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||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|





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|||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<br>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<br>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<br>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<br>2020|Cash flows|At 31 March<br>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|





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|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|



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||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<br>£|2021£|2021<br>£|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<br>£|2021<br>£|2021£|2020<br>£|
|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<br>£|2021£|2020<br>£|
|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<br>£|2021£|2021<br>£|2021<br>£|2020<br>£|
|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<br>£|Supplies£|purposes£|2021<br>£|2020<br>£|
|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<br>16,518||24,053|40,571|47,932|
|16,518||72,595|89,113|161,689|





## 

## 

## 

||2021£|2020<br>£|
|---|---|---|
|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<br>£|
|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<br>£|Total<br>£|
|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<br>£|Total<br>£|
|1 April 2020|648,586|68,386|31,097|748,069|
|Additions|102,773|8,637|3,054|114,464|
|Disposals<br>Net realised and unrealised gains/(losses)|(109,484)<br>210,122|(9,691)<br>19,826|(3,537)<br>6,304|(122,712)<br>236,252|
|31 March 2021|851,997|87,158|36,918|976,073|



## 

||2021£|2020<br>£|
|---|---|---|
|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)<br>£ £||forward£|
|Designated funds||||||
|Freehold Property Fund 3,567,189|||||3,567,189|
|David White Memorial Fund 737<br>Jubilee Fund 302<br>Development Fund 732<br>Building Fund 10,929<br>Unite Christian Festival|19,255|(27,575)|(737)<br>(302)<br>(732)||2,609|
|England 18,238<br>Carronvale Appeal 1,007|(3,390)|(428)|||14,420<br>1,007|
|Children and Youthwork Fund 90,958<br>England Support 13,150<br>Minibus Fund 5,000<br>KGVI Fund 2,000|11,500|(1,742)<br>(4,325)<br>(1,652)|20,000<br>6,584<br>737||109,216<br>26,909<br>3,348<br>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<br>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<br>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<br>£|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)<br>£ £||forward<br>£|
|Restricted funds|||||||
|National Training Appeal|3,914|||||3,914|
|John Burke Fund|43.223|964|(490)||10,822|54,519|
|Edith Blanche Bevis Fund<br>Friends ofCarronvale<br>Friends ofFelden|4,631<br>405<br>1,653|770|(549)|(4,631)<br>302||626<br>1,955|
|8th Grimsby Funds<br>Overseas work|34,265<br>2,946|928|(425)||9,004|43,772<br>2,946|
|Stirling Battalion and Gannochy|||||||
|Trust - Mid Scottish|||||||
|Development<br>Roy Inglis Legacy|6,778<br>11,646|3,071|(6,778)<br>(10,098)|||4,619|
|Patrons Fund<br>Cashback - Young People Take|1,953|||(1,953)|||
|the Lead<br>Youth Scotland Generation|23,539|4,585|(8,541)|||19,583|
|CashBack Phase 4<br>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<br>YouthlinkNVYO Support<br>HLF YOYP Big Roadshow|7,850<br>18,625|22,100|(903)|||7,850<br>39,822|
|Grant<br>Church of Scotland - Guild|1,276||(825)|(451)|||
|Project<br>Baird Trust<br>Wales Development|36,317<br>829<br>6,853|15,332<br>6,215<br>25,753|(9,636)<br>(7,044)<br>(27,966)|||42,013<br>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)<br>£ £||forward£|
|Designated funds|||||||
|Freehold Property Fund|3,567,189|||||3,567,189|
|David White Memorial Fund|737|||||737|
|Jubilee Fund<br>Lockett Fidler KGV1 Fund|1,220<br>1,991|768|(1,686)|(1,991)||302|
|Development Fund|20,732|||(20,000)||732|
|Building Fund<br>Unite Christian Festival|12,870||(16,941)|15,000||10,929|
|England|16,793|23,799|(22,354)|||18,238|
|Carronvale Appeal<br>Children and Youthwork Fund|6,061<br>65,693|1,502|(1,556)<br>(74,735)|(5,000)<br>100,000||1,007<br>90,958|
|England Support<br>Minibus Fund<br>KGVI Fund||33,840<br>250|(16,181)<br>(5,735)|(4,509)<br>10,485<br>2,000||13,150<br>5,000<br>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<br>Pension reserve|278,653|2,576,907 (2,211,243) (113,008) (55,335) 475,974<br>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<br>£ £||in/out Gains/(Iosses) forward<br>£ £ £|||
|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)<br>£ £||forward£|
|Restricted funds|||||||
|National Training Appeal|3,914|||||3,914|
|John Burke Fund<br>Edith Blanche Bevis Fund|46,712<br>4,631|1,209|(511)||(4,187)|43,223<br>4,631|
|Friends ofCarronvale<br>Friends ofFelden<br>8th Grimsby Funds<br>Youthlink Support<br>Overseas work|1,893<br>38,393<br>5,148<br>2,255|1,386<br>30<br>1,030<br>691|(981)<br>(270)<br>(460)|(5,148)|(4,698)|405<br>1,653<br>34,265<br>2,946|
|Stirling Battalion and Gannochy|||||||
|Trust - Mid Scottish|||||||
|Development<br>Roy Inglis Legacy<br>Patrons Fund<br>Robert Feman Smith Legacy|10,694<br>17,000<br>2,500<br>15,291|993|(3,916)<br>(6,347)<br>(547)<br>(16,416)|1,125||6,778<br>11,646<br>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<br>Youthlink NVYO Support<br>HLF YOYP Big Roadshow|10,000<br>11,267|25,300|(2,150)<br>(17,942)|||7,850<br>18,625|
|Grant<br>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<br>Wales Development||5,000<br>22,090|(4,171)<br>(15,237)|||829<br>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)<br>£ £||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)<br>£ £||forward<br>£|
|Designated funds<br>General funds|3,693,286<br>278,653|60,159<br>2,608,907|(142,473)<br>(2,212,243)|125,008<br>(113,008)|(87,335)|3,735,980<br>475,974|
||3,971,939|2,669,066|(2,353,716)|12,000|(87,335)|4,211,954|
|Endowment funds<br>Restricted funds|36,953<br>360,111|1,258<br>211,385|(909)<br>(307,179)|(12,000)|(6,109)<br>(8,885)|31,193<br>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<br>£|2021<br>£|2020<br>£|
|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<br>Deferred income|(264,024)<br>(236,085)|||(264,024)<br>(236,085)|(280,980)<br>(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<br>£|
|---|---|---|
|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<br>£|
|Cash at bank and in hand|363,042|415,865|



## 



## 

## 

||2021£|2020<br>£|
|---|---|---|
|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<br>£|
|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<br>£|
|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)<br>The amounts recognised in the Statement of Financial Activities are as follows:|||
|---|---|---|
||2021£|2020<br>£|
|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<br>Surplus not recognised|(385,000)<br>(97,000)|(220,000)<br>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<br>£|
|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<br>£|
|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|



##