| Page | |||||
|---|---|---|---|---|---|
| Report ofthe | Trustees | 1 | to | 10 | |
| Independent | Examiner's | Report | |||
| Statement of |
Financial | Activities | 12 | ||
| Balance Sheet | 13 | to | 14 | ||
| Notes to the Financial Statements | 15 | to | 26 | ||
| Detailed Statement of Financial Activities |
27 | to | 28 |
| 31.10.21 | 31.10.20 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Tota I |
Tota I |
|||||
| funds | funds | funds | funds | |||||
| Notes | E | f | f | f | ||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies |
9,345 | 5,107 | 14,452 | 28,567 | ||||
| Charitable activities |
||||||||
| Courses and training | 2,461 | 240 | 2,701 | 5,554 | ||||
| Membership subscriptions |
71,795 | 71,795 | 79,522 | |||||
| Newsletter and publications |
9,907 | 9,907 | 18,152 | |||||
| Federation meetings |
9,471 | 9,471 | ||||||
| Other trading activities |
12,120 | 12,120 | 16,439 | |||||
| Investment income |
22,749 | 22,749 | 24,936 | |||||
| Other income | 5,750 | 5,750 | 3,078 | |||||
| Total | 143,598 | 5,347 | 148,945 | 176,248 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 9,730 | 9,730 | 13,530 | |||||
| Charitable activities |
||||||||
| Courses and training | 2,554 | 346 | 2,900 | 3,309 | ||||
| Newsletter and publications |
5,114 | 5,114 | 5,791 | |||||
| Federation meetings |
8,743 | 8,743 | 3,318 | |||||
| Support costs | 101,593 | 101,593 | 119,362 | |||||
| Governance | 5,328 | 5,328 | 7,611 | |||||
| Other charitable expenditure |
1,247 | 1,247 | 553 | |||||
| Total | 134,309 | 346 | 134,655 | 153,474 | ||||
| Net gains/(losses) on |
investments | 67,634 | 67,634 | (83,470) | ||||
| NET INCOME/(EXPENDITURE) | 76,923 | 5,001 | 81,924 | (60,696) | ||||
| Transfers between funds |
15 | (1,441) | 1,441 | |||||
| Net movement in funds |
75,482 | 6,442 | 81,924 | (60,696) | ||||
| RECONCILIATION OF |
FUNDS | |||||||
| Total funds brought | forward | 1,103,482 | 7,813 | 1,111,295 | 1,171,991 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,178,964 | 14,255 | 1,193,219 | 1,111,295 |
| 31.10.21 | 31.10.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Tota I |
Tota I |
|||
| funds | funds | funds | funds | |||
| Notes | E | E | f | E | ||
| FIXED ASSETS | ||||||
| Ta ngib le assets | 10 | 345,492 | 345,492 | 349,577 | ||
| Investments | 11 | 615,725 | 615,725 | 548,554 | ||
| 961,217 | 961,217 | 898,131 | ||||
| CURRENT ASSETS | ||||||
| Stocks | 12 | 1,843 | 1,843 | 2,263 | ||
| Debtors | 13 | 37,382 | 37,382 | 26,355 | ||
| Cash at bank and | in hand | 215,926 | 14,255 | 230,181 | 205,051 | |
| 255,151 | 14,255 | 269,406 | 233,669 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
14 | (37,404) | (37,404) | (20,505) | ||
| NET CURRENT ASSETS | 217,747 | 14,255 | 232,002 | 213,164 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,178,964 | 14,255 | 1,193,219 | 1,111,295 | ||
| NET ASSETS | 1,178,964 | 14,255 | 1,193,219 | 1,111,295 | ||
| FUNDS | 15 | |||||
| Unrestricted funds |
1,178,964 | 1,103,482 | ||||
| Restricted funds | 14,255 | 7,813 | ||||
| TOTAL FUNDS | 1,193,219 | 1,111,295 |
| 31.10.21 | 31.10.20 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Donations | 6,991 | 5,184 | |||
| Grants | 7,461 | 23,383 | |||
| 14,452 | 28,567 | ||||
| Grants received, | included | in the above, are as follows: | |||
| 31.10.21 | 31.10.20 | ||||
| f | f | ||||
| Furlough | grant | 7,461 | 23,383 |
| OTHER TRAD | ING ACTIVIT | IES | |||||
|---|---|---|---|---|---|---|---|
| 31.10.21 | 31.10.20 | ||||||
| E | f | ||||||
| Fundraising | events | 11,348 | 15,913 | ||||
| Shop income | 772 | 526 | |||||
| 12,120 | 16,439 | ||||||
| INVESTMENT | INCOME | ||||||
| 31.10.21 | 31.10.20 | ||||||
| E | f | ||||||
| Income from | investments | held on a recognised | stock exchange | - UK | 22,304 | 24,044 | |
| Bank interest | receivable | 445 | 892 | ||||
| 22,749 | 24,936 |
| Governance | ||||||||
|---|---|---|---|---|---|---|---|---|
| Finance | Other | costs | Totals | |||||
| f | f | f | ||||||
| Support costs | 843 | 100,052 | 100,895 | |||||
| Governance | 5,328 | 5,328 | ||||||
| 843 | 100,052 | 5,328 | 106,223 | |||||
| Support costs, included | in the above, are as follows: | |||||||
| 31.10.21 | 31.10.20 | |||||||
| Support | Total | Tota I |
||||||
| costs | Governance | activities | activities | |||||
| f | f | E | f | |||||
| Bank charges | 843 | 843 | 1,262 | |||||
| Wages | 53,101 | 53,101 | 74,531 | |||||
| Social security | 49 | 49 | 917 | |||||
| Pensions | 928 | 928 | 1,011 | |||||
| Operating leases - |
plant | and machinery | 983 | 983 | 715 | |||
| Property expenses | 9,542 | 9,542 | 9,985 | |||||
| Insurance | 3,924 | 3,924 | 3,342 | |||||
| Other professional | fees | 10,770 | 10,770 | 8,751 | ||||
| Telephone | 3,818 | 3,818 | 3,451 | |||||
| Printing, postage and stationery |
4,882 | 4,882 | 5,481 | |||||
| Other administrative | expenses | 2,338 | 2,338 | 2,339 | ||||
| Lega I fees |
1,436 | 1,436 | ||||||
| Depreciation | oftangible | fixed assets | 8,281 | 8,281 | 7,577 | |||
| Board ofTrustees | 2, | 153 | 2,153 | 1,432 | ||||
| Accountancy | 2,840 | 2,840 | 3,485 | |||||
| Training | 335 | 335 | 2,694 | |||||
| 100,895 | 5,328 | 106,223 | 126,973 |
| STAFF COST | S | |||||
|---|---|---|---|---|---|---|
| 31.10.21 | 31.10.20 | |||||
| f | f | |||||
| Wages and salaries | 53,101 | 74,531 | ||||
| Social security costs | 49 | 917 | ||||
| Other pension costs | 928 | 1,011 | ||||
| 54,078 | 76,459 | |||||
| The average | monthly | number | of employees | during the year was as follows: | ||
| 31.10.21 | 31.10.20 | |||||
| Administrative | staff | 3 | 5 |
| Unrestricted | Restricted | Tota I |
||
|---|---|---|---|---|
| funds | funds | funds | ||
| E | f | E | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
27,084 | 1,483 | 28,567 | |
| Charitable activities |
||||
| Courses and training | 5,554 | 5 554 | ||
| Membership subscriptions |
79,522 | 79,522 | ||
| Newsletter and publications |
18,152 | 18,152 | ||
| Other trading activities |
16,439 | 16,439 | ||
| Investment income |
24,936 | 24,936 | ||
| Other income | 3,078 | 3,078 | ||
| Total | 174,765 | 1,483 | 176,248 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
||
|---|---|---|---|
| Unrestricted | Restricted | Tota I |
|
| funds | funds | funds | |
| E | f | f | |
| EXPENDITURE ON | |||
| Raising funds | 13,530 | 13,530 | |
| Charitable activities |
|||
| Courses and training | 3,309 | 3,309 | |
| Newsletter and publications |
5,791 | 5,791 | |
| Federation meetings |
3,318 | 3,318 | |
| Support costs | 119,362 | 119,362 | |
| Governance | 7,611 | 7,611 | |
| Other charitable expenditure |
261 | 292 | 553 |
| Total | 153,182 | 292 | 153,474 |
| Net gains/(losses) on investments |
(83,470) | (83,470) | |
| NET INCOME/(EXPENDITURE) | (61,887) | 1,191 | (60,696) |
| Transfers between funds |
1,827 | (1,827) | |
| Net movement in funds |
(60,060) | (636) | (60,696) |
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward |
1,163,542 | 8,449 | 1,171,991 |
| TOTAL FUNDS CARRIED FORWARD | 1,103,482 | 7,813 | 1,111,295 |
| TANGIBLE FIXE | DASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Freehold | Office | and | |||
| property | equipment | fittings | Totals | ||
| f | f | f | f | ||
| COST | |||||
| At 1 November | 2020 | 429,848 | 9,673 | 27,866 | 467,387 |
| Additions | 4,196 | 4,196 | |||
| At 31October 2021 | 429,848 | 13,869 | 27,866 | 471,583 | |
| DEPRECIATION | |||||
| At 1 November | 2020 | 89,928 | 7,162 | 20,720 | 117,810 |
| Charge for year | 5,720 | 1,754 | 807 | 8,281 | |
| At 31October 2021 | 95,648 | 8,916 | 21,527 | 126,091 | |
| NET BOOK VALUE | |||||
| At 31October 2021 | 334,200 | 4,953 | 6,339 | 345,492 | |
| At 31October 2020 | 339,920 | 2,511 | 7,146 | 349,577 |
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| f | |
| MARKET VALUE | |
| At 1 November 2020 |
548,554 |
| Revaluations | 67,171 |
| At 31October 2021 | 615,725 |
| NET BOOK VALUE | |
| At 31October 2021 | 615,725 |
| At 31October 2020 | 548,554 |
| 31October | 31October | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| f | f | |||||
| Mg G Corporate | Bond | 58,608 | 59,178 | |||
| AXA Investments | 40,956 | 40,762 | ||||
| Pimco Globa | I Advisers | 41,160 | 41,760 | |||
| Mercantile | Investment | Trust | 34,515 | |||
| Unil ever | 33,030 | |||||
| Royal London | 28,740 | |||||
| Vanguard | 28,935 | |||||
| 175,239 | 232,405 |
| Listed | |||||
|---|---|---|---|---|---|
| investments | |||||
| f | |||||
| Valuation in 2021 |
615,725 | ||||
| 12. | STOCKS | ||||
| 31.10.21 | 31.10.20 | ||||
| f | f | ||||
| Goods for resale | 1,843 | 2,263 | |||
| 13. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 31.10.21 | 31.10.20 | ||||
| f | f | ||||
| Trade debtors | 8,250 | 342 | |||
| Other debtors | 16,712 | 17,563 | |||
| Prepayments | 12,420 | 8,450 | |||
| 37,382 | 26,355 | ||||
| 14. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 31.10.21 | 31.10.20 | ||||
| f | f | ||||
| Trade creditors | 2,075 | 1,730 | |||
| Other creditors | 35,313 | 18,775 | |||
| Accruals and deferred | income | 16 | |||
| 37,404 | 20,505 |
| MOVEMENT IN F |
UNDS | |||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| At | movement | between | At | |||
| 1.11.20 | in funds | funds | 31.10.21 | |||
| f | f | f | f | |||
| Unrestricted funds |
||||||
| General fund |
1,058,454 | 77,144 | (8,107) | 1,127,491 | ||
| Denman College |
—Surrey | Room | 1,994 | 1,994 | ||
| IT Fund | 6,049 | (177) | 500 | 6,372 | ||
| Denman ACM f1 |
Draw | 1,773 | 1,773 | |||
| Promotion Fund |
1,150 | 18 | 1,168 | |||
| Friendship Fund |
18,776 | 300 | 2,166 | 21,242 | ||
| Eileen Bowler Legacy | 27 | (11) | 16 | |||
| Maintenance fund |
5,106 | 1,000 | 6,106 | |||
| Training Fund |
4,760 | (351) | 3,000 | 7,409 | ||
| Bursary Fund | 5,393 | 5,393 | ||||
| 1,103,482 | 76,923 | (1,441) | 1,178,964 | |||
| Restricted funds | ||||||
| Let's cook | 1,363 | 1,363 | ||||
| Friendship Fund |
6,450 | 5,107 | (2,166) | 9,391 | ||
| Cranleigh Show |
680 | 680 | ||||
| Surrey Serenaders | (26) | 2,295 | 2,269 | |||
| Crafty Ladies | 401 | 401 | ||||
| Camera club | 91 | 91 | ||||
| 3CScience group | (80) | 140 | 60 | |||
| 7,813 | 5,001 | 1,441 | 14,255 | |||
| TOTAL FUNDS | 1,111,295 | 81,924 | 1,193,219 | |||
| Net movement in |
funds, | included | in the above are as follows: | |||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| E | f | f | E | |||
| Unrestricted funds |
||||||
| General fund |
142,909 | (133,399) | 67,634 | 77,144 | ||
| IT Fund | (177) | (177) | ||||
| Promotion Fund |
18 | 18 | ||||
| Friendship Fund |
689 | (389) | 300 | |||
| Eileen Bowler Legacy | (11) | (11) | ||||
| Training Fund |
(351) | (351) | ||||
| 143,598 | (134,309) | 67,634 | 76,923 | |||
| Restricted funds | ||||||
| Friendship Fund |
5,107 | 5,107 | ||||
| Surrey Serenaders | 240 | (266) | (26) | |||
| 3CScience group | (80) | (80) | ||||
| 5,347 | (346) | 5,001 | ||||
| TOTAL FUNDS | 148,945 | (134,655) | 67,634 | 81,924 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| At | movement | between | At | |||
| 1.11.19 | in funds | funds | 31.10.20 | |||
| f | f | E | f | |||
| Unrestricted | funds | |||||
| General fund |
1,129,214 | (58,652) | (12,108) | 1,058,454 | ||
| Denman College |
—Surrey Room | 2,057 | (63) | 1,994 | ||
| IT Fund | 570 | (21) | 5,500 | 6,049 | ||
| Denman ACM |
f1 | Draw | 1,665 | 108 | 1,773 | |
| Promotion Fund |
688 | (38) | 500 | 1,150 | ||
| Friendship Fund |
15,700 | 1,249 | 1,827 | 18,776 | ||
| Eileen Bowler | Legacy | 63 | (36) | 27 | ||
| Maintenance | fund | 5,738 | (1,632) | 1,000 | 5,106 | |
| Training Fund |
2,454 | (2,694) | 5,000 | 4,760 | ||
| Bursary Fund | 5,393 | 5,393 | ||||
| 1,163,542 | (61,887) | 1,827 | 1,103,482 | |||
| Restricted funds | ||||||
| Let's cook | 1,655 | (292) | 1,363 | |||
| Friendship Fund |
6,794 | 1,483 | (1,827) | 6,450 | ||
| 8,449 | 1,191 | (1,827) | 7,813 | |||
| TOTAL FUNDS | 1,171,991 | (60,696) | 1,111,295 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f | f | f | f | ||
| Unrestricted | funds | ||||
| General fund |
173,495 | (148,677) | (83,470) | (58,652) | |
| Denman College - Surrey Room |
(63) | (63) | |||
| IT Fund | (21) | (21) | |||
| Promotion Fund |
(38) | (38) | |||
| Friendship Fund |
1,270 | (21) | 1,249 | ||
| Eileen Bowler | Legacy | (36) | (36) | ||
| Maintenance | fund | (1,632) | (1,632) | ||
| Training Fund |
(2,694) | (2,694) | |||
| 174,765 | (153,182) | (83,470) | (61,887) | ||
| Restricted funds | |||||
| Let's cook | (292) | (292) | |||
| Friendship Fund |
1,483 | 1,483 | |||
| 1,483 | (292) | 1,191 | |||
| TOTAL FUNDS | 176,248 | (153,474) | (83,470) | (60,696) |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| At | movement | between | At | |||
| 1.11.19 | in funds | funds | 31.10.21 | |||
| f | E | f | f | |||
| Unrestricted | funds | |||||
| General fund |
1,129,214 | 18,492 | (20,215) | 1,127,491 | ||
| Denman College |
—Surrey Room | 2,057 | (63) | 1,994 | ||
| IT Fund | 570 | (198) | 6,000 | 6,372 | ||
| Denman ACM |
E1 | Draw | 1,665 | 108 | 1,773 | |
| Promotion Fund |
688 | (20) | 500 | 1,168 | ||
| Friendship Fund |
15,700 | 1,549 | 3,993 | 21,242 | ||
| Eileen Bowler | Legacy | 63 | (47) | 16 | ||
| Maintenance | fund | 5,738 | (1,632) | 2,000 | 6,106 | |
| Training Fund |
2,454 | (3,045) | 8,000 | 7,409 | ||
| Bursary Fund | 5,393 | 5,393 | ||||
| 1,163,542 | 15,036 | 386 | 1,178,964 | |||
| Restricted funds | ||||||
| Let's cook | 1,655 | (292) | 1,363 | |||
| Friendship Fund |
6,794 | 6,590 | (3,993) | 9,391 | ||
| Cranleigh Show |
680 | 680 | ||||
| Surrey Serenaders | (26) | 2,295 | 2,269 | |||
| Crafty Ladies | 401 | 401 | ||||
| Camera club |
91 | 91 | ||||
| 3CScience group | (80) | 140 | 60 | |||
| 8,449 | 6,192 | (386) | 14,255 | |||
| TOTAL FUNDS | 1,171,991 | 21,228 | 1,193,219 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| f | E | f | f | |
| Unrestricted funds |
||||
| General fund |
316,404 | (282,076) | (15,836) | 18,492 |
| Denman College - Surrey Room |
(63) | (63) | ||
| IT Fund | (198) | (198) | ||
| Promotion Fund |
(20) | (20) | ||
| Friendship Fund |
1,959 | (410) | 1,549 | |
| Eileen Bowler Legacy | (47) | (47) | ||
| Maintenance fund |
(1,632) | (1,632) | ||
| Training Fund |
(3,045) | (3,045) | ||
| 318,363 | (287,491) | (15,836) | 15,036 | |
| Restricted funds | ||||
| Let's cook | (292) | (292) | ||
| Friendship Fund |
6,590 | 6,590 | ||
| Surrey Serenaders | 240 | (266) | (26) | |
| 3CScience group | (80) | (80) | ||
| 6,830 | (638) | 6,192 | ||
| TOTAL FUNDS | 325,193 | (288,129) | (15,836) | 21,228 |
| Detailed Statement of Financial Activities | ||||
|---|---|---|---|---|
| for the Year Ended 31October 2021 | ||||
| 31.10.21 | 31.10.20 | |||
| f | E | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 6,991 | 5,184 | ||
| Grants | 7,461 | 23,383 | ||
| 14,452 | 28,567 | |||
| Other trading activities | ||||
| Fundraising events |
11,348 | 15,913 | ||
| Shop income | 772 | 526 | ||
| 12,120 | 16,439 | |||
| Investment income |
||||
| Income from investments | held on a recognised | |||
| stock exchange —UK |
22,304 | 24,044 | ||
| Bank interest receivable |
445 | 892 | ||
| 22,749 | 24,936 | |||
| Charitable activities |
||||
| Membership subscriptions |
71,795 | 79,522 | ||
| Surrey Wl News | 6,880 | 14,619 | ||
| Courses and training | 2,701 | 5,554 | ||
| Yearbook | 3,027 | 3,533 | ||
| Federation meetings |
9,471 | |||
| 93,874 | 103,228 | |||
| Other income | ||||
| Other income | 5,750 | 3,078 | ||
| Total incoming resources |
148,945 | 176,248 | ||
| EXPENDITURE | ||||
| Other trading activities | ||||
| Purchases | 607 | 1,098 | ||
| Events | 9,123 | 12,432 | ||
| 9,730 | 13,530 | |||
| Charitable activities |
||||
| Federation meetings |
costs | 8,743 | 3,318 | |
| Courses and training | 3,580 | 3,309 | ||
| Carried forward | 12,323 | 6,627 |
| Detailed Statement | of Financial Activities | ||||
|---|---|---|---|---|---|
| for the Year Ended 31October 2021 | |||||
| 31.10.21 | 31.10.20 | ||||
| f | f | ||||
| Charitable activities |
|||||
| Brought forward | 12,323 | 6,627 | |||
| Surrey Wl News | 5,114 | 5,791 | |||
| Other expenses | 1,265 | 553 | |||
| 18,702 | 12,971 | ||||
| Support costs | |||||
| Finance | |||||
| Bank charges | 843 | 1,262 | |||
| Other | |||||
| Wages | 53,101 | 74,531 | |||
| Social security | 49 | 917 | |||
| Pensions | 928 | 1,011 | |||
| Operating leases - |
plant and machinery | 983 | 715 | ||
| Property expenses |
9,542 | 9,985 | |||
| Insurance | 3,924 | 3,342 | |||
| Other professional | fees | 10,770 | 8,751 | ||
| Telephone | 3,818 | 3,451 | |||
| Printing, postage and stationery |
4,882 | 5,481 | |||
| Other administrative | expenses | 2,338 | 2,339 | ||
| Legal fees | 1,436 | ||||
| Freehold property |
depreciation | 5,720 | 5,720 | ||
| Office equipment | depreciation | 1,754 | 958 | ||
| Fixtures and fittings | depreciation | 807 | 899 | ||
| 100,052 | 118,100 | ||||
| Governance costs |
|||||
| Board ofTrustees | 2,153 | 1,432 | |||
| Accountancy | 2,840 | 3,485 | |||
| Training | 335 | 2,694 | |||
| 5,328 | 7,611 | ||||
| Total resources expended | 134,655 | 153,474 | |||
| Net income before | gains and losses | 14,290 | 22,774 | ||
| Realised recognised | gains and losses | ||||
| Realised gains/(losses) | on fixed asset | ||||
| investments | 67,634 | (83,470) | |||
| Net income/(expenditure) | 81,924 | (60,696) |