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|Reports|Reports|Reports|||
|---|---|---|---|---|
|President
and Chief Executive's report|||||
|Vision and mission.|||||
|Delivering
public benefit..|||||
|Fundraising
activities.|||||
|Review ofactivities .|||||
|Communication
and||awareness|||
|COVID-19 recovery|network .||||
|Online conference|...||||
|The Sentinel .|||||
|Membership
...|||||
|International
branches
and||UK regoinal|networks .....|.......10|
|Professional
development||..|||
|Staff and volunteers||||..20|
|Health and safety.. .||||..20|
|Equality and diversity.||||..20|
|Impact ofCOVID-19 on the||business, .||..21|
|Financial review.||||..21|
|General data protection|regulation.|||..22|
|Audit and risk committee|.|||..22|
|Plans for the future...||||..22|
|Legal and administrative|details ...|||23|
|Structure, governance
and||management|.|25|
|Reserves and financial policy ..||||.,27|
|Financial statements. .....||||35|
|Balance sheet as at30June||2021||36|
|Statement ofcash flows|for the year ended 30June 2021...|||.....37|
|Accounting
policies ..||||38|
|Notes to financial statements.||||..41|
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|||||2021|2020|
|---|---|---|---|---|---|
|Total Reserves||||493,120|386,497|
|ofwhich;||||||
|i. Designated
reserves||||34,968|58,980|
|ii.Volatility of Fixed Assets valuation||||20,000|40,000|
|iii. Designated
reserves|(ring fenced for projects &Branches)|||47,618|57,618|
|iv. Minimum
required free|reserves (15%ofsubscription|in|advance) (Page 35note 8)|76,488|71,256|
|Pietfree reserves||||314,046|158,643|
|Designated reserves ini.|were those that are investedin||tangible and intangible|Fixed assets (Note|f2).|
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|INCOME AND EXPENDITURE|INCOME AND EXPENDITURE||Note|2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Income from charitable activities||||||
||Membership|||1,031,175|1,020,040|
||Professional|Development||54,228|33,851|
|Trading activities||||||
||Income from|Events||49,890|1,895|
||Income from|publication||1,164|1,644|
||Grants|||1,609|1,924|
||Other income|||6,180|5,165|
|Investment
Income||||705|6,024|
|Total income||||1,144,951|1,070,543|
|Expenditure||||||
|Expenditure
on Raising Funds|||2.4|(182,513)|(133,282)|
|Charitable
activities||||||
||Membership||2,2|(785,222)|(780,795)|
||Professional|Development|2.3|(137,188)|(126,335)|
|Total Expenditure||||(1,104,923)|(1,040,412)|
|Net gain/(loss)
on Investment||||66,595|(18,671)|
|Net gain/(loss)||||106,623|11,460|
|Fund balance at I )uly||||386,497|375,037|
|Balance carried forward at 30)une||||||
|being net movements|in Funds|||493,120|386,497|
##
|||Notes|2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||E|E|E|E|
|Fixed Assets|||||||
|Intangible
fixed assets|||27,976||52,218||
|Tangible
fixed|assets||6,992||6,762||
|Investments|||496,193||429,598||
|||||531,161||488,578|
|Current Assets|||||||
|Prepayments|||30,957||40,483||
|Other Debtors|||56,649||40,956||
|Fixed deposit|||100,000||100,000||
|Cash at bank and in hand|||507,616||347,644||
|||||695,222||529,083|
|Current
Liabilities|||||||
|Trade Creditors|||41,873||20,579||
|Tax and social|security||20,436||12,667||
|Accruals|||161,034||122,881||
|Subscriptions
in advance|||509,920||475,037||
|||||733,263||631,164|
|Net Current
Liabilities||||(38,041)||(102,081(|
|Net Assets||||493,120||386,497|
|Reconciliation|oFFunds:||||||
|Unrestricted
Funds||||458,152||327,517|
|Designated
funds||12||34,968||58,980|
|Total funds||||493,120||386,497|
##
|STATEMENT OFCA|SH|FLOWS F|ORTHEYEAR|ENDED 3|0JUNE 2021|
|---|---|---|---|---|---|
||||Notes|2021|2020|
|||||E|E|
|Cash flows from operating activities||||||
|Cash generated/(used
in) from operations|||See below|163,012|133,344|
|Net cash inflow fram operating|activities|||163,012|133,344|
|Cash Flow from Investing
Activities||||||
|Purchase ofproperty,
plant and||||||
|equipment
and Intangibles||||(3,745)|(18,428)|
|Disposal||||351,821|78,760|
|Addition||||(349,054)|180,000|
|Disposal loss||||(2,767)||
|investment
Income||||705|6,024|
|Invested
in Fixed term Deposit||||100,000|(100,000)|
|Net cash generated
from Investment||activities||96,960|(213,644)|
|Change
in cash and cash equivalents||||||
|in the reporting
period||||259,972|(80,300)|
|Cash and cash equivalents
at||||||
|the beginning ofthe reporting|period|||347,644|427,944|
|Cash and cash equivalents
at||||||
|the end ofthe reporting
period||||607,616|347,644|
|Cash and cash equivalents
consist of;||||||
|Cash at bank||||607,616|347,644|
|Analysis ofnet cash||||||
||||At 01 July 2020|Cash flow|At 30June 2021|
||||347,644|259,972|eof,etc|
|Reconciliation
ofnet incoming|resources to net cash||inflow from operating|activities||
|||||2021|2020|
|||||E|E|
|Net incoming
Resources for Year||||106,623|11,460|
|Depreciation||||3,514|2,797|
|Amortisation||||24,243|31,077|
|Investment
gains/(Losses)||||(66,595)|18,671|
|Investment
income||||(705)|(6,024)|
|Increase
in prepayments||||9,526|(22,641)|
|(Increase)/Decrease
in other debtors||||(15,693)|(11,108)|
|Decrease
in Trade creditors, tax|and social security|||29,063|(6,261)|
|Increase/(Decrease)
in accruals||||38,154|(68,713)|
|Increase/(Decrease)
in deferred|income|||34,882|(46,660)|
|Exchange rate loss/(gain)||||||
|Net Cash/Inflow
from Operating
Activities||||163,012|133,344|
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|2021|||||||||
|---|---|---|---|---|---|---|---|---|
|2.1 Activity||or Programme|||Activities|Apportioned||TOTAL|
||||undertaken||directly||cost|2021|
||||||E||E|E|
|Expenditure||on raising funds|(2.4)||161,635||20,878|182,513|
|Chadtable||activities|||||||
|Membership|||(2.2)||407,433|377,789||785,222|
|Professional||Development|(2.3)||116,315||20,873|137,188|
||||||685,383|419,540||1,104,923|
|Direct staff||costs for raising|funds have been charged|under 'Activities||undertaken|directly'.||
|2020|||||||||
|2.1 Activity||or Programme|||Activities|Apportioned||TOTAL|
||||undertaken||directly||cost|2020|
||||||E||E|E|
|Expenditure||on raising funds|(2.4)||109,772||23,510|133,282|
|Charitable|activities||||||||
|Membership|||(2.2)||353,571|427,224||780,795|
|Professional||Development|(2.3)||102,831||23,504|126,335|
||||||566,174|474,238||1,040,412|
##
|Membership|costs include any costs incurred t|o serve membership.||
|---|---|---|---|
|||2021|2020|
|Magazine
print and mailing||136,920|135,495|
|Membership|stationery|11,657|7,399|
|Helplines||17,169|23,315|
|Partnership|costs|5,905||
|Direct staff|costs|235,782|187,362|
|Support cost and wages apportioned||377,789|427,224|
|||785,222|780,795|
##
|||2021|2020|
|---|---|---|---|
|Direct staff cost||116,315|102,831|
|Support cost and apportioned|wages|20,873|23,504|
|||137,188|126,335|
##
|2.4 Ex|penditure|on raising fu|nds||
|---|---|---|---|---|
||||2021|2020|
|Promotion|and awareness|raising|43,803|13,134|
|Publication|||1,578|3,890|
|Staff cost|||116,253|92,748|
|Support «ost and apportioned|||20,879|23,510|
||||182,513|133,282|
##
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||||2021|2020|
|---|---|---|---|---|
|Other Staff Costs|||15,760|12,877|
|Premises Costs|||80.907|109,255|
|Communication|Costs||33,806|49,904|
|Business Travel|||741|3,431|
|Website & ITservices|||78,304|68,012|
|Health, Safety and Environment|||27|864|
|Bank Charges|||13,951|14,645|
|Sundry Expenses|(Inc VAT Adjustments)||5,117|3,308|
|Amortisation|||24,243|31,077|
|Depreciation|||3,514|2,797|
|Partnership
Cost|||5,906|16,109|
|Office Equipment|||||
|Events and Exhibitions|||5,600|1,401|
|Governance
Costs||2.5|22,613|23,515|
|Staff' cost apportioned|||140,556|137,043|
||||431,045|474,238|
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|2I. Intangibl|e
fixe|d assets||||
|---|---|---|---|---|---|
|||Computer|Website|Qualifications|Total|
|||Software|Development|||
|||E|E|||
|1 July 2020||32,097|67,180|69,434|168,711|
|Additions
during|the year|||||
|Disposal||(10,069)|(10,250)||(20,319)|
|At 30June 2021||22,028|56,930|69,434|148,392|
|Amortisation||||||
|1 July 2020||23,329|50,903|42,261|116,493|
|Charge for the year||2,653|7,703|13,887|24,243|
|Disposal||(10,069)|(10,250)||(20,319)|
|At 30June 2021||15,913|48,356|56,148|120,417|
|Net Book Value||||||
|At 30June 2021||6,115|8,574|13,286|27,975|
|At 30June 2020||8,768|16,277|27,173|52,218|
|5.Tangible|fixed|assets||||
|||Computer|OfFice|Exhibition|Total|
|||Hardware|FB.F|Stands||
|||E|E|E||
|1 July 2020||10,100|4,989||15,089|
|Additions
during|the year|2,971|774||3,745|
|Disposals||(887)|(4,989)||(5,876)|
|At 30June 2021||12,184|774||12,958|
|Depreciation||||||
|1July 2020||3,334|4,993||8,327|
|Charge for the year||3,364|150||3,514|
|Disposal||(887)|(4,989)||(5,876)|
|At 30June 2021||5,811|154||5,965|
|Net Book Value||||||
|At 30June 2021||6,373|620||6,993|
|At 30june 2020||6,766|(4)||6,762|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Barclays Capital|Fund brought||forward|429,598|269,648|
|Disposal proceed||||(351,820)|(273,250)|
|CAF Bonds brought||forward|||77,379|
|Disposal proceed|||||(78,760)|
|Additions||||349,055|453,252|
|Net investment|(loss)/gain|||69,360|(18,671)|
|Market value at|30June|||496,193|429,598|
|Cost at 30June||||429,598|453,252|
|||||E|E|
|Equities (UK)||||349,051|288,576|
|Equities (Overseas)||||147,142|141,022|
|Total Investments||held||496,193|429,598|
##
|7.Subscription
in Advance|||
|---|---|---|
||2021|2020|
||E|E|
|Deferred subscription at1 July|475,037|428,376|
|Released during the year|(475,037(|(428,376J|
|Deferred
in year|509,920|475,037|
|Carried forward at 30June|509,920|475,037|
##
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|Lease expiring.|Lease expiring.||||
|---|---|---|---|---|
|Within
1|year||76,800|76,800|
|Between|2 and 5years||83,200|153,600|
|Total|||160,000|230,400|
|Rent paid|during the year||76,800|53,545|
|others:|||||
||||2021|2020|
|Lease expiring: Within||1 year|9,400|9,400|
|Between|2 and 5years||2,350|11,750|
|Total|||11,750|21,150|
|Amounts|paid during the year||9,400|9,400|
##
|10.A|nalysis of|funds|||||
|---|---|---|---|---|---|---|
|2021|||GeneralFunds|Designated|Funds|Total|
||||E||E|E|
|General|reserves at01,07.2020||327,517||58,980|386,497|
|Surplus|ofthe year||40,028|||40,028|
|Transfers|in Designated|Funds|27,757|(27,757)|||
|Net loss|on Investments||66,595|||66,595|
|TotalFunds at 30)une|||461,897||31,223|493,120|
|2020|||Genera(Funds|Designated|Funds|Total|
|---|---|---|---|---|---|---|
||||E||E|E|
|General reserves at01.07.2019|||300,611||74,426|375,037|
|Surplus ofthe year|||30,131|||30,131|
|Transfers
in|Designated|Funds|15,446|(15,446)|||
|Net loss on|Investments||(18,671)|||(18,671)|
|Total Funds|at 30)une||327,517||58,980|386,497|
|11.Analysis of||net assets|||||
|2021|||General Funds|Designated|Funds|Total|
||||E||E|E|
|Investments|||496,193|||496,193|
|Fixed Assets|||||34,968|34,968|
|Net Current|Liabilities||(38,041)|||(38,041)|
|Total Net Assets at 30.062021|||458,152||34,968|493,120|
|Total Net Assets at30.06.2020|||327,517||58,980|386,497|
|2020|||General Funds|Designated|Funds|Total|
||||E||E|E|
|Investments|||429,598|||429,598|
|Fixed Assets|||||58,980|58,980|
|Net Current|Liabilities||(102,081)|||(102,081)|
|Total Net Assets at 30.06.2020|||327,517||58,980|386,497|
|Total Net Assets at 30.06.2019|||300,611||74r426|375,037|
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