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|Greenhou|se
Gas Emi|ssions, Energy|Consumption
gr Energy|Efiiciency||
|---|---|---|---|---|---|
|||||Carbon||
|||||Tonnes|KwH|
|Quantity|ofemissions|in tonnes ofcarbon dioxide equivalent||||
|resulting|fiom activities for which the||company is responsible|411||
|Quantity|ofenergy consumed
resulting||from activities for||1,996,116|
|which the company is||responsible||||
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|for tbe Year Ended 31|stAugust 2|02|0||||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||Unrestricted|Restricted|Total|Total|
|||||Notes|funds
f|fundsf|fundsf|fundsf|
|INCOME AND ENDOWMENTS||FROM|||||||
|Donations
and legacies||||2|132,490,597||132,490,597|93,248,771|
|Charitable
activities|||||||||
|Design and build ofplaces ofworship|||and||||||
|administrative
facilities|||||9,781,957||9,781,957|33,143,103|
|Investment
income||||3|1,662,538||1,662,538|1,420,942|
|Other income||||5|382 856||382 856|1,786,773|
|Total|||||144,317,948||144,317,948|129,599,589|
|EXPENDITURE ON|||||||||
|Raising funds|||||||||
|Investment
management|costs|||6|266 139||266 139|417534|
||||||266,139||266,139|417,534|
|Charitable
activities|||||||||
|Assisting Entities Overseas|||||82,954,177||82,954,177|88,613,240|
|Design and build ofplaces ofworship|||and||||||
|administrative
facilities|||||15,435,731||]5,435,731|40,041,595|
|Providing
services for|full-time ministers||||928,726||928,726|1,386,328|
|Total|||||99,584,773||99,584,773|130,458,697|
|Net gains/(losses)
on investments||||||||~93761)|
|NET INCOME/(EXPENDITURE)|||||44,733,175||44,733,175|(952,869)|
|RECONCILIATION|Oli FUNDS||||||||
|Total funds brought forward|||||148,013,537||148,013,537|148,966,406|
|TOTAL FUNDS CARRIED FORWARD|||||192746 712||192.746 712|148.613537|
##
##
|Bahknce Sheet||||||
|---|---|---|---|---|---|
|31stAugust 2020||||||
|||||2020|2019|
|||Unrestricted|Restricted|Total|Total|
||Notes|funds
f.|funds|fundsf|funds|
|FIXEDASSETS||||||
|Tangible assets|11|17,810,745||17,810,745|24,605,327|
|Investments||||||
|Investments|12|12,535,853||12,535,853|33,195,081|
|Social investments|13|460215||460,215|460215|
|||30,806,813||30,806,813|58,260,623|
|CURRENT ASSETS||||||
|Stocks|14|2,169,790||2,169,790|3,385,292|
|Debtors|15|717,544||717,544|3,283,025|
|Investments|16|157,822,012||157,822,012|276,672|
|Cash at bank and in hand||2 845
33||12145533|9863 77|
|||173,554,879||173,554,879|105,629,761|
|CREDITORS||||||
|Amounts
falling due within one year|17|(1,560,931)||(1,560,931)|(4,989,526)|
|NET CURRENT ASSETS||171993948||171993948|1011610235|
|TOTAL ASSETSLESSCURRENT LIABILITIES||202,800,761||202,800,761|158,900,858|
|CREDITORS||||||
|Amounts
faging due after more than one year|18|(6,887,256)||(6,887,256)|(7,874,623)|
|PROVISIONS FORLIABILITIES|20|(3,166,793)||(3,166„793)|(3,012,698)|
|NKT ASSETS||192746 712||192746
12|48.0 3537|
|FUNDS|21|||||
|Unrestricted
funds:||||||
|General Fund||||192746,712|~148013 37|
|TOTAL FUNDS||||9
7
712|1411013537|
##
|||||2020|2019|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating
activities||||||
|Cash generated
from operations|||23|3 59 .840|445 431|
|Net cash provided by operating|activities|||43,595 840|445,431|
|Cash flows from investing
activities||||||
|Purchase oftangible fixed assets||||(595,634)|(643,858)|
|Purchase ofcurrent asset investments||||(140,251,557)||
|Purchase offixed asset investments|||||(33,614,833)|
|Purchase ofsocial investments|||||(460,215)|
|Saleoftangible fixed assets||||6,346,723|907,877|
|Sale offixed asset investments||||3,168,775|16,698,641|
|Interest received||||161,880|268,488|
|Dividends
received||||1,500,658|1152
5|
|Net cash used in investing
activities||||~129.669 1 557|~1755 669917.5
667|
|Cash flows from financing
activities||||||
|Loans advanced by depositors
Loans repaid to depositors
on||||626,276
~392 200|715,608
~567 938|
|Net cash provided
by financing|activities|||234,076|153,670|
|Change in cash and cash equivalents||in the||||
|reporting
period||||(85,839,239)|(15,092,345)|
|Cash and cash equivalents
at|the beginning||of|||
|the reporting
period||||98684 772|113777.
7|
|Cash and cash equivalents
at|the end|ofthe||||
|reporting
period||||2.845 533|98684 772|
##
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##
|Freehold land|Not depreciated|
|---|---|
|Buildings|2%on cost|
|Plant and machinery|10%or6.7%on cost,|
|Motor vehicles|33%,20%or 14%on cost|
|Fixtures and fittings|33%or 10%on cost|
##
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##
##
|3.|INVESTMENT INCOME|INVESTMENT INCOME|INVESTMENT INCOME|INVESTMENT INCOME||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
||Other unlisted||securities|||||1,500,658|1,152,454|
||Deposit account interest|||||||~161880|~268488|
|||||||||~1662,538|~1420,942|
|4.|INCOME|FROM CHARITABLE|||ACTIVITIES|||||
|||||||||2020|2019|
|||||||||Design||
|||||||||and build||
|||||||||ofplaces||
|||||||||of||
|||||||||worship||
|||||||||arid||
|||||||||administrative|Total|
|||||||||facilities|actlvtt8es|
|||||||||f||
||Income from||branch construction|||||5,615,211|32,043,891|
||Income from||Kingdom|Hall construction||||4166746|099212|
|||||||||978 .9|33143103|
|5.|OTHER|INCOME||||||||
|||||||||2020|2019|
||Foreign currency gains|||||||165,486|1,544,413|
||Other income
Income I'rom||recycling|||||111,134
106,236|206,677
~35683|
|||||||||~382856|~1,786773|
|6.|INVESTMENT MANAGEMENT||||COSTS|||||
|||||||||2020|2019|
||Portfolio|management||||||~266 139|417,534|
|7.|CHARITABLE ACTIVITIES COSTS|||||||||
|||||||||Support||
||||||||Direct|costs (see||
||||||||Costs|note 8)|Totals|
||Assisting|Entities Overseas|||||82,737,213|216,964|82,954,177|
||Design and build ofplaces ofworship|||||and||||
||administrative||facilities||||15,395,304|40,427|15,435,731|
||Pmviding|services for||full-time ministers|||926296|,430|928726|
||||||||99,058,813|259 821|99,318,634|
##
|||||Governance||
|---|---|---|---|---|---|
||||Other|costs|Totals|
|Assisting|Entitim Overseas||190,359|26,605|216,964|
|Design and build ofplaces ofworship||and||||
|administrative
facilities|||35,470|4,957|40„427|
|Providing|services for full-time ministers||2,132|298|2,430|
||||~227 961|31,860|~259 821|
##
||2020f|2019f|
|---|---|---|
|Auditors'
remuneration|31,860|35408|
|Depreciation
- owned assets|647,030|866,455|
|Deficit on disposal offixed assets|396,463|~584943|
##
##
##
##
|TANGIBLE FIXEDASSET|S|||||
|---|---|---|---|---|---|
||||Fixtures|||
||Freehold|Plant and|and|Motor||
||properly|machinery
f.|fittings
f,|vehicles
f|Totals
f|
|COST||||||
|At 1stSeptember 2019|22,557,644|3,330,885|485,336|2,531,243|28,905,108|
|Additions|471,505|95,151||28,978|595,634|
|Disposals
Reclassification|(5,319,970)|(2,423,241)
3 320|{8,23'7)|(594,744)
~33203|(8,346,192)|
|At 31stAugust 2020|17709. 79|I 1316115|477099,96
57||27,754 550|
|DEPRECIATION||||||
|At 1stSeptember 2019|1,266,263|1,262,267|454,514|1,316,737|4,299,781|
|Charge for year|303,658|148,814|7,899|186,659|647,030|
|Eliminated
on disposal
Reclassification/transfer|(379,940)|(876,602)
2169|(8,236)|(338,228)
~27697|(1,603,006)|
|At 31stAugust 2020|1 189981|536648|54,177|1162999|334380|
|NET BOOK VALUE||||||
|At3!stAugust 2020|16,519,198|469,467|22,9 2|799,158|178\0745|
|At 31stAugust 2019|21 291 381|2 068613|30.822|1.21
506|24,605 327|
##
##
|FIXEDASSET INVESTMENTS||
|---|---|
||Investments|
||f|
|MARKET VALUE||
|At 1stSeptember 2019|33,195,081|
|Disposals
Reclassification
to current as set investments|(3,168,775)
~1749114533|
|At 31stAugust 2020|12 535 853|
|NET BOOKVALUE||
|At 31stAugust 2020|12535853|
|At 31stAugust 2019|33195081|
||Please note, that all ofthe above are unlisted
investments.||
|---|---|---|
|13.|SOCIAL INVESTMENTS||
|||Programme|
|||related|
|||investments|
|||eguity
f|
||MARKET VALUE||
||At 1st September 2019and 31stAugust 2020|460215|
||NET BOOK VALUE||
||At 31stAugust 2020|4602 5|
||At 31stAugust 2019|460 215|
##
##
|STOCKS|||
|---|---|---|
||2020|2019|
|||f|
|Raw materials|48,510|123,114|
|Motor vehicle spares and consumables|11,625|23,017|
|Work-in-progress
Work in progress- branch construction|2,109,655|3,020,684
~218477|
||2,169,790|3,385,292|
##
|for th|e Year Ended|31stAugust 2020|31stAugust 2020|||
|---|---|---|---|---|---|
|15.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONK YEAR||||
|||||2020|2019|
|||||f|f.|
||Trade debtors|||203,589|1,017,125|
||Other debtors|||73,198|1,854,100|
||Prepayments|and accrued income||440 757|~411800|
|||||~717544|~383025|
|16.|CURRENT ASSETINVESTMENTS|||||
|||||2020|2019|
||Cash equivalents||on deposit|157,742,012||
||Land in course ofdisposal|||60 000|276,672|
|||||107022 012|276.672|
##
##
|CREDITORS: AMOUNTS FALLING DUE WITHIN|ONK YEAR||
|---|---|---|
||2020|2019|
|Deposits (see note 19)|765,251|874,958|
|Trade creditors|680,396|3,765,888|
|Other creditors|63,843|240,059|
|Accmed expenses|51,441|~108621|
||1,560,931|~4989,526|
##
|18.|CREDITO|RS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YE|AR||
|---|---|---|---|---|
||||2020|2019|
||||f||
||Deposits (see note 19)||~6,887256|~7874,623|
|19.|DEPOSITS||||
||No maturity|analysis is provided for these deposits due to their nature, as described|in the above notes.||
|20.|PROVISIONS FORLIABILITIES||||
||||2020|2019|
||Conditional|donations|~3,166793|~3012,698|
##
##
|||||f|
|---|---|---|---|---|
|Provision|at 1stSeptember 2019|||3,012,698|
|Pmvision|on new conditional
donations
received|||303,789|
|Pmvision
Provision|released on conditional
released on conditional|donations
donations|suave)ted into donations
repaid|(75,948)
~73,746)|
|Provision|at 31stAugust 2020|||~3166793|
##
##
|MOVEMENT|IN FUN|D|S|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Net||
|||||||||movement|At|
||||||||At 1.9.19|in funds|31.8.20|
||||||||||f|
|Unrestricted|funds|||||||||
|General Fund|||||||148,013,537|44,733,175|192,746,712|
|TOTAL FUNDS|||||||48013. 3|44733175|192746712|
|Net movement|in funds,|included|||in the above are as follows:|||||
||||||||Incoming|Resources|Movement|
||||||||rcsourccs
f|cxpcntlcd
f|in funds
f|
|Unrestricted|funds|||||||||
|General Fund|||||||144,317,948|(99,584,773)|44,733,175|
|TOTALFUNDS|||||||144317948|~99,584773)|44733,175|
|Cumparatives|for movement|||in|funds|||||
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.9.18|in funds|fundsf|31.8.19
f|
|Unrestricted|funds|||||||||
|General Fund||||||141,982,024|(765,883)|6,797,396|148,013,537|
|Restricted funds||||||||||
|Travelling
Overseers Assistance|||||Arrangement|622,732|(85,333)|(537,399)||
|Kingdom
Hall Assistance|||Arrangement|||6,035,999||(6,035,999)||
|Relief Fund
Missionary
Convention||Travel||||101,653
223,998|(101,653)|~223.998)||
|||||||6984382|~)86986|~6797396||
|TOTAL FUNDS||||||148.966.406|~952 869)||148013537|
##
##
|||||Incoming|Resources||Gains and|Movement|
|---|---|---|---|---|---|---|---|---|
|||||msources|expended||losses|in funds|
|||||f|f||||
|Uarestricted
funds|||||||||
|General Fund||||129,588,803|(130,260,925)||(93,761)|(765,883)|
|Restricted funds
Travelling
Overseers Assistance
Relief Fund|||Arrangement|10786|(85,333)
~t)2,439)|||(85,333)
~0 .653)|
|||||10700|~197772|||~lB6980|
|TOTAL FUNDS||||9599589|~3,458697)|~0370 )||~95 869)|
|A current year 12months||and prior year 12months||combined
position is as follows.|||||
||||||Net||Transfers||
||||||movement||between|At|
|||||At 1.9.18|in funds||funds|31.8.20|
|||||||||f|
|Unrestricted
funds|||||||||
|General Fund||||141,982,024|43,967,292||6,797,396|192,746,712|
|Restricted funds|||||||||
|Travelling
Overseers Assistance|||Arrangement|622,732|(85,333)||(537,399)||
|Kingdom
Hall Assistance||Arrangement||6,035,999||(6,035,999)|||
|Relief Fund
Missionary
Convention|Travel|||101,653
223 908|(101,653)|~225,998)|||
|||||6044.382|~)86906|~6797390|||
|TOTAL FUNDS||||148966406|43,780,306|||192,746,712|
|A current year 12months||and prior year 12months||combined
net movement
in funds, included|||in the above are as follows:||
|||||Incoming|Resources||Gains and|Movement|
|||||resources|expended
f||losses|in funds
f|
|Unrestricted
funds|||||||||
|General Fund||||273,906,751|(229,845,698)||(93,761)|43,967,292|
|Restricted funds
Travelling
Ovcrseers Assistance
Relief Fund|||Arrangement|10786|(85,333)
~12.39)|||(85,333)
~0.653)|
|||||10786|~)97772|||186986|
|TOTALFUNDS||||73.917.537|~30
3.47)|~93.6)||3.7811306|
##
##
##
##
##
##
||||2020f|2019f|
|---|---|---|---|---|
|Net income/(expenditure)|for the reporting|period (as per the Statement of|||
|Financial Activities)|||44,733,175|(952,869)|
|Adjustments
for:|||||
|Depreciation
charges|||647,030|866,456|
|Losses on investments||||682,288|
|Loss on disposal offixed|assets||396,463|500,900|
|Interest received|||(161,880)|(268,488)|
|Dividends
received|||(1,500,658)|(1,152,454)|
|Other non-cash donations|received||(1,331,150)|(701,639)|
|Movement
in assets held|for sale||196,672|383,328|
|Increase/decrease
in provisions|||154,093|(3,543,123)|
|Reclassification
to fixed|assets|||(1,628,029)|
|Movements
on conditional
donations||||1,288,447|
|Decrease in stocks|||1,215,502|339,395|
|Decrease in debtors
Decrease in creditors|||2,565,481
~3318888|5,038,569
~407 350|
|Net cash provided
by operations|||43 595.840|445.431|
|ANALYSIS OF CHANCES IN NET FUNDS|||||
|||At 1.9.19|Cash flow
f.|At 31.8.20
f|
|Net cash|||||
|Cash at bank and in hand||98.684.772|~85,839239|2,84, 33|
|||9868,7 2|~8 839239|12 845 533|
|Liquid resources|||||
|Deposits included
in cash|||||
|Current asset investments||76672|1 7,545,340|157 822 012|
|||276,672|157545 340|157.822.012|
|Debt|||||
|Debts falling due within|1 year|(874958)|109707|(765251)|
|62cbt0 lalhlig
dUC a ier|yoni||||
##
|for|the|Year|Ended 31stAugust 2020|Ended 31stAugust 2020||||
|---|---|---|---|---|---|---|---|
|24.||ANALYSIS OF CHANGES IN NET FUNDS - continued|||~8,7 9,58 7|1 097,07|~7.652,507|
|||Total|||90211,863|72,803,175|163,015,038|
|25.||FINANCIAL INSTRUMENTS||||||
|||||||2020|2019|
|||Debt|instruments
at cost|||||
||||Unlisted investments|||159,915,752||
||||Trade debtors|||203,589|1,017,125|
||||Other debtors|||73198|1.8 4 10|
||||Total|||160192539|2.871 225|
|||Financial Liabilities at cost||||||
||||Deposits|||765,251|874,958|
||||Trade creditors|||680,396|3,765,888|
||||Other creditors|||63,843|240,059|
||||Accrued expenses|||51,441|108,621|
||||Deposits greater than|1 year||6,887,256|7,874,623|
||||Conditional
donations|||3,166793|3 012,698|
||||Total|||» 61 .980|15,876,847|
##