**Charity number: 293865**
## **FAMILY IN TRUST**
**UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **FAMILY IN TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6 - 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Notes to the financial statements**|10 - 20|
**FAMILY IN TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **Trustees**
A C Green C Spreckley B Dobson (resigned 12 December 2020) A Barker R A Lantsbury (appointed 26 March 2020)
## **Charity registered number**
293865
## **Principal office**
The Old Convent Moor Hall Lane East Hanningfield Essex CM3 8AR
## **Accountants**
Venthams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB
## **Bankers**
HSBC Bank plc 91 High Street Brentwood Essex CM14 4RU
## **Solicitors**
Taylor Haldane Barlex LLP Copt House 73 Springfield Road Chelmsford Essex CM2 6JG
Page 1
**FAMILY IN TRUST**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 28 FEBRUARY 2021**
The Trustees present their annual report together with the financial statements of the charity for the year 1 March 2020 to 28 February 2021. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
## **Objectives and activities**
## **a. Policies and objectives**
The charity's objects are to promote the care and material educational, mental and spiritual welfare of children and adults who are suffering, or who have suffered, from the effects of mental and or physical handicap, social deprivation and delinquency and exposure to moral dangers and who are otherwise disadvantaged or at risk. The charity seeks to encourage the work of Jeanette Roberts as she continues to give support and care to many who have been abandoned or marginalised by society.
## **b. Activities undertaken to achieve objectives**
The trustees consider and make grants of money, clothing or otherwise for the benefits of those who are in need by paying, or contributing, towards the cost of equipment, maintenance, repair, insurance, rent, rates, reconstruction and general upkeep of any home or home which have been or may be established for their occupation.
The charity also provides food and accommodation within supported properties for staff and such other individuals (whether or not the same shall be the parent or legal guardian of such persons) who shall be responsible for, or shall be attending to, the day to day care and welfare of such persons, including the payment of staff and general expenses.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **c. Volunteers**
Whilst some administration and maintenance functions are outsourced, the charity’s day to day operations are reliant on he support of unpaid volunteers, who provide help to those caring for individuals being assisted by the charity. The varied nature of this support and time given make it impossible to quantify the time spent or number of people involved.
In addition the charity’s trustees all serve on a voluntary basis.
## **d. Main activities undertaken to further the charity's purposes for the public benefit**
The trustees are mindful of their duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. The objectives and activities of Family in Trust are undertaken to further our charitable purposes for the public benefit.
Page 2
**FAMILY IN TRUST**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **Achievements and performance**
## **a. Key performance indicators**
The charity aims to operate within the income it receives from charitable activities.
The trustees continue to be aware that the specific needs of the beneficiaries necessitate facilities that enable them to live in a safe secure environment that ensures their safety and life quality at all times.
## **b. Review of activities**
The charity's main activity continued to be the promotion of care and welfare of children and adults suffering, or who have suffered, from the effects of mental or physical handicap or social deprivation. In pursuit of that activity, £85,524 (2020: £100,665) was contributed to the support of the Roberts family, enabling much needed refurbishment of the property to take place, together with provision for on-going running costs.
The work of Jeanette Roberts continues to give support and care to many who have been abandoned or marginalised by society. Over the years some 75 children and young adults have enjoyed the comfort of family life and a loving home, often coming from the most difficult backgrounds. Family in Trust seeks to encourage this works by providing funding to enable each person to come to their full potential and, where appropriate, to lead an independent life in the community.
Administration costs amounted to £13,548 (2020: £7,679).
The trustees are monitoring PHE advice and guidance on COVID-19 and are reviewing actions and appropriate protective measures as needed.
Following extensive work to the Chapel building as reported in the previous years’ accounts, the Hall has been rebuilt to provide a recreational and social space with a range of facilities to accommodate the differing needs of the family. In addition, the Annexe is in a tired state of repair and will require some investment in refurbishing in two to three years with an expected cost of approximately £250,000.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 3
**FAMILY IN TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **b. Reserves policy**
The majority of the charity's income is generally received in the form of housing benefit with gernerally only a small proportion in the form of donations. The trustees believe it appropriate to have only one General Fund which is unrestricted, with the continued objective to finance the refurbishment costs of the property and support of the Roberts Family.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained above a level equivalent to between one and three month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities. This level of reserves has been maintained throughout the year. The charity's assets are adequate to fulfil all of its obligations.
## **Structure, governance and management**
## **a. Constitution**
Family in Trust is a registered charity, number 293865, and is constituted under a Trust deed dated 17 February 1986 as amended 20 September 2003.
## **b. Methods of appointment or election of Trustees**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
The power of appointing new or additional trustees, where necessary, is vested in the existing trustees of the charity. The trustees may appoint any number of additional trustees and must ensure that the number of trustees is maintained as no less than two trustees.
Page 4
**FAMILY IN TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## **A C Green**
Date: 13 May 2021
Page 5
**FAMILY IN TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **Independent examiner's report to the Trustees of Family in Trust ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 28 February 2021.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 6
**FAMILY IN TRUST**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Stuart Harrison
Dated: 17 May 2021 FCA
## **Venthams**
Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB
Page 7
## **FAMILY IN TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2021**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
**Total income**
**Expenditure on:**
Charitable activities
7
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**121,728**
**78,641**
**3,354**
**1,003**
**204,726**
**110,705**
**110,705**
**94,021**
**1,598,969**
**94,021**
**1,692,990**|**Total**
**funds**
**2021**
**£**
**121,728**
**78,641**
**3,354**
**1,003**
**204,726**
**110,705**
**110,705**
**94,021**
**1,598,969**
**94,021**
**1,692,990**|_Total_
_funds_
_2020_
_£_
_262,119_
_72,398_
_2,687_
_-_
_337,204_|
|---|---|---|---|
||||_117,510_
_117,510_|
||||_219,694_|
||||_1,379,275_
_219,694_
_1,598,969_|
Page 8
## **FAMILY IN TRUST**
## **BALANCE SHEET FOR THE YEAR ENDED 28 FEBRUARY 2021**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
15
**Total funds**|**2,187**
**9,313**
**11,500**
**(3,368)**|**28 February**
**2021**
**£**
**1,684,858**
**1,684,858**
**8,132**
**1,692,990**
**1,692,990**
**-**
**1,692,990**
**1,692,990**|_2,423_
_11,769_
_14,192_
_(4,749)_|_29 February_
_2020_
_£_
_1,589,526_|
|---|---|---|---|---|
|||||_1,589,526_
_9,443_|
|||||_1,598,969_|
|||||_1,598,969_|
|||||_-_
_1,598,969_|
|||||_1,598,969_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **A C Green**
## **A Barker**
Date: 13 May 2021
Page 9
**FAMILY IN TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **1. General information**
The charity objective is the promotion of care and welfare of children and adults who have suffered from the effects of mental or physical handicap or social deprivation. The charity is registered with the Charity Commission under charity number 293865.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Family in Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the charity's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 10
**FAMILY IN TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **2. Accounting policies (continued)**
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
At each reporting date the charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. .
Depreciation is provided on the following bases:
|Freehold property|- no depreciation|
|---|---|
|Plant and machinery|- 25% straight line|
|Motor vehicles|- 25% reducing balance|
|Fixtures and fittings|- 20% straight line|
|Other fixed assets|- 10% straight line|
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 11
**FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **2. Accounting policies (continued)**
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.9 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.10 Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **2.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12
## **FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2021**
**£**
Donations
121,528
Other income
200
121,728
_Total 2020_
_262,119_
**4.**
**Income from charitable activities**
**Unrestricted**
**funds**
**2021**
**£**
Income from charitable activities - Financial support for work
of the Roberts family
78,641
_Total 2020_
_72,398_
**5.**
**Investment income**
**Unrestricted**
**funds**
**2021**
**£**
Investment income - local investment properties
3,351
Investment income - local cash
3
3,354
_Total 2020_
_2,687_|**Total**
**funds**
**2021**
**£**
**121,528**
**200**
**121,728**
_262,119_
**Total**
**funds**
**2021**
**£**
**78,641**
_72,398_
**Total**
**funds**
**2021**
**£**
**3,351**
**3**
**3,354**
_2,687_|_Total_
_funds_
_2020_
_£_
_262,119_
_-_
_262,119_|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_72,398_|
|||_Total_
_funds_
_2020_
_£_
_2,633_
_54_
_2,687_|
||||
Page 13
## **FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **6. Other incoming resources**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2021**|**2021**|_2020_|
||**£**|**£**|_£_|
|Government furlough grants|1,003|**1,003**|_-_|
## **7. Analysis of expenditure on charitable activities Summary by fund type**
|Financial support for work of the Roberts family
_Total 2020_
**Summary by expenditure type**
Financial support for work of the Roberts
family
Financial support for work of the Roberts
family|**Unrestricted**
**funds**
**2021**
**£**
110,705
_117,510_
**Staff costs**
**2021**
**Depreciation**
**2021**
**£**
**£**
18,961
11,633
_Staff costs_
_2020_
_Depreciation_
_2020_
_£_
_£_
_18,154_
_9,166_|**Total**
**funds**
**2021**
**£**
**110,705**
_117,510_
**Other costs**
**2021**
**£**
80,111
_Other costs_
_2020_
_£_
_90,190_|_Total_
_funds_
_2020_
_£_
_117,510_|
|---|---|---|---|
||||**Total**
**funds**
**2021**
**£**
**110,705**|
||||_Total_
_funds_
_2020_
_£_
_117,510_|
Page 14
**FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **8. Analysis of expenditure by activities**
|Financial support for work of the Roberts family
Financial support for work of the Roberts family|**Activities**
**undertaken**
**directly**
**2021**
**£**
97,157
_Activities_
_undertaken_
_directly_
_2020_
_£_
_109,831_|**Support**
**costs**
**2021**
**£**
13,548
_Support_
_costs_
_2020_
_£_
_7,679_|**Total**
**funds**
**2021**
**£**
**110,705**|
|---|---|---|---|
||||_Total_
_funds_
_2020_
_£_
_117,510_|
## **Analysis of direct costs**
|Staff costs
Depreciation
House maintenance
Water rates and council tax
Light, heat and fuel
Insurance
Motor and travelling
Printing, postage and stationery
Legal and professional
_Total 2020_|**Financial**
**support for**
**work of the**
**Roberts**
**family**
**2021**
**£**
18,961
11,633
23,750
11,851
21,397
5,291
1,742
-
2,532
97,157
_109,831_|**Total**
**funds**
**2021**
**£**
**18,961**
**11,633**
**23,750**
**11,851**
**21,397**
**5,291**
**1,742**
**-**
**2,532**
**97,157**
_109,831_|_Total_
_funds_
_2020_
_£_
_18,155_
_9,166_
_28,667_
_16,019_
_27,321_
_4,169_
_3,376_
_8_
_2,950_
_109,831_|
|---|---|---|---|
|||||
Page 15
## **FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **8. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
||**Financial**|||
|---|---|---|---|
||**support for**|||
||**work of the**|||
||**Roberts**|**Total**|_Total_|
||**family**|**funds**|_funds_|
||**2021**|**2021**|_2020_|
||**£**|**£**|_£_|
|Governance costs|13,548|**13,548**|_7,679_|
## **9. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £ - ( _2020_ - _£ -_ ).
## **10. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2021**
**£**
**18,618**
**343**
**18,961**|_2020_
_£_
_17,813_
_341_|
|---|---|---|
|||_18,154_|
Included within wages and salaries is an amount of £1,519 in respect of a redundancy payment made during the year.
The average number of persons employed by the charity during the year was as follows:
|**2021**|_2020_|
|---|---|
|**No.**|_No._|
|**1**|_1_|
No employee received remuneration amounting to more than £60,000 in either year.
## **11. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year ended 28 February 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ .
Page 16
## **FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **12. Tangible fixed assets**
|**Cost or valuation**
At 1 March 2020
Additions
At 28 February 2021
**Depreciation**
At 1 March 2020
Charge for the year
At 28 February 2021
**Net book value**
At 28 February 2021
_At 29 February 2020_|**Freehold**
**property**
**£**
**1,542,232**
**96,660**
**1,638,892**
**-**
**-**
**-**
**1,638,892**
_1,542,232_|**Plant and**
**machinery**
**£**
**6,000**
**-**
**6,000**
**2,000**
**1,200**
**3,200**
**2,800**
_4,000_|**Motor**
**vehicles**
**£**
**26,582**
**-**
**26,582**
**18,697**
**1,971**
**20,668**
**5,914**
_7,885_|**Fixtures**
**and fittings**
**£**
**41,086**
**10,305**
**51,391**
**21,710**
**5,921**
**27,631**
**23,760**
_19,376_|**Other fixed**
**assets**
**£**
**42,033**
**-**
**42,033**
**26,000**
**2,541**
**28,541**
**13,492**
_16,033_|**Total**
**£**
**1,657,933**
**106,965**
**1,764,898**|
|---|---|---|---|---|---|---|
|||||||**68,407**
**11,633**
**80,040**|
|||||||**1,684,858**|
|||||||_1,589,526_|
## **13. Debtors**
|**Due within one year**
Prepayments and accrued income|**28 February**
**2021**
**£**
**2,187**
**2,187**|_29 February_
_2020_
_£_
_2,423_|
|---|---|---|
|||_2,423_|
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## **FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **14. Creditors: Amounts falling due within one year**
|Other taxation and social security
Accruals and deferred income|**28 February**
**2021**
**£**
**-**
**3,368**
**3,368**|_29 February_
_2020_
_£_
_183_
_4,566_|
|---|---|---|
|||_4,749_|
|**15.**
**Statement of funds**
**Statement of funds - current year**
**Unrestricted funds**
General Fund
**Statement of funds - prior year**
**Unrestricted funds**
General Fund|**Balance at 1**
**March 2020**
**£**
**1,598,969**
_Balance at_
_1 March_
_2019_
_£_
_1,379,276_|**Income**
**£**
**204,726**
_Income_
_£_
_339,690_|**Expenditure**
**£**
**(110,705)**
_Expenditure_
_£_
_(119,997)_|**Balance at**
**28 February**
**2021**
**£**
**1,692,990**|
|---|---|---|---|---|
|||||_Balance at_
_29 February_
_2020_
_£_
_1,598,969_|
## **16. Summary of funds**
**Summary of funds - current year**
|||||**Balance at**|
|---|---|---|---|---|
||**Balance at 1**|||**28 February**|
||**March 2020**|**Income**|**Expenditure**|**2021**|
||**£**|**£**|**£**|**£**|
|General funds|**1,598,969**|**204,726**|**(110,705)**|**1,692,990**|
Page 18
## **FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **16. Summary of funds (continued) Summary of funds - prior year**
||_Balance at_|||_Balance at_|
|---|---|---|---|---|
||_1 March_|||_29 February_|
||_2019_|_Income_|_Expenditure_|_2020_|
||_£_|_£_|_£_|_£_|
|General funds|_1,379,276_|_339,690_|_(119,997)_|_1,598,969_|
## **17. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**28 February**
**2021**
**£**
Tangible fixed assets
1,684,858
Current assets
11,500
Creditors due within one year
(3,368)
**Total**
1,692,990|**Total**
**funds**
**28 February**
**2021**
**£**
**1,684,858**
**11,500**
**(3,368)**
**1,692,990**|
|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_29 February_
_2020_
_£_
1,589,526
14,192
(4,749)
1,598,969|_Total_
_funds_
_29 February_
_2020_
_£_
_1,589,526_
_14,192_
_(4,749)_
_1,598,969_|
|---|---|---|
## **18. Pension commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £343 (2020 - £341 contributions totalling £Nil (2020: £Nil) were payable to the fund at the balance sheet date and are included in creditors.
Page 19
**FAMILY IN TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **19. Related party transactions**
During the year related parties gave a total of £120,768 (2020: £258,498) in unrestricted donations and £Nil (2019: £Nil) in restricted donations to the charity.
During the year £6,340 (2020: £7,679) was paid to R Ambor, sister of A C Green, a trustee, for management and secretarial services.
Page 20