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2020-12-31-accounts

THE RECONCILIATION MINISTRIES Report and Accounts Year ended 31 December 2020

3 Worcester Avenue, Old Swan, LIVERPOOL L13 9AZ t: 01513647913 e: aamatthew@aol.com

Contents Page
Company Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Accounts 11-16
The following page does not form part of the Statutory Accounts
Detailed Statement of Financial Activities with Comparatives 17

The Reconciliation Ministries Trustees' Annual Report for the Year Ended 31 December 2020

Company Information

Charity Name: The Reconciliation Ministries Directors/Trustees: Mr Mathias Ogbeta Reverend Olalekan Adegunwa Mr Afolabi Erinle Mr Oyekunle Oyedokun Secretary: Mrs Yetunde Onilogbo Governing Document: Memorandum and Articles of Association dated 11th October, 2005. Company Registration Number: 05589164 Charity Commission No: 1121229 Registered Office and Operational Address: 53 Eastbourne Close, Ingol, Preston, PR2 3YR

Accountants:

Bankers:

AA Matthew & Co Newspring House 3, Worcester Avenue Old Swan Liverpool L13 9AZ Lloyds TSB Fishergate Preston Lancashire England

Page 1

The Reconciliation Ministries Trustees' Annual Report for the Year Ended 31 December 2020

Objects of the charity

The main charitable objectives of The Reconciliation Ministries as set out in the objectives contained in the company's memorandum of association are:

The advancement of the Christian religion and to relieve poverty and sickness in accordance with Christian principles in the United Kingdom and in such other parts of the world as the Trustees may from time to time think fit.

The aims of our charity are to preach the gospel in the city of London with an operational focus in Preston Borough Our aims fully reflect the purposes that the charity was set up to further.

Ensuring Our Work Delivers Our Aims

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

The Focus of Our Work

Our main objectives for the year continues to be the advancement of the Christian religion and the relief of poverty and sickness. The strategies we used to meet these objectives includes:

  1. Provision of Weekly Church Services on Sunday to minister to the physical, spiritual and material needs of the congregants.

  2. Provision of Special Events and Meetings to meet the specific needs of target groups in the Church such as Men, Women, Youth and Children.

  3. Focusing on the Material needs of certain members undergoing difficult financial situations.

  4. Working with other Christian agencies and Churches in Preston to advance the preaching of the Gospel.

  5. Provision of Pastoral Care for Congregants and other members of the community

  6. Missionary and Outreach Work

How Our Activities Deliver Public Benefit

Our main activities and who we try to help are described below. All our charitable activities focus on the the relief of poverty and sickness.

Who used and benefited from our Services?

Our Church Services are presented with both the regular congregant and the visitor or seeker in mind. We minister to the physical, mental and spiritual needs of the whole man in our services giving specific consideration to the seekers or new comers in our midst who may not necessarily have a church background and as such may not understand the processes and procedures of Christianity.

We have also helped relieve poverty and hardship amongst both regular and irregular congregants who are suffering from a period of financial hardship due to unemployment and lack of financial resources.

Page 2

The Reconciliation Ministries Trustees' Annual Report for the Year Ended 31 December 2020

Financial Review

The trustees approve an annual budget and give regular attention to financial results, variance from budgets and cash flow. Income was principally derived from the generous gifts and voluntary support of donors as well as revenue from activities to further the charity's projects.

For the year, the charity's income (including revenue from other activities) was £157,819 (2019: £141,788) and its expenditure was £83,145 (2019: £99,569), which resulted in a surplus of £74,674 (2019: Surplus of £42,219).

The trustees have considered the charity’s current financial position and projections for the coming 12 months. The trustees are satisfied that the charity is and will remain solvent through that period.

Principal Funding Sources

The principal funding sources for the charity are currently by way of Donations and Gifts from congregants through the offering basket passed during Church services

Reserves Policy

The Board of Trustees has examined the Charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure.

The expenditure for year ended 31st December 2020 is £83,145 and therefore the targeted reserves should be between £20,786 and £41,572 in general funds. The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. This general reserve policy has not been met this year as in previous years.

Plans for Future Periods

The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.

Plans are also being developed to become more active within the Preston community.

Page 3

The Reconciliation Ministries Trustees' Annual Report for the Year Ended 31 December 2020

Structure, Governance and Management

Governing Document

The Organisation is a charitable company limited by guarantee, incorporated on 11th October 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company wound up members are required to contribute an amount not exceeding £10.

Recruitment and Appointment of Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as trustees. Under the requirements of the Memorandum and Articles of Association the trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

All trustees give their time voluntarily and receive no benefits from the charity.

Due to the nature of Charity work, trustees appointed have been so selected on the basis of their faith, strength of character, skills set in the area of business management and growth and commitment to the vision of the charity.

Trustees Induction and Training

Most trustees are already familiar with the practical work of the charity. Additionally new trustees would be invited as required and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions would be jointly led by the Chair of Trustees and the Chief Executive of the Charity and cover:

A Question & Answer pack would be prepared which draws information from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as a follow up to these sessions. This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements.

Page 4

The Reconciliation Ministries Trustees' Annual Report for the Year Ended 31 December 2020

Risk Statement

The trustees recognise the importance of assessing and managing risk associated with the charity's objectives. The process of identifying risk is on-going and is an essential part of the work of the trustees and Management Team. The charity has a set of comprehensive policy and procedure documents in place to ensure on-going identification and management of foreseeable risks.

Financial risk is mitigated through the adoption of comprehensive budgeting and reporting processes. Policy documents relating to risk and compliance issues are reviewed and updated annually. Current policies include:

  1. Safeguarding children and vulnerable adults

  2. Health and safety

  3. Equal opportunities

  4. Purchasing

  5. Fire safety and evacuation

  6. Employment including complaints and disciplinary issues

  7. Privacy and data protection

  8. Complaints

  9. Finance Processes

  10. Conflict of Interest

The trustees and staff have been aware of their responsibilities with regard to the new GDPR regulations and action has been taken to ensure compliance.

Organisation

The Reconciliation Ministries is governed by a Board of Trustees elected to serve the charity and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled. There are a number of other criteria that a trustee must meet. The Board of Trustees are assisted by the Department leaders. There are two trustees on the Board of Leaders.

The Board of Trustees meet quarterly and are responsible for the strategic direction and policy of the Charity. A scheme of delegation is in place and day to day responsibility for the provision of the services the Chief Executive. He is ably assisted by an adminstration staff who implement day to day operations. The adminstrative team continue to develop their skills and working practices in line with good practice.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and applications of resources, including income and and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and:

Page 5

The Reconciliation Ministries Trustees' Annual Report for the Year Ended 31 December 2020

Organisation

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Board of Trustees

Members of the Board of Trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

In accordance with company law, as the company's directors, we certify that:

So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the directors of the company we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.

This report has been prepared by the Order of Trustees:

Pastor Olalekan Adegunwa

24th September 2021

Page 6

The Reconciliation Ministries

Independent examiner’s report to the trustees of The Reconciliation Ministries for the Year Ended 31 December 2020

I report to the charity trustees on my examination of the accounts of The Reconciliation Ministries (Company no 05589164) for the year ended 31 December 2020 on pages 8 to 17 following, which have been prepared on the basis of the accounting policies set out on pages 11 and 13.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

The Company’s gross income did not exceed £250,000 therefore our examiner need not be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Matthew Okuboyejo FCA, MAAT

Association of Accounting Technicians

AA Matthew & Co Newspring House 3, Worcester Avenue Old Swan Liverpool L13 9AZ

24th September 2021

Page 7

The Reconciliation Ministries Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31 December 2020

Notes
Incoming resources
Incoming resources from generated funds:
Voluntary Income:
Donations, Grants and Offerings
3
Building Funds
3
Gift Reclaim
4
Investment Income
Bank Interest
5
Room hire
5
Total incoming resources
Resources expended
Cost of generating funds
Costs of generating voluntary income
6
Charity activities
7
Governance Costs
8
Total resources expended
Net Incoming resources before other
recognised gains
Net movement in funds
Reconciliation of Funds
Total funds brought forward
Total funds carried forward		 2020
2020
2019
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
117,844
117,844
104,719
9,140
9,140
16,150
29,711
29,711
20,887
24
24
32
1100
1,100
-
157,819
-
157,819
141,788
41,736
-
41,736
56,763
40,059
-
40,059
41,556
1,350
-
1,350
1,250
83,145
-
83,145
99,569
74,674
-
74,674
42,219
74,674
-
74,674
42,219
465,826
-
465,826
423,607
540,500
-
540,500
465,826

There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.

All Income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on Pages 11 to 17 form part of these accounts.

Page 8

The Reconciliation Ministries Balance Sheet as at 31 December 2020

Notes
Fixed assets
Tangible assets
11
Currents assets
Cash at bank and in hand
15
Debtors
13
Creditors: amounts falling due
within one year
12
Net Current Assets
Net Assets
Unrestricted funds
General Funds
17
Total Funds		 2020
£
427,867
113,443
1,990
115,433
(2,800)
112,633
540,500
540,500
540,500		 2019
£
339,062
127,366
2,210
129,576
(2,811)
126,764
465,826
465,826
465,826

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006. However, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

(a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The Financial Statements were approved by the board on 24th September 2021 and were signed on its behalf by:

Pastor Olalekan Adegunwa Director/Trustee

The notes on pages 11 to 17 form part of these financial statements.

Page 9

The Reconciliation Ministries
Cash Flow Statement
for the Year Ended 31 December 2020
Note 2020 2019
£ £
Cashflows from operating activities:
Net cash provided by (use in) operating activiti A 87,743 49,033
Cashflows from investing activities:
Purchase of Assets (101,666) -
Net cash provided by (use in) investing activities (101,666)
Cashflows from financing activities:
Net cash provided by (use in) financing activities
Change in cash and equivalents in the reporting period (13,923) 49,033
Cash and equivalents at the beginning of the y B 127,366 78,333
Cash and equivalents at the end of the year B 113,443 127,366
-
NOTES TO THE CASH FLOW STATEMENT
Note A: Reconciliation of net income/(expenditure) to net cash flow from operating
activities:
2020 2019
£ £
Net income/(expenditure) for the reporting period (as per th 74,674 42,219
Adjustments for:
Depreciation Charges and provisions for impairment 12,860 6,835
(Increase)/Decrease in debtors 220 (182)
Increase/(Decrease) in creditors (11) 161
Net cash provided by (used in) operating activities 87,743 49,033
Note B: Analysis of cash and cash equivalents
2020 2019
£ £
Cash at bank with immediate access 113,443 127,366
Total Cash and Cash equivalents 113,443 127,366

Page 10

The Reconciliation Ministries

Notes forming part of the financial statements for the year ended 31 December 2020

1. Statutory Information

The Reconciliation Ministries is a private company limited by guarantee, registered in England and Wales, registration number 05589164. The registered office and principal place of business is 53 Eastbourne Close Incol, Preston Lancashire PR2 3YR.

2. Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a). Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and/or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b). Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities.

However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Page 11

The Reconciliation Ministries Notes forming part of the financial statements for the year ended 31 December 2020

When donated goods are distributed an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed are recognised as stock.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from fundraising events and other investments for the purpose of charity.

The charity has taken the view that it has a major charitable activity, namely alleviating poverty and sicknesses, and all income from donations, legacies and charitable activities is in respect of this major activity.

c). Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the charity is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with Constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d). Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e). Tangible Fixed assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years.

Investments held as fixed assets are revalued at mid market value at the blance sheet date and the gain or loss taken to the Statement of Financial Activities.

Page 12

The Reconciliation Ministries Notes forming part of the financial statements for the year ended 31 December 2020

f). Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

g). Pension Scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h). Taxation

As a charity, The Reconciliation Ministries is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the charity.

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i). Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period

3. Donations
Donations -Tithes and Offering
Building Fund
HMRC Grant
4. Gift Aid Reclaim
Gift Aid Reclaim
5. Investment Income
Bank Interest
Room hire
Total Incoming
Resources		 Unrestricted
Restricted
2020
2019
Total
Total
£
£
£
£
100,506
-
100,506
104,719
9,140
9,140
16,150
17,338
17,338
-
126,984
-
126,984
120,869
Unrestricted Restricted
2020
2019
Total
Total
£
£
£
£
29,711
29,711
20,887
-
29,711
-
29,711
20,887
Unrestricted Restricted
2020
2019
Total
Total
£
£
£
£
24
24
32
1100
1,100
-
1,124
-
1,124
32
157,819
-
157,819
141,788

Page 13

The Reconciliation Ministries Notes forming part of the financial statements for the year ended 31 December 2020

6. Costs of Generating Voluntary Income

Ministry WorkSupport Cost Governance Ministry WorkSupport Cost Governance Ministry WorkSupport Cost Governance 2020 2019
£ £ £ £ £
Administration Direct 3,660 3,660 2,966
Support Costs Direct 15,966 15,966 12,296
Premises Direct 21,294 21,294 39,791
Bank Charges Direct - - -
Professional Fees Direct - 816 816 1,710
24,954 15,966 816 41,736 56,763
7. Charitable Activities
Ministry Direct 40,059 40,059 41,556
40,059 - - 40,059 41,556
8. Governance Cost
Professional Fees Direct - 1,350 1,350 1,250
- - 1,350 1,350 1,250
Total Resources 65,013 15,966 2,166 83,145 99,569
Expended
9. Net Incoming Resources for the Year
This is stated after charging: 2020 2019
£ £
Accountant's Remuneration 1,350 1,250
1,350 1,250
10. Analysis of staff costs, the cost of key management personnel and trustee remuneration
and expenses
2020 2019
£ £
Gross wages and salaries & benefits in kind 36,500 36,008
Social Security - -
Pension Costs 1,099 -
37,599 36,008

The average monthly number of employees during the year was two (2019: two). Most of the charity's activities are carried out by volunteers.

Page 14

The Reconciliation Ministries

Notes forming part of the financial statements for the year ended 31 December 2020

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise only of the trustees and two key staff(s)

No total employment benefits was payable to key management for the year 2020 stated as follows:

Employer Pension
Wage & Salaries Contribution
2020
2019
£
£
£
£
Key Staff:
Mr Wellington Adegunwa
8,400
8,400
8,400
Mrs S Adegunwa
28,100
28,100
27,608
-
36,500
-
36,500
36,008
11. Tangible Fixed Assets
Freehold Office/Music
Motor
Furniture &
2020
Property
Equip
Vehicle
Fittings
£
£
£
£
£
Cost
At 1 January 2020
366,634
17,959
2,800
6,240
393,633
Additions in year
83,484
16,303
1,878
101,665
At 31 December 2020
450,118
34,262
2,800
8,118
495,298
Depreciation
At 1 January 2020
32,060
14,573
2,712
5,226
54,571
Charge for the year
7,193
4,922
22
723
12,860
At 31 December 2020
39,253
19,495
2,734
5,949
67,431
Net Book Value
At 31 December 2020
410,865
14,767
66
2,169
427,867
Net Book Value
At 31 December 2019
334,574
3,386
88
1,014
339,062
12. Creditors: Amounts falling due within one year
2020
2019
£
£
Accruals & Deferred Income
2,800
2,700
Pension
-
111
2,800
2,811
13. Debtors: Amounts falling due within one year
Loan to Church Members
1,500
2,000
Others Debtors
490
210
1,990
2,210		 Employer Pension
Wage & Salaries Contribution
2020
2019
£
£
£
£
8,400
8,400
8,400
28,100
28,100
27,608
-
36,500
-
36,500
36,008
Freehold Office/Music
Motor
Furniture &
2020
Property
Equip
Vehicle
Fittings
£
£
£
£
£
366,634
17,959
2,800
6,240
393,633
83,484
16,303
1,878
101,665		 Employer Pension
Wage & Salaries Contribution
2020
2019
£
£
£
£
8,400
8,400
8,400
28,100
28,100
27,608
-
36,500
-
36,500
36,008
Freehold Office/Music
Motor
Furniture &
2020
Property
Equip
Vehicle
Fittings
£
£
£
£
£
366,634
17,959
2,800
6,240
393,633
83,484
16,303
1,878
101,665		 Employer Pension
Wage & Salaries Contribution
2020
2019
£
£
£
£
8,400
8,400
8,400
28,100
28,100
27,608
-
36,500
-
36,500
36,008
Freehold Office/Music
Motor
Furniture &
2020
Property
Equip
Vehicle
Fittings
£
£
£
£
£
366,634
17,959
2,800
6,240
393,633
83,484
16,303
1,878
101,665
450,118
34,262		 2,800
8,118
495,298
32,060
14,573
7,193
4,922		 2,712
5,226
54,571
22
723
12,860
39,253
19,495		 2,734
5,949		 67,431
410,865
14,767		 66
2,169		 427,867
334,574
3,386		 88
1,014		 339,062
2020
£
2,800
-
2,800
1,500
490
1,990		 2019
£
2,700
111
2,811
2,000
210
2,210

Page 15

The Reconciliation Ministries

Notes forming part of the financial statements for the year ended 31 December 2020

14. Net incoming resources for the year

This is stated after charging:
Depreciation
Accountancy Fees
15. Cash In Hand and at Bank
Lloyds Bank		 2020
£
12,860
1,350
14,210
2020
£
113,443
113,443		 2019
£
6,835
1,250
8,085
2019
£
127,366
127,366

16. Analysis of Net Assets Between Funds

General Designated Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
Tangible Fixed Assets
427,867
-
-
427,867
Current Assets
115,433
-
-
115,433
Current Liabilities
(2,800)
(2,800)
Net Assets at 31st December 2020
540,500
-
-
540,500
17. Movements in Funds
At 1 Januar
Incoming Outgoing
Transfers
t 31 Decembe
2020
Resources
Resources
2020
[Inc Gains]
£
£
£
£
£
Unrestricted Funds:
General Funds
465,826
157,819
(83,145)
540,500
Total Funds
465,826
157,819
(83,145)
-
540,500		 General Designated Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
Tangible Fixed Assets
427,867
-
-
427,867
Current Assets
115,433
-
-
115,433
Current Liabilities
(2,800)
(2,800)
Net Assets at 31st December 2020
540,500
-
-
540,500
17. Movements in Funds
At 1 Januar
Incoming Outgoing
Transfers
t 31 Decembe
2020
Resources
Resources
2020
[Inc Gains]
£
£
£
£
£
Unrestricted Funds:
General Funds
465,826
157,819
(83,145)
540,500
Total Funds
465,826
157,819
(83,145)
-
540,500		 General Designated Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
427,867
-
-
427,867
115,433
-
-
115,433
(2,800)
(2,800)
540,500
-
-
540,500
465,826 157,819
(83,145)
-
540,500

18. Transactions with related parties

During the previous and current year under review, the charity had no related parties transaction(s)

Page 16

The Reconciliation Ministries

Notes forming part of the financial statements for the year ended 31 December 2020

Income
LESS OVERHEADS
Premises Costs
Rent & Rates
Building Renovation
Building Insurance
Repair & Renewal
Light & Heating
Venue hire
Administration
PPS
Computer Supplies & Software
Web Charges
Subscription
Telephone & Internet
Ministry
Evangelism & Missions
Pastor's Salary
Staff Salaries
Employer Pension Contribution
Print & Design
Love Gifts & Donations
Books, Cds & DVDs
Visiting Ministries
Professional Fees
Solicitor's fee
Professional & Legal Fees
Accountancy
Support Costs
Hotel, Travel & Motor Expenses
Depreciation
Catering & Refreshments
Cleaning & Hygiene
Sundry Equipment
Sundry Expenses
Total Expenses
Surplus/(Deficit) for the year
Surplus Brought Forward
Surplus/ (Deficit) Carried Forward		 2020
£
157,819
11,697
3,536
1,087
1,166
3,469
339
21,294
12
267
400
1,039
1,942
3,660
-
8,400
28,100
1,099
-
2,228
232
-
40,059
-
816
1,350
2,166
2,152
12,860
42
322
476
114
15,966
(83,145)
74,674
465,826
540,500		 2019
£
141,788
12,219
22,025
2,041
197
3,023
286
39,791
275
-
-
956
1,735
2,966
1,248
8,400
27,608
-
117
1,519
1,264
1,400
41,556
710
1,000
1,250
2,960
3,444
6,835
1,356
281
308
72
12,296
(99,569)
42,219
423,607
465,826

This page does not form part of the statutory accounts.

Page 17