Charity number: 1123909 (England and Wales) CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Report of the Trustees and Unaudited Financial Statements For the period 01 April 2020 to 31 December 2020 CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Contents Page For the period 01 April 2020 to 31 December 2020 |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Activities|9| ## CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Report of the Trustees ## For the period 01 April 2020 to 31 December 2020 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the period ended 31 December 2020. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD **Charity registration number** 1123909 **Principal address** REAR OF 42-44 NORWOOD HIGH STREET LONDON SE27 9NR ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Sori Balde Jackson Antonio Adriana Antonio Adilson de Freitas Approved by the Board of Trustees and signed on its behalf by ............................................................................. Adilson de Freitas 1 of 9 CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Independent Examiners Report to the Trustees For the period 01 April 2020 to 31 December 2020 There are no Examiners in this set of Client Accounts. Either remove the page or add examiners to the accounts. 2 of 9 ## CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD ## Statement of Financial Activities (including Income and Expenditure Account) For the period 01 April 2020 to 31 December 2020 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Other trading activites
3
Investments
4
**Total**
**Expenditure on:**
Raising funds
5/6
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
1,006,809
313,230
-
**1,320,039**
(897,982)
**(897,982)**
**422,057**
378,334
**800,391**|**31/3/2020**
**£**
1,430,474
-
56,733| |---|---|---| |||**1,487,207**| |||(1,313,020)| |||**(1,313,020)**| |||**174,187**
204,147| |||**378,334**| 3 of 9 ## CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Statement of Financial Position ## As at 31 December 2020 |**Notes**
**Fixed assets**
Tangible assets
11
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
12
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
13
**Total funds**|**£**
**31/12/2020**
9,944
**9,944**
791,442
**791,442**
(995)
**790,447**
**800,391**
**800,391**
800,391
**800,391**|**£**
**31/3/2020**
17,523| |---|---|---| |||**17,523**| |||381,802| |||**381,802**| |||(20,991)
**360,811**| |||**378,334**| |||**378,334**| |||378,334| |||**378,334**| For the period 01 April 2020 to 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: 4 of 9 ## CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD ## Notes to the Financial Statements For the period 01 April 2020 to 31 December 2020 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** ## **2. Income from donations and legacies** ||**31/12/2020**|**31/03/2020**| |---|---|---| ||**£**|**£**| |**Unrestricted funds**||| |Donations received|964,044|1,430,474| |Legacies received|42,733|-| |Subscriptions received|32|-| ||**1,006,809**|**1,430,474**| |**ncome earned from other activities**||| ||**31/12/2020**|**31/03/2020**| ||**£**|**£**| |**Unrestricted funds**||| |Fund raising events|313,230|-| ||**313,230**|**-**| |**nvestment income**||| ||**31/12/2020**|**31/03/2020**| ||**£**|**£**| |Gift aid from UK subsidiary|-|56,733| |undertakings||| ||**-**|**56,733**| ## **3. Income earned from other activities** ## **4. Investment income** 5 of 9 ## CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Notes to the Financial Statements Continued ## For the period 01 April 2020 to 31 December 2020 ## **5. Expenditure on generating donations and legacies** |**Unrestricted funds**
Donations
Legacies
Subscriptions
Support costs
**xpenditure on other trading activities**
Fund raising events
**nalysis of support costs**
Management
Support cost 5
Governance costs|**31/12/2020**
**£**
652,265
154,602
14,927
76,188
**897,982**
**31/12/2020**
**£**
-
**-**
**31/12/2020**
**£**
7,580
-
68,608
**76,188**|**31/03/2020**
**£**
318,497
-
107,863
656,104| |---|---|---| |||**1,082,464**| |||**31/03/2020**
**£**
230,556| |||**230,556**| |||**31/03/2020**
**£**
30,557
74,903
550,644| |||**656,104**| ## **6. Expenditure on other trading activities** ## **7. Analysis of support costs** ## **8. Net income/(expenditure) for the period** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**31/12/2020**|**31/3/2020**| ||**£**|**£**| |Depreciation of owned fixed assets|7,580|7,580| |Accountancy fees|-|2,268| |Operating lease charges - hire of plant and machinery|-|25,897| |Staff pension contributions|-|4,753| 6 of 9 ## CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Notes to the Financial Statements Continued For the period 01 April 2020 to 31 December 2020 ## **9. Staff costs and emoluments** Total staff costs for the period 01 April 2020 to 31 December 2020 were: |Salaries and wages
Pension costs|**31/12/2020**
**£**
299,070
-
**299,070**|**31/3/2020**
**£**
171,102
4,753| |---|---|---| |||**175,855**| ## **10. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **11. Tangible fixed assets** ||**Plant and**|**Fixtures and**|| |---|---|---|---| |**Cost or valuation**|**Machinery**|**Fittings**|**Total**| ||**£**|**£**|**£**| |At 01 April 2020|60,636|167,048|227,684| |At 31 December 2020|**60,636**|**167,048**|**227,684**| |**Depreciation**|||| |At 01 April 2020|43,113|167,048|210,161| |Charge for period|7,580|-|7,580| |At 31 December 2020|**50,692**|**167,048**|**217,740**| |**Net book values**|||| |At 31 December 2020|**9,944**|**-**|**9,944**| |At 31 March 2020|**17,524**|**-**|**17,524**| ## **12. Creditors: amounts falling due within one year** |Trade creditors
Other creditors|**31/12/2020**
**£**
995
-
**995**|**31/3/2020**
**£**
995
19,996| |---|---|---| |||**20,991**| 7 of 9 ## CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Notes to the Financial Statements Continued For the period 01 April 2020 to 31 December 2020 ## **13. Movement in funds** ## **Unrestricted Funds** ||**Balance at**|**Incoming**|**Incoming**|**Outgoing**|**Balance at**| |---|---|---|---|---|---| ||**01/04/2020**|**resources**||**resources**|**31/12/2020**| ||**£**|**£**||**£**|**£**| |_General_|||||| |General|378,334|1,320,039||(897,982)|800,391| ||**378,334**|**1,320,039**||**(897,982)**|**800,391**| |**Unrestricted Funds - Previous year**|||||| ||**Balance at**|**Incoming**||**Outgoing**|**Balance at**| ||**12/04/2019**|**resources**||**resources**|**31/03/2020**| ||**£**|**£**||**£**|**£**| |_General_|||||| |General|204,147|1,487,207|
(1,313,020)||378,334| ||**204,147**|**1,487,207**|
**(1,313,020)**||**378,334**| |**Analysis of net assets between funds**|||||| |||**Tangible**||**Net current**|**Net Assets**| |||**fixed assets**||**assets /**|| |||||**(liabilities)**|| ||||**£**|**£**|**£**| |**Unrestricted funds**|||||| |_General_|||||| |General|||9,944|790,447|800,391| ||||**9,944**|**790,447**|**800,391**| |**Previous year**|||||| |||**Tangible**||**Net current**|**Net Assets**| |||**fixed assets**||**assets /**|| |||||**(liabilities)**|| ||||**£**|**£**|**£**| |**Unrestricted funds**|||||| |_General_|||||| |General|||17,523|360,811|378,334| ||||**17,523**|**360,811**|**378,334**| ## **14. Analysis of net assets between funds** 8 of 9 ## CATHEDRAL INTERNATIONAL - ASSEMBLY OF GOD Detailed Statement of Financial Activities ## For the period 01 April 2020 to 31 December 2020 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Legacies
Subscriptions
**Other trading activities**
Fund raising events
**Investments**
Gift aid from subsidiary undertakings
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Donations
Legacies
Subscriptions
**Other trading activities**
Fund raising events costs
**SUPPORT COSTS**
**Management**
Management
**Support cost 5**
Support cost 5
**Governance costs**
Governance costs
**Total resources expended**
**Net Income**|**£**
**31/12/2020**
964,044
42,733
32
**1,006,809**
313,230
**313,230**
-
**-**
**1,320,039**
(652,265)
(154,602)
(14,927)
**(821,794)**
-
**-**
(7,580)
**(7,580)**
-
**-**
(68,608)
**(68,608)**
**(897,982)**
**422,057**|**£**
**31/3/2020**
1,430,474
-
-| |---|---|---| |||**1,430,474**
-| |||**-**
56,733| |||**56,733**| |||**1,487,207**
(318,497)
-
(107,863)| |||**(426,360)**
(230,556)| |||**(230,556)**
(30,557)| |||**(30,557)**
(74,903)| |||**(74,903)**
(550,644)| |||**(550,644)**| |||**(1,313,020)**| |||**174,187**| 9 of 9 This page does not form part of the statutory financial statements