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|||||||Page|
|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating|||the|director's|report)||
|Independent
auditor's|report to|the members||||15|
|Statement offinancial|activities|(including||income and|||
|expenditure
account)||||||20|
|Statement offinancial|position|||||21|
|Statement ofcash flows||||||22|
|Notes to the financial|statements|||||23|
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|Registered|charity|name|name|The Angel Foundation|The Angel Foundation|||
|---|---|---|---|---|---|---|---|
|Charity registration||number||1079501||||
|Company registration|||number|3818138||||
|Principal office||||Melville
Building||||
|||||Royal William|Yard|||
|||||Plymouth||||
|||||Devon||||
|||||PL1 3RP||||
|Registered|office|||Westcotts||||
|||||Plym House||||
|||||3 Longbridge|Road|||
|||||Marsh
Mills||||
|||||Plymouth||||
|||||PL6 8LT||||
|The trustees||||CJCole||||
|||||D W Simpson||||
|||||RW Simpson||||
|Secretary||||P V Le Druillenec||||
|Auditor||||Westcotts (SW) LLP||||
|||||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||||
|||||Dumfdies Place||||
|||||Cardiff||||
|||||CF103ZF||||
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||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestdicted|Restricted|||
|||||||funds|funds|Total funds|Total funds|
||||||Note|6|E|E||
|Income and endowments||||||||||
|Donations
and legacies|||||5|3,046,593||3,046,593|3,076,377|
|Charitable
activities|||||6|347,459||347,459|289,299|
|Investment
income|||||7|34,068||34,068|12,921|
|Other income|||||8|8,640||8,640|35|
|Total income||||||3,436,760||3,436;760|3,378,632|
|Expenditure||||||||||
|Expenditure
on raising funds:||||||||||
|Costs of raising||donations||and||||||
|legacies|||||9|77,492||77,492||
|Expenditure
on charitable|||activities||10,11|2,552,105|5,270|2,557,375|3,128,051|
|Other expenditure|||||12|(1,838)||(1,838)|(6,318)|
|Total expenditure||||||2,627,759||2,633,029|3,121,733|
|Net income||||||809,001|5,270|803,731|256,899|
|Extraordinary
items|||||17||||(2,103,141)|
|Net movement
in funds||||||809,001|5,270|803,731|(1,846,242)|
|Reconciliation
offunds||||||||||
|Total funds brought|forward|||||(1,432,181)|5,270|(1,426,911)|419,331|
|Total funds carried||forward||||(623,180)|—|(623, 180)|(1,426,911)|
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|31 March 2022|||||
|---|---|---|---|---|
||||2022
6|2021f|
|Fixed assets|||||
|Tangible fixed assets||19 .|55,365|41,531|
|Curmnt assets|||||
|Debtors||20|329,210|521,551|
|Cash at bank snd in hand|||354,556|489,061|
||||683,766|1,010,612|
|Creditom: amounbi|falling' due within one year|21|1,029,170|1,725,913|
|Net current gablilges|||345,404|715,301|
|Total assets less current liabiliigies|||(290,039)|(673,770)|
|c|||||
|Creditors: amounts|falling due aller more than one year||333,141|753,141|
|Net gsbgltles|||(623,180)|(1,426,911)|
|Funds ofthe charity|||||
|Restricted funds||||5,270|
|Unresiricied
funds|||(623,180)|(1,432,181)|
|Totalcharityfunds||25|(623,180)|(1,426,911)|
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|Year ended 31 March|2022||||
|---|---|---|---|---|
||||2022|2021|
||||6||
|Cash flows from operating|activities||||
|Net income|||803,731|256,899|
|Adjustments
fan|||||
|Depreciation
oftangible fixed assets|||25,988|22,785|
|Other interest receivable and|similar income||(34,068)||
|Interest payable and similar|charges||6,726|45,644|
|Loss on disposal of intangible|assets|||627,756|
|Accrued expenses|||5,248||
|Changes in:|||||
|Trade and other debtors|||192,341|(16,758)|
|Trade and other creifitors|||(1,417,952)|10,132|
|Cash generated
from operations|||(417,986)|946,458|
|Interest paid|||(6,726)|(45,644)|
|Interest received|||34,068||
|Net cash (used in)/from
operating
activiTies|||(390,644)|900,814|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(39,822)|(14,207)|
|Nst cash used in investing
activities|||(39,822)|(14,207)|
|Cash flows from financing|activities||||
|Repayments
ofloans||||(725,531)|
|Interest paid||||(21,065)|
|Proceeds from loans fram group undertakings|||295,961||
|Net cash from/(used
in) financi'ng
activities|||295,961|(746,596)|
|Net (decrease)/increase
in|cash and cash|equivalents|(134,505)|140,011|
|Cash and cash equivalents|at beginning|ofyear|489,061|349,050|
|Cash and cash equivalents|at end ofyear||354,556|489,061|
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|over the useful economic
life oft|hat asset as follo|ws:|
|---|---|---|
|Leasehold
property|25%straight|line|
|improvements|||
|Office furniture
and equipment|25%straight|line|
|Motor vehicles|25%straight|line|
|Studio equipment|25%straight|line|
|Computer
equipment|25%straight|line|
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|5.|the event o
member of
Donations|fthe charity being w
the charity.
and legacies|ound
up, the liability
in|respect ofthe g|uarantee
is lim|ited to 61 per|
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds
f|2022
f|Funds|2021|
||Donations||||||
||Donations||3,046,593|3,046,593|3,076,377|3,076,377|
|6.|Charitable|activities|||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2022
f|Funds|2021|
||Sale ofairtime||347,459|347,459|289,299|289,299|
|7.|Investment|income|||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds
6|2022
f|Funds|2021
5|
||Other interest||34,068|34,068|12,921|12,921|
|8.|Other income||||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds
E|2022
f|Funds|2021|
||Other income||8,640|8,640|35|35|
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|9.|Costs of r|a|ising donat|ion|s
and legac|ies||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2022
6|Funds
f|2021
f|
||Costs of raising donations||||and legacies|||||
||—Donations||and legacies|||77,492|77,492|||
|10.|Expenditure||on charitable||activities by fund type|||||
||||||||Unrestricted|Restricted|TotalFunds|
||||||||Funds
f|Funds
6|2022
6|
||Charitable|activities|||||2,526,050|5,270|2,531,320|
||Governance||costs||||26,055||26,055|
||||||||2,552,105|5,270|2,557,375|
||||||||Unrestricted|Restriicted|Total Funds|
||||||||Funds|Funds|2021|
||||||||E|6|6|
||Chariitable|activities|||||2,813,091|36,575|2,849,666|
||Governance||costs||||278,385||278,385|
||||||||3,091,476|36,575|3,128,051|
|11.|Expenditure||on charitable||activities by activity type|||||
|||||||Activities||||
|||||||undertaken|Governance|Total funds|Total fund|
|||||||directly|costs|2022|2021|
|||||||6|E|6||
||Charitable|activities||||2,531,320||2,531,320|2,849,666|
||Governance||costs||||26,055|26,055|278,385|
|||||||2,531,320|26,055|2,557,375|3,128,051|
|12.|Other expenditure|||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds
f|2022
E|Funds
6|2021|
||Gain on disposal oftangible||||fixed|||||
||assets held||for charity's|own use||(1,838)|(1,838)|(6,318)|(6,318)|
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||Net income i|s sta|ted after cha|rging/(creditin|g):|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E||
||Depreciation|oftangible fixed||assets||25,988|22,785|
||Gains on disposal||oftangible|fixed assets||(1,838)|(6,318)|
||Foreign exchange||differences|||109,705|162,582|
|14.|Auditors
remuneration|||||||
|||||||2022|2021|
||||||||E|
||Fees payable|for|the audit of|the financial|statements|18,500|23,500|
|Staff costs||||||
|---|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period|are analysed as|follows:|
|||||2022|2021|
|||||E||
|Wages and salaries
Social security costs||||897,972
85,699|1,077,900
137,383|
|Employer contributions|to pension|plans||18,969|22,486|
|||||1,002,640|1,237,769|
|The averag|e head count o|f employees
during t|he year was 33(2021:28).||
|---|---|---|---|---|
|The number|of employees|whose remuneration|forthe year fell within the following|bands, were:|
||||2022|2021|
||||No.|No.|
|660,000to|F69,999||2|3|
|670,000to|679,999||1||
||||3||
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|19.|Tangible fixed asse|ts|||||||
|---|---|---|---|---|---|---|---|---|
|||||Long|||||
|||||leasehold|Fixtures and||Computer||
|||||property|fittings|Equipment|equipment|Total|
|||||E|E|E|E|E|
||Cost||||||||
||At 1 April 2021|||28,364|54,534|744,998|1,197,503|2,025,399|
||Additions||||1,000|34,774|4,048|39,822|
||At 31 March 2022|||28,364|55,534|779,772|1,201,551|2,065,221|
||Depreciation||||||||
||At 1 April 2021|||28,364|50,259|743,824|1,161,421|1,983,868|
||Charge forthe year||||2,350|5,670|17,968|25,988|
||At 31 March 2022|||28,364|52,609|749,494|1,179,389|2,009,856|
||Carrying
amount||||||||
||At 31 March 2022||||2,925|30,278|22,162|55,365|
||At 31 March 2021||||4,275|1,174|36,082|41,531|
|20.|Debtors||||||||
||||||||2022|2021|
||||||||E|E|
||Trade debtors||||||129,697|128,730|
||Amounts
owed by group undertakings||||||2|824|
||Amounts
owed by undertakings||in|which the|charity has a||||
||partidpating
interest|||||||171,893|
||Prepayments
and accrued income||||||143,714|195,354|
||Other debtors||||||55,797|24,750|
||||||||329,210|521,551|
|21.|Creditors: amounts|falling due|within one||year||||
||||||||2022|2021|
||||||||E|E|
||Trade creditors||||||108,511|169,760|
||Amounts
owed to group undertakings||||||295,961||
||Accruals and deferred income||||||158,851|155,097|
||Social security and other taxes||||||465,847|1,401,056|
||||||||1,029,170|1,725,913|
|22.|Creditors: amounts|falling due after more than one year|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
||Social security and|other taxes|333,141|753,141|
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|Deferred income||||
|---|---|---|---|
|||2022
E|2021f|
|At 1 April 2021||53,354|45,839|
|Amount
released|to income|(53,354)|(45,839)|
|Amount
deferred|in year|51,860|53,354|
|At 31 March 2022||51,860|53,354|
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|||||At||||At|
|---|---|---|---|---|---|---|---|---|
||||1|April 2021
F|Income
E|Expenditure
f|31 March 2022
f||
|Unrestricted|general|reserves||(1,432,181)|3,436,760|(2,627,759)||(623,180)|
|||||At||||At|
||||1|April 2020
f|Income
F|Expenditure||31 March 2021
F|
|Unrestricted|general|reserves||377,486|3,378,632|(5,188,299)||(1,432,181)|
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|Analysis ofcharitable
fund|Analysis ofcharitable
fund|s f~nvnvev)|||||
|---|---|---|---|---|---|---|
|Restricted funds|||||||
|||At||||At|
|||1 April 2021|income|Expenditure|31|March 2022|
|||||E|||
|Sudan appeal||5,270||(5,270)|||
|||5,270||(5,270)|||
|||At||||At|
|||1 April 2020|Income|Expenditure|31|March 2021|
|||E|E|E|||
|Tsunami|appeal|35,652||(35,652)|||
|Sudan appeal||5,270||||5,270|
|Kenya appeal||712||(712)|||
|Haiti appeal||211||(211)|||
|||41,845||(36,575)||5,270|
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|Analysis ofnet as|se|ts between funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
|||||6||
|Tangible fixed assets|||55,365||55,365|
|Cunent assets|||683,766||683,766|
|Creditors less than|1|year|(1,029,170)||(1,029,170)|
|Creditors greater than||1 year|(333,141)||(333,141)|
|Net liabilities|||(623,180)||(623,180)|
||||Unrestricted|Restricted|Total Funds|
||||Funds
f|Funds
6|2021
6|
|Intangible assets||||||
|Tangible fixed assets|||41,533||41,533|
|Current assets|||1,005,340|5,270|1,010,610|
|Creditors less than|1|year|(1,725,913)||(1,725,913)|
|Creditors greater than||1 year|(753,141)||(753,141)|
|Net liabilities|||(1,432,181)|5,270|(1,426,911)|
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|Anal|ysis ofchanges
in net debt||||
|---|---|---|---|---|
|||||At|
|||At 1 Apr 2021|Cash flows|31 Mar 2022|
|||8|||
|Cash|at bank and in hand|489,061|(134,505)|354,556|
|Debt|due within one year||(295,961)|(295,961)|
|||489,061|(430,466)|58,595|
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|Related parties|||||
|---|---|---|---|---|
||||Balance|Balance|
||||receivable/|receivable/|
||||(payable)|(payable)|
||||by the|by the|
||||charity 2022|charity 2021|
|Angel Christian|Television|Trust Inc|(295,939)|171,893|
|God TV Ltd|||(22)|822|
||||(295,961)|172,715|
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|The total f
as follows:|utur|e
minimum
lease payments
under finance le|ases and hire purchase
co|ntracts are|
|---|---|---|---|---|
||||2022|2021|
||||6|6|
|Not later than||1 year|2,316|2,316|
|Later than|1 year and not later than 5years||3,474|9,264|
||||5,790|11,580|