| Contents | Page | |
|---|---|---|
| Trustees' | Report | 4-10 |
| Auditors' | Report | 11—13 |
| Statement | of Financial Activities | |
| Balance Sheet | ||
| Statement | of Cash Flows | 16 |
| Notes to the Accounts | 17—27 |
| Total | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Resbfcted | |||||||
| Notes | funds | Funds | 2021 | funds | funds | 2020 | ||||
| E | L | 8 | ||||||||
| Income from. | ||||||||||
| Donaticns | 330,QQ3 | 330,003 | 382,487 | 63,387 | 445,874 | |||||
| Other trading activities |
109,133 | 109,133 | 77,668 | 77,668 | ||||||
| income from investments | 884 | 1,582 | 1„582 | |||||||
| Income from charitable | activities | 82,8Q2 | 82,802 | 97,157 | 97,157 | |||||
| Total income | 522,822 | 522,822 | 558,894 | 63,387 | 622,281 | |||||
| Expenditure on: |
||||||||||
| Raising funds | 40,954 | 40,954 | 28,188 | 28,188 | ||||||
| Charitable activities |
434,731 | 4,353 | 439,084 | 384,097 | 82,776 | 466,873 | ||||
| Total expenditure | 475,6&5 | 4,353 | 480,038 | 412,285 | 82,776 | 495,061 | ||||
| Net gains/(losses) | on investments | 11 | 6,751 | 6,751 | (6,941) | (6,941) | ||||
| Net income/(expenditure) | 53,888 | 4,353 | 49,535 | 139,668 | 19,389 | 120,279 | ||||
| Transfer between | funds | 28,756 | (28,756) | |||||||
| Net movement in Funds |
53,888 | 4,353 | 49,535 | 168,424 | 48,145 | 120,279 | ||||
| Reconciliation of |
funds: | |||||||||
| Total funds brought | forward | 553,338 | 7,496 | 560,&34 | 384,914 | 55,641 | 440,555 | |||
| Total funds carried | forward | 15/16 | 607,226 | 3,143 | 610,369 | 553,338 | 7+96 | 560,&34 |
| Note | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| F | E | |||||
| Fixed Assets | ||||||
| Tangible assets Investments |
10 11 |
24,614 162,901 |
15,407 156,150 |
|||
| 187,515 | 171,557 | |||||
| Current assets | ||||||
| Stock | 3,207 | 2,193 | ||||
| Debtors | 57,138 | 64,051 | ||||
| Cash at bank | 400,611 | 357,362 | ||||
| 460,956 | 423,606 | |||||
| Creditors -amounts |
falling due within one | |||||
| year | (38,102) | (34,329) | ||||
| Net current assets | 422,854 | 389,277 | ||||
| Total assets | less current | liabilities | 610,369 | 560,834 | ||
| Funds | ||||||
| Restricted funds | 3,143 | 7,496 | ||||
| Unrestricted | funds | 15 | 607,226 | 553,338 | ||
| Total funds | 610,369 | 560,834 |
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| E | |||||
| Cash flows from operating | activities | 20 | 62,220 | 134,291 | |
| Cash flows from investing | activities | ||||
| Purchase offixed assets | (19,854) | (1,497) | |||
| Interest received | 884 | 1,582 | |||
| Net cash flow from investing | activities | 18,970 | 85 | ||
| Net increase/(decrease) in |
cash and cash | equivalents | 43,250 | 134,376 | |
| Cash and cash equivalents | at beginning | ofyear | 357,361 | 222,985 | |
| Cash and cash equivalents | at end ofyear | 400,611 | 357,361 |
| Donations | 2021 | 2020 | |||
| E | |||||
| Membership | donations | 31,685 | 30,595 | ||
| Memoriam | donations | 44,201 | 7,340 | ||
| Corporate | donations | 3,406 | 4,414 | ||
| Charitable | trust income 8 major | donors | 40,900 | 56,550 | |
| Legacies | 443 | 103,966 | |||
| Gift aid | 23,555 | 18,814 | |||
| Community | fundraising | 44,202 | 42,734 | ||
| Individual | membership | 55,166 | 55,701 | ||
| Professional | membership | 5,343 | 6,252 | ||
| Corporate | memberships | 58,890 | 64,115 | ||
| Other - including COVID support |
funding | 22,212 | 55,393 | ||
| 330,003 | 445,874 |
| Other trading a | ctivities | 2021 | 2020 |
| E | F | ||
| Sale ofgoods | 4,183 | 4,668 | |
| Advertising | 240 | 720 | |
| Event income | 10,609 | ||
| Corporate sponsorship | 17,200 | ||
| Special project income | 68,800 | 63,687 | |
| Other | 8,101 | 8,593 | |
| 109,133 | 77,668 | ||
| Charitable activities |
2021 | 2020 | |
| Sale ofeducation | products | 41,798 | 36,932 |
| Product recall income | 41,004 | 60,225 | |
| 82,802 | 97,157 | ||
| 3. Income from | investments | 2020 | 2020f |
| Bank Interest | 884 | 1,582 |
| 4. Total expenditure | 4. Total expenditure | Activities | ||||||
|---|---|---|---|---|---|---|---|---|
| undertaken | Support | |||||||
| directlyf | costs | Total 2021 | Total 2020 | |||||
| Raising funds | 40,954 | 40,954 | 28,188 | |||||
| Charitable activities |
187,749 | 230,195 | 417,944 | 440,560 | ||||
| Governance | costs | 21,140 | 21,140 | 26,313 | ||||
| Total | 228,703 | 251,335 | 480,038 | 495,061 | ||||
| 5.Allocation | ofsupport costs | |||||||
| Support | ||||||||
| Basis | of apportionment | costs | Total 2021 | Total 2020 | ||||
| E | ||||||||
| Staff costs | Staff time | 110,951 | 110,951 | 92,246 | ||||
| Office rental and other | ||||||||
| office costs | Invoiced events | 73,919 | 73,919 | 70,853 | ||||
| Travel expenses | Non-governance | expenses | 1,532 | 1,532 | 1,554 | |||
| Legal / Professional costs |
Invoiced events | 14,156 | 14,156 | 26,706 | ||||
| Finance expenses | Bank charges payable | 5,252 | 5,252 | 5,195 | ||||
| Website costs | Software | cost and usage | 6,091 | 6,091 | 5,617 | |||
| Depreciation | Estimated | useful | life | 10,663 | 10,663 | 9,852 | ||
| Other costs | Invoiced events | 7,631 | 7,631 | 9,294 | ||||
| 230,195 | 230,195 | 221,317 | ||||||
| 6.Allocation | ofgovernance | costs | Activities | |||||
| undertaken | ||||||||
| directly f |
Total 2021 | Total 2020 F |
||||||
| Staff costs | 14,757 | 14,757 | 19,085 | |||||
| Audit fees | 6,050 | 6,050 | 5,750 | |||||
| Travel and subsistence | expenses | 333 | 333 | 1,478 | ||||
| 21,140 | 21,140 | 26,313 |
| 2021 | 2021 | 2020 | 2020 | ||
|---|---|---|---|---|---|
| Number | FTE | Number | FTE | ||
| Raising funds | |||||
| Charitable | activities | ||||
| Governance | |||||
| 12 | 10 | ||||
| The total staff costs and employees | benefits was as follows: | ||||
| 2021 | 2020 | ||||
| Staffcosts | E | ||||
| Wages 8 salaries | 262,903 | 277,830 | |||
| Employers | Nl | 18,630 | 17,208 | ||
| Pension costs | 5,126 | 4,865 | |||
| 286,659 | 299,903 |
| 8. Net income | I (expenditure) | I (expenditure) | for the year | |||
|---|---|---|---|---|---|---|
| The net income | / (expenditure) | is stated after charging | I (crediting): | 2021 | 2020 | |
| Depreciation | oftangible | fixed | assets | 10,663 | 9,852 | |
| Operating | lease | rentals | 29,000 | 29,QQQ |
| 10. Fixed assets | |
|---|---|
| Equipment | |
| Cost | |
| At 1 January 2021 | 86,119 |
| Additions | 19,854 |
| Disposals | (26,188) |
| At 31 December 2021 | 79,785 |
| Depreciation | |
| At 1 January 2021 | 70,711 |
| Charge for the year | 10,648 |
| Disposais | (26,188) |
| At 31 December 2021 | 55,171 |
| Net book value | |
| At 31 December 2021 | 24,514 |
| At 31 December 2020 |
| 11.Investments | 11.Investments | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| F | ||||||||
| Market value at 1 January | 156,150 | 163,091 | ||||||
| Additions | ||||||||
| Disposals | ||||||||
| Unrealised | (loss)/gain | on | revaluation | 6,751 | (6,941) | |||
| Market value at 31 December | 162,901 | 156,150 | ||||||
| 2021 | 2020 | |||||||
| Market | value | Cost | Market value | Cost | ||||
| E | F | |||||||
| Quoted investments | ||||||||
| UK - equities | 161,113 | 132,963 | 155,115 | 132,963 | ||||
| Gash fund | 1,788 | 1,788 | 1,035 | 1,035 | ||||
| 162,901 | 134,751 | 156,150 | 133,998 |
| Cost at 31 | Percentage | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| No. ofordinary | December | oftotal | |||||||
| shares / units |
Market value | 2021 | valuation | ||||||
| HL | Multi-Manager | Income 8 Growth Trust | 68,559 | 66,687 | E | 52,923 | 40.9'/o | ||
| HL | Multi-Manager | Strategic Bond Trust | 40,608 | F | 61,013 | E | 52,279 | 37.5/ | |
| HL | Multi-High | Income Trust | 16,170 | F | 17,511 | 16,660 | 10.7'/o |
| 12. Debtors | ||
|---|---|---|
| 202'I | 2020 | |
| E | ||
| Trade debtors | 7,481 | 18,279 |
| Prepayments | 33,034 | 38,934 |
| Accrued income | 8,218 | 4,758 |
| HMRC VAT liability (repayment) | 8,405 | 2,080 |
| 57,138 | 64,051 |
| 13. Creditors | 2021 | 2020 | ||
|---|---|---|---|---|
| E | ||||
| Trade creditors | 21,040 | 3,723 | ||
| Other taxation and social security | 7,421 | 5,283 | ||
| Accruals | 6,819 | 8,691 | ||
| Deferred income | (see note 14) | 2,822 | 16,632 | |
| 38,102 | 34,329 | |||
| 14. Deferred income | 2021 | 2020 | ||
| 6 | F | |||
| Income received | in advance | 2,822 | 16,632 | |
| 2021 | 2020 | |||
| 6 | ||||
| At 1 January 2019 | 16,632 | 8,880 | ||
| Amount released | to incoming | resources | (16,632) | (8,880) |
| Amount deferred |
in the year | 2,822 | 16,632 | |
| As at31 December 2019 | 2,822 | 16,632 | ||
| Income in support |
of2021 activiges was the foliowing: | |||
| Corporate Subscriptions |
2,822 | 16,632 | ||
| 2,822 |
| 15.Unr | estricted funds |
|||||||
|---|---|---|---|---|---|---|---|---|
| Transfer | At 31 | |||||||
| At | 1January | Incoming | Outgoing | Gain on | to/from | December | ||
| 2021 | resources | res0Uress | investment | unrestricted | 2021 | |||
| E | E | |||||||
| General | fund | 553,338 | 522,822 | (475,685) | 8,751 | 607,226 | ||
| 553,338 | 522,822 | 475,685 | 6,751 | 607,228 |
| 16.Re | stricted funds | ||||||
|---|---|---|---|---|---|---|---|
| At | 1 | Transfer | At 31 | ||||
| January | Incoming | Outgoing | to/from | December | |||
| 2021 | resources | resources | unrestricted | 2021 | |||
| F | F | ||||||
| Isle of | Man Fund | 6,293 | (3,150) | 3,143 | |||
| FSA Research Project | 300 | (300) | |||||
| Survey, | Review and Report | 903 | (903) | ||||
| 7,496 | 4,353 | 3,143 | |||||
| 17. Analysis ofnet assets | between funds | ||||||
| Unrestricted | Restricted | Total 2021 | Total 2020 | ||||
| f. | E | ||||||
| Fixed tangible assets | 24,614 | 24,614 | 15,407 | ||||
| Fixed investment | 162,901 | 162,901 | 156,150 | ||||
| Current | assets | 457,813 | 3,143 | 460,956 | 423,606 | ||
| Current | liabilities | (38,102) | (38,102) | (34,329) | |||
| 607,226 | 3,143 | 610,369 | 560,834 |
| 20. Reconciliation of Net Mov |
ement in Funds to Net |
Cash Flow from Operat | ing Activities |
|---|---|---|---|
| 2021 | 2020 | ||
| Net movement in funds |
49,535 | 120,278 | |
| Add back depreciation | 10,648 | 9,852 | |
| (Deduct)/add back (gains)/losses |
on investments | (6,751) | 6,941 |
| (Deduct) interest income (Increase)/decrease in stock |
(884) (1,014) |
(1,582) 355 |
|
| (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash generated in operating |
activities | 6,913 3,773 62,220 |
9,591 ~11,144 134,291 |