2021-06-30-accounts - National AIDS Trust

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Trustees	and advisors
Board of	Trustees' report		2-18
Independent auditor's		report	19-21
Statement	offinancial	activities	22
Summary	income and	expenditure	24
Balance sheet			25
Statement	ofcash flows		26
Notes to	the financial	statements	27-43

POTENTIAL RISKS	POTENTIAL RISKS		ACTION TAKEN TO LESSEN IMPACT/LIKELIHOOD		ACTIONS TO BETAKEN OR ON-GOING TO LESSEN	ACTIONS TO BETAKEN OR ON-GOING TO LESSEN	ACTIONS TO BETAKEN OR ON-GOING TO LESSEN
					IMPACT/LIKELIHOOD
COVID-19 epidemic			Strict budgetary controls on	~	Monthly SMT review	of income
and economic			expenditure,		and expenditure.
downturn significantly impact financial security of organisation.			Cautious income targets set for 2020- 21 budget. Made use of Govt furlough scheme.	~	Apply for emergency where e!igible.	funding
			Applied for emergency funding where
			eligible.
			Pay freeze for all staff and reduced
			salaries for some senior staff (now
			ended).
		~	Diversify focus on fundraising team to
			include major donors.
Loss ofsector			Diversification offundraising team		Bring proposals for	cost cutting
specific funders	and		focus to include major donor and		measures including	moving
changes in funding			corporate,		offices to Board.
patterns threaten organisational sustainability.			Development of robust Fundraising Strategy. Development of Board Fundraising		Continued close scrutiny of progress. Use strategic plan to drive new
			Committee.		opportunities.
			Regular Board led group to explore
			options to resolve this issue.
			Robust scrutiny of progress by SMT
			and Board.
Staff wellbeing		~	Staff workstation reviews undertaken.		Ensure staff have correct
negatively impacted by working from home and lock down,			Use ofonline video meeting and instant message technology. More regular all staff check-In meetings.		computer equipment and chairs. Implement recommendations mental health group,		of
			Small staff we[lbeing fund established.
			Staff survey on how staff are doing,
			Mental health group working on
			improving policies and support for
			staff.
Impact of large		~	Careful planning for how legacy will be	~	Clear explanation of	legacy
legacy on financial			invested, to prioritise organisational		spending in relevant	statutory
position discourages			sustainability, core activities and		accounts.
trust and individual funders from donating.			reserves. Creation ofdesignated reserves to indicate non-availability of legacy for	~	Careful planning for monitoring oflegacy	spend and spend.
			day-to-day operations.

at	30June 2021 our Board of	Trustees comp	rised:
~	Professor Jane Anderson	CBE	~	Stephen Crampton-Hayward *
	(Chair) /"		~	Andrew Hochhauser	QC /**
~	Kathleen Britain /"*
			~	I-Iarry McAnulty
~ ~	Gary Christie Dr Valerie Delpech **		~ ~	Angelina Namiba ** Peter Roscrow *
~	James Dray ***		~	Dr Olwen Williams
~	Ceri Edwards ***		~	Dr Lee Winter /**
a	Judy Hague /"

Current financial year	Current financial year
			Unrestricted	Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds
			general	designated
			2020-21	2020-21	2020-21	2020-21	2020-21	2019-20
		Notes	K			E	F	R
Income from:
Donations and legacies			294,567		279,272	259,242	833,081	689,071
Charitable activities			160,612				160,612	85,308
Investments			4,072				4,072	7,013
Total income and
endowments			459,251		279,272	259,242	997,765	781,392
Raising funds		6	136,221				136,221	163,385
Charitable activitIes		7	383,123	87,095	282,419		752,637	770,260
Total resources
expended			519,344	87,095	282,419		888,858	933,645
Net
(outgoing)/incoming
resources before			(60,093)	(87,095)	(3,147)	259,242	108,907	(152,253)
Gross transfers	between
funds			307,947	(304,387)	(3,560)
Net movement	in funds		247,854	(391,482)	(6,707)	259,242	108,907	(152,253)
Fund balances at I July
2020			475,711	391,482	81,727		948,920	1,101,173
Fund balances	at 30
June 2021			723,565		75,020	259,242	'l,057,827	948,920

Prior financial year
			Unrestricted	Unrestricted		Restricted	Total
			funds		funds	funds
			general		designated
			2019-20		2019-20	2019-20	2019-20
		Notes					E
Income from:
Donations and legacies			493,969			195,102	689,071
Charitable activities			85,308				85,308
Investments			7,013				7,013
Total income and endowments			586,290			195,102	781,392
~Ex enditure on:
Raising funds			163,385				163,385
Charitable activities			473,846		108,109	188,305	770,260
Total resources expended			637,231		108,109	188,305	933,645
Net (outgoing)/incoming	resources before
transfers			(50,941)		(108,109)	6,797	(152,253)
Gross transfers between	funds		48,940		(48,940)
Net movement in funds			(2,001)		(157,049)	6,797	(152,253)
Fund balances at 1 July	2019		477,712		548,531	74,930	1,101,173
Fund balances at 30June 2020			475,711		391,482	81,727	948,920

		AII income funds
		2020-21	2019-20
			E
Gross income		T38,523	781,392
Total expenditure	from income funds	888,858	933,645
Net expenditure	for the year	(150,335)	(152,253)

				2020-21	2019-20
			Notes
Fixed assets
Tangible assets			11	16,699	20,551
Endowment investment			12	259,242
				275,941	20,551
Current assets
Stocks			13	22,393	19,664
Debtors falling due	after one year		14	13,511	13,511
Debtors falling due	within one year		14	63,087	125,320
Cash at bank and	in	hand		797,703	917,278
				896,694	1,075,773
Creditors: amounts		falling due within
one year			15	(114,808)	(147,404)
Net current assets				781,886	928,369
Total assets less	current liabilities			1,057,827	948,920
Capital funds
Expendable endowment			17	259,242
Income funds
Restricted funds				75,020	81,727
Unrestricted funds	-	eneral
Designated funds					391,482
General unrestricted		funds		723,565	475,711
				723,565	867,193
				1,057,827	948,920

							2020-21	20'l9-20
						Notes
Cash flows from operating				activities
Cash generated from/(absorbed					by)	25
operations							141,701	(48,453)
investing	activities
Purchase	oftangible	fixed	assets				(6,106)	(5,841)
interest received							4,072	7,013
Net cash	(used in)/generated			from
investing	activities						(2,034)	1,172
Net increase/(decrease)			in	cash and		cash
equivalents							139,667	(47,281)
Cash and	cash equivalents		at beginning			ofyear	917,278	964,559
Cash and	cash equivalents			at end of		year	1,056,945	917,278
Relating	to:
Cash at bank and in		hand					797,703	917,278
deposits	included in	fixed	asset investments
							259,242

			Total	Total
			2020-21	2019-20
Grants	(F5,000+) plus all pharmaceutical	funding	386,559	476,655
Other	grants and donations		446,522	212,416
			833,08'I	689,071

Grants (f5,000+)plus Gilead Sciences Ltd	all	pharmaceutical	99,745	30,238
The Baring Foundation			68,000	34,000
M.A.C AIDS Fund (Viva	Glarn)		50,000	166,193
ViiV Healthcare UK Limited			45,792	62,302
Big Lottery Fund			38,144
Mill Charitable Trust			30,000	30,000
Trust for London			24,000	36,500
Coronavirus Job Retention		Grant	12,877	33,660
City Bridge Trust			10,400
Janssen-Cilag Ltd			5,000	4,000
Merck, Sharpe 8 Dohme		Ltd	2,600
Elton John AIDS Foundation				45,000
Public Health England				12,962
Martin Bowley Charitable		Trust		7,000
Positively UK				4,800
Pfizer Limited				10,000
			386,559	476,655
Individual 8 community			117,367	115,807
Corporate donations			40,498	45,934
Trusts 8 foundations			2,500	2,550
European international	funding		1,715	4,995
Legacies			284,442	43,130
			446,522	212,416

Charitable	activiti	es
					2020-21	2019-20
						F
European	international		project funding		76,293	56,394
Healthy London Partnership					68,975
Awareness	raising	through		red ribbon products	13,162	27,934
Other income					2,182	980
					160,612	85,308

			Total	Total
			2020-21	2019-20
				F
Interest receivable			4,072	7,013
All ofthe charity's	investment	income arises from interest bearing accounts.

			Total	Total
			2020-21	2019-20
				E
Fundraising	salaries		111,480	117,168
Associated	operating	costs	2,463	11,917
Support costs			22,278	34,300
			136,221	163,385

			2020-21	2019-20
Policy work &campaigning
Staff costs			411,486	473,829
Other direct charitable		expenditure	120,032	28,789
			531,518	502,618
Share ofsupport costs (see note 8)			168,133	203,428
Share ofgovernance		costs (see note 8)	52,986	64,214
			752,637	770,260
Analysis by fund
Unrestricted funds	- general		383,123	473,846
Unrestricted funds	—designated		87,095	108,109
Restricted funds			282,419	188,305
			752,637	770,260

Support costs	Support costs
				Support	Governance	2020-21	Support costs	Governance	2019-20
				costs	costs			costs
				E
Staff costs				78,407	42,750	121,157	104,290	35,201	139,491
Depreciation				9,958		9,958	12,598		12,598
Non salary	staffing	8
recruitment	costs			5,447		5,447	15,910		15,910
Office expenditure				6,081		6,081	6,894		6,894
Telephone	8 internet			4,020		4,020	4,080		4,080
Website &	IT			31,591		31,591	23,340		23,340
Premises expenditure				51,295		51,295	68,172		68,172
Insurance				2,429		2,429	2,444		2,444
Support costs heading			8	1,183		1,183
Audit fees					5,280	5,280		5,280	5,280
Legal and	professional				1,013	1,013
Other fees	paid to the
auditors					1,680	1,680		1,680	1,680
Strategic planning								21,404	2'f,404
Trustees' expenses					2,263	2,263		649	649
				190,411	52,986	243,397	237,728	64,214	301,942
Analysed between
Fundraising				22,278		22,278	34,300		34,300
Charitable	activities			168,133	52,986	221,119	203,428	64,214	267,642
				190,411	52,986	243,397	237,728	64,214	301,942

Number ofe	mployees
The average	staff headcount	during	the year was as follows:
				2020-21	2019-20
				Number	Number
				17	19
Employment	costs			2020-21	2019-20
					K
Wages and salaries				558,692	635,464
Social security costs				53,611	59,036
Other pension costs				31,820	35,988
				644,123	730,488
				Total	Total
Employment	costs by department			2020-21	2019-20
				f.
Core policy work				411,486	473,829
Fundraising				111,480	117,168
Support 8 governance				121,157	139,491
				644,123	730,488

The number of employees whose annual remunerat were:	ion was f60,000 or more
	2020-21	2019-20
	Number	Number
260,000-270,000	1	1

11	Tangible fixed assets
			Equipment,	fixtures and fittings
	Cost
	At 1 July 2020			93,745
	Additions			6,106
	Disposals			(9,208)
	At 30June 2021			90,643
	Depreciation and impairment
	At 1 July 2020			73,194
	Depreciation charged	in the year		9,958
	Eliminated in respect ofdisposals			(9,208)
	At 30June 2021			73,944
	Carrying amount
	At 30June 2021			16,699
	At 30June 2020			20,551
12	Fixed asset investments
				Cash
	Cost or valuation
	At 1 July 2020
	Endowment funds received			259,242
	At 30June 2021			259,242
	Carrying amount
	At 30June 2021			259,242
	At 30June 2020

Stocks
								2020-21	2019-20
									f.
Stacks	of	Red	Ribbon	lapel	pins	and	broaches	22,393	19,664

14	Debtors
				2020-21	2019-20
	Amounts falling due	within one year:			F
	Grants and donations	receivable		2,014	114,238
	Prepayments and accrued income			61,073	11,082
				63,087	125,320
				2020-21	2019-20
	Amounts falling due after more than one year:
	Rent deposit			13,511	13,511
	Total debtors			76,598	138,831
15	Creditors. "amounts	falling due within one year
				2020-21	2019-20
			Notes
	Other taxation and social secudty			15,006	17,377
	Deferred income		16		62,689
	Trade creditors			59,083	1,599
	Other creditors			602
	Accruals and other creditors			40,117	65,739
				114,808	147,404

				Movement	in funds
		Balance at	Incoming	Resources	Transfers	Revaluations	Balance at
		1July 2020	resources	expended		gains and	30June 2021
						losses
Expendable	endowments
Gary Philipp	Endowment		259,242				259,242
			259,242				259,242

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	Balance at	Resources	Transfers	Balance at	Resources	Transfers	Balance at
	1 July 2019	expended f		1 July 2020	expended K		30June 2021
Strategic development	100,000	(21,404)	(?5,000)	3,596	(2,287)	(1,309)
Infrastructure
and
sustainabllity	154,342	(22,183)	(67,147)	65,012	(26,021)	(38,991)
Core activities
	294,189	(64,522)	(111,793)	117,874	(58,788)	(59,086)
Operational
costs			205,000	205,000		(205,000)
	548,531	(108,109)	(48,940)	391,482	(87,096)	(304,386)

Analysis of	net assets between funds
		Unrestricted	Designated	Restricted	Endowment	Total
		funds	funds	funds	funds
		2020-21	2020-21	2020-21	2020-21	2020-21
				f	F
Fund balances at 30June 2021 are
represented	by:
Tangible assets		16,699				16,699
Investments					259,242	259,242
Current assets/(liabilities)		706,866		75,020		781,886
		723,565		75,020	259,242	1,057,827
		Unrestricted	Designated	Restricted	Endowment	Total
		funds	funds	funds	funds
		2019-20	2019-20	2019-20	2019-20	2019-20
					R	f
Fund balances at 30 June 2020 are
represented	by:
Tangible assets		20,551				20,551
Current assets/(liabilities)		455,160	391,482	81,727		928,369
		475,711	391,482	81,727		948,920

		2020-21	2019-20
		E
Within one year		55,400	53,828
8etween	two and five years	10,025	63,876
		65,425	117,704

	The charity had no debt	during the	year.
25	Cash generated from	operations					2020-21 f	2019-20 F
	Surplus/(deficit) for the	year					108,907	('I52,253)
	Adjustments for: Investment income recognised in		statement		offinancial	activities	(4,072)	(7,013)
	Depreciation and impairment oftangible			fixed assets			9,958	12,598
	Movements in working	capital:
	(Increase) in stocks Decrease in debtors						(2,729) 62,233	(19,664) 53,520
	Increase in creditors						30,093	1,670
	(Decrease)/increase in	deferred income					(62,689)	62,689
	Cash generated from/(absorbed		by)	operations			141,701	(48,453)