BRISTOL LESBIAN, GAY & BISEXUAL FORUM STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) YEAR ENDED 31 MARCH 2010 Unrestricted Funds
Restricted Funds
Total Funds 2010
Total Funds 2009
£
£
£
£
10 130 545 1,205
33,950 -
33,960 130 545 1,205
62,650 132 915
1,890
33,950
35,840
63,697
-
41,544 2,586
41,544 2,586
44,656 4,605
-
44,130
44,130
49,261
1,890
(10,180)
(8,290)
14,436
9,082
17,709
26,791
12,355
635
(635)
-
-
Note Incoming resources Incoming resources from generated funds Voluntary income Activities for generating funds ### Other income Incoming resources from charitable activities ###
Total incoming resources
###
Resources expended Costs of generating funds Fundraising trading Charitable activities Governance costs
### ###
Total resources expended
###
2
3
4 5
### Net incoming resources
6
Total funds at 1 April 2009 Gross transfers between funds Total funds at 31 March 2010
13
11,607
6,894 ###
###
All of the activities of the charity are classed as continuing The notes on pages 8 to 13 form part of these financial statements
- 6-
18,501 ###
26,791
BRISTOL LESBIAN, GAY & BISEXUAL FORUM BALANCE SHEET YEAR ENDED 31 MARCH 2010 2010 £
Note Fixed assets Tangible assets
10
Current assets Debtors Cash at bank Cash in hand Creditors : Amounts falling due within one year
2009 £
£ -
174
11
115 18,781 74 18,970
615 26,497 155 27,267
12
(469)
(650)
Net current assets
18,501
26,617
Net assets
18,501
26,791
Funds Restricted funds Unrestricted funds
13 13
6,894 11,607
17,709 9,082 18,501
26,791
These financial statements were approved by the trustees on ……………………………. and are signed on their behalf by: ………………………………. Chairperson
………………………………. Treasurer
The notes on pages 8 to 13 form part of these financial statements -7-
BRISTOL LESBIAN, GAY & BISEXUAL FORUM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2010 1
Accounting policies
a)
The financial statements have been prepared in accordance with applicable accounting standards and follow the recommendations of Statement of Recommended Practice, Accounting and Reporting by Charities issued in March 2005.
b)
Income from donations is included incoming resources when these are receivable, except as follows: i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods. ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to us such income, the income is deferred until the pre-condition have been met.
c)
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d)
Most expenditure is directly attributable to specific activities, and have been included in those cost categories. Support cost have been allocated 100% towards the charitable activities of the charity.
e)
Depreciation is calculated so as to write off the cost of an asset in equal instalments over their estimated useful economic lives as follows: Equipment
- 4 Years
f)
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
g)
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.
-8 -
BRISTOL LESBIAN, GAY & BISEXUAL FORUM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2010 2
Voluntary Income
Grants Donations
Unrestricted Funds £ 10 10
3
Restricted Total Funds Total Funds Funds 2010 2009 £ £ £ 33,950 33,950 61,500 10 1,150 33,950
33,960
62,650
Restricted Funds £
Total Funds 2010 £
Total Funds 2009 £
-
-
1,205 -
900 15
### -
1,205 ###
915
Incoming resources from charitable activities Unrestricted Funds £ Meetings Questionnaire
1,205
1,205
-9 -
BRISTOL LESBIAN, GAY & BISEXUAL FORUM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2010 4
Charitable activities
Salaries and social security costs Agency & Volunteer Costs Training Survey & Questionnaire Events
Unrestricted Funds £ -
Support costs Office rental & Services Copying & Printing Office supplies & Postage Childcare Travel & Accommodation Sundries IT & Website Depreciation Recruitment Staff Expenses
5
Total Funds 2010 £ 26,691 375 2,357 4,510
Total Funds 2009 £ 25,229 8,041 180 785 857
-
1,921 3,408 1,189 593 101 225 174 -
1,921 3,408 1,189 593 101 225 174 -
1,875 2,109 2,165 300 262 408 932 174 901 438
-
41,544
41,544
44,656
Total Funds 2010 £ 394 216 617 1,068 291 2,586
Total Funds 2009 £ 412 191 251 468 2,613 670 4,605
2010 £
2009 £
Governance costs
Independent Examination Payroll Administration Legal & Professional Fees Insurance Meeting Costs Management Expense
6
Restricted Funds £ 26,691 375 2,357 4,510
Unrestricted Funds
Restricted Funds
£
£ -
394 216 617 1,068 291 2,586
Net incoming resources for the year This is stated after charging:
Depreciation Independent Examiners Fee
174 394
- 10 -
174 412
BRISTOL LESBIAN, GAY & BISEXUAL FORUM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2010 7
Staff costs and numbers The aggregate payroll costs were:
Wages and salaries
2010 £ 26,691
2009 £ 25,229
26,691
25,229
No employee received emoluments of more than £60,000. The average weekly number of employees during the year, calculated on the basis of full time equivalents, was as follows: 2010 No.
2009 No. 1.5
8
Taxation The charity is exempt from corporation tax on its charitable activities.
9
Trustee expenses Four trustees received reimbursement for expenses throughout the year as follows: £ 37 Management Committee expenses Travel 254 291
- 11 -
1.5
BRISTOL LESBIAN, GAY & BISEXUAL FORUM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2010 10 Tangible fixed assets Total
Equipment £
11
£
Cost At 1 April 2009 Additions
695 -
695 -
At 31 March 2010
695
695
Depreciation At 1 April 2009 Charge for the year
521 174
521 174
At 31 March 2010
695
695
Net book value At 31 March 2010
-
-
At 31 March 2009
174
174
Debtors 2010 £ Debtors
2009 £ 115
615
115
615
12 Creditors: amounts falling due within one year 2010 £ Trade Creditors Accruals
2009 £ 75 394 469
- 12 -
238 412 650
BRISTOL LESBIAN, GAY & BISEXUAL FORUM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2010 13 Movement in funds At 01-Apr 2009
Incoming resources
Outgoing resources
£
£
£
Transfers/ Previous Year Adj £
At 31-Mar 2010 £
Restricted funds Equalities Grant Equality & Human Rights Council Unrestricted funds General funds
Total funds
7,312 10,397
30,450 3,500
(30,868) (13,262)
(635)
6,894 -
17,709
33,950 ###
(44,130) ###
(635) ###
6,894
9,082
1,890
-
635
11,607
9,082
1,890
-
635
11,607
26,791
35,840
-
18,501
(44,130)
Purpose of restricted funds: Equalities Grant - wages and running costs Equality & Human Rights Council - Promoting good relations , equality and human rights 14 Analysis of net assets between funds Tangible Fixed assets £
Other Net assets £
-
6,894
Restricted funds Equalities Grant
Unrestricted funds General funds
- 13 -
Total £
6,894
### -
6,894
6,894
-
11,607
11,607
-
18,501
18,501