|Report ofthe Trustees|1|to|4|
|---|---|---|---|
|Report ofthe Independent
Auditors|5|to|6|
|Statement of Financial Activities||||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||10||
|Notes to the Financial Statements|11|to|18|
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##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
|||Notes||||
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies|||2,759,079|95,594|2,854,673|
|Other trading
activities|||10,488||10,488|
|Investment
income|||1 733||1,736|
|Total|||2,771,300|95,597|2,866,897|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Outreach
and youth work|||94,046||94,046|
|Pastoral and church activities|||670,513|43,508|714,021|
|Overseas missions|||57,808||57,808|
|Social action|||27,620||27,620|
|Total|||849,987|43,508|893,495|
|NET INCOME|||1,921,313|52,089|1,973,402|
|TOTAL FUNDS CARRIED FORWARD|||1,921,313|52,089|1,973,402|
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
||Notes|F|E||
|FIXEDASSETS|||||
|Tangible assets||1,480,708||1,480,708|
|CURRENT ASSETS|||||
|Debtors
Investments|12
13|20,299
85,«8||20,299
85,118|
|Cash at bank||388,774|52,451|441,225|
|||494,191|52,451|546,642|
|CREDITORS|||||
|Amounts
falling due within one year|14|(53,586)|(362)|(53,948)|
|NET CURRENT ASSETS||440 605|52 089|492,694|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES||1,921,313|52,089|1,973,402|
|NET ASSETS||1 921,313|52089|1 973,402|
|FUNDS|16||||
|Unrestricted
funds||||1,921,313|
|Restricted funds||||52,089|
|TOTALFUNDS||||1 973402|
##
||||Notes||
|---|---|---|---|---|
|Cash flows from|operating|activities|||
|Cash generated
from operations||||62473|
|Net cash provided|by operating
activities|||62473|
|Cash flows from|investing|activities|||
|Purchase oftangible fixed assets||||(19,462)|
|Interest received||||1 736|
|Net cash (used in)/provided||by investing|activities|~17726)|
|Cash flows from|financing|activities|||
|Cash transferred
in on merger
Net Assets from prior enitiy||||412,623
~16145|
|Net cash provided|by financing
activities|||396,478|
|Change
in cash|and cash|equivalents|||
|in the reporting|period|||441,225|
|Cash and cash equivalents||at the|||
|beginning
ofthe|reporting|period|||
|Cash and cash equivalents||at the end|||
|ofthe reporting|period|||441,225|
|RECONCIUATION|OF NET|INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|
||||F|
|Net Income for the|reporting|period (as per the Statement of||
|Financial Activities)|||1,973,402|
|Adjustments
for:||||
|Depreciation
charges|||61,705|
|Interest received|||(1,736)|
|Movement
ofcurrent|asset investments||(85,118)|
|Funds from The Kings Church||High Wycombe|(1,919,429)|
|Increase
in debtors|||(20,299)|
|Increase
in creditors|||53848|
|Net cash provided|by operations||82473|
##
|ANALYSIS OF C|HANGES
IN NET FUNDS||||
|---|---|---|---|---|
|||At 1.9.19|Cash flow|At 31.8.20|
||||F|F|
|Net cash|||||
|Cash at bank|||441,225|441,225|
||||441 225|441 225|
|Liquid resources|||||
|Deposits included|in cash||||
|Current asset investments|||85,118|85,118|
||||85,118|85 118|
|Total|||526,343|526,343|
##
##
##
##
|DONATIONS
AND LEGACIES|||
|---|---|---|
|Gifts||97,653|
|Donations||124,618|
|Gift aided donations||712,973|
|Transfer from The King's Church|High Wycombe|1919429|
|||2,854,673|
##
##
|Letting||||||10,488|
|---|---|---|---|---|---|---|
|INVESTMENT INCOME|||||||
|||||||E|
|Interest receivable||||||1,736|
|CHARITABLE ACTIVITIES COSTS|||||||
||||Grant||||
||||funding|of|||
||||activities||Support||
|||Direct|(see note||costs (see||
|Outreach|and youth work|Costs
F
48,595|6)|:
45,451||note 7)|Totals
F
94,046|
|Pastoral|and church activities|534,771|6,169||173,081|714,021|
|Overseas|missions|5,308|52,500|||57,808|
|Social action||27 62D||||27,620|
|||616.294|104,120||173D81|893495|
|GRANTS PAYABLE|||||||
|Outreach|and youth work|||||45,451|
|Pastoral|and church activities|||||6,169|
|Overseas|missions|||||52,500|
|||||||104,120|
##
##
##
##
|GRANTS PAYABLE - continued|GRANTS PAYABLE - continued|||
|---|---|---|---|
|The total grants|paid to institutions|during the year was as follows:||
|Wycombe Youth|for Christ||3,600|
|Christians
Against Poverty|||9,000|
|SirWilliam Ramsay School|||500|
|Wycliffe|||10,800|
|Frontiers|||4,800|
|Youth Newday|||10,000|
|Evangelical
Alliance|||650|
|Other|||53|
|Love Wycombe|||1,000|
|Nepal|||24,821|
|One Can Trust|||2,250|
|Central Aid|||200|
|24/7 International|||200|
|Catalyst COVID|relief||5,000|
|WYHOC|||5721|
||||78,585|
##
##
##
##
|Wages and salaries|Wages and salaries||||||||435,954|
|---|---|---|---|---|---|---|---|---|---|
|Social security costs|||||||||29,650|
|Other pension|costs||||||||39,522|
||||||||||505 126|
|Transactions|with key management||||personnel|||||
||||||||||F|
|Total compensation||of key management|||personnel||||165,653|
|The average|monthly|number of|employees|||during the year|was as follows:|||
||||||||||19|
|No employees|received emoluments|||in|excess of660,000.|||||
|TANGIBLE FIXEDASSETS||||||||||
|||||||||Fixtures||
||||||||Freehold|and||
||||||||property|fittings|Totals|
|||||||||F||
|COST||||||||||
|Additions||||||||19,462|19,462|
|Disposals||||||||(590)|(590)|
|Transfer from|The King's Church||High|||||||
|Wycombe|||||||1,565626|351,068|1 916694|
|At 31August|2020||||||1 565,626|369940|1 935566|
|DEPRECIATION||||||||||
|Charge for year|||||||31,312|30,393|61,705|
|Eliminated
on disposal||||||||(590)|(590)|
|Transfer from
Wycombe|The King's Church||High||||146 126|247617|393 ,743|
|At 31August|2020||||||177438|277,420|454,858|
|NET BOOK VALUE||||||||||
|At 31August|2020||||||1,388188|92 520|1,480,708|
##
|12.|DEBTORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|
||||||||F|
||Trade debtors||||||921|
||Tax||||||11,314|
||Prepayments
and accrued||income||||8084|
||||||||20,299|
|13.|CURRENT ASSET INVESTIIENTS|||||||
||||||||F|
||Short term cash deposits||||||85118|
|14.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||Trade creditors||||||19,321|
||Social security and other|taxes|||||9,395|
||Other creditors||||||360|
||Accruals and deferred
income||||||24,872|
||||||||53,948|
|15.|LEASING AGREEMENTS|||||||
||Minimum
lease payments||under nonwancellable|operating|leases fall due as follows:|||
||Within one year||||||19,768|
||Between one and five years||||||11,532|
||||||||31,300|
||Amounts
charged to the|Statement of Financial Activities|||in repect ofoperating|leases is|as follows:|
||||||||F|
||Operating
leases||||||12,284|
##
|MOVEMENT|IN FUNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
||||in funds|funds|31.8.20|
|Unrestricted|funds|||||
|General
fund|||503,990|(31,165)|472,825|
|King's Centre|||1,388,188||1,388,188|
|Azalea|||19,869|10,000|29,869|
|Vision|||9266|21 165|30431|
||||1,921,313||1,921,313|
|Restricted funds||||||
|Assistance|||4,032||4,032|
|Nepal fund|||27,012||27,012|
|HW Debt relief|||9,719||9,719|
|Hope fund|||11326||11,326|
||||52,089||52,089|
|TOTAL FUNDS|||1,973402||1 973402|
|Net movement|in funds,|included|in the above are as follows:|||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|||||F||
|Unrestricted|funds|||||
|General fund|||1,303,495|(799,505)|503,990|
|King's Centre|||1,419,500|(31,312)|1,388,188|
|Azalea
Vision|||36,262
12,043|(16,393)
~2,777)|19,869
9266|
||||2,771,300|(849,987)|1,921,313|
|Restricted funds||||||
|Assistance|||16,264|(12,232)|4,032|
|Nepal fund|||51,598|(24,586)|27,012|
|HW Debt relief
Hope fund|||13,420
14,315|(3,701)
~2,989)|9,719
11,326|
||||95597|~43.508)|52,089|
|TOTAL FUNDS|||2,866,897|~893,495)|1,973,402|
##
|unincorpora|ted
charity The King's Church
High Wycom|be,
charity number 277970.|
|---|---|---|
|Unrestricted|funds||
|||f|
|General||417,706|
|King's Centre||1,419,500|
|Azalea||29,884|
|Vision||9999|
|||1,877,079|
|Restricted|funds||
|Assistance||16,264|
|Nepal fund||23,934|
|HW Debt Relief||2 152|
|||42,350|
|TOTAL FUNDS||1 919.429|
##
##