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2020-12-31-accounts

IJnrestricted Restricted Total Funds
Note Funds Funds 2020
E E f
Incoming and endowments from
Donations
and legacies		 184,125 16,678 200,803
Charitable
activities		 236,563 8,250 244,813
Investments 33,669 33,669
Other trading
activities
Total Incoming Resources 454,357 24,928 479,285
Expenditure
on
Raising funds 48,860 48,860
Charitable
activities		 317,392 42,851 360,243
Total expenditure 366,252 42,851 409,103
Net gains/(losses)
on investments		 13 57,212 57,212
Net Income/(Expenditure) for the Year 145,317 (17,923) 127,394
Transfer between
funds		 (13,716) 13,716
Net movement
in funds		 131,601 (4,207) 127,394
Fund balances brought forward
at 1January 2020 1,465,889 387,212 1,853,101
Fund balances carried forward
at31December 2020 1,597,490 383,005 1,980,495

fo r the year ended 31Decemb er 2019
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2019
E f E E
Incoming and endowments from
Donations
and legacies		 328,700 32,049 360,749
Charitable
activities		 158,345 10,750 169,095
Investments 8,577 4,410 12,987
Other trading
activities		 2,740 2,740
Total Incoming Resources 498,362 47,209 545,571
Expenditure
on
Raising funds 61,852 61,852
Charitable
activities		 409,878 75,298 485,176
Total expenditure 471,730 75,298 547,028
Net gain on investments 38,589 38,589
Fair value gain on Investment Property 58,021 58,021
Net Income/(Expenditure) for t,he
Year 123,242 {28,089} 95,153
Transfer between
funds		 14,800 132,200 (147,000)
Net movement
in funds		 138,042 1041111 95,153
Fund balances brought forward
at 1January 2019 1,327,847 283,101 147,000 1,757,948
Fund balances carried forward
at 31December 2019 1,465,889 387,212 1,853,101

Notes Charit:y Charity
2020 2019
FIxed Assets f
Tangible Assets 12 2,066 1,456
Investments 13 1,534,208 1,342,944
1,536,274 1,344,400
Current Assets
Debtors 14 73,198 127,197
Short term deposits 15 19,766 121,516
Cash at bank and in hand 15 449,199 339,033
542,163 587,746
Creditors: Amounts falling due
within one year 16 97,942 79,045
Net Current Assets 444,221 508,701
Total assets less current liabilities 1,980,495 1,853,101
Net Assets 1,980,495 1,853,101
Funds
Unrestricted 19 1,597,490 1,465,889
Restricted 20 383,005 387,212
Total Funds 1,980,495 1,853,101

Notes 2020 2019
E E
Cash flows from operating activities
Net income for the reporting
period as per		 statement offinancial
activities 127,394 95,153
Adjustment
for:
Depreciation
charges		 12 995 10,940
(Profit)/Loss
on disposal of		 fixed assets (57,212} (96,610)
Dividends,
interest and rents from investments		 (33,669} (12,987)
(Increase)/decrease
in debtors		 53,999 38,319
Increase/(decrease)
in creditors		 18,897 (55,187)
Net cash provided
by/(used		 in) operating activities 110,404 (20,372)
Cash flows from investing activities:
Dividends,
interest and rents from investments		 33,669 12,987
Purchase of property,
plant		 and equipment (1,605) (357)
Proceeds from sale offixed assets 1,429,500
Proceeds from sale ofinvestments 13 7,848 29,062
Purchase ofinvestments 13 (141,900) (1,250,070)
Net cash provided
by/(used		 in) investing activities (101,988) 221,122
Change
in cash and cash equivalents
in the
reporting
period		 8,416 200,750
Cash and cash equivalents at the beginning ofthe
the reporting
period		 460,549 259,799
Cash and cash equivalents at the end ofthe
reporting
period		 15 468,965 460,549

Unrestricted Restricted Total Funds Total Funds
Donations and legacies Funds Funds 2020 2019
f f f
Donations, street collections, appeals
and grants 103,136 16,678 119,814 206,824
Legacies 80,989 80,989 153,925
Total donations and legacies 184,125 16,678 200,803 360,749
Unrestricted Restricted Total Funds Total Funds
Charitable Activities Funds Funds 2020 2019
f f. F
Membership 69,589 69,589 62,629
Burnham Holiday Home 368
Mezzanine Floor Rent Income 6,613
Contribution to welfare, social activities
and Fellowship expenses 166,974 8,250 175,224 99,485
Total charitable activities 236,563 8,250 244,813 169,095
Unrestricted Restricted Total Funds Total Funds
investment Income Funds Funds 2020 2019
f f f
Dividends 28,850 28,850 11,984
Bank Interest 4,819 4,819 1,003
33,669 33,669 12,987

Unrestricted Restricted Total Funds Total Funds
Expendit:ure
on raising		 funds Funds Funds 2020 2019
f f f
Allocated staff salaries (note 10) 26,217 26,217 34,642
Investment
management		 costs 9,740 9,740 6,519
Costs ofgenerating voluntary income 11,053 11,053 9,327
Trading expenditure 1,850 1,850 11,364
48,860 48,860 61,852
Unrestricted Restricted Total Funds Total Funds
Expenditure
on charitable		 activities Funds Funds 2020 2019
f f f f
Direct Costs
Socials, outings 5 holidays 37,572 16,379 53,951 122,551
Sundries
and other		 grants 9,374 6,441 15,815 27,507
Heating Grants 12,300 12,300 9,720
Expert 5Orthotics Panel 55 55 282
Bulletin and branch newsletters 50,243 7,731 57,974 59,869
Welfare Information R.Education 237 237 740
Mezzanine
Floor Costs		 3,145
Burnham
Holiday Home		 2,286
97,481 42,851 140,332 226,100
Support Costs
Allocated Staff salaries (note 10) 130,620 130,620 115,156
Office costs 36,665 36,665 40,277
Telephone,
postage		 g~ stationary 5,599 5,599 9,392
Depreciation 995 995 10,941
Branch admin 492 492 2,238
Other staff costs 56 56 (372)
Insurance 5,080 5,080 6,266
Bank charges 2,998 2,998 2,867
ITCosts 8,552 8,552 8,751
Travel 407 407 1,012
191,464 191,464 196,528
Governance
Costs
Meetings
and travel		 2,612 2,612 5,199
Legal and professional fees 15,582 15,582 9,805
Audit Fees 10,253 10,253 20,615
Property Sale Costs 26,929
28,447 28,447 62,548
317,392 42,851 360,243 485,176

Raising Charitable Total Funds Total Funds
Staff Costs Funds activities 2020 2019
f f f
Wages and salaries 23,289 118,599 141,888 133,920
Interim
CEO Costs		 410
Social security costs 2,340 7,556 9,896 10,075
Pension costs 588 4,465 5,053 5,393
26,217 130,620 156,837 149,798
No individual
earned
in excess off		 No individual
earned
in excess off		 No individual
earned
in excess off		 60,000 p er a nnum
in		 the the year (2019:non e).
The average number ofemployees analysed by function was as follows: 2020 2019
Charitable
services
Fundraising
Management
and administration
The key management
personnel		 ofthe Charity compromise the Operations Manager and the Finance S.Office Manager. The
total employee
benefits of		 the key management personnel ofthe charity were E82,526(2019:f90,209).
Net Income/(Expenditure)
Net Income/(Expenditure) are stated after charging: 2020 2019
Auditors'
remuneration:		 E
Audit fee 20,615
Other financial services 10,253
Depreciation 995 10,941

Fixtures, Fittings &
12 Tangible
Fixed Assets		 Equipment Total
Cost f f
At 1January 2020 27,830 27,830
Additions 1,605 1,605
Disposals
At 31December 2020 29,435 29,435
Accumulated
Depreciation
At 1January 2020 26,374 26,374
Depreciation
on disposals
Charge for the year 995 995
At 31December 2020 27,369 27,369
Net BookValue
At 31December 2020 2,066 2,066
At 31December 2020 1,456 1,456
Fixed Asset Investments 2020
f
Listed investments 1,534,208
1,534,208
Listed investments
Investments held in portfolio
At 1January 2020 1,342,944
Additions 141,900
Disposals (7,848)
Realised and unrealised gains 57,212
At 31December 2020 1,534,208
The percentage The percentage invested in each category is:
Alternatives 14%
Cash 1%
Fixed Income 9%
UK Equity 24%
Mixed Investments 4%
International Equity 43%
Property 5%
100/o
14 Debtors
2020 2019
f f
Trade Debtors 482 482
Prepayments 8 accrued income 68,710 114,925
Other debtors 4,006 11,790
73,198 127,197
15 Components ofcash and cash equivalents
2020 2019
f f
Interest bearing deposits 19,766 121,516
Bank current accounts 444,028 333,219
Cash 5,171 5,814
468,965 460,549
16 Creditors: Amounts
falling due within one year
2020 2019
f f
Trade creditors 40,109 5,432
Accruals and deferred income 49,831 70,935
Taxation and social security 8,002 1,965
Other creditors 713
97,942 79,045

Unrestricted Restricted Total Total
funds funds 2020 2019
f f
Tangible
Fixed Assets		 2,066 2,066 1,456
Investments 1,151,203 383,005 1,534,208 1,342,944
Current Assets 73,198 73,198 127,197
Cash at bank 468,965 468,965 460,549
Current
liabilities		 (97,942) (97,942) (79,045)
1,597,490 383,005 1,980,495 1,853,101
Accumulated
18 Analysis of Movement in Funds Total Fund
f f
Unrestricted
Funds
At 1January 2020 1,465,889 1,465,889
Operating
Surplus		 88,105 88,105
Transfer (13,716) (13,716)
Investment
Revaluation
Realised gains on investments 57,212 57,212
At 31December 2020 1,597,490 1,597,490
Restricted
Funds (Note		 20)
At 1January 2020 387,212 387,212
Operating
Deficit		 (17,923) (17,923)
Transfer between funds 13,716 13,716
At 31December 2020 383,005 383,005
Roosevelt Endowment Fund
Total Funds at 31 December 2019 1,853,101 1,853,101
Total Funds at 31 December 2020 1,980,495 1,980,495
Balance at
Balance at 1 31
January Movement Resources December
19 Unrestricted Funds 2020 in Incoming Outgoing Transfers 2020
f f f f f
Designated Funds
Fixed Assets 1,456 1,604 (994) 2,066
Pat Parker Games Fund 3,000 3,000
Loan unit investment fund 1,165,667 12,000 (10,914) 42,996 1,209,749
Loan unit project fund 5,429 5,429
1,172,552 16,604 (11,908) 42,996 1,220,244
Other Unrestricted Funds 293,337 437,753 (297,132) (56,712) 377,246
1,465,889 454,357 (309,040) (13,716) 1,597,490
Balance at
Balance at 31
1January Movement Resources December
20 Restricted
Funds		 2020
f		 in Incoming
f		 Outgoing
f		 Transfers
f		 2020
f
Ron Scudamore
Holiday		 Fund 48,489 (4,005) 1,777 46,261
RegionalAreas
Trust		 Funds 10,905 399 11,304
Roosevelt Memorial Fund 180,072 (4,165) 6,600 182,507
Other Restricted
Funds		 7,059 550 (527) 259 7,341
Donation towards
EPU		 Costs 309 (324) 15
Metcalf Legacy 103,869 (4,104) 3,806 103,571
Richard
Flint Award		 Fund 22,603 (1,425) 828 22,006
Bulletin Appeal 1,300 6,368 (7,731) 63
Indoor Games Trust Funds 8,250 (8,250)
Watford
Borough Council		 1,000 (20) 37 1,017
Victoria Foundation Fund 7,130 (239) 6,891
Trust Fund for Heating Grants 500 500 (1,025) 25
Winter Warmth
Appeal		 3,976 9,260 (11,275) 146 2,107
387,212 24,928 (42,851) 13,716 383,005

2020 2019
Other Other
operating operating
f f
In less than 1year 2,475 12,015
In 2-5 years 3,712 6,186
In more than 5 years