| Annual report | and ilnancial statements | and ilnancial statements | for the year ended 31December 2021 |
|---|---|---|---|
| Contents | Page | ||
| General information | |||
| Annual report | |||
| Statement ofthe responsibililies | ofthe trustees | ||
| Independent examiner's report |
|||
| Balance sheet | |||
| Statement ofrnancial | activities | ||
| Cashflow statement | |||
| Notes to the financial | statements |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | 8 | 8 | ||||
| Fixed assets | ||||||
| Tangible | assets | 679,578 | 682,629 | |||
| Investments | —social | investments | 600,000 | 600,000 | ||
| Current | assets | |||||
| Cash at bank | 26,963 | 37,958 | ||||
| Debtors | 6,808 | |||||
| Creditors | —amounts | falling due within one year | (6,147) | (33,429) | ||
| Net current | assets | 27,624 | 4,529 | |||
| Total assets | less current liabilities | 1,307,202 | 1,287,159 | |||
| Creditors | —amounts | falling due after one year | (72,984) | (235,836) | ||
| Total net | assets | 1,234,218 | 1,051,323 | |||
| Funds | ||||||
| Restricted | 10 | 1,234,218 | 1,051,323 |
| For the year ended 31December 20 | 21 | ||||
|---|---|---|---|---|---|
| Un- | Total | Total | |||
| restricted | Restricted | 2021 | 2020 | ||
| Note | f, | ||||
| Income | |||||
| Donations and legacies |
2a | 188,500 | 188,500 | 249,062 | |
| Other trading activities |
2b | 25,525 | 25,525 | 17,540 | |
| Total income | 214,025 | 214,025 | 266,602 | ||
| Resources used | |||||
| Charitable activities |
3a | (7,365) | (7,365) | (6,810) | |
| Interest payable | 3G | (5,897) | (5,897) | (15,741) | |
| Management and adtninisttation |
3b | (9,386) | (9,386) | (9,274) | |
| Depreciation | 3d | (3,051) | (3,051) | (3,051) | |
| Total resources used | (25,699) | (25,699) | (34,876) | ||
| Net incoming resources before net gains on | 188,326 | 188,326 | 231,726 | ||
| investments | |||||
| Net gains on investments | 575,842 | ||||
| Net income for the year | 188,326 | 188,326 | 807,568 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | K | |||||
| Cash flows from operating | activities | |||||
| Net cash provided by (used | in) operating | activities | 165,541 | 253,658 | ||
| Cash flows from investing | aclivities | |||||
| Building works | (5,430) | (137,467) | ||||
| Cash flows from financing | activities | |||||
| Receipt /(repayment) ofloans advanced |
(165,208) | (130,988) | ||||
| Bank interest paid | (5,897) | (15,741) | ||||
| Change in cash in the year | (10,995) | (30,538) | ||||
| Cash at 1January | 37,958 | 68,497 | ||||
| Cash at 31December | 26,963 | 37,958 | ||||
| Note a: | ||||||
| Reconciliation ofnet movement |
in funds to net cash flow | |||||
| from operating activities |
||||||
| Net moveraent in funds |
188,326 | 231,726 | ||||
| Adjustments for: |
||||||
| Bank interest paid | 5,897 | 15,741 | ||||
| Decrease/(increase) in debtors |
(6,808) | 1,100 | ||||
| (Decrease)/iucrease in creditors |
(24,925) | 2,040 | ||||
| Depreciation | 3,051 | 3,051 | ||||
| 165,541 | 253,658 |
| amount after any trade discounts or amount advanced other consideration expected to be received. 2. Income |
by the charity. Subseq |
uently, they are |
tneasured atthe c |
ash or |
|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | ||
| Funds | Funds | 2021 | 2020 | |
| 8 | 8 | |||
| 2a Donations and legacies |
||||
| Donation &om the PCCofSt Michael's with | ||||
| StStephen's Church (Wandsworth) |
22,500 | 22,500 | 45,000 | |
| Donations and legacies (non Gift Aid) |
126,000 | 126,000 | 200,100 | |
| Donations (Gift Aid) | 20,000 | 20,000 | ||
| Tax recoverable on donations |
5,000 | 5,000 | 1 | |
| CAF &GAYE donations | 15,000 | 15,000 | 1,461 | |
| Grants | 2,500 | |||
| 188,500 | 188,500 | 249,062 | ||
| 2b Trading activities | ||||
| Rental income - apartments | 24,000 | 24,000 | 17,000 | |
| Rental income - hall | 1,525 | 1,525 | 540 | |
| 25,525 | 25,525 | 17,540 | ||
| Total incoming resources |
214,025 | 214,025 | 266,602 |
| 3. Resources |
used | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | |||
| Funds | Funds | 2021 | 2020 | ||
| K | 8 | ||||
| 3a.Charitable activities |
|||||
| Bank charges | 102 | 102 | 66 | ||
| Utilities and insurance | 7,263 | 7,263 | 6,744 | ||
| 7,365 | 7,365 | 6,810 | |||
| 3b.Management | and administration | ||||
| Re-charged staff costs | 9,000 | 9,000 | 9,000 | ||
| Accountancy fees |
386 | 386 | 274 | ||
| 9,386 | 9,386 | 9,274 | |||
| 3c,Loan interest | paid | 5,897 | 5,897 | 15,741 | |
| 3d.Depreciation | 3,051 | 3,051 | 3,051 | ||
| Total resources used | 25,699 | 25,699 | 34,876 |
| 4. Tangible assets |
|||
|---|---|---|---|
| Land and | Fixtures and | Total | |
| buildings | fittings | ||
| Cost/valuation | |||
| At 1 January 2021 | 645,000 | 40,680 | 685,680 |
| Additions | 5,430 | 5,430 | |
| Revaluation | (5,430) | (5,430) | |
| At 31December 2021 | 645,000 | 40,680 | 685,680 |
| Depreciation | |||
| At 1 January 2021 | (3,051) | (3,05 1) | |
| Charge | (3,05 1) | (3,05 1) | |
| At 31December 2021 | (6,)02) | (6,1D)) | |
| Net book value | |||
| At 31 December 2020 | 645,000 | 37,629 | 682,629 |
| At 31December 2021 | 645)000 | 34)578 | 679)578 |
| 5. Fixed assets —social investment |
|
|---|---|
| Total | |
| Cost/valuation | |
| At 1 January 2021 | 600,000 |
| Revaluation | |
| At 31December 2021 | 600,000 |
| 2021 | 2020 | ||
|---|---|---|---|
| Tsxrefunds | due | 1,250 | |
| Other debtors | 5,558 | ||
| 6,808 |
| 8. Creditors: amounts falling due within one year |
||
|---|---|---|
| 2021 | 2020 | |
| Bank loan | 943 | 3,300 |
| Tenants' deposits |
2,000 | 2,000 |
| Other creditors | 3,204 | 28,129 |
| 6,147 | 33,429 |
| 9. | Creditors: amounts falling due after one ye |
ar | |
|---|---|---|---|
| 2021 | 2020 | ||
| 8 | |||
| Bank | loan | 72,984 | 235,836 |
| Construction and |
|||
|---|---|---|---|
| operation ofBrathway | |||
| Hall fund | |||
| Opening | balance | 1,051,323 | |
| Income | 214,025 | ||
| Expenses | (25,699) | ||
| Revaluation | ofinvestments | (5,430) | |
| At 31 December 2021 | 1,234,217 |