| Pages | |||
|---|---|---|---|
| Trustees' | annual report | 1to 3 | |
| Independent auditor's |
report tothe members | 4to 7 | |
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Statement | ofcash flows | 10 | |
| Notes to | the financial | statements | 11to 19 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||||
| funds | funds | Total funds | Total funds | |||||||
| Note | ||||||||||
| Income and endowments | ||||||||||
| Donations and legacies |
4 | 1,209,946 | 47,945 | 1,257,891 | 1,205, 146 | |||||
| Investment | income | 5 | 90,742 | 90,742 | 99,743 | |||||
| Total income | 1,300,688 | 47,945 | 1,348,633 | 1,304,889 | ||||||
| Expenditure | ||||||||||
| Expenditure | on raising funds: | |||||||||
| Investment management |
costs | 6 | (20,323) | (20423) | (7,428) | |||||
| Expenditure | on charitable | activities | 7,8 | (1,117,610) | (119,507) | (1,237,117) | (1,244,888) | |||
| Total expenditure | (1,137,933) | (119,507) | (1,257,440) | (1,252,316) | ||||||
| Net income | and net | movement | in | funds | 162,755 | (71,562) | 91,193 | 52,573 | ||
| Reconciliation offunds |
||||||||||
| Total funds | brought | forward | 865,380 | 4,217,996 | 5,083,376 | 5,030,803 | ||||
| Total funds | carried | forward | 1,028,135 | 4, 146,434 | 5,1749569 | 5,083,376 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets Investments |
14 15 |
2,369,098 2,550,000 |
2,473,327 2,550,000 |
|||
| 4,919,098 | 5,023,327 | |||||
| Current assets |
||||||
| Debtors | 16 | 15,758 | 22,865 | |||
| Cash at bank and in hand | 300,907 | 130,559 | ||||
| 316,665 | 153,424 | |||||
| Creditors: amounts | falling due within | one year | 17 | (28,550) | (87,170) | |
| Net current assets | 288,115 | 66,254 | ||||
| Total assets less current liabilities | 5,207,213 | 5,089,581 | ||||
| Creditors: amounts one year |
falling due after | more than | 18 | (32,644) | (6,205) | |
| Net assets | 5,174,569 | 5,083,376 | ||||
| Funds ofthe charity Restricted funds |
4,146,434 | 4,232,036 | ||||
| Unrestricted funds |
1,028,135 | 851,340 | ||||
| Total charity funds | 19 | 5,174,569 | 5,083,376 |
| 2021 | 2020 | ||
|---|---|---|---|
| Cash flows from operating activities Net income |
91,193 | 52,573 | |
| Adj us/ments for: Depreciation oftangible fixed assets Dividends, interest and rents from investments |
104,229 (89,565) |
108,757 (99,743) |
|
| Other interest receivable and similar income |
(1,177) | ||
| Accrued expenses | 8,280 | ||
| Changesin: Trade and other debtors |
7,107 | 16,066 | |
| Trade and other creditors | 382 | (413) | |
| Cash generated from opemtions |
112,169 | 85,520 | |
| Interest received | 1,177 | ||
| Net cash from operating activities |
113,346 | 85,520 | |
| Cash flows from investing activities Dividends, interest and rents from investments Purchase oftangible assets |
89,565 | 99,743 (158,581) |
|
| Net cash from/(used in) investing activities |
89,565 | (58,838) | |
| Cash flows from financing activities Proceeds from borrowings |
(32,563) | (60,474) | |
| Net cash used in financing activities |
(32,563) | (60,474) | |
| Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning |
equivalents ofyear |
170,348 130,559 |
(33,792) 164,351 |
| Cash and cash equivalents at end ofyear |
300,907 | 130,559 |
| DONATIO | NS AND LEGACIES |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Donations | ||||
| Voluntary | Contributions | 1,013,509 | 1,013,509 | |
| Donations | 88,929 | 88,929 | ||
| Grants | ||||
| Grants | 107,508 | 47,945 | 155,453 | |
| 1,209,946 | 47,945 | 1457,891 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Donations | ||||
| Voluntary | Contributions | 975,820 | 975,820 | |
| Donations | 87,439 | 87,439 | ||
| Grants | ||||
| Grants | 141,887 | 141,887 | ||
| 1,063,259 | 141,887 | 1,205, 146 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| K | |||||
| Income from investment | properties | 89,565 | 89,565 | 99,743 | 99,743 |
| Bank interest receivable | 1,177 | 1,177 | |||
| 90,742 | 90,742 | 99,743 | 99,743 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||
| Investment | management | fees | 4,886 | 4,886 | 3,990 | 3,990 |
| Interest and | similar charges | 3,509 | 3,509 | 3,438 | 3,438 | |
| Repairs | 11,928 | 11,928 | ||||
| 20,323 | 20,323 | 7,428 | 7,428 |
| EXPENDITURE ON CHARIT | ABLE ACTIVI | TIES BYFUND TY | PE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Provision ofsecular and religious | education | 1,098,490 | 119,507 | 1,217,997 |
| Support costs | 19,120 | 19,120 | ||
| 1,117,610 | 119,507 | 1,237,117 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Provision ofsecular and religious | education | 1,102,991 | 127,847 | 1,230,839 |
| Support costs | 14,050 | 14,049 | ||
| 1,117,041 | 127,847 | 1,244,888 |
| EXPENDIT | URE ON C | HARITABLE | ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | ofactivities | Support costs | 2021 | 2020 | ||
| 6 | ||||||
| Provision of | secular and | |||||
| religious education | 1,122,997 | 95,000 | 2,155 | 1,220,152 | 1,231,719 | |
| Governance | costs | 16,965 | 16,965 | 13,169 | ||
| 1,122,997 | 95,000 | 19,120 | 1,237,117 | 1,244,888 |
| YEARENDED NET INCOME |
YEARENDED NET INCOME |
YEARENDED NET INCOME |
YEARENDED NET INCOME |
31MARCH 2021 | ||
|---|---|---|---|---|---|---|
| Net income is stated after charging/(crediting): | ||||||
| 2021 | 2020 | |||||
| Depreciation oftangible | fixed assets | 104,229 | 108,757 | |||
| AUDITORS REMUNERATION | ||||||
| 2021 | 2020 | |||||
| Fees payable for the audit | ofthe financial statements | 7,080 | 7,080 | |||
| STAFFCOSTS | ||||||
| The average head count | ofemployees | during | the year was as follows: | |||
| 2021 | 2020 | |||||
| No. | No. | |||||
| Number ofstaff | 50 | 52 | ||||
| The number ofemployees | whose remuneration | for the year fell within the following | bands, were: | |||
| 2021 | 2020 | |||||
| No. | No. | |||||
| 860,000to 869,999 | I | I |
| 14. | TANGIBL | E FIXEDASSETS | |||
|---|---|---|---|---|---|
| Land and | Fixtures and | ||||
| buildings | fittings | Total | |||
| 6 | |||||
| Cost | |||||
| At I April | 2020 and 31March 2021 | 3,173,404 | 921,871 | 4,095,275 | |
| Depreciation | |||||
| At 1 April | 2020 | 1,107,682 | 514,266 | 1,621,948 | |
| Charge for | the year | 63,468 | 40,761 | 104,229 | |
| At 31March 2021 | 1,171,150 | 555,027 | 1,726,177 | ||
| Carrying | amount | ||||
| At 31March 2021 | 2,002,254 | 366,844 | 2,369,098 | ||
| At 31March 2020 | 2,065,722 | 407,605 | 2,473,327 | ||
| 15. | INVESTMENTS | ||||
| Investment | |||||
| properties | |||||
| 4 | |||||
| Fair value | |||||
| At 1April | 2020 and 31March 2021 | 2,550,000 | |||
| Carrying | amount | ||||
| At 31March 2021 | 2,550,000 | ||||
| At 31March 2020 | 2,550,000 |
| The historical costofinvestment properties at 31 DEBTORS |
March 2021 is61,747,130(2020:61 | ,747,130). |
|---|---|---|
| 2021 | 2020 | |
| Income tax recoverable | 8,082 | 7,416 |
| Other debtors | 7,676 | 15,449 |
| 15,758 | 22,865 |
| NOTES T CREDITORS: amounts |
O THE FINANCIAL STATEMENTS YEARENDED 31MARCH 2021 falling due within one year |
i~~dnued) | |
|---|---|---|---|
| 2021 | 2020 | ||
| Bank loans and overdrails | 59,002 | ||
| Accruals and deferred income | 14,160 | 14,160 | |
| Social security and other | taxes | 14,390 | 14,008 |
| 28,550 | 87,170 | ||
| CREDITORS; amounts | falling due after more than one year | ||
| 2021 | 2020 | ||
| f. | |||
| Bank loans and overdratts | 32,644 | 6,205 |
| ANALYSIS OF CH Unrestricted funds |
ARITABLE FUND | S | |||
|---|---|---|---|---|---|
| At | At 31March | ||||
| 1 April 2020 | Income | Expenditure | Transfers | 2021 | |
| t' | |||||
| General funds | 865,380 | 1,300,688 | (1,137,933) | 1,028,135 | |
| At | At 31March | ||||
| I April 2019 | Income | Expenditure | Transfers | 2020 | |
| General funds | 725,975 | 1,163,002 | (1,124,469) | 86,832 | 851,340 |
| Restricted funds | |||||
| At | At 31March | ||||
| 1 April 2020 | Income | Expenditure | Transfers | 2021 | |
| Building Fund | 4,217,996 | 47,945 | (119,507) | 4,146,434 | |
| At | At 31March | ||||
| 1 April 2019 | Income f, |
Expenditure t |
Transfers f, |
2020 | |
| Building Fund | 4,304,828 | 141,887 | (127,847) | (86,832) | 4,232,036 |
| At | |||||
|---|---|---|---|---|---|
| At 1 Apr 2020 | Cash flows | 31 | Mar 2021 | ||
| Cash | at bank and in hand | 130,559 | 170,348 | 300,907 | |
| Debt | due within one year | (59,002) | 59,002 | ||
| Debt | due after one year | (6,205) | (26,439) | (32,644) | |
| 65,352 | 202,911 | 268463 |