|Contents ofthe Finan|atements||||
|---|---|---|---|---|
|for the<br>I|December 2020||||
||||Page||
|Reference and Administrative<br>Details|||||
|Report ofthe Trustees||2|to|3|
|Independent<br>Examiner's<br>Report|||||
|Statement ofFinancial Activities|||||
|Balance Sheet|||||
|Notes to the Financial Statements||7|to|12|
|Detailed Statement ofFinancial Activities||13|to|14|





|TRUSTEES||Revd. Seth Mensah|Revd. Seth Mensah|Revd. Seth Mensah|
|---|---|---|---|---|
|||Alex Teinor|||
|||Nana Marfo|Bonsu||
|||Kwabena 0|Bonsu||
|||Mrs Felicia Damoah|||
|PRINCIPAL ADDRESS||171Hertford|Road||
|||Edmonton|||
|||London|||
|||N9 7EP|||
|REGISTERED|CHARITY|1067726|||
|NUMBER|||||
|INDEPENDENT|EXAMINER|Frank Jay &Co|||
|||Chartered<br>Certified Accountants|||
|||89A Kingsland||High Street|
|||Dalston|||
|||London|||
|||ES2PB|||
|BANKERS||Natwest<br>Bank|Plc||
|||41 West Favell|Centre||
|||Northampton|||
|||NN3 SJT|||





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||Statement ofFin|Statement ofFin|cial Activ' ies||||
|---|---|---|---|---|---|---|
||for the|ear ended 31 December 2020|||||
|||||31.IX20|31.12.19||
|||||Unrestricted||Total|
|||Notes||funds||fundsf|
|INCOME AND ENDOWMENTS FROM|||||||
|Donations<br>and legacies||||335,094||386,953|
|Investment<br>income||||3,098||1,722|
|Total||||338,192||388,675|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Cost ofchurch activities and ministries||||175,807||240,972|
|Support costs||||9,906||3,326|
|Governance<br>costs||||45,009||52,957|
|Total||||230,722||297,255|
|NET INCOME||||107,470||91,420|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought|forward|||1,518,849|1,427,429||
|TOTAL FUNDS CARRIED FORWARD||||1 626319|1|318849|





## 

|||31.12.20|31.12.19|
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets||1,396,419|1,407,845|
|CURRENT ASSETS||||
|Debtors|10|55,032|15,632|
|Cash at bank and in hand||321,740|263,232|
|||376,772|278,864|
|CREDITORS||||
|Amounts<br>falling due within one year||(2,446)|(3,059)|
|NET CURRENT ASSETS||374326|275,805|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||1,770,745|1,683,650|
|CREDITORS||||
|Amounts<br>falling due after more than one year|12|(144,426)|(164,801)|
|NET ASSETS||I 626,319|1,518,849|
|FUNDS|14|||
|Unrestricted<br>funds:||||
|General fund||1,626,319|1,518,849|
|TOTAL FUNDS||I 626,319|1,518849|






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|2.|DONATIONS|AND|LEGACIES||||
|---|---|---|---|---|---|---|
||||||31.12.20|31.12.19|
||Offerings||||9,773|7,975|
||Donations<br>and tithes||||128,132|158,182|
||GiA aid||||60,149|65,723|
||Harlow<br>branch|income|||12,835|18,527|
||Northampton|branch|income||21,950|23,115|
||Luton branch|income|||102355|113431|
||||||335 094|386953|
|3.|INVESTMENT INCOME||||||
||||||31.12.20|31.12.19<br>f|
||Rents received||||3,000|1,500|
||Deposit account interest||||98|222|
||||||~3098|1,722|
|4.|CHARITABLE ACTIVITIES COSTS||||||
||||||Support||
|||||Direct|costs (see||
|||||Costs|note 5)|Totals|
||Cost ofchurch|activities and ministries||175,807||175,807|
||Support costs||||9,906|9,906|
||Governance<br>costs||||45 009|45 009|
|||||175,807|54.915|230 722|
|5.|SUPPORT COSTS||||||
||||||Governance||
|||||Finance|costs|Totals|
|||||||f|
||Support costs|||9,906||9,906|
||Governance<br>costs||||~45 009|~45 009|
|||||~9906|~45 009|~54 915|





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|STAFFCOSTS|||||||
|---|---|---|---|---|---|---|
|The average monthly|number ofemployees|||during the year was as follows:|||
||||||31.12.20|31.12.19|
|Pastoral|||||3|3|
|No employees<br>received||emoluments|in excess off60,000.||||
|COMPARATIVES|FORTHE STATEMENT OFFINANCIAL ACTIVITIES||||||
|||||||Unrestricted|
|||||||fundsf|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations<br>and legacies||||||386,953|
|Investment<br>income||||||1,722|
|Total||||||388,675|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Costofchurch activities||and ministries||||240,972|
|Support costs||||||3,326|
|Governance<br>costs||||||52,957|
|Total||||||297,255|
|NET INCOME||||||91,420|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought|forward|||||1,427,429|
|TOTAL FUNDS CARRIED FORWARD||||||1 518,849|





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||for the|rend<br>d 31 Decem|ber 2020|||
|---|---|---|---|---|---|
|9.|TANGIBLE FIXEDASSETS|||||
|||Freehold|Plant and|Motor||
|||property|machinery|vehicles|Totals<br>f|
||COST|||||
||At<br>1 January 2020|1,471,79 l|169,97l|21,050|1,662,812|
||Additions||4 892||4 892|
||At 31 December 2020|I 471.791|174 863|21 050|1,667,704|
||DEPRECIATION|||||
||At I January 2020|84,382|149,535|21,050|254,967|
||Charge for year|8,344|7974||16318|
||At 31 December 2020|92,726|157509|21 050|271,285|
||NET BOOKVALUE|||||
||At 31 December 2020|I 379065|17354|-|I 396419|
||At 31 December 2019|I 387409|20436|-|I 407,845|
|10.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||31.]2.20<br>f|31.12.19<br>f|
||Members soA loans|||46,800|8,000|
||Prepayments|||~8232|7,632|
|||||~55 032|15,632|
|11.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||31.12.20|31.12.19|
||||||f|
||Trade creditors|||588|143|
||Taxation and social security|||1,458|1,525|
||Other creditors|||400|1,391|
|||||2,446|3,059|





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||forthe<br>earended<br>I Decembe|forthe<br>earended<br>I Decembe|forthe<br>earended<br>I Decembe|forthe<br>earended<br>I Decembe|forthe<br>earended<br>I Decembe|r2020|||
|---|---|---|---|---|---|---|---|---|
|12.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE|||||THAN ONE|YEAR||
||||||||31.12.20|31.12.19|
||||||||f|f|
||Bank loans (see note||13)||||144426|164 801|
|13.|LOANS||||||||
||An analysis ofthe maturity of|||loans is given below:|||||
||||||||31.12.20|31.]2.19<br>f|
||Amounts<br>falling due||in more than||five years:||||
||Repayable<br>otherwise||than by instalments:||||||
||Bank loans more 5 yrs non-inst||||||144,426|164,80I|
|14.|MOVEMENT IN FUNDS||||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.120|in funds<br>f|31.12.20<br>f|
||Unrestricted|funds|||||||
||General<br>fund|||||I,518,849|107,470|1,626,3 I9|
||TOTAL FUNDS|||||I 518,849|107,470|1,626319|
||Net movement|in funds, included|||in the above are as follows:||||
|||||||Incoming|Resources|Movement|
|||||||I'esoUrces|expended<br>f|in funds<br>f|
||Unrestricted|I'unds|||||||
||General fund|||||338,192|(230,722)|107,470|
||TOTALFUNDS|||||338,192|~230,722)|107470|
||Comparatives|for movement||in|funds||||
||||||||Nct||
||||||||movement|At|
|||||||At 1.1.19|in funds|31.12.19|
|||||||||f|
||Unrestricted|funds|||||||
||General<br>fund|||||1,427,429|91,420|I,SI8,849|
||TOTAL FUNDS|||||I 427 429|91 420|I 518,849|





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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources<br>f|expended<br>f|in funds<br>f|
|Unrestricted||funds||||
|General|fund||388,675|(297355)|91,420|
|TOTAL|FUNDS||388675|~297+55)|91 420|



||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.19|in funds|31.12.20|
|||f,|||
|Unrestricted|funds||||
|General fund||1,427,429|198,890|1,626,319|
|TOTALFUNDS||1 427429|198890|I 626.319|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds<br>f|
|Unrestricted|funds||||
|General fund||726,867|(527,977)|198,890|
|TOTAL FUNDS||726,867|~527977)|198890|



## 



||Ins|i<br>tionalC|h<br>rism|i|h|H<br>seof<br>ra er|||
|---|---|---|---|---|---|---|---|---|
|||Detailed|Statem|n|in|i IA iv'i s|||
|||for the|ear ended||I December 202||||
||||||||31.12.20<br>f|31.]2.19<br>f|
|INCOME AND ENDOWMENTS|||||||||
|Donations and legacies|||||||||
|Offerings|||||||9,773|7,975|
|Donations<br>and tithes|||||||128,132|158,182|
|GiA aid|||||||60,149|65,723|
|Harlow branch income|||||||12,835|18,527|
|Northampton<br>branch income|||||||21,950|23,115|
|Luton branch income|||||||102,255|113,431|
||||||||335,094|386,953|
|Investment<br>income|||||||||
|Rents received|||||||3,000|1,500|
|Deposit account interest|||||||98|222|
||||||||3098|1,722|
|Total incoming<br>resources|||||||338,192|388,675|
|EXPENDITURE|||||||||
|Charitable<br>activities|||||||||
|Security costs|||||||872|404|
|Repairs and maintenance|||||||2,241|4,706|
|Rates and water|||||||2,043|2,157|
|Insurance|||||||1,713|2,010|
|Light and heat|||||||4,152|4,887|
|Telephone|||||||2,648|2,609|
|Postage and stationery|||||||1,787|701|
|Donation<br>and welfare|||||||21,660|20,287|
|Cleaning<br>and decoration|||||||2,511|1,072|
|Children's<br>and Youth ministry|||||||2,348|3,780|
|Ghana branch costs|||||||10,000|36,673|
|Harlow branch costs|||||||6,369|17,070|
|Luton branch costs|||||||72,702|59,120|
|Ministry<br>and outreach|||||||11,031|35,034|
|Northainpton<br>branch costs|||||||15,976|17,196|
|Women's<br>ministry<br>costs||||||||3,500|
|Equipinent<br>expensed|||||||1,438|2,395|
|Depreciation oftangible|fixed assets||||||16316|18,684|
||||||||175,807|232,285|
|Support costs|||||||||
|Finance|||||||||
|Bank charges|||||||2,085|3,326|
|Bank loan interest|||||||7 821|8,666|
||||||||9,906|11,992|





||||Ins<br>i|ionalC|harismaticChurch<br>H|o s|eof<br>ra er|||
|---|---|---|---|---|---|---|---|---|---|
||||D|iled|Statement ofFinancial|A|' ities|||
|||||f rthe|ear ended 31 December||2020|||
|||||||||31.12.20|31.]2.19|
|Finance||||||||||
|Governance|costs|||||||||
|Wages||||||||43,807|43,625|
|Social security|||||||||2l|
|Pensions||||||||802|732|
|Examiner's|fee|||||||400|400|
|legal and professional||fee|||||||8,200|
|||||||||45 009|52 978|
|Total resources expended||||||||230722|297255|
|Net income||||||||107,470|91 420|