 21.399 MOVEMENT IN FUNDS Net movement in funds At 31.12.20 Al 1.1.20 Unrestricted funds General fund (20,540} 7,187 {13.353) TOTAL FUNDS 120,5401 7.187 (13,353) Page 7
LONDON SHARAD AV Notes to the Financial Statements- continued rEnd 1 DeM er 2020 MOVEMENT IN FUNDS- Continued Net movement in funds. included in the above are as follows= Incoming Resources reSoUrS expended Movement in funds Unrestricted funds General fund 55,347 (48,160) 7,187 TOTAL FUNDS 55,347 (48,160) 7,187 Comparatives for movement In funds Net movement in fltnds At 31.12.19 At 1.1.19 Unreslricted Funds General fund (4,457) (16,083) (20,540) TOTAL FUNDS (4,4571 116,0831 (20,5401 Comparative nel movem6nt in funds, included in the above are as follows.. Incoming ReSoUrS resources expended Movement in funds Unreslricted funds General fund 62.388 (78,471) {16,083) TOTAL FUNDS 62,388 178,471) {16,083) A current year 12 months and prior year 12 months combined position Is as follows.. Net movgment At 1.1.19 In funds At 31.12.20 Unrestricted funds General fund (4,457) 18,896) {13,353) TOTAL FUNDS 14,457) (8,896) (13,353) Page 8
NDON SHARAD UT Not s to the Finan or the Year Ende I Statements - continued 31De r 2020 MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestr•cted funds General fund 117,735 1126,6311 {8,896) TOTAL FUNDS 117,735 (126.6311 18,8961 Page 9
LONDQN SHARAD Detaile Statemen f Financial Activities for the Year Ended 31 D mber 2020 31.12.20 31.12.19 INCOMING RESOURCES Voluntary income Membership Fees Donations Gift aid Sponsorship Income 15,200 6,971 6,379 300 9.877 21,194 8.697 14,448 28.850 54,216 Activities for generating funds Fundraising events 1,657 2,954 Incoming resources from charitsble actlvitles Charitable Activities 24,840 5.218 Total incoming resources 55,347 62,388 RESOURCES EXPENDED Charitable activities Advertising 246 265 Governance costs Hire of plant and machinery Accounlancy 2,238 500 1,050 2,738 1,050 Other resources expended Pula Expenses Cultural Program Expenses Storage Costs Charitable Donations Venue Hire Charges Artist Fees 11,058 155 2,777 19,379 3,402 2.390 12,220 3,344 2,457 4,639 25,170 6,343 39,161 54,173 Support costs Managemerrt Postage and stationery Transport Costs 934 300 842 545 1,234 1,387 This page does not fom part of the statutory financial statements Page 10
LONDON SHARAD UTSAV Detailed Statement of Financial Activities for the Year Ende 1 De ber 2020 31.12.20 31.12.19 Finance Bank charges Human resources Software licences Other Food & Refreshment Other 2 Postag6 and stationery Travel Expenses 158 133 2.643 13,935 706 1,274 7,520 1,980 7,520 Total resources expended 48,160 78.471 Net incomel{expendlture) 7,187 (16.083} This page does not fomi part of the ststutory financial statemenls Page11
REGISTERED COMPANY NUMBER.. 07386178 (England and Wales) REGISTERED CHARiff NUMBER: 1160554 eT stee and talements forthe Year En for HARAD UTSAV Unaudiled Fin ncial cem r 2020 A S Kalsi & Co, Chartered Aountants 77 Holyhead Road Birmingham West Micllands B21 OLG
ONDON SHARAD UT Contents of the Financial Ststements f r th Year Ended 31 D ember 2020 Page Report of the Trustees Independent ExamineVs Report statement of Financial Activities Balance Sheet 4t05 Notes to the Financial Statements 6t09 Detailed Statement of Financial Activitles 10t0 11
LONDIIUSHARA Re rt ofthe Trustees for the Year End d 31 ecember 2020 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07386178 (England and Wales) Registered Charity number 1160554 Registered office 77 HOLYHEAD ROAD BIRMINGHAM West Midlands B21 OLG Truslees MRS J Bhadra Mrs V Bhattacharya Mrs D Goswami A Guha Mrs P Mukheryee A K Mukhopadhyay Mrs C Saha Ssom Truustee Intems Manager Trustee Trustee Trustee Trustee Housewife Trustee - appointed 1.1.20 resigned 16.7.20 appointed 1.1.20 - appointed 1.1.20 appointed 1.1.20 resigned 25.7.20 resigned 8.7.20 Company Secretary Independent examlner A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Bimiingham West MidlarKIs 821 OLG STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assuran against fraud and error. Approved by order of the board of trustees on behalf by.. and signed on ils MRS J Bhadra - Trustee Page 1
uendenl Examiner's R LONDO SHA DUT AV tees I report on the accounts of the company for the year ended 31 December 2020, which are set out on pages three to nin8. Rèsponsibilities and basis of report As the charity's trustees (and also the directors for the purposes of company law) you a responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independanl examination. I have examined your charity's accounts as required under section 145 of the Charities Act 2011 Ilhe ACY). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5llb) of the 2011 Act. My role is to slate whether any materral matters have come to my attention giving me cause to believe: that accounting records were not kept as required by section 386 of the Companies Act 2006,. or that the accounts do not accord with those records., or that the accounts do not comply with the accounling requirements of section 396 of th8 Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charFlies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. or that there is further information needed for a proper understanding of the accounts. Independent examinerfs statement I have completed my examination and hav8 no COnmS in raspect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters Ihal require drawing to your attention. Ujjal Ghosh A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 OLG Date: Page 2
NDON SHARAD SAV tem nt of Financial Activiti for the Year En ed 31 December 020 31.12.20 Unrestricted fund 31.12.19 Totsl funds Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds Incoming resources from charitable actlvities Charitable Acttvit18S 28,850 1,657 54,216 2,954 24,840 5,218 Totsl incomlng resources 55.347 62,388 RESOURCES EXPENDED Costs of generatlng funds Costs of generating voluntary income Charitable activities Charitable Activities Govemance costs Other resources oxpended 4,923 1,338 2,738 39,161 265 1,050 77,156 Total resources expended 48,160 78.471 NET INCOMINGIIOUTGOING) RESOURCES 7.187 116,083) RECONCILIATION OF FUNDS Total funds brought forward (20,540) (4.457) TOTAL FUNDS CARRIED FORWARD (13,353) {20,540) The notes form part of these financial statements Page 3
ND SHARAD UTSAV alan e Sheet At31 D cem er 2020 31.12.20 Unrestricted fund 31.12.19 Total funds Notes CURRENT ASSErs Debtors Cash at bank 1,239 539 859 1,778 859 CREDITORS Amounts falling due within one year (15,131) {21,399) NET CURRENT ASSETSI(LIABILITIES) (13,353) (20,540) TOTAL ASSETS LESS CURRENT LIABILITIES {13,353) 120,540) NET ASSETSI{LIABILITIES) (13.353) (20,540) FUNDS Unreslricled funds (13.353) {20,540) TOTAL FUNDS (13,353) {20,540) The notes fomi part of these financial statements Page 4 continued...
ARAD Balan Sheet- continued At31D cember 2020 The charilable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020. The members have not required the company to obtain an audil of its flnancial statemenls for the year ended 31 December 2020 in accordan with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (al ensuring that the charitable company keeps accounting records Ihat comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of ils surplus or deficit for each financial year in aOrdanCe WFth Ihe requirements of Sections 394 and 395 and which otherwise MplY with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable lo the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating io charitable small companies and with the Financial Reporting Standard for Smaller Entities {effective January 2015}. The financial statements were approved by the Board of Trustees on and were signed on its behalf by: MRS J Bhadra -Trustee S Som-Trustee The notes fom) part of these financial statements Page 5
NDON SHARAD JLTSAV Notes to the Financial S ements f r th Year Ended 31 Dece er 2020 ACCOUNTING POLICIES Accounting convention The financial slatements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities {effeclive April 2008}, the Companles Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incoming resources All incoming resources are induded on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with rgasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allributed to particular headings they have been allocated to activities on a basis consistent with the use of resou$. Taxatlon The charity is exempt from corporation Lax on its charitable activitles. Fund accounting Unreslricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds can only be used for particular rastricted purposes within the objects of the charity. Restrictions arise when specified by Ihe donor or when funds are raised for particular restricted purposes. Further explanation of th8 nature and purpose of each fund is included in the notes to th8 financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ACTIVITIES FOR GENERATING FUNDS 31.12.20 31.12.19 Fundraising events 1,657 2,954 COSTS OF GENERATING VQLUNTARY INCOME 31.12.20 31.12.19 Support costs 4,923 Page 6
HARA Notes to the Financial Statements - continued f the Year Ended 31 Dember 2020 NEf INCOMINGI(OUTGOING) RESOURCES Nel resources aré stated after chargingl(cr8diting)'. 31.12.20 31.12.19 Hlre of plant and machinery 2,238 TRUSTEES, REMUNERATION AND BENEFITS There were no tnjstees, ramuneration or other benefits for the yoar endad 31 December 2020 nor for the year ended 31 December 2019 Trustees. expenses There were no trustees, 8xpenses paid for Ihe year ended 31 December 2020 nor for the year ended 31 December 2019. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 Other debtors 1,239 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 Other creditors 15,131 21.399 MOVEMENT IN FUNDS Net movement in funds At 31.12.20 Al 1.1.20 Unrestricted funds General fund (20,540} 7,187 {13.353) TOTAL FUNDS 120,5401 7.187 (13,353) Page 7
LONDON SHARAD AV Notes to the Financial Statements- continued rEnd 1 DeM er 2020 MOVEMENT IN FUNDS- Continued Net movement in funds. included in the above are as follows= Incoming Resources reSoUrS expended Movement in funds Unrestricted funds General fund 55,347 (48,160) 7,187 TOTAL FUNDS 55,347 (48,160) 7,187 Comparatives for movement In funds Net movement in fltnds At 31.12.19 At 1.1.19 Unreslricted Funds General fund (4,457) (16,083) (20,540) TOTAL FUNDS (4,4571 116,0831 (20,5401 Comparative nel movem6nt in funds, included in the above are as follows.. Incoming ReSoUrS resources expended Movement in funds Unreslricted funds General fund 62.388 (78,471) {16,083) TOTAL FUNDS 62,388 178,471) {16,083) A current year 12 months and prior year 12 months combined position Is as follows.. Net movgment At 1.1.19 In funds At 31.12.20 Unrestricted funds General fund (4,457) 18,896) {13,353) TOTAL FUNDS 14,457) (8,896) (13,353) Page 8
NDON SHARAD UT Not s to the Finan or the Year Ende I Statements - continued 31De r 2020 MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestr•cted funds General fund 117,735 1126,6311 {8,896) TOTAL FUNDS 117,735 (126.6311 18,8961 Page 9
LONDQN SHARAD Detaile Statemen f Financial Activities for the Year Ended 31 D mber 2020 31.12.20 31.12.19 INCOMING RESOURCES Voluntary income Membership Fees Donations Gift aid Sponsorship Income 15,200 6,971 6,379 300 9.877 21,194 8.697 14,448 28.850 54,216 Activities for generating funds Fundraising events 1,657 2,954 Incoming resources from charitsble actlvitles Charitable Activities 24,840 5.218 Total incoming resources 55,347 62,388 RESOURCES EXPENDED Charitable activities Advertising 246 265 Governance costs Hire of plant and machinery Accounlancy 2,238 500 1,050 2,738 1,050 Other resources expended Pula Expenses Cultural Program Expenses Storage Costs Charitable Donations Venue Hire Charges Artist Fees 11,058 155 2,777 19,379 3,402 2.390 12,220 3,344 2,457 4,639 25,170 6,343 39,161 54,173 Support costs Managemerrt Postage and stationery Transport Costs 934 300 842 545 1,234 1,387 This page does not fom part of the statutory financial statements Page 10
LONDON SHARAD UTSAV Detailed Statement of Financial Activities for the Year Ende 1 De ber 2020 31.12.20 31.12.19 Finance Bank charges Human resources Software licences Other Food & Refreshment Other 2 Postag6 and stationery Travel Expenses 158 133 2.643 13,935 706 1,274 7,520 1,980 7,520 Total resources expended 48,160 78.471 Net incomel{expendlture) 7,187 (16.083} This page does not fomi part of the ststutory financial statemenls Page11