2022-03-31-accounts - Sailors' Children's Society

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io split at t	he year end p	osition can be seen	as:
		31.03.2022	Benchmark
UK equity		18.59o	37.5%
Overseas equity		38.1%	30.09o
Fixed interest		16.7Yo	17.5%
Alternative	investment	24.1%	5.09o
UK property		O.OYo	S.OYo
Cash		2.6%	S.OYo

			Un-restricted	Restricted	Designated	Total	Total
			Funds	Funds	Funds	2022	2021
				6	E	6	E
Income and endowments		from:
Donations and legacies			243,885	451,070		694,955	843,418
Activities for generating	funds		124,876			124,876	35,997
Investments			42,847			42,847	77,215
Total			411,608	451,070		862,678	956,631
Expenditure on:
Raising funds
Fundraising and other costs			129,813			129,813	92,618
Investment management		costs	17,265			17,265	15,678
Charitable activities
Direct costs			174,133	467,727	46,228	688,088	866,257
Support costs			13,678			13,678	14,400
Governance costs
Direct costs			4,200			4,200	3,926
Support costs			11,724			11,724	12,343
Total resources expended			350,813	467,727	46,228	864,768	1,005,221
Operating income/(expenditure)			60,796	(16,657)	(46,228)	(2,089)	(48,591)
Gain/(loss) revaluation of investment			85,590			85590	334424
Net income/(expenditure)			146,386	(16,657)	(46,228)	83,501	285,833
Other recognised gains/losses
Gain on disposal offixed	assets		42,796			42,796
Net movement in funds			189,812	(16,657)	(46,228)	126,297	285,833
Reconciliation offunds
Funds balances b/f at 1st		April 2021	2,042,812	177,703	405,214	2,625,729	2,339,896
Fund balances c/f at 31stMarch 2022			2,231,994	161,046	358,986	2,752,026	2,625,729

		Un-restricted	Restricted	Designated	Total	Totai
		Funds	Funds	Funds	2021	2020
			E	E	E
Income and endowments	from:
Donations and legacies		223,855	619,563		843,418	519,230
Activities for generating	funds	35,997			35,997	117,797
Investments		77,215			77,215	78,000
Total		337,068	619,563		956,631	715,026
Expenditure on:
Raising funds
Fundraising and other costs		92,618			92,618	127,805
Investment management	costs	15,678			15,678	16,913
Charitable activities
Direct costs		163,833	645,248	57,176	866,257	686,568
Supportcosts		14,400			14,400	19,429
Governance costs
Direct costs		3,926			3,926	3,626
Support costs		12,343			12,343	16,652
Total resources expended		302,797	645,248	57,176	1,005,221	870,992
Operating income/(expenditure)		34,270	(25,685)	(57,176)	(48,591)	(155,965)
Transfer to designated funds
Gain/(loss) revaluation ofinvestment		334,424			334,424	(237,439)
Net income/(expenditure)		(368,694)	(25,685)	(57,176)	285,833	(393,404)
Other recognised gains/losses
Gain on disposal offixed assets
Net movement in funds		(368,694)	(25,685)	(57,176)	285,833	(393,404)
Reconciliation offunds
Funds balances b/f at 1st April 2020		1,674,118	203,388	462,390	2,339,896	2,733,300
Fund balances c/f at31stMarch 2021		2,042,812	177,703	405,214	2,625,729	2,339,896

				2022		2021
			Note	6
Fixed assets
Tangible assets			12		146,507		201,397
Investments			13		2,439,446		2,371,121
					2,585,953		2,572,518
Current assets
Debtors			14	164,741		210,030
Cash at bank and in		hand		107,401		35,321
				272,142		245,351
Creditors: amounts		falling due
within one	year
Creditors			15	106,069		192,140
Net current	assets				166,072		53,210
Net assets					2,752,025		2,625,729
Funds ofthe charity
Restricted funds			19		161,046		177,703
Unrestricted	funds		20		2,231,994		2,042,812
Designated	funds				358,986		405,214
					2 752 026		2,625,729

					2022	2021	Note
Cash flows from operating activities'.					125,728	(199,096)	Table A
Cashflows from investing activities:
Dividends	from investments				42,847	77,215
Proceeds	from the sale ofproperty,	plant	&equipment		48,806
Payments	to acquire investments
Purchase	ofproperty, plant and equipment					(40,562)
Net cash	provided by/(used in) investing		activities		91,653	36,653
Change in	cash and cash equivalents	in the reporting		period	217,381	(162,442)
Cash and	cash equivalents atthe start ofthe reporting			period	(109,980)	52,462	Table 8
Cash and cash equivalents at the end		ofthe reporting		period	107,401	(109,980)

					2022	2021
					6	6
Net income/(expenditure) forthe (as per the statement offinancial		reporting activities)		period	126,297	285,833
Adjustments for:
Depreciation charges					48,881	49,235
Profit on sale offixed assets					(42,796)
(Gains)/losses on	investments				(68,329)	(318,686)
Dividends, interest	and rents from	investments			(42,847)	(77,215)
Increase/(decrease)	in debtors				45,289	(124,494)
Increase/(decrease)	in creditors				59,233	(13,769)
Net cash provided	by/(used in) operating		activities		125,728	(199,096)

			2022	2021
Cash in hand			107,401	35,321
Overdraft	facility repayable	on demand		(145,301)
Total cash	and cash equivalents		107,401	(109,980)

					Un-restricted	Restricted	2022	2021
							6
3). Donations		and legacies
Seafarers UK						70,000	70,000	115,000
Trinity House						65,935	65,935	148,200
Royal Navy	Royal Marines Charity					239,000	239,000	253,450
Armed Forces Covenant				Fund				55,000
Merchant	Navy Welfare			Board		5,730	5,730	33,502
Fishermen's		Mission				30,360	30,360
200 Business		Club				25,585	25,585	17,913
Covenants,	donations		and trusts		40,516	14,460	54,976	69,286
Legacies					203,370		203,370	151,067
Total					243,885	451,070	694,955	843,418
2021					223,855	619,563
					Un-restricted	Restricted	2022	2021
4).Charitable		activities
Fundraising:
Specialevents					123,487		123,487	35,822
Continuous	activities				1,389		1,389	175
Total					124,876		124,876	35,997
2021					35,997
					Un-restricted	Restricted	2021	2020
					6	6	6	6
5).Investments
Absolute return income					42,847		42,847	77,215
Total					42,847		42,847	77,215
2021					77,215

6).Total resources expended Costs directly allocated to activities	6).Total resources expended Costs directly allocated to activities	6).Total resources expended Costs directly allocated to activities	6).Total resources expended Costs directly allocated to activities	assis of allocation	Fundraising	Reliefto Seafarers'	Governance	2022 6	2021
						Families
Grant relief
Monthly		grants to families		Direct		243,388		243,388	275,787
		Clothing	grants			63,485		63,485	69,313
		Christmas	grants	Direct
		Special	grants			107,077		107,077	286,785
		Home computers		Direct		12,819		12,819	15,095
Family holiday	scheme
		Holiday grants				9,560		9,560
	Caravan running		costs	Direct		98,153		98,153	85,989
Salaries and redundancy				Direct	72,570	131,065		203,635	193,274
Administration	and	event costs		Direct	43,566	22,541	4,200	70,307	22,158
Sub total					116,136	688,088	4,200	808,423	948,401
Support costs allocated to activities
Basisofallocation						33%	30IS
General offfce and finance				Stafftime	13,678	13,678	11,724	39,079	41,142
Total					13,678	13,678	11,724	39,079	41,142
Investment management fees								17,265	15,678
								864,768	1,005,221

			2022	2021
			Number	Number
Fundraising			1.7	1.5
Relief for seafarers'	families		3.8
Administration			0.3	0.3
Total			5.8	5.6
Actual average monthly		number ofstaff	7.0	7.0

	2022	2021
Wages and salaries	204,454	194,063
Social security	13,650	13,271
Pension costs	10,217	9,957
Total	228,322	217,291

	2022	2021
Bank overdraft	(562)	(889)
12).Tangible assets
	Caravans	Fixtures 8	Total
		Fittings
Cost (valuation)
At 1stApril 2021	368,742	53,038	421,780
Additions
Disposals At 31st March 2022	(36,783) 331,959	53,038	(36,783) 384,997
Depreciation
At 1st April 2021	194,521	25,862	220,383
Provided during the year	42,242	6,639	48,881
Disposals At 31st March 2022	205,989 (30,774)	32,501	238,490 (30,774)
Net book value
At 31st March 2021	174,221	27,176	201,397
At 31st March 2022	125,970	20,537	146,507
The net book value at 31st March 2022 represents	fixed assets used for:
Direct charitable services
Family holiday scheme	125,967
Other purposes
Administration
		20,540

		2022
Market value at 1st	April 2021	2,371,121
Additions
Disposals
Increase/(decrease)	in value for the year	68,325
Market value at 31st March 2022		2,439,446

All the investments	are listed inv	estments and can	be split as follows:
			2022
UK fixed interest			353,357
Alternative investments			587,094
Over seas index linked			57,342
UK equities			449,071
Other equities			929,066
Cash			63,516
Total			2,439,446
14).Oebtors
			2022	2021
Amounts falling due within one		year
Other debtors			3,231	6,691
Prepayments and	accrued income		143,934	53,339
Legacies			17,575	150,000
Total debtors			164,741	210,030
15).Creditors
			2022	2021
Bank overdraft				145,301
Trade creditors			89,690	30,469
Accruals and deferred income			8,234	8,335
Tax and social security			5,020	4,841
Other creditors			3,125	3,194
Total creditors			106,069	192,140
The bank overdraft	is repayable	on demand.

he total future minimum lease payments under n	on-cancellab	le opera	ting leas	es are
	2022		2021
Not later than 1year		2,604		5,869
Later than 1year and not later than 5years		7,812		9,460

						Balance at 31st	Income	Expenditure	Transfer	Balance	at31st
						March 2021		E		March	2022
Accumulated	fund: general					2,042,812	454,404	(265,223)		2,231,994
			:	designated		405,214		(46,228)		358,986
Total						2,448,026	337,068	(25,549)		2,590,980
						Balance at31st	Income	Expenditure	Transfer	Balance	at 31st
						March 2020		E		March	2021
Accumulated		fund:		general		1,674,118	337,068	31,627		2,042,812
				;	designated	462,390		(57,176)			405,214
Total						2,136,508	337,068	(25,549)		2,448,026
						Unrestricted	Restdcted	Designated		Total
Funds balances			at 31st March 2022			funds	funds	funds		Furl de
							6
are represented			by:
Tangible fixed		assets				20,537	125,970			146,507
Investments						2,129,446		310,000		2,439,446
Current assets						110,380	112,776 48,986			272,142
Creditors due		within			one year	(28,369)	(77,700)			(106,069)
Total						2,231,994	161,046 358,986			2,752,026
						Unrestricted	Restricted	Designated		Total
Funds balances			at 31stMarch 2021			funds	funds	funds		Funds
are represented			by;
Tangible fixed			assets			85,829	115,568			201,397
Investments						2,061,121		310,000		2,371,121
Current assets						199,603	62,135 (16,387)			245,351
Creditors due		within			one year	(303,741)		111,601		(192,140)
Total						2,042,812	177,703 405,214			2,625,729