| A.nnual report and financial statements | A.nnual report and financial statements | for the year ended 31December 2020 |
|---|---|---|
| Contents | Page | |
| General information | ||
| Annual report | ||
| Statement ofthe responsibilities | ofthe trustees | |
| Independent examiner's report |
||
| Balance sheet | ||
| Statement offinancial activities | ||
| Cashflow statement | ||
| Notes to the financial statements |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Note | 8 | |||||
| Fixed assets | ||||||
| Tangible | assets | 682 629 | 544 282 | |||
| Investments | —social | investments | 600,000 | |||
| Current | assets | |||||
| Cash at bank | 37,958 | 68,497 | ||||
| Debtors | 1,100 | |||||
| Creditors | —amounts | falling due within one year | (33,429) | (6,899) | ||
| Net current | assets | 4,529 | 62,698 | |||
| Total assets | less current liabilities | 1,287,159 | 606,980 | |||
| Creditors | —amounts | falling due atter one year | (235,836) | (363,224) | ||
| Total net | assets | 1,051,323 | 243,756 | |||
| Funds | ||||||
| Restricted | 10 | 1,051,323 | 243,756 |
| For the year ended 31December 20 | 20 | ||||
|---|---|---|---|---|---|
| Un- | Total | Total | |||
| restricted | Restricted | 2020 | 2019 | ||
| Note | K | ||||
| Income | |||||
| Donations and legacies |
2a | 249,062 | 249,062 | 109,727 | |
| Other Trading Activities | 2b | 17,540 | 17,540 | ||
| 266,602 | 266,602 | 109,727 | |||
| Total income | |||||
| Resources used | |||||
| Charitable activities |
3a | (6,810) | (6,810) | (574) | |
| Interest payable | 3G | (15,741) | (15,741) | (8,373) | |
| Management and Administration |
3b | (9,274) | (9,274) | ||
| Depreciation | 3d | (3,051) | (3,051) | ||
| Total resources used | (34,876) | (34.876) | (8,947) | ||
| Net incoming resources before net gains on | 231,726 | 231,726 | 100,780 | ||
| investments | |||||
| Net gains on investments | 4,5 | 575,842 | 575,842 | ||
| Net income for the year | 807,568 | 807,568 | 100,780 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | K | |||||||
| Cash flows from operating | activities | |||||||
| Net cash provided by |
(used | in) operating | activities | 253,658 | 108,053 | |||
| Cash flows from investing | activities | |||||||
| Building works | (137,467) | (502,948) | ||||||
| Cash flows from financing | activities | |||||||
| Receipt /(repayment) | ofloans | advanced | (130,988) | 360,137 | ||||
| Bank interest paid | (15,741) | (8,373) | ||||||
| Change in cash in the year | (30,538) | (43,131) | ||||||
| Cash at I January | 68,497 | 111,628 | ||||||
| Cash at 31December | 37,958 | 68,497 | ||||||
| Note a: | ||||||||
| Reconciliation ofnet | movement | in funds to net cash flow | ||||||
| froru operating activities |
||||||||
| Net movement in funds |
231,726 | 100,780 | ||||||
| Adjustments for: |
||||||||
| Bank interest paid | 15,741 | 8,373 | ||||||
| Decrease/(increase) in debtors |
1,100 | (1,100) | ||||||
| Increase in creditors | 2,040 | |||||||
| Depreciation | 3,051 | |||||||
| 253,658 | 108,053 |
| amount atter any trade discounts or amount advanced other consideration expected to be received. 2. Income |
by the charity. Subseq |
uently, they are |
measured |
at the cash or |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | funds | |
| Funds | Funds | 2020 | 2019 | |
| 2a Donations and legacies |
||||
| Donation from the PCC ofStMichael's with | ||||
| St Stephen's Church (Wandsworth) |
45,000 | 45,000 | 30,000 | |
| Donations and legacies (non Gift Aid) |
200,100 | 200,100 | 10,080 | |
| Donations (Gilt Aid) | 35,050 | |||
| Tax recoverable on donations |
1 | 1 | 8,762 | |
| CAP &GAYE donations | 1,461 | 1,461 | 835 | |
| Grants | 2,500 | 2,500 | 25,000 | |
| 249,062 | 249,062 | 109,727 | ||
| 2b Trading activities |
||||
| Rental income - apartments | 17,000 | 17,000 | ||
| Rental income - hall | 540 | 540 | ||
| 17,540 | 17,540 | |||
| Total incoming resources | 266,602 | 266,602 | 109,727 |
| 3. Resource |
s | used | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | ||||
| Funds | Funds | 2020 | 2019 | |||
| 3a.Charitable | activities | g | ||||
| Bank charges | 66 | 66 | 60 | |||
| Utilities and insurance | 6,744 | 6,744 | 514 | |||
| 6,810 | 6,810 | 574 | ||||
| 3b.Management | and administration | |||||
| Re-charged staff costs | 9,000 | 9,000 | ||||
| Accountancy fees |
274 | 274 | ||||
| 9,274 | 9,274 | |||||
| 3c.Loan interest | paid | 15,741 | 15,741 | 8,373 | ||
| 3d.Depreciation | 3,051 | 3,051 | ||||
| Total resources | used | 34,876 | 34,876 | 8,947 |
| 4. Tangible assets |
|||||
|---|---|---|---|---|---|
| Assets under | Land and | Fixtures and | Total | ||
| construction | buildings | fittings | |||
| Cost/valuation | |||||
| At 1 January 2020 | 544,282 | 544,282 | |||
| Additions | 165,556 | 165,556 | |||
| Revaluation Transfers out ofassets under construction/into |
(709,838) | 243,106 401,894 |
40,680 | 243,106 (267,264) |
|
| land and buildings/fixtures | and fittings | ||||
| At 31December 2020 | 645,000 | 40,680 | 685,680 | ||
| Depreciation | |||||
| At 1 January 2020 | |||||
| Charge | (3,051) | (3,051) | |||
| At 31December 2020 | (3,051) | (3,051) | |||
| Net book value | |||||
| At 31December 2019 | 544,282 | 544,282 | |||
| At 31December 2020 | 645,000 | 37,629 | 682,629 |
| 2020 | 2019 | ||
|---|---|---|---|
| K | |||
| Tax refunds | due | 25C | |
| Other debtors | 85C | ||
| 1,10C |
| 8. Creditors: amounts falling due within one year |
||
|---|---|---|
| 2020 | 2019 | |
| E | ||
| Bank loan Tenants' deposits |
3,300 2,000 |
6,899 |
| Other creditors | 28,129 | |
| 33,429 | 6,899 |
| 2020 | 2019 | ||
|---|---|---|---|
| Bank | loan | 235,836 | 363,224 |
| Construction | ofBrathway | |
|---|---|---|
| Hall fund | ||
| Opening balance | 243,755 | |
| Income | 266,602 | |
| Expenses Revaluation ofinvestments |
(34,876) 575,842 |
|
| At 31December 2020 | 1,051,323 |