| Page | |||||
|---|---|---|---|---|---|
| Reference | and Administrative Details |
||||
| Report ofthe Trustees | 2 | to | 7 | ||
| Independent | Examiner's | Report | |||
| Statement | of Financial | Activities | |||
| Statement | of Financial | Position | 10 | to | 11 |
| Notes to the Financial Statements | 12 | to | 17 |
| 31.5.21 | 31.5.20 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | C | P. | ||||||
| INCOME | AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 2 | 396,554 | 396,554 | 173,808 | |||
| Investment | income | 3 | 428 | 428 | 493 | |||
| Total | 396,982 | 396,982 | 174,301 | |||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | |||||||
| Charitable | 119,123 | 119,123 | 166,094 | |||||
| NET INCOME | 277,859 | 277,859 | 8,207 | |||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 223,349 | 223,349 | 2I5,142 | ||||
| TOTAL FUNDS CARRIED FORWARD | 501,208 | 501,208 | 223,349 |
| STATEMENT OF FINANCIAL | POSITION | |||
|---|---|---|---|---|
| 31 MAY 2021 | ||||
| 31.5.21 | 31.5.20 | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible assets | 15,000 | 5,830 | ||
| CURRENT ASSETS | ||||
| Debtors | 10 | 10,779 | 1,674 | |
| Cash at bank | 524,582 | 258,413 | ||
| 535,361 | 260,087 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
(4,153) | (2,568) | ||
| NET CURRENT ASSETS | 531,208 | 257,519 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 546,208 | 263,349 | ||
| PROVISIONS FOR LIABILITIES | 12 | (45,000) | (40,000) | |
| NETASSETS | 501,208 | 223,349 | ||
| FUNDS | 14 | |||
| Unrestricted funds: |
||||
| General fund |
501,208 | 223,349 | ||
| TOTAL FUNDS | 501,208 | 223,349 |
| NOTES TOTHE FINANCIAL STATEMENTS - c FORTHE YEAR ENDED 31 MAY 2021 |
NOTES TOTHE FINANCIAL STATEMENTS - c FORTHE YEAR ENDED 31 MAY 2021 |
ontinued | ||
|---|---|---|---|---|
| 2. | DONATIONS AND LEGACIES |
|||
| 31.5.21 | 31.5.20 | |||
| Donations and Gift Aid |
131,554 | 173,808 | ||
| Legacies | 265,000 | |||
| 396,554 | 173,808 | |||
| 3. | INVESTMENT INCOME | |||
| 31.5.21 | 31.5.20 | |||
| Deposit account interest | 428 | 493 | ||
| 4. | CHARITABLE ACTIVITIES COSTS | |||
| See details below. | ||||
| 5. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||
| 31.5.21 | 31.5.20 | |||
| C | E | |||
| Staff costs | 50,419 | 43,500 | ||
| Grosvenor Street rent | 6,000 | 6,000 | ||
| Grosvenor Street running | costs | 5,740 | 4,622 | |
| Insurance | 1,016 | 847 | ||
| Food and guest expenses | 28,900 | 19,402 | ||
| Christmas costs | 300 | 3,454 | ||
| Office costs and publicity | 6,792 | 2,314 | ||
| Repairs and building works |
6,730 | 41,291 | ||
| Motor expenses | 6,752 | 3,326 | ||
| Dilapidations provision |
5,000 | 40,000 | ||
| Accountancy | 1,474 | 1,338 | ||
| 119,123 | 166,094 | |||
| 6. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 31.5.21 | 31.5.20 | |||
| Depreciation —owned assets |
3,583 | 1,716 | ||
| Other operating leases |
6,000 | 6,000 |
| STAFF COSTS | ||||||
|---|---|---|---|---|---|---|
| 31.5.21 | 31.5.20 | |||||
| P | ||||||
| Wages and salaries | 50,419 | 43,600 | ||||
| 60,419 | 43,500 | |||||
| The average monthly |
number | of employees | during the year was as follows: | |||
| 31.5.21 | 31.5.20 | |||||
| Administration staff |
3 | 3 | ||||
| No employees received emoluments |
in excess ofE60,000. | |||||
| TANGIBLE FIXEDASSETS | ||||||
| Motor | ||||||
| vehicle | ||||||
| COST | ||||||
| At 1 June 2020 | 6,996 | |||||
| Addition | 18,0QQ | |||||
| Disposal | (6,996) | |||||
| At 31 May 2021 | 18,QQQ | |||||
| DEPRECIATION | ||||||
| At 1 June 2020 | 1,166 | |||||
| Charge for year | 3,583 | |||||
| Eliminated on disposal |
(1,749) | |||||
| At 31 May 2021 | 3,000 | |||||
| NET BOOK VALUE | ||||||
| At 31 May 2021 | 15,000 | |||||
| At 31 May 2020 | 5,830 |
| 31.5.21 | 31.5.20 | |
|---|---|---|
| Accrued income | 9,730 | 1,024 |
| Prepay ments | 1,049 | 650 |
| 10,779 | 1,674 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.5.21 | 31.5.20 | |
| E | ||
| Trade creditors | 1,385 | 738 |
| Social security and other taxes | 1,086 | 482 |
| Other creditors | 200 | 110 |
| Accrued expenses | 1,482 | 1,238 |
| 4,153 | 2,568 | |
| PROVISIONS FOR LIABILITIES | ||
| 31.5.21 | 31.5.20 | |
| Provision for dilapidations | 45,000 | 40,000 |
| MOVEMENT | IN FUNDS | ||||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.6.20 | in funds | 31.5.21 | |||
| Unrestricted | funds | ||||
| General fund | 223,349 | 27?,859 | 501,208 | ||
| TOTAL FUNDS | 223,349 | 277,859 | 501,208 | ||
| Net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 396,982 | (119,123) | 277,859 | ||
| TOTAL FUNDS | 396,982 | (119,123) | 277,859 |
| Net | Transfers | |||||||
|---|---|---|---|---|---|---|---|---|
| movement | between | At | ||||||
| At 1.6.19 | in funds | funds | 31.5.20 | |||||
| C | ||||||||
| Unrestricted | funds | |||||||
| General | fund | 105,099 | 42,403 | 75,847 | 223,349 | |||
| Property | and | Development | Fund | 75,847 | (75,847) | |||
| 180,946 | 42,403 | 223,349 | ||||||
| Restricted funds | ||||||||
| The Pret Foundation | Trust | 3,208 | (3,208) | |||||
| Charles | Irving | Trust | 30,988 | (30,988) | ||||
| 34,196 | (34,196) | |||||||
| TOTAL | FUNDS | 215,142 | 8,207 | 223,349 |
| Comparative | net mo | vement in funds, included |
in the above are as follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 174,301 | (131,898) | 42,403 | ||
| Restricted funds | |||||
| The Pret Foundation | Trust | (3,208) | (3,208) | ||
| Charles Irving |
Trust | (30,988) | (30,988) | ||
| (34,196) | (34,196) | ||||
| TOTAL FUNDS | 174,301 | (166,094) | 8,207 |