Charity number: 1094928
INTERNATIONAL BRIGADE MEMORIAL TRUST
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2021
INTERNATIONAL BRIGADE MEMORIAL TRUST Contents Page For the year ended 31 March 2021
| Report of the Trustees | 1 to 2 |
|---|---|
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
INTERNATIONAL BRIGADE MEMORIAL TRUST
Report of the Trustees
For the year ended 31 March 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The International Brigade Memorial Trust keeps alive the memory and spirit of the men and women from Britain and Ireland who served in the International Brigades during the Spanish Civil War of 1936-39 and all those who supported them in their home countries. We do this by helping to look after and erect memorials to the volunteers, by encouraging research and historical investigation into the volunteers, by promoting the preservation of archives, by publishing a regular magazine and e-newsletter, by organising and supporting cultural events and activities, by maintaining a website and using other online media and by various other commemorative and educational activities.
Statement on public benefit
The trustees comprise our Executive Committee, which is elected at our Annual General Meeting. The committee meets three times per year.
ACHIEVEMENTS AND PERFORMANCE
The International Brigade Memorial Trust is an active and vibrant organisation with more than 900 paying members and several group affiliations, mainly trade unions, whether nationally, regionally or by branch. During 2020/21 the trust organised or participated in many successful events in the British Isles and Spain 2 that raised its profile and promoted its aims and objectives. These were reported in our magazine, which can be viewed or downloaded from our website (www.international-brigades.org.uk), in our e-newsletter and on various social media platforms. Such activities require significant expenditure, along with time and skills provided by Executive Committee members and other volunteers, as does the general administration of the trust, and we are once again grateful to all those who have contributed towards fulfilling our aims.
FINANCIAL REVIEW
Reserves
The trustees consider it necessary that unrestricted reserves are held in order to discharge the projected expenditure for the next 12 months. Trustees monitor and review the level of reserves at each year-end and at least once during the year.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity INTERNATIONAL BRIGADE MEMORIAL TRUST Charity registration number 1094928 Principal address 37A Clerkenwell Green London EC1R 0DU
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INTERNATIONAL BRIGADE MEMORIAL TRUST Report of the Trustees Continued For the year ended 31 March 2021
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Ms Marlene Sidaway Mr Mike Arnott Mr Paul Coles Ms Megan Dobney Ms Pauline Fraser Mr Alex Gordon Mr Jonathan Havard Mr John Haywood Mr Jim Jump Mr Alan Lloyd Ms Dolores Long Mr David Chanter Mr David McKnight Mr Manus O’Riordan
Independent examiners
Sloane & Co LLP 36 - 38 Westbourne Grove Newton Road London W2 5SH
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Ms Megan Dobney
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INTERNATIONAL BRIGADE MEMORIAL TRUST Statement of Financial Activities For the year ended 31 March 2021
| Notes Income and endowments from: Donations and legacies 2 Other trading activites 3 Fund raising events Investments 4 Bank interest receivable Total Expenditure on: Charitable activities 5/6 Charitable activity Support costs Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 24,730 14,569 145 39,444 (46,139) (736) (46,875) (7,431) 100,028 92,597 |
2020 £ 21,118 13,590 229 34,937 (37,059) (1,895) (38,954) (4,017) 104,044 100,027 |
|---|---|---|
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INTERNATIONAL BRIGADE MEMORIAL TRUST
Statement of Financial Position
As at 31 March 2021
| Notes Fixed assets Tangible assets 11 Current assets Stocks 12 Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 13 Total funds |
£ 2021 846 846 4,747 87,004 91,751 91,751 92,597 92,597 92,597 92,597 |
£ 2020 846 846 5,205 93,976 99,181 99,181 100,027 100,027 100,027 100,027 |
|---|---|---|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Ms Megan Dobney Trustee
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INTERNATIONAL BRIGADE MEMORIAL TRUST Notes to the Financial Statements
For the year ended 31 March 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
INTERNATIONAL BRIGADE MEMORIAL TRUST meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Donated goods, services and facilities
Donations are accounted for when received.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Income from donations and legacies
| Unrestricted funds Donations received Subscriptions received |
2021 £ 12,639 12,091 24,730 |
2020 £ 4,715 16,403 21,118 |
|---|---|---|
3. Income earned from other activities
| Unrestricted funds Fund raising events |
2021 £ 14,569 14,569 |
2020 £ 13,590 13,590 |
|---|---|---|
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INTERNATIONAL BRIGADE MEMORIAL TRUST
Notes to the Financial Statements Continued
For the year ended 31 March 2021
4. Investment income
| Unrestricted funds Bank interest receivable osts of charitable activities by fund type Unrestricted funds Charitable activities Support costs osts of charitable activities by activity type Activities undertaken directly Charitable activities Support costs nalysis of support costs Support costs |
2021 £ 145 145 2021 £ 14,101 32,774 46,875 2021 £ 46,139 736 46,875 2021 £ 32,774 |
2020 £ 229 229 2020 £ 19,185 19,769 38,954 2020 £ 37,059 1,895 38,954 2020 £ 19,769 |
|---|---|---|
5. Costs of charitable activities by fund type
6. Costs of charitable activities by activity type
7. Analysis of support costs
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INTERNATIONAL BRIGADE MEMORIAL TRUST Notes to the Financial Statements Continued
For the year ended 31 March 2021
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Accountancy fees | 1,360 | 510 |
9. Staff costs and emoluments
Total staff costs for the year ended 31 March 2021 were:
| Salaries and wages Pension costs |
2021 £ 21,210 - 21,210 |
2020 £ 10,500 111 10,611 |
|---|---|---|
10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
11. Tangible fixed assets
| Cost or valuation At 01 April 2020 At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 |
Fixtures and Fittings £ 846 846 846 |
|---|---|
| 846 |
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INTERNATIONAL BRIGADE MEMORIAL TRUST Notes to the Financial Statements Continued
For the year ended 31 March 2021
12. Stocks and work in progress
| Stocks of raw materials | 2021 £ 4,747 4,747 |
2020 £ 5,205 5,205 |
|---|---|---|
13. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/04/2020 £ 100,028 100,028 Balance at 01/04/2019 £ 104,044 104,044 |
Incoming resources £ 39,444 39,444 Incoming resources £ 34,937 34,937 |
Outgoing resources £ (46,875) (46,875) Outgoing resources £ (38,954) (38,954) |
Balance at 31/03/2021 £ 92,597 92,597 Balance at 31/03/2020 £ 100,027 100,027 |
|---|---|---|---|---|
14. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 846 91,751 92,597 846 91,751 92,597 |
|---|---|
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INTERNATIONAL BRIGADE MEMORIAL TRUST Notes to the Financial Statements Continued
For the year ended 31 March 2021
Previous year
| restricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 846 99,181 100,027 846 99,181 100,027 |
|---|---|
Unrestricted funds
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INTERNATIONAL BRIGADE MEMORIAL TRUST Detailed Statement of Financial Activities
For the year ended 31 March 2021
| INCOME AND ENDOWMENT Donations and legacies Donations Subscriptions Other trading activities Fund raising events Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity SUPPORT COSTS Governance costs Support costs Travel & Bank charges Total resources expended Net Expenditure |
£ 2021 12,639 12,091 24,730 14,569 14,569 145 145 39,444 (14,101) (14,101) (32,038) (736) (32,774) (46,875) (7,431) |
£ 2020 4,715 16,403 |
|---|---|---|
| 21,118 13,590 |
||
| 13,590 229 |
||
| 229 | ||
| 34,937 (19,185) |
||
| (19,185) (17,874) (1,895) |
||
| (19,769) | ||
| (38,954) (4,017) |
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This page does not form part of the statutory financial statements