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|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|
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|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|
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|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|
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|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|
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|. 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||