2021-03-31-accounts - Newlife The Charity For Disabled Children

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Contents		Page
Trustees Report
Statement of Financial	Activities	36
Charity Balance Sheet		37
Statement of Cashflows		38
Notes to the Accounts		39
Independent Auditor's	Report	50

				20/Z1	19/20
				f	f
Restricted	funds			1,022,644	701,313
Designated		funds		296,442	439,831
Charitable	activity reserve			500,000	500,000
Accumulated		charitable	funds	1,230,409	1,800,859
TotalFunds				3,049,495	3,442,003

statements a	nd all activities are administered nationally from the head office.	nd all activities are administered nationally from the head office.	nd all activities are administered nationally from the head office.	nd all activities are administered nationally from the head office.
The Trustees	consider the board ofTrustees, the Chief Executive and the Commercial
Director as comprising the key management personnel ofthe Charity in charge of
directing and	controlling the	Charity and running and operating the Charity on a		day-to-
day basis. All	Trustees give their time freely and no remuneration is paid to the			Trustees
in their capacity as Trustees.			Details oftrustee expenses and related party transactions
are disclosed	in note 3 ofthe		accounts. Trustees are required to disclose all relevant
interests and	register them	with the Chief Executive and in accordance with the		Charity's
policy withdraw from decisions where a conflict of interest arises. The pay of the
Charity's Chief Executive and			Commercial Director is reviewed periodically. The
remuneration	of all senior and executive positions are bench-marked with grant-making
charities of a	similar size and		activity to ensure that the remuneration set is fair	and not
out of line with that generally			paid for similar roles.
Reference and Administrative Information
NAME:			Newlife the Charity for Disabled Children
STATUS:			Registered with the Charity Commission on 10'"
			November 2018
TRUSTEES:			Life Trustees: Mr B. Lewis, OBE, Mr C. Lewis, Mr	L. Lewis
			and Professor M. Patton.
			Term Trustees: Mr C Chancy, Mr N Lewis, Mrs P	Burnett,
			Mr R Bradbury, Mrs V and Mrs K Griffith
KEY MGMNT	PERSONNEL'		Trustees, Mrs S. Brown, OBE, Chief Executive Officer, Mr
			C. Brown, Commercial Director
REGISTERED ADDRESS:			Newlife Centre, Hemlock Way, Cannock, Staffs,	WSll
			7GF
HEAD OFFICE:			Newlife Centre, Hemlock Way, Cannock, Staffs,	WS11
			7GF
AUDITORS:			BDO LLP, Two Snowhill, Birmingham B4 6GA
LEGAL ADVISORS'			Anthony Collins Solicitors LLP, 134 Edmunds Street,
			Birmingham, B32ES
BANKERS:			Barclays Bank Plc, PO Box90, 357/366 Strand,	London
INVESTMENT MANAGERS:			Barclays Private Bank, 1 Churchill Place, London

			Note	Restricted	Unrestricted	2021Total	2020 Total
				E	E
Income and endowments
Donations and legacies				1,829,365	784,164	2,613,529	1,747,728
Income from Charitable Activity					217,070	217,070
Government Grants					2,371,357	2,371,357	75,829
Other Trading Operations
Fundraising activities				5,492		5,492	57,806
Commercial operations					5,140,241	5,140,241	11,509,107
					0	0
Income from investments					16,600	16,600	18,223
Total income				1,834,857	8,529,432	10,364,289	13,408,693
Expenditure
Expenditure on raising funds
Fundraising					421,312	421,312	520,532
Commercial operations	expenditure				7,715,838	7,715,838	9,406,684
Expenditure on charitable	activities
Life changing equipment,
collaboration, campaigning		and
support				1,818,200	1,109,024	2,927,224	3,122,579
Medical research					77,300	77,300	219,151
Total expenditure				1,818,200	gg323g474	11~141g674	13g268g946
Net (expenditure) / income
before gains and losses	on
investment				16,657	(794,042)	(777,385)	139,747
Net gains / (losses) on investment			8		384,877	384,877	(191,104)
Net income / (expenditure)		for
the period and net movement
in funds				16,657	(409,165)	(392,508)	(51,357)
Reconciliation offunds
Total funds brought forward				701,313	2,740,690	3,442,003	3,493,360
Total funds carried forward				717,970	2,331,525	3,049,495	3,442,003

						Note	Note	2021f	2020f
Fixed assets
Tangible assets								842,288	1,084,997
Investments								3,337,506	3,442,812
								4,179,794	4,527,809
Current assets
Debtors							10	758,384	582,780
Stock								9,817	7,072
Cash at bank and		in	hand					582,746	1,242,374
								1,350,947	1,832,226
Creditors - amounts				falling		due
within 1 year								(2,402,937)	(2,712,614)
Net current liabilities								(1,051,990)	(880,388)
Creditors - amounts			falling due after
1 year								(78,309)	(205,418)
Net assets								3,049,495	3,442,003
Restricted funds							12	717,970	701,313
Unrestricted funds:
Designated	funds						13	296,442	439,831
Charitable	activity reserve						17	500,000	500,000
Accumulated		charitable				funds	18	1,535,083	1,800,859
Total funds								3,049,495	3,442,003
Approved by the Trustees					and authorised		for use on:
								Jan 27,2022
0iive I ewis I2 an	27,	2022	15	07GIRT+1)

					Note	2021f	2020f
Net cash (outflow) / inflow	from	operating	activity		14	(779,017)	95,455
Cash flows from investing activities
Interest received						2,391	7,848
Dividends received						14,209	10,375
Purchase of tangible fixed assets						(415,208)	(698,575)
Sale of tangible fixed assets						27,814	18,016
Net cash (used in) investing	activities					(370,794)	(662,336)
Change in cash and cash equivalents		in the reporting		period		(1,149,811)	(566,881)
Opening cash and cash equivalents						3,474,328	4,041,209
Closing cash and cash equivalents						2,324,517	3,474,328
Represented by:
Cash at bank						582,746	1,242,374
Cash equivalents held in investments						1,741,771	2,231,954
						2,324,517	3,474,328

Motor vehicles		- 25% straight-line	basis
Office equipment,	Fixtures and Fittings	- 10%- 33 /o straight-line		basis
Loan equipment		- 50% straight-line	basis
Leasehold Improvements		- over the life of the	lease

2 Net Expenditure
		2021	2020
Net outgoing resources	after charging:	E	E
Auditors' remuneration	—audit services	24,000	24,000
Depreciation		415,208	415,650
Operating lease rentals		376,813	565,435

Average	number	466	490
		2021	2020
		E	E
Wages	and salaries	5,820,105	6,668,825
Employers NI		394,291	451,279
Pension	contributions	108,623	125,005
Total Emoluments		6,323,019	7,245,109

management personnel r	ecognised in the acco	ecognised in the acco	ecognised in the acco	unts for th	e period wa	s E194,0	03 (2020	f175,885)	f175,885)
The number of employees	whose emoluments			as defined	for taxation	purposes	amounted	to more than
f60,000 in the year, was	as	follows:
							2021		2020
660,000 - 269,999								2	3
f70,000 - f79,999								2	1
f90,000 - f99,999									1
f100,000 —f109,999
The number with retirement		benefits accruing		in
—money purchase schemes		was						5	5
—for which contributions	amounted		to E				17,920		16,465

			Total	Other	Governance	Basis	Total
			Allocated	Support	Related		Allocated
				Costs
			2021	2021	2021		2020
			f.
Cost Type
Staff / management		costs	1,041,673	993,842	47,831	Staff Time	1,261,886
Office rental	and other costs		273,545	254,213	19,332	Staff Time	351,587
Depreciation			59,942	58,817	1,125	Staff Time	42,681
Audit Fee and trustee		related
expenses			24,000		24,000		24,287
			1~399'160	1~306~872	92,288		1,680,441

Governance	Costs	Costs	Costs											2021	2020
														E	E
Audit Fee														24,000	16,355
Trustee Indemnity			Insurance											7,236	7,616
Legal / Professional			fees											1,034	3,482
Staff costs														47,831	47,219
Cost of meetings		/	Other											12,187	6,955
Trustee Expenses															316
														92,288	81,943
The total cost	of support				costs allocated to		charitable		activities		is then apportioned			over different
activities based on			an	estimated		time spent	on	each	area.	All	governance	costs are met from			unrestricted
funds and apportioned				over both		charitable	activity,		and	the	costs of generating			income.
6 Analysis	of		Expenditure
			Staff		Costs	Other			Grant		Support and			Total
									Funding		Governance
											Costs
					2021	2021					2021			2021	2020
							E							E	E
Equipment
Information
and Support				679,537		688,122		1,405,378			154,187		2,927,224		3,122,579
Medical
Research					7,161	29,712			750		39,677			77,300	219,151
Total			686,698			717~834		1~406'128			193~864		3g004~524		3g341~730
Cost of
Generating
Funds				204,978		135,233					81,101			421,312	520,532
Commercial
Activities			4,409,476			2,182,167					1,124,195		7,715,838		9,406,684
Total
Resources			5~30ig152			3~035g234		1~406~128			1~399~160		1ig	141~674	13g268~946
Expended

Tangible	Fixed Assets	Fixed Assets	Leasehold	Loan	Fixtures 8	Motor	Total
			Improvement	Equipment	Equipment	Vehicles
			E			E
Cost
Balance at	31	March 2020	1,813,749	1,116,611	1,225,602	293,814	4,549,776
Additions			2,314	378,619	34,275		415,208
Disposa Is				74,569		50,075	124,644
Balance at	31	March 2021	1~916g063	1~420~661	1~259~877	243g739	4~840g340
Accumulated		Depreciation
Balance at	31	March 2020	1,418,342	933,011	957,518	155,908	3,464,779
Charge for period			189,822	269,270	121,183	57,718	637,993
Disposa Is				72,976		31,744	104,720
Balance at	31	March 2021	1,608,164	1,129,305	1,078,701	181,882	3,998,052
NBV at 31March 2021			307,899	291,356	181,176	61,857	842,288
NBV at 31March 2020			495,407	183,599	268,084	137,906	1,084,997

high int	erest accounts, was E1,260,027 (2020 E1,260,0	27)
		Equity	Total
Balance	at 31 March 2020	1,210,858	1,210,858
Change	in market value	384,877	384,877
Market	Value at 31March 2021	1g595g735	1g595~735
High interest accounts			1,741,771
TOTAL	INVESTMENTS		3,337,506

Financial	assets			2021	2020
				f.	f.
Financial	assets measured	at fair value through	the SOFA	1,595,735	1,210,858
Cash at bank and equivalents				2,324,517	3,474,328
Trade receivables				248,867	157,873
Prepayments and other receivables				509,517	424,907
				4g678g636	5~267~966
Financial	liabilities
Trade payables				518,061	420,474
Accruals	and other creditors			1,963,185	2,497,558
				2I481g246	2I918/032

10	Debtors
					2021	2020
					f.	f.
Prepayments		and	accrued	income	382,733	256,705
Trade	debtors				248,867	157,873
Other	debtors				126,784	168,202
					758g384	582g780

			2021	2020
			f.	f.
Trade Creditors			518,061	420,474
Payroll Creditors			202,222	223,615
Other creditors		5accruals	545,731	587,793
Approved	grants	& 1 year	1,136,923	1,480,732
			2I402g937	2I712~614
Approved	grants	& 1 year	78,309	205,418
			2,481,246	2,918,032

			Balance	Zncoming	Expenditure	Balance
			31March 2020	Resources	&Transfers	31March
						2021
					f.	f.
Noonan	Syndrome		1,355	87	(1,442)
Equipment Grants			192,849	728,465	(772,592)	148,722
Newlife	Emergency	Appeal	14,921	33,025	(40,946)	7,000
Loan Schemes			271,296	24,055	31,359	326,710
Play Therapy Pod		Scheme	215,558	113,022	(143,342)	185,238
COVID-19 appeal				124,927	(76,463)	48,464
Children	in Need			200,000	(200,000)
National	Lottery			599,336	(599,336)
Other			5,334	11,940	15,438	1,836
			701~313	1~834g857	1~818~200	717g970
Prior Year Comparative			Balance	Zncoming	Expenditure	Balance
			31March 2019	Resources	+.Transfers	31March
						2020
				f.		f.
Noonan	Syndrome		876	479		1,355
Equipment Grants			107,288	1,195,453	(1,109,892)	192,849
Newlife	Emergency	Appeal	113,923	134,668	(233,670)	14,921
Loan Schemes			70,560	10,150	190,586	271,296
Play Therapy Pod		Scheme	292,104	100,780	(177,326)	215,558
Other			27,654	340	22,660	5,334
			612~405	1~441g870	1~352~962	701g313

					Balance	New	Utilised /	Balance
					31March		Released	31March
					2020			2021
							f.	f.
Equipment		Grants and		Loans	45,517	30,000	(44,292)	31,225
Other Projects					394,314		(129,097)	265,217
					439,831	30,000	173,389)	296,442
					Balance	New	Utilised /	Balance
					31March		Released	31March
					2019			2020
Research	Grants				135,000		(135,000)
Equipment		Grants and		Loans	527,000	200,000	(681,483)	45,517
Care Services Dept.					782,091		(782,091)
Research	Admin		and Operations		46,568		(46,568)
Campaigns,		Intervention		and Awareness	180,257		(180,257)
0ther Projects					249,620	394,314	(249,620)	394,314
					1,920,536	594,314	2,075,019	439,831

				2021	2020
				f.	f.
Net movement in funds before taxation				(392,508)	(51,357)
Bank interest received				(2,391)	(7,848)
Dividends received				(14,209)	(10,375)
Depreciation				637,993	415,650
Change in value of	investments			(384,877)	191,104
Increase in debtors	and prepayments			(175,604)	(78,339)
(Decreased) / Increase in approved		grants		(470,918)	(283,329)
Increase in creditors	and accruals			34,132	(77,519)
(Profit) on disposal	of fixed assets			(7,890)	(5,800)
Decrease / (Increase) in Stock				(2,745)	3,268
Net cash (outflow) /	inflow from operating		activities	779,017)	95,455

15	Commitments	Commitments	Commitments	Under Operating	Under Operating
							Land	8 Buildings
							2021	2020
							f.	f.
Total	minimum		lease	commitments	under operating	leases
Within		1 year					561,655	469,385
Within		2-5 years					1,918,133	1,209,129
After	5 years						428,608	60,924
							2,908,396	1,739,438

			Designated	Restricted
		Free Reserves	Funds	Funds	Total	Total
		2021	2021	2021	2021	2020
		f.
Fixed Assets		342,288	500,000		842,288	1,084,997
Investments		2,527,280	296,442	513,784	3,337,506	3,442,812
Cash at Bank		378,560		204,186	582,746	1,242,374
Other net current	liabilities	(1,634,736)			(1,634,736)	(2,122,762)
Creditors & 1 year		(78,309)			(78,309)	(205,418)
Total		1,535,083	796,442	717,970	3,049,495	3,442,003