| Pages | |
|---|---|
| Legal and Administrative Information | 2 |
| Foreword by Lord Sainsbury | 3 |
| Introduction by Bronwen Maddox | 5 |
| Governors’ Annual Report | 6 to 14 |
| Independent Auditor’s Report | 15 to 17 |
| Consolidated Statement of Financial Activities | 18 |
| Charity and Group Balance Sheet | 19 |
| Consolidated Statement of Cash Flows | 20 |
| Notes to the Accounts | 21 to 33 |
Date: 26th October 2022
| Unrestricted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| Notes | General Fund | Designated | Restricted | 2022 | 2021 | ||
| Income from: | £ | Funds £ |
Funds | £ | Total Funds £ |
Total Funds £ |
|
| Charitable activities | 4 | 5,355,103 | - | - | 5,355,103 | 5,367,974 | |
| Othertrading activities | 5 | 300 | - | - | 300 | ||
| Investments | 302 | - | - | 302 | 645 | ||
| Other | 6 | 43,712 | - | - | 43,712 | 88,333 | |
| Total | 5,399,417 | - | - | 5,399,417 | 5,456,952 | ||
| Expenditure on: | |||||||
| Raising funds | 660 | - | - | 660 | 1,646 | ||
| Charitable activities | 7 | 4,850,195 | 56,091 | - | 4,906,286 | 4,628,765 | |
| Total | 4,850,855 | 56,091 | - | 4,906,946 | 4,630,411 | ||
| Net income/(expenditure) | 548,562 | (56,091) | - | 492,471 | 826,541 | ||
| Transfers between funds | 18 | (104,719) | 104,719 | - | - | - | |
| Net Movement in funds | 443,843 | 46,628 | - | 492,471 | 826,541 | ||
| Reconciliation of funds: | |||||||
| Total funds brought | 2,093,955 | 900,053 | - | 2,994,008 | 2,167,467 | ||
| forward | |||||||
| Total funds carried | 2,537,798 | 948,681 | - | 3,486,479 | 2,994,008 | ||
| forward |
| Notes | Group | Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||||
| Fixed Assets | £ | £ | £ | £ | |||||
| Tangible fixed assets Intangible fixed assets Investments |
12 13 14 |
75941 52,740 - |
80,053 - - |
75,941 52,740 100 |
80,053 - 100 |
||||
| CurrentAssets | 128,681 | 80,053 | 128,781 | 80,153 | |||||
| Debtors Cash at bank |
15 | 447,503 3,549,805 |
424,819 2,987,856 |
538,351 3,460,883 |
515,717 2,898,524 |
||||
| Current Liabilities | 3,997,308 | 3,412,675 | 3,999,234 | 3,414,241 | |||||
| Creditors: amounts |
falling | due | |||||||
| within one year | 16 | 639,510 | 498,720 | 639,530 | 498,740 | ||||
| Net CurrentAssets | 3,357,798 | 2,913,955 | 3,359,704 | 2,915,501 | |||||
| Total assets |
less | current | 3,486,479 | 2,994,008 | 3,488,485 | 2,995,654 | |||
| liabilities | |||||||||
| Total NetAssets | 3,486,479 | 2,994,008 | 3,488,485 | 2,995,654 | |||||
| The funds ofthe | charity: | 19 | |||||||
| Unrestricted Funds | |||||||||
| General Fund | 2,537,798 | 2,093,955 | 2,539,804 | 2,095,601 | |||||
| Designated Funds | 948,681 | 900,053 | 948,681 | 900,053 | |||||
| 3,486,479 | 2,994,008 | 3,488,485 | 2,995,654 |
| Group | ||
|---|---|---|
| 2022 | 2021 | |
| Cash flows from operating activities: | £ | £ |
| Net cash provided by/fused in) operating activities | 666,366 | 923,427 |
| Cash flows from investing activities: | ||
| Interest income | 302 | 645 |
| Purchase oftangible fixed assets | (104,719) | (52,417) |
| Net Cash used in investing activities | (104,417) | (51,772) |
| Change in cash and cash equivalents in the reporting period | 561,949 | 871,655 |
| Cash and cash equivalents atthe beginning ofthe reporting period | 2,987,856 | 2,116,201 |
| Total cash and cash equivalents at the end ofthe reporting period | 3,549,805 | 2,987,856 |
| Group | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Net income/(expenditure) forthe reporting period | 492,471 | 826,541 |
| Adjustments for: | ||
| Depreciation charge | 56,091 | 48,614 |
| Interest income (Increase)/Decrease in debtors |
(302) (22,684) |
(645) 11,501 |
| Increase/fDecrease) in creditors | 140,790 | 37,416 |
| Net cash provided by operating activities | 666,366 | 923,427 |
| stimated useful economic lives on a straigh | t-line basis as follows: |
|---|---|
| Assetcategory | Annual rate |
| Long leasehold building/improvements | Based on term of lease/estimated lease extension |
| Office equipment | 33% |
| Furniture & fittings | 20% |
| subsidiary which undertakes commercial activities including summary financial performance ofthe charity alone is: |
room hire on behalf o | f the charity |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Income | 5,399,117 | 5,456,952 |
| Gift aid from subsidiary company | - | |
| - | ||
| 5,399,117 | 5,456,952 | |
| Expenditure on raising funds and charitable activities | 4,906,286 | 4,628,765 |
| Net Income | 492,831 | 828,187 |
| Total funds brought forward | 2,995,654 | 2,167,467 |
| Total funds carried forward | 3,488,485 | 2,995,654 |
| Represented by: | ||
| Designated unrestricted income funds | 948,681 | 900,053 |
| General unrestricted income funds | 2,539,804 | 2,095,601 |
| 3,488,485 | 2,995,654 |
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Grant from Gatsby Charitable Foundation Project and event sponsorship income Learning and development courses Other income from charitable activities |
4,613,111 575,159 166,522 311 |
4,677,643 506,726 178,606 4,999 |
| 5,355,103 | 5,367,974 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Turnover | 300 | |
| Cost ofsales and administrative costs | (660) | (1,646) |
| Net profit | (360) | |
| (1,646) | ||
| Retained earnings brought forward | (1,646) | - |
| Amount gift aided to the charity | ||
| Retained earnings carried forward | (2,006) | (1,646) |
| egmented. The expenditure on our charitable work is an | alysed below. |
|
|---|---|---|
| 2022 | 2021 | |
| Staff salaries and other staff related costs Premises and other building related costs Events and StaffCatering Transcription and other research costs Office supplies IT costs Depreciation Finance costs including bank charges Website and media costs Irrecoverable VAT Governance costs Support costs |
£ 3,257,467 675,950 145,187 15,830 6,520 83,213 56,091 1,768 158,697 84,575 44,282 376,706 |
£ 3,112,134 625,172 89,976 8,554 4,759 69,746 48,614 1,971 137,710 117,379 49,500 364,250 |
| Total | 4,906,286 | 4,628,765 |
| General | Governance | Total | 2022 | Basis ofcalculation | ||
|---|---|---|---|---|---|---|
| support | £ | £ | £ | |||
| £ | ||||||
| Staffcosts | 281,411 | 19,456 | 300,867 | 292,202 | Support function staff | |
| time spent on support | ||||||
| function activities | ||||||
| Building costs | 92,175 | 92,175 | 85,251 | Supportfunction staffas | ||
| proportion of FTE staff | ||||||
| Audit and | ||||||
| accountancy | fees: | |||||
| Audit | 17,596 | 17,596 | 16,300 | Governance | ||
| Tax advisory | 7,230 | 7,230 | 12,944 | Governance | ||
| Legal and | 3,120 | 3,120 | 6,053 | Governance | ||
| professional | fees | |||||
| Total | 376,706 | 44,282 | 420,988 | 412,750 |
| NALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION EY MANAGEMENT PERSONNEL |
AND EXPENSES AND THE C | OST OF |
|---|---|---|
| The aggregate payroll costs were as follows: | 2022 | 2021 |
| £ | £ | |
| Salaries and wages Social security costs Pension costs Other costs |
2,662,696 277,541 371,473 7,859 |
2,532,365 277,037 354,618 6,519 |
| 3,319,569 | 3,170,539 |
| the year there were no redundancy ortermination payments (2021: £nil). | ||
|---|---|---|
| The number ofstaffwith emoluments greaterthan £60,000 was: | ||
| 2022 | 2021 | |
| £60,000-69,999 | 5 | 3 |
| £70,000-f79,999 | 1 | 2 |
| £80,000-89,999 | 2 | 2 |
| £90,000-99,999 | 2 | 2 |
| £120,000-129,999 | 0 | 1 |
| £130,000-139,999 | 1 | 0 |
| £240,000-249,999 £280,000289,999* |
0 1 |
1 0 |
he period, analysed by category, was as follows: |
p | |
|---|---|---|
| 2022 | 2021 | |
| No. | No. | |
| Research, Learning and Development | 35 | 34 |
| Office, management and services | 16 | 16 |
| 51 | 50 |
| 12. TANGIBLE FIXED ASSETS |
Group and | Charity | |||
| £ | £ | £ | £ | ||
| Cost | Leasehold | Office | Furniture | & | Total |
| Improvements | Equipment | Fillings | |||
| Balance brought forward 1 April 2021 Additions Transfer to Intangible Assets Disposals |
2,857,211 - - - |
731,510 44,074 (5,100) (144,623) |
412,506 13,005 - - |
4,001,227 57,079 (5,100) (144,623) |
|
| Balance carried forward at 31 March 2022 | 2.857.211 | 625.861 | 425.511 | 3.908.583 | |
| Depreciation | |||||
| Balance brought forward at 1 April 2021 Charge forthe period |
2,857,211 | 665,364 45,353 |
398,599 10,738 |
3,921,174 56,091 |
|
| Disposals | (144,623) | (144,623) | |||
| Balance carried forward 31 March 2022 | 2,857,21 1 | 566,094 | 409,337 | 3,832,642 | |
| Net book value at 31 March 2022 | 0 | 59,767 | 16,174 | 75,941 | |
| Net book value at 1 April 2021 | 0 | 66,146 | 13,907 | 80.053 | |
| 13. INTANGIBLE FIXED ASSETS |
|||||
| £ | £ | £ | |||
| Assets under | Intangible | Total | |||
| Cost | Construction | Assets | |||
| Transfer from Tangible Assets 1 April 2021 | 5,100 | 5,100 | |||
| Additions | 47,640 | 47,640 | |||
| Disposals | |||||
| Balance carried forward at 31 March 2022 | 52,740 | - | 52,740 | ||
| Amortisation | |||||
| Balance brought forward at 1 April 2021 | |||||
| Charge for the period | |||||
| Disposals | |||||
| Balance carried forward 31 March 2022 | 52,740 | - | 52,740 | ||
| Net book value at 31 March 2022 | 52,740 | 0 | 52,740 | ||
| Net book value at 1 April 2021 | 5,100 | 0 | 5,100 |
| Charity | |
|---|---|
| 2022 | 2021 |
| 100 £ |
£ 100 |
| 15. | DEBTORS | Group | Charity | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Trade Other |
debtors debtors |
202,947 3,928 |
- 212,655 |
3,928 202,947 |
212,655 |
| Amounts owed by subsidiary | - | 90,848 | 90,898 | ||
| Prepayments and accrued income | 240.628 | 212,164 | 240.628 | 212,164 | |
| 447,503 | 424,819 | 538,351 | 515,717 |
| Group | Charity | |||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Trade creditors | 156,809 | 91,765 | 156,809 | 91,765 |
| Accruals and deferred income | 382,025 | 320,589 | 382,025 | 320,589 |
| VAT | 416 | 5,127 | 436 | 5,147 |
| Othertaxation and social security | 89,980 | 78,517 | 89,980 | 78,517 |
| Other creditors | 10,280 | 2,722 | 10,280 | 2,722 |
| 639,510 | 498,720 | 639,530 | 498,740 |
| 17. DEFERRED INCOME |
||||
|---|---|---|---|---|
| Group | Charity | |||
| 2022 | 2021 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Deferred income at 1 April 2021 Resources deferred during the year Amounts released from previous periods |
162,148 108,880 (156,740) |
114,760 140,790 (93,402) |
162,148 108,880 (156,740) |
114,760 140,790 (93,402) |
| 114,288 | 162,148 | 114,288 | 162,148 |
| Analysis ofmovements | in unrestricted a | nd restricted fu | nds 2021-22 | nds 2021-22 | ||
|---|---|---|---|---|---|---|
| Balance | Income | Expenditure | Transfers | Balance | ||
| 1 April 2021 | 31 March 2022 | |||||
| Unrestricted Income | £ | £ | £ | £ | £ | |
| Funds | ||||||
| General funds | 2,093955 | 5,399,417 | (4,850,855) | (104,719) | 2,537,798 | |
| Designated Funds | ||||||
| Fixed asset fund Property relocation fund |
80,053 620,000 |
- | (56,091) | 104,719 | 128,681 620,000 |
|
| Capital and maintenance fund |
200,000 | 200,000 | ||||
| Restricted Funds | ||||||
| TOTAL FUNDS | 2,994,008 | 5,399,417 | (4,906,946) | - | 3,486,479 | |
| Analysis of movements in unrestricted and restricted funds 2020-21 | ||||||
| Balance | Income | Expenditure | Transfers | Balance | ||
| 1 April 2020 | 31 March 2021 | |||||
| £ | £ | £ | £ | £ | ||
| Unrestricted Income | ||||||
| Funds | ||||||
| General funds | 1,076,303 | 5,304,999 | (4,429,844) | 142,497 | 2,093,955 | |
| Designated Funds | ||||||
| Fixed asset fund | 76,250 | (48,614) | 52,417 | 80,053 | ||
| Property relocation fund |
614,914 | 5,086 | 620,000 | |||
| Capital and | 400,000 | (200,000) | 200,000 | |||
| maintenance fund | ||||||
| Restricted Funds | ||||||
| Charitable activities | ||||||
| with restricted funding- | 151,953 | (151,953) | ||||
| Transport & Energy | ||||||
| Policy-making | ||||||
| TOTAL FUNDS | 2,167,467 | 5,456,952 | (4,630,411) | - | 2,994,008 |
| 19. ANALYSIS OF GROUP NET AS |
SETS BETWEEN FUNDS | SETS BETWEEN FUNDS | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Group | ||
| funds | funds | total | ||
| General | Designated | funds | ||
| Fund balances at 31 March 2022 | £ | £ | £ | £ |
| are represented by: | ||||
| Tangible fixed assets | 128,681 | - | 128,681 | |
| Current assets | 3,177,308 | 820,000 | - | 3,997,308 |
| Current liabilities | (639,510) | - | (639,510) | |
| 2,537,798 | 948,681 | - | 3,486,479 | |
| Unrestricted | Restricted | Group | ||
| funds | funds | total | ||
| General | Designated | funds | ||
| Fund balances at 31 March 2021 | £ | £ | £ | £ |
| are represented by: | ||||
| - | 80,053 | - | 80,053 | |
| Tangible fixed assets | ||||
| 2,592,675 | 820,000 | - | 3,412,675 | |
| Current assets | ||||
| (498,720) | - | (498,720) | ||
| Current liabilities | ||||
| 2,093,955 | 900,053 | - | 2,994,008 |
| Group | Charity | |||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Operating lease commitments due: | ||||
| Not laterthan one year Later than one year and not laterthan five years |
485,000 5,315 |
487,240 490,395 |
485,000 5,315 |
487,240 490,395 |
| 22. COMPARATIVE CO |
NSOLID | ATED STATEMENT OF FINAN | ATED STATEMENT OF FINAN | CIAL ACTIVIT | IES 2021 | |
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| Notes | General Fund | Designated | Restricted | 2021 | 2020 | |
| Income from: | £ | Funds £ |
Funds £ |
Total Funds £ |
Total Funds £ |
|
| Charitable activities | 4 | 5,216,021 | 151,953 | 5,367,974 | 5,001,685 | |
| Othertrading activities | 5 | - | 100,822 | |||
| Investments | 645 | - | 645 | 645 | ||
| Other | 6 | 88,333 | - | - | 88,333 | 134,865 |
| Total | 5,304,999 | - | 151,953 | 5,456,952 | 5,238,017 | |
| Expenditure on: | ||||||
| Raising funds | 1,646 | - | - | 1,646 | 58,840 | |
| Charitable activities | 7 | 4,428,198 | 48,614 | 151,953 | 4,628,765 | 4,516,566 |
| Total | 4,429,844 | 48,614 | 151,953 | 4,630,411 | 4,575,406 | |
| Net incomel(expenditure) | 875,155 | (48,614) | - | 826,541 | 662,611 | |
| Transfers between funds | 17 | 142,497 | (142,497) | - | - | |
| Net Movement in funds | 1,017,652 | (191,111) | - | 826,541 | 662,611 | |
| Reconciliation offunds: | ||||||
| Total funds brought forward |
1,076,303 | 1,091,164 | 2,167,467 | 1,504,856 | ||
| Total funds carried forward |
2,093,955 | 900,053 | 2,994,008 | 2,167,467 |