2022-06-30-accounts

Trustees		and Directors		Reverend A.T.B.	Reverend A.T.B.
				Williams Mr. T.O.
				Adisa
				Mr.S.C.
				Ahamefula	Mr.
				O. 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
				BR1
				1HE
Accountants				Sterlings Accountancy		Solutions
				Limited Unit 5 Woodbrook Crescent
				Billeric
				ay
				Essex
				CM12
				OEQ
Auditors				Beavis Morgan Audit		Limited
				82StJohn	Street
				London
				EC1M4JN
Solicitors				Wellers
				Tenison House
				Tweedy Road
				Bromley
				Kent
				BR1
				3NF
Charity	number			1105674
Company		number		05144212
Charity	website			www. cftchurches. org

Pages	1 —5	Trustees' Report
	6 —8	Independent Auditors'	Report
		Statement ofFinancial	Activities
	10	Balance Sheet
		Statement ofCash Flows
	12-22	Notes to the Financial	Statements

					Year ended 30	June 2022	Year ended 30June 2021
					Unrestricted	Total	Total
				Notes	Funds	Funds	Funds
Income
Income from:
Donations					1,706,088	1,706,088	1,514,064
Gift Aid on donations					294,697	294,697	286,724
Charitable activities					49,592	49,592	47,255
Total income					2,050,377	2,050,377	1,848,043
Expenditure on:
Charitable activities					974,996	974,996	855,018
Finance costs,	interest	payable	and
other charges					106,923	106,923	105,070
Governance costs					11,301	11,301	12,760
Total expenditure					1,093,220	1,093,220	972,848
Net income					957,157	957,157	875,195
Total funds brought forward					7,420,790	7,420,790	6,545,595
Total funds carried forward				10	8,377,947	8,377,947	7,420,790

	Notes	2022	2021
Fixed assets
Tangible fixed assets		8,178,693	7,720,258
Current assets
Debtors		223,031	193,482
Cash at bank and in hand		2,990,593	2,601,970
Creditors due within one year		(283,585)	(226,075)
Net current assets		2,930,039	2,569,377
Total assets less current liabilities		11,108,732	10,289,635
Creditors due after one year		(2,730,785)	(2,868,845)
Net assets		8,377,947	7,420,790
Income funds
Unrestricted Funds	10	8,377,947	7,420,790

		Notes	2022		2021
Cash flows from operating	activities
Cash generated from operations		15		1,413,477		1,252,579
Investing activities
Purchase oftangible assets			(773,147)		(136,596)
Net cash used in investing	activities			(773,147)		(136,596)
Financing activities
Repayment ofborrowings			(149,425)		(155,902)
Interest paid			(102,282)		(101,594)
Net cash used in financing	activities			(251,707)		(257,496)
Net increase in cash and	cash equivalents			388,623		141,079
Cash and cash equivalents	at	beginning ofyear		2,601,970		1,743,483
Cash and cash equivalents		at end ofyear		2,990,593		2,601,970

2.	Voluntary income	2022	2021
	Donations	1,706,088	1,514,064
3.	Other income	2022	2021
	Rent received	49,533	46,666
	Online advertising	59	589
		49,592	47,255

	Net incoming resources	for the year	for the year			2022	2021
	This is stated after charging:
	Depreciation					314,712	259,338
	Directors' remuneration	(see note 5)				114,432	113,608
	Auditors' remuneration	—audit				8,100	9,600
	Auditors' remuneration	—non audit				2,586	2,568
5.	Analysis oftotal resources expended
						2022	2021
						Total	Total
	Staffcosts		Time	215,705		215,705	220,723
	Church running expenses,
	maintenance &repairs		Usage	211,296	3,201	214,497	180,689
	Evangelism, honorarium
	&donations		Direct	82,300		82,300	136,024
	Sundry office costs		Usage	66,341		66,341	19,716
	Travel &motor expenses		Usage	53,190		53,190	14,234
	Audit fees		Direct		8,100	8,100	9,600
	Professional fees		Usage	32,399		32,399	27,454
	Bank charges &finance	costs	Usage	3,694		3,694	3,476
	Loan &HP interest		Usage	102,282		102,282	101,594
	Depreciation		Usage	314,712		314,712	259,338
				K1,081,919	$11,301	K1,093,220	f972,848
	Staffcosts:					2022	2021
						f.
	Minister in charge					83,232	82,408
	Housing allowance					31,200	31,200
	Wages and salaries					84,180	89,619
	Social security costs					13,900	14,253
	Pension costs					3,193	3,243
						215,705	220,723

angible fixed assets
	Freehold Property	Computers ~ fixtures & equipment	Motor Vehicles	Total
Cost:
At 1 July 2021	9,250,896	993,979	156,394	10,401,269
Additions	714,282	57,665	1,200	773,147
At 30June 2022	9,965,178	1,051,644	157,594	11,174,416
Depreciation:
At 1 July 2021	1,757,833	772,544	150,634	2,681,011
Charge for the year	247,763	60,949	6,000	314,712
At 30June 2022	2,005,596	833,493	156,634	2,995,723
Net book value:
At 30June 2022	7,959,582	218,151	960	8,178,693
At 30June 2021	7,493,063	221,435	5,760	7,720,258

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	Notes	to the accounts for the year ended 30	June 2022 (continued)
	Debtors		2022	2021
	Prepayments	and accrued income	76,801	41,788
	Gift Aid recoverable		142,05 L	141,295
	Other debtors		4,17l	10,399
			223,031	193,482
8.	Creditors due	within one year	2022	2021
	Bank loans (note 9)		143,571	154,936
	Trade creditors		109,392	47,345
	Taxation and	social security	4,321	6,043
	Other creditors		11,083	2,043
	Accruals and	deferred income	15,218	15,708
			283,585	226,075
9.	Creditors due	in more than one year	2022	2021
	Bank loans		2,730,785	2,868,845
			2,730,785	2,868,845

			2022	2021
Analysis ofloans
Bank loans			2,874,356	3,023,781
Bank loans due within one year			(143,571)	(154,936)
Bank loans due after more than one year			2,730,785	2,868,845
Loan maturity analysis
Balance due between one and two years			149,656	159,998
Balance due between two and five years			491,243	511,839
Balance due more than five years			2,089,886	2,197,008
Statement offunds
	Total Funds 2021	Incoming Resources	Outgoing Resources	Total Funds 2021
Unrestricted funds:
General funds	17,420,790	K2,050,377	K1,093,220	K8,377,947
		General Funds	Total Funds 2022	Total Funds 2021
Represented by:
Tangible fixed assets		8,178,693	8,178,693	7,720,258
Net current assets/(liabilities)		2,930,039	2,930,039	2,569,377
Long term liabilities		(2,730,785)	(2,730,785)	(2,868,845)
		K8,377,947	K8,377,947	K7,420,790

Carrying amount	of financial	assets (excluding	assets (excluding	cash)	2022	2021
Debt instruments	measured at	amortised	cost
Carrying amount	of financial	liabilities			2022	2021
Debt instruments	measured at	amortised	cost		3,010,049	3,088,877
					3,012,508	3,088,877

						2022	2021
Surplus for	the year					957,157	875,195
Adjustments	for
Interest paid						102,282	101,594
Depreciation	and impairment			oftangible	fixed assets	314,712	259,338
Movements	in working		capital
(Increase)/decrease		in debtors				(29,549)	(18,798)
Increasel(decrease)		in creditors				68,875	35,250
						1,413,477	1,252,579