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2021-12-31-accounts

Reference and Administrative Reference and Administrative Details
Trustees' Report 2to lo
Independent
Auditors'		 Report 11to 13
Statement ofFinancial Activities 14to 15
Balance Sheet 16
Cash Flow Statement 17
Notes to the Financial Statements 18to29

Statement o f Financ ial Activitie s for the Yea r Ended 31December
Unrestrtcted Total
funds 2021
Note
Income and Endowments
Donations
and legacies
Investment
income		 from: 499,855
1,062,426
669		 499,855
1,062,426
669
Other income
1,562,950 1,562,950
Total Income
Expenditure
on:
Raising funds
Charitable
activities		 (106,258)
(2,275,495)		 (106,258)
(2,275,495)
Total Expenditure
Net income/(expenditure)
Realised gains/losses
on
Unrealised
gains/(losses)		 before gains/(losses)
investment
assets
on investment
assets		 on investments (2,381,753)
(818,803)
1,318
2,590,020		 (2,381,753)
(818,803)
1,318
2,590,020
Net movement
in funds		 1,772,535 1,772,535
Reconciliation
offunds
Total funds brought
forward
Total funds carried forward		 35,808,122
37,580,657		 35,808,122
37,580,657

Unrestricted Total
funds 2020
Note
Income and Endowments from:
Donations
and legacies		 572,149 572,149
Investment
income		 863,909 863,909
Total Income 1,436,058 1,436,058
Expenditure
on:
Raising funds (93,718) (93,718)
Charitable
activities		 (2,144,134) (2,144,134)
Total Expenditure (2,237,852) (2,237,852)
Net income/(expenditure) before gains/(losses) on investments (801,794) (801,794)
Realised gains/losses on investment assets (1,305,624) (1,305,624)
Unrealised
gains/(losses)		 on investment assets (171,720) (171,720)
Net movement
in funds		 (2,279,138) (2,279,138)
Reconciliation
offunds
Total funds brought forward 38,087,260 38,087,260
Total funds carried forward 16 35,808,122 35,808,122

Balance Sheet as at 31D ecember 2021
2021 2020
Note g
Fixed assets
Tangible assets
Investments		 11
12		 6,145,591
30,468,162
36,613,753		 6,159,510
28,182,884
34,342,394
Current
assets
Debtors
Cash at bank and in hand		 13 471,884
607,907		 495,028
1.154553
1,079,791 1,649,581
Creditors: Amounts falling
due within one year
Net current assets		 966,904
37,580,657		 7,465.728
35,808, 122
Net assets
Funds of the charity:
Unrestricted
income
Unrestricted
funds
Total funds		 funds 16 37,580,657 37,580,657 35.808.122 35,808,122

Cash Flow Statement for th e Year En ded 31De cember 2021
2021 2020
Note
Cash flows from operating
activities
Net cash income/(expenditure) 1,772,535 (2,279,138)
Adjustments
to cash flows from non-cash		 items
Depreciation
and impairment		 20,733 24,278
Investment
income		 3 (1,062,426) (863,909)
Revaluation
ofinvestments		 (2,590,020) 171,720
Loss on disposal offixed assets held for the charity's own use 987 239
(1,858, 191) (2,946,810)
Working capital adjustinents
Decrease in debtors 13 23,144 116,171
(Decrease)/increase
in creditors		 14 (70,966) 89,002
Net cash flows from operating activities (1,906,013) (2,741,637)
Cash flows from investing
activities
Interest receivable
and similar		 income 3 12,740 15,333
Purchase oftangible
fixed assets		 11 (9,801) (6,270)
Sale oftangible
fixed assets		 2,000 586,677
Purchase ofinvestments 12 (2,599,290) (4,824,688)
Sale ofinvestments 2,904,032 5,651,561
Income from dividends I 049 686 848,576
Net cash tlows from investing activities 1,359,367 2 271 189
Net decrease
in cash and cash equivalents		 (546,646) (470,448)
Cash and cash equivalents
at I		 January 1,154,553 1,625,001
Cash and cash equivalents
at 31 December		 607,907 1,154,553

2
Income		 f rom donations and legacies
Unrestricted
funds
Total Total
General 2021 2020
Donations
and legacies;
Donations
from individuals
Gifts -Covenanted
pensions		 and salaries 60,001
439,854		 60,001
439,854		 572,149
499,855 499,855 572,149

3
Investment
income
Unrestricted
funds
Total Total
General 2021 2020
Income from dividends;
Income from listed investments
Income from other unlisted
investments		 962,340
87,346		 962,340
87,346		 762,028
86,548
Interest receivable
and similar
Interest receivable on bank
Other interest receivable		 income;
deposits		 73
12,667
1,062,426		 73
12,667
1,062,426		 1,048
14,285
863,909

a) Investment
m		 ana gement
c		 osts
Unrestricted
funds
Total Total
General 2021 2020
f.
Other investment
management
Costs of obtaining
investment		 costs;
advice		 106,258
106,258		 106,258
106,258		 93,718
93,718
Total Total
Direct costs 2021 2020
106,258 106,258 93,718

6
Expen		 di ture
on charitable
activities
Unrestricted
funds
Total Total
General 2021 2020
Charity and donations 923,329 923,329 526,217
Grant funding ofactivities 62,000 62,000 44,000
Allocated support costs 323,896
Governance costs 1,290,166 1,290,166 1,250,021
2,275,495 2,275,495 2,144, 134

Grant funding Total Total
ofactivity 2021 2020
Grants paid 62,000 62,000 44,000
Charity and donations 923,329 923,329 526,217
Loss on disposal offixed assets 323,896
985,329 985,329 894,113

Unrestricted
funds
Total Total
General 2021 2020
Staff costs
Wages and salaries 688,952 688,952 666,545
Social security costs 51,360 51,360 49,612
Pension costs 11,237 11,237 9,060
Stafftraining 960 960
Audit fees
Audit and accountancy fees 23,466 23,466 20,466
Legal fees 34,344 34,344 35,349
Depreciation, amortisation and other similar costs 21,720 21,720 24,516
Other governance costs 458,127 458,127 444,473
1,290,166 1,290,166 1,250,021

9
Staff costs
The aggregate
payroll
costs were as follows:
2021 2020
Staffcosts during the year were:
Wages and salaries 688,952 666,545
Social security costs 51,360 49,612
Pension costs 11,237 9,060
Other staff costs 960
752,509 725,217
the year expre ssed
as full time equivalents
was as fo		 llows:
2021 2020
No No
Management staff 6 6
Administration staff 3 14
Domestic staff 9 11
Care staff 13 13
31 44

11 Tangible
fixed assets
Land and Furniture
and		 Motor
buildings equipment vehicles Total
Cost
At
1 January 2021
Additions
Disposals		 6,040,530 351,904
9,801
(7,931)		 126400
(11,189)		 6518834
9,801
(19,120)
At 31December 2021 6,040,530 353,774 115,211 6,509,515
Depreciation
At 1 January 2021
Charge for the year
Eliminated
on disposals		 257,753
14,666
(5,507)		 101,571
6,067
(10,626)		 359,324
20,733
(16,133)
At 31December 2021 266,912 97,012 363,924
Net book value
At 31December 2021 6,040,530 86,862 18 199 6 145 591
At 31 December 2020 6,040,530 94,151 24,829 6,159,510
12 Fixed asset investments
2021 2020
30,468, 162 28,182,884

Other investments
Listed Unlisted
investments investments Total
Cost or Valuation
At 1 January 2021
Revaluation		 24,379,842
2,253,765		 3,803,042
336,255		 28,182,884
2,590,020
Additions 2,308,867 290,423 2,599,290
Disposals (2,467,840) (436 192) (2 904 032)
At 31December 2021 26,474,634 3,993,528 30,468, 162
Net book vattte
At 31 December 2021 26,474,634 3,993,528 30,468, 162
At 31 December 2020 24,379,842 3,803,042 28,182,884

13 Debtors
2021 2020
g
Trade debtors 1,164
Prepayments
Other debtors		 75,281
396,603		 68,542
425,322
471 884 495 028
Debtors includes 057,988(2020:f393,321)receivable after more than one year.
2021 2020
357,988 393,321

14 Creditors: amounts falling due within one year
2021 2020
Other taxation and social security 11,589 10,996
Other creditors 832
Accruals 101,298 172,025
112,887 183,853

16 Funds
Balance at
Balance at I Other 31
January
2021		 Incoming
resources		 Resources
expended		 recognised
gains/(losses)		 December
2021
Unrestricted funds
General 35,808, 122 1,562,950 (2,381,753) 2,591,338 37,580,657
17 Analysis ofnet assets between
funds
Uarestricted
funds
General Total funds
Tangible fixed assets
Fixed asset investments		 6,145,591
30,468, 162		 6,145,591
30,468, 162
Current assets 1,079,791 1,079,791
Current liabilities (112,887) (112,887)
37580657 37580.657
Total net assets

18 Analysis ofnet funds
At 1January
2021		 Cash flow At 31 December
2021
K
Cash at bank and in hand 1,154,553 (546,646) 607,907
Net debt 1,154,553 (546,646) 607,907