OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

C.T. Brewster BA(Hons) FCA

Chartered Accountant

ALL NATIONS CHURCH

Annual Report for the year ended 31 December 2021 1 - 4

1

ANNUAL REPORT OF

ALL NATIONS CHURCH

Registered Charity No. 10468691

All Nations Church is an unincorporated association governed by its Constitution dated

12 May 1995.

EXECUTIVE COMMITTEE

The Charity is administered by the members of the Executive Committee, who are appointed by members of the church. The following were members of the Executive

Committee during 2021:

Chairman - Dr Olatokunbo Sangowawa Honorary Secretary - Mrs Caraline Rowland Honorary Treasurer - Mr Robert Foster Other members of Executive Committee:

Ms Debra Dube Mr Joseph Egbaiyelo Mrs Susan Foster Mrs Sarah Khanani Mr Faisal Kinyiri Mr Ian Rowland

PRINCIPAL ADDRESS

Cass House Road, Hemlington, Middlesbrough, Cleveland, TS8 9JH.

BANKERS

Lloyds Bank Plc, 32 Westgate, Guisborough TS14 6BA.

SOLICITOR

Punch Robson, 35 Albert Road, Middlesbrough TS1 1NU

2

ANNUAL REPORT OF

ALL NATIONS CHURCH

(Continued)

AIMS AND ORGANISATION

The Charity's objects are

 To relieve poverty, sickness and the distress arising there from.

 To propagate the Gospel of Jesus Christ and to further religion and other charitable

work connected with the Christian Religion.

 The advancement of education.

APPOINTMENT OF EXECUTIVE COMMITTEE

Members of the Executive Committee are appointed annually by members attending

the Annual General Meeting.

Introduction

The 12 month period from January 2021 to December 2021 has been another year of

God’s grace and goodness. We have again sought to uphold God’s glory and

endeavoured in faithfulness and commitment to Jesus to fulfil His purposes for the

church as outlined in the church’s mission and vision statements.

All Nations Church is committed to seeing the purposes of God being established as we

pursue the vision ; as such this report will use that as a guideline.

Following government guidelines re CoVid-19, we re opened the church building for worship services April 2021. Following our risk assessments re Covid precautions Parts of the building remained and certain activities – kids work, meals together remained closed.

Mid week meetings continued on online platforms, specifically Facebook and Zoom. As such this year’s report will remain unusual.

Vision and Purposes

Worship

The Sunday celebration was moved to in the building and online, via live streaming and then to Facebook premiere. We thank God that the services produced have been well received by

the congregation and has been accessed by many others outside of the Tees Valley area.

We thank God for all those who take part in the production of the online services for

their time, effort and video presentations.

ANNUAL REPORT OF

ALL NATIONS CHURCH

3

Belonging

We thank God for all who call ANC home and not only attend regularly but also serve, pray and give to see God’s Kingdom established and extended. Life Groups meet during

the week as a core part of the church strategy to provide discipleship, community,

pastoral care and encouragement. These groups were moved online due to the pandemic and via a combination of Zoom and Facebook, have continued to provide other avenues of online fellowship for people. The church has continued to give generously to local churches and charities that are in line with its vision and mission.

Discipleship

As a church we have used our Sunday celebrations and Life Groups as a primary avenue for discipleship. The Life Groups are essential not just in deepening fellowship and community in the church but as a place for people to grow and learn together in a more relaxed and informal setting. During 2021 all discipleship and prayer activities continued online.

Ministry

The church is committed to releasing people to fulfil their God given ministry by helping them to discover their God given shape. Members continue to volunteer in ministries outside of the church, especially in the Moses Project (work with men struggling with

life limiting addictions), Woodham Christian Centre (elderly care provision) and children’s activities. The church also at Christmas was able to provide many food parcels

to people in the community and in the church. The church has also continued to give generously through its welfare fund to those in need both in the church and in the community.

ANNUAL REPORT OF

ALL NATIONS CHURCH

(Continued)

4

Evangelism

The church used the recognised calendar dates to good effect with special emphasis on

Mother’s Day, Father’s day, Easter, Remembrance Sunday and Easter. Due to the pandemic usual face to face evangelistic activities remained online. The church’s online presence has acted in an evangelistic way for many who access it who aren’t members

of the church or of any church.

Operational Running

The church has continued to maintain financial viability whilst seeking to fulfil the purposes, mission and vision that God has called us to. The last 12 months have been challenging due to the pandemic but despite this the church was still able to run at an operational surplus for the year. Much of this surplus will be invested in ongoing online

ministries to upgrade and install the necessary technology to improve and increase our online presence and community. We thank God for His generosity and favour towards the church, and the sacrificial giving of many within the fellowship despite the ongoing pandemic pressures on

families and individuals.

Conclusion

It has been another year of hard work and great blessing with God bringing unexpected

and surprising things across our path. In many ways it has been one of the most

challenging years the church has experienced in its history and yet as we go into 2022, we are expectant and excited at the challenges that lie ahead. It is with thanks that we are able to present this report with the recognition that without the blessing of God and the hard work of the members we would not be in the position we are, in the pursuit of

the out working of God’s call upon us as a church.

Approved on behalf of the Executive Committee of All Nations Church:


JANUARY FEBRUARY MARCH APRIL
Category Description
INFLOWS
Gift Aid 0.00 4409.12 0.00 0.00
Tithes & Offerings 2041.00 3181.50 3659.00 2459.98
TOTAL INFLOWS 2041.00 7590.62 3659.00 2459.98
OUTFLOWS
Bank Charge 13.85 15.10 12.10 11.75
Charity
External Donations 50.00 50.00 50.00 50.00
Welfare Donations 153.75 106.84 159.11 130.00
TOTAL Charity 203.75 156.84 209.11 180.00
Christmas 0.00 0.00 0.00 0.00
Church
Personal Pens. 150.00 150.00 150.00 150.00
Tax & NI 304.56 0.00 608.92 0.00
Wages 1445.64 1445.44 1445.64 0.00
TOTAL Church 1900.20 1595.44 2204.56 150.00
Cleaning 0.00 0.00 0.00 0.00
Computer Hardware 1.00 0.00 360.65 0.00
Computer Software 57.56 0.00 0.00 43.17
Conference Expense 17.75 0.00 0.00 0.00
Council Tax 182.00 0.00 0.00 186.48
Decorations 0.00 0.00 0.00 0.00
Furnishing 0.00 0.00 0.00 0.00
Gardening 0.00 0.00 0.00 0.00
Groceries 0.00 0.00 0.00 0.00
Insurance 0.00 196.89 393.78 196.89
Literature 0.00 0.00 0.00 0.00
Printing & Stationary 0.00 0.00 0.00 0.00
Office Hardware 0.00 114.00 0.00 0.00
Office Supplies 42.00 8.55 0.00 0.00
TOTAL Printing & Stationary 42.00 122.55 0.00 0.00
Professional Fees
Accountant 0.00 0.00 480.00 0.00
Legal 0.00 578.91 0.00 0.00
TOTAL Professional Fees 0.00 578.91 480.00 0.00
Provisions 0.00 0.00 82.96 0.00
Groceries 0.00 0.00 60.00 50.72
TOTAL Provisions 0.00 0.00 142.96 50.72
Repair & Maintenance
Building 0.00 0.00 0.00 0.00
Decor 0.00 0.00 0.00 0.00
Electrical 0.00 0.00 0.00 0.00
Fire Alarm & Extinguishers 0.00 0.00 0.00 0.00
Kitchen 0.00 0.00 0.00 0.00
Plumbing 0.00 0.00 0.00 333.00
TOTAL Repair & Maintenance 0.00 0.00 0.00 333.00
Subscriptions
Social Media 0.00 0.00 0.00 0.00
TOTAL Subscriptions 0.00 0.00 0.00 0.00
Transport Ministry
Insurance 625.51 0.00 0.00 0.00
Repairs 0.00 0.00 0.00 0.00
Road Tax 0.00 0.00 0.00 0.00
TOTAL Transport Ministry 625.51 0.00 0.00 0.00
Utilities 0.00 0.00 0.00 -471.60
Electricity 61.00 45.00 59.00 59.00
Gas 226.64 197.00 183.00 183.00
Telephone 134.94 0.00 134.94 0.00
Water 13.00 10.00 10.00 10.00
TOTAL Utilities 435.58 252.00 386.94 -219.60
TOTAL OUTFLOWS 3479.20 2917.73 4190.10 932.41
OVERALL TOTAL -1438.20 4672.89 -531.10 1527.57
GIFT AID 0.00 0.00 0.00 0.00
NET PROFIT -1438.20 4672.89 -531.10 1527.57
Bank Balance end of month 18692.50 23230.78 22608.79 24151.38
MAY JUNE JULY AUGUST SEPTEMBER OCTOBER
0.00 0.00 0.00 0.00 0.00 6182.01
2840.50 3255.00 2300.00 2894.50 3600.00 2277.05
2840.50 3255.00 2300.00 2894.50 3600.00 8459.06
12.75 11.90 11.55 11.80 11.10 11.45
50.00 250.00 50.00 50.00 50.00 179.00
193.00 162.88 157.69 94.00 80.00 12.00
243.00 412.88 207.69 144.00 130.00 191.00
0.00 0.00 0.00 0.00 0.00 0.00
150.00 150.00 150.00 150.00 150.00 150.00
626.10 0.00 604.80 1088.53 0.00 0.00
2894.68 1447.24 1447.44 1447.24 1447.24 1447.24
3670.78 1597.24 2202.24 2685.77 1597.24 1597.24
6.90 0.00 8.99 0.00 0.00 10.50
82.42 200.00 0.00 0.00 0.00 0.00
14.39 14.39 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
187.00 187.00 0.00 487.51 488.00 488.00
42.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 104.52 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 7.00 0.00
0.00 393.78 196.89 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 11.40 0.00
114.00 0.00 0.00 162.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
114.00 0.00 0.00 162.00 11.40 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 35.00 0.00 0.00 0.00
0.00 0.00 35.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 83.34 46.97 0.00 -144.00
0.00 0.00 83.34 46.97 0.00 -144.00
0.00 144.00 0.00 0.00 0.00 0.00
0.00 4.00 0.00 0.00 0.00 0.00
0.00 0.00 165.00 0.00 0.00 0.00
660.00 0.00 0.00 250.74 0.00 0.00
12.50 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 40.00 2499.60 0.00
672.50 148.00 165.00 290.74 2499.60 0.00
0.00 0.00 0.00 0.00 0.00 71.95
0.00 0.00 0.00 0.00 0.00 71.95
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 10.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 10.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
59.00 59.00 59.00 139.00 115.00 115.00
144.00 144.00 144.00 120.00 150.00 150.00
649.00 146.07 0.00 0.00 108.73 0.00
10.00 10.00 10.00 10.00 10.00 10.00
862.00 359.07 213.00 269.00 383.73 275.00
5907.74 3428.78 3133.70 4097.79 5128.07 2501.14
-3067.24 -173.78 -833.70 -1203.29 -1528.07 5957.92
0.00 0.00 0.00 0.00 0.00 715.00
-3067.24 -173.78 -833.70 -1203.29 -1528.07 6672.92
21175.54 20901.74 20059.72 18840.93 17411.26 23214.63

NOVEMBER DECEMBER

TOTAL

0.00 0.00 10591.13
3126.80 2945.00 34580.33
3126.80 2945.00 45171.46
10.90 13.00 147.25
50.00 50.00 929.00
32.97 66.90 1349.14
82.97 116.90 2278.14
0.00 355.32 355.32
150.00 150.00 1800.00
301.91 0.00 3534.82
1447.44 1447.44 17362.68
1899.35 1597.44 22697.50
6.22 0.00 32.61
42.08 43.94 730.09
0.00 0.00 129.51
0.00 0.00 17.75
488.00 488.00 3181.99
0.00 15.70 57.70
30.97 0.00 30.97
150.00 0.00 254.52
0.00 25.14 32.14
404.73 202.35 1985.31
147.95 0.00 147.95
0.00 0.00 11.40
114.00 0.00 504.00
9.50 0.00 60.05
123.50 0.00 575.45
0.00 0.00 480.00
0.00 0.00 613.91
0.00 0.00 1093.91
0.00 0.00 82.96
0.00 0.00 97.03
0.00 0.00 179.99
0.00 0.00 144.00
0.00 0.00 4.00
0.00 0.00 165.00
0.00 0.00 910.74
0.00 0.00 12.50
120.00 0.00 2992.60
120.00 0.00 4228.84
0.00 0.00 71.95
0.00 0.00 71.95
0.00 0.00 625.51
0.00 0.00 10.00
0.00 165.00 165.00
0.00 165.00 800.51
0.00 0.00 -471.60
115.00 115.00 1000.00
150.00 150.00 1941.64
0.00 0.00 1173.68
10.00 10.00 123.00
275.00 275.00 3766.72
3781.67 3297.79 42796.12
-654.87 -352.79 2375.34
602.50 690.00 2007.50
-52.37 337.21 4382.84
22572.62 22142.57

ALL NATIONS CHURCH

(REGISTERED CHARITY NO: 1046869)

ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

C.T. Brewster BA(Hons) FCA Chartered Accountant

ALL NATIONS CHURCH

INDEX
Page
Annual Report for the year ended 31 December 2020 1 - 4
Report of Independent Examiner 5
Income and Expenditure Account 6
Balance Sheet 7
Note to Accounts 8 - 11

1

ANNUAL REPORT OF ALL NATIONS CHURCH Registered Charity No. 10468691

All Nations Church is an unincorporated association governed by its Constitution dated 12 May 1995.

EXECUTIVE COMMITTEE

The Charity is administered by the members of the Executive Committee, who are appointed by members of the church. The following were members of the Executive Committee during 2020:

Chairman - Dr Olatokunbo Sangowawa Honorary Secretary - Mrs Caraline Rowland Honorary Treasurer - Mr Robert Foster

Other members of Executive Committee: Ms Debra Dube Mr Joseph Egbaiyelo Mrs Susan Foster Mrs Sarah Khanani Mr Faisal Kinyiri Mr Ian Rowland Mrs Loveness Tshuma

PRINCIPAL ADDRESS

Cass House Road Hemlington Middlesbrough Cleveland TS8 9JH

BANKERS

Lloyds Bank Plc, 32 Westgate, Guisborough TS14 6BA.

INDEPENDENT EXAMINER

C.T. Brewster BA (Hons) FCA, Chartered Accountant, 5a Station Terrace, East Boldon, Tyne & Wear NE36 0LJ.

SOLICITOR

Punch Robson, 35 Albert Road, Middlesbrough TS1 1NU

2

ANNUAL REPORT OF ALL NATIONS CHURCH

(Continued)

AIMS AND ORGANISATION

The Charity's objects are

APPOINTMENT OF EXECUTIVE COMMITTEE

Members of the Executive Committee are appointed annually by members attending the Annual General Meeting.

Introduction

The 12 month period from January 2020 to December 2020 has been another year of God’s grace and goodness. We have again sought to uphold God’s glory and endeavoured in faithfulness and commitment to Jesus to fulfil His purposes for the church as outlined in the church’s mission and vision statements.

All Nations Church is committed to seeing the purposes of God being established as we pursue the vision ; as such this report will use that as a guideline.

This year has been unlike any other year in our church’s history due to the CoVid-19 pandemic. This led to the church closes the doors on it’s premised in the middle of March 2020. The building has remained closed for the whole year and all activities have been moved to online platforms, specifically Facebook and Zoom. As such this year’s report will be unusual and hopefully a one off.

Vision and Purposes

Worship

The Sunday celebration was moved online, first with via live streaming and then to Facebook premiere. It has proved to be challenging and has been a steel learning curve for all involved. We thank God that the services produced have been well received by the congregation and has been accessed by many others outside of the Tees Valley area. We thank God for all those who take part in the production of the online services for their time, effort and video presentations.

ANNUAL REPORT OF ALL NATIONS CHURCH

(Continued)

Belonging

We thank God for all who call ANC home and not only attend regularly but also serve, pray and give to see God’s Kingdom established and extended. Life Groups meet during the week as a core part of the church strategy to provide discipleship, community, pastoral care and encouragement. These groups were moved online due to the pandemic and via a combination of Zoom and Facebook, have continued to provide other avenues of online fellowship for people.

Despite the challenges this year, the church has continued to give generously to local churches and charities that are in line with its vision and mission.

Discipleship

As a church we have used our Sunday celebrations and Life Groups as a primary avenue for discipleship. The Life Groups are essential not just in deepening fellowship and community in the church but as a place for people to grow and learn together in a more relaxed and informal setting. During 2020 all discipleship and prayer activities were done online due to the pandemic.

Ministry

The church is committed to releasing people to fulfil their God given ministry by helping them to discover their God given shape. Members continue to volunteer in ministries outside of the church, especially in the Moses Project (work with men struggling with life limiting addictions), Woodham Christian Centre (elderly care provision) and children’s activities. The church also at Christmas was able to provide many food parcels to people in the community and in the church. The church has also continued to give generously through its welfare fund to those in need both in the church and in the community.

Evangelism

The church used the recognised calendar dates to good effect with special emphasis on Mother’s Day, Father’s day, Easter, Remembrance Sunday and Easter. Due to the pandemic normal evangelistic activities have had to be stopped but the church’s online presence has acted in an evangelistic way for many who access it who aren’t members of the church or of any church.

4

ANNUAL REPORT OF ALL NATIONS CHURCH

(Continued)

Operational Running

The church has continued to maintain financial viability whilst seeking to fulfil the purposes, mission and vision that God has called us to. The last 12 months have been challenging due to the pandemic but despite this the church was still able to run at an operational surplus for the year. Much of this surplus will be invested in ongoing online ministries to upgrade and install the necessary technology to improve and increase our online presence and community.

We thank God for His generosity and favour towards the church, and the sacrificial giving of many within the fellowship despite the ongoing pandemic pressures on families and individuals.

Conclusion

It has been another year of hard work and great blessing with God bringing unexpected and surprising things across our path. In many ways it has been one of the most challenging years the church has experienced in its history and yet as we go into 2021, we are expectant and excited at the challenges that lie ahead. It is with thanks that we are able to present this report with the recognition that without the blessing of God and the hard work of the members we would not be in the position we are, in the pursuit of the out working of God’s call upon us as a church.

Approved on behalf of the Executive Committee of All Nations Church:

________ Mr Olatokunbo Sangowawa (Chairman)

________ Date

5

REPORT OF INDEPENDENT EXAMINER TO THE EXECUTIVE COMMITTEE OF ALL NATIONS CHURCH

I report on the accounts of the Charity for the year ended 31 December 2020, which are set out on Pages 4 to 7.

Respective Responsibilities of Executive Committee and Examiner

The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or

C.T. Brewster BA(Hons) FCA

Chartered Accountant 5a Station Terrace East Boldon Tyne & Wear NE36 0LJ

Date: .

6

ALL NATIONS CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Funds
INCOME
Offerings and gifts
36,155
Income tax refund
9,054
Building Fund
-
Rent of premises
225
Other income
544
------------
TOTAL INCOME
45,978
=======
EXPENDITURE
Charitable payments (Note 2)
39,133
Governance costs (Note 3)
480
------------
TOTAL PAYMENTS
39,613
=======
NET INCOME FOR THE YEAR
6,365
AT 1 JANUARY 2020
267,702
TRANSFERS BETWEEN FUNDS
------------
AT 31 DECEMBER2020
274,067
========
2020
2019
Restricted
Total
Total
Funds
Funds
Funds
(Note 7)

-
36,155
44,877
-
9,054
11,577
-
-
205
-
225
11,830
-
544
1,334
------------
------------
------------
-
45,978
69,618
=======
=======
=======
-
39,133
58,160
-
480
480
------------
------------
------------
-
39,613
58,640
=======
=======
=======
-
6,365
11,183
251,878
519,580
508,397
-
-
------------
------------
-----------
251,878
525,945
519,580
=======
========
=======

The notes on Pages 8 to 11 form part of these accounts.

7

ALL NATIONS CHURCH

BALANCE SHEET STATEMENT OF ASSETS AND LIABILITIES

AT 31 DECEMBER 2020

2020 2019
FIXED ASSETS
Land and buildings (Note 4) 501,560 501,560
CURRENT ASSETS
Cash at bank - Current account 20,011 15,969
- Ladies Fellowship 391 391
- Cash in hand 56 88
Debtors – income tax recoverable 4,407 2,052
------------ ------------
24,865 18,500
Creditors: amounts falling due within
one year (Note 5) (480) (480)
------------ ------------
Net current (liabilities)/assets 24,385 18,020
------------ ------------
Net assets 525,945 519,580
======= =======
UNRESTRICTED FUNDS
General Fund (Note 6) 274,067 267,702
RESTRICTED FUNDS
Building and outreach funds (Note 7) 251,878 251,878
------------ ------------
525,945 519,580
======= =======
Approved by the Executive Committee of All Nations Church
on .
Dr O Sangowawa Mr Robert Foster
Chairman Treasurer
The notes on Pages 8 to 11 form part of these accounts

8

ALL NATIONS CHURCH

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

The Financial Statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2005) issued in March 2005, applicable UK accounting standards and the Charities Act 2011. The principle accounting policies adopted in the preparation of the Financial Statements are as follows:

Income

Offerings and gifts

Income from offerings and gifts is included when these are receivable.

Interest receivable

Interest is included when receivable by the Charity.

Expenditure

Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Governance costs include those incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements.

Tangible Fixed Assets

Land and buildings are included at cost. No depreciation is provided on the land and buildings owned by the Charity.

Fund Accounting

Funds held by the Charity are either:

9

ALL NATIONS CHURCH

NOTES TO THE ACCOUNTS

(continued)

2. CHARITABLE PAYMENTS

CHARITABLE PAYMENTS
2020 2019
Fellowship gifts 2,507 3,530
Equipment purchase & hire - 72
Fees
- Christian Copyright Licensing
- -
Guest Speakers - 1,100
Pastor’s expenses 22,955 21,378
Legal and professional 547 3,942
Transport 393 2,730
Insurance 1,931 2,233
Rates, heat and light, telephone 4,150 8,900
Loan interest 0 6
Bank charges 155 164
Repairs & maintenance 3,709 8,908
Training, literature & videos 1,096 1,523
Provisions 158 1,125
Christmas 48 20
Entertainment 690 700
Other 794 1,155
Conference - 674
------------ ------------
39,133 58,160
======== =======
3ACCOUNTANCY
Examination

----
===
2020
480

-------
-----
480
====
===
2019
480
-------
480
====

10

ALL NATIONS CHURCH

NOTES TO THE ACCOUNTS

(continued)

4 TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
2020 2019
Land and Buildings
Cost
At start and end of year 501,560 501,560
======= =======

The land and buildings situated at Cass House Road, Hemlington are subject to a mortgage. At 31 December 2020 the amount outstanding was £NIL which was 0.0% of the cost of the mortgaged property (2019: £NIL – 0.0%)

5 CREDITORS PAYABLE WITHIN 12 MONTHS

Loan
Accruals
-----
===
2020
-
480
-------
-----
480
====
===
2019
-
480
-------
480
====

11

ALL NATIONS CHURCH

NOTES TO THE ACCOUNTS

(continued)

6 UNRESTRICTED FUNDS

The building fund is a restricted fund set up to acquire or construct land and buildings for use by the Charity to further its objects.

Building Total
At 1 January 2020 267,702 267,702
Gifts in year 6,365 6,365
------------ -----------
At 31 December 2020 274,067 274,067
======= =======

7 RESTRICTED FUNDS

The building fund is a restricted fund set up to acquire or construct land and buildings for use by the Charity to further its objects.

Building Total
At 1 January 2020 251,878 251,878
Gifts in year - -
Interest received - -
Cash expenditure in year - -
Transferred from General Fund - -
------------ -----------
At 31 December 2020 251,878 251,878
======= =======

12

ALL NATIONS CHURCH

APPENDIX

Vision Statement

Building God a House of Prayer for all nations.

Purpose Statement

We exist to glorify God by helping people come to Jesus and become part of his family, equipping them to grow and serve God, the church and the world by providing: