2020-08-31-accounts

		Page
Trustees' report		1-6
Statement of trustees'	responsibilities
Independent auditor's	report	e-to
Statement offinanctal	adivities
Balance sheet		12
Statement ofcash flows		13
Notes to the financia	statements	14-23

			Unrestricted	Restricted	Tots I	Unrestricted	Restricted	Total
			funds	funds		fiunds	fiunds
			2020	2020	2020	2019	2019	2019
		Notes	6	6	6	6		6
Income fram:
Donations and legacies		2	172,886	2,091,928	2,264,814		5,067,623	5,067,623
Charitable activities		3	2.000		2.000
Total Income			174,886	2,091,928	2,266,814		5,067,623	5,067,623
Raising funds		4	66,571		66,571	28,559		28,559
Charitable activities		5	401,742		401,742	188,858		188,858
Total resources
expended			468,313		468,313	217,417		217,417
Net (expenditure)0ncome
for the year(
Net movement	in funds		(293.427)	2,091.928	1,798,501	(217,417)	5.067,623	4.850,206
Fund balances	at 1
September 2019			(497,867)	5,067,623	4,569,756	(280,450)		(280,450)
Fund balances	at 31
August 2020			(791,294)	7,159,551	6,368,257	(497,867)	5,067,623	4,569,756

					2020	2019
				Notes
Fixed assets
Intangible assets					28,392
Tangible assets					9,182,441	5,3D7,412
					9,210,833	5.307,412
Current assets
Debtors					94,625	1.020,185
Cash at bank and		in	hand			323,392
					94,625	1,343,577
Creditors:	amounts		falling due within
one year				13	(654,951)	(665,977)
Net current	(liabilities)/assets				(560,326)	677,600
Total assets less		current Ilabgities			8,650,507	5,985,012
Creditors:	amounts		falling due after
more than	one year			14	(2,282,25D)	(1,415,256)
Net assets					6,368,257	4,569,756
Income funds
Restricted	funds				7,159,551	5,067,623
Unrestricted	funds				(791,294)	(497,867)
					6,368,257	4,569,756

				2020	2019
			Notes
Cash flows from operating		activities
Cash generated from operations			18	2,387,543	4,262,129
Investing activities
Purchase of intangible assets				(28,392)
Purchase oftangible fixed	assets			(3,875,029)	(5,307,412)
Net cash used in investing		activities		(3,903,421)	(5,307,412)
Financing activities
Proceeds from borrowings				300,000
Repayment of borrowings				(5,000)	(63,622)
Proceeds of new bank loans				698,759	1,355,876
Net cash generated from financing
activities				993,759	1,292,254
Net (decrease)/increase	in	cash and cash
equivalents				(522,119)	246,971
Cash and cash equivalents		at beginning	ofyear	323,392	76,421
Cash and cash equivalents		at end of	year	(198,727)	323,392
Relating to:
Cash at bank and In hand					323,392
Bank overdrefts included	in	creditors
payable within one year				(198,727)

		Unrestricted	Restricted	Total	Restricted
		funds	funds		funds
		2020	2020	2020	2019
		8	8	8	8
Donations and	gifts	12888		12,888
Local Authority	Grants		2.091,928	2.091,928	5.067,623
Donated goads	and services	159,998		159,998
		172,886	2,091,928	2,264,814	5,067,623

2020	2019
g	g
2,000

					Unrestricted	Unrestricted
					funds	funds
					2020	2019
					6	6
Other	fun	drai	sing	costs	66,571	28,559
					66,571	28,559

				2020	2019
Share	of	support costs (see note 6)		394,542	181,659
Share	of	governance	costs (see note 6)	7,200	7,199
				401,742	188,858

Support costs
	Support	Governance	2020	Support	Governance	2019
	costs	costs		costs	costs
		6		6	6
Rent and rates	38,439		38,439	76,806		76,806
Legal and professional
fees	38,039		38,039	34,367		34,367
Bank charges	6,585		6,585	22,688		22,688
Loan interest	83.353		83,353	21,641		21,641
Insurance	29,640		29,640	12,905		12,905
Consultancy fees	22,426		22,426	7,468		7,468
Hest, light and power	62,386		62,386	3,617		3,617
Site security and
maintenance	110,909		110,909			1,956
Printing, postage and
telephone	1,763		1,763	168		168
Other expenses	1,002		1,002	43		43
Audit fees		7.200	7,200		7,199	7,199
	394,542	7,200	401,742	181,659	7,199	188,858
Analysed between
Charitable activities	394,542	7,200	401,742	181,659	7,199	188,858

8	Intangible fixed assets	Intangible fixed assets
	Cost
	At 1 September 2019
	Additions -internally	developed	28,392
	At 31 August 2020		28,392
	Amortlsatlon and	Impairment
	At 1 September 2019and 31August 2020
	Carrying amount
	At 31 August 2020		28,392
	At 31 August 2019

9	Tangible	fixed a	ssets
				Leasehold	Leasehold	Pictures	end	Sound
				lend end improvements		attinas		Eq sip ment
				buadlnas
				8	8
	Cost
	At 1 September 2019			3,681,848	1,625,564				5,3D7,412
	Additions				3,693,760	156,390		24,879	3,875,029
	At 31 August 2020			3,681,848	5,319,324	156,39D		24,879	9,182,441
	Carrying	amount
	At 31 August 2020			3,681,848	5,319,324	156,390		24,879	9,182,441
	At 31 August 2019			3.681,848	1.625,564				5.307,412
10	Financial	instruments						2020	2019
								6	6
	Carrying	amount	of financial	liabilities
	Measured	at fair	value through	profit or loss
	- Non-derivatives		that are not	part of a trading porffolio				2.689,740	1.492,254

11	Debtors
					2020	2019
	Amounts	falling due within one year:
	Other debtors					955,780
	Prepaymsnts		and	accrued income	94,625	54,405
					94,625	1.020,185
12	Loans and overdrafts
					2020	2019
	Bank overdrafts				198,727
	Bank loans				1,991,D13	1,292,254
	Directors'	loans				5,00D
	Otherloans				500,000	200,000
					2,689,74D	1,497,254
	Payable	within	ane year		407,49D	81,998
	Payable	after	one	year	2,282,25D	1,415,256
	Amounts	induded		above which fall due after five years:
	Payable	by instalments			1,530,903	651,937

Creditors: amounts	falling dve within one year
			2020	2019
		Notes
Bank loans and overdrafts		12	284,875	41,998
Other borrowings			122,615	40,DDD
Trade creditors			84,395	4,655
Accruals and deferred	income		163,066	579,324
			654,951	665,977
Creditors: amounts	falling due after more than one year
			2020	2019
		Notes	6	6
Bank loans		12	1,904,865	1,250,256
Other borrowings			377,385	165,000
			2,282,25D	1,415,256

15	Analysis ofnet assets	Analysis ofnet assets	between funds
			Unrestricted	Restricted	Total Unrestricted		Restricted	Total
			funds	funds		funds	funds
			2020	2020	2020	2019	2019	2019
			8	8	8	8	8	8
	Fund balances at 31
	August 2020are
	represented	by:
	Intangible	fixed assets	28,392		28,392
	Tangible assets		2,022,890	7,159,551	9,182,441		5,307,412	5,307,412
	Current assets/
	(fiablllfiies)		(560,326)		(560,326)	(288,18D)	965,78D	677,60D
	Long term	liabilities	(2,282,250)		(2,282,250)	(209,687)	(1,205,569)	(1,415,256)
			(791,294)	7,159,551	6,368,257	(497,867)	5,067,623	4,569,756

	Plaza building. T	he an	he an	nual charge amounts t	o 266,000.
18	Cash generated	from		operations			202D	2019
							6	6
	Surplus forthe year						1,798,501	4,850,206
	Movements in working			capital:
	Decrease/(increase)		in	debtors			925,560	(1,005,D21)
	(Decrease)/increase		in	creditors			(336,518)	416,944
	Cash generated	from		operations			2,387,543	4,262,129
19	Analysis ofchanges			in net (debt)/funds
					At 1Ssptsrshsr	Cash nowsAcqulsltloss snd		At St August
					Zglg		drspossrs	2sso
					8	8	8	8
	Cash at bank and	in	hand		323,392	(323,392)
	Bank averdrahs					(198,727)		(198,727)
					323,392	(522,119)		(198,727)
	Loans falling due	within		one year	(81,998)	173,235	(300,00D)	(208,763)
	Loans falling due	after		more than one year	(1,415,256)	(866,994)		(2,282,25D)
					(1,173,862)	(1,215,878)	(300,000)	(2,689,740)