| Page | ||||||
|---|---|---|---|---|---|---|
| Company | Information | |||||
| Directors' | Report | |||||
| Accountants' Report |
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| Income and Expenditure | Account | |||||
| Balance | Sheet | |||||
| Notes to | the Financial | Statements | 7— 9 |
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| The following pages |
do | not form | part ofthe statutory | accounts: | ||
| Detailed | Income and | Expenditure | Account | 10— ll |
| Nu-Life Christian | Trust | ||
|---|---|---|---|
| Coinpany information |
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| ForThe Year Ended 31 | March 2021 | ||
| Directors | Edak Efefiong EAiom | ||
| Kayode Olayinka Adesiyan |
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| Ijeoma Nmema Udechukwu |
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| Secretary | Ijeoma Nmema Udechukwu |
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| Company | Number | 05348864 | |
| Registered | Office | Suite 25, First Floor. Unimix House Abbey Road | |
| Park Royal | |||
| London | |||
| London | |||
| NW10 7TR | |||
| Accountants | Elliot Akins &Co | ||
| Chartered Certified Accountants |
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| 1stFloor, Cavendish House, 369Burnt Oak Broadway |
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| Edgware | |||
| HA8 5AW |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| TURNOVER | 204,321 | 295,959 | |||
| Cost ofsales | (55,752) | (84,745) | |||
| GROSS SURPLUS | 148,569 | 211,214 | |||
| Administrative | expenses | (204,095) | (220,306) | ||
| Other operating | income | 5,876 | |||
| OPERATING | DEFICIT | (49,650) | (9,092) | ||
| Other interest receivable | and similar income | I | |||
| Interest payable | and similar charges | (523) | |||
| DEFICIT FORTHE FINANCIAL YEAR | (49,650) | (9,614) |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible Assets | 1,803 | ||||
| 1,803 | |||||
| CURRENT ASSETS | |||||
| Debtors | 2,000 | ||||
| Cash at bank and in hand | 42,455 | 43,895 | |||
| 44,455 | 43,895 | ||||
| Creditors: Amounts Falling Due Within One Year |
(3,013) | (1,000) | |||
| NET CURRENT ASSETS(LIABILITIES) | 41,442 | ||||
| TOTAL ASSETS LESSCURRENT LIABILITIES |
43,245 | ||||
| Creditors: Atnounts Falling Due After More Than One Year |
(50,000) | ||||
| NET (LIABILITIES)/ASSETS | (6,755) | ||||
| Income and Expenditure | Account | (6,755) | |||
| MEMBERS' FUNDS | (6,755) |
| 3. | Tangible Assets | ||||||
|---|---|---|---|---|---|---|---|
| Fixtures | dr | Computer | Total | ||||
| Fittings | Equipment | ||||||
| Cost | |||||||
| As | at 1 April 2020 |
26,484 | 26,484 | ||||
| Additions | 2,404 | 2,404 | |||||
| As | at 31 March 2021 | 26,484 | 2,404 | 28,888 | |||
| Depreciation | |||||||
| As | at I April 2020 | 26,484 | 26,484 | ||||
| Provided during the period |
601 | 601 | |||||
| As | at 31 March 2021 | 26,484 | 601 | 27,085 | |||
| Net Book Value | |||||||
| As | at 31 March 2021 | 1,803 | 1,803 | ||||
| As | at 1 April 2020 |
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| 4. | Debtors | ||||||
| 2021 | 2020 | ||||||
| Due after more than | one year | ||||||
| Prepaid rent |
2,000 | ||||||
| 2,000 | |||||||
| 5. | Creditors: Amounts | Falling Due Within One Year | |||||
| 2021 | 2020 | ||||||
| f | |||||||
| Other taxes and social | security | 1,076 | |||||
| Net | wages | 1,437 | |||||
| Accruals and deferred | income | 500 | 1,000 | ||||
| 3,013 | 1,000 | ||||||
| 6. | Creditors: Amounts | Falling Due After More Than One Year | |||||
| 2021 | 2020 | ||||||
| f | |||||||
| Bounce back loan | 50,000 | ||||||
| 50,000 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| TURNOVER | ||||||
| Tithes fk Offering | 163,719 | 225,493 | ||||
| Gift Aid | 40,602 | 70,466 | ||||
| 204,321 | 295,959 | |||||
| COSTOFSALES | ||||||
| Ministerial Welfare |
39,431 | 54,966 | ||||
| Conference expenditure | 16,321 | 29,779 | ||||
| (55,752) | (84,745) | |||||
| CROSS SURPLUS | 148,569 | 211,214 | ||||
| Administrative Expenses |
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| Wages and salaries | 20,000 | |||||
| Employers NI |
1,548 | |||||
| Protective clothing | 721 | |||||
| Travel and subsistence | 3,822 | 4,500 | ||||
| Rent | 66,654 | 67,607 | ||||
| Rates | 6,126 | 6,072 | ||||
| Light and heat | 308 | 978 | ||||
| Repairs and maintenance | 6,081 | 2,272 | ||||
| Hire and leasing ofmotor | vehicles | 6,008 | 6,281 | |||
| Vehicles - General costs | 13,675 | 16,610 | ||||
| Computer software, consumables |
and maintenance | 79 | 914 | |||
| Insurance | 5,106 | 5,147 | ||||
| Printing, postage and stationery |
5,437 | 7,039 | ||||
| Publications | 3,459 | |||||
| Training seminars and workshops |
419 | |||||
| Telephone and internet |
4,932 | 6,633 | ||||
| Accountancy | 1,500 | 1,500 | ||||
| Bank charges | 120 | 567 | ||||
| Depreciation offixtures and fittings | 4,984 | |||||
| Depreciation ofcomputer | equipment | 601 | ||||
| Sundry expenses | 1,771 | 24,295 | ||||
| ivlembership Support & Welfare |
30,056 | 29,217 | ||||
| ...CONTINUED |