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||||||Page No.|
|---|---|---|---|---|---|
|Report ofthe|Directors||||1-6|
|Independent|Auditors|Report|||7-9|
|Consolidated|Statement||of Financial|Activities|10|
|Consolidated|Balance|Sheet||||
|Consolidated|Statement||ofCash Flows||12|
|Notes to the|Financial|Statements|||13-19|
|Statement
of|Financial||Activities —Parent Company||20|
|Balance Sheet —Parent|||Company||21|
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||||Unrestricted|Designated|Restricted|Total|Notes||
|---|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds||2019|
|Income & Endowments
from:|||||||||
|Grants, Donations
8 Legacies|||90,419||90,793|181,212||139,134|
|Other Trading Activities|||326,749|||326,749||323,056|
|Investments:
interest, dividends, rents|||30,866|||30,866||26,629|
|Income from charitable|activities||2,915,145|||2,915,145||2,050,269|
|Total|||3,363,179||90,793|3,453,972||2,539,088|
|Expenditure
on:|||||||||
|Raising Funds|||300,648|||300,648|10|214,864|
|Charitable
activities|||3,171,434||46,459|3,217,893|11|2,292,378|
|Total|||3,472,082||46,459|3,518,541||2,507,242|
|Net Income/(Expenditure)
before||gains and losses|(108,903)||44,334|(64,569)||31,846|
|on investment
assets|||||||||
|Gain/(Loss)
on investment
assets:|||||||||
|Realised Gain/(Loss)||||||||66|
|Unreaslised
Gain/(Loss)|||238,387|||238,387|4|1,251|
|Total|||238,387|||238,387||1,317|
|Net Income/(Expenditure)|||129,484||44,334|173,818||33,163|
|Transfers|||||||||
|Gross transfers
between|funds||(7,779)||7,779||||
|Net incoming
resources|before other||||||||
|recognised
gains and losses|||121,705||52,113|173,818||33,163|
|Other recognised
gains or losses|||||||||
|Pensions Trust Deficit|||||||17|(26,409)|
|Net movement||in funds|121,705||52,113|173,818||6,754|
|Reconciliation
of Funds|||||||||
|Total funds brought
forward|||3,576,870||275,411|3,852,281||3,845,527|
|Total Funds carried forward|||3,698,575||327,524|4,026,099||3,852,281|
##
##
|||||||Total|Notes|Prior year|
|---|---|---|---|---|---|---|---|---|
|||||||Funds||total funds|
|||||||E||f|
|Fixed Assets|||||||||
|Tangible assets||||||2,944,957|3|2,896,008|
|Investments||||||816,398|4|578,011|
|Total Fixed|Assets|||||3,761,355||3,474,019|
|Current Assets|||||||||
|Debtors||||||183,003|5|48,216|
|Short term bank deposits||||||||38,892|
|Cash at bank and|in hand|||||594,366||478,758|
|Total Current Assets||||||777,369||565,866|
|Liabilities:|||||||||
|Creditors
falling due within||1|year|||512,625|6|94,789|
|Net Current|Assets|||||264,744||471,077|
|Total assets less current||||liabilities||4,026,099||3,945,096|
|Defined Benefit Pension Scheme||||Liability|||17|92,815|
|Net Assets|Including||Pension||Liability|4,026,099||3,852,281|
|Funds ofthe Foundation|||||||||
|Unrestricted
Income Funds||||||3,698,575|15|3,576,870|
|Restricted
Income|Funds|||||327,524|15|275,411|
|Total Foundation|Funds|||||4,026,099||3,852,281|
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||E||
|Net Cash Used in operating|activities||(note 21)||176,546|13,769|
|Cash Flows from investing|activities||||||
|Investment
Income|||||30,866|26,629|
|Purchase of Quoted Investments||||||(300,000)|
|Proceeds ofdisposal of Quoted Investments
Purchase of Fixed Assets|||||~130,696|155,588
81,174)|
|Cash Provided
by (used in)|investing||activities||99,830)|198,957|
|Increase (decrease)
in cash|and|cash|equivalents||||
|end ofthe period|||||76,716|(212,726)|
|Cash and cash equivalents
at|the|beginning||ofthe period|517,650|730,376|
|Total cash and cash equivalents||at the end ofthe period|||594,366|517,650|
|Held as:|||||||
|Short term bank deposits||||||38,892|
|Cash at bank and
in hand|||||594,366|478,758|
|Total cash and cash equivalents||at the end ofthe period|||594,366|517,650|
##
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##
|3|TANGIBLE ASSETS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Freehold|Property|Under|Leasehold|Motor|Plant and|Total|
||||||Property|Construction||Property|Vehides|Equipment||
|||||||||(long)||||
|||||||||6||||
||COST|||||||||||
||At 1 April 2019||||2,632,736|||583,649|335,288|498,886|4,050,559|
||Additions
in year||||||39,278||41,129|50,289|130,696|
||Disposals
in year||||||||(53,116)||(53,116)|
||At 31 August 2020||||2,632,736|39,278||583,649|323,301|549,175|4,128,139|
||DEPRECIATION|||||||||||
||At 1 April 2019||||40,660|||388,010|239,351|486,530|1,154,551|
||Charge for the year|||||||31,713|39,448|10,586|81,747|
||Disposals
in year||||||||(53,116)||(53,116)|
||At 31 August 2020||||40,660|||419,723|225,683|497,116|1,183,182|
||NET BOOK VALUE|||||||||||
||At 31 August 2020||||2 592,076|39,278||163,926|97,618|52,059|2,944 957|
||At 31 March 2019||||2,592,076|||195,639|95,937|12,356|2,896,008|
|4|INVESTMENTS|||||||||||
|||||||||||2020|2019|
|||||||||||6|5|
||Quoted investments:|||||||||||
||Mid market value
1 April 2019 / 1 April 2018|||||||||301,699|155,970|
||Investments
additions||||||||||300,000|
||Investments
acquired|by Legacy||||||||||
||Investments
disposals||||||||||(155,588)|
||Realised
gain on investments||sold||||||||66|
||Unrealised
gain/(loss)|||||||||14,699|1,251|
||Mid market value 31 August 2020|||/ 31 March 2019||||||316,398|301,699|
||Investment
property:|||||||||||
||Market value 1 April 2019/1||April|2018||||||276,312|276,312|
||Unrealised
gain|||||||||223,688||
||Market value 31 August 2020/31|||March 2019||||||500,000|276,312|
||Total Investments|||||||||816,398|578,011|
##
##
|5|DEBTORS||||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||f|f|
||Trade debtors|||||||||||||772|
||School fees and|other charitable||||fees receivable|||||||142,428|20,150|
||Other debtors and prepayments||||||||||||40,575|27,294|
||||||||||||||183,003|48,216|
|6|CREDITORS (due within one||||year)||||||||2020
f|2019
f|
||Tax and social security creditors||||||||||||32,568|31,690|
||Deferred Income||||||||||||398,030|8,740|
||Other creditors|&accruals|||||||||||82,027|54,359|
||||||||||||||512,625|94,789|
||Deferred income represents|||cash received or debtors recognised||||||in respect of charitiable|activities to be undertaken||in future periods.||
|7|DONATIONS
8|LEGACIES||||||||Unrestricted||Restricted|2020|2019|
||||||||||||Funds
f|Funds
f|Totalf|Totalf|
||Donations||||||||||30,190|64,454|94,644|47,140|
||Grants||||||||||60,229|26,339|86,568|91,994|
||||||||||||90,419|90,793|181,212|139,134|
|8|OTHER TRADING ACTIVITIES|||||||||Unrestricted||Restricted|2020|2019|
||||||||||||Funds
F|Funds
f|Totalf|Totalf|
||Hire of Facilities||||||||||78,085||78,085|90,029|
||Sales Receipts|Subsidiary|Company||||(Charity Shops)||||248,664||248,664|233,027|
||||||||||||326,749||326,749|323,056|
|9|INCOME FROM CHARITABLE|||||ACTIVITIES|||||||||
|||||||||||Unrestricted||Restricted|2020|2019|
||||||||||||Funds|Funds
f|Totalf|Totalf|
||Bramley
Hill Centre||||||||||482,419||482,419|384,285|
||Jean Garwood|House|||||||||694,089||694,089|531,174|
||Rutherford
School||||||||||1,738,637||1,738,637|1,134,810|
||||||||||||2,915,145||2,915,145|2,050,269|
|10|COSTS OF RAISING FUNDS|||||||||Unrestricted||Restricted|2020|2019|
||||||||||||Funds|Fundsf|Totalf|Totalf|
||Direct staff and|administration|||of charity shops||||||227,437||227,437|161,468|
||Allocation
of support costs||to charity||||shops||||47,711||47,711|33,018|
||Direct staff and|admininstration||||costs of Appeals||department|||25,500||25,500|20,378|
||||||||||||300,648||300,648|214,864|
|11|EXPENDITURE|ON CHARITABLE ACTIVITIES||||||(including|allocation ofsupport costs)||||||
|||||||||||Unrestricted||Restricted|2020|2019|
||||||||||||Funds
f|Fundsf|Totalf|Totalf|
||Bramley
Hill Centre||||||||||653,892|6,450|660,342|484,639|
||Jean Garwood|House|||||||||755,200|17,244|772,444|518,849|
||Rutherford
School||||||||||1,762,342|22,765|1,785,107|1,288,890|
||||||||||||3,171,434|46,459|3,217,893|2,292,378|
##
|SUPPORT C|OSTS (in|clu|ded
in Note 1|1)|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Jean||||
|||||||||Bramley||Hill|Garwood||Rutherford||
||||||||||Centre||House||School|Total|
|||||||||||||||2020|
||||||||||E||F||f|E|
|Administration|Staff Costs|||||||||47,834|47,834||47,834|143,502|
|Information
Technology||||||||||483||483|483|1,449|
|Governance
Costs||||||||||5,452|5,452||5,452|16,356|
|Caravan
Depreciation||&Expenses||||||||4,642|4,642||4,642|13,926|
|Other costs||||||||||16,287|16,287||16,287|48,861|
|Allocated to Fund Raising|||Trading
(Croydon CP Trading|||Ltd)|||15,903||15,904||15,904|47,711|
|Total Support|Costs for the period ended 31st||||August 2020:||||58,795||58,794||58,794|176,383|
|Total Support|Costs for the year ended|||31st March 2019:|||||42,928||42,928||42,928|128,784|
|Support costs|are allocated to operating|||units|in equal proportions.||||||||||
|STAFF COSTS|||||||||||||||
|These costs are included
"Expenditure
on charitable|||in "Costs of raising funds" and
activities" and consist of:||||||||||2020
6|2019
f|
||||Salaries and wages||||||||||2,244,601|1,545,387|
||||Social security|costs|||||||||179,872|120,032|
||||Pension costs||||||||||75,842|43,381|
||||||||||||||2,500,315|1,708,800|
|Included
in salaries and pension costs above|||||are employee||and employer|contributions|(respectively)||to the defined||contribution||
|pension schemes
referred|||to in Accounting
Policies (Note 1i).||||||||||||
||||||||||||||2020|2019|
|The estimated|average|number
of employees;|||||||||||Number|Number|
||||Direct charitable
activities||||||||||82|74|
||||Management|and administration|||||||||9|9|
||||Appeals||||||||||1|1|
||||||||||||||92|84|
##
||retirement
benefits accruing
under a statutory
defined|benefit|pension sche|me (Teache|me (Teache|rs Pension).|||
|---|---|---|---|---|---|---|---|---|
||The total remuneration
of key management
personnel|during|the 17month|period was||5289,320 (2019year: 5197,402)|||
|14|NET INCOME I EXPENDITURE FOR THE YEAR||||||2020|2019|
|||||||||f|
||This is stated after charging
the following;||||||||
||Depreciation||||||81,747|37,321|
||Operating
lease payments
recognised as an expense||||||45,254|32,183|
||Auditors
Remuneration
- audit ofthese financial
statements||||||6,500|6,500|
||Auditors
Remuneration
-other services (audit of subsidiary,||interim accounts,||advising|generally)|7,130|2,075|
|||||||Balance|Movement|in resources:|in resources:|||||Balance|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Fund|01-Apr-19
6|Incoming
E||Outgoing
f|Transfers
5||||31-Aug-20
5|
|nrestricted|Funds|||||3,576,870|3,601,566||3,472,082||7,779|||3,698,575|
|Restricted
Funds|||||||||||||||
|RS Donations||& Legacies||||38,225|54,969||(11,715)|||||81,479|
|JGH Donations||&Legacies||||10,398|15,939|||||||26,337|
|BH Donations||&Legacies||||33,247|9,885||(6,450)|||||36,682|
|IT Admin
Expenditure||||||4,500||||||||4,500|
|Hydrotherapy|Pool|||||98,626||||||||98,626|
|Minibus
Fund||||||90,415|10,000||(28,294)||7,779|||79,900|
|||||||275,411|90,793||46,459||7,779|||327,524|
|Total||||||3,852,281|3,692,359||3,518,541|||||4,026,099|
|Comparaitve|movements||in|funds:|||||||||||
|||||||Balance|Movement|in resources;||||||Balance|
|||||||01-Apr-18|Incoming||Outgoing|Transfers||||31-Mar-19|
|||||||F|5||6||6|||F|
|Unrestricted|Funds|||||3,647,980|2,422,829||(2,493,939)|||||3,576,870|
|Restricted
Funds||||||197,547|117,576||39,712|||||275,411|
|Total||||||3,845,527|2,540,405||2,533,651|||||3,852,281|
|Description|ofRestricted|||Funds|||||||||||
|RS Donations||& Legacies:||||Donations
and|legacies restricted||for the benefit of Rutherford||||School.||
|JGH Donations||&Legacies:||||Donations
and|legacies restricted||for the benefit|ofJean Garwood||||House.|
|BH Donations||&Legacies:||||Donations
and|legacies restricted||for the benefit|of Bramley||Hill.|||
|IT Admin
Expenditure:||||||Donations
restricted to cover||costs of IT expenditure.|||||||
|Hydrotherapy||Pool:||||Donations
restricted to cover||costs of construction||of|the Hydrotherapy
Pool (Part ofthe "19-25 Project")||||
|Minibus
Fund:||||||This fund represents
the net||book|value of minibuses||purchased|||with grants that were received|
|||||||specifically to|fund their purchase.||||||||
##
|ANALYS|IS OF NET AS|SETS BETWEE|N FUNDS A|S AT 31AU|GU|ST 2020|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||Unrestricted|RS
Donations
&Legacies|JGH
Donations
Legacies|&|BH Donations
&Legacies|IT Admin
Expenditure|Hydrotherapy
Pool|Minibus
Fund|Total|
|||5|6|5||F|||||
|Tangible|Fixed Assets|2,786,879|38,900|||||39,278|79,900|2,944,957|
|Investments||816,398||||||||816,398|
|Debtors||183,003||||||||183,003|
|Bank deposits|||||||||||
|Cash||424,920|42,579|26,337||36,682|4,500|59,348||594,366|
|Creditors||(512,625)||||||||(512,625)|
|Net Assets||3,698,575|81,479|26,337||36,682|4,500|98626|79,900|4,026,099|
##
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##
||||Unrestricted|Designated|Restricted|Total||
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|2019|
|Income K Endowments
from;||||||||
|Grants,
Donations
&Legacies|||50,391||90,793|141,184|139,134|
|Donation
from Trading
Subsidiary|||13,672|||13,672|38,594|
|Other Trading
Activities|||78,085|||78,085|90,029|
|Investments;
interest, dividends, rents|||30,738|||30,738|26,576|
|Income from charitable|activities||2,915,145|||2,915,145|2,050,269|
|Total|||3,088,031||90,793|3,178,824|2,344,602|
|Expenditure
on:||||||||
|Raising
Funds|||25,500|||25,500|20,378|
|Charitable
activities|||3,171,434||46,459|3,217,893|2,292,378|
|Total|||3,196,934||46,459|3,243,393|2,312,756|
|Net Income/(Expenditure)
before||gains and losses|(108,903)||44,334|(64,569)|31,846|
|on investment
assets||||||||
|Gain/Loss
on investment
assets||||||||
|Realised Gain/(Loss)|||||||66|
|Unreaslised
Gain/(Loss)|||238,387|||238,387|1,251|
|Total|||238,387|||238,387|1,317|
|Net Income/(Expenditure)|||129,484||44,334|173,818|33,163|
|Transfers||||||||
|Gross transfers
between|funds||(7,779)||7,779|||
|Net incoming
resources|before other|||||||
|recognised
gains and losses|||121,705||52,113|173,818|33,163|
|Other recognised
gains or losses||||||||
|Pensions Trust Deficit|||||||(26,409)|
|Net movement||in funds|121,705||52,113|173,818|6,754|
|Reconciliation
of Funds||||||||
|Total funds
brought
forward|||3,576,870||275,411|3,852,281|3,845,527|
|Total Funds carried forward|||3,698,575||327,524|4,026,099|3,852,281|
##
##
||||||Total|Prior year|
|---|---|---|---|---|---|---|
||||||Funds|total funds|
|Fixed Assets|||||||
|Tangible assets|||||2,944,957|2,896,008|
|Investments|||||816,400|578,013|
|Total Fixed Assets|||||3,761,357|3,474,021|
|Current Assets|||||||
|Debtors|||||306,111|329,622|
|Short term bank deposit||||||38,892|
|Cash at bank and
in hand|||||464,903|192,860|
|Total Current Assets|||||771,014|561,374|
|Liabilities:|||||||
|Creditors
falling due within|1|year|||506,272|90,299|
|Net Current Assets|||||264,742|471,075|
|Total assets less current|||liabilities||4,026,099|3,945,096|
|Defined Benefit Pension Scheme|||Liability|||92,815|
|Net Assets
Including||Pension||Liability|4,026,099|3,852,281|
|Funds ofthe Foundation|||||||
|Unrestricted
Income Funds|||||3,698,575|3,576,870|
|Restricted
Income Funds|||||327,524|275,411|
|Total Foundation
Funds|||||4,026,099|3,852,281|
|Frank Newton|||||||
|||||||Directors|
|John Newton|||||||