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 March 2018 (incl. all assets) £1,034,845 £78,262 £1,113,107 £665,965

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