| Only complete ifthe examiner needs to highlight material matters ofconcern |
|
|---|---|
| (see CC32,Independent examination ofcharity accounts; directions and |
|
| guidance forexaminersj | |
| Give here brief details of | |
| any items that the | The charikjjsaccounts confinue tobe prepared on the accruals basis, as |
| examiner wishes to | established in the report for20t9/20. |
| disclose. | |
| The opening babrnce on the charib/s investnwnt accounts has been |
|
| updated to refiect the statements provided by the account provider at that |
|
| date. This has created aprior year adjustment ofK140,which is immateriaL |
|
| New assets in the year have been recognised as fixed assets on the | |
| balance sheet. Depreciation ofthose assets has continued on the same |
|
| basis as in the prior year. Assets no longer in existence orwith no | |
| realisable vakre have necessarily been writmn oif in the accounts, thus | |
| increasing the current year deficit by K6.9k. The underlying in-year deficit is |
|
| therefore less than Ktk. | |
| Most processes seem to be gorxL However, a control weakness exists where internet bankers are able tochange bank account details of |
|
| suppliem without formal aulhorisalion wid potentially without the trustee |
|
| noticing. Iunderstand that the charity is inthe process ofmoving bank accounts and this is being addressed as part ofthat change. |
|
| The trustee should note that in each ofthe three previous yearn, | |
| expendihxe has exceeded income. The ongoing pandemic will doubtless |
|
| have an effect but this appears tobealonger term trend |
| ~ | ~ | I | I | |||||
|---|---|---|---|---|---|---|---|---|
| Restricted | ||||||||
| Unrestricted | income | Total this | Total last | |||||
| funds 8 |
funds 6 |
year f |
year 8 |
|||||
| Fixed assets | F01 | F02 | F05 | |||||
| Intangible assets | ||||||||
| Tangible assets | 13,547 | 13,547 | 10,289 | |||||
| Heritage assets | ||||||||
| Investments | ||||||||
| Total | fixed assets | 'l0,289 | ||||||
| Current assets | ||||||||
| Accrued Income | 17,545 | 17,545 | 15,738 | |||||
| Debtors | 14,389 | 14,389 | 715 | |||||
| Unity Trust bank - Deposit Account | 15,299 | 15,299 | 14,642 | |||||
| Unity Trust Bank - Current Account | 162 | 162 | 8,350 | |||||
| Petty Cash in Hand | 35 | 35 | 75 | |||||
| CCLA Investments | 48,569 | 15,700 | 64,269 | 62,217 | ||||
| Total current assets | 96,0(m | 15,700 | 1.11,700 | 101737 | ||||
| Grad(tom: amounts |
falling | due within | ||||||
| one year | 14,441 | 14,441 | 4,290 | |||||
| Net current assetsl(liabilities) | 81;559 | 15,700 | 97,269 | 97,447 | ||||
| Total assets less current liabilities | 95,'l06 | 16,700 | '140,866: | 107,736 | ||||
| Creditors: amounts | falling | due after | ||||||
| one year | 10,575 | 10,575 | ||||||
| Provisions for liabilities | ||||||||
| Total net assets or | liabilities | 84,531 | 15,700 | f00c231 | 107;736 | |||
| Funds ofthe Charity | ||||||||
| General Purposes | Fund (repairs fund) | 77,403 | 77,403 | 77,121 | ||||
| Unrestdicted Funds |
(extraordinaryi | 7,128 | 7,128 | 15,015 | ||||
| Restricted Funds (repairs fund) |
15,700 | 15,700 | 15,600 | |||||
| Total funds | 15,709 | 100431 | 107,736 |