| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 -2 |
| Brigade Executive's Annual Report | 3-10 |
| Independent auditors' report | 11 -13 |
| Statement of financial activities | 14 |
| Balance sheet | 15 |
| Cash flow statement & analysis of net debt | 16 |
| Notes to the financial statements | 17-40 |
| Office Bearers | |
|---|---|
| President | The Reverend Dr The Lord Griffiths ofBurry Port (retired 4th September 2020) |
| Vice Presidents | A S Burrow (retired 4th September 2020) |
| D J Aubrey QC | |
| A Chambers (appointed 5th September 2020) | |
| M Murdock (appointed 5th September 2020) | |
| I Rumbelow (appointed 5th September 2020) | |
| Treasurer | C Bygrave FCA CTA TEP (retired 4th September 2020) |
| S J Mann (appointed 5th September 2020) | |
| Chaplain | Rev L A Maydew |
| Trustees | D J Aubrey QC |
| C A Brace (retired 16th June 2020) | |
| L Bird (appointed 5th September 2020) | |
| V Brownlee (retired 4th September 2020) | |
| S A Buchanan MBE (appointed 27th April 2020) | |
| A S Burrow (retired 4th September 2020) | |
| C Bygrave FCA CTA TEP (retired 4th September 2020) | |
| R Campbell | |
| R J C Cunningham | |
| P A J Daley | |
| P M Haggan (retired 4th September 2020) | |
| R M Knowles | |
| A F B Lampard (appointed 5th September 2020) | |
| M I J Macaulay (appointed 5th September 2020) | |
| S J Mann (appointed 5th September 2020) | |
| Rev L A Maydew | |
| P T McCarroll (appointed 27th April 2020) | |
| P McKinley (appointed 27th April 2020) | |
| S J Rankin (retired 4th September 2020) | |
| I Rumbelow (appointed 5th September 2020) | |
| Company registered number | 145122 |
| Charity registered numbers | 305969 and SC038016 |
| Registered office | Felden Lodge |
| Hemel Hempstead | |
| Hertfordshire | |
| HP3 OBL | |
| Company Secretary and | |
| Chief Executive Officer | J K Bales |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| Note | 2021 | 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| Income and endowments from: | ||||||
| Donations and legacies 4 | 130,624 | 55,499 | 186,123 | 604,576 | ||
| Training centres | 37,755 | 37,755 | 590,470 | |||
| Investments | 6 | 38,524 | 1,892 | 842 | 41,258 | 55,011 |
| Charitable activities: | ||||||
| Annual capitation contributions | 766,086 | 766,086 | 951,530 | |||
| Supplies sales | 3 | 130,751 | 130J51 | 434,264 | ||
| Grants receivable | 5 | 351,546 | 215,272 | 566,818 | 185,074 | |
| Annual festival and other events | (3,390) | (3,390) | 60,784 | |||
| Total income and endowments | 1,451,896 | 272,663 | 842 | 1,725,401 | 2,881,709 | |
| Expenditure on: | ||||||
| Raising funds: | ||||||
| Cost of raising funds | 9 | 193,749 | 193,749 | 285,402 | ||
| Training centres (non Brigade use) | 302,244 | 302,244 | 502,940 | |||
| Investment management | 7,228 | 915 | 400 | 8,543 | 4,964 | |
| Charitable activities: | ||||||
| Supplies - Cost of sales | 3 | 73,790 | 73,790 | 261,098 | ||
| Supplies - Administration | 3 | 44,807 | 44,807 | 65,935 | ||
| Grants payable | 7 | 55,470 | 59,501 | 114,971 | 126,708 | |
| Training centres (Brigade use) | 26,282 | 26,282 | 75,151 | |||
| Management and delivery of activities |
9 | 754,291 | 149,115 | 903,406 | 1,339,606 | |
| Total expenditure | 1,457,861 | 209,531 | 400 | 1,667,792 | 2,661,804 | |
| Net income / (expenditure) before investment gains/(losses) |
(5,965) | 63,132 | 442 | 57,609 | 219,905 | |
| Net gains/(losses) on investments 14 | 210,122 | 19,826 | 6,304 | 236,252 | (70,329) | |
| Net income / (expenditure) before transfers |
204,157 | 82,958 | 6,746 | 293,861 | 149,576 | |
| Transfers between Funds | 19 | 36,478 | (36,478) | |||
| Net income / (expenditure) before | ||||||
| other gains and losses | 240,635 | 46,480 | 6,746 | 293,861 | 149,576 | |
| Actuarial losses on defined benefit | ||||||
| pension scheme 24 | (17,000) | (17,000) | (32,000) | |||
| Net movement in funds | 223,635 | 46,480 | 6,746 | 276,861 | 117,576 | |
| Reconciliation of funds: | ||||||
| Total funds at 1 April 2020 | 4,211,954 | 243,432 | 31,193 | 4,486,579 | 4,369,003 | |
| Total funds at 31 March 2021 | 19 | 4,435,589 | 289,912 | 37,939 | 4,763,440 | 4,486,579 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Intangible assets | 12 | 29,347 | 29,611 | ||
| Tangible assets | 13 | 3,567,188 | 3,567,188 | ||
| Investments | 14 | 976,073 | 748,069 | ||
| 4,572,608 | 4,344,868 | ||||
| Current assets | |||||
| Stocks | 15 | 210,658 | 197,315 | ||
| Debtors | 16 | 117,241 | 186,620 | ||
| Cash at bank and in hand | 23 | 363,042 | 415,865 | ||
| 690,941 | 799,800 | ||||
| Creditors: amounts falling due within one year | 17 | (264,024) | (280,980) | ||
| Net current assets | 426,917 | 518,820 | |||
| Total assets less current liabilities | 4,999,525 | 4,863,688 | |||
| Deferred income | 18 | (236,085) | (377,109) | ||
| Net assets | 4,763,440 | 4,486,579 | |||
| Charity Funds | |||||
| Endowment funds | 19 | 37,939 | 31,193 | ||
| Restricted funds | 19 | 289,912 | 243,432 | ||
| Unrestricted funds | 19 | 4,435,589 | 4,211,954 | ||
| Total funds | 4,763,440 | 4,486,579 |
| Cash flow statement | 2021 | 2020 | |
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net cash (used in)/provided by operating activities | 22 | (80,732) | (5,081) |
| Cash flows from investing activities: | |||
| Dividends, interest and rents from investments | 19,661 | 26,894 | |
| Proceeds from sale of investments | 122,712 | 242,699 | |
| Purchase of investments | (114,464) | (485,547) | |
| Donations of investments | 166,453 | ||
| Net cash provided by/(used in) investing activities | 27,909 | (49,501) | |
| Change in cash and cash equivalents in the year | (52,823) | (54,582) | |
| Cash and cash equivalents brought forward | 415,865 | 470,447 | |
| Cash and cash equivalents carried forward | 23 | 363,042 | 415,865 |
| Analysis of net debt | At 1 April 2020 |
Cash flows | At 31 March 2021 |
| £ | £ | £ | |
| Cash at bank and in hand | 415,865 | (52,823) | 363,042 |
| Loans falling due within one year | (5,000) | (5,000) | |
| 410,865 | (52,823) | 358,042 |
| ntangible fixed assets and amortisation | |
|---|---|
| Amortisation is provided at the following rates: | |
| Access rights to Felden Lodge | straight line over 125 years |
| Intellectual Property | Nil |
| 2021 | 2020 | |
|---|---|---|
| Incoming resources | £ | £ |
| Donations and legacies | 130,624 | 520,504 |
| Training centres and other rental income | 37,755 | 590,470 |
| Investment income | 38,524 | 51,514 |
| Annual capitation contributions | 766,086 | 951,530 |
| Supplies sales | 130,751 | 434,264 |
| Grants | 351,546 | 60,000 |
| Annual festival and other events | (3,390) | 60,784 |
| Total incoming resources | 1,451,896 | 2,669,066 |
| Resources expended | ||
| Cost of raising funds | 193,749 | 285,402 |
| Training centres (non-Brigade use) | 302,244 | 502,940 |
| Investment management fees | 7,228 | 3,531 |
| Supplies - cost of sales | 73,790 | 261,098 |
| Supplies - administration | 44,807 | 65,935 |
| Grants to Battalions and Districts | 55,470 | 115,637 |
| Training centres (Brigade use) | 26,282 | 75,151 |
| Management and delivery of the charity's purposes | 754,291 | 1,044,022 |
| Total resources expended | 1,457,861 | 2,353,716 |
| Net income/( expenditure) before investment gains | (5,965) | 315,350 |
| Investment (losses)/gains | 210,122 | _(55,335) |
| 204,157 | 260,015 | |
| Transfers from other funds | 36,478 | 12,000 |
| 240,635 | 272,015 | |
| Actuarial losses on defined benefit pension scheme | (17,000) | (32,000) |
| Net movement in funds for year | 223,635 | 240,015 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Sales | 130,751 | 434,264 |
| Cost of sales | (73,790) | (261,098) |
| 56,961 | 173,166 | |
| Administration | (44,087) | (65,935) |
| Net surplus | 12,874 | 107,231 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2021£ | 2021 £ |
2021£ | 2021 £ |
2020£ | |
| Donations | 57,949 | 55,499 | 113,448 | 318,262 | |
| Legacies | 72,675 | 72,675 | 286,314 | ||
| 130,624 | 55,499 | 186,123 | 604,576 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| General fund:- | ||
| Children, Young People and Families Early Intervention Fund | 60,000 | 60,000 |
| Scottish Government Wellbeing Fund | 10,000 | |
| Falkirk Council Covid-19 Support | 10,000 | |
| Coronavirus Job Retention Scheme | 247,267 | |
| 327,267 | 60,000 | |
| Restricted funds:- | ||
| Youth Scotland Generation Cashback Phase 4 | 43,384 | 84,774 |
| NVYO Support Fund | 22,100 | 25,300 |
| Youth Scotland Generation Cashback Phase 5 | 116,897 | |
| Coronavirus Job Retention Scheme | 32,891 | |
| Baird Trust | 5,000 | |
| John Scott Charitable Trust | 10,000 | |
| 215,272 | 125,074 | |
| Designated funds:- | ||
| Landfill Trust - EB Scotland | 19,255 | |
| Coronavirus Job Retention Scheme | 5,024 | |
| 24,279 | ||
| 566,818 | 185,074 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2021£ | 2021 £ |
2021 £ |
2021£ | 2020 £ |
|
| Deposit interest | 597 | 597 | 1,117 | ||
| Income from investments | 16,927 | 1,892 | 842 | 19,661 | 26,894 |
| Pension income | 21,000 | 21,000 | 27,000 | ||
| 38,524 | 1,892 | 842 | 41,258 | 55,011 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021£ | 2021 £ |
2021£ | 2020 £ |
|
| Nonhern Ireland District | 54,595 | 54,595 | 111,637 | |
| Republic of Ireland | 875 | 875 | 4,000 | |
| Other Battalions, Districts and Companies | 59,501 | 59,501 | 11,071 | |
| 55,470 | 59,501 | 114,971 | 126,708 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2021 £ |
2021£ | 2021 £ |
2021 £ |
2020 £ |
|
| Auditors' remuneration | 18,500 | 18,500 | 18,500 | ||
| Committee expenses | 1,974 | 1,974 | 17,264 | ||
| Legal and professional fees | 20,046 | 20,046 | 10,719 | ||
| Annual report | 1,201 | ||||
| Staff training | 51 | 51 | 248 | ||
| 40,571 | 40,571 | 47,932 |
| Management | ||||
|---|---|---|---|---|
| Cost of | and delivery of | |||
| generating | charity's | Total | ||
| funds £ |
Supplies£ | purposes£ | 2021 £ |
2020 £ |
| Staff costs 97,035 | 12,722 | 383,871 | 493,628 | 591,795 |
| Staff training 68 | 252 | 320 | 1,748 | |
| Outsourcing management fee | 22,479 | 22,479 | 40,036 | |
| Travelling 1,743 | 6,557 | 8,300 | 49,214 | |
| Development 420 | 1,582 | 2,002 | 12,906 | |
| Training courses 35 | 131 | 166 | 37,371 | |
| Office services 4,084 | 15,365 | 19,449 | 29,918 | |
| Insurance 26.646 | 100,239 | 126,885 | 124,304 | |
| Printing and stationery 529 | 1,991 | 2,520 | 10,460 | |
| IT expenses 8,307 | 31,251 | 39,558 | 40,130 | |
| Postage and carriage 465 | 9,606 | 1,750 | 11,821 | 34,270 |
| Repairs and maintenance 785 | 2,954 | 3,739 | 7,404 | |
| Leasing 3,051 | 11,478 | 14,529 | 27,342 | |
| Amortisation 56 | 209 | 265 | 267 | |
| Communications 9,859 | 37,088 | 46,947 | 70,391 | |
| Sundries 1,635 | 6,150 | 7,785 | 9,253 | |
| Irrecoverable VAT 10,628 | 39,980 | 50,608 | 39,372 | |
| Bank charges 1,124 | 4,229 | 5,353 | 11,999 | |
| Subscription to Global | ||||
| Fellowship | 3,440 | 3,440 | 6,984 | |
| Online Brigade Manager 10,761 | 40,483 | 51,244 | 59,764 | |
| Pension scheme costs | 42,088 | 42,088 | 40,026 | |
| Governance costs 16.518 | 24,053 | 40,571 | 47,932 | |
| Direct expenditure attributable to | ||||
| Designated Funds | 41,517 | 41,517 | 142,473 | |
| Internal recharges to | ||||
| training centres | (42,367) | (42,367) | (40,000) | |
| 193,749 | 44,807 | 754,291 | 992,847 | 1,395,359 |
| Included above are support costs of:- | ||||
| Staff costs | 46,702 | 46,702 | 108,453 | |
| Other costs | 1,840 | 1,840 | 5,304 | |
| Governance costs 16,518 |
24,053 | 40,571 | 47,932 | |
| 16,518 | 72,595 | 89,113 | 161,689 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Operating lease expense | 63,603 | 60,729 |
| Amortisation charged | 264 | 264 |
| Depreciation of tangible fixed assets: | ||
| - owned by the charity | 1,344 | |
| Auditors' remuneration - audit services | 9,500 | 9,500 |
| Auditors' remuneration - other services | 11,497 | 14,723 |
| Trustee and officer indemnity insurance | 9,213 | 7,199 |
| Staff costs were as follows: | ||
|---|---|---|
| 2021£ | 2020 £ |
|
| Wages and salaries | 730,235 | 820,936 |
| Social security costs | 53,527 | 61,291 |
| Defined contribution pension costs | 27,062 | 28,655 |
| Defined benefit pension operating costs | 15,000 | 15,000 |
| Redundancy costs | 43,998 | |
| 825.824 | 969,880 |
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Full time | 34 | 35 |
| Part time | 7 | 11 |
| 41 | 46 |
| Access Rights | |||
|---|---|---|---|
| to Felden | |||
| Lodge£ | Copyrights£ | Total£ | |
| Cost | |||
| At 1 April 2020 and 31 March 2021 | 33,047 | 1 | 33,048 |
| Amortisation | |||
| At 1 April 2020 | 3,437 | 3,437 | |
| Charge for the year | 264 | 264 | |
| At 31 March 2021 | 3,701 | 3,701 | |
| Net book value | |||
| At 31 March 2021 | 29,346 | 1 | 29,347 |
| At 31 March 2020 | 29,610 | 1 | 29,611 |
| 13. TANGIBLE FIXED ASSETS | |||
| Freehold | Fixtures & | ||
| property£ | fittings £ |
Total £ |
|
| Cost | |||
| At 1 April 2020 and 31 March 2021 | 3,588,232 | 257,133 | 3,845,365 |
| Depreciation | |||
| At 1 April 2020 | 21,044 | 257,133 | 278,177 |
| Charge for the year | |||
| At 31 March 2021 | 21,044 | 257,133 | 278,177 |
| Net book value | |||
| At 31 March 2021 | 3,567,188 | 3,567,188 | |
| At 31 March 2020 | 3,567,188 | 3,567,188 |
| Unrestricted | Restricted | Endowment | ||
|---|---|---|---|---|
| Funds£ | Funds£ | Funds £ |
Total £ |
|
| 1 April 2020 | 648,586 | 68,386 | 31,097 | 748,069 |
| Additions | 102,773 | 8,637 | 3,054 | 114,464 |
| Disposals Net realised and unrealised gains/(losses) |
(109,484) 210,122 |
(9,691) 19,826 |
(3,537) 6,304 |
(122,712) 236,252 |
| 31 March 2021 | 851,997 | 87,158 | 36,918 | 976,073 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Consumables | 6,649 | 10,315 |
| Supplies for resale | 204,009 | 187,000 |
| 210,658 | 197,315 | |
| EBTORS | ||
| 2021 | 2020 | |
| £ | £ | |
| Trade debtors | 3,418 | 48,603 |
| Loans | 4,240 | 7,584 |
| Other debtors | 1,937 | 300 |
| Prepayments and accrued income | 107,646 | 130,133 |
| 117,241 | 186,620 |
| 17. | CREDITORS: | ||
|---|---|---|---|
| Amounts falling due within one year | |||
| 2021£ | 2020£ | ||
| Other loans | 5,000 | 5,000 | |
| Payments received on account | 3,669 | 5,183 | |
| Trade creditors | 154,104 | 110,701 | |
| Other taxation and social security | 27,052 | 38,114 | |
| Other creditors | 30,842 | 31,207 | |
| Accruals and deferred income | 43,357 | 90,775 | |
| 264,024 | 280,980 | ||
| 18. | ACCRUALS AND DEFERRED INCOME | ||
| 2021£ | 2020£ | ||
| Annual capitation contributions received in advance | 236,085 | 377,109 |
| Brought | Incoming | Resources | Transfers | Carried | |
|---|---|---|---|---|---|
| Forward£ | resources£ | expended£ | in/out Gains/(losses) £ £ |
forward£ | |
| Designated funds | |||||
| Freehold Property Fund 3,567,189 | 3,567,189 | ||||
| David White Memorial Fund 737 Jubilee Fund 302 Development Fund 732 Building Fund 10,929 Unite Christian Festival |
19,255 | (27,575) | (737) (302) (732) |
2,609 | |
| England 18,238 Carronvale Appeal 1,007 |
(3,390) | (428) | 14,420 1,007 |
||
| Children and Youthwork Fund 90,958 England Support 13,150 Minibus Fund 5,000 KGVI Fund 2,000 |
11,500 | (1,742) (4,325) (1,652) |
20,000 6,584 737 |
109,216 26,909 3,348 2,737 |
|
| Scottish Development 738 | 5,024 | (5,800) | 452 | 414 | |
| Strategic Plan Fund 25,000 | 6,000 | 732 | 31,732 | ||
| 3,735,980 | 38,389 | (41,522) | 26,734 | 3,759,581 | |
| General funds | |||||
| General Fund 475,974 |
1,392,507 | (1,412,339) | 9,744 | 210,122 | 676,008 |
| Pension reserve | 21,000 | (4,000) | (17,000) | ||
| 475,974 | 1,413,507 | (1,416,339) | 9,744 | 193,122 | 676,008 |
| Total Unrestricted funds 4,211,954 |
1,451,896 | (1,457,861) | 36,478 | 193,122 | 4,435,589 |
| Brought | Incoming | Resources | Transfers | Carried | ||
|---|---|---|---|---|---|---|
| Forward£ | resources£ | expended£ | in/out £ |
Gains/(Iosses)£ | forward£ | |
| Endowment funds | ||||||
| Cave Allan Legacy | 31,193 | 842 | (400) | 6,304 | 37,939 |
| Brought | Incoming | Resources | Transfers | Carried | ||
|---|---|---|---|---|---|---|
| Forward£ | resources£ | expended£ | in/out Gains/(losses) £ £ |
forward £ |
||
| Restricted funds | ||||||
| National Training Appeal | 3,914 | 3,914 | ||||
| John Burke Fund | 43.223 | 964 | (490) | 10,822 | 54,519 | |
| Edith Blanche Bevis Fund Friends ofCarronvale Friends ofFelden |
4,631 405 1,653 |
770 | (549) | (4,631) 302 |
626 1,955 |
|
| 8th Grimsby Funds Overseas work |
34,265 2,946 |
928 | (425) | 9,004 | 43,772 2,946 |
|
| Stirling Battalion and Gannochy | ||||||
| Trust - Mid Scottish | ||||||
| Development Roy Inglis Legacy |
6,778 11,646 |
3,071 | (6,778) (10,098) |
4,619 | ||
| Patrons Fund Cashback - Young People Take |
1,953 | (1,953) | ||||
| the Lead Youth Scotland Generation |
23,539 | 4,585 | (8,541) | 19,583 | ||
| CashBack Phase 4 Youth Scotland Generation |
22,660 | 46,268 | (24,113) | (29,745) | 15,070 | |
| CashBack Phase 5 | 116,897 | (81,714) | 35,183 | |||
| Events England Region YouthlinkNVYO Support HLF YOYP Big Roadshow |
7,850 18,625 |
22,100 | (903) | 7,850 39,822 |
||
| Grant Church of Scotland - Guild |
1,276 | (825) | (451) | |||
| Project Baird Trust Wales Development |
36,317 829 6,853 |
15,332 6,215 25,753 |
(9,636) (7,044) (27,966) |
42,013 4,640 |
||
| Friends of Felden - Name a | ||||||
| Chair | 3,400 | 3,400 | ||||
| John Scott Charitable Trust | 10,000 | 10,000 | ||||
| London District Fund | 669 | 29,780 | (30,449) | |||
| 243,432 | 272,663 | (209,531) | (36,478) | 19,826 | 289,912 | |
| Total funds | 4,486,579 | 1,725,401 (1,667,792) | 219,252 | 4,763,440 |
| Brought | Incoming | Resources | Transfers | Carried | ||
|---|---|---|---|---|---|---|
| Forward£ | resources£ | expended£ | in/out Gains/(losses) £ £ |
forward£ | ||
| Designated funds | ||||||
| Freehold Property Fund | 3,567,189 | 3,567,189 | ||||
| David White Memorial Fund | 737 | 737 | ||||
| Jubilee Fund Lockett Fidler KGV1 Fund |
1,220 1,991 |
768 | (1,686) | (1,991) | 302 | |
| Development Fund | 20,732 | (20,000) | 732 | |||
| Building Fund Unite Christian Festival |
12,870 | (16,941) | 15,000 | 10,929 | ||
| England | 16,793 | 23,799 | (22,354) | 18,238 | ||
| Carronvale Appeal Children and Youthwork Fund |
6,061 65,693 |
1,502 | (1,556) (74,735) |
(5,000) 100,000 |
1,007 90,958 |
|
| England Support Minibus Fund KGVI Fund |
33,840 250 |
(16,181) (5,735) |
(4,509) 10,485 2,000 |
13,150 5,000 2,000 |
||
| Scottish Development | (3,285) | 4,023 | 738 | |||
| Strategic Plan Fund | 25,000 | 25,000 | ||||
| 3,693,286 | 60,159 | (142,473) | 125,008 | 3,735,980 | ||
| General funds | ||||||
| General Fund Pension reserve |
278,653 | 2,576,907 (2,211,243) (113,008) (55,335) 475,974 32,000 - - (32,000) |
||||
| 278,653 | 2,608,907 | (2,212,243) | (113,008) | (87,335) | 475,974 | |
| Total Unrestricted funds | 3,971,939 | 2,669,066 (2,353,716) | 12,000 | (87,335) | 4,211,954 | |
| Brought | Incoming Resources | Transfers Carried | ||||
| Forward£ | resources expended £ £ |
in/out Gains/(Iosses) forward £ £ £ |
||||
| Endowment funds | ||||||
| Cave Allan Legacy | 36,953 | 1,258 | (909) | (6,109) | 31,193 |
| Brought | Incoming | Resources | Transfers | Carried | ||
|---|---|---|---|---|---|---|
| Forward£ | resources£ | expended£ | in/out Gains/(Iosses) £ £ |
forward£ | ||
| Restricted funds | ||||||
| National Training Appeal | 3,914 | 3,914 | ||||
| John Burke Fund Edith Blanche Bevis Fund |
46,712 4,631 |
1,209 | (511) | (4,187) | 43,223 4,631 |
|
| Friends ofCarronvale Friends ofFelden 8th Grimsby Funds Youthlink Support Overseas work |
1,893 38,393 5,148 2,255 |
1,386 30 1,030 691 |
(981) (270) (460) |
(5,148) | (4,698) | 405 1,653 34,265 2,946 |
| Stirling Battalion and Gannochy | ||||||
| Trust - Mid Scottish | ||||||
| Development Roy Inglis Legacy Patrons Fund Robert Feman Smith Legacy |
10,694 17,000 2,500 15,291 |
993 | (3,916) (6,347) (547) (16,416) |
1,125 | 6,778 11,646 1,953 |
|
| Cashback - Young People Take | ||||||
| the Lead | 23,539 | 23,539 | ||||
| Youth Scotland Generation | ||||||
| CashBack | 17,124 | 84,774 | (79,238) | 22,660 | ||
| Youth United Stronger | ||||||
| Foundations | 98,880 | (103,380) | 4,500 | |||
| Events England Region Youthlink NVYO Support HLF YOYP Big Roadshow |
10,000 11,267 |
25,300 | (2,150) (17,942) |
7,850 18,625 |
||
| Grant Church of Scotland - Guild |
2,468 | (1,192) | 1,276 | |||
| Project | 14,306 | 47,341 | (25,330) | 36,317 | ||
| Youth United Reach | 34,096 | (21,619) | (12,477) | |||
| Baird Trust Wales Development |
5,000 22,090 |
(4,171) (15,237) |
829 6,853 |
|||
| Friends of Felden - Name a | ||||||
| Chair | 3,400 | 3,400 | ||||
| John Scott Charitable Trust | 10,000 | 10,000 | ||||
| London District Fund | 8,141 | (7,472) | 669 | |||
| 360,111 | 211,385 | (307,179) | (12,000) | (8,885) | 243,432 | |
| Total funds | 4,369,003 | 2,881,709 (2,661,804) | (102,329) | 4,486,579 |
| Brought | Incoming | Resources | Transfers | Carried | ||
|---|---|---|---|---|---|---|
| Forward | resources£ | expended£ | in/out Gains/(losses) £ £ |
forward£ | ||
| Designated funds | 3,735,980 | 38,389 | (41,522) | 26,734 | 3,759,581 | |
| General funds | 475,974 | 1,413,507 | (1,416,339) | 9,744 | 193,122 | 676,008 |
| 4,211,954 | 1,451,896 | (1,457,861) | 36,478 | 193,122 | 4,435,589 | |
| Endowment funds | 31,193 | 842 | (400) | 6,304 | 37,939 | |
| Restricted funds | 243,432 | 272,663 | (209,531) | (36,478) | 19,826 | 289,912 |
| 4,486,579 | 1,725,401 | (1,667,792) | 219,252 | 4,763,440 |
| Brought | Incoming | Resources | Transfers | Carried | ||
|---|---|---|---|---|---|---|
| Forward£ | resources£ | expended£ | in/out Gains/(losses) £ £ |
forward £ |
||
| Designated funds General funds |
3,693,286 278,653 |
60,159 2,608,907 |
(142,473) (2,212,243) |
125,008 (113,008) |
(87,335) | 3,735,980 475,974 |
| 3,971,939 | 2,669,066 | (2,353,716) | 12,000 | (87,335) | 4,211,954 | |
| Endowment funds Restricted funds |
36,953 360,111 |
1,258 211,385 |
(909) (307,179) |
(12,000) | (6,109) (8,885) |
31,193 243,432 |
| 4,369,003 | 2,881,709 | (2,661,804) | (102,329) | 4,486,579 |
| ANCIAL INSTRUMENTS | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Financial assets | ||
| Financial assets that are measured at fair value | 976,073 | 748,069 |
| 976,073 | 748,069 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2021£ | 2021£ | 2021 £ |
2021 £ |
2020 £ |
|
| Tangible fixed assets | 3,567,188 | 3,567,188 | 3,567,188 | ||
| Intangible fixed assets | 29,347 | 29,347 | 29,611 | ||
| Fixed asset investments | 850,974 | 87,160 | 37,939 | 976,073 | 748,069 |
| Current assets | 488,189 | 202,752 | 690,941 | 799,800 | |
| Creditors due within one year Deferred income |
(264,024) (236,085) |
(264,024) (236,085) |
(280,980) (377,109) |
||
| 4,435,589 | 289,912 | 37,939 | 4,763,440 | 4,486,579 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |
| 2020 | 2020 | 2020 | 2020 | 2019 | |
| £ | £ | £ | £ | £ | |
| Tangible fixed assets | 3,567,188 | 3,567,188 | 3,568,532 | ||
| Intangible fixed assets | 29,611 | 29,611 | 29,875 | ||
| Fixed asset investments | 648,487 | 68,389 | 31,193 | 748,069 | 575,550 |
| Current assets | 624,757 | 175,043 | 799,800 | 839,179 | |
| Creditors due within one year | (280,980) | (280,980) | (294,567) | ||
| Deferred income | (377,109) | (377,109) | (349,566) | ||
| 4,211,954 | 243,432 | 31,193 | 4,486,579 | 4,369,003 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Net (expenditure)/income for the year (as per Statement of Financial Activities) | 293,861 | 149,576 |
| Adjustment for: | ||
| Depreciation and amortisation charges | 264 | 1,608 |
| (Gains)/losses on investments | (236,252) | 70,329 |
| Dividends, interest and rents from investments | (19,661) | (26,894) |
| Adjustment in respect of defined benefit pension scheme | (17,000) | (32,000) |
| (Increase)/decrease in stocks | (13,344) | (45,092) |
| Decrease/(increase) in debtors | 69,379 | 29,889 |
| Increase/(decrease) in creditors | (157,979) | 13,956 |
| Donations of investments | (166,453) | |
| Net cash (used in)/provided by operating activities | (80,732) | (5,081) |
| ALYSIS OF CASH AND CASH EQUIVALENTS | ||
| 2021£ | 2020 £ |
|
| Cash at bank and in hand | 363,042 | 415,865 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Opening defined benefit obligation | 5,683,000 | 5,677,000 |
| Current service cost | 15,000 | 15,000 |
| Employee contributions | 4,000 | 3,000 |
| Interest cost | 128,000 | 131,000 |
| Actuarial Losses/(gains) | 406,000 | 96,000 |
| Benefits paid | (236,000) | (239,000) |
| Closing defined benefit obligation | 6,000,000 | 5,683,000 |
| Changes in the fair value of scheme assets were as follows: | ||
| 2021£ | 2020 £ |
|
| Opening fair value of scheme assets | 5,683,000 | 5,677,000 |
| Interest on assets | 149,000 | 158,000 |
| Actuarial gains and (losses) | 389,000 | 64,000 |
| Contributions by employer | 11,000 | 20,000 |
| Employee contributions | 4,000 | 3,000 |
| Benefits paid | (236,000) | (239,000) |
| 6,000,000 | 5,683,000 | |
| The amounts recognised in the Balance sheet are as follows: | ||
| 2021£ | 2020 £ |
|
| Fair value of scheme assets | 6,991,000 | 6,577,000 |
| Present value of funded obligations | (6,000,000) | (5,683,000) |
| Surplus not recognised | (991,000) | (894,000) |
| Net pension scheme asset/(liability) |
| ENSION COMMITMENTS (continued) The amounts recognised in the Statement of Financial Activities are as follows: |
||
|---|---|---|
| 2021£ | 2020 £ |
|
| Current service cost | (15,000) | (15,000) |
| Interest on obligation | (128,000) | (131,000) |
| Interest on assets | 149,000 | 158,000 |
| 6,000 | 12,000 | |
| Return on scheme assets less interest liabilities | 486,000 | (198,000) |
| Experience gains/(losses) arising on scheme liabilities | (21,000) | 124,000 |
| Impact of changes in actuarial assumptions on scheme liabilities Surplus not recognised |
(385,000) (97,000) |
(220,000) 262,000 |
| (17,000) | (32,000) | |
| The Brigade expects to contribute £nil to the defined benefit pension scheme in 2021. | ||
| The major categories of scheme assets as a percentage of total scheme assets are as follows: | ||
| 2021£ | 2020 £ |
|
| Equities | 59.1% | 53.6% |
| Bonds | 32.6% | 38.1% |
| Cash | 2.3% | 1.7% |
| Annuities | 6.1% | 6.6% |
| Principal actuarial assumptions at the Balance sheet date (expressed as weighted averages): | ||
| 2021£ | 2020 £ |
|
| Discount rate at 31 March | 1.90% | 2.30% |
| Future salary increases | 2.50% | 2.70% |
| Future pension increases | 3.50% | 2.70% |
| Retail price inflation | 3.50% | 2.70% |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Amounts payable: | ||
| Within one year | 23,209 | 59,183 |
| Between 1 and 5 years | 24,068 | 31,806 |
| 47,277 | 90,989 |