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|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|||
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||||||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|
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|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|
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||||||||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|
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|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|
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|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|
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|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|
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|||2020|2019|
|---|---|---|---|
|||K||
|Tax refunds|due||25C|
|Other debtors|||85C|
||||1,10C|
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|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|
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|||2020|2019|
|---|---|---|---|
|Bank|loan|235,836|363,224|
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||Construction|ofBrathway|
|---|---|---|
|||Hall fund|
|Opening balance||243,755|
|Income||266,602|
|Expenses
Revaluation ofinvestments||(34,876)
575,842|
|At 31December 2020||1,051,323|
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