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|Trustccs and Directors|Trustccs and Directors||Reverend A.T.B.Williams|Reverend A.T.B.Williams|
|---|---|---|---|---|
||||Mr.T.O.Adisa||
||||Mr.S.C.Ahsmefula||
||||Mr.0,A.Bilewu||
|Secretary|||Mr. O.A.Bilewu||
|Registered|office and operational|address|Bethesda Building||
||||56-62New Cross Road||
||||London||
||||SE145BD||
|Bankers|||HSBC||
||||184High Street||
||||Bromley||
||||Kent||
||||BRllHB||
|Accountants|||Sterlings Accountancy|Solutions Limited|
||||Unit 5Woodbrook Crescent||
||||Billericsy||
||||Bases||
||||CM12 OBQ||
|Auditors|||Beavis Morgan Audit Limited||
||||82StJohn Street||
||||London||
||||BC1M4JN||
|Solicitors|||Wellers||
||||Tenisou House||
||||Tweedy Road||
||||Bromley||
||||Kent||
||||BR13NF||
|Charity number|||1105674||
|Company|number||05144212||
|Charity website|||www. cftchurches. org||
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||||||Year ended 30|June 2021|Year ended 30June 2020|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total|Total|
|||||Notes|Funds|Funds|Funds|
||||||g|g||
|Income||||||||
|Income from:||||||||
|Donations|||||1,514,064|1,514,064|1,373,175|
|Gift Aid on donations|||||286,724|286,724|253,954|
|Charitable
activities|||||47,255|47,255|32,800|
|Government|grants||||||2,720|
|Total income|||||1,848,043|1,848,043|1,662,649|
|Expenditure|on:|||||||
|Charitable activities|||||855,018|855,018|1,089.354|
|Finance
costs,
interest||payable|and|||||
|other charges|||||105,070|105,070|131,903|
|Governance|costs||||12,760|12,760|12,156|
|Total expenditure|||||972,848|972,848|1,233,413|
|Net income|||||875,195|875,195|429,236|
|Total funds|brought forward||||6,545,595|6,545,595|6,116,359|
|Total funds|carried forward|||10|7,420,790|7,420,790|6,545,595|
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|||Notes|2021|2020|
|---|---|---|---|---|
||||8|8|
|Fixed assets|||||
|Tangible fixed assets|||7,720,258|7,843,000|
|Current assets|||||
|Debtors|||193,482|174,684|
|Cash at bank|and in hand||2,601,970|1,743,483|
|Creditors due vvithtn one year|||(226,075)|(201,022)|
|Net current|assets||2,569,377|1,717,145|
|Total assets|less current liabilities||10,289,635|9,560,145|
|Creditors due after one year|||(2,868,845)|(3,014,550)|
|Net assets|||7,420,790|6,545,595|
|Income funds|||||
|Unrestricted|Funds|10|7,420,790|6,545,595|
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||||Notes|2021||2020||
|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities|||||||
|Cash generated
from operations|||15||1,252,579||781,485|
|Investing
activities||||||||
|Purchase oftangible assets||||(136,596)||(374,393)||
|Net cash used in investing|activities||||(136,596)||(374,393)|
|Financing
activities||||||||
|Repayment ofborrowings||||(155,902)||(136,477)||
|Interest paid||||(101,594)||(129,536)||
|Net cash used in flaancing|activities||||(257,496)||(266,013)|
|Net increase in cash and|cash equivalents||||858,487||141,079|
|Cash and cash equivalents|at|beginning|ofyear||1,743,483||1,602,404|
|Cash and cash equivalents||at end of|year||2,601,970||1,743,483|
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|Financial
liabilities
are d
discharged
or cancelled.|erecogmsed
when the Fund's
co|ntractual
obligation
expires or|are|
|---|---|---|---|
|Voluntary
income||2021|2020|
|||g|g|
|Donations||1,514,064|1,373,175|
|Other income||2021|2020|
|||X|g|
|Rent received||46,666|32,800|
|Online advertising||589||
|||47,255|32,800|
|Net incoming resources|for the year|2021|2020|
|||g||
|This is stated after charging:||||
|Depreciation||259,338|257,217|
|Directors'
remuneration|(see note 5)|113,608|111,200|
|Auditors'
remuneration|—audit|9,600|9,420|
|Auditors'
remuneration|—non audit|2,568|6,643|
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|nalysis oftotal resources expe|nded||||||
|---|---|---|---|---|---|---|
||||E||||
|||||s|2021|2020|
||||r9|o|Total|Total|
|Staffcosts|Time|220,723|||220,723|215,003|
|Church running
expenses,|||||||
|maintenance
&repairs|Usage|177,529||3,160|180,689|239,980|
|Evangelism,
honorarium|||||||
|&donations|Direct|136,024|||136,024|220,242|
|Sundry office costs|Usage|19,716|||19,716|56,579|
|Travel &motor expenses|Usage|14,234|||14,234|70,326|
|Audit fees|Direct|||9,600|9,600|9,420|
|Professional
fees|Usage|27,454|||27,454|32,743|
|Bank charges &finance costs|Usage|3,476|||3,476|2,367|
|Loan &,HP interest|Usage|101,594|||101,594|129,536|
|Depreciation|Usage|259,338|||259,338|257,217|
|||K960,088|K(2,760||8972,848|EL233,413|
|Staffcosts:|||||2021|2020|
||||||g|8|
|Minister in charge|||||82,408|80,000|
|Housing
allowance|||||31,200|31,200|
|Wages and salaries|||||89,619|87,590|
|Social security costs|||||14,253|13,069|
|Pension costs|||||3,243|3,144|
||||||220,723|215,003|
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||The average number ofemployees,|
auslysed
by function, w|ss;|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||No.|No.|
||Church|||1|1|
||Administration|||4|4|
|||||5|5|
|6.|Tangible lixed assets|||||
|||Freehold
Properly|Computers,
ftstures &
equtpmeut|Motor
Vehicles|Total|
||Cost:|g||||
||At 1 July 2020|9,222,655|885,624|156,394|10,264,673|
||Additions|28,241|108,355||136,596|
||At 30June 2021|9,250,896|993,979|156,934|10,401,269|
||Depreciation:|||||
||At 1July 2020|1,560,437|716,362|144,874|2,421,673|
||Charge for the year|197,396|56,182|5,760|259,338|
||At 30June 2021|1,757,833|772,544|150,634|2,681,011|
||Net book value:|||||
||At 30June 2021|7,493,063|221,435|5,760|7,720,258|
||At 30June 2020|7,662,218|169,262|11,520|7,843,000|
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|Tangible fixed|assets (conti|nued)||||||
|---|---|---|---|---|---|---|---|
|Freehold Properties|Ebenezer
Building|Bethesda
nundlng|215
Bderion
Road|6Gonne
Lane|The
Apoeionc
Church|Unit 4B
Rosemouni
Dublin|Total|
||||g|||8||
|Cost:||||||||
|At 1July 2020|7,301,107|994,039|282,433|200,205|191,953|252,918|9,222,655|
|Additions|20,717|7,524|||||28,241|
|At 30June 2021|7,321,824|1,001,563|2&2,433|200,205|191,953|252,918|9,250,896|
|Depreciation:||||||||
|At 1July 2020|1,204,843|237,191|74,128|20,021|19,195|5,059|1,560,437|
|Charge for the year|158,815|20,031|5,649|4,004|3,839|5,058|197,396|
|At 30June 2021|1,363,658|257,222|79,777|24,025|23,034|10,117|1,757,833|
|Net book value:||||||||
|At 30June 2021|5,958,166|744,341|202,656|176,1&0|168,919|242,801|7,493,063|
|At 30June 2020|6,096,264|756,848|208,305|180,184|172,758|247,859|7,662,218|
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|Notes to the accounts for the year ended 30|June 2021 (co|ntinued)||
|---|---|---|---|
|Creditors due in more than one year (continued)||||
|Analysis ofloans||2021|2020|
||||g|
|Bank loans||3,023,781|3,179,683|
|Bank loans due within one year||(154,936)|(165,133)|
|Bank loans due after more than one year||2,868,845|3,014,550|
|Loan maturity
analysis||||
|Balance due between one and two years||159,998|170,651|
|Balance due between two and five years||511,839|546,374|
|Balance due more than five years||2,197,008|2,297,525|
|Statement offunds||||
|Total
Funds
2020|Incomhig
Resources|Outgoing
Resources|Total
Funds
2021|
|Unrestricted
funds:||||
|General funds
f6,545,595|81,848,043|f972,848|Z7,420,790|
||General
Funds|Total
Funds
2021|Total
Funds
2020|
|Represented
by:||||
|Tangible fixed assets|7,720,258|7,720,258|7,843,000|
|Net current assets/(liabilities)|2,569,377|2,569,377|1,717,145|
|Long term liabilities|(2,868,845)|(2,868,845)|(3,014,550)|
||F7,420,790|f7,420,790|f6,545,595|
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|ancial instrument|s|s|||
|---|---|---|---|---|
|Carrying amount|offinancial assets (excluding cash)||2021|2020|
|||||K|
|Debt instruments|measured|at amortised cost|||
|Carrying amount|offinancial liabilities||2021|2020|
|Debt instruments|measured|at amoitised cost|3,088,877|3,211,390|
||||3,088,877|3,211,390|
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||Notes|to the|accounts for the year ended 30June 2|accounts for the year ended 30June 2|021(continued)||
|---|---|---|---|---|---|---|
|15.|Cash generated|from|operations||||
||||||2021|2020|
||Surplus for the year||||875,195|429,236|
||Adjustments|for|||||
||Interest paid||||101,594|129,536|
||Depreciation|urd impairment||oftangible fixed assets|259,338|257,217|
||Movements|in svorklng capital|||||
||(Increase)/decrease||in debtors||(18,798)|17,164|
||Increase/(decrease)||in creditors||35,250|(51,668)|
||||||1,252,579|781,485|