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2021-03-31-accounts

Registered charity number 508340

Water Adventure Centre

Financial Statements

For the year ended 31st March 2021

Water Adventure Centre

Report of the Executive Committee For the year ended 31 March 2021

The Exec presents its report and financial statements for the year ended 31[st] March 2021.

Reference and Administrative Information

Charity name Charity Registration Number 508340 Principal Office The Old Boathouse Fairfield Locks Off Maddison Road Droylsden Manchester M43 6ES

Water Adventure Centre

Executive Committee

John Byrne Chair Elizabeth Quartey Treasurer/ Deputy Chair Allan Donoghue Secretary/ Deputy Chair Diane King Suzanne Vincent

Principal staff

Pauline Venus Director Mike McGuinn Youth and Play Worker Ben Evans Youth and Play Worker Bridget Halliday Youth and Play Worker

Independent Examiner

Independent Examiner Bankers Catherine Hall FCCA DChA National Westminster Bank plc Slade & Cooper Limited Ashton-under-Lyne (A) Branch Beehive Lofts Warrington Street Beehive Mill Ashton-under-Lyne Jersey Street Lancashire Manchester OL6 6JL M4 6JG

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Water Adventure Centre

Report of the Executive Committee For the year ended 31 March 2021

Advisors

Liz Cross Liz Allen Chris Brain

The Connectives - Consultant The Connectives - Consultant British Canoeing Technical Advisor

Young Advisors

Cameron Holden Ellie Chesters TJ Monaghan-John Jade Gee

Sunday Funday Volunteer Girls’ and Young Women’s Evening Girls’ and Young Women’s Evening WAC member

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Water Adventure Centre Report of the Executive Committee For the year ended 31 March 2021

Structure, governance and management

Governing document

The Water Adventure Centre (WAC) is governed by the Constitution adopted 10[th] October 1978 and revised 3[rd] July 2000.

Recruitment and appointment of trustees

Trustees are recruited from the users of WAC, their parents, representatives, and workers. They are elected at the Annual General Meeting, which is held in conjunction with an Open Evening at WAC.

Induction and training of trustees

Each trustee is given information published by the Charity Commission and discusses the responsibilities with a WAC worker. The first meeting of the Exec (Management Committee or Board, hereafter referred to as the Exec) after the AGM also covers roles and responsibilities and Trustees are invited to relevant training sessions.

Risk management

Major risks to WAC continuing as an effective charity fall into the following five categories:

  1. Governance risks, for example, conflict of interest or an inappropriate organisational structure.

  2. Operational risks, for example, health and safety issues or costing our services.

  3. Financial risks, for example, the accuracy of information or the adequacy of reserves.

  4. External risks, for example, public perception or new building near to us.

  5. Compliance with law and regulation, for example, breach of employment law or British Canoeing/Canoe England regulations.

These risks have been formally reviewed and systems established to mitigate the occurrence and possible effects of potential risks.

Related parties

No member of the Exec received any payment.

Objectives and activities Objects

The Charity’s Objects (“the objects”) are.

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Water Adventure Centre Report of the Executive Committee For the year ended 31 March 2021

To engage, at the discretion of the Exec, in several campaigns and social action projects, to serve the needs of educational institutions, youth groups and disadvantaged groups within the community, any profits deriving from this activity to be applied solely towards the promotion of the purposes laid out in this Constitution.

Aims and Objectives

To achieve the objectives above by working with children and young people who are most disadvantaged in our communities by combining youth and play work with canoeing in WAC’s unique way. All this work is for the benefit of the public. The following review of Achievement and Performance summarises WAC’s work in 2020-2021.

Strategies

To obtain grants, contracts, and donations to enable WAC’s aims and objectives to be met within a context that takes risk and the wider physical, social, environmental and economic issues into account.

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Water Adventure Centre Report of the Board of Trustees For the year ended 31 March 2021

Use of volunteers

WAC encourages volunteering by both adults and young people from our own youth clubs, see below for more details. Volunteers are DBS checked (Disclosure and Barring Service) and are supported to gain valuable experience that often leads to paid employment or further education.

Public Benefit

In developing the objectives and strategy, the Board of Trustees have paid due regard to the Charity Commission guidance on Public Benefit.

Achievements and Performance

This year our face-to-face delivery has been developed and adapted because of the Covid-19 Pandemic, to adhere to all the Government, National Youth Agency (NYA), and British Canoeing Advice and Guidance. We worked in partnership with the East Manchester Youth and Play Partnership to resource and create paper bag playschemes, Activity packs for different age groups and needs, and various online quizzes and interventions. We purchased a box trailer which became our ‘play mobile’; this gave us an alternative to the water, kayaking and play offer, and allowed us to safely engage young people in pre -booked face-to-face sessions in the outdoors. We could not deliver the water play and youth offer across Greater Manchester, but instead continued to support the Greater Manchester Youth Combined Authority Offer online, and the Greater Manchester Combined Authority Creative Care Packs.

We are now in our 44th year of innovative and creative work with children and young people.

Our major achievement has been simply to continue to be creative in providing quality youth work, play and canoeing provision in this extremely challenging economic climate, now also impacted by the Covid-19 Pandemic. Essential to achieving this has been partnership working with a variety of organisations like Young Manchester East Manchester Youth and Play Partnership, N-Gagement+ Partnership, Troydale Tenants and Residents Association, Tameside Youth Service, Action Together (formerly Community and Voluntary Action Tameside - CVAT) and the Tameside Youth Practitioners Partnership.

Canoeing Groups

As already mentioned, our GM group work on the water has been severely impacted this year due to the Covid-19 Pandemic. Groups that we had booked in had to be cancelled, as we were unable to deliver our water work. The British Canoeing guidance did not allow any work with under 18’s, plus it wasn’t possible for groups to safely travel due to the local restrictions and social distancing measures. We kept groups informed via our web site and we are hopefully that we will return to a kayaking and canoeing offer as soon as the restrictions are lifted.

WAC'S Youth Clubs

Sunday Funday offers targeted play and youth work for children aged 8-13 years. Our offer remained outdoors for the whole year and numbers had to be reduced, so the offer was pre-booked rather than open access. Boys and girls attended mainly

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Water Adventure Centre Report of the Board of Trustees For the year ended 31 March 2021

from the local areas of Manchester and Tameside, often requiring parental support around travel. We did resume the canoeing and water play when we could safely do so, but we also engaged young people in several creative projects, where we delivered resources and young people produced some amazing designs and clay models. A highlight was the celebration of National Tree Dressing Day. We asked our neighbour Liam from Lazerian Designs to create some plywood models that young people decorated, and we hung in our cherry tree.

Thursday Youth Club is open to all aged 12-19 from Greater Manchester, and is mainly attended by young people from Droylsden, the priority age range is young people aged 12-16 years from Tameside and East Manchester. It is a place ‘just to be’ with friends, and the year-round programme offers canoeing, discussion, arts projects, and essential youth work support. This year with the impact of Covid-19, we have needed to develop a new offer where we have kept in touch with young people via online quizzes, Activity packs and via Detached Youth Work. In short, our offer has been outdoors! We also developed a ‘garden gate offer’ which consisted of socially distanced meetings in the WAC grounds, on the local estate or via the Detached route in other parts of Droylsden. We have also signposted young people to our website for further information as this provides a gateway to other services offering advice and information, placements and job seeker sessions, special events and projects.

Girls’ and Young Women’s Evening provides a safe space for young women aged 8-19 to explore issues that affect their lives, we run two sessions back-to-back for young women aged 8-12 years, then for young women aged 13-19 years. Like our other youth and play clubs we had to develop a new way of connecting with girls and young women via the ‘garden gate’ routes, staying connected online or via young women specific Activity packs. We were planning to re-launch our girls’ and young women’s face-to-face work, but we had to delay our plans due to Covid-19; we are optimistic that this will be a great success when we can return to our open access offer.

Pure Adventure, based at Chorlton Water Park in Manchester, mainly attracts young people from the Mersey Bank estate and Wythenshawe. We deliver 2 sessions each week back-to-back, the Junior sessions are for children and young people aged 8-12 years, and the Senior sessions are for young people aged 13-19 years.

Due to the Covid-19 Pandemic, we could not deliver the usual kayaking and canoeing on the lake at Chorlton Water Park. Instead, we developed a ‘dry land offer’ using our Kayak Pro Ergo machines, and our ‘play mobile’ trailer. As the water park was busy with families and people of all ages participating in their daily exercise, we publicised an offer via the City Council’s ‘All Sorts to Do’ on the nearby Parkway Playing fields, a different part of the Barlow Moor Estate.

We continued working with 2 Young Women who are WAC’s representatives on the Greater Manchester Youth Combined Authority (GMYCA), who advise the Elected Mayor Andy Burnham on a number of key issues and within the forums of key working groups, in particular Climate Change and other important Environmental Issues; plus new opportunities like ‘Our Pass’. Rather than the face-to-face meetings, these meetings were all via Zoom.

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Water Adventure Centre Report of the Board of Trustees For the year ended 31 March 2021

Active Adventure is located beside the Rochdale canal on the Troydale Estate in Newton Heath Manchester. There are 2 sessions that we deliver back-to-back on Tuesdays, the Junior session is for young people aged 8-12 years, and the Senior session is for young people aged 13-19 years. The impact of Covid-19 meant that we could not deliver the water work. Instead, we supported young people by involving them in creative projects, online quizzes, detached work and via the ‘play mobile’ trailer.

Play Clayton provides play activities to children from Clayton, Manchester. This runs primarily during term time in Clayton Park from March to August. Children aged 8 to 13 enjoy and learn from creative, adventurous play. We delivered some bespoke sessions in Clayton Park, and invited young people to attend some additional play sessions in Copperas Fields with the ‘play mobile’. We also supported young people with Activity packs, online quizzes, and via several creative projects.

Greater Manchester Youth Combined Authority (GMYCA) is a youth engagement project we have been involved with for the last four years. In 2017 WAC applied to be part of the project and we were successful – we now have 2 young people who are part of the GM wide youth voice representing the voluntary sector. We have also been successful for our 2[nd] Term of Office, wonderful news for WAC and for our Youth Voice!

It’s an important and influential role, advising the Mayor of Greater Manchester Andy Burnham on key youth issues and concerns, providing solutions and a critical voice, scrutinising the work of the Mayor and GMCA and undertaking specific pieces of work such as developing the Opportunity Pass ‘Our Pass’, the Curriculum for Life, and environmental issues like Climate Change. We have continued to work closely with Tameside Youth Council and have a mutually beneficial partnership relationship.

Support work for Partnerships based at WAC and GM locations

We had a busy season on the canal planned for 2020 with several GM bookings from Easter, which we then had to cancel due to the Covid-19 Pandemic. We would also ordinarily support local partnerships via festivals and community events throughout the Spring and Summer, but again we had to cancel the bookings that we had in place. We communicated with groups via Zoom meetings, phone calls, emails and via our website, which we continually updated. Like we have mentioned elsewhere, we supported the distribution of the Creative Care Packs across GM, and supported the virtual GMYCA meetings, ensuring that WAC young people continue to have a voice across GM.

Tameside Early Help and Early Intervention

This year and we have continued to support several virtual networking events and Learning Circles to help to coordinate the support offer of activities for children, young people and families. We have also worked closely with Action Together, who supported the Tameside Youth Practitioners Partnership with some additional funding for Activity Packs during the Covid-19 Pandemic, when we were unable to deliver sessions.

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Water Adventure Centre Report of the Board of Trustees For the year ended 31 March 2021

Volunteers and Placements

We offer placements to students from universities as well as to our own youth club members, and Year 10 young people who approach us to do their work experience. We had a placement in place for June 2020, but unfortunately, we had to cancel this due to the Covid-19 Pandemic. We also work with the Prince’s Trust, offering work experience opportunities, and volunteers from the NCS (National Citizenship Service). Young volunteers supported much of our work and assist with the youth clubs, groups and special events like our Open Day and the International Women’s Week events. Like already mentioned, we could not support face-to-face volunteering opportunities this year, but kept in contact with young people via online routes.

We generally support adult volunteers on big community events as well as individuals who help more intensively on our youth clubs. Manchester Metropolitan University (MMU) students from Trafford, Tameside, Manchester, London and Ireland have been supported on placements in the past.

Events

We provide free canoeing with the public on Family Days, Women’s Events at the Aquatics, WAC Open Day and AGM and Friends of Copperas Field event. We had planned to take our two Kayak Pro Ergo machines out to support several events across GM in community centres, parks, and town centres, but sadly we had to cancel these events due to Covid-19. These machines are like the gym rowing machines and simulate the action of paddling. We set up fun 100 metre challenges with a leader board; the Kayak Pro Ergo’s are in great demand! In the past, we have also supported several Moving Forces events, that support veterans and their families around mental health issues, as well as encouraging them to become more active.

Impact of Covid-19

Following the Government instruction regarding the outbreak and spread of the Covid19 and then the start of Lockdown towards the end of March, several groups, youth clubs, training events and celebrations had to be cancelled, and those planned for April onwards. As we could not deliver face-to-face work, the full-time staff continued to work from home and got involved with several initiatives with partners and providers to create and deliver resource and activity packs, paper bag playschemes and support several community initiatives. This involved applying for additional funding for WAC as well as supporting local partnerships like the Tameside Youth Practitioners Partnership, and the East Manchester Youth and Play partnership.

As our part-time sessional staff deliver 100% face-to-face work, we followed guidance and upon agreement furloughed our sessional staff to keep them safe and protect their jobs. The further impact of Covid-19 will be realised in the coming weeks and months, and how we can be creative around our delivery to meet the safe social distancing guidance to limit the spread of Covid-19.

We remain optimistic – our funders are very supportive, and we are a creative team who will work hard to remain true to our ethos and values and have the skills and experience to widen our core offer.

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Water Adventure Centre Report of the Board of Trustees For the year ended 31 March 2021

Finance

Despite the increasingly challenging economic environment, our key funders remain Greater Manchester Combined Authority, Young Manchester, and BBC Children in Need. Other funders included Street Games and Action Together.

In addition, WAC is administering a TMBC Partners Together grant which benefits Droylsden children and young people by providing resources to Prime Youth Club and WAC. We have a good partnership with Tameside Youth Service who are a key player in the Tameside Youth Practitioners Partnership; they are supporting WAC to develop work with girls and young women, work with LGBTQ+ young people, and ‘youth voice’ via the Greater Manchester Youth Combined Authority (GMYCA).

As always, each funder got what they paid for and more! We add value by combining funding and by accessing grants that are not restricted to a particular locality, age group or purpose. As more and more workers have taken severance and early retirement, and Local Authority youth provision has been closed or drastically reduced; this has had an impact on the groups and contacts that have used WAC for several years. This situation is also echoed in the voluntary sector, and where groups do survive, it is often on a reduced budget so trips to WAC are curtailed. It is a challenge to continually find new contacts and ways of reaching new groups; this has taken time and ‘out of the box’ thinking. The purchase of our two Kayak Pro Ergos and our XL Stand Up Paddleboard, has expanded our offer and enabled us to have additional activities to take out into different communities, and to support events, as well as promoting our centre. This is on top of plugging gaps in other areas of our work because of both these cuts and increasing poverty. Alongside this is the ever increasing detailed and demanding evidence required for funding bids and their subsequent monitoring. Whilst we are told the level of information we provide is excellent, it takes much time to produce, and we continually must balance service delivery against essential paperwork.

Longer term funding from Greater Manchester Combined Authority, Young Manchester, BBC Children in Need and previously Street Games have been crucial. Every funder requires proof of ongoing income, hence sustainability. These guarantees of ongoing funding have enabled us to secure both new and continuing funding.

Our Business and Development Plan has provided a solid basis which has guided development and supported funding bids. It was informed by extensive consultation with stakeholders, especially young people but also their parents, neighbours’ and professionals. We are currently updating the plan with a key priority of ongoing implementation of our funding strategy, to continue building long term financial stability.

We have been able to maintain the quality and amount of work by creative collaboration with partners and sharing resources and expertise. We have built on existing and new links to bring in more support in the shape of resources, expertise and people. Liz Cross and Liz Allen from The Connectives are on hand to provide invaluable pro bono consultancy time when required. Voluntary Youth Manchester (VYM) and Action Together, gave support with networking, grants and processes.

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Water Adventure Centre Report of the Board of Trustees For the year ended 31 March 2021

Reserves Policy

WAC’s fixed assets which are the buildings, land and equipment come to £158,184.

Following Charity Commission information and discussion with advisers, we aim to keep a reserve of six months working capital. The precise figure is based on the whole year’s expenditure (on-going running costs not one-off equipment) which for 2020-21 is £174,521 so for six months is £87,260. This figure is now in our General funds. These funds would enable WAC to deal with unforeseen emergencies, risks and cash flow problems that may arise with contracts and funders. Critically, if for any reason WAC needed to cease operation, these would be sufficient funds for redundancy payments and to ensure an efficient wind-up. In line with recommendations from The Charity Commission this is now held in General funds in Reserves rather than in a separate contingency fund.

Approved by the Board of Trustees and signed on its behalf by:

..................................... John Byrne (Chair) ..19/07/2021............... Date

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Independent Examiner’s Report

To the Board of Trustees of the Water Adventure Centre For the year ended 31 March 2021

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31[st] March 2021 which are set out on pages 12 to 16.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the 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 matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

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.

Catherine Hall FCCA DChA

Slade & Cooper Limited, Chartered Certified Accountants Beehive Lofts Beehive Mill Jersey Street Manchester M4 6JG

1/11/2021

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Water Adventure Centre

Receipts and Payments Account for the year ended 31 March 2021

Unrestricted
funds
Note
£
Receipts
Donations
990
Grants
3
59,767
4
-
5
58
Total receipts
60,815
Payments
42,605
5,939
Canoes, equipment & repairs
708
Transport
1,467
Administration
1,538
Insurance
4,586
Accountancy
2,272
Training
1,086
Clients
5,798
Float
-
Total payments
65,999
(5,184)
Transfer between funds
-
Surplus/(deficit)
(5,184)
Premises Costs
Fees and other income
Salaries
Bank interest
Net receipts/(payments)
Restricted
funds
£
-
105,022
-
-
105,022
107,522
-
-
-
-
-
-
-
1,000
-
108,522
(3,500)
-
(3,500)
Total funds
2021
£
990
164,789
-
58
165,837
150,127
5,939
708
1,467
1,538
4,586
2,272
1,086
6,798
-
174,521
(8,684)
-
(8,684)
Total funds
2020
£
912
173,811
4,326
304
179,353
149,714
14,567
14,209
779
6,575
3,840
2,269
213
3,945
52
196,163
(16,810)
-
(16,810)

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Water Adventure Centre

Statement of assets and liabilities as at 31 March 2021

Unrestricted
funds
Note
£
108,579
(5,184)
103,395
Other assets
Fund
Debtors
Restricted
Debtors
Unrestricted
Freehold Land and Buildings
Unrestricted
Fixtures and fittings
Unrestricted
Equipment
Unrestricted
Total other assets
Liabilities
Fund
Creditors
Unrestricted
Total liabilities
Approved by the Executive Committee on 19/07/2021 and
Cash funds
Bank and cash balances at start of
year
Surplus / (deficit) shown on
receipts and payments account
Bank and cash balances at end
of year
Restricted
Total funds
funds
2021
£
£
34,416
142,995
(3,500)
(8,684)
30,916
134,311
2021
8,750
4,005
139,904
2,117
16,163
170,939
2021
2,710
2,710
signed on their behalf by:
Total funds
2020
£
159,805
(16,810)
142,995
2020
4,000
2,995
146,932
2,382
20,203
176,512
2020
1,718
1,718

John Byrne (Chair) Liz Quartey (Treasurer)

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Water Adventure Centre

Notes to the accounts for the year ended 31 March 2021

1 Basis of accounting

These accounts have been prepared on the Receipts & Payments basis.

2 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

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.

3 Grants received

BBC Children in Need
Doorsteps (Streetgames)
GMCA
KCYPS
Young Manchester
TMBC Business Rates Grant
TMBC CRF
TMBC WAC Partnership
UK Youth
Tameside 4 Good
Parents and Family
Canal and Rivers Trust
Sports England
HMRC JRS
Unrestricted
£
-
-
41,050
-
-
10,000
-
-
-
-
1,890
-
-
6,827
59,767
Restricted
£
48,492
6,280
-
4,000
40,750
-
1,000
-
-
-
-
1,500
3,000
-
105,022
2021
£
48,492
6,280
41,050
4,000
40,750
10,000
1,000
-
-
-
1,890
1,500
3,000
6,827
164,789
2020
£
30,153
500
41,100
-
74,240
-
-
20,000
5,000
2,818
-
-
-
-
173,811

4 Receipts from charitable activities

Group Payments and Fees
Donations
Investment receipts
Bank interest
Unrestricted
£
-
990
990
Unrestricted
£
58
58
Restricted
£
-
-
-
Restricted
£
-
-
2021
£
-
990
990
2021
£
58
58
2020
£
4,326
912
5,238
2020
£
304
304

5 Investment receipts

14

Water Adventure Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

6 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration during the year

.

One trustee received travel and subsistence expenses during the year of £316 (2020: £nil).

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year.

7 Analysis of movements in restricted funds

TMBC WAC Partnership
Canal and Rivers Trust
Sports England
Total
UK Youth
KCYPS
Young Manchester
Doorsteps (Street Games)
TMBC Community Regeneration Fund
TMBC GMYCA Youth Councils
TMBC Partners Together
BBC Children in Need
Balance
at 1 April
2020
£
-
-
-
4,500
4,916
20,000
5,000
-
-
-
-
34,416
Receipts
£
48,492
6,280
40,750
-
-
-
-
4,000
1,500
3,000
1,000
105,022
Payments
£
(48,492)
(4,780)
(40,750)
-
-
-
(5,000)
(4,000)
(1,500)
(3,000)
(1,000)
(108,522)
Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
Balance at
31 March
2021
£
-
1,500
-
4,500
4,916
20,000
-
-
-
-
-
30,916

Name of fund

Description, nature and purposes of the fund

BBC Children in Need Doorsteps (Street Games) Young Manchester TMBC/GMYCA

TMBC Partners Together TMBC WAC Partnership

UK Youth KCYPS - Keeping Children & Young People Safe Canal and Rivers Trust

Sports England

TMBC Community Regeneration Fund

Work with Children and Young People Work with Children and Young People Targeted work with Manchester young people To develop the voice of young people (Youth Council) in partnership with Tameside Youth Council (who are part of TMBC) across Greater Manchester as part of the Greater Manchester Youth Combined Authority (GMYCA) Work with Prime and Fairfield Juniors in Droylsden Girls and Young Women's work. Work with LGBT+ young people

Work to enhance WAC core Youth and Play provision Workshops for Manchester children on themes of personal safety. To improve access to the canal at the Newton Heath project.

"Return to Play" to assist with reopening of our clubs and projects. To buy playscheme bags.

15

Water Adventure Centre

Notes to the accounts for the year ended 31 March 2021 (continued)

8 Designated Funds

New Minibus fund Balance
at 1 April
2020
£
14,000
14,000
Receipts
£
-
-
Payments
£
-
-
Transfers
£
-
-
Balance at
31 March
2021
£
14,000
14,000

Name of fund Description, nature and purposes of the fund

New Minibus Fund Towards the purchase of a new minibus when this is needed as the current vehicle is 15 years old.

9 Analysis of movement in unrestricted funds

Designated funds
General fund
Balance
at 1 April
2020
£
14,000
94,579
108,579
Receipts
£
-
60,815
60,815
Payments
£
-
(65,999)
(65,999)
Transfers
£
-
-
-
As at 31
March
2021
£
14,000
89,395
103,395

Name of fund

Description, nature and purposes of the fund

General fund

We aim to set aside 6 months working capital in case of emergency.

This is calculated by taking this year's expenditure (on-going running costs excluding one-off equipment) of £174,521 and dividing by two to give the six month target figure of £87,260. This year's General Fund is now £89,395. (Designated Funds - New Minibus Fund now £14,000).

Funds
Restricted
Designated
General
Total
£
30,916
14,000
89,395
134,311

16