| 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, Chairman | Pastor Derrick Wilson, Chairman | Pastor Derrick Wilson, 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 Office | |||||
| Spaceworks, 25 Cabot Square | |||||
| London | |||||
| E144QZ |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | 6 | 6 | 6 | 5 | ||
| Income from: | ||||||
| Donations and legacies |
211,459 | 2,048 | 213,507 | 246,970 | ||
| Charitable activities |
181,536 | 181,636 | 223,348 | |||
| Other trading activities |
207 | |||||
| Investments | 255 | 256 | 249 | |||
| Total income | 393,250 | 2,048 | 395,298 | 470,774 | ||
| Expenditure on: |
||||||
| Raising funds | 570 | 570 | 281 | |||
| Charitable activities |
454,096 | 454,096 | 383,127 | |||
| Other expenditure | 14,298 | 14,298 | 17,414 | |||
| Total expenditure | 468,964 | 468,964 | 400,822 | |||
| Net movement in funds |
(75,714) | 2,048 | (73,666) | 69,952 | ||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 566,293 | 9,881 | 576,174 | 506,222 | |
| Net movement in funds |
(75,714) | 2,048 | (73,666) | 69,952 | ||
| Total funds carried forward | 490,579 | 11,929 | 502,508 | 576,174 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | 5 | |||||||
| Fixed assets | ||||||||
| Tangible assets | 12 | 834,046 | 844,385 | |||||
| 834,046 | 844,385 | |||||||
| Current assets | ||||||||
| Debtors | 13 | 67,682 | 79,557 | |||||
| Cash at bank and | in hand | 63,984 | 54,248 | |||||
| 131,666 | 143,905 | |||||||
| Creditors: amounts | falhng | due within one | ||||||
| year | 14 | (308,036) | (190,213) | |||||
| Net current liabilities |
(176,370) | (46,308) | ||||||
| Total assets less | current | liabilities | 657,676 | 798,077 | ||||
| Creditors amounts |
falling | due after more | ||||||
| than one year | 15 | (155,168) | (221,903) | |||||
| Net assets excluding | pension asset | 502,508 | 575,174 | |||||
| Total net assets | 502,508 | 576,174 | ||||||
| Charity funds | ||||||||
| Restricted funds |
17 | 11,929 | 9,881 | |||||
| Unrestricted funds |
17 | 490,579 | 566,293 | |||||
| Total funds | 502,508 | 576,174 |
| 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 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| 8 | E | ||||
| Donations | 181,393 | 2,048 | 183,441 | ||
| Government | grants —Covid Job retention | scheme | 30,066 | 30,066 | |
| Total 2021 | 211,459 | 2,048 | 213,507 | ||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2020f | 2020 | 2020 9 |
|||
| Donations | 185,110 | 746 | 185,856 | ||
| Government | grants | 61,114 | 61,114 | ||
| Total 2020 | 246,224 | 746 | 246 970 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2021 | ||||
| E | E | ||||
| Income from charitable | activities - School | 181,536 | 181,536 | ||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2020 | 2020 | ||||
| E | |||||
| Income from chantable | activities - School | 223,348 | 223,348 | ||
| 6. | Investment | income | |||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2021 | 2021 | ||||
| E | E | ||||
| Investment | income - other local unlisted | 255 | 265 | ||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2020f | 2020 E |
||||
| Investment | income - other local unlisted | 249 | 249 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 6 |
2021f | |
| Church | 73,219 | 73,219 |
| School | 380,877 | 380,877 |
| Total 2021 | 454,096 | 464,096 |
| Unrestricted | Total | |
| funds | funds | |
| 2020 E |
2020f | |
| Church | 47,431 | 47,431 |
| School | 335,696 | 335,696 |
| Total 2020 | 383,127 | 383,127 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2021 | ||||
| 6 | |||||
| Bank | charges | and | interest | ||
| Loan | interest | 14,254 | 14,264 | ||
| Total | 2021 | 14,298 | 14,298 |
| t1nrestri cted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2020 E |
2020f | ||||
| Bank | charges | and | interest | 845 | 845 |
| Loan | interest | 16,569 | 16,569 | ||
| Total | 2020 | 17414 | 17414 |
| Activities | |||
|---|---|---|---|
| undertaken | Support | Total | |
| directly | costs | funds | |
| 2021 | 2021 | 2021 | |
| E | E | E | |
| Church | 73,219 | 73,219 | |
| School | 16,083 | 364,794 | 380,877 |
| Total 2021 | 16,083 | 438,013 | 454,096 |
| Activities | |||
| undertaken | Support | Total | |
| drrectly | costs | funds | |
| 2020f | 2020 E |
2020 E |
|
| Church | 47,431 | 47,431 | |
| School | 5,088 | 330,608 | 335,696 |
| Total 2020 | 5,088 | 378,039 | 383,127 |
| Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Church | funds | |||||||||
| 2021 | 2021 | |||||||||
| 6 | 6 | |||||||||
| Books, publications | and | teaching | aids | 5,245 | 5,245 | |||||
| School trips, swimming | and | examination | fees | 1,277 | 1,277 | |||||
| Insurance, | licenses, | permits | and | inspection | fee | 540 | 540 | |||
| Bad debts | 9,021 | 9,021 | ||||||||
| Total 2021 | 16,083 | 16,083 | ||||||||
| Total | ||||||||||
| Church | funds | |||||||||
| 2020 6 |
2020f | |||||||||
| Non- contracted | staff | (240) | (240) | |||||||
| Books, publications | and | teaching | aids | 421 | 421 | |||||
| School trips, swimming | and | examination | fees | 921 | 921 | |||||
| Insurance, | licenses, | permits | and | inspection | fee | 576 | 577 | |||
| Bad debts | 3,410 | 3,410 | ||||||||
| Total 2020 | 5,068 | 5,088 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Church | School | funds | ||||
| 2021 | 2021 | 2021 | ||||
| E | E | E | ||||
| Staff costs | 1,417 | 234,540 | 235,957 | |||
| Depreciation | 12,156 | 589 | 12,745 | |||
| Pastors allowance | 27,713 | 27,713 | ||||
| Conferences and training |
4,028 | 4,028 | ||||
| Travel, meals and entertainment | 90 | 90 | ||||
| Books, publications and teaching |
aids | 1,276 | 1,276 | |||
| Relief and donations | 676 | 676 | ||||
| Equipment rental and other |
costs | 1,292 | 1,292 | |||
| Printing postage and stationery |
2,286 | 2,286 | ||||
| Insurance, licenses, permits |
and | inspection | fee | 2,831 | 1,352 | 4,183 |
| Audit fees | 2,460 | 2,460 | ||||
| Other professional and admin costs |
2,780 | 638 | 3,418 | |||
| Subscnptions and software |
renewals | 700 | 700 | |||
| Rent, rates and council tax | 1,007 | 110,341 | 111,348 | |||
| Water, Gas and electric | 12,980 | 2,788 | 15,768 | |||
| Telephone, mobile and internet |
1,177 | 778 | 1,955 | |||
| Cleaning, repairs, maintenance |
and renewals | 8,022 | 2,536 | 10,558 | ||
| Motor running costs and expenses |
1,560 | 1,560 | ||||
| Total 2021 | 73,219 | 364,794 | 438,013 |
| Analysis ofsupport costs | (continued) | |||
|---|---|---|---|---|
| Total | ||||
| Church | School | funds | ||
| 2020f | 2020f | 2020 | ||
| Staff costs | 201,886 | 201,886 | ||
| Depreciation | 12,068 | 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 | |
| Subscnptions and software |
renewals | 200 | 1,193 | 1,393 |
| Rent, rates and council tax | 956 | 109,696 | 110,652 | |
| Water, Gas and electnc | 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 | |||
| Total 2020 | 47,431 | 330,608 | 378,039 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 2021 E |
2020f | ||||
| Wages and | salaries | 220,657 | 199,146 | ||
| Social security costs | 13,841 | 918 | |||
| Contribution | to defined | contribution | pension schemes | 1,462 | 1,822 |
| 236,960 | 201,886 |
| accom | modation at the church. T |
he value of pastoral allowances |
to trustees were as follows: | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | ||||
| Pastor | Derrick Wilson | Pastoral allowance | 13,857 | 8,140 |
| Pastor | Paulette Wilson | Pastoral allowance | 13,857 | 6,783 |
| During | the year ended 31 December 2021, no Trustee expenses | have been incurred (2020-f0). |
| Fixtures | ||||||
|---|---|---|---|---|---|---|
| Freehold | Nlotor | and | Office | Computer | ||
| property 5 |
vehicles E |
fittings E |
equipment 5 |
equipment 6 |
Total 5 |
|
| Cost or valuation | ||||||
| At 1 January 2021 | 1,000,000 | 29,814 | 14,170 | 39,069 | 34,926 | 1,117,969 |
| Additions | 1,040 | 1,367 | 2,407 | |||
| At 31 December 2021 | 1,000,000 | 29,814 | 14,170 | 40,099 | 36,293 | 1,120,376 |
| Depreciation | ||||||
| At 1 January 2021 | 156,000 | 29,814 | 14,170 | 38,676 | 34,926 | 273,585 |
| Charge for the year | 12,000 | 540 | 205 | 12,745 | ||
| At 31 December 2021 | 168,000 | 29,814 | 14,170 | 39,215 | 36,131 | 286,330 |
| 12. | Tangible fixed asse | ts | (continued | ) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Freehold | Motor | Fixtures and | Office | Computer | ||||||
| property | vehicles | fittings | equipment | equipment | ||||||
| E | F | E | E | E | ||||||
| Total | ||||||||||
| E | ||||||||||
| Net book value | ||||||||||
| At 31 December 2021 | 832,000 | 884 | 1,162 | 834,046 | ||||||
| At 31December 2020 | 844,000 | 384 | 844,384 | |||||||
| 13. | Debtors | |||||||||
| 2021 | 2020 | |||||||||
| E | E | |||||||||
| Due within one year | ||||||||||
| Trade debtors | 31,622 | 51,881 | ||||||||
| Other debtors | 6,943 | 1,000 | ||||||||
| Prepayments and accrued income |
30,117 | 25,776 | ||||||||
| 67,682 | 79,657 | |||||||||
| 14. | Creditors: Amounts | falling due | within one | year | ||||||
| 2021 | 2020 | |||||||||
| E | E | |||||||||
| Bank loans | 66,957 | 63,319 | ||||||||
| Payments received |
on account | 13,307 | 13,307 | |||||||
| Trade creditors | 92,699 | 35,370 | ||||||||
| Other taxation and social security |
72,166 | 22,594 | ||||||||
| Pension contributions |
payable | 604 | 590 | |||||||
| Other creditors | 18,047 | 13,351 | ||||||||
| Accruals and deferred |
income | 44,256 | 41,682 | |||||||
| 308,036 | 190,213 | |||||||||
| 15. | Creditors: Amounts | falling due | after mors | than | one year |
| 2021 | 2020 |
|---|---|
| 5 | 5 |
| 155,168 | 221,903 |
| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 5 | ||||||||||
| Financial | assets | ||||||||||
| Financial | assets | measured | at | fair | value | through | income | and | expenditure | 63,984 | 64,248 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | December | |||||
| 2021 | Income | Expenditure | 2021 | |||
| 5 | E | 5 | 6 | |||
| Unrestricted | funds | |||||
| Unrestncted | fund | 566,293 | 393,250 | (468,964) | 490,579 | |
| Restricted | funds | |||||
| Restricted | Fund | 9,881 | 2,048 | 11,929 | ||
| Total offunds | 576,174 | 396,298 | (468,964) | 502,508 |
| Statement | offunds - prior year | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | 31 | ||||||
| 1 January | December | ||||||
| 2020 E |
income f |
Expend(ture E |
2020 5 |
||||
| Unrestricted | funds | ||||||
| Unresincted | fund | 497,087 | 470,028 | (400,822) | 586,293 | ||
| Restricted | funds | ||||||
| Restricted | Fund | 9,135 | 746 | 9,881 | |||
| Total offunds | 506,222 | 470,774 | (400,822) | 576,174 | |||
| 18. | Summary | offunds | |||||
| Summary | of funds - current year | ||||||
| Balance at | |||||||
| Balance at 1 | 31 | ||||||
| January | December | ||||||
| 2021 | Income | Expenditure | 2021 | ||||
| 6 | 6 | 6 | 6 | ||||
| General funds | 566,293 | 393,250 | (468,964) | 490,579 | |||
| Restricted | funds | 9,881 | 2,048 | 11,929 | |||
| 576,174 | 395,298 | (468,964) | 602,508 |
| Summary | offunds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 31 | |||||
| 1January | December | |||||
| 2020f | Income E |
Expenditure | f | 2020f | ||
| General funds | 497,087 | 470,028 | (400,822) | 566,293 | ||
| Restncted | funds | 9,135 | 746 | 9,881 | ||
| 506,222 | 470,774 | (400,822) | 576,174 |
| Analysis | of n | et assets between funds - current |
year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| 6 | 6 | 6 | |||
| Tangible | fixed | assets | 834,046 | 834,046 | |
| Current | assets | 119,736 | 11,929 | 131,665 | |
| Creditors | due | within one year | (306,035) | (308,035) | |
| Creditors | due | in more than one year | (155,168) | (155,168) | |
| Total | 490,579 | 11,929 | 502,508 |
| Analysis | of n | et assets between funds - prior y |
ear | ||
|---|---|---|---|---|---|
| Unrestri cted | Restncted | Total | |||
| funds | funds | funds | |||
| 2020 | 2020 5 |
2020f | |||
| Tangible | fixed | assets | 844,384 | 844,384 | |
| 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) | |
| 565,293 | 9,881 | 576,174 |
| At 31 December 2021 the trust had commi cancellable operating leases as follows. |
tmen | ts |
to make | future minimum |
lease payments | under non- |
|---|---|---|---|---|---|---|
| 2021 6 |
2020f | |||||
| Not later than 1 year |
100,000 | 100,000 | ||||
| Later than 1 year and not later than 5 years |
350,000 | 400,000 | ||||
| Later than 5years | 50,000 | |||||
| 450,000 | 550,000 | |||||
| Related party transactions | ||||||
| 2020 6 |
2020f | |||||
| Pastor D Wilson (Trustee) - Pastoral allowance | and | pension | contribution | 13,857 | 8,140 | |
| Pastor D Wilson (Trustee) - Pastoral allowance | and | pension | contribution | 13,857 | 6,783 | |
| Ms E Wilson (daughter ofTrustees ) - Remuneration contribution |
and pension | 30,000 | 28,053 | |||
| Mr S Chotti (Trustee) - Balance on student | account | payable | 1,465 | |||
| 59,179 | 42,976 |