2021-12-31-accounts - Mercy In Action

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		Page
Reference and administrative details ofthe Company,	its Trustees and advisers
Trustees' report
Trustees' responsibilities statement
Independent auditors' report on the financial statements		10-13
Consolidated statement offinancial activities		14
Consolidated balance sheet		15
Company balance sheet		16
Consolidated statement ofcash flows		17
Notes to the financial statements		18-31

Trustees			SJ Buckley (resigned	SJ Buckley (resigned	27 April	2021)
			F H Clark (appointed		22 October 2021)
			SG Clelland, Chair	(appointed		22 May 2021)
			A Farrands
			H J Law (appointed	27 April 2021)
			TRJones (resigned	22 October 2021)
			A Todd (resigned 22		October	2021)
Company	registered
number			04627969
Charity registered
number			1096068
Registered		office	11Foxcote Avenue Peasedown StJohn
			Bath
			BA2 8SF
Chief executive officer			A Todd
Independent		auditors	Bishop Fleming LLP
			Chartered Accountants
			Statutory Auditors
			10Temple Back
			Bristol
			BS16FL

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2021f	2021f	2021f	2020f
INCOME FROM:
Donations and legacies		3	691,677	156,386	848,063	1,033,926
Charitable activities		4		226,696	226,696	203,268
Other trading activities		5	2,450,749		2,450,749	1,518,637
TOTAL INCOME			3,142,426	383,082	3,525,508	2,755,831
EXPENDITURE ON:
Raising funds			1,967,632	323	1,967,955	1,561,343
Charitable activities			739,302	450,799	1,190,101	957,596
TOTAL EXPENDITURE			2,706,934	451,122	3,158,056	2,518,939
NET MOVEMENT	IN FUNDS		435,492	(68,040)	367,452	236,892
RECONCILIATION	OF FUNDS:
Total funds brought	forward		494,146	68,040	562,186	325,294
Net movement in funds			435,492	(68,040)	367,452	236,892
TOTAL FUNDS CARRIED FORWARD			929,638		929,638	562,186

				2021		2020
		Note
FIXEDASSETS
Tangible assets		10		111,905		126,345
				11'I,905		126,345
CURRENT ASSETS
Debtors		12	212,765		219,694
Cash at bank and	in hand		991,655		622,193
			1,204,420		841,887
Creditors: amounts	falling due within one
year		13	(214,187)		(188,546)
NET CURRENT ASSETS				990,233		653,341
TOTAL ASSETSLESSCURRENT
LIABILITIES				1,102,138		779,686
Creditors: amounts	falling due after more
than one year				(172,500)		(217,500)
TOTAL NET ASSETS				929,638		562,186
CHARITY FUNDS
Restricted funds		15				68,040
unrestricted funds		15		929,638		494,146
TOTAL FUNDS				929,638		562,186

				2021		2020
		Note				E
FIXEDASSETS
Tangible assets		10		21,322		23,027
Investments		11		1,000		1,000
				22,322		24,027
CURRENT ASSETS
Debtors		12	380,086		147,267
Cash at bank and	in hand		432,694		374,187
			812,780		521,454
Creditors: amounts	falling due within one
year		13	(63,777)		(97,632)
NET CURRENT ASSETS				749,003		423,822
TOTAL ASSETS LESSCURRENT
LIABILITIES				771,325		447,849
TOTAL NET ASSETS				771,325		447,849
CHARITY FUNDS
Restricted funds		15				68,040
Unrestricted funds		15		771,325		379,809
TOTAL FUNDS				'771,325		447,849

			2021f	2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities			391,509	327,821
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests and rents from investments			(8,457)	62
Purchase oftangible fixed assets			(6,090)	(8,222)
NET CASH USED IN INVESTING ACTIVITIES			(14,547)	(8,160)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash inflows from new borrowing				225,000
Repayments of borrowing			(7,500)
NET CASH (USED IN)/PROVIDED BYFINANCING		ACTIVITIES	(7,500)	225,000
CHANGE IN CASH AND CASH EQUIVALENTS	IN	THE YEAR	369,462	544,661
Cash and cash equivalents at the beginning ofthe year			622,193	77,532
CASH AND CASH EQUIVALENTS AT THE END	OF THE YEAR		991,655	622,193
The notes on pages 18to 31 form part ofthese financial statements

Motor vehicles	25'/o	reducing	balance
Fixtures and fittings	15'/o	reducing	balance
Computer equipment	15'/o	reducing	balance

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
		f.	E
Donations		222,269	156,386	378,655	347,637
Covid Grants		303,525		303,525	338,015
Government	Grants	165,883		165,883	348,274
		691,677	156,386	848,063	1,033,926
TOTAL 2020		867,889	166,037	1,033,926

		Restricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		E	E	E
PETRA	project	216,696	216,696	174,449
Grants		10,000	10,000	28,819
		226,696	226,696	203,268

				Unrestricted	Total	Total
				funds	funds	funds
				2021f	2021 F	2020 E
Mercy	in	Action	Trading	2,450,749	2,450,749	1,518,637

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2021 f.	2021 F	2021 E	2020f
Charitable	activities	898,511	291,590	1,190,101	957,596
TOTAL 2020		726,907	230,689	957,596
ANALYSIS	OF DIRECT COSTS

	Total	Total
	funds	funds
	2021	2020
	E
Shop rental costs	397,656	274,109
Shop rates	24,375	20,444
PETRA rental costs	110,739	103,337
PETRA rates and other costs	35,919	24,632
Action Pantry project	25,705	20,060
CEBU projects	304,117	284,325
	898,511	726,907

		Support	Total	Total
		Activities	funds	funds
		2021	2021	2020
		F	f.
Staff costs		207,610	207,610	151,174
Depreciation		4,732	4,732	4,267
Staff training		1,356	1,356	620
General maintenance		21,866	21,866	15,444
Hotels, travel and subsistence		6,153	6,153	12,035
Printing, postage and stationery		1,375	1,375	889
Legal and professional		5,953	5,953	13,420
Sundry expenses		10,233	10,233	4,241
Events and	fundraising	2,502	2,502	2,262
Information	technology	2,776	2,776	2,385
Distribution				11,952
Accounting	services	10,971	10,971	8,683
Bad debts				613
Cleaning		415	415	180
Governance	Costs	10,502	10,502
Bank Fees and Interest		5,146	5,146	2,524
		291,590	291,590	230,689
AUDITORS'	REMUNERATION
			2021	2020
				F
Fees payable to the Company's		auditor for the audit ofthe Company's
annual accounts			17,000	11,661

				Group	Group	Company	Company
				2021	2020	2021	2020
						E	F
Wages and	salaries			1,383,956	1,147,973	193,765	148,320
Social security costs				68,541	1,516	11,215	1,516
Contribution	to defined	contribution	pension
schemes				16,337	10,315	2,630	1,338
				1,468,834	1,159,804	207,610	151,174

	Group	Group	Company	Company
	2021	2020	2021	2020
	No.	No.	No.	No.
Employees	123	99	12	12

	Motor	Fixtures and	Computer
	vehicles f	fittings f	equipment	Total E
COST OR VALUATION
At 1 January 2021	12,600	161,964	12,671	187,235
Additions		5,298	792	6,090
At 31 December 2021	12,600	167,262	13,463	193,325
DEPRECIATION
At 1 January 2021	9,611	47,319	3,960	60,890
Charge for the year	1,268	17,837	1,425	20,530
At 31 December 2021	10,879	65,156	5,385	81,420
NET BOOK VALUE
At 31 December 2021	1,721	102,106	8,078	111,905
At 31 December 2020	2,989	114,645	8,711	126,345

	Motor	Fixtures and	Computer
	vehicles	fittings	equipment	Total
		E		F
COST OR VALUATION
At 1 January 2021	12,600	24,318	5,423	42,341
Additions		2,235	792	3,027
At 31 December 2021	12,600	26,553	6,215	45,368
DEPRECIATION
At 1 January 2021	9,611	7,578	2,125	19,314
Charge for the year	1,268	2,851	613	4,732
At 31 December 2021	10,879	10,429	2,738	24,046
NET BOOK VALUE
At 31 December 2021	1 721	16,124	3,477	21,322
At 31 December 2020	2,989	16,740	3,298	23,027

	Investments
	in
	subsidiary
	companies
COMPANY	E
COST OR VALUATION
At 1 January 2021	1,000
At 31 December 2021	1,000
NET BOOK VALUE
At 31 December 2021	1,000
At 31 December 2020	1,000

Name			Company	Registered	office	or principal	Principal
			number	place ofbusiness
Mercy in	Action Trading		11025273	Jubilee Centre, Lower Bristol			Retail Sales
				Road, Bath,	United	Kingdom,
				BA2 9ES
Class of	Holding	Included	in
shares		consolidation
Ordinary	100%	Yes

	Name	Income	Expenditure	Profit/(Loss)	Net assets
		E		for the yearf
	Mercy in Action Trading	2,596,070	(2,324,854)	271,216	386,553
12.	DEBTORS

		Group	Group	Company	Company
		2021	2020f	2021 F	2020
DUE WITHIN	ONE YEAR
Trade debtors		16,283	15,018	2,174	802
Amounts owed by group undertakings				283,119	10,088
Other debtors		26,959	57,349	26,959	47,261
Prepayments	and accrued income	77,962	116,759	67,834	89,116
Tax recoverable		91,561	30,568
		212,765	219,694	380,086	147,267

			Group	Group	Company	Company
			2021	2020	2021	2020
				E	E	E
Bank loans			45,000	7,500
Trade creditors			29,577	100,719	12,088	81,415
Other taxation	and social security		59,177	8,700	31,421	1,011
Other creditors			44,677	7,836	5,869	732
Accruals and deferred		income	35,756	63,791	14,399	14,474
			214,187	188,546	63,777	97,632

		Group	Group
		2021	2020
		E	E
Bank	loans	172,500	217,500

Included within the above are amounts falling due as follows	:
	Group	Group
	2021	2020
		F
BETWEEN ONE AND TWO YEARS
Bank loans	45,000	45,000
BETWEEN TWO AND FIVE YEARS
Bank loans	127,500	135,000
OVER FIVE YEARS
Bank loans		37,500

	Balance at 1			Balance at
	January			31 December
	2021	Income	Expenditure	2021
	E	E	E
UNRESTRICTED FUNDS
General Funds	379,809	546,356	(382,080)	544,085
Mercy ln Action Trading	114,337	2,596,070	(2,324,854)	385,553
	494,146	3,142,426	(2,706,934)	929,638
RESTRICTED FUNDS
Cebu Project	68,040	77,737	(145,777)
PETRA Housing Project		241,760	(241,760)
Other Projects		63,585	(63,585)
	68,040	383,082	(451,122)
TOTAL OF FUNDS	562,186	3„525,508	(3,158,056)	929,638
STATEMENT OF FUNDS - PRIOR YEAR
	Balance at			Salance at
	1 January			31 December
	2020	Income	Expenditure	2020
				F
UNRESTRICTED FUNDS
General Funds	304,039	2,652,981	(2,462,874)	494,146
RESTRICTED FUNDS
Restricted Funds	21,255	72,852	(26,067)	68,040
TOTAL OF FUNDS	325,294	2,725,833	(2,488,941)	562,186

			Group	Group
			2021	2020
			F
Net income for the year (as per Statement		of Financial Activities)	367,452	236,892
ADJUSTMENTS FOR:
Depreciation charges			20,530	22,770
Dividends, interests	and rents from investments		8,457	(62)
Decrease/(increase)	in debtors		6,929	(26,340)
Increase/(decrease)	in creditors		(11,859)	94,561
NET CASH PROVIDED BYOPERATING		ACTIVITIES	391,509	327,821
ANALYSIS OF CASH AND CASH EQUIVALENTS
			Group	Group
			2021	2020
			E
Cash in hand			991,655	622,193
TOTAL CASH AND CASH EQUIVALENTS			991,655	622,193

			At 1		Other non-	At 31
			January		cash	December
			2021	Cash flowsf	changes	2021
			E
Cash	at bank and	in hand	622,193	369,462		991,655
Debt	due within 1	year	(7,500)		(37,500)	(45,000)
Debt	due after 1 year		(217,500)		45,000	(172,500)
			397,193	369,462	7,500	774,155

payments	und	er non-cancellable operating lea	ses as follows:
			Group	Group	Company	Company
			2021	2020	2021	2020
			E	f	F
Not later than		1 year	407,323		407,323
Later than	1 year and not later than 5years		880,705		880,705
Later than	5years		502,008		502,008
			1,790,036		1,790,036