2020-12-31-accounts

1-5		Trustees Report
		Statement ofFinancial	Activities
		Balance Sheet
		Statement ofCash Flows
9-15		Notes to the Financial	Statements
16		Independent Examiners	report
Trustees		Rev D Watkins —Chairman
		Mrs Marilyn Paterson	- Vice Chairperson
		Mrs Patricia Dent
Trust' s Addre, ss		Adelaide College
		3Nineyard Street
		Saltcoats
		Ayrshire
		KA21 5HS
Charity Numbers		SC039961(Scotland)
		SC240168 (England XWales)
Independent	Examiner	Bruce Fairgrieve BSc,CA (ICAS)
		Chartered Accountant
		32a Hamilton Street
		Saltcoats
		Ayr shire
		KA21 5DS
Bankers		Bank ofScotland
		57Dockhead Street
		Saltcoats
		Ayrshire
		KA21 5EY

FOR THE YEAR TO 31	DECEMBER 2020
					Total	Total
			Unrestricted	Restricted	Funds	Funds
		Note	Funds	Funds	2020	2019
Income and endowments	from:-
Donations General Conference Trading Income Investment Income			68,978 10,969 1,674 41		68,978 10,969 1,674 41	95,294 2,417 12,014
Total			81,662		81,662	109,725
Charitable Expenditure Trading Expenditure Management A, Administration		4a 4d 4b	55,288 25,150 1,471		55,288 25,150 1,471	54,454 26,731 1,302
Total			81,909		81,909	82,487
Interest payable			1,746		1,746	2,482
Total ex enditure			83,655		83,655	84,969
Net income/ ex enditure and net movement in funds before ains and losses on investments			(1,993)		(1,993)	24,757
Net income/ ex enditure			(1,993)		(1,993)	24,757
Transfers between funds
Net Movement in funds			(1,993)		(1,993)	24,757
Funds Reconciliation Total Funds brought forward			552,087		552,087	527,330
Total Funds brou ht carried forward			550,094		550,094	552,087

									Total	Total
							Unrestricted	Restricted	Funds	Funds
							Funds	Funds	2020	2019
Fixed Assets
Tangible Assets							632,221		632,221	631,313
Total Fixed Assets							632,221		632,221	631,313
Current Assets
Stock							289		289	350
Debtors							2,061		2,061	2,752
Cash at bank and	in hand						1,418		1,418	2,914
Total Current Assets							3,768		3,768	6,016
Liabilities
Creditors fallin	due	within one			ear		30,890		30,890	33,789
Net Current Assets/		Liabilities					(27,122)		(27,122)	(27,773)
Total Assets less	current		assets				605,099		605,099	603,540
Creditors: Amounts		flin	due	after more than
~one ear							55,005		55,005	51,453
Net Assets							550,094		550,094	552,087
The funds ofthe	chari					10
Revaluation Reserve							210,812		210,812	210,812
Unrestricted income		funds					339,282		339,282	341,275
Total chari funds							550,094		550,094	552,087
Approved by the	Tru		es	30	September 2021	and signed	on their behalf by
						Trustee	...Cab&~~....~.;.M&4...,..			Trustee
Marilyn Paterson							Patricia Dent

									Total	Prior
									Funds	Year
									2020	2019
Net cash enerated b		o	eratin		activities			16	5,338	5,746
Cash	flows from investments			activities
Interest and dividends									41
Purchase offurniture		and	equipment						(3,095)	(694)
Proceeds from sale ofinvestments
N~et cash tovided b		investin		activities					(3,054)	(694)
Chan	e in cash and cash		e uivalents			in the	ear		2,284	5,052
Cash	and cash equivalent		brought		forward				(15,188)	(20,240)
Cash	and cash e uivalent)		carried forward						(12,904)	(15,188)
~Bein:-
Cash	at Bank								1,418	2,914
Bank	Overdraft								(1,306)	(999)
Bank	Term Loan								(13,016)	(17,103)
									(12,904)	(15,188)

4	Sofa Anal sis ofResources ex	ended
4a	Charitable Ex enditure		2020	2019
	College Food		457	827
	Car &Travel		1,638	2,772
	Stationery &Advertising		4,240	2,932
	Insurance		5,300	5,965
	Building repairs		10,394	10,352
	Postage &Telephone		2,849	3,662
	Heat &Light		19,369	12,650
	Rent &Rates		1,646	2,596
	Repairs &Maintenance		1,646	1,495
	Cleaning		2,508	3,221
	Car Leasing		5,241	5,425
	Stakeholder Pension			355
	Wages			2,202
			55,288	54,454
4b	Mana ement &Administration	Ex enditure	2020	2019
	Insurance		113	127
	Depreciation.		589	489
	Buildings		222	221
	Heat& Light		414	308
	Rent &Rates		43	56
	Repairs &Maintenance		36	32
	Cleaning		54	69
			1,471	1,302

d	Gross Ex enditure on Tradin Activities
				2020		2019
	Purchases —Bookshop				79
	Purchases —Conference				8,861	7,775
	Purchases —Printshop			2,115		1,653
	Purchases —Wholesale				39
	Depreciation				1,598	1,043
	Heat k Light Rent 2Rates				1,653 173	1,228 224
	Postage 4 Telephone Car2 Travel				784 5,039	730 7,621
	Repairs &Buildings				887	883
	Insurance				452	509
	Sundry				139	274
	Cleaning Repairs 4 Maintenance				214 122	128
	Lease ofcomputer				2,195	3,863
	Accountancy				800	800
				25,150		26,731
	Governance Costs			2020		2019
	Independent Examiner			800		800
5	Anal sis ofstaff costs and remuneration	ofke	mana	ement	ersonnel
				2020		2019
	Salaries and wages					2,202
	Pension Costs					355
	Total					2,557

7	Tan ible Fixed Assets
			Fixtures	Motor
		Property	F~ittin s	Vehicles	Total
	Cost
	As at 1 December 2020	625,000	247,712	1,930	874,642
	Additions		3,095		3,095
	As at 31December 2020	625,000	250,807	1,930	877,737
	As at 1 December 2020		241,780	1,549	243,329
	Charge for the year		1,806	381	2,187
	As at 31December 2020		243,586	1,930	245,516
	Net BookValue
	As at 31December 2020	625,000	7,221		632,221
	As at 31December 2019	625,000	5,932	381	631,313
8	Anal sis ofcurrent assets			2020	2019
	Stock			289	350
	Other Debtor - Gift Aid			911	1,031
	VAT			771	724
	Prepayments and accrued	income		379	997
	Cash at bank			1,418	2,914
	Total			3,768	6,016

9 Anal sis ofcurrent liabilities	9 Anal sis ofcurrent liabilities	9 Anal sis ofcurrent liabilities	9 Anal sis ofcurrent liabilities	and ion	term creditors	term creditors	term creditors	2020		2019
Creditors under	1	Year
Bank overdraft								1,306		999
Trade Creditors								10,651		10,999
Accruals								5,855		1,172
Bank term Loan								4,584		4,584
Supporters Loan								3,561		13,635
Energy Saving Loan								4,000		2,400
Shire Leasing								933
Total								30,890		33,789
All creditors in 2020			and 2019relate		to unrestricted		funds
Creditors over 1		ear	includin	rovisions				2020		2019
Bank Term Loan								8,434		12,520
Supporters Loan								39,835		31,261
Shire Leasing								1,865
Energy Saving Loan								4,871		7,672
Total								55,005		51,453
10Anal sis ofcharitable			funds
									Gains
Analysis of			Balance						and	Fund
Fund			B/Fwd		Income	~Ex endirure		Transfers	Losses	C/Fwd
Movements
Unrestricted Funds			552,087		81,662		(83,655)			550,094

11	Reconciliation ofnet movement	in	funds to net	cash flow
	from o eratin activities
					2020	2019
	Net movement in funnels				(1,993)	24,757
	Add back deprecation charge				2,187	1,611
	Deducted interest income showing		in investing	activities	(41)
	Decrease /(Increase) inventory				61	133
	Decrease/(Increase) in debtors				691	572
	Increase/(Decrease) in creditors				4,433	(21,327)
	Net cash enerated b o eratin	activities			5,338	5,746