## ## |||Page| |---|---|---| |Company
information||| |Trusteess'
report||2-5| |Statement
of trustees'|responsibilities|| |Independent
auditor's|report|| |Statement
offinancial|activities|| |Balance sheet||10-11| |Notes to the financial|statements|12-19| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |for the year ended 31Dec|emb|er 2020|||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Prior Period| |||||Funds|Funds|Funds|Total Funds| ||||Notes|2020|2020|2020|2019| |||||E||E|E| |Offerings
&donnations||||486,827||486,827|579,027| |Grant received||||31,522||31,522|| |Other income||||146,108||146,108|125,502| |Operating
activities
in furtherance||of|||||| |charity's objectives||||100,533||100,533|19,643| |Total incoming
resources||||784,990||764,990|724,172| |Nst Incoming Resources available for|||||||| |charitable
applications||||764,990||764,990|724,172| |Costs ofactivities
undertaken|directly|||292,726||292,726|307,727| |Support costs||||160,916||160,916|183,727| |Finance costs||||47,682||47,682|58,476| |Governance
costs||||11,977||11,977|9,733| |Total resources expended||||513,301||513,301|559,663| |Nst incoming resources before||transfers|3|251,689|||164,509| |Gross transfers
between funds|||||||| |Net incoming Resources before|||||||| |revaluations
and investment|asset|||251,689|||164,509| |Net movement
in funds||||251,689|||164,509| |Total Funds brought forward||||2,543,148|||2,378,639| |Total Funds carried
forward||||2,794,837|||2,543,148| ## |as at 31 De|cember|2020|||||| |---|---|---|---|---|---|---|---| ||||Notes||2020||2019| ||||||||6| |Fixed assets|||||||| |Tangible assets|||||3,851,643||3,863,515| |Current assets|||||||| |Debtors||||||2,673|| |Investments|held as current||||||| |assets|||8|105,231||105,231|| |Cash at bank|and
in hand|||153,005||2,709|| |||||258,236||110,613|| |Creditors: amounts||falling due|||||| |within one year|||10|(157,477)||(288,254)|| |Net current|assetsi{liabitities)||||100,759||(177,641)| |Total assets|less current||||||| |liabilities|||||3,952,402||3,685,874| |Creditors; amounts||falling due|||||| |after more than one||year|||(1,157,565)||(1,142,726)| |Net assets|||||2,794,837||2,543,148| |Capital and|reserves||||||| |Unrestricted|revenue|reserves|||2,794,837||2,543,148| |Resources freely available|||||2,794,837||2,543,148| |Accumulated|Funds||||2,794,837||2,543,148| ## |Statement ofTotal Recognised|Statement ofTotal Recognised|Gains and Losses||| |---|---|---|---|---| |for the year ended 31December2019||||| ||||2020|2019| |Excess of Income|over expenditure|before realisation||| |ofassets|||251,689|164,509| |Net Movement|in funds before taxation||251,689|164,509| |Accumutated|Accumutated|fund||||Unrestricted|Restricted|Total|Totat| |---|---|---|---|---|---|---|---|---|---| |||||||Funds|Funds|Funds|Funds| |||||||2020|2020|2020|2019| |||||||8|F|8|8| |Accumulated|Revenue||Funds||b/fwd|2,543,148||2,543,148|2,378,639| |Fteccgnised|gains|and|losses|||251,689||251,589|164,509| |Closing Accumulated||||fund||2,794,837||2,794,837|2,543,148| ## ## ## ## ## ## ## ## ## ## ## |Tangible fixed assets are stated|at cost|less accumulative
depreciation,|||| |---|---|---|---|---|---| |Depreciation
is provided
on all|tangible|fixed assets, other than freehold|land, at rates calculated||to| |write off the cost, less estimated|residual|value, ofeach asset evenly over|its expected|useful life, as|| |Vehicles||-20%per annum|af cost/net|book value|| |Plant and machinery
—office, music equipment
.20% per annum|||of costlnel|book value|| |Plant and inachinery
- fixtures,|fittings|.20% per annum|ofcost/net|book value|| ## ## ## ## |3|Net incoming|resources|2020|| |---|---|---|---|---| ||||6|| ||This is stated|after charging;||| ||Depreciation|ofowned fixed assets|598|31,619| ||Auditors'remuneration||3,202|3,202| ## |fo|r the year ended 31 December|r the year ended 31 December|r the year ended 31 December|2020||||||| |---|---|---|---|---|---|---|---|---|---|---| ||Average number
ofemployees|||during|the year|||Number|Number|| ||Management
&Administration||||||||9|| ||Engaged
on charilable|activities|||||||3|| ||||||||||12|| ||There were no employees||with emoluments|||in excess|of|650,000 per annum.||| |6|Changes
in resources|applied||for fixed||assets||2020|2019|| |||||||||6|6|| ||Net movement
in funds|from Statement|||of|Finnacial||||| ||Activities|||||||251,689|164,509|| ||Resources applied on|Fixed Assets for|||charitable use|||(15,789)|(80,738)|| ||Add Grants Received to fund fixed assets|||||||||| ||Net movement
in funds|available||for future||activities||235,900|83,771|| |7|Tangible fixed assets|||||||||| |||||||Land and||fittings, and|Motor|| |||||||buildings||equipment|vehicles|Total| |||||||Al cost||||| ||||||||6|||| ||Cost or vaiuation|||||||||| ||At 1 January 2020|||||4445 092||478,889|95054|5,019,035| ||Additions|||||||15,789||15,789| ||At 31 December 2020|||||4,445,092||494,678|95,054|5,034,824| ||Depreciation|||||||||| ||At 1 January 2020|||||676,434||386,425|92,661|1,155,520| ||Charge for the year|||||||27,063|598|27,66'I| ||At 31 December 2020|||||676,434||413,488|93,259|1,183,181| ||Carrying
amount|||||||||| ||At 31 December 2020|||||3,768,658||81,190|1,795|3,851,643| ||At 31 December 2019|||||3,768,658||92,464|3,861,122|3,863,515| |Investments
held as current assets||| |---|---|---| ||Other|| ||investments|Total| ||8|6| |Goat||| |At 1 January 2020|105,231|105,231| |At 31 December 2020|105,231|105,231| |9|Debtors|||2020|2019| |---|---|---|---|---|---| ||||||9| ||Trade debtors||||2,673| |10|Creditors: amounts|falling due within one year||2020
8|2019f| ||Bankloans|||138,076|187,434| ||Other taxes and social||security costs|7,516|15,302| ||Pension|||45|| ||Other creditors|||8,640|82,318| ||Accruals and deferred||income|3,200|3,200| |||||157,477|288,254| |11|Creditors: amounts|falling due after one year||2020|2019| |||||6|| ||Bank loans|||1,157,565|1,142,726| ## ## ## ## ## |Incoming
resources||||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Prior Period| ||||Funds|Funds|Funds|Total Funds| ||||2020
6|2020
6|2020
6|2019
f| |Government
and public bodies||||||| |Offerings and Donations||||||| |incoming
resources of revenue|nature|||||| |Grant received|||31,522|||| ||||31 522|||| |Non governmental
and none public bodies||||||| |Incoming
resources ofrevenue|nature|||||| |Tithes &Weekly offerings|||466,006|||536,221| |Covenant
Aid - income tax recoverable|||20,821|||42,806| |Income of revenue
nature|||486,827|||579,027| |Non governmental
and none public bodies||||||| |Incoming resources of revenue|nature|||||| |Annual
Thanksgiving|||146,108|||125,502| ||||146,108|||125,502| |Total Grants, Legacies 8 Donnations||Received|664,457|||704,529| |Operating
activities
in furtherance|of|the charity's||||| |objectives||||||| |Other income|||100,533|||19,643| |Gains||||||| |Capilal gains
—disposal||||||| |Total incoming
resources|||764,990|||724, 172| ## |
Charitable
expenditure||||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Prior Period| ||||2020|2020||2019| |Cost ofactlvltles
underfaken|directly||8|||| |Media
&TV ministries
Wages and salaries
Employers
NIC
Motor expenses
Missions Abroad
Guest speakers
&preachers
Donations
& charity
Services and church expenses
Subscriptions
8 publications
Welfarelfunerals
/marriages|||17,950
75,609
3,071
19,548
40,905
11,000
41,627
52,060
6,206
24,750
292,726||17,950
75,609
3,071
19,548
40,905
11,000
41,627
52,060
6,206
24,750
292,726|8,820
63,350
5,212
23,510
25,540
38,382
23,400
70,799
3,667
45,047
307,727| |Support costs||||||| |Human costs||||||| |Wages and salaries
Employer's
Nl
Training
Entertaining|||37,001
895
2,755||37,001
895
2,755|35,287
1,818| ||||40,651||40,651|10,553
47,658| |Premises costs||||||| |Rent and rates
Light and Heat
Cleaning
and laundry|||22,329
23,486
1,001
46,816||22,329
23,486
1,001
46,816|61,875
21,936
2,685
86,496| |General support||||||| |Telephone
Printing, postage and stationery
Equipment
hire|||3,603
12,813||3,603
12,813|6,086
4;795| |Repairs and maintenance
Depreciation
ofassets used for|charitable|purposes|29,372
27,661||29,372
27,661|1,200
5,873
31,619| ||||73,449||73,449|49,573| |Finance costs||||||| |Interest payable
Bank charges|||41,474
6,208
47,682|||49,358
9,118
58,476| |for the year ended 31 December 20|20|||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Prior Period| ||2020|2020|2020|2019| |||6|5|| |Governance||||| |Audit fees|3,202|||3,202| |Insurance|8,775|||6,531| ||11,977|||9,733| |Total expenditure|513,301||453,642|559,663|