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2020-11-30-accounts

Wave Slaves Surf Club

Registered CIO no. 1181903 Registered address: 43 Rialton Heights, Newquay, Cornwall TR7 3HU Operational address: 9 Esplanade Rd, Newquay, Cornwall TR7 1PS Trustees: J Wren (Chair), J Lucas, H Lucas, C Collier, S Power

Review of 2020 Club Development

Wave Slaves Surf Club provides surfing opportunities for children and young people aged 8-18years, predominantly operating in Newquay, Cornwall. After ten years of operating as a constituted community sports club, Waves Slaves Surf Club registered as a Charitable Incorporated Organisation on the 6[th] February 2019 marking a step-change in the club’s development.

The club is managed by a volunteer Board of Trustees, who are elected by the membership at the Annual General Meeting each November. The Trustees are representatives of the young people, as parents or carers, and elected based on their skills and experience. Joining the Committee following our AGM in November 2020 is parent Laura Cutting and elected member Tina Beresford who is also on the Committee for Surfing England.

The Board is supported by the appointed Head Coaches: Professional surfer and coach, Jen Pendlebury and Professional surfer, coach and parent Ruebin Pearce. They manager a team of local experienced and qualified Surf Instructors.

The club’s dedicated Safeguarding Officer, Trustee Sally Power has

worked with our Head Coaches to ensure the safety of the children and young people under Covid-19 rules during 2020. The Trustees would like to express their gratitude to Jen and Sally for their tireless commitment to continue delivery over the last year. There were once again no major incidents. The Trustees are committed to investing further time, resources and training in 2021.

A grant from UK Youth has allowed the club to purchase additional surfboards and associated equipment, to remove barriers for children and young people without their own equipment. Six brainchild boards were purchased with the view to expand places at the club, however the club will be unable to accommodate additional spaces until Covid-19 restrictions are fully lifted.

Following support from Coop Membership Community Fund further works will be undertaken to further improve the space at Quiksilver Surf School, from where the club operates. The Trustees continue to make enquiries to secure a permanent clubhouse for the future.

2020 Financial Review

Due to Covid-19 restrictions on club activity in the year we had income of £12,785 which is considerably lower than £23,391 in 2019. Equally a drop in expenditure was from £14,685 (2019) to £8,922 (2020) reflects that fewer session were delivered. The club finished the year end with £3,863 surplus. This includes a restricted grant from The Elmgrant Trust for training of older members making the transition to club volunteer, this was due to be spent in 2020 but due to Covid-19 delays has now been carried forward to 2021. A grant from UK Youth Fund was also received in the year to purchase a further six surfboards.

We kicked off 2020 with an exiting new partnership with our local Co-op Store and Funeral Care service. Unfortunately many of the joint activities planned had to be canceled due to Covid-19 restrictions. However we are delighted that our local community through the store raised a fantastic £2,568.89. The funds from Co-op have enabled Wave Slaves Surf Club to continue to deliver sea sessions in 2020 and will fund adaptions to their storage and facilities in 2021.

“We were delighted to be selected”, says Chair Jay Wren, “We were in a very different position last year, with big plans to expand, but Covid-19 have postponed these dreams, for the time-being anyway. We cannot thank Co-op enough for helping us to adapt to keep local children and young people in the sea .”

The club retains £10,537 in unrestricted free reserves, equating to five months operating costs in line with recommended practise from the Charity Commission.

2020 Activities, Achievements & Public Benefit

The season commencing in March 2020 was delayed until mid June due to the national lockdown. Due to restrictions and social distancing rules the club reduced intake to 60 members (from 107 in 2019) with a 6:1 member to coach ratio, as opposed to 8:1. The smaller groups were phased in between mid June and end of July, with staggered start times. We continue to operate a waiting list for places due to demand.

The number of sessions also significantly reduced from 35 sessions each for both Monday and Thursday club nights from March to October to 23

sessions across both club nights. Four sessions also had to be canceled due to storm and sea conditions.

“it’s been a challenging year, managing social distancing rules with so many children and young people, plus managing parents and carers.” Head Coach Jen Pendlebury explains, “ However, we recognised early on that it would be important for children and young people’s physical health and well-being to keep surfing.”

Once again there was a consistent team of seven experienced instructors which has helped to build on the weekly development of each child and young person. In total 23 surf sessions were delivered progressing the children and young people through their Surfing England Junior Surf levels 1-5. Surfing Level Presentations were made at the end of the year.

High Tide & Winter Train Training

All externally organised events such as the Joe Way Paddle For Life and surf competitions were postponed during 2020. High tide activities such as coasteering and mega sup (stand-up paddle boarding) were also not possible due to social distancing.

Despite great efforts to secure a pool and gym access over Winter, only two winter swim training sessions were possible during December before further lockdown restrictions came into force.

Development of Members Post 15 years

Waves Slaves engages young people up to the age of 18 years. However there is a common trend across many sports with participation of young people aged 15 plus, where drop-out rates can be high. Two young people were identified to undertake their Lifeguard and Surf Instruction training in 2020 however this was postponed due to Covid-19. This training will now potentially take place in September 2021, with volunteering placement within the club thereafter. Opportunities to volunteer ahead of their training will be provided subject to Covid-19 rules. This may support both individuals to their Sports Leader Award.

Wave Slaves Surf Club Wave Slaves Surf Club Wave Slaves Surf Club Wave Slaves Surf Club Charity No
(if any)
1181903 CC17a
Annual accounts for the period
Period start date 2019/12/1 To Period end
date
2020/11/30
Section A Statement of financial activities
Recommended
categories by activity D
etails of own analys iNote restricted fun icted income n fdowment fun dTotal thisyear Total lastyear
£ £ £ £ £
**Incoming resources(N ** ote 3) F01 F02 F03 F04 F05
Incoming resources from
generated funds
84 - - 84 -
Voluntary income S01 12,701 - - 12,701 23,391
Activities for generating funds S02 - - - - -
Investment income S03 - - - - -
Incoming resources from
charitable activities
S04 - - - - -
Other incoming resources S05 - - - - -
Total incoming resources S06 12,785 - - 12,785 23,391
**Resources expended( ** Notes 4-8)
Costs of Generating Funds - - - - -
Costs of generating voluntary
income
S07 147 - - 147 396
Fundraising trading costs S08 - - - - 265
Investment management costs S09 - - - - -
Charitable activities S10 8,776 - - 8,776 14,024
Governance costs S11 - - - - -
Other resources expended S12 - - - - -
Total resources expended S13 8,922 - - 8,922 14,685
Net incoming/(outgoing) resources before
transfers

S14
3,863 - - 3,863 8,706
Gross transfers between funds S15 - - - - -
Net incoming/(outgoing) resources before
other recognisedgains/(losses)

S16
3,863 - - 3,863 8,706
Other recognised gains/(losses)
Gains and losses on revaluation of fixed assets
for the charity’s own use
S17 - - - - -
Gains andlosses on investment assets S18 - - - - -
Net movement in funds S19 3,863 - - 3,863 8,706
Total funds brought forward S20 8,706 - - 8,706
Total funds carried forward S21 12,569 - - 12,569 8,706

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CC17a (Excell 2010512021

Section B Balance sheet Section B Balance sheet Section B Balance sheet Section B Balance sheet
Note Unrestricted
funds

Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Tangible assets(Note 9) B01 4,850 - - 4,850 4,384
B02 - - - - -
Investments(Note 10) B03 - - - - -
Total fixed assets B04 4,850 - - 4,850 4,384
Current assets
Stock and work inprogress B05 - - - -
Debtors(Note 11) B06 - - - - 70
(Short term) investments B07 - - - - -
Cash at bank and in hand B08 10,537 - - 10,537 9,898
Total current assets B09 10,537 - - 10,537 9,968
Creditors: amounts falling due within
oneyear(Note 12)

B10
- - - - -
Net current assets/(liabilities) B11 10,537 - - 10,537 9,968
Total assets less current liabilities B12 15,387 - **- ** 15,387 14,352
Creditors: amounts falling due after
oneyear(Note 12)
B13 5,077 - - 5,077 6,738
Provisions for liabilities and charges B14 - - - - -
Net assets B15 10,310 - - 10,310 7,614
Funds of the Charity
Unrestricted funds B16 10,310 10,310 7,614
B17 - - -
Restricted income funds (Note 13) B18 - - -
Endowment funds(Note 13) B19 - - -
Total funds B20 10,310 - - 10,310 7,614
Signed by one or two trustees on behalf of all
the trustees
Signature Print Name Date of
approval
J A Lucas Julie Lucas 20.05.21
C A Collier Cath Collier 25/05/2021

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

Give details in this box of any material changes that have been made.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years . Give details in this box of any material changes that have been made.

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 2 Accounting policies
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or
additional policy has been adopted then this is detailed in the box below.
INCOMING RESOURCES
Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:

resources

• the charity becomes entitled to the resources;

• the trustees are virtually certain they will receive the resources; and

• the monetary value can be measured with sufficient reliability.
Incoming resources with
related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income)
the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Tax reclaims on donations
and gifts
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
which they relate.
Contractual income and
performance related grants
This is only included in the SoFA once the related goods or services have been delivered.
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and
facilities
These are only included in incoming resources (with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._
The value placed on these resources is the estimated value to the charity of the service or
facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charitytopayout resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of service
or output to be provided, such grants are only recognised in the SoFA once the recipient of the
grant has provided the specified service or output.
Grants payable without
performance conditions
These are only recognised in the accounts when a commitment has been made and there are
no conditions to be met relatingto thegrant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita,staff costs bythe time spent and other costs bytheir usage.
ASSETS
Tangible fixed assets for use
by charity
These are capitalised if they can be used for more than one year, and cost at least £500. They
are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM THOSE
ABOVE


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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 3 Analysis of incoming resources
Incoming resources may be further analysed if this would help the reader of the accounts.
Analysis Thisyear Lastyear
£ £
Voluntary income Fund raising 3,174 1,346
Monthly subscription fee 6,132 18,795
Membership 2,715 2,250
Grants 680 1,000
- -
Total 12,701 23,391
Activities for generating funds Clothingsales 84 -
- -
- -
- -
- -
Total 84 -
Investment income Bank interest 7 -
- -
- -
- -
- -
Total 7 -
Incoming resources from
charitable activities
-
-
-
- -
- -
Total - -

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the accounts.
Analysis Thisyear Lastyear
£ £
Costs of generating
voluntary income
Fundraising costs 147 396
-
-
-
-
147 396
Fundraising trading
costs
Advertising 265
-
-
-
-
Total - 265
Investment
management costs
- -
- -
- -
Total - -
Charitable activities Instuctor costs 5,262 9,924
Facilty hire 379 1,533
Hire/activity & equipment 908 1,192
Accountancy/Insurance and legal fees 2,138 1,228
Bank charges 88 147
Total 8,776 14,024
Governance costs - -
- -
- -
Total - -

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 5 Support Costs
Please complete this note if the charity has analysed its expenses using activity categories and has
support costs.
Support cost type Fundraising activity Charitable Activity Governance Activity Total Cost
£ £ £ £
-
-

-
-
-
-

-
-
-
-

-
-
-
-

-
-
-
-

-
-
-
-

-
-
-
-

-
-
Total -
-

-
-
Note 6 Details of certain items of expenditure
6.1 Trustee expenses
Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to
trustees or to third parties for expenses incurred by trustees. If no expenses were paid,
please enter ‘None’ in the appropriate box(es).
This year Last year
Number of trustees who were paid expenses
Nature of the expenses
Total amount paid £ £
6.2 Fees for examination or audit of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other
services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the
appropriate box(es).
Thisyear Lastyear
£ £
Independent examiner’s or auditors' fees for reporting on the
accounts
Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
75 75

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Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts (cont) (cont)
Note 7 Paid employees
Please complete this note if the charity has any employees.
7.1 Staff Costs
This year Last year
£ £
Gross wages, salaries and benefits in kind -
-
Employer’s National Insurance costs -
-
Pension costs -
-
Total staff costs -
-
7.2 Average number of full-time equivalent employees in the year Thisyear Lastyear
Number Number
The parts of the charity in which the
employees work
Fundraising - -
Charitable Activities - -
Governance - -
Other - -
Total
-
-
7.3 Defined contributionpension scheme
Please complete if a defined contributionpension scheme is operated.
Brief details of the scheme
This year Last year
£ £
The costs of the scheme to the charity for theyear
The amount of any contributions outstanding at theyear end
The amount of any contributionsprepaid at theyear end

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 8 Grantmaking
Please complete this note if the charity made any grants or donations which in aggregate form a material
part of the charitable activities undertaken.
8.1 Total value of grants
Purpose for whichgrants made Grants to
institutions
Grants to
individuals
Total amount £ Total amount £
-
-
-
-
-
-
-
-
-
-
-
-
Total - -
8.1 Grantmaking costs
If the charity’s accounts are prepared on the “activity basis” please
associated with grantmaking. Please enter “Nil” if the charity does
costs.
give details of any support cost
not identify and/or allocate support
Support costs ofgrantmaking £
8.3 Grants made to institutions
If the charity has made grants to particular institutions that are material in the context of its grantmaking
please give details of the institution supported, purpose of the grant and total paid to each institution
listed. Sufficient information should be given to provide a reasonable understanding of the range of
institutions supported.
Names of institutions Purpose Total amount of
grantspaid £
-
-
-
-
-
-
-
-
-
-
Totalgrants to institutions -
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 8 Grantmaking
Please complete this note if the charity made any grants or donations which in aggregate form a material
part of the charitable activities undertaken.
8.1 Total value of grants
Purpose for whichgrants made Grants to
institutions
Grants to
individuals
Total amount £ Total amount £
-
-
-
-
-
-
-
-
-
-
-
-
Total - -
8.1 Grantmaking costs
If the charity’s accounts are prepared on the “activity basis” please
associated with grantmaking. Please enter “Nil” if the charity does
costs.
give details of any support cost
not identify and/or allocate support
Support costs ofgrantmaking £
8.3 Grants made to institutions
If the charity has made grants to particular institutions that are material in the context of its grantmaking
please give details of the institution supported, purpose of the grant and total paid to each institution
listed. Sufficient information should be given to provide a reasonable understanding of the range of
institutions supported.
Names of institutions Purpose Total amount of
grantspaid £
-
-
-
-
-
-
-
-
-
-
Totalgrants to institutions -

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Section C Notes to the accounts Notes to the accounts Notes to the accounts Notes to the accounts Notes to the accounts (cont)
Note 9 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
9.1 Cost or valuation
Freehold land
& buildings
Other land &
buildings
Plant,
machinery and
motor vehicles

Fixtures,
fittings and
equipment
Payments on
account and
assets under
construction
Total
£ £ £ £ £ £
Balance brought
forward
-
-

-
5,480
-
5,480
Additions -
-

-
1,678
-
1,678
Revaluations -
-

-

-

-

-
Disposals -
-

-

-

-

-
Transfers * -
-

-

-

-

-
Balance carried - - - 7,158
-
7,158
9.2 Accumulated depreciation and impairment provisions
**Basis SL or RB SL or RB SL or RB RB SL or RB
** Rate 20%
Balance brought
forward
-
-

-
1,096
-
1,096
Depreciation charge
for year
-
-

-
1,212
-
1,212

Impairment provisions
-
-

-

-

-

-
Revaluations -
-

-

-

-

-
Disposals -
-

-

-

-

-
Transfers* -
-

-

-

-

-
Balance carried
forward
-
-

-
2,308
-
2,308
9.3 Net book value
Brought forward -
-

-
4,384
-
4,384
Carried forward -
-

-
4,850
-
4,850
9.4 Revaluation
If any fixed assets have been revalued please give details of the valuer and method of valuation
* The"transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB =
reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the
asset(inyears); for reducing balance, what is thepercentage annual deduction.

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Section C Notes to the accounts Section C Notes to the accounts (cont)
Note 10 Investment assets
Please complete this note if the charity has any investment assets.
10.1 Fixed assets investments
£
Carrying (market) value at beginning of year -
Add:additions to investments at cost -
Less:disposals at carrying value -
Add/(deduct):net gain/(loss) on revaluation -
Carrying (market) value at end of year -
Please provide below:
10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row
B03.
10.3 A breakdown of the income from investments agreeing with SOFA row S03.
Analysis of investments 10.2 10.3
Market value at
year end

Income from
investments for
theyear
£ £
Investment properties -
-
Investments listed on a recognised stock exchange or held in common
investment funds, open ended investment companies, unit trusts or other
collective investment schemes
-
-
Investments in subsidiary or connected undertakings and companies -
-
Securities not listed on a recognised Stock Exchange -
-
Cash held as part of the investment portfolio -
-
Other investments -
-
Total -
-
10.4 Material investment holdings
If any single investment is material in terms of its value (for example represents more than 5 per cent of the
value of the charity’s total investments) please provide details.
Investment held
Market Value

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors

Amounts falling due
within oneyear
Amounts falling due after
more than oneyear
This year Last year This year Last year

£

£

£

£
Trade debtors - 70.0 - -
Amounts due from subsidiary and associated
undertakings
- - - -
Other debtors - - - -
Prepayments and accrued income - - - -
Total - 70.0 - -
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.

12.1 Analysis of creditors
Amounts falling due
within oneyear
Amounts falling due after
more than oneyear
This year Last year This year Last year

£

£

£

£
Loans and overdrafts - - - -
Trade creditors 15 1,677 - -
Amounts due to subsidiary and associated
undertakings
- - - -
Other creditors 5,062 5,062 - -
Accruals and deferred income - - - -
Total 5,077 6,739 - -
12.2 Security over assets
If any loan, overdraft or other creditor holds a charge
provide details.
or other security over any assets of the charity please

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Section C Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont)
Note 13 Endowment and restricted income funds
Please complete this section if the charity has any endowment or restricted income funds.
13.1 Funds held
Please give a brief description of any of the following type of funds held by the charity:
permanent endowment funds (PE);
expendable endowment funds (EE); and
restricted income funds, including special trusts, of the charity (R).
Fund Name Type PE, EE
or R

Purpose and Restrictions
13.2 Movements of major funds
Please give details of the movements of the major funds summarised in the restricted and endowment
columns of the Statement of Financial Activities.
Fund names Fund
balances
brought
forward
Incoming
resources
Outgoing
resources
Transfers Gains and
losses
Fund
balances
carried
forward
£ £ £ £ £ £
-
-

-

-

-

-
-
-

-

-

-

-
-
-

-

-

-

-
-
-

-

-

-

-
-
-

-

-

-

-
-
-

-

-

-

-
Total Funds - - - - - -
13.3 Transfers between funds
Please give details of any transfers between funds.
From Fund(Name) To Fund(Name) Reason Amount

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 14 Transactions with related parties
If the charity has any transactions with related parties (other than the trustee expenses explained in note 6)
details of such transactions should be provided in this note. If there are no transactions to report, please
enter “None” in the relevant boxes.
14.1 Remuneration and benefits
Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or
other relatedparties by the charity or any institution or company connected with it.
Name of trustee or connected party Legal authority (eg order,
governing document)
Amounts paid or benefit value
This year Last year

£

£
14.2 Loans
Please give details of and amounts owing to or from the charity’s trustees or other related parties by the
charity at the year end.
Name of trustee or
connected party
Legal authority Amount owing
This year Last year
£ £
Due to trustees and
related parties
Due from trustees
~~and related parties~~
14.3 Other transaction(s) with trustees or related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or
related party has a material interest.
Name of the trustee
or relatedparty
Relationship to
charity
Description of the
transaction(s)
Thisyear Lastyear
£ £

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Section C Notes to the accounts (cont)

Note 15 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

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