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2021-08-31-accounts

Page
Report ofthe Trustees 1to7
Report ofthe Independent
Auditors		 8to 10
Statement
of Financial Activities
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement
Notes to the Financial Statements 15to 26
Detailed Statement
of Financial Activities		 27to 28

2021 2020
Unrestricted Restricted Total funds Total funds
funds fund
Note E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 3,100
Charitable
activities
Accommodation
charges		 322,634 322,634 461,515
Investment
income		 2,195
Other income 61,496 61,496 43,640
Total 384,514 384,514 510,450
EXPENDITURE ON
Charitable
activities
Accommodation
expenditure		 6 449,641 449,641 549,285
NET (EXPENDITURE) /INCOME (65,127) (65,127) (38,835)
RECONCILIATION
OF FUNDS
Total funds brought forward 492,599 492,599 531,434
TOTAL FUNDS CARRIED FORWARD 427,472 427,472 492,599

2021 2020
Unrestricted Restricted Total funds Tota
I funds
funds fund
Note E E E
FIXEDASSETS
Tangible assets 13 113,583 113,583 139,831
CURRENT ASSETS
Debtors 14 18,754 18,754 35,773
Cash at bank and in hand 320,125 320,125 344,193
338,879 338,879 379,966
CREDITORS
Amounts
falling due within one year		 15 (24,990) (24,990) (27,198)
NET CURRENT ASSETS 313,889 313,889 352,768
TOTAL ASSETS LESSCURRENT UABILITIES 427,572 427,572 492,599
NET ASSETS 427,472 427,472 492,599
FUNDS 16
Unrestricted
funds		 427,472 492,599
Restricted
funds
TOTAL FUNDS 427,472 492,599

2021 2020
Notes E E
Cash flows from operating activities:
Cash (used by)/generated from operations (24,452) (46,529)
Net cash (used in) /provided by operating
activities (24,452) (46,529)
Cash flows from investing activities:
Purchase of tangible
fixed		 assets (14,897)
Interest received 2,195
Net cash provided
by/ (used In) investing		 activities (12,702)
Change
in cash and cash equivalents		 in the
reporting
period		 (24,0681 (59,231)
Cash and cash equivalents at the beginning ofthe
reporting
period		 344,193 403,424
Cash and cash equivalents at the end ofthe
reporting
period		 320,125 344,193

2021 2020
E E
Net (expenditure) / income for the reporting period (as per the statement
offinancial
activities)		 (65,127) (38,835)
Adjustments
for:
Depreciation
charges		 26,248 25,735
Interest received (384) (2,195)
Decrease/(Increase) in debtors 17,019 (14,070)
Decrease in creditors (2,208) (17,164)
Net cash (used in) / provided by operating activities (24,452) (46,529)

At 1.9.20 Cash flow At 31.8.21
E E E
Net cash
Cash at bank and in hand ~344 193 ~24 068 ~320 125
Total 344,193 (24,068) 320,125

2021 2020
E E
Donations 3,100
INVESTMENT INCOME
2021 2020
E E
Deposit account interest 384 2,195

2021 2020
Charitable Charitable
activities activities
f f
Accommodation charges 312,135 448,845
Service charges 10,499 12,670
322,634 461,515
5. OTHER INCOME
2021 2020
Charitable Charitable
activities activities
f f
Iob Retention Grant 57,496 39,640
Employment Allowance 4,000 4,000
61,496 43,640
6. CHARITABLE ACTIVITIES COSTS
Direct costs Support costs Totals
(See note 7)
f		 (Seenote 8)
f		 f
Accommodation expenditure 333,817 115,824 449,641
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
2021 2020
f f
Staff wages 127,209 140,415
Social security 7,626 8,009
Pensions 9,912 10,120
Rates and water 29,182 32,614
Insurance 20,919 20,720
Light and heat 50,763 64,175
Newspapers and sundries 12(97 2,256
Laundry 5,496 5,496
Cleaning 4,364 5,545
Equipment
replacements		 and repairs 3,025 9,140
Property
maintenance		 and repairs 31,696 51,980
Wi-Fi network charges 15,480 23,164
Depreciation 26,248 25,735
333,817 399,369

Governance
Support costs costs Totals
E E E
Accommodation
expenditure		 109,374 6,450 115,824
Support costs, included in the above, are as follows:
Support costs
2021 2020
E E
Salary costs 78,002 103,410
Social security 7,214 9,794
Pensions
and		 life assurance 7,882 11,257
Computer,
postage, telephone,		 courses, stationery and advertising 16,276 13,500
109,374 137,961
Governance
costs
2021 2020
E E
Auditors'
remuneration		 4,250 4,000
Auditors'
remuneration		 for non-audit work 2,200 2,225
Legal and professional fees 5,730
6,450 11,955
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
E E
Audit fee 4,250 4,000
Accountancy charges 2,200 2,225
Depreciation -owned assets 26,248 25,735

2021 2020
E E
Wages and salaries 178,245 243,825
Redundancy
payments		 26,965
Social security costs 14,841 17,804
Other pension costs and life assurance 17,794 21,376
237,845 283,005
The average
monthly		 number ofemployees dunng the year was as follows:
2021 2020
Wardens
and staff		 13 16
No employees
received emoluments		 in excess ofE60,000.
COMPARATIVES
FOR		 THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restncted Total funds
funds fund
E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 3,100 3,100
Charitable
activities
Accommodation
charges		 461,515 461,515
Investment
income		 2,195 2,195
Other Income 43,640 43,640
Total 510,450 510,450
EXPENDITURE ON
Charitable
activities
Accommodation
expenditure		 549,285 549,285
NET INCOME/(EXPENDITURE) (38,835) (38,835)
RECONCILIATION
OF		 FUNDS
Total funds brought forward 531,434 531,434
TOTAL FUNDS CARRIED FORWARD 492,599 492,599

TANGIBLE FIXE DASSETS
Improvements Fixtures and
to property fittings Totals
E E f
COST
At 1September 2020 454,764 502RIO 505,644
Additions
At 31August 2021 454,764 50,880 505,644
DEPRECIATION
At 1September 2020 315,002 50,811 3652I13
Charge for year 26,234 14 26,248
At 31August 2021 341,236 50,825 392,061
NET BOOK VALUE
At 31August 2021 113,528 55 113,583
At 31August 2020 139,762 69 139,831

2021 2020
E E
Trade debtors 3,578 2,828
VAT 1,024
Prepayments 8,877 31,921
Other debtors 6,299
18,754 35,773
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
E E
Trade creditors 2,628 5,072
Social secunty and other taxes 573
Deferred income 9,069 7,494
Accrued expenses 12,720 14,632
24,990 27,198

2021 2020
E E
Deferred accommodation charges as at 31August 2020 7,494 19,679
Accommodation
charges		 deferred during the year 62'668 131,378
Accommodation
charges		 released during the year (61,093) (143,563)
Deferred accommodation charges as at 31August 2021 9,069 7,494
MOVEMENT
IN FUNDS
Net
movement
in
At 1.9.20 funds At 31.8.21
E E E
Unrestricted
funds
General
Fund
—Asbury		 Overseas House 221,938 (38,165) 183,773
General
Fund
—Wesley International		 House 140,661 (26,962) 113,699
Designated
Fund-
Asbury Overseas
House		 Maintenance Reserve Fund 60,000 60,000
Designated
Fund-
Wesley International House Maintenance Reserve Fund 70,000 70,000
492,599 (65,127) 427,472
Restricted funds
Jubilee Redevelopment Scheme Appeal Fund
TOTALFUNDS 492,599 (65,127) 427,472
Net movement
in funds,		 included in the above are as follows:
Incoming Resources Movement
in
resources expended funds
E E E
Unrestricted
funds
General
Fund
- Asbury		 Overseas House 228,056 (266,221) (38,165)
General
Fund- Wesley International		 House 156,458 (183,420) (26,962)
384,514 (449,641) (65,127)
Restricted funds
Jubilee Redevelopment Scheme Appeal Fund
TOTAL FUNDS 384p514 (449,641) (65,127)

Comparatives
for		 Comparatives
for		 movement movement movement In funds funds
Net
movement
in
At 1.9.19 funds At 31.8.20
E E E
Unrestricted
Funds
General Fund
—Asbury		 Overseas House 236,820 (14,882) 221,938
General Fund - Wesley International House 164,614 (23,953) 140,661
Designated
Fund-
Asbury Overseas House Maintenance Reserve Fund 60,000 60,000
Designated
Fund-
Wesley International House Maintenance Reserve Fund 70,000 70,000
531,434 (38,835) 492,599
Restricted
Funds
Jubilee Redevelopment Scheme Appeal Fund
TOTALFUNDS 531,434 (38,835) 492,599
Comparative
net		 movement in funds, included in the above are as follows:
Incoming Resources Movement
in
resources expended funds
E E E
Unrestricted
funds
General Fund
—Asbury		 Overseas House 293,745 (308,627) (14,882)
General Fund
—Wesley		 International House 216,705 (240,658) (23,953)
510,450 (549,285) (38,835)
Restricted funds
Jubilee Redevelopment Scheme Appeal Fund
TOTAL FUNDS 510,450 (549,285) (38,835)

Net
movement
in
At 1.9.19 funds At 31.8.21
E E E
Unrestricted
funds
General
Fund
—Asbury		 Overseas House 236,820 (53,047) 183,773
General
Fund
—Wesley		 International House 164,614 (50,915) 113,699
Designated
Fund-
Asbury Overseas House Maintenance Reserve Fund 60,000 60,000
Designated
Fund-
Wesley International House Maintenance Reserve Fund 70,000 70,000
Restricted funds
Jubilee Redevelopment Scheme Appeal Fund
TOTAL FUNDS 531,434 (103,962) 427,472
A current year 12 months and prior year 12months combined net movement in funds, included in the above are
as follows:
Incoming Resources Movement
in
resources expended funds
E E E
Unrestricted
funds
General
Fund - Asbury		 Overseas House 521801 (574,848) (53,047)
General
Fund
—Wesley		 International House 373,163 (424,078) (50,915)
894,964 (998,926) (103,962)
Restricted funds
Jubilee Redevelopment Scheme Appeal Fund
TOTAL FUNDS 894,964 (998,926) (103,962)

2021 2020
E E
Within one year 22,775 22,775
Between two and five years 3,796 26,571
In more than five years
26,971 49,346

2021 2020
E E
INCOME AND ENDOWMENTS
Donations
and		 legacies
Donations 3,100
Investment
income
Deposit account interest 2,195
Charitable
activities
Accommodation charges 312,135 448,845
Service charges 10,499 12,670
322,634 461,515
Other Income
Iob Retention Grant 57,496 39,640
Employment
Allowance		 4,000 4,000
61,496 43,640
Total Incoming resources
EXPENDITURE
Charitable
activities
Staff wages 127,209 140,415
Social security 7,626 8,009
Pensions 9,912 10,120
Rates and water 29,182 32,614
Insurance 20,919 20,720
Light and heat 50,763 64,175
Newspapers
and sundries		 1498 2,256
Laundry 5,496 5,496
Cleaning 4,364 5,545
Equipment
replacements		 and repairs 3,025 9,140
Property
maintenance		 and repairs 31,696 51,980
Wi-Fi network charges 15,480 23,164
Depreciation
oftangible		 fixed assets 26,247 25,735
~333817 399369

EXPENTITURE —continued EXPENTITURE —continued
2021 2020
E E
Support costs
Salary costs 78,002 103,410
Social security 7,214 9,794
Pensions
and life assurance		 7,882 11,257
Computer,
postage, telephone,		 courses, stationery and advertising 16,276 13,500
~109374 137961
Governance
costs
Auditors'
remuneration		 4,250 4,000
Auditors'
remuneration		 for non-audit work 2,200 2,225
Legal and professional fees 5,730
6,450 11,955
Total resources expended 4~4641 ~549 285
Net (expenditure)
/income		 (65,127) (38,835)