REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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REPORT OF THE TRUSTEES AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2021 |
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HOME-START KETTERING AREA |
REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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REPORT OF THE TRUSTEES AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2021 |
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HOME-START KETTERING AREA |
HOME-START KETTERING AREA |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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Report of the Trustees | 1 | to | 2 |
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Statement of Financial Activities | 3 |
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Balance Sheet | 4 | to | 5 |
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Notes to the Financial Statements | 6 | to | 12 |
HOME-START KETTERING AREA (REGISTERED NUMBER: 05709942) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of 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). |
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Please visit the charity commissions website to see the full Trustees report. |
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OBJECTIVES AND ACTIVITIES |
Objectives and aims |
Home-Start helps families with young children deal with whatever life throws at them. We support parents as they learn to cope, improve their confidence and build better lives for their children. The benefits of our support include improved health and well-being and better family relationships. |
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FINANCIAL REVIEW |
Financial position |
Income for this year was £93,608 which was an increase compared to 2019-20 and with total expenditure of £72,781 we are pleased to present a surplus balance of £20,827. |
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Reserves policy |
The Trustees have reviewed the Charity’s needs for reserves in line with the guidance issued by the Charity Commission and agreed to set aside 6 months running costs at any one time to safeguard the Charity’s service commitment in the event of delays in receipt of Grants or long term staff sickness. This figure has been agreed as £50,000 for the upcoming financial year, the figure may need to increase for future years. |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
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Risk management |
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
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The Trustees ensure that the major risks to which Home-Start is exposed are reviewed and assessed and that systems are in place to mitigate those risks. The Trustees have agreed a risk assessment policy for which they have overall responsibility. |
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All key policies within the organisation are regularly reviewed and updated as appropriate to reflect any legislative changes and the latest developments and thinking in relation to best practice. |
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REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
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Registered Charity number |
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HOME-START KETTERING AREA (REGISTERED NUMBER: 05709942) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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Registered office |
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Trustees |
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Company Secretary |
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Approved by order of the board of trustees on
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HOME-START KETTERING AREA |
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STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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2021 | 2020 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
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Investment income | 3 |
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Total |
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EXPENDITURE ON |
Raising funds |
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Charitable activities |
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Total |
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NET INCOME/(EXPENDITURE) |
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RECONCILIATION OF FUNDS |
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Total funds brought forward |
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TOTAL FUNDS CARRIED FORWARD |
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89,184 |
HOME-START KETTERING AREA (REGISTERED NUMBER: 05709942) |
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BALANCE SHEET |
31ST MARCH 2021 |
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2021 | 2020 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
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CURRENT ASSETS |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 9 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS |
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FUNDS | 10 |
Unrestricted funds |
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74,145 |
Restricted funds |
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15,039 |
TOTAL FUNDS |
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89,184 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021. |
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The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006. |
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The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial 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 financial statements, so far as applicable to the charitable company. |
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HOME-START KETTERING AREA (REGISTERED NUMBER: 05709942) |
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BALANCE SHEET - continued |
31ST MARCH 2021 |
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
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The financial statements were approved by the Board of Trustees and authorised for issue on
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HOME-START KETTERING AREA |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
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Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Fixtures and fittings | - |
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Computer equipment | - |
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Taxation |
The charity is exempt from corporation tax on its charitable activities. |
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Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
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Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
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Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
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HOME-START KETTERING AREA |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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2. | DONATIONS AND LEGACIES |
2021 | 2020 |
£ | £ |
Fund raising activities |
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Grants |
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Grants received, included in the above, are as follows: |
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2021 | 2020 |
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Maud Elkington | 2,000 | 7,500 |
Children in Need | 28,854 | 28,477 |
Wilson Foundation | - | 3,334 |
Tesco | 1,000 | 1,000 |
The Quakers | 2,665 | - |
Defra | 4,704 | - |
Kettering Borough Council | 4,947 | - |
NCF | 2,150 | - |
Home Start UK | 2,222 | - |
UK Government Furlough Scheme | 3,758 | - |
52,300 | 40,311 |
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3. | INVESTMENT INCOME |
2021 | 2020 |
£ | £ |
Deposit account interest |
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4. | NET INCOME/(EXPENDITURE) |
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Net income/(expenditure) is stated after charging/(crediting): |
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2021 | 2020 |
£ | £ |
Depreciation - owned assets |
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HOME-START KETTERING AREA |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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5. | TRUSTEES' REMUNERATION AND BENEFITS |
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There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020. |
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Trustees' expenses |
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There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020. |
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6. | STAFF COSTS |
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The average monthly number of employees during the year was as follows: |
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2021 | 2020 |
Support | 1 | 1 |
Management | 1 | 1 |
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7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
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INCOME AND ENDOWMENTS FROM |
Donations and legacies |
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Investment income |
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Total |
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EXPENDITURE ON |
Raising funds |
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Charitable activities |
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1,773 | 3,006 |
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Total |
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NET INCOME/(EXPENDITURE) | ( |
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HOME-START KETTERING AREA |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | fund | funds |
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RECONCILIATION OF FUNDS |
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Total funds brought forward | 75,580 | 10,014 |
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TOTAL FUNDS CARRIED FORWARD | 74,145 | 15,039 | 89,184 |
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8. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st April 2020 |
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Additions |
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At 31st March 2021 |
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DEPRECIATION |
At 1st April 2020 |
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Charge for year |
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At 31st March 2021 |
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NET BOOK VALUE |
At 31st March 2021 |
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At 31st March 2020 |
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HOME-START KETTERING AREA |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Social security and other taxes |
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Other creditors |
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10. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/4/20 | in funds | 31/3/21 |
£ | £ | £ |
Unrestricted funds |
General fund | 74,145 | 27,249 | 101,394 |
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Restricted funds |
Restricted Funds | 15,039 | (6,422 | ) | 8,617 |
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TOTAL FUNDS |
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20,827 | 110,011 |
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Net movement in funds, included in the above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 49,178 | (21,929 | ) | 27,249 |
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Restricted funds |
Restricted Funds | 44,430 | (50,852 | ) | (6,422 | ) |
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TOTAL FUNDS |
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HOME-START KETTERING AREA |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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10. | MOVEMENT IN FUNDS - continued |
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Comparatives for movement in funds |
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Net |
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At 1/4/19 | in funds | 31/3/20 |
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Unrestricted funds |
General fund | 75,580 | (1,435 | ) | 74,145 |
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Restricted funds |
Restricted Funds | 10,014 | 5,025 | 15,039 |
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TOTAL FUNDS | 85,594 | 3,590 | 89,184 |
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Comparative net movement in funds, included in the above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 35,507 | (36,942 | ) | (1,435 | ) |
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Restricted funds |
Restricted Funds | 32,811 | (27,786 | ) | 5,025 |
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TOTAL FUNDS | 68,318 | (64,728 | ) | 3,590 |
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A current year 12 months and prior year 12 months combined position is as follows: |
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Net |
movement | At |
At 1/4/19 | in funds | 31/3/21 |
£ | £ | £ |
Unrestricted funds |
General fund | 75,580 | 25,814 | 101,394 |
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Restricted funds |
Restricted Funds | 10,014 | (1,397 | ) | 8,617 |
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TOTAL FUNDS | 85,594 | 24,417 | 110,011 |
HOME-START KETTERING AREA |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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10. | MOVEMENT IN FUNDS - continued |
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 84,685 | (58,871 | ) | 25,814 |
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Restricted funds |
Restricted Funds | 77,241 | (78,638 | ) | (1,397 | ) |
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TOTAL FUNDS | 161,926 | (137,509 | ) | 24,417 |
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11. | RELATED PARTY DISCLOSURES |
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