Charity number: 1094843
THE REVIVAL CHURCH (TRC)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
THE REVIVAL CHURCH (TRC)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 22 |
THE REVIVAL CHURCH (TRC)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021
| Trustees | Elena Ramos, Pastor |
|---|---|
| Ruth Florence de Leon, Trustee | |
| Leo Galinato, Treasurer | |
| Dipesh J M Shah, Trustee | |
| Althea Timoney, Secretary | |
| Charity registered number 1094843 Principal office 111 Leamington Crescent South Harrow Middlesex HA2 9HJ Accountants Brian Cook Associates Chartered Tax Advisers and Accountants Marine House 151 Western Road Haywards Heath West Sussex RH16 3LH Bankers NatWest Bank 298 Elgin Avenue London W9 1WT Solicitors Forman Welch & Bellamys 23 London Road Twickenham TW1 3SX Advisers Mr A Ramos Associate Pastor |
Page 1
THE REVIVAL CHURCH (TRC)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their annual report together with the financial statements of the The Revival Church (TRC) for the 1 April 2020 to 31 March 2021.
Objectives and activities
a. Policies and objectives
The main objectives for the year continue to be the advancement of the Christian religion and education in the United Kingdom and in such other parts of the world as the trustees may from time to time think fit. In addition, the Charity aims to provide support and assistance to persons in conditions of need or hardship or who are aged or sick, in accordance with its objectives.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
This year has truly been a challenging year. With the enforced lockdown, we have to stop our normal way of conducting church services as well as doing outreaches. Sunday Services, Bible Studies, Prayer meetings, Worship Team rehearsals, and outreaches all have to be conducted online.
The contribution of volunteers is invaluable and creates the majority of the workforce, as they continually contact and encourage members to attend online transmissions and Zoom meetings.
Achievements and performance
a. Review of activities
In the beginning of the year, the leadership have had a Zoom meeting to discuss the church’s vision for the year ahead. From this meeting, it was decided to continue with the mission statement that was created last year: “To develop Authentic, Relevant, Christian Community, where people live in relationship with God, encounter His life, love and power, flourish, and share that life with others.” Albeit, the way this was achieved was not face to face encounter but through the social media.
During the lockdown, the members faced extreme challenges such as health anxiety, increased isolation, disruption to social and physical interactions, and importantly fear of losing jobs.
The charity took initiatives in order to help members from different chapters (London, Basingstoke, Sweden, Switzerland, Philippines, and the newly opened Norway (in January 2021)) to cope with major health, social and financial disruptions.
The church had conducted the following transmissions every week during the lockdown:
Mondays – Leaders Meeting (from different chapters) Tuesdays – Zoom Bible Study and Prayer Time Thursdays – Zoom Worship Team meeting Fridays – Zoom Intercession and Prayer Time Sundays – Sunday Service live transmission on Facebook
Page 2
THE REVIVAL CHURCH (TRC)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Achievements and performance (continued)
We believe that faith in God, transmission discussions and teaching/instructions from the Bible made the members become resilient, helped them to withstand stress, adapt to change, and thrive in a crisis. And also, the volunteers had taken very commendable actions by being very willing to help (and always following the government’s strict guidelines and regulations) those living within their areas that were isolated and suffered from Covid-19. In addition, food and basic provisions were delivered by the pastors at the doorsteps of members who are elderly or lost their jobs and those truly isolated.
We believe in the power of connecting with people and building a loving community even in lockdown. We encouraged the members to be involved in different online transmissions and Zoom meetings. This gave the chance for us to support and encourage one another as we walk with Jesus.
The faithful tithers remain consistent with their giving although the total amount has decreased as the church attendance also has decreased during the lockdown. We have the Main Church in London and a satellite church in Basingstoke, three satellite churches in Europe (Lund, Sweden, Lausanne, Switzerland and Floro, Norway) and a satellite church in the Philippines.
The Covid-19 virus and unusual happenings in Great Britain, in Europe, and all around the world are a challenge for us to pray and do the will of God while there is still time. We need to work hard for the Word of God to be preached because signs are happening and pointing to Christ’s second coming very soon. We thank God for the doors that are opening for the opportunity to do His work. The board of Trustees have decided to continue to carry out the outreaches and mission work, and the equipping of leaders in the Main Church as well as in the Satellite Churches. We work while it is still day for the night comes when no one will be able to work. We strongly acknowledge the value of one soul to God!
There are two full time employed workers and one part time this year. We had 19 UK volunteers during the financial period. There are no serious incidents that need to be brought to the attention of the Charity Commission.
In conclusion, the Board of Trustees and leaders would like to thank everyone for their prayers, support, hard work and encouragement during the year, as we all endeavor to continue in the vision and direction that God has for us.
b. Investment policy and performance
The Charity has the policy of keeping any surplus liquid funds in short term deposits which can be accessed readily should the need arise.
Page 3
THE REVIVAL CHURCH (TRC)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Charity aims to build up reserves of equivalent to two years' net income for the advancement of its objectives. The reserves policy will be reviewed on an annual basis.
Structure, governance and management
a. Constitution
The Revival Church (TRC) is a registered charity, number 1094843, and is constituted under a Trust deed dated 6 February 2002.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Organisational structure and decision-making policies
The board of Trustees meets regularly (quarterly to twice yearly) and is the decision-making and governing body of the Charity. Consultation, proposals, decisions and planning must come from the board and the final implementation is done by board members and the different ministries. Proposals may come from the general officers, in which case, these proposals will be submitted to the board of Trustees for planning and approval. The board of Trustees will give the plans and decisions to the general officers for implementation. The results of the implementation will be submitted by the general officers back to the board for evaluation.
A regular meeting of the board of Trustees is very important. The chair person gives the agenda and the board secretary must see to it that the agenda is given out prior to each meeting.
d. Policies adopted for the induction and training of Trustees
There are five Trustees namely: Ms Althea Timoney, Mr Dipesh Jose Mari Shah, Miss Ruth de Leon, Mr Leo Galinato and Mrs Elena Ramos.
New Trustees are briefed on their legal obligations under charity law, the content of the Responsibility of Charity Trustess, the decision making process and recent financial performance of the Charity.
Page 4
THE REVIVAL CHURCH (TRC)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Structure, governance and management (continued)
e. Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. In addition, those responsible for the youth ministry are CRB checked, as the Trust continues to operate a Child Protection Policy. There is no more children ministry as families with children have moved to new addresses or have joined other churches with bigger children ministry.
Plans for future periods
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. Therefore, our future plans will include not only church growth but also searching new ways of reaching out into the local community through social media during the lockdown.
The resumption of Sunday service at the building (on 15th August 2021) was truly welcomed by the members of the congregation. Strict government and Askew Road Church’s (the landlord) guidelines were followed, and so attendance was restricted to only 30 people. With the continuous restrictions and the spread of Covid-19 variants, especially in the London area, it was decided to continue with online transmissions every last Sunday of the month and other church services and meetings be conducted on Zoom. Thankfully, also members of the other The Revival Church chapters worldwide are joining.
Declaration
There are no serious incidents that need to be brought to the attention of the Charity Commission.
In conclusion, the Board of Trustees and leaders would like to thank everyone for their prayers, support, hard work and encouragement during the year, as we all endeavour to continue in the vision and direction that God has given us.
Members' liability
The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.
Page 5
THE REVIVAL CHURCH (TRC) INDEPENDENT EXAMINERE REPORT FOR THE YEAR ENDED 31 MARCH 2021 Indepgndenl examlnefs report to the Tru8tee8 Ot The Revlval Church (TRC) (Ihe charWI I report to tho charity TteaS on my examinatkn of the a¢01 ol the charrty for the year ended 31 March 2021. Reapon•lbllltl81 and b••l• ol r•port As the Trustee5 of the charity are for tho preparation of the ¥Unts In accordance th Ihe r4uirements of the Chaiiti8s Ad 2011 Ilhg 2011 Acr). I rewrt In fessxct of my examInaort ol the chartys nts caNi&J oui urKler sectlon 145 01 th8 2011 Act arK1 in Carrng out my examination I have fou0% the aKrA Dire¢tior6 givon by the Charity Cilmmlssion under seclon 145(Sllbl of Ihe 2011 Act. Ind6p•nd•nt •xamln•r' •t•t•m•nt Your attention 58 drawn lo the ta ihai the charTty ha8 prepar the accounts In a¢¢ordance V•ilh Afxountlng and Reporting by Chari1165'. Sialemenl ol FlecommerKled Practice akvli¢abl& io charitS preparing Ihelr accounts In accordanc6 th the Financial FI8rting Standard in UK a1 Republic ol IrelaTrd IFRS 1021 In preference to Ihe Accounting and ReFOrtirKd by Chanlies.. Statement ol Recommend&d Practice issued on 1 April 2005 whi¢h 1$ referred to in the extant r•Julallons Ixrt has b8en witlKlrawn. l understand that this has been done in order lor the ac¢ounts 10 prov•Je a Injg and Ir in accordance wlth the Generally Accepted A(xounting Practice 8ttectiv8 for r¢FQrting periods b8ginning on or after 1 January 2015. I have compl8ted my examlnalon. I confim thai rn matters have come to my attanllon In connection th the examlnation gMNJ me causo lo that in any material respo¢t.' a¢counllNJ records were Th)t kept In rOSFrft ot dwlty as rowirod by sectlon 130 of Ihg 2011 Act; or tho ac(unts do not a¢¢orf rgcoTds,' or the accounts do not ¢ompty wilh the aFWlcat4e rewlrements eoncerning tho fom and conlenl of accounts 681 out in th• Charities {Accounls and Rewrtsl R$gulatn5 2008 other than any requirement that the a¢¢ounts gNe a Irug vlow vthkh K8 not a matter (Kldered as part ol an irnd6nt examination. I havg no concern9 and have Come attoss rw) other rnatters in conrtttion wih tho oxaminalion lo which aiienlion shouhj be drawn in this rwrt in 0r lo enle a pr¢yr utthrstaTrJing of the accounts to be rea¢h•J. Thls iepon Is made solety to the charws Trn$t, as a t(MJy, in accordance wth Part 4 01 the Charities IA¢counls arKI Fleports} Flegutalions 2(M)8. My Irk has teen undertaken $0 thai I mJhl state tr> the charws Trustees Ih08e matters l am requir1 to slate to them in an Independenl examinerfs resy)rt and for no other purFose. To tho fullest e enl permitted by law. I do not aecopi or assume responsibilty lo anyone other than the charty and the ¢haritys ees as a try, for my work w for this report. Signed: Brian T Cook Dated: FCA Brfan Cook Asx>clat•• Chartered Tax Advisers arKI Ac¢wntants Marin9 House 151 Western Road Haywards Heath Wesl Sussex RH163LH Page 7
THE REVIVAL CHURCH (TRC)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 69,748 17 69,765 73,463 73,463 (3,698) 301,564 (3,698) 297,866 |
Total funds 2021 £ 69,748 17 69,765 73,463 73,463 (3,698) 301,564 (3,698) 297,866 |
Total funds 2020 £ 98,590 151 98,741 107,620 107,620 (8,879) 310,443 (8,879) 301,564 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 22 form part of these financial statements.
Page 8
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 10 | 2,786 | 3,715 | ||
| 2,786 | 3,715 | ||||
| Current assets | |||||
| Debtors | 11 | 12,558 | 16,36_/ | ||
| Cash at bank and in hand | 284]556 | 283,448 | |||
| 297,114 | 299,815 | ||||
| Creditors: amounts falling due within one | |||||
| year | 12 | (2,034) | (1,966) | ||
| Net current assets | 295'080 | 297,849 | |||
| Total assets less cul'I.ent liabilities | 297,866 | 301,564 | |||
| Nct asscts excluding pension asset | 297,866 | 301,564 | |||
| Total net assets | 297,866 | 301,564 | |||
| Charity funds | |||||
| F}estricted funds | |||||
| Unrestricted funds | 297,866 | 301,564 | |||
| Total funds | 297,866 | 301,564 |
THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. General information
The Charity is registered with the Charity Commission for England and Wales number 1094843. The Charity's principal office address is 111 Leamington Crescent, South Harrow, Middlesex, HA2 9HJ.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Revival Church (TRC) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 10
THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
- Fixtures and fittings 25% reducing balance
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 11
THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12
THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
3. Income from donations and legacies
| Unrestricted funds 2021 £ Donations London donations 40,088 London offerings - London mission offering 30 Basingstoke donations 11,816 Basingstoke offerings - Gift aid recovered 11,964 Tithes London tithes 1,910 Basingstoke tithes 2,165 Norway tithes 1,775 Sweden tithes and mission support - Total 2021 69,748 Total 2020 98,590 Investment income Unrestricted funds 2021 £ Bank interest 17 |
Total funds 2021 £ 40,088 - 30 11,816 - 11,964 1,910 2,165 1,775 - 69,748 98,590 Total funds 2021 £ 17 |
Total funds 2020 £ 52,374 1,079 90 12,085 2,375 15,418 10,343 3,562 - 1,264 |
|---|---|---|
| 98,590 | ||
| Total funds 2020 £ 151 |
4. Investment income
Page 13
THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
5. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Advancement of the Christian religion | 73,463 | 73,463 | 107,620 |
6. Analysis of expenditure by activities
| Advancement of the Christian religion Total 2020 |
Activities undertaken directly 2021 £ 59,610 92,643 |
Support costs 2021 £ 13,853 14,978 |
Total funds 2021 £ 73,463 107,621 |
Total funds 2020 £ 107,621 |
|---|---|---|---|---|
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THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
6. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Advancement of the Christian religion 2021 £ Staff costs 33,800 Hall rental 950 Food expenses 9 Travel and accommodation 275 European satellite expenses 1,800 Basingstoke expenses 14,736 Philippines mission costs 3,762 Evangelical events 159 Sundry equipment 900 Teaching materials 152 Training and course fees 168 Benevolent and assistance gifts 1,420 Trustees' expenses - Philippines repair costs 1,479 59,610 |
Total funds 2021 £ 33,800 950 9 275 1,800 14,736 3,762 159 900 152 168 1,420 - 1,479 59,610 |
Total funds 2020 £ 33,800 13,518 3,239 4,175 2,773 21,457 6,305 1,991 1,328 344 1,043 2,401 269 - |
|---|---|---|
| 92,643 |
Page 15
THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
6. Analysis of expenditure by activities (continued)
Analysis of support costs
| Advancement of the Christian religion 2021 £ Staff costs 9,620 Depreciation 929 Miscellaneous expenses (225) Printing and stationery 13 Telephone 1,849 Computer costs - Postage 43 Insurance 628 Publicity/IT 241 Accountancy 755 13,853 |
Total funds 2021 £ 9,620 929 (225) 13 1,849 - 43 628 241 755 13,853 |
Total funds 2020 £ 9,620 1,238 320 458 1,669 103 21 612 181 756 |
|---|---|---|
| 14,978 |
7. Independent examiner's remuneration
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the charity's independent examiner for the independent | ||
| examination of the charity's annual accounts | 318 | 318 |
| Fees payable to the charity's independent examiner in respect of: | ||
| All other services not included above | 437 | 438 |
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THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
8. Staff costs
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 43,420 | 43,420 |
The average number of persons employed by the charity during the year was as follows:
| Pastors Administration and ministry |
2021 No. 2 1 3 |
2020 No. 2 1 |
|---|---|---|
| 3 |
No employee received remuneration amounting to more than £60,000 in either year.
9. Trustees' remuneration and expenses
During the year 2 Trustees received remuneration amounting to £30,420 (2020 2 Trustees - £30,420). Elena Ramos was paid an annual salary of £20,800 (2020 - £20,800) for her services as the pastor. Dipesh J M Shah was paid an annual salary of £9,620 (2020 - £9,620) for his administration role and is also a member of the pastoral team. The annual salaries are agreed by the Board of Trustees.
During the year ended 31 March 2021, expenses totalling £ NIL were reimbursed or paid directly to any Trustee (2020 - £269 to 1 Trustee) . The prior year expenses related to travel costs.
Page 17
THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| 10. Tangible fixed assets Cost or valuation At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 11. Debtors Due within one year Prepayments and accrued income Tax recoverable |
2021 £ 700 11,858 12,558 |
Fixtures and fittings £ 24,319 |
|---|---|---|
| 24,319 | ||
| 20,604 929 |
||
| 21,533 | ||
| 2,786 | ||
| 3,715 | ||
| 2020 £ 950 15,417 16,367 |
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THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
12. Creditors: Amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income Financial instruments Financial assets Financial assets measured at amortised cost Financial liabilities Financial liabilities measured at amortised cost |
2021 £ 975 320 739 2,034 2021 £ 284,556 2021 £ (1,059) |
2020 £ 1,246 - 720 1,966 2020 £ 283,448 2020 £ (720) |
|---|---|---|
13. Financial instruments
Financial assets measured at amortised cost comprise cash at bank and in hand.
Financial liabilities measured at amortised cost comprise accruals.
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THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
14. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Capital fund General funds General Fund Total Unrestricted funds Statement of funds - prior year Unrestricted funds Designated funds Capital fund General funds General Fund Total Unrestricted funds |
Balance at 1 April 2020 £ 200 301,364 301,564 Balance at 1 April 2019 £ 200 310,243 310,443 |
Income £ - 69,765 69,765 Income £ - 98,742 98,742 |
Expenditure £ - (73,463) (73,463) Expenditure £ - (107,621) (107,621) |
Balance at 31 March 2021 £ 200 |
|---|---|---|---|---|
| 297,666 | ||||
| 297,866 | ||||
| Balance at 31 March 2020 £ 200 |
||||
| 301,364 | ||||
| 301,564 |
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THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
15. Summary of funds
Summary of funds - current year
| Designated funds General funds Summary of funds - prior year Designated funds General funds |
Balance at 1 April 2020 £ 200 301,364 301,564 Balance at 1 April 2019 £ 200 310,243 310,443 |
Income £ - 69,765 69,765 Income £ - 98,742 98,742 |
Expenditure £ - (73,463) (73,463) Expenditure £ - (107,621) (107,621) |
Balance at 31 March 2021 £ 200 297,666 |
|---|---|---|---|---|
| 297,866 | ||||
| Balance at 31 March 2020 £ 200 301,364 |
||||
| 301,564 |
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THE REVIVAL CHURCH (TRC)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2021 £ Tangible fixed assets 2,786 Current assets 297,113 Creditors due within one year (2,033) Total 297,866 |
Total funds 2021 £ 2,786 297,113 (2,033) 297,866 |
|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 3,715 299,816 (1,967) 301,564 |
Total funds 2020 £ 3,715 299,816 (1,967) 301,564 |
|---|---|---|
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