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2021-02-28-accounts

Charity number: 1188070

MY SISTERS' HOUSE CIO

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2021

MY SISTERS' HOUSE CIO

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 8
Independent examiner's report 9 - 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 - 22

MY SISTERS' HOUSE CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2021

Trustees D Smith (appointed 20 February 2020)
G Austin-Hogg (appointed 20 February 2020)
S Collier (appointed 20 February 2020)
J Hooton (appointed 26 May 2021)
S Beeby (appointed 28 July 2021)
H Prescott (appointed 26 May 2021)
Charity registered
number
1188070
Principal office
108bc London Road
Bognor Regis
PO21 1BD
Accountants
MHA MacIntyre Hudson
Chartered Accountants
Moorgate House
201 Silbury Boulevard
Milton Keynes
Buckinghamshire
MK9 1LZ

Page 1

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT FOR THE YEAR ENDED 28 FEBRUARY 2021

The trustees, present their report and the unaudited financial statements for the year ended 28 February 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the “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)” (as amended for accounting periods commencing from 1 January 2019) and the Charities Act 2011.

Structure, Governance and Management

On 1st March 2020, My Sisters’ House converted from a CIC (Community Interest Company) to a CIO (Charitable Incorporated Organisation). We adopted our memorandum and articles of association as My Sisters’ House CIO on this date.

The existing Directors of My Sisters’ House CIC became the Trustees of My Sisters House CIO with the exception of Julie Budge who, as a paid member of staff of the CIC, could not become a Trustee to comply with Charity Commission law (that paid CEO’s could not also be a Trustee). We felt that Julie’s role as CEO rather than a Trustee, would be the most beneficial for the Charity.

During the year the Trustees carried out an audit to identify any skill gaps on the Board. We identified gaps in HR, legal and IT. We have an experienced Chair who is also a Trustee of other charities and has vast Chair experience. We have a Trustee who has a wealth of experience in services to women and a Trustee who is a qualified accountant. We identified gaps in HR, legal and IT. We felt that the support we get from our external IT consultant was sufficient, however, we are still seeking Trustees with skills in HR and legal. Our trustee recruitment process is a three part process: firstly we would welcome a CV from an interested party, we would then invite them for discussions with both our CEO and Chair of Trustees. Thirdly, we would invite them to attend one of our board meetings. Following the board meeting, existing Trustees would discuss their suitability before welcoming them to join the Board.

The Board of Trustees has delegated the day to day managing and supervision of the Charity’s resources to the CEO. The CEO carries out this function successfully with the support of her two team service leads and back office staff. As the report below on achievements and performance show, the Charity and its staff are at full capacity.

Financial Review

The Charity are currently holding unrestricted funds at the year end totalling £192,512.

This is higher than we would expect to hold in unrestricted reserves (which we would expect to be around three months of running costs - currently in the region of £125,000).

We received a donation of £100,000 from Marks and Spencer’s towards the end of the financial year, as Dame Julie Walters, our patron donated her voice-over fees for a Christmas advert. The Board, along with the CEO have made the decision to ring fence £50,000 to open a second drop-in centre in the Chichester area. This is a key part of our growth strategy and integral to supporting our clients - both current and future. The funds will allow us to fund the second centre for two years whilst we secure further funds to continue its operation. In years to come. We hope to secure the second premises in the first half of the financial year ending February 2022.

Restricted funding for some of the job roles has now come to an end, however the requirement for the posts have not. In fact, the roles are more important than ever as demand for our services have increased. Whilst we hope that funding can be obtained to secure these roles into the future, the Board recognise that a break in client services whilst seeking funding would be detrimental to the charities objectives. The Board have therefore agreed that £116,000 can be used to cover the cost of these roles and the increased demand on our services.

Holding unrestricted funds allows the Board to be risk averse as it allows us to make long term decisions (such

Page 2

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021

as around staff recruitment and premises), without the need for a break in client services whilst further funding is obtained.

Objectives and Activities

Our Vision

That no woman within our community should experience abuse, poverty, mental health or other disadvantages without the support that will help them to live healthy lives and realise their full potential.

Our Mission

“Helping women to thrive, not just survive.”

To provide a range of support to women from all backgrounds facing all kinds of issues, where their strengths are recognised, their difficulties acknowledged and where they can achieve positive change they are proud of.

Our Objectives

We support vulnerable women who experience multiple disadvantage due to a combination of complex and overlapping problems including histories of physical, emotional and sexual abuse, drug and alcohol addiction, trauma, and mental health problems.

We support women who may be having a difficult time in their lives – a recent loss such as bereavement, suffering poverty from unemployment, relationship breakdown, are the victim of crime, or living with the impact of accident or illness/disability.

We support women with complex needs who may lead chaotic lives, and ‘move from one crisis to another.’ They often lack social confidence, have low self-worth, and feel isolated and outcast from society. This frequently means that they are unable or unwilling to sustain engagement with mainstream support agencies.

We work to reduce the factors which affect the ability of women to benefit from the support available to them. This can include an unwillingness to seek help, distrust of helping organisations, perceptions of services as irrelevant, and feelings of hopelessness or ‘not being ready.’

WHAT DO WE DO?

We offer the support of specialist staff with knowledge and experience in the fields of domestic abuse, employment support and training, and benefit applications and other financial appeals.

We help by providing one-to-one keyworking, peer groups, courses in building confidence and skills, and dealing with anxiety, and we offer counselling to those who need it.

We run a course for mothers and children to help them recognise and overcome the lasting effects of domestic abuse.

We give out foodbank vouchers, clothing vouchers and bags of toiletries.

Our varied programme of activities and events provides a vital sense of safety and community, which in turn, improves women’s confidence, wellbeing and ability to feel empowered to effect real change.

During the lockdowns and other restrictions of the previous year, we have continued to provide almost all of our services by utilising Zoom, phone, web chat, and offering face-to-face appointments when permitted.

Open 30+ hours per week including evenings and weekends.

Page 3

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021

All services are free to clients

GENERAL SERVICES: advice, support, training and workshops for all women

STEP FORWARD: increasing women’s employability with mentoring and support

To date, 109 women have completed their programme of work with us, 26 of whom have moved into employment and 10 into education, and we continue to support 34 women currently. Many of the women who seek our support are those who are furthest from the job market, having experienced extended periods of unemployment, low levels of educational attainment, and low levels of basic skills.

Page 4

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021

Achievements and performance

Page 5

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021

The past 12 months:

We have seen a massive rise in both volume of self-referrals and complexity of need, resulting in greater time spent with each client, whilst juggling with unprecedented times.

During this last year we have had many challenges but have continued throughout to provide a service offer. This includes launching a very successful ‘Live Chat’ provision of 28hrs a week including 5 evenings and Saturday morning. We have made literally hundreds of weekly welfare calls. During periods of national lockdown we also transitioned all our peer support groups into Zoom meetings, as well as providing emergency collection of toiletries, hygiene products and food / clothing vouchers.

In November 2020 we made the hard decision to not take any new key working clients and open a waiting list. We also stopped taking external referrals. To do this we had to provide a more rigorous triage system to ensure risk assessments were made, and we refer women who are high risk to the appropriate agencies. We did this because all our staff were at overwhelm with the dramatic rise in women approaching us for help. 157hrs of domestic abuse workers pw were between them looking after 223 women. This is more than the recommended caseload (which is 1hr = 1 case), similarly the non-domestic abuse but women with multiple issues; 128.5hr pw supporting 135 women.

In March this year the number of women accessing the service reached 100. That is 3 x the number in previous years for the same month.

Page 6

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021

Page 7

MY SISTERS' HOUSE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021

Approved by order of the members of the board of Trustees on _______ and signed on their behalf by:

D Smith Trustee

Page 8

MY SISTERS' HOUSE CIO

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 28 FEBRUARY 2021

Independent examiner's report to the Trustees of My Sisters' House CIO ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 28 February 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 accounts do not accord with those records; or

  3. the accounts 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 accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Page 9

MY SISTERS' HOUSE CIO

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021

Signed: Dated: Elizabeth Newell BA (Hons) FCA MHA MacIntyre Hudson Chartered Accountants Moorgate House 201 Silbury Boulevard Milton Keynes MK9 1LZ

Page 10

MY SISTERS' HOUSE CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
219
397,309
397,528
-
322,008
322,008
75,520
46,978
122,498
122,498
122,498		 Unrestricted
funds
2021
£
122,921
6,652
129,573
2,290
15,571
17,861
111,712
80,126
191,838
191,838
191,838		 Total
funds
2021
£
123,140
403,961
527,101
2,290
337,579
339,869
187,232
127,104
314,336
314,336
314,336

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 13 to 22 form part of these financial statements.

Page 11

MY SISTERS' HOUSE CIO

BALANCE SHEET AS AT 28 FEBRUARY 2021

28 February 28 February
2021
Note £
Fixed assets
Tangible assets 8 11,641
11,641
Current assets
Debtors 9 1,470
Cash at bank and in hand 321,941
323,411
Creditors: amounts falling due within one year 10 (20,716)
Net current assets 302,695
Total assets less current liabilities 314,336
Net assets excluding pension asset 314,336
Total net assets 314,336
Charity funds
Restricted funds 12 122,498
Unrestricted funds 12 191,838
Total funds 314,336
The
financial		 statements were approved and authorised for issue by
the		 Trustees
on
_______and signed on their behalf by:

D Smith

Trustee

The notes on pages 13 to 22 form part of these financial statements.

Page 12

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

1. General information

My Sisters' House CIO is a charitable incorporated organisation.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

My Sisters' House CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 13

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

2. Accounting policies (continued)

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings - 20% straight line

2.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.6 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 14

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

2. Accounting policies (continued)

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Restricted Unrestricted Total
funds funds funds
2021 2021 2021
£ £ £
Donations 219 122,921 123,140

Page 15

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

4. Income from charitable activities

Income from charitable activities - Trading
Income from charitable activities -Grants
Income from charitable activities - Direct costs - Activity 2		 Restricted
funds
2021
£
-
397,309
397,309		 Unrestricted
funds
2021
£
1,304
5,348
6,652
Restricted
funds
2020
£
341,860		 Total
funds
2021
£
1,304
402,657
403,961
Total
funds
2020
£
341,860

5. Analysis of expenditure by activities

Activities
undertaken Total
directly funds
2021 2021
£ £
Direct costs 337,579 337,579

Page 16

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

5. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Staff training
Staff/Volunteer Welfare
Rent
Light and heat
Equipment
IT costs
Travel costs
Legal fees
Consulting fees
Accountancy fees
Advertising, marketing and website
Telephone and internet
Subscriptions
Postage
Printing and stationery
Facilitor and client welfare costs
Cleaning
General expenses		 Direct costs
2021
£
270,133
1,902
2,159
703
16,717
1,559
776
10,390
180
2,745
2,640
3,574
3,083
4,936
35
20
842
7,895
2,137
5,153
337,579		 Total
funds
2021
£
270,133
1,902
2,159
703
16,717
1,559
776
10,390
180
2,745
2,640
3,574
3,083
4,936
35
20
842
7,895
2,137
5,153
337,579

6. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
253,100
12,823
4,210
270,133

Page 17

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

6. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

2021
No.
Employees 16

No employee received remuneration amounting to more than £60,000 in either year.

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 28 February 2021, no Trustee expenses have been incurred (2020 - £NIL) .

Page 18

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

8. Tangible fixed assets

Cost or valuation
Additions
Disposals
At 28 February 2021
Depreciation
Charge for the year
On disposals
At 28 February 2021
Net book value
At 28 February 2021
9.
Debtors
Due within one year
Other debtors
Prepayments and accrued income		 Fixtures and
fittings
£
13,838
(399)
13,439
1,902
(104)
1,798
11,641
28 February
2021
£
1,235
235
1,470		 Fixtures and
fittings
£
13,838
(399)
13,439
1,902
(104)
1,798
11,641
28 February
2021
£
1,235
235
1,470
1,470

Page 19

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

10. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income		 28 February
2021
£
4,432
5,501
10,783
20,716

11. Financial instruments

28 February
2021
£
Financial assets
Financial assets measured at fair value through income and expenditure 321,941

Page 20

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

12. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Funds - other
Aspire
DART
Sussex Police and Crime Commissioner
Ministry of Justice Covid Fund
London Learning Consortium
People's Postcode Lottery
Sussex Community Foundation (Tampon
Tax)
Sussex Community Foundation (Covid
Emergency Fund)
Sussex Community Foundation (Winter
Covid Fund)
Sussex Health and Social Care Partnership
National Lottery Community Fund
NLCF Covid Emergency Fund
CAF Covid Emergency Fund
Greggs Foundation
Hyde Group
Tesco Covid Fund
Sussex Masonic Charitable Foundation
Localgiving Magic Little Grants
Police Property Act Fund
Spacehive
Total of funds		 Income
£
129,573
18,380
55,230
25,000
51,310
65,404
9,778
2,000
-
4,980
4,235
13,769
122,250
5,107
8,087
-
5,000
500
1,000
-
-
5,498
397,528
527,101		 Expenditure
£
(17,861)
4,966
(49,855)
(7,744)
(58,600)
(57,378)
(10,959)
(2,000)
(780)
(4,980)
(1,853)
(9,945)
(102,728)
(5,102)
(8,087)
(168)
-
(500)
(306)
(300)
(191)
(5,498)
(322,008)
(339,869)		 Transfers
in/out
£
80,126
3,501
9,159
10,274
7,297
-
3,000
-
7,110
-
-
-
4,569
-
-
1,437
-
-
-
440
191
-
46,978
127,104		 Balance at
28 February
2021
£
191,838
26,847
14,534
27,530
7
8,026
1,819
-
6,330
-
2,382
3,824
24,091
5
-
1,269
5,000
-
694
140
-
-
122,498
314,336

Page 21

MY SISTERS' HOUSE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

13. Charitable status and funds

The Charity was set up in February 2020 and the funds transfered into the charity were the reserves from My Sisters' House CIC, all the assets were transferred to the charity on 1 March 2020.

14. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Income
£
129,573
397,528
527,101		 Expenditure
£
(17,861)
(322,008)
(339,869)		 Transfers
in/out
£
80,126
46,978
127,104		 Balance at
28 February
2021
£
191,838
122,498
314,336

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
28 February
2021
Unrestricted
funds
28 February
2021
£
£
-
11,641
130,899
192,512
(8,401)
(12,315)
122,498
191,838		 Total
funds
28 February
2021
£
11,641
323,411
(20,716)
314,336

Page 22