2021-12-31-accounts - Pilotlight

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		Page
Report ofthe Trustees	1	to	11
Report ofthe Independent Auditors	12	to	15
Statement ofFinancial Activities		16
Statement ofFinancial Position
Statement ofCash Flows
Notes ln the Statement ofCash Flows
Holes tothe Financial Statements	20	to	31
Detailed Statement ofFinancial Activities	32	to	33

					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	funds I	fundsI	fundsI	fundsI
INCOME AND ENDOWMENTS	FROM
Donations and legacies			200,456		200,456	210,655
Charitable activities
Providing business support to UK	chadities		715,816	318,733	1,034,549	940,908
Investment income					343	2,740
Other income						11,538
Total			916,615	318,733	1,235,348	1,165,841
EXPENDITURE ON
Raising funds		7	97,323		97,323	45,574
Charitable activities		8
Providing business support to UK	chadities		940,105	318,733	1,258,838	1,139,648
Total			1,037,428	318,733	1,356,161	1,185,222
Net gains/(losses) on investments			9,872		9,872	(5,849)
NET INCOME/(EXPENDITURE)			(110,941)		(110,941)	(25,230)
RECONCILIATION OF FUNDS
Totalfunds broughtforward			1,242,069		1,242,069	1,267,299
TOTAL FUNDS CARRIED FORWARD			1,131,128		1,131,128	1,242,069

FIXEDASSETS	Notes	2021I	2020
Intangible assets Tangible assets Investments	15 16 17	30,208 100,989 246,945	12,786 242,162
		378,142	254,948
CURRENT ASSETS
Debtors Cash at bank	18	134,084 1,512,115	93,100 1,916,673
		1,646,199	2,009,773
CREDITORS
Amounts falling due within one year	19	(691,013)	(570,452)
NET CURRENT ASSETS		955,186	1,439,321
TOTAL ASSETSLESSCURRENT LIABILITIES		1,333,328	1,694,269
CREDITORS
Amounts falling due after more than one year	20	(202,200)	(452,200)
NET ASSETS
		1,131,128	1,242,069
FUNDS	23
Unrestricted funds		1,131,128	1,242,069
TOTAL FUNDS		1,131,128	1,242,069

		2021I	2020I
Cash flows from operating activities
Cash generated from operations		(271,414)	(314,014)
Net cash used in operating activities		(271,414)	(314,014)
Cash flows from investing activities
Purchase ofintangible fixed assets Purchase oftangible fixed assets Purchase offixed asset investments Sale offixed asset investments Interest received		(30,720) (106,428) (20,074) 25,163 343	(5,017) (49,361) 36,358 2,740
Net cash used in investing activities		(131,716)	(15,280)
Cash flows fmm financing activities
Loan repayments in year		(1,428)	(6,400)
Net cash used in financing activities		(1,428)	(6,400)
Change in cash and cash equivalents the reporting period Cash and cash equivalents atthe	in	(404,558)	(335,694)
beginning ofthe reporting period		1,916,673	2,252,367
Cash and cash equivalents atthe end	of
the reporting period		1,512,115	1,916,673

	RECONCIIIATION	RECONCIIIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
					2021	2020
					f
	Net expenditure	forthe reporting	period (as per	the Statement of
	Financial Activities)				(110,941)	(25,230)
	Adjustments for:
	Depreciation charges				18,737	13,512
	(Gain)/losses on investments				(9,872)	5,849
	Interest received				(343)	(2,740)
	Increase in debtors				(40,984)	(5,790)
	Decrease in creditors				(128,011)	(299,615)
	Net cash used in	operations			(271,414)	(314,014)
2.	ANALYSIS OFCHANGES IN NET FUNDS
				At' 1/1/21	Cash flow	At 31/12/21
				f	f	f
	Net cash
	Cash at bank			1,916,673	(404,558)	1,512,115
				1,916,673	(404,558)	1,512,115
	Total			1,916,673	(404,558)	1,512,115

	Corporate Contract Grants	Income	Income	Activity Providing Providing	Activity Providing Providing	business support to UK charities business support io UK chadities	business support to UK charities business support io UK chadities	2021f 715,816 318,733	2020 f 557,283 383,625
								1,034,549	940,908
	Grants received, included in the			above, are		as follows:
								2021f	2020f
	The Garfield Weston Foundation The National Lottery Community Pro Bono Economics / Oak Foundation Porticos Careers and Enterpiise Company							250,000 64,083 4,650	288,000 63,900 19,625 3,000 9,100
								318,733	383,625
6.	OTHER INCOME
								2021	2020f
	Government grants								11,538
	Other income includes		a government		grant	for furlough	of anil (2020f11,538).
7.	RAISING FUNDS
	Raising donations	and legacies
								2021 f	2020f
	Consultancy fees							97,323	45,574
&	CHARITABLE ACTIVITIES COSTS
							Direct	Support
							Costs (see	costs (see
							note 9) f	note 10) f	Totals f
	Providing business support to UK
	charities						872,091	386,747	1,258,838

DIRECT COSTSOFCHARITABLE ACTIVITIES	DIRECT COSTSOFCHARITABLE ACTIVITIES	DIRECT COSTSOFCHARITABLE ACTIVITIES	DIRECT COSTSOFCHARITABLE ACTIVITIES
Staff msts Travel Bad debts					2021I 865,687 6,404	2020f 812,745 10,355 4,000
					872,091	827,100
SUPPORT	COSTS
					Governance
				Management	costs f	Totals f
Providing business support to UK chadities				381,347	5,400	386,747
Support mats, included			in the above, are as follows:
Management
					2021	2020
					Providing
					business
					sUpport
					to UK	Total
					charities	activities
					f	f
Rent and office mals insurance Telephone Sundries Recruitment costs Legal and professional fees Financial outsourcing Bank charges Amortisation of intangible fixed assets					202,053 3,526 16,252 26,752 15,757 80,318 16,350 1,602 512	161,686 3,272 11,530 17,874 28,125 52,982 16,250 1,917
Depreciation	oftangible		and heritage assets		18,225	13,512
					381,347	307,148
Governance	costs
					2021	2020
					Providing
					business
					SUpport
					to UK	Total
					charities	activities
					f	f
Auditors' remuneration Auditors' remuneration		for non audit work			4,350 1,050	4,350 1,050
					5,400	5,400

		2021I	2020I
Auditors' remuneration		4,350	4,350
Auditors' remuneration	for non audit work	1,050	1,050
Depreciation - owned	assets	18,225	13,512
Development costs amortisation		512
Operating leases		101,311	92,286
Government grants			(11,538)

There were no tr 31December 2020.	ustee	s' expenses pai	d for the year en	ded 31	December 2021 nor for	the year en
STAFF COSTS
					2021I	2020I
Wages and saladies					761,967	724,001
Social security coals					74,722	71,489
Other pension costs					28,998	17,255
					865,687	812,745
The average monthly	number ofemployees		during the year was as follows:
					2021	2020
Charity Work					21	20
The number ofemployees		whose employee	benefits (excluding	employer	pension costs) exceeded	560,000 was:
					2021	2020
670,001 - 680,000					1	1


14.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACIIVITIES
			Unrestricted	Restricted	Total
			funds I	fundsI	fundsI
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies		210,655		210,655
	Charitable activities
	Providing business support to UK	charities	576,908	364,000	940,908
	Investment income		2,740		2,740
	Other income		11,538		11,538
	Total		801,841	364,000	1,165,841
	EXPENDITURE ON
	Raising funds		45,574		45,574
	Charitable activities
	Providing business support to UK	chadities	775,648	364,000	1,139,648
	Total		821,222	364,000	1,185,222
	Net gains/(losses) on investments		(5,849)		(5,849)
	NET INCOME/(EXPENDITURE)		(25,230)		(25,230)
	RECONCILIATION OF FUNDS
	Total funds brought forward		1,267,299		1,267,299
	TOTAL FUNDS CARRIED FORWARD		1,242,069		1,242,069
15.	INTANGIBLE FIXEDASSETS
					Development
					costs
					I
	COST
	Additions				30,720
	AMORTISATION
	Charge for year				512
	NET BOOK VALUE
	At 31December 2021				30,208
	At 31December 2020


16.	TANGIBLE FIXEDASSETS
				Oflice
				equipment
	COST
	At 13anuary 2021			106,027
	Additions			106,428
	At31December 2021			212,455
	DEPRECIATION
	At 13anuary 2021			93,241
	Charge for year			18,225
	At 31December 2021			111,466
	NET BOOKVALUE
	At31December 2021			100,989
	At 31December 2020			12,786
17.	FIXEDASSETINVESTMENTS
				Unlisted
				investments
				f
	MARKET VALUE
	At 13anuary 2021			242,162
	Additions			20,074
	Disposals			(25,163)
	Revaluations			9,872
	At 31December 2021			246,945
	NET BOOKVALUE
	At 31December 2021			246,945
	At 31December 2020			242,162
	There were no investment		assets outside the UK.
	Pilotlight have invested	into	2funds:

DEBTORS:AMOUNTS FA	LLING DUE WITHIN ONE YEAR
		2021	2020
		f	f
Other debtors Membership debtors VAT Prepayments		36,356 48,672 26,365 22,691	12,312 39,236 2,303 39,249
		134,08'4	93,100
CREDITORS: AMOUNTS	FALLING DUE W1THIN ONE YEAR
		2021	2020
		f	f
Trade creditors Social security and other taxes Other creditors Deferred income Accrued expenses		8,803 20,130 89,750 506,638 65,692	2,613 20,256 90,510 423,837 33,236
		691,013	570,452
		2021f	2020
Defe~Incor00
Balance at 1)anuary 2021 Deferred income - amounts falling due after more than one year (transferred) Amounts delerred in the year Amounts released to income		423,837 250,000 284,935 (452,134)	426,395 297,800 221,149 (5S2,507)
Balance at 31December 2021		506,638	423,837

CREDI	TORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEA	R
			2021 f	2020 f
Deferred	income		202,200	452,200
			2021 f	2020f
Defiled	jntogig
Balance Deferred	at 1)anuary 2020 income - amounts	falling due within one year (transferred)	452,200 (250,000)	750,000 (297,800)
Balance	at 31December 2021		202,200	452,200

			2021	2020
			E	f
Within one year Between one and five years			74,208 174,119	73,533 9,372
			248,327	82,905
ANALYSIS OF NETASSETSBHWEEN FUNDS
			2021	2020
	Unresbicted	Restricted	Total	Total
	funds f	funds E	funds	funds f
Fixed assets Investments Current assets Current liabilities Long term liabilities	131,197 246,945 1,094,871 (341,885)	551,328 (349,128) (202,200)	131,197 246,945 1,646,199 (691,013) (202,200)	12,786 242,162 2,009,773 (570,452) (452,200)
	1,131,128		1,131,128	1,242,069

		Unrestricted	Restricted	2020
		funds	funds	Totalfunds
		E	f
Fixed assets Investments Current assets Current liabilities Long term liabilities		12,786 242,162 1,267,136 (280,015)	742,637 (290,437) (452,200)	12,786 242,162 2,009,773 (570,452) (452,200)
		1,242,069		1,242,069
MOVEMENT IN FUNDS
				Net
				movement	At
			At 1/1/21 f	in funds E	31/12/21 f
Unrestricted	funds
General fund			1,242,069	(110,941)	1,131,128
TOTAL FUNDS			1,242,069	(110,941)	1,131,128

						Incoming	Resources	Gains and	Movement
						resources f	expended f	losses f	in funds f
Unrestricted	funds
General fund						916,615	(1,037,428)	9,872	(110,941)
Restricted funds
Pro Bono/Oak Foundation						4,650	(4,650)
The Nabonal	Lottery Community			Fund		64,083	(64,083)
The Garfield	Weston Foundation					250,000	(250,000)
						318,733	(318,733)
TOTAL FUNDS						1,235,348	(1,356,161)	9,872	(110,941)
Comparatives		for movement		in funds
								Net
								movement	At
							At 1/1/20	in funds	31/12/20
							I		f
Unrestricted	funda
General fund							1,267,299	(25,230)	1,242,069
TOTAL FUNDS							1,267,299	(25,230)	1,242,069
Comparative	net	movement	in funds,		included	in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources f	expended I	losses f	in funds f
Unrestricted	ftlnds
General fund						801,841	(821,222)	(5,849)	(25,230)
Restricted funds
Porticus UK						3,000	(3,000)
The Garfield Weston 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						1,165~1	(1,185,222)	(5,849)	(25,230)

Salaries and other Post-employment	short-term benefits	benefits	2021 I 313,430 15,246	2020 I 220,773 6,190
			328,676	226,963