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|||||||||202/|Z020*|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Total|
||||||Note|Fund|Fund
f|Funds|Fundsf|
|Income and endowments|from:|||||||||
|Charitable
activities|||||2. 1|68.509||68,509|58,147|
|Investments|||||2.2|40,028|1.843|41 871|44.982|
|||||||108537|1 843|110300|03.129|
|Expenditure
on:||||||||||
|Raising funds|||||3.1|5,887||5,887|6,139|
|Charitable
activities|||||3.—|104773|0040|114813|89481|
|Total expenditure||||||1106611|1011~II|120700|95.6211|
|Net (deficit) / income before net gains on investments||||||(2,123)|(8,197)|(10,320)|7,509|
|Net gains on investments||||||||||
|Realised gain||||||172,665||172,665||
|Unrealised
gains on investments||||||8431||8431|74798|
|||||||181,096||181,096|74,798|
|Net income and Net movement||in Funds||||178,973|(8,197)|170,776|82,307|
|Reconciliation
offunds'.
Funds brought
fonvard
Funds carried forward|||||10|321,517
159.954
5,4»||481.471
52.247|399.164
481 471|
|No operations
0vere acquired or discontinued|||during|the|year.|||||
|*Prioryenr onnlpslsi||||||||||
|||||||Unreslrl cecil|Reslricleil|2020||
|||||||Funil|Fund|Totalfumls||
|||||||f|f|||
|Income and endowments|from:|||||||||
|Charitable
activities||||||58,147||58,147||
|Investments||||||42.830|2
2|44982||
|Total income and endowments||||||100977|2152|103119||
|Expenditure
on:||||||||||
|Raising
funds||||||6,139||6,139||
|Charitable
activities||||||89441|40|89481||
|Total expenditure||||||95,580|40|95,620||
|Operating
surplus||||||5,397|2,112|7,509||
|Net gains
/ (losses) on investments||||||||||
|Unrealised
gains /(losses) on||investments||||74,798||74,798||
|Net income and Net movement||in Funds||||80,195|2,112|82,307||
|Recoaciliation offunds:
Funds brought
forward
Funds carried forward|||||43
7174»9
64
~32l »5995
401471|||||
##
##
||||AT 3)STDECEMB|ER 2|021|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|||2020|
|||||Note|f|||f|f|
|Fixed assets||||||||||
|Investments|||||||172.699||1,291,603|
|Current
assets||||||||||
|Debtors (including
than one year)|f846 916(2020:f715439) due in more|||5|850,969|||724,401||
|Investments||||6|159,078|||158,399||
|Cash at Bank|||||2 493|697||I 195|290|
|To/a/ Current assess|||||3,503.744|||2,078,090||
|Creditors: Amounts||falling due within|one year|7|~369|643||~6450||
|Net current
assets/(liabilities)|||||||134 101||~83.3|
|Tetal assets less current liabilities|||||||1,306,800||1,208,243|
|Creditors: Amounts||falling due after|one year||||(654,553)||(726,772)|
|Total net assets||||10|||652 247||483 473|
|The funds ofthe charity:||||||||||
|Unrestricted
funds|||||||464.154||26,277|
|Revaluation
Reserve||(unrestricted)|||||36,336||295.240|
|Total Unrestricted|Fund||||||500,490||321.517|
|Restricted
income|funds|||10|||151,757||159,954|
|Total funds|||||||652.2l7||481 471|
##
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||||||||202/|2020|
|---|---|---|---|---|---|---|---|---|
|Statement ofcash flows:|||||||Toto/ Funtls|Toto/ Funt/tI|
|||||||Table|f|f|
|Cash flows fram operating
Net cash provided
by (used|activities:
in) operating|activities|||||~37.781|~195 8'9|
|Cash Ilows from investing|activities:||||||||
|Dividends,
interest
and rent|from investments||||||36,867|36,990|
|Proceeds from sale ofinvestments
Purchase ofinvestments|||||||1,300,000
~679|~990|
|Net cash provided
by (used|in) investing|activities|||||1336188|36000|
|Change
in cash and cash equivalents||in the reporting||period|||1,298,407|(59,839)|
|Cash and cash equivalents
at the beginning ofthe reporting|||||period||I 191290|.- 5.1
9|
|Cash and cash equivalents|at the end|ofthe reporting||period||0|936|. 290|
|Table A - Reconciliation
ofnet income /(expenditure)||||to|net cash tlow||||
|from operating
activities:|||||||202If|2020f|
|Net income
/ (expenditure)|for the reporting||period (as per||||||
|the statement offinancial
activities)|||||||170,776|87,307|
|Gains on investments|||||||(181,096)|(74,798)|
|Dividends,
interest
and rent|fiom investments||||||(36,867)|(36,990)|
|(Increase)
in debtors|||||||(126,568)|(56.861)|
|Increase
/ (decrease)
in creditors
Net cash provided
by (used in) operating|||activities||||~37 78|~8t|
|Table B - Analysis ofcash|and cash equivalents:||||||||
|Cash in hand|||||||2,447.808|1,149.561|
|Notice deposits (less than 3|months)||||||43 88|45.729|
|Total cash and cash equivalents|||||||4
7|719|
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||Unrestricted
funds —these are funds which
discretion ofthe directors.|Unrestricted
funds —these are funds which
discretion ofthe directors.|can be used|in accordance|with the|charit|able
objects at|the|
|---|---|---|---|---|---|---|---|---|
|2|INCOME AND ENDOWMENTS|||2021|2021||2021|2020|
||2.1 Income from charitable
activies|||Unrestricted
f|Restricted
f||Totalf|Totalf|
||Management
charges|||32,743|||32,743|32,396|
||Property
management|||14,268|||14,268|14,922|
||Administration
Charges|||11,379|||11,379||
||Interest
fiom loans to churches and trusts|||10,119|||10,119|10,829|
|||||68,509||||4|
||2.2 Income from investments
Investment
properties
Bank and other interest|||38,485
3||' '|38,485
38,275
'*6.
707||
||||||.|4'|4
7|44 98-|
||All investment
income arose|ti.om assets held|in the IIK||||||
|3|EXPENDITURE|||2021|2021||2021|2020|
|||||Unrestricted|Restricted||Total|Total|
|||||f|f|||f|
||3.1 Raising funds||||||||
||Investment
property
expenditure|||5 887||—|5.887||
|||||5 887|||887|6it|
||3.2 Charitable
activities||||||||
||Grant payable
to AGBC(SE)|||58.378|||58,378|47,)91|
||Grant payable
to Downe Baptist Church||||10,000||10,000||
||Interest payable
to churches|and trusts||40,420|||40,420|37,344|
||Oftice and stationety
costs|||16|||16|127|
||Trustee management
charge|||||40|40|40|
||Legal and professional
fees|||12|||12|13|
||Goverance costs|||5,831|||5,831|4,706|
||Bank charges &interest|||116|||116|60|
|||||104 773|.|4|14 813|89481|
##
|4|INVESTMENTS|||||2021f|
|---|---|---|---|---|---|---|
||Investment
Properties||||||
||Market value at 1st Janumy 2021|||||1,291.603|
||Additions||||||
||Unrealised
(losses) Igains
Disposals|||||8,431
~7.335|
||Market value at 31stDecember|2021||||172699|
||Historical cost at 31stDecember 2021|||||2 0363|
||The directors obtained
a professional|valuation ofthe investment||properties|in December 2021.||
||||||202/|2020|
|5|DEBTORS||||||
||Loans (payable after more than one||year)||||
||Loans to churches (4)||||259,916|240,439|
||Loans to trusts (4)||||587 DOD|475|
||||||846916|715.439|
||Other debtors||||||
||Amounts
due from churches||||2,923|4,436|
||Amount
due fiom trusts|||||2,819|
||Sundry
debtors||||||
|||||||8962|
||Total debtors||||050,969|24.401|
|6|CURRENT ASSETINVESTMENTS||||2021|2020|
||||||f|f|
||Counties and Cambridge
bank 95 days' notice||||59,078|58,399|
||Shawbrook
Bank 120 days' notice||||1DOOOD|100000|
||||||159078|158'99|
|7|CREDITORS: amounts
falling due|within|one year||202If|2020f|
||Amounts
due to churches||||1,765,086|1,720,564|
||Amount
due to AGBC(SE)||||354,505|309,055|
||Amounts
due to trusts||||245,822|127,966|
||Other cmditors||||42 0|3,865|
||||||2.369.643|2.161.450|
|8|CREDITORS: amounts
falling due|after more than one year|||202lf|2020f|
||Amounts
due to churches||||654 553|726 772|
|9|RESTRICTED FUNDS|202if|202l|202if|
|---|---|---|---|---|
|||Hayes Lane|Downe|Total|
|||Legacy|Legacy||
||Balance at 1st January 2021|26,295|133,659|159,954|
||Income
Expenditure
Balance at 31stDecember 2021|304
~20
26.579|1,539
~l ~020
125 178|1,843
~10tl4
~175|
||Figures for previous yearfor comparison|2020
f|2020
f||
|||Hayes Lane|Downe||
|||Legacy|Legacy||
||Balance at 1stJanuaiy 2020
Income
Expenditure|25,961
354
~20|131,881
1.798
~20|157.842
2,152
~4|
||Balance at 31stDecember 2020|5|133659|15
54|
|
the directors ofthe company.|||||
|---|---|---|---|---|
|NET ASSETS|Vnreslri cled|Restricted||202I|
|Currenl year|f|||Totalf|
|Investments|177.699|||171L699|
|Net Current assets|982.344|151,757||1,1347101|
|Long term liabilities|~64,553|||(654,553)|
||500.490|151.757||652 247|
|||||2020|
|Figures forprevious yearfor comparison|Vnreslricteri
f|Restri
f|cted|Totalf|
|Investments|1,291,603|||1,291,603|
|Net Current (liabilities) Iassets
Long term liabilities|(243,314)|159,954||(83,360)
~77t|
||321517||.|481471|
##
##
##
|AU|DIT, INDEP|ENDEN|T
EXAMINATIO|N
AND OTHER FINANCI|AL SERVICES FEES||
|---|---|---|---|---|---|---|
|The|company7s|auditors|made the following|charges:|202if|2020f|
|Fee|for audit of|accounts|||3,900|3,840|
|Fee|for other services||||80|66|
||||||3 980|3 906|
##
##
|s capacity||at 31 December|2()21 were:||
|---|---|---|---|---|
|||||f|
|Investments||under management||5,281.005|
|Investment||properties||1,759.170|
|Property|used for charitable||purposes|1,6034065|
|Other net|assets|||(2,985)|
|Loans||||314.719|
|||||8 984 974|
||||f|
|---|---|---|---|
|Investments|under management||495,907|
|Investment|property||624,999|
|Properties|used for charitable|purposes|1,444.773|
|Other net assets|||657.080|
|Loans||||
||||2.876491|
##
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