#
#
##
##
##
|||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)|