2017

FINANCIALS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2018

 

Income from: Unrestricted

Funds

£

Restricted Funds

£

TOTAL 

2018

£

TOTAL 

2017

£

Government contracts, grants and donations £3,361,183 £125,000 £3,486,183 £2,690,087
Total income £3,361,183 £125,000 £3,486,183 £2,690,087
Expenditure on:
Charitable activities  £2,976,705 £62,336  £3,039,041  £2,417,270
Total resources expended  £2,976,705 £62,336 £3,039,041  £2,417,270
Net income for the year/

Net movement in funds

 £384,478  £62,664  £447,142  £272,817
Fund balances at 1 April 2017  £650,367  £15,598  £665,965  £393,148
Fund balances at 31 March 2018 (incl. all assets)  £1,034,845  £78,262  £1,113,107  £665,965

Total Expenditure Breakdown for the Year Ended 31 March 2018

 

Staff Costs

2018

 £ 1,667,649

 2017

£ 1,210,500

Depreciation and impairment  £ 19,031  £ 5,327
Repairs and maintenance  £ 70,042  £ 56,426
Telephone  £ 30,795  £ 20,448
Training Costs  £ 5,657  £ 3,391
Reclaimable Travel (Client Visits) £ 145,972  £ 95,019
Motor and Travel (Other)  £ 64,978  £ 53,448
Rent and charges  £ 353,608  £ 315,919
Insurance  £ 8,222  £ 8,371
Legal and professional fees  £ 58,894  £ 30,616
Bank charges  £ 13,199  £ 759
Sundry expenses  £ 24,255  £ 123
Lighting and Heating  £ 32,725  £ 49,990
Rates  £ 18,989  £ 13,990
Catering Supplies  £ 36,685  £ 36,074
Activities and Outings  £ 35,985  £ 31,773
Printing, Postage and

Stationery

 £ 14,836  £ 13,658
IT expenses  £ 22,817  £ 4,257
Cleaning  £ 1,452  £ 598
Licenses and Subscriptions  £ 3,812  £ 2,122
City Hearts Personal Interim Allowances  £ 404,759  £ 313,072
Grant funding of activities  £ 2,220  £ 148,389
Share of governance costs  £ 2,460  £ 3,000
Analysis by fund
Unrestricted funds  £ 2,976,705  £ 2,412,029
Restricted funds  £ 62,336  £ 5,241
TOTAL  £ 3,039,041  £ 2,417,270