2021-03-31-accounts - The Human Milk Foundation

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lndependentExaminer'sreport	t
Trustees'report	2
Balancesheet	8
Statementoffinancial activities	9
Notesto theFinancialStatements	10
Supplemental Financiallnformation	74

Note		2021. 2020
Fixed Assets		42,346tL,429
Cunentassets
Debtors		24,83533,995
BankAccounts		775,21847,461
VATrecoverable		9,9504,372
Prepaidrent		30,050
Total currentassets		180,05385,828
Currentliabilities
Accountspayable Director'sLoanaccount Chair ofTrustees'Loan	4 4	(5,4o7l,(2,2951 0(11,364) (8,926) o
Totalcunentliabilities	--lCpO-]rs"6sei
Currentassetslesscurrentliabilities		t65,72L72,t69
Netassets		208,06783,598
Equity
Unrestricted funds		69,03283,598
Restrictedfunds Designated Funds		L27,035 0 12,000 0
Total funds		208,067g3,5gg

				2027		2020
		Unrestricted	RestrictedTotal Total
		ffEE
			(Note7)		0
lncomingresources					0
					0
Voluntaryincome lncomefromSales Grants &otherincome		t79,0il Lt2,1L0 L,4L6		0 0 777,700	Ll9,0il LLz,tl0 179,116	7!8,042 106,420 10,853
					0
Total incoming resources		232,590		777,700	4LO,290	235,315
					0
Resourcesexpended					0
					0
Costofsales Total EmploymentCosts Otheradministrativeexpenses	8 9 10	33,108 t41,739 60,309		25,764 11,500 t3,NL	58,873 153,239 73,710	52,090 86,292 41,186
Grants madetotheHeartsMilkBank					0	0
					0
Tota! resourcesexpended		235,L56		50,665	285,821	179,568
					0
Netmovementin funds		(2,566)		727,035	124,469	55,747
Prioryearadjustment					0	(1s7)
Total funds broughtfonrrrard		83,598			83,598	28,009
Totalfunds carrledfonrard		81,032		t27,035	208,067	83,599
		Unrestricted	Restricted Total		Total
		ff		t
TotalFunds
Balancebroughtforward		83,598		0	83,598	28,009
Surplus/(Deficit) fortheyear		(2,566)		t27,O35	L24,469	55,74t
Prior yearadjustment						(
		,032
Total fundsat3lMarch		f81,032f727,035			208,067	f93,598

2	FixedAssets	FORTHE YEAR ENDED31MARCH2021	FORTHE YEAR ENDED31MARCH2021	FORTHE YEAR ENDED31MARCH2021
		ComputerLeaseholdMotor Plant& EouipmentlmorovementsVehicles MachinervTota!
		a
Cost AtlApril2020 Additions Disposals At3lMarch2021		1,650 0 1,928 4,855 000(1,821)(1,821) 3,588 4,865	0 2,700 2,7N	11,86513,526 26,95736,450 37,00248,155
Depreciation AtlApril2020 Chargefor theyear Adjustmenton disposals At31March2021		295007,8122,@7 658 20 0000 943 20	490 490	2,5443,712 4,3565,809
NetBookValueat	31March2021	2,&5 4,U5	2,210	34@642,346
NetBookValueat	31March2020	L,375	0	10,054LL,429

Debtors
Amounts	fallingduewithinoneyear:	2021	2020
		€
Accounts	receivablefromNHSHospitals	24,835	33,720

Voluntarylncome
	2021	2020
Donations	108,2\8	tL2,552
ciftAid	845	490

RestrictedFunds
		g.
BalanceatlApril2020		NIL
Grants &Otherlncome			L77,7@
Total RestrictedFunds Received			L77,7@
Operatingexpenditure outofrestrictedfunds:-
CostofSales	25,7il
EmploymentCosts	11,500
Otheradministrativeexpenses	t3,NL
			(50,655)
Balance at3lMarch2021			L27,035

CostofSales
	Restricted	Unrestricted
	Funds	Funds	Total		Total
	2021	202L		202L		2020
PathologyCosts	20,365	16,509		36,874		32,508
DirectExpenses		599		998		19,582

Totalemploymentcosts
	Restricted	Unrestricted
	Funds	Funds	Total		Total
	202L	202t		zo2t		2020
					€
Grosssalaries	11,500	729,087		140,587		82,L39
Employernationalinsurance	0	7,93L		7,93t		L,gg2
Employer pensioncontributions	0	72t		721		161

	RestrictedUnrestricted	RestrictedUnrestricted
	FundsFunds		Total		Total
	2021	2021		2A2t		2020
Advertisingand Marketing	0	L,104		L,TM		1,888
Cleaning	0	t,9!2		t,912		2,039
ConsultingFees	0	5,150		5,150
Depreciation	422	3,294		3,7L2		1,940
lnsurance	0	76,964		76,gil		6,707
lTsoftware& consumables	4,U0	9,266		14,106		3,159
Postage &courier	0	2,87L		2,871		2,39!
Rent	7,1.53	7,609		1,4,763		10,030
Subscriptions	986	3,310		4,296		t,u5
Telephone &internet	0	2,M6		2,446		2,061
Costofsponsored events	0	0		0		875
Travel costs	0	1,653		L,653		1,051
Writeoffinter-company	0	0		0		2,711
balancefromHeartsMilkBank
Othergeneralexpenses

For the yearended 31Marc	h2021
	ilearts
	MilkBank Total
lncome
Grants - extsrnal Grants received-internal OtherRevenue-nongrant Sales	51,100.00'126,600.00177,700.O0 16,6s0.00(16,650.00)0.00 1.116.39300.001,416.39 112J1000 0.00112j10.00
TotalTurnover	180,976.39 {10,250.00291,226.39
DirectE<penses l%thology	36,874.30 0.0036,874.30
Other OrectExpenses	19,592.29 2,406,0621,998.35
Total Direct E<penses	56,466.59 2,406.0658,872,65
GrossSurplur	124,509.80107,843.94232,353.74
Admini$rativeCosils
Advertis ing &ltrlarketing Audit&Accountancy fees Cleaning Consulting Depreciation Expense Entertainnent -0%	726.17377.531,103.70 0.00 308.27308,27 1,582.0032S.861,911.86 3,475.001,675.005,150,00 3,075.78636.583,712.36 0.00 4u.55 484.55
EnlerlainnBnt-I00% business	0.00 868.60868.60
GeneralExpenses	1,621.61113.091,734.70
lnsurance	10,858.196,105.5516,963.74
ll'Software and Consunnbles lrotorVehicleApenses	8,683.365,423.1314,106.49 954.02 0.00 954.02
Pensions Costs Foslage,Freight & Courier Printing &Stationery Rent Repairs & lvlaintenance	3,294.031,426.954,720.98 2,365.85505.502,871.35 85.56 47.48 133.04 1',t,687.75 3,075.0014,762.75 0.00 213,00213.00
Salaries StaffTraining Subscriplions Telephone &hternet Travel-National EnployerNlContributions	89,201.1351,385.78140,586.91 36.75 0.00 36.75 3,201.331,094.484,295.81 2,446.00 0.002,446.00 1,622.96 30.15 1,653.11 4,477.893,453,607,931.49
TotalAdminiitrativo Co!ts	149,395.3877,551.10226,919.48
OperatlngSurplus/(Deficit)	(24,885.58)30,289.8rf5,404.26
Other lncome
Donations Donations w ithgiftaid Gift Aid	0.0087.798.8287,798.82 0.0020,419.'.t120,419.11 0.0010,845.3310,845.33
fotalOthcr lncome	0.00119,063.26r19,063,26