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|Company|Company|registration|registration|number|496082|||
|---|---|---|---|---|---|---|---|
|Chanty|registered||numl&er.||206391|||
|Registered||office|||The Scott Bader|Commonwealth|Linuted|
||||||Wollaston
Hall|||
||||||Wollaston|||
||||||Wellingborough|||
||||||Northamptonshire|||
||||||NN29 7RL|||
|Chanty|Trustees||||Roben Gibson|||
||||||Andrew Bell|||
||||||Agne Bengtsson|||
||||||David Black|||
||||||Jessica Clark|||
||||||Heather Davison|||
||||||David klams|||
||||||Hansi Manmng|||
||||||Paul Snuth|||
|Secretarv|||||Hayley
Sutherland|||
|Solicitors|||||Shoosmiths|||
||||||The Lakes|||
||||||Northampton|||
||||||NN4 7SH|||
|Bankers|||||Unity Trust Bank Pic|||
||||||4 fhe Square|||
||||||111Broad Street|||
||||||Birmingham|||
||||||Bl5
IAR|||
||||||CAP Bank Limited|||
||||||25 Kings Hill Avenue|||
||||||Kings Hill|||
||||||West Malhng|||
||||||Kent|||
||||||ME 194JQ|||
||||||Scottish Widow~|||
||||||PO Box 883|||
||||||LEEDS LSI 9TY|||
|Auditor|||||RSM UK Audit I.LP|||
||||||The Pinnacle|||
||||||170Midsummer|Boulevard||
||||||Milton Keynes|||
||||||Buckinghamshire|||
||||||MK9 IBP|||
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|LVDEX||PAGE|
|---|---|---|
|Report ofthe Trustees||2-13|
|Trustees'
Responsibilities
Statement||14|
|Independent
Auditor*s Report||I5-16|
|Group and Charity statements
offinancial|activities|17|
|Group and Charity balance sheets||18|
|Group cash flow statement|||
|Notes to the financial
statements||20-48|
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|Euatgl Cuasumptlon|Lacatfan Based
kgarkat Baaed|Lacatfan Based
kgarkat Baaed|Lacatfan Based
kgarkat Baaed||||
|---|---|---|---|---|---|---|
|Non-Receivable
(GJ)
Renewable (GJ)|$6,947
160||61,504
25,603|194,579
L970||152.723
44I'6|
|Total (GJ)||87,107|||197~9||
|Green House Gas Emiasions|Location Baaeg
hgarkat Based|||Laeadau Based||hgarkat Based|
|Sc
e I - k(anufactunna
(TsC02e)|3.190||3,190|7.1$6||7,1$6|
|I - Vehicles (TeC02c)|||Jfoivak io iaru|srvc or '020|||
|Sc
I (TeC02e)|1,64S|||3,964||I,S03|
|Total (TsC02e)|4,S38||3190|11,150||83)$9|
|Intensity Factors|SBVK(incl||CL)||||
|Energy
lnlelult)
Carbon
Intensity
MJ Tof
oduct
GJ
full tune
loves
LIJ f000's reveaus
I'te CO.s Iofproduct
TeCGc
fug tune emplosee
kee CO e f00(rs mvenue||2,44
0
30$.9
1,307 3
1359|||1,593.0
2S4
1,005 4
$9.9
161
56||
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||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2020|2019|2020|2019|
|||||Notes|f'000|f'000|f'000|f'000|
|Income from:|||||||||
|Other trading activities:|||||||||
|Commercial
trading
operanons|||||197,342|218,386|||
|Donation|||||||795|340|
|Rental income|||||21||24||
|||||4|197,363|218,386|819|340|
|lnvestinent
mcome||||5|253|534|4|3|
|Total income|||||197,616|2(8,920|823|343|
|Expenditure
on:|||||||||
|Raising funds:|||||||||
|Commercial
trading|operations|||6|(184)600)|(211,167)|||
|Charitable
activities||||9|(259)|(241)|(330)|(337)|
|Total expenditure|||||(184,859)|(2)1,408)|(330)|(337)|
|Net inconie exduding joint venture income|||||12,757|7,512|493|6|
|Share ofnet income|from )oint ventures||||188|186|||
|Net income before|tax for|the financial year|||12,945|7,698|493|6|
|Tax payable||||10|233|l,)95|||
|Net income|||||13,178|6,503|493|6|
|Other recognised
gains / (losses)i|||||||||
|Actuarial
gain/(loss)
on defined benetit pension
Change
m value ofhedging
instrument||||22|4,018
14|(902)
2|||
|Currency
translation
differences
Deferred tax on other recogmsed|||gams and losses|(358)
~756||(1,686)
l66|||
|Net movement
in funds|||||16,096|4,083|493|6|
|Total funds brought|forward|||24|91,158|87,075|1,390|1.384|
|Total funds carried|forward|||24|107,254|91,158|1,883|),390|
##
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||||||Group||Charity|Charity||
|---|---|---|---|---|---|---|---|---|---|
||||||2020|2019|2020|2019||
|||||Notes||||||
||||||g'000|K*OOO|6 000|f|000|
|Fixed assets||||||||||
|Intangible
fixed assets
Tangible
fixed a~sets
Investment
property||||12
13
15|418
41,615
525|293
40,658
52.I|525||525|
|Interests
in joint ventures||||14/15|615|581||||
||||||43,173|42.057|525||525|
|Current
assets||||||||||
|Stocks||||le|19,843|18.162||||
|Debtors||||17|40,531|39.810|1,135||709|
|Cash at bank and in|hand||||40,665|27,666|265||186|
||||||101,039|85.638|1,400||895|
|Current
liabilities||||||||||
|Creditors
amounts|falling due||within one year|18|43,438|37.060|42||30|
|Net current assets|||||57,601|48,578|1,358||865|
|Total assets less current liabilities|||||100,774|90,635|1,883||1,390|
|Creditors
amoums|fallmg due||after uiore than one year|19|1,993|2,311||||
|Provisions||||21|6,735|7,355||||
||||||8,728|9.eee||||
|Nct assets excluding||pension|asset||92,046|80,969|1,883||1,390|
|Pension asset||||22|15,208|10,189||||
|Net assets|||||107,254|91,158|1,883||1,390|
|Reserves:||||||||||
|General reserve funds||||||||||
|Unrestncted
income||funds||24|106,722|90,563|1/66||873|
|Designated
funds
Revaluation
reserve||||24|532|595|517||517|
||||||107,254|91.158|1,883||1,390|
##
##
||Notes||2020||2019|
|---|---|---|---|---|---|
|||f'000|f.'000|f'000|f'000|
|Net cash provided
by operating
activities|||19,622||17,320|
|Taxation paid|||(514)||(1,110)|
|Net cash generated
from operating
activities|||19,108||16,210|
|Cash flows from investing
activities||||||
|Purchase oftangible assets
Purchase ofintangible
assets
Proceeds from disposals oftangible assets
Proceeds from sale ofintangible
assets||(5,681)
(208)
43||(4,857)
(5)
(30)||
|Dividends
received from joint ventures||56||44||
|interest received||41||101||
|Net casli used in investing
activities|||(5~749)||(4,747)|
|Cash iloivs front financing
activities||||||
|Receipts from bank loan facilities||51||||
|Repayment ofobligations
under finance leases
Repayment ofbank loans
interest paid||(451)
~95||(5)
(349)
~86||
|Net cash used in iinancing
activities|||(495)||(440)|
|Net increase in cash and cash equivalents
Effect ofexchange rates on cash and cash equivalents
Cash and cash equivalents
at the beginning ofthe year|||12,864
135
27,666||11,023
(404)
17,048|
|Cash snd cash equivalents
at tbe end oftbe year|||40,665||27,666|
|Cash and cash equivalents
consist of:||||||
|Cash at bank and in hand|||40,665||27,666|
|Cash snd cash equivalents
st the end oftbe year|||40,665||27,666|
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|ANAI.YSISOF TOTAL INCOME||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group||Chanty||
|||||||2020|2019|2020|2019|
|||||Note||f.'000|f.'000|f'000|F000|
|External
turnover ofScott Bader Company||Limited and its subsidianes||||196,700|218,295|||
|Other operating
income ofScott Bader Company
Government
grants*|||Limited and subsidiaries|||642|91|||
|Rental income||||||21|139|24||
|Investment
income|||||5|253|395|4|3|
|Donation
fiom Scott Bader Company|Limited|||||||795|340|
|||||||197,616|218,920|823|343|
##
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|INVESTMFNT IiNCOME||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group||Chanty||
||||||2020||2019|2020|2019|
||||||8'000||f'000|8'000|f'000|
|Interest receivable
and similar income|||||253||395|4|3|
||||||253||395|||
|ANALYSIS OF TOTAL RKSOIIRCES|||EXPENDED|||||||
|||||||Group||Chaniy||
||||||2020||2019|2020|2019|
||||||gr000||f.'000|8'000|I,'000|
|Staffcosts (mcluding
related costs)|||||37,656||37,039|||
|Other trading costs|||||146,944||174,128|||
||||||184,600||211,167|||
|NET INCOMING
RESOURCES||||||||||
|||||||||Group||
|||||||||2020|2019|
|Net incoming
resources
is stated after charging||||or (crediting)|the following||items:|8'000|I'000|
|Research and development||||||||3,250|3,249|
|(Prolit)/Loss
on disposal oftangible
Impairment
oftrade receivables||assets||||||(9)
(42)|131
422|
|Impaument
ofmventory
Operating
lease charges
Foreign exchange (gain)/loss||||||||21
1,377
(43)|(23)
1,046
892|
|Auditors'
remuneration:||||||||||
|Fees payable to the Charity's:
for the audit ofthe Charity's|financial||statements|||||20|45|
|for the audit ofthe Charity's|subsidiaries|||||||178|105|
|Fees payable to other component
Other non-audit
fees||auditors|for|the audit ofthe Charity's||subsidianes||21|10
4|
##
##
##
|INTEREST AND SIMILAR ITEMS||||||||
|---|---|---|---|---|---|---|---|
|Interest payable
and similar charges:|||||Note|2020|2019|
|||||||f'000|f'000|
|Interest expense on bank loans and overdrafts||||||92|99|
|Interest expense on other loans||||||4|2|
|Total interest expense on financial
liabilities||not measured|at fair value through|profit/||||
|loss||||||96|101|
|Net interest expense ou post-employment|benefits||||22||294|
|Total interest payable
and similar charges||||||96|395|
##
##
|||2020|2019|
|---|---|---|---|
|||f.'000|f'000|
|Commonwealth
Community
Hardship
Fund||||
|f1,300 —Action In Africa —Providmg
COVID-19 PPF. equipment
and a radio campaign
to
educate about COVID-19 tn Nyaishozi
in the Kagera distnct ofTanzama
f1,000 —African||||
|Children's
Fund —To fund care packages includmg
food and sanitary
supplies for families
in the
Thika Community
m Kenya; f2,607 —Aid Africa —To fund 7.5 tonnes ofmaize providmg
food||96.9||
|for 100famihes
in Malawi; f1,000 - Changing
Life Organisation
—To provide a COVID-19||||
|education programme
in Georgedale
and Hammarsdale,
South Africa.:f3,859 —Concera||||
|Worldwide
—To support
the long-term
socio economic recovery
from COVID-19 in Central
African Republic. reaclung
1,700 individuals
through
cash for v,ork activities; f3,000 —Daylight||||
|Centre Fellowship
—Supports
Northamptonshire
emergency
food aid project with 3000meals.||||
|f5,058 —Edukaid —To fund the materials
for construction
of6 permanent
handwashing
stations||||
|in schools in Tanzania: f4,925—Family Support Link, Northamptonshire
- To fund a support||||
|nurse for 7.5 hours a week for families who have a loved one with dnig and alcohol issues;||||
|f10,000 —Frank Water Projects - WASH protect
m india, f7,4'95—Feeding America-||||
|Providing
food for vulnerable
people. ;f4,374- Hope ForJustice —Rehabihtation
programme|for|||
|sex tratyickmg
victims; f5,250 - Karen Hilltribes Trust- Provide meals for marginahsed
children
in Thailand. ;f5,605 - Kids Out- Fundmg
toy boxes and food vouchers
for victims of
domestic violence. ;f5,000- Livingstone
Tanzania
Trust - WASH protect m Tanzania.
;f3,900-
Mskhad Trust- Fund solar powered
well pumps
in Egypt„ f4,000 - Phoenix Foundation—
Supporting
homeless
people to return
to mainstream
society. ;f4,000 - Practical Tools Initiative-
Providmg
niobility
aids, tools and food to vulnerable
famihes. ;f4,000 —Rushden
MIND, in
Northamptonshire
—Supporting
Speak Vp project.;f5,000-Taste- WASH project. ; f2,000—||||
|Trust for Rehabilitation
ofParslysed
—Supporting
vulnerable
and disabled people
in||||
|Bangladesh
dunng
COVID-19» f9,510 —Wollaston
School, Northamptonsbire
—Providmg||||
|laptop» for remote
leammg
—f4,000 —Thanda
UK —Providing
nutnent-den»e
food parcels on||||
|South Coast of Kwazulu-Natal||||
|UK||||
|Donations
via VK Nommauon
Scheme
-v'hereby
colleagues nominate
a charity ofthem choice||14.0|36.2|
|to receive a donation||||
|Small donations
to support
small local charities with their fund-raising
activities||0.4|1.2|
|f4,600- Acorn Earl& Years Foundation,
Northamptonshire
—Support outdoor classroom||||
|development
for pre-»»bool
m Northmnptonshue;
f4,000 —East Nortbants
Community
Services, Northamptonshire
- Refurbisluuent
ofthe night shelter
in Rushden; f3,400—||38.1|8.3|
|Northampton
Saints Foundation
—To fund
the kit for the Engage programme
working
with||||
|children
struggling
to stay in mamsueam
education;
f1,200- Nortbsmptonshire
Association|for|||
|tbe Blind, Northamptonshire
—providmg
Hi-Viz jackets and beanie hats to support
partially||||
|sighted people across Northants
who have been isolated due to COVID-19; f4,000—Oakfield
Easton Msudit, Northamptonshire
- Supporting
adults
with learning
difficulties; f4$75-||||
|Serve —Funding
towards a bcfnending
service; f3,650-Stand Against Violencc - Funded 43||||
|violence prevention
workshop»
m Northamptonshirez
f2,450- Stand Out Northamptonshire-
Support deliverance of70 mtervention
sessions for looked after children
and care leaversz f1,500||||
|- Tall Ships Youth Trust, Nortbamptonshire
—To fund 10vulnerable
young people to sail and
learn life skills. ,f3,724- The Lewis Foundation,
Northsmptonshire
-Providing 6 months of
care packages to adult cancer patients
m Kettenng
and Northampton
hospitals. ;f4,000- The||||
|Lowdown,
Northamptou
—To fund a sexual health nurse
1 day a week for young people m||||
|Northamptonshire„
f1,200- Wildlife Trust BCN —To fund PPE and consumables
for Nene||||
|Wetlands
project.||||
|DUBLIN||33|14|
|f3,300-Barnardo's
- Funding
towards
then essential
everyday
food and support programme||||
|1'rom their Mulhuddart
Centre||||
##
|FRANCE||||
|---|---|---|---|
|Small donations
to support
small local chanties.
f5435-Senegal -Towards access to education
for children; f2 000 - Les Restaurants
de|Coeur-|1.0
200|1.0
159|
|Providing
food for vulnerable
people, f4,450 - Relais Social- Provide workshops
to help
overcome isolation; f2,500-Secours Populaire
—Providing
fresh food for the vulnerable|m|||
|Amiens; f5,615 —La Bonne Case —To fund construction ofa pig-sty
at an orphanage
in||||
|Cameroon
to provide food.||||
|CROATIA||||
|f2,934-International
Association ofNatural
Health - to support
children
with psychophysical||||
|disabilities
with natural
remedies. f4,680 —Mali Zmaj —- funding
for children offamilies||||
|registered
with the chanty to pay for school trips. ;f4,6BO —Udruga Jak kao Jakov
—To support||14.3|13.0|
|children
suffering
with malignani
diseases and their socially depnved
families, f2,000- Udruga||||
|Za Promicanje
Kvalitete Zivota —Pilatesom
DoBoljeg Zdravlja
—equipment
needed for||||
|Pilaies based exercises for people with MS.||||
|SOUTH AFRICA||||
|f1,500-Barney and Friends Early Childhood
Development
-Towards
the costs ofrenovating
the outside sheher, paving
and toilets; f2,000 —Christel
House SA —To fund appropriate||||
|hygiene
measures
being put mto place in a school m Cape Town. ;f1,500- Food Forward|SA-|||
|Towards
the general
running
costs ofthe Charity
that addresses
widespread
hunger
in SA.;
f1,300- Global Vision International
—Providing
reusable
sanitary pads.
f2,000-Hammarsdale
and Cato Ridge Development
Programme
—Raismg the profile of||15.3|14.1|
|Small medium
and micro enterprises
on the Cato Ridge||||
|f1,500- Khulani Creche —renovation ofthe buildmg
and toilets||||
|f1,500- Siyabanakekla
Creche - towards
extending
classrooms
and purchasing
equipment.
f2,000-The Love Ones ofGod Family Care Centre —developmg
the central kitchen||||
|f2,000-Wings ofInspiration
—Providing
school uniform,
stationery,
and food parcels for||||
|disadvantaged
famihes||||
|DIJBAI||||
|f2,160 —Help In Need - providing
a safe and secure learning
envuonmcnt;
f2,160 —hLAAN||||
|Education
Health and Development
—Supporting
the reopening
ofpublic schools after||||
|COVID-19; f2,160 —Naya madam —Buildmg sustainable
prosthetic
limbs and providing
them
to vulnerable
people; f2,160—Rainbow Centre Sri Lanka —Extending
the dining Hall; f2,160||15.1|13.5|
|—Read Foundation
—Providing
books and equipment
for the library; f2,160-Ruchika Social
Service- Setting up techno-based
skilling for slum youths, ;f2,160-SOS Child rens Village-||||
|Supportmg
chddren
who have lost a parent||||
|SWEDEict||3.1|0.7|
|f3,100 - Barncancerfonden
providing
children
with cancer a Chnstmas
gift||||
|CZECH REPUBLIC||||
|f1,000 —Help pea Centrum - towards
trainmg
an assistance dog; f900-Nadace Jedlickova||||
|ustavu - Barrier Free Transport project for children
in wheelchairs
to school; fl,600-Czech||||
|Blind United-
operational
costs for blind and partially
sighted people||3.5|0.9|
|SPAIN||||
|f2,450 —Hospital
Universitari
de Bellvitge —providing
PPE during COVlD pandemic||2.5|0.4|
|GERMANY||||
|f2,200 —Doctors Without Borders- Providing
global and humanitanan
aid||22|0.4|
##
##
##
|CHINA|CHINA|CHINA||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|84,700 Shanghai
Charity
Foundation|||—Art therapy for autistic children|||||||4.7|l.4|
|USA||||||||||5.2|3.0|
|82,970 a nommation
scheme smiilar||to|the one in the UK operates for||the people in Ohio|||the||||
|remaining
52,230 was divided between|||local foodbanks|||||||||
|CANADA||||||||||||
|Shared equally
between
5 charities||- Foundation
de la Tables Populaire-||||Providing|meals||for|||
|the disadvantaged
in Drummondville;|||Foundation
Rene Verrier- Towards|||miproving||||||
|healthcare
and palhative
care services m
video capsules promotmg
education
and||||Drummondville;
Foundation
LeTremplin-
Providmg
healthy
lifestyles, Centre d'eeoute et de prevention
au||||||6.7|4.6|
|suicide- Towards
a marketing
campaign||||to decrease mental health
issues m||Drummonville,||||||
|Comptior
Alimentare
—Towards|adding|||resource to reach more beneficiaries
to alleviate||||hunger||||
|in Drununondville.||||||||||||
|President's
Fund||||||||||||
|f5,000 to the Victoria Centre, Well mgborough, f500 to the Daylight
Centre,
The remaining f2.000 was spht equally
between
Bolivian Quaker education||||||Weihngborough
fund, British||||7.5|7.5|
|Pugwash
Group, Peacechild
International,||||Positive News Trust, Quaker Peace and Social||||||||
|Witness, Quaker Homeless
Action,||Ohandi
Foundation
and Wollaston|||Hentage Society|||||||
|Restricted
Fund||||||||||||
|Prior Year Grants||||||||||||
|Livingstone
Tanzania
Trust|||||||||||250|
|Send a Cine|||||||||||25.0|
|1ASTI:.|||||||||||250|
|Ace Africa|||||||||||25.0|
|Small mternauonal
grants|||||||||||12.3|
|Total direct chantable
expenditure||||||||||253.8|235.8|
|Oovernance
cost||||||||||5.0|5 0|
|1otal direct chantable
expenditure||||||||||258.8|240.8|
|The audit fees ofthe Charity itself|are||paid by Scott Bader Company||Limited.|||||||
##
##
##
|a) Tax expense included|a) Tax expense included||in profit or loss|in profit or loss|in profit or loss||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||||f'000|f'000|
|Current
iax|||||||||
|—UK Corporation
tax|on||profits for the year||||602|243|
|—Foreign corporation|tax||on|profits for the year|||1,325|628|
|—Adjustment
in respect||ofpoor periods|||||(1,671)|72|
|Group current tax|||||||256|943|
|Share ofjoint ventures'|current|||tax||||54|
|Total current
tax|||||||256|997|
|Deferred tax:|||||||||
|—Origination
and reversal|||of|timmg differences|||(340)|248|
|—Adjustment
in respect||ofprior periods|||||(149)|4|
|Group and total deferred||tax|||||(489)|252|
|Group current tax|||||||256|943|
|Group deferred tax
Group tax on profit on||ordinary|||activities||(489)
~233|252
1,195|
|b) Tax expense included||in other|||comprehensive|income|2020|2019|
||||||||f'000|f'000|
|Deferred tax:|||||||||
|—Origination
and reversal||oftiming|||differences||(756)|166|
|Total tax expense mcluded|||in|other comprehensive||mcome|756|166|
##
##
##
##
|(c) Reconciliation
oftax charge|(c) Reconciliation
oftax charge|||||||
|---|---|---|---|---|---|---|---|
|The tax assessed for the year is lower (2019:lower) than||the standard|||rate ofcorporation|2020|20]9|
|tax in the UK 19%(2019:19%). The differences|are explamed||below|||||
||||||||f*000|
|Total net income before tax for the fmancial
year||||||12,945||
|Profit on ordinary
activities
at standard
rate ofcorporation||taxanon||in|the UK: 19%(2019.|2,460|1,463|
|19%)||||||||
|Effects of||||||||
|Foreign subsidiary
profits within zero iax rate regime||||||(1,013)|(1,086)|
|Other adjustmeots
in respect offoreign tax rates||||||394|136|
|Expenses I(income) not deductible
for tax purposes||||||1|221|
|Unrecognised
deferred
tax||||||(280)|426|
|Withholdmg
tax suffered||||||7|1|
|Group Relief (UK only)|||||||(16)|
|Pnor year adjustment||||||(1,802)|50|
|Group tax on profit on ordinary
activitie~.||||||(233)|1,195|
##
|he Conuuonwealt|h
does|not employ|any staff. T|he staff costs ofSBCLare detailed below:|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||g'000|f 000|
|Wages and salanes|||||24,446|24,742|
|Staff bonuses|||||3,288|2,683|
|Orher staff benefits|||||2,993|3,153|
|Social security|costs||||3,465|3,443|
|Pension costs -|payments|to deiined|contribution|schemes|1,906|1,919|
|Other retirement|provisions||||403|182|
|Redundancy|||||1,155|917|
||||||37656|37,039|
|with the amount
recetv|ed noted below for their period as Trustee;|||
|---|---|---|---|
|||2020|2019|
|||g'000|f.'000|
|Basic Salary||154|114|
|Pension contributions|and other benefits|34|22|
|Bonuses||12|5|
|||200|141|
##
##
##
|The eniployee
benefits ofkey|The eniployee
benefits ofkey|management|management|personnel ofthe|personnel ofthe|Group were E1,770k|Group were E1,770k|(2019:E2,509k).This includes|(2019:E2,509k).This includes|(2019:E2,509k).This includes|(2019:E2,509k).This includes|
|---|---|---|---|---|---|---|---|---|---|---|---|
|SBCLdirectors'
remuneration.||Key management|||personnel|are defined|by theu involvement||within|the Group||
|Leadership
Team (GLT) and||therefore|involved||in day to day decision making of|||the group|strategy.|||
|The number ofemployees|whose total||employee||benefits exceeded E60,000dunng|||the year|for the charitable||group|
|was:||||||||||||
|||||||||2020|||2019|
|||||||||Number||Number||
|f60.001 —f70,000|||||||||34||32|
|E70,001 - f80,000|||||||||21||23|
|f80,001 - E90,000|||||||||12||13|
|E90,001 —f100,000|||||||||15||12|
|E.100,001 - f110,000|||||||||7||13|
|f110,001 - E120,000|||||||||11||10|
|E120,001 - f.130,000|||||||||4||6|
|E130,001 - E140,000|||||||||3||3|
|f.140,001 —E150,000|||||||||2||I|
|E150,001 - f160,000|||||||||||3|
|f160,001 - E170,000|||||||||||2|
|E170,001 —f180,000|||||||||||I|
|f190,001 - E200,000|||||||||||2|
|E200,001 —f210,000|||||||||||I|
|E210,00] - E220,000|||||||||||I|
|E250,001 - f260,000||||||||||||
|f260,001 —f270,000||||||||||||
|f280,001 - f290,000||||||||||||
|E290,001 —E300,000||||||||||||
|f320,00! - f330,000||||||||||||
|f360,001 - f370,000||||||||||||
||||||||115k|li2r|
|---|---|---|---|---|---|---|---|---|
|The average|number of|persons employed|during|the penod by geographical||area|||
|was as follows:|||||||2020|2019|
||||||||Number|Number|
|UK and Eire|||||||289|310|
|Contmental
Europe|||||||198|191|
|Rest ofWorld|||||||207|197|
||||||||694|698|
|The average|number ofpersons employed||by the|Group by activity|was as follows.||2020|2019|
||||||||Number|Number|
|Administration|||||||82|96|
|Research &Development||v|||||47|86|
|Manufacturing|&Distribution||||||437|405|
|Sales &Marketing|||||||128|111|
||||||||694|698|
##
##
##
##
|NTANGIBLE FIXED AS|SE|TS||||||
|---|---|---|---|---|---|---|---|
|Group|||||Good&a dl
6'000|Technology
6*000|Total
f'000|
|Cost at I Jan 2020|||||1,355|959|2.314|
|Additions|||||101|107|208|
|Cost at 31 Dec 2020|||||1,456|1,066|2,522|
|Accumulated
Amortisation|at|1 Jan 2020|||1,067|959|2,021|
|Charge for the year|||||83||83|
|At 31Dec 2020|||||1,145|959|2&104|
|Net book value||||||||
|At 31Dec 2020|||||311|107|418|
|At 31 Dec 2019|||||293||293|
|TANGIBLE FIXED A,SSKTS||||||||
||||Land and|Buildings||||
|Group|||Freehold
I'000|Short
leasehold
f.'000|Plant and
equipment
I'000|Iv1otor
vehicles
f'000|Total
f*000|
|Cost or valuation:||||||||
|At
1 Jan 2020|||33,392|4496|76,537|571|114,896|
|Additions|||1,187|418|4,208|62|5,875|
|Disposals||||(2)|(15)|(153)|(170)|
|Difference on exchange||||(131)|858|(4)|1,411|
|At 31 Dec 2020|||~35 267|~4681|~81 588|476|~122012|
|Accumulated
Depreciation;||||||||
|At
1 Jan 2020|||16,873|2,307|54,634|424|74,238|
|Charge for the year|||1,020|223|4.039|45|5,327|
|Disposals||||||(137)|(137)|
|Difference on exchange|||392|(83)|666|(6)|969|
|At 31 Dec 2020|||~18 285|2,447|~59 339|326|80,397|
|Net book value||||||||
|At 31Dec 2020|||~16 982|~2234|~22 249|150|41615|
|At 31Dec 2019|||16,519|2,089|~21 903|147|40,658|
##
##
##
|Company|Company||||Country|of||Company||Nature of||Registered OIBce||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||incorporation||aud|Registration||Business||||
||||||principal|country||Number||||||
||||||ofoperation|||||||||
|Scott|Bader||UK||Great Britain|||4562724||Manufacturer|of|Wollaston
Hall, Wollaston,||
|Limited||||||||||rmins||Welhagborough,
Northants,|NN29 7RL|
|Scot( Bader|||SAS||France|||631 720497||Manufacturer|of|65 Rue Sully, 80000 Amiens||
|||||||||||resins||||
|Scott|Bader||Middle||Unitcxl Arab|||States ofJersey||Manufacture|of|One The Esplanade,
St Holier. Jersey, JE||
|East Ltd|||||Emirates|||Registrauon|Noz|r'os I nb||3QA, Channel
Islands||
|(Incorporated||||in||||55367||||||
|Jersey)'||||||||JAFZA:||||||
|||||||||Registration|No.|||||
|||||||||173909||||||
|Scott|Bader||d|o.o.i|Croatia|||80008643||Manufacture|of|Radnmka
cesta 173i. 10000Zagreb||
|||||||||||Ieslns||||
|Scon|Bader||(Pty)||South Africa|||199300046607||IVlanufacture|of|I Lubex Road, PO Box 1539,Hillcrest||
|Ltd'||||||||||resins||3650, Hammarsdale,
lcwazulu|Natal,|
|||||||||||||South Africa||
|Scott|Bader||ATC||Canada|||1168859909||Manufacturer|of|2400, Canadien
Street ¹303,||
|Inc.||||||||||adhesives||Drummondville
(Qc), J2C 7%3,Canada||
|Scott|Bader||||Sweden|||556399-5322||Distributor of||BOX202, 31123Falkenberg||
|Scandinavia|||AB|||||||resins||||
|Scott|Bader Eastern||||Czech Republic|||250 45 580||Distributor of||Evropska 2588/33a, Delvice,|16000|
|Euro|e'|||||||||resins||Praha 6||
|Scott|Bader|Iberica|||Spain|||ESB62948450||Distributor of||Avda. Corts Catalanes, 8,08173Sant||
|SLi||||||||Tolllo||resins||Cugat del Valles-Barcelona||
|||||||||34949/Folio 0202||||||
|Scott|Bader|Inc i|||USA|||2310546||Distributor of||Registered
Agent Solutions, Inc.,9E.||
|||||||||||resins||Loockerman
Street, Suite 311,Dover, DE||
|||||||||||||19901||
|Scott Badcr|||||China|||91310000664387||Distributor of||Room2402. Hitch Palza 488 Wuniog||
|(Shanghai)||Trading||||||9063||resins||Road(South)
Shanghai
Chma||
|Com|an
Ltd|||||||||||||
##
##
|Scott Bader Japan|Scott Bader Japan|Japan|3020001128001|Distributor|of|Nisso Bldg¹18, Expon Office¹708, 3-7-|Nisso Bldg¹18, Expon Office¹708, 3-7-|Nisso Bldg¹18, Expon Office¹708, 3-7-|
|---|---|---|---|---|---|---|---|---|
|KK||||resins||18.Shin-Yokohama,
Kohoku-ku,|||
|||||||Yokohama,
Kaagawa,
Japan|||
|Synthetic|Resins|Great Brirain|282663|Intermediate||Wollaston
Hall, Wollaston,|||
|L&mlted||||holding||Wellingborough.
Northants.|NN29 7IIL||
|||||co&n
a&i|||||
|Boldhelp|Limited|Great Britain|3793984|Intermediate||Wollaston
Hall, Wollsston,|||
|||||holding||Wellingborough,
Northants,|NN29 7RL||
|||||corn
an|||||
|Scutt Bader Brazil||Great Britam|8549866|Intermediate||9'ollaston
Hall, Wollaston,|||
|I imited||||holding||Weilingborough,
Nonhants,|NN29 7RI.||
|||||com
an|||||
|Scott Bader North||USA|2310544|intermediate||Registered
Agent Solutions,|Inc, t&E.||
|Ame&ica|Inc'|||holding||Loockennan
Street, Suite 311,||Dover, DE|
|||||con&pan)'||19901|||
|Scon Bader||Great Bntam|01282834|Corporate||Wollastun
Hall, Wollaston,|||
|Cnmmumty
Fund||||trustee||Wellingborough,
Nonhants,|NNi29 7RL||
|Trustee|Liniited||||||||
|Scott Bader||Australia|640312170|Distnbutor|of|P.O.Box 1124|||
|Australia|Pty Ltd'|||resins||Bibra Lake, Western
Austraha||o965|
|||||||Australia|||
|' held by Synthetic||Resins Limited, ' held by Boldhelp I.imited, ' held by Scott||||Bader North America inc|||
|Company||Country of||Company|Nature of|Registered Oflfce|Registered Oflfce||
|---|---|---|---|---|---|---|---|---|
|||iileorpot'ation|and|Registration|Business||||
|||priacipal country||Number|||||
|||ofoperation|||||||
|Polymer|Mimetics|Great Britain||12598928|Research|Woll aston Haft,|Wollaston,||
|L&liuted||||||Wellingboroug,|Northants,|NN29 7RL|
##
||||Country ofincorporation|Country ofincorporation|Registered Oflice|Registered Oflice|||
|---|---|---|---|---|---|---|---|---|
||||aad principal|country of|||||
||||operation||||||
|Novascott
(2u&n&icos|Especiahdades
Ttda
(JV)
'||Brazil||Rodovia
Tabs)ara,|Gobemador
Mario Covas, no 600,asia 48, Lote
Ser&a do Anil, CEP 29.!47-030, C&ty of|||
||||||Cariacisa/ES,
Brazil||||
|Satyen Scan Radar||LLP (JV)|India||307, A-7|Industrial||Premises G K Marg, Lower Parol|
|previously|Satyen Scon Bader||||Mumbsi|Mumbai|City MH 400013 IN||
|Private Limited|||||||||
##
##
##
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|~sh
iCh||||||||2020|2019||
|A summary
ofthe results ofthe subsidianes||||is shown|below.||||||
|||||||||f'000|F000||
|Turnover||||||||196,496|218,294||
|Other operatmg
mcome||||||||905||257|
|Duect and mdirect overheads||||||||(185,293)|(21l,358)||
|Group operatmg
profit||||||||12.108||7,193|
|Profit on sale ofintangible|fixed||assets||||||||
|Share ofoperating
profit/ (loss) in jomt ventures||||||||188||186|
|Total operating
profit: group and|||share ofjoint ventures|||||12.296||7,379|
|Interest receivable
and similar mcome
Interest payable
and similar charges||||||||253
~96|395
~83||
|Profit before taxation on ordinary|||activitie~|||||12,453||7,691|
|Taxauon
on profit on ordinary||activities||||||233|(1,195)||
|Profit for the finanmal
year||||||||12,686||6,496|
|A summary
ofthe 2020 results||ofthe key subsidiaries|||is shown|SBUK||SBSAS
SBME|||
|below:|||||||||||
|||||||f'000||f'000|f'000||
|Total Net Assets||||||43,301||13,432|23897||
|Gross Turnover||||||66,818||46,146|45,135||
|Profit for the financial year||||||4,081||2,013|5336||
|INVFSThIENTS|||||||||||
|||||||Group|||Group|and|
|||||||Joint|||Charity||
|||||||Ventures|||Investment
Property||
|||||||2020||2019|2020|2019|
|||||||f'000||E'000|f'000|f'000|
|Balance at I January||||||581||505|525|525|
|Share ofprofits retained||||||188||186|||
|Dividend
received
Difference on foreign exchange||||||(56)
~98|(44)
~66||||
|Balance at 31December||||||615||581|525|525|
##
##
##
##
##
##
##
|GROL'P|STO|CKS|||
|---|---|---|---|---|
||||2020|2019|
||||f'000|f'000|
|Raw matenals||and consumables|7,240|6,603|
|Fuushed|goods|mid goods for resale|12,603|11,559|
||||19,843|18,162|
##
|DEBTORS|||||||
|---|---|---|---|---|---|---|
||||C&roup||Charity||
||||2020|2019|2020|2019|
||||8'000|f'000|f'000|f'000|
|Trade debtors|||37,218|36,737|||
|Amounts
owed||by group undertakmgs|||1,135|709|
|Corporation|tax recoverable||472|396|||
|Other taxation||recoverable|448|418|||
|Other debtors|||1,152|932|||
|Prepayments|and accrued mcome||1,241|1,327|||
||||~40 531|39,810|l&135|709|
##
##
##
##
|CREDITORS: AMO|UNT|S|FALLING DUE WITHIN|ONF. YFAR||||
|---|---|---|---|---|---|---|---|
||||||Group|Charity||
|||||2020|2019|2020|2019|
|||||E'000|E'000|E'000|I*000|
|Bank loans||||596|554|||
|Bank and other borrowings|||(note 20)|596|554|||
|Trade creditors||||31,537|26,316|||
|Amounts
owed to group undertakings||||||41|29|
|Bills ofexchange payable||||229|334|||
|Corporation
tax||||251|409|||
|Other taxation
and social secunty||||2,025|1,543|||
|Other creditors||||633|508|||
|Accruais and deferred|mcome|||8,167|7,396|||
|||||43,438|37,060|42|30|
|CREDITORS: AMOUNTS|||FALLIiNC DUE AFTER|MORE THAN ONE YEAR||||
||||||Group|||
||||||2020|2019||
||||||E'000|E'000||
|Loans||||||||
|Within one to two years|||||495|461||
|Within two to five years|||||1,112|1.164||
|in five years or more|||||284|570||
||||||~1891|~2195||
|Derivative
financial|instruments|||||||
|In five years or more|||||102|116||
||||||1,993|2,311||
|LOANS AND OTHER BORROWINGS||||||||
|Loans repayable,
included||within creditors, are analysed||as follows:||||
||||||Group|||
||||||2020|2019||
||||||EOOO|E000||
|Due within one year|or on||demand|||||
|Bank Loans and overdrafts|||||596|554||
|Due after more than|one|year||||||
|Bank Loans and overdrafts|||||1,891|2,195||
|Total borrowings|||||2,487|2,749||
|Maturity offinancial|liabilities:|||||||
|In one year or less, or|on demand||||596|554||
|In more than one year,|but|not more than two years|||495|461||
|In more than two years, but|||not niore than five years||1,112|1,164||
|In more than five years|||||284|570||
||||||2,487|2,749||
##
##
##
##
##
||||||||Group||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
|Details ofloans not|wholly repayable|within|five years are||as follows||f000|f000|
|EURIBOR venable|rate secured loans payable|||in quarterly|mstalments|until July 2026|244|534|
|Loans with interest|payable over 60months||||||40|36|
||||||||284|570|
##
##
|Group||||Permanent||Leaving|Retirement|Deferred||
|---|---|---|---|---|---|---|---|---|---|
|||||Establishment|Enviromnental|Provisions|Benetiu|1ax|Total|
|||||f'000|f'000|f:000|I'000|f'000|I'OOO|
|Atl January 2020||||1,581|450|1,976|1,901|1.447|7,355|
|Foreign|exchange|impact||||(59)|52|835|828|
|Aruounts
and loss|charged
account|to the profit||(1,331)|330|281|400|(600)|(920)|
|Amounts|used during||the year|(250)||(221)|(59)|2|(528)|
|At 31 December 2020|||||780|1,977|2,294|1,684|6,735|
##
##
##
##
##
##
##
|eferred tax|ation:|||||||
|---|---|---|---|---|---|---|---|
|The deferred|tax liability|consists ofthe following||babilities|/ (assets):|||
|||||||2020|2019|
|||||||f'000|f,'000|
|Excess ofcapital allowances|||over depreciation|||1,893|740|
|Short term timing differences||||||(884)|(782)|
|Revaluation|oftangible|assets||||3|16|
|Post-employment
benefits||||||1,732|1,732|
|Losses||||||(1,060)|(259)|
|||||||1,684|1,447|
##
##
##
##
|||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
|Rates ofincrease m salsnes||||||||n/a|iga|
|Rate ofincrease m 5%LPI|pensions||m|payment||||3.20'/o|3 20%|
|Rate ofincrease m 56' LPI|pensions||with||3.5%underpin|in payment||3.80'/o|3.80'/o|
|Rate ofincrease in pensions|in defernient|||||||2 20%|2 20'/o|
|Discount rate||||||||I 15%|2.00'/o|
|Inflation
assuniption||||||||3.20%|3.20/'o|
|Assumed
life expectancies|an retirement||||at age 60:|||2020|2019|
|||||||||Years|Years|
|Retiring
today|||||||Males|26.6|26 5|
||||||||Females|29.1|28.9|
|Retinng
in 10years|||||||Males|27.2|27.1|
||||||||Females|29.9|297|
|Reconcdiation ofscheme assets and|||liabihties||||Assets|Liabilities|Total|
||||||||f'000|I'000|E'000|
|At I January
2020|||||||150.713|140,524|10,189|
|Remeasurement
gains! (losses)||||||||||
|- Fxperience
gains an liabilities||||||||3,329|3,329|
|- Changes
to demographic|assumptions|||||||2.961|2,961|
|- Actuarial
gain||||||||(18,787)|(18,787)|
|- Rerun& on plan assets excludmg||interest|||income||16,515||16,515|
|Net remeasurement
gams|||||||16,515|(12,497)|4,018|
|Benefits paid|||||||(6,633)|6,633||
|Employer
contributions
Interest income'(expense)|||||||789
2.929|-
~2.747|789
212|
|At 31 December 2020|||||||164,343|(149,135)|15,208|
|No amounts
(2019;Nil) were mcluded||||m|the cost ofassets.|||||
|||||||||2020|2019|
|The fair values ofthe plan assets||were:||||||6'000|E'000|
|E4)uittes||||||||11,197|14,569|
|Gi its and I.DI funds||||||||119,400|103,698|
|Corporate Bonds||||||||29,492|26,921|
|Cash & net current assets||||||||4,254|1,525|
|||||||||164,343|150,713|
##
##
##
##
##
##
|GROUP|GROUP|||Revaluation|Linrestricted|Total|
|---|---|---|---|---|---|---|
|||||reserve|income funds||
|||||(Designated|||
|||||Fund)|||
|||||f000|f000|5000|
|At|1 January||2019|659|86,416|87,075|
|Net|movement||in funds||4,083|4.083|
|Revaluation||transfer||(64)|64||
|At|1 January||2020|595|90,563|91,158|
|Net|movement||m funds||16,096|16,096|
|Revaluation||transfer||(63)|63||
|At|31 December 2020|||532|106,722|107,254|
##
##
|CHARITY||Revaluation|I;nrestricted|Total|
|---|---|---|---|---|
|||reserve|income funds||
|||f000|f000|8000|
|At
I January|2019|517|867|1,384|
|Net movement|in funds||||
|At I January|2020|517|873|1,390|
|Net movement|in funds||493|493|
|At 31 December 2020||517|1,366|1,883|
##
|al
Reconciliation
o|fnet|incoming
reso|urces
to net cash provid|ed
by ope|rating
activities|||
|---|---|---|---|---|---|---|---|
|||||2020|2019|||
|||||8'000|D000|||
|Net Income for the financial||year||13,178|6,503|||
|Interest payable||||(253)|(395)|||
|Interest receivable|||||83|||
|Taxatlorl||||(233)|1,195|||
|Share ofoperatmg
profii|m Joint ventures|||(188)|(186)|||
|Loss on disposal offixed|assets|||9|131|||
|Depreciation
and amortisation||||53410|5,072|||
|Exchange difference||||(699)|(7I2)|||
|Contnbutions
to UK defined||benefit pension|scheme|(789)|(630)|||
|Movement
m stocks||||(1,683)|4,064|||
|istlovernent
decrease in debtors||||(671)|6,461|||
|Movement
in creditors||||6,299|(4,886)|||
|Movement
in provisions||||(855)|620|||
|Net cash provided
by operating
activities||||19,622|17,320|||
|b)
Analysis ofchanges||in net debt||||||
||||At I January||Cash flows|At 31 December||
|Group|||2020|||2020||
|Cash and Equivalents:||||||||
|Cash|||27,666||12,999|40,665||
|Borrowings:||||||||
|Borrowmgs
—repayable
Borrowings - repayable|within one year
after one year||(554)
~2, 193||(42)
304|(596)
~2.992||
||||(2,749)||262|(2,487)||
|Net Cash|||24,917||13.23|39|911|
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|The|followmg|amounts|ofassets,|habilities|and contingent|liabihties|were|recognised|at the acquisition|date|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||AUD|$'000|GBP|f'000 *||
||||Stock|||694||392|||
||||Property,|Plant &Equipment||47||27|||
||||Long Service l,iabilities|||~)3||L7)|||
|||||||728||412|||
||||Freehold|Property||1 300||734|||
||||Total|||2.028||1,146|||
||||Goodwill|||176||101|||
||||Total|||2 204||1r246|||
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