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2021-08-31-accounts
CONTENTS |
Page |
Referenceandadministrativeinformation |
1 |
Trustees’report |
2-4 |
IndependentAuditor'sReport |
5-7 |
Statementoffinancialactivities |
8 |
Balancesheet |
9 |
StatementofCashFlows |
10 |
Notestothefinancialstatements |
41-18 |
OLIVETASSEMBLY |
|
(Acompanylimitedbyguarantee) |
|
REFERENCEANDADMINISTRATIVEINFORMATION |
|
FORTHEYEARENDED31AUGUST2021 |
|
TrusteesandDirectors |
YounghoBae |
|
MariaJaneckova |
|
JaewonKim |
Manager |
DrAndrewClark |
CharityRegistrationNumber |
1163688 |
CompanyRegistrationNumber |
09571506 |
PrincipalAddressandRegisteredOffice |
PilgrimHall |
|
LewesRoad |
|
Uckfield |
|
EastSussex |
|
TN225RE |
Bankers |
Natwest |
|
LondonBridge |
|
POBox35 |
|
10SouthwarkStreet |
|
London |
|
SE11TJ |
IndependentAuditor |
HainesWattsHighWycombeLimited |
|
OakinghamHouse |
|
FrederickPlace |
|
HighWycombe |
|
Buckinghamshire |
|
HPa2aJU |
|
|
|
32.August |
2021 |
32August |
2020 |
|
|
Notes |
£ |
£ |
£ |
£ |
|
FixedAssets |
|
|
|
|
|
|
TangibleFixedAssets |
6 |
|
2,558,662 |
|
2,548,200 |
|
Investmentinsubsidiaryundertaking |
7 |
|
719,212 |
|
719,242 |
|
|
|
|
3,277,874 |
|
3,267,412 |
|
Current Assets |
|
|
|
|
|
|
Debtors |
8 |
42,125 |
|
52,439 |
|
: |
Cashatbankandinhand |
|
210,307 |
|
82,847 |
|
: |
|
|
252,432 |
|
135,286 |
|
|
Currentliabilities |
|
|
|
|
|
|
Creditors:amountsfallingdue |
|
|
|
|
|
|
withinoneyear |
9 |
(92,634) |
|
(104,812) |
|
|
NetCurrentAssets/(Liabilities) |
|
|
159,798 |
|
30,474 |
|
Totalassetslesscurrentliabilities |
|
|
3,437,672 |
|
3,297,886 |
|
Creditors:amountsfallingdue |
|
|
|
|
|
|
Aftermorethanoneyear |
10 |
|
(4,057,036) |
|
(1,109,306) |
|
TotalNet Assets |
|
|
2,380,636 |
|
2,188,580 |
|
Funds: |
|
|
|
|
|
|
Restrictedfunds |
12 |
|
721,395 |
|
734,276 |
|
Unrestrictedfunds |
12 |
|
1,659,241 |
|
1,454,304 |
|
TOTALFUNDS |
|
|
2,380,636 |
|
2,188,580 |
|
OLIVET |
ASSEMBLY |
|
|
|
|
|
|
|
|
|
|
(Acompanylimitedbyguarantee) |
|
|
|
|
|
|
|
|
|
|
|
NOTES |
TOTHEFINANCIALSTATEMENTS(continued) |
|
|
|
|
|
|
|
|
|
|
FORTHEYEARENDED31AUGUST |
|
2021 |
|
|
|
|
|
|
|
|
|
10. |
CREDITORS:amountsfallingdue |
|
|
|
|
2021 |
|
|
|
2020 |
|
|
Aftermorethanoneyear |
|
|
|
|
|
£ |
|
|
£ |
|
|
Bankloan |
|
|
|
|
1,057,036 |
|
|
|
1,109,306 |
|
|
Asecuredbankloanof£1,250,000wastakeninNovember |
|
|
2018.Theloanbearsaninterest |
|
|
|
rate |
|
of2.49%above |
|
|
BankofEnglandbaserates |
and
isrepayablein |
20years.Thebalanceoutstandingat |
|
|
|
31 |
|
August2021was |
|
|
|
£1,137,731(2020:£4,194,204). |
|
|
|
|
|
|
|
|
|
|
12. |
ANALYSISOFMOVEMENT |
INFUNDS |
|
|
|
|
|
|
|
|
|
|
|
Balance |
|
|
|
|
|
|
|
Balance |
| |
|
|
1September |
Income |
|
Expenditure |
Transfers |
|
|
|
31August |
|
|
|
2020 |
|
|
|
|
|
|
|
2021 |
|
|
|
£ |
£ |
|
£ |
£ |
|
|
|
£ |
|
|
Restrictedfunds: |
|
|
|
|
|
|
|
|
|
|
|
PilgrimHallFund |
734,276 |
|
- |
(12,881) |
|
|
- |
|
721,395 |
|
|
TotalRestrictedFunds |
734,276 |
|
- |
(12,881) |
|
|
- |
|
721,395 |
|
|
Unrestrictedfunds: |
|
|
|
|
|
|
|
|
|
|
|
GeneralFund |
1,454,304 |
789,002 |
|
(584,064) |
|
|
- |
|
1,659,241 |
|
|
TotalFunds |
2,188,580 |
789,001 |
|
(595,945) |
|
|
- |
|
2,380,636 |
|
|
PilgrimHallFundrepresents |
amountsdonated |
tothecharity |
|
towardsthepurchaseofa property— PilgrimHall. |
|
|
|
|
|
|
|
Thedepreciationchargeon |
thepropertyforthe |
yearhasbeenallocatedtothisfund. |
|
|
|
|
|
|
|
|
|
2020COMPARATIVES |
Balance |
|
|
|
|
|
|
|
Balance |
|
|
|
1September |
Income |
|
Expenditure |
Transfers |
|
|
|
31August |
|
|
|
2019 |
|
|
|
|
|
|
|
2020 |
|
|
|
£ |
£ |
|
£ |
£ |
|
|
|
£ |
|
|
Restrictedfunds: |
|
|
|
|
|
|
|
|
|
|
|
PilgrimHallFund |
750,377 |
|
- |
(16,101) |
|
|
|
- |
734,276 |
|
|
TotalRestrictedFunds |
750,377 |
|
- |
(16,101) |
|
|
|
- |
734,286 |
|
|
Unrestrictedfunds: |
|
|
|
|
|
|
|
|
|
|
|
GeneralFund |
576,276 |
1,646,833 |
|
(768,805) |
|
|
|
- |
1,454,304 |
|
|
TotalFunds |
1,326,653 |
1,646,833 |
|
(784,906) |
|
|
|
- |
2,188,580 |