## REPORT AND FINANCIAL STATEMENTS
for the
YEAR ENDED 31 DECEMBER 2021
## THE FULL GOSPEL HALL
91, Plashet Grove, East Ham, London. E6 1AA Charity Registration No. 1054391
Acting Minister: Pastor Patsy John Church Secretary: Valerie Robinson
Treasurer: Mr F.A. Kuagbela
Alor& Co
Chartered Certified Accountants & Management Consultants 45a, Market Street East Ham London E6 2RA
**ALOR&CO** _450_ Market Street
## **ALOR&CO**
Chart red Certified Accountants and Management Consultants **ACCOUNTANCY* TAXATION* MANAGEMENT CONSULTANCY**
East Ham
London - E6 2RA
Teh 07932673936 Mall, alorbu@yahoo.com Web, alor-co.ueniweb.com
## **PRINCIPAL**
E. **Alorbu BA(HONS) FCCA CONSULTANT**
**G. Akintude FCCA**
Date: 28[th] October 2022
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FULL GOSPEL HALL** - **ASSEMBLIES OF GOD.**
We have reported on the accounts of the Full Gospel Hall Assemblies of God for the year ended 3 t[st] December 2021 which are set out on pages 5 to 13.
## **Respective responsibilities of trustees and independent examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year account under section 144(2) of the charity's Act 2011 (the 2011 Act) and that an independent examination is needed:
It is our responsibility to:
- I. examine the accounts under section 145 of the 2011 Act.
2. to follow the procedures laid down in General Directions given by the Charity Comm ssions under section 145(5)(b) of the 2011 Act; and
3. no examination on the trustees' report
4. to state whether particular matters have come to our attention
## **Basis of the Independent examiner's report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with the underlying records. It also includes consideration of any material unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any of such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiners' statement**
In connection with our examination, no matter has come to our attention:
1. h gives us reasonable cause to believe that any material misstatement in the requirements:
- a) to keep accounting records in accordance with section 130 of the 2011 Act and
- b) to prepare accounts which accords with the accounting records and comply with the accounting requirements of the 2011 Act
This firm is regulated by the **Association of Chartered Certified Accountants** in the conduct of Accounting and Consultancy work.
have not been met; or
2. which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Ebe CCA** For Alor & Co
## **THE FULL GOSPEL HALL**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31[st] DECEMBER 2021**
## **Objectives and Activities:**
The prime object of the Assembly (Charity) is the advancement of the Christian Religion by the proclamation and furtherance of the Gospel of God concerning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God by the Church in accordance with the Statement of Fundamental Truths of the Assemblies of God Incorporated.
Apart from the search for a full-time Pastor; our priority for this year was to continue to focus on our stated aim, that is to be a light in the community, whilst considering the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we endeavour to encourage people to live out their faith as part of the Assembly through:
- Worship and prayer, learning about the gospel; and developing their personal knowledge and trust in Jesus.
- Provision of pastoral care for people known to have problems Missionary and outreach work.
## **Achievements and Performance:**
## Worship and Prayer:
We have continued to see slight increase in the number of members attending church services face to face. We have continued to use Zoom facility to transmit the main Sunday services and Sunday school as well. Monday prayer meetings are held using Zoom facility to transmit this meeting. The church building is 'Covid safe' and also have health and safety measures in place.
Presently there are 92 persons on the church membership register. Our long-standing member Mr. Percy Jenkins retired from his duties as church secretary and treasurer in early part of 2021. We are very grateful for all the services rendered to the church by Percy.
In normal times we would enable the fellowship to celebrate and thank God at the milestones of their journey through life. Through the dedication of infants we thank God for the gift of life, through baptism the candidates witness their faith in Jesus Christ, in marriage public vows are exchanged with God's blessing and through funeral services friends and family express their grief whilst giving thanks for the life of the person now committed to God's keeping. During the year held or attended seven funerals.
## Pastoral Care:
Rev. Patricia John, in her capacity of Interim Leader continued to oversee the pastoral care of the church, the Church Council continued to meet monthly using Zoom. The youth leader, Eric Boateng kept the Youth group functioning using Zoom.
Those members of the Assembly who were unable to access the services virtually were contacted regularly by telephone to ensure their safety and connect them with Assembly life.
## Mission and Evangelism:
Helping those in need is an evidence of our faith and we provide financial support to organisations that supply food and clothing and for the Social and Educational needs of Adults and Children in those parts of the world affected by natural disasters, national unrest and famine. Knowing that needs exist in the area local to the Assembly, all the nonperishable foods brought to the annual Harvest Thanksgiving Service are donated to the Renewal Refugee and Migrant Project (RAMP) who provide a support service for those seeking asylum or are otherwise outside the Social Service's umbrella.
## Ecumenical Relationships.
The Assembly is an associate of the Newham Christian Fellowship. It is also in fellowship with the Assemblies of God Incorporated and benefits from its advice and assistance, the annual subscription is 3% of the unrestricted income received in the previous year.
## **THE FULL GOSPEL HALL**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31[st] DECEMBER 2021 (Continued)**
## **Financial Review:**
The Church is dependent for its day to day running on the financial support of its Members and Congregation and during 2021 income from direct giving was below our budget expectations.
As can be seen from the Statement of Accounts, due to the closure of the church, the income was lower than that in previous years and we were not have been able to cover our expenses due to restoration work to the church building and the flats. We spent £51,644 more than our income due to restoration work to the church building and flats. The total receipts of tithes and offerings were £21,223 and Gift Aid was £30,943 are detailed in the Financial Statements. Tithes and offerings by the Gift Aid scheme were down slightly and this resulted in the drop in tax recovered. One of the freehold flats in the house adjacent to the church continues to be let on a short-hold agreement, which provided a gross income of £3,840. With the first floor flat empty, the opportunity was taken to carry out the repairs and decoration. During the year we were able to give financial support of £500 to Missionary Societies and Social and educational Charitable Organisations. The church is in a strong financial position.
With reference to the Suspense Account, it has been noted that there are some errors in the previous years' accounts that are still being checked.
## **Reserves Policy.**
The CC has considered the level of reserves they wish to retain appropriate to the Assembly's needs. This is based on the Assembly's size and the level of commitments held. The CC aim to ensure that the Assembly will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income. The Property Fund is designated to provide for the future joint purchase of a manse in the event that an incoming Minister requires assistance in purchasing a house. In reviewing the cost of housing in the Borough it will be necessary to increase the amount held in the fund. The CC will endeavour not to 'sit' on funds unnecessarily.
## **Staff & Volunteers.**
The Church employs a part-time Youth Leader, a part-time church administrator and three part-time Cleaners. The achievements of the past year are due to the continuing voluntary help of the Members in the various departments of the work.
No remuneration was received by the Trustees other than the out of pocket expenses disclosed in the accounts and no material transaction took place between the Church and a Trustee or any person connected with any of them. The cost of maintenance and improvements to the Property is met from Gifts in Kind and Income from the General and Property Fund.
## **Property.**
The Assembly property is freehold and held in trust by the Holding Trustees and consists of four persons. However, there is presently one position vacant. The Holding Trustees are appointed by and are responsible to the Church Council.
The Holding Trustees are:
Mr Felix Baptiste Mrs Betty Duckett Mr Branford B. Yeboah
## **Reference & Administrative details**
The **Full Gospel Hall** is a Registered Charity number **1054391** and is situated in East Ham in the London Borough of Newham. It is in Fellowship with the Assemblies of God.
## The principal address is **91, Plashet Grove, East Ham, London, ES 1AA.**
The **primary bankers** are HSBC Bank pie. 118, High Street North, East Ham, London E6 2HX.
```
2.
```
## **THE FULL GOSPEL HALL**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31[st] DECEMBER 2021 (Continued)**
## **Structure, governance and management.**
The Governing document is a Deed of Trust and the Trust is unincorporated. Whilst reviewing the governance of the Assembly the attention of the CC was drawn to the fact that the document is out of date, the model deed having been revised by the Assemblies of God. It was decided to engage Geldards, the AOG Solicitors, to prepare a new document for the Full Gospel Hall. This new Deed was completed in early 2021.
For the present, the method of appointment of Church Council Members is set out in the Constitution adopted 8[th ] April 1995. During the year the membership of the Church Council was strengthened by the addition of four persons. The Church Council members are responsible for making decisions on all matters of general concern and importance to the Assembly including deciding on how the funds of the Assembly are to be spent.
The Church Council Members are:
Ms Valerie Robinson
Interim Lead Pastor Patricia John Mr E. A. Boateng **Mr B.B.Yeboah** Ms Hanan Alamy Mr F.A. Kuagbela Mr J. Ogundele
There are presently five persons serving as Deacons. The membership of the Deaconate is by nomination and election by those who are full members of the Assembly. All those who attend the services regularly are encouraged to apply for membership and take an active role in the life of the Assembly. The members of the Deaconate are:
Mrs Ada Adu Mr James lziegbe Mr Amos Ndubuisy Mrs Betty Duckett Mr Kayode Olowfila
3.
## **THE FULL GOSPEL HALL**
## **TRUSTEES REPORT**
## **FOR THE YEAR ENDED 31[st] DECEMBER 2021 (Continued)**
## **Names of the Charity Trustees who manage the Charity:**
Acting Pastor Rev. Mrs Patricia John Secretary Ms Valerie Robinson Treasurer Mr Francis Kuagbela Mr Branford B. Yeboah
## **TRUSTEES RESPONSIBILITIES**
The Charities Act 2011(the 2011 Act) requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to:
i) Select suitable accounting policies and apply them consistently ii) Make judgements and estimates that are reasonable and prudent iii) Prepare financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in existence.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Declarations.**
The trustees declare that they have approved the trustees' report above
## **Signed on behalf of the charity's trustees'**
Signature . ..................
Full name: Francis Kuagbela
Position: Treasurer Date: 30/9/2022
4.
**FULL GOSPEL HALL** - **EAST HAM**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2021**
|**INCOMING RESOURCES**
Notes
Voluntary Income
**3a**
Activities for Generating Funds
**3b**
Investment Income Receipts
**3c**
Other Income Resources
**3d**
**TOTAL INCOME RESOURCES**
**RESOURCES EXPENDED**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCE**
Total Funds Brought Forward
Prior year adjustment
Transfer of Funds|Unrestricted
Designated
Restricted
Funds
£
Funds
£
Funds
£
52,166
3,840
1,591
1,006
**57,597**
**1,006**|Total
Total
2021
£
2020
£
*
52,166
50,719
*
3,840
2,865
1,591
3,707
1,006
2,227
**58,603**
**59,518**|
|---|---|---|
||97,629
3,173
9,445|*
100,802
54,669
9,445
12,972|
||**107,074**
**3,173**|**110,247**
**67,641**|
||**49,477**
**2,167**
1,443,836
90,952
850
3,172
1,860
3.173
3,173|**51,644**
**8,123**
1,535,638
1,543,761
5,032
1,148|
||**1,394,358**
**90,952**
**3,716**|**1,489,026**
**1,535,638**|
## **TOTAL FUNDS CARRIED FORWARD**
Movements on all reserves and all recognized gains and losses are shown above. All of the organization's operations are classed as continuing. The notes on pages 6 to 12 forms part of these financial statements.
5
## **FULL GOSPEL HALL** - **EAST HAM**
## **BALANCE SHEET AS AT 31st DECEMBER 2021**
|**Fixed Assets**
Notes
Tangible Assets
**2**
**Current Assets**
GA Tax Refund - HMRC
Investment Interest Accrued
**3c**
Cash at Bank and in Hand
**7**
Debtors: Due within one year
**Sb**
**Total Current Assets**
**Creditors**
Due within one year
**Sa**
**NET CURRENT ASSETS**
**Suspense Account**
**TOTAL ASSETS**
**FUNDS OF THE CHARITY**
General Funds
Designated Funds
**6**
Restricted Funds
**5**|**Fixed Assets**
Notes
Tangible Assets
**2**
**Current Assets**
GA Tax Refund - HMRC
Investment Interest Accrued
**3c**
Cash at Bank and in Hand
**7**
Debtors: Due within one year
**Sb**
**Total Current Assets**
**Creditors**
Due within one year
**Sa**
**NET CURRENT ASSETS**
**Suspense Account**
**TOTAL ASSETS**
**FUNDS OF THE CHARITY**
General Funds
Designated Funds
**6**
Restricted Funds
**5**|Unrestricted
Funds
£
Restricted
Funds
£
**31-Dec-21**
£
**31-Dec-20**
£|
|---|---|---|
|||603952
**0**
**603952**
**601707**
4619
4619
2181
986
0
986
2513
867767
0
867767
916523
7450
0
7450
7950|
|||**880821**
**0**
**880821**
**929167**
1077
0
1077
931|
|||**880821**
**0**
**880821**
**928236**
4253
0
4253
7555|
|||**1489026**
**0**
**1489026**
**1537498**|
|||1394358
0
1394358
1443836
90952
0
90952
90952
3716
*
3716
2710|
|||**1485310**
**3716**
**1489026**
**1537498**|
Suspense Account: The difference of £4253 cannot, at present, be accounted for but we will continue to re-examine the books for the reason.
0
Approved by the Trustees and Signed on their behalf by F.A. Kuagbela, Treasurer
31st August 2022
6
## **FULLGOSPELHALL-EASTHAM**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER** 2021
## **1. ACCOUNTING POLICIES**
## **Incoming Resources:**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activitres (SOFA) when:
the charity becomes entitled to the resources; the Trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services have been delivered.
## _**Gifts in Kind**_
Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in Kind for sale or distribution are included in the accounts only when sold or distributed by the charity. Gifts in Kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) when the benefit to the charity is reasonably quantifiable, measurable and material. The value placed upon these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts but is described in the Trustees' Annual Report.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This includes any gain or loss on the sale of investments any gain or loss resulting from revaluing investments to market value at the end of the year.
## _**Liability Recognition**_
Liabilities are recognized as soon as there is a legal or constructive obligation committing the charity to pay out resources
## _**Governance Costs**_
These include costs of preparation and examination of statutory accounts, the cost of the trustees' meetings and cost of any legal advice to the trustees on governance or constitutional matters.
7
## **FULL GOSPEL HALL** - **EAST HAM**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021**
## **1 ACCOUNTING POLICIES (Continued)**
## **Expenditure and Liabilities**
## _**Grants with performance conditions**_
Where a charity gives a grant with conditions for its payment being a specific level of service or output to be provided. Such grants are only recognized in the SOFA once the recipient has provided the specific service or output.
## _**Grants payable without performance conditions**_
These are only recognized in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Support Costs**_
Support Costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources. E.g. allocating property costs by floor areas, or per capital. Staff costs by the time spent and other costs by their usage.
## _**Assets**_
Tangible fixed assets for use by the charity are capitalized if they can be used for more than one year, and cost at least £500. They are valued at cost or if gifted at the value to the charity on receipt.
## _**Investments**_
Investments quoted on a recognized stock exchange are valued at market value at the year end. Other investment assets are included at trustee's best estimate of market value.
There has been no change to the accounting policies (valuation rules and method of accounting)
## **2. TANGIBLE FIXED ASSETS**
Depreciation is calculated at a rate to write off the cost of tangible assets on a reducing balance method over their useful lives. The rates applied per annum are as follows
|Property
Furniture
Equipment
**Schedule of Fixed Assets**
**Cost**
Balance b/f
**01-Jan-21**
Additions
Disposals
Item returned for credit
**Cost at**
**31-Dec-21**
**Depreciation**
Balance b/f
**01.Jan-21**
Charge for the year
**Depreciation for the year**
**Net Book Value as at**
**31-Dec-21**
**Net Book Value as at**
**31-Dec-20**|0%
10%
25%
**Property**
**Furniture**
**Equipment**
**Total**
£
590,000.00
£
28,976.00
£
43,265.43
£
662,241.43
2,235.93
2,235.93|
|---|---|
||**590,000.00**
**28,976.00**
**45,501.36**
**664,477.36**|
||22,703.20
35,182.97
47,393.69
564.55
2,074.45
2,639.00|
||
**23,267.75**
**37,257.42**
**50,032.69**
**590,000.00**
**5,708.25**
**8,243.94**
**603,952.19**
**590,000.00**
**6,272.80**
**8,082.46**
**604,355.26**|
8
## **3. INCOMING RESOURCES**
|Notes
**a) Voluntary Income**
Tithes and Offerings
Gift Aid
Other receipts
Missions
**5a**
Social & Educational
**5b**
Other funds
**5d**
Book Fund
**5e**
Tax Recovered
Flowers
Catering
Junior Church Offerings
Equipment Credit
**b) Activities for Generating Funds**
Rent
Church Organizations
**5c**
**c) Investment Income**
**(Interest)**
HSBC Current Account
HSBC Deposit Account
HSBC Property Account
Kingdom Bank Treasury 5001-01158 X
Saffron Building Society 12 Bond
**d) Other Incoming Resources**
Software Support - Cancelled DD
Miscellaneous
Book Sales
Gift Aid - Accrued tax recovered|Notes
**a) Voluntary Income**
Tithes and Offerings
Gift Aid
Other receipts
Missions
**5a**
Social & Educational
**5b**
Other funds
**5d**
Book Fund
**5e**
Tax Recovered
Flowers
Catering
Junior Church Offerings
Equipment Credit
**b) Activities for Generating Funds**
Rent
Church Organizations
**5c**
**c) Investment Income**
**(Interest)**
HSBC Current Account
HSBC Deposit Account
HSBC Property Account
Kingdom Bank Treasury 5001-01158 X
Saffron Building Society 12 Bond
**d) Other Incoming Resources**
Software Support - Cancelled DD
Miscellaneous
Book Sales
Gift Aid - Accrued tax recovered||Unrestricted
Designated
Restricted
Total
Total
Funds
£
Funds
£
Funds
£
2021
£
2020
£
21,223
21,223
10,234
30,943
30,943
31,975
2,000
*
596
1,005 *
1,005
5,813
93
**52,166**
**1,005**
**53,171**
**50,711**
3,840
3,840
2,828
*
37
**3,840**
**3,840**
**2,865**
55
55
548
1
1
35
1,489
1,489
3,009
46
46
115|
|---|---|---|---|
|||||
|||||
|||||
|||||
||||**1,591**
**1,591**
**3,707**
46
7,736
**7,736**
**3,376**
**46**|
|**TOTAL INCOME RESOURCES:**||||
||||**65,333**
**1,005**
**61,978**
**57,329**|
9
## **FULL GOSPEL HALL** - **EAST HAM**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2021**
## **4. RESOURCES EXPENDED**
|Notes
**a) Costs of Charitable Activities**
AOG Benevolent Fund
AOG Subscription
Book Fund
**Se**
Catering Costs
Church Building
Church Housing
Church Organizations
**Sc**
Cleaner's Salaries Gross
**9**
Cleaning Materials
Equipment Purchases
<500
Flowers
Furniture
<500
Junior Church
Literature/ Outreach
Ministry
Miscellaneous
Missions
**Sa**
National Insurance Contributions FGH
NEST Pension Fund Contibutions FGH
Other Funds
**Sd**
Pastor's Expenses
**10**
Pastor's Salary
Gross
**10**
Piano Tuning
Postage
Stationery
Social & Educational
**Sb**
Telephone
Utilities
(Gas, Water, Electricity)
Visitation
Youth Pastor's Salary Gross
Church Administrator
**b) Governance Costs**
Accounts Examination
Bookkeeping Fees
AOG Fees - Gift Aid Submission
AOG HE Administrative charges accrued
31:8 (CCPAS)
Copyright Licence
Depreciation
Insurance Costs
Solicitor's fees (New Deed)
Website
Software support
**TOTAL COSTS:**|Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
2021
2020
£
£
£
£
£
1,764
1,764
3,264
95
95
26,302
26,302
10,927
31,663
31,663
148
2,673
2,673
289
11,069
11,069
12,653
371
371
362
149
200
200
620
60
709
423
3,520
3,520
1,700
711
711
471
500
500
1,100
540
540
231
231
367
988
988
125
70
39
39
104
226
226
206
1,000
1,832
1,832
1,813
2,004
2,004
4,037
1,459
1,459
12,740
12,740
12,740
1,875
**97,629**
**3,173**
1,875
**100,802**
**53,337**|
|---|---|
||800
800
800
3,268
3,268
1,976
187
187
480
277
277
131
183
183
163
381
381
368
2,639
2,639
2,648
1,476
1,476
1744
4,298
159
159
846
75
75
319|
||**9,44S**
**9,44S**
**13,773**|
|||
||**107,074**
**3,173**
**110,247**
**67,110**|
10
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2021**
## **5. RESTRICTED FUNDS**
|Balance at
01-Jan-21
£
Income
£
Expenditure
£
Transfers
£
Balance at
31-Dec-21
£
**a)Mission Funds**
LoRe Italy
Christian Solidarity
Missions & Missionary Societies
500
500
**500**
**500**
**b)Social**&**Educational**
**CAM**Baby Food
Jamaica Shipping
Dominica Shipping
Returned Cheques
Other Beneficiaries
**c)Church Organizations**
Tuesday Fellowship
260
260
Ladies' Ministries
251
251
Men's Fellowship
Children's Work
2,673
2,673
0
Youth Clubs
Church Outing
**511**
**2,673**
**2,673**
**511**
**d) Other Funds**
Bequest from**Miss**D. Eldridge's estate
640
640
VentilationFans
399
399
E Adams Bequest
500
500
G. Whitehorne Bequest
300
300
Other Funds
1,006
1,006
**1,839**
**1,006**
**2,845**
**e) Book Fund**
Book Fund
360
360
**360**
**360**
**TOTAL**
**2,710**
**1,006**
**3,173**
**3,173**
**3,716**
Restricted funds are to be expended as specified above.
The restricted funds are wholly represented by the cash reserves of the charity||Balance at
01-Jan-21
£
Income
£
Expenditure
£
Transfers
£
Balance at
31-Dec-21
£
500
500
**500**
**500**|
|---|---|---|
||||
|||260
260
251
251
2,673
2,673
0
**511**
**2,673**
**2,673**
**511**
640
640
399
399
500
500
300
300
1,006
1,006
**1,839**
**1,006**
**2,845**
360
360
**360**
**360**|
||||
||||
||||
|||**2,710**
**1,006**
**3,173**
**3,173**
**3,716**|
## **6 DESIGNATED FUNDS**
|Property Fund
Revised 30/09/2021|90,952
90,952
**90,952**
**90,952**|
|---|---|
11
## **FULL GOSPEL HALL - EAST HAM**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2021**
## **7. CASH AT BANK AND IN HAND**
|Current Account
HSBC
Deposit Account
HSBC
Property Account
HSBC
12 Month Treasury
Kingdom Bank
5001-01158-X
Deposit Account
Saffron Building Society 65168331
Cash in Hand
General Fund
Tuesday Fellowship
Ladies' Ministries
(was Women's Fellowship)
**Sa. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accountancy Fee
AOG HQ Administrative charges Accrued
Deferred Donation -: Equipment
See note * below:|**31-Dec-21**
£
3,714
532,404
1,940
236,002
92,837
359
260
251
**S67,767**
800
277
**1,077**|**31-Dec-20**
£
2,822
550,063
35,473
234,505
92,790
359
260
251|
|---|---|---|
|||**916,523**|
|||800
131|
|||**931**|
* Deferred Donations received and receivable in respect of Capital expenditure are treated as deferred income and are only included in the SOFA over the estimated life of the Asset to which they relate
## **Sb. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Short term loans
**opening**
**Repayment**
EN
GG Reis
1,300
500
EAB
BN
NL
1,450
DO
1,000
SU
ELA
PFL
4,200
**7,950**
**500**
Kingdom Bank Investment income accrued as at 31st December
GA Tax Refund - HMRC as at 31st December
**9. PART TIME EMPLOYEES**
Youth Pastor's gross salary
Cleaners' gross salary
Church administrator
**Employees who were engaged in the each of following activities:**
Activities in furtherance of the organization's objectives:|**Repayment**
500|**Loan taken**
**Closing**
800
1,450
1,000
4,200|**2020**
1,300
1,450
1,000
4,200
**7,950**
**2020**
2,513
2,181
12,740
12,652
**25,392**|
|---|---|---|---|
|||**7,450**||
|||**2021**
986
4,619
12,740
11,069
1,875
**25,6S4**
5||
||||5|
The charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments of over £50,000. (2019: None)
12
## **FULL GOSPEL HALL - EAST HAM**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2021**
## **10. TRUSTEES AND OTHER RELATED PARTIES**
with them during this financial period. No material
No payments were made to Trustees or any persons connected transaction took place between the organization and a Trustee or any person connected with them.
## **11 RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil their charitable objectives even if there is a temporary shortfall in income. The Trustees will endeavour not to 'sit' on funds unnecessarily.
13