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

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||||||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<br>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|





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|||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<br>funds||||||
|Designated<br>funds||||605,687|605,687|
|General funds|||9,103,538||8,839,485|
|Investment<br>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|





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|||||Restated|
|---|---|---|---|---|
|||Note|2021 Tota I|2020 Total|
||||f|f|
|Cash provided<br>by operating|activities|24|(113,214)|(163,111)|
|Cash flows from investing|activities||||
|Investment<br>and interest|income||349,543|347,428|
|Purchase oftangible fixed assets|||(4,452)|(9,134)|
|Investment<br>Additions|||(278,906)|(372,031)|
|Investment<br>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<br>ofthe|year||214,052|408,676|
|Total cash at the end ofthe year|||177,007|214,052|





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|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<br>Designated|Unrestricted<br>Designated|Unrestricted<br>Designated||Restricted|2021 Total|2020Tota I|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f.|f|E||
|Membership|||||||||70|||70|70|
|Area Committee<br>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<br>funds.|||||||
|4.Investment<br>and Other|Income||||||Unrestricted<br>Designated||||Restricted<br>E|2021 Total<br>f|2020 Total<br>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<br>and other income||||in|2020 related to unrestricted|||funds.||||||
|5.Income from Charitable|Activities||||||Unrestricted<br>Designated<br>E|||E|Restricted<br>E|2021 Total<br>E.|2020 Total<br>f|
|Retailers' Charitable<br>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<br>Designated||||Restricted|2021 Total|2020Tota I|
||||||||||F|E||E|E|
|Area Committee<br>fundraising||costs|||||||433,307|||433,307|461,411|
|Events fundraising<br>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<br>funds.|||||||





|7.Costs ofCharitable|7.Costs ofCharitable|7.Costs ofCharitable||Activities|Activities|Activities|||||||||Restated|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|f|Designated||Restricted<br>f||2021 Total<br>f|2020 Tota I<br>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<br>f|Costs<br>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<br>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<br>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<br>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<br>gain|||||||||||1,117,398|222,054|
|Movement<br>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<br>investments<br>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<br>net ofmanagement<br>charges.||||||||||||
|Management<br>charges for the year total E111,011(2020:E118,918).|||||||||||||



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|15.Creditors<br>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<br>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<br>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<br>funds|||||||||||Restricted||2021|
|2021||||||||Unrestricted|Designated<br>f||J Steelef||Total<br>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<br>falling|due within one year|||||||(250,738)|||||(250,738)|
|||||||||13,677,651||605,687|48,352|14,331,690||
|Unrealised<br>gains included|above:|||||||||||||
|On investments||||||||4,574,113|||||4,574,113|
|||||||||4,574,113|||||4,574,1'i3|
|Reconciliation<br>ofmovements||in|unrealised|gains:||||||||||
|Unrealised<br>gains at 1 January||2021||||||3,456,715|||||3,456,715|
|Revaluation<br>in the year||||||||1,117,398|||||1,117,398|
|Unrealised<br>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<br>gains included|||above:||||||||||
|On investments||||||||3,456,715||||3,456,715|
|On investments||||||||3,456,715||||3,456,715|
|Reconciliation<br>ofmovements||||in unrealised|gains:||||||||
|Unrealised<br>gains at||1January 2020||||||3,234,661||||3,234,661|
|Revaluation<br>in the|year|||||||222,054||||222,054|
|Unreallsed<br>gains|at 31December 2020|||||||3,456,715||||3,456,715|
|18.Analysis ofCharitable||||Funds|||||||||
|||||Brought|||Unrealised<br>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<br>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<br>funds|||||||||||||
|ACE|||||||(23,672)||||23,672||
|Grants|||||10,000||||||(10,000)||
|Legacy income||||605,687||||||||605,687|
|Total designated<br>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|





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|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<br>cost|comprises||creditors||due in less than one year less accruals (note||15).||
|21.Operating<br>Lease Commitments||||||||Land and buildings||
|The Charity's<br>future<br>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|



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|24.Reconciliation<br>ofnet movement|24.Reconciliation<br>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<br>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<br>in funds to net|cash flow from|||operating|activities|||E||
|Net movement<br>in funds||||||||1,381,451|378,943|
|Add back depreciation<br>charge||||||||7,106|9,736|
|Add back profit on disposal of investments||||||||(2,595)|(352)|
|Less unrealised<br>gain on Investments||||||||(1,1 17,398)|(222,054)|
|Interest income shown<br>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<br>by operating activities||||||||(113+14)|(163,111)|



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