##
##
##
##
|||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|activity|
|---|---|---|---|---|---|---|---|---|
||||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||
##
##
##