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|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||
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|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|
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||||||||||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||||
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||||||||||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)|
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|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|
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|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|
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|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|
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|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|
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