||||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|
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|||||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)|
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|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|