18
Resources and how we used them 2500
While overall income fell in 2010, Leap managed to achieve a small surplus on unrestricted funds, thanks to a 55% increase in training sales, generating a total of £365,000. This demonstrates the healthy growth of our social enterprise despite the difficult economic conditions.
The net expenditure on restricted funds reflects the costs of delivering services in 2010 for which funding had been received in previous years.
At 31 December 2010, Leap’s unrestricted reserves amounted to 1.8 months of total expenditure.
2000 1500 1000
500 0 2004
Unrestricted Funds
Income Voluntary income: Donations and grants Income from charitable activities:
Grant funding Income from charitable activities:
Sales and Fees Investment income: Bank interest
Total incoming resources
Expenditure Costs of generating funds:
Fundraising and Publicity Charitable Activities Governance costs
Total resources expended Net incoming/(outgoing) resources Fund Balance at 1 January 2010 Fund Balance at 31 December 2010
Restricted Funds
2010 total funds 2009
figures for comparison
£98,206 -
£365,715 £3,528 £467,449 £92,326
£356,305 £18,318 £466,949
£500 £283,435 £283,935 - £1,195,463 - - £1,195,463 -
£1,425,814 -
£1,425,814 (£230,351) £276,673 £46,322 £98,206 £1,195,463 £365,715 £3,528 £1,662,912 £92,326
£1,782,119 £18,318
£1,892,763 (£229,851) £560,108 £330,257 £121,122 £1,652,256 £235,170 £5,285 £2,013,833 £67,144
£2,134,565 £16,421
£2,218,130 (£204,297) £764,404 £560,108
Represented by Unrestricted funds Designated funds Restricted funds
£283,935 -
£46,322 £330,257
£194,724 £88,711
£276,673 £560,108
Balance Sheet As at 31 December 2010 2010
Tangible Fixed Assets
Current assets Stock of publications Debtors
Cash and bank
Creditors (amounts falling due within one year) Net assets
- £8,785
£83,871 £277,136 £369,792
£39,535 £330,257
2009 - £3,667
£85,390 £658,984 £748,041
£187,933 £560,108
2005 2006 2007 2008 2009 2010
Voluntary income Sales
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