|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|||| |---|---|---|---|---| |||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.|| ||Expenditure
funds|on raising|These comprise the costs associated with attracting
voluntary
income,
fundraising
trading costs and investment
management
costs.|| ||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| ||||governance
costs,|| ||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|| |,|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|||| |---|---|---|---| |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|