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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 Statemeat|||||
|Notes to the Financial Statements||12|to|17|
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|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|
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||||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|
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||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|
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|||2021c|2020|
|---|---|---|---|
|Auditors'|remuneration|22,080|27,006|
|Depreciation
- owned assets
Surplus on disposal offixed assets||1,642,898
~3224)|146,378|
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|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|
##
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|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|
##
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||||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|
##
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|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|