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|CONTENTS|||PAGE|
|---|---|---|---|
|Members
of the Board and professional|advisers|||
|Trustees'
Annual
Report|||2-6|
|Independent
Examiner's
Report to the Trustees
The World Transplant
Games Federation||of|7-8|
|Statement
of Financial
Activities
(incorporating||the||
|income and expenditure
account)||||
|Balance sheet|||10|
|Statement
ofCash Flows||||
|Notes to the financial
statements|||12 - 18|
|The following
pages do not form part|ofthe|financial statements||
|Detailed statement
of financial
activities|||20-21|
|Detailed balance sheet|||22|
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|Company|Secretary|Mrs E M Schick|
|---|---|---|
|Accountants||Moore (South) LLP|
|||Chartered
Accountants|
|||The Quay|
|||30 Channel
Way|
|||Ocean Village|
|||Southampton|
|||Hampshire|
|||SO14 3TG|
|Bankers||HSBC|
|||250 Park Avenue|
|||New York City|
|||New York State 10177|
|||USA|
|||HSBC|
|||58 High Street|
|||Winchester|
|||Hampshire|
|||SO23 9BZ|
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||||||||Total Funds|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|
||||||||year ended|year|ended|
||||||Unrestricted|Restricted|31 Dec||31 Dec|
||||||Funds|Funds|2020||20'I9|
|||||Note|$|$|$||$|
|INCOME||||||||||
|Donations
and legacies|||||30,000||30,000||59,980|
|Activities
for raising|funds||||63,018|40,000|103,018||319,066|
|Total income|||||93,018|40,000|133,018||379,046|
|EXPENDITURE||||||||||
|Raising funds and charitable||||||||||
|activities|||||15,115|20,010|35,125||149,377|
|Other support costs|||||158,259||158,259||195,162|
|Total expenditure|||||173,374|20,010|193,384||344,539|
|Net income/(expenditure)||and net||||||||
|movement
in funds|for the||year||(80,356)|19,990|(60,366)||34,507|
|RECONCILIATION|OF FUNDS|||||||||
|Total funds brought|forward||as at 1|||||||
|January 2020|||||381,694|91,199|472,893||438,386|
|Total funds carried|forward||31|||||||
|December 2020|||||301,338|111,189|412,527||472,893|
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|||31 DEC|EMBER|2020||||
|---|---|---|---|---|---|---|---|
||||Note||2020||2019|
||||||$||$|
|FIX ED ASSETS||||||||
|Tangible assets|||||117||234|
|CURRENT ASSETS||||||||
|Stock||||1,500||1,500||
|Accrued income||||3,293||127,407||
|Debtors|||10|9,384||6,208||
|Cash at bank and|in hand|||408,778||375,487||
|||||422,955||510,602||
|CREDITORS: Amounts||due within one year|11|(10,545)||(37,943)||
|NET CURRENT ASSETS|||||412,410||472,659|
|NET ASSETS|||||412,527||472,893|
|Represented
by:||||||||
|Unrestricted
funds —General|||||301,338||381,694|
|Restricted funds|||||111,189||91,199|
|TOTAL FUNDS|||||412,527||472,893|
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|||FO|R|THE Y|EA|R END|ED|31 DECE|MB|ER|202|0|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Year||||Year||
||||||||||ended||31||ended|31|
||||||||||Dec|2020|||Dec 2019||
|||||||||$|||$|$||$|
|Net|income/(expenditure)|||per|Statement||of||||||||
|Financial Activities|||||||||||||||
|||Unrestricted|||||||(80,356)||||42,225||
|||Restricted|||||||19,990||||(7,718)||
|Items|not involving
the||movement||of|funds-|||||||||
|depreciation|||||||||||117|||117|
|Movements
in||||working||capital|||||||||
|(increase)/decrease:|||||||||||||||
|||Security deposit||||||||||(923)|||
|||Accrued income||||||124,114||||(127,407)|||
|||Accounts receivable||||||(2,665)||||16,950|||
|||Prepayments
and|subscriptions||||||||||||
|||receivable||||||(511)||||281|||
|||Creditors||||||(2,756)||||209|||
|||Payroll creditors||||||440|||||||
|||Income received|in|advance||||(26,552)||||26,552|||
|||Accrued expenses||||||1,470||||63|||
|||||||||||93,540|||(84,275)||
|Cash|provided
by/(used||in) operating|||activities||||33,291|||(49,651)||
|Opening||bank and cash balances as at 1 January|||||||||||||
|2020|||||||||375,487||||425,138||
|Closing||bank and cash|balances||31|December|||||||||
|2020|||||||||408,778||||375,487||
|Cash|at|bank and
in hand|per balance sheet||||||408,778||||375,487||
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|2.|DONATIONS|AND LE|GACI|ES|||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||Funds|Funds|Funds|Funds|
||||||||2020|2019|
||||||$||$|$|
||Donations
received/(refunded)||||30„000||30,000|59,980|
|3.|ACTIVITIES|FOR RAISING||FUNDS|||||
||||||Unrestricted|Restricted|Total|Total|
||||||Funds|Funds|Funds|Funds|
||||||||2020|2019|
||||||$||$|$|
||Participants'|capitation|fees||7,050||7,050|140,793|
||Host fees|||||||94,482|
||Participant's|insurance|premiums|||||74,828|
||Capitation
fees||||8,350||8,350||
||Registration|fees|||13,199||13,199||
||Sponsorship|||||40,000|40,000|10,000|
||Amazon
Smile and PayPal|||giving|342||342|88|
||Country
membership||subscriptions||||||
||/ (write-offs)||||20,815||20,815|(1,125)|
||Covid 19Winchester||City Council||12,400||12,400||
||grant||||||||
||Other donations||||862||862||
||||||63,018|40,000|103,018|319,066|
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||||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|Funds|Funds|
||||||||||2020|2019|
||||||||$||$|$|
|Trustees'
travel|||||||(591)||(591)|22,367|
|Insurance|||||||6,657||6,657|62,416|
|Games expenses/(over|||||provision)||755||755|19,953|
|Staff and coordination|||||fees||1,779||1,779|3,682|
|Football expenses||||||||||16,929|
|Registration|expenses||||||1,415||1„415|8,960|
|Fit for Life!|sponsorship||||expenditure|||20,010|20,010|7,718|
|Country
development||||programme|||5,100||5,100|7,352|
||||||||15,115|20,010|35,125|149,377|
|ANALYSIS|OF EXPENDITURE ON||||||OTHER SUPPORT|COSTS|||
||||||||Unrestricted|Restricted|Total|Total|
||||||||Funds|Funds|Funds|Funds|
||||||||||2020|2019|
||||||||$||$|$|
|Accountancy|||||||12,446||12,446|10,277|
|Bank charges|||||||1,075||1,075|894|
|Depreciation|||||||117||117|117|
|Foreign currency|||gains||and|losses|(15,192)||(15,192)|6,651|
|Insurance|||||||4,949||4,949|5,032|
|Journal
printing||and distribution|||||1,579||1,579|11,713|
|Legal|||||||3,445||3,445|9,602|
|Marketing,|public||relations|||8|||||
|conference|lobbying||||||1,832||1,832|660|
|Office expenses|||||||4,256||4,256|8,941|
|Rent|||||||13,459||13,459|12,824|
|Staff costs|||||||125,530||125,530|118,407|
|Staff training|||||||||||
|Staff travel|||||||3,755||3,755|8,923|
|Website costs|||||||1,008||1,121|1,121|
||||||||158,259||158,259|195,162|
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|STAFF COSTS AND EMOLUME|STAFF COSTS AND EMOLUME|NTS|||
|---|---|---|---|---|
|Staff costs were as follows:|||||
||||2020|2019|
||||$|$|
|Staff working|on a self-employed|basis|30,000|106,299|
|Employees|||95,530|12,108|
||||125,530|118,407|
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|communities
ensuring
global outr|each.|||
|---|---|---|---|
|TANGIBLE FIXEDASSETS||||
|||2020|2019|
|Computer
and office equipment||||
|COST||||
|Brought forward as at 1 January|2020|1,001|1,001|
|Additions||||
|At 31 December 2020||1„001|1,001|
|DEPRECIATION||||
|Brought forward as at 1 January|2020|767|650|
|Charge for the year||117|'l 17|
|At 31 December 2020||884|767|
|NET BOOK VALUE||117|234|
|DEBTORS:||||
|||2020|2019|
|||$|$|
|Accounts receivable||2,635|(30)|
|P repayments||5,274|4,763|
|Other debtors||1,475|1,475|
|||9,384|6,208|
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|||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||$|$|
||Trade creditors|||||||||1,999|4,755|
||Accruals|||||||||8,106|6,636|
||Payroll creditors|||||||||440||
||Deferred|income|||||||||26,552|
|||||||||||10,545|37,943|
|12.|STOCK|||||||||||
|||||||||||2020|2019|
|||||||||||$|$|
||Promotional||goods and clothing|||||||1,500|1,500|
|13.|DEFERRED||INCOME|||||||||
|||||||||||2020|2019|
|||||||||||$|$|
||Brought|forward as at 1 January|||2020|||||26,552||
||Additions|in|year||||||||26,552|
||Amount|released||to income||||||(26,552)||
||At 31 December|||2020|||||||26,552|
|Deferred
income related to income received|||||||in advance|for|WTWG 2020.|||
|14.|UNRESTRICTED|||FUNDS||||||||
|||||Brought|||Incoming||Outgoing|Transfers|Carried|
|||||forward||1|resources||resources||forward 31|
|||||January|||||||December|
||||||2020||||||2020|
|||||||$||$|$||$|
||General|Funds||381,694|||93,018||(173,374)||301,338|
|15.|RESTRICTED FUNDS|||||||||||
|||||Brought|||Incoming||Outgoing|Transfers|Carried|
|||||forward||1|resources||resources||forward 31|
|||||January|||||||December|
||||||2020||||||2020|
||Restricted||Funds-|||$||$|$||$|
||Fit for Life!|||91,199|||40,000||(20,010)||111,189|
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|ANALYS|IS OF NET ASSETS BET|WEEN FUNDS|||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||Funds|Funds|Total|
|||$|$|$|
|Fixed assets||117||117|
|Cash||297,589|111,189|408,778|
|Stock||1,500||1,500|
|Accrued|income|3,293||3,293|
|Debtors||9,384||9,384|
|Current|liabilities|(10,545)||(10,545)|
|Total Funds||301,338|111,189|4'I2,527|
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||||||||Total|
|---|---|---|---|---|---|---|---|
|||||||Total|Funds|
|||||||Funds|year|
||||||Unrest-|year|ended|
|||||Restricted|ricted|ended 31|31 Dec|
|||||Funds|Funds|Dec 2020|2019|
|||||$|$|$|$|
|INCOME||||||||
|Participants'
capitation fees|- 2019||UK||||140,793|
|Host fees - 2019|||UK||||44,982|
|Host fees - 2021|||USA||||49,500|
|Participants'
insurance
premiums||-2020|WTWG||7,050|7,050||
|Participants'
insurance
premiums||-2019|UK||||74,828|
|Registration
fees - 2020|||WTWG||13,199|13,199||
|Capitation
fees —2020|||WTWG||8,350|8,350||
|International
Olympic Committee||donation|||30,000|30,000|59,980|
|Sponsorship
—welcome
party 2019|||UK||||10,000|
|Sponsorship
—Fit for Life!||||40,000||40,000||
|Amazon
Smile and PayPal|Giving||||342|342|88|
|Other donations|||||862|862||
|COVID 19Winchester
City|Council Grant||||12,400|12,400||
|Country
membership
subscriptions||||||||
|/(write-offs)|||||20,815|20,815|(1,125)|
|Total income||||40,000|93,018|133,018|379,046|
|DIRECT EXPENDITURE||||||||
|Trustees'
travel - 2018|||WTWG||(915)|(915)||
|Trustees'
travel - 2019|||UK||(2,824)|(2,824)|22,367|
|Trustees'
travel - 2020|||WTVVG||3,148|3,148||
|Insurance costs - 2020|||WTWG||6,657|6,657||
|Insurance costs - 2019|||UK||||62,416|
|Games expenses - 2019|||UK||||18,705|
|Games expenses - 2020|||WTWG||755|755|1,071|
|Games expenses
-2021|||USA||||177|
|Staff and coordination
fees|- 2020||WTWG||1,779|1,779|3,682|
|Football expenses|||||||16,929|
|Registration
expenses - 2019|||UK||1,415|1,415|8,960|
|Fit for Life!||||20,010||20,010|7,718|
|Country
development
programme|||||5,100|5,100|7,352|
|Total direct expenditure||||20,010|15,115|35,125|149,377|
|INCOME LESS DIRECT EXPENDITURE||||19,990|77,903|97,893|229,669|
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|||||||||Total|
|---|---|---|---|---|---|---|---|---|
||||||||Total|Funds|
||||||||Funds|year|
|||||||Unrest-|year|ended|
||||||Restricted|ricted|ended 31|31 Dec|
||||||Funds|Funds|Dec 2020|2019|
||||||$|$|$|$|
|OPERATING EXPENDITURE|||||||||
|Accountancy||||||12,446|12,446|10,277|
|Bank charges||||||1,075|1,075|894|
|Computer
and software expenses||||||1,314|1,314|923|
|Depreciation
- computer
and office|||||||||
|equipment||||||117|117|117|
|Executive Manager|office expenses|||||2,057|2,057|4,323|
|Foreign currency
gains and losses||||||(15,192)|(15,192)|6,651|
|General expenses||||||47|47|42|
|Indemnity
insurance|-officers|and|||||||
|Trustees||||||4,949|4,949|5,032|
|Journal
printing
and|distribution|||||1,579|1,579|11,713|
|Legal advice||||||3,445|3,445|9,602|
|Light and heat||||||4|4|30|
|Marketing,
public relations
&conference|||||||||
|lobbying||||||1,832|1,832|660|
|Printing,
postage,
freight, couriers|||and||||||
|stationery||||||196|196|403|
|Rent||||||13,459|13,459|12,824|
|Staff costs - Gary Green,
Kim||Renyard|||||||
|and Karen Cole||||||121,293|121,293|118,407|
|Employer's
national|insurance|||||1,847|1,847||
|Employer's
pension|contributions|||||2,390|2,390||
|Staff travel —Newcastle/Gateshead||||2019||||7,497|
|Staff travel —WTWG 2020||||||2,501|2,501||
|Staff travel - Perth||||||572|572||
|Subscriptions
—Global Association||||of|||||
|International
Sports|Federations|||||||2,988|
|Sundry expenses||||||636|636|167|
|Telephone||||||2|2|65|
|Travel &subsistence|—Inter Games|||&|||||
|Council
Meeting
- Newcastle||||||||1,426|
|Travel and subsistence
- general||||||682|682||
|Website costs||||||1,008|1,008|1,121|
|Total expenditure||||||158,259|158,259|195,162|
|Net income/(expenditure)|||||19,990|(80,356)|(60,366)|34,507|
|Total Funds
brought
forward|||as at 1||||||
|January
2020|||||91,199|381,694|472,893|438,386|
|TOTAL
FUNDS
CARRIED||FORWARD|||||||
|AT 31 DECEMBER|2020||||111,189|301,338|412,527|472,893|
##
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|||||2020|2019|
|---|---|---|---|---|---|
|||||$|$|
|FIXEDASSETS||||||
|Tangible assets||||117|234|
|CURRENT ASSETS||||||
|Stocks - presentation|awards|and clothing||1,500|1,500|
|Security deposit - office||||1,475|1,475|
|Accrued income||||3,293|127,407|
|Accounts receivable||||2,635|(30)|
|Prepayments
and subscriptions|||receivable|5,274|4,763|
|Cash at bank||||408,778|375,487|
|||||422,955|510,602|
|CURRENT LIABILITIES||||||
|Accounts
payable||||1,999|4,755|
|Payroll creditors||||440||
|Accrued expenses||||8,106|6,636|
|Deferred
income|||||26,552|
|||||10,545|37,943|
|NET CURRENT ASSETS||||412,410|472,659|
|NET ASSETS||||412,527|472,893|
|FUNDS||||||
|Unrestricted
funds||||301,338|381,694|
|Restricted
funds - Fit|for Life!|||111,189|91,199|
|TOTAL FUNDS||||412,527|472,893|