Fathers House Sabbath Congregation (Charity Registration Number 1087150 Annual Financial Statements at 31 March 2021
| NOTES | 2021 | 2020 | |
|---|---|---|---|
| 8 | f. | ||
| ASSETS | |||
| Non- current assets Fixed Assets |
2.287 | 380,374 | 331,293 |
| Current assets Cash and cash equivalents |
18,560 18,560 |
30,088 30,088 |
|
| TOTAL ASSETS | 398,934 | 361,381 | |
| EQUITY AND LIABILITIES | |||
| Equity Surplus of income over expenditure |
311,787 311,787 |
265,426 265,426 |
|
| Long term liabilities | 84,707 | 95,267 | |
| Current liabilities |
2,440 | 688 | |
| 398,934 | 361,381 |
| FOR THE YEAR E | ND | ED 31 MARCH 2 | 021 | ||||
|---|---|---|---|---|---|---|---|
| NOTES | 2021 | 2021 | 2021 | 2020 | |||
| L' | F | 6 | 6 | ||||
| Restricted | Unresticted | Total | Total | ||||
| funds | funds | ||||||
| Revenue | |||||||
| Tithes, offerings and other income | 2.1 | 24,845 | 107,889 | 132,734 | 130,533 | ||
| Expenses | 10,806 | 75,566 | 86,372 | 94,033 | |||
| Advertising | 1,210 | 582 | 1,792 | 910 | |||
| Bank charges | 57 | 57 | 40 | ||||
| Chil drens ministry | expenses | 0 | 0 | 745 | |||
| Cleaning &consumables |
795 | 795 | 1,750 | ||||
| Community care & |
donations | 441 | 441 | 710 | |||
| Computer expenses |
2,338 | 2,338 | 2,674 | ||||
| Depreciation | 2.28 8 | 3,182 | 3,182 | 3,834 | |||
| Garden | 63 | 63 | 0 | ||||
| Hospitality | 94 | 94 | 1,862 | ||||
| Insurance | 705 | 705 | 666 | ||||
| Interest paid |
3,430 | 3,430 | 3,826 | ||||
| Licenses 8 legal expenses | 169 | 169 | 476 | ||||
| Media &education | 893 | 893 | 1,212 | ||||
| Printing, stationery |
&postage | 244 | 244 | 246 | |||
| Professional fees |
12,450 | 12,450 | 12,700 | ||||
| Repairs 8 maintenance | 1,364 | 1,364 | 2,696 | ||||
| Salaries | 42,599 | 42,599 | 41,524 | ||||
| Speaker & ministering | expenses | 1,026 | 1,026 | 1,170 | |||
| Telephones | 2,724 | 2,724 | 1,880 | ||||
| Travel &subsistence |
costs | 9,596 | 0 | 9,596 | 12,007 | ||
| Utilities | 2,410 | 2,410 | 3,105 | ||||
| Surplus for the ye | ar | 14,039 | 32,323 | 46,362 | 36,500 |
| 2021 | 2020 | |
|---|---|---|
| 6 | g | |
| Cash flow from operating activities Surplus of income over expenditure Increase in current liabilities Adjustment for non cash items: depreciation Cash flows from borrowing activities Cash outflows to other sources Purchase offixed assets Long term liabilty settled Creditors settled Net (decrease)l increase in cash and cash equivalents |
51,296 46,362 ? O 1,752 3,182 62,824 52,264 10,560 0 (11,528) |
40,334 36,500 0 3,834 26,109[ 15,911 10,163 35 14,225 |
| Cash and cash equivalents at beginning ofyear |
30,088 | 15,863 |
| Cash and cash equivalents at end ofyear |
18,560 | 30,088 |
| 4.Restricted funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance | Income | Expen- | Paid out/ | Balance | |||||
| b/f | at | ses | carried by | c/f at | |||||
| 01-Apr-20 | church | 31-Mar-21 | |||||||
| 6 | f. | E | g | ||||||
| Total income/expenses | 3,337 | 24,844 | 58,928 | 0 | -30,747 | ||||
| Building fund |
0 | 15,230 | 52,003 | 0 | -36,773 | ||||
| Homeless kitchen |
-621 | 3,782 | 0 | 0 | 3,161 | ||||
| Israel outreach | 5,047 | 3,682 | 5,184 | 0 | 3,545 | ||||
| Tabernacle and Passover |
-294 | 0 | 80 | 0 | -374 | ||||
| Current events, tuck |
shop | -1,067 | 0 | 0 | 0 | -1,067 | |||
| Ministry: Myanmar, |
Uganda | &Venezuela | 272 | 2,150 | 1,661 | 0 | 761 | ||
| 2021 | 2020 | ||||||||
| 5.Surplus of income over | Expenditure | F | E | ||||||
| Accumulated surplus |
at beginning | of | year | 265,426 | 228,926 | ||||
| Surplus for current year | 46,362 | 36,500 | |||||||
| Surplus at end ofyear | 311,788 | 265,426 | |||||||
| 2020 | |||||||||
| 6.Land and buildings | g | ||||||||
| At cost | 375,288 | 323,285 | |||||||
| Being property Units |
5 8 6, | Rowleys | Park, Evans Way, Shotton, CH5 1QJ | ||||||
| The buildings have |
been mortagaged | in favour of Stewartship | Services. |
| 7.FixedAssets | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TOTAL 6 |
Compu- ters |
Musical instru- ments |
Furni- ture |
Equip- ment |
||||||||||
| Net book value at beginning | ofyear | 8,008 | 356 | 4,263 | 1,723 | 1,666 | ||||||||
| Cost Accumulated Depreciation |
29,256 21,248 |
4,112 3,756 |
8,615 4,352 |
10,735 9,012 |
5,794 4,128 |
|||||||||
| Fixed asset purchases Depreciation for the year |
260 3,182 |
0 265 |
260 1,681 |
0 607 |
0 629 |
|||||||||
| Net book value at end ofyear | 5,086 | 91 | 2,842 | 1,116 | 1,037 | |||||||||
| Cost Accumulated Depreciation |
29,516 24,430 |
4,112 4,021 |
8,875 6,033 |
10,735 9,619 |
5,794 4,757 |
|||||||||
| Land 8 buildings at cost Additions and improvements |
188,000 | |||||||||||||
| To 31 March 2020 Current year Total land & buildings at cost |
135,285 52,003 375,288 |
|||||||||||||
| Fixed assets: total net book value | 380,374 | |||||||||||||
| 8.Long term liabilities | ||||||||||||||
| 2021 | 2020 | |||||||||||||
| 8 | ||||||||||||||
| Mortage Stewartship Services |
||||||||||||||
| 84,707 | 95,267 | |||||||||||||
| The mortgage is secured against land Interest is currently charged at market |
and buildings as described rates which vary from time |
in to |
note time. |
6 above. | ||||||||||
| 9.Related Parties | ||||||||||||||
| Controlling entity |
||||||||||||||
| The charity is controlled by the |
trustees | |||||||||||||
| 10.Trustees Rumuneration and |
Expenses | |||||||||||||
| No trustees received any remuneration trustee. |
during the year for services as a | |||||||||||||
| 11.Employees Remuneration |
||||||||||||||
| 2021 | 2020 | |||||||||||||
| 8 | f | |||||||||||||
| The aggregate payroll costs for employees: salaries No employee received remuneration in excess of560,000, |
42,599 | 41,524 |