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|---|---|---|---|---|
|Charity Reference and Administrative|||Details||
|Trustees
Annual
Report|||||
|Independent|Examiners|Report|||
|Consolidated|Statement|of Financial|Activities|10|
|Consolidated|Balance Sheet||||
|Charity
Balance Sheet||||12|
|Statement
of|Cashflows|||13|
|Notes to the|Financial Statements|||14|
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note|Unrestricted|Restricted|Total Funds|Total Funds|
||||Funds|Funds|||
|Income and endowments|from:||||||
|Government
grants: JRSScheme|||35,376||35,376|38,701|
|WMBC Covid support|||37,100||37,100|25,000|
|Donations
and legacies|||18,770||18,770|93,840|
|Charitable
activities|||3,000||3,000|56,610|
|Other trading
activities|||54,459||54,459|70,670|
|Other|||917||917|300,015|
|Total income and endowments|||149,622||149,622|584,836|
|Expenditure
on:|||||||
|Charitable
activities||7|103,953||103,953|280,346|
|Total expenditure|||103,953||103,953|280,346|
|Net losses on investments||16||(2,398,000)|(2,398,000)|(340,000)|
|Net income / (expenditure)|||45,669|(2,398,000)|(2,352,331)|(35,510)|
|Other recognised
gains/(losses):|||||||
|Losses on revaluation
offixed assets|||||||
|Net movement
in funds|||45,669|(2,398,000)|(2,352,331)|(35,510)|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||328,785|23,314,000|23,642,785|23,678,295|
|Total funds carried forward|||374,454|20,916,000|21,290,454|23,642,785|
##
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||||Note|2021|2020|
|---|---|---|---|---|---|
|||||f|E|
|Fixed Assets||||||
|Tangible assets|||14|381,918|382,557|
|Investments|||16|20,916,000|23,314,000|
|||||21,297,918|23,696,557|
|Current Assets||||||
|Debtors|||17|34,299|62,565|
|Cash at bank|and|in hand||23,304|542|
|||||57,603|63,107|
|Creditors||||||
|Amounts
falling due within one year|||18|(6,067)|(90,879)|
|Net current|assets/(liabilities)|||51,536|(27,772)|
|Total assets|less current liabilities|||21,349,454|23,668,785|
|Creditors||||||
|Amounts
falling due after more than one|||19|(59,000)|(26,000)|
|year||||||
|||||21,290,454|23,642,785|
|Charity Funds||||||
|Unrestricted|funds||20|374,454|328,785|
|Restricted funds|||20|20,916,000|23,314,000|
|||||21,290,454|23,642,785|
|Charity Balance Sheet|Charity Balance Sheet||||
|---|---|---|---|---|
|Year ended 31stAugust 2021|||||
|||Note|2021|2020|
|Fixed Assets|||||
|Tangible assets||15|381,918|382,557|
|Current Assets|||||
|Debtors||17|75,453|89,914|
|Cash at bank and|in hand||23,293|505|
||||98,746|90,419|
|Creditors|||||
|Amounts
falling due within one year||18|(6,067)|(90,879)|
|Net current assets/(liabilities)|||92,679|(460)|
|Total assets less current liabilities|||474,597|382,097|
|Creditors|||||
|Amounts
falling due after more than one year||19|(59,000)|(26,000)|
||||415,597|356,097|
|Charity Funds|||||
|Unrestricted
funds|||415,597|356,097|
|Restricted funds|||||
||||415,597|356,907|
##
|||Note|2021||2020|
|---|---|---|---|---|---|
|Net cash flows from operating
activities||22|2,419,845||(1,920,718)|
|Cash flows from investing|activities|||||
|Purchase oftangible
fixed|assets|14|||(2,457)|
|Disposal oftangible
fixed|assets|14|(2,397,083)||1,925,300|
|Cash flows from financing|activities|||||
|Interest paid||13|||(2,383)|
|Increase/(decrease)
in cash and cash||||||
|Equivalents
in the year|||22,762||(258)|
|Cash and cash equivalent|at 1September 2020|||542|800|
|Cash and cash equivalents|at 31August 2021||23,304||542|
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||Income from|donations|and legacies|||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E||
||Donations|||||||
||Unrestricted|—General||||18,770|93,840|
||All ofthe above income||was attributable|to unrestricted|funds.|||
|3.|Income from|charitable|activities|||||
|||||||2021|2020|
|||||||E|E|
||Restaurant||||||33,610|
||Ladder School|||||3,000|23,000|
||Total|||||3,000|56,610|
||All ofthe above income||was attributable|to unrestricted|funds.|||
##
##
|come from trading activiti|es||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Property cost recharges|||||24,265|33,259|
|Support cost recharges|||||26,602|29,976|
|Other|||||3,592|7,435|
|Total|||||54,459|70,670|
|All ofthe above income was attributable||to unrestricted|funds.||||
|her income|||||||
||||||2021|2020|
||||||E|f|
|Profit on sale of Goldmine||||||300,015|
|Profit on sale oftangible|fixed assets||||917||
|Tota
I|||||917|300,015|
|fNil (2020:6300,015)ofthe above income was attributable||||to restricted|funds.||
##
|nalysis ofexpenditure
on charitab|le
activities|||
|---|---|---|---|
||Direct|Support|Tota
I|
||Costs|Costs||
||E|E|E|
|Property|28,316|41,065|69,381|
|Support|30,228|2,318|32,546|
|Ladder|1,950|76|2,026|
|Total|60,494|43,459|103,953|
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##
|haritable
act|iv|ities c|ost|||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||||f|
|Purchases|||||||15,449|
|Wages 8 salaries||||||52,394|165,484|
|Service charges|||||||8,921|
|Rent, rates|8|water||||4,865|22,655|
|Insurance||||||5,153|6,918|
|Heat & light||||||6,334|18,021|
|Repairs & maintenance||||||7,298|4,451|
|Advertising|&marketing|||||2,378|3,775|
|Post, print &||stationery||||7,850|7,443|
|Telephone||||||6,055|7,198|
|Travel, subs|& entertaining|||||8|2,386|
|General expenses||||||594|2,804|
|Legal &, professional|||fees|||5,672|3,592|
|Loan interest||8 charges|||||2,383|
|Depreciation||||||639|1,307|
|Governance||||||4,713|7,559|
|Tota
I||||||103,953|280,346|
|Governance|costs|||||||
|||||||2021|2020|
|||||||E|E|
|Professional||fees||||228|65|
|Independent||Examination||Fees||2,500|3,500|
|Miscellaneous||||||1,985|3,994|
|Total||||||4,713|7,559|
|Net income|for year|||||||
|Net income|is|stated|after|charging:||||
|||||||2021|2020|
|||||||E|E|
|Depreciation||oftangible assets||||639|1,307|
|Loss on fair|value movement||||of investments|2,398,000|340,000|
|Profit on sale oftangible||||assets||917|300,015|
##
|Staff costs and employee|Staff costs and employee|benefits||||||
|---|---|---|---|---|---|---|---|
|The average number|ofemployees||and|full time equivalent|(FTE) during the year was as follows:|||
|||||2021|2021|2020|2020|
|||||Number|FTE|Number|FTE|
|Charitable
activities||||4|3|11|9|
|The total staff costs and employee
benefits wer|e as follows:||
|---|---|---|
||2021|2020|
||E|E|
|Wages and salaries|50,800|148,482|
|Socia
I security costs|171|8,490|
|Pension costs|1,423|4,064|
|Redundancy||4,448|
|Tota I|52,394|165,484|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Bank|loans|and|overdrafts||2,383|
##
|14.|Tangible
Fixed Assets —Group||||
|---|---|---|---|---|
|||Land &|Plant
&|Tota
I|
|||Buildings|Machinery||
|||f|f|f|
||Cost||||
||At 1"September 2020|593,477|183,544|777,021|
||Disposals||(8,812)|(8,812)|
||At 31"August 2021|593,477|174,732|768,209|
||Depreciation
At 1"September 2020|213,477|180,987|394,464|
||Charge for year||639|639|
||Depreciation
on disposal||(8,812)|(8,812)|
||At 31"August 2021|213,477|172,814|386,291|
||Net BookValues||||
||At 31"August 2021|380,000|1,918|381,918|
||At 31"August 2020|380,000|2,557|382,557|
|15.|Tangible Fixed Assets —Charity||||
|||Land &|Plant
&|Total|
|||Buildings|Machinery||
|||f|f||
||Cost||||
||At 1"September 2020|593,477|183,544|777,021|
||Disposals||(8,812)|(8,812)|
||At 31"August 2021|593,477|174,732|768,209|
||Depreciation
At 1"September 2020|213,477|180,987|394,464|
||Charge for year||639|639|
||Depreciation
on disposal||(8,812)|(8,812)|
||At 31"August 2021|213,477|172,814|386,291|
||Net BookValues||||
||At 31"August 2021|380,000|1,918|381,918|
||At 31"August 2020|380,000|2,557|382,557|
##
##
|ixed Assets Investments||
|---|---|
||Other|
||Investments|
||E|
|Valuation||
|At 1"September 2020|23,919,000|
|At 31"August 2021|23,919,000|
|Impairment
At 1"September 2020|605,000|
|Written off in year|2,398,000|
|At 31"August 2021|3,003,000|
|Carrying amount||
|At 31"August 2021|20,916,000|
|At 31"August 2020|23,314,000|
##
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|ebtors: Amou|nts
falling due within one|year||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2021|2020|2021|2020|
|||E|f|E|E|
|Trade debtors||4,452|5,609|4,452|5,609|
|Amounts
owed by group companies||||41,154|27,349|
|Prepayments|and accrued income|3,627|16,105|3,627|16,105|
|Other debtors||26,220|40,851|26,220|40,851|
|Total||34,299|62,565|75,453|89,914|
##
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|||||||||Group|||Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||2021|||2020|2021||2020|
|||||||E|||E|E||E|
||Bank loans and overdrafts||||||||35,127|||35,127|
||Trade creditors|||||||612|10,725||612|10,725|
||Taxation and|social|security||||1,324||3,836|1,324||3,836|
||Accruals and|deferred||income|||3,691||4,374|3,691||4,374|
||Other creditors|||||||440|36,817||440|36,817|
||Tota I||||||6,067||90,879|6,067||90,879|
|19.|Creditors: Amounts||falling due||after more|than|one year||||||
|||||||||Group|||Charity||
|||||||2021|||2020|202||2020|
|||||||E|||E|E||E|
||Other creditors|||||59,000|||26,000|59,000||26,000|
|20.|Fund Reconciliation||||||||||||
||||||Balance at|Income|||Expenditure|Gains|/|Balance at|
||||||1 Sept|||||(Losses)||31"August|
||||||2020|||||||2021|
||||||E|||||||E|
||Unrestricted|Funds|||||||||||
||General funds||||328,785||149,622||(103,953)|||374,454|
||||||328,785||149,622||(103,953)|||374,454|
||Restricted
Funds||||||||||||
||Mercian Trust||||23,314,000|||||(2,398,000)||20,916,000|
||||||23,314,000|||||(2,398,000)||20,916,000|
||||||23,642,785||149,622||(103,953)|(2,398,000)||21,290,454|
##
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|21.|Analysis ofnet assets between|||||funds|||||
|||||||||Unrestricted|Restricted|Total|
|||||||||Funds|Funds|Funds|
|||||||||f|E|E|
||Tangible|fixed assets||||||381,918|20,916,000|21,297,918|
||Current|assets||||||57,603||57,603|
||Current|liabilities||||||(6,067)||(6,067)|
||Creditors|falling due|after|more||than one|year|(59,000)||(59,000)|
||Tata I|||||||374,454|20,916,000|21,290,454|
|22.|Reconciliation
ofnet||movement|||in funds|to net cash|flow from operating|activities||
||||||||||2021|2020|
||||||||||f|E|
||Net income/(expenditure)|||for|the year||||45,669|(35,510)|
||Interest|payable||||||||2,383|
||Depreciation
and impairment||||oftangible||fixed assets||639|1,307|
||Losses on investments||||||||2,398,000|340,000|
||Profit on|sale of fixed assets|||||||(917)|(300,015)|
||(Increase) decrease||in debtors||||||28,266|(46,808)|
||Increase|(decrease)|in creditors||||||(51,812)|(1,882,075)|
||||||||||2,419,845|(1,920,718)|
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