| Trust~ Annual Fbport |
|
|---|---|
| Independent Examiner's Report |
|
| 8atement of Rnancial Activities |
|
| Kmmary Income and Expenditure |
Axount |
| Balance Neet | |
| Batement of Cash flows | |
| Notes tothe Accounts | |
| Detailed Batement of Rnancial Activities |
| XPERl IMPACi Ratement of Rnancial Activities orthe year ended 31May 2021 |
|||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | Total funds | |
| 2021 | 2021 | 2020 | |
| F | |||
| income and endowments | |||
| from: Donations and legacies Other trading activities |
270,005 6,500 |
270,005 6,500 |
250,001 |
| Total | 276,505 | 276,505 | 250,001 |
| Expenditure on: Other |
202,587 | 202,587 | 224,481 |
| Total | 202,587 | 202,587 | 224,481 |
| Net gainson investments | |||
| Net income | 73,918 | 73,918 | 25,520 |
| Transfers between funds | |||
| 73,918 | 73,918 | 25,520 | |
| Other gainsand laces | |||
| Net movement in funds |
73,918 | 25,520 | |
| Fhconciliation offunds: | |||
| Total funds brought forward |
97„678 | 97,678 | 72,158 |
| Total fundscarried forward |
171,596 | 171,596 | 97,678 |
| Income | 276,505 | 250,001 | |
|---|---|---|---|
| Gross income forthe year | 276,505 | 250,001 | |
| Expenditure | 201,880 | 224,108 | |
| Depreciation impairment |
and charges for offixed assets |
?07 | 373 |
| Total expenditure forthe year |
202,587 | 224,481 | |
| Net income | before tax forthe year | 73,918 | 25,520 |
| Net inoome | for the year | 73,918 |
| Gash flowsfrom operating activities Net income per Ratement ofRnancial Activities |
73,918 | 25,520 |
|---|---|---|
| Adjustmentsfor: Depreciation of property, plant and equipment Increase in trade and other payables |
707 765 |
373 5,314 |
| Net cash providedby operating activities |
75,390 | |
| Chsh flowsfrom investing activities |
||
| Payments for property, plant and equipment |
{1,694) | |
| Net cash used in investing activities | (1,694) | |
| Net cash from finandng activities | ||
| Net increas: in cash and cash equivalents | 73,696 | 30,769 |
| Qmh and cash equivalentsat the beginning ofthe year |
102,342 | |
| Cfish and cash equivalents at the end of the year |
176,038 | 30,769 |
| Cbmponentsof cash and cash equivalents Cash and bank balance |
176,038 | 102,342 |
| 176,038 | 102,342 |
| ERt IMPACI' esto the Aixounts |
|||
|---|---|---|---|
| Income Fhcognit ion of income |
Income isinduded in the Batement of l=inancial Activities(RFA) becomes entitled to, and virtually certain to receive, the income |
when the charity and the amount |
of |
| the income can be measured with sufficient reliability. |
|||
| Income with related | Where income has related expenditure the income and related |
expenditure is |
|
| expenditure | reported gross in the RFA. | ||
| Donations and | Voluntary income received by way of grants, donations and gifts isinduded in the |
||
| legacies | the RFA when receivable and only when the Charity has unconditional | ||
| entitlement tothe income. |
|||
| Taxredaimson | Income from tax redaimsis induded in the RFA at the same time asthe |
||
| donations and gifts | gift/donation to which it relates. |
||
| Donated ssrvices | These are only induded in income (with an equivalent amount |
in expenditure) | |
| and fadll'ties | where the benefit to the Charity is reasonably quantifiable, measurable and |
||
| material. | |||
| Volunteer help |
The value of any volunteer help received isnot induded inthe |
accounts | |
| Investment income |
This isinduded in the accounts when receivable. |
||
| Gains/(losses) on |
This indudes any gain or loss resulting from revaluing investments to market value |
||
| revaluation offixed |
at the end of the year. | ||
| assets | |||
| Gains/(losses) on |
This indudes any gain or losson the sale of investments | ||
| investment assets |
|||
| E'xpendlture Ftcognition of expenditure |
Expenditure isrecognised on an aocruals basis. Expenditure indudes any VATwhich cannot befully recovered, and isreported aspart ofthe expenditure to which it |
||
| relates | |||
| Expenditure on |
These comprise the costs associated with attracting voluntary |
income, fundraising | |
| raising funds | trading casts and investment management costs |
||
| Expenditure on charitable activities |
These comprise the costsincurredby the Charity in the delivery of itsactivities and services in the furtherance of itsobjects, induding the making ofgrants and |
||
| governance costs. |
|||
| Grants payable | All grant expenditure isaccnunted for on an actual paid basis grantsthat have been approved by the trusteesat the end of |
plus an accrual for the year but not yet |
|
| paid. | |||
| These indude those costs associated with meeting the constitutional and statutory |
|||
| requirements ofthe Charity, induding any audit/independent examination fees, costs linked to the strategic management ofthe Charity, together with ashare of |
|||
| other administration costs |
|||
| Other expenditure | These are support costsnot allocated toaparticular activity. |
| BIPERfIMPACf Notesto the Auuunts 3 Ratement of Rnancial Activities- prior year |
||
|---|---|---|
| Unrestricted | ||
| funds | Total funds | |
| 2020 | 2020 | |
| income and endowmentsfrom Donations and legacies |
250,001 | 250,001 |
| Total | 250,00 I | 250,001 |
| Expenditure on: | ||
| Other | 224481 | 224481 |
| Total | 224,481 | 224,481 |
| 25520 | 25520 | |
| Net Income before other | 25,520 | 25,520 |
| yine'(l~ | ||
| Other gains and losaeL. | ||
| Net fAoverASAt ln funds |
25,520 | 25,520 |
| Reconciliation offunda Total fUndsbrought forward |
72,158 | 72,158 |
| Total funds carried forward | 97,678 |
| Unrestricted | Total | Total |
|---|---|---|
| 2021 | 2021 | 2020 |
| R | ||
| 270,005 | 270,005 | 250,001 |
| 270,005 | 270,005 | 250,001 |
| Unrestricted | Total |
|---|---|
| 2021 | 202 I |
| 6,500 | 6,500 |
| 6,500 |
| Unrestricted | ||||
|---|---|---|---|---|
| 2021 | ||||
| R | ||||
| Employee costs Motor and travel costs |
126,565 35 |
126,565 35 |
123,921 8,834 |
|
| Premises costs | 2,126 | 2,126 | 5,060 | |
| Amort isation, depreciation, impairment, profit/loss on |
707 | 707 | 373 | |
| disposal of fixed assets General administrative |
costs | 52,701 | 52,701 | 79,266 |
| ~ and professional | costs | 20,453 202,587 |
20,453 202,587 |
7,027 224,481 |
| Net irgome before transfers | 2021 | 2020 | ||
| This isstated after charging: Depreciation of owned fixed assets |
707 | 373 | ||
| ctaff costs | ||||
| Rlaries and wages Rcial security costs Ansion costs |
79,303 38,530 6,147 |
111,0l2 9,350 2,789 |
||
| 133,151 |
| At 1Ane 2020 At 31 May 2021 |
11,424 11,424 |
11,424 11,424 |
|---|---|---|
| Amortisation and |
||
| Impairment At 1tue 2020 At 31May 2021 |
11,424 11,424 |
11,424 11,424 |
| Net book values | ||
| At 31 May 2021 | ||
| At 31 May 2020 |
| 0 Tangible fixed assets | ||||
|---|---|---|---|---|
| Plant and | Rxturesand | Computer | Total | |
| machinery | fittings | equipment | ||
| Goat or revaluation At 1Ane 2020 Additions |
392 | 1,662 | 1,349 1,694 |
3,403 1,694 |
| At 31May 2021 | 1,662 | 5,097 | ||
| Depreciation and |
||||
| impairment At 1tune 2020 |
282 | 1,159 | ||
| Depreciation charge for the |
609 | 707 | ||
| year At 31 May 2021 |
310 | 1,382 | 3,460 | |
| Net book values | ||||
| At 31 May 2021 At 31 May 2020 |
110 | 1,275 190 |
1,637 | |
| Oeditora | ||||
| amounts falling due within one year | ||||
| 2021 | ||||
| Trade creditors Other taxes and social security Other creditors Accruals and deferred income |
200 1,403 2,887 1,589 6,079 |
2,123 1,751 1,440 5,314 |
||
| 12 Movement in funds |
||||
| incoming | ||||
| Fhaouroes | At 31May | |||
| (induding other | expended | 2021 | ||
| gainsrl~ | ||||
| E | ||||
| Restricted funda | ||||
| Unrestricted funda General funds |
97,678 | 276,505 | (202,587) | 171,596 |
| Fhvaluation Ressrvea |
||||
| 97,678 | 276,505 | {202,587) | 171,596 |
| Ri"iMPACi" s tothe Aaxents Anaiysisof net assets between funds |
||
|---|---|---|
| Unrestricted | Total | |
| funds | ||
| Rxed assets | 1,637 | 1,637 |
| Net current assets | 169,959 | 169,959 |
| 171,596 | 171,596 |
| Fhoonciliation ofnet debt |
||||
|---|---|---|---|---|
| At 31INay | ||||
| At | 1Ane 2020 | Chsh flows | 2021 | |
| Cash and cash equivalents | 102,342 102,342 |
73,%6 73,696 |
176,038 176,038 |
|
| Net debt | 73,696 | 176,038 | ||
| 2021 | ||||
| E | ||||
| The pension cost charge tothe company amounted to: |
6,147 | 2,789 |
| Ia ERriiIIIPACr etailed 8:aternent of Rnancial orthe year ended 31May 2021 |
Activities |
|||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| 2021 | 2021 | 2020 | ||
| income and endowmentsfrom: | ||||
| Income and endowments from: |
||||
| Donations and legacies | 270,005 270,005 |
270,005 270,005 |
250,001 250,001 |
|
| Other trading activities | 6,500 | 6,500 | ||
| Total income and endowments | 276,505 | 276,505 | 250,001 | |
| Eqenditure on: | ||||
| Employee costs Rlariest'wages Employer's NIC Fusion costs Bafftraining |
79,303 38,530 6,147 2,585 126,565 |
79,303 38,530 6,147 2,585 126,565 |
111,012 9,350 2,789 770 123,921 |
|
| Motor and travel costs | ||||
| Travel and subsistence | 35 | 8,834 | ||
| Premises costs Font Other premises costs |
2,126 2,126 |
2,126 2,126 |
3,937 1,123 |
|
| General administrative costs, |
including | |||
| depreciation and amortisation Depreciation of Rant and machinery Depreciation of Fixtures and fittings Depreciation of Cbmputer equipment Bank charges General insurances Information and publications Sbftware, ITsupport and related costs Bationery and printing Rbscriptions Kndry expenses Telephone, fax and broadband |
28 70 609 554 175 31,956 12,952 107 5,421 1,536 |
28 70 609 554 175 31,956 12,952 107 5,421 1,536 |
318 555 176 72,133 3,535 1,770 310 787 79,639 |
|
| Legal and professional costs Axountancy and bookkeeping Cbnsultancy fees Other legal and professional costs |
1,590 18,643 220 20,453 |
1,590 18,643 220 |
1,466 5,561 7,027 |
| Total | ofexpenditure | ofother costs |
|---|---|---|
| Tot,al | expenditure | |
| Net | gainson investments |
| 202,587 | 202,587 | 224,481 |
|---|---|---|
| 202,587 | 202,587 | 224,481 |
| 73,918 | 73,918 | 25,520 |
| 73,918 | 73,918 | 25,520 |
| 25,520 | ||
| 97,678 | 97,678 | 72,158 |
| 171,596 | 171,596 | 97,678 |