| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 2 to 7 | ||
| Independent Examiner's |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | 10 | ||
| Statement ofCashflow | |||
| Notes to the Financial | Statements | 12 to 20 | |
| Detailed Statement of | Financial Activities | 21 |
| Unrestricted | Restricted | 31.12.20 | 31.12.19 | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | Total funds | Totalfunds | ||||
| Notes | |||||||
| INCOME | |||||||
| Donations and Legacies |
27,461 | 6,075 | 33,536 | 88,382 | |||
| Investments | 168 | 46,170 | 46,338 | 39,469 | |||
| Total income | 27,629 | 52,245 | 79,874 | 127,851 | |||
| EXPENDITURE | |||||||
| Raising funds | 14,217 | 14,217 | 12,688 | ||||
| Charitable activities |
26,339 | 93,992 | 120,331 | 155,434 | |||
| Total expenditure | 26,339 | 108,209 | 134,548 | 168,122 | |||
| Net (gains) on investments | (179,134) | (179,134) | (252,835) | ||||
| NET INCOME | 1,290 | 123,170 | 124,460 | 212,564 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 85,506 | 2,378,884 | 2,464,390 | 2,251,826 | ||
| TOTAL FUNDS CARRIED FORWARD | 86,796 | 2,502,054 | 2,588,850 | 2,464,390 |
| Unrestricted | Restricted | 31,12.20 | 3!.12.19 | ||
|---|---|---|---|---|---|
| funds | funds | Total funds | Totrdfunds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Investments | 2366,596 | 2,366,596 | 2,199,027 | ||
| CURRENT ASSETS | |||||
| Debtors Cash at bank |
882 87,293 |
146,593 | 882 233 886 |
11,944 273,101 |
|
| 88,175 | 146,593 | 234,768 | 285,045 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
10 | (1,379) | (11,135) | (12,514) | (19,682) |
| NET CURRENT ASSETS | 86,796 | 135,458 | 222,254 | 265,363 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 86,796 | 2,502,054 | 2,588,850 | 2,464,390 | |
| NET ASSETS | ft6,796 | 2502 054 | 2~588 850 | 2,464,590 | |
| FUNDS | |||||
| Unrestricted funds Restricted funds |
86,796 2,502 054 |
85,506 2,378,884 |
|||
| TOTAL FUNDS | 2,588,850 | 2,464,390 |
| 2020 | 2019 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net cash (used in) operating activities (see below) |
(97,118) | (85,073) |
| Cash flows from investing activities: |
||
| Dividends and interest &om invesbuents |
46,338 | 39,469 |
| Proceeds from sale ofinvestments | 26,940 | 73,158 |
| Prn chase ofinveshnents | (15,375) | (320,797) |
| Net cash provided by (used in) investing activities: |
57,903 | (208,169) |
| Change iu cash and cash equivalents in the year |
(39,215) | (293,242) |
| Cash and cash equivalents at the beginning ofthe year |
273,101 | 566,343 |
| Cash snd cash equivalents at the end ofthe year |
233,886 | 273,IOI |
| RECONCILLATION OFNET INCOME/(EXPENDITURE) |
||
| TO NET CASH FLOW FRO1VIOPERAIING ACTIVTIIES | ||
| Net income for the year | 124,460 | 212,564 |
| per the statement offinancial activities | ||
| Adjustments for: |
||
| (Gains) on inveshuents | (179,134) | (252,835) |
| Dividends and interest horn investments |
(46,338) | (39,469) |
| (Increase)I decrease iu debtors | 11,062 | (II,944) |
| increase/ (decrease) iu creditors |
(7,168) | 6,61I |
| Net cash (used in) operatiug activities |
(97,118) | (85,073) |
| DONATIO | NS AND LEGACIES |
||||
|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Donations | and Legacies | ||||
| Membership | Subscription | 22,481 | 100 | 22,581 | 20,962 |
| Donations | 1,640 | 5,975 | 7,615 | 9,065 | |
| Other Income | 40 | ||||
| Gift Aid | 290 | 290 | 312 | ||
| Legacies | 3,050 | 3,050 | 58,003 | ||
| 2020 | 27,461 | 6,075 | 33,536 | 88,382 | |
| 2019 | 22,332 | 66,050 | 88,382 | ||
| INVESTMENT INCOME | |||||
| 31.12.20 | 31.12.19 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Investment | Income | ||||
| Dividends | 46,170 | 46,170 | 38,723 | ||
| Deposit Account Interest | 534 | ||||
| Bank Interest | 168 | 168 | 212 | ||
| 2020 | 168 | 46,170 | 46,338 | 39,469 | |
| 2019 | 212 | 39,257 | 39,469 |
| 31.12.20 | 31.12.19 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Charitable Activity |
||||||
| Gifts and Donations | 1,140 | 1,140 | ||||
| Grants to Individuals | 35,355 | 35,355 | 55,099 | |||
| Grants to Organisations: | ||||||
| FN Museum Trust |
10,000 | |||||
| 36,495 | 36,495 | 6'5,099 | ||||
| Support Costs | ||||||
| Management Charge |
13,636 | 31,852 | 45,488 | 42,638 | ||
| Journal publications | 8,057 | 18,543 | 26,600 | 26,134 | ||
| Travelling | (34) | (34) | 3,303 | |||
| Trustee Meetings | 1,543 | 1,255 | 2,798 | 7,947 | ||
| Print Post Stationery | Storage | 2,310 | 3,729 | 6,039 | 4,050 | |
| Gifts and Donations | 110 | 700 | 810 | 1,238 | ||
| Website and IT | 151 | 433 | 584 | 3,331 | ||
| Bank Charges | 60 | 60 | 238 | |||
| Governance Costs |
||||||
| Legal | 16 | 16 | ||||
| Audit/ Independent |
examination | fee | 437 | 1,019 | 1,440 | 1,440 |
| Professional Fees |
35 | 35 | ||||
| Expenditure | 26,339 | 57,497 | 83,836 | 90,335 | ||
| 2020 Total expenditure | 26,339 | 93,992 | 120,331 | 155,434 | ||
| 2019Total expenditure | 27,942 | 127,492 | 155,434 |
| The Nightingale | Fellowship | (Assoc) General Fund | 91,763 |
|---|---|---|---|
| The Nightingale | Fellowship | (Assoc) Restricted Fund | 89,825 |
| Benevolent Fund |
Restricted | for benevolence | 2,971,092 |
| Esmond Bequest | Restricted | fund | 510,742 |
| Esmond Bequest | Sir Geof&ey Bateman Restricted | 17,156 | |
| fund | |||
| 3,680,578 |
| Listed investments | |||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| MARKET VALUE | |||
| At 1 January 2020 Sale ofinvestments |
2,199,027 (26,940) |
1,698,554 (73,158) |
|
| Purchase Investments | 15,375 | 320,797 | |
| Realised/unrealised | gains or losses | 179,134 | 252,835 |
| At 31December 2020 | 2,366,596 | 2,199,027 | |
| NET BOOK VALUE | |||
| At 31December 2020 | 2,366,596 | 2,199,027 |
| DEBTORS:AMOUNTS FALLI | NG DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| Gift aid Unrestricted | 602 | 312 | |
| Accrued membership subscriptions |
Unrestricted | 280 | |
| Accrued dividends Restricted |
11,632 | ||
| 882 | 11,944 | ||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.20 | 31.12.19 | ||
| Accrued grants Restricted | 4,310 | 2,300 | |
| Accrued expenses Unrestricted | 1,379 | 4,217 | |
| Accrued expenses Restricted | 6,825 | 13,165 | |
| 12,514 | 19,682 |
| Net movement | |||
|---|---|---|---|
| At 01.01.20 | in funds | At 31.12,20 | |
| E | E | ||
| Unrestricted funds |
|||
| General fund | 85,506 | 1,290 | 86,796 |
| Restricted funds | |||
| Restricted fund | 2,378,884 | 123,170 | 2,502,054 |
| TOTAL FUNDS | 2,444,390 | 124,460 | 2 588,850 |
| Income | Expenditure | Net | Movement in |
||||
|---|---|---|---|---|---|---|---|
| Gain | funds | ||||||
| 8 | E | ||||||
| Unrestricted | funds | ||||||
| General fund | 27,629 | (26,339) | 1,290 | ||||
| Restricted funds | |||||||
| Restricted fund | 52,245 | (108,209) | 179,134 | 123,170 | |||
| TOTAL FUNDS | 79,874 | (134,548) | 179,134 | 124,460 | |||
| 12. ACTIVITY |
BYFUND | ||||||
| Gifts and | Gain on | ||||||
| Income | Grants | Expendltnre | Governance | Iavest2nents | Total | ||
| General Funds | 27,629 | (25,867) | (472) | 1,290 | |||
| Unrestricted Fnnds Total |
27,629 | (25,867) | (472) | 1,290 | |||
| Benevolent Fund | 41,705 | (35,534) | (57,498) | (875) | 159,429 | 107,227 | |
| Esmond Bequest Fund | 5,540 | (961) | (2,561) | (144) | 19,705 | 21,579 | |
| Sir Geoff'rey Bate2nan | Fund | 5,000 | 5,000 | ||||
| Perseverance Trust Fund |
(105636) | (105636) | |||||
| Restrdcted Funds Total | 52,245 | (36,495) | (70,695) | (1,019) | 179,134 | 123,170 | |
| Grand Total | 79&874 | (36,495) | (96,562) | (1,491) | 179,134 | 124,460 |
| 13. Comparative Statement ofFinan for the Year Ended 31December |
cial Activities 2019 |
||
|---|---|---|---|
| 31,12.19 | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| E | |||
| INCOME | |||
| Donations and Legacies |
22,332 | 66,050 | 88,382 |
| Investments | 212 | 39,257 | 39,469 |
| Other Income | |||
| Total income | 22,544 | 105,307 | 127,851 |
| EXPENDITURE | |||
| Raising funds | 12,688 | 12,688 | |
| Charitable activities |
27,942 | 127,492 | 155,434 |
| Total expenditure | 27,942 | 140,180 | 168,122 |
| Net (gains) on investments | (252,835) | (252,835) | |
| NET INCOME | (5,398) | 217,962 | 212,564 |
| 31,12.19 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| FIXEDASSETS | |||
| Investments | 2,199,027 | 2,199,027 | |
| CURRENT ASSETS | |||
| Debtors Cash at bank |
312 89411 |
11,632 183,690 |
11,944 273,101 |
| 89,723 | 195,322 | 285,045 | |
| CREDITORS | |||
| Amounts falling due within one year |
(4,217) | (15,465) | (19,682) |
| NET CURRENT ASSETS | 85,506 | 179,857 | 265 363 |
| NET ASSETS | 85,506 | 2,378,884 | 2,464,390 |
| 31.12.20 | 31.12.19 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| INCOME | |||||||
| Donations and Legacies |
27,461 | 6,075 | 33,536 | 88,342 | |||
| Investment Income |
46,170 | 46,170 | 38,723 | ||||
| Interest | 168 | 168 | 746 | ||||
| Other Income | 40 | ||||||
| Total income | 27,629 | 52,245 | 79,874 | 127,851 | |||
| EXPENDITURE | |||||||
| Raising funds | |||||||
| Fund Manager Fees | 14,217 | 14,217 | 12,688 | ||||
| Charitable activities |
|||||||
| Gifts and Donations | 1,140 | 1,140 | |||||
| Grants | 35,355 | 35,355 | 65,099 | ||||
| Charitable Expenditure |
36,495 | 36,495 | 65,099 | ||||
| Support Costs | |||||||
| Management Charge |
13,636 | 31,852 | 45,488 | 42,638 | |||
| Journal publications | 8,057 | 18,543 | 26,600 | 26,134 | |||
| Travelling | (34) | (34) | 3,303 | ||||
| Trustee Meetings | 1,543 | 1,255 | 2798 | 7947 | |||
| Print Post Stationery | Storage | 2,310 | 3,729 | 6,039 | 4,050 | ||
| Gifts and Donations | 110 | 700 | 810 | 1,238 | |||
| Website and IT | 151 | 433 | 584 | 3,331 | |||
| Bank Charges | 60 | 60 | 238 | ||||
| Charitable Expenditure |
25,867 | 56,478 | 82,345 | 88,879 | |||
| Governance Costs |
|||||||
| Legal | 16 | 16 | |||||
| Audit/ Independent |
examination | fee | 437 | 1,019 | 1,440 | 1,440 | |
| Professional Fees |
35 | 35 | |||||
| Total governance | costs | 472 | 1,019 | 1,491 | 1,456 | ||
| Total expenditure | 26,339 | 108,209 | 134,548 | 168,122 | |||
| Net gains on investments | 179,134 | 179,134 | 252,835 | ||||
| NET INCOME | 1,290 | 123,170 | 124,460 | 212,564 |