OpenCharities

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2022-03-31-accounts

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2022 2021
note f f f
Fixed assets
Tangible assets 15 658,734 670,826
Investments 16 12,733,520 11,355,507
Mixed motive investments 17 607,619 607,619
13,999,873 12I633,952
Current assets
Debtors 18 18,810 79,145
Cash at bank and in hand 864,289 1,428,230
883,099 1,507,375
Liabilities
Creditors: amounts
due within one
year		 19 (96,563) (177,101)
Net current assets 786,537 1,330,274
Total net assets 14,786,410 13,964,226
The funds ofthe charity 23
Endowment funds
General 10,427,385 10,385,148
Revaluation reserve 3,262,642 2,627,168
13,690,027 13,012,316
Restricted income funds 1,014,041 948,551
Unrestricted funds 82,343 3,359
14,786,410 13,964,226

2022 2021
6 6
Cash flows from operatIng activities:
Net cash provided
by/(used
in) operating		 activities (note I) (87,144) 435,493
Cash flows from Investing
activities:
Dividends,
Interest and rents from investments		 288,311 255,102
Purchase of property
plant and equipment		 (8,360) (4,579)
Proceeds from sale ofinvestments 0 399
Purchase ofinvestments (756,749) 0
Net cash provided
by (used in) Investing		 activities (476,798) 250,922
Change
in cash and cash equivalents		 In the reporting period (563,942) 686,415
Cash and cash equivalents
at beginning		 ofthe reporting period 1,428,230 741,815
Cash and cash equivalents
at end ofthe reporting		 period (note il) 864,289 1,428,230
Note
I
Net Income/ (expenditure)
for the reporting		 period 822,184 2,883,640
(as per the Statement ofFinancial Activities)
AdJustment
for:
Depreciation 20,453 18,757
(Gains)/Losses
on investments		 (621,266) (2,276,471)
Dividends,
interest and rents from Investments		 (288,311) (255,102)
(Increase)/decrease
in debtors		 60,335 139,643
Increase/(decrease)
in creditors		 (80,538) (74,973)
Net cash provided
by (used in) operating		 activities (87,143) 435,494
Note ii
Analysis ofcash and cash equIvalents
Cash in hand 864,289 1,428,230
864,289 1,428,230
Page 19of32

Income from donations
and legacies
2022 2021
E f
Donations 4,041,272 2,756,061
Other grants
Membership 7,396 3,555
4,048,668 2,759,616

Income from charitab le
activities
2022 2021
E 6
Performance related grants 355,927 299,509
Lettings 13,372 11,635
Management fees 27,000 41,000
396,299 352,144

4. Income from other trading
2022 2021
f f
Rent 46,833 37,864
Fundraising 22,139 30
Sponsorship 0
68,972 37,894
5. Income from Investments
2022 2021
E f
Listed Investments —within the UK 287,826 254,605
Bank interest 485 497
288,311 255,102
6. Expenditure on raising funds
2022 2021
f f
Direct costs 6,480 4,689
Support costs 127,294 114,766
133,774 119,455

Activity or Project Activity or Project Direct Grant Grants Support Total
Current Year Activity Institutions Individuals Costs 2022
f f f f
Grants programme (note 9) 3,783,978 66,114 290,910 4,141,001
HCF Training IE Development 177,347 39,325 216,672
Rowlandson Sponsorship 6,550 6,550
Crowdfunder 103,500 103,500
287,397 3,823,303 66,114 290,910 4,467,723
Direct Grant Grants Support Total
Prior Year Activity
f		 Institutions
f		 Individuals
f		 Costs
f		 2021
f
Grants programme (note 9) 2,182,829 29,953 226,855 2,439,637
HCF Training S.Development 97,203 24,715 121,918
Rowlandson Sponsorship 8,577 8,577
Crowdfunder 108,000 108,000
213,780 2,207,544 29,953 226,855 2,678,132
Support Costs
2022 2021
f f
Support
Staff Costs 264,793 223,950
Premises 34,886 22,188
Office costs 39,478 22,244
Depreciation 20,453 18,757
Other 27,083 16,362
386,693 303,501

Support Costs (continued) Support Costs (continued) Support Costs (continued) Support Costs (continued) 2022
f		 2021
f
Governance
Staff costs 19,283 23,977
Trustee expenses 20
Audit fees 11,000 10,360
Professional and legal fees 0 2,609
Trustee indemnity insurance 1,209 1,175
Other
31,512 38,121
Total 418,204 341,622
Allocated to activities: based on staff time
Raising funds 127,295 114,767
Charitable
Activities		 290,909 226,855
418,204 341,622
Grant making
Grants to Grants to Total
Current Year institutions Individuals 2022
f f
Fairness 2,534,285 66,114 2,600,399
Housing 4,844 4,844
Safety 99,246 99,246
Healthy
Living		 109,273 109,273
Strong Communities 648,492 648,492
HCF Training gk Development 237,539 237,539
Environment 22,447 22,447
Emergency
Coronavirus		 Response 127,852 127,852
3,783,978 66,114 3,850,092

Prior Year Grants to Grants to Grants to Total
institutions IndivIduals 2021
E f f
Fairness 288,222 29,953 318,175
Housing 3,372 3,372
Safety 20,730 20,730
Healthy
Living		 492,347 492,347
Strong Communities 73,998 73,998
HCF Training &Development 24,715 24,715
Environment 4000 4,000
Emergency Coronavirus Response 1,300,160 1,300,160
2,207,544 29,953 2,237,497
Net income for the year
This is stated after charging/(crediting):
2022 2021
f f
Depreciation 20,453 18,757
Auditors'
remuneration		 (excluding VAT)
Audit 9,167 8,633
Other services
Analysis of staff costs, trustee remuneration and expenses, and the cost of key management
personnel
Staff costs were as follows:
2022 2021
f f
Salaries and wages 303,653 258,102
Social security costs 21,564 17,332
Employer's
contribution		 to defined contribution pension schemes 24,234 20,718
349,451 296,152

2022 2021
No: No:
Raising funds 2.6 2.1
Charitable Activities 6.5 5.0
Support 2.8 2,8
Governance 1.1 1,1
13.0 11.0

Freehold Computer Furniture & Total
land & equipment equipment
buildings
f
Cost
At beginning ofyear 874,666 44,092 83,303 1,002,061
Additions . 0 8,360 0 8,360
Disposals 0
At end ofyear 874,666 52,452 83,303 1,010,421
Depreciation
At beginning ofyear 213,652 41,966 75,616 331,234
Charge for the year 15,500 2,296 2,657 20,453
Disposals 0
0
At end ofyear 229,152 44,262 78,273 351,687
Net book value
At beginning ofyear 661,013 2,126 7,687 670,826
At end ofyear 645,513 8,190.31 5,030 658,733

Listed Investments 2022 2021
f f
Fair value at the start ofthe year 11,355,505 9,079,433
Additions
at cost		 743,170
Disposal proceeds (7,409) (399)
Net gain/(loss)
on change		 in fair value 636,650 2,276,471
Costs Charged (15,822)
Equalisation (1,802)
Cash invested 757,187
Cash re-invested (733,959)
Fair value at end ofthe year 12,733,520 11,355,505

vestments (continued)
ric cost at the end ofthe year 9,470,878 8,728,337
2022 2021
Listed investments
all held within the UK comprise:		 f
Rathbone Unit Trust Management 8,288,403 7,271,873
COIF Charities
Investment
Fund		 4,443,164 4,082,740
Cash held by brokers for re-investment 1,953 894
12,733,520 11,355,507

Mixed m otive investments
2022 2021
f f
Freehold land and buildings
Cost at start ofthe year 607,619 607,619
Additions
Cost at end ofthe year 607,619 607,619

Debtors
2022 2021
f f
Trade debtors 8,892 39,274
Other debtors 0 3,771
Prepayments 4,204 6,350
Accrued
income		 5,714 29,750
18,810 79,145

Creditors: amounts
falling due within one ye		 ar
2022 2021
f f
Trade creditors 3504 587
Other creditors 3,605
Accruals 34,553 120,759

Deferred
Income		 Deferred
Income		 (note 20) (note 20) 58,506 52,150
96,563 177,101
20.Deferred income
2022 2021
f f
Balance at the beginning ofthe year 52,150 91,755
Amount
released		 to income in the year (102,324) (112,978)
Amount
deferred		 in the year 108,680 73,373
Balance at the end ofthe year 58,506 52,150
21.Analysis ofnet assets between funds
Current Year Unrestricted Restricted Endowment Total
2022
f f f f
Tangible fixed assets 13221 645,513 658,734
Investments 12,733,520 12,733,520
Mixed motive investments 607,619 607,619
Net current assets 69,122 1,014,041 (296,626) 786,537
Net assets at the end ofthe year 82,343 1,014,041 13,690,026 14,786,410
Unrestricted Restricted Endowment Total
Prior Year 2021
f f f f
Tangible fixed assets 9,813 661,013 670,826
Investments 11,355,507 11,355,507
Mixed motive investments 607,619 607,619
Net current assets (6,454) 948,551 388,177 1,330,274
Net assets at the end ofthe year 3,359 948,551 13,012,316 13,964,226
22.Operating lease commitments
The charity's total future minimum lease payments under non-cancellable operating leases are as
follows for each ofthe following periods:
2022 2021
f f
Less than one year 743 555
1-5years 744 2,045
1,487 2,600

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