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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe trust, its Trustees|and advisers||
|Trustees' report||||2-7|
|Independent
auditors'|report|on the financial statements||8-10|
|Statement offinancial|activities||||
|Balance sheet||||12|
|Notes to the financial|statements|||13-30|
|Trustees||Pastor Derrick Wilson,|Pastor Derrick Wilson,|Chairman|Chairman||
|---|---|---|---|---|---|---|
|||Pastor Paulette Wilson|||||
|||Sunil Chothi (resigned||20 May 2021)|||
|||Victoria Shaw|||||
|||Claudette
Christie|||||
|||Ronald Montague|||||
|Charity registered|||||||
|number||1075130|||||
|Principal office||210 Latimer Road|||||
|||London|||||
|||W10 6QY|||||
|Independent|auditors|Jacksons Chartered|Accountants||||
|||First Floor|||||
|||Albion House|||||
|||Albion Street|||||
|||Hull|||||
|||East Yorkshire|||||
|||HU1 3TE|||||
|Bankers||National
Westminster||Bank Pic|||
|||159Rushey Green|||||
|||London|||||
|||SE64BJ|||||
|Accountants||SMG Business Accountants|||Ltd - Chartered|Certified Accountants|
|||London Canary Wharf||Oflice|||
|||Spaceworks, 25 Cabot Square|||||
|||London|||||
|||E144QZ|||||
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|||||||As restated|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Note|2020
8|2020|2020
8|2019f|
|Income from:|||||||
|Donations
and legacies|||246,224|746|246,970|252,963|
|Charitable
activities|||223,348||223,348|244,438|
|Other trading
activities|||207||207|2,632|
|Investments|||249||249|732|
|Total income|||470,028|746|470,774|500,755|
|Expenditure
on:|||||||
|Raising funds|||281||281|500|
|Charitable
activities|||383,127||383,127|412,626|
|Other expenditure|||17,414||17,414|20,657|
|Total expenditure|||400,822||400,822|433,783|
|Net movement
In funds|||69,206|746|69,952|65,982|
|Reconciliation
offunds:|||||||
|Total funds brought|forward as||||||
|previously
stated|||497,087|9,135|506,222|380,196|
|Prior year adjustment||||||59,044|
|Total funds brought|forward as||||||
|restated|||497,087|9,135|506,222|439,240|
|Net movement
in funds|||69,206|746|69,952|66,982|
|Total funds carried|forward||566,293|9,881|576,174|505,222|
|||||||||As restated|
|---|---|---|---|---|---|---|---|---|
|||||Note||2020||2019f|
|Fixed assets|||||||||
|Tangible assets||||12||844,385||856,000|
|||||||844,385||856,000|
|Current assets|||||||||
|Debtors||||13|79,656||43,685||
|Cash at bank and|in hand||||64,248||74,477||
||||||143,904||118,162||
|Creditors: amounts|falling||due within one||||||
|year||||14|(190,212)||(196,359)||
|Net current
liabilities||||||(46,308)||(78,197)|
|Total assets less|current||liabilities|||798,077||777,803|
|Creditors: amounts|falling||due after more||||||
|than one year||||15||(221,903)||(271,581)|
|Net assets excluding||pension asset||||576,174||506,222|
|Total net assets||||||576,174||506,222|
|Charity funds|||||||||
|Restricted funds||||18||9,881||9,135|
|Unrestricted
funds||||18||566,293||497,087|
|Total funds||||||576,174||506,222|
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|Freehold
buildings|2%straight|line|
|---|---|---|
|Motor vehicles|25% straight|line|
|Fixtures and fittings|10%straight|line|
|Office equipment|15%straight|line|
|Computer
equipment|15%straight|line|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020|2020|2020|
||||6|||
|Donations|||185,110|746|185,856|
|Government|grants —Covid Job retention|scheme|61,114||61,114|
|Total 2020|||246,224|746|246,970|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2019f|2019
6|2019f|
|Donations|||252,247|716|252,963|
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||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2020
8|2020f|
||Income from charitable||activities|- School|223,348|223,348|
||||||As restated|As restated|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2019f|2019f|
||Income from charitable||activities|—School|244,438|244,438|
|5.|Investment|income|||||
||||||Unrestricted|Total|
||||||funds|funds|
||||||2020|2020|
||||||8||
||investment|income - other local||unlisted|249|249|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2019f|2019|
||Investment|income - other local||unlisted|732|732|
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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2020f|2020f|
|Church|47,431|47,431|
|School|335,696|335,696|
|Total 2020|383,127|383,127|
||||As restated|
|---|---|---|---|
||Unrastncted|Restricted|Total|
||funds|funds|funds|
||2019f|2019|2019f|
|Church|41,723||41,723|
|Relief||5,140|5,140|
|School|365,763||365,763|
|Total 2019|407,486|5,140|412,626|
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2020|2020|
||||6|6|
|Oiherresources|expended|1|845|845|
|Oiherresources|expended|2|16,569|16,569|
|Total 2020|||17,414|17,414|
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2019f|2019
k|
|Bank|charges|and|interest|1,253|1,253|
|Loan|interest|||19,404|19,404|
|Total|2019|||20,657|20,657|
##
||Activities|||
|---|---|---|---|
||undertaken|Support|Total|
||directly|costs|funds|
||2020f|2020f|2020f|
|Church||47,431|47,431|
|School|5,088|330,608|335,696|
|Total2020|5,088|378,039|383,127|
##
||Activities||As restated|
|---|---|---|---|
||undertaken|Support|Total|
||directly|costs|funds|
||2019f|2019f|2019f|
|Church||41,724|41,724|
|Relief|5,140||5,140|
|School|15,407|350,355|365,762|
|Total 2019|20,547|392,079|412,626|
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|||||||||||Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Church|School|funds|
|||||||||2020|2020|2020|
||||||||||8|8|
|Non- contracted||saff|||||||(240)|(240)|
|Books, publications|||and|teaching||aids|||420|420|
|School trips, swimming||||and|examination||fees||921|921|
|Insurance,|licenses,||permits||and|inspection fee|||577|577|
|Bad debts|||||||||3,410|3,410|
|Total 2020|||||||||5,088|5,088|
|||||||||||Total|
|||||||||Church|School|funds|
|||||||||2019|2019f|2019|
|Non- contracted||saff|||||||1,813|1,813|
|Books, publications|||and|teaching||aids|||785|785|
|School trips, swimming||||and|examination||fees||6,710|6,710|
|Relief and donations||||||||5,140||5,140|
|Insurance,|licenses,||permits||and|inspection fee|||479|479|
|Bad debts|||||||||5,620|5,620|
|Total 2019||||||||5,140|15,407|20,547|
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|||||Total|
|---|---|---|---|---|
|||Church|School|funds|
|||2020f|2020
6|2020f|
|Staff costs|||201,886|201,886|
|Depreciation||12,066||12,068|
|Pastors allowance||14,923||14,923|
|Conferences
and training||200|296|496|
|Relief and donations||2,050||2,050|
|Equipment
rental and other|costs||1,108|1,108|
|Printing
postage and stationery|||101|101|
|Insurance,
licenses, permits|and inspection fee|2,479|2,548|5,027|
|Audit fees||1,920||1,920|
|Other professional
and admin costs||1,917|3,262|5,179|
|Subscriptions
and software|renewals|200|1,193|1,393|
|Rent, rates and council tax||956|109,696|110,652|
|Water, Gas and electric||9,351|2,582|11,933|
|Telephone,
mobile and internet||1.113|798|1,911|
|Cleaning,
repairs, maintenance
and renewals||254|5,641|5,895|
|Motor running
costs and expenses|||1,497|1,497|
|Total 2020||47,431|330,608|378,039|
##
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|Analysis ofsupport costs|(continued)||||
|---|---|---|---|---|
|||||Total|
|||Church|School|funds|
|||2019f|2019f|2019f|
|Staff costs||377|227,032|227,409|
|Depreciation||12,850|886|13,736|
|Pastors allowance||18,203||18,203|
|Conferences
and training|||856|856|
|Equipment
rental and other|costs||1,032|1,032|
|Printing
postage and stationery|||474|474|
|Insurance,
licenses, permits|and inspection fee|517|2,743|3,260|
|Audit fees||1,920||1,920|
|Other professional
and admin costs||120|5,431|5,551|
|Subscriptions
and software|renewals|258|211|469|
|Rent, rates and council tax||911|94,517|95,428|
|Water, Gas and electric||5,618|9,308|14,926|
|Telephone,
mobile and internet||768|639|1,407|
|Cleaning,
repairs, maintenance
and renewals||182|6,543|6,725|
|Motor running
costs and expenses|||682|682|
|Total 2019||41,724|350,354|392,078|
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2020f|2019f|
|Wages and|salaries|||199,146|212,992|
|Social security costs||||918|11,708|
|Contribution|to defined|contribution|pension schemes|1,822|2,709|
|||||201,886|227,409|
##
##
|accom|modation|at the church. Th|e value of pastoral
|allowances
to trustee|s were as follows:||
|---|---|---|---|---|---|---|
||||||2020f|2019f|
|Pastor|Derrick|Wilson|Passtoral|allowance|8,140|9,780|
|Pastor|Paulette|Wilson|Passtoral|allowance|6,783|8,423|
##
||||Fixtures||||
|---|---|---|---|---|---|---|
||Freehold|Motor|and|Office|Computer||
||property
f|vehicles
E|fittings
E|equipment
E|equipment
E|Totalf|
|Cost or valuation|||||||
|At 1 January 2020|1,000,000|29,814|14,170|38,607|34,926|1,117,517|
|Additions||||452||452|
|At 31 December 2020|1,000,000|29,814|14,170|39,059|34,926|1,117,969|
##
##
|||||Freehold|Motor|Motor|Fixtures and|Fixtures and||Office|Computer|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||property|vehicles|||fittings|equipment||equipment|
|||||||6||6||6|6|
||||||||||||Total|
||Depreciation|||||||||||
||At 1 January 2020|||144,000|29,814|14,170||38,607||34,926|261,517|
||Charge for the year|||12,000|||||68||12,068|
||At 31 December 2020|||156,000|29,814|14,170||38,675||34,926|273,585|
||Net book value|||||||||||
||At 31 December 2020|||844,000|||||384||844,384|
||At 31December 2019|||856,000|||||||856,000|
|13.|Debtors|||||||||||
|||||||||||2020
6|2019f|
||Due within one year|||||||||||
||Trade debtors|||||||||51,881|11,207|
||Other debtors|||||||||1,000|1,000|
||Prepayments
and accrued income|||||||||26,775|31,478|
|||||||||||79,656|43,685|
|14.|Creditors: Amounts|falling due||within one|year|||||||
|||||||||||2020f|2019f|
||Bank loans|||||||||63,319|57,071|
||Payments
received on||account|||||||13,307|12,119|
||Trade creditors|||||||||35,370|37,514|
||Other taxation
and social security|||||||||22,594|29,810|
||Pension
contributions||payable|||||||590|133|
||Other creditom|||||||||13,351|f8,532|
||Accruals and deferred||income|||||||41,681|41,180|
##
##
|14.|Creditors:|Amounts|fallin|g due within one y|ear (continued)|||
|---|---|---|---|---|---|---|---|
|||||||2020
6|2019
f|
|||||||190,212|196,359|
|15.|Creditors:|Amounts|falling due after more than one year|||||
|||||||2020|2019f|
||Bank loans|||||221,903|271,581|
|16.|Financial|instruments||||||
|||||||2020|2019f|
||Financial assets|||||||
||Financial assets measured|||at fair value through|income and expenditure|64,248|74,477|
##
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##
|||||||Balance at|
|---|---|---|---|---|---|---|
||||Balance at 1|||31|
||||January|||December|
||||2020f|Income|Expenditure
6|2020|
|Unrestricted||funds|||||
|Unrestricted||fund|497,087|470,028|(400,822)|566,293|
|Restricted||funds|||||
|Restricted|Fund||9,135|746||9,881|
|Total offunds|||506,222|470,774|(400,822)|576,174|
##
##
||Statement||offunds - prior year||||||
|---|---|---|---|---|---|---|---|---|
|||||As restated||||Balance at|
|||||Balance at||||31|
|||||1January||||December|
|||||2019f|Income
f|Expenditure|f|2019f|
||Unrestricted||funds||||||
||Unrestricted||fund|425,581|500,049|(428,643)||497,087|
||Restricted||funds||||||
||Restricted|Fund||13,559|716|(5,140)||9,135|
||Total offunds|||439,240|500,765|(433,783)||505,222|
|19.|Summary|offunds|||||||
||Summary|offunds - current year|||||||
|||||||||Balance at|
|||||Balance at 1||||31|
|||||January||||December|
|||||2020f|Income|Expendituref||2020|
||General funds|||497,087|470,028|(400,822)||566,293|
||Restricted|funds||9,135|746|||9,881|
|||||506,222|470,774|(400,822)||576,174|
##
##
|Summary
offunds
-prior year|||||
|---|---|---|---|---|
||As restated|||Be(ance at|
||Be)ence at|||31|
||1January|||December|
||2019f|income
f|Expenditure|2019|
|General funds|425,681|500,049|(428,643)|497,087|
|Restricted funds|13,559|716|(5,140)|9,135|
||439,240|500,765|(433,783)|506,222|
##
|Analysts|of n|et assets between|funds - current
period||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2020
6|2020f|2020
6|
|Tangible fixed||assets||844,385||844,385|
|Current assets||||134,024|9,881|143,905|
|Creditors|due within one year|||(190,212)||(190,212)|
|Creditors|due|in more than one year||(221,903)||(221,903)|
|Difference||||(1)||1|
|Total||||566,293|9,881|576,174|
|Analysis|of net assets between||funds - prior period||||
|||||Unrestricted|Restricted|Totei|
|||||funds|funds|funds|
|||||2019f|2019f|2019
6|
|Tangible|fixed|assets||856,000||856,000|
|Current assets||||109,027|9,135|118,162|
|Creditors|due|within one year||(196,359)||(196,359)|
|Creditors|due|in more than one year||(271,581)||(271,581)|
|Total||||497,087|9,135|506,222|
##
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##
|At 31 Dec
cancellable|ember 2020 the trust had commitments
to make fu
operating
leases as follows:|ture
minimum
lease payments|under
non-|
|---|---|---|---|
|||2020|2019f|
|Not later than
1 year||100,000|100,000|
|Later than|1 year and not later than 5years|400,000|400,000|
|Later than|5years|50,000|f50,000|
|||550,000|650,000|
##
||||||2020|2019f|
|---|---|---|---|---|---|---|
|Pastor D Wilson - Pastoral|allowance|and|pension|contribution|8,140|9,780|
|Pastor D Wilson - Pastoral|allowance|and|pension|contribution|8,783|8,423|
|Ms E Wilson
—Remuneration|and pension||contribution||28,053|25,833|
||||||42,978|44,036|
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