2021-06-30-accounts - The Pituitary Foundation

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	Page
Reference and Administrative Details	1 to 2
Trustees' Report	3to 18
Independent Examiner's Report
Statement ofFinancial Activities	18
Balance Sheet	19to 20
Cash Flow Statement	21
Notes to the Cash Flow Statement	22
Notes to the Financial Statements	23 to 33
Detailed Statement of Financial Activities	34 to 35


TRUSTEES		Mr T Sumpster (Chair)
		Mr A M Mackintosh	(Vice	Chair)
		Dr I EMacdonald	(Hon Secretary)
		Mr M P Beaven (Hon Treasurer				until 8 July 2021)(resigned	8 July 2021)
		Mr P Rouse (Hon	Treasurer		from 8 July 2021)
		Dr S E Baldeweg
		Dr A M Brooke (appointed		21 January 2021)
		Ms D LCooper (appointed			8 July 2021)
		Ms A Deleligne (appointed			8 July 2021)
		Mrs H Frazer
		Mr A H Matty
		DrJ Nowell Price
		Ms J A Phillips (appointed		21 January 2021)
		Dr SSinha (appointed 21		January 2021)
		Mrs C EThatcher
		Mrs J V RWest (resigned		2 July		2020)
COMPANY SECRETARY		Dr I E Macdonald
REGISTERED	OFFICE	86 Coiston Street
		Bristol
		8815BB
REGISTERED	COMPANY NUMBER	0325358¹(England and Wales)
REGISTERED	CHARITY NUMBER	1058968
INDEPENDENT	EXAMINER	TCA (Shrewsbury)	LLP
		Third Floor, 21 St	Mary's	Street
		Shrewsbury
		SY1 1ED
SOLICITORS		TLT LLP
		One Redcliffe Street
		Bristol
		BS16TP

Chief Executive Officer	Menai Owen Jones
Head ofPafient and Family Services	Pat McBride
Head ofFundralsing	Jay Sheppard
IT & Systems Manager	Martin Coakson
Office &Finance Manager	Gabrielle Welland
Endocrine Specialist Nurse	Pauline Whittingham
Events &Volunteers Manager	Sian Pitman
Patient and Family Services Coordinator	Sammy Harbut
Assistant Administrator	James Charlick
Senior Foundation Administrator	Miranda Payne

		FOR TH	E YEA	R ENDED 30JU	NE 2021
						2021	2020
				Unrestricted	Restricted	Total funds	Total funds
				fund	funds
			Notes	6	F	5
INCOMING RESOURCES
Incoming resources from	generated
funds
Voluntary income				337,632	46,863	384,495	391,273
Activities for generating funds				50,363		50,363	42,276
Investment income				1,253		1,253	1,877
incoming resources from activities	charitable
General				25,128	56,643	81,771	92,971
Total incoming resources				414,376	103,506	517,882	528,397
RESOURCES EXPENDED
Costs ofgenerating funds
Costs ofgenerating voluntary		income	6	82,242	460	82,702	91,136
Fundraising trading: cost ofgoods sold and
other costs			7	24,026		24,026	19,367
Charitable activities			8
General				224,988	76,626	301,614	336,086
1'otal resources expended				331,256	77,086	408,342	446,589
NET INCONIING RESOURCES BEFORE
TRANSFERS				83,120	26,420	109,540	81,808
Gross transfers between	funds		19	~459)	459
Net incoming/(outgoing)	resources			82,661	26,879	109,540	81,808
RECONCILIATION OF FUNDS
Total funds brought forward				354,372	32,720	387,092	305,284
TOTAL FUNDS CARRIED	FORWARD			437,033	59,599	496,632	387,092

	BALANCE SHEET AT 30JUNE 2021
		2021	2020
	Not	2
	es
FIXEDASSETS
Tangible assets		241	748
CURREN'f ASSETS
Debtors	15	31,607	12,124
Cash at bank		~483 236	~382924
		514,843	395,048
CREDITORS
Amounts falling due within one year	16	(18,452)	(8,704)
NET CURRENT ASSETS		496,391	386,344
TOTAL ASSETSLESSCURRENT
LIABILITIES		496,632	387,092
NETASSETS		496,632	387,092
FUNDS	19
Unrestricted funds		437,033	354,372
Restricted funds		59,599	32,720
TOTAL FUNDS		496,632	387,092

	FOR THE Y	EAR ENDED 30J	UNE 2021
		Notes	2021	2020 f
Net cash inflow from operating	activities	1	100,312	88,469
Increase in cash in the period			100,312	88469
Reconciliation ofnet cash flow	to
movement in net debt
Increase in cash in the period			100,312	88,469
Change in net debt resulting from	cash flows		100,312	88,469
Movement in net debt in the period			100,312	88,469
Net debt at 1 July			382,924	294,455
Net debt at 30June			483,236	382,924

							2021	2020
							5	F
	Net incoming	resources					109,540	81,808
	Depreciation	charges					507	508
	(Increase)/decrease		in debtors				(19,483)	16,567
	Increase/(decrease)		in creditors				9,748	~10,414)
	Net cash inflow from operating				activities		100,312	88,469
2.	ANALYSIS OF CHANGES			IN NET FUNDS
						At 1.7.20	Cash flow	At 30.6.21
							5	5
	Net cash
	Cash at bank					382,924	100,312	483,236
	Total					382,924	100,312	483,236

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds f	funds	funds	funds F
Donations		227,279	4,738	232,017	264,998
Gift aid		30,072		30,072	36,194
Legacies		33,232	42,125	75,357	35,661
Membership		46,468		46,468	38,200
Sundry	income	581		581	16,220
		337,632	46,863	384,495	391,273

									2021		2020
						Unrestricted		Restricted	Total		Total
							funds	funds	funds		funds
									f		f
Lottery &	raffle		proceeds			35,561			35,561		30,436
Merchandise		proceeds				14,802			14,802		11,840
						50,363			50,363		42,276
Activities	for	generating		funds	in the	prior year	included	f42,276 of unrestricted		income	and n
restrticted	income.
INVESTMENT			INCOME
									2021		2020
						Unrestricted		Restricted	Total		Total
							funds f	funds f	funds f		funds f
Bank interest		receivable					1,253		1,253		1,877

												2021		2020
												f
Grants												80,733	91,333
Publications												1,038		1,638
												81,771	92,971
Income from	charitable				activities			in the	prior	year included	f24,938 of	unrestricted	income and
668,033ofrestricted				income.
COSTS OF GENERATING						VOLUNTARY			INCOME
												2021		2020
									Unrestricted Restricted			Total		Total
										funds	funds	funds		funds
										F	6	6		f
Staff costs										65,484		65,484	63,893
Event costs										7,429	442	7,871	14,147
Online giving	fees									4,817		4,817		5,309
Printing, postage		&		promotion			costs			2,764	18	2,782		3,864
Other staff costs										884		884		3,167
Other fundraising			costs							864		864		756
										82,242	460	82702	91,136
Included in costs			of	generating			voluntary		income	in the prior	year were 691,136of unrestricted			funds
and no restricted		funds.
FUNDRAISING		TRADING:				COST OF GOODS SOLD AND OTHER COSTS
												2021		2020
									Unrestricted Restricted			Total		Total
										funds	funds	funds		funds
										F	F	6		6
Purchases										24,026		24,026		19,367

	Support
Direct costs	costs	Totals
(See note 9)	(See note
	10)
F
138,109	163,505	301,614

DIRECT C	O	STS	OF CHARITABLE ACTIVITIES
					2021	2020
					F
Staff costs					120,567	117,076
Stafftraining					119	358
Accommodation,			travel & subsistence			1,792
Publication	costs				15,451	14,548
Text service		costs				180
Other staff costs						240
Local support		group costs (prior year)				5,600
Local support		group costs			1,972	6,896
					138,109	146,690
SUPPORT	COSTS
				General f	Governance	Totals f
General				139,722	23,783	163,505

General
					2021 f	2020
Wages					58,567	56,412
Social security					4,005	3,858
Pensions					2,756	2,727
Rent payable under operating			leases		13,019	11,289
Insurance					3,982	4,197
Telephone, photocopier,		postage		&office supplies	14,965	15,557
Sundries					1,437	770
Bank charges					1,864	2,243
Website &online					4,611	4,875
LAPPS commission						1,251
LSG costs						825
Data protection and IT security					5,844	5,787
Software licences	&expenses				11,155	9,784
Equipment					299	887
IT upgrade						20,241
Professional fees					402	167
Cleaning &consumables						481
Finance 8 HR consultancy					9,879	13,899
Other contractors					2,520	1,172
Recruitment expenses					838	360
Training 8,welfare					217	1,290
Accommodation,	travel &subsistence				246	3,755
Membership subscriptions					2,609	2,012
Depreciation oftangible		fixed assets			507	508
					139,722	164,347
Governance
					2021	2020
					5
Wages					19,319	21,638
Social security					1,639
Pensions					959
Independent Examination		fees			1,668	1,620
Other governance	costs				198	1,299
Trustee expenses	reimbursed					492
					23,783	25,049

2021 f	2020 F
507	508

STAFF COS	TS
						2021 8	2020 f
Wages and salaries						244,433	246,264
Social security costs						17,333	11,446
Other pension	costs					11,530	7,894
						273,296	265,604
The average	monthly	number	ofemployees	during	the year was as follows:
						2021	2020
Core activities						8	10

TANGIBLE FIXEDASSETS
	Fixtures and	Computer
	fittings	equipment	Totals
		F	F
COST
At 1 July 2020 and 30June 2021	47,309	1,522	48,831
DEPRECIATION
At 1 July 2020	47,309	774	48,083
Charge for year		507		507
At 30June 2021	47,309	1,281	48,590
NET BOOK VALUE
At 30June 2021		241		241
At 30June 2020		748		748

15.	DEBTORS: AMOUNT	S F	ALLING DUE WITHIN ONE YEAR
				2021 F	2020 f
	Other debtors			1,191	9,915
	Prepayments and accrued		income	30,416	2,209
				31,607	12,124
16.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021 f	2020
	Trade creditors			3,235	1,748
	Social security and other taxes			7,439	3,398
	Other creditors			3,420	3,180
	Accruals and deferred	income		4,358	378
				18,452	8,704

The following operating lease payments are committe	d to be paid within one year:
	Other operating	leases
	2021 f	2020 f
Expiring:
Within one year	1,513	1,771
Between one and five years	1,297	2,810
	2,810	4,581

ANALY	SIS OF NET ASSETS	BETWEEN FUNDS
				2021	2020
		Unrestricted	Restricted	Total funds	Total funds
		fund	funds
Fixed assets		241		241	748
Current Current	assets liabilities	455,244 ~18,452)	59,599	514,843 /18,452)	395,048 ~8,704)
		437,033	59,599	496,632	387,092

				Net	Transfers
				movement in	between
			At 1.7.20	funds	funds	At 30.6.21
			5		f	F
Unrestricted funds
General fund			354,372	83,120	(459)	437,033
Restricted funds
Endocrine Nurse	helpline		11,437	(11,060)		377
Patient Info Helpline			9,342	(904)		8,438
Publications			2,249	3,413		5,662
Volunteer Training			9,692	(6,695)		2,997
Virtual Conference	2021			(459)	459
Legacy- Solent & IOW		Support	Group	5,925		5,925
Legacy —Publications				5,000		5,000
Legacy —Nurse helpline				31,200		31,200
			32,720	26,420	459	59,599
TOTAL FUNDS			387,092	109,540		496,632
Net movement in	funds,	included	in the above are as follows:
				Incoming	Resources	Movement in
				resources 8	expended	funds f
Unrestricted funds
General fund				414,376	(331,256)	83,120
Restricted funds
Endocrine Nurse	helpline			4,681	(15,741)	(11,060)
Patient Info Helpline				47,894	(48,798)	(904)
Publications				12,500	(9,087)	3,413
Volunteer Training				(6,695)		(6,695)
Virtual Conference	2021			3,001	(3,460)	(459)
Legacy —Solent & IOW		Support	Group	5,925		5,925
Legacy —Publications				5,000		5,000
Legacy- Nurse helpline				31,200		31,200
				103,506	(77,086)	26,420
TOTAL FUNDS				517,882	~408 342)	109,540

Comparatives	fo	r moveme	nt in fun	ds
						Net	Transfers
					movement in		between
					At 1.7.19	funds	funds	At 30.6.20
					6	E		f
Unrestricted	Funds
General fund					285,181	57,499	11,692	354,372
Restricted Funds
Endocrine Nurse		helpline			10,095	1,342		11,437
Issy Appeal					1,829	10	(1,839)
ITAppeal					8,179	1,674	(9,853)
Patient Info Helpline						9,342		9,342
Publications						2,249		2,249
Volunteer Training						9,692		9,692
					20,103	24,309	(11,692)	32,720
TOTAL FUNDS					305,284	81,808		387,092
Comparative	net movement		in funds,	included	in the above	are as follows:
						Incoming	Resources	Movement in
						resources f	expended	funds
Unrestricted	funds
General fund						441,423	(383,924)	57,499
Restricted funds
Endocrine Nurse		helpline				17,026	(15,684)	1,342
Issy Appeal						10		10
ITAppeal						21,915	(20,241)	1,674
Patient Info Helpline						31,081	(21,739)	9,342
Publications						7,250	(5,001)	2,249
Volunteer Training						9,692		9,692
						86,974	(62,665)	24,309
TOTAL FUNDS						528,397	~446,589)	81,808

A current year 12	months and prior year 1	2 months combi	ned position is a	s follows:
			Net	Transfers
			movement in	between
		At 1.7,19	funds	funds	At 30.6.21
		6		6
Unrestricted funds
General fund		285,181	140,619	11,233	437,033
Restricted funds
Endocrine Nurse	helpline	10,095	(9,718)		377
Issy Appeal		1,829	10	(1,839)
ITAppeal		8,179	1,674	(9,853)
Patient Info Helpline			8,438		8,438
Publications			5,662		5,662
Volunteer Training			2,997		2,997
Virtual Conference	2021		(459)
Legacy —Solent & IOW Support Group			5,925		5,925
Legacy —Publications			5,000		5,000
Legacy- Nurse helpline			31,200		31,200
		20,103	50,729	~11,233)	59,599
TOTAL FUNDS		305,284	191,438		496,632

		Incoming	Resources	Movement in
		resources	expended	funds
		8	F	F
Unrestricted funds
General fund		851,076	(710,457)	140,619
Restricted funds
Endocrine Nurse	helpline	21,707	(31,425)	(9,718)
Issy Appeal		10		10
ITAppeal		21,915	(20,241)	1,674
Patient Info Helpline		78,975	(70,537)	8,438
Publications		19,750	(14,088)	5,662
Volunteer Training		2,997		2,997
Virtual Conference 2021		3,001	(3,460)	(459)
Legacy —Solent	8 IOW Support Group	5,925		5,925
Legacy —Publications		5,000		5,000
Legacy —Nurse	helpline	31,200		31,200
		190,480	~439,751)	50,729
TOTAL FUNDS		1,041,550	~8502~0)	191348

					2021	2020
					6	6
INCOMING RESOURCES
Voluntary income
Donations					232,017	264,998
Gift aid					30,072	36,194
Legacies					75,357	35,661
Membership					46,468	38,200
Sundry income					581	16,220
					384495	391273
Activities for generating		funds
Lottery & raffle proceeds					35,561	30,436
Merchandise proceeds					14,802	11,840
					50363	42 276
Investment income
Bank interest receivable					1,253	1,877
Incoming resources	from	charitable activities
Grants					80,733	91,333
Publications					1,038	1 638
					81,771	92,971
Total incoming resources					517,882	528,397
RESOURCES EXPENDED
Costs ofgenerating	voluntary		income
Wages					58,054	56,608
Social security					4,695	4,548
Pensions					2,735	2,737
Event costs					7,871	14,147
Online giving fees					4,817	5,309
Printing, postage & promotion costs					2,782	3,864
Other staff costs					884	3,167
Other fundraising costs					864	756
					82 702	91 136
Fundraising trading:	cost ofgoods sold and other			costs
Merchandise costs					7,304	3,185
Lottery &raffle costs					16,722	16,182
					24 026	19367
Charitable activities
Wages					108,493	105,021
Social security					6,994	6,898
Carried forward					115,487	111,919
This page	does	not form part ofthe statutory		financial statements

				FOR THE YEAR ENDED 30JUN	E 2021
					2021	2020
						6
Charitable activities
Brought forward Pensions					115,487 5,080	111,919 5,157
Staff training					119	358
Accommodation, travel &subsistence						1,792
Publication costs					15,451	14,548
Text service costs						180
Other staff costs						240
Local support group	costs		(pdior	year)		5,600
Local support group	costs				1,972	6,896
					138 109	146690
Support costs
Other
Wages					58,567	56,412
Social security					4,005	3,858
Pensions					2,756	2,727
Rent payable under operating				leases	13,019	11,289
Insurance					3,982	4,197
Telephone, photocopier,			postage 8 office supplies		14,965	15,557
Sundries					1,437	770
Bank charges					1,864	2,243
Website & online					4,611	4,875
LAPPS commission						1,251
LSGcosts						825
Data protection and ITsecurity					5,844	5,787
Software licences	&expenses				11,155	9,784
Equipment					299	887
IT upgrade						20,241
Professional fees					402	167
Cleaning &consumables						481
Finance 8 HR consultancy					9,879	13,899
Other contractors					2,520	1,172
Recruitment expenses					838	360
Training &welfare					217	1,290
Accommodation, travel 8			subsistence		246	3,755
Membership subscriptions					2,609	2,012
Depreciation oftangible		fixed		assets	507	508
					139722	164347
Governance
Wages Social security Pensions					19,319 1,639 959	19,086 1,598 954
Independent Examination			fees		1,668	1,620
Other governance	costs				198	1,299
Trustee expenses	reimbursed					492
					23,783	25,049
Total resources expended					408,342	446,589
Net income					109,540	81,808