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|Directors||(Trustees)|(Trustees)|||Jane Grant||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Peter Holman||||
|||||||Tom Ravetz||||
|||||||Lesley Taylor||||
|Senior Management||||Team:||Katy Lockwood-Holmes|||—Chief Executive|
|||||||Christian
Maclean||||
|Auditors||||||Geoghegans||||
|||||||Chartered
Accountants||||
|||||||6StColme Street||||
|||||||Edinburgh||||
|||||||EH3 6AD||||
|Bankers||||||Bank ofScotland||||
|||||||8 Morningside|Road|||
|||||||Edinburgh||||
|||||||EH104DD||||
|||||||Triodos Bank||||
|||||||24 Hanover Street||||
|||||||Edinburgh||||
|||||||EH2 2EN||||
|||||||Aldermore
Bank||||
|||||||100West Regent||Street||
|||||||Glasgow||||
|||||||GU2 2QD||||
|Solicitors||||||Balfour &Manson||||
|||||||S4-66 Frederick|Street|||
|||||||Edinburgh||||
|||||||EH2 1LS||||
|Registered||Office||||22 Baylie Street||||
|||||||Stourbridge||||
|||||||West Midlands||||
|||||||Dyg 1AZ||||
|Principal|Office|||||Canal Court||||
|||||||40 Craiglockhart||Avenue||
|||||||Edinburgh||||
|||||||EH 14 1LT||||
|Company||Registration||Number||02398655||||
|Charity Commission|||Registration||Number|801790||||
|OSCR Registration|||Number|||SC041837||||
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|||||||Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|Funds|
|||Notes|Funds|Funds|2021|2020|
|Income from:|||||||
|Charitable
activities|||2,193,547|21,303|2,214,850|2,063,481|
|Grants —COVID 19|||5,514||5,514|39,434|
|Donations
and legacies|||3,551||3,551|1,184|
|Other trading activities|||2,500||2,500|2,500|
|Investments|||3,837||3,837|8,719|
|Total income|||2,208,949|21,303|2,230,252|2,115,318|
|Expenditure
on:|||||||
|Charitable
activities||7|(2,053,962)|(21,303)|(2,075,265)|(1,978,545)|
|Total expenditure|||(2,053,962)|(21,303)|(2,075,265)|(1,978,545)|
|Net income and movement|in funds|10|154,987||154,987|136,773|
|Reconciliation offunds:|||||||
|Total funds brought forward|||2,016,072||2,016,072|1,879,299|
|Total funds carded forward||18|2,171,059||2,171,059|2,016,072|
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|at 31December 202|1|||||
|---|---|---|---|---|---|
||||Notes|2021|2020|
|||||E|E|
|Fixed Assets||||||
|Tangible assets|||12|22,512|28,635|
|Investments|||13|5,000|5,000|
|||||27,512|33,635|
|Current Assets||||||
|Stocks|||14|680,483|610,493|
|Debtors|||15|873,628|1,173,040|
|Cash at bank and in|hand|||1,066,272|714,097|
|||||2,620,383|2,497,630|
|Uabilities||||||
|Creditors: Amounts|falling due within one year||16|(446,160)|(484,517)|
|Net Current Assets||||2,174,223|2,013,113|
|Total assets less current||liabilities||2,201,735|2,046,748|
|Provisions for liabilities|||17|(30,676)|(30,676)|
|Net Assets||||2,171,059|2,016,072|
|The funds ofthe charity:||||||
|General Funds - unrestricted|||18|2,171,059|2,016,072|
|Restricted Funds|||18|||
|||||2,171,059|2,016,072|
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||||2021|2020|
|---|---|---|---|---|
||||E|f|
|Net income for the reporting period (as per the SOFA)|||154,987|136,773|
|Adjustments
for:|||||
|Depreciation|||6,123|8,348|
|Interest from investments|||(3,837)|(8,719)|
|(Increase) in stocks|||(69,990)|(95,368)|
|Decrease/(Increase)
in debtors|||299,412|(138,773)|
|(Decrease)/Increase
in creditors|||(38,357)|92,520|
|Increase in provisions||||5,676|
|Net cash provided by opemting|activities||348,338|457|
|STATEMENT OF CASH FLOWS|||||
|forthe year ended 31December|2021||||
||||2021|2020|
||||E|E|
|Cash flows from operating activities:|||||
|Net cosh provided by operoting
activities|||348,338|457|
|Cash flows from investing activities:|||||
|Interest from investments|||3,837|8,719|
|Purchase oftangible fixed assets||||(30,676)|
|Net cosh flow provided by/(used|injinvesting|activities|3,837|(21,957)|
|Change in cosh and cash equi volents in the year|||352,175|(21,500)|
|Cash and cash equivalents
at the|beginning of|the year|714,097|735,597|
|Cash and cash equivalents
at the|end ofthe year||1,066,272|714,097|
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|Charitable
activiti|es|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|Books and incidental||sales income||2,193,547|2,055,581|
|Grants||||21,303|7,900|
|||||2,214,850|2,063,481|
|The income from|charitable||activities|was E2,214,850 (2020:f2,063,481) of which|f2,193,547|
|was unrestricted|(2020:E2,055,581)and f21,303was restricted (2020:E7,900).|||||
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|3|Grants —COVID 19||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
||||||||||E|E|
||HMRC —CIRS grant|||||||5,514||39,434|
||All grants received|in the year due to COVID|||19were||unrestricted.||||
|4|Donations and legacies||||||||||
||||||||||2021|2020|
||||||||||E|f|
||Contribution
received from landlord for Tenant's|||||improvements||3,551||1,184|
||All donations
received||in the year were unrestricted.||||||||
|5|Other trading activities||||||||||
||||||||||2021|2020|
||||||||||E|E|
||Consulting
income|||||||2,500||2,500|
||Income from other|trading activities was unrestricted|||||in both the current and||prior year.||
|6|Investment
income||||||||||
||||||||||2021|2020|
||||||||||E|E|
||Interest received||||||||3,837|8,719|
||Income from investments|||was unrestricted|in both the current and prior year.||||||
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|Analysis of expenditure
on charitable activities|||
|---|---|---|
||2021|2020|
||E|E|
|Cost ofbooks sold
Distribution
and advertising
Travel and book fairs
Trade subscriptions
Foreign exchange gain
Donations
and grants
Support costs (see note 8)
Governance costs (see note 9)|947,902
506,974
1,696
980
(24,767)
10,000
616,262
16,218|847,598
464,145
1,842
1,494
(440)
10,000
637,265
16,641|
||2,075,265|1,978,545|
|Support costs|2021
E|2020
E|
|---|---|---|
|Salaries and consultancy
Postage and stationery
Depreciation
Property expenses and insurances
Professional fees
Sundry expenses|533,202
12,245
6,123
60,939
3,753|541,470
8,876
8,348
73,692
860
4,019|
||616,262|637,265|
|Governance costs|2021
E|2020
E|
|Audit and accounting fees
Board expenses
Salaries and consultancy|6,505
9
9,704|6,580
10,061|
||16,218|16,641|
##
|for t|he year ended 31 December 2021||||
|---|---|---|---|---|
|10|Net income for the year||2021
E|2020
E|
||Stated after charging/(crediting):
Depreciation of fixed assets
Auditors'
remuneration|audit|6,123
4,206|8,348
4,084|
|||other services|2,299|2,496|
||Operating
lease payments
Foreign exchange (gain)||11,377
(24,767)|11,061
(446)|
|11|Employee information||2021
E|2020
f|
||Staff costs during the year amounted
Wages and salaries
Social security costs
Employer pension costs|to:|427,847
35,536
79,523|432,739
34,194
80,348|
||||542,666|547,262|
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|12|Tangible fixed assets|Tenants|Fixtures||
|---|---|---|---|---|
|||Improvements|88 Fittings|Total|
|||f|f|f|
||Cost||||
||At 1January 2021|30,676|18,342|49,018|
||Disposals||(5,727)|(5,727)|
||At 31December 2021|30,676|12,615|43,291|
||Depreciation||||
||At 1January 2021|2,041|18,342|20,383|
||Charge for year|6,123||6,123|
||Disposals||(5,727)|(5,727)|
||At 31December 2021|8,164|12,615|20,779|
||Net Book Valve||||
||At 31December 2021|22,512||22,512|
||At 31December 2020|28,635||28,635|
|fina ncia I sta|tements
atf5,000(2020:f5,000).|||
|---|---|---|---|
|Stocks||2021|2020|
|||f|f|
|Work in progress||56,654|58,374|
|Publications|for resale|623,829|552,119|
|||680,483|616,463|
##
|at 3|1December 2021||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|15|Debtors||||||||||2021|2020|
||||||||||||f|f|
||Trade debtors||||||||||812,485|823,460|
||Other debtors||||||||||61,143|49,580|
||The Christian
Community|||in GBloan||||||||300,000|
||||||||||||873,628|1,173,040|
||The loan to The|Christian||Community|in GB Ltd was extended||||by 6 months to||30 June 2021, by way ofa||
||written
agreement||in January 2021,||with a facility||to|be recalled||in part, or|in full, with three months||
||written
notice.|The|balance was fully||received|in June 2021.|||||||
||Interest was charged at 253 above the Bank of England|||||||base|rate|per annum|and the loan|was secured|
||by a guarantee|from the||Foundation|The Christian||Community||(International).||||
|16|Creditors: Amounts||falling due within||one year||||||2021
f|2020f|
||Trade creditors||||||||||409,586|444,745|
||Accruals||||||||||22,055|14,606|
||Deferred income||||||||||1,500|8,596|
||Other creditors||||||||||13,019|16,570|
||||||||||||446,166|464,611|
|Deferred Income 2022||||||
|---|---|---|---|---|---|
|||Balance|||Balance|
|||iianaary|Deferred
in|Released
in|31December|
|||2D21
f|yearf|yearf|2D21f|
|Frieling grant||6,596||(6,596)||
|Kovacs —'Michael letters'|publication|2,000||(2,000)||
|Go Digital grant|||1,500||1,500|
|||8,596|1,500|8,596|1,500|
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|Deferred Income 2020||||||
|---|---|---|---|---|---|
|||Balance|||Balance|
|||1January|Deferred
ln|Released
in|31December|
|||2020
f|yearf|yearf|2020f|
|Frieling grant|||6,596||6,596|
|Kovacs —'Michael letters'|publication|2,000|||2,000|
|Australia
trip 2020||300||(300)||
|||2,300|6,596|(300)|8,596|
|Funds|||||||
|---|---|---|---|---|---|---|
|2021|||Balance at|||Balance at|
||||1January|||31December|
||||2021f|Income
f|Expenditure
f|2021f|
|Unrestricted|funds:||||||
|General|||2,016,072|2,208,949|(2,053,962)|2,171,059|
|Restricted funds:|||||||
|Bookpublication||grants|||||
|Christian|Community|||7,800|(7,800)||
|Other||||13,503|(13,503)||
|||||21,303|(21,303)||
|Total funds|||2,016,072|2,230,252|2,075,265|2,171,059|
##
|at31|December|2021|||||
|---|---|---|---|---|---|---|
|18|Funds
2020||Balance at
1January|||Balance at
31December|
||||2020
f|Income
f|Expenditure
f|2020
f|
||Unrestricted|funds:|||||
||General||1,879,299|2,107,418|(1,970,645)|2,016,072|
||Restricted funds:||||||
||Bookpublication
grants||||||
||Christian|Community||5,000|(5,000)||
||Other|||2,900|(2,900)||
|||||7,900|(7,900)||
||Total funds||1,879,299|2,115,318|(1,978,545)|2,016,072|
|19|Analysis ofnet funds|||Unrestricted
f|Restricted
f|Total
f|
||Fixed assets|||27,512||27,512|
||Net current|assets||2,174,223||2,174,223|
||Provisions|for liabilities||(30,676)||(30,676)|
||Net assets|at 31 December 2021||2,171,059||2,171,059|
||Fixed assets|||33,635||33,635|
||Net Current assets|||2,013,113||2,013,113|
||Provisions|for liabilities||(30,676)||(30,676)|
||Net assets|at31 December 2020||2,016,072||2,016,072|
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