REGISTERED COMPANY NUMBER: 03590949 {EnglAnd and W<rsl REGISTERED CHARITY NUMBER.. 1074480 REPORT OF THE TRUSTEES AND UNAUDITED FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 y2021 FOR LIGHT ON THE MOUNT Watts Gregory LLP chartèr Ae(I)unnL Elfed House Ck Court Cardrff Gale Busin&s Park CARDIFF County of Cardiff CF23 8RS
UGHTON THE MOUNT CIJ4TENTS OF THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MAY2021 Pa Report of th• Tnmte Ind•p•ndent Examln•rf$ Report Stat•m•nt of Flnanclal Aetlvlt BalWn Slwt Notes to the FIMncSal Ststemerts 7 to 14 Detsued Ststement of FInal•l Aetlvltl•g 15 to 16
UGHTON THE MOUNT REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 MAY2021 The trusiees, are also direct¢ys of the charity for the purposes of Ihe Corry)8nles Act 216, present their POrt with Ihè financial slat8m&nlS of Ihè charlty for the y&ar ènded 31 May 2021. Th8 tnjslees have adopted th& prOSlon$ Aecounts"ng and Reportsng by CharilEs". Slatemert of Recommen¢Jed Praetiee applicable to charils prepariNJ Ihelr aco)unts in 9OrdanCe wlth the Financial ReporNng Stsndard applcable in the UK Republlc of Irebnd IFRS 1021 leffecte 1 J8nuary 20191. OBJECTIVESAND ACTMTIES Objecthtes and alms The tharitV8 cbject and pdndpal 1Vity conbnues to be the advanMent ol the ChristL8n farth wlh parb'cular emphasis on the provi8trn of lrterature and other forms of cx)mmun8th.on. This objed is mei through the operati) of Christi8n bookshops trading under the name BOOKS Plus in the concourseol hosytals. charity is ¢xoanised so that the trustees rr1 regulady to manage iLs aff3irs. AJI slaff are eryloyed in dtr1 charilable acbviles. Publk benellt The trLJStees rAn u>nfim thAt thèy hAve compld wrth the duty in Sacuon 17 of thè ch8dts.es Acl 2011 to havè duè rÉg8rd to publk benefit gué8nce puNi8hed by the comsSion. &gnlficant 8cbwUes th81 we undertwk dudng the pedod that den)nstrate public benefit 8re sel out bebw_ Actfvltleg The ehsrity opÈr8tès through a bookshop known 8s BOOKS Plus Canlff. Ii)eAied at tha UnIrty Hospital of W8bs, Cardiff and through ilswholly owned subsidi8rbs in Glou31er and Iprevi¢JJslyl Norwich. The performance at BOOKS Plus Cardlff has eontiryjed lo meet the chaniys obpcb've ol enhancing the caring envlronnEnl of the Univergly Hospitsl through the provlsion ol Chrlsban liter8lure 8nd related g(A)d5 atthough In a rèdu{ mannÈrdurSng 2UiO-2021. In mid-JuW 2020. as a resuM of the rewiremert from the supedor laThYlord that BOOKS PILL4 Cardlff re1Cts from Untt 6 to Unit 8 wilhin the hospital relail eoneourse bul fdk)wing somedelay as a sUPtof the Covid-19 pandemie, work to Ppare and frt Unit 8 0)mmenced in e8mest. The fil wascompleted by 30 September 2020. However. neg0b'al)ns reg8rding how mul &l1uslrrnt should be made in th& initial rent lo be tharged for Unit 8. in view of the consIder8b out1 made by BKs Plus Carflff in making gocmj Unit8. and also in viewof the uncertain impactof COV resth'ctiorts on trading v9, rèsultèd Sn an ongdng dÈlAy h Unrt 8 bets)ng fèaty lor trAJsSntss use. Because of Iht% delay, an afternatsve Iwnwrary trading venue in Dafton Street Cardiff was secured during Lgte Ncvember 2020 In-perstj) trading conwnced in tr)e run up to Christmas 2(120. On 12 Decembtt Ihe UK government required that all nonessential retail outlS aSe trading so BOOKS Plus Car¢lff. for a SOnd lime snce the cOmnMent d Ihe Covid-19 p8ndniC. was forced to cease trading in-person. However. during the of the pericAI that this report laS 10. BOOKS Plus Cardlffs online shop provided a useful presen( IradiThJ outl wh many cusionrs being seNed through onyvanent delklery 8rr8ngemenls. COTrwrEncent of tr8ding within Un 8 VAII be the subject of the 2021-2022 rèport. The whdlyowned subsSdl8ry. BOOKS Plus Glouc•ster Ltd h85 trad8(15uttÈssfvllydurSng Ihe ye8r wSlh leww re$eOn$ imposed by the govemment and hospilal in EngIlJ. Slaff at Gloucester have worked hard runni an ellective operali with the shop ¢(lInUIng lo trade al higher levels than in Cardiff because ol Icger perh$ of pemitted trading. The opèralon will rerK)rt a tethnieAI tradiig loss for 2(Y20-2021 berAusè of the èrreet of the Covid-19 dem, all othèr thlngs being equal. The intercharoe of kThge an¢J expertse betsyeen slall in Gloueester and Cardiff ccnlinuts to have gnlfic8nt benefms for both centres wlth integr8led use of Offre365 as well as 0)-use of acccuntiry and EPOS systeff6. Plans to integrate tt)e Nvo fir£nce teams Inlo one finarte team serving both shops remained on hol¢J durin9 202¢>2021 because ol the pandemk. BCQKS pl Nornfkh Ltd remainsdMant, wlth ¢)plior6 b recommen at 8on stsge in the ftjture elther in NOrwh ¢x at a hosp11 In Ih81 part of the o)untry. Page 1
UGHTON THE AIOUNT REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 MAY2021 RNANCL4L REVIEW The resufts for the yr are summ8rised In the ststent of Flnanaa ActiMJes. Net assets and unrestricted reserves nUmt 10 £39.083. A pdor year adjustment has been made lo renM)ve aco)unlng entries for Volunteer tsme, that had teen re(ognlsed wh1n donat'on income in the 31 May 2020 financiql slalemwls. The adjusbnenl lo the 31 May 2020 eomparab've ¢Jata has resulted in 8 reduction lo donats'on ino)me reForled of £34,397, wrth an equa reducbon lo Direct o)sts 'use of voknnteer me. Thè adlustmènt has not rèsulÈd In an amèndmènt to thè nèt h¢unÈ rwrtèd or Balants Shèèi On. Reserves polky SuffiiJenl $Èe5 are held b support the conlnuatbn of the actitY the short-tem & 8 number of Indlviduas 8nd churches have supported the work during the year. Fun¢Jraisng relab'ng lo the provision of the reWed and refitted sfv)p n C&rdrffll o)nYnenc at tKJinl BOOKS Plu$ Cordlff re0r In Unit 8. Increa&ng supwrt for Ihe work remalns 8 priority lor the fubjre d the charity with new 8clivity.es being considered and Whi the financial dimate ranains somewhat dIffutt. Reserves are held to enjre the (h8rity i8 well Pla to fubjre dem8nds on Its resources. The trustees nS#er the level of reserves lo be 8dqu81e. FUTURE PLANS The trusteès exKTreet to m8lnraln 8dvrty at thè Unl¥ÈNiy Hospilal ol Walès VIA BOOKS P$ Canlff In Unlt 8 of thè hospital's main entranie and ccncourse. The trwtees wll have as major forjjs engagent and fundraising as the charity fin8llses the tJ8ns for openlro the new shop. Me85ures lo redu operalng cr6ts 8re b8ng pursued 8S Ferl of the ongoing approach tsken by the d)arily. A subsl3ry eharrty BOOKS Plus Cardlff LIMed has been &tablished to Fndle the oper8lon of the nyni5ty in C8rdlff. Currendy thi5 charity is domi8nt because of the imp8d of Ihe pandeC on openir¥J lor tradng BOOKS Plus Cardlff In Unlt 8. The Iwstees 8re contirnjing to explore. with key supwrters. ways to exp8 this work. The FM)ten181 for 8 8OC(S PIUJ projeet being establis at a healheare k)cation in Peftt)rOkeShi ManS a realist'c possibilty and some work is UndeaY wtth a th81 sleerhg group. The abllity to deTrnStrate both in Cdf and GIJster that the mknlstryltrading nw)del 18 SU8t8inatle, ranains 8 key emènt of thè d)arftys stratè9y. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•rnln9 d¢xum•nt Light on the Mount is a compBny linlted byguAranleeand a registered eharity. Thecharity iscontrdled tw its MemoroThJum and Arbdes 0[AsLtion. Recrultment and appolntment of new trustees The formal mellyxl ofapptsints.ng trusleès is eimt8in thIn tra thnsts"lulon ol thè charity- Nèw trus1É are Appolnted by fi)mial resdutbn ofeSIng trustees. New trustees are irained by other trustees the charity's Magement staff lo become familar wth the tharity s Obj%S, constrtubon. menN)r8nd8 andarticles ol incnrFM)r8Uon, their al dUtS as trust, bu&ness, finan and other latèd oK*rAts"onal mattèrs. REFERENCE AND ADMINISTRATIVE DETALS R•glst•r•d Company numb•r 03590949 IEngland and Wales Redstered Chartty Nmber 1074480 Reglstered offke 7b HighfiÈld Road Cardiff CF14 3RE Trustees C J Gra¥Ès A S DLbljevic IPDon8 Ch8lr Page 2
UGHTON THE MOUNT REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 MAY2021 REFERENCE ANO ADMINISTRATtVE DEfALS Company S•erntary A S Dubljevic kndependènt Examlnfrr Watts Gregory LLP Chartered Accountants Elfed House Oak Tree Ctyjrl Cardiff Gale sInesS Park CARDIFF County ol Cardiff CF23 8RS Baer$ CAF Bank 25 Kings Hill Avenue Kings Hll West MalllrYJ Kent ME194JQ saniaer UK plc Mersede GIROAA This report has been Prepa In a(Lordan(e the spedal prO510n$ ol Part 15 of Ihe comleS 2C¥J6 Telalng to smai eompAniès. Approvèd by ordèrol the Board ol Trusrèès on.....171h February. 2022 . and sSgned CA) St4 bèhalf by.. C J Graves - rusloe Page 3
INDEPENDENT EXAMINER'S REPORT TO THETRUSTEES ( UGHTON THE MOUNT d•penthnt oxamlnerf¥ reportto the trugte•s of Llght On The Mount Dh• Company I report to the Charity trustees on my examinaion ol the 8c£oun& ol tl Company br the Yearee 31 May 2021. R•sponslbllMl&s and bakls ol report As the ehantys Irusiets of the Company land also Is direcb)rs for the purposes ol cthnpany law) you are ponSble fry the prep8ralon ol the a(Lourts n a(cordan(e th the rewiremerts of the COmpanS kn12(Th Cthe 2006 Act'l. HOng satbfied my8elflh8t the accounts oflhe Company are not required to be &dited under Part 16 olthe 2C(6 Act ar are eliglble lor independent ex8min8bon. I rèport in reSl of my examSnatSon of your tharSlls 8ixountS as fArrl8d OLJI under stion 145 olthe Charits'es Act 2011 nhe 2011 l. In Carng out my examiation I have fdk)wed the Drecl'or glven by the Charity Comm15on undersedon 145151 Ibl of the 2011 knt. kndependènt examlner's Ststement I h8V& i)mpted my examn8bon. I cDnfim It¢t no mallets have me b) my 8#entSon Sn ttJnne¢tk)n wtth the exarrin8tion giving cause lo bdieve.. Aeefjunts"ng records re not kept In r•sl of the C(mp8ny as required by s8dlon 386 01 tr)è 20( ACL or the aco)unts do not accord with those reo)rds,' or the 8ccounts do not cxTrrnpty with Ihe 8co)unlng requirennls of sOn 396 of the Act other Ih8n any requremenl that the cOunts 9ive a tre and lairvEw whkh is not a matter o)nsbJered as part ol an independl examinatson,. or the &1)unt8 havè not beèn prèparèd in se)rdn( wrth thè methi)ds and prinf#plès of thè Ststèmènt of Re¢nThlered Prac for 8co)unling and rerI.ng by th8ritEs18pplicable to ch8rrties preparng their 8c(oJnts kn a¢0)rd8n wilh the Financial Reportsng Stsnd8rd 8PFAic8ble in the UK and Republlc of Ireland IFRS 10211- I h8ve no concems and halt c¥)me aGTOSS no other matÈrs In COnnOn wtth the exanlnalon to vthkh atten should bè drawn In trls rèport In ¢ydèr to •nae a prow urnlèrstsndlro of aei*AJnts to rè&hèd. Julia M)rtinEr FCCA Watts Gre90ry LLP Charterefl ACnInIS Elfed HoLJse Oak Tree Court Cardiff G81e sinesS Park CARDIFF County ol Cardiff CF23 8RS Date.. 24 Fobruary 2022 Page 4
UGHTON THE MOUNT STATEMENT OF FINANCiAL ACTivifiES IINCORP(JUTING AN INcE AND EXPENOITURE ACCOUNT) FOR The YEAR ENDED 31 MAY2021 2021 Unrestrttéd funds 2020 Total fijnds reststed Notes INCOME AND ENDOWMENTS FROM DOnaOn$ and lègAdès 20,589 70,891 Charltsble acthttles Sale of Chnsli8n literature 13,929 122,886 Inve5trnent income Qher ncome Tot*1 37,526 196,781 EXPENDITURE ON Charltabbè aetfvttl•s Sale of Chdst18n Ilterature 60,261 162,935 NET INCOMEIIEXPENDITUREI 122,7351 33,846 RECONCILIATIIX4 OF FUNDS Totsl funds tfOUghtf(Yward 61,818 27,972 TOTAL FUNDS cRIED FORWARD The notes fum part of Ihese fln8na81 Ststents Page 5
UGHTON THE MOUNT BALANCE SHEET 31 MAY 2021 2021 UnfeStrted ftjnds 2020 Totsl fijnds Notes RXEDASSErs Tangible assets Investhènts 13 14 95,769 13 22,910 13 95,782 22,923 CURRENT ASSErs St( Debtors Cash at bank and in tond 15 16 43,621 7,203 41,090 5,993 68,489 65,934 CREDITORS Am(MJrnS falling duè thrn onè year 17 1125,188) I27,0) NCURRENT ASSErs TOTAL ASSEfs LESS CURRENT LIABIUTIES 39,083 61,818 NAss5 39 083 FUNDS Unrestricted ndS 19 39,083 61,818 TOTAL FUNDS The eharitBble o)mpany Ls entillbj to exetrwtlon frcrn Audit under Section 477 of Ihe Companies Aet 2c6 f the year ended 31 May 2021. The members have not company lo obtaln an audtt ofits fn8ndal st8leMts lor the yew eThJed 31 May 2021 n Swordae S¢ctSon 476 of the Corrpanles P£t 2CHJ6. The trteeS 8cknowledge ther responsibilities lor •nring tttai Ihe thari18blè eonyany kéèps A(£ounts"ro rÉfA)rds that Comply wrth Sèctlors 386 a)d 387 01 the Companies Act 2006 and prepadng fInCLaI statements whlch give 8 true 8nd tsir wew of the stsle of 8ff8lrs of the th8ritsble company 85 al tt)e end of each financial year ol ils surplus or ¢Jefial lor each financ4al year in aceordanee witr) the requrements of Secb'ons 394 and 395 and which otherwise comply wilh the requirerrents of the Companies Ad 201E rèl8ts.ng to fi13neL41 stèM&nL8, so f8r as applt8Nè thè tharrtab (%)MNY. Ibl These financial stslements have been Prepa in accordan the provlsions applrabb b) cha1ae corrpanles gjbject to the small conyanEs regitrE. 17th February 2022 Thè fSnartial StAmenL% wèfèApprovÉd ty Ihè Board rfTrusttss And authoré br on.... and igned on its behalf by.. CJGr . TruslÈÈ The notes fum part of Ihese fln8na81 Ststents Page 6
UGHTON THE MOUNT NOTES TO THE FINANCLAL STATEMENTS FOR ThE YEAR ENDED 31 MAY2021 STATUTORY INFORMATION Light on the VK>unt IS 8 Wisteful charity and wivate mpY Imkeil by gLBr8ntee haviry no Sha cawld. h is Incorporated in Wa$ in the iknited Kirydom. The regtered offi(£ is 7b Huhrie Road, He8th, C8rdiff, CF14 3RE. The nature ol the tharitab eoN¥)anYs Operatio and pre4paI activits.es are disdose(I withii the Rq)ort ol the Trustees. The financial slatents are presented In Sterlng 1£), the eharitatle comFeny's fijnctional oJrretKy, and rounded lo the ne8resl wuTrJ. The sonificanl accountsng 1leS apFlied li the preparab'on ol IFEse finatxKql statements are sel out below. These TrIk5 h8ve been nsIsteOYapP1Ied lo all years presented unless 01h8Thse stated. ACCOUNTING POUCIES Baslg ol prep•rlng the flnanclal staternts The financial sl8tÈments of Ihe ch8ril>le o)mpany. wN¢h 5$ 8 public beneftt enllty under FRS 102. h8ve been preparefl in accordance ilh the Charits"es SORP IFRS 1021'Accountsng and ReForts"ng by Charitses". Statennl of Recommended Practre 8PFIic8ble lo charitS prepariry their aco)unts M aordanCe wlh the Finarrial ReFM)rting Siand8rd applicAb in Ihe UK and Rttpubl of IrelÈnd IFRS 1021 leffeetive 1 January 20191., Fin8nelal Reporting Sl8ndwd The Fin8ncAal RepcTrrtng Standard applic4b in the UK and Republic ol Irel8nd' bhe Companies Aci 2006. The linand81 sl8temen¢s h8ve been prep8red under tke hbtorical o)st cDnventlon. There ha¥t been no material depaTe5 from Finand81 Repong Stsndard 102. rx+lrq COnM The trwlees are s8bsfied ¢h8t despMe the Coron8vlrus pandemr, tt is 8ppropriate for the ch8rlt8bb company s finanaal sLqlements to be prepared a goiTh) nC£M bays. The trustees have lak asOnable steps lo minimise the effect on the ch8rilable company and will conb'nue to do . In the circumstan5 they have concluded that no 8djustm?n150r xddib"on81 disclosures are requlred kn the finebl sl8teffnts al time. Incun AJI Inix)me Is reeognised #) the Statement of FlnaneKql ACtlIeS orte thè eharrty h8senllUement to the lunds, It probab thal the In(ome wil be received, and the amountcan be measjred reliably. Donalons and legacies incon indudes donat'ons and gifts that proVe core fvnding or are ol a general nature 8ndare reixM3nSsed where there is entMlunenL prcb8bllity of reIpt 8nd the amunt Gqn be measured wrthsLJffn¢ relia)Ility. Such infx)me s fx)ly deferfftd when Ihe donor speafies il nMJSt be us&1 In future aett>uniin9 per11$ or the domr has Imws&J condth)ns which Trwst be mel before the charity h8s uncondilon81 entttleTrnt Inccrne IromchAdt2Ne octwibes Indudes income r1¥ from Bookshop sales. Thig ino)me s recognised atthe tKTrint of sale_ Investrnerrt ino)me Is recognised on a eatIe tesi4. tt is not the polity of Ihe eharrty to show incomiry rewjrces net of expendlure. Expènd+ Liatilitses are reojgnlsed asexpendtture assoon as Ihere Is a legal or nStructive oNigationcot7wnltting the charity to thai exp8rditurè. l is probable that a transfèr olÈth)nom benefiL% wil bè requrtd in settment snd thè anKTrunt of the obligation can be measured reliably. &Xpendire is accounted for C an accruaLs basis and has teen clasgfied under he8dngs th8t aggregate 811 cost re181ed to the category. Where costs cannol be direcyy 8ttributed to P8rts"(yJlar headings they have been auocated to actfvlies on 8 basis consistent VAlh the use of restyjrces. Charitsble 8xp8ndlture ctrnprists thos& i>)SLs ineurred by the chatty in th8 deliv8ry of its acbviU8s 8nd SÈ5 for its befh?fS.1l includes both o)sts that can be allocated drecdy lo activities and those cc6ts olan indirect nare nesSary to SUPF¥)rt ttrem. SupFM)rt o)sts are those (osts IhaL whibl necessary to delver an actwity, do not themselves pro(lJce or cS'Iute the outpulof the ch8dl3bl8 Èctwtty. Thls Ineludes vernanCe c0615whith are those costs assw8tgY wrth tIn9 the consbtuts.onal and statutory requrements ol the charity. Page 7 continued...
UGHTON THE MOUNT NOTES TO THE FINANCLAL STATEMENTS- Contlnued FOR ThE YEAR ENDED 31 MAY2021 ACCIXINTING POUCIES.contknued Tan9ts fix•d asmts Fixay assets are inMialy recorded atcost t)eprecaalon Is provided at IIE fo11thng 8nnu81 rates In orthr to write off eath asset over Its usefijl otK)m1C Ilfe. Lea8ehohJ impro¥ements Fixre$, fttings and equlpnnt The Shotsr of 10% or over the remainino term of the lease 4- 10 years siraighl Ine Flxed asset Imi$tmffits Fix1 8SSet inve5¢ffen¢$ 8r8 rer(led al¢osl bss 8ny provSslon requk41 br dSminubon in v8kJe. Stocks Siocks 8r& Valu at thè lowèrof (x%t and nèt re8lis8blè value, after Man9 due 8low8nce fr)r alett and sk3w nTh)ving items using the FIFO StkvalUatIon TrthcMJ. Taxatl¢)n The charity Is e<eTryt from c¢)rporalon tax cm its tharitsble 1VIl&. Flnanclal Irratnjments The charity only has fin8nd81 assets and firencbl 18bllttles of a knd Ihal qu8ify as b8C fin8naal InstrunEnts. Bagc financial instr(ments are initialty reccgnised at transaction value and subsequenly meagjred at thek settleTrEnt V8lue. Trade debtrs and other debtors a rwnised al the Set0ent amowt due and prepayments are valued at the anTh)unt prepald. Creditors are rogniSed Wre the chadty has a presenl obligalk)n resufting from a past event that will protebly rèsult in Ihè transf8r of hjnds to a thlrd paty and Ihè An*)unl duè to gett oblSg8Uon t2n bè mèasured or estimated reliabty. Creditors a nomaly rogniSl at their Settment at7Ksunl after allowng lor any Irad i$LnL8 due. Fund accountlng Unrestncie(I funds Can be used In hccord8nce with the charttae objeetwès at the discrdlon of the trustees. Restrtted fUS e2n only be us8d for partithlar restrictsd purposes wSthin the obleds of thè th8rSty. Restrfdon8 arise when spècified by the donor or when funds are raised for parti(xJLqr restdctdl purwsès. Furthèr expLqn8ticn of the nAtsJre And Purp of 8Èch furd is indude(I In thè notès lo the nnAndal statèmènts. Htr¢ purch9 afKI Ioaskng c(rfnmllrnents Rentsls paid under oreraling aseS are ehar9ed to the Statement ol FinancBI Actil on o straight Ilne basis over the peri&J of the lease. P•nsk•n eosts and oth•r post4etlrnment beneffts The chadt8tle o)mp8ry qier8tes 8 defined contribulon pertslon 5cheffe. Contributiors pWab to the th8ritsb companfs ns)n scheme are Charged lo the Statetwit of Finartia kivities in peri to which they relate. Page 8 continued...
UGHTON THE MOUNT NOTES TO THE FINANCLAL STATEMENTS- Contlnued FOR ThE YEAR ENDED 31 MAY2021 DONATNs AND LEGACIES 2021 2020 reslate Gifts and donalons Grants 3,272 43,531 20,589 70,891 (>Bnts r1ved, induded In Ihe above, are as fdlows.. 2021 2020 Cardiff nty CtyJndl- Small businèss grant Job Retent'on Sche 25,LKK) 17,317 27,360 VESTMENT NCOME 2021 2020 Trading Sud18ry donalon 4COME FRThI CHARITABLE ACTMTIES 2021 2020 Bcokshop sales 122 886 CHARITABLE ACTIVITIES COSTS Dirèel pport Costs costs (See note 71 (See no¢8 81 Tols Sale ol Chrislk8n liter8tu 44,226 16,035 60,261 DIRECT COSTS OF CHARABLE ACTIVITIES 2021 2020 reslated Stsff costs Rènt Rates servi th8rges Cost of bod(shop sdes Travel and subsislen Other staff & ¥oluntÈèr costs 33,147 32,266 25,183 3,638 11,415 76,479 9,913 74 44,226 149,924 Page 9 continued...
UGHTON THE MOUNT NOTES TO THE FINANCLAL STATEMENTS- Contlnued FOR ThE YEAR ENDED 31 MAY2021 SUPPCIIT COSTS &)vèrn8rneè cos Finanee Other TotaLs Sale ol Christiqn lileralure 275 8,920 6,840 16,035 knchjded withkn sjpport ujsts are fees payable lo the independert ey2miner of£125012020'. £12501. TRUSTEES. REMUNERAnON AND BENEFrrs There were no trustees. renMJneratbn or other beneflb for the ye8r ended 31 May 2021 or for the year ended 31 May 2020 Truste•g' •xpens•g There were no truses' expenses for year end8J 31 May 2021 orfor Ihe year ended 31 May 2020. 10. STAFF COSTS 2021 2020 Wages and S8rES Other pensDn o)sts 32.182 965 31,358 908 33,147 32,266 The average monthly number of empbyees duriThJ the yr was as fc4bws'. 2021 2020 Avèraje èmployèès No empk)yees receibtd etTr)luments In excess of £60,(IXJ. 11. COMPARAT5 FOR THE STATEMENT OF FINANCIAL AcTIVlEs Al ir¢on and expendtture in Ihe ytr8r ended 31 May 2020 was unrest18(1. 12. PRIOR YEAR ADJUSTMENT A prh)r year 8dlusknenl h85 been mBde to remove a0untIrE enldes br vdunleer Ime, that had been renISed thin donabon iictyne, in the 31 May 2020 linaneial statements. Thé adpstmènt to the 31 M8y 2020 (x>mpar8tlvè data, has rtsultèd in a re10n lo don8tkM ir£omè rerta or £34,397, with a) equal reductv)n to Direct costs 'use of vdunleer bme,. The adpstn*nt has not resulleil in an amendment to the nel ineome reported or Baknee Sheet p"th)n. Page 10 continued...
UGHTON THE MOUNT NOTES TO THE FINANCLAL STATEMENTS- Contlnued FOR ThE YEAR ENDED 31 MAY2021 13. TANGIBLE FIXED ASSETS Flxtures. fittings & eqUipMt Lèasehold improven*nts TotaLs COST At 1 June 2020 Addilons Dsposah 65,065 71.954 4T,2) 19,351 1.846 12,038 84,416 73,81M) 59,334 At 31 May 2021 89,723 9,159 98,882 DEPRECIATION At 1 jur 2020 Charge for yèar Inated on dBpos81 47.296 14.210 941 12,038 61,506 941 At 31 May 2021 NEf 8OOKVALUE At 31 May 2021 At 31 M8y2020 14. FIXED A&8ET INVESThIENTS Shares in group undertan COST At 1 June 2020 and 31 May 2021 13 NET BOOKVALUE At 31 May 2021 13 At 31 M8y2020 13 There were no IrNestrnent 8S8etsoUte the UK. The conwnls investrnents at the balanee sheet date in the Sho cltl of conwnles kndude the Idb)wn9'. Books P$ G1c•st•r Lknlt•d Nabjre ol blre$S.. Bookshop Class of share.. Crdknary shares hotsjing 1(M) 2021 2020 gwatè car131 8nd rèsèrvÉ& Profit br the y&r 62.528 64,108 Page11 continued...
UGHTON THE MOUNT NOTES TO THE FINANCLAL STATEMENTS- Contlnued FOR ThE YEAR ENDED 31 MAY2021 14. AXED ASSET INVESThIENTS Books Plus Cardlff Llmlted Nature ol bLsiSS. Dormant o)mpany Class of share.. Crdinary shares hokling 1C Books P$ Norwkh Lknlted Nabjre ol blre$ tN)m8nl o)mp8ny Class of share.. Cdkn8ry sh8res hohjing 1C(I 15. STOCKS 2021 2020 Stocks 43,621 41,09) DEBTORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 2021 2020 Oiher debtors VAT PrèpaymènL% And AttruÉd Ina)n 1,857 2.157 1,814 1.454 7.203 5.993 17. CREDrroRS: AhlOUNTS FALUNG DUE WITHIN ONE YEAR 2021 2020 Tr8d¢ eredltors Soci81 security and other 18XeS Other credrtofs knruds and delerre(1 Sn¢ome 5.055 607 112,469 4,179 205 17,198 125.188 27,039 18. SECURED DEBTS 2021 2020 OthèrcrÈdtt¢)rs- loan The abobt108n Is secL d by way of a flxed and floabng charge over the &sels ol tlp company. Page 12 continued...
UGHTON THE MOUNT NOTES TO THE FINANCLAL STATEMENTS- Contlnued FOR ThE YEAR ENDED 31 MAY2021 19. MOVEMENT IN FUNDS Nel movemait In fwds At 3115121 Al 116120 UMe$trfcted fund# Gèneral fijnd Designated fund- new br8nthes 122.715) 33,769 5,314 5,314 61.818 22.715 39.083 TOTAL FUNDS Nei nb)vemenl In fvnd5, indude(I In the 8bo¥e are 85 follows.. Incoming resouris Resources eXnde(j MoveffEnt fvnds Uffestrlct•d furnlg General fijnd 37,526 160,261) 122,735 TOTAL FUNDS Cthnparatlv lor mo¥•m•rt In funds Nel movemait In fwds At 311512) At 1119 Uwestrlcted fuThJg General fund Designated fund- new branthes 22,658 33,846 27,972 33,846 61,818 TOTAL FUNDS 27,972 33,846 61,818 Page13 continued...
UGHTON THE MOUNT NOTES TO THE FINANCLAL STATEMENTS- Contlnued FOR ThE YEAR ENDED 31 MAY2021 19. MOVEMENT IN FUNDS - ct)ntknu•d CompAf8iN4è nèt mvanènt In knnds IndudÉd In thè Abo¥è Èrè as folows.. Incoming resources restated Resources expendefl restated MovenEnt n$ restated Ure$trlcted fund General fvnd 196,781 1162,935 33,846 TOTAL FUNDS 162 935 D•slgMt•d lunds New branches lurd - fijnds 8r8 belng sel aide Io 8llow the tharfty to open new branches kn the ftjture. PENSION COMMrrMENTS During the year ended 31 May 2021 the charity made o)ntrbuli)ns tolaling £1,27012020'. £) to Its eMoYeeS, pension plan. A5 8131 May 2021 there were contributbns outstanding of £45612020.. £1851. 21. RELATED PARTY DISCLOSURES During the year aggregate donations of £Nil12020.' £38,040) were receed from trustees. During the year aggregate loans or £95,00012(QO.. £17.IJOOl w&e receed from trustees. Ai 31 May 2021, an anTh)unt of £112.OW IX)20'. £17.OOJI was outstanding In respeclof these108ns. Page14