## OMNOM GROUP LIMITED (A Company Limited by Guarantee) Company No. 10769708 Charity No. 1175640 Trustees' report and financial statements For the year ended 31 August 2020 ## **OMNOM GROUP LIMITED CONTENTS PAGE FOR THE YEAR ENDED 31 AUGUST 2020** ||Page| |---|---| |Information page|1| |Trustees' report|2| |Independent examiner's report|5| |Statement of financial activities|6| |(incorporating the income and expenditure account)|| |Balance sheet|7| |Notes to the accounts|8| ## **OMNOM GROUP LIMITED MEMBERS OF THE BOARD AND PROCESSIONAL ADVISERS FOR THE YEAR ENDED 31 AUGUST 2020** |Registered charity name|Omnom Group Limited| |---|---| |Charity number|1175640| |Company registrationOMNOM GROUP LIMITED|10769708| |Registered office|21 Brinkbrirn Gardens| ||Edgware| ||HA8 5 PL| |Trustees|Mr Nitin Madhavji| ||Mr Ajay Kumar| ||Mr Yuvrajsinh Rana| |Independent examiners|Khariwal Associates| ||35 Bedford Road| ||Moor Park| ||HA6 2AX| Page 1 **OMNOM GROUP LIMITED TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2020** The trustees, who are also directors for the purposes of company law, present their report and the unaudited accounts of the charity for the year ended 31 August 2020. The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the accounts. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The company is a charitable company limited by guarantee and was incorporated on 13 May 2017. It has no share capital, but each member undertakes in the event of winding up to contribute £10 towards the cost and expenses of winding up. The Charity is governed by our memorandum and articles of association. The charitable company's governing document is the Articles of Association. The parent company is Avanti Foundation Limited. The charity has a Board of Trustees formed by votes which are based on experience and 'value add'. All Board members consequently work together to ensure the objectives of the charity are met, in order to better meet the respective purposes of the charities. ## **OBJECTIVES AND ACTIVITIES** The objectives of the charity are the prevention or relief of poverty including through the provision of grants, financial support, items and services to individuals in need and or charities, or other organisations working to prevent and/or relieve poverty and the promotion of good health, in particular, but not exclusively, through the promotion of nutrition and mental and physical wall-being, and the provision of grants, financial support, items and services to individuals in need and/or charities, or other organisations working to promote nutrition and/or well-being. ## **PUBLIC BENEFIT** The charity provides tbc public benefit in the United Kingdom, India and such other areas of the world as the trustees shall from time to time determine: o the prevention or relief of poverty, including though the provision of grants, financial support, items and services to individuals in need and/or charities, or other organisations working to prevent and/or relieve poverty; and o the promotion of good health, in particular, but not exclusively, through the promotion of nutrition and mental and physical well-being, and the provision of grants, financial support, items and services to individuals in need and/or charities, or other organisations working to promote nutrition and/or well-being. The charity has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing of aims and objectives and in planning our future activities. The charity consider that the charity's aims are demonstrably to the public benefit. ## **ACHIEVEMENTS AND PERFORMANCE** Omnom had official opened its doors to the public in January 2020. In the first few months before the global pandemic arrived we were able to sponsor over 7000 meals for children in poorer parts of the world. We were unable to run any big festivals however we continuing to build partnerships with various individuals and organisations to keep the brand going. With each meal we were able to give healthy eating initiatives and promoted the wellbeing space upstairs. Omnom continued to push its goals by offering weekly free hot meals to the local homeless people in Islington. Page 2 **OMNOM GROUP LIMITED TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2020** Omnom also ran a series of wellbeing workshops called S.M.I.L.E. for the cancer community to bring them together. It was one of the many highlights of the year with such positive feed back and so many happy faces who felt nourished from this program. We seek to continue when we reopen. The pandemic affected the planned operations, however with the support and volunteers available, the charity was able to adapt it’s resources to still promote charitable objectives albeit on a smaller scale than hoped for. During the lockdown, we were not able to trade. So we shifted our purpose to partnering with another charity to offer daily meals to the NHS Hospitals in London and cook for free school meals children. We were able to serve 5000 meals to the NHS and UK children. Omnom capitalised early on from the festivals it ran last year on healthy eating and lifestyles with the influx of customers to the restaurant. The goal was to serve as many customers so we could also serve a meal to a child in need. Funds raised from meals sold, plus additional donations received have been allocated/spent, while we finalise suitable arrangements for spending it overseas, the need to respond to the pandemic has delayed this. In addition, Omnom served meals to the local homeless population during the early stages of the pandemic. Omnom has been using social media platforms to offer mental well being. This year has been challenging due to the pandemic but the brand continuing to grow and hope once the doors reopen the mission can carry on again. The feed back from customer reviews have been very positive on respective channels such as Google. These are early signs of growing loyal customers. ## **PLANS FOR THE FUTURE** The **charity's main aspirations are** to continue to follow its core objectives throughout the forthcoming years and build on the progress made to date. ## **FINANCIAL REVIEW** The charities affairs and activities for the period are presented in the financial statement set out on page 6 and the financial position at the end of the year is set out on page 7. ## **RESERVES POLICY** The unrestricted reserve is for the capital build of the property and this reserve will be used for this purpose. All other ring-fenced funds will be used to pay for food relief programs in the UK and abroad. Omnom Group Limited's reserves policy continues to be that of ensuring that the total unrestricted fund held within the general and designated reserves are equal to three months of budgeted unrestricted expenditure, thus ensuring that the organization would be able to wind up its affairs efficiently if faced with financial difficulties. At year end, free reserves exceeded three months operating costs. Trustees are continuing our policy to spend down excess reserves. ## **GOING CONCERN** We have adequate financial resources and have the structures in place to manage the business risks. In addition, our annual budgeting and forecasting processes have taken into consideration the current economic climate and its potential impact on both our various sources of income and expenditure. We have a reasonable expectation that we have adequate resources and control mechanisms to continue in operational existence for the foreseeable fixture. Further, we believe that there are no material uncertainties that may cast doubt on the charity's ability to continue as a going concern. ## **RISK STATEMENT** The Board believes that by monitoring income and activity levels, by ensuring that controls exist over key financial systems and by examining operational and business risks faced by the charity, it has effective systems in place to mitigate those risks. Page 3 **OMNOM GROUP LIMITED TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2020** ## **STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES** The trustees (who are also directors of charitable company for the purposes of company law) are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ## **SMALL COMPANY PROVISIONS** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees' annual report has been approved by the trustees and signed on their behalf by; ## Mr Yuvrajsinh Rana **Trustee** 26 August 2021 Page 4 **OMNOM GROUP LIMITED FOR THE YEAR ENDED 31 AUGUST 2020 INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF OMNOM GROUP LIMITED (‘THE COMPANY’)** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020. ## **Responsibilities and basis of report** As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner’s statement** Since the Company’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 a member of ACCA, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. M Khariwal ACCA Khariwal Associates Limited 35 Bedford Road Moor Park HA6 2AX 26 August 2021 Page 5 ## **OMNOM GROUP LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2020** **----- Start of picture text -----**
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2020 2020 2020 2019
Note £ £ £ £
INCOME
Income from:
Donations and legacies 2 163,746 - 163,746 352,912
Charitable activities:
Charitable income 121,597 - 121,597 150
Grant income 41,180 - 41,180 -
TOTAL INCOME 326,523 - 326,523 353,069
EXPENDITURE
Expenditure on:
Fundraising Activities: - - -
Events 238 - 238 -
Charitable Activities: -
Charitable expenses 420,828 - 420,828 34,118
TOTAL EXPENDITURE 3 421,066 - 421,066 34,118
Net income / (expenditure) &
(94,543) - (94,543) 318,951
Net movement in funds
Funds brought forward 11 422,710 - 422,710 103,759
Funds carried forward 11 328,167 - 328,167 422,710
**----- End of picture text -----**
All of the above results are derived from continuing activities. There were no recognised gains and losses other than those stated above. The comparative Statement of Financial Activities is available in notes to the accounts. The annexed notes form part of these financial statements. **Page 6** ## **OMNOM GROUP LIMITED BALANCE SHEET AS AT 31 AUGUST 2020** |**Note**
**FIXED ASSETS**
Fixed assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
10
**NET CURRENT ASSETS**
**Creditors: amounts falling due**
**after more than one year:**
10
**NET ASSETS**
**FUNDS**
Restricted funds
11
Unrestricted funds
Designated funds
11
General fund
11
Total unrestricted funds|**2020**
**£**
**£**
**620,759**
**620,759**
**86,085**
**64,161**
**150,246**
**(103,205)**
**47,041**
**(339,633)**
**328,167**
**-**
**1,287**
**326,880**
**328,167**
**328,167**|_£_
_210,688_
_134,086_
_344,774_
_(83,735)_
_2,035_
_420,675_|_2019_
_£_
_161,671_
_161,671_
_261,039_
_-_
_422,710_
_-_
_422,710_
_422,710_| |---|---|---|---| These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act”) and members have not required the Charity to obtain an aodit for the year in question in accordance with section 4 76 of the Act. The trustees acknowledge their responsibilities for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements. The financial statements were approved, and authorised for issue, by the trustees on 26 August 2021 and signed on their behalf by:- Mr Yuvrajsinh Rana Trustee ## **Company registration no. 10769708** The annexed notes form part of these financial statements. **Page 7** **OMNOM GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020** ## **1. ACCOUNTING POLICIES** ## **Statement of Compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland - (Charities SORP FRS 102) and the Companies Act 2006. The charitable company 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 or note. ## **General Information** The Charity is a private company limited by guarantee, incorporated in England and Wales (company number: 10769708) and a charity registered in England and Wales (charity number: 175640). The Charity’s registered office address is: Omnom Group Limited, 21 Brinkburn Gardens, Edgware HA8 5PL ## **Going concern** The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. Key judgements that the charitable company has made which have a significant effect on the accounts include preparing forecasts and long term business strategy. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. ## **Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from 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. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met. ## **1. ACCOUNTING POLICIES (continued)** ## **Donations of gifts, services and facilities** Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised. On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. ## **Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. 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. ## **Expenditure** 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. Expenditure is classified under the following activity headings: - Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. - Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs. - Other expenditure represents those items not falling into any other heading. ## **Tangible fixed assets** Items of equipment are capitalised where the purchase price exceeds a deminimus. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: Buildings 50 years Plant and machinery 10 years straight line ICT 3 years straight line Fixture and fittings 5 years straight line ## **1. ACCOUNTING POLICIES (continued)** ## **Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. |Financial assets at amortised cost (a)
Financial liabilities at amortised cost (b)|**2020**
**£**
**143,380**
**(448,097)**|_2019_
_£_
_344,774_
_(85,834)_| |---|---|---| (a) comprising all debtors as detailed in Note 9, other than prepayments. (b) comprising all creditors as detailed per Note 10, other then deferred income and taxation and social security. ## **Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **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. ## **Creditors and provisions** 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. ## **Pensions** The charity provides a defined contribution pension scheme to current employees, the assets of which are held separately from those of the company in an independently administered fund with The National Employment Savings Trust. Contributions are charged to expenditure as they fall due. ## **Employee benefits** Short term benefits including holiday pay are recognised as an expense in the period in which the service is received. ## **Significant judgments and sources of estimation uncertainty** The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Charity’s accounting policies. The key judgements that have been applied by management relate to depreciation rates. ## **2. DONATIONS AND LEGACIES** |Donations|**Unrestricted**
**Funds**
**2020**
**£**
**163,746**
**163,746**|**Restricted**
**Funds**
**2020**
**£**
**-**
**-**|**Total**
**Funds**
**2020**
**£**
**163,746**
**163,746**|_Total_
_Funds_
_2019_
_£_
_352,919_
_352,919_| |---|---|---|---|---| ## **3. EXPENDITURE** |**CURRENT YEAR**
Charitable activities
Fundraising expense
Other expenses
Governance costs
**PRIOR YEAR**
Charitable activities
Fundraising expense
Other expenses
Governance costs|**Direct Staff**
**costs**
**£**
**197,350**
**-**
**-**
**-**
**197,350**
_Direct Staff_
_costs_
_£_
4,281
**4,281**|**Direct**
**costs**
**£**
**96,947**
**-**
**14,596**
**-**
**111,543**
_Direct_
_costs_
_£_
4,029
1,223
-
**5,252**|**Support**
**costs**
**£**
**70,591**
**-**
**40,832**
**750**
**112,173**
_Support_
_costs_
_£_
23,835
-
-
750
**24,585**|**Total**
**2020**
**£**
**364,888**
**-**
**55,428**
**750**
**421,066**
_Total_
_2019_
_£_
32,145
-
1,223
750
**34,118**|_Total_
_2019_
_£_
_32,145_
_-_
_1,223_
_750_
_34,118_| |---|---|---|---|---|---| Details of support costs are given in Note 4. ## **4. SUPPORT COSTS** |Governance costs:
Trustee meetings
Examination fee for the year
Other support costs
Other support
Premises
**NET INCOME FOR THE YEAR**
This is stated after charging:
Operating lease rentals: Premises
Depreciation
Examiners' remuneration fees|**2020**
**£**
**-**
**750**
**70,591**
**40,832**
**112,173**
**2020**
**£**
**40,832**
**750**|_2019_
_£_
**-**
_750_
_-_
_23,835_
_24,585_
_2019_
_£_
_-_
_750_| |---|---|---| ## **5. NET INCOME FOR THE YEAR** ## **6. EMPLOYEE AND KEY MANAGEMENT PERSONNEL** The key management personnel of the Charity comprise the trustees (“Directors” for the purposes of the Companies Act) and Senior Management Team. The total amounts paid in respect of the key management personnel of the Charity (including employer's National Insurance contributions and employer's pension contributions) were £nil (2019: £nil). None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. |The aggregate payroll costs were:
Wages and salaries
Social security costs
Employer pension contributions|**2020**
**£**
**181,976**
**12,431**
**2,943**
**197,350**|_2019_
_£_
_3,763_
_420_
_98_
_4,281_| |---|---|---| No employees earning over £60,000 in the year (2019: none) No trustees were reimbursed any expenses in the year or the previous year. The average monthly number of staff employed by the Charity during the financial year amounted to: |Staff|**2020**
**No.**
**9.0**
**9.0**|_2019_
_No._
_1.0_
_1.0_| |---|---|---| ## **7. TAXATION** The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. |**8. FIXED ASSETS**
**Fixtures**
**Plant and**
**Leasehold**
**and fittings**
**equipment**
**fit out**
**£**
**£**
**£**
**Cost**
At 1 September 2019
**-**
**-**
**161,671**
Additions in the year
**126,167**
**17,995**
**355,758**
At 31 August2020
**126,167**
**17,995**
**517,429**
**Accumulated depreciation**
At 1 September 2019
**-**
**-**
**-**
Charge for the year
**23,131**
**882**
**16,819**
At 31 August2020
**23,131**
**882**
**16,819**
**Net book value**
At 31 August2020
**103,036**
**17,113**
**500,610**
At 31 August2019
**-**
**-**
**161,671**
**9. DEBTORS**
**2020**
**£**
Trade debtors
**69,967**
Other debtors
**9,252**
Prepayments
**6,866**
Amounts owed to group company
**86,085**
**10. CREDITORS: amounts falling due within one year**
**2020**
**£**
Trade creditors
**97,617**
Taxation and social security
**789**
Pension payable
**64**
Other creditors
**5**
Accruals
**4,406**
Amounts owed to group company
**324**
**103,205**
-
**10. CREDITORS: amounts falling due over one year (continued)**
**2020**
**£**
Loans and other liabilities
**125,000**
Other liabilities
**214,633**
Balance at the end of the year
**339,633**|**Total**
**£**
**161,671**
**499,920**
**661,591**
**-**
**40,832**
**40,832**
**620,759**
**161,671**
_2019_
_£_
_92,862_
_36,002_
_-_
_81,824_
_210,688_
_2019_
_£_
_81,636_
_1,349_
_-_
_-_
_750_
_-_
_83,735_
_2019_
_£_
_-_
_-_
_-_| |---|---| ## **11. STATEMENT OF FUNDS - CURRENT YEAR** |**Designated funds**
1.
Other funds
**Total designated funds**|**Balance at**
**1 September**
**2019**
**£**
**2,035**
**111,393**|**Income**
**£**
**-**
**-**|**Expenditure**
**£**
**(748)**
**(748)**|**Transfers**
**£**
**-**
**-**|**Balance at**
**31 August**
**2020**
**£**
**1,287**
**1,287**| |---|---|---|---|---|---| ## **Purposes of designated funds** 1. **Projects** - Prevention of poverty and promotion of good health ## **11. STATEMENT OF FUNDS - CURRENT YEAR (continued)** ## **SUMMARY OF FUNDS IN THE YEAR** |**Balance at**
**1 September**
**2019**
**Income**
**£**
**£**
General fund
**420,675**
**326,523**
Designated funds
**2,035**
**-**
Total unrestricted funds
**422,710**
**326,523**
Restricted funds
**-**
**Total funds**
**422,710**
**326,523**
**SUMMARY OF FUNDS IN THE PRIOR YEAR**
_Balance at_
_1 September_
_2018_
_Income_
_£_
_£_
_General fund_
102,759
_352,034_
_Designated funds_
1,000
_1,035_
_Total unrestricted funds_
_103,759_
_353,069_
_Restricted funds_
_-_
_Total funds_
_103,759_
_353,069_|**Expenditure**
**£**
**(420,318)**
**(748)**
**(421,066)**
**(421,066)**
_Expenditure_
_£_
_(34,118)_
_-_
_(34,118)_
_(34,118)_|**Transfers**
**£**
**-**
**-**
**-**
**-**
_Transfers_
_£_
_-_
_-_
_-_|**Balance at**
**31 August**
**2020**
**£**
**326,880**
**1,287**
**328,167**
**328,167**
_Balance at_
_31 August_
_2019_
_£_
_420,675_
_2,035_
_422,710_
_422,710_| |---|---|---|---| ## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS** ## **CURRENT YEAR** |Fixed assets
Net current assets
Creditors due after more than one year
**PRIOR YEAR**
_Fixed assets_
_Net current assets_
_Creditors due after more than one year_|**Designated**
**funds**
**£**
**-**
**1,287**
**-**
**1,287**
_Designated_
_funds_
_£_
_-_
_2,035_
_-_
_2,035_|**General**
**fund**
**£**
**620,759**
**45,754**
**(339,633)**
**326,880**
_General_
_fund_
_£_
_161,671_
_342,739_
_(83,735)_
_420,675_|**Restricted**
**funds**
**£**
**-**
**-**
**-**
**-**
_Restricted_
_funds_
_£_
_-_
_-_
_-_|**Total**
**funds**
**£**
**620,759**
**47,041**
**(339,633)**
**328,167**
_Total_
_funds_
_£_
_161,671_
_344,774_
_(83,735)_
_422,710_| |---|---|---|---|---| ## **13. OPERATING LEASE COMMITMENTS** The charity has no future minimum lease payments under non-cancellable operating leases. ## **14. LEGAL STATUS** The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £10 in the event of the charity being wound up. ## **15. RELATED PARTY TRANSACTIONS** Included in donations was £163,746 (2019: £349,146) from Avanti Foundation Limited (AFL), the holding company. As at year end, the total of £324 (2019: was owed £81,826) was due to Avanti Foundation Limited to the Charity. ## **16. STATEMENT OF FINANCIAL ACTIVITIES (continued)** |**INCOME**
Income from:
Donations and legacies
Charitable activities:
Charitable income
Other income
Investments: Bank interest
Other income: Recharge
Grant income
**TOTAL INCOME**
**EXPENDITURE**
Expenditure on:
Fundraising Activities:
Events
Charitable Activities:
Charitable expenses
**TOTAL EXPENDITURE**
Funds brought forward
**Funds carried forward**
**(**
**p**
**)**
**Net movement in funds**|Unrestricted
Funds
_2019_
352,912
150
-
7
-
-
353,069
-
34,118
34,118
318,951
103,759
422,710|Restricted
Funds
_2019_
(restated)
-
-
-
-
-
-
-
-
-|_Total_
_Funds_
_2019_
_£_
352,912
150
-
7
-
-
353,069
-
34,118
34,118
318,951
103,759
422,710| |---|---|---|---|