2021-12-31-accounts - Grace Fountain Church Limited

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		Page
Report ofthe Trustees	1	to	4
Indepeadent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	8	to	14
DetaBed Statetnent ofFinancial Activities	15	to	16

			31.12.21	31.12.20
			Unrestricted	Total
			fund	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			68,344	74,358
Other trading activities			458	328
Total			68,802	74,686
EXPENDITURE ON
Raising funds			59,864	58,462
Charitable activities
Ghana Missions Great Commission Society Bible society Barnabus fund UCB Josephs Storehouse				1,820 710 500 500 500 300
Christian Concern				500
International Church			1@50
Total			61,114	63,292
NET INCOME			7,688	11,394
RECONCILIATION	OF FUNDS
Total funds brought	forward		150,284	138,890
TOTAL FUNDS CARRIED FORWARD			157,972	150/84

	FOR THK	FOR THK	FOR THK	YEARENDED 31DEC	EMBER 2021
	DONATIONS AND LEGACIES
					31.12.21	31.12.20
	Gtft atded gtvtng General offering				45,710 22,634	45,124 29,234
					68,344	74,358
3.	OTHER TRADING ACTIVITIES
					31.12.21	31.12.20
					6
	Other income				458	328
4.	RAISING FUNDS
	Raising donations	and	legacies
					31.12.21	31.12.20
						f
	Salaries and wages				26438	26340
	Bishop's travel expenses Support costs				2,670 25,566	1,713 27,528
					54,474	55,481
	Other trading activities
					3L1221	31.12.20
					f,
	Guest speakers				1450	750
	Holy communion,	flowers, reffeshments		etc		234
	Youth ministry expenses					15
	Outreach and fellowship		events		4,140	1,982
					5,390	2,981
	Aggregate amounts				59,864	58,462

										Direct
										Costs
										f.
	International Church									1450
6,	SUPPORT COSTS
										Management
	Raising donations	and		legacies						25,566
7.	NKT INCOME/(EXPENDITURE)
	Net income/(expenditure)				is stated		after charging/(crediting):
									31.12.21	31.12.20
	Depreciation - owned			assets					4,479	4,302
8.	TRUSTEES' REMUNERATION						AND	BENEFITS
									31.12.21	31.12.20
	Bishop's salary Bishop's pension contributions					to defined		benegt scheme	25,656 582	25,657 583
									26438	26@40
	Trustees' expenses
									31.12.21 I	31.12.20
	Trustees' expenses								2,670	1,713
9.	STAFF COSTS
	The average monthly		number ofemployees					during the year was as follows;
									31.12.21	31.12.20
	Bishop								1	1
	Administration								1	1

		Unrestricted
		fund
INCOME ANDENDO~ FROM
Donations and legacies		74,358
Other trading activities		328
Total		74,686
EXPENDITURE ON
Raising funds		58,462
Charitable activities
Ghana Missions Great Commission Society Bible society		1,820 710 500
Barnabus fund UCB		500 500
Josephs Storehouse Christian Concern		300 500
Total		63,292
NKT INCOME		11,394
RECONCILIATION	OF FUNDS
Total funds brought fortvard		138,890
TOTAL FUNDS CARRIED FORWARD		150,284

11.	FORTHE YEAREN TANGIBLE FIXEDASSETS	DED 31DECEMBER 2021
			Fixtures
		Church	and
		Building	fittings	Totals
	COST	f,
	At 1 January 2021 Additions	123,823	30,283 3,138	154,106 3,138
	At 31 December 2021	123,823	33,421	157,244
	DEPRECIATION
	At 1January 2021 Charge for year	34,977 2,475	28,068 2,004	63,045 4,479
	At 31December 2021	37,452	30,072	67,524
	NKT BOOKVALUE
	At 31 December 2021	86,371	3,349	89,720
	At 31December 2020	88,846	2315	91,061
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.12.21	31.12.20
	HMRC gift aid receivable Prepayments		9,135 191	9,025 183
			9,326	9308
13.	CREDITORS: AMOUNTS FALl ING DUK WITHIN ONK YEAR
			31.12.21	31.12.20
	Social security and other taxes Pension account Accrued expenses		230 1,595	394 140 1,140
			1,825	1,674
14.	MOVE~ IN FUNDS
			Net
			movement	At
		At 1.1.21	in funds	31.12,21
	Unrestricted funds			I
	General fund	150784	7,688	157,972
	TOTAL FUNDS	150,284	7,688	157872

					Incoming	Resources	Movement
					rcsourccs	expended	in funds
							I
Unrestricted	funds
General fund					68,802	(61,114)	7,688
TOTAL FUNDS					68,802	(61,114)	7,688
Comparatives	for movement			in funds
						Net
						movement	At
					At 1.1.20 I	in funds	31.12.20 f.
Unrestricted	funds
General fund					138,890	11,394	150,284
TOTAL FUNDS					138,890	11,394	150,284
Comparative	net movement		in	funds, included in the above are as follows:
					Incoming	Resources	Movement
					Icsoufccs	expended	in funds
							f.
Unrestricted	funds
General fund					74,686	(63492)	11,394
TOTAL FUNDS					74,686	(63392)	11,394
A current year 12months		and		prior year 12months	combined position is as follows:
						Net
						movement	At
					At 1.1.20	in funds	31.12.21
							I
Unrestricted	funds
General fund					138,890	19,082	157,972
TOTAL FUNDS					138,890	19,082	157,972

		FOR	THE YEAR ENDED 31DE	CEMBER 2021
				31.12.21	31.12.20
INCOME AND ENDOWMENTS
Donations and legacies
Gift aided giving				45,710	45,124
General offering				22,634	29/34
				68,344	74,358
Other trading activities
Other income				458	328
Total incoming resources				68,802	74,686
Raising donations and legacies
Bishop's salary				25,656	25,657
Bishop's pension contributions		to defined	benefit
scheme				582	583
Bishop's travel expenses				2,670	1,713
				28,908	27,953
Other trading actlvlties
Guest speakers				1450	750
Holy communion, flowers, refreshments			etc		234
Youth ministry expenses					15
Outreach and fellowship	events			4,140	1,982
				5,390	2,981
Charitable activities
Missions and donations				1,250	4,830
Support costs
Maaagement
Wages				10,784	10,800
Pensions				137	138
Water, light and heat				2,023	4707
Insurance				1,130	1,077
Health and safety				386	780
Telephone				459	622
Postage and stationery				329	347
Christian copyright licencing				275	289
Administration expenses				2,145	544
Farewell and welfare				518	740
Equipment repairs				306	463
Repairs and renewals				211	1,318
Cleaning				770,	743
Carried forward				19,473	22,068