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|Registered Charit
216647|y|nu|mber|
|---|---|---|---|
|Registered
office||||
|I Kingdom
Way||||
|West Hanninglield||||
|Chelmsford||||
|CM2 8FW||||
|Trustees||||
|J Manley||||
|SPapps (resigned|31.10.21)|||
|KSnaith||||
|I Darby (resigned|31.8.21)|||
|SC H Symonds||||
|M Simpson (appointed|||8.11.21)|
|A Sutton (appointed||1.9.21)||
|Auditors||||
|Calcutt Matthews|WBZ||Ltd|
|Chartered
Accountants|||and Statutory Auditor|
|19North Street||||
|Ashford||||
|TN24 8LF||||
|Bankers||||
|Barclays Corporate||North London Team||
|1-2Trinity Way||||
|Chingford||||
|London||||
|E4 8TD||||
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|for the Ye|ar Ended 3|1s|tAugust 2|021|||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||Unrestricted|Total|
|||||||Notes|fundf|funds|
|INCOME|AND ENDOWMENTS|||FROM|||||
|Donations|and legacies||||||34,867,079|29,974,428|
|Investment|income||||||1,583|14,049|
|Other income|||||||36,938,741|39,253,707|
|Total|||||||71,807,403|69,242,184|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Provision|ofconventions||for Bible|education|||79,494|407,907|
|Donations|and aid||||||63,525,482|60,889,725|
|Provision|ofserviced facilities||||||3,499,796|3,712,042|
|Caring for|members ofthe Order||||||8,087,083|7,128,628|
|Provision|offacilities to||produce Bible-based||literature||312,113|376,687|
|Total|||||||75,503,968|72,514,989|
|NET INCOME/(EXPENDITURE)|||||||(3,696,565)|(3,272,805)|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||forward|||||157,935,505|161,208,310|
|TOTAL FUNDS CARRIED FORWARD|||||||154,238,940|157,935,505|
##
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|Balance Sheet
31stAugust 2021||||
|---|---|---|---|
|||2021|2020|
|||Unrestricted|Total|
|||fund|funds|
||Notes|f,||
|FIXEDASSETS||||
|Tangible assets|9|156,027,845|168,017,001|
|Social investments|10|4602 5|460,215|
|||156,488,060|168,477,216|
|CURRENT ASSETS||||
|Stocks|ll|154,850|112,862|
|Debtors|12|1,080,607|1,878,815|
|Cash at bank and in hand||1 069.793|1,793,527|
|||3,105,250|3,785,204|
|CREDITORS||||
|Amounts
falling due within one year|13|(1,926,411)|(2,782,290)|
|NET CURRENT ASSETS||1,178,839|1,002,914|
|TOTAL ASSETSLESSCURRENT LIABILITIES||157,666,899|169,480,130|
|CREDITORS||||
|Amounts
falling due after more than one year|14|(3,427,959)|(11,544,625)|
|NET ASSETS||154238 940|157935.505|
|FUNDS|16|||
|Unrestricted
funds||154,238,940|157,935,505|
|TOTAL FUNDS||154,238,940|157,935,505|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating
activities
Cash generated
from operations|||18|~44.220 835)|~4) 020.57))|
|Net cash used in operating|activities|||~44,220,835)|~4),020,57))|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed assets||||(612,512)|(12,028,281)|
|Sale oftangible fixed assets||||45,908,030|70,648,472|
|Interest received||||1 583|14,049|
|Net cash provided by investing
activities||||45 297,101|5863 .2 0|
|Cash flows from financiag
Loan repayments
in year|activities|||~)000000)|~)8.000.000)|
|Net cash used in financing|activities|||~tl00 000)|~800tl.allO&|
|Change
in cash and cash|equivalents|in the||||
|reporting
period||||76,266|(386,331)|
|Cash snd cash equivaleats|at the beginning||of|||
|the reporting
period||||1793527|2 179,858|
|Cash and cash equivalents|at the end|ofthe||||
|reporting
period||||869 93|93527|
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|Freehold land|Not depreciated|
|---|---|
|Buildings|2%to 2.5%on cost|
|Plant and machinery|10%on cost|
|Motor vehicles|14%to20%on cost|
|Assets in the course ofconstruction|Not depreciated|
|Fixtures and fittings|20% on cost|
|Computer
Equipment|14%to 33%on cost|
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|DONATIONS
AND L|EGACIES||||
|---|---|---|---|---|
||||2021f|2020|
|Legacies|||3,073,698|4,592,210|
|Non-cash
donations|||1,059,842|1,810,832|
|Cash donations|||30,695,403|23,566,494|
|Other Income|||38,136|4,892|
||||3,8 7079|29974428|
|INVESTMENT INCOME|||||
||||2021f|2020f|
|Deposit account interest|||1,583|14,049|
|OTHER INCOME|||||
||||2021
f|2020f|
|Gain on sale oftangible|fixed assets||36,825,799|39,205,753|
|Foreign currency gains|||(6,41 1)|(2,009)|
|Income from recycling|||119,353|49,963|
||||36.938741|39.253.707|
|CHARITABLE ACTIVITIES COSTS|||||
||||Support||
|||Direct|costs (see||
|||Costs
f|note 6)
f|Totalsf|
|Provision ofconventions|for Bible education|75,178|4,316|79,494|
|Donations
and aid||63,525,482||63,525,482|
|Provision ofserviced facilities||3,307,084|192,712|3,499,796|
|Caring for members ofthe Order||7,648,093|438,990|8,087,083|
|Pmvision offacilities to
Bible-based
literature|produce|29ยป0|16943|3 2
3|
|||74.851 007|652,961|75,503,968|
##
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|SUPPORT COSTS|||||||
|---|---|---|---|---|---|---|
||||Information||Governance||
||Finance
f||technology|Other|costs
f.|Totals
f.|
|Provision ofconventions
for|||||||
|Bible education||702|2,849|630|135|4,316|
|Provision ofserviced facilities|31,340||127,200|28,151|6,021|192,712|
|Caring for members ofthe|||||||
|Order|71,391||289,757|64,127|13,715|438,990|
|Provision offacilities to|||||||
|produce Bible-based literature|2,755||11,183|~2476|529|~16943|
||~106|188|430,989|95 384|~20 400|~652 961|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)
is stated after charging/(crediting):|||||||
||||||2021f|2020f|
|Auditors'
remuneration|||||20,400|19,466|
|Depreciation
-owned assets|||||4,068,057|3,594,178|
|Other operating
leases
Surplus on disposal offixed assets|||||142,683
~36.828 4743|397,789
~33.382.3647|
##
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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Assets in||
||||the||
|||Freehold|course of|Plant and|
|||property|construction|machinery|
|COST|||||
|At 1st September 2020||182,905,302||2,198,599|
|Additions
Disposals||794,275
.6.6)|77,628|27,793
~238 916)|
|At 31stAugust 2021||9532416|77628|987476|
|DEPRECIATION|||||
|At 1stSeptember 2020||16,822,924||909,932|
|Charge for year
Eliminated
on disposal||3,813,565
~517)148)||131,705
~)89.308)|
|At 31stAugust 2021||15465 341||852329|
|NET BOOK VALUE|||||
|At 31stAugust 2021||154.067.075|77628|1.135.147|
|At 31stAugust 2020||166082 378||1,288,667|
||Fixtures||||
||and|Motor|Computer||
||Ettings
f|vehicles|equipment
f|Totals|
|COST|||||
|At 1stSeptember 2020
Additions
Disposals|50,131
21,930
~62 )|743,461
200,140
~75.809)|470,725
36,691
~3.50 )|186,368,218
1,158,457
~63,02 )|
|At 31stAugust 2021|64 434|767 792|483907|72 9 3653|
|DEPRECIATION|||||
|At 1st September 2020
Charge for year
Eliminated
on disposal|25,186
7,243
~4.55))|383,198
61,597
~)44 9501|209,977
53,947
~23509)|18,351,217
4,068,057
~5,533,466)|
|At 31stAugust 2021|27,878|299,845|240,415|16,885,808|
|NET BOOK VALUE|||||
|At 31stAugust 2021|36,556|67,947|243492|IM,027,8 5|
|At 31stAugust 2020|24,945|360,263|260,748|168,017,001|
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|SOCIAL INVESTMENTS||
|---|---|
||Programme|
||related|
||investments|
||txtutty
f|
|MARKET VALUE||
|At 1st September 2020 and 31stAugust 2021|460,215|
|NET BOOK VALUE||
|At 31stAugust 2021|466 226|
|At 31st August 2020|460,215|
##
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|confident
that it will continue to|advance the charitable
aims ofthe Association.|||
|---|---|---|---|
|STOCKS||||
|||2021|2020|
|||f|f.|
|Stocks - electrical, maintenance|and home supplies|~154850|112,862|
|DEBTORSt AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||2021|2020|
|||f|f|
|Other debtors||921,106|394,874|
|Prepayments
and accrued income||159,501|~1483941|
|||~1080,607|1,878,815|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||2021|2020|
|Other loans (see note 15)|||1,000,000|
|Trade creditors||119,235|187,734|
|Other creditors
Accrued expenses||1,688,824
~118352|1,488,119
~106437|
|||~1926411|~2782,290|
##
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|CREDITORS: AMOUNTS FALLING DUE AFTER MO|RE THAN ONE YEAR||
|---|---|---|
||2021|2020|
||f|f|
|Other loans (see note 15)|2,927,881|2,927,881|
|Accruals and deferred income|500,078|8,616,744|
||3,427,959|11,544,625|
##
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|MOVEMEN|T IN FUNDS||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|AI|
|||||||At 1.9.20|in funds|31.8.21|
||||||||f||
|Unrestricted|funds||||||||
|General fund||||||157,935,505|(3,696,565)|154,238,940|
|TOTALFUNDS||||||57.935.505|~3.696.565)|15 .238.9 0|
|Net movement|in funds, included||in the above|are as follows:|||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended
f|in funds
f|
|Unrestricted|funds||||||||
|General
fund||||||71,807,403|(75,503,968)|(3,696,565)|
|TOTAL FUNDS||||||71,107,403|~5,503,968)|~3,696,565)|
|Comparatives|for movement|in|funds||||||
|||||||Net|Tl'at)sfefs||
|||||||movement|between|At|
|||||At|1.9.19
f|in funds|fundsf|31.8.20
f|
|Unrestricted|funds||||||||
|General fund||||161,208,310||(4,023,517)|750,712|157,935,505|
|Restricted funds|||||||||
|Relocation
Proj6x:t||||||750,712|(750,712)||
|TOTAL FUNDS||||161,208,310||~3,272,805)||157,935,505|
##
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|||||||Incoming||Resources|Movement|
|---|---|---|---|---|---|---|---|---|---|
|||||||resources||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|||||69,2 2, 84||~2,5)4989) ~3272,805)|||
|A current year 12months||and prior year 12months|combined|position is as||follows:||||
|||||||Net||Transfers||
|||||||movement||between|At|
||||At|1.9.19||in funds||funds|31.8.21|
|||||f||f|||f|
|Unrestricted|funds|||||||||
|General fund|||161,208,310||(7,720,082)|||750,712|154,238,940|
|TOTAL FUNDS|||161 208.310 ~6.969.370)||||||154,238,940|
|A current year 12months||and prior year 12months|combined|net movement||in funds,|included|in the above are as follows:||
|||||||Incoming||Resources|Movement|
|||||||resources||expended
f|in funds|
|Unrestricted|funds|||||||||
|General fund|||||140,298,875||(148,018,957)||(7,720,082)|
|TOTAL FUNDS|||||141,049,587||~)46018957)||~6.969.3 0)|
##
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|18.|RECONCILIATION|OF NET|EXPENDITURE TO NET CASH FLOW FROM|EXPENDITURE TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||f|f|
||Net expenditure
for the reporting|||period (as per the Statement ofFinancial|||
||Activities)||||(3,696,565)|(3,272,805)|
||Adjustments
for:||||||
||Depreciation
charges||||4,068,057|3,594,178|
||Profit on disposal offixed assets||||(36,828,474)|(39,182,394)|
||Interest received||||(1,583)|(14,049)|
||Donated fixed assets received||||(545,945)||
||(Increase)/decrease
in stocks||||(41,988)|57,525|
||Decrease/(increase)
in debtors
Decrease in creditors||||798,208
~79 2 545)|(489,532)
~77349 )|
||Net cash used in operations||||~220,635)|~0057 )|
|19**.**|ANALYSIS OF CHANGES IN||NET DEBT||||
|||||At 1.9.20|Cash flow|At 31.8.21|
||||||f|f|
||Net cash||||||
||Cash at bank and in hand|||1,793,527|76,266|1,869,793|
|||||1,793,527|76,266|1,869,793|
||Debt||||||
||Debts falling due within|I year||(1,000,000)|1,000,000||
||Debts falling due afler I year|||~2,927,881)||~2,927,881)|
|||||~3,927,881)|~1000,000|~2,927 881)|
||Total|||~2,134,354)|1,076,266|~1,058,088)|
|20.|FINANCIAL INSTRUMENTS||||||
||||||2021|2020|
||Debt instruments
at smortised||cost||||
||Other debtors||||921,106|394,874|
||Accrued income||||105626|1 365 975|
||Total||||1,026,734|1,760,849|
||Fiasncial Liabilities at|amortised||cost|||
||Other loans|||||1,000,000|
||Trade creditors||||119,235|187,734|
||Other creditors||||1,688,824|1,488,119|
||Accrued expenses||||118,352|106,437|
||Other loans &I year||||2,927,881|2,927,881|
||Accruals and deferred income||||500,078|8,616,744|
||Total||||5.354370|14326915|
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