**REGISTERED CHARITY NUMBER: 1054716** ## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR PROTESTANT BAPTIST CHURCH WORKS &MISSION** Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford KENT DA1 2AG **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 10| |Detailed Statement of Financial Activities|11| **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** The Trustees present their report and financial statements for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016) ## **Objectives and activities** The charity's objectives are the advancement of the Christian religion and the provision of welfare for those in need. There has been no change in these during the year. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Activities undertaken during the year included: Providing help to people, including members, who request help. Supplying meals to the homeless visiting the Church after Sunday services. Arranging home visits to pray for sick by regular meeting in different Church houses. Providing help to the needy and encouragement to integrate fully in the community. ## **Achievements and performance Financial review** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The reserves are maintained at a level sufficient to enable the Pastor to continue to administer and keep the Church open. The Trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. It is planned to acquire a building to function for the purposes of hosting services, programmes and other related charitable activities of the Church. ## **Structure, governance and management** The charity is a n unincorporated charity controlled by its governing document, a deed of trust. The Trustees who served during the year and up to the date of signature of the financial statements were: Ms Eugenie Kouadio Mr Harold Asse Mr Loseka Wangu Mr Charles Balou Mr Aboubakar Ouattara Ms Veronique Kei The power to appoint new trustees, whose number shall not be limited, is vested in the serving or continuing trustees. The church is administered by the trustees who are appointed by the members of the congregation. Throughout the year the congregation averaged sixty members. Day to day ecclesiastical matters are dealt with by the Pastor, Bediakon Nicolas. The Trustees' report was approved by the Board of Trustees. Page 1 **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1054716 ## **Principal address** Vauxall Gardens Community Center 5 Glasshouse Walk London SE11 5ES ## **Trustees** Ms E Kouadio H Asse C Balou Ms V Kei A Ouattara L Wangu ## **Independent examiner** Adams & Moore Association of Chartered Certified Accountants Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford KENT DA1 2AG ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on 31 October 2021 and signed on its behalf by: Ms E Kouadio - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROTESTANT BAPTIST CHURCH WORKS &MISSION** I report on the accounts for the year ended 31 December 2020, which are set out on pages four to ten. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Adams & Moore Association of Chartered Certified Accountants Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford KENT DA1 2AG 31 October 2021 Page 3 **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |31.12.20
Unrestricted
funds
Notes
£
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
44,884
Investment income
2
144
**Total incoming resources**
45,028
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
3
13,424
**Charitable activities**
Charitable Activity
338
**Governance costs**
(232)
**Total resources expended**
13,530
**NET INCOMING RESOURCES**
31,498
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
107,014
**TOTAL FUNDS CARRIED FORWARD**
138,512|31.12.19
Total
funds
£
52,513
174
52,687
30,474
267
5,298
36,039
16,648
90,366
107,014| |---|---| The notes form part of these financial statements Page 4 ## **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **BALANCE SHEET AT 31 DECEMBER 2020** |31.12.20
Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
6
832
**CURRENT ASSETS**
Debtors
7
1,300
Cash at bank and in hand
138,540
139,840
**CREDITORS**
Amounts falling due within one year
8
-
**NET CURRENT ASSETS**
139,840
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
140,672
**ACCRUALS AND DEFERRED INCOME**
9
(2,160)
**NET ASSETS**
138,512
**FUNDS**
10
Unrestricted funds
138,512
**TOTAL FUNDS**
138,512|31.12.19
Total
funds
£
1,040
1,701
107,513
109,214
(2,160)
107,054
108,094
(1,080)
107,014
107,014
107,014| |---|---| The financial statements were approved by the Board of Trustees on 31 October 2021 and were signed on its behalf by: Ms E Kouadio -Trustee The notes form part of these financial statements Page 5 **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. ACCOUNTING POLICIES** ## **Accounting convention Accounting policies** Charity information Protestant Baptist Church Works & Mission International is an unincorporated charity.. ## **Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restrict Going concern ## **Going Concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.ed funds are set out in the notes to the financial statements. ## **Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognized in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. **Financial assets and liabilities** are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realize the asset and settle the liability simultaneously. ## **Basic financial assets** Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial Page 6 **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. ACCOUNTING POLICIES - continued** ## **Accounting convention** assets classified as receivable within one year are not amortized. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Accounting policy** Accounting Policy Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognized so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures, fittings & equipment 20% on costs. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognized in net income/(expenditure) for the year. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **2. INVESTMENT INCOME** ||31.12.20|31.12.19| |---|---|---| ||Unrestricted|Total| ||funds|funds| ||£|£| |Interest receivable|144|174| Page 7 **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020** ## **3. COSTS OF GENERATING VOLUNTARY INCOME** ||31.12.20|31.12.19| |---|---|---| ||Unrestricted|Total| ||funds|funds| ||£|£| |Direct Expense|7,226|7,574| |Rent of Hall|1,730|17,885| |Support costs|4,468|5,015| ||13,424|30,474| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **5. STAFF COSTS** |Wages and salaries|31.12.20
£
4,468|31.12.19
£
4,220| |---|---|---| |The average monthly number of employees during the year was as follows:|31.12.20
-|31.12.19
-| No employees received emoluments in excess of £60,000. ## **6. TANGIBLE FIXED ASSETS** |**TANGIBLE FIXED ASSETS**|| |---|---| |**COST**|Fixtures and
fittings
£| |At 1 January 2020 and 31 December 2020|5,398| |**DEPRECIATION**|| |At 1 January 2020|4,358| |Charge for year|208| |At 31 December 2020|4,566| |**NET BOOK VALUE**|| |At 31 December 2020|832| |At 31 December 2019|1,040| Page 8 **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020** |**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |---|---|---|---|---|---| |||||31.12.20|31.12.19| |||||£|£| ||Trade debtors|||-|1| ||Other debtors|||1,300|1,700| |||||1,300|1,701| |**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| ||Trade creditors|||31.12.20
£
-|31.12.19
£
2,160| |**9.**|**ACCRUALS AND DEFERRED INCOME**||||| ||Accruals and deferred income|||31.12.20
£
2,160|31.12.19
£
1,080| |**10.**|**MOVEMENT IN FUNDS**||||| ||**Unrestricted funds**|At 1.1.20
£||Net movement
in funds
£|At 31.12.20
£| ||General fund|107,014||31,498|138,512| ||**TOTAL FUNDS**|107,014||31,498|138,512| ||Net movement in funds, included in the above are as follows:||||| ||**Unrestricted funds**|Incoming
resources
£||Resources
expended
£|Movement in
funds
£| ||General fund||45,028|(13,530)|31,498| ||**TOTAL FUNDS**||45,028|(13,530)|31,498| ||**Comparatives for movement in funds**||||| ||**Unrestricted Funds**|At 1.1.19
£||Net movement
in funds
£|At 31.12.19
£| ||General fund||90,366|16,648|107,014| ||**TOTAL FUNDS**||90,366|16,648|107,014| ||||||| Page 9 **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|52,687|(36,039)|16,648| ||||| |**TOTAL FUNDS**|52,687|(36,039)|16,648| ||||| A current year 12 months and prior year 12 months combined position is as follows: |Net movement
At 1.1.19
in funds
At
£
£
**Unrestricted funds**
General fund
90,366
48,146
**TOTAL FUNDS**
90,366
48,146|31.12.20
£
138,512
138,512| |---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**|Incoming
Resources
Movement in
resources
expended
funds
£
£
£| |---|---| |General fund|97,715
(49,569)
48,146| |**TOTAL FUNDS**|97,715
(49,569)
48,146| Page 10 **PROTESTANT BAPTIST CHURCH WORKS &MISSION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** **----- Start of picture text -----**
|||| |---|---|---| |31.12.20|31.12.19| |£|£| |INCOMING RESOURCES| |Voluntary income| |Donations and gifts|44,884|52,513| |Investment income| |Interest receivable|144|174| |Total incoming resources|45,028|52,687| |RESOURCES EXPENDED| |Costs of generating voluntary income| |Direct Expense|7,226|7,574| |Rent of Hall|1,730|17,885| |8,956|25,459| |Governance costs| |Sundry|640|848| |-| |Accountancy fee|1,080| |Professional fee|(1,080)|2,160| |Depreciation of tangible fixed assets|208|1,210| |(232)|5,298| |Support costs| |Management| |Interest payable|-|366| |Printing and stationery|-|116| |General office expenses|338|580| |338|1,062| |Other 4| |Volunteers contribution|4,468|4,220| |Total resources expended|13,530|36,039| |Net income|31,498|16,648| **----- End of picture text -----**
This page does not form part of the statutory financial statements Page 11