| CONTENTS | PAGE | |||
|---|---|---|---|---|
| Members ofthe Board | and professional | advisers | ||
| Trustees Annual Report |
||||
| Statement ofTrustees' | Responsibilities | |||
| independent examiner's |
report tothe trustees | |||
| Statement offinancial activities (incorporating |
the | |||
| income and expenditure | account) | |||
| Consolidated balance sheet |
||||
| Charity balance sheet | ||||
| Notes tothe financial statements | 10 |
| Registered | charity name | charity name | Paper Industry | Technical Association |
|---|---|---|---|---|
| Charity number | 1093335 | |||
| Company registration |
number | 04300838 | ||
| Principal ofgce | Tower House | |||
| 269 Walmersley | Road | |||
| Bury | ||||
| Lancashire | ||||
| BL96NX | ||||
| Registered | office | Tower House | ||
| 269Walmersley | Road | |||
| Bury | ||||
| Lancashire | ||||
| BL96NX | ||||
| Trustees | Dr6 KMoore | |||
| Mr M Wroe | ||||
| MrSMHutt | ||||
| Mr J Kirby | ||||
| Mr T Klemz | ||||
| Secretary | Mrs H J Dolan | |||
| Independent | examiner | Mr J Staples | ||
| Horsfield &Smith | ||||
| Chartered Accountants |
||||
| &Statutory Auditor | ||||
| 269 Walmersley | Road | |||
| Bury | ||||
| Lancashire | ||||
| BL96NX |
| Total | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||
| Funds | 2021 | Funds | 2021 | 2021 | 2020 | |||||
| Note | f | f | f | f | ||||||
| INCOME | ||||||||||
| Subscriptions | 47,784 | 47,784 | 56,011 | |||||||
| Grants | 13,121 | 118,551 | 131,672 | &7,936 | ||||||
| Other trading | activities | 58,533 | 58,533 | 28,514 | ||||||
| Investment | income | 743 | 743 | 1,679 | ||||||
| Other income | 13,613 | 13,613 | 21,857 | |||||||
| TOTAL INCOME | 133,794 | 11$,551 | 252,345 | 195,997 | ||||||
| EXPENDITURE | ||||||||||
| Expenditure | on raising funds and charitable | |||||||||
| activities | 7 | (115,336) | (155,097) | (270,433) | (1&&,132) | |||||
| Other | 8 | (14,770) | - | (14,770) | (2,026) | |||||
| TOTAL EXPENDITURE | (130,106) | (155,097) | (285,203) | (190,158) | ||||||
| NET EXPENDITURE AND NET MOVEMENT | IN | |||||||||
| FUNDS FORTHE YEAR | 9 | 3,688 | (36,546) | (32,858) | 5,839 | |||||
| RECONCIUATION OF FUNDS |
||||||||||
| Total funds brought forward | 30&,920 | 36,546 | 345,466 | 339,627 | ||||||
| TOTAL FUNDS | CARRIED FORWARD | 312,608 | 312,608 | 345,466 |
| YEAR ENDED 31stD | ECEMBER 2021 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Nate | 6 | f | |||
| FIXEDASSETS | |||||
| Tangible assets | 9,864 | 206,275 | |||
| 9,864 | 206,275 | ||||
| CURRENT ASSETS | |||||
| Debtors | 13 | 34,347 | 61,754 | ||
| Cash at bank and in hand | 522,589 | 334,797 | |||
| 556,936 | 396,551 | ||||
| CREDITORS: Amounts | falling due within one year | 14 | (254,192) | (222,360) | |
| NET CURRENT ASSETS | 302,744 | 174,191 | |||
| TOTAL ASSETS LESSCURRENT LIABIUTIES | 312,608 | 380,466 | |||
| CREDITORS:Amounts | falling due after more than one | ||||
| year | 15 | (35,000) | |||
| NET ASSETS | 312,60& | 345,466 | |||
| FUNDS | |||||
| Unrestricted funds |
16 | 312,60$ | 308,920 | ||
| Restricted funds | 17 | 36,546 | |||
| TOTAL FUNDS | 312,608 | 345,466 |
| Unrestricted | Total | Funds | Total | Funds |
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| f | f | f | ||
| 47,784 | 47,784 | 56,011 | ||
| 47,784 | 47,784 | 56,011 |
| Unrestricted | Restricted | Total Funds | Total Funds |
|---|---|---|---|
| Funds | Funds | 2021 | 2020 |
| f | f | f | f |
| 13,121 | 118,551 | 131,672 | 87,936 |
| 13,121 | 118,551 | 131,672 | 87,936 |
| Unrestricted | Total | Funds | Total | Funds |
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| f | f | f | ||
| 33,978 | 33,978 | 17,050 | ||
| 24,555 | 24,555 | 11,464 | ||
| 58,533 | 58,533 | 28,514 |
| Management | fees |
|---|---|
| Rental Income | |
| Government | Grants Receivable |
| Unrestricted | Total | Funds | Total Funds |
|---|---|---|---|
| Funds | 2021 | 2020 | |
| f | f | f | |
| 743 | 743 | 1,679 | |
| Unrestricted | Total | Funds | Tota I Funds |
| Funds | 2021 | 2020 | |
| f | f | f | |
| 6,283 | 6,283 | 11,879 | |
| 7,330 | 7,330 | 9,978 | |
| 13,613 | 13,613 | 21,857 |
| 7. | EXPENDITU | RE | ON CH | ARIT | ABLE ACTIVI | TIES | TIES | TIES | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||
| Funds | Funds | 2021 | 2020 | ||||||||
| f | 8 | 8 | f | ||||||||
| Publication | costs | 105,280 | 155,097 | 260&377 | 184,930 | ||||||
| Training costs | 10,056 | 10,056 | 3,202 | ||||||||
| 115,336 | 155,097 | 270,433 | 188,132 | ||||||||
| 8. | OTHER EXPENDITURE | ON | CHARITABLE | ACTIVITIES | |||||||
| Unrestricted | Total Funds | Total Funds | |||||||||
| Funds | 2021 | 2020 | |||||||||
| E | 8 | f | |||||||||
| Accountancy | fees | 3,503 | 3,503 | 2,026 | |||||||
| Profit/Loss | on disposal | of | assets | 11,267 | 11,267 | ||||||
| 14,770 | 14,770 | 2,026 | |||||||||
| 9. | NET INCOME/(EXPENDITURE) | ||||||||||
| This is stated | after charging: | ||||||||||
| 2021 | 2020 | ||||||||||
| E | f | ||||||||||
| Staff pension | contributions | 1,132 | 702 | ||||||||
| Depreciation | 7,767 | 8,954 | |||||||||
| 10. | STAFF COSTS | AND EMOLUMENTS | |||||||||
| Total staff | costs were | as follows: | |||||||||
| 2021 | 2020 | ||||||||||
| f | f | ||||||||||
| Wages and | salaries | 19,537 | 19,406 | ||||||||
| Social security | costs | 245 | 361 | ||||||||
| Pension costs | 1,132 | 702 | |||||||||
| Private health | care | 3,912 | 4,204 | ||||||||
| 24,826 | 24,673 | ||||||||||
| Particulars | of | employees: | |||||||||
| The average | number | of | employees | during | the | year, | calculated | on the basis |
of full-time | ||
| equivalents, | was as follows: | ||||||||||
| 2021 | 2020 | ||||||||||
| No | No | ||||||||||
| Number of | administrative | staff | 1 | 1 |
| TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|
| Furniture | |||||
| Leasehold | Ofgce | Fixtures & | |||
| CON5OLIDATED | Property f |
Equipment f |
Fittings f |
Vehicles f |
Total f |
| COST OR VALUATION | |||||
| At 1Jan 2021 | 230,000 | 12,679 | 5,267 | 50,000 | 297,946 |
| Additions | 831 | 831 | |||
| Disposals | (230,000) | (8,139) | (25,000) | (263,1391 | |
| At31Dec2021 | 5,371 | 5,267 | 25,000 | 35,638 | |
| DEPRECIATION | |||||
| At 1Jan 2021 | 39,551 | 11,436 | 5,267 | 35,417 | 91,671 |
| Charge in year | 974 | 543 | 6,250 | 7,767 | |
| Eliminated on disposal |
(40,525) | (8,139) | (25,000) | P3,664) | |
| At31Dec2021 | 3,840 | 5,267 | 16,667 | 25,774 | |
| NET BOOK VALUE | |||||
| At31Dec2021 | 1,531 | 8,333 | 9,864 | ||
| At 31Dec2020 | 190I449 | 1,243 | 14,583 | 206,275 |
| 11. | TANGIBLE FIXEDASSETScont | |||
|---|---|---|---|---|
| Motor | ||||
| CHARITY | Equipmentf | Vehicles s |
Total 4 |
|
| COST | ||||
| At 1stJanuary 2021 | 12,679 | 50,000 | 62,679 | |
| Additions | 831 | 831 | ||
| Disposals | (8,139) | (25,000) | (33,139) | |
| At 31stDecember 2021 | 5,371 | 25,000 | 30,371 | |
| DEPRECIATION | ||||
| At 1stJanuary 2021 | 11,436 | 35,417 | 46,853 | |
| Charge forthe year | 543 | 6,250 | 6,793 | |
| Eliminated on disposal |
(8,139) | (25,000) | (33,139) | |
| ~i31stDmember 2$2- | 20;507 | |||
| NET BOOK VALUE | ||||
| At 31stDecember 2021 | 1,531 | 8,333 | 9,&64 | |
| At 31stDecember 2020 | 1,243 | 14,583 | 15,826 | |
| 12. | INVESTMENTS - Charity | |||
| Investment in Trading subsidiary |
2021 | 2020 | ||
| Market value at 1stJanuary 2021 | 173,603 | 173,603 | ||
| Market value at 31stDecember 2021 | 173,603 | 173,603 | ||
| Historical costat 31stDecember 2021 | 173,603 | 173,603 |
| Consolidated | Consolidated | Charity | ||
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| f' | f | f. | f | |
| Trade debtors | 33,112 | 54,983 | 16,297 | 49,233 |
| Other debtors | 761 | 761 | ||
| Prepayments | 1,235 | 6,010 | 1,235 | 6,010 |
| 34,347 | 61,754 | 17,532 | 56,004 |
| Consolidated | Consolidated | Charity | ||
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| f | f | f | f | |
| Trade creditors | 49,210 | 39,935 | 38,250 | 28,640 |
| Taxation and social security | 7,697 | 12,218 | 5,553 | 10,457 |
| Accruals and other creditors | 197,285 | 170,207 | 110,286 | 116,207 |
| 254,192 | 222,360 | 154,089 | 155,304 |
| Consolidated | Charity | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2031 | 2020 | |||||
| f | f | f | f | |||||
| Amounts | owed | to | group | undertakings | 475,674 | 413,674 | ||
| Bankloan | 35,000 | 35,000 | ||||||
| 35,000 | 475,674 | 448,674 |
| Consolidated | Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|---|
| 1Ian 2021 | resources | resources | 31Dac 2021 | ||
| f | f | f | f | ||
| General Funds | 172,814 | 269,900 | (130,106) | 312,608 | |
| Revaluation | reserve | 136,106 | (136,106) | ||
| Total Funds | 308,920 | 269,900 | (266412) | 312,608 |
| Consolidated | Balance at | Balance at | Incoming | Outgoing | Balance at | |||
|---|---|---|---|---|---|---|---|---|
| 1Jan 2021 | resources | resources | 31Dec2021 | |||||
| f | f | f | ||||||
| General Funds | 36,546 | 118,551 | (155,097) | |||||
| Total Funds | 36,546 | 118,551 | (155,097) | |||||
| ANALYSIS OF NET ASSETSBETWEEN FUNDS | ||||||||
| Net current | ||||||||
| Tangible | assets/ | |||||||
| fixed | assets | Investments | (liabilities) | Total | ||||
| f | f | f | f | |||||
| Consolidated | Unrestricted | Funds | 9,864 | 302,744 | 312,608 | |||
| Charity Unrestricted | Funds | 9,864 | 173,603 | (243,245) | (59,778) |