Statement of Financial Activities
for the Year Ended 31 December 2019 31.12.19 31.12.18
Notes
INCOMING RESOURCES Subscriptions
Other charitable trading income Investment income
Total Undesignated Income
Resources expended Charitable Expenditure Administrative Expenses
NET INCOME RESOURCES FOR THE YEAR 3 Taxation NET MOVEMENT IN FUNDS
Reconciliation of funds Fund balance brought forward
4 £ £
214,163 222,308 69,392 2,971
63,403 2,395
286,526 288,106
263,951 230,180 1,336
22,575 56,590 – 22,575 – 56,590 402,861 346,271 FUND BALANCES CARRIED FORWARD 425,436 402,561 Accounting Policies
The statement of fi nancial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
All funds are unrestricted. The notes form part of these fi nancial statements Balance Sheet
31 December 2019 Notes
CURRENT ASSETS Debtors
Cash at bank and in hand
CREDITORS Amounts falling due within one year 6
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
RESERVES Other reserves
Income and expenditure account
7 7
5
31.12.19 31.12.18 £
£ 2,695 8,139
428,387 411,457 431,082 419,596
3,183 14,274 427,899 405,322 427,899 405,322 2,463 2,461
425,436 402,861 427,899 405,322
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.
Context 170, August 2020
Gross Salaries Employers N I
Pension Contributions
3. Operating Surplus The operating surplus is stated after charging:
Trustees’ remuneration and other benefi ts etc Accountant’s fees – independent examination
31.12.19 31.12.18 £ -
£ -
720 720 47
Accounting Convention 1. The fi nancial 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) (eff ective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Turnover All incoming resources are included on the Statement of
Financial Activities when the charity is legally entitled to the income and the amount can be qualifi ed with reasonable accuracy.
Tangible Fixed Assets All assets with an original cost of £2,000 or less are charged to
the Statement of Financial Activities in the year of purchase. 2. Staff Costs
31.12.19 31.12.18 £
£
127,482 97,520 6,941 7,209
4,602 5,903
141,632 108,025
The members have not required the company to obtain an audit
of its fi nancial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for:
a. ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b. preparing fi nancial statements which give a true and fair view of the state of aff airs of the company as at the end of each fi nancial year and of its surplus or defi cit for each fi nancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fi nancial statements, so far as applicable to the company. These fi nancial statements have been prepared in accordance
with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The fi nancial statements were approved by the Board of Trustees
(Directors) on 27 April 2020 and were signed on its behalf by: S M Benbow – Director Notes to the Financial Statements
for the Year Ended 31 December 2019
Report of the Directors and Unaudited Financial Statements for the Year Ended 31 December 2019
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