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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|
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|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||||
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||||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|
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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|
||||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|
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|||||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|
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||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|
##
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|||||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|
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|||||||||||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|
##
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|||||||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|
##
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|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|||||
##
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##
|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|
##
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##
|||||||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|
##
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##
||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|
##
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|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|
##