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|||||||||Carbon||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Tonnes|KwH|
|Quantity|of emissions|in tonnes||of|carbon|dioxide|equivalent|||
|resulting|from activities|for which||the|company|is responsible||147,047||
|Quantity|ofenergy consumed||resulting||from activities||for which|||
|the company
is responsible|||||||||30|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total|
||||||Notes|fundsf|fundsf|
|INCOME AND ENDOWMENTS|||FROM|||||
|Donations
and legacies||||||129,234,487|132,490,597|
|Charitable
activities||||||||
|Design and build ofplaces ofworship||||and||||
|administrative
facilities|||||||9,781,957|
|Investment
income||||||945,313|1,662,538|
|Other income||||||36435|382,856|
|Total||||||130,210,285|144,317,948|
|EXPENDITURE ON||||||||
|Raising funds||||||||
|Investment
management|costs|||||132,243|266139|
|||||||132,243|266,139|
|Charitable
activities||||||||
|Assisting
Entities Overseas||||||58,926,022|82,954,177|
|Design and build ofplaces ofworship||||and||||
|administrative
facilities||||||1,764,974|15,435,731|
|Providing
services for|full-time|ministers||||600,393|928,726|
|Total||||||61,423,632|99,584,773|
|NET INCOME||||||68,786,653|44,733,175|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought forward||||||192,746,712|148,013,537|
|TOTAL FUNDS CARRIED||FORWARD||||261 533 365|192.746 712|
##
|Balance Sheet
31stAugust 2021|||||
|---|---|---|---|---|
||||2021|2020|
||||Unrestricted|Total|
|||Notes|fundsf|fundsf|
|FIXEDASSETS|||||
|Tangible assets|||14,944,158|17,810,745|
|Investments|||||
|Investments||12|2,153,954|12,535,853|
|Social investments||13|460,215|460.215|
||||17,558,327|30,806,813|
|CURRENT ASSETS|||||
|Stocks||14|2,855,344|2,169,790|
|Debtors||15|1,392,516|717,544|
|Investments||16|244,032,372|157,822,012|
|Cash at bank and in hand|||6577.531|12,845,533|
||||254,857,763|173,554,879|
|CREDITORS|||||
|Amounts
falling due within|one year|17|(2,213,645)|(1,560,931)|
|NET CURRENT ASSETS|||252,644,118|171,993,948|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||270,202,445|202,800,761|
|CREDITORS|||||
|Amounts
falling due aller more than one year||18|(5,475,168)|(6,887,256)|
|PROVISIONS FOR LIABILITIES||20|(3,193,912)|(3,166,793)|
|NET ASSETS|||261 533365|192,746.712|
|FUNDS||21|||
|Unrestricted
funds:|||||
|General
Fund|||26
533.365|1927 6712|
|TOTAL FUNDS|||261.533365|192,746,7|
##
||||Notes|2021f|2020|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||||
|Cash generated
from operations|||23|65,904,624|35959 0|
|Net cash provided
by operating
activities||||65,904,624||
|Cash flows from investing|activities|||||
|Purchase oftangible fixed assets||||(68,068)|(595,634)|
|Purchase ofcurrent asset investments||||(86,290,360)|(140,251,557)|
|Sale oftangible fixed assets||||2,974,046|6,346,723|
|Sale offixed asset investments||||10,381,899|3,168,775|
|Interest received||||3,599|161,880|
|Dividends
received||||917961|1,500,658|
|Net cash used in investing|activities|||~72.080.923)|~)29609 155)|
|Cash flows from flnancing|activities|||||
|Loans advanced
by depositors
Loans repaid to depositors
on||||106,907
~980 0|626,276
~392200|
|Net cash (used in)/provided|by fmancing
activities|||~9)703)|23 076|
|Change in cash and cash|equivalents|in the||||
|reporting
period||||(6,268,002)|(85,839,239)|
|Cash and cash equivalents|at the beginning||of|||
|the reporting
period||||12,845,533|98684 772|
|Cash and cash equivalents|at the end|ofthe||||
|reporting
period||||6577 531|12845 533|
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##
|for|the|Year Ended 31stAugust 2021|Year Ended 31stAugust 2021||||
|---|---|---|---|---|---|---|
|2.||DONATIONS
AND LEGACIES|||||
||||||2021|2020|
||||||f.||
|||Legacies|||4,074,820|1,123,610|
|||Donations ofcash and goods|||123.139667|131 366.987|
||||||». 3 8»3.||
|3.||INVESTMENT INCOME|||||
||||||2021|2020|
|||Rents received|||23,753||
|||Other unlisted
securities
Deposit account interest|||917,961
~3599|1,500,658
~161880|
||||||~945 313|~1662,538|
|4.||INCOME FROM CHARITABLE||ACTIVITIES|||
||||||2021|2020|
||||||Total|Total|
||||||activities|activities|
|||||||f|
|||Income from branch construction||||5,615,211|
|||Income &om Kingdom|Hall construction|||~4166746|
|||||||~9781 957|
|||OTHER INCOME|||||
||||||2021f|2020|
|||Foreign currency gains||||165,486|
|||Other income||||111,134|
|||Income from recycling|||30,485|106,236|
||||||~30 485|382,856|
|6.||INVESTMENT MANAGEMENT||COSTS|||
||||||2021
f|2020f|
|||Portfolio management|||~132243|~266 139|
##
##
|7.|CHARITABLE ACTIVI|TIES CO|STS|||||
|---|---|---|---|---|---|---|---|
||||||Support|||
|||||Direct|costs (see|||
|||||Costs|note 8)
f||Totals
f|
||Assisting
Entities Overseas|||57,776,507|1,149,515|58,926,022||
||Design and build ofplaces|ofworship|and|||||
||administrative
facilities|||1,754,479|10,495|1,764,974||
||Providing
services for full-time ministers|||598823|3 579||600393|
|||||60,127,809|1,163,580|61,291,389||
|8.|SUPPORT COSTS|||||||
||||||Governance|||
|||||Other
f|cos'ts
f||Totals
f|
||Assisting
Entities Overseas|||1,111,142|38,373|1,149,515||
||Design and build ofplaces|ofworship|and|||||
||administrative
facilities
Providing
services for full-time ministers|||9,346
3,179|1,149
391|10,495
~3570||
|||||1,123,667|39,913|1,163,580||
||Support costs have been allocated to||the appropriate|activity, as shown above, in line with the charity's
accounting|||policies.|
|9.|NET INCOME/(EXPENDITURE)|||||||
||Net income/(expenditure)|is stated after charging/(crediting):||||||
||||||2021f||2020|
||Auditors'
remuneration||||39,913||31,860|
||Depreciation
-owned assets||||297,496||647,030|
||Surplus/(deficit)
on disposal offixed||assets||(336,887)||396,463|
##
##
##
##
|TANCIBLK FIXEDASSE|TS|||||
|---|---|---|---|---|---|
||||Fixtures|||
||Freehold|Plant and|and|Motor||
||property
f|machinery
f|fittings
f|vehicles|Totals
f|
|COST||||||
|At 1st September 2020|17,709,179|1,006,115|477,099|1,962,157|21,154,550|
|Additions
Disposals|68,068
~2638 278)|~608306)|~439738)|~43) 2 3)|68,068
~4»7.595)|
|At 31stAugust 2021|15 138,969|397,809|37,361|.530.88|17 105023|
|DEPRECIATION||||||
|At 1stSeptember 2020|1,189,981|536,648|454,177|1,162,999|3,343,805|
|Charge for year
Eliminated
on disposal|151,389
~377280)|28,928
~369393)|6,277
~427878)|110,902
~305885)|297,496
~1480430)|
|At 31stAugust 2021|964090|196183|32576|9680 6|2160865|
|NET BOOK VALUE||||||
|At 31stAugust 2021|4174,879|211 626|4785|562868|49441511|
|At 31stAugust 2020|16519 98|469467|22922|799158|17810745|
|FIXEDASSET INVESTMKNTS||||||
||||||Investments|
||||||f|
|MARKET VALUE||||||
|At 1st September 2020
Disposals|||||12,535,853
~10381.899)|
|At 31stAugust 2021|||||2,153,954|
|NET BOOK VALUE||||||
|At 31stAugust 2021|||||2,153,954|
|At 31stAugust 2020|||||12 535 853|
|SOCIAL INVESTMENTS||
|---|---|
||Programme|
||related|
||investments|
||efiuity|
|MARKET VALUE||
|At 1st September 2020 and 31stAugust 2021|460 215|
|NET BOOK VALUE||
|At 31stAugust 2021|4602H|
|At 31st August 2020|460,215|
##
|Notes|to the Financ|to the Financ|ial Statements - continued|||
|---|---|---|---|---|---|
|for the|Year Ended 31st||August 2021|||
|14.|STOCKS|||||
|||||2021|2020|
|||||f||
||Raw materials|||37,376|48,510|
||Motor vehicle|spares and consumables|||11,625|
||Work-in-progress|||2,817,968|~2, 109655|
|||||~2855,344|~2169,790|
|15.|DESTORSt|AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||||2021|2020|
|||||f|f|
||Trade debtors|||16,612|203,589|
||Other debtors|||54,123|73,198|
||Prepayments|and|accrued income|~1,321 781|440,757|
|||||1,392,516|~717544|
|16.|CURRENT ASSET INVESTMENTS|||||
|||||2021|2020|
||||||f|
||Cash equivalents||on deposit|244,032,372|157,742,012|
||Land in course ofdisposal||||80 000|
|||||244,032,372|157,822,012|
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||2021|2020|
|||||f|f.|
||Deposits (see|note 19)||608,352|765,251|
||Trade creditors|||1,525,919|680,396|
||Other creditors|||24,913|63,843|
||Accrued expenses|||54,461|51,441|
|||||~2213645|~1560931|
##
|2021|2020|
|---|---|
|f||
|5,475,168|~6887,256|
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Conditional|donations|||||3,193,912|3,166,793|
||||||||f|
|Provision|at 1stSeptember 2020||||||3,166,793|
|Provision|on new conditional
donations||received||||488,107|
|Provision
Provision|released on conditional
released on conditional|donations
donations||convetted
repaid|into donations||(356,538)
~)04,450)|
|Provision|at 31stAugust 2021||||||~3193912|
##
|MOVEM|EN|T
IN FUNDS||||||
|---|---|---|---|---|---|---|---|
|||||||Net||
|||||||movement|At|
||||||At 1.9.20|in funds|31.8.21|
|||||||f|f|
|Unrestricted||funds||||||
|General|Fund||||192,746,712|68,786,653|261,533,365|
|TOTAL|FUNDS||||192746,712|68,786653|261,533,365|
|Net movement||in funds, included||in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resol8fces
f|expended|in funds
f|
|Unrestricted||funds||||||
|General|Fund||||130,210,285|(61,423,632)|68,786,653|
|TOTAL|FUNDS||||130230285|~04236327|68786653|
|Comparatives||for movement|in|funds||||
|||||||Net||
|||||||movement|At|
||||||At 1.9.19|in funds|31.8.20|
||||||f||f|
|Unrestricted||funds||||||
|General|Fund||||148,013,537|44,733,175|192,746,712|
|TOTAL|FUNDS||||140013. 37|44.733.175|102746 732|
##
##
##
|||||||||Incoming|Incoming||Resources||Movement|Movement|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||resources|||expended
f|||in funds
f|
|Uarestricted
funds|||||||||||||||
|General
Fund|||||||144,317,948|||(99,584,773)|||44,733,175||
|TOTAL FUNDS||||||||43|79 8|~99584773)|||4|.733.»5|
|A entreat year 12months|||and prior year||12months|combined|position is as|follows:|||||||
||||||||||||Net||||
||||||||||||movement|||At|
|||||||||At|1.9.19||in funds|||31.8.21|
||||||||||f.||f|||f|
|Unrestricted
funds|||||||||||||||
|General
Fund|||||||148,013,537|||113,519,828|||261,533,365||
|TOTAL FUNDS|||||||48,013,537|||1 3.5 9.828|||26|533 365|
|A current year 12months|||and|prior year|12months|combined|net movement|in|funds,|included|in the above||are|as follows:|
|||||||||Incoming|||Resources||Movement||
|||||||||resources|||expended|||in funds|
||||||||||||f||||
|Unrestricted
funds|||||||||||||||
|General Fund|||||||274,528,233|||(161,008,405)|||113,519,828||
|TOTAL FUNDS|||||||27|.5|8. 33|~)6) 008405)|||11359828||
|RELATED PARTY||DISCI OSURES|||||||||||||
|There were no related||party transactions|||for the year ended 31stAugust 2021.||||||||||
|RECONCILIATION||OF NET INCOME TO NET CASH|||||FLOW FROM OPERATING||||ACTIVITIES||||
||||||||||||2021|||2020f|
|Net income for the|reporting|||period (as per the Statement|||ofFinancial||||||||
|Activities)||||||||||68,786,653|||44,733,175||
|Adjustments
for:|||||||||||||||
|Depreciation
charges|||||||||||297,497|||647,030|
|(Profit)/loss
on disposal|||offixed assets||||||||(336,887)|||396,463|
|Interest received|||||||||||(3599)|||(161,880)|
|Dividends
received|||||||||||(917,961)||(1,500,658)||
|Other non-cash
donations|||received|||||||(1,477,285)|||(1,331,150)||
|Movement
in assets|held||for sale||||||||80,000|||196,672|
|Increase/decrease
in|provisions||||||||||27,119|||154,093|
|(Increase)/decrease|in|stocks|||||||||(685,554)|||1,215,502|
|(Increase)/decrease
Increase/(decrease)|in
in|debtors
creditors|||||||||(674,972)
809,613|2,565,481
~33)8.888|||
|Net cash provided|by operations|||||||||5904624||||3.595.8 0|
##
##
##
##
##
|||||At 1.9.20|Cash flow|Cash flow||At 31.8.21|
|---|---|---|---|---|---|---|---|---|
|||||6||||f|
||Net cash||||||||
||Cash at bank and in hand||||||||
|||||12845533|~6268002|||6577. 3|
||Liquid resources||||||||
||Deposits included
in cash||||||||
||Current asset investments|||157822 012|86|210,360|244 032372||
|||||157822 012|86|2 0360|2|032 372|
||Debt||||||||
||Debts
Debts|falling due within
1 year
falling due after
1 year||(765,251)
~6887230|I|156,899
12088|(608,352)
~5475 168||
|||||~652 507|I|568,987|~6083520||
||Total|||163015038|8|5113 5|244526383||
|25.|FINANCIAL INSTRUMENTS||||||||
||||||2021|||2020|
||Debt instruments
at amortised||cost||||||
|||Unlisted
investments|||244,032,372|||157,742,012|
|||Trade debtors||||16,612||203,589|
|||Other debtors||||4
23||73 198|
|||Total|||244103
07|||158018799|
||Fiaancial Liabilities at amortised cost||||||||
|||Deposits|||608,352|||765,251|
|||Trade creditors|||1,525,919|||680,396|
|||Other creditors||||24,913||63,843|
|||Accrued expenses||||47,141||51,441|
|||Deposits &I year|||5,475,168|||6,887,256|
|||Conditional
donations|||3|93.912||3 160793|
|||Total|||10875405|||11614980|
##
##