| Page | ||
|---|---|---|
| Trustees report |
1-18 | |
| Statement oftrustees |
responsibilities | 19 |
| Independent auditor's |
report | 20-23 |
| Statement offinancial | activities | 24 |
| Balance sheet | 25-26 | |
| Statement ofcash flows |
27 | |
| Notes to the financial | statements | 28-46 |
| Unrestricted | Restricted | Total Unrestricted | Total Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| Notes | 6 | K | 6 | |||||
| f | ||||||||
| Donations and legacies |
18,435 | 18,435 | 1,097 | 1,097 | ||||
| Charitable activities |
224,311 | 1,089,173 | 1,313,484 | 295,146 | 967,087 | 1,262,233 | ||
| Investments | 13,051 | 13,051 | 12,515 | 12,515 | ||||
| Total income | 255,797 | 1,089,173 | 1,344,970 | 308,758 | 967,087 | 1,275,845 | ||
| ~Ex endit~ti | ||||||||
| Charitable activities |
6 | 191,541 | 1,121,828 | 1,313,369 | 401,318 | 947,204 | 1,348,522 | |
| Net gains/(losses) | on | |||||||
| investments | 11 | 19,415 | 19,415 | 59,125 | 59,125 | |||
| Net incoming/(outgoing) | ||||||||
| resources before | transfers | 83,671 | (32,655) | 51,016 | (33,435) | 19,883 | (13,552) | |
| Gross transfers | ||||||||
| between funds |
17,094 | (17,094) | ||||||
| Net incoming/(outgoing) | ||||||||
| resources | 100,765 | (49,749) | 51,016 | (33,435) | 19,883 | (13,552) | ||
| Other recognised | gains and | losses | ||||||
| Actuarial gain/(loss) |
on | |||||||
| defined benefit pension |
||||||||
| schemes | 803,000 | 803,000 | (666,000) | (666,000) | ||||
| Net movement in |
funds | 903,765 | (49,749) | 854,016 | (699,435) | 19,883 | (679,552) | |
| Fund balances at 1 April | 2021 | (1,364,539) | 170,294 | (1,194,245) | (665,104) | 150,411 | (514,693) | |
| Fund balances at | 31 March | |||||||
| 2022 | (460,774) | 120,545 | (340,229) | (1,364,539) | 170,294 | (1,194,245) |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | 6 | 6 | ||||
| Fixed assets | ||||||
| Tangible assets | 12 | 10,042 | 5,225 | |||
| Investments | 13 | 401,237 | 384,503 | |||
| 411,279 | 389,728 | |||||
| Current assets | ||||||
| Debtors | 15 | 113,608 | 120,276 | |||
| Cash at bank and | in | hand | 287,272 | 275,563 | ||
| 400,880 | 395,839 | |||||
| Creditors: amounts | falling due within | |||||
| one year | 16 | (98,777) | (117,754) | |||
| Net current assets | 302,103 | 278,085 | ||||
| Total assets less | current liabilities | 713,382 | 667,813 | |||
| Creditors: amounts | falling due after | |||||
| more than one year | 18 | (25,611) | (31,058) | |||
| Provisions for liabilities | (1,028,000) | (1,831,000) | ||||
| Net liabilities | (340,229) | (1,194,245) | ||||
| Income funds | ||||||
| Restricted funds | 21 | 120,545 | 170,294 | |||
| UrrU;8(rrt d funds |
||||||
| General unrestricted |
funds | 567,226 | 466,461 | |||
| Pension reserve | (1,028,000) | (1,831,000) | ||||
| (460,774) | (1,364,539) | |||||
| (340,229) | (1,194,245) |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | 6 | 6 | |||||||
| Cash flows from operating | activities | ||||||||
| Cash generated from/(absorbed |
by) | 27 | |||||||
| operations | 4,810 | (31,746) | |||||||
| Investing | activities | ||||||||
| Purchase | oftangible fixed assets | (7,993) | (4,635) | ||||||
| Purchase | of investments | (51,868) | (97,146) | ||||||
| Proceeds | on disposal of investments | 54,549 | 99,532 | ||||||
| Investment | income received | 13,051 | 12,515 | ||||||
| Net cash generated from |
investing | ||||||||
| activities | 7,739 | 10,266 | |||||||
| Financing | activities | ||||||||
| Proceeds from borrowings | 31,058 | ||||||||
| Repayment | of borrowings | (840) | |||||||
| Net cash (used in))generated | from | ||||||||
| financing | activities | (840) | 31,058 | ||||||
| Net increase in cash and cash |
equivalents | 11,709 | 9,578 | ||||||
| Cash and | cash equivalents | at | beginning | ofyear | 275,563 | 265,985 | |||
| Cash and | cash equivalents | at end of | year | 287,272 | 275,563 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| F | E | |||
| Donations | and | gifts | 18,435 | 1,097 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| 6 | 5 | |||||||
| Membership | subscriptions | 10,317 | 13,349 | |||||
| Better connected | children, | young people & | ||||||
| workforce | 320,188 | 306,908 | ||||||
| Influencing | policy, | practice | and research | 368,666 | 353,376 | |||
| Better informed children |
young people & | |||||||
| workforce | 460,800 | 441,689 | ||||||
| Governance | &administration | ofcharity | 90,700 | 86,702 | ||||
| Membership | support services | 62,813 | 60,209 | |||||
| 1,313,484 | 1,262,233 | |||||||
| Analysis by |
fund | |||||||
| Unrestricted | funds | 224,311 | 295,146 | |||||
| Restricted funds | 1,089,173 | 967,087 | ||||||
| 1,313,484 | 1,262,233 | |||||||
| Forthe year ended 31 March 2021 | ||||||||
| Unrestricted | funds | 295,146 | ||||||
| Restricted | funds | 967,087 | ||||||
| 1,262,233 |
| 5 | Investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| 6 | F | ||
| Income from listed investments | 13,051 | 12,515 |
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Net movement in funds |
2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| E | E | ||||||||
| Net movement in funds is stated after charging/(crediting) |
|||||||||
| Fees payable to the company's | auditor for the | audit | ofthe | company's | |||||
| financial statements | 13,809 | 8,951 | |||||||
| Depreciation ofowned tangible |
fixed assets | 3,176 | 1,802 | ||||||
| 8 | Supportcosts | ||||||||
| Support Governance | 2022 | Support | Governance | 2021 | |||||
| costs | costs | costs | costs | ||||||
| E | E | E | E | ||||||
| Staff costs | 70,362 | 70,362 | |||||||
| Depreciation | 3,178 | 3,176 | 1,802 | 1,802 | |||||
| Insurance | 5,458 | 5,458 | 5,349 | 5,349 | |||||
| Repairs & renewals | 7,162 | 7,162 | 25,899 | 25,899 | |||||
| Travel &subsistence | 15,630 | 15,630 | 8,558 | 8,558 | |||||
| Communication | 78,127 | 78,127 | 89,279 | 89,279 | |||||
| Rent | 46,770 | 46,770 | 67,838 | 67,838 | |||||
| Other premises costs | 23,862 | 23,862 | 23,374 | 23,374 | |||||
| Bank charges/bad | debts | 293 | 293 | 408 | 408 | ||||
| Irrecoverable VAT |
28,896 | 28,896 | 41,231 | 41,231 | |||||
| Audit fees | 13,609 | 13,809 | 8,951 | 8,951 | |||||
| Legal and professional | 3,665 | 3,665 | 7,046 | 7,046 | |||||
| Trustees expenses | 134 | 134 | |||||||
| 209,374 | 17,608 | 226,982 | 263,738 | 86,359 | 350,097 | ||||
| Analysed between |
|||||||||
| Charitable activities |
209,374 | 17,608 | 226,982 | 263,738 | 86,359 | 350,097 |
| 2022 | 2021 | |
|---|---|---|
| Number | Number | |
| Employees | 26 | 26 |
| Employment costs |
2022f | 2021 6 |
| Wages and salaries | 692,780 | 741,922 |
| Social security costs | 64,729 | 60,886 |
| Other pension costs | 226,912 | 207,514 |
| 984,421 | 1,010,322 |
| Net gains/(l | oss | es) on investments |
||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2022 | 2021 | |||
| 6 | F | |||
| Revaluation | of | investments | 19,415 | 59,125 |
| 12 | Tangible fixed assets | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|---|
| Office | Furniture | Computers | Total | ||||
| equipment | |||||||
| 6 | |||||||
| Cost | |||||||
| At 1 April 2021 | 924 | 4,820 | 4,868 | 10,612 | |||
| Additions | 5,477 | 2,516 | 7,993 | ||||
| At 31 March | 2022 | 924 | 10,297 | 7,384 | 18,605 | ||
| Depreciation | and impairment | ||||||
| At 1 April 2021 | 416 | 150 | 4,821 | 5,387 | |||
| Depreciation | charged | in the year | 139 | 2,574 | 463 | 3,176 | |
| At 31 March | 2022 | 555 | 2,724 | 5,284 | 8,563 | ||
| Carrying amount |
|||||||
| At 31 March | 2022 | 369 | 7,573 | 2,100 | 10,042 | ||
| At 31 March | 2021 | 508 | 4,670 | 47 | 5,225 | ||
| 13 | Fixed asset | investments | |||||
| Listed | Cash in | Total | |||||
| investments | portfolio | ||||||
| 6 | |||||||
| Cost or valuation | |||||||
| At 1 April 2021 | 382,147 | 2,356 | 384,503 | ||||
| Additions | 51,868 | 51,868 | |||||
| Valuation changes | 19,415 | 19,415 | |||||
| Cash movement | (509) | (509) | |||||
| Disposals | (54,040) | (54,040) | |||||
| At 31 March | 2022 | 399,390 | 1,847 | 401,237 | |||
| Carrying amount |
|||||||
| At 31 March | 2022 | 399,390 | 1,847 | 401,237 | |||
| At 31 March | 2021 | 382,147 | 2,356 | 384,503 | |||
| 14 | Financial instruments |
2022 | 2021 | ||||
| 8 | 8 | ||||||
| Carrying amount offinancial assets |
|||||||
| Instruments | measured | at fair value through | profit or loss | 399,390 | 382,147 |
| Debtors | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Amounts falling due |
within one year: | |||||
| Trade debtors | 86,563 | 32,791 | ||||
| Other debtors | 7,666 | 69,454 | ||||
| Prepayments | and accrued income | 19,379 | 18,031 | |||
| 113,608 | 120,276 | |||||
| Creditors: amounts | falling due within one year | |||||
| 2022 | 2021 | |||||
| Notes | 6 | |||||
| Borrowings | 4,607 | |||||
| Other taxation | and social security | 5,859 | 2,022 | |||
| Government | grants | 12,347 | 1,617 | |||
| Trade creditors | 38,120 | 68,765 | ||||
| Accruals and | deferred | income | 37,844 | 45,350 | ||
| 98,777 | 117,754 |
| 2022 | 2021 | ||
|---|---|---|---|
| B | |||
| Balance brought | forward | 1,617 | 32,885 |
| Income received | in the year | 209,856 | 160,051 |
| Released to income | (199,126) | (191,319) | |
| Balance carried | forward | 12,347 | 1,617 |
| Value ofscheme assets and liabilities | Value ofscheme assets and liabilities | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Fair value ofscheme assets | 5,393,000 | 4,744,000 | |
| Fair value ofscheme liabilities | (6,421,000) | (6,575,000) | |
| Pension scheme (deficit) | (1,028,000) | (1,831,000) | |
| titlovement in year |
|||
| 2022 | 2021 | ||
| Scheme deficit at beginning | ofyear | (1,831,000) | (1,165,000) |
| Expected return on assets | 504,000 | 90,000 | |
| Current service costs | (285,000) | (213,000) | |
| Interest costs | (137,000) | (115,000) | |
| Contributions by the employer |
257,000 | 203,000 | |
| Actuarial gain/(loss) for the |
period | 517,000 | (631,000) |
| Past service cost adjustment | (53,000) | ||
| Pension scheme deficit at the year end | (1,028,000) | (1,831,000) |
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| under non-cancellable operating leases, which fall due |
as follows: | |
|---|---|---|
| 2022 | 2021 | |
| 6 | ||
| Within one year | 44,814 | 44,814 |
| Between two and five years | 149,485 | 132,996 |
| In over five years | 187,708 | 230,208 |
| 382,007 | 408,018 |
| Custodial Trustee - Edward | Nichot Fund | (Continued) | ||
|---|---|---|---|---|
| Assets held at 31 March | ||||
| 2022 | 2021 | |||
| Funds held in the trust bank | account | 49,595 | 19,562 | |
| Fair value ofthe investment | porffolio by investment | managers | 1,518,288 | 1,423,035 |
| Total assets | 1,567,883 | 1,442,597 |