2020-09-30-accounts - All Nations Christian Centre (Wolverhampton)

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		Page
Report ofthe Trustees		1to7
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet		10
Notes to the Financial Statements		11to 18

for the Year Ended 30Septem	ber 2020
					30.9.20	30.9.19
			Unrestricted	Restricted	Total	Total
		Notes	fund f	funds 6	funds 6	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies			666,091	85,665	751,756	768,346
Charitable activities
Corporate Worship			375		375	31,850
Other trading activities			5,442		5,442	13,548
Investment income			681	187	868	835
Other income			7,671		7,671	17,688
Total			680,260	85,852	766,112	832,267
EXPENDITURE ON
Raising funds			2,643	126	2,769	8,222
Charitable activities
Corporate Worship			538,124	138,457	676,581	876,382
Administration			30,234		30,234
Total			571,001	138,583	709,584	884,604
NET INCOME/(EXPENDITURE)			109,259	(52,731)	56,528	(52,337)
Transfers between funds		14	(27,008)	27,008
Net movement in funds			82,251	(25,723)	56,528	(52,337)
RECONCILIATION OF FUNDS
Total funds brought forward			343,619	1,044,804	1,388,423	1,440,760
TOTAL FUNDS CARRIED FORWARD			425,870	1,019,081	1,444,951	1,388,423

					30.9.20	30.9.19
			Unrestricted	Restricted	Total	Total
		Notes	fuiiil	funds 6	fundsf	fundsf
FIXEDASSETS
Tangible assets		8	374,155	1,673,796	2,047,951	2,121,561
CURRENT ASSETS
Stocks		9				1,121
Debtors		10	41,868		41,868	35,975
Cash at bank and	in hand		151,542	183,706	335,248	195,890
			193,410	183,706	377,116	232,986
CREDITORS
Amounts falling due within one year			(141,696)	(60,382)	(202,078)	(169,677)
NET CURRENT ASSETS			51,714	123,324	175,038	63,309
TOTAL ASSETS	LESSCURRENT LIABILITIES		425,869	1,797,120	2,222,989	2,184,870
CREDITORS
Amounts falling due after more than one year		12		(778,038)	(778,038)	(796,447)
NETASSETS			425,869	1,019,082	1,444,951	1,388,423
FUNDS
Unrestricted funds					425,869	343,619
Restricted funds					1,019,082	1,044,804
TOTAL FUNDS					1,444,951	1,388,423

OTHER TRADING ACTI	VITIES
		30.9.20 f	30.9.19
Shop income Other trading activities		5,442	9,676 3,872
		5,442	13,548
INVESTMENT INCOME
		30.9.20	30.9.19
		2	6
Deposit account interest		868	835
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
		30.9.20 f	30.9.19 f
Independent Examiners'	Fee	1,800	3,420
Depreciation —owned assets		73,609	82,560
Other operating leases		6,720	9,626

The average monthly number ofemployees durin	g the year was as follows:
	30.9.20	30.9.19
Management	1	1
Ministry	11	11
Administration	8	7
	20	19

o the Financial Statements -continued Year Ended 30 September 2020	o the Financial Statements -continued Year Ended 30 September 2020	o the Financial Statements -continued Year Ended 30 September 2020
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
		6	6	6
INCOME AND ENDOWMENTS	FROM
Donations and legacies		692,508	75,838	768,346
Charitable activities
Corporate Worship		3,960	27,890	31,850
Other trading activities Investment income		13,548 736	99	13,548 835
Other income		17,258	430	17,688
Total		728,010	104,257	832,267
EXPENDITURE ON
Raising funds		1,222	7,000	8,222
Charitable activities
Corporate Worship		709,065	167,317	876,382
Total		710,287	174,317	884,604
NET INCOME/(EXPENDITURE)		17,723	(70,060)	(52,337)
Transfers between funds		(36,941)	36,941
Net movement in funds		(19,218)	(33,119)	(52,337)
RECONCILIATION OF FUNDS
Total funds brought forward		362,837	1,077,923	1,440,760
TOTAL FUNDS CARRIED FORWARD		343,619	1,044,804	1,388,423
TANGIBLE FIXEDASSETS
			Improvements
		Freehold	to	Plant and
		property 6	property f	machinery 6
COST
At 1 October 2019and 30September 2020		2,212,652	18,920	272,226
DEPRECIATION
At 1 October 2019		220,422	1,892	172,474
Charge for year		44,253	1,892	24,938
At 30 September 2020		264,675	3,784	197,412
NET BOOK VALUE
At 30 September 2020		1,947,977	15,136	74,814
At 30September 2019		1,992,230	17,028	99,752

TANGIBLE FIXEDASSE	TS - continued
		Fixtures
		and	Computer
		fittings 6	equipment f	Totals f
COST
At 1 October 2019and 30	September 2020	30,127	27,111	2,561,036
DEPRECIATION
At 1 October 2019		24,700	19,988	439,476
Charge for year		1,085	1,441	73,609
At 30September 2020		25,785	21,429	513,085
NET BOOK VALUE
At 30September 2020		4,342	5,682	2,047,951
At 30September 2019		5,427	7,123	2,121,560
STOCKS
			30.9.20	30.9.19
			6	6
Stocks				1,121
DEBTORS
			30.9.20	30.9.19
			F
Amounts falling due within	one year:
Other debtors			10,532	10,031
Prepayments and accrued	income		21,540	25,944
Prepayments			9,471
			41,543	35,975
Amounts falling due after more than one year:
Trade debtors			325
Aggregate amounts			41,868	35,975
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			30.9.20	30.9.19
				6
Bank loans and overdrafts	(see note 13)		33,523	29,151
Trade creditors			312	318
Social security and other taxes			12,951	5,405
Other creditors			121,674	122,078
Wages control account			23,453	1,423
Pension control account			777	1,289
Accrued expenses			9,388	10,013
			202,078	169,677

Year Ended 30Septembe	r 2020	r 2020
CREDITORS: AMOUNTS	FALLING DUE AFTER		MORE THAN	ONE YEAR
					30.9.20	30.9.19
					F	6
Bank loans (see note 13)					778,038	796,447
LOANS
An analysis ofthe maturity	of	loans is given below:
					30.9.20	30.9.19
						6
Amounts falling due within	one year on demand:
Bankloans					33,523	29,151
Amounts falling between one		and two years:
Bank loans —1-2years					31,156	28,848
Amounts falling due between		two and five years:
Bank loans -2-5 years					99,771	92,381
Amounts falling due in more than five years:
Repayable by instalments: Bank loans more 5 yr by metal					647,111	675,218
MOVEMENT IN FUNDS
				Net	Transfers
			At	movement	between	Ai
			1.10.19	in funds	funds	30.9.20
			6	F	6	6
Unrestricted funds
General Fund			343,619	109,258	(27,008)	425,869
Restricted funds
Building Fund			906,837	(57,591)	36,854	886,100
Missions			3,080	4,151	11,085	18,316
Spiwe			1,651	150	10,862	12,663
Straits Community Church			100,000	(258)	(10,415)	89,327
Grace Building Fund			17,028	(1,892)		15,136
Whitmore Reans Community		Project	8,208	2,710	(13,378)	(2,460)
Community Worker —Telford			8,000		(8,000)
			1,044,804	(52,730)	27,008	1,019,082
TOTAL FUNDS			1,388,423	56,528		1,444,951

Net movement	in fu	nds, includ	ed in the abov	e are as follows:
					Incoming	Resources	Movement
					resources f	expended 8	in funds 8
Unrestricted	funds
General Fund					680,260	(571,002)	109,258
Restricted funds
Building Fund					33,380	(90,971)	(57„591)
Missions					11,978	(7,827)	4,151
Spiwe Straits Community		Church			1,132 19,938	(982) (20,196)	150 (258)
Grace Building	Fund					(1,892)	(1,892)
Whitmore Reans Community			Project		19,424	(16,714)	2,710
					85,852	(138,582)	(52,730)
TOTAL FUNDS					766,112	(709,584)	56,528
Comparatives	for	movement	in funds
					Net	Transfers
				At	movement	between	At
				1.10.18 2	in funds	funds F	30.9.19 f
Unrestricted	funds
General Fund				362,837	17,723	(36,941)	343,619
Restricted funds
Building Fund				966,750	(96,568)	36,655	906,837
Missions				9,326	(7,660)	1,414	3,080
Spiwe				1,847	1,222	(1,418)	1,651
Straits Community		Church		100,000			100,000
Grace Building	Fund				16,738	290	17,028
Whitmore Reans Community			Project		8,208		8,208
Community Worker		—Telford			8,000		8,000
				1,077,923	(70,060)	36,941	1,044,804
TOTAL FUNDS				1,440,760	(52,337)		1,388,423

				Incoming	Resources	Movement
				resources 6	expended	in funds f
Unrestricted	funds
General Fund				728,010	(710,287)	17,723
Restricted funds
Building Fund				21,803	(118,371)	(96,568)
Missions				34,401	(42,061)	(7,660)
Spiwe				1,533	(311)	1,222
Grace Building	Fund			18,630	(1,892)	16,738
Whitmore Reans Community			Project	17,890	(9,682)	8,208
Community Worker		-Telford		10,000	(2,000)	8,000
				104,257	(174,317)	(70,060)
TOTAL FUNDS				832,267	(884,604)	(52,337)

A current year	12m	onths and	pdior year 12	months combined po	sition is as follow	s:
					Net	Transfers
				At	movement	between	At
				1.10.18 6	in funds 6	funds f	30.9.20 6
Unrestricted	funds
General Fund				362,837	126,981	(63,949)	425,869
Restricted funds
Building Fund				966,750	(154,159)	73,509	886,100
Missions				9,326	(3,509)	12,499	18,316
Spiwe				1,847	1,372	9,444	12,663
Straits Community		Church		100,000	(258)	(10,415)	89,327
Grace Building	Fund				14,846	290	15,136
Whitmore Reans Community			Project		10,918	(13,378)	(2,460)
Community Worker		—Telford			8,000	(8,000)
				1,077,923	(122,790)	63,949	1,019,082
TOTAL FUNDS				1,440,760	4,191		1,444,951

A current year 12 m as follows:	onths and	prior year 12 months	combined net movement in	funds, included in	the above
			Incoming	Resources	Movement
			resources F	expended f	in funds 6
Unrestricted funds
General Fund			1,408,270	(1,281,289)	126,981
Restricted funds
Building Fund			55,183	(209,342)	(154,159)
Missions			46,379	(49,888)	(3,509)
Spiwe Straits Community	Church		2,665 19,938	(1,293) (20,196)	1,372 (258)
Grace Building Fund Whitmore Reans Community		Project	18,630 37,314	(3,784) (26,396)	14,846 10,918
Community Worker	—Telford		10,000	(2,000)	8,000
			190,109	(312,899)	(122,790)
TOTAL FUNDS			1,598,379	(1,594,188)	4,191