## ||||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|