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2021-08-31-accounts

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

for the Y ear Ended 3 1stAugust 2021
2021 2020
Unrestricted Total
Notes fund
f		 funds
f
INCOME AND ENDOWMENTS FROM
Donations and legacies 133,228,025 104,413,082
EXPENDITURE ON
Charitable
activities
Pmviding places ofworship 1,727,892 188,971
Donations to other charities 21,150,000
Assisting congregations 4,438,517 3,821,819
Total 27,316,409 4,010,790
NET INCOME 105,911,616 100,402392
RECONCILIATION OF FUNDS
Total funds brought forward 109,993,741 9,591,449
TOTAL FUNDS CARRIED FORWARD ~275905 57 109995741
Balance Sheet
31stAugust 2021
2021 2020
Unrestricted Total
fund funds
Notes 8
FIXEDASSETS
Tangible assets 203,666,333 102,955,033
Social investments 445,705 445,705
204,112,038 103,400,738
CURRENT ASSETS
Debtors 632,138 226,143
Cash at bank ll 435491 6,609,541
12,117,629 6,835,684
CREDITORS
Amounts
falling due wdthin one year		 10 (324,310) (242,681)
NET CURRENT ASSETS 11.793319 0593003
TOTAL ASSETSLESSCURRENT LIABILITIES 215,905,357 109,993,741
iVET ASSETS 215.905.357 109993 741
FUNDS
Unrestricted
funds		 215905 35, 109,993,741
TOTAL FUVDS 21 .905.357 09 93741

Notes 2021f 2020f
Cash Ilows from operating activities
Cash generated fiom operations 13 5 166992 8 100881
Net cash provided by operating
activities		 5 106902 8,100,881
Cash flows from invesfing activities
Purchase oftangtlfie fixed assets (647,704) (2,523,760)
Saleoftangible fixed assets 356662
Net cash used in investing activities ~291 0425 2523 760
Change in cash and cash equivalents in the
reporting
period		 4,875,950 5,577,121
Cash and cash equivalents at the beginning of
the reporting
period		 6618541 I 032420
Cash and cash equivalents at the end ofthe
reporting
period		 11,485,491 6609,541

DONATI ONS
AND LEGACIES
2021
f		 2020
f
Donated Assets 102,059,932 90,848,887
Donations 29,545,930 12,801,315
Gift aid 1022163 762880
133228 025 104413 1182
3. CHARITABLE ACTIVITIES COSTS
Support
Direct casts (see
Costs
f		 note 4)
f		 Totals
f
Pmviding places ofworship 1,664,431 63,461 1,727,892
Donatioas to other charities 21,150,000 21,150,000
Assisting congregations 4,375055 63.402 4438517
27 189486 126923 27316409
4. SUPPORT COSTS
Governance
Finance
f		 f Totals
f
Pmviding places ofworship 35,819 27,642 63,461
Assisting congregations 35,819 27,643 63,462
~71 638 55,285 ~126923

2021c 2020
Auditors' remuneration 22,080 27,006
Depreciation
- owned assets
Surplus on disposal offixed assets		 1,642,898
~3224)		 146,378

TANGIBLE FIXEDASSETS
Freehold
property
f.
COST
At 1stSeptember 2020 103,366,834
Additions
Disposals		 102,707,636
~355 1533
At 31stAugust 2021 205,719,317
DEPRECIATION
At 1stSeptember 2020 411,801
Charge for year
Eliminated
on disposal		 1,642,898
~77753
At 31stAugust 2021 2 052 984
NET BOOK VALUE
At 31stAugust 2021 203,666,333
At 31stAugust 2020 102 955 033
SOCIAL ILVVESTMENTS
Pmgramme
related
investments
egultyf
MARKET VALUE
At 1st September 2020 and 31stAugust 2021 445 705
NET BOOKVALUE
At 31stAugust 2021 445.705
At 31stAugust 2020 445 705

it will continu e to advance the charitable
aims ofthe Trust.		 e to advance the charitable
aims ofthe Trust.		 e to advance the charitable
aims ofthe Trust.		 e to advance the charitable
aims ofthe Trust.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
f		 2020f
Other debtors 629,418 226,143
Prepayments and accrued income 2,720
63
138		 ~226 143
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
f		 2020f
Trade creditors 1,863 1,820
Other creditors 153,447 215,661
Accrued expenses ~169000 ~25 00
~324310 ~242 681
MOVEMENT IN FUNDS
Net
movement At
At 1.9.20
f		 in funds
f		 31.8.21
Unrestricted funds
General fund 109,993,741 105,911,616 215,905,357
TOTAL FUNDS 109993741 10590 616 215 905 357
Net movement in funds, included in the above are ss follows:
Incoming Resources Movement
resources
f		 expended
f.		 in funds
f
Unrestricted funds
General fund 133,228,025 (27,316,409) 105,911,616
TOTAL FUNDS 133228025 ~273164IS) 10591 .616
Comparatives for movement in funds
Net
movement At
At 1.9.19
f		 in funds
f		 31.8.20
Unrestricted funds
General fund 9491,449 100,402492 109,993,741
TOTAL FUNDS 9591449 ~llltl 402
92		 109993 741

Incoming Resources Movement
resources
f		 expended
f		 in funds
Unrestricted funds
General fund 104,413,082 (40010,790) 100,402,292
TOTAL FUNDS 104413 082 ~4010790) 100402292
A current year 12months and prior year 12months combined position is as follows:
Net
movement At
At 1.9.19 in funds 31.8.21
Unrestricted funds
General fund 9,591,449 206,313,908 215,905,357
TOTAL PL0i1DS 9591449 206 313900 21 .9t)5.357
Incoming Resources Movement
resources
f		 expended
f		 in funds
f.
Unrestricted funds
General fund 237764i,107 (31,327,199) 206,313,908
TOTAL FUNDS 237641107 ~3)327 )99) 21)6313908

RECONCILIATIO N OFNET INCOME TO NET CASH FLOW FROM OFNET INCOME TO NET CASH FLOW FROM OPKRATKVG ACTIVITIES
2021
f		 2020
f
Net income for the reporting period (as per the Statement ofFinancial
Activities) 105,911,616 100,402,292
Adjustments
for:
Depreciation
charges		 1,642,898 146,378
Pmfit on disposal offixed assets (3,224)
Donated Assets (99,000,000) (90,848,887)
Donated Assets (3,059,932)
Increase in debtors
Increase/(decrease)		 in creditors (405,995)
(160,991)
8)629 ~)6379)t
Net cash provided by operations 5 166992 8 100881

ANALYSIS OF CHANGES IN NET FU NDS
At 1.9.20
f		 Cash flow
f		 At 31.8.21
f
Net cash
Cash at bank 6619541 4,875950 11485 491
6N9547 4875950 11485491
Total 6009547 4875950 11485491

FINANCIAL INSTRUMENTS
2021 2020
Debt instruments
at cost
Other debtors 629,418 226 143
629418 226 143
Financial Liabilities at cost
Trade creditors 1,863 1,820
Other creditors
Accrued expenses		 153,447
169000		 215,661
~25 80
Total 374310 242 681