The Tag Foundation for Social Developmen - Charities report - 19.2

REGISTERED COMPANY NUMBER: 07219378

REGISTERED CHARITY NUMBER: 1137017

Trustees' Report and

Financial Statements for the Year Ended 31 December 2018

for

The Tag Foundation for Social

Development

The Tag Foundation for Social

Development

Contents of the Financial Statements

for the Year Ended 31 December 2018

Page

Trustees' Report

1 to 6

Independent Examiner's Report

7

Statement of Financial Activities

8

Statement of Financial Position

9 to 10

Notes to the Financial Statements

11 to 16

The Tag Foundation for Social

Development

Trustees' Report

for the Year Ended 31 December 2018

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with

the financial statements of the charity for the year ended 31 December 2018. The trustees have adopted the provisions of

Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their

accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)

(effective 1 January 2015).

ACHIEVEMENT AND PERFORMANCE

Achievements, Performance and Financial Review

Charity overview

Having been established as a registered charity in the UK in 2010, The Tag Foundation for Social Development (Tag)

became established as a not-for-profit (501(c)3) in the USA in 2011, is a registered organisation in Myanmar in 2013,

and a registered CBO in Kenya in 2017. Each Tag registered entity is legally independent and governed by the laws in

its in each of the jurisdictions where it has been established, enabling it to operate effectively in local context and with

locally recruited staff. This year, Tag established a Global Governance Board consisting of members of the various

boards listed above to ensure cohesive and effective management of the organization and its projects. During this

reporting period, Tag has remained focused on two key countries where the projects and the activity of the organization

takes place, Myanmar and Kenya, (which had 20-30 employees in each location).

During this reporting period, an increasing part of our operations were being managed out of our office in Seattle,

Washington, in the USA, whilst simultaneously reducing our overheads in the UK, and therefore subcontracting these

functions to the US charity.

Over the last year, Tag has further streamlined its global processes for financial management and accounting to improve

our accountability and efficiency, and a cashflow management framework was put in place to synergise income and

expenditure across the various jurisdictions and activities. We have continued to benefit from several expert/pro bono

corporate volunteers, in such areas as HR, marketing, and operational processes, that have enabled us to develop out

abilities as an organisation despite a comparatively modest budget.

During 2018, our project level remained stable, with two projects each in Myanmar and Kenya. However, during the

course of the year, we not only worked on several new project opportunities in the international development arena, but

we also began to explore reintroducing several social projects that had been put on hold for several years. While most of

these ideas were still in the inception stage during this reporting period, brief mention will be made of them under Tag

Institute.

Tag has two main organisations: Tag International Development, which develops and delivers expertise-drive projects in

developing countries, and Tag Institute for Social development, a social science research centre that applies Jewish ideas

and values to social challenges. Both are registered under the umbrella organization-The Tag Foundation for Social

Development in the UK.

Achievements, performance and financial review

Tag International Development

The focus areas of Tag International Development remained: maternal and child health and, improving sustainable

livelihoods through climate resilient agriculture employing a market-oriented approach, and empowering youth at risk

with life and employability skills. Our efforts have been directed primarily towards developing and delivering our

existing projects and developing new funding sources for new and existing projects. During this reporting period, Tag

dedicated much of its efforts to develop and deliver our main projects across Myanmar and Kenya:

- "Plan Bee"-improved sustainable livelihoods of rural communities through beekeeping value chain development in

Myanmar, impacting over 100,000 people.

- "Microsoft Youth Sparks programme" - giving aspiring young people in Myanmar an opportunity to gain exposure to

coding and IT for employment skills.

- "Hoops for Kids" - empowers youth at risk living in informal settlements in Kenya with an integrated approach of life

skills and basketball, improving their educational attainment and reducing exposure to anti-social behaviour.

- "Rice to the Top" - helped 300 rice growing farmers in Western Kenya to learn more advanced agriculture skills,

access funding for improved farming inputs (seeds, fertilizers, etc.) and market development.

Overview on key projects and accomplishments in 2018:

Myanmar/Burma

Plan Bee:

A livelihoods and income generation project focused on the development and modernization of the beekeeping value

chain, has been carried out by Tag in South Shan State in Myanmar (Burma). The project began with a pilot in the

summer of 2012 and in the autumn of 2013 was awarded funding from LIFT (a UN affiliate livelihoods funding

organisation in Myanmar) to carry out a 24-month project. Subsequently, it has been extended two times, and is now

scheduled to be completed at the end of June 2019 with an overall budget of 1.869,967 USD and operating nationally

across 5 major states and covering all honey-flow areas of Myanmar. The project has refocused its strategy to establish

Technical Vocational Entrepreneurship Training, targeting mainly rural young people who do not have higher level of

education but have the capacity and motivation to establish a beekeeping business as full time employment. So far, the

project has trained over 1000 beekeepers, mostly people with no previous experience or exposure and over 300 persons,

mainly women, in value added products. 100 beekeeping businesses (small-medium enterprises) have been formed as a

result with income generation increases of between 40%-250% and 119 women led microenterprises, producing

cosmetic products and candles, which have diversified family incomes between 10%-25%. The project has conducted

extensive awareness raising, produced new beekeeping manuals, introduced new innovative beekeeping equipment,

established an independent social enterprise- honey business (originally called the ARBC - Apiculture Resource and

Business Centre - now renamed the PBSE - Plan Bee Social Enterprise) that is marketing its honey within Myanmar and

to several other countries and is employing directly 9 full time staff and 5 part time staff from local villages. The project

works in collaboration with the government of Myanmar's Division of Apiculture (beekeeping) and Department of

Agriculture, several local tribal organisations and a range of local business and development organisations. The strategic

objective of Tag is to support the development of independent governance of the PBSE business and to continue and

develop market linkages so it can be sustainable beyond the lifetime of the project. For the same reason, much priority

has been given to capacity building of local personnel, to enable the business to be well managed into the future.

Microsoft Youth Sparks programme

Few areas are more innovative than technology, and this project connected youth with technology in order to empower

young people to be change makers in their communities. The aim of the project was to introduce youth in rural areas to

entrepreneurship knowledge, resources and opportunities, and thus increase employability in a modernizing economy.

Called E3, the project worked to increase access to job skills training among Myanmar's rural youth, with a focus on IT

literacy, technology and entrepreneurship. Throughout Myanmar, rural youth lack basic computer skills, which can limit

opportunities to establish new businesses or find employment outside of agriculture. E3 works to inspire youth from

rural areas and University Students through exposure to computer science, technology skills, and basic coding to

generate solutions for local social and economic challenges. Together with Microsoft, E3 has developed an online

mentoring platform for skills training and an exciting hackathon involving over 30 local partners to enable young people

to fulfil their potential.

A Drop of Milk

A Drop of Milk is a maternal and child health project in Myanmar, largely funded through the support of Rotary

International and various Rotary clubs. The project focuses on reducing maternal mortality rates through improved

holistic community health in the rural Southern Shan State of Myanmar (Burma) with an overarching goal to improve

maternal and child health outcomes in the 138 villages. Funded by Rotary International. The project works to improve

the health outcomes of mothers and children by strengthening capacities of maternal and child healthcare providers to

deliver quality community and hospital-based health services through capacity building and by upgrading essential

delivery room facilities as well as introducing specially designed medical kits that will improve early identification of

at-risk pregnancies. Midwives and community-based health providers are educated to identify developmental delays in

children under 5 years of age and village to hospital referral systems are improved through patient history management

utilizing m-health technology. In this 18-months pilot program, a team of Israeli experts has been delivering training and

implementation in the hospital and clinics in the villages.

Kenya:

Hoops for Kids:

With the support of Kids Connect Network, Tag introduced 'Hoops for Kids' an Israeli basketball-based life skills

project for at-risk youth in two major cities in Kenya, Nairobi in 2015 and Kisumu in 2016. Alongside basketball clinics,

the major innovation surrounding the approach of this project is the integration of a structured life skills curriculum into

the sports activities. The project has established after-school centres, educational basketball clinics, and a mentoring

program, along with providing athletic equipment and coaching. In early 2017 Tag secured three-year funding to

expand this project, with an emphasis on capacity building of sports coaches and life-skills educators to provide

enhanced benefit to the young people. Through this additional funding, we have opened the project in 5 new locations in

Nairobi and in Kisumu and surrounding areas. During the course of this period, Tag has developed the project directly

through growing partnership with community organizations in each of the new locations where the program operates and

supporting the capacity building of those locations through locally hired staff. At the end of 2018, the project has

reached more than 15,000 beneficiaries. More recently, we have secured funding to expand the project to include a

specific focus on employability opportunities for youth at risk.

Rice to the Top:

During visits to Kenya, Tag identified the potential for rice growing in our main area of operation in Kenya. During

2017 Tag secured the funding for this initiative and is currently running a substantial rice growing project in Ahero,

Western Kenya, involving 300 farmers across 300 acres of land. The project consists of five main components:

" Working with the local irrigation board to facilitate the refurbishment and maintenance of the weir at the Nyando river

to ensure reliable water supply for the local rice schemes.

" Farming inputs - researching, sourcing and supplying to farmers carefully selected rice seed varieties, fertilizers, and

pesticides to achieve the maximum potential.

" Finance - Providing loans for purchasing good quality seeds and agri chemicals is expensive, with the payments to be

recouped from the rice sales.

" Information and Training - Farmers received training and support throughout the process in optimum growing

techniques and in the correct use of the fertilizers and pesticides to ensure high results are achieved.

" Milling and storage - to increase of the value of rice and enable the rice to be sold at a good price.

Most farmers reported significant benefits from the project from increased productivity and profitability.

New direction:

Tag is now giving increased attention to its foundational goal of increasing the sharing of Israeli expertise with

developing countries. To this end, the organization has been shifting greater focus to how to educate and inform key

audiences on this matter, through published writings, collaborations with suitable partners, and through educational

activities. In the coming year, these activities will constitute an ever-growing proportion of the organization's work.

Tag Institute

During this period, an assessment began to determine which of our previous projects should be revived. At present, we

are actively working on four areas: relationships, social values, Israel and international development, and prisons. These

are where we have strong opportunities, and in which Tag has unique expertise and perspectives.

The second area of focus has been research into what expertise Israel can most uniquely offer the developing world, with

the aim of significantly expanding on the reach of this expertise and expanding its potential to help vulnerable people

around the world. This culminated in the establishment of the Israel Global Initiative in collaboration with Israel

Government's Department of International Cooperation and the Society of International Development of Israel. The

project was launched at the Israel Knesset in early 2016 as part of a conference relating to Israel and international

development. Progress has been made to produce a major book on this topic, which is scheduled to be completed in

2019. We published various studies, such as Relationship literacy: Wider lessons from young single mothers in Nairobi

slums in a book Family Dynamics and Romantic Relationships in a Changing Society published by IGI Global.

Some of Tag Institute's social projects have continued, such as our ageing enrichment project with older people creating

gifts for people in developing countries, and our bullying and social exclusion projects with a series of workshops on

inclusion in schools and youth groups, whilst JEP (Jewish European Professional) that Tag helped to establish hosted

two major weekends during this period. Tag continued to sponsor a variety of youth projects, including a winter camp

and youth leadership development course in London and Jewish education-based initiatives in South London.

Looking forward

Tag has several projects in our two countries of operation and is developing several new projects in the USA and the

UK. Whereas for the last six years, our focus has been overwhelmingly on humanitarian projects in developing

countries, the plan going forward is to return to the original situation whereby we had a range of social projects in

Britain and America. This has the potential to attract new partners, funders and projects.

FINANCIAL REVIEW

Reserves policy

It is the policy of the charity to maintain sufficient unrestricted funds, which are the free reserves of the charity, at a level

to provide sufficient funds to cover donations, management and administration costs for the foreseeable future.

Unrestricted funds were maintained at this level throughout the year and this policy will continue to be applied for the

current period.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a

limited company, limited by guarantee.

Recruitment and appointment of new trustees

As set out in the Articles of Association, the first trustees were those notified to Companies House on incorporation of

the charitable company. The trustees may appoint any person who is willing to act as a trustee.

Organisational structure

The trustees administer the charity on an ongoing basis. There is regular communication to resolve strategy and ongoing

developments. The trustees have appointed a Chief Finance Officer who, assisted by the office staff, ensures the day to

day matters are attended to. To facilitate operations, the Chief Finance Officer has been delegated certain authority

including financial, HR and operations.

Induction and training of new trustees

The trustees are all aware of their responsibilities and the roles within the organisation. Various topics of relevance are

discussed as required to ensure an appropriate level of understanding and knowledge.

Risk management

The trustees have a duty to identify and review the risks to which the charitycharity is exposed and to ensure appropriate

controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07219378

Registered Charity number

1137017

Registered office

5 Technology Park

Colindeep Lane

Colindale

London

NW9 6BX

Trustees

Ms R Ellison

Coach

- resigned 16.11.2018

Rabbi Y Ives

Chief Executive Officer

Mr R Leiman

Director

Mr C J Deacon

IT and organisational consultant

- resigned 1.1.2019

Mr R Bellau

Banking and investment analyst

Ms E A Stokes

Trustee

Mr H Cashdan

Director

Independent examiner

Gedalia Waldman BA ACA

The Association of Chartered Accountants

Grunberg & Co Limited

Chartered Accountants

5 Technology Park

Colindeep Lane

Colindale

London

NW9 6BX

Directors

Mr R Leiman

Ms R Ellison

Rabbi Y Ives

Approved by order of the board of trustees on 26 September 2019 and signed on its behalf by:

Rabbi Y Ives - Trustee

Independent Examiner's Report to the Trustees of

The Tag Foundation for Social

Development

Independent examiner's report to the trustees of The Tag Foundation for Social Development ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2018.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for

the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act

and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried

out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the

Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm

that I am qualified to undertake the examination because I am a registered member of The Association of Chartered

Accountants which is one of the listed bodies

I have completed my examination. I confirm that no matters have come to my attention in connection with the

examination giving me cause to believe:

1.

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.

the accounts do not accord with those records; or

3.

the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should

be drawn in this report in order to enable a proper understanding of the accounts to be reached

Gedalia Waldman BA ACA

The Association of Chartered Accountants

Grunberg & Co Limited

Chartered Accountants

5 Technology Park

Colindeep Lane

Colindale

London

NW9 6BX

26 September 2019

The Tag Foundation for Social

Development

Statement of Financial Activities

for the Year Ended 31 December 2018

31.12.18

31.12.17

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3,411

287,777

291,188

357,370

Investment income

2

-

-

-

7

Total

3,411

287,777

291,188

357,377

EXPENDITURE ON

Charitable activities

Charitable activities

984

295,439

296,423

413,943

Other

4,213

(26,367

)

(22,154

)

-

Total

5,197

269,072

274,269

413,943

NET INCOME/(EXPENDITURE)

(1,786

)

18,705

16,919

(56,566

)

RECONCILIATION OF FUNDS

Total funds brought forward

3,094

-

3,094

59,660

TOTAL FUNDS CARRIED FORWARD

1,308

18,705

20,013

3,094

The Tag Foundation for Social

Development

Statement of Financial Position

At 31 December 2018

31.12.18

31.12.17

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

5

-

1,318,335

1,318,335

1,291,968

CURRENT ASSETS

Debtors

6

5,124

1,370

6,494

6,494

Cash at bank

803

-

803

10,830

5,927

1,370

7,297

17,324

CREDITORS

Amounts falling due within one year

7

(4,619

)

(1,301,000

)

(1,305,619

)

(1,306,198

)

NET CURRENT ASSETS/(LIABILITIES)

1,308

(1,299,630

)

(1,298,322

)

(1,288,874

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,308

18,705

20,013

3,094

NET ASSETS

1,308

18,705

20,013

3,094

FUNDS

10

Unrestricted funds

1,308

3,094

Restricted funds

18,705

-

TOTAL FUNDS

20,013

3,094

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended

31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)

ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies

subject to the small companies regime.

The financial statements were approved by the Board of Trustees on 26 September 2019 and were signed on its behalf by:

Rabbi Y Ives -Trustee

The Tag Foundation for Social

Development

Notes to the Financial Statements

for the Year Ended 31 December 2018

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been

prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement

of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial

Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)',

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention.

The presentation currency of the financial statements is the Pound Sterling £.

These financial statements have been prepared on a going concern basis, the charity will continue to receive the

continued support from the charity's trustees and other creditors.

The trustees have considered a 12 month period ahead. The trustees are confident that continued financial

support to the charity will be forthcoming for the foreseeable future and that the charity will raise the necessary

funds to ensure that the charity can meet its day-to-day commitments.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as

permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

-

the requirements of Section 7 Statement of Cash Flows.

Incoming resources

Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with

sufficient reliability.

Deferred income represents amounts received for future periods and is released to incoming resources in the

period for which it has been received. Such income is only deferred when:

- The donor specifies that the donation must only be used in future accounting periods; or

- The donor has imposed conditions which must be met before the charity has unconditional entitlement.

Investment income is recognised on a receivable basis.

Expenditure

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the

expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that

aggregate all costs related to the category.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services

for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an

indirect nature necessary to support them.

Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the

charity gives a grant with conditions for its payment being a specific level of service or output to be provided,

such grants are only recognised in the SoFA once the recipient of the grant has provided the specific service or

output.

Grants payable without performance conditions are only recognised in the accounts when a commitment has been

made and there are no conditions to be met relating to the grant which remain in the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but

there is uncertainty about either the timing of the grant or the amount of grant payable.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but

not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value

of each asset over its estimated useful life.

Freehold property

- not provided

Fixtures and fittings

- Fully depreciated

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

Debtors - Short term debtors are measured at transaction price, less any impairment.

Creditors - Short term creditors are measured at transaction price

2.	INVESTMENT INCOME

31.12.18

31.12.17

£

£

Deposit account interest

-

7

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.18

31.12.17

£

£

Depreciation - owned assets

(26,367

)

26,581

4.	TRUSTEES' REMUNERATION AND BENEFITS

The Charity's CEO and Trustee received remuneration as an employee of Tag USA, a related charitable entity.

However this has, in part, been administered by Tag UK, and this is in keeping with Charity Commission

guidelines.

During the year under review Rabbi Y. Ives received £31,791 for his services for operating the charity and not

for his services as a trustee.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2018 nor for the year ended

31 December 2017.

5.	TANGIBLE FIXED ASSETS

Freehold property

Fixtures and fittings

Totals

£

£

£

COST

At 1 January 2018 and 31 December 2018

1,318,335

7,543

1,325,878

DEPRECIATION

At 1 January 2018

26,367

7,543

33,910

Charge for year

(26,367

)

-

(26,367

)

At 31 December 2018

-

7,543

7,543

NET BOOK VALUE

At 31 December 2018

1,318,335

-

1,318,335

At 31 December 2017

1,291,968

-

1,291,968

In a departure from generally accepted accounting standards, the Charity has not depreciated the building

element of the freehold property. The use of the property is provided, by way of a licence to occupy, to another

charitable organisation in fulfilment of the Charity's objectives. Due to the nature of the use of property, the

directors believe carrying the freehold property at historical cost more accurately reflects the true and fair view

of the of the freehold property than by depreciating the building.

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

6,494

6,494

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other loans (see note 8)

1,301,000

1,301,000

Accruals and deferred income

4,619

5,198

1,305,619

1,306,198

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.18

31.12.17

£

£

Amounts falling due within one year on demand:

Other loans

1,301,000

1,301,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.18

31.12.17

£

£

Other loans

1,301,000

1,301,000

The balance in relation to the loan is secured by a fixed charge over the property owned by the charity.

10.	MOVEMENT IN FUNDS

At 1.1.18

Net movement in funds

At 31.12.18

£

£

£

Unrestricted funds

General fund

3,094

(1,786

)

1,308

Restricted funds

General fund restricted

-

18,705

18,705

TOTAL FUNDS

3,094

16,919

20,013

Net movement in funds, included in the above are as follows:

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

3,411

(5,197

)

(1,786

)

Restricted funds

General fund restricted

287,777

(269,072

)

18,705

TOTAL FUNDS

291,188

(274,269

)

16,919

Comparatives for movement in funds

At 1.1.17

Net movement in funds

Transfers between funds

At 31.12.17

£

£

£

£

Unrestricted Funds

General fund

53,097

(47,535

)

(2,468

)

3,094

Restricted Funds

General fund restricted

6,563

(9,031

)

2,468

-

TOTAL FUNDS

59,660

(56,566

)

-

3,094

Comparative net movement in funds, included in the above are as follows:

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

269

(47,804

)

(47,535

)

Restricted funds

General fund restricted

357,108

(366,139

)

(9,031

)

TOTAL FUNDS

357,377

(413,943

)

(56,566

)

A current year 12 months and prior year 12 months combined position is as follows:

At 1.1.17

Net movement in funds

Transfers between funds

At 31.12.18

£

£

£

£

Unrestricted funds

General fund

53,097

(49,321

)

(2,468

)

1,308

Restricted funds

General fund restricted

6,563

9,674

2,468

18,705

TOTAL FUNDS

59,660

(39,647

)

-

20,013

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

3,680

(53,001

)

(49,321

)

Restricted funds

General fund restricted

644,885

(635,211

)

9,674

TOTAL FUNDS

648,565

(688,212

)

(39,647

)

11.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £6,494 (2017: £6,494) from the American arm of the Tag

Foundation for Social Development.

12.	FINANCIAL ASSETS AND LIABILITIES

2018

2017

£

£

Financial assets measured at amortised cost

7,397

17,324

Financial liabilities measured at amortised cost

1,305,620

1,306,198