| Page | ||
|---|---|---|
| Report ofthe Trustees | 1to2 | |
| Independent Examiner's |
Report | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes tothe Financial Statements | 6to9 | |
| Detailed Statement of Financial Activities | 10to 11 |
| Rev. | Jobi Koruthu | Vicar and President | ||
|---|---|---|---|---|
| Mrs. | Bindu Mole Skariah | Vice President | ||
| Mrs. | Mithu Varghese | Secretary | ||
| Mr. | Alex Lukose | Trustee Finance | ||
| Mr. | Reji Thankachan | Trustee Accounts | ||
| Mr. | Binu George | Lay Leader | ||
| Mr. | Gifson Mathew | Pularickal | Lay Leader | |
| Mr. | Alex Lukose | Sabha Mandalam Representative |
||
| Mr. | Sam P George | Diocesan Assembly | Representative | |
| Mr. | Kurian John | Diocesan Assembly | Representative | |
| Mrs. | Susan KJoy | Choir Representative | ||
| Mrs. | Alice Lukose | Sunday School Representative | ||
| Mrs. | Lizamma Baby | Sevika Sangham Representative |
||
| Ms. | Caroline Benoy | Youth League Representative | ||
| Mr. | Jimmy Jacob Thekkekara | Edavaka Mission |
||
| Mr. | Mathew Chacko | Alumkal | Area Representative | (Chelmsford) |
| Mr. | Shibu Abraham | Area Representative | (Eastham) | |
| Mrs. | Omana Koshy | Area Representative | (Llford) | |
| Mr. | Anil Cherian | Area Representative | (North Landon) | |
| Mr. | Santhosh George |
Area Representative | (Romford) | |
| Mr. | Philip Varghese | Area Representative | (Harlow) |
| for | the Year |
Ended 31 March | 2021 | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total funds | Total funds | ||||
| funds | fund | ||||||
| Not | E | ||||||
| es | |||||||
| INCOIIE AND ENDOWMENTS Donations and legacies |
FROM | 50,730 | 50,730 | 54,860 | |||
| Other activities | 9,400 | 9,400 | 14,093 | ||||
| Other income | 16,039 | 16,039 | 34,374 | ||||
| Total | 76,169 | 76,169 | 103,327 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities Church Running Costs |
57,160 | 57,160 | 72,518 | ||||
| Other | 3,148 | 3,148 | 3,627 | ||||
| Total | 60,308 | 60,308 | 76,145 | ||||
| NET INCOME | 15,861 | 15,861 | 27,182 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 227,399 | 227,399 | 200,217 | ||||
| Transfer between funds | |||||||
| TOTAL FUNDS CARRIED FORWARD | 243,260 | 243,260 | 227,399 |
| At 3 | 1 March 2021 |
||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Restricted | Totalfurids | Totalfunds | ||
| funds | fund | ||||
| Not | F | ||||
| es | |||||
| FIXEDASSETS | |||||
| Tangible assets | 291,670 | 291,670 | 294,818 | ||
| CURRENT ASSETS | |||||
| Debtors | 12,961 | 12,961 | 19,959 | ||
| Cash at bank and in hand | 41,662 | 41,662 | 25,141 | ||
| 54,623 | 54,623 | 45,100 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
(14,992) | (14,992) | (13,551) | ||
| NET CURRENT ASSETS | 39,631 | 39,631 | 31,549 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 331,301 | 331,301 | 326,367 | ||
| CREDITORS | |||||
| Amounts falling due after more than one year |
10 | (87,990) | (87,990) | (98,968) | |
| NET ASSETS | 2431311 | 2434311 | 227;399 | ||
| FUNDS | 13 | ||||
| Unrestricted funds |
243,311 | 227,399 | |||
| Restricted funds | |||||
| TOTAL FUNDS | 2431311 | 227,399 |
| each asset over its estimated use |
ful life. |
|---|---|
| Freehold property Fixtures and fittings Motor vehicles |
-not provided -25%on reducing balance basis =25% on reducing balance basis |
| Computer equipment |
—33.33%on reducing balance basis |
| TANGIBLE FIXEDASS | ETS | |||||||
|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures and | Computer | ||||||
| property | fittings | Motor vehicles | equipment | Totals | ||||
| E | ||||||||
| COST | ||||||||
| At 1 April 2020 | 282,282 | 8,134 | 12,234 | 1,589 | 304,239 | |||
| Additions | ||||||||
| Disposal | ||||||||
| At 31 March 2021 | 282,282 | 8,134 | 12,234 | 1,589 | 304,239 | |||
| DEPRECIATION | ||||||||
| At 1 April 2020 Charge foryear |
6,042 523 |
1,952 2,571 |
1,427 54 |
9,421 3,148 |
||||
| Eliminated on Disposal |
||||||||
| At 31March 2021 | 6,565 | 4,523 | 1,481 | 12,569 | ||||
| NET BOOK VALUE | ||||||||
| At 31 March 2021 | 282,282 | 1,569 | 7,711 | 108 | 291,670 | |||
| At 31 March 2020 | 282,282 | 2,092 | 10,282 | 162 | 2981,818 | |||
| DEBTORS:AMOUNTS | FALLING | DUE WITHIN | ONE YEAR | |||||
| 2021 | 2020 | |||||||
| F | ||||||||
| Gift Aid Tax Receivable | 8,779 | 10,325 | ||||||
| Debtors/P repayments | 4,182 | 9,634 | ||||||
| 12;981 | 19,959 | |||||||
| CASH AT BANK AND | IN HAND | |||||||
| 2021 | 2020 | |||||||
| General fund | Restricted | Fund | Total funds | Total funds | ||||
| P | E | |||||||
| Cash in hand | ||||||||
| Lloyds Account Barclays Account CClA-Building Capital |
Fund | 41,520 91 51 |
41,520 91 51 |
24,821 269 51 |
||||
| Total | 41,662 | 41,662 | 25,141 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|
| 2021 | 2020 | |
| Bank loans and overdrafts (see note 13) Social security and other taxes Creditors 8 Accruals Provisions forVicar's transfer Cost |
9,844 540 4,608 |
8,710 549 1,988 2,304 |
| 14,992 | 13.551 |
| 2021 | 2020 |
|---|---|
| f | E |
| 87,990 | 98,968 |
| forthe | Year Ended 31 INarch 2021 | ||||
|---|---|---|---|---|---|
| 11. | LOANS | ||||
| An analysis | ofthe maturity ofloans is given below: | 2021 | 2020 | ||
| F | |||||
| Amounts falling due within one year on demand: Bank loans |
9,844 | 8,710 | |||
| Amounts falling due in more than five years: |
|||||
| Repayable Bank Loan |
by instalments: | 87,990 | 98,968 | ||
| 12. | SECURED | DEBTS | |||
| The following secured debts are included | within creditors: | 2021 | 2020 f |
||
| Bank loans | 97,834 | 107,878 |
| The Bank loan is fully secured by f Essex, RM5 2TJ. |
The Bank loan is fully secured by f Essex, RM5 2TJ. |
irst legal charge over the free | hold property at |
154Clock House La | ne, Romford, | |
|---|---|---|---|---|---|---|
| 3. | MOVEMENT IN FUNDS |
|||||
| Net movement | Transfers | |||||
| At 1.4.20 | in funds E |
between funds | At31.3.21 f |
|||
| Unrestricted Funds General fund Edavaka Mission Youth League Sevika Sangam Sunday School Fund Church Development Choir |
Fund | 220,636 573 391 2,310 46 2,998 445 |
15,948 70 385 (200) (291) |
(491) 200 291 |
236,093 573 461 2,695 46 2,998 445 |
|
| 227,399 | 15,861 | 243,311 | ||||
| Restricted Funds | ||||||
| TOTAL FUNDS | 227,399 | 15,912 | 243,311 | |||
| Net movement in funds, included |
in the above are as follows: | incoming | Resources | Movement in |
||
| resources | expended | funds f. |
||||
| Unrestricted funds General fund Sevika Sangam Sunday School Fund |
74,104 1,775 220 |
(58,156) (1,390) (420) |
15,948 385 (200) |
|||
| Edavaka Mission Youth League Choir |
70 76,169 |
~291) 60,257 |
70 ~291) 15,912 |
|||
| 76,169 | 60,257 | 15,912 | ||||
| TOTAL FUNDS | ||||||
| 14. | RELATED PARTY DISCLOSURES |
| Donations and legacies | |||
|---|---|---|---|
| Stewardship General Offertory Wedding/Birthday Donations Recessa/Uposhanam/Diocesan General Donations Christmas Carol Charity Donations/Spl Offer VBSDonations Other Revenue/Special Events Sevika Sangam Sunday School Income Church Development Fund Gift Aid Tax Refund Choir Youth League Edavaka Mission |
Sun | 22,852 3,302 2,430 3,578 2,100 1,060 2,892 100 450 1,775 220 9,901 70 |
18,121 4,312 2,018 2,264 1,462 1,635 6,106 2,086 2,132 1,396 665 1,540 9,926 445 381 371 |
| 50,730 | 54,860 | ||
| Other trading activities Fundraising =Harvest Festival |
9,400 | 14,093 | |
| Other income Contributions from churches |
16,039 | 34,374 | |
| Total incoming resources | 76,169 | 103,327 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Ministerial Stipend Provident Fund Travel &Subsistence Vicarage Expenses Visiting Clergy, Bishops &Evang Motor Expenses Charitable Donations Vicars TA for Dio/Centre Meeting Church/Hall Rent Repairs &Maintenance Printing, Postage 8 Stationery Vicar's Transfer Funds Sunday School Harvest Festival Choir Recessa,Diocesan &Mandalam Special Events/Refreshments Altar Expenses Immigration 8 Work Permit Vacation Bible School Sundry Expenses Bureau Costs Sevika Sangam |
24,265 469 5,141 361 1,869 1,500 2,330 550 222 6,425 420 291 104 375 119 572 1,390 |
25,714 306 1,361 5,311 1,315 3,000 3,100 353 3,300 930 366 3,625 1,310 299 500 3,135 93 69 2,571 390 768 |
| 2021 | 2020 | |
|---|---|---|
| Charitable activities |
||
| Brought forward Youth League Edavaka Mission Accountancy |
46,403 540 |
57,816 80 175 450 |
| Donations Membership Fees (COMPE) Insurance Bank Loan Interest 8 Charges |
4,675 658 4,833 |
7,405 625 5,967 |
| 57,109 | 72,518 | |
| Other Fixtures and fittings Motor vehicles Computer equipment Loss on sale ofMotor Car |
523 2,571 54 |
697 1,952 80 898 |
| 3,148 | 3,627 | |
| Total resources expended | 60,257 | 76,145 |
| Net income | 15,912 | 27;182 |