#
||Contents||
|---|---|---|
|Report ofthe Trustees||1—9|
|Report ofthe Independent|Auditors|10-13|
|Statement ofFinancial Activities||14-15|
|Balance Sheet||16-17|
|Statement ofCash Flows||18|
|Notes to the Financial Statements||19-40|
##
##
##
##
##
##
##
|To ensure
our practical services work|Our completed
works supported
'a safe hospital|discharge'
in 292|
|---|---|---|
|effectively
to meet the objectives of|instances; and 'prevented
hospital admission'
in|915instances.
On|
|safe hospital discharge and/preventing|average
it took 7 days from
requested
date|to completion
of|
|hospital
admissions.|works.||
|To
provide
a
minor
adaptations
&|We have facilitated
rapid
response,
safety at|home, and
minor|
|small
repairs
service
in both counties|repair schemes for older people
in our boroughs
in partnership||
|in partnership
with
I-lealth
& Social|with the Local Authority,
Health and Social Services. Our practical||
|Services
partners,
providing
effective|services completed
1,583 works totalling E215,599 in value. The||
|health outcomes.|works were completed
in an average of 7 days|and the average|
||age of clients
was 78 years.
Referral
sources|were 44% from|
||Health,
1696 from
Social Services,
and 40% from
our Trusted||
||Assessors.||
|To
ensure
our
services
are
high|The Agency
team
have
managed
to proceed|throughout
with|
|standard,
meet the individual
needs of|installation
referrals
from
all social care services,
carrying
out||
|the older people we serve and support|installs well within the baseline targets, which has been a positive||
|their
independence.
Our
usual|from all the team
in such difficult circumstances.|Technical audits|
|procedure
is we would
monitor
our|have been carried out as guidance
has allowed.|No surveys
sent|
|service impact
through
the customer|out as not to double
handle documents
and equipment.
Working||
|feedback
surveys,
this
has
been|patterns
and transport
has impeded
on delivery|cost as to double|
|reduced
greatly
this year due to the|transport
but the risk has been unquestionable.||
|pandemic.|||
##
##
##
##
##
##
##
##
##
##
##
##
|REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|||
|---|---|---|---|---|---|
|Company|number:||10838311|||
|Charity number:|||1175753|||
|Principal|office:||Unit 7 Roseheyworth|Business Park||
||||Abertillery|||
||||Blaenau Gwent|||
||||NP13 15P|||
|Trustees|||Carol Morgan|Chair||
||||Colin Wallbank|Treasurer||
||||John Mason|||
||||Georgina Jones|||
||||Haydn Trollope|||
||||Robert Hall|Vice chair||
||||Claire Woodland|Resigned 12/8/2020||
||||Elizabeth Thorpe|||
||||Garth Collier|Resigned 12/5/2020||
|Key Management||Personnel|Patricia Jones|Chief Executive Officer to 31March 2021.||
||||Rodney Evans|Acting
Chief Executive|Officer to 31 March 2021|
|||||and Chief Executive Officer from 1April 2021.||
||||Mike l.ock|Senior Technical Officer||
||||Tina Howells|Office/Finance
Manager||
|Auditor:|||Azets Audit Services|||
||||Ty Derw|||
||||Lime Tree Court|||
||||Cardiff Gate Business|Park||
||||Cardiff|||
||||CF23 BAB|||
|Bankers:|||Unity Trust pic|||
||||Nine Brindleyplace,|||
||||Birmingham,|||
||||812HB|||
|Solicitors:|||Geldards|||
||||Dumfries
House,|||
||||Dumfries Place,|||
||||Cardiff,|||
||||CF103ZF|||
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|funds|funds|
||||Note|funds|funds|2021|2020|
|||||f||||
|Income and endowments||from:||||||
|Donations
and legacies|||3|641||641|5,669|
|Charitable
activities|||4|758,667|100,174|858,841|1,061,154|
|Investment
income|||5|1,471||1,471|1,334|
|Other income|||6|6,016||6,016||
|Trading subsidiary
income|||12|17,298||17,298|33,667|
|Totalincome
and endowments||||784,093|100,174|8&4,267|1,101,824|
|Expenditure
on:||||||||
|Charitable
activities|||7|552,335|100,174|652,509|848,174|
|Trading subsidiary's
expenditure|||12|151,910||151,910|199,638|
|Total expenditure||||704,245|100,174|804,419|1,047,812|
|Netincome||||79,848||79,848|54,012|
|Other recognised losses:||||||||
|Actuarial
gains/(losses)|on|defined||||||
|benefit pension schemes|||20|(156,000)||(156,000)|300,000|
|Net movement in funds||||(76,152)||(76,152)|354,012|
|Reconciliation
of Funds||||||||
|Total funds brought
forward|||15,16|378,786||378,786|24,774|
|Totalfunds carried forward|||16,17|302,634||302,634|378,786|
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restdicted|funds|funds|
||||Note|funds|funds|2021|2020|
||||||E|||
|Income and endowments||from:||||||
|Donations
and legacies||||30,319||30,319|72,024|
|Charitable
activities||||834,393|100,174|934,567|1,167,886|
|Investment
income||||1,471||1,471|1,334|
|Other income||||6,016||6,016||
|Totalincome and endowments||||872,199|100,174|972,373|1,241,244|
|Expenditure
on:||||||||
|Charitable
activities||||804,023|100,174|904,197|1,186,388|
|Total expenditure||||804,023|100,174|904,197|1,186,388|
|Net income||||68,176||68,176|54,856|
|Other recognised losses:||||||||
|Actuarial
gains/(losses)|on|defined||||||
|benefit pension schemes|||20|(156,000)||(156,000)|300,000|
|Net movement in funds||||(87,824)||(87,824)|354,856|
|Reconciliation
ofFunds||||||||
|Total funds brought forward|||15,16|378,620||378,620|23,764|
|Totalfunds carried forward|||16,17|290,796||290,796|378,620|
##
|||||||Note|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E||
|Net cash provided
by/(used|in) operating||activities|||19|67,616|(35,723)|
|Cash fiovrs from investing|activities:||||||||
|Dividends,
interest and rents from investments|||||||1,471|1,334|
|Purchase of property
plant|and equipment||||||(14,155)||
|Proceeds on disposal|||||||9,130||
|Net cash used in investing|activities||||||(3,554)|1,334|
|Change in cash and cash equivalents||in the reporting||period|||64,062|(34,389)|
|Cash and cash equivalents|at the beginning||ofthe reporting||period||421,915|456,304|
|Cash and cash equivalents|at the end|ofthe reporting||period||19|485,976|421,915|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestffcted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2021|2020|
|~Grou||E|E|E|E|
|Donations||641||641|5,669|
|||641||641|5,669|
|Charity||||||
|Donations||641||641|5,669|
|Gift aid from Care|&Repair Home|||||
|Maintenance|Services Ltd|29,678||29,678|66,355|
|||30,319||30,319|72,024|
##
|NCOME FRO|M CHARITABLE|ACTIVITIES||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|2021|2020|
|~Grou|||E|E|f|
|Grant income||745,884|100,174|846,058|1,036,264|
|Professional|fees|12,783||12,783|22,848|
|Practical Services|||||2,042|
|||758,667|100,174|858,841|1,061,154|
|Charity||||||
|Grant income||745,884|100,174|846,058|1,036,264|
|Professional|fees|12,783||12,783|22,848|
|Practical Services|||||2,042|
|Management|fees|75,726||75,726|106,732|
|||834,393|100,174|934,567|1,167,886|
##
|NVESTMENT INCOME|||||
|---|---|---|---|---|
||Unrestdcted|Restdcted|Total|Total|
|d
h|funds
E|fundsf|2021
E|2020
f|
|Bank interest|1,471||1,471|1,334|
||1,471||1,471|1,334|
|OTHER INCOME|||||
||Unrestricted|Restncted|Total|Total|
|~Gd
h|funds
E|fundsf|2021
6|2020
f|
|Profit on disposal offixed assets|3,902||3,902||
|Other income|2,114||2,114||
||6,016||6,016||
##
##
##
##
|EXPENDITUR|E ON CHARITABLE|ACTIVITIES|||||
|---|---|---|---|---|---|---|
||||||Total|Total|
|||Direct|Support|Governance|2021|2020|
|~Grou||f|E|E|E|E|
|Audit||||6,900|6,900|6,600|
|Accountancy|services|||2,969|2,969|9,842|
|Bank charges||113|12||125|216|
|Committee|costs||||5|62|
|Depreciation||4,838|537||5,375|7,683|
|Health &safety||5,152|573||5,725|3,192|
|HTW||3,582|||3,582|5,551|
|ILG||50,466|||50,466|147,118|
|Insurance||4,329|||4,329|10,721|
|ITsoftware|&support|7,577|842||8,419|1,947|
|Legal &professional||200|22||222|2,667|
|Materials &|equipment|8|||8|206|
|Motor||94|10||104|2,033|
|Printing,
postage and|||||||
|photocopying||2,358|262||2,620|2,551|
|Rent and rates||17,007|1,890||18,897|20,879|
|RRAP||95,311|||95,311|66,759|
|RRAP Plus||3i122|||3122|5,349|
|SAH||21,746|283||22,029|44,567|
|Staff costs||366,625|40,736||407,361|489,346|
|Subscriptions||259|29||288|378|
|Sundry||292|32||324|1,278|
|Telecommunications||4,790|532||5,322|4,263|
|Training
&conferences||2,412|268||2,680|72|
|Travel||5,693|633||6,326|14,894|
|||595,974|46,661|9,874|652,509|848,174|
##
|EXPENDITU|RE ON CHARITABL|E ACTIVITIES (conti|nued)||||
|---|---|---|---|---|---|---|
||||||Total|Total|
|||Direct|Support|Governance|2021|2020|
|ChaiitE||f|f||f|f|
|Audit||||6,900|6,900|6,600|
|Accountancy|services|||2,969|2,969|9,842|
|Bank charges||113|12||125|216|
|Committee|costs||||5|62|
|Community|safety|||||2,472|
|Depreciation||4,838|537||5,375|7,683|
|Health &safety||5,152|573||5,725|3,192|
|HTW||3,582|||3,582|5,851|
|ILG||52,466|||52,466|148,294|
|Insurance||4,329|||4,329|10,721|
|ITSoftware|&support|7,577|842||8,419|1,947|
|Legal &professional||200|22||222|2,667|
|Materials &|equipment|8|||8|S46|
|Motor||94|10||104|2,033|
|Printing,
postage and|||||||
|photocopying||2,358|262||2,620|2,551|
|Rent and rates||17,007|1,890||18,897|20,879|
|RRAP||258,187|||258,187|222,833|
|RRAP Plus||32,754|||32,754|85,088|
|SAH||78,309|900||79,209|134,866|
|Staff costs||366,625|40,736||407,361|489,346|
|Subscriptions||259|29||288|378|
|Sundry||292|32||324|8,792|
|Telecommunications||4,790|532||5,322|4,263|
|Training &conferences||2,412|268||2,680|72|
|Travel||5,693|633||6,326|14,894|
|||847,045|47,278|9,874|904,197|1,186,388|
##
|2021|2020|
|---|---|
|f|f|
|6,900|5,500|
|2,969|10,942|
|5,376|7,683|
|7,890|8,563|
##
##
|||Total|Total|
|---|---|---|---|
|||2021|2020|
|~Grou||E|E|
|Wages and salaries||411,985|458,623|
|Socialsecurity|costs|29,499|33,071|
|Pension costs||19,272|18,778|
|||460,756|510,472|
|tharitK||||
|Wages and salaries||364,699|397,068|
|Social security|costs|25,711|31,203|
|Pension costs||16,951|16,027|
|||407,361|444,298|
##
##
##
||2021|2020|
|---|---|---|
||No.|No.|
|Group|20|20|
|Charity|17|17|
##
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Office|Computer|Motor||
|~Grou|Equipmentf|equipment
E|vehicles
E|Total
E|
|Cost|||||
|At 1April 2020|420|3,679|21,266|25,365|
|Additions|||14,155|14,155|
|Disposal|||(13,312)|(13,312)|
|At 31March 2021|420|3,679|22,109|26,208|
|Depreciation|||||
|At 1April 2020|391|2,571|9,571|12,533|
|Charge forthe period|29|1,108|6,753|7,890|
|Eliminated
on disposal|||(7,994)|(7,994)|
|At 31March 2021|420|3,679|8,330|12,429|
|Net book value|||||
|At 31March 2021|||13,779|13,779|
|At 31March 2020|29|1,108|11,595|12,732|
|Charity|||||
|Cost|||||
|At 1April 2020|420|1,694|21,266|23,380|
|Disposal|||(13,312)|(13,312)|
|At 31March 2021|420|1,694|7,954|10,068|
|Depreciation|||||
|At 1April 2020|391|1,152|9,573|11,116|
|Charge for the period|29|542|4,804|5,375|
|Release on disposal|||(7,994)|(7,994)|
|At 31March 2021|420|1,694|6,383|8,497|
|Net book value|||||
|At 31March 2021|||1,571|1,571|
|At 31March 2020|29|542|11,593|12,164|
##
##
##
|he results ofthe company for th|e year ended 31March 2021|can be found below:||
|---|---|---|---|
|||2021|2020|
|||E|f|
|PROFIT AND LOSSACCOUNT||||
|Turnover||256,291|371,880|
|Cost ofsales||(149,105)|(195,751)|
|Gross surplus||107,186|176,129|
|Administrative
expenses||(78,531)|(110,620)|
|Other income||12,695||
|Operating
profit||41,350|65,509|
|Statement ofchanges in Equity||||
|Balance brought forward||167|1,013|
|Profit and total comprehensive|income forthe period|41,350|65,509|
|Distributions
to parent charity under gift aid||(29,678|(66,355)|
|Balance carried forward||11,839|167|
|BAlANCE SHEET||||
|Fixed assets:||||
|Tangible assets||12,209|566|
|||12,209|566|
|Current assets:||||
|Stock||5,800|7,660|
|Debtors||1,433|3,323|
|Cash at bank and in hand||25,579|61,627|
|||32,812|72,610|
|Current
liabilities||(33,182)|(73,009)|
|Net current assets/(liabilities)||(370)|(399)|
|Net assets||11,839|167|
|Capital and Reserves:||||
|Profit and loss reserves||11,839|167|
|||11,839|167|
##
##
|DEBTORS|||||
|---|---|---|---|---|
||||Total|Total|
||||2021|2020|
|Garou||||f|
|Trade debtors|||123,286|136,788|
|Other debtors and prepayments|||130,907|115,596|
||||254,193|252,384|
|~Chari|||||
|Trade debtors|||123,286|133,466|
|Other debtors and prepayments|||129,474|115,596|
|Amount due from trading||subsidiary|16,052|49,171|
||||268,812|298,233|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
||||Total|Total|
||||2021|2020|
|~Grou||||E|
|Trade creditors|||91,976|79,919|
|Accruals|||6,900|7,648|
|Deferred income|||22,451|2,660|
|Other creditors|||11,778|3,678|
||||133,105|93,905|
|Charity|||||
|Trade creditors|||79,377|61,907|
|Accruals|||6,900|8,160|
|Deferred income|||22,451||
|Other Creditors|||7,246||
||||115,974|70,067|
##
##
|Deferred|Incorne:-||||
|---|---|---|---|---|
||||Total|Total|
|~Grou|||2021|2020|
||||E|E|
|Brought|forward||2,660|7,185|
|Received/Released||in the year|19,791|(4,525)|
|Amount|due less|than one year|22,451|2,660|
|Charity|||||
|Brought|forward|||6,682|
|Released|in the year||22,451|(6,682)|
|Amount|due less|than one year|22,451||
||FOR T|FOR T|HE YEAR ENDE|D 31MARCH|2021|||
|---|---|---|---|---|---|---|---|
|15.|RESTRICTED FUNDS|||||||
||||As at||||Balance at|
||||1April||||31March|
||~dd
h||2020
f|Income
f|Expenditure
f|Transfers
f|2021f|
||Covid-19 Job Retention|||||||
||Scheme|||20,212|(20,212)|||
||Health
Board -ABUHB Core|||||||
||Revenue|||20,909|(20,909)|||
||Health Through|Warmth||3,582|(3,582)|||
||Managing
Better Service|||40,671|(40,671)|||
||National
Lottery|funding||9,800|(9,800)|||
||UWHA|||5,000|(5,000)|||
|||||100,174|(100,174)|||
|~P||||||||
|---|---|---|---|---|---|---|---|
||||As at||||Balance at|
||||1April||||31March|
|~dd|h||2019
f|Income
f|Expenditure
f|Transfers
f|2020
f|
|Aneurin
Bevan University||||||||
|Health Board||||25,207|(25,207)|||
|Emergency|Care||8,730||(8,730)|||
|Health Board - ABUHB Core||||||||
|Revenue||||20,909|(20,909)|||
|Health Through||Warmth||5,851|(5,851)|||
|Managing|Better Service|||24,303|(24,303)|||
|UWHA||||5,000|(5,000)|||
||||8,730|81,270|(90,000)|||
|||||||Actuarial||
|---|---|---|---|---|---|---|---|
|||||||gains on||
|||||||defined||
|||Balance at||||benefit|Balance at|
|||1April||||pension|31March|
|||2020|Income|Expenditure|Transfers|scheme|2021|
|~Grou||E|E||E|E|E|
|Unrestricted|funds|378,786|784,093|(704,245)||(156,000)|302,634|
|||378,786|784,093|(704,245)|-|(156,000)|302,634|
|Charity||||||||
|Unrestricted|funds|378,620|872,199|(804,023)||(156,000)|290,796|
|||378,620|872,199|(804,023)||(156,000)|290,796|
|||||||Actuarial||
|||||||gains on||
|||||||defined|Balance at|
|||Balance at||||benefit|31March|
|||1April||||pension|2020|
|Garou||2019
f|Income
E|Expenditure
E|Transfers
f|scheme
E||
|Unrestricted|funds|16,044|1,020,554|(957,812)||300,000|378,786|
|||16,044|1,020,554|(957,812)||300,000|378,786|
|Charity||||||||
|Unrestricted|funds|15,034|1,159,974|(1,096,388)||300,000|378,620|
|||15,034|1,159,974|(1,096,388)||300,000|378,620|
##
##
##
|ANALYSIS OF NET A|SSETS BETWEEN FUN|DS|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|«Grou||fundsf|funds
E|2021
f|
|Fixed assets||13,779||13,779|
|Net current assets||612,855||612,855|
|Long term pension|liability|(324,000)||(324,000)|
|||302,634||302,634|
|Charity|||||
|Fixed assets||1,571||1,571|
|Net current assets||613,225||613,225|
|Long term pension|liability|(324,000)||(324,000)|
|||290,796||290,796|
|||Unrestricted|Restricted|Total|
|||funds|funds|2020|
|~Grou||E||f|
|Fixed assets||12,732||12,732|
|Net current assets||541,054||541,054|
|Long term pension|liability|(175,000)||(175,000)|
|||378,786||378,786|
|Charity|||||
|Fixed assets||12,164||12,164|
|Net current assets||541,456||541,456|
|Long term pension|liability|(175,000)||(175,000)|
|||378,620||378,620|
##
##
##
|RECONCILIATION
OF|RECONCILIATION
OF|NET MOVEMENT|NET MOVEMENT|IN|FUNDS TO|FUNDS TO|NET CASH|FLOW|FROM OPERATING|FROM OPERATING|
|---|---|---|---|---|---|---|---|---|---|---|
|ACTIVITIES|||||||||||
|~Grou|||||||||2021|2020|
||||||||||E|E|
|Net income/(expenditure)|||for the reporting|||pediod|(as per the||||
|Statement ofFinancial Activities)|||||||||(76,152)|354,012|
|Adjustments
for:|||||||||||
|Depreciation
charges|||||||||7,890|8,563|
|Dividends,
interest|and rents from investments||||||||(1,471)|(1,334)|
|(Profit)/loss
on disposal|||||||||(3,902)||
|(Increase)/decrease||in stocks|||||||1,860|14,284|
|(Increase)/decrease||in debtors|||||||(1,809)|(70,668)|
|Increase/(decrease)||in creditors|||||||39,200|(580)|
|Increase/(decrease)||in long|term pension||liability||||102,000|(340,000)|
|Net cash provided|by/(used||in) operating||activities||||67,616|(35,723)|
|Analysis of Cash and||Cash|Equivalents||||||||
|Cash in hand|||||||||485,967|421,915|
|Total Cash and Cash||Equivalents|||||||485,967|421,915|
|Ana
sisofchan es|in net funds||||||||||
||||||||At 1March|||At 31March|
||||||||2020||Cash flows|2021|
|||||||||E|E|E|
|Cash at bank and in|hand||||||421,915||64p052|485,967|
##
##
##
##
|KEYASSUMPTIONS|KEYASSUMPTIONS||||
|---|---|---|---|---|
||||31March 2021|31March 2020|
||||96per annum|SSper annum|
|Discount|rate||2.38|2.38|
|Inflation|(RPI)||2.63|2.63|
|Inflation|(CPI)||1.63|1.63|
|Salary Growth|||2.63|2.63|
|Allowance
for commutation
retirement||ofpension for cash at|75%of
maximum|75%of
maximum|
||||allowance|allowance|
##
||31March 2021|31March 2020|
|---|---|---|
||(E000s)|(E000s)|
|Fair value ofplan assets|1,856|1,650|
|Present value ofdefined benefit obligation|2,180|1,872|
|Deficit in plan|(324)|(222)|
|Defined benefit asset (liability) to be recognised|(324)|(222)|
##
##
|||||31March 2021|
|---|---|---|---|---|
|||||(f000s)|
|Defined|benefit obligation at start ofperiod|||1,872|
|Expenses|||||
|Interest|expense||||
|Actuarial|losses (gains) due to scheme|experience||321|
|Actuarial|losses (gains) due to changes|in demographic|assumptions||
|Actuarial|losses (gains) due to changes|in financial assumptions|||
|Benefits|paid and expenses|||(25)|
|Defined|benefit obligation at end ofperiod|||2,180|
##
||31March 2021|
|---|---|
||(EOOOs)|
|FVofplan assets at start ofperiod|1,650|
|Interest Income||
|Experience on plan assets —gain/(loss)|173|
|Contributions
by employer|58|
|Benefits paid and expenses|(25)|
|Fair value ofplan assets at end ofperiod|1,BS6|
|||31March 2021|
|---|---|---|
|||(E000s)|
|Expenses|||
|Net interest expenses|||
|Defined benefit costs recognised|in Statement ofComprehensive||
|Income (SoCI)|||
##
##
|||31March 2020|
|---|---|---|
|||(E000s)|
|Experience on plan assets (excluding amounts
included
in net
interest cost) - gain (loss)||173|
|Experience gains and losses arising on the plan liabilities - gain|(loss)|(321)|
|Effects ofchanges
in the demographic
assumptions
underlying
present value ofthe defined benefit obligation
-gain (loss)|the|(8)|
|Effects ofchanges
in the financial
assumptions
underlying
the|||
|present value ofthe defined benefit obligation - gain (loss)|||
|Total actuarial gains and losses (before restriction
due to some
the surplus
not being recognisable)
-gain (loss)|of|(156)|
|Effects ofchanges
in the amount ofsurplus that is not recoverable|||
|(excluding amounts
included
in net interest cost) - gain (loss)|||
|Total amount
recognised
in Other Comprehensive
Income - gain
(loss)||(156)|
||31March 2021|31March 2020|
|---|---|---|
||(E000s)|(E000s)|
|Absolute
Return|102|86|
|Alternative
Risk Premia|70|115|
|Corporate
Bond Fund|110|94|
|Credit Relative Value|58|45|
|Distressed Opportunities|54|32|
|Emerging
Markets Debt|75|50|
|Fund of Hedge Funds||1|
|Global Equity|296|241|
|High Yield|56||
|Infrastructure|124|123|
|insure nce-Linked Securities|45|51|
|Liability Driven Investment|471|547|
|Liquid credit|22|1|
|Long Lease Property|36|29|
|Net Current Assets|11|7|
|Opportunistic
Credit|51||
|Opportunistic
llliquid Credit|47|40|
|Private Debt|44|33|
|Property|39|36|
|Risk Sharing|68|56|
|Secured Income|77|63|
|Total assets|1,856|1,650|
|Pension
Liability:|||||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||2021|2020f|
|Pension
liability|||||324,000|222,000|
|COMPARATIVE STATEMENT OF FINANCIAL||||ACTIVITIES|||
|||||||Total|
|||||Unrestricted|Restricted|funds|
|~Grou||||funds
f|funds
E|2020f|
|Income and endowments|||from:||||
|Donations
and legacies||||5,669||5,669|
|Charitable
activities||||979,884|81,270|1,061,154|
|Investment
income||||1,334||1,334|
|Trading subsidiary|income|||33,667||33,667|
|Other income|||||||
|Total income and endowments||||1,020,554|81,270|1,101,824|
|Expenditure
on:|||||||
|Charitable
activities||||758,174|90,000|848,174|
|Trading subsidiary's|expenditure|||199,638||199,638|
|Total expenditure||||957,812|90,000|1,047,812|
|Net income||||62,742|(8,730)|54,012|
|Other recognised losses:|||||||
|Actuarial
gains/(losses)||on|defined benefit||||
|pension schemes||||300,000||300,000|
|Net movementin
funds||||362,742|(8,730)|354,012|
|Reconciliation
of Funds|||||||
|Total funds brought|forward|||16,044|8,730|24,774|
|Totalfunds carried|forward|||378,786||378,786|
##
##
||||||Total|
|---|---|---|---|---|---|
||||Unrestricted|Restricted|funds|
|Charity|||funds|funds|2020|
||||E|f|f|
|Income and endowments||from:||||
|Donations
and legacies|||72,024||72,024|
|Charitable
activities|||1,086,616|81,270|1,167,886|
|Investment
income|||1,334||1,334|
|Otherincome||||||
|Totalincome and endowments|||1,159,974|81,270|1,241,244|
|Expenditure
on:||||||
|Charitable
activities|||1,096,388|90,000|1,186,388|
|Total expenditure|||1,096,388|90,000|1,186,388|
|Net income|||63,586|(8,730)|54,856|
|Other recognised losses:||||||
|Actuarial
gains/(losses)|on|defined benefit||||
|pension schemes|||300,000||300,000|
|Net movementin
funds|||363,586|(8,730)|354,856|
|Reconciliation ofFunds||||||
|Total funds brought forward|||15,034|8,730|23,764|
|Totalfunds carried forward|||378,620||378,620|