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||Page|
|---|---|
|Report ofthe Trustees|1to7|
|Report ofthe Independent<br>Auditors|8to 10|
|Statement<br>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<br>of Financial Activities|27to 28|





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





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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total funds|Tota<br>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<br>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<br>funds||||427,472|492,599|
|Restricted<br>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<br>fixed|assets||||||(14,897)|
|Interest received|||||||2,195|
|Net cash provided<br>by/ (used In) investing||||activities|||(12,702)|
|Change<br>in cash and cash equivalents|||in the|||||
|reporting<br>period||||||(24,0681|(59,231)|
|Cash and cash equivalents||at the beginning ofthe||||||
|reporting<br>period||||||344,193|403,424|
|Cash and cash equivalents||at the end|ofthe|||||
|reporting<br>period||||||320,125|344,193|





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|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Net (expenditure)|/ income for the reporting||period (as per the statement|||
|offinancial<br>activities)||||(65,127)|(38,835)|
|Adjustments<br>for:||||||
|Depreciation<br>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|





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





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|||||||||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)<br>f|(Seenote 8)<br>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<br>replacements|||||and repairs||3,025|9,140|
||Property<br>maintenance||||and repairs|||31,696|51,980|
||Wi-Fi network||charges|||||15,480|23,164|
||Depreciation|||||||26,248|25,735|
|||||||||333,817|399,369|





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||||||||Governance||
|---|---|---|---|---|---|---|---|---|
|||||||Support costs|costs|Totals|
|||||||E|E|E|
|Accommodation<br>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<br>and|life assurance||||||7,882|11,257|
|Computer,<br>postage, telephone,||||courses, stationery||and advertising|16,276|13,500|
||||||||109,374|137,961|
|Governance<br>costs|||||||||
||||||||2021|2020|
||||||||E|E|
|Auditors'<br>remuneration|||||||4,250|4,000|
|Auditors'<br>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|



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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Wages and salaries||||||178,245|243,825|
|Redundancy<br>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<br>monthly|number|ofemployees||dunng the year was as|follows:|||
|||||||2021|2020|
|Wardens<br>and staff||||||13|16|
|No employees<br>received emoluments|||in excess ofE60,000.|||||
|COMPARATIVES<br>FOR|THE STATEMENT OF|||FINANCIAL ACTIVITIES||||
|||||Unrestricted||Restncted|Total funds|
||||||funds|fund||
||||||E|E||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies|||||3,100||3,100|
|Charitable<br>activities||||||||
|Accommodation<br>charges|||||461,515||461,515|
|Investment<br>income|||||2,195||2,195|
|Other Income|||||43,640||43,640|
|Total|||||510,450||510,450|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|Accommodation<br>expenditure|||||549,285||549,285|
|NET INCOME/(EXPENDITURE)|||||(38,835)||(38,835)|
|RECONCILIATION<br>OF|FUNDS|||||||
|Total funds brought|forward||||531,434||531,434|
|TOTAL FUNDS CARRIED FORWARD|||||492,599||492,599|



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|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|



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|||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|





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||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
|Deferred accommodation|||charges||as at||31August 2020||7,494|19,679|
|Accommodation<br>charges|||deferred||during the year||||62'668|131,378|
|Accommodation<br>charges|||released||during||the year||(61,093)|(143,563)|
|Deferred accommodation|||charges||as at||31August 2021||9,069|7,494|
|MOVEMENT<br>IN FUNDS|||||||||||
||||||||||Net||
||||||||||movement<br>in||
|||||||||At 1.9.20|funds|At 31.8.21|
|||||||||E|E|E|
|Unrestricted<br>funds|||||||||||
|General<br>Fund<br>—Asbury|Overseas|||House||||221,938|(38,165)|183,773|
|General<br>Fund<br>—Wesley International||||||House||140,661|(26,962)|113,699|
|Designated<br>Fund-|||||||||||
|Asbury Overseas<br>House||Maintenance||||Reserve Fund||60,000||60,000|
|Designated<br>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<br>in funds,|||included||in|the|above are as follows:||||
|||||||||Incoming|Resources|Movement<br>in|
|||||||||resources|expended|funds|
|||||||||E|E|E|
|Unrestricted<br>funds|||||||||||
|General<br>Fund<br>- Asbury|Overseas|||House||||228,056|(266,221)|(38,165)|
|General<br>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)|



## 



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





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||||||||||||Net||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||movement<br>in||
||||||||||At 1.9.19||funds|At 31.8.21|
||||||||||E||E|E|
|Unrestricted<br>funds|||||||||||||
|General<br>Fund<br>—Asbury|||Overseas||House||||236,820||(53,047)|183,773|
|General<br>Fund<br>—Wesley|||International|||House|||164,614||(50,915)|113,699|
|Designated<br>Fund-|||||||||||||
|Asbury Overseas|House|||Maintenance||Reserve Fund|||60,000|||60,000|
|Designated<br>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<br>in|
||||||||||resources||expended|funds|
||||||||||E||E|E|
|Unrestricted<br>funds|||||||||||||
|General<br>Fund - Asbury|||Overseas||House||||521801||(574,848)|(53,047)|
|General<br>Fund<br>—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)|





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||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<br>and|legacies|||||
|Donations|||||3,100|
|Investment<br>income||||||
|Deposit account interest|||||2,195|
|Charitable<br>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<br>Allowance||||4,000|4,000|
|||||61,496|43,640|
|Total Incoming|resources|||||
|EXPENDITURE||||||
|Charitable<br>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<br>and sundries||||1498|2,256|
|Laundry||||5,496|5,496|
|Cleaning||||4,364|5,545|
|Equipment<br>replacements|||and repairs|3,025|9,140|
|Property<br>maintenance||and repairs||31,696|51,980|
|Wi-Fi network|charges|||15,480|23,164|
|Depreciation<br>oftangible|||fixed assets|26,247|25,735|
|||||~333817|399369|





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|EXPENTITURE —continued|EXPENTITURE —continued||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Support costs|||||||
|Salary costs|||||78,002|103,410|
|Social security|||||7,214|9,794|
|Pensions<br>and life assurance|||||7,882|11,257|
|Computer,<br>postage, telephone,||courses, stationery||and advertising|16,276|13,500|
||||||~109374|137961|
|Governance<br>costs|||||||
|Auditors'<br>remuneration|||||4,250|4,000|
|Auditors'<br>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)<br>/income|||||(65,127)|(38,835)|