## Fire Fighters Charity
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
31 March 2021
Company Registration Number: 4480058 Charity Registration Number: 1093387 Scottish Charity Registration Number: SC040096
Fire Fighters Charity CONTENTS
||Page|
|---|---|
|Legal and Administrative Information|2|
|Trustees’ Report|3|
|Independent Auditor’s Report|19|
|Consolidated Statement of Financial Activities, incorporating an||
|Income and Expenditure Account|22|
|Charity Statement of Financial Activities, incorporating an|23|
|Income and Expenditure Account||
|Balance Sheets|24|
|Consolidated Cash Flow Statement|25|
|Charity Cash Flow Statement|26|
|Accounting Policies|27|
|Notes to the Financial Statements|32|
Fire Fighters Charity
1
Fire Fighters Charity LEGAL AND ADMINISTRATIVE INFORMATION
## **PATRON**
Her Majesty the Queen
## **TRUSTEES:**
Peter Davies, Chair John Baines, Deputy Chair Paul Fuller, Chair (to 07 June 2021) Andrew Lynch, Chair (resigned 18 November 2020) Andrew Best Graham Floyd (appointed 18 November 2020) Neil Gibbins Robert Andrew Hickmott Christopher Hirst (appointed 28 June 2021) Jane Nicklin (resigned 18 November 2020) Ruth Powell (appointed 18 November 2020, resigned 10 February 2021) Simon Routh-Jones Steve Tolan (appointed 18 November 2020) George Wood
## **Fire Fighters Charity is a company limited by guarantee.**
Registered in England Number 4480058 Charity Registration No 1093387 Scottish Charity Registration No SC040096
## **STRATEGIC LEADERSHIP TEAM:**
## **Chief Executive**
Jill Tolfrey
**HEADQUARTERS AND REGISTERED OFFICE:** FIRE FIGHTERS CHARITY Belvedere, Basing View Basingstoke, Hampshire, RG21 4HG Tel: 01256 366566 Fax: 01256 366599 Web: www.firefighterscharity.org.uk
## **RESIDENTIAL CENTRES:**
Ronnie Green Wing, Marine Court, Fitzalan Road, Littlehampton, West Sussex, BN17 5NF
Jubilee House, Eamont Park, Eamont Bridge, Penrith, Cumbria, CA10 2BN
Harcombe House, Chudleigh, Devon, TQ13 0DG
## **RETIREMENT HOMES:**
Marine Court Flats, Fitzalan Road, Littlehampton, West Sussex, BN17 5NF
Eamont Park Retirement Homes, Eamont Bridge, Penrith, Cumbria, CA10 2BN
## **AUDITOR:**
James Cowper Kreston, 2 Communications Road Greenham Business Park, Greenham, Newbury, RG19 6AB
## **INVESTMENT MANAGERS:**
Newton Investment Management Limited, 160 Queen Victoria Street, London, EC4V 4LA
## **Finance Director**
Martin Smith
## **Director of Organisational Development & Corporate Governance** Christine Goonan
## **Director of Beneficiary Services**
## **BANKERS:**
Barclays Bank PLC, 4[th] Floor, Apex Plaza, Forbury Road, Reading, RG1 1AX
## **CUSTODIANS:**
Bank of New York, 1 Canada Square, London, E14 5AL
Sharon Bailey
## **Director of Fundraising & Engagement**
Rachel Case (employed 18 August 2020, resigned 17 February 2021)
## **Director of Engagement & Fundraising**
Ruth Powell (employed 08 March 2021)
## **Company Secretary**
Christine Goonan
Fire Fighters Charity
2
## Fire Fighters Charity TRUSTEES’ REPORT
The Trustees are pleased to submit their Annual Report and audited financial statements for the year ended 31 March 2021.
Note: The Trustees are also the registered Directors of the charitable company.
## **Structure and Governance**
## **Legal and Administrative Information**
Legal and administrative contact information is given on page 2.
## **Legal Status**
Fire Fighters Charity (known as “the Fire Fighters Charity”) is a company limited by guarantee and a registered Charity, incorporated in England. The guarantee requires each member to contribute an amount not exceeding £1 in the event of the Charity being wound up. The Charity is governed by its Articles of Association dated 8 November 2018.
## **Charitable Aims, Public Benefit and Provision of Services**
The Trustees have carefully considered the Aims of the Charity and how it measures up to the Public Benefit test. The Charity provides a range of services to the Fire Services Community and the Trustees are satisfied that there are identifiable benefits that meet the Public Benefit Summary Guidance from the Charity Commission.
The Fire Fighters Charity is a national Charity providing assistance to serving and retired members of the fire and rescue service community, including eligible dependants. The Charity works to enhance quality of life and make a positive difference to the lives of beneficiaries.
The Charity supports its beneficiaries through digital, online, telephone, community based and residential services. Support is personalised to meet the beneficiary’s unique mental health, physical health and social needs and is accessed through a confidential helpline on a self-referral basis. Once beneficiaries (or their advocates) have contacted the Charity practitioners will take the time to understand their needs and explore with them what support and solutions may be appropriate to address their needs.
Trustee Board defined criteria are in place for all the Charity’s beneficiary services to ensure there is equity in access to the provision of services and charitable funds are used where there is an identified need. The Charity’s services are articulated in a Board approved service delivery document and all service delivery is underpinned by a Clinical and Social Care Governance framework ensuring continuous improvement and high standards of care are maintained. Systems and processes underpin the wider clinical and social care governance framework to ensure quality in service provision.
Whilst a nominal charge or ‘cost recovery’ may be applicable for some aspects of service delivery, for the majority of support provided by the Charity there is no charge. This enables access to services for all beneficiaries, irrespective of financial circumstances. Financial support to access the mainland for residential services can be provided to beneficiaries who reside on the UK islands.
Trustees receive data and research, against which the effectiveness of service provision can be measured (and to identify where future service development may be required).
## **Digital/Online/Telephone Support**
The Charity now provides digital support using Apps and a remote consultation platform that allows confidential consultation and the provision of physiotherapy and exercise therapy in support of primarily
Fire Fighters Charity
3
## Fire Fighters Charity TRUSTEES’ REPORT
physical problems. Alongside this the Charity provides online and telephone counselling for those beneficiaries needing mental health support.
## **Residential Services**
The Charity has three residential centres which offer a range of activities and programmes of support led by a multi professional team which includes Chartered Physiotherapists, Exercise Therapists and Psychological Therapists. Residential support is available for beneficiaries following injury or illness, for those with poor mental health, and those who present with long term and degenerative conditions. Facilities within each Centre include a gymnasium / fitness room, leisure pool and hydrotherapy pool. Residential stays are short term and on average beneficiaries spend 4-7 days at a Centre, however there is some flexibility in the length of a stay depending on individual need.
Underpinned by a philosophy of recovery, support is tailored to meet the needs of the individual with the multi professional team working in partnership with beneficiaries to identify solutions to meet their mental health, physical health, and social wellbeing needs. Beneficiaries may engage in different levels of activity, ranging from a residential stay that focuses on rest and relaxation to participation in a programme of structured activity. Health and wellness coaching is embedded within the support provided at the Centres, providing beneficiaries with up-to-date, evidence based information to enable them to make informed choices around their wellbeing. Residential support may be ‘front-ended’ with digital support which may also be in place to support sustained change following a residential stay.
Admission criteria support decision making regarding access to the most appropriate support. All support provided by the multi professional team is evidence based and adheres to best practice.
Nursing services are available at Jubilee House for beneficiaries with more complex needs who may require nursing or personal care. The Charity’s nursing services are regulated by the Care Quality Commission and delivered by a team of Registered Nurses and Clinical Assistants. A Nursing Services Lead (Registered Manager) oversees the delivery of this service.
The Charity also offers structured family support programmes at Harcombe House at specific times during the year (school holidays). These programmes support the family unit to manage challenges they are facing in life and provide families with the opportunity to relax, enjoy quality family time and meet other families who experience similar challenges. A range of appropriate activities is also available as part of these programmes, seeking to encourage greater social interaction, communication, increased confidence and improve wellbeing.
## **Community Based Support**
The Charity recognises that some beneficiaries may require support at home or when accessing services in their local communities. A small team of Welfare Caseworkers offer confidential, impartial advice and information on a wide range of issues that affect and impact upon everyday life. The team will carry out face to face and telephone assessments to identify solutions to meet individual need. Home visits are carried out where required by Welfare Caseworkers or approved volunteers.
Needs are assessed within a structured framework and against financial criteria. Statutory entitlements are fully considered and match funding opportunities with other organisations explored. Solutions can include the provision of equipment, assistance with home adaptations, or financial solutions to relieve crisis such as food poverty. Solutions provided through the Welfare Service are largely short term; long term support is only provided in exceptional circumstances and is subject to annual review. Where appropriate, beneficiaries are signposted on to external organisations.
Where appropriate health and wellbeing support can be offered remotely. This support is personalised to meet an individual’s need and may include telephone advice or consultation through video conferencing, signposting, or support to access local community groups or health / social care services. The Charity also runs ‘Living Well Groups’. These volunteer delivered groups focus on providing a longer term and sustainable way of keeping in touch post retirement.
Fire Fighters Charity
4
Fire Fighters Charity TRUSTEES’ REPORT
## **Support Provided Directly to Fire and Rescue Services**
The Charity also provides wellness and behaviour change coaching direct to members of the UK Fire and Rescue Services (UKFRS), through both digital and face to face delivery, supporting members of the workforce to engage in healthy behaviours to support mental, physical, and social health and wellbeing.
## **Trustee Recruitment, Appointment and Training**
The Charity advertises the role of Trustee on a national basis with Trustees appointed in line with the Articles of Association, role description and person specification. There are Board approved procedures for the recruitment, selection and induction of Trustees. The process of appointment of a new Trustee includes reviewing our skills audit to determine skills gaps within the Board of Trustees which informs the skills to be recruited, advertising the vacancy, issuing information and application documents, ascertaining a shortlist of applicants by using criteria based on the role requirements and interview by a panel including either the Chair or the Deputy Chair of the Board of Trustees, one other Trustee and two Company Members. The recruitment and selection procedure are regularly reviewed to enhance transparency and consistency, to meet legal requirements, and to ensure effective assessment of the skills required. New Trustees are given an induction programme. Where a vacancy occurs outside of the annual recruitment process, Trustees may appoint to the vacancy until the next Annual General Meeting. Ongoing training of Trustees is determined by the Board and individual Trustee needs assessments.
All Trustees give their time voluntarily and receive no financial benefits from the Charity. Any expenses reclaimed are in line with Board approved policies and are set out in note 7 to the accounts.
## **Statement of Trustees’ Responsibilities**
The Trustees (who are also directors of the Fire Fighters Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles in the Charities Statement of Recommended Practice (SORP)
-
- make judgements and estimates that are reasonable and prudent
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are
Fire Fighters Charity
5
## Fire Fighters Charity TRUSTEES’ REPORT
also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Provision of Information to the Auditor**
The Trustees who were in office on the date of approval of these financial statements have confirmed, as far as they are aware, that there is no relevant audit information of which the auditor is unaware. Each of the Trustees has confirmed that they have taken all the steps that they ought to have taken as a Trustee to make him or herself aware of any relevant audit information and to establish that it has been communicated to the auditor.
## **Charity and Organisational Structure**
Fire Fighters Charity is a company limited by guarantee and is a charity registered in England, Wales, and Scotland. We are governed by our Articles of Association which were last reviewed in 2018. The Articles permit up to 48 Company Members to be appointed from those who have a direct association with the fire services community. Trustees are also Company Members and are in addition to the 48 Company Members appointed from the fire services community. Our Company Members elect our Board of Trustees at our Annual General Meeting. Our Trustees are also the legal directors of the company.
Our Trustee Board consists of between 8 and 12 individuals, the majority of whom have a direct association with the fire services community. One quarter retire at each AGM and are eligible for reelection until they have served a maximum of 8 years, in all but exceptional cases.
The Board of Trustees met 4 times for scheduled meetings in 2020-21. In addition, to support effective governance and our work, 3 Board sub committees, with the remit of Beneficiary Services, Finance and Audit, and Staff and Governance, operated during the year within a documented framework which includes where a devolved decision can be made. A Company Member participated in 2 of the Board sub committees.
The Board of Trustees has control over the Charity and its property and funds. It directs the Charity’s operations and ensures compliance with our Articles of Association. Trustees agree and regularly review plans for achieving the Charity’s aims and the finances needed to support them.
Trustees appoint a Chief Executive who has full authority for the implementation of approved strategic plans and the daily running of the Charity. The daily operations are run with four Directors, responsible for Finance, Engagement & Fundraising, Beneficiary Services and Organisational Development and Corporate Governance.
The Charity wholly owns two subsidiary companies; Fire Fighters Trading Limited - which provides trading and commercial services - and FSNBF Limited, a dormant company. The accounts of Fire Fighters Trading Limited are consolidated with the Charity within the Group financial statements.
An annual pay review is conducted for all employees that takes into account inflation, external benchmarking data and affordability. The results of the review are considered by the Staff and Governance Committee and a recommendation made to the Board of Trustees.
The Chief Executive’s salary is decided by the Trustee Board prior to a vacancy being advertised and thereafter awarded any increase given to all employees. In addition, the salary is reviewed annually by the Chair of the Trustee Board. A decision to increase the Chief Executive’s salary, other than an increase awarded to all employees, must be recommended by the Chair and then approved by the Staff and Governance sub-committee, in order for the increase to be implemented. Any changes to the management structure at the level reporting directly to the Chief Executive requires the consideration and approval of the Staff and Governance sub-committee.
Fire Fighters Charity
6
## Fire Fighters Charity TRUSTEES’ REPORT
## **Charity Staff**
The Trustees place on record their grateful thanks to all the staff of the Charity. In particular, the Trustees wish to thank them for their devotion to their roles that ultimately exist to assist beneficiaries, and for their understanding as the Charity responded to the challenges of the Covid 19 pandemic.
## **Volunteers**
The Charity’s activities are supported by a large number of willing and enthusiastic volunteers who do so much, often behind the scenes, to help the Charity and its beneficiaries. While there is no mechanism available to formally calculate the value of their contribution it is undoubtedly of great value to the Charity. The Charity’s Trustees wish to record their gratitude and admiration for this effort, most especially their ongoing commitment and support during the Covid 19 pandemic.
## **Strategic Report**
## **Activities and Performance**
## **Objectives**
The Charity’s primary role continues to be support for those in need in the fire service community. This includes service personnel, former service personnel, works firefighters, former works firefighters, volunteers in a Fire and Rescue service, current and former Charity employees, personnel in Fire Services Youth Schemes and any dependant of any of these categories (with the exception of volunteers in a Fire and Rescue service).
Within the Articles of Association, the Trustees are given the powers to deposit or invest the monies of the Charity not immediately required for its operations, in any manner as may be thought fit. The Trustees may also delegate the management of investments to a financial expert.
At the Fire Fighters Charity, our vision is to be known as the UK fire service community’s go to provider of mental, physical, and social health support. Recognised for our caring, professional, and proactive approaches, we will deliver proven interventions through innovative means. Blending face-to-face expertise with digital, community and workplace based services, we will help the entire fire service community to live more healthily and seek to deliver personalised support to thousands and reach every corner of the UK.
Our strategic plan for 2020-21 to 2024-25 includes four portfolios of work, each of which contain a number of projects that will shape and define the way we work and operate over the years to come. The objectives of these portfolios and projects are focused on these two core principles:
**To expand our reach** : We should be a charity for every member of the fire services community, regardless of where they live or the circumstances in which they find themselves. The support we offer should therefore be accessible to all, so this plan sets out how we will remove barriers and provide services that can include all members of our community.
**To deliver more health and wellbeing services to more people** : Today, we support around 5,000 people a year, but we want to reach many more. Through investment in innovative new digital technologies; the development of community-based initiatives; the dissemination of health and wellbeing content and resources; close partnership working with fire and rescue services and organisations which complement our work; and major campaigns to raise awareness of who we are, what we do and how we can help, we are confident that we can transform our Charity into the nationwide provider of health and wellbeing support to the fire services community.
Fire Fighters Charity
7
Fire Fighters Charity TRUSTEES’ REPORT
## **Inform and Prevent**
Through the Inform and Prevent Portfolio and its associated projects we will inform our beneficiaries about health matters, equipping them with the skills, knowledge and confidence to maintain and improve their mental, physical and social health and wellbeing. By providing timely, relevant information for our beneficiaries we will help prevent the impact of many common health risks and conditions.
By 2025 we will
- be measuring how beneficiaries have engaged with the information and resources we have provided and be able to evidence how this has empowered them to make positive changes in their health behaviours.
- see the fire and rescue services regularly using us as a provider to support and deliver positive health and wellbeing messages and activities to engaged personnel.
- be a research-led organisation with our service delivery influenced and evidenced by research findings.
## **Respond and Recover**
Through the Respond and Recover Portfolio and its associated projects we will utilise a blend of digital, community and residential services to more effectively respond to beneficiaries who reach out for support. Earlier and easier access to expert help will provide faster outcomes for beneficiaries to recover and continued support will encourage sustained health and wellbeing.
By 2025 we will
- be delivering high quality digital, community and residential services that are timely, responsive and tailored to meet beneficiary need.
- be able to evidence how our digital, community and residential services have improved recovery, enhanced lives and empowered beneficiaries to make positive changes in their health behaviours.
## **Engage and Grow**
Through the Engage and Grow Portfolio and its associated projects we will engage and build stronger bonds with a growing number of beneficiaries and supporters, increase awareness amongst the fire services community and invest in lifelong associations. We will diversify and grow our income to provide the additional funds necessary to achieve our plan.
By 2025 we will
- see increased service usage, directly attributable to higher levels of awareness and engagement with the workforce, with those who are retired and with families in our community.
- know that our supporters and beneficiaries have become more engaged year on year, through evidence including an annual Supporter Engagement Survey.
- have inspired funders with our new model of health and wellbeing provision resulting in increasing levels of income annually, from a significantly expanded supporter base, new activity and high value, multi-year partnerships.
## **Enhance, Enable and Empower**
Through the Enhance, Enable and Empower Portfolio and its associated projects we will develop our culture, enhance our processes, technology and facilities, and further enable and empower our people to drive us forward.
By 2025 we will
Fire Fighters Charity
8
## Fire Fighters Charity TRUSTEES’ REPORT
- be an inclusive, connected and engaged organisation where positive values and behaviours are demonstrated.
- have the people, skills and processes to successfully deliver our strategy.
- have developed our facilities to support our strategic aspirations.
- have the systems and tools we need to enable collaboration, insight and data-driven decision making.
## **Measuring Success**
2020-21 was a challenging year for the Charity and its beneficiaries, the impact of the coronavirus global pandemic (Covid 19) affected everybody, changing how people lived and worked. In what was the first year of our new five-year strategic plan, Covid 19 further highlighted our need to adapt, validating the aims of the plan. The need to be able to reach more of our beneficiaries and in more ways had become critical. The most direct implications for the Charity and its employees were having to close our centres for most of the year due to Government guidance or restrictions, employees having to adapt to working from home or being placed on furlough leave where that was not possible, and the cancellation of fundraising events and face to face engagement activities. The Charity had been cut-off from its beneficiaries at a time many would need it more.
Despite these challenges the Charity and its employees adapted incredibly well and achieved great success in supporting beneficiaries. This success was supported by some vital progress made across all the portfolios of the new strategic plan, the outcomes of which are outlined below.
## **Inform and Prevent**
|**Target Outcome**|**Actual Outcome**|
|---|---|
|Our first campaign has gone live and we have
developed and launched a range of multimedia
content to support our campaign, tailoring our
messages to the needs of each of our beneficiary
groups. Our campaign analytics also indicate that
our beneficiaries have positively engaged with the
campaign.|**The first Health Awareness Programme**
**(Living Well Healthy Lifestyles) **
**successfully went live in Q4 with content**
**being delivered through social media,**
**website, and email. There was evidence of**
**positive engagement with 3,706 unique**
**page views.**|
|We have developed a range of health content
which has been launched via our online
community. Analysis of activity levels, content
feedback and online community surveys have
also helped inform us in regard to our
beneficiaries’ needs, as well as the requirements
of our key audiences in regard to successful
engagement.|**The launch of the online community was**
**delayed and subsequently rescheduled for**
**year two. Despite this, nearly 50 items of**
**Health and Wellbeing content were**
**developed for the community with several**
**items shared in the meantime on social**
**media and the website.**|
|We have developed a programme of content
covering four wellbeing areas and are working
with at least four fire and rescue services to
provide knowledge and health coaching to their
workforces, through either digital or face to face
delivery.|**In 2020-21 we delivered sessions to 6 fire**
**and rescue services with a further 5 in the**
**exploratory stage. Due to Covid 19 these**
**sessions were all delivered digitally.**|
Fire Fighters Charity
9
## Fire Fighters Charity TRUSTEES’ REPORT
A research skills audit for employees has been **The skills audit was completed with the** completed and, informed by this data, a training **results informing the future roll out of** and development plan has been developed and **research skills training. The research** implemented. We have a ‘live’ research strategy **strategy was developed, and this will be** with clearly defined objectives to underpin **implemented with the support of the newly** evidence based decision making around every **established Research and Development** aspect of our service design and delivery. **Group. Training programme will go live in September 2021.**
## **Respond and Recover**
|**Respond and Recover**||
|---|---|
|**Target Outcome**|**Actual Outcome**|
|Our new case management system has been
successfully implemented enhancing collaborative
working.|**Our new case management platform was**
**successfully implemented and ready for**
**use for the start of year two. This system**
**will be developed further throughout the**
**plan.**|
|We can evidence that, thanks to our proactive
work with fire and rescue services and the wider
community, we are seeing growing numbers of
beneficiaries reaching out to the Charity for
support.|**Due to Covid 19 our centres were closed for**
**almost the whole year, but despite this, our**
**new services delivery methods supported**
**3,226 new cases in 2020-21, only 25% less**
**than 2019-20. In addition to this number,**
**many other beneficiaries benefitted from**
**digital living well group or online health**
**content.**|
|We have developed our digital provision,
increasing the number of one to one consultations
and expanding our services to include digital
groups. Outcome measures indicate a positive
impact and beneficiary feedback shows
consistently high levels of satisfaction.|**The development of digital consultations**
**was essential to the success of the Charity**
**during Covid 19, with over 3,000**
**consultations delivered in 2020-21; this was**
**a significant uplift on the 74 consultations**
**delivered in 2019-20.**|
|We are successfully blending digital innovation
with residential support for those beneficiaries
who need it.|**Due to Covid 19 our residential centres**
**were only open for 6 weeks during 2020-21**
**and so we were unable to achieve this**
**outcome. This will now be a target for year**
**two.**|
## **Engage and Grow**
|**Target Outcome**|**Actual Outcome**|
|---|---|
|We have built and launched phase one of our new
online community on the web and via mobile app,
and a small number of beneficiaries and supporters
have started to use it to create their own personal
connection with us. We will have developed a clear
roadmap for further development.|
**The scheduled launch of the community was**
**delayed to deliver a more cost-effective**
**implementation of this bespoke capability.**
**The project will now commence the testing**
**and piloting phases in Q1 of 2021-22 with a**
**go-live date for the new site and app in Q2.**|
Fire Fighters Charity
10
## Fire Fighters Charity TRUSTEES’ REPORT
|We have changed our engagement with our
beneficiaries across the fire services community,
creating digital approaches to ensure we continue
to provide much needed services.|**Several new digital solutions were developed**
**in the year, including QR codes and**
**additional mobile payment methods, with**
**new digital donation campaigns being tested**
**on multiple channels. This increased**
**capability and learning will inform future**
**engagement and campaigns.**
**We established an online fundraising**
**programme The Fire Family Challenge which**
**successfully engaged fundraisers of all ages**
**and abilities in innovative activities within**
**the restrictions of lockdown.**|
|---|---|
## **Enhance, Enable and Empower**
|**Target Outcome**|**Actual Outcome**|
|---|---|
|An employee engagement survey has been
undertaken and key performance indicators have
been established. The framework to develop our
culture and values has been determined and our
people are participating in the project.|**While the framework to develop our culture**
**and values has been determined, an**
**engagement survey was not undertaken**
**due to many employees not being at work**
**due to Covid 19. This has also meant that**
**the project could not commence, it has**
**been delayed until employees have**
**returned to work.**|
|The skills required for each role have been
established and a skills audit undertaken with
each employee in four areas of the organisation;
plans to develop skills are in place and training
has commenced.|**Despite the challenges of employees being**
**away from work during Covid 19, the skills**
**required in 4 areas have been developed**
**with training scheduled for the next year.**|
|The governance framework, methodology and
tools for process improvement have been agreed.
The documenting of processes and owners is
underway. A project team is in place and are
reviewinga coreprocess.|**The governance framework, methodology**
**and tools for process improvement have**
**been agreed and ten process improvement**
**projects were initiated.**|
|We have migrated to a new IT Infrastructure,
which is effectively supporting the latest core
business software. This will have supported
collaboration within project teams and the
foundations of new reporting solutions.|**The new IT infrastructure solution was**
**agreed, and pilot testing commenced. The**
**implementation period was, however,**
**extended to year two to reflect the scale of**
**the change and to deliver a more effective**
**outcome.**|
|There is clarity about our key data, and we have
an initial set of validated key performance
indicators ready to be used by management in
2021-22.|**This project was behind schedule at the**
**year end, however the reporting of new key**
**indicators was expected to be delayed only**
**until the end of Q1 ofyear two.**|
Fire Fighters Charity
11
## Fire Fighters Charity TRUSTEES’ REPORT
## **Financial Review**
The consolidated accounts for the year are set out on pages 22 to 47 and should be read in conjunction with this section of the Trustees’ report. A summary of the financial results and the work of the Charity are set out below.
The net movement in funds for the year amounted to £2,892,537. This is represented by: -
|Incoming resources
Resources expended
**Net outgoing resources**
Gain on investment assets
Actuarial gain on defined benefit pension scheme
|£ 8,272,358
£ (8,743,323)|
|---|---|
||
**£ (470,965)**
£ 3,253,502
£ 110,000
**£ 2,892,537**|
## Capital Expenditure
The investment in capital expenditure during the year amounted to £193,562.
## Incoming Resources
Overall, 2020-21 was a difficult year for income, with total incoming resources of £8,272,358 being generated, a decrease of £1,697,978 on the £9,970,336 raised in 2019-20.
Government restrictions limited community fundraising during Covid 19 and this income activity was the hardest hit, but one-off gifts increased through new digital campaigns and online technology. Overall, income from Corporate and other donations fell by £1.1m to £1.3m. Legacy income was down this year, in some part due to the delays in processing the estates of those who have died; income of £0.6m was achieved compared with £0.8m in 2019-20.
Committed giving grew this year, mainly due to the recruitment of new regular donors and lottery players in the prior year, the retention of these and existing donors increased overall income from Regular Giving and Lottery to £4m from £3.8m in 2019-20.
The impact of coronavirus related restrictions on the Charity’s service delivery resulted in a significant number of staff being placed on the Government Coronavirus Job Retention Scheme. This scheme provided much needed income to the Charity of £1.1m during 2020-21; this income is included within Grants. The second and final year of Government funding for the Harcombe House development, an amount of £763k, was included within Grants in 2019-20.
Recycling income, which is included in Trading income, was also negatively impacted this year, with income falling by £199k to £445k. The recycling industry is a global business and in addition to the impact within the UK the industry was further impacted by reduced access to global markets. The Charity worked closely with its partners to ensure all banks continued to be emptied as normal, this was a very positive outcome considering the challenges faced.
Income in 2021-22 will continue to be affected by the impact of the pandemic, for example, public fundraising events will not return to normal for some time due to continued Government restrictions on public events.
## Resources Expended
Total expenditure for the year was £8,743,323 compared with £9,953,459 for last year, a 12% or £1,210k decrease.
Fire Fighters Charity
12
## Fire Fighters Charity TRUSTEES’ REPORT
The Covid 19 related restrictions on face-to-face activity led to the cancellation of fundraising events and the halting of committed giving sign-up activity. While this resulted in a significant reduction in income, some of this was offset by a reduction in the overall cost of raising funds, with £2.6m being spent in 2020-21, a reduction of £574k.
With the centres being closed for almost the whole year, their associated running costs were reduced, so in total charitable expenditure fell by £0.7m to £6.1m. On a more positive note, this spend includes new funding for improving our capability to support our beneficiaries, as demonstrated within the measuring success section.
## Investments
The value of investments held at 31 March 2021 was £15,902,404. In addition, cash balances of £2,348,074 were held to support normal cash flow requirements and planned cash outflows.
On 31 March 2018, 9 flats contained within the Marine Court complex in Littlehampton were reclassified as investment property. These assets were previously used in support of charitable activities but were now commercially let outside of the Charity’s beneficiary base. During the year to 31 March 2021, a further property within the complex was reclassified as investment property. The properties were professionally valued in 2018 at £175k each. Having reviewed similar properties for sale in the area at the end of the financial year, no adjustment to the value of these investments is deemed necessary. The total value of property investments at 31 March 2021 is £1,750,000.
There has been an increase in the value of cash and investments this year of £3,547,756; being unrealised net gains from existing investments of £3,253,502, an investment property addition of £83,673 and an increase in cash held of £210,581. The total return of the investment fund for the year was 32.3%, this was 8.9% above the benchmark. The investment fund is focused on total return and growth. Income received from listed investments was £356k. The fund incurs a management charge of 0.65%, this equated to approximately £86k in 2020-21 (£85k 2019-20).
The investment policy communicated to our investment managers remained unchanged from the previous year and focused on providing revenue for current operations and enhancing capital growth and income over the longer term, thereby enabling the Charity to meet current and future objectives in accordance with the objects of the Charity. The funds are invested in a Socially Responsible Investment Fund managed by the Charity’s investment managers in accordance with the Charity’s ethical policy.
## Our Approach to Fundraising
The Fire Fighters Charity sets out to fundraise in an open, honest and respectful manner. We use multiple channels to fundraise from various audiences. When developing our fundraising campaigns, we assess the impact our fundraising could have on an individual and take actions to mitigate any negative impact. When running fundraising campaigns, we welcome feedback and use this to help shape future fundraising campaigns. We always treat donor data responsibly and are compliant with all UK data protection laws. Our privacy policy is published on our website and gives details of the information we hold and how and why we process it.
We are registered with the Fundraising Regulator. When fundraising, the Charity adheres to the Code of Fundraising Practice as set by The Fundraising Regulator. For our lottery and raffles, we are also licensed by the Gambling Commission. We routinely monitor and review our fundraising activities to ensure that we comply with regulations. Our fundraising team managers regularly monitor and review performance by attending our fundraising events and talks, providing feedback to our fundraisers. For the 2020-21 business year, when conducting telephone fundraising the majority of calls were recorded and where they were, a sample of calls for each campaign were listened to. For our external face to face lottery agency, we have regular catch ups with team leaders and their managers, as well as monitoring feedback from donors about their experience. In respect of complying with the Code of Fundraising Practice, we have had no adjudications and have had no significant failures.
Fire Fighters Charity
13
## Fire Fighters Charity TRUSTEES’ REPORT
We record and investigate all fundraising complaints received and use this information to inform our fundraising strategy. For the financial year 2020-21 we received 21 complaints compared to 25 in the previous year.
We ensure that our fundraisers follow the Fundraising Regulator’s policy on vulnerable people. We listen to our donors and take on board their feedback and change our behaviour accordingly. For example, we do not use telephone fundraising after 8pm as our supporters told us that they did not want to be called after this time. We also work in line with the best practice guidance from Institute of Fundraising, documented in their Guide “Treating donors fairly - fundraising with people in vulnerable circumstances”. When working with an external agency we ensure that they have a vulnerable person policy in place and do not work with agencies that do not have this. For our lottery and raffles, we also have a Social Responsibility Policy which is published on our website. All fundraisers (internal and external) have a training session to understand this policy before they promote our lottery, and they have regular refresher sessions.
Without the generous support of donors, the Charity could not provide the mental, physical and social support to thousands of beneficiaries every year. We will therefore always set out to fundraise in an open, honest and respectful manner.
## **Fire Fighters Trading Limited**
2020-21 was a challenging year for Fire Fighters Trading with all the company’s activities being affected by Covid 19. Despite this, a profit for the year of £426k, before paid or proposed donations to the Charity, was achieved. While this was much lower than the £822k achieved in 2019-20, the ability to make a donation of this size to the Charity in this difficult year was very pleasing.
In addition to challenges faced within the UK, the recycling industry was severely impacted by the disruption to their international textile markets. Because of this and in order to ensure that our banks would continue to be routinely emptied during this difficult time, a temporary reduction in the price per tonne was agreed. The positive relationship that we have with our recycling partners delivered £445k of income while, at the same time, also maintaining a high standard of bank management which is vital for the fire and rescue services they are placed with.
Due to Covid 19 related Government imposed restrictions and guidance, the Charity centres were closed for most of the year and this limited the opportunity to generate income from this source. Outside of the usual solar panel generated income, rental and associated income was limited to just £38k and no private rehabilitation services were able to be sold. In 2019-20 there had been approximately £499k of income generated from activity linked to these centres.
During the first national lockdown from March to June 2020, it was decided to temporarily close our online merchandise offering as the reduced volume of trade was not sustainable. From the summer onwards the store was reopened, and sales gradually returned, achieving an income for the year of £138k, 58% of the total achieved in 2019-20. Considering the closure time and the ongoing challenges this result was very positive.
The Covid 19 related challenges to trade in 2020-21 are expected to continue into the next business year, quarter one in particular, so while the new financial year will be an improvement on the year just gone trade is not forecast to reach the levels achieved on 2019-20. The positive net profit achieved in 2020-21 does however demonstrates the company’s strength, which confirms its ability to continue as a going concern despite the continuing impact on activity.
Fire Fighters Charity
14
Fire Fighters Charity TRUSTEES’ REPORT
## **Reserves Policy**
The reserves policy aims to ensure that the Charity continues to set aside funds that enable it to achieve its objectives, while at the same time ensuring there are adequate reserves held to ensure continuity of service to beneficiaries if setbacks occur. The Board approved policy accords with five principal statements of intent:
1. Funds held as tangible fixed assets for Charity use are not available to be expended and will therefore be designated.
2. Reserves will be designated to reflect the Board’s requirement to hold in reserve the minimum of either 12 months’ expenditure or the value of investments held to support the income target for the year ahead.
3. Reserves will be designated where appropriate to fund future plans where income from those future years is not expected to be sufficient to meet the expenditure requirements. These funds will be held in a combination of fixed and current assets as appropriate.
4. Reserves will be designated as appropriate to fund investment in the facilities of the Charity for the purpose of increasing the sustainability of services or generating new income.
5. An appropriate level of free reserves will be held in current assets to ensure that the necessary funds are available to meet the day to day operational requirements of the Charity.
At 31 March 2021 the reserves totalled £33,812,928. This is represented by:
|Restricted Funds
Designated Funds
General Funds|£
180,765
£
32,352,125
£
1,280,038|
|---|---|
||£
33,812,928|
As at 31 March 2021 the Charity has a defined benefit pension scheme surplus of £443,000. These funds are allocated to general funds.
The Trustees review the financial performance of the Charity in conjunction with the reserves policy on a quarterly basis. As at 31 March 2021 the total value of reserves held was allocated to specific funds in accordance with the five principal statements of the reserves policy. Free reserves of approximately 4 weeks’ worth of expenditure remain in place to support the day to day operational requirements of the Charity. The value of reserves held ensure the Charity’s position as a going concern.
## **Risk Management**
There is a Board approved Operating Procedure for Risk Management. Processes are in place to enable Trustees to examine major strategic and operational risks. Risk Management is part of the working lives of staff and volunteers and is an integral part of performance management. Risk assessment has been introduced as part of many policies and procedures. Strategic risk registers are reviewed by the Finance and Audit Committee at each meeting and the full board annually. The Trustees confirm that the major risks that they have identified to which the Charity is exposed have been reviewed, and systems and procedures have been established to manage those risks. The most significant strategic risks relate to the impact of Covid 19, these include: the ability to deliver services and the potential increase in demand, the loss of income due to restrictions imposed on fundraising activities and the risk to our employees in terms of their health and wellbeing and their employment. The objectives within the strategic plan are helping to mitigate these risks, in particular the development of new digital services and fundraising methods and diversifying our service offering and income generating activities.
Fire Fighters Charity
15
Fire Fighters Charity TRUSTEES’ REPORT
## **Safeguarding**
We will not tolerate the abuse of adults in any of its forms and we are committed to safeguarding adults with care and support needs and ensuring that all our services are delivered within a safe and effective framework.
We respect the rights of all service users to live their chosen life with privacy, dignity, independence, choice and fulfilment. Responsibility for working preventatively, safeguarding and protecting service users’ privacy, dignity and respect does not lie with one individual or group but with all our employees at every level. Safeguarding and respect are not additional elements of our service / care provision, but integral to the delivery of high-quality and safe and effective services.
We are committed to working collaboratively and in partnership with other agencies to ensure service users access their human right to live a life that is free from harm, neglect and exploitation.
## **Environmental Statement**
We take our impact on the environment seriously and along with some recent specific activities we have a number of solar panels in each of our three centres which have generated approximately 500,000 KWh since installation in November 2014.
We work closely with our suppliers to ensure their impact on the environment is a top priority. This can be down to how they lower their effect on the environment to changes in the products we purchase to reduce chemicals and introduce more natural solutions.
Our 300-acre site at Harcombe House in Devon uses re-claimed rainwater for much of the maintenance required to keep the grounds in a well-kept state. In addition, petrol vehicles used around the grounds have been changed for electric powered buggies. The site also works closely with the RSPCA to monitor and care for the wildlife in the grounds, ensuring that they have suitable surroundings to thrive. We have also developed links with the Forestry Commission, whose land borders ours, to ensure the acres of woodland that covers both properties are well maintained and safe and promote the growth of wildflowers across both areas.
We have developed close links with the Environment Agency at both Harcombe House in Devon and Jubilee House in Cumbria. Both properties have either a river running through the land or bordering it. At Jubilee House our teams worked closely with the Environmental Agency following flooding in 2016. The property now has a high specification flood defence system and further work continues with the Environment Agency on their proposals for the weir on the River Eamont which borders our property.
The environment was considered throughout the refurbishment of Harcombe House. Where possible Forest Stewardship Council materials were used to ensure the products came from well managed forest and recycling resources. Our contractors recycled waste that was removed where possible. The heating systems and insulation were upgraded to increase efficiency throughout with the aim of reducing our energy consumption, and along the same lines, lighting systems were replaced in the main house and outbuildings with modern, low energy LED fittings which again aid a reduction in our energy consumption.
All our sites recycle, and we encourage our rental guests to consider recycling by providing collection facilities for different waste products.
We offer our employees flexible working arrangements where possible, and meetings are held via video conferencing where appropriate; one benefit of both is the reduction of travel.
This year we have commenced the development of an Environmental Management System (EMS) by developing an environmental impact assessment for each building. The EMS is being developed in line with our strategic plan and will assist us to improve our environmental performance, minimise risk and reduce organisational overheads.
Fire Fighters Charity
16
## Fire Fighters Charity TRUSTEES’ REPORT
As part of the wider environmental project, we have reviewed our utility supplier and have agreed contracts that will provide green electrical energy and offset our carbon usage for natural gas. The carbon offset is certificated by the United Nations CERs accreditation scheme which aims to help reduce and prevent carbon dioxide emissions through projects in developing countries under its Clean Development Mechanism.
In the coming year we will continue to review our systems to ensure that any new equipment can utilise green energy sources. This will include a review of natural gas and LPG boilers and potential alternatives such as ground source heat pumps, electrical boilers, and the potential to self-produce greener energy in the future.
## **Going Concern**
Covid 19 resulted in the Charity’s rehabilitation centres and head office being closed for most of the year. It also caused the cancellation of fundraising events and activities. While this led to a significant reduction in the Charity’s ability to support beneficiaries, the financial impact on the year was modest, this was due to a reduction in running costs and government support for wages through the job retention scheme. The Charity was able to make progress with implementing the new strategic plan, with the development of new digital solutions helping to mitigate some of the challenges of the pandemic. These planned strategic investments also contributed to the loss in the year.
The Charity’s ability to progress with the strategic aims during these challenging times was due to the strength of reserves held which enabled the Trustees to designate £2m of reserves to mitigate the impact of a reduction in income as well as £2m of reserves to support the objectives of the 5 year strategic plan. As at the 31 March 2021 £471k of the £4m of designated funds had been used, with a further £2m expected to be needed in the year to 31 March 2022. This would leave a further £1.5m to support years 3 to 5 of the plan. In addition to these designated funds the reserves policy requirement to hold a minimum of 12 months of expenditure has also been met. The ability to continue to fund strategic plans during a global crisis while operating within the framework of the existing reserves policy demonstrates the Charity’s ability to continue as a going concern.
## **Future Plans**
It is with great sadness that we report the death of Paul Fuller, Chair of The Trustee Board, on 7[th] June 2021.
In responding to this interregnum, our usual arrangements for the annual election of Chair and Deputy Chair have been amended to both allow Trustees more time to consider their position and to be sensitive and respectful to the exceptional circumstances.
The Board of Trustees have appointed Peter Davies as Chair for the period up to and including the AGM on 18[th] November 2021, with the newly appointed Chair and Deputy Chair formally taking up their positions after the AGM.
2021-22 will be the second year of our ambitious 5 year Strategic Plan and despite the continued challenges that the Charity faces, we look forward to building on our success from year one.
In line with the plan, we will continue to progress several projects within each of the four portfolios outlined in this report, collectively enabling us to achieve our aims by 2025. In the next twelve months specifically, we have identified the following key outcomes:
- Provision of a broad range of dynamic health & wellbeing content and campaigns that are being engaged with by an increasing number of beneficiaries.
- Becoming more closely aligned with our Fire and Rescue Service partners to aid more proactive support at the earliest opportunity.
Fire Fighters Charity
17
## Fire Fighters Charity TRUSTEES’ REPORT
- Delivering improved outcomes and impact from starting to wrap digital interactions around our residential provision.
## **Auditors**
A resolution to reappoint James Cowper Kreston, Chartered Accountants as auditor will be put to the Members at the annual general meeting.
## **On behalf of the Trustees**
**Peter Davies Chair of the Board 28 July 2021** Company Registration Number: 4480058
Charity Registration Number: 1093387 Scottish Charity Registration Number: SC040096
Fire Fighters Charity
18
## Fire Fighters Charity INDEPENDENT AUDITOR’S REPORT
## **Independent Auditor’s Report to the Trustees and Members of Fire Fighters Charity**
We have audited the financial statements of The Fire Fighters Charity (the 'parent charitable company’) and its subsidiaries (the 'group') for the year ended 31 March 2021 set out on pages 22 to 47. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the group's and of the parent charitable company’s affairs as at 31 March 2021 and of the group's and parent charitable company’s incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If based on the work we have performed,
Fire Fighters Charity
19
Fire Fighters Charity INDEPENDENT AUDITOR’S REPORT
we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees’ Report including the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the Trustees’ Report and the Strategic Report have been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:
- the information given in the Trustees’ report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the parent charitable company’s financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of Trustees**
As explained more fully in the Trustees' Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the group's and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Enquiry of management, those charged with governance and the entity’s solicitors (or inhouse legal team) around actual and potential litigation and claims;
- Enquiry of entity staff in tax and compliance functions to identify any instances of noncompliance with laws and regulations;
Fire Fighters Charity
20
## Fire Fighters Charity INDEPENDENT AUDITOR’S REPORT
- Reviewing minutes of meetings of those charged with governance;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and revieing accounting estimates for bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
## **Use of our report**
This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company’s Trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an Auditor’s Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Michael Farwell MA FCA DChA (Senior Statutory Auditor) for and on behalf of **James Cowper Kreston**
Chartered Accountants and Statutory Auditor 2 Communications Road Greenham Business Park Greenham Newbury Berkshire RG19 6AB
Date: 18/10/2021
Fire Fighters Charity
21
## Fire Fighters Charity
## CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES, INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT Year ended 31 March 2021 Company Registration Number: 4480058
|Note
Unrestricted
Funds
£
**INCOME FROM:**
Donations and legacies
1
4,277,784
Other trading activities
2
2,204,161
Investments
4
359,590
Charitable activities
137,082
Other income
-
**TOTAL INCOME**
6,978,617
**EXPENDITURE ON:**
Raising funds
5
2,555,443
Charitable activities:
Physical Health
5
2,471,308
Mental Health
5
1,621,908
Social Health and Wellbeing
5/6
694,826
Other expenditure
129,186
Total expenditure on charitable activities
4,917,228
**TOTAL EXPENDITURE**
7,472,671
Net (expenditure)/income before investment
gains and losses
(494,054)
Net gains/(losses) on investments
11
3,253,502
**NET INCOME/(EXPENDITURE)**
2,759,448
Transfers between funds
118,000
**OTHER RECOGNISED GAINS & LOSSES:**
Actuarial gains/(losses) on defined benefit
pension scheme
8
110,000
**NET MOVEMENT IN FUNDS**
**2,987,448**
**RECONCILIATION OF FUNDS**
Total funds brought forward
30,644,715
**TOTAL FUNDS CARRIED FORWARD**
**33,632,163**|Restricted
Funds
£
1,293,741
-
-
-
-
1,293,741
59,556
973,324
230,148
7,624
-
1,211,096
1,270,652
23,089
-
23,089
(118,000)
-
**(94,911)**
275,676
**180,765**
|Total to
31 March
2021
£
5,571,525
2,204,161
359,590
137,082
-
8,272,358
2,614,999
3,444,632
1,852,056
702,450
129,186
6,128,234
8,743,323
(470,965)
3,253,502
2,782,537
-
110,000
**2,892,537**
30,920,391
**33,812,928**
|Total to
31 March
2020
£
6,591,410
2,864,962
360,317
145,697
7,950
9,970,336
3,186,630
3,998,440
2,049,268
719,121
-
6,766,829
9,953,459
16,877|
|---|---|---|---|
||||(820,107)|
||||(803,230)|
||||-
326,000|
||||**(477,230)**|
||||31,397,621|
||||**30,920,391**|
## All activities are continuing.
The Statement of Financial Activities includes all gains and losses recognised in the year. The comparative figures for restricted funds are shown in the notes to the accounts.
Fire Fighters Charity
22
## Fire Fighters Charity
## CHARITY STATEMENT OF FINANCIAL ACTIVITIES, INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT Year ended 31 March 2021 Company Registration Number: 4480058
|Note
Unrestricted
Funds
£
**INCOME FROM:**
Donations and legacies
1
4,277,784
Other trading activities
2
1,557,283
Investments
4
684,013
Charitable activities
137,082
Other income
-
**TOTAL INCOME**
6,656,162
**EXPENDITURE ON:**
Raising funds
5
2,333,985
Charitable activities:
Physical Health
5
2,471,308
Mental Health
5
1,621,908
Social Health and Wellbeing
5/6
694,826
Other expenditure
129,186
Total expenditure on charitable activities
4,917,228
**TOTAL EXPENDITURE**
7,251,213
Net (expenditure)/income before investment
gains and losses
(595,051)
Net gains/(losses) on investments
11
3,253,502
**NET (EXPENDITURE)/INCOME**
2,658,451
Transfers between funds
118,000
**OTHER RECOGNISED GAINS & LOSSES:**
Actuarial gains/(losses) on defined benefit
pension scheme
8
110,000
**NET MOVEMENT IN FUNDS**
**2,886,451**
**RECONCILIATION OF FUNDS**
Total funds brought forward
30,516,503
**TOTAL FUNDS CARRIED FORWARD**
**33,402,954**|Restricted
Funds
£
1,293,741
-
-
-
-
1,293,741
59,556
973,324
230,148
7,624
-
1,211,096
1,270,652
23,089
-
23,089
(118,000)
-
**(94,911)**
275,676
___
**180,765**
|Total to
31 March
2021
£
5,571,525
1,557,283
684,013
137,082
-
7,949,903
2,393,541
3,444,632
1,852,056
702,450
129,186
6,128,324
8,521,865
(571,962)
3,253,502
2,681,540
-
110,000
**2,791,540**
30,792,179
**33,583,719**
|Total to
31 March
2020
£
6,591,410
1,474,007
1,235,854
145,697
7,950
9,454,918
2,635,663
3,998,688
2,030,453
719,222
-
6,748,363
9,384,026
70,892|
|---|---|---|---|
||||(820,107)|
||||(749,215)|
||||-
326,000|
||||**(423,215)**
31,215,394|
||||**30,792,179**|
All activities are continuing.
The Statement of Financial Activities includes all gains and losses recognised in the year. The comparative figures for restricted funds are shown in the notes to the accounts. Fire Fighters Charity 23
Fire Fighters Charity BALANCE SHEETS As at 31 March 2021
## Company Registration Number: 4480058
|Note
**FIXED ASSETS**
Tangible assets
10
Investments
11
Investments in group companies
12
**CURRENT ASSETS**
Stocks
13
Debtors
14
Cash at bank and in hand
**CREDITORS: AMOUNTS**
**FALLING DUE**
**WITHIN ONE YEAR**
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
Defined Benefit Pension scheme
8
**NET ASSETS**
**FINANCED BY:**
Restricted funds
16
Designated funds
16
General funds
16|Group
2021
£
14,288,108
15,902,404
-
30,190,512
64,603
1,211,282
2,348,074
3,623,959
(444,543)
3,179,416
33,369,928
443,000
33,812,928
180,765
32,352,125
1,280,038
33,812,928|Charity
2021
£
14,288,108
15,902,404
4
30,190,516
4,766
1,098,222
2,241,114
3,344,102
(393,899)
2,950,203
33,140,719
443,000
33,583,719
180,765
32,160,097
1,242,857
33,583,719|Group
2020
£
14,933,808
12,565,229
-
27,499,037
80,580
1,362,459
2,137,493
3,580,532
(488,178)
3,092,354
30,591,391
329,000
30,920,391
275,676
29,499,037
1,145,678
30,920,391|Charity
2020
£
14,933,808
12,565,229
4
27,499,041
7,611
1,345,662
2,019,136
3,372,409
(408,271)
2,964,138
30,463,179
329,000
30,792,179
275,676
29,499,037
1,017,466
30,792,179|
|---|---|---|---|---|
Approved and authorised for issue by the Charity Trustees on 28 July 2021 and signed on their behalf by:-
Peter Davies – Chair
Fire Fighters Charity
24
Fire Fighters Charity CONSOLIDATED CASH FLOW STATEMENT Year ended 31 March 2021
|Note
**NET CASH INFLOW**
**PROVIDED BY OPERATING**
**ACTIVITIES**
20
**CASH FLOWS FROM**
**INVESTING ACTIVITIES**
Dividends, interest and rents
from investments
4
Purchase of property, plant and
equipment
10
Proceeds from sale of
equipment
Proceeds from sale of
investments
11
**NET CASH GENERATED BY /**
**(USED BY) INVESTING**
**ACTIVITIES**
**CHANGE IN CASH AND**
**CASH EQUIVALENTS IN THE**
**REPORTING PERIOD**
Cash equivalents at the
beginning of the reporting
period
**CASH AND CASH**
**EQUIVALENTS AT THE END**
**OF THE REPORTING PERIOD**
21|£
359,590
(193,562)
2,850
-|2021
£
41,703
168,878
210,581
2,137,493
2,348,074|£
360,317
(1,477,036)
7,950
1,500,000|2020
£
465,080
391,231|
|---|---|---|---|---|
|||||856,311
1,281,182|
|||||2,137,493|
Fire Fighters Charity
25
Fire Fighters Charity CHARITY CASH FLOW STATEMENT Year ended 31 March 2021
|Note
**NET CASH (OUTFLOW) /**
**PROVIDED BY OPERATING**
**ACTIVITIES**
20
**CASH FLOWS FROM**
**INVESTING ACTIVITIES**
Dividends, interest and rents
from investments
4
Purchase of property, plant and
equipment
10
Gift Aid payment from
subsidiary
4
Proceeds from sale of
equipment
Proceeds from sale of
Investments
11
**NET CASH GENERATED BY**
**INVESTING ACTIVITIES**
**CHANGE IN CASH AND**
**CASH EQUIVALENTS IN THE**
**REPORTING PERIOD**
Cash equivalents at the
beginning of the reporting
period
**CASH AND CASH**
**EQUIVALENTS AT THE END**
**OF THE REPORTING PERIOD**
21|£
359,145
(193,562)
324,868
2,850
-|2021
£
(271,323)
493,301
221,978
2,019,136
2,241,114|£
359,722
(1,477,036)
876,132
7,950
1,500,000|2020
£
(454,307)
1,266,768
812,461
1,206,675
2,019,136|
|---|---|---|---|---|
Fire Fighters Charity
26
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **PRINCIPAL ACCOUNTING POLICIES**
The Statements of Financial Activities and Balance Sheets have been prepared in accordance with applicable accounting standards under the historical cost convention, except for investments, which are stated at market value.
The Statements of Financial Activities and Balance Sheets reflect the requirements of the Statement of Recommended Practice ‘Accounting and Reporting by Charities' (SORP), issued in 2019 (which is applicable to charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland [FRS102]) and the Companies Act 2006.
The Fire Fighters Charity constitutes a public benefit entity as defined by FRS 102.
## **DONATIONS**
Donations and gifts are recognised in the Statements of Financial Activities and Balance Sheets as soon as there is entitlement, probability of receipt and an ability to measure the value.
## **LEGACIES**
Income from legacies is recognised when the legacy has been received or when the Charity has been notified of entitlement of the legacy prior to the year end and it is probable that the legacy will be received, defined when:
- there has been grant of probate,
- the executors have established that there are sufficient assets in the estate, after settling any liabilities, to pay the legacy; and
- any conditions attached to the legacy either are within the control of the Charity or have been met.
## **LOTTERY INCOME**
Lottery income is recognised based on the number of tickets included in each monthly draw. Any tickets purchased for future draws are deferred until that draw takes place.
## **CENTRES’ INCOME**
This represents ancillary income generated at the Charity's rehabilitation and recuperation centres and is recognised on receipt.
## **GRANTS RECEIVABLE**
Grants are recognised on notification when there is entitlement, likelihood of receipt is probable, and the amount can be measured.
## **GOVERNMENT GRANTS**
Government grants, including Covid 19 related grants, are credited to the Statement of financial activities as the related expenditure is incurred.
## **DEFERRED INCOMING RESOURCES**
Income received in advance is included in deferred income.
Fire Fighters Charity
27
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **GIFTS IN KIND**
Incoming resources in the form of gifts in kind are included in the Statements of Financial Activities when they are seen as having a value in excess of £1,000. Assets given for use by the Charity are recognised as incoming resources and within the relevant fixed asset category of the Balance Sheet when received.
An amount equal to the donations income recognised on gifts in kind and goods or services received free of charge is included within the most relevant category of expenditure to which the donation relates.
## **INVESTMENT INCOME**
Dividends are recognised in the Statements of Financial Activities and Balance Sheets when they are receivable.
Bank interest is included in the Statements of Financial Activities and Balance Sheets when receivable.
## **TRADING INCOME**
Trading income is recognised as services or goods provided or despatched.
## **EXPENDITURE**
The value of purchase invoices not paid until after the year-end but relating to the year has been included in the Statements of Financial Activities and Balance Sheets.
Liabilities are recognised as soon as there is a legal or constructive liability committing the Charity to pay out resources.
Charitable expenditure is allocated against the core beneficiary need areas supported by the Charity.
## **IRRECOVERABLE VAT**
Irrecoverable VAT is not separately analysed and is charged to the Statements of Financial Activities and Balance Sheets when the expenditure to which it relates is incurred and is allocated as part of the expenditure to which it relates.
## **GRANTS**
Grants are paid and expensed as they are authorised and the recipient is notified of the grant award and a legal or constructive obligation is created.
## **FUNDRAISING COSTS**
Expenditure, inclusive of any irrecoverable VAT, is accounted for on an accruals basis as liabilities are incurred. Where appropriate, costs are deferred so as to permit recognition in the same accounting period as related income.
## **INVESTMENTS AND INVESTMENT GAINS AND LOSSES**
Stocks and shares quoted on the London Stock Exchange are included in the Balance Sheets at their market value as at the year end date.
Investment management fees are charged as part of a managed fund and deducted before income is distributed. The fund incurs a management charge of 0.65%, this equated to £86k in 2020-21 (£85k 2019-20).
Fire Fighters Charity
28
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **BASIS OF CONSOLIDATION**
The group accounts consolidate the accounts of the charitable company and its subsidiary companies. Intra-group balances and transactions are eliminated on consolidation. The results of the subsidiary companies are consolidated on a line by line basis.
## **CAPITALISATION AND DEPRECIATION OF TANGIBLE FIXED ASSETS**
Expenditure on tangible fixed assets is capitalised if the cost of the asset, or a group of related assets, is £5,000 or more. The cost of tangible fixed assets is their purchase cost together with any incidental expenses of acquisition. Tangible fixed assets are stated at cost net of depreciation. All tangible fixed assets, other than freehold land and assets in progress are depreciated using the straight line method over their estimated useful lives as follows:
|Freehold and long-leasehold property|30-50 years|
|---|---|
|Building improvements|5-25 years|
|Furniture and equipment|3-10 years|
|Plant and machinery|5-7 years|
|Motor vehicles|4-7 years|
Assets in the course of construction are not depreciated until brought into operational use. Any assets that are impaired in value are written down to their recoverable amount.
## **STOCKS**
Stocks are stated at the lower of cost and net realisable value. Net realisable value of stocks for re-sale is derived from the estimated selling prices of the stock less direct selling costs. Consumable stocks are valued at cost, unless it is anticipated that the stocks will not be used in the foreseeable future. In the latter case, the stocks are not valued.
## **DEBTORS**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount repaid net of any trade discounts due.
## **CASH AT BANK AND IN HAND**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **CREDITORS AND PROVISIONS**
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Fire Fighters Charity
29
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **FINANCIAL INSTRUMENTS**
The Charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
## **LEASES**
Amounts due under operating leases are charged to the Statements of Financial Activities and Balance Sheets on a straight line basis over the term of the lease.
Equipment purchased under finance leases is capitalised as if purchased outright with depreciation charged to the Statements of Financial Activities, interest is charged equally over the length of the lease.
## **APPORTIONMENT OF EXPENDITURE**
Expenditure is apportioned under the guidance of Financial Reporting Standard 102 and analysed between costs of generating funds, charitable activities and governance costs:
The method of apportionment is as follows:
1. Costs attributable solely to one activity are allocated to that activity
2. Costs that contribute directly to the output of more than one activity are apportioned on a reasonable, justifiable and consistent basis,
3. Support and governance costs are apportioned based on the following criteria:
|General Management|Time allocated|
|---|---|
|Marketing & Communications|Time allocated|
|Customer Services|Total number of employees|
|Finance|Total number of transactions|
|Databases|Time allocated|
|IT|Total number of IT supported employees|
|HR|Total number of employees|
|Volunteer Management|Time allocated|
|Legal & Governance|Total number of employees|
## **FUNDS**
Restricted funds are those funds received which have been donated based on of the Charity using those funds for a specific purpose as outlined by the donor. Descriptions of the restrictions placed on those donations are provided in note 16 to the accounts.
Designated funds are created out of unrestricted funds for specific purposes. Funds are released once the purposes have been fulfilled or when the Trustees are of the opinion that circumstances no longer warrant the designation of funds. The value and purpose of each designated fund can be found in note 16 to the accounts.
General funds are the accumulated unrestricted funds of the Charity, which have not been designated for a specific purpose. There is a specific minimum amount the Trustees require to be held as general funds; this is outlined in the reserves policy on page 15.
Fire Fighters Charity
30
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **RETIREMENT BENEFITS**
For defined benefit schemes the amount charged to resources expended in respect of pension costs and other post-retirement benefits is the estimated regular cost of providing the benefits accrued in the year, adjusted to reflect variations from that cost. The interest cost and expected return on assets are included within resources expended.
Actuarial gains and losses arising from new valuations and from updating valuations to the Balance Sheet date are recognised in the Statements of Financial Activities and Balance Sheets as actuarial gains and losses on defined benefit pension scheme.
Defined benefit schemes are funded, with the assets held separately from the group in separate trustee administered funds. Full actuarial valuations, by a professionally qualified actuary, are obtained at least every 3 years, and updated to reflect current conditions at each Balance Sheet date. The pension scheme assets are measured at fair value. The pension scheme liabilities are measured using the projected unit method and discounted at the current rate of return on a high quality corporate bond of equivalent term and currency. A pension scheme asset is recognised on the Balance Sheets only to the extent that the surplus may be recovered by reduced future contributions or to the extent that the Trustees have agreed a refund from the scheme at the Balance Sheet date. A pension scheme liability is recognised to the extent that the group has a legal or constructive obligation to settle the liability.
For defined contribution schemes the amount charged to Statements of Financial Activities in respect of pension costs and other post-retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the Balance Sheets.
## **LIQUID RESOURCES**
Liquid resources are represented by monies held by the Charity's investment managers for investment purposes. These funds are held as cash deposits.
## **JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
## **Tangible fixed assets (see note 10)**
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values.
## **GOING CONCERN**
As outlined in the Trustees’ report the Trustees consider that despite the economic impact of Covid 19, the strength of reserves held will enable the Charity to sustain losses in the next 12 months while still progressing with new strategic plans. The trustees are therefore of the opinion that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Fire Fighters Charity
31
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **1 DONATIONS AND LEGACIES**
|**GROUP AND CHARITY**
Unrestricted
Funds
Regular giving donations
2,418,052
Corporate and other donations
1,253,777
Gifts in kind
12,846
Legacies receivable
549,018
Grants
44,091
4,277,784|Restricted
Funds
£
-
500
-
18,714
1,274,527
1,293,741|Total
Funds
2021
£
2,418,052
1,254,277
12,846
567,732
1,318,618
5,571,525|Total
Funds
2020
£
2,384,120
2,438,950
23,455
812,174
932,711
6,591,410|
|---|---|---|---|
In 2020, the income from donations and legacies was £6,591,410 of which £5,360,921 was unrestricted and £1,230,489 was restricted.
Within the restricted grants figure of £1,274,527 there is £1,128,077 received from the UK government’s Coronavirus Job Retention Scheme (2020: NIL).
Income includes aggregated unconditional donations from 4 trustees (2020: 7 trustees) totalling £281 (2020: £614).
We are grateful to volunteers who assist the Charity in a variety of roles including co-ordinating fundraising activities, raising awareness of our services and supporting beneficiaries through the provision of welfare visits and living well groups. The aggregate time given by all volunteers in 2019-20 was in excess of 100,000 hours. Unfortunately, due to Covid 19, our volunteers have not been able to undertake activities in 2020-21 to the extent of previous years. Where it has been possible, our volunteers have continued to support our fundraising activities. In the coming year we hope to be able to welcome back all our volunteers who provide a significant contribution to the success of our organisation. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of these volunteers is not recognised in the accounts.
|**OTHER TRADING ACTIVITIES**
Lottery
Centres income
Trading income|Group
2021
£
1,539,248
18,035
646,878
2,204,161|Charity
2021
£
1,539,248
18,035
-
1,557,283|Group
2020
£
1,457,684
16,323
1,390,955
2,864,962|Charity
2020
£
1,457,684
16,323
-
1,474,007|
|---|---|---|---|---|
## **2 OTHER TRADING ACTIVITIES**
£34,299 of lottery income has been deferred as it relates to draws that have not yet taken place. £31,755 was released to income in the current year from amounts deferred in 2020.
In 2021 and 2020 all of the income from other trading activities was unrestricted.
Fire Fighters Charity
32
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **3 NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARIES**
The wholly owned trading subsidiary, Fire Fighters Trading Limited, a company incorporated in England & Wales (company number 3816625), undertakes selling products branded with the Fire Fighters Charity logo and non-charitable trading activities held at the Charity’s rehabilitation and recuperation centres.
The non-charitable net income of the subsidiary is as follows:
|Trading turnover
Cost of sales
Gross profit
Administrative expenses
Other operating income
Operating profit
Other interest receivable
Profit before and after taxation|2021
£
646,878
(110,174)
536,704
(112,128)
843
425,419
446
425,865|2020
£
1,390,955
(308,912)
1,082,043
(273,637)
13,121
821,527
595
822,122|
|---|---|---|
As at 31 March 2021, the company's net assets comprised current assets of £289,718 (2020: £333,598) and current liabilities of £60,507 (2020: £205,384). The profit is gifted to the Charity.
The financial information for this company has been extracted from the company's financial statements for the year ended 31 March 2021. The audit report on these financial statements was unqualified.
## **4 INCOME FROM INVESTMENTS**
|Income from listed investments
Interest
Gift Aid payment from subsidiary|Group
2021
£
355,619
3,971
-
359,590|Charity
2021
£
355,619
3,526
324,868
684,013|Group
2020
Charity
2020
£
£
356,477
356,477
3,840
3,245
-
876,132
360,317
1,235,854|
|---|---|---|---|
In 2020 all of the income from investments was unrestricted.
Fire Fighters Charity
33
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **5 ANALYSIS OF EXPENDITURE ON RAISING FUNDS AND CHARITABLE ACTIVITIES**
## **GROUP**
|Direct
Costs
Support
Costs
**COSTS OF RAISING FUNDS**
£
£
Raising funds
843,518
551,761
Fundraising trading costs
897,873
235,449
Investment management costs
86,398
-
1,827,789
787,210
**COSTS OF CHARITABLE ACTIVITIES**
Physical Health
2,540,785
903,847
Mental Health
1,363,024
489,032
Social Health and Wellbeing
486,501
215,949
Other expenditure
129,186
-
4,519,496
1,608,828
Total Resources Expended
6,347,285
2,396,038
**CHARITY**
Direct
Costs
Support
Costs
**COSTS OF RAISING FUNDS**
£
£
Costs of generating voluntary income
843,518
551,761
Fundraising trading costs
676,415
235,449
Investment Management Charges
86,398
-
1,606,331
787,210
**COSTS OF CHARITABLE ACTIVITIES**
Physical Health
2,540,785
903,847
Mental Health
1,363,024
489,032
Social Health and Wellbeing
486,501
215,949
Other expenditure
129,186
-
4,519,496
1,608,828
Total Resources Expended
6,125,827
2,396,038
Included with the costs above are:
Depreciation
Operating leases – land and buildings
Operating leases – other
Auditor’s remuneration (Charity only: £17,200 (2020: £16,870))
Governance costs|**Total**
**2021**
**£**
**1,395,279**
**1,133,322**
**86,398**
**2,614,999**
**3,444,632**
**1,852,056**
**702,450**
**129,186**
**6,128,324**
**8,743,323**
**Total**
**2021**
**£**
**1,395,279**
**911,864**
**86,398**
**2,393,541**
**3,444,632**
**1,852,056**
**702,450**
**129,186**
**6,128,324**
**8,521,865**|Direct
Costs
Support
Costs
**Total**
**2020**
£
£
**£**
1,001,750
570,340
**1,572,090**
1,309,803
304,737
**1,614,540**
-
-
**-**
2,311,553
875,077
**3,186,630**
3,112,947
885,493
**3,998,440**
1,624,299
424,969
**2,049,268**
523,393
195,728
**719,121**
-
-
**-**
5,260,639
1,506,190
**6,766,829**
7,572,192
2,381,267
**9,953,459**
Direct
Costs
Support
Costs
**Total**
**2020**
£
£
**£**
1,001,751
590,513
**1,592,264**
740,374
303,025
**1,043,399**
-
-
**-**
1,742,125
893,538
**2,635,663**
3,112,948
885,740
**3,998,688**
1,624,298
406,155
**2,030,453**
523,393
195,829
**719,222**
-
-
**-**
5,260,639
1,487,724
**6,748,363**
7,002,764
2,381,262
**9,384,026**
2021
2020
£
£
623,553
617,973
145,486
179,718
11,790
18,527
20,300
19,395
31,532
50,178|**Total**
**2020**
**£**
**1,572,090**
**1,614,540**
**-**|
|---|---|---|---|
||||**3,186,630**|
||||**3,998,440**
**2,049,268**
**719,121**
**-**|
||||**6,766,829**|
|||||
||||**9,953,459**|
||||**Total**
**2020**
**£**
**1,592,264**
**1,043,399**
**-**|
||||**2,635,663**|
||||**3,998,688**
**2,030,453**
**719,222**
**-**|
||||**6,748,363**|
|||||
||||**9,384,026**|
Fire Fighters Charity
34
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **5 ANALYSIS OF EXPENDITURE ON RAISING FUNDS AND CHARITABLE ACTIVITIES (continued)**
|**ANALYSIS OF SUPPORT COSTS**
**GROUP AND CHARITY**
Staff costs
Office costs
Depreciation
VAT irrecoverable
Volunteer costs
Travel costs
Other costs|2021
£
1,348,073
405,781
133,285
123,175
449
1,500
383,775
2,396,038|2020
£
1,249,810
429,897
99,310
115,581
5,187
33,540
447,941|
|---|---|---|
|||2,381,266|
Support costs, including governance costs, are allocated between activities on the basis set out on page 30.
In 2020, the expenditure on charitable activities was £6,766,829 of which £6,586,036 was unrestricted and £180,793 was restricted.
In 2020, the expenditure on raising funds was £3,186,630, all of which was unrestricted.
## **6 SOCIAL HEALTH AND WELLBEING**
|**GROUP AND CHARITY**
One-off solutions
Islander travel
Wreaths
Other direct costs
Administration costs|2021
£
102,675
180
657
382,989
486,501
215,949
702,450|2020
£
177,864
2,214
175
343,140|
|---|---|---|
|||523,393
195,728|
|||719,121|
All grant payments are made to individuals and no grant funding from third parties has been received in relation to them.
## **STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY 7 MANAGEMENT PERSONNEL**
|**GROUP AND CHARITY**
Wages and salaries
Social security costs
Pension costs|2021
£
4,243,105
358,754
341,902
4,943,761|2020
£
4,405,509
378,295
353,922|
|---|---|---|
|||5,137,726|
Fire Fighters Charity
35
## Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY 7 MANAGEMENT PERSONNEL (continued)**
The number of employees whose emoluments amounted to over £60,000 in the year was as follows:
|follows:|||
|---|---|---|
|£70,001 - £80,000
£90,001 - £100,000
£110,001 - £120,000|2021
Number
2
1
1|2020
Number
2|
|||1|
|||1|
During the year, pension contributions of £32,256 (2020: £32,189) were paid in respect of the above employees to defined contribution pension schemes.
The key management personnel of the Group comprise those of the Charity and the key management personnel of its wholly owned subsidiary the Fire Fighters Trading Limited. The key management personnel of the trading company comprise its Directors and of the Charity, comprise the Trustees and the Strategic Leadership Team as detailed on page 2. The total employee benefits of the key management personnel of the Group and the Charity were £441,196 (2020: £442,064).
The Trustees were not paid or received any other benefits from employment with the Charity or its subsidiary in the year (2020: Nil). No travel, accommodation and subsistence expenses were reimbursed (2020: £6,345 to 8 Trustees).
A redundancy payment of £2,862 was paid to 1 employee (2020: £3,392 to 2 employees). No ex gratia payments were paid during the year (2020: Nil).
The average number of staff employed during the year was 190 (2020: 188).
Numbers employed, calculated on a full time equivalent basis, analysed by function were:
|Charitable activities:
Physical Health
Mental Health
Social Health & Wellbeing
Costs of generating funds
Support|2021
Number
66
23
10
20
21
140|2020
Number
65
24
10
19
21|
|---|---|---|
|||139|
Fire Fighters Charity
36
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **8 PENSION COSTS**
|**AMOUNTS RECOGNISED IN THE BALANCE SHEETS**
Fair value of employer assets
Present value of funded liabilities
**RECONCILIATION OF DEFINED BENEFIT OBLIGATION**
Opening defined benefit obligation
Current service cost
Interest cost
Contributions by members
Changes in assumptions
Estimated benefits paid
Closing defined benefit obligation
**RECONCILIATION OF FAIR VALUE OF EMPLOYER**
**ASSETS**
Opening fair value of employer assets
Interest income
Contributions by members
Contributions by the employer
Return on assets excl. amounts included in net interest
Benefits paid
Closing fair value of employer assets|2021
£'000
1,815
(1,372)
________
443
1,147
9
26
2
242
(54)
1,372
1,476
33
2
6
352
(54)
1,815|2020
£'000
1,476
(1,147)
________
329
1,529
13
36
2
(365)
(68)
1,147
1,524
36
2
21
(39)
(68)
1,476|
|---|---|---|
Fire Fighters Charity
37
## Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **8 PENSION COSTS (continued)**
|**THE MAJOR CATEGORIES OF PLAN ASSETS AS A**
**PERCENTAGE OF TOTAL PLAN ASSETS**
Equities
Bonds
Property
Cash
Total
**PRINCIPAL ACTUARIAL ASSUMPTIONS**
Pension increase rate
Salary increase rate
Discount rate|2021
56%
31%
7%
6%
100%
2021
2.85%
3.35%
2.00%|2020
47%
39%
8%
6%|
|---|---|---|
|||100%|
|||2020
1.9%
2.3%
2.3%|
As at the date of the most recent valuation, the duration of the Employer’s funded liabilities is 18 years.
## **MORTALITY**
Life expectancy is based on the Fund’s VitaCurves with improvements in line with the CMI 2020 model, with a 0% weighting of 2020 data, standard smoothing (Sk7), initial adjustment of 0.5% and a long term rate of improvement of 1.5% p.a. Based on these assumptions, the average future like expectancies at age 65 are summarised below:
||Males|Females|
|---|---|---|
|Current pensioners|22.1 years|24.4 years|
|Future pensioners*|23.1 years|26.1 years|
* Figures assume members aged 45 as at the last formal valuation date.
## **COMMUTATION**
An allowance is included for future retirements to elect to take 50% of the maximum additional tax-free cash up to HMRC limits for pre-April 2008 service and 75% of the maximum tax-free cash for post-April 2008 service.
The Charity operates a defined contribution scheme for which the charge in the year was £346k (2020: £354k). £31k was unpaid at the year-end (2020: £33k).
## **9 TAXATION**
There was no taxation charge for the period. Taxable profits are dependent on the extent to which subsidiary company profits are distributed to the Charity by way of Gift Aid.
Fire Fighters Charity
38
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
|**FIXED ASSETS**
Assets in
Fixtures,
Freeholdthe course of
fittings &
**GROUP AND CHARITY**
property
construction
equipment
COST
£
£
£
At 1 April 2020
15,837,170
586,378
5,876,754
Additions
75,599
-
117,963
Transfers
564,875
(586,378)
21,503
Disposals
(125,000)
-
(1,390,657)
Reclassification to
investments
(115,465)
-
-
_________
________
________
At 31 March 2021
16,237,179
-
4,625,563
DEPRECIATION
At 1 April 2020
3,267,506
-
4,110,279
Charge
294,532
-
326,364
Disposals
(32,499)
-
(1,351,122)
Reclassification to
investments
(31,792)
-
-
_________
_________
________
At 31 March 2021
3,497,747
-
3,085,521
NET BOOK VALUE
At 31 March 2021
12,739,432
-
1,540,042
At 31 March 2020
12,569,665
586,378
1,766,475|Motor
vehicles
£
75,288
-
(17,568)
-
________
57,720
63,997
2,657
(17,568)
-
________
49,086
8,634
11,290|Total
£
22,375,590
193,562
-
(1,533,225)
(115,465)
_________
20,920,462|
|---|---|---|
|||7,441,782
623,553
(1,401,189)
(31,792)
_________
6,632,354|
|||14,288,108|
|||14,933,808|
## **10 FIXED ASSETS**
The net book value at 31 March 2021 represents fixed assets used for:
|**DIRECT CHARITABLE**
**ACTIVITIES**
Physical & Mental Health
Social Health & Wellbeing
**FUNDRAISING AND**
**SUPPORT ACTIVITIES**
Head office & other assets|Assets in
Fixtures,
Freeholdthe course of
fittings &
property
construction
equipment
£
£
11,723,716
-
1,359,420
998,929
-
28,752
12,722,645
-
1,388,172
16,787
-
151,870
12,739,432
-
1,540,042|Motor
vehicles
£
8,634
-
8,634
-
8,634|Total
£
13,091,770
1,027,681|
|---|---|---|---|
||||14,119,451
168,657|
||||14,288,108|
Fire Fighters Charity
39
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **10 FIXED ASSETS (continued)**
The net book value at 31 March 2020 represents fixed assets used for:
||||Assets in|Fixtures,||||
|---|---|---|---|---|---|---|---|
|||Freehold|the course of|fittings &||Motor||
|||property|construction|equipment|vehicles||Total|
|||£||£||£|£|
||**DIRECT CHARITABLE**|||||||
||**ACTIVITIES**|||||||
||Physical & Mental Health|11,360,677|564,875|1,503,603||11,290|13,440,445|
||Social Health & Wellbeing|1,191,748|-|34,212||-|1,225,960|
|||12,552,425|564,875|1,537,815||11,290|14,666,405|
||**FUNDRAISING AND**|||||||
||**SUPPORT ACTIVITIES**|||||||
||Head office & other assets|17,240|21,503|228,660||-|267,403|
|||12,569,665|586,378|1,766,475||11,290|14,933,808|
|**11**|**FIXED ASSET INVESTMENTS**|||**GROUP AND CHARITY**||||
||||||2021||2020|
||||||£||£|
||Market value at 1 April 2020|||12,565,229||14,885,336||
||Reclassification from fixed assets||||83,673||-|
|||||12,648,902||14,885,336||
||Disposal proceeds||||-|(1,500,000)||
||Unrealised (loss)/gain on revaluation at 31 March 2021|||3,253,502|||(820,107)|
||Market value at 31 March 2021|||15,902,404||12,565,229||
||Historical cost as at 31 March 2021|||9,360,283||9,276,609||
||All investments are listed on|recognised exchanges and no individual investment exceeds 5%||||||
||of the total fund.|||||||
||**ANALYSIS OF INVESTMENTS**||||£||£|
||Unit trusts|||14,152,404||10,990,229||
||Investment Property|||1,750,000||1,575,000||
||Market value at 31 March 2021|||15,902,404||12,565,229||
Fire Fighters Charity
40
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **12 INVESTMENTS IN GROUP COMPANIES**
The Charity holds shares in two wholly owned subsidiary companies incorporated in England at a cost of £2 each. A summary of their activities and financial position is as follows:
|**Fire Fighters Trading Limited**
(Sells Fire Fighters Charity branded goods and
other similar merchandise as well as non-
charitable trading activities held at the Charity’s
rehabilitation and recuperation centres.)
**FSNBF Limited**(Dormant)
**13**
**STOCKS**
Group
2021
£
Goods for resale
59,837
Consumables
4,766
64,603
**14**
**DEBTORS**
Group
2021
£
Trade debtors
117,447
Other debtors
15,961
Prepayments & accrued income
1,077,874
Amounts owed by subsidiary
undertakings
-
1,211,282
**15**
**CREDITORS – amounts**
Group
**falling due within one year**
2021
£
Trade creditors
131,318
Other taxation & social security
125,865
Other creditors
92,970
Accruals and deferred income
94,390
444,543|Turnover and
other operating
income
Net profit
before tax
£
£
647,721
425,865
-
-
Charity
Group
2021
2020
£
£
-
72,969
4,766
7,611
4,766
80,580
Charity
Group
2021
2020
£
£
425
132,619
15,931
65,563
1,071,974
1,164,277
9,892
-
1,098,222
1,362,459
Charity
Group
2021
2020
£
£
129,552
180,127
96,908
147,565
92,837
54,371
74,602
106,115
393,899
488,178|Net
assets
£
229,211
2
Charity
2020
£
-
7,611|
|---|---|---|
|||7,611|
|||Charity
2020
£
525
65,172
1,154,489
125,476|
|||1,345,662|
|||Charity
2020
£
177,251
98,738
52,907
79,375|
|||408,271|
Fire Fighters Charity
41
## Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **16 STATEMENT OF FUNDS – Year ended 31 March 2021**
|**GROUP**
**Restricted Funds**
Charitable activities (a)
**Unrestricted Funds:**
**Designated Funds**
Fixed asset fund (b)
Reserves policy des’n (c)
Strategic plan des’n (e)
**Total Designated Funds**
**General Funds**
Free reserves
Pension fund
surplus/(deficit)
**Total General Funds**
**Total Funds**
**CHARITY**
**Restricted Funds**
Charitable activities (a)
**Unrestricted Funds:**
**Designated Funds**
Fixed asset fund (b)
Reserves policy des’n (c)
Strategic plan des’n (e)
**Total Designated Funds**
**General Funds**
Free reserves
Pension fund
surplus/(deficit)
**Total General Funds**
**Total Funds**|Balance b/fwd.
£
275,676
14,933,808
12,565,229
2,000,000|Balance b/fwd.
£
275,676
14,933,808
12,565,229
2,000,000|Incoming
resources
£
1,293,741
-
-
-||Outgoing
resources
Transfers
£
£
(1,270,652)
(118,000)
-
(645,700)
-
1,969,753
-
1,529,035|Outgoing
resources
Transfers
£
£
(1,270,652)
(118,000)
-
(645,700)
-
1,969,753
-
1,529,035|Balance
c/fwd.
£
180,765
14,288,108
14,534,982
3,529,035|
|---|---|---|---|---|---|---|---|
||29,499,037
816,678
329,000
1,145,678
30,920,391
Balance c/fwd.
£
275,676
14,933,808
12,565,229
2,000,000||-
6,978,617
-
6,978,617
8,272,358||-
2,853,088
`
(4,223,169)
(2,735,088)
114,000
-
(4,109,169)
(2,735,088)
(5,379,821)
-
Outgoing
resources
Transfers
£
£
(1,270,652)
(118,000)
-
(645,700)
-
1,878,722
-
1,428,038||32,352,125
837,038
443,000
1,280,038
33,812,928
Balance
c/fwd.
£
180,765
14,288,108
14,443,951
3,428,038|
|||||||||
||||Incoming
resources
£
1,293,741
-
-
-|||||
|||29,499,037
688,466
329,000
1,017,466
30,792,179|-
6,656,162
-|||-
2,661,060
(4,001,711)
(2,543,060)
114,000
-
(3,887,711)
(2,543,060)
(5,158,363)
-|32,160,097
799,857
443,000
1,242,857
33,583,719|
||||6,656,162|||||
||||7,949,903|||||
Fire Fighters Charity
42
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **16 STATEMENT OF FUNDS – Year ended 31 March 2020**
|**GROUP**
**Restricted Funds**
Charitable activities (a)
**Unrestricted Funds:**
**Designated Funds**
Fixed asset fund (b)
Reserves policy des’n (c)
Property designation (d)
Strategic plan des’n (e)
**Total Designated Funds**
**General Funds**
Free reserves
Pension fund
surplus/(deficit)
**Total General Funds**
**Total Funds**
**CHARITY**
**Restricted Funds**
Charitable activities (a)
**Unrestricted Funds:**
**Designated Funds**
Fixed asset fund (b)
Reserves policy des’n (c)
Property designation (d)
Strategic plan des’n (e)
**Total Designated Funds**
**General Funds**
Free reserves
Pension fund
surplus/(deficit)
**Total General Funds**
**Total Funds**||Balance
b/fwd.
£
19,467
14,074,744
14,885,336
349,686
-|Incoming
resources
Outgoing
resources
gains and
losses
Transfers
£
£
£
1,230,489
(180,793)
(793,487)
-
-
859,064
-
-
(2,320,107)
-
-
(349,686)
-
-
2,000,000|Incoming
resources
Outgoing
resources
gains and
losses
Transfers
£
£
£
1,230,489
(180,793)
(793,487)
-
-
859,064
-
-
(2,320,107)
-
-
(349,686)
-
-
2,000,000|Incoming
resources
Outgoing
resources
gains and
losses
Transfers
£
£
£
1,230,489
(180,793)
(793,487)
-
-
859,064
-
-
(2,320,107)
-
-
(349,686)
-
-
2,000,000|Balance
c/fwd.
£
275,676
14,933,808
12,565,229
-
2,000,000|
|---|---|---|---|---|---|---|
|||29,309,766
2,073,388
(5,000)
2,068,388
31,397,621
Restated
Balance
b/fwd.
£
19,467
14,074,744
14,885,336
349,686
-|-
8,739,847
-
8,739,847
9,970,336
Incoming
resources
£
1,230,489
-
-
-
-|-
189,271
`
(10,600,773)
604,216
334,000
-
(10,266,773)
604,216
(10,447,566)
-
Outgoing
resources
Transfers
£
£
(180,793)
(793,487)
-
859,064
-
(2,320,107)
-
(349,686)
-
2,000,000||29,499,037
816,678
329,000
1,145,678
30,920,391
Balance
c/fwd.
£
275,676
14,933,808
12,565,229
-
2,000,000|
|||29,309,766
1,891,161
(5,000)
1,886,161
31,215,394|-
8,224,429
-
8,224,429
9,454,918|-
(10,031,340)
334,000
(9,697,340)
(9,878,133)|189,271
604,216
-
604,216
-|29,499,037
688,466
329,000
1,017,466
30,792,179|
Fire Fighters Charity
43
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **STATEMENT OF FUNDS (continued)**
- (a) This fund represents other gifts and grants that are to be spent in line with the wishes of the donors, the restrictions on which may include supporting beneficiaries from a defined geographical area or the purchase of equipment. The amounts expensed on capital items are transferred to the fixed asset fund. The intention is to spend these funds within the next 12 months.
- (b) Fixed asset fund represents the net book value of fixed assets. Transfers represent fixed asset activity in other funds held.
- (c) The Reserves Policy designated fund reflects the Board’s requirement to hold in reserve the minimum of either 12 months’ expenditure or the value of investments held to support the income target for the year ahead.
- (d) The property designated fund was fully utilised in 2019-20.
- (e) The Board has designated a further £2m in 2020-21 to support expected future losses linked to the Strategic Plan. The operating loss for the year has been set against this fund.
## **17 ANALYSIS OF NET ASSETS BY FUND – As at 31 March 2021**
|**GROUP**
Restricted
Funds
£
Tangible Fixed Assets
-
Fixed Asset Investments
-
Net Current Assets
180,765
Long term assets (includes pension
asset)
-
**Net Assets**
180,765
**CHARITY**
Restricted
Funds
£
Tangible Fixed Assets
-
Fixed Asset Investments
-
Net Current Assets
180,765
Long term assets (includes
pension asset)
-
_
Net Assets
180,765|Designated
Funds
£
14,288,108
15,902,404
2,161,613
-
32,352,125
Designated
Funds
£
14,288,108
15,902,404
1,969,585
-
_
32,160,097|General
Funds
£
-
-
837,038
443,000
1,280,038
General
Funds
£
-
4
799,853
443,000
1,242,857|2021
Total
£
14,288,108
15,902,404
3,179,416
443,000
33,812,928
2021
Total
£
14,288,108
15,902,408
2,950,203
443,000
__
33,583,719|
|---|---|---|---|
Fire Fighters Charity
44
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
## **17 ANALYSIS OF NET ASSETS BY FUND – As at 31 March 2020**
|**GROUP**
Tangible Fixed Assets
Fixed Asset Investments
Net Current Assets
Long term liabilities (includes pension
liability)
**Net Assets**
**CHARITY**
Tangible Fixed Assets
Fixed Asset Investments
Net Current Assets
Long term liabilities (includes pension
liability)
**Net Assets**
**18**
**DEFERRED INCOME**
Donations
Hotel Ledger
Lottery
Total|Restricted
Funds
£
-
-
275,676
-
275,676
Restricted
Funds
£
-
-
275,676
-
_
275,676
As at 1
April
2020
£
598
23,615
31,755
55,968|Designated
Funds
£
14,933,808
12,565,229
2,000,000
-
29,499,037
Designated
Funds
£
14,933,808
12,565,229
2,000,000
-
_
29,499,037
Released
in the Year
£
(598)
(23,615)
(31,755)
(55,698)|General
Funds
£
-
-
816,678
329,000
1,145,678
General
Funds
£
-
4
688,462
329,000
1,017,466
Deferred in
the Year
£
-
12,376
34,299
46,675|General
Funds
£
-
-
816,678
329,000
1,145,678
General
Funds
£
-
4
688,462
329,000
1,017,466
Deferred in
the Year
£
-
12,376
34,299
46,675|2020
Total
£
14,933,808
12,565,229
3,092,354
329,000
30,920,391
2020
Total
£
14,933,808
12,565,233
2,964,138
329,000
30,792,179
As at 31
March
2021
£
-
12,376
34,299
46,675|
|---|---|---|---|---|---|
|||||||
|||||46,675||
Donations deferred income relates to income overpaid in the current accounting period to be set off in the following financial year. The previous year deferred income was released in 2020-21.
Hotel Ledger deferred income relates to rental accommodation paid for in advance, which will be released when the rental occurs.
Lottery deferred income relates to payments made in advance of future lottery draws, which will be released when those draws occur.
Fire Fighters Charity
45
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
|**19**
**COMMITMENTS – GROUP AND CHARITY**
**OPERATING LEASES – LAND AND BUILDINGS**
At 31 March 2021 the Group was committed to total payments
in respect of operating leases which expire:
After more than five years
Between two and five years
Within 12 months
**OPERATING LEASES – OTHER**
Between two and five years
Within 12 months|As at
31 March
2021
£
-
42,790
102,696
5,053
6,737|As at
31 March
2020
£
-
77,022
102,696
11,790
6,737|
|---|---|---|
## **20 RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH INFLOW FROM OPERATING ACTIVITIES**
|Group
Charity
2021
2021
£
£
Net income /(expenditure)
2,782,537
2,681,540
Losses/(gains) on investments
(3,253,502)
(3,253,502)
Dividends from investments
(355,619)
(355,619)
Interest received
(3,971)
(3,526)
Gift Aid payment from subsidiary
-
(324,868)
Movement in defined benefit pension
(4,000)
(4,000)
(834,555)
(1,259,975)
Depreciation
623,553
623,553
Decrease/(increase) in stocks
15,977
2,845
Decrease/(increase) in debtors
151,177
247,440
(Decrease)/increase in creditors
(43,635)
(14,372)
Loss/(profit) on the sale of fixed assets
129,186
129,186
NET CASH INFLOW/(OUTFLOW)
FROM OPERATING ACTIVITIES
41,703
(271,323)|Group
Charity
2020
2020
£
£
(803,230)
(749,215)
820,107
820,107
(356,477)
(356,477)
(3,840)
(3,245)
-
(876,132)
(8,000)
(8,000)
(351,440)
(1,172,962)
617,973
617,973
30,743
1,883
304,994
217,958
(129,240)
(111,209)
(7,950)
(7,950)
465,080
(454,307)|
|---|---|
Fire Fighters Charity
46
Fire Fighters Charity NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2021
|**21**
**ANALYSIS OF CHANGES IN NET CASH**
**GROUP**
Cash at bank and in hand
**CHARITY**
Cash at bank and in hand|1 April
2020
Cash flows
£
£
2,137,493
210,581
2,137,493
210,581
1 April
2020
Cash flows
£
£
2,019,136
221,978
2,019,136
221,978|31 March
2021
£
2,348,074
2,348,074
31 March
2021
£
2,241,114
2,241,114|
|---|---|---|
## **22 CAPITAL COMMITMENTS**
At 31 March 2021 the Charity had capital commitments totalling £14,169. The amount outstanding at 31 March 2020 was £173,009.
## **23 RELATED PARTY TRANSACTIONS**
The Charity has taken advantage of the exemption in Financial Reporting Standard 102 from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared.
Donations totalling £281 have been received from 4 trustees (2020: £614 - 7 trustees).
Fire Fighters Charity
47