OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-08-31-accounts

Page
Legal and administrative information
Trustees'
annual
report		 2 —5
Independent
examiner's		 report
Statement offinancial activities
Balance sheet
Notes to the accounts 9-13

Unrestricted Restricted 2021 Unrestricted Restricted 2020
funds funds Total funds funds Total
Notes E f f E f f
Income from:
Donations 2,650 2,650 1123 1,123
Charitable
activities		 17,530 17,530 25,593 25,593
Investments 7,500 7,500 7,501 7,501
Other 92 92 203 203
Totalincome 27,772 27,772 34,420 34,420
Expenditure
on:
Raising funds 2,059 2,059 1,453 1,453
Charitable
activities		 32,919 32,919 37,058 37,058
Total expenditure 34,978 34,978 38,511 38,511
Net income/(expenditure) (7,206) (7,206) (4,091) (4,091)
Transfers 14
Net movement
in funds		 (7,206) (7,206) (4,091) (4,091)
Reconciliation offunds:
Total funds brought forward 79,104 2,387 81,491 83,195 2,387 85,582
Total funds carried forward 71,898 2,387 74,285 79,104 2,387 81,491

2021 2020
Notes 6 6
Fixed assets
Investments 9 80,000 80,000
Tangible assets 10
Total fixed assets 80,000 80,000
Current assets
Stocks 11 1,000 1,000
Debtors 12 675 978
Cash at bank and in hand 4,340 4,303
Total current assets 6,015 6,281
Creditors: amounts falling due
within one year (11,730) (4,790)
Net current assets (5,715) 1,491
Total assets less current liabilities 74,285 81,491
Creditors: amounts falling due after one year
Total net assets 74,285 ac491
Represented
By
FUNDS
General funds 71,898 30,481
Revaluation
reserve		 48,623
Total unrestricted funds 71,898 79,104
Restricted funds 14 2,387 2,387
Total charity funds 15 74,285 81,491

2 Income fro m donations
Unrestricted Restricted 2021 2020
Funds Fuiids Total Total
E E 6 f
Donations and difts 1,650 1,650 1,123
Loan weivers 1,00D 1,000
2,650 2,65D 1,123
3 Income from charitable activities
Unrestricted Restricted 2021 2020
Funds Funds Total Total
f f f
Course fees 13,025 13,025 20,975
Memberships 4,5D5 4,505 4,4BD
Book income 138
17,530 17,530 25,593
All income in 2020 was unrestricted.
4 Income from investments
Unrestricted Restricted 2021 2020
Funds Funds Tots I Total
4 f E E
Rental Income 7,500 7,500 7,500
Bank interest 1
7,500 7,500 7,501
Ail income in 2020 was unrestricted.
5 Expenditure on raising funds - Investment management costs
Unrestricted Restricted 2021 2020
Funds Funds Total Total
f 6 f f
Rent collection, property repairs and maintenance charges 2,059 2,059 1,453
2,059

6 Expenditure
on charitable		 Expenditure
on charitable		 Expenditure
on charitable		 activities
Unrestricted Restricted 2021 2020
Funds Fuiirls Total Total
Notes E 6 6
Direct costs
Salaries 11,370 11,370 11,123
Other staff casts 724 724 1,414
Literary resources and books 423 423 1,113
Course administration charges 6,572 6,572 8,543
Catering 18 18 272
Advertismg
and marketing		 costs 4
Consultancy 1,848 1,848 2,000
Rent 6,120 6,120 6,700
Computer
costs		 1,962 1,962 1,285
Insurance 1,584 1,584 1,555
Telephone 784 784 823
Postage, photocopying and stationery 685 685 922
Other office casts 41 41 631
Independent
examination		 fee (accountancy) 480 480 480
Other legal and professional costs 60 60
Sundry expenses 248 248 193
32,919 32,919 37,058

Staff costs
2021 2020
6 6
Salaries 11,370 11,123
11,370 11,123
Number of employees 2021 2020
Tutors 1.00 1.50
Management and administration 1.00 1.00
2.0D 2.50

Cost
As at 1September 2020
As at 31August 2021
Depreciation
As at 1September 2020
As at31August 2021
Net book value
As at31August 2021
As at 31August 2020
11 Stock
Fimshed goods and goods for resale- library of pubhcations and magazines
12 Debtors
Trade debtors
Prepayments
13 Credltars: amounts falling due within one year
Other creditors
Accruals
Other taxes and social security

14 Restricted funds
Balance Balance
b/fwd Income Expenditure Transfers c/fwd
E E E E E
Scholarship
fund		 2,387 2,387
2,387 2,387
The Scholarship fund represents the initial donations mcoming from a campaign to raise funds to support students unable to obtain a grant or money
towards the cost ofa course. The funds are set aside for this purpose only.
prior year comp orision Boionce Balance
O/f wd income Expenditure transfers c/fwd
E E E E E
schoiors
hip fund		 2,387 2387
2,387
15 Net assets by fund
Unrestricted Restricted Total Unrestricted Restricted Tots I
Funds Funds 2021 Funds Funds 2020
E E 6 E E E
Fixed assets 80,000 80,000 80,000 80,000
Current assets 3,628 2,387 6,015 3,894 2,387 6,281
Current
liabilities		 (11,730) (11,730) (4,790) (4,790)
81,491
16 Related party transactions
Erica Dunmow,
trustee,		 is also a trustee of Luther King House Educational Trust (LKH), the private college which runs the undergraduate courses which are
recognised
by HEFCE.		 Erica is a representative of Urban Theology Union on the LKH board, in common with other representatives, to be responsive
to
denominal
issues		 and to provide a coherent way forward. Course fee income of 610,915was received in the year, being income collected by individuals
(2020:619,530) and course administrative fees of 66,572 were paid during the year (2020: E8,543).There were no outstanding debtors at the year end
(2020:Enil).
Revd Jonathan
Heigh became a trustee on		 21 November 202D. He is also a trustee ofThe Foundry, who own the building at which Urban Theology Union
is
based. Rent of66,085was paid during the year. Rent was paid at market value.
There were no further related party transactions during the year.
17 Operating lease commlttm enate
At the reporting end date the charitable company
had outstanding		 commitments for future minimum lease payments under non-cancellable operating
leases, which fall due as follows:
2021 2020
6 E
Within one year 475 475
Between one and five years 832 1,3D7