## |Contents|||| |---|---|---|---| ||||Page| |Legal and Administrative
Information|||| |Council Members'|Report||2-9| |Independent
Auditor's
Report|||10-12| |Statement
of Financial Activities|||13| |Balance Sheet|||14| |Statement ofCash|Flows||15| |Notes forming part|ofthe financial statements||16-25| |The following pages do not form part ofthe statutory||financial statements|| |Detailed Statement|of Financial Activities||26-27| |Bookshop Trading|and Profit and Loss Account||28| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Notes|Unrestricted|Restricted|Endowment|2021|2020| |---|---|---|---|---|---|---|---| ||||funds|funds|funds||| |||||f|f.||| |income|||||||| |Donations
and legacies|||22,462|374||22,836|21,434| |Charitable
activities:|||||||| |Bookshop|||20,771|||20,771|38,792| |Magazine|||3,126|||3,126|4,633| |investments|||103,726|||103,726|114,265| |Total income|||150,085|374||150,459|179,124| |Expenditure|||||||| |Raising funds||3|54,592|||54,592|50,141| |Charitable
activities||4|145,527|1,163||146,690|167,454| |Total expenditure|||200,119|1,163||201,282|217,595| |Net income/(expenditure)|||||||| |before net gains/(losses)|||||||| |on investments|||(50,034)|(789)||(50,823)|(38,471)| |Net gains/(losses)
on|||||||| |investments||11|25,402|||25,402|115,075| |Net income/(expenditure)|||(24,632)|(789)||(25,421)|76,604| |Other recognised gains/(losses)|||||||| |Net movement
in funds|||(24,632)|(789)||(25,421)|76,604| |Total funds brought|forward||3,200,482|14,204|7,500|3,222,186|3,145,582| |Total funds carried forward|||3,175,850|13,415|7,500|3,196,765|3,222,186| ## ||||Notes|2021|2020| |---|---|---|---|---|---| |||||f|E| |Fixed assets|||||| |Tangible assets|||9|1,348,517|1,361,586| |Investments|||10|2,222,759|2,215,517| |||||3,571,276|3,577,103| |Current assets|||||| |Stock
Debtors
Investments
Cash at bank and|in|hand|12|50,301
7,448
8,670
31,872|51,314
11,253
8,548
39,818| |||||98,291|110,933| |Current liabilities|||||| |Creditors: Amounts||falling due|||| |within one year|||13|(32,939)|(30,305)| |Net current assets||||65,352|80,628| |Total assets less current liabilities||||3,636,628|3,657,731| |Creditors: Amounts||falling due|||| |after more than|one year||14|(439,863)|(435,545)| |Total net assets||||3,196,765|3,222,186| |Funds|||||| |Unrestricted
funds
Restricted funds|||15
16|3,175,850
13,415|3,200,482
14,204| |Endowment
funds|||17|7,500|7,500| |Total funds carried||forward|18|3,196,765|3,222,186| ## ## |||Notes|2021|2020| |---|---|---|---|---| ||||6|| |Net cash (utilised
in) operating
activities||21|(130,091)|(134,582)| |Cash flows from investing activities||||| |Interest received|||100|58| |Dividends
received
Rental income
(Purchase) oftangible
fixed assets
Sale/(purchase)
of listed investments|||3,910
99,716
(3,937)
18,160|4,443
109,764
(100)| |Net cash flows from investing
activities|||117,949|114,165| |Cash flows from financing activities||||| |Bank loans raised|||4,318|| |Net cash flows from financing
activities|||4,318|| |Net (decrease) in cash and cash equivalents|||(7,824)|(20,417)| |Cash and cash equivalents
at beginning|ofyear||48,366|68,783| |Cash and cash equivalents
at end ofyear|||40,542|48,366| |Reconciliation to cash at bank and in hand||||| |Cash at bank and
in hand|||31,872|39,818| |Cash equivalents|||8,670|8,548| |Cash and cash equivalents|||40,542|48,366| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2. Investment|income||||| |---|---|---|---|---|---| |||||2021|2020| |||||f|f| |Rental income||||99,716|109,764| |Dividend
income
Interest receivable||||3,910
100|4,443
58| |||||103,726|114,265| |3. Cost ofraising funds|||||| |||Direct|Support||| |||Costs
f|costs|2021
f|2020
f| |Cost of raising|funds|44,506|10,086|54,592|50,141| |4. Charitable|activities||||| |||Activities|||| |||undertaken|Support||| |||directly|costs|2021|2020| ||||f|f|f| |Bookshop||14,707|72,581|87,288|102,686| |Publications||11,149|17,095|28,244|30,975| |Wickliffe Preachers
Other including
advertising||17,879|11,529|29,408|32,504| |and conferences||1,750||1,750|1,289| |||45,485|101,205|146,690|167,454| ## |5. Support|costs||||| |---|---|---|---|---|---| |||Charitable|Raising||| |||activities|funds|2021|2020| |||f|f|f|f| |Staff costs||63,257|7,029|70,286|70,920| |Property costs||6,052||6,052|17,667| |Office running||4,032|327|4,359|3,467| |Governance
Other|costs|4,882
22,982|396
2,334|5,278
25,316|5,440
25,411| |||101,205|10,086|111,291|122,905| ## ## ## |The major components|The major components|The major components|ofgovernance|ofgovernance|costs|are:||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||6|6| |Legal and professional||fees||||||| |Audit fees
Non-audit
remuneration|||paid|to auditors:|||3,787|3,694| |Accountancy
fees|||||||874|854| |Other costs|||||||617|892| ||||||||5,278|5,440| |7. Staff numbers|and||costs|||||| ||||||||2021|2020| ||||||||6|| |Wages and salaries
Employer's
national
Pension costs|insurance|||costs|||76,740
2,235
7,196|75,792
3,185
7,389| ||||||||86,171|86,366| |The average monthly||number||ofemployees||was:||| ||||||||2021|2020| ||||||||Number|Number| |Administration
and|bookshop|||||||| |Wickliffe Preachers|and||Time Travellers||Club|||| ## ## ## ||Land and|Equipment|Total| |---|---|---|---| ||buildings|fixtures and|| |||fittings|| |||E|| |Cost or valuation|||| |At 1April 2020
Additions
Oisposals|1,425,000|1,050
3,937|1,426,050
3,937| |At 31March 2021|1,425,000|4,987|1,429,987| |Depreciation|||| |At 1April 2020
Charge for the year|64,044
16,011|420
995|64,464
17,006| |On disposals|||| |At 31March 2021|80,055|1,415|81,470| |Net book value|||| |At 31March 2021|1,344,945|3,572|1,348,517| |At 31March 2020|1,360,956|630|1,361,586| ||||2021|2020| |---|---|---|---|---| ||||E|E| |Long-term|leasehold|premises|1,344,945|1,360,956| ## ## |a) Investment
properties|||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||2021|2020| |||||||||f|f| |Market value at 1April 2020
Additions,
at cost||||||||2,080,000|1,950,000| |Disposals, at opening market|value||||||||| |Net gain on revaluation|||||||||130,000| |Market value at 31March 2021||||||||2,080,000|2,080,000| |The society's investment
properties
were
knowledge
ofthe properties
and market
investment
properties
at 31March 2021|||valued
by the Council
information
available
was f1710519(2020||||Members at 31March
on public websites. The
-f1710519).||2021based upo
historical cost o| |b) Listed investments|||||||||| |||||||||2021|2020| |||||||||f|f| |Market value at 1April 2020||||||||135,517|150,342| |Additions,
at cost|||||||||100| |Disposals, at opening market|value|||||||(12,696)|| |Net gain/(loss)
on revaluation||||||||19,938|(14,925)| |Market value at 31March 2021||||||||142,759|135,517| |Historical cost at 31March 2021||||||||125,216|145,697| |Total fixed asset investments,|at market||value|||||2,222,759|2,215,517| |11.Gains and losses on revaluations|||and disposals of investment|||||assets|| |||||||||2021|2020| |||||||||f|f| |Net gain/(loss)
on revaluation|of investment|||properties||(note 10a)|||130,000| |Net gain/(loss)
on revaluation|of listed investments||||(note 10b)|||19,938|(14,925)| |Net gain on disposal of listed|investments|||||||5,464|| |||||||||25,402|115,075| ## ## ## ||||2021|2020| |---|---|---|---|---| ||||f|f| |Trade debtors|||221|204| |Prepayments
and accrued
Other debtors||income|1,887
5,340|2,244
8,805| ||||7,448|11,253| |13. Creditors: amounts||falling due within one year||| ||||2021|2020| ||||6|6| |Trade creditors|||1,387|6,198| |Accruals and deferred
Other creditors|income||27,710
2,423|24,107| |Taxation and social security|||1,419|| ||||32,939|30,305| |14. Creditors: amounts||falling due after more than one year||| ||||2021|2020| ||||s|6| |Bankloans|||439,863|435,545| ## ## ## |||Balance at|Incoming|Resources|Transfers|Balance at| |---|---|---|---|---|---|---| |||1Apr 2020
f|resources|expended
f|f|31Mar 2021
f| |Revaluation|reserve|||||| |(land and buildings)||1,322,957|||(15,564)|1,307,393| |Fair value reserve||||||| |(investments)||359,300|19,938||7,785|387,023| |General fund||1,518,225|155,549|(200,119)|7,779|1,481,434| |||3,200,482|175,487|(200,119)||3,175,850| |16. Restricted funds||||||| |||Balance at|Incoming|Resources|Transfers|Balance at| |||1Apr 2020
f|resources|expended
f||31Mar 2021| |Ladies' Union|ofWorkers|13,997|214|(1,163)||13,048| |Time Travellers
Club||207|160|||367| |||14,204|374|(1,163)||13,415| ## |||||Balance at|Incoming|Resources|Transfers|Balance at| |---|---|---|---|---|---|---|---|---| |||||1Apr 2020|resources|expended||31Mar 2021| |||||||f|f|f| |Bishop|Thompson|Memorial|Reserve|7,500||||7,500| ## ## ## ||Endowment|Unrestricted|Restricted|2021|2020| |---|---|---|---|---|---| ||funds|funds|funds||| ||6|6|f||| |Fund balances at 31March 2021|||||| |are represented
by:|||||| |Tangible fixed assets
Fixed asset investments
Net current assets
Creditors beyond one year|7,500|1,348,517
2,222,759
44,437
(439,863)|13,415|1,348,517
2,222,759
65,352
(439,863)|1,361,586
2,215,517
80,628
(435,545)| ||7,500|3,175,850|13,415|3,196,765|3,222,186| ## ## ## ## ## ## ## |||2021|2020| |---|---|---|---| |||6|E| |Net income/(expenditure)
Adjustment
for:||(25,421)|76,604| |Investment
income
Net gains/(losses)
on investments||(103,726)
(25,402)|(114,265)
(115,075)| |Deficit on Society's charitable
activities
Adjustment
for:||(154,549)|(152,736)| |Depreciation||17,006|16,221| |Operating
deficit before movement|in working capital|(137,543)|(136,515)| |Decrease
in stock
Decrease in debtors||1,013
3,805|2,162
6,420| |Increase/(decrease)
in creditors||2,634|(6,649)| |Cash (utilised
in) charitable operations||(130,091)|(134,582)| ##