| Page | ||
|---|---|---|
| Trustees' report |
1-9 | |
| Independent auditor's |
report | 10-12 |
| Statement offinancial | activities | 13 |
| Balance sheet | 14 | |
| Statement ofcash flows |
15 | |
| Notes to the accounts | 16-25 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||||
| Notes | |||||||||
| Income from: | |||||||||
| Investments | 740,681 | 740,681 | 737,362 | 737,362 | |||||
| ~E* dit |
|||||||||
| Charitable activities- |
|||||||||
| rant ivin ro |
ra | me | |||||||
| Care re | 4 | 602,393 | 602,393 | 322,237 | 322,237 | ||||
| Rehabilitation | 4 | 252,532 | 252,532 | 287,874 | 287,874 | ||||
| Relief of Poverty | 4 | 10,535 | 10,535 | 13,291 | 13,291 | ||||
| Total charitable | expenditure | 865,460 | 865,460 | 623,402 | 623,402 | ||||
| Net expenditure | (124,779) | (124,779) | 113,960 | 113,960 | |||||
| Net gains/(losses) | on | ||||||||
| investments | 9 | 3,987,824 | 3,987,824 | (970,154) | (970,154) | ||||
| Net | |||||||||
| (outgoing)/incoming | |||||||||
| resources before |
(124,779) | 3,987,824 | 3,863,045 | 113,960 | (970,154) | (856,194) | |||
| Gross transfers | |||||||||
| between funds |
(e6,43e) | e6,438 | 250,025 | (250,025) | |||||
| Net movement | in | funds | (211,217) | 4,074,262 | 3,863,045 | 363,985 | (1,220,179) | (856,194) | |
| Fund balances brought |
|||||||||
| forward | 721,527 | 19,077,343 | 19,798,870 | 357,542 | 20,297,522 | 20,655,064 | |||
| Fund balances | carried | ||||||||
| forward | 510,310 | 23,151,605 | 23,661,915 | 721,527 | 19,077,343 | 19,798,870 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | f | 6 | ||||
| Fixed assets | ||||||
| Tangible assets | 10 | 2,024 | 2,671 | |||
| Investments | 11 | 22,893,899 | 18,819,877 | |||
| 22,895,923 | 18,822,548 | |||||
| Current assets | ||||||
| Debtors | 12 | 1,745 | 1,697 | |||
| Investments | 13 | 257,706 | 257,466 | |||
| Cash at bank and in | hand | 564,779 | 783,317 | |||
| Funds with fund manager | 15,962 | 42,988 | ||||
| 840,192 | 1,085,468 | |||||
| Creditors: amounts | falling due within | 14 | ||||
| one year | (74,200) | (109,146) | ||||
| Net current assets | 765,992 | 976,322 | ||||
| Total assets less current liabilities | 23,661,915 | 19,798,870 | ||||
| Capital funds | ||||||
| Expendable endowment |
23,151,605 | 19,077,343 | ||||
| Income funds | ||||||
| Unrestricted funds |
510,310 | 721,527 | ||||
| 23,661,915 | 19,798,870 | |||||
| The financial statements | were approved | by the Trustees | on ......!9:........P.~~ |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | ||||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
18 | (899,672) | (672,582) | ||||
| Investing | activities | ||||||
| Purchase | oftangible fixed assets |
(135) | (2,798) | ||||
| Purchase | of investments | (86,438) | |||||
| Proceeds | on disposal of investments | 250,024 | |||||
| Interest and dividends received |
740,681 | 737,362 | |||||
| Net cash | generated from Investing |
||||||
| activities | 654,108 | 984,588 | |||||
| Net cash | used In financing |
activities | |||||
| Net (decrease)/Increase in |
cash and | cash | |||||
| equivalents | (245,564) | 312,006 | |||||
| Cash and | cash equivalents | at beginning | ofyear | 826,305 | 514,299 | ||
| Cash and | cash equivalents | at end of | year | 580,741 | 826,305 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| Income | from listed investments | 740,284 | 736,509 |
| Interest | receivable | 397 | 853 |
| 740,681 | 737,362 |
| 2021 | 2020 | |
|---|---|---|
| 6 | ||
| Carers | ||
| Grants to institutions 31 grants (2020:31) |
||
| Action for Family Carers | 8,800 | |
| Blackburn with Darwen Carers Service |
5,000 | |
| Bridgend Carers |
37,300 | 15,000 |
| Carers Forum Stirling | 7,901 | |
| Carers Link East Dumbartonshire | 4,190 | |
| Carers Link Lancashire | 9,000 | 22,500 |
| Carers Milton Keynes |
7,437 | |
| Carers Outreach Service |
19,700 | 10,000 |
| Carers Support Merton |
27,878 | 11,555 |
| Carers Together | 27,580 | |
| Carers UK |
20,000 | |
| Carers' Voice Norfolk and Waveney | 9,990 | |
| Caring Breaks | 2,550 | |
| Cranfield Trust |
25,000 | |
| Creative Carers | 15,000 | |
| Crossroads East Lancashire |
16,213 | |
| Family Tree Wirral | 21,000 | |
| Fife Carers | (10,000) | 10,000 |
| Gateshead Carers Association |
6,783 | |
| Greenwich Carers Centre |
29,066 | 25,000 |
| Harrow Carers | 28,436 | 14,850 |
| Hillingdon Carers |
9,316 | |
| Hopelinks | 9,650 | |
| Kindred Advocacy | 7,751 | |
| Kinship | 50,000 | |
| Kinship Care Midlothian | 26,794 | 9,400 |
| Lagan's Foundation |
30,175 | 22,500 |
| Lifted Carers | 19,000 | |
| More than Grandparents | 17,264 | |
| Newcastle Carers |
10,000 | 15,000 |
| North Argyll Carers Centre |
7,700 | |
| Promas Caring for People CIC | 29,217 | 25,000 |
| Redbridge Respite Care Association |
22,687 | |
| Scarborough and Ryedale Carers Resource |
28,309 | 26,860 |
| Signpost Stockport for Carers | 28,900 | |
| Solihull Carers Centre | 10,000 | |
| Southend Carers Forum |
5,850 | |
| 551,787 | 287,315 |
| FO | R THE YEAR E | NDE | D 31MARCH 2021 | ||
|---|---|---|---|---|---|
| 5 | Grants payable | ||||
| Rehabilitation | |||||
| abandofbrothers | 15,000 | ' 20,000 | |||
| Circles UK | 35,000 | ||||
| Circles SW | 12,765 | ||||
| Clean Sheet | 20,000 | ||||
| Code 4000 | 25,000 | ||||
| Community Chaplaincy |
Association | 25,000 | |||
| Finding Rythms |
10,000 | ||||
| Freedom Unlimited |
Enterprises | 25,000 | |||
| Inside Out Support | Wales | 3,200 | |||
| Junction 42 Foundation | 13,833 | ||||
| On the Out | 13,764 | ||||
| Open Gates | 20,000 | ||||
| Oswin Project | 15,216 | ||||
| Prison Radio Association | 14,205 | ||||
| Quest (Nl) | 15,798 | 22,568 | |||
| The Reasons Why | Foundation | 10,800 | |||
| Recoop | 15,000 | ||||
| Re-Shape | 20,000 | ||||
| Safe Welcome After Prison | 12,922 | 12,922 | |||
| Spark Inside | 20,000 | ||||
| Tempus Novo |
15,000 | ||||
| Turnaround Project |
25,000 | ||||
| Women in Prison |
50,000 | ||||
| 231,317 | 256,676 | ||||
| Relief of poverty | |||||
| Grants to individuals | 9 grants (2020:11) | 9,650 | 11,850 | ||
| 792,754 | 555,841 |
| FO | R THE YEAR | R THE YEAR | E | NDED | 31MARCH 20 | 21 | |||
|---|---|---|---|---|---|---|---|---|---|
| 6 | Support costs | ||||||||
| Supportcosts | Governance | 2021 | 2020 | ||||||
| costs | |||||||||
| 6 | |||||||||
| Staff costs | 54,418 | 54,41 8 | 43,488 | ||||||
| Depreciation | 782 | 782 | 755 | ||||||
| Rent, insurance | and service | charges | 5,379 | 5,379 | 5,518 | ||||
| Printing, postage, |
telephone | and stationery | 79 | 79 | 781 | ||||
| Staff training | and | recruitment | 280 | 280 | 1,056 | ||||
| Computer supplies, website |
and support | 5,551 | 5,551 | 1,078 | |||||
| Grant monitoring | and staff travel expenses | ||||||||
| 2,745 | |||||||||
| Other general | support costs | 1,708 | 1,708 | 1,994 | |||||
| Consultancy | fees | 1,157 | |||||||
| Audit fees | 4,200 | 4,200 | 4,200 | ||||||
| Trustee travel | and | meetings | 309 | 309 | 4,449 | ||||
| Trustee training | and recruitment | 340 | |||||||
| 68,197 | 4,509 | 72,706 | 67,561 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Number | Number | ||||
| Grant administration | and support | ||||
| Employment costs |
2021 | 2020 | |||
| 5 | |||||
| Wages and | salaries | including | salary sacrifice benefits | 52,420 | 42,194 |
| Social secudity costs | 810 | 561 | |||
| Employer's | pension | costs | 1,188 | 733 | |
| 54,418 | 43,488 |
| Endowment | Endowment |
|---|---|
| funds | funds |
| general | general |
| 2021 | 2020 |
| 3,987,824 | (970,154) |
| FO | R THE YEAR ENDED 31MARCH 2021 | R THE YEAR ENDED 31MARCH 2021 | R THE YEAR ENDED 31MARCH 2021 | |
|---|---|---|---|---|
| 10 | Tangible fixed assets | |||
| Office fittings and equipment | ||||
| 6 | ||||
| Cost | ||||
| At 1 April 2020 | 12,160 | |||
| Additions | 135 | |||
| At 31 March | 2021 | 12,295 | ||
| Depreciation | and impairment | |||
| At 1 April 2020 | 9,489 | |||
| Depreciation | charged | in the year | 782 | |
| At 31 March | 2021 | 10,271 | ||
| Carrying amount |
||||
| At 31 March | 2021 | 2,024 | ||
| At 31 March | 2020 | 2,671 | ||
| 11 | Fixed asset | investments | ||
| Listed | ||||
| investments | ||||
| 6 | ||||
| Valuation | ||||
| At 31 March | 2021 | 18,819,877 | ||
| Additions | 86,438 | |||
| Valuation changes |
3,987,584 | |||
| At 31 March | 2021 | 22,893,899 | ||
| Carrying amount |
||||
| At 31 March 2021 | 22,893,899 | |||
| At 31 March 2020 | 18,819,877 |
| The asset allocation within the collective investment fund on March 2021: |
a look though basis was as follows at 31st |
|---|---|
| 0/ | |
| Fixed Income | 11 5Q% |
| UK Equities | 19.50% |
| Global Equities | 52.50% |
| Property | 2.40% |
| Alternative Assets |
8.00% |
| Liquid Assets | 6.40% |
| 100% |
| Debtors | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Amounts | falling due within | one year: | E | E | |
| Other debtors | 423 | 423 | |||
| Prepayments | and accrued income | 1,322 | 1,274 | ||
| 1,745 | 1,697 | ||||
| Current | asset | investments | |||
| 2021 | 2020 | ||||
| 6 | E | ||||
| Listed investments | 257,706 | 257,466 |
| Credit | ors: amounts falling due within one year |
||
|---|---|---|---|
| 2021 | 2020 | ||
| f | f. | ||
| Grants | payable | 70,000 | 104,942 |
| Other | accruals | 4,200 | 4,204 |
| 74,200 | 109,146 |
| Analysis | o | f net assets | between funds |
|||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | |||
| funds | funds | funds | funds | |||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |||
| f | f | f | f | f | f | |||
| Fund balances are | ||||||||
| represented | by: | |||||||
| Tangible | assets | 2,024 | 2,024 | 2,671 | 2,671 | |||
| Investments | 22,893,899 | 22,893,899 | 18,819,877 | 18,819,877 | ||||
| Current | assets/(liabilities) | |||||||
| 508,286 | 257,706 | 765,992 | 718,856 | 257,466 | 976,322 | |||
| 510,310 | 23,151,605 | 23,661,915 | 721,527 | 19,077,343 | 19,798,870 |
| 2021 | 2020 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| f | 6 | ||||||||||||
| Within one year | 870 | 811 | |||||||||||
| 17 | Related party transactions | ||||||||||||
| Remuneration of key management |
personnel | ||||||||||||
| The remuneration of key management |
personnel | is as follows. | |||||||||||
| 2021 | 2020 | ||||||||||||
| 6 | |||||||||||||
| Aggregate compensation |
49,011 | 34,764 | |||||||||||
| Aggregate compensation includes |
gross | salary | and all | employee | benefits, | but excludes | employer's | national | |||||
| insurance liabilities which were |
covered | by | the employer's national |
insurance | incentive. | ||||||||
| Details oftrustee expenses are | disclosed | in | note | 7. There were no | other transactions | involving related |
parties. | ||||||
| 18 | Cash generated from operations |
2021 | 2020 | ||||||||||
| 6 | |||||||||||||
| Surplus/(deficit) for the year |
3,863,045 | (856,194) | |||||||||||
| Adjustments for: |
|||||||||||||
| Investment income recognised |
in statement | offinancial activities |
(740,681) | (737,362) | |||||||||
| Fair value gains and losses on | investments | (3,987,824) | 970,154 | ||||||||||
| Depreciation and impairment oftangible |
fixed assets | 782 | 755 | ||||||||||
| Movements in working capital: |
|||||||||||||
| (Increase)/decrease in debtors |
(48) | 273 | |||||||||||
| (Decrease) in creditors |
(34,946) | (50,208) | |||||||||||
| Cash absorbed by operations |
(899,672) | (672,582) | |||||||||||
| 19 | Analysis ofchanges in net funds |
||||||||||||
| The charity had no debt during | the year. |