## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||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| ##