Charity No (if any) ## Pro-Seed ## Year to 12th January 2021 ## **Statement of financial activities** ## **2020/21** ## **Incoming resources** ## **Incoming resources from generated funds** Voluntary income Activities for generating funds Investment income **Incoming resources from charitable activities Other incoming resources** ## _**Total incoming resources**_ ## **Resources expended** ## **Costs of Generating Funds** Costs of generating voluntary income Fundraising trading costs Investment management costs ## **Charitable activities** ## **Governance costs** ## **Other resources expended** ## _**Total resources expended Net incoming/(outgoing) resources before transfers**_ ## **Gross transfers between funds** _**Net incoming/(outgoing) resources before other recognised gains/(losses)**_ ## **Other recognised gains/(losses)** Gains and losses on revaluation of fixed assets for the charity’s own use Gains and losses on investment assets ## _**Net movement in funds**_ ## **Total funds brought forward** _**Total funds carried forward**_ ## **Unrestricte** Note **d Funds** **----- Start of picture text -----**
Note d Funds Total
£ £
3
_
1,526 1,526
352 352
1,878 1,878
4- 8
120 120
5,500 5,500
5,620 5,620
3,742 3,742
- 3,742 - 3,742
165,300 165,300
161,558 161,558
558,392 558,392
719,950 719,950
**----- End of picture text -----**
1 LT700004 ## **2019/20** **Total £** 25,240 2,020 27,260 1,211 9,902 11,113 16,147 16,147 68,726 84,873 473,519 558,392 2 LT700004 ## Pro-Seed ## Financial Statements for the year ended 12th January 2021 **Balance sheet** ## **12th January 2021** |Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**|Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**|Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**|Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**|Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**| |---|---|---|---|---| ||719,950|||719,950| The financial statements were approved by the Trustees on and signed on their beh Signature Print Name 3 LT700004 ## **12th Jan 2020 Total £** 542,867 15,525 558,392 558,392 558,392 558,392 558,392 558,392 half by **----- Start of picture text -----**
Treasurer
**----- End of picture text -----**
4 LT700004 ## **Notes to the a** ## **Note 1 Basis of preparation** ## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic co - Accounting and Reporting by Charities – Statement of Recom - and with Accounting Standards - and with the Charities Act 1993. ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years. 5 LT700004 ## **accounts** st . mmended Practice (SORP 2005); n rules and methods of accounting) since last year. 6 LT700004 **Note 2 A INCOMING RESOURCE Recognition of incoming resources** **Incoming resources with related expenditure** **Contractual income and performance related grants** **Volunteer help** **Investment income** **EXPENDITURE AND L Liability recognition** ## **ASSETS** **Stocks and work in progress** 7 LT700004 ## **Notes to the accounts (cont)** ## **Accounting policies** ## **ES** These are included in the Statement of Financial Activities (SoFA) when: - the business becomes entitled to the resources; Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. This is only included in the SoFA once the related goods or services have been delivered. The value of any voluntary help received is not included in the accounts. This is included in the accounts when receivable. ## **IABILITIES** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. These are valued at the lower of cost or market value. 8 LT700004 ## **Notes to the accounts** ## **Note 3 Analysis of incoming resources** |**Note 3 Analysis of incoming resources**|**Note 3 Analysis of incoming resources**|**Note 3 Analysis of incoming resources**| |---|---|---| |**Analysis**
**2020/21**
**£**
**Voluntary income**
Virgin Money
_
**Total**
_
**Total**
**Investment income**
Dividends
17,406
Proft/(loss) on sale Investments
- 15,880
**Total** 1,526
Donations Venezualian refugees
352
**Total** 352
**Activities for generating**
**funds**
**Incoming resources from**
**charitable activities**||| |||| ||Donations Venezualian refugees|352| |||| |||| |||| ||**Total**|352| 9 LT700004 ## **(cont)** ## **2019/20 £** 25,993 753 25,250 2,020 2,020 10 LT700004 ## **Notes to the accounts** ## **Note 4 Analysis of resources expended** |**2020/21**
**£**
**Total**
**Total**
expenses
120
**Total** 120
**Charitable activities**
Vuleka school/change lives
SALVE
5,000
Testigo
GATOTO
Harriet school Uganda/Guildford Mukono
500
**Governance costs**
Venezualan refugees
other
**Total** 5,500
**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Investment**
**management costs**|**2020/21**
**£**
**Total**
**Total**
expenses
120
**Total** 120
**Charitable activities**
Vuleka school/change lives
SALVE
5,000
Testigo
GATOTO
Harriet school Uganda/Guildford Mukono
500
**Governance costs**
Venezualan refugees
other
**Total** 5,500
**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Investment**
**management costs**|**2020/21**
**£**
**Total**
**Total**
expenses
120
**Total** 120
**Charitable activities**
Vuleka school/change lives
SALVE
5,000
Testigo
GATOTO
Harriet school Uganda/Guildford Mukono
500
**Governance costs**
Venezualan refugees
other
**Total** 5,500
**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Investment**
**management costs**| |---|---|---| ||Venezualan refugees|| ||
other|| |||| ||**Total**|5,500| 11 LT700004 ## **(cont)** ## **2019/20 £** 1,211 1,211 287 3,850 2,100 1,200 2,365 100 9,902 12 LT700004 ## **Notes to the accounts** ## **Note 5 Support Costs** Support costs have been analysed as follows: **----- Start of picture text -----**
Fundraising activity Charitable Activity Governance Activity
£ £ £
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Total - - -
**----- End of picture text -----**
## **Note 6 Expenses and fees** ## **6.1 Trustee expenses** The total amount of payments or reimbursement of out-of-pocket expenses made to trustees or to third incurred by trustees was as follows: |**Nature of the expenses**
**Total amount paid**
**Number of trustees** **who were paid expenses**|**2020/21**| |---|---| ||| ||| ||**Nil**| ## **6.2 Auditor/Independent Examiner fees** The following fees were paid for the statutory external scrutiny of accounts and other services provided auditor/independent examiner: |Auditors'/Independent examiner’s fees for reporting on the accounts
Other fees - advice, consultancy, accountancy services|**2020/21**
**£**| |---|---| ||Nil| ||| 13 LT700004 ## **(cont)** **Total Cost £** - - - - - - - - parties for expenses **2019/20 Nil** by the **2019/20 £** Nil 14 LT700004 ## **Notes to the accounts** ## **Note 7 Paid employees** **----- Start of picture text -----**
7.1 Staff Costs
2020/21
£
Gross wages, salaries and benefits in kind
Employer’s National Insurance costs -
Pension costs -
Total staff costs -
7.2 Average number of full-time equivalent employees in the 2020/21
year Number
The parts of the charity in which the
employees work -
-
-
Total
7.3 Defined contribution pension scheme
Brief details of the scheme
**----- End of picture text -----**
**2020/21 £** Nil **The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end** 15 LT700004 ## **(cont)** **2019/20 £** - - - **2019/20 Number** - - - **2019/20 £** Nil 16 LT700004 ## **Notes to the accounts** ## **Note 8 Grantmaking** The charity made the following material grants and donations during the year ## **8.1 Total value of grants** **----- Start of picture text -----**
Grants to
institutions
Purpose for which grants made Total amount £
-
-
-
-
-
-
Total -
**----- End of picture text -----**
## **8.2 Grants made to institutions** The charity made the following material grants to institutions. **Names of institutions Purpose** _**Total grants to institutions**_ 17 LT700004 ## **(cont)** **Grants to individuals Total amount £** - - - - - - **-** **Total amount of grants paid £** - - - - - - - - - - **-** 18 LT700004 ## **Notes to the accounts** ## **Note 9 Tangible fixed assets** ## **9.1 Cost or valuation** |Balance brought forward
Additions
Revaluations
Disposals
Transfers
Balance carried forward|**£**
**Land &**
**Buildings**|**Motor Vehicles**
**£**|**£**
**Furniture,**
**Fittings and**
**Ofce**
**Equipment**|**£**
**Scouting**
**Equipment etc**| |---|---|---|---|---| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ## **9.2 Accumulated depreciation and impairment provisions** Depreciation is provided on the above assets at the following rates: |**Basis**
**Rate**
**Motor Vehicles**
**£**
**£**
**£**
**£**
Balance brought forward
- - - -
Depreciation charge for year
- - - -
Impairment provisions
- - - -
Revaluations
- - - -
Disposals
- - - -
Transfers
- - - -
Balance carried forward
- - - -
**9.3 Net book value**
Brought forward
- - - -
Carried forward
- - - -
Straight
Line/Reducing
Balance
Straight
Line/Reducing
Balance
Straight
Line/Reducing
Balance
Straight
Line/Reducing
Balance
**Land &**
**Buildings**
**Furniture,**
**Fittings and**
**Ofce**
**Equipment**
**Scouting**
**Equipment etc**|Straight
Line/Reducing
Balance|Straight
Line/Reducing
Balance|Straight
Line/Reducing
Balance|Straight
Line/Reducing
Balance| |---|---|---|---|---| |||||| ||-|-|-|-| ||-|-|-|-| ## **9.4 Revaluation** 19 LT700004 ## **(cont)** **Total £** - - - - - - **Total £** - - - - - - - - - 20 LT700004 ## **Notes to the accounts** ## **Note 10 Investment assets** ## **10.1 Fixed assets investments** **----- Start of picture text -----**
£
Carrying (market) value at beginning of year 542,867
Add: additions to investments at cost 48,240
Less: disposals at carrying value - 51,241
Add/(deduct): net gain/(loss) on revaluation 165,300
Carrying (market) value at end of year 705,166
Analysis of investments 10.2
Market value
at year end
£
Investment properties -
Investments listed on a recognised stock exchange or held in common 705,166
investment funds, open ended investment companies, unit trusts or other
collective investment schemes
Investments in subsidiary or connected undertakings and companies -
Securities not listed on a recognised Stock Exchange -
Cash held as part of the investment portfolio _
Other investments -
Total 705,166
**----- End of picture text -----**
## **10.4 Material investment holdings** **Material Investments (more than 5 per cent of the value of the charity’s total investments** ,Lloyds BankingGP 9.25%, ,Impax enviromental,Schr **Investment held** Vectors .'301483,223975,112950,66757 **Market Value** 21 LT700004 ## **(cont)** **10.3 Income from investments for the year £** - 17,406 - - - 17,406 ## **) were:** roders,Vaneck 22 LT700004 **Notes to the accounts** ## **Note 11 Debtors and prepayments** **Analysis of debtors Trade debtors Gift Aid Prepayments and accrued income** **----- Start of picture text -----**
Amounts falling due Amounts f
within one year after more th
2021 2020 2021
£ £ £
Total
**----- End of picture text -----**
## **Note 12 Short term investments** _**Analysis of deposits**_ |
**2021**
**2020**
**£**
**£**
**Other deposits**
**Total**
**Note 13 Cash at bank and in hand**
**_Analysis of deposits_**
**2021**
**2020**
**£**
**£**
**Bank current accounts**
£1,290
£ 6,437
**Share centre cash**
£ 13,494 £ 9,088
**Cash in hand**
**Total**
£14,784
£ 15,525|**2021**
**£**|**2020**
**£**|| |---|---|---|---| ||||| ||||| ||||| ||**2021**
**£**|**2020**
**£**|| ||£1,290|£ 6,437|| ||£ 13,494|£ 9,088|| ||||| ||£14,784|£ 15,525|| ## **Note 14 Creditors and accruals** ## **14.1 Analysis of creditors** **Accruals and deferred income Trade creditors Taxation and social security Vat liability** **----- Start of picture text -----**
Amounts falling due Amounts f
within one year after more th
2021 2020
£ £ £
Total
**----- End of picture text -----**
## **14.2 Security over assets** 23 LT700004 ## **(cont)** **falling due han one year 2020 £** **falling due han one year** **----- Start of picture text -----**
£
**----- End of picture text -----**
24 LT700004 ## **Notes to the accounts** ## **Note 15 Endowment and restricted funds** **15.1 Funds held** **The charity held the following funds at the year end** - **permanent endowment funds (PE);** - **expendable endowment funds (EE); and** - **restricted income funds, including special trusts, of the charity (R).** **Type PE, EE Fund Name Purpose and Restrictions or R** ## **15.2 Movements of major funds** **----- Start of picture text -----**
Fund
balances
brought Incoming Outgoing Gains and
forward resources resources Transfers losses
Fund names £ £ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total Funds - - - - -
**----- End of picture text -----**
## **15.3 Transfers between funds** **From Fund (Name) To Fund (Name) Reason** 25 LT700004 ## **(cont)** **Fund balances carried forward £** - - - - - - - ## **Amount** 26 LT700004 ## **Notes to the accounts** ## **Note 16 Transactions with related parties 16.1 Remuneration and benefits** **----- Start of picture text -----**
Amounts paid o
Legal authority (eg order,
Name of trustee or connected party
governing document) 2020/21
£
16.2 Loans
Amount
Name of trustee or
Legal authority 2020/21
connected party
£
Due to trustees and
related parties
Due from trustees and
related parties
16.3 Other transaction(s) with trustees or related parties
2020/2021
Name of the trustee Relationship to Description of the
or related party charity transaction(s) £
**----- End of picture text -----**
27 LT700004 ## **(cont)** **----- Start of picture text -----**
or benefit value
2019/20
£
**----- End of picture text -----**
**----- Start of picture text -----**
t owing
2019/20
£
**----- End of picture text -----**
**----- Start of picture text -----**
2019/20
£
**----- End of picture text -----**
28 LT700004 ## **Notes to the accounts (cont)** ## **Note 17 Additional Disclosures** **The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts.** . 29 LT700004 Charity No (if any) ## Pro-Seed ## Year to 12th January 2021 ## **Statement of financial activities** ## **2020/21** ## **Incoming resources** ## **Incoming resources from generated funds** Voluntary income Activities for generating funds Investment income **Incoming resources from charitable activities Other incoming resources** ## _**Total incoming resources**_ ## **Resources expended** ## **Costs of Generating Funds** Costs of generating voluntary income Fundraising trading costs Investment management costs ## **Charitable activities** ## **Governance costs** ## **Other resources expended** ## _**Total resources expended Net incoming/(outgoing) resources before transfers**_ ## **Gross transfers between funds** _**Net incoming/(outgoing) resources before other recognised gains/(losses)**_ ## **Other recognised gains/(losses)** Gains and losses on revaluation of fixed assets for the charity’s own use Gains and losses on investment assets ## _**Net movement in funds**_ ## **Total funds brought forward** _**Total funds carried forward**_ ## **Unrestricte** Note **d Funds** **----- Start of picture text -----**
Note d Funds Total
£ £
3
_
1,526 1,526
352 352
1,878 1,878
4- 8
120 120
5,500 5,500
5,620 5,620
3,742 3,742
- 3,742 - 3,742
165,300 165,300
161,558 161,558
558,392 558,392
719,950 719,950
**----- End of picture text -----**
1 LT700004 ## **2019/20** **Total £** 25,240 2,020 27,260 1,211 9,902 11,113 16,147 16,147 68,726 84,873 473,519 558,392 2 LT700004 ## Pro-Seed ## Financial Statements for the year ended 12th January 2021 **Balance sheet** ## **12th January 2021** |Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**|Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**|Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**|Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**|Note
**Total**
**£**
**£**
**Fixed assets**
**Tangible assets**
9
**Other fxed assets**
**Investments**
10
**_Total fxed assets_**
**Current assets**
**Stock and work in progress**
-
-
**Debtors**
11
**(Short term) investments**
12
705,166
705,166
**Cash at bank and in hand**
13
14,784
14,784
**_Total current assets_**
719,950
719,950
14
**_Net current assets/(liabilities)_**
719,950
719,950
**_Total assets less current liabilities_**
719,950
719,950
14
**Provisions for liabilities and charges**
**_Net assets_**
719,950
719,950
**Funds of the Charity**
**Unrestricted funds**
719,950
719,950
**_Total funds_**
719,950
719,950
**Unrestricte**
**d funds**
**Creditors: amounts falling due**
**within one year**
**Creditors: amounts falling due after**
**one year**| |---|---|---|---|---| ||719,950|||719,950| The financial statements were approved by the Trustees on and signed on their beh Signature Print Name 3 LT700004 ## **12th Jan 2020 Total £** 542,867 15,525 558,392 558,392 558,392 558,392 558,392 558,392 half by **----- Start of picture text -----**
Treasurer
**----- End of picture text -----**
4 LT700004 ## **Notes to the a** ## **Note 1 Basis of preparation** ## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic co - Accounting and Reporting by Charities – Statement of Recom - and with Accounting Standards - and with the Charities Act 1993. ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years. 5 LT700004 ## **accounts** st . mmended Practice (SORP 2005); n rules and methods of accounting) since last year. 6 LT700004 **Note 2 A INCOMING RESOURCE Recognition of incoming resources** **Incoming resources with related expenditure** **Contractual income and performance related grants** **Volunteer help** **Investment income** **EXPENDITURE AND L Liability recognition** ## **ASSETS** **Stocks and work in progress** 7 LT700004 ## **Notes to the accounts (cont)** ## **Accounting policies** ## **ES** These are included in the Statement of Financial Activities (SoFA) when: - the business becomes entitled to the resources; Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. This is only included in the SoFA once the related goods or services have been delivered. The value of any voluntary help received is not included in the accounts. This is included in the accounts when receivable. ## **IABILITIES** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. These are valued at the lower of cost or market value. 8 LT700004 ## **Notes to the accounts** ## **Note 3 Analysis of incoming resources** |**Note 3 Analysis of incoming resources**|**Note 3 Analysis of incoming resources**|**Note 3 Analysis of incoming resources**| |---|---|---| |**Analysis**
**2020/21**
**£**
**Voluntary income**
Virgin Money
_
**Total**
_
**Total**
**Investment income**
Dividends
17,406
Proft/(loss) on sale Investments
- 15,880
**Total** 1,526
Donations Venezualian refugees
352
**Total** 352
**Activities for generating**
**funds**
**Incoming resources from**
**charitable activities**||| |||| ||Donations Venezualian refugees|352| |||| |||| |||| ||**Total**|352| 9 LT700004 ## **(cont)** ## **2019/20 £** 25,993 753 25,250 2,020 2,020 10 LT700004 ## **Notes to the accounts** ## **Note 4 Analysis of resources expended** |**2020/21**
**£**
**Total**
**Total**
expenses
120
**Total** 120
**Charitable activities**
Vuleka school/change lives
SALVE
5,000
Testigo
GATOTO
Harriet school Uganda/Guildford Mukono
500
**Governance costs**
Venezualan refugees
other
**Total** 5,500
**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Investment**
**management costs**|**2020/21**
**£**
**Total**
**Total**
expenses
120
**Total** 120
**Charitable activities**
Vuleka school/change lives
SALVE
5,000
Testigo
GATOTO
Harriet school Uganda/Guildford Mukono
500
**Governance costs**
Venezualan refugees
other
**Total** 5,500
**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Investment**
**management costs**|**2020/21**
**£**
**Total**
**Total**
expenses
120
**Total** 120
**Charitable activities**
Vuleka school/change lives
SALVE
5,000
Testigo
GATOTO
Harriet school Uganda/Guildford Mukono
500
**Governance costs**
Venezualan refugees
other
**Total** 5,500
**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Investment**
**management costs**| |---|---|---| ||Venezualan refugees|| ||
other|| |||| ||**Total**|5,500| 11 LT700004 ## **(cont)** ## **2019/20 £** 1,211 1,211 287 3,850 2,100 1,200 2,365 100 9,902 12 LT700004 ## **Notes to the accounts** ## **Note 5 Support Costs** Support costs have been analysed as follows: **----- Start of picture text -----**
Fundraising activity Charitable Activity Governance Activity
£ £ £
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Total - - -
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## **Note 6 Expenses and fees** ## **6.1 Trustee expenses** The total amount of payments or reimbursement of out-of-pocket expenses made to trustees or to third incurred by trustees was as follows: |**Nature of the expenses**
**Total amount paid**
**Number of trustees** **who were paid expenses**|**2020/21**| |---|---| ||| ||| ||**Nil**| ## **6.2 Auditor/Independent Examiner fees** The following fees were paid for the statutory external scrutiny of accounts and other services provided auditor/independent examiner: |Auditors'/Independent examiner’s fees for reporting on the accounts
Other fees - advice, consultancy, accountancy services|**2020/21**
**£**| |---|---| ||Nil| ||| 13 LT700004 ## **(cont)** **Total Cost £** - - - - - - - - parties for expenses **2019/20 Nil** by the **2019/20 £** Nil 14 LT700004 ## **Notes to the accounts** ## **Note 7 Paid employees** **----- Start of picture text -----**
7.1 Staff Costs
2020/21
£
Gross wages, salaries and benefits in kind
Employer’s National Insurance costs -
Pension costs -
Total staff costs -
7.2 Average number of full-time equivalent employees in the 2020/21
year Number
The parts of the charity in which the
employees work -
-
-
Total
7.3 Defined contribution pension scheme
Brief details of the scheme
**----- End of picture text -----**
**2020/21 £** Nil **The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end** 15 LT700004 ## **(cont)** **2019/20 £** - - - **2019/20 Number** - - - **2019/20 £** Nil 16 LT700004 ## **Notes to the accounts** ## **Note 8 Grantmaking** The charity made the following material grants and donations during the year ## **8.1 Total value of grants** **----- Start of picture text -----**
Grants to
institutions
Purpose for which grants made Total amount £
-
-
-
-
-
-
Total -
**----- End of picture text -----**
## **8.2 Grants made to institutions** The charity made the following material grants to institutions. **Names of institutions Purpose** _**Total grants to institutions**_ 17 LT700004 ## **(cont)** **Grants to individuals Total amount £** - - - - - - **-** **Total amount of grants paid £** - - - - - - - - - - **-** 18 LT700004 ## **Notes to the accounts** ## **Note 9 Tangible fixed assets** ## **9.1 Cost or valuation** |Balance brought forward
Additions
Revaluations
Disposals
Transfers
Balance carried forward|**£**
**Land &**
**Buildings**|**Motor Vehicles**
**£**|**£**
**Furniture,**
**Fittings and**
**Ofce**
**Equipment**|**£**
**Scouting**
**Equipment etc**| |---|---|---|---|---| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ## **9.2 Accumulated depreciation and impairment provisions** Depreciation is provided on the above assets at the following rates: |**Basis**
**Rate**
**Motor Vehicles**
**£**
**£**
**£**
**£**
Balance brought forward
- - - -
Depreciation charge for year
- - - -
Impairment provisions
- - - -
Revaluations
- - - -
Disposals
- - - -
Transfers
- - - -
Balance carried forward
- - - -
**9.3 Net book value**
Brought forward
- - - -
Carried forward
- - - -
Straight
Line/Reducing
Balance
Straight
Line/Reducing
Balance
Straight
Line/Reducing
Balance
Straight
Line/Reducing
Balance
**Land &**
**Buildings**
**Furniture,**
**Fittings and**
**Ofce**
**Equipment**
**Scouting**
**Equipment etc**|Straight
Line/Reducing
Balance|Straight
Line/Reducing
Balance|Straight
Line/Reducing
Balance|Straight
Line/Reducing
Balance| |---|---|---|---|---| |||||| ||-|-|-|-| ||-|-|-|-| ## **9.4 Revaluation** 19 LT700004 ## **(cont)** **Total £** - - - - - - **Total £** - - - - - - - - - 20 LT700004 ## **Notes to the accounts** ## **Note 10 Investment assets** ## **10.1 Fixed assets investments** **----- Start of picture text -----**
£
Carrying (market) value at beginning of year 542,867
Add: additions to investments at cost 48,240
Less: disposals at carrying value - 51,241
Add/(deduct): net gain/(loss) on revaluation 165,300
Carrying (market) value at end of year 705,166
Analysis of investments 10.2
Market value
at year end
£
Investment properties -
Investments listed on a recognised stock exchange or held in common 705,166
investment funds, open ended investment companies, unit trusts or other
collective investment schemes
Investments in subsidiary or connected undertakings and companies -
Securities not listed on a recognised Stock Exchange -
Cash held as part of the investment portfolio _
Other investments -
Total 705,166
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## **10.4 Material investment holdings** **Material Investments (more than 5 per cent of the value of the charity’s total investments** ,Lloyds BankingGP 9.25%, ,Impax enviromental,Schr **Investment held** Vectors .'301483,223975,112950,66757 **Market Value** 21 LT700004 ## **(cont)** **10.3 Income from investments for the year £** - 17,406 - - - 17,406 ## **) were:** roders,Vaneck 22 LT700004 **Notes to the accounts** ## **Note 11 Debtors and prepayments** **Analysis of debtors Trade debtors Gift Aid Prepayments and accrued income** **----- Start of picture text -----**
Amounts falling due Amounts f
within one year after more th
2021 2020 2021
£ £ £
Total
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## **Note 12 Short term investments** _**Analysis of deposits**_ |
**2021**
**2020**
**£**
**£**
**Other deposits**
**Total**
**Note 13 Cash at bank and in hand**
**_Analysis of deposits_**
**2021**
**2020**
**£**
**£**
**Bank current accounts**
£1,290
£ 6,437
**Share centre cash**
£ 13,494 £ 9,088
**Cash in hand**
**Total**
£14,784
£ 15,525|**2021**
**£**|**2020**
**£**|| |---|---|---|---| ||||| ||||| ||||| ||**2021**
**£**|**2020**
**£**|| ||£1,290|£ 6,437|| ||£ 13,494|£ 9,088|| ||||| ||£14,784|£ 15,525|| ## **Note 14 Creditors and accruals** ## **14.1 Analysis of creditors** **Accruals and deferred income Trade creditors Taxation and social security Vat liability** **----- Start of picture text -----**
Amounts falling due Amounts f
within one year after more th
2021 2020
£ £ £
Total
**----- End of picture text -----**
## **14.2 Security over assets** 23 LT700004 ## **(cont)** **falling due han one year 2020 £** **falling due han one year** **----- Start of picture text -----**
£
**----- End of picture text -----**
24 LT700004 ## **Notes to the accounts** ## **Note 15 Endowment and restricted funds** **15.1 Funds held** **The charity held the following funds at the year end** - **permanent endowment funds (PE);** - **expendable endowment funds (EE); and** - **restricted income funds, including special trusts, of the charity (R).** **Type PE, EE Fund Name Purpose and Restrictions or R** ## **15.2 Movements of major funds** **----- Start of picture text -----**
Fund
balances
brought Incoming Outgoing Gains and
forward resources resources Transfers losses
Fund names £ £ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total Funds - - - - -
**----- End of picture text -----**
## **15.3 Transfers between funds** **From Fund (Name) To Fund (Name) Reason** 25 LT700004 ## **(cont)** **Fund balances carried forward £** - - - - - - - ## **Amount** 26 LT700004 ## **Notes to the accounts** ## **Note 16 Transactions with related parties 16.1 Remuneration and benefits** **----- Start of picture text -----**
Amounts paid o
Legal authority (eg order,
Name of trustee or connected party
governing document) 2020/21
£
16.2 Loans
Amount
Name of trustee or
Legal authority 2020/21
connected party
£
Due to trustees and
related parties
Due from trustees and
related parties
16.3 Other transaction(s) with trustees or related parties
2020/2021
Name of the trustee Relationship to Description of the
or related party charity transaction(s) £
**----- End of picture text -----**
27 LT700004 ## **(cont)** **----- Start of picture text -----**
or benefit value
2019/20
£
**----- End of picture text -----**
**----- Start of picture text -----**
t owing
2019/20
£
**----- End of picture text -----**
**----- Start of picture text -----**
2019/20
£
**----- End of picture text -----**
28 LT700004 ## **Notes to the accounts (cont)** ## **Note 17 Additional Disclosures** **The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts.** . 29 LT700004 ## **Independent Examiner's Report to the Trustees of** ## **Pro-seed** I report on the accounts of Pro-seed for the year ended 12[th] January 2021 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the trustees in accordance with Sections 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees for my examination work. ## **Respective responsibilities of Trustees and Examiner** Pro-seed’s trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed. It is my responsibility to: - Examine the accounts (under Section 145 of the Charities Act); - To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145 (5) (b) of the Charities Act); and - To state whether particular matters have come to my attention. ## **Basis of Independent Examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by Pro-seed and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent Examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with Section 130 of the Charities Act ;and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: ....................................................................................................... Qualification: ............................................................................................. Address: .................................................................................................... ................................................................................................................... Date: ......................................................................................................... **LT700006**