## **VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021**
## **AR BUSINESS CONSULTANCY LTD**
**62 POLWELL LANE BARTON SEAGRAVE KETTERING NORTHAMPTONSHIRE NN15 6UB**
## **VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
|**CONTENTS**
Officers, trustees and senior staff
Trustees' report
Independent Examiner's report
Statement of Financial Affairs
Balance Sheet
Notes to the Financial Statements|**PAGE NO.**|
|---|---|
||1
2 - 3
4
5
6
7 - 11|
**VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
## **LEGAL AND ADMINISTRATIVE**
## **MANAGEMENT COMMITTEE CHARITY TRUSTEES 2020-21**
**PRESIDENT** Godric Bader **VICE-PRESIDENT** Cynthia Bailey **CHAIR** Richard Jackson **VICE-CHAIR** Jennifer Dixon (from March 2021) **SECRETARY** Gill Mercer (from March 2021) **TREASURER** Raj Modha (November 2019 to December 2020) Hugh Fenton (December 2020 to January 2021) Brian Emerson (Treasurer from February 2021) **U.R.C. REPRESENTATIVES** Eira Billings Connie Willie (to March 2021) **N.R.E.C REPRESENTATIVES** Anjona Roy **BOROUGH COUNCIL REPRESENTATIVES** Cllr Tony Aslam **COUNTY COUNCIL REPRESENTATIVES** Cllr Graham Lawman Cllr Gillian Mercer (Secretary from March 2021) **INDIVIDUAL MEMBERS** Jaya Tailor (to January 2021) Rosemary Abram (from March 2021) Maria Lloyd (from March 2021) Pauline Jafarian (from March 2021) **OTHER INFORMATION CENTRE MANAGER** Marion Turner-Hawes **PRINCIPAL OFFICE** 46-50 Palk Road, Wellingborough, Northants, NN8 1HR **BANKERS** Barclays Bank plc Unity Bank **INDEPENDENT EXAMINER** AR Business Consultancy Ltd (from September 2019) 62 Polwell Lane, Barton Seagrave, Kettering, NN15 6UB
1
**VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
## **REPORT OF THE TRUSTEES 2020-2021**
## **1 Reference and administrative details of the Charity, its Trustees and Advisors**
The Victoria Centre, 46-50 Palk Road, Wellingborough, Northamptonshire, NN8 1HR is a voluntary organisation formed in 1979 with a charitable constitution. It is a registered charity no. 278215. The Centre is governed by a Management Committee (MC). A full list of MC members (the Trustees) and of senior staff of the Centre can be found on page 1.
There are four principal partner organisations of the Centre. The Wellingborough United Reformed Church (URC), High Street, Wellingborough, owns the building in which the Centre operates, leasing it to the Centre at a peppercorn rent. The other founder member of the Centre, the Northamptonshire Rights and Equality Council (NREC), now engages only through membership of the MC. The Centre buys in financial services from Central Computers Manchester Ltd (Livepay) and its accountant, AR Business Consultancy Ltd, Barton Seagrave, Northants.
## **2 Structure, Governance and Management**
The Victoria Centre is governed through a written constitution, the objectives of which are at Paragraph 3 below. The MC described above is elected at the AGM. It comprises four members elected by the general membership, two nominated by the URC, two from the Borough Council of Wellingborough (BCW), two from Northamptonshire County Council (NCC) and two from the NREC. In addition, the MC may co-opt up to four members. The four officers, Chair, Vice-Chair, Secretary and Treasurer, are also elected at the AGM. All have equal voting rights at MC meetings. Senior staff also attend but do not have voting rights. During 2020-21 there were various resignations and appointments (see list on Page 1).
The mangement of the Centre was led by the Centre Manager, Marion Turner-Hawes. Throughout the period the centre employed an average of 9 staff.
The programme of the Centre is outlined in a strategic plan with business plans for each area of work. The plans are approved by the MC and there are service level agreements with all major funders. The policies of the Centre are regularly reviewed by the MC and amended as appropriate. The principal risks faced by the Centre are regularly reviewed by the MC and action taken to mitigate their impact. Key risks are the age of the building and the continued climate of financial austerity, exacerbated by the Covid-19 pandemic, which affects all aspects of Centre revenues. All appropriate insurances are in place.
## **3 Objective and Activities**
The main purpose of the Centre is set out in its constitution as follows: "To promote the benefit of all those living or working in the Borough of Wellingborough without distinction of age, gender, sexuality, colour, national or ethnic origin, disability, caring/dependent responsibilities, political or religious opinions or for any other unjustifiable reason. This will be achieved by association with the local authorities, organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation."
The Centre delivers these objectives by direct provision of facilities for children and young people, by providing an affordable and welcoming meeting place for community groups, especially those offering services to older people, by supporting and facilitating inter-faith activity and by offering incubation help, support and premises from emerging groups, particularly from disadvantaged or newly-arrived communities.
## **4 Reserve policy statement**
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (Free Reserves) held by the Charity should be £50,000. This equates to approximately three months' general expenditure and at this level they feel that they would be able to continue the current activities of the Centre. This situation is regularly monitored along with continually seeking additional sources of income to help fund the community projects undertaken. As at 31st March 2021, the Charity's free reserves amounted to £131,367.
2
## **5 Achievements and performance**
It is a testament to our dedication to the community that despite the demands from the Covid19 pandemic we continued to provide Child Care Services to local people from a wide range of different cultural and racial backgrounds. Most of our regular hirers were unfortunately not, due to the pandemic, able to access the rooms they had previously used. Instead, during that time, our Centre Manager, Marion Turner-Hawes, did access large sums of funds from different sources, including notably The National Lottery and Power To Change. These have been used to support the basic fabric of the Centre until mid-Summer 2021 when restrictions started to be eased.
During the pandemic, our Centre Manager oversaw the One Wellingborough initiative which assisted a huge number of local people when they were most vulnerable due to Covid19. We worked closely with the Borough Council of Wellingborough and Glamis Hall in delivering vital services. During late 2020 a number of smaller, short-term Projects were created to help people come together again as the restrictive aspects of the pandemic started to lift. Marion also helped set up a Community Resilience Forum which had many partners, covering the arts and community action. This provided a voice for the disparate community groups across the town.
In September 2020 we recruited two talented Administrators to add to the fundraising and strategic skills of our Centre Manager, and our Child Care Head of Services, Marta Jankowska, continues to provide a fantastic service through a flexible team of superb child-care staff.
## **6 Financial Review**
The full financial details for the year are contained in the following pages, but in summary, although total income increased greatly, this was entirely due to the large amount of grant funding secured. This resulted in a healthy surplus which enabled the Centre to continue into the new financial year. This has, again, been a very challenging period for the Centre due to the pandemic adding to the insecurities caused by the departure and now prosecution of the previous Manager. The accessibility of grant-based funds plus the support from the Government's furlough scheme have enabled us to continue. The time, however, has arrived for the Centre to seriously focus on re-establishing its pre-pandemic services. No amount of structural or strategic wishful thinking can substitute the mundane reality that regaining our supporters and widening our income-generating activities is our number one priority.
It would be remiss not to pay tribute to just how well the duo of Sharon Green and Caroline Coles have done in keeping the Centre going - especially so in the absence of Marion who unfortunately was absent for a long period due to illness. I would especially like to express my appreciation to the determination and staying power of my fellow Trustees in dealing with endless long-drawn-out Zoom meetings. Finally to the work of Brian Emerson - our Treasurer, who has given much more than just time and expert attention. We wish him and Lesley a 'Bonne Vie' at their home in France.
## **7 Plans for the Future**
By March 2021 it became rapidly clear that 'normality' was still a long way off. The artificiality of being dependent upon Lottery and other funds has started to be replaced by service delivery. A Business Plan will be constructed which is both costed and SMART - a document which is a true guiding light to stability and full viability. To achieve this stability we will need to find a replacement for Marion Turner-Hawes who has played a vital role in finding funds and addressing many of our structural deficiencies. We wish her well and thank her dearly.
Also we must find new Finance/Administrator staff to replace Caroline and Sharon who leave to take up new challenges. Good luck and thanks to them. Other than the challenge of bringing back services, we will also need a good Caretaker and a fresh look at how the Board of Trustees functions together with its 'representative' structure. We are now working within the realms of new Local Authorities with their own priorities which have to be considered. Fundamentally, we must be good at what we have always done - clear-headedly being senstive and receptive to the needs of different communities in Wellingborough.
## **8 Funds held as custodian trustees for others**
During 2020-2021 the Centre held no funds on behalf of others. Richard Jackson - Chair 12th October 2021 3
3
## **INDEPENDENT EXAMINER'S QUALIFIED REPORT TO THE TRUSTEES OF VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
I report on the accounts of the Charity for the year ended 31st March 2021 which are set out on the following pages.
## **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 (2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a Chartered Management Accountant.
It is my responsibility to:-
- examine the accounts under section 145 of the 2011 Act
- follow procedures laid down in the general directions given under section 145(5)(b) of th 2011 Act
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning such matters.
## **Independent examiner's statement**
I am pleased to report that this year's accounts do not need to be qualified, as last year's were due to fraudulent activity. With the exception of a relatively small amount of customer balances written off (£1997), I am satisfied that there are no further financial implications of the fraud or of previous inaccurate bookkeeping.
However, this financial period was unusual for two reasons. The first was that for the whole period, the country was under some form of restriction due to the Covid-19 pandemic, and the second was the unusually high amount of grants received. Some of these (£39,429) were directly related to Covid and were in addition to the furlough payments received from HMRC (£20,884). Not including Covid-related income, grants of £248,006 were received, compared to £26,477 in 2020. However, due to the restrictions, only £70,788 was received for childcare services compared to £123,608 in 2020 and there was no income from lettings (2020 £63,652).
In contrast, expenditure on overheads was broadly similar to 2020 and almost entirely funded by grants and Covidrelated income. The high level of grant income also allowed capital purchases of £20,453 to be made.
At year end, the Centre had healthy cash reserves of £141,125 (2020 £32,890), of which, £21,699 related to balances to be spent against restricted and designated grants. The funds carried forward of £151,226 are a significant improvement on the 2020 balance of £8,648 and put the Centre on a much sounder footing for the year ahead.
During the year, the Centre moved to a new Sage accounting system and employed two new members of staff who worked on entering and reconciling all the financial data. Also, new policies and procedures were put in place to ensure that there could be no repeat of historical misdemeanours. These have made a huge difference to the financial integrity of the Centre and I was easily able to locate and cross reference supporting documents for every transaction that I checked as part of the Independent Examination.
I am satisfied that these accounts represent a true and accurate reflection of the Centre's financial position.
A R Business Consultancy Ltd
62 Polwell Lane, Barton Seagrave, Kettering, Northamptonshire, NN15 6UB 29th September 2021
4
**VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Income from:**
Donations and Legacies
**Charitable activities**
Investments
**Total Income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income/(expenditure)**
Transfers between funds
**Net movement of funds**
**Reconciliation of funds:**
Total funds brought forward 1 April 2020
**Total funds carried forward 31 March 2021**|**Notes**
2
3||**Unrestricted**
**Funds**
**£**
2,433
199,094
27
**201,554**
78,583
**78,583**
**122,971**
-
122,971
8,396
**131,367**||**Restricted**
**Funds**
**£**
-
198,680
**198,680**
179,073
**179,073**
**19,607**
-
19,607
252
**19,859**||**Total**
**2020-2021**
**£**
2,433
397,774
27
**400,234**
257,656
**257,656**
**142,578**
-
142,578
8,648
**151,226**||**Total**
**2019-2020**
**£**
9,598
221,455
51|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||||||||**231,104**|
||||||||||289,664|
||||||||||**289,664**|
||||||||||**(58,560)**
-
(58,560)
67,208|
||||||||||**8,648**|
5
## **VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215 BALANCE SHEET AS AT 31 MARCH 2021**
|**Notes**
**Fixed assets**
5
**Current assets**
Debtors
6
Bank
**Creditors**
Amounts falling due within one year
7
Net current assets
Net assets
**Charity funds**
Unrestricted funds
9
Restricted funds
10|**£**
**£**
20,453
12,325
141,125
**153,450**
22,677
130,773
151,226
131,367
19,859
151,226
**2021**|**2020**|**2020**|
|---|---|---|---|
||**£**
12,325
141,125|**£**
15,138
32,890|**£**
557
8,091|
||**153,450**|**48,028**||
||22,677|39,937||
||||8,648|
||||8,396
252|
||||8,648|
The financial statements were approved and authorised for issue by the Management Committee on 27th October 2021
Signed on behalf of the Board of Trustees
….............................................................. Richard Jackson (Chair)
….............................................................. Gill Mercer (Secretary)
6
**VICTORIA CENTRE**
**REGISTERED CHARITY NUMBER 278215**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021**
## **1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
## **(a) General Information**
The Victoria Centre is a charity regisitered in the United Kingdom. The address is shown on page 1. The nature of the charity's operations and principal activities are detailed in the Trustees' Report. The charity constitutes a public benefit entity as defined by FRS102.
## **(b) Basis of accounting**
The financial statements have been prepared under the historical cost convention in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in 2015 (FRS102) and in line with UK Accounting Standards and the Charities Act 2011. The charity has applied Update Bulletin 1 as published in February 2016 and does not include a cashflow statement on the grounds that it is applying FRS1021A.
## **(c) Incoming Resources**
## **Donations and legacies**
Donations, legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
## **Investment income**
Interest is brought into account on a receivable basis.
## **Income from Charitable Activities**
Income from Charitable Activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions and is recognised as earned. Grant income in this category provides funding to support performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
## **(d) Expenditure**
Expenditure is recongnised when a liability is incurred.
Costs of Generating Funds are those costs incurred in attracting voluntary income.
Charitable Activities includes expenditure associated with the provision of facilities and services in the Centre that relate directly to the Charitable Objects.
Governance Costs include those incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements.
## **(e) Tangible Fixed Assets and Depreciation**
All tangible Fixed Assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition.
Depreciation is calculated to write down the cost or valuation of all tangible fixed assets over the expected useful lives.
Fixtures, Fittings & Equipment - 20% reducing balance
7
## **(f) Fund Accounting**
Funds held by the Charity are either:
Unrestricted general funds - which can be used in accordance with the Charitable Objects at the discretion of the MC.
Designated funds - set aside by the Trustees for specific future purposes or projects.
Restricted funds - that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **2 INCOME FROM CHARITABLE ACTIVITIES**
## **Grants and funding**
|**Grants and funding**||||||||
|---|---|---|---|---|---|---|---|
|Borough Council of Wellingborough (ICNA)
Scott Bader WHAGS
BCW - Small Grant
Tesco/Groundwork
Market Harborough Building Society
Gordon Trust
Northamptonshire Community Foundation
Scott Bader - Equipment (Designated)
DEFRA - Daylight Centre
National Lottery - Covid response
Power to Change - CCLORS
One Wellingborough + Community Resilience
One Wellingborough Urgent Support (Glamis)
BCW (1W Urgent Support part 1)
BCW (IT project)
BCW (Covid recovery grants)
Total Grants and Funding
**Other income**
Donations
Lettings (refunded deposits)
Childcare
Fundraising activities
Project work (Glamis Hall)
Covid related income (JRS Furlough)
Other income
**Total Income**||**Unrestricted**
**Funds**
**£**
11,326
-
5,000
-
-
-
-
-
33,000
-
39,429||**Restricted**
**Funds**
**£**
-
6,000
-
5,000
99,196
49,999
15,000
13,485
-
10,000
-||**2021**
**£**
11,326
-
-
-
-
-
6,000
5,000
5,000
99,196
49,999
15,000
13,485
33,000
10,000
39,429|**2020**
**£**
15,857
5,000
450
1,000
3,000
1,170
-
-
-
-
-
-
-
-
-
-|
|||||||||
||||**88,755**
2,433
(566)
70,788
19,216
20,884
17||**198,680**
-
-
-
-
-
-
-|**287,435**
2,433
(566)
70,788
-
19,216
20,884
17|**26,477**
9,598
63,652
123,608
828
2,261
-
4,629|
||||**201,527**||**198,680**|**400,207**|**231,053**|
8
**VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
|**3 EXPENDITURE:**
**Expenditure by income stream**
Big Lottery Fund - Diversity Project
Borough Council of Wellingborough (ICNA)
Northamptonshire Community Foundation
Scott Bader - Equipment (Designated)
DEFRA - Daylight Centre
National Lottery - Covid response
Power to Change - CCLORS
One Wellingborough + Community Resilience
One Wellingborough Urgent Support (Glamis)
BCW (1W Urgent Support part 1)
BCW (IT project)
BCW (Covid recovery grants)
Scott Bader WHAGS
Pre-School Learning Alliance
Heritage Lottery Fund
Lottery Grant Kitchen
BCW Small Grant
Non grant-related expenditure
Less capital expenditure
**Expenditure by type**
Childcare salaries and costs
Core salaries/NI/Pension
Utilities
Other premises costs, inc. refurbishment
Stationery, printing, telephone
Computer and IT costs
Equipment hire and expensed
Bank charges and interest paid
Luncheon Club/Fund raising
Subscriptions and licences
Insurance
Other costs
Depreciation
Donations (Feed the Need)
Amounts written off Customer balances
BCW ICNA expenditure
Local Projects (Glamis Hall/WEcoGroup)
**Governance**
Accountancy, payroll, DBS, OFSTED||**Unrestricted**
**Funds**
**£**
11,326
3,160
-
-
-
33,000
-
39,429
-
-
-
-
-|**Unrestricted**
**Funds**
**£**
11,326
3,160
-
-
-
33,000
-
39,429
-
-
-
-
-|**Restricted**
**Funds**
**£**
6,000
-
2,913
99,196
45,899
1,580
13,485
-
10,000
-|**Restricted**
**Funds**
**£**
6,000
-
2,913
99,196
45,899
1,580
13,485
-
10,000
-|**2021**
**£**
-
11,326
6,000
3,160
2,913
99,196
45,899
1,580
13,485
33,000
10,000
39,429
-
-
-
-
-|**2020**
**£**
153
15,857
774
764
9,106
10,000
450|
|---|---|---|---|---|---|---|---|
|||||||||
||||86,915
12,121
(2,711)||179,073
(17,742)|265,988
12,121
(20,453)|37,104|
||||**96,325**||**161,331**|**257,656**|**37,104**|
||||99,512
65,331
7,115
23,974
2,358
3,193
4,664
391
2,043
3,094
4,180
5,148
1,000
1,997
10,127
20,645|||99,512
65,331
7,115
23,974
2,358
3,193
4,664
391
-
2,043
3,094
4,180
5,148
1,000
1,997
10,127
20,645|82,513
74,067
-
29,047
2,639
1,504
525
1,427
2,627
3,935
2,350
612
139
-
13,907
-
36,380|
||||254,772
2,884||-
-|254,772
2,884|251,672
888|
||||**257,656**||**-**|**257,656**|**252,560**|
9
## **VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **4 STAFF COSTS**
|**4**
**STAFF COSTS**||||||
|---|---|---|---|---|---|
|Total gross wages
Redundancy pay
Employer's NI
Pension costs
Salaries allocated to restricted funds
**5**
**TANGIBLE FIXED ASSETS**
**Cost or Valuation**
As at 1st April 2020
Additions during year
As at 31st March 2021
**Depreciation**
As at 1st April 2020
Charge for the year
As at 31st March 2021
**Net Book Value**
As at 31st March 2020
**As at 31st March 2021**
**6**
**DEBTORS**
Due from users and clients
Prepayments
Other debtors
**7**
**CREDITORS**
Trade creditors
Deferred income
Accruals
Social security, wages and pension
Loans|**Fixtures, Fittings**
**& Equipment**
**£**
41,139
25,044
66,183
40,582
5,148
45,730
557
**20,453**||**2021**
**£**
149,747
6,980
4,929
1,634
(80,861)
**82,429**
**2021**
**£**
41,139
25,044
66,183
40,582
5,148
45,730
557
**20,453**
**2021**
**£**
6,136
6,189
**12,325**
1,567
2,029
3,435
2,153
13,493
**22,677**||**2020**
**£**
161,500
-
9,270
5,044
(24,323)|
||||||**151,491**|
||||||**2020**
**£**
40,443
696|
|||||||
||||||41,139|
||||||40,443
139|
||||||40,582|
||||||-|
||||||**557**|
||||||**2020**
**£**
13,124
2,014
-|
||||||**15,138**|
||||||5,234
3,175
9,035
22,493|
||||||**39,937**|
## **8 TRUSTEES**
The trustees are the members of the Management Committee. During the year, 18 members (2020, 17) served on the committee. Expenses paid to trustees totalled £0 (2020, £0). No remuneration was paid to any trustee.
10
**VICTORIA CENTRE**
## **REGISTERED CHARITY NUMBER 278215**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
|**9 UNRESTRICTED FUNDS**
**Designated Funds**
Scott Bader Equipment
General Reserves
**10 RESTRICTED FUNDS**
Scott Bader WHAGS
NCF
DEFRA - Daylight Centre
Power to Change - CCLORS
National Lottery
One Wellingborough Plus
One Wellingborough Urg Suppt
BCW IT|**Balance at**
**1 April 2020**
**£**
-||**Incoming**
**Resources**
**£**
5,000||**Resources**
**Expended**
**£**
(3,160)
(3,160)
(75,423)
**(78,583)**
(6,000)
(2,913)
(45,899)
(99,196)
(1,580)
(13,485)
(10,000)
**(179,073)**||**Transfers**
**Between**
**Funds**
**£**
-|**Transfers**
**Between**
**Funds**
**£**
-||**Balance at**
**31 Mar 2021**
**£**
1,840|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
||-
8,396||5,000
196,554|||||-
-||1,840
129,527|
||**8,396**||**201,554**|||||**-**||**131,367**|
||252||6,000
5,000
49,999
99,196
15,000
13,485
10,000|||||||252
-
2,087
4,100
-
13,420
-
-|
||**252**||**198,680**|||||**-**||**19,859**|
## **11 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**£**
2,711
133,591
(22,677)||**Restricted**
**£**
17,742
19,859
**37,601**||**2021**
**£**
20,453
153,450
(22,677)||**2020**
**£**
557
48,028
(39,937)|
|---|---|---|---|---|---|---|---|
||**113,625**||||**151,226**||**8,648**|
11