2021-03-31-accounts - Soul Foundation

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		Page	Page
Report ofthe Trustees	1	to	3
Report ofthe Independent Auditors	4	io	6
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement		10
Notes tothe Financial Statements	11	to	17
Detailed Statement ofFinancial Activities	18	to	19

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	8		6	5
FIXEDASSETS
Tangible assets	9	13,116	5,022	18,138	14,935
CURRENT ASSETS
Stocks	10	42,514		42,514
Debtors Cash at bank and in hand	11	31,245 80,893	(5,148) 584,481	26,097 665,374	9,056 ~23 235
		154,652	579,333	733,985	32,291
CREDITORS
Amounts falling due within one year	12	(75,957)	(2,652)	(78,609)	(1,776)
NET CURRENT ASSETS		78,695	576,681	655,376	30,515
TOTAL ASSETS LESSCURRENT
LIABILITIES		91,811	581,703	673,514	45,450
NETASSETS		91,811	581,703	673,514	45,450
FUNDS	13
Unrestricted funds				91,811	42,377
Restricted funds				581,703	3,073
TOTAL FUNDS				673,514	45,450

	for	the year ended	31March 2021
		Notes	2021 6	2020 f
Cash flows from operating activities
Cash generated from operations		1	652,971	33,024
Net cash provided by operating activities			652,971	33,024
Cash flows from investing activities
Purchase oftangible fixed	assets		(10,845)	(17,139)
				(6,203)
Interest received			14
Net cash used in investing	activities		~10,831)	~23,342)
Change in cash and cash	equivalents
in the reporting period			642,140	9,682
Cash and cash equivalents	at the
beginning ofthe reporting	period		23,235	13,553
Cash and cash equivalents	at the end
ofthe reporting period			665,374	~23 235

		NOTES TO THE CASH FLOW STA for the year ended 31 March 2	NOTES TO THE CASH FLOW STA for the year ended 31 March 2	NOTES TO THE CASH FLOW STA for the year ended 31 March 2	TEMEN 021	T	T
1.	RECONCILIATION	OF NET INCOME TO NET CASH FLOW			FROM	OPERATING ACTIVITIES 2021 2020
						f
	Net income for the reporting Financial Activities)			period (as per the Statement	of	626,064	45,450
	Adjustments for: Depreciation charges Interest received Increase in stocks Increase in debtors					7,643 (14) (42,514) (17,041)	2,204 (9,056)
	Increase/(decrease)	in creditors
	Net cash provided	by operations				~652 971	33,024
2.	ANALYSIS OF CHANGES		IN NET FUNDS
				At	1.4.20	Cash flow f	At31.3.21 f
	Net cash Cash at bank and in	hand			23,235	642,139	~665 374
					23,235	642,139	665,374
	Total				23,235	642,139	665,374

		NOTES TO THE FINANCIAL STATEMEN for the year ended 31 March	NOTES TO THE FINANCIAL STATEMEN for the year ended 31 March	TS - contin 2021	ued
9.	TANGIBLE	FIXEDASSETS
				Fixtures
				and	Motor
				fittings f	vehicles 8	Totals
	COST
	At 1 April 2020			2,646	14,493	17,139
	Additions			10,845		10,845
	At 31 March	2021		13,491	14,493	27,984
	DEPRECIATION
	At 1 April 2020			202	2,002	2,204
	Charge for year			1,910	5,732	7,642
	At 31 March	2021		2,112		9,846
	NET BOOK VALUE
	At 31 March	2021		11,379	6,759	18138
	At 31 March 2020			~2444	12,491	14,935
10.	STOCKS
					2021	2020
					f
	Finished goods				42,514
11.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021	2020
					6	5
	Other debtors				24	100
	Amounts owed from Soul		Church			8,248
	Prepayments	and accrued income			26,073	708
					26,097	9,056
12.	CREDITORS:	AIIIOUNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
					f
	Trade creditors				9,568	1,776
	Other creditors				69,041
					78,609	1,776

MOVEMENT IN FU	ND	S
					Net	Transfers
					movement	between	At
				At 1.4.20 f	in funds	funds f	31.3.21 f
Unrestricted funds
General fund				42,377	49,434		91,811
Restricted funds
Love In Action Restricted			Fund	2,625			2,625
Fixed Assets Fund Food Restricted Fund				1,675 (1,227)	(3,903) 366,313	10,845 (10,845)	8,617 354,241
Love Your Neighbour	Restricted				215,720		215,720
Misc Restricted Fund					500		500
				3,073	578,630		~581 703
TOTAL FUNDS				45,450	628,064		673,514
Net movement in funds,		included		in the above are as follows:
					Incoming	Resources	Movement
					resources f	expended f	in funds f
Unrestricted funds
General fund					75,467	(26,033)	49,434
Restricted funds
Fixed Assets Fund Food Restricted Fund					596,052	(3,903) (229,739)	(3,903) 366,313
Love Your Neighbour Misc Restricted Fund	Restricted				534,200 10840	(318,480) ~10348)	215,720 500
					1 1~1.100	~562 ~702	578 680
TOTAL FUNDS				~1216,567		~588503)	628064

					DETAIL	ED STATEMENT OF FINANCIAL ACTIV	ITIES
						for the year ended 31March 2621
							2021	2020
							6	6
INCOME AND	ENDOWMENTS
Donations and		legacies
Grants							984,970	29,546
Donations							75,527	19,663
Gilt aid Donated services and facilities							17,883 ~138173	500 ~14493
							1,216,553	64,202
Other trading	activities
Fundraising events								1,011
Investment income
Deposit account		interest					14
Total incoming		resources					1,216,567	65,213
EXPENDITURE
Raising donations			and	legacies
Sundnes
Charitable activities
Equipment hire							55,954	1,197
Insurance							2,542
Postage, printing		and stationery					1,107
Advertising							5,665
Misc Expenses							33,095
Food purchases							254,051	5,175
Miscellaneous charitable				costs			14,136	573
Vehicle and travel		costs					29,148	239
Repairs and renewals							25,711	3,565
Fundraising costs								150
General activities,		outgoings			and non	food
items							20,076
Depreciation								202
Motor vehides							7,643	2,002
							449,128	13,103
Support costs
Management
Clothing							3,484	125
Rent ofpremises							32,607
Light and heat							6,600
Telephone							1,074
							43,765	125
Finance
Bank charges							685	20
Canted forward							685	20

	DETAILED STATEMENT O for the year ended	F FINANCIAL ACTIVITIES 31March 2021
		2021	2020
		5	5
Finance
Brought forward		665	20
Contractors		53,023	6,159
Management	charge	37632
		91,340	6,179
Other
Subsistence	and welfare	3,360
Governance	costs
Accountancy	and legal fees	910
Totalresources	expended	000,503	10763
Net income		628004	45450