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|||Page|
|---|---|---|
|Reference and Administrative|Information||
|Trustees'
Report|||
|Independent
Auditors'
Report|to the Trustees||
|Consolidated
Statement ofFinancial Activities||12|
|Charity Statement ofFinancial|Activities|13|
|Balance Sheet||14|
|Consolidated
Statement ofCash Flows||15|
|Notes to the Accounts||16|
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|||Unrestricted|Unrestricted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Total Funds|Total Funds|
|||Notes||||||
|Income and endowments|from:|||||||
|Donations
and legacies|||171,980|||181,271|133,914|
|Charitable
activities|||391443|||391.443|459,740|
|Other trading
activities|||3,719,266|||3.719,266|3,720,846|
|Investments||3|1,198,316||6 889|1.205,205|940.071|
|Other|||3,630,931|||3,630,931|3,915.401|
|Associate
—share ofnet profit|||911,644|||911,644|1,251,659|
|Joint venture - share ofnet|profit|||||||
|Total income|||10,023,580|9391|6,$S9|10,039,760|10,421,631|
|Expenditure
on:||||||||
|Raising funds||6|3,478,732||2.289|3.481,021|3,8?7.265|
|Charitable
activities||7|6,460,689|9,291|149|6470,129|6,036,391|
|Total expeuditure|||9+39,421|9~91|2,438|9+51,150|9+13,656|
|Net income and net movement||in funds||||||
|before gains and losses on hn estments|||84,159||4451|88,610|507 975|
|Yet gainsl posses) on investments|||7,642,174||76,150|7,718,324|2,691,195|
|Transfers between
funds|||33,466||(33,466)|||
|Net income (expenditure)|and|||||||
|net mm ement in funds|||7,759,799||47,135|7,806834|3.199,170|
|Reconciliation offunds:||||||||
|Total funds brought
forward|||75,845 944|1,951,571|7,887,023|85,684,538|82,485,368|
|Total funds canied forward|||83.605,743|i+51,571|7+34,158|93,491,472|85,684,538|
##
|Charity Statement of|Financial Activities|Financial Activities|||||
|---|---|---|---|---|---|---|
||Unrestricted||Restricted|Endowment|2021|2020|
|||Funds|Funds|Funds|Total Funds|Total Funds|
||Notes|f.|||||
|Income and endowmeuts|from:||||||
|Donations
and legacies||171,980|9.291||181271|133,914|
|Charitable
activities||406,265|||406,265|482,137|
|Investments|3|1,990,255||6.889|1,997.144|2541,608|
|Other||3,345,715|||3,345,715|3,663,544|
|Total income||5gl4gl5|9391|6,S89|5830,395|6,821303|
|Expenditure
on:|||||||
|Raising funds|6|301,590||2,289|303.879|246,065|
|Charitable
activities|7|6.520.416|9,291|149|6,529,856|6,080,538|
|Total expenditure||6,822,006|9/91|2,438|6,833,735|6/26,603|
|Ivet (expenditure)/mcome|aud uet movement
in funds||||||
|before gains and losses|on investments|(907,791)||4451|(903,340)|494,700|
|Net gains!(losses) on investments||7 642.174||76 150|7 718,324|2 691 195|
|Transfers between
funds||33.466||(33,466)|||
|Net income (expenditure)|and||||||
|net movement
in hmds||6,767,S49||47,135|6,814+84|3,185,S95|
|Reconciliation
offunds:|||||||
|Total funds brought
forward||64,816,691|1,951571|7 887,023|74,655,285|71.469.390|
|Total funds carried fonvard||71,584,540|i+51,571|7+34,158|81,470269|74,655385|
|(Held in connection
ivith th
A31"b2021|e religious conununity|ofBenedictine|Monks established at|StMary 's Abbey, Buck|fast, Devon)|fast, Devon)||
|---|---|---|---|---|---|---|---|
|s at Octoer|||||Charity Commission||Number 232497|
|Balance Sheet||||||||
||||Group|Group|Charity||Charity|
||||2021|20'IQ|2021||2020|
|||Notes||||||
|Fired assets:||||||||
|Tangible assets||11|23919.508|24.781,616|23.724.409||&7.495,937|
|Investments||12|47.476399|39305681|50,675,341||42 504623|
|Investments
in associate||||||||
|Share ofnet assets||14|14.627.566|13.975 121||||
|Investments
injoint|venture.|||||||
|Share ofnet assets||15|5,436.406|4,146,682||||
|Total fixed assets|||91,459,879|82~~09,100|74@99,75Q|67,000%60||
|Cunwnt assets:||||||||
|Stocks|||154~OS|198,776|23367|||
|Debtors||17|2.054203|3074 '711|3,513)89||4036,064|
|Investments||12|1,764,383|2,043 418||||
|Programme
related investment||1S|6,852,117|7,425 907|6,852,117||7425 907|
|Cash on short tenn deposit|||2.965462|2 559496|2,965.462||2a59496|
|Cash at bank and in hand|||321,892|272 351|172P00||15S,523|
|Total currant assets|||14.112~65|15,574,159|13l 7.433||14199234|
|Liabilities:||||||||
|Creditors
—Amounts|fatling due|||||||
|within one year||19|3518772|3286221|1/06 916||1044509|
|Net current assets|||10%94,093|12~$7/38|12320~19|13,154,725||
|Total assets less cun ent liabilities|||102,053+72|94,497,038|86,72Q +69|80,155 +85||
|Creditors - Amounts|falling due|||||||
|after more than one year||19|8.562 500|8 812,500|5/50.000|||
|Total net assets|||93,491,472|85,684,53S|81,470~69|74,655~~85||
|The funds ofthe charity:||||||||
|Endo~ment funds|||7.934.15S|7,887,023|7,934,158||7,887,023|
|Restricted income funds||22|1951.571|1@51.571|1.951,571||1951571|
|Unrestricted
income funds||22|68485 597|61717750|71584540||64,S16691|
|Non-charitable
trading funds||22|15.120 146|14128,194||||
|Total charity funds|||93,491.472|85,6S4~38|Sl,470 "69|74,655,2S5||
|Consolidated
Statement ofCash Flows|Consolidated
Statement ofCash Flows||||
|---|---|---|---|---|
||||2021|2020|
|||i%otes|||
|Cash flows from operating
activities:|||||
|Net cash provided
by operating
activities||24|1,226,811|767~45|
|Cash flows from investing
activities:|||||
|Dividends,
interest and rents from investments|||1 205 205|940.071|
|Proceeds from sale ofproperty,
plant 2|equipment||41 041|70 256|
|Proceeds from sale ofinvestments|||15,125,678|26,00?,135|
|Purchase ofproperty
plant k equipment|||(1 128,258)|(1,670.118)|
|Purchase ofinvestments|||(15,299,036)|(29,468,90S)|
|Programme
related investment
loans|||573,790|(433,732)|
|Investment
injoint venture|||(1289,724)|67,072|
|Net cash (used in) investing
activities|||(771@04)|(4,488 &24)|
|Cash flows from financing
activities:|||||
|Cash inflows from new borrowing||||1,000,000|
|Payment ofloan|||||
|Net cash provided bv financing
activities||||1,000,000|
|Change in cash and cash equivalents|in the year||455,507|(2.720,879)|
|Cash and cash equivalents
at the beginning ofthe year|||2.831.847|5.552.726|
|Cash and cash equivalents
at the end|ofthe year|25|3~87+54|2,831,847|
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||||Group|Gt~up|Charih|Charity|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
|Unrestricted
funds|||||||
|Dividends
k, interest|—listed securities||682,998|546,413|682,998|546,413|
|Interest on cash deposits|||219|8.947|219|8,947|
|Other UK investments|||515.099|378,501|669,530|520,543|
|Dart Abbey Enterprises||Ltd giff aid P.rent|||637,508|1459,495|
||||1 198,316|933,861|1,990,255|2,535398|
|Endomnent
funds|||||||
|Dividends k interest|—listed securities||6,889|6,210|6,889|6.210|
|Total|||1 205,205|940,071|1,997,144|2,541,60S|
##
##
|||||||Trust for|Unapplied|Total|
|---|---|---|---|---|---|---|---|---|
|||||||Investment|Total Return|Endomuent|
|The investment|fund and|application oftotal return to|||||||
|permanent
endowment
funds:|||||||||
|At 1November|2020||||||||
|Gift component|ofpermanent||endowment|||100.000||100,000|
|Unapplied
total|return||||||170,460|170,460|
|Total||||||100000|1?0.460|270460|
|Movements
in|unapplied|total return||and endomnent||in the vear:|||
|Investment
return
dividends|||and interest||||6 559|6,559|
|Investment
return: recognised|||and unrecognised||gainst'(losses)||72,505|72,505|
|Investment
management||cost=|||||(2,179)|(2,179)|
|Net movement|in the year||||||76 885|76,885|
|At 31October|2021||||||||
|Gift component|ofpermanent||endowment|||100.000||100,000|
|Unapplied
total|return||||||247,345|247 345|
|Total||||||100,000|247,345|347,345|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
||Turnover|||3,906,423|3.839,666|
||Cost ofsales|||(384,508)|(552,163)|
||Gross profit|||3,521,915|3287.503|
||Operating
expenses|||(2,965,468)|(3,194,878)|
||Other income|||285,216|25I.757|
||Interest receivable|||276,107|244,632|
||Interest payable|||(112,883)|(124,695)|
||Xiet profit before taxation|||1,004,887|464,319|
||Taxation|||||
||Net profit after taxation|||1,004.887|464,319|
||Gift Aid to The Buckfast Abbey Trust|||(494 042)|(1316,029)|
||Retained in Subsidiary|||510845|(851.710)|
||Costs ofRaising Funds: Cost ofGoods Sold and Other Costs|||||
|||Group|Group|Charity|Charity|
|||2021|2020|2021|2020|
|Unrestticted
funds||||||
|Trading
subsidiary:||||||
||Cost ofsales|292,461|474,037|||
||Staff costs|1,757,967|1,943,862|||
||Depreciation|193761|230,582|||
||Other costs|932953|982,719|||
|Investment
management||301,590|244 052|301.590|244,052|
|||3,478,732|3,875,252|301 590|244,052|
|Endome ent funds||||||
|Investment
management||2,289|2,013||2,013|
|Total||3.481,021|3.877.265|303 879|246.065|
##
##
|Group|||Direct|Support|||
|---|---|---|---|---|---|---|
||||activitie|costs|2021|2020|
|Unrestricted
funds|||||||
|Retreat centre 4 guesthouse|||21,911|2,386|24,297|57,112|
|Educational
activities
Parish k ministry
support|||99,793
901,336|8,316
75,033|108,109
976,369|136,654
1.108.772|
|Building and ground|maintenance||4,397035|365,634|4.762.669|4,141,329|
|Charitable
giving|||81,528|6,735|88,263|159,584|
|Religious
community|support||460,826|40,156|500.982|418.790|
||||5,962,429|498,260|6,460,689|6,022,241|
|Restricted
and endowment||funds|||||
|Parish 8 ministry
support|||||9.440|14,150|
|Total|||5,971,869|498.260|6,470,129|6.036,391|
|Charity|||Direct|Support|Total|Total|
||||acthities|costs|2021|2020|
||||f.||||
|Unrestricted
funds|||||||
|Retreat centre k guesthouse|||28 S76|2,386|31,262|64,669|
|Educational
activities
Partsh k mtntstry
support|||100,673
908,297|8,316
75,033|108,989
983,330|139,243
1 116,543|
|Building
and ground|maintenance||4,426.121|365,634|4,791 755|4.156,259|
|Charitable
giving|||81,528|6,735|88,263|159,584|
|Religious
community|support||476,661|40,156|516 817|430090|
||||6,022 156|49S,260|6,520,416|6,066,388|
|Restricted
and endomnent||funds|||||
|Parish k ministry
support|||9,440|||14,150|
|Total|||6,031 596|498,260|6 529 S56|6,080 538|
##
##
|8
Support Costs|||||
|---|---|---|---|---|
|||Other|Total|Total|
||Governance|costs|2021|2020|
|Of5ce wages and salaries|21.977|159637|181,614|166627|
|Bank interest and charges||222 109|222,109|237,351|
|Auditors
fees|19,600||19,600|16,080|
|Other office costs|9,067|65.870|74,937|114,745|
||50.644|447,616|498,260|534,803|
##
##
|10Staffcosts||||||
|---|---|---|---|---|---|
|||Group|Group|Chatity|Charity|
|||2021|2020|2021|2020|
|Wages and salaries||3,088,082|2,988.161|1,648 548|1,345,830|
|Social security costs||277,167|241,664|133,158|120,556|
|Defined contribution|pension contributions|309,873|386,710|135,450|206 287|
|||3,675,122|3 616,535|1,917,156|1 672,673|
|harity (and group) for the year was f163|,300(2020:f153,94|4).||||
|---|---|---|---|---|---|
||Group||Group|Chatity||
||2021||2020|2021|2020|
|The average number ofemployees||||||
|during
the year was:|125||119|59|52|
|The number ofemployees ofthe Group whose emoluments||amounted|to over 660000 in the year||was as|
|follows||||||
|f60,001 - f70 000|1|||||
|f,70,001 —f80,000||||||
|X90,001 - 1100,000||||||
|f100,001 - f110,000||||||
|f,110,001 - 1120000||||||
##
|Notes to the accounts
11Fixed assets —Tangible||||||
|---|---|---|---|---|---|
|Group|Buildings|||||
||erected on|Other||||
||permanent|functional||FhMres||
||endomnent|land and|Motor|fittings and||
||land|buildings|vehicles|equipment|Total|
|Cost||||||
|At 1November 2020|1S,QS9.OO4|24360.045|9259$1|6,486298|46.831328|
|A.dditions|572.506|345.145|146.016|64,591|1,128.258|
|Disposals|||(70.608)|(85 187)|(155795)|
|At 31October 2021|15,631,510|24 7Q5 190|1,001.389|6,465,702|47 803,791|
|Depreciation||||||
|At 1November 2020|7456,040|10444271|616182|3533219|22,049712|
|Charge foryear|605.972|836259|154,610|393,526|1,990e368|
|Eliminated
on dispesals|||(70,608)|(S5.188)|(155796)|
|At 31October 2021|S,062.012|11280.530|700 184|3,841557|23 884283|
|Net book amounts||||||
|At 31October 2021|7,569,49&|13,424 660|301205|2,624,145|23919508|
|At 31October 2020|7602r964|13915774|309,799|2,953079|24781616|
|Charity|Buildings|||||
||erected on|Other||||
||permanent|functional||Fixtures||
||endo' ent|land and|Motor|flttlRgs and||
||land|buildings|vehicles|equipment||
|Cost||||||
|At 1November 2020|15,059,004|24,360045|616,426|4~00 544|44r336,019|
|Additions|572506|345 145|43.0QO|59.424|1020Q75|
|Disposals|||(35,108)|(21251)|(56~59)|
|At 31October 2021|15631510|24.705,190|62431$|4338,717|45 ~99735|
|Depreciation||||||
|At 1November 2020|7,456040|10444271|404228|1335543|19,84Q,082|
|Charge foryear|605.972|$36259|89,272|260 100|1,791 603|
|Eliminated
on disposals|||(35,108)|(21,251)|(56~59)|
|At 31October 2021|S062 012|11280530|458~92|1,774392|21575~26|
|Net book amounts||||||
|At 31October 2021|7 569.498|13424,660|1659 6|2.564r325|23,724409|
|At 31October 2020|7 602 964|13,915,774|212,198|2 765,001|24,495,937|
##
##
|||||Group|Group|Charity|Chatity|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|Contracted but not provided||for|||178.599||178.599|
|Authorised
but not contracted||for||||||
|12 Investments||||||||
||||Group|Group|Charity|Charity||
||||2021|')080|2021|2020||
|A.t 1November
2020|||41»49.099|36,196,131|42,504,623|3S423 628||
|A.dditions|||15299,036|28468 90S|15 17S,071|26.900171||
|Dispo sais|||(15,125,67S)|(26,007 135)|(14.725,67S)|(25510»71)||
|Realised gains (losses) on investments|||2»27 937|2531,770|2»27,937|2531770||
|Revaluation|||5»90»88|159425|5»90»88|159,425||
|At 31October 2021|||49240 78
.|41»49,099|50,675»41|42,504,623||
|Analys ed between-||||||||
|Fixed asset investments|||47476»99|39»05,6S1|50,675»41|42 504,623||
|Current asset investments|||1,764»83|2,043418||||
||||49240 782|41»49.099|50,675,341|42,504,623||
|Analys ed between||||||||
|Listed investments|||37457 155|30.191.469|37457 155|30,191,469||
|Investment
in DAE Ltd|||||100.000|100,000||
|J Chandler
8t,Co.(Buckfast) Ltd (note 14}|||||3,09So42|3098,942||
|Programme
Related Investments|(note 18}||15,027,500|14877500|15,027 500|14,877500||
|Cash held as part ofinvestment|portfolio||2 103,027|1256252|2.103.027|1256252||
|Investment
properties||||||||
|Other investments|||1,76S»83|2,047418|4000|4,000||
|LO811|||(7,115283)|(7.023 540)|(71152S3)|(7 023 540)||
||||49240.7S2|41»49099|50675»41|42 504623||
##
##
||'2021|'7Q'OQ|
|---|---|---|
|Assets|9,427230|9.407,753|
|LiaMities|(S206,S19)|(S69S,IS!)|
|Funds|1 '720,411|709r566|
##
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##
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##
##
|||Group|Group|Charity|Charib-|
|---|---|---|---|---|---|
|||2021|2020|2Q21|'7QNQ|
|Due within one year||||||
|Trade debtors||51.24S|107.895|49 164||
|Amount
due from subsidiary||||2.5S2.962|3,143 974|
|Amount
due f'rom associate||823,617|1593.401|||
|Other debtors||87493|91603|56,119||
|Prepa5ments|and accnted income|732 765|785.74S|561747|543354|
|||1.695 123|2573.647|3749,992|3,737 734|
|Due after more than one year.||||||
|Prepayments|and accrued income|13,1S4|23775||14000|
|Other debtors||345,896|477289|256,597|284,830|
|||2054203|3,074211|3,513589|4.,036,064|
##
|are included
a|
t afair value of52m.|||
|---|---|---|---|
|||Concessions'||
|||Loans|Properh-|
|At 1tttovember|2020|7,425907|14,877,500|
|Advances 'additions|||150000|
|Interest||246210||
|Repayments
disposals||(820000)||
|At 31October|2021|6852.117|15027 500|
##
|19|Creditors||||||
|---|---|---|---|---|---|---|
||||Gxwup|Group|Charity|Charity|
||||~0"1|2020|2021|2020|
||Amounts|falling due within one year.|||||
||Bank loan||||||
||Trade. creditors||556210|570974|347763|402.868|
||Amount|due to subsidiary|||||
||Amount|due to associate|1.518526|1526,465|||
||Taxation|and social security|216955|348 101|||
||Other cre.ditors||1.053978|749264|687 050|550,224|
||Accruals||172603|91,417|172,603|91,417|
||||3518272|3286/21|1206.916|1,044509|
||Amounts|falling due after more than one year.-|||||
||Bank loans||8~12300|8312300|5.000.000|5.000.000|
||Other creditors||250 000||250.000|500000|
||||S 562s500|S812500|5 '750.000|5&00000|
##
##
||2021|
|---|---|
|Not later than one year|238,438|
|Later than one year and not later than five years|315,564|
|Later than five years|275 265|
||829,267|
##
##
##
##
||||Incoming||||
|---|---|---|---|---|---|---|
|||At|resources/||Transfers/|At|
|||1Norember|new|Expenditure/|Imestment|31October|
|||&0&0|designation|utilised|Gains|2021|
|Endo+ment funds:|||||||
|Buildings in PEFarea||7602.964|||(33,466)|7,569,498|
|StScholastica's Abbey|||||||
|Teignmouth||270,460|6,559|(2 1SO)|72 505|347344|
|lvtiss Stone's Trust||6,138|149|(198)|1,646|7,735|
|Warren-Vernon
Annuities||7,461|181|(60)|1999|9581|
|Total endowment
funds||7 887 023|6889|(2.43S)|42 684|7,934,158|
|Restricted funds:|||||||
|Contemplative
Nuns||1,951,451||||1,951,451|
|Other||120|9291|(9291)||120|
|Total restricted funds||1,951/71|9291|(9291)||1951571|
|Unrestricted
income funds:|||||||
|Designatttdfands:|||||||
|Community
support||21 156.773||(486,101)|8409566|29080238|
|Buildings
Er,plant||16892.973||(1 185 631)|447 569|16,154.911|
|iVIaintenance|||||||
|k,improvement||2,408,045||(3 082 005)|3487 970|2,S14010|
|Programme|||||||
|related investments||20503.407|||(423,791)|20,079616|
|Worhng
capital||756552|5090.545|(2 008 542)|(3,481.733)|356822|
|Total unrestricted|funds|61,717,750|5,090,545|(6.762279)|S,439 5&1|6S485,597|
|i%on charitable trading funds:|||||||
|Subsidiary
tS:joint venture||153,073|4280 591|(3,177,141)|(763,943)|492 580|
|Associate||13975 12.1|652.445|||14627 566|
|Total trading funds||14.128,194|4,933.036|(3.177,141)|(763943)|15 120,146|
|Total group funds||S5,684,53S|10.039,761|(9,951 149)|7 718@22|93,491,472|
##
##
|Analysis ofcha|ritable
fun|ds movements|—previous|year|||
|---|---|---|---|---|---|---|
||||Incoming||||
|||At|resources/||Tt~sfers/|At|
|||1November|net|Expenditure/|Investment|31October|
|||2019|designation|utilised|Gains|2020|
|Endowment
funds:|||||||
|Buildings in PEFarea||7236 5SS|||366~76|76Q2,964|
|StScholastica's Abbey|||||||
|Teignmouth||271,777|5,911|(1916)|(5,312)|270 460|
|iXiiss Stone's Trust||626Q|136|(136)|(122)|6138|
|Warren-X'ernon
Annuities||7.497|163|(53)|(146)|7.461|
|Total endowment
funds||7 5~&.122|6210|(2,105)|360.796|7.887.023|
|Restricted funds:|||||||
|Contemplative
Kiuns||1961,463||(10,012)||1,951,451|
|Other||1S5||(65)||120|
|Total restricted funds||1tt61,648||(10077)||1,951 571|
|Unrestricted
income funds:|||||||
|Designated fiutds:|||||||
|Community
support||20201972||(392262)|1,347,063|21,156,773|
|Buildings kplant||17S51,512||(1242.744)|584205|16S92973|
|Maintenance|||||||
|P improvement||2,706.497||(2229.932)|1,931,480|2,408,045|
|Programme|||||||
|related investments||17.42S624|||3,074.783|20503,407|
|Worhng capital||998073|5,629,S21|(2,405e336)|(3,466,006)|756552|
|Total unrestricted|funds|5S,886,67S|5,629,821|(6270274)|3,471,525|61.717,750|
|Non charitable trading funds:|||||||
|Subsidiary 8:joint|venture|1,164,657|3,760,742|(3 631 00)|(1,141126)|153073|
|Associate||12950263|1,024,858|—|—|13975,121|
|Total trading
funds||14,114,920|4 785600|(3,631200)|(1,141,126)|14,12S,194|
|Total group funds||82,485~68|10,421,631|(9913,656),691,195||85,684,538|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Tangible|Fixed|Other|Total|
|---|---|---|---|---|---|---|
||||Fixed|Asset|Net|Net|
||||Assets|Investments|Assets|Assets|
||||||f.||
|Community
support||||32,080,238|(3,000,000)|29,080,238|
|Buildings R plant|||16,154,911|||16,154.911|
|Maintenance k|||||||
|improvement|||||2,814,010|2,814,010|
|Programme|||||||
|related investments||||13,227,500|6,852,117|20,079.617|
|Working
capital||||4,000|352,820|356,820|
|Endowment|||7 569,498|364,661||7934,159|
|Restricted income||||1.800 000|151571|1,951,571|
|Associate||||14,627,566||14,627,566|
|Non-charitable|trading|kjoint venture|195,099|5,436,406|(5,138.925)|492.580|
|At 31October 2021|||23,919,508|67,540,371|2,031,593|93491,472|
|Previous year|||||||
||||Tangible|Fixed|Other|Total|
||||Fixed|Asset|Net|Net|
||||Assets|Investments|Assets|Assets|
||||f,||||
|Community
support
Buildings 4plant|||16,892,973|24.156.773|(3,000,000)|21.156,773
16S92,973|
|Maintenance k|||||||
|improvement|||||2,408,045|2,408,045|
|Programme|||||||
|related investments||||13,077,500|7425 908|20,503,408|
|Working
capital||||(12,651)|769,202|756,551|
|Endowment|||7,602 964|2S4,059||7 887,023|
|Restricted income||||1,800,000|151.571|1,951 571|
|Associate||||13,975 121||13,975,121|
|'Non-charitable|trading|&.joint venture|285,679|4 146,682|(4,279 288)|153,0?3|
|At 31 October|2020||24.781,616|5?.427,484|3,475,438|85,684 538|
##
##
|4
Reconciliatio|n
ofNet Income to Net Cash Inflow from Ope|rating
Activities||
|---|---|---|---|
|||2021|2020|
|||f.||
|Net movement|in group funds for the year|7,806,934|3,199,170|
|Depreciation||1,990,367|1,993,269|
|Net (gains) on|investments|(7,?18,324)|(2,691,195)|
|(Profit) on sale|oftangible
fixed assets|(41 042)|(7,889)|
|Associate share|of(profit)|(652444)|(1,024,858)|
|Dividends,
interest and rents f'rom investments||(1,205,205)|(940,071)|
|Decrease (Increase) in debtors||1,020,0Q7|3Q5,379|
|Decrease (increase) in stocks||44,467|111,885|
|(Decrease) increase in creditors||(17,949)|(178,345)|
|||1,226,811|767,345|
|||||2021|2020|
|---|---|---|---|---|---|
||||||f.|
|Cash|on|short|term deposit|2,965,462|2,559,496|
|Cash|at|bank|and in hand|321.892|272,351|
|||||3287.354|2,831,847|
##
||||||At Start of|Gash Flows|At End of|
|---|---|---|---|---|---|---|---|
||||||Year||Year|
|Cash|||||2,831 847|455 507|3,287,354|
|Loans|falhng|due|within|one year (refer to Note 12)|(7 Q23 540)|(91743)|(7,115,283)|
|Loans|falling|due|after|one year|(8312,500)||(8.312.500)|
||||||(12504 193)|363,764|(12,140.429)|
##
||||2021||2020||
|---|---|---|---|---|---|---|
|Income|||||||
|Charitable
activities||||72,149||47.108|
|Donations,
grants
and|legacies|||181,271||133.914|
|Royalties
and investments||||4.505 454||4.621.538|
|Dart Abbey Enterprises
Limited profit
Rents and property income
Insurance
and IRS claims||||494,042
477,582
199,897||1,316029
578,495
124219|
|||||5,930 395||6,821,303|
|Expenditure|||||||
|Activities direct costs|||44,563||92,647||
|Provisions|||95,232||94.593||
|iXfaintenance
and support|||51,191||153,619||
|Church
and sacristy|||61 600||66,797||
|Wages and salaries|||1,917 157||1,672,673||
|Water rates|||10,041||14,896||
|General rates and rent|||54 273||82453||
|Insurance|||93,015||102,983||
|Light and heat|||130,836||158,567||
|Repairs and maintenance|||1,115850||627,747||
|Cleaning,
clothing,
household||and laundry|79 729||100,182||
|Infirmary
Education
safeguarding,|health k safety||310312
70.196||246,278
55 729||
|iXiotor and travel|||31 718||24,060||
|Telephone
and postage|||15,492||24,639||
|Printing.
stationery
and|advertising||23,483||39,303||
|Professional|||451,270||407,952||
|Subscriptions|||?535||11,820||
|Charitable
donations|||80.247||148,855||
|Finance and bank charges|||222,109||237.351||
|Computer
and media studio|||191.889||191,5?6||
|Audit and accountancy|||19600||16,080||
|Depreciation|||1,755,561||1 754,798||
|Sundry
and biennium|expenses||736||1,005||
|||||6,833,735||6,326 603|
|Yet income for the financial||year||(903340)||494,700|