Ravarnet Community Network
Charity number: NIC107905
Financial Statements for the year ended 31 March 2021
1
Ravarnet Community Network
Statement of Financial Activities
For the year ending 31 March 2021
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Income from: | |||||
| Grants and donations | 416 | 2,274 | 2,690 | - | |
| Investment income | 0 | - | 0 | - | |
| Other | - | - | - | - | |
| Total income | 416 | 2,274 | 2,690 | - | |
| Expenditure on: | |||||
| Event & Community costs | 174 | 1,266 | 1,440 | - | |
| Donations to charities | 50 | 50 | - | ||
| Equipment & stationery | - | 642 | 642 | - | |
| Governance | 56 | - | 56 | - | |
| Insurance | - | 243 | 243 | - | |
| Other | 53 | 53 | - | ||
| Total expenditure | 230 | 2,253 | 2,484 | - | |
| Net income | 186 | 21 | 207 | - | |
| Transfers between funds | - | - | - | - | |
| Net gain on investment assets | - | - | “ | - | |
| Net movement in funds | 186 | 21 | 207 | - | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 16 | - | 16 | - | |
| Totalfundscarriedforward | 201 | 21 | 222 | - |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
net Community Network
ice Sheet 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fixed assets | ||
| Tangible assets | - | - |
| Investments | - | - |
| Total fixed assets | - | - |
| Current assets | ||
| Debtors | - | - |
| Cash at bank and in hand | 1,101 | 222 |
| Total current assets | 1,101 | 222 |
| Liabilities | ||
| Creditors: Amounts falling due | - | - |
| within one year | ||
| Net current assets | 1,101 | 222 |
| Total net assets | 1,101 | 222 |
| The funds ofthe charity: | ||
| Unrestricted income funds | 299 | 201 |
| Restricted income funds | 802 | 21 |
| Totalcharityfunds | 1,101 | 222 |
The trustees have prepared the financial statements in accordance with The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 for circulation to the members.
Approved by the trustees on 16 February 2021
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Signed: (
Name:
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Ravarnet Community Network Notes to the Financial Statements For the year ended 31 March 2022
- 1 Accounting policies
areThe principalsummarisedaccountingbelow. policies that have been adopted consistently throughout the year and the prior year
- 1.1 Basis of preparation
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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. The financial statements have been Prepared under the historical cost convention except for investment forassets, whichwhichthe arecharity shownis responsibleat market value.in law. The financial statements include all transactions, assets and liabilities
Ravarnet Community Network meets the definition of a public benefit entity under FRS 102.
1.2. Fund accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherancelocal community.of the charitable objects. Unrestricted funds are primarily from the receipt of donations from the
Restricted income funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Restricted income funds are mainly from local council authorities,