Charity registration number: 522396
Girlguiding Lincolnshire South
Annual Report and Financial Statements
for the Year Ended 31 July 2021
Girlguiding Lincolnshire South
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 16 |
Girlguiding Lincolnshire South
Reference and Administrative Details
| Trustees | Mrs J Winstanley (Resigned in 2020/21) |
|---|---|
| Mrs A Jones | |
| Miss B A Charity | |
| Miss K Armstrong | |
| Mrs A Eldred | |
| Mrs D Chennells | |
| Mrs L Carpenter-Coxon | |
| Mrs S Wheelwright | |
| Miss R Wheelwright | |
| Mrs W Ireland, Chair (Appointed in 2020/21) | |
| Mrs S Coughlin | |
| Mrs N Redfern | |
| Mrs K Kilby | |
| Principal Office | 17 Linden Road |
| Horncastle | |
| Lincolnshire | |
| LN9 5EE | |
| Charity Registration Number | 522396 |
| Bankers | Barclays Bank plc |
| Local Business Banking | |
| Leicester | |
| LE87 2BR | |
| Independent Examiner | TC Group |
| 33 Boston Road | |
| Holbeach | |
| Spalding | |
| Lincolnshire | |
| PE12 7LR |
Page 1
Girlguiding Lincolnshire South
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 July 2021.
Objectives and activities
Objects and aims
The trust deed defines the charity's objective as being:
"The instruction of girls at all classes in the principles of discipline, loyalty and good citizenship"
To achieve these objectives, the charity operates a number of projects. All projects are monitored closely by the executive committee to ensure that projects are delivered to maximise the value to the charity.
Public benefit
In planning our activities for the year we kept in mind the Charities Commission's guidance on public benefit at our trustee meetings.
The trustees are very grateful to all the volunteers who have given their time so generously in helping the charity during the year.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
Policy on reserves
The finance committee on behalf of the board of trustees conducts an annual review of the level of unrestricted reserves not committed or invested in tangible fixed assets ("the free reserves") in the general fund by considering the risks associated with the general fund, the risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient:
i) to allow for reorganisation in the event of a downturn of income or asset values: and ii) to protect ongoing work programmes
The level is estimated at between 2 and 4 months of the general expected budget. The reserves currently held in general funds are £185,921 (2020 - £161,430) which meets the objective.
Principal funding sources
The principal funding sources for the charity are currently by way of the income from subscriptions from Girlguiding at county level and events at county level.
Structure, governance and management
Nature of governing document
The charity is governed under Royal Charter dated 14 December 1922.
Recruitment and appointment of trustees
The trustees who have served during the year and since the year end are set out on page 1. The board of trustees have the general control and management of the administration of the charity.
The trustees are appointed following the constitution. The County Commissioner appoints persons to these roles.
Page 2
Girlguiding Lincolnshire South
Trustees' Report
Induction and training of trustees
New trustees undergo orientation sessions which include observation at a committee of management meeting prior to becoming a trustee.
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that necessary steps can be taken to lessen these risks.
Financial instruments
Objectives and policies
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
Mrs W Ireland Trustee
Page 3
Girlguiding Lincolnshire South
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. 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.
Approved by the trustees of the charity on .................... and signed on its behalf by:
Mrs W Ireland Trustee
Page 4
Girlguiding Lincolnshire South
Independent Examiner's Report to the trustees of Girlguiding Lincolnshire South
I report on the accounts of the charity for the year ended 31 July 2021 which are set out on pages 6 to 16.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Christopher McKenna ACA
TC Group
33 Boston Road Holbeach Spalding Lincolnshire PE12 7LR
Date:.............................
Page 5
Girlguiding Lincolnshire South
Statement of Financial Activities for the Year Ended 31 July 2021
| Note Income and Endowments from: Charitable activities 2 Investment income 3 Other income Total Income Expenditure on: Charitable activities 4 Total Expenditure Net (expenditure)/income Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Designated funds £ 27,419 5 - 27,424 (32,790) (32,790) (5,366) (21,000) (26,366) 180,039 153,673 |
Unrestricted general funds £ 30,835 33 1,312 32,180 (28,689) (28,689) 3,491 21,000 24,491 161,430 185,921 |
Restricted £ - - - - - - - - - 2,223 2,223 |
Capital funds £ - - - - - - - - - 529,592 529,592 |
Total 2021 £ 58,254 38 1,312 59,604 (61,479) (61,479) (1,875) - (1,875) 873,284 871,409 |
Total 2020 £ 92,582 661 - |
|---|---|---|---|---|---|---|
| 93,243 | ||||||
| (51,395) | ||||||
| (51,395) | ||||||
| 41,848 - |
||||||
| 41,848 831,436 |
||||||
| 873,284 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 11.
The notes on pages 8 to 16 form an integral part of these financial statements. Page 6
Girlguiding Lincolnshire South
(Registration number: 522396) Balance Sheet as at 31 July 2021
| Note Fixed assets Tangible assets 7 Current assets Stocks 8 Debtors 9 Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Restricted Unrestricted income funds Unrestricted general funds Designated funds Total unrestricted Capital funds Total funds 11 |
2021 £ 529,592 2,687 4,416 335,602 342,705 (888) 341,817 871,409 2,223 185,921 153,673 339,594 529,592 871,409 |
2020 £ 529,592 2,251 4,416 337,903 |
|---|---|---|
| 344,570 (878) |
||
| 343,692 | ||
| 873,284 | ||
| 2,223 | ||
| 161,430 180,039 |
||
| 341,469 529,592 |
||
| 873,284 |
The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
Mrs A Jones Trustee
Mrs W Ireland Trustee
The notes on pages 8 to 16 form an integral part of these financial statements. Page 7
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Girlguiding Lincolnshire South 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 notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Income and endowments
Voluntary income is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
Grants are recognised in full in the Statement of Financial Activities when receivable.
Investment income is recognised in full in the Statement of Financial Activities when receivable.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
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.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Page 8
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Tangible fixed assets are stated at insurance valuation. No depreciation has been provided for in the accounts.
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 9
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 10
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
2 Income from charitable activities
| Subscriptions Grants received Badge sales Minsk Parva House activity centre Nellie Doubleday Centre Millfield Campsite International travel Challenge event County weekend 2021 Event Ann Conroy Trust Miss H M Outram Legacy Patricia Gladys Miller Legacy Training L&D Brownie brain challenge Australian bush fire appeal |
Unrestricted Designated £ General £ - 15,895 - 13,260 - 1,680 1,911 - 236 - 20,933 - 83 - 3,022 - - - - - 117 - 117 - 1,000 - - - - - - - - - 27,419 30,835 |
Total 2021 £ 15,895 13,260 1,680 1,911 236 20,933 83 3,022 - - 117 117 1,000 - - - - 58,254 |
Total 2020 £ 36,935 - 928 487 19,944 15,944 281 3,810 166 6 - 158 - 8,343 4,451 108 1,021 |
|---|---|---|---|
| 92,582 |
The total income from charitable activities for the year was £58,254 (2020 - £92,582) of which £30,835 (2020 - £37,863) was unrestricted general, £27,419 (2020 - £54,719) was designated and £Nil (2020 - £Nil) was restricted.
3 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds Designated £ General £ 5 33 |
Total 2021 £ 38 |
Total 2020 £ 661 |
|---|---|---|---|
The investment income for the year totalled £38 (2020 - £661) of which £33 (2020 - £572) was unrestricted general and £5 (2020 - £89) was designated.
Page 11
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
4 Expenditure on charitable activities
Unrestricted
| Costs of activities in furtherance of the charity's objectives Subscriptions Salaries Travel expenses Grants paid Training expenses Outdoor activities expenses Badge expenses Minsk expenses Parva House activity centre Nellie Doubleday Centre Millfield Campsite County weekend International travel reserve Ann Conroy Trust Australian bush fire appeal Management and administration Telephone Insurance Printing, postage and stationery Computer costs Advertising Miscellaneous Accountancy fees Annual review 60th Anniversary |
Designated £ - - - - - - - - 16,516 15,123 876 - - 275 - 32,790 - - - - - - - - - - 32,790 |
General £ 442 6,078 2,203 6,076 - 4 1,853 - - - - 35 2,705 - - 19,396 - 4,780 19 537 1,252 1,805 900 - - 9,293 28,689 |
Total 2021 £ 442 6,078 2,203 6,076 - 4 1,853 - 16,516 15,123 876 35 2,705 275 - 52,186 - 4,780 19 537 1,252 1,805 900 - - 9,293 61,479 |
Total 2020 £ 560 1,105 4,334 3,392 242 34 2,890 2,723 7,976 7,339 605 4,604 3,787 - 1,021 |
|---|---|---|---|---|
| 40,612 | ||||
| 46 4,407 158 463 - 1,310 888 289 3,222 |
||||
| 10,783 | ||||
| 51,395 |
The total expenditure on charitable activities during the year was £61,479 (2020 - £51,395) of which £28,689 (2020 - £27,259) was unrestricted general, £32,790 (2020 - £24,136) was designated and £Nil (2020 - £Nil) was restricted.
Page 12
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
5 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Tangible fixed assets
| Cost At 1 August 2020 At 31 July 2021 Depreciation At 31 July 2021 Net book value At 31 July 2021 At 31 July 2020 8 Stock Stocks 9 Debtors Prepayments 10 Creditors: amounts falling due within one year Accruals |
Land & buildings £ 471,592 471,592 - 471,592 471,592 |
Fixtures & fittings £ 36,000 |
Equipment £ 22,000 |
Total £ 529,592 529,592 - 529,592 529,592 2020 £ 2,251 |
||
|---|---|---|---|---|---|---|
| 36,000 - |
22,000 - |
|||||
| 36,000 | 22,000 | |||||
| 36,000 | 22,000 | |||||
| 2021 £ 2,687 2021 £ 4,416 2021 £ 888 |
||||||
| 2020 £ 4,416 |
||||||
| 2020 £ 878 |
Page 13
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
| 11 Funds Unrestricted General Designated funds Asset Maintenance Reserve Minsk International Travel Reserve Diane Greenwood Jayne Charity Bequest Parva House Activity Centre Nellie Doubleday Centre Baden Powell Challenge Weekend International Experience Poacher Millfield Campsite Brownie Brain Challenge Training L&D Challenge Event Anna Conroy Trust Patricia Gladys Miller Legacy Miss H M Outram Legacy 2021 Event Designated Total unrestricted Restricted Capital funds Total funds |
Balance at 1 August 2020 £ 161,430 4,000 10,516 9,477 961 1,862 56,398 36,527 3,666 25,000 17,091 1,180 243 4,451 166 158 8,343 - - 180,039 341,469 2,223 529,592 873,284 |
Incoming resources £ 32,180 - 1,911 3,022 - - 240 20,934 - - - 83 - - - 117 - 1,000 117 27,424 59,604 - - 59,604 |
Resources expended £ (28,689) - - - - - (16,516) (15,123) - - - (876) - - - (275) - - - (32,790) (61,479) - - (61,479) |
Transfers £ 21,000 - - - - - - - (3,666) - (17,091) - (243) - - - - - - (21,000) - - - - |
Balance at 31 July 2021 £ 185,921 |
|---|---|---|---|---|---|
| 4,000 12,427 12,499 961 1,862 40,122 42,338 - 25,000 - 387 - 4,451 166 - 8,343 1,000 117 |
|||||
| 153,673 | |||||
| 339,594 2,223 529,592 |
|||||
| 871,409 |
Page 14
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
Purposes of funds
Asset Maintenance Reserve
This fund is for the maintenance of assets.
Minsk
This fund is to support the Lincolnshire/Minsk project primarily bringing guiding groups over to the UK to visit Lincolnshire South guides. It also helps to fund activities linked with projects in the UK.
International Travel Reserve
This fund is for financing international travel.
Diane Greenwood
This fund is to support girls from North and South Lincoln divisions selected for international travel.
Jayne Charity Bequest
This fund is to support adults from Lincolnshire South selected for international travel.
Parva House Activity Centre
This fund is for providing activities at Parva House activity centre.
Nellie Doubleday Centre
This fund is for providing activities at Nellie Doubleday Centre.
County Weekend
This fund relates to a county weekend for girls in Girlguiding.
Baden Powell Challenge Weekend
This fund is to arrange a Baden Powell adventure weekend.
International Experience
This fund is to assist members of Girlguiding Lincolnshire South to take part in international and overseas events.
Millfield Campsite
This fund is for providing activities at Millfield Campsite.
Brownie Brain Challenge
This fund is to support the Brownie Brain Challenge.
Page 15
Girlguiding Lincolnshire South
Notes to the Financial Statements for the Year Ended 31 July 2021
| Unrestricted General Designated funds Asset Maintenance Reserve Minsk International Travel Reserve Diane Greenwood Jayne Charity Bequest Parva House Activity Centre Nellie Doubleday Centre County Weekend Baden Powell Challenge Weekend International Experience Poacher Millfield Campsite Brownie Brain Challenge Australian Bush Fire Appeal Training L&D Challenge Event Anna Conroy Trust Patricia Gladys Miller Legacy Designated Total unrestricted Restricted Capital funds Total funds |
Balance at 1 August 2019 £ 150,254 4,000 12,752 5,667 961 1,862 44,347 27,916 4,466 3,666 25,000 17,091 1,504 135 - - - - - 149,367 299,621 2,223 529,592 831,436 |
Incoming resources £ 38,435 - 487 3,810 - - 20,027 15,950 6 - - - 281 108 1,021 4,451 166 158 8,343 54,808 93,243 - - 93,243 |
Resources expended £ (27,259) - (2,723) - - - (7,976) (7,339) (4,472) - - - (605) - (1,021) - - - - (24,136) (51,395) - - (51,395) |
Balance at 31 July 2020 £ 161,430 |
|---|---|---|---|---|
| 4,000 10,516 9,477 961 1,862 56,398 36,527 - 3,666 25,000 17,091 1,180 243 - 4,451 166 158 8,343 |
||||
| 180,039 | ||||
| 341,469 2,223 529,592 |
||||
| 873,284 |
12 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted General £ Designated £ - - 186,809 153,673 (888) - 185,921 153,673 |
Restricted £ - 2,223 - 2,223 |
Capital funds £ 529,592 - - 529,592 |
Total funds £ 529,592 342,705 (888) |
|---|---|---|---|---|
| 871,409 |
13 Related party transactions
During the year the charity made the following related party transactions:
Poacher Trading Limited
Girlguiding Lincolnshire South have a 25% shareholding in Poacher Trading Ltd. The value of the shareholding is £73,342.52.
Page 16