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2020-09-30-accounts

Charity no. 1174564

Walk21 Foundation Annual Report 30 September 2020

Walk21 Foundation

Reference and administrative details

Reference and administrative details Reference and administrative details
For theyear ended 30 September 2020
Charity number 1174564
Registered office and 24 Moorend Road
operational address Cheltenham
GL53 0HD
Trustees Trustees who served during the year and up to the date of this
report were as follows:
Heather Allen
Kristie Daniel
Salvador Herrera
James Littlewood
Celia Wade-Brown
Chief executive officer Bronwen Thornton
Bankers HSBC
2 The Promenade
Cheltenham
GL50 1LS
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2020

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

Walk21 Foundation is a Charitable Incorporated Organisation (CIO) governed by its constitution.

Trustees are appointed in accordance with the constitution. They confirm their understanding and agreement with the values of the charity. Trustees are recruited with the aim of achieving a broad range of specialist knowledge, skills and experience to provide governance and legal responsibility for the organisation.

The trustees meet four times a year, mostly by remote access. Trustees are supported by an Advisory Council and an informal group of Associates of Walk21. Daily management of the Foundation is by Access Associates Ltd, which provides the secretariat and chief executive functions.

Objectives and activities

The purposes of the charity are set out in the constitution. The objects of the CIO are, for the benefit of the general public in the UK and internationally:

This is the third Annual Report for Walk21 Foundation following registration as a Charity on 7 September 2017. Following a second year (2018-19) of consolidation and continuity, this year 201920 has been a year of expansion despite the challenges of the global pandemic.

The trustees have had regard for the Charity’s Commission guidance on public benefit. The Foundation has delivered public benefit through a suite of activities undertaken during the year, including:

Achievements and performance

The main achievements for the Walk21 Foundation during this year include:

2

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2020

Walk21 has been able to have a direct input into the development of activities and projects that will help change the urban fabric and make it a safer, more comfortable and easier place to walk for everyone from small children to the elderly. During the year we have:

Further information about some of these initiatives is provided below.

1. Walk21 Global Network

Walk21 connects a global network of over 5,000 people and organisations who share our mission. We have achieved this through a monthly e-newsletter, social media posts, maintaining a website and responding to individual requests for information and support.

Our most active social media is Twitter and we create about 500,000 impressions each year with about 300 tweets. Twitter followers increased from 4,000 to 4,500 during the year, with the conference and international events as key moments of activity and user engagement.

We also reach our network through Facebook, Linked In and Instagram and the monthly newsletter. The monthly newsletter shares stories from the network and Walk21 as well as key items of interest from around the world. On average each newsletter is opened 700 times.

2. Advocacy for Walking

Walk21 was present at events throughout the year to advocate for walking across a range of agendas that address the Walk21 Foundation charitable objectives, including: public health; safer city streets; equity and mobility; climate action; and economic wellbeing. Due to COVID-19, all events were deferred or went online from March 2020 and Walk21 participated in this format for the rest of the year. You can see the list in the table below.

3

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2020

Date Event Contribution
Oct-19 Micro-mobility Conference,Ljubljana, Slovenia Invited speaker
Oct-19 LowCarbonCityWorldForum, CostaRica Invited plenary
Oct-19 UN EST Forum,Hanoi,VietNam Invited speaker
Nov-19 POLIS conference,Brussels,Belgium Invitedmoderator
Nov-19 COP25TransportDay, OpeningPlenary,Madrid, Spain Invitedmoderator
Dec-19 BVLF Festival Rotterdam,TheNetherlands Invited speaker
Dec-19 EMW Award and SUMPJury,Brussels,Belgium Juror
Jan-20 SLoCaT Board and partnership meeting,
SUM4ALLConsortium Meeting,Washington DC
Chair
Member
Jan-20 TransformingTransportationconference,Washington DC Invited speaker
Jan-20 EU CitiesForum,Porto,Portugal Invited speaker
Jan-20 ITFConsultation Day,Women in Transport,Paris,France Invited panellist
Feb-20 GetIrelandWalkingworkshop,Dublin,Ireland Invited plenary
Feb-20 3rd Global Ministerial Conference on Road Safety, Stockholm,
Sweden
Invited moderator,
Invited speaker
Mar-20 ClimateWeek Berlin,Berlin, Germany Invited presenter
May-20 COVID-19 and Urban Mobility,UN Habitat Invited speaker
Jun-20 Fireside Chat: Health and Happiness, SLOCAT Invited moderator,
Invited speaker
Sep-20 African MobilityMonth,UN Environment Invited speaker
Sep-20 EuropeanUrban MobilityDays Invited speaker

In addition, Walk21 contributed to a range of resource developments and initiatives, to provide input and ensure walking was well captured within the project. These include:

3. Global Sidewalk Challenge

Walk21 established The Global Sidewalk Challenge as a project within the Marrakesh Partnership - Global Climate Actions (MP-GCA) and launched it at the United Nations Climate Change Conference COP23. The ambition of the Sidewalk Challenge is to catalyse action for walking to deliver more walkable communities including 100,000km of dedicated, safe, barrier free access. There are a range of initiatives sitting within the Sidewalk Challenge.

4

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2020

STRIDE

Following the successful application of the STRIDE tool, developed in partnership with CEDEUS University in Chile, in Medellin Colombia (with Fundapeaton, funded by Alstom Foundation) and Lagos Nigeria (with LAMATA, funded by TUMI) both cities fulfilled their commitments and built improved pedestrian facilities in response to community need.

Lagos Nigeria – building safe sidewalks and crossing points in response to STRIDE tool analysis.

Works in Medellin, Colombia – widening the sidewalk

Building on this success, in September, we secured more funding from ALSTOM Foundation to develop the tool for use by women in Dublin, Ireland, in partnership with the Technical University Dublin.

STEPS

In March 2020, Walk21 was invited to run a two day workshop on the STEPS principles as part of the third Transport and Climate Change Week in Berlin, Germany, hosted by GIZ. The workshop was attended by delegates from around the globe, including India, Viet Nam, Kenya and Ecuador.

5

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2020

The Mayor of Ambato signed the International Charter for Walking at the event, committing to future investments in a walkable community.

4. Walk21 International Conferences

The Walk21 International Conference on Walking and Liveable Communities was held in Rotterdam, The Netherlands in October 2019. The first European event for the conference in 4 years attracted 600 delegates. The event saw the launch of a Dutch National Framework commitment for walking and a new platform for national collaboration.

Preparations commenced for Walk21 Seoul in 2020.

6

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2020

5. Enhancing walkability in Hong Kong

Walk21 joined this project in December 2017 to support a full study of walkability within the city of Hong Kong, contributing expertise and international input and developing a new global index for walkable cities. During this year, Walk21 worked on the indicators and planning frameworks and prepared the draft HK Walking Strategy and recommendations for action by the HK Administration.

6. UN Environment Share the Road Program

Walk21 partnered with UN Environment, based in Nairobi, Kenya to deliver core elements of their Share the Road program. In addition to providing resources for managing the work program, Walk21 undertook core activities including:

Financial review

General

The main income for the Charity during the year came from:

In total there was £292,339 income and £261,666 expenditure.

Reserves policy

The charity holds unrestricted reserves of £40,045 in order to fund its future plans. This meets the unrestricted reserves target of between £30,000 and £60,000.

7

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2020

Risk management

The trustees have reviewed the major risks to which the charity is exposed, both operationally and financially, and are satisfied that the systems are in place to manage exposure to any risks that may significantly affect the Charity.

Since February 2020, the world has been disrupted by the COVID-19 pandemic. This has impacted dramatically on the operations of the Charity - due to the high volume of international travel and representation undertaken. Fortunately, the financial impact has been mixed, with some income streams being deferred, while new income streams have come online.

The Charity is taking the following steps to mitigate the ongoing challenges COVID-19 pose: ▪Active outreach through online forums and social media to sustain advocacy work; and

The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons: ▪The charity holds unrestricted, general reserves of £40,045;

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

8

Walk21 Foundation

Report of the trustees

For the year ended 30 September 2020

The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. Trustees received no payments during this year.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 31 March 2021 and signed on their behalf by

James Littlewood - Honorary Treasurer

9

Independent examiner's report

To the trustees of

Walk21 Foundation

I report to the trustees on my examination of the accounts of Walk21 Foundation (the CIO) for the year ended 30 September 2020, which are set out on pages 11 to 21.

Responsibilities and basis of report

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Date: 1 April 2021 Alison Godfrey FCA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

10

Walk21 Foundation

Statement of financial activities

For the year ended 30 September 2020

For the year ended 30 September 2020
Restricted Unrestricted
Note
£
£
Income from:
Charitable activities
3
200,811
91,528
Total income
200,811
91,528
Expenditure on:
Raising funds
-
20,632
Charitable activities
151,620
89,414
Total expenditure
5
151,620
110,046
6
49,191
(18,518)
Reconciliation of funds:
Total funds brought forward
16,562
58,563
Total funds carried forward
65,753
40,045
Net income / (expenditure) and net
movement in funds
2020
Total
£
292,339
292,339
20,632
241,034
261,666
30,673
75,125
105,798
2019
Total
£
265,152
265,152
15,604
192,848
208,452
56,700
18,425
75,125

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 13 to the accounts.

The 2019 comparatives have been restated in line with the Charities SORP (FRS 102) and the move from receipts and payments accounting to accruals accounting.

11

Walk21 Foundation

Balance sheet

As at 30 September 2020

Note
Current assets
Debtors
9
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
10
Net current assets
Net assets
12
Funds
13
Restricted funds
Unrestricted funds
Total charity funds
£
31,476
80,061
111,537
(5,739)
2020
£
105,798
105,798
65,753
40,045
105,798
2019
£
56,620
50,432
107,052
(31,927)
75,125
75,125
16,562
58,563
75,125

Approved by the trustees on 31 March 2021 and signed on their behalf by

James Littlewood - Honorary Treasurer

12

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Walk21 Foundation 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 note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. However, the COVID-19 pandemic has had a profound impact on the global economy, and has in turn affected the charity. The trustees have considered the impact of this issue on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £40,045 and a cash balance of £80,061. The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

e) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

13

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

1. Accounting policies (continued)

f) Allocation of support and governance costs

g) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

h) Cash at bank and in hand

Cash at bank and cash 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.

i) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

j) Financial instruments

The trust 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.

k) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

l) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The were no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

14

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

2.
Statement of financial activities: prior period comparatives
Restricted
£
£
Income from:
Charitable activities
79,237
185,915
Total income
79,237
185,915
Expenditure on:
Raising funds
-
15,604
Charitable activities
62,675
130,173
Total expenditure
62,675
145,777
Net income and net movement in funds
16,562
40,138
3.
Income from charitable activities
Restricted
£
£
Grants
Alstom Foundation
18,506
-
Bernard Van Leer Foundation
4,800
-
City of Rotterdam
-
15,000
Mott McDonald
-
17,886
Seoul Metropolitan Government
-
39,453
Transport for Greater Manchester
-
885
TUMI Stride
-
13,087
UN Environment
171,812
-
Other
Sales and fees
5,693
4,489
Other income
-
728
Total income from charitable activities
200,811
91,528
Unrestricted
Unrestricted
2019
Total
£
265,152
265,152
15,604
192,848
208,452
56,700
2020
Total
£
18,506
4,800
15,000
17,886
39,453
885
13,087
171,812
10,182
728
292,339

15

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

3. Income from charitable activities (continued) Prior period comparative:

Income from charitable activities (continued)
Prior period comparative:
Grants
Alstom Foundation
Bernard Van Leer Foundation
City of Rotterdam
Ecorys Nederland B.V.
GIZ GmbH
Infopunt Publieke Ruimte
Mott McDonald
TUMI Stride
UN Environment
University of Leeds
University of Manchester
Other
Expenses recharge
Other income
Total income from charitable activities
Restricted
£
£
23,944
-
4,800
-
-
34,936
-
8,593
6,905
-
-
300
-
55,883
-
46,630
38,994
-
4,500
-
-
29,500
-
8,957
94
1,116
79,237
185,915
Unrestricted
2019
Total
£
23,944
4,800
34,936
8,593
6,905
300
55,883
46,630
38,994
4,500
29,500
8,957
1,210
265,152

4. Government grants

The charity received government grants totalling £226,265 from the United Nations, City of Rotterdam, Seoul Metropolitan Government and Transport for Greater Manchester during the period (2019: £73,930). There are no unfulfilled conditions or contingencies attaching to these grants.

16

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

5. Total expenditure

Total expenditure
£
Consultancy
10,992
Project partners
-
Management fees
9,640
Strategic communications
-
Governance
-
Accounting
-
Bank charges
-
Insurance
-
Subscriptions
-
Travel and subsistence
-
IT Software
-
Printing, postage and stationary
-
Sub-total
20,632
-
Total expenditure
20,632
Total governance costs were £2,763 (2019: £2,267)
Prior period comparative:
£
Consultancy
6,304
Project partners
-
Management fees
9,300
Strategic communications
-
Accounting
-
Bank charges
-
Sundry
-
Travel and subsistence
-
IT Software
-
Printing, postage and stationary
-
Sub-total
15,604
-
Total expenditure
15,604
Raising funds
Raising funds
Reallocation of support and governance
costs
Reallocation of support and governance
costs
£
£
98,924
-
11,253
-
77,120
9,640
22,872
1,204
-
355
-
2,408
-
1,346
-
644
-
102
-
12,138
-
2,895
-
133
210,169
30,865
30,865
(30,865)
241,034
-
£
£
56,737
-
9,874
-
74,400
9,300
12,451
655
-
2,267
-
336
-
271
-
26,270
-
230
-
57
153,462
39,386
39,386
(39,386)
192,848
-
Charitable
activities
Support and
governance
costs
Support and
governance
costs
Charitable
activities
£
109,916
11,253
96,400
24,076
355
2,408
1,346
644
102
12,138
2,895
133
2020
Total
261,666
-
261,666
£
63,041
9,874
93,000
13,106
2,267
336
271
26,270
230
57
2019
Total
208,452
-
208,452

17

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

6. Net movement in funds

This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' fee
2020
£
Nil
355
2,100
2019
£
Nil
Nil
1,104

Trustees' reimbursed expenses related to expenses for 1 trustee (2019: Nil) for travel and subsistence costs.

7. Staff costs and numbers

The charity did not employ any staff during the year.

The key management personnel of the charity comprises the Trustees and Chief Executive Officer. The Chief Executive Officer is a director of Access Associates Limited, which is contracted to supply management services for a fee totalling £96,400 (2019: £93,000).

8. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9. Debtors

Trade debtors
Other debtors
2020
£
13,051
18,425
31,476
2019
£
38,195
18,425
56,620

10. Creditors : amounts due within 1 year

Trade creditors
Accruals
Deferred income (note 11)
2020
£
-
2,100
3,639
5,739
2019
£
30,823
1,104
-
31,927

18

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

11. Deferred income

Deferred income
At 1 October 2019
Deferred during the year
Released during the year
At 30 September 2020
2020
£
-
3,639
-
3,639
2019
£
-
-
-
-

Deferred income relates to contract income received at the end of the year for the UN Habitat project on which work has not yet begun.

12. Analysis of net assets between funds

Analysis of net assets between funds
Current assets
Current liabilities
Net assets at 30 September 2020
Prior period comparatives
Current assets
Current liabilities
Net assets at 30 September 2019
£
65,753
-
65,753
£
25,157
(8,595)
16,562
Restricted
funds
Restricted
funds
£
45,784
(5,739)
40,045
£
81,895
(23,332)
58,563
Unrestricted
funds
Unrestricted
funds
£
111,537
(5,739)
Total
funds
105,798
£
107,052
(31,927)
Total
funds
75,125

19

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

13. Movements in funds

Restricted funds
Alstom Foundation
UN Environment (Share the Road)
TUMI Steps
Bernard Van Leer Foundation
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds
£
12,421
(944)
1,485
3,600
16,562
58,563
58,563
75,125
At 1
October
2019
Income
£
18,506
171,812
5,693
4,800
200,811
91,528
91,528
292,339
£
(30,927)
(105,115)
(7,178)
(8,400)
(151,620)
(110,046)
(110,046)
(261,666)
Expenditure
£
-
65,753
-
-
At 30
September
2020
65,753
40,045
40,045
105,798

Purposes of restricted funds

Alstom Foundation

Funding for development and application of the STRIDE tool with children in Medellin Colombia, in partnership with local NGO Fundapeaton. The STRIDE tool enabled the children to capture where the environment was not safe or comfortable for walking and the local authority to undertake improvements.

UN Environment (Share To support the UN Environment Share the Road program, the Road) developing a range of tools and resources to support and promote walking and cycling, mostly within Africa but informing the global agenda.

TUMI STEPS

The STEPS workshop was conducted with a range of stakeholders to build good governance for walkability within local authorities. Conducted in Berlin and with The City of Rotterdam.

The University of Leeds

To support workshops in Bangladesh and Kenya investigating the walkability of local informal settlements and identify the needs of local garment workers and domestic workers and how to support them with better accessibility.

Bernard Van Leer Foundation

Walk21 partners with BvLF to develop resources to help raise the advocacy voice for walking, through new parents and carers of babies and toddlers.

20

Walk21 Foundation

Notes to the financial statements

For the year ended 30 September 2020

13. Movements in funds (continued) Prior period comparatives

Restricted funds
Alstom Foundation
UN Environment (Share the Road)
TUMI Steps
The University of Leeds
Bernard Van Leer Foundation
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds
£
-
-
-
-
-
-
18,425
18,425
18,425
At 1
October
2018
Income
£
24,038
38,994
6,905
4,500
4,800
79,237
185,915
185,915
265,152
£
(11,617)
(39,938)
(5,420)
(4,500)
(1,200)
(62,675)
(145,777)
(145,777)
(208,452)
Expenditure
£
12,421
(944)
1,485
-
3,600
At 30
September
2019
16,562
58,563
58,563
75,125

14. Related party transactions

There are no related party transactions to disclose in the current or previous reporting period.

15. Accruals basis of accounting

The prior period comparatives have been restated following a move from receipts and payments accounts to the accruals basis of accounting. Debtors and creditors outstanding at 30 September 2019 have been recognised, with consequent adjustments to income and expenditure for the year ended 30 September 2019.

21