##
##
||||Page|
|---|---|---|---|
|Trustees'
report||||
|Independent|auditors'|report on the financial statements||
|Consolidated|statement|offinancial activities||
|Consolidated|balance sheet|||
|Charity balance sheet|||10|
|Consolidated|statement|ofcash flows||
|Notes to the|financial statements||12-37|
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|Trustees||J Dibdin, Trustee||
|---|---|---|---|
|||Mrs C R Barnett, Trustee||
|||I H Davey, Trustee||
|Charity registered||||
|number||1069985||
|Principal office||The Ice House||
|||Victor Street||
|||Grimsby||
|||N E Lincolnshire||
|||DN32 7QN||
|Independent|auditors|Pelham Accountants|2019 Limited|
|||Statutory
Auditors||
|||16 Dudley Street||
|||Grim sby||
|||North East Lincolnshire||
|||DN31 2AB||
|Bankers||National
Westminster|Bank|
|||501 Silbury Road||
|||Central
Melton Keynes||
|||MK9 3ER||
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##
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021|2021|2020|
|||||Note|E|F||
|Income from:||||||||
|Donations
and|legacies||||107,000|107,000||
|Other trading
activities|||||1,151,413|1,151,413|1,874,759|
|Investments|||||37|37|128|
|Other income|||||67|67|153|
|Total income|||||1,258,517|1,258,517|1,875,040|
|Expenditure
on:||||||||
|Raising funds|||||731,983|731,983|1,392,614|
|Charitable
activities|||||289,153|289,153|476,074|
|Total expenditure|||||1,021,136|1,021,136|1,868,688|
|Net movement|in|funds before other recognised||||||
|gains/(losses)|||||237,381|237,381|6,352|
|Other recognised||gains/(losses):||||||
|Losses on revaluation|||of fixed assets||(60,568)|(60,568)||
|Net movement|in|funds|||176,813|176,813|6,352|
|Reconciliation|of|funds:||||||
|Total funds
brought||forward|||4,855,530|4,855,530|4,849,178|
|Net movement|in funds||||176,813|176,813|6,352|
|Total funds carried forward|||||5,032,343|5,032,343|4,855,530|
##
##
||||||Note||2021f||2020f|
|---|---|---|---|---|---|---|---|---|---|
|Fixed assets||||||||||
|Tangible assets|||||15||30,929||41,60/|
|Investment
property|||||16||7,254,000||6,254,000|
||||||||7,284,929||6,295,601|
|Current assets||||||||||
|Stocks|||||18|650||||
|Debtors|||||19|318,401||472,915||
|Cash at bank and|in|hand||||116,863||359,028||
|||||||435,914||831,943||
|Creditors: amounts||falling||due within one||||||
|year|||||20|(1,403,876)||(968, l97)||
|Net current
liabilities|||||||(967,962)||(136,254)|
|Total assets less|current|||liabilities|||6,316,967||6, l59,347|
|Creditors: amounts||falling||due after more||||||
|than one year|||||21||(1,129,235)||(1,129,235)|
|Provisions
for liabilities|||||24||(155,389)||(174,582)|
|Net assets excluding|||pension asset||||5,032,343||4,855,530|
|Total net assets|||||||5,032,343||4,855,530|
|Charity funds||||||||||
|Restricted
funds|||||25|||||
|Unrestricted
funds|||||25||5,032,343||4,855,530|
|Total funds|||||||5,032,343||4,855,530|
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||F||
|Cash flows from operating|activities|||||
|Net cash used
in operating|activities|||421,906|272,210|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||37|128|
|Purchase
of tangible
fixed assets||||(1,060,568)|(39,146)|
|Net cash used
in investing|activities|||(1,060,531)|(39,018)|
|Cash flows from financing|activities|||||
|Cash inflows
from new borrowing||||460,100||
|Repayments
of borrowing||||(72,962)|(19,172)|
|Amounts
introduced
by Directors||||9,322|517|
|Net cash provided
by/(used
in) financing|||activities|396,460|(18,655)|
|Change
in cash and cash|equivalents|in|the year|(242,165)|214,537|
|Cash and cash equivalents|at the beginning||of the year|359,028|144,491|
|Cash and cash equivalents|at the end|of|the year|116,863|359,028|
##
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##
##
##
##
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##
##
##
|Plant and|machinery|25% reducing|balance|
|---|---|---|---|
|Computer|equipment|33% straight|line|
##
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##
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##
##
##
##
##
##
##
##
##
##
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2021|2021|2020|
|E|E||
|107,000|107,000||
##
##
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021f|2021f|
|Sales|||1,027,941|1,027,941|
|Government|grants|receivable|123,472|123,472|
||||1,151,413|1,151,413|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|Sales|||1,874,759|1,874,759|
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021f|2021f|
|Deposit|account|interest|37|37|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|Deposit|account|interest|128|128|
##
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021f|2021|
|Other|operating|income|67|67|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|Other|operating|income|153|153|
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021f|2021f|
|Cost ofsales||49,378|49,378|
|Administration|expenses|407,969|407,969|
|Interest payable||28,407|28,407|
|Cost ofsales staff costs||110,374|110,374|
|Administration|staff costs|125,183|125,183|
|Administration|depreciation|10,672|10,672|
|||731,983|731,983|
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|Cost ofsales||91,797|91,797|
|Administration|expenses|1,033,704|1,033,704|
|Interest payable||7,981|7,981|
|Cost ofsales staff costs||123,971|'I23,971|
|Administration|staff costs|133,072|133,072|
|Administration|depreciation|2,089|2,089|
|||1,392,614|1,392,614|
##
##
|||||||Grants to|Total|
|---|---|---|---|---|---|---|---|
|||||||Institutions|funds|
|||||||2021|2021|
|||||||F|F|
|Grants,|Promotion|of|the|Christian|Faith|199,725|199,725|
|||||||Grants to|Total|
|||||||Institutions|funds|
|||||||2020|2020|
|Grants,|Promotion|of|the|Christian|Faith|395,725|395,725|
##
##
|Analysis ofgrants (con|tinued|)||||
|---|---|---|---|---|---|
|||||2021f|2020|
|Name of institution||||||
|Christian
Centre (Humberside)||Limited||180,500|376,500|
|The ice House Christian|Bookshop||Limited|18,000|18,000|
|Evangelical
Library||||25|25|
|PA 8 NE Carr||||1,200|1,200|
|||||199,725|395,725|
##
##
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2021|
|||||F||
|Promotion|ofthe|Christian|Faith|289,153|289,153|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2020|2020|
|Promotion|ofthe|Christian|Faith|476,074|476,074|
##
||||||Grant|||
|---|---|---|---|---|---|---|---|
||||||funding
of|Support|Total|
||||||activities|costs|funds|
||||||2021f|2021
E|2021|
|Promotion|of|the|Christian|Faith|199,725|89,428|289,153|
##
##
##
|Grant|||
|---|---|---|
|funding
ot|Support|Total|
|activities|costs|funds|
|2020|2020|2020|
|395,725|80,349|476,074|
##
##
|||||Promotion||
|---|---|---|---|---|---|
|||||ofthe||
|||||Christian|Total|
|||||Faith|funds|
|||||2021|2021|
|||||F|f,|
|Bank charges||||63|63|
|Other operating||leases||29,826|29,826|
|insurance||||852|852|
|Subcontract|administration||staff|6,656|6,656|
|Governance|costs|||52,031|52,031|
|||||89,428|89,428|
|||||Promotion
ot||
|||||the Christian|Total|
|||||Faith|funds|
|||||2020|2020|
|Bank charges||||77|77|
|Other operating||leases||20,183|20,183|
|Insurance||||154|154|
|Governance|costs|||59,935|59,935|
|||||80,349|80,349|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Fees payable||to|the Charity's|auditor and its associates|for the audit of the|||
|Charity's|annual||accounts|||4,500|4,500|
##
|||Group|Group|
|---|---|---|---|
|||2021|2020|
||||E|
|Wages|and salaries|198,927|222,101|
|Social|security costs|14,328|13,942|
|||213,255|236,043|
|Group|Group|
|---|---|
|2021|2020|
|No.|No.|
##
|||2021|2020|
|---|---|---|---|
|Mrs C R Barnett|Remuneration|22,302|21,000|
|I H Davey|Remuneration|14,719|13,860|
##
||||NOTES TO THE FINANCIAL STATEMENTS||
|---|---|---|---|---|
||||FOR THE YEAR ENDED 31 MARCH 2021||
|14.|Intangible|assets|||
||Group||||
|||||Goodwill|
||Cost||||
||At 1 April|2020||16,213|
||At 31 March 2021|||16,213|
||Amortisation||||
||At 1 April|2020||16,213|
||At 31 March 2021|||16,213|
||Net book|value|||
||At 31 March 2021||||
||At 31 March 2020||||
##
##
##
||||Plant and|Computer||
|---|---|---|---|---|---|
||||machinery
f|equipment
f|Totalf|
||Cost or valuation|||||
||At 1 April 2020||44,290|1,997|46,287|
||At 31 March|2021|44,290|1,997|46,287|
||Depreciation|||||
||At 1 April 2020||4,241|445|4,686|
||Charge for the year||10,013|659|10,672|
||At 31 March|2021|14„254|1,104|15,358|
||Net book value|||||
||At 31 March|2021|30,036|893|30,929|
||At 31 March|2020|40,049|1,552|41,601|
|16.|Investment|property||||
||Group|||||
||Freehold|
|---|---|
||investment|
||propertyf|
|Valuation||
|At 1 April 2020|6,254,000|
|Additions|1,060,568|
|Deficit on revaluation|(60,568)|
|At 31 March 2021|7,254,000|
##
|||2021|
|---|---|---|
|||F|
|Valuation|in 2017|1,020,968|
|Valuation|in 2018|(10,000)|
|Valuation|in 2019|128,655|
|Valuation|in 2021|(60,568)|
|Cost at 2021||6,174,945|
|||7,254,000|
##
||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|Charity|F|
|Cost or valuation||
|At 1 April 2020|860,500|
|Revaluations|(45,500)|
|At 31 March 2021|815,000|
|Net book value||
|At 31 March 2021|815,000|
|At 31 March 2020|860,500|
|||||||||||||Vl|4l||||CV|
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##
##
|18.|Stocks||||
|---|---|---|---|---|
||||Group|Group|
||||2021|2020|
||||F||
||Raw materials|and consumables|650||
|19.|Debtors||||
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||F||F||
|Due within one year||||||
|Trade debtors||69,180|70,428|||
|Amounts
owed by group undertakings||||4,357,307|4,101,468|
|Other debtors||181,110|300,835||8,977|
|Prepayments|and accrued income|60,252|101,652|245|40,147|
|Tax recoverable||7,859||||
|||318,401|472,915|4,357,552|4,150,592|
|20.|Creditors:|Amounts|Amounts|falling due within one year|||||
|---|---|---|---|---|---|---|---|---|
||||||Group|Group|Charity|Charity|
||||||2021|2020|2021|2020|
||||||F||F||
||Bank loans||||460,100|72,962|||
||Trade creditors||||424,963|490,017||37,396|
||Corporation|tax|||109,293|97,020|||
||Other taxation||and social security||108,652|70,148|8,992||
||Other creditors||||188,131|159,617|108,142|139,403|
||Accruals and deferred|||income|112,737|78,433|12,751|2,815|
||||||1,403,876|968,197|129,885|179,614|
##
##
##
|Group|Group|
|---|---|
|2021|2020|
||E|
|1,129,235|1,129,235|
##
|||2021|2020|
|---|---|---|---|
|Bank|loans|460,100|72,962|
|||460,100|72,962|
##
||||Group|Group|
|---|---|---|---|---|
||||2021|2020|
|Deferred|income brought|foward|1,129,235|1,129,235|
|Release|to profit and loss|account|||
||||1,129,235|1,129,235|
##
##
|Deferred taxatio|n||
|---|---|---|
|Group|||
|||2021|
|||E|
|At the beginning|of the year|174,582|
|Credit for the year||(19,193)|
|||155,389|
##
|Group|Group|
|---|---|
|2021|2020|
|E||
|(155,389)|(174,582)|
|(155,389)|(174,582)|
##
##
|Stateme|nt
o|ffunds - curren|t year||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||||Balance at 1||||Gains/|31 March|
||||April 2020f|Income
f|Expenditure|f|(Losses)
f|2021
f|
|Unrestricted||funds|||||||
|General|Funds - all funds||4,855,530|1,258,517|(1,021,136)||(60,568)|5,032,343|
##
|Stateme|nt
o|ffunds
- prior year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at|||31 March|
||||1 April 2019|Income|Expenditure|2020f|
|Unrestricted||funds|||||
|General|Funds - all funds||4,849,178|1,875,040|(1,868,688)|4,855,530|
##
|Summar|y
offunds
-c|urrent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Gains/|31 IVlarch|
|||April 2020f|Income
f|Expenditure|(Losses)
f|2021
f|
|General|funds|4,855,530|1,258,517|(1,021,136)|(60,568)|5,032,343|
|Summar|y
offunds
- prior yea|r|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at|||31 March|
|||1|April 2019|Income|Expendituref|2020f|
|General|funds||4,849,178|1,875,040|(1,868,688)|4,855,530|
##
|27.|Analysis|of net assets|of net assets|of net assets|between|funds||||
|---|---|---|---|---|---|---|---|---|---|
||Analysis|of net assets|||between|funds|-current year|||
|||||||||Unrestricted|Total|
|||||||||funds|funds|
|||||||||2021|2021|
||Tangible|fixed||assets||||30,929|30,929|
||Investment||property|||||7,254,000|7,254,000|
||Current assets|||||||4,788,521|4,788,521|
||Creditors|due||within one year||||(5,756,483)|(5,756,483)|
||Creditors|due||in more than one year||||(1,129,235)|(1,129,235)|
||Provisions||for|liabilities|and charges|||(155,389)|(155,389)|
||Total|||||||5,032,343|5,032,343|
||Analysis||of net assets||between|funds|- prior year|||
|||||||||Unrestricted|Total|
|||||||||funds|funds|
|||||||||2020|2020|
||Tangible|fixed||assets||||41,601|41,601|
||Investment||property|||||6,254,000|6,254,000|
||Current assets|||||||831,943|831,943|
||Creditors||due|within one year||||(968,197)|(968,197)|
||Creditors||due|in more than one year||||(1,129,235)|(1,129,235)|
||Provisions||for|liabilities|and charges|||(174,582)|(174,582)|
|||||||||4,855,530|4,855,530|
##
##
||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||||E|
|Net income||for the year (as per Statement|||of Financial|Activities)|237,381|6,352|
|Adjustments||for:|||||||
|Depreciation||charges|||||10,672|2,089|
|Dividends,|interests||and rents from|investments|||(37)|(128)|
|Increase|in|stocks|||||(650)||
|Decrease|in|debtors|||||162,373|353,573|
|Increase/(decrease)|||in creditors||||26,946|(184,599)|
|Taxation|||||||(14,779)|94,923|
|Net cash|provided||by operating|activities|||421,906|272,210|
|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||F||
|Cash|in hand|||||483|483|
|Notice deposits||(less than 3 months)||||116,380|358,545|
|Total|cash and|cash||equivalents||116,863|359,028|
|Analysis ofchanges||||in net debt||||
||||||At 1 April||At 31 March|
||||||2020|Cash flows|2021|
|||||||F||
|Cash|at bank and||in hand||359,028|(242,165)|116,863|
|Debt|due within|1|year||(95,439)|(396,460)|(491,899)|
||||||263,589|(638,625)|(375,036)|
##
##
|under|non-|ca|ncell|able|op|eratin|g
le|ase|s as follow|s:||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Group|Group|Charity|Charity|
|||||||||||2021|2020|2021|2020|
|||||||||||||F||
|Later|than|1|year|and|not|later|than|5|years|40,495|63,635|40,495|63,635|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||F||
|Donations|received||||107,000||
|Donations|made||||180,500|376,500|
|Sales|||||64,863|236,932|
|Rents payable|||||29,826|20,183|
|Accrued|income at year end||||2,851|8,210|
|Loan outstanding
to Christian||Centre (Humberside)|Limited|at year end|125,141|107,035|
|Trade creditors at year end||||||6,055|
##
|||2021|2020|
|---|---|---|---|
|||F||
|Donations|made|18,000|18,000|
##
##
|||||2021f|2020|
|---|---|---|---|---|---|
|Sales|||||5,623|
|Purchases|||||16,007|
|Bad debt provision|||||270,000|
|Trade creditors|outstanding|at|year end|270,000|270,000|
|Loan outstanding|to T P Dibdin||Limited at year end|200|200|
|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||F||
|Loan|outstading|to|Mr|Dibdin|at|year|end|31,799|22,477|
||||||2021|2020|
|---|---|---|---|---|---|---|
|Sales|||||437||
|Purchases|||||12,394||
|Management|charges payable||||58,800||
|Consultancy||||||118,892|
|Commissions|payable||||57,650||
|Trade debtors|outstanding||at year end||15,000|140|
|Trade creditors||outstanding|at year|end|94,755|18,830|
|Loan oustanding||from J 8|VA Dibdin|Limited at year end|157,090|147,530|
##
|||2021|2020|
|---|---|---|---|
|||F||
|Sales||2,352||
|Rents|payable|38,707|59,481|
##
||||2021|2020|
|---|---|---|---|---|
||||F|E|
|Bad|debt|provision|10,450|800|
||||2021f|2020|
|---|---|---|---|---|
|Bad|debt|provision|9,050|27,400|
||||2021|2020|
|---|---|---|---|---|
|Sales||||1,500|
|Bad debt provision||||33,000|
|Loan oustanding|to lmmingham|Port Storage at year end|4,500|4,500|
##
##
||||2021|2020|
|---|---|---|---|---|
||||E||
|Sales|||2 722|9,752|
|Purchases|||2,083|2,083|
|Trade debtors at year end|||1,752||
|Trade creditors at year end||||450|
|Loan outstanding|to IIE Management|Limited at the year end|2,264|2,264|
##
|||2021|2020|
|---|---|---|---|
|Consultancy||18,000|19,800|
|Trade debtors outstanding|at year end||1,800|
|Trade creditors outstanding|at year end|3,600||
|Accruals at year end|||1,500|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||F||
|Consultancy||||19,500||
|Accruals oustanding|at year end|||1,500||
|The Estate of T P 8,|D Dibdin|||||
|Estate of the parents|of Mr J Dibdin|8 Mrs C Barnett.||||
|During the year, the|group entered|into the following|transactions|with the estate of T P & D Dibdin.||
||||2021f|2020|
|---|---|---|---|---|
|Bad|debt provision||16,952||
|Loan|oustanding|to T. P. Dibdin|11,483|11,483|
##