THE ERASMUS DARWIN FQiJNDATION
COUNCIL OF mANAGEmE's REPORT AND ACCOUNTS FOR THE YEAR
ENDED 31 ocfoBER 2020
Company number: 3270753
Chari
umber
1063528
Pftge I
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|||Page|
|---|---|---|
|Council of Management's|report|3-8|
|Statement offinancial activities||10|
|Balance Sheet||11 - 12|
|Statement ofCash Flow||13|
|Notes to the accounts||14—24|
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|Secretary||D W Anderton||
|---|---|---|---|
|Charity number||1063528||
|Company|number|3270753||
|Principal|address|||
|and registered office||Erasmus Darwin House||
|||Beacon Street||
|||Lichfield||
|||Staffordshire|WS13 7AD|
|Accountants||Mortimer, BeckI?.Brookes||
|||8Bore Street||
|||Lichfield||
|||Staffordshire|WS136LL|
|||Nat West PLC||
|||Market Street||
|||Lichfield||
|||Staffbrdshire||
|Solicitors||Ansons LLP||
|||StMarys Chambers||
|||5Breadmarket|Street|
|||Lichfield||
|||Staffordshire|WS136LQ|
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|EXPENDITURE ACCOU
Fortheyearended31 October|NT)
2020||||||
|---|---|---|---|---|---|---|
||||2020|2020|2020|2019|
||Notes||||||
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|Itt900Le
Donations
and grants
Charitable
activities
Investment
income|2
3
4||112~9
8,799
31|(note 15)
6,000|118~9
8,799
31|78,471
36,896
413|
|Total incoming resources|||121,089|6,000|127,089|115,780|
|Egggnddiiuig|||||||
|Costs ofgenerating
voluntary
mcome|||10,137||10,137|11,809|
|Direct charitable
expenditure|||9,035|6,677|15,712|23,777|
|Fundraising
costs|||308||308||
|-Management
dt administration|||57,779|4,157|61,936|84,448 .|
|Total resources expended|||77~9|10,834|88,093|120391|
|Net movement
in funds||5|43,830|(4,834)|38,996|(4,511)|
|Reconciliation offunds:|||||||
|Total funds brought forward|||34,694|25,891|60,585|65,096|
|Total ftmds carried forward|||78,524|21,057|99,581|60,585|
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|BALANCE SHEE|TASAT31 OCT|OBER 202|0||||
|---|---|---|---|---|---|---|
|||Notes||2020||2019f|
|Fixed assets|||||||
|Tangible assets||10||9,186||15,109|
|Current assets|||||||
|Stocks|||3,500||3,500||
|Debtors||11|7,494||9,356||
|Cash at bank and m|hand||86,487||36,678||
||||97,481||49,534||
|Creditors: amounts|falling due within||||||
|one year||12|(7,086)||(4,058)||
|Net currutt assets||||90,395||45,476|
|Net assets||||99,581||60,585|
|||||78,524||34,694|
|||||21,057||25,891|
|||||99,581||60,585|
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|STA~ OF CASH|FLOW|||||
|---|---|---|---|---|---|
|Year ended 31October 2020||||||
||||Notes|2020|2019|
|Cash in/out
flow flom operating
activities|||13|49,778|179|
|Net cash flow flom operating
activities||||49,778|179|
|Cash flow flom investing|activities|||||
|Interest received||||31|413|
|Net cash flow flom investing
activities||||31|413|
|Net increase||||||
|in cash and cash equivalents||||49,&09|592|
|Cash and cash equivalents|brought|forward||36,678|36,086|
|Cash and cash equivalents|carried|forward||86,487|36,678|
|Cash and cash equivalents|consist|ofl||||
|Cash at bank and in hand||||86,487|36,678|
|Cash and cash equivalents|at31October 2020|||86,487|36,678|
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||||2020|2020|2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||Funds|Funds|Total|Total|
|2
Income from|Donations||and legacies||||
|Grants|||36,848|6,000|42,848|5,216|
|Emergency
grants
Local Autborides|||28/83
2,000||28,583
2,000|35/81|
|Donations|||44,828||44,828|37,974|
||||112~9|6,000|118459|78,471|
|3
Income from Charitable|||Activities||||
|Admissions
Books guides and
Contract lettings
"Other mcoine|souvenirs||3,009
2/56
970||3009
~56
970|4,688
7388
10,962
1343|
|Events and catering|||2,564||2,564|12,715|
||||8,799||8,799|36,896|
|4
Investment|income||||||
|Interest receivable|||31||31|413|
|5
Net movement||in funds|||||
|This is stated after||charging.|||||
|Depreciation|||442|5,481|5,923|7,178|
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|6
Total resources expended|||2020|2019|
|---|---|---|---|---|
||Unrestricted|Restricted|||
||Fundsf|funds|Total|Total|
|Costs ofGenerating|||||
|Voluntary
Income
Salaries|10,137||10,137|11,809|
||10,137||10,137|11,809|
|Direct Charitable|||||
|Expenditure
Direct costs ofsale
Repairs and maintenance
Cleaning
Depreciation|3,806
4,460
327
442|682
514
5,481|4,488
4,974
327
5,923|10,994
4,901
704
7,178|
||9,035|6,677|15,712|23,777|
|Fundraising
costs
Advertising|308||308|257|
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|6
Total resources expended|||||
|---|---|---|---|---|
||||2020|2019|
||Unrestricted|Restricted|||
||Funds|funds|Total|Total|
|Management
and Adm'nistration
Salaries|20373||20473|24,617|
|Pension|375||375|391|
|Training
Project Management
Rent
Heat, light and water
Postage Stationery
and IT
Telephone
13ank charges
Suhscriptions
Insurance|60
21,629
5~1
1,935
2,027
339
302
5,588|3,575
582|60
3,575
21,629
5351
2,517
2,027
339
302
5,588|20,744
21,482
7399
2,745
1,571
128
90
5/81|
||57,779|4,157|61@36||
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|8
Staffcosts and n|8
Staffcosts and n|umbers||||
|---|---|---|---|---|---|
|Number ofemployees||||||
|The average monthly||number ofemployees|during the period was:|||
|||||2020|2019|
|||||Number|Number|
|Management||||||
|Admhistration|and support|||||
|9
Analysis ofnet assets betweea funds||||
|---|---|---|---|
||General|Restrictedf|Total|
|Tangible fixed assets|706|8,480|9,186|
|Current assets|84,904|12,577|97,481|
|Current liabilities|(7,086)||(7,086)|
|Net assets at 31October 2020|78,524|21,057|99,581|
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|NOTES FORMING PART OFTHE FINANC|IAL STATEMENTS.||
|---|---|---|
|10 Tangible fhed assets|||
|||Fixtures,|
|||fittings dt|
|||equipment|
|||2020|
|Cost|||
|At 1November 2019||224,761|
|At31October 2020||224,761|
|Depreciation|||
|At 1November 2019||209,652|
|Charge for the period||5,923|
|At 31October 2020||215,575|
|Net book value|||
|**.**At31October 2020||9,186|
|At31 October2019||15,109|
|11 Debtors|||
||2020|2019f|
|Trade debtors|2,954|5,304|
|Other debtors|4,540|4,052|
||7,494|9,356|
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|NOTES FORMING|PART OFTHE|FINANCIAL STAT|EMENTS.||
|---|---|---|---|---|
||||2020|2019|
|12 Creditors: amounts|falling due within|one year|||
|Trade creditors|||7,086|4,058|
||||7,086|4,058|
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||||2020|2019|
|---|---|---|---|---|
|Net mcome for year|||38,996|(4411)|
|Interest received|||(31)|(413)|
|Depreciation
and impairment
Decrease/(increase)
in debtors||oftangil&le fixed assets|5,923
1,863|7,178
(1,911)|
|Increase/(Decretne)|h creditors||3,027|(164)|
|Net cash Qow &am|operating|activities|49,778|179|
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|15
Analysis ofmov|ements
in|restricted
fuads||||
|---|---|---|---|---|---|
|||Balance|Income|Expenditure|Balaace|
|||1.112019||8|31.102020
f|
|Young Roots Pmject||12,012||(4,839)|7,173|
|Surgery and inventions
refurbishment|mom|13,879||(5,481)|8398|
|Garden|||1,000|(514)|486|
|Staircase refurbishment|||5,000||5,000|
|||25,891|6,000|(10,834)|21,057|
|Analysis ofmov|ements
in|restricted
funds|—previous|year||
|---|---|---|---|---|---|
|||Balance|Income|Expenditure|Balance|
|||1.112018|||31.102019|
||||||8|
|Art Project||2,487||(2,487)||
|Young Roots Project|||32,800|(20,778)|12,012|
|Surgery and inventions|room|||||
|refurbishment||20,132||(6353)|13,879|
|||22,619|32,800|(29,528)|25,891|
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||2020|2019|
|---|---|---|
|||8|
|Withm one year|22,552|21,852|
|Later than one and not later than five years|57,506|80,058|
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