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2021-12-31-accounts
Claire Sutherland
15/06/22
|
|
Unrestricted |
Restricted |
Endowment |
Endowment |
Total |
Total |
|
Note |
funds |
funds |
funds |
|
funds |
funds |
|
|
2021 |
2021 |
2021 |
|
2021 |
2020 |
|
|
£'000 |
£'000 |
£'O00 |
|
£'O00 |
£'000 |
|
|
|
|
|
|
|
(Note 25) |
| INCOME FROM: |
|
|
|
|
|
|
|
| Donations and legacies |
2 |
930 |
1,644 |
|
|
2,574 |
3,916 |
| Charitable activities |
|
905 |
|
|
|
905 |
833 |
| Other trading activities: |
|
|
|
|
|
|
|
| Fundraising events |
|
881 |
79 |
|
|
960 |
322 |
| Investments |
3 |
226 |
|
|
|
226 |
238 |
| Other income |
|
4 |
|
|
|
4 |
47 |
| TOTAL INCOME |
|
2,946 |
1,723 |
|
|
4,669 |
5,356 |
| EXPENDITURE ON: |
|
|
|
|
|
|
|
| Raising funds |
|
762 |
|
|
|
762 |
399 |
| Charitable activities |
|
1,903 |
1,734 |
|
19 |
3,656 |
3,305 |
| TOTAL EXPENDITURE |
4 |
2,665 |
1,734 |
|
19 |
4,418 |
3,704 |
| NET INCOME/(EXPENDITURE) BEFORE |
|
281 |
(11) |
|
(19) |
251 |
1,652 |
| GAINS AND LOSSES ON INVESTMENTS |
|
|
|
|
|
|
|
| Net (losses)/gains on investments |
10 |
1,742 |
|
|
216 |
1,958 |
(1,782) |
| NET INCOME/(EXPENDITURE) FOR THE |
|
|
|
|
|
|
|
| YEAR |
|
2,023 |
(11) |
|
197 |
2,209 |
(130) |
| Transfers between funds |
|
147 |
1,924 |
2,071) |
|
|
|
| NET MOVEMENTS IN FUNDS |
|
2,170 |
1,913 |
(1,874) |
|
2,209 |
(130) |
| Reconciliation of funds: |
|
|
|
|
|
|
|
| Balances brought forward |
|
18,910 |
8,215 |
2,723 |
|
29,848 |
29,978 |
| Balances carried forward |
|
21,080 |
10,128 |
|
849 |
32,057 |
29,848 |
|
|
2021 |
|
2020 |
|
|
|
Group |
Charity |
Group |
Charity |
|
Note |
£'000 |
£'000 |
£'000 |
£'0O0 |
| FIXED ASSETS |
|
|
|
|
|
| Intangiblefixed assets |
8 |
160 |
|
162 |
|
| Tangible fixed assets |
9 |
15,522 |
1,720 |
15,607 |
1,686 |
| Investments: |
|
|
|
|
|
| Investments |
10 |
16,531 |
16,100 |
14,573 |
12,335 |
| Programme related investments |
11 |
59 |
59 |
58 |
58 |
|
|
32,272 |
17,879 |
30,400 |
14,079 |
| CURRENT ASSETS |
|
|
|
|
|
| Debtors |
12 |
961 |
915 |
678 |
668 |
| Cash at bank and in hand |
|
1,162 |
222 |
1,186 |
389 |
|
|
2,123 |
1,137 |
1,864 |
1,057 |
| LIABILITIES |
|
|
|
|
|
| CREDITORS: amountsfalling due |
13 |
(645) |
(550) |
(683) |
(470) |
| within oneyear |
|
|
|
|
|
| NET CURRENTASSETS |
|
1,478 |
587 |
1,181 |
587 |
| TOTALASSETS LESS CURRENT LIABILITIES |
|
33,750 |
18,466 |
31,581 |
14,666 |
| CREDITORS: amountsfalling due |
14 |
(1,693) |
|
(1,733) |
|
| after morethan oneyear |
|
|
|
|
|
| NET ASSETS |
|
32,057 |
18,466 |
29,848 |
14,666 |
| THE FUNDS OF THE CHARITY: |
|
|
|
|
|
| Unrestrictedfunds: |
|
|
|
|
|
| General fund |
|
2,112 |
1,329 |
1,737 |
1,270 |
| Designatedfunds: |
|
|
|
|
|
| Other designatedfunds |
|
18,950 |
14,413 |
17,173 |
12,888 |
| Total unrestrictedfunds |
|
21,062 |
15,742 |
18,910 |
14,158 |
| Restrictedfunds: |
|
|
|
|
|
| Other restrictedfunds |
|
10,146 |
2,724 |
8,215 |
508 |
| Total restrictedfunds |
|
10,146 |
2,724 |
8,215 |
508 |
| Endowment funds |
|
849 |
|
2,723 |
|
| TOTAL FUNDS |
15/16 |
32,057 |
18,466 |
29,848 |
14,666 |
|
Note |
2021 |
2020 |
|
|
£'000 |
£'000 |
| Cash provided by operating activities |
18 |
204 |
2,144 |
| Cashflows from investing activities: |
|
|
|
| Purchase oftangible fixed assets |
|
(188) |
(353) |
| Purchase of investments |
|
|
(6,302) |
| Proceedsfrom sale of investments |
|
|
5,302 |
| Netcash usedin investing activities |
|
(188) |
(1,353) |
| Cashflows from financing activities |
|
|
|
| Repaymentof loans |
|
(40) |
(41) |
| Net (decrease)/increasein cash and cash equivalents |
|
(24) |
750 |
| Cash and cash equivalents at 1 January |
18 |
1,186 |
436 |
| Cash and cash equivalents at31 December |
18 |
1,162 |
1,186 |
| 2.DONATIONS, LEGACIES AND GRANTS |
|
|
|
2021 |
2020 |
|
£'O0O |
£'O00 |
| Donations |
377 |
1,848 |
| Legacies |
330 |
269 |
| Grants |
1,867 |
1,799 |
|
2,574 |
3,916 |
|
2021 |
2020 |
|
£'000 |
£'O00 |
| Interest receivable |
1 |
1 |
| Dividends received from investment and unit trusts |
225 |
237 |
|
226 |
238 |
|
Activities |
Grant |
Grant |
|
|
|
|
undertaken |
funding |
of |
Support |
|
|
|
directly |
activities |
|
costs |
Total |
Total |
|
2021 |
2021 |
|
2021 |
2021 |
2020 |
|
£'000 |
£'000 |
|
£'000 |
£'000 |
£'000 |
| Cost of raising funds |
|
|
|
|
|
|
| Fundraising |
111 |
|
|
64 |
175 |
146 |
| Fundraising events: |
523 |
|
|
64 |
587 |
253 |
|
634 |
|
|
128 |
762 |
399 |
| Charitable activities |
|
|
|
|
|
|
| Advice and Guidance |
481 |
|
69 |
237 |
787 |
660 |
| Financial assistance |
3 |
|
22.7 |
|
230 |
244 |
| Welfare Projects |
1,064 |
|
|
261 |
1,325 |
1,186 |
| Healthy living & well-being |
69 |
|
81 |
|
150 |
84 |
| Community |
1 |
|
|
|
1 |
1 |
| Housing |
889 |
|
|
112 |
1,001 |
973 |
| Communications and advocacy |
126 |
|
|
36 |
162 |
157 |
|
2,633 |
|
377 |
646 |
3,656 |
3,305 |
| TOTAL EXPENDITURE |
3,267 |
|
377 |
774 |
4,418 |
3,704 |
|
Grantsto |
Grants |
to |
|
|
|
individuals |
institutions |
|
Total |
Total |
|
2021 |
2021 |
|
2021 |
2020 |
|
£'O0O |
£'00O |
|
£'000 |
£'000 |
| Advice & guidance |
|
|
69 |
69 |
68 |
| Financial assistance |
227 |
|
|
227 |
238 |
| Healthy living and well-being |
|
|
81 |
81 |
60 |
|
227 |
|
150 |
377 |
366 |
|
|
|
|
2021 |
2020 |
|
|
|
|
£'000 |
£'000 |
| Payments to individuals |
|
|
|
227 |
238 |
| Racing Centre |
|
|
|
44 |
35 |
| Life Skills |
|
|
|
37 |
25 |
| Sports Chaplaincy UK |
|
|
|
69 |
68 |
|
|
|
|
377 |
366 |
| 4. TOTAL EXPENDITURE (continued) |
4. TOTAL EXPENDITURE (continued) |
|
|
|
|
|
|
| Support costs allocation |
Human |
Admin |
Premises |
IT |
Governance |
|
|
|
Resources |
Costs |
Costs |
Costs |
Costs |
Total |
Total |
|
2021 |
2021 |
2021 |
2021 |
2021 |
2021 |
2020 |
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
| Cost of raising funds |
|
|
|
|
|
|
|
| Cost of fundraising, fundraising |
|
|
|
|
|
|
|
| events and trading |
75 |
23 |
8 |
2 |
20 |
128 |
93 |
| Charitable activities |
|
|
|
|
|
|
|
| Advice & guidance |
140 |
42 |
15 |
4 |
36 |
237 |
169 |
| Welfare Projects |
181 |
54 |
20 |
6 |
|
261 |
257 |
| Housing |
54 |
16 |
6 |
2 |
34 |
112 |
71 |
| Communications and advocacy |
21 |
6 |
2 |
1 |
6 |
36 |
46 |
| TOTAL SUPPORT COSTS |
471 |
141 |
51 |
15 |
96 |
774 |
636 |
| 6. STAFF COSTS |
|
|
|
2021 |
2020 |
|
£'O00 |
£'000 |
| Wages and salaries |
1,561 |
1,424 |
| Social security costs |
153 |
140 |
| Pension costs |
147 |
125 |
|
1,861 |
1,689 |
| The number of employees who received total employee |
|
|
| benfits (excluding pension contributions) of more than |
|
|
| £60,000 was as follows: |
2021 |
2020 |
| £60,000 - £70,000 |
|
1 |
| £80,000 - £90,000 |
|
1 |
| £100,000 - £110,000 |
1 |
|
| £110,000 - £120,000 |
|
|
| £120,000 - £130,000 |
1 |
|
| The average numberof employees, analysed by function, was: |
|
|
|
2021 |
2020 |
|
No |
No |
| Charitable activities |
37 |
33 |
| Fundraising |
7 |
6 |
| Management and administration of the Charity |
8 |
8 |
|
52 |
47 |
| S. INTANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
|
Nomination |
|
| Group |
|
|
|
Rights |
|
|
|
|
|
£'O00 |
|
| Cost |
|
|
|
|
|
| At 1 January 2021 and at 31 December2021 |
|
|
|
|
198 |
| Amortisation |
|
|
|
|
|
At
1 January 2021 |
|
|
|
|
36 |
| Charge for the year |
|
|
|
|
2 |
| At 31 December2021 |
|
|
|
|
38 |
| Netbook value |
|
|
|
|
|
| At 31 December2021 |
|
|
|
|
160 |
| At 31 December 2020 |
|
|
|
|
162 |
| 9. TANGIBLE FIXEDASSETS |
|
|
|
|
|
| Group |
Assets |
Freehold |
|
Equipment |
|
|
under |
land and |
Leasehold |
and motor |
|
|
**development ** |
buildings |
buildings |
vehicles |
Total |
|
|
£'0O0 |
£'000 |
£'O00 |
£'000 |
| Cost or deemed cost |
|
|
|
|
|
| At 1 January2021 |
|
15,669 |
341 |
1,254 |
17,264 |
| Additions |
19 |
28 |
|
211 |
258 |
| Disposals |
|
|
|
(54) |
(54) |
| At 31 December 2021 |
19 |
15,697 |
341 |
1,411 |
17,468 |
| Depreciation |
|
|
|
|
|
| At 1 January2021 |
|
1,179 |
54 |
424 |
1,657 |
| Charge forthe year |
|
228 |
8 |
107 |
343 |
| Disposals |
|
|
|
(54) |
(54) |
| At 31 December 2021 |
|
1,407 |
62 |
477 |
1,946 |
| Net book value |
|
|
|
|
|
| At 31 December 2021 |
19 |
14,290 |
279 |
934 |
15,522 |
At
31 December 2020 |
|
14,490 |
287 |
830 |
15,607 |
9. TANGIBLE FIXED ASSETS (continued)
|
|
|
|
| Charity |
Freehold |
Equipment |
|
|
land and |
and motor |
|
|
buildings |
vehicles |
Total |
|
£'000 |
£'00O |
£'0O0 |
| Cost or deemed cost |
|
|
|
| At 1 January 2021 |
1,691 |
316 |
2,007 |
| Additions |
28 |
46 |
74 |
| Disposals |
|
(48) |
(48) |
| At 31 Decem_ber_ 2021 |
1,719 |
314 |
2,033 |
| Depreciation |
|
|
|
| At 1 January2021 |
64 |
257 |
321 |
| Charge forthe year |
13 |
27 |
40 |
| Disposals |
|
(48) |
(48) |
| At 31 December 2021 |
77 |
236 |
313 |
| Net book value |
|
|
|
| At 31 December 2021 |
1,642 |
78 |
1,720 |
| At 31 December 2020 |
1,627 |
59 |
1,686 |
| Historic cost |
2021 |
2020 |
|
£'000 |
£'000O |
| Group |
|
|
| Gross cost |
14,620 |
14,431 |
| Accumulated depreciation on historic cost |
(2,828) |
(2,554) |
|
11,792 |
11,877 |
| Charity |
|
|
| Gross cost |
1,719 |
1,691 |
| Accumulated depreciation on historic cost |
(77) |
(64) |
|
1,642 |
1,627 |
| 10. INVESTMENTS HELD AS FIXED ASSETS |
|
|
|
|
|
Group |
Charity |
Group |
Charity |
|
2021 |
2021 |
2020 |
2020 |
|
£'000 |
£'000 |
£'000 |
£'000 |
| Listed securities: |
|
|
|
|
| Marketvalue at 1 January |
14,558 |
12,320 |
15,340 |
12,810 |
| Additions |
|
|
6,302 |
5,408 |
| Disposals |
|
|
(5,302) |
(4,408) |
| Transfer from BBR Charity |
|
2,071 |
|
|
| Net investment (losses)/gains |
1,958 |
1,695 |
(1,782) |
(1,490) |
| Marketvalue at 31 December |
16,516 |
16,086 |
14,558 |
12,320 |
| Historic cost at 31 December |
12,772 |
12,988 |
12,772 |
10,917 |
| Listed investments are represented by: |
|
|
|
|
| Trojan Income Fund (S Income) |
7,436 |
5,924 |
5,475 |
4,148 |
| Trojan Fund (S Income) |
5,789 |
6,323 |
5,789 |
4,881 |
| Majedie UK EquityFund X Income Shares |
3,291 |
3,838 |
3,294 |
3,291 |
|
16,516 |
16,085 |
14,558 |
12,320 |
| Trophies |
15 |
15 |
15 |
15 |
|
16,531 |
16,100 |
14,573 |
12,335 |
| Investments in subsidiaries: |
|
|
|
|
|
Group |
Charity |
Group |
Charity |
|
2021 |
2021 |
2020 |
2020 |
|
£'000 |
£'000 |
£'000 |
£'000 |
| At 1 January 2021 |
58 |
58 |
57 |
57 |
| Interest charged |
1 |
1 |
1 |
1 |
| At 31 December 2021 |
59 |
59 |
58 |
58 |
| 12. DEBTORS |
|
|
|
|
|
Group |
Charity |
Group |
Charity |
|
2021 |
2021 |
2020 |
2020 |
|
£'000 |
£'O0O |
£'O00 |
£'000 |
| Due within oneyear |
|
|
|
|
| Trade debtors |
101 |
74 |
34 |
7 |
| Sundry debtors |
12 |
1 |
12 |
1 |
| Duefrom groupcharities |
|
|
|
50 |
| Due from connected charities |
55 |
55 |
55 |
55 |
| Prepayments and accrued income |
771 |
763 |
555 |
533 |
|
939 |
893 |
656 |
646 |
| Sundry debtors due after morethan one year |
22 |
22 |
22 |
22 |
|
961 |
915 |
678 |
668 |
| Sundry debtors dueafter morethan oneyearconsist ofsecured loans of£22k (2020: |
|
£22).These |
loans,made |
for |
| charitable purposes, are secured by legal charges over property. |
|
|
|
|
| 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
| Trade ereditors |
234 |
176 |
101 |
55 |
| Taxation and social securitycosts |
55 |
53 |
49 |
46 |
| Sundry creditors |
13 |
11 |
220 |
221 |
| Accruals and deferred income |
289 |
97 |
257 |
136 |
| Pension contributions |
14 |
13 |
16 |
12 |
| Due to group charities |
|
200 |
|
|
| Mortgages for housing due within 1 year |
40 |
|
40 |
|
|
645 |
550 |
683 |
470 |
| Mortgage on JackJarvis Close |
93 |
93 |
| Loan on Summerhill House |
1,600 |
1,640 |
|
1,693 |
1,733 |
| Analysis of mortgage repayable by instalments: |
|
|
| In less than one year |
40 |
40 |
| Between one and two years |
41 |
41 |
| Between two and five years |
122 |
122 |
| After five years |
1,570 |
1,570 |
|
1,773 |
1,773 |
| TATEMENT OF FUNDS |
|
|
|
|
|
|
|
|
|
At 1 |
|
|
|
|
|
|
At 31 |
| GROUP |
January |
|
|
|
|
Gains/ |
|
December |
|
2021 |
|
|
Income |
Expenditure |
(losses) |
Transfers |
2021 |
|
£'000 |
|
|
£'000 |
£'000 |
£'000 |
£'O00 |
£'00O |
| General reserve |
1,737 |
|
|
2,946 |
(2,382) |
48 |
(237) |
2,112 |
| Designatedfunds: |
|
|
|
|
|
|
|
|
| Income fund |
10,958 |
|
|
|
|
1,676 |
|
12,634 |
| Fixed asset fund |
5,989 |
|
|
|
(246) |
|
487 |
6,230 |
| Housing developmentfund |
186 |
|
|
|
|
|
(186) |
|
| Repairs and maintenancefund |
|
|
|
|
(37) |
|
83 |
46 |
| Extraordinary repairsfund |
|
|
40 |
|
|
|
|
40 |
| Total unrestricted funds |
18,910 |
|
|
2,946 |
(2,665) |
1,724 |
147 |
21,062 |
| Restrictedfunds |
|
|
|
|
|
|
|
|
| Mental Health & Addiction support |
|
|
15 |
322 |
(335) |
|
|
2 |
| Chaplaincy |
|
|
|
19 |
(19) |
|
|
|
| Racing Support Line |
|
|
|
91 |
(72) |
|
(12) |
7 |
| Middleham |
790 |
|
|
60 |
|
|
|
850 |
| CATS |
|
|
35 |
235 |
(235) |
|
|
35 |
| Beneficiaries holidayfund |
|
|
50 |
50 |
|
|
(50) |
50 |
| YP Housingin Newmarket |
|
|
30 |
47 |
|
|
|
77 |
| IMOTim JonesMHFA |
|
|
6 |
4 |
(3) |
|
|
7 |
| Occupational Health |
|
|
81 |
528 |
(551) |
|
|
58 |
| Wellbing Programme Management |
|
|
|
62 |
(62) |
|
|
|
| Epsom Racing StaffWelfare |
|
|
|
32 |
|
|
|
32 |
| Life Skills forthe Young |
|
|
|
4 |
(4) |
|
|
|
| Mental Health Industry Lead |
|
|
|
35 |
(35) |
|
|
|
| Covid Hardship grants |
|
|
|
123 |
(124) |
|
|
|
| Christmas Events |
|
|
|
|
(38) |
|
50 |
12 |
| Welfare Support Officer Newmarket |
|
|
|
15 |
(15) |
|
|
|
| Malton Office |
|
|
|
13 |
(13) |
|
|
|
| Rank Foundation |
|
|
|
25 |
(25) |
|
|
|
| Phase II Wellbeing |
|
|
|
36 |
(36) |
|
|
|
| Beneficiariesin Berkshire |
|
|
|
2 |
|
|
|
2 |
| Elderyin Yorkshire |
|
|
|
2 |
|
|
|
2 |
| East SuffolkFood Vouchers |
|
|
|
8 |
(8) |
|
|
|
| Checkin and Chat |
|
|
|
10 |
(10) |
|
|
|
| BBR assetsfund |
|
|
|
|
|
18 |
2,071 |
2,089 |
| Housingfor racing people |
7,207 |
|
|
|
(149) |
|
(135) |
6,923 |
| Total restrictedfund |
8,215 |
|
|
1,723 |
(1,734) |
18 |
1,924 |
10,146 |
| Endowment Funds |
|
|
|
|
|
|
|
|
| Housingfor racing people |
|
868 |
|
|
(19) |
|
|
849 |
| Betinck and Beresford |
1,855 |
|
|
|
|
216 |
(2,071) |
|
|
2,723 |
|
|
|
(19) |
216 |
(2,071) |
849 |
| Totalfunds |
29,848 |
|
|
4,669 |
(4,418) |
1,958 |
|
32,057 |
| 15.STATEMENT OF FUNDS(continued) |
15.STATEMENT OF FUNDS(continued) |
|
|
|
|
|
|
|
At 1 |
|
|
|
Investment |
|
At 31 |
| GROUP |
January |
|
|
|
gains I |
|
December |
|
2020 |
Income |
Expenditure |
|
losses |
Transfers |
2020 |
|
£'000 |
£'O00 |
£'000 |
|
£'000 |
£'000 |
£'000 |
| General reserve |
1,175 |
3,835 |
(1,438) |
|
(50) |
(807) |
2,715 |
| Designated funds: |
|
|
|
|
|
|
|
| Income fund |
11,448 |
|
|
|
(1,490) |
(300) |
9,658 |
| Fixed asset fund |
5,958 |
|
(255) |
|
|
608 |
6,311 |
| Housing development fund |
439 |
|
(253) |
|
|
|
186 |
| Extraordinary repairs fund |
40 |
|
|
|
|
|
40 |
| Total unrestricted funds |
19,060 |
3,835 |
(1,946) |
|
(1,540) |
(499) |
18,910 |
| Restricted funds |
|
|
|
|
|
|
|
| Mental Health a Addiction support |
21 |
341 |
(347) |
|
|
|
15 |
| Chaplaincy |
|
10 |
|
(10) |
|
|
|
| Racing Support line |
|
84 |
|
(84) |
|
|
|
| Qatar Racing |
88 |
|
|
|
|
(88) |
|
| Middleham |
192 |
10 |
|
|
|
588 |
790 |
| CATS |
62 |
196 |
(223) |
|
|
|
35 |
| Beneficiaries holiday fund |
40 |
so |
|
|
|
(40) |
50 |
| YP Housing in Newmarket |
44 |
39 |
|
(53) |
|
|
30 |
| IMO Collections |
3 |
|
|
3) |
|
|
|
| IMO Time Jones MHFA |
5 |
4 |
|
(3) |
|
|
6 |
| Occupational Health |
113 |
483 |
(499) |
|
|
(16) |
81 |
| Wellbeing Programme Management |
26 |
22 |
|
(48) |
|
|
|
| Epsom Racing Staff Welfare |
13 |
1 |
|
(14) |
|
|
|
| Mental Health Services |
29 |
|
|
(29) |
|
|
|
| Mental Health Industry Lead |
|
45 |
|
(32) |
|
(13) |
|
| Covid Hardship grants |
|
170 |
(169) |
|
|
|
1 |
| Festive food parcels |
|
5 |
|
(5) |
|
|
|
| Malton office |
|
10 |
|
(10) |
|
|
|
| Welfare Support Officer Newmarket |
24 |
|
|
(24) |
|
|
|
| Housing for racing people |
7,247 |
|
(132) |
|
|
92 |
7,207 |
| Racing Homes strategy report |
|
51 |
|
(51) |
|
|
|
| Housing Support Officer |
24 |
|
|
|
|
(24) |
|
| Total restricted fund |
7,931 |
1,521 |
(1,736) |
|
|
499 |
8,215 |
| Endowment Funds |
|
|
|
|
|
|
|
| Housingfor racing people |
890 |
|
|
(22) |
|
|
868 |
| Betinck and Beresford |
2,097 |
|
|
|
(242) |
|
1,855 |
|
2,987 |
|
|
(22) |
(242) |
|
2,723 |
| Total funds |
29,978 |
5,356 |
(3,704) |
|
(1,782) |
|
29,848 |
|
|
50 |
|
|
|
|
|
| 15. STATEMENT OF FUNDS (continued) |
15. STATEMENT OF FUNDS (continued) |
|
|
|
|
|
|
|
At 1 |
|
|
|
|
|
At 31 |
| CHARITY |
January |
|
|
Expend- |
Gains/ |
|
December |
|
2021 |
|
Income |
iture |
losses |
Transfers |
2021 |
|
£'000 |
|
£'O00 |
£'000 |
£'00O |
£'000 |
£'O00 |
| General reserve |
1,270 |
|
2,012 |
(1,890) |
|
(63) |
1,329 |
| Designated funds: |
|
|
|
|
|
|
|
| Income fund |
10,958 |
|
|
|
1,676 |
|
12,634 |
| Fixed asset fund |
1,744 |
|
|
(40) |
|
75 |
1,779 |
| Housing developmentfund |
186 |
|
|
(186) |
|
|
|
| Total unrestricted funds |
14,158 |
|
2,012 |
(2,116) |
1,676 |
12 |
15,742 |
| Restricted funds |
|
|
|
|
|
|
|
| Mental Health & Addiction support |
|
15 |
322 |
(335) |
|
|
2 |
| Chaplaincy |
|
|
19 |
(19) |
|
|
|
| Racing Support Line |
|
|
91 |
(72) |
|
(12) |
7 |
| Middleham |
290 |
|
60 |
|
|
|
350 |
| CATS |
|
35 |
235 |
(235) |
|
|
35 |
| Beneficiaries holidayfund |
|
50 |
50 |
|
|
(50) |
50 |
| YP Housingin Newmarket |
|
30 |
47 |
|
|
|
77 |
| IMO Tim JonesMHFA |
|
6 |
4 |
(3) |
|
|
7 |
| Occupational Health |
|
81 |
528 |
(551) |
|
|
58 |
| Wellbeing Programme Management |
|
|
62 |
(62) |
|
|
|
| Epsom Racing Staff Welfare |
|
|
32 |
|
|
|
32 |
| Life Skills forthe Young |
|
|
4 |
(4) |
|
|
|
| Welfare Support Officer Newmarket |
|
|
15 |
(15) |
|
|
|
| Mental Health Industry Lead |
|
|
35 |
(35) |
|
|
|
| Covid hardship grants |
|
1 |
123 |
(124) |
|
|
|
| Christmas events |
|
|
|
(38) |
|
50 |
12 |
| Malton Office |
|
|
13 |
(13) |
|
|
|
| Rank Foundation |
|
|
25 |
(25) |
|
|
|
| Phase 11 Wellbeing |
|
|
36 |
(36) |
|
|
|
| Beneficiariesin Berkshire |
|
|
2 |
|
|
|
2 |
| Eldery in Yorkshire |
|
|
2 |
|
|
|
2 |
| East Suffolk Food Vouchers |
|
|
8 |
(8) |
|
|
|
| Checkin and Chat |
|
|
10 |
(10) |
|
|
|
| BBR assetsfund |
|
|
2,071 |
|
19 |
|
2,090 |
|
508 |
|
3,794 |
(1,585) |
19 |
(12) |
2,724 |
| Total funds |
14,666 |
|
5,806 |
(3,701) |
1,695 |
|
18,466 |
| 15. STATEMENT OF FUNDS (continued) |
15. STATEMENT OF FUNDS (continued) |
|
|
|
|
|
|
|
|
**At ** |
1 |
|
|
Investment |
|
At 31 |
|
| CHARITY |
January |
|
|
Expend- |
gains/ |
|
December |
|
|
2020 |
|
Income |
iture |
losses |
Transfers |
2020 |
|
|
£'000 |
|
£'000 |
£'O00 |
£'000 |
£'000 |
£'000 |
|
| General reserve |
1,014 |
|
2,996 |
(1,716) |
|
(1,024) |
1,270 |
|
| Designated funds: |
|
|
|
|
|
|
|
|
| Income fund |
11,448 |
|
|
|
(1,490) |
1,000 |
10,958 |
|
| Fixed asset fund |
1,706 |
|
|
(55) |
|
93 |
1,744 |
|
| Housing development fund |
|
439 |
|
(253) |
|
|
186 |
|
| Total unrestricted funds |
14,607 |
|
2,996 |
(2,024) |
(1,490) |
69 |
14,158 |
|
| Restricted funds |
|
|
|
|
|
|
|
|
| Mental Health & Addiction support |
|
21 |
341 |
(347) |
|
|
|
15 |
| Chaplaincy |
|
|
10 |
(10) |
|
|
|
|
| Racing Support Line |
|
|
84 |
(84) |
|
|
|
|
| Qatar Racing |
|
88 |
|
|
|
(88) |
|
|
| Database |
|
|
|
|
|
|
|
|
| Middleham |
|
192 |
10 |
|
|
88 |
290 |
|
| CATS |
|
62 |
196 |
223) |
|
|
|
35 |
| Beneficiaries holiday fund |
|
40 |
50 |
|
|
(40) |
|
50 |
| YP Housing in Newmarket |
|
44 |
39 |
(53) |
|
|
|
30 |
| IMO Collections |
|
3 |
|
(3) |
|
|
|
|
| IMO Tim Jones MHFA |
|
5 |
4 |
(3) |
|
|
|
6 |
| Occupational Health |
|
113 |
483 |
(499) |
|
(16) |
|
81 |
| Wellbing Porgramme Management |
|
26 |
22 |
(48) |
|
|
|
|
| Epsom Racing Staff Welfare |
|
13 |
1 |
(14) |
|
|
|
|
| Mental Health Services |
|
29 |
|
(29) |
|
|
|
|
| Covid hardship grants |
|
|
170 |
(169) |
|
|
|
1 |
| Festive food parcels |
|
|
5 |
(5) |
|
|
|
|
| Malton Office |
|
|
10 |
(10) |
|
|
|
|
|
|
636 |
1,425 |
(1,497) |
|
(56) |
508 |
|
| Total funds |
15,243 |
|
4,421 |
(3,521) |
(1,490) |
13 |
14,666 |
|
|
Endowment |
|
|
Total |
|
& Restricted |
Designated |
General |
Funds |
|
Funds |
Funds |
Funds |
2021 |
| GROUP |
£'000 |
£'000 |
£'000 |
£'000 |
| Fixed assets |
9,861 |
20,598 |
1,813 |
32,272 |
| Net current assets |
1,134 |
45 |
299 |
1,478 |
| Long-term liabilities |
|
(1,693) |
|
(1,693) |
|
10,995 |
18,950 |
2,112 |
32,057 |
| CHARITY |
|
|
|
|
| Fixed assets |
2,090 |
14,413 |
1,376 |
17,879 |
| Net current assets |
634 |
|
(47) |
587 |
| Long-term liabilities |
|
|
|
|
|
2,724 |
14,413 |
1,329 |
18,466 |
|
Endowment |
|
|
Total |
|
G& Restricted |
Designated |
General |
Funds |
|
Funds |
Funds |
Funds |
2020 |
| GROUP |
£'00O |
£'O0O |
£'O0O |
£'O000 |
| Fixedassets |
9,930 |
18,907 |
1,563 |
30,400 |
| Netcurrentassets |
1,008 |
(1) |
174 |
1,181 |
| Long-term liabilities |
|
(1,733) |
|
(1,733) |
|
10,938 |
17,173 |
1,737 |
29,848 |
| CHARITY |
|
|
|
|
| Fixed assets |
|
12,888 |
1,191 |
14,079 |
| Net current assets |
508 |
|
79 |
587 |
| Long-term liabilities |
|
|
|
|
|
508 |
12,888 |
1,270 |
14,666 |
|
Racing Welfare |
Racing Welfare |
Racing Welfare |
|
|
Racing Homes |
Racing Homes |
|
(Enterprises)limited |
|
|
|
|
|
|
| Basis of consolidation |
100% share capital owned |
|
|
|
|
Controlled by Charity as |
|
|
by Racing Welfare. |
|
|
|
|
sole trustee. |
|
| Activities and objectives |
Commercialtrading in line |
|
|
|
|
Provision of housing. |
|
|
with the objects of |
|
|
the |
|
|
|
|
|
Charitv. |
|
|
|
|
|
|
2021 |
|
2020 |
|
|
2021 |
2020 |
|
£'000 |
|
£'000 |
|
|
£'000 |
£'O0O |
| Income |
|
|
|
|
|
1,111 |
1,632 |
| Expenditure |
|
|
|
|
|
(898) |
(911) |
| Investment gains |
|
|
|
|
|
|
|
| Net profit |
|
|
|
|
|
213 |
721 |
| Fixed assets |
|
|
|
|
|
13,364 |
13,462 |
| Current assets |
|
5 |
|
|
5 |
997 |
686 |
| Liabilities |
|
|
|
|
|
(1,983) |
(1,985) |
| Net assets |
|
5 |
|
|
5 |
12,378 |
12,163 |
| Funds/capital and reserves: |
|
|
|
|
|
|
|
| Unrestricted funds |
|
5 |
|
|
5 |
4,671 |
4,219 |
| Restricted funds |
|
|
|
|
|
7,707 |
7,944 |
|
|
5 |
|
|
5 |
12,378 |
12,163 |
|
The |
Rous Charity |
|
|
|
The Bentinck, Beresford |
|
|
|
|
|
|
|
and Rendlesham Charity |
|
| Basis of consolidation |
Controlled by Stable |
|
|
Lads |
|
Controlled by Charity as |
|
|
Welfare Trust |
|
as sole |
|
|
sole trustee. |
|
|
|
trustee |
|
|
|
|
|
| Activities and objectives |
Provision of almshouses. |
|
|
|
|
Relief and support for |
|
|
|
|
|
|
|
individuals. |
|
|
2021 |
|
2020 |
|
|
2021 |
2020 |
|
£'000 |
|
£'000 |
|
|
£'000 |
£'000 |
| Total income |
|
68 |
|
|
67 |
15 |
38 |
| Total expenditure on charitable activities |
|
(63) |
|
|
(52) |
(15) |
(38) |
| Investment gains |
|
48 |
|
|
(50) |
215 |
(242) |
| Net movement in funds |
|
53 |
|
|
(35) |
215 |
(242) |
| Fixed assets |
1,280 |
|
|
1,253 |
|
|
1,856 |
| Current assets |
|
208 |
|
|
157 |
|
16 |
| Liabilities |
|
(30) |
|
|
(5) |
|
(16) |
| Net assets |
1,458 |
|
|
1,405 |
|
|
1,856 |
| Funds/capital and reserves: |
|
|
|
|
|
|
|
| Unrestricted funds |
|
609 |
|
|
536 |
|
|
| Endowment funds |
|
849 |
|
|
870 |
|
1,856 |
|
1,458 |
|
|
1,406 |
|
|
1,856 |
|
58 |
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£'000 |
£'000 |
| Net income / (expenditure) for the year |
|
|
2,209 |
(130) |
| (Gains) / losses on investments |
|
|
(1,958) |
1,782 |
| Depreciation and amortisation |
|
|
345 |
336 |
| (I ne rease) in debtors |
|
|
(283) |
(96) |
| Increase in creditors |
|
|
(109) |
252 |
| Net cash inflow from operating activities |
|
|
204 |
2,144 |
| b) Analysis of net debt |
|
|
|
|
|
At 1 |
|
Non- |
At 31 |
|
January |
Cash |
cash |
December |
|
2021 |
flow |
flows |
2021 |
|
£'000 |
£'000 |
£'000 |
£'000 |
| Bank |
1,186 |
(24) |
|
1,162 |
| Bank loans |
(1,773) |
40 |
|
(1,733) |
|
(587) |
16 |
|
(571) |
| Borrowings |
|
|
|
|
| Debt due within one year |
(40) |
40 |
(40) |
(40) |
| Debt due after one year |
(1,733) |
|
40 |
(1,693) |
|
(1,773) |
40 |
|
(1,733) |
|
|
Group |
Group |
Charity |
|
|
|
2021 |
2020 |
2021 |
2020 |
| **Leases ** |
which expire: |
£'000 |
£'000 |
£'000 |
£'000 |
| **Within ** |
one year |
51 |
21 |
42 |
21 |
| **Within ** |
two- five years |
66 |
7 |
53 |
7 |
|
2021 |
|
2020 |
|
£'000 |
|
£'000 |
| Racing Homes |
|
46 |
46 |
| The Rous Charity |
|
4 |
4 |
|
|
50 |
50 |
|
|
2021 |
2020 |
|
|
£'000 |
£'000 |
| Racing Welfare (Enterprises) |
Limited |
(5) |
(5) |
| Racing Homes |
|
(195) |
39 |
| The Jockey Club |
|
(51) |
(18) |
|
2021 |
2021 |
2020 |
|
|
Group |
Charity |
Group |
Charity |
|
£'000 |
£'O0O |
£'O00 |
£'O0O |
|
£ |
£ |
£ |
£ |
| Financial assets: |
|
|
|
|
| Equity instruments measured at fair value |
16,516 |
16,086 |
14,558 |
12,320 |
| 25. STATEMENT OF FINANCIAL ACTIVITIES DETAIL FOR YEAR ENDED 31ST DECEMBER 2020 |
25. STATEMENT OF FINANCIAL ACTIVITIES DETAIL FOR YEAR ENDED 31ST DECEMBER 2020 |
25. STATEMENT OF FINANCIAL ACTIVITIES DETAIL FOR YEAR ENDED 31ST DECEMBER 2020 |
25. STATEMENT OF FINANCIAL ACTIVITIES DETAIL FOR YEAR ENDED 31ST DECEMBER 2020 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2020 |
|
£'O00 |
£'000 |
£'00O |
£'000 |
| INCOME FROM: |
|
|
|
|
| Donationsandlegacies |
2,435 |
1,481 |
|
3,916 |
| Charitable activities |
833 |
|
|
833 |
| Other trading activities: |
|
|
|
|
| Fundraisingtrading |
282 |
40 |
|
322 |
| Investments |
238 |
|
|
238 |
| Other income |
47 |
|
|
47 |
| TOTAL INCOME |
3,835 |
1,521 |
|
5,356 |
| EXPENDITURE ON: |
|
|
|
|
| Raisingfunds |
399 |
|
|
399 |
| Charitable activities |
1,547 |
1,736 |
22 |
3,305 |
| TOTAL EXPENDITURE |
1,946 |
1,736 |
22 |
3,704 |
| NET (EXPENDITURE) FOR THE YEAR |
1,889 |
(215) |
(22) |
1,652 |
| Net gains/(losses) on investments |
(1,540) |
|
(242) |
(1,782) |
| NET INCOME FOR THE YEAR |
349 |
(215) |
(264) |
(130) |
| Transfers betweenfunds |
(499) |
499 |
|
|
| NET MOVEMENTS IN FUNDS |
(150) |
284 |
(264) |
(130) |
| Balance brought forward |
19,060 |
7,931 |
2,987 |
29,978 |
| Balances carried forward |
18,910 |
8,215 |
2,723 |
29,848 |