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##
|Greenhouse
Gas Emissions, Energy Consumption|Greenhouse
Gas Emissions, Energy Consumption|gr Energy Efficiency|||||
|---|---|---|---|---|---|---|
|||||||arbon|
||||Litres|kuh||onnes|
|UK annual
quantity ofemissions
in tonnes|ofcarbon|dioxide equivalent|||||
|ultin
from activities for which the corn|an ' is res|onsible involvdn:|||||
|i combustion of
as||||||16|
|ii oonsum
tion offuel forthe|ses oftran|m|39047|||105|
|UK Annual
quantity ofemissions
in tonnes|ofcarbon|dioxide equivalent|||||
|esulting fmm the purchase ofelectricity for its own use, including
for the|||||||
|U
uses oftrails
ort.|||||||
|ated fi
re in k)Yh of:|||||||
|i)the L'K annual
quantity ofenergy|consumed|from activities for|||||
|which the corn
an
is res onsible invohin
a||combustion of||87.072|||
|ii)the UK annual
quantity ofenergy|consumed|resulting
fiom the|||||
|purchase ofelectricity by the company for its own use, including for|||||||
|the
u
uses oftrans
om||||16.800|||
|TAL|||39047|103872|'|124|
|||||||kWh/m'|
|Ratio which expresses the company's
annual emissions
in relation to a|||||||
|uantifiable
factor associated with the com|an 's activities.|||Parve||43.9|
|Ratio which expresses the company's
annual
emissions
in relation to a|||||||
|uantifiable
factor associated
vdth the com|an 's activities.|||Heu/in||183.27|
##
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##
|fiaud|orerror and|toobtain sufficient audit evidence to support th|is. Wea|lso evaluate and|respond tothe|r|isk of|mat|erial|misstateme|
|---|---|---|---|---|---|---|---|---|---|---|
|Audit|pmcedures|performed
by the engagement
team included:|||||||||
||Obtaining|an understanding
ofthe legal and regulatory
framework||applicable to the entity and how the||||entity is complying|||
||with that fiamework.||||||||||
||Assessing|the susceptibility
ofthe entity's financial
statements
to||material misstatement,
including|||how|finud might occur.|||
||Discussing|with management
and those charged with governance||asto any kaown|or suspected|instances ofnon-|||||
||compliance|with laws and regulations,
including
fraud|||||||||
||Obtaining|an understanding
ofinternal
contml relevant to|the audit in order to design audit procedures|||||that|are|appmpriate|
||in the circumstances,
but not for the purpose ofexpressing||an opinion on the efiectiveness ofthe||||company's||internal||
||controL||||||||||
||Evaluating|the appropriateness
ofaccounting policies used and the reasonableness|||ofaccounting||estimates||and|related|
||disclosures|made by the trustees.|||||||||
||Evaluating|the overall presentafion,
structure
and contest|ofthe financial
statements,
including|||the disclosures,||||and|
||whether the financial
statements
ruprtnent
the underlying||transactions
and events||in amanner that achieves||||fair||
||pfescumnolx||||||||||
##
##
|for the Year Ended 3|1stAugust 2022||||
|---|---|---|---|---|
||||2022|2021|
||||Umestricted|Total|
||||funds|funds|
|||||as restated|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies|||77,065,506|129,234,487|
|Charitable
acfivities|||||
|Design and build ofplaces ofworship|||1,105,797||
|Investment
income|||2,868,666|2,527398|
|Other income|||7927041|30485|
|Total|||88,967,810|131,792,270|
|EXPENDITURE ON|||||
|Raising funds|||||
|Investment
management|costs||124056|132,243|
||||124,056|132,243|
|Charitable
activities|||||
|Assisting
Other Entities with similar aims and|||||
|objectives|||75368,588|58,926,022|
|Design and build ofplaces ofworship|||6,047,951|1,764,974|
|Pmviding
savices for full-time ministas|||573,816|600,393|
|Total|||82,014,411|61,423,632|
|Net gainsroosses)
on investments|||~18037021|~7587985|
|NET INCOMEt(EXPENDITURE)|||(11,084,422)|68,786,653|
|RECONCILIATION|OF FUNDS||||
|Total funds brought forward|||261,533365|192,746,712|
|TOTAL FUNDS CARRIED FORWARD|||250448943|261533365|
##
##
|Balance Sheet
31stAugust 2022||||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||Unrestricted|Total|
|||||||funds|funds|
||||||||as restated|
||||Notes||||g|
|FIXEDASSETS||||||||
|Tangible
assets||||12||1.923,522|14,944,158|
|Investments||||||||
|Investments||||13||2525233,645|246,186,326|
|Social investments||||14||460,215|460 215|
|||||||254,617,382|261,590,699|
|CURRENT ASSETS||||||||
|Stocks||||15||263266702|2,855,344|
|Debtors||||16||758,667|1,392,516|
|Cash atbank and in hand||||||8334188|6577531|
|||||||11,419,557|10,825,391|
|CREDITORS||||||||
|Amounts
falling due within one year||||17||(7,368,929)|(2,213,645)|
|NKT CURRENT ASSETS||||||4.050.628|8611746|
|TOTAL ASSETSLESS|CURRENT LIABILITIES|||||258,668,010|270,202,445|
|CREDITORS||||||||
|Amounts
falling due atter|more than one|year||18||(4,872,942)|(5,475,168)|
|PROVISIONS FORI.IABILITIES||||20||(35346,125)|(35193,912)|
|NET ASSETS||||||250 448 943|261.533 36t|
|FUNDS||||21||||
|Unrestricttxi
funds||||||||
|C8eneral Fund||||||250.448943|261533,365|
|TOTAL FliNDS||||||250448943|261533365|
|Thetinancial
statements|srereapproved|b the|Board|ofTrustees|and authorised|for issue on ..!.~....'**.**.......... ...................and were
I -. LK57X||
##
||||||2021|
|---|---|---|---|---|---|
||||Notes||as restatedf|
|Cash flows from operating
activities||||||
|Cash generated fiom operations|||23|13,454,730|66 830041|
|Net cash pmvided by operating
activities||||13,454,730|66830641|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed|assets|||(27,999)|(68,068)|
|Purchase offixed asset investments
Sale oftangible fixed assets||||(226,099,936)
3~3,679|(169,182,858)
2,974,046|
|Saleoffixed asset investments||||208,735449|90,570,995|
|Interest received||||303D 767|2 098945|
|Net cash used in investing|activities|||~))137941))|73006940|
|Cash flows from financing|activities|||||
|Loans advanced by tiepositors
Loans repaid to depositors
on||||29,017
~589)50|106,907
~986)D|
|Net cash used in financing|activities|||~500 133)|~9).703)|
|Change in cash and cash|equivalents|in the||||
|reporting
period||||1,756,657|(6,268,002)|
|Cash and cash equivalents|at the beginning||of|||
|the reporting period||||6577531|12845 533|
|Cash and cash equivalents|at the end|ofthe||||
|reporting
period||||8 334188|6 577531|
##
##
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##
##
##
##
##
|Depmciation
useful life||isprovided
at the following
annual|rates in order to write each asset down to its residual value|over its estimated|
|---|---|---|---|---|
|||Freehold land|Not depreciated||
|||Buildings|2%on cost||
|||Plant and machinety|10%or6.7%on cost,||
|||Motor vehicles|33%,2ip/o or 14%on cost||
|||Fixtures and fittings|33%or 10%on cost||
|Impairment|reviews are carried out on individual||assets when there is some indication
that the recoverable|amount ofafixed|
|asset isbelow||its net book value.|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|No|tes|to the Financial Statement|s - continued|||
|---|---|---|---|---|---|
|for|the|Year Ended 31stAugust 2022||||
|2.||DONATIONS
AND LEGACIES||||
|||||2022
f|2021
f|
|||Legacies||2,448,905|4,074,820|
|||Donations ofcash and goods||74676667|125156667|
|||||77,065,506|129,234,487|
|3.||INVESTMENT INCOME||||
||||||2021|
||||||as restatedf|
|||Rents mceived||9,582|23,753|
|||Deposit account interest||4,408|3,599|
|||Interest receivable||~2854676|~2499946|
|||||~2868666|~2527 298|
|4.||INCOME IiROM CHARITABLE|ACTIVITIES|||
||||||2021|
|||||Desiga||
|||||and build||
|||||ofplaces||
|||||of|Total|
|||||wondup|activities|
|||||f,||
|||Income finm construction ofplaces|ofworship|~1105797||
|5.||OTHER INCOME||||
|||||2022f|2021|
|||Gain on sale oftangible ftxed assets||543,846||
|||Foreiga currency gains
Income fiom recycling||7,358,884
~25 111|~30485|
|||||7,927,841|~30485|
|6.||INVESTMENT MANAGEMENT|COSTS|||
|||||2022f|2021f|
|||Portfolio management||124056|132243|
##
##
##
||||Suppon||
|---|---|---|---|---|
|||Direct|costs (see||
|||Costs
f|note 8)
f|Torals|
|Assisting|Other Entities with similar aims||||
|and objectives||75,080,540|188,048|75,268,588|
|Design and build ofplaces ofworship||6,032,676|15,275|6,047,951|
|Providing|sertdces for full-time
ministers|572,368|1448|573816|
|||81,685,584|204771|81.8001355|
|SUPPORT COSTS|||||
||||Governance||
|||Otherf|cos'ts|Totals
f.|
|Assisting|Other Entities udth similar aims and||||
|objectives
Design and build ofplaces ofworship
Protiding
services for full-time ministers||156,751
12,733
~1207|31,297
2,542
241|188,048
15,275
~1448|
|||170,691|34,080|204,771|
##
|||2022f|2021|
|---|---|---|---|
|Auditors'|remuneration|34,080|39,913|
|Depreciation
-owned assets||109,845|297,496|
|Surplus|on disposal offixed assets|~536,446)|~336,887)|
##
##
##
##
##
##
|TANGIBLE FIXED|ASSETS||||||
|---|---|---|---|---|---|---|
|||||Fixtures|||
|||Freehold|Plant and|and|Motor||
|||property
f|machinery
6|fittings
6|vehicles
f,|Totals
6|
|COST|||||||
|At 1stSeptember 2021||15,138,969|397,809|37,361|1,530,884|17,105,023|
|Additions
Disposais|~13.08066 )||27,999
~93.t62)||~ยป3&711|27,999
'143055M)|
|At 31stAugust 2022||2,058303|332 M6|37,361|399,173|2 827,483|
|DEPRECIATION|||||||
|At 1stSeptember 2021||964,090|196,183|32,576|968,016|2,160,865|
|Charge for year
Eliminated
on disposal|37,091
~587.180&||22,449
~68 890)|2,039|48466
~7&0679|109,&45
~&306749|
|At 31stAugust 2022||414,001|149,742|34615|305 M3|903961|
|NET BOOKVALUE|||||||
|At 31stAugust 2022||1 M4 3D2|182904|2 746|93570|1 923522|
|At 31stAugust 2021||14.174879|2D) 626|~ 705|562 M8|14944 150|
|Included in freehold property is land||which isnot|depreciated
with avalue off594,082.||||
|FIXEDASSETINVESTMENTS|||||||
||||||Listed||
||||||debt||
||||||securities|Totals|
||||||6|f.|
|MARKET VALUE|||||||
|At 1stSeptember 2021 (as restated)||||2,153,954|244,032,372|246,186,326|
|Additions||||14,585|226,085,350|226,099,935|
|Disposals||||(218,752)|(208,516,358)|(208,735,110)|
|Exchange differences
gain/loss|and realised/unrealised|||271056|~11588 62)|~11317500)|
|At 31stAugust 2022||||2330843|250D&2801|252233645|
|NET BOOKVALUE|||||||
|At 31stAugust 2022||||2110043|250 012802|252.233 645|
|At 31stAugust 2021 (as restated)||||2153954|244 D32 371|246186326|
##
##
##
|SOCIAL INVESTMENTS||
|---|---|
||Programme|
||related|
||lltvestlnerlts|
||6xtulty|
||6|
|MARKET VALUE||
|At 1stSeptember 2021 and 31stAugust 2022|460215|
|NET BOOKVALUE||
|At 31stAugust 2022|460215|
|At 31st August 2021|460215|
##
##
##
|STOCKS||||
|---|---|---|---|
|||2022|2021|
|||f|5|
|Raw materials||24,777|37,376|
|Work-in-progress||2,301,925|~2817,968|
|||~2326 702|~2855 344|
|DKBTORSt|A3IOUNTS FALLLNG DUE WITHIN ONK YEAR|||
|||2022|2021|
||||f.|
|Trade debtors||7,592|16,612|
|Other debtors||59,007|54,123|
|Prepayments|and accrued iucome|692,068|~1321781|
|||~758667|~1,392516|
##
|Notes|to the Financial Statements - continued|||
|---|---|---|---|
|for the|Year Ended 31stAugust 2022|||
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2022f|2021
f.|
||Deposits (seenote 19)
Trade creditors|541,438
1,444,885|608,352
1,525,919|
||Other creditors
Accrued expenses|5,284,939
~97667|24,913
~54461|
|||~7368929|~2213 645|
##
|18.|CREDITORS: AMOUNTS FA|LLING D|UE AFTER MORE THAN ONE YE|AR||
|---|---|---|---|---|---|
|||||2022
f|2021
f|
||Deposits (see note 19)|||~4872 942|~5475 168|
|19.|DEPOSITS|||||
||No maturity
analysis isprovided|for these deposits due to their nature, as described||in the above notes.||
|20.|PROVISIONS FORLIABILITIES|||||
|||||2022
f|2021
f.|
||Conditional
donations|||~3346 125|~3193,912|
||Pmvision at 1stSeptember 2021||||3,193,912|
||Pmvision on new conditional
donations received||||251,851|
||Pmvision released on conditional
Pmvision released on conditional|donations
donations|converted into donations
repaid||(43,750)
~55888|
||Provisionat31stAugust 2022||||~3346,125|
##
##
|MOVEM|KN|T IN FUN|DS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Net||
||||||||||||movement|At|
|||||||||||At 1.9.21|in funds
f|31.8.22
f|
|Unrestricted||funds|||||||||||
|General|Fund||||||||261,533,365||(11,084,422)|250,448,943|
|TOTAL|FUNDS||||||||261 533 365||~tt 084422)|25tl 448 943|
|Net movement||in funds,|included|||in the above|are as follou4a||||||
||||||||Incoming|||Resources|Gains and|Movement|
||||||||resources|||expended|losses
f|in funds
f|
|Unrestricted||funds|||||||||||
|General|Fund||||||88,967,810||(82,014,411)||(i8,037,821)|(11,084,422)|
|TOTALFUNDS|||||||88967810||~82tl)4411)||~)8037,82))|~t)084422)|
|Comparatives||for movement|||in|funds|||||||
||||||||||||Net||
||||||||||||movement|At|
|||||||||||At 1.9.20
f|in funds
f.|31.8.21
f|
|Unrestricted||funds|||||||||||
|General|Fund||||||||192,746,712||68,786,653|261,533,365|
|TOTALFUNDS|||||||||192746712||60786653|261533365|
|Comparative||net movement||in|funds, included||in the above are as fogovvs:||||||
||||||||Incoming|||Resources|Gains and|Movement|
||||||||tesoutces
f|||expended
f|lossesf|in funds|
|Unrestricted||funds|||||||||||
|General|Fund||||||131,792370||(61,423,632)||(1,581,985)|68,786,653|
|TOTAL|FUNDS||||||131792270||~6)423632)||~)58)985|68786653|
|A current|year 12months||and||prior year 12months combined|||position|is as|folloues|||
||||||||||||move)lteri't|At|
|||||||||||At 1.9.20
f|in funds
f|31.8.22|
|Unrestricted||funds|||||||||||
|General|Fund||||||||192,746,712||57,702,231|250,448,943|
|TOTAL|FUNDS||||||||192746712||57702231|250448943|
##
##
##
|MOVEMENT|IN FUND|S - continued|S - continued|||||
|---|---|---|---|---|---|---|---|
|A cunent year|12months|and prior year 12months combined
net movement||in funds,|included|in the above|are as follows:|
|||Incoming||Resources||Gains and|Movement|
|||ICSO235CCS
f||cxpcltdcd||losses
f,|in funds
f|
|Unrestricted|funds|||||||
|General Fund||220,760,080|(143,438,043)||(19,619,806)||57,702,231|
|TOTAL FUNDS||220700080|~1434380435||~196198||57701131|
##
|23.|RECONCILIATION|OFNET (EXPENDITURE)/INCOME|OFNET (EXPENDITURE)/INCOME|TO NET CASH FLOW FROM OPERATING|TO NET CASH FLOW FROM OPERATING|
|---|---|---|---|---|---|
||ACTIVITIES|||||
|||||2022|2021|
|||||f|as fcstatcd
f|
||Net (expenditure)/income
for the reporting
Financial Activities)||period (as per the|Statement of
(11,084,422)|68,786,653|
||Adiustmcnta
fort|||||
||Depreciation
charges|||109,845|297,497|
||Losses on investments|||11,145,385|2,508,002|
||Profit on disposal offixed assets|||(536,446)|(336,887)|
||Interest received|||(3,030,767)|(2,698,945)|
||Other non-cash donations received|||(109,007)|(1,477,285)|
||Movement
in assets held for sale||||80,000|
||(Decry)/increase
in
Donated asses|provisions||152,213
10,251,557|27,119|
||Accrued interest movement|||171,683|195,400|
||Decrease/(increase)
in|stocks||528,642|(685,554)|
||Decrctwc/(increase)
in|debtors||633,849|(674,972)|
||Increase in creditors|||5212 198|809613|
||Net cash provided
by|operations||13454.730|66 830,641|
|24..|ANALYSIS OF CHANGES IN NET FUNDS|||||
##
|||At 1.9.21
f|Cash flow|At 31.8.22|
|---|---|---|---|---|
|Net cash|||||
|Cash atbank and in hand||~6577531|~1756657|~8334 188|
|||~6577,531|~1756,657|~8334,188|
|Debt|||||
|Debts falling dne within|1 year|(608,352)|66,914|(541,438)|
|Debts falling due afier 1|year|~5475 168|6020266|~4872 942|
|||~6083520|~669140|~5414380|
|Total||494,011|~2425,797|2,919,808|
##
||2022|2021|
|---|---|---|
|Debt instruments
at fair value|||
|Listed debt securities|2507012,802|244,032,372|
|Other Investments|2,220,843|2,153,954|
|Trade debtors|7,592|16,612|
|Other debtors|671,074|54,123|
|Total|252 912311|246 257 067|
|Financial Liabilities at fair value|||
|Deposits|541,438|608,352|
|Trade creditors|1,244,008|1,525,919|
|Other creditors|5,284,939|24,913|
|Accrued expenses|97,667|47,141|
|Deposirs &I year|4,872,942|5,475,168|
|Conditional
donations|3346 126|3193.912|
|Total|15.387 119|10875405|