2021-12-31-accounts - Inspirational Charismatic Church (House Of Prayer_

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	7	to	12
Detailed Statement ofFinancial Activities	13	to	14

for t	he ear ended 1 ember	2021
		31.12.21	31.12.20
		Unrestricted	Total
		funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		367,421	335,094
Investment income		I 311	3 098
Total		368,932	338,192
EXPENDITURE ON
Charitable activities
Cost ofchurch activities and ministries		193,781	175,807
Support costs		5,055	9,906
Governance costs		54,498	45,009
Total		253,334	230,722
NET INCOME		115,598	107,470
RECONCILIATION OF FUNDS
Total funds brought forward		1,626,319	1,518,849
TOTAL FUNDS CARRIED FORWARD		I 741 917	I 626319

	BggiLcC'i~I 31 Decem er2021
		31.12.21	31.I2.20
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS
Tangible assets		1,396,915	1,396,419
CURRENT ASSETS
Debtors	10	63/32	55,032
Cash at bank and in hand		338,032	321 740
		401,264	376,772
CREDITORS
Amounts falling due within one year		(6,262)	(2,446)
NET CURRENT ASSETS		395002	374 326
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,791,917	1,770,745
CREDITORS
Amounts falling due aAer more than one year	12	(50,000)	(144,426)
NET ASSETS		1 741,917	1 626319
FUNDS	14
Unrestricted funds:
General fund		1 741917	1 626319
TOTAL FUNDS		1 741 917	1,626319

DONATIONS	AND LEGACIES
			31.12.21	31.12.20
Offerings			13,014	9,773
Donations and	tithes		131,372	128,132
Gift aid			52,849	60,149
Harlow branch	income		29,120	12,835
Northampton	branch income		22,733	21,950
Luton branch	income		118333	102255
			367421	335094
INVESTMENT INCOME
			31.12.21	31.12.20
Rents received			1,500	3,000
Deposit account interest			11	98
				~3098
CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs f	note 5)	Totals
Cost ofchurch	activities and ministries	193,380	401	193,781
Support costs			5,055	5,055
Governance costs			54498	54498
		193380	59954	253 334
SUPPORT COSTS
			Governance
		Finance	costs	Totals
			f	f
Cost ofchurch	activities and ministries		401	401
Support costs		5,055		5,055
Governance costs			~54498	54498
		~5055		~59 954

STAFFCOSTS
The average monthly	number ofemployees			during the year was as follows:
					31.12.21	31.12.20
Pastoral					4	3
No employees received		emoluments	in excess off60,000.
COMPARATIVES	FORTHE STATEMENT OF FINANCIAL ACTIVITIES
						Unrestricted
						funds
INCOME AND ENDOWMENTS			FROM
Donations and legacies						335,094
Investment income						3 098
Total						338,192
EXPENDITURE ON
Charitable activities
Cost ofchurch activities		and ministries				175,807
Support costs						9,906
Governance costs						45,009
Total						230,722
NET INCOME						107,470
RECONCILIATION	OF FUNDS
Total funds brought	forward					1,518,849
TOTAL FUNDS CARRIED FORWARD						I 626,3l9

	for the	ear ended 31 Decem	021
9.	TANGIBLE FIXEDASSETS
		Freehold	Phnt and	Motor
		property f	machinery	vehicles f	Totals f
	COST
	At 1 January 2021	1,47],791	174,863	21,050	1,667,704
	Additions		18500		18500
	At 31 December 2021	I 471 791	193363	21 050	I 686204
	DEPRECIATION
	At 1 January 2021	92,726	157,509	21,050	271,285
	Charge for year	8 343	9661		18004
	At 31 December 2021	101069	167 170	21 050	289289
	NET BOOK VALUE
	At 31 December 2021	1370722	26193	-	1396915
	At 31 December 2020	I 379065	17354	-	I 396419
10.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.12.21 f	31.12.20
	Members soR loans			50,000	46,800
	Accrued income			1,500
	Prepayments			11732	~8232
				~63 232	~55 032
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.12.21	31~12.20
	Trade creditors			5,302	588
	Taxation and social security			160	1,458
	Other creditors			800	400
				6/62	~2446

	fo the ear ended 31 be	fo the ear ended 31 be	fo the ear ended 31 be	fo the ear ended 31 be	fo the ear ended 31 be	r 202 l
12.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE					THAN ONE	YEAR
							31.12.21	31.12.20
	Bank loans (see note		13)				50,000	144426
13.	LOANS
	An analysis ofthe maturity of			loans is given below:
							31.12.21	31.12.20
	Amounts falling due		in more than		five years:
	Repayable otherwise		than by instalments:
	Bank loans more 5 yrs non-inst						50000	144,426
14.	MOVEMENT IN FUNDS
							Net
							movement	At
						At 1.121	in funds	31.12.21
	Unrestricted	funds
	General fund					1,626,3l9	l15,598	1,74l,917
	TOTAL FUNDS					I 626319	115,598	I 741,917
	Net movement	in funds, included			in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds f
	Unrestricted	funds
	General fund					368,932	(253,334)	1 l5,598
	TOTALFUNDS					368932	~253 334)	115598
	Comparatives	for movement		in	funds
							Net
							movement	At
						At 1.1.20	in funds	31.12.20
	Unrestricted	funds
	General fund					I,S I8,849	107,470	1,626,319
	TOTAL FUNDS					I 518849	107470	I 626319

Ins	iration I C	harismati	C urch House of er
	Detailed	t m n	Financial Activities
	for he	ear en	December 2021
				31.12.21f	31.12.20 f
INCOME AND ENDOWMENTS
Donations and legacies
Offerings				13,014	9,773
Donations and tithes				131,372	128,132
GiR aid				52,849	60,149
Harlow branch income				29,120	12,835
Northampton branch income				22,733	21,950
Luton branch income				118333	~102 55
				367,421	335,094
Investment income
Rents received				1,500	3,000
Deposit account interest				11	98
				I 511	3098
Total incoming resources				368,932	338,192
EXPENDITURE
Charitable activities
Security costs				925	872
Repairs and maintenance				1,916	2/41
Rates and water				1,889	2,043
Insurance				1,795	1,713
Light and heat				5,114	4,152
Telephone				2,448	2,648
Postage and stationery				1,391	1,787
Donation and welfare				19/65	21,660
Cleaning and decoration				1,159	2,511
Children's and Youth ministry				1,428	2/48
Ghana branch costs				18,363	10,000
Harlow branch costs				20,770	6,369
Luton branch costs				57,491	72,702
Ministry and outreach				23,775	11,031
Northampton branch costs				16,636	15,976
Equipment expensed				1,010	1,438
Depreciation oftangible fixed assets				18005	16316
				193,380	175,807
Support costs
Finance
Bank charges				2,489	2,085
Bank loan interest				2 566	7,821
				5,055	9,906