||||Page|
|---|---|---|---|
|Reference and administrative||details||
|Strategic Report|||2to 8|
|Report ofthe Trustees|||9to13|
|Report ofthe Independent|Auditors||14to 17|
|Statement of Financial Activities|||18|
|Balance Sheet|||19|
|Statement of Cash Flows|||20|
|Notes to the Financial Statements|||21to 35|
##
||||for the|year ended 31December 202|1|||
|---|---|---|---|---|---|---|---|
||||Status|The organisation
is a charitable|company|limited by||
|||||guarantee
and not having share capital registered
as a||||
|||||charity on 21"July 1960and incorporated||on 17'" December||
|||||1991.||||
||Governing|Document||The company
was established|under a memorandum||of|
|||||association
which established|the objects|and powers|of|
|||||the charitable
company
and is|governed|under its articles||
|||||ofassociation.||||
|||||In 2010a trading subsidiary
(DEMAND SRM Ltd) was||||
|||||established
and which remains|dormant.|||
|Company|Registration||Number|2671913(England
gtWales)||||
|Charity|Registration||Number|1006126(England
&Wales)||||
|Registered|Office and||Principal|The Old Chapel,
Mallard
Road||||
||||Office|Abbots Langley, WDS OGQ||||
||||Trustees|Victoria Lyons (Appointed
19/07/2021)||||
|||||Robert Mankin
(Resigned 29/07/2021)||||
|||||Thomas Mercer||||
|||||Andrew
Parsons
(Appointed
28/04/2022)||||
|||||JOhn Plunkett
(Appointed
Zs/O4/ZOZZ)||||
|||||The Hon. Clare Renton||||
|||||Anthony
Soothill||||
|||||Katherine White||||
|||||Russell Willcox||||
||Honorary||Officer|Anthony
Soothill (Chair)||||
||Princi||pa I Staff|Gary Evans (Chief Executive)||||
||Company|Secretary||Frances Evans||||
||||Bankers|Barclays Bank PLC,||||
|||||137Ladbroke Grove,
I ondon W111PT||||
||Legal Advisors|||Sherrards
Solicitors
LLP||||
|||||4 Beaconsfield
Rd, StAlbans ALl 3RD||||
|Independent|||Auditors|Gerald Edelman
LLP Chartered|Accountants|||
|||||73 Cornhill,
London EC3V3QQ||||
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|~Anthony|Soothill|(Chair)|~Thomas|Mercer|~The Hon. Clare Renton|
|---|---|---|---|---|---|
|eVictoria|Lyons||oAndrew|Parsons|eKatherine White|
|~Robert|Mankin||~John Plunkett||~Russell Willcox|
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|||for ye|ar ending|31December|2021|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2021Total|2020 Total|
|||||funds|funds|funds|funds|
||||Notes|||||
|Income:||||||||
|Donations
and Legacies||||349,701|9,988|359,689|339,176|
|Charitable
Activities||||24,723||24,723|10,419|
|Other Trading Activities||||1,477||1,477|1,128|
|Investments||||15||15|1|
|Other||||69,641||69,641|105,129|
|Total income||||445,557|9.988|455,545|455,853|
|Expenditure:||||||||
|Fundraising|||7|37,491||37,491|85,089|
|Charitable
activities|||8|344,519|24,596|369,115|333.147|
|Total expenditure||||382,010|24,596|406,606|418,236|
|Net income / (expenditure)
and net
movement
in funds for the year||||63,547|(14,608)|48,939|37,617|
|Other recognised
gains/(losses):||||||||
|Gains on revaluation|offixed||||251,450|251,450||
|assets||||||||
|Net Movement
in funds||||63,547|236,842|300,389|37,617|
|Reconciliation offunds:||||||||
|Total funds brought|forward|||310,096|753,702|1,063,798|1,026,181|
|Total funds carried|forward|||373,643|990,544|1,364,187|1,063,798|
##
|||||for year|ending 31Dece|mber 2021||
|---|---|---|---|---|---|---|---|
|||||||2021|2020 Prior|
|||||||Total funds|year funds|
||||||Notes||f|
|Fixed assets:||||||||
|Tangible assets|||||15|987,506|729,278|
|Investments|||||16|||
||||Total fixed assets|||987,507|729,279|
|Current assets:||||||||
|Stocks||||||3,002|8,620|
|Debtors|||||17|17,872|22.177|
|Cash at bank||and|in hand|||666,654|378,339|
|||Total current assets||||687528|409136|
|Liabilities:||||||||
|Creditors: Amounts||||falling due within|18|(310,848)|(74,617)|
|one year||||||||
|Net current|assets|||||376,680|334,519|
|Total assets|less||current liabilities|||1,364,187|1,063,798|
|Net assets||||||1,364,187|1,063,798|
|The funds of||the|charity:||19|||
|Unrestricted||funds||||333,907|270,360|
|Designated|development
fund|||||39,736|39,736|
|Restricted income funds||||||990,544|753,702|
|TOTAL FUNDS||||||1,364,187|1,063,798|
##
||||for year e|nding|31|December 20|21|||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|2021Total|2020 Total|
|||||||funds|funds|funds|funds|
|||||Notes||||||
|Cash used in operating
activities||||22||92,505|5,418|97,923|73,396|
|Interest income||||||15||15||
|Deposit paid re
Chapel|Sale of Old|||||195,500||195,500||
|Proceeds from|the sale offixed assets|||||3,708|(8,831)|(5,123)||
|Cash provided
activities|by (used in)|investing||||199,223|(8,831)|190,392||
|Increase (decrease)
in cash||and|cash equivalents||in|291,728|(3,413)|288,315|73,396|
|the year||||||||||
|Cash and cash|equivalents|at the beginning||ofthe||317,185|61,154|378,339|304,943|
|year||||||||||
|Total cash and
the year|cash equivalents||at the end|of||608,913|57,741|666,654|378,339|
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|2021|2020|
|---|---|
|359„689|339,176|
|359,689|339,176|
|||2021|2020|
|---|---|---|---|
|3.|Charitable
activities|||
||Inclusive sports equipment|16,222|8,761|
||Donated specialist equipment|17|363|
||DEMAND's own products|8,484|1,295|
|||24,723|10,419|
|2021|2020|
|---|---|
|1,477|1,128|
|1,477|1,128|
||||2021|2020|
|---|---|---|---|---|
|5.|Investment|income|||
||Interest received gross||15||
||||15||
##
||||2021|2020|
|---|---|---|---|---|
|6.|Other income||||
||Surplus on disposal oftangible assets||3,708||
||Government|grant|65,933|105,129|
||||69,641|105,129|
||scheme set|up|to help|business
and charities survive th|e Covid19 pandemic||
|---|---|---|---|---|---|---|
||||||2021|2020|
|7.|Expenditure|on|raising|funds|||
||Fundraising||||37,491|85,089|
||||||37,491|85,089|
##
|||||CE|ODP|SRM|I5E|EEro|HL|SS|202I|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Designing,|producing||Er|||||||||
|delivering|products||and|161,801|49,237|207|24,399|504|12,383|16,181|264,712|
|services||||||||||||
|Marketing||||9,816|11,179|107|3,487||568|2,085|27,242|
|Premises||||6,107|4,146|1|691||276|1,382|12,603|
|Depreciation||Premises||||||||||
|Depreciation||||2,053|||||||2,053|
|Governance||||10,312|15,494|2|2,031||811|1,170|29,820|
|Support costs||||6,633|14,785|2,931|3,278|2,343|765|1,950|32,685|
|Total||||196,722|94,841|3,248|33,886|2,847|14,803|22,768|369,115|
|||||CE|ODP|SRM|I5E|ERO|HL||Total
2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Designing,|producing||&|||||||||
|delivering|products||and|150,916|50,760|137|13,019|949|9,223|13,391|238,395|
|services||||||||||||
|Marketing||||7,241|7,358||2,299|316|366|816|18,397|
|Premises||||5,335|5,795||724|-|290|967|13,112|
|Depreciation||Premises||650|||||||650|
|Depreciation||||3,555|||||||3,555|
|Governance||||9,084|16,361|3,164|2,046|-|818|1,181|32,654|
|Support costs||||4,355|12,956|2,455|2,621|1,963|590|1,444|26,384|
|Total||||181,136|93,230|5,758|20,709|3,228|11,287|17,799|333,147|
##
|Refer to the table below for the basis ofapportionment|Refer to the table below for the basis ofapportionment|Refer to the table below for the basis ofapportionment|and the|analysis|ofsupport
and|ofsupport
and|governance|costs.|
|---|---|---|---|---|---|---|---|---|
|||Basis of||General||Governance|Total||
|||apportionment||support|||2021||
|Trustee meetings||Actual Cost||||193|193||
|Trustee Recruitment||Actual Cost||||850|850||
|Salaries and related costs||Allocated
on time||23,850||20,135|43,985||
|Audit fees||Governance||||7,325|7,325||
|Legal and professional||Governance||||461|461||
|Insurances||Governance||||1,014|1,014||
|General office||Pro rata staff full time||9,509|||9,509||
|||equivalents|||||||
|Total||||33,359||29„978|63,337||
||||Fundraising|||Charitable|Total||
|||||||activities|2021||
|||||||E|||
|General Support||||674||32.685|33.359||
|Governance||||158||29,820|29,978||
|Total||||832||62,505|63,337||
|Analysis ofgovernance|and support costs —previous year||(2020)||||||
|||Basis of||General||Governance|Total||
|||apportionment||support|||2020||
|Trustee meetings||Actual Cost||||45|45||
|Salaries and related costs||Allocated
on time||20,186||25,001|45,187||
|Audit fees||Governance||||6,700|6,700||
|Legal and professional||Governance||||61|61||
|Insurances||Governance||||1,005|1,005||
|General office||Pro rata staff full time||7,322|||7,322||
|||equivalents|||||||
|Total||||27,508||32,812|60,320||
##
||||Fundraising|Charitable|Total||
|---|---|---|---|---|---|---|
|||||activities|2020||
||General Support||1,124|26,384|27,508||
||Governance||158|32,654|32,812||
||Total||1,282|59,038|60,320||
||||||2021|2020|
|10.|Net income /(expenditure)|for the year|||||
||Net resources are stated|after charging:|||||
||Auditors'
remuneration||||7,325|6,700|
||Depreciation
—owned assets||||2,053|4,205|
##
||December 2021these expenses totalled
ENIL (2020:|E9).||
|---|---|---|---|
|||2021|2020|
|12.|Staff costs||E|
||Salaries and wages|279,368|306,172|
||Social security costs|26,022|27,446|
||Pension costs|12,306|17,250|
|||317,696|350,868|
##
##
|Production|staff||
|---|---|---|
|Fundraising|||
|Management|and|administration|
|Marketing|||
|2021|2020|
|---|---|
|7|8|
||||||2021|2020|
|---|---|---|---|---|---|---|
|E60,001 —E70,000|||||0|I|
|F70,001 —F80,000|||||1|0|
|Remuneration
of|key management|personnel|||||
|The remuneration|of key management||personnel|is as follows;|||
||||||2021|2020|
||||||E||
|Gross salaries|||||134,299|113,560|
|Company
pension|contributions||||5,152|8,282|
|Aggregate
compensation|||||139,451|121,842|
##
##
##
##
|Tangible fixed as|sets|||||
|---|---|---|---|---|---|
|||*Freehold|Tools and|Motor|Total|
|||land
Er|equipment|vehicles|2021|
|||buildings||||
|Cost (*ar valuation|at fair value)|||||
|At1 January 2021||730,000|134,896|29,813|894,709|
|Additions|||8,831||8,831|
|Disposals written|back|||(18,823)|(18,823)|
|Revaluation||249,500|||249,500|
|At 31 December 2021||979,500|143,727|10,990|1,134,217|
|Depreciation||||||
|At1 January 2021||1,950|133,669|29,812|165,431|
|Charge for year|||2,053||2,053|
|Eliminated
on Disposal written
back||||(I8,823)|(18,823)|
|Written
Back on|Revaluation|(1,950)|||(1,950)|
|At 31 December 2021|||135,722|10,989|146,711|
|Net book value||||||
|At 31 December 2021||979,500|8,005|1|987,506|
|At 31 December 2020||728,050|1,227|1|729,278|
|||||Freehold|Tools and|Motor|Tota I|
|---|---|---|---|---|---|---|---|
|||||land
6r|equipment|vehicles|2021|
|||||buildings||||
|Direct charitable||purposes||881,550|8,005||889,556|
|Management|and|administrative|purposes|97,950|||97,950|
|||||979,500|8,005|I|987,506|
##
||Class ofshare:|Class ofshare:|||%holding||
|---|---|---|---|---|---|---|
||Ordinary||||100%||
|17.|Debtors||||||
||||||2021|2020|
||Trade debtors||||1,350|250|
||Other debtors||||12,723|16,033|
||Prepayments|and accrued income|||3,799|5.894|
||||||17,872|22,177|
|18.|Creditors: amounts||falling due within one year||||
||||||2021|2020|
||Trade creditors||||2,119|2.781|
||Accruals and|deferred||income|100,106|55,402|
||Taxation and|social|security costs||8,814|13,178|
||Other creditors||||199,809|3,256|
||||||310848|74 617|
##
##
|Analysis of|charitable|charitable|funds||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Analysis of|movements||in unrestricted|funds|||||||||||
|||||Balance||Incoming|||Resources|Transfers|||tk|Funds|
|||||||resources|||expended|revaluations|||||
|||||01)an 21||||||||||31Dec 21|
||||||||||E||||||
|General
Furid||||270,360|||445,557||(382,010)|||||333,907|
|Designated|Fund|||39,736||||||||||39,736|
|||||310,096|||445,557||(382,010)|||||373,643|
|General
Fund||||The 'free reserves' after allowing for all designated||||||||funds|||
|Designated|Fund|||Designated|development|||fund|in support|of|the charity's|||beneficiary|
|||||growth
plan.|||||||||||
|||||Balance||incoming|||Resources|Transfers|||&|Funds|
|||||||resources|||expended|revaluations|||||
|||||01)an 21||||||||||31Dec 21|
|Restricted|funds||||||||||||||
|Building fund||||728.049|||251,450|||||||979,499|
|Plant and|machinery||fund|2,737|||3,680||(1,903)|||||4,514|
|Workshop|fund|||18,187|||||(15,472)|||||2,715|
|Education|&outreach||fund|913|||6.308||(7,221)||||||
|Motor vehicle||Fund||3,816||||||||||3,816|
|||||753,702|||261,438||(24,596)|||||990,544|
|Total Funds||||1,063,798|||706,995||(406,606)|||||1,364,187|
|Building fund|||The Building||fund||was established
to provide||||for the purchase ofthe||||
||||freehold
building||||to house|the|charity due|to|the closure|||of Napsbury|
|||||Hospital, from||which
itformerly
rented premises.|||||||||
##
|Fund balances at 3la December 2021 are|represented
by:|||
|---|---|---|---|
||Unrestricted|Restricted|Tota I|
||||E|
|Tangible assets|2|987,504|987,506|
|Investments|1||1|
|Net current assets|373,640|3,040|376,680|
|Total|373,643|990,544|1,364,187|
##
##
|epresents
co|ntributions|p|aya|ble
by the|cha|rity|to the fund.|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||E|E|
|Contributions|payable|by|the|company|for|the|year|12,306|17,250|
##
##
|Reconciliation
of net m|ovement
in fun|ds to net cash flow from op|erating
activities||
|---|---|---|---|---|
||||2021|2020|
||||Total|Total|
|Net movement
in funds|||48,939|37,617|
|Add back depreciation|charge||2,053|4,205|
|Deduct interest income|from investing|activities|(15)|(I)|
|Deduct net proceeds from the sale of||fixed assets|(3,708)||
|Decrease (Increase)
in|stock||5,618|(2,418)|
|Decrease (Increase)
in|debtors||4,305|(11,725)|
|Increase (decrease)
in creditors|||40,731|45,718|
|Net cash used
in operating
activities|||97,923|73,396|
##
|||||||01|)an 2021|Cash Flows|31Dec 2021|
|---|---|---|---|---|---|---|---|---|---|
|Cash|at|bank|and|in|hand||378,339|288,315|666,654|