Review of Financial Position: Annual Accounts 2017- 2018
To download Big Hearts Annual Accounts for 2017/18, click on the following link: Big Hearts_Accounts2017-18
Review of Financial Position:
Big Hearts Community Trust is reliant on income from donations and activities, the income from which was £237,551 (2017: £151,990) in the year ended 31 March 2018.
Expenditure during the year amounted to £244,582 (2017: £180,354).
Reserves held at 31 March 2018 amounted to £263,339 (2017: £270,370) and this is made up of a surplus on unrestricted funds of £247,927 (2017: £269,290) and a surplus on restricted funds of £15,412 (2017: £1,080).
The Board keeps a certain amount of reserves to assist with variations in volumes of funding against committed spend. Expenditure will continue to increase, and general reserves will reduce, over time as we introduce new activity linked to our strategy and vision of the organisation while also continuing with existing programmes.