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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent
Auditors|5|to|6|
|Statement ofFinancial Activities||||
|Balance Sheet|8|to|9|
|Cash Flow Statement||10||
|Notes to the Cash Flow Statement||||
|Notes to the Financial Statements|12|to|19|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes||f.|||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations
and legacies|||1,750,892||1,750,892|982,759|
|Other trading activities|||387437|66,406|453,943|466,628|
|Investment
income|||250,126||250,126|256,819|
|Total|||2/88/55|66,406|2,454,961|1,706+06|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Salaries|||247,095||247,095|249803|
|Social security costs|||10,256||10/56|7,822|
|Rates and water|||38,769||38,769|37/58|
|Insurance|||12,618||12,618|11/61|
|Light and heat|||51,931||51,931|57,935|
|Telephone and fax|||4,442||4,442|5,880|
|Printing postage and stationery|||4,585||4,585|9,943|
|Advertising|||2,136||2,136|5,511|
|Bookshop purchases|||42,342||42/42|121,676|
|Travel and subsistence|||6,947||6,947|13,215|
|Community
events|||14,049||14,049|62,536|
|Cleaning|||554||554|15,729|
|Repairs and maintenance|||56,449||56,449|24,845|
|ELearning
Rent payment|||317,720
4,972||317,720
4,972|235,820
8,755|
|Sundries|||9,111||9,111|7,008|
|Education|||63,360||63,360|89,723|
|Office admin|||123,238||123/38|130,818|
|Funeral service expenses|||||||
|||||11/43|11/43|15,294|
|Web costs|||||||
||||20,658||20,658|7,829|
|Other|||150,612||150,612|131,997|
|Total|||1,181,844|11,243|1,193,087|1,250,158|
|NET INCOME|||1/06,711|55,163|1,261,874|456,048|
|RECONCILIATION|OFFUNDS||||||
|Total funds brought forward|||4,535,852|394/11|4,930,063|4,474,015|
|TOTAL FUNDS CARRIED FORWARD|||5,742,563|449'74|6,191,937|4,930,063|
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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fimd|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|10|3,453,323|79,755|3433,078|3489,530|
|Investment
property|11|1,277,019||1377,019|943,526|
|||4,730,342|79,755|4,810,097|4@33,056|
|CURRENT ASSETS||||||
|Stocks|12|96,747||96,747|91,757|
|Debtors|13|114,144||114,144|19,942|
|Cash at bank and in hand||1,979,647|369,619|2/49,266|1,696,632|
|||2,190,538|369,619|2/60, 157|1,808/31|
|CREDITORS||||||
|Amounts
falling due within one year|14|(396,485)||(396,485)|(303,799)|
|NET CURRENT ASSETS||1,794,053|369,619|2,163,672|1,504,532|
|TOTAL ASSETSLESSCURRENT LIABILITIES||6,524395|449/74|6,973,769|5,737,588|
|CREDITORS||||||
|Amounts
falling due after more than one year|15|(781,$32)||(7$1,832)|(807,525)|
|NET ASSETS||5,742,563|449'74|6,191,937|4,930,063|
|FUNDS|18|||||
|Unrestricted
funds||||5,742,563|4,535,852|
|Restricted funds||||449/74|394311|
|TOTAL FUNDS||||6,191,937|4,930,063|
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||||||CASH FLOW STATEMENT|||
|---|---|---|---|---|---|---|---|
||||||FORTHE YEARENDED 31AUGUST|2021||
|||||||2021|2020|
||||||Notes|||
|Cash flows from|operating||activities|||||
|Cash generated
&om operations||||||1/38/15|724,022|
|Interest paid||||||(17,196)|(25,103)|
|Net cash provided|by operating
activities|||||1/21,019|698,919|
|Cash flows from|investing||activities|||||
|Purchase oftangible fixed||assets||||(335361)|(159,555)|
|Purchase ofinvestment
property||||||(333,493)|(66,507)|
|Interest received||||||469|582|
|Net cash used in|investing|activities||||(668/85)|(225,480)|
|Cash flows from|financing||activities|||||
|Loan repayments|in year||||||(163,693)|
|Net cash provided|by/(used||in) financing|activities|||(163,693)|
|Change in cash and cash||equivalents||in the||||
|reporting
period||||||652,634|309,746|
|Cash and cash equivalents|||at the beginning||of|||
|the reporting
period||||||1,696,632|1/86,886|
|Cash and cash equivalents|||at the end|ofthe||||
|reporting
period||||||2,349,266|1,696,632|
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|RECONCILIATION|RECONCILIATION|RECONCILIATION|OFNET INCOME TO NET CASH FLOW FROM|OFNET INCOME TO NET CASH FLOW FROM|OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|Net income|for the|reporting period (asper the Statement ofFinancial||||||
|Activities)||||||I/61,874|456,048|
|Adjustments|for:|||||||
|Depreciation|charges|||||91,813|82,186|
|Interest received||||||(469)|(582)|
|Interest paid||||||17,196|25,103|
|(increase)/decry||in|stocks|||(4,990)|69,547|
|Increase in debtors||||||(94302)|(4,931)|
|Increase in creditors||||||66,993|96,651|
|Net cash provided||by|operations|||1,338415|724,022|
|ANALYSIS|OFCHANGES IN NET FUNDS|||||||
||||||At 1.920|Cash flow|Ai31.8.21|
|Net cash||||||||
|Cash at bank|and in|hand|||1,696,632|652,634|2349,266|
||||||1,696,632|652,634||
|Debt||||||||
|Debts falling|due within|||1 year|(15,902)|(9,328)|(25/30)|
|Debts falling|due afler||I|year|(807,525)|25,693|(781,832)|
||||||(823,427)|16,365|(807,062)|
|Total|||||873,205|668,999|1,542,204|
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|DONATIO|NS
AND LEGACIES|||
|---|---|---|---|
|||2021|2020|
||||f.|
|Donations||1,598,401|821,536|
|Gift aid||152,491|65,408|
|Grants|||95,815|
|||1,750,892|982,759|
|OTHER TRADING ACTIVITIES||||
|||2021|2020|
|||f.||
|Bookshop|income|85,666|68/75|
|Funeral services||66,406|32,822|
|Other income||5,560|956|
|E-Learning|and education|296,311|364,475|
|||453,943|466,628|
|INVESTMENT INCOME||||
|||2021|2020|
|Rents received||249,657|256237|
|Gift aid interest||469|582|
|||250,126|256,819|
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|CHARITABLE ACTIV|ITIES COSTS||||
|---|---|---|---|---|
|||||Direct|
|||||Costs|
|Salaries||||247,095|
|Social security costs||||10/56|
|Rates and water||||38,769|
|Insurance||||12,618|
|Light and heat||||51,931|
|Telephone
and fax||||4,442|
|Printing postage and stationery
Advertising
Bookshop purchases
Travel and subsistence||||4,585
2,136
42/42
6,947|
|Community
events
Cleaning
Repairs and maintenance
ELearning
Rent payment
Sundries||||14,049
554
56,449
317,720
4,972
9,111|
|Education||||63,360|
|Office admin||||123,238|
|Funeral service expenses|||||
|||||11+43|
|Web costs|||||
|||||20,658|
|||||1,042,475|
|SUPPORT COSTS|||||
||||Governance||
|||Management|costs|Totals|
|Other resources expended||91,813|41,603|133,416|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)|is stated after charging/(crediting):||||
||||2021|2020|
|Auditors'
remuneration|||4,100|3,900|
|Auditors'
remuneration|for non audit work||2,000|1,900|
|Depreciation - owned assets|||91,813|82,185|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Wages and salaries||||||391354|375,660|
|Social security costs||||||7/85|5/48|
|Pension||||||2857|2,574|
|||||||401,596|383,482|
|The average monthly|number ofemployees||for the year was as follows:|||2021|2020|
|Administration||||||9|7|
|Teaching and fimdraising||||||39|29|
|Total||||||48|36|
|f144/59 is related directly to education classes which is||||reflected within the relevant category ofeducation.||||
|No employees
received emoluments||in excess of860,000during the year.||||||
|TANGIBLE FIXEDASSETS||||||||
||||||Fixtures|||
||||Freehold|Plant and|and|Computer||
||||property|machinery|fittings|equipment|Totals|
|COST||||||||
|At 1 September 2020||3,876,111|||154,711|150,401|4,181/23|
|Additions|||295,564|27,500|6,848|5,449|335,361|
|At 31August 2021||4,171,675||27/00|161,559|155,850|4,516,584|
|DEPRECIATION||||||||
|At 1 September 2020|||667,347||127,355|96,991|891,693|
|Charge foryear|||73,728|4,125|5,131|8,829|91,813|
|At 31August 2021|||741,075|4,125|132,486|105,820|983,506|
|NET BOOKVALUE||||||||
|At 31August 2021||3,430,600||23375|29,073|50,030|3,533,078|
|At 31August 2020||3,208,764|||27356|53,410|3289,530|
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|INVESTMENT PROPERTY||||||
|---|---|---|---|---|---|
|FAIRVALUE||||||
|At 1 September 2020|||||943,526|
|Additions|||||333,493|
|At 31August 2021|||||1,277,019|
|NKT BOOKVALUE||||||
|At 31August 2021|||||1/77,019|
|At 31August 2020|||||943,526|
|Properties have been reclassified from land and buildings|to investment|properties|during the year.|||
|STOCKS||||||
|||||2021|2020|
|||||f.||
|Finished goods||||96,747|91,757|
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
|||||2021|2020|
|Other debtors||||5/00|5+00|
|Prepayments
and accrued income||||101,304|11,137|
|Prepayments||||7,640|3,605|
|||||114,144|19,942|
|CREDITORS: AMOUNTS FALLING DUE WITHIN|ONK YEAR|||||
|||||2021|2020|
|Bank loans and overdrafts (see note 16)||||25/30|15,902|
|Social security and other taxes||||1,763|1,027|
|Other creditors||||332,776|249/39|
|Wages||||28/42|25,200|
|Pensions||||931|531|
|Accrued expenses||||7,243|11,600|
|||||396,485|303,799|
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|FO|FO|
RTHE YEARENDED 31AUGUST 2021|||
|---|---|---|---|---|
|CREDITORS: AMOUNTS FALLING||DUE AFIERMORE THAN ONE YEAR|||
||||2021|2020|
|Bank loans|(see note 16)||781,832|807,525|
|LOANS|||||
|An analysis|ofthe maturity ofloans is given below:||||
||||2021|2020|
|Amounts
falling due within one year on demand:|||||
|Bank loans|||25330|15,902|
|Amounts
falling due in more than five years:|||||
|Repayable|by instalments:||||
|Bank loans|more 5yr by instal||781,832|807,525|
|SECURED DEBTS|||||
|The following
secured debts are included||within creditors:|||
||||2021|2020|
|Bank loans|||807,062|823,427|
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|MOVEMENT IN FUNDS||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1.920|in funds|31.821|
|Unrestricted
funds||||
|General fund|4,535,852|1+06,711|5,742,563|
|Restricted funds||||
|Restricted fund|394/11|55,163|449/74|
|TOTAL FUNDS|4,930,063|1361,874|6,191,937|
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|Net movement
in funds, inclu|ded
in the above|are as follows:||||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||||E|
|Unrestricted
funds||||||
|General fund|||2$88$55|(1,181,844)|1/06,711|
|Restricted funds||||||
|Restricted fund|||66,406|(11,243)|55,163|
|TOTAL FUNDS|||2,454,961|(1,193,087)|1,261,874|
|Comparatives
for movement|in funds|||||
|||||Net||
|||||movement|At|
||||At 1.9.19|in funds|31.8.20|
|Unrestricted
funds
General fund|||4,097332|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|
|Comparative
net movement|in funds, included|in the above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||f.|||
|Unrestricted
funds
General fund|||1,673,384|(1434,864)|438,520|
|Restricted funds
Restricted fund|||32,822|(15/94)|17,528|
|TOTAL FUNDS|||1,706@06|(1~0,158)|456,048|
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||||||Net||
|---|---|---|---|---|---|---|
||||||movement|At|
|||||At 1.9.19|in funds|31.8.21|
|Unrestricted
funds|||||||
|General fund||||4,097,332|1,645/31|5,742463|
|Restricted funds|||||||
|Restricted fund||||376,683|72,691|449,374|
|TOTAL FUNDS||||4,474,015|1,717,922|6,191,937|
|A current year 12months|and prior year 12months|combined|net movement|in funds, included|in the above are as follows:||
|||||Incoming|Resources|Movement|
|||||fesollfces|expended|in funds|
|Unrestricted
funds|||||||
|General fund||||4,061,939|(2,416,708)|1,645/31|
|Restricted funds|||||||
|Restricted fund||||99328|(26,537)|72,691|
|TOTAL FUNDS||||4,161,167|(2,443/45 )|1,717@22|
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