| Reports | ||||
|---|---|---|---|---|
| Reference and Administrative | Details | 1 | ||
| Trustees' Report incorporating |
Strategic | |||
| Report | ||||
| independent Examiners' |
Report | |||
| Financial Statements | ||||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Cash Flow Statement | ||||
| Notes to the financial | statements | 12 |
| Trustees | Trustees | Folashade Ajiboye(Chair) Abiodun Atanda |
Folashade Ajiboye(Chair) Abiodun Atanda |
Folashade Ajiboye(Chair) Abiodun Atanda |
|
|---|---|---|---|---|---|
| Koiawole Lambo | |||||
| Mark Amadi | |||||
| As at date of | financial | ||||
| statements | approval | ||||
| Church | Pastor | Mark Amadi | |||
| Registered | office | Fountain ofPeace 3 Staffa Road |
Ministries | ||
| Leyton | |||||
| London, E107PY | |||||
| Charity | number | 1108499 (England | and Wales) | ||
| Bankers | HSBC Bank | ||||
| 190 Deptford | High | Street | |||
| London | |||||
| SE84RQA |
| Unrestricted funds F'000 |
Restricted general funds |
Restricted general funds |
Restricted fixed assets |
Total funds 2021 |
Total funds 2020 |
|||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Incoming resources | ||||||||
| incoming resources from |
||||||||
| generated funds .Voluntary income . Other Government Grants |
45,312 | 79,665 | 79665 45312 |
24449 53822 |
||||
| . Investment income |
||||||||
| Incoming resources from | ||||||||
| charitable activities .Tithe and Offering Activities for Generating Funds Total incoming resources |
5 5a |
120,102 61,424 226,838 |
79,665 | 120,102 61,424 306,503 |
148,908 85,807 312,986 |
|||
| Resources expended | ||||||||
| Cost of generating voluntary |
||||||||
| income | ||||||||
| Charitable activities . Charity's operations Governance costs Total resources expended |
243,295 3,900 247,195 |
243,295 3,900 247,195 |
181,089 1,250 182,339 |
|||||
| Net incoming resources before transfers and other recognised gains and losses |
(20,357) | 79,665 | 59,308 | 130647 | ||||
| Transfers | ||||||||
| Gross transfers between funds |
||||||||
| Other recognised gains and |
||||||||
| losses | ||||||||
| Unrealised gain on endowment |
||||||||
| fund | ||||||||
| Actuarial (loss) gain on defined |
||||||||
| benefit pension scheme Net movement in funds |
(20,357) | 79,665 | 59,308 | 130,647 | ||||
| Fund balances brought forward |
91,757 | 165,263 | 257020 | 126373 | ||||
| at 1 September 2020 |
||||||||
| Fund balances carried | 71,400 | 244,928 | 316,328 | 257,020 | ||||
| forward at 31 Au ust 2021 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fixed assets Tangible assets |
10 | ||||||||
| investments | |||||||||
| Current assets | |||||||||
| Debtors Cash at bank and in |
hand | 376 328 316,328 |
257,020 257,020 |
||||||
| Current liabilities | |||||||||
| Creditors: amounts | falling due | ||||||||
| within one year | |||||||||
| Net current assets Net assets excluding |
pension | 316,328 | 257,020 | ||||||
| liability Pension scheme asset/iliability) |
|||||||||
| Net assets including | pension | 316 328 | 257,020 | ||||||
| liability | |||||||||
| Represen'ted by: |
|||||||||
| Funds and reserves | |||||||||
| Endowment funds |
|||||||||
| Restricted funds .Fixed assets . General |
244 928 244,928 |
165 264 165,264 |
|||||||
| unrestricted fun ds . General fund |
71,400 71,400 |
91 756 81.756 |
|||||||
| 316328 | 257,020 | ||||||||
| Total Reserves |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash inflow from operating activities |
||||||
| 9 | 59,308 | 130,647 | ||||
| Net cash inflow from operating activities |
||||||
| Returns on investments and servicing offinance |
||||||
| Interest received | ||||||
| Capital expenditure and financial |
investment | |||||
| Capital expenditure Financial investment of endowment |
monies | |||||
| 59,308 | 130,64 | |||||
| Increase/(decrease) in cash |
||||||
| 2021 | 2020 | |||||
| Reconciliation of net cash flow |
to movement | in net funds | 59,308 | 130,647 | ||
| Increase/(decrease) in cash |
257,020 | 126,373 | ||||
| Net funds at 1 September 2020 | 316,328 | 257,020 | ||||
| Net funds at 31 August 2021 |
| urpose, or contributions s . Voluntary income |
ubject to d | onor imposed | . | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted funds PQOO |
Restricted funds FOQO |
Total funds HOGG |
Total funds KGGG |
||
| Donations | 79,665 79,665 |
79,665 79,665 |
24,449 24,449 |
||
| 3. Other Government | Grants | Unrestricted funds |
Restricted funds |
2021 Total funds |
2020 Total funds |
| HMRC —Gift Aid HMRC —JRS |
31,952 13,360 45,312 |
31,952 13,360 45,312 |
46,910 6,912 53,822 |
| 4. | Investment | Income | Unrestricted funds |
Restricted funds |
2021 Total funds |
2020 Total funds |
|---|---|---|---|---|---|---|
| 5. Tithe and Offering | 5. Tithe and Offering | Unrestricted funds |
Unrestricted funds |
Restricted funds |
Restricted funds |
2021 Total funds |
2020 Total funds |
|
|---|---|---|---|---|---|---|---|---|
| Tithe and Offering | 120,102 120,102 |
120,102 120,102 |
148,908 148,908 |
|||||
| 5a Activities for Generating | Funds Unrestricted funds |
Restricted funds |
2021 Total funds |
2020 Total funds |
||||
| Lettings income | 61,424 61,424 |
61,424 61,424 |
85,807 85,807 |
|||||
| 6. Charitable activities —Church's |
operations | 2021 | 2020 | |||||
| Direct costs | 3,537 | 1,432 | ||||||
| Audio visual | &,IT expenses | 11,618 | 3,606 | |||||
| General administration |
7,576 | 3,665 | ||||||
| 'Insurance | 925 | |||||||
| Leadership | training and |
development | 1,175 | |||||
| legal fees Missionary |
activities | 1,439 8,650 |
2,326 8,261 |
|||||
| Power and | light | 2,255 | 3,847 | |||||
| Printing & |
communications | 28,199 | 7,788 | |||||
| Programme | & events | 97,058 | 107,764 | |||||
| Rent | 6,581 | 4,172 | ||||||
| Repair 8 maintenance | 41,095 | 28,500 | ||||||
| Salaries & | wages | 6,900 | 1,701 | |||||
| Transportation | 417 | 942 | ||||||
| Water | 14,575 | 2,847 | ||||||
| Welfare | 10,740 | 2,138 | ||||||
| Social and | Community | Integration | 2,655 | |||||
| Cleaning | 243,295 | 181,089 | ||||||
| 14 |
| costs | ||||||
|---|---|---|---|---|---|---|
| 7. Gov | ernance | 2021 | 2020 | |||
| Legal and | professional | fees | 3,200 | |||
| Auditors' | remuneration Independent |
examination | of financial | statements | 700 3,900 |
1,250 1,250 |
| 8. Resources | Expen | ded | |||||
|---|---|---|---|---|---|---|---|
| Staff Costs | Non pay Premises |
expenditure Other costs |
Total 2021 |
||||
| Church's operations |
|||||||
| Cost ofgenerating Direct costs |
voluntary | income | 41,095 41,095 |
120,828 120282 |
123,014 123,014 |
243,295 243,295 |
|
| Governance costs |
including | allocated | support | 3,900 | 3,900 | ||
| costs | 41,095 | 120,282 | 126.914 | 247,195 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| (Deficit)/surplus on |
continuing | operations | after depreciation | ofassets | 59,308 | 130,647 | |
| at valuation | |||||||
| Depreciation | |||||||
| Interest receivable | (note 4) | ||||||
| (Increase)/decrease | in debtors | ||||||
| (Decrease)/increase in creditors Net cash inflow from operating |
activities | 59,308 | 130,647 |
| 10.Tangible fixed a | ssets | |||
|---|---|---|---|---|
| Computer | ||||
| equipment | Furniture | |||
| 8 | fittings 8 | |||
| Buildings | software | equipment | Total | |
| Cost | ||||
| At 1 September 2020 | 54,387 | 54,387 | ||
| Additions | ||||
| Transfers | ||||
| Disposals | ||||
| At 31 August 2021 | 54,387 | 54,387 | ||
| Depreciation | ||||
| At 1 September 2020 | 54,387 | 54,387 | ||
| Charge for period | ||||
| Disposals | ||||
| At 31 August 2021 | 54,387 | 54,387 | ||
| Net book values | ||||
| At 31 August 2021 | ||||
| At 31 August 2020 |