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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|5|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet|8|to|9|
|Cash Flow Statement||10||
|Notes to the Financial Statements|11|to|20|
|Detailed Statement ofFinancial Activities|21|to|22|
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|||||31.12.21|31.12.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes||||8|
|INCOME AND ENDOWMENTS FROM||||||
|Donations
and legacies||325,953|20,914|346,867|325,996|
|Other trading activities||80,338||80,338|47,516|
|Other income||64,299||64,299|46,556|
|Total||470,590|20,914|491,504|420,068|
|EXPENDITURE ON||||||
|Direct trading costs|4|7,212||7,212|6,053|
|Charitable
activities||||||
|Charitable
Activities||460,898||460,898|397,476|
|Total||468,110||468,110|403,529|
|NET INCOME||2,480|20,914|23,394|16,539|
|RECONCILIATION OF FUNDS||||||
|Total funds brought forward||93,458||93,458|76,919|
|TOTAL FUNDS CARRIED FORWARD||95,938|20,914|116,852|93,458|
##
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|||||31.12.21|31.12.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
||Notes|fund
g|fund|fundsI|funds|
|FIXEDASSETS||||||
|Tangible assets||78,040||78,040|81,570|
|CURRENT ASSETS||||||
|Stocks|12|167||167|171|
|Debtors|13|11,765||11,765|15,042|
|Cash at bank and in hand||77,163|20,914|98,077|72,006|
|||89,095|20,914|110,009|87,219|
|CREDITORS||||||
|Amounts
falling due within one year|14|(36,197)||(36,197)|(30,054)|
|NET CURRENT ASSETS||52,898|20,914|73,812|57,165|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||130,938|20,914|151,852|138,735|
|CREDITORS||||||
|Amounts
falling due afier more than one year|15|(35,000)||(35,000)|(45,277)|
|NET ASSETS||95,938|20,914|116,852|93,458|
|FUNDS|18|||||
|Unrestricted
funds||||95,938|93,458|
|Restricted funds||||20,914||
|TOTAL FUNDS||||116,852|93,458|
##
|||||Cash Flow Statement|||
|---|---|---|---|---|---|---|
||||for|the Year Ended 31December|2021||
||||||31.12.21|31.12.20|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated
from operations||||20|46,199|25,467|
|Interest paid|||||(601)|(625)|
|Net cash provided by operating
activities|||||45,598|24,842|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(14,526)|(19,872)|
|Net cash used in investing|activities||||(14,526)|(19,872)|
|Cash flows from financing||activities|||||
|New loans in year||||||50,000|
|Loan repayments
in year|||||(5,001)||
|Net cash (used in)/provided||by financing|activities||(5,001)|50,000|
|Change in cash and cash|equivalents||in||||
|the reporting period|||||26,071|54,970|
|Cash and cash equivalents||at the|||||
|beginning
ofthe reporting||period|||72,006|17,036|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||98,077|72,006|
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|Short leasehold|over term oflease|
|---|---|
|Improvements
to property|2%on cost|
|Fixtures and fittings|25%on reducing balance|
|Motor vehicles|25%on reducing balance|
|Computer
equipment|25%on reducing balance|
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|DONATI|ONS
AND LEGACIES|||
|---|---|---|---|
|||31.12.21|31.12.20|
|Donations||296,299|270,616|
|Gift aid||50,568|55,380|
|||346,867|325,996|
|OTHER|TRADING ACTIVITIES|||
|||31.12.21|31.12.20|
|Lettings income||71,304|38,967|
|Beverage|sales|5,259|4,405|
|Catering|events|3,775|4,144|
|||80,338|47,516|
##
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|OTHER TRADING|ACTIVITIES|||
|---|---|---|---|
|||31.12.21|31.12.20|
|Opening stock||171|213|
|Purchases||7,208|4,411|
|Closing stock||(167)|(171)|
|Bad debts|||1,600|
|||7,212|6,053|
|CHARITABLE ACTIVITIES COSTS||||
|Direct Costs||||
|Wages|||131,995|
|Social security|||6,803|
|Pensions|||7,461|
|Hire ofplant and machinery|||20,485|
|Rent|||126,349|
|Rates and water|||2,605|
|Events and guest speakers|||7,210|
|Repairs and renewals|||20,143|
||||323,051|
|Support Costs||||
|Bank charges|||666|
|Disallowed
input VAT|||6,050|
|Cleaning|||8,062|
|Client hospitality|||1,896|
|Gills and donations|||9,982|
|Insurance|||6,339|
|Light and heat|||18,290|
|Depreciation|||18,056|
|Telephone|||3.253|
|Postage and stationery|||537|
|Equipment
and resources|||8,994|
|Travelling|||32,024|
|Advertising|||3,134|
|Subscriptions|||4,458|
|Sundry expenses|||521|
||||122,262|
|Governance
Costs||||
|Accountancy|||8,440|
|Legal and professional|fees||6,544|
||||14,984|
##
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|SUPPORT COSTS|||
|---|---|---|
|||Finance|
|Charitable Activities||601|
|NET INCOME/(EXPENDITURE)|||
|Net income/(expenditure)
is stated atter charging/(crediting);|||
||31.12.21|31.12.20|
|Depreciation - owned assets|18,056|15,742|
|Hire ofplant and machinery|20,485|16,750|
|Other operating
leases|126,349|78,092|
##
##
|STAFF COSTS|STAFF COSTS||||||
|---|---|---|---|---|---|---|
||||||31.12.21|31.12.20|
|Wages and salaries|||||131,995|134,978|
|Social security|costs||||6,803|6,583|
|Other pension|costs||||7,461|5,665|
||||||146,259|147,226|
|The average monthly||number ofemployees||during the year was as follows:|||
||||||31.12.21|31.12.20|
|Employees|||||6|6|
|No employees|received emoluments||in excess off60,000.||||
|COMPARATIVES F|ORTHK STATEMENT OF FINANCIAL ACT|IVITIES|
|---|---|---|
|||Unrestricted|
|||fund|
|INCOME AND ENDOWMENTS FROM|||
|Donations
and legacies||325,996|
|Other trading activities||47,516|
|Other income||46,556|
|Total||420,068|
|EXPENDITURE ON|||
|Direct trading costs||6,053|
|Charitable
activities|||
|Charitable Activities||397,476|
|Total||403,529|
|NET INCOME||16,539|
|RECONCILIATION|OF FUNDS||
|Total funds brought fonvard||76,919|
|TOTAL FUNDS CARRIED FORWARD||93,458|
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
|||Improvements|Fixtures|
||Short|to|slid|
||leasehold|property|fittings|
|COST||||
|At 1 January 2021|104,801|15,220|145,219|
|Additions|||12,406|
|At 31December 2021|104,801|15,220|157,625|
|DEPRECIATION||||
|At 1January 2021|79,377|583|122,452|
|Charge for year|6,355|304|6,210|
|At 31December 2021|85,732|887|128,662|
|NET BOOKVALUE||||
|At 31December 2021|19,069|14,333|28,963|
|At 31December 2020|25,424|14,637|22,767|
##
||for the Year Ended 31December 2|021|||
|---|---|---|---|---|
|11.|TANGIBLE FIXEDASSETS - continued||||
|||Motor|Computer||
|||vehicles|equipment|Totals|
||COST||||
||At 1 January 2021|5,971|33,735|304,946|
||Additions||2,120|14,526|
||At 31December 2021|5,971|35,855|319,472|
||DEPRECIATION||||
||At 1 January 2021|5,828|15,136|223,376|
||Charge for year|36|5,151|18,056|
||At 31December 2021|5,864|20,287|241,432|
||NET BOOKVALUE||||
||At 31December 2021|107|15,568|78,040|
||At 31December 2020|143|18,599|81,570|
|12.|STOCKS||||
||||31.12.21|31.12.20|
||Stocks||167|171|
|13.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||31.12.21|31.12.20|
||Trade debtors||4,929|6,515|
||Other debtors||6,329|7,663|
||Prepayments||507|864|
||||11,765|15,042|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||31.12.21|31.12.20|
||Bank loans and overdraiis (see note 16)||10,000|4,724|
||Trade creditors||8,169|4,499|
||Social security and other taxes||2,901|2,362|
||Other creditors||11,730|15,496|
||Accruals aud deferred income||3,397|2,973|
||||36,197|30,054|
||||||||
|---|---|---|---|---|---|---|
|15.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR||||||
||||||31.12.21|31.12.20|
||||||35,000|45,277|
|16.|LOANS||||||
||An analysis ofthe maturity ofloans is given below:||||||
||||||31.12.21|31.12.20|
|||||||I|
||Amounts
falling due within one year on demand:||||||
||Bank loans||||10,000|4,724|
||Amounts
falling between|one and two years:|||||
||Bank loans - 1-2years||||10,000||
||Amounts
falling due between two and five years:||||||
||Bank loans
—1-5years||||25,000|39,991|
||Amounts
falling due in more than five years;||||||
||Repayable
by instalments:||||||
||Bank loans more 5yr by instal|||||5,286|
|17.|LEASING AGREEMENTS||||||
||Minimum
lease payments|under non-cancellable|operating|leases fall due as follows:|||
||||||31.12.21|31.12.20|
||Within one year||||17,151|17,151|
||Between one and five years||||2,182|6,545|
||||||19,333|23,696|
|18.|MOVEMENT IN FUNDS||||||
||||||Net||
||||||movement|At|
|||||At 1.1.21|in funds|31.12.21|
|||||g|||
||Unrestricted
funds||||||
||General fund|||93,458|2,480|95,938|
||Restricted funds||||||
||Hope ForLatvia||||20,914|20,914|
||TOTAL FUNDS|||93,458|23,394|116,852|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted|funds|||||
|General fund|||470,590|(468,110)|2,480|
|Restricted funds||||||
|Hope For Latvia|||20,914||20,914|
|TOTAL FUNDS|||491,504|(468,110)|23,394|
|Comparatives|for movement|in funds||||
|||||Net||
|||||movement|At|
||||At 1.1.20|in funds|31.12.20|
|Unrestricted|funds|||||
|General fund|||76,919|16,539|93,458|
|TOTAL FUNDS|||76,919|16,539|93,458|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||420,068|(403,529)|16,539|
|TOTAL FUNDS||420,068|(403,529)|16,539|
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.20|in funds|31.12.21|
|Unrestricted
funds||||
|General fund|76,919|19,019|95,938|
|Restricted funds||||
|Hope For Latvia||20,914|20,914|
|TOTAL FUNDS|76,919|39933|116,852|
##
##
##
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds
I|
|Unrestricted
funds||||
|General fund|890,658|(871,639)|19,019|
|Restricted funds||||
|Hope For Latvia|20,914||20,914|
|TOTAL FUNDS|911,572|(871,639)|39,933|
##
||The company|has an overdrafl|has an overdrafl|has an overdrafl|facility of817,500. Mr BTRawls|facility of817,500. Mr BTRawls|has provided|a personal
guarantee|in respect|of|
|---|---|---|---|---|---|---|---|---|---|---|
||this amount.||||||||||
|20.|RECONCILIATION||OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES||||||||
|||||||||31.12.21|31.12.20||
||Net income for the reporting||||period (asper the Statement|ofFinancial|||||
||Activities)|||||||23,394|16,539||
||Adjustments|for:|||||||||
||Depreciation|charges||||||18,056|15,743||
||Interest paid|||||||601|625||
||Decrease in stocks|||||||4|42||
||Decrease in debtors|||||||3,277|5,700||
||Increase/(decrease)
in creditors|||||||867|(13,182)||
||Net cash provided
by||operations|||||46,199|25,467||
|21**.**|ANALYSIS|OF CHANGES|||IN NET FUNDS||||||
||||||||At 1.1.21|Cash flow|At 31.12.21||
||||||||8||||
||Net cash||||||||||
||Cash at bank|and in hand|||||72,006|26,071|98,077||
||||||||72,006|26,071|98,077||
||Debt||||||||||
||Debts falling|due within||1year|||(4,724)|(5,276)|(10,000)||
||Debts falling|due afler|1|year|||(45,277)|10,277|(35,000)||
||||||||(50,001)|5,001|(45,000)||
##
|||Detailed Statement ofFinancial Activities|||
|---|---|---|---|---|
|||for the Year Ended 31December 2021|||
||||31.12.21|31.12.20|
|INCOME AND ENDOWMENTS|||||
|Donations
and|legacies||||
|Donations|||296,299|270,616|
|Gift aid|||50,568|55,380|
||||346,867|325,996|
|Other trading|activities||||
|Lettings income|||71,304|38,967|
|Beverage sales|||5,259|4,405|
|Catering events|||3,775|4,144|
||||80,338|47,516|
|Other income|||||
|Government
grants|||64,299|46,556|
|Totalincoming|resources||491,504|420,068|
|EXPENDITURE|||||
|Other trading|activities||||
|Opening stock|||171|213|
|Purchases|||7,208|4,411|
|Bad debts||||1,600|
|Closing stock|||(167)|(171)|
||||7,212|6,053|
|Charitable
activities|||||
|Wages|||131,995|134,978|
|Social security|||6,803|6,583|
|Pensions|||7,461|5,665|
|Hire ofplant and machinery|||20,485|16,750|
|Rent|||126,349|78,092|
|Rates and water|||2,605|3,662|
|Insurance|||6,339|5,645|
|Light and heat|||18,290|17,984|
|Telephone|||3,253|6,394|
|Postage and stationery|||537|832|
|Advertising|||3,134|2,757|
|Sundry expenses|||521|533|
|Licences and subscriptions|||4,458|5,196|
|Equipment
and|resources||8,994|10,740|
|Gills and donations|||9,982|13,242|
|Accountancy|||8,440|8,400|
|Bank charges|||666|3,488|
|Client hospitality|||1,896|458|
|Carried forward|||362,208|321,399|
##
||for the Year Ended|31December 2021||
|---|---|---|---|
|||31.12.21|31.12.20|
|Charitable
activities||||
|Brought forward||362,208|321,399|
|Travelling||32,024|16,129|
|Legal and professional|fees|6,544|9,170|
|Events and guest speakers||7,210|6,916|
|Repairs and renewals||20,143|22,086|
|Cleaning||8,062|5,408|
|Disallowed
input VAT||6,050||
|Short leasehold||6,355|6,355|
|Improvements
to property||304|304|
|Fixtures and fittings||6,210|7,451|
|Motor vehicles||36|48|
|Computer
equipment||5,151|1,585|
|||460,297|396,851|
|Support costs||||
|Finance||||
|Bank loan interest||601|625|
|Total resources expended||468,110|403,529|
|Net income||23,394|16,539|