| ~ ~ | ||
|---|---|---|
| Total funds | 8,048 | |
| less restricted | funds | (2,462) |
| less committed | funds | (798) |
| Freely available | reserves | 4,788 |
| Fixed Asset Investments | 5,185 | 4,324 |
|---|---|---|
| Net Current Assets | 2,863 | 5,197 |
| Total Net Assets | 8,048 | 9,521 |
| Funds ofthe Charity | ||
| Endowment Funds |
||
| Restricted Funds |
2,462 | 4,710 |
| Unrestricted Funds |
5,586 | |
| Total Funds ofthe Charity | 8,048 | 9,521 |
| Mr | KSingh | CBE | Trust Chairman | (ExOfficio, non-voting member) |
(ExOfficio, non-voting member) |
(ExOfficio, non-voting member) |
|---|---|---|---|---|---|---|
| Col | (Ret'd) | I Crowe | Non-Executive | Director | ||
| Ms | C Fox | Chief Nurse | ||||
| Mr | AJohnson | Non-Executive | Director | |||
| Mr | BPatel | Non-Executive | Director | (CFC Non-Executive | Director | |
| Chair) | ||||||
| Mr | SLazarus | Interim Chief Financial | Officer (until 11December 2020 | |||
| when he was appointed | as Chief Financial | Officer) |
| External | Auditors | Cooper Parry Group Limited | Cooper Parry Group Limited |
|---|---|---|---|
| One Central Boulevard | |||
| Blythe Valley Business Park | |||
| Solihull | |||
| Birmingham | |||
| 890BBG | |||
| Solicitors | Eversheds | ||
| 1Royal Standard | Place | ||
| Nottingham | |||
| NG1 6FZ | |||
| Bankers | The Royal Bank | ofScotland | |
| StJohns House | |||
| East Street | |||
| Leicester | |||
| LE19NB |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds 20-21 | Funds 19-20 | ||||
| 6000 | 6000 | 6000 | 6000 | ||||
| Income from | |||||||
| Donations and legacies |
5.3 | 1,701 | 2,276 | 3,977 | 4,256 | ||
| Other trading activities |
5.2 | 248 | 255 | ||||
| investments | 83 | 63 | 108 | 139 | |||
| Total Income | 1,772 | 2,569 | |||||
| Expenditure on |
|||||||
| Raising funds | 466 | 177 | 643 | ||||
| Charitable activities |
6.2 | 1,035 | 5016 | 6,051 | 1,569 | ||
| Total expenditure | 1,501 | 5,193 | 6,694 | 2,211 | |||
| Gains/(losses) on investment |
assets | 8.1 | 504 | 376 | 880 | (427) | |
| Net income/(expenditure) | 775 | (2,248) | (1,473) | 2,041 | |||
| Gross transfers between |
funds | in year | 11.2 | ||||
| Net incoming/(outgoing) | resources | 775 | (2,248) | (1,473) | 2,041 | ||
| Reconciliation offunds |
|||||||
| Total funds bought forward | 4,511 | 4,710 | 9,521 | 7,480 | |||
| Total funds carried forward | 5586 | 2462 | 8048 | 9521 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds 20-21 | Funds 19-20 | ||||
| Note | 5000 | 5000 | 6000 | 5000 | |||
| Fixed assets | |||||||
| Investments | 2,906 | 2279 | I | 81'I | |||
| Total fixed assets | 2,906 | 2,279 | 5,185 | 4,324 | |||
| Current assets | |||||||
| Debtors | 96 | 182 | 1,404 | ||||
| Cash at bank and | in hand | 2932 | 1 292 | 4224 | 4,276 | ||
| Total cunant assets | 3,016 | 1,390 | 4,406 | 5,880 | |||
| Liabilities | |||||||
| Creditors: amounts | falling due within one year | 10 | 1,207 | 1 543 | 483 | ||
| Net current assets | 2,680 | 183 | 2,863 | 5,197 | |||
| Totalnetassets | 5586 | 2 82 |
I DIS | ||||
| Funds ofthe Charity | |||||||
| Restricted funds Unrestricted funds |
11.2 11.2 |
2,462 | 28482 5586 |
4,710 I811 |
|||
| Total funds ofthe | Charity | 5888 | 2462 | 8 DID |
| Table 1:Statement ofCash Flow | 20-21 Total Funds |
19-20Total Funds |
|||||
|---|---|---|---|---|---|---|---|
| 8000 | 8000 | ||||||
| Cash flows from operating activities: |
|||||||
| Net cash provided by operating activities Cash flows from investing activities: |
(179) | 2,297 | |||||
| Dividends, interest and rents from investments |
108 | 139 | |||||
| Net cash provided by investing activities |
108 | 139 | |||||
| Change in cash and cash equivalents in the Cash and cash equivalents at the beginning Cash and cash equivalents at the end ofthe |
reporting period ofthe reporling reporting period |
period | (52) 4,276 4,224 |
2,410 1,866 4,276 |
|||
| 20-21 Total | 19-20Total | ||||||
| Table 2:Reconcgiatlon of net income/(expenditure) |
to net cash flow from operating | activities | Funds | Funds | |||
| 2000 | 8000 | ||||||
| Net income/(expenditure) for the reporting Adlustments tor: |
period | (as per the statement | offinancial | activities) | (1,473) | 2,041 | |
| (Gams)/losses on investments |
(880) | 427 | |||||
| Dividends, interest and rents from investments (Increase)/decreese in debtors Increase/(decrease) in creditors Net cash provided by operating activities |
(108) 1,222 1,060 (179) |
(139) (216) 184 2,297 |
|||||
| Table 3:Analysis ofcash and cash equivalents | |||||||
| 8000 | 2000 | ||||||
| Cash in Hand | 4,224 | 4,276 | |||||
| Total cash and cash equivalents | 4,224 | 4,276 |
| 31 March | 31 March | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 8000 | 6000 | ||||||
| Income from | |||||||
| Donations and legacies |
1,701 | 2,826 | |||||
| Other trading activities |
8 | 44 | |||||
| Investments | 63 | 64 | |||||
| Total Income | 1,772 | 2,934 | |||||
| Expenditure on |
|||||||
| Raising funds | 466 | 440 | |||||
| Charitable activities |
1,035 | 1,050 | |||||
| Total expenditure | 1,501 | 1,490 | |||||
| Gains/(losses) on investment assets Net income/(expenditure) Gross transfers between funds in year |
504 775 |
(178) 1,266 ~25 |
|||||
| Net incoming/(outgoing) | resources | 775 | 1,241 | ||||
| Reconciliation offunds |
|||||||
| Total funds bought forward | 4,811 | 3,570 | |||||
| Total funds carried forward | 5,586 | 4,811 | |||||
| Unrestricted funds - Balance |
Sheet | ||||||
| 31 March | 31 March | ||||||
| 2021 | 2020 | ||||||
| f000 | 8000 | ||||||
| Fixed assets: | |||||||
| Investments | 2,906 | 1,773 | |||||
| Total fixed assets | 2,906 | 1,773 | |||||
| Current assets: | |||||||
| Debtors | 84 | 973 | |||||
| Cash at bank and in hand |
2,932 | 2,169 | |||||
| Total current assets | 3,016 | 3,142 | |||||
| Liabilities: | |||||||
| Creditors falling due within |
one | year | (336) | (104) | |||
| Net current assets | 2,880 | 3,038 | |||||
| Total net assets for unrestricted | funds | 5,586 | 4,811 | ||||
| Total Unrestricted funds |
5,586 | 4,811 |
| Restricted funds - State | m | en | t | ofFinancial Activity | ||
|---|---|---|---|---|---|---|
| 31 INarch | 31 March | |||||
| 2021 | 2020 | |||||
| 6000 | 6000 | |||||
| Income from | ||||||
| Donations and legacies |
2,276 | 1,430 | ||||
| Other trading activities |
248 | 240 | ||||
| Investments | 45 | 75 | ||||
| Total Income | 2,569 | 1,745 | ||||
| Expenditure on |
||||||
| Raising funds | 177 | 202 | ||||
| Charitable activities |
5,016 | 519 | ||||
| Total expenditure | 5,193 | 721 | ||||
| Gains/(losses) on investment |
assets | 376 | (249) | |||
| Net income/(expenditure) | (2,248) | 775 | ||||
| Gross transfers between |
funds | in year | 25 | |||
| Net incomingi(outgoing) Reconciliation offunds |
resources | (2,248) | 800 | |||
| Total funds bought forward | 4,710 | 3,910 | ||||
| Total funds carried forward | 2,462 | 4,710 | ||||
| Restricted funds - Balance | Sheet | |||||
| 31 March | 31 Nlarch | |||||
| 2021 | 2020 | |||||
| 6000 | FOOD | |||||
| Fixed assets: | ||||||
| Investments | 2,279 | 2,551 | ||||
| Total fixed assets | 2,279 | 2,551 | ||||
| Current assets: | ||||||
| Debtors | 98 | 431 | ||||
| Cash at bank and in hand | 1,292 | 2,107 | ||||
| Total current assets | 1,390 | 2,538 | ||||
| Liabilities: | ||||||
| Creditors falling due within |
one | year | (1,207) | (379) | ||
| Net current assets | 183 | 2,159 | ||||
| Total net assets for restricted | funds | 2,462 | 4,710 | |||
| Total restricted funds | 2,462 | 4,710 |
| Notes | to the Accounts | ||
|---|---|---|---|
| Note 5.3 - Donations and | Legacies | Income | Total |
| E'000k | g000k | ||
| Legacies | |||
| Specific legacy | 128 | ||
| Specific legacy | 92 | ||
| Specific legacy | 67 | ||
| Specific legacy | 50 | ||
| Specific legacy | 50 | ||
| Other legacies | 109 | ||
| 496 | |||
| Donations | |||
| Charitable Foundation |
250 | ||
| Donation from Community |
group | 250 | |
| Charitable Foundation |
181 | ||
| Charitable Foundation |
170 | ||
| Charitable Foundation |
162 | ||
| Charitable Foundation |
150 | ||
| Charitable Foundation |
112 | ||
| Charitable Foundation |
100 | ||
| Charitable Foundation |
100 | ||
| Private donation | 100 | ||
| Charitable Foundation |
70 | ||
| Charitable Foundation |
50 | ||
| Charitable Foundation |
50 | ||
| Other donations and fundraising |
1736 | ||
| 3,481 | |||
| Total Donations and Legacies |
3,977 |
| Note 6 | .1 - Expendit | ure on raising funds |
||||
|---|---|---|---|---|---|---|
| ores i'Ice | estncte | oa | 0 | |||
| Funds | funds | 2020-21 | 2019-20 | |||
| k'000 | 8'000 | 8'000 | F'000 | |||
| Fundraising team salanes |
368 | 45 | 413 | 387 | ||
| Charity | Shop costs | 20 | 20 | 29 | ||
| Lottery | prizes | 109 | 109 | 108 | ||
| Appeals | and events | expenditure | 1 | 10 | 11 | 52 |
| Printing, | stationeiy | &marketing | 31 | 4 | 35 | 4 |
| System | costs | 2 | 2 | 5 | ||
| Other miscellaneous | costs | 28 | 35 | 40 | ||
| Investment Manager's Fees |
16 | 18 | 17 | |||
| Total expenditure | on raising funds | 77 |
| include an app | ortion | ment ofs |
uppo | rt cost | s | s | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Grant Funded | Support | Total | Total | ||||||||||
| Activity | Costs | 2020.21 | 2019-20 | ||||||||||
| f'000 | f'000 | eooo | f'000 | ||||||||||
| Patient welfare | and | amenities | 419 | 10 | 429 | 677 | |||||||
| Staff welfare and amenities | 384 | 9 | 393 | 277 | |||||||||
| Research | 184 | 5 | 189 | 233 | |||||||||
| Capital contributions | 4,919 | 121 | 5,040 | 382 | |||||||||
| Total expenditure | on charitable | activities | 5,906 | 145 | 6051 | I 569 | |||||||
| Ag grants are made | to the Trust. The Trustee operates a Scheme of | Delegation | through | which all grant funded |
activity | is | |||||||
| managed by fund managers, |
responsible | for the day | to day disbursements | on their projects. This activity is undertaken | in | ||||||||
| accordance with the directions | set out by | the Trustee | in its Standing | Orders and | Standing | Finandal | Instructions | which | have | ||||
| been adopted | by the Charity. | ||||||||||||
| Unrsstncted | Restricted | Total | Tots I | ||||||||||
| Funds | funds | 2020-21 | 2619-20 | ||||||||||
| ROOOs | fooos | Rooo | Rooo | ||||||||||
| Patient welfare | 354 | 65 | 419 | 614 | |||||||||
| Staff welfare | 206 | 178 | 384 | 251 | |||||||||
| Research | 5 | 179 | 184 | 212 | |||||||||
| Capital | 341 | 4 578 | 4$19 | 347 | |||||||||
| Total giants | 906 | 5000 | 5906 | 1 424 |
| Note 6.3-Analysis ofstaff costs | Note 6.3-Analysis ofstaff costs | Note 6.3-Analysis ofstaff costs | Note 6.3-Analysis ofstaff costs | |||||
|---|---|---|---|---|---|---|---|---|
| The Charity does not employ any direct | staff but is recharged | with the costs ofstaff from the NHS trust. These staff provide | ||||||
| administration, accounting, |
fundraising | and management | support to the Charity and their costs are summarised | in the Table | ||||
| below. | ||||||||
| 2020-21 | 2019-20 | |||||||
| R'000 | R'000 | |||||||
| Fundraising &appeals team |
433 | 413 | ||||||
| Finance | accounting | &administration | 107 | 107 | ||||
| Total staff costs | 520 | |||||||
| This can | be further | analysed | as follower | 2020-21 | 2019-20 | |||
| f'000 | eooo | |||||||
| Satanas | 442 | 428 | ||||||
| Pensions | 58 | 55 | ||||||
| National | insurance | contributions | 40 | 37 | ||||
| Total staff costs | 520 |
| Note 7 - | Financial Instruments |
Financial Instruments |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| The Charity has financial assets and financial | liabilities | in the following categories: | |||||||
| 2021 | 2020 | ||||||||
| 8'000 | 8'000 | ||||||||
| Financial | Assets | ||||||||
| Financial | assets measured | at fair value through | income | and expenditure: | |||||
| Cash at Bank and | in | hand | 4,224 | 4,276 | |||||
| Debt instruments measured |
at | amortised | cost: | ||||||
| Trade debtors | 56 | 147 | |||||||
| Other debtors | 12 | 60 | |||||||
| Total | 88 | 207 | |||||||
| Financial | Liabilities | ||||||||
| Financial | Liabilities measured | at amortised cost: | |||||||
| Trade payables | 1,251 | 454 | |||||||
| Other creditors | 292 | 29 | |||||||
| Total | 1,543 | 483 | |||||||
| Note 8 - | Fixed asset investments |
| 2020-21 | 2019-20 | ||||||
|---|---|---|---|---|---|---|---|
| 8'000 | 8'000 | ||||||
| Market value at 1 April 2020 | 4,324 | 4,725 | |||||
| Add: | additions to investment atcost |
326 | 4,886 | ||||
| Less: Add: Add: |
disposals at carrying value realised gain on disposal Unrealised gain (loss) on revaluation |
(345) 26 854 |
(4,860) 76 ~503 |
||||
| Market value as at 31 March 2021 '7 I I II 5 d II d 0 I |
I | 2020 21 5880k | (2018205427k | I | 5185 | 4,324 |
| Notes to the | Accounts | |||||
|---|---|---|---|---|---|---|
| Note 8.2 - Analysis of investment | portfolio | |||||
| Held | Held | |||||
| in UK | outside UK |
Total | Total | |||
| E'000 | 5'000 | 8'000 | 8'000 | |||
| Investments listed in unit trusts |
1,980 | 3,105 | 5,085 | 4,274 | ||
| Cash held as part ofinvestment | portfolio | 100 | 100 | 50 | ||
| Market Value as at 31 March | 2020 | 2,080 | 3,105 | 5,185 | 4,324 | |
| Note 8.3 - Analysis ofgross | income from investments | |||||
| Unrestricted | Restricted | 2020-21 | 2019-20 | |||
| Funds | Funds | Total | Total | |||
| t'000 | 6'000 | 8'000 | 8'000 | |||
| Income from investment manager's |
portfolio | 61 | 44 | 105 | 130 | |
| Other investments | 2 | 1 | 3 | 9 | ||
| Total investment income |
63 | 45 | 108 | 139 |
| Notes to the A | ccounts | |||||
|---|---|---|---|---|---|---|
| Note 8.4 - Investments | ||||||
| o%%dof | ||||||
| Value as at | Value as at | portfolio as | ||||
| 31st March | 31stMarch | at 31st | ||||
| 2021 | 2021 | March | 2021 | |||
| f | 000 | B000 | '/4 | |||
| Equities | ||||||
| UKequities | ||||||
| BPOrd USD0.25 | 48 | 0.9'/o | ||||
| Royal Dutch Shell 'B'Ord Euro.07 | 49 | 0 94/o | ||||
| Croda Intl Ord GBP0.10609756 |
89 | 1.7'lo | ||||
| Rio Tinto Ord GBP010 | 89 | 1 74/o | ||||
| Howdens Joinery GR Ord GBP0.10 |
89 | 1 74/o | ||||
| Unilever Pic Ord GBP0.031111 | 72 | 1.4% | ||||
| Glaxosmithkline Ord GBP0.25 |
66 | 1.3'/o | ||||
| Relx PLC GBP0.1444 | 83 | 1.6'/4 | ||||
| Compass Group Ord GBP0.1105 | 50 | 1 0'/ | ||||
| Intercontinental Hotels Ord GBP0208521303 |
68 | 1.3% | ||||
| National Grid Ord GBP0.12431289 |
69 | 1.3'/o | ||||
| Lloyds Banking Gp Ord GBP0.10 | 53 | 1 0'/0 | ||||
| Admiral Group Ord GBP0.001 |
99 | 1.9'/o | ||||
| Hiscox Ord GBP0.065(Dl) | 36 | 0.7'/o | ||||
| Legal 8General GP Ord GBP0.025 | 76 | 1 54/o | ||||
| international equities |
||||||
| Bailie Gifford American B Nav Acc |
292 | 5.64/4 | ||||
| JPMorgan Funds Lrt US Equity Inc |
289 | 5 6'/o | ||||
| Vanguard Inv UK LT US Equity IDX |
607 | 11 74/o | ||||
| Kone OYJ Ser'b'npv | 89 | 1.7'lo | ||||
| Alcon AG CHF0.04 | 73 | 1 44/o | ||||
| Blackrock FM Ltd European Dynamic |
195 | 3.8'/4 | ||||
| Bailie Gifford Japanese | 136 | 2 6o/o | ||||
| Hermes Invest Mngm Asia Ex-Japan EQTY F |
164 | 3.2'/o | ||||
| MSIM Fund MGMT Asia Opportunity | 130 | 2 5o/o | ||||
| Blackrock FM Ltd Emerging Markets |
74 | 1.4'/o | ||||
| Total Equities | 3,085 | 59.5/ | ||||
| Bonds | ||||||
| UKBonds | ||||||
| Pimco Global Advis UK Corp | 267 | 5 1/0 | ||||
| International Bonds |
||||||
| Henderson Investment Janus |
147 | 2.8'/4 | ||||
| Jupiter UT Managers Strategic Bond | 268 | 5 2o/o | ||||
| Newton Global DYNM |
267 | 5 1 o/o | ||||
| Xtrackers II |
278 | 5.4'/o | ||||
| Total Bonds | 1,227 | 23.7'/o | ||||
| Property | ||||||
| Charities Prop FD Propertv fund income |
64 | 1 24/o | ||||
| Mayfair Capital in Prop inc Trust for charities |
110 | 2. 14/o | ||||
| Total Property | 174 | 3.4'%%d | ||||
| Other | ||||||
| Legg Mason inv FDS IR Clrbridge | GBL Infra Inc | 96 | 1 9'/o | |||
| Link fund Sol Ltd Capita Trojan XDis | 184 | 3 5o/o | ||||
| Blackrock (Lux) SA UK Emg Cos Abs Rtn s" GBP | 196 | 3.8'/o | ||||
| Int Public Partner ord GBP0.0001 | 75 | 1.4'/4 | ||||
| SEQUOIA ECONOMIC I NPV |
48 | 0.9'/o | ||||
| Total Other | 599 | 11 5'/o | ||||
| Cash | ||||||
| Total cash | 100 | 1 9/0 | ||||
| Total investments | 5,185 | 100o%%d |
| 2020-21 | 2019-20 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| e000 | f000 | |||||||||
| Charitable | projects | 798 | 516 | |||||||
| Total | 798 | 516 | ||||||||
| The Charity | recognises | liabilities | in | the accounts | once | there is a legal or constructive obligation |
to expend | funds. The | ||
| commitments | in this note reflect | the Charity's | intentions | to spend, and as such are not dassed as liabihties in the accounts. |
||||||
| They are all | due within one year. | |||||||||
| 2020-21 | 2019-20 | |||||||||
| e000 | e000 | |||||||||
| Movement | within year | Opening | value | 516 | 554 | |||||
| Arising | in year | 6,356 | 1,649 | |||||||
| Utilised | in year | (5,823) | (1,250) | |||||||
| Unused | / reversed | (253) | (437) | |||||||
| Closing value | 798 |