| 31.8.21 | 31.8.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 2 | 807,410 | 104,199 | 911,609 | 2,854,673 |
| Other trading activities | 3 | 684 | 684 | 10,488 | |
| Investment income | 4 | 778 | 778 | 1,736 | |
| Total | 808,872 | 104,199 | 913,071 | 2,866,897 | |
| EXPENDITURE ON | |||||
| Charitable activities | 5 | ||||
| Outreach and youth work | 78,399 | - | 78,399 | 94,046 | |
| Pastoral and church activities | 653,883 | 19,546 | 673,429 | 714,021 | |
| Overseas missions | 24,962 | 24,962 | 57,808 | ||
| Social action | 35,532 | 35,532 | 27,620 | ||
| Total | 792,776 | 19,546 | 812,322 | 893,495 | |
| NET INCOME | 16,096 | 84,653 | 100,749 | 1,973,402 | |
| Transfers between funds | 17 | (3,354) | 3,354 | ||
| Net movement in funds | 12,742 | 88,007 | 100,749 | 1,973,402 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 1,921,313 | 52,089 | 1,973,402 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,934,055 | 140,096 | 2,074,151 | 1,973,402 |
| 31.8.21 | 31.8.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 12 | 1,449,618 | - | 1,449,618 | 1,480,708 |
| CURRENT ASSETS | |||||
| Debtors | 13 | 31,251 | 31,251 | 20,299 | |
| Investments | 14 | 85,075 | - | 85,075 | 85,118 |
| Cash at bank | 415,202 | 140,181 | 555,383 | 441,225 | |
| 531,528 | 140,181 | 671,709 | 546,642 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 15 | (47,091) | (85) | (47,176) | (53,948) |
| NET CURRENT ASSETS | 484,437 | 140,096 | 624,533 | 492,694 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 1,934,055 | 140,096 | 2,074,151 | 1,973,402 | |
| NET ASSETS | 1,934,055 | 140,096 | 2,074,151 | 1,973,402 | |
| FUNDS | 17 | ||||
| Unrestricted funds | 1,934,055 | 1,921,313 | |||
| Restricted funds | 140,096 | 52,089 | |||
| TOTAL FUNDS | 2,074,151 | 1,973,402 |
| 31.8.21 | 31.8.20 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities. | |||
| Cash generated from operations | 1 | 148,587 | 62,473 |
| Net cash provided by operating activities | 148,587 | .62,473 | |
| Cash flows from investing activities | |||
| Purchase of tangible fixed assets | (35,207) | (19,462) | |
| Interest received | 778 | 1,736 | |
| Net cash used in investing activities | (34,429) | (17,726) | |
| Cash flows from financing activities | |||
| Cash transferred in on merger | - | 412,623 | |
| Net Assets from prior enitiy | (16,145) | ||
| Net cash provided by financing activities | - | 396,478 | |
| Change in cash and cash equivalents | |||
| in the reporting period | 114,158 | 441,225 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 441,225 | ||
| Cash and cash equivalents at the end | |||
| of the reporting period | 555,383 | 441,225 |
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES |
|---|---|---|
| 31.8.21 31.8.20 |
||
| ££ | ||
| Net income for the reporting period (as per the Statement of | ||
| Financial Activities) | 100,749 1,973,402 |
|
| Adjustments for: | ||
| Depreciation charges | 66,297 61,705 |
|
| Interest received | (778) (1,736) |
|
| Movement of current asset investments | 43 (85,118) |
|
| Funds from The Kings Church High Wycombe | - (1,919,429) |
|
| Increase in debtors | (10,952) (20,299) |
|
| (Decrease)/increase in creditors | (6,772) 53,948 |
|
| Net cash provided by operations | 148,587 62,473 |
| 2. | ANALYSIS OF CHANGES IN NETFUNDS | |
|---|---|---|
| At 1.9.20 Cash flow At 31.8.21 |
||
| £££ | ||
| Net cash | ||
| Cash at bank | 441,225 114,158 555,383 |
|
| 441,225 114,158 555,383 |
||
| Liquid resources | ||
| Deposits Included in cash | ||
| Current asset investments | 85,118(43) 85,075 |
|
| 85,118(43) 85,075 |
||
| Total | 526,343 114,115 640,458 |
follows: |
||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| Wycombe Youth for Christ | 3,600 | 3,600 |
| Lighthouse | 11000 | - |
| Christians Against Poverty | 9,000 | 9,000 |
| Sir William Ramsay School | - | 500 |
| Wycliffe | 10,800 | 10,800 |
| Frontiers. | 4,800 | 4,800 |
| Youth Newday | - | 10,000 |
| Evangelical Alliance | 700 | 650 |
| Other | 53 | |
| Love Wycombe | 1,000 | |
| Nepal | 3,900 | 24,821 |
| One Can Trust | 1,183 | 2,250 |
| Central Aid | 200 | |
| 2417 International | 200 | |
| Catalyst COVID relief | 5,000 | |
| WYHOC | - | 5,721 |
| Catalyst festival | 500 | |
| 35,483 | 78,595 |
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 66,297 | 61,705 |
| STAFF COSTS | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 439,121 | 435,954 |
| Social security costs | 37,459 | 29,650 |
| Other pension costs | 41,417 | 39,522 |
| 517,997 | 505,126 | |
| Transactions with key management personnel | ||
| 2021 | 2020 | |
| £ | £ | |
| Total compensation of key management personnel | 169,496 | 165,653 |
| The average monthly number of employees during the year was as follows: | ||
| 20 | 19 | |
| No employees received emoluments in excess of £60,000. |
| 12. TANGIBLE FIXED ASSETS |
|
|---|---|
| Fixtures | |
| Freehold and |
|
| property fittings Totals |
|
| £££ | |
| COST | |
| At 1 September 2020 | 1,565,626 369,940 1,935,566 |
| Additions | 35,208 35,208 |
| Disposals | (3,484) (3,484) |
| At 31 August 2021 | .1,565,626 401,664 1,967,290 |
| DEPRECIATION | |
| At 1 September 2020 | 177,438 277,420 454,858 |
| Charge for year | 31,312 34,985 66,297 |
| Eliminated on disposal | (3,483) (3,483) |
| At 31 August 2021 | 208,750 308,922 517,672 |
| NET BOOK VALUE | |
| At 31 August 2021 | 1,356,876 92,742 1,449,618 |
| At 31 August 2020 | 1,388,188 92,520 1,480,708 |
| 13, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
| 31.8:21 .31.8.20 |
|
| Trade debtors | 341921 |
| Tax | 24,141 11,314 |
| Prepayments and accrued income | 6,769 8,064 |
| 31,251 20,299 |
|
| 14. CURRENT ASSET INVESTMENTS |
|
| 31.8.21 31.8.20 |
|
| ££ | |
| Short term cash deposits | 85,075 85,118 |
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £- | £ | |
| Trade creditors | 9,264 | 19,321 |
| Social security and other taxes | 9,762 | 9,395 |
| Other creditors | 360 | 360 |
| Accruals and deferred Income | 27,790 | 24,872 |
| 47,176 | 53,948 |
| 31.8.21 31.8.20 |
|
|---|---|
| Within one year | 19,768 |
| Between one and five years | 11,532 |
| 31,300 |
| 2021 2020 |
|
|---|---|
| £ £ |
|
| Operating leases | •12,284 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.9.20 | in funds | funds | 31.8,21 | |
| Unrestricted funds | ||||
| General fund | 472,825 | (33,949) | (3,354) | 435,522 |
| King's Centre | 1,388,188 | (31,312) | - | 1,356,876 |
| Azalea | 29,869 | 54,410 | - | 84,279 |
| Vision | 30,431 | 26,947 | - | 57,378 |
| 1,921,313 | 16,096 | (3,354) | 1,934,055 | |
| Restricted funds | ||||
| Assistance | 4,032 | - | (4,032) | |
| Nepal fund | 27,012 | 63,861 | 3,354 | 94,227 |
| HW Debt relief | 9,719 | (776) | - | 8,943 |
| Hope fund | 11,326 | 21,568 | 4,032 | 36,926 |
| 52,089 | 84,653 | 3,354 | 140,096 | |
| TOTAL FUNDS | 1,973,402 | 100,749 | 2,074,151 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | In funds | |
| Unrestricted funds | |||
| General fund | 687,391 | (721,340) | (33,949) |
| King's Centre Azalea |
- 81,288 |
(31,312) (26,878) |
(31,312) 54,410 |
| Vision | 40,193 | (13,246) | 26,947 |
| 808,872 | (792,776) | 16,096 | |
| Restricted funds | |||
| Nepal fund HW Debt relief |
63,861 10,375 |
- (11,151) |
63,861 (776) |
| Hope fund | 29,963 | (8,395) | 21,568 |
| 104,199 | (19,546) | 84,653 | |
| TOTALFUNDS | 913,071 | (812,322) | 100,749 |
| Comparatives for 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 | 9,266 | 21,165 | 30,431 |
| 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 | 11,326 | 11,326 | |
| 52,089 | 52.089 | ||
| TOTALFUNDS | 1,973,402 | - | 1,973,402 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| .General fund | 1,303,495 | (799,505) | 503,990 |
| King's Centre | 1,419,500 | (31,312) | 1,388,188 |
| Azalea | 36,262 | (16,393) | 19,869 |
| Vision | 12,043 | (2,777) | 9,266 |
| 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 | 13,420 | (3,701) | 9,719 |
| Hope fund | 14,315 | (2,989) | 11,326 |
| 95,597 | (43,508) | 52,089 | |
| TOTALFUNDS | 2,866,897 | (893,495) | 1,973,402 |