| Page | ||
|---|---|---|
| Report ofthe Trustees | 3 to | 25 |
| Report ofthe Independent Auditors |
26 to | 28 |
| Statement of Financial Activities | 29 | |
| Balance Sheet | 30 | |
| Cash Flow Statement | 31 | |
| Notes to the Cash Flow Statement | 32 | |
| Notes to the Financial Statements | 33 to | 45 |
| 31.3.22 | 31.3.21 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | E | E | f | E | |||
| INCOME AND | ENDOWMENTS | FROM | |||||
| Donations and |
legacies | 2 | 973,283 | 136,171 | 1,109,454 | 1,448,803 | |
| Other trading | activities | 3 | 88,759 | 88,759 | 113,649 | ||
| Investment income |
4 | 3,377 | 3,377 | 10,777 | |||
| Other income | 429 | 429 | |||||
| Total | 1,065,848 | 136,171 | 1,202,019 | 1,573,229 | |||
| EXPENDITURE | ON | ||||||
| Raising funds | 112,762 | 3,017 | 115,779 | 135,080 | |||
| Charitable activities |
|||||||
| General | 1,215,970 | 154,250 | 1,370,220 | 1,019,977 | |||
| Total | 1,328,732 | 157,267 | 1,485,999 | 1,155,057 | |||
| Net gains on investments | 37,516 | 37,516 | 36,932 | ||||
| NET INCOME/(EXPENDITURE) | (225,368) | (21,096) | (246,464) | 455,104 | |||
| Transfers between funds |
16 | (54,763) | 54,763 | ||||
| Net movement | in funds | (280,131) | 33,667 | (246,464) | 455,104 | ||
| RECONCILIATION OF FUNDS |
|||||||
| Totalfunds brought forward |
1,574,781 | 1,574,781 | 1,119,677 | ||||
| TOTAL FUNDS | CARRIED FORWARD | 1,294,650 | 33,667 | 1,328,317 | 1,574,781 |
| Balance Sheet 31March 2022 |
||||||
|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||||
| Unrestricted | Restricted | Tota I | Tata I |
|||
| fund | funds | funds | funds | |||
| Notes | f | E | E | E | ||
| FIXED ASSETS | ||||||
| Tangible assets | 10 | 6,902 | 6,902 | 7,611 | ||
| Investment property |
11 | 340,000 | 340,000 | 763,207 | ||
| 346,902 | 346,902 | 770,818 | ||||
| CURRENT ASSETS | ||||||
| Stocks | 12 | 38,247 | 38,247 | 48,088 | ||
| Debtors | 13 | 128,866 | 128,866 | 119,752 | ||
| Cash at bank | 882,034 | 33,667 | 915,701 | 677,420 | ||
| 1,049,147 | 33,667 | 1,082,814 | 845,260 | |||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 14 | (101,399) | (101,399) | (41,297) | |
| NET CURRENT ASSETS | 947,748 | 33,667 | 981,415 | 803,963 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 1,294,650 | 33,667 | 1,328,317 | 1,574,781 | ||
| NET ASSETS | 1,294,650 | 33,667 | 1,328,317 | 1,574,781 | ||
| FUNDS | 16 | |||||
| Unrestricted funds |
1,294,650 | 1,574,781 | ||||
| Restricted funds | 33,667 | |||||
| TOTAL FUNDS | 1,328,317 | 1,574,781 |
| Cash Flow Statement | |||||
|---|---|---|---|---|---|
| for the Year Ended 31March 2022 | |||||
| 31.3.22 | 31.3.21 | ||||
| Notes | E | f | |||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
1 | (222,968) | 372,376 | ||
| Net cash (used in)/provided | by operating | activities | (222,968) | 372,376 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets |
(3,280) | (681) | |||
| Purchase of investment property |
(302,484) | (427,306) | |||
| Sale of investment property |
763,636 | ||||
| Rent received | 3,250 | 10,680 | |||
| Interest received | 127 | 97 | |||
| Net cash provided by/(used |
in) investing | activities | 461,249 | (417,210) | |
| Change in cash and cash equivalents |
in | ||||
| the reporting period |
238,281 | (44,834) | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 677,420 | 722,254 | ||
| Cash and cash equivalents | at the end | ||||
| ofthe reporting period |
915,701 | 677,420 |
| RECONCILIATION OF NET ( ACTIVITIES |
EXPENDITURE)/IN | COME TO NET CASH FL |
OW FROM OPERAT | ING |
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| E | E | |||
| Net (expenditure)/income | for the reporting | period (as per the | ||
| Statement of Financial Activities) |
(246,464) | 455,104 | ||
| Adjustments for: |
||||
| Depreciation charges |
3,989 | 5,227 | ||
| Gain on investments | (37,516) | (36,932) | ||
| Profit on disposal offixed assets | (429) | |||
| Interest received | (127) | (97) | ||
| Rent received | (3,250) | (10,680) | ||
| Decrease in stocks |
9,841 | 9,523 | ||
| Increase in debtors |
(9,114) | (52,628) | ||
| Increase in creditors |
60,102 | 2,859 | ||
| Net cash (used in)/provided | by operations | (222,968) | 372,376 |
| At 1.4.21 | Cash flow | At 31.3.22 | ||
|---|---|---|---|---|
| E | f | E | ||
| Net | cash | |||
| Cash | at bank | 677,420 | 238,281 | 915,701 |
| 677,420 | 238,281 | 915,701 | ||
| Tota | I | 677,420 | 238,281 | 915,701 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| f | E | |
| Donations | 857,507 | 694,737 |
| Legacies | 212,394 | 675,697 |
| Grants | 8,000 | 55,891 |
| Subscriptions | 31,553 | 22,478 |
| 1,109,454 | 1,448,803 |
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| E | E | |
| Fundra ising events | 1,652 | |
| Shop income | 81,700 | 99,929 |
| Advertising | 60 | 1,082 |
| Raffle | 6,999 | 10,986 |
| 88,759 | 113,649 |
| 31.3.22 | 31.3.21 |
|---|---|
| f | E |
| 3,250 | 10,680 |
| 127 | 97 |
| 3,377 | 10,777 |
| 31.3.22 | 31.3.21 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Auditors' remuneration |
5,500 | 4,750 | |||
| Depreciation | 3,990 | 5,228 | |||
| TOTAL EXPENDITURE | |||||
| Raising | Charitable | 2022 | |||
| Funds | Activities | Total | |||
| f | E | f | |||
| Staff costs | 654,918 | 654,918 | |||
| Campaigns | 310,839 | 310,839 | |||
| Festivals and | events | 6,501 | 6,501 | ||
| Merchandise | costs | 58,675 | 58,675 | ||
| Other direct | costs | 137,925 | 137,925 | ||
| Support and | governance | costs (see note 6) | 57,104 | 260,038 | 317,142 |
| Total expenditure | 115,779 | 1,370,220 | 1,485,999 | ||
| Governance | costs totalled | E5,500 (2021:f4,750) | |||
| Prior year comparative | Raising | Charitable | 2021 | ||
| Funds | Activities | Total | |||
| f | E | E | |||
| Staff costs | 632,346 | 632,346 | |||
| Campaigns | 168,362 | 168,362 | |||
| Festivals and | events | (4,799) | (4,799) | ||
| Merchandise | costs | 73,306 | 73,306 | ||
| Other direct | costs | 30,302 | 30,302 | ||
| Support and | governance | costs (see note 6) | 61,774 | 193,766 | 255,540 |
| Total expenditure | 135,080 | 1,019,977 | 1,155,057 |
| DIRECT COS | TS OF CHARITABLE ACTIVITIES | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| f | E | ||
| Staff costs | 654,918 | 632,346 | |
| Premises costs | 73,077 | 53,321 | |
| Other admin | 30,205 | 13,196 | |
| ITsoftware | 9,715 | 13,933 | |
| vveb costs | 10,209 | 14,072 | |
| Depreciation | 3,990 | 5,228 | |
| Postage | 27,732 | 29,805 | |
| Motor &Travel | 23,104 | 5,998 | |
| Equipment | hire | 4,597 | 2,243 |
| Audit gr Accountancy |
15,933 | 15,942 | |
| Professional | fees | 15,817 | 17,093 |
| Festiva Is th events | 6,501 | (4,799) | |
| Campaigns | 310,838 | 168,362 | |
| Other direct | costs | 137,925 | 30,302 |
| Freelancers | 45,659 | 22,935 | |
| 1,370,220 | 1,019,977 |
| Method of | Raising | Charitable | 2022 | |||
|---|---|---|---|---|---|---|
| allocation | funds | activities | Total | |||
| E | f | f | ||||
| Premises costs | Direct | 73,077 | 73,077 | |||
| Other admin | Direct | 30,205 | 30,205 | |||
| ITsoftware | and consumables | Direct | 9,715 | 9,715 | ||
| Web costs | Direct | 10,209 | 10,209 | |||
| Depreciation | Direct | 3,990 | 3,990 | |||
| Postage | Direct | 57,104 | 27,732 | 84,836 | ||
| Motor and travel | Direct | 23,104 | 23,104 | |||
| Equipment | hire | Direct | 4,597 | 4,597 | ||
| Audit and accountancy | fees | Direct | 15,933 | 15,933 | ||
| Professional | fees | Direct | 15,817 | 15,817 | ||
| Freelancers | Direct | 45,659 | 45,659 | |||
| 57,104 | 260,038 | 317,142 | ||||
| Prior year comparative | Method of | Raising | Charitable | 2021 | ||
| allocation | funds | activities | Tota I | |||
| Premises costs | Direct | 53,321 | 53,321 | |||
| Other admin | Direct | 13,197 | 13,197 | |||
| ITsoftware | and consumables | Direct | 13,933 | 13,933 | ||
| Web costs | Direct | 14,072 | 14,072 | |||
| Depreciation | Direct | 5,227 | 5,227 | |||
| Postage | Direct | 61,774 | 29,805 | 91,579 | ||
| Motor and travel | Direct | 5,998 | 5,998 | |||
| Equipment | hire | Direct | 2,243 | 2,243 | ||
| Audit and accountancy | fees | Direct | 15,942 | 15,942 | ||
| Professional | fees | Direct | 17,093 | 17,093 | ||
| Freelancers | Direct | 22,935 | 22,935 | |||
| 61,774 | 193,766 | 255,540 |
| STAFF | COSTS | ||
|---|---|---|---|
| 31.3,22 | 31.3.21 | ||
| E | E | ||
| Wages | and salaries | 581,688 | 560,894 |
| Social | security costs | 49,263 | 46,502 |
| Other | pension costs | 23,967 | 24,950 |
| 654,918 | 632,346 |
| 31.3.22 | 31.3.21 | ||||
|---|---|---|---|---|---|
| Average | head | count | 22 | 23 | |
| No employees | received emoluments | in excess ofE60,000. |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| E | E | E | ||
| INCOME AND | ENDOWMENTS | FROM | ||
| Donations and |
legacies | 1,390,558 | 58,245 | 1,448,803 |
| Other trading | activities | 113,649 | 113,649 | |
| Investment income |
10,777 | 10,777 | ||
| Total | 1,514,984 | 58,245 | 1,573,229 | |
| EXPENDITURE | ON | |||
| Raising funds | 104,668 | 30,412 | 135,080 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
||
|---|---|---|---|---|
| Unrestricted | Restricted | Tata I | ||
| fund | funds | funds | ||
| E | E | E | ||
| Charitable | activities | |||
| General | 964,155 | 55,822 | 1,019,977 | |
| Total | 1,068,823 | 86,234 | 1,155,057 | |
| Net gains | on investments | 36,932 | 36,932 | |
| NET INCOME/(EXPENDITURE) | 483,093 | (27,989) | 455,104 | |
| Transfers | between funds |
(19,581) | 19,581 | |
| Net movement in funds |
463,512 | (8,408) | 455,104 | |
| RECONCILIATION OF FUNDS |
||||
| Total funds | brought forward |
1,111,269 | 8,408 | 1,141,654 |
| TOTAL FUNDS CARRIED FORWARD | 1,574,781 | 1,574,781 |
| 10. | TANGIBLE FIXEDASSETS | ||
|---|---|---|---|
| Computer | |||
| equipment | |||
| f | |||
| COST | |||
| At 1April 2021 | 54,399 | ||
| Additions | 3,280 | ||
| Disposals | (2,031) | ||
| At 31March 2022 | 55,648 | ||
| DEPRECIATION | |||
| At 1April 2021 | 46,788 | ||
| Charge for year | 3,989 | ||
| Eliminated on disposal |
(2,031) | ||
| At 31March 2022 | 48,746 | ||
| NET BOOK VALUE | |||
| At 31March 2022 | 6,902 | ||
| At 31March 2021 | 7,611 | ||
| 11. | INVESTMENT PROPERTY | ||
| FAIR VALUE | |||
| At 1April 2021 | 763,207 | ||
| Additions | 302,484 | ||
| Disposals | (763,207) | ||
| Revaluation | 37,516 | ||
| At 31March 2022 | 340,000 | ||
| NET BOOK VALUE | |||
| At 31March 2022 | 340,000 | ||
| At 31March 2021 | 763,207 | ||
| Fair value at 31March 2022 is represented | by: | ||
| E | |||
| Valuation in 2022 |
340,000 |
| 12. | STOCKS | ||||||
|---|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | ||||||
| E | f | ||||||
| Stocks | 38,247 | 48,088 | |||||
| 13. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.22 | 31.3.21 | ||||||
| 6 | f | ||||||
| Trade debtors | 12,083 | 4,358 | |||||
| Other debtors | 857 | 8,010 | |||||
| VAT | 8,836 | 17,117 | |||||
| Prepayments | and accrued income | 107,090 | 90,267 | ||||
| 128,866 | 119,752 | ||||||
| 14. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.22 | 31.3.21 | ||||||
| f | E | ||||||
| Trade creditors | 66,151 | 21,734 | |||||
| Taxation | and | social security | 13,585 | 11,941 | |||
| Other creditors | 21,663 | 7,622 | |||||
| 101,399 | 41,297 | ||||||
| 15. | LEASING | AGREEMENTS |
| 31.3.22 | 31.3.21 | |
|---|---|---|
| f | f | |
| Within one year | 26,400 | 26,400 |
| Between one and five years | 105,600 | 105,600 |
| In more than five years | 26,400 | |
| 132,000 | 158,400 |
| for th | e Year Ended 31 | e Year Ended 31 | March 20 | March 20 | 22 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 16. | MOVEMENT IN |
FUNDS | |||||||
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1.4.21 | in funds | funds | 31.3.22 | ||||||
| E | f | f | f | ||||||
| Unrestricted funds |
|||||||||
| General fund | 1,574,781 | (225,368) | (54,763) | 1,294,650 | |||||
| Restricted | funds | ||||||||
| Takeaway | the Meat | - TV | and | ||||||
| Production | (12,814) | 12,814 | |||||||
| Takeaway | the Meat | —TV | and | ||||||
| Broadcast | Crowdfund | (41,949) | 41,949 | ||||||
| Ukraine | 33,667 | 33,667 | |||||||
| (21,096) | 54,763 | 33,667 | |||||||
| TOTALFUNDS | 1,574,781 | (246,464) | 1,328,317 | ||||||
| Net movement | in funds, | included | in the above are as follows: | ||||||
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| E | E | E | E | ||||||
| Unrestricted funds |
|||||||||
| General fund | 1,065,848 | (1,328,732) | 37,516 | (225,368) | |||||
| Restricted | funds | ||||||||
| Furlough | Grant | 6,740 | (6,740) | ||||||
| Take away | the Meat | —TV | and | ||||||
| Production | 24,232 | (37,046) | (12,814) | ||||||
| Takeaway | the Meat | - TV | and | ||||||
| Broadcast | Crowdfund | 39,362 | (81,311) | (41,949) | |||||
| Ukraine | 65,837 | (32,170) | 33,667 | ||||||
| 136,171 | (157,267) | (21,096) | |||||||
| TOTAL FUNDS | 1,202,019 | (1,485,999) | 37,516 | (246,464) |
| Prior | Net | Transfers | |||||
|---|---|---|---|---|---|---|---|
| year | movement | between | At | ||||
| At 1.4.20 E |
adjustment f |
in funds E |
funds f |
31.3.21 f |
|||
| Unrestricted funds |
|||||||
| General fund | 1,133,246 | (21,977) | 483,093 | (19,581) | 1,574,781 | ||
| Restricted | funds | ||||||
| Hogwood | Campaign | 8,408 | (16,883) | 8,475 | |||
| Billboards | Appeal | (11,106) | 11,106 | ||||
| 8,408 | (27,989) | 19,581 | |||||
| TOTALFUNDS | 1,141,654 | (21,977) | 455,104 | 1,574,781 | |||
| Comparative net movement |
in funds, included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| f | E | E | |||||
| Unrestricted funds |
|||||||
| General fund | 1,514,984 | (1,068,823) | 36,932 | 483,093 | |||
| Restricted | funds | ||||||
| Hogwood | Campaign | 280 | (17,163) | (16,883) | |||
| Billboards | Appeal | 2,074 | (13,180) | (11,106) | |||
| Furlough | Grant | 55,891 | (55,891) | ||||
| 58,245 | (86,234) | (27,989) | |||||
| TOTAL FUNDS | 1,573,229 | (1,155,057) | 36,932 | 455,104 |