GRATITUDE INITIATIVE 2021 / 2022 ACCOUNTS 1st April 2021 to 31st March 2022
| Notes | 2021/22 | 2020/21 | ||
|---|---|---|---|---|
| £ | £ | |||
| Category | ||||
| Income | ||||
| Church Donations | 2 | 5,550 | 500 | |
| World Vision UK | 3 | 0 | 15,000 | |
| Mercers Company | 4 | 0 | 25,000 | |
| Other Institutions | 5 | 2,324 | 0 | |
| Individual Donations | 717 | 596 | ||
| Total Income | 8,591 | 41,096 | ||
| Expenditure | ||||
| Operations | Social Media, Website and Branding | 242 | 437 | |
| Office Management | 6 | 2,592 | 180 | |
| Media Communication | 6 | 1,728 | 3,295 | |
| Consultation Service Fees and Expenses | 6 | 27,750 | 25,530 | |
| Bank Charges and Maintenance Fee | 7 | 0 | 17 | |
| Sub-Total | 32,312 | 29,459 | ||
| Events | Gratitude Public Meetings | 8 | 0 | 2,875 |
| Sub-Total | 0 | 2,875 | ||
| Thought Leadership | Gratitude Summit | 5 | 3,152 | - |
| Sub-Total | 3,152 | 0 | ||
| Governance | Independent Examination | 240 | 240 | |
| Total Expenditure | 35,704 | 32,573 | ||
| Result | -27,113 | 8,523 | ||
| Balances | Balance b/f | 29,495 | 20,972 | |
| Surplus | -27,113 | 8,523 | ||
| Balance c/f | 2,382 | 29,495 | ||
| Current Assets | Bank | 2,393 | 29,495 | |
| Cash in hand | 0 | 0 | ||
| Debtors | 21 | 0 | ||
| Current Assets | 2,414 | 29,495 | ||
| Current Liabilities | Cheques not cleared | 0 | 0 | |
| Creditors | 32 | 0 | ||
| Current Liabilities | 32 | 0 | ||
| Net Current Assets | 9 | 2,382 | 29,495 |
Notes
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The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (Charities SORP FRSSE) (effective 1 January 2015) and applicable accounting standards. They are prepared on a receipts and payments basis, and include all transactions, assets and liabilities for which Gratitude Initiative is responsible.
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We were grateful to receive donations from Reality Church London, IMQV Londres and The Globe Church for the work of Gratitude Initiative.
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Sponsorship activities with World Vision through the planned St Paul's Cathedral event were delayed by the pandemic.
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The final instalment of a three year grant from the Mercers Company was received in the 2020/21 financial year.
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We were grateful to receive sponsorship of the Gratitude Summit from the Bishop of Southwark's Discretionary Fund and The London Project (City to City UK).
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The charity had no employees during the year, and did not pay any trustee to provide services. Girma Bishaw and Clare Herriott, who undertook work for the charity, were self-employed and charged the charity for their time on agreed hourly rates.
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We were pleased that the charity's bankers, Metro Bank, converted our bank account into a community account with no monthly maintenance fees and 200 free transactions each month.
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The COVID-19 pandemic necessarily restricted activities in both 2021 and 2022.
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Reserves at 31 March 2022 are the equivalent of one month's operations costs. This is below the trustee's target to hold a mimimum of three months operations costs in reserve, and the board is actively persuing opportunities for income in the 2022/23 financial year onwards.
These accounts were approved by the trustees on 16 May 2022 and signed by the chair on behalf of the board.
Ric Thorpe Bishop of Islington