2021-03-31-accounts - Authentic City Church

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

				12mont	12mont	12mont »	12mont
		Notes		Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
Statement of	Financial Activities
INCOMING RESOURCES
Donations and legacies Investment Income		2 3	r e	69,858.95 1.32'	0.00 0.00	69,858.95 1.32	83,660.64 0.00
Total				69,860.27	0.00	69,860.27	83,660.64
RESOURCES EXPENDED
Cost of Raising Funds		4		(1,177.76)	0.00	(1,177.76)	(2,931.51)
Costs ofCharitable	Activities			(73,461.23)	0.00	(73,461.23)	(90,377.01)
Total				(74,638.99)	0.00	(74,638.99)	(93,308.52)
NET (EXPENDITURE)/INCOME				(4,778.72)	0.00	(4,778.72)	(9,647.88)
Total Funds brought	forward			240,284.95	(1,131.57)	239,153.38	248,801.26
Transfers between	funds			(1,131.57)	1,131.57	0.00	0.00
TOTAL FUNDS CARRIED FORWARD				234,374.66	0.00	234,374.66	239,153.38
Balance Sheet
FIXEDASSETS
Tangible Assets		9		224,857.41	0.00	224,857.41	216,597.24
CURRENT ASSETS
Stock				0.00	0.00	0.00	602.41
Debtors				704.10	0.00	704.10	4,767.68
Bank				12,261.74	0.00	12,261.74	23,485.97
Total current assets				12,965.84	0.00	12,965.84	28,856.06
Creditors: Amounts	falling due within 1Year	11		(3,448.59)	0.00	(3,448.59)	(6,299.92)
NET CURRENT ASSETS				9,517.25	0.00	9,517.25	22,556.14
TOTAL ASSETS LESS	CURRENT LIABILITIES			234,374.66	0.00	234,374.66	239,153.38
REPRESENTED BY
Unrestricted Funds				234,374.66	0.00	234,374.66	240,284.95
Restricted Funds				0.00	0.00	0.00	(1,131.57)
TOTAL FUNDS				234,374.66	0.00	234,374.66	239,153.38
Signed on behalf ofthe Trustees:			Date: 20th March		2022

				12mont	12mont	12mon~	12mon~
			Notes	Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
2.DONATIONS	AND	LEGACIES
Voluntary Income
Freewill offerings				182.00	0.00	182.00	25,828.88
Freewill offerings Tuesday fellowship				0.00	0.00	0.00	2,138.45
Funds from former Grace City church				66,151.78	0.00	66,151.78	31,876.46
Miscellaneous	Income			3,010.17	0.00	3,010.17	2,462.88
				69,343.95	0.00	69,343.95	62,306.67
Other Income
Donations qualifying		for gift aid		0.00	0.00	0.00	5,986.50
Room Hire				0.00	0.00	0.00	3,015.00
Rental Income				0.00	0.00	0.00	2,145.00
Bookshop sales				515.00	0.00	515.00	3,125.72
Sundry Donations				0.00	0.00	0.00	780.00
Tax Refunds on	Gift	Aid		0.00	0.00	0.00	6,301.75
Total Donations	and	legacies		69,858.95	0.00	69,858.95	83,660.64

					12mont	12mont	12mont	12mont ~
			Notes		Unrestricted	Restricted	Total	Total
					Funds	Funds	2021	2020
3.INVESTMENT INCOME Bank Interest receivable					1.32 '	0.00	1.32	0.00
Total Investment Income					1.32	0.00	1.32	0.00
4.COST OF RAISING FUNDS
Bookshop Purchases					804.88	0.00	804.88	1,950.79
Kitchen expenses					372.88	0.00	372.88	0.00
Tuesday fellowship expenses					0.00	0.00	0.00	871.50
Magazines					0.00	0.00	0.00	109.22
Total Cost ofRaising Funds					1,177.76	0.00	1,177.76	2,931.51
5.COSTS OF CHARITABLE ACTIVITIES
Staff costs and emoluments					42,078.26	0.00	42,078.26	55,295.52
Missionary gifts and support					0.00	0.00	0.00	274.00
General expenses					920.04	0.00	920.04	547.91
Sunday school and Youth expenses					0.00	0.00	0.00	649.00
Travel expenses and subsistance					0.00	0.00	0.00	200.00
Gas, water and electricity					13,464.31	0.00	13,464.31	16,702.86
Maintenance, cleaning repairs			and renewals		2,643.78	0.00	2,643.78	4,948.28
Car park rental					3,600.00	0.00	3,600.00	3,600.00
Insurance					3,557.18	0.00	3,557.18	3,158.05
Telephone					1,144.45	0.00	1,144.45	1,889.38
Donations					500.00	0.00	500.00	0.00
AOG Subscriptions					1,980.00	0.00	1,980.00	2,160.00
Criminal record checks					171.00	0.00	171.00	162.00
Accountancy					843.41	0.00	843.41	395.00
Depreciation -fixtures					161.53	0.00	161.53	139.81
Depreciation —computers					2,397.27	0.00	2,397.27	255.20
Total Costs ofCharitable Activities					73,461.23	0.00	73,461.23	90,377.01
6.STAFF COSTSAND EMOLUMENTS
Stipends, salaries, pensions		and NIC			39,878.26	0.00	39,878.26	52,695.52
Visiting ministry fees and	accomodation				2,200.00	0.00	2,200.00	2,600.00
Total Staff costs and emoluments					42,078.26	0.00	42,078.26	55,295.52
7.MISSIONARY GIFTSAND	SUPPORT
Miscellaneous missionary	costs				0.00	0.00	0.00	274.00
Total Missionary gifts and	support				0.00	0.00	0.00	274.00
8.TRUSTEES RENUMERATION			AND EXPENSES
Renumeration (including Employer pension/NHI)				and	expenses were paid	as shown	below totrustees for services as m
Pastor j Partington					2,200.00	0.00	2,200.00	2,500.00
Pastor D Chunda					26,819.76	0.00	26,819.76	26,841.36
Total Trustees Renumeration			and expenses		29,019.76	0.00	29,019.76	29,341.36

9.TANG ISLEASSETS
			Furniture
		Freehold Land	Fixtures gr	Computer
		and Buildings	Equipment	Equipment	Total
Opening Cost		218,133.00	130,217.58	8,885.86	357,236.44
Additions		0.00	0.00	10,818.97	10,818.97
Closing Cost		218,133.00	130,217.58	19,704.83	368,055.41
Opening Depreciation		3,495.00	129,346.57	7,797.63	140,639.20
Charge forthe period		0.00	139.81	2,418.99	2,558.80
Closing Cost		3,495.00	129,486.38	10,216.62	143,198.00
Net BookValue
As at 31st March 2020		214,638.00	871.01	1,088.23	216,597.24
As at 31st March 2021		214,638.00	731.20	9,488.21	224,857.41
		12mont	12mont	12mont	12mont
	Notes	Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
10.DEBTORS
Gift Aid claims		0.00	0.00	0.00	4,310.00
Prepayments		704.10	0.00	704.10	457.68
Total Debtors		704.10	0.00	704.10	4,767.68
11.CREDITORS: AMOUNTS	FALLING DUE WITHIN 1YEAR
Accruals		2,971.27	0.00	2,971.27	4,509.81
Pension Fund deductions Taxation and Social Security		140.00 337.32 '	0.00 0.00	140.00 337.32	0.00 1,790.11
Total Creditors: Amounts	falling due within 1Year	3,448.59	0.00	3,448.59	6,299.92