#
##
||||
|---|---|---|
|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|of Charity employees|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|Leases||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||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|
##
##
##
##
##
##
##
##
##
##