CHARITY REGISTRATION NUMBER: 303093
Isleworth Explorers Club Unaudited Financial Statements
31 August 2021
SHAW WALLACE
Chartered accountants 43 Manchester Street London W1U 7LP
Isleworth Explorers Club
Financial Statements
Year ended 31 August 2021
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Isleworth Explorers Club
Trustees' Annual Report
Year ended 31 August 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2021.
Reference and administrative details
Registered charity name Isleworth Explorers Club Charity registration number 303093 Principal office Twickenham Road Isleworth Middlesex TW7 7EU
The trustees
S Devlin - Chairman L McGrandles - Vice Chairman D Holmes D Collins S Parker A S Smith N Subeathar
The trustees who served the charity during the period were as follows:
Company secretary A S Smith Independent examiner Hitesh Gadhia ACA 43 Manchester Street London W1U 7LP
Structure, governance and management
Isleworth Explorers Club is a voluntary youth organisation which was officially opened on 20 October 1969. The club is an unincorporated trust and is governed by its constitution. It became a registered charity on 8 July 1968, number 303093.
Trustees are elected and are responsible for the overall governance of the club. The club has 7 trustees who form the management committee which meets with the club leader on a frequent basis to review the club's areas of activity and formulate strategy.
The club employs 15 members of staff: it also benefits from the support provided by 2 volunteers. The club leader is responsible to the management committee for the day to day operations of the club.
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Isleworth Explorers Club
Trustees' Annual Report (continued)
Year ended 31 August 2021
Objectives and activities
Isleworth Explorers Club is a purpose built youth centre which provides a range of activities for young people within the age range of 4 to 24 years. The club provides youth sessions for juniors (5-12} and seniors(12-16),and children with special needs and disabilities (5-14).We also run a childcare project for ages 4 to 11 incorporating a breakfast club, an after school club and a holiday play scheme. There is also a transition club for ages 14 to 24. Additionally, we have an out of club programme offering day trips to all groups.
The aim of the club is to promote the social wellbeing of members who are residents in or near the London Borough of Hounslow, and to encourage their physical, mental and moral development so that they may grow to full maturity as individuals and members of society.
The club also aims to provide activities to the young that promote a healthy lifestyle. The club has designed programmes to develop health and fitness in a safe environment.
Achievements and performance
The whole of the financial year was subject to Covid 19 restrictions, which makes it difficult to compare with previous periods. The club was opened for After School and Breakfast Clubs for 10 months and Summer Playscheme for 1 month.
Finances were buoyant with the main contributions from - Grants £68,958, Day Nursery £48,528, After School Club £32,426, Breakfast Club £9,521, Playscheme £12,234, and Furlough Payments £54,928.
During the period of closure the opportunity was taken to ensure that housekeeping work was up to date, repairs and renewals were carried out as necessary and the minibuses were serviced and kept road ready
The club enjoys membership of London Youth, the county association, and The National Association of Clubs for Young People.
Financial review
The club is reliant on donations and grants, the incomes from which were £68,958 (2020: £36,945). Incoming resources from activities for generating funds were £159,055 (2018: £182,034). For the year ended 31 August 2021, a surplus of £12,949 has been achieved (2020: deficit of £3,912). At the end of the financial year net current assets were £1151,242 (2020: £125,936).
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Isleworth Explorers Club
Trustees' Annual Report (continued)
Year ended 31 August 2021
Plans for future periods
The club is totally self funded and heavily reliant on grants and donations from charitable trusts and others. The trustees and the club leader will continue to play a leading role in the ongoing search for funds to enable the club to continue its vital work for the community. A professional fund-raiser is employed.
The Club Leader has kept on top of the maintenance work and statutory requirements at the club and has continued to ensure that the vehicles are fully ready for use : He has also produced a handbook to act as a guide for new members of staff and volunteers and as a point of reference for established staff.
Plans are being made to appoint a coordinator for the Mixed Ability and Transition Clubs
The club has opened most areas now and the Mixed Ability Club is expected to open soon and complete the picture. Numbers of members attending Junior and Senior Clubs are very promising.
We are facing rising costs and have taken robust measures to counter this by increasing our prices in selected areas. We have received 3 grants totalling £45000 so far this year with more in the pipeline.
Reserves Policy
The club has in place a reserves policy to meet unexpected demands on its finances and to provide for unforeseen opportunities. The level of reserves is reviewed and set by the management committee at the AGM, but is also monitored during the year at our quarterly meetings. The amount of reserves is based on history and forecasts of future income and expenditure. £35,000 was allocated as reserves for the financial year based on 2-3 months expected running costs. The reserves are unrestricted funds held in the CAF 60 Day Notice Account.
The trustees' annual report was approved on 1 June 2022 and signed on behalf of the board of trustees by:
D Holmes Trustee
A S Smith Charity Secretary
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Isleworth Explorers Club
Independent Examiner's Report to the Trustees of Isleworth Explorers Club
Year ended 31 August 2021
I report to the trustees on my examination of the financial statements of Isleworth Explorers Club ('the charity') for the year ended 31 August 2021.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
Hitesh Gadhia ACA Independent Examiner
43 Manchester Street London W1U 7LP
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Isleworth Explorers Club
Statement of Financial Activities
Year ended 31 August 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Voluntary income | 4 | – | 68,958 | 68,958 | 36,945 |
| Activities for generating funds | 5 | 159,055 | – | 159,055 | 182,034 |
| Investment income | 6 | 471 | – | 471 | 589 |
| ───────── | ──────── | ───────── | ───────── | ||
| Total income | 159,526 | 68,958 | 228,484 | 219,568 | |
| ═════════ | ════════ | ═════════ | ═════════ | ||
| Expenditure | |||||
| Costs of generating funds: | |||||
| Fundraising costs | 7 | 9,896 | – | 9,896 | 6,986 |
| Expenditure on charitable activities | 8,9 | 144,467 | 61,172 | 205,639 | 216,494 |
| ───────── | ──────── | ───────── | ───────── | ||
| Total expenditure | 154,363 | 61,172 | 215,535 | 223,480 | |
| ═════════ | ════════ | ═════════ | ═════════ | ||
| ───────── | ──────── | ───────── | ───────── | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 5,163 | 7,786 | 12,949 | (3,912) | |
| ═════════ | ════════ | ═════════ | ═════════ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 405,398 | 45,662 | 451,060 | 454,971 | |
| ───────── | ──────── | ───────── | ───────── | ||
| Total funds carried forward | 410,561 ═════════ |
53,448 ════════ |
464,009 ═════════ |
451,060 ═════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 form part of these financial statements.
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Isleworth Explorers Club
Statement of Financial Position
31 August 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 14 | 312,767 | 325,123 | |
| Current assets | ||||
| Stocks | 15 | 955 | 472 | |
| Debtors | 16 | 524 | 436 | |
| Cash at bank and in hand | 152,968 | 130,323 | ||
| ───────── | ───────── | |||
| 154,447 | 131,231 | |||
| Creditors: amounts falling due within one year | 17 | 3,205 | 5,295 | |
| ───────── | ───────── | |||
| Net current assets | 151,242 | 125,936 | ||
| ───────── | ───────── | |||
| Total assets less current liabilities | 464,009 | 451,059 | ||
| ───────── | ───────── | |||
| Net assets | 464,009 | 451,059 | ||
| ═════════ | ═════════ | |||
| Funds of the charity | ||||
| Restricted funds | 53,448 | 45,661 | ||
| Unrestricted funds | 410,561 | 405,399 | ||
| ───────── | ───────── | |||
| Total charity funds | 18 | 464,009 ═════════ |
451,060 ═════════ |
These financial statements were approved by the board of trustees and authorised for issue on 1 June 2022, and are signed on behalf of the board by:
D Holmes Trustee
The notes on pages 7 to 15 form part of these financial statements.
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Isleworth Explorers Club
Notes to the Financial Statements
Year ended 31 August 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Twickenham Road, Isleworth, Middlesex, TW7 7EU.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Isleworth Explorers Club
Notes to the Financial Statements (continued)
Year ended 31 August 2021
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
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Isleworth Explorers Club
Notes to the Financial Statements (continued)
Year ended 31 August 2021
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property - Over period of lease Motor vehicles - 25% straight line Fixtures & equipment - 25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks which consist mainly of snacks and soft drinks are valued at the lower of cost and net realisable value.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
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Isleworth Explorers Club
Notes to the Financial Statements (continued)
Year ended 31 August 2021
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Voluntary income
| Restricted | Total Funds | Restricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Grants | |||||
| Grants receivable | 68,958 | 68,958 | 36,945 | 36,945 | |
| 5. | Activities for generating funds | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Subscriptions | – | – | 7,888 | 7,888 | |
| Canteen and shop | – | – | 4,111 | 4,111 | |
| Breakfast club | 9,521 | 9,521 | 12,330 | 12,330 | |
| Lettings | 48,528 | 48,528 | 51,568 | 51,568 | |
| After school clubs | 32,426 | 32,426 | 45,129 | 45,129 | |
| Playschemes | 12,234 | 12,234 | 17,896 | 17,896 | |
| Outings and adventures | – | – | 140 | 140 | |
| Other | 1,418 | 1,418 | 68 | 68 | |
| Furlough support | 54,928 | 54,928 | 42,904 | 42,904 | |
| ───────── | ───────── | ───────── | ───────── | ||
| 159,055 | 159,055 | 182,034 | 182,034 | ||
| ═════════ | ═════════ | ═════════ | ═════════ |
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Isleworth Explorers Club
Notes to the Financial Statements (continued)
Year ended 31 August 2021
6. Investment income
| 6. | Investment income | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 471 | 471 | 589 | 589 | |
| ════ | ════ | ════ | ════ | ||
| 7. | Fundraising costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Fundraising costs | 9,896 | 9,896 | 6,986 | 6,986 | |
| ═══════ | ═══════ | ═══════ | ═══════ | ||
| 8. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Charitable activities | 122,968 | 44,584 | 167,552 | ||
| Support costs | 21,499 | 16,588 | 38,087 | ||
| ───────── | ──────── | ───────── | |||
| 144,467 | 61,172 | 205,639 | |||
| ═════════ | ════════ | ═════════ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Charitable activities | 153,326 | 21,108 | 174,434 | ||
| Support costs | 41,795 | 264 | 42,060 | ||
| ───────── | ──────── | ───────── | |||
| 195,121 | 21,372 | 216,494 | |||
| ═════════ | ════════ | ═════════ |
9. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2021 | 2020 | |||
| £ | £ | £ | £ | ||
| Charitable activities | 167,552 | – | 167,552 | 174,434 | |
| Governance costs | – | 38,087 | 38,087 | 42,060 | |
| ───────── | ──────── | ───────── | ───────── | ||
| 167,552 | 38,087 | 205,639 | 216,494 | ||
| ═════════ | ════════ | ═════════ | ═════════ | ||
| 10. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after | charging/(crediting): | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 12,356 ════════ |
12,599 ════════ |
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Isleworth Explorers Club
Notes to the Financial Statements (continued)
Year ended 31 August 2021
11. Independent examination fees
| Year ended 31 August 2021 Independent examination fees |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,400 ═══════ |
2,400 ═══════ |
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 138,223 | 139,759 |
| Social security costs | 3,722 | 4,233 |
| ───────── | ───────── | |
| 141,945 ═════════ |
143,992 ═════════ |
The average head count of employees during the year was 15 (2020: 19).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
13. Trustee remuneration and expenses
During the year gross remuneration including expenses of £2,118 was paid to the trustees for their involvement in the charitable activities. No pension contribution was made by the club.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| David Holmes | 2,118 | 2,150 |
| A.S. Smith | – | 240 |
| ─────── | ─────── | |
| 2,118 ═══════ |
2,390 ═══════ |
14. Tangible fixed assets
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Land and | Motor | |||
| buildings | vehicles | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 September 2020 and | ||||
| 31 August 2021 | 463,464 | 70,121 | 79,885 | 613,470 |
| ═════════ | ════════ | ════════ | ═════════ | |
| Depreciation | ||||
| At 1 September 2020 | 149,905 | 59,528 | 78,914 | 288,347 |
| Charge for the year | 6,817 | 5,297 | 242 | 12,356 |
| ───────── | ──────── | ──────── | ───────── | |
| At 31 August 2021 | 156,722 | 64,825 | 79,156 | 300,703 |
| ═════════ | ════════ | ════════ | ═════════ | |
| Carrying amount | ||||
| At 31 August 2021 | 306,742 | 5,296 | 729 | 312,767 |
| ═════════ | ════════ | ════════ | ═════════ | |
| At 31 August 2020 | 313,559 | 10,593 | 971 | 325,123 |
| ═════════ | ════════ | ════════ | ═════════ |
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Isleworth Explorers Club
Notes to the Financial Statements (continued)
Year ended 31 August 2021
15. Stocks
| 15. | Stocks | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| £ | £ | ||||
| Canteen stock | 955 | 472 | |||
| ════ | ════ | ||||
| 16. | Debtors | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Prepayments and accrued income | 524 | 436 | |||
| ════ | ════ | ||||
| 17. | Creditors: amounts falling due within one year | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Accruals and deferred income | 1,031 | 3,274 | |||
| Social security and other taxes | 2,174 | 2,021 | |||
| ─────── | ─────── | ||||
| 3,205 | 5,295 | ||||
| ═══════ | ═══════ | ||||
| 18. | Analysis of charitable funds | ||||
| Unrestricted funds | |||||
| At | At | ||||
| 1 September | 31 August 20 | ||||
| 2020 | Income | Expenditure | 21 | ||
| £ | £ | £ | £ | ||
| General funds | 405,398 | 159,526 | (154,363) | 410,561 | |
| ═════════ | ═════════ | ═════════ | ═════════ | ||
| At | At | ||||
| 1 September | 31 August 20 | ||||
| 2019 | Income | Expenditure | 20 | ||
| £ | £ | £ | £ | ||
| General funds | 424,883 | 182,623 | (202,107) | 405,399 | |
| ═════════ | ═════════ | ═════════ | ═════════ |
- 13
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Isleworth Explorers Club
Notes to the Financial Statements (continued)
Year ended 31 August 2021
18. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 September | 31 August 20 | |||
| 2020 | Income | Expenditure | 21 | |
| £ | £ | £ | £ | |
| Jack Petchey Achievement Award | ||||
| Scheme | 1,301 | – | – | 1,301 |
| National Lottery - Community Fund | 10,000 | – | – | 10,000 |
| LB Hounslow - Thriving Communities | 9,695 | – | – | 9,695 |
| Part Time Youth Workers Sessions | ||||
| (London Borough of Hounslow) | 10,048 | – | – | 10,048 |
| Rausing Trust | – | 10,000 | (10,000) | – |
| Youth Covid Support | – | 23,958 | (23,958) | – |
| Core Costs (Garfield Weston | ||||
| Foundation) | 1,464 | 25,000 | (25,000) | 1,464 |
| Mixed Ability Club (Robert McAlpine) | 4,860 | – | – | 4,860 |
| Big Lottery Fund - Awards for all (Air | ||||
| Conditioning) | 1,144 | – | (264) | 880 |
| National Lottery - Awards for all | 7,150 | – | – | 7,150 |
| Covid Consequence | – | 10,000 | (1,950) | 8,050 |
| ──────── | ──────── | ──────── | ──────── | |
| 45,662 | 68,958 | (61,172) | 53,448 | |
| ════════ | ════════ | ════════ | ════════ | |
| At | At | |||
| 1 September | 31 August 20 | |||
| 2019 | Income | Expenditure | 20 | |
| £ | £ | £ | £ | |
| Jack Petchey Achievement Award | ||||
| Scheme | 916 | 2,250 | (1,865) | 1,301 |
| National Lottery - Community Fund | – | 10,000 | – | 10,000 |
| LB Hounslow - Thriving Communities | – | 9,695 | – | 9,695 |
| Part Time Youth Workers Sessions | ||||
| (London Borough of Hounslow) | – | 15,000 | (4,952) | 10,048 |
| Rausing Trust | – | – | – | – |
| Transition Club (St James's Place | ||||
| Foundation) | 2,150 | – | (2,150) | – |
| Core Costs (Garfield Weston | ||||
| Foundation) | 6,167 | – | (4,703) | 1,464 |
| Mixed Ability Club (Robert McAlpine) | 9,447 | – | (4,588) | 4,859 |
| Big Lottery Fund - Awards for all (Air | ||||
| Conditioning) | 1,408 | – | (264) | 1,144 |
| National Lottery - Awards for all | 10,000 | – | (2,850) | 7,150 |
| ──────── | ──────── | ──────── | ──────── | |
| 30,088 ════════ |
36,945 ════════ |
(21,372) ════════ |
45,661 ════════ |
- 14 -
Isleworth Explorers Club
Notes to the Financial Statements (continued)
Year ended 31 August 2021
19. Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 312,767 | – | 312,767 |
| Current assets | 100,999 | 53,448 | 154,447 |
| Creditors less than 1 year | (3,205) | – | (3,205) |
| ───────── | ──────── | ───────── | |
| Net assets | 410,561 | 53,448 | 464,009 |
| ═════════ | ════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 325,123 | – | 325,123 |
| Current assets | 85,570 | 45,661 | 131,231 |
| Creditors less than 1 year | (5,295) | – | (5,295) |
| ───────── | ──────── | ───────── | |
| Net assets | 405,398 | 45,661 | 451,059 |
| ═════════ | ════════ | ═════════ |
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