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2021-04-30-accounts

REPORT OF THE UCCF TRUST
BOARD
INDEPENDENT AUDITORS'
REPORT
STATEMENT OF FINANCIAL 15
ACTIVITIES
BALANCE SHEET 16
CASH FLOW STATEMENT 17
NOTES TO THE FINANCIAL 18
STATEIIENTS

Statement of Financial Statement of Financial Activities Activities
Forthe year ended 30"April 2021 (incorporating an income and expenditure
account)
2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
F 6 6 6 F
INCOME from: Note
Donations 3,272,553 328,541 3,601,094 3,240,098 337,076 3,577,174
Legacies 447,364 447,364 311,305 311,305
Grant Income 640,736 640,736 174,339 174,339
Charitable
Activities		 66,484 27,041 93,525 387,297 21,022 408,319
Other Trading Activities
Investments 1,494 1,494 7,295 7,295
Other 214 214 25705 25,705
Total Income 4,428,845 355,582 4784,427 4,146,039 358,098 4,504,137
EXPENDITURE on:
Raising Funds 282,791 1,666 284WT 262,863 1,796 284,658
Charitable
Activities		 2,3 3,103,105 438,649 3,541 754 3,792,440 378,561 4,171,002
Total Expenditure
come/(Expenditure)		 3,385,896 440,315 3,834211 4,075,303 380,357 4,455,660
Net In
Before Gain/(Loss) on 1042949 (84733) 958)216 70736 (22259) 48477
Investment
Net gain/(losses)
on Investment		 216,080 216,080 (58,905) (58,905)
Net Incomel(Expenditure) 1,259,029 (84,733) 1,174,296 11,831 (22,259) (10,428)
Transfers
Between Funds		 (14,772) 14,772 (3,909) 3,909
Net Movement
in Funds		 1,244,267 (69,961) 1,174,296 7,922 (18,351) (10,428)
RECONCILIATION
ofFunds:
Total Funds Brought Forward 1,501,810 1,828,935 3,330,745 1,493,688 1,847,285 3,341,173
Total Funds Carried Forward 2746,067 1 758974 4,505,041 I 501,810 1828935 3,330,745

2021 2020
Fixed Assets Note
Tangible Assets 6 1,548,944 1,568,341
Investments 7 2,087,493 1,171,412
3,636,437 2,739,753
Current Assets
Debtors 8 312,806 142,951
Cash at bank and in hand 983,932 837,509
1,296,738 980,460
Creditors
Amounts
falling due within		 1 year 9 ~428,224) (389,468)
~428, 224 (389,468)
Net Current Assets 868,604 590,992
TOTAL NET ASSETS 4 505041 3 330745
Funds ofthe charity
Restricted 11 1,758,974 1,828,935
Designated 13 1,238,660 94,778
General 1,507,407 1,407,032
TOTAL FUNDS 4 505041 3 330745

Note 2021 2020
Cash Flows from operating
activities
Net income /expenditure
for the period		 1,174,296 (10,428)
adjustments
for:
Depreciation
charges		 55,485 60,041
(Increase)/decrease
in debtors		 (169,855) 130,660
Increase/(decrease)
in creditors		 38,666 (32,492)
Unrealised
(Gain)/Loss
on investments		 (216,080) 58,905
Investment
income and interest		 (1,494) (7,295)
(Profit)/loss
on disposal offixed assets		 (125) (263)
Net Cash provided
by operating
activities		 880,893 199,128
Cash Flows from investing
activities
Income from investments 1,494 7,295
Tangible assets: additions (36,089) (33,677)
Tangible assets: sale proceeds 125 263
Investments:
additions		 (700,000)
Investments:
sale proceeds		 18,464
Net Cash provided
by investin
activities		 (734&470) 7,655
Movement
in cash and cash
e uivalentsinthe
re ortin
eriod		 146,423 191,473
Cash and cash equivalents
at 1st May		 837,509 646,036
Cash and cash e uivalents at 30th ril 983932 837 509
Analysis ofcash and cash equivalents
Cash at bank and in hand 983932 837509

Staff Support Other TOTAL TOTAL
Costs Costs Costs 2021 2020
K 6 6 6
Expenditure on Raising Funds 175,987 30,658 75,495 2,317 284,457 284,658
Charitable Activities 2,691,898 425,190 399,079 25,587 3541754 4171002
Total Expenditure 2,867,885 455,848 474,574 27,904 3,826,211 4,455,660
SUPPORT COSTS
Facilities Finance IT Gov'nce TOTAL
2021		 TOTAL
2020
6 K' 6 6
Raising Funds 14,060 11,269 4,068 1,260 30,658 35,270
Student iytnistry 195,001 156,290 56,419 17480 425190 451 176
Total Support costs 209,061 167,559 60,487 18,741 455,848 486,446

2021 2020
This is stated after charging: 6
Auditors'
remuneration		 (8,?50) (8,500)
Depreciation (55,485) (60,041)
GiR Aid (income) 236,7'f8 229,829

EMPLOYEES and
a)EMPLOYEES		 T RUSTEES
Staffcosts 2021 2020
6
Salaries 2,751,210 2,832,560
Social security costs 248,168 250,256
Pension Contributions 121,305 120,944
Total 3,120,682 3,203,759
The staffcosts shown above ditfer from those shownin note 2 by the amount
ofstaffcosts included as support costs.
Average staff numbers by division 2021 2020
Student
Ministry		 113 115
Total 113 115
Number ofemployees whose total remuneration
(excl pensions
contribution		 & NI) falls between 2021 2020
the following
range
660,000 -F69,999

Leasehold Computer, Total
Property Fixtures &
Fittin s
Cost
At 1stMay 2020 1,735,010 309,921 2,044,931
Additions 36,089 36,089
Disposals 10,135 (10,135)
At 30th April 2021 1,735,010 335,875 2,070,885
Depreciation K
At 1st May 2020 210,519 266,072 476,590
Charge for year 24,768 30,717 55,465
On disposals 10,135 (10,135)
At 30th April 2021 235,287 286,654 521,941
Net Book Value K
At 30th April 2020 1,524,491 43,849 1,568,341
At 30th April 2021 1,499,723 49,221 1,548,944

Cost/Market Value 2021 2020
8 6
Market value at start ofyear 1,171,412 1,248,781
Additions at cost 700,000
Disposals at carrying value (18,464)
Change in market value 216,081 58,905
Market value at end ofyear 2,087,493 1,171,412
Historical cost at 30th April 1,664,939 964,939
Investment Comprises: 2021 2020
5 6
Cash 437,624 183,756
Listed Investments 1,649,869 987,656
Total 2,087,483 1,171,412

2021 2020
6
Trade debtors 1,258
Accrued legacy Income 150,542 61,850
Prepayments 52,780 18,488
Gift Aid recoverable 49,142 23,728
Other debtors 60,341 37,627
Total 312,806 142,951
9. CREDITORS: Amounts falling due within one year
2021 2020
6 g
Trade creditors 25,885 26,593
Accruals 158,953 143,046
Taxation and social security 506
Deferred Income 178,816 43,176
Other creditors and accruals 64,480 176,148
Total 428,134 389,468
Deferred
Income
Conference/Summer Team income received in advance 155,666 14,164
Relay training fees & deposits received in advance 14,990 17,092
Donations
for new		 staff post received
in advance		 8160 11,920
Total 178,816 43,176
i0.ANALYSIS of NET ASSETS BETWEEN FUNDS
2021 2020
Unrestricted Restricted Total Total
Funds Funds Funds Funds
L' E 8
Tangible fixed assets 49,221 1,499,723 1,548,944 1,568,341
Investments 2,087,493 2,087,493 1,171,412
Current assets 1,001,148 295,590 1,296,738 980,461
Current
liabilities		 391795 36339 428 134 389468
Total funds 2,746,067 1,758,974 4,505,041 3,330,745

Restricted funds are funds donated donated or allocated for restricted purposes. or allocated for restricted purposes. or allocated for restricted purposes.
Balance Balance at
at 1stMay Income Expenditure Transfers 30th Apr
2020 2021
f 6
New Building Fund 1,659,222 (24,768) 1,634,454
Vardy NE CUSW Fund 5,333 5,333
RW Assistance
Fund		 40,005 5,395 (2,150) 43,250
Exeter Uni CU Fund 3,177 3,177
Gospel Project 31,141 (31,141)
Leadership
Network		 121 197 319,046 382,256 14,772 72,760
Total 1,828,935 355,582 (440,315) 14,772 1,758,974
The total transfer between unrestricted
and restricted funds		 ofF14,772 in the year relates to income
transferred
from		 General Funds to the Leadership Network project to cover the direct costs incurred
in the year. The balance represents a grant which was received at the end ofApril to cover project
activity
in 2021/22.
UNRESTRICTED FUNDS
Balance Balance at
at 1stMay Income Expenditure Transfers 30th Apr
2020 2021
E 6 6 6
General Funds 1,407,032 4,514,795 (3,274,201) (1,140,219) 1,507,407
Designated Funds 94,778 130131 111,696 1,125,447 1 238,660
Total 1,501,810 4,644,926 (3,385,897) (14,772) 2,746,067