**Charity registration number 1156133**
## **THE MISSING KIND**
**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **THE MISSING KIND**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr H Callacher|
|---|---|
||Ms M Sorrell|
||Ms P Jones|
|**Charity number**|1156133|
|**Principal address**|Heath Priory|
||Staithe Road,|
||Hickling,|
||Norwich|
||England|
||NR12 0YJ|
## **THE MISSING KIND**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Statement of Trustees' responsibilities|6|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the financial statements|10 - 15|
## **THE MISSING KIND**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The Trustees present their annual report together with the financial statements for the year 1 January 2021 to 31 December 2021. The trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to the charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
## **1. Structure, Governance and Management**
## **Trustees**
Hugh Callacher, Margaret Sorrell Pauline Jones continued to serve the charity during the whole reporting period in 2021.
## **Statement of Trustees’ Responsibilities**
Trustees acknowledge that they have executed their duties with due regard to the commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. Recording also that there is no conflict of interest with any of our trustees. Albeit the Founder Hugh Callacher has been the sole sponsor of the company from the proceeds of his company Visiongroup(GB) Ltd.
The trustees (who are also directors of The Missing Kind for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of 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: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities FRS 102 SORP: make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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 and the Charities Act 2011.
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
- 1 -
## **THE MISSING KIND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **2. Organisational Structure and Decision Making**
Day-to-day management of the charity was carried out by staff and contractors who have specific roles and tasks to perform, as designated by trustees. Responsibilities are delegated via job descriptions and contractual terms, as well as through specific task requests. All management staff/contractors report to the trustee board. Tom Gaskin of Pop Up Enterprises CIC (an independent VCS organisation) was contracted to oversee operations at our venue in Norwich (KindaKafe). The charity’s administration support is facilitated through KindaPlace in Devon before transferring to Heath Priory, Staithe Road, Hickling, NR12 0YJ
General matters are reported for decision-making to Hugh Callacher, chair of the Trustee board for a course of action, proposal or addition to the next trustee meeting agenda. The board roles are transient and reviewed on an annual basis.
Primary roles:
Hugh Callacher, Chair, Governance, Finance, Kindness Missions, Overseas Margaret Sorrel, HR Paulina Jones, Social impact
Trustee meetings are held every 4 months, with interim meetings as required, following an agreed agenda template which covers all aspects needing oversight by trustees. Interim matters are conducted by electronic consensus or meetings. The last of the year representing the AGM reviewing past and future.
Financial and other update reports, as well as Risk, Governance, trading and other developments, are reported to these meetings. Staff and contractors are given a budget to work within and financial limits for spending on specific items of expenditure. All budgets and financial limits for spending are signed off by trustees at the end of each year in readiness for the following year, with a secondary process of approval for spends over £500. All new projects, services and activities are agreed by trustees before commencement
## **Management and staffing**
Trustees volunteer their time to the charity and receive no remuneration, other than the offer of reasonable expenses incurred in performing their duties, none was taken for this year. The charity aims to remain employee free, preferring to engage other organisations or self-employed workers in specific projects and activities and to concentrate available funds on delivering social impact initiatives by facilitation with subsidised or free use of our venues, the donation of time from our trustees and the funding of passionate individuals through Kindness Missions.
As at the end of this 2021 accounting period, the charity had one service contract with Pop Up Enterprises CIC, a VCS organisation who provide a General Manager to manage the charity’s Norwich venue (KindaKafe). This was terminated during this year when a lease agreement was set up for the property taken by Pop-up, thereafter operating independent of ’The Missing Kind’, paying favored rent of its use
## **Arrangements for Setting pay scales**
The charity has a Staff Remuneration Policy that applies to setting pay for all staff and contractors. Essentially, all remuneration for new and existing staff and contractors is agreed by the trustee board, becoming redundant with the new policy on staff employment
## **The Appointment and Induction of Trustees**
The charity has a Trustee Information and Recruitment pack that gives applicant trustees information about the charity and its expectations of trustees, encouraging research into its history and the Charities Commission. The charity has an inclusive trustee application process, including an application form and references, and advertises on trustee recruitment websites and locally. The charity is open continually to new trustees joining its board but would cease recruiting for trustees should it reach a point where it is felt the board consists of the right balance of skills and personalities to manage the charity and drive it forward.
After assessment of the application form, candidates are invited to a trustee meeting for existing trustees to meet with them and assess their suitability for joining the board. Appointment offer then made after unanimous acceptance by all current Trustees. Once appointed, new trustees would be introduced to the network of venues, meet with staff, key contractors and/or volunteers to find out more about the day to day activities and projects of the charity. They would also be made aware of their general trustee responsibilities and the governance procedures of the charity. If a trustee has specific responsibility for a particular area of the charity’s work, they would be expected to familiarise themselves with the relevant activities and procedures, as well as the staff, contractors and volunteers performing tasks within that area of responsibility.
- 2 -
## **THE MISSING KIND**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **3. Objectives and Strategies**
Like most charities across the country, the C-19 pandemic caused continued with significant disruption to our operations resulting in staff and contractors furloughed and the temporary closure of our community venues resulted. This is reflected in the charity’s revised objectives and strategies for 2021 which focussed on the reduction of venue building and staff liabilities:
• With the challenges of Trustee recruitment, Covid and an uncertain future, Trustees voted to simplify operations, removing all properties at the appropriate time from the port folio and return the donations given for the purpose of these acquisitions, less any gains which would be retained by ’The Missing Kind’ . The KindaPlace retained for another year to honor any social commitment.
• Disposal of Oby Mill, which had proved to be White Elephant and a Public Liability Risk was completed at auction, the proceeds of which received from auction yielded a gain of the charity after the return to Visiongroup(GB) Ltd of the original donation received for the purpose of this acquisition
• Disposal too of KindaVillage Farm in Pencader, Wales. Was completed. Realising the purchase price, returning the loan value of the development costs back to Sponsor Visiongroup(GB),
• Continuing to provide grant funding to for Kindness Missions at a local, national and international level, with an increased activity approved for South Africa where the Founder had relocated and the charity had previously been active. Proceeding cautiously until the future risks were more certain. Anticipating an increase in cash reserve for an increase in overseas activity which the Founder Hugh Callacher would monitor directly
• Trustees agreed to research and source a multi cultural agricultural back2roots eco farm and communiversity train centre in South Africa , specializing in Community Building accreditations. Based at the Swellendam farm owned by the charity. The option to transfer title to a local charitable trust is under consideration for 2022
• Visiongroup(GB) continued as the main funding support for ’The Missing Kind’ during 2021 and projected same for 2022, although such funding would diminish with the projected decreased income.
In order to deliver our objectives, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.
## **4. Achievements and Performance**
2021 was another very challenging year for the charity due to the Covid-19 pandemic. Trading activities at our venues KindaKafe and KindaPlace continued to decrease, safeguarded by ownership with no rentals to pay we survived. However stability increased sufficiently for Pop Up Enterprises CIC to agree to lease the venue with an option to buy.
Key challenges:
• covid-19 pandemic remained uncertain
• property values were uncertain and utility prices escalating
• Local social service contracts were uncertain
• KindaPlace in Devon transitioned into a community support venue, supplying accommodation to the homeless and vulnerable. Referrals were made by Social Services and paid for by the local council which provided a sustainable, alternative income stream to the demising tourism market
• Reduction in donations as sponsor profits diminished
## **KindaKafe (KK1), Norwich**
KindaKafe is a community hub, owned by the charity, which focuses on building community and reducing loneliness and social isolation in Norwich. It is managed by social enterprise Pop Up Enterprises CIC on the basis of a service agreement with the charity.
At the beginning of the year KindaKafe was continuing to operate as a community cafe and experienced a good first quarter, meeting targets for its traded activities and growing its social impact with a range of volunteer-led peer support groups and activities available including:
- 3 -
## **THE MISSING KIND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
KindaKafe also supported the following community outreach activities in early 2020:
• Chatty Bus - an initiative which helped to bring people together on the bus, build conversations, friendships and communities. Anyone with a Chatty Bus badge was offered a free hot drink and the chance to continue their conversations in the cafe
• Love Light Festival - Aviva volunteers invited people who wanted to attend a local festival but did not want to go alone to meet at KindaKafe so they could enjoy the experience together Towards the end of the year KindaKafe acted as a donation point for a Christmas hamper appeal, which saw hampers distributed to homeless people and others in need in the run up to Christmas.
## **KindaPlace(KP), Paignton**
KindaPlace is owned by the charity and operated by KindaPlace Ltd, a social enterprise in which the charity is sole shareholder. The Trustees agreed to honor the existing service agreements before considering disposal and options which protects the positions of the staff and community service
KindaPlace supported the local community during a very difficult year. Offering a safe and non judgemental environment where guests felt respected, the KindaPlace team were able to see guests grow in confidence, selfesteem and independence and subsequently thrive. Many guests remained in recovery due to the stability they found at KindaPlace.
Summary of individuals and families who received services:
- 1420 people attended support groups
- 62 vulnerable individuals given accommodation
- 18 Care givers given longer term accommodation
- 19 homeless families accommodated, including pets
- 6 social businesses created
KindaPlace also continued to facilitate vital community support in accordance with Covid-secure requirements.
• Andy Man’s Club - a weekly Men’s mental health group
- Women’s Wellbeing group
- Healthscape mental health peer to peer support group for 16+
## **Kindness Missions**
Despite the pandemic and a shorter period of operation, the charity has continued to provide grants for a range of kindness missions, supporting passionate individuals deliver their projects, Total value of Kindness Mission s for the year is £27,211
The charity made donations to other charitable causes to the value of £278,184
## **5. Future Plans**
Trustees will focus on continuing to support dedicated individuals and organisations globally with grants for Kindness Missions, with a focus in 2021 on planet conservation. We remain focused also to continue our mission of developing the global KindaCommunity network with a focus in South Africa.
In 2021, the year of the ‘COP26’ Climate Change Conference, the charity wishes to dedicate resources to planet care and global warming threats, reviewing ESG of all venues and developing existing relationships within South Africa, uplifting the most impoverished settlements. To achieve this objective we will seek to form partnerships with community builders and organisations within the organic agricultural sector.
The charity had made provision for the worst possible outcome from the Kindakafe printer scam and the out of court settlement ensured continuity of charity and relief for the trustees. Trustees chose not to pursue Tom Gaskin of Pop Up for incompetence but instead nurtured that relationship based on the overall track record of good competence.
- 4 -
## **THE MISSING KIND**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **6. Related Parties and Other Connected Charities and Organisations**
The charity declares its connections as follows:-
• VisionGroup (GB) Ltd is a key financial sponsor for the charity. Hugh Callacher is sole Director and shareholder of VisionGroup and founder trustee of the charity.
• KindaPlace Ltd., previously Preston Sands Ltd, is a company limited by shares, owned by the charity. Hugh Callacher is a Director.
• KindaVillage Ltd is a social enterprise, limited by guarantee, and provides the operational management of the charity’s farm property in KindaVillage, Ceredigion, Wales. KindaVillage Ltd’s profits will be used to sustain KindaVillage’s social enterprises and its charitable activities. Hugh Callacher is a Director of KindaVillage Ltd and founder trustee of the charity.
• Pop Up Enterprises CIC is a social enterprise company which provides operational services to the charity in its Norwich venue.
## **7. Principle Risks and Uncertainties**
The charity has a Risk Management Policy under which its trustees, staff and contractors operate. Risk is an agenda item for the quarterly trustee meetings. Changes to existing risks and any new risks are reported by relevant management staff and contractors to the board at board meetings, or earlier if urgent and if the Risk Management Policy dictates.
The trustees have identified major risks to which the charity is exposed, and identified actions and procedures to mitigate those risks. The principal risks facing the charity being:
• Loss of funding; hence overheads and liabilities have been substantially reduced in the year, resetting the safety net reserve to 24 months
• Pandemic extension/return; Employment costs and high risk property overheads removed, others to be completed in 2022
It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
All risks are managed within the framework of the charity’s organisational structure and governance procedures; with relevant staff, contractors and trustees being made aware of any new, or increased existing, risk at an early stage.
Risk is assessed when embarking on any new activity or project. Property and Liability insurance is purchased by the charity to mitigate risk.
## **8. Disclosure of information to auditors**
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
• so far as that Trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware, and
• the Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.
This report was approved by the Trustees, on 30th September 2021
and signed on their behalf by:
Mr H Callacher
- 5 -
## **THE MISSING KIND**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales 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 and of the incoming resources and application of resources of the for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 6 -
## **THE MISSING KIND**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE MISSING KIND**
I report to the Trustees on my examination of the financial statements of The Missing Kind (the ) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the Trustees of the you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the ’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Dated: .........................
- 7 -
## **THE MISSING KIND**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**|**Total**
**Unrestricted**
**Restricted**|**Total**
**Unrestricted**
**Restricted**|**Total**
**Unrestricted**
**Restricted**|**Total**
**2020**
**£**
7,661
114,130
121,791
156,417|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2021**|**2021**|**2021**|**2020**|**2020**||
||**£**|**£**|**£**|**£**|**£**||
|**Income from:**|||||||
|Donations and legacies
**2**|45|-|45|3,841|3,820||
|Charitable activities
**3**|71,393|-|71,393|114,130|-||
||||||||
|**Total income**|71,438|-|71,438|117,971|3,820||
|**Expenditure on:**|||||||
|Charitable activities
**4**|651,110|6,588|657,698|148,667|7,750||
|**Net expenditure for the year/**
**Net movement in funds**
Fund balances at 1 January
2021|||||||
||(579,672)|(6,588)|(586,260)|(30,696)|(3,930)|(34,626)|
|||||||2,135,439
2,100,813|
||1,306,968|793,845|2,100,813|1,337,664|797,775||
|**Fund balances at 31**
**December 2021**|||||||
||851,296|787,257|1,638,553|1,306,968|793,845||
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 8 -
## **THE MISSING KIND**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2021**_
|**Notes**|**2021**|**2021**|**2020**|**2020**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
||||||
|**Fixed assets**|||||
|Tangible assets
**7**
Investment properties
**8**
Investments
**9**
**Current assets**|39,434
653,258
692,692
3,302|228,015
721,148
-
949,163
689,390
1,638,553
787,257
851,296
1,638,553|1,065
83,649
84,714
5,138|297,529|
|||||721,148|
|||||1,002,560|
||||||
||||||
|||||2,021,237|
||||||
|Debtors
**10**|||||
|Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**|||||
|Other creditors
**11**|||||
||||||
|Net current assets||||79,576|
|**Total assets less current liabilities**|||||
||||||
|||||2,100,813|
||||||
||||||
|**Income funds**|||||
|Restricted funds||||793,845|
|Unrestricted funds||||1,306,968|
||||||
||||||
|||||2,100,813|
The financial statements were approved by the Trustees on .........................
|..............................|..............................|
|---|---|
|Mr H Callacher|Ms M Sorrell|
|**Trustee**|**Trustee**|
- 9 -
## **THE MISSING KIND**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the 's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
## **1.2 Income**
Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
- 10 -
## **THE MISSING KIND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.4 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
|Freehold land and buildings|- 2% straight line|
|---|---|
|Plant and equipment|- 25% reducing balance|
|Fixtures and fittings|- 15% reducing balance|
|Computers|- 15% reducing balance|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.5 Investment properties**
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
[Property rented to a group entity is accounted for as tangible fixed assets]
## **1.6 Impairment of fixed assets**
At each reporting end date, the reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.7 Taxation**
The charity is exempt from corporation tax on its charitable activites
- **2 Donations and legacies**
|**Unrestricted**
Unrestricted
Restricted
**funds**
funds
funds
**2021**
2020
2020
**£**
£
£|**Unrestricted**
Unrestricted
Restricted
**funds**
funds
funds
**2021**
2020
2020
**£**
£
£|**Unrestricted**
Unrestricted
Restricted
**funds**
funds
funds
**2021**
2020
2020
**£**
£
£|**Unrestricted**
Unrestricted
Restricted
**funds**
funds
funds
**2021**
2020
2020
**£**
£
£|Total|
|---|---|---|---|---|
||**funds**|funds|funds||
||||||
||**2021**|2020|2020|2020|
||**£**|£|£|£|
||||||
|Donations from corporation sponsors|-|2,307|-|2,307|
|Donations from individuals|45|1,534|3,820|5,354|
||||||
||||||
||45|3,841|3,820|7,661|
- 11 -
## **THE MISSING KIND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **3 Charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**Income**|**Income**|
||**2021**|**2020**|
||**£**|**£**|
|Rent receivable|43,657|26,011|
|Café|60|11,364|
|Tours income|255|33,431|
|Coronavirus job retention scheme grant|2,364|15,324|
|Other Coronavirus funding|25,057|28,000|
||71,393|114,130|
- 12 -
## **THE MISSING KIND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **4 Charitable activities**
|**Charitable**
**Expenditure**
**Heading 1**
**Charitable**
**Expenditure**
**Heading 1**
**2021**
**2020**
**£**
**£**|**Charitable**
**Expenditure**
**Heading 1**
**Charitable**
**Expenditure**
**Heading 1**
**2021**
**2020**
**£**
**£**|**Charitable**
**Expenditure**
**Heading 1**
**Charitable**
**Expenditure**
**Heading 1**
**2021**
**2020**
**£**
**£**|
|---|---|---|
|||**2020**|
|||**£**|
||||
|Depreciation
10,693||13,189|
|Profit and loss on disposal
(134,601)||-|
|Wages|5,159|32,592|
|Rates and utilities|407|2,751|
|Audit and accountancy fees|1,650|2,017|
|Café|741|3,141|
|Supportable charitable activities|13,814|45,193|
|Postage and stationery|64|1,478|
|Advertising|30|3,353|
|Telecommunications|559|1,217|
|Tours costs|545|9,146|
|Donations|305,395|42,340|
|Roof Repairs|23,397|-|
|Professional fees|44,070|-|
|Donations repaid|261,775|-|
|Research and development costs|124,000|-|
|**Analysis by fund**|||
||||
||657,698|156,417|
||||
||||
||657,698|156,417|
||||
||||
|Unrestricted funds|651,110|148,667|
|Restricted funds|6,588|7,750|
||||
||||
||657,698|156,417|
## **5 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the during the year.
## **6 Employees**
The average monthly number of employees during the year was:
|**2021**|**2020**|
|---|---|
|**Number**|**Number**|
|-|4|
There were no employees whose annual remuneration was more than £60,000.
- 13 -
## **THE MISSING KIND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**7**
**Tangible fixed assets**|**7**
**Tangible fixed assets**||||**Total**
**£**
359,672|
|---|---|---|---|---|---|
|**Freehold land**
**and buildings**
**£**
**Cost**
At 1 January 2021
273,834
Disposals
(66,834)
At 31 December 2021
207,000
**Depreciation and impairment**
At 1 January 2021
21,578
Depreciation charged in the year
3,869
Eliminated in respect of disposals
(8,014)
At 31 December 2021
17,433
**Carrying amount**
At 31 December 2021
189,567
At 31 December 2020
252,256||**Plant and**
**equipment**
**Fixtures and**
**fittings**||**Computers**||
|||||||
||**£**|**£**|**£**|**£**||
|||||||
||273,834|2,500|81,633|1,705||
||(66,834)|-|-|-|(66,834)|
||||||292,838
62,144
10,693|
||207,000|2,500|81,633|1,705||
|||||||
||21,578|2,167|37,715|684||
||3,869|83|6,588|153||
||(8,014)|-|-|-|(8,014)|
|||||||
||17,433|2,250|44,303|837||
|||||||
|||||||
||189,567|250|37,330|868||
|||||||
||252,256|333|43,918|1,022||
|||||||
|**8**
**Investment property**||||||
|**Fair value**
At 1 January 2021 and 31 December 2021||||||
|||||||
|||||||
|||||||
|**9**
**Fixed asset investments**||||||
|**Cost or valuation**
At 1 January 2021 & 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020
Other investments comprise:
Investments in subsidiaries||||||
|||||||
|||||||
|||||||
|||||||
|||||||
|||||||
|||||||
|||**Notes**||||
|||||**2021**||
|||||**£**||
|||||||
|||||-||
- 14 -
## **THE MISSING KIND**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**10**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**10**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**10**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income||||||
|---|---|---|---|---|---|---|---|
|||||||**2021**|**2020**|
|||||||**£**|**£**|
|||||||||
|||||||38,983|651|
|||||||451|414|
|||||||||
|||||||||
|||||||39,434|1,065|
|||||||||
|||||||||
|**11**
**Other creditors falling due within one year**||||||||
|Trade creditors
Accruals and deferred income||||||**2021**|**2020**|
|||||||**£**|**£**|
|||||||||
|||||||1,651|3,409|
|||||||1,651|1,729|
|||||||||
|||||||||
|||||||3,302|5,138|
|||||||||
|||||||||
|**12**
**Analysis of net assets between funds**||||||||
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 31
December 2021 are
represented by:
Tangible assets
-
228,015
Investment properties
-
787,257
Investments
-
-
Current assets/(liabilities)
689,390
-
689,390
1,015,272|||**Total**
Unrestricted
funds|||Restricted
funds|Total|
|||||||||
||**2021**|**2021**|**2021**|2020||2020|2020|
||**£**|**£**|**£**|£||£|£|
|||||||||
||-|228,015|228,015|-||297,529|297,529|
||-|787,257|721,148|-||793,845|721,148|
||-|-|-|1,002,560||-|1,002,560|
||689,390|-|689,390|79,576||-|79,576|
|||||||||
|||||||||
||689,390|1,015,272|1,638,553|1,082,136||1,091,374|2,100,813|
- 15 -