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2022-12-31-accounts

CONTENTS
Page
Company information 1-2
Trustees'Report 3-14
Audilors'Report 15-19
Consolidated Statement of FinancialActivities 20
Balance Sheets 21
Consolidated Statement ofCashflows 22
Notes totheFinancial Statements 2s-35

GENERAL DESIGNATED TOTAL TOTAL
Notes
2022
2022 2022 2021
sgÊ Ê
INCOMEANDENDOWMENTS
Charitableactivites
Subscriptionsand feesfrommembers
Educat¡onal coursefeesand events
2 1,032,205
22,709
5,584
115,908
1,037,789
138,617
1,050,772
139,655
lnvestmentlncome 28.652 13,348 42.000 38,669
DonationsandLegacies 2 2,615 206 2,821 33,466
G¡ft A¡d 63.221 63,221 53,719
Othertrading activities
Trading subsidiariesincome
Grånt íncome
3 222,205
5,692
222,205
5,692
178,858
55,322
Otherincome 9,32S 9,329 33,611
TotalOperatinglncome 1,31¡t,078 207,596 1,521,674 1,584,073
EXPENDITURE
Ra¡s¡ngfunds
GiftAid -Societies' administration fees 2 1S,389 19,389 .16,321
Trading subsidiariesexpenditure â 363,281 363,281 324,344
Total cost ofraising funds 363,281 '19,389 382,670 340,665
Charitable activities
Education coursesand events 2 101,113 101,1r3 55,484
Education 2,4 285,415 155,961 441,380 351,121
Volunteering
MembershipServices
2,4
2,4
305,797
595,416
287,419 305,797
882,835
303,929
742,131
TotalCharitable expend¡ture 1,186,631 544.493 1.731.124 1,452,665
Total operat¡ngexpenditure 1,549,912 563,882 2,1',13,794 1,793,330
Netoperating¡ncome /(expenditure) (235,834) (356,286) ( 592,120) (209,257)
Net(loss)/gainoninvestmentassets I (85,2141 fi58,389) (243,603) 203,224
Net ¡ncome /(expenditure) (32r,048) ( 514,675) (83s,723) (6,033)
Gross transfersbetween funds 2 126,000 (126,000)
Netmovementinfunds (195,048) (640,675) (835,723) (6,033)
Totalfundsbrought forward 858,703 2,015,526 2,874,228 2,880,261
Totalfunds carried forward 2,13 663,655 1,374,851 2,038,506 2,874,228

Group Gharity
Notes 2022
2021
2022 2021
e€ÊÊ
Fixêd assets
Tangible assets
lntangible assets
lnvesiments
5
6
B
747,582
771,O55
97,807
101,852
1,552,3091,795,911
747,582
97,807
1,587,309
771,055
101,852
1,830,911
2,397,698 2,668,818 2,432,698 2,703,818
Current assêts
Stock&work inprogress 9,872
12,294
Debtors 7 88,047
'120,985
26,363 47,630
Cash at bank and inhand 385,505
909,069
247,443
483,1211,042,348 273,806
835,526
883,156
L¡ab¡l¡t¡es
Creditors: Amounts falling
due within one year
Netcurrent assets / (liabilities)
o (842.617(836,938)
{359,193)205,410
(770,790)(754,344)
(496,984)128,812
Nctassets 2,038,506 2,874,228 1,935,715 2,832,631
The Funds of the Charity
Unrestricted funds
560,864
817,105
560,864 817,105
Non-charitable tradingsubsidiaries
TOTALGENERAL FUNDS
Designated funds
Totalfunds
3
13
102,791
41,598
663,655 858,703
1,374,851 2,015,526
2,038,5062,874,228
560,864
1,374,851
1.S35.715
817,105
2,015,526
2.832.631

2022 2021
e
Cashflow from operating actívities
Netcashprovidedby operat¡ng activities (508,755) (252,1s0)
Cashflows from investingact¡vities
lnvestment income andinterest received 42.000 38,669
Proceedsfrom disposalof fixed asset investments 135,225
Paymentsto acquiretangible and intangible fixedassets (56,80s) (s4,348)
Net (decrease) / ¡ncrease in cashand cesh equ¡valônts (523,564) (172,644)
Cash andcash equivalentsat beginning ofyear 909,068 1,081,712
Cash andcash equivalentsat end ofyear 385,505 909,068
Reconciliat¡onofnet(expenditure)tonet cashflow fromoperat¡ngactivities
2022 202',l
Net(expenditure) /¡ncomeincludingendoìrìrments (835,723) (6,033)
Adjustments for:
Depreciationand amortisation charges 84,326 78,039
Netlosses/(gains)on investments 243,603 (203,22s|
lnvestment¡ncome (42,000) (38,66e)
(lncrease) /decrease in stock 2,422 (532)
(lncrease) /decrease in debtors 32,938 (22,695)
lncrease /(decrease)in creditors 5,679 (59,075)
Netcash providedbyoperatingactiv¡ties (508,755) (252,190)


areafunds,Asummâry of movementsonlhesê
fundsisshownbelow:
Patrlc¡aFay
Msmorial
ZonaWålkor
8êquestProperly DevelopmentAreasAffiliat¡onFee
Tolal
2022
2022
Êç.€€€€Ê
2022 2022 2022 2022 2022
lncome
lncomlng resourcesfromgÊnerãtedfunds
Voluntary ¡ncome
Subscriptions andfess frommembers 5,584 5,584
Gtft Aid 63.221 63,221
Donations legac¡esand similar¡ncome 206 206
Educatìonal coursefees and events 115.908 115,908
Activitaes for generatingfunds
Other ¡ncome 9,329
Bank ìnterest 3,989 I 3,SS0
lnvestment lncome 77U
Total incom¡ngresources
Expendltu¡e
Costs ofgeneratedfunds
Costs ofgènsrâtingvoluntary income
G¡ft Aìd- Soc¡etÌes'admin¡strat¡on fees 19,389 19,389
Fducation courses andevents 101,113 101,113
Char¡tableactlviti€a
Grants 155,961 '155,961
Area awards 49,732 49,732
Disposal costs 11,386 '11.386
lvlembersh¡pseryices general '13,882 3,245 '168,794 40380 226,301
lotalexpendllure 145.232 14.631 168.794 aql ))â 563.882
Netincome /(expsndilure) before tran3fers 11't1,2681 !,604 (14,631) (168,794)
(60,197)
0 (356,286)
Transfers
Grosstransfersbgtweenfunds
Development Fund (142,804) 142,804
Aff¡lial¡on Fee (126,000) (126,000)
Net¡ncomlng resourcesbefore other
rgcogniggd gains andlossss
(257,072|r,604 (14,631) (25,990) (60,197) (r26,000) (482,286)
Otho¡ recognisedgaing
Nêt lossês oninvostment ass€ts (132,004) (26,385) 0 0 (158,38S)
{389,076} 124,7841(14,631) (25,9e0) (60,197)(126,000) {640,675)
Funds broughtforuard 71

PldclâFay ze¡ãWelker
Bêqu€Bl
F¡rsE PropedyDevdopmnt PropedyDevdopmnt PropedyDevdopmnt Areâa Areâa Affillãtlon Fee Tot€l
2021 ñ21 2021 2021 2021 2021 2020 2021
e f €€ Ê e Ê
lncom6
Incoñlngrasou¡cesfromgenentadfuld6
Volu¡lerylncome
Subscriplionsa¡dfeesÍIonì mefl¡bgrs
G¡fIAid
Donationslegâciesand similar¡ncomê
Educatloñal@u&fees and evenls
53.719 240
3,94;
92,427
240
53.71I
3,943
s2,827
Activltles torgen6ratlngfunds
Õther ¡n@me
33,586 33,586
lnvèslm€nl incoftè
Bank ¡oleresl 3.æ5 2 3,6a7
¡olåliicomlngresources
Expend¡luE
cosbofgenoratodlundB
Cogb ofEðnoratlnq voluntåry incomê
G¡ft Aid- S@ielies'adminislralion
fees
Educationeourssând evênts
16.321 55.484 r6.321
55,484
Charll¿bloâdlv¡t¡os
G.anls
119.684 119,684
Memboßhip sêNicê6grants
commerc¡âlsubs¡d¡âry
Membershipseru¡cesgêneÞt
10.82; 52,695
3.930
4,425
52,580
35.177
4e.81i
35,177
a,425
169.850
lotålexpènditure
Net lnoome / (oxpondltur€) b€foretaansleF (8r,877ì 1,000 (52,605) (3,930) (61,005)
(9,880)
(208,387)
Transf€rs
Ðevleopm€nt Fund
Alfiliâlion Fee
50.600 (1,000) 50,600
{1.000)
Not ¡ncom¡ngrcsourcsaboforo
r€cognissdgalngandlossss
other {81,077) 1,000 (52,695) {3,s30) (10,,105)(9,880) (r,000) (f58,787)
Olherrecognlsod(lo83ea)/gôln6
Netqainstrinvæîment assets
115,451 20,785 136,240
Net mov€ment lñfu¡ds 3t.574 21.789 {s2.695} {3,930) (10,{s) (s,ËEo} '1,000 l22,5/t|
Fund€broughtfoNard 181

The income and expend¡ture of the trad¡ngsubsidiariesis
are summar¡sed below,
disclosed separatelyìnthe Consol¡dated Statementof disclosed separatelyìnthe Consol¡dated Statementof F¡nancial Activ¡ties. Their aud¡t F¡nancial Activ¡ties. Their aud¡t edfinancialsta tements
NADFASEnie¡prisåsLtd NADFASTours Ltd Total
2022 2021 2022 2021 2022 2021
I Ê f, Ê f
Turnover 434,486 365.363 54,921 2A,382 489,407 393,745
Cost ofsalos t345.880) t301 .301) t345B80t t301.301ì
Grossprof¡l 88,606 64,062 54,521 28,382 143,527 92,444
AdminislrationExpenses (54,137) (63,996) (1B,ee5) (19,133) (73,132) (83,129)
Other ¡ncome 118 5 118 5
Profit / (Loss) bsforo taxat¡on 34,587 71 35,926 9,249 70,513 9,320
Taxåtion
Proflt / (Lo6s) âftertåxatlon 34,587 71 35,926 9,249 70,513 9,320
Rsta¡nedprofit broughlforuard 32,349 65,496 9,249 10,744 41,598 76,240
Gifta¡dd¡stribut¡on (71l (33.21 B) (e,24e) (10,744) (9,320) (43,e62)
66.465 3;l,349 Jb,92b I2^9 1$2.791 41-594
Cap¡tal and Rêseryes
Shars capitâl 5,000
5,000
30,000 30,000 35,000 35,000
Prof¡t and Loss Account
Shareholders' Funds

DIRECT STAFFCOSISAND EMPLOYEES
Group
General
Group
GeneÉl
2022 2021
f e
Salaries 576í40 541,214
Pension contr¡bulions 62,109 51,589
Soc¡alSecur¡ly costs 51,220 50,779
____999199_ 643,58r
fhenumborofemploy€es whoseêmluments(sâlar¡esândbenef¡ts ¡n kind) fell w¡th¡nlhefollowingbands:
2022 2021
Number Nuñber
Ê70.000-Ê79.999 1
t80,000-Ê89,999 1
t90,000^Ê99.999
e100,000-Ê109,s99 1

Theaverage nùmberof staffemploy6dwas 11 (2021:12)
casual and part lime staff) during thepe¡¡odwas asfoìlore:
ândtheaverage numberoffull-l¡meequivalenlemploy ees (¡nclud
2022 2421
Number Number
Ëducatìon 1 1
Vgluntee¡¡ng 2 3
Membership Seryices
12

E) comparåtives) are discl
AUDITORS'FEES
osed in nole5a.
Group Gtoup
2022 2021
Audit 23,341 20.107
Areas
Tãxâ{ion s6rvices
1.360
2.525
1.008
2,215
f) DEPRECTATTON
DepræialiononoMed assets -91,339 _____Zg&9-
g) ANALYSIS OF GRANTS AWARDEDINTHE YEAR
Numbsr Iumbo. Group Group
m22 2021 2022 2021
Ê Ê
Des¡gnated Funds
General Funds
Educat¡on grants
Volunteeriñg grants
031
169
16S
319
288
155,961
'155,961
119,684
4,676
124,360

The allocationofsupport costs and overheads an
the General FundisshownInthe table below:
dhowthese were al locâled between Governance and Governance and Char¡tableAct¡vit¡es Char¡tableAct¡vit¡es within
2022 Education
t
Volunteetino-
€€
MembârshiD
serytces
Govèrnance
I
Total
f
Costsdirectlyallocatedtoact¡vitiês
Staff Costs 92,490 148,024 282,695 50,823 574,032
Staff and Volunteering expenses 1,239 7,161 14,717 28,446 51,563
Grants
Publicity and events cosls 45.815 884 661 47,360
Legal and Prolessionalfees(incAuditfees) 96,269 96,269
Support costs directly allocated 9,702 3,500 13,348 11,431 37,981
Total Direct Costs 149,2ß
159,569

311,421
186,969 807.205
Supportcostsapport¡onedto activities
by usage
Staff Costs 34,685 37,084 72,375 144,144
Staff and Volunteer expenses 804 860 1,678 3,342
lnformâtion Technology '15,301 16,359 31,927 63,587
General Office 2,877 3,076 6,003 II,956
Premises 11,745 12,558 24,508 48,81I
Stationery, Printing, Postage andïelephone 6,378 6,8r9 13,308 26,505
Depreciation 19,510 20,860 40,711 81,081
GÕvernance costs allocâted to activities 44,873 48,612 93,485 (186,969)
Total Support Costs
Total General Fund Expendlture
202'l Education Education Volunteering Memborship
Seru¡ces
Govefnance Totâl
f Ê
Costs directly allocatedto activitiês
Staff Costs 84,536 156,216 249.967 42,020 532,739
Staff and Volunteêr¡ng expenses 45,436 6,499 1,492 18,118 71,545
Granis 4,b/b 4,676
Public¡tyand êvents cosls 81 105 504 690
Legal and Professionalfees(incAuditfees) 81,991 81,991
Support costs directly allocated 3,363 11,248 15,131 29,742
Total Direct Gosts
Support costs apportionedto activities
by usage
Staff Costs 29.708 39,030 60,126 128,864
Staff and Volunteer expenses 131 172 265 568
lnformation Technology 1 2,983 17,057 26,276 56,31 6
General Office 1,973 2,s92 3,992 8,557
Prem¡ses 1 1,905 15,640 24,094 51,639
Stationery,Pr¡ntìng,Postage and Telephone 7,155 9,400 14,481 31,036
Depreciation 17,085 22,446 34,578 74,109
Governance costs allocated to act¡vit¡es 20,444 26,734 110,092 (r57,260)
Total Support Costs
Total General Fund Expend¡turê

5
TANGIBLE FIXED ASSETS
Group&
Charity
Group&Gharity Total
Freehold
Property
Furniture, Fixtures
&Equipment
I t Ê
Cost
As at1January 824,824 153,809 978,633
Additionsintheperiod 15,903 15,903
Asat 31December 824.824 169,712 994,536
Depreciation
As at1January 86,735 120,843 207,578
Chargeforperiod 11,429 27,947 39,376
Asat 31December 98,164 148,790 246,954
Net BookValue
31December2022 726,660 ____20,922_ __147_,582_
31December2021 738,089 32,966 771,055

6
INTANGIBLE FIXED ASSETS
Wcbsite
f
Cost
As atIJanuary 183,844
Additionsintheperiod 40,906
As at3lDecember 224,750
Amortisation
As at1January 81,993
Chargeforperiod 44,950
As at3lDecember 126,943
Net BookValue
31 December2022 97,807
31 December2021 101,851

8
INVESTMENTS
Group Châr¡ty
2022 2021 2022 2021
s
unrestr¡ctêd Funds
Unlisted ¡nvestment - at cost
Subs¡d¡arycompan¡es:
-
NADFAS Enterprises Ltd
5,000 5,000
-
NADFAS ToursLtd
30,000 30,000
Listed lnvestmonts - åt market value
Rathbone Brothers Plc managedportfol¡o 957,084 1,123,334 957,084 1,123,334
Eouitv Un¡ts/Shares:
cCLACOIF incomeunits
595.225 672,577 595,225 672,577
1.552.309 1.795.911 1.587.309 1,830.911
Group Chârity
2022 202'l 2022 2021
t e f Ê
Reconcìliat¡on of movement¡ninvestments;
Asat1January 1,795,911 1,727,911 1,830,911 1,762,911-
Additìons
Disposalproceeds (135,225| {135,225)
Net (losses) /gâ¡nson investments
Market value at 31 December
Historicalcost '1,390,915 1,390,915 1.425.915 1.425.915
Reconc¡l¡at¡onof movementinunreal¡sedgains/
lossesin¡nvestments, excluding sutsidiar¡es:
Unrealised ga¡nsat1Januãry
404,996 264,726 404,996
264,726
Elimination of unreâlisedga¡nson d¡sposâls (4,029) (4,02e)
Net (decrease)/¡ncrease arising on revaluâtionsintheper¡od I161,364) 144.299 (161,364) '144.259
Unreâlisedgainâs ãt 31 December 243.632 404.996 243,632 ¿o¿906

I
CREDITORS:amountsfallingdue w¡th¡n
oneyear
Group Charity
2022 2021 2022 2021
Ê Ê Ê
GeneralFunds:
Trade creditors 26,134 5,333 26,134 5,333
Other creditors 3,377 3,377
Other taxes and social security costs 35,412 34,782 23,719 '15,485
Accruals 42.062 48,704 31,527 39,143
Deferred income 215,712 169,043 166,1 13 1't5,308
Designated Funds:
Loans-Patricia Fay Memorial Fund 5'19,920 531,420 519,920 531,420
Accruals 47 655 47
790

Loans tothePatrlcia Fay Memorial Fund from Societi
TheArtsSociety.
1ODEFERRED INCOME
es are interestf ree,repa yable on dem and and guarante ed by
Group Gharity
2022 2021 2022 2021
Ê Ê
As at1January 169,043 284,076 115,308 244,320
Amountsdeferred during the period 215,712 169,043 166,1 13 115,308
Amountsreleased during the period
Bafances carried forward as at 31 December 2 12 169

13ANALYSIS OF GROUP NET ASSETS BETWE ENFUNDS
General Designated Total
2022
€[
2022 2022
Tangible fixed assets 40,431 707,151 747,582
Intangible fixed assets 97,807 97,807
lnvestments 488,219 1,064,090 1,552,309
Current assets 359,894 123,530 483,424
Creditors: amounts falling due within oneyear 920 61
TOTALNETASSETS
General Designated Total
2021 2021 2021
Ê Ê
Tangible fixed assets 32,966 738,089 771,455
Intangible fixed assets 101,852 101,852
lnvestments 573,432 1,222,479 1,795,911
Current assets 408,312 634,033 1,042,345
Creditors: amounts falling due within oneyear
TOTALNETASSETS
703 075
I
526

2
4