Charity number: 1048993
THE MIKE GOOLEY TRAILFINDERS CHARITY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
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Page |
| Reference and administrative |
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details ofthe Charity, its Trustees and advisers |
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| Trustees' report |
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2-5 |
Independent
auditors' |
report |
on the financial statements |
6-6 |
| Statement offinancial |
activities |
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| Balance sheet |
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10 |
| Statement ofcash flows |
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| Notes to the financial |
statements |
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12-23 |
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Unrestricted |
Total |
Total |
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funds |
funds |
funds |
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Note |
2021
6 |
2021f |
2020 |
| Income from: |
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Donations
and |
legacies |
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3 |
6,000,000 |
6,000,000 |
500,000 |
| Interest receivable |
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and rental income |
|
175,226 |
175,226 |
137,071 |
| Total income |
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6,175,226 |
6,175,226 |
537,071 |
Expenditure
on: |
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Donations
and |
sponsorship |
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3,572,365 |
3,572,365 |
1,758,480 |
| Administration |
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|
14,627 |
14,627 |
28,080 |
| Depreciation |
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|
425,652 |
425,652 |
404,087 |
| Total expenditure |
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4,012,644 |
4,012,644 |
2,190,547 |
| Net movement |
in funds |
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2,162,582 |
2,162,582 |
(1,553,575) |
| Reconciliation |
offunds: |
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| Total funds brought |
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forward |
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21,954,656 |
21,954,658 |
23,508,232 |
| Net movement |
in funds |
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2,162,582 |
2,162,582 |
(1,553,575) |
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24,117,238 |
24,117,238 |
21,954,555 |
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Unrestricted |
Total |
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funds |
funds |
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2021 |
2021 |
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E |
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| Donations |
6,000,000 |
8,000,000 |
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Unrestricted |
Total |
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funds |
funds |
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2020f |
2020f |
| Donations |
500,000 |
500,000 |
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Unrestricted |
Total |
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|
funds |
funds |
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2021 |
2021 |
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8 |
8 |
| Rental |
income |
174,767 |
174,787 |
| Interest |
receivable |
459 |
459 |
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|
175,226 |
175,228 |
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Unrestricted |
Total |
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|
funds |
funds |
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2020 |
2020 |
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5 |
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| Rental |
income |
118,300 |
118,300 |
| Interest |
receivable |
18,771 |
18,771 |
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|
137,071 |
137,071 |
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2021 |
2020 |
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6 |
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| Fees payable to the Charity's |
auditor for the audit ofthe Charity's |
annual |
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| accounts |
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4,400 |
4,000 |
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Freehold |
Fixtures and |
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property |
fittings |
Total |
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6 |
E |
6 |
| Cost or valuation |
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| At1 July2020 |
18,213,565 |
494,654 |
18,708,219 |
| Additions |
3,223,256 |
93,909 |
3,317,165 |
| At 30June 2021 |
21,436,821 |
588,563 |
22,025,384 |
| Depreciation |
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| At 1 July 2020 |
3,932,368 |
247,160 |
4,179,528 |
| Charge for the year |
371,466 |
54,186 |
425,652 |
| At 30June 2021 |
4,303,834 |
301,346 |
4,605,180 |
| Net book value |
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| At 30June 2021 |
17,132,987 |
287,217 |
17,420,204 |
| At30June 2020 |
14,281,197 |
247,494 |
14,528,591 |
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Freehold |
|
investment |
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propertyf |
| Valuation |
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| At 1 July 2020 |
6,702,320 |
| At 30June 2021 |
6,702,320 |
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2021f |
2020f |
| Due within one year |
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| Other debtors |
|
258,785 |
f20,909 |
| Prepayments |
and accrued income |
167,360 |
259,902 |
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426,145 |
380,8f1 |
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2021f |
2020f |
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Accruals |
and deferred |
income |
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965,207 |
f65,65f |
| 13. |
Financial |
instruments |
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2021f |
2020 |
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Financial |
assets |
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Financial |
assets measured |
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at fair value through |
income and expenditure |
533,776 |
508,485 |
| 14. |
Statement offunds (continued) |
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Statement offunds - prior year |
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Balance at |
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Balance at |
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30June |
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1 Ju/y 2019 |
income |
Expenditure |
2020 |
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Unrestricted
funds |
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|
|
|
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General Funds - all funds |
23,508,232 |
637,071 |
(2,190,647) |
21,954,656 |
| 15. |
Analysis |
ofnet assets between funds |
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Analysis |
ofnet assets between funds - current year |
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Unrestricted |
Total |
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funds |
funds |
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2021 |
2021 |
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E |
6 |
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Tangible fixed assets |
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17,420,204 |
17,420,204 |
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Investment |
property |
6,702,320 |
6,702,320 |
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Current assets |
|
959,921 |
959,921 |
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Creditors |
due within one year |
(965,207) |
(965,207) |
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Total |
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24,117,238 |
24,117,238 |
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Analysis |
of net assets between funds - prior year |
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Unrestricted |
Total |
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funds |
funds |
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2020 |
2020 |
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8 |
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Tangible fixed assets |
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14,528,691 |
14,528,691 |
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Investment |
property |
6,702,320 |
6,702,320 |
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Current assets |
|
889,296 |
889,296 |
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Creditors due within one year |
|
(165,651) |
(165,651) |
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Ttl |
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21,954,656 |
21,954,656 |
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NOTES |
NOTES |
TO THE |
TO THE |
FINANCIAL STATEMENTS |
FINANCIAL STATEMENTS |
FINANCIAL STATEMENTS |
FINANCIAL STATEMENTS |
FINANCIAL STATEMENTS |
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FOR |
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THE |
YEAR |
|
ENDED 30JUNE 2021 |
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| 16. |
Reconciliation
ofnet movement |
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in funds |
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to |
net |
cash flow |
from operating |
|
activities |
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2021f |
2020f |
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Nei
income/expenditure |
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for |
the |
year |
(as |
|
per |
Statement |
of |
Financial |
|
|
|
Activities) |
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|
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2,162,582 |
(1,553,576) |
|
Adjustments |
for: |
|
|
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|
|
|
|
|
|
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Depreciation |
charges |
|
|
|
|
|
|
|
|
|
|
|
425,652 |
404,087 |
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Decrease/(increase) |
|
|
in debtors |
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|
(45,334) |
496,800 |
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Increase
in creditors |
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|
799,556 |
127,242 |
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Net cash provided |
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by/(used |
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in) operating |
|
|
activities |
|
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|
3,342,456 |
(525,447) |
| 17. |
Analysis of |
cash and cash equivalents |
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2021f |
2020 |
|
Cash in hand |
|
|
|
|
|
|
|
|
|
|
|
|
533,776 |
508,485 |
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Total cash and cash |
|
|
equivalents |
|
|
|
|
|
|
|
|
|
533,776 |
508,485 |
| 18. |
Analysis of |
changes |
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in |
net debt |
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At 1 July |
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At 30June |
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f
2020 |
Cash flowsf |
2021 |
|
Cash at bank |
and in hand |
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|
508,485 |
25,291 |
533,776 |