2021-03-31-accounts - The Angel Foundation

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						Page
Trustees' annual report (incorporating			the	directors'	report)
Independent auditor's	report to	the members				15
Statement of financial	activities	(including		income and
expenditure account)						19
Statement of financial	position					20
Statement of cash flows						21
Notes to the financial	statements					22

Registered	Registered	charity	name	name	The Angel Foundation	The Angel Foundation
Charity registration			number		1079501
Company		registration		number	3818138
Principal office	office and		registered		27 Burrington Plymouth	Way
					PL5 3LR
The trustees					S Beik			(Resigned 13August 2020)
					C Cole
					DW Simpson
					R Simpson
Secretary					PV Le Druillenec
Auditor					Thomas Westcott
					Chartered accountants		&statutory	auditor
					Plym House
					3 Longbridge	Road
					Marsh Mills
					Plymouth
					PL6 8LT
Bankers					Barclays
					20 Lemon Street
					Truro
					Cornwall
					TR1 2NB
Solicitors					Geldards LLP
					Dumfries House
					Dumfries Place
					Cardiff
					CF103ZF

						2021					2020
							Total from
				Unrestricted	Restricted	Total	continuing	Discontinued
		Note		funds	funds	funds	operations P		operations	Total funds
Income and endowments
Donations and legacies Charitable activities Investment income		5 6 7		3,076,377 289~299 12921		3,076,377 289,299 12,921	4,222,699 647,393 920		150,407		4,222,699 797,800 920
Other income		8		35		35
Total income				3,378,632		3,378,632	4,871,012		150,407		5,021,419
Expenditure
Expenditure on
charitable activities Other expenditure		9,10 12		3,091,476 (6,318)	36,575	3,128,051 (6,318)	4,013,273		279,985		4,293,258
Total expenditure				3,085,158	36,575	3,121,733	4,013,273		279,985		4,293,258
Net gains on investments		13					121,232				121,232
Gains/(losses) on foreign
exchange Transfers between	funds						101,958		(6,255) (101,958)		(6,255)
Net income				293,474	(36,575)	256,899	1,080,929		(237,791)		843,138
Extraordinary items		18	(2,103,141)			(2,103,141)',
Net movement in funds			(1,809,667)		(36,575)	(1,846,242)	1,080,929		(237,791)		843,138
Reconciliation offunds
Total funds brought	forward			377,486	41,845	419,331	(661,598)		(237,791)		(423,807)
Total funds carried	forward		(1,432,181)		5,270	(1,426,911)	419,331				419,33 I

			2021	2020
		Note
Fixed assets
Intangible assets		20		627,756
Tangible fixed assets		21	41,531	50,109
Investments		22	2
			41,533	677,865
Current assets
Debtors		23	521,549	504,793
Cash at bank and in hand			489,061	349,050
			1,010,610	853,843
Creditors: amounts	falling due within one year	24	1,725,913	1,112,377
Net current liabilities			715,301	258,534
Total assets less current liabilities			(673,770)	419,331
Creditors: amounts	falling due after more than one year	25	753,141
Net liabilities			(1,426,911)	419,331
Funds ofthe charity
Restricted funds			5,270	41,845
Unrestricted funds			(1,432,181)	377,486
Total charity funds		28	(1,426,911)	419,331

				2021	2020
Cash flows from operating		activities
Net income				256,899	843,138
Adjustments for:
Depreciation, amortisation	and impairment			22,785	216,457
Interest payable and similar Loss on disposal of intangible		charges assets		627,756	37,798 34,965
Changesin:
Trade and other debtors Trade and other creditors				(16,758) 10,132	215,497 (872,921)
Net cash from operating activities				900,814	474,934
Cash flows from investing		activities
Purchase of tangible assets Capitalised intangible fixed	asset expenditure			(14,207)	(12,973) (224,210)
Net cash used in investing	activities			(14,207)	(237,183)
Cash flows from financing		activities
interest paid Repayments of loans Repayment of finance lease				(21,065) (725,531)	(37,798) (19,809) (1,576)
Net cash used in financing	activities			(746,596)	(59,183)
Net increase in cash and cash equivalents Cash and cash equivalents at beginning			of year	140,011 349,050	178,568 170,482
Cash and cash equivalents		at end ofyear		489,061	349,050

trustees. In the event of limited to E1 per member Donations and legacies	the charity being wound up, ofthe charity.	the liability in	respect of the	guarantee i
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
			E
Donations
Donations	3,076,377	3,076,377	4,222,699	4,222,699

Charitable activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
Sale of airtime Royalties Advertisement	289,299	289,299	418,702 348,000 31,098	418,702 348,000 31,098
	289,299	289,299	797,800	797,800

7.	Invest	ment income
			Unrestricted	Total	Funds	Unrestricted	Total	Funds
			Funds		2021	Funds		2020
						E
	Other Rental	interest income	2,221 10,700		2,221 10,700	920		920
			12,921		12,921	920		920
8.	Other	income
			Unrestricted	Total	Funds	Unrestricted	Total	Funds
			Funds		2021	Funds		2020
	Other	income	35		35
			35		35

Expenditur	e on charitable activities	by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
Charitable	expenditure	3,091,476	36,575	3,128,051
		3,091,476	36,575	3,128,051
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
Charitable	expenditure	4,293,258		4,293,258
		4,293,258		4,293,258

Expenditure	on charit	able activities	by activity type
			Activities
			undertaken	Support	Total funds	Total fund
			directly	costs	2021	2020
			P
Production Governance	of Christian costs	programmes	2,849,666	278,385	2,849,666 278,385	4,190,885 102,373
			2,849,666	278,385	3,128,051	4,293,258

				Analysis of
				costs	Total 2021	Total 2020
Staff costs				1,237,769	1,237,769	1,821,910
Transmission costs Freelance fees Bank charges				861,409 148,761 48,191	861,409 148,761 48,191	876,507 285,190 39,840
Interest				21,065	21,065	37,798
Travelling and	subsistence			3,227	3,227	205,617
Telephone, postage and		stationery		194,990	194,990	202,252
Establishment	costs			147,886	147,886	192,512
Tithe donations				1,000	1,000	7,497
Other (including exchange			gains/losses)	162,583	162,583	305,306
Impairment of	intangible	assets				115,987
Amortisation of intangible			assets			74,939
Depreciation oftangible		assets		22,785	22,785	25,530
				2,849,666	2,849,666	4,190,885

12.	Analysis	o	fgovernanc	e	co	sts
									Total 2021	Total 2020
	Audit								19,794	36,369
	Legal and	professional							258,591	66,004
									278,385	102,373
13.	Net gains	on investments'
							Unrestricted	Total Funds	Unrestricted	Total Funds
							Funds	2021	Funds	2020
							E
	Gains on	investments		in	group
	undertakings								121,232	121,232
14.	Net income
	Net income		is stated after charging/(crediting):
									2021	2020
	Amortisation		of intangible		assets					74,939
	Depreciation		oftangible		fixed	assets			22,785	25,531
	Gains on disposal oftangible Loss on disposal of intangible					fixed assets assets			(6,318)	28,635
	Impairment		of intangible		assets					115,987
15.	Auditors	remuneration
									2021	2020
	Fees payable for the audit of					the financial	statements		23,500	18,000

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2021	2020
					E
Wages and salaries				1,077,900	1,608,001
Social security costs				137,383	181,587
Employer	contributions	to pension	plans	22,486	32,322
				1,237,769	1,821,910

Staff costs	(continued)
The number	of employees	whose remuneration	for the year fell within the following	bands, were:
			2021	2020
260,000 to F70,000to	269,999 279,999		No. 3	No. 3 1
			3	4

Extraordinary	items
		2021	2020
Extraordinary	charges	(2,103,141)

Intangible assets
	Programme
	Library
Cost
At 1 April 2020 Additions	8,203,891
Disposals	(8,203,891)
At 31 March 2021
Amortisation
At 1 April 2020 Charge for the year	7,576,135
Disposals	(7,576,135)
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020	627,756

Tangible fixed ass	ets
	Long
	leasehold	Office	Motor		Computer
	property	equipment	vehicles	Equipment	equipment	Total
Cost
At 1 Apr 2020 Additions Disposals	28,364	54,535	10,194 (10,194)	743,799 1,198	1,184,494 13,009	2,021,386 14,207 (10,194)
At 31 Mar 2021	28,364	54,535		744,997	1,197,503	2,025,399
Depreciation
At 1 Apr 2020 Charge for the	27,186	48,138	10,194	740,979	1,144,780	1,971,277
year Disposals	1,178	2,121	(10,194)	2,845	16,641	22,785 (10,194)
At 31 Mar 2021	28,364	50,259		743,824	1,161,421	1,983,868
Carrying amount
At 31 Mar 2021		4,276		1,173	36,082	41,531
At 31 Mar 2020	1,178	6,397		2,820	39,714	50,109

Cost or valuation
At 1 April 2020
Additions
Disposals
At 31 March 2021
Impairment
At 1 April 2020
Disposals
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020

	2021	2020
Trade debtors Amounts owed by group undertakings	128,730 822	55,137 500
Amounts owed by related parties Prepayments and accrued income Other debtors	171,893 195,354 24,750	218,419 186,429 44,308
	521,549	504,793

Creditors: amounts falling due within one year
	2021	2020
Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes Sundry creditors	169,760 155,097 1,401,056	746,596 191,512 131,681 42,391 197
	1,725,913	1,112,377

25.	Creditors: amounts falling due aft	er more than one year
			2021	2020
	Social security and other taxes		753,141
26.	Finance leases and hire purchase	contracts

26.	Finance leases and hire	purchase contra	cts
	The total future minimum as follows:	lease payments	under finance leases and hire purchase	contracts are
			2021
	Not later than 1 year Later than 1 year and not	later than 5years	2,316 9,264
			11,580	13,896
27.	Deferred income
			2021	2020
	At 1 April 2020 Amount released to income Amount deferred in year		P 45,839 (45,839) 53,354	E 45,839
	At 31 March 2021		53,354	45,839

							Gains/losses	At
			At 1 April 20		Income	Expenditure	and transfers	31 March 21
					E
Unrestricted	funds		377,486	3,378,632		(5,188,299)		(1,432,181)
			. At				Gain/losses	At
			1 April 19		Income	Expenditure	and transfers	31 March 20
Unrestricted	funds		(415,378)	3,829,411		(3,097,882)	61,335	377,486
Foreign exchange		reserve	(54,456)				54,456
Minority interest			4,182		2,177	(5,545)	(814)
			(465,652)	3,831,588		(3,103,427)	(3,103,427)	377,486
Restricted funds
								At
			At	1 April 20		Income	Expenditure	31 March 21
Tsunami appeal					35,652		(36,652)
Sudan appeal					5,270			5,270
Kenya appeal					712		(923)
Haiti appeal					211		(211)
					41,845		(36,575)	5,270
								At
			At	1	April 19	Income	Expenditure	31 March 20
Tsunami appea					35,652			35,652
Sudan appeal					5,270			5,270
Kenya appeal					712			712
Haiti appeal					211			211
					41,845			41,845

Analysis of net as	ts between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		P	E
Intangible assets
Fixed assets Current assets Creditors less than 1 Creditors greater than	year 1 year	41,533 1,005,340 (1,725,913) (753,141')	5,270	41,531 1,010,610 (1,725,913) (753,141)
Net liabilities		(1,432,181)	5,270	(1,426,911)
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
Intangible assets Fixed assets Current assets Creditors less than 1 Creditors greater than	year 1 year	627,756 50,109 811,998 (1,112,377)	41,845	627,756 50,109 853,843 (1,112,377)
Net liabilities		377,486	41,845	419,331

			Balance	Balance
			receivable	receivable
			by the	by the
			charity 2021	charity 2020
Angel Christian God TV Ltd	Television	Trust Inc	I71,893 822	218,419 500
			172,715	218,919