|||||Page||
|---|---|---|---|---|---|
|Report ofthe Trustees|||1|to|4|
|Independent
Examiner's|Report|||||
|Statement ofFinancial
Activities||||||
|Balance Sheet|||7|to|8|
|Cash Flow Statement||||||
|Notes to the Cash Flow|Statement|||10||
|Notes to the Financial Statements|||11|to|18|
|Detailed Statement ofFinancial||Activities|19|to|20|
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##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|||||
|INCOME|AND ENDOWMENTS||FROJVI||||||
|Donations|and legacies||||106,955|157,206|264,161|550,090|
|Charitable|activities||||||||
|Evangelist|activities||||7,495||7,495|8,976|
|Camp and|training||||13,756||13,756|3,492|
|Other income|||||19,352|300|19,652|5,336|
|Total|||||147,558|157,506|305,064|567,894|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Evangelist|activities||||77,794|71,521|149,315|221,141|
|Camp and|training||||43,149||43,149|11,095|
|Total|||||120,943|71,521|192,464|232,236|
|NET INCOME|||||26,615|85,985|112,600|335,658|
|Transfers|between
funds||||(8,369)|8,369|||
|Net movement
in funds|||||18,246|94,354|112,600|335,658|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||forxvarxl|||241,771|3,165,072|3,406,843|3,071,185|
|TOTAL FUNDS CARRIF D FORrrVARD|||||260,017|3,259,426|3,519,443|3,406,843|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets||231,246|3,441,676|3,672,922|3,544,626|
|CURRENT ASSETS||||||
|Debtors||15,971|9,090|25,061|20,604|
|Cash at bank and in hand||120,967|10,943|131,910|189,619|
|||136,938|20,033|156,971|210,223|
|CREDITORS||||||
|Amounts
falling due within one year|10|(108,167)|(202,283)|(310,450)|(300,506)|
|NET CURRENT ASSETS||28,771|(182,250)|(153,479)|(90,283)|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||260,017|3,259,426|3,519,443|3,454,343|
|CREDITORS||||||
|Amounts
falling due after more than one year|11||||(47,500)|
|NET ASSETS||260,017|3,259,426|3,519,443|3,406,843|
|FUNDS||||||
|Unrestricted
funds||||260,017|241,771|
|Restricted
funds||||3,259,426|3,165,072|
|TOTAL FUNDS||||3,519,443|3,406,843|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating||activities||||
|Cash generated
from operations||||131,262|281,433|
|Interest paid||||(133)|(4,635)|
|Net cash provided
by operating
activities||||131,129|276,798|
|Cash flows from investing||activities||||
|Purchase oftangible
fixed assets
Sale oftangible
fixed assets||||(138,838)|(126,712)
9,000|
|Net cash used in investing|activities|||(138,838)|(117,712)|
|Cash flows from financing||activities||||
|Loan repayments
in year||||(50,000)||
|Net cash (used in)/provided||by financing|activities|(50,000)||
|Change
in cash and cash|equivalents||in|||
|the reporting
period||||(57,709)|159,086|
|Cash and cash equivalents||at the||||
|beginning
ofthe reporting||period||189,619|30,533|
|Cash and cash equivalents||at the end|of|||
|the reporting
period||||131,910|189,619|
##
##
|RECONCILIATION|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|
||||||2021|2020|
|Net income|for the reporting|||period (as per the Statement ofFinancial|||
|Activities)|||||112,600|335,658|
|Adjustments|for:||||||
|Depreciation|charges||||10,542|4,189|
|Profit on disposal offixed assets||||||(9,000)|
|Interest paid|||||133|4,635|
|(Increase)/decrease
in debtors|||||(4,457)|37,067|
|Increase/(decrease)
in creditors|||||12,444|(91,116)|
|Net cash provided
by||operations|||131,262|281,433|
|ANALYSIS|OF CHANGES|||IN NET FUNDS|||
|||||At 1.1.21|Cash flow|At 31.12.21|
|Net cash|||||||
|Cash at bank|and in hand|||189,619|(57,709)|131,910|
|||||189,619|(57,709)|131,910|
|Debt|||||||
|Debts falling|due within||I year|(2,500)|2,500||
|Debts falling|due after|I|year|(47,500)|47,500||
|||||(50,000)|50,000||
|Total||||139,619|(7,709)|131,910|
##
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##
|Land||not provided|
|---|---|---|
|Plant and|machinery|25%on cost|
|Fixtures|and fittings|25%on cost|
|Computer|equipment|33%oil cost|
##
##
##
|2.|DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||Gifts|||||||212,129|510,833|
||Donations||||||||815|
||Gift aid|||||||14,682|13,129|
||Grants|||||||37,350|25,313|
|||||||||264,161|550,090|
||Grants received,||included||in the above, are|as follows:||||
|||||||||2021|2020|
||Other grants|||||||37,350|25,313|
||INCOME|FROM||CHARITABLE ACTIVITIES||||||
|||||||||2021|2020|
||||||Activity|||||
||Sale ofreligious||literature||Evangelist|activities||7,495|8,976|
||Camp and|training||fees|Camp and|training||13,756|3,492|
|||||||||21,251|12,468|
|4.|CHARITABLE||ACTIVITIES COSTS|||||||
|||||||||Support||
||||||||Direct|costs (see||
||||||||Costs|note 5)|'Iotals|
||Evangelist|activities|||||97,444|51,871|149,315|
||Camp and|training|||||4,149|39,000|43,149|
||||||||101,593|90,871|192,464|
|5.|SLJPPORT COSTS|||||||||
|||||||||Governance||
|||||||Management|Finance|costs|Totals|
||Evangelist|activities||||32,470|698|18,703|51,871|
||Camp and|training||||39,000|||39,000|
|||||||71,470|698|18,703|90,871|
##
|||2021|2020|
|---|---|---|---|
|Independent|examination
fees|3,300|2,568|
|Depreciation|—owned assets|10,542|4,190|
|Hire ofplant|and machinery|765|715|
|Surplus
on disposal offixed assets|||(9,000)|
##
##
##
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
|||Activity|Plant and|
||l.and|centre|machinery|
|COST||||
|At lstJanuary
2021|204,029|3,334,432|43,655|
|Additions||107,244|8,250|
|At 31st December 2021|204,029|3,441,676|51,905|
|DEPRECIATION||||
|At 1stJanuary
2021|||41,558|
|Charge for year|||2,762|
|At 31st December 2021|||44,320|
|NET BOOK VALUE||||
|At 31st December 2021|204,029|3,441,676|7,585|
|At 31st December 2020|204,029|3,334,432|2,097|
##
|8.|TANGIBLE FIXED|AS|SETS-continued||||
|---|---|---|---|---|---|---|
|||||Fixtures|||
|||||and|Computer||
|||||fittings|equipment|Totals|
||COST||||||
||At 1st January
2021|||45,858|17,769|3,645,743|
||Additions|||23,344||138,838|
||At 31st December 2021|||69,202|17,769|3,784,581|
||DEPRECIATION||||||
||At 1st January
2021|||45,477|14,082|101,117|
||Charge for year|||5,963|1,817|10,542|
||At 31st December 2021|||5 1,440|15,899|111,659|
||NET BOOK VALUE||||||
||At 31st December 2021|||17,762|1,870|3,672,922|
||At 31st December 2020|||381|3,687|3,544,626|
|9.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2021|2020|
||Trade debtors||||334|1,443|
||Income tax recoverable||||17,193|2,512|
||VAT||||2,707|11,266|
||Prepayments
and accrued||income||4,827|5,383|
||||||25,061|20,604|
|10.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2021|2020|
||Bank loans and overdrafts||(see note 12)|||2,500|
||Payments
on account||||60||
||Trade creditors||||20,680|837|
||Social security
and other taxes||||524||
||Accruals and deferred|income|||3,435|3,318|
||Otherloans||||285,751|293,851|
||||||310,450|300,506|
||Other loans||||||
||Other loans are made up as follovvs:||||||
||||||2021|2020|
||Mr P Dixon||||30,000|30,000|
||Mr J I-ludson||||39,218|39,218|
||Mr A Malkin||||152,283|152,283|
##
|Mr|K|Carter|4,250|12,350|
|---|---|---|---|---|
|Mr|C|K Stenner|20,000|20,000|
|Mrs|3|Stenner|40,000|40,000|
||||285,751|293,851|
##
|11.|CREDITO|RS: AIVIOUNTS|FALLING DUE AFTER IVIORE THA|N ONE YEAR||
|---|---|---|---|---|---|
|||||2021|2020|
||Bank loans|(see note 12)|||47,500|
|12.|LOANS|||||
||An analysis|ofthe maturity ofloans is given below:||||
|||||2021|2020|
||Amounts
falling due within one yeiu on demand:|||||
||Bank loans||||2,500|
||Amounts
falling behveen
one||and two years:|||
||Bank loans|—1-2years|||10,000|
||Amounts
falling due between||hvo and five years:|||
||Bank loans|—2-5 years|||30,000|
||Amounts
falling due in more than live years:|||||
||Repayable|by instalments:||||
||Bank loans|more 5 yr by instal|||7,500|
##
|MOVE|MENT
IN FUNDS||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.21|in funds|funds|31.12.21|
|Unrestricted
funds|||||||
|General|||241,771|26,615|(8,369)|260,017|
|Restricted
funds|||||||
|Activity|centre||3,157,253|92,254||3,249,507|
|Missionary
Fund||||(8,369)|8,369||
|Overseas|Bible Exhibition||7,819|2,100||9,919|
||||3,165,072|85,985|8,369|3,259,426|
|TOTAL|FUNDS||3,406,843|112,600||3,519,443|
|Net movement
in funds, included|||in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted
funds|||||||
|General||||147,558|(120,943)|26,615|
|Restricted
funds|||||||
|Activity|centre|||92,254||92,254|
|Missionary
Fund||||61,952|(70,321)|(8,369)|
|Overseas|Bible Exhibition|||3,300|(1,200)|2,100|
|||||157,506|(71,521)|85,985|
|1'OTAL|FUNDS|||305,064|(192,464)|112,600|
|Comparatives
for movement||in|funds||||
||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 1.1.20|in funds|funds|31.12.20|
|Unrestricted|||fun&is|||||
|General||||25,065|227,213|(10,507)|241,771|
|Restricted||funds||||||
|Activity|centre|||3,035,514|121,739||3,157,253|
|Missionary|||Fund|3,167|(13,674)|10,507||
|Overseas||Bible Exhibition||7,439|380||7,819|
|||||3,046,120|108,445|IO,S07|3,165,072|
|TO1AL|F(INDS|||3,071,185|335,658||3,406,843|
##
|||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|---|
|||||||resources|expended|in funds|
|Unrestricted
funds|||||||||
|General||||||399,345|(172,132)|227,213|
|Restricted||funds|||||||
|Activity|centre|||||121,739||121,739|
|Missionary||Fund||||46,430|(60,104)|(13,674)|
|Overseas||Bible Exhibition||||380||380|
|||||||168,549|(60,104)|108,445|
|TOTAL|FUNDS|||||567,894|(232,236)|335,658|
|A current||year 12 months|and prior year 12months|combined|position|is as follows:|||
|||||||Net|Transfers||
|||||||movement|between|At|
|||||At 1.1.20||in funds|funds|31.12.21|
|Unrestricted
funds|||||||||
|General||||25,065||253,828|(18,876)|260,017|
|Restricted||funds|||||||
|Activity|centre|||3,035,514||213,993||3,249,507|
|Missionary||Fund||3,167||(22,043)|18,876||
|Overseas|Bible Exhibition|||7,439||2,480||9,919|
|||||3,046,120||194,430|18,876|3,259,426|
|TOTAL|FUNDS|||3,071,185||448,258||3,519,443|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted
funds||||||
|General|||546,903|(293,075)|253,828|
|Restricted||funds||||
|Activity|centre||213.993||213,993|
|Ivlissionary
Overseas||Fund
Bible Fxhibition|108,382
3,680|(130,42S )
(1,200)|(22,043)
2,480|
||||326,055|(131,62S)|194,430|
|TOTAL|FUNDS||872,9S8|(424,700 )|448,2S8|
##
##
|||2021|2020|
|---|---|---|---|
|INCOIVIE AND ENDOWMENTS||||
|Donations
and legacies||||
|Gifts||212,129|510,833|
|Donations|||815|
|GiA aid||14,682|13,129|
|Grants||37,350|25,313|
|||264,161|550,090|
|Charitable
activities||||
|Sale ofreligious
literature||7,495|8,976|
|Camp and training|fees|13,756|3,492|
|||21,251|12,468|
|Other income||||
|Miscellaneous
income||19,652|5,336|
|Total incoming
resources||305,064|567,894|
|EXPENDITURE||||
|Charitable
activities||||
|Hire ofplant and machinery||765|715|
|Purchases||7,648|9,420|
|Miscellaneous
purchases||206||
|Gifts to workers||71,621|87,273|
|Food costs||3,353|1,453|
|KVages and salaries||18,000|21,382|
|||101,593|120,243|
|Support costs||||
|Management||||
|Rates and water||470|605|
|1llsulrailce||6,618|11,453|
|Light and heat||12,995|7,411|
|Telephone||5,263|6,516|
|Printing,
postage and stationery||2,088|526|
|Laundry
expenses||2,093|2,119|
|Motor expenses||1,428|2,833|
|Computer
software||3,236|5,555|
|Training costs
Repairs k renewals||1,014
21,374|556
11,492|
|Premises expenses
Depreciation ofplant and machinery||4,349
2,762|1,854
2,176|
|Carried forward||63,690|53,096|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|Management||||||
|Brought fonvard
Depreciation offixtures and fittings
Depreciation ofcomputer
equipment
Loss on sale oftangible
fixed assets||||63,690
5,963
1,817|53,096
127
1,886
(9,000)|
|||||71,470|46,109|
|Finance||||||
|Bank charges|and interest|||565|755|
|Bank loan interest||||133|313|
|Mortgage|||||4,322|
||||||5,390|
|Governance|costs|||||
|Independent
examination
fees
Legal and professional
fees||||3,300
15,403|2,568
57,926|
|||||18,703|60,494|
|Total resources|expended|||192,464|232,236|
|Net income||||112,600|335,658|