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|341 Queenstown|Road|
|---|---|
|Battersea||
|London||
|SW8 4LH||
|341 Queenstown|Road|
|Battersea||
|London||
|SW8 4LH||
|MCT Partnership|LLP|
|Chartered
Accountants||
|Statutory Auditors||
|1 Warner House||
|Harrovian
Business Village||
|Bessborough
Road||
|Harrow Middlesex||
|HA1 3EX||
|The Royal Bank ofScotland||
|London Belgravia|Branch|
|24 Grosvenor Place||
|London||
|SW1XTHP||
|||Page|
|---|---|---|
|Trustees'
report||1-3|
|Statement oftrustees'|responsibilities||
|Independent
auditor's|report|5-8|
|Statement offinancial|activities||
|Balance sheet||10|
|Statement
ofcash flows|||
|Notes to the financial|statements|12-22|
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|||||||Unrestricted|Unrestricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||funds||funds|2022|2021|
|||||||general||designated|||
||||||Notes|||6|||
|Income and endowments||from:|||||||||
|Donations,
legacies and grants||||||18,162|||18,162|122,264|
|Charitable
activities||||||34,328|||34,328|27,901|
|Investments||||||1,948|||1,948|2,981|
|Other income||||||54|||54|38|
|Total income and endowments||||||54,492|||54,492|153,184|
|~Edit|||||||||||
|Raising funds|||||7|31,913|||31,913|19,584|
|~Ch
't
ht|||||||||||
|Core activities|||||8|190,293|||190,293|244,621|
|Total charitable|expenditure|||||190,293|||190,293|244,621|
|Exceptional costs|||||12|||5,105,205|5,105,205||
|Total resources expended||||||222,206||5,105,205|5,327,411|264,205|
|Net movement|on revaluing||investments|at fair|||||||
|value|||||13|(457)|||(457)|(150)|
|Net movement|in funds|||||(167,257)||(5,105,205)|(5,272,462)|(110,871)|
|Fund balances|at 1 April 2021|||||1,193,055||7,009,123|8,202,178|8,313,049|
|Fund balances|at 31 March||2022|||1,025,798||1,903,918|2,929,716|8,202,178|
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Fixed assets||||||||
|Tangible assets|||15||2,563,935||2,606,241|
|Investments|||16||2,846||2,389|
||||||2,566,781||2,608,630|
|Current assets||||||||
|Stock|||18|1,858||1,558||
|Debtors|||17|4,327||11,553||
|Investments|||19|||5,105,205||
|Cash at bank|and in|hand||389,788||524,027||
|||||395,973||5,642,343||
|Creditors: amounts||falling due within|20|||||
|one year||||(33,038)||(46,795)||
|Net current assets|||||362,935||5,593,548|
|Total assets|less current liabilities||||2,929,716||8,202,178|
|Income funds||||||||
|Unrestricted|funds -|designated|21||1,903,918||7,009,123|
|Unrestricted|funds -|general|||1,025,798||1,193,055|
||||||2,929,716||8,202,178|
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash absorbed
by operations|||26|(136,187)||(73,035)||
|Net cash|outflow from operating
activities||||(136,187)||(73,035)|
|Investing|activities|||||||
|Investment|income received|||1,948||2,981||
|Net cash
activities|generated
from investing||||1,948||2,981|
|Net cash|used in financing|activities||||||
|Net decrease
in cash and||cash equivalents|||(134,239)||(70,054)|
|Cash and|cash equivalents|at beginning|ofyear||524,027||594,081|
|Cash and|cash equivalents|at end of|year||389,788||524,027|
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||||||Activities|Private|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||including|sittings with||2021|
||||||workshops
and|mediums|||
||||||demonstrations||||
|Incoming|resources|within|charitable|activities|18,424|15,904|34,328|27,901|
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|||2022|2021|
|---|---|---|---|
|Income|from listed investments|145|80|
|Interest|receivable|1,803|2,901|
|||1,948|2,981|
||Royalties||
|---|---|---|
|7|Raising|funds|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2022|2021|
|6|8|
|54|38|
|Raising funds|||||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||general|general|
||||2022|2021|
||||6||
|Fundraisin
and|ublici|costs|||
|Staging fundraising|events||1,820|717|
|Qjtgg~xen sea
Mediums' fees and other||related costs|30,093|18,867|
||||31,913|19,584|
##
|Charitable
a|ctivities||||
|---|---|---|---|---|
||||2022|2021|
|Staffcosts|||84,944|102,102|
|Depreciation|and impairment||42,306|42,306|
|Donations
paid to other charities||||400|
|Rates|||4,890|4,322|
|Insurance|||5,250|5,194|
|Repairs and maintenance|||12,241|5,675|
|Postage and|stationery||543|1,433|
|Telephone|||2,785|3,081|
|Computer
and website expenses|||3,213|2,915|
|Sundry expenses|||241|97|
|Bank charges|||2,077|3,007|
||||158,490|170,532|
|Share ofgovernance||costs (see note 9)|31,803|74,089|
||||190,293|244,621|
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|||Support|Governance|2022|2021 Basis ofallocation|
|---|---|---|---|---|---|
|||costs|cos'ts|||
|||6|f|||
|Audit fees|||8,500|8,500|13,500 Governance|
|Legal and|professional||23,303|23,303|60,589 Governance|
||||31,803|31,803|74,089|
|Analysed|between|||||
|Charitable|activities||31,803|31,803|74,089|
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|
The average|
monthly
number
ofemployees
during the yea|r was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Administration|and Management|||
|Employment|costs|2022
8|2021
8|
|Wages and salaries||83,717|100,329|
|Staff pension|costs|1,227|1,773|
|||84,944|102,102|
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|13|Net movem|ent
on valuing
investments
at fair value|||
|---|---|---|---|---|
||||2022|2021|
||Revaluation|ofinvestments|(457)|(150)|
|14|Taxation||||
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|15|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Freehold|Library|Fixtures,|Computer|Total|
|||||property||fittings and|equipment||
||||||6|equipment
f|||
||Cost||||||||
||At 1 April 2021|||2,661,384|2,505|59,987|4,104|2,727,980|
||At 31 March|2022||2,661,384|2,505|59,987|4,104|2,727,980|
||Depreciation|and impairment|||||||
||At 1 April 2021|||97,571|2,505|19,776|1,887|121,739|
||Depreciation|charged|in the year|35,486||5,999|821|42,306|
||At 31 March|2022||133,057|2,505|25,775|2,708|164,045|
||Carrying
amount||||||||
||At 31 March|2022||2,528,327||34,212|1,396|2,563,935|
||At 31 March|2021||2,563,813||40,211|2,217|2,606,241|
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|Fixed as|set investments||
|---|---|---|
|||Listed|
|||investments|
|||6|
|Cost or|valuation||
|At 1 April|2021|2,389|
|Valuation|changes|457|
|At 31 March 2022||2,846|
|Carrying|amount||
|At 31 March 2022||2,846|
|At 31 March 2021||2,389|
##
|Debtors||||||
|---|---|---|---|---|---|
|||||2022|2021|
|Amounts|falling||due within one year:|f.|6|
|Prepayments||and|accrued income|4,327|11,553|
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|18|Stock|||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||||6|6|
||Goods for resale|||||||1,858|1,558|
|19|Current|asset|investments|||||||
|||||||||2022|2021|
|||||||||6|6|
||Unlisted|investment|||||||5,105,205|
||Please refer to||note|12for explanation|regarding|impairment|ofthe investment.|||
|20|Creditors: amounts|||falling due within|one year|||||
|||||||||2022|2021|
||||||||||6|
||Other taxation||and social security|||||5,897|6,423|
||Trade creditors|||||||1,876|11,399|
||Accruals|||||||25,265|30,973|
|||||||||33,038|48,795|
##
||||Movement
in funds|Movement
in funds||
|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources Impairment
of|Balance at 31|
|||April 2021
6|resources
f|expended
Investment
6
6|March 2022|
|Future|investment|7,009,123||(5,105,205)|1,903,918|
##
|Analysis of net assets between funds||||||
|---|---|---|---|---|---|
||Unrestricted|Designated|Total|Unrestricted|Desii|
||funds|funds||funds||
||2022|2022|2022|2021||
||2|2|8|f||
|Fund balances at 31 March 2022 are represented||||||
|by:||||||
|Tangible assets|2,563,935||2,563,935|2,606,241||
|Investments|2,846||2,846|2,389||
|Current assets/(liabilities)|(1,540,983)|1,903,918|362,935|(1,415,575)|7,0(|
||1,025,798|1,903,918|2,929,716|1,193,055|7,0(|
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|The number ofmembers at 31 March 2022 were a|s follows:||
|---|---|---|
||2022|2021|
||Number|Number|
|Life Members|266|275|
|Other members|87|110|
||353|385|
##
|The remun|eration
of key management
personnel
isas|follows.||
|---|---|---|---|
|||2022|2021|
|||8|8|
|Aggregate|remuneration|35,360|34,719|
|26|Cash generated
from operations|||2022|2021|
|---|---|---|---|---|---|
|||||8|E|
||Deficit for the year|||(5,272,462)|(110,871)|
||Adjustments
for:|||||
||Investment
income recognised
in statement|offinancial|activities|(1,948)|(2,981)|
||Fair value gain on investments|||(457)|(150)|
||Impairment
ofinvestment|||5,105,205||
||Depreciation
and impairment
oftangible fixed assets|||42,306|42,306|
||Movements
in working
capital:|||||
||Increase
in stock|||(300)||
||Decrease/(increase)
in debtors|||7,226|(3,552)|
||(Decrease)/increase
in creditors|||(15,757)|2,213|
||Cash absorbed
by operations|||(136,187)|(73,035)|
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