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Fathers House Sabbath Congregation
(Charity Registration Number 1087150
Annual Financial Statements
at 31 March 2021
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||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|
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|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|
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||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|
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|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.||||
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|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||