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2021-06-30-accounts

Contents Page
Reference and administrative details
Trustees' report (incorporating the Directors' report)
Independent
auditor's		 report 15
Statement offinancial activities (incorporating the income and expenditure account) 17
Balance sheet 18
Cash flow statement 19
Notes to the financial statements 20

Year ended 30June 2021
Notes 2021 2020
Unrestricted Unrestricted
g
Income from:
Donations lc 210,113 876,986
Grants-Furlough 3,324
Investments 210,090 241,437
Total income 423,527 1,118,423
Expenditure
on:		 le
Raising funds:
Fundraising
costs		 388,031 622,356
Charitable
activities:
Assistance
to the disabled for
participation
in sport		 192,564 194,376
Total expenditure 2 580,595 816,732
Net income before investment gains (157,068) 301,691
Net gains on investments 6 1,537,400 339,675
Net income for the year and movement in funds 3 1,380,332 641,366
Reconciliation
offunds
Balance brought
forward at 1 July 2020		 13,343,564 12,702,198
Balance carried forward at
30June 2021 14,723,896 13,343,564

2021 2020
733,597 751,168
13,757,190 12,076,751
14,490,787 12,827,919
141,650 39,213
260,826 648,512
402,476 687,725
(169,367) (172,080)
233,109 515,645
14,723,896 13,343,564
14,723,896 13,343,564
14,723,896 13,343,564
14,723,896 13,343,564

Year ended 30June 2 021
2021 2020
Notes s
Net cash inflow from operating activities (a) (454.738) 115,671
Cash flows from investing activities:
Interest and income received 210,090 241,437
Purchase offixed assets 6,454
Net movement
in investment		 portfolio (148,059) (84,987)
Decrease in cash and cash equivalents in the year (392,707) 278,575
Cash and equivalents
brought		 forward 1,132,087 853,512
Cash and equivalents
carried		 forward 739,380 1,132,087

(a)
Reconciliation
o		 fnet in come to net cash inflow from opera ting
activities
2021 2020
s
Net income for the year 1,380,332 641,367
Interest and income received (210,090) (241,437)
Gains and losses (1,537,400) (339,675)
Depreciation 17,572 18,149
Decrease in creditors (2,714) 48,884
Decrease in debtors (102,438) (11,617)
Net cash inflow from operating activities (454,738) 115,671
(b)
Analysis ofcash		 and cash equivalents
At 30June At 30June
2021 2020
Cash at bank and in hand 260,826 648,512
Cash held in investment portfolio 478,554 483,575
Total cash and cash equivalents 739,380 1,132,087

Direct Support Total Total
Staff costs costs costs 2021 2020
Cost ofRaising funds 191,702 126,238 70,091 388,031 622,356
Charitable activities 47,926 127,334 17,304 192,564 194,376
239,628 253,572 87,395 580,595 816,732
are f57,8 55 (2020:f62,865)
Direct Support Total Total
Staff costs costs costs 2020 2019
g g g
Cost ofRaising funds 221,982 352,420 47,954 622,356 612,022
Charitable activities 55,495 128,649 10,232 194,376 207,175
277,477 481,069 58,186 816,732 819,197
Net income for the year
2021 2020
This is stated after charging: g
Auditor's remuneration 13,000 12,000
Depreciation 17,571 18,149

Staff costs
2021 2020
Wages and salaries (including temporary and agency staff) 177,524 218,978
Social Security Costs 16,845 17,025
Pension Costs 41,059 41,474
235,428 277,477
Number Number
Average number ofstaff 4 4

Tangible fixed assets
Long
Leasehold
Land and Office Motor
buildings equipment vehicles Total
g g
Cost
At 1 July 2020 818,754 6,980 30,876 856,610
Additions
At 30June 2021 818,754 6,980 30,876 856,610
Accumulated depreciation
At 1 July 2020 78,665 1,541 25,236 105,442
Charge for the year 14,802 1,360 1,409 17,571
At 30 June 2021 93,467 2,901 26,646 123,013
Net book value
At 30June 2021 725,287 4,079 4,230 733,597
At 30June 2020 740,089 5,439 5,640 751,168

2021 2020
Market Value brought
forward		 11,593,176 11,142,942
Net additions to portfolio 148,060 110,559
Unrealised
(losses)/gains		 1,537,400 339,675
Market value at end ofyear 13,278,636 11,593,176
Cash held in the investment portfolio 478,554 483,575
13,757,190 12,076,751

All investmen
investments.		 ts were
held
dire		 ctly
by the Charity
and
there
are no restrictions		 on the reali sation
of the
2021 2020
g
Investments listed on arecognised stock exchange:
UK Fixed Interest 2,914,776 3,328,625
Overseas Fixed Interest 1,157,053 830,958
UK Equities 3,608,181 3,094,203
Non- UK Equities 2,867,438 2,268,386
Commodities 475,651 537,460
Property Unit Trust 470,622 398,538
Hedge Funds 1,784,915 1,135,006
Total investments 13,278,636 11,593,176
The investments above were held as follows:
2021 2020
UK 9,254, 146 8,493,833
Non-UK 4,024,490 3,099,343
13,278,636 11,593,176
Investments which individually comprise more than 5%ofthe portfolio consist of:
2021 2020
g
Asians Global Investors UK Gilt 1,329,401 1,296,660
1,329,401 1,296,660
Debtors
2021 2020
Amounts
falling		 due within one year:
Other debtors 15,078 19,732
Prepayments 126,572 19,481
141,650 39,213

Ye ar ended 30Jun e 2021
8. Creditors: amounts falling due within one year
2021 2020
Accru ala 142,375 95,065
Other creditors 26,992 77,015
169,367 172,080
As at
30June Adjustments As at
2020 made in the Approved Paid in the 30June
Grants payable consist ofthe year in the year year 2021
following: g
GBDisabled Snow Sports Team 39,877 (39,877)
GBBocciaTeam 10,000 (10,000)
GBWheelchair Rugby Team 30,000 (30,000)
GBWheelchair Racing Team 18,812 (18,812)
GBWheelchair Tennis Team 5,933 (5,933)
GBPara-Shooting Team 10,000 (10,000)
114)622 (114,622)
their payments w ere delayed. Since the year end, $1 14,622 ofthe ab ove totals has been paid.
As at
30June
2019 Adjustments As at
(As made in the Approved Paid in the 30June
Grants payable consist ofthe restated) year in the year year 2020
following:
GBDisabled Ski Team 25,908 (25,908)
GBBocciaTeam 25,000 (25,000)
GBWheelchair Rugby Team 30,000 (30,000)
GBWheelchair Racing Team 15,053 (15,053)
GBWheelchair Tennis Team 8,557 (8,557)
GBPara-Shooting Team 10,000 (10,000)
114,518 (114,518)