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