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|||||||||PAGE|
|---|---|---|---|---|---|---|---|---|
|Trustees'|annual
report (incorporating|||the|director's|report)|||
|Independent
auditor's||report to|the members||||||
|Statement|of Rnancial|actvities|(including||income and expenditure||account)||
|Statement|of financial|position||||||12|
|Statement|ofcash flows|||||||13|
|Notes to|the financial|statements||||||14|
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|Reference|and administrative
d|and administrative
d|etails||||
|---|---|---|---|---|---|---|
|Registered|charity name||Alacrity
Foundation||||
|Charity registration||number|1140916||||
|Company|registration|number|07554557||||
|Principal office and registered|||Alacnty
House||||
|office|||Moderator Wharf||||
||||Kingsway||||
||||Newport||||
||||NP20 1HG||||
|The trustees|||Prof S3 Gibson CBE||||
||||Dr D E Evans-Williams||||
||||Prof H M Lappin-Scott||||
||||Ms M D Evans||||
|Company|secretary||Mr M Colcomb||||
|Auditor|||Kilsby 8i Williams|LLP|||
||||Chartered
accountants||it statutory|auditor|
||||Cedar House||||
||||Hazeg Drive||||
||||Newport||||
||||NP10 8FY||||
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|||||2022|2022|2021|
|---|---|---|---|---|---|---|
|||||unrestricted|||
|||||funds|Totalfunds|Total funds|
||||Nate|6|6|I|
|Income and endowments|||||||
|Donations
and legades||||1,593,687|1,593,687|1,115,833|
|Charitable
activities||||45,000|45,000|30,000|
|inveslment
Income||||20|20|24|
|Total income||||1,638,707|1,638,707|1,145,857|
|Expenditure|||||||
|Expenditure
on charitable|activities||8,9|(1,378,144)|(1,378,144)|(1,202,261)|
|Total expenditure||||(1,378,144)|(1,378,144)|(1,202,261)|
|Netlosses
on investments||||(180)|(180)|(53,097)|
|Net income/(expenditure)||and net movement|in funds|260,383|260,383|(109,501)|
|ReconciIiation offunds|||||||
|Total funds brought
forward||||790,589|790,589|900,090|
|Total funds carried forward||||1,050,972|1,050,972|790,589|
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|STATEMENT OF FI
31March 2022|NANCIAL POSITION||||
|---|---|---|---|---|
||||2022|2021|
|||Note|E||
|FIXEDASSETS|||||
|Tangible
fixed assets||16|50,177|29,249|
|faixed motive investments||17|156,724|111,903|
||||206,901|141,152|
|CURRENT ASSETS|||||
|Debtors||18|641,471|252,689|
|Cash at bank and
in hand|||494,194|694,379|
||||1,135,665|947,068|
|CREDITORS: amounts|falling due within one year|19|(291,594)|(297,631)|
|NET CURRENT ASSETS|||844,071|649,437|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||1,050,972|790,589|
|NET ASSETS|||1,050,972|790,589|
|FUNDS OF THE CHARITY|||||
|Unrestricted
funds|||1,050,972|790,589|
|Total charity funds||21|1,050,972|790,589|
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|STATEMENT OF CASH FLOWS
Year ended 31March 2022|||
|---|---|---|
||2022|2021|
||f.|6|
|CASH FLOWS FROM OPERATING ACTIVmES|||
|Net income/(expenditure)|260,383|(109,501)|
|Adjustments
for:|||
|Depredation
oftangible
fixed assets|9,680|3,868|
|Net losses on investments|179|53,097|
|Other interest
receivable
and similar income|(20)|(24)|
|Loss on disposal of heritage
assets||476|
|Accrued
income|(427,338)|(284,121)|
|Changesin:|||
|Trade and other debtors|(782)|(451)|
|Trade and other creditors|(11,699)|(218,714)|
|Cash generated
from operations|(169,597)|(555,370)|
|Interest received|20|24|
|Net cash used
in operating
activities|(169,577)|(555,346)|
|CASH FLOWS FROM INVESTING ACTIVITIES|||
|Purchase of tangible
assets|(30,608)|(28,014)|
|Net cash used
in investing
activities|(30,608)|(28,014)|
|NET DECREASE IN CASH AND CASH EQUIVALENTS|(200,185)|(583,360)|
|CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR|694,379|1,277,739|
|CASH AND CASH EQUIVALENTS AT END OF YEAR|494,194|694,379|
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|S.|DONATIO|NS
AND LEGACIE|S|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
|||||I|6|f|6|
||DONATIONS|||||||
||Donations|||882,544|882,544|882,500|882,500|
||Donations|—Alacrity Cyber||500,000|500,000|233,333|233.333|
||Donations|—DCAR Monmouth||170,143|170,143|||
||Donations|- Grow Digital||16,000|16,000|||
||Donations|- 12I||25,000|25,000|||
|||||1,593,687|1,593,687|1,115,833|1,115,833|
|6.|CNARITABLE ACTIVITIES|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
F|2022
E|Funds
I|2021
6|
||Other income from charitable||activities|45,000|45,000|30,000|30,000|
|7.|INVESTMENT INCOME|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
I|2022
E|Funds
f|2021
I|
||Bank interest receivable|||20|20|2'l|24|
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|EXPENDITU|RE|ON CHARITABLE ACTIVITIES BYFU|ND TYPE|||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds
1|2022
E|Funds
I|2021
I|
|Direct costs||986,169|986,169|904,179|904,179|
|Support costs||391,975|391,975|298,082|298,082|
|||1,378,144|1,378,144|1,202,261|1,202,261|
|EXPENDITU|RE|ON CHARITABLE ACTIVITIES BYACTIVITY TYPE||||
|||Activities||||
|||undertaken||Total funds|Total fund|
|||directly|Support costs|2022|2021|
|||E|E|E|E|
|Direct costs||986,169|387,679|1,373,848|1,197,960|
|Governance|costs||4,296|4,296|4,301|
|||986,169|391,975|1,378,144|1,202,261|
|ANALYSIS|OF|SUPPORT COSTS||||
|||||Total 2022|Total 2021|
|||||E|E|
|Staff costs||||205,139|172,559|
|Premises||||53,401|42,894|
|Communications||and IT||79,463|27,733|
|General office||||23,057|36,212|
|Legal and professional||||17,911|13,577|
|Motor and travel||||3.323|762|
|De preciabon||||9,681|3,868|
|(Profit)/Loss|on|disposal of fixed assets|||476|
|||||391,975|298,081|
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|11.|NET LOSSES|ON INVE|STM|ENTS||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
||||||Funds||2022|Funds|2021|
||||||||E|I|6|
||Gains/(losses)|on other|investment|||||||
||assets||||(180)||(180)|(53,097)|(53,097)|
|12.|NET INCOME/(EXPEND1TURE)|||||||||
||Net income/(expenditure)||is|stated after|charging/(crediting):|||||
|||||||||2022|2021|
|||||||||E|E|
||Depreciation|of tangible|fixed assets|||||9,680|3,867|
||Loss on disposal of heritage|||assets|||||476|
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|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E|E|
|Fees|payable|for|the|audit|ofthe|financial|statements|4,300|4,300|
|STAFF COSTS|||||
|---|---|---|---|---|
|The total staff costs and employee|benefits for the reporting|period are analysed|as follows:||
||||2022|2021|
||||E|E|
|Wages and salaries||357,235||336,823|
|Social security costs|||32,677|29,760|
|||389,912||366,583|
|ime equ|ival|ent
|employees
during the year is analysed|as follows:|||
|---|---|---|---|---|---|---|
|||||2022||2021|
|||||No.||No.|
|Number|of|staff|- management||4|4|
|Number|of|staff|—administrative||2|2|
||||||6|6|
|The number of employees|whose remuneration|for the year fell within the following|bands,|were:||
|---|---|---|---|---|---|
|||2022||2021||
|||No.||No.||
|660,000 to 669,999|||I||1|
|690,000 to 699,999|||I||1|
||||2||2|
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|TANGIBLE F|IXEDASSETS||||
|---|---|---|---|---|
|||Fixtures and|||
|||fittings|Equipment|Total|
|||E|E|E|
|Cost|||||
|At 1 April 2021||13,219|37,561|5O,78O|
|Additions||29,753|855|30,608|
|At 31March|2022|42,972|38,416|81,388|
|Depreciation|||||
|At 1 April 2021||2,301|19,230|21,531|
|Charge forthe|year|2,706|6,974|9,680|
|At 31March|2022|5,007|26,204|31,211|
|Carrying
amount|||||
|At 31March|2022|37,965|12,212|50,177|
|At 31 March 2021||10,918|18,331|29,249|
|MIXED MOTIVE INVESTMENTS|||||
|||||Spin-off|
|||||investments|
|Cost|||||
|At 1 April 2021||||180,000|
|Additions||||45,000|
|Disposals||||(15,000)|
|At 31March|2022|||210,000|
|Impairment|||||
|At 1 April 2021||||(68,097)|
|Disposals||||15,000|
|Impairment
losses||||(28,378)|
|Reversal of impairments||||28,199|
|At 31March|2022|||(53,276)|
|Carrying
amount
At 31March 2022||||156,724|
|DEBTORS|||||
||||2022|2021|
||||E|E|
|Prepayments|and accrued income||641,471|252,689|
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|19.|CREDITORS: amount|s
falling due within one yea|r||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
||Trade creditors
Accruals and deferred|income|279,793|13,251
274,131|
||Social security
and other taxes||11,801|10,249|
||||291,594|297,631|
|20.|DEFERRED INCOME||||
||||2022|2021|
||||6|E|
||At 1 April 2021
Amount
released to income||266,667
(266,667)|500,000
(233,333)|
||Amount deferred
in year||266,667||
||At 31March 2022||266,667|266,667|
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|Unrestricted|funds||||||
|---|---|---|---|---|---|---|
|||At 1|||Gains and|At 31|
|||April 2021|Income|Expenditure|losses|March 2022|
|||E|E|E|E|5|
|General funds||790,589|1,638,707|(1,378,144)|(180)|1050 972|
|||At 1|||Gains and|At 31|
|||April 2020|Income|Expenditure|losses|March 2021|
||||E|E|E|E|
|Generalfunds||900,090|1,145,857|(1,202,261)|(53,097)|790,589|
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||||||Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||||Funds|2022|
||||||E|E|
||Tangible|fixed assets|||50,177|50,177|
||Investments||||156,724|156,724|
||Current|assets|||1,135,665|1,135,665|
||Creditors|less than|1year||(291,594)|(291,594)|
||Net assets||||1,050,972|1,050,972|
||||||Unrestricted|Total Funds|
||||||Funds|2021|
||||||E|E|
||Tangible|fixed assets|||29,249|29,249|
||Investments||||111,903|111,903|
||Current|assets|||947,068|947,068|
||Creditors|less than|1year||(297,631)|(297,631)|
||Net assets||||790,589|790,589|
|23.|ANALYSIS OF CHANGES IN NET DEBT||||||
|||||At 1||At 31|
|||||Apr 2021
E|Cash flows
E|Mar 2022
I|
||Cash at|bank and|in hand|694,379|(200,185)|494,194|
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