OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Page
Reference and administrative details ofthe charity, its trustees and advisers
Trustees' report 2-12
Independent auditors' report 13-15
Consolidated statement offinancial activities (incorporating Consolidated income and
expenditure account)
Consolidated balance sheet 17
Charity balance sheet 18
Consolidated cash flow statement 19
Notes to the financial statements 20-51

Trustees Professor
A W Robards, Chair		 Professor
A W Robards, Chair
Professor ST Driscoll
Mr
I C Melia
Professor M Millett
Miss S L Palmer
Professor
E Roberts
Mr ESouthworth
Mr M R Watson
Mr P Wheatcroft
Company registered number 1430801
Charity registered numbers 509060and SC042846
Registered office 47 Aldwark
York
Y017BX
Company secretary Gill Gimes
Chief executive officer Mr David Jennings
Independent auditors Crowe U.K. LLP
Black Country
House
Rounds Green Road
OLDBURY
869 2DG
Bankers National
Westminster
1Humber
Quays
Wellington
Street		 West
HULL
HU1 2BN
Solicitors Browne Jacobson LLP
Mowbray
House
Castle Meadow
Road
NOTTINGHAM
NG2 1BJ

Unrestricted Restricted Total Total
funds funds funds funds
Note 2021 2021 2021 2020
E E E E
Income from:
Donations,
grants and legacies		 1,527,445 52,950 1,580,395 54,340
Charitable
activities		 3,738,387 3,738,387 7,422,494
Other trading activities 177,888 177,888 612,995
Investments 234 234 660
Disposal offixed assets 50
Total income 5,443,954 52,950 5,496,904 8,090,539
Expenditure
on:
Raising funds 5 179,846 179,846 527,120
Charitable
activities		 7 6~908p373 48~754 6~957~127 7823 263
Total expenditure 7,088,219 48,754 7,136,973 8,350,383
Net income / (expenditure) before (lg644p265) 4~196 (1~640069) (259844)
investment
losses
Net income /(expenditure) before (1644p265) 4~196 (1~640p069) (259844)
other gains and losses
Transfers between
funds		 21 5,066 (5,066)
Other recognised
gains / (losses)
Actuarial
(losses) / gains		 on defined benefit 152,000 152,000
pension schemes
Net movement
in funds		 (1,487,199) (870) (1,488,069) (259,844)
Reconciliation
offunds:
Total funds at 1April 2020 4,894,704 26,619 4,921,323 5,181,167
Total funds at31March 2021 3,407,505 25,750 3,433,255 4,921,323

2021 2020
Note
Fixed assets
Tangible assets 16 4,502,779 4,770,031
Investments 17 9 9
4,502,788 4,770,040
Current assets
Stocks 18 156,733 169,691
Debtors 19 1,191,438 1,248,241
Cash at bank and in hand 325,388 474,361
1,673,559 1,892,293
Creditors: amounts falling due within one year 20 (2,078,969) (1,519,118)
Net current assets (405,410) 373,175
Total assets less current liabilities 4,097,378 5,143,215
Creditors: amounts falling due after more than 20 (642,955) (23,724)
one year
Net assets excluding pension scheme 3,454,423 5,119,491
liabilities
Defined benefit pension scheme assets 25 (21,168) (198,168)
Net assets including pension scheme 22 3,433,255 4,921,323
liabilities
Charity Funds
Restricted funds 21 25,750 26,620
Unrestricted
funds:		 21
Unrestricted
funds		 excluding pension liability 3,428,673 5,092,871
Pension reserve (21,168) (198,168)
Total unrestricted funds 3,407,505 4,894,703
Totalfunds 3,433,255 4,921,323

2021 2020
Note E E
Fixed assets
Tangible assets 16 4,502,779 4,770,031
Investments 17 10 10
4,502,789 4,770,041
Current assets
Stocks 18 59,089 63,376
Debtors 19 1,304,585 1,360,515
Cash at bank and in hand 324,433 468,946
1,688,107 1,892,837
Creditors: amounts falling due within one year 20 (2,100,114) (1,529,663)
Net current assets (412,007) 363,174
Total assets less current liabilities 4,090,782 5,133,215
Creditors: amounts falling due after more than 20 (642,955) (23,724)
one year
Net assets excluding pension scheme 3,447,827 5,109,491
liabilities
Defined benefit pension scheme liability 1&25 (21,168) (198,168)
Net assets including pension scheme 3,426,659 4,911,323
liabilities
Charity Funds
Restricted funds 21 25,750 26,620
Unrestricted
funds:
Unrestricted
funds		 excluding pension liability 3,422,077 5,082,871
Pension reserve (21,168) (198,168)
Total unrestricted funds 3,400,909 4,884,703
Total funds 3,426,659 4,911,323
Charity surplus (1,613,901) (360,743)

2021 2020
Note E E
Cash Rows from operating activities
Net cash used in operating activities (868,648) 89,199
Cash flows from investing activities:
Dividends,
interest and rents from investments		 234 660
Proceeds from sale offixed assets 50
Purchase ofproperty,
plant		 and equipment (13,055) (17,264)
Net cash used in investing activities (12,821) (16,554)
Cash flows from financing activities:
Inflows from new borrowing 750,000
Repayments
ofborrowings		 (15,640) (58,627)
Interest
paid		 (1,864) (3,818)
Net cash used in financing activities 732,496 (62,445)
Change
in cash and cash equivalents		 in the year (148,973) 10,200
Cash and cash equivalents brought forward 474,361 464,161
Cash and cash equivalents carried forward 24 325,388 474,361
At 1April 2020 Cash flows Other non- At31March
Analysis ofchanges
in net		 debt: cash changes 2021
Cash 474,361 (148,973) 325,388
Loans falling due within one year (5,760) (119,235) (5,770) (130,765)
Loans falling due after more than one year (23,725) (625,000) 5,770 (642,955)
Finance lease obligations (9,876) 9,876
Total 435,000 (883,332) (448,332)

Freehold property 5 - 40years
Long-term leasehold property 3-40years
Plant and equipment 3- 20years
Software 3- 10years

2021 2020
E E
Income from
Donations
and legacies		 1,580,395 54,340
Investments 234 660
Charitable
activities		 3,738,387 7,422,494
Disposal offixed assets 50
Interest receivable from subsidiary 3,981 3,981
Amount
gift aided by subsidiary		 87,744
5,322,997 7,569,269
Expenditure
on
Raising funds (2,534) (5,850)
Charitable
activities		 (6,957,127) (7,823,263)
Net income / (expenditure) before investment losses (1,636,664) (259,844)
Actuarial gains/(losses) on defined benefit pension schemes 152,000
Net movement
in funds		 (1,484,664) (259,844)

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E E
Donations 38,830 38,830 9,989
Legacies
Grants 1,488,615 52,950 1,541,565 44,351
1527i445 52p950 1580i395 54 340

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E E
Attractions and Events 1,282,955 1,282,955 4,157,188
Archaeology and Heritage 2,455,432 2,455,432 3,265,306
3,738,387 3,738,387 7,422,494

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E E
JORVIK Viking Centre 1,166,849 1,166,849 3,659,327
DIG 48,816 48,816 174,825
Barley Hall 29,916 29,916 116,673
Henry Vll Experience 654 654 42,468
Richard III Experience (10) (10) 46,979
Events 32,345 32,345 52,176
Exhibitions 4,385 4,385 64,740
1,282,955 L282,955 4,157,188

Unrestricted Restricted Total Total
funds funds funds Funds
2021 2021 2021 2020
E E E E
York Fieldwork 552,419 552,419 391,766
Conservation 119,432 119,432 146,783
ArcHeritage 209,834 209,834 324,038
Northlight Heritage 8,080 8,080 146,780
Trent and Peak 1,430,055 1,430,055 1,907,036
INHERIT 129,559 129,559 343,767
Other income 6,053 6,053 5,136
2,455,432 2(455p432 3p265(306
Raising funds
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E E
Other troding activities
Shop income and private hire 177,888 177,888 612,995
Fundraising trading expenses
Cost ofsales 80,926 80,926 278,018
Shop costs 50,672 50,672 103,172
Wages and salaries 45,714 45,714 140,080
Fundraising 2,534 2,534 5,850
179,846 179,846 527,120
Net incoming resources from trading activities (1,958) (1,958) 85,875

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E E
Bank interest receivable 234 234 660

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
E E E E
Attractions and Events 2,746,231 48,724 2,794,955 3,109,172
Archaeology and Heritage 4,162,142 30 4,162,172 4,714,091
6,908,373 48,754 6,957,127 7,823,263

Attractions
and		 Archaeology Total Total
Events and Heritage 2021 2020
Pension scheme finance cost 3,000 3,000 4,000
Premises 236,246 236,246 272,566
Cost ofsales 119,345 119,345 133,808
Engineering maintenance 57,152 57,152 102,873
Direct costs 48,874 857,840 906,714 1,281,396
Severance payments 36,528 21,600 58,128
Wages and salaries 1,858,232 2,639,788 4,498,020 4,737,643
Depreciation 191,250 191,250 193,520
2,547,627 3,522,228 6,090,874 6,725,806

Attractions Archaeology Total Total
and Events and Heritage 2021 2020
E E E E
Premises 204,680 204,680 238,689
Marketing 201,538 175 201,713 255,573
Post, telephone and stationery 31,148 31,148 61,140
Insurance 85,701 85,701 84,692
Bank charges 4,978 4,978 6,291
Staff recruitment costs 925 925 1133
ITcosts 73,870 73,870 70,377
Vehicle costs 1,456 6,076 7,532 4,283
Other support costs 12,850 19,650 32,500 123,522
General office costs 56,939 56,939 62,563
Loan interest 1,864 1,864 1,995
Finance lease interest 336 2,466
Depreciation 89,057 89,057 100,221
Governance 96,029 96,029 84,512
247,328 639,944 887,272 1,097,457

Unrestricted Total Total
2021 2021 2020
E E E
Audit fees 10,322 10,322 10,505
Legal and professional fees 60,780 60,780 50,337
Trustees' indemnity insurance 3,586 3,586 2,656
Other governance costs 950 950 265
Salaries and wages 20,391 20,391 20,749
96,029 96,029 84,512

This isstated after cha rgi ng:
2021 2020
E E
Depreciation
oftangible		 fixed assets:
-owned by the charitable group 280,307 293,741
Auditors'
remuneration		 11,300 11,250
Staff pension contributions 187,765 182,203
Operating
lease rentals:
- Land and buildings 273,675 275,217
Auditors'
remuneration		 comprises:
Audit ofconsolidated accounts E11,300
JVC Retail Ltd
Audit ofaccounts E2,700
Taxation compliance 5600
Other non-audit
services		 E100
12. Staff costs
Staff costs were as follows:
2021 2020
E E
Wages and salaries 4,070,876 4,229,018
Social security costs 317,898 347,070
Other pension costs:
Defined contribution schemes 131,827 132,155
Defined benefit schemes 55,938 50,149
4,576,539 4,758,392

2021 2020
No. No.
Archaeological and heritage staff 86 102
Attractions and events staff 106 117
Management and administration staff 4 3
222
The number of higher paid employees was:
2021 2020
No. No.
In the band E60,001-E70,000 1
In the band E70,001-E80,000 1 2
In the band E80,001-E90,000 1 1
3 3

2021 2020
E E
Expected return on pension scheme assets 41,000 43,000
Interest on pension scheme liabilities (44,000) (47,000)
(3,000) (4,000)

Long-term
Freehold leasehold Plant and
property property equipment Software Total
Group E E E E E
Cost
At 1April 2020 1,430,758 5,114,643 883,341 82,669 7,511,411
Additions 13,055 13,055
Disposals
At 31March 2021 1,430,758 Sgl14~643 896396 82~669 7~524~466
Depreciation
At 1April 2020 950,877 1,063,360 689,167 37,976 2,741,380
Charge for the year 36,580 181,395 50,382 11,951 280,307
On disposals
At 31March 2021 987,457 1,244,755 739,549 49,927 3,021,687
Net book value
At 31March 2021 443,301 3~869~888 156~847 32742 4~502~779
At 31March 2020 479,881 4,051,283 194,174 44,693 4,770,031

16. Tangible and intangible Tangible and intangible fixed assets continued
Long-term
Freehold leasehold Plant and
property property equipment Software Total
Charity E E E E E
Cost
At 1April 2020 1,430,758 5~114~643 883~341 82~669 7~511~411
Additions 13,055 13,055
Disposals
At 31March 2021 1,430,758 5,114~643 896~396 82669 7524 466
Depreclotlon
At 1April 2020 950,877 1,063,360 689~167 37~976 2~741~380
Charge for the year 36,580 181,395 50~382 11~951 280~307
On disposals
At 31March 2021 987,457 1,244,755 739,549 49,927 3,021,687
Net book value
At 31March 2021 443,301 3,869,888 156,847 32,742 4,502,779
At 31March 2020 479,881 4,051,283 194,174 44,693 4,770,031
17. Fixed asset investments
Listed Unlisted
securities securities Total
Group E E E
Morket value
At 1April 2020
Disposals
At 31March 2021
Group investments at market value comprise:
2021 2020
E E
Listed investments
Group undertakings
9 9

17. Fixed asset investments Fixed asset investments continued
Listed Unlisted
securities securities Total
Charity E E E
Market value
At 1April 2020 10 10
Disposals
At 31March 2021 10 10
Charity investments at market volue comprise:
2021 2020
E E
Listed investments
Group undertakings 10 10
10 10
2021 2020
E E
Turnover 177,888 612,995
Expenditure (181,293) (525,251)
Gift Aid payment (87,744)
Shareholder's funds 10,001 10,001
6,596 10,001

17. Fixed asset investments Fixed asset investments continued
JVC Retail Balance Sheet as at 31March 2021 2021 2020
E E
Current assets
Stocks 97,643 106,315
Debtors
26,006 56,825
Cash at bank 955 5,414
124,604 168,554
Creditors: amounts falling due within (118,008) (158,553)
one year
Net current assets 6,596 10,001
Net assets 6,596 10,001
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,595 10,000
Shareholders' funds 6,596 10,001
Group Charity
2021 2020 2021 2020
E E E E
Finished goods and goods for resale 156,733 169,691 59,089 63,376
Stock value recognised as an expense in the year 80,926 293,396 9,535 18,358

Debtors
Group Charity
2021 2020 2021 2020
E E E E
Trade debtors 672,447 719,952 671,844 718,476
Amounts
owed		 by group undertakings 113,750 113,750
Prepayments 227,678 156,289 227,678 156,289
Accrued income 285,803 358,041 285,803 358,041
Other debtors 5,510 13,959 5,510 13,959
1,191,438 1,248,241 1,304,585 1,360,515
Creditors: Amounts falling due within one year
Group Charity
207.1 2020 2021 2020
E E E E
Bank loans and overdrafts 130,765 5,760 130,765 5,760
Trade creditors 697,043 524,902 697,043 485,280
Amounts
owed		 to group undertakings 25,403 55,349
Accruals and deferred income 774,357 687,503 770,099 682,321
Other taxation and social security 453,938 266,158 453,938 266,158
Other creditors - pension liabilities 22,866 24,919 22,866 24,919
Other creditors - finance lease 9,876 9,876
2,078,969 1,519,118 2,100,114 1,529,663
Group Charity
2021 2020 2021 2020
E E E E
Other taxation and social security
PAVE/NI 205,561 152,961 205,561 152,961
VAT 248,377 113,197 248,377 113,197
453,938 266,158 453,938 266,158

Group Charity
E E
Deferred income
Deferred income at 1April 2020 502,953 502,786
Resources deferred
during the year		 208,543 208,543
Amounts released from previous years (208,905) (208,738)
Deferred income at 31March 2021 502,591 502,591

Creditors: Amounts
falling due after mo		 re than one year
Group Charity
2021 2020 2021 2020
E E E E
Bank loans 642~955 23 724 642p955 23724
Finance lease
642~955 23 724 642~955 23724

Maturity ofdebt: bank loans payable by instalments
2021 2020
E E
Within one year 153,265 15,693
Between one year and two years 339,329 11,520
Between two to five years 338,632 19,967
Between six and ten years
831,226 47,180

21. Statement offunds
Brought Incoming Resources Transfers Gains / Carried
2021 Forward resources Expended losses Forward
E E E E E E
Unrestricted
funds
Tangible fixed assets 4,770,040 (267,252) 4,502,788
Helen Addyman
fund		 8,694 8,694
York Roman project 18,500 18,500
Total Designated
funds		 4,797,234 (267,252) 4,529,982
General funds 285,637 5,266,066 (6,931,925) 272,318 (1,107,904)
JVC Retail 10,000 177,888 (181,293) 6,595
Pension reserve (198,168) - 25,000 152p000 (21~168)
Total Unrestricted
funds		 4p894~703 Sg443~954 (7~088~218) 5~066 152~000 3~407p505
Restricted funds
Brought Incoming Resources Transfers Gains / Carried
Forward resources Expended losses Forward
E E E E E
Campaign
Canute		 15,272 15,272
Destination
Viking		 (851) (851)
Sheldon MemorialTrust 2 857 857
Vespertine
2		 113 113
In Search ofAnglican York 1,167 1,167
Protecting
Precious Memories		 2,697 2,697
The Shambles,
York		 Oral History 500 500
York Minster Fabric Rolls 2,906 2,906
Vernacular
Architecture		 242 242
Octon Appeal 749 749
Living History Group 244 244
DIG library project / Digitisation 1,873 (269) 1,604
HLF Emergency
Funding		 49,700 (47,604) (2,096)
Romans Training
Grant		 250 250
LEP ITFunding 3,000 (30) (2,970)
Total Restricted
funds		 26,620 52,950 (48p754) (5~066) 25,750

2021 Brought Incoming Resources Transfers Gains / Carried
forward resources expended losses Forward
E E
General funds 4,894,703 5,443,954 (7,088,219) 5,066 152,000 3,407,505
Restricted funds 26,620 52,950 (48,754) (5,066) 25,750
4,921,323 5,496,904 (7,136,973) 152,000 3,433,255

Brought Incoming Resources Transfers Gains / Carried
2020 Forward resources Expended losses Forward
E E E E E E
Unrestricted
funds
Tangible fixed assets 5,046,520 (276,480) 4,770,040
Helen Addyman fund 9,303 (609) 8,694
York Roman project 18,500 18,500
Total Designated funds 5,074,323 (609) (276,480) 4,797,234
General funds 296,040 7,458,903 (7,821,785) 352,479 285,637
JVC Retail 10,000 612,995 (521,270) (91,725) 10,000
Pension reserve (227,168) 29,000 (198,168)
Total Unrestricted funds 5~153~195 8~071g898 (gi314p664) (15~726) 4,894,703

Restricted funds
Brought Incoming Resources Transfers Gains / Carried
Forward resources Expended losses Forward
E E E E E
Campaign
Canute		 15,272 15,272
Destination
Viking		 (1) 14,143 (14,142)
Sheldon Memorial
Trust		 2 857 857
Vespertine
2		 1,458 (1,345) 113
Digging
ln		 13,235 (13,235)
Clyde &Avon Valley Landscape Partnership 1,259 (1,259)
War 8 Peas 5,729 (5,729)
In Search ofAnglican
York		 1,167 1,167
Museums
& Universities		 Partnership (1)
Protecting
Precious Memories		 2,697 2,697
The Shambles,
York Oral		 History 500 500
York Minster Fabric Rolls 2,906 2,906
Vernacular
Architecture		 242 242
Octon Appeal 749 749
Living History Group 244 244
DIG library project / Digitisation 1,882 (9) 1,873
Discovering the Archaeologists ofEurope (15,725) 15,725
Total Restricted funds 27i972 18~641 (35~719) 15726 26,620
Total Funds 5,181,167 8,090,539 (8,350,383) 4,921,323

2020 Brought Incoming Resources Transfers Gains / Carried
forward resources expended losses Forward
General funds 5,153,195 8,071,898 (8,314,664) (15,726) 4,894,703
Restricted funds 27,972 18,641 (35,719) 15,726 26,619
5,181,167 8,090,539 (8,350,383) 4,921,322
2021 2021 2021 2020 2020 2020
E E E E E E
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds funds funds
Tangible fixed assets 4,502,779 4,502,779 4,770,031 4,770,031
Fixed asset investments 9 9 9 9
Current assets 1,647,809 25,750 1,673,559 1,865,674 26,619 1,892,293
Creditors due within one year (2p078~969) (2,078,969) (1,519,116) (1,519,116)
Creditors due in more than one year (642,955) (642,955) (23,724) (23,724)
Provisions for liabilities and charges (21,168) (21,168) (198,168) (198,168)
3,407,505 25,750 3,433,255 4,894,706 26,619 4,921,325

2021 2020
E E
Net income / (expenditure) for the year (1~640~069) (259844)
(as per Statement of Financial Activities)
Adjustment
for:
Depreciation
charges		 280,307 293,741
Interest paid 1,864 3,818
Disposal offixed assets (50)
Dividends,
interest and rents from investments		 (234) (660)
Defined benefit pension scheme (25,000) (29,000)
(Increase) / decrease in stocks 12,959 (12,345)
(Increase) / decrease in debtors 56,803 81,154
Increase / (decrease) in creditors 444,722 12,385
Net cash used in operating activities (868,648) 89,199
24. Analysis ofcash and cash equivalents
2021 2020
E E
Cash in hand 325,388 474,361
25. Pension commitments
The most rece nt full act uarial
valuation
was as at 31Marc		 h 2019.
2021 2020
E E
Present value offunded obligations (2p187~000) (1969000)
Fair value ofscheme assets 2,246,000 1,792,000
Surplus/Deficit per FRS 102 59,000 (177,000)

2021 2020
E E
Current service cost (24,000) (24,000)
Past service cost
Interest on obligation (44,000) (47,000)
Expected return on scheme assets 41,000 43,000
(27,000) (28,000)
Movements
in the present value ofthe defined benefit obligation		 were as follows:
2021 2020
E E
Opening
defined benefit obligation		 1,969,000 2,000,000
Current service cost 24,000 24,000
Past service cost
Interest cost 44,000 47,000
Contributions
by scheme participants		 7,000 7,000
Actuarial
gains and (losses)		 220,000 (34,000)
Benefits paid (77,000) (75,000)
Closing defined benefit obligation 2,187,000 1,969,000
Changes
in the fair value ofscheme assets were as follows;
2021 2020
E E
Opening
fair value ofscheme assets		 1,792,000 1,794,000
Interest income on assets 41,000 43,000
Actuarial
gains and (losses)		 431,000 (34,000)
Contributions
by employer		 52,000 57,000
Contributions
by scheme participants		 7,000 7,000
Benefits paid (77,000) (75,000)
2,246,000 1,792,000

2021 2020
Equities 57.8% 58.5%
Government
IL corporate bonds		 16.2% 19.1%
Property 6.19fi 7.3%o
Cash 4.1%
Alternatives 14.5% 11.0%
Principal
actuarial
assumptions		 at the Balance Sheet date (expressed as weighted averages):
2021 2020
Discount rate at 31March 2.1% 2.3%
Future salary increases 3.95% 3.35%
Future pension increases 2.7% 2.1%
Inflation
(CPI)		 2.79fi 2.1%
Amounts
for the current and previous		 four periods are as follows:
Defined benefit pension schemes
2021 2020 2019 2018 2017
E E E E E
Defined benefit obligation (2,187,000) (1,969,000) (2,000,000) (1,999,000) (1,979,000)
Scheme assets 2,246,000 1,792,000 1,794,000 1,685,000 1,586,000
Unrecognised
asset		 (59,000)
Surplus/(Deficit) (177,000) (206,000) (314,000) (393,000)
Experience adjustments
on scheme liabilities (220,000) 34,000 (11,000) (14,000) (449,000)
Experience adjustments
on scheme assets 431,000 (34,000) 101,000 86,000 160,000

Defined benefit pension scheme liabilities 2021 2020
E E
North Yorkshire County Council Pension Scheme 177,000
Universities
Superannuation
Scheme		 21,168 21,168
21,168 198,168

2021 2020
E E
Within 1year 215,480 281,556
Within 2to 5years 636,841 650,629
After more than 5years 2,080,469 2,119,219
2,932,790 3,051,404

Group
Financial assets 2021 2020
E
Financial assets measured at fair value through income &expenditure
Financial assets that are debt instruments measured at amortised cost 1,289,148 1,566,313
1,289,148 1,566,313
Financial liabilities 2021 2020
E
Financial assets measured at amortised cost (1,765,395) (773,896)
(1,765,395) (773,896)
Charity
Financial assets 2021 2020
E
Financial assets that are debt instruments measured at amortised cost 1,401,340 1,673,173
1~401~340 1673173
Financial liabilities 2021 2020
E
Financial assets measured at amortised cost (1,786,541) (784,443)
(1,786,541) (784,443)

lated party transactions
2021 2020
E E
Income received by Charity from JVC Retail Ltd
Gift Aid donation 87,744
Interest payable on loan 3,981 3,981
Recharges from Charity to JVC Retail Ltd
Staffcosts 45,714 140,080
Property costs 33,156 69,897
Other admin costs 3,732 6,402

SOFA prior year comparatives SOFA prior year comparatives SOFA prior year comparatives
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
E E E
Income from:
Donations,
grants		 and legacies 55,922 (1,582) 54,340
Other trading activities 612,995 612,995
Investments 660 660
Disposal offixed assets 50 50
Charitable
activities		 7,402,271 20,223 7,422,494
Total income 8,071,898 18,641 8,090,539
Expenditure
on:
Raising funds 527,120 527,120
Charitable
activities		 7,787,544 35,719 7,823,263
Total expenditure 8,314,664 35,719 8,350,383
Net expenditure before investment losses (242,766) (17,078) (259,844)
Transfers between funds (15,725) 15,725
Actuarial
gains on defined benefit pension schemes
Net expenditure (258,491) (1,353) (259,844)