| Page | ||||
|---|---|---|---|---|
| Trustees' annual report |
||||
| Independent examiner's report |
to the trustees | |||
| Statement offinancial | activities | |||
| Statement offinancial | position | |||
| Notes to the financial | statements | |||
| The following pages |
do not form part of | the financial statements | ||
| Detailed statement of |
financial | activities | 20 | |
| Notes to the detailed | statement | offinancial | activities | 23 |
| Registered | Registered | charity | name | NHS Retirement | Fellowship | Fellowship | |
|---|---|---|---|---|---|---|---|
| Charity | registration | number | 287936 | ||||
| Principal | office | Weymouth Community |
Hospital | ||||
| Melcombe Avenue | |||||||
| Weymouth | |||||||
| Dorset | |||||||
| DT4 7TB | |||||||
| The trustees | |||||||
| Mrs A Harris | (Resigned 31 March 2021) | ||||||
| Mrs M Moffat - Chairman | |||||||
| Mr P Farenden - Honorary | |||||||
| Treasurer | |||||||
| Mrs W Lindley | |||||||
| Mrs C Matthews | |||||||
| Mr D Mortimer | |||||||
| Mrs C Panniker | |||||||
| Mr G Kempton | |||||||
| Mr C Kitchin | |||||||
| Mr D Patterson | |||||||
| Independent | examiner | Stephen J Frost | |||||
| Unit C, Regent House | |||||||
| 9 Crown Square | |||||||
| Poundbury | |||||||
| Dorset | |||||||
| DT1 3DY |
| Ye | ar | end | ed 31 March | 2021 | |||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | E | E | |||||
| Income and endowments | |||||||
| Donations and legacies |
210,181 | 31,000 | 241,181 | 322,663 | |||
| Charitable activities |
60,690 | 60,690 | 567,003 | ||||
| Other trading activities |
1,086 | ||||||
| Investment income |
1,275 | 1,275 | 1,802 | ||||
| Other income | 823 | 215 | 1,038 | 15,109 | |||
| Total income | 272,969 | 31,215 | 304,184 | 907,663 | |||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 9,10 | (321,438) | (36,057) | (357,495) | (1,039,013) | |
| Total expenditure | (321,438) | (36,057) | (357,495) | (1,039,013) | |||
| Net gains on investments | 12 | 26,677 | 26,677 | 131 | |||
| Net expenditure and net |
movement | in | |||||
| funds | (21,792) | (4,842) | (26,634) | (131,219) | |||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
858,811 | 56,926 | 915,737 | 1,046,956 | |||
| Transfers | 3,250 | (3,250) | |||||
| Total funds carried forward | 840,269 | 48,834 | 889,103 | 915,737 |
| 31 March 202 | 1 | |||||
|---|---|---|---|---|---|---|
| Note | 2021 6 |
2020 f |
||||
| Fixed assets | ||||||
| Investments | 18 | 137,031 | 110,354 | |||
| Current assets | ||||||
| Stocks | 19 | 3 | 12 | |||
| Debtors | 20 | 22,580 | 77,322 | |||
| Cash at bank and | in | hand | 760,051 | 805,377 | ||
| 782,634 | 882,711 | |||||
| Creditors: amounts | falling | due within one year | 21 | (30,562) | (77,328) | |
| Net current assets | 752,072 | 805,383 | ||||
| Total assets less | current | liabilities | 889,103 | 915,737 | ||
| Net assets | 889,103 | 915,737 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 48,834 | 56,926 | ||||
| Unrestricted funds |
840,269 | 858,811 | ||||
| Total charity funds | 22 | 889,103 | 915,737 |
| Ye | ar ended 3 | 1 March 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| 4. | Donations and legacies |
|||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds 6 |
Funds f |
2021 6 |
||||||
| Donations | ||||||||
| Other Donations | 44,963 | 44,963 | ||||||
| Legacies | ||||||||
| Legacies | ||||||||
| Grants | ||||||||
| NHS/Health Education |
England | Grant | 11,115 | 11,115 | ||||
| Photography Project Grant |
400 | 400 | ||||||
| Other Grants | ||||||||
| National Lottery Community |
fund grant | 75,000 | 75,000 | |||||
| Scottish Development | Grant | 20,000 | 20,000 | |||||
| OSIS grant | ||||||||
| Welsh conference | grant | |||||||
| Heritage lottery grant |
||||||||
| Manchester project grant |
10,000 | 10,000 | ||||||
| Sponsorship | ||||||||
| Sponsorship | 2,948 | 1,000 | 3,948 | |||||
| Subscriptions | ||||||||
| Subscriptions | 75,755 | 75,755 | ||||||
| 210,181 | 31,000 | 241,181 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds f |
Funds 6 |
2020 | ||||||
| Donations | ||||||||
| Other Donations | 7,823 | 7,823 | ||||||
| Legacies | ||||||||
| Legacies | 42,810 | 42,810 | ||||||
| Grants | ||||||||
| NHS/Health Education |
England | Grant | 12,310 | 12,310 | ||||
| Photography Project Grant |
||||||||
| Other Grants | 825 | 825 | ||||||
| National Lottery Community |
fund | grant | ||||||
| Scottish Development | Grant | 20,000 | 20,000 | |||||
| CSISgrant | 20,000 | 20,000 | ||||||
| Welsh conference | grant | 3,708 | 3,708 | |||||
| Heritage lottery grant |
10,000 | 10,000 | ||||||
| Manchester project |
grant | |||||||
| Sponsorship | ||||||||
| Sponsorship | 5,100 | 1,000 | 6,100 |
| 4. | Donations and |
Donations and |
legacies (continued) | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds f |
Funds | 2020 f |
|||||
| Subscriptions | |||||||
| Subscriptions | 199,087 | 199,087 | |||||
| 267,955 | 54,708 | 322,663 | |||||
| 5. | Charitable activities |
||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds f |
Funds | 2021 f |
|||||
| Seminars &conferences |
|||||||
| Special events | 20,101 | 20,101 | |||||
| Lottery income | 1,372 | 1,372 | |||||
| Outings including |
Xmas dinner | 24,873 | 24,873 | ||||
| Badges and brooches | |||||||
| Fund raising events | 1,478 | 1,478 | |||||
| Gift aid income | 12,866 | 12,866 | |||||
| 60,690 | 60,690 | ||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds f |
Funds | 2020 f |
|||||
| Seminars &conferences |
10,409 | 780 | 11,189 | ||||
| Special events | 136,432 | 136,432 | |||||
| Lottery income | 1,893 | 1,893 | |||||
| Outings including |
Xmas dinner | 328,913 | 328,913 | ||||
| Badges and brooches | 1,710 | 1,710 | |||||
| Fund raising events | 55,164 | 55,164 | |||||
| Gift aid income | 31,702 | 31,702 | |||||
| 566,223 | 780 | 567,003 | |||||
| 6. | Other trading | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds f. |
2021 f |
Funds | 2020 f |
||||
| Shop income | 1,086 | 1,086 | |||||
| 7. | Investment income |
||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 f |
Funds f. |
2020 | ||||
| Bank interest receivable | 1,275 | 1,275 | 1,802 | 1,802 |
| Other income | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds | 2021 6 |
||
| Entrance fees | 160 | 160 | ||
| Refreshments | &AGM lunches | 500 | 500 | |
| Miscellaneous | income | 163 | 215 | 378 |
| 823 | 215 | 1,038 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds F |
2020 | ||
| Entrance fees | 5,627 | 5,627 | ||
| Refreshments | &AGM lunches | 7,791 | 7,791 | |
| Miscellaneous | income | 1,013 | 678 | 1,691 |
| 14,431 | 678 | 15,109 |
| Expenditure on charitable activit |
ies by fund type |
||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds f |
Funds | 2021 | |
| Fellowship | 283,544 | 36,057 | 319,601 |
| Support costs | 37,894 | 37,894 | |
| 321,438 | 36,057 | 357,495 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| Fellowship | 906,381 | 90,759 | 997,140 |
| Supportcosts | 41,873 | 41,873 | |
| 948,254 | 90,759 | 1,039,013 |
| Expenditure | on charitable a |
ctivities by activity type |
|||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2021 | 2020 | ||
| 5 | 6 | F | 5 | ||
| Fellowship | 319,601 | 319,601 | 997,140 | ||
| Governance | costs | 37,894 | 37,894 | 41,873 | |
| 319,601 | 37,894 | 357,495 | 1,039,013 |
| Analysis of | Analysis of | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| support costs | ||||||||||||
| activity 1 F |
Total 2021 6 |
Total 2020 f |
||||||||||
| Staff costs | 30,615 | 30,615 | 30,317 | |||||||||
| Support costs - Accountancy fees | 6,600 | 6,600 | 6,936 | |||||||||
| Support costs - Audit fees | 680 | 680 | 4,620 | |||||||||
| 37,895 | 37,895 | 41,873 | ||||||||||
| 12. | Net gains on | investments | ||||||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2021 | Funds | 2020 | |||||||||
| 6 | 6 | 6 | ||||||||||
| Gains/(losses) | on listed investments | 26,677 | 26,677 | 131 | 131 | |||||||
| 13. | Auditors remuneration |
|||||||||||
| 2021 6 |
2020f | |||||||||||
| Fees payable | for the audit | ofthe financial statements | 680 | 4,620 | ||||||||
| 14. | Independent | examination | fees | |||||||||
| 2021 6 |
2020f | |||||||||||
| Fees payable | to the independent | examiner for: | ||||||||||
| Independent examination |
ofthe financial | statements | 6,600 | 6,936 | ||||||||
| 15. | Staff costs | |||||||||||
| The total staff | costs and employee | benefits for | the reporting | period are | analysed as | follows: | ||||||
| 2021 | 2020 | |||||||||||
| 6 | ||||||||||||
| Wages and salaries | 171,855 | 195,500 | ||||||||||
| The average | head count of employees | during | the year was | 12 (2020: | 13).The average | number | ||||||
| offull-time equivalent employees |
during | the year is analysed | as follows: | |||||||||
| 2021 | 2020 | |||||||||||
| No. | No. | |||||||||||
| Number ofstaff - administration |
3 | 3 | ||||||||||
| No employee | received employee | benefits of more than | 660,000 during | the year (2020: Nil). |
| Investments | |
|---|---|
| Listed | |
| investments | |
| 6 | |
| Cost or valuation | |
| At 1 April 2020 | 110,354 |
| Additions | |
| Fair value movements | 26,677 |
| At 31 March 2021 | 137,031 |
| Impairment | |
| At 1 April 2020 and 31 March 2021 | |
| Carrying amount |
|
| At 31 March 2021 | 137,031 |
| At 31 March 2020 | 110,354 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Raw | materials | and | consumables | 3 | 12 |
| 20. | Debtors | ||||
|---|---|---|---|---|---|
| 2021 6 |
2020f | ||||
| Trade debtors | 12,644 | 31,717 | |||
| Prepayments | and accrued income | 9,936 | 45,605 | ||
| 22,580 | 77,322 | ||||
| 21. | Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| 6 | |||||
| Accruals and | deferred | income | 30,562 | 77,328 |
| At | ||||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | 31 Mar 202 | ||||||
| 1 | Apr 2020 6 |
income 6 |
Expenditure | Transfers 6 |
losses f |
1 | ||
| General | funds | 858,811 | 272,969 | (321,438) | 3,250 | 26,677 | 840,269 | |
| At | ||||||||
| At | Gains and | 31 Mar 202 | ||||||
| 1 | Apr 2019 6 |
Income f |
Expenditure f |
Transfers 6 |
losses 6 |
0 6 |
||
| General | funds | 979,182 | 851,497 | (948,254) | (23,745) | 131 | 858,811 |
| Restrict | ed | funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| At | |||||||||
| At | Gains and | 31 | Mar 202 | ||||||
| 1 Apr 2020 | income | Expenditure | Transfers | losses | 1 | ||||
| 6 | 6 | 6 | 6 | E | |||||
| Benevolent | Fund | 19,380 | 215 | 850 | 20,445 | ||||
| Scottish | Fund | 31,226 | 20,500 | (26,481) | (3,250) | 21,995 | |||
| Welsh Fund | 1 | 500 | (353) | 148 | |||||
| Social Care | |||||||||
| Project | |||||||||
| Website | project | ||||||||
| Heritage | 70/40 | ||||||||
| project | 6,319 | (467) | 5,852 | ||||||
| External | Funding | ||||||||
| Project | |||||||||
| Manchester | |||||||||
| project | 10,000 | (9,606) | 394 | ||||||
| 56,926 | 31,215 | (36,057) | (3,250) | 48,834 | |||||
| At | |||||||||
| At | Gains and | 31 | Mar 202 | ||||||
| 1 Apr 2019 f |
Income E |
Expenditure 6 |
Transfers | losses E |
0 E |
||||
| Benevolent | Fund | 21,735 | 678 | (3,033) | 19,380 | ||||
| Scottish | Fund | 38,251 | 20,500 | (24,275) | (3,250) | 3/,226 | |||
| Welsh Fund | 1 | 4,988 | (24,877) | 19,889 | |||||
| Social Care | |||||||||
| Project | 7,787 | (7,787) | |||||||
| Website | project | 10,000 | (10,000) | ||||||
| Heritage | 70/40 | ||||||||
| project | 10,000 | (3,681) | 6,319 | ||||||
| External | Funding | ||||||||
| Project | 10,000 | (17,106) | 7,106 | ||||||
| Manchester | |||||||||
| project | |||||||||
| 67,774 | 56,166 | (90,759) | 23,745 | 56,926 |
| Analysis of net as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| F | 6 | |||
| Investments Current assets Creditors less than |
1 year | 137,031 733,800 (30,562) |
48,834 | 137,031 782,634 (30,562) |
| Net assets | 840,269 | 48,834 | 889,103 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Investments Current assets Creditors less than |
1 year | 110,354 825,785 (77,328) |
56,926 | 110,354 882,711 (77,328) |
| Net assets | 858,811 | 56,926 | 915,737 |
| Branches | |||||
|---|---|---|---|---|---|
| Inc. | Head Office | ||||
| Scotland | General | TOTAL | |||
| 6 | |||||
| Income: | |||||
| Subscription | 60,380 | 15,375 | 75,755 | ||
| Fund Raising | Events | 1,478 | 1,478 | ||
| Interest | 1,005 | 270 | 1,275 | ||
| Donations & |
legacies | 44,963 | 44,963 | ||
| Outings including |
Christmas | ||||
| dinner | 21,793 | 21,793 | |||
| Welfare | |||||
| Special Events | 20,101 | 20,101 | |||
| Social gatherings | 500 | 500 | |||
| Sponsorship | 1,448 | 2,500 | 3,948 | ||
| Branch shop | |||||
| Refreshments | |||||
| Miscellaneous | 163 | 163 | |||
| Regional Meetings |
|||||
| Entrance Fees | |||||
| Lottery income | 1,372 | 1,372 | |||
| Scottish Gathering | |||||
| Refunds from |
Outings | 3,080 | 3,080 | ||
| Other Grants | 105,400 | 105,400 | |||
| NHS Trust Grant | 11,115 | 11,115 | |||
| Gift Aid | 12,866 | 12,866 | |||
| From Closed | Branches | ||||
| Photography | project grant | ||||
| Other Income | 160 | 215 | 375 | ||
| TOTAL | 166,186 | 137,998 | 304,184 |
| Branches | |||||
|---|---|---|---|---|---|
| Inc. | Head Office | ||||
| Expenditure: | Scotland E |
General | TOTAL f |
||
| Annual Conference/AGM |
Admin | 12,683 | 12,683 | ||
| Badges 8 Brooches | 105 | 105 | |||
| Bank charges | 80 | 999 | 1,079 | ||
| Rent & room hire | 1,475 | 1,005 | 2,480 | ||
| Meeting Costs | 580 | 580 | |||
| Recruitment/Publicity | |||||
| Other | 1,887 | 30 | 1,917 | ||
| Annual Conference |
4,538 | 4,538 | |||
| Newsletter | 882 | 57,810 | 58,692 | ||
| Regional Meetings |
25 | 25 | |||
| Special Events | 20,468 | 20,468 | |||
| Fund Raising Costs | 139 | 139 | |||
| Welfare | 2,590 | 2,590 | |||
| Outings | 21,925 | 21,925 | |||
| Donations | 6,345 | 6,345 | |||
| Payment of Meal | 110 | 110 | |||
| Refunds | 7,058 | 7,058 | |||
| Benevolent expenditure |
2,400 | 2,400 | |||
| Speakers | 573 | 900 | 1,473 | ||
| Staff Salaries 8 Wages | 171,855 | 171,855 | |||
| Insurance | 3,041 | 3,041 | |||
| Telephone, printing |
& stationery | 5,495 | 5,495 | ||
| Branch expenses | 39 | 39 | |||
| Website costs | 1,640 | 1,640 | |||
| Office equipment 8 |
software | 5,712 | 5,712 | ||
| Gifts and prizes | 4,217 | 4,217 | |||
| Audit &Accountancy |
7,279 | 7,279 | |||
| Legal 8 professional | fees | ||||
| Travel and Subsistence | 3,051 | 3,051 | |||
| Heritage lottery expenses |
467 | 467 | |||
| Photography group |
expenditure | 216 | 216 | ||
| Manchester project |
9,606 | 9,606 | |||
| Research survey | |||||
| Promotional & media costs |
270 | 270 | |||
| 80,601 | 276,894 | 357,495 |
| Branches | ||||
|---|---|---|---|---|
| Inc. | Head Office | |||
| Expenditure: | Scotland | General | TOTAL | |
| Net Surplus/ | (Deficit) | 85.585 | ~138,896 | 53,311 |
| Net (loss) gain | on investment | 1,142 | 25,535 | 26,677 |
| SURPLUS/(DEFICIT) FOR YEAR | 86,727 | ~113,361 | 26,634 |