2020-09-30-accounts - The Evangelical Movement Of Wales

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	Page
Report ofthe Trustees	1 to 5
Report ofthe Independent Auditors	6to 7
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements	12to 22

							2020	2019
					Unrestricted	Restricted	Total funds	Total funds
					funds	funds
				Notes		F
INCOME AND ENDOWMENTS			FROM
Donations and legacies					74,682	164,309	238,991	261,065
Charitable activities
Bookshops					139,080		139,080	247,177
Press and magazines					16,375		16,375	23,546
Conference centre					34,327		34,327	121,832
Conferences					6,204		6,204	176,941
Camps					285		285	107,376
Other ministries					8,554		8,554	33,574
Investment income					419		419	1,152
Total					279,926	164,309	444,235	972,663
EXPENDITURE ON
Charitable activities
Bookshops					121,636	108,490	230,126	286,409
Press and magazines					44,784	3,670	48,454	49,479
Conference centre					55,167	37,369	92,536	113,720
Conferences					39,410		39,410	211,138
Camps Other ministries					44,176 34,312		44,176 34,312	151,181 53,914
Other								15,000
Total					339,485	149,529	489,014	880,841
NET INCOME/(EXPENDITURE)					(59,559)	14,780	(44,779)	91,822
Transfers between		funds		16	12,070	~12,07D)
Net movement in funds					(47,489)	2,710	(44,779)	91,822
RECONCILIATION	OF FUNDS
Total funds brought		forward			1,908,214	37,131	1,945,345	1,853,523
TOTAL FUNDS CARRIED FORWARD					1,860,725	39,841	1,900,566	1,945,345

				2020	2019
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds
	Notes	F	f
FIXEDASSETS
Tangible assets		1,480,672		1,480,672	1,473,953
CURRENT ASSETS
Stocks	12	139,848		139,848	150,296
Debtors	13	66,829		66,829	85,846
Cash at bank		273,096	39,841	312,937	409,313
		479,773	39,841	519,614	645,455
CREDITORS
Amounts falling due within one year	14	(99,720)		(99,720)	(174,063)
NET CURRENT ASSETS		380,053	39,841	419,894	471,392
TOTAL ASSETS LESSCURRENT	LIABILITIES	1,860,725	39,841	1,900,566	1,945,345
NET ASSETS		1,860,725	39,841	1,900,566	1,945,345
FUNDS	16
Unrestricted funds				1,860,725	1,908,214
Restricted funds				39,841	37,131
TOTAL FUNDS				1,900,566	1,945345

					2020	2019
				Notes	F
Cash flows from operating	activities:
Cash generated from operations					~83060)	80,808
Net cash provided by (used in) operating activities					~83,060)	80,808
Cash flows from investing	activities:
Purchase oftangible fixed assets Interest received					(13,735) 419	(624,119) 1,152
Net cash provided by (used in) investing activities					~13,316)	)822.886677)
Change in cash and cash	equivalents	in the
reporting period					(96,376)	(542,159)
Cash and cash equivalents	at the beginning		of
the reporting period					409,313	951,472
Cash and cash equivalents	at the end	ofthe
reporting period					312,937	409,313

	RECONCILIATION	OF	NET	INCOME/(EXPENDITURE)	TO	NET	CASH	FLOW FROM	OPERATING
	ACTIVITIES
								2020	2019
								F
	Net income/(expenditure)		for the reporting	period (as per	the	statement
	offinancial activities)							(44,779)	91,822
	Adjustments for:
	Depreciation charges							7,016	4,575
	Interest received							(419)	(1,152)
	Impairment ofassets								15,000
	Decrease in stocks							10,448	3,131
	Decrease/(increase) in debtors Decrease in creditors							19,017 ~74,343)	(15,737) ~16831)
	Net cash provided	by (used in) operating		activities				~83.D60)	80,808
2.	ANALYSIS OF CHANGES		IN NET FUNDS
						At 1/10/19		Cash flow	At 30/9/20
							f
	Net cash
	Cash at bank					409,313		(96,376)	312,937
	Total					409,313		~96,376)	312,937

DONATIO	NS AND L	EGA	CIES
				2020	2019
				f
Donations				115,427	240,390
Legacies				2,000	20,675
Grants				121,564
				238,991	261,065
Grants received, included			in the above, are as follows:
				2020	2019
					F
Swansea	City Council			10,000
Neath Port Talbot Council				10,000
Wrexham	County Borough		Council	10,000
Gwynedd	Council			45,000
Job Retention Scheme				46,564
				121 564
INVESTMENT INCOME
				2020	2019
				F
Deposit account interest				419	1,152
INCOME	FROM CHARITABLE ACTIVITIES
				2020 f	2019 F
Bookshop	sales			139,080	247,177
Press and	magazine	sales		16,375	23,546
Conference centre fees				34,327	121,832
Conferences income				6,204	176,941
Camps income				285	107,376
Other ministries				8,554	33,574
				204,825	710,446

CHARITABLE ACTIVITIES COSTS
	Direct costs	Support costs	Totals
		(See note 7)
		F
Bookshops	210,575	19,551	230,126
Press and magazines	15,272	33,182	48,454
Conference centre	88,168	4,368	92,536
Conferences	1,863	37,547	39,410
Camps	2,288	41,888	44,176
Other ministries	2,686	31,626	34,312
	320,652	168,162	489,014

SUPPORT COSTS
			Governance
	Salaries	Other F	costs F	Totals f
Bookshops	9,407	9,557	587	19,551
Press and magazines	15,966	16,220	996	33,182
Conference centre	2,101	2,135	132	4,368
Conferences	18,066	18,354	1,127	37,547
Camps	20,155	20,475	1,258	41,888
Other ministries	15,217	15,459	950	31,626
	80,912	82,200	5,050	168,162

			Unrestricted	Restricted	Total funds
			funds	funds
			F
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		46,597	214,468	261,065
Charitable	activities
Bookshops			247,177		247,177
Press and	magazines		23,546		23,546
Conference	centre		121,832		121,832
Conferences			176,941		176,941
Camps			107,376		107,376
Other ministries			28,695	4,879	33,574
Investment	income		1,152		1,152
Total			753,316	219,347	972,663

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
		Unrestricted	Restricted	Total funds
		funds	funds
EXPENDITURE ON
Charitable activities
Bookshops		210,168	76,241	286,409
Press and magazines		49,479		49,479
Conference centre		113,720		113,720
Conferences		211,138		211,138
Camps		151,181		151,181
Other ministries		49,922	3,992	53,914
Other		15,000		15,000
Total		800,608	80,233	880,841
NET INCOME/(EXPENDITURE)		(47,292)	139,114	91,822
Transfers between	funds	371,031	~371,031)
Net movement in funds		323,739	(231,917)	91,822
RECONCILIATION OF FUNDS
Total funds brought	forward
As previously reported		1,553,768	269,048	1,822,816
Prior year adjustment		30,707		30,707
As Restated		1,584,475	269,048	1,853,523
TOTAL FUNDS CARRIED FORWARD		1,908,214	37,131	1,945.345
TANGIBLE FIXEDASSETS
		Freehold
		property f	Equipment F	Totals F
COST
At 1 October 2019		1,448,292	48,871	1,497,163
Additions		11,604	2,131	13,735
At 30 September 2020		1,459,896	51,002	1,510,898
DEPRECIATION
At 1 October 2019			23,210	23,210
Charge for year			7,016	7,016
At 30 September 2020			30,226	30,226
NET BOOK VALUE
At 30September 2020		1,459,896	20,776	1,480,672
At 30September 2019		1,448,292	25,661	1,473,953

12.	STOCKS
												2020	2019
	Stocks											139,848	150,296
13.	DEBTORS:AMOUNTS				FALLING DUE WITHIN			ONE YEAR
												2020	2019
													f
	Trade debtors											1,253	7,702
	Other debtors											5,139	15,219
	VAT												12,840
	Prepayments	and accrued				income						60,437	50,085
												66,829	85,846
14.	CREDITORS:		AMOUNTS			FALLING	DUE WITHIN ONE YEAR
												2020	2019
												E
	Trade creditors											7,652	78,408
	Social security		and other		taxes							2,396	2,309
	VAT											30,298
	Other creditors											2,653	4,728
	Accruals and	deferred		income								56,721	88,618
												99,720	174,063
	Included within		accruals		and deferred		income above is the		following	deferred	income:
												2020	2019
												F
	Camps											20,103	1,296
	The deferred	income		relates to income received				in advance	ofservice delivery.
15.	LEASING AGREEMENTS
	Minimum lease		payments			under non-cancellable		operating	leases fall due as		follows:
												2020	2019
													F
	Within one year											24,112	6,416
	Between one	and five		years								8,886
												32,998	6,416

						Net movement	Transfers
					At 1/10/19	in funds	between funds	At 30/9/20
						E	F
Unrestricted funds
General fund					204,340	(56,154)	26,077	174,263
Stock fund					150,296		(10,448)	139,848
Capital asset fund BYG Designated	Development		fund		1,473,953 79,625	~3,405)	6,720 ~10,279)	1,480,673 65,941
					1,908,214	(59,559)	12,070	1,860,725
Restricted funds
BYG Development	fund					12,070	(12,070)
Auntie Bessie Camp Support			fund		12,350	4,580		16,930
JE Davies flowers	fund				12,734	1,800		14,534
Llwybrau fund					7,168	(3,670)		3,498
Shows and Fairs	Evangelism				4879			4,879
					37,131	14,780	(12,070)	39,841
TOTAL FUNDS
Net movement in	funds,	included		in the above are as follows:
						Incoming	Resources	Movement in
						resources	expended	funds
						F		F
Unrestricted funds
General fund BYG Designated	Development		fund			279,926	(336,080) ~3,405)	(56,154) ~3,405)
						279,926	(339,485)	(59,559)
Restricted funds
Specific donations						145,859	(145,859)
BYG Development	fund					12,070		12,070
Auntie Bessie Camp Support			fund			4,580		4,580
JEDavies flowers Llwybrau fund	fund					1,800	~3.670)	1,800 ~3,670)
						164,309	(149,529)	14,780
TOTAL FUNDS						444,235	~489,014)	~44,779)

Comparatives for	Comparatives for	movement	movement	in	funds	funds
							Prior year	Net movement	Transfers
					At	1/10/18	adjustment	in funds f	between funds f	At 30/9/1 9 f
Unrestricted Funds
General fund						243,658	30,707	(30,598)	(39,427)	204,340
Stock fund						153,427			(3,131)	150,296
Capital asset fund						869,410		(15,000)	619,543	1,473,953
BYG Designated Development fund						287,273		~1,694)	~205.954)	79,625
					1,553,768		30,707	(47,292)	371,031	1,908,214
Restricted Funds
BYG Development		fund				241,394		129,637	(371,031)
Auntie Bessie Camp Support
fund						6,620		5,730		12,350
JEDavies flowers	fund					12,122		612		12,734
Llwybrau fund						8,912		(1,744)		7,168
Shows and Fairs	Evangelism							4,879		4,879
						269,048		139,114	(371,031)	37,131
TOTAL FUNDS					1,822,816		30,707	91,822		1,945,345
Comparative net movement			in	funds,		included	in the above are	as follows:
								Incoming	Resources	Movement in
								resources f	expended	funds f
Unrestricted funds
General fund								753,316	(783,914)	(30,598)
BYG Designated Capital asset fund	Development			fund					(1,694) ~15.000)	(1,694) ~15.000)
								753,316	(800,608)	(47,292)
Restricted funds
Specific donations								76,241	(76,241)
BYG Development		fund						129,637		129,637
Auntie Bessie Camp Support			fund					6,790	(1,060)	5,730
JE Davies flowers	fund							1,800	(1,188)	612
Shows and Fairs Llwybrau fund	Evangelism							4,879	~1,744)	4,879 ~1,744)
								219,347	(80,233)	139,114
TOTAL FUNDS								972.663	)880.841)	91,822

di	sclosed in note 8:
			2020	2019
			f	F
P	Swann	Preaching		468
A	Pitt	Preaching		210
M	Thomas	Preaching		75
M	Francis	Preaching		50
R	Murphy	Preaching		84
S	Jones	Preaching		118