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|FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021|FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021|FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021|FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021|FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021|||
|---|---|---|---|---|---|---|
|CONTENTS AND CHARITY INFORMATION|||||||
|CONTENTS:||||||PAGE:|
|Report ofthe Trustees||||||1-3|
|Independent
Examiners|Report||||||
|Statement ofFinancial Activities|||||||
|Balance Sheet|||||||
|Statement ofCash Flows|||||||
|Notes to the Accounts||||||8- 14|
|TRUSTEES/DIRECTORS:||Dr S Burke (appointed||I/7/21)|||
|||Professor M G Worster|||||
|||Mr M Mitchell|||||
|||Dr A Kachuck (resigned||I/7/21)|||
|||Revd J Summers|||||
|||Revd SDawson|||||
|COMPANY SECRETARY:||Revd J Summers|||||
|COMPANY REGISTRATION NUMBER:||01469830|||||
|CHARITY REGISTRATION NUMBER:||279447|||||
|REGISTERED OFFICE:||Trinity College|||||
|||Cambridge|||||
|||CB2 1TQ|||||
|INDEPENDENT EXAMINERS:||Ian W Shipley FCCA|||||
|||For and on behalf of:|||||
|||Prentis &Co LLP|||||
|||Chartered
Accountants|and Independent||Examiners||
|||115cMilton Road|||||
|||Cambridge|||||
|||CB4 1XE|||||
|BANKERS:||Barclays Bank Plc||CAF Bank|Ltd||
|||Sidney Street||Kings Hill|||
|||Cambridge||Kent|||
|||CB2 3PZ||ME19 4JQ|||
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|FINANCIAL STATEMENTS F|ORTHE YEAR|ENDED 30TH JUNE 20|21|||
|---|---|---|---|---|---|
|STATEMENT OF FINANCIAL
ul—"|ACTIVITIES|Notes|Restricted
Funds
2021|Unrestricted
Funds
2021|Total
Funds
2021|
|INCOME||||||
|Donations
and legacies
Investment
income
Charitable
activities||||12,925
97,561
2,472|12,925
97,561
2,472|
|TOTAL INCOME||||112958|112958|
|EXPENDITURE||||||
|Raising funds
Charitable
activities||||13,071
101,294|13,071
101,294|
|TOTAL EXPENDITURE||||114,365|114,365|
|NET SURPLUS IN FUNDS||||||
|BEFOREGAINS AND LOSSES||||||
|ON INVESTMENTS||||(1,407)|(1,407)|
|Transfer between
funds
Gain on revaluation
ofinvestment|assets||(I 059)|I 059
259,416|259,416|
|NET MOVEMENT
IN FUNDS|||(1,059)|259,068|258,009|
|Reconciliation ofFunds||||||
|Total funds brought
forward|||1,059|3,393,677|3,394,736|
|Total funds carried forward||||3,652,745|3,652,745|
||||Restricted|Unrestricted|Total|
|PRIOR YEAR|||Funds|Funds|Funds|
|||Notes|2020|2020|2020|
|INCOME||||E||
|Donations
and legacies
Investment
income||||8,211
82,495|8,211
82,495|
|Charitable
activities||||18,501|18,501|
|TOTAL INCOME||||109,207|109,207|
|EXPENDITURE
Raising funds
Charitab le activities||||11899
68,292|11 899
68,292|
|TOTAL EXPENDITURE||||80,191|80,191|
|NET SURPLUS IN FUNDS||||||
|BEFOREGAINS AND LOSSES
ON INVESTMENTS||||29016|29016|
|Loss on revaluation
ofinvestment|assets|||(34,715)|(34,715)|
|NET MOVEMENT IN FUNDS||||(5,699)|(5,699)|
|Reconciliation ofFunds
Total funds brought
forward|||1,059|3,399,376|3,400,435|
|Total funds carried forward|||1,059|3,393,677|3,394,736|
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|STATEMENT OF CASH FLOWS|||||
|---|---|---|---|---|
||||2021|2020|
|||Notes|||
|Cash used in operating
activities||17|(69,408)|(51,166)|
|Cash flows from investing
activities
Interest, dividends
and rents received
Purchase ofinvestments|||97,561
(29,950)|82,495
(14,844)|
|Net cash provided
by investing
activities|||67 611|67 651|
|Change
in cash and cash equivalents
Cash and cash equivalents
brought|in the year
forward||(1,797)
106,293|16,485
89,808|
|Cash and cash equivalents
carried forward|||104,496|106,293|
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|VOLUNTARY|INCOME|Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2021|2021|2021|2020|2020|2020|
|Donations|||12,042|12,042||8,211|8,211|
|GiA aid|||883|883||||
||||12,925|12,925||8,211|8,211|
|INVESTMENT INCOME|Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
||Funds|Funds|Funds|Funds|Funds|Funds|
||2021|2021|2021|2020|2020|2020|
|||||||f.|
|Car park rental||4,600|4,600||||
|Income from investments||30,737|30,737||32,095|32,095|
|Rental income - residential||62,224|62,224||50400|50400|
|||97,561|97,561||82,495|82,495|
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|||Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2021|2021|2021|2020|2020|2020|
||||||||f.|
|Hall hire|||(360)|(360)||8,470|8,470|
|AUCL||||||2,298|2,298|
|St George's PCC|||2,652|2,652||2,538|2,538|
|St George's Pop-in||||||2,265|2,265|
|Sundry|income||180|180||2,930|2,930|
||||2,472|2,472||18,501|18,501|
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|||||Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|Funds|Funds|
|||||2021|2021|2021|2020|2020|2020|
|||||||f.||||
|Investment|property||repairs||11,340|11,340||5,848|5,848|
|Investment|property||light|||||||
|k heat contracts|||||1,731|1,731||1,518|1,518|
|Ticket purchases||for|Pop-in|||||4,533|4,533|
||||||13,071|13,071||11,899|11,899|
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|EXPENDIT|URE ON|CHA|RITABLE ACT|IVITIES||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Support|and|||Support and||
||||Charitable|Governance||Total|Charitable|Governance|Total|
||||Activities|Costs||2021|Activities|Costs|2020|
||||||||E|||
|Grants paid (note 7)|||9,300|||9,300|8,700||8,700|
|Light and heat|||10,458|||10,458|14,190||14,190|
|Rates and Council Tax|||440|||440|483||483|
|Telephones|||1,112|||1,112|1,086||1,086|
|Repairs|||44,236|||44,236|8,463||8,463|
|Cleaning|||4,942|||4,942|4,321||4,321|
|Sundry|||6,891|||6,891|3,656||3,656|
|Minibus|||1,280|||1,280|2,568||2,568|
|Insurance|||3,894|||3,894|5, 108||5,108|
|Depreciation|||812|||812|1,083||1,083|
|Wages and salaries|||16,283|||16,283|17,170||17,170|
|Bank charges|||78|||78|60||60|
|Independent|examiners|fees||1,568||1,568||1,404|1,404|
||||99,726|1,568||101,294|66,888|1,404|68,292|
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|||Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2021|2021|2021|2020|2020|2020|
|St George's Pop-in centre:||||||||
|Current|year||9,300|9,300||6,700|6,700|
|Prior years||||||||
|Hardship|fund|||||2,000|2,000|
||||9,300|9,300||8,700|8,700|
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|FINANCIAL STATEMENTS|||||
|---|---|---|---|---|
|NET INCOME FOR THE YEAR|||2021|2020|
|This is stated after charging:|||||
|Depreciation oftangible fixed assets:|||||
|-owned by charity
Independent
examiners
fee|||812
1,568|I 083
1,404|
|During the year, a trustee was reimbursed|and paid|as a warden|X4,117for expenses (2020:f963).||
|STAFF COSTS|||2021|2020|
|Staffcosts were as follows:-|||||
|Wages and salaries|||16,283|17,170|
|The average monthly
number ofemployees|during|the year was|as follows:-||
||||2021|2020|
|Administrative|||2|1|
##
|ofthe key management
personnel ofthe char|ity was XNil. (2020:|KNil)|||
|---|---|---|---|---|
|TANGIBLE FIXEDASSETS||Motor|Fixtures &||
|||Vehicles|Fittings|Total|
|COST|||||
|Balance at 1stJuly 2020 and at 30th June 2021||21,444|66,081|87,525|
|DEPRECIATION|||||
|Balance at 1stJuly 2020||21,438|62,842|84,280|
|Charge for the year||2|810|812|
|Balance at 30th June 2021||21,440|63,652|85,092|
|NET BOOK VALUE AT 30th June 2021||4|2,429|2,433|
|TANGIBLE FIXEDASSETS||Motor|Fixtures &||
|gR1QKYXAR||Vehicles|Fittings|Total|
|COST|||||
|Balance at 1st July 2019 and at 30th June 2020||21,444|66,081|87,525|
|DEPRECIATION|||||
|Balance at 1st July 2019||21,435|61,762|83,197|
|Charge for the year||3|1,080|1,083|
|Balance at 30th June 2020||21,438|62,842|84,280|
|NET BOOK VALUE AT 30th June 2020||6|3,239|3,245|
|All fixed assets are used for direct charitable|purposes.||||
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|FINANCIAL STATEMENTS|FINANCIAL STATEMENTS|FINANCIAL STATEMENTS||||
|---|---|---|---|---|---|
|FIXEDASSET INVESTMENTS|||Investment|Other|Total|
||||Property|Investments|2020|
|Market value
Additions|at 1stJuly 2020||2,000,000|1,307,761
29,950|3,307,761
29,950|
|Revaluations|and losses|||259,416|259,416|
|Market value|at 30th|June 2021|2,000,000|1,597,127|3,597, 127|
|Investments|at market|value comprise:|||2021|
|Amalgamated
trust fund
15 Dowlas Street|||||1,597,127
650,000|
|131Coleman|Road||||650,000|
|1 Newent Close|||||700,000|
||||||3,597,127|
|FIXEDASSET INVESTMENTS|||Investment|Other|Total|
||||Property|Investments|2020|
|||||f.||
|Market value|at 1stJuly 2019||2,000,000|1,327,632|3,327,632|
|Additions||||14,844|14,844|
|Revaluations|and losses|||(34,715)|(34,715)|
|Market value|at 30th|June 2020|2,000,000|1,307,761|3,307,761|
|Investments|at market|value comprise;|||2020|
|Amalgamated|trust fund||||1,307,761|
|15 Dowlas Street|||||650,000|
|131Coleman|Road||||650,000|
|I Newent Close|||||700,000|
||||||3,307,761|
|is$2,000,000|(2020: K2,000,000).|||
|---|---|---|---|
|DEBTORS||2021|2020|
|Other debtors||1,993|1,110|
|Prepayments|and accruals|2,979|1,709|
|||4,972|2,819|
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|NOTES T|O THE FINANCIAL STATEMENT|O THE FINANCIAL STATEMENT|O THE FINANCIAL STATEMENT|S||||||
|---|---|---|---|---|---|---|---|---|---|
|13.|CREDITORS: AMOUNTS|||FALLING DUE|WITHIN|ONE YEAR||2021|2020|
|||||||||f.||
||Other creditors|||||||53,683|22,722|
||Accruals
and deferred||income|||||2,600|2,660|
|||||||||56,283|25,382|
|14.|MOVEMENT
IN|FUNDS||||||||
|||||Brought|||||Carried|
|||||Forward|Income|Expenditure|Transfers|Gains|Forward|
||Designated
Funds
Balmer Education|Fund||137,607|3,174|||24,123|164,904|
||General Funds|||||||||
||General
Funds|||3,256,070|109,784|(114,365)|1,059|235,293|3,487,841|
||Total Unrestricted|Funds||3,393,677|112,958|(114,365)|1,059|259,416|3,652,745|
||Restricted
Funds|||||||||
||Restricted
Funds|||1,059|||(1,059)|||
|||||3,394,736|112,958|(114,365)||259,416|3,652,745|
||MOVEMENT IN|FUNDS||||||||
||PRIOR YEAR:||||Brought||||Carried|
||||||Forward|Income|Expenditure|Losses|Forward|
||Designated
Funds
Balmer Education|Fund|||141,292|3,377||(7,062)|137,607|
||General Funds|||||||||
||General Funds||||3,258,084|105,830|(80,191)|(27,653)|3,256,070|
||Total Unrestricted|Funds|||3,399,376|109,207|(80,191)|(34,715)|3,393,677|
||Restricted
Funds|||||||||
||Restricted
Funds||||1,059||||1,059|
||||||3,400,435|109,207|(80,191)|(34,715)|3,394,736|
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|FINANCIAL STATEMENTS|FINANCIAL STATEMENTS||||
|---|---|---|---|---|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS||Restricted|Unrestricted|Total|
|CURRENT YEAR:||Funds|Funds|Funds|
|||2021|2021|2021|
|Tangible
fixed assets
Fixed assets investments|||2,433
3,597, 127|2,433
3,597, 127|
|Current assets|||109,468|109,468|
|Creditors due within|one year||(56,283)|(56,283)|
||||3,652,745|3,652,745|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS||Restricted|Unrestricted|Total|
|PRIOR YEAR:||Funds|Funds|Funds|
|||2020|2020|2020|
|||||f.|
|Tangible
fixed assets
Fixed assets investments|||3,245
3,307,761|3,245
3,307,761|
|Current assets||1,059|108,053|109,112|
|Creditors due within|one year||(25,382)|(25,382)|
|||1,059|3,393,677|3,394,736|
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|ACTIVITIES|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||||f|
|Net movement
in|funds||||||258,009|(5,699)|
|Add back depreciation|||||||812|1,083|
|Deduct dividend|income shown|||in investing||activities|(30,737)|(32,095)|
|Deduct rental income||shown|in|investing|activities||(66,824)|(50,400)|
|Deduct (gains)/losses||on investments|||||(259,416)|34,715|
|(Increase)/decrease|in|debtors|||||(2,153)|3,622|
|Increase/(decrease)|in|creditors|||||30,901|(2,392)|
||||||||(69,408)|(51,166)|