| Charity | Number | Number | 1115710 | |
|---|---|---|---|---|
| Registered | Office | 191-193Park Street, | ||
| Luton | ||||
| Bedfordshire | ||||
| LU1 3HQ | ||||
| Management | Board | Pastor S.O. Oluwasola | Trustee | |
| Pastor E.A Adeosun | Trustee | |||
| Elder A.S.P.Adeusi | Trustee | |||
| Mr. Albert Osibodu | Trustee | |||
| Mr A.H. Oluwasola | Trustee |
| Balance sheet as at 31December 2020 | ||
|---|---|---|
| 2020 | 2019 | |
| Current Assets | ||
| Cash at Bank and in Hand | 219.75 | 44.30 |
| Cash at hand Project (Secured) | ||
| Creditors | ||
| Unsecured Loan |
36,188.00 | 7,500.00 |
| Total Income | 205,647.70 | 115,952.60 |
| Total Expenditure | 205.427.95 | 115,908.30 |
| Total Balance | 35968.25 | 7 455.70 |
| For the year ended 31Dec | ember 2020 | |||||
|---|---|---|---|---|---|---|
| 1.Incoming Resources | 2020 | 2019 | ||||
| Resn icted | Unrestricted | Total | Total | |||
| Donations and Grants |
f. | |||||
| D0Covenant (Tithe) Luton | 18810.80 | 18,810.80 | 12,980.80 | |||
| D0Covenant (Tithe) Milton Keynes D0Covenant (Tithe) Northampton D0Covenant (Tithe) Sandwell |
6,615.50 9,255.50 4,380.80 |
6,615.50 9,255.50 4,380.80 |
2,385.50 4,650.50 |
|||
| Offering and Thanksgiving | Luton | 5,138.30 | 5,138.30 | 2,380.60 | ||
| Offering and Thanksgiving | Milton Keynes | 1,958.60 | 1,958.60 | 586.80 | ||
| Offering and Thanksgiving | Northampton | 3,680.85 | 3,680.85 | 2,680.85 | ||
| Offering and Thanksgiving | Sandwell | 2,468.30 | 2,468.30 | 2,380.60 | ||
| Building Fund | 17,540.00 | 17,540.00 | 2,485.00 | |||
| Gift from other Charities | 1,460.00 | 1,460.00 | 1,380.00 | |||
| Personal Gills/ Donations | 5,010.00 | 5,010.00 | 4,110.00 | |||
| Church Anniversaries | 6,280.55 | 6,280.55 | 4,840.55 | |||
| Gift Aid Repayment | 25,876.44 | 25,876.44 | 16,430.79 | |||
| Mission Support | 7,500.00 | 7,500,00 | 25,600.00 | |||
| Revival/Vows | 8,633.7! | 8,633.71 | 5,762.60 | |||
| Help From Above | 10,460.50 | 10,460.50 | 9,620.65 | |||
| Mercy Once More | 3,210.00 | 3,210.00 | 1,940.00 | |||
| Power ofGod Never Fails | 5,450.96 | 5,450.96 | 7,562.96 | |||
| Loan (Unsecured) | 7,200.00 | 7,200.00 | 7,500.00 | |||
| JRS | 25,728.89 | 25,728.89 | ||||
| Bounce Back Loan | 28,988.00 | 28,988.00 | ||||
| Total Incoming Resources | 7500.00 | 198147.70 | 205 647.70 | 90352.60 |
| 2.Expenditure | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Basis of | Luton | Milton Keynes | Northampton | Sandwell | 2020 | 2019 | |||||
| Allocation | Branch | Branch | Branch | Total | Total | Total | |||||
| Costs directly allocate | |||||||||||
| to activities: | |||||||||||
| g | |||||||||||
| Visiting Clergy | Direct | 2,]20.00 | 325,00 | 1.680.00 | 960.00 | 5,085.00 | 4,125.00 | ||||
| Charitable Donation |
Direct | 460.00 | 210.00 | 240.00 | 450.00 | 1,360.00 | 910.00 | ||||
| Rent | Direct | 10,000.00 | 840.00 | 5,640.00 | 2,250.00 | 18,730.00 | 15,060,00 | ||||
| Stationeries | Direct | 1,260.00 | 430.00 | 1,740.00 | 1,210.00 | 4,640.00 | 2,410.00 | ||||
| Parsonage | Direct | 6,400.00 | 2,750.00 | 4,360.00 | 4,450.00 | 17,960.00 | 11,150.00 | ||||
| Anniversaries | Direct | 2,470.00 | 1,650.00 | 1,380.00 | 5.500.00 | 4,120.00 | |||||
| Zonal Contribution | Direct | 1,380.50 | 420.00 | 1,310.00 | 1,410.00 | 4,520.00 | 2,930.50 | ||||
| Loan Repayment | Direct | 7,500.00 | 7,500.00 | 8,900.00 | |||||||
| Missionary Activity |
Direct | 15,160.00 | 4,640.00 | 14,425.00 | 10,750.00 | 44,975.00 | 3],215.00 | ||||
| Support costs directly | |||||||||||
| allocate to activities: | |||||||||||
| Trsnsportations | Allowances | 2,430.00 | 850.00 | 1,630.00 | 4,910.00 | 9,820.00 | 2.140.00 | ||||
| Wages | StaffTime | 37.500.00 | 25,000.00 | 12,500.00 | 75,000.00 | 24,500.90 | |||||
| Employers N.I. | |||||||||||
| Printing &Postage | Services | 320.00 | 420.00 | 305.00 | 620.00 | 1,665.00 | 1,145.10 | ||||
| Electricity B.T.k Virgin |
Services Services |
840.50 640.30 |
840.50 640.30 |
790.50 390,00 |
|||||||
| Mobile Phones | Services | 790.65 | 360.00 | 630.00 | 480,00 | 2,260.65 | 890.45 | ||||
| Bank Charges | Transactions | 146.80 | 120.00 | 266.80 | 125.80 | ||||||
| Insurance | Services | 610.15 | 460.95 | 310.00 | |||||||
| General Expenses |
Services | 710.00 | 295.40 | 658 70 | 130.00 | 1 | 794.10 | 1 310.20 | |||
| 90738,75 | 11540.40 | 59388.70 | 43 | 760.10 205 | 427,95 115908.30 |
| 2020 | 2019 | ||
|---|---|---|---|
| Salaries and Wages | 75,000.00 | 24,500.00 | |
| National Insurance |
1 | ||
| Employers N.l. |
|||
| Total emoluments | paid to staff were: | 75000.00 | 24 500,00 |
| 2020 | 2019 | |
|---|---|---|
| No | No | |
| Full Time | 6.0 | 3.0 |
| Part Time | 1.0 | 1.0 |
| Volunteers | 5.0 | 3.0 |
| . Tangible Fixed Asset | s | |||||||
|---|---|---|---|---|---|---|---|---|
| Furniture | 2020 | |||||||
| Building | Equipments | &Fittings | Van | Total | ||||
| K | ||||||||
| COST | ||||||||
| At 1 January 2020 Additions in Year |
9,427.99 1,150,00 |
321.16 | 9,749.15 1,150.00 |
|||||
| Disposals in Year |
75.00 | 30.00 | 105.00 | |||||
| At 31December 2020 |
- | 10502.99 | 289.16 | 10794,15 | ||||
| DEPRECIATION | ||||||||
| At 1 January 2020 Within the year |
150.00 | 150.00 | ||||||
| Dean oys within the year Disposais in the year |
35.00 | 35.00 | ||||||
| At 31December 2020 | 185.00 | 185.00 | ||||||
| NET BOOK VALUE | ||||||||
| At 31December 2019 | - | 9,427.99 | 321.16 | 9,749.15 | ||||
| At 31December 2020 |
- | 10317.99 | 289.16 | 10609.15 | ||||
| All tangible fixed assets |
are | used for | direct charitable | purposes. | ||||
| 7.Analysis ofNet Assets | between Funds: | |||||||
| 2020 | 2019 | |||||||
| Tangible Fixed Assets | 10,609,15 | 9,749.15 | ||||||
| Current Assets (Cash at | hand) | 219.75 | 44.30 | |||||
| llnsecured Loan |
(36,188,00) | (7,500.00) | ||||||
| NetAssetsasat31Dec | em | be | r 2020 | 25359.10 | 2 | 293.45 |