Charity number: 1168234
OLIVE PATHWAY
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2021
OLIVE PATHWAY
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 - 9 |
| Notes to the financial statements | 10 - 18 |
(A company limited by guarantee)
OLIVE PATHWAY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 MARCH 2021
| Trustees | Maulbrey Mugani, Chair |
|---|---|
| Allishia Fungai Mahovo | |
| Olivia Stonham | |
| Company registered number 09266897 Charity registered number 1168234 Registered office Alderman Gatley House Office 10 1st Floor Hale Top Manchester M22 5RQ Accountants GIL Accountancy Services 177 Ballens Road Chatham Kent ME5 8PG |
Page 1
OLIVE PATHWAY
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 MARCH 2021
The Trustees present their annual report together with the financial statements of the OLIVE PATHWAY for the 31 March 2020 to 30 March 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
Policies and objectives
The charity's main objectives are:
- the relief of emotional distress and suffering and the preservation and protection of the mental, and physical health amongst ethic minorities families who have suffered or are exposed to domestic violence in particular (but not limited to) the provision of services, information and support.
2 the advancement of education of the public, in particular but not exclusively, by the provision of workshops on the fundamental effects and consequences of domestic violence.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Activities undertaken to achieve objectives
At Olive Pathway, throughout the year we engaged ourselves, service users and students on placement to attend series of virtual events organised by us and through our stakeholders and partner organisations. We organised a wellbeing event with the aim to raise awareness about the signs of mental health, coping mechanism, healthy eating and eating routines. Four Master’s students hosted MHaPP organisations at the Olive Pathway office to mark a wellbeing event themed ‘Feel Good Friday’. The aim of the event was to raise awareness on Mental Health issues, causal factors, available support, and the effects on Black Minority Ethnic (BME) communities. The event was packed with a whole lot of activities like selfcare/pamper sessions, knitting, crocheting, African jewellery display, and lots more.
Olive Pathway gave an opportunity for service users to showcase their small business ventures for the members of community to purchase/empower the service users. Olive Pathway created an avenue for general public across all boroughs within Greater Manchester to participate in the new Ministry of Justice project where Domestic Abuse Cultural Champions were trained to be agents of change in their environs and beyond. Olive Pathway recruited a total of 22 ‘Domestic Abuse Cultural Champions (DACC)’ to campaign, raise more awareness in the BME communities and advocate for the victims and survivors
.
Achievements and performance
Page 2
OLIVE PATHWAY
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 MARCH 2021
Achievements and performance (continued)
Main achievements of the Charity
Since 2021 began, Olive Pathway continued to offer specialist services to help support survivors of Gender Based Violence (GBV) and Domestic Violence in Greater Manchester. The service remained opened by delivering face to face welfare checks, food parcel deliveries, financial support, telephone, and video consultations. Our Culturally Sensitive Counselling and Life Coaching sessions also never stopped, and our service users are testifying to how relevant our service is to them. Olive Pathway supported over 500 women and families’ victims and survivors of domestic abuse and GBV through face to face, self-referrals, referrals from the local authorities, Social Services, partner organisations and through our social media platforms, black women private safe spaces on WhatsApp and Facebook.
Since the start of 2020, the rates of domestic abuse increased dramatically by over 50% in the Black and Minority Community. Domestic Violence became a pandemic within the Covid-19 Pandemic. As an organisation, we used our platforms from the start of 2021 to raise awareness for women and girls to speak out and seek the needed help. This campaign has been a trend on our social media platforms in order to get the needed support for victims and survivors of Domestic Abuse.
During the peak of Covid-19 pandemic and throughout 2021, we witnessed a high influx of referrals of women and families, victims of domestic abuse and Gender Based Violence (GBV) and most of them were homeless and need support with housing. Whilst we continued providing our usual specialist services namely; One to One face to face meetings, Outreach support, One to One Counselling, we devised other safer digital working ways which included virtual meetings, welfare checks through the telephone and text messages and to ensure that the service-users were safe during conversations we introduced ‘Red Lipstick’ code, which the women used to alert us when they were not safe, comfortable to talk in the presence of the abuser. Majority of the service-users were living in poverty as some were unemployed, asylum seekers, on spousal visa, on No Recourse to Public Funds (NRPF) and needed support with money to buy electricity, gas, food, toiletries, clothing, and transport. Olive Pathway secured a grant which assisted to set up ‘African Food Bank’ which provided food packs which consisted of various African foods to 40 families residing within Greater Manchester.
The government teamed up with independent pharmacies to launch a domestic abuse Ask for ANI codeword scheme (Action Needed Immediately). Our service users, followers and general public were made aware of this development through our regular posts on social media.
At Olive Pathway we marked the month of March to celebrate ‘International Women’s Day’. Where Olive Pathway joined the world to celebrate women's achievements and increasing visibility, while calling out inequality. The event was hosted virtually where The Lord Mayor of Manchester and Councillor Tommy Judge and other dignitaries honored us with their presence. We celebrated through spoken poetry, music, women’s day selfie cards presentation. We all held our hands up to challenge inequality, question stereotypes, and help forge an inclusive world.
We achieved great tides by receiving Hardship grants through ‘Turn2Us’, a national charity that provides practical help to people who are struggling financially. We were able to secure grant to many of our service users who have been adversely affected by the Covid-19 pandemic. Many of our service users are asylum seekers, on No Recourse to Public Funds (NRPF) and out of job for valid reasons. The great support by Turn2Us came in handy where cash ranging from £300 to £500 were granted to almost every service user.
Olive Pathway is partner member of Mama Health and Poverty Partnership (MHaPP) and in May the partnership welcomed four Mental Health Nursing Masters Students from the University of Salford on an initial four-week placement which upon students request to stay longer was increased to a six-week placement. The opportunity and partnership with the prestigious University of Salford was indeed an honour. Olive Pathway office was the student’s Hub where they were able to learn and engage with all the Organisations within the MHaPP partnership.
Page 3
OLIVE PATHWAY
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 MARCH 2021
Achievements and performance (continued)
Along the line, we saw an increase in new referrals and an increased need for financial assistance from our service users. The service continued to be relevant and present in the race to tackle Domestic Abuse and GBV. Olive Pathway delivered an awareness ‘Talk on Signs and Effects of Domestic Abuse and GBV’ to year 9 groups of both females and male at Poynton High School in Stockport, Cheshire.
Olive pathway recently, hosted the first episode of a new series of ‘Table Talk show’, discussing the shocking murder of Tamara Padi, GBV and Domestic Abuse and the DACCs took part as panel guests. The episode was aimed at highlighting the challenges being faced in the BME community and to put a stop to domestic abuse and all forms of violence.
Olive Pathway Founder & CEO, Memory Nyahunzwi was selected as a Panel Member for the Greater Manchester Women and Girls Equality Panel led by the Deputy Mayor of Gm Beverley Hughes, GM- Violence Against Women and Girls (VAWG) Sub- Group and recently selected as the Board Member for the newly launched GM- Gender Based Violence Board and strategy.
Compliments and feedback
We have received great Compliments from the general public, community leader, faith leaders, stakeholders, and our service-users on how they are finding our service useful and that how we are able to continue providing service despite the global pandemic that came with its challenges.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Reserves policy
The Charity seeks to maintain reserves which match any obligation, such as to employees, and to ensure sustainability beyond the next quarter. The target is to build and maintain unrestricted reserves equating to three months normal expenditure.
Financial results
Total receipts during the year was £78,457 (2020: £NIL). Total expenditure for the year was £49,304 (2020: £3,641). The detailed breakdown of the accounts can be found in the accompanying SOFA, balance sheet and notes.
Structure, governance and management
Constitution
OLIVE PATHWAY is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
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OLFVE PATHWAY IA ¢ompany Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 MARCH 2021 Structure. govemance and manwm•nt Icontlnued} • Méthods of appolntmènt or élèction of Trustèès The managernent of the Charily 15 the responsibilty of Ihe Tfuslees vtho are elected and co-opted under the terms ol the Memorandtjm of A&Swat. Plans for future pertods Olive Pathway is working towards securing sustainabk funds to develop and athi8V8 th8 following proposed and outstanding projecls largeied as per ou¥ 5year Strategic Plan 2020-2025". Interactivo Support App for Victims and Survtvors Developing Bespoke Training Packages on Domestic Abuse and GBV for BME cornrnunities Spe¢4alist Supported Acc(Mnm(Klation for Victims and SurvTvors of Domestic Abuse and GBV (Temporary and Long-T8mil Statement of Truste. r8sponslbllltl•s Thè Trustees (who are also the directors of the Charity for the purpos85 ol cofflpany lawl are ie5ponsible for prepaTing the Trustees, report and the fin8ncial statemenls In accordan wilh appliGable law and United Kingdom Accounting St3ndards IUnil8d Kingdom Gen8ra11y Accepted Accounting Prauicel. Company law LI1reS the Trustees to prepare financial 5talÈments for each financial . Under comp8ny law. th8 Trustees rnusl not approve the financial statements unless they are gatisfied that they give a true and fair view of the slate ol affairs of the Charity and of its irKoming res()urce5 ar èpplication of res)urces. including tts income and expenditure. for that period. In pparing these finanryal sfatements. the Trustèes a QuIred to." sdect suitable Bccounting polic*s and then apply them consistenlly. observe the methods and principles of the ch8rib.es SORP IFRS 1021.. make judgements and accounting estimates that are reasonable and prudent.. stat8 whether applicable UK Accounting Stand3Tds IFRS 1021 have been followed. subj8Ct lo any material departijres disclosed and oxplain8d in the finanoal slatemenls". prepare the financial statements on the going concern b851s unless it is inappropriate lo presume that Ihe Charity will continue in buwness. Th8 Tru5te8s are responsib for keepi adequate aCnting reCoS that ar• Suffic1 10 show and explain the Charitys transactions and ¢Jisclose WAtI reasonable accuracy at any time the financial positton of the Charity and enable them lo ensure that the financkal statements comply the Compan$ Act 2006. They are also responsibk ft)r safeguarding the assets ol the Challty and hence for taking reaSonae steps for the prevention and d&lèclion of fraL#J an4J other irreguJarities_ Approved by order of the memb8fS ol the l)oard ol Twsiees on 13 January 2022 and ggned on their b8half by.. aul rny Muyani Page 5
OLIVE PATHWAY
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 MARCH 2021
Independent Examiner's Report to the Trustees of OLIVE PATHWAY ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 March 2021.
Responsibilities and Basis of Report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 13 January 2022
D Tabiri FCCA ACIE
Page 6
OLIVE PATHWAY
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 MARCH 2021
| Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 78,457 78,457 49,304 49,304 29,153 (7,173) 29,153 21,980 |
Total funds 2021 £ 78,457 78,457 49,304 49,304 29,153 (7,173) 29,153 21,980 |
Total funds 2020 £ - - 3,641 3,641 (3,641) (3,532) (3,641) (7,173) |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
Page 7
OLIVE PATHWAY (A company limited by guarantee) REGISTERED NUMBER: 09266897
BALANCE SHEET AS AT 30 MARCH 2021
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets / liabilites Total assets less current liabilities Net assets / liabilites excluding pension asset Total net assets Charity funds Restricted funds 13 Unrestricted funds 13 Total funds |
- 31,420 31,420 (9,800) |
2021 £ 360 360 21,620 21,980 21,980 21,980 - 21,980 21,980 |
2,880 48 2,928 (10,395) |
2020 £ 294 294 (7,467) (7,173) (7,173) (7,173) - (7,173) (7,173) |
|---|---|---|---|---|
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 13 January 2022 and signed on their behalf by:
Page 8
OLIVE PATHWAY IA ¢rMnp8ny Ilmitèd by guarantee) REGISTERED NUMBER: 09286897 BALANGE SHEET ICONTINUEDI AS AT 30 MARCH 2021 The notes on pages 10 10 18 form part of these finanryal statements. Page 9
(A company limited by guarantee)
OLIVE PATHWAY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
1. General information
OLIVE PATHWAY is a registered charity, number 1168234, and is constituted under a Memorandum of Association.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
OLIVE PATHWAY meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 10
OLIVE PATHWAY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
2. Accounting policies (continued)
2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
- Computer equipment 25% Straight line
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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OLIVE PATHWAY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
2. Accounting policies (continued)
2.9 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Grants | 78,457 | 78,457 | - |
4. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Direct costs - Activities | 49,304 | 49,304 | 3,641 |
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OLIVE PATHWAY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
5. Analysis of expenditure by activities
| Direct costs Total 2020 |
Activities undertaken directly 2021 £ 48,193 2,954 |
Support costs 2021 £ 1,111 687 |
Total funds 2021 £ 49,304 3,641 |
Total funds 2020 £ 3,641 |
|---|---|---|---|---|
Analysis of direct costs
| Staff costs Travel and subsistence Coaching and mentoring sessions Computer software costs Computer & IT Consumables Insurance Printing, postage and stationery Adverising and publicity Training Telephone Professional fees Family support Catering costs Volunteer costs Subscriptions |
Activities 2021 £ 15,880 52 1,655 137 1,497 657 6,600 1,965 624 1,080 15,990 350 - 1,471 235 48,193 |
Total funds 2021 £ 15,880 52 1,655 137 1,497 657 6,600 1,965 624 1,080 15,990 350 - 1,471 235 48,193 |
Total funds 2020 £ - - - - - 14 1,200 - - - - - 1,310 430 - |
|---|---|---|---|
| 2,954 |
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OLIVE PATHWAY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| Depreciation Printing, postage and stationery Bank charges Other office costs |
Activities 2021 £ 384 - 184 543 1,111 |
Total funds 2021 £ 384 - 184 543 1,111 |
Total funds 2020 £ 294 40 74 279 |
|---|---|---|---|
| 687 |
6. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £ - ( 2020 - £ - ).
7. Staff costs
| Wages and salaries Contribution to defined contribution pension schemes |
2021 £ 15,698 182 15,880 |
2020 £ - - |
|---|---|---|
| - |
The average number of persons employed by the Charity during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Staff | 1 | 1 |
No employee received remuneration amounting to more than £60,000 in either year.
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .
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OLIVE PATHWAY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
8. Trustees' remuneration and expenses (continued)
During the year ended 30 March 2021, no Trustee expenses have been incurred (2020 - £NIL) .
9. Tangible fixed assets
| Cost or valuation At 31 March 2020 Additions At 30 March 2021 Depreciation At 31 March 2020 Charge for the year At 30 March 2021 Net book value At 30 March 2021 At 30 March 2020 10. Debtors |
Computer equipment £ 1,470 450 |
|---|---|
| 1,920 | |
| 1,176 384 |
|
| 1,560 | |
| 360 | |
| 294 | |
| Due within one year Other debtors |
2021 £ - - |
2020 £ 2,880 2,880 |
|---|---|---|
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OLIVE PATHWAY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
11. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors |
2021 £ - 2,089 7,711 9,800 |
2020 £ 1 - 10,394 |
|---|---|---|
| 10,395 |
12. Financial instruments
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 31,420 | 48 |
Financial assets measured at fair value through income and expenditure comprise cash at bank.
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(A company limited by guarantee)
OLIVE PATHWAY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
13. Statement of funds
| Statement of funds - current year Unrestricted funds General Funds - all funds Statement of funds - prior year Unrestricted funds General Funds - all funds |
Balance at 31 March 2020 £ (7,173) Balance at 1 March 2019 £ (3,532) |
Income £ 78,457 Income £ - |
Expenditure £ (49,304) Expenditure £ (3,641) |
Balance at 30 March 2021 £ 21,980 Balance at 30 March 2020 £ (7,173) |
|---|---|---|---|---|
| 14. Summary of funds Summary of funds - current year General funds Summary of funds - prior year General funds |
Balance at 31 March 2020 £ (7,173) |
Income £ 78,457 Balance at 1 March 2019 £ (3,532) |
Expenditure £ (49,304) Expenditure £ (3,641) |
Balance at 30 March 2021 £ 21,980 Balance at 30 March 2020 £ (7,173) |
|---|---|---|---|---|
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(A company limited by guarantee)
OLIVE PATHWAY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2021 £ Tangible fixed assets 360 Current assets 31,420 Creditors due within one year (9,800) Total 21,980 |
Total funds 2021 £ 360 31,420 (9,800) 21,980 |
|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 294 2,928 (10,395) (7,173) |
Total funds 2020 £ 294 2,928 (10,395) (7,173) |
|---|---|---|
16. Pension commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £182 (2020 - £NIL) No outstanding contributions were payable to the fund at the balance sheet date.
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