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|`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`|
|<br>`Bankers`|`Natwest`|
||`LondonBridge`|
||`POBox35`|
||`10SouthwarkStreet`|
||`London`|
||`SE11TJ`|
|<br>`IndependentAuditor`|`HainesWattsHighWycombeLimited`|
||`OakinghamHouse`|
||`FrederickPlace`|
||`HighWycombe`|
||`Buckinghamshire`|
||`HPa2aJU`|








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||||`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`<br>`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`|<br>`734,276`||`-`|<br>`(12,881)`|||`-`||<br>`721,395`|
|||`TotalRestrictedFunds`|<br>`734,276`||`-`|<br>`(12,881)`|||`-`||<br>`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`|<br>`750,377`||`-`|<br>`(16,101)`||||`-`|<br>`734,276`|
|||`TotalRestrictedFunds`|<br>`750,377`||`-`|<br>`(16,101)`||||`-`|<br>`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`|