## ## ## |||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| ## ##