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2020-12-31-accounts

Special Projects in Christian Missionary Areas

Trustees’ Report, Independent Examiner’s Report and Financial Statements

For Year Ended 31st December 2020

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Charity Registration Number 1
270794
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Contents

Page
Reference and administratve details of the Charity, its Trustees and advisers 1
Trustees’ report 2 - 5
Independent examiner’s report 6 - 7
Statement of fnancial actvites 8
Balance sheet 9
Notes to the fnancial statements 10 - 19

Reference and Administrative Information

Trustees

S Ewing

P Phelan - Retired as Hon Director on 10th December 2020

Principal address PO Box 299 Cirencester

Bankers The Cooperative Bank PO Box 250 Delf House Southway Skelmersdale

WN8 6WT

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

1

Trustees’ Report for the Year Ended 31 December 2020

Structure, Governance and Management

The Trust is registered with the Charity Commission of England and Wales, number 270794. It is constituted under a trust deed dated 1st October 1975 and deed of variation dated 21st September 1977. It raises funds through advertising and appealing to its database of donors. No investments are undertaken.

The trustees meet annually to agree the criteria for grant decisions and to ensure compliance with objects, while the day-to-day administration of grants is delegated to two trustees. They are supported by six other volunteers who contribute by:

Methods to Recruit and Appoint Trustees

Trustees are chosen on the basis of their professional skill and experience and according to the needs of the charity. In the event of a vacancy or if a need for a Trustee is identified, the Charity would first consider a possible candidate from among its volunteers. If needed, it would then broaden its search to wider contacts and via the Catholic Chaplaincies at UK universities. Finally, applicants could be sought through regular inserts in the Catholic press.

The trustees give their time freely and no trustee remuneration was paid during the year.

Risk Management

The trustees have considered the risks to which the charity is exposed and have adopted procedures to protect against them.

As the Trust issues grants with existing available funds and has no ongoing financial commitments, the greatest identified risk is the misdirection or misuse of a grant. The trustees manage this risk by requiring applicants to provide a letter of endorsement from their local bishop and for issued grants to go via diocesan accounts or that of the religious order where possible. This significantly reduces the opportunity for fraud and provides a degree of oversight for each project. A completion report including photos of the work in progress is an important requirement for every project.

All bank transfers require dual bank authorisation.

Objectives and Activities for the Public Benefit

The charity’s object is the advancement of religion by supporting and assisting the missionary work of the Catholic Church. The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the trust’s aims and objectives and in setting the grant -making policy for the year.

The Trust carries out this object by providing grants for small practical capital projects which are identified and requested by members of the missionary church in developing countries. In addition, the Trust provides emergency grants following local and widespread disasters, such as famine or flooding, in response to applications from missionary church members.

2

Trustees’ Report (continued) for the Year Ended 31 December 2020

Grant Making Policy

There was a major shift in SPICMA’s grant making policy in 2020. In the early part of the year, the Charity followed its traditional approach of funding small capital projects. However from April, as the dramatic and devastating effects of lockdown from coronavirus became evident in large parts of the developing world, all non-urgent grants were halted and attention switched to funding food aid and personal protective equipment. Requests were assessed in a matter of days and funds sent immediately upon approval. It was in September that SPICMA began to end emergency lockdown support in the belief that the larger charities were then better positioned to provide this type of help to dioceses, parishes and health centres.

Achievements

SPICMA issued more grants in 2020 than in any year since its founding. There were 177 individual grants totalling £537,270 (2019: 58 and £303,390). The majority of these were in response to hardship caused by the imposition of lockdowns triggered by the coronavirus. Many countries in the developing world have large populations reliant on a daily wage. No work translates into no pay and no food. Often, people turned to their churches for help and the parishes approached SPICMA in desperation. 127 urgent food/PPE grants were sent across 11 different countries, primarily India, Kenya, Uganda, Tanzania.

For the year as a whole, the following chart illustrates the breakdown by country of grants (sterling value), both urgent and non-urgent:

3

Trustees’ Report (continued) for the Year Ended 31 December 2020

Financial Review

The Charity’s work is funded entirely by individual, parish and trust donations and legacies. These are primarily in response to appeals made through the Catholic press and mailings to its database of existing donors. As an entirely voluntary charity, no wages are paid to anyone. All volunteers work out of their own homes, thus no office rent is incurred and overheads are kept to a minimum.

At the end of the year, £140,948 was held in cash and in short-term deposit accounts.

Over the period as a whole, the total of donations and legacies received was £306,672 (2019: £337,053). Grants amounted to £537,270 (2019: £303,390) and costs were £18,176 (2019: £19,741).

Reserves Policy

At the year end total funds were £173,229 (2019: £421,600). Of this, £163,580 (2019: £321,489) were unrestricted and £9,649 (2019: £100,111) were restricted. The Charity’s policy on reserves is to hold a minimum of £100,000 (including a working capital reserve of £25,000). This provides scope to respond to emergencies and other requests in an immediate and meaningful way while launching fundraising appeals to continue support and replenish spent reserves.

The higher level at the end of the year was due to a successful Christmas appeal to our database of donors.

Plans for Future Periods

The Charity will continue to focus its grants at parish level projects, supporting those where there is little chance of help from larger charities. It plans to launch four appeals to its donor database over the 12 month period. SPICMA also intends to advertise quarterly in at least three national publications over the course of the year. This will be in the form of printed advertising space, inserts and digital ads.

Charity’s Outlook as a Going Concern

Given the level of funds at year end and the policy to hold reserves, there are no concerns about the financial future of the charity. The absence of wages and office costs, together with a healthy and growing level of donations via standing orders, engender confidence in the charity’s future and therefore the financial statements have been prepared on the going concern basis.

Statement of Trustees' Responsibilities

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 & Wales requires the Trustees to prepare finan-cial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period.

4

Established In 196? ,SPICMA, Trustees, Report (continued) forthe Year Ended 31 December 2020 tsn byvoiuoiee In preparin8 these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles of the Charities SORP IFRS 1021- make judgements and accounting estimates that are reasonable and prudent- state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any mate- rial departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charlty wlll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charlty's transacttons and 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 re5POn- sible for safeguarding the assets of the charity and hence tor taking reasonable steps for the prevention and detectr.on of fraud and other irregularities. Approved by the trustee5 on P2/ and signed on their behalf by Samu Ewing Trustee

SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Independent examiner's report to the Trustees of Special Projects in Christian Missionary Areas ('the Charity')

I report to the Trustees on my examination of the accounts of the Charity for the year ended 31 December 2020, which are set out on pages 8 to 19.

This report is made solely to the Charity’s Trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner’s 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, the Charity’s members as a body and the Charity’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.

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 Association of Chartered Certified Accountants, which is one of the listed bodies.

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.

Page 6

SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Signed: Tara Westcott FCCA

Dated: 22 April 2021

Crowe U.K. LLP Carrick House Lypiatt Road Cheltenham Gloucestershire GL50 2QJ

Page 7

SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Income from:
Donations and legacies
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net expenditure
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2020
£
135,815
403
136,218
13,722
162,624
176,346
(40,128)
(117,781)
(157,909)
321,489
(157,909)
163,580		 Restricted
funds
2020
£
170,857
-
170,857
-
379,100
379,100
(208,243)
117,781
(90,462)
100,111
(90,462)
9,649		 Total
funds
2020
£
306,672
403
307,075
13,722
541,724
555,446
(248,371)
-
(248,371)
421,600
(248,371)
173,229		 Total
funds
2019
£
337,053
515
337,568
15,869
307,262
323,131
14,437
-
14,437
407,163
14,437
421,600

The notes on pages 10 to 19 form part of these financial statements.

Page 8

SPECIAL PROJECTS IN CHRISTIAN MISSIONAR Y AREAS BALANCE SHEEr AS AT 31 DECEMBER 2020 2020 2019 Note Current assets Debtors Gash al bank and in hand 12 37,931 140,948 95,513 329,087 178,879 424,600 Creditors.. amounts falling due within one year 13 (5,650> (3,000) Net current assets 173,229 421,600 Totsl net assets 173.229 423,600 Charlty funds Reslricled funds Unrestricted funds 14 14 9,649 163,580 ioo,iii 321,489 Total funds 173,229 421,600 The financial statements were appfoved and authorised for issue by the Trustees o and signed on their behalf by= SEWI tee) The notes on pages 10 to 19 form part ol these financi￿ statements. Page 9

SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. General information

Special Projects in Christian Missionary Areas SPICMA) is a Charity registered with the Charity Commission in England and Wales (no: 270794). The registered address is PO Box 299, Cirencester, Gloucestershire, GL7 9FP.

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.

Special Projects in Christian Missionary Areas 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 Going concern

After reviewing the Charity's forecasts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the forseeable future and that there are no material uncetainties about the charíty's ability to continue. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

2.3 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.

Income from legacies is recognised where evidence of entitlement exists, the value is measurable with sufficient reliability, and on the earlier of the date of receipt of finalised estate accounts or the date of payment.

2.4 Expenditure

Expenditure is included in the Statement of Financial Activities when incurred and includes attributable VAT which cannot be recovered.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes advertising costs.

Expenditure on charitable activities comprises expenditure on the Charity's primary charitable purpose as described in the Trustees' report.

Support costs include expenditure incurred in providing office services, equipment and a suitable working environment to carry out the primary purpose of the Charity.

Governance costs comprise the costs which are directly attributable to the procedures for compliance with statutory requirements.

Page 10

SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.5 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

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.

2.7 Creditors

Creditors 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.

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.

2.9 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.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no areas of the financial statements where estimates or judgements have been made.

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SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4. Income from donations and legacies

Unrestricted
funds
2020
£
Donations
Donations
118,642
Gift Aid
15,673
Legacies
1,500
Subtotal
1,500
135,815
Total 2019
248,308		 Restricted
funds
2020
£
150,099
20,758
-
-
170,857
88,745		 Total
funds
2020
£
268,741
36,431
1,500
1,500
306,672
337,053		 Total
funds
2019
£
241,540
95,513
-
-
337,053

5. Investment income

Unrestricted
funds
2020
£
Bank interest
403
Total 2019
515		 Total
funds
2020
£
403
515		 Total
funds
2019
£
515

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SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

6. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2020
£
Advertising and promotions
13,722
Total 2019
15,869		 Total
funds
2020
£
13,722
15,869		 Total
funds
2019
£
15,869

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2020
£
Charitable activities
162,624
Total 2019
150,432		 Restricted
funds
2020
£
379,100
156,830		 Total
funds
2020
£
541,724
307,262		 Total
funds
2019
£
307,262

8. Analysis of expenditure by activities

Charitable activities
Total 2019		 Grant
funding of
activities
2020
£
537,270
303,390		 Support
costs
2020
£
4,454
3,872		 Total
funds
2020
£
541,724
307,262		 Total
funds
2019
£
307,262

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SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Independent Examiner's fees
Bank charges
Office costs
Travel costs
Total 2019		 Total
funds
2020
£
2,700
1,620
134
-
4,454
3,872		 Total
funds
2019
£
3,100
497
254
21
3,872

9. Grants

Water plants in Guntur India
Construction of classrooms Gunter India
Renovation of Toroma Boy's classrooms
Energency Food Aid 4 MHM Parishes, Pakistan
Grants < £10k		 2020
£
10,000
11,000
11,500
20,000
484,770
537,270

Grants are requested by members of the missionary church in developing countries.

Futher details of projects supported can be found at www.spicma.org.

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SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

10. Independent examiner's remuneration

2020 2019
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 1,800 1,800
Fees payable to the Charity's independent examiner in respect of:
All other services not included above 900 1,200

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2019 - £NIL) .

During the year ended 31 December 2020, expenses totalling £ 100 were reimbursed or paid directly to 1 Trustee (2019 - £Nil) . Expenses related to IT costs.

12. Debtors

Prepayments and accrued income
Tax recoverable		 2020
£
1,500
36,431
37,931		 2019
£
-
95,513
95,513

13. Creditors: Amounts falling due within one year

2020 2019
£ £
Accruals 5,650 3,000

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SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

14. Statement of funds

Statement of funds - current year


Unrestricted funds
General fund
Restricted funds
Emergency Fund
Water System Tumaini Health
Centre
Kapalamula School Toilet Block
Mingana Hospital
Coronavirus Lockdown
Victims of Flooding of Lake
Albert
Water Plants in Guntur India
Tuition for John Julius
Katimba Health Centre
Toroma Boy's School
St Bonaventure School
Ugandan Travel
Total of funds		 Balance at 1
January
2020
£
321,489
99,644
467
-
-
-
-
-
-
-
-
-
-
100,111
421,600		 Income
£
136,218
-
-
4,000
17,209
116,858
6,705
4,600
600
6,973
4,024
8,888
1,000
170,857
307,075		 Expenditure
£
(176,346)
(9,467)
-
(4,000)
(8,000)
(323,533)
(7,000)
(10,000)
(600)
(4,000)
(11,500)
-
(1,000)
(379,100)
(555,446)		 Transfers
in/out
£
(117,781)
(90,177)
-
-
(3,000)
206,675
295
5,400
-
-
7,476
(8,888)
-
117,781
-		 Balance at
31
December
2020
£
163,580
-
467
-
6,209
-
-
-
-
2,973
-
-
-
9,649
173,229

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SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General fund
Restricted funds
Emergency Fund
Boreholes Shiny Village
Famine Aid
Kokopo Housing project
Toilet Block Sagaya Matha
School
Water System Tumaini Health
Centre
Water Plant Bhuvanagiri
Sewing Machines Tabaka
Training Centre
Sewing Machines ANEC
Laptop for Kurusdi School
Kapalamula School Toilet Block
Mingana Hospital
Total of funds		 Balance at
1 January
2019
£
263,696
143,467
-
-
-
-
-
-
-
-
-
-
-
143,467
407,163		 Income
£
248,823
-
20,197
39,688
5,606
1,606
5,467
2,500
4,000
2,500
600
3,210
3,371
88,745
337,568		 Expenditure
£
(166,301)
(14,020)
(50,000)
(45,000)
(11,500)
(8,000)
(5,000)
(5,000)
(4,000)
(2,500)
(600)
(3,210)
(8,000)
(156,830)
(323,131)		 Transfers
in/out
£
(24,729)
(29,803)
29,803
5,312
5,894
6,394
-
2,500
-
-
-
-
4,629
24,729
-		 Balance at
31
December
2019
£
321,489
99,644
-
-
-
-
467
-
-
-
-
-
-
100,111
421,600

Emergency Fund

Funds reserved for urgent needs, primarily famine aid.

Water System Tumaini Health Centre

The grant was to install a water harvesting system at the health centre in Tanzania.

Mingana Hospital, Dem Rep of Congo

This remote hospital had been stripped of its items by a corrupt staff. The Missionaries of Africa, a religious order we have helped in the past, took it over and asked us for funding to replace mattresses, medicines and medical equipment, as well as to install solar power.

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SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Coronavirus Lockdown, Various

With the imposition of lockdown, people in the poorest countries relying on a daily wage were caught without means to pay for food and often no official safety net to support them. SPICMA responded to more than 100 urgent requests from parishes and dioceses for food aid located in 11 different countries.

Victims of Flooding of Lake Albert, Uganda

Extreme flooding washed away villages, including possessions, homes and crops. 9,000 people were affected and we helped them to purchase food and medicines.

Water Plants, India

In 2017, SPICMA agreed to match fund new water plants in various poor villages and schools in Guntur Diocese. In this instance, Patibandla and Gundemeda villages were chosen as the “people who are living in these two places are experiencing health issues because of contaminated ground water”.

Tuition for John Julius, Uganda

John Julius was shot by cattle raiders when a young child. A Trustee has been solely funding his tuition costs for a few years.

Katimba Health Centre, Uganda

This health centre requested funds for four water tanks as part of a water harvesting system. Before the grant, they were forced to collect water from pools shared with animals, thus water-borne diseases were very common.

Toroma Boy’s School, Uganda

The state of the school was almost unusable and highly dangerous. We agreed to fund the refurbishment of the block, replacing the roof, windows, doors and installing a new water tank.

St Bonaventure School, Tanzania

This growing school was in need of a large water well to provide clean, safe water for the 140 members of the school community, as well as people from the surrounding villages. The well’s capacity is 150,000 litres, which should help them through the dry season.

Ugandan Travel

To help Fr Bernard Phelan, SPICMA's President, cover the costs of travel to Uganda where he was going to inspect some of the projects funded by SPICMA.

Kapalamula School Toilet Block

Kapalamula Primary School in rural Malawi was in desperate need of a new toilet block for girl students. This project was selected by one of our donors to fund in its entirety.

Transfers between funds

The transfers into the restricted funds represent the difference between income from the appeal and the grant to the beneficiary funded by the unrestricted general fund.

The transfers out of the Mingana Hospital and St Bonaventure School restricted funds represent funds spent in the prior year before the appeals were launched.

The transfer out of the Energency Fund relates to expenditure in the prior year which was allocated against unrestricted funds.

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SPECIAL PROJECTS IN CHRISTIAN MISSIONARY AREAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. Analysis of net assets between fund

Analysis of net assets between funds - current period

Unrestricted
funds
2020
£
Current assets
169,230
Creditors due within one year
(5,650)
Total
163,580		 Restricted
funds
2020
£
9,649
-
9,649		 Total
funds
2020
£
178,879
(5,650)
173,229

Analysis of net assets between funds - prior period

Current assets
Creditors due within one year
Total		 Unrestricted
funds
2019
£
324,489
(3,000)
321,489		 Restricted
funds
2019
£
100,111
-
100,111		 Total
funds
2019
£
424,600
(3,000)
421,600

16. Related party transactions

There were no related party transactions during this or the prior year.

Page 19