| CONTENTS | PAGE | ||||
|---|---|---|---|---|---|
| Members ofthe Board | and professional | advisers | |||
| Trustees Annual Report |
|||||
| Statement ofTrustees' | Responsibilities | ||||
| Independent examiner's |
report to the | trustees | |||
| Statement offinancial | activities (incorporating | the | |||
| income and expenditure | account) | ||||
| Consolidated balance |
sheet | ||||
| Charity balance sheet | |||||
| Notes to the financial | statements | 10 |
| Registered | charity name | charity name | charity name | Paper Industry | Paper Industry | Technical Association |
|---|---|---|---|---|---|---|
| Charity number | 1093335 | |||||
| Company | registration | number | 04300838 | |||
| Principal office | 5 Frecheville | Court | ||||
| Bury | ||||||
| Lancashire | ||||||
| BL9OUF | ||||||
| Registered office | 5 Frecheville | Court | ||||
| Bury | ||||||
| Lancashire | ||||||
| BL9OUF | ||||||
| Trustees | Dr6 K Moore | |||||
| Mr M Wroe | ||||||
| Mr S M Hutt | ||||||
| Mr J Kirby | ||||||
| Mr T Klemz | ||||||
| Secretary | Mrs H J Dolan | |||||
| Independent | examiner | Mr JStaples | ||||
| Horsfield S. | Smith | |||||
| Chartered Accountants |
||||||
| &Statutory | Auditor | |||||
| 269Walmersley | Road | |||||
| Bury | ||||||
| Lancashire | ||||||
| BL96NX |
| Total | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||
| Funds | 2020 | Funds | 2020 | 2020 | 2019 | |||||
| Note | ||||||||||
| INCOME | ||||||||||
| Subscriptions | 56,011 | 56,011 | 55,687 | |||||||
| Grants | 87,936 | 87,936 | ||||||||
| Other trading | activities | 28,514 | 28,514 | 65,878 | ||||||
| Investment | income | 1,679 | 1,679 | 2,118 | ||||||
| Other income | 21,857 | 21,857 | 11,845 | |||||||
| TOTAL INCOME | 108,061 | 87,936 | 195,997 | 135,528 | ||||||
| EXPENDITURE | ||||||||||
| Expenditure | on raising funds and charitable | |||||||||
| activities | 7 | (136,742) | (51,390) | (188,132) | (177,115) | |||||
| Other | 8 | (2,026) | - | (2,026) | (3,583) | |||||
| TOTAL EXPENDITURE | (138,768) | (51,390) | (190,158) | (180,698) | ||||||
| NET EXPENDITURE AND NET MOVEMENT | IN | |||||||||
| FUNDS FOR THE YEAR | (30,707) | 36,546 | 5,839 | (45,170) | ||||||
| RECONCIUATION OF FUNDS |
||||||||||
| Total funds brought forward | 339,627 | 339,627 | 384,797 | |||||||
| TOTAL FUNDS | CARRIED FORWARD | 308,920 | 36,546 | 345,466 | 339,627 |
| Sales | |||
|---|---|---|---|
| Conferences | and | Training | income |
| Restricted | Total Funds | Total Funds |
|---|---|---|
| Funds | 2020 | 2019 |
| f | f | f |
| 87,936 | 87,936 | |
| 87,936 | 87,936 | |
| Unrestricted | TotalFunds | Total Funds |
| Funds | 2020 | 2019 |
| f | f | f |
| 17,050 | 17,050 | 35,125 |
| 11,464 | 11,464 | 30,753 |
| 28,514 | 28,514 | 65,878 |
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2020 | 2019 | ||
| f | f | f | ||
| Bank interest | receivable | 1,679 | 1,679 | 2,118 |
| OTHER INCOME | ||||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2020 | 2019 | ||
| f | f | f | ||
| Management | fees | 600 | ||
| Rental Income | 11,879 | 11,879 | 11,245 | |
| Government | Grants Receivable | 9,978 | 9,978 | |
| 21,857 | 21,857 | 11,845 |
| Unrestricted | Unrestricted | Restricted | Total Funds | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||||||||
| f | f | f | f | ||||||||
| Publication | costs | 133,540 | 51,390 | 184,930 | 159,033 | ||||||
| Training costs | 3,202 | 3,202 | 18,082 | ||||||||
| 136,742 | 51,390 | 188,132 | 177,115 | ||||||||
| 8. | OTHER EXPENDITURE | ON | CHARITABLE | ACTIVITIES | |||||||
| Unrestricted | Total Funds | Total Funds | |||||||||
| Funds | 2020 | 2019 | |||||||||
| f | f | f | |||||||||
| Accountancy | fees | 2,026 | 2,026 | 3,583 | |||||||
| Legal and Professional | |||||||||||
| 2,026 | 2,026 | 3,583 | |||||||||
| 9. | NET INCOME/(EXPENDITURE) | ||||||||||
| This is stated | after charging: | ||||||||||
| 2020 | 2019 | ||||||||||
| f | f | ||||||||||
| Staff pension | contributions | 702 | 1,498 | ||||||||
| Depreciation | 8,954 | 6,735 | |||||||||
| 10. | STAFF COSTS | AND EMOLUMENTS | |||||||||
| Total staff costs were | as follows: | ||||||||||
| 2020 | 2019 | ||||||||||
| f | f | ||||||||||
| Wages and salaries | 19,406 | 25,270 | |||||||||
| Social security | costs | 361 | 112 | ||||||||
| Pension costs | 702 | 1,498 | |||||||||
| Private health | care | 4,204 | 3,346 | ||||||||
| 24,673 | 30,226 | ||||||||||
| Particulars of | employees: | ||||||||||
| The average |
number | of | employees | during | the | year, | calculated | on the basis |
of full-time | ||
| equivalents, | was as follows: | ||||||||||
| 2020 | 2019 | ||||||||||
| No | No | ||||||||||
| Number ofadministrative | staff | 1 | 1 |
| TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|
| Furniture | |||||
| Leasehold | Office | Fixtures & | |||
| CONSOUDATED | Property f |
Equipment f |
Fittings f |
Vehicles f |
Total f |
| COST OR VALUATION | |||||
| At 1)an 2020 | 230,000 | 11,702 | 5,267 | 50,000 | 296,969 |
| Additions | 977 | 977 | |||
| At 31Dec2020 | 230,000 | 12,679 | 5,267 | 50,000 | 297,946 |
| DEPRECIATION | |||||
| At 1Jan 2020 | 37,213 | 11,070 | 5,267 | 29,167 | 82,717 |
| Charge in year |
2,338 | 366 | 6,250 | 8,954 | |
| At 31Dec2020 | 39,551 | 11,436 | 5,267 | 35,417 | 91,671 |
| NET BOOK VALUE | |||||
| At 31Dec2020 | 190,449 | 1,243 | 14,583 | 206,275 | |
| At 31Dec2019 | 192,787 | 632 | 20,833 | 214,252 |
| In respect of certain fixed assets stated at va depreciation are as follows: |
luations, the comparable historica |
l cost and |
|---|---|---|
| 2020 | 2019 | |
| Leasehold Property | f | f |
| Historical cost | 116,881 | 116,881 |
| Accumulated depreciation |
44,995 | 44,113 |
| Motor | ||||
|---|---|---|---|---|
| CHARITY | Equipment f |
Vehicles f |
Total f |
|
| COST | ||||
| At 1stJanuary 2020 | 11,702 | 50,000 | 61,702 | |
| Additions | 977 | 977 | ||
| At 31stDecember 2020 | 12,679 | 50,000 | 62,679 | |
| DEPRECIATION | ||||
| At 1stJanuary 2020 | 11,070 | 29,167 | 40,237 | |
| Charge for the year | 366 | 6,250 | 6,616 | |
| At 31stDecember 2020 | 11,436 | 35,417 | 46,853 | |
| NET BOOK VALUE | ||||
| At 31stDecember 2020 | 1,243 | 14,583 | 15,826 | |
| At 31stDecember 2019 | 632 | 20,833 | 21,465 | |
| 12. | INVESTMENTS - Charity | |||
| Investment in Trading subsidiary |
2020 f |
2019 f |
||
| Market value at 1stJanuary 2020 | 173,603 | 173,603 | ||
| Market value at 31stDecember 2020 | 173,603 | 173,603 | ||
| Historical cost at 31stDecember 2020 | 173,603 | 173,603 |
| Consolidated | Consolidated | Charity | ||
|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |
| f | f | f | f | |
| Trade debtors | 54,983 | 52,514 | 49,233 | 42,712 |
| Other debtors | 761 | 761 | ||
| Prepayments | 6,010 | 1,458 | 6,010 | 1,458 |
| 61,754 | 53,972 | 56,004 | 44,170 |
| Consolidated | Consolidated | Charity | ||
|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |
| f | f | f | f | |
| Trade creditors | 39,935 | 32,818 | 28,640 | 20,392 |
| Taxation and social security | 12,218 | 13,426 | 10,457 | 13,675 |
| Accruals and other creditors | 170,207 | 128,482 | 116,207 | 104,282 |
| 222,360 | 174,726 | 155,304 | 137,721 |
| Consolidated | Charity | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||
| f | f | f | f | ||
| Amounts | owed to group undertakings | 413,674 | 405,055 | ||
| Bank loan | 35,000 | 35,000 | |||
| 35,000 | 448,674 | 405,055 |
| Consolidated | Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|---|
| 1jan 2020 | resources | resources | 31Dec2020 | ||
| f | f | f | f | ||
| General Funds | 203,521 | 108,061 | (138,768) | 172,814 | |
| Revaluation | reserve | 136,106 | 136,106 | ||
| Total Funds | 339,627 | 108,061 | (138,768) | 308,920 |
| Consolidated | Balance at | Incoming | Outgoing | Balance at |
|---|---|---|---|---|
| 1jan 2020 | resources | resources | 31Dec2020 | |
| f | f | f | f | |
| General Funds | 87,936 | (51,390) | 36,546 | |
| Total Funds | 87,936 | (51,390) | 36,546 |
| Net current | |||||||
|---|---|---|---|---|---|---|---|
| Tangible | assets/ | ||||||
| fixed assets | Investments | (liabilities) | Total | ||||
| f | f | f | |||||
| Consolidated | Unrestricted | Funds | 206,275 | 139,191 | 345,466 | ||
| Charity Unrestricted | Funds | 15,826 | 173,603 | (229,151) | (39,723) |