| Pacee | |
|---|---|
| Trustees and Advisers | |
| From | |
| Page 2 | |
| (4 | |
| Trustees' Report |
Sheets) |
| Independent Examiner s Report to the Trustees |
|
| Statement of Financial Activities | |
| Balance sheet | |
| Notes forming part ofthe Financial Statement |
5to 1S |
| OF FINANCIAL ACTI | VITIES F | OR TH | E YEAR | ENDED 31STD | ECEMBER 2020 | ECEMBER 2020 | ||
|---|---|---|---|---|---|---|---|---|
| Restricted | Prior | |||||||
| Note | Unrestricted | income | Endowms | Total | year | |||
| Funds | Funds | Funds | Funds | Funds | ||||
| E | K | E | E | E | ||||
| Recommended | categories | by activity | ||||||
| Incoming resources | ||||||||
| Income and endowments | from: | |||||||
| Donations and legacies | 139,705.20 | 123,793 | ||||||
| Total | 139,705.20 | 139,705.20 | 123,793 | |||||
| Resources e~pended | ||||||||
| Expenditure on: |
||||||||
| Direct Cost | 4 | 48,248.38 | - | - | 48,248.38 | 61,750 | ||
| Support Cost | 4 | 43,487.52 | - | - | 43,487.52 | 46,636 | ||
| Governance Cost |
5 | 2,420.00 | - | - | 2,420.00 | 2,420 | ||
| Total | 94,155.90 | 94,155.90 | 110,807 | |||||
| ftet movement | in funds | 45,549.30 | 45,549.30 | 12,986 | ||||
| Reconciliation | offunds: | |||||||
| Total funds brought | forward | 209,995.00 | 209,995.00 | 197,009 | ||||
| Total funda carried forward | 255,544.30 | 255,544.30 | 209,995 |
| BALANCE SHEET | AS A | T 31 | STDECEMBER | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Restricted | Total | ||||||||
| Notes | Unrestricted | income | Endowmer | Total | Last | ||||
| Funds 6 |
Funds | Funds f |
Funds 6 |
Yearf | |||||
| Fixed assets | |||||||||
| Tangible assets Total fixed assets |
7 | 250,236.72 250,238.72 |
250,236.72 250,238.72 |
251 656 251,656 |
|||||
| Current assets | |||||||||
| Cash at bank and in hand | 113,275.16 | 113,275.16 | 70,662 | ||||||
| Total current assets | 113,275.18 | 113,275.18 | 70,882 | ||||||
| Creditors: amounts | falling | due | within one year | 8 | 4,942.20 | 4,042.20 | 5,709 | ||
| Net current assets/(liabilities) | 108,332.98 | 108,332.98 | 85,173 | ||||||
| Total assets less current | liabilities | ||||||||
| Creditors: amounts | falling | due | after one year | 8 | 103,027.40 | 103,027.40 | 106,834 | ||
| Provisions for liabilities | |||||||||
| Total net assets or | liabilities | 255,544.30 | 255,544.30 | 209,995 | |||||
| Funds ofthe Charity | |||||||||
| Unrestricted funds |
255,544.30 | 255,544.30 | 209,095 | ||||||
| Revaluation reserve |
|||||||||
| Totalfunds | 265544.30 | 255544.30 | 209,995 | ||||||
| Signed by one ortwo trustees | on behalf of all the trustees: | Date ofapproval: gg~+(f |
|||||||
| Signature: | |||||||||
| Print Name: Q QQ g Q |
ut |
| Restricted | Prior | |||||
|---|---|---|---|---|---|---|
| Analysts | Unresbicted | income | Endowmeni | Total | Teal' | |
| Donations | and legaeiesr | Funds g |
Funds 6 |
Funds f |
Funds 6 |
Funds 6 |
| Donations, | Giffs, Tithes snd Offedng | 12097987 | 120,979.87 | 123,792.62 | ||
| Gift Aid | 18,725.33 | 18,725.33 | ||||
| Total | 139,705.20 | 139,705.20 | 123,792.62 | |||
| TOTAL INOOatg | 139,705.20 | 139,705.20 | 123,792.62 | |||
| Other infonnationt |
| Analysts ofexpendit |
ure | |||||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Prior | |||||||
| Analysis ofexpenditure | Unrestricted | income | Endowmei | Total | year | |||
| Funds | Funds | Funds | Funds | Funds | ||||
| DIRECT COST | 6 | 8 | 6 | 8 | 6 | |||
| Visiting Minister Honorarium & |
Expenses | 300.00 | 300.00 | 1,700 | ||||
| Conference Attendance | 311.00 | 311.00 | 2,928 | |||||
| WEM /RCCG Central Office | 4,052.29 | 4,052.29 | 10,757 | |||||
| Sunday School /Training | Expenses | 345.00 | 345.00 | 310 | ||||
| Gifts & Donations &charitable |
activities | 359.00 | 359.00 | 929 | ||||
| Welfare | 6,460.00 | 6,460.00 | 1,205 | |||||
| Electricity &Gas | 2,116.70 | 2,116.70 | 2,204 | |||||
| Pastor's Salary 8 Allowance | 27,487.58 | 27,487.58 | 25,200 | |||||
| Insurance | 2,782.56 | 2,782.56 | 2,859 | |||||
| Vehide Expenses - road | tax, parking, | licence | 677.56 | 677.56 | 3,867 | |||
| Repairs &Maintenance | 897.83 | 897.83 | 4,961 | |||||
| Printing, Postage &Stationary |
613.54 | 613.54 | 2,561 | |||||
| Telephone, fax &internet |
1,805.32 | 1,805.32 | 1,329 | |||||
| Choir/ Key Board/ Music | Expenses | 40.00 48,248.38 |
40.00 48,248.38 |
940 61,750 |
||||
| SUPPORT COST | ||||||||
| Church Maintenance Expenses |
2,156.31 | 2,156.31 | 1,774 | |||||
| Travel, Fuel &Hotel | 663.99 | 663.99 | 2,730 | |||||
| Entertainment/Refreshments | 989.60 | 989.60 | 3,436 | |||||
| Legal fees | 0.00 | 500 | ||||||
| Books 8 Tape | 75.00 | 75.00 | 155 | |||||
| Youth &Children Department |
466.00 | 466.00 | 1,307 | |||||
| P A YE/ N/C | 3,358.98 | 3,358.98 | 7,047 | |||||
| Pension | 9,357.72 | 9,357.72 | 3,777 | |||||
| Water, General Rate | 248.00 | 248.00 | 248 | |||||
| Bank Charges, interests |
&commissions | 1,104.31 | 1,104.31 | 1,289 | ||||
| Outreach 5 Evangelism |
800.00 | 800.00 | 780 | |||||
| Computing &Software Expenses |
217.00 | 217.00 | 308 | |||||
| Depreciation | 4,878.08 | 4,878.08 | 6,970 | |||||
| Grsnts&ontributions to Central |
Office | 4,052.00 | 4,052.00 | 3,033 | ||||
| Security | 204.00 | 204.00 | 283 | |||||
| Packaging | 55.00 | 55.00 | 195 | |||||
| Cleaning &Other premises Expenses |
320.38 | 320.38 | 1,215 | |||||
| Rent | 12,413.36 | 12,413.36 | 11,475 | |||||
| GiR Aid Aministration Cost |
2,059.79 | 2,059.79 | ||||||
| Multi Media Studio | 68.00 | 68.00 | 115 | |||||
| 43,487.52 | 43,487.52 | 46,837 |
| services provided by your independent examiner. I box(es). |
services provided by your independent examiner. I box(es). |
services provided by your independent examiner. I box(es). |
services provided by your independent examiner. I box(es). |
f no | thing was pai | d ple | ase enter 0 in | the appropriate |
|---|---|---|---|---|---|---|---|---|
| GOVERNANCE COST |
This Year | Last Year | ||||||
| 6 | ||||||||
| Independent | examiner's | fees | 510.00 | 510.00 | ||||
| Assurance | services other than audit or independent | examination | 365.00 | 365.00 | ||||
| Other fees | (for example: | financial | advice, consultancy, | accountancy | ser | 1,545.00 | 1,545.00 | |
| paid to the | independent | examiner | ||||||
| 2,420.00 | 2,420.00 |
| 6.1 Staff Costs | ||
|---|---|---|
| This Year | Last Year | |
| 5 | ||
| Salaries and wages | 30,846.56 | 32,246.75 |
| Social security costs | ||
| Pension costs (defined | ||
| Other employee benefits |
||
| Total staff costs | 30,846.56 | 32,246.75 |
| THE REDEEMED CHRISTIAN CHURCH OF GOD LORD'S VINE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31STDECEMBER 2020 |
THE REDEEMED CHRISTIAN CHURCH OF GOD LORD'S VINE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31STDECEMBER 2020 |
THE REDEEMED CHRISTIAN CHURCH OF GOD LORD'S VINE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31STDECEMBER 2020 |
|---|---|---|
| Note 8 Creditors and accruals Please complete this note ifthe charity has any creditors or accruals. Amounts falling due |
Pnor Year Amounts falling due |
|
| 8.1 Analysis ofcreditors Within 1 Year 6 |
More Than 1 Year 6 |
Within More Than 1 Year 1 Year 6 6 |
| Accruals for grants payable | ||
| Bank loans and overdrafts Other creditors (Card balance) Payments received on account for contracts Accruals and deferred income 602 20 4,340.00 |
2,839 2,870 1,850 |
|
| Taxation and social security Mortgage Repayable By Instalment Total 4,942.20 |
103027.40 103,027.40 |
104984 5,709 106,834 |
| Please explain the reasons why income is d | Please explain the reasons why income is d | eferred. | ||
|---|---|---|---|---|
| Movement in deferred income account |
This Year | Last Year 6 |
||
| Balance at the start ofthe reporting | period | |||
| Amounts added in current period |
||||
| Amounts released to income from |
previous | periods | ||
| Balance at the snd ofthe reporting | pediod |
| This Year f |
Last Year f |
||||||
|---|---|---|---|---|---|---|---|
| Cash | at | bank | snd | on | hand | 113,275.18 | 70,881.55 |
| Total | 113,275.18 | 70,881.55 |