SUCCESS AFTER STROKE TRUSTEES’ REPORT FOR THE YEAR ENDING 31 DECEMBER 2021
The Receipts & Payments Account for the year ending 31 December 2021 has been reviewed and approved by the Trustees at their meeting on 8 March and approved by Hilary Spivey, our independent examiner.
a) Financial Commentary
The results for the year ended were obviously affected by the Covid 19 pandemic. No face-to-face meetings were held at all from April 2020 until 9 September 2021 when members began to return. However through the medium of Zoom videoconferencing software, both the senior physiotherapist and the Speech & Language therapists were able to provide two sessions each per week. In addition, we were able to distribute two newsletters per month to all members and volunteers throughout the pandemic lockdowns.
We were able to generate total income of £51.9k compared to total income in 2020 of £93.1k. Expenses in the year amounted to £64.7k compared to the 2020 expenditures of £86.7k. Thus in the year to December 2021, we suffered a deficit of only £12.8k compared to a surplus in 2020 of £6.3k
The 2020 results included the gross sales of the Brushstrokes Art Exhibition including the amount which is repaid to the artists thus in order to show a genuine comparison between the two years I have removed the “grossed up” Brushstrokes impact as follows:
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2021 2020
Gross Income 51,751 93,067
Brushstrokes income (1,500) (35,751)
Adjusted Gross Income 50,251 57,361
Gross Costs 64,594 86,723
Brushstrokes costs - (22,102)
Adjusted Gross Costs 64,594 64,621
Adjusted Deficit (14,343) (7,260)
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The 2020 reported surplus of £6,344 therefore falls to an adjusted deficit of £7,260
Adjusted Income
Total adjusted income in 2021 amounted to £50.3k compared to the adjusted 2020 total of £57.4k a reduction of 12.4%. Significant items of income are analysed as follows:
We managed to maintain our donation income at £29k for both years. Grants were made by two regular donors totalling £15.0k in 2021 and, over a 3 month period (Nov-Jan), the 2020 Christmas card appeal raised a total of £12.1k.
We also received a grant of £2.5k from the Catalyst Colchester Fund to fund the purchase of an electronic potter’s wheel.
Although the 2020 Brushstrokes Exhibition had to be cut short by the impending lockdown, it raised a net amount of £13.6k in 2020 and a further £1.5k in 2021 with the sale of a picture by Melita after the event.
Adjusted Costs
Total costs in 2021 of £64.6k were in line with the 2020 total adjusted costs.
As a result of Cornard Council agreeing to waive our rent from 1 April 2020 until 31 August 2021 we saved a total of £6.77k in each of 2020 and 2021.
Because we discontinued all the therapies apart from the physiotherapy and SALT, the total cost of therapists for the year was held at £26.0k very much in line with the cost incurred in 2020.
Staff gross salaries appear unchanged year on year but we were able to furlough some of the manager’s salary saving a total of £13.1k over the 17 month period. Since the end of December 2021, when the administrator resigned, the trustees have decided not to replace this role at least in the near term.
IT support costs were greatly reduced in line with the levels of activity. The chairman is putting new support contracts in place for both the website maintenance and ongoing usage.
The equipment expenditure in 2021 was in relation to projector and TV screens to improve the quality of video and other presentations.
There were no movements on the Liz Greene Fund during the year due to the fact that we were effectively closed down from April 2020 to September 2021 so no outings were arranged in both years.
b) Queen’s Award for Voluntary Service
At the beginning of June 2021, Success After Stroke was awarded the Queen’s Award for Voluntary Service (QAVS), the highest award given to volunteer groups across the UK which is also known as the MBE for volunteer groups.
c) Trustee Changes
Haydn Hertz was appointed as a trustee with effect from May 2021 and took over as Chair of Trustees from 1 October.
Richard Furlonger stood down as Chair of Trustees after ten years. He will remain a trustee.
A review will be carried out during 2022 to recruit new trustees to ease the burden on the current board of trustees.
Success Afterstroke Recolpts and Payrner Account for the Yoar ended 31 De¢ernr 2021 neral Funds Llz Gr••no Fund 2021 . Total 2020 Racalpts Donations Grants Furfough Grants Fundraising SubscrTrption8 Events Gift Aid Rocover8d Inl8rest Income 29,003 5,000 4,761 29.003 29.959 7.5 8.357 35,751 10,461 4.761 1.644" 9,501 9,501 1.971 14 1,971 722 317 Totsl receipts 51.750 51.895 93,067 Paym•nts Rent Therapist Fees Fundraising Costs Administralion Salaries M8mber5 SLtpport Costs Prinbng and Posta98 Insurance and Admin IT Support Art and Pottery Equipmgnl Evants 3,030 26.015 272 11.063 17,086 400 4,705 30 3.030 26.015 272 11,063 17,086 2.256 24,792 22,102 8,978 17,107 778 3,565 3,945 700 2,500 4.849 1,993 1,993 Totsl pwent8 64.594 64,738 86,723 Supluty l {D•flcltl of R•c•lpts over Paym•Trts 112,8441 {12,8431 ov•m•nt of Funds Balance 1st January Surplus I (Deficit) lor the yaar Balance 8131st December 133,696 12.844 120.852 8.321 142.017 12,843 129,174 135,673 6,344 142,017 8,322 R•prnsented by Cash al Bank Deposit with CCLA 16,366 112.808 129,174 22,724 119,293 142,017 Slgned on b•h•ll ol th• Truitoes: Haydn J H•rtz (Chalfmanl Loudo G nlms ITr•asurnr)
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Success after Stroke On accounts for the year ended 31 December 2021 Charity no (if any) 1115016 Set out on pages I report to the trustees on my examination of the accounts of.the above charity {llhe Trust.) for the year ended 31 December 2021. Responslblllties and As the charity trustees of the Trust, you a responsible for the preparation basis of reyrt of the accounts in accordance wrth the requirements of the Charities Act 2011 1.the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Diredions given by the Charity Commission under section 145(51{bl of the Act. I have completed my examination. I confirm thal no material matters have come to my attention in connection with the examination which gives me cause to tlieVe that in, any material respect". accounting records were not kept in aGGordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statsment I have no concerns and have come across no other matters in connection wilh the examination lo which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date". 9 March 2022 Name: Hilary Spive Relevant professional qualificationls) or body (if any): ACA Address: 52 Friars Street, Sudbury, Suffolk C010 2AG Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER Octob•r 2018