| FINANCIAL REVIEW | FINANCIAL REVIEW | FINANCIAL REVIEW | FINANCIAL REVIEW | FINANCIAL REVIEW | FINANCIAL REVIEW | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Principal risks and uncertainties The trustees consider and assess |
the risks to | which the chariity is potentially |
exposed | and have established systems |
and | ||||||||||
| procedures to place suitable |
review and manage those risks. The Finance and Risk sub-committee review and assess ag risks and put and sufficient measures to mitigate the risk. This information is then recorded on the Risk Register |
in and |
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| reported to | Trustee at | quarterly | board meetings | for discussion | and agreement. | ||||||||||
| The main risks | facing the charity | are considered | to be: | ||||||||||||
| Risk | Description | Management | |||||||||||||
| Operationah | Key individual | reliance | In a small team, formed charity, |
within there is |
a newly a high |
-Engagement and wellbeing of employees is a key priority of |
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| degree of reliance on individuals |
senior management | ||||||||||||||
| which means that | - High level ofcommunication | ||||||||||||||
| disengagement | of key staff could | to ensure any risks identified | |||||||||||||
| have a disruptive | impact on the | and mitigated early |
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| planned projects. |
- Regular communication | ||||||||||||||
| between Chair ofTrustees, |
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| Director and employed staff |
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| Operational: | Failure | to attract | and | Within a newly formed | charity | it | - Good benchmarking to |
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| hire new staff | could be difficult | to attract new | industry to ensure | ||||||||||||
| employees, particularly |
compensation is appropriate |
for | |||||||||||||
| considering the |
current | job | the role | ||||||||||||
| market. | -To date the charity has not | ||||||||||||||
| experienced any issue with |
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| hiring and typically receives a |
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| high number of applications | for | ||||||||||||||
| each role advertised | |||||||||||||||
| Financial: | Failure to | identify | long | The chariiiy aims to apply for | Ongoing funding |
||||||||||
| term funding | streams | funding for a range of projects |
to | requirements identified at slart |
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| be delivered by |
partners. | of projects | |||||||||||||
| Funding for this | needs | to be | - Prudent reserves policy to |
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| identified. | ensure no service provision | ||||||||||||||
| halted in an unplanned manner |
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| - Feasibility of different options | |||||||||||||||
| being explored | |||||||||||||||
| - Engagement offundraiser |
and | ||||||||||||||
| grant/bid writer to ensure |
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| adequate funding applications |
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| Financial: | Failure to | As the charity is newly | formed, | it | - Dur project development | ||||||||||
| identify/construct projects to funded |
be | may struggle to idengfy key projects to fund in a timely |
process includes extensive engagement with the autistic |
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| manner. Competition from other |
community and other |
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| charities may make it more |
stakeholders to ensure the |
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| difficult for funding to be |
most impadful projects are |
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| received. | funded. | ||||||||||||||
| - Regular planning meetings |
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| and monitoring ofstrategic |
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| direction to ensure we are | |||||||||||||||
| funding the most promising |
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| projects which meet peoples | |||||||||||||||
| needs |
| Period | |||||||
|---|---|---|---|---|---|---|---|
| 1/2/21 | |||||||
| Year Ended | to | ||||||
| 30/6/22 | 30/6/21 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Notes | fund I |
funds I |
funds f |
fundsI | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
3 | 897,735 | 897,735 | 2,066,366 | |||
| Other income | 13,440 | 13,440 | |||||
| Total | 911,175 | 911,175 | 2,066,366 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Support and improve | the lives of | autistic people | 246,179 | 333 333 | 579,512 | 34,341 | |
| NET INCOME/(EXPENDITURE) | 664,996 | (333,333) | 331,663 | 2,032,025 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 1,032,025 | 1,000,000 | 2,032,025 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,697,021 | 666,667 | 2,363,688 | 2,032,025 |
| Period | |||
|---|---|---|---|
| 1/2/21 | |||
| Year Ended | to | ||
| 30/6/22 | 30/6/21 | ||
| Notes | E | ||
| Cash flows from operating activities Cash generated from operations |
610,265 | 1,767,762 | |
| Net cash provided by operating activities |
610,265 | 1,767,762 | |
| Cash flows from investing acbvities Purchase ofintangible fixed assets Purchase oftangible fixed assets Sale oftangible fixed assets |
(1,360) (1,256) |
(3,394) (4,152) 300 |
|
| Net cash used in investing activities |
(2,616) | (7,246) | |
| Change in cash and cash equivalents the reporting period |
in | 607,649 | 1,760,516 |
| Cash and cash equivalents atthe |
|||
| beginning ofthe reporting period |
1,760,516 | ||
| Cash and cash equivalents atthe end the reporting period |
of | 2,368,165 | 1,760,516 |
| Period | |||||
|---|---|---|---|---|---|
| 1/2/21 | |||||
| Year Ended | to | ||||
| 30/6/22 | 30/6/21 | ||||
| I | I | ||||
| Net income | for the | reporUng | period (as per the Statement of | ||
| Financial Activities) | 331,663 | 2,032,025 | |||
| Adjustments | for: | ||||
| Depreciation | and amortisation | 2,524 | 185 | ||
| Decrease/(increase) | in debtors | 279,373 | (280,795) | ||
| (Decrease)/increase | in creditors | (3,295) | 16,347 | ||
| Netcash provided | by operations | 610,265 | 1,767,762 |
| ANALYSIS OF CHANGES IN NET FU | NDS | ||
|---|---|---|---|
| At 1/7/21 I |
Cash flow I |
At 30/6/22 I |
|
| Net cash | |||
| Cash at bank | 1,760,516 | 607,649 | 2,368,165 |
| 1,760,516 | 607,649 | 2,368,165 | |
| Total | 1,760,516 | 607,649 | 2,368,165 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| Period | ||
| 1/2/21 | ||
| Year Ended | to | |
| 30/6/22 6 |
30/6/21 f |
|
| Donations | 897,735 | 2,066,366 |
| in August 2021 the charity paid the first tran to the music therapy project. |
che of the grant awa |
rded to The A |
utism Research Ce |
ntre in relati |
|---|---|---|---|---|
| SUPPORT COSTS | ||||
| Governance | ||||
| Management | Finance f |
costs f. |
Totals f |
|
| Support and improve the lives of autistic people |
240,665 | 29 | 5,485 | 246,179 |
| NET INCOME/(EXPENDITURE) |
| Net income/( | expenditure) is stated after charging/(crediting) |
: | |
|---|---|---|---|
| Period | |||
| 1/2/21 | |||
| Year Ended | to | ||
| 30/6/22 f |
30/6/21 f |
||
| Depreciation Patents and |
—owned abets licences amortisation |
1,664 338 |
132 10 |
| Development | costs amortisation | 522 | 43 |
| STAFF COSTS | ||||||||
|---|---|---|---|---|---|---|---|---|
| Period | ||||||||
| 1/2/21 | ||||||||
| Year Ended | to | |||||||
| 30/6/22 | 30/6/21 | |||||||
| I | I | |||||||
| Wages and salaries Social secudity coals |
125,422 10,736 |
10,117 1,091 |
||||||
| Other pension costs | 9,391 | 180 | ||||||
| 145,549 | 11,388 | |||||||
| The average monthly |
number of | employees | during the year was | as follows: | ||||
| Period | ||||||||
| 1/2/21 | ||||||||
| Year Ended | to | |||||||
| 30/6/22 | 30/6/21 | |||||||
| Management and Administration |
3 | 1 | ||||||
| The number of employees | whose | employee | benefits (exduding | employer | pension | costs) exceeded | 660,000 was: | |
| Period | ||||||||
| 1/2/21 | ||||||||
| Year Ended | to | |||||||
| 30/6/22 | 30/6/21 | |||||||
| 670,001 - 680,000 | 1 | |||||||
| Key management compensation |
for the year | was 696,099(202167,485). | ||||||
| COMPARATIVES FOR THE STATEMENT | OF FINANCIAL ACTIVITIES | |||||||
| Unrestricted | Restricted | Total | ||||||
| fund 6 |
fundsI | fundsI | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies |
1,066,366 | 1,000,000 | 2,066,366 | |||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Support and improve the people |
lives ofautistic | 34,341 | 34,341 | |||||
| NET INCOME | 1,032,025 | 1,000,000 | 2,032,025 | |||||
| TOTAL FUNDS CARRIED FORWARD | 1,032,025 | 1,000,000 | 2,032,025 |
| 11. | INDEPENDENT | EXAMINATION | EXAMINATION | EXAMINATION | |||||
|---|---|---|---|---|---|---|---|---|---|
| The independent | examiner's fee consisted of: | ||||||||
| 2022 | 2021 | ||||||||
| f | f | ||||||||
| Independent examination |
1,000 | 750 | |||||||
| Preparation ofstatutory |
financial statements | 1,000 | 750 | ||||||
| Preparation ofcorporation |
tax returns | 350 | |||||||
| 2,000 | 1,850 | ||||||||
| 12. | INTANGIBLE FIXEDASSETS | ||||||||
| Patents | |||||||||
| and | Development | ||||||||
| licences | costs | Totals | |||||||
| f | f | f | |||||||
| COST | |||||||||
| At 1July 2021 | 1,261 | 2,133 | 3,394 | ||||||
| Additions | 1,360 | 1,360 | |||||||
| At 30June 2022 | 2,621 | 2,133 | 4,754 | ||||||
| AMORTISATION | |||||||||
| At 1July 2021 | 10 | 43 | 53 | ||||||
| Charge for year | 338 | 522 | 860 | ||||||
| At 30June 2022 | 348 | 565 | 913 | ||||||
| NET BOOKVALUE | |||||||||
| At 30June 2022 | 2,273 | 1,568 | 3,841 | ||||||
| At 30June 2021 | 1,251 | 2,090 | 3,341 | ||||||
| 13. | TANGIBLE FIXEDASSETS | ||||||||
| Computer | |||||||||
| equipment f |
|||||||||
| COST | |||||||||
| At 1July 2021 | 3,852 | ||||||||
| Additions | 1,256 | ||||||||
| At 30June 2022 | 5,108 | ||||||||
| DEPRECIATION | |||||||||
| At 1July 2021 | 132 | ||||||||
| Charge for year | 1,664 | ||||||||
| At 30June 2022 | 1,796 | ||||||||
| NET BOOK VALUE | |||||||||
| At 30June 2022 | 3,312 | ||||||||
| At 30June 2021 | 3,720 |
| 14. | DEBTORS:AMOUNTS FALLING | DEBTORS:AMOUNTS FALLING | DEBTORS:AMOUNTS FALLING | DEBTORS:AMOUNTS FALLING | DEBTORS:AMOUNTS FALLING | DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| I | I | |||||||||
| Autism Research Trust |
280r795 | |||||||||
| Prepayments | 1,422 | |||||||||
| 1,422 | 280,795 | |||||||||
| 15. | CREDITORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2022I | 2021 I |
|||||||||
| Trade creditors | 4,275 | 3,542 | ||||||||
| Social security | and | other | taxes | 3,648 | 2,845 | |||||
| Other creditors | 509 | 180 | ||||||||
| Accruals and deferred | income | 4,620 | 9,780 | |||||||
| 13,052 | 16,347 | |||||||||
| 16. | MOVEMENT IN FUNDS | |||||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1/7/21 I |
in funds I |
30/6/22 I |
||||||||
| Unrestricted | funds | |||||||||
| General fund |
1,032,025 | 664,996 | 1,697,021 | |||||||
| Restrictedfunds | ||||||||||
| The John tambion | Trust | - Research | Project | 1,000,000 | (333,333) | 666,667 | ||||
| TOTAL FUNDS | 2,032,025 | 331,663 | 2,363,688 | |||||||
| Net movement | in | funds, | included | in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||||||
| resources I |
expended I |
in funds I |
||||||||
| Unrestricted | funds | |||||||||
| General fund | 911,175 | (246,179) | 664,996 | |||||||
| Restricted funds | ||||||||||
| The John tambton | Trust | - Research | Project | (333,333) | (333,333) | |||||
| TOTAL FUNDS | 911,175 | (579,512) | 331,663 |
| Comparative | s fo |
r move | ment in f |
unds | |||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1/2/21 | in funds | 30/6/21 | |||||
| 6 | I | 6 | |||||
| Unrestricted | funds | ||||||
| General fund |
1,032,025 | 1,032,025 | |||||
| Restricted funds | |||||||
| The john lambton | Trust - | Research | Project | 1,000,000 | 1,000,000 | ||
| TOTAL FUNDS | 2,032,025 | 2,032,025 | |||||
| Comparative | net movement | in funds, | included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||||
| resources 6 |
expended I |
in funds | |||||
| Unrestricted | funds | ||||||
| General fund | 1,066,366 | (34,341) | 1,032,025 | ||||
| Restricted | funds | ||||||
| The john Lambton | Trust - | Research | Project | 1,000,000 | 1,000,000 | ||
| TOTAL FUNDS | 2,066,366 | (34,341) | 2,032,025 |
| 30/6/2023 6 |
30/6/2024 I |
|||||
|---|---|---|---|---|---|---|
| Grant | - | music | therapy | project | 333/333 | 333,333 |
| Grant | - | grant | writer | 52,106 | ||
| 385,439 | 333r333 |