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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|
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||||||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|
##
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|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|
##
|||Notes|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|
##
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||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|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|
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||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|
##
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|||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)|
##
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##
|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)|
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|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|
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