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||||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|
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|||||||||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|
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|||||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|
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|||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|
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|DONATIO|NS
AND LEGACIES||||
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|||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|
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|||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||||||At|
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|||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|
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