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|---|---|---|---|
|Trustees'
report|||1-4|
|Independent
examiner's||report||
|Statement
offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||8-17|
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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2020|2019|
|||||Notes||f|
|Income and endowments|||from:||||
|Donations
and|legacies||||8,099|8,743,000|
|Investments|||||109,312|9,812|
|Other income||||||2,185,520|
|Total income|||||117,411|10,938,332|
|Ex enditure on:|||||||
|Raising funds|||||49,577|6,805|
|Charitable
activities|||||767,674|589,129|
|Trading
subsidiary||loan write off|||150,000||
|Total resources expended|||||967,251|595,934|
|Net gains/(losses)||on investments||12|1,642,639|240,099|
|Net incoming|resources||||792,799|10,582,497|
|Other recognised||gains and losses|||||
|Other gains or|losses|||13||(52)|
|Net movement|in funds||||792,799|10,582,445|
|Fund balances|at 1 January||2020||10,589,572|7,127|
|Fund balances|at|31 December 2020|||11,382,371|10,589,572|
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|||||2020|2019|
|---|---|---|---|---|---|
||||Notes|||
|Fixed assets||||||
|Tangible assets|||14|448,019|454,316|
|Investments|||15|10,008,828|7,249,861|
|||||10,456,847|7,704,177|
|Current assets||||||
|Debtors|||16|594,902|613,744|
|Cash at bank and|in|hand||354,310|2,354,823|
|||||949,212|2,968,567|
|Creditors: amounts||falling due within||||
|one year|||17|(23,688)|(83,172)|
|Net current assets||||925,524|2,885,395|
|Total assets less|current liabilities|||11,382,371|10,589,572|
|Income funds||||||
|Unrestricted
funds||||11,382,371|10,589,572|
|||||11,382,371|10,589,572|
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|3|Donations|and legacies|and legacies|||||(Continued)|
|---|---|---|---|---|---|---|---|---|
||Grants receivable||for core activities||||||
||Government|grants|—Coronavirus||job retention|scheme|8,099||
||||||||8,099||
|4|Investments||||||||
||||||||Unrestricted|Unrestricted|
||||||||funds|funds|
||||||||2020f|2019
f|
||Dividend
income||||||68,781|6,532|
||Interest receivable||||||40,531|3,280|
||||||||109,312|9,812|
|5|Other income||||||||
||||||||2020f|2019f|
||Gift Aid receivable|||||||2,185,520|
|6|Raising funds||||||||
||||||||Unrestricted|Unrestricted|
||||||||funds|funds|
||||||||2020f|2019f|
||Investment|management||fees|||49,577|6,805|
||||||||49,577|6,805|
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||||2020|2019|
|---|---|---|---|---|
|||||E|
|Staff costs|||79,770|139,213|
|Depreciation|||11,739|1,455|
|Training,
recruitment|and other staff costs||560|7,716|
|Telephone,
postage|and stationery||4,616|3,590|
|Computer
and software|||5,274|1,639|
|Advertising
and marketing|||281|2,692|
|Rent and rates|||3,882|7,650|
|Motor and travel|||5,325|2,293|
|Insurance|||4,174|1,891|
|Sundries|||188|241|
|Social media consultancy|||600|4,680|
|Premises expenses|||12,866|1,057|
|Bank charges|||93|75|
|Memberships
and subscriptions|||420|419|
|Loss on disposal of|tangible|fixed assets|290||
||||130,078|174,611|
|Grant funding
of activities (see note 8)|||615,842|365,596|
|Share ofsupport costs (see||note 9)|13,870|38,114|
|Share ofgovernance|costs|(see note 9)|7,884|10,808|
||||767,674|589,129|
|Grants payable|||||
||||2020|2019|
||||F|E|
|Grants to institutions:|||||
|Other|||607,687|345,603|
|Grants to individuals|||8,155|19,993|
||||615,842|365,596|
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|9|Support costs|Support costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2020|Support|Governance|2019|
||||costs|costs||costs|costs||
|||||E|f|P|||
||Consultancy|fees|2,054||2,054|5,597||5,597|
||Professional|fees|11,816||11,816|32,517||32,517|
||Legal fees|||398|398||3,900|3,900|
||Accountancy|fees||4,586|4,586||2,908|2,908|
||Audit fees|||2,900|2,900||4,000|4,000|
||||13,870|7,884|21,754|38,114|10,808|48,922|
||Analysed
between||||||||
||Charitable
activities||13,870|7,884|21,754|38,114|10,808|48,922|
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The average
monthly
number
ofemployees
during|the year was:||
|---|---|---|
||2020|2019|
||Number|Number|
|Employment costs|2020f|2019|
|Wages and salaries|62,237|118,396|
|Social security costs|10,819|13,959|
|Other pension costs|6,714|6,858|
||79,770|139,213|
||pension cos|ts) wer|e:|||
|---|---|---|---|---|---|
|||||2020|2019|
|||||Number|Number|
||f60,001 - f70,000|||1|1|
|12|Net gains/(losses)||on investments|||
|||||2020|2019|
||||||E|
||Revaluation|of investments||1,642,639|240,099|
|13|Other gains|orlosses||||
||||||Unrestricted|
||||||funds|
||||||2019|
||||||F|
||Foreign exchange||gains||52|
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|14|Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|---|
||||Freehold|land|Fixtures|and|Computer|Total|
||||and buildings||fittings||equipment||
||Cost||||||||
||At 1 January 2020||452,419|||606|2,759|455,784|
||Additions||||2,288||3,444|5,732|
||Disposals||||||(435)|(435)|
||At 31 December 2020||452,419||2,894||5,768|461,081|
||Depreciation
and impairment||||||||
||At 1 January 2020|||754||139|575|1,468|
||Depreciation
charged|in the year|9,048|||940|1,751|11,739|
||Eliminated
in respect ofdisposals||||||(145)|(145)|
||At 31 December 2020||9,802||1,079||2,181|13,062|
||Carrying
amount||||||||
||At 31 December 2020||442,617||1,815||3,587|448,019|
||At 31 December 2019||451,665|||467|2,184|454,316|
|15|Fixed asset investments||||||||
||||||Listed||Other|Total|
|||||investments||investments|||
|||||||F|||
||Cost or valuation||||||||
||At 1 January 2020 8 31 December 2020||||7,249,859||2|7,249,861|
||Carrying
amount||||||||
||At 31 December 2020||||7,249,859||2|7,249,861|
||At 31 December 2019||||7,249,859||2|7,249,861|
||||||||2020|2019|
||Other investments
comprise:||||Notes||E|K|
||Investments
in subsidiaries||||||||
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|16|Debtors||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||Amounts
falling due||within|one year:|||
||Amounts
owed|by subsidiary||undertakings|590,495|602,173|
||Other debtors|||||10,244|
||Prepayments
and accrued income||||4,407|1,327|
||||||594,902|613,744|
|17|Creditors: amounts||falling due within one year||||
||||||2020f|2019|
||Other taxation|and social security|||2,575|6,939|
||Trade creditors||||4,605|54|
||Other creditors|||||374|
||Accruals and deferred||income||16,508|75,805|
||||||23,688|83,172|
|Analysis ofnet assets between funds|||||
|---|---|---|---|---|
|||Unrestricted|Total|Total|
|||2020|2020|2019|
|||E||F|
|Fund balances at 31 December 2020 are represented|by:||||
|Tangible assets||448,019|448,019|454,316|
|Investments||10,008,828|10,008,828|7,249,861|
|Current assets/(liabilities)||925,524|925,524|2,885,395|
|||11,382,371|11,382,371|10,589,572|
##
|under non-cancellable
operating
leases, which
fall due a|s follows:||
|---|---|---|
||2020f|2019|
|Within one year|4,304|4,304|
|Between two and five years|7,889|12,193|
||12,193|16,497|
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|Name ofundertaking|Name ofundertaking|Name ofundertaking|Registered|Registered|Nature of|Nature of|business|Class of|% Held|
|---|---|---|---|---|---|---|---|---|---|
||||office|||||shares held|Direct Indirect|
|Welland|Retail|Limited|Craftsman||Fundraising||cafe|Ordinary|100.00|
||||House De Salis|||||share||
||||Drive, Hampton|||||||
||||Lovett,|||||||
||||Droitwich,|||||||
||||England,|WR9||||||
||||OQE|||||||
|Welland|Residential||Craftsman||Residential||Property|Ordinary|100.00|
|Holdings|Limited||House De Salis|||||share||
||||Drive, Hampton|||||||
||||Lovett,|||||||
||||Droitwich,|||||||
||||England,|WR9||||||
||||OQE|||||||
|The aggregate||capital and reserves and the result for the year of subsidiaries||||||was as follows:||
|Name ofundertaking|||Profit/(Loss)|||Capital|and|||
|||||||Reserves||||
||||||||K|||
|Welland|Retail|Limited||72,168||(48,612)||||
|Welland|Residential|||||||||
|Holdings|Limited|||(15,645)||(29,335)||||