| PAGE | ||
|---|---|---|
| Report ofthe Executive Committee | ||
| Independent auditors' |
report | |
| Statement ofFinancial | Activities | |
| Income and Expenditure Account |
||
| Balance Sheet | 10 | |
| Notes to the Financial | Statements | 11-19 |
| Legal and | Legal and | administrative | administrative | details | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Registered | Name | The Footwear | Benevolent | Society | |||||||||
| Working | Name | Footwear Friends | |||||||||||
| Charity | Registration | Number | 222117 | ||||||||||
| Registered | Office and | Principal | |||||||||||
| Place of | Operation | Footwear Benevolent Society | |||||||||||
| PO Box77403 | |||||||||||||
| London | |||||||||||||
| SW9 1FG | |||||||||||||
| Independent | Examiners | MHA Maclntyre | Hudson | ||||||||||
| Moorgate House | |||||||||||||
| 201 Silbury Boulevard | |||||||||||||
| Milton Keynes | |||||||||||||
| MK9 ILZ | |||||||||||||
| Bankers | Natwest Bank | pic. | |||||||||||
| Addiscombe | |||||||||||||
| 209Lower Addiscombe | Road | ||||||||||||
| Croydon | |||||||||||||
| Surrey | |||||||||||||
| CRO 6RB | |||||||||||||
| Executive | Committee | ||||||||||||
| Members | ofthe Executive | Committee | are as details below: | ||||||||||
| President | D.E.Lockyer | ||||||||||||
| Chairman | D.E.Lockyer | ||||||||||||
| Honorary | Treasurer | M. Collins | |||||||||||
| Ordinary | Mem hers | T.C.Cooper | |||||||||||
| J.A, Donaghue | (Representative | Worshipful | Company ofPattenmakers) | ||||||||||
| D.Gyves | |||||||||||||
| H. Jacobson | |||||||||||||
| M.Jeffery | |||||||||||||
| P.J.Lamble (Representative | Worshipful | Company ofCordwainers) | |||||||||||
| J.G.F.Morgan | |||||||||||||
| SO'Hare | |||||||||||||
| M. Watson-Smith | |||||||||||||
| L.Recce-Raybould | |||||||||||||
| S.Reason (Elected | 4February | 2021 and | was aco-opted member | up until | |||||||||
| this date) |
| Note | Total | Total | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 8 | |||||
| Incoming Resources | |||||
| Incoming from | |||||
| Donations and legacies |
32,044 | 43,354 | |||
| Activities for generating | funds | 18,495 | 30,515 | ||
| Investment income |
51,001 | 61,359 | |||
| Other operating income | 10,091 | ||||
| Total Income | 111,631 | 135,228 | |||
| Expenditure | |||||
| Costs ofraising funds | |||||
| Fundraising costs |
14,290 | 23,516 | |||
| Expenditure on charitable |
activities | 82,827 | 85,568 | ||
| Governance costs |
17,840 | 15,488 | |||
| Total expenditure | 114357 | 124,572 | |||
| Net incoming/(outgoing) | resources | before gains and losses on | (3,326) | 10,656 | |
| investments | |||||
| Net gains and losses on Unrealised (loss)/gain on |
investments investment |
assets | 13 | ~275.6727 | 43,814 |
| Net movement in funds |
(118,998) | 54,470 | |||
| Total funds brought forward at 1 February 2020 |
1,405,493 | 1,351,023 | |||
| Total funds carried forward at31January 2021 | 22 | $1,286,495 | 1,405,493 |
| 2021 | Funds | Cost ofraising | Net | ||
| Generated | funds | Income | |||
| 8 | |||||
| Footwear Friends | event | ||||
| GolfDays | 11,350 | 11,350 | |||
| Other fundraising | events | 7,145 | 7,145 | ||
| 18,495 | 18,495 | ||||
| Staffcosts (note 11) | (9,677) | (9,677) | |||
| Property expenses | (2,789) | (2,789) | |||
| Support costs | 1 824 | 1 824 | |||
| 18,495 | 14,290) | 4,205 | |||
| 2020 | Funds | Cost ofraising | Net | ||
| Generated | funds | Income | |||
| Footwear Friends event- Crypt | on the Green | 17,687 | (11,544) | 6,143 | |
| GolfDays | 5,350 | 5,350 | |||
| Other fundraising | events | 747$ | 7478 | ||
| 30,515 | (11,544) | 18,971 | |||
| Staffcosts (note 11) | (7,899) | (7,899) | |||
| Property expenses | (2,928) | (2,928) | |||
| Support costs | 1 145 | 1 145 | |||
| 30,515 | 23 516 | 6999 | |||
| Investment income |
|||||
| 2021 | 2020f | ||||
| Dividend income | 50,856 | 61,007 | |||
| Bank interest | 145 | 352 | |||
| 51,001 | 61,359 | ||||
| Other operating | income | ||||
| 2021 | 2020 | ||||
| f | |||||
| Job retention scheme government |
grant | 5,091 | |||
| Covid support grant | 5000 | ||||
| 10,091 |
| Relief ofneed, hardship | Relief ofneed, hardship | and distress: | 2021 | 2020 |
|---|---|---|---|---|
| Grants to beneficiaries Staffcosts (note 11) Property expenses |
(note 7) | 63,774 12,903 3,719 |
69,605 10;532 3,904 |
|
| Support costs | 2431 | I 527 | ||
| 82,827 | 85,568 | |||
| Grants to beneficiaries | ||||
| 2021 | 2020 | |||
| Half Yearly Allowances December Bonus Grants Cordwainers Christmas Mid Year Grants Christmas Grants One OffGrants Holiday Grants |
Grants | 15,520 3,680 4,000 18,000 18,615 3,959 |
15,640 4,680 3,000 17,123 18,670 10,492 |
|
| 63,774 | 69,605 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 'f | ||||
| Staffcosts (note 11) Property expenses Independent Examination Accountancy |
Fee | 9,677 2,789 2,400 480 |
7,899 2,928 2,400 480 |
|
| Support costs Depreciation |
1,824 245 |
1,145 225 |
||
| Ofnce and trustees Indemnity | insurance | 425 | 411 | |
| 17840 | 15,488 |
| The aggregate payroll costs ofthese persons were as fol |
lows: | |
|---|---|---|
| 2021 | 2020 | |
| g | ||
| Wages and salaries Social security |
32,257 | 26,330 |
| Pension | 512 | 439 |
| 32,769 | 26,769 |
| Fixtures, | ||
|---|---|---|
| Fittings and | ||
| Equipment | ||
| Cost | ||
| At 1February Additions |
2020 | 5,180 2 143 |
| At31January | 2021 | 7.323 |
| Depreciation | ||
| At 1February | 2020 | 3,906 |
| Charge for the | year | 245 |
| At31January | 2021 | 4 151 |
| Net Book Value | ||
| At 31January | 2021 | 3172 |
| At31January | 2020 | 1274 |
| 2021 | 2020 | |
|---|---|---|
| Market value at 1February 2020 Additions |
1,306,358 | 1,262,544 |
| Disposals | ||
| Unrealised gain/(loss) |
115,672 | 43,814 |
| Market value at31January 2021 | 1,190,686 | 1,306,358 |
| Historical cost at31January 2021 | 960,308 | 960,308 |
| Investments analysed as: |
||
| Listed investments | 1,190,686 | 1,306,358 |
| Details oflisted investments: | 2021 | 2020 |
| Value | Valuef | |
| Equities Fund for Charities (Charifund) Charities Property Fund |
612,754 577932 |
713,133 593225 |
| 1,190686 | I 306358 |
| 14. | Debtors | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f | ||||
| Prepayments | 824 | 170 | ||
| Accrued income | 11,537 | 12,207 | ||
| Other debtors | 2,446 | 2,980 | ||
| 34 SD7 | 33,367 | |||
| 15. | Creditors —amounts | falling due within one year | ||
| 2021f | 2020 | |||
| Accruals | 2,400 | 2,415 | ||
| Other creditors | 3,780 | 160 | ||
| 6 ISD | 2,575 |
| Creditors —amounts falling due within one year (continued) |
|
|---|---|
| Deferred income | |
| Deferred income at 1 February 2020 | 160 |
| Resources deferred during the year |
3,620 |
| Amounts released fiom previous years | |
| Deferred income at 31January 2021 | 3780 |
| 2021 | 2020 | ||
|---|---|---|---|
| f. | |||
| Property | costs | 9,297 | 9,758 |
| Support | costs | 6078 | 3,817 |
| 15375 | 13575 |
| nalysis of | net assets between | funds | |||
|---|---|---|---|---|---|
| Tangible fixed | Net current | ||||
| assets | Investments | assets | Total | ||
| g | |||||
| Unrestricted | funds | 3,172 | 1,190,686 | 92,637 | 1386,495 |
| 3,172 | 1,190,686 | 92,637 | 1486,49$ |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Within Within |
one 2-5 |
year Years |
2,251 | 8,682 2,251 |
| 2,251 | 10,933 |
| BLCLeather Technology | BLCLeather Technology | 500.00 | Pentland Brands Plc. | 250.00 | ||
|---|---|---|---|---|---|---|
| BRIFFA | 250.00 | Prima Solutions Ltd. | 250.00 | |||
| British Footwear Association | 500.00 | Rubin Foundation Charitable |
Trust | 5,000.00 | ||
| Clarks International | 250.00 | Sanders &Sanders Ltd. | 382.00 | |||
| Dr Martens Foundation | S 2,500.00 | SATRA | 320.00 | |||
| Dune Group, The | 1,000.00 | Skechers UK&Ireland | 250.00 | |||
| Footsure South Eastern Ltd. | 500.00 | Start-rite Shoes Ltd. | 500.00 | |||
| HB Shoes | 264.00 | Stuart Marsh Group, The | 250.00 | |||
| ISA Holdings Ltd. | 500.00 | T&A Footwear Ltd. | 500.00 | |||
| Jacobson, H. | 1,200.00 | Timpson Ltd. | 500.00 | |||
| Jacobson Group, The | 300.00 | Watts, T. | 250.00 | |||
| Jeffery-West Ltd. | 300.00 | Wm Lamb Group | 500.00 | |||
| Lambeth Charitable | Organisation | Fund | K 5,000.00 | Worshipful Company of |
||
| Lilley Benevolent Trust, The | 1,000.00 | Cordwainers, The |
4,000.00 | |||
| Lockyer, D. | 250.00 | Worshipful Company of |
||||
| Micro-Pak Ltd | 12,500 | Pattenmakers, The |
1,800.00 | |||
| Pavers Ltd. | 250.00 |