# ## ## ## ||||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| ## ##