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|Contents||Page|
|---|---|---|
|Chair's Report|||
|Report ofthe Board of|Directors|3to7|
|Reference and Administrative
Details||7to 11|
|Independent
Examiner's|Report|12|
|Statement
of Financial|Activities|13|
|Comparative
Statement
of Financial Activities for
Year Ending 31 December 2019||14|
|Balance sheet||15|
|Cash flow Statement||16|
|Notes to the financial statements||17to 32|
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|||||Restricted|Unrestricted||Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds||Funds|Funds|
||||Notes|2020I|2020I||2020
6|2019
I|
|D|D W|E|||||||
|Donations
and|legacies||||30,713||30,713|85,078|
|Income from investments|||||4,395||4,395|3,148|
|Income from charitable||activities|6|17,018|206,230|223,248||256,023|
|Other income|||||137917||137917|8,250|
|Total incoming|resources|||17018|255 255|272 273||352,499|
|EXPENDITURE|N:||||||||
|Raising funds|||||169975||167975|35,750|
|Charitable
activities|||108111|309758|1997411|2307169||238,632|
|Total expenditure|||||3|2|1|274382|
|Net income||||(13,740)|38,869||25,129|78,117|
|Reconciliation|offunds:||||||||
|Total funds brought forward||||629301|6287018|6909319||612,202|
|TOTAL FUNDS|CARRIED|FORWARD|22/23|48 861|666887|718448||699319|
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|(Incorporating
the|Income and E|xpenditure
A|ccount for t|he year ended|31Decem|
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||Funds|Funds|Funds|
|||Notes|2019|2019|2019|
||||6|I|I|
|IN
ME AND END||||||
|Donations
and legacies||||85,078|85,078|
|Income from investments||||3,148|3,148|
|Income from charitable|activities||49,600|206,423|256,023|
|Other income||||8,250|8,250|
|Total income|||49 600|302 899|352 499|
|EXPENDIT
R||||||
|Raising funds||||35,750|35,750|
|Charitable
activities||10011|42,437|196,195|238,632|
|Total expenditure|||42 437|231 945|274 382|
|Net income|||7,163|70,954|78,117|
|Reconciliation
offunds:||||||
|Total funds brought forward|||55,138|557,064|612,202|
|TOTAL FUNDS CARRIED|FORWARD|23|62 301|628018|690319|
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||||C|ASHFLOW|STA|TE|MENT AS|AT31DE|CEMB|ER 202|0||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Note|2020|2019|
||||||||||||6||
|Cash flows from||operating||activities:|||||||||
|Net cash|provided|by/(used|in) operating||activities||||27a||17,322|58,354|
|Cash flows from||investing||activities:|||||||||
|Dividends,|interest|and rents|from investments||||||||5,025|2,644|
|Net cash|provided
by/(used|||in) investing||activities|||||5,025|2,644|
|Net cash|provided
by/(used|||in) financing||activities|||||||
|Change|in cash|and cash|equivalents||in the||reporting|period|||22,347|60,998|
|Cash and cash equivalents||||at the beginning|||ofthe reporting||||688,067|627,069|
|period|||||||||||||
|Cash and cash equivalents||||at the end|of|the|reporting|period|27b||rrt 414|688,067|
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|9.Expenditure
on Raising|funds||||2020|2019|
|---|---|---|---|---|---|---|
||||||E|E|
|Staff costs|||||10,356|23,090|
|Allocated overheads:|||||||
|Printing
sr stationery|||||773|1,977|
|Communications|||||255|1,704|
|Occupancy|||||1,534|3,620|
|ITCosts|||||867|2,139|
|Life Assurance
Scheme|||||87|113|
|Other Staff Costs|||||26|216|
|Professional
Fees 8r Bookkeeping|||||387|1,743|
|Communications
ik marketing||designated||fund|1,773||
|Financial charges:|||||||
|Banking
and Investment|Management||Fees||917|1,026|
|Life members'
appeal fund raising|||costs|||122|
||||||1697~|ss 750|
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##
|10.Expenditure
on|charitable activities|charitable activities|charitable activities||2020
E|2019I|
|---|---|---|---|---|---|---|
|Group activities:|||||||
|Group expenses||||||490|
|Group support|||||8,625|42|
|Community
Support Fund*||||||1363|
||||||0625|1 895|
|Fellowship
Office|activities:||||||
|Staff costs|||||101,161|82,945|
|Members'
magazine|||||11,257|30,079|
|Nahonal
Visitors|Network*||||30,758|41,073|
|ITHelpline||||||3,052|
|Allocated overheads;|||||||
|Printing
&stationery|||||7,548|7,102|
|Communications|||||2,495|6,122|
|Occupancy|||||14,979|13,004|
|ITCosts|||||8,466|7,685|
|Ufe Assurance
Scheme|||||849|406|
|Other Staff Costs|||||252|775|
|Professional
Fees &Bookkeeping
Communications
ik Marketing
Designated||||Fund|3,778
17319|6,263|
||||||198062|198506|
||||||207487|200401|
|Governance costs (Note 11)|||||22,682|38,231|
|Total expenditure|on charitable||activities||230169|230 632|
|*Restricted|||||30,758|42,437|
|Unrestricted|||||199,411|196,195|
||||||230,169|238,632|
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|ll. Governance||||2020|2019|
|---|---|---|---|---|---|
|||||f|I|
|Staff costs *||||11,925|17,838|
|Allocated overheads:||||||
|Printing
& stationery||||890|1,526|
|Communications||||294|1,317|
|Occupancy||||1,766|2,797|
|ITCosts||||998|1,653|
|Life Assurance
Scheme||||100|87|
|Other Staff Costs||||30|167|
|Professional
Fees|& Bookkeeping|||445|799|
|Communications|and marketing|designated|fund|2,041||
|AGM Costs
Board ofDirectors|Meeting and|other costs *s||216|3,533
5,485|
|Direct costs||||||
|Audit|||||(1,022)|
|Subscriptions||||327|395|
|Legal Fees
Independent
examination||||360|(392)
3
00|
|||||22 602|38,231|
##
|13. Resources expended|13. Resources expended|are stated after charging:|are stated after charging:|||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||E|E|
|Audit fees|||||||(1,060)|
|Independent
examination
Depreciation||||||3,650
678|3,500
798|
|14.Tangible Fixed Assets||||||||
|||||Furniture|0|Computers|Total|
|||||equipment||||
|Cost||||||||
|At 1Ianuary 2020||||17,783||10,646|28,429|
|Additions
in year||||||||
|At 31December|2020|||1|3|10646|20 429|
|A
m
l|r|i|ion|||||
|At 1Ianna(y 2020||||13,264||10,646|23,910|
|Charge for the year||||678|||678|
|At 31December|2020|||3942||151646|24 ~80|
|Net BookValue||||||||
|At 31December|2020|||3,841|||3841|
|At 31December 2019||||4519|||4 519|
|15.Debtors||||||2020|2019|
||||||||I|
|Accrued income||||||2,553|5,698|
|Other debtors||||||10,960|15,201|
|Prepayments||||||4272|4390|
|||||||17780|25
09|
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|16.Cash and bank balances|2020|2019|
|---|---|---|
||E|E|
|Bank current account|12,171|12,058|
|Money on Deposit|698,083|675,849|
|Cash in hand|67|67|
|At bank and in hand at Branches|93|93|
||710414|680067|
|17.Creditors - amounts|falling due within one year|2020|2019|
|---|---|---|---|
|||E|E|
|Trade 86other creditors||2,937|2/323|
|Accruals||4,150|3,500|
|Pension||771|10,613|
|Social security costs|86other taxes|2,564|2,839|
|Life members
subscriptions||2001|2 112|
|||12,423|21,387|
##
|e Members|subscriptions|||
|---|---|---|---|
|||2020|2019|
|||E|E|
|Opening
balance||8,281|12,081|
|Additions||||
|Amortised|in the year|(2,111)|(3,800)|
|Total||6,170|8,281|
|Total amount|falling due|||
|within one year||2,001|2,112|
|aRer more than one year||4,169|6,169|
|||6,170|8,281|
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|18.Creditors - amounts
falling due after more than|18.Creditors - amounts
falling due after more than|18.Creditors - amounts
falling due after more than|18.Creditors - amounts
falling due after more than|18.Creditors - amounts
falling due after more than|18.Creditors - amounts
falling due after more than|one year|2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Life Members'|Subscriptions||||||4169|6169|
|The amount due in over 5 years|||is|Enil (2019:E744).|||||
|19. Employees|||||||2020|2019|
||||||||E|E|
|Staffcosts|||||||||
|Gross salaries|||||||118,650|97,826|
|Employer's
national||insurance||contributions|||6,437|5,475|
|Empiuyer's pension||contributions:|||||||
|The CSBF|||||||37,086|39,542|
|The Civil Service||Retirement||Fellowship|Group Personal|plan|6,378|4,956|
|Total staff costs|||||||168551|147799|
|Average
number|of employees||||||5|5|
|Staff costs are|allocated||asfollows:||||||
|Cost of generating||funds|||||10,357|23,090|
|Expenditure
on|charitable||activities||||101,163|82,946|
|National
Visitors Network|||||||28,493|23,925|
|Governance|||||||11,925|17,838|
|Communications||89 Marketing|||||16,613||
||||||||168551|147799|
|Pension costs are allocated as follows:|Pension costs are allocated as follows:|2020
E|2019I|
|---|---|---|---|
|Cost of raising funds||3,647|8,294|
|Expenditure
on charitable|activities|35,618|29,796|
|Governance||~199|6468|
|||43 464|44 98|
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|23.Analysis of Net Assets||Unrestricted|Restricted|TOTAL|TOTAL|
|---|---|---|---|---|---|
|||Fundsf|Funds
f|2020f|2019
f|
|Fixed assets||3,841||3,841|4,519|
|Current assets||679,637|489561|728,198|713,356|
|Current liabilities
Long term liabilities|(12,422)
~4369|||(12,422)
~4669|(21,387)
~6169|
|||666883|48 56|15.448|690,319|
|Comparative
Analysis ofNet|Assets|Unrestricted|Restricted|TOTAL||
|||Funds|Funds|2019||
|||||f.||
|Fixed assets||4,519||4,519||
|Current assets||651,055|62,301|713,356||
|Current
liabilities
Long term liabilities|(21,387)
~6369|||(21,387)
~6369||
|||628018|6
30|690,319||
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|26.Financial Instruments|26.Financial Instruments|||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Financial|assets measured|at|fair value|||710,414|688,067|
|Financial|assets measured|at|amortised|cost||13~13|20,899|
|||||||723 927|00 966|
|Financial|liabilities measured||at amortised||cost|~4049|~19276|
|Financial assets measured
at amortised
cost|Financial assets measured
at amortised
cost|consist of accrued
income and other deb|consist of accrued
income and other deb|consist of accrued
income and other deb|tors|||
|---|---|---|---|---|---|---|---|
|Financial
liabilities
measured
at amortised||cost consist of trade & other creditors,|||accruals,|pension|creditor
and|
|social security costs &other taxes.||||||||
|27.|Notes tothe cash flow statement||||2020||2019|
||||||f||f|
|a.|Reconciliation
ofnet income/(expenditure)||to net cash flow|||||
||from operating
activities|||||||
||Reconciliation
ofnet income/(expenditure)|for the|reporting|period (as per||||
||the statement
of financial
activities)||||25,129||78,117|
||Adjustments
for:|||||||
||Depreciation
charges||||678||798|
||Interest
on cash deposits||||(4,395)||(3,147)|
||(Increase)/decrease
in debtors||||6,873||762|
||Increase/(decrease)
in creditors||||10963||18176|
||Net cash provided
by/(used
in) operating|activities|||17322||58 354|
|b.|Analysis ofcash and cash equivalents||||2020||2019|
||||||f||f|
||Cash
in hand||||12,331||12,218|
||Notice deposits (less than 3 months)||||698 003||675 049|
||Total cash and cash equivalents||||0414||680 067|