## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |r Ended 3|1st August 20|20||||||| |---|---|---|---|---|---|---|---|---| ||||||||2020|2019| ||||||Unrestricted|Restricted|Total|Total| ||||||fund|fund|funds|funds| |||||Notes|||f|f| |INCOME|AND ENDOWMENTS||FROM|||||| |Donations|and legacies|||2|29,223,716|750,712|29,974,428|27,416,043| |Investment|income|||3|14,049||14,049|10,256| |Other income|||||39253 707||39253 707|68958| |Total|||||68,491,472|750,712|69,242,184|27,495,257| |EXPENDITURE ON||||||||| |Charitable|activities|||4||||| |Provision|ofconventions|for Bible|education||407,907||407,907|1,736,937| |Donations|and aid||||60,889,725||60,889,725|1,411,193| |Provision|ofserviced facilities||||3,712,042||3,712,042|2,449,112| |Caring for|members ofthe Order||||7,128,628||7,128,628|5,205,326| |Provision|offacilities to produce Bible based literature|||||||| ||||||376,687||376,687|381,515| |Total|||||72,514,989||72,514,989|11,184,083| |NET INCOME/(EXPENDITURE)|||||(4,023,517)|750,712|(3,272,805)|16,311,174| |Transfers|between
funds|||76|7507 2|~7507I23||| |Net movement
in funds|||||(3,272,805)||(3,272,805)|16,311,174| |RECONCILIATION
OF FUNDS||||||||| |Total funds brought forward|||||161,208,310||161,208,310|144,897,136| |TOTAL FUNDS CARRIED FORWARD|||||57.935505||157,935.505|161,208,310| ## ## |Sheet
2020|||||| |---|---|---|---|---|---| |||||2020|2019| |||Unrestricted|Restncted|Total|Total| |||fund|fund|funds|funds| ||Notes|f|f|f|f| |FIXEDASSETS|||||| |Tangible assms|9|168,017,001||168,017,001|191,(kl8,976| |Social investments|10|460,215||460,215|460,215| |||168,477,216||16S,477,216|191,509,191| |CURRENT ASSETS|||||| |Stocks|II|112,862||112,862|170,387| |Debtors|12|1,878,815||1,878,815|1,389,283| |Cash at bank and in hand||1,793,527||1,793,527|2,179,858| |||3,785,204||3,785,204|3,739,528| |CREDITORS|||||| |Amounts
falling due within one year|13|(2,782,290)||(2,782,290)|(3,495,784)| |NET CURRENT ASSETS||1.002,914||1.002,914|243,744| |TOTAL ASSETSLESSCURRENT LIABILITIES||169,480,130||169,480,130|191,752,935| |CREDITORS|||||| |Amounts
falling due ager more than one year|14|(11,544,625)||(11,544,625)|(30,544,625)| |NET ASSETS||157,935405||157,935,505|61,208,310| |FUNDS|16||||| |Unrestricted
funds||||157. 355D5|1612083 0| |TOTAL FUNDS||||157,935,505|6
2118,3 ID| ## ## |w Statement
r Ended 31stAugust 2020||||||| |---|---|---|---|---|---|---| |||||Notes|2020
f|2019f| |Cash flows from operating
activities
Cash generated
from operations||||19|~41020571)|17.732 3 2| |Net cash (used in)/provided|by operating||activities||~102057 )|I .732 372| |Cash flows from investing|activities|||||| |Purchase oftangible fixed assets|||||(12,028,281)|(33,514,774)| |Purchase ofsocial investments||||||(460,215)| |Saleoftangible fixed assets|||||70,648,472|470,214| |Interest received|||||14049|10250| |Net cash provided
by/(used|in) investing||activities||58,634,240|~33494.5 9)| |Cash flows from financing|activities|||||| |New loans in year
Loan repayments
in year|||||~18DID000|14,000,000| |Net cash (used in)/provided|by financing||activities||~38000000)|14000 ODD| |Change in cash and cash|equivalents|in the||||| |reporting
period|||||(386,331)|(1,762,147)| |Cash and cash equivalents|at the beginning|||of||| |the reporting
period|||||2,179858|3,942,005| |Cash and cash equivalents|at the end||ofthe|||| |reporting
period|||||793,527|2179,058| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|DONATI|ONS
AND L|EGACIES|||||| |---|---|---|---|---|---|---|---|---| ||||||||2020|2019| ||||||||f|f| ||Legacies||||||4,592,210|2,493,658| ||Non-cash|donations|||||1,810,832|645,717| ||Cash donations||||||23,566,494|24,276,668| ||Other Income||||||892|| ||||||||29974428|274I6043| |3.|INVESTMENT INCOME|||||||| ||||||||2020f|2019
f| ||Deposit account interest||||||14,049|10,248| ||Current asset investment||income|||||8| ||||||||14,049|~10 256| |4.|CHARITABLE ACTIVITIES COSTS|||||||| ||||||Grant|||| ||||||funding|of||| ||||||activities||Support|| |||||Direct|(see note||costs (see|| |||||Costs|5)f||note 6)
f|Totalsf| ||Provision|ofconventions|for Bible education|389,700|||18,207|407,907| ||Donations|and aid||593,950|60,295,775|||60,889,725| ||Provision|ofserviced facilities||3,546,340|||165,702|3,712,042| ||Caring for|members ofthe Order||6,810,414|||318,214|7,128,628| ||Provision|offacilities to|produce Bible|||||| ||based literature|||359,871|||16.816|376,687| |||||. IN.275|60295|7|5 8939|72.5 .989| ## ## |SUPPORT COSTS||||||| |---|---|---|---|---|---|---| ||||Information||Governance|| |||Finance
f|technnlogy||cosa
8|Totals
f| |Provision ofconventions|for|||||| |Bible education||2,332|11,988|3,205|682|18,207| |Provision ofserviced facilities||21216|109,086|29,184|6,216|165,702| |Caring for members ofthe||||||| |Order||40,743|209,489|56,045|11,937|318,214| |Provision offacilities to||||||| |produce Bible based literature||~2153|~tl 070|~2962|631|~16816| |||66,444|~341 633|91,396|19,466|518,939| ## ## |Net income/(expenditure)
ic stated after charging/(crediting):|||| |---|---|---|---| ||2020|2019|| |||f.|| |Auditors'
remuneration|19,466|19,612|| |Depreciation
- owned assets
Other operating
leases
Surplus
on disposal offixed assets|3,594,178
397,789
~39. 82.394)|1,732,020
1,162,803
~7.570|7| ## ## ## |TANGIBLE FIXED ASSETS|||| |---|---|---|---| |||Assets in|| |||the|| ||Freehold|course of|Plant and| ||property|construction|| |||machinery|| |COST|||| |At 1st September 2019
Additions|113,208,932
5.750,940|97,879,041
5,687,351|1,666,893
119,043| |Disposals
Reclassification|(38,699,217)
102014647|~103.5 6.392)|(509,082)
92
745| |At 31st August 2020|182905,302||2,198,599| |DEPRECIATION|||| |At 1st September 2019
Charge t'or year
Eliminated
on disposal|20,836,088
3,335,485
~7348,640)||1,219,729
118,193
~427.990)| |At 31st August 2020|16,822,924||909,932| |NET BOOK VALUE|||| |At 31st August 2020|7*6082378||1.255907| |At 31st August 2019|92,372,844|97,879,041|447,164| ## ## ## ||Fixtures|||| |---|---|---|---|---| ||and|Motor|Computer|| ||fittings
f|vehicles
f|equipment
f|Totals
f| |COST||||| |At 1st Scptcmber 2019|40,428|738,555|290,128|213,823,977| |Additions|16,759|227,849|226,339|12,028,281| |Disposals|(7,056)|(222,943)|(45,742)|(39,484,040)| |Reclassification||||| |At 31stAugust 2020|50131|7 3
61|470725|~)86368
)8| |DEPRECIATION||||| |At 1stSeptember 2019|26,156|530,073|162,955|22,775,001| |Charge for year
Eliminated
on disposal|5,380
~6350)|42,856
~)89731)|92,264
~45 242)|3,594,178
~80
96 )| |At 31st August 2020|25)86|383198|21)9977|18351217| |NET BOOK VALUE||||| |At 31stAugust 2020|24 945|36D,263|270 748|768 017.001| |At 31stAugust 2019|14272|205 482|127,173|191048.076| ## |SOCIAL INVESTMENTS|| |---|---| ||Pmgramme| ||related| ||investments| ||equityf| |MARKET VALUE|| |At 1stSeptember 2019and 31stAugust 2020|460 215| |NET BOOK VALUE|| |At 31st August 2020|400215| |At 31stAugust 2019|46D215| ## ## ## |r End|ed 31st August 2020|||| |---|---|---|---|---| |12.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||| ||||2020|2019| ||||f|| ||Other debtors||394,874|377,348| ||Prepayments
and accrued|income|1,483,941|1,011,935| ||||1,878,815|1,389,283| |13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||2020|2019| ||||f|| ||Other loans (see note 15)
Trade creditors||1,000,000
187,734|332,906| ||Other creditors
Accrued expenses||1,488,119
106,437|2,904,223
~258655| ||||~2,782 290|3,495,784| |14.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|||| ||||2020|2019| ||||f|f| ||Other loans (see note 15)
Accrusls and deferred income||2,927,881
8.6 6744|21,927,881
8.616 74| ||||11,544625|38544625| ## ## |MOVEMENT
IN FUNDS||||| |---|---|---|---|---| |||Net|Transfers|| |||movement|between|At| ||At 1.9.19
f|in funds
f|fundsf|31.8.20
f| |Unrestricted
funds||||| |General fund|161,208,310|(4,023,517)|750,712|157,935,505| |Restricted funds||||| |Relocation Project||750,712|(750,712)|| |TOTAL FUNDS||||| ## ## ||||||||Incoming|Resources|Movement|Movement| |---|---|---|---|---|---|---|---|---|---|---| ||||||||resoutces
f|expended
f||in funds
f| |Unrestricted|funds|||||||||| |General
fund|||||||68,491,472|(72,514,989)|(4,023,517)|| |Restricted funds||||||||||| |Relocation Project|||||||750,712|||750,712| |TOTAL FUNDS|||||||69242354|~72 53 .9897|~3272 8057|| |Comparatlves|for movement|||in funds||||||| ||||||||Net|Transfers||| ||||||||movement|between||At| ||||||At|1.9.18
f|in funds
f|funds||31.8.19
f| |Unrestricted|funds|||||||||| |General
fund|||||140,584,025||14,639,882|5,984,403|161,208,310|| |Restricted fuads||||||||||| |Relocation Project|||||4,313,111||1,671,292|(5,984,403)||| |TOTAL FUNDS|||||144897 3*||63 1174||6|208 3 0| |Comparative|net movement||in|I'unds, included|in the above are as follows:|||||| ||||||||Incoming|Resources|Movement|| ||||||||resources
f|expended
f||in funds| |Uarestricted|funds|||||||||| |General fund|||||||25,823,965|(11,184,083)|14,639,882|| |Restricted fu|ada|||||||||| |Relocation Project|||||||1,671,292|||1,671,292| |TOTAL FUIIiDS|||||||27495,257|~18 0837|1631,1 4|| |A current year 12months||and||prior year 12 months combined||position is as follows:||||| ||||||||Net|Transfers||| ||||||||movement|between||At| ||||||At|1.9.18|in funds|funds||31.8.20| |||||||f|f|f||| |Unrestricted|funds|||||||||| |General fund|||||140,584,025||10,616,365|6,735,115|157,935,505|| |Restricted
funds||||||||||| |Relocation Project|||||4,313,111||2,422,004|(6,735,!15)||| |TOTAL FUNDS|||||144897 136||13,038,369||5|935505| ## ## |A cument
year 12 months
and prior year 12 m
follows:|onths
combined
net movement
in funds|, included
in the abo|ve are as| |---|---|---|---| ||Incoming|Resources|Mov0nnent| ||resources
f|expended
f|in funds| |Unrestricted
funds|||| |General
fund|94,315,437|(83,699,072)|10,616,365| |Restricted funds|||| |Relocation Project|2,422,004||2,422,004| |TOTAL FUNDS|967374) I|~83 6
.072)|13038369| ## ## ||have similar
aims and
Tiilstees.|obje|ctives. This is explained
further
in t|ctives. This is explained
further
in t|ctives. This is explained
further
in t|he 'Wider
Network'
paragraph
ofthe Report of the|he 'Wider
Network'
paragraph
ofthe Report of the|he 'Wider
Network'
paragraph
ofthe Report of the| |---|---|---|---|---|---|---|---|---| |19.|RECONCILIATION|OF|NET (EXPENDITURE)/INCOME|||To NET CASH FLOW FROM OPERATING||| ||ACTIVITIES|||||||| ||||||||2020|2019| |||||||||f| ||Net (expenditure)/income
Financial Activities)||for the reporting||period (as per the|Statement of|(3,272,805)|16,311,174| ||Adjustments
for:
Depreciation
charges
Profit on disposal of fixed assets
Interest received||||||3,594,178
(39.182,394)
(14,049)|1,732,020
(7,881)
(10356)| ||Decrease in stocks||||||57,525|26,475| ||(Increase)/decrease
in
Decrease in creditors|debtors|||||(489,532)
~73.494)|1,119,963
39. 23)| ||Net cash (used in)/provided|||by operations|||~4I,O2tl,571)|7,732,3 2| |20..|ANALYSIS OF CHANGES|||IN NET DEBT||||| |||||||At 1.9.19|Cash liow|At 31 8.20| |||||||f||| ||Net cash
Cash at bank and in hand|||||2.179.858|~386.331)|1,793,527| |||||||2,179,858|~386,331)|1.793,527| ## |r Fnde|d 31st August 2020|d 31st August 2020|d 31st August 2020||||| |---|---|---|---|---|---|---|---| |20..|ANALYSIS OF CHANGES|||IN NET DEBT - continued|||| ||Debt||||||| ||Debts|falling due within|I year|||(1,000,000)|(1,000,000)| ||Debts|falling due at)er I|year||~21,927881)|~19000 000|~2,927,881)| ||||||~21 927,881)|~18000,000|~3,927,881)| ||Total||||~19 748 023)|~17 613669|~2,134,354)| |21.|FINANCIAL
INSTRUMENTS||||||| |||||||2020|2019| ||Debt|instruments
at cost|||||| |||Other debtors||||394,874|377,348| |||Accrued income||||365
75|765 370| |||Total||||1.760.849|1.142.718| ||Financial
Liabilities at||cost||||| |||Other loans||||1,000,000|| |||Trade creditors||||187,734|332,906| |||Other creditors||||1,488,119|2,904,223| |||Accrued expenses||||106,437|258,655| |||Other loans &I year||||2,927,881|21,927,881| |||Accruals and defemxl income||||86 6.744|8.616741| |||Total||||1432*915|34,040,409|