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|Trustees'
annual
report||(incorporating||the|directors'|report)|||
|Independent
examiner's||report to the||trustees|||||
|Statement
offinancial|activities||(including||income and expenditure||account)|10|
|Balance sheet|||||||||
|Notes to the financial|statements|||||||12|
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|||||2020||2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||funds|funds|Total funds|Total funds|
|||Note||6|6|F|
|Income|||||||
|Donations
and legacies||5|42,697|39,453|82,150|40,054|
|Other trading activities||6|41,537|10,974|52,511|68,080|
|Investment
income||7|3,014||3,014|3,781|
|Other income||8|287||287|3,027|
|Total income|||87,535|50,427|137,962|114,942|
|Expenditure|||||||
|Raising funds|||||||
|Costs of raising donations||and legacies|3,963||3,963|3,208|
|Charitable
activities||9|70,181|31,677|101,858|175,045|
|Other expenditure|||2,292||2,292|2,672|
|Total expenditure|||76,436|31,677|108,113|180,925|
|Net income/(expenditure)|and|net|||||
|movements
in funds before gains and|||||||
|losses on investments|||11,099|18,750|29,849|(65,983)|
|Net gains on investments|||6,843||6,843|27,130|
|Net income/(expenditure)|and|net|||||
|movement
in funds|||17,942|18,750|36,692|(38,853)|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||155,659|44,853|200,512|239,365|
|Total funds carried forward|||173,601|63,603|237,204|200,512|
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|||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|
||||||Note|6||||
|Fixed assets||||||||||
|Investments|||||12||128,098||154,011|
|Current assets||||||||||
|Debtors|||||13|12,466||10,394||
|Cash at bank||and in|hand|||129,496||43,248||
|||||||141,962||53,642||
|Creditors: Amounts|||falling due within|||||||
|one year|||||14|(32,856)||(7,141)||
|Net current assets|||||||109,106||46,501|
|Total assets||less current||liabilities|||237,204||200,512|
|Net assets|||||||237,204||200,512|
|Funds ofthe||charity||||||||
|Restricted funds|||||||63,603||44,853|
|Unrestricted|funds||||||173,601||155,659|
|Total charity||funds|||16||237,204||200,512|
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|5.|Donations|and le|gacies||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2020|
|||||6|F|6|
||Donations||||||
||Donations|and gifts||28,862|25,000|53,862|
||Grants||||||
||Grants receivable for core activities|||5,000|14,453|19,453|
||Government|grant|income|8,835||8,835|
|||||42,697|39,453|82,150|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2019|
||||||6|f|
||Donations||||||
||Donations|and gifts||39,884|170|40,054|
||Grants||||||
||Grants receivable||for core activities||||
||Government|grant|income||||
|||||39,884|170|40,054|
|6.|Other trading activities||||||
|||||Unrestricted|Restricted|Total Funds|
|||||Funds
f|Funds
f|2020
6|
||Fundraising|events||41,537||41,537|
||Lottery income||||10,974|10,974|
|||||41,537|10,974|52,511|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2019|
||||||F|6|
||Fundraising|events||56,000||56,000|
||Lottery income|||12,080||12,080|
|||||68,080||68,080|
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|Ye|ar ended 3|1 December 2020|||||
|---|---|---|---|---|---|---|
|7.|Investment|income|||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2020|Funds|2019|
||||r.|8|f|F|
||Income from|fixed asset investments|3,014|3,014|3,781|3,781|
|8.|Other income||||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds
f|2020
8|Funds
f|2019
8|
||Referral income||287|287|2,252|2,252|
||Rental income||||775|775|
||||287|287|3,027|3,027|
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|||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|Funds|2020|
|||||f||E|
|Wages, salaries|and pension||contributions|44,199|21,373|65,572|
|Events and course expenses||||5,086|2,459|7,545|
|Newsletter
and|information|sheets|||||
|Travel expenses|and subsistence|||68|33|101|
|Other grants||||1,224||1,224|
|Office expenses||||7,532|3,643|11,175|
|Rent and room|hire|||4,087|1,976|6,063|
|Insurance
and subscriptions||||416|201|617|
|Postage, stationery
and printing||||303|146|449|
|Bank charges||||682|330|1,012|
|ITexpenses||||2,267|1,097|3,364|
|Coagucheck
funding||||3,451||3,451|
|Independent
examiner costs||||866|419|1,285|
|||||70,181|31,677|101,858|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2019|
|||||E|f|E|
|Wages, salaries|and pension||contributions|94,483|4,754|99,237|
|Events and course expenses||||18,828|190|19,018|
|Newsletter
and|information|sheets||5,004||5,004|
|Travel expenses|and subsistence|||13,056||13,056|
|Other grants||||1,448||1,448|
|Office expenses||||5,858|399|6,257|
|Rent and room|hire|||14,691||14,691|
|Insurance
and subscriptions||||648||648|
|Postage, stationery
and printing||||5,187||5,187|
|Bank charges||||993||993|
|ITexpenses||||6,064||6,064|
|Coagucheck
funding||||1,859||1,859|
|Independent
examiner costs||||1,583||1,583|
|||||169,702|5,343|175,045|
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|The
Somerville
Foundation
is operated
on
a trustees
basis.
committee
or any person connected
with them has received or is
the year directly
of indirectly
from Charity
funds. Trustees
were
fNil (2019:fNil) during
the year.
Investments|No
members
of the
management
due to receive any remuneration
for
reimbursed
expenses
amounting
to|
|---|---|
||Listed|
||investments|
|Cost or valuation||
|At 1 January 2020|154,011|
|Additions|32,447|
|Disposals|(43,637)|
|Fair value movements|(14,723)|
|At 31 December 2020|128,098|
|Impairment||
|At 1January 2020 and 31 December 2020||
|Carrying
amount||
|At 31 December 2020|128,098|
|At 31 December 2019|154,011|
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|13.|The historical
Debtors|cos|t as|at the year end isf101,995(2019:2113,1|84).||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||9||
||Prepayments|and|accrued income||12,466|3,954|
||Other debtors|||||6,440|
||||||12,466|10,394|
|14.|Creditors: Amounts|||falling due within one year|||
||||||2020|2019|
||||||8||
||Trade creditors||||52||
||Accruals and|deferred||income|32,804|5,839|
||Social security|and other taxes||||1,302|
||||||32,856|7,141|
|15.|Deferred income||||||
||||||2020|2019|
||||||r.|6|
||Amount
deferred||in year||28,907||
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|||||||Expenditure|||
|---|---|---|---|---|---|---|---|---|
|||||||and|||
|||||||Investment|||
|||||1 Jan 2020
E|Income
F|movements
E|Transfers 31 Dec 2020
f
6||
|Restricted||funds|||||||
|Fellowship|fund|||44,853||||44,853|
|COVID hardship
fund|||||20,000|(5,000)||15,000|
|Somerville|hardship||fund||5,000|(1,250)||3,750|
|The National||Lottery|||||||
|community|fund||||25,427|(25,427)|||
|||||44,853|50,427|(31,677)||63,603|
|Designated||funds|||||||
|SShackman||legacy|fund|114,832||||114,832|
|Investment||reserve||40,827|||(14,724)|26,103|
|||||155,659|||(14,724)|140,935|
|Unrestricted||funds|||||||
|Unrestricted||income|||87,535|(69,593)|14,724|32,666|
|Total funds||||200,512|137,962|(101,270)||237,204|
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|Year ended|31 D|ece|mber 201|9||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Expenditure|||
||||||||and|||
||||||||Investment|||
|||||At|1 Jan 2019|Income|movements|Transfers 31Dec 2019||
||||||E|F|8|8|6|
|Restricted|funds|||||||||
|BDownie memorial|||fund||700|170|(870)|||
|Fellowship|fund||||44,853||||44,853|
|Utopia fund|||||3,973||(3,973)|||
|Echocardiogram||for|Jamaica||500||(500)|||
||||||50,026|170|(5,343)||44,853|
|Designated|funds|||||||||
|S Shackman
legacy|||fund||168,136||(1,573)|(51,731)|114,832|
|BBCRadio|4Appeal|||||14,981|(14,981)|||
|Investment|reserve||||21,203|||19,624|40,827|
||||||(189,339)|(14,981)|16,554|32,107|(155,659)|
|Unrestricted
funds||||||||||
|General
fund||||||99,791|(131,898)|32,107||
||||||239,365|114,942|(153,795)||200,512|
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|Year ended|31 December 2020||||
|---|---|---|---|---|
||||Net current||
|||Investments|assetsf|Total
6|
|Restricted|funds||63,603|63,603|
|Unrestricted|funds|128,098|45,503|173,601|
|||128,098|109,106|237,204|
|Year ended|31 December 2019||||
||||Net current||
|||Investmentsf|assets|Total
F|
|Restricted|funds||44,853|44,853|
|Unrestricted|funds|154,011|1,648|155,659|
|||154,011|46,501|200,512|
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|||||||||||2020|||2019|2019|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The carrying
amount offinancial||||||||||||||
||instruments
at 31 December were:||||||||||||||
||Financial assets measured|at amortised cost:|||||||||||||
||Cash at bank and in hand|||||||||129,045||43,248|||
||Financial assets measured|at fair value:|||||||||||||
||Investments|||||||||128,098|154,011||||
||Financial
liabilities
measured
at amortised|||cost:|||||||||||
||Trade creditors|||||||||52|||||
|20.|Operating
lease commitments||||||||||||||
||The total future
minimum|lease payments|under non-cancellable|||||operating||leases are as follows:|||||
|||||||||||2020
F||2019
f|||
||Not later than
1 year|||||||||7,900|||||
||Later than
1 year and not|later than 5years||||||||1,975|||||
|||||||||||9,875|||||
|21.|Contingent
liabilities||||||||||||||
||The charity has received|income from a firm ofsolicitors|||||in the|year for 5285(2019:E3,564)|||totalling|||a|
||running
balance of525,337.These monies|||relate|to unclaimed|||client balances where the legal|||||owner||
||could
not be traced. The|donated
monies||are covered|||by an|indemnity||requiring
the charity||to pay|||
||back the monies
should
the legal owner||be identified.|||The trustees|||are confident
that they||will not be||||
||required
to
repay
the
donations
and||therefore||no||liability|has|been|shown
in these|financial||||
||statements.||||||||||||||
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