# REGISTERED COMPANY NUMBER: 4790760 (England and Wales) . REGISTERED CHARITY NUMBER: 1099321
# Report of the Trustees and Financial Statements for the year ended 31 March 2021 For FULL GOSPEL REVIVAL CENTRE
Taxassist Accountants 2b Derby Road Ashby de la Zouch Lelcestsershire LE65 2HE
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## Full Gospel Revival Centre
## Contents of the Financial Statements Financial Statements for the year ended 31 March 2021
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|Reportofthe Trustees|1to2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5 to 6|
|Notes to the Financial Statements|7to9|
|DetailedStatementofFinancialActivities|10to11|
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## FULL GOSPEL REVIVAL CENTRE Reportof the Trustees Financlal Statementsfor the year ended 31 March 2021 The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2019. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ Issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 4790760 (England and Wales) Registered Charity number
1089321
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Registered office
2 Collygate Road Meadows Nottingham NG2 2EE
> . Trustees Rev S E Thomas _ RevH Edwards JR Jeffers Monica Peddy Independent Examiner TaxAssist Accountants 2b Derby Road Ashbyde la Zouch Leicestershire
## LE65 2HE Bankers ' TSB Business Banking STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document . The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the CompaniesAct 2006. Risk management The trustees have a duty to identify and review the risks to which the charity Is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVESAND ACTIVITIES Objectivesand aims
The trustees have the pleasure of submitting their report and the financial statements for the year ended 31 March 2021 _— Objectives of the charity, principal activities and organisation of our work
- a) NottinghamTo advanceandthe inChristlansuch otherfaithpartsin ofaccordancethe United with theKingdomstatementand the W **o** rldf beliefsas the appearingdirectors fromthe timescheduleto timeheretomay thinkin In fit and other such purposes -which are exciusively charitable according to the Law of England and Wales.
- b To advance Christian and secular education in Nottingham and In such other part of the United Kingdom and the ) World as the directors from time to time may think fit.
- , c) To relieve persons in need, hardship or distress caused thereby In Nottingham and in other parts of the United Kingdom or the World as the directors from time to time may think fit.
- d To benefit the local community in the sald Nottingham regardiess of race, creed, colour, sexual orientation, age, ) religion and disabllty through the provision of resources to all as the directors may from time to time think fit.
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## FULL GOSPEL REVIVAL CENTRE Report of the Trustees Financial Statements for the year ended 31 March 2021
## STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of Full Gospe! Revival Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements In accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trusteesto prepare financial statementsfor each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concem basis unless it is Inappropriate to presume
- ~ that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting recorde which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. Theyare also responsible the[charitable] companyand hence for taking reasonable steps for the prevefor safeguardinga **n** dtiondetectiontheof assetsfraud and of other irregularities.
The trusteesare responsiblefor the maintenance and integrityof the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions of Part 15 of the CompaniesAct 2006 relating to small companies.
## ON BEHALF OF THE BOARD:
## Signature _- Howard Edwards Name of Trustee
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## Independent Examiner's Report to the Trustees of Full Gospel Revival Centre
## Financial Statements for the year ended 31 March 2021
## Respective responsibilities of trustees and examiner
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The charity's trustees (who are also the directf **o** rrsthe purposesof company law) are responsiblefor the preparation of the accounts. The charity's trustees consider that an audit Is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. Having satisfied myself that the charity Is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - axamine the accounts under Section 43of the 1993 Act to follow the procedures laid down in the General Directions given by the Charity Commission “(under Section 43(7)b) of the 1993 Act); and - _ to state whether particular matters have come to my attention. Basis of the Independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. — An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in theundertakenaccounts, and seeking explanations from you as trustees conceming any such matters.The procedures given as to dowhether not providethe accounts all the evidencepresent athat‘true wouldand befair requiredview’ andinthean audit,report andis limited consequentlyto those nomatters opinionset is out in the statements below. . Independent examiner's statement In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordawith Sectio **n** 386ceand 387 of theCompaniesAct 2006;
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- and to prepare accounts which accord with the accounting records, comply with the accounting
- - requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
## have not been met; or 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the ) accounts to be reached.
## Nigel Starkey ATA MIPA TaxAssist Accountants 2b Derby Road Ashby de la Zouch Leicestershire _ LE65 2HE
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## FULL GOSPEL REVIVAL CENTRE
## Statement of Financial Activities At 31 March 2021
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|Notes|Unrestricted|Restricted|2021|2020|
|funds|funds|Total|Total|
|£|£|funds|tunds|
|£|£|
|INCOMING|RESOURCES|
|Incoming|Resources from|generated|funds|2|
|Voluntary income|56,724|67,318|124,042|65,855|
|Investment income|11,157|11,157|9,253|
|Total|Incoming resources|67,880|67,318|135,198|75,108|
|RESOURCES|EXPENDED|
|Charitable|Activities:|
|Gifts and|Donations|50|0|50|60|
|Other Charitable purposes|281|55,441|55,722|9,111|
|Governance|Costs|52,047|0|52,047|48,004|
|Total Resources Expended|52,378|$5,441|107,819|57,175|
|NET INCOME/(OUTGOING)|RESOURCES|15,502|11,877|27,379|17,933|
|RECONCILIATION|OF|FUNDS|
|Total funds brought forward|81,716|13,956|95,672|95,672|
|TOTAL FUNDS CARRIED FORWARD|97,218|25,833|123,051|113,605|
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The notes form part of these financial statements
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## FULL GOSPEL REVIVAL CENTRE
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## Balance Sheet
## At 31 March 2021
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|Notes|Unrestricted|Restricted|2021|2020|
|funds|funds|Total|Total|
|£|£|funds|funds|
|£|£|
|FIXED ASSETS|.|
|Tangible|assets|6|166,702|166,702|171,202|
|CURRENT ASSETS|
|Cash|In|hand/Bank|62,932|66,240|129,172|62,291|
|Other Debtors|3,000|3,060|3,060|
|65,992|66,240|132,232|65,351|
|CREDITORS|
|Amounts|falling due within one year|7|(316)|0|(316)|(316)|
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|NET CURRENT ASSETS|65,676|0|131,916|65,035|
|.|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|232,378|0|298,618|236,237|
|CREDITORS|
|Amounts falling due|after more than one|year|8|(109,326)|(109,326)|(122,632)|
|NET ASSETS|123,051|0|189,292|113,605|
|FUNDS|9|
|Unrestricted|funds|123,051|69,708|
|Restricted funds|0|43,897|
|TOTAL FUNDS|123,051|113,605|
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The notes form part of these financial statements
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FULL GOSPEL REVIVAL CENTRE
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## Balance Sheet - continued At 31 March 2021
Theendedcharitable31 Marchcompany2020. is entitled to exemption from audit under Section 477 of theCompaniesAct 2006 for the year
The members have not required the charitable company to obtain an audit of its financial statements for the year ended31 March 2020 in accordance with Section 476 of theCompaniesAct 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the ®) Companies Act 2006 and
- preparing financial statementswhich give a true and fair view of the state of affairs of the charitable companyas
- (b)b at the end of each financial year and of its surplus or deficit for each financial year in accordancewith the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the CompaniesAct 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Board of Trustees on . Were signed on its behalf by:
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Howard Edwards
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Name of Trustees
The notes form part of theee financial statements
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1 ACCOUNTING POLICIES
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## FULL GOSPEL REVIVAL CENTRE Notes to the Financial Statements At 31 March 2021
## Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## Incoming resources
All Incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## Resources expended
Expenditure Is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
> _ Tangible fixed assets
Depreciation is provided at the following annual rates In order to write off each asset over its estimated useful life.
Building -2% on cost Plant and Machinery -20% on cost Motor vehicles -25% on cost
The Buikiing at 117 Bathley Street, NG2 2EE was mortgaged in April 2007 at the value of £230000. it is depreciated on a straight line bases as noted in note
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the trustees. ariseRestrictedwhen fundsspecified can byonlythebedonorused orforwhenparticularfunds restrictedare raisedpurposesfor particularwithinrestrictedthe objects purposes.of the charity. Restrictions Further explanation of the nature and purpose of each fund Is included in the notes to the financial statements. 2 INVESTMENT INCOME
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2021 2020
Bank Interest Received £ £
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3 NET INCOMING/(OUTGOING) RESOURCES
2021 2020
Net resources are stated after charging/ (crediting): £ £
Depreciation - owned assets 4,500 5,116
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FULL GOSPEL REVIVAL CENTRE
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## Notes to the Financial Statements - continued At 31 March 2021
## 4 TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefitsfor the year ended 31 March 2019 nor for the year ended 31 March 2021.
## Trustees’ Expenses
There were no trustees’expenses paid neither for the year ended 31 March 2020 nor for the year ended 31 _ March 2021,
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§ STAFF COSTS 2021 2020
£ £
Wages and salaries 7,200 7,685
6 TANGIBLE FIXED ASSETS
Plant and Motor —
CO8T Building£ = Machinery£ Vehicien,£ «tS£
At 1 April 2020 230,000 35,446 11,061 276,507
DEPRECIATION
At1 Aprill 31 2020 58,800 35,445 11,060 105,305
Charge for year 4,500 0 0 4,500
At 31 March 2021 63,300 35,445 11,060 109,805
NET BOOK VALUE
At 31 March 2021 166,700 1 1 166,702
At 31 March 2020 171,200 1 617 171,202
7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Other creditors 316 316
Accrued expenses 0 0
316 316
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8 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£ £
Bank Loan
109,326 122,632
Amounts falling due In more than five years:
Repayable by instalments:
Bank Loan 109,326 122,632
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## FULL GOSPEL REVIVAL CENTRE
## Notes to the Financial Statements - continued At 31 March 2021
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|Net|
|MOVEMENT|IN|FUNDS|At|1/4/20|Movement|At 31/3/21|
|in|Funds|
|£|£|£|
|Unrestricted funds|
|General|fund|
|81,716|15,502|97,218|
|Restricted|funds|||
|Restricted|13,956|11,877|25,833|
|TOTAL FUNDS|95,672|27,379|123,051|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|Resources|Expended|in|Funds|
|£|£|£|
|Unrestricted|funds|
|Generalfund|-|67,880|52,378|15,502|
|Restricted|funds|.|
|Restricted|67,318|55,441|11,877|
|TOTAL FUNDS|135,198|107,819|27,379|
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FULL GOSPEL REVIVAL CENTRE
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|Detailed|Statement of|Financlal|Activities|,|
|At|31|March|2021|
|2021|2020|
|INCOMING RESOURCES|£|£|
|Voluntary Income|
|Gifts,|Tithes & Offering|46,059|59,048|
|Gift Aid Tax received|6,691|5,471|
|Bullding|Fund|191|1,108|
|Community Fund|.|;|
|Hiring|of|Factities|310|0|
|Men|Department|
|Utilities refund|3,360|228|
|Sundry Income|12|
|56,724|65,855|
|investment|income|.|
|Rent Income|10,860|8,874|
|Bank|Interest|Received|207|379|
|11,157|9,253|
|Total Incoming|resources|67,880.|75,108|
|RESOURCES|EXPENDED|
|Charitable|activities|
|Donations|50|60|
|Transportation|1,175|
|Programmes|1,142|
|Hospitality|234|4,790|
|Specific|Building|improvements|1,944|
|281|9,111|
|Govemance|costs|
|Staff Costs|7,200|7,685|
|Advertising &|Marketing|8|0|
|Light & Heat & Water &|Rates|16,796|6,748|
|Telephone|2,288|1,301|
|Printing, postage & Stationery|669|952|
|Sundry Cost|200|227|
|Subscriptions &|Registrations|186|4,803|
|Insurance and|license|4,783|4,752|
|legal &|Professional|fees|1,559|4,051|
|General expenses|451|937|
|Repairs and Maintenance|3,688|3,499|
|Motor vehicle|Running|cost|1,644|2,426|
|Office|Equipment/|IT|950|681|
|Depreciation|4,600|5,116|
|-Bank|charges|1,007|731|
|Mortgage|Interest|6,119|7,095|
|52,047|48,004|
|Total resources expended|328|57,115|
|Net income/(expenditure)|18|852|17,993|
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This page does not form part of phe statutory financial statements