2020-12-31-accounts - Brains Matter Charity

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	Page
Reference and administrative details
Report ofthe Trustees
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	10-1

			Unrestricted	Restricted	Total	Unrestricted	Unrestricted	Restricted	Restricted	Total
		Notes	2020	2020	2020	2019		2019		2019
			6	6			6
Income:
Donations and legacies			25,494	27	26,521	129,725		1,200		130,925
Charitable activities:
Day services Wellbeing support			53.573 26,379		53,673 28,379	59,554 18,803				59,554 18,803
Other trading activities			523		623	9,780				9,780
Investment income			3,986		3,966	4,209				4,209
Total income			109,935	27	109962	222,071		1,200		223,271
Expenditure:
Raising funds:
Fundraising and publicity		7	15,483		15,483	16,739		2,209		18,948
Charitable activities:
Day services Wellbeing support		8 8	123,394 22,731	8,712 -	132,106 22,731	132,331 29,653		10,888 -		143,217 29,653
Total expenditure			161608	8,712	170320	178723		13,095		191818
Net income/(expenditure)	before
gains and losses on investments			(51,673)	(8,685)	(60,358)	43,348		(11,895)		31,453
Net (losses)/gains on investments			1,264		1,264	12,043				12,043
Net income/(expenditure)	for
the year		10	(50,409)	(8,885)	(59,094)	55,391		(11,895)		43,496
Transfers between funds		20
Net movement in funds			50,409	8,685	69094	55,391		11,895		43,496
Reconcilation offunds:
Total funds at 1 January 2020			511,417	301,527	812,944	456,026		313,422		769,448
Total funds at 31December 2020			461,008	292,842	763860	511,417	301,527		812,944

BRAINS MATTER CHARITY BALANCE SHEET AS AT31DECEMBER 2020
	Notes	2020	2018
		8	8
Fixed assets
Tangible assets Investments	15 16	642,259 126,614	558,541 125,955
		666,873	682,498
Current assets
Debtors Cash at bank and in hand	17	7,737 8~ 888	9,055 127,886
Creditors		91,526	136,941
Amounts failing due within one year	18	{6,549)	{6,493)
Net current assets		84,977	130,448
Net assets		763,860	812,944
Funds
Unrestricted funds:
General fund Designated funds	19 19	81,874 379,334	128,310 385,107
	19	461,008	511,417
Restricted funds	19	282,842	301,527
Totalfunds		858858, 812,844

Income f	rom donatio	ns and	legacies
				2020f	2019 6
Friends subscriptions Covid-1 9 Government		support	grant	505 10,000	1,028
Covid-19	job retention	scheme		2,143
Donations	for general	purposes		12,846	18,249
Donations Legacies	for speci6c	purposes		27	1,200 110,450

Y	EAR ENDED 31DECE	MBER	MBER	2020
5	Income from other	trading		activities
								2020f	2019f
	Fundraising events							243	6,585
	Room and csr park hire							230	3,139
	Other trading income							50	~mf
6	Invesbnent income
								2020f	2019f
	Income fmm quoted	investments						3,351	3,659
	Bank interest							616 5%a	550 ~mf
	A detailed breakdown	of	income from quoted		investments is shown		in Note 20.
7	Fundraising and publicity			expenditure
								2020	2019
	Direct costs offundraising		events					245	5,451
	Investment management		fees					605	632
	Salaries							13,769	11,519
	Website maintenance							864	1,076
	Other marketing and publicity								270
									AY44
8	Charitable activity expenditure
					Dsy	Wellbeing		2020	2019
					servicesf		support f.	Totalf	Totalf
	Salaries				79,244		21,376	100,622	111,316
	Other personnel costs				3,214		91B	4,130	7,556
	Premises				6,459			6,459	9,613
	Insurance				3,973			3,973	3,444
	015ce				16,201		77	16,278	13,470
	Legal 5 professional				500			500	511
	Depreciation				15,861			15,861	18,421
	Direct expenditure on beneficiaries				2,084		360	2,444	4,079
	Supporicosts				1,810			1,810	1,720
	Governance costs				2,760 ~f758			2,760 TQli27	4,740 ~rVr5

Y	EAR ENDED 3	1DECEMBER 2020	1DECEMBER 2020
9	Analysis of	support costs
						Basis of	General	Governance	2020
				apportionment			supportf	functionf	Totalf
	Independent Accountancy	examination services	fee	Governance Allocated by invoice			1,810 TlH(f	1,860 900 ~0	1,850 2,710 ~xr
10	Net incomel(expenditure)		for the	year
	This is stated	after charging:						2020f	2019f
	Deprecia5on Operating leases - equipment							15,861 4,281	16,421 3,027
	Independent	exsminalon	fee					1 888	2848
11	Analysis ofstaff costs,		trustee remuneration		and expenses,
	and the cost of key management			personnel
								2020f	2019f
	Wages and salaries							104,430	110,219
	Social security	costs						2,969	5,0'I 5
	Pension costs							5,228	5,072
	Agency staff							1,764	1,529
								114381	122 838

(2019: nil full follows:	5me snd sev	en part time employees). The numb	er of full time equivalent employ	ees was as
			2020	2019
			No.	No.
Day services
Wellbeing support
Management,	administration	and fundraising

Tangible fixed assets
	Freehold
	Land &
Cost orvaluation	Buildingsf	Equipment 6	Total 6
At 1 January 2020 Additions Dispossls	768,813	35,711 1,579	804,524 1,579
At 31December 2020	168513	37,280	333133
Depr3sciation
At 1 January 2020 Chatge for year Released on disposal	214,647 14,872	33,336 969	247,983 15,861
At 31December 2020	228,518	34,325	283844
Net BookValue
At 31December 2020	539,294	2,965	542,253
At 31 December 2019	554,166	2,375	658541

Investments
		2020	2019
		2	5
Listed investments at valuation
At 1 January 2020 Additions Disposals at opening book Net unrealised investment	value gains	123,852 1,264	114,139 9,000 (10,693) 11,506
Other investments		126,216	123,952
Balance held on deposit		1,39$	2,003
At 31 December 2020		123.314	125,955

Debtors
		2020	2018
Amounts falling due	within one year:
Trade debtors Other debtors		6,611 41	7,878 39
Prepayments		3 333	1,138
		7737	9,055
Creditors: Amounts	falling due within one year
		2020	2019
		E	8
Trade creditors		659	629
Social security and other taxes Other creditors		2,061 979	1,949 835
Accruals		2,960	OOOO
		6549	6,493

Movement	s	in fu	nds
							Investment
							Gains/
				As at	Incoming	Resources	Losses	8	As at
				01.01.20	Resources	Expended	Trallsfers		31.12.20
					5	6		6	6
Unrestricted		Funds
General fund				126,310	109,935	(155,176)	605		81,674
Designated Designated	investment fund new property fund			125,955 259,152 511,417	109,935	~0,432 ~767,600	559 1,264		126,614 252,720 401 D00
Restricted	Funds
New premises		fund		295,014		(8,440)			286,574
Equipment Cash funds	funds			1,001 5,512 301,527	27 27	(249) ~23 ~0.772			762 5516 202 042
Total Funds				012044	100062	~770 320	1 264		103M0,
Analysis ofGains,			Losses &	Transfers
					Designated	Designated	Restricted
				Unrestricted	Investment	Property	Property
				Funds 6	Fund 8	Fund 9	Fund f		Total 6
Investment	capital			605	(605)
				605	(605)
Gain on investment			assets		1,264				1,264
				605	659				1 204

Designated investment	Fund
				Original	Market	Income
				Cost	Value	for Year
				5	5	6
UK fixed interest stocks
Henderson Global Investors		Strategic Bond		5,050	5,502	169
Artemis Fund Managers		Corporate Bond		9,000	10,052	187
Jupiter Unit Trust Managers		Strategic Bond		4,953	4,979	155
Overseas index- linked
CG Portfolio Real Return		Class A Shares		7,351	12,942	210
Alternative investments
Third Point Offshore Inv. 3I Infrastructure		NPV USD Ord NPV (Post Cons)		4,101 4,008	6,432 4,983	149
Link Fund Solutions		Capita Trojan X	Dis	3,983	4,673	22
Artemis Fund Managers Fil Inv Svcs		Global Income Units Global Dividend W		6,852 9,838	9,068 14,220	292 447
UK investment 6 unit trusts
Hendsmon High Inc. Trust		Ordinary 5p		4,346	5,909	398
Link Fund Solutions		Milton UK Multi Cap Inc		7,991	8,623	312
Majedie Asset Management		UK Income X		5,857	4,669	173
T Bailey Fund Services		TBEvenlode Income C		7,922	9,175	277
Investec Fund Manager Series		Series I UK Alpha	J	4,923	6,521	102
Overseas equities
Aviva Investors UK Svcs Ltd		US Equity Income		4,918	6,243	174
Blackrock Fund Managers		Conti Europe Inc	D Units	2,988	3,606	91
Pacific Assets Trust		Ordinary 12.5p		4,912	7,211	68
Scroder Unit Trusts		Asian Income Z Inc		2,998	3,518	123
Total quoted investments				101,981	125,216	3,350
Balance held on deposit				1,398	1,398
Total value of investment	fund			103,379	126,614	3351

		2020	2019
Equipment	lease expiring:	2	8
Between two and five years		4,281	4,281