2020-12-31-accounts - Pilotlight

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					2020	2019
			Unrestricted	Restricted	Total	Total
		Notes	funds I	funds I	funds	fundsI
INCOME AND ENDOWMENTS	FROM
Donations and legacies			210,655		210,655	214,051
Charitable activities
Providing business support to UK	charities		576,908	364,000	940,908	990,137
Investment income			2,740		2,740	2,705
Other income			11,538		11,538
Total			80L841	364,000	1,165,841	1,206,893
EXPENDITURE ON
Raising funds			45,574		45,574	58,568
Charitable activities
Providing business support to UK	chadities		775,648	364,000	1,139,648	1,103,040
Total			821,222	364,000	1,185,222	1,161,608
Net gains/(losses) on investments			(5,849)		(5,849)	16,729
NET INCOME/(EXPENDITURE)			(25,230)		(25,230)	62,014
RECONCIIIATION OF FUNDS
Total funds brought forward			1,267,299		1,267,299	1,205,285
TOTAL FUNDS CARRIED FORWARD			1,242,069		L242,069	1,267,299

			2020	2019
		Notes	I
FIXED	ASSETS
Tangible	assets	15	12,786	21,281
Investments		16	242,162	235,008
			254,948	256,289
CURRENT ASSETS
Debtom		17	93,100	87,310
Cash at	bank		1,916,673	2,252,367
			2,009,773	2,339,677
CREDITORS
Amounts	falling due within one year	18	(570,452)	(578,667)
NET CURRENT ASSETS			1~439~321	L76L010
TOTAL	ASSEISLKSCURRENT lIABILITIES		1,694,269	2,017,299
CREDITORS
Amounts	t'ailing due after more than one year	19	(452,200)	(750,000)
NETASSETS			1,242,069	1,267,299
FUNDS		22
Unrestricted funds			1,242,069	1,267,299
TOTAL	FUNDS		1,242,069	1&267,299

		2020	2019
	Notes	6	6
Cash flows from operating activities Cash generated from operations	1	(314,014)	562,933
Net cash (used in)/provided by operating	activities	(314,014)	562,933
Cash flows from invesdng activities Purchase oftangible fixed assets Purchase offixed asset investments		(5,017) (49,361)	(251) (42,369)
Sale offixed asset investments		36,358	25,547
Interest received		2,740	2,705
Net cash used in investing activities		(15,280)	(14,368)
Cash flows fmm financing activities Loan repayments in year		(6,400)	(20,742)
Net cash used in financing activities		(6,400)	(20,742)
Change in cash and cash equivalents the reporting period	in	(335,694)	527,823
Cash and cash equivalents at the beginning ofthe reporting period		2,252,367	1,724,544
Cash and cash equivalents atthe end of the reporting period		1,916,673	2,252,367

RECONCILIATION OF NET	(EXPENDITURE)/INCOME	(EXPENDITURE)/INCOME	TD NET CASH FLOW FROM OPERATING
ACTIVITIES
			2020 I	2019 I
Net (expenditure)/income for the reporting Statement ofFinancial Activities)		period	(as per the (25,230)	62,014
Adjustments for: Depreciation charges losses/(gain) on investments Interest received			13,512 5,849 (2,740)	13,005 (11,025) (2,705)
(Increase)/decrease in debtors (Decrease)/increase in creditors			(5,790) (299,615)	118,567 383,077
Net cash (used in)/provided	by operations		(314,014)	562,933

ANALYSIS OF CHANGES IN NET FUN	DS
	At 1/1/20 I	Cash flow I	At 31/12/20 I
Net cash
Cash at bank	2,252,367	(335,694)	1,916,673
	2,252,367	(335,694)	1,916,673
Total	2,252,367	(335,694)	1,916,673

5.	INCOME FR	OM CH	A	R1	TA	BLE	ACT	IVIT	IES
											2020	2019
							Activity				E	E
	Corporate Contract Income Grants						Providing Providing		business support to UK charities business support to UK charities		557,283 383,625	593,460 396,677
												990,137
	Grants received, included				in	the	above, are as follows:
											2020f	2019 f
	Porticos										3,000	23,000
	The GarField	Weston	Foundation								288,000	292,000
	Pro Bono Economics		/	Oak Foundation							19,625	33,065
	Careers and The National	Enterprise Company Lottery Community									9,100 63,900	13,400 35,212
											383,625	396,677
6.	OTHER INCOME
											2020f	2019 f
	Government	grants									11,538
	Other income includes			a	government			grant	for furlough	ofE11,538.
	RAISING FUNDS
	Raising donations		and		legacies						2020	2019
											f	f
	Consultancy	fees									45,574	52,864
	Investment	management				costs					2020	2019
											E	E
	Impairment	losses										5,704
	Aggregate amounts										45,574

B.	CHARITABLE ACTIVITIES COSIS	CHARITABLE ACTIVITIES COSIS	CHARITABLE ACTIVITIES COSIS	CHARITABLE ACTIVITIES COSIS
					Direct	Support
					Costs (see	costs (see
					note 9) E	note 10) E	Totalsf
	Providing charities	business support to UK			827,100	312,548	1,239,648
9.	DIRECT COSTS OFCHARITABLE ACIIVITIES
						2020	2019
						E	E
	Staff costs					812,745	734,911
	Travel					10355	25,674
	Bad debts					4,000	3,150
						827,100	763,735
10.	SUPPORT COSTS
						Governance
					Management f	costs	Totals E
	Providing	business support to UK charities			307,148	5,400	312,548
	Support costs, included			in the above, are as follows:
	Management					2020	2019
						providing
						business
						support
						to UK	Total
						charities	acgvtties
						E	E
	Rent and Insurance	office costs				161,686 3,272	168,275 4,317
	Telephone Sundries					11,530 17,874	18,223 24,311
	Recruitment		costs			28,125	24,115
	Legal and professional Financial outsourcing Bank charges Depreciation oftangible			fees and heritage assets		52,982 16,250 1,917 13,512	63,751 16,250 1,208 13,005
						307,148	333,455

			2020	2019
			Providing
			business
			support
			to UK	Total
			charities	activities
			f	f
Auditors'	remuneration		4,350	4,800
Auditors'	remuneration	for non audit work	1,050	1,050
			5,400	5,850
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			2020f	2019f
Auditors'	remuneration		4,350	4,800
Auditors'	remuneration	for non audit work	1,050	1,050
Depreciation - owned assels Operating leases Government grants			13,512 92,286 (11,538)	13,005 92,400

		2020	2019
		f	f
Wages Social Other	and salades security costs pension costs	724,001 71,489 17,255	656,994 65,051 12,866
		812,745	734,911

The av	erage monthly number ofemployees during	the year was as follows:
		2020	2019
Charity	Work	20	21

13.	STAFFCOSTS - continued
	The number ofemployees whose	employee	benefits (excluding	employer	pension costs) exceeded		660,000 was:
						2020	2019
	I70r001 680r000					1	1
14.	COMPARATIVES FORTHE STATEMENT		OF FINANCIAL ACTIVITIES
				Unrestricted		Restricted	Total
					funds	funds	funds
					I	6	6
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies				214,051		214,051
	Chadtable activities
	Providing business support to UK	charities			626,525	363,612	990,137
	Investment income				2,705		2,705
	Total				843,281	363,612	1,206,893
	EXPENDITURE ON
	Raising funds				58,568		58,568
	Chadtable activities
	Providing business support to UK	charities			739,428	363,612	1,103,040
	Total				797,996	363,612	1,161,608
	Net gains on investments				16,729		16,729
	NET INCOME				62,014		62,014
	RECONCILIATION OF FUNDS
	Total funds brought forward			1,205,285			1,205,285
	TOTAL FUNDS CARRIED FORWARD			1,267,299			1,267,299


15.	TANGIBLE FIXEDASSETS
				Office
				equipment
	COST
	AtI3anuary 2020 Additions			101,010 5,017
	At 31December 2020			106,027
	DEPRECIATION
	At 13anuary 2020 Charge for year			79,729 13,512
	At 31 December 2020			93,241
	NET BOOK VALUE
	At 31December 2020			12,786
	At 31December 2019			21,281
16.	FIXEDASSETINVESTMENTS
				Unlisted
				investments
	MARKETVALUE
	At 13anuary 2020 Additions			235,008 49,361
	Disposals Revaluations			(36,358) (5,849)
	At 31December 2020			242,162
	NET BOOK VALUE
	At31December 2020			242,162
	At 31December 2019			235,008
	There were no investment		assets outside the UK.
	Pilotlight have invested	into 2funds:

			2020	2019
			f
Other debtors			12,312	11,198
Membership debtors VAT			39,236 2,303	29,734 6,639
Prepayments			39,249	39,739
			93,100	87I310
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
			f	f
Trade creditors			2,613	3,438
Social secudty and other taxes Other creditors			20,256 90,510	19,948 97'283
Deferred income			423,837	426,395
Accrued expenses			33,236	31,603
			570,452	578(667
			2020f	2019f
Deferred Income
Balance at 11anuary 2020 Deferred income - amounts falling due after more than one year (transferred) Amounts deferred in the year Amounts released to income			426,395 297,800 222,149 (522,507)	541,373 240,205 981,803 (586,986)
Amounts deferred	—amounts	falling due after more than one year (transferred)		(75D,DDD)
Balanceat31Dec	ember20	20	423,837	426,395

		2D20	2019
		E	E
Deferred	income	452,200	750,000
		2020f	2019
~QI dI Balance at 1)anuary 2020 Amounts deferred in the year to periods beyond 31 December 2021 Deferred inmme —amounts falling due within one year (transferred)		750,000 (297,800)	240,205 750,000 (240,205)
Balance	at 31December 2020	452,20D	750,000

Minimum lease payments under non-cancellable op	erating leases f	all due as follows	:
			2020 f	2019 f
Within one year Between one and five years			73,533 9,372	102,324 77,874
			82,905	180,198
ANALYSIS OF NETASSETS BETWEEN FUNDS
			2020	2019
	Unrestricted	Restricted	Total	Total
	funds f	funds f	funds f.	funds f
Fixed assets	12,786		12,786	21,281
Investments	242,162		242,162	235,008
Current assets	1,719,338	290,435	2,009,773	2,339,677
Current liabilities	(732,217)	161,765	(570,452)	(578,667)
Long term liabilities		(452,200)	(452,200)	(750,000)
	1,242,069		1,242,069	1,267,299

			Unrestricted	Restrided	2019
			funds f	funds f	Totalfunds
Fixed assets			21,281		21,281
Investments			235,008		235,008
Current	assets		1,265,296	1,074,381	2,339,677
Current	liabilities		(254,286)	(324,381)	(578,667)
Long term liabilities				(750,000)	(750,000)
			1,267,299		1,267,299
MOVEMENT		IN FUNDS
					Net
					movement	At'
				At 1/1/20	in funds	31/12/20
				f	f	f
Unrestricted		funds
General	fund			1,267,299	(25,230)	1,242,069
TOTAL	FUNDS			1,267,299	(25,230)	1,242,069

						Incoming	Resources	Gains and	Movement
						resources f	expended f	losses f	in funds
Unrestricted	funds
General fund						801,841	(821,222)	(5,849)	(25,230)
Restricted funds
Porticus UK						3,000	(3,000)
The Garfield	Wesion	Foundation				288,000	(288,000)
The National	Lottery	Community		Fund		63,900	(63,900)
The Careers	and Enterprise		Fund			9,100	(9,100)
						364,000	(364,000)
TOTAL FUNDS						1,165,841	(1,185,222)	(5,849)	(25,230)
Comparatives for movement				in funds
								Net
								movement	At
							At 1/1/19 f	in funds f	31/12/19
Unrestricted	funds
Genera I fund							1,205,285	62,014	1,267,299
TOTAL FUNDS							1,205,285	62,014	1,267,299
Comparative	net movement		in funds,		included	in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources f	expended f	losses f	in funds f
Unrestricted	funds
General fund						843,281	(797,996)	16,729	62,014
Restricted funds
Porbcus UK						23,000	(23,000)
The Garfield	Weston	Foundation				292,000	(292,000)
The National	Lottery	Community		Fund		35,212	(35,212)
The Careers	and Enterprise		Fund			13,400	(13,400)
						363,612	(363,612)
TOTAL FUNDS						1,206,893	(1,161,608)	16,729	62,014

Key management	compensation	compensation
			2020 I	2019 I
Salaries and other	short-term	benefits	220,773	206,349
Post-employment	benefits		6,190	3,831
			226963	210g180