**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