##
##
||||PACE|
|---|---|---|---|
|Report ofthe Trustees|||4-8|
|Report ofthe Independent||Auditor|9-12|
|Statement of Financial|Activities||13|
|Balance Sheet|||14|
|Statement of Cashflows|||15|
|Notes to the Account|||16-22|
|||Mr M 6 Billage .............( resigned|Mr M 6 Billage .............( resigned|Mr M 6 Billage .............( resigned|Mr M 6 Billage .............( resigned|31n|January, 2020 )|January, 2020 )|January, 2020 )||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Dr 5 E Brown|||||||||||||
|||Mr K Butler|||||||||||||
|||Mr P Elam ....................(appointed||||7'" March, 2020)|||||||||
|||Rev Dr
I D Farley|||||||||||||
|||Mr M 5 Hyde|||||||||||||
|||Miss E Maggs|||||||||||||
|||Mr A Mateer|||||||||||||
|||Ms D Petrie|||||||||||||
|Secretary|and|Registered
Office|||||||||||||
|||Mr A Harper|||||||||||||
|||37, Market Square, Witney, Oxon||||OX28||6RE|||||||
|Registration|||||||||||||||
|||Registered
in England||and Wales,||no 3275009.|||||||||
|||The company
is limited||by guarantee,|||and does||not have|a share capital.|||||
|||Registered
with the Charity Commission,||||||no 1059106.|||||||
|Bankers|||||||||||||||
|||HSBC IJK Bank pic, 41||Market|Place, Loughborough,
Leics, LE113EJ||||||||||
|Principal|investment
Managers||||||||||||||
|||CCLA Investment
Management|||Limited||||||||||
|||CCLA Fund Managers|Limited||||||||||||
|Auditors|||||||||||||||
|||Just Audit & Assurance||Ltd, being||a firm||in professional||succession to ReesRussell|||LLP,||
|||Chartered
Accountants||and Registered||||Auditors,|has indicated||their willingness|to|be appointed|as|
|||auditor.|||||||||||||
##
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||||||2020|2020|2020|2019|2019|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restncted||Unrestncted|Restncted||
|Reference|Notes||||Funds|Funds|Total|Funds|Funds|Total|
||Income and endowments|||from:|||||||
||Donations
and legacies||||437,687|1,724,223|2.161,910|536.061|1,584,399|2,120,460|
||Investmenu||||38,981|1,479|40,460|57,485|2,334|59,819|
|20|Other||||20,334|18,942|39,276||||
||Trading Activities||||4,339||4,339|5.104||5,104|
||Total||||501,341|1,744,644|2,245,985|598,650|1,586,733|2,185,383|
||Expenditure
on:||||||||||
||Raising funds||||86,123|0|86.123|91,885|0|91,885|
||Charitable
activities||||670,092|1,457,303|2,127,395|707,122|1.343,472|2,050,594|
||Governance
costs||||7,988|0|7,988|8,987|0|8,987|
||Total||||764,203|1,457,303|2,221,506|807.994|1,343,472|2,151,466|
||Net incomel(expenditure)||||(262,862)|287,341|24,479|(209.345)|243,261|33,916|
||Transfers between|funds|||198.552|(198,552)|0|158,086|( I58,086)|0|
||Other recognised|gains I||(losses):|||||||
||Gain I (loss) on investment|||assets|72,321|1,494|73,815|205,712|1,074|206,786|
||Net movement
in|funds|||8,011|90.283|98,294|154,453|86,249|240.702|
|19|Exceptional
costs||||(72,984)|0|(72,984)|0|0||
||Net income/(expenditure)||||(64.973)|90,283|25,310|154,453|86,249|240.702|
||TOTAL FUNDS brought||forward||1,996.826|744,191|2,741,017|1,842.372|657,942|2,500.314|
||TOTAL FUNDS carried||forward||1.931,853|834,474|2.766,327|1,996,825|744, 191|2,741,016|
||||||2020||2020|2019|
|---|---|---|---|---|---|---|---|---|
|9|Fixed Assets||||||510,748|450.784|
|10|Investments||||||1,267,760|1,193,945|
||||||||1,778,508|1,644,729|
||Current assets||||||||
||Bank & Building Society balances||||1.017.905|||1,024,000|
||Cash goats|- Area representauves||||800||800|
||Stock||||4.141|||4,961|
||Other Debtors
Ik Prepayments||||37,272|||144,200|
||||||1,060,|118||1,173,961|
|12|Creditors: Amounts||falling|due within one year|(63.286)|||(65,531)|
||Net Current|Assets|||||996,832|I,108,430|
||Total Assets|less Current||Liabilities|||2,775,340|2,753,159|
|13|Creditors: Amounts||falhng|due after one year|||(9,013)|(12,142)|
||Net Assets||||||2,766,327|2,741,017|
||Unrestricted|Funds|||||||
||Unrestncted|Funds|||||1,812,403|1,863,739|
|15|Designated|Funds|||||119,450|133,087|
||||||||1,931,853|1,996,826|
|15|Restricted
Funds||||||834,474|744,191|
||||||||2,766,327|2,741,017|
##
##
||||2020|2020|2020|2020|2019|2019|2019|
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restncted|||Unrestricted|Restricted||
||||Funds|Funds||Total|Funds|Funds|Total|
|Cash flows from operating
activities||||||||||
|Net cash pronded
by /used
in) operating|aainues||(49,9691|81,786||31,817|(161,793)|86,282|(75,511)|
|Cash flows from investing
activities||||||||||
|Dividends
and interest from mvestments|||38,981||1,479|40,460|57,485|2,334|59,819|
|Proceeds from sale of property,
less expenses||||||||||
|Purchase of equipment|||(78,372)|||(78,372)|(439,625)||(439,625)|
|Proceeds from sale of investments|||0|||0|833,004||833,004|
|Purchase of investments||||||||||
|Net cash pronded
by (used in) uperoting|octiddes||i39,391)||1,479|(37,912)|450,864|2,334|453,198|
|Cash flows from financing activities||||||||||
|Repayments
of borrowmg||||||||||
|Cashflows
from new borrowing||||||||||
|Receipt of endowment||||||||||
|Net cash pronded
by (used in) ginancing|octiviues|||||||0|0|
|Change
in cash ond cash equivalents
in the||year|(89,360)|83,265||(6,095)|289,071|88,616|377,687|
|Cash end cash equivalents
atthe beginnmg||ofthe year|297,848|726,952||1,024,800|8,777|638,336|647,113|
|Cash ond cash equivalents
ot the end 4/'the||year|208,488|810,217||1,018,705|297,848|726,952|1,024,800|
|RECONCILIATION
OF NET|INCOME/(EXPENDITURE)|||TO NET|CASH|FLOW FROM OPERATING||ACTIVITIES||
|Net income/(expenditure)
forthe year - normal|||8,011|90,283||98,294|154,454|86,249|240,703|
|- Exceptional|||(72,984)|||(72,984)||||
|ndiustm ents for.||||||||||
|Depreciation
charges|||18,408|||18,408|4,633||4,633|
|(Gains)/losses
on mvestments|||(72,3211||(1,494)|(73,8151|(205,712)|(1,074)|(206,786)|
|Dividends,
interest and rents from investments|||(38,981)||(1,479)|(40,460)|(57,485)|(2,334)|(59,819)|
|Loss/(profitl
on the sale ofFixed assets|||0||0|0|0||0|
|(Increase)/decrease
in stocks|||820|||820|(2,395)||(2,395)|
|(Increase)/decrease
in debtors|||110,906||(3,978)|106,928|(48,747)|29,219|(19,528)|
|Increase/(decrease)in
creditors|||(3,828)||(1,546)|(5,374)|(B,setl|(25,778)|(32,319)|
|Net cash provided
by (used in) operatmg
activities|||(49,969)||81,786|31,817|(161,793)|86,282|(75,511)|
##
|Bank|balances|207,688|810,217|1,017,905|297,048|726,952|1,024,000|
|---|---|---|---|---|---|---|---|
|Cash|floats|||800|800|0|800|
|Total|cash and cash equivalents|208,488|810,217|1,018,705|297,848|726,952|1,024,800|
##
##
||Accounting
Poli«ies|||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|i)|Accounting
Convention|||||||||||||||||||||||||||||||||
||The accounts ofthe company are prepared|under the||historical||||||cost convention,|||||||except||for|the revaluation|||of investments||||and|freehold|||property|||
||and in accordance
with Statement of Recommended||Pracoce on Accounting|||||||||||||by Chanties|||and|FRS||102:The Finanoal|||Reporting|||Standard||||||
||applicable
in the UK and Repubbc of Ireland|( March|2018 ),|||||and||incorporate||||||the|resulkrt||ofthe principal
acuvmes|||||which are descnbed||||||in||the||
||Directors' Report and which are continuing.|||||||||||||||||||||||||||||||||
|ii)|Income|||||||||||||||||||||||||||||||||
||Donaoons are accounted
for when received|by the company.|||||||Other income|||||||is accounted for on|||||an accruals||basis so far|||as it is||prudem|||to do so.|||
||Income includes
income tax recoverable.|||||||||||||||||||||||||||||||||
|iii)|Legacies|||||||||||||||||||||||||||||||||
||Legaoes are accounted for on an accrual
basis so far||as||it|is||prudent||||to do|||so.|||||||||||||||||||
|iv)|Expenditure|||||||||||||||||||||||||||||||||
||Expenditure
is allocated to the relevant cost category|||in|accordance|||||||with||internal|||guidelines|||issued||by the charny||and is appropriate|||||to the use|||||
||derived
from the resources.|||||||||||||||||||||||||||||||||
|v)|Grants|||||||||||||||||||||||||||||||||
||Revenue grants are credited to the income|and expenditure||||||account as|||||received,||||unless|related to a speofic|||||period,||when||it is placed|||in|a|||
||restrikxed
fund
until used.|||||||||||||||||||||||||||||||||
|vi)|Taxation|||||||||||||||||||||||||||||||||
||The company
has obtained
charitable
status|and
is generally||||||exempt||||from||income|||tax and capital||||gains tax, but not from|||||VAT.||Irrecoverable||||||
||VAT is mcluded
in the cost ofthose items to which it|||relates.||||||||||||||||||||||||||||||
|vii)|Investments|||||||||||||||||||||||||||||||||
||Investments
are shown at market
value
and|reabsed
gains||||and losses are|||||||taken to the income|||||||and||expenditure|account.|||Investment|||income||||has|
||been taken into account on the basis ofthe|due date|of||payment.|||||||||||||||||||||||||||||
|viii)|Depreciation|||||||||||||||||||||||||||||||||
||Depreciaoon
oftangible
assets is provided
at the following||||||annual||||rates||in|order|||to wnte||off|each||asset over|its estimated||||useful|life:||||||
||Freehold
properties|||||||||||||||2S|svaight||line|||||||||||||||
||Maior Computer
equipment|||||||||||||||20 to 33.3Sstraight||||||Ime||||||||||||
||Fixtures,
fittings
and equipment|||||||||||||||10S0 20K|||straight||line|||||||||||||
||Bicycle (on salary sacnfice)|||||||||||||||At the same rate as|||||the salary sacrifice|||||||||||||
|ix)|Stock|||||||||||||||||||||||||||||||||
||Stock is valued at the lower ofcost and net|reahsable||value.||||||||||||||||||||||||||||||
|x)|Hire purchase
end leasing|||||||||||||||||||||||||||||||||
||Rentals applicable to operating
leases where|substantially||||ag||of|the benegts||||||and risk ofownership|||||||remains
with the lessor|||||are charged|||against net||||
||incoming
resources
on a straight
line basis over the lease|||||term.||||||||||||||||||||||||||||
|xi)|Pensions|||||||||||||||||||||||||||||||||
||The company operates
a defined contribution
pension|||scheme.|||||The|||amount||||charged to||the statement offinancial||||||acevmes|||in respect|||of|pension|||
||costs and other posr:reurement
benefiu
is the amount||||payable|||||in|the year.||||Differences|||between|||contribuoons
payable and||||||contnbuoons|||||actually||
||paid
in the year are shown
as either debtors|or creditors||||m|the|||balance|||sheet.|||||||||||||||||||||
|xii)|Transfer between
funds|||||||||||||||||||||||||||||||||
||"Transfer from restricted
funds" relates to admmistration|||||charges|||||relating|||to||the|management|||of|restrikted
mcoming||||resources,|||adjusted||||for|fund|
||deficits benveen
years.|||||||||||||||||||||||||||||||||
|xin)|Member assets|||||||||||||||||||||||||||||||||
||When Members
purchase
assets these are written
olf|||in|year.|||||||||||||||||||||||||||||
|xiv)|Ride to Work Scheme|||||||||||||||||||||||||||||||||
||Staff have the option to be part ofa Ride to Work Scheme||||||that|||is|funded|||by||salary sacriBce.||||Items||are purchased||as|an asset and depreciated||||||||at|
||the same rate as salary sacrifice deducoons|are made.||||||||||||||||||||||||||||||||
##
|||||Unrestncted|Restncted|||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total|2019|
|2|Donations||and Legacies|||||
||Gila|lk Donations||344.099|1,723,854|2,067.953|1,871,100|
||Legacies|||93,588|369|93,957|249,360|
|||||437,687|1,724,223|2,161,910|2,120,460|
|3|Investment
Income|||||||
|---|---|---|---|---|---|---|---|
||Interest Received|||38,981|1.479|40,460|59,819|
|||||38,981|1,479|40,460|59,819|
||Cost ofRaising Funds|||||||
||Staff costs|||61,999||61.999|64,692|
||Publiaty
&Promooon|||141||141|138|
||Office Costs|||13,201||13,201|14,655|
||Property
Costs|||6,280||6.280|6,364|
||Motor lk Travel|||646||646|2,728|
||Other Expenses|||1,021||1,021|2,594|
||Depreciation|||2,835||2.835|714|
|||||86,123|0|86.123|91,885|
||Charitable
Activities|||||||
||Ministry Costs|||||||
||Support
lk Allowances|||213,887|1,237,775|1,451.662|1,376,434|
||Pro)ace expenditure|||0|219,528|219,528|190,005|
||Office costs|||2,997|0|2,997|3,149|
||Property
lk accommodation||costs|875|0|875|973|
||Publiaty
& Promotion|||21,875|0|21,875|6,114|
||Motor &travel|||2,190|0|2,190|9,160|
||Other expenses|||237|0|237|48|
||Depreciation|||0|0|0||
||Office &Administrative|expenses||||||
||Staff costs|||274,555||274,555|305,111|
||Office Costs|||92,887||92,887|83.836|
||Property Cosa|||32,958||32,958|30,865|
||Publicity & Promouon|||3,827||3.827|3,667|
||Motor 8 Travel|||2.257||2,257|13,219|
||Other Expenses|||5,974||5,974|24,093|
||Depravation|||15,573||15,573|3,920|
|||||670,092|1,457,303|2,127,395|2,050,594|
##
##
|||||||Unrestricted|Unrestricted|Unrestricted|Unrestricted|Unrestricted|Restncted|Restncted|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds||||Funds||Total|2019|
|||||||||6|||6||6||
|Governance
Costs|||||||||||||||
|Audit|||||||||7,560|||0|7,560|6,882|
|Trustees'|expenses|||||||||428|||428|2,105|
||||||||||7,988|||0|7,988|8,987|
|Trustees'
expenses relate|||to travel, office costs and publicity|||||and||were incurred||on behalf ofthe whole board.|||
|Net Income Before||Transfers|||||||||||2020|2019|
|The netincoming
resources before transfers|||||are|aker charging:|||||||||
|Depreoauon
oftangible
fixed assets|||||||||||||17,243|4,633|
|Auditors'|remuneration||||||||||||7,560|6,882|
|Directors'|remuneration||( includmg|Employer's||Nl ) ( note||17||)|||53,257|59,914|
|Staff costs|(note 8)||||||||||||402.358|412,551|
|Staff Costs|(including||directors)||||||||||2020|2019|
||||||||||||||6|6|
|Salaries|||||||||||||383,952|397,925|
|Employers|National|Insurance|||||||||||33,268|34.754|
|Pension Contributions|||||||||||||38,395|39,785|
||||||||||||||455,615|472,464|
|The average|number
ofstaff (including|||directors)||employed|by||the chanty dunng|||the year was as follows:|||
||||||||||||||2020|2019|
|Mission 8|Support||||||||||||||
|Management
& Administration|||||||||||||||
|External
Relationships|||lk fundraising||||||||||||
||||||||||||||15|16|
##
##
##
|Fixed Assets||||||
|---|---|---|---|---|---|
|||Freehold|Fixtures 8|Computer|Total|
|||Properoes|Fittings|Equipment||
||||6|||
|CostIYeluation||||||
|As at 1.1.20||438,300|19,675|45,916|503,891|
|Additions||44,083|4,563|29,726|78,372|
|Disposals||0|(1,973)|(23,585)|(25,558)|
|As at 31.12.20||482,383|22,265|52,057|556,705|
|Accumulated|depreciation|||||
|As at 1.1.20||0|9,483|43,624|53,107|
|Charge for the year||9,647|2,185|5,411|17,243|
|Depreciation
on|disposals|0|(808)|(23,585)|(24,393)|
|As at 31.12.20||9,647|10,860|25,450|45,957|
|Net book value||||||
|As at 1.1.20||438,300|10,192|2,292|450,784|
|As at 31.12.20||472,736|11,405|26.607|510,748|
|I|Portfolio Summary|Portfolio Summary|Unrestricted|Resvicted|2020|2019|
|---|---|---|---|---|---|---|
||||Funds|Funds|||
||Market|Value at 1.1.2020|1,149,449|44,496|1,193,945|1,820,163|
||Purchases
and Sales|||||(833,004)|
||Gain/|(Loss) on revaluation|72,321|1,494|73,815|206,786|
||Market|value at 31.12.2020|1,221,770|45,990|1,267,760|1,193,945|
##
##
##
##
||||||||||
|---|---|---|---|---|---|---|---|---|
||Stock||||||2020|2019|
||Literature|stock for resale|||||4,141|4,961|
|12|Creditors:|Amounts|falling due within|one year|||||
||Transmissions||||||12,454|12,073|
||Salanes
Ik|Wages|Creditors||||27,496|23,830|
||Accruals||||||8,975|25,015|
||Creditors||||||12,061|4,613|
||Workers'|Pension|Funds||||2,300|0|
||||||||63,286|65,531|
|13|Creditors:|Amouna|falling due after|one year|||||
||Others||||||9,013|12,142|
||||||||9,013|12,142|
|14|Analysis of|Net Assets Between Funds|||Unrestricted|Restricted|Total|Total|
||||||Funds|Funds||2019|
||Fixed Assets||||510,748|0|510,748|450,784|
||Investmena||||1,221,770|45,990|1,267.760|1,193,945|
||Current Assets||||236,321|823,797|1,060,118|1,173,961|
||Current
Liabilities||||(36,986)|(26,300)|(63.286)|(65,531)|
||Long Term Liabilioes||||0|(9,013)|(9,013)|(12,142)|
||Net Assea||||1.931.853|834,474|2,766,327|2,741,017|
##
##
|15|Analysis of Funds|Analysis of Funds||Balance|||Transfers
/|Balance|
|---|---|---|---|---|---|---|---|---|
|||||1.1.2020|Income|Expenditure|Adjustment|31.12.2020|
||Restricted
Funds||||||||
||Education
/ Humanitanan|||25,827|148,478|(81,350)|(4,070)|88,885|
||Media|||1,621|39,623|(35,906)|(3,544)|1,794|
||National Workers|||32,103|111,954|(91,135)|(4,934)|47,988|
||Other
/ Relief|||10,945|5,958|(6,289)|1,149|11,763|
||UK Proiects|||7,891|5,391|(4,848)|(490)|7,944|
|||||78,387|311,404|(219.528)|(11,889)|158,374|
||~5u
art||||||||
||Non UK|||49,013|70,418|(56,216)|(3,710)|59,505|
||UK|||616791|1,364.316|(1,181,559)|(182953)|616595|
|||||665804|1,434734|(1,237775)|(186663)|676,100|
||Total Restricted||Funds|744,191|1,746, 138|(1,457,303)|(198.552)|834,474|
||Designated
Funds||||||||
||Medical
Fund|||34,775|720|(52,310)|37.035|20,220|
||UK Ministries|||6,697|1,149|(144)|(87)|7,615|
||UK House ofRefuge|||19,652||||19,652|
||ODFC Donation|Fund||38,125||||38,125|
||Arab Workers|||33,838||||33,838|
||Total Designated||Funds|I33,087|1.869|(52,454)|36,948|119,450|
||General funds||||||||
||General
Fund|||1,863,739|571,793|(784,733)|161,604|1,812,403|
||Total General|Funds||1,863,739|571,793|(784,733)|161,604|1,812,403|
||Overall Total|Funds||2,741,017|2,319,800|(2,294490)|0|2,766,327|
|||||Balance||||Balance|
||Prior Year|||1.1.2019|Income|Expenditure|Transfers|31.12.2019|
|||||||6|6|6|
||Total Restricted|Funds||657.942|1,587,807|(1,343472)|(158086)|744.191|
||Total Designated|Funds||112,816|2.329|(73,825)|91.767|133,087|
||Total General
Funds|||1,729,556|802.033|(734,169)|66,319|1,863,739|
||Overall Total|Funds||2,500,314|2,392,169|(2, 151,466)|0|2,741,017|
##
##
##
##
##
|Payable|withm|I year|1,717|
|---|---|---|---|
|Payable|in 2 to|5 years|3,359|
|Payable|later||420|
||||5,496|
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