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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|
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|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||||
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|||||||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|
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||||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|
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|||||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|
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|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|
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|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||||
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|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|
##
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|||||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|
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|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|
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|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|
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|Extraordinary|items|||
|---|---|---|---|
|||2021|2020|
|Extraordinary|charges|(2,103,141)||
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|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|
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|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|
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|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|
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||||||||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|
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|Analysis of net as|se|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|
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||||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|
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