2020-12-31-accounts

The Church of God (Pentecostal) Report and Accounts 31 December 2020

			Page
Trustees, Advisors and	Charity	Information
Trustees' Report
Independent examiner's	report
Statement of Financial	Activities
Balance sheet
Notes to the Financial Statements

for the year ended 3	1 D	ecember 2020
			Unrestricted	Restricted		Total
			Funds	Funds		Funds
						2020	2019
						6	f
INCOMING RESOURCES
Donations and grants
Tithes and donations			111,333			111,333	112,980
Gift aid							31,421
Fund-raising			111,333	5,000 5,000 5,000, 116,333			23,495 167,896
Investment income
Interest received			90			90	188
			90			90	188
TOTAL INCOMING RESOURCES			111,423	5,000		116,423	168,084
RESOURCES EXPENDED
Ministry costs			9,198			9,198	18,073
Other direct costs
			9,198			9,198	18,073
GOVERNANCE COSTS
Employee costs			27,423			27,423	30,794
Premises costs			2,944			2,944	3,101
General administrative	expenses		13,286			13,286	7,276
Legal and professional	costs		4,983			4,983	4,149
			48,636			48,636	45,320
TOTAL RESOURCES	EXPENDED		57834			57 834	63,393
Excess income over expenditure			53,589	5,000		58,589	104,691
Balance of brought forward		1 January 2020	803,259	240,861	1,044, 120		939,429
Balance cerned forward	31	December 2020	856,848	245,861	1,102,709		1,044,120

				Notes		2020		2019f
Fixed assets
Tangible assets						373,870		340,116
Current assets
Debtors				2	60,000		84,965
Cash at bank	and	in hand			671,198		620,697
					731,198		705,662
Creditors: amounts			falling due
within one year				3	(2,359)		(1,658)
Net current	liabilities					728,839		704,004
Total assets	less	current
liabilities						1,102,709		1,044,120
Net assets						1,102,709		1,044,120
Capital and	reserves
Unrestricted	reserves					865,459		811,870
Restricted reserves						237,250		232,250
						1,102,709		1,044,120

for	the period ended 31 December 2	the period ended 31 December 2	020
1	Tangible fixed assets
				Fixtures,
			Land end	linings	and	Motor
			bulkgngs	equipment		vehicles	Total
			8		E	8	E
	Cost
	At 1 January 2020		332,504	45,613		20,500	398,617
	Addlhons		35,385				35,385
	Disposais
	At 31 December 2020		367 889	45	613	20 500	434 002
	Depreciation
	At 1 January 2020			38,001		20,500	58,501
	Charge for the year			1,631			1,631
	On disposals
	At 31 December 2020			39	632	20,500	60 132
	Net book value
	At 31 December 2020		367,889	5,981			373870
	At 31 December 2019		332,504	7	612		340,116
2	Debtors					2020	2019
						E	E
	Gift aid due						84,965
	Tmde debtors					60,000
	Other debtors
						60,000	84,965
3	Creditors. amounts	faglng due within	one year			2020	2019
						E	E
	Accrua ls					1,140	1,140
	Other creditors					686	146
	Other taxes and soda	l security costs				533	372
						2,359
4	Unrestncted reserve					2020	2018
						8	E
	At 1 January 2020					811,870	714,683
	Retamed prold					53,589	97,187
	At 31 December 2020					865,459	811,870
5	Restricted reserve					2020	2019
						E	E
	At 1 January 20)9					232,250	224,746
	Retamed profit					5,000	7,504
	At 31 December 2019					237,250	232,250