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|||||Uorsut|Dcsig-|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Note|ricted|nated||Restricted|2020|2019|2020|2019|
|||||Fund|Fund||Fund|||||
|||||f|f||f|I|f|f|f|
|Income and Expenditure||||||||||||
|Incoming Resources||||||||||||
|Incoming resources from|generated|||||||||||
|fllnds:||||||||||||
|Voluntary
income:||||||||||||
|Donations
and legacies|||2|1,658,646||||1,658,646|1,606,099|1,623,646|1,606,099|
|||||1,658,646||||1,658,646|1,606,099|1,623,646|1,606,099|
|Incoming resources from|charitable|||||||||||
|activities:||||||||||||
|Book shop|||3|1446||||1,246|14.007|1346|14,007|
|investment
income|||4|72,986||||72,986|55,974|72,986|55,974|
|Trading income|||5|240||||240|16,164|||
|Total Incoming
Resources||||1,733,118||0|0|1,733,118|1,692,244|1,697,878|1,676,080|
|Expenditure||||||||||||
|Raising funds|||8|6,672||||6,672|14,233|6,672|14,233|
|Trading Expenses|||5|46,402||||46,402|49,765|||
|Charitable
activities|||6|1,663,500||||1,663.500|2,313,704|1,663,500|2,313,704|
|Total Expenditure||||1,716,574||||1,716,574|2,377,702|1,670,172|2,327,937|
|Net Income/(expenditure)|and net|||16,544||||16.544|-685,458|27,706|-651,857|
|movemcnts
in funds for the||year||||||||||
|Reconciliation
offunds||||||||||||
|Total Funds Brought Forward||at01/01/20||6,034,938||||6,034,938|6,720,396|6,470,599|7,122,456|
|Prior Year Adjustment|||20|6,360||||6,360||6,360|0|
|Total Funds Carried Forward||at 31/12/2020||6,057,842||0|0|6,057,842|6,034,938|6,504,665|6,470,599|
##
|||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|2020|2019|2020|2019|
|Fixed Assets||||||||||
|Tangible Assets|||||12|7,532,920|7,262,380|6,304,443|6,315,564|
|Investments|||||13|||300|300|
|||||||7,532,920|7,262,380|6,304,743|6,315,864|
|Current Assets||||||||||
|Stock|||||||2,500|0|2,500|
|Debtors|||||15|332,705|743,449|2,031,236|2,119,267|
|Cash at Bank||and|in Hand|||513,510|563,758|488,579|562,074|
|||||||846,215|1,309,707|2,519,815|2,683,841|
|Creditors: Amounts||||falling due||||||
|within|||one year||16|454,860|458,549|453,460|450,506|
|Net Current||Assets||||391,355|851,158|2,066,355|2,233,335|
|Total Assets||Less Current Liabilities||||7,924,275|8,113,538|S,371,098|8,549,199|
|Creditors: Amounts||||falling due over|17|1,866,433|2,078,600|1,866,433|2.078,600|
|one||year||||||||
|Net Assets||||||6,057,842|6,034,938|6,504,665|6,470,599|
|Represented||By:||||||||
|Non-Charitable||Trading Funds|||19|-446,823|-435,661|||
|Unrestricted|Funds||||19|6,504,665|6,470,599|6,504,665|6,470,599|
|||||||6,057,842|6,034.938|6,504,665|6.470,599|
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||f|f|
|Cash used in operating|activities||||||
|Net movememt
in funds|||||16,544|685,458|
|Add back depreciation|||||261,973|237359|
|Deduct interest income|||||||
|in investing
activities|||||50|11,059|
|Add interest paid|||||69,864|86,367|
|(Increase)
decrease in stocks|||||2,500||
|(Increase) Decrease in debtors|||||410,744|79349|
|Increase (decrease) in creditors|||||3,689|90,104|
||||||757dgt6|203,438|
|Cash flows from investing||activities|||||
|Purchase oftangible
fixed||assets|||844.346|1,003.004|
|Interest income|||||50|11,059|
|Interest paid|||||69,864|86,367|
|Cash provided
by (nsed|in)||investing||||
|activities|||||914,160|1,078412|
|Cash flows from financing|||activities||||
|New loans in year|||||||
|Repayment ofborrowing|||||212,167|209,421|
|Proceeds ofsale offixed|assets||||318,193||
|Cash used in fiaaaciag|nativities||||106,026|209,421|
|Increase (decrease) in cash||and cash|||||
|equivalents
in the yem|||||50448|1,491,171|
|Cash and cash equivalents||at|the||||
|beginning ofthe year|||||563,758|2,054,929|
|Total cash and cash equivalents||||at the end|||
|ofthe year|||||513)510|563,758|
##
|1.9 Foreign Currencies||
|---|---|
|Monetary
assets and liabilities
in foreign cununcies
are translated
into sterling atthe rates|ofexchange|
|ruling
at the balance sheel date. Transactions
in foreign cturencfes are translated
into sterling at the rate||
|ruling
on the date ofthe tisnstxuoa.
Exchange differences sre taken into account in arriving at the||
|operating
profit.||
|The functional
currency is2sterling.||
|1.10Debtors
Basic financial assets, including
mule and other debuna,
and debts from related pames are initially
recognised at transaction
price, unless the~t constitutes
a financial uansaction,
where the||
|transaction
is messmed
at tbe present value offuture receipts discocuted
at amarket rate ofinterest||
|Such assets are subsequently
cerned at amorlised
casts using the effective kucum method,|less any|
|impairmcnL||
|1.11Cash and Cash Equivalents||
|Cash and cash equivalents
are ccpscseated by cash in band aud deposits hdd at call with financial||
|Ills'tltutlcns.||
|1.12Creditors||
|Basic financial liabilities, including
trade, related parties and other creditom, loans from third parties and||
|loans from related parties are intitially
recognised at transaction
price, unless tbe smmgement||
|constitutes
a financial transaction,
where the debt iustnuuent
is measured at the present value ofthe||
|future payments
discounted
at amarket rate ofinteresk
Such iustrulnents
are subsequently|cerned|
|at amortiscd cost using the effective interest method, less any impairment.||
|1.13Interest income||
|Interest mcome is recognised in profit orloss using ihe efiective interest method.||
|1.14 Going concern||
|At the end ofthe year the gmup has net current assets off391,333and net assets of|K6,057,842.|
|The results for the year show the gmup had a surplus of216,544||
##
##
##
##
|||Gmup|Chwfty|Gmup|Charity|
|---|---|---|---|---|---|
|||2020|2020|2019|2019|
|||Unrestricted|Unrestricted|Unrestricted|Umemricted|
||||f||8|
|2.Donations|and Legacies|||||
|Donations||1,214,155|1,214,155|1,381,119|1,381,119|
|Gift Aid||203,007|203,007|224,980|224,980|
|Business Rates||45,000|10,000||0|
|Coronavirus|Job Retention Scheme|196,484|196,484|||
|||1,658,646|1,623,646|1,606,099|1,606,099|
|||Group|Charity|Group|Charity|
|||2020|2020|2019|2019|
|3.Shop income||Unrestricted|Unrestricted
f|Umestrictcd
f|Unrestricted|
|Shop mcome||1,246|1346|14,007|14,007|
|||1346|1,246|14,007|14,007|
|||Gmup|Charity|Gmup|Charity|
|||2020|2020|2019|2019|
|4.Investment|income|Unrestricted|Unrestricted|Unrestricted|Unresuicted|
||||f|f||
|Deposit account interest||50|50|11,059|11,059|
|Rent Received||72,936|72,936|44,915|44,915|
|||72,986|72,9&6|55,974|55,974|
|5.Trading Income and Costs||||||
|||2020|||2,019|
|||6|||6|
|Trading Income||240|||16,164|
|Administration||-46,402|||-49,765|
|Government
grant received||35,000||||
|Operating|Profit/(Loss)|-11,162|||16,164|
|Profit/(Loss)||-11,162|||16,164|
##
##
|Cost ofcharitable
activities||||||
|---|---|---|---|---|---|
||Unrest-|Designated|Reshictad|Total|Total|
||bled|||||
|||||2020|2019|
||f|||f|f|
|StaffCasts|523,989|||523,989|539,242|
|Social Security cast|45,244|||45244|53,719|
|Employer's
pension cost|38,635|||38,835|37,720|
|Rent aud rates|3,537|||3,537|19,810|
|insurance|13,325|||13,325|19,897|
|Statf medical aad life insurance|26,289|||26,289|30,928|
|Light and heat|24,329|||24,329|33,745|
|Telephone|14,607|||14,697|9,716|
|Post, stationery
snd soihvare|10,009|||10,009|10,966|
|Mission and ministry giga|71,530|||71,530|146,738|
|Chttstmm
cclcbrstam|53,322|||53,322|63,781|
|Mimstpl cxpcllscs|144,709|||144,709|334,725|
|Trsmmg cxpcnscs|58,260|||58,260|52,415|
|Service charges|17,953|||17,953|18,952|
|Repairs and maintenance|95,513|||95,513|81,720|
|TV and radio broadcast|103,987|||103,987|117,599|
|Outreach events|58,059|||56,059|109,838|
|Easter celebration|0|||0|7,813|
|New year celebration|6,198|||6,198|27,268|
|Music production
coal|0|||0|18,328|
|Convention|2,694|||2,694|216,828|
|Subscripttons|10,581|||10,561|4,347|
|Depreciation
—fixtures R fittings|48,495|||48,495|43,725|
|Depreciation
—freehold property|167,962|||167,962|184,323|
|Depreciation
—plant tk macbinety|B,BM|||6,008|2,950|
|Mortgage interest|69.864|||69.864|88,367|
|Advertising|6,998|||6,998|0|
|Governance
cost (note 8)|43,423|||43,423|60,444|
||1,663,500|||1,663,590|2,313,704|
||||Unrmt-|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||icied|||||
|||||||2020|2019|
|||||||f|f|
|7.|Governance|costs||||||
||Auditor's remeaeration||6,600|||6,600|6,600|
||Legal and professional||20,388|||20,388|32,046|
||Bank charges||16,435|||16.435|23,398|
||||43,423|||43,423|62.044|
##
##
##
##
|12. Fixed Assets||For tbe Ye|ar Ended 31|December 2|020|
|---|---|---|---|---|---|
||Furniture|Freehold|Motor|Machinety|Total|
||Fixtures St|Propeny|Vehicles|||
||Equipment|||||
||E|||||
|Cost||||||
|At IJanuary 2020|934,213|9,430,143|23,658|435,956|10,823,970|
|Addition|23,014|821,332|||844,346|
|Disposal|-200|-317993|-23,658||-341,851|
|At 31December 2020|957,027|9,933,482|0|435,956|11,326,465|
|Depreciation:||||||
|At I Janumy 2020|822,331|2,288,362|23,658427,239||3,561,590|
|Charge for the year|50,857|205,108||6,00S|261,973|
|Disposal||4,360|-23,658||-30,018|
|At 31December 2020|873,1882,487,110||0|433,247|3,793,545|
|Net BookValue:||||||
|At 31December 2020|83,839|7,446,372||2,709|7,532,920|
|At 31December 2019|111,882|7,141,7$1||8,717|7,262,3$0|
|13. Fixed Asset Invcstntent|||Substdiary|||
||||Undertaking||Total|
||||Shares|||
||||f|||
|Cast||||||
|At 31December 2020|||300||300|
|At 31December 2019|||300||300|
##
|14.|Stock|||||||
|---|---|---|---|---|---|---|---|
|||||2020|2019|||
|||||f|f.|||
||Books,|tapes etc||0|2500|||
|15.|Debtors|||||||
|||||Group|Group|Charity|Ciuuity|
|||||2020|2019|2020|2019|
|||||f|f|f||
||Amounts|owed by group undertakings||||1,699,338|1,375,818|
||Other debtors|||312,008|733,838|312,00&|733,838|
||Prepayments|||20,697|9,611|19,890|9,611|
|||||332,705|743,449|2,031,236||
|16.|Creditors: Amounts||falfiag duc within one year|||||
|||||Group|Group|Charity|Cbmity|
|||||2020|2019|2020|2019|
||||||E|f|f|
||Bank loans and overdrails|||285,417|290,162|285,417|290,162|
||Trade creditors|||18,470|55,558|18,470|48,715|
||Other Taxes dt Social||Security|34,917|29,474|34,917|29,474|
||Other creditors|||4,260|4,313|4,260|4,313|
||Deferred|income||7,555|13,922|7,555|13,922|
||Accrued|expenses||104,241|65,120|102,841|63,920|
|||||454,860|45$,549|||
|||||21||||
##
|Cred|itors: Amounts
falling|duc over oae year||||
|---|---|---|---|---|---|
|||Gmup|Group|Charity|Charity|
|||2020|2019|2020|2019|
|||f|f||f|
|Bank|Loans|1,866433|2078600|1,866,433|2,078,600|
##
|.Movement
i|a Funds||||||
|---|---|---|---|---|---|---|
|||Balsnoe|Incoming|Resources|Prior Year|Balance|
|||At|Resources|Expended|Adjustment|At|
|||01/01/2020||||31/I2/2020|
|||f||||f|
|Unrestricted|funds||||||
|Geoeral fund||6,470,599|1,697,878|1,670,172|6,360|6,504,665|
|Total funds||6,470,599|1,697,$78|1,670,172|6,360|6,504,665|
|19. Analysis ofNct Assets Betw|een Funds|||||||
|---|---|---|---|---|---|---|---|
||Restricted|Unrestricted|Non-Charimbte|Designated|Revaluation||Total|
||||Trading Funds|||||
|||f|||||f|
|Current Assets|0|2,066,355|-1,675,000||||391355|
|Fixed Assets|0|6304,443|1,228,477|||0|7,532,920|
|Loan||-1,866,433|||||-1,866,433|
|investment||300|-300||||0|
||0|6,504,665|-446,823|0||0|6,057,842|
##
##
##
|||Gateway|Gateway|Vista||Ncw Wine||Gateway|Vista||New Wine||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Incorporated||lfospltslity||Central||lacorporsted|Hospitality||Central||
|||Ltd||Ltd||Ltil||Ltd|Ltd||Ltd||
||||2020||2020||2020|2019||2019||2019|
|Trading Income|||240|||||16,164|||||
|Admmistrauon|||46,402|||||-49,765|||||
|Other opeiatmg|mcome||35,000||||||||||
|Operating
Profit/(Loss)|||-I 1,162|||||-33,601|||||
|Surplus|||-11,162|||||-33,601|||||
|The aggregate ofthe assets.||liabilities|and 1'unde were.||||||||||
|Assets|||1,254,015||'I00||100|948,300||100||100|
|I iabilit ice|||-1,700,738||0|||-1,383,861||0||0|
|Shareholder
Punds|||-446,723||||100|-435,561||100|||
##
##
##