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2021-03-31-accounts

Contents Page
Reference and administrative details
Trustees' Report 2-9
Auditor's Report 10-13
Statement of Financial Activities
Balance Sheet 15
Statement of Cash Flows 16-17
Notes to the Financial Statements 18-30
Detailed Income and Expenditure 31-32
Trustees Non-Trustee Elders
Mr Adetayo
Aderemi
(Non-Elder) Mr Frederick Asante Mr Chris James
Ivlr Chima
Amiaka
(Secretary) Mr Tim Coales Mr lan James
Mr Jay Bhatt (Treasurer) Dr Peter Debrah-Mensah Mr Isaac Kironde
Dr Olukunle
Onabolu
Mr John Edwards Mr David
Lilley
Mr Neville
Pinto
(Chairman) Mr David Fellowes Mr William
McCabe
Mr Mark Rossell Mr Richard
Howes
Mr D Kofi Sunu
Mr Tony Sokan Mr Gerald
Huston

Auditors Solicitors
Jacob Cavenagh Bt Skeet Russell-Cooke Solicitors
5 Robin Hood Lane 2 Putney Hill
Sutton London
Surrey SM1 2SW SW15 6AB
Bankers
The Co-operative Bank Metro Bank Clydesdale Bank
91 George Street One Southampton Row 'l54 - 158 Kensington High St
Croydon London London
Surrey WC1B SHA WB TRL
CR9 3OT
Charity Bank
Fosse House
182 High Street
Tonbridge
TN9 1BE

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AT 31 March 2 021
2021 2020
Total Total
Note f.
Fixed assets
Tangible assets 1,077,285 1,078,532
Current
assets
Debtors 8 96,351 81,440
Cash at bank and in hand 542,426 469,225
638,777 550,665
Current
liabilities
Creditors: Amounts falling due within one
year 9a 64,253 61,710
Net current assets 574,524 488,955
Total assets less current
liabilities
1,651.809 1,567,487
Creditonn Amounts falling due after one
year 9b 1,748 5,241
Net assets 1,650,061 1,562,246
Reserves
Restricted income funds 10a 109.205 102,675
Unrestricted income funds 10b 1,540,856 1,459,571
Total charity funds 1,650,061 1,562,246
2021 2020 Note
Cash flows from operating activities:
Net cash provided by iused in' operating acti vities 104,419 (4,784) Table 1
Cash flows from investing activities:
Diwdends,
interest
and rents from investments
3,371 3,712
Proceeds from the sale of property,
plant
and equipment
Purchase of property,
plant
and equipment (30,979) (54,722)
Net cash provided by (vsedinJinvesting activities (27,608) (51,010)
Cash flows from financing activities:
Repayments
of borrowing
1,493
Loans given (1,493)
Capital
Repayments
(3,494) (3.494)
Interest
Paid
(116) (116)
Net cash provided by fusedin)
financrng
activities (3,610) (3,610)
Changein
cash and cash
period
equivalentsin the reporting 73,201 (59,404)
Cash and cash equivalents
reporting
period
at the beginning of the 469,225 528,629
Gash and cash equivalents
pedod
at the end of the reporting 542,426 469,225 Table 2
YEAR ENDED 31 March 2021 ( YEAR ENDED 31 March 2021 ( continued) continued) continued)
Table 1;Reconciliation
of net
income/(expenditure) to net cash flow from operating activities
2021 2020
Net income/(expenditure)
for
per the statement
of financial
the reporting
activities)
period (as 87,815 (28,704)
Adjustments
for.
Depreciation
charges
32,226 25,716
Dividends,
interest
and rents from investments (3,371) (3,712)
Interest
Paid
116 116
(Increase)/decrease in debtors (14,911) 9,734
Increase/(decrease) in creditors 2,544 (7,934)
Net cash provided by (used in) operating activities 104,419 (4,784)
Table 2:Analysis of cash and cash equivalents
2021 2020
Cash in hand 542,426 469,225
Total cash and cash equivalents 542,426 469,225

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Y EAR ENDED 31 March 202 EAR ENDED 31 March 202 1 (continued) 1 (continued) 1 (continued)
3 Net Income/(Expenditure) for the Year 2021 2020
This is stated
after charging:
Depreciation 32,226 22,557
Auditors'
Remuneration
5,586 5,466
4 Staff Costs 2021 2020
Salaries BtWages 664,486 653,499
Social Security costs 53,212 52,590
Pension 42,777 40,252
760,475 746,341
Benefits in kind 27,640 29,692
788,115 776,033
2021 2020
No. No.
The average
monthly
number of employees during the period was
made up as follows: 24 26
There were no employees with emoluments of K60,000 per annum or more.
5 Trustees'
Emoluments
2021 2020
Emoluments 45,673 45,694
Company
Contributions
to money purchase pension schemes 3,708 3,708
49,381 49,402
No. of Trustees
accruing
benefits under Co Pension schemes 2021 2020

HE
7
YEAR ENDED 31 Marc
FIXED ASSETS
h 202 1 (continued)
Fixtures Office 8t Music 8t
Freehold computer media Mobile
property fittings equipment equipment Phone Total
f f f f
Cost
As at 31st March 2020 983,098 111,907 19,314 17,537 189 1,132,045
Additions 5,594 2,004 23,381 - 30,979
As at 31st March 2021 983,098 117,501 21,318 40,918 189 1,163,024
Depreciation
As at 31st March 2020 37,270 6,915 9,315 13 53,513
Charge for year 22,157 5,385 4,590 94 32,226
As at 31st March 2021 59,427 12,300 13,905 107 85,739
Net book value
As at 31st Ivlarch 2021 983,098 58,074 9,018 27,013 82 1,077,285
As at 31st March 2020 983,098 74,637 12,399 8.222 176 1,078,532
8 Debtors 2021 2020
f
Trade Debtors 4.077 4,077
Prepayments
and accrued
income 20,758 34,820
CIRS — Grant 9,771
Other Debtors 61,745 42,543
96,351 81,4%
9a Creditors:
Amounts
failing due within one year 2021 2020
f f
Trade Creditors 21,638 10,088
Accruals
8r deferred
income 12,573 22,271
Taxation
Et Social Security
17,234 18,539
Other Creditors 9,3'l4 7,318
Finance
Lease Creditor
3,494 3,494
64,253 61.710
9b Creditors:
Amounts
falling due after one year
Finance Lease Creditor 1,748 5,241
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The operating
lease charges for the year
The operating
lease charges for the year
The operating
lease charges for the year
were: 2021 2020
Hire of plant and machinery: 18,058 18,058
The total future minimum lease payments under non-cancellable operating leases are payable:
2021 2020
Within one year 14,400 14,400
between
1 and
five years 7,200 21,600
After more than five years
Total 21,600 36,000

RELATED PARTY TRANSA
Salaries
RELATED PARTY TRANSA
Salaries
CTION S
During
the period, trustees
and persons
with a family connection
received the following amounts from the
charity as a result of their employment
by the charity:
2021 2020
Trustee
G~SI
M Rossell 45,673 45,694
Pension
M Rossell 3,708 3,708
Private
Medical Cover
M Russell 1,300 1,218

2021 2020
All grants were made from the Church. They may be analysed as follows: f f
Individuals (see note 15(a)) 69,681 99,150
Institutions (see note 15(b)) 30,593 41,712
100274 140862

No. of 2021 No. of 2020
Purpose Individuals f Individuals
Missions Support 20 63,246 91,678
Relief of Financial Need 22 6,435 88 7,472
69,601 09160

2021 2020
Institutions No. No. F.
Action Europe 4,000
African Child Trust 15 7727 8,595
Central African Mission 5 2,125 5,254
Life Support 6 8,200 7,392
LifeSpring
International
1 270
London City Mission 3 3,000 5 5,000
S(AWA 16 2,321 11 1,570
Star of Hope Foundation 6 6,950 11 9,901
30,593 41,712