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2020-08-31-accounts

Charity number: 522507

CRIFTINS PARISH HALL AND PLAYING FIELD

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

CRIFTINS PARISH HALL AND PLAYING FIELD

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5 - 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 20

CRIFTINS PARISH HALL AND PLAYING FIELD

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2020

Trustees J Baker, Chairman
J Driskell
S Davenport
I Ward, Secretary
C Jones
B Sobczak
C Wilde (resigned 1 November 2019)
H Gillam (resigned 1 February 2020)
A Gillam (resigned 1 February 2020)
S Kelly
K Egerton
Charity registered
number
522507
Principal office
Criftins Parish Hall
Dudleston Heath
Ellesmere
Shropshire
SY12 9LE
Accountants
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Page 1

CRIFTINS PARISH HALL AND PLAYING FIELD

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2020

The Trustees present their annual report together with the financial statements of the charity for the year 1 September 2019 to 31 August 2020.

Objectives and activities

a. Policies and objectives

The objectives of Criftins Village Hall are to provide a village hall for the use of the inhabitants of the Ecclesiastical Parish of Criftins and neighbourhood without distinction of sex or of political, religious or other opinions.

The Hall will be for particular use for meetings, lectures and classes, and for other forms of recreation and leisure time occupation, with the object of improving the conditions of life of the said inhabitants. There are flourishing bowls, football and tennis sections utilising the playing field. An allotment society also uses a further small section of the field. The hall is regularly used by senior citizens club, whist, snooker, table tennis, and women's institute. All pay a very modest fee for the use of the hall.

The playing field must be retained by the Committee for use as a recreational ground or playing field for the use of the inhabitants.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and performance

a. Review of activities

We continued on a positive note for the first half of the year. The bar & events held at the hall being successful. A local chef hired the kitchen & introduced food nights once a month, this proved very popular.

The winter skittles league continued with 64 players enjoying a match every week. Things were looking very positive & the Trustees were now looking towards the future & producing a business plan with the aim of applying for grants to take the Hall forwards.

Our book keeping has been moved onto a cloud-based accounting system & this is proving very helpful with keeping on top of our accounts.

Unfortunately, we were forced to close in March due to Covid-19. The Trustees have taken the decision to remain closed over the summer but we are now working towards making the hall Covid secure. We were able to secure Covid Support grants from Shropshire Council for £10,000 & £500. With this money & taking decisions to lower our overheads, we are still in a strong financial position.

We have regular income from the Post Office, Allotments, Tennis club, 200 Club & Solar panels. None of this money was affected by Covid-19.

Once we are Covid secure, the Trustees plan to open the hall gradually & work will continue on the business plan & look at all options for the future.

Page 2

CRIFTINS PARISH HALL AND PLAYING FIELD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

It is the aim of the charity to build up and maintain free reserves to cover the expected expenditure of the charity for a period of six months. At the year end the charity held free reserves of £28,865 (2019: £12,351).

Structure, governance and management

a. Constitution

Criftins Parish Hall And Playing Field is a registered charity, number 522507, and is constituted under a Charity Commission Scheme dated 29 August 2006, which came into effect when Criftins Cillage Hall (charity number: 522507) amalgamated with Criftins Playing Field (charity number: 522506).

Prior to this amalgamation, the charity was governed by a trust deed dated 31 December 1959, established when Captain Owen transferred land to the village for the objects set out below. The title of the land has not yet passed to the charity

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme.

c. Financial risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 3

CRIFTINS PARISH HALL AND PLAYING FIELD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the Charity Commission Scheme. They 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 order of the members of the board of Trustees and signed on their behalf by:

J Baker

Date:

Page 4

CRIFTINS PARISH HALL AND PLAYING FIELD

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2020

Independent examiner's report to the Trustees of Criftins Parish Hall And Playing Field ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2020.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Page 5

CRIFTINS PARISH HALL AND PLAYING FIELD

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 2011 Act; or

  2. the accounts do not accord with those records; or

  3. 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.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed:

Dated:

S J Tweedie

BSc FCA DChA

WR Partners Belmont House Shrewsbury Business Park Shrewsbury SY2 6LG

Page 6

CRIFTINS PARISH HALL AND PLAYING FIELD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020

Note
Income and endowments from:
Donations and legacies
3
Other trading activities
4
Investments
5
Total income and endowments
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Endowment
funds
2020
£
-
-
-
-
-
2,775
2,775
(2,775)
97,857
(2,775)
95,082		 Unrestricted
funds
2020
£
16,195
35,341
85
51,621
14,566
29,745
44,311
7,310
50,368
7,310
57,678		 Total
funds
2020
£
16,195
35,341
85
51,621
14,566
32,520
47,086
4,535
148,225
4,535
152,760		 Total
funds
2019
£
41,696
66,959
112
108,767
23,660
67,492
91,152
17,615
130,610
17,615
148,225

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 20 form part of these financial statements.

Page 7

CRIFTINS PARISH HALL AND PLAYING FIELD

BALANCE SHEET AS AT 31 AUGUST 2020

Note
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Endowment funds
15
Restricted funds
15
Unrestricted funds
15
Total funds		 600
1,006
28,094
29,700
(835)		 2020
£
123,895
123,895
28,865
152,760
152,760
152,760
95,082
-
57,678
152,760		 3,334
1,693
12,141
17,168
(4,817)		 2019
£
135,874
135,874
12,351
148,225
148,225
148,225
97,857
-
50,368
148,225

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

J Baker

Date:

The notes on pages 9 to 20 form part of these financial statements.

Page 8

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1. General information

The objectives of Criftins Village Hall are to provide a village hall for the use of the inhabitants of the Ecclesiastical Parish of Criftins and neighbourhood without distinction of sex or of political, religious or other opinions.

Criftins Parish Hall And Playing Field is a registered charity, number 522507, and is constituted under a Charity Commission Scheme dated 29 August 2006, which came into effect when Criftins Cillage Hall (charity number: 522507) amalgamated with Criftins Playing Field (charity number: 522506).

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Criftins Parish Hall And Playing Field 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.

2.2 Going concern

After making enquires, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

The Trustees have also assessed the potential impact on the future operations of the Charity with regard to the Covid-19 outbreak. The Charity is considered to be well positioned given the current environment with no impact on the going concern basis of the financial statements.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 9

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government Covid Support grants have been treated as income in the SOFA.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 10

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

2. Accounting policies (continued)

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.12 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 11

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

3. Income from donations and legacies

Donations
Grants
Government Covid Support Grants
Total 2019		 Restricted
funds
2020
£
-
-
-
-
39,000		 Unrestricted
funds
2020
£
3,224
2,471
10,500
16,195
2,696		 Total
funds
2020
£
3,224
2,471
10,500
16,195
41,696		 Total
funds
2019
£
2,696
39,000
-
41,696

4. Income from other trading activities

Income from fundraising events

Fundraising events
Bowling club subscriptions, fees and levies
Snooker income
Hall hire, Post Office rental and allotment rental
GMD
Other income
Total 2019		 Unrestricted
funds
2020
£
5,796
1,328
-
5,776
-
2,446
15,346
22,309		 Total
funds
2020
£
5,796
1,328
-
5,776
-
2,446
15,346
22,309		 Total
funds
2019
£
4,030
5,729
7
7,303
674
4,566
22,309

Page 12

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

4. Income from other trading activities (continued)

Income from non charitable trading activities

Bar Income
Total 2019
Investment income
Bank interest
Total 2019		 Unrestricted
funds
2020
£
19,995
44,650
Unrestricted
funds
2020
£
85
112		 Total
funds
2020
£
19,995
44,650
Total
funds
2020
£
85
112		 Total
funds
2019
£
44,650
Total
funds
2019
£
112

5. Investment income

Page 13

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

6. Expenditure on raising funds

Fundraising trading expenses

Bar expenses
Total 2019		 Unrestricted
funds
2020
£
14,566
23,660		 Total
funds
2020
£
14,566
23,660		 Total
funds
2019
£
23,660

7. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs
Total 2019		 Endowment
funds
2020
£
2,775
2,775		 Restricted
funds
2020
£
-
28,220		 Unrestricted
funds
2020
£
29,745
36,497		 Total
funds
2020
£
32,520
67,492		 Total
funds
2019
£
67,492

Page 14

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

8. Analysis of expenditure by activities

Direct costs
Total 2019
Analysis of direct costs
Depreciation
Cleaning
Lighting, heating and water
General and property insurance
General repairs and maintenance
Bowling club - Fees and league levies
Bowling club - Greens maintenance
200 Club
Event expenditure
Waste
Postage, stationery and sundries
Kitchen and Bar expenditure
GMD
Governance costs
Total 2019		 Activities
undertaken
directly
2020
£
32,520
67,492
Charitable
Activities
2020
£
12,379
1,247
4,992
1,453
4,058
450
264
2,400
699
332
1,968
-
-
2,278
32,520
67,492		 Total
funds
2020
£
32,520
67,492
Total
funds
2020
£
12,379
1,247
4,992
1,453
4,058
450
264
2,400
699
332
1,968
-
-
2,278
32,520
67,492		 Total
funds
2019
£
67,492
Total
funds
2019
£
15,447
1,431
6,294
1,392
3,863
3,720
885
1,600
2,000
275
877
28,220
213
1,275
67,492

Page 15

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,105 (2019 - £1,275) , and bookkeeping and tax support costs of £909 ( 2019 - £ - ).

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2019 - £NIL) .

During the year ended 31 August 2020, no Trustee expenses have been incurred (2019 - £NIL) .

11. Tangible fixed assets

Cost or valuation
At 1 September 2019
Additions
At 31 August 2020
Depreciation
At 1 September 2019
Charge for the year
At 31 August 2020
Net book value
At 31 August 2020
At 31 August 2019
Stocks
Bar stock and consumables		 Freehold
property
£
138,725
-
138,725
40,868
2,775
43,643
95,082
97,857		 Plant and
machinery
£
65,794
400
66,194
31,242
8,738
39,980
26,214
34,552		 Other fixed
assets
£
10,952
-
10,952
7,487
866
8,353
2,599
3,465
2020
£
600		 Total
£
215,471
400
215,871
79,597
12,379
91,976
123,895
135,874
2019
£
3,334

12. Stocks

Page 16

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

13. Debtors

Due within one year
Other debtors		 2020
£
1,006
1,006		 2019
£
1,693
1,693

14. Creditors: Amounts falling due within one year

Other loans
Trade creditors
Accruals and deferred income		 2020
£
-
30
805
835		 2019
£
1,480
1,032
2,305
4,817

Page 17

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

15. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Endowment funds
Endowment Funds - all funds
Total of funds
Statement of funds - prior year
Balance at
1 September
2018
£
Unrestricted funds
General Funds - all funds
24,668
Endowment funds
Endowment Funds - all funds
100,632
Restricted funds
Roof repair fund
5,310
The Prince's Countryside Trust
-
Tesco Bags of Help
-
Ellesmere Rural Parish Council
-
5,310
Total of funds
130,610		 Balance at 1
September
2019
£
50,368
97,857
148,225
Income
£
69,767
-
-
25,000
4,000
10,000
39,000
108,767		 Income
£
51,621
-
51,621
Expenditure
£
(60,157)
(2,775)
-
(17,960)
-
(10,260)
(28,220)
(91,152)		 Expenditure
£
Balance at 31
August 2020
£
(44,311)
57,678
(2,775)
95,082
(47,086)
152,760
Transfers
in/out
£
Balance at
31 August
2019
£
16,090
50,368
-
97,857
(5,310)
-
(7,040)
-
(4,000)
-
260
-
(16,090)
-
-
148,225
Unrestricted funds
General Funds - all funds
Endowment funds
Endowment Funds - all funds
Restricted funds
Roof repair fund
The Prince's Countryside Trust
Tesco Bags of Help
Ellesmere Rural Parish Council
Total of funds

Page 18

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

16. Summary of funds

Summary of funds - current year

General funds
Endowment funds		 Balance at
1 September
2018
£
24,668
100,632
5,310
130,610		 Balance at 1
September
2019
£
50,368
97,857
148,225
Income
£
69,767
-
39,000
108,767		 Income
£
51,621
-
51,621
Expenditure
£
(60,157)
(2,775)
(28,220)
(91,152)		 Expenditure
£
Balance at 31
August 2020
£
(44,311)
57,678
(2,775)
95,082
(47,086)
152,760
Transfers
in/out
£
Balance at
31 August
2019
£
16,090
50,368
-
97,857
(16,090)
-
-
148,225
Summary of funds - prior year
General funds
Endowment funds
Restricted funds

Page 19

CRIFTINS PARISH HALL AND PLAYING FIELD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

17. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Endowment
funds
2020
£
95,082
-
-
95,082		 Unrestricted
funds
2020
£
28,813
29,700
(835)
57,678		 Total
funds
2020
£
123,895
29,700
(835)
152,760

Analysis of net assets between funds - prior period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Endowment
funds
2019
£
97,857
-
-
97,857		 Unrestricted
funds
2019
£
38,017
17,168
(4,817)
50,368		 Total
funds
2019
£
135,874
17,168
(4,817)
148,225

18. Related party transactions

The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 August 2020.

Page 20