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2021-03-31-accounts

Company no. 01896672 Charity no. 291476

Gathering Voices Limited Report and Unaudited Financial Statements

31 March 2021

Gathering Voices Limited

Reference and administrative details

For the year ended 31 March 2021

Company number 01896672 Charity number 291476 Registered office 39 Quantock Road Bristol England BS3 4PQ Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Isobel Beazley Elspeth Eastwood Appointed 09 November 2020 Clive Harry Hannah Klewin Chair Eilis McEwen Phoebe Pearce Resigned 09 November 2020 Nicholas Spollin Secretary Sophie Townend Bankers Triodos Bank CAF Bank Ltd 11 The Promenade 25 Kings Hill Avenue Clifton Kings Hill Bristol West Malling BS8 3NN Kent ME19 4JQ Solicitors Faegre & Benson LLP 7 Pilgrim Street London EC4V 6LB Independent Godfrey Wilson Limited examiners Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

1

Gathering Voices Limited

Report of the trustees

For the year ended 31 March 2021

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Objectives and activities

The charity's objectives and principal activities are:

The advancement of education and learning amongst the public generally and more particularly amongst those engaged in the fields of training and education, whether general, professional or technical.

The main objectives and activities for the year, as previously, are to continue to focus upon the provision of creative projects for children and young people focussing primarily, but not exclusively, on music and performing arts.

The fundamental ethos of the charity's work is to provide children and young people with educative and inspirational experiences that significantly improve learning capabilities, creativity, group working, communication skills and self-esteem.

Achievements and performance

Covid-19

With the country entering full lockdown just as this financial period began (26 March 2020) it was necessary for all Gathering Voices programmes and projects to be re-assessed. Despite difficulties faced by the Covid-19 pandemic, Gathering Voices was able to move the majority of in person delivery with existing groups online following the Easter break, allowing work to continue in a safe way with no significant break in service. Where programmes could continue with existing Creative Associates the changing Covid-19 landscape was monitored regularly in order to adjust programmes accordingly. For example, following the easing of lockdown restrictions on 14 August 2020 we were able to run a series of socially distanced live events in PrintWorks - one of the empty factory spaces at ‘The Works’. The music, dance, theatre and screenings of ‘Scratch at a Distance’ attracted an audience of over 400 during ten days of shows.

Factory 8

Factory 8 is Gathering Voices’ centre of creativity and wellbeing in the heart of BS3 and the base for much of our work with children and young people. The Bonus Room is a community hireable space which hosts regular evening and weekend users with activities including community choirs, adult and youth theatre workshops and rehearsals, community meetings and personal and professional development workshops.

Our plans for this period to develop existing initiatives and new projects created and delivered alongside a growing number of Creative Associates were stalled by multiple Covid lockdowns and in particular the very tough restrictions imposed on performing arts activities due to the concern regarding airborne transmission via droplets which was believed to be particularly likely for performing arts activities.

2

Gathering Voices Limited

Report of the trustees

For the year ended 31 March 2021

Factory 8 was closed during the initial lockdown for the first 4 months of this reporting period (to 14 Aug 20), had restricted opening and operating for the next 2 months until the second lockdown (5 Nov 20), another brief period of restricted opening and operating from 3 Dec 20 to 6 Jan 21, after which all activities ceased until April 21. In total, Factory 8 was only able to open and operate for approximately 3 months in this financial period.

We worked closely with all our Creative Associates, co-deliverers and partners to support them through this period of uncertainty to ensure all were given the best chance of being in a position to resume activities as and when allowed.

The Works - Creative Associate, Outreach and Leadership Programme

The Works consists of three diverse disused light industrial and commercial sites and is the base for much of our Creative Associate, Outreach and Leadership Programme. This Creative Development programme has been bringing life back to underused and vacant spaces in the heart of Bedminster (off East Street) since 2014 - re-purposing them to strengthen, diversify and regenerate this area of South Bristol by forming and supporting creative and digital communities.

Through creative workshops, masterclasses, supported spaces, mentoring, residencies, exhibitions, productions, screenings, professional development sessions and advocacy at The Works, Gathering Voices works alongside our Creative Associates to enable and promote sustainability amongst artists. In addition to providing opportunities for creative development across a wide range of disciplines including textiles, fine art, fashion, illustration, craft making, sculpture, visual and music production and performance, The Works also hosts free public creative activity for local people of all ages and abilities.

As there were no government directives to close light industrial buildings and due to the nature of The Works (i.e. very large and well ventilated) we were able to work with our Creative Associates at The Works to keep the buildings open in a safe and responsible manner. For those that could work from home and those most at risk, we were able to offer free/reduced rates to enable them to do so.

Within The Works and as restrictions for certain activities started to ease in July we implemented a new creative and mentoring strategy to set up and develop ‘TheWorksTheatre’ as a collaborative initiative for new writing and performance in music and theatre in unusual spaces – enable us to resume our performing arts activities in a limited way and to deliver part of funded programme (see Heritage Lottery below).

Singing and musical delivery to promote healthy creative and cohesive communities

3

Gathering Voices Limited

Report of the trustees

For the year ended 31 March 2021

Plans for 2020-21 were to continue to deliver these high quality vocal, musical and leadership activities, from one off workshops and regular sessions to children, young people, adults and intergenerational groups through open access public workshops and performances. However, as detailed above, due to Covid-19 work continued online with our existing members (except for NewRoots as it was not appropriate to deliver to this age group virtually) but new recruitment and development of new programmes was stalled throughout this period.

Heritage Lottery grant

In December 2019, Gathering Voices was awarded a 2-year project grant by Heritage Lottery to delivery ‘Futures Past’ - an inclusive, intergenerational, heritage based, creative social documentation project in the mixed demographic area of Bedminster.

The initial series of activities occurred in November 2019 but all subsequent activities with and for the public were stalled by Covid-19. We have been in contact with Heritage Lottery to discuss options and have received a 1-year extension on this programme (to the end of 2022).

Financial review

Income for the year totals £77,643 which is a 48% decrease on the previous year. Expenditure decreased by 57% to £38,059 giving rise to an overall surplus of £39,584 in the year ended 31 March 2021. There are net current assets of £105,300 as at 31 March 2021, and £102,401 of unrestricted funds.

Principal funding sources

The principal funding sources for the charity are currently fees receivable from services rendered, donations, grants and traded services as well as subscriptions from participants. The charity is in a continual process of investigating new grant possibilities from organisations that share a similar ethos.

Reserves policy

The charity does not have any employees or fixed overhead commitments. The trustees are committed to increasing the level of unrestricted reserves carried forward in order to maintain readily available reserves equivalent to 6 months of unrestricted expenditure. In a normal year this amounts to approximately £40,000 which has been met this year.

Plans for future periods

The beginning of the 2021-22 financial period is showing limited signs that re-opening and ability to recommence delivery in person but beyond continuing to deliver our current creative programmes and support our current Creative Associates, additional plans are on hold. We will continue to closely monitor the Covid-19 situation and resume activities and programmes as and when it is safe to do so. We are in contact with Bristol City Council to ensure that we are aware of any financial assistance that is available for businesses/charities impacted by Covid-19 restrictions.

4

Gathering Voices Limited

Report of the trustees

For the year ended 31 March 2021

▪ Factory 8:

We are currently in negotiation to secure a new 10-year lease at Factory 8 which gives us an additional guaranteed period to deliver our programmes. Negotiations with Bristol City Council were aided by the school understanding the value of having this type of community resource in such close proximity to extend their creative curriculum and as a source of out of school activities and we continue to look for ways to make creative collaboration.

▪ The Works:

Gathering Voices intends to vacate buildings that currently make up The Works (PrintWorks, Fabrication and Paradise Studios) at the end of June and are in negotiations for an 8,000 sq ft site on nearby 57 East St. All Creative Associates currently at Fabrication will relocate to the rear warehouse at 57 East St and we plan to use the front facing areas to deliver Futures Past when safe to resume. In addition, we have begun discussions with another developer to take a ‘meanwhile’ occupation of a 50,000 sq ft site in Willway St BS3 to replace The Works sites that we are vacating in order to continue our successful Creative Associate, Outreach and Leadership Programme.

Activities planned for the summer of 2021 are in place but with Bristol (and Bedminster in particular) seeing some of the highest rates of the Delta variant of the virus in the country plans to re-starting this project with the public in July 2021 have had to be postponed until later in the year.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 18 March 1985 and registered as a charity on 10 April 1985 under the name 'View to Learning Ltd'. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The company changed its name to 'Gathering Voices Ltd' on 6 April 2009.

Recruitment of trustees

The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. One third of the membership shall retire annually but shall be eligible for reelection.

All new trustees are given the Charity Commission's guide, 'The Essential Trustee', a copy of the Memorandum and Articles and the latest financial statements and Trustee Report. Trustees are signposted to publications produced by the Charity Commission and other relevant organisations including the NCVO.

Organisation

Gathering Voices' structure allows for a Council of Management of up to 10 members whose role is to meet quarterly and are responsible for the strategic direction and policy of the charity. At present the Council has seven members from a variety of backgrounds relevant to the work of the charity.

A scheme of delegation is in place and day to day responsibility for the provision of services rest with two members, trustees Nick Spollin and Hannah Klewin. They are responsible for ensuring that the Charity delivers the services specified and that key performance indicators are met. They are also responsible for the recruitment and supervision of project staff.

5

Gathering Voices Limited

Report of the trustees

For the year ended 31 March 2021

Public benefit

The trustees have had due regard to the Charity Commission guidance on public benefit in deciding what activities the charity should undertake and confirm that all the charity's activities are undertaken to further our charitable purposes for the public benefit .

Risk management

The Charity's modus operandi is to run on a project by project basis with specific and restricted funds assigned to each project. The charity has no permanent employees and therefore the risks are minimised. Risk assessments are carried out on a project by project basis and procedures are in place to ensure compliance with the health and safety requirements of project facilitators, volunteers and participants and all are made aware of our Child Protection Policy. It is a policy of the charity to make sure that all facilitators and volunteers over the age of 18 are appropriately CRB checked.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity 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. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Gathering Voices Limited

Report of the trustees

For the year ended 31 March 2021

Independent examiners

Godfrey Wilson Limited were appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 19 November 2021 and signed on their behalf by

Hannah Klewin

Hannah Klewin - Chair

7

Independent examiner's report

To the trustees of

Gathering Voices Limited

I report to the trustees on my examination of the accounts of Gathering Voices Limited (the charitable company) for the year ended 31 March 2021, which are set out on pages 9 to 18.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

William Guy Blake

Date: 22 November 2021 William Guy Blake ACA Member of the ICAEW For and on behalf of:

Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House

62 Prince Street Bristol BS1 4QD

8

Gathering Voices Limited

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2021

Restricted Unrestricted
Note
£
£
Income from:
Donations
3
-
11,269
Charitable activities
4
-
61,643
Investments
-
49
Total income
-
72,961
Expenditure on:
Charitable activities
7,693
25,684
Total expenditure
6
7,693
25,684
7
(7,693)
47,277
Reconciliation of funds:
Total funds brought forward
31,250
55,124
Total funds carried forward
23,557
102,401
Net income / (expenditure) and net
movement in funds		 2021
Total
£
11,269
61,643
49
72,961
33,377
33,377
39,584
86,374
125,958		 2020
Total
£
5,070
144,960
18
150,048
88,065
88,065
61,983
24,391
86,374

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 13 to the accounts.

9

Gathering Voices Limited

Balance sheet

As at 31 March 2021

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
11
Net current assets
Net assets
12
Funds
Restricted funds
13
Unrestricted funds
General funds
Total charity funds		 £
280
117,410
117,690
(12,390)		 2021
£
20,658
105,300
125,958
23,557
102,401
125,958		 2020
£
24,537
2,294
69,373
71,667
(9,830)
61,837
86,374
31,250
55,124
86,374

Total charity funds

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 19 November 2021 and signed on their behalf by

Hannah Klewin

Hannah Klewin - Chair

10

Gathering Voices Limited

Notes to the financial statements

For the year ended 31 March 2021

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Gathering Voices Limited 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 note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The trustees acknowledge that the COVID-19 pandemic has had a profound impact on the global economy, and has in turn affected the charity's service provision throughout 20/21. The charity holds unrestricted, general reserves of £102,401 and a cash balance of £117,441. Therefore the trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

11

Gathering Voices Limited

Notes to the financial statements

For the year ended 31 March 2021

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. All costs have been allocated to expenditure on charitable activities as there were no fundraising costs during the year.

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixtures and fittings 4 years straight line Leasehold improvements 10 years straight line

Items of equipment are capitalised where the purchase price exceeds £500.

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

j) Cash at bank and in hand

Cash at bank and cash 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.

k) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Financial instruments

The charitable company 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 recognised at amortised cost using the effective interest method.

m) Operating leases

Lease payments under an operating lease are recognised as an expense on a straight-line basis over the lease term.

12

Gathering Voices Limited

Notes to the financial statements

For the year ended 31 March 2021

n) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 key sources of estimation uncertainty that have a significant impact on the financial statements are depreciation as described in note 1h above.

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income and net movement in funds		 Restricted Unrestricted
£
£
-
5,070
31,250
113,710
-
18
31,250
118,798
-
88,065
-
88,065
31,250
30,733		 2020
Total
£
5,070
144,960
18
150,048
88,065
88,065
61,983

13

Gathering Voices Limited

Notes to the financial statements

For the year ended 31 March 2021

3. Income from donations

Subscriptions
Grants
Gift aid
Total income from donations		 Restricted
£
£
-
1,120
-
10,000
-
149
-
11,269
Unrestricted		 2021
Total
£
1,120
10,000
149
11,269		 2020
Total
£
4,076
-
994
5,070

All income from donations was unrestricted in the prior year.

4. Income from charitable activities

Creative resources and mentoring
Total income from charitable activities
Prior period comparative:
Heritage Lottery grant
Creative resources and mentoring		 Restricted
Unrestricted
£
£
-
61,643
-
61,643
Restricted Unrestricted
£
£
31,250
-
-
113,710
31,250
113,710		 2021
Total
£
61,643
61,643
2020
Total
£
31,250
113,710
144,960

5. Government grants

The charitable company received a government grant from Bristol City Council to fund charitable activities. The total value of such grants in the period ending 31 March 2021 was £10,000 (2020: £Nil). There are no unfulfilled conditions or contingencies attaching to this grant.

14

Gathering Voices Limited

Notes to the financial statements

For the year ended 31 March 2021

6. Total expenditure

Project costs
Premises costs
Publicity
Travel and subsistence
Professional fees
Depreciation
Bank charges
Insurance
Accountancy
Other governance
Sub-total
Total expenditure
Prior period comparative
Project costs
Premises costs
Maintenance and repairs
Publicity
Travel and subsistence
Professional fees
Depreciation
Bank charges
Insurance
Accountancy
Other governance
Sub-total
Total expenditure
Allocation of support and
governance costs
Allocation of support and
governance costs		 Charitable
activities
£
19,744
6,626
519
-
-
-
-
-
-
-
26,889
6,488
33,377
Charitable
activities
£
43,821
35,805
1,744
175
-
-
-
-
-
-
-
81,545
6,520
88,065		 Support
costs
£
-
-
-
328
134
3,879
263
731
-
-
5,335
(5,335)
-
Support
costs
£
-
-
-
-
402
200
3,879
123
727
-
-
5,331
(5,331)
-		 Governance
costs
£
-
-
-
-
-
-
-
-
1,140
13
1,153
(1,153)
-
Governance
costs
£
-
-
-
-
-
-
-
-
-
1,080
109
1,189
(1,189)
-		 2021 Total
£
19,744
6,626
519
328
134
3,879
263
731
1,140
13
33,377
-
33,377
2020 Total
£
43,821
35,805
1,744
175
402
200
3,879
123
727
1,080
109
88,065
-
88,065

15

Gathering Voices Limited

Notes to the financial statements

For the year ended 31 March 2021

7. Net movement in funds This is stated after charging:

Depreciation
Trustees' remuneration (note 13)
Trustees' reimbursed expenses
Independent examiners' remuneration:
Independent examination (including VAT)		 2021
£
3,879
15,580
Nil
1,140		 2020
£
3,879
38,250
Nil
1,080

8. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9. Tangible fixed assets

9.
Tangible fixed assets
£
£
Cost
At 1 April 2020 and at 31 March 2021
5,048
38,786
Depreciation
At 1 April 2020
5,048
14,249
Charge for the year
-
3,879
At 31 March 2021
5,048
18,128
Net book value
At 31 March 2021
-
20,658
At 31 March 2020
-
24,537
10. Debtors
2021
£
Gift aid
280
Fixtures and
fittings
Leasehold
improvements		 Total
£
43,834
19,297
3,879
23,176
20,658
24,537
2020
£
2,294

16

Gathering Voices Limited

Notes to the financial statements

For the year ended 31 March 2021

11. Creditors : amounts due within 1 year

11. Creditors : amounts due within 1 year
Accruals
12. Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2021
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2020
13. Movements in funds
Restricted funds
Heritage Lottery
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds		 At 1 April
2020
£
31,250
31,250
55,124
55,124
86,374		 £
-
23,557
-
23,557
£
-
31,250
-
31,250
Income
£
-
-
72,961
72,961
72,961
Restricted
funds
Restricted
funds		 2021
£
12,390
£
20,658
94,133
(12,390)
102,401
£
24,537
40,417
(9,830)
55,124
£
(7,693)
(7,693)
(25,684)
(25,684)
(33,377)
Unrestricted
funds
Unrestricted
funds
Expenditure		 2020
£
9,830
Total
funds
£
20,658
117,690
(12,390)
125,958
Total
funds
£
24,537
71,667
(9,830)
86,374
£
23,557
At 31 March
2021
23,557
102,401
102,401
125,958

17

Gathering Voices Limited

Notes to the financial statements

For the year ended 31 March 2021

13. Movements in funds (continued) Purposes of restricted funds

Heritage Lottery

This grant is restricted to the approved purposes and project costs for the Futures Past project; an inclusive, intergenerational, heritage based creative social documentation project in the mixed demographic area of Bedminster.

Prior period comparatives

Restricted funds
Heritage Lottery
Total restricted funds
Unrestricted funds
General funds
Total unrestricted funds
Total funds		 At 1 April
2019
£
-
-
24,391
24,391
24,391		 Income
£
31,250
31,250
118,798
118,798
150,048		 £
-
-
(88,065)
(88,065)
(88,065)
Expenditure		 £
31,250
At 31 March
2020
31,250
55,124
55,124
86,374

14. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years
More than 5 years		 2021
£
5,000
20,000
-
25,000		 2020
£
-
20,000
5,000
25,000

The charity has entered into a 10 year lease with Bristol City Council for the provision of premises to enable the charity to carry out its charitable objectives.

15. Related party transactions

During the year, two of the trustees, Hannah Klewin and Nick Spollin, invoiced the charity a total of £15,580 (2020: £38,250) for services provided. These payments are permitted within the charity's Memorandum of Association.

18