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2021-03-31-accounts

Registered Charity Number 277984

Taunton Opportunity Group

Annual Report and Accounts

For the year ended

31 March 2021

1

Taunton Opportunity Group

Index to Annual Report and Accounts

For the year ended 31 March 2021

Contents

Contents
Trustees Report 2 to 7
Reference and Administrative Details 8 to 9
Statement of Trustees' Responsibilities 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 to 21

2

Trustees Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2021.

Objectives and activities

Objects and aims

Our mission is ‘Encouraging Development Through Play and Supporting Families’.

Charitable Objects

To provide safe and satisfying group and play for the advancement of the education of children with special needs and other children under statutory school age.

Objectives, strategies and activities

Taunton Opportunity Group (TOG) which was established 49 years ago is a pre-school for children with a wide variety of additional physical and learning needs. It currently has 18 + 4 baby group children on roll aged between 3 months and 5 years, who attend for a varying number of sessions a week. The children who attend have a range of additional needs such as Autism, Cerebral Palsy, Downs Syndrome, Medical Needs, General Developmental Delay, Language and Communication difficulties and other syndromes and disabilities that there is no known cause.

Our purpose is to encourage development through play. TOG is particularly recognised for:

The excellent facilities at TOG enable its work to be enhanced by visiting health professionals, which substantially helps with support for staff to help the children and staff realise the children’s potential.

Public benefit

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Use of volunteers

The charity is very involved in working with families and both health and educational partners and is grateful for voluntary help. Volunteers assist with the supervision and with enhancing the play experience of individual children. The charity is supported by a team of approximately five volunteers.

3

Achievements and performance

There are many ways of measuring TOG’s effectiveness, but the overall objective is to help children achieve their potential and maintain a degree of stability in everyday life. Nine of our children left last summer with four going directly into mainstream education. This is a statistic that demonstrates the value and quality of TOG.

The demand for the services that TOG provides continues, and it is increasingly evident that many of our children need one to one parent/child supervision. This places increasing pressure on our finances and fund raising. We were pleased to receive donations from local supporters including West Monkton PCC, Taunton Vale Rotary Club, Hidden Needs Trust amongst others. We continue to look for additional sources of funding for the future.

The manager and Deputy Manager have managed to cover the administrative role to avoid the need to appoint a new person. This continues to be monitored, to assess if a replacement is required, in the light of increasing complexity of the children's needs.

The Trustees and Management Committee wish it to be placed on record that the continued success of TOG is attributable to the hard work of all the Staff and volunteers.

For the future the trustees and staff team are determined to keep TOG at the leading edge of the quality and content of all that we offer to our children and their families.

The Manager Allison Brayshay resigned at the end of December 2019 and her Deputy Helen Charles took over with Julie Farmer-Labbe becoming the new Deputy. The aim is to continue to widen the skill base to encompass: -

The trustees judge the charity to be well placed to deliver its core strategy.

Financial review

The Statement of Financial Activities for the period and Balance Sheet as at 31 March 2021 are shown on pages 12 and 13. The overall net income over expenditure for the year was £26,524 (Deficit 2020: (£9,937))

The trustees have considered carefully the charity’s position in respect of its going concern status and are satisfied of the charities ability to meet its obligations for the next twelve months.

Safeguarding

4

TOG is committed to ensuring that paramount importance is given to safeguarding the children in our care. Our Safeguarding Children Policy is reviewed annually. We are proactive in providing regular training and support to trustees, staff and volunteers.

Ofsted

The most recent Ofsted inspection was in October 2017. The report states that the quality and standards of TOG’s provision was Good across all four categories. Key findings being that TOG has strong relationships with parents, outside agencies and other providers, providing a positive impact on children’s care and development.

Like many settings due to Covid inspections have not taken place, we anticipate an inspection in the near future.

In the recent authority Ofsted inspection for the authority TOG was again mentioned for its good practice in its joined up approach with parents and outside agencies.

Principal Risks and Risk Management

The principal risks have been identified as

Comprehensive policy and protocol documents are in place covering all operational aspects of TOG’s work. The procedures are reviewed annually, and the documents updated as necessary. Financial risk is kept under constant review by the committee at its regular meetings and is looked at in greater depth when the annual accounts are produced, and budgets are set.

Reserves Policy

The trustees aim to hold in cash reserves a figure equal to at least one year’s expenditure not covered by income from Somerset County Council. This objective was being met, with a good margin.

Investment Policy

Funds not required to meet day to day expenses are deposited in low risk interest bearing accounts.

5

Plans for future periods

Aims and key objectives for future periods

The trustees have agreed a clear strategic plan: -

Structure, governance and management

Governance

Taunton Opportunity Group is a charity numbered 277984 that was registered on 19 June 1979.

TOG is governed by a Constitution, modelled on one recommended by the Pre-School Alliance. This was brought up to date and adopted at the Annual General Meeting held on 8[th] November 2018.

Recruitment and appointment of trustees

Appointment of trustees is by invitation of the board and appointments are ratified at the Annual General Meeting. The Constitution requires, inter alia, that Officers of the Committee should all retire each year at the Annual General Meeting and although eligible for re-election, no Officer may be re-elected to the same post for a seventh year.

Induction and training of trustees

New trustees undergo an orientation course to brief them on their legal obligations under charity and charity law, the content of the Constitution, the committee and the decision-making process, the business plan and recent financial performance of the charity.

6

Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisational structure

The charity is organised so that the Committee meets regularly on at least a twice termly cycle to manage its affairs. There are honorary officers a Chairman, Secretary and Treasurer who administer the day to day activities of the charity.

7

Reference and Administrative Details

Trustees Chairman Jennifer Bird
Treasurer Gavin Brown
Secretary Alison Brown
Malcolm Turner
Alison Brown
Mo Hodges
Gavin Brown
Susan Small
Helen Charles
Susan Small
Heidi Brand – Appointed 20 November 2020
Jenna Whittet-Evens – Appointed 20 November 2020
Rebecca Barnes - Appointed 20 November 2020
Address Wooden Spoon House
Crowcombe Road
Taunton TA2 7NF
Bankers Lloyds Bank Plc
31 Fore Street
Taunton TA1 1HN
Charity Registration Number 277984
Independent Examiner Christopher Cherry
C/o Brunel House
Cook Way
Taunton
Somerset
TA2 6BJ

8

Taunton Opportunity Group

Trustees Report

Going concern

The trustees have considered carefully the charity’s position in respect of its going concern status. Given the immediate improvement made in reserves since the year end, and the positive reaction from stakeholders and donors to the management changes and future strategy being adopted, the trustees are satisfied of the charity’s ability to meet its obligations for the next twelve months.

The annual report was approved by the trustees of the charity on 17 November 2021.

Mrs J Bird

Chairman and Trustee

9

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Usual accounting principles requires the trustees to prepare financial statements for each financial year which give a true and fair view. The trustees should not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website.

Approved by the trustees of the charity on 31 December 2020 and signed on its behalf by:

Mrs J Bird

Chairman and Trustee

10

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

ndent Examiner’s Report ndent Examiner’s Report ndent Examiner’s Report
Report to the trustees/
members of
On accounts for the year
ended
Set out on pages
Responsibilities and basis of
report
Independent examiner's
statement
Signed:
Name:
Relevant professional
qualification(s) or body (if
any):
Address:		 Taunton Opportunity Group
31 March 2021 Charity no (if any) 277984
Twelve to twenty-one
I report to the trustees on my examination of the accounts of the above charity (“the
Trust”) for the year ended 31/03/2020.
As the charity trustees of the Trust, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’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 Act.
I have completed my examination. I confirm that no material matters have come to
my attention (other than that disclosed below ) in connection with the examination
which gives me cause to believe that in, any material respect:
accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Please delete the words in the brackets if they do not apply.
Date:
15 November 2021
15 November 2021
Christopher Cherry
ACCA
C/o Brunel House
Cook Way
Taunton, Somerset TA2 6BJ

11

Taunton Opportunity Group Statement of Financial Activities

Year Ended 31 March 2021

(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Unrestricted
Funds
£
Income and Endowments From:
Donations & legacies
3
11,310
Charitable activities
4
71,889
Other trading activities
634
Investments
-
Other
19,476
Total Income
103,309
Expenditure on:
Raising funds
5
(-)		 Note
Unrestricted
Funds
£
Income and Endowments From:
Donations & legacies
3
11,310
Charitable activities
4
71,889
Other trading activities
634
Investments
-
Other
19,476
Total Income
103,309
Expenditure on:
Raising funds
5
(-)		 Note
Unrestricted
Funds
£
Income and Endowments From:
Donations & legacies
3
11,310
Charitable activities
4
71,889
Other trading activities
634
Investments
-
Other
19,476
Total Income
103,309
Expenditure on:
Raising funds
5
(-)		 Restricted
Funds
£
-
-

-
-
-

-

-		 Restricted
Funds
£
-
-

-
-
-

-

-		 Total
2021
£
11,310
71,889
634
-
19,476
103,309
(-)		 Total
2021
£
11,310
71,889
634
-
19,476
103,309
(-)		 Total
2020
£
26,066
47,879
552
96
308
74,901
(276)		 Total
2020
£
26,066
47,879
552
96
308
74,901
(276)
Charitable activities
6		 (76,681) (-) (76,681) (82,171)
Other
6		 (104)
 (-) (104) (2,391)
Total Expenditure (76,785) **(-) ** (76,785) (84,838)
Net Income/(Expenditure) 26,524 **(-) ** 26,524 (9,937)
Transfer between funds - - -
 -
Net movement in funds 26,524 (-) 26,524 (9,937)
Reconciliation of funds
Total funds brought forward
16		 327,403 1,357 328,410 338,347
Total funds carried forward 353,577 1,357 354,934 328,410

12

Taunton Opportunity Group Balance Sheet

31 March 2021

Note
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Prepayments
13
Investments
Cash at bank and in hand
Creditors: Amounts falling due within one year
14
Net assets
Funds of the charity:
16
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds		 2021
£
271,696
-
1,538
1,024
43,097
37,579
83,238
-
354,934
1,357
353,577
354,934		 2020
£
271,696
-
546
1,099
43,097
11,972
328,410
-
328,410
1,357
327,053
328,410

The trustees have not required the charity to obtain and audit of its financial statements for the year ended 31 March 2021 in accordance with section 144(2) of the Charities Act 2011.

The trustees acknowledge their responsibilities of ensuring the charity keeps accounting records that comply with the relevent legislations.

The financial statements on pages twelve to twenty-one were approved by the trustees and authorised for issue on 31 December 2020 and signed on their behalf by:

Mrs J Bird Chairman and Trustee Taunton Opportunity Group

13

Notes to the Financial Statements

Year Ended 31 March 2021

1 Charity status

The charity was registered on 19 June 1979 with the Charity Commission for England and Wales.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented unless otherwise stated.

Statement of compliance

The financial statements have been prepared 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Basis of preparation

The Taunton Opportunity Group 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 notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Key sources of estimation uncertainty

In the application of the charity’s accounting policies, which are described below, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of the assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements and estimates that the trustees have made in the process of applying the charity's accounting judgements and that have the most significant effect on the amounts recognised in the financial statements.

14

Key management personnel are considered to be the Trustees and Team Leader with overall management control of the day to day running of the services provided by the charity.

Income and endowments

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 the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. If a donation is subject to conditions that require that funds are spent on a specify item or items or a defined activity, then the donation is deemed to be restricted within the accounts. Such donations are used only for the specified purpose.

In accordance with the Charities SORP (FRS 102), the valuation of services provided by volunteers has not been included in the statement of financial activities.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and monies have been received.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Staff costs

These include all staff salaries and related taxation costs, pension payments and expenses.

Support costs

Support costs include day to day premises (including utilities) and other costs for office and playroom consumables together with administration and registration costs.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including Ofsted and other registrations, Safeguarding (DBS

15

checks), accountancy and other fees, strategic management and trustees’ meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation has been provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land & Buildings 0%
 Plant &
equipment 20% Straight Line
Computer equipment 20% Straight Line
Furniture 20% Straight Line

Stock

Stock is valued at the purchase price.

Trade debtors

Trade debtors are amounts due from third parties and/ or amounts owed under the GiftAid tax scheme. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

16

Cash and cash equivalents comprise cash on hand and call deposits that are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Financial instruments

Classification

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

All financial instruments are classified as basic.

Recognition and measurement

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs) and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

3 Income from donations and legacies

Unrestricted
funds
Restricted
funds
£
£
Donations
10,318
-
Gift Aid
992
-
Grant BBC Children in Need
-
Grant Wilton Trust (for new outside play area)
-
-
Grant Wilton Trust (Push Chair for Parent)
-
-
WPA Benevolent Foundation (for Cabinets)
-
-
Groundwork UK (Tesco) (for New Decking)
-
-
Disability Access Fund
-
-
11,310
-		 Total
2021
£
10,318
992
-
-
-
-
-
-
11 310		 Total
2020
£
15,310
270
9,871
-
-
-
-
615
26,066

4 Income from charitable activities and other income

17

Unrestricted
funds
Restricted
funds
£
£
Somerset County Council Statutory Funding
54,945
-
Somerset County Council COVID grant
10,000
Fees
6,944
-
Fundraising
634
-
Interest received
-
-
Other
19,476
-
91,999
-
5 Expenditure on raising funds
Unrestricted
funds
Restricted
funds
£
£
Justgiving fundraising portal
-
-
Raffle
-
-
-
-
6 Expenditure on charitable activities
Unrestricted
funds
Restricted
funds
£
£
Staff Costs
64,717
-
Recruitment fees
105
-
Support Costs
Training & expenses
491
-
Educational consumables and equipment
2,531
-
Utilities, Rates & IT
-
-
Heat and light
1,870
-
Water rates
329
-
Rates
362
-
Telephone
546
-
Cleaning, hygiene and first aid
192
-
IT & Website costs
655
-
Printing costs
309
-
Repairs
1,791
-
Service Contracts & Insurance
-
-
Insurance
2,123
Fees & Regulation
660
-
Purchase of Sensory Hamper
-
-
Other
Depreciation
-
-
Other
104
-
76,785
-		 Total
2021
£
54,945

10,000
6,944
634
-
19,476

91,999

Total
2021
£
276
-
276
Total
2021
£
64,717
105
491
2,531
-
1,870
329
362
546
192
655
309
1,791
-
2,123
660
-
-
104
76,785		 Total
2020
£
44,371
-
3,508
552
96
308
48,835
Total
2020
£
276
-
276
Total
2020
£
67,756
-
1,156
3,139
5,674
-
-
-
-
-
-
-
1,481
2,805
-
-
-
-
2,551
84,562

18

7 Analysis of governance and support costs

No costs or expenses were claimed by trustees during the year. No costs have been incurred for independent examiner’s fees. No trustees, nor any persons connected with them, have received any remuneration or benefits from the charity during the year.

8 Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Depreciation of fixed assets
Independent examiners fees		 2021
£
-
-
-		 2020
£
-
-
-

9 Staff costs

The aggregate payroll costs were as follows: -

Staff costs during the year
-
Wages & salaries
-
Pension costs (Employee £1,391, Employer £596)		 2021
£
63,531
1,186
64,717		 2020
£
65,769
1,987

67,756

The monthly average number of persons employed by the charity during the year was seven. Three employees are enrolled in the NEST pension scheme. No employee received emoluments of more than £60,000 during the year.

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Tangible fixed assets

1 Tangible fixed assets

Cost
At 1 April 2020 (See note below)
Additions in period
At 31 March 2021

Depreciation
At 1 April 2020 (See note below)
Charge for year
At 31 March 2021
Net Book Value
At 31 March 2021
At 31 March 2020 (See note below)		 Building
£
Furniture and
Equipment
£
Computer
Equipment
£
271,696
38,703
2,811
-
-
-
271,696
38,703
2,811
-
38,703
2,811
-
-
-
-
38,703
2,811
271,696
-
-
271,696
-
-		 Total
£
313,210
-
313,210

41,514
-
41,514

271,696

271,696

19

Note: The Base Cost at 1 April 2017 was determined as follows. Building based on original build cost with 0% depreciation. Furniture, General Equipment and Computer Equipment Based upon a review by trustees having regard to the age and (if appropriate) serviceability.

A market valuation was undertaken by Symonds and Sampson during 2018 and it has been agreed that as at 31 March 2018, the building known as Wooden Spoon House is to be given a market value in the region of £250,000. The trustees agreed that a value of £245,000 should be used with an addition of £26,696 for a new outside play area giving a total value of £271,696.

No market valuation was conducted during 2020 or 2021 but, it has been recommended a revaluation should be done in the near future. All Furniture and Equipment including computers was fully depreciated as at 31[st] March, 2020 and 2021.

12 Stock
Total
2021
£
Stocks
-
13 Debtors
Total
2021
£
Debtors
Prepayments
1,538
1,024
14 Creditors: amounts falling due within one year
Total
2021
£
Creditors
-		 Total
2020

£
-
Total
2020
£
_546
1,099
Total
2020
£
85

20

15 Funds

Balance at
1 April 2020		 Balance at
1 April 2020		 Balance at
1 April 2020
Incoming
resources
Incoming
resources
Incoming
resources		 Resources
expended		 Resources
expended		 Transfer
between funds		 Transfer
between funds		 Balance at 31
March 2021		 Balance at 31
March 2021		 Balance at 31
March 2021
£ £ £ £ £
Unrestricted funds
General
General
Fixed assets		 44,729
261,324		 103,309 (76,785) -
-		 71,253
261,324
Designated-Specialist Equipment 21,000 - - - 21,000
Total General Funds 327,053 103,309 (76,785) 353,577
Restricted funds
Wilton Trust 107 - - - 107
Baker Family Equipment Fund 128 - - - 128
St Peters Guides 147 - - - 147
Somerset CC Health & Wellbeing 125 - - - 125
TOG Transport Fund 379 - - 379
Total Restricted Funds 1,357 - - 1,357
Total Funds 328,410 103,309 (76,785) - 354,934

16 Analysis of net assets between funds

Other than the ‘Restricted Funds’ held in cash or at the bank of £1,357 (2020 £31,357) all other funds or assets are deemed to be ‘General’.

Once funded from a restricted fund any item purchased is a general asset and is freely available for general use within Taunton Opportunity Group.

17 Related party transactions

There were no related party transactions for the year ended 31 March 2021.

21