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|---|---|---|---|
|Reference and administrative||details ofthe charity, its Trustees and advisers||
|Trustees' report|||2-5|
|Independent
auditors'|report|on the financial statements|6-9|
|Statement offinancial|activities||10|
|Balance sheet||||
|Notes to the financial|statements||12-22|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2020|2020|2020f|2019
f.|
|Income from:||||||||
|Donations
and|legacies:|||||||
|Tithe||||437,606||437,606|477,957|
|Thanks||||149,609||149,609|97,319|
|General||||8,740||8,740|62,497|
|Gift aid||||78,225||78,225|132,776|
|Other trading
activities:||||||||
|Other trading|activities||||21,721|21,721|29,641|
|Investments:||||||||
|Other investments||||49||49|181|
|Total income||||674,229|21,721|695,950|800,371|
|Expenditure
on:||||||||
|Charitable
activities||||486,282|21,721|508,003|622,426|
|Total expenditure||||486,282|21,721|508,003|622,426|
|||||187,947||187,947|177,945|
|Net movement|in funds|||||||
|Reconciliation|offunds:|||||||
|Total funds brought||forward||2,833,177||2,833,177|2,655,232|
|Net movement|in funds|||187,947||187,947|177,945|
|Total funds carried forward||||3,021,124||3,021,124|2,833,177|
||||Note|||2020||||2019f|
|---|---|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||||
|Tangible assets|||10|||3,108,439||||3,122,146|
|||||||3,108,439||||3,122,146|
|Current assets|||||||||||
|Debtors|||||95,775||||14,331||
|Cash at bank and|in hand||||181,211|||161,654|||
||||||276,986|||175,985|||
|Creditors: amounts|falling due|within|one||||||||
|year|||12||(106,263)|||(110,488)|||
|Net current assets||||||170,723||||65,497|
|Total assets less|current liabilities|||||3,279,162||||3,187,643|
|Creditors: amounts|falling due|after more|||||||||
|than one year|||13|||(258,038)||||(354,466)|
|Total net assets||||||3,021,124||||2,833,177|
|Charity funds|||||||||||
|Restricted funds|||15||||||||
|Unrestricted
funds|||15|||3,021,124||||2,833,177|
|Total funds||||||3,021,124||||2,833,177|
|The
financial|statements|were|approved|and|authorised|for
issue||by|the|Trustees
on|
||||||and signed on their||ehalf by||||
|UkJ|||||Hyun|ol Kim|||||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020f|2019|
|Donations|674,180|674,180|770,549|
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|||Restricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020
F|2019f|
|Purchase|Building|5,512|5,512|4,865|
|Mission||16,209|16,209|24,776|
|||21,721|21,721|29,641|
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2019|
|Interest|on|Liquidity|account|49|49|181|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020|2020|2020|2019|
|Church|expenditure|486,282|21,721|508,003|622,426|
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2020|2020|2020|2019|
|Church|expenditure|323,558|184,445|508,003|622,426|
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|Analysis o|f|direct costs (continued)|||
|---|---|---|---|---|
||||Total|Total|
||||funds|funds|
||||2020|2019|
|Staff costs|||227,682|236,117|
|Services|||9,263|28,272|
|Conference||and event|1,802|34,043|
|Multimedia|equipment||9,279|13,824|
|Choir|||3,550|4,966|
|Praise|||361|2,474|
|Sunday school|||4,386|45,509|
|Youth||||6,370|
|Relief|||4,187|2,900|
|Missionary|||57,605|27,502|
|Charges/fees|||1,739|4,040|
|Administration||expenses|3,375|2,025|
|New comers|||329|368|
||||323,558|408,410|
|Analysis of||support costs|||
|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2019|
|Depreciation||25,550|26,743|
|Education||2,554|7,127|
|Loss on fixed|asset disposal|340|4,242|
|Trip expenses||5,085|11,424|
|Light and heat||27,599|21,799|
|Admin/building|maintenance|12,856|8,658|
|Interest||12,054|18,906|
|Insurance||5,990|5,986|
|Kitchenware||2,900|6,138|
|Repair and maintenance||70,087|75,548|
|Consumables||11,993|19,613|
|Legal and professional||7,437|7,832|
|||184,445|214,016|
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|||||2020|2019|
|---|---|---|---|---|---|
|Auditor's|remuneration|||4,912|6,352|
|Fees payable to the charity's||auditor|in respect of:|||
|Auditor's|non audit costs|||435|435|
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2020|2019|
|Wages and|salaries|||205,332|212,763|
|Social security costs||||16,514|18,316|
|Contribution|to defined|contribution|pension schemes|5,836|5,038|
|||||227,682|236,117|
|2020|2019|
|---|---|
|No.|No.|
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||Freehold|Motor|Office||
|---|---|---|---|---|
||property|vehicles|equipment|Total|
|Cost or valuation|||||
|At 1 January 2020|3,245,526|34,000|113,175|3,392,701|
|Additions|||12,183|12,183|
|Disposals|||(2,912)|(2,912)|
|At 31 December 2020|3,245,526|34,000|122,446|3,401,972|
##
##
|to the financial statements
year ended 31 December 2020
Tangible fixed assets (continued)|||||
|---|---|---|---|---|
||Freehold|Motor|Office||
||property|vehicles|equipment|Total|
|Depreciation|||||
|At 1 January 2020|169,320|31,080|70,155|270,555|
|Charge for the year|14,508|584|10,458|25,550|
|On disposals|||(2,572)|(2,572)|
|At 31 December 2020|183,828|31,664|78,041|293,533|
|Net book value|||||
|At 31 December 2020|3,061,698|2,336|44,405|3,108,439|
|At 31 December 2019|3,076,206|2,920|43,020|3,122,146|
##
|Debtors||||
|---|---|---|---|
|||2020|2019|
|Due within one year||||
|Other debtors||81,594|8,618|
|Prepayments|and accrued income|14,181|5,713|
|||95,775|14,331|
##
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|||2020|2019|
|---|---|---|---|
|Bank loans||96,428|96,428|
|Accruals and deferred|income|9,835|14,060|
|||106,263|110,488|
##
||||||2020f|2019|
|---|---|---|---|---|---|---|
||Bank loans||||258,038|354,466|
|14.|Financial|instruments|||||
||||||2020|2019|
||Financial assets||||||
||Financial assets measured||at fair value through|income and expenditure|181,211|161,654|
##
|Statemen|t offunds - current year|||||
|---|---|---|---|---|---|
||||||Balance at|
|||Balance at 1|||31|
|||January|||December|
|||2020|Income
f|Expenditure|2020|
|Unrestricted
funds||||||
|General|Funds - all funds|2,833,177|674,229|(486,282)|3,021,124|
|Restricted funds||||||
|Purchase|of new building||5,512|(5,512)||
|Missionary|||16,209|(16,209)||
||||21,721|(21,721)||
|Total of|funds|2,833,1T7|695,950|(508,003)|3,021,124|
|Statement offunds - prior year||||||
||||||Balance at|
|||Balance at|||31|
|||1 January|||December|
|||2019|income|Expenditure|2019|
||||F||P|
|Unrestricted
funds||||||
|General|Funds - all funds|2,650,657|770,730|(588,210)|2,833,177|
|Restricted funds||||||
|Purchase|of new building|4,575|4,865|(9,440)||
|Missionary|||24,776|(24,776)||
|||4,575|29,641|(34,216)||
|Total of|funds|2,655,232|29,641|(622,426)|2,833,177|
|Summary|offunds - current year|||||
|---|---|---|---|---|---|
||||||Balance at|
|||Balance at 1|||31|
|||January|||December|
|||2020|Income|Expenditure|2020|
|General funds||2,833,177|674,229|(486,282)|3,021,124|
|Restricted|funds||21,721|(21,721)||
|||2,833,177|695,950|(508,003)|3,021,124|
|Summary|offunds - prior year|||||
||||||Balance at|
|||Balance at|||31|
|||1 January|||December|
|||2019|Income|Expenditure|2019|
|General funds||2,650,657|770,730|(588,210)|2,833,177|
|Restricted|funds|4,575|29,641|(34,216)||
|||2,655,232|800,371|(622,426)|2,833,177|
##
|Analysis|ofn|et assets between funds - current period|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|Tangible|fixed|assets|3,108,439|3,108,439|
|Current|assets||276,986|276,986|
|Creditors|due|within one year|(106,263)|(106,263)|
|Creditors|due|in more than one year|(258,038)|(258,038)|
|Total|||3,021,124|3,021,124|
##
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|year en
Analysis|ded 31 December 2020
of net assets between
funds (continued)|ded 31 December 2020
of net assets between
funds (continued)|||
|---|---|---|---|---|
|Analysis|of net assets between funds - prior period||||
||||Unrestricted|Total|
||||funds|funds|
||||2019|2019|
|Tangible|fixed|assets|3,122,146|3,122,146|
|Current|assets||175,985|175,985|
|Creditors|due|within one year|(110,488)|(110,488)|
|Creditors|due|in more than one year|(354,466)|(354,466)|
||||2,833,177|2,833,177|
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