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2021-08-31-accounts

Page
Trustees
Report		 1-5
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance Sheet
Notes to the Accounts 9-13

Unrestricted Unrestricted Restricted Restricted Total Total Total Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
Note 31August 2021 31August 2021 31August 2021 31August 2020
E K
INCOMING
RESOURCES
Incoming resources from generated funds
Voluntary
Income		 59,720 8,022 67,742 64,616
Other Income
—Furlough		 52,243 52,243
Investment
Income
Incoming resources from charitable activities
Advance
the Christian		 faith 75,635 32,494 108,129 140,606
187,598 40,516 228,114 205,229
RESOURCES EXPENDED
Charitable
Activities
Support Costs 48,857 48,857 98,841
Premises Costs 26,024 26,024 23,427
Grants
& Gifts		 1,346 44,127 45,473 61,345
People Costs 219,977 219,977 108,914
Advance
the Christian		 Faith 111,565 6,327 117,892 105,464
Governance
costs		 11,754 11,754 9,730
TOTAL RESOURCES EXPENDED 419,523 50,454 469,977 407,721
NET INCOMING
I(OUTGOING) RESOURCES		 ( 231,925) ( 9,938) ( 241,863) ( 202,491)
Other recognised
gains Ilosses
Gains/losses
on disposal of		 investment assets 12,000 12,000
Gains/Losses
on revaluation		 of property to Fair Value 96,000 96,000
NET MOVEMENT
IN FUNDS		 ( 123,925) ( 9,938) ( 133,863) ( 202,491)
RECONCILIATION
OF FUNDS-
Balances brought
forward		 2 194363 66390 2 260 753 2 463244
Balances carried forward 2070 438 56451 2 126889 2 260 753

Unrestricted Restricted Total Total
Funds Funds Funds Funds
Note 31August 2021
f		 31August 2021 31August 2021
f		 31August 2020
FIXEDASSETS
Tangible assets 1,488,995 1,488,995 1,543,300
Investments 332 332 332
1,489,327 1,489,327 1,543,632
CURRENT ASSETS
Debtors 226,423 226,423 310,339
Cash at bank and in hand 400,533 56,451 456,984 436,061
626,956 56,451 683,407 746,400
CREDITORS
Amounts
falling due &1Yr		 10 ( 45,845) ( 45,845) ( 29,280)
NET CURRENT ASSETS 581,111 56,451 637,562 717,120
TOTAL ASSETSLESSCURRENT
LIABILITIES 2,070,438 56,451 2,126,889 2,260,753
NETASSETS 2,070,438 56,451 2,126,889 2,260,753
FUNDS OF THE CHARITY 11
Brought forward 2,194,363 66,390 2,260,753 2,463,244
Net incoming
resources		 ( 123,925) ( 9,939) ( 133,864) ( 202,491)
Revaluation
reserve
Balances carried forward 2,070,438 56,451 2,126,889 2,260,753

2. VOLUNTARY INC OME
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31 August2021 31August2021 31August
E		 2021 31August
f		 2020
Donations 10,190 10,190 5,564
Gift Aid 2,015 2,015 2,079
Mission
Fund		 3,384 3,384 3,155
Acclaim 6,904
Church Tithes 40,632 40,632 35,796
General 3,500 3,500 3,200
02H One Off Donations 1,500 1,500 1,345
02H Gift Aid 2,176 2,176 1,985
Hope for India Donations 4,346 4,346 4,589
59,720 8,022 67,742 64,616
3. SUPPORT COSTS
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31 August2021 31August2021 31August
E		 2021 31August
f		 2020
Telephone and fax 3,614 3,614 4,362
Computer Software &Maintenance 2,766 2,766 1,606
Printing,
Postage &		 Stationery 768 768 796
Literature, Books & Accreditation Fee 6,640 6,640 4,357
Sundry Expenses 2,458 2,458 10,269
Legal and Professional Fees 24,883 24,883 9,152
Travel and Subsistence 4,043 4,043 64,509
Depreciation ofLeasehold Property 1,348 1,348 1,348
Depreciation of Fixtures and Fittings 2,337 2,337 2,443
48857 48 857 98841
4. PREMISES COSTS
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31 August2021 31August2021 31August 2021 31August 2020
f f f f
Facilities 24,979 24,979 23,101
Insurance 1,045 1,045 326
26024 26 024 23427
5. PEOPLE COSTS
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31 August2021 31August2021 31August 2021 31August 2020
f f f f
Wages and Salaries 126,570 126,570 62,671
Staff Nic (Employers) 3,067 3,067 3,413
Trustee's Salaries 70,987 70,987 22,668
Trustee's Social Security 4,452 4,452 3,642
Trustee's Expenses 7,190 7,190 11,773
Staff Training 2,086
Promotion of the College 7,710 7,710 2,661
219977 219977 108 914
No staff members were paid more than f50,000.

10. CREDITORS: amounts CREDITORS: amounts CREDITORS: amounts due Yearended Yearended Year ended ended
within one year 31August
f		 2021 31August
f		 2020
Trade creditors 7,616
Other taxes and social security 2,560 2,203
Other creditors 35,669 27,077
45,845 29,280
11. RESERVES
As at 01-09-20 Net As at 31-08-21
Movement
in
Fundsf
Unrestricted funds
General
fund		 2 194363 123925 2070438
2,194,363 ( 123,925) 2,070,438
Restricted funds
Hope for India 13,304 ( 406) 12,898
Opportunity
2		 Hope 11,095 ( 4,053) 7,042
Africa Enterprise Trust 41,991 ( 5,479) 36,512
66,390 ( 9,938) 56,452
Total Funds 2,260,753 133,863 2,126,889
Net movement in funds, included in the above are as follows:
Incoming Resources Gain and Movement in
resources
6		 expended
f		 Losses
f		 funds
Unrestricted funds
General
fund		 187,598 ( 419,523) 108,000 ( 123,926)
Restricted funds
Hope for India 4,346 ( 4,752) ( 406)
Opportunity
2		 Hope 14,271 ( 18,325) ( 4,053)
Africa Enterprise Trust 21,898 ( 27,377) ( 5,479)
Total Funds 228,114 469,977 108,000 ~133,863

Yearended Yearended
31August 2021
F		 f f 31August 2020 f
INCOMING RESOURCES
HH Income 12,426
Donations 10,190 5,564
Gift Aid 2,015 2,079
HH Offerings 6,904
Rental Income - Temple Buildings 40,000 40,000
02H One Off Donations 1,500 1,345
02H Gift Aid 2,176 1,984
Hope for India Donations 4,346 4,589
Church Tithes:London 6,500 5,500
Leaders Days 540 90
Leadership
Academy		 1,680 3,160
Wood spring Church 200
Basildon 4,240 5,035
Birmingham 5,622 5,522
Cambridge 7,260 5,985
Church Tithes:Mid Somerset 2,400 2,500
Letchworth 4,960 5,760
Rugby 1,650 1,800
Lancaster Church
Alive		 7,100 1,366
General 3,500 3,200
Church Tithes:Peterborough 300 330
Mission funds:general Mission offerings 3,384 3,155
Mumbles
Bay Court Flat Costs		 500
Rental Income - 21 King Edward Street 8,820 8,035
Rental Income - 18Bennett Street 9,145 7,190
Rental Income - Aspen Walk 8,950 10,750
Rental Income - London Road 6,500 6,375
AET Regular Income 19,099 35,359
AET Gift Aid 2,799 2,697
BookSale to Visitors 133
02H Membership
Income		 10,596 13,891
Dunstable 600 1,800
Bank Interest
175,872 205,230
RESOURCES EXPENDED
Wages and Salaries 126,570 62,671
Staff Nic (Employers) 3,067 3,413
Trustee's Salaries 70,987 22,668
Trustee's Social Security 4,452 3,642
Furlough
Grant Income		 ( 52,243)
Trustee's Expenses 7,190 11,773
Temple
Building Costs		 180
New Street Costs 1,788 8,539
Marketing 104,186 60,294
Leaders day Costs 156 21
Office Facility costs 8,945 6,653
Mumbles
Bay flat costs		 4,545 2,527
Leading Edge Costs 1,487 2,570
Swansea costs 693 9,122
Staff Training 284
Facilities 21,513 22,320
Insurance 1,045 326
Hothorpe
Hall Costs		 250 25,462
Telephone
and fax		 3,614 4,362
Computer
Software & Maintenance		 2,766 1,606
Printing,
Postage & Stationery		 768 796
Literature,
Books &Accreditation		 Fee 6,640 4,357
Grants and Gifts 45,885 61,792
Sundry Expenses 1,354 700
Legal and Professional
Fees		 Legal and Professional
Fees		 36,637 18,881
Promotion
ofthe College		 7,710 2,661
Travel and Subsistence 4,044 64,509
Ansty Staff Retreat 1,802
Depreciation
of Leasehold		 Property 1,348 1,348
Depreciation
of Fixtures and		 Fittings 2,337 2,443
(Profit) / Loss on Disposal of FA ( 12,000)
405,735 407,722
NET (OUTGOING)
/ INCOMING		 RESOURCES ( 229,863) ( 202,492)
Balances brought
forward		 2,260,752 2,463,244
Gains/Losses
on revaluation		 of property to Fair Value 96,000
Balances carried forward 2,126,889 2,260,752