| Re ort ofthe Trustees for the Year Ended 31December 2021 | |
|---|---|
| Contents | |
| page | |
| Legal and Administrative information |
|
| Report ofthe Trustees | 2to 8 |
| Statement ofFinancial Activities | |
| Balance Sheet | 10 |
| Notes forming part ofthe financial statements | 1to 14 |
| The following page does not form part ofthe Statutory Accounts |
| Reference | and Administrative | and Administrative | Information | ||||
|---|---|---|---|---|---|---|---|
| Charity Name: | Fountain of Life Pentecostal | Holiness | C | urch | |||
| Charity Registration | Number: | 1040574 | |||||
| Registered Operational |
Office and Address: |
139Ashville Road, Leytonstone, E114DX |
Londo | ||||
| Trustees | Reverend Harold Presley (Chair |
person) | |||||
| Mr Clement Julian | |||||||
| John Amosu | |||||||
| Independent | Examiner: | Samuel Ourojaiye FCPA |
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| Samuelson & Co UK Ltd |
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| Certified Public Accountants |
&Tax Cons | Itants | |||||
| 596 Kingsland Road |
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| Hackney, London |
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| ES4AH |
| Unrestricted | Restricted | Endowment | 7~IF nd | ||||
|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds E |
Funds E |
2021 | 2020 | ||
| INCOME | |||||||
| Incoming resources | 117,849 | 117,849 | 81,230 | ||||
| Other incoming resources | |||||||
| Total incoming resources | 117,849 | 117,849 | 81,230 | ||||
| RESOURCES EXPENDED | |||||||
| Costs ofgenerating funds |
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| IVIissionary and Charitable | |||||||
| giving Activities directly relating to |
3a | 12,900 | 12,900 | 14,827 | |||
| the work ofthe church | 3b | 105,264 | 105,264 | 72,661 | |||
| Church management and |
|||||||
| administration | 3c | 2,392 | 2,392 | 2,392 | |||
| TOTAL RESOURCES EXPENDED | 120,556 | 120,556 | 89,880 | ||||
| Net Incoming/(Outgoing) Resources Gains and Losses on Investments |
2,707 | 2,707 | - | 8,650 | |||
| NET MOVEMENT IIII FUNDS |
2,707 | 2,707 | - | 8,650 | |||
| ACCUIVIULATED FLINDS |
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| 8/F AT 01/01/2021 ACCUMULATED FUNDS |
176,665 | 176,665 | 185,315 | ||||
| C/F AT31/12/2021 | 173,958 | 173,958 | 176,665 |
| Unrestricted | Restricted | Endowment | Total Funds | ||
|---|---|---|---|---|---|
| 3I RESOURCES EXPENDED | Funds | Funds | Funds | 2021 | 2020 |
| 3a. Missionary and charitable |
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| givings; 3b.Activities directly relating |
12,900 | 12,900 | 14,827 | ||
| to the work ofthe church: | |||||
| Church Running Expenses Church Maintenance Children Ministry Youth Ministry |
66,970 24,036 2,700 2,472 |
66,970 24,036 2,700 |
39,935 19,096 |
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| Evangelism Welfare 3c. Church management and |
3,000 6,086 105,264 |
3,000 6,086 105,264 |
846 12,784 87,488 |
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| administration'. | |||||
| Administration | 2,392 | 2,392 | 2,392 | ||
| TOTAL RESOURCES EXPENDED | 120,556 | 120,SS6 | 89,880 |