Page 40 - Cinnamon Network Annual Report 2019/20

The Cinnamon Network – Notes to the Financial Statements for the Year Ended 31 March 2020
2 DISCONTINUED OPERATIONS
Following a a a a a a full review of of the the the the financial operations of of the the the the Charity during the the the the previous year the the the the Trustees decided that it it was no longer appropriate to to continue to to fund international work work as as as as part of Cinnamon Network as as as as there was was little direct funding for this activity and it it it it was was significantly impacting the the ongoing financial stability of the the UK operations It was also appropriate for this work to to to separate into an an unconnected charity as as it it it hopefully allowed it it it to to to grow and attract funding from other sources As a a a a a a a a a a a a a result as as as as it it it it it was was a a a a a a a a a a a a a material financial activity within the the Charity it it it it it was was reflected as as as as a a a a a a a a a a a a a a a a discontinued operation in in in in the the prior year accounts and a a a a a a a a a a full comparative Statement of Financial Activities is shown below Income from Donations 3 Charitable activities 4 Investments
Total income
Expenditure on:
Raising funds 5& 6 Charitable activities Micro-grants 5& 7 Church & & societal engagement 5& 7 Volunteer leadership training 5& 7 Project support & & incubation 5& 7 Cinnamon International 5& 7 Total charitable activities Total expenditure
Net income/(expenditure)
Transfer between funds 11 Net movement in funds 11 & 12 Reconciliation of funds:
Total funds brought forward 11 & 12 Total funds carried forward 11 & 12 Cinnamon Network charity no 1156985 Annual Report 1 1 1 April 2019 – 31 March 2020
373 795 13 990 853
388 638
141 478
55 456 102 424 16 415 77 466 - 251 761 393 239 (4 601) (113 138) (117 739)
4 716
(113 023)
306 634 94 030 - 400 664
74 730
94 676 150 132 - 731 134 108 020
853
840 007
216 208
150 132 311 726 27 835 186 638
163 843
840 174 1 056 382 (216 375) - (216 375) 322 404 106 029
Notes £££££
Unrestricted funds Year ended 31 Mar 2019 Restricted funds Year ended 31 Mar 2019 Total continuing
operations Year ended 31 Mar 2019 Discontinued operations Year ended 31 Mar 2019 Total funds Year ended 31 Mar 2019 209 302 11 420 109 172 - 424 570
499 300
(98 636)
- (98 636)
317 688
219 052
311 726 - 27 835 - 186 638
- - 163 843
676 331 163 843
892 539 163 843
(103 237) (113 138) (113 138) 113 113 138 138 (216 375) - 322 404 - 106 029
- 680 429 50 705 108 020
- 853
- 789 302 50 705 216 208
- 40 FINANCIAL STATEMENTS