| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 7 |
| Statement ofFinancial Activities | 8 | to | 9 |
| Balance Sheet | 10 | to | 11 |
| Cash Flow Statement | 12 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 14 | to | 22 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 982,759 | 982,759 | 1,119,177 | |||
| Other trading activities | 433,806 | 32,822 | 466,628 | 554,600 | |||
| Investment | income | 256,819 | 256,819 | 181,066 | |||
| Total | 1,673,384 | 32,822 | 1,706,206 | 1,854,843 | |||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Salaries | 249,203 | 249,203 | 210,851 | ||||
| Social security costs | 7,822 | 7,822 | 9,370 | ||||
| Rates and | water | 37,258 | 37,258 | 37,356 | |||
| Insurance | 11,361 | 11,361 | 9,003 | ||||
| Light and heat | 57,935 | 57,935 | 49,580 | ||||
| Telephone | and fax | 5,880 | 5,880 | 5,918 | |||
| Printing postage and stationery | 9,943 | 9,943 | 13,051 | ||||
| Advertising | 5,511 | 5,511 | 22,203 | ||||
| Bookshop | purchases | 121,676 | 121,676 | 154,552 | |||
| Travel and | subsistence | 13,215 | 13,215 | 20,469 | |||
| Community | events | 62,536 | 62,536 | 156,012 | |||
| Cleaning | 15,729 | 15,729 | 23,327 | ||||
| Repairs and maintenance | 24,845 | 24,845 | 80,128 | ||||
| ELearning | 235,820 | 235,820 | 232,211 | ||||
| Rent payment | 8,755 | 8,755 | 10,282 | ||||
| Sundries | 7,008 | 7,008 | 14,227 | ||||
| Education | 89,723 | 89,723 | 103,881 | ||||
| Office admin | 130,818 | 130,818 | 83,092 | ||||
| Funeral service expenses | |||||||
| 15,294 | 15,294 | 16,945 | |||||
| Web costs | |||||||
| 7,829 | 7,829 | 4,904 | |||||
| Other | 131,997 | 131,997 | 136,836 | ||||
| Total | 1,234,864 | 15,294 | 1,250,158 | 1,394,198 | |||
| NET INCOME | 438,520 | 17,528 | 456,048 | 460,645 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 4,097,332 | 376,683 | 4,474,015 | 4,013,370 |
| 2020 | 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| fund | fund | funds | funds | ||||||
| Notes | |||||||||
| TOTAL | FUNDS | CARRIED | FORWARD | 4,535,852 | 394,211 | 4,930,063 | 4 | 474,016 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 10 | 3,209,775 | 79,755 | 3,289,530 | 3,212,160 |
| Investment property |
11 | 943 526 | 943,526 | 877,019 | |
| 4,153,301 | 79,755 | 4,233,056 | 4,089,179 | ||
| CURRENT ASSETS | |||||
| Stocks | 12 | 91,757 | 91,757 | 161,304 | |
| Debtors | 13 | 19,942 | 19,942 | 15,011 | |
| Cash at bank and in hand | 1,382,176 | 314,456 | 1,696,632 | 1,386,886 | |
| 1,493,875 | 314,456 | 1,808,331 | 1,563,201 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (303,799) | (303,799) | (216,559) | |
| NET CURRENT ASSETS | 1,190,076 | 314,456 | 1,504,532 | 1,346,642 | |
| TOTAL ASSETSLESSCURRENT LIABILITIES | 5,343,377 | 394,211 | 5,737,588 | 5,435,821 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
15 | (807,525) | (807,525) | (961,806) | |
| NET ASSETS | 4,535,852 | 394,211 | 4,930,063 | 4,474,015 | |
| FUNDS | 18 | ||||
| Unrestricted funds |
4,535,852 | 4,097,332 | |||
| Restricted funds | 394,211 | 376,683 | |||
| TOTAL FUNDS | 4,930,063 | 4,474,015 |
| CASH FLOW STATEMENT | ||||
|---|---|---|---|---|
| FOR THE YEAR ENDED 31AUGUST 2020 | ||||
| 2020 | 2019 | |||
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations Interest paid |
724,022 ~25,)03) |
466,812 ~26,090) |
||
| Net cash provided by operating activities |
698,919 | 440,722 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets | (159,555) | (215,157) | ||
| Purchase ofinvestment property |
(66,507) | |||
| Interest received | 582 | 306 | ||
| Net cash used in investing | activities | ~225,480) | (214,851) | |
| Cash flows from financing Loan repayments in year |
activities | ~163,693) | ~25,497) | |
| Net cash used in financing | activities | (163,693) | (25,497) | |
| Change in cash and cash | equivalents | in the | ||
| reporting period |
309,746 | 200,374 | ||
| Cash and cash equivalents | at the beginning | of | ||
| the reporting period |
1,386,886 | 1,186,512 | ||
| Cash and cash equivalents | at the end | ofthe | ||
| reporting period |
1,696,632 | 1,386,886 |
| RECONCIL | IATION | O | F NE | T INCOME TO NET CASH FLOW FRO | M OPERATIN | G ACTIVITIES | ||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| f. | ||||||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | |||||
| Activities) | 456,048 | 460,645 | ||||||
| Adjustments | for: | |||||||
| Depreciation | charges | 82,186 | 79,243 | |||||
| Interest received | (582) | (306) | ||||||
| Interest paid | 25,103 | 26,090 | ||||||
| Decrease/(increase) | in stocks | 69,547 | (57,217) | |||||
| Increase in debtors Increase/(decrease) in creditors |
(4,931) 96,651 |
(2,764) ~38,879) |
||||||
| Net cash provided by operations |
724,022 | 466,812 | ||||||
| ANALYSIS | OF CHANGES IN NET FUNDS | |||||||
| At 1.9.19 | Cash flow | At 31.8.20 | ||||||
| Net cash | ||||||||
| Cash at bank | and in | hand | 1,386,886 | 309,746 | 1,696,632 | |||
| 1,386,886 | 309,746 | 1,696,632 | ||||||
| Debt | ||||||||
| Debts falling Debts falling |
due within due after |
1 | 1 year year |
(25,131) ~96),806) |
9,229 154,281 |
(15,902) ~807,525) |
||
| ~986,937) | 163,510 | (823,427) | ||||||
| Total | 399,949 | 473,256 | 873,205 |
| 2. | DONATIO | NS AND LEGACIES |
||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Donations | 821,536 | 1,084,749 | ||
| Gift aid | 65,408 | 34,428 | ||
| Grants | 95,815 | |||
| 982,759 | 1,119,177 | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 2020f | 2019f | |||
| Bookshop | income | 68,375 | 73,208 | |
| Funeral services | 32,822 | 41,985 | ||
| Other income | 956 | 17,449 | ||
| E-Learning | and education | 364,475 | 421,958 | |
| 466,628 | 554,600 | |||
| 4. | INVESTMENT INCOME | |||
| 2020 | 2019 | |||
| Rents received | 256,237 | 180,760 | ||
| Gift aid interest | 582 | 306 | ||
| 256,819 | 181,066 |
| CHARITABLE ACTIVITIES COSTS | |
|---|---|
| Direct | |
| Costs | |
| f. | |
| Salaries | 249,203 |
| Social security costs | 7,822 |
| Rates and water | 37,258 |
| Insurance | 11,361 |
| Light and heat Telephone and fax Printing postage and stationery Advertising Bookshop purchases Travel and subsistence |
57,935 5,880 9,943 5,51] 121,676 13,215 |
| Community events Cleaning Repairs and maintenance ELearning Rent payment Sundries |
62,536 15,729 24,845 235,820 8,755 7,008 |
| Education | 89,723 |
| Office admin | 130,818 |
| Funeral service expenses | |
| 15,294 | |
| Web costs | |
| 7,829 | |
| 1,118,161 |
| Governance | |||||
|---|---|---|---|---|---|
| Management | costs | Totals | |||
| E | |||||
| Other | resources | expended | 82,786 | 24,708 | 106,894 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Auditors' | remuneration | 3,900 | 3,900 | |
| Auditors' | remuneration | for non audit work | 1,900 | 1,900 |
| Depreciation - owned | assets | 82,185 | 79,243 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Wages and salaries | 375,660 | 356,824 | ||
| Social security costs | 5,248 | 6,654 | ||
| Pension | 2,574 | 3,100 | ||
| 366,878 | 337,437 | |||
| The average monthly | number ofemployees | for the year was as follows: | 2020 | 2019 |
| Administration | 7 | 7 | ||
| Teaching and fundraising | 29 | 27 | ||
| Total | 36 | 34 |
| 10. | TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Freehold | and | Computer | |||
| property | fittings | equipment | Totals | ||
| E | |||||
| COST | |||||
| At 1 September 2019 | 3,734,661 | 151,516 | 135,491 | 4,021,668 | |
| Additions | 141,450 | 3,195 | 14,910 | 159,555 | |
| At 31 August 2020 | 3,876,111 | 154,711 | 150,401 | 4,181,223 | |
| DEPRECIATION | |||||
| At 1 September 2019 | 599,414 | 122,528 | 87,566 | 809,508 | |
| Charge for year | 67,933 | 4,827 | 9,425 | 82,185 | |
| At 31August 2020 | 667,347 | 127,355 | 96,991 | 891,693 | |
| NET BOOKVALUE | |||||
| At 31 August 2020 | 3,208,764 | 27,356 | 53,410 | 3 289,530 | |
| At 31 August 2019 | 3,135,247 | 28,988 | 47,925 | 3,212,160 | |
| 11. | INVESTMENT PROPERTY | ||||
| FAIRVALUE | |||||
| At 1 September 2019 |
877,019 | ||||
| Additions | 66,507 | ||||
| At 31 August 2020 | 943,526 | ||||
| NET BOOK VALUE | |||||
| At 31 August 2020 | 943,526 | ||||
| At 31August 2019 | 877,019 |
| 12. | STOCKS | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Finished goods | 91,757 | 161,304 | ||
| 13. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2020 | 2019 | |||
| Other debtors | 5,200 | 5,200 | ||
| Prepayments and accrued income |
11,137 | 2,997 | ||
| Prepayments | 3,605 | 6,814 | ||
| 19,942 | 15,011 | |||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| f, | ||||
| Bank loans and overdrafts | (see note 16) | 15,902 | 25,131 | |
| Social security and other taxes | 1,027 | 2,297 | ||
| Other creditors | 249,539 | 155,477 | ||
| Wages | 25,200 | 27,331 | ||
| Pensions | 531 | 523 | ||
| Accrued expenses | 11,600 | 5,800 | ||
| 303,799 | 216,559 | |||
| 15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2020 | 2019 | |||
| Bank loans (see note 16) | 807,525 | 961,806 | ||
| 16. | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| 2020 | 2019 | |||
| Amounts falling due within one year on demand: |
||||
| Bank loans | 15,902 | 25,131 | ||
| Amounts falling due in more than five years: |
||||
| Repayable by instalments: | ||||
| Bank loans more 5 yr by instal | 807,525 | 961,806 | ||
| Page 19 | continued. .. |
| 2020 | 2019 |
|---|---|
| f. | |
| 823,427 | 986,937 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.9.19 | in funds | 31.8.20 | ||
| Unrestricted funds |
||||
| General fund | 4,097,332 | 438,520 | 4,535,852 | |
| Restricted funds | ||||
| Restricted fund | 376,683 | 17,528 | 394,211 | |
| TOTAL FUNDS | 4,474,015 | 456,048 | 4,930,063 | |
| Net movement in funds, included |
in the above are as follows: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General fund | 1,673,384 | (1,234,864) | 438,520 | |
| Restricted funds | ||||
| Restricted fund | 32,822 | (15,294) | 17,528 | |
| TOTAL FUNDS | 1,706,206 | (1,250,1587 | 456,048 |
| Comparatives for movem |
ent in funds |
||||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1.9.18 | in funds | 3'1.8.19 | |||||
| f. | |||||||
| Unrestricted funds |
|||||||
| General fund | 3,661,727 | 435,605 | 4,097,332 | ||||
| Restricted funds | |||||||
| Restricted fund | 351,643 | 25,040 | 376,683 | ||||
| TOTAL FUNDS | 4 013,370 | 460,645 | 4,474 015 | ||||
| Comparative net movement |
in funds, included | in the above are | as follows: | ||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted funds |
|||||||
| General fund | 1,812,858 | (1,377,253) | 435,605 | ||||
| Restricted funds | |||||||
| Restricted fund |
41,985 | (16,945) | 25,040 | ||||
| TOTAL FUNDS | 1,854,843 | ~1,394,198) | 460,645 | ||||
| A current year 12 months | and prior year 12months | combined | position is as | follows: | |||
| Net | |||||||
| movement | At | ||||||
| At 1.9.18 | in funds | 31.8.20 | |||||
| Unrestricted funds |
|||||||
| General fund | 3,661,727 | 874,125 | 4,535,852 | ||||
| Restricted funds | |||||||
| Restricted fund | 351,643 | 42,568 | 394,211 | ||||
| TOTAL FUNDS | 4,013,370 | 916,693 | 4,930,063 |
| A current year 12months and prior year 12mon |
ths combined net movement in funds, incl |
uded in the above |
are as follows: |
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 3,486,242 | (2,612,117) | 874,125 |
| Restricted funds | |||
| Restricted fund | 74,807 | (32,239) | 42,568 |
| TOTAL FUNDS | 3,561,049 | (2,644,356) | 916,693 |