Registered Charity number 1165577
THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
CONTENTS
Pages
Trustees and professional advisers
Trustees. annual report
Statement of trustees. responsibilities
Independent examine¢s report
Statement of financial activities
Balance sheet
Notes to the financial statements
10 to18

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
STATEMENT OF TRUSTEES RESPOSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2021
Charity Number
1165577
Trustees
Camielo Severino
Stephen Harding
Ben Haining
Graham Dove
Duncan Foster
Philip Scott
Jason Tumer
Principal address
Epsilon House Business Centre
Epsilon House
Masterlord offi￿ Willage
1-5 Epsilon Terrace
West Road
IpswiGh
IP3 9FJ
Bankers
Royal Bank of Scotland
8-10 Prince5 Street
Ipswich
IP1 1QT
Solicitors
Fisher Jones Greenwood
Charter Court
Newcomen Way
Colchester Business Park
Colchester
Essex
C04 9YA
The Trustees have pleasure in presenting the re￿rt and the financial statements of the Charity
for the year ended 31 March 2021.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Elena Baltacha Foundation is a registered Charrtable Incorporated Organisation regulated
by the Charity Commission, charity number. 1165577.
The financial statements comply with the Charities Act 2011. the goveming document, the
accounting policies set out in the notes to the financial statements, and Accounting and Reporting
by Charities: Ststement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102) {effective 1 January 2019)-

THE ELENA BALTACHA FOUNDATION
(A Charitsble Incorporated Organisation)
STATEMENT OF TRUSTEES RESPOSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2021
The goveming document of the Charity is the Constitution of a Charitable Incorpofated
Organisation whose only voting members are its charity trustees, last amended on 15 August
2016. The Trustees meet regularly ar)d play an adive role in the management of the Foundation.
TRUSTEE RECRUITMENT
Trustee recruitment has been achieved through the very wide network of individuals that the
Foundation beneffts from. and is driven by the following 6 key components:
Ensuring our trustees ensure that our Foundation is caryin9 Out tts purposes for the
benefft of young people through sport.
They comply wÉth the Foundation's governing document and the law.
They act in the best interests of the Foundation.
They manage the Foundation's resources responsibly.
They act with reasonable care and skill.
They ensure our Foundation is accountable.
The criteria for recruitment is base(J on diversty, skills, experien￿ and knowledge. We currently
enjoy a board of trustees across finance, law, business, and corporate. The trustees are put
forward by very trusted and reputable individuals and entities that support the Foundation, we
recruit trustees based on the offering they can wovide which will ultimately manrfest itself in
board decisions that enhance and benefit the young people we aim to support.
OBJECTIVES AND ACTIVITIES
The Foundation looks to promote communty participation in heatthy recreation. in particular by
the provision of facilities for the playing of tennis for young people to advance in life.. and to help
young people through the provision of recreational and leisure time activities provided in the
interest of social welfare. designed to improve their conditions of lrfe.
The Foundation provides tennis opportunitses to young people across the Ipswich area including
areas of deprivation.
This includes a large programme of Free Tennis Road Shows that are delivered on site in each
school. Every pupil who attends will receive an invitation to attend a follow on Free Tennis Session
which includes a structured tennis coaching experien￿. and a guidan￿ programme for every
parent outlining the way fomard in tennis for their child. Each parent will be provided with the
infomiation about many of the tennis clubs and academies in the Ipswich area where they can
continue their tennis joumey, whether that be recreational, or elite pathway
The Foundation team offers a support and guidance programme for the parents and tennis
players themselves. The support includes a free consultancy service advising parents on key
programme sessions and programme direction. volume and qualty.
The Foundation in partnership with the offers unique tennis eXperien￿S for young players.
The team also commf(s to offeting events throughoLrt the year to enhan￿ the life experiences of
young tennis players supported by the Foundation.

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
STATEMENT OF TRUSTEES RESPOSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2021
The FOur￿atIOn has created a muMi-SPOrt development programme (SS4B) for young people,
focused on creating a connection between sporting environment, cutture and experien￿, and
how this affects the development of their personalty, characters and skills. Our aim is to heavily
focus on young people who live and attend education within deprived areas of the geography we
will operate within.
The SS4B Programme, promotes a connection with the virtues that are being built from a sporting
experience and life, it also offers educational modules and reSoUr￿S that further adds to the
skills. knovAedge and experiences that the young people in the SS4B Programme will benefit
from.
The SS4B Programme offers a general leaming management and community engagement
platform where the full SS4B programme is ac￿sed. On this platform the Foundation offers
events, experien￿$ and the educational and development m¢Jdules that indude areas such as:
> Mental Skills
> Strength and Condttioning
> NLrtrition
> Lifestyle
It also offers a wide range of support regarding career opportuniiies and preparing for a life in
business On￿ the young person exits education.
The Trustees confirm that the Foundation has referred to the guidance contained in the Charity
Commission's general guidan￿ on public benefft when ￿vie￿ng the Foundation's aims and
objectives and in planning fijture activities.
The objectives of the Charity, as outlined in its constitution, are..
To promote communty partr'cipation in healthy recreats'on in particular by the provision of
facilities for the playing of tennis for young people..
To advance in lrfe and help young Feople through the provision of recreational and leisure
time activities provided in the interests of social welfare. designed to improve their
conditions in lrfe- and
The provision and administration of grant monies. services or other provisions, to
individuals, organisations or other entrties. in furtheran￿ and fuifilment of the above
objects
RISK REVIEW
The Trustees have conducted a review of the major risks to which the Charity is exposed and
systems have been established to mitigate those risks. Should the Foundation have a need for
additional funding for specific projects a strategic plan would be developed which would allow for
the diversification of funding and activities. Intemal risks are minimised by the implementation of
procedures for authorisation of all transactions and projects and to ensure consistent quality of
delivery for all operational aspects of the Charity. These Pro￿dureS are reviewed annually to
ensure that they still meet the needs of the Chartty.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE AND FINANCIAL REVIEW
The period running up to the 31 March 2021 has been an extremely Ghallenging period, as it has
for many sporting charities. Covid completely terminated any Tennis Road Show plans and

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
STATEMENT OF TRUSTEES RESPOSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2021
schedules we had developed for this period. We switched our focus to online delivery, offering
well-being through our online platfomi. including physical fftness sessions, mental skills and
nutrition.
Moving forward we have now r&designed our delivery to cope vltih the challenges of Covid, and
will continue to focus on ensuring our structure, principles and methods can cope with the limrting
factors of Covid.
This down time in terms of face40-face delivery. prOV￿ed us with the opportunity of further
developing our SS4B online Programme. Over The Covid period we were able to create an
OLrtstanding online plafforni that has exceeded our quality expectation and has now created an
opportunity to affect many young people in a very positive way. from mentals skills, emotional
development, and lrfe opportunities.
Incoming resources for the year were £24,248 and reSoU￿S expended were £20,854. With
brought fO￿ard funds of £4,475. this gave the Foundation dosing funds of £7,869 at 31 March
2021 that will be applied in future years.
Fundraising activities are entered into when it is felt that these would benefit the profile and long-
temi financial position of the Foundab'on, all events have been placed on hold due to the COVID-
19 virus.
Further infomiation regarding the Foundation's actiVit￿S is provided under the heading of
"Objectives and activities. on page 2.
GOING CONCERN
The Trustees are satisfied that the Charity has adequate resources to continue in operational
existence for the foreseeable future. and for a penod of at least 12 months from the date of
approving these financial statements. For this reason the Trustees continue to adopt the going
concem basis in preparing the accounts. Due to Covid-19 the charities fundraising events have
been cancelled and all costs where possible have been frozen, we have also used the
Coronavirus Job Retention Scheme to keep staff employed, desptte this V￿ believe we can
manage with the resources we have.
RESERVES POLICY
It is the policy of the Trustees to hold reseNes that are considered to be at a suitable level to
ensure the work of the Foundation could continue in an ordered manner from year to year, even
rf incoming reSoUr￿S were to reduce.
Funds of £7,869 {2020: £4.4751 held at the yearend £4,844 unrestricted and £3,025 restricted
PLANS FOR THE FUTURE
EBF (Trading) Ltd is a wholly owned trading subsidiary of the Foundation. The intention is for Ihe
Subsidiary to operate commercial activrties with a view to appropriating any residual profft to the
Foundation by way of gift aid.
We have just Gompleted the Love All Global Auction fund raising event. The Elena Baltacha

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
STATEMENT OF TRUSTEES RESPOSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2021
Foundation was instrumental in bringing together 4 enttties, Judy Murray 'mu￿aY Play
Foundation,, Geewhiz Charity and The Charitiy. Love All delivered a suc￿Ssful outcome,
providing each of the four beneficiaries wtth £16.500
Our Tennis Road Shows and the promotion of tennis in the communty will be by far the largest
part of our delivery, but we will also offer the SS4B Programme to a select number of senior
schools and identtfied students.
Other than this, the Trustees. plans for the Foundation are consistent with the aims and objectives
already noted in this report.
TRUSTEES
The Trustees who have served Sin￿ 1 April 2019 are as follows:
Camielo Severino Reappointed 24103121
Stephen Harding Reappointed 24103121
Ben Haining
Reappointed 24103121
Graham Dove
Appointed 2310512019
Duncan Foster
Appointed 1311112020
Philip Scott
Appointed 0411212020
Jason Tumer
Appointed 0410112021
The Trustees listed above also represent the Key Management Personnel.
Approved by the Trustees on 31 .1 . 21 and stqned on their behaff by
Camielo Severino
Trustee
TRUSTEES, RESPONSIBILITIES
The Charity's Trustees are responsible for preparing the Annual Report and financial statements
in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare financial
statements for each financial year in accordance wtih United Kingdom Generally Accepted
Accounting Practice (Unf(ed Kingdom Actounting Standards and applicable law). The Trustees
must not apwove the finanaal statements unless they are satisfied that they give a true and fair
view of the state of affairs of the chanty and of the incoming reSour￿S and application of

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
STATEMENT OF TRUSTEES RESPOSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2021
resources. induding the income and expenditure, of the charity for that year.
In preparing these financial statements. the trustees are required to..
a) select suitable accourrting wlicies and apply them consistently.
b) observe the methods aThJ principles in the Chartties SORP",
c) make judgments and estimates that are reasonable and prudent.
d) state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements., and
el prepare the financial staternents on the going cOn￿M basis unless rf( is inappropriate to
presume that the chartty will continue to operate.
The Trustees are responsible for keeping SLrfficient a¢counting records that disclose with
reasonable accuracy at any time the financial posrtion of the charity and enable them to ensure
that the financial statements Comply with the Charrties Act 2011, the Char'ty (Accounts and
Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for
safeguarding the assets of the chanty and hence for taking reasonable steps for the prevention
and detection of fraud and other 1ffegularrt￿S

THE ELENA BALTACHA FOUNDATION
(A Charitsble Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
Total
Funds
2021
Total
Funds
2020
Unrestricted Restricted
Funds
Funds
Notes
Income from:
Donations and legacies
2,807
2,807
24,686
Charitable activiknes
3.658
3,658
3,953
Other trading activrties
17.783
17,873
799
Investrnents
10
Total income
20,590
3,6S8
24.248
29,448
Expenditure on:
Raising funds
321
Charitable activities
20.221
633
20,854
34,158
Total expenditure
20.221
633
20.854
34,479
Net movement in funds
369
3,025
3,394
(5,031)
Total funds brought
forward
4,475
4,475
9506
Total funds carried
forward
14
3,025
7,869
4,475

THE ELENA BALTACHA FOUNDATION
{A Charitable Incorporated Organisation)
BALANCE SHEET
AT 31 MARCH 2021
2021
2020
Fixed assets
Investments
10
Current assets
Debtors
Cash at bank
10.072
3.317
10,089
1,512
13,389
11,601
Creditors: amounts falling
due within one year
12
5.520
7,127
Net CUT￿nt assets
7,869
4,474
Net assets
7.869
4,475
Funds
Total funds
14
7,869
4,475
These financial statements were approved by the Trustees on
behalf of the Board of Trustees by
and are signed on
Carmelo Severino
Trustee

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
ACCOUNTING POLICIES
Basls of accountlng
The financial statements have been prepared under the historical cost convention. The
financial statements have been prepared in accordan￿ with the Statement of
Recommended Practi￿.. Accounting and Reporting by CharÉties applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable
in the United Kingdom and RepU￿￿1C of Ireland (FRS 102) and the Charities Act 2011 and
UK Generally Accepted Pradio as it applies from 1 January 2019.
The financial statements have been prepared to give a Yrue and fair, view and have
departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent
required to provide a Yrue and fair view.. This departure has involved following Accounting
and Reporting by Chartties preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than
the Accounting and Reporting by Charities: Statement of Recommended Practice
effective from 1 April 2005 which has since been withdrawn.
The charity constitutes a public benefft entty as defined by FRS 102.
The financial statements are rounded to the nearest £1 and are prepared in sterfing.
Consolidation
The Charty has taken exemption from the need to prepare consolidated financial
ststements on the basis that the group that it heads constitutes a small reporting entty.
Going Concern
Having considered the Charity's forecasts and projections, the Trustees are satisfied that
the Charity has adequate resour￿$ to continue in operational existence for the
foreseeable future, and for a period of at least 12 months from the date of approving these
financial statements. For this reason the Trustees continue to adopt the going concem
basis in preparing the accounts_ Due to Covid-19 the Charity's fundraising events have
been rAncelled and all costs where possible have been frozen, we have also used the
Coronavirus Job Retention Scheme to keep staff employed. On this basis we beli8vè we
can manage with the resources we have.
Incoming resources
All incoming resources are induded in the Ststement of Financial Activities when the
charity 15 legally entitled to the income and the amount can be quantified with reasonable
accuracy.
10-

THE ELENA BALTACHA FOUNDATION
(A Charitsble Incorporated Organisation)
NOTES TO THE FINANCIAL STATEPaENTS
FOR THE YEAR ENDED 31 MARCH 2021
ACCOUNTING POLICIES- {continued)
Cash flow sLknment
The financial statements do not indude a cash flow statement because the charity, as a
small reporting entty, is exempt from the requirement to prepare such a statement under
Financial Reporting Standard 102.
Resources expended
All expenditure is accounted for on an accruals basis and is recognised when there is a
legal or constructive obligation to pay. Expenditure has been classified under headings
that aggregate all costs related to the category.
Governan￿ Costs are those incU￿ed in conneth.on with the management and
administration of the charity and Complian￿ with constitutional and statutory
requirements. The Trustees, view is that support and govemance costs should all be
allocated to the costs of charttable activit￿S.
Resou￿$ expended indude VAT which cannot be recovered.
Taxation
The Elena Baltacha Foundation is a charity wtthin the meaning of the Charities Act 2011
and as such is a charity within the meaning of Part 11. Corporation Tax Act 2010.
Accordingly, it is potentially exempt from taxation in respect of income or gains re￿iVed
within categories covered by Part 11, Corporation Tax Act 2010 or Section 256 of the
Taxation of Chargeable Gains Act 1992 to the exient that such income or gains
are applied exclusively to tts charitable purposes.
Investments
Investments are stated at cost less provision for any diminuiion in value.
Cash and cash equivalents
Cash and cash equivalents are recognised as such and included with other cash balances
where they represent short term, highly liquid investments that are readily convertible to
a known amount of cash, without being subject to a significant change in value.
Funds
Funds restricted by the donor are treated as restricted fvnds.
All other re￿[pt$ are unrestricted funds which are available to sperKI on actiVFties that
further any of the Charity's objects.
11

THE ELENA BALTACHA FOUNDATION
(A Charitsble Incorporatsd Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
ACCOUNTING POLICIES- Icontinued
Financial instruments
Financial instruments are classffied and accourrted for. according to the substance of the
ontractual arrangemen( as erther finanoal assets or financial liabilit￿S..
Short temi debtors (financial assets) are measured at amortised cost.
Short term credrtors and loans (financial liabilities) are measured at amortised cost.
Included within short term debtors is an intercompany balan￿ which can be converted into
equity if required.
Significant judgements and estimatss
The more significant judgements and estimates involved in the preparation of the financial
statements include assessing how ￿rtain costs should be apportioned. Further details
regarding this point are included elsewhere within the accounting policies.
Pension
The Charity's chosen pension scheme is held with Nest, all employees are assessed as per the
Auto Enrolment rules under the Pension Act 2008.
Foreign Exchange
Transactions in currencies other than pounds slerfing are recorded at the rates of exchange
prevailing at the dates of the transactions. At each reporting end date, monetary assets and
liabilities that are denominated in foreign Cu￿enCieS are retranslated at the rates prevailing on
the reporting end date. Gains and losses arising on translation are included in net movement
for the period.
13-

THE ELENA BALTACHA FOUNDATION
(A Charitsble Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
DONATIONS AND LEGACIES
Total
Funds
2021
Total
Funds
2020
Unrestricted Restricted
Funds
Funds
Analysis by acttvty:
Provision of sports
reGreational acts'vities
2,807
2,807
24,686
Donations
2,807
2,807
24,686
Included above are restricted funds of £Nil (2020 .' £Nil).
CHARITABLE ACTIVITIES
Total
Funds
2021
Total
Funds
2020
Unrestricted Restricted
Funds
Funds
Analysis by activity..
Provision of sports
recreational activities
3,658
3.658
3,953
Coaching income
Sports scien￿ income
A grant
GIYM income
Membership fees
3.658
3.658
3,953
3,658
3,658
3.953
Included above are restricted furKls of £3.658 (2020: £3,953).
13-

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 MARCH 2021
4. OTHER TRADING ACTIVITIES
Total
Funds
2021
Total
Funds
2020
Unrestricted Restricted
Funds
Funds
Awards evening
Other fundraising income
JRS Grant Income
799
17,783
17.783
17,783
17,783
799
Induded aljove are restricted fvnds of £Nil (2020.. £Nil).
INVESTMENTS
Total
Funds
2021
Total
Funds
2020
Unrestricted Restricted
Funds
Funds
Bank interest r￿1Vable
10
Included above are restricted funds of £Nil (2019: £Nil}.
RAISING FUNDS
Total
Funds
2021
Total
Funds
2020
Unrestricted Restricted
Funds
Funds
Awards evening
Other fundraising costs
321
321
Included above are restricted funds of £Nil (2020: £Nil).
14-

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
CHARITABLE ACTIVITIES
Restated
Total
Funds
2020
Total
Unrestricted Restricted Funds
Funds
Funds
2020
Analysis by activty-.
Provision of sports recreational
activities
30,205
3,953
34,158
34,158
Court hire fees
Coaching fees
Other Gharitable Gosts..
Free schools programme
Tournament Trips
SS4B
Miscellaneous
Support and govemance costs (note 8)
50
100
2,340
757
4,467
200
26,244
-200
20.421
-200
21,054
633
20,221
633
20,854
34,158
Included above a￿ restricted funds of £633 (2020: £3,953).
15-

THE ELENA BALTACHA FOUNDATION
(A Charitsble Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
SUPPORT AND GOVERNANCE COSTS
Total
Unrostricted Restricted Funds
Fund5
Funds
2021
Total
Funds
2020
Advertising and promolion
Bank services and charges
Insurance
Just Giving fees
Office costs
Travel and hospitalty
Virgin Money giving fees
Website and IT
Financial and administration support
Accountancy
Independent Examinerfs fee
ISC membership fees
Wages
Employers NICS
Employers Pension Contributions
87
78
493
216
315
3,734
446
216
50
216
so
118
585
975
585
975
288
5,750
1,140
17.783
583
18,366
14.143
204
301
20,421
633
21,054
26,244
Included above are restricted funds of £633 (2020 . £1,463).
The average number of employees in the year was 2 (2020.2) no employees eam
more than £60k
RELATED PARTY TRANSACTIONS
The Foundation is controlled by the Trustees as a Board The Trustees (who also represent
the Key Management Personnel) received no remuneration from the Charrty during the year
(2020-. £Nil).
As at 31 March 2021, £4.353 (2020 . £3,857) was owed to Cannelo Severino, a Trustee, as
disclosed in note 12 to the financial statements_ £86 was paid to Carmelo Severino a
Trustee for expenses reimbursed (2019: £1,630).
As at 31a March 2021 £10,072 was owed by EBF (Trading) Ltd, a trading subsidiary which
Ihe Chanty holds a 1 OOtsA shareholding EBF (Trading) Ltd donated £NIL to the Charity
during the year {2020- £11.0¢)O).
16-

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
10. FIXED ASSEf INVESTMENTS
Charity inveslment in subsidiary:
Total
At 31 March 2020 and 31 March 2021
The investment in subsidiary relates to a 100°k shareholding in EBF ffrading) Limited. a
ompany incorporated in England and Wales, company number 09866026.
The principal activrty of EBF (Trading) Limtted is the provision of sports activrties. For the
year ended 31° March 2021 the company made a loss of £-17,542 (2020 '. £25,755),
and at Ihis date had a deficit in capFial and reserves of £-10,253 (2018 '. £18,289).
11. DEBTORS
2021
2020
Trade debtors
Amounts owed by EBF (Trading) Limited
10,072
10,089
10,072
10,089
12. CREDITORS: AMOUNTS FALUNG DUE WtrHIN ONE YEAR
2021
2020
Trade creditors
Amounts owed to Camielo Severino, Trustee
Independent Examinerfs fee
other creditors
24
4,353
1,140
1,510
3,857
1,140
620
5,520
7,127
17-

THE ELENA BALTACHA FOUNDATION
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
13. FINANCIAL INSTRUMENTS
2021
2020
Financial assets
Financial assets measured at amortised cost
10,072
10,089
Financlal Ilabllltles
Financial liabilities measured at amortised cost
5,520
7,127
Financial assets measured at amortised cost comprise trade debtors and amounts owed
by group undertakn'ngs.
Financial liabilities measured at amortised cost comprise trade creditors, amounts owed
to Camelo Severino and other creditor5.
14. FUNDS
Balance at Incomrng Resources Balance at
31 Ma￿h
resources expended 31 March
2020
in year
in year
2021
Unrestricted Funds
4,475
20,590
20,221
Restricted Funds
3.658
633
3,025
Total funds
4.475
24,248
20,854
7,869
Balance at Incoming Resources Balance at
31 March
resources
expended 31 March
2019
in year
in year
2020
Unrestricted Funds
9,506
25.495
30,526
4,475
Restricted Funds
3.953
3,9S3
Total funds
9.506
29.448
34,479
4,475
18-