| 31.3.22 | 31.3.21 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| fund | fund | fund | funds | funds | |||
| Notes | 8 | ||||||
| INCOME AND | |||||||
| ENDOWMENTS FROM | |||||||
| Donations and legacies |
181,759 | 25,605 | 207,364 | 105,935 | |||
| Charitable activities |
|||||||
| charitable | 19,056 | 19,056 | 5,592 | ||||
| Other trading activities | 21,536 | 21,536 | 16,348 | ||||
| Investment income |
5,606 | 5606 | 11733 | ||||
| Total | 222,351 | 25,605 | 5,606 | 253,562 | 136,608 | ||
| EXPENDITURE ON | |||||||
| Raising funds | 22,561 | 468 | 23,029 | 13,603 | |||
| Charitable activities |
|||||||
| charitable | 386,866 | 7,750 | 11,110 | 405,726 | 368,885 | ||
| Total | 409,427 | 7,750 | 11,578 | 428,755 | 382,488 | ||
| Net gains on investments | 316,741 | 7)139 | 3239880 | 735,072 | |||
| NET INCOME | 129,665 | 179855 | 1,167 | 148)687 | 489,192 | ||
| RECONCILIATION | OF | ||||||
| FUNDS | |||||||
| Total funds brought | forward | 2,459,575 | 5,573 | 312,987 | 2,778,135 | 2,288,943 | |
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 2589240 | 234211 | 314,104 | 2,936.022 | 2 778 135 |
| 31.3.22 | 31.3.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| Notes | fund | fund | fund | funds | fundsI | |
| FIXEDASSETS | ||||||
| Tangible assets | 9 | 424,263 | 424,263 | 432,753 | ||
| Investments | 10 | 2,547,915 | 60,891 | 2,608,806 | 2,525 266 | |
| 25547,915 | 485,154 | 3,033,069 | 2,958,019 | |||
| CURRENT ASSETS | ||||||
| Stocks | 11 | 57345 | 5,345 | 5,741 | ||
| Debtors | 12 | 181886 | 1$,8$6 | 73,024 | ||
| Cash at bank | 26725 | 23,428 | 50,157 | 64,432 | ||
| 50,960 | 23,428 | 747388 | 143,197 | |||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 13 | (9,635) | (9,635) | (5,0$1) | ||
| NKT CURRENT ASSETS | 41,325 | 23 428 | 64,753 | 138,116 | ||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 2,589,240 | 23,428 | 485,154 | 3,097,$22 | 3,096,135 | |
| PENSION LIABILITY | 16 | (171,000) | (171,000) | (31$,000) | ||
| NET ASSETS | 2.585,248 | 23,428 | 314,154 | 2526822 | 2.778 135 | |
| FUNDS | 15 | |||||
| Unrestricted funds |
2,589,240 | 2,459,575 | ||||
| Restricted funds | 23,428 | 5,573 | ||||
| Endowment funds |
314,154 | 312,987 | ||||
| TOTAL FUNDS | 2526822 | 2,778135 |
| Investments | ||||||||
|---|---|---|---|---|---|---|---|---|
| Investments | are stated at the market value at the balance sheet | date. The statement | offinancial | activities | includes | |||
| the net gains | and losses arising | on revaluations | and disposals | during the year. | ||||
| OTHER TRADING ACTIVITIES | ||||||||
| 31.3.22 | 31.3.21 | |||||||
| 0 | ||||||||
| Fundraising | events - branches | 21,536 | 16,348 | |||||
| 3. | INVESTMENT INCOME | |||||||
| 31.3.22 | 31.3.21 | |||||||
| Other Fixed | Asset Investment | Income | 5)606 | 8,730 | ||||
| Deposit account interest | 3 | |||||||
| ~5606 | 8,733 |
| 4. | RAISING FUNDS | RAISING FUNDS | RAISING FUNDS | |||
|---|---|---|---|---|---|---|
| Investment | management | costs | ||||
| 31.3.22 | 31.3.21 | |||||
| Portfolio management | 468 | 1,176 | ||||
| 5. | SUPPORT | COSTS | ||||
| 31.3.22 | 31.3.21 | |||||
| Staffcost | 71,916 | 70,256 | ||||
| Office equipment | cost | 5,026 | 5,659 | |||
| Insurance | 4,378 | 4,361 | ||||
| Light and heat | 5,742 | 4,424 | ||||
| Telephone | 2,428 | 2,000 | ||||
| Postage and | stationery | 4,158 | 3,460 | |||
| Sundries | 792 | 1,186 | ||||
| Computer expenses |
5,419 | 13,776 | ||||
| Premises expenses | 4,614 | 4,682 | ||||
| Subscriptions | 633 | 856 | ||||
| Cleaning | 4,655 | 3,664 | ||||
| Depreciation | 11,110 | 11,658 | ||||
| Trustees expenses | 45 | 113 | ||||
| Accountancy | fees | 4,920 | 4,740 | |||
| Legal fees | 2,855 | 2,818 | ||||
| ~128 691 | 133,653 |
| 31.3.22 | 31.3.21 | |||
|---|---|---|---|---|
| Depreciation - |
owned assets | 11,110 | 11,658 | |
| Other operating | leases | 5,026 | 5,659 | |
| Amounts payable to independent |
examiner | 4,920 | ~4740 |
| There were no truste 31 March 2021. |
There were no truste 31 March 2021. |
es' remuneration or ot |
her benefits for the year ended 31M | arch 2022 nor for t | he year end | |
|---|---|---|---|---|---|---|
| Trustees' expenses |
||||||
| 31.3.22 | 31.3.21 | |||||
| Trustees' expenses | 45 | 113 | ||||
| 8. | STAFFCOSTS | |||||
| 31.3.22 | 31.3.21 | |||||
| Wages and salaries | 253,740 | 244,809 | ||||
| Social security | 20,602 | 19,164 | ||||
| Pension contributions | 17,116 | 18,060 | ||||
| 291,458 | 282 033 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 31.3.22 | 31.3.21 | |||||
| Service delivery | and | outreach | 8 | 8 | ||
| Administration | 4 | 4 | ||||
| 12 | 12 |
| Fixtures | |||||
|---|---|---|---|---|---|
| Freehold | and | Computer | |||
| property | fittings | equipment | Totals | ||
| I, | |||||
| COST | |||||
| At I April 2021 Additions |
581,083 | 30)895 | 53,205 2,620 |
665,183 ~2620 |
|
| At | 31March 2022 | 581,083 | 30,895 | 55,$25 | 667,803 |
| DEPRECIATION | |||||
| At | 1 April 2021 | 148,330 | 30,895 | 53,205 | 232,430 |
| Charge for year | 10,455 | 655 | 11,110 | ||
| At | 31March 2022 | 15$,785 | 30,895 | 53,$60 | 243)540 |
| NET BOOK VALUE | |||||
| At | 31 March 2022 | 422,298 | 1,965 | 424,263 | |
| At | 31March 2021 | 432,753 | 432,753 |
| 31.3.22 | 31.3.21 | |||
|---|---|---|---|---|
| 8 | ||||
| Shares | 2,599,857 | 2,520,765 | ||
| Cash investments | 8,949 | 4 501 | ||
| 2,608,$06 | 2,525,266 | |||
| Additional | information | as follows: | ||
| Listed | ||||
| investments | ||||
| MARKET | VALUE | |||
| At I April | 2021 | 2,520,765 | ||
| Additions | 572 | |||
| Disposals | (82)420) | |||
| Revaluations | 160940 | |||
| At 31 March 2022 | 2,599,857 | |||
| NET BOOK VALUE | ||||
| At 31March 2022 | 1.599,057 | |||
| At 31 March 2021 | 2,520 765 |
| Investments | (neither | listed nor unlisted) | were as follows: | |||
|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||||
| Cash account | 8,949 | 4,501 | ||||
| 11. | STOCKS | |||||
| 31.3.22 | 31.3.21 | |||||
| I | ||||||
| Stocks | 5,345 | 5,741 | ||||
| 12. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | |||||
| 31.3.22 | 31.3.21 | |||||
| Other debtors | 1,150 | 149 | ||||
| Prepayments | and accrued income | 17,736 | 72,875 | |||
| 18,886 | 73,024 | |||||
| 13. | CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR | |||||
| 31.3.22 | 31.3.21 | |||||
| Trade creditors | 4,271 | 341 | ||||
| Accruals and | deferred | income | 5,364 | 4,740 | ||
| 9,635 | ~5081 | |||||
| 14. | LEASING AGREEMKNTS |
| 31.3.22 | 31.3.21 | |
|---|---|---|
| f, | ||
| Within one year | 538 | 4,687 |
| Between one and five years | 2,150 | |
| In more than five years | 403 | |
| ~3091 | 4,687 |
| MOVEMEN | T IN FUNDS | ||||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.4.21 | in funds | 31.3.22 | |||
| Unrestricted | funds | ||||
| General fund |
2,459,575 | 129,665 | 2,589,240 | ||
| Restricted funds |
|||||
| Restricted funds | 5,573 | 17,855 | 23,428 | ||
| Endowment | funds | ||||
| Expendable | 312,987 | 1,167 | 314,154 | ||
| TOTALFUNDS | X'I'I8 l35 | lt 8681 | 2 92S822 | ||
| Net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| 5 | |||||
| Unrestricted | funds | ||||
| General fund | 222,351 | (409,427) | 316,741 | 129,665 | |
| Restricted funds |
|||||
| Restricted funds | 25,605 | (7,750) | 17,855 | ||
| Endowment | funds | ||||
| Expendable | 5,606 | (11,578) | 7,139 | 1,167 | |
| TOTAL FUNDS | 253,562 | ~428755) | 323,880 | ~148687 |
| Net | ||||||
|---|---|---|---|---|---|---|
| movement | At | |||||
| At 1.4.20 | in funds | 31.3.21 | ||||
| f | ||||||
| Unrestricted | funds | |||||
| General fund | 1,969,863 | 489,712 | 2,459,575 | |||
| Restricted funds | ||||||
| Restricted funds | 12,388 | (6,815) | 5,573 | |||
| Endowment | funds | |||||
| Expendable | 306,692 | 6,295 | 312,987 | |||
| TOTAL FUNDS | 2288943 | 489792 | 2778733 | |||
| Comparative | net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 127,878 | (362,839) | 724,673 | 489,712 | ||
| Restricted funds | ||||||
| Restricted funds |
(6,815) | (6,815) | ||||
| Endowment | funds | |||||
| Expendable | 8,730 | (12,834) | 10,399 | 6,295 | ||
| TOTAL FUNDS | 136,608 | ~382,488) | 735,072 | ~489 192 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.4.20 | in funds | 31.3.22 | |||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 1,969,863 | 619,377 | 2,589,240 | ||
| Restricted | funds | ||||
| Restricted | funds | 12,388 | 11,040 | 23,428 | |
| Endowment | funds | ||||
| Expendable | 306,692 | 7,462 | 314,154 | ||
| TOTAL FUNDS | 2 288 943 | 637 879 | 2,926,822 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| 6 | |||||
| Unrestricted | funds | ||||
| General fund |
350,229 | (772,266) | 1,041,414 | 619,377 | |
| Restricted funds |
|||||
| Restricted funds | 25,605 | (14,565) | 11,040 | ||
| Endowment | funds | ||||
| Expendable | 14,336 | (24,412) | 17,538 | 7,462 | |
| TOTAL FUNDS | 390,170 | ~811,243) | 1~058952 | 637,879 |
| Defined | benefit | |||||
|---|---|---|---|---|---|---|
| pension | plans | |||||
| 31.3.22 | 31.3.21 | |||||
| 5 | ||||||
| Present | value offunded | obligations | (1,758,000) | (1,868,000) | ||
| Fair value ofplan assets | 1 507 DOD | 1,55DDOD | ||||
| (171,000) | (318,000) | |||||
| Present | value ofunfunded | obligations | ||||
| Deficit | ~171000 | ~315.000 | ||||
| Net liability | ~I71 DIID | ~318,00D | ||||
| The amounts | recognised | in the Statement ofFinancial Activities are as follows: | ||||
| Defined | benefit | |||||
| pension | plans | |||||
| 31.3.22 | 31.3.21 | |||||
| Current | service cost | 9,000 | 8,000 | |||
| Net interest from net defined benefit | ||||||
| asset/liability | 38,000 | 39,000 | ||||
| Past service cost | ||||||
| ~47 000 | ~47 000 | |||||
| Actuarial | (gain)/loss | (158,000) | ~136,000 |
| Defined | benefit | |||
|---|---|---|---|---|
| pension | plans | |||
| 31.3.22 | 31.3.2 1 | |||
| Opening | defined benefit obligation | 1,868,000 | 1,745,000 | |
| Current | service cost | 9,000 | 8,000 | |
| Contributions | by employer | 1,000 | 1,000 | |
| Interest | cost | 38,000 | 39,000 | |
| Actuarial Benetits |
losses/(gains) paid |
(81,000) ~77 DDD |
153,000 ~78,000) |
|
| 8 700 DDD | 1 088,DDD |
| Changes | in the | fair value ofs | cheme assets are as follows: | |||
|---|---|---|---|---|---|---|
| Delined | benelit | |||||
| pension | plans | |||||
| 31.3.22 | 31.3.21 | |||||
| f | f | |||||
| Opening | fair value ofscheme | assets | 1,550,000 | 1,304,000 | ||
| Interest | income | on assets | 32,000 | 29,000 | ||
| Remeasurement | gains/losses | on | ||||
| assets | 77,000 | 289,000 | ||||
| Contributions | by employer | 4,000 | 5,000 | |||
| Contributions Benefits paid |
by scheme participants | 1,000 ~77 000 |
1,000 778.000) |
|||
| 1587DDD | 177DDDD |
| The major categories ofscheme assets as apercenta | ge oftotal scheme assets are as follows: | |
|---|---|---|
| Defined | benefit | |
| pension | plans | |
| 31.3.22 | 31.3.21 | |
| Equities | 55.70% | 57.00% |
| Bonds | 18.00% | 17.30% |
| Multi Asset Credit | 9.20% | |
| Property | 6.90% | 6.10% |
| Cash | 0.90% | 1.40% |
| Other | 9.30% | 18.20% |
| 100.00% | 16. |
| Principal actuarial assumption |
s at the Balance Sheet date (e |
xpressed as weighted averages): |
|
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| Discount rate | 2.80% | 2.10% | |
| Future salary increases Future pension increases CPI inflation rate |
4.10% 3.10% 3.10% |
3.70% 2.70% 2.70% |
|
| Pension accounts revaluation | rate | 3.10% | 2.70% |
| 31.3.22 | 31.3.21 | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 6,136 | 7,604 | ||
| Gilt aid | 25 | |||
| Legacies | 163,862 | 78,832 | ||
| Grants | 30,499 | 10,886 | ||
| Trust fund income | 6)842 | 8,613 | ||
| 207)364 | 105,935 | |||
| Other trading activities | ||||
| Fundraising events - branches |
21,536 | 16,348 | ||
| Investment income |
||||
| Other Fixed Asset Investment | Income | 5,606 | 8,730 | |
| Deposit account interest | 3 | |||
| 5)606 | 8,733 | |||
| Charitable activities |
||||
| Resource centre | 12)247 | 2,797 | ||
| Outreach income and shows |
6,809 | 2,498 | ||
| Service contracts | 297 | |||
| 19,056 | 5,592 | |||
| Total incoming resources |
253)562 | ]36,608 | ||
| EXPENDITURE | ||||
| Raising donations and legacies |
||||
| Direct fundraising costs |
16,237 | 11,404 | ||
| Other activities | 6,324 | 1,023 | ||
| 22,561 | 12,427 | |||
| Investment management |
costs | |||
| Portfolio management | 468 | 1,176 | ||
| Charitable activities |
||||
| Wages | 210,798 | 203,316 | ||
| Resource centre | 8,350 | 1,344 | ||
| Second sight magazine | 5,030 | 5,699 | ||
| Carried forward | 224,178 | 2]0,359 |
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Charitable activities |
|||
| Brought forward | 224,178 | 210,359 | |
| Conferences | 799 | ||
| Branch expenditure | 13,830 | 6,426 | |
| Other charitable activities |
~38 228 | 18,447 | |
| 277,035 | 235,232 | ||
| Support costs | |||
| Management | |||
| Wages | 71,916 | 70,256 | |
| Office equipment costs |
5,026 | 5,659 | |
| Insurance | 4,378 | 4,361 | |
| Light and heat | 5,742 | 4,424 | |
| Telephone | 2,428 | 2,000 | |
| Postage and stationery | 4,158 | 3,460 | |
| Sundries | 792 | 1,186 | |
| Computer expenses |
5,419 | 13,776 | |
| Premises expenses | 49614 | 4,682 | |
| Subscriptions | 633 | 856 | |
| Cleaning | 4,655 | 3,664 | |
| Freehold property | 10,455 | 10,455 | |
| Computer equipment |
655 | 1,203 | |
| 120,871 | 125,982 | ||
| Governance costs |
|||
| Trustees' expenses | 45 | 113 | |
| Accountancy fees |
4,920 | 4,740 | |
| Legal fees | 2,855 | 2,818 | |
| ~7820 | 7,671 | ||
| Total resources expended | 4289755 | 382,488 | |
| Net expenditure before gains and losses |
(175,193) | (245,880) | |
| Realised recognised | gains and losses | ||
| Realised gains/(losses) | on fixed asset investments | 165,880 | 599,072 |
| Realised gains/losses | on pensions | 158,000 | 136,000 |
| Net income | 148,687 | ~489 192 |