Company registration nwnber.. 8528548 Clwity T¢gistrion ttumber: 1163945 Wigan And Leigh Community Charity Wigan And t£igb Comft)ullity Charity (A company limittd by gua> Annual ReFM)rt aThl Financial Ststements for tbe Year EtKled 31 MaTcb 2021 AAZTsfxivl' 1510312022 COMPANIES HOUSE
252
Wigan And Leigh CommuDity Charity CoDt¢Dts R¢feren¢e and Athllinistrative Details Trustees, Ret 2to3 Ststement of Tn. R¢sponsibilities Independent Examinerfs ReF Ststement of Finan¢ial Activities Balan¢e Sh¢ Notes to the Financial Statements s]5
Wign And Leigh Community Charity Ref¢rellee aDd AdmiDistrative Details Mrs Eunice Smethwst Mrs Genelle Smith Dr Dane Anderton Mr P¢ter Smith MTS Jacquelin¢ Lowt Prinelpal Offe Platt Bridge Community Zone 81 Ribble Road. Plt BTidge Wigan Greater Manchester WN2 SEG cOmnY Registr•tioD Nurnbtr 8528548 Chrity Re8istr*tion Number 1163945 Page I
Wigan And L*igh Community Charity Trnstees, Report The Trustees. who are Directors for the purpw of company law. present the Annual Report together with the financial statements of the Clwitable mpanY for th¢ year eDd¢d 31 March 2021 Overview l. Wigan And L£igh Community Charity w&$ awarded £lmillion fvndiT]g in 2017 by Pow¢r to Change for 5 years 2. As part of the firture planning pro¢¢s4 the Tn&ees have agreed to widen their remiL now to include new Charitsble Objects aJKI a wider geoaphical area of iKnefiL from Abrdm Ward to the whole of the borough of Wigan. This will create a Place Based approach to growing and sustaining comrnunity ¢fflp)w¢rment. 3. At their AGM in 2020. Members aged unaniMo$1Y that there should be a n¢w name for organisation that better refle¢t&l the tM)rou8h-wide brief of the organisation, and that it should be Changed to Wigan and Ltigh Community Clwity. 4. Th¢ organisation Operat in two key areas: Asset Trdn5fer, Developm¢nt and Manag¢menL and Business Support and Growth under the banner of Made in Wigan. 5. The Made in WigaD element of their work cover5 the provision of business service& rangin8 from introductory workshops in social enterprise for schwls and other aspirant ¢ntr¢pren¢urs through to coachin& mentoring and profrssional development for more established self- employ¢d business owners. It is reflected in the Made in Wigan initiative. which promotes th¢ goods and s¢rvices of g)cial entrepreneurs in the TrA)rough
Aims and Obje¢tives Vision Values The Wigon and Leigh Community Charity (W&LCC) exists to build on the expxrtise developed in the Abrmi Ward Community Charity in order to maximizt Ial resouw¢s and instigate. nurtUTe and develop comm¥Jnity business and social ¢nterpris¢ rOsS the whole borough of Wigan. We provide the knowledge. skills networks and plarfomis to enable social enterprise in all its different fornis to thrive. thus contrib1ng at a sl1f1¢ant level to the education. employment and enterprise in Wigan and its neighbouring boroughs. OUT values includ¢ a commilment to protect the envlronment to achiev¢ n¢t-zero buildings by 2030 an unswwvtng commitment to diversity and incltssioft at all levels of our or8anisation Value Prokxtysitio The Wigan and Leigh Community Charity off5 a'one-stop shop, fora5Pirnllt kKal entreprene1$ and community leadeT5 who need access to the knowledg4 skills. netw(*ks and Tesources. both on and off line. to set up success1 commw)ity-fo¢used businesses in the borough and its immediate surroundings. The offer is provided through a mixthre of public funding and private earned income. W¢ achieve this by worktng closely with the kKal authority. lo¢al business and wmmunity n¢tworks. We manage buildings accommodating small businesses. we promote mmunity businesses by promoting them on and off line, in especially designed and managed trading locations. we empower local communities to Ixcom¢ more entrepTen¢urial through our practical. reality-based trdining and development" and we stimulate early ambitions by providing expuienc£-b&sed education. mentoring and work ¢xperien¢e for young pwple. Obje¢tiv W¢ will deliver our Vision by: i. tkv¢loping brand awareness for Wigon and Ixigh Community Charity as our overdll identity 2. Supporting a CommLtnity Wealth Building model for the rOUgh of Wigan through transfer of assets for Community Business and knial Enterprise 3. Growing Community Busin hubs across the borough of Wigan 4. Developing IM)rough-wide and regional netsvork4 w0]g ¢105ely with GTe8tsr Manchester initiatives amongst others 5. Supporting the development of ward-b&sed CottunuDity Organi5in& including Neighbourho(xJ Plan& to crrnte Planning Policies for Community BusineSS as integral to the local neighbourhoods. development 6. We have ¢omm¢n¢ed plans to develop a Community Organizing approach in Wigan Borough. and we h¢ld our Intro to Community Orgaotsers workshops in February 2021. Other Nei8hbourho(xts are now l(K•king at Community Or8anising approache4 rdn8ing from N¢IghbOurh( Planntng through to Participatory Budgeting. WLCC are pariners on an
initiative called V(Kal Eyes whi¢b will develop Neighlwhijod level approaches via Participatory Budgeting to 6 pa of the Borougb. 7. WLCC has been the representative for the kni81 Economy sector at Wigan's Community W¢alth building Anchor partnership since 2020. Over the18st 12 month4 all Anchors (in¢luding WLCC) hav¢ und¢rtak¢n a Sttnd Analysis and identifying gaps and opFK)rtunities to spend money in Wigan. alongside Regional. National and International spend. 8. During 2020 WLCC work in conjunction with Ic¢al authority's to deliver food bank provision5 Via our Hub at Platt BTidge to fatnily's isolating and suffering hardship os a result of the Covid-19 Pandernic. Page 2
WigaD And Lcigh Community Charity Tn(ees, Report Public B¢n¢fit Assets and Facilities Management- S(ial Economy actomm<)dation: rental and rM hire Platt Bridge Community Zone Pla¢¢ Based approach to managing Community Ats and Facilitie5 Made in Wigan Shop (located in Wigan Town Centre) Business Start Up and Scale Up suPt to the Social Economy in Wigan Borough Seed fvnd support to help Social Economy organisations to Start up Education, Training and Consultancy Ser¥i¢¢s Sal¢s- Made in Wigan pructs and 5ervi¢es Neighbourhocxl Plan Fonlln Cornmunity Organisin8 workshops EnteTprise Awareness PTogramTnes- SUprtIng peopl¢ of all ages to set up a Social E¢onomy organisation Partnership working with the Voluntary. Community. Faith and Social Economy sector to provide support kn local cornmunities The tryste¢$ eonfirn that they have complied with the Tequirernents of section 4 ofthe Charities Act 2011 to have due regard to the wblic efit guidaDce published bythe Clwity Commission for England and Wales. Str¥ctur< govern4oc¢ mage¢t Nlltsre olgoverhlngdoc4m¢nl . Company Limited By Guarantee by articles of &%sociiOn • Regristered with Charity CommtSSiLM) The ar)nual T¢POrt aPPToved by th¢ trlet$ of the charity OD 10 March 2022 and signed on its behalf by.. Dane Anderton Chair
Wigan And Leigh Community Chydrity Statement of Trustees, Responsibilities Th¢ trusiees (who are also the dtrectors of WigaD And Le1 Community Charity for the purp)ses of corDpany law) are Testx)nsible for preparing the truste¢s' T¢Fth and the financial $ements in accordattce with the Uniied Kingdom Accovnting Sthndards (United Kingdom Generally Accepted Accounting Practice) and applicable law and r¢gulation5. Company law requires the trLLStees w Prepare financial statements for each financial year. Under cotnpany law th¢ trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitabl¢ company and of its incoming resourn aThl application of resources. including its in¢om¢ and eX[liturt. for that period. to prqmnng these financial sthrnenW the ITstee$ are required to.. select suitable acwunling policies aDd atvly them coDsistrntly" observe the meth(hts aDd principl¢s iD the ClnI]eS SORP: make judgements and estimates that are Teasonable a1 wudenL stale whether applicable UK Accounting Stsndarth hav¢ been followe4L 5ubjKt to any Materi deparlures dis¢los¢d and explained in the fu]aDci315tstements; athl prepare the financial statements on the going ¢orJ¢¢rn tqSi5 wiJ¢s5 it is inappropte to presume that the charitable cornpaDy wi]] continue iti business. The trstee5 are responsibl¢ foT ke¢ping adequate acc(Nmtitig Tecord4 that are sufficient io show and explain the charitable Compangs transactions and disclose with mSOTthble accuracy at any time the financial position of the charitable company aDd enable them to ensure that the fJDaDcial stst¢m¢Dts wrnply with the Companies Act 2006. They are also re%w)nsibk for safeguarding the &8sets of the charitsble compatty and hence for tsking reasonable steps for the prevention and detrction of fraud and other irregularities. Approved by the tnts15 of the clwity on 10 Marth 21Y22 and sIj on its IKha]f by.. DaDe Atlderto Chair Pag¢ 4
WigaD And Leigh Community Charity Independent Examiner's Report to the truste¢s of Wigan And Leigh Communfity Charity I report on the accounts of the charity for tbe year ended JI Mh 2021 which are s¢t out Ibn pages 6 to 15 . R¢spective rPOnSibl11t1¢s of trust¢¢s •4d ¢x•miD¢r The trustees (who are also ihe direc of the company foT the purpm of company law) ar¢ r¢sponsible for the preparation of the accounts. The tru5t¢¢s consider that an audit is not required for this year under section 144(2) of the Charit1¢5 Ad 2011 (the 2011 Act) and art independeth examination is needed. Having satlsfi¢d tnyself that the ¢lwi"ty is not subj.ect to audit uTrkr ¢ompaDy jaw and i5 ¢ligible for indwndent examination, it is tny responsibility to= examine the accounts Lmder sectiOD 145 of the 2011 Act" to follow th¢ procedures laid down in ts genera] Dire(*ions given by the Charity Commission under sectio 145(5Xb) of the 2011 Act. and to state whether particular mallers bave come to my attentioJL Basis of indep¢nd¢nt examiper's r¢port My examinabon w&s carried out in accoTdaDce with the g¢DeTal Dir¢di(w giv¢n by th¢ Chartty Commission. Att examination includes a r¢vi¢w of the acwunting T¢cord5 kepi by the charity and a comparison of the accounts presented with th(tse Tecord%. It also includes consideraiion of any unusual items or dts¢losures in the a¢¢ounts, and seeking explanatioos from you as trustees CODcerning any sb [[tter5. The prrKeduTes undertaken do not provid¢ all the evidetKe that w(Mdd be required in an aUdItad consequently 00 opinion is given as to whether the accounts present a 'true and fair view, and the report is limiied to those matte¥s set out in the statement below. Independent examlner's Ststement ID connection with my exami1tiOn. no TDatter1$ come to tny attention: (l) which gives me r¢asooabl¢ to believe that in any mateTiai Tupect the rtquirements". to keep accoullting Yecords in accord with sectiOD 386 of the Companie5 Act 2(K)6' and to prepare accounts wbich accord the accounting record4 wrnply with the a¢counting requirements of section 396 of the Cotnpanies Ad 2(K)6 aTKI with th¢ rneth{ and principles of the Staiement of RecomrDended Pracb¢¢: AOnting and Rwting by ChaTities have not b¢¢n met" OT {2) to which. in my opinion. attentioD should be dAwM ID tydeT to enable a proper undetstanding of the accounts to b¢ r¢ached. Woodville A¢countsn¢y 10 March 2022 Page 5
WigaD Aod L¢igh Community Charity Stat¢m¢nt of FiDaD¢ig1 A¢tivities for the Year Ended 31 March 2021 Deluding Income and Expenditure Account and StatemeDt of Total Recognised Gains aDd SSeS) UAhrtsiTi¢t¢d funds Total 2020 Note Income 8Dd EndowmeDts froth: Donations and legacies Charit#ble activities Investment income Other inrome 167.262 158,750 Total Inoorn¢ 245.107 196.873 Expenditure on: Charirabl¢ a¢tiviti¢5 Other e4xlldfftDJre (123.758) (135J53) 74.744 Ti)tal Exrnditure 172,11 210.297 Net incomelooss) 13.424 Reconciliation of furtds Total fiulds carried foNard 19 l(K).591 27,601 All of th¢ charity's activities derive from continuing p10S during the mvc two The bjnds breakdown for 2021 is shown iD Dot¢ 19. Page 6
Wigan And Leigh Community Charity IRegistrdtioD Dumber 8528548) Balance Sbeet #s al 31 Marcb 2021 2020 No Fixed 5sets TaDgible wets 15 28.494 33,348 Crrent assets Debtors Ch at bank in hand 16 9.361 91.608 6.773 6.085 Tot•1 ssets less turrent liabilities 129.463 46,206 Creditors: Amouthts fAlliDt due After more one ye*T 17 28.872 l¥et ass¢ts 100,591 27,601 FndS of th¢ eharity: Unrestricted income fwnds Unre5tri¢ted fiLnd5 Other reserves 72.990 27.601 (13,425) Total unrestrithd funds 100591 27.601 Totsl funds 19 100.591 For the fujancial year ¢nding 31 M 2021 th¢ thity wa5 entided to lon from audit under se¢tiOD 477 of the Companies Act 2(Y)6 relaiing to small compani&%. Directors, responsibilities.. The members hav¢ not required the charity to obtain an audit of its XCOUDts for the year in question in
ccordance with section 476" and
The director5 acknowl¢dg¢ th¢iT r¢sEwsibiliti¢s for cThnptying with the rwuirements of the Act wilh respect to accounting records and the pwtion of accouNts. Th¢s¢ a¢¢owJts have been prepar ID acc(Kd with the provisions applicable tocompaDiessubject the small companies regirn¢. The ffftancial statemenis on pages 6 to 15 wert approved by the trLLstr¢s. and foT issue on ioth MaTch 2022 and sI¢d on iheir behalf by= Dane Anderton Chair Pag¢ 7
Wigan And Leigh Community Cbarity Notes to tbe FiDaDcisI Statements for th¢ Year Ended 31 March 2021 I Charity sttus The chaTity is a charity limitrd by guaran and consequendy does noi have share capital. Fach of the trustees is liable to Cotttribuie an amount rt exceeding£l towards th¢ &55ets of the c?ty in the eveni of liquidation. 2 Aeeounting polici¢5 Summary of sigDifitmt aeeountittg polieies and key 8c¢ountiDg ¢5¢11¢$ The principal accounting policies applied in the pr¢paration of these financial ststrments are set out below. These policies have been consistently applied to all the years presented unless otherwise stated. Stst¢m¢nt of compliaDtt The financial statements bave been We¢0 in ayd with Aceountitig and Reporting by Charities: Statement of Recommended Pral¢e applicable to cbarities PfEparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (¢ffedive l Janu8ry 2015) - {Chariiies SORP (FRS 102)). the Financial R¢iwtiDg Standard applicable the UK and Republic of Ireland (FRS 102) and th¢ Cornpanies Att 2)6. Ba$i5 of prepgratio Wigan And Leigh Community Charity meets the definition of a publi¢ ben¢fit enlity Ltnder FRS 102. Assets and liabilities are initially T¢C(¥gni5ed * historical c05t or transaction value unless otheNise swed in the relevant accountillg policy Tjotes. Coimg tontern The trusiees consider that there ar¢ no mateTial wi¢¢rtainties the chartty's ability io continue as a going ¢on¢¢rn nor any 5igDifiwit areL8 of llertaInty that affed the carrying value of assets held by the charity. Exemption from pr¢p8riTrg • fwsh statement The charity opted to early adopi Btsllettt) I Wblisl on 2 Febnwy 2016 aDd have therefore Dot included a ¢a5b flow statement in these finan¢ial slJtern¢nts. Income eodowments All income is r¢wgnis¢d ODC¢ th¢ rharity h&5 entitlement to the iKome. it is probable that the incorne will be received and the aTnount of the income receivable can be measured reliably. Gtonts recelv4ble Grants ar¢ recogn15ed when the charity h&s an entiilement th the fuDts and any conditions linked to the grants have been met. Where perfomiance conditiOL8 are allached to the 8rant aDd are yet to be m¢L the income is recOls¢d as a liability and included on the balance sh¢d as deferred incotAe to be rele&sed.
Wig2n And Leigh Community Charity Noles to the Financial Statements for the Year Ended 31 Mar¢b 2021 ExpeDdi¢ur¢ All expenditure is recognised onrx there is a legal or roThstructive obligatiOD to that expeDditure. tt is probable settlement is required aDd the amount can be tDe&%ured reliably. All t(ts are allocatrd to the applicable expenditure heading that aggregale similar costs th that category. Whue costs CanTt be direcily attributed to particularheadings ily have been allated on a b&sis¢onsistent withth¢ use of r¢50uw, with ¢¢ntral stsff costs alloca(ed on the basis of tirne sp¢n4 aTKI depreciation charge5 all(Kzt¢d on thE [TrOn of th¢ us¢t's use. Other 5UPPOrt wsts ar¢ alloted b&%ed on the spread of sttff cos Chanloble activili Charitable expenditure comprises those costs inawred by the clwity in the delivery of its activities and services for its b¢n¢ficiaries. It includes both costs that t be all<ed dlrectly to such actkvities and those costs of an indirect Dature nece&sary to support them. Support tO8ts Support costs include central functions and have been allorated to activity cosl categories on a basis consistent wÉth the use of resource4 foT example. all(xating prtrty costs by floor are&s. or capit4 staff costs by the time speDt and other costs by their usage. Coverngnee eosts These include the costs attributsbl¢ lo the charity's Wn)plian¢¢ with Wnstitu w)d statulory requirements. including audit, strategic management tr'S meetings aDd reimbursed expenses. Tsxatio The charity is considered io pass the iests set out ID Paragraph I Schedule 6 of the Finance Act 2010 and therefore il rneets ih¢ d¢finilion of a charitsble wmpany for UK corpoT*ion tsx purww. A]ngly. the charity is potentially exempt from taxation in Ttspect of income or capital galns received wtthin categories covered by Chapter 3 Part I l of the CorpmtiOD Tax Act 2010 or Section 256 of the Taxation of ChgCabk Gains Act 1992. to the extent thai such income or gal are applied exclusively io Charitsble purposes. Tangible fixed assets ldIVIdUal fixed assets wsting £100.() or more are itiitially Tecorded at less any subsequent accumulated d¢pr¢¢iatiOD and subs¢qu¢n¢ accumulated IM1r[neI)I losse5. D¢pre¢iatio• •wd •mortisAtiow Depreciation 15 providedon tangible fixed &%seis so &% to write offthe CO orvaluation. less #ny estimatedresidual value. over their expethed useful eco00ft life as follows.. Trnde debtors Trade debtors are amounts due from customers for rnerc1W7se sold orservice5 performed in the ordinary course of busin¢s5. Trth d¢btors are recognised initially at th¢ trantion price. Try are subs¢qwrtly measured at amortised cost u$ing the eff¢rtive int¢r¢st m¢tho(L 1¢5S PTQVi5ion for imp4irn¢nL A PTQVi5ion forth¢ irnpairnwit oftrade debiors is esiablished when there is objective evidetKethatthe chaTity will notkabletocollectall amounts due according to the original ternis of the receivables. Pag¢ 9
Wigan lind Leigh Community Charity Notes to the FiDancial Statements for the Year Ended 31 March 2021 Cash and caskn eqwivalents Cash and cash equivalents cowise cash on hand and call deposiK aThJother 5hort-tern? highly liquid inVests)t7ts that are readily wnv¢rtibk ¢0 a known atDOUDt of rnsb and ar¢ sithj¢d lo an insignifiwt risk of ¢hang¢ in value. Unrestricted income funds are general funts 8Te available for use the trLLe'$ discretion in fithrdll(e of the objectives of the charity. Desiated funds are unreskncted fUts sd &side for srrtifie purp)sts at the discretion of the trust¢es. 3 Incom¢ from doD•tions •nd lega¢i¢s UArestrtcted fund5 Total 2021 Totsl 2020 Cenernl GTants, including capital gran Grants from other clwities 4 IDcome frorn charitable e¢ivities Funds Total 2021 Design4¢¢d Community Educatioti & Skills 158750 158750 S IDves¢ment income Unrtjtricted funds Tot*] 2021 2020 Interest receivable and similar income. Interest receiT¥able OA bank deposits Page io
Wigan ADd Leigb Community Charity Notes to the Finaneial Statements for the Year Ended 31 March 2021 6. Other income fuwds Totsl 2021 Total 2020 DesigDte41 Income from tszding subsidiary D¢f¢rred Inwme Other income 75951 1.894 75,951 1.894 35,894 2.229 77.845 77.845 38.123 7. Expenditure on charitabk activi¢i Totsl 2021 Totsl 2020 D¢sigD•t¢4J Note Sthff costs All0ed support costs 93.185 93.185 94.780 25.533 25,533 40,772 Oth¢r adjustm¢nts Governance costs 7.7 7.799 7.799 126.517 Grant Inding of Aetiwity elivity sDpport Costs 9.415 144,968 Total 2021 118.718 Restrirted Funds Prince% Trust MIW MIDIS Funding Ffc Fundillg NeightM)urhood Plan SupF Food Parcel Grants ESF Funding 10.060 22,000 126283 8.662 9.939 3223 10,060 14,000 17,150 3,622 4,895 103 8,0 109.133 5,040 3.120 180.167 130J37 49.830 £0 (2020 - £11.760) of the th>ve eXndIte was auributsble to unrestricted funds and £130.337 (21r20 - £124,793) to restricted fijnds. Page 13
WigaD And Leigh Community Charity Notes to the Financial StatemeDts for the Year Ended 31 March 2021 Oth¢T Expenditure Tolal 2021 Tot1 2020 Desigtsale41 Note Stsff costs Wages and salaries Social Sur1 Other staff costs L¢gal fee5 Markering and publicity Depreciation. amortisatlOD and other $imilar costs Rent and Res Repairs and Renewals Other resources expended Allocated support costs 6520 3.5(K) 7.799 14285 8212 5,826 2216 48.358 6520 3.5 7.799 14285 8212 5.826 2216 48.358 40 12,953 9.415 15.756 33,229 4,968 2,113 74,744 13 9 AD4ly$is of gov¢rn4n¢e and support eosts Gov¢rnan¢e Costs Depreciation. amortisation and othersimilar costs Utsrestrieted fuDd$ Total 2021 Cener*l 7,799 7.799 7.799 10 Net bneornirtg resources for the yur includ¢: 2021 2020 Depreciatffion of fjxed assets 7,799 11 Trstee$ remwD¢ration apd ¢¥pens¢5 12 Staff eosts Page 13
The a8gregatr payroll co&5 were as follows: 2021 2020 Stsft costs dwring the year wern: Wages and salari¢s Social security costs Other staff costs 86.81KJ 6.385 81.89 6.740 19.394 108.025 93.185 No employee received emoluJD¢nts of moT¢ thaD £fy). durin8 the year. 13 1Ddep¢ndent ¢KaTritt¢r'$ ttmunerntlon 2020 Examination of the finan¢iai ststements 16 Page 13
Wig8n And Leigh comu1ty Charity Notes to Ihe FAnaneial Statements for the Year EDded 31 March 2021 14 Tx8tioA The charity is a registered cbarity atyj is therefore exempt from wion. 15 Tangible fixed gsets Comput¢r equipment equipm¢n¢ Totsl Cost At l April 2020 Additions 47.711 1,783 30,139 1.161 77,850 2.944 At31 Mtr¢h2021 Depreeiatio At l April 2020 Ctrthrge for the year 25,896 3.609 18.605 4,189 44,501 7,096 At 31 March 2021 29.505 Net book value At 31 March 2021 19.987 8.506 28,493 At 31 March 2020 11,534 33,348 16 Debtors 2021 2020 Trade debtOT5 9,361 6.773 17 Cr¢d•tors: amounts falling due after o•e year 2021 2020 Trade creditOTS Other cr¢ditOTS Accruals Deferred income 8.724 (682) 20,830 3,861 (682) 15.428 28,872 18,607 18 Reserves Other reserves Totsl At l April 2021 100.591 Pa8e 14
Wigan And Leigh Community Charity Notes to tb¢ FinaDciAI Statements for the Year Ended 31 Mareb 2021 19 Funds IDcomiDg Resodrtes Balance at 31 expended Mareh 2021 Unrestrieted funds Genernl (77.845) 48,357 42,650 DesIgned 167 62 123 758 Totsl funds 245,10 172.115 72,992 20 Anatysis of sxets betwee futsds Unrestrict¢d funds Getser*l Designated Totsl funds Tangible flxed assets 28,493 28,493 21 Analysls of net funds At31 March 2021 At l April 2020 Cash now C&sh at bank aDd in hand 6.085 85.523 91.608 Ne¢ d¢bt 6.085 85.523 91,608 Page 15