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|STRATEG1|STRATEG1|C REPORT|||||
|---|---|---|---|---|---|---|
|Greenhouse||Gas Emissions, Energy|Consumption|&Energy|Efficiency||
||||||Carbon||
||||||Tonnes|KwH|
|Quantity|of|emissions
in tonnes of carbon dioxide||equivalent|||
|resulting|from activities for which the||company
is responsible||2,155||
|Quantity|of|energy consumed
resulting|from activities|for|||
|which the company
is responsible||||||11,615,281|
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||||2022|2021|
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||fund|fund|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies|||59,285,204|34,867,079|
|Investment
income|||6,706|1,583|
|Other income|||4,181,075|36,938,741|
|Total|||63,472,985|71,807,403|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Provision ofconventions|for Bible education||45,683|79,494|
|Donations
and aid|||35,009,532|63,525,482|
|Provision ofserviced facilities|||5,003,581|3,499,796|
|Caring for members ofthe Order
Provision offacilities to produce Bible-based literature|||8,376,468
342,970|8,087,083
312,113|
|Total|||48,778,234|75,503,968|
|NET INCOME/(EXPENDITURE)|||14,694,751|(3,696,565)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought fortvard|||154,238,940|157,935,505|
|TOTAL FUNDS CARRIED FORWARD|||6893369|33 .238 949|
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|Balance Sheet
31stAugust 2022||||
|---|---|---|---|
|||2022|2021|
|||Unrestricted|Unrestricted|
|||fund|fund|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|9|170,052,018|156,027,845|
|Social investments|10|60.2|460 215|
|||170,512,233|156,488,060|
|CURRENT ASSETS||||
|Stocks|11|167,727|154,850|
|Debtors|12|3,410,460|1,080,607|
|Cash at bank and in hand||472241|1 869 793|
|||4,050,428|3,105,250|
|CREDITORS||||
|Amounts
falling due within one year|13|(2,201,089)|(1,926,411)|
|NET CURRENT ASSETS||1,849,339|1,178,839|
|TOTAL ASSETS LESSCURRENT LIABILITIES||172,361,572|157,666,899|
|CREDITORS||||
|Amounts
falling due alter more than one year|14|(3,427,881)|(3,427,959)|
|||cozen||
|NET ASSETS||168 933 691|154238 940|
|FUNDS|16|||
|Unrestricted
funds||68,933.69|5 238.940|
|TOTAL FUNDS||168,933 691|154238,940|
##
##
|||||Notes|2022||2021f|
|---|---|---|---|---|---|---|---|
|Cash flows from operating
activities
Cash generated
from operations||||18|12,813,191|~220,835)||
|Net cash provided
by/(used|in) operating||activities||12,813,191|~44220835)||
|Cash flows from investing|activities|||||||
|Purchase oftangible fixed assets
Sale oftangible fixed assets|||||(21,174,787)
6,957,338|(612,512)
45,908,030||
|Interest received|||||6,706||I 583|
|Net cash (used in)/provided|by investing||activities||~4,2 0 7 3)|4|297.308|
|Cash flows from financing
Loan repayments
in year|activities|||||~00tl.000)||
|Net cash provided
by/(used|in) financing||activities|||~)000 OIIO)||
|Change in cash and cash equivalents||in|the|||||
|reporting
period|||||(1,397,552)||76,266|
|Cash and cash equivalents|at the beginning of|||||||
|the reporting
period|||||1,869,793||1,793,527|
|Cash and cash equivalents|at the end|ofthe||||||
|reporting
period|||||472,241||1,869,793|
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|DONATIONS
AND L|EGACIES|||||
|---|---|---|---|---|---|
||||2022||2021|
|Legacies|||7,632,326||3,073,698|
|Non-cash
donations|||19,899,063||1,059,842|
|Cash donations|||31,745,975|30,695,403||
|Other Income|||7,840||38,136|
||||59,285,204|3|867079|
|INVESTMENT INCOME||||||
||||2022||2021|
|Deposit account intermt|||~6706||1,583|
|OTHER INCOME||||||
||||2022||2021|
||||f||f|
|Gain on sale oftangible|fixed assets||4,150,700|36,825,799||
|Foreign currency gains|||||(6,411)|
|Income from recycling|||30.375||119353|
||||4 8,0 5|36938 7||
|CHARITABLE ACTIVITIES COSTS||||||
||||Support|||
|||Direct|costs (see|||
|||Costs
f|note 6)
f||Totalsf|
|Provision ofconventions|for Bible education|39,853|5,830||45,683|
|Donations
and aid||35,009,532||35,009,532||
|Provision ofserviced facilities||4,402,576|601,005||5,003,581|
|Caring for members ofthe Order||7,306,790|1,069,678||8,376,468|
|Provision offacilities to|produce Bible-based|||||
|literature||29921|43 759||342 970|
|||47.05 .962|1 720.272|48.778 234||
##
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|SUPPORT COSTS||||||
|---|---|---|---|---|---|
|||Information||Governance||
||Finance
f|technology
f|Other|costs|Totals
f|
|Provision ofconventions
for||||||
|Bible education|532|5,075|147|76|5,830|
|Provision ofserviced facilities|54,807|523,308|15,050|7,840|601,005|
|Caring for members ofthe|97,546|931,392|26,787|13,953|1,069,678|
|Order||||||
|Provision offacilities to
produce Bible-based literature|3,990|~38 102|~1096|571|~43 759|
||156,875|~1497877|43,080|~22 440|~1720272|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)
is stated afier charging/(crediting):||||||
|||||2022f|2021f|
|Auditors'
remuneration||||22,440|20,400|
|Depreciation
-owned assets||||4,254,020|4,068,057|
|Other operating
leases
Surplus on disposal offixed assets||||355,513
~4)27.646)|142,683
~36828474)|
##
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##
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|||||Assets in||
|||||the||
||||Freehold|course of|Plant and|
||||property
f|construction
f.|machinery|
|COST||||||
|At 1st September 2021||169,532,416||77,628|1,987,476|
|Additions
Disposals
Reclassification||20,480,569
(3,330,005)||47,387
~9) 65)|88,439
(139,991)
91 165|
|At 31stAugust 2022||86|682 980|33 850|2 027 089|
|DEPRECIATION||||||
|At 1st September 2021||15,465,341|||852,329|
|Charge for year
Eliminated
on disposal||3,960,959
~507 88 )|||126,093
~)03463)|
|At 31stAugust 2022||18918416|||874 959|
|NET BOOK VALUE||||||
|At 31stAugust 2022||67|64.564|33 850|1
2, 30|
|At 31stAugust 2021||154067.0||77.6 8|1,135147|
||Fixtures|||||
||and||Motor|Computer||
||fittings
f||vehicles
f|equipment|Totals|
|COST||||||
|At 1st September 2021|64,434||767,792|483,907|172,913,653|
|Additions|18,083||520,319|19,990|21,174,787|
|Disposals|||(67,550)|(18,114)|(3,555,660)|
|Reclassification||||||
|At 31stAugust 2022|82517|1220561||485 783|90532 780|
|DEPRECIATION||||||
|At 1stSeptember 2021|27,878||299,845|240,415|16,885,808|
|Charge for year
Eliminated
on disposal|10,721|101,307
~40229)||54,940
~7490)|4,254,020
~659066)|
|At 31stAugust 2022|38599||3609 3|287865|20. 80.762|
|NET BOOK VALUE
At 31stAugust 2022
At 31stAugust 2021|43918
3||859.638
197,918
.9»||170,052,018
»,8|
##
|for th|e Year Ended 31stAugust 2022||
|---|---|---|
|10.|SOCIAL INVESTMENTS||
|||Programme|
|||related|
|||investments|
|||equityf|
||MARKET VALUE||
||At 1st September 2021 and 31stAugust 2022|460,215|
||NET BOOKVALUE||
||At 31stAugust 2022|466 216|
||At 31stAugust 2021|460,215|
##
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|STOCKS||||
|---|---|---|---|
|||2022
f|2021f|
|Stocks - electrical, maintenance,|and home supplies|~167727|154,850|
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||2022|2021|
|||f|f|
|Other debtors
Prepayments
and accrued income||1,506,002
~1904458|921,106
~159501|
|||~3410,460|~1080,607|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||2022|2021|
||||f|
|Trade creditors||262,929|119,235|
|Other creditors
Accrued expenses||1,771,692
~166468|1,688,824
~118352|
|||2,201,089|~1926,411|
##
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##
||2022|2021|
|---|---|---|
||f||
|Other loans (see note 15)|2,927,881|2,927,881|
|Accruals and deferred income (see note 21)|500,000|500,078|
||3,427,881|~3,427 959|
##
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|MOVEMEN|T IN FUNDS||||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.9.21|in funds|31.8.22|
|||||f||f|
|Uarestricted|funds||||||
|General fund||||154,238,940|14,694,751|168,933,691|
|TOTAL FUNDS||||154238.940|.69 . 5|168,933 691|
|Net movement|in funds, included||in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in fundsf|
|Unrestricted|funds||||||
|General fund||||63,472,985|(48,778,234)|14,694,751|
|TOTAL FUNDS||||63472985|~87782347|14694751|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.9.20|in funds|31.8.21|
||||||f|f|
|Unrestricted|funds||||||
|General fund||||157,935,505|(3,696,565)|154,238,940|
|TOTALFUNDS||||».9 . 0|~3.6 6||
##
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##
|||||||||||||Incoming||Resources|Movement|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||resources||expended|in funds
f|
|Unrestricted
funds||||||||||||||||
|General fund|||||||||||71,807,403|||(75,503,968)|(3,696,565)|
|TOTAL FUNDS|||||||||||7|807403|~75 503 968)||~3696,565)|
|A current year 12months|||and||prior year 12months combined||||position is as||follows:|||||
|||||||||||||||Net||
|||||||||||||||movement|At|
|||||||||||||At 1.9.20
f||in funds
f|31.8.22|
|Unrestricted
fuads||||||||||||||||
|General fund|||||||||||157,935,505|||10,998,186|168,933,691|
|TOTAL FUNDS||||||||||||935505||10998,186|168933691|
|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|||||||||||135,280,388||(124,282,202)||10,998,186|
|TOTAL FUNDS|||||||||||3|280388|~124282202)||I)998186|
|RELATED PARTY||DISCLOSURES||||||||||||||
|Although
there are|no related||||parties,|the Association||works|closely|with|other charities||in many countries||which have similar|
|aims and objectives.|This||is|explained||further|in the 'Wider Network'|||paragraph||ofthe Report ofthe Trustees.||||
|RECONCILIATION||OF NET INCOME/(EXPENDITURE)|||||||TO|NET CASH FLOW|||FROM OPERATING ACTIVITIES|||
|||||||||||||||2022|2021|
|||||||||||||||f||
|Net income/(expenditure)||||for the reporting|||period|(as per the Statement|||of|||||
|Financial Activities)||||||||||||||14,694,751|(3,696,565)|
|Adjustments
for:||||||||||||||||
|Depreciation
charges||||||||||||||4,254,020|4,068,057|
|Profit on disposal offixed|||assets|||||||||||(4,127,540)|(36,828,474)|
|Interest received||||||||||||||(6,706)|(1,583)|
|Donated fixed assets received/sent||||||||||||||66,796|(545,945)|
|Increase in stocks||||||||||||||(12,877)|(41,988)|
|(Increase)/decrease
Increase/(decrease)|in
in|debtors
creditors||||||||||||(2,329,853)
274,600|798,208
~7972.5 5|
|Net cash provided|by/(used||||in) operations|||||||||2,813,191|~44.220.835|
##
##
##
||||At 1.9.21|Cash flow|At 31.8.22|
|---|---|---|---|---|---|
|||||f||
||Net cash|||||
||Cash at bank and in hand||~1869,793|~1,397,552)|472,241|
||||~1,869793|~1397,552)|472,241|
||Debt|||||
||Debts falling due after
1 year||~2,927,881)||2,927 881|
||||~2,927881)||2 927,881|
||Total||~1058,088)|~1397552)|~2455 640|
|20.|FINANCIAL INSTRUMENTS|||||
|||||2022|2021|
||Debt instrumeats
at amortised|cost||||
||Other debtors|||1,506,002|921,106|
||Accrued income|||,904458|105,628|
||Total|||3 410 60|1,026,734|
||Financial Liabilities at amortised
cost|||||
||Trade creditors|||262,576|119,235|
||Other creditors|||1,771,692|1,688,824|
||Accrued expenses|||166,468|118,352|
||Other loans &1 year|||2,927,881|2,927,881|
||Accruals and deferred income|||500 000|500,078|
||Total|||5 628.6 7|5,354,370|
|21.|DEFERRED INCOME|||||
||||||f|
||Deferred income as at 1st September 2021
Excess amount||||500,078
~78)|
||Deferred income as at 31stAugust 2022||||~500000|
||Deferred income relates to adeposit received for a property sale.|||||