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##
|Administrative
Information||||
|---|---|---|---|
|Chairman's
Report||||
|Trustees'
and Directors' Report|||3 —11|
|Auditors'
Report|||12-14|
|Group Statement
of Financial|Activities||15|
|Charity Statement
of Financial|Activities||16|
|Group Balance Sheet|||17|
|Charity Balance Sheet|||18|
|Group And Parent Charity Statement||OfCash Flows|19|
|Notes To The Financial Statements|||20 —34|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|Funds||funds|Funds||
|||||2021|2021|2021|2020|2020|2020|
||||Notes|||E|E||f|
|INCOME||||||||||
|Donations||||42,810||42,810|4,015||4,0I5|
|Charitable
activities||||75,308|439,700|515,008|88,727|925,500|I,OI4,227|
|Other trading
activities||||626,377||626,377|314.229||314,229|
|Other income||||4,704||4,704||||
|TOTAL INCOME||||749,199|439,700|1,188,899|406,971|925,500|1,332,471|
|EXPENDITURE||||||||||
|Cost ofraising funds||||374,869|980.728|1.355,597|619,474|332,270|951,744|
|Chantable
activities||||11,468||11,468|25,456||25,456|
|TOTAL EXPENDITURE||||386,337|980,728|1,367,065|644,930|332,270|977,200|
|Net gains/losses|on|||||||||
|investments||||||||||
|NET INCOME/||||||||||
|(EXPENDITURE)||||362,862|(541,028)|(178,166)|(237,959)|593,230|355,271|
|Transfers between||funds|||||170,607|(170,607)||
|NET MOVEMENT||IN FUNDS||362,862|(541,028)|(178,166)|(67,352)|422,623|355,271|
|RECONCILIATION||OF||||||||
|FUNDS;||||||||||
|Balances brought||forward|18|3,287,319|4,449,293|7,736,612|3,354,671|4,026,670|7,381,341|
|Balances carried||forward|18|3,650,181|3,908,265|7,558,446|3,287,319|4,449,293|7,736,612|
##
||||||||Restated|Restated|Restated|
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|Funds||funds|Funds||
|||||2021|2021|2021|2020|2020|2020|
||||Notes||5|5||5|5|
|INCOME||||||||||
|Donations||||42,810||42,810|4,015||4,015|
|Charitable
activities||||75,308|439,700|515,008|88,727|925,500|1,014,227|
|Other trading
activities||||36,000||36,000|48,000||48,000|
|TOTAL INCOME||||154,118|439.700|593,818|140,742|925,500|1,066.242|
|EXPENDITURE||||||||||
|Cost of raising funds||||78,713|980,728|1,059,441|41,408|332,270|373,678|
|Charitable
activities||||11,468||11,468|25,456||25,456|
|TOTAL EXPENDITURE||||90,181|980,728|1,070,909|66,864|332,270|399,134|
|Net gains/losses|on|||||||||
|investments||||||||||
|NET INCOME/||||||||||
|(EXPENDITURE)||||63,937|(541,028)|(477,091)|73,878|593,230|667,108|
|Transfers between||funds|||||170,607|(170,607)||
|NET MOVEMENT||IN FUNDS||63,937|(541,028)|(477,091)|244,485|422,623|667,108|
|RECONCILIATION||OF||||||||
|FUNDS:||||||||||
|Balances brought||forward|18|3,785,651|4,449,293|8,234,944|3,541,I66|4,026,670|7,567,836|
|Balances carried||forward|18|3,849,588|3,908,265|7,757,853|3,785,651|4,449,293|8,234,944|
##
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##
||||||2021|2020|(Restated)|
|---|---|---|---|---|---|---|---|
||||Notes||E|||
|FIXEDASSETS||||||||
|Tangible Assets|||12||3,255,347||3,347,729|
|Heritage Assets|||13||4,563,136||4,683,480|
|Investments|||14||100||100|
||||||7,818,583||8,031,309|
|CURRENT ASSETS||||||||
|Stock||||||||
|Debtors|||15|75,464||402.769||
|Cash at Bank and|in|Hand||422,525||249,939||
|||||497,989||662,708||
|CREDITORS||||||||
|Amounts
falling due||in one year|16|(58,719)||(124,879)||
|NET CURRENT ASSETS|||||439,270||527,829|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||||8,257,853||8,559,'l38|
|LONG TERM CREDITORS||||||||
|Amount
falling due|beyond one year||17||(500,000)||(324,194)|
|NET ASSETS|||||7757.853||8,234,944|
|FUNDS||||||||
|Restricted
funds|||18||3,908,265||4,449,293|
|Unrestricted
funds||||||||
|Designated
funds|||18|3,601,747||3,869,935||
|General funds|||18|247,841||(82,284)||
||||||3,849,588||3,785,651|
|TOTAL FUNDS|||||7,757,853||8,234,944|
##
||||||Notes|Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
|Cash flows from operating||activities||||||||
|Cash generated
from operations|||||20|130,256|331,994|84,971|420,712|
|Investing
activities||||||||||
|Purchase oftangible
fixed||assets||||(6,424)|(1,833)|(6,424)|(1,833)|
|Proceeds from disposable||oftangible|fixed|||||||
|assets||||||||||
|Net cash used in investing||activities||||(6,4241|(1,833)|(6,424)|(1,833)|
|Financing
activities||||||||||
|New borrowings||||||500,000||500,000||
|Repayment
ofborrowings||||||(405,961)|(105,111)|(405,961)|(171,547)|
|Net cash used in financing||activities|||21|94,039|(105,111)|94,039|(171,547)|
|Net (decrease)l increase|in cash and||cash|||217,871|225,050|172,586|247,332|
|equivalents||||||||||
|Cash and cash equivalents||at beginning||of||260,913|35,863|249,939|2,607|
|year||||||||||
|Cash and cash equivalents||at end ofyear||||478,784|260,913|422,525|249,939|
|Cash and equivalents
consist of:||||||||||
|Cash at bank and in hand||||||478,784|260,913|422,525|249,939|
|Bank overdrafts||||||||||
|||||||478,784|260,913|422,525|249,939|
##
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##
##
|2 DONATIONS|||31/12/2021|||31/12/2020||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|Other donations||42,810||42,810|4,015||4,015|
|||42,810||42,810|4,015||4,015|
|3INCOME FROM CHARITABLE||ACTIVITIES||||||
|||31/12/2021|||31/12/2020|||
|Revenue|income|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|Project grants||75,308|439,700|515,008|88,727|925,500|1,014,227|
|||75,308|439,700|515,008|88,727|925,500|1,014,227|
|4OTHER TRADING ACTIVITIES||||||||
||||31/12/2021|||31/12/2020||
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|Rental Income||36,000||36,000|48,000||48,000|
|Merchandise
&|cafe sales|||||||
|Total per charity||36,000||36,000|48,000||48,000|
|Less eliminaled|on consolidation:|||||||
|Rent re subsidiary||(36,000)||(36,000)|(48,000)||(48.000)|
|Add subsidiary|income|626,377||626,377|314,229||314,229|
|Total per group||626,377||626,377|314,229||314,229|
##
##
##
##
||||31/12/2021|||31/12/2020 (Restated)|31/12/2020 (Restated)|||
|---|---|---|---|---|---|---|---|---|---|
|||Support of|External||Support of||External|||
|||subsidiary|fundraislng|Total|subsidiary||fundraising||Total|
|||E|6|||f.||||
|Direct staff costs||51,984||51,984||3,815|34,332||38,147|
|Advertising
8 printing||4,326||4,326|||23,409||23,409|
|Support costs||309,366|693,765|1,003,131|291,824||20,298||312,122|
|Total per|charity|365,676|693,765|1,059,441|295,639||78,039|373,678||
|Analysed as||||||||||
|Restr/cted
funds||||||||||
|Depreciation||189,399||189,399|189,490||||189,490|
|Other costs||97,564|530,765|628,329||64,741|78,039||142,780|
|Grant to subsidiary|||163,000|163,000||||||
|||286,963|693,765|980,728|254,231||78,039|332,270||
|Unrestr/cted|funds|||||||||
|Depreciation||29,751||29,751||41,408|||41,408|
|Other costs||48,962||48,962||||||
|||78,713||78,713||41,408|||41,408|
|Total per|charity|365,676|693,765|1,059,441|295,639||78,039|373,678||
|Eliminated
on||||||||||
|consolidation||||(163,000)||||||
|Subsidiary||||459,156||||578,066||
|Total per|group|||1,355,597||||951,744||
|7.
CHARITABLE EXPENDITURE||||||||||
|||||31/12/2021|||||31/12/2020|
|||Unrestricted||Restricted|Total|Unrestricted
Restricted|||Total|
|Community
provision|||11,468||11,468||25,456||25,456|
|Capital pro)eel||||||||||
|Per charity &group|||11,468||11,468||25,456||25,456|
|Analysed
between:||||||||||
|Dli ec'1costs|||500||500||3,596||3,596|
|Supportcosts|||10,968||10,968||21,860||21,860|
||||11,468||11,468||25,456||25,456|
##
##
|8.
SUPPO|R|T|&GOV|E|RNANCE CO|STS|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||31/12/2021|||
||||||||Capital||External||
|||||||Community|project|MM Ltd|Fundralslng|Total|
|||Support||costs|||||||
|Support staff|||||||||||
|Property costs||||||||32,571||32,571|
|Depredation||||||||219,150||219,150|
|Grant funded|projects||||||693,765|||693,765|
|Finance charges|||& interest|||||2,724||2,724|
|Office costs|&|other costs||||||9,341|45,580|54,921|
||||||||693,765|263.786|45,580|1,003,131|
||Governance||||costs||||||
|Professional|fees|||||10,968||||10,968|
|Support staff|||||||||||
|||||||10,968||||10,968|
||Total support||||costs|10,968|693,765|263,786|45,580|1,014,099|
||||||||31/12/2020 IRestatedj||||
||||||||Capital||External||
|||||||Community|project|MM Ltd|Fundraislng|Total|
|||Support costs||||6|6||||
|Staffexpenses,||training||&|recruitment|||85|588|673|
|Property costs||||||||39,873|831|40,704|
|Depreciation||||||||226,761|4,137|230,898|
|Finance charges|||& interest|||||21,050||21,050|
|Office costs|&|other costs||||||2,784|11,776|14,560|
|||||||||290,553|17,332|307,885|
||Governance|||costs|||||||
|Professional|fees|||||21,860||||21,860|
|Support staff||||||||1,271|2,967|4,238|
|||||||21,860||1,271|2,967|26,098|
||Tote/support||||costs|21,860||291,824|20,299|333,983|
##
##
|9.TRADING|SUBSIDIARY|||
|---|---|---|---|
|||31/12/2021|31/12/2020|
|Turnover||626,377|314,231|
|Cost ofsales||(223,761)|(358,605)|
|Gross profit||402,616|(44,274)|
|Administration|expenses|(271,395)|(267,461)|
|Other income||167,704||
|Net profit before and aher tax (See Note 20)||298,925|(311,835)|
|Current assets|149,493|75,570|
|---|---|---|
|Creditors due within one year|(348,799)|(573,801)|
|Total net assets|(199,306)|(498,231)|
##
||||||||31/12/2021|31/12/2020|
|---|---|---|---|---|---|---|---|---|
||a|The group|payroll|costs are|as follows:||||
|||Salanes|||||171,569|371,451|
|||Somal security costs|||||9,362|15,249|
|||Employer|pension|contnbutions|||10,787|5,761|
||||||||191,718|392,461|
|||One employee
earned more|||than|660,000 but less than 670,000par annum|(2020:one).||
|b||Key management||personnel|comprise two directors and the kay members||ofstaff listed on page L||
|||Remuneration
& benefits|||||88,114|125,081|
||c|The average|number|ofemployees||was as follows:|Number|Number|
|||MMI td||||||29|
|||Fundraising|and events||||||
|||||||||30|
##
##
|11. GROUP NET INCOMING RESOURCES|31/12/2021|31/12/2020|
|---|---|---|
|This is stated after charging:|||
|Auditors
remuneration:|||
|Audit fees - current year|5,250|6.000|
|Accountancy
fees - current year|3,500|4,000|
|Depreciation
other tangible
fixed assets|219,150|230,898|
|Directors' remuneration
(Trust directors)|||
|Trustee's expenses|||
##
|GROUP &CHARITY|Freehold
Land &|Fixtures and||
|---|---|---|---|
||Buildings|Fittings|Total|
|Cost||8||
|As at 1January 2021|3,461,429|833,840|4,295,269|
|Additions||6,424|6,424|
|As at 31December 2021|3,461,429|840,264|4,301,693|
|Depreciation||||
|As at 1January 2021|224,041|723,499|947,540|
|Charged
in the year|69,225|29,581|98,806|
|As at 31December 2021|293,266|753,080|1,046,346|
|Net BookValue||||
|As at 31December 2021|3,168,163|87,184|3,255,347|
|As at 31December 2020|3,237,388|110,341|3,347,729|
##
##
|GROUP 8 CHARITY|Freehold
Land &|||
|---|---|---|---|
||Buildings|Church Fittings|Total|
|Cost||||
|As at 1January 2021|6,034,974|86,750|6,121,724|
|Additions||||
|As at 31December 2021|6,034,974|86,750|6,121,724|
|Depreciation||||
|As at 1January 2021|1,437,221|1,023|1,438,244|
|Charged
in the year|120,344||120,344|
|As at 31December 2021|1,557,565|1,023|1,558,588|
|Net Book Value||||
|As at 31December 2021|4,477,409|85,727|4,563,136|
|As at 31December 2020|4,597,753|85,727|4,683,480|
##
|1AL INVESTMENTS||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||%Shares|%Shares|
|Name ofSubsidiary|||Trading|activity||held|held|
|The Monastery
Manchester||Ltd|Management||services and event management|100|100|
|The Angels (Manchester)|Limited||Dormant|||100|100|
##
|15.DEBTORS||||Restated|
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||31/12/2021|31/12/2020|31/12/2021|31/12/2020|
|Trade debtors|35,818|5,303|||
|Grants &income receivable|43,970|345,900|43,970|345,900|
|Amount
due from subsidiary||||48,651|
|Other debtors|||5,462||
|Prepayments|32,268|19,725|26,032|8,218|
||112,056|370,928|75,464|402,769|
|16.|CREDITORS|CREDITORS||||||Restated|
|---|---|---|---|---|---|---|---|---|
||amounts|falling|due within|one year|Group|Group|Charity|Charity|
||||||31/12/2021|31/12/2020|31/12/2021|31/12/2020|
|Bankloan|||||||||
|Loan|from Architectural||Heritage|Fund||81,767||81,767|
|Trade|creditors||||77,611|62,317|20,422|31,422|
|Amount due to||subsidiary|||||8,735||
|Soaal|secunty|and other taxes|||7,021|12,178||894|
|Income received
in advance|||||272,213|416,513|||
|Accruals
& other creditors|||||36,557|77,251|29,562|10,796|
||||||393.402|650,026|58,719|124,879|
##
|Amounts|falling due after|falling due after|more than one year|||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Charity|Charity|
|||||31/12/2021|31/12/2020|31/12/2021|31/12/2020|
|Bank loan||||500,000||500,000||
|Otherloans|||||55,000||55,000|
|Loan from Architectural||Hentage|Fund||269,194||269,I94|
|||||500,000|324,194|500,000|324,I94|
##
|||||||2021|||
|---|---|---|---|---|---|---|---|---|
|GROUP||||31/12/2020|Income|Expenditure|Transfers|31/12/2021|
|||||||||6|
|Unrestncted|general||funds|3,287,319|749,199|(386,337)||3,650,181|
|Restricted funds||||4,449,343|439,700|(980,728)||3,908,265|
|Total funds||||7,736,612|1,188.899|(1,367,065)||7,558,446|
|||||||2020|||
|GROUP||||3/1/2020|Income|Expenditure|Transfers|31/12/2020|
|||||||5|||
|Unrestncted|general||funds|3,354,671|406,971|(644,930)|170,607|3,287,319|
|Restricted|funds|||4,026,670|925,500|(332,270)|(170,607)|4,449,343|
|Total funds||||7,381,341|1,332,471|(977,200)||7,736,612|
|Funds analysed between charitable||||and non-char/tablet|||2021|2020|
|Chanty unrestricted||and designated||||3,849,588||3,785,651|
|Chanty restncted||||||3,908.265||4,449,293|
|||||||7,757,853||8,234,944|
|Trading
subsidiary||||||(199,407)||(498,332)|
|||||||7,558,446||7,736,612|
##
##
|18.
STA
(continued)|TEMEN|T O|F FUNDS||||||
|---|---|---|---|---|---|---|---|---|
|||||||2021|||
|COMPANY||||31/12/2020|Income|Expenditure|Transfers|31/12/2021|
|||||||||F.|
|Unrestricted|general|funds||3,785,651|154,118|(90,181)||3,849,588|
|||||3,785,651|154,118|(90,181)||3,849,588|
|Restricted funds:|||||||||
|Heritage
Emergency||Fund||40,629||(40,629)|||
|Culture
Recovery Fund||||571,484|439,700|(750,700)||260,484|
|Capital grants|expended||on fixed assets|3,837,180||(189399)||3,647,781|
|||||4,449,293|439,700|(980,728)||3,908,265|
|Total funds||||8,234,944|593,818|(1,070,909)||7,757,853|
|||||||2020|||
|||||||Restated|Restated||
|COMPANY||||3/1/2020|Income|Expenditure|Transfers|31/12/2021|
||||||6|5|||
|Unrestricted
general||funds||3,541,166|140,742|(66,864)|170,607|3,785,651|
|||||3,541,166|140,742|(66,864)|170,607|3,785,651|
|Restricted funds;|||||||||
|Heritage Emergency||Fund|||233,700|(22,464)|(170,607)|40,629|
|Culture
Recovery Fund|||||691,600|(120,316)||57I,484|
|Capital grants|expended||on fixed assets|4,026,670||(189,490)||3,837,180|
|||||4,026,670|925,500|(332,270)|(170,607)|4,449,293|
|Total funds||||7,567,836|1,066,242|(399,134)||8,234,944|
##
##
|||||GROUP||
|---|---|---|---|---|---|
|||||Restricted||
|Fund balances|at 31December 2021|Unrestricted|funds|funds|Total|
|are represented|by:|Designated|General|||
|||5|||5|
|Fixed assets||4,101,747||3,718,836|7,818,583|
|Net current assets/(liabilities)|||48,434|191,429|239,863|
|Creditors due In more than one year||(500,000)|||(500,000)|
|||3,601,747|48,434|3,908,265|7,558,446|
|Fund balances|at 31December 2020|||GROUP||
|are represented|by:|||||
|Fixed assets||4,194,129||3,837,180|8,031,309|
|Net current
assets/(liabilities)|||(582,616)|612,113|29,497|
|Creditors due in more than one year||(324,194)|||(324,194)|
|||3,869,935|(582,616)|4,449,293|7,736,612|
||||COMPANY|||
|||||Restricted||
|Fund balances|at 31December 2021|Unrestricted|funds|furids|Total|
|are represented|by:|Designated|General|||
|Fixed assets||4,101,747||3,718,836|7,818,583|
|Net current assets/(liabilities)|||247,841|191,429|439,270|
|Creditors due in more than one year||(500,000)|||(500,000)|
|||3,601,747|247,841|3,908,265|7,757,583|
|Fund balances|at 31December 2020||COMPANY|||
|are represented|by:|||||
|Fixed assets||4,194,129||3,837,180|8,031,309|
|Net current assets/(liabilities)|||(84,284)|612,113|527,829|
|Creditors due
in more than one year||(324,194)|||(324,194)|
|||3,869,935|(84,284)|4,449,293|8,234,944|
##
##
##
|||||||Group|Group||Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020||2021|2020|
||||||||5||||
|Net movement||in funds||||(178,166)|355,271|(477,091)||667,108|
|Depreciation||and other fixed asset adjustments||||219,150|230,899||219,150|230,899|
|Decrease/(increase)|||in stocks|||5,257|17,293||||
|Decrease/(increase)|||in debtors|||258,872|(342,896)||327,305|(347,010)|
|(Decrease)/ increase|||in creditors|||(174,857)|71,427||15,607|(130,285)|
|Net cash generated|||from/(used|in) operating|activities|130,256|331,994||84,971|420,712|
|21.|MOVEMENT||IN NET DEBT||||||||
|||||At|31December|||||At 31|
||||||2021||Non||cash|December|
|Group||||||Cash|flows||flows|2020|
|Cash|and cash equivalents||||||||||
|Cash|at bank|and in|hand||478,784|217,871||||260,913|
|Debt|||||||||||
|Loans|||||(500,000)|(94,039)||||(405,961)|
||||||(21,216)|123,832||||(145,048)|
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