| Contents | Page | |
|---|---|---|
| Report ofthe Council | of Management | |
| Independent Auditors' |
Report | 7-9 |
| Statement of Financial | Activities | 10 |
| Balance Sheet | ||
| Cash Flow Statement | 12 | |
| Notes to the Financial | Statements | 13-21 |
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| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Cash (used in)/provided by operating activities (see below) |
(100,647) | 75,227 | |||
| Cash flows from investing activities |
|||||
| Payments to acquire tangible assets |
fixed | ( 11,571) | ( 56,172) | ||
| Cash (used in) investing activities |
( 11,571) | ( 56,172) | |||
| Net cash (oufflow)/inflow | (112,218) | 19,055 | |||
| Cash and cash equivalents at 2021 |
1 April | 293,878 | 274,823 | ||
| Cash and cash equivalents March 2022 |
at 31 | 181,660 | 293,878 | ||
| Cash flows from operating activities |
|||||
| Net (expenditure) | (106,669) | ( 20,171) | |||
| Depreciation | 46,461 | 38,929 | |||
| (Increase)/decrease in debtors |
( 29,792) | 49,187 | |||
| (Decrease)/increase in creditors |
( 10,617) | 7,282 | |||
| Cash (used in)/provided by operating activities |
(100,647) | 75,227 |
| INCOME | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | |||||
| Donations and legacies |
|||||
| General donations | 10,771 | 14,263 | |||
| Grants HMRC Job Retention |
Scheme grant | 503,903 | 500,330 18,551 |
||
| Gifts in kind | 223,787 | 231,832 | |||
| Legacies | 55,098 | 15,193 | |||
| Charitable activities |
|||||
| Library subscriptions | 59,239 | 62,247 | |||
| Other trading activities | |||||
| Rent | 1,248 | 13,800 | |||
| Other | 41,660 | 11,097 | |||
| 895,706 | 867,313 | ||||
| EXPENDITURE | |||||
| Staff | Other | Total | Total | ||
| Costs | Depreciation | Costs | 2022 | 2021 | |
| F | E | E | |||
| Cost of raising funds | 8,797 | 5,808 | 27,550 | 42,155 | 32,268 |
| Library services | 401,505 | 37,749 | 478,390 | 917,644 | 820,938 |
| Support costs | 13,195 | 2,904 | 20,741 | 36,840 | 28,638 |
| Governance costs |
5,766 | 5,766 | 5,640 | ||
| Total expenditure | 423,497 | 46,461 | 532,447 | 1,002,405 | 887,484 |
| STAFF COSTS | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| F | ||||||
| Wages and salaries | 357,518 | 329,888 | ||||
| Social security costs | 29,996 | 25,541 | ||||
| Pension costs | 35,983 | 28,749 | ||||
| 423,497 | 384,178 | |||||
| Other employment: | costs | |||||
| Total staff costs | 423,497 | 384,178 | ||||
| 2022 | 2021 | |||||
| The average number ofpersons |
employed | by functional | activity was: | No | No | |
| Cost of raising funds | 1 | |||||
| Charitable expenditure |
12 | |||||
| 12 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Equipment | |
| Cost | |
| At 1 April 2021 | 305,818 |
| Additions | 11,5?1 |
| Disposals | (62,655) |
| At 31 March 2022 | 254,734 |
| Depreciation | |
| At 1 April 2021 | 182,294 |
| Charge for the year | 46,461 |
| Released on disposals |
(62,655) |
| At 31 March 2022 | 166,100 |
| Net book value | |
| At 31 March 2022 | 88,634 |
| At 31 March 2021 | 123,524 |
| Unrealised | Realised | |||||||
|---|---|---|---|---|---|---|---|---|
| At 1 | gains on | gains on | At 31 | |||||
| April | Add- | Disp- | reval- | reval- | March | |||
| 2021 E |
itions | osals E |
uation E |
uation | 2022f | |||
| At market | value: | |||||||
| COIF | 347,655 | 40,171 | 387,826 | |||||
| Total market value | 347,655 | 40,171 | 387,826 | |||||
| Historical | cost | |||||||
| including | cash | 200,133 | 200,133 | |||||
| DEBTORS | ||||||||
| 2022 | 2021 | |||||||
| E | E | |||||||
| Other debtors | 143,1&2 | 105,036 | ||||||
| Prepayments | 5,930 | 14,284 | ||||||
| 149,112 | 119,320 |
| REDITORS: amounts | falling due within one year | ||
|---|---|---|---|
| 2022f | 2021 E |
||
| Trade creditors | 14,538 | 19,644 | |
| Other creditors | 13,263 | 19,586 | |
| Accruals and deferred | income | 8,834 | 8,022 |
| 36,635 | 47,252 |
| he charity's total future minimum lease payments under operatin s set out below: |
g leases at 31 March 2022 |
were paya |
|---|---|---|
| 2022 | 2021 | |
| E | ||
| Within one year | 75,000 | 75,000 |
| Within two to five years |
81,250 | 156,250 |
| More than 5 years | ||
| The operating lease charges for the year were: |
||
| Hire ofpremises | 75,000 | 75,000 |
| RESTRICTED FUNDS | ||||||
|---|---|---|---|---|---|---|
| At 1 | Transfers | At 31 | ||||
| April | between | March | ||||
| 2021 | Income | Expenditure | funds | 2022 | ||
| F | E | E | F | E | ||
| Downloadables | 28,375 | 220,403 | 217,437 | 31,341 | ||
| Sponsored Membership |
297,825 | 297,825 | ||||
| Read athon | 28,818 | 6,400 | 29,749 | 5,469 | ||
| Palliative Gare | 17,638 | 6,723 | 18,043 | 6,318 | ||
| I.T.System Purchase | 88,765 | 34,740 | 54,025 | |||
| PC Purchase Covid-19 Tablets Fund Pre-loaded Tablets |
2,662 4,582 4,544 |
9,000 | 804 1,728 8,744 |
(1,500) 1,500 |
1,858 1,354 6,300 |
|
| 175,384 | 540,351 | 609,070 | 106,665 | |||
| At 1 | Transfers | At 31 | ||||
| April | between | March | ||||
| 2020 | Income | Expenditure | funds | 2021 | ||
| E | E | E | ||||
| Downloadables | 38,092 | 232,417 | 242,134 | 28,375 | ||
| Sponsored Membership |
280,175 | 280,175 | ||||
| Readathon | 31,286 | 14,556 | 17,024 | 28,818 | ||
| Palliative Care | 21,465 | 18,650 | 22,477 | 17,638 | ||
| I.T.System Purchase | 121,610 | 32,845 | 88,765 | |||
| PC Purchase Covid-19 Tablets Fund |
3,403 | 24,444 | 741 19,862 |
2,662 4,582 |
||
| Pre-loaded Tablets |
5,000 | 456 | 4,544 | |||
| 215,856 | 575,242 | 615,714 | 175,384 |
| ANALYSIS | OF NET ASSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|---|
| Tangible | Net | ||||
| Fixed | Investment | Current | Total | ||
| Assets | Assets | Assets | 2022 | ||
| F | E | F | |||
| Restricted | Funds | 5,805 | 100,860 | 106,665 | |
| Unrestricted | Funds | 82,829 | 387,826 | 193,277 | 663,932 |
| 88,634 | 387,826 | 294,137 | 770,597 | ||
| Tangible | Net | ||||
| Fixed | Investment | Current | Total | ||
| Assets | Assets | Assets | 2021 | ||
| E | F | F | |||
| Restricted | Funds | 14,462 | 160,922 | 175,384 | |
| Unrestricted | Funds | 109,062 | 347,655 | 205,024 | 661,741 |
| 123,524 | 347,655 | 365,946 | 837,125 |
| Theme | Theme | Theme | Further Details | Further Details | Further Details | Exclusion Criteria |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oil sands | extraction | Companies that derive more |
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| Energy coal extraction | than 5%oftheir revenue | ||||||||||||
| from the extraction ofthese |
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| fuels are restricted | |||||||||||||
| Other 'Fossil Fuel' | Companies that derive more |
||||||||||||
| Climate | Change | Extraction | than 10%oftheir revenue | ||||||||||
| from extracting and refining |
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| coal, oil or as |
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| Electrical | Utilities | No investment in companies |
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| that cannot align with the | |||||||||||||
| Paris NDCs | |||||||||||||
| Strategic | military | sales | Restricted ifderive more |
||||||||||
| than 10%of revenue from |
|||||||||||||
| strate ic milita sales |
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| Armaments | Civilian firearms | 10%revenue restriction |
|||||||||||
| Nuclear Weapons, | Investment prohibited if |
||||||||||||
| Landmines, | cluster | involved in the production |
of | ||||||||||
| munitions | these wea ons |
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| Oppressive | Regimes | Sovereign | Debt | No debt from countries | |||||||||
| identified by the Ethical |
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| Fund Advisory Committee |
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| as being the most | |||||||||||||
| o ressive |
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| Tobacco | 10%revenue restriction |
||||||||||||
| Alcohol | 10%revenue restriction |
||||||||||||
| Adult Entertainment | 10%revenue restriction |
||||||||||||
| Gamblin | 10%revenue restriction |
||||||||||||
| Animal | Testing | Testing of | cosmetics on | Restricted if in priority sector |
|||||||||
| Animals | and chooses to conduct | ||||||||||||
| testin on animals |
|||||||||||||
| Hi | h Interest Rate Lendin | 10%revenue restriction |
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| Specific | Client | Restrictions | Production | ofsingle | purpose | Restricted ifa producer of |
|||||||
| abortifacients | sin le- ur ose abortifacient |
||||||||||||
| Baby Milk | Substitutes | Minimum responsibility |
|||||||||||
| standards | |||||||||||||
| ESG Minimum | Standards | Score lass | than 2 | on any | Comply/explain approach |
||||||||
| FTSEESGTheme | a lies |
||||||||||||
| Respecting | International | Substantiated allegations |
of | Engagement that can lead |
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| Norms | non-conformity with |
to divestment if no progress |
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| recognised | labour, | human | is made | ||||||||||
| rights, biodiversity |
and | ||||||||||||
| climate chan e standards |
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| Third Party | Funds | Screened Against | Ethical | ||||||||||
| Investment | Criteria |