REGISTERED CHARITY NUMBER: 519110
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
FRIENDS OF DURHAM CATHEDRAL
Ribchesters, Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW
FRIENDS OF DURHAM CATHEDRAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
FRIENDS OF DURHAM CATHEDRAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Friends of Durham Cathedral was founded in 1933. It was registered as a Charity, number 519110, on 24 July 1987. Its Governing Constitution, adopted by members at the Annual General Meeting held on 6 June 1987, was revised at the Annual General Meeting held on 1 June 1991, with a further minor revision that was approved at the Annual General Meeting held on 1 June 2019. The objects of the charity currently are:
- to promote for the benefit of the public the preservation, repair and maintenance of the fabric, curtilage and the precincts of Durham Cathedral and its library, together with any other property thereof, as buildings of architectural and historical interest, and the provision of support for its worship and music and in purchasing, acquiring, restoring or otherwise providing such furniture, fittings and structures and chattels for the interior, exterior and in the curtilage and precinct as may be desirable to continue the cathedral's work in relation to its worship, music, history and education.
As the 1991 revision of the Constitution envisaged, the greatest part of the incoming resources of the charity is generated by membership subscriptions, donations, bequests and grants from other charitable organisations. Other income results from concerts and other social occasions, and from the sale of goods.
In view of the objects of the charity its Trustees work closely with the Chapter of Durham Cathedral, and the grants proposed to an Annual General Meeting are for projects which feature in Chapter's strategic plans and which have been commended to the Trustees.
ACHIEVEMENT AND PERFORMANCE
The dark cloud of Covid 19 has made a noticeable impact to social activities during the year in question though the substantial fall in income reflects reduction in legacies to just £5000. Encouragingly, subscription income has increased demonstrating the unstinting support of members.
The schedule of payment of Grants to the Cathedral has also experienced Covid affected lack of activity, with all those approved at 2020 AGM remaining undrawn together with several from 2019 outstanding. Over £200,000 falls into this category.
Our reserves remain comfortably in excess of commitments to these grants and financial position enables us to continue to provide additional support to the Cathedral in future.
FINANCIAL REVIEW
We still hold significant funds largely due to the monies held at M & G and sufficient to enable us to, once more, provide substantial grant monies to the Cathedral.
FUTURE PLANS
We are continuing to liaise with the Cathedral Development team to generate an increased public awareness for the Cathedral and possible involvement which we are hoping will increase our membership and we are already seeing signs of progress. Events and excursions are held throughout the year which prove very popular with members and new ideas for these functions are continually being sought.
Our grateful thanks must, once again, be given to the unstinting support received by our many volunteers without whom, we would not have the undoubted success these events have had.
Page 1
FRIENDS OF DURHAM CATHEDRAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Under the revision of its Constitution in June 1991 and reconfirmed at the revision in June 2019 it was determined that Friends of Durham Cathedral should be administered and managed by an Executive Council, and that the Council should consist of:
-
A Chairman, Honorary Secretary, and Honorary Treasurer, each elected at the Annual General meeting for a term of three years and eligible for re-election;
-
A maximum of nine members, each elected at the Annual General Meeting for a maximum of three years and eligible for re-election for one further term, after which he/ (she) must stand down for at least one year;
-
A Representative of Chapter, appointed by Chapter;
-
The Chapter Clerk;
-
A maximum of three co-opted members each appointed at the discretion of the Committee for a maximum of three years.
It was also agreed that to further its objectives the Council should establish such sub-committees as were felt necessary. Currently there is a Fund Raising Committee and a Programme and Public Relations Committee.
This structure serves to ensure the continued vitality of the charity, for the members of its sub-committees are drawn from those attending events and social occasions as well as from members of its Executive Council, and are the usual recruiting ground when vacancies occur on the executive Council. Thus those recruited as Trustees already have some experience of the objects and activities of the charity.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
It is the opinion of the trustees that for the financial year ended 31 December 2020 the charity has achieved its objectives.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
519110
Principal address
Friends' Office The College Durham DH1 3EH
Trustees
Ms M H Stamp G F Summerbell W G Bittlestone Canon Dr E D Hunt A French Dr M Galloway Dr R Wiltsher Ms M Anderson W Scott Mrs C Scott G Barber Revd Canon M Everitt (appointed 1/2/2020) Mrs M Potter R Tindle S Fitches
Page 2
FRIENDS OF DURHAM CATHEDRAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
David Holloway FCA DChA Ribchesters, Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW
PUBLIC BENEFIT
From 1 April 2008, section 4 the Charities Act 2006 requires all charities to meet the legal requirement that its aims are for the public benefit. The Trustees confirm that they have complied with the duty to have due regard to the Charity Commission's general guidance on public benefit.
The Charity Commission states that there are two principles to be met in order to show that an organisation's aims are for the public benefit: firstly there must be an identifiable benefit or benefits and secondly that the benefit must be to the public, or a section of the public.
Approved by order of the board of trustees on 4 May 2021 and signed on its behalf by:
Dr M Galloway - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF DURHAM CATHEDRAL
Independent examiner's report to the trustees of Friends of Durham Cathedral
I report to the charity trustees on my examination of the accounts of Friends of Durham Cathedral (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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.
David Holloway FCA DChA Ribchesters, Chartered Accountants Finchale House Belmont Business Park Durham DH1 1TW
4 May 2021
Page 4
FRIENDS OF DURHAM CATHEDRAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 61,839 Other trading activities 3 6,405 Investment income 4 853 Total 69,097 EXPENDITURE ON Raising funds 5,589 Charitable activities Grants to Durham Cathedral 67,111 Support costs 37,350 Total 110,050 Net gains/(losses) on investments (5,064) NET INCOME/(EXPENDITURE) (46,017) RECONCILIATION OF FUNDS Total funds brought forward 302,986 TOTAL FUNDS CARRIED FORWARD 256,969 |
Restricted Endowment funds funds £ £ - - - - - - - - - - 41,364 - - - 41,364 - - 1,463 (41,364) 1,463 41,364 87,403 - 88,866 |
2020 Total funds £ 61,839 6,405 853 69,097 5,589 108,475 37,350 151,414 (3,601) (85,918) 431,753 345,835 |
2019 Total funds £ 162,425 49,937 2,143 |
|---|---|---|---|
| 214,505 36,295 37,700 42,102 |
|||
| 116,097 16,034 |
|||
| 114,442 317,311 |
|||
| 431,753 |
The notes form part of these financial statements
Page 5
FRIENDS OF DURHAM CATHEDRAL
BALANCE SHEET 31 DECEMBER 2020
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 5,272 Heritage assets 8 1,250 6,522 CURRENT ASSETS Stocks 9 1,455 Debtors 10 6,353 Investments 11 34,205 Cash at bank 219,661 261,674 CREDITORS Amounts falling due within one year 12 (11,227) NET CURRENT ASSETS 250,447 TOTAL ASSETS LESS CURRENT LIABILITIES 256,969 NET ASSETS 256,969 FUNDS 13 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Restricted Endowment funds funds £ £ - - - - - - - - - - - 88,866 - - - 88,866 - - - 88,866 - 88,866 - 88,866 |
2020 Total funds £ 5,272 1,250 6,522 1,455 6,353 123,071 219,661 350,540 (11,227) 339,313 345,835 345,835 256,969 - 88,866 345,835 |
2019 Total funds £ 5,244 1,250 6,494 1,794 75 126,671 313,806 442,346 (17,087) 425,259 431,753 431,753 302,986 41,364 87,403 431,753 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 4 May 2021 and were signed on its behalf by:
M Galloway - Trustee
The notes form part of these financial statements
Page 6
FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Raising funds
The costs of generating funds comprise the costs associated with trading and events for fundraising purposes.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on the basis of time spent.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture
- 15% on reducing balance
Heritage assets
Depreciation is provided at 0% on heritage assets as they are assumed to have an indefinite useful life. These assets are reviewed for impairment
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Endowment funds are those funds which the charity must hold and retain and not spend as income. The income arising is used for charitable purposes and capital gains are retained within the fund.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees' annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
2. DONATIONS AND LEGACIES
| Donations Tax recoverable Legacies Grants Subscriptions Donated services and facilities |
2020 £ 10,915 6,278 5,000 5,000 33,346 1,300 61,839 |
2019 £ 38,325 3,670 84,282 4,000 30,898 1,250 |
|---|---|---|
| 162,425 |
The charity is grateful to Ribchesters Chartered Accountants for providing accountancy services to the charity to assist with the preparation of the Annual Report. The value of this service to the charity is estimated at £1,300 (2019 : £1,250). The estimated value of these services is recognised within incoming resources as a donation, and an equivalent charge included within accountancy costs.
Grants received, included in the above, are as follows:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Other grants | 5,000 | 4,000 |
Included within grants receivable is £4,000 received from The Sir John Priestman Charity Trust.
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
3. OTHER TRADING ACTIVITIES
| Fundraising events Trading income INVESTMENT INCOME Investment income |
2020 £ 652 5,753 6,405 2020 £ 853 |
2019 £ 45,107 4,830 |
|---|---|---|
| 49,937 | ||
| 2019 £ 2,143 |
4. INVESTMENT INCOME
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 126,541 Other trading activities 49,937 Investment income 2,143 Total 178,621 EXPENDITURE ON Raising funds 36,295 Charitable activities Grants to Durham Cathedral 37,700 Support costs 42,102 Total 116,097 Net gains on investments 7,340 NET INCOME 69,864 RECONCILIATION OF FUNDS Total funds brought forward 233,122 |
Restricted Endowment funds funds £ £ 35,884 - - - - - 35,884 - - - - - - - - - - 8,694 35,884 8,694 5,480 78,709 |
Total funds £ 162,425 49,937 2,143 |
|---|---|---|
| 214,505 36,295 37,700 42,102 |
||
| 116,097 16,034 |
||
| 114,442 317,311 |
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Endowment fund funds funds £ £ £ TOTAL FUNDS CARRIED FORWARD 302,986 41,364 87,403 7. TANGIBLE FIXED ASSETS Office Computer furniture equipment £ £ COST At 1 January 2020 18,339 - Additions - 945 At 31 December 2020 18,339 945 DEPRECIATION At 1 January 2020 13,095 - Charge for year 787 130 At 31 December 2020 13,882 130 NET BOOK VALUE At 31 December 2020 4,457 815 At 31 December 2019 5,244 - 8. HERITAGE ASSETS MARKET VALUE At 1 January 2020 and 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 9. STOCKS 2020 £ Stocks 1,455 |
Total funds £ |
|---|---|
| 431,753 | |
| Totals £ 18,339 945 19,284 13,095 917 14,012 5,272 5,244 Total £ 1,250 1,250 1,250 2019 £ 1,794 |
|
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
| 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 11. CURRENT ASSET INVESTMENTS Listed investments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 13. MOVEMENT IN FUNDS At 1.1.20 £ Unrestricted funds General fund 302,986 Restricted funds Foundation 2020 41,364 Endowment funds Major L and Mrs D Pattison 71,195 The Late Mrs Phyllis Mary Richardson 16,208 87,403 TOTAL FUNDS 431,753 |
2020 £ 6,353 2020 £ 123,071 2020 £ (1) 11,228 11,227 Net movement in funds £ (46,017) (41,364) 4,275 (2,812) 1,463 (85,918) |
2019 £ 75 2019 £ 126,671 |
2019 £ 75 2019 £ 126,671 |
2019 £ 75 |
||
|---|---|---|---|---|---|---|
| 2019 £ - 17,087 17,087 At 31.12.20 £ 256,969 - 75,470 13,396 |
2019 £ - 17,087 |
|||||
| 17,087 | ||||||
| 88,866 | ||||||
| 345,835 |
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Foundation 2020 Endowment funds Major L and Mrs D Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Foundation 2020 Endowment funds Major L and Mrs D Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
Incoming resources £ 69,097 - - - - 69,097 |
Resources expended £ (110,050) (41,364) - - - (151,414) At 1.1.19 £ 233,122 5,480 64,811 13,898 78,709 317,311 |
Gains and Movement losses in funds £ £ (5,064) (46,017) - (41,364) 4,275 4,275 (2,812) (2,812) 1,463 1,463 (3,601) (85,918) Net movement At in funds 31.12.19 £ £ 69,864 302,986 35,884 41,364 6,384 71,195 2,310 16,208 8,694 87,403 114,442 431,753 |
|---|---|---|---|
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Foundation 2020 Endowment funds Major L and Mrs D Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
Incoming resources £ 178,621 35,884 - - - 214,505 |
Resources expended £ (116,097) - - - - (116,097) |
Gains and Movement losses in funds £ £ 7,340 69,864 - 35,884 6,384 6,384 2,310 2,310 8,694 8,694 16,034 114,442 |
Gains and Movement losses in funds £ £ 7,340 69,864 - 35,884 6,384 6,384 2,310 2,310 8,694 8,694 16,034 114,442 |
|---|---|---|---|---|
| 8,694 | ||||
| 114,442 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Foundation 2020 Endowment funds Major L and Mrs D Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
At 1.1.19 £ 233,122 5,480 64,811 13,898 78,709 317,311 |
Net movement in funds £ 23,847 (5,480) 10,659 (502) 10,157 28,524 |
At 31.12.20 £ 256,969 - 75,470 13,396 |
|---|---|---|---|
| 88,866 | |||
| 345,835 |
continued...
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FRIENDS OF DURHAM CATHEDRAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Foundation 2020 Endowment funds Major L and Mrs D Pattison The Late Mrs Phyllis Mary Richardson TOTAL FUNDS |
Incoming resources £ 247,718 35,884 - - - 283,602 |
Resources expended £ (226,147) (41,364) - - - (267,511) |
Gains and Movement losses in funds £ £ 2,276 23,847 - (5,480) 10,659 10,659 (502) (502) 10,157 10,157 12,433 28,524 |
|---|---|---|---|
Foundation 2020
The Foundation 2020 Appeal fund was created to raise money towards the ongoing remedial work to Durham Cathedral.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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FRIENDS OF DURHAM CATHEDRAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| INCOME AND ENDOWMENTS Donations and legacies Donations Tax recoverable Legacies Grants Subscriptions Donated services and facilities Other trading activities Fundraising events Trading income Investment income Investment income Total incoming resources EXPENDITURE Other trading activities Purchases Fundraising events Charitable activities Telephone Postage and stationery Donations Sundries Contribution to salary Depreciation Grants to institutions Support costs Management Insurance Finance Bank charges |
2020 £ 10,915 6,278 5,000 5,000 33,346 1,300 61,839 652 5,753 6,405 853 69,097 339 5,250 5,589 205 10,528 - 49 23,305 917 108,475 143,479 334 712 |
2019 £ 38,325 3,670 84,282 4,000 30,898 1,250 |
|---|---|---|
| 162,425 45,107 4,830 |
||
| 49,937 2,143 |
||
| 214,505 149 36,146 |
||
| 36,295 - 15,125 600 580 22,041 925 37,700 |
||
| 76,971 357 1,224 |
This page does not form part of the statutory financial statements
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FRIENDS OF DURHAM CATHEDRAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 |
||
|---|---|---|
| Finance Governance costs Accountancy fees Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Realised gains/(losses) on programme related investments Net (expenditure)/income |
2020 £ 1,300 151,414 (82,317) (3,601) (85,918) |
2019 £ 1,250 |
| 116,097 | ||
| 98,408 16,034 |
||
| 114,442 |
This page does not form part of the statutory financial statements
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