| FOR THE YEAR ENDED 31STDE | CEMBER 2021 | |
|---|---|---|
| Unrestricted | funds | |
| 2021 | 2020 | |
| INCOME FROM: | f. | |
| Donations and legacies |
||
| Subscriptions and donations |
5,615 | 6,770 |
| Gift aid tax recovered | 1,261 | 1,295 |
| Charitable activities |
||
| Meetings and training |
13,105 | 5,053 |
| Government grants |
22,412 | 25,672 |
| Miscellaneous income |
||
| Investment income |
||
| Interest on deposits | 4 | 30 |
| Dividend income |
4270 | 3 187 |
| Total income | 46 667 | 42 007 |
| EXPENDITURE ON: | ||
| Raising funds | ||
| Investment brokers fees |
255 | 235 |
| Charitable activities |
||
| Meetings and training |
3,827 | |
| Property expenses | 7,328 | 6,039 |
| Supportcosts | ||
| Salaries and wages | 49,698 | 48,901 |
| Administration costs |
3.112 | 2,661 |
| Legal and professional charges |
840 | 406 |
| Accountancy | 5,973 | 4,710 |
| Bad debts | ||
| Depreciation and amortisation |
623 | 773 |
| Total expenditure | 71 656 | 63725 |
| (24,989) | (21,718) | |
| Net gains / (losses) / on investments |
6 722 | ~4281 |
| Net income / (expenditure) |
(18,267) | (25,999) |
| Fund balances at 1stJanuary 2021 | 446 789 | 472 788 |
| Fund balances at 31stDecember 2021 | 428 522 | 446 789 |
| B | ALANCE SHE | ET AS AT | 31STDECEM | BER 2021 | ||
|---|---|---|---|---|---|---|
| Note | 2021 | 2020 | ||||
| Fixed assets | ||||||
| Tangible assets | 2,257 | |||||
| Intangible assets | ||||||
| Investments | 408 132 | 397842 | ||||
| 410,389 | 397,842 | |||||
| Current assets | ||||||
| Stocks | 9 | 59 | 59 | |||
| Debtors | 10 | 1509 | 30,555 | |||
| Bank balances and cash | 25959 | 22 953 | ||||
| 27,527 | 53,567 | |||||
| Creditors | ||||||
| Amounts falling due within |
one year | 9394 | 4 620 | |||
| Net current assets | 18133 | 48 947 | ||||
| Net assets | 428 522 | 446 789 | ||||
| Reserves | ||||||
| General fund - unrestricted | fund | 428 522 | 446 789 |
| 5.Trustee remuneration and |
other be | nefits | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| No trustees' remuneration |
or other | benefits were paid during the year. | ||
| Trustees' expenses | ||||
| No expenses were paid to trustees | in 2021 or 2020. | |||
| 6.Staff numbers and costs |
||||
| Office | ||||
| Salaries | 42,767 | 42,124 | ||
| Pension scheme contributions | 6,931 | 6,442 | ||
| National insurance |
335 | |||
| 4~698 | ~4901 | |||
| No employee received emoluments |
ofmore than 660,000. | |||
| 7.Tangible fixed assets | ||||
| 2021f | 2020 | |||
| Cost | ||||
| At 1stJanuary 2021 | 70,641 | 41,315 | ||
| Additions | ||||
| At 31stDecember 2021 | TD 641 | 41 315 | ||
| Depreciation | ||||
| At 1stJanuary 2021 | 67,761 | 40,542 | ||
| Charge for the year At 31stDecember 2021 |
623 68 384 |
773 41 315 |
||
| Net book value | ||||
| At 31stDecember 2021 | 2257 | |||
| At 31stDecember 2020 | 2880 | 773 |
| 8.Investments | F | O | R | THE YE | AR | ENDED 31STDECE | MBER 2021 | |
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Market value | f, | |||||||
| As at 1stJanuary 2021 | 338,878 | 340,118 | ||||||
| Purchases at cost |
4,240 | 3,180 | ||||||
| Sales proceeds Revaluation |
(20,126) 32 127 |
(139) ~4281 |
||||||
| As at 31stDecember | 2021 | |||||||
| (All quoted on a recognized | stock exchange) | 355,119 | 338,878 | |||||
| Cash held by investment | managers | for | reinvestment | 19,956 | 502 | |||
| Cash Bond | 29 712 | 29 712 | ||||||
| The group Shares in subsidiaries |
404,787 3345 |
369,092 28 750 |
||||||
| The company | 408 132 | 397842 | ||||||
| Shares in subsidiaries |
||||||||
| Name: Palm Training | Limited | |||||||
| Company number: 02950970 (England |
and Wales) | |||||||
| Nature ofbusiness: Training | ||||||||
| Class ofshares: Ordinary | - | Holding: | 100% | |||||
| Aggregate capital and Profit for the period |
reserves | 3,345 | 3,345 3 335 |
|||||
| 9.Stocks | ||||||||
| 2021 | 2020 | |||||||
| E | ||||||||
| Medals | 59 | 59 | ||||||
| 10. Debtors | ||||||||
| 2021 | 2020 | |||||||
| Trade debtors | 1,509 | 150 | ||||||
| Amounts owed by group Prepayments |
company | ~109 | 30,247 158 30555 |
|||||
| 11.Creditors: amounts | falling | due within | one year | |||||
| Trade creditors | 1,020 | 694 | ||||||
| Other creditors | 3,894 | 46 | ||||||
| Accruals and deferred | income | 4480 | 3880 | |||||
| 9 394 | 4 620 |