Charity no. 1096249
Rickfords Hill Publishing Ltd. Trustees’ Annual Report 30/09/2020
A) Charity information
Other names: Charity also known as RHP, RHP Ltd., RHPBOOKS.
Registered Charity no. 1096249 Registered in England and Wales
Registered Company no. 4500076 Registered in England and Wales
Principal address and registered office: 24 High Street, Winslow, Buckingham MK18 3HF.
Incorporated: 31[st] July, 2002
Bank: HSBC, 8 Market Square, Aylesbury, Buckinghamshire, HP20 1TW
Charity Trustees (all Trustees are also Company Directors):
1. Paul Victor Fellows of 70 Sutherland Road, London N9 7QG
2. Daniel Peter Harrison of 24 High Street, Winslow, Buckingham MK18 3HF.
3. Thomas Edward George Harrison of 124 High Street, Winslow, Buckingham MK18 3DQ.
Appointment of Trustees: Trustees are appointed by a vote of the membership.
Charity objects: The Charity’s objects are (1) To advance and maintain the Christian Religion through the production and distribution of Christian literature, the provision of Christian instruction and the provision of buildings and equipment for Christian instruction and worship; (2) The relief of the sick, infirm and poor living in undeveloped countries either generally or individually through the provision of grants, goods or services.
— B) Report of Activities and progress for the period 01/10/2019 30/09/2020
Part 1 – Objectives for the period
The objectives for the year ahead were
a. Publishing
-
i. to continue the process of marketing and distributing the titles already published;
-
ii. to reprint any titles with low stocks
b. Retail
- i. to continue to maintain the retail side of the company including producing a new catalogue to tie in with the website.
b. Ministry
-
i. to continue the visits to Uganda to provide teaching to pastors and church members;
-
ii. to continue to provide funding for church buildings and other projects in Uganda.
-
iii. To continue to work with Zerubbabel Ministries, building up a team of young people and supporting them through education and in their personal lives.
Part 2 – Strategy
-
i. The work of distribution of published books was to continue to be done through bookshops.
-
ii. The staff would continue to seek to find ways to increase retail sales especially by relaunching the retail catalogue.
-
iii. The staff would make visits to Uganda to give teaching and financial help.
-
iv. The directors would be open to further ways to alleviate hardship etc. in Uganda.
Part 3 – Activities, progress and results
a) Publishing: Distribution of books
-
i. Distribution. Distribution through CLC continues to be effective.
-
ii. Marketing. Our books being well established no new marketing was undertaken.
By the end of the year, 19,571 (previous: 27,636 32,677, 27,396 , 44,936, 55,630) items had been sold. Payments for these would amount to (previous £15,679 £18,514, £19,808, £25,643, £27,337) when invoices had been paid.
b) Publications
No new books were published but Hungry For More of Jesus, Pilgrim’s Progress and The Calvary Road were reprinted.
d) RHP Ministries
Work continued with Vision Uganda. £1380 was given to help with church construction etc. The Covid-19 pandemic reduced the number of visits that were made but two of the Directors were able to go out doing conferences and working with the young people in Zerubbabel Ministries.
e) Tabernacle Books
Tabernacle Books continued to trade and build up its customer base.
f) The Source
The new printed catalogue had some success and added people to the customer base.
Work was begun on a new printed catalogue to be distributed autumn/winter 2020 with a higher quality print production.
g) Staff
Our shop Manager/Office Manager continued to work for us until August when her contract was terminated.
Part 4 – The future
Rickfords Hill Publishing continues to meet an important need in providing excellent Christian literature at affordable prices and providing assistance to needy Christians in Africa. This should continue.
a) Reprinting
Work should continue on reprinting titles of which we have low stocks. These include some of the Classics. We would look into publishing further books as new ideas for them emerged.
b) Tabernacle Books
Work should continue to make the shop known to local Christians.
c) Uganda
The work in Uganda should expand as opportunities arise.
d) The Source
Work should continue on the new catalogue.
Since Rickfords Hill Publishing Ltd. is a charitable company with a gross income of less than £90,000, an independent examination of accounts was arranged.
TEG Harrison Signed on behalf of the Trustees
Date 26/07/2021
Financial Report 30 September, 2020
Period 1/10/2019 to 30/09/2020
A. Income and expenditure:
1/10/2019 - 30/09/2020 Publishing and Retail Income: 34063.02 Expense: 38223.15
RHP Ministries
Income (gifts): £105.01 Expenses and grants: £1380
Whole Charity
Total Income: 34,168.03 Total Expenses: 39603.15
B. Balance sheet: notable figures
Current loans: £158,200
Publishing Bank account: £2328,39 Ministry Bank Account: £510.75 Tabernacle Books: 391.79 Stock assets of books at cost price: circa £118041.63 Equipment (computers, forklift, etc.): £1092.43
Projected value of stock at sale price: £240000
Total Assets: 123,271 Total current liabilities: 158,639 Total equity: -35,368
Rickfords Hill Publishing
Balance Sheet Report
To: 30 September, 2020
| ASSETS | ASSETS | |
|---|---|---|
| Fixed Assets | ||
| 0031 - Office equipment and IT - Accumulated Depreciation 913.73 |
||
| 0040 - Fixtures and fittings - Cost | 178.70 | |
| Total Fixed Assets | £1,092.43 | |
| Current Assets | ||
| 1000 - Stock | 118,041.63 | |
| 1100 - Trade Debtors | 217.58 | |
| 1200 - Current | 391.79 | |
| 1210 - Cash | 652.31 | |
| 1220 - PayPal | 36.61 | |
| 1230 - RickfordHill | 2,328.39 | |
| 1260 - RHP Ministries | 510.75 | |
| Total Current Assets | £122,179.06 | |
| TOTAL ASSETS | £123,271.49 | |
| LIABILITIES | ||
| Current Liabilities | ||
| 1240 - Loan DH | 87,250.00 | |
| 1250 - Loan TH | 70,950.00 | |
| 2100 - Trade Creditors | 575.41 | |
| 2203 - VAT Allocations & Adjustments | 0.00 | |
| 10301 - Evo | -9.80 | |
30 Jul 2021 07:33
Page 1 of 2
| VAT -126.07 |
|
|---|---|
| 2200 - VAT on Sales 61.79 |
|
| 2201 - VAT on Purchases -187.86 |
|
| Total Current Liabilities | £158,639.54 |
| Future Liabilities | |
| Total Future Liabilities | £0.00 |
| TOTAL LIABILITIES | £158,639.54 |
| TOTAL NET ASSETS | -£35,368.05 |
| EQUITY | |
| Net Profit / Loss -35,368.05 |
|
| Net Profit / Loss (prior year(s)) -40,981.53 |
|
| Net Profit / Loss (current year) 5,613.48 |
|
| TOTAL EQUITY | -£35,368.05 |
30 Jul 2021 07:33
Page 2 of 2
Rickfords Hill Publishing
Profit and Loss Report
01 October, 2019 - 30 September, 2020
| Sales | ||
|---|---|---|
| 4000 - Sales Type A | 33,569.55 | |
| 4009 - Sales Discounts | -12,777.92 | |
| 4900 - Other income | 13,271.39 | |
| 10305 - Uganda Gift | 105.01 | |
| Total Sales | £34,168.03 | |
| Direct Expenses | ||
| 5000 - Cost of sales - goods | 21,533.70 | |
| 5010 - Cost of sales - materials | 85.94 | |
| 5015 - Cost of sales - delivery | 486.54 | |
| 5201 - Change in stock value | -5,370.00 | |
| 10000 - Ebay Fees | 216.36 | |
| 10206 - Printing | 115.96 | |
| 10303 - Transaction Charges | 12.07 | |
| 10304 - PayPal Fees | 128.18 | |
| 10306 - Grants to Uganda Churches | 1,380.00 | |
| 102212 - EVO | 32.47 | |
| Total Direct Expenses | £18,621.22 | |
| GROSS PROFIT / LOSS | £15,546.81 | |
| Overheads | ||
| 2300 - AVDC Business | 240.64 | |
| 6200 - Marketing | 2,052.76 | |
| 7000 - Employee costs | 10,356.81 | |
| 7500 - Office costs | 1,992.16 | |
30 Jul 2021 07:34
Page 1 of 2
| 7600 - Legal and Professional 65.00 |
|
|---|---|
| 7610 - Insurance 558.06 |
|
| 7800 - Repairs and renewals 1,133.97 |
|
| 7900 - Bank charges and interest 127.65 |
|
| 8000 - Depreciation 1,984.68 |
|
| 8200 - General Expenses 100.00 |
|
| 10202 - Telephone/Broadband 1,361.60 |
|
| 10203 - EposNow 300.00 |
|
| 10205 - Website 346.90 |
|
| 10209 - Graphics 35.00 |
|
| 10302 - Merchant Terminal 191.88 |
|
| 102211 - HMRC 134.82 |
|
| Total Overheads | £20,981.93 |
| NET PROFIT / LOSS | -£5,435.12 |
30 Jul 2021 07:34
Page 2 of 2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesldirectorsl members of Rickfords Hill Publishing Ltd. On accounts for the year ènded 30 September 2020 Charity no.: 1096249 Company no.: 4500076 Set out on pages I[tser to IU& the page number5 of a(lttnion81 sh6ets. I report to the charity trustees on my examination of the accounts of the Company for Ihe year ended 3010912020. Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the ompany for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20CI8 (Yhe 2006 AL). Having satisfied myseff that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of your charity s accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Acl"). In carying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5}{b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confiTh that no material matters have come to my allention which gives me cause to believe that.. aGcounting records were not kept in accordance with section 386 of the Companies Act 2006", or . the acwunts do not accord with such records.. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination- or .the accounts have not been prepared in accordance with the Charities SORP {FRS102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the braokets rf they do not apply. Signed: Date: 23 IER October 2018
Name: Michael Scott Hotard Relevant professional qualification(s) or body (if any}: MIMI Address: 85 Spring Lane Great Horwo¢xl Milton Keynes, MK17 OQP Seclion B Disclosure Only complete rf the examiner needs to highlight material matters of concern {5ee CC32, Independent examination of chartty accounts.. directions and guidance for examiners). Give here brief details of any items that the examinerwishos to disclose. IER October 2018