| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 2to 7 | ||
| Independent Examiner's |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | 10 | ||
| Statement ofCashflow | |||
| Notes to the Financial | Statements | 12to 20 | |
| Detailed Statement of | Financial Activities | 21 |
| Unrestricted | Restricted | 31.12.21 | 31.12.20 | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | Total funds | Totalfimds | ||||
| Notes | |||||||
| INCOME | |||||||
| Donations and Legacies |
82,090 | 1,025 | 83,115 | 33,536 | |||
| Investments | 19 | 46,204 | 46,223 | 46,338 | |||
| Total income | 82,109 | 47,229 | 129,338 | 79,874 | |||
| EXPENDITURE | |||||||
| Raising funds | 14,848 | 14,848 | 14,217 | ||||
| Charitable activities |
25,941 | 347,981 | 373,922 | 120,331 | |||
| Total expenditure | 25,941 | 362,829 | 388,770 | 134,548 | |||
| Net (gains) on investments | (328,492) | (328,492) | (179,134) | ||||
| NET INCOME | 56,168 | 12,892 | 69,060 | 124,460 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 86,796 | 2,502,054 | 2,588,850 | 2,464,390 | ||
| TOTAL FUNDS CARRIED FORWARD | 142,964 | 2,514,946 | 2,657,910 | 2,588,850 |
| Unrestricted | Restricted | 31.12.21 | 31.12.20 | ||
|---|---|---|---|---|---|
| funds | funds | Total funds | Totalfunds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Investments | 2,430,060 | 2,430,060 | 2,366,596 | ||
| CURRENT ASSETS | |||||
| Debtors | 4,099 | 4,099 | 882 | ||
| Cash at bank | 141,945 | 96,654 | 238,599 | 233,886 | |
| 146,044 | 96,654 | 242,698 | 234,768 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
10 | (3,080) | (11,768) | (14,848) | (12,514) |
| NET CURRENT ASSETS | 142,964 | 84,886 | 227,850 | 222,254 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 142,964 | 2,514,946 | 2,657,910 | 2,588,850 | |
| NET ASSETS | 142,964 | 2,514,946 | 2,657,910 | 2,588,850 | |
| FUNDS | |||||
| Unrestricted funds |
142,964 | 86,796 | |||
| Restricted funds |
2,514,946 | 2,502,054 | |||
| TOTAL FUNDS | 2,657,910 | 2,588,850 |
| 2021 | 2020 | ||
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACIIVIIIES: | |||
| Net cash (used in) operatiug actiwities (see below) |
(306,537) | (97,118) | |
| Cash flows from iuvestiug actixdties: |
|||
| Diviclencls and iuterest from investments |
46,223 | 46,338 | |
| Proceecls fiom sale ofinvestments | 349,475 | 26,940 | |
| Purchase ofinvestmeuts | (84,447) | (15,375) | |
| Net cash provided by (used in) iuvesting | activities: | 311,251 | 57,903 |
| Change in cash mid cash equivalents iu the |
year | 4,714 | (39,215) |
| Cash aud cash equivalents at the beguuling |
ofthe yehr | 233,886 | 273,101 |
| Cash aud cash equivalents at the encl ofthe |
year | 238,599 | 233,886 |
| RECONCILLATION OFNET INCOiVEE/(EM'ENDITURE) |
|||
| TO NET CASH FLOW FROM OPERATING ACTIVITIES | |||
| Net incolue for the year | 69„060 | 124,460 | |
| per the statemeut offinancial activities |
|||
| Adjustments for: |
|||
| (Gauls) on lnvestnlents | (328„492) | (179,134) | |
| Dividencls aud iuterest fion& investments |
(46,223) | (46;338) | |
| (Increase)/ clecrease ul clebtors |
(3,216) | 11,062 | |
| Increase/ (decrease) iu creditors |
2,334 | (7,168) | |
| Net cash (nsed iu) operating activities |
(306,537) | (97,118) |
| DONATIO | NS AND LEGACIES |
||||
|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Donations | and Legacies | ||||
| Membership | Subscription | 20,844 | 680 | 21,524 | 22,581 |
| Donations | 53,749 | 345 | 54,094 | 7,615 | |
| Gift Aid | 3,497 | 3,497 | 290 | ||
| Legacies | 4,000 | 4,000 | 3,050 | ||
| 2021 | 82,090 | 1,025 | 83,115 | 33,536 | |
| 2020 | 27,461 | 6,075 | 33,536 | ||
| INVESTMENT INCOME | |||||
| 31.12.21 | 31.12.20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Investment | Income | ||||
| Dividends | 46,204 | 46,204 | 46,170 | ||
| Bank Interest | 19 | 19 | 168 | ||
| 2021 | 19 | 46,204 | 46,223 | 46,338 | |
| 2020 | 168 | 46,170 | 46,338 |
| CHARITABLE AC | TIVITIES | |||||
|---|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||||
| Unrestricted | Restricted | Total | Total | |||
| Charitable Activity |
||||||
| Gifts and Donations | 100 | 140 | 240 | 1,140 | ||
| Grants to Individuals | 1,380 | 20,820 | 22,200 | 35,355 | ||
| Grants to Organisations: | ||||||
| FN Foundation | 225,000 | 225,000 | ||||
| Guys 8t, StThomas NHS Foundation | 55,000 | 55,000 | ||||
| 1,480 | 300,960 | 302,440 | 36,495 | |||
| Support Costs | ||||||
| Management Charge |
10,973 | 25,605 | 36,578 | 45,488 | ||
| Journal Publications | 3,256 | 15,392 | 18,648 | 26,600 | ||
| Travelling | 1,581 | 1,581 | (34) | |||
| Trustee Meetings | 5,225 | 2,038 | 7,263 | 2,798 | ||
| Print Post Stationery | Storage | 533 | 1,123 | 1,656 | 6,039 | |
| Gifts and Donations | 787 | 398 | 1,185 | 810 | ||
| Website and IT | 312 | 1,446 | 1,758 | 584 | ||
| Bank Charges | 122 | 122 | 60 | |||
| Governance Costs |
||||||
| Legal | 1,200 | 1,200 | 16 | |||
| Audit/ Independent |
examination | fee | 437 | 1,019 | 1,456 | 1,440 |
| Professional Fees |
35 | 35 | 35 | |||
| Expenditure | 24,461 | 47,021 | 71,482 | 83,836 | ||
| 2021 Total expenditure | 25,941 | 347,981 | 373,922 | 120,331 | ||
| 2020 Total expenditure | 26,339 | 93,992 | 120,331 |
| Company as an amalgamation as approved by the Council and th |
Company as an amalgamation as approved by the Council and th |
Company as an amalgamation as approved by the Council and th |
e members ofthe Association. | |
|---|---|---|---|---|
| The amounts transacted by transfer deed from each related party |
to The Nightingale Fellowship |
1175992were: | ||
| 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 Geoffrey Bateman Restricted | 17,156 | ||
| fund | ||||
| 3,680,578 |
| Listed investments | |||||
|---|---|---|---|---|---|
| 31.12.21 | 3L12.20 | ||||
| MARKET VALUE | |||||
| At 1 January 2021 | 2,366,596 | 2,199,027 | |||
| Sale ofinvestments | (349,475) | (26,940) | |||
| Purchase ofInvestments | 84,447 | 15,375 | |||
| Realised/unrealised gains |
or losses | 328,492 | 179,134 | ||
| At 31December 2021 | 2,430,060 | 2,366,596 | |||
| NKT BOOKVALUE | |||||
| At 31December 2021 | 2,430,060 | 2,366,596 | |||
| There were investment | assets of$1,861,188outside the UK. | ||||
| At the Balance sheet date, | the historical cost ofthe investments | was K1,793,675. | |||
| As at 31.12.21 no holding | had a value of &5'/o ofthe market value ofthe investments. |
| 9. | DEBTORS:AMOUNTS FALLIN | G DUK WVITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||
| Gift aid Unrestricted | 4,099 | 602 | ||
| Accrued membership subscriptions |
Unrestricted | 280 | ||
| 4,099 | 882 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE WVITHIN ONE YEAR | |||
| 31.12.21 | 31.12.20 | |||
| Accrued grants Restricted | 4,810 | 4,310 | ||
| Accrued expenses Unrestricted | 3,080 | 1,379 | ||
| Accrued expenses Restricted | 6,958 | 6,825 | ||
| 14,848 | 12,514 |
| Net movement | Net movement | |||||||
|---|---|---|---|---|---|---|---|---|
| At 01.01.21 | in funds | At 31.12.21 | ||||||
| Unrestricted funds |
||||||||
| General fund |
86,796 | 56,168 | 142,964 | |||||
| Restricted funds | ||||||||
| Restricted fund |
2,502,054 | 12,892 | 2,514,946 | |||||
| TOTAL FUNDS | 2,588,850 | 69,060 | 2,657,910 | |||||
| Net movement in funds, |
included | in | the above are | as folio&vs: | ||||
| Income | Expenditure | Net | Movement in |
|||||
| Gain | funds | |||||||
| Unrestricted funds |
||||||||
| General fund |
82,109 | (25,941) | 56,168 | |||||
| Restricted funds |
||||||||
| Restricted fund |
47,229 | (362,829) | 328,492 | 12,892 | ||||
| TOTAL FUNDS | 129,338 | (388,770) | 328,492 | 69,060 | ||||
| 12. | ACTIVITY BYFUND | |||||||
| Gifts aud | Gaiu ou | |||||||
| Iucome | Grauts | Expenditure | Goveraauce | Iuvestmeuts | Total | |||
| General Fmtds | 82,109 | (1,480) | (22,789) | (1,672) | 56,168 | |||
| IJurestricted Funds Total |
82,109 | (1,480) | (22,789) | (1,672) | 56,168 | |||
| Benevolent Fund | 46,128 | (22,360) | (47,682) | (875) | 326,790 | 302,001 | ||
| Esatoucl Bectuest Funcl | 1,101 | (249,422) | (612) | (144) | 1,702 | (247,375) | ||
| Sir Geoffrey Bateman Funcl | (29,178) | (29,178) | ||||||
| Perseverance Trust Funcl |
(12,556) | (12,556) | ||||||
| Restricted Funds Total | 47,229 | (300,960) | (60,880) | (1,019) | 328,492 | 12,892 | ||
| Grand Total | 129,338 | (302,440) | (83,639) | (2,69i) | 328,492 | 69,060 |
| 13. Comparative Statement ofFinanc for the Year Ended 31December |
ial Activities 2020 |
||
|---|---|---|---|
| 31.12.20 | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| INCOME | |||
| Donations and Legacies |
27,461 | 6,075 | 33,536 |
| Investments | 168 | 46,170 | 46,338 |
| Other Income | |||
| Total income | 27,629 | 52,245 | 79,874 |
| EXPENDITURE | |||
| Raising funds | 14,217 | 14,217 | |
| Charitable activities |
26,339 | 93,992 | 120,331 |
| Total expenditure | 26,339 | 108,209 | 134,548 |
| Net (gains) on investments | (179,134) | (179,134) | |
| NET INCOME | 1,290 | 123,170 | 124,460 |
| 31.12.20 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| FIXEDASSETS | |||
| Investments | 2,366,596 | 2,366,596 | |
| CURRENT ASSETS | |||
| Debtors | 882 | 882 | |
| Cash at bank | 87,293 | 146,593 | 233,886 |
| 88,175 | 146,593 | 234,768 | |
| CREDITORS | |||
| Amounts falling due within one year |
(1,379) | (11,135) | (12,514) |
| NET CURRENT ASSETS | 86,796 | 135,458 | 222,254 |
| NET ASSETS | 86,796 | 2,502,054 | 2,588,850 |
| Detailed Statement ofFinancial | Detailed Statement ofFinancial | Detailed Statement ofFinancial | Activities | ||||
|---|---|---|---|---|---|---|---|
| for the Year Ended 31December | 2021 | ||||||
| 31.12.21 | 31.12.20 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| INCOME | |||||||
| Donations and Legacies |
82,090 | 1,025 | 83,115 | 33,536 | |||
| Investment Income |
46,204 | 46,204 | 46,170 | ||||
| Interest | 19 | 19 | 168 | ||||
| Other Income | |||||||
| Total income | 82,109 | 47,229 | 129,338 | 79,874 | |||
| EXPENDITURE | |||||||
| Raising funds Fund Manager Fees |
14,848 | 14,848 | 14,217 | ||||
| Charitable activities |
|||||||
| Gifts and Donations | 100 | 140 | 240 | 1,140 | |||
| Grants | 1,380 | 300,820 | 302,200 | 35,355 | |||
| Charitable Expenditure |
1,480 | 300,960 | 302,440 | 36,495 | |||
| Support Costs | |||||||
| Management Charge |
10,973 | 25,605 | 36,578 | 45,488 | |||
| Journal publications | 3,256 | 15,392 | 18,648 | 26,600 | |||
| Travelling | 1,581 | 1,581 | (34) | ||||
| Trustee Meetings | 5,225 | 2,038 | 7,263 | 2,798 | |||
| Print Post Stationery | Storage | 533 | 1,123 | 1,656 | 6,039 | ||
| Gifts and Donations | 787 | 398 | 1,185 | 810 | |||
| Website and IT | 312 | 1,446 | 1,758 | 584 | |||
| Bank Charges | 122 | 122 | 60 | ||||
| Charitable Support |
Cost Expenditure | 22,789 | 46,002 | 68,791 | 82,345 | ||
| Governance Costs |
|||||||
| Legal | 1,200 | 1,200 | 16 | ||||
| Audit/ Independent |
examination | fee | 437 | 1,019 | 1,456 | 1,440 | |
| Professional Fees |
35 | 35 | 35 | ||||
| Total governance | costs | 1,672 | 1,019 | 2,691 | 1,491 | ||
| Total expenditure | 25,941 | 362,829 | 388,770 | 134,548 | |||
| Net gains on investments | 328,492 | 328,492 | 179,134 | ||||
| NET INCOME | 56,168 | 12,892 | 69,060 | 124,460 |