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|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||
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|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|
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|||||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|
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||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|
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||||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|
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|||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|
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|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||||||
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|||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|
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|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|
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||||||||||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|
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|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|
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