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2021-03-31-accounts

IAH CHARITY COMPANY LIMITED TRADING AS INDEPENDENCE AT HOME

TRUSTEES ANNUAL REPORT

AND

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

Charity No: 1141758 Company No: 7620400

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

COMPANY INFORMATION

Trustees: Mr. G. D. Astor Mr. T. M. Carter Dr. R. A. Davies Miss S. R. Douthwaite Mr. W. Francklin Prof. J. R. Harrow Prof. L. M. Luxon CBE Mr. A. R. Wilson Member of Finance Committee Company No: 7620400 Registered Charity No: 1141758 Registered Office: Congress House 14 Lyon Road Harrow HA1 2EN Auditors: Alliotts LLP Friary Court 13-21 High Street Guildford, Surrey GU1 3DL Bankers: Bank of Scotland P O Box 1000 BX2 1LB Fund Managers: Smith and Williamson Investment Management 25 Moorgate London EC2R 6AY Cazenove Capital Management 12 Moorgate London EC2R 6DA Chief Executive: Mrs. K. Williams Chief Finance Officer:* Ms. K. Spooner

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

CONTENTS

Page Page
Report 4 15
Independent Auditors' Report 16 19
Statement of Financial Activities 20
Prior Year Statement of Financial Activities 21
Balance Sheet 22
Cashflow Statement 23
Notes to the Accounts 24 - 31

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The Trustees, (who are also the Directors), present their report and financial statements for the year ended 31 March 2021.

AIMS AND OBJECTIVES

The principal object of the Company is to support independence in people in need who are living at home with a long-term illness or disability. This is achieved by making grants of money, supplementary to statutory provision, which benefit people by enabling the purchase of equipment, home adaptations and other items to improve mobility, safety, comfort, dignity and quality of life at home. This was amended to add the relief of need, distress and hardship for the public benefit to accommodate the particular requirements of the beneficiaries of the Staines Trust.

ACTIVITIES

Applications for support come from professional workers in health and social care services and other charities. We meet requests for grants from throughout the United Kingdom. Our support varies from person to person and includes grants towards the cost of:-

OUTCOMES

The purpose of our grants is to maintain active living, improve independence and well-being and reduce isolation for people living at home with disability and long-term illness.

2020/21 was a most unusual year due to the impact of Covid-19. As care and community became virtual, our support was vital to address this huge change. We enabled the purchase of specialist equipment for personal care and comfort, adapted IT for disabled children to engage fully in lockdown learning, and communication equipment to keep people in touch with the outside world when visits to friends or from carers were not possible.

Last year, our beneficiaries faced the most incredible challenges of isolation and shielding. The top outcomes from our work reflected greater time spent at home and the importance of comfort and dignity. Through our grants our beneficiaries were able to:-

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

Increase connectedness with family, friends and digital support Access external space Improve mobility at home

STATUS

The company is limited by guarantee (No: 7620400) and is a registered charity (Charity No: 1141758).

TRUSTEES

The Trustees who held office during the period were as follows:-

Mr. G. D. Astor Mr. T. M. Carter * Dr. R. A. Davies Miss S. R. Douthwaite Mr. W. Francklin Prof. J. R. Harrow Prof. L. M. Luxon CBE Mr. A. R. Wilson*

*Member of Finance Committee

New Trustees are appointed by existing Trustees having regard to the mix of skills and relevant experience of the Board. Prospective Trustees are invited to meet fellow Trustees and, if appointed, are provided with information relating to the aims of the charity and are made aware of the responsibilities that Trusteeship involves. Trustees are kept informed of new internal and external developments by regular reports, presentation and the provision of information that is relevant to the Charity and to their work as Trustees. All Trustees give of their time freely and without any remuneration.

ORGANISATIONAL STRUCTURE AND MANAGEMENT

The Board of Trustees currently consists of eight Trustees who meet at least twice a year. The Trustees decide all matters of policy, determining strategic direction, agreeing objectives and monitoring performance to ensure that objectives are achieved. The Board of Trustees is assisted by the Finance Committee, which also meets twice a year and whose responsibility it is to consider financial issues in more detail and report back to the Trustees.

Responsibility and authority for running the day-to-day affairs of the Charity is delegated to the Chief Executive.

The Board decides the general policy, specific criteria and targets for grant-making to ensure dvance public benefit. Trustees

IAH Charity Company Limited is committed to an equal opportunities policy. Grants are made to people on the basis of disability and need, regardless of age, gender, ethnicity, religion or cultural background.

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

RISK MANAGEMENT

The principal risks to IAH Charity Company Limited are considered to be:

INVESTMENT POLICY

The Trustees of IAH Charity Company Limited have the power to invest in such assets as they see fit. All investment opportunities are chosen with due regard to the level of risk and ethical considerations. Smith & Williamson Investment Management and Cazenove Capital Management manage investment assets.

The current overall aim is to generate a balance between capital growth over the economic cycle and current income generation, whilst embracing a medium level of risk. An income yield of at least 2.5% was targeted and, in difficult economic conditions, a yield of 2.4% was achieved during the year. The Finance Committee meets with both Fund Managers regularly to review investment performance and strategy. Current asset allocation guidelines allow for approximately 50-90% investment in equities, 5-20% investment in fixed interest investments and 0-10% in cash.

RESERVES POLICY

I reserves represent funds which are held either to protect the long-term future of its operation, or are expected to be spent in the short-term. In the former category are the funds classified as i) Expendable Endowment Funds and ii) Designated Funds.

Expendable Endowment Funds, (Queen Square Fund, Miss Doreen Stanford Fund and Staines Trust Fund) totalled £5,697,845 at 31 March 2021. These were established on merger with the former Chartered Society of Queen Square, the Miss Doreen Stanford Trust and the Staines Trust, and hold the former S Trusts assets, which were transferred to Independence at Home and thence to IAH Charity Company Limited.

The Queen Square Fund continues to be invested to provide income for grant-making to clients with neurological illness and disability. The Miss Doreen Stanford Fund is invested to provide income for grant-making to clients in accordance with the agreement made prior to merger. The Staines Trust Fund is invested to provide grant-making to clients, including the former beneficiaries of the Staines Trust. A contribution from all three funds after grantmaking may be used to meet a proportion of IAH Charity Company Limited expenses. In addition, capital from the Queen Square Fund, Miss Doreen Stanford Fund and

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

Staines Trust Fund is used towards charitable activities if necessary. During the year some £21,300 of capital from the Queens Square Fund, £15,000 capital from the Miss Doreen Stanford Fund and £10,000 from Staines Trust Fund capital was spent on such activities. Also £18,700 of net current assets acquired at the time of the original transfer of Queens Square Fund to IAH was used for charitable activities in the year.

a designated fund - is invested to provide income specifically to defray the annual running costs of IAH Charity Company Limited. If the income from this Fund, and contributions from the Expendable Endowment Funds and other Unrestricted Funds are together insufficient to cover the costs, then the balance may be found from the capital of the , which totalled £717,280 at 31 March 2021. The Fundraiser Fund, another designated fund, was established following the endowment of assets from the Staines Trust, and is used to defray the costs of the dedicated fundraising function, over a period of five years. (See note below.) The value of the fund at 31 March 2021 was £140,661

Funds which are expected to be spent in the short-term are iii) Restricted Funds and iv) other Unrestricted Funds. Restricted Funds represent unspent balances on restricted donations and expendable endowment income at year end, the majority of which will be spent within the next financial year, and totalled £96,655 at 31 March 2021.

Other Unrestricted Funds consist of legacies, unrestricted donations and investment income which have not been spent in the current financial year and are carried forward for spending to medium term. At the end of the financial year, these funds totalled £62,396.

The Trustees believe that the current level of reserves is appropriate, in view of the uncertainty of future levels of both donated and investment income, and given the demand for our service. At 31 March 2021, total funds of the charity were £6,714,837.

APPROACH TO FUNDRAISING

Independence at Home is committed to protecting donors and the public, including vulnerable people, from poor fundraising practices as required by the fundraising sections of the Charities (Protection and Social Investment) Act 2016. All fundraising activities for the charity are carried out by charity staff, predominantly the (part-time) Fundraiser, who is a member of the Institute of Fundraising, and the (part-time) Chief Executive Officer. Donations are used only on grant making unless a donor explicitly provides otherwise. The Charity does not work with any commercial participators or professional fundraisers. All fundraising conforms to recognised standards. The Charity has not been made aware of any complaints about its fundraising practices.

GRANT MAKING

2020/21 was a year unlike any other due to Covid-19. We knew that even before the pandemic struck how urgent the needs of our beneficiaries were due to disability and longterm illness and with the almost immediate additional isolation, shielding and reduced social care over the last 12 months, we have seen how greatly the pandemic has impacted the people we were set up to support. In response to the very urgent need from disabled and long-term ill people over the last 12 months, we increased our grant making by 25% from 1,199 grants in 2019-20 to 1,503 grants during the year to 31 March 2021. £554,832 was distributed in grants to 1,503 long term ill and disabled people in need. The beneficiaries had medical diagnoses including physical and learning disabilities, neuromuscular and neurological conditions, multiple conditions of ageing, chronic and enduring mental health problems and life limiting conditions.

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

The grants were used by the beneficiaries to improve independence, safety, dignity and quality of life in and around their homes, and to reduce isolation. They assisted the purchase of equipment and building work that were essential at the time to enable each person and family to maintain active living and get the most out of life as possible.

20% of our beneficiaries were children and young people between 0-17 years of age; 58% were adults between 18-64 years of age; 14% were between 65 and 79 years of age and 8% were over 80 years of age . 51% of adult beneficiaries were male and 49% female. The grants covered a wide geographical spread. The beneficiaries lived across the UK in the following regions and countries: -

% England
216 14 London
212 14 North West
205 14 Midlands
195 13 South East
152 10 North East
146 10 South West
64 4 East of England
109 7 Scotland
102 7 Northern Ireland
96 6 Wales
6 1 Non-UK
1503 Total

We are proud of our work and hope the following examples show just how important the provision of specialist equipment and other support is for not only enabling independence for disabled people but also connection, comfort and dignity. The grant funding went towards the cost of the following items or work for the beneficiaries: -

A total of 72 applicants (4% of total applications), who fell outside of IAH Charity Company we helped signpost them to other sources of possible support.

Impact of Covid-19 on our Grant Making

Independence at Home made a very early decision to remain fully operational from March 2020, the first national lockdown, with the staff team adapting quickly to all working from home with a clear aim of meeting the additional needs of our vulnerable clients, via our online grants process. This meant that during the strict lockdown and shielding periods and with the support of our incredible funders, both existing and new, we were able to seamlessly offer our usual high levels of service and support the urgent needs of our beneficiaries by helping to provide: -

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

Over the year the percentage of our spend on specialist disability equipment and communications equipment for use in the home increased because of the new Covid-19 environment. For example: -

REVIEW OF FINANCIAL POSITION AT 31 MARCH 2021

21 amounted to £616,587 (2020 -

£560,450), representing investment income, legacies and donations. Total expenditure for the year was £759,551 (2020 - £631,370).

The value of the Charit amounted to £6,439,711 (2020 - £5,165,208).

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

EXTERNAL ENVIRONMENT AND PLANS FOR THE YEAR ENDED 31 MARCH 2022

Independence at Home is a needs driven and user focussed organisation that actively listens to the individual concerns and circumstances of its beneficiaries. We are passionate about our work and see dignity restored, often through very modest grants, to many who had simply lost hope of being part of their families and communities because of illness or disability.

Poverty rates are higher among families where at least one member is disabled, compared to families where no one is disabled. People living in families where someone is disabled comprised around 44% of the population in relative low income but these figures do not take into account the additional living costs that disabled people face. Latest figures (DWP 2019) show that the number of disabled people living in absolute poverty , where household income is below a necessary level to maintain basic living standards, rose by 200,000 in just one year meaning that there are now over 5 million disabled people living in absolute poverty.

We continue to see year on year increases in demand for our support, driven by the poverty of individuals living with disability and long-term illness, our rapidly ageing society and increased longevity of people surviving serious injury or disability. However, last year, demand was greatly impacted by the specific independence needs of disabled people and those with long-term illness and we saw just how disproportionately they were impacted by Covid-19. The previous government austerity measures and welfare reforms over the past decade also continue to have a major long-term impact particularly on social care provision.

Our beneficiaries are people of all ages living with disability, long term illness and the multiple conditions of ageing. They are in dire financial need and find it extremely challenging to obtain essential equipment or home adaptations to maximise their independence and quality of life at home and reduce isolation. In addition, technology has advanced communication and mobility aids significantly for people living with disability and long-term illness, but these advancements remain out of reach of our clients.

Faced with multiple barriers to independent living and having tried, but failed, to secure what is needed from statutory sources, our beneficiaries so often fall through gaps in service provision. Their only recourse is to seek financial help from charities like Independence at Home towards the purchase of specialist equipment and adaptations to improve independent living. We know that we are often the last port of call to secure access to support.

Many live alone or in unsuitable housing, receiving little support from family, friends, or statutory services. Older people and families, especially single parent families, struggle to cover the cost of necessities like food and heating, so cannot afford to self-fund equipment required to maintain active daily living. Younger people are unable to access education independently. Children cannot play with their peers. Many partners, carers, and parents of those we support are also disabled or long term ill, and in many cases unable to go to work. Our clients experience social exclusion, isolation, reduced access to education, leisure and friendship and restricted life opportunities.

Even before the pandemic struck, our clients were already in urgent need due to disability and long-term illness. They have been disproportionately affected by the social distancing and isolation that we are facing as a general population, many of them having to medically shield for the duration of the restrictions. They have become more vulnerable in our communities due to increased isolation and demands on health and social care workers because of Covid19. The enforced isolation is causing many additional issues to those who receive fewer or no health and social care visits and are often entirely cut-off from families and friends who provide regular support.

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

Access to grant funding to help our clients to obtain specialist equipment and building work has reduced during the pandemic, increasing the difficulties for our clients. Many potential referrers, particularly Occupational Therapists, and other NHS workers, are unable to visit clients to assess their needs and complete a grant application on their behalf. Several other grant making charities who operate in a similar field to Independence at Home closed their grant programmes in 2020 and some of these have only recently reopened. Equipment suppliers and building contractors ceased trading during the lockdown periods. There is a huge backlog of needs, particularly for building work, building up for the future.

We increased support to our clients in 2020/21 by 25% in 2020/21, making an additional 300 grants compared with 2019/20. We know that we must do more to meet the need at this unprecedented time of the Covid-19 pandemic to support independence at home for those multiply isolated by disability, long term illness and self-isolation. At the very least we plan to maintain our grant making at its current higher level during 2020/21.

Our support is now needed more than ever. The charity will remain operational to meet the needs of our beneficiaries. We are continuing to operate our grants payment process on a weekly basis, meaning we can respond very quickly to the needs of vulnerable people in this time of fast-changing and growing need. Our service is flexible and responsive, and we are available via email or phone. We have an on-line application system via our web site which ensures referrers can easily access our support and apply quickly when there is a need.

We are fortunate in having a solid financial foundation for our grant making thanks to several strategic partners and major donors including The Edward Gostling Foundation, The John Armitage Charitable Trust, The Dulverton Trust, The Schroder Foundation, The Hadley Trust and The Mercers Company. Up to one hundred other Trusts and Foundations donate to the charity on an annual basis and we are optimistic that this support from our loyal donors will continue throughout the year ahead, as it did so magnificently during the first year of the pandemic. Many of our loyal donors made an additional donation in response to our Covid-19 appeal in April 2020 or increased the value of their annual donations to the charity. We, and our clients are most grateful for their support. Particular thanks go to the Edward Gostling Foundation who made an additional donation during the last few weeks of the year to enable Independence at Home to maintain grant making and meet the needs presenting.

We were so grateful to the Trust and Foundation sector in the way they sprung into action to support the direct needs of so many charities supporting vulnerable people in the communities in the UK. Whilst some understandably paused their open-grant programmes to focus, we know that many offered additional funding and collaborated to make accessing funds quickly a much easier process. The Association of Charitable Foundations April 2021 crease spending on grants to civil society organisations in 2021 (86%), even though 40% are expecting a negative own fundraising going forward into 2022.

Due to our strong asset base, and the support of our donors, we consider the charity to be a going concern, with the ability to weather the remainder of the pandemic with the help and in partnership with like-minded Trusts and Foundations, and to continue to provide essential support for people living at home with disability and long-term illness in these challenging times.

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

(1)

Independence at Home is grateful to the following Trusts, Companies and Individuals who ending 31 March 2021:

Charity The Annie Tranmer Charitable Trust The John Armitage Charitable Trust The Astor Foundation Mr D Astor Miss Elizabeth Astor Lord Austin Trust B-CH 1971 Charitable Trust B&Q Foundation Baily Thomas Charitable Fund Benham Charitable Settlement The Isabel Blackman Foundation The Blair Foundation The David Brooke Charity The Broughton Charitable Trust Mr & Mrs T Calcutt Card Factory Foundation The Alice Ellen Cooper Dean Charitable Foundation

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

The Dowager Countess Eleanor Peel Trust Mr N Crace The Davis Foundation The Dulverton Trust Dumbreck Charity The Findlay Charitable Trust Sir John Fisher Foundation The Hugh Fraser Foundation The Florence Turner Trust Gilander Foundation The Edward Gostling Foundation The Grace Trust The Walter Guinness Charitable Trust The Hadley Trust Eleanor Hamilton Educational Trust The Hamilton Wallace Trust The Hargreaves Foundation Edith Lilian Harrison 2000 Foundation The John Harrison Charitable Trust The Helianthus Charitable Trust The P &C Hickinbotham Charitable Trust The Jane Hodge Foundation The Joseph Hopkins Charity The Hospital Saturday Fund Trust The Irving Memorial Trust The John James Bristol Foundation The Joicey Trust JTH Charitable Trust Harold & Naomi Klug Trust Sir James Knott Trust The Beatrice Laing Trust The Duchy of Lancaster Benevolent Fund The Lennox Hannay Charitable Trust The George John & Sheilah Livanos Charitable Trust The Liz and Terry Bramall Foundation London Community Response Fund The Lynn Foundation The RS Macdonald Charitable Trust The Mason Le Page Charitable Trust The Mercers' Company The Clare Milne Trust Mitford-Slade Charitable Trust The Moneybury Charitable Trust Mrs Smith & Mount Trust Murphy-Neumann Charity Company Limited Norman Family Trust The Edgar Palamountain Memorial Fund Gerald Palmer Eling Trust Company The PF Charitable Trust Sir John Priestman Charity Trust The Sir James Roll Charitable Trust The Rothley Trust

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

The Row Fogo Charitable Trust The Sandra Charitable Trust The Schroder Foundation Sir John Sumner Trust Vinci UK Foundation Webb Family Charitable Trust The WED Charitable Trust Woodroffe Benton Foundation Diana de Yong Charitable Trust 29[th] May 1961 Charity Anonymous donors

IAH CHARITY COMPANY LIMITED, TRADING AS INDEPENDENCE AT HOME (A private company limited by guarantee, with no share capital)

REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2021

The Trustees, (who are also the Directors for the purposes of company law), are responsible for preparing their Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitable Company and the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT OF DISCLOSURE TO AUDITORS

So far as the Trustees are aware, there is no relevant audit information of which the C Trustees have taken all the necessary steps that they ought to have taken as Trustees in order to make themselves aware of all relevant audit information and to establish that the C information.

The annual report set out on pages 4-15 was approved by the Board of Trustees on 29 June 2021.

Signed:

David Astor, Chairman and Trustee

IAH CHARITY COMPANY LIMITED (A private company limited by guarantee, with no share capital)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF IAH CHARITY COMPANY LIMITED

FOR THE YEAR ENDED 31 MARCH 2021

Opinion

the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company east twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

IAH CHARITY COMPANY LIMITED (A private company limited by guarantee, with no share capital)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF IAH CHARITY COMPANY LIMITED

FOR THE YEAR ENDED 31 MARCH 2021

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees , the trustees (who are the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

A

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

IAH CHARITY COMPANY LIMITED (A private company limited by guarantee, with no share capital)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF IAH CHARITY COMPANY LIMITED

FOR THE YEAR ENDED 31 MARCH 2021

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

To address the risk of fraud through management bias and override of controls, we:

investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;

IAH CHARITY COMPANY LIMITED (A private company limited by guarantee, with no share capital)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF IAH CHARITY COMPANY LIMITED

FOR THE YEAR ENDED 31 MARCH 2021

reviewing correspondence with HMRC legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that

law, we do not accept or assume responsibility to anyone other than the charitable company opinions we have formed.

Stephen Meredith BA FCA DChA (Senior Statutory Auditor) for and on behalf of Alliotts LLP

29 June 2021

Chartered Accountants Statutory Auditor

Friary Court 13-21 High Street Guildford Surrey GU1 3DL

IAH CHARITY COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES

(including Income and Expenditure Account) YEAR ENDED 31 MARCH 2021

Notes
£
Income and endowments from:
Donations and legacies
3
303,704
Investments
4
27,349
Total
331,053
Expenditure on:
Raising Funds
Expenditure on raising donations/legacies
5
49,503
Investment management costs
1,208
Charitable activities
5,6
324,278
Total
374,989
Gains/(losses) on investment assets:
Realised gains/(losses) on investments
10
1,333
Unrealised gains/(losses) on investments
10
120,225
Net gains/(losses) on investments assets
121,558
Net Income/(expenditure)
77,622
Transfers between funds
-
Net movement in funds
77,622
Reconciliation of funds:
Total funds brought forward at 1 Apr 2020
842,715
Total funds carried forward at 31 Mar 2021
14
920,337
Unrestricted
Funds		 £
188,600
96,934
285,534
-
-
280,034
280,034
-
-
-
5,500
-
5,500
91,155
96,655

Restricted
Funds		 £
-
-
-
-
24,187
40,000
64,187
72,433
699,910
772,343
708,156
-
708,156
2,616,704
3,324,860
Expendable
Endowment
QSF		 £
-
-
-
-
8,844
15,000
23,844
30,647
248,858
279,505
255,661
-
255,661
949,638
1,205,299
Expendable
Endowment
DSF		 £
-
-
-
-
6,497
10,000
16,497
51,295
155,002
206,297
189,800
-
189,800
977,886
1,167,686
Expendable
Endowment
STF		 Year To
31Mar21
£
492,304
124,283
616,587
49,503
40,736
669,312
759,551
155,708
1,223,995
1,379,703
1,236,739
-
1,236,739
5,478,098
6,714,837		 Year To
31Mar20
£
(Page 20)
407,934
152,516
560,450
43,984
40,563
546,823
631,370
11,745
(729,851)
(718,106)
(789,026)
-
(789,026)
6,267,124
5,478,098

The statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 24 to 31 form part of these financial statements.

IAH CHARITY COMPANY LIMITED COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

(including Income and Expenditure Account) YEAR ENDED 31 MARCH 2021

Notes
£
Income and endowments from:
Donations and legacies
3
233,334
Investments
4
28,714
Total
262,048
Expenditure on:
Raising Funds
Expenditure on raising donations/legacies
5
43,984
Investment management costs
1,384
Charitable activities
5,6
245,423
Total
290,791
Gains/(losses) on investment assets:
Realised gains/(losses) on investments
10
1,069
Unrealised gains/(losses) on investments
10
(74,971)
Net gains/(losses) on investments assets
(73,902)
Net Income/(expenditure)
(102,645)
Transfers between funds
-
Net movement in funds
(102,645)
Reconciliation of funds:
Total funds brought forward at 1 Apr 2019
945,360
Total funds carried forward at 31 Mar 2020
14
842,715
Unrestricted
Funds		 £
174,600
123,802
298,402
-
-
267,077
267,077
-
-
-
31,325
-
31,325
59,830
91,155

Restricted
Funds		 £
-
-
-
-
23,634
26,083
49,717
6,397
(371,279)
(364,882)
(414,598)
-
(414,598)
3,031,303
2,616,705
Expendable
Endowment
QSF		 £
-
-
-
-
8,545
7,936
16,481
(1,065)
(132,902)
(133,967)
(150,447)
-
(150,447)
1,100,086
949,639
Expendable
Endowment
DSF		 £
-
-
-
-
7,000
304
7,304
5,344
(150,699)
(145,355)
(152,659)
-
(152,659)
1,130,545
977,886
Expendable
Endowment
STF		 Year To
31Mar20
£
407,934
152,516
560,450
43,984
40,563
546,823
631,370
11,745
(729,851)
(718,106)
(789,026)
-
(789,026)
6,267,124
5,478,098

IAH CHARITY COMPANY LIMITED BALANCE SHEET 31 March 2021

Notes
Fixed Assets
Tangible Assets
9
Investments
10
Current Assets
Debtors
11
Cash at bank and in hand
Creditors: Amounts falling
due within one year
12
Net Current Assets
Total Net Assets
13
The funds of the charity:
Expendable Endowment Fund
Chartered Society of Queen Square
The Miss Doreen Stanford Fund
The Staines Trust Fund
Restricted:
Specific grants
Expendable Endowments
Unrestricted:
Designated fund (Founders Fund)
Designated fund (Fundraiser Fund)
Other unrestricted funds
Total charity funds
14		 31 Mar 2021
£
£
608
6,439,711
6,440,319
7,596
290,325
297,921
(23,403)
274,518
6,714,837
3,324,860
1,205,299
1,167,686
99,062
(2,407)
717,280
140,661
62,396
6,714,837		 31 Mar 2020
£
£
1,244
5,165,208
5,166,452
6,926
324,592
331,518
(19,872)
311,646
5,478,098
2,616,704
949,638
977,886
85,477
5,678
599,557
173,231
69,927
5,478,098

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP.

The financial statements on pages 20 to 31 were approved by the Board of Trustees on 29 June 2021 and were signed on their behalf by:

………………………………………………..

David Astor Trustee / Director

Charity No: 1141758 Company No: 7620400

IAH CHARITY COMPANY LIMITED CASH FLOW STATEMENT 31 March 2021

Notes
Cash flows from operating activities
Cash (absorbed by) operations
18
Net cash (outflow) from operating activities
Investing activities
Payments to acquire fixed assets
Payments to acquire investments
Receipts on sales of investments
Interest received
Dividends received
Net cash generated from investing activities
Net cash (used in)/generated from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 Apr 2020
Cash and cash equivalents at 31 Mar 2021
Made up of:
Cash at bank
Cash with investment manager		 31 Mar 2021
£
£
(263,750)
(263,750)
0
(867,098)
979,603
10,534
113,749
236,788
0
(26,962)
361,865
334,903
290,325
44,578
334,903		 31 Mar 2020
£
£
(223,141)
(223,141)
(1,082)
(855,332)
757,718
10,978
141,538
53,820
0
(169,321)
531,186
361,865
324,592
37,273
361,865

IAH CHARITY COMPANY LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2021

1. Accounting Policies

Company information

IAH Charity Company Limited is a private company limited by guarantee with no share capital incorporated in England and Wales. The company is a registered charity. The registered office is Congress House, 14 Lyon Road, Harrow, HA1 2EN.

1.1 Accounting convention

These financial statements have been prepared with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

On 11 March 2020, the World Health Organisation declared the Coronavirus (COVID-19) outbreak to be a pandemic in recognition of its rapid spread across the globe.

The Trustees will continue to monitor the impact of the Coronavirus on the activities of the charity and its cashflow. The Trustees are confident the charity has the resources to meet its liabilities as they fall due for at least 12 months from date of signing the accounts. Hence, they consider the charity to be a going concern.

1.3 Tangible fixed assets and depreciation

The cost of tangible fixed assets is written off on a straight-line basis over their estimated useful life as follows:

Office Equipment 25%

The value below which fixed assets are not capitalised is £500.

1.4 Fixed asset investments

Fixed asset investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Changes in fair value are recognised in net income/(expenditure) for the year. Transactions costs are expensed as incurred.

1.5 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three month or less, and bank overdrafts.

1.6 Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

IAH CHARITY COMPANY LIMITED NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2021

1. Accounting Policies (continued)

1.6 Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

1.7 Incoming resources

All incoming resources are included in the statement of financial resources when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

1.8 Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred and has been classified under headings that aggregate all costs related to the category:

1.9 Grants payable

Grants payable are included in the period when any relevant conditions are met by the receiving entity. Grants offered subject to conditions which have not been met at the year end are noted as a commitment but not accrued as expenditure. Resources are held in such a form so as to enable each fund to be applied in accordance with any restrictions imposed.

IAH CHARITY COMPANY LIMITED NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2021

1. Accounting Policies (continued)

1.10 Fund accounting

Details of the purpose of each fund are as follows:

The Expendable Endowment Fund was created during the year ended 31 March 2007 from assets transferred to Independence at Home by the Chartered Society of Queen Square, and during the period ended 31 March 2012 from assets transferred by the Miss Doreen Stanford Trust. Income from the former may only be used to make grants to applicants with neurological problems and to help defray the overheads of the charity. Income from the latter may be used to make grants to applicants for specific items of equipment and to help defray the overheads of the charity. An additional endowment of assets was transferred from the Staines Trust in May 2016, income from which may be used to make grants, support the former beneficiaries of the Staines Trust and to help defray the overheads of the charity.

The Founders Fund was established in 1991 and designated by the trustees to provide income (and capital if required) to defray the annual running costs of the charity.

The Fundraiser Fund was established in 2016 from funds donated from the Staines Trust and designated to defray the costs of the charity's fundraiser.

Other unrestricted funds comprise those funds which the trustees are free to use in accordance with the objects of the charity.

Restricted funds are funds which have been given for particular purposes set out by the donors. Details of funds which have been active during the year are given in Note 15.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Taxation

No provision for taxation arises on the income of the company due to its charitable status.

2. Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

There are no critical judgements that are not readily apparent from other external sources.

Key sources of estimation uncertainty

There are no assets or liabilites that have required a material accounting estimate to be made by the trustees.

IAH CHARITY COMPANY LIMITED NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2021

3. Donations and legacies income

Donations and legacies
4. Investment income
Income from equities
Income from fixed interest securities
Interest from banks		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Expendable
Endowment
STF
2021
2020
£
£
£
£
£
£
303,704
-
188,600
-
492,304
407,934
303,704
-
188,600
-
492,304
407,934
2021
2020
£
£
113,749
141,538
10,477
10,405
57
573
124,283
152,516

5. Allocation of support, administration and governance costs

The charity allocates its support costs in the table below. Support costs are allocated on a basis consistent with the use of resources.

of resources.
Cost Type Charitable
Activities
Fundraising
Grant
Governance
Staff costs making and
support
£
£
£
39,225
82,695
3,172		 2021
£
125,092		 2020
£
107,522		 Basis of
allocation
Staff activity
levels
Fundraising Expenses 2,860
-
-		 2,860 7,781 Actual
Audit -
-
8,640		 8,640 8,160 Actual
Rent, storage and office maintenance 3,435
13,742
-		 17,177 15,111 Actual
Depreciation 87
254
7		 348 663 Actual
Other support costs 3,896
5,679
291		 9,866 13,757 Actual
49,503
102,370
12,110		 163,983 152,994
Year ended 31 March 2020 43,984
97,131
11,879		 152,994
6. Analysis of grants payable 2021 2020
Grants to individuals
Number 1,503 1,199
Amount 554,832 437,813
No grants were made to institutions.
Grants conditionally promised to applicants but		 unpaid at the end of year:
Number 98 140
Amount 48,900 68,036
7. Staff costs and retirement benefit scheme 2021 2020
Salaries £
115,626		 £
100,973
Employer’s national insurance costs 5,895 5,476
Employer's payments in respect of defined contribution pension scheme 1,599 1,073
123,120 107,522

The total amount of £64,719 (2020: £62,403) was paid to the key management personnel for their service to the company.

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. All expenses are allocated to unrestricted charitable activities within the SOFA.

The average number of weekly employees, (excluding trustees/directors), was: Charitable Activities

No employee earned more than £60,000 during the year.

5

5

IAH CHARITY COMPANY LIMITED NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2021

8. Trustees' remuneration and related party transactions

The trustees received no remuneration or reimbursement for expenses in the period.

No trustee or other person related to the company had any personal interest in any contract or transaction entered into by the charity during the year (2020: £nil).

9. Tangible fixed assets

Office equipment
Cost at 1 April 2020
Additions
Released on disposals
Cost at 31 March 2021
Accumulated depreciation
Balance at 1 April 2020
Charge for year
Released on disposals
Balance at 31 March 2021
Net book value at 31 March 2021
Net book value at 31 March 2020
10. Investments
Market value at 1 April 2020
Additions
Disposals (proceeds £979,603 gains £155,708)
Net unrealised investment (losses)/gains
Market value at 31 March 2021
Investment deposit accounts
The investments at fair value comprise:
Equities
Fixed Interest Investments
Cash held within the investment portfolio		 2021
2020
£
£
14,613
14,222
-
1,082
(1,083)
(691)
13,530
14,613
13,369
13,024
636
1,036
(1,083)
(691)
12,922
13,369
608
1,244
1,244
1,198
2021
2020
£
£
5,127,935
5,748,427
867,098
855,332
(823,895)
(745,973)
1,223,995
(729,851)
6,395,133
5,127,935
44,578
37,273
6,439,711
5,165,208
2021
2020
£
£
5,796,614
4,602,421
598,519
525,514
44,578
37,273
6,439,711
5,165,208

Investments include holdings in various collective investment schemes; the fair value of these holdings is stated after any underlying fund charges.

11.
12.		 Debtors
Other debtors
Prepayments and accrued income
Creditors
Amounts falling due within one year
Accruals		 2021
2020
£
£
3,853
3,221
3,743
3,705
7,596
6,926
2021
2020
£
£
23,403
19,872
23,403
19,872

IAH CHARITY COMPANY LIMITED NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2021

13. Analysis of net assets between funds

Balances at 31 March 2021 are represented
by:
Tangible Fixed Assets
Investments
Net Current Assets
14. Movement in funds
Restricted funds:
To specific types of beneficiary
To specific types of expenditure
To specific geographical areas
Income from Expendable Endowments
Total restricted funds
Unrestricted funds:
Designated Founders Fund
Designated Fundraiser Fund
Other funds
Total unrestricted Funds
Expendable Endowment Fund
The Staines Trust Fund
The Miss Doreen Stanford Fund
Chartered Society of Queen Square
Total funds
Prior year movement in funds
Restricted funds:
To specific types of beneficiary
To specific types of expenditure
To specific geographical areas
Income from Expendable Endowments
Total restricted funds
Unrestricted funds:
Designated Founders Fund
Designated Fundraiser Fund
Other funds
Total unrestricted Funds
Expendable Endowment Fund
The Staines Trust Fund
The Miss Doreen Stanford Fund
Chartered Society of Queen Square
Total funds		 Designated
Funds
Other
Unrestricted
Funds
Restricted
Funds
Expendable
Endowment
Funds
Total funds
£
£
£
£
£
337
271
-
-
608
717,547
15,236
-
5,706,928
6,439,711
140,057
46,889
96,655
(9,083)
274,518
857,941
62,396
96,655
5,697,845
6,714,837
Balance
Incoming
Outgoing
Transfers
Gains/
Balance
01-Apr-20
Resources
Resources
(losses)
31-Mar-21
£
£
£
£
£
£
37,751
52,500
(51,509)
-
-
38,742
-
14,450
(12,116)
-
-
2,334
47,726
121,650
(111,390)
-
-
57,986
5,678
96,934
(105,019)
-
-
(2,407)
91,155
285,534
(280,034)
-
-
96,655
599,557
27,033
(1,058)
(27,033)
118,781
717,280
173,231
43
(32,613)
-
-
140,661
69,927
303,977
(341,318)
27,033
2,777
62,396

842,715
331,053
(374,989)
-
121,558
920,337
977,886
-
(16,497)
-
206,297
1,167,686
949,638
-
(23,844)
-
279,505
1,205,299
2,616,704
-
(64,187)
-
772,343
3,324,860
4,544,228
-
(104,528)
-
1,258,145
5,697,845
5,478,098
616,587
(759,551)
-
1,379,703
6,714,837
Balance
Incoming
Outgoing
Transfers
Gains/
Balance
01-Apr-19
Resources
Resources
(losses)
31-Mar-20
£
£
£
£
£
£
14,561
65,000
(41,810)
-
-
37,751
12,830
19,750
(32,580)
-
-
-
31,315
89,850
(73,439)
-
-
47,726
1,124
123,802
(119,248)
-
-
5,678
59,830
298,402
(267,077)
-
-
91,155
675,480
27,419
(996)
(27,419)
(74,927)
599,557
197,792
95
(24,656)
-
-
173,231
72,088
234,534
(265,139)
27,419
1,025
69,927

945,360
262,048
(290,791)
-
(73,902)
842,715
1,130,545
-
(7,304)
-
(145,355)
977,886
1,100,086
-
(16,481)
-
(133,967)
949,638
3,031,303
-
(49,717)
-
(364,882)
2,616,704
5,261,934
-
(73,502)
-
(644,204)
4,544,228
6,267,124
560,450
(631,370)
-
(718,106)
5,478,098

IAH CHARITY COMPANY LIMITED NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2021

15. Purposes of restricted funds

Restricted to specific types of beneficiary:

Baily Thomas Charitable Fund

The Dulverton Trust Hargreaves Foundation The John Harrison Charitable Trust

The Lynn Foundation

Anonymous Donor A

For people with learning disabilities

For those aged 65 and over excluding Greater London and Northern Ireland Sports equipment and technology for young people

For people with multiple sclerosis

Prefer to be spent on children

To be used for elderly people (over 60) in England

Restricted to specific types of expenditure:

B & Q Foundation

The Mrs Smith & Mount Trust

Vinci UK Foundation

For home adaptations or repairs (UK wide) For household items for disadvantaged people Mobility equipment grants

Restricted to specific geographical areas:

Miss JB Albright's Grimley Charity

The Alice Ellen Cooper Dean Charitable Foundation

Annie Tranmer Charitable Trust

The Lord Austin Trust

The Benham Charitable Settlement Liz and Terry Bramall Foundation The David Brooke Charity Dowager Countess Eleanor Peel Trust Card Factory Community Fund The Drapers' Charitable Fund Dumbreck Charity The Hugh Fraser Foundation Anonymous Donor C The Florence Turner Trust

The Walter Guinness Charitable Trust P and C Hickinbotham Charitable Trust The Jane Hodge Foundation The Joseph Hopkins Charity Anonymous Donor D The Isabel Blackman Foundation The John James Bristol Foundation The Joicey Trust JTH Charitable Trust The Sir James Knott Trust

To be spent in Birmingham and Worcestershire on the elderly

For people living in the Dorset area

For children & young people in Suffolk

For people living in the Birmingham area only

To be spent on aids for the home for people aged 65 and over in Northants

To be spent in Scotland/Glasgow For children and young people in Northern England

To be spent in North West England

To be spent in Northern Ireland for equipment across all ages For older people in Greater London

West Midlands, Worcestershire and Warwickshire

To be spent in Scotland

To be spent in Nottinghamshire

To be spent in Leicestershire

To be spent in Wiltshire

To be spent in Leicestershire and Rutland

To be spent in Wales on home adaptations, specialist mobility and disability equipment and essential household items

To be spent in the City of Birmingham on specialist mobility equipment

To be spent in Hull and the East Riding of Yorkshire on equipment

To be spent in Hastings and St Leonards-on-Sea

To be spent in Bristol city, preferably on the elderly

To be spent (specific postcodes) in Northumberland and/or Tyne & Wear on equipment

To be spent in Scotland/Glasgow

To be spent in certain areas of the North East of England

IAH CHARITY COMPANY LIMITED NOTES TO THE ACCOUNTS (continued) YEAR ENDED 31 MARCH 2021 15. Purposes of restricted funds (continued)

The Duchy of Lancaster Benevolent Fund For people living in the County Palatine of Lancaster - Greater Manchester, Lancashire and Merseyside London Community Response Fund To be spent in London (but unrestricted within this area) The Broughton Charitable Trust To be spent in Scotland/Lothians The Mercers' Company To be spent in Greater London (London boroughs) and Norfolk for people aged 50 and over The Mason Le Page Charitable Trust To be spent in the Greater London area The Clare Milne Trust To be spent in Devon and Cornwall on equipment, building alerations and white goods The Norman Family Trust To be spent in Devon, Cornwall and Somerset on specialist mobility equipment, disability equipment and home adaptations. The Sir John Priestman Charity Trust To be spent in Sunderland and County Durham The Rothley Trust To be spent in the North East of England on special equipment The Row Fogo Charitable Trust To be spent in Edinburgh and the Lothians The RS Macdonald Charitable Trust To be spent in Scotland on neurological conditions Sir John Fisher Foundation To be spent in Furness area of Cumbria Sir John Sumner Trust To be spent in Birmingham Webb Family Charitable Trust To be spent in South West England The WED Charitable Trust To be spent in Warwickshire Staffordshire, Worcestershire and Shropshire The WO Street Charitable Foundation To be spent in Lancashire Income from Expendable Endowments Queen Square Fund Individuals with neurological illness and disability; overheads of the charity Doreen Stanford Fund For specific items of equipment; overheads of the charity Staines Trust Fund Individuals to include the former beneficiaries of the Staines Trust; overheads of the charity

For people living in the County Palatine of Lancaster - Greater Manchester, Lancashire and Merseyside To be spent in London (but unrestricted within this area)

16. Commitments and contingent liabilities

The charity had no material capital commitments or contingent liabilities at 31 March 2021 which have not been provided for in these accounts.

Operating Leases

a) At the year end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

----- Start of picture text -----
2021 2020
Land and Land and
Buildings Buildings
£ £
20,697 32,217
----- End of picture text -----

17. Control

The charitable company is controlled by the Board of Trustees.

18. Cash Generated from Operations
Surplus/(deficit) for the year
Adjustments for:
Investments' income
Depreciation of property, plant and equipment
Other gains and losses
Movements in working capital:
Decrease/(increase) in trade and other receivables
(Decrease)/increase in trade and other payables
Cash (absorbed by) operations		 2021
2020
£
£
1,236,739
(789,026)
(124,283)
(152,516)
636
1,036
(1,379,703)
718,106
(670)
600
3,531
(1,341)
(263,750)
(223,141)