Company registration number: 02288815 Charity registration number: 800435
The Douglas Bader Foundation
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 October 2020
The Douglas Bader Foundation
Contents
| Trustees' Report (including Directors' Report) | 1 to 8 |
|---|---|
| Statement of Trustees' Responsibilities | 9 |
| Independent Examiner's Report | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Statement of Cash Flows | 13 |
| Notes to the Financial Statements | 14 to 27 |
The Douglas Bader Foundation
Trustees' Report (including Directors' Report)
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and independent examiner’s report of the charitable company for the year ended 31 October 2020.
Trustees
S K Riddick
G Jackson
R Pascall
G J P Cadbury
Objectives and activities
Objects and aims
The principal activities of the Foundation are to collect funds to advance and promote the physical, mental and spiritual welfare and benefit of persons who are disabled, in particular, those without one or more limbs, and to relieve financial hardship amongst such persons.
The charity’s initial focus was on helping amputees but, over the years, it has broadened its aims to include those with other disabilities.
Public benefit
The charity furthers its charitable purposes for the public benefit through its grant making policy as described below.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Grant making policies
Currently the Douglas Bader Grant Scheme provides practical support for the pursuance of achievements by those with disabilities. This initiative has assisted and will continue to assist countless disabled individuals and groups throughout the UK to achieve a variety of goals in diverse areas ranging from education, the arts, sport and recreation to small businesses. Please refer to achievements and performance to see how these grants contributed to our aims and objectives for the year.
Use of volunteers
The charity relies on volunteers to run its Bader Braves flying days, who provide their flying skills.
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The Douglas Bader Foundation
Trustees' Report (including Directors' Report)
Achievements and performance
What strange times we are all experiencing in this our 38[th] year. It has meant for the DBF Team that we have had to completely rethink our year’s activities and strategies. We believe we have emerged with a lot of positivity and development into new areas that are better fitted to the Covid restrictions, with emphasis on grants and more involvement with our other Charity colleagues working within the same areas. We have sought to support them in their projects and support where able financially to achieve the common goals of assisting, inspiring and enabling the disabled community in the UK.
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Our Bader Braves events including Flying and Sailing Days, Adventure weekends and planned outdoor events, including Boat Trips for User Groups, were all cancelled. Keith Delderfield continues to liaise with all event locations and organisers to receive updates on their restrictions and to work on arrangements for future dates. Keith has also taken over responsibility for managing grant applications to the Foundation.
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We experimented with offering individual family days out to Sailing venues, Aircraft Museums, again all were cancelled due to the regulations imposed by Covid.
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Our high-profile initiatives Bader’s Bus Company and Bader’s Big Band were booked for appearances which again were cancelled. We have in the case of Big Band been able to keep the members together via Zoom calls and setting them the task of creating a Christmas Video also involving participation from one of our Grant receivers Para Dance.
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Grants were also given to support as a pledge and/or donation to Crackerjacks Children’s Trust Xmas donation, Emma Stevens, a disabled Dressage rider, David Good for multi-engine flying training, Dave Bosanquet for amputation research, Rob Franks, wheelchair boxer and Para Dance who said “I wanted to give you a brief update on what has happened with your support. We were able to produce 4 pilot pre-recorded sessions and have sent them out to some of our groups to register to use them. Due to protection issues we did not do publicity for these sets and it’s great we already had Limb Power wanting some for amputees and some have been requested for visually impaired children and more for wheelchair users which is great news!”. Other grants were given to TEAM BRIT for a bespoke seat insert for Nerys Pearce an ex-Army Combat Medic who was injured when she was hit by a car whilst on her 750cc motorbike. She went on to compete in the downhill slalom skiing in the Paralympics and The Invictus Games. She is in training to swim the Channel in September. Nerys is keen to become the fastest disabled woman on the planet so we have found her an experienced female racing driver to be her personal coach. Nerys needs a bespoke seat insert made that will be moulded around her body and fit into the racing seat. A grant was also given to Sam McCreath for a TriRide Bike.
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MITT Appeal
Originally a Bader grant recipient in 2018 who approached us for help to fund the start-up of a company creating 3D upper limbs for children. We have been working with their Team and are helping to launch and fundraise for an ambitious goal receiving appropriate branding and acknowledgement. The campaign launched officially in October 2020.
Imperial College Masters student, Nate Macabuag, and adventurer and quadruple amputee, Alex Lewis, are changing the world of prosthetics. Their revolutionary Koalaa Mitt, a unique, affordable trainer-inspired prosthetic, is becoming part of the Covid 19 Response. In the UK, exacerbated by lockdown, children with limb difference were hit hard by the new normal and the shutdown of prosthetic clinics. Unlike traditional prosthetics, Koalaa Mitts are made to order with just a few measurements and sent directly to your home. All support is delivered online with an ever-growing library of new attachments for riding bikes, skipping, drawing, and cooking to name but a few. It is the aim of the duo to raise the £250,000 required to provide every child in the UK under 9 who needs one with a Koalaa Mitt. They have partnered with the Douglas Bader Foundation who have supported
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The Douglas Bader Foundation
Trustees' Report (including Directors' Report)
Koalaa from day one, along with Reach, Limbo and Limb Power to service a small cohort of members (40 children) in the UK already. The response has been fantastic. Surely every child who needs one deserves one. Alex was disappointed with the expensive and uncomfortable prosthetic options available to him, some of which had changed little since WW2. Being the proactive adventurer that he is, he decided to work with young engineers to build the next generation of prosthetic limbs. At Imperial College London, Alex met student, Nate, while he was working on his Masters Project. Fast forward two years and they have designed a new type of prosthetic inspired by sports clothing and trainers - functional, durable, attractive, and ultimately comfortable, affordable and fun. There are 3 million people worldwide who have limb difference; sadly 90% of those who need prosthetics globally have no access to them. Lack of clinical infrastructure and cost of devices is prohibitively high. 7 out of 10 who get prosthetics do not use them because they are too heavy, uncomfortable, and hard to use. It is the dream of the duo to make prosthetics desirable and affordable for all who need them in the UK. They have already started projects to remedy this problem in Sri Lanka and Sierra Leone.
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Duffield Harrison Solicitors have informed us that we are a beneficiary of an Estate.
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Goodwood - The Duke of Richmond approached us about creating an organic barley beer to add to their range. Beer to be called “Dogsbody” and to commemorate Douglas’s last sortie (DBs call sign). The Foundation would receive a royalty on sales and other support benefits derived from an association with the meeting. This has been delayed until next year but has been agreed in principle.
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Slater & Gordon £25,000 sponsorship of Big Band will recommence November 2020 and includes a £5,000 Bader Music Grant for a joint launch. We are currently working on their proposed PR announcement. The Band has bookings for next year and we are working on a Big Band/Wheelchair Dancing combo video and hopefully joint appearance.
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The finished portrait by Christian Hook - named as Sky Arts Portrait Artist of the Year 2014 - of Richard Branson and organised by Charley Bickers – has been delivered to Christian’s Mayfair Gallery. Christian has donated the painting to DBF. The painting was offered to the Branson family to purchase for Richard’s recent 70th birthday. This was declined due to Virgin airline’s high negative PR during Covid so we are working on different sales ideas including limited edition prints signed and sold to Virgin Galactic passengers/commercial auction/sale via the Gallery.
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Kayak Challenge River Wye 7-12 August 2020
In a nod to our past fundraising Treks and Bike rides we were encouraged to undertake a Challenge in August 2020 along the river Wye to raise funds for a specific project outside of our normal geographical area.
Several months ago, we were contacted by an amputee from Gambia. He is a keen footballer and Chelsea fan! He lost his arm at a young age which sadly put an end to his dreams of becoming a footballer. Even though a young man he is the head of his family with 5 sisters. He has been suffering because of the huge stigma of being an amputee and is desperate for an effective prosthetic limb with a functional hand. It will change his life.
We have been in touch to authenticate the request and are dealing directly with a physiotherapist/ manufacturer / prosthetist to enable this to happen.
A GoFundMe page has raised £1,500 and the canoe participants, led by DBF members and members from Mulberry Bow and Atlantic Music, added another £3,250. We identified a suitable limb for £2,000 and can arrange delivery.
All participants were very enthused, and we feel we can build on this idea for fundraising our projects in the future.
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The Douglas Bader Foundation
Trustees' Report (including Directors' Report)
Financial review
The charity's total funds in the year ended 31 October 2020 decreased by £67,547 (2019 - decrease of £67,726).
It has continued to be a difficult year for fundraising due to the overall UK economic climate exacerbated by Covid-19. With the agreement of our trustees at the end of our last financial year we anticipated the need to utilise our investment resources. It is our view that the income raised, donated and received as inheritances are for the purpose of delivering on our normal output of projects, grants and activities to our community and that is what the Foundation has done.
Policy on reserves
The trustees have reviewed the level of reserves that the charity requires to sustain its operations in light of the main risks to the organisation. Following a recent review of levels of commitment and discussions with members of staff it has been agreed that the level of unrestricted funds required to meet the Foundation’s obligations should be £80,000. This would enable the charity to continue operating for three to six months. The total reserves at 31 October 2020 were £565,181 (2019 – £632,728) of which £559,481 (2019 - £630,459) represented unrestricted funds and £5,700 (2019 - £2,269) represented restricted funds. The total reserves allow the Foundation to continue for a further five years carrying out its work and enabling the continuous legacy of Douglas Bader.
Investment policy and objectives
The investments with Mulberry Bow LLP comprise a discretionary portfolio with a Fusion Wealth General Investment Account made up of four funds. The investment goals are to provide superior returns to cash over the medium term and to achieve capital growth whilst being able to draw on income if and when required. There are no restrictions on withdrawing the money from any of the investments.
Plans for future periods
Aims and key objectives for future periods
Sadly, we had to cancel all our planned 2020 events for both Bader Braves and Adult disabled – a total of the largest number of events ever -12 Flying Days, 40 places within Camps organised by Over The Wall, 10 consecutive water days for SEND schools, 3 water days for User Groups of adult amputees.
We are now very dependent on our 3rd party operators’ opinion of how they can move forward later this year and will take advice from them as and when they are able to provide. We will hold funds, especially reserved funds, over for those activities. All groups are in the ‘vulnerable sector’ of Covid-19 which makes it more difficult. However, we have looked at other ways around this and indeed some suppliers have also come back with concepts for 2020/21
- FLYING DAYS
Probably the most vulnerable of our events due to the proximity within the aircraft and whilst Clubs are keen, rules and regulations may well make this too complex if Covid-19 persists. We are also identifying areas where our fundraisers can still apply for funds from their contacts.
- We are looking at an alternative concept of “Bader Braves Family Tickets” for days out to Aviation Museums and extending that idea to other suitable attractions.
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The Douglas Bader Foundation
Trustees' Report (including Directors' Report)
• SAILING
Again, these events are vulnerable because of the lack of space on a boat – however Bristol Sailability have come up with an idea which we aim to trial as soon as possible. The intention is that vouchers will be purchased by the Foundation to be given out to Bader Braves applicants. Vouchers are then redeemed by the family getting in touch with Sailability to book a session, either sailing/powerboat/etc. Sessions are 2.5 hours long and will be run by our qualified instructors. Sessions are limited to 5 people (6 including the instructor). Vouchers will cost £100 each (usual price £125).
•
BOAT TRIPS
There is a possibility of organising individual ‘bubble’ groups which is being explored. Also, the possibility of the return of the SEND schools concept although this is again Covid-19 dependent.
• CAMPS
Over the Wall have come back with the suggestion below which we are reviewing with them and would like approval to take the proposal below forward.
In essence we have agreed subject to contract:
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we will look to put on a DBF partnership residential camp (depending upon Government Covid-19 guidelines) in 2021
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we will look to book Whitemoor Lakes on or around 16-20 August 2021
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the maximum number of campers that can attend the camp is 80
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the number of registrations required is 100
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the minimum number of attendees, at camp, for an exclusive DBF camp is 60
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depending upon circumstances, campers may be health challenged and/or siblings of health challenged individuals
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in any case the camp will be identified as the Douglas Bader Foundation Camp and campers will be regarded as Bader Braves
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if camp has to be cancelled (due to Covid-19) – we will ‘carry it forward’ into 2022, without the need for a further letter of Agreement
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the DBF will commit £40k towards the cost of the camp
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DBF will commit £5k upon signing the agreement and the final £35k by 30 April 2021
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if the camp is cancelled, the DBF will commit £15k by April 2021 and the remaining £20k (for the camp in 2022) will not be payable until 30 April 2022
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there will be no additional costs to the DBF if camp is cancelled and carried forward into 2022.
Grants
- Grant requests are varied and most recently due to Covid-19 lockdown have included, for example, different disability groups wanting budgets to buy a video camera and to create films for their members, mainly exercise or mentoring or creating online programmes for their communities. We are supporting Wheelchair dancing for example and moved their funding from physical events to online training and dance movements against music type to practice.
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The Douglas Bader Foundation
Trustees' Report (including Directors' Report)
- Other areas where we get a lot of individual requests for are wheelchairs that are appropriate for a particular activity or individual. This covers all age groups and is an individual need, a personal challenge, which we like to assist with and feel best represents Douglas’s own challenges.
This will be part of an ongoing fundraising campaign.
- NHS related – we are aware that there are less students applying for Orthotic degrees / courses and Prosthetic degrees. We have supported BAPO www.bapo.com with a student paper category at their annual awards for several years and could look to see how we could help in other ways.
Website
The new website is, under Wendy McCleave’s custodianship, up and running and looks nice and clean. We have more flexibility with news stories and retaining them. The film box section highlighting our key sectors, together with the new TIMELINE – really gives us a good and impressive look.
One of the increasing areas of approach is requesting our assistance in supporting students or researchers on new investigative initiatives. This supports our heritage and shows that the Foundation is perceived as a senior and effective Charity within our sector.
Summary
The Foundation is still very much operative and the Team should be commended for their continued support, enthusiasm and ingenuity over the last year.
Whilst we are not generating a lot of income, we are not spending as much either, whilst still retaining our profile with a range of ZOOM meetings with our sister charities and organisations and sharing news, ideas and providing support for each other with a view to coming out better post Covid-19.
Structure, governance and management
Nature of governing document
The Douglas Bader Foundation was established on 27 October 1982 by trust deed. On 23 August 1988 a new company limited by guarantee (company registered number 02288815 in England & Wales) was incorporated under the Companies Act 1985 to carry on the activities of the foundation. The company is registered as a charity, number 800435.
Recruitment and appointment of trustees
As set out in the Articles of Association the number of trustees shall not be less than four and not more than fifteen. The trustees may appoint any member of the company as a trustee either to fill a casual vacancy or as an addition to the Board. Any trustee appointed in this way shall retain office until the next Annual General Meeting and will then be eligible for re-election.
The charity is organised so that the trustees communicate regularly to manage its affairs. A Chief Executive officer manages the day-to-day operations of the charity including fundraising and development of new initiatives.
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The Douglas Bader Foundation
Trustees' Report (including Directors' Report)
Induction and training of trustees
New and prospective trustees are usually familiar with the charity’s objectives and its ongoing work. They are invited to attend meetings with the existing trustees in order to further familiarise themselves with the charity and its operations. The attention of new trustees is also drawn to various Charity Commission publications covering trustees’ responsibilities and they are provided with a copy of the Memorandum and Articles of Association and the latest financial statements.
Arrangements for setting key management personnel remuneration
The board of directors, who are the Foundation's trustees, together with the Chief Executive Officer comprise the key management personnel of the charity in charge of directing, controlling and running the charity on a day today basis. The trustees do not receive any remuneration but details of their expenses and related party transactions are disclosed in the notes to the accounts.
The remuneration of the charity's key management personnel is reviewed by the trustees annually and with reference to similar positions in similar organisations. There has been very little change in salary levels in recent years as funds have been low and the provision of events and services has remained the priority.
Major risks and management of those risks
Loss of key management personnel
The trustees believe that the loss of the current management team constitutes the main risk faced by the charity. The key personnel, having considered their ages, intend to continue in their roles for the next 5 years. They are mindful of the need to bring on board younger staff who will gain management experience and be able to support the charity's activities if required and this is under review.
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The Douglas Bader Foundation
Trustees' Report (including Directors' Report)
Reference and Administrative Details
| Chairman | G J P Cadbury |
|---|---|
| Chief Executive Officer | D C T Bickers |
| Secretary | D C T Bickers |
| Principal Office | 2A Conigre House |
| 5 Kingsfield Grange Road | |
| Bradford on Avon | |
| BA15 1BE | |
| Registered Office | 10 St. Bride Street |
| London | |
| EC4A 4AD | |
| The Charity is incorporated in England & Wales. | |
| Company Registration Number | 02288815 |
| Charity Registration Number | 800435 |
| Solicitors | Goodman Derrick & Co |
| 10 St. Bride Street | |
| London | |
| EC4A 4AD | |
| Bankers | Lloyds Bank plc |
| 6 Pall Mall | |
| London | |
| SW1Y 5NH | |
| Accountants | RMCA |
| Chartered Accountants | |
| The Counting House | |
| High Street, Tring | |
| HP23 5TE |
In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
The annual report was approved by the trustees of the Charity on 11[th] May 2021 and signed on its behalf by:
GJP Cadbury Trustee
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The Douglas Bader Foundation
Statement of Trustees' Responsibilities
The trustees (who are also the directors of The Douglas Bader Foundation for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company 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:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the Charity on 11[th] May 2021 and signed on its behalf by:
GJP Cadbury Trustee
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The Douglas Bader Foundation
Independent Examiner's Report to the Trustees of The Douglas Bader Foundation
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 October 2020 which are set out on pages 11 to 27.
Responsibilities and basis of report
As the charity trustees of the company (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
R Masters FCA
The Counting House High Street Tring Hertfordshire HP23 5TE
Date: 13[th] May 2021
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The Douglas Bader Foundation
Statement of Financial Activities for the Year Ended 31 October 2020 (Including Income and Expenditure Account)
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | Restricted funds | 2020 | 2019 | |||
| Note | £ | £ | £ | £ | ||
| Income from: | ||||||
| Donations and legacies | 2 | 52,050 | 166,985 | 219,035 | 344,957 | |
| Investment income | 3 | 57 | - | 57 | 5,331 | |
| Total Income | 52,107 | 166,985 | 219,092 | 350,288 | ||
| Expenditure on: | ||||||
| Raising funds | 4 | (36,970) | (107,380) | (144,350) | (202,986) | |
| Charitable activities | 5 | (98,619) | (56,174) | (154,793) | (261,152) | |
| Total Expenditure | (135,589) | (163,554) | (299,143) | (464,138) | ||
| Gains on investment assets | 12,504 | - | 12,504 | 46,124 | ||
| Net /(expenditure) | (70,978) | 3,431 | (67,547) | (67,726) | ||
| Transfers between funds | - | - | - | - | ||
| Net movement in funds | (70,978) | 3,431 | (67,547) | (67,726) | ||
| Reconciliation of funds | ||||||
| Total funds brought forward | 630,459 | 2,269 | 632,728 | 700,454 | ||
| Total funds carried forward | 17 | 559,481 | 5,700 | 565,181 | 632,728 |
The notes on pages 14 to 27 form part of these financial statements
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The Douglas Bader Foundation
(Registration number: 02288815) Balance Sheet as at 31 October 2020
| 2020 2019 |
|
|---|---|
| Note | £ £ |
| Fixed assets | |
| Tangible assets 11 |
1,311 2,930 |
| Investments 12 |
520,676 622,263 |
| 521,987 625,193 |
|
| Current assets | |
| Debtors 13 |
28,840 4,015 |
| Cash at bank and in hand | 30,172 18,489 |
| 59,012 22,504 |
|
| Creditors: Amounts falling due within oneyear 14 |
|
| (15,818) (14,570) |
|
| Net current assets | |
| 43,194 7,934 |
|
| Total assets less current liabilities | |
| 565,181 633,127 |
|
| Creditors: Amounts fallingdue after more than oneyear 15 |
|
| - (399) |
|
| Net assets | |
| 565,181 632,728 |
|
| Funds of the Charity: | |
| Restricted income funds | |
| 5,700 2,269 |
|
| Unrestricted income funds | |
| Unrestricted income funds | 559,481 630,459 |
| Total funds 17 |
|
| 565,181 632,728 |
The trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
The trustees acknowledge their responsibilities for:
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(i) ensuring that the company keeps adequate accounting records which comply with section 386 of the Act, and
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(ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
The financial statements on pages 11 to 27 were approved by the trustees, and authorised for issue on 11[th] May 2021 and signed on their behalf by:
GJP Cadbury Trustee
The notes on pages 14 to 27 form part of these financial statements
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The Douglas Bader Foundation
Statement of Cash Flows for the Year Ended 31 October 2020
| 2020 2019 |
|
|---|---|
| Note | £ £ |
| Cash flows from operating activities | |
| Net cash /(expenditure) | |
| (67,547) (67,726) |
|
| Adjustments to cash flows from non-cash items | |
| Depreciation 4 |
1,619 2,010 |
| Investment income 3 |
(57) (5,331) |
| Loss on sale of tangible fixed assets | - - |
| Gains on revaluation of investments | (12,504) (46,124) |
| (78,489) (117,171) |
|
| Working capital adjustments | |
| (Increase)/Decrease in debtors 13 |
(24,825) (1,796) |
| Increase in creditors 14,15 |
847 1,639 |
| Net cash flows from operatingactivities | |
| (102,467) (117,328) |
|
| Cash flows from investing activities | |
| Interest receivable and similar income 3 |
48 31 |
| Purchase of tangible fixed assets 11 |
- (2,396) |
| Proceeds from sale of tangible fixed assets | - - |
| Purchase of investments 12 |
- (603,166) |
| Proceeds from sale of investments 12 |
110,000 662,225 |
| Transfer to cash held for investment | 4,093 40,896 |
| Dividends from investments | 9 5,300 |
| Net cash flows from investingactivities | |
| 114,150 102,890 |
|
| Net decrease in cash and cash equivalents | |
| 11,683 (14,438) |
|
| Cash and cash equivalents at 1 November 2019 | |
| 18,489 32,927 |
|
| Cash and cash equivalents at 31 October 2020 | |
| 30,172 18,489 |
The notes on pages 14 to 27 form part of these financial statements
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The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with the Charities: Statement of Recommended Practice (applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Basis of preparation
The Douglas Bader Foundation is a private company limited by guarantee incorporated in England & Wales (registered number 02288815). The Douglas Bader Foundation is also a charity registered in England & Wales (registered number 800435). In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information included in the Trustees' Report as are the nature of the charity's operations and principal activities.
The Douglas Bader Foundation 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 notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these estimates and judgements have been made include the useful economic lives of tangible fixed assets. The annual depreciation charges for the tangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation and the physical condition of the assets.
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 the income receivable can be measured reliably.
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The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Legacies are recognised at the earlier of the charity being notified of an impending distribution or the legacy being received. If a legacy is notified but it is not possible to measure the exact amount expected to be distributed the legacy is treated as a contingent asset and disclosed.
Donated services are recognised in income at their fair value when their economic benefit is probable and can be measured reliably. Fair value is determined on the basis of the value of the gift to the charity, for example the amount the charity would be willing to pay in the open market for such services. A corresponding amount is recognised in expenditure.
Royalty income
Royalty income is recognised when the charity has been notified of the amount receivable.
Investment income
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 bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to costs of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
Page 15
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and Trustee’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Furniture and equipment | 25% straight line |
Fixed asset investments
Fixed asset investments are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Debtors
Short term debtors are initially measured at the transaction price, less any impairment. Prepayments are measured at the amount prepaid.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount after allowing for trade discounts.
Page 16
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
The Douglas Bader Foundation 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.
- 2 Income from donations and legacies
| Unrestricted Total Total |
|
|---|---|
| funds Restricted funds 2020 2019 |
|
| £ £ £ £ |
|
| Donations and legacies; | |
| Donations | 19,754 166,985 186,739 344,038 |
| Legacy | 25,425 - 25,425 - |
| Royalties | 6,871 - 6,871 919 |
| 52,050 166,985 219,035 344,957 |
Donations include £NIL (2019 - £2,000) in respect of donated services relating to the Bader Braves Flying Days. These events can only take place thanks to the contribution of volunteers who provide their flying skills and aircraft to the Foundation free of charge, and airfields where no charge is made for landing fees and other associated costs. The estimated value of these fees is recognised within income as a donation and an equivalent charge is included in professional fees.
Page 17
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
3 Investment income
| Unrestricted Total Total |
|
|---|---|
| funds 2020 2019 |
|
| £ £ £ |
|
| Income from dividends; | |
| Dividends receivable from other listed investments | 9 9 5,300 |
| Interest receivable and similar income; | |
| Interest receivable on bank deposits | 48 48 31 |
| 57 57 5,331 |
4a Expenditure on raising funds
Costs of generating donations and legacies
| Unrestricted Total Total |
|
|---|---|
| funds Restricted funds 2020 2019 |
|
| £ £ £ £ |
|
| Marketing and publicity | 20,909 95,222 116,131 162,668 |
| Other direct costs of generating | |
| voluntaryincome | 16,061 12,158 28,219 40,318 |
| 36,970 107,380 144,350 202,986 |
4b Expenditure on raising funds – previous year
Costs of generating donations and legacies
| Unrestricted Total Total |
|
|---|---|
| funds Restricted funds 2019 2018 |
|
| £ £ £ £ |
|
| Marketing and publicity | 26,059 136,609 162,668 150,214 |
| Other direct costs of generating | |
| voluntaryincome | 20,719 19,599 40,318 40,164 |
| 46,778 156,208 202,986 190,378 |
Page 18
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
5a Expenditure on charitable activities
| Activity | |
|---|---|
| undertaken Grant funding of Activity support Total Total |
|
| directly activity costs 2020 2019 |
|
£ £ £ £ £ |
|
| Bader Braves | 37,786 - 12,343 50,129 58,889 |
| Bus Company/Big | |
| Band | 15,880 - 3,955 19,835 42,039 |
| Website & | |
| communication | 26,418 - 9,312 35,730 37,013 |
| Other events | 16,155 21,525 11,419 49,099 123,211 |
| 96,239 21,525 37,029 154,793 261,152 |
5b Expenditure on charitable activities – previous year
| Activity | |
|---|---|
| undertaken Grant funding of Activity support Total Total |
|
| directly activity costs 2019 2018 |
|
£ £ £ £ £ |
|
| Bader Braves | 45,192 - 13,697 58,889 68,093 |
| Bus Company/Big | |
| Band | 37,651 - 4,388 42,039 47,717 |
| Website & | |
| communication | 26,682 - 10,331 37,013 35,166 |
| Other events | 16,470 94,071 12,670 123,211 107,471 |
| 125,995 94,071 41,086 261,152 258,449 |
£98,619 (2019 - £120,649) of the above expenditure was attributable to unrestricted funds and £56,174 (2019 - £140,503) to restricted funds.
In addition to the expenditure analysed above, there are also governance costs of £16,509 (2019 - £16,509) which relate directly to charitable activities. See note 6 for further details.
Page 19
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
6a Analysis of governance and support costs
Support costs allocated to raising funds
| Basis of | Premises costs |
|---|---|
| including Other support Total Total |
|
| depreciation costs 2020 2019 |
|
| allocation | £ £ £ £ |
| Costs of generating | |
| donations and legacies Staff time |
1,830 2,073 3,903 2,929 |
| Investment management | |
| costs Direct |
- 4,102 4,102 5,242 |
| 1,830 6,175 8,005 8,171 |
Support costs allocated to charitable activities
| Premises costs |
|
|---|---|
| Governance Administration including Other support Total Total |
|
| costs costs depreciation costs 2020 2019 |
|
| £ £ £ £ £ £ |
|
| Legal & | |
| professional | 5,893 - - - 5,893 11,262 |
| Travel & | |
| subsistence | 308 - - - 308 2,747 |
| Premises | - - 7,282 7,303 14,585 10,825 |
| Staff costs | 2,500 13,743 - - 16,243 16,252 |
| 8,701 13,743 7,282 7,303 37,029 41,086 |
Support costs are allocated on the following basis: - Legal & professional fees on a direct basis;
-
Travel & subsistence based on usage;
-
Premises and staff costs based on staff time.
Governance Costs
| Governance Costs | |
|---|---|
| Unrestricted funds Total 2020 Total 2019 |
|
| £ £ £ |
|
| Staff costs | |
| Wages and salaries | 2,500 2,500 2,500 |
| Independent Examiner’s remuneration | 900 900 900 |
| Other accountancy fees | 4,317 4,317 3,839 |
| Legal fees | 676 676 5,644 |
| Othergovernance costs | 308 308 3,626 |
| 8,701 8,701 16,509 |
Page 20
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
6b Analysis of governance costs – previous year
Governance Costs
| Governance Costs | |
|---|---|
| Unrestricted funds Total 2019 Total 2018 |
|
| £ £ £ |
|
| Staff costs | |
| Wages and salaries | 2,500 2,500 2,500 |
| Independent Examiner’s remuneration | 900 900 750 |
| Other accountancy fees | 3,839 3,839 3,929 |
| Legal fees | 5,644 5,644 363 |
| Othergovernance costs | 3,626 3,626 2,446 |
| 16,509 16,509 9,988 |
7 Grant-making
Analysis of grants
| Analysis of grants | |
|---|---|
| Grants to Grants to |
|
| institutions individuals |
|
| 2020 2020 |
|
| £ £ |
|
| Analysis | |
| Grants paid | 21,525 69,401 |
The support costs associated with grant-making are £nil (31 October 2019 - £nil).
Significant grants to institutions include £2,000 to Accessible Boating and £2,600 to Para Dance UK.
8 Net income
Net income for the year is stated after charging:
| Net income for the year is stated after charging: | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Independent examiner fees | 900 | 900 | ||
| Depreciation of fixed assets | 1,619 | 2,010 |
Page 21
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
9 Trustees remuneration and expenses
During the year the Charity made the following transactions with trustees for reimbursement of travel and subsistence costs:
S K Riddick
£nil (2019: £1,420) of expenses were reimbursed to S K Riddick during the year.
G Jackson
£nil (2019: £474) of expenses were reimbursed to G Jackson during the year.
R Pascall
£nil (2019: £nil) of expenses were reimbursed to R Pascall during the year.
G J P Cadbury
£nil (2019: £nil) of expenses were reimbursed to G J P Cadbury during the year.
No trustees, nor any persons connected with them, have received any remuneration or other benefits from the charity during the current or previous year.
10 Staff costs
The aggregate payroll costs were as follows:
| 2020 2019 |
|
|---|---|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 105,052 106,113 |
The above figures include employer's national insurance contributions of £6,052 (2019 - £7,113).
The monthly average head count number of persons (including senior management team) employed by the Charity during the year was as follows:
| 2020 2019 |
|
|---|---|
| No No |
|
| Staff numbers | 3 3 |
No employee received emoluments of more than £60,000 during the current or previous year.
The chief executive officer, who is considered to be the charity's key management personnel, received employee remuneration and benefits totalling £42,000 (2019 - £42,000).
Page 22
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
11 Tangible fixed assets
| Furniture and | Furniture and | ||
|---|---|---|---|
| equipment Total |
|||
£ £ |
|||
| Cost | |||
| At 1 November 2019 | 11,289 11,289 |
||
| Additions | - - |
||
| Disposals | - - |
||
| At 31 October 2020 | |||
| 11,289 11,289 |
|||
| Depreciation | |||
| At 1 November 2019 | 8,359 8,359 |
||
| Charge for the year | 1,619 1,619 |
||
| Depreciation on disposals | - - |
||
| At 31 October 2020 | |||
| 9,978 9,978 |
|||
| Net book value | |||
| At 31 October 2020 | |||
| 1,311 1,311 |
|||
| At 31 October 2019 | |||
| 2,930 2,930 |
|||
| 12a Fixed asset investments |
|||
| 2020 | |||
| £ | |||
| Other investments | 520,676 | ||
| Other investments | |||
| Listed | |||
| investments | Cash portfolio Total |
||
| £ | £ £ |
||
| Cost or Valuation | |||
| At 1 November 2019 | 613,124 9,139 622,263 |
||
| Revaluation gain | 9,823 - 9,823 |
||
| Gain realised in the year | 2,683 - 2,683 |
||
| Listed investment additions | - - - |
||
| Sale proceeds | - 110,000 110,000 |
||
| Transfers | - (110,000) (110,000) |
||
| Investment income | - 9 9 |
||
| Management fees | - (4,102) (4,102) |
||
| Disposals | (110,000) - (110,000) |
||
| At 31 October 2020 | |||
| 515,630 5,046 520,676 |
|||
| Net book value | |||
| At 31 October 2020 | |||
| 515,630 5,046 520,676 |
|||
| At 31 October 2019 | |||
| 613,124 9,139 622,263 |
Page 23
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
Investments comprising more than 5% of the total holding are listed below.
| Investments comprising more than 5% of the total holding are listed below. | ||
|---|---|---|
| Market Value | % | |
| Dimensional Funds PLC | 264,604 | 50.82 |
| FP Foresight UK Infrastructure Income Fund | 98,674 | 18.95 |
| Vanguard US Equity Index Fund | 41,380 | 7.95 |
| CF Ruffer Investment Funds – Total Return Fund | 110,972 | 21.31 |
The historic cost of the listed investments is £470,422 (2019 - £568,088).
12b Other investments
An original painting has been donated to the charity with the possibility that income can be generated either through its eventual sale or by use of its image for commercial purposes. The Trustees consider that it is currently impractical to measure the fair value of the painting and the costs of a formal valuation outweigh the benefits. Until there is greater certainty surrounding its potential use, the painting is held as an investment with £Nil value.
13 Debtors
| 13 Debtors |
|
|---|---|
| 2020 2019 |
|
| £ £ |
|
| Prepayments | 3,055 3,655 |
| Other debtors | 25,785 360 |
| 28,840 4,015 |
14 Creditors: amounts falling due within one year
| 14 Creditors: amounts falling due within one year |
|
|---|---|
| 2020 2019 |
|
| £ £ |
|
| Other taxation and social security | 2,440 2,489 |
| Hire purchase | 399 1,198 |
| Accruals | 12,979 10,883 |
| 15,818 14,570 |
15 Creditors: Amounts falling due after more than one year
| 15 Creditors: Amounts falling due after more than one year |
|
|---|---|
| 2020 2019 |
|
| £ £ |
|
| Hire purchase | - 399 |
Page 24
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
16 Charity status
The Charity is a Charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the Charity in the event of liquidation.
17a Analysis of movement in funds
| Other | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | recognised | ||||||
| November | gains & | Balance | at 31 | ||||
| 2019 | Income | Expenditure | transfers | October | 2020 | ||
| £ | £ | £ | £ | £ | |||
| Unrestricted funds | |||||||
| Unrestricted general funds | 630,459 | 52,107 | (135,589) | 12,504 | 559,481 | ||
| Restricted funds | 2,269 | 166,985 | (163,554) | - | 5,700 | ||
| Total funds | 632,728 | 219,092 | (299,143) | 12,504 | 565,181 |
17b Analysis of movement in funds – previous year
| Other | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | recognised | ||||||
| November | gains & | Balance | at 31 | ||||
| 2018 | Income | Expenditure | transfers | October | 2019 | ||
| £ | £ | £ | £ | £ | |||
| Unrestricted funds | |||||||
| Unrestricted general funds | 698,130 | 73,632 | (167,427) | 26,124 | 630,459 | ||
| Restricted funds | 2,324 | 276,656 | (296,711) | 20,000 | 2,269 | ||
| Total funds | 700,454 | 350,288 | (464,138) | 46,124 | 632,728 |
General funds represent funds of the charity which are not designated for particular purposes.
Restricted funds represent monies raised to support the Bader Braves, Bader Bus Company and Bader Big Band events and the MITT project.
Transfers have been made from unrestricted to restricted funds as authorised by the Trustees in order to support expenditure on the above projects.
Page 25
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
18a Analysis of net assets between funds
| 18a Analysis of net assets between funds |
|
|---|---|
| Unrestricted | |
| funds Restricted funds Total funds |
|
| £ £ £ |
|
| Tangible fixed assets | 1,311 - 1,311 |
| Fixed asset investments | 520,676 - 520,676 |
| Current assets | 44,127 14,885 59,012 |
| Liabilities | (5,458) (10,360) (15,818) |
| Total net assets | |
| 560,656 4,525 565,181 |
18b Analysis of net assets between funds – previous year
| 18b Analysis of net assets between funds – previous |
year |
|---|---|
| Unrestricted | |
| funds Restricted funds Total funds |
|
| £ £ £ |
|
| Tangible fixed assets | 2,930 - 2,930 |
| Fixed asset investments | 622,263 - 622,263 |
| Current assets | 13,028 9,476 22,504 |
| Liabilities | (7,762) (7,207) (14,969) |
| Total net assets | |
| 630,459 2,269 632,728 |
19 Financial instruments
Categorisation of financial instruments
| Categorisation of financial instruments | |
|---|---|
| 2020 2019 |
|
| £ £ |
|
| Financial assets measured at fair value | 520,676 622,263 |
| Financial assets measured at settlement value | 30,172 18,489 |
| 550,848 640,752 |
|
| Financial liabilities measured at settlement value | 12,976 10,882 |
Financial assets measured at settlement value comprise cash and other debtors.
Financial assets measured at fair value comprise assets held as investments.
Financial liabilities measured at settlement value comprise accruals.
Page 26
The Douglas Bader Foundation
Notes to the Financial Statements for the Year Ended 31 October 2020
20 Related party transactions
During the year the Charity made the following related party transactions:
C Bickers
(Son of D Bickers, Chief Executive Officer)
The charity has entered into a contract for services with C Bickers. Payments of £33,750 (2019 - £29,583) were made during the year. At the balance sheet date the amount due to/from C Bickers was £Nil (2019 - £Nil).
T Bickers
(Daughter of D Bickers, Chief Executive Officer) During the year, the charity made payments of £3,000 (2019 - £Nil) to T Bickers for administrative support. At the balance sheet date the amount due to/from T Bickers was £Nil (2019 - £Nil).
Page 27