||Page||
|---|---|---|
|Trustees'
Report|1 to|10|
|Report ofthe Independent
Auditors|11 to|14|
|Statement of Financial Activities|15||
|Statement of Financial Position|||
|Statement ofCash Flows|17||
|Notes to the Statement ofCash Flows|18||
|Notes to the Financial Statements|19 to|27|
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|Statement of Financial Activit
for the Year Ended 31August|ies
2021||||
|---|---|---|---|---|
||||2021|2020|
||||Unrestricted|Total|
||||funds|funds|
|||Notes||as restatedI|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies|||7,772||
|Charitable
activities|||||
|Charitable
activities|||800,238|868,176|
|Other trading
activities|||2,111|2,464|
|Investment
income|||5 190|8092|
|Total|||815,311|878,732|
|EXPENDITURE ON|||||
|Raising funds|||2,489|2,748|
|Charitable
activities|||||
|Charitable
activities|||919,583|883,591|
|Total|||922,072|886,339|
|NET INCOME/(EXPENDITURE)|||(106,761)|(7,607)|
|Other recognised
gains/(losses)
Gains on revaiuabon
offixed assets|||~49967|~1841|
|Net movement
in funds|||(56,794)|(5,766)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward|||610,954|616,720|
|TOTAL FUNDS CARRIED FORWARD|||~41|~14|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||funds|funds|
||||||as restated|
||||Notes||6|
|FIXED|ASSETS|||||
|Tangible|assets||14|41,589|49,278|
|Investments|||15|394 0611|347 048|
|||||435,657|396,326|
|CURRENT ASSETS||||||
|Debtors|||16|24,881|22,336|
|Cash at|bank and|in hand||121042|262 1176|
|||||5,923|285,2 2|
|CREDITORS||||||
|Amounts|falling due within one year||17|(27,420)|(70,584)|
|NET CURRENT ASSETS||||118503|214 628|
|TOTAL ASSETS LESSCURRENT LIABILITIES
NET ASSETS||||554,160
~41|610,954
~14|
|FUNDS
Unrestricted
funds
TOTAL FUNDS|||19|554 160
~41
fl|610954
~14|
##
||||2021|2020|
|---|---|---|---|---|
|||||as restated|
|||Notes||I|
|Cash flows from operating|activities||||
|Cash generated
from operabons
Net cash (used in)/provided
by operabng||I
activities|148257
148257|23 743
~23 743|
|Cash flows from investing|activities||||
|Purchase of tangible
fixed assets|||(1,714)|(1,196)|
|Purchase of fixed asset investments|||(66,035)||
|Sale of fixed asset investments|||68,982|2,749|
|Interest received|||76|1,086|
|Share porffolio income|||5 114|7 006|
|Net cash provided
by investing
activities|||6423|9 645|
|Change
in cash and cash|equivalents|in|||
|the reporting
period|||(141,834)|33,388|
|Cash and cash equivalents
beginning
ofthe reporting|at the
period||262 876|~229 488|
|Cash and cash equivalents|at the end|of|||
|the reporting
period|||121042|~262 876|
|RECONCILIATION|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||as restated|
|||||||I|
|Net expenditure
for the reporting|||period (as per the Statement of||||
|Financial Activities)|||||(106,761)|(7,607)|
|Adjustments
for:|||||||
|Depreciation
charges|||||9,403|11,506|
|Interest received|||||(76)|(1,086)|
|Share porffolio income|||||(5,114)|(7,006)|
|Increase
in debtors
(Decrease)/increase
in creditors
Net cash (used In)/provided||by operadons|||(2,545)
~43 164
~148257)|(5,157)
33093
~23 743|
|ANALYSIS OF CHANGES IN||NET FUNDS|||||
||||At 1.9.20I||Cash flowI|At 31.8.21
I|
|Net cash|||||||
|Cash at bank and
in
Total|hand||262
262
2 2|876
876
7|~141834)
~141834)
~141
4)|121042
121042
121 42|
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||||||as restated|
|||||||||I|I|
|Donations||||||||||
|OTHER|TRADING||||ACTIVITIES|||||
|||||||||2021|2020|
||||||||||as restated|
|||||||||I|I|
|Photo/video/book||||commission||||667|2,464|
|Income|from||fund||raising|||1,289||
|Sundry|income|||||||155||
|INVESTMENT INCOME||||||||||
|||||||||2021|2020|
||||||||||as restated|
|||||||||I|I|
|Investment
Bank interest||income
receivable||||||5,114
76
~1|7,006
1 086
~2|
|INCOME FROM||||CHARITABLE ACTIVITIES||||||
|||||||||2021|2020|
|||||||Activity||I|as restatedI|
|EYE funding
Grants|||and|fees||Charitable
Charitable|activities
activities|786,900
13338
~2|772,979
~95 197
~17|
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|RAISING FUNDS|RAISING FUNDS||||||
|---|---|---|---|---|---|---|
|Investment
management||costs|||||
||||||2021|2020|
|||||||as restated|
||||||I|I|
|Management
charges|||||~248|~274|
|CHARITABLE ACTIVITIES||COSTS|||||
||||||Support||
|||||Direct|costs (see||
|Charitable
actfvfbes||||CostsI
~219|note 9)I
~7|Totals
I
~91958|
|SUPPORT COSTS|||||||
|||||||Information|
|Charitable
actfvfbes||||Management
I
~4|FinanceI
~1142|technology
~20
20|
||||||Governance||
|Charitable
actfvfbes||||OtherI
19999|costsI
~4|Totals
I
~78|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)|is|stated after charging/(crediting):|||||
||||||2021|2020|
|||||||as restated|
||||||6||
|Auditors'
remuneration|||||6,540|5,880|
|Depreciation
—owned assets
Other operating
leases|||||9,403
~3686|11,506
~2570|
|TRUSTEES' REMUNERATION|||AND BENEFITS||||
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|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||as restated|
|||||E||
|Wages and salanes||||736,370|710,662|
|Social security costs
Other pension costs||||41,688
~11854|41,899
~9584|
|||||~789912|~762 145|
|The average
monthly|number of employees|during|the year was as follows:|||
|||||2021|2020|
||||||as restated|
|Employees||||49|46|
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
|||Fixtures||
||Property|and||
||improvements|fittings|Totals|
||E|E||
|COST||||
|At 1September
2020|85,675|165,968|251,643|
|Additions
At 31August 2021|~85675|1714
~167682|1 714
~253 357|
|DEPRECIATION||||
|At 1September
2020|37,494|164,871|202,365|
|Charge for year|8567|836|9403|
|At 31August 2021|46 061|165707|211768|
|NET BOOK VALUE
At 31August 2021
At 31August 2020|~39614
~48 181|~1975
~1097|~41589
~49 278|
##
|||||||||||||||||Usted|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||investments|
|||||||||||||||||I|
||MARKET VALUE||||||||||||||||
||At 1September||2020|||||||||||||347,048|
||Addibons|||||||||||||||66,035|
||Dlsposiils|||||||||||||||(75,940)|
||Revaluabons|||||||||||||||56 925|
||At 31August|2021||||||||||||||394068|
||NET BOOK VALUE||||||||||||||||
||At 31August
At 31August|2021
2020||||||||||||||~47|
||The investments|||represent|||holdings
in the||investment||porffolio managed||by Rathbone|Investment|Management.||
||The historical|cost of|||the|above||investments|was|6334,764||(2020: 6315,862).|||||
|16.|DEBTORS: AMOUNTS|||||FALLING DUE WITHIN ONE YEAR|||||||||||
||||||||||||||||2021|2020|
|||||||||||||||||as restated|
||||||||||||||||6||
||Trade debtors||||||||||||||24,881|9,054|
||Other debtors
Prepayments|and||accrued|||income|||||||||7,536
~5746|
||||||||||||||||24 81|22 332i|
|17.|CREDITORS:||AMOUNTS||||FALLING DUE||WITHIN||ONE|YEAR|||||
||||||||||||||||2021|2020|
|||||||||||||||||as restated|
||||||||||||||||6||
||Trade creditors||||||||||||||4,394|1,730|
||Social security||and other|||taxes|||||||||9,056|8,545|
||Other creditors
Accruals and deferred||||income||||||||||6,950
7020|17,215
~43 094|
|||||||||||||||~27 420||~705 4|
|18.|LEASING AGREEMENTS||||||||||||||||
||Minimum
lease||payments||||under|non-cancellable||operating||leases fall due|as follows:||||
||||||||||||||||2021|2020|
|||||||||||||||||as restated|
||||||||||||||||6||
||Within one year||||||||||||||1,571|3,179|
||Between one|and||five|years|||||||||~1571||1 571
~4750|
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|MOVEMENT|IN FUND|S|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.9.20|in funds|funds|31.8.21|
||||I|6|6|1'|
|Unrestricted|funds||||||
|Genera
I fund
Designated
fund|||262,954
348 000
610954|(104,272)
~47478
~56794)|(34,590)
34 590|124,092
430 068
~554 160|
|TOTAL FUNDS|||||||
|Net movement|in funds,|included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resourcesI|expendedI|lossesI|in fundsI|
|Unrestricted|funds||||||
|Genera
I fund
Designated
fund
TOTAL FUNDS|||815,311
~815311
~815311|(919,583)
~2%I9
~922 072)
~922072)|~49 967
~49967
~49 967|(104,272)
~47 478
~56 794)
~56794)|
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|Compar|atlves|for movement
In funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.9.19|in funds|31.8.20|
||||6|6||
|Unrestricted||funds||||
|General|fund||268,720|(5,766)|262,954|
|Designated
fund
TOTAL FUNDS|||348000
616720
1 72|~5766)
~7)|348 000
610954
~1|
##
|Compar|atwe
n|et movemen|t
in funds,
included
in th|e above are as follo|ws:|||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||E|E|E|E|
|Unrestricted||funds||||||
|Genera|I fund|||878,732|(886,339)|1,841|(5,766)|
|TOTAL|FUNDS|||~878 732|~886339)|~1841|~5766)|
|A current year||12 months|and prior year 12 months|combined
position|Is as follows:|||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.9.19|in funds|funds|31.8.21|
|||||E|E|E|E|
|Unrestricted||funds||||||
|Genera
I fund
Designated
fund
TOTAL FUNDS||||268,720
348 000
616720
~616720|(110,038)
~4747S
~62 560)
~62 560)|(34,590)
34 590|124,092
430 068
554 160
~554 160|
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||E|E|E|E|
|Unrestricted
funds|||||
|Genera
I fund
Designated
fund
TOTAL FUNDS|1,694,043
1 694 043
~1|(1,805,922)
~2489
~1808411)
~1411)|1,841
~49967
51808
~1|(110,038)
~47 478
~62 560)
~2)|
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