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2020-08-31-accounts

Page
Report ofthe Trustees 1 to 6
Report ofthe Independent Auditors 7 to 8
Statement ofFinancial Activities
Balance Sheet 10
Cash Flow Statement
Notes to the Financial Statements 12 to 17

Greenho use
Gas E		 mi ssions,
Energy		 Consumption
&Energy		 Efficiency
Carbon
Tonnes KwH
Quantity ofemissions in tonnes ofcarbon dioxide equivalent
resulting fium activities for which the company isresponsible 8,377
Quantity ofenergy consumed
resulting		 from activities for
which the company is responsible 31,130,177

for tbe Year Ended 31stAugust 2 020
2020 2019
Unrestricted Total
fund funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 104,413,082 6,655,946
EXPENDITURE ON
Charitable
activities
Providing
places ofworship		 188,971 118,314
Assisting
congregations		 3,821,819 1,866,188
Total 4,010,790 1,984,502
NET INCOME 100,402,292 4,671,444
RECONCILIATION OF FUNDS
Total funds brought forward 9,591,449 4,920,005
TOTAL FUNDS CARRIED FORWARD 199993741 9391449

Balance Sheet
31stAugust 2020
2020 2019
Unrestricted Total
Notes fundf fundsf
FIXEDASSETS
Tangible assets 102,955,033 9,728,764
Social investments 445 705 44
05
103,400,738 10,174,469
CURRENT ASSETS
Debtors 226,143 65,152
Cash at bank 6609 541 1 032420
6,835,684 1,097,572
CREDITORS
Amounts
falling due within one year		 10 (242,681) (1,680,592)
NET CURRENT ASSETS 6593.003 ~563.0207
TOTAL ASSETSLESSCURRENT LIABILITIES 109,993,741 9,591,449
NET ASSETS 109993741 9591449
FUNDS
Unrestricted
funds		 09.993.7 959 449
TOTAL FUNDS 109993741 9591449

Notes 2020f 2019
f
Cash flows from operating
activities
Cash generated
&om operations		 13 8,100,881 2573.966
Net cash provided by operating
activities		 8,100,881 2,573,986
Cash flows from investing activities
Purchase oftangible fixed assets
Purchase ofsocial investments		 (2,523,760) (1,099,212)
~445,705
Net cash used in investing activities ~2523.760) ~)5
917)
Change in cash and cash equivalents in tbe
reporting
period		 5,577,121 1,029,069
Cash and cash equivaleats at the begianing of
the reporting
period		 1,032,420 3,351
Cash and cash equivalents at the end ofthe
reporting
period		 6,609,541 1 032 420

DONATIONS
AND LEGACIES
2020
f		 2019f
Donated Assets 90,848,887 3,804,000
Donations 12,801,315 2,537,693
Gift aid 762 880 314,253
104413082 6655946

Support
Direct costs (see
Costs
f		 note 4) Totals
Providing places ofworship 147,878 41,093 188,971
Assisting congregations ~3789395 32,424 3,821,819
3,937,273 ~73517 ~4010790
4. SUPPORT COSTS
Governance
Management
f.		 Finance
f		 costs
f		 Totals
f
Providing places ofworship 253 14,497 26,343 41,093
Assisting congregations 253 17,828 ~14343 32,424
506 32,325 ~40686 ~73517

2020 2019f
Auditors' remuneration 27,006 20,879
Depreciation —owned assets ~146378 ~93622

TANC0IBLK FlXKD ASSETS
Freehold
pmp arty
f
COST
At 1stSeptember 2019 9,994,187
Additions 93.372 647
At 31st August 2020 103,366,834
DEPRECIATION
At 1st September 2019 265,423
Charge for year 146378
At 31stAugust 2020 411801
NKT BOOKVALUE
At 31stAugust 2020 102,955,033
At 31stAugust 2019 9720704
SOCIAL INVESTMENTS
Programme
related
investments
equity
MARKET VALUE
At 1stSeptember 2019and 31stAugust 2020 445 705
NET BOOK VALUE
At 31stAugust 2020 445 705
At 31stAugust 2019 45 7115

for th e Year Ended 31stAugust 2020 31stAugust 2020 31stAugust 2020 31stAugust 2020
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
f		 2019
f
Other debtors ~226 143 65,152
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
Trade creditors 1,820 138
Other creditors 215,661 1,669,054
Accrued expenses 25,200 11,400
~242 681 ~1680592
11. MOVEMENT IN FUNDS
Net
movement At
At 1.9.19 in funds 31.8.20
f f. f
Unrestricted funds
General fund 9,591,449 100,402492 109,993,741
TOTALFUNDS 9. 91449 100402292 109993741
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
Icsoufccs
f		 cxpcnded in funds
Unrestricted funds
General fund 104,413,082 (4,010,790) 100,402,292
TOTAL FUNDS 104413082 ~ll 1179tl) t)04tl2 292
Comparatives for movement in funds
Net
movement At
At 1.9.18 in funds 31.8.19
f
Unrestricted funds
General fund 4,920,005 4,671,444 9,591,449
TOTAL FUNDS ~4920005 ~4671 444 9,591,449

Incoming Resources Movement
fcsoufccs
f		 expended in funds
f
Unrestricted funds
General fund 6,655,946 (1,984,502) 4,671,444
TOTAL FUNDS ~6655,946 ~1,984502) ~4,671444
A current year 12months and prior year 12months combined position is as follows:
Net
movement At
At 1.9.18 in funds 31.8.20
Unrestricted funds
General fund 4,920,005 105,073,736 109,993,741
TOTALFUNDS 4 920005 105073 736 109993 7
1
A current year 12months and prior year 12months combined net movement in funds, included in the above are as follows:
Incoming Resources Movement
fcsourccs
f		 expended
f		 in funds
f
Unrestricted funds
General fund 111,069,028 (5,995,292) 105,073,736
TOTALFUNDS lll 069023 ~5995292 105073 736

RECONCILIATIO N
OF NE		 T INCOME TO NET CASH FLOW FROM OP ERATING ACTIVITIES
2020 2019
Net income for the reporting period (as per the Statement ofFinancial
Activities) 100,402,292 4,671,444
Adjustments
for:
Depreciation
charges		 146,378 93,622
Donated Assets
Increase in debtors
(Decrease)/increase		 in creditors (90,848,887)
(160,991)
~3.977		 (3,804,000)
(65,152)
1,678,072
Net cash provided by operations 8,100,881 2,573,986

At 1.9.19 Cash flow At 31.8.20
f f
Net cash
Cash at bank 1,032,420 ~5577,121 ~6609541
~1032420 ~5577 121 6,609,541
Total 1,032,420 5,577,121 ~6609541
15. FINANCIAL INSTRUMENTS
2020 2019
Debt instruments
at cost
Other debtors 226
43		 65 352
Total 226,143 65,152
Financial Liabilities at cost
Trade creditors 1,820 138
Other creditors 215,661 1,669,054
Accrued expenses 25,200 11,400
Total 242,681 2 666 592