2021-12-31-accounts - Royal Variety Charity

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CONTENTS			Page
Reference and Administrative		Details
Trustees' Report			3 - 10
Statement ofFinancial	Activities
Balance Sheet			12
Cash Flow Statement			13
Notes to Financial Statements			14-22
Independent Auditors'	Report		23 -24

				2021
				8'000	'/o	f'000	o/o
Royal Variety Performance		(incl	TV income)	1,171	41'/o	504	17'/o
'Britain's	Got Talent'				-'/o	25	I '/o
Legacies				226	8'/o	2	-'/o
Donations,	appeals and investment		income	248	9'/o	801	27o/o
Residential	and nursing care fees			1,202	4I '/o	1,558	52o/o
Grants				41	I o/o	109	3o/o
				f2,888	100'/o	f2,999	100'lo

					Total	Total
					Funds	Funds
					2021	2020
				Note		8
Income from:
Donations and legacies:
Royal Variety Performance					821,206	139,327
TV fees (including Britain's Got Talent)					350,000	390,000
Legacies					225,671	1,803
Donations, appeals and	fundraising	events			136,603	676,154
Grants					40,955	108,687
Income from investments					111,856	124,325
Other Income						370
Income from charitable	activities
Residential and nursing	care fees				1,201,523	1,558,677
Total income					2,887,814	2,999,343
Expenditure on
Cost ofgenerating funds:
Royal Variety Performance					330,620	35,104
Investment management	costs				20,392	18,252
Other fundraising and publicity					300,381	348,336
Charitable activities
Brinsworth House Residential and		nursing	care		2,043,645	2,322,262
Charitable aid					182,319	150,913
Total expenditure				5	2,877457	2,874,867
Realised investment gain/(loss)				2	13,048	(46,662)
Unrealised investment gain				2	230,292	91,874
Net income/(expenditure)					253,797	169,688
Net movement in funds					253,797	169,688
Funds brought forward	as at I January		2021		10,577,23 I	10,407,543
Total funds as at 31 December 2021				11 4? 12	10,831,028	10,577,231

				Balance Sheet as at 31stDecember 2021	Balance Sheet as at 31stDecember 2021
				Note	2021 8	2020 8	f
Fixed Assets
Tangible assets				8a	5, I96,830		5,042,096
Intangible assets				8b
Investments				2	3,277,260		3,248,538
					8,474,090		8,290,634
Current Assets
Debtors				9	661,187	218,740
Cash at bank	and in hand				1,852,543	2,228,852
					2,513,730	2,447,592
Creditors: amounts		falling
due within one year				10	(156,792)	(160,995)
Net Current	Assets				2456,938		2486,597
Total Assets	less Current		Liabilities		10,831,028		10,577,231
Funds
General Reserves (Unrestricted)				11& 12	4,096,914		3,885,135
Fixed Asset Fund (Designated)				11& 12	5,196,830		5,042,096
Refurbishment	Fund	(Designated)		ll & 12	1,537,284		1,650,000
Total Funds					10,831,028		10,577,231

							2021	2020
Reconciliation ofnet income to net	cash	flow from	operating			activities
Net income for the reporting period							253,797	169,688
Depreciation and amortisation charges							99,012	98,537
Decrease/(Increase) in debtors							(442,447)	29,998
Increase/(Decrease) in creditors							(4,203)	(18,351)
Interest and dividends							(111,856)	(124,325)
(Gains)/Losses on investments							(243,340)	(45,212)
Cash flows from operating activities							(449,037)	110,335
Cash flows from investing activities
Dividends and interest received							111,856	124,325
Purchases oftangible assets							(253,746)	(29,513)
Withdrawal from investment portfolio							300,000
Purchase ofinvestments							(522,753)	(422,101)
Proceeds from sale ofinvestments							437,371	1,178,881
Net cash provided by/(used) in investing		activities					72,728	851,592
Change in cash and cash equivalents	in the	reporting	period				(376,309)	961,927
Cash and cash equivalents at the beginning		ofthe reporting			period		2,228,852	1,266,925
Cash and cash equivalents at the end of		the reporting		period			1,852,543	2,228,852
Notes to the Cashflow Statement							2021	2020
Analysis ofcash and cash equivalents
Cash at bank and in hand							1,852,254	2,228,852
Analysis ofnet debt						As at Iu	Cash flow	As at 3pa
						January		December
						2021		2021
Cash at bank and in hand						2228 852	376309	1,852,543

		Estimated Useful Life
Buildings		50years
Furniture,	Fixtures and Equipment	10years
Computers	and Office Equipment	3years
Trademarks	and Patents	5years

2.	FIXEDASSETS INVESTMENTS	FIXEDASSETS INVESTMENTS	FIXEDASSETS INVESTMENTS		2021	2020
					6
a)	Listed Investments
	Market Value as at I January		2021		3,248,538	3,085,106
	Add: addition to investments		at cost		209,424	367,101
	Increased retained cash				313,329	55,000
	Less: disposals				(437,371)	(330,365)
	Less: withdrawal				(300,000)
	Add/(deduct) net gains/(loss)		realised		13,048	(20,178)
	Add net gains on revaluations				230,292	91,874
	Market Value at 31"December 2021				3,277,260	3448,538
	There were no individual	listed investments		in excess of 5'Yoofthe total portfolio value.
					2021	2020
					f.
b)	Investment Income
	Dividend income				104,952	109,922
	Other interest receivable				6,904	14,403
					111,856	124/25
c)	Investment property
					2021	2020
	Market value brought forward
	As at 1 January 2021					875,000
	Less: disposal proceeds					(848,516)
	Less: loss on disposal					(26,484)
	Market value carried forward
	As at 31 December 2021
	Summary ofinvestments
	Listed and non-listed investments				3,277,260	3,248,538
	Investment property
					3477,260	3,248,538

3.	DONATIONS,	APPEALS AND FUNDRAISING	APPEALS AND FUNDRAISING	APPEALS AND FUNDRAISING	APPEALS AND FUNDRAISING			2021	2020
	EVENTS							Total	Total
	Donations							(36,603	676,154
	Other Fundraising		events
								136,603	676,]54
4.	Grants							2021	2020
								Total	Total
	infection Control		Fund					40,955	79,413
	Job Retention	Scheme							29,274
								40,955	108,687
5	(a)TOTAL EXPENDITURE 2021
					Brinsworth
					House
				Cost of	residential
				Generating	and nursing	Charitable	Governance	Support	Total
				Funds	care	Aid	Costs	Costs	2021
				8			8	8
	StatYand related costs			66,233	1,436,689	43,410		75,275	1,621,607
	Catering				112,047				I 12,047
	Laundry, cleaning and inedical				148,853				148,853
	Repairs and maintenance				54,304				54,304
	Utilities, rates and insurance				74,444			23,069	97,513
	Other running costs				27,748			1,085	28,833
	General office expenses			1,756				21,430	23,187
	Publicity and marketing			141,231					141,231
	Royal Variety Performance			330,620					330,620
	Other event costs			439					439
	Printing, postage and stationery							14890	14,890
	ITand equipment							22,697	22,697
	Audit						17,220		17,220
	Legal and professional						5,250		5,250
	Depreciation				98,837			176	99,013
	Bank charges							351	351
	Pensions and grants					138,909			138,909
	Investment management		costs	20,392					20,392
	Direct costs			560,671	1,952,922	182,319	22,470	158,975	2,877457
	Supportcost			79,487	79,488			(158.975)
	Governance cost			11,235	11,235		(22,470)
	Total Costs			651393	2,0434145	182319			2,877357

						Brinsworth	Brinsworth	Brinsworth
							House
				Cost of			residential
			Generating			and nursing			Charitable		Governance	Support	Total
				Funds			care		Aid		Costs	Costs	2020
											f.	8
Staff and related costs				64,802			1,580,658		27,555			112,835	1,785,850
Catering							119,051						119,051
Laundry, cleaning and medical							194,731						194,731
Repairs and maintenance							47,216						47,216
Utilities, rates and insurance							69,966					14,953	84,919
Other running costs							101,630					535	102,165
General oBiccexpenses				588					6,425			17,878	24,891
Publicity and marketing				163,538									163,538
Royal Variety Performance				35,104									35,104
Other event costs				2,339									2,339
Printing, postage and stationery												13,267	13,267
ITand equipment												24,466	24,466
Audit											16,800		16,800
Legal and professional											16,985		16,985
Depreciation							97,818					719	98,537
Bank charges												3,946	3,946
Pensions and grants									116,933				116,933
Investment Property expenses				5,877									5,877
Inveshnent management	costs			18,252									18,252
Direct costs				290,500			2,211,070		150,913		33,785	188,599	2,8743167
Support cost				94,300			94,299					(188,599)
Governance cost				16,892			16,893				(33,785)
Total Costs				401,692			2422462		150,913				2,874,867
STAFFCOSTS												2021	2020
												8
Wages and salaries												1,440,259	1,515,209
Social Security Costs												137,636	143,978
Pensions												34,336	34,354
Agency and contract staff												9,376	92,309
												1,621,607	1,785,850
The charity had one employee				earning	f60,000 or			more during		the	year (2020: I).
The total cost for	our four Key Management						during		the year was 6256,115(2020:
6256,564).
												2021	2020
												No.	No.
The average weekly number			ofemployees			analysed		by	function was:
Brinsworth House	residential		and nursing			care						46	53
Fundraising and publicity												2	2
Support staff												3	3
												51	58
The Charity had support		from		two volunteers			in the year (2020:two).

TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS		Furniture,	Computers
		Freehold	Fixtures 8c	And OITice
		Buildings	Equipment f	Equipment f	Total
Cost
As at 1stJanuary 2021		5,572,735	189,921	42,304	5,804,960
Additions		212,716	40,0 I5	1,015	253,746
As at 31st December 2021		5,785,451	229,936	43,319	6,058,706
Depreciation
As at 1stJanuary 2021		566,710	I53,970	42,184	762,864
Charge for year		91,478	7,359	175	99,012
As at 31st December	2021	658,188	161429	42,359	861,876
Net Book Value
As at 31st December	2021	5,127,263	68,607	960	5,196,830
As at 31st December	2020	5,006,025	35,951	]20	5,042,096

SIL	INTANGIBLE FIXEDASSETS	Trademarks
		and patents
	Cost
	As at 1stJanuary 2021	50,453
	Additions
	As at 31stDecember 2021	50,453
	Depreciation
	As at 1stJanuary 2021	50,453
	Charge foryear
	As at31stDecember 2021	50,453
	Net Book Value
	As at 31st December 2021
	As at 31stDecember 2020

9.	DEBTORS Residents k other	fees					2021f 616,864	2020f 175,230
	Prepayments						39,552	29,892
	Other debtors						4,771	13,618
							661,1$7	218,740
10.	CREDITORS: Amounts		falling due within		one year		2021	2020
	Trade Creditors						58,646	46,686
	Other taxes and social security			costs			32,274	46,123
	Accruals and deferred income						57,664	63,900
	Other creditors						8,208	4,286
							156,792	160,995
11.	(a) FUND BALANCES			1January				31 December
	2021			2021	Income f.	Expenditure f	Transfers f	2021f
	Unrestricted funds
	General reserves			3,885,135	3,031,154	(2,778,345)	(41,030)	4,096,914
	Designated funds
	Fixed asset fund			5,042,096		(99,012)	253,746	5,196,830
	Refurbishment fund			1,650,000	100,000		(212,716)	1,537,284
	Total unrestricted	funds		10,557,231	3,131,154	(2,877,357)		10,$31,028
11.	(b) FUND BALANCES			I January				31 December
	2020			2020f	Income	Expenditure f.	Transfers	2020
	Unrestricted funds
	General reserves			5,296,423	2,999,343	(2,731,118)	(1,679,513)	3,885,135
	Designated funds
	Fixed asset fund			5, I II, I20		(98,537)	29,513	5,042,096
	Refurbishment fund						1,650,000	1,650,000
	Total unrestricted	fuads		10,407,543	2,999443	(2,829,655)		10,577,231

12.	(a)ANALYSIS O	F NET ASSETSBETWEEN	FUNDS 2021
			Unrestricted	Designated
			Funds	Fundsf	Total 8
	Fund balances as	at 31 December 2021 are
	represented by: Fixed assets			5,196,830	5,196,830
	Intangible assets Investments		3,277,260		3,277,260
	Current assets		976,446	1,537,284	2,513,730
	Current liabilities		(156,792)		(156,792)
	Total net assets		4,096,914	6,734,114	10,831,028
12.	(b)ANALYSIS OF NET ASSETSBETWEEN		FUNDS 2020
			Unrestricted	Designated
			Funds	Funds	Total
	Fund balances as	at 31 December 2020 are
	represented by: Fixed assets			5,042,096	5,042,096
	Intangible assets Investments		3,248,538		3,248,538
	Current assets		797,592	1,650,000	2,447,592
	Current liabilities		(160,995)		(160,995)
	Total net assets		3,885,135	6,692,096	10)577,231
13.	OPERATING LEASES			2021	2020
					8
	Payable: Within I year Payable: 2 - 5years			57,454 228,560	50,764 205,014
				286,014	255,778