| Page | ||
|---|---|---|
| Legal and Administrative | Information | |
| Annual Report |
2-5 | |
| Independent Examination |
6-7 | |
| Statement of Financial Activities | 8-10 | |
| Balance Sheet | ||
| Notes to the Accounts | 12- 16 |
| year ended Dec2020 |
year ended Dec 2019 |
|||
|---|---|---|---|---|
| Incoming Resources | ||||
| Incoming resources from |
generated | funds: | ||
| Voluntary income: Offerings (see note 3) |
223,351 | 375,827 | ||
| Activities for generating Church week away Mainly music income |
funds: | 8,965 856 |
6,465 1,668 |
|
| Rental income | 163 | 7,153 | ||
| Total Incoming Resources | 233,335 | 391,113 |
| f | o | r the year | ended 31De | cembe | r 2020 | |
|---|---|---|---|---|---|---|
| year Dec |
ended 2020 |
year ended Dec 2019 |
||||
| Resources Expended | ||||||
| Cost ofgenerating funds: Leasehold rent |
14,033 | 5,000 | ||||
| Heat and light Water Rates refunded |
6,979 22 |
6,108 64 |
||||
| Storage | I | 620 | 1 620 | |||
| 22,654 | 12,792 | |||||
| Charitable Activities: |
||||||
| Christmas Event Costs |
7,252 | 3,382 | ||||
| Ministry gifts (see note 4) Advertising and promotion Depreciation Church week away Loan interest (stewardship loan) Bank Charges Stationery and resources Building utilities and consumables Evangelism events Mainly Music Telephone and internet X2/Youth/Sunday School costs Web site costs |
6,388 29,585 34,266 2,166 69 1,303 19,487 5,487 1,577 1,360 600 771 |
6,774 30,415 27,576 3,108 123 1,390 11,647 26,635 1,546 1,042 1,297 522 |
||||
| Miscellaneous Expenses Genexis costs |
2,581 38,646 |
2,785 158,050 |
||||
| Leadership development |
program | 7,885 | 4,973 | |||
| 159,423 | 291,265 | |||||
| Governance costs: |
||||||
| Independent examiners bookkeeping Insurance |
fee and | 2,324 1,059 |
2,849 1,879 |
|||
| Subscriptions Life insurance |
580 414 |
564 414 |
||||
| Donation | 500 | |||||
| Legal fees Training Wages & Nl |
1,190 64,616 |
3,002 1,603 65,399 |
||||
| 70,683 | 75,710 |
| TOTAL RESOURCES EXPENDED | 252 760 | 379767 |
|---|---|---|
| NET MOVEMENTS IN FUNDS Funds brought forward |
(19,425) 68 106 |
11,346 54760 |
| FUNDS CARRIED FORWARD | 46 681 | 66 106 |
| f | or the year ended | 31December 2020 | ||
|---|---|---|---|---|
| year ended | year ended | |||
| Dec 2020 | Dec2019 | |||
| Fixed Assets | ||||
| Equipment (see note 5) Leasehold improvements |
(see note 5) | 30,963 55,995 |
34,275 77,839 |
|
| 86,958 | 112,114 | |||
| Current Assets Current accounts and |
Cash | 9,550 | 20,902 | |
| Debtors and Prepayments | 5,991 | 7,068 | ||
| 15,541 | 27,970 | |||
| Creditors: due within one year Creditors and Accruals |
(12,175) | (4,421) | ||
| Net Current Assets |
3,366 | 23,549 | ||
| Creditors: due after more than one year Stewardship loan |
(43,643) | (69,557) | ||
| Total Net Assets | 46,681 | 66,106 | ||
| Represented By: |
||||
| General Fund Brought forward (Deficit) / Surplus for |
year | 66,106 (19,425) |
54,760 11,346 |
|
| 46,681 | 66,106 |
| Offerings | |||
|---|---|---|---|
| year ended | year ended | ||
| Dec 2020 | Dec 2019 | ||
| Leamington offerings Genexis Income |
137,803 44,275 |
149,671 155,008 |
|
| Gift Aid tax | refund | 41,273 | 71,148 |
| 223,351 | 375,827 |
| Tangible Fixed Assets | ||
|---|---|---|
| Leasehold | ||
| Improvements | Equipment | |
| Cost | ||
| At 1 January 2020 Additions |
327,662 | 119,454 4,429 |
| 327,662 | 123,883 | |
| At 31 December 2020 | ||
| Depreciation At 1 January 2020 |
249,823 | 85,179 |
| Depreciation for the period |
21,844 | 7,741 |
| At 31 December 2020 | 271,667 | 92,920 |
| Net Book Value | ||
| At 31 December 2020 | 55,995 | 30,963 |
| At 31December 2019 | 77,839 | 34,275 |
| year ended | year ended | ||||
|---|---|---|---|---|---|
| Dec 2020 | Dec2019 | ||||
| Due | over | 5 | years | 5,000 | 5,000 |