Company registiation number: 10907656. Charity registration number: 1169347
Our Space (Staffs) Limited
known aa
Our Space
(A company limited by guarantee) Annual Report and Financial Statements forthe Year Ended 31 March 2024
Paryl Denson ACMA VAST The Budson Centre Hope Streci Hanley Stoke-on-Trent Staffordshire: ST1 5DD
©ur Space (Staffs) Limited
known as Our Space
Contents:
. Réferance and Administrative Details 7 Trustees’ Report 2to 11 Independent Examiner's Report 12 Statement.of Financial Activities 13 t0'14 Balance Sheet 15 Notes ta the Financial: Statements 16 to:30
Our Space (Staffs) Limited
known as Our Space
Reference and Administrative Details
Trustess:
Trustess: Michael Rogalski, Chair Hannah Dean, Treasurer Faye Johngon, Secretary , Christina Loftus Senior Management Team Jane Smith, Service Manager Principal Office The Brook Centra Starilér Street Newcastle under Lyme Staffordshira 8T5 28U The charity is-incorporated.in England. Company Registratlon Number 10007655 Charity Registration Number 1169347
Bankers Nat West. : Newcastle. High Street ‘Newcastle- UnderLyme Staffordstire Independent Examiner Daryi Denson ACMA. VAST Tha Dudson Centre. Hope Street Haniey Stoke-on-Trent Staffordshire . $T1 5DD
Page 1
Our Space (Staffs) Limited
known as Our Space
Trustees’ Report (Incorporating Directors’ Report)
The trusteas, who are directers icr the purposes of company Jaw, present the arinual feport together with the financlal statements of the charitable company. for the year ended'31 March 2021. Trustees Michael Rogalski, Chair Adrian Bail, Chair (resigned’5 October 2020} Hannah Dean, Treasurer Faye Johnson, Secretary Christina Lofius.
Charity Overview | ; Our Space (Staffs). Ltd is a charity set up In February 2076 to provide activities and facilities for children arid aduits with disabilities and thelr farnilies. .Based at The Brook Centre, Newcastle -under- yma, our premises. provide the speciallst faciitilas needed in order to be-able to deliver.a fully-accassible service: our variety of sessions aré run bya team. of paid staff with. support from volunteers. Tha 2020-2021 year has been a challenging year for many reasons. Even before Coyid-19 arrived, we knew we were heading for e yaar of change and new challenges; Approach were due toaye.the partnership in April 2020, meaning that wa would have sole responsiblityfor the running costs-of our premises, and our Children in Need funding was te coma ta an andin Novernber2020 after funding our Service Manager and Playworkers for 3 years. At the beginning of 2020 we were-also wall underway with fundraising for the full refurbishment of our soft play area and. had hoped that this would have beeninstalledwithin the 2020-2021 year, When Covtd-19 struck in March 2026, all our plans for the year had to changé and we found curssives having to adapt very quickly: to the fast-emerging situation. 2020,With a anditien national lockdownfor a second Imposed, time bebveenwe-fiad Novemberto close.dooré 2620at andOur Space March 2021, from MarcThis h ad’a 2920h u ntllge thepotential and ofimpact July on us financially, but what was much harder was not being able to providea service for-our members at a time when ‘Itwas nesded more than ever. Throughoutseasions.and both fo¢kdown periodswe adapted our service to remote provision, running a Series-of Zoom successful.andkeeping enabledin ourtouch memberswith ‘membersto keep viain:contactemail andwith telephone.each otherOur andFridayto take Zoom part Clubin fun wasactivities pariculartyduring’a pariod whan they were able to do very little outside of their home. Heweyer,for many of our young people and their families, what they really neededwas for.our doors to reopen se that they could access face-to-face sessions agaln. After a lot of preparation and witi restrictions July 2020 ahd we ran our summer playscheme,in place, wfamily s e .ssions wera able and to évening reopenclub’ doors sessions, to Our Spaceuntill we at want the end ofback, inte iockdown inNovember, All thase sessions had to run with smaller numbers in order to ensure we were operatingperiod. ...andwittiinieveryone Government was so pleased guidelines; to'beas a resultback! we were fully booked fer all sesslons within the 3.month
Page 2
Our Space (Staffs) Limited
known as Our Space
Trustees’ Report (incorporating Directors’ Report)
With regards fo-findnces, we: are’ in a much batter position at the end. of the 2020-2021 year than we ‘had anticipated being, Throughout the lockdown periods, we were unableto generateany income through the cunning ofsessions, all plarined fundraising events had to be cancelled and general donations were few and far between. However, wewere able to. access a series ofGovid recovery grants (see later in apart) which have ori¢ged the ‘gap for us and we were able t6 make usa ofthe Goverment furlough scheme. for part of the year for'some of aur stall: Woe find ourselves ‘in the fortunate: position al the end of the financial year ofhaving recovered from a projected. deficit arid have eciualy managed fo ‘generate a. surplusIh funds. The Trustees nave taken the decision to allocate this surplus to the-soft play fund which means thal we can now move ahead and plan forinstallationfor later this year. This. has been a priority: within our Sustriesa plan for some time ‘and we are pleased that we are now in a position to proceed.
‘Objectives and activities
Objects and aims
The purposes of Our Spaca.as get-out In our Articles of Association are;
-To promote the benefit of children, young people and adults with a disablity. {including learning disabillty, physical digabllity, sansory impairment, behavioural and emotional difficulties}, withaut distinction of gender, sexual orientation, race or individual financial means, or of political,- religious or.otheropinions by:the provision of play, social and educational opportunities,
To provide opportunities for the. famities of such chiidran,-young people and aduits fo obtain respite and suppert.
Pubite Seriefit
Qur main activities in the 2020-2021 year have besn the provisionof sessions to benafit chikdran, young people ‘and adults with a disability and. thelr families: owing‘to Covid restrictions some of thase sessions have been fun ‘remotely via Zoom during the lockdown periods: and outskie. of lockdown periods, numbers ‘at seasions have beén greatly rastricted.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011/10 have’ due regard to the public benefit. guidance published ‘by the Charity:Gammissionfor England and Wales.
Page 3
Our Space (Staffs) Limited
known as Our Space
. Trustees’ Report (incorporating Directors’ Report)
Achievementsand perfonnanca
Qur main activities Inthe 2020-2021 year have been tha provision af sessions to Déenefit children, young -peaple and adults with a disability and their families; owing to, Covid rastictions soms.of these. sessions have been run remotely'via Zeom during the lockdown periods and outside of fockdewn periods; numbers at sessions have bean greaily restricted.
1) Sessions and activities provided
During the course ofthe year Our Spacehas provided:
(a) Evening Club Sessions
- Our Space Juniors takes place every Tuesday avaning for children with. disability aged 8.to.12 years. * Our Space Seniors takes piace every Thursday evening for young people aged 12'to'18 years. + Our Spate Plus+ takes place every Friday évening for taénagers and young adults aged. 18upwards. All these dub sessions provide members: with tha opportunity to meet with friends; socialise. ard take part in recreational activiles:- for some this. is thelr only. social actlyity and the only opportunity they have:: to gain Independence away from-thsir parents/ carers.
As a result of Covid restrictions, over the last 12 months the three sessions have fun-as facetoface sessions only between. September and November. During the lockdown pertods, Our Space Plus+ ran remotely via Zoom. on a weekly basis, offering a range of fun activities Including quizzes, bingo, magic, dance parlias and.drumming ‘havesessions.fim atThisa weeklytime whenZoomtheyclubwere enabied.our unable to. m s e mbers0 anyoneto keepoutsideintouchtheir withimmediatesach other,househald.share thelrZoom newssassionsand, were also offered to members of Junior and Senior Club on a fortnightly basis. For the 2 mdnths betwéen September and November whan sessions were running face-to-face. (with restricted numbers}, the thrse sessions offered face-to-face places to 45 ‘chikiren, teenagers and young. adults. During iockdown, Friday Zoom sessionsware attracting between 12 and 18 young péaple each week; Junior and Senior Zoom-sessions were less popular, mainly as the younger age groups were leas keento interact online.
Face-to-faceclub sessions resumed after the Easter holidays in April. 2021.
Page 4
Our Space (Staffs) Limited
Known as Our Space
Trustees’ Report (incorporating Directors’ Report)
(b) Adult Drop4n Sessions
Our Space Adult Sécial usually fakes place weaklyon @ Wednesday avening. These sesstons are fer anyone aver the age of 18:who has a disability to attend either independently or with-a carer. Over the past year the Adult Social has only taken place face-to-face (and with restricted numbers) between : Septamber and November. During the fockdown penods we jan‘the “session on a regular basis via Zoom, providing 8 rangé of activities similar ta those of the Friday Zoom sessions. ‘Face-{o-faca Adult Social sesskons, resumed after the Easter holidays in April 2021.
Unfortunately, we have Deen unable fo'ruh cur monthly disco forthe duration of the 2020-2021 peried as a result ‘of Government rastrictlons for this typa of activity. We hope.tobe able to resume discos later in 2021.
(c} Family Sessions
One of our most ‘popular sessions has always.been our weekly Saturday atterncon family session which can be attended by any family that has a child with a disability, t Is’an opportunily.for the whole family tc .attend together for parents to meet each other, gain: mutual support and relax whilst thelr children, both with and without ‘disebilities, can play in a safe and stimulating environment.
Although we ran a serleg of Zoom sesglons for familles during, lockdown, our face-to-face family sessions were greatly missed. On reguming family sessions in July 2021 (until November when we went into the second lockdown period), we had.to adapt them from being droep-in.styeseasidns io pre-booked. sessions, In order that we met all Government guidelines, Numbers had.to.be greatly restricted In-order to meet social distancing guidance which meant that-our family sessions were in great demand and we saw each one -fully-booked[to][the][ appropriate][capacity.] in. the 13+weekpertod batwean July and November, famlly-sessions saw 411 family visits with 176 children and young people (143 with a disability} and 139 parents/carers banefitting from them. We currently have 197 individual famities who.are members of Our Spaces: Family sessions resumad after the. second lockdown periodal the beginning of the Easter holidays 202%.
(d} Holiday Playschemes.
Holiday playschames usually take place at each of the school breaks during the year (Easter holiday, summer holiday and half-terms in May, October: and February). Over the pasi year, wa have only run playscheme during , the summer 2020 hojidays and October ‘half-term and numbers had to be- greaily restricted to comply with Gavemnment guidance. Chiidren and young people attended these playechsmiss for eliher’a moming.or afternoon session, cr. stayed for a full day. A total of 170 places were offered to children and young people with a disability.at. these sessions,
Page.5.
Our Space (Staffs) Limited
known as Our Space
Trusteas' Report (incorporating Diractors' Report)
{8) School and Group Visits
During the week, tann-time, and at. available times at the weekend and during school holidays, spacial schools and groups-are-able to make private bookingsto.make use of the facilities at The Brook Centra, Since Approach have fie longer-shared our premises (fram Apri 2020), we have had greater capacity during the week for private bookings, although lockdown periods have impacted on.the number of bookingswe have been able to take. Over, the last 12 months, there’ have been 115 visits made by special schocls and colleges in. the atea and by other support groups; a8 well: as by some local adult provisions. in-total-326 children and adults whh.a disability have visited with these groups.
(f) Aiming High Acthvitlas
Our Space continues to be contracted through Action fer Children to provide short break. activites as ‘part of-the Stoke-on-Trent Aiming High programme..
In the paricd we have provided mainly ontine Zoom sessions:
2) Fundratsing Activites Pundraising notivities this year have. vary much bean put on-hold-as restrictions have made italmoat impossible. ‘to run events or to-do things such a3 bucket collections,
In Fabruary 2021, Our Space reached the milastoneof belhg 5 years old. We: have launched a 5 Star Challenge. campaignto run throughout the 12 months of-our 5th anniversary year and are ancouraging peaple to take on a challenge that Incorporates tha number 5 inorder te false funds for Us. We are hoping that aftera year of-not basingsome ablé.to fundraise, this campalgnwill kickstart funcralsingfor the 2021-22 year,.and that we will be able at point in the coming year to be able-to- hold some jarger fundraising events again.
----- Start of picture text -----
Page 6
----- End of picture text -----
Our Space (Staffs) Limited
known as Our Space
Trustees’ Report (incorporating Directors’ Report)
Our Space Statf and Volunteers
Our Space currently employs a team of 412 pald staff:
Jane'Smith Services Manager Jil. Spencers Finance & Administration John MeCaffarty Grounds and Cleaning
plus 9 Sessional Playworkers.
Our staff team Is our most valuable asset and we take pridé Jn having a team of experienced and professicnal Playwotkers. who are key to ihe successful delivery of all our club sessions and holiday piayschemes. All our Playworkers are qualified to a minimum oflevel 2 or 3 in Playwork and/or Childcareand they alse receive training in Paediatric First Aid, “Safeguarding Children, Manual Handling and Food Hygieiie, as well as any other courses which will.enhance their working practice, Thay are the heart and soul of all that we do-and,we thank:them fer their hard work, far their-dedication, support and friendship, espacially during this difficult year where they have had to adapt their practice.in.orderto comply with Covid-safe. guidelines.
Volunteers remain an integral part of the successful running of Our-Space Sessions. The support we: galn from, our volunteers is invaluable and thelf dedication and enthusiasm Is part of what makes our sessions such a rasounding success. We would like to take: this opportunity tothankthis: years regular volunteers. Lisa, Kelly. Lauren, Minuli who have volunteered at our club sessions (both face-to-face and Zoom), and also to Dave and Shaun who have given hours of thélr time ‘helping to. maintain our grounds and whose support has been invaluable.
Financlal review Our: financial focus. for this year has been very.much on keeping on an even Keel and ‘weathering the Covid storm, Over the, last couple of years we have managed to build up our reserves to enstire that we wera Ina sound financial postiion.and these reserves ware there as e.safoly net should we have struggled ‘as°a result of the pandemic. ‘Fortunately, we have been-able fo access a serias[of][Covid][support][ grants][and][consequently][ we] have not neededto make use of any reserves during the'year. Our total inicorhe for 2020-2021 was’ £95,736 (2020 - £260,064), with expenditure of£78,103 (2020 - £68,018). At the and cf the period, the total net assets are-£317,410-(2020 - £299,776), of which £133,52+ Is restricted funds (essentially monies recelved as advance payments to be spent for specific purposes).
Page?
Our Space (Staffs) Limited
known as Our Space
Trustees’ Report (incorporating Directors’ Report)
Funding Sources
Grant funding- large grants, have.been recelved from;
BBG Children in Need- £19,466 in.thé period .(total of £116,568 over 3 years):to pay for a Service Manager and. towards the cost of our sessional playworkers. {monies are received cn a quarterly basis). This.grant-funding reached the and of its 3 years In November 2020. Charitise Ald Eoundation-Resilience Fund (Covid) - £12,136 to cover Service Manager wages, additional cleaning hours-and a¢iivities for Zoom-seselons for4 months between Novamber 2020 and March 2021.
Nawcastia. Borough Council Discretionary Business Support Grant (Covid} - £19,000
Newcastle Borough Council. Additional Restrictions Grants (Covid) total £10,650
Grant funding- small grants have bean recelved from:
Community Foundation of Staffordshire’ National Emergencies Trust Govid-19 Fund - £1,000 towards summer. playecheéma costs
Co-op Gommunily Fund - £2,407 forsensory seating area project
Sevem Trent Water-Covid Recover Fund - £5,000
Staffordshire. County Council. Covid-19 Support: Fund/ Simon Tagg - £250-towards utilides costs:
Stoke-on-Trent Clty Couricl Voluntary-and Community Sector Funding (Gavid) - £500 towards running. costs. Tesco Bags.of Halp. Covid-19 Communities, Fund - £506.towards summer playscheme costs.
Page $
Our Space (Staffs) Limited
known as Our Space.
Trustees’ Report (incorporating Directors’ Report).
Significant financial and.cther support has also, been gratefully: received throughout the year from: Amanda Dean
Ann McCabe Solicitors
DonationsInMemory of Mr Birkin
Friends of Durham Grove
Margaret Heath and friends’ salaof knitted Santas
Mr and Mrs Colley
hrs L. Emery
Mr |. Hickton.
Mr D. Hyner
Mrs S. Pattison
Mes and Mrs D. Slack
Mrs B. Speirs
Mr ahd Mrs. J. Stokes
Newcastla-under-Lyine Lions Club
Rotary Club of Newcastle-under-Lyme.
Susan Chan-and Peaches Chinese Restaurant
Paga'9
‘Our Space (Staffs} Limited
known as Our Space
Trustees’ Report (incorporating Directors’ Report)
Polity on reserves “Of the £163,515of Unrestricted funds, £60,000 isdesignated as reserves. Our Space has a policy in.placa to ‘held 6-9 months’ running costs in reserves to cover ongoing costs should there be. a toss of funding or a reduction of Income,.te allow the Charity.aufficent time to source’alternative funding. Based on projected figures for expenditure forthe coming financial year, our current level of reserves meets this requirement : ‘Tha Directors have wlso designated £58,500 of unrestricted funds towards the. replacement of the: soft play and’ -£30;,000..to a-ainking fund for essential premises repairs. The building [s now 30 years old and ihe outdoor aquipment 15 years old, so:the likelihood -of significant rapair work baing néeded incréases. every year. It Is prudant to: prepare’forthe evenituality.cf major work being required, It has aways:been-our intention to reach‘a lavel of self-sustainability such thatwe do not need to ‘rely in the future on large-grant funding fo suppert our'day-to-day activities and stafling costa. In order to achieve this we need to have a strong focus on our own income generation, both-through the charging for services: offered and through fundraising. By.the end of March 2020, we. were wail on our Way te achieving this goal. However, with the increased sxpendilure expected. now we are no longer sharing premises casts with Approach, the vend of the Children in Need grant and aiso.the impactof Covid 19 (more of-which in a later section), we are. going to-have to work harder than ever over the coming months to increase cur-day-to-day income gendration: We are currently in a secure financial: position, but-wa caninot fast on our laurels and’must work innovatively in order to make the best use of ourresources,
Plans for future periods
Aims and key objectives for future periods After thé ups and downs of'2020-2921, the 2024-2022 year has atarted favourably. We already have a pretty tui diary for weekday bookings and with the lifting of Goverment restrictions we will be able to welcome larger numbers, of psople, back ta our sessions. We are.seaing a significant cise in enquiries from new familes and to date ‘all family sessions have Daan fully booked. We need to work towards retuming to capacity at some of our dub sessions. and to filling the jew remaining gaps in the diary during the week, but we: are confident that wa shouki beable to achieve this falrly quickly, =~ August 2024- will sae. the instalation of a naw zip wirein the grounds after the praviaus one reached the end of its working life and we are currently in the gary planning stages. fora project to-fully raptace the outdoor play equipment which fas been in place for 18 years and is baginning to reach the and:of Hs ifespan — we seé this as a 2 year plan so- hope to have plans drawn up and to have secured funding in order.to start workin 2023; Now thai we havé raised the funds needed for the refurbistiment of the-soft play area, we have installation planned for[-] January/February. 2022.
As. for everyone, there is atill.an element of.uncertainty as to how the corning year will pan out, but ior now we are confident that we are heading In the right diraction and we Have many things to look forward to. We have ‘shown resilience-over the last year and proved that-we can respond and adapt quickly In difficult circumstances - we have always liked'a challenge and this past year has certainly provided us with thatl
Page 10
Our Space (Staffs) Limited
known as Our Space
Trustees' Report (incorporating Directors’ Report)
Structure, governance and management.
Nature of governing document.
Gur Space (Staffg) Lid & a Company Limited by Guarantee: and a Registered Charity govemed by its Memorandum and ‘Articies of Association, which were last amended on3t May 2016,
Recruitment and appointment of trustees
Our Space is governed by-a Board of Directors. There are currently . 4 Directors, bul a maximum of 12:can serve: on the Board.
Any family with a: child or young person with a disahillty-can apply to Our Space: to: become members, On becoming a member, they.can then nominate Directors for alactlon to the Board:atthe: AGM. The Board can also appeint a persoh willing to bé a Diractor’and can.co-opt Individuala to the Board; thase appoinsnents would then be ratified by members atthe following AGM. All Directors receive induction training and réceive ¢ handbookof policiés and procedures. Tralning sessions are identified throughout the year that will benefit Directors in the. governance of the Charity.
_ AllInductionDirectorsandreceive training inductionof trusteestraining and receive ahandbook of policies and procedures. Training sessions are identified throughout the year that will benefit Directors In the governance of the Charity.
Small companias provision statement
This report has been prepared in accordancewith the small companies regime under the Campanies Act 2006. The annuai report was approved by: the. trustaes.of the. charity on Zleafehe signed on its behaif by:
HannahDean
Trustee
Page 11
Our Space (Staffs) Limited
known as Our Space
Independent Examiner's Report to the trustees of Our Space (Staffs) Limited | report to the chaitty trustaes on my examination ofthe accounts of the charity for the year ended'3% March 2021 which are set out on pages 13 to 30.
Respective responsibilitias of trustees and examiner
Ag the cHarity's trusteesof Our Space (Staffs) Limited (and also {ts directors for the purposes of company: law) you are fesponsible for ‘tha preparation of the accounts In accordance with the requirements of tha Companies Act 2006 {‘the 2006 Act’).-
Having satlsfled myself that the accounts of Our Space (Staffs) Limited are not required to be audited under Part 46 of the 2006 Act and are eligible for independent exarnination, | report In respect of my examination of your: chanty's accounts as carried ‘out under section 145. of the CharitiesAct 2011 (‘the 2011 Act’). in carrying outmy examination | have-followed the Directions given by the Charity Commission under sectlon 145(5)(6) of the 2011 Act. , ,
Independent examiner's statement
| hava. completed my examination. | confirm that no matters‘have come to. my atterition In connaction with the éxamination giving me cause to.believe;
-
accounting racords were: not keptin respect of Our Space (Statfs) Limited:as required by, section 386 of the 2008 Act or:
-
theaccounts do-not.accord with those records; or 3. thé.accounts do not comply with the accounting requiraments of section 396 of thé 2006 Act other than any fequirement ‘that the accounts give a ‘rue and fair view which is not a matter considered as part of an Independent examination; or
-
the accourta have not been prepared in accordance with the methods and principles of the Statement-of Recommended Practica for accounting and reporting by charities [applicable ta charities preparing thelr accounts.In-accordance with the Finandiat Reporting Standard applicable‘in the UK and Republic-of Ireland {FRS 102)].
| have ‘no concems and have come across no dther matters in connection with the axamination to-which attention should be drawn in this report in-order.to enable a proper understanding of the accounts to bs reached,
----- Start of picture text -----
eS \
Daryl Denson ACMA
VAST
----- End of picture text -----
The Dusen Cantra
Hope Street Hantay ‘Stoke-on-Trent. Staffordshire $T1 5DD
Page 12
Our Space (Staffs) Limited
known as Our Space
-Stafement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account)
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Total|
|Unrestricted|Restricted|2021|
|Note|£|£|£|
|Inéome and|Endowments|from:|
|Donations and|legacies|3|35,544|36,471|71,982|
|Chatitable|activites|4|19,239|-|19,239|
|Other trading|activities|5|14171|~-|1,411|
|Investmant income|6|3,104|-|3,404|
|Totai|Income|59,265|36,471|95,736|
|Expenditure|on:|
|Raising|funds|7|(40)|-|(40)|
|Charitable activities|8|(38,852)|(39,211)|(78,083)|
|Total|Expenditure|(38,892)|(39,211)|(78,103)|
|Nat incoma/{axpenditura)|20,373|(2,740).|17,633|
|Net movement|in-funds|20,373|(2,740)|47,833|
|Reconcillation|of funds|
|Total|funds|brought forward|463,516|436,261|299;777:|
|Total funds|cared forward|18|183,889|133,521,|‘947,410.|
----- End of picture text -----
‘The-notes.on pages16 to.30 form an integral part of these financial statements. Page 13
Our Space (Staffs) Limited
known as Our Space
Statement of Financial Activitles for the Year Ended 314 March 2021 {Including Income and Expenditure Account)
Comparative Information for the Previous Year
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|.|Total|
|£|£|£|
|Note|Unrastricted|Restricted|2020|
|income and|Endowments.from:|
|Donations.and legacibs.|3|15,622|170,037|185,659|
|Charitable|activities|4|62,038|=|62,038.|
|Other|trading|activites|5|9,851|-|9,851|
|Investment|income|6|2,513|-|2,513|
|Total Income|90,024|170,037:|260,061|
|Expenditure|on:|
|Raising|funds.|wa|(364)|-|(364)|
|Charitable|activities|Bt,|(43,875)|(43,773)|(87,654)|
|Total Expenditure|(44,239)|(43,779)|(88,018)|
|Net income|45,785|128,258|172.043|
|Net movement in funds|45,785|428,258|472,043|
|Reconciliation|offunds|
|Total funds|brought|forward|417,731|40,003|_|127,734"|
|Total funds carted forward|18|163,516|136,264|299,777|
----- End of picture text -----
All of the charity's activilles derive from continuing operations during'the above two periods. The funds.braakdcwn for 2020 is shown in note: 18.
.
The noteson pages 16.to 30 form’an integral:partofthase flhancial statements. Page. 14
Our Space (Staffs) Limited
-known as Our Space
(Registration number: 10007655) Balance Sheet as at31 March 2021
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|2021|2020|
|Note|£|£.|
|Fixed assets|
|Tangible|asseis|14:|7,065|4,193|
|Current aseets|
|Debtors|45|3,246|9,266|
|Cash.at.bank|and|in|hand|16|308.005|288,154|
|341,253|297.420|
|Craditors: Amounts falling due within|one|year|17|(936)|(1,836)|
|Net currant assets|310,345|295,584|
|Nat assets|317.410|205,777|_|
|Funds of the|charity:.|
|Restricted|Income funds|
|Restricted funds|133,521|436,261|
|Unrestricted|Incoma|funds|
|Unrestricted|funds|183,889|163,518|
|Total funds|46.|317,410|299,777|
----- End of picture text -----
‘For the financial year ending31 March 2021 the:charity was antitledto exemption: from audit under section 477 of the: Companies Act 2006 relating to‘small companies.
Diractors' respensibilitles:
The members have not required the. charity to obtain an audit of its accounts for the year In queatian In accordance with section.476; and «The directors. acknowadge their responsibilities for compiying with the requirements[of][ tha][ Act][ with][respect][to-] accounting racords and the preparation of accounts.
These accounts have been -preparéd In accordance with the prévisions applicable: to companias subject to the small companies ragime.
The financial statements on pages 13 to 30 were approved by the. trustees, and authoriséd for issue on 254- fog 2g and sigried on their behalf By:
Hannah Dean
Trusiaa
The notes on pages 16 to 30 form an integral partof these financial. statements, Page 15
‘
Our Space (Staffs) Limited
known as Our Space
Notes to the Financial Statements for the Year Ended 31 March 2021
41 Charity status The charity is limited by guarantee; incorporated In England, and.consequently doss'not have share caplial. Each of the irustees is liable to contribute an arnount not exceeding £1 towards the assets of the charity in the-event of liquidation. The address of ita registered office Is: The-Brook. Centre Stanier Street Newcastle under Lyme Staffordshire. ST5 :2SU
- 2 Accounting policies
Summary of significant accounting policias and key accounting estimates The principal accounting policies. applied if the preparation of thege, financial statements are set out’ below, These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of of compliance
Statement of of compliance ; The financial stetements have been prepared In accordance with Accounting and Reporting by Chanities: Siatement of Recommended Practice applicable to charities preparing thelr accounts in g@ccordance with the Financia! Reporting Standard applicable Inthe UK and Republic ef Ireland (FRS 102} {effective 1 January 2019) - (Gherties SORP.(FRS 102}, the Financial Reporting Standard applicable inthe UK and Republic of Ireland (FRS 102}, They. also comply with the Companies Act 2006.and Chantlas Act 2011. Basis of preparation .
Basis of preparation . Our Space. (Staffs) Limited meets-the definition of initially recognised at historical costor transaction value unla public b e nefitss otherwise entity understated FRSin the102:relevant Assets andaccounting,liabilities policy are notes. Going concem The trusfees-consider that'thére are no materiel uncertaintlas about the charity's ability to continue.as 4 going concern nor any significant areas of uncertainty thet affact the carrying value of assets held by the charity.
Income and endowments Af.incoms Is recognised once the charity has entitlament to the moome, tt Is. probable that the income will be received and the amount of the Income receivable can be maasured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing cf both the ameunt and settement date: In the event-that a donation.is-subject to conditions that require a level of performarice by the charity befare the charity ig antitlad to.the funds, the Income is deferred and not recognised until aither those conditions:are fully met, or the fulfiiment of those conditions.is wholly within the control of the charity.and it is probable.that these conditions will ba fulfilled in:the reporting period. Donated services provided on’a pro-bono basis are. included. as income with a relevant expanse alse baing: recognised inthe SOFA.at.the cost that would have been-charged fer the service.
Page 16
Our Space (Staffs) Limited
known as Our Space
Notes tothe Financial Statements for the Year Ended 31 March 2021
Grants. recaivable
Grants are recognised whan the charity has: an-entifement to.the funds and any conditions linked, to the grants have been met. Where performance conditions are attached to the grant and are yel to be met, the income Is ‘recognised as a llabilifyand indluded-on the balance sheet as deferred income to bereleased.
Deferred Income
Deferred income represents amourits recelyed’ for future perlods. and is released to incoming rescurces In the: period for which, It has been received, Such income |s only daferrad when: ~ The doricr specifies. that the grant or donation must-only be used in future accounting periods; or- The doner hag impased conditions. which must’ be mat befcre the charity has unconditional anftlement..
investment income due.Dividends are recognised once-the dividand has been declaredand nolification: has been. received of the dividend
Expenditure
All expenditure:ig récogrilsed once there is a iega! or constructive obligation to that expenditure, it (s probable sattiement is’ required and the amount car be measured reliably. All costs are allocated to: the applicable expenditure, heading that aggregate aimilar costs to that category. Whera costs cannot ba directly attributed to particular -headings they have been allocated. on a basis consistent with the use of resources, with. central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's Use. Other support costs are! ailocated based on the spread ofstaff costs.
Raising funds
These are costs Incurred in attracting voluntary income, the mahagement of investments and those. incurred In trading ‘activities. that raise funds.
Charitable activities.
Charitable expenditure comprises those costs incurred by the charity in the deltvery of hs-activities and services jor itS beneficiaries. {t Includes both costs that can be’ allocated d{rectly to such activilies and those costs of an indirect nature necessaryto support them.
Govarnance costs
Thesa Include the costs attributable to the charity's compliance: with constitutional and statutory requirements; including audit, strategit managementand trustees’s meetings and retmbursed expanses.
Government-grants
Government grants are.recognised based on the accrual medel and are measured at the fair-value of the asset received or receivable. Grants are classified as relating slther to revenue or toassels, Granis relating to revenue are recognised in incomé over'the period in which the elated costs are recognised. Grants relating recognised[over][ the][expected][useful][life][of][ the][asset.][Where][part.of][ a][grant][ relating][ to][an][asset][Is][dafarred,] to assets are[#][is] recognised as deferred income., Page17
Our Space (Staffs) Limited
known as Our Space
Notes to the Financial. Statements for the Year Ended 31 March 2021
Taxation a, a. The charity is considered: io pass: the tests.set-out.in Paragraph + Schadule 6 of the Finance Act:2G70 and therefore it meets the definition of a charlable company for UK corporation tax pu‘pases. Accordingly,the charity \s potentially exempt from taxation In respect.of income oF capital gains raceived within categories covered by Chanter 3 Part 11 ofthe Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, tothe extent that such income or galns are appliad exclusivelyto. charitable purposes. Tangible fixed assets '
Tangible fixed assets ' Indlvidual fixed assets costing £75 or more'with an expected lifespan of 5 years or more are initially recorded at ‘cost, lass any sUbsequent-accumulated depreciation and subséquent accumulated impairment losses.[.]
‘Depreciation and amortisation —_ Depreciation is provided.on tangible fixed assets ‘30°28 to write off-the cost or valuation, less. any estimated residual value, over thelr expected useful economic fife as-fallows: Assat.class Qepreciation methodand tate Offices Equipment .20% reducing balance Play Equipment 15% reducing: balance
Trada debtors Trade ‘debtors are amounts due from customers. for merchandise sold or services performed in the ordinary course. of business.
Trade debtors are recognised inttlally at the transaction price. They are subsequentiy measured al. amortised cost using the effective interest mathod, less provision for impairment. A provigion for the impairment of trade debtors ls established when hare is objective evidence that the. charity will not be able to collect all amounts. dis: according to the-origingi terms of the recelvablas.
Cash and cash equivalents
Gash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertibleto-a known amount-of cash and.are subject'to. ah ineignificant risk of change in value:
Trade creditors Trade creditors are obligations to pay for goods or services that have bean acquired[in][the][ordinary][course][of] business fram. suppkers. Accounts payable, are classified.as cyrent liabiltles if-the charlty ‘does. not have an uncenditional ight, at tha-end of the reporting period, to.defer setilement of the creditor for-at east twelve months after tho raporting date: If there is an unconditional right to ‘defer settiement for at least twelve meonths.after the reporting date, they are presented as non-current abilities. , Trade creditors are recognised initially at the transaction price and subsequently meagured at: amortised cost using the affective Intérést method.
Page 18
Our Space (Staffs) Limited
knownas Our Space
Notes to the Financial Statements for the Year Ended 31 March 2021
Fund structure ; Unrestricted income finds are genéral-funds.that are available for-use at the trustees's discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds-set aside for spectfic purposas.at the discretionof the trustees. Restricted income. funds are those donated for use.In a particular afea-crfor specific purposes, the use of which $5 restricted to that area or purpose,
Pensions and other post retirement obligations The charity operates a. defined contribution pension scheme which is a.pension plan: under which ‘fixed contributions are: paid into a pension fund and the-charitly has nolegal or constructive obligation to pay further ‘amployeecontributionsservics.ineven ifthethe currentfund anddoes:prior not perlods.hold: sufficient assets to pay, all employees the. behefits relating to Contributions té:defined -contribution, plans are recognised In the Statement of Financial Activites when they are. due. ff contribution payments exceed the contributiondue for sarvica, the excess[is][ recognised][as][a][prapayment.]
‘Financial instruments Classification Financial ‘assets and financial fabilities.are recognised when the charily becomes a party to the contractual. provisions:cf the instument . . Financial. liabilities and equity instruments are classified according to the substence of tha. contractual arrangements entered into, An equity instrumentis any contract that avidences a resKiualanterest in the assets of ‘the charity after deducting allof Its:lLabliities.
Recognition and measurement
All financial assets andWlabllitiés are initially meaSured at transaction price {including transaction costs}, except for those financial assets classified’as atfair value through profit or loss, which are Initially measured at fair value (which Is normally the.transactlon price excluding transaction ‘costs), unless the arrangement constitutes ‘a financing jransaciion. if an atangement constitutesa financing transaction, the-financial asset or financial liability iS measured at the pressnt value of the future payments discounted at-a market-rate-of interestfor a similar debt instrument, Financial agsets and liabilities até only offset.in the statement offinancial pesition when, and only when there: axists 2 fegally enforceable right to set off the recognised amounts and the charity Intends aither to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financlal assets are derecognisad when and only when a) the contractual rights to the cash flows from the financial asset expire or .are settled, b) the charity transfers.[to][ another][party][substantially][ail][of][the][risks’][ and] rewwardsof ownarship of the financial asset,or c} the: charity, despite having feteined some, buf not.all, significant risks and rewards ofownership, has transferred. control of the asset to another party. Financial liabilities.are derecognised.onty when the obtigation specified in the contract is discharged, cancelledor expires.
Page 13
Our Space (Staffs) Limited
known as Our Space
Notes to the Financial Statements for the Year Ended 34 March 2021
3 Income from donatlons:and legacies
| 3 | Income fromfrom donatlons:and legacieslegacies | |||
|---|---|---|---|---|
| Unrestricted funds General £ |
Restricted ‘funds £ |
Total 2024 EO |
||
| Denations and lagacles; | ||||
| Donationsfrom companies, trustsandsimilar. proceeds Donations |
. 3,843 |
3,419 - |
3,178 8,843: |
|
| Grants, including capitat grants; Govemmentgrants Grants, from othercharities |
28,608: - |
250 33,102 |
26,918 __°33,402 |
|
| 35,511 | 36,471 | 74,982 | ||
| Unreatrictad | ||||
| funds General Fs |
Restricted funds £ |
Total 2020 £ |
||
| Bonatlonsand legacies; Donations Grants, Including cagital grants; Grantsfrom-other charities |
45,622 : |
250 169,787 |
15,872, 169,737 |
|
| 15,622 | 170,037 | 185,659 | ||
| 4 | Incomefromcharitabie activities | |||
| Unrestricted’ funds General £ |
Total 2021 £ |
|||
| ; | ||||
| Unrestricted | ||||
| . | funds General |
Total 2020 |
||
| £ | £ | |||
| Centre.activities‘andpayschemes | a OS |
—__82,038 | ||
| 5 | Incomefrom othertrading activities | |||
| Unrestricted funds General £ |
Total 2021 £ |
|||
| Events income: OthereventsIncome |
;144d | eee ne | ||
| ; 1,414 |
1,441 |
‘Page 20
Our Space (Staffs) Limited
known as.Our Space
Notes to the Financial Statements for the Year Ended 31. March 2021
----- Start of picture text -----
‘Unrestricted
funds Total
Genaral 2029.
& £
Evsnits income;
Other events Income 9,851 9.851
9,851 9.851
6 Investment income
Unrestricted
funds Total
General. 2021
£ E
Interest recetvable and similar Income; ;
interest receivable on bank deposits 3,104 3,104
Unrestricted
funds Total
General 2020
£ £
Inierest receivable and-stmiar iricome;
Interest receivable on bank deposits 2,513 2,512
2,513 '2'543
7 Expenditure on raising funds
a} Costs of trading activities
Unrestricted
funds Total
General 2021
Nota £ £
Fundraising trading costs;
Furdiraising 40 40
. 40 40
Unrestricted
funds Total
General 2020
Note £ £
Fundralsing trading-costs;
Fundraising 364 364
364 364
----- End of picture text -----
Page21
Our Space.(Staffs) Limited
known as Our Space
Notes to the Financial Statements for the Year Ended 34 March 2021
8. Expenditure on charitable activities
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Activity|
|undertaken|
|directly|2021|
|£|£|
|The provision of a-servicé|fér peopte with disabilities|76,148|76.148.|
|Activity|
|undertaken|.|
|directly|2620|
|£.|E|
|The provision ofa|service for|people with|disabilities|86,032|86,032|
----- End of picture text -----
£38,852 (2020 -. £42,253} of the above expenditure was aitributable to unrestricted funds. and £39,211 (2620 - £43,779) to restricted funds.
ln addition:to the expenditure analysed -above, there are also govemance costs-of £1,915 (2020 - £1,622) which relate diractlyto.charitable activities. See note 9 for further details.
Page 22
Our Space (Staffs) Limited
known as Our Space
Notes fo the Financial Statements for the Year Ended 31 March 2021
9 Analysis of governance and support costs
Governance costs
| Governance costs | ||
|---|---|---|
| Unrestricted | ||
| ‘funds General £ |
Total 2021 £ |
|
| Independent.examiner fees Examination ofthefinancialstatements Otherfees paid toexaminers |
700 4,215. |
700 1,215 |
| 1,915 | 1,915 | |
| Unrestricted | ||
| funds General £ |
Total 2020 £ |
|
| Indepsndentexamiherfees Examination ofthefinancialstatements ‘Other fees.paidtoexaminers: |
760 700 922092 |
|
| 1822 | eeB22 |
16 Government grants £5,518 was: received from HMRC-ter the Job Retantlon Scheme. £20,650 was received from Newcastle under Lyme Borough Council to assist withthe impact of COVID-19 £500 was received from Stokeon Trent City Gouncil:to assist with the Impact of ‘COVID-79 £250 was received from-Statford County Council to assist with the impact of COVID.-19,
The amount ofgrants recognised in the financial statements was £26,818 (2020 - E-}. Thera were no unfulfiiled conditions atthe yaar end..
141 Trustees remuneration and expenses any remuneration from the charity during the No tustees, Nor any persons connected with them, havereceived. year. No‘trustees have received any reimbursed expenses’ or any other benefits from the charity during the year.
Page-23
Our Space (Staffs) Limited
known.-as Our Space
Notes to the Financial Statements for the Year Ended 34 March 2021
42 Staff costs
The aggregate payroll.cosis were as follows:
31 March 2021 2020 £ £ Staff costs during the year were: Wages and sajaries 60;730 Bt721 Pension costs 819 732 61,549 62,453
Tha monthly average number of persons:(Including senior management team) employed by the charity during the year was as fodows:
| Tha monthly average number of persons:(Including senioraverage number of persons:(Including seniornumber of persons:(Including seniorof persons:(Including seniorpersons:(Including seniorsenior year waswas as fodows:fodows: |
monthly average number of persons:(Including senioraverage number of persons:(Including seniornumber of persons:(Including seniorof persons:(Including seniorpersons:(Including seniorsenior management team) employed by theemployed by theby thethe | charity during the | charity during theduring thethe |
|---|---|---|---|
| 2024 | 2020 | ||
| No | No- | ||
| Playworkars Managementandadministration |
9 3. |
_ | 9 |
| ee |
ees |
No employee received emoluments of more than: £80,000 during the year.
“The total employee benofits of the kay management personnel of the charity were £28.1 06 (2020 - £27,728}.
Page 24
Our Space (Staffs) Limited
known as Our Space
Notes to the Financial Statements for the Year Ended 31 March 2021
73 Taxation
The. charity is a registered chatity and istherefore exempt from taxation.
14 Tangible fixed assets
| 14 Tangible fixed assets | |||
|---|---|---|---|
| Fumiture and equipment £ |
Total £ |
||
| Cost | |||
| At 4April2020 Additions |
5,672 3,555 |
5,672 3,555 |
|
| At84-March 2021 | 9,227 | 9,227 | |
| Depreciation At 4 April-2020 Charge fortheyear |
1,479 653° |
||
| At31 March 2024 | 2,132 | 2,132 | |
| Not book value: | |||
| At31March2021 | 7,095 | 7,085 | |
| At31March 2020 | 93,498 | ||
| 15 Debtors | |||
| 2021 E |
2020 ‘£ |
||
| Tradedebtors ‘Prepayments Accrued income |
1,755 286 4,205 |
5,342. 205. 3.719. |
|
| 3,246 | 9,266 | ||
| 46 Cash and cash aqulvalents | |||
| 2021. £ |
2020 £ |
||
| Cashon hand Gashat bank Short-termdeposits |
. | 113 27,295 260,593 |
107 35,554 252,493 |
| 308,005 | 288.154 |
‘Page 25-
Our Space (Staffs) Limited
known as Our Space
Notes to the Financial Statements for the Year Ended 31 March 2021
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|47|Craditors: amounts falling dué|within one year|
|2021|2020|
|£|E|
|Trade|creditors|206|wg|
|Accruais|7230|912|
|Deferred. income|-|575|
|2021|2020|
|£|£|
|Deferred Income|at|1|April|2020|575|-|
|Rescurces deferred|in thé perlod|-|575|
|Amiounts released from|previous. perlods|(S75)|“|
|Deferred|income-at|year end|“|575|
----- End of picture text -----
Pags.26
Our Space (Staffs) Limited
known as Our Space
Notes to the Financia! Statements for the Year Ended 31 March 2021
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|18|Furhds|
|Balance|at|
|Balance|at;|1|Incoming|‘Resources|31|March|
|Api|2020:|resources|expended|Transfers|2021|
|£|£|£.|£|£|
|Unrestricted.funds|
|General|
|General funds|33,516.|"59;265-|(38,992)|(18,600)|35,389"|
|Designated|
|Designated Funds|730,000|=|-|18,500|448,500|
|Total|unrestricted funds|163,516|59,265|438.892)|183,889|
|‘Restricted|funda|
|BBC|Ctilldren|In Need,|8,928|19,466|(24,760)|-|1,634|
|Barracks, Trust|311|-|{40)|-|art|
|NCS|773|-|(98}|-|674|
|Sundry|restriciad funds|4,249|3|-|-|1249|
|Tesco Bags of Help.|-|-|(119)|-|(419}|
|Soft|Play Appeal|7,000|-|-|-|7,000|
|North|Stafordshiref Hospitals|
|Children's Trust|420,000|-|_-|~|120,000|
|CAF|Resilience Fund|-|12,198|(12,138)|-|-|
|Co-op Community Fund|-|3,419|{307}|-|2,812|
|Staffs|County Councit|-.|250|(250)|-|-|
|Community|Foundation|-|1,000|(4,000)|-|-|
|Teaco Bagsof Help|-|500|{500}|-|:|
|Total|restricted funds|436,264|36.471|(39.211)|—|133,524|
|Total funds|29777.|95,738,|__ (78.103)|TO|
----- End of picture text -----
‘Page 27
----- Start of picture text -----
ee
----- End of picture text -----
‘Our Space (Staffs) Limited
known as Our Space
Notes to.the Financial Statementsfor the Year Ended 31 March 2621
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Comparative|Information|for the Previous Year|Balance at|
|Balanceat|1|Incoming|Resources,|34 March|
|Apri.2019|resources|expended|Transfars|2020|
|£|£|£|£|£|
|Unrestricted funds.|
|Genaral|
|General funds|22,734|80,024.|(44,239).|{35,000}|33,518|
|Designated|
|Designated Funds|95,000|:|-|35;000|130,000.|
|Total unrestricted funds.|147,731|90,024.|(44,239)|-|163,546|
|Restricted|
|BBG|Chikireh|in Néed|7,920|38,508|(39,500)|-|€,928|
|Barracks Trust|311|-|-|-|311|
|SCVYS|-|279|(279)|-|-|
|NCS|773|-|-|-|773|
|Sundry restricted funds|“909|250|-|-|1,249|
|Tesco|Bags of Help|-|4,000|(4,000)|-.|-|
|Soft Play Appeal|-|7,000|-|-|7,000|
|NorthChildren'sStafordshiret Trust|Hospltais|820,-|420,0|0|0|08-|-|120,000|
|Total restricted funds|10,003.-|170,037|(43,779)|-|436,264|
|Total turds|127,734|260,061|(88,018)|~|ZO9.TTT|
----- End of picture text -----
Page28
Our Space (Staffs) Limited
known as Our Spaca
Notes to the Financial Statements for the Year Ended 341 March 2021
The-speeific purposes.for which the funds are to be applied ara as follows: BBC. Children In Need _ ; To pay for a Service Manager-and sessional playworkers and the development of our evening and weekend
sessionsfer thes years. Big Lottery. Awardsfor All ; To suport the-Provision of Holiday slayschamesand family fund days for 12 monnts
The Batracks Trust To replace mats tn the soft play: area ANCS.restricted donation to; purchase two tikes raised by young peple participating tn the National Citizenship Service Programme.
SCVYS (Stattordshire Counell for Voluntaryand Youth Services}
For uthities costs
Tesco Bags. of Help | For the davelopment-of a sensory garden area North Staffordshire Hospitals Children's Trust Fer playworkers salartes
Sofi Play Appeal To fully refurbish the-soft.piayarea
Sundry restricted funds were received for the purpose of refurbishing the Brook Centre; CAF Resiliance Fund-emecgency funding to’ help charilles survive the impact of COVID48
CO-OP Community Fund-to ba spevit on creating aSenscry Trail.
Slafis County Council -io help cover running costs as 4 result-of loss of Income.due ta COVID-19 Community Foundation Staffs-financlal supportfor COVID-12, Tasco Bagsof Help-to help with running costs due to.loss of incorrie due'to COVID-19
Designated Funds Designated funds are. funds set aside to ensure that the Charity-has the equivalent of between Six and nine months’ expenditure avallable(£60,000} to cover ongding costs should there ba a loss of future funding or a raduction of income to allow the Gharlty sufficient time to source-attemative funding or, inextremis, to be able to close the Charity In.an ordedly. and controled manner. lin addition £30,000 has. been designated to ensure that there ara sufficient funds held to’ cover any work required on the buildings and £58,500 has been designated fowards.a new soft play area.
Page 28
:
a’
‘Our Space (Staffs) Limited
known as Our Space
Notes to the Financial Statements for the Year Ended 31 March 2021
19 Analysis of net assets betwaen funds
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Total|funds|at:|
|Unrestricted|funds|Restricted|31. March|
|General|Designated|funds|2021|
|£|&|£|x|
|Tangible fixed assets|826|-|5,289|7,095|
|Current|assets|35,489|448:500|127,252|311,254|
|Curent|liabilities,|(936)|-|_-|{936}|
|Total|net-assets|38,389|448,500|133,521|317,410|
|Corriparative|Information|for the|Previous Year|
|‘Total|funds|at|
|Unrastrictad funds|Restricted|31|March|
|General|Designated:|tunds|2020|
|£|£|£|£|
|Tangible fixed assets|1,069|-|3.144|4,193.|
|Currerit-assals|34,303|430,000|133,117|287|420|
|Currant|llabilities|{1,836}|-|-|(1,836|
|Total net assets|33,516|130,000|136,261|299,777.|
----- End of picture text -----
20. Related party transactions
There:ware no related party transactions In the year,
‘Page 30