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|||Page|
|---|---|---|
|Trustees report|||
|Independent
auditor's|report|6-9|
|Statement
offinancial|activities|10|
|Balance sheet|||
|Statement
ofcash flows||12|
|Notes to the financial|statements|13-23|
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||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2021
f|2021
E||2020
f|2020
f|2020f|
|Donations||3|1,213,165||1,213,165|682,580||682,580|
|Other trading
activities||4|18,000||18,000|18,000||18,000|
|Investments||5|22||22|67||67|
|Other income||6||8,943|8,943||24,545|24,545|
|Total income and|||||||||
|endowments|||1,231,187|8,943|1,240,130|700,647|24,545|725,192|
|e
t eon:|||||||||
|Raising funds|||92,921||92,921|77,423||77,423|
|Charitable
activities|||572,053||572,053|672,788||672,788|
|Total expenditure|||664,974||664,974|750,211||750,211|
|Net gains/(losses)
investments|on|12|(1,660)||(1,660)|30,637||30,637|
|Net movement
in|funds||564,553|8,943|573,496|(18,927)|24,545|5,618|
|Fund balances at 1 January
2021|||9,353,806||9,353,806|9,348,188||9,348,188|
|Fund balances at|31||||||||
|December 2021|||9,918,359|8,943|9,927,302|9,329,261|24,545|9,353,806|
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|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|K||
|Fixed assets||||||
|Tangible assets|||13|11,555,523|11,760,376|
|Current assets||||||
|Stocks|||14|9,714|9,201|
|Debtors|||15|3,031|11,900|
|Investments|||16|137,954|58,433|
|Cash at bank and|in|hand||780,900|553,970|
|||||931,599|633,504|
|Creditors: amounts||falling due within||||
|one year|||18|(235,034)|(287,822)|
|Net current assets||||696,565|345,682|
|Total assets less|current liabilities|||12,252,088|12,106,058|
|Creditors: amounts||falling due after||||
|more than one year||||(2,324,786)|(2,752,252)|
|Net assets||||9,927,302|9,353,806|
|Capital funds||||||
|Endowment
funds||||8,943|24,545|
|Income funds||||||
|Unrestricted
funds|- general|||9,918,359|9,329,261|
|||||9,927,302|9,353,806|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||F||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||23||783,913||121,672|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(74,266)||(1,630)||
|Proceeds|from disposal of|investments||(60,690)||368,274||
|Investment|income received|||22||67||
|Net cash|(used in)/generated
from|||||||
|investing|activities||||(134,934)||366,711|
|Financing|activities|||||||
|Repayment|of bank loans|||(422,049)||(437,733)||
|Net cash used in financing||activities|||(422,049)||(437,733)|
|Net increase
in cash and cash equivalents|||||226,930||50,650|
|Cash and|cash equivalents|at beginning|ofyear||553,970||503,320|
|Cash and|cash equivalents|at end of|year||780,900||553,970|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||general|general|
||||2021f|2020
E|
|Donations|and|gifts|1,131,985|624,513|
|Other|||81,180|58,067|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2021|2020|
|18,000|18,000|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2021|2020|
|22|67|
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||||Endowment|Endowment|
|---|---|---|---|---|
||||funds|funds|
||||2021f|2020f|
|Coronavirus|Job Retention|Scheme Grant|8,943|14,545|
|Covid19 - Business support||grant||10,000|
||||8,943|24,545|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||general|general|
||||2021f|2020f|
|Fundraisin|n|u|||
|Food cost|||92,921|77,423|
||||92,921|77,423|
##
||||Charitable|Governance|Total|Total|
|---|---|---|---|---|---|---|
||||activities|costs|2021|2020|
||||2021|2021|||
||||f||||
|Charitable|activities||1||1|60,000|
|Donation|to charities||4,000||4,000|6,000|
||||4,001||4,001|66,000|
|Share of|support costs (see note 9)||550,638||550,638|589,550|
|Share of|governance|costs (see note 9)||17,414|17,414|17,238|
||||554,639|17,414|572,053|672,788|
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|Support|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2021|Support|Governance|2020|
|||costs|costs||costs|costs||
|Staff costs||67,282||67,282|74,373||74,373|
|Depreciation||260,288||260,288|253,352||253,352|
|Rent||14,960||14,960|12,047||12,047|
|Rates||14,469||14,469|27,017||27,017|
|Insurance||24,916||24,916|24,035||24,035|
|Light and|Hest|29,278||29,278|38,985||38,985|
|Cleaning|and Casual|37,771||37,771|35,759||35,759|
|Repairs and Renewals||31,040||31,040|37,982||37,982|
|Motor 8 Travel expenses||1,753||1,753|1,815||1,815|
|Printing,
postage and||||||||
|Telecom||2,110||2,110|3,419||3,419|
|Interest paid on Loan||59,187||59,187|76,408||76,408|
|Bank Charges||7,584||7,584|4,358||4,358|
|Audit fees|||8,790|8,790||9,090|9,090|
|Legal and|professional||8,624|8,624||8,148|8,148|
|||550,638|17,414|568,052|589,550|17,238|606,788|
|Analysed|between|||||||
|Charitable|activities|550,638|17,414|568,052|589,550|17,238|606,788|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||general|general|
||||2021|2020|
||||E|E|
|Revaluation|of|investments|(1,660)|18,769|
|Gain/(loss)|on|sale of investments||11,868|
||||(1,660)|30,637|
##
|13|Tangible fix|ed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Land and|Plant and|Fixtures, Motor vehicles||Total|
|||||buildings|machinery|fittings 8|||
|||||||equipment|f||
||Cost||||||||
||At 1 January|2021||13,044,970|32,161|142,228||13,219,359|
||Additions|||44,922|494||28,850|74,266|
||At 31 December 2021|||13,089,892|32,655|142,228|28,850|13,293,625|
||Depreciation||||||||
||At 1 January|2021||1,347,579|27,808|102,427||1,477,814|
||Depreciation|charged|in the year|246,995|832|7,383|5,078|260,288|
||At 31 December 2021|||1,594,574|28,640|109,810|5,078|1,738,102|
||Carrying
amount||||||||
||At 31 December 2021|||11,495,318|4,015|32,418|23,772|11,555,523|
||At 31 December 2020|||11,716,219|4,355|39,802||11,760,376|
|14|Stocks||||||||
||||||||2021|2020|
|||||||||f.|
||Finished goods and goods for resale||||||9,714|9,201|
##
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|15|Debtors||||
|---|---|---|---|---|
||||2021|2020|
||Amounts
falling due within one year:||||
||Other debtors||3,031|5,400|
||Prepayments
and accrued income|||6,500|
||||3,031|11,900|
|16|Current|asset investments|||
||||2021|2020|
||Donated|gold|137,954|58,433|
|1?|Loans and overdrafts||||
||||2021|2020|
||Bank loans||2,474,177|2,896,226|
||Payable|within one year|149,391|143,974|
||Payable|after one year|2,324,786|2,752,252|
||Amounts|included
above which fall due after five years:|||
||Payable|by instalments|1,876,613|2,320,329|
##
|Creditors: amounts
falling due within|one year|||
|---|---|---|---|
|||2021|2020|
||Notes|||
|Bank loans|17|149,391|143,974|
|Other creditors||72,563|133,360|
|Accruals||13,080|10,488|
|||235,034|287,822|
##
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|19|Creditors: amounts|falling due||after more than one||year||||
|||||||||2021|2020|
|||||||Notes|||F|
||Bank loans||||||17|2,324,786|2,752,252|
|20|Analysis ofnet assets||between|funds||||||
||||Unrestricted||Endowment|Total|Unrestricted|Endowment|Total|
|||||funds|funds||funds|funds||
|||||2021|2021|2021|2020|2020|2020|
||||||||F|||
||Fund balances at 31|||||||||
||December 2021 are|||||||||
||represented
by:|||||||||
||Tangible assets||11,555,523|||11,555,523|11,760,376||11,760,376|
||Current assets/(liabilities)||696,565|||696,565|345,682||345,682|
||Long term liabilities||(2,324,786)|||(2,324,786)|(2,752,252)||(2,752,252)|
||||9,927,302|||9,927,302|9,353,806||9,353,806|
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|Cash generated
from operations|Cash generated
from operations||||2021f|2020|
|---|---|---|---|---|---|---|
|Surplus for the year|||||573,496|5,618|
|Adjustments
for:|||||||
|Investment
Income recognised|in statement||offinancial|activities|(22)|(67)|
|Foreign exchange differences|||||(1,660)|18,769|
|Gain on disposal of investments||||||(11,868)|
|Fair value gains and losses on|investments||||1,660|(18,769)|
|Depreciation
and impairment
oftangible||fixed assets|||260,288|253,352|
|Movements
in working
capital:|||||||
|(Increase)/decrease
in stocks|||||(513)|7,537|
|Decrease
in debtors|||||8,869|37,191|
|(Decrease) in creditors|||||(58,205)|(170,091)|
|Cash generated
from operations|||||783,913|121,672|
##
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|Analy|sis ofchanges
in net (debt)/funds||||
|---|---|---|---|---|
|||At 1January|Cash flows|At 31 December|
|||2021||2021|
|||||f|
|Cash|at bank and in hand|553,970|226,930|780,900|
|Loans
Loans|falling due within one year
falling due after more than one year|(143,974)
(2,752,252)|(5,417)
427,466|(149,391)
(2,324,786)|
|||(2,342,256)|648,979|(1,693,277)|