**Charity Registration No. 1182154**
## **MAKING IT OUT CIO**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020**
**Encyro E-Sign ID:** 6cef7e9a5c3b4181a3726458bd0b1b88 (2021-Aug-27 16:18:09 UTC)d788b87e739a413a847a871db254dbed (2021-Aug-27 17:44:50 UTC)
## **MAKING IT OUT CIO**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** P Teverson (Chair) H Schofield S Fradley (Appointed 1 April 2021) K Poulton (Appointed 1 April 2021) R Ryan S Murray **Charity number** 1182154 **Principal address** 1-3 Church Road Portslade Brighton BN41 1LB **Independent examiner** Martin Rutherford FCA BFP 77 Dale Crescent Brighton BN1 8NT **Accountants** West & Berry Limited Mocatta House Trafalgar Place Brighton BN1 4DU
## **MAKING IT OUT CIO**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Statement of trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 16|
## **MAKING IT OUT CIO**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
The trustees present their report and financial statements for the year ended 31 October 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity's objects are ;
## **The Advancement of Education**
For the public benefit advance the education of individuals in the South East of England at risk of social exclusion, in particular but not exclusively by a) providing and promoting artistic and vocational training (including design and technology skills), b) providing advice and assistance and c) providing and promoting the use of community based facilities and resources.
## **The Advancement of the Arts, Culture, Heritage or Science**
For the public benefit advance the education and participation of individuals in the South East of England at risk of social exclusion, in art, crafts and design by a) providing access to facilities and b) promoting opportunities to engage in education, training and, public works.
## **Other Charitable Purposes: The rehabilitation of ex-offenders and the prevention of crime**
For the public benefit in the South East of England to assist in the rehabilitation of ex-offenders and the prevention of crime , in particular but not exclusively, by providing educational opportunities and resources.
For the purposes of these clauses ‘ at risk of social exclusion ’ is defined as those potentially excluded from accessing rights, opportunities and resources (including but not limited to education, housing, healthcare) usually available to members of a different group including but not limited to prison and care leavers, individuals experiencing homelessness and mental health difficulties.
## **Objectives and activities**
## **The Advancement of Education**
Making it Out manages training placements for people who have recently left prison or are at risk of ending up there without support. These placements include opportunities to learn new practical, creative skills including woodwork, metalwork and digital design and manufacture. Participants are also encouraged to complete enterprise qualification looking at how to frame their future employment or self-employment. This is an accredited qualification by SFEDI and free for any of our participants.
## **The Advancement of the Arts, Culture, Heritage or Science**
Making It Out manages an art and design studio that provides opportunity and resources to a diverse range of individuals. This includes affordable workspace for local artists/makers, people at risk of committing crime due to circumstance and other groups looked after by local voluntary services. Making it Out also manages art projects that are accessible to the community and focused on encouraging involvement in collaborative projects.
## **Other Charitable Purposes: The rehabilitation of ex-offenders and the prevention of crime**
Making It Out’s primary activity involves working with people leaving prison, and others at risk of ending up there without support. Through supporting these individuals towards successful rehabilitation and divergence from criminal activity the charity has benefited the public through a reduction in crime. This support is framed around engagement in creative making activities that include art, design and manufacture projects.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **MAKING IT OUT CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
## **Achievements and performance**
Making It Out (MiO) has continued to develop it services and grow in the past 12 months, despite the difficulties involved in delivering during the Covid-19 pandemic.
MiO has experienced an increase in referrals from the Probation Service, voluntary organisations and other networks compared to the previous year (by approximately 100%). This reflects the growing reputation MiO is developing in the local community and the quality of the work being produced. The increase in referrals and overall number of participants (as well as their regularity in attendance) has led to MiO employing four new members of staff to manage and support the participants – two of which are ex-participants.
MiO and its participants have worked on a range of projects in this period which varied in size and scope. Examples include designing and making tables and chairs for local charities and shops, designing and making shelving and shop fitting for numerous local ethical supermarkets, as well as one-off artistic commissions (both personal and from organisations).
The skills, experience and confidence gained by participants in producing the work is reflected in the fact that 36% of participants have moved onto full or part time work, 20% have gone onto further educations and 2 participants have completed the Diploma in Business and Enterprise.
To accommodate this growth and success, MiO identified and secured a second workspace. This workspace in a 16 th century barn located approximately 13 miles north west of Brighton and is in conjunction with another local charity ‘One Church’. The workspace has been gifted to MiO for use and work started on making the barn fit for use in October 2020. Obtaining this secondary workspace will allow MiO to increase its offering in terms participants numbers and services. It will also allow the charity to diversify the number of disciplines that we are able to work on and create employment opportunities for local artists and craftspeople.
Linked to the secondary workspace, MiO also purchased a new vehicle to transport participants between sites as well as to locations where work is being produced or delivered. This vehicle was paid for in part through grants (around 75%) and in part through income from product sales (25%).
In response to the COVID-19 pandemic and related lockdown(s), MiO took steps in line with government guidance and closed to participants during April and May 2020. During this time, we maintained contact with participants and facilitated positive activities where possible. From June we were able to open again and the charity adapted responsibly to limit the amount of disruption which allowed the service to participants to continue during a difficult time for the most vulnerable.
## **Financial review**
The statement of financial activities shows an unrestricted surplus for the period of £50,055(2019: £6,140) Unrestricted reserves stand at £58,852 (2019: £8,797).
For the financial year 2019 – 2020 the charity revenue was more heavily tilted towards grant income (approx. 75%) than that of sales of products produced (approx. 25%). This was in part due to the pandemic restrictions delaying projects and also indicative of the number of grants that were received to develop the new workspace.
MiO received a total of £123,601 in grants from a variety of foundations, charities, trust funds and others including; Tudor Trust, Unltd, NatWest, National Lottery, Sussex Community Foundation, Henry Smith, and CHK.
It made approximately £25,930 from the sale of services, products and rental income.
The biggest expenditure was staff wages totalling approximately £48,923.
The charity aims to keep 3 months running costs as unrestricted reserves to ensure there is a buffer should the charity’s financial position become unsustainable.
- 2 -
## **MAKING IT OUT CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The trustees who served during the year and up to the date of signature of the financial statements were: P Teverson (Chair)
H Schofield S Fradley (Appointed 1 April 2021) K Poulton (Appointed 1 April 2021) R Ryan S Murray L Grubb (Appointed 1 November 2019 and resigned 22 May 2020)
Details of method of recruitment and appointment of trustees
The Board strives to recruit individuals who have the knowledge and expertise that contribute positively to the performance of the organization. In the event of required skills being lost through retirement, individuals are approached to offer themselves for election to the Board of Trustees.
The trustees have control of the Charity and its property and funds. The Charity actively seeks to elect Board members to ensure a diverse and representative skill set reflecting the charitable aims and organizational objectives.
New trustees receive an induction to their duties as trustees from an experienced trustee and staff member. Whenever possible they will work alongside the retiring trustee to experience the duties required and to become familiar with the range of work undertaken by the Charity.
The trustees' r eport was approved by the Board of Trustees.
**P Teverson (Chair)** Trustee Dated: 27 August 2021
- 3 -
## **MAKING IT OUT CIO**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 of the incoming resources and application of resources of the charity for that year.
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;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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 sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
- 4 -
## **MAKING IT OUT CIO**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAKING IT OUT CIO**
I report to the trustees on my examination of the financial statements of Making It Out CIO (the charity) for the year ended 31 October 2020.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
Martin Rutherford FCA BFP
77 Dale Crescent Brighton BN1 8NT
Dated: 27 August 2021
- 5 -
## **MAKING IT OUT CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
63,930
60,171
Charitable activities
**4**
25,930
-
Other income
**5**
617
-
**Total income**
90,477
60,171
**Expenditure on:**
Charitable activities
**6**
40,422
48,103
**Net income for the year/**
**Net movement in funds**
50,055
12,068
Fund balances at 1 November 2019
8,797
-
**Fund balances at 31 October 2020**
58,852
12,068|**Total**Unrestricted
funds
**2020**
2019
**£**
**£**
124,101
38,056
25,930
35,918
617
-
150,648
73,974
88,525
67,834
62,123
6,140
8,797
2,657
70,920
8,797|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 6 -
## **MAKING IT OUT CIO**
## **BALANCE SHEET**
## _**AS AT 31 OCTOBER 2020**_
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**14**
**Net assets**
**Income funds**
Restricted funds
**16**
Unrestricted funds|**2020**
**£**
6,641
97,630
104,271
(44,813)|**£**
16,462
59,458
75,920
(5,000)
70,920
12,068
58,852
70,920|**2019**
**£**
4,103
29,801
33,904
(25,107)|**£**
-
8,797
8,797
-
8,797
-
8,797
8,797|
|---|---|---|---|---|
The financial statements were approved by the Trustees on 27 August 2021
P Teverson (Chair) H Schofield **Trustee Trustee**
- 7 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
## **1 Accounting policies**
## **Charity information**
Making It Out CIO is a Charitable Incorporated Organisation.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Support and governance costs are allocated to the charitable activity of the company.
- 8 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 3 years straight line Motor vehicles 5 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 9 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**£**
**£**
Donations and gifts
680
-
Grants and donations
63,250
60,171
63,930
60,171|**Total**Unrestricted
funds
**2020**
2019
**£**
£
680
-
123,421
38,056
124,101
38,056|
|---|---|
- 10 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
## **4 Charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**Income**|**Income**|
||**2020**|**2019**|
||**£**|**£**|
|Sales of services by beneficiaries|19,205|25,418|
|Charitable rental income|6,725|10,500|
||25,930|35,918|
|**Other income**|||
||**Unrestricted**|Total|
||**funds**||
||**2020**|2019|
||**£**|£|
|HMRC Job retention scheme grant|617|-|
## **5 Other income**
- 11 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
## **6 Charitable activities**
||**Charitable**|
**Charitable**|
|---|---|---|
||**Expenditure**|
**Expenditure**|
||**2020**|
**2019**|
||**£**|
**£**|
|Staff costs|48,923|
32,622|
|Depreciation and impairment|2,533|
3,998|
|Workshop costs|735|
753|
|Workshop consumables|9,452|
9,507|
|Workshop small tools and equipment|5,176|
2,366|
|Participants equipment|1,864|
-|
|Participants expenses|1,292|
1,434|
|Training expenses|1,058|
170|
|Travel|1,583|
259|
|Rent|12,650|
12,600|
||85,266|
63,709|
|Share of support costs (see note 7)|3,259|
4,125|
||88,525|
67,834|
|**Analysis by fund**|||
|Unrestricted funds|40,422|
67,834|
|Restricted funds|48,103|
-|
||88,525|
67,834|
- 12 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Computer, IT and
website
125
-
Insurance
1,151
-
Legal & professional
562
-
Print, post, stationery
and other office
568
-
Telephone
491
-
Advertising
101
-
General
261
-
3,259
-
Allocated to
Charitable activities
3,259
-|**2020**
Support
costs
Governance
costs
**£**
£
£
125
459
-
1,151
1,134
-
562
1,782
-
568
202
-
491
71
-
101
173
-
261
304
-
3,259
4,125
-
3,259
4,125
-|2019
£
459
1,134
1,782
202
71
173
304
4,125
4,125|
|---|---|---|
Governance costs includes payments to the examiners of £ Nil (2019- £ Nil ) for examination fees.
## **8 Trustees**
None of the trustees received any remuneration or benefits from the charity during the year.
The family relationship between Helen Schofield and Mark Whaley (CEO) has been declared to and authorised by the Charity Commission.
Lucy Grubb resigned as a Trustee on the 22 May 2020 and was employed by the charity on the 1 June 2020.
## **9 Employees**
The average monthly number of employees during the year was:
||**2020**|**2019**|
|---|---|---|
||**Number**|**Number**|
||4|1|
|**Employment costs**|**2020**|**2019**|
||**£**|**£**|
|Wages and salaries|45,090|29,518|
|Other pension costs|3,833|3,104|
||48,923|32,622|
- 13 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
|**10**
**Tangible fixed assets**
**Fixtures and**
**fittings**
**Motor**
**£**
**Cost**
At 1 November 2019
3,998
Additions
-
At 31 October 2020
3,998
**Depreciation and impairment**
At 1 November 2019
3,998
Depreciation charged in the year
-
At 31 October 2020
3,998
**Carrying amount**
At 31 October 2020
-
**11**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**12**
**Loans and overdrafts**
Bank loans
Other loans
Payable within one year
Payable after one year|**vehicles**
**£**
-
18,995
18,995
-
2,533
2,533
16,462
**2020**
**£**
6,641
**2020**
**£**
5,000
10,000
15,000
10,000
5,000|**Total**
**£**
3,998
18,995
22,993
3,998
2,533
6,531
16,462
**2019**
**£**
4,103
**2019**
**£**
-
10,000
10,000
10,000
-|
|---|---|---|
- 14 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
|**13**
**Creditors: amounts falling due within one year**
**Notes**
Borrowings
Deferred income
**15**
Other creditors
Accruals and deferred income
**14**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**12**
**15**
**Deferred income**
Arising from Grants|**2020**
**£**
10,000
33,306
507
1,000
44,813
**2020**
**£**
5,000
**2020**
**£**
33,306|**2019**
**£**
10,000
13,332
775
1,000
25,107
**2019**
**£**
-
**2019**
**£**
13,332|
|---|---|---|
## **16 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||**Movement**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|
||**in funds**|||||
||**Incoming**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**resources**|**1 November**|**resources**|**expended**|**31 October**|
|||**2019**|||**2020**|
||**£**|**£**|**£**|**£**|**£**|
|Clothworkers Foundation|-|-|10,000|(2,533)|7,467|
|Ernest Kleinwort Charitable Trust|-|-|3,250|(3,250)|-|
|National Lottery COVID Community||||||
|Support Grant|-|-|9,200|(4,599)|4,601|
|Sussex Community Foundation|-|-|833|(833)|-|
|Tudor Trust|-|-|24,168|(24,168)|-|
|UnLtd|-|-|5,000|(5,000)|-|
|Big Lottery Social Enterprises Support||||||
|Fund|-|-|7,470|(7,470)|-|
|Other|-|-|250|(250)|-|
||-|-|60,171|(48,103)|12,068|
- 15 -
## **MAKING IT OUT CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2020**_
## **17 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2020**
**2020**
**£**
**£**
Fund balances at 31 October 2020 are
represented by:
Tangible assets
16,462
-
Current assets/(liabilities)
47,390
12,068
Long term liabilities
(5,000)
-
58,852
12,068|**Total**Unrestricted
funds
**2020**
2019
**£**
£
16,462
-
59,458
8,797
(5,000)
-
70,920
8,797|
|---|---|
## **18 Related party transactions**
Included in creditors is a loan for £10,000 provided by H Schofield, a Trustee of the charity.
- 16 -
**Audit Trail**
## Tamper Verification
To check if this file has been modified after being signed, please go to: https://www.encyro.com/esign/verify Upload the file. The result will indicate if the file contents have been tampered with.
## Signed By
**Signer:** Martin Rutherford (martin.rutherford1@btopenworld.com) **Identity Check:** Email Authentication **Signature Type:** Typed **Time Zone:** UTC+01:00, Europe/London (British Summer Time)
**Signer:** Paul Teverson (paul@makingitout.co.uk)
**Identity Check:** Email Authentication
**Signature Type:** Hand Drawn (finger or stylus on a touch screen or pad) **Time Zone:** UTC+01:00, Europe/London (British Summer Time)
**Signer:** Helen Schofield (helen@makingitout.co.uk) **Identity Check:** Email Authentication
**Signature Type:** Mouse or hand drawn
**Time Zone:** UTC+01:00, Europe/London (British Summer Time)
## Event Log
**Aug 26, 2021, 10:49 PM -** Email notification sent to Martin Rutherford (martin.rutherford1@btopenworld.com). **Aug 26, 2021, 10:49 PM -** Email notification delivered to Martin Rutherford (martin.rutherford1@btopenworld.com). **Aug 26, 2021, 10:49 PM -** Email notification sent to Paul Teverson (paul@makingitout.co.uk).
**Aug 26, 2021, 10:49 PM -** Email notification sent to Helen Schofield (helen@makingitout.co.uk).
**Aug 26, 2021, 10:49 PM -** Email notification delivered to Paul Teverson (paul@makingitout.co.uk).
**Aug 26, 2021, 10:49 PM -** Email notification delivered to Helen Schofield (helen@makingitout.co.uk).
**Aug 26, 2021, 10:50 PM -** Helen Schofield (helen@makingitout.co.uk) opened the email notification (estimated).
**Aug 27, 2021, 6:48 AM -** Martin Rutherford (martin.rutherford1@btopenworld.com) opened the email notification (estimated).
- **Aug 27, 2021, 9:27 AM -** Paul Teverson (paul@makingitout.co.uk) electronically signed or completed the document, from 2.25.142.103.
- **Aug 27, 2021, 1:10 PM -** Helen Schofield (helen@makingitout.co.uk) electronically signed or completed the document, from 82.18.250.239.
- **Aug 27, 2021, 5:18 PM -** Martin Rutherford (martin.rutherford1@btopenworld.com) electronically signed or completed the document, from 85.255.234.36.
END OF LOG
## **Audit Trail**
## Tamper Verification
To check if this file has been modified after being signed, please go to: https://www.encyro.com/esign/verify
Upload the file. The result will indicate if the file contents have been tampered with.
## Signed By
**Signer:** Paul Teverson (paul@makingitout.co.uk) **Identity Check:** Email Authentication **Signature Type:** Mouse or hand drawn
**Time Zone:** UTC+01:00, Europe/London (British Summer Time)
## Event Log
**Aug 27, 2021, 5:40 PM -** Email notification sent to Paul Teverson (paul@makingitout.co.uk). **Aug 27, 2021, 5:40 PM -** Email notification delivered to Paul Teverson (paul@makingitout.co.uk). **Aug 27, 2021, 6:44 PM -** Paul Teverson (paul@makingitout.co.uk) electronically signed or completed the document, from 2.25.142.103.
END OF LOG