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|`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`|<br>`£`||`£`|`£`|`£`|
|`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`|||<br>`Cash`|`Othernon-cash`||`At31August`|
||||`2021`|<br>`flows`|`changes`||`2022`|
||||`£`|<br>`£`|`£`||`£`|
|`Cash`||`210,307`||<br>`(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)`|
|||<br> <br>`1,675,422`|<br> <br> <br> <br>`708,514`|<br> <br> <br> <br>`2,383,936`|<br> <br> <br> <br>`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`|<br>`(1,057,036)`|<br>`-`|<br>`(1,057,036)`||
|||<br>`1,659,241`|<br>`721,395`|<br>`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`|||<br>`181,872`|<br>`272,808`|
|||||<br> <br> <br>`636,552`|<br>`727,488`<br> <br>|
|`14.`|`OPERATINGLEASE- LESSOR`|||||
||`At theyearend,thecharityhadthefollowingminimumfuture`||`operatinglease`|`obligationsowed`|`toit:`|
|||||`2022`|`2021`|
|||||`£`|`£`|
||`Leaseswhichexpire:`|||`Premises`|`Premises`|
||`Withinoneyear`|||`28,854`|`28,851`|
||`Withintwotofiveyears`|||`33,662`<br>|`62,512`<br>|
|||||<br>`62,512`<br> <br>|<br>`91,363`<br> <br>|