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|Contents||||||Page|
|---|---|---|---|---|---|---|
|Reference and administrative||details|||||
|Trustees'
rcport (incorporating|||the Directors'|report)||2-13|
|Independent
auditor's|report|||||14-16|
|Statement offinancial|activities||(in«orporating|thc income and expenditure|account)|17|
|Balance sheet||||||18|
|Cash flow statement||||||19|
|Notes to the financial|statements|||||2()-27|
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|Year ended 30Ju|ne 2|022|||||
|---|---|---|---|---|---|---|
|||||Notes|2022|2021|
||||||Unrestricted|Unrestricted|
||||||8|8|
|Income from:|||||||
|Donations||||1c|632,610|210,113|
|Grants||||||3,324|
|Investments|||||235,662|210,090|
|Total income|||||868.272|423,527|
|Expenditure
on:||||Ie|||
|Raising funds:|||||||
|Fundraising
costs|||||567.675|388,031|
|Charitable
activities:|||||||
|Assistance to the disabled|for||||||
|participalion
in sport|||||197.264|192.564|
|Total expenditure||||2|764,939|580,595|
|Net income before investment||gains|||103,333|(157,068)|
|Net gains/losses
on investments||||6|(1,876,897)|1,537,400|
|Net income for the year and movement|||in funds|3|(1,773,564)|1,380,332|
|Reconciliation offunds|||||||
|Balance brought
forward|at I July 2021||||14,723,897|13,343,564|
|Balance carried forward|at||||||
|30June 2022|||||12,950,333|14,723,896|
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|At 30Jun|e 20|22||||
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|||
|Fixed assets||||||
|Tangible Fixed Assets||||717,013|733,597|
|Investments||||11,792,200|13,757,190|
|||||12,509,213|14,490,787|
|Current Assets||||||
|Debtors||||137,511|141,650|
|Cash at Bank|and in|Hand||462,885|260,826|
|||||600,396|402,476|
|Current liabilities||||||
|Creditors: amounts||falling due with 1year||(159,276)|(169,367)|
|Net current|assets|||441,120|233,109|
|Total assets|less current liabilities|||12,950,333|14,723,896|
|Net assets||||12,950,333|14,723,896|
|Represented|by:|||||
|Funds:||||||
|Unrestricted|funds|||12,950,333|14,723,896|
|Total funds||||12,950,333|14,723,896|
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|Year ended 30June|2|0|22||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||Notes||||
|Net cash inflow from operating|||activities||(a)||(120,709)|(454,738)|
|Cash tlows from investing|activities, '||||||||
|Interest and income received|||||||235,662|210,090|
|Net movement
in investment|portfolio||||||(206,491)|(148,059)|
|Decrease in cash and cash|equivalents|||in the year|||(91,538)|(392,707)|
|Cash and equivalents
brought||forward|||(b)||739,380|1,132,087|
|Cash and equivalents
carried||forward|||(b)||647,842|739,380|
|(a)
Reconciliation
ofnet income to||||net cash inflow from operating||activities|||
||||||||2022|2021|
|Net income for the year|||||||(1,773,564)|1,380,330|
|Interest and income received|||||||(235,662)|(210,090)|
|Gains and losses|||||||1,876,897|(1,537,400)|
|Depreciation|||||||17,572|17,572|
|Decrease in creditors|||||||(10,091)|(2,714)|
|Decrease in debtors|||||||4,139|(102,438)|
|Net cash inflow fiom operating||activities|||||(120,709)|(454,740)|
|(b)
Analysis ofcash and|cash||equivalents||||||
||||||||At 311June|At 30June|
||||||||2022|2021|
|Cash at bank and in hand|||||||462,885|260,826|
|Cash held in investment
portfolio|||||||184,957|478,554|
|Total cash and cash equivalents|||||||647,842|739.380|
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||||Direct|Support|Total|Total|
|---|---|---|---|---|---|---|
|||Staff costs|costs|costs|2022|2021f|
|Cost ofRaising funds||180,692|315,416|71,567|567,675|388,031|
|Charitable|activities|45,173|135,143|16,948|197,264|192,564|
|||225,865|450,559|8$,515|764,939|580,595|
##
|governance
costs off13500(2021
aref60,032(2021:f57,855)|:f13000). Investment|management|costs included|in costofra|ising
funds|
|---|---|---|---|---|---|
|||Direct|Support|Tutal|Total|
||Staff costs|costs|costs|2021|2020f|
|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|
||239,628253,572||87,395|580,595|816,732|
|ISctincome for the year||||||
|This is stated after charging;||||2022|2021f|
|Auditor's
remuneration||||13,500|13,000|
|Depreciation||||16,584|17,572|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||8||
|Wages|and salaries (including|temporary|and agency staff)|162,598|177,524|
|Social Security Costs||||17,734|16,845|
|Pension|Costs|||41,133|41,059|
|||||221,465|235,428|
|||||Number|Number|
|Average|number ofstaff|||4|4|
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|Tangible fixed|assets|||||
|---|---|---|---|---|---|
|||Long||||
|||Leasehold||||
|||Land and|Office|Motor||
|||buildings|equipment|vehicles|Total|
|Cost||||||
|At 1 July 2021||818,754|6,980|30,876|856,610|
|Additions||||||
|At 30June 2022||818,754|6,980|30,876|856,610|
|Accumulated|depreciation|||||
|At 1 July 2021||93,467|2,901|26,646|123,013|
|Charge for the|year|14,506|1,020|1,058|16,584|
|At 30 June 2022||107,973|3,921|27,703|139,597|
|Net book value||||||
|At 30June 2022||710,781|3,059|3,173|717,013|
|At 30 June 2021||725,287|4,079|4,230|733,597|
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|Ye|ar ended 30June 202|ar ended 30June 202|2|||
|---|---|---|---|---|---|
|6.|Fixed asset investmcnts|||||
|||||2022|2021|
||Market Value|brought
fotward||13,278,636|11,593,176|
||Net additions|to portfolio||205,504|148.060|
||Unrealised
(tosses)/gains|||(1,876,897)|1,537,400|
||Market value|at end ofyear||11607 243|13278 636|
||Cash held in|the investment|portfolio|184,957|478,554|
|||||11,792,200|13,757,190|
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|All
investments
investments.|were
held|directly
by the Charity
and there
are
no restrictions|on the realis|ation
of the|
|---|---|---|---|---|
||||2022f|2021f|
|Investments
listed on a recognised stock exchange:|||||
|UK Fixed Interest|||2,529,331|2,914,776|
|Overseas Fixed Interest|||1.057.328|1,157,053|
|UK Equities|||2,664.637|3,608,181|
|Non-UK Equities|||2,559,385|2,867,438|
|Commodities|||565,540|475,651|
|Property
Unit Trust|||495,440|470,622|
|Hedge Funds|||1,735,582|1,784,915|
|Total investments|||11,607.243|13,278,636|
|The investments|above were|held as follows:|||
||||2022f|2021|
|UK|||6,756,142|9,254,146|
|Non-UK|||4,851,101|4,024,490|
||||11,607,243|13,278,636|
|Investments
which individually
comprise more than 5%ofthe ponfolio consist of:|||||
||||2022|2021|
|All ianz Global Investors UK Gilt|||I,157,220|1,329,401|
||||1.157.220|1,329,401|
|Debtors|||||
||||2022|2021|
|Amounts
falling|due within|one year:|||
|Other debtors|||1.535|15.078|
|Prepayments|||135.977|126,572|
||||137.511|141.650|
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|Creditors: amounts
falling due within
one year|||
|---|---|---|
||2022|2021|
|Accruals|144.365|142,375|
|Otlter creditors|14,912|26,992|
||159,276|169,367|
||||||As at|
|---|---|---|---|---|---|
|||Approved|Paid/adjust||30June|
|Grants payable
following:|consist ofthe|in the year|in|the year|2022f|
|GBDisabled
Snow Sports Team||48,935||334|(48,591)|
|GBBoccieTeam||10.000|||(10,000)|
|GBWheelchair|Rugby Team|30,000|||(30.000)|
|GBWheelchair|Racing Team|21,805||3,932|(17,873)|
|GBWheelchair|Tennis Team|50|||(50)|
|GBPara-Shooting
Team||10,000|||(10,000)|
|||120,790||4,276|(116,514)|
|payments
were|de|layed. Since the year end, 6120,|790ofthe above totals has been|paid.|||
|---|---|---|---|---|---|---|
|||||||As at|
|Grants payable|consist ofthe||Approved|Paid/adjust||30June|
|following:|||in the year|in|the year|2021|
||||||8||
|GBDisabled
Ski||Team|39,877||(123)|(40,000)|
|GBBoccieTeam|||10,000|||(10,000)|
|GBWheelchair|Rugby Team||30,000|||(30,000)|
|GBWheelchair|Racing Team||18,812||973|(17,839)|
|GBWheelchair|Tennis Team||5,933|||(5,933)|
|GBPara-Shooting||Team|10,000|||(10,000)|
||||114,622||850|(113,772)|
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