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|CONTENTS|PAGE|
|---|---|
|Trustees and administrative
details forthe year ended 31 December 2021||
|Trustees report forthe year ended 31 December 2021|2-6|
|Independent
examiners'
report to the Trustees||
|Statement offinancial
activities forthe year ended 31 December 2021||
|Balance sheet as at 31 December 2021||
|Cashflow statement
for the year ended 31 December 2021|10|
|Notes to the financial statements
for the year ended 31 December 2021|11 —21|
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|||Year|ended 31 December 2021|ended 31 December 2021|Year|ended 31 December 2020|ended 31 December 2020|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restdcted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||6||6|6||6|
|Income and endowments|from:|||||||
|Donations,
gifts &legacies|3|236,280|257,950|494,230|326,010|364,446|690,456|
|Investments||21,562||21,562|25,990||25,990|
|Other Income||1,234||1,234|1,405||1,405|
|Total Income and||||||||
|endowments||259,076|257,950|517,026|353,405|364,446|717,851|
|Expenditure
on:||||||||
|Charitable
activities||518,853|211,174|730,027|455,527|231,961|687,488|
|Net expenditure
/ (income)||||||||
|before other recognised||(259,777)|46,776|(213,001)|(102,122)|132,485|30,363|
|gains||||||||
|Other recognised gains:||||||||
|Net gains on investments|9|112,936||112,936|70,763||70,763|
|Net movement
on funds||(146,841)|46,776|(100,065)|(31,359)|132,485|101,126|
|Reconciliation offunds||||||||
|Total funds brought||||||||
|forward||2,510,926|149,788|2,660,714|2,542,285|17,303|2,559,588|
|Total funds carried||||||||
|forward|14|2,364,085|196,564|2,560,649|2,510,926|149,788|2,660,714|
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|||||31 December|31December|
|---|---|---|---|---|---|
||||Note|2021f|2020f|
|Fixed assets||||||
|Tangible assets||||1,115,792|1,138,204|
|Invesbnent|—securities|||1,305,218|1,287,903|
|||||2,421,010|2,426,107|
|Current assets||||||
|Debtors|||10|29,799|30,661|
|Cash at bank and in hand|||11|131,661|219,073|
|||||161,460|249,734|
|Current liabilities||||||
|Creditors: amounts||falling due within one year|12|(21,821)|(15,127)|
|Net current|assets|||139,639|234,607|
|Net assets||||2,560,649|2,660,714|
|The funds|ofthe Charity|||||
|Unrestricted|funds|||1,620,086|1,760,927|
|Designated|funds|||523,499|523,499|
|Revaluation|reserve|||220,500|226,500|
|Unrestricted|funds||14b|2,364,085|2,510,926|
|Restricted|funds||14c|196,564|149,788|
|Total Charity funds||at 31 December 2021|14|2,560,649|2,660,714|
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|||||||31 December|31 December|
|---|---|---|---|---|---|---|---|
||||||Note|2021|2020|
|||||||6|6|
|Cashflows
from operating||activities||||||
|Net (expenditure)/incoms|for the year|||||(100,065)|101,126|
|Depreciation||||||37,412|33,531|
|(Gains) on investments||||||(112,936)|(70,763)|
|Decrease in debtors||||||862|41,959|
|Increase
in creditors||||||6,694|4,251|
|Net cash (used)/generated||from|operating|activities||(168,033)|101,602|
|Cashflows from investing||activities||||||
|Purchase oftangible fixed|assets|||||(15,000)||
|Purchase of investments
Proceeds on sale ofinvestments||||||(383,009)
478,630|(179,363)
224,607|
|Net cash generated
in investing|||activities|||80,621|45,244|
|(Decrease)/increase
in cash and cash equivalents||||||(87,412)|146,846|
|in the year||||||||
|Cash and cash equivalents||at the|beginning|ofthe year||219,073|72,227|
|Cash and cash equivalents||at the end of||the year||131,661|219,073|
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|||||Yearended|Yearended|
|---|---|---|---|---|---|
|||||31December|31 December|
|||||2021|2020|
|||||8||
|Dividends
received||||21,546|25,881|
|Interest receivable||||16|109|
|||||21,562|25,990|
|RESOURCES EXPENDED||||||
|(a)
Resources expended||in 2021||||
||||Unrestricted|Restricted||
||||Funds|funds|Total|
|||||8||
|Charitable
activities||||||
|Family Basics|||204,517|26,986|231,503|
|Smart Start (school uniform)|||148,368|66,729|215,097|
|Christmas Appeal||||103,866|103,866|
|Books for Ever|||49,301|12,575|61,876|
|Other activities|||9,726|1,018|10,744|
|Fund raising|||106,941||106,941|
|Total resources expended|2021||518,853|211,174|730,027|
|(b)
Resources expended||in 2020||||
||||Unrestricted|Restricted||
||||Funds
8|funds
6|Totalf|
|Charitable
activities||||||
|Family Basics|||163,529|72,982|236,511|
|Smart Start (school uniform)|||156,478|33,262|189,740|
|Christmas
Appeal||||114,887|114,887|
|Books for Ever|||41,709|10,300|52,009|
|Other activities|||10,021|530|10,551|
|Fund raising|||83,790||83,790|
|Total resources expended|2020||455,527|231,961|687,488|
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|(c)
Reso|urces|expended
by type in|expended
by type in|2021|||||
|---|---|---|---|---|---|---|---|---|
|||Smart Start|||||||
|||Family|(school|Christmas|Books|Other|Fund||
|||Basics
6|uniform)
6|Appeal
6|for Ever
f|Activities|Raising
6|Total
6|
|Staff costs||121,002|39,221|18,551|18,551|9,351|83,738|290,414|
|Establishment|costs|23,006|7,987|12,359|12,359||2,661|58,372|
|Administration|costs|11,491|11,491|11,491|10,574||18,341|63,388|
|Project costs||60,599|149,796|54,863|13,790|1,393||280,441|
|Depreciation||15,405|6,602|6,602|6,602||2,201|37,412|
|Total resources|||||||||
|expended
in|2021|231,503|215,097|103,866|61,876|10,744|106,941|730,027|
|Expenditure|is allocated on an||actual basis.||||||
|(d)
Resources||expended|by type in|2020|||||
|||Smart Start|||||||
|||Family|(school|Christmas|Books|Other|Fund||
|||Basics|uniform)|Appeal|for Ever|Activities|Raising|Total|
|||8|6|6|8|6|6|6|
|Staff costs||136,560|38,229|20,620|18,298|9,334|52,231|275,272|
|Establishment|costs|20,230|7,032|10,858|10,860||2,345|51,325|
|Administration|costs|9,377|9,378|9,377|5,946||27,538|61,616|
|Project costs||56,608|129,061|67,992|10,865|1,217||265,743|
|Depreciation||13,736|6,040|6,040|6,040||1,676|33,532|
|Total resources|||||||||
|expended
in|2020|236,511|189,740|114,887|52,009|10,551|83,790|687,488|
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|The average|week|ly number offu|ll-time equivalent
e|mployees
who we|re paid was as follows|:|
|---|---|---|---|---|---|---|
||||||Yearended|Yearended|
||||||31December|31December|
||||||2021|2020|
|Direct charitable||activities|||12|10|
|Management|and administration||||3|3|
||||||15|13|
|TANGIBLE FIXEDASSETS|||||||
||||Freehold||Furniture 8||
||||property|Van|equipment|Total|
||||||6||
|At 1 January|2021||1,500,501|30,000|35,016|1,565,517|
|Additions||||15,000||15,000|
|Disposals||||(30,000)||(30,000)|
|At 31 December||2021|1,500,501|15,000|35,016|1,550,517|
|Depreciation|||||||
|At 1 January|2021||367,279|30,000|30,034|427,313|
|Charge|||30,010|5,000|2,402|37,412|
|Disposals||||(30,000)||(30,000)|
|At 31 December||2021|397,289|5,000|32,436|434,725|
|Net book value|||||||
|At 31 December||2021|1,103,212|10,000|2,580|1,115,792|
|Net book value|||||||
|At 31 December||2020|1,133,222||4,982|1,138,204|
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||||31December|31 December|
|---|---|---|---|---|
||||2021|2020|
|||||8|
|Historical cost|||1,200,501|1,200,501|
|Accumulated|depreciated|based on cost|(317,739)|(293,739)|
||||882,762|906,762|
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||||||31December|31|December|
|---|---|---|---|---|---|---|---|
||||||2021||2020|
||||||6||6|
|Market value||||||||
|At 1 January 2021|||||1,287,903||1,262,384|
|Additions|||||383,009||179,363|
|Sale proceeds|||||(478,630)||(224,607)|
|Realised and unrealised||bonus/profits|||112,936||70,763|
|Market Value at 31December 2021|||||1,305,218||1,287,903|
|Fixed interest securities|||||297,609||312,061|
|Equities
in Unit Trusts|||||1,007,609||975,842|
|Investment
assets|||||1,305,218||1,287,903|
|Individual
investments|which comprised|||more than 5%ofthe market value ofthe total||porffolio|were:|
|Ml Select Managers|North American||Equity||110,663|||
|Vanguard
Funds Pic|||||86,098|||
|The historical cost of|the|investments|is|f1,095,201 at 31 December 2021 (2020:kt,112,780).||||
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|DEBTORS||||
|---|---|---|---|
|||31December|31December|
|||2021|2020f|
|Amounts
falling due within one year||||
|Income tax|recoverable|3,887|4,905|
|Accrued income||5,284|8,916|
|Investment|income|1,958|1,387|
|Prepayments||18,670|15,453|
|||29,799|30,661|
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||||31December|31 December|
|---|---|---|---|---|
||||2021|2020|
|||||8|
||Cash in hand and at bank||131,661|219,073|
||||131,661|219,073|
|12.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||31December|31 December|
|---|---|---|
||2021|2020|
|Other creditors|10,234|4,330|
|Accruals|11,587|10,797|
||21,821|15,127|
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||||31December|31December|
|---|---|---|---|---|
||||2021|2020|
|Financial assets|||||
|Financial assets measured|at fair value through|income and|||
|expenditure|||1,305,218|1,287,903|
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|Total|res|erv|es are represen|ted
by the following:||||||
|---|---|---|---|---|---|---|---|---|---|
|||||31 December|2021||31 December|2020||
|||||||8|8||E|
|Freehold
building|||&other|||||||
|fixed assets|||||1,115,792|||1,138,204||
|Investments|||||1,305,218|||1,287,903||
|Net current|assets:|||||||||
|Unrestricted||||(580,424)|||(438,680)|||
|Designated||||523,499|||523,499|||
|Restricted||||196,564|||149,788|||
|||||||139,639|||234,607|
||||||2,560,649|||2,660,714||
|(b)
Unrestricted|||funds 2021|||||||
|||||Unrestricted|Designated||Revaluation|||
|||||funds||funds|reserve||Total|
|||||8|||6|||
|At 1 January|2021|||1,760,927||523,499|226,500|2,510,926||
|Net movement||of|funds during|||||||
|the year||||(146,841)||||(146,841)||
|Depreciation|on|revaluated||||||||
|portion of land and|||building|6,000|||(6,000)|||
|At 31 December 2021||||1,620,086||523,499|220,500|2,364,085||
|Unrestricted|funds 2020|||||
|---|---|---|---|---|---|
|||Unrestricted|Designated|Revaluation||
|||funds|funds|reserve|Total|
||||8|8|5|
|At 1 January|2020|1,786,286|523,499|232,500|2,542,285|
|Net movement
offunds during||||||
|the year||(31,359)|||(31,359)|
|Depreciation|on revaluated|||||
|portion ofland and building||6,000||(6,000)||
|At 31 December 2020||1,760,927|523,499|226,500|2,510,926|
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|||31December|Movement|in resources|31 December|
|---|---|---|---|---|---|
|||2020f|Income
f|Expenditure
f|2021
f|
|Christmas|Appeal|149,788|150,642|(103,866)|196,564|
|Smart Start (school uniform)|||66,729|(66,729)||
|Family Basics|||26,986|(26,986)||
|Books for|Ever||12,575|(12,575)||
|Others|||1,018|(1,018)||
|||149,788|257,950|(211,174)|196,564|
|The restricted reserves are held to buy toys and|||other items for charitable purposes.|||
|Restricted|funds 2020|||||
|These are|resbicted funds to be used exdusively||forexpenses
relating tothe areas below:|||
|||31 December|Movement|in resources|31 December|
|||2019f|Income|Expenditure
f|2020|
|Christmas|Appeal||264,675|(114,887)|149,788|
|Smart Start (school uniform)|||33,262|(33,262)||
|Family Basics||17,113|55,869|(72,982)||
|Books for|Ever||10,300|(10,300)||
|Others||190|340|(530)||
|||17,303|364,446|(231,961)|149,788|
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