WISH: Annual Report 1998

	Annual Report: 1998
West London Initiative on Single Homelessness

For the year ended 28 February 1999. The balance sheet appears further down this page.

	Note	General funds	Restricted funds	1998/99Total funds	1997/98 Total funds
INCOMING RESOURCES
Donations	3	15,003	--	15,003	11,558
Grants received from other agencies	3	--	8,800	8,800	2,500
Interest and other income		361		361	178
TOTAL INCOMING RESOURCES		15,364	8,800	24,164	14,236
RESOURCES EXPENDED
Direct charitable expenditure		--	8,808	8,808	15,412
Fundraising costs		305	--	305	964
Management and administration		1,429	--	,1429	518
TOTAL RESOURCES EXPENDED		1,734	8,808	10,542	16,894
NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS		13,630	(8)	13,622	(2,658)
Transfers between funds		(8)	8	--	--
NET INCOMING/(OUTGOING) RESOURCES AFTER TRANSFERS		13,622	--	13,622	(2,658)
Adjustment for overstated expenditure	2	--	--	--	1,375
NET MOVEMENT IN FUNDS FOR YEAR		13,622	--	13,622	(1,283)
FUNDS AT 1 MARCH		5,284	--	5,284	6,567
FUNDS AT PERIOD END		18,906	--	18,906	5,284

	Note	1999	1999	1998	1998
CURRENT ASSETS
Cash at bank and in hand		19,356	--	5,209	11,558
Adjustment for overstated expenditure	2	--	19,356	1,375	6,584
CURRENT LIABILITIES
Creditors			(450)		(1,300)
TOTAL NET ASSETS			18,906		5,284
FUNDS			(8)	13,622	(2,658)
Unrestricted income funds	4		18,906		5,284
Restricted income funds	4		--		--
TOTAL FUNDS			18,906		5,284

1 Accounting Policies: These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practive on Accounting by Charities.
2 Restatement of 1997/98 accounts: Examination revealed that Direct Charitable Expenditure had been overstated for the year to 28 February 1998 by the sum of £1,375 and that this sum, representing the balance held in the CAF Cash account, had been omitted from the Current Assets on the Balance Sheet. Appropriate corrections have been made and the figures shown for 1997/98 in the Statement of Financial Activities and Balance Sheet have been restated accordingly.
3 Donations and grants: A number of supporters and agencies made donations abd grants during the year. Of the total £23,803 (£14,058 in 1998) £8,800 (£2,500 in 1998) was restricted by donors towards operating the Christmas Roof.
4 Analysis of net assets by funds: All of the charity's funds in the years ended 28 February 1998 and 1999 are represented by unrestricted funds. Those monies received specifically for the Christmas Roof were applied for that purpose. The charity has no fixed assets, consequently the total of its retained funds is represented by current assets.
5 Staff and trustees' remuneration.: No staff were employed by the charity during the period. No trustee received any remuneration or reimbursement for expenses.

WISH is a registered UK charity, No. 1052924

Annual Report: 1998