|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|
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||||||||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|
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|||||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|
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|---|---|---|---|---|---|
|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|
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|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|
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|||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|
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|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|
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|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||
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|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|
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|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|
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|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|
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|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|
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