Trustees’ Annual Report for the period
From 30 September 2019 Period start date To 31 December 2020 Period end date
Charity name: Bassuah Legacy Foundation
Charity registration number: 1185562
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | ‘To relieve the needs of, and promote social inclusion among, single parents and their children, who are socially and economically deprived, within the London area, through the provision of: a) Education, support and advice in all areas relating to single parenthood. b) Facilities in the interests of social welfare for recreation or other leisure time occupation with the object of improving their conditions of life.’ |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
1. Raising awareness of single parenting 2. Promoting Health and Wellbeing 3. Empowerment through advocacy and skill development 4. Celebrating and Motivating to remove stigma 5. Promoting Social Inclusion 6. Provision of access to clean water 7. Education – Basic Education and Adult Education Programmes 8. Employment Support |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Trustees have read guidance by the Charity Commission on public benefit. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In UK: HEALTH AND WELLBEING PROGRAMME LAUNCHED HEALTH AND WELLBEING PROGRAMME FUNDED BY W12 TOGETHER HEALTH AND WELLBEING PROGRAMME FUNDED BY UNITED IN HAMMERSMITH AND FULHAM – ORGANISING WEEKLY YOGA AND FITNESS CLASSES SET UP COMMUNITY ENTERPRISE DESIGN VOLUNTEER TRAINING PROGRAMME In Ghana: COVID-19 Relief Programme ● Social Intervention Water Project ● Successful drilling of borehole on second attempt to provide access to free clean water for local |
| community in one of the towns | |
|---|---|
| within the capital of Ghana. | |
| Social Inclusion Programme | |
| ACE Events | |
| • | Acknowledging,Celebrating, |
| Empowering single parents and | |
| their dependant in hard times | |
| brought by COVID-19 Pandemic | |
| • | Celebration – Women’s Day And |
| Mother’s Day with gifts | |
| presentations and recreational | |
| activities. | |
| Education Programme | |
| • | Adult Education – Basic English |
| LanguageTraining in Literacy, | |
| Numeracy. | |
| • | Education on essential |
| employability skills | |
| • | Skill Acquisition |
| • | Trading Skill Development |
| • | Engaging with old traders |
| • | Drawing on previous experiences to |
| make improvements | |
| Health and Wellbeing | |
| • | Health walks twice each month |
| • | Participation by local members |
| in the London organized Yoga | |
| classes. | |
| • | Joining zoom sessions for Yoga |
| and Bhangra classes |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of theperiod |
Para 1.21 | See attached financial statement |
| Statement explaining the policy for holding reserves statingwhytheyare held |
Para 1.22 | See attached financial statement |
| Amount of reserves held | Para 1.22 | See attached financial statement |
| Reasons for holding zero reserves |
Para 1.22 | See attached financial statement |
| Details of fund materially in deficit |
Para 1.24 | See attached financial statement |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | See attached financial statement |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other | ||
Structure, Governance and Management
| Description of charity’s trusts: |
Trustees | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution of a Charitable Incorporated Organisation whose only voting members are its charity trustees |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Constitution of a Charitable Incorporated Organisation (CIO) |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees must be appointed by a resolution passed at a properly convened meeting of the charity trustees. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | BASSUAH LEGACY FOUNDATION |
|---|---|
| Other name the charityuses | |
| Registered charitynumber | 1185562 |
Charity’s principal address 90 Goldhawk Road, Shepherds Bush, London, W12 8HD
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|
| Finbarr Bassuah | |||
| Isaac Sarbah | |||
| Philippa Gittens | |||
| Philip Obeng | |||
| Natasha Kataria | |||
| Fidelis Bassuah | |||
Corporate trustees – names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional) Names and addresses of advisers (Optional information)
| Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
|---|---|---|---|
| Type of adviser Name Address |
|||
| Name of chief executive or names of senior staff members (Optional information) | |||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees Signature(s) Full name(s) FINBARR BASSUAH Position (eg CHAIR Secretary, Chair, etc) Date 08/10/2021
BASSUAH LEGACY FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020 REGISTERED CHARITY (CIO) NO: 1185562
REGISTERED CHARITY ADDRESS BASSUAH LEGACY FOUNDATION 90 Goldhawk Road, Shepherds Bush, London, W12 8HD
1
| BASSUAH LEGACY FOUNDATION | |
|---|---|
| REGISTERED CHARITY (CIO) NO 1185562 | |
| FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 31st DECEMBER 2020 | |
| Page | |
| CONTENTS | 2 |
| Charity Information | 3 |
| Report of Directors/Trustees | 4-6 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 |
| Detailed Income and Expenditure | 11 |
2
BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2020
ADMINISTRATIVE / LEGAL INFORMATION
DIRECTORS/TRUSTEES Natasha Kataria….........Treasurer Fidelis Bassuah………...Trustee Finbarr Bassuah.......... Trustee Isaac Sarbah.................Trustee Philippa Gittens............Trustee Philip Obeng.................Trustee REGISTERED OFFICE BASSUAH LEGACY FOUNDATION 90 Goldhawk Road, Shepherds Bush, London, W12 8HD BANKERS Metro Bank One Southampton Row LONDON WC1B 5HA INDEPENDENT EXAMINER London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6JL
3
BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2020
The Directors/Trustees present their Annual Report and Financial Statement for the year ending 31 December 2020.
AIMS AND OBJECTIVES
To relieve the needs of, and promote social inclusion among, single parents and their children. Who are socially and economically deprived, within the London area, through the provision of:
A) Education, support and advice in all areas relating to single parenthood.
B) Facilities in the interests of social welfare for recreation or other leisure time and employment with the object of improving their conditions of life.
TRUSTEES REPORT
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service.
(See separate Trustees’ Report)
4
BASSUAH LEGACY FOUNDATION MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
The results of the year’s operation are set out in the attached financial statements. The net movement in funds for the year amounted to £14,990. The retained reserves at 31st December 2020 amounted to £14,990.
RESERVE POLICY
The Charity Commission requires charities to determine and explain their policy for free reserves. The trustees have reviewed the organisation’s free reserves policy and have turned its entire unrestricted fund into an emergency reserve to enable Bassuah Legacy Foundation to meet its obligations in the event of a shortfall in income or sudden upturn in expenditure.
RISK MANAGEMENT
The trustees have examined the major risks which Bassuah Legacy Foundation faces and believe that maintaining their free reserves at a reasonable level, combined with their annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
TANGIBLE FIXED ASSETS
The organisation has no fixed assets
FUNDS AVAILABLE
The present level of funding is adequate to support the continuation of the charity operations for the medium term, and the trustees consider the financial position of the charity to be satisfactory.
VOLUNTEERS
BASSUAH LEGACY FOUNDATION recognises the significant contributions made by the volunteers.
5
BASSUAH LEGACY FOUNDATION STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees are required to prepare financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing these financial statements, the management committee are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation.
The Trustees are responsible for keeping proper records which disclose at any time the financial position of the project. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
6
BASSUAH LEGACY FOUNDATION INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BASSUAH LEGACY FOUNDATION
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Independent examiner’s report
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination. (other than that disclosed below) which gives me cause to believe that in any material respect:
-
The accounting records were not kept in accordance with the section 130 of the Charities Act; or
-
The accounts did not accord with the accounting records; or
-
The accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account give a ‘true and fair’ which is not a matter a matter considered as part of the independent examination.
I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of this account to be reached.
Signed………………………………………………..Date:……………………… A Adebambo, MBA, ACMA, CGMA, ACG, London Accountancy Practice. Sojourner Truth Centre 161 Sumner Road London SE15 6JL
7
BASSUAH LEGACY FOUNDATION (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestricted Restricted 2020 Fundl£) Fundl£) Totall£l 26,843 26,843 707 27,550 INCOMING RESOURCES Voluntary Income & Donab'ons Sales Revenue Total Incoming Resources 707 707 26,843 RESOURCES EXPENDED 511 12,049 12,560 Direct chantab Costs 511 12,049 12,560 Net Incomiro Resources 14,794 14,990 Balance Brought Forward BalarKe Carried Forwaid 196 14,794 14,990
BASSUAH LEGACY FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2020 CURRENT ASSET 2020 Cash at Bank 25,222 CURRENT UABILITIES Creditors a Accruals 10.232 14,990 FINANCED BY FUNDS. Unrestnded FurKI Resthcted Fund 196 14,794 14,990 8th October Approved by the Board of Trustees on..................................2021 and signed on its behalf by ..Trustee FINBARR BASSUAH Trustee NATASHA KATARIA
BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
1.1 Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and include the results of the charity’s operations which are described in the Management Committee’s Report and all of which are continuing.
The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts.
The charity has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity
1.2
Incoming Resources
-
1.2.1 Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period.
-
1.2.2 Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities.
1.3 Restricted Funds
- Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.
1.4 Unrestricted Funds
- Unrestricted funds are donations and other incomes received or generated for the objects of the organisation without further specified purpose and are available for general funds.
1.5 Designated Funds
Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
1.6 Tangible Fixed Assets
All expenditure that related to equipment has been charged to the Statement of Financial Activities in the year of acquisition. A register of assets is maintained.
10
2020 £
2 . CREDITORS £ Accountancy Fee 250
11
BASSUAH LEGACY FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020 REGISTERED CHARITY (CIO) NO: 1185562
REGISTERED CHARITY ADDRESS BASSUAH LEGACY FOUNDATION 90 Goldhawk Road, Shepherds Bush, London, W12 8HD
1
| BASSUAH LEGACY FOUNDATION | |
|---|---|
| REGISTERED CHARITY (CIO) NO 1185562 | |
| FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 31st DECEMBER 2020 | |
| Page | |
| CONTENTS | 2 |
| Charity Information | 3 |
| Report of Directors/Trustees | 4-6 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 |
| Detailed Income and Expenditure | 11 |
2
BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2020
ADMINISTRATIVE / LEGAL INFORMATION
DIRECTORS/TRUSTEES Natasha Kataria….........Treasurer Fidelis Bassuah………...Trustee Finbarr Bassuah.......... Trustee Isaac Sarbah.................Trustee Philippa Gittens............Trustee Philip Obeng.................Trustee REGISTERED OFFICE BASSUAH LEGACY FOUNDATION 90 Goldhawk Road, Shepherds Bush, London, W12 8HD BANKERS Metro Bank One Southampton Row LONDON WC1B 5HA INDEPENDENT EXAMINER London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6JL
3
BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2020
The Directors/Trustees present their Annual Report and Financial Statement for the year ending 31 December 2020.
AIMS AND OBJECTIVES
To relieve the needs of, and promote social inclusion among, single parents and their children. Who are socially and economically deprived, within the London area, through the provision of:
A) Education, support and advice in all areas relating to single parenthood.
B) Facilities in the interests of social welfare for recreation or other leisure time and employment with the object of improving their conditions of life.
TRUSTEES REPORT
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service.
(See separate Trustees’ Report)
4
BASSUAH LEGACY FOUNDATION MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
The results of the year’s operation are set out in the attached financial statements. The net movement in funds for the year amounted to £14,990. The retained reserves at 31st December 2020 amounted to £14,990.
RESERVE POLICY
The Charity Commission requires charities to determine and explain their policy for free reserves. The trustees have reviewed the organisation’s free reserves policy and have turned its entire unrestricted fund into an emergency reserve to enable Bassuah Legacy Foundation to meet its obligations in the event of a shortfall in income or sudden upturn in expenditure.
RISK MANAGEMENT
The trustees have examined the major risks which Bassuah Legacy Foundation faces and believe that maintaining their free reserves at a reasonable level, combined with their annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
TANGIBLE FIXED ASSETS
The organisation has no fixed assets
FUNDS AVAILABLE
The present level of funding is adequate to support the continuation of the charity operations for the medium term, and the trustees consider the financial position of the charity to be satisfactory.
VOLUNTEERS
BASSUAH LEGACY FOUNDATION recognises the significant contributions made by the volunteers.
5
BASSUAH LEGACY FOUNDATION STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees are required to prepare financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing these financial statements, the management committee are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation.
The Trustees are responsible for keeping proper records which disclose at any time the financial position of the project. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
6
BASSUAH LEGACY FOUNDATION INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BASSUAH LEGACY FOUNDATION
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Independent examiner’s report
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination. (other than that disclosed below) which gives me cause to believe that in any material respect:
-
The accounting records were not kept in accordance with the section 130 of the Charities Act; or
-
The accounts did not accord with the accounting records; or
-
The accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account give a ‘true and fair’ which is not a matter a matter considered as part of the independent examination.
I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of this account to be reached.
Signed………………………………………………..Date:……………………… A Adebambo, MBA, ACMA, CGMA, ACG, London Accountancy Practice. Sojourner Truth Centre 161 Sumner Road London SE15 6JL
7
BASSUAH LEGACY FOUNDATION (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestricted Restricted 2020 Fundl£) Fundl£) Totall£l 26,843 26,843 707 27,550 INCOMING RESOURCES Voluntary Income & Donab'ons Sales Revenue Total Incoming Resources 707 707 26,843 RESOURCES EXPENDED 511 12,049 12,560 Direct chantab Costs 511 12,049 12,560 Net Incomiro Resources 14,794 14,990 Balance Brought Forward BalarKe Carried Forwaid 196 14,794 14,990
BASSUAH LEGACY FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2020 CURRENT ASSET 2020 Cash at Bank 25,222 CURRENT UABILITIES Creditors a Accruals 10.232 14,990 FINANCED BY FUNDS. Unrestnded FurKI Resthcted Fund 196 14,794 14,990 8th October Approved by the Board of Trustees on..................................2021 and signed on its behalf by ..Trustee FINBARR BASSUAH Trustee NATASHA KATARIA
BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
1.1 Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and include the results of the charity’s operations which are described in the Management Committee’s Report and all of which are continuing.
The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts.
The charity has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity
1.2
Incoming Resources
-
1.2.1 Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period.
-
1.2.2 Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities.
1.3 Restricted Funds
- Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.
1.4 Unrestricted Funds
- Unrestricted funds are donations and other incomes received or generated for the objects of the organisation without further specified purpose and are available for general funds.
1.5 Designated Funds
Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
1.6 Tangible Fixed Assets
All expenditure that related to equipment has been charged to the Statement of Financial Activities in the year of acquisition. A register of assets is maintained.
10
2020 £
2 . CREDITORS £ Accountancy Fee 250
11