OpenCharities

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

2021-03-31-accounts

31/3/21 3I/3/20
Unrestricted Unrestricted
fund funds
Notes g
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,329,966 16,5i5,i47
Investment income 777,003 3 770925
Total 2,107,049 20,286,072
EXPENDITURE ON
Charitable activities
General 257,796 (501,330)
Other 24 000 11 763
Total 282,296 (489,567)
NET INCOME 1,824,753 20,775,639
RECONCILIATION OF FUNDS
Total funds brought forward 27,166,375 6,390,736
TOTAL FUNDS CARRIED FORWARD 20991120 27166375

31/3/21 31/3/20
Unrestricted Unrestricted
fund funds
Notes g
FIXEDASSETS
Tangible assets 10 4)053)812 2,992,500
Investments 11 11205 640 9,652,366
15,309,460 12,644,866
CURRENT ASSETS
Debtors 12 15,950,126 12,618,347
Cash at bank 9411047 6556220
16&8907173 19174767
CREDITORS
Amounts
falling due within one year		 13 (408,450) (2,329,775)
NET CURRENT ASSETS 16401723 161144,992
TOTAL ASSETSLESSCURRENT
LIABILITIES 31,791,183 29,489,858
CREDITORS
Amounts
falling due afier more than one year		 14 (2,800,055) (2,323,483)
NET ASSETS 20,991,128 27,166,375
FUNDS 17
Unrestricted
funds		 28,991128 27 166,375
TOTALII'UNDS 20991,120 27,166375

RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31/3/21 31/3/20
Net income for tbe reporting period (as per the Statement ofFinancial
Activities) 1,824,753 20,775,639
Adjustments for:
Depreciation charges 17,742
Interest received (624,850) (l91,374)
Interest paid 82,051 63,053
Increase in debtors
Decrease in creditors		 (3331,579)
~26~669		 (4,945,750)
~4943362
Net cash (used in)/provided by operations ~4290,1522 10,718,296
ANALYSIS OFCASH AND CASH EQUIVALENTS
31/3/21 3I/3/20
Notice deposits (less than 3 months) 940,047 6,556,220
Overdraits
included		 in bank loans and overdrafls falling due within one year ~321516
Total cash and cash equivalents 618,531 6,556,220
ANALYSIS OFCHANGES IN NET FUNDS/(DEBT)
Ai I/4/20 Cash flow At:31/3/21
f.
Net cash
Cash at bank
Bank overdraft		 6,556,220 (5,616,173)
~321516		 940,047
~322,516
~6556 211 ~5937619 ~670
Debt
Debts falling due after I year ~1,260000 ~50II,000 ~1.760,000
~6208000 ~50II,000 ~6750,300
Total ~8296 20 ~6376O ~124146

3. DONATIONS DONATIONS AND LEGACIES AND LEGACIES AND LEGACIES
31/3/21 31/3/20
8
Donations 1,129,966 16,111,147
4. INVESTMENT INCOME
31/3/21 31/3/20
Rents received 23,428
(Loss)/Profit on investment disposal (319,514) 2,119,380
Amounts received on investment 448,319 1,460,171
Interest receivable 624,850 191,374
~777083 3,770,925
5. CHARITABLE ACTIVITIES COSTS
Human
Management Finance resources
6
Other resources expended
General 110,660 ~84509 ~6128
~110660 84,509 6,128
Governance
Other costs Totals
6
Other resources expended 24,500 24,500
General 35,445 21,054 257,796
35,445 45,554 282,296

TANGIBLE FIXEDASSETS
Improvements Fixtures
Freehold to and
Land and property
g		 property
g		 fittings
I		 Totals
I,
COST
At 1 April 2020 2,992,500 2,992,500
Additions 960,777 1079044 11,233 1,079,054
At 31March 2021 3,953,277 ~107044 11,233 4,071,554
DEPRECIATION
Charge foryear 16,057 1,685 17,742
NET BOOKVALUE
At 31March 2021		 ~3953 77 ~90987 9,548 ~4053dtI2
At 31March 2020 2992500 2992Stm

FIXEDASSETINVESTMENTS
Unlisted
investments
I
MARKET VALUE
At 1April 2020 9,652866
Additions 62269/41
Disposals ~4666 559)
At 31March 2021 11,255 6411
NET BOOKVALUE
At 31March 2021 11255 645
At 31March 2020 9,652,366

12. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/21 31/3/20
Loan due from Related Parties 15,597,326 10,519,755
Loan due from External Parties 1,000,000
Other debtors 188,543 1,098,792
Prepayments
and accmed income		 & 932
159950&126 12,618,547
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/21 31/3/20
g
Bank loans and overdrags
(see note 15)		 321,516
Trade creditors 51,765 93
Other creditors 2,298,254
Amounts
owed to companies		 under common control 478
Accruals
and deferred income		 34,691 31,428
408,450 2,329,775
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/21 31/3/20
Bank loans (see note 15and 16) 1,760,000 1,260,000
Accruals
and deferred income		 1,040,055 1,063,483
~2800 055 ~2323 483
15. LOANS
An analysis ofthe maturity ofloans is given below:
31/3/21 31/3/20
K
Amounts
falling due within one year on demand:
Bank overdraAs 321516
Amounts
falling due between		 two and five years:
Bank loans - 2-5 years ~1760000 I260,000

31/3/21 31/3/20
Bank loans 1,760,000 1,260,000

MOVEMENT IN FUNDS
Net
movement At
At I/4/20 in funds 31/3/21
Unrestricted funds
General fund 27,166,375 1,824,753 28,991,128
TOTAL FUNDS 27166375 1824753 28991128
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 2,107,049 (282,296) 1,824,753
TOTAL FUNDS 2N7549 ~282296 1674753

Net
movement At
At 1/4/19 in funds 31/3/20
Unrestricted funds
General fund 6,390,736 20,775,639 27,166,375
TOTAL FUNDS 6,390,736 20,775,639 27,166,375

Incoming Resources Movement
resources
f		 expended in funds
f
Unrestricted funds
General fund 20,286,072 489,567 20,775,639
TOTAL FUNDS 20,286,072 489,567 20,775,639
A current year 12months and prior year 12months combined position
is as follows;
Net
movement At
At 1/4/19 in funds 31/3/21
f f
Unrestricted funds
General fund 6,390,736 22,600,392 28,991,128
TOTAL FUNDS 6,390.336 22.600.392 28991.128
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 22,393,121 (207,271) 22,600,392
TOTAL FUNDS 22,393,121 ~207,271) ~22,600392

31/3/21 31/3/20
INCOME AND ENDOWMENTS
Donations
and		 legacies
Donations 1,329,966 16,515,147
Investment
income
Rents received 23,428
(Loss)/Profit
on		 investment disposal (319,514) 2,119,380
Amounts
received on investment		 448,319 1,460,171
Interest receivable 624 8513 191374
777,003 3.770 925
Total incoming resources 2,107,049 20,286,072
EXPENDITURE
Support costs
Management
Rates and water 3,537
Insurance 494 12,905
Telephone 217
Sundries 619
Consultancy 4,320 1,111
Bad debts (567)
IT and website costs 2,287 1,871
Gifts and donations 54,600 6,205
Subscriptions 45
Travelling 724
Property
expenses		 26,694
Improvements to property 16,057
Fixtures and fittings 1605
110,660 22,144
Finance
Bank charges 2,348 435
Bank interest 19,691
Bank loan interest 62,360 59,072
Loan
Exceptional items		 110 3,981
~86.303
84,509 (22,615)
Human
resources
Wages 6,128 6,128

31/3/21 31/3/20
Human
resources
Other
Foreign exchange (gains)/losse 35,445 (506,987)
Governance costs
Accountancy and legal fees 24,500 11,600
Legal fees 21,054 163
45554 11763
Total resources expended 2132296 ~489,567}
Net income 1,824,753 20,775,639