This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-10-31-accounts


CONTENTS			Page
Report ofthe Trustees			1-7
Report of the Independent		Examiner
Statement of Financial	Activities
Income and Expenditure		Account	10
Balance Sheet
Notes to the Financial Statements			12-18

Status				A Charitable	A Charitable	Company
Registered		Company	number	0554 7814
Incorporation		date		26 August 2005
Registered		Charity number		1111647
Principal				M R Daniel
Trustees				S Badger
				R H Cary
				A S Daniel
				M R Daniel
				R A Sherlock
				P Sullivan
Company	Secretary			RHWCary
Ministry office				Dunwood Oaks
				Danes Road
				Awbridge
				Romsey
				SO51 OGF
Registered		office		As above
Bankers				Caf Bank Ltd
				25 Kings Hill		Avenue
				Kings Hill
				West Mailing
				ME194TA
Independent		Examiner		D M Tripp F.A.I.A.
				Tree Tops
				Richmond Close
				Chandlers	Ford
				Hampshire
Accountants				David Tripp	8 Co.
				Tree Tops
				Richmond Close
				Chandlers	Ford
				Hampshire

		Note			2021	2020
			Unrestricted	Restricted	Total funds	Total funds
			funds	funds
					E	E
INCOMING RESOURCES
Incoming resources from generated	funds
Voluntary income		2	226,510	15,066	241,576	256,981
Investment income		3	13,090		13,090	15,383
Test Valley lockdown grant		3a				25,000
Total incoming resources			239,600	15,066	254,666	297,364
RESOURCES EXPENDED
Charitable activities
Cost of Activities		4	164,642	30,905	195,547	184,501
Support Costs		5	37,729		37,729	36,055
Governance costs		6	6,670		6,670	5,163
Total resources expended			209,041	30,905	239,946	225,719
NET INCOMINGI (OUTGOING) RESOURCES			30,559	(15,839)	14,720	71,645
RECONCILIATION OF FUNDS
Total funds brought forward			1,554,942	242,426	1,797,368	1,725,723
TOTAL FUNDS CARRIED FORWARD			1,585,501	226,587	1,812,088	1,797,368

		Note	2021	2020
Turnover		253	241,576	256,981
Direct costs ofturnover		48 5	(233,276)	(220,556)
Gross surplus/(deficit)			8,300	36,425
Governance costs			(6,670)	(5,163)
Operating surplus/(deficit)			1,630	31,262
Other income:
Rent received			12,900	15,376
interest received			190	7
Lockdown grant received				25,000
Other expenditure:
Retained surplus/(deficit)	for the financial year		14,720	71,645

	Note			2021	2020
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds
		E		E	E
FIXEDASSETS
Tangible Assets	10	1,650,266	-	1,650,266	1,659,371
CURRENT ASSETS
Stocks		9,000		9,000	11,874
Debtors		2,774		2,774	2,798
Cash at bank 8 in hand		173,901	23,489	197,390	172,043
		185,675	23,489	209,164	186,715
CREDITORS
Amounts falling due within one year	12	47,342		47,342	48,718
Net Current Assets/(Liabilities)		138,333	23,489	161,822	137,997
TOTAL ASSETSLESSCURRENT LIABILITIES		1,788,599	23,489	1,812,088	1,797,368
NET ASSETS				1,812,088	1,797,368
CAPITAL AND RESERVES	14
Unrestricted income funds				1,585,501	1,554,942
Restricted income funds				226,587	242,426
				1,812,088	1,797,368

2.VOLUNTARY	INCOME	INCOME	2021	2020
			F
Donations			171,953	188,316
Orphans Fund			1,405	480
Gift Aid Tax Refunds			26,543	32,145
Conference Fees			300	2,490
Building Fund			13,661	15,351
Sozo Book Sales			27,714	18,199
			241,576	256,981
3. INVESTMENT	INCOME
Rent received			12,900	15,376
Interest received			190	7
			13,090	15,383
3a.OTHER INCOME:
Test Valley lockdown		grant		25,000
				25,000

Year Ended 31 Oct	o	ber	2021
				2021	2020
				E	E
4.COST OF ACTIVITIES
Wages 8 Staff Costs				101,030	107,088
Social Security				7,110	4,912
Conference Expenses					1,636
Sozo Book Purchases				11,468	9,553
Tithes				10,698	14,167
Licenses					420
Rates 8 Water				5,691	4,561
Light &Heat				7,020	9,567
Insurance				2,510	3,095
Repairs & Maintenance				3,129	2,258
Telephone				2,764	2,334
Motor Expenses				1,547	1,256
Postage, Stationery	&Website			5,913	7,123
Refreshments				703	3,080
Faith School &Youth		Ministry		235	177
Literature				178	167
Copyright				496	480
Travel 8 Accommodation				285	131
Depreciation of Musical			Instruments	1,776	2,090
Depreciation of Ministry			Equipment	2,089	2,379
				164,642	176,474
Restricted: Orphans		Expenses		2,680	2,070
Restricted: Repairs	& Maintenance			28,225	5,957
				195,547	184,501
5.SUPPORT COSTS
Staff Costs				21,555	19,096
Social Security				1,193	1,486
Rates 8 Water				633	507
Light &Heat				781	1,064
Insurance				279	344
Telephone				1,843	1,557
Bank Charges				470	397
Credit Card Commission				38	498
Repairs & Maintenance				3,484	913
Sundry &Cleaning				407	2,403
Subscriptions				485	227
Depreciation of Furniture			& Fittings	6,386	7,357
Depreciation of Motor		Vehicles		175	206
				37,729	36,055

Year Ended	31 October 2021
			2021	2020
			E
6.GOVERNANCE COSTS
Accountancy			2,150	2,150
Legal 8 Professional Fees			1,520	13
Book-keeping	8 Administration		3,000	3,000
			6,670	5,163
7. NET INCOMING/(OUTGOING)		RESOURCES
Net resources	are stated after charging/(crediting):
Depreciation	-owned assets		10,426	12,032
Accountancy	Costs - Independent	Examination	2,150	2,150
			12,576	14,182
8.TRUSTEES' REMUNERATION		AND BENEFITS
The emoluments ofthe Trustees		were:
Remuneration	ofTrustees		13,296	12,919
Remuneration	for services other	than Trustees	68,649	66,551

Wages and	Salaries				115,834	116,086
Social Security Costs					8,303	6,398
Staff Healthcare					5,020	5,735
Pension Contributions					1,731	4,363
					130,888	132,582
No employee	received emoluments	of	over F60,000 during	the year.
The average	number ofstaff employed		by the trust during	the financial year amounted	to:
					2021	2020
Full-time					4	4
Part-time					1	2

				Land and	Plant and	Totals
				buildings	equipment
				E	E	E
Cost at 1 November 2020				1,591,209	277,603	1,868,812
Additions in year					1,321	1,321
Disposals
Total at 31 October 2021				1,591,209	278,924	1,870,133
Depreciation at 1 November		2020			209,441	209,441
Depreciation on	disposals
Depreciation for	year				10,426	10,426
Total at 31 October 2021					219,867	219,867
Net Book Value	at 31 October 2021			1,591,209	59,057	1,650,266
Net Book Value	at 1 November 2020			1,591,209	68,162	1,659,371
The breakdown	of Land and	Buildings	is as follows:
				Freehold	Leasehold	Totals
				Property	Property
Cost:
At 1 November 2020				1,591,209		1,591,209
Additions in year
Disposals in year
At 31 October 2021				1,591,209		1,591,209

				2021	2020
				F
11.DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
Other Debtors				1,634	1,634
Prepayments				1,140	1,164
				2,774	2,798
12.CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
Taxation and Social Security				2,731	2,197
Other Creditors	&Loans			40,665	40,746
Accruals				3,946	5,773
				47,342	48,716

14.MO	VE	MENT IN FUNDS
			At 1.11.20	Net	Transfers	At 31.10,21
				movement in	between
				funds	funds
			E	E
Unrestricted		income funds:
General	fund		1,242,377	15,791		1,258,168
Designated		funds:
Tithe			118,090	14,768		132,858
Building	fund		194,475			194,475
			1,554,942	30,559		1,585,501
Restricted		income funds:
Building	fund		237,132	(14,564)		222,568
Orphans	fund		5,294	(1,275)		4,019
			242,426	(15,839)		226,587
TOTAL	FUNDS		1,797,368	14,720		1,812,088

net movement	net movement	in funds,	included	in the above are as follows:
					Incoming	Resources	Movement in
					resources	expended	funds
Unrestricted income funds:
General	fund				214,134	(198,343)	15,791
Designated funds - Tithe					25,466	(10,698)	14,768
					239,600	(209,041)	30,559
Restricted income funds
Building	fund				13,661	(28,225)	(14,564)
Orphans	fund				1,405	(2,680)	(1,275)
					15,066	(30,905)	(15,839)
TOTAL	FUNDS				254,666	(239,946)	14,720

Analysis of	Net Assets between Restricted and	Unrestricted Income Funds:
				Total
		Tangible	Other Net
		Fixed Assets	Assets
Restricted	income funds		226,587	226,587
Unrestricted	income funds	1,650,266	(64,765)	1,585,501
		1,650,266	161,822	1,812,088