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|Contents|Page|
|Trustees'
Annual
Report||
|Auditor's
Report|13|
|Statement
of Financial Activities|16|
|Balance Sheet|17|
|Cash Flow Statement|18|
|Notes to the Financial Statements|19|
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|isted below are risks ide|isted below are risks ide|ntified
with hi|g|h residua|l
r|isks after existing controls|isks after existing controls|and agreed mitigations.|
|---|---|---|---|---|---|---|---|---|
|Risk Details||Im act||||Existin
Controls||Miti
ation|
|Lifelites lacking||Mission
drift||||Simple 8 high impact||Refresh Vision,|
|strategic direction I||Reputational||damage||charitable
objectives||Mission 8 Values|
|no written|strategic|Conflict between|||||||
|plan||strategy
/ operations||||Well defined||Create Strategic Plan|
|||Loss offunding||||operational|calendar of||
|||||||activities to|deliver|Establish
working|
|||||||||groups 8 action plan to|
|||||||||deliver strategic|
|||||||||priorities|
|Loss of key||Strategic &|operational|||Appropriate|notice|Board/SLT skills audit|
|personnel|Ipoor|disruption||||periods for senior staff|||
|succession|planning|Short-term|increase||in|||Refresh Trustee|
|||expenditure||||Supervision|&|Recruitment
Policy|
|||Staff cover|/|burnout||Performance|||
|||Failure to deliver||||Development|Reviews|Refresh sub-committee|
|||objectives||||||Terms of Reference|
|||Low morale||||Shared responsibilities|||
|||Loss ofclear||||at Board Level||Establish succession|
|||leadership||||(committees|etc.)|plan for leadership|
|||||||||roles|
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||||||||||Need to consider|Need to consider|Need to consider|Need to consider|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||succession|planning||||Develop strategic|plan||
||||||||||for Chair, FPRC Chair|||||with defined objectives|||
||||||||||8 Treasurer|||||and continuity
planning|||
|Sole trader||- See IT|||Failure to deliver||||3-year contract|||covers||Establish
contract|||
|Work - gives notice|||||services||||eventualities||and|||review process|||
|or unavailable|||for||Reputational||damage||responsibilities|||for|||||
|protractred||period|||Service quality reduced
Loss of income||||cover|||||Negotiate
new contract
from 2024|||
||||||||||Maintained|close|||||||
||||||||||contact and|good|||||||
||||||||||relationship||||||||
||||||||||Lifelites 'owns' hospice||||||||
||||||||||relationships||||||||
||||||||||Service contract||||||||
||||||||||specification||in|place if|||||
||||||||||replacement||required||||||
|Donor IHospice|||||Service disruption||||System
held||on|||Review database|||
|database|breakdown||||Funding|relationships|||Lifelites servers|||||needs|||
|Iunsuitable||database|||damaged||||||||||||
|for strategic|||||Data protection|||breach|Some internal|||||Consider consulation|||
|development|||||Loss ofdata||||database
knowledge|||||for upgrade Icloud-|||
||||||High expenditure|||to||||||based CRM system|||
||||||resolve||||||||||||
|||||||||||||||Consider integration|||
|||||||||||||||with new website|||
|||||||||||||||Develop automated|||
|||||||||||||||stakeholder|||
|||||||||||||||engagement
plans||in-|
|||||||||||||||built to new CRM|||
|Loss ofincome||||due|Loss of income||||Emotive 8 unique|||||Rebranding
8 digital|||
|to competition,||||lack|Failure to deliver||||cause|||||campaign
in|||
|of public awareness|||||strategic|objectives||||||||development|||
|etc|||||Loss of relevance||||Case studies||articulate||||||
||||||||||impact|||||New website|||
||||||||||Strong relationships|||||Marketing
&|||
||||||||||with existing|||||communications|plan||
||||||||||supporters||||||||
|Income dependency|||||Longer-term||||Monthly
income|||||Fundraising
Strategy|||
|on Freemasonry||||8|sustainability||||projections|||||development|||
|major partners|||||Service impact||||||||||||
||||||Depleting|reserves|||High prioritisation||||on|Targetted
approach||to|
||||||||||strewardship|||||Freemasonry
8 other|||
|||||||||||||||major partners|||
||||||||||Digital fundraising||||||||
||||||||||development|||||Develop 8 implement|||
|||||||||||||||rebrand
&digital|||
|||||||||||||||fundraisin
strate|||
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|(Including
a|n Incom||e and|Expenditur|e
Account|)|||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Note|Unrestricted|Restricted|The Ted|Total|Total|
|||||||||Gosling|||
|||||||||Endowment|||
|||||||funds|funds|funds|Funds|Funds|
|||||||2022|2022|2022|2022|2021|
|||||||2'000|6'000|E'000|F'000|2'000|
|INCOME|||||||||||
|Donations||||||444|284|250|978|497|
|Investment|income|||||76|0|0|76|77|
|Grant (Furlough)||||||0|0|0|0|60|
|Total income||||||520|284|250|1,054|634|
|EXPENDITURE|||||||||||
|Cost ofgenerating|||funds|||(131)||0|(131)|(147)|
|Investment|management|||costs||(20)||0|(20)|(18)|
|||||||(151)||0|(151)|(165)|
|Charitable|activities|||||(390)|(203)|0|(593)|(479)|
|Total expenditure||||||(541)|(203)|0|(744)|(644)|
|Net gains/(losses)||on investments||||343|||346|763|
|NET MOVEMENT||IN FUNDS||||322||253|656|753|
|Total funds|brought||forward|||4,025|207|0|4,232|3,479|
|Total funds|carried||forward|||4,347|288|253|4,888|4,232|
|BALANCE SHEETas|at 31 March 2022|Note|2022|2021|
|---|---|---|---|---|
||||E'000|E'000|
|FIXEDASSETS|||||
|Tangible asset||6.|8|3|
|Investments||7.|4,504|3,901|
||||4,512|3,904|
|CURRENT ASSETS|||||
|Debtors||8.|76|54|
|Investments||7.|103|104|
|Cash at bank and
in hand|||236|211|
||||415|369|
|CURRENT LIABILITIES|||||
|Creditors
falling due within|one year||(39)|(41)|
|NET CURRENT ASSETS|||376|328|
|Total net assets|||4,888|4,232|
||||4,888|4,232|
|CHARITABLE FUNDS|||||
|Restricted
income funds||10,11|288|207|
|The Ted Gosling
Endowment|Reserves|10,11|253||
|Unrestricted
funds|||||
|Designated
reserves||10,11|2,464|2,579|
|Designated
reserves 25 Anniversary||10,11|1,000|0|
|General reserves||10,11|883|1,446|
|Total charitable
funds|||4,888|4,232|
||CASH FLOW STATEMENT||||YEAR ENDED 31 MARCH 2022|YEAR ENDED 31 MARCH 2022|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||F'000|E'000|
||Operating
Activities||||||
||Net cash provided
by/(used
in) Operating||Activities|A|154|86|
||Cash flows from investing
activities||||||
||Dividends,
interest and rents from investments||||76|77|
||Purchase
oftangible
fixed assets||||(5)|1|
||Proceeds from the sale of investments||||200|200|
||Purchase of investments||||(400)|(100)|
||Net cash provided
by/(used
in) Investing||Activities||129|178|
||Change
in cash and cash equivalents
period|in the reporting|||25|92|
||Cash and cash equivalents
at the beginning
reporting
period||ofthe||211|119|
||Cash and cash equivalents
at the end|of|the||||
||reporting
period||||236|211|
||Notes on the cash flow statement||||||
|A|Reconciliation
of net income/(expenditure)||to net||||
||cash flow from operating
activities||||||
||Net movement
in funds as per the Statement||of||||
||Financial
Activities||||656|753|
||Adjustments
for:||||||
||Dividends,
interest and rents from investments||||(76)|(77)|
||Movements
in investments||||(402)|(821)|
||(Increase)/decrease
in debtors||||(22)|45|
||Increase/(decrease)
in creditors||||(2)|14|
||Net cash provided
by/(used
in) Operating||Activities||154|86|
|B|Analysis ofcash and cash equivalents||||||
||Cash held by investment
managers||||0|0|
||Cash at bank and
in hand||||236|211|
||Total cash and cash equivalents||||236|211|
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|2.|INVESTMENT INCOME|INVESTMENT INCOME|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|Funds|Funds|
||||||||2022|2022|2022|2022|2021|
||||||||E'000|E'000|E'000|f.'000|E'000|
||Income from investment||portfolios||||76|0|0|76|77|
||||||||76|0|0|76|77|
|3.|COST OF GENERATING||FUNDS||||Unrestricted|Restricted|Endowment|Total|Total|
||||||||funds|funds|funds|Funds|Funds|
||||||||E'000|E'000|E'000|E'000|E'000|
||Salaries,
Nl and pension||contributions||||116||0|116|136|
||Printing,
stationery|and advertising|||||12||0|12|11|
||Travel expenses||||||2||0|2|0|
||Staff training,
conferences,|||subscriptions||8||||||
||staff costs||||||||0|1||
||||||||131||0|131|147|
|4.|CHARITABLE ACTIVITIES||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||||funds|funds|funds|Funds|Funds|
||||||||0|0|0|0|0|
||||||||E'000|6'000|E'000|E'000|f.'000|
||Supply of equipment
use by beneficiaries|and|technologies||for||158|189|0|347|231|
||Service support
and training:|||||||||||
||Salaries,
Nl and pension||contributions||||186|14|0|200|225|
||Printing,
stationery,|postage||and telephone|||3|0|0|3|6|
||Travel expenses||||||7|0|0|7|2|
||Professional
fees||||||8|0|0|8|2|
||Staff training,
conferences,|||subscriptions||8||||||
||staff costs||||||2||0|2||
||Sundry expenses
Audit fee||||||19
7||0
0|19
7||
||||||||232|14|0|246|248|
||||||||390|203|0|593|479|
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|5.|STAFF COSTS||2022|2021|
|---|---|---|---|---|
||||E'000|E'000|
||Wages and salaries||261|293|
||Social security costs||27|26|
||Pension
contributions||26|29|
||Employee
benefits||2|2|
||Redundancy||0|11|
||||316|361|
||AVERAGE NUMBER OF STAFF||2022|2021|
||Generating
funds||||
||Charitable
activities||||
||STAFF EARNING|MORE THAN K60,000 (INC. BENEFITS)|2022|2021|
||f70,001 to f80,000||||
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|6.|TANGIBLE FIXEDASSETS|Equipment|8|
|---|---|---|---|
|||Furniture||
|||E'000||
||Cost|||
||Balance at 31 March 2021|||
||Additions|||
||Disposals|||
||Balance at 31 March 2022|||
||Depreciation|||
||Balance at 31 March 2021|||
||Charge for the year|||
||Disposals|||
||Balance at 31 March 2022|||
||Net book value|||
||At 31 March 2022|||
||At 31 March 2021|||
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|7.|INVESTMENTS|INVESTMENTS|INVESTMENTS||2022|2021|
|---|---|---|---|---|---|---|
||||||F'000|E'000|
||Fixed Asset|Investments:|||||
||- Managed|Funds|||||
||MCF CAIF||||4,504|3,901|
||||||4,504|3,901|
||Current Asset||Investments||||
||- RLAM||||103|104|
||||||103|104|
||||||4,607|4,005|
||MOVEMENTS||IN INVESTMENTS||||
||Listed||||||
||Balance at|1 April 2021|||4,005|3,284|
||Additions||||400|100|
||Disposals||||(200)|(200)|
||Investment|income|||76|76|
||Management||fees||(20)|(18)|
||Gains/(losses)||||346|763|
||Balance at 31||March 2022||4,607|4,005|
||RECONCILIATION|||TO SOFA|||
||Gains/(losses)||on listed||||
||investments||||346|763|
||||||346|763|
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|8.|DEBTORS|DEBTORS|||2022|2021|
|---|---|---|---|---|---|---|
||||||E'000|F'000|
||Prepayments||and accrued income||76|54|
||||||76|54|
|9.|CREDITORS||||2022|2021|
||||||F'000|E'000|
||Falling|due within one year|||||
||Amounts|owed to MCF|||12|13|
||Accruals|and|deferred|income|14|16|
||Taxation|and|social security||8|7|
||Other creditors||||5|5|
||||||39|41|
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|||||Money||||
|---|---|---|---|---|---|---|---|
|ASSETS AND LIABILITIES||Fixed|Investments|Market|Current|Current|Fund|
|||Assets||Deposits|Assets|Liabilities|Total|
|||EOOOs|EOOOs|POOOs|EOOOs|EOOOs|EOOOs|
|Restricted|funds|||288||0|288|
|Endowment|Reserves|||||||
|The Ted Gosling
Fund|||253|||0|253|
|Unrestricted|funds|||||||
|Designated|reserves|2,579|(115)|||0|2464|
|Designated|reserves 25|||||||
|Anniversary|||1,000|0|0|0|1,000|
|General reserves|||787|(52)|180|(39)|883|
|Total funds||2,586|1,925|236|180|39|4,888|
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|as exp|lained|on page 10|ofthe Trustee|s report.|||||
|---|---|---|---|---|---|---|---|---|
||||Balance|Income|Expenditure|Gains/|Transfers|Balance|
||||31 March|||(losses)||31 March|
||||2021|||||2022|
||||F'000|F'000|E'000|F'000|E'000|E'000|
|Restricted|Funds||207|284|(203)|||288|
|The Ted Gosling||Fund|0|250||||253|
|Unrestricted|funds:||||||||
|General reserves|||1,446|520|(541)|343|(885)|883|
|Designated|reserves —25||||||||
|Anniversary|||0|0|||1,000|1,000|
|Designated|reserves-||||||||
|Hopsice Support|||2,579|0|||115|2,464|
|Total funds|||4,232|1,054|744|346||4,888|
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