2022-08-31-accounts

CONTENTS	Page
Referenceandadministrativeinformation	1
Trustees’report	2-4
IndependentAuditor'sReport	5-7
Statementoffinancialactivities	8
Balancesheet	9
StatementofCashFlows	10
Notestothefinancialstatements	11-18

			31August2022	31August2022	31August	2021
	Notes	£		£	£	£
FixedAssets
TangibleFixedAssets			2,541,854			2,558,662
Investmentinsubsidiaryundertaking				719,212		719,212
			3,261,063			3,277,874
CurrentAssets
Debtors		66,042			42,125
Cashatbankandinhand		181,444			210,307
		247,456			252,432
Currentliabilities
Creditors:amountsfallingdue
withinoneyear		(126,116)			(92,634)
NetCurrentAssets/(Liabilities)				121,340		159,798
Totalassetslesscurrentliabilities			3,382,403			3,437,672
Creditors:amountsfallingdue
Aftermorethanoneyear	10			(998,467)		(1,057,036)
TotalNetAssets			2,383,936			2,380,636
Funds:
Restrictedfunds	12			708,514,		721,395
Unrestrictedfunds	12		1,675,422			4,659,241
TOTALFUNDS			2,383,936			2,380,636
Thefinancialstatementswereapprovedbytheboardanauthorisedforissue				onagthMay	2023andsigned	onitsbehalf
by:
JaewonKim
Director/Trustee
Theaccompanyingnotesformanintegralpartofthese		financial	statements.

OLIVETASSEMBLY
(Acompanylimitedbyguarantee)
STATEMENTOFCASHFLOWS
FORTHEYEARENDED32AUGUST2022
					31August		31August
					2022		2021
					£		£
Cashprovidedbyoperatingactivities					31,315		215,557
Cashflowsfrominvestingactivities
Purchaseoftangiblefixedassets					(5,800)		(31,624)
Cashusedininvestingactivities					(5,800)		(31,624)
Cashflowsfromfinancingactivities
Repaymentofborrowing					(54,378)		(56,473)
Cashusedinfinancingactivities					(54,378)		(56,473)
(Decrease)/increaseincashandcashequivalentsintheyear					(28,863)		127,460
Cashandcashequivalentsatthebeginningoftheyear					210,307		82,847
Totalcashandcashequivalentsatyearend					181,444		210,307
AnalysisofCashandCashEquivalents					2022		2024
					£		£
Cashatbankandinhand					181,444		210,307
Analysisofchangesinnetfunds	At1 September			Cash	Othernon-cash		At31August
			2021	flows	changes		2022
			£	£	£		£
Cash		210,307		(28,863)		-	181,444
Reconciliationofnetmovementinfundstonetcash		inflow	from	OperatingActivities
					2022		2021
					£		£
Netmovementinfunds					3,300		192,056
Addbackdepreciation					22,611		21,162
(Increase)/decreaseindebtors					(23,887)		10,314
Increase/(decrease)increditors					29,291		(7,975)
Netcashprovidedby/(usedin)operatingactivities					32,315		215,557

OLIVET	ASSEMBLY
(Acompanylimitedbyguarantee)
NOTES	TOTHEFINANCIALSTATEMENTS(continued)
FORTHEYEARENDED31AUGUST2022
12.	ALLOCATIONOFNETASSETSBETWEENFUNDS
		Unrestricted	Restricted	2022	2021
		£	£	£	£
	Tangiblefixedassets	1,833,337	708,514	2,541,851	2,558,662
	Investmentinsubsidiary	719,212	-	719,212	719,212
	Currentassets	247,456	-	247,456	252,432
	Currentliabilities	(126,116)	-	(126,116)	(92,634)
	Longtermliabilities	(998,467)	-	(998,467)	(1,057,036)
		1,675,422	708,514	2,383,936	2,380,636
	2021Comparatives
		Unrestricted	Restricted	2021
		£	£	£
	Tangiblefixedassets	1,837,267	721,395	2,558,662
	Investmentinsubsidiary	719,212	-	719,212
	Currentassets	252,432	-	252,432
	Currentliabilities	(92,634)	-	(92,634)
	Longtermliabilities	(1,057,036)	-	(1,057,036)
		1,659,241	721,395	2,380,636
13.	OPERATINGLEASECOMMITMENTS
	At theyearend,thecharityhadthefollowingminimumfuture		operatinglease	commitments:
				2022	2021.
				£	£
	Leaseswhichexpire:			Premises	Premises
	Withinoneyear			90,936	90,936
	Withintwotofiveyears			363,744	363,744
	Overfiveyears			181,872	272,808
				636,552	727,488
14.	OPERATINGLEASE- LESSOR
	At theyearend,thecharityhadthefollowingminimumfuture		operatinglease	obligationsowed	toit:
				2022	2021
				£	£
	Leaseswhichexpire:			Premises	Premises
	Withinoneyear			28,854	28,851
	Withintwotofiveyears			33,662	62,512
				62,512	91,363