OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

STITCHES IN TIME

FINANCIAL STATEMENTS

Year ending March 31, 2021

Charity no. 1172056 - Company no. 10515657

Limehouse Town Hall, 646 Commercial Road, London, E14 7HA Tel: 0207 987 6164

2

STITCHES IN TIME

CONTENTS

Reference and Administrative Information 3
Trustees’ Report 4
Independent Examiner’s Report 12
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Accounts 16

3

STITCHES IN TIME

REFERENCE AND ADMINISTRATIVE INFORMATION

Hendrika Santer Bream (Chair) Judith Gardiner (Vice Chair) Annie Gargya (Secretary) Margaret Mitchell (Treasurer - until 15th December 2020) Teresa Hare Duke Anh Carrick Saba Ehdego (from 10th June 2020 ) (Treasurer - from 15th December 2020) Katherine Scott (from 10th June 2020)

Premises

Limehouse Town Hall 646 Commercial Road London E14 7HA

Charity & Company number

Charity no. 1172056 Company no. 10515657

Independent Examiner

Ian Price 10 Kent Close Westoning Bedfordshire MK45 5LW

Bankers

Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT

4

STITCHES IN TIME

Trustees’ report

The Trustees present their report and accounts for the year ending 31 March 2021.

Objectives and activities

The Charity’s aims and objectives are

1) to advance education particularly but not by way of limitation in all aspects of arts, crafts and applied arts particularly but not by way of limitation that of tapestry and needlework.

2) to provide or assist in the provision of facilities for recreation and other leisure time occupation, in particular the provision of facilities for arts and crafts, in the interests of social welfare with the object of improving the conditions of life, and

3) Thereby to encourage good race relations for the benefit of the public by drawing together all members of the community irrespective of race, religion, gender or political beliefs in the pursuit of these objects.

Our context

The Charity is based and operates mostly, but not exclusively, in the east London Borough of Tower Hamlets. Lack of employment, isolation and poverty are significant problems for our local population. Local residents are more likely to be out of employment than average: people of Bangladeshi ethnic origin have the lowest level of employment of all the ethnic groups (ONS data 2018).

These issues have been dramatically exacerbated by the impact of the coronavirus pandemic. We have been able to rapidly respond and adapt to changing need through this period, and keep our important frontline services going, to ensure local communities have access to pathways of support. We have done this through rigorous data collection, expanded partnerships, and close working with funders to ensure that objectives have continued to be met and adapted where needed.

In many cases we are a ‘first port of call’ for help, and many we work with experience barriers to other support services. We have continued to do our work through a mixture of innovative creative activities and complex issue support and referral. Our coronavirus response and impact on our organisation is further outlined below.

We have been working to bring people together for over 25 years, and are one of the longest-standing arts and educational organisations in the borough, demonstrating valuable results through our work year on year.

This is why it is so important that we continue to

5

In normal times, our core work consists of:

Coronavirus Response and Impact

Initial response and actions

In March 2020, we saw that the pandemic was posing increasing risk and worry to our beneficiaries, many of whom fall into more vulnerable categories - including women from minority communities, elders facing social isolation, and children living in poverty.

99% of respondents in our first Covid response consultations were extremely worried or somewhat worried about the effects that the pandemic was already having on their lives.

In our view, Government action took too long to materialise, so we took the decision to pause face-to-face work and begin orientating to remote support, prior to the first lockdown. We were able to do this well because as a small and project-focused organisation we are used to changing, reviewing, and adapting work on a regular basis.

6

What we prioritised

Our first priority was the safety of our staff, our beneficiaries, and community. We immediately compiled emergency contact lists for participants in our various projects, beginning a process of support and continuous consultation. This formed the basis of our ‘Telephone Support Network’ that has continued throughout the pandemic. Through regular contact we provided a vital lifeline for some, and much-needed guidance for others.

Through our Telephone Support Network, we provided:

As the weeks and months went by, we experimented with various methods of communication and participation, such as video calls, and small face-to-face meet-ups outside such as walking groups when it became appropriate. This was a particular challenge for those with low technological experience, but we had great success with supporting those that could participate, and finding workarounds for those who found it too challenging.

We have seen many complex and entrenched issues get worse over this time, and have had to keep re-orientating our work to not only deal with things early ‘in house’, but to bridge the widening gap between those hardest to reach and services meant to be in place as a safety net for all. The growth of mental health issues has been amongst our highest concern, alongside increases in the effects of poverty, and marginalised voices not being heard.

Stitches In Time have supported me throughout the lockdown .

I have been alone in a hostel since December. My daughter and my tutor have helped and supported me. In my hostel i dont have T.V, Radio or wifi. I relied on Anwara and my daughter to update me on the news and covid.” - J

How we worked with funders, and our successes

The Community fund (formerly Big Lottery), and London Community Response:

Our Sewing Support Network, built up across the borough over four years through the Women & Girls Initiative, was well placed to provide immediate support, and be a direct conduit for marginalised voices. Our work with local minority and long-term unemployed women already had a long history of building trust in our 25 year presence in the borough, and providing a safe space for social English learning and support for confidential issues. We provide Information, Advice, and Guidance to the Matrix standard, which we have held for over seven years. This network of cross-borough ‘English for Sewing’ classes, peer support, and volunteering, was quickly adapted into remote support through our Telephone Support Network.

7

Our bilingual tutors and caseworkers delivered support and contact to over 200 beneficiaries and their families every week. We made over 4000 calls during the pandemic lockdowns, and prioritised contact lists for the most vulnerable, whilst developing activities and continuous learning and social support through small group video calls, and creative learning activities sent in the post, such as our ‘By You Tapestry’ embroidery project (see Arts Council, below). This work was further supported by TCF Reaching Communities Covid Emergency Response strand as part of the London Funders Initiative.

The Henry Smith Charity:

The above work with our Sewing Support Network was then picked up and supported by The Henry Smith Charity, in a three year programme that will now be crucial in helping us adapt as the pandemic continues and in some ways has already been subsumed into ‘normal’ life.

Children In Need:

For over ten years we have provided creative learning and holiday arts activities for children facing poverty and high density housing on our local Locksley Estate, for 5-12 year olds. This developed over time into our Youth Volunteer programme, and Youth Social Action Arts Club - as young people grew up and wanted to remain involved. All of this work, with lead artists and PGCE trained staff revolves around developing art and design skills, and developing confidence through creative learning and social interaction.

During the pandemic we continued to provide remote support and contact for children, played games over video call, and when appropriate resumed safe outside activities in the Summer, and our weekly term-time Arts Club. Young people were also pivotal in helping us make and design huge outside decorations on the estate to collaborate with ‘More or Less’ a sustainable fashion magazine, who ran an editorial feature on our organisation.

Trusthouse Charitable Foundation:

FabricWorks, our social enterprise project and textile training programme has been supporting local long-term unemployed women through education and volunteering since 2015, matching London-based designers and makers with our production team of expert sewers. Progression pathways include going onto further education, including support into other unrelated aspirations such as childcare qualifications, or into work on our in-house textile production team.

During the pandemic we experimented with a variety of home-learning activities with videos and learning packs, and managed to provide home-based work to 13 women on our huge facemask-making initiative. During the lockdowns we were able to make thousands of facemasks from ecological scrap donated fabric, helping us provide a crucial income for women in our network, some of whom weren’t able to access Government support.

Arts Council:

Over the last year and a half we received over 150 embroideries from people across the UK and countries all around the world, as part of our By You Tapestry project, funded by the Arts Council. We invited people to embroider their experience of isolation, and things that they valued and reflected on, and also did some workshops with local community, schools, and refugee groups. The final piece will be exhibited in March 2022 as a long alternative historical document, covering different periods of the pandemic, and will measure about 28 metres in length. Each submitted embroidery came to us with a letter or message that had some incredible stories of people's experiences during this (long) time.

As a project to offer a creative outlet to process some of the difficult circumstances people were going through around this time, we were astounded by the need that this facilitated. It also proved our most successful social media campaign ever, with thousands of interactions and downloads of our activity packs to undertake activities at home.

8

Garfield Weston Foundation:

Garfield Weston have now funded us for a second time, recognising the important grassroots impact and reach that our organisation has. In this time of financial uncertainty, their core support has been invaluable in helping us keep core infrastructure going as we pivot and adapt to the new challenges ahead.

Income changes and fundraising activities, and financial review

In March 2020, we lost a large amount of expected project income, from grants, SLAs, and fee paying work, c.40% of our normal turnover. This naturally caused a great period of uncertainty, but our priority at the forefront of our minds was to keep important frontline work going, whilst keeping staff, and people in our network, safe.

This required us to authorise use of approximately half of our four months of reserves, to maintain the frontline support that beneficiaries needed, whilst we rapidly fundraised and sought new income. Being well-placed to support hundreds of people disproportionately hit by the pandemic meant that we were able to secure funding from emergency programmes rapidly put in place by funders who keenly understood the need of the sector. In addition to that, our trustees were pivotal in helping us secure some larger donations to support core costs and rebuild reserves back to safe levels within a small matter of months. Our facemask-making initiative also brought in thousands of pounds in support for core costs as well as providing continued employment for local women. We sold masks to local people directly, through Tenants and Residents Associations, online around the country, and to specialist commissions for the NHS and other social enterprise initiatives such as Pucker Masks, and Birdsong ethical fashion brand. This initiative was also recognised by a donation and award from Canary Wharf Group, to celebrate our continuous work during the pandemic.

Planned expenditure was more or less in line with existing project budgets, with some minor alterations agreed with funders to adapt budgets slightly. Our diversity of income through fee-based creative projects as well as commissions through our FabricWorks social enterprise meant that we could fill expenditure gaps where needed alongside agreed utilisation of some of our reserves. We have since rebuilt our reserves through incredible fundraising efforts and cost saving measures.

Covid steps forward - what we have gained and where we can best respond

We are still no doubt adapting to the environment that we find ourselves in, and we are preparing for multiple eventualities in the future as we analyse the ongoing impact on our beneficiaries and organisation.

We have:

9

Strategic Development

We continue our successful organisational development strategy that reflects the environment we work in. Underpinning this are our core directives:

A - Better evidence

We have made good progress with these aims, in a challenging time.

A - Better evidence

Previous initiatives to enhance our data recording have put us in a strong position going into the pandemic. By streamlining our information on outcomes and outputs we had a better idea of what we and our beneficiaries valued, and therefore a better idea of what to keep track of.

We developed new online recording mechanisms during the pandemic ‘on the fly’, and were able to record a huge amount of data that enabled us to keep track of beneficiary situations on a granular level, and ensure that contact for the most vulnerable was consistent.

We now have an enormous amount of qualitative and quantitative data on the disproportionate impact of the pandemic to our beneficiaries. Not only do the numbers speak to the inequalities that we already knew existed, but the very human voices of marginalised groups are a vitally important record.

As the landscape keeps changing over the coming months this evidence base will be important in not only shaping our future work, but also in feeding into other Local Authority and National Government responses to ensure an equitable long-term impact for all.

We have also retained our Matrix quality standard for another 3 years, proving the quality of our work in the Information, Advice, and Guidance sector.

B - More visibility

Visibility has been key in our success in this period. By taking a risk with proposing our By You Tapestry project idea on social media, we catalysed a huge response of public support that has continued into donations and amazing publicity in magazines, local and national press.

Developing new ways of contact through things like communications tools like WhatsApp have meant that we have maintained presence and contact with local people at a time when it was needed the most.

C - Strengthen local partnerships

Drawing upon and developing existing local partnerships has also been incredibly important during this time. We have done this through a variety of means.

10

Working closely with funders has meant we could access shared learning, and develop projects rapidly to meet emerging need.

With local organisations, we increased and developed pathways of referral, shared learning, and in some cases developed new multi-organisation project initiatives to fundraise for or adapt existing resources to.

Our main building, Limehouse Town Hall, and its collection of organisations and talented individuals remains a strong base of operations in which to innovate project ideas and draw upon support.

D - Become more secure as an organisation

Though individual organisations’ futures in the sector are generally speaking more precarious than they were a year and a half ago, we have overcome an initial period of uncertainty and are confident that we are well positioned to meet future needs and challenges.

Operationally, we have and are continuing to adapt processes to become more efficient, make better use of online technology, and minimise overhead.

Our board has gone through recent processes to bring in new specialisms of trustees, and we are continuing to look at ways to build in more beneficiary-led input through continuous consultation and advisory work.

We are now pivoting our fundraising strategy away from the shorter-term focus that the pandemic necessitated, and are looking to secure longer-term grants to link into our ecosystem or beneficiary-requested projects.

We have rebuilt reserves and have conducted strategic planning in the event of future lockdowns and changes in need that could emerge from those hardest hit. We are also continuously developing new project ideas, both in-house and in partnership with other local organisations and individuals.

Structure, governance and management

The Charitable Trust is constituted by Trust Deed. All necessary procedures have been completed for us to become a company limited by guarantee in addition to our existing registered charity status from 1[st] April 2018. The organisation is a charitable company limited by guarantee as defined by the Companies Act 2006 and registered as a charity with the Charity Commission. The Company was established under a Memorandum and Articles of Association which established the objects and powers of the Charitable Company and is governed by its Articles of Association. It was established on 7 December 2016 and the company remained dormant until the new financial year on 1 April 2018.

The Charity aims to have a diverse Board of Trustees and consults and co-produces with service users constantly, using varied methods, to inform our work. Central to Stitches in Time’s ethos is that participants play an essential role in the running and leading of the organisation e.g. running social events and group activities, and introducing new participants.

The Trustees have reviewed their skills and experience and recruited two new Trustees who are a qualified accountant and qualified solicitor, ensuring stronger financial and legal oversight.

11

Risk Statement: The Trustees have recognised their duty to identify and review the risks to which the charity is exposed, and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. The Charity ensures its financial procedures, health and safety policy and safeguarding procedures are reviewed periodically to reflect changing legislation and to refresh knowledge and practice.

Exemptions from disclosure

Stitches in Time does not claim any exemptions from disclosing the names of Trustees, the charity’s address, or other information normally included in a Trustees’ annual report.

Funds held as custodian trustee on behalf of others

No funds were held as a custodian trustee on behalf of others during the year.

Acknowledgement and thanks

The Trustees wish to acknowledge and thank the staff for their hard work and dedication throughout the year, in very challenging circumstances and a great period of uncertainty. Their vision, energy and innovation create the environment in which each and every person involved is able to develop personally and to contribute to and engage in the future development of Stitches in Time.

It is important also to acknowledge the important and essential contribution of all our volunteers whose goodwill and support is invaluable to us. We have received valuable pro-bono support in a variety of specialist areas, saving a substantial amount of expenditure.

We have enormous gratitude to the funders and donors that have recognised the value of our work and continue to support us.

Approval

This report was approved by the Trustees on 23rd December 2021, and signed on their behalf.

----- Start of picture text -----
Trustee and secretary
----- End of picture text -----

12 STITCHES IN TIME CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Exarniner's Report Report to the trustees1 members of snrcHEs INriME On accounts for Ihe year ended Charity no lif any) 31sr ￿ 2D21 I1I20S6 Set out on pages I report to the trustees c*) my examination of the a(£ounts of the above charity llhe Twsf) for the year ended 311031)011 . Responsibilitigs and As the chaiity trustees of the Trust. you are responsible for the preparation basls of report of the attounts in aCCordar￿e with the requirements of the Charities Act 2011 {Ihe Acri. I re￿rt in resped of my examination ofthe Trust's a(x>)unts carried out under sedion 145 of the 2011 Act and in ￿rr￿ng out my examirsalion, I have followed the applicable Dire(aK￿S given by the Chanty Commission under section 145(5Kbl of the Ad. I have C4)mpleted my examination. I confirm that no material matters have come lo my attentw)n ') in connection with the examination which gNes me cause to believe that in. any material respect.. accountiNJ records V•we not kept in acojrdance wlth section 130 of the Act or the accwnts do not ￿e￿rd ￿th the auJ)unting records Independenl examlnerfs statement I have no COn￿mS aThJ have ￿me across no other matters in connection th the examination to vthich attention should be drawn in order to enable 8 pmper understanding of the accounts to be reached. ' Please delete the words in the bi8ckets rfthey do not appty. Signed: Date: Name: FIN HEMLY L Relevant professional qualffication{s) or body Irf any): PCM41 10, KENr cws ML4g £LW IER October 2018

13 Section B Disclosure Onty oy)mplete rf the examiner needs to h￿hlight mattets of (K)n￿rn {see CC32, Independent examination of charity acccAmts: direct￿$ and guidance for ex8miners}. Give here brief details of any items th* th• examiner wishes to disclose. Nor APPU CIEE IER October 2018

14

STITCHES IN TIME

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING MARCH 31, 2021

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2020
Notes £ £ £ £
Incoming Resources
Generated funds:
Voluntary income: Grants 5 26,389 155,405 181,793 124,571
Donations 10,799 - 10,799 2,368
Bank interest, gross - - -
Charitable activities:
Service Level Agreements 6 - - -
Fees and sales 31,295 - 31,295 42,507
Surplus on sale of assets - - -
–––––– –––––– –––––– ––––––
Total Incoming Resources 68,483 155,405 223,887 169,446
Resources Expended
Charitable activities 7 26,892 144,539 171,431 190,523
Governance 13 - 13 33
–––––– –––––– –––––– ––––––
Total Resources Expended 26,905 144,539 171,444 190,556
–––––– –––––– –––––– ––––––
Net Incoming/(Outgoing)
Resources for the year 41,578 10,865 52,443 (21,110)
Reconciliation of Funds:
Total Funds brought forward 29,212 34,877 64,090 85,201
–––––– –––––– –––––– ––––––
Total funds carried forward 70,791 45,743 116,533 64,090
–––––– –––––– –––––– ––––––

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities, and are rounded to the nearest whole pound sterling (GBP)

The notes on pages 16 to 22 form part of these accounts.

15

STITCHES IN TIME

BALANCE SHEET AS AT MARCH 31, 2021

2021 2020
Notes £ £
FIXED ASSETS
Tangible Assets 8 0 0
CURRENT ASSETS
Debtors 9 8,180 7,271
Cash at Bank 155,689 76,735
Cash in hand 569 890
–––––– ––––––
164,438 84,015
LIABILITIES
Amounts falling due within one year 10 47,906 19,925
–––––– ––––––
TOTAL CURRENT ASSETS LESS LIABILITIES 116,534 64,090
–––––– ––––––
NET ASSETS 116,534 64,090
_____ _____
Represented by:
FUNDS
Unrestricted 70,791 29,212
Restricted 11 45,743 34,877
–––––– ––––––
TOTAL FUNDS 116,534 64,090
_____ _____

Approved by the Management Committee / Board of Trustees on 23rd December 2021

Trustee and secretary

The notes on pages 16 to 22 form part of these accounts

16

STITCHES IN TIME

NOTES TO THE ACCOUNTS, MARCH 31, 2021

1. STATUS

The organisation is an incorporated registered charity and successor to the unincorporated registered charity of the same name.

2. ACCOUNTING POLICIES

(a) The financial statements have been prepared under the historical cost convention, and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ issued in March 2005 (SORP 2005) and the Charities Act 2011.

(b) Tangible Fixed Assets: Capital expenditure on items £250 or over is depreciated at rates designed to write off the costs over the estimated useful lives of the assets, calculated on the straight line method, less any residual value.

(c) Incoming Resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

17

(d) Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

(e) Fund accounting

Funds held by the charity are either:

(f) Stock and work in progress

Stock and work in progress are valued at cost. Cost includes all direct expenditure and overheads based on the normal level of activity.

3. TAXATION

The charity is provisionally exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

18

5. GRANTS

Total Funds Total Funds Total Funds
2021 2020
£ £
Arts Council England 19,510 -
BBC Children In Need 29,397 29,397
Big Lottery Women & Girls Development Fund 9,320 55,920
The Community Fund
Reaching Communities Covid Response 37,740 -
EQUIP 2,000 -
The Henry Smith Charity 37,438 -
Jobs Retention Scheme 6,389 -
London Borough Tower Hamlets Tackling Poverty Fund - 14,790
Trusthouse 20,000 20,000
Big Lottery Awards for All - -
Groundwork - 4,464
Garfield Weston Foundation 20,000 -
–––––– ––––––
181,794 124,571
–––––– ––––––
  1. SERVICE LEVEL AGREEMENTS
Total Funds Total Funds
2020 2019
£ £
- -
–––––– ––––––

19

7. CHARITABLE ACTIVITIES

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2020
Notes £ £ £ £
Salaries 3,446 62,951 66,397 53,416
–––––– –––––– –––––– –––––-
Average number of
employees: FTEs 2.4 (2019/20: 2.4) 3,446 62,951 66,397 53,416
Fees 20,611 60,699 81,310 102,982
Projects 2,340 4,996 7,336 12,645
Depreciation 8 - - - -
Crèche - - - -
Rent - 8,881 8,881 12,039
Telecommunications - 1,019 1,019 791
Postage, stationery and photocopying 214 44 258 765
Insurance (11) 928 918 679
Bank charges 1 4 5 36
Travel and subsistence - - - 1,990
Equipment:
minor purchases - 822 822 1,486
maintenance - 125 125 312
Administrative support - 365 365 1,508
Memberships 214 1,854 2,068 736
Publicity 107 350 458 1,172
Studio maintenance (30) 1,499 1,469 879
Recruitment - - - -
–––––– –––––– –––––– ––––––
26,892 144,539 171,431 190,523
–––––– –––––– –––––– ––––––

20

8. FIXED ASSETS

Computer Production Total
equipment equipment
£ £ £
At cost:
at 1.4.20 - - -
additions - - -
disposals - - -
––––– ––––– –––––
at 31.3.21 - - -
Depreciation:
at 1.4.20 - - -
25% per annum - - -
disposals - - -
––––– ––––– –––––
at 31.3.21 - - -
––––– ––––– –––––
Net Book Value, 31.3.21 - - -
––––– ––––– –––––
Net Book Value, 31.3.20 - - -
––––– ––––– –––––

9. DEBTORS

2021 2020
£ £
Debtors, trade 5,074 5,310
Grants receivable 1,951 -
Pre-payments 519 1,325
Deposit, rent 636 636
–––––– ––––––
11,280 7,271
–––––– ––––––

21

10. CURRENT LIABILITIES, AMOUNTS FALLING DUE WITHIN ONE YEAR

2021 2020
£ £
Creditors 19,335 8,577
Refundable deposits 495 703
Salaries/PAYE/NIC 5,613 1,325
Accrued expenses - -
Sundry Creditors - -
Grants in Advance
Big Lottery Women & Girls - 9,320
The Henry Smith Charity 22,463 -
–––––– ––––––
47,906 19,925
–––––– ––––––

COMMITMENTS UNDER OPERATING LEASES

At March 31, 2020, the charity had no annual commitments under non-cancellable operating leases as set out below.

leases as set out below.
Assets other than
land and buildings
2021 2020
£ £
Operating leases which expire:
within 2 to 5 years 0 0

11. RESTRICTED FUNDS

Balance at Balance at Movement in
Balance at
Movement in
Balance at
Movement in
Balance at
April 1, Resources March 31,
2020 Incoming Outgoing 2021
£ £ £ £
Arts Council England - 19,510 (19,510) -
BBC Children In Need 5,618 29,397 (29,397) 5,184
Big Lottery
Women & Girls Development Fund 9,810 - (9,810) -
The Community Fund
Reaching Communities Covid Response - 37,740 (37,740) -
EQUIP - 2,000 (0) 2,000
The Henry Smith Charity - 37,438 (18,298) 19,139
Trusthouse 19,450 20,000 (20,030) 19,420
–––––– –––––– –––––– ––––––
34,877 155,405 (144,539) 45,743
–––––– –––––– –––––– ––––––

Project funds: All of the above provide revenue and/or capital funding for projects.

22

12. TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS

No trustees received any remuneration during the year (2021: £nil). There were no expenses reimbursed to, or paid on behalf of, members of the Management Committee.

No trustees or other persons related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2021: £nil).