| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 8 |
| Statement ofFinancial Activities | |||
| Statement ofFinancial Position | 10 | ||
| Statement ofCash Flows | |||
| Notes to the Statement ofCash Flows | 12 | ||
| Notes to the Financial Statements | 13 | to | 19 |
| Detailed Statement ofFinancial Activities | 20 |
| for the | Year Ended 30June 20 | 20 | ||||
|---|---|---|---|---|---|---|
| 30/6/20 | 30/6/19 | |||||
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | ||||||
| INCOME | AND ENDOWMENTS FROM | |||||
| Donations | and legacies | 207,080 | 241,762 | |||
| Investment | income | 155,149 | 300,622 | |||
| Total | 362,229 | 542,384 | ||||
| EXPENDITURE ON | ||||||
| Charitable | activities | 4 | ||||
| Advancement ofeducation ofchildren |
and young | |||||
| people | 81,255 | 112,748 | ||||
| Other | 9,283 | |||||
| Total | 90,538 | 112,748 | ||||
| NET INCOME | 271,691 | 429,636 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 5,899,478 | 5,469,842 | |||
| TOTAL FUNDS CARRIED FORWARD | 6,171,169 | 5,899,478 |
| Statement ofFinancial Position | |||
|---|---|---|---|
| 30June 2020 | |||
| 30/6/20 | 30/6/19 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 10 | 292,346 | 296,692 |
| Investment property |
11 | 5,533,937 | 5,481,385 |
| 5,826,283 | 5,778,077 | ||
| CURRENT ASSETS | |||
| Cash at bank | 351,066 | 578,075 | |
| CREDITORS | |||
| Amounts falling due within one year |
12 | (6,180) | (456,674) |
| NET CURRENT ASSETS | 344,886 | 121,401 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 6,171,169 | 5,899,478 | |
| NET ASSETS | 6,171,169 | 5,899,478 | |
| FUNDS | 14 | ||
| Unrestricted funds |
6,171,169 | 5,899,478 | |
| TOTAL FUNDS | 6,171,169 | 5,899,478 |
| 30/6/20 | 30/6/19 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated fiom operations | 331,838 | 473,692 | |||
| Interest paid | (9,199) | (19,069) | |||
| Net cash provided by operating activities |
322,639 | 454,623 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed | assets | (47,245) | (101,348) | ||
| Purchase ofinvestment property |
(52,552) | (460,048) | |||
| Interest received | 149 | 622 | |||
| Net cash used in investing | activities | (99,648) | (560,774) | ||
| Cash flows from financing | activities | ||||
| Loan repayments in year |
(450,000) | ||||
| Net cash (used in)/provided | by financing | activities | (450,000) | ||
| Change in cash and cash | equivalents | in | |||
| the reporting period |
(227,009) | (106,151) | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 578,075 | 684,226 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
351,066 | 578,075 |
| Notes to the Statement ofCash Flows for the Year Ended 30June 2020 |
Notes to the Statement ofCash Flows for the Year Ended 30June 2020 |
||||||
|---|---|---|---|---|---|---|---|
| RECONCILIATION | OFNET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | |||||
| 30/6/20 | 30/6/19 | ||||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | ||||
| Activities) | 271,691 | 429,636 | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 51,591 | 52,357 | ||||
| Interest received | (149) | (622) | |||||
| Interest paid | 9,199 | 19,069 | |||||
| Decrease in | debtors | 25,000 | |||||
| Decrease in | creditors | (494) | (51,748) | ||||
| Net cash provided | by | operations | 331,838 | 473,692 | |||
| 2. | ANALYSIS | OF CHANGES | IN NET FUNDS |
| At 1/7/19 | Cash flow | At 30/6/20 | ||
|---|---|---|---|---|
| Net cash | ||||
| Cash at bank | 578,075 | (227,009) | 351,066 | |
| 578,075 | (227,009) | 351,066 | ||
| Debt | ||||
| Debts falling due within | 1 year | (450,000) | 450,000 | |
| (450,000) | 450,000 | |||
| Total | 128,075 | 222,991 | 351,066 |
| 3. | INVESTMENT INCOME | ||||
| 30/6/20 | 30/6/19 | ||||
| Licence income | 155,000 | 300,000 | |||
| Deposit account interest | 149 | 622 | |||
| 155,149 | 300,622 | ||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||
| Direct | |||||
| Costs | |||||
| Advancement ofeducation |
ofchildren | ||||
| and young people | 81,255 | ||||
| 5. | SUPPORT COSTS | ||||
| Governance | |||||
| costs | |||||
| Other resources expended | 9,283 | ||||
| 6. | AUDITORS' REMUNERATION | ||||
| 30/6/20 | 30/6/19 | ||||
| Fees payable to the charity's | auditors for the audit ofthe charity's | financial | |||
| statements | 4,000 | 4,000 |
| COMPARATIVES F | OR THE STA | TEMENT OFFINANCIAL AC | TIVITIES |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
241,762 | ||
| Investment income |
300,622 | ||
| Total | 542,384 | ||
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Advancement ofeducation ofchildren |
and | ||
| young people | 112,748 | ||
| NET INCOME | 429,636 | ||
| RECONCILIATION | OF FUNDS | ||
| Total funds brought | forward | 5,469,842 | |
| TOTAL FUNDS CARRIED FORWARD | 5,899,478 |
| 10. | TANGIBLE FIXEDASSETS | |
|---|---|---|
| Fixtures | ||
| and | ||
| Fittings | ||
| Cost | ||
| At 1 July 2019 | 426,422 | |
| Additions | 47,245 | |
| At 30June 2020 | 473,667 | |
| Depreciation | ||
| At 1 July 2019 | 129,730 | |
| Charge for year | 51,591 | |
| At 30June 2020 | 181,321 | |
| Net book value | ||
| At 30 June 2020 | 292,346 | |
| At 30June 2019 | 296,692 | |
| 11. | INVESTMENT PROPERTY | |
| Fair value | ||
| At 1 July 2019 | 5,481,385 | |
| Additions | 52,552 | |
| At 30June 2020 | 5,533,937 | |
| Net book value | ||
| At 30 June 2020 | 5,533,937 | |
| At 30June 2019 | 5,481,385 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YE | AR | |
|---|---|---|
| 30/6/20 | 30/6/19 | |
| Trade creditors | 494 | |
| Other creditors | 6,180 | 456,180 |
| 6,180 | 456,674 | |
| LOANS | ||
| An analysis ofthe maturity ofloans is given below: | ||
| 30/6/20 | 30/6/19 | |
| Amounts falling due within one year on demand: |
||
| BCFPension Fund loan | 450,000 |
| MOVEMENT | IN FUNDS | ||||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1/7/19 | in funds | 30/6/20 | |||
| Unrestricted | funds | ||||
| General fund | 5,899,478 | 271,691 | 6,171,169 | ||
| TOTAL FUNDS | 5,899,478 | 271,691 | 6,171,169 | ||
| Net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 362,229 | (90,538) | 271,691 | ||
| TOTAL FUNDS | 362,229 | (90,538) | 271,691 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1/7/18 | in funds | 30/6/19 | |||
| Unrestricted | funds | ||||
| General fund | 5,469,842 | 429,636 | 5,899,478 | ||
| TOTAL FUNDS | 5,469,842 | 429,636 | 5,899,478 | ||
| Comparative | net movement | in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 542,384 | (112,748) | 429,636 | ||
| TOTAL FUNDS | 542,384 | (112,748) | 429,636 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1/7/18 | in funds | 30/6/20 | ||
| Unrestricted | funds | |||
| General fund | 5,469,842 | 701,327 | 6,171,169 | |
| TOTAL FUNDS | 5,469,842 | 701,327 | 6,171,169 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 904,613 | (203,286) | 701,327 | |
| TOTAL FUNDS | 904,613 | (203,286) | 701,327 |
| for the Year Ended | 30June 2020 | |
|---|---|---|
| 30/6/20 | 30/6/19 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Donations | 207,080 | 241,762 |
| Investment income |
||
| Licence income | 155,000 | 300,000 |
| Deposit account interest | 149 | 622 |
| 155,149 | 300,622 | |
| Total incoming resources | 362,229 | 542,384 |
| EXPENDITURE | ||
| Charitable activities |
||
| Establishment - other |
20,364 | 34,940 |
| Bank charges | 101 | 82 |
| Fixtures and fittings | 51,591 | 52,357 |
| Interest | 9,199 | 19,069 |
| 81,255 | 106,448 | |
| Support costs | ||
| Governance costs |
||
| Auditors' remuneration |
4,000 | 4,000 |
| Accountancy and legal fees |
5,283 | 2,300 |
| 9,283 | 6,300 | |
| Total resources expended | 90,538 | 112,748 |
| Net income | 271,691 | 429,636 |