| Page | ||
|---|---|---|
| Business Information | ||
| Report ofthe Trustees | ||
| Independent Examiner's |
Report | |
| Statement ofFinancial Activities | ||
| Balance Sheet | 10 | |
| Notes tothe Financial Statements | 12 |
| SECRETARY: | Rachel Dunhill | MAAT, ACA | |
| REGISTERED | OFFICE: | StPeg's Mill | |
| Brighouse | |||
| West Yorkshire | |||
| HD6 4AH | |||
| BANKERS: | Yorkshire Bank | PLC | |
| 94-96Briggate | |||
| Leeds | |||
| LS16NP | |||
| INVESTMENT | FUND MANAGERS: | Brewin Dolphin P0Box512 |
Securities Limited |
| National House | |||
| 36StAnn Street | |||
| Manchester, M602EP |
|||
| INDEPENDENT | EXAMINER: | Daniel Brownhill | FCA, FMAAT |
| lntegra Advisers | LLP | ||
| 1 Westleigh Hall |
|||
| Wakefield Road | |||
| Denby Dale | |||
| Huddersfield | |||
| HD8 8QJ |
| CR 113 5: ~Cb: |
CR 113 5: ~Cb: |
CR 113 5: ~Cb: |
1155512 5255363 |
|---|---|---|---|
| ~Ri | t | 5Clll: | RtP 5' hllll |
| Brighouse | |||
| West Yorkshire | |||
| HD6 4AH |
| Notes | Unrestricted Funds |
Restricted Funds | Total | Total | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| INCOIIIIE: | ||||||
| Donations and legacies Other trading activities Investments Other- JRSgrant |
18,781 398 20,450 14,649 |
21,651 | 40,432 398 20,450 14,649 |
19,049 9,783 25,156 13,776 |
||
| TOTAL INCOME | 54,278 | 21,651 | 75,929 | 67,764 | ||
| EXPENDITURE: | ||||||
| Cost ofraising funds Charitable activities |
46,759 (96,926) |
21,651 | 46,759 (75,275) |
63,329 128,268 |
||
| TOTAL EXPENDITURE | (50,167) | 21,651 | (28,516) | 191,597 | ||
| Net incomel(expenditure) | and | |||||
| Net movement in funds before gains and losses in investments |
104,445 | 104,445 | (123,833) | |||
| Net gains on investments | 269,679 | 269,679 | 16,833 | |||
| Net incomel(expenditure) and net Movement in funds forthe year |
374,124 | 374,124 | (107,000) | |||
| Total funds brought forward | 1,234,523 | 38,129 | 1,272,652 | 1,379,652 | ||
| Total funds cerned forward | 1,608,647 | 38,129 | 1,646,776 | 1,272,652 |
| Notes | Unrestricted | Funds | Restricted Funds | Total | Total | |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| f | E | |||||
| FIXEDASSETS | ||||||
| Investments | 10 | 1,741,992 | 35,001 | 1,776,993 | 1,547,085 | |
| CURRENT ASSETS | ||||||
| Debtors | 11 | 266 | ||||
| Cash at bank and in hand | 12 | 33,113 | 33,113 | 19,696 | ||
| Total current assets | 33.113 | 33,113 | 19,962 | |||
| CREDITORS Amounts | ||||||
| falling due within one year | 13 | (133,345) | (29,985) | (163,330) | (294,165) | |
| NET CURRENT (LIABILITIES)/ASSETS | (133,345) | 3,128 | (130,217) | (274,203) | ||
| NET ASSETSLESSCURRENT | ||||||
| LIABILITIES | 1,608,647 | 38,129 | 1,646,776 | 1,272,882 | ||
| CREDITORS Amounts | ||||||
| falling due atter one year | 14 | (230) | ||||
| NETASSETS | 1,608,647 | 38,129 | 1,646,776 | 1,272,652 | ||
| The funds ofthe charity: | ||||||
| Restricted income funds | 16 | 38,129 | 38,129 | 38,129 | ||
| Unrestricted income funds |
15 | 1,608,647 | 1,608,647 | 1,234,523 | ||
| 1,608,647 | 38,129 | 1,646,776 | 1,272,652 |
| 3. | OTHER TRADING ACTIVITIES | OTHER TRADING ACTIVITIES | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2021 | 2020 | |||||
| Dinner dance inoome Fund raising events |
398 | 8,795 | ||||
| 396 | 9,783 | |||||
| 4. | INVESTMENT | |||||
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2021 | 2020 | |||||
| f | 6 | |||||
| Investment income Bank interest |
20,345 | 20,345 | 25,152 4 |
|||
| Gift Aid | 105 | 105 | ||||
| 20,450 | 20,450 | 25,156 | ||||
| 5. | COSTSOF GENERATING | |||||
| VOLUNTARY INCOME | ||||||
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2021 6 |
2020f | |||||
| Dinner dance costs Advertising Fundraising events |
5,760 594 |
5,760 594 |
6,920 6,160 818 |
|||
| Fundraising consultancy Website 8 e-mail costs |
200 | 200 | 10,454 300 |
|||
| Rent Staffcosts Travel costs |
2,795 23,444 186 |
2,795 23,444 186 |
2,795 23,986 384 |
|||
| Newsletter costs Postage, printing and stationery |
2,665 32 |
2,665 32 |
1,590 88 |
|||
| Telephone | 513 | 513 | 355 | |||
| Investment management Sundry |
fees (note 6) | 10,354 | 10,354 | 9,124 139 |
||
| Just giving fees | 216 | 216 | 216 | |||
| 46,759 | 46,759 | 63,329 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2021 | 2020 | |||||
| f | ||||||
| Brewin | Dolphin | fees | 10,354 | 10,354 | 9,124 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2021 | 2020 | ||||
| f | 8 | ||||
| Staffcosts | 23,444 | 23,444 | 23,986 | ||
| Stationery, Rent |
printing and postage | 32 2,795 |
32 2,795 |
2,795 | |
| Grants | (136,739) | 21,651 | (115,088) | 88,481 | |
| Governance | costs (note 9) | 13,542 | 13,542 | 12,918 | |
| (96,926) | 21,651 | (75275) | 128268 |
| Unrestricted | Restricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||||
| 2021 | 2020 | ||||||||
| 5 | 5 | ||||||||
| Dr | Daga- CPEXequipment | 38,745 | 21,651 | 60,396 | 77,020 | ||||
| Dr | Kassianides | 5,525 | |||||||
| Dr | Lewington | 9,731 | |||||||
| Dr | Fitzpatrick | (30) | |||||||
| Dr | Hewitt | (3,362) | |||||||
| Dr | Baker | (403) | |||||||
| Dr | Wurdak —release unused | grant | (31,819) | (31,819) | |||||
| Dr | Mooney- release unused | grant | (20,000) | (20,000) | |||||
| Dr | Homigold —release unused | grant | (77,240) | (77,240) | |||||
| Dr | Mooney/Bekker | —release unused | grant | (16,445) | (16,445) | ||||
| Dr | Winterbottom | —release unused | grant | (29,980) | (29,980) | ||||
| (136,739) | 21,651 | (115,088) | 88,481 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2021 | 2020 | ||||
| f | 5 | 6 | |||
| Staff costs | 7,633 | 7,633 | 7,809 | ||
| Postage, stationery and printing | 10 | 10 | 30 | ||
| Insuranoe | 266 | 266 | 270 | ||
| Rent | 910 | 910 | 910 | ||
| Computer costs | 45 | 45 | 70 | ||
| Independent | examination | 2,880 | 2,880 | 3,540 | |
| Payroll costs | 1,170 | 1,170 | 248 | ||
| Credit card charges | 28 | 28 | 28 | ||
| Legal fees | 600 | 600 | |||
| Filing fee | 13 | ||||
| 13,542 | 13,542 | 12,918 |
| 30September 2 | 021 | |||||||
|---|---|---|---|---|---|---|---|---|
| 10. | INVESTMENTS | |||||||
| Quoted investments | 2021 | 2020 | ||||||
| 8 | ||||||||
| Market value at 1October 2020 | 1,498,064 | 1,509,593 | ||||||
| Less: Disposals at opening | book cost | (359,340) | (397,174) | |||||
| Add: Acquisitions |
at cost | 377,188 | 363,152 | |||||
| Net gain on | revaluation | at 30September 2021 | 213,697 | 22,493 | ||||
| Market value at 30September 2021 | 1,729,609 | 1,498,064 | ||||||
| Cash held in investment | portfolio | 47,384 | 49,021 | |||||
| Total investments | at | 30September 2021 | 1,776,993 | 1,547,085 | ||||
| Historical cost at 30September 2021 | 1,332,234 | 1,289,007 | ||||||
| Investments are analysed |
as follows: | |||||||
| 2021 | 2020 | |||||||
| Market | %ofTotal | Market | okcfTotal | |||||
| value | value | |||||||
| 8 | 5 | |||||||
| Absolute Return | 76,680 | 4.32ok | 100,772 | 6.51% | ||||
| Asia Pacific Equities | 95,761 | 5.39% | 79,575 | 5 14%o | ||||
| Emerging Markets |
Equities | 28,440 | 160% | 18,987 | 1 23% | |||
| UK Equities | 372,169 | 2094% | 390,449 | 25.24% | ||||
| European Equities |
85,650 | 4.82% | 51,103 | 3.30%o | ||||
| Global investments | 126,144 | 7.10% | 93,101 | 6.02'yo | ||||
| Japanese Equities | 65,178 | 367% | 41,806 | 270% | ||||
| Property | 32,003 | 180% | 25,122 | 1.62% | ||||
| UK Bonds | 128,582 | 724% | 190,574 | 12.32% | ||||
| N American Equities |
395,971 | 22.28% | 334,768 | 21.64%o | ||||
| Commodities | 37,455 | 2.11% | ||||||
| Overseas Bonds | 85,910 | 4.83% | ||||||
| COIF | 199,666 | 11.24% | 171,807 | 11.11% | ||||
| Cash | 47,384 | 2 66ok | 49,021 | 3.17% | ||||
| SUBTOTAL | 1,776,993 | 100.00% | 1,547,085 | 1PPPP% |
| 11. | DEBTORS | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | |||||
| Prepayments | and accrued income | ||||
| 12. | CASH AT BANK | ||||
| 2021f | 2020 E |
||||
| Current Accounts | 32,203 | 18,807 | |||
| Deposit Accounts | 883 | 883 | |||
| Petty cash | 27 | 6 | |||
| 33,113 | 19,696 | ||||
| 13. | CREDITORS | —Amounts | falling due within one year | ||
| 2021 | 2020 | ||||
| E | 5 | ||||
| Trade creditors | 22,585 | 7,220 | |||
| Other creditors | 19,827 | 19,594 | |||
| Grants oommitted | 112,609 | 259,050 | |||
| Other taxation | and social | security | 2,425 | 2.650 | |
| Accruals and deferred income | 5,884 | 5,650 | |||
| 163,330 | 294,164 | ||||
| 14. | CREDITORS-Amounts | falling due alter more than one year | |||
| 2021 | 2020 | ||||
| 5 | E | ||||
| Grants comm@ed | |||||
| 230 |
| Balance | Income | Expenditure | Gain/(loss) | Balance | ||
|---|---|---|---|---|---|---|
| 01/10/20 | on revaluation | 30/09/21 | ||||
| E | 6 | |||||
| Unrestricted | funds | 1,234,523 | 54,278 | 50,167 | 269,679 | 1,608,647 |
| 1,234,523 | 54,278 | 50,167 | 269,679 | 1,608,647 | ||
| Balance | Income | Expenditure | Gain/(loss) | Balance | ||
| 01/10/19 | on revaluation | 30/09/20 | ||||
| 5 | F | f | ||||
| Unrestricted | funds | 1,341,553 | 67,764 | (191,627) | 16,833 | 1,234,523 |
| 1 341 553 | A7 764 | /191 R27I | 1A633 | 1.234.523 |
| The income indudes restricted |
funds as reported in the |
Statement o | fFinancial Activiti | es as follows: |
|---|---|---|---|---|
| Balance at | Income | Expenditure | Balance at | |
| 01/10/20 | 30/09/21 | |||
| 6 | E | |||
| Icebirg Project | 29,111 | 29,111 | ||
| Legacy- Mary Strang | 9,018 | 9,018 | ||
| CPEX | 21,651 | (21,651) | ||
| 38,129 | 21,651 | (21,651) | 38,129 | |
| Balance at | Income | Expenditure | Balance at | |
| 01/10/19 | 30/09/20 | |||
| Icebirg Project | 29,081 | 30 | 29,111 | |
| Legacy —Mary Strang | 9,018 | 9,018 | ||
| 38,099 | 30 | 38,129 |
| 17. | ALLOCATION OFSUP | PORT COS | TS AND OVERHE | ADS | ||
|---|---|---|---|---|---|---|
| Total | Costs of | Charitable | Basis of | |||
| Allocated | Governance | raising funds | activities | Apportionment | ||
| Cost type | f | E | ||||
| Staff costs | 54,521 | 7,633 | 23,444 | 23,444 | 14'43'43% | |
| Rent | 6,500 | 910 | 2,795 | 2,795 | 14'43'43% | |
| Postage and stationery | 74 | 10 | 32 | 32 | 14:43:43% | |
| 61,095 | 8,553 | 26,271 | 26,271 | |||
| 18 | ANALYSIS OF NET ASSETSBHWEEN FUNDS | |||||
| Unrestricted | Restricted | 2021 | 2020 | |||
| Funds | Funds | Total | Total | |||
| 8 | 6 | F. | 8 | |||
| Fixed asset investments | 1,741,992 | 35,001 | 1,776,993 | 1,547,085 | ||
| Current assets | 33,113 | 33,113 | 19,962 | |||
| Current liabilities |
(133,345) | (29,985) | (163,330) | (294,165) | ||
| Long term liabilities | (230) | |||||
| Net assets as at 30September 2021 1,606,647 | 38,129 | 1,646,776 | 1,272,652 | |||
| Unrestricted | Restricted | 2020 | 2019 | |||
| Funds | Funds | Total | Total | |||
| 8 | 8 | |||||
| Fixed asset investments | 1,500,318 | 46,767 | 1,547,085 | 1,539,266 | ||
| Current assets | 266 | 19,696 | 19,962 | 81,769 | ||
| Current liabilities |
(265,831) | (28,334) | (294,165) | (241,383) | ||
| Long term liabilities | (230) | (230) | ||||
| Net assets as at 30September 2020 1,234,523 | 38,129 | 1,272,652 | 1,379,652 |