Statement of Financial Analysis
| Unrestricted
Funds £'000 | Restricted
Funds £'000 | Endowment
Fund (a) £'000 | Total Funds
2007
£'000 | Total Funds
2006
£'000 |
| Incoming Resources | | | | | |
Grants and Donations -
training and development projects |
9 |
78 |
0 |
87 |
89 |
Training courses and
project income |
217 |
0 |
0 |
217 |
227 |
| Publications | 11 | 0 | 0 | 11 | 12 |
| Subscriptions | 12 | 0 | 0 | 12 | 13 |
| Investment income | 1 | 0 | 0 | 1 | 1 |
| Sundries | 0 | 0 | 0 | 0 | 0 |
| Total Income | 250 | 78 | 0 | 328 | 342 |
| | | | | |
| Resources Expended | | | | | |
| Training courses and projects |
110 |
82 |
0 |
192 |
191 |
| Support costs | 134 | 0 | 0 | 134 | 117 |
| Goverance costs | 71 | 0 | 0 | 71 | 58 |
| Total Expenditure | 315 | 82 | 0 | 397 | 366 |
| | | | | |
| Net income for the year | -65 | -4 | 0 | -69 | -24 |
| Transfers between funds | 0 | 0 | 0 | 0 | 0 |
| Gain on revaluation of tangible fixed assets |
158 |
0 |
0 |
158 |
0 |
| Unrealised gain / loss on investments |
1 |
0 |
5 |
6 |
9 |
| Net increase / decrease in funds for the year |
94 |
-4 |
5 |
95 |
-15 |
| | | | | |
| Funds b/fwd 1 April | 88 | 4 | 34 | 126 | 141 |
| | | | | |
| Funds c/fwd 31 March | 182 | 0 | 39 | 221 | 126 |
Note (a) the Endowment refers to the 'Alastair Heron Research Fund'.
BALANCE SHEET as at 31 March 2007
| | 2007
£'000 | 2006
£'000 |
| Fixed Assets | Intangible Assets | 37 | 48 |
| Freehold Premises & Equipment | 322 | 165 |
| Investments | 53 | 46 |
| Net current (liabilities) / assets | | (21) | (70) |
| Creditor due after more than one year | | (170) | (63) |
| | 221 | 126 |
Trustees’ Statement
These summarised accounts are an extract from the statutory annual report and accounts for the year ended 31 March 2007.
CMB Partnership reported on the statutory accounts as independent auditors on
7 August 2007, and gave an unqualified audit report.
The auditors have confirmed that these summarised accounts are consistent with the statutory accounts for the year ended 31 March 2007.
The annual report and accounts were approved by the Board of Trustees and signed on their behalf on 7 August 2007.
They will be submitted to the Charity Commission and the Registrar of Companies for filing in due course. These summarised accounts may not contain sufficient information to gain a complete understanding of the financial affairs of the charity.
Copies of the statutory annual report and accounts may be obtained from The Secretary, Pre-Retirement Association, 9 Chesham Road, Guildford, Surrey,
GU1 3LS.
On behalf of the board of trustees:
R H Bridges
A J Bennet
7 August 2007
Independent Auditor’s Statement to the Trustees of The Pre-Retirement Association
We have examined the summarised financial statements of The Pre-Retirement Association.
Respective responsibilities of trustees and auditors
The trustees are responsible for preparing the summarised financial statements in accordance with the recommendations of the charities SORP.
Our responsibility is to report to you our opinion on the consistency of the summarised financial statements with the full financial statements and Trustees' Annual Report. We also read the other information contained in the summarised annual report and consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the summary financial statements.
Basis of opinion
We conducted our work in accordance with Bulletin 1999/6 "The auditors' statement on the summary financial statement" issued by the Auditing Practices Board for use in the United Kingdom.
Opinion
In our opinion the summarised financial statements are consistent with the full financial statements and the Trustees' Annual Report of The Pre-Retirement Association charity for the year ended 31 March 2007.
CMB Partnership, Registered Auditors
Chapel House
1 Chapel Street
Guildford
Surrey GU1 3UH
7 August 2007
