2021-12-31-accounts

000 NewslrAide The helping hand ofthe Ne￿￿trade 2021 Annual Report

					General	General			Restated
				Note	Unrestricted	Designated	Restricted	2021 Total	2020Total
					E			E	E
Income
Donations	and legacies			2	45,628	3,898		49,526	14,067
Charitable	activities			5	215,938			215,938	228,247
Income from other		trading	activities	3	1,135,000			1,135,000	1,126,885
investment	and other income			4	349,543			349,543	347,428
Total income					1,746,109	3,&98		1,750,007	1,716,627
Expenditure
Costs of raising funds and			other income	6	450,306			450,306	465,451
Charitable	activities	- Other		7	98,539			98,539	98,126
Charitable	activities	- Welfare payments			918,009	19,387		937,396	996,513
Total expenditure				8	1,466,854	19,387		1,486,241	1,560,090
Net income before other recognised
gains and losses					279,255	(15,489)		263,766	156,537
Realised gain on disposal		ofinvestments		13	2,595			2,595	352
Impairment				13	(2,308)			(2,308)
Unrealised gain	on revaluation		of investments	16	1,117,398			1,117,398	222,054
Net income					1,396,940	(15,489)		1,381,451	378,943
Gross transfers	between	funds		18	(15,489)	15,489
Net movement	ln funds				1,381,451			1,381,451	378,943
Reconciliation	offunds
Total funds	brought	forward			12,296,200	605,687	48,352	12,950,239	12,571,296
Total funds carried forward					13,677,651	605,687	48,352	14,331,690	12,950,239

		Note		2021 Total	2020 Total
				E
Fixed assets
Tangible assets		12		10,270	12,924
Investments		13		14,248,925	12,864,433
Total Fixed Assets				14,259,195	12,877,357
Current assets
Debtors, prepayments	and accrued income	14	140,765		143,498
Jane Steele Loans		14	5,461		5,461
Cash at bank and in hand			177,007		214,052
Total Current Assets				323,233	363,011
Liabilities
Creditors falling due within one year		15	(250,738)		(290,129)
Net current assets				72,495	72,882
Net assets				14,331,690	12,950,239
The funds ofthe charity:
Unrestricted funds
Designated funds				605,687	605,687
General funds			9,103,538		8,839,485
Investment gains fund		16	4,574,113		3,456,715
				13,677,651
Restricted funds				48,352	48,352
Total charity funds		18		14,331,690	12,950,239

				Restated
		Note	2021 Tota I	2020 Total
			f	f
Cash provided by operating	activities	24	(113,214)	(163,111)
Cash flows from investing	activities
Investment and interest	income		349,543	347,428
Purchase oftangible fixed assets			(4,452)	(9,134)
Investment Additions			(278,906)	(372,031)
Investment Disposal Proceeds			9,984	2,224
Cash generated/(consumed)	by investing activities		76,169	(31,513)
Decrease in cash in the year			(37,045)	(194,624)
Cash at the beginning ofthe	year		214,052	408,676
Total cash at the end ofthe year			177,007	214,052

2.Income from Donations	and Legacies	Unrestricted	Designated	Restricted	2021 Total
2021			E
Donations		37,425	3,898		41,323
Grants
Gifts in kind		8,203			8,203
		45,628	3,898		49,526
2020		Unrestricted	Designated	Restricted	2020 Total
		E
Donations		4,067			4,067
Grants			10,000		10,000
Gifts in kind
		4,067	10,000		14,067

3.Income from Other Trading	3.Income from Other Trading	3.Income from Other Trading	3.Income from Other Trading	Activities	Activities	Activities	Unrestricted Designated	Unrestricted Designated	Unrestricted Designated		Restricted	2021 Total	2020Tota I
										f.	f	E
Membership									70			70	70
Area Committee fundraising									1,122,182			1,122,182	1,120,103
Events fundraising									12,748			12,748	6,712
								1,135,000				1,135,000	1,126,885
All income from other trading			activities			in	2020 related to unrestricted funds.
4.Investment and Other	Income						Unrestricted Designated				Restricted E	2021 Total f	2020 Total E
Income from quoted investments									349,517			349,517	347,236
Bank deposit interest									26			26	192
									349,543			349,543	347,428
All investment and other income				in	2020 related to unrestricted			funds.
5.Income from Charitable	Activities						Unrestricted Designated E			E	Restricted E	2021 Total E.	2020 Total f
Retailers' Charitable Donations									215,938			215,938	228,247
									215,938			215,938	228,247
All income from charitable	activities				in	2020 related to unrestricted			funds.
6.Costs ofRaising Funds	and		Other			Income							Restated
							Unrestricted Designated				Restricted	2021 Total	2020Tota I
									F	E		E	E
Area Committee fundraising		costs							433,307			433,307	461,411
Events fundraising costs									8,796			8,796	4,040
Other									8,203			8,203
									450,306			450,306	465,451
All costs ofraising funds and		other			income		in 2020 related to unrestricted funds.

7.Costs ofCharitable	7.Costs ofCharitable	7.Costs ofCharitable		Activities	Activities	Activities									Restated
								Unrestricted	f	Designated		Restricted f		2021 Total f	2020 Tota I f
Cost of raising		funds						98,539						98,539	98,126
								98,539						9&,539	98,126
All costs ofcharitable			activities			in 2020 related to	unrestricted	funds.
8.Total Expenditure											Costs of		Costs of
											Raising		Charitable	Support
2021								Voluntary			Income		Activities f	Costs f	2021 Totalf
Staff costs											17,231		125,224	244,782	387,237
Fundraising	costs										245,712				245,712
Governance	costs (note			9)										43,682	43,682
Other costs											8,203		691,736	102,565	802,504
Depreciation														7,106	7,106
Support costs		(note 9)									179,160		218,975	(398,135)
											450,306		1,035,935		1,486+4%
											Costs of		Costs of
											Raising		Charitable	Support	Restated
2020								Voluntary			Income		Activities	Costs	2020 Tota I
												f	f
Staff costs											16,477		119,569	228,660	364,706
Fundraising	costs										270,566				270,566
Governance	costs (note			9)										42,021	42,021
Other costs													757,013	116,048	873,061
Depreciation														9,736	9,736
Support costs		(note 9)									178,408		218,057	(396,465)
											465,451		1,094,639		1,560,090
f8,203(2020:		fnil) within costs				ofraising voluntary	income relates to gifts		in	kind.
9.Analysis	ofGovernance				and Support Costs										Restated
														2021 Total	2020 Total
Governance	costs comprise:
Legal and professional				fees										16,756	14,139
Audit and accountancy														15,815	23,385
Meeting costs														9,274	1,957
Annual report		and accounts												1,837	2,540
														43,682	42,021
													Costs of	Costs of
													Raising	Charitable
											Voluntary		Income	Activities
2021													45o/o	55o/o	2021 Total
Support costs are allocated to charitable activities as follows:
Staff costs													111,283	136,013	247,296
Staff training		and recruitment											1,832	2,239	4,071
Senior manager expenses													161	197	358
Office overheads													27,358	33,437	60,795
Computers													10,476	12,805	23,280
Lease charge													1,145	1,399	2,544
Advertising	and promotion												3,749	4,582	8,331
Governance	costs												19,657	24,025	43,682
Website													301	370	671
Depreciation													3,198	3,908	7,107
													179,160	218,975	398,135

9.Analysis	ofGovernance	ofGovernance	and Support Costs (continued)		Costs of	Costs of
					Raising	Charitable
				Voluntary	income	Activities	Restated
2020					45%	55%	2020 Total
Support costs are allocated			to charitable activities as follows:
Staff costs					104,153	127,298	231,451
Staff training	and recruitment				7,456	9,113	16,569
Senior manager		expenses			152	186	338
Office overheads					28,591	34,945	63,536
Computers					6,424	7,852	14,276
Lease charge					1,473	1,800	3,273
Advertising	and	promotion			2,915	3,563	6,478
Governance	costs				18,909	23,112	42,021
Website					3,954	4,833	8,787
Depreciation					4,381	5,355	9,736
					178,408	218,057	396,465

10.Net income for	10.Net income for	the year		2021 Total	2020 Total
					E
This is stated after	charging:
Operating leases -	equipment			2,544	3,273
Depreciation				7,106	9,736
Audit ofcharitable	company			19,500	19,500
Trustees' reimbursed		expenses			792
During the year 0(2020:5)Trustees were reimbursed			for travel and subsistence.
11.Staff Costs				2021 Total	2020 Total
Staff costs were as	follows:
Salaries and wages				336,563	315,563
Social security costs				33,134	33,312
Pension contributions				17,539	15,831
Total emoluments		paid tostaff		387~6	364,706

The average weekly number ofemployees	during the year was as follows:	2021	2020
		Number	Number
Head Office full time equivalent
Head Office total head count

12.Tangible Assets	12.Tangible Assets								Office Fixings,	Office Fixings,	Computer
						Furniture		and Equipment			Equipment	Total
											E	E
CostNaluation
At 1January 2021									5,860		26,568	32,428
Additions											4,452	4,452
Disposals
At 31December	2021								5,860		31,020	36,880
Depreciation
At 1 January 2021									2,023		17,481	19,504
Charge for year										960	6,146	7,106
Disposals
At 31December	2021								2,983		23,627	26,610
Net Book Value
At 31December	2021								2,877		7,393	10,270
At 31December	2020								3,837		9,087	12,924
13.Investments											2021 Tota I	2020 Tota I
											E
Quoted investments
Market value at	1 January										12,864,433	12,294,790
Additions											278,906	372,031
Disposal proceeds											(9,984)	(2,224)
Gain on disposal	of	investments									2,595	352
Unrealised gain											1,117,398	222,054
Movement in cash held											(4,423)	(22,570)
Market value at 31December											14+A8925	12864433
The market value of investments				has fallen by 4%since the year end.	The	Charity's	reserve position			remains	strong and	there are no
concerns regarding		going concern		from the current market fluctuations.
Cost at 1January											9,328,287	8,958,128
Additions											278,906	372,031
Dis osals											(7,388)	(1,872)
Costat 31December											9,599,805	9,328,2&7
Quoted investments			are allotted to each range as follows:								Common
											Investment
						Equities			Bonds		Fund	Total
								E		E	E	E
2021											9,599,805	9,599,805
2020											9,328,287	9,328,287
The following investments are held				in excess of5%ofthe total investment	portfolio value.
											2021 Total	2020 Tota I
											E	E
RATHBONE UNIT TRUST MANAGEMENT										96'Yo	13,718,582	12,384,558
The investment	is valued net ofmanagement charges.
Management charges for the year total E111,011(2020:E118,918).

15.Creditors Due Within	One	One	Year								2021 Total	2020 Total	2020 Total
Trade creditors											1,664		11,429
Other creditors											182,647		193,201
PAYE and pensions											9,255		11,273
Accruals											57,172		74,226
											250,738		290,129
Included within other creditors			is an amount of		f5934	(2020-f5903)in		relation to W Starling,		a former	resident ofBarneston		Court
Care home. This amount	is being held pending				completion		ofW Starling's	probate.
16.Investments gains funds											2021 Totalf	2020 Total
At 1January											3,456,715		3,234,661
Gain in year											1,117,398		222,054
At 31December											4,574,113		3,456,715
17.Analysis ofnet assets between funds											Restricted		2021
2021								Unrestricted	Designated f		J Steelef		Total f
Funds balances at 31 December			2021 are represented			by:
Tangible fixed assets								10,270					10,270
Investments								13,643,238		605,687		14,248,925
Current assets								274,881			48,352		323,233
Creditors: amounts falling	due within one year							(250,738)					(250,738)
								13,677,651		605,687	48,352	14,331,690
Unrealised gains included	above:
On investments								4,574,113					4,574,113
								4,574,113					4,574,1'i3
Reconciliation ofmovements		in	unrealised	gains:
Unrealised gains at 1 January		2021						3,456,715					3,456,715
Revaluation in the year								1,117,398					1,117,398
Unrealised gains at 31December 2021								4,574,113					4,574,113

17.Analysis of net	17.Analysis of net	assets		between funds (Continued)	between funds (Continued)	between funds (Continued)	between funds (Continued)				Restricted	2020
								Unrestricted	Designated		J Steele	Total
										6	E	E
2020
Funds balances at	31 December 2020 are				represented		by:
Tangible fixed assets								12,924				12,924
Investments								12,258,746		605,687		12,864,433
Current assets								314,659			48,352	363,0'I 1
Creditors: amounts		falling	due within one		year			(290,129)				(290,129)
								12„296,200		605,687	48,352	12,950,239
Unrealised gains included			above:
On investments								3,456,715				3,456,715
On investments								3,456,715				3,456,715
Reconciliation ofmovements				in unrealised	gains:
Unrealised gains at		1January 2020						3,234,661				3,234,661
Revaluation in the	year							222,054				222,054
Unreallsed gains	at 31December 2020							3,456,715				3,456,715
18.Analysis ofCharitable				Funds
				Brought			Unrealised Realised
				Forward	Income	Expenditure		Gain	Gain	Impairment	Transfers	2021
2021								E	E	f	E	f
Restricted funds Jane Steele				48,352								48,352
Total restricted funds				48,352
Designated funds
ACE					3,898		(19,387)				15,489
Legacy income				605,687								605,687
Total designated	funds			605,687	3,898		(19,387)				15,4S9	605,687
General funds				12,296,200	1,746,109		(1,466,854)	1,117,398	2,595	(2,308)	(15,489)	13,677,651
Total general funds				12,296,200	1,746,109		(1,466,854)	1,117,398	2,595	(2,308)	(15,489)	13,677,651
Total funds				12,950,239	1,750,007		(1,4&6,241)	1,117,398	2,595	(2,308)		14331,690
				Brought				Unrealised		Realised
				Forward	Income		Expenditure	Gain		Gain	Transfers	2020
2020				6		E	E	E
Restricted funds Jane Steele				48,352								48,352
Total restricted funds				48,352								4S,352
Designated funds
ACE							(23,672)				23,672
Grants					10,000						(10,000)
Legacy income				605,687								605,687
Total designated funds				605,687	10,000		(23,672)				13,672	605,687
General funds				11,917,257	1,706,627		(1,536,418)	222,054		352	(13,672)	12,296,200
Total general funds				11,917,257	1,706,627		(1,536,41$)	222,054		352	(13,672)	12,296,200
Total funds				12,571,296	1,716,627		(1,560,090)	222,054				12,950,239

20.Financial Instruments	20.Financial Instruments							2021	2020
								E	f.
Financial	assets measured	at	fair value	through		profit or loss		14,248,925	12,864,433
Financial	assets measured	at	amortised	cost				274,094	237,742
Financial	liabilities measured		at amortised		cost			(193,566)	(215,903)
Financial	assets measured	at	fair value	through		profit or loss comprises	quoted investments	held as at 31 December 2021 (note 13).
Financial	assets measured	at	amortised	cost comprises total current assets less prepayments				and Jane Steele loans (note 14).Financial
liabilities	at amortised cost	comprises		creditors		due in less than one year less accruals (note		15).
21.Operating Lease Commitments								Land and buildings
The Charity's future minimum			lease payments			are as follows:		2021 Tota I	2020 Tota I
Operating	leases which expire:
Within one year								31,063	25,886
Between	one and five years							63,421	78,737
								Other
								2021 Total	2020 Total
								E	f
Within one year								2,300	2,300
Between	one and five years							2,115	4,415

24.Reconciliation ofnet movement	24.Reconciliation ofnet movement	in	funds/debt	and net	movement	in
funds to net cash flow from operating			activities				At the start		At the end
							ofthe year		ofthe year
a) net movement in funds/debt							E		E
Cash at bank and in hand							214,052	(37,045)	177,007
Net funds							214,052	(37,045)	177,007
								2021 Tota I	2020 Total
b) net movement in funds to net	cash flow from			operating	activities			E
Net movement in funds								1,381,451	378,943
Add back depreciation charge								7,106	9,736
Add back profit on disposal of investments								(2,595)	(352)
Less unrealised gain on Investments								(1,1 17,398)	(222,054)
Interest income shown in investing	activities							(349,543)	(347,428)
Decrease in cash held at investment		managers						4,423	22,571
Decrease in debtors								2,733	8,233
Decrease in creditors								(39,391)	(12,760)
Net cash provided by operating activities								(113+14)	(163,111)