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2021-08-31-accounts

Page
Reference and administrative details ofthe charity, its trustees and advisers
Trustees' Report 2-11
Independent Auditors'
Report		 12 - 14
Consolidated Statement ofFinancial Activities 15
Consolidated Balance Sheet
Company
Balance Sheet		 17
Consolidated Statement
ofCash Flows		 18
Notes to the Financial Statements 19-35

Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
Notes 6 8 6 6
INCOME FROM:
Donations 2 532,260 53,058 585,318 610,641
Charitable
activities		 2,480 68,079 70,559 80,161
Other trading
activities		 3,4 98,405 6,200 104,605 424,947
Investments 5 10 10 134
Other 6 97,070 97.070 63,032
TOTAL INCOME 730,225 127,337 857,562 1,178,915
EXPENDITURE ON:
Raising funds 4 239,529 239,529 486,778
Chaditable
activities		 7,8 428,653 169,136 597,789 677,323
TOTAL EXPENDITURE 668,182 169,136 837,318 1,164,101
NET INCOME
/ (EXPENDITURE) BEFORE		 62,043 (41,799) 20,244 14,8'l4
TAX
Taxation (4,987) (4,987) 13,706
NET INCOME I (EXPENDITURE) AFTER 67,030 (41,799) 25,231 1,108
TAX
Transfer between
funds		 16 (43,825) 43,825
NET MOVEMENT
IN		 FUNDS 23,205 2,026 25,231 1,108
RECONCILIATION
OF FUNDS:
Total funds brought forward 1,727,630 60,097 1,787,727 1.786,619
TOTAL FUNDS CARRIED FORWARD 16 1,750,835 62,123 1,812,958 1,787,727

2021 2020
Notes 6 5
FIXEDASSETS
Tangible assets 12 1,947,668 1,982,287
CURRENT ASSETS
Debtors 13 25,492 27,335
Cash at bank and in hand 263,810 192,263
289,302 219,598
CREDITORS: amounts falling due within
one year 14 86,105 96,308
NET CURRENTS ASSETS 203,197 123,290
TOTAL ASSETS LESSCURRENT LIABILITIES 2,150.865 2,105,577
CREDITORS: amounts falling due after
more than one year 15 329,192 304,148
PROVISION FOR LIABILITIES 8,715 13,702
NET ASSETS 1,812,958 1,787,727
CHARITY FUNDS 16
Resbicted funds 62,123 60,097
Unrestricted
funds		 1,709,863 1,686,236
Revaluation 40,972 41,394
TOTAL FUNDS 1,812,958 1,787,727

COMPANY BALANCE SHEET COMPANY BALANCE SHEET COMPANY BALANCE SHEET
AS AT 31 AUGUST 2021
Notes 2021
6		 f 20'l9
6
FIXEDASSETS
Tangible assets 12 1,846,444 1,868,537
Investment
in subsidiary		 undertaking 23 1 1
1,846,445 1,868,538
CURRENT ASSETS
Debtors 13 104,517 99,042
Cash at bank and in hand 191,607 136,901
298,124 235,943
CREDITORS: amounts falling due within
one year 14 35,855 33,548
NET CURRENTS ASSETS 260,269 202,395
TOTAL ASSETSLESS CURRENT LIABILITIES 2,106,714 2,070,933
CREDITORS: amounts falling due after
more than one year 15 287,525 298.238
NET ASSETS 1,819,189 1,772,695
CHARITY FUNDS
Restricted
funds		 62,123 60,097
Unrestricted
funds		 1,716,094 1,671,204
Revaluation 40,972 41,394
TOTAL FUNDS 1,819,189 1,772,695
The financial statements were approved and authorised for issue by the Trustees on 31aMarch 2022 and signed
on their behalf, by:
Gavln White Demi Fagade

2021 2020
hlotes 6 8
Cash flows from operating activities
Net cash provided
by operating
activities		 18 37,069 55,565
Cash flows from investing activities
Purchase oftangible fixed assets (5,651) (9,577)
Sale oftangible
fixed assets		 286
Net cash used in investing activities (5,365) (9,577)
Cash flows fram financing activities
New loans in the year 50,000
Repayments
ofborrowings		 (10,157) (9,601)
Net cash used in financing
activities		 39,843 (9,601)
Change
in cash and cash		 equivalents in the year 71,547 (36,387)
Cash and cash equivalents brought
forward		 192,263 155,876
Cash and cash equivalents carried forward 19 263,810 192,263

DONATIONS
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
8 6 8 8
Donations 450,576 37,491 488,067 488,587
GiR aid receivable 81,684 1,067 82,751 86,795
Grants 14,500 14,500 35,259
532,260 53,058 585,318 610,64'I
Total 2020 554,342 56,299 610,641

Unrestricted Restricted Total Total
funds funds funds funds
2021
6		 2021
E		 2021f 2020
Rents 8 service charges received 6,200 6,200 5.870
6,200 6,200 5,870
Total 2020 6,870 5,870
4. TRADING ACTIVITIES
All unrestricted
funds
Total Total
funds funds
2021 2020
2
Trading income
Conference Centre income 98,405 419,077
98,405 419,077
Building Expenses
Conference
Environment,
Fire, alarms
Furnishings		 Centre running
costs
waste 5recycling costs
&security
8 equipment		 213,311
5,915
3,457
270		 456,791
9,959
3,081
254
Utilities
Miscellaneous
building costs		 11,477
184		 8,793
976
Service 8 repairs
Catering supplies		 4,900
15		 3,206
3,718
239,529 486,778
Net income from trading activities (141,124) (67,701)

5. FOR THE YEA
INVESTMENT INCOME		 R ENDED 31AUGUST 2021 R ENDED 31AUGUST 2021 R ENDED 31AUGUST 2021
Unrestricted
Restricted		 Total Total
funds funds funds funds
2021 2021 2021 2020
E E 6 F
Interest receivable 10 10 134
Total 2020
6. OTHER INCOME
Group Group Company Company
2021 2020 2021 2020
E 6
Grants received 89.040 63,017 4,386 4,571
Other income 8.030 15 4,030
97,070 63,032 8,416 4,571
Grants included
in other income relate to grants from HMRC's		 Coronavirus Job Retention Scheme.
7. DIRECT COSTS
Total Total
Church Life
6		 Leadership
6		 Mission
8		 2021 2020
F
Administration
expenses		 2,849 2,849 3,857
Books &media 585 343 928 1,096
Catering
Youth &children		 242
2,634		 93 242
2,727		 2,144
2,687
Conference
&hospitality		 1,094 3,199 4,293 9,989
Leaders' expenses 1,389 1,389 5,492
Study fees
Multimedia
costs		 2,'I15 5,677 11,218 5,677
13,333		 4,000
6,276
Mission &outreach 2,305 100,213 102,518 139,211
Homes of Hope expenses 45,937 45,937 48,017
Miscellaneous 188 776 964 2,641
Leadership
salaries		 160,283 160,283 177,611
9,163 167,349 164,628 341,140 403,021
Total 2020 30,593 184,681 187,747 403,021
Unrestricted
funds		 9,'f63 167,349 102,609 279,121 247,912
Restricted funds 62,019 62,019 155,109
9,'i 63 167,349 164,628 341,140 403,021
Included
in Homes of Hope expenses is mortgage		 interest off15,528(2020:516,084).

SUPPORT COSTS
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021
E		 2020f
Administration
expenses
Telephone
&internet
Multimedia
costs
Legal &professional
fees
Miscellaneous
Bank charges
Staff salaries
National
insurance
Pension cost
Depreciation
Site costs
Governance
costs (see note 9)
Pdinting,
post &stationery
Motor expenses
(Profit)/loss
on disposal offixed assets		 12,270
6,975
7,573
1,595
1,098
2,828
67,896
2,786
1,795
27,624
860
9,775
6,'648
(191)		 5,909
2,140
4,081
179
85,416
5,880
2,202
1,310		 18,179
6,975
9,713
1,595
5,179
3,007
153,312
8,666
3,997
27,624
860
9,775
6,648
1,310
(191)		 14,877
7,590
7,839
3,433
4,404
161,154
8,164
4,703
28,065
11,888
10,375
8,784
930
2,096
149,532 107,117 256,649 274,302
Total Total
funds funds
2021 2020
5
Auditors'
Auditors'
Legal &		 remuneration
remuneration:
non audit services
professional fees		 5,650
3,600
525		 5,610
4,404
361
9,775 10,375

Staff costs w ere as follows:
Group Group Company Company
2021
E		 2020f 2021
E		 2020
E
Wages 8 salaries 456,842 602,370 299,152 323,056
Termination payments 2,786
Social security costs 28,341 36,888 18,719 19,016
Other pension costs 12,811 14,614 8,387 9,561
497,994 656,658 326,258 351,633
The average number ofpersons employed by the company
during		 the year was as follows:
2021 2020
No. No.
Pastoral team and administration 35 56

12. TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS
Freehold Plant and Fixtures Computer Motor
Group propertyf machinery
6		 and fittings
6		 equipment
6		 Vehicles
E		 Total
Cost or valuation
At 1 September 2020 1,830,000 136,974 538,518 81,976 1,000 2,588,468
Additions 5,651 5,651
Disposals (992) (992)
At 31 August 2021 1,830,000 141,633 538,518 81,976 1,000 2,593,1Z7
Depreciation
At 1 September 2020 36,600 125,153 368,370 75,808 250 606,181
Charge for the year 18,300 2,597 17,011 2,055 187 40,150
Dlsposals (672) (872)
At 31 August 2021 54,900 126,878 38S.381 77,863 437 645,459
Net book value
At 31 August 2021 1,775,100 14,755 'IS3.137 4,113 563 1.947,668
At 31 August 2020 1,793,400 11,821 170,148 6,168 750 1,982,287
Freehold Plant and Fixtures Computer Motor
Company property
E		 machinery
E		 and fittings
E		 equipment
6		 Vehicles
E		 Total
6
Cost orvaluation
At 1 September 2020 1,830,000 136,974 334,143 63,813 1,000 2,365,930
Additions 5,651 5,651
Disposals (992) (992)
At 31 August 2021 1,830,000 141,633 334,143 63,813 1,000 2,370,589
Depreciation
At 1 September 2020 36,600 125,153 272,800 62,590 250 497,393
Charge for the year 18,300 2,597 6,133 407 187 27,624
Disposals (872) (872)
At 31 August 2021 54,900 126,878 278,933 62,997 437 524,145
Net book value
At 31 August 2021 1,775,100 14,755 55,210 816 563 1,846,444
At 31 August 2020 1,793,400 11,821 61,343 1,223 750 1,868,537

13. DEBTORS
Group Group Company Company
2021f 2020
8		 2021 2020
8
Trade debtors 3,893 4,042
Amounts
owed		 by group undertaking 86,027 86,027
Other debtors 1732 2,299 1,732 2,083
Prepayments
&accrued		 income 19,867 20,994 16,758 10,932
25,492 27,335 104,517 99,042
Included
in other debtors		 are amounts due from church members of8233(2020:6233) which are provided
on concessionary terms with no fixed terms ofrepayment
and no		 interest.
14. CREDITORS: amounts falling due within one year
Group Group Company Company
2021 2020 2021 2020
8 6 6
Bank loan 18,490 9,601 10,157 9,601
Trade creditors 1,051 425
Other taxation &social security 21,372 33,708 5,753 4,838
Other creditors 2,083 1,908 1,964 1,199
Accruals &deferred income 43,109 50,666 17,981 17,910
86,105 96,308 35,855 33,548
Deferred income
Brought forward at 1"September 2020 15,325
Utilised
in the year		 (1,960)
Received
in the year		 8,980
Carried forward at 31"August 2021 22,345
Deferred income consists ofdeposits paid for room bookings of the Conference Centre.
15. CREDITORS: amounts falling due after more than one year
Group Group Company Company
2021 2020 2021 2020
6 8 F
Bank loan 304,192 273,238 262,525 273,238
Other loan 25,000 25,000 25,000 25,000
Other taxation and social security 5,910
329,192 304,148 287,525 298,238

Group Group Company Company
2021 2020 2021 2020
6 6 6
Repayable by instalments 223,563 250,270 221,896 250,270

STATEME NT OF FUNDS —PRIOR YEAR
Balance at Balance at
1 September Expenditure/ Transfers 31 August
2019f Income
f		 taxation in/(out)f 2020
f.
Unrestricted funds
General 1,653,709 1,054,406 (1,022,698) 819 1,686,236
Revaluation 41,816 (422) 41,394
1,695,525 1,054,406 (1,022,698) 397 1,727,630
Restricted funds
Homes of Hope 49,488 74,447 (128,538) 4,603
Building fund 41,606 (5,000) 36,606
Revolution Youth 50,062 (26,571) 23,491
91,094 124,509 (155,109) (397) 60,097
Total offunds 1,786,619 1,178,915 (1,177,807) 1,787,727

ANALYSIS OF NETASSiETS BETWEEN FUNDS —CURRENT YEAR
Unrestricted Restricted Total
funds funds funds
2021f 2021f 2021f
Tangible fixed assets
Current assets		 1,947,668
227,179		 62,123 1,947,668
289,302
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities		 (86,105)
(329,192)
(8,715)		 (86,105)
(329,192)
(8,715)
1,750,835 62,123 1,812,958

Unrestricted Restricted Total
funds funds funds
2020f 2020 2020f
Tangible fixed assets
Current assets
Creditors
due within one year
Creditors due in more than one year
Provisions
for liabilities		 1,982,287
159,501
(96,308)
(304,148)
(13,702)		 60,097 1,982,287
219,598
(96,308)
(304,146)
(13,702)
1,727.630 60,097 1,787,727

Group Group
2021
f		 2020
Net (expenditure)/income
forthe		 year (as per Statement ofFinancial
Activities) 25,231 1,108
Adjustment for:
Depreciation charges 40,150 42,627
(Profit)/loss on disposal offixed assets (166) 2,096
Decrease/(increase) in debtors 1,843 (4,959)
Increase/(decrease) in creditors (25,002) 991
Increase/(decrease) in provisions for liabilities and charges (4,987) 13,702
37.069 55,565
ANALYSIS OF CASH AND CASH EQUIVALENTS
Group Group
2021 2020
8 E
Cash at bank & in hand
263,810 192,263
Total 263,810 192,263

2021 2020
Group 6
Amounts payable:
Within
1 year		 5,520 5,655
Between 1 and 5years 1,380 6,900
Total 6,900 12,555
At 31August 2021the company had annual commitments under con-cancellable operating leases as follows
2021 2020
Company 6
Amounts payable:
Within
1 year		 5,520 5,655
Between 1 and 5years 1,380 6,900
Total 6,900 12,555

2021 2020
Salary Employer
Nl		 Pension Total Total
6 6 8 6 5
Dami Fagade (incl. spouse) 42,098 2,744 1,263 46,105 44,922
42,098 2,744 1,263 46,105 44,922