REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
VISIBLE FICTIONS |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
VISIBLE FICTIONS |
VISIBLE FICTIONS |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2018 |
Page |
Report of the Trustees | 1 to 5 |
Independent Examiner's Report | 6 |
Statement of Financial Activities | 7 |
Balance Sheet | 8 to 9 |
Notes to the Financial Statements | 10 to 14 |
VISIBLE FICTIONS (REGISTERED NUMBER: SC144133) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2018 |
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 31 March 2018. 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 2015). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
Mission Statement: |
Visible Fictions exists to thrill, delight and inspire children, young people and adults with our head-turning, heart-flipping, |
diversely-accessible artistic projects, productions and activities. |
Charitable Objectives: |
Place artistic excellence and experimentation at the heart of all of our work, initiating visionary creative collaborations that inspire |
and educate young people, professional artists and audiences through our work. |
Connect meaningfully with the diverse communities we serve - young people, artists, audiences, to engage an increasing number of |
diverse people through work which has accessibility at its core. |
Integrate all our activities - artistic, business, education, creative learning and audience development - to achieve common purpose |
and shared ambition. |
Be international in our outlook, proudly representing Scotland as a creative nation whilst welcoming international influences in our |
work. |
Be integral to the artistic, social, political and economic infrastructure helping individuals, organisations, companies, local |
authorities and governments achieve their aims. |
Actively develop a valued, skilled, diverse and dynamic team of people (employed, freelance and volunteer) and provide conditions |
and places of work where they and the company can flourish |
Finance the Company's work through a robustly managed 'mixed economy' of income sources attracted to the company by its |
consistent high quality and a flexible, proactive and responsive administration. |
These objectives will be monitored and achieved through the following strands of activity: |
Continue the online presentation of twenty-seven commissioned 'Now I Am' talking-head monologues and associated interviews. |
Present the 'Now I Am' (talking heads) at the Edinburgh International Children's Festival. |
Initial development of a clown based theatre production - 'Slug' for primary school children. |
Continue the development of our interactive site responsive theatre game experience 'The Hidden'. |
Transform schools across Scotland into theatrical spaces with a tour of 'Jason and the Argonauts'. |
Distribute education resource materials of 'Jason and the Argonauts' to schools. |
Present a new site responsive work, working title 'The Hidden', with game playing at the heart of the piece in Paisley Public Library |
for teenage participants. |
Create a schools project to enhance learning opportunities around 'The Hidden'. |
Commission and develop a new stop-frame animation script - 'Papergee and the Spider'. |
Start pre-production work on the new stop-frame animation 'Papergee and the Spider'. |
Present 'Now I Am' (the film) at international film festivals. |
Develop our audience reach and engagement by use of social media and digital formats |
Create an online storytelling experience for audiences during the festive season, 'Let's Ruin Christmas' |
Collaborate with the Royal Conservatoire of Scotland to assist with actor training modules. |
Be involved with boards, management groups, conferences and working groups throughout the year. |
Formalise support given to the theatre community. |
Support and give opportunities for individual staff and team development. |
Find ways to more accurately and actively reflect Societal Demographic. |
Monitor and reduce the company's carbon and emissions. |
VISIBLE FICTIONS (REGISTERED NUMBER: SC144133) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2018 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Visible Fictions performed to some 6367 young people and adults at home and abroad, with over 87 performances for audiences in |
theatres, schools, and on the internet. We presented a series of online monologues to an audience of 20337 both here in Scotland |
and across the world. We increased our Facebook followers by 10.5%, our Instagram followers by 28% and our Twitter followers |
by 19.5%. |
The following artistic activity took place: |
'Now I Am…' the talking heads, 27 new commissions by 27 writers |
As part of the celebratory project marking the company's 25th birthday, a total of 27 writers were commissioned to each create a |
short monologue. Each of these monologues were delivered by actors who have been associated with Visible Fictions' throughout its |
25 years. These monologues (and interviews with the actors) were filmed in the beautiful setting of the Kings Theatre in Glasgow |
and published on Visible Fictions' Social Media Channels throughout the year. Several of the monologues were also presented at the |
opening weekend event of Edinburgh International Children's Festival for the public to access freely. |
'Now I Am…' the film |
As part of the celebratory project marking the company's 25th birthday a total of 27 writers were commissioned to each create a |
short monologue. Ten of these were adapted into film script format and developed into a short dramatic film which has been |
presented at the Reel East Texas Film Festival and the Festigious Film Festival, Los Angeles, where the film was a finalist in the |
Best Picture category (short film) |
'Jason and the Argonauts' by Robert Forrest |
As part of the pilot project Theatre in Schools Scotland, a partnership between National Theatre of Scotland, Imaginate, Catherine |
Wheels, Starcatchers and Visible Fictions, Visible Fictions presented 'Jason and the Argonauts' in schools across of Scotland. The |
project reached 26 of the 32 local authorities. |
'The Hidden' - created by Cameron Hall and Douglas Irvine |
Visible Fictions further explored the creation of a game/theatrical interactive experience for teenager audience/participants - one |
where they are faced with a mystery which only research using the books within this particular library will help them to uncover. |
This production was presented in partnership with Paisley Central Library and in association with Paisley Arts Centre, for teenagers |
and adults - with public and schools only performances. The production's many connecting themes tie in profoundly with the |
curriculum for excellence, and a creative learning programme was created and delivered in schools. |
'Papergee and the Spider' by Frances Poet |
The company commissioned a new script for a stop frame animation. Then in collaboration with Eleanor Stewart, the company |
embarked upon a period of planning, storyboarding and making of an animatic. This was followed by the initial making of models |
and puppets. Filming will start later in the next financial year. |
'Let's Ruin Christmas' by Lisa Keddie |
Visible Fictions presented this beautifully touching, fun and poignant, festive story in seven short episodes, delivered via social |
media. |
The following development periods took place: |
'Slug' |
Collaborating with the award-winning clown theatre artist Melanie Jordan, the company undertook initial exploratory development |
work for a new theatre production for primary children. Exploring the comic relationship between an overly protective gardener and |
the slug that appears one day in a perfectly manicured garden, several artists were brought together to explore the idea's potential. |
The Company took part in the extended national and international cultural infrastructure by: |
VISIBLE FICTIONS (REGISTERED NUMBER: SC144133) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2018 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Visible Fictions' Artistic Director providing teaching and mentoring at the Royal Conservatoire of Scotland; he continued his roles |
serving on the Board of Directors of the USA based organisation International Performing Arts for Youth and the Scottish based |
organisation Puppet Animation Scotland. He also was a member of the Management Group of the Scottish Drama Training |
Network. |
Further to this the company has hosted a number of placements throughout the year, for children in S4 schools, independent |
applicants and students from the Royal Conservatoire of Scotland. |
Visible Fictions has played an integral role as a partner and member of the steering group of Theatre in Schools Scotland - a pilot |
scheme between the National Theatre of Scotland, Imaginate, Catherine Wheels, Starcatchers and Visible Fictions - designed to |
bring 'world-class theatre' to primary schools. |
The company maintains active membership of the Federation of Scottish Theatre, the Independent Theatre Council, Creative |
Carbon Scotland and Arts and Business. |
The company also undertook the following internal developments: |
Delivered year two's objectives of the company's Equalities, Diversity and Inclusion Action Plan. This began with examining and |
revising all official company documentation to ensure EDI is embedded in our values and actions as well as materials and |
documents. |
All permanent staff and board were provided with EDI training surrounding the Equality Act 2010. |
All content on website was made fully accessible to those with sight or hearing impairments |
Funds have been specifically allocated within each project budget to allow for increased access, including the availability of BSL |
interpretation and Audio Description as well as captioning and subtitling all of the company's online activity. |
A new data gathering form has been created and actioned over the course of the year and trials have begun using a number of other |
data gathering methods with a view to identifying the best most effective way to gather audience and staff data. |
At least 10% of the companies work in the last year has been performed in non-traditional theatre spaces to increase localised |
access in hard to reach places. |
The company has recorded year two of its Carbon Footprint after setting some baselines in year 1. As well as carbon, power usage, |
landfill and recycling bags are monitored, indicating an increase is use of recyclable materials including cans and glass. Ethically |
sourcing the resources used in the office means that only 100 % recycled paper for both photocopy and headed stationary is used in |
the Visible Fictions office. The revised environmental policy is published on the Visible Fictions website. The company have |
actively promoted its membership to the Green Arts Initiative and shared green ideas over social media platforms. Continuing to |
build on what has already been achieved, a Green Team Action Plan has been created. This will guide further good practice |
including but not limited to; the creation of portable recycling stations in rehearsal rooms, adding a green checklist to new start |
forms to ensure all freelance staff are following the company's policy; switching to energy saving lamps in the office instead using |
the overhead strip lights. |
FINANCIAL REVIEW |
Financial position |
Principal Funding Sources: |
The charitable company's principal funding during the period was received from Creative Scotland. The company also |
self-generated income totalling nearly 24% of the company's total income. |
Financial position: |
The charitable company's reserves policy is to establish an operating reserve to cover 3 months of running costs, allowing the |
company, in the event of having to cease trading, to be able to cover all necessary administration costs. |
The company has firm plans in place to use current reserves to invest in future artistic product that will allow further diversification |
of artistic output, to include a full scale music theatre production, an animation, game-based participatory event and development of |
a clowning piece. |
VISIBLE FICTIONS (REGISTERED NUMBER: SC144133) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2018 |
FINANCIAL REVIEW |
Reserves policy |
The charitable company's reserves policy is to establish an operating reserve to cover 3 months of running costs, allowing the |
company, in the event of having to cease trading, to be able to cover all necessary administration costs. |
The company plans to use reserves to invest in future artistic product that will allow further diversification of artistic output: namely |
in the making of a short film and in the creation of a short animation |
FUTURE PLANS |
Create 'Papergee and the Spider' - a new stop frame animation. |
Present 'The Hidden' in partnership with the Edinburgh International Book Festival and present it at other library venues across |
Scotland. |
Collaborate with The Children's Wood to create a participative theatre performance. |
Further develop 'Slug' - a clown/puppet based theatre piece. |
Present 'Ladder to the Stars' at the MacRobert for the festive period |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The company was incorporated as a company limited by guarantee under the Companies Act 2006 and is controlled by its |
governing document, the Memorandum and Articles of Association. |
Recruitment and appointment of new trustees |
Visible Fictions regularly reviews the skills and experience needed on the Board in order to perform governance role and support |
the company to meet its objectives. Current skills held by the members of the Board include: Community Arts, Community |
Education, Finance, Strategy, Marketing, Social Media and General Management. |
The maximum number and minimum number respectively of the Directors may be determined from time to time by ordinary |
resolution. Subject to and in default of any such determination there shall be no maximum number of Directors and a minimum |
number of two. |
Recruitment of new Board members focusses on obtaining the necessary skills and experience. However, in order to ensure the |
make-up of the Board reflects Visible Fictions' audiences, participants and stakeholders, recruitment activities proactively seek |
people from underrepresented sectors (age, gender, ethnicity and disability) with the appropriate skills and experience. |
Induction and training of new trustees |
The company follows an induction process for potential new Board members to ensure that the appointment is right for all parties |
and that the individual is well briefed about the company and their role and responsibilities as a Board member. In addition any |
relevant introductory training courses are readily made available. |
Visible Fictions is committed to supporting the training and development of its Board members in order to help them in their role as |
a non-executive director of a charitable arts organisation. |
The Board has developed a full Governance policy which considers all of the above in more detail. |
No directors are entitled to any remuneration, whether in respect of his/her role as a director or office holder. However, directors |
may be paid all travelling, hotel and other expenses properly incurred by them in connection with their attendance at meetings or |
otherwise in connection with the discharge of their duties. |
VISIBLE FICTIONS (REGISTERED NUMBER: SC144133) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2018 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Risk management |
The Artistic Director, Douglas Irvine, is the Chief Executive Officer of Visible Fictions. The Artistic Director and Producer manage |
the day to day running the company. The Board monitors the running of the company. |
All plans, policies and procedures are discussed, amended and approved by the Board before implementation. |
Depending on the nature of the plan, policy or procedure the whole Board or particular members of the Board will be involved in is |
development. Each director has taken on responsibility to become a 'Champion' of one particular cross-cutting theme of the |
company's work. These themes are those of our principal stakeholder Creative Scotland and are Equalities, Diversity and Inclusion; |
Creative Learning; Digital and Environment, and the 'Champions' give that area focus and help shapes plans, policies and |
procedures undertaken. |
The company risk management strategy includes the following: |
The company's business plan and underpinning assumptions are reviewed and updated regularly. Each update is presented and |
approved by the directors. |
Each production has its own risk assessment which is covered by budget control systems, creative content assessment, financial and |
production management, health & safety issues and contingency assessment. |
Financial procedures, activities and risks are monitored monthly by the finance sub-committee (1 board member and two staff |
members). The findings are then presented and approved at each board meeting. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent examiner |
Kathleen Benham CA |
Chartered Accountants |
16 Royal Crescent |
Glasgow |
G3 7SL |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
VISIBLE FICTIONS (REGISTERED NUMBER: SC144133) |
I report on the accounts for the year ended 31 March 2018 set out on pages seven to fourteen. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee |
Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees consider that the |
audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the |
accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An |
examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those |
records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as |
trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, |
and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention: |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
Kathleen Benham CA |
Benham Conway & Co |
Chartered Accountants |
16 Royal Crescent |
Glasgow |
G3 7SL |
30 October 2018 |
VISIBLE FICTIONS |
STATEMENT OF FINANCIAL ACTIVITIES |
For The Year Ended 31 March 2018 |
31.3.18 | 31.3.17 |
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Investment income | 2 |
Total |
EXPENDITURE ON |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 290,254 |
VISIBLE FICTIONS (REGISTERED NUMBER: SC144133) |
BALANCE SHEET |
At 31 March 2018 |
31.3.18 | 31.3.17 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 11 |
Unrestricted funds | 310,100 | 289,373 |
Restricted funds | 881 |
TOTAL FUNDS | 290,254 |
VISIBLE FICTIONS (REGISTERED NUMBER: SC144133) |
BALANCE SHEET - CONTINUED |
At 31 March 2018 |
The charitable company is entitled to exemption from audit under |
Section 477 of the Companies Act 2006 for the year ended 31 March 2018. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in |
accordance with Section 476 of the Companies Act 2006. |
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. |
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 |
relating to charitable small companies. |
The financial statements were approved by the Board of Trustees on |
VISIBLE FICTIONS |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2018 |
1. | ACCOUNTING POLICIES |
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 2015)', 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. |
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. |
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. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each |
asset over its estimated useful life. |
Plant and machinery |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
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. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | INVESTMENT INCOME |
31.3.18 | 31.3.17 |
£ | £ |
Bank interest | 62 | 103 |
VISIBLE FICTIONS |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
For The Year Ended 31 March 2018 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.18 | 31.3.17 |
£ | £ |
Accountancy fees | 10,250 | 4,914 |
Depreciation - owned assets |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2018 nor for the year ended |
31 March 2017. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2018 nor for the year ended 31 March 2017. |
5. | STAFF COSTS |
31.3.18 | 31.3.17 |
£ | £ |
Wages and salaries |
The average monthly number of employees during the year was as follows: |
31.3.18 | 31.3.17 |
4 | 4 |
No employees received emoluments in excess of £60,000. |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted funds |
Restricted funds |
Total funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
Investment income |
Total |
VISIBLE FICTIONS |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
For The Year Ended 31 March 2018 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted funds |
Restricted funds |
Total funds |
£ | £ | £ |
EXPENDITURE ON |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 270,998 | 1,209 | 272,207 |
TOTAL FUNDS CARRIED FORWARD | 289,373 | 881 | 290,254 |
7. | TANGIBLE FIXED ASSETS |
Plant and machinery |
£ |
COST |
At 1 April 2017 and 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
VISIBLE FICTIONS |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
For The Year Ended 31 March 2018 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Trade debtors |
Other debtors |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Social security and other taxes |
Other creditors |
10. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
31.3.18 | 31.3.17 |
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
£ | £ | £ | £ |
Fixed assets | 3,256 | - | 3,256 | 4,341 |
Current assets | 327,065 | 553 |
Current liabilities | ( |
) | ( |
) | ( |
) |
310,100 | 553 | 310,653 | 290,254 |
11. | MOVEMENT IN FUNDS |
At 1.4.17 |
Net movement in funds |
At 31.3.18 |
£ | £ | £ |
Unrestricted funds |
General Fund | 289,373 | 20,727 | 310,100 |
Restricted funds |
Capital Fund | 881 | (328 | ) | 553 |
TOTAL FUNDS | 20,399 | 310,653 |
VISIBLE FICTIONS |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED |
For The Year Ended 31 March 2018 |
11. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming resources |
Resources expended |
Movement in funds |
£ | £ | £ |
Unrestricted funds |
General Fund | 289,105 | (268,378 | ) | 20,727 |
Restricted funds |
Capital Fund | - | (328 | ) | (328 | ) |
TOTAL FUNDS | ( |
) | 20,399 |
Comparatives for movement in funds |
At 1.4.16 |
Net movement in funds |
Transfers between funds |
At 31.3.17 |
£ | £ | £ | £ |
Unrestricted Funds |
General Fund | 270,998 | 18,375 | (60,000 | ) | 229,373 |
Contingency Fund | - | - | 60,000 | 60,000 |
270,998 | 18,375 | - | 289,373 |
Restricted Funds |
Capital Fund | 1,209 | (328 | ) | - | 881 |
TOTAL FUNDS | 272,207 | 18,047 | - | 290,254 |
Comparative net movement in funds, included in the above are as follows: |
Incoming resources |
Resources expended |
Movement in funds |
£ | £ | £ |
Unrestricted funds |
General Fund | 308,198 | (289,823 | ) | 18,375 |
Restricted funds |
Capital Fund | - | (328 | ) | (328 | ) |
TOTAL FUNDS | 308,198 | (290,151 | ) | 18,047 |
12. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 March 2018. |