| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 | |
| Report ofthe Independent Auditors |
6 | to | 8 | |
| Statement ofFinancial Activities | ||||
| Balance Sheet | 10 | |||
| Cash Flow Statement | ||||
| Notes to the Cash Flow Statement | 12 | |||
| Notes to the Financial Statements | 13 | to | 18 | |
| Detailed Statement ofFinancial | Activities | 19 | to | 20 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| fund | funds | funds | funds | ||||||
| Notes | |||||||||
| INCOME | AND ENDOWMENTS | FROM | |||||||
| Donations | and legacies | 239,461 | 239,461 | 213,729 | |||||
| Charitable | activities | ||||||||
| Promotion, | sale and distribution | of | religious | ||||||
| literature | 125,214 | 125,214 | 132,882 | ||||||
| Investment | income | 79 | 79 | 76 | |||||
| Other income | 5,538 | 5,538 | 22,300 | ||||||
| Total | 370,292 | 370,292 | 368,987 | ||||||
| EXPENDITURE ON | |||||||||
| Raising funds | 6,923 | 6,923 | 6,702 | ||||||
| Charitable | activities | ||||||||
| Promotion, | sale and distribution | of | religious | ||||||
| literature | 355,054 | 355,054 | 325,257 | ||||||
| Total | 361,977 | 361,977 | 331,959 | ||||||
| NET INCOME | 8,315 | 8,315 | 37,028 | ||||||
| RECONCILIATION | OF FUNDS | ||||||||
| Total funds brought | forward | 304,898 | 304,898 | 267,870 | |||||
| TOTAL FUNDS CARRIED | FORWARD | 313,213 | 313,213 | 304,898 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 8,580 | 8,580 | 12,817 | |||
| CURRENT ASSETS | ||||||
| Stocks | 12 | 72,842 | 72,842 | 63,743 | ||
| Debtors | 13 | 8,710 | 8,710 | 5,556 | ||
| Cash at bank and in hand | 232,892 | 232,892 | 229,691 | |||
| 314,444 | 314,444 | 298,990 | ||||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 14 | (9,811) | (9,811) | (6,909) | |
| NET CURRENT ASSETS | 304,633 | 304,633 | 292,081 | |||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 313,213 | 313,213 | 304,898 | |||
| NET ASSETS | 313,213 | 313,213 | 304,898 | |||
| FUNDS | 15 | |||||
| Unrestricted funds |
313,213 | 304,898 | ||||
| TOTAL FUNDS | 313,213 | 304,898 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
10,114 | 27,439 | |||
| Interest paid | ~6,493) | ~7,482) | |||
| Net cash provided by operating activities |
3,621 | 19,957 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets |
(499) | (371) | |||
| Interest received | 79 | 76 | |||
| Net cash used in investing | activities | ~420) | ~295) | ||
| Change in cash and cash equivalents |
in | ||||
| the reporting period |
3,201 | 19,662 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 229,691 | 210,029 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
232,892 | 229,691 |
| RECONCILIATION | RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OPERATING | |
|---|---|---|---|---|---|
| ACTIVITIES | |||||
| 2022 | 2021 | ||||
| Net income for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 8,315 | 37,028 | |||
| Adjustments for: |
|||||
| Depreciation charges |
4,736 | 5,049 | |||
| Loss on disposal of | fixed assets | 177 | |||
| Interest received | (79) | (76) | |||
| Interest paid | 6,493 | 7,482 | |||
| Increase in stocks |
(9,099) | (13,622) | |||
| Increase in debtors | (3,154) | (1,464) | |||
| Increase/(decrease) | in | creditors | 2,902 | ~7,135) | |
| Net cash provided | by | operations | 10,114 | 27,439 | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||||
| At 1.7.21 | Cash flow | At 30.6.22 | |||
| Net cash | |||||
| Cash at bank and in | hand | 229,691 | 3,201 | 232,892 | |
| 229,691 | 3,201 | 232,892 | |||
| Total | 229,691 | 3,201 | 232,892 |
| DONATIONS | DONATIONS | DONATIONS | AND | AND | LEGACIES | LEGACIES | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| Donations | 239,461 | 213,729 | |||||||||
| 3. | INVESTMENT | INCOME | |||||||||
| 2022 | 2021 | ||||||||||
| Deposit account | interest | 79 | 76 | ||||||||
| 4. | INCOME | FROM CHARITABLE ACTIVITIES | |||||||||
| 2022 | 2021 | ||||||||||
| Activity | |||||||||||
| Promotion, | sale and distribution | ofreligious | |||||||||
| Sales | literature | 125,214 | 132,882 | ||||||||
| 5. | OTHER | INCOME | |||||||||
| 2022 | 2021 | ||||||||||
| Government | furlough | grant | 5,538 | 22,300 | |||||||
| 6. | CHARITABLE | ACTIVITIES COSTS | |||||||||
| Support | |||||||||||
| Direct | costs (see | ||||||||||
| Costs | note 7) | Totals | |||||||||
| Promotion, | sale | and | distribution | of | |||||||
| religious | literature | 352,854 | 2,200 | 355,054 |
| Governance | |||||
|---|---|---|---|---|---|
| costs | |||||
| Promotion, | sale | and | distribution | ofreligious | |
| literature | 2,200 |
| 2022 | 2021 | ||
|---|---|---|---|
| Auditors' | remuneration | 2,200 | 2,200 |
| Depreciation - owned assets |
4,736 | 5,049 | |
| Deficit on | disposal offixed assets | 177 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Wages and salaries | 174,547 | 154,019 | |||
| Social security costs | 9,810 | 8,441 | |||
| Other pension costs | 8,786 | 7,980 | |||
| 193,143 | 170,440 | ||||
| The average monthly |
number ofemployees | during | the year was as follows: | ||
| 2022 | 2021 | ||||
| Charitable Activities |
8 | 7 |
| 11. | TANGIBLE | FIXEDASSETS | ||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| and | Motor | Computer | ||||
| fittings | vehicles | equipment | Totals | |||
| COST | ||||||
| At 1st July 2021 | 999 | 19,100 | 27,777 | 47,876 | ||
| Additions | 499 | 499 | ||||
| At 30th June | 2022 | 999 | 19,100 | 28,276 | 48,375 | |
| DEPRECIATION | ||||||
| At 1st July 2021 | 999 | 7,640 | 26,420 | 35,059 | ||
| Charge for year | 3,820 | 916 | 4,736 | |||
| At 30th June | 2022 | 999 | 11,460 | 27,336 | 39,795 | |
| NET BOOK | VALUE | |||||
| At 30th June | 2022 | 7,640 | 940 | 8,580 | ||
| At 30th June | 2021 | 11,460 | 1,357 | 12,817 | ||
| 12. | STOCKS | |||||
| 2022 | 2021 | |||||
| Stock | 72,842 | 63,743 | ||||
| 13. | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| Trade debtors | 4,756 | 759 | ||||
| Gift aid to be | reclaimed | 1,437 | 2,640 | |||
| CMI USA | 621 | |||||
| VAT | 1,896 | 1,157 | ||||
| Prepayments | and accrued income | 1,000 | ||||
| 8,710 | 5,556 |
| 14. | CREDITOR | : AMO | UN | TS F |
A | LLING DUE WITHIN ONE | YEAR | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Trade creditors | 3,611 | 978 | ||||||||
| Social security | and other | taxes | 2,610 | 1,975 | ||||||
| CMI Australia | 1,390 | 1,488 | ||||||||
| CMI USA | 268 | |||||||||
| Accruals and |
deferred | income | 2,200 | 2,200 | ||||||
| 9,811 | 6,909 | |||||||||
| 15. | MOVEMENT | IN FUNDS | ||||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.7.21 | in funds | 30.6.22 | ||||||||
| Unrestricted | funds | |||||||||
| General fund |
304,898 | 8,315 | 313,213 | |||||||
| TOTAL FUNDS | 304,898 | 8,315 | 313,213 | |||||||
| Net movement | in funds, | included | in the above are as follows: | |||||||
| Incoming | Resources | Movement | ||||||||
| resources | expended | in funds | ||||||||
| Unrestricted | funds | |||||||||
| General fund |
370,292 | (361,977) | 8,315 | |||||||
| TOTAL FUNDS | 370,292 | (361,9777 | 8,315 | |||||||
| Comparatives | for movement | in | funds | |||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.7.20 | in funds | 30.6.21 | ||||||||
| Unrestricted | funds | |||||||||
| General fund |
267,870 | 37,028 | 304,898 | |||||||
| TOTAL FUNDS | 267,870 | 37,028 | 304,898 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General | fund | 368,987 | (331,959) | 37,028 | |
| TOTAL | FUNDS | 368,987 | ~331,969) | 37,028 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.7.20 | in funds | 30.6.22 | |||
| Unrestricted | funds | ||||
| General | fund | 267,870 | 45,343 | 313,213 | |
| TOTAL | FUNDS | 267,870 | 45,343 | 313,213 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General | fund | 739,279 | (693,936) | 45,343 | |
| TOTAL | FUNDS | 739,279 | (693,936) | 45,343 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| INCOME AND | ENDOWMENTS | |||||||
| Donations and legacies |
||||||||
| Donations | 239,461 | 213,729 | ||||||
| Investment | income | |||||||
| Deposit account | interest | 79 | 76 | |||||
| Charitable | activities | |||||||
| Sales | 125,214 | 132,882 | ||||||
| Other income | ||||||||
| Government | furlough | grant | 5,538 | 22,300 | ||||
| Total incoming | resources | 370,292 | 368,987 | |||||
| EXPENDITURE | ||||||||
| Raising donations | and | legacies | ||||||
| Van expenses | 2,187 | 1,476 | ||||||
| Depreciation | offixtures | k | fittings | 125 | ||||
| Depreciation | ofmotor | vehicles | 3,820 | 3,820 | ||||
| Depreciation | ofcomputer | equipment | 916 | 1,104 | ||||
| Loss on sale | oftangible | fixed assets | 177 | |||||
| 6,923 | 6,702 | |||||||
| Charitable | activities | |||||||
| Wages | 174,547 | 154,019 | ||||||
| Social security | 9,810 | 8,441 | ||||||
| Pensions | 8,786 | 7,980 | ||||||
| Office rent | 10,028 | 10,028 | ||||||
| Insurance | 2,495 | 1,952 | ||||||
| Light and heat | 3,589 | 3,230 | ||||||
| Telephone | 1,131 | 1,159 | ||||||
| Postage and | stationery | 23,030 | 23,365 | |||||
| Honoraria | 3,027 | 550 | ||||||
| Travel A Subsistence | 9,250 | 349 | ||||||
| Outreach | 2,135 | 700 | ||||||
| Newsletters | 30,387 | 30,710 | ||||||
| Purchases | 140,778 | 136,835 | ||||||
| Closing Stock | (72,842) | (63,743) | ||||||
| Conference | costs | 210 | ||||||
| Bank charges | 6,493 | 7,482 | ||||||
| 352,854 | 323,057 |
| 2022 | 2021 | ||
|---|---|---|---|
| Support costs | |||
| Governance | costs | ||
| Auditors' remuneration |
2,200 | 2,200 | |
| Total resources | expended | 361,977 | 331,959 |
| Net income | 8,315 | 37,028 |