Registered number: SC255558 Charity number: SC030126 ACROSS TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER
CONTENTS Page Reference and administrative details of the charity, its trustees and advisers 1 Trustees' report 2-6 Independent auditors' report 7-8 Statement of financial activities 9 Balance sheet 10 Notes to the financial statements 11-18
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER Trustees Marianne Wanstall, Chairman Thomas Allen (resigned 19 May ) Deborah Hourihan Margaret McElroy (resigned 19 May ) Alfred McKendrick John O'Meara (resigned 20 September ) Yvonne Robb Pearson (resigned 8 April ) Michael Veal, Treasurer Company registered number SC255558 Charity registered number SC030126 Registered office Upper Riochan, Inveraray, Argyll, PA32 8UR Independent auditors French Duncan LLP, Eldon House, 74 Townhead, Kirkintilloch, Glasgow, G66 1NZ Bankers Bank of Scotland, 100/102 Cowgate, Kirkintilloch, G66 1JQ Page 1
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of ACROSS (the company) for the year ended 31 December. The Trustees confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005. Structure, governance and management ORGANISATIONAL STRUCTURE AND DECISION MAKING ACROSS was incorporated as a company limited by guarantee on 8 September 2003. It has charitable status. It succeeded a predecessor charity, Across Scotland, as from 1 January 2004. ACROSS is governed by a Management Committee of its Trustees of not less than three and not more than nine persons, who are also directors, for Companies Act purposes, of ACROSS. The Management Committee is entitled to appoint new members and any members so appointed are required to resign at the Annual General Meeting following their appointment and may offer themselves for re-election. Membership of the Management Committee is for a period of five years and one third of the membership of the Management Committee is required to retire by rotation each year and can offer themselves for re-election. The Management Committee usually meets four times a year, or more often if needed. There is frequent email and telephone contact between the members as matters arise. No member of the Management Committee is entitled to receive any remuneration for his or her services. New members of the Management Committee are identified by their commitment to and prior involvement in the work of ACROSS and/or by the specific skills they bring to the Committee. Induction and training is provided by the provision of relevant background information. ACROSS employs drivers and staff based in Lourdes and in the UK. In addition, the members of the Management Committee are heavily involved in voluntary work for the charity. All work carried out is conducted within the principles and guidelines established by the Management Committee. In addition, the members of the Management Committee and other helpers provide medical advice and support along with fundraising, administrative and accounting support. It is estimated that the total annual amount of voluntary support is equivalent to at least two full-time employees. The Trustees confirm that major risks to which ACROSS is exposed have been reviewed and systems have been established to manage those risks. Page 2
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER Objectives and Activities POLICIES AND OBJECTIVES The Articles of Association of ACROSS state that its objectives are "to relieve sickness and suffering, to advance religion and in particular in furtherance of these objects to provide pilgrimages, holidays and other travel for persons with ill-health and/or disability, by suitable transport. These objectives are principally addressed by providing pilgrimages by a specially built coach, known as a Jumbulance, to the Marian pilgrimage centre in Lourdes in the south of France. These vehicles carry appropriate medical facilities and equipment. ACROSS aims to enable the pilgrims to participate in a spiritual experience, whilst also enjoying holiday activities and the company of others, in different surroundings. Each pilgrimage takes up to 24 pilgrims, comprising up to 10 sick or disabled ("VIPs") and a complement of helpers, usually including a priest, a doctor, two or more nurses and general helpers. Because of the special facilities and equipment, which limit the carrying capacity of the vehicles to around half that of conventional coaches, it is inevitably the position that the costs are much higher than other forms of transport. However, ACROSS do not think it reasonable to ask pilgrims to contribute significantly more than they would pay by other means of transport and as a result, the balance of the cost not covered by contributions therefore needs to be covered by voluntary income. A similar, but smaller vehicle is based in Lourdes and used for transport of pilgrims in Lourdes and on day excursions from Lourdes. The pilgrimages could not operate without the considerable assistance provided by the helpers who not only provide unpaid assistance to the pilgrimages' VIPs, but also make the standard contribution towards the costs. The services provided by ACROSS are open to all members of the public. Although the prime focus is the pilgrimage to Lourdes, there is no requirement for a pilgrim to be of the Christian or any faith and some are not. The Trustees are satisfied that ACROSS meets the requirements for public benefit set out in Section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and as defined in Section 8 of that Act. Achievements and performance REVIEW OF ACTIVITIES Severe flooding returned to Lourdes in June, for the second time within eight months. The hotel used by ACROSS, Hotel Mediterranee was inundated to a depth of 1.5 metres throughout its ground floor. Owing to the sterling efforts of our Lourdes staff and support and assistance from the owner and management of the Hotel Mediterranee, alternative accommodation for the remainder of the season was arranged at the Hotel Eliseo. So with very little change, a full programme of pilgrimages to Lourdes was provided. During the year, there were 29 separate ACROSS groups, which took a total of 694 pilgrims, comprising 270 VIPs and 424 helpers. In addition, ACROSS assisted 3 diocesan Lourdes pilgrimages and 2 holiday groups. The assisted groups consisted of 91 travellers of which 43 were VIPs with 48 helpers. In achieving its objectives, ACROSS is subject to the usual factors that affect any operation of this nature and size. As regards factors outside of its control, as contributions from pilgrims are established prior to the commencement of the season, ACROSS is particularly subject to unexpected fuel price increases and exchange rate fluctuations between the pound and the euro. Page 3
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER Financial review FINANCIAL REVIEW As indicated in the Statement of Financial Activities incorporating the Income & Expenditure account, the total costs of the charitable activities was 786,047 including 102,280 depreciation. The cash outgoings were therefore 683,767. The amounts received by way of contributions from pilgrims and others totalled 558,752, representing 82% of our cash costs and 71% of the total costs. ACROSS continued to enjoy a substantial level of voluntary income in. Once again, this more than covered our operational cash shortfall. Unrestricted donations, legacies, gift-aid tax recovered, interest and events income totalled 510,679 after deducting related costs. Within this total, donations from Friends of ACROSS who have committed to give their support on a regular basis totalled 29,836. This is of considerable benefit in financial planning. As was first reported in 2011 and noted in, ACROSS is in receipt of a substantial legacy (referred to in note 2 to the Financial Statements). A further cash distribution of 128,000 was received in and has been included in the new vehicle designated fund. Much of the remainder of the estate consists of property, but owing to its size and the complexity of disposal, the timescale of full winding-up is providing to be rather protracted. No firm date for completion has been given, but a further distribution is expected in the next few weeks. Amounts received by Restricted Funds totalled 1,396 and financial support provided by these amounted to 17,105. The balances remaining in Restricted Funds, 42,989, relating to the 2007 and 2011 Jumbulance Funds and the new Micro Fund have been transferred to General Funds. Particulars of the reserves held and the movement on them are given in note 16 to the Financial Statements. The free reserves of the General Fund as at 31 December totalled 508,236. The amount required to provide a reserve against shortfalls in future net operating income is considered to be approximately 175,000. All surplus to immediate requirements are held in interest bearing sterling and euro bank accounts. A longer-term financial investment strategy with the two-fold aim of a higher return plus fund security will be implemented by the end of 2014. After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Page 4
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER Plans for the future FUTURE DEVELOPMENTS ACROSS will continue to provide pilgrimages to Lourdes on a weekly basis between Easter and the end of October. A new vehicle to replace the present Lourdes based vehicle is due to enter service at the beginning of the 2014 season. The vehicle it is replacing was returned to the UK in and has been sold. The Trustees have engaged a firm of consultants who are currently working with them to help develop a long term strategic plan. Page 5
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER TRUSTEES' RESPONSIBILITIES STATEMENT The Trustees (who are also directors of ACROSS for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. DISCLOSURE OF INFORMATION TO AUDITORS Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that: so far as that Trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information. In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the Trustees on and signed on their behalf by: Marianne Wanstall, Chairman Page 6
INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES AND MEMBERS OF ACROSS We have audited the financial statements of ACROSS for the year ended 31 December set out on pages 9 to 18. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities). This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's Trustees, as a body, in accordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the charitable company's Trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's Trustees, as a body, for our audit work, for this report, or for the opinion we have formed. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITORS As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. We have been appointed auditors under the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report to you in accordance with regulations made under those Acts. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors. SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the Trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Trustees' report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. Page 7
INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES AND MEMBERS OF ACROSS OPINION ON FINANCIAL STATEMENTS In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 December and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. OPINION ON OTHER MATTER PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion the information given in the Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion: the company has not kept proper and adequate accounting records, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees' remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and to take advantage of the small companies' exemption in preparing the Trustees' report. John Anderson (Senior statutory auditor) for and on behalf of French Duncan LLP Chartered Accountants Eldon House 74 Townhead Kirkintilloch Glasgow G66 1NZ Date: French Duncan LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 8
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER INCOMING RESOURCES Unrestricted Note Restricted Incoming resources from generated : Voluntary income 2 483,534 1,396 484,930 278,020 Activities for generating 3,6 30,345-30,345 28,382 Investment income 4 13,663-13,663 10,813 Incoming resources from charitable activities 5 558,752-558,752 525,706 TOTAL INCOMING RESOURCES 1,086,294 1,396 1,087,690 842,921 RESOURCES EXPENDED Costs of generating : Costs of generating voluntary income 7 4,625-4,625 4,560 Fundraising expenses and other costs 6 12,238-12,238 13,529 Charitable activities 768,942 17,105 786,047 719,843 Governance costs 9 7,579-7,579 3,275 TOTAL RESOURCES EXPENDED 10 793,384 17,105 810,489 741,207 NET INCOMING RESOURCES / (RESOURCES EXPENDED) BEFORE TRANSFERS 292,910 (15,709) 277,201 101,714 Transfers between Funds 16 42,989 (42,989) - - NET MOVEMENT IN FUNDS FOR THE YEAR 335,899 (58,698) 277,201 101,714 at 1 January 1,127,756 159,416 1,287,172 1,185,458 TOTAL FUNDS AT 31 DECEMBER 1,463,655 100,718 1,564,373 1,287,172 The notes on pages 11 to 18 form part of these financial statements. Page 9
REGISTERED NUMBER: SC255558 BALANCE SHEET AS AT 31 DECEMBER FIXED ASSETS Note Tangible assets 13 384,992 449,287 CURRENT ASSETS Stocks 3,875 3,956 Debtors 14 169,236 57,543 Cash at bank 1,054,225 840,356 1,227,336 901,855 CREDITORS: amounts falling due within one year 15 (47,955) (63,970) NET CURRENT ASSETS 1,179,381 837,885 NET ASSETS 1,564,373 1,287,172 CHARITY FUNDS Restricted 16 100,718 159,416 Unrestricted 16 1,463,655 1,127,756 TOTAL FUNDS 1,564,373 1,287,172 The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements were approved by the Trustees on behalf, by: and signed on their Marianne Wanstall, Chairman The notes on pages 11 to 18 form part of these financial statements. Page 10
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 1. ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005, applicable accounting standards and the Companies Act 2006. 1.2 Company status The company is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to 1 per member of the company. 1.3 Fund accounting The unrestricted are those that are available for use at the discretion of the trustees in furtherance of the objects of ACROSS. The designated fund is available for use for the purposes stipulated by the trustees. The restricted are used in accordance with the requirements indicated by the donors. The assets acquired by restricted are held as assets, and the relevant depreciation is treated as expenditure, by those. Interest attributable to the amounts held by the restricted is allocated to those. 1.4 Incoming resources All incoming resources are included in the Statement of financial activities when ACROSS is legally entitled to the income, and the amount can be quantified with reasonable accuracy. No amounts are included in the financial statements for services donated by volunteers. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Resources expended All expenditure is accounted for on an accruals basis. Resources expended comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs comprise all costs relating to compliance with regulations and constitutional requirements. These costs include statutory audit fees and legal fees. 1.6 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor vehicles - 12.5% Straight Line Motor Vehicles acquired second - 25% Reducing Balance hand Fixtures & fittings - 33.33% Reducing Balance Office equipment - 33.33% Reducing Balance Page 11
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 1. ACCOUNTING POLICIES (continued) 1.7 Operating leases Rentals under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term. 1.8 Stocks Stocks are valued at the lower of cost and net realisable value. 1.9 Taxation The charity is a company limited by guarantee and has charitable status under the provisions of Section 505 of the Income & Corporation Taxes Act 1988. 1.10 Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are taken into account in arriving at net incoming resources. 2. VOLUNTARY INCOME Unrestricted Restricted Donations 74,500 1,396 75,896 77,137 Legacies 400,765-400,765 191,145 Similar incoming resources 8,269-8,269 9,738 Voluntary income 483,534 1,396 484,930 278,020 During 2011 ACROSS became entitled to a legacy, comprising a share in the residuary estate of a deceased benefactor. Part of that entitlement, representing an interest in land, was appropriated to ACROSS by the executors of the deceased in both 2011 and and was included as income in those years totalling 438,461. A further cash distribution of 128,000 was received in and is included above. The remainder of the legacy has a value of approximately 370,000, based on values at the date of death of the deceased, as established for probate purposes. However the amount that will be received in due course cannot at this stage be measured with sufficient reliability as it will depend on the amounts actually realised and the associated costs. Consequently no amount has been included in respect of this further entitlement. Page 12
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 3. FUNDRAISING INCOME Unrestricted Restricted Events,draws and merchandise 30,345-30,345 28,382 4. INVESTMENT INCOME Unrestricted Restricted Bank Interest 13,663-13,663 10,813 5. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Unrestricted Restricted Pilgrimage Income 558,752-558,752 525,706 6. TRADING ACTIVITIES Fundraising trading expenses Unrestricted Restricted Fundraising trading costs 12,238-12,238 13,529 Net expenditure from trading activities 12,238-12,238 13,529 7. COSTS OF GENERATING VOLUNTARY INCOME Unrestricted Restricted Publicity, postage, stationery and telephone costs 4,625-4,625 4,560 Page 13
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 8. CHARITABLE ACTIVITIES; DIRECT COSTS Office and other costs 65,456 52,016 Vehicle operating costs 95,357 87,243 Pilgrimages group expenses 296,687 267,958 Grants towards contributions from restricted 17,105 37,456 Gain on sale of vehicles (9,350) (8,527) Wages and salaries 186,109 159,005 National insurance 32,403 27,741 Depreciation 102,280 96,951 786,047 719,843 9. GOVERNANCE COSTS Unrestricted Restricted Auditors' remuneration 3,000-3,000 1,725 Committee expenses 4,579-4,579 1,550 7,579-7,579 3,275 10. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Staff costs Depreciation Other costs Costs of generating voluntary income - - 4,625 4,625 4,560 Fundraising expenses - - 12,238 12,238 13,529 Costs of generating - - 16,863 16,863 18,089 Direct costs 218,512 102,280 465,255 786,047 719,843 Governance - - 7,579 7,579 3,275 218,512 102,280 489,697 810,489 741,207 Page 14
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 11. NET INCOMING RESOURCES / (RESOURCES EXPENDED) This is stated after charging: Depreciation of tangible fixed assets: - owned by the charity 102,280 96,951 Auditors' remuneration 3,000 1,725 During the year, no Trustees received any remuneration ( - NIL). During the year, no Trustees received any benefits in kind ( - NIL). 6 Trustees received reimbursement of expenses amounting to 4,579 in the current year, ( - 6 Trustees - 7894). 12. STAFF COSTS Staff costs were as follows: Wages and salaries 186,109 159,005 Social security costs 32,403 27,741 218,512 186,746 The average monthly number of employees during the year was as follows: No. No. Direct 7 6 No employee received remuneration amounting to more than 60,000 in either year. Page 15
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 13. TANGIBLE FIXED ASSETS Cost Motor Fixtures & Office vehicles fittings equipment At 1 January 797,873 12,040 6,471 816,384 Additions 32,296 10,269-42,565 Disposals (49,000) - - (49,000) At 31 December 781,169 22,309 6,471 809,949 Depreciation At 1 January 352,219 8,484 6,394 367,097 Charge for the year 97,646 4,634-102,280 On disposals (44,420) - - (44,420) At 31 December 405,445 13,118 6,394 424,957 Net book value At 31 December 375,724 9,191 77 384,992 At 31 December 445,654 3,556 77 449,287 14. DEBTORS Trade debtors 14,979 11,991 Other debtors 138,429 26,761 Prepayments and accrued income 15,828 18,791 169,236 57,543 15. CREDITORS: Amounts falling due within one year Other taxation and social security 12,247 10,713 Other creditors 434 8,647 Accruals and deferred income 35,274 44,610 47,955 63,970 Page 16
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 16. STATEMENT OF FUNDS Designated Brought Incoming Resources Transfers Carried Forward resources Expended in/out Forward New Vehicle Fund 442,427 128,000 - - 570,427 General General Funds - all 685,329 958,294 (793,384) 42,989 893,228 Unrestricted 1,127,756 1,086,294 (793,384) 42,989 1,463,655 Restricted 2007 New Jumbulance Fund 30,395 - - (30,395) - 2011 New Jumbulance Fund 7,787 - - (7,787) - New Micro Fund 4,807 - - (4,807) - Helpers Funds 116,427 1,396 (17,105) - 100,718 159,416 1,396 (17,105) (42,989) 100,718 of 1,287,172 1,087,690 (810,489) - 1,564,373 The 2007,2011 Jumbulance and the New Micro Fund all related to amounts received for vehicles that have been acquired. The balances remaining have been transferred to the General Fund. The Helpers Funds were established in order to support helpers in funding their contributions. The Designated fund for further new vehicles was established by the trustees, following receipt of the legacy described in note 2. SUMMARY OF FUNDS Brought Incoming Resources Transfers Carried Forward resources Expended in/out Forward Designated 442,427 128,000 - - 570,427 General 685,329 958,294 (793,384) 42,989 893,228 1,127,756 1,086,294 (793,384) 42,989 1,463,655 Restricted 159,416 1,396 (17,105) (42,989) 100,718 1,287,172 1,087,690 (810,489) - 1,564,373 Page 17
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted Tangible fixed assets 384,992-384,992 449,287 Current assets 1,126,618 100,718 1,227,336 908,365 Creditors due within one year (47,955) - (47,955) (70,480) 1,463,655 100,718 1,564,373 1,287,172 18. CAPITAL COMMITMENTS At 31 December the company had capital commitments as follows: Contracted for but not provided in these financial statements 103,800-19. OPERATING LEASE COMMITMENTS At 31 December the company had annual commitments under non-cancellable operating leases as follows: Expiry date: Within 1 year 6,908 - Between 2 and 5 years 2,632 9,540 Page 18