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2021-12-31-accounts

CharityNumber 1115710
RegisteredOffice First Floor, WoburnHouse
1DukeStreet,
Luton
Bedfordshire
LU2OHH
ManagementBoard PastorS.o.oluwasola Trustee
Pastor E.AAdeosun Trustee
Elder A.S.P.Adeusi Trustee
DcnO.S.Opoola
Dcn A.E.Jonathan
Trustee
Trustee
DcnA.M.Adekanle Trustee
MrA.H.Oluwasola .Trustee
Bankers HSBCBankplc
63GeorgeStreet
Luton
Beds
LUI2AP

2021
f
2420f
CurrentAssets
CashatBankandinHand 2,778.44 2t9.7_5
CashathandProject(Secured)
Creditors
UnsecuredLoan 39.188.00 36,188.00
TotalIncome 279,825.t4 205,641.70
TotalExpenditure 277.046.70 205,427.95
TotalBalance 36,409.56 3s.968.2s

Fortheyearended 31December 2A2l
l.IncomingResources 2021 2020
2021
Donationsand Grants RestrictedUnrestricted
ff
Total
g
Totalf
DO Covenant(Tithe) Luton 27,790.50 27,780.50 18,810.80
DO Covenant(Tithe)MiltonKeynes 8,350.40 8,350.40 6,615.50
DO Covenant(Tithe) Northampton 16,450.00 16,450.00 9,255.50
DO Covenant(Tithe)Sandwell 10,230.60 10,230.60 4,380.80
OfferingandThanksgiving Luton 9,518.30 9,5i8.30 5,138.30
OfferingandThanksgivingMiltonKeynes 5,295.60 5,295.60 1,958.60
OfferingandThanksgiving Norlhampton 6,390.35 6,380.85 3,680.85
OfferingandThanksgivingSandwell 6,324.30 6,324.30 2,469.30
BuildingFund 21,150.00 21,750.00 17,540.00
Giftfromother Charities 3,140.00 3,140.00 1,460.00
PersonalGifts/Donations 9,623.08 9,623.08 5,010.00
Church Anniversaries 9,618.25 9,618.25 6,280.55
GiftAidRepayment 30,454.16 30,454.16 25,876.44
MissionSupport 32,500.00 32,500.00 7,500.00
Revival/Vows t0.163.37 10,163.37 8,633.71
Help Froni Above toi,zzo.so 10,320.50 10,460.50
MercyOnceMore 4,321.00 4,321.00 3,210.00
PowerofGodNeverFails I,235.50 1,235,5A 5,450.96
Loan(Unsecured) 10,200.00 10,200.00 1,200.04
JRS 40,166.23 40,166.23 25,728.89
BounceBack Loan 28,989.00 28,988.00
Total IncomingResources 32.500.00247,325.14 279,925.14 205,647.70

2.Expenditure
BasisofLutonMiltonKeynesNorthamptonSandwell20212020
AllocationBranchBranch
Branch Branch Total
Total
Costsdirectlyallocate
to activities:
f,gffgg
VisitingClergy
Direct2,920.00 1,250.003,460.001,950.009,580.005,085.00
CharitableDonationDirect2,110.00620.00 430.001,150.004,310.001,360.00
Rent
Direct16,000.002,840.004,640.004,250.0027,730.0018,730.00
Stationeries
Direct2,342.00810.002,470.002,320.007,942.004,640.00
Parsonage
Direct10,400.005,750.006,360.005,950.0028,460.0017,960.00
Anniversaries Direct 3,395.00
2,160.001,940.007,495.005,500.00
ZonalContributionDirect3,380.501,420.001,930.001,760.00 8,490.504,520.00
LoanRepaymentDirect10,200.00
10,200.007,500.00
MissionaryActivityDirect16,450.007,315.0014,935.0011,175.0049,875.0044,975.00
Supportcostsdirectly
allocateto activities:
TranspofiationsAllowances3,240.001,140.002,046.00
Wages
StaffTime55,000.00
28,000.00
4,910.00 11,336.009,820.00
16,500.00 99,500.0075,000.00
EmployersN.I.
1,371.75
1,371.75
Printing&-PostageServices625.00940.00 705.00
840.003,110.001,145.10
Electricity
Services1,080.50
1,080.50840.50
B.T.&Virgin
Services 720.10
720.10640.30
MobilePhones Services810.65510.00 730.00
640.002,690.652,260.65
BankChargesTransactions214.80
170.00
384.80266.80
Insurance
Services 920.30
92A30610.15
GeneralExpensesServices710.00295.40 658.70
186.001.850.101.310.20
131,890.6022.990.4069"694.7053,571.00277,046.70205.427.95

3.StaffCost andNumbers
Staffcostswereasfollows:
2021 2020
g g
SalariesandWages 99,500.00 75,000.00
Nationalfnsurancel
EmployersN.I. 1,371.75
Totalemolumentspaidtostaffwere: 100.871.75 75.000.00
Theaverageweeklynumberof employees'fulltimeequivalentd uringthe y
2021 2020
No No
FullTime 11 6.0
PartTime 3.0 1.0
Volunteers 4.0 5.0

Creditors
g
UnsecuredLoan frommembers 10,200.00
Bounce BackLoan 28,988.00
Total 39,188.00

6.Tangible FixedAssets
Furniture 2020
Building
ffff.
Equipments&Fittings Van Total
f,
COST
AtIJanuary2021
Additions in Year
Disposalsin Year
-
-
-
10,317.99
1,020,00
12s.00
289.16

40.00
---
---
10,609.15
1,020.00
105.00
At31December2021 tt.2t2.99249.t6 tt.462.1s
DEPRECIATION
At1January 2020
Withinthe year rzo.oo 120.00
Destroyswithintheyear
Disposalsintheyear 55.00 5.5.00
At31December2021 r75.00 17s.00
NETBOOKVALUE
At31December 2020 r0.317.99 289.t6 10,609.15
At3iDecember2021 - 11,037.99 249.16 tt"287.15
7.Analysisof NetAssetsbetween Funds:
202rf 2020
f.
Tangible FixedAssets 11,287.15 10,609.15
CumentAssets(Cash at hand) 2,778.44 2t9.75
UnsecuredLoan (39,188.00) (36,188.00)
NetAssetsasat31 December 2020 25.122.41 25.359.10