2017

FINANCIALS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2017

 

Income from: UNRESTRICTED FUNDS

 

£

RESTRICTED FUNDS

 

£

TOTAL 

2017

£

TOTAL 

2016

£

Government contracts, grants and donations  £2,680,087  £10,000  £2,690,087  £1,633,140
Other trading activities  £200
Total income £2,680,087  £10,000 £2,690,087  £1,633,340
Expenditure on:
Charitable activities  £2,412,029  £5,241  £2,417,270  £1,490,485
Total resources expended  £2,412,029  £5,241  £2,417,270  £1,490,485
Net income for the year/

Net movement in funds

 £268,058  £4,759  £272,817  £142,855
Fund balances at 1 April 2016  £382,309  £10,839  £393,148  £250,293
Fund balances at 31 March 2017 (incl. all assets)  £650,367  £15,598  £665,965  £393,148

Total Expenditure Breakdown for the Year Ended 31 March 2017

 

Staff Costs

 2017

£ 1,210,500

 2016

£ 682,848

Depreciation and impairment  £ 5,327  £ 4,520
Repairs and maintenance  £ 56,426  £ 39,686
Telephone  £ 20,448  £ 11,418
Training Costs  £ 3,391  £ 7,893
Motor and travel expenses (reclaimable travel for 2017 – £98,065)  £ 148,467  £ 109,525
Rent and charges  £ 315,919  £ 212,386
Insurance  £ 8,371  £ 4,289
Legal and professional fees  £ 30,616  £ 30,524
Bank charges  £ 759  £ 325
Sundry expenses  £ 123  £ 6,908
Lighting and Heating  £ 49,990  £ 14,840
Rates  £ 13,990  £ 9,016
Catering Supplies  £ 36,074  £ 37,491
Activities and Outings  £ 31,773  £ 12,736
Printing, Postage and

Stationery

 £ 13,658  £ 11,998
IT expenses  £ 4,257  £ 680
Cleaning  £ 598  £ 1,660
Licenses and Subscriptions  £ 2,122  £ 2,110
City Hearts Personal Interim Allowances  £ 313,072  £ 182,532
Grant funding of activities  £ 148,389  £ 106,000
Share of governance costs  £ 3,000  £ 1,100
Analysis by fund
Unrestricted funds  £ 2,412,029  £ 1,456,870
Restricted funds  £ 5,241  £ 33,615
TOTAL  £ 2,417,270  £ 1,490,485