## ## ## |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)| ##