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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe trust, Its Trustees and advisers||
|Trustees'
report|||2-8|
|Independent
examiner's
report||on the financial statements||
|Statement of financial|activities||10|
|Balance sheet||||
|Notes to the financial|statements||12-23|
##
|Trustees||Pastor Demck Wilson,|Pastor Demck Wilson,|Chairman|Chairman||
|---|---|---|---|---|---|---|
|||Pastor Paulette
Wilson|||||
|||Victoria Shaw|||||
|||Claudette
Chnstie|||||
|||Ronald Montague|||||
|Charity registered|||||||
|number||1075130|||||
|Principal offic||210 Latimer Road|||||
|||London|||||
|||W10 6QY|||||
|Independent|examiner|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|Certiffed AccountantsLondon|
|||Canary Wharf Office|||||
|||Spaceworks, 25 Cabot Square|||||
|||London|||||
|||E144QZ|||||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
||||Note|6|f|6||
|Income from:||||||||
|Donations
snd|Legacies|||120,065|28,721|148,786|213,507|
|Charitable
activities||||199,230||199,230|181,536|
|Investments||||263||263|255|
|Other||||3496||3496||
|Total income||||323055|28,721|351 776|395,298|
|Ex andi ure|n:|||||||
|Raising funds||||19||19|570|
|Charitable
acbvities||||373,318|24,000|397,318|454,096|
|Other||||16,746||16,751|14298|
|Total ex enditure||||390083|24 005|414088|468 964|
|Net movement|In|funds||67,029|4716|62312|3666|
|Reconciliation|of|funds:||||||
|Balance at 1 Janus||2022||490 579|11,929|502,508|576,174|
|Balance at 31|December 2022|||423,550|16645|440 196|502 508|
|||||Note|2022f|2021f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tan
ibis assets||||12|820 451|834,046|
|Total fixed assets|||||820,451|834,046|
|Current assets|||||||
|Debtors due within|one year|||13|48,225|67,682|
|Cash at bank and in hand|||||55,026|63,984|
|Total current assets|||||103250|131666|
|Creditors: amounts|fallin|due within one|ear|14|221,404|308,036|
|Net current assets|/ liabilities||||118153|176370|
|Total assets less current||liabilities|||702297|657,676|
|Creditors.
amounts|falfing|due after more|than one year|15|262,102|155,188|
|Total net assets|||||440 195|502508|
|Charity funds|||||||
|Restricted
funds||||17|16,645|11,929|
|Unrestricted
funds||||17|423 550|490 579|
|Total chari
funds|||||440 196|502506|
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||||IJnrestricted|Restricted|Total|tlnreslricled|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|funds|
||||2022
6|2022|2022
6|2021f|2021f|2021f|
|Donations|||120,065|28,721|148,786|I81,393|2,046|163,441|
|Government||grants —Covid||||30,066||30,066|
|Job retention||scheme|||||||
|Total income||from|1Z0,065|Z8,721|148,786|211,459|2048|213,507|
|donations|and legacies||||||||
##
##
##
|4.Income from charita|ble
activities|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrssirict|Restricted|Total|
|||funds|funds|funds|sd|funds|funds|
||||||funds|||
|||2022|2022
E|2022
E|2021f|2021f|2021f|
|Income from charitable|activities|199,230||199,230||||
|School|||||181,536||181,536|
|Total income from charitable||199,230||199,230|161,536||181,536|
|activities||||||||
##
|5.Income|from investment|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrsslricl|Restricted|Total|
|||funds|funds|funds|ed|funds|funds|
||||||funds|||
|||2022
E|2022
E|2022
E|2021|2021f|2021f|
|Investment|income - other local unlisted|263||263|255||255|
|Total income from investment||263||263|255||255|
##
|
Summary|
by fu|
nd type||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funds|funds|funds|funds|funds|
|||||2022|2022|2022|2021|2021|2021|
|||||E|E|E|E|E|E|
|Church||||35,910||35,910|73,219||73,219|
|School||||337,408|24,000|361,408|380,877||380,877|
|Total expenditure||on charitable||373,318|24,000|397,318|454,096||454,096|
|activities||||||||||
|7.Other expenditure||||||||||
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Tolsi|
|||||funds|funds|funds|funds|funds|funds|
|||||2022
E|2022
E|2022|2021f|2021f|2021f|
|Bank charges and
Loan interest||interest||3,850
12,896|5|3,854
12,896|44
14,254||44
14,254|
|Total other|expenditure|||16,746|5|16,751|14,298||14,298|
|8.Analysis|ofexpenditure||by activities|||||||
|||||Activities
undertaken
directly|Support
costs|Total
funds|Activities
undertaken
directly|Support
costs|Total
funds|
|||||2022
E|2022
E|2022|2021
E|2021
f|2021
f|
|Church||||16,952|32,134|49,087||73,219|73,219|
|School||||284,430|80,572|365,002|16,083|364,794|380,877|
|Total expenditure||by activities||301,382|112,706|414,088|16083|438013|454 096|
##
##
##
|Analysis
ofdirect c|osts|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Total|||Total|
|||||||Church|School|funds|Church|School|funds|
|||||||2022
f|2022
f|2022
6|2021f|2021
f|2021
f|
|Staff costs||||||521|186,059|186,580|1,275|211,086|212,361|
|Pastors allowance||||||9,000||9,000|24,942||24,942|
|Books, publications
and|teaching||aids||||1,028|1,028||5,245|5,245|
|School trips, swimming|and|examination||fees|||4,980|4,980||1,277|1,277|
|Rehef and donations||||||200|155|355|676||676|
|Rent, rates and council|tax|||||806|87,968|88,774|806|88,273|89,078|
|Water, Gas and elecbic||||||6,103|3,690|9,792|10,384|2,230|12,614|
|Cleaning,
repairs, maintenance|||and renewals|||323|-156|167|6,418|2,029|8,446|
|Insurance,
licenses, permits||and|inspection||fee||687|687||540|540|
|Advertisin
and
ublici|||||||19|19||||
|Total direct costs||||||16,952|284,430|301,382|44,500|310,680|355,180|
|Analysis
ofsupport|costs|||||||||||
|||||||||Total|||Total|
|||||||Church|School|funds|Church|School|funds|
|||||||2022
f|2022
f|2022
f|2021f|2021|2021
f|
|Staff costs||||||58|20,418|20,476|142|23,454|23,596|
|Depreaation||||||13,073|948|14,021|12,156|589|12,745|
|Pastors allowance||||||1,000||1,000|2,771||2,771|
|Conferences
and trainmg|||||||1,173|1,173||4,028|4,028|
|Travel, meals and entertainment|||||||863|863||90|90|
|Books, pubkcations
and|teaching||aids|||||||1,276|1,276|
|Equipment
rental and other||costs|||||1,205|1,205||1,292|1,292|
|Printing
postage and stationery|||||||301|301||2,286|2,286|
|Insurance,
hcenses,
permits||and|inspection||fees|879|3,094|3,973|2,831|1,352|4,183|
|Audit fees|||||||2,460|2,460|2,460||2,460|
|Other professional
and|admin costs|||||1,400|2,118|3,518|2,780|638|3,418|
|Subscriptions
and software||renewals|||||1,124|1,124||700|700|
|Rent, rates and counal|tax|||||201|21,992|22,193|201|22,068|22,270|
|Water, Gas and electric||||||1,526|922|2,448|2,596|558|3,154|
|Telephone,
mobile and|internet|||||740|933|1,673|1,177|778|1,955|
|Cleaning,
repairs,
maintenance|||and renewals|||81|788|869|8,022|2,535|10,558|
|Motor running
costs and|expenses||||||908|908||1,560|1,560|
|Bad debts|||||||17,749|17,749||9,021|9,021|
|Bank charges and interests||||||13,176|3,575|16,751|14,254|45|14,298|
|Total support costs||||||18,958|59,248|112,706|49,390|72,271|121,661|
##
##
##
|10.Staff co|sts|||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||f|f|
|Wages and|salaries|||||202,225|220,657|
|Social security costs||||||10776|13841|
|Contnbution|to defined|contribution|pension|schemes||1,763|1,462|
|Total staff costs||||||214,763.2|235,960|
|The average|number ofpersons employed|||by the trust dunng|the year was as follows:|||
|||||||2022|2021|
|||||||No.|No.|
|Staff||||||14|14|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||f|f|
|Pastor|Derrick|Wilson|Pastoral|5,000|13,857|
||||allowance|||
|Pastor|Paulette|Wilson|Pastoral|5,000|13,857|
||||allowance|||
##
##
|12.Tangible fixed as|s|ets|||||||
|---|---|---|---|---|---|---|---|---|
||||Freehold|Motor|Fixture|Offic|Computer|Total|
||||property|vehicles|s|equlpmen|eqmpment||
||||||and|t|||
||||||fittings||||
||||E|E|E||||
|Cost or valuation|||||||||
|At 1 January 2022|||1,000,000|40,098|14,170|36,293|29,814|1,120,376|
|Additions||||||425||425|
|At 31 December 2022|||1,000,000|40,098|14,170|36,718|29,814|1,120,801|
|Depreciation|||||||||
|At 1 January 2022|||168,000|39,214|14,170|35,131|29,814|286,329|
|Charge for the year|||12,000|884|0|1,136||14,021|
|At 31 December 2022|||180,000|40,098|14,170|36,267|29,814|300,351|
|Net book value|||||||||
|At 31 December 2022|||820,000|||451||820,451|
|At 31December 2021|||832,000|884|0|1,162||834,047|
|13.Debtors|||||||||
|Due within one year|||||||||
||||||||2022|2021|
||||||||E|f|
|Trade debtors|||||||21,307|31,622|
|Prepayments
and accrued income|||||||25,722|30,117|
|Other debtors|||||||1,195|5,943|
|Total debtors due within one year|||||||48,225|67,682|
|14.Creditors: Amounts
falling due within|||one year||||||
||||||||2022
E|2021f|
|Bankloans|||||||17,520|66,957|
|Payments
received on||account||||||13,307|
|Trade creditors|||||||95,858|92,699|
|Other taxation
and social security|||||||79,600|72,166|
|Pension
contributions|payable||||||792|604|
|Accruals and deferred||income|||||2,884|44,256|
|Other creditors|||||||24,750|18,047|
|Total creditors: falling||due within one|||||221,404|308,036|
|ear|||||||||
##
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Bank loans due after one year||||||262,102|155,168|
|Amounts
falling due:||||||||
|After one year and before|two years|||||18,508|70,734|
|After two years and before five years||||||62,026|84,434|
|After frve years||||||181,568||
|Total amount
falling due|after one|year||||262,102|155,168|
|Bank loans due within one year (see||nots 14)|||||66,957|
|||||||17,520||
|Total bank loans||||||279,621|222,125|
|The loan is repayable
in 132equal monthly|||instalments||from 8 December 2014.|||
|The loan bears interest at|5.5% and|interest|is|payable|as it is charged.|||
|The loan is secured over the freehold||property||ofthe charity.||||
|16.Financial
instruments||||||||
|||||||2022|2021|
|||||||f||
|Financial assets||||||||
|Financial assets measured|at fair value through|||||||
|income and expenditure||||||55,026|63,984|
##
##
##
|Statemen|t|offunds|-current year|||||
|---|---|---|---|---|---|---|---|
|||||Balance at|||Balance st|
|||||1 January|||1 December|
|||||2022
f|Incomef|Expendituref|2022
f|
|Unrestricted|funds|||||||
|General
fund||||490 579|323055|390083|423,550|
|Restricted funds||||||||
|Restricted
Fund||||11929|28 721|24,005|16645|
|Total offunds||||502,508|351,776|414,088|440,196|
|Statement||offunds|-prior year|||||
|||||Balance ei|||Science at|
|||||1January|||1December|
|||||2021|Incomef|Expendituref|2021|
|Unrestricted|funds|||||||
|General fund||||566,293|393,250|468,964|490,579|
|Restricted funds||||||||
|Restricted Fund||||9,881|2,048||11,929|
|Total offunds||||576,174|395298|468,964|502,508|
|18.Summary||offunds||||||
|Summary||offunds|- current year|||||
|||||Balance at|||Balance at|
|||||1 January|||1 December|
|||||2022
f|Incomef|Expenditure
f|2022f|
|General funds||||490,579|323,055|(390,083)|423,550|
|Restncted
Funds||||11 929|28 721|24 005|16,645|
|Total offunds||||502 508|351 776|414088|440,196|
|Summary||offunds|- prior year|||||
|||||Balance at|||Balance at|
|||||1 Jenuety|||1 December|
|||||2021f|Income|Expendituref|2021f|
|General funds||||566,293|393,250|(468,964)|490,579|
|Restricted Funds||||9,881|2,048||11,929|
|Total offunds||||576 174|395,298|46S964|502506|
##
##
|Analysis of net assets be|tween
fun|ds - c|urren|t yea|r||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Unrestricted|||Restricted||Total|
||||||||||||funds||||funds|funds|
||||||||||||2022||||2022|2022|
||||||||||||f||||f|f|
|Tangible
fixed assets|||||||||||820,451|||||820,451|
|Current assets|||||||||||86,605|||16,645||103,250|
|Creditors due within one year
Creditors due in more than one year|||||||||||(221,404)
(262,102)|||||(221,404)
~62, 15|
|Total|||||||||||423,550|||16,645||440,195|
|Analysis
ofnet assets between funds - prior||||year|||||||||||||
||||||||||||Unrestricted|||Restricted||Total|
||||||||||||funds||||funds|funds|
||||||||||||2021f||||2021|2021
f|
|Tangible fixed assets|||||||||||834,046|||||834,046|
|Current assets|||||||||||121,785||||9,881|131,666|
|Creditors due within one year
Creditors due in more than one year|||||||||||(308,036)
(155,168)|||||(308,036)
~5.168|
|Total|||||||||||492,627||||9,881|502,508|
|20.
Pension commitments|||||||||||||||||
|The
trust
operates
a defined
contnbutions
pension
scheme.
The assets
of the scheme
are
those
of the
trust
in an
independently
administered
fund.
The
pension
cost charge represents
by the
trust
to the
fund
and
amounted
to f1462 (2020 - f1822). Contributions
totaling
f604||||||||||||||held separately
contributions
(2020-f590)||from
payable
were|
|payable
to the fund at the|balance sheet date and are||||included||in|creditors|||||||||
|21.
Operating
lease commitments|||||||||||||||||
|At 31 December 2022 the|trust had commitments|||to make future||||minimum||lease payments
under|||non- cancellable|||operating|
|leases as follows:|||||||||||||||||
||||||||||||||||2022
f|2021f|
|Not later than
1 year
Later than
1 year and not|later than 5years|||||||||||||100,000
250,000||100,000
350,000|
|Later than 5years|||||||||||||||||
|||||||||||||||8|oee|oeo o|
|22. Related party transactions|||||||||||||||2022f|2021f|
|Pastor D Wilson (Trustee) - Pastoral allowance
and pension
contribution
Pastor P Wilson (Trustee) - Pastoral allowance
and pension
contribution
Ms E Wilson (daughter
ofTrustees)
—Remuneration
and pension
contribution
Mr S Chotti (Trustee)
—Balance on student account payable|||||||||||||||5,290
5,290
8,799
8|13,857
13,857
30,000
1,465
59
9|
##
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