| Trustees' Annual |
Report | Pages | ||
|---|---|---|---|---|
| Independent Examiner's |
Report | 2to3 | ||
| Statement ofFinancial Activities | 4to4 | |||
| Summa' Income |
and Expenditure | Account | 5to5 | |
| Balance Sheet | 6to6 | |||
| Statement ofCash | flows | 7to 7 | ||
| Notes to the Accounts | 8to8 | |||
| Detailed Statement | ofFinancial Activities | 9to14 | ||
| 15to16 |
| Unrestricted | ||||||||
|---|---|---|---|---|---|---|---|---|
| funds | Total funds | Total funds | ||||||
| Notes | 2020 | 2020 | 2019 | |||||
| E | E | E | ||||||
| IncIune and | endowments | from; | ||||||
| Grants, Donations and legacies Investments |
4 5 |
43,038 'l00 |
43,039 100 |
47,789 352 |
||||
| Total | ||||||||
| 43,139 | 43,139 | 48,140 | ||||||
| Expenditure | on: | |||||||
| Charitable | activities | |||||||
| Other | 7,354 | 7,354 | 13,620 | |||||
| Total | 22,407 | 22,407 | 20,259 | |||||
| Net ~sins on | investments | 29,761 | 29,761 | 33,879 | ||||
| Net income | ||||||||
| fers between Trans |
funds | 13,378 | 13,378 | 14,261 | ||||
| Net) ncorne before other |
||||||||
| gai tuII(hssses) |
13,378 | 13,378 | 14,261 | |||||
| Other gains and fossa» | ||||||||
| Net movement | in funds | |||||||
| Recoftciltation | offunds: | 13,378 | 13,378 | 14,261 | ||||
| Total Ifunds brought | forward | |||||||
| Total ifunds carried | forward | 30,430 | 30,430 | 16,169 | ||||
| 43,808 | 43,808 | 30,430 |
| 2020 | 2019 | ||
|---|---|---|---|
| E | 2 | ||
| Income | |||
| 43,039 | 47,788 | ||
| interest and investment | income | ||
| Gsoss income for the year Expenditure |
100 43,139 |
352 48,140 |
|
| 24,796 | 29457 | ||
| Dqpreciation and charges |
for | ||
| impairment offixed assets |
|||
| Total expenditure for the Net income before tax for Net income for the year |
year the year |
4,965 29,761 13,378 13,378 |
4,422 33,879 14,261 14,281 |
| Cdmpany No. 06667600 |
Cdmpany No. 06667600 |
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|---|---|---|---|---|
| Notes | 2020 | 2019 | ||
| Fitted assets | 6 | |||
| Intangible assets Tangible assets |
10 | 3,507 | ||
| 11 | 1,842 | 3,300 | ||
| Cutrent assets | 1.842 | 6,807 | ||
| ,Cash at bank and inhand | ||||
| 42,816 | 24,073 | |||
| Cnugtors: Amount Net current assets |
falling due within one year | 12 | 42,816 (850) |
24,073 (450) |
| To/I assets less current liabilities | 41,966 | 23,623 | ||
| Net assets exduding To/I net assets |
pension asset or liability | 43,808 43,808 |
30,430 30,430 |
|
| 43,808 | 30,430 | |||
| The,funds ofthe charity | ||||
| Reslricted funds | ||||
| Unrtntrtcted funds |
13 | |||
| General funds | 13 | |||
| 43,808 | 30,430 | |||
| 43,808 | 30,430 | |||
| 13 | ||||
| Total funch | ||||
| 43,808 | 30,430 |
| 2020 | 2019 | ||
|---|---|---|---|
| f | |||
| Cash flows from operating activities |
|||
| Net income per Statement ofFinancial Activities | 13,378 | 14,261 | |
| Ad)ustments for: |
|||
| Depreciation ofproperty, plant and equipment Amortisation ofintangible assets Dividends, interest and rents from investments Increase/(Decrease) in trade and other payables |
1,458 3,507 (100) 400 |
912 3,510 (352) (600) |
|
| Net cash provided by operating activities |
18,643 | 17,731 | |
| Cath flows from investing activities |
|||
| Dividends, interest and rents from investments |
100 | 352 | |
| Net cash from investing activities |
100 | 352 | |
| Net cash from financing activities | |||
| Nel increase in cash and cash equivalents | 18,743 | 18,083 | |
| Cacti and cash equivalents at the beginning |
ofthe year | 24,073 | 5,991 |
| Costi and cash equivalents at the end ofthe |
year | 42,816 | 24,074 |
| Components ofcash and cash equivalents |
|||
| Cash and bank balances | |||
| 42,8'I6 | 24,073 | ||
| 42,818 | 24,073 |
| The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement ofRecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)(effective 1 January 2015) —(charities soRP (FRs 102)),the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102)and the Companies Act 2006. |
|---|
| Change in basis ofaccounting orto previous accounts |
| There has been no change to the accounting policies (valuation rules and method ofaccounting) since last year and no changes have been made to accounts for previous years. |
| Fund accounting |
| Unrestricted funds Designated funds Revaluation funds Restricted funds These are available for use at the discretion ofthe trustees in furtherance ofthe general objects ofthe charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement ofinvestment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms ofan appeal. |
| Income |
| Recognition of income Income is included in the Statement ofFinancial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount ofthe income can be measured with sufficient reliability. |
| Income with related expenditure Where income has related expenditure the income and related expenditure is reported gross in the SoFA. |
| Donations and i legacies Voluntary income received by way ofgrants, donations and gifts is included in the the SoFA when receivable and only when the Chaiity has unconditional entitlement to the income. |
| Tax reclaims on donations and gifts Donated services and facilities Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates. These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. |
| Volunteer help llnvestment income iGains/(losses) on revaluation offixed assets The value ofany volunteer help received is not included in the accounts, This is included in the accounts when receivable. This includes any gain or loss resulting from revaluing investments to market value at the end ofthe year, |
| Gains/(losses) on investment assets This includes any gain or loss on the sale ofinvestments. |
| Expenditure | ||||
|---|---|---|---|---|
| Recognition expenditure |
of | Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part ofthe expenditure to |
||
| which it relates. |
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| Expenditure funds |
on raising | These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. |
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| Expenditure on charitable activities |
These compdise the costs incurred by the Charity in the delivery ofits and services in the furtherance of itsobjects, including the making of |
activities grants and |
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| governance costs, |
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| Grants payable | All grant expenditure is accounted for on an actual paid basis plus an |
accrual for | ||
| grants that have been approved by the trustees at the end ofthe year but not |
||||
| yet paid, | ||||
| Governance | costs | These include those costs associated with meeting the constitutional | and | |
| statutory requirements ofthe Charity, including any audit/independent |
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| , | Other expenditure | examination fees, costs linked to the strategic management ofthe Charity, together with ashare ofother administration costs, These are support costs not allocated to a particular activity. |
| 3 Stateme |
nt of | Fina | ncia | l ActiviUes -prior year | ||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Totalfunds | |||||
| 2019 | 2019 | |||||
| lqcome and | endowments | from: | ||||
| Gran', Donations | and | legacies | ||||
| Investments | 47,788 | 47,788 | ||||
| Total | 352 | 352 | ||||
| fsipenditure | on: | 48,140 | 48,140 | |||
| Charitable | activities | |||||
| Other | 2,280 | 2,280 | ||||
| Total | 31,599 | 31,599 | ||||
| SbIt income | 33,879 | 33,879 | ||||
| Net income before | other | 14,261 | 14,26'! | |||
| gains/(losses) | 14,261 | 14,261 | ||||
| Other gains and losses: | ||||||
| movement | in funds | |||||
| R lotion |
offunds: | 14,261 | 14,261 | |||
| Total funds brought | forward | |||||
| Total funds carried | forward | 16,169 | 16,169 | |||
| 30,430 | 30,430 |
| Unresbtcted | Total | Total |
|---|---|---|
| f | 2020 f |
2019 f |
| 43,039 | 43,039 | 47,788 |
| 43,039 | 43,039 | 47,788 |
| Unrestricted | Total | Total |
| 2020 | 201$ | |
| f | f | f |
| 100 | 100 | 352 |
| 100 | 100 | 352 |
| tsiercy Foundation Centre Notes to the Accounts |
tsiercy Foundation Centre Notes to the Accounts |
||||||
|---|---|---|---|---|---|---|---|
| 6 Expenditure on charitable |
activities | ||||||
| Unrestricted | Total | Total | |||||
| 2020 | 2019 | ||||||
| Expenditure on charitable |
6 | K | |||||
| acti vities | |||||||
| Governance costs |
5,175 | 5.175 | 11,340 | ||||
| 2,179 | 2,179 | 2,280 | |||||
| 7,354 | 7,354 | 13,620 | |||||
| 7 | i Other expenditure | ||||||
| Unrestricted | Total | Total | |||||
| 2020 | 2019 | ||||||
| E | f | ||||||
| , Employee costs | |||||||
| Premises costs Amortisation, depreciation, |
909 ]0,130 |
909 10,130 |
624 11,000 |
||||
| impairment, profit/loss on disposal offixed assets |
4,965 | 4,965 | 4,422 | ||||
| General administrative costs Legal and professional costs |
3,701 2,702 |
3,70'] 2,702 |
3,913 300 |
||||
| 8 | lllet income before transfers | 22,407 | 22,407 | 20,259 | |||
| 9 | This is stated after charging: Depreciation ofowned fixed assets Amortisation ofintangible fixed assets gaff costs |
2020 f 1,458 3,507 |
2019 912 3,510 |
||||
| tto employee received emoluments |
in excess of860,000. |
| Other | Total | ||
|---|---|---|---|
| Cost | |||
| At 1 August 2019 | |||
| At 31July 2020 | 35,095 | 35,095 | |
| 35,095 | 35,095 | ||
| Amortisation and impairment |
|||
| At 1 August 2019 | |||
| 'Rmortisation charge for the |
31,588 | 31,588 | |
| year | 3,507 | 3,507 | |
| At 31 July 2020 | |||
| 'ffet book values | 35,095 | 35,095 | |
| lAt 31July 2020 | |||
| At 31July 2019 | |||
| 3,507 | 3,507 | ||
| 11 ifangible fixed assets | |||
| Cost or revaluation | |||
| At 1August 2019 | |||
| At 31July 2020 | 14,589 | '!4,589 | |
| 14,589 | 14,589 | ||
| ttepreciation and impairment |
|||
| At 1 August 2019 | |||
| 0epreciation charge for the |
11,289 | 'l1,289 | |
| year At3'I July2020 |
1,458 | 1,458 | |
| Stet book vtdues | 12,747 | 12,747 | |
| A't 31 July 2020 | |||
| At 31 July 2019 | 1,842 | 1.842 | |
| 12 Creditonn | 3,300 | 3,300 | |
| ainounts falling due within one year |
|||
| 2020 | 2019 | ||
| Accruals and deferred income | 850 | 450 | |
| 860 | 450 |
| Incoming | |||||
|---|---|---|---|---|---|
| resources | |||||
| At 1 | (including other |
Resources expended |
At 31July 2020 |
||
| August | gains/tosses | ||||
| 2010 | ) | ||||
| Restricted funds: | f | ||||
| Unrestricted | funds: | ||||
| Qeneral funds Revaluation Reserves: |
30,430 | 43,139 | (29,761) | 43,806 | |
| Total funds | |||||
| 14 Analysis ofnet assets between funds | 30,430 | 43,139 | (29,761) | 43,808 | |
| Unrestricted | |||||
| funds | Total | ||||
| Fixed assets | f | ||||
| Net current assets | 1,842 | 1,842 | |||
| 41,966 | 41,966 | ||||
| 15 Reconciliation | ofnet debt | 43,808 | 43,808 | ||
| Gash and cash | equivalents | At 'l August 2010 f |
Cash flows f |
At 31July 2020 f |
|
| 24,073 | 18,743 | 42,816 | |||
| 24,073 | 18,743 | 42,816 | |||
| Net debt | |||||
| 6 | 24,073 | 18,743 | 42,816 |
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | Total funds | Total funds | ||||
| 2020 | 2020 | 2019 | ||||
| 2 | ||||||
| Income and endowments | from: | |||||
| Grants, Donations and | legacies | |||||
| 43,039 | 43.039 | 47,788 | ||||
| 43,039 | 43,039 | 47,788 | ||||
| Investments | ||||||
| 100 | 100 | 352 | ||||
| 100 | 100 | 352 | ||||
| TOtal income and endowments E~nditure on: |
43,139 | 43,139 | 48,140 | |||
| CI1aritable activities | ||||||
| 5,175 | 5,175 | 11,340 | ||||
| 5,175 | 5,175 | 11,340 | ||||
| Gdvernance costs |
||||||
| 2,179 | 2,179 | 2.280 | ||||
| Total ofexpenditure | on | charitable | 2,179 | 2,179 | 2,280 | |
| acIIvlbes | 7,354 | 7,354 | 13,620 | |||
| Einployee costs | ||||||
| Office Supplies | 909 | 909 | 624 | |||
| Premises costs | 909 | 909 | 624 | |||
| Itent | ||||||
| Light, heat and power | 9,074 1,056 |
9,074 'I,056 |
9,799 1,201 |
|||
| G)neral administrative | costs, | 10,130 | 10,130 | 11,000 | ||
| intluding depreciation |
and | |||||
| amortisation | ||||||
| Aoaortisation | ||||||
| Depreciation of Equipment repairs and |
3,507 1,458 |
3,507 1,458 |
3,510 9']2 |
|||
| maintenance | 1,828 | 1,828 | 1,507 | |||
| General insurances | ||||||
| Irlformation and publications Pbstage and couriers Sbndry expenses |
404 120 174 |
404 120 174 |
392 275 184 |
|||
| Telephone, fax and broadband |
1,175 | 1,175 | 375 1,180 |
|||
| Legal and professional | costs | 8,666 | 8,666 | 8,335 | ||
| Atcountancy and bookkeepirlg |
471 | 471 | 300 |
| Percy Foundation Centre Dftaited 8tatemant ofFinancial Activities |
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|---|---|---|---|
| Consultancy fees |
|||
| 2,231 | 2,231 | ||
| Total ofexpenditure ofother costs |
2,702 | 2,702 | 300 |
| Total expenditure | 22,407 | 22,407 | 20,259 |
| hlet gains on investments | 29,761 | 29,761 | 33,879 |
| Nttt income | 13,378 | 13,378 | 14,261 |
| Net income before other | |||
| ga ns/(tones) Other Gains |
13,378 | 13,378 | 14,261 |
| Net movement in funds |
|||
| 13,378 | 13,378 | 14,261 | |
| Resonciliation offunds: |
|||
| Total funds brought forward |
|||
| Tottl funds cerned forwanl | 30,430 | 30,430 | 16,169 |
| 43,808 | 43,808 | 30,430 |