2021-02-28-accounts - The Candlelighters Trust

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Pa~:
	Legal and administrative		information
	Report ofthe	Trustees
13	5tatement of	Trustees'	responsibilities
14	Report ofthe	independent auditors
17	Consolidated	statement	offinancial	activities
	(incorporating	statutory	income &	expendiCvre	accovntj
18	Ba Iance sheets
19	Cash flow statement
21	Notes to the	financial statements

itey rnanagemern	Management Tmmc
C Wralm	Chief Executive
L C Fletcher	Conrpany Secretary
N Kisby	Head af Family Support
L Win dell	Head ofFundraislng	and Marketing {leftOecember 2II20)
l.Pomeroy	Head af Finance and	Corporate	Services
T Robertshaw	Head ofFundraislng	(appointed	February 2021)
CGill	Head ofEngegenterrt	{appoirrted	itrtarch ZNl)

(Incorporating statutory inc	omeI expen	dlNsre	account)
						2021	2020
			U~ead~	Vnrasei~	Restiicsed	Total Wads	Total funds
			funds-	funds-	funds
				Exceptional
				legacy
		Nate
INCOME AND ENDOWMENTS	FROM
Ooisations and lefties:
Donations and grants			956~		335511	4291,149	1,261,297
Branch fundraising events			20W6		73%I	27,766	157,911
Legacies			1&316			774/16	204,725
Trading sctWitles —sale ofgoods			48%3			4,04&	12,719
Investment income			108,161			Ng,163	139.400
Total Income and Endosvrnents			1,2125l4			LK5,357	1,776,052
Expentgture on
Raisins funds					52/36	507+04	566,963
Charitable artivities					202,276	1,096344	2.504,e19
TatA expenditure					2M,714	1,~	2,071,re2
NET INCOME/(EXFENDITURE)	FOR		{136,720)			601&405	(295,730)
THE YEAR BEFORETRANSFERS
Trwssfars from restrkted reserve					l13,453)
NET INCOMEI {EXPENDITURE	MR				74,676	601~	(295,730)
THE YEAR AFTER TRAN5F ERS
Net Gains and Losses
Gains/(losSesl On InveStmentS
Realised			(43512)			l43512)	14,205
Vnrealised			246~			246,204	(44,831)
fast ntovernent In funds			79325		74,676	804,101	(326.456)
REG)NGUATION Of FUNDS
Balances bmught forward at 1March 2020					67q927	3560513	3.707,269
TOTAL FUNDSCARRIED FORWARD
AT zg February 2021		21	2,789,~11		745403	~,l$4,914	3,3RIIII3

						ingroup
									Chartty
					Note	2021	2020	2021	2020
						6	E	E	f
Fixed assets
Tangible Axed assets investments					10 il	597379 3W6,261	846,382 3,234,279	597/79 3W3470	846,382 3,260,%6
						4~,642	4,080,561	4W0~9	4,i07368
Current assets
Stock						15,027	17,657	15,027	27,657
Debtors					12	69,817	205,304	69,817	205,304
Irnrestrnents					13	560,020	294.641	560,020	294,641
Branch funds						32,1A6	33,046	32,l46	33,&t6
Cash at bank	and in	hand				763,790	377,978	763,790	377a978
						1,440,800	928,626	1,440,800	928.626
Uabllttfes; amounts		tailing	due
within one year
Grant awards					14	{626~)	(669,087J	(626,446)	(669,087)
Other					14	(52a208)	(76,84OJ	(79,015)	(103,647)
ftet current assets						762,146	182,699	735339	155,892
Total assets less current geblllttes						4,785,7884,263,260		4,785,7884,263,260
Uabl$ties.'antaunts		faglng	due
after mare than one		year
Grant awards					15	{600W4)	(882,447)	f600474)	(882,447)
Net assets					17	64,184,914	f3,380,813	%4,184,914	f3.380.823
Funds afthe	Chartty
Unrestricted	- Free charitable			reserve	21	1,940391	1,090,671	1,940391	l,i790,671
Unrestricted	—fixed	assets	reserve		21	597379	846,382	597379	846,382
Unrestricted-	design	ated.	su	pportive care	21	176,541	377,833	376,541	377,833
Unrestricted- designated Unrestricted- designated; Unresb icted- designated: Unrestdcted- designated:			digital Sheffietd Cottage research pot		21 21 21 21	150/NO 65+M 10PQQ MQ~	65,lm 30,000 307,Ã0	LSD~ 65~ 10~ 300~	65,000 30,000 300,000
Restricted					?1	745WS	67l7,927	745 F03	670,927
Total funds					21	E4,184,914	f3,380,813	E4,184,914	E3,380,813

					2021	2020
				Note	f
Cash laws from operating		acthrlties:
Cash generated from((used		Inj operations				(52tt,J38J
ftet cash	generated fromf	(used In)operattng				(5m,leal
activities
Cash flaws from Investiag ac5vities: Purchase oftangible fixed assets					(4,146)	(33,9'
Purchase	of Rxed asset irivestments				IlAII3 875}	(534,779)
Sale offixed asset investments					856335	766,396
SIetcash	{usedin)/ generated from Investing
activities					(351,7$6)	197,727
Change in cash and cash equivalents			in the
reporting	period				384812	g72,42JJ
Cash and	cash equivalents	at the beginning ofthe
reporting	period				411824	783.4d5
Cash and	cash equliailents	at the eed ofthe
reporting	period				E795,956	f42L024

					2021	2020
						E
	Net Income/(expenditure)	for the reporting		period {asper the statement
	afllnancla Iacthrities)					I'326,456)
	Adjustments for:
	Depreciation charges				58,761	70,074
	Flared asset impairment				194@88
	Net anreailsad (gains)/lasses onfind asset			investments	(246404)	44,83I
	Net realised (gains)/losses	an fised asset	Investanents		43/22	(I4,205)
	(Increase)/ decrease In cash held within		investmerats		92469	(M7,052/
	{increase)/decrease In stack				2530	399
	(Increase)/decrease In debtors				135,487	159,650
	Increase/{decrease) in creditors				(348+46)	(397,479)
	Net cash generabsd from/	(used In) aperattng		activities
					E736,698	f(570I3BJ
h.	COhlPOSmON OF CASH AND CASH EQUIVALENTS
					2021	2r720
					E	f
	Branch funds				32,146	33,046
	Cash et bank and In hand				763,790	377,97S
	Cash and cash equivalents				4795.936	f4IL024


	Vnrestrtcted	Unrestricted	Restrkted	2021	2020
	Funds - Cere	Fends-	Funds	Total	Toraf
		Exceptlanal
		legacy
Legacies	124/,16	650~		774.216	204,725
	f124,216	f650~		f114,216	f204,725
Taraf 2020	f204.725			E2&f,725

Costs of Raising Fun*	Costs of Raising Fun*
			UnrestrtcbR	Restricted	2021	2020
			Funds	Funds	Total	Total
					E
Postage Newsletter			1592 1,795	3~	1,592 5,237	5,277 l8,720
Fundraising expenses			23435	2,115	25,750	89,731
Opening stock			17/57		17,657	48,056
Cost ofmerchandise	sold		729		729	22,971
Closing stock			(15427)		(15,027)	(17,657)
ITcosts			5.579	3,329	$,908	6,427
Banking and platform charges Website costs Branch fundra isingits Investment management casts			11,785 12~ 2+28 ~3	6~2	11,785 12+M ~70 22~3	4,4l9 13,325 6l,463 19,542
Staff training					289	4,774
Waverley pcernl ses casts			14,174	11,766	25,940	34,170
Support costs
Apportioned staff	casts		298+18	25542	324560	295,945
Staff cmts covered	by government	grants	57491		57W1
			f455,168	f52/36	f507.604	f566,963
Toe(2020			E531,059	f35,904	8566,963

Otarltable Activities
				Unrestricted	Restrfcted	2021	202tI
				Funds E	Funds E	Total E	Toto(f
Research grrrnts
Total grants awarded (see nate 22)							15,691
Grants na longer required							(182,048)
Other grants
Total grants awarded (see note 22)				116870	1,000	117JI70	6'25830
Grants na longer required				(249%I)		P,ISO)	(15Z463)
Other. charitabfe actiwties
Family financia I support				68,967	25,694	94W1	118,449
Support groups and parent information				7,628	5.848	13376	38,175
Holidays for families				(1,209)		(1,209)	IM,027
Recruitment costs							36,121
Hosp Ital Equipment an d support				7,112		7,112	IS,143
Candletighters bus							29,335
Brendan cottage casts				3W6	4,146	SAXI2	13,136
Brendan cottage impa irm ent Depreciation af Brandon cottage and fittings				194/88 26@64		194/88 26~	29,637
G/obal Make Some Noise- Twin Vision					2,625	2~5	5,682
Animation
@TIreSqurrre
Running costs				12,740	10+58	22,998	53,789
Depreciation ol The Square				22430		22430	22.530
Wellbeing treatments	and support			31/86	24+IXI	56,186	157,615
Front line staff costs				145250	55,767	201,017	I91,974
~ Staff casts covered by	government		grants	36/30		36,830
5uppart costs
Depreciation				9367		9367	17,907
Candleligh ters car				126		I.26	7.829
ITcosts				5/79		8,908	6,427
Other support costs				10,074		10,074	17,620
Auditors' remuneration - payrall services				931	87$	1,809	1,992
Other staff costs- charity management			and	153,310	63,040	216,350	319,672
central
support ofcharitable activities
Staff costs covered by govemrnent		grants		49,144		49,144
Gavernance costs (note 7j				16,813	4,S93	21,706	20,749
					E5&36	El096344	fI,S&f.819
TOtoI 202fI				fI,694,729	f(129,910)	f2,504,819

					Unre~ed	ducted	2021	2020
					Funds	Funds f	Total f	Toto(f
Auditors'	remuneration				5,310	2,790	8,100	7,968
Legal and	p	rofessiona	I		4,230	2,103		4,42I
Apportioned		staff costs			6460		6+M	6,523
Meetings					413		4D	I,S37
					f16+15	f4+93	f21,706	$20,749
Toto(2020					f2',749		f20 749
Total Resources Expended
					Depreciation		2011	2020
				Costs			Total	Total
							f
Casts ofraising funds				382,251		125353	507504	566,963
Cha ritable	activities			503,341	58,761	512,536	1P74+38	I,484,070
(excluding	govern ance		)
Govern ance		costs					21,706	20,749
				f892~52	f58,761	f651,735	f1.603,948	f2,07I,782
Tote(2tf20				fBI4,II4	f70,074	fl,?87,594	f2,071,782


Staff Costs	202l
	E
Wages and salaries	788361	722,6M
Social security costs	67,618	63,393
Pension costs	36,473	29.322
	RR92,4$2	ff)24,114

The average n	umber ofpai	d	employees (including part-time) was:
				202i	2020
				Number	Number
Administration,	management,		fundraising	3i
and charitable	expenditure	support

		Unrestricted	Restricted	ZQ0
		Funds	Funds	Total
			E
INCOME AND ENDOWMENTS	FROM
Donations and legacies:
Donations and yants Branch fundraising events		1,179,577 76,105	81,720 8486	li61,297 157,911
Legacies		204,725		204,725
Trading activities —sale ofgoods		12,719		12,7i9
Investment inmme		139,161	239	139800
Total Income and Endowments		l,612/87	163,765	1,776~2
Expenditure on
Raising funds		531P59	33,904	566,963
Charitabie activities		1,634,729	(129,910)	1,504/19
Total Eapenditure		2,163,788	(94+06)	VP1,782
NET INCOME/ (EXPENDITtIRE)
FOR THE YEAR BEFORE TRANSFEitS		{55%,501)	257,771	(295,730)
Transfers to restricted research		21549	(21~9)
NET INCOMEI (EXPENDITURE) FOR THE YEAR AFTER TRANSFEIIS		{532,152)	236~	{295,730)
Net Gains aed Losses
Gainsj{losses)on fixed asset investments Reaiised Balances		14,105		14,105
Linrea iised		(4443i)		(44381)
NET MOVEMEM IN FUttDS		)~78)	236,422	(326,456)
Recoacigatlon offunds
brought forward at 1March 2019		3/72,764	434505	3,707+69
BALANCES CARRIED FORWARD
AT26 February 2020		E2,709+86	E670,927	E3580$13

Oebtors
			Group		Charity
			1021	2020	2011	2020
			E	E
Amounts	falling	due within one year:
Accrued legacy income			50~	278.696	50PDO	178,696
prepayments		and other accrued income	19417	26,608	19817	26,6%
			f69JI17	F205,304	f69417	f205,3I74
Current	Asset Investments
			Group		Charity
			2021	2020f	2021 f	2020 f
Listed	Investments		560+20	294,64i	5&0+20	294,6rfl
			f5603)20	EZ94,641	5560Ak2O	f294,64l

14	Liabilities: Amounts	Fulling	Due Within One Year
				Group		Charily
				2021	2020	2921
				f	E	f
	Creditors in the ordinary		course ol activities	16,912	36,258	16,912	36,258
	Amount owed to subsidiary Accruais			15,4N	17,42I	26+07 15~	26,807 I7,422
	Socialsecurity			15JB9	17,958	15,389	I7,998
	Other creditors			lr447	5,163	4,447	5,163
					76,849	79,015	103,647
	Grant awards			626+46	669,0tt7	626,446	669,087
				f678,654	f745,927	f705r461	E'772,734
15	liabilities: Amounts	Falling	Due Alter More Thun One Year
				Group		Charity
				2421	2020	2021	2020
				E	E	E	f
	Grant awards			f600,974	f882,447	fSC0~4	f882,447
16	Reconcillu5on ofGrants Awarded
	Group and Charity
						2021	2020
	Provisions					f	E
	Opening liability	obiigation				1451,534	2,9X,630
	Grants awarded	in the year (note 22)				117,870	631.5ZI
	na longer required					(2~90)	(334.5II)
	Paid dudng the year					(417494)	(246,206)
	Closing 9&bitity obligation					f~7/20	f1,552,534

		RestrIcted	General	Total
		Funds	Funds	Funds
		E		g
Tangible fixed assets			597@79	597379
Fixed asset investmen	ts		9,426269	5)Q6~69
Other current assets		745,609	695,197
Liabilities			j1379,628)	(1379,526)
Net assets at28 February 2021		E745WS	E3,459311	E4,1$4,914

21 Motrements In Funds	21 Motrements In Funds
			At 1	tneemlne	Rewums	Resttttt kin	other	Other	At29Febntny
			tatelell	tieeaurees	Expended	Fits Riled	Transfers	Gains alosses	2611
			2030
W~~
Free Charitable Reserve					Iusa.Jzs)				1+4erssl
Fined easeet reserve Inote	Mi				i?53,149)	1,164	+961		997,979
ttaalenatad Funda Oleltal aatslernted Fttod5.9~~									150366 376,941
ttestiasated Fktnth-Kbettketd									65JÃo
ctndtasand Fitnds-Cotsaee							(td,eea]		lajÃo
taeslenend Funtts-Reaearth	trot								seestata
.IS19tlsted F rants
Iteseerch Farrd			6!2,167	7594	)6343)
Children in Neett. Wishes		and		3512	I3591)
Meanaries
Children In Need- Twin Vkslan			~,sic	10366	I53?sl				11593
Maveatent lor Good			44r449		I1569)
Global Make Same Noise					I sir Jes)
The Kentawn %fizard Fauridalian					Ilsrodo)
The Julia and Hens Aaustne	Trust				)113,799)				99,72t
The Susie P Fauadahae				11reaa	(11.466)
iaatianal Lottery Cammunlty	Fund				(97543)
Other					(46,796)	(lar499)			29,744
Total			E936050	B,B9397	EI1.693.946)	E		Saai4693	54rlJter914

Grants Awarded		2021	2020
		E
~Resaa Nfl Bl~
pilot Study for Reduced Antibiotics			M,436
Funding opi7or study ro whether	a new blood rest can shorten duration
oftreatment meoninp oshorter	time in irospi taland orr ant(biorics
Exploration toincrease physical	scthdty on the ward
			j5,692
(kCBKiilJLG&355
Dinner lady —3year period			72,930
Outreach pfay speclagsts -3 year period			205.565
Eckersley House
%ard playteam aad dlnlc play workers -3 year period			225,000
Social Workers -6 mantis extension		78436
-1year period			85.000
Paedlatrlc Radiographer -1year period
Speech and language Specialist	—3year period		15,$63
Small miscelfeneaus grants - 1year period			IL722
Other
		117870	625,830
Total		f117+70	E632,522

						2021	2020
						Total	Total
Operating	leases	which	expire	in.		E
					Less than 1years	1OAXI7	36,546
					1to 5years	88,510	IKI,73'
					More Chan 5years