##
##
|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|its Trustees and Advisers||
|Trustees' Report||||2-8|
|Independent
Auditor's|Report|on the Financial Statements||9-12|
|Statement of Financial|Activities|||13|
|Balance Sheet||||14 - 15|
|Statement ofCash Flows||||16|
|Notes to the Financial|Statements|||17-28|
##
|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|
|||FOR THE|YEAR|ENDED 31 DECEMBER 2020|
|Trustees||Dr Morris Cerullo, President (deceased 10July 2020)|||
|||Theresa Cerullo, President
(from 10July 2020)|||
|||Lynn Hodge, Chair|||
|||Rev. Greg Mauro, Deputy Chair|||
|||Andre Taylor|||
|||Peter Tod|||
|||Julian Richards|||
|||Verona Powell|||
|||Andreas
Yiangou|||
|Company|registered||||
|number||02175712|||
|Charity registered|||||
|number||1001361|||
|Registered|office|The Lodge Houghton||Hall|
|||The Green|||
|||Houghton
Regis|||
|||LU5 5DY|||
|Company|secretary|Theresa Cerullo|||
|Executive|team|Julian Richards|(European
Director)||
|||Oliver Palmer (UK Office Manager)|||
|||Christine
Mckinney (Partner Services Manager)|||
|Bankers||HSBC PLC|||
|||2 The Marlowes|||
|||Hemel Hempstead|||
|||HP1 1DX|||
|Solicitors||Russell Cooke|||
|||2 Putney
Hill|||
|||London|||
|||SW156AB|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2019|
||||Note|6|6||
|Income from:|||||||
|Donations
and|legacies|||858,189|858,189|1,255,248|
|Charitable
activities||||||590|
|Investments||||||16,371|
|Total income||||858,189|858,189|1,272,209|
|Expenditure
on:|||||||
|Raising funds||||1,079|1,079|goa|
|Charitable
activities|||6|814001|814001|1400343|
|Total expenditure||||815,080|815,080|1,401,251|
|Net movement|in funds|||43,109|43,109|(129,042)|
|Reconciliation|offunds:||||||
|Total funds brought||forward||130,197|130,197|259,239|
|Net movement|in funds|||43,109|43,109|(f29,042)|
|Total funds carried forward||||173,306|173,306|')30,197|
##
##
|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note||F||5|
|Fixed assets|||||||
|Tangible assets||10||7,367||10,550|
|Current assets|||||||
|Debtors|||26,518||56,467||
|Cash at bank and|in hand||147,768||74,149||
||||174,286||130,616||
|Creditors: amounts|falling due within one||||||
|year||12|(8,347)||(10,959)||
|Net current assets||||165,939||119,647|
|Total assets less|current liabilities|||173,306||130,197|
|Total net assets||||173,306||130,197|
|Charity funds|||||||
|Restricted
funds||13|||||
|Unrestricted
funds||13||173,306||130,197|
|Total funds||||173,306||130,197|
##
##
||||||2020|20'I9|
|---|---|---|---|---|---|---|
||||||8|5|
|Cash flows from operating||activities|||||
|Net cash used
in operating|activities||||74,392|(538,740)|
|Cash flows from investing||activities|||||
|Proceeds from the sale oftangible
fixed|||assets|||539,633|
|Purchase
oftangible
fixed assets|||||(773)|(3,753)|
|Net cash (used in)/provided||by investing||activities|(773)|535,880|
|Cash flows from financing||activities|||||
|Net cash provided
by financing
activities|||||||
|Change
in cash and cash||equivalents|in|the year|73,619|(2,860)|
|Cash and cash equivalents||at the beginning||ofthe year|74,149|77,009|
|Cash and cash equivalents||at the end|of|the year|147,768|74,149|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020
8|2020
8|2019f|
||Donations|||858,189|858,189|1,123,047|
||Legacies|||||83,286|
||Grants|||||48,915|
|||||858,189|858,189|1,255,248|
|4.|Income from charitable||activities||||
||||||Total|Total|
||||||funds|funds|
||||||2020f|2019f|
||Income from|charitable|activities|||590|
|5.|Investment|income|||||
||||||Total|Total|
||||||funds|funds|
||||||2020|2019|
||Rental income|||||16,361|
||Interest|||||10|
|||||||16,371|
##
##
##
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2020
6|2020f|2019f|
|814,001|814,001|1,400,343|
##
|Activities|||
|---|---|---|
|undekaken|Support|Total|
|directly|costs|funds|
|2020|2020|2020|
||8|6|
|663,883|150,118|814,001|
|Activities|||
|---|---|---|
|undertaken|Support|Total|
|directly|costs|funds|
|2019|2019|2019|
|||6|
|1,667,503|(267,160)|1,400,343|
##
##
##
##
##
|||Charitable|Total|Total|
|---|---|---|---|---|
|||activities|funds|funds|
|||2020|2020|2019|
|||6|6||
|Staff costs||95,107|95,107|93,730|
|Printing,
postage|& publications|17,670|17,670|28,815|
|Telephone||5,322|5,322|7,292|
|Conferences||14,732|14,732|30,990|
|Donations||1,098|1,098|3,867|
|Missions||521,864|521,864|1,488,732|
|Accommodation|and travel|7,252|7,252|9,946|
|Other expenditure||838|838|4,131|
|||663,883|663,883|1,667,503|
##
|||Charitable|Total|Total|
|---|---|---|---|---|
|||activities|funds|funds|
|||2020
6|2020
6|2019f|
|Staff costs||21,579|21,579|23,552|
|Depreciation||3,956|3,956|8,447|
|Professional|and bank|8,679|8,679|8,162|
|Other expenditure||34,795|34,795|21,521|
|Premises||6,005|6,005|22,057|
|General office &finance||16,892|16,892|14,364|
|Communications||5,139|5,139|3,592|
|Profit/loss
on|disposal offixed assets|||(427,455)|
|Auditors
remuneration||5,000|5,000|10,525|
|Governance|costs|48,073|48,073|48,075|
|||150,118|150,118|(267,160)|
##
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2020
8|2019f|
|Wages and|salaries|||148,198|151,429|
|Social security costs||||13,218|10,370|
|Contribution|to defined|contribution|pension schemes|3,343|3,558|
|||||164,759|155,357|
|2020|2019|
|---|---|
|No.|No.|
##
##
##
|||||Office|
|---|---|---|---|---|
|||||equipment|
|||||F|
||Cost or valuation||||
||At 1 January 2020|||157,421|
||Additions|||773|
||At 31 December 2020|||158,194|
||Depreciation||||
||At 1 January 2020|||146,871|
||Charge for the year|||3,956|
||At 31 December 2020|||150,827|
||Net book value||||
||At 31 December 2020|||7,367|
||At 31December 2019|||10,550|
|11.|Debtors||||
||||2020
6|2019f|
||Due within one year||||
||Other debtors||6,165|5,940|
||Prepayments
and accrued income||6,939|6,149|
||Tax recoverable||13,414|44,378|
||||26,518|56,467|
|12.|Creditors: Amounts|falling due within one year|||
||||2020f|2019f|
||Accruals and deferred|income|8,347|10,959|
##
##
##
##
##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at||||31|
|||1January||||December|
|||2019|Income|Expenditure||2019|
||||||6||
|General|funds|259,239|1,272,209|(1,401,251)||130,197|
|Analysis
Analysis|ofnet assets between funds
ofnet assets between funds - current period|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2020f|2020
8|
|Tangible|fixed assets|7,367|7,367|
|Current assets||174,286|174,286|
|Creditors|due within one year|(8,347)|(8,347)|
|Total||173,306|173,306|
|Analysis|of net assets between funds - prior period|||
|||Unrestricted|Total|
|||funds|funds|
|||2019
6|2019f|
|Tangible|fixed assets|10,550|10,550|
|Current|assets|130,616|130,616|
|Creditors|due within one year|(10,969)|(10,969)|
|Total||130,197|130,197|
##
##
##
|16.|Reconcili|atio|n
of n|et|m|ove|ment|in funds|to net|cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2020f|2019|
||Net
income/expenditure|||||for|the|period|(as per|Statement|of Financial|||
||Activities)|||||||||||43,109|(129,042)|
||Adjustments||for:|||||||||||
||Depreciation||charges|||||||||3,956|8,447|
||Loss/(profit)||on the sale offixed assets||||||||||(427,455)|
||Decrease|in|debtors|||||||||29,949|88,805|
||Decrease|in|creditors|||||||||(2,622)|(79,495)|
||Net cash|provided||by/(used|||in)|operating|activities|||74,392|(538,740)|
|17.|Analysis|of|cash and||cash||equivalents|||||||
|||||||||||||2020f|2019f|
||Cash in hand|||||||||||147,768|74,149|
||Total cash and cash||||equivalents|||||||147,768|74,149|
|18.|Analysis|of|changes||in|net|debt|||||||
|||||||||||||Changesin||
|||||||||||||market||
|||||||||||||value and||
|||||||||||At 1||exchange|At 31|
|||||||||||January||rate|December|
|||||||||||2020
f|Cash flows
f|movements
f|2020f|
||Cash at bank and in|||hand||||||74,149|72,452|1,167|147,768|
|||||||||||74,149|72,452|1,167|147,768|
##
##
|non-cancell|able|operating
leases as follows:|||
|---|---|---|---|---|
||||2020|2019|
||||K||
|Not later than||1 year|17,154|17,154|
|Later than|1 year and not later than 5years||43,321|60,476|
||||60,475|77,630|
##