| Reference and administrative details |
2-3 | ||
|---|---|---|---|
| Report ofthe trustees | 4-3 | ||
| Report ofthe independent auditors |
13 | to | 16 |
| Consolidated statement offinancial activities |
17 | ||
| Parent charity statement offinancial activities | 18 | ||
| Consolidated statement offinancial position |
19 | ||
| Parent charity statement offinancial position |
20 | ||
| Consolidated statement ofcash flows |
21 | ||
| Notes to the statement ofcash tlows | 22 | ||
| Notes to the financial statements | 23 | to | 41 |
| Name | Position | ~Satar | Pension | 2020 | 2019 |
|---|---|---|---|---|---|
| Rev O. Afriyie | National Head |
f44,910 | 65,184 | f50,094 | f49,074 |
| Rev J.Sam Rev G.Korankye Rev KAppiah |
Area Head Area Head Area Head |
f34,554 f41,250 634,232 |
&,956 64,800 fNit |
639,510 f46,050 f39,630 |
f38,562 f45,192 f38,592 |
| Rev E.Danso | District Pastor | 634,914 | 64,716 | f34,914 | f38,796 |
| Rev K.Frimpong-Boadu | Secretary | 632,400 | 64,800 | f37,200 | KNil |
| Elder J.Adomako | Trustee | fNII | fNit | XNit | fNil |
| Elder A. Boateng Rev F0 Kwaah |
Trustee Area Head |
6NII 632,550 |
fNit f4,800 |
ENil f37,350 |
ZNil $37,950 |
| Rev E Donkor | Rector BCC | 629514 | 89 870 | E39384 | 627984 |
| K284 324 | 126 | f323 132 |
| Name | Position | 2020 | 2019 |
|---|---|---|---|
| Rev O. Afriyie | National Head |
f294 | X1,832 |
| Rev .J Sam | Area Head | XI00 | f540 |
| Rev G. Korankye | Area Head | XNil | f70 |
| Rev E.Danso | District Pastor | f65 | f116 |
| Elder J.Adomako | National Deacon | fNil | f50 |
| Rev E.Donkor | Rector BCC | f54 | 8207 |
| 8513 |
| Unrestricted | Restricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|---|
| fund | funds | funds | ||||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS FROM | |||||||
| Donations | and legacies | 2 | 5,580,197 | 281,574 | 5,861,771 | |||
| Charitable | activities | |||||||
| Church snd BCC | 146,389 | 146,389 | ||||||
| Investment | income | 3 | 1251 | 1 251 | ||||
| Total | 5,727,837 | 281,574 | 6,009,411 | |||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | |||||||
| Church | 6&7 | 4,778,063 | 4,778,063 | |||||
| Support cost | 6&7 | 113,156 | 113,156 | |||||
| Governance | 6&7 | 51,957 | 51,957 | |||||
| Total | 4,943,176 | 4,943,176 | ||||||
| NKT OPERATING INCOME | 784,661 | 281,574 | 1,066,235 | |||||
| Gain arising on acquisition | ofBCC | 5 | 356 035 | ~064 | 20 | 3 221 464 | ||
| Net income | 1,141,496 | 1,146,203 | 2,287,699 | |||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds | brought forward | 12,634,515 | 1,089,101 | 13,723,616 | ||||
| TOTAL FUNDS CA~ED | FORWARD | 13 776 011 | 2235 | 304 | 161111315 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | fund | funds | funds | ||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 2b | 5,575,948 | 281,574 | 5,857,522 | 6,851,186 | |
| Charitable | activities | 4 | |||||
| Church | 4b | 100,344 | 100,344 | 68,721 | |||
| Investment | income | 3 | 1,251 | 1,251 | 2,119 | ||
| Total | 5,677,543 | 281,574 | 5,959,117 | 6,922,026 | |||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Church | 4,756,428 | 4,756,428 | 5,799,757 | ||||
| Support Cost | 111,627 | 111,627 | 169,593 | ||||
| Governance | 49,821 | 49,821 | 43,475 | ||||
| Total | 4,917,876 | 4,917,876 | 6,012,825 | ||||
| NET INCOME | 759,667 | 281,574 | 1,041,241 | 909,201 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 12,634,515 | 1,089,101 | 13,723,616 | 12,814,415 | |||
| TOTAL FUNDS CARRIED FORWARD | 13 394 182 | 1276673 | 14764 837 | 13723 616 |
| 2020 | ||
|---|---|---|
| FIXEDASSETS | 8 | |
| Tangible assets | 12(a) | I(i,419,709 |
| CURRENT ASSETS | ||
| Debtors Guh at bank and in hand |
13(a) | 185,730 ~374 roll |
| 3,928,638 | ||
| CREDITORS | ||
| Amounts falling due within one year |
14 | (706,464) |
| NET CURRENT ASSKTS | ~322 174 |
|
| TOTAL ASSETSLESSCURRLi"NT | ||
| LIABILITIES | 19,641,883 | |
| CREDITORS | ||
| Amounts falling due alter more than one year |
15 | (3,630,568) |
| NKT ASSETS | ~lo.tt I I ' 15 |
|
| FUNDS | ||
| Unrestricted funds Restricted funds |
1L776,011 2,235,304 |
|
| TOTAL FUNDS | 17 | I6,011,119 |
| FIXEDASSETS | FIXEDASSETS | Notes | 2020 f |
2019 8 |
|---|---|---|---|---|
| Tangible meets | 12(b) | 15,196,690 | 15,036,205 | |
| CURRENT ASSETS | ||||
| Debtors | ||||
| Cash at bank and in hand | 13(b) | 177,234 | 158,131 | |
| 3,710,1817 | ~2689618 | |||
| 3,887,321 | 2,847,749 | |||
| CREDITORS | ||||
| Amounts lulling |
due within one year | 14(b) | (688,586) | (655,681) |
| NKT CURRENT ASSETS | ||||
| 3,1it8,735 | 2,192,068 | |||
| TOTAL ASSETS LFslg CURRENT | ||||
| LIABILJTIKS | ||||
| 18395425 | 17228 273 | |||
| CREDITORS | ||||
| Amounts falling |
due aller more than one year | 15 | (3,630,568) | (3,504,657) |
| NET ASSETS | ||||
| 14 76I.857 | 13.723,616 | |||
| FUNDS | ||||
| Unrestricted funds; |
18 | |||
| Cieneral fund |
||||
| Restricted funds: |
13,394,182 | 12,fi34,515 | ||
| Charitable activities |
~1370,675 | ~1089 101 | ||
| TOTAL FUNDS | ||||
| ~14 764 857 | ~13 723 616 |
| FOR THK | YEAR ENDED | 31 TDE E | ||
|---|---|---|---|---|
| 2020 | ||||
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations |
I | 1,920,012 | ||
| Interest paid | ~335,493 | |||
| Net cash provided by operating activities |
1 804 521 | |||
| Cash flows from investing | activities | |||
| Purchase oftangible fixed | assets | (934,807) | ||
| Cash from acquisition ofsubsidiary | 26,636 | |||
| Sale oftangible fixed assets | 2,749 | |||
| Interest received | 1 251 | |||
| Net cash used in investing | activities | ~904.1931 | ||
| Cash llows from financing | activities | |||
| New loans in year | 500,000 | |||
| Loan repayments in year |
(347,060) | |||
| Net cash provided by financing activities |
152940 | |||
| Change in cash and cash |
equivalents | in | ||
| the reporting period |
1,053,290 | |||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 2 689618 | ||
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
3 342,908 |
| RECONCILIATIO ACTIVITIES |
N OF NE |
T INCOME TO NET CASH FLOW | FROM OPERATI | |
|---|---|---|---|---|
| 2020 | ||||
| 1 | Net income for the | reporting | period (as per the Statement of | |
| financial activities) |
2,287,699 | |||
| Adjustments for: |
||||
| Gain on the acquisition ofsubsidiary | (1,221,464) | |||
| Depreciation charges |
761,856 | |||
| Profit on disposal offixed assets | (2,749) | |||
| Interest received | (1,251) | |||
| Interest paid | 115,491 | |||
| (Increase)/decrease | in debtors | (27,599) | ||
| Increase/(decrease) | in creditors | 8,029 | ||
| Net cash provided | by operations | I 920012 |
| ANALYSIS OF CHA | N | GES IN NET DEB | T | ||
|---|---|---|---|---|---|
| At 1.1.20 | Cash flow | At 31.12.20 | |||
| g | |||||
| Net cash | |||||
| Cash at bank and in hand | 2,689618 | 11153,290 | 3742908 | ||
| 2,689,618 | 1,053,290 | 3,742,908 | |||
| Debt | |||||
| Debts falling due within Debts falling due atter |
1 | 1 year year |
(448,223) ~3504.657 |
(27,030) ~125911 |
(475,253) ~3630 568 |
| ~3952 880 | ~152941 | ~4205 021 | |||
| Total net debt | ~1263 262 | 900.349 | ~362913 |
| GROUP DONATION | S AND LE |
GACIES | ||
|---|---|---|---|---|
| 2020 | ||||
| Tithes and offerings | 5,227,965 | |||
| Joint services offering | 17,309 | |||
| Gift aid receivable | 311,817 | |||
| Conferences &retreats | ||||
| Blankson Foundation | donations | 13,928 | ||
| Youth Ministry | 352 | |||
| Joint Ministries offering |
17,005 | |||
| Welfare disaster offering | 1,500 | |||
| BCCofferings | ||||
| Pension offering | 197 | |||
| Building Fund offering | 256,069 | |||
| Van offering | 11,380 | |||
| Donations received by |
Birmingham | Christian | College | 4,249 |
| 5 861 71 |
| CLASSIFICATION | OF GROUP DONATIONS | AND LEGACIES | AND LEGACIES | AND LEGACIES | |
|---|---|---|---|---|---|
| 2020 | |||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| g | g | ||||
| Tithes and offerings | 5,227,965 | 5,227,965 | |||
| Joint services offering | 17,309 | 17,309 | |||
| Gift aid receivable | 311,817 | 311,817 | |||
| Conference, retreats &seminar income |
|||||
| Blankson Foundation | donations | 13,928 | 13,928 | ||
| Youth Ministry and conference offerings |
352 | 352 | |||
| Joint Ministries offering |
17,005 | 17,005 | |||
| Welfare and disaster offerings | 1,500 | 1,500 | |||
| BCC offerings | |||||
| Pension offering | 197 | 197 | |||
| Donations received by |
BCC | 4,249 | 4249 | ||
| Building Fund offering | 256,069 | 256,069 | |||
| Van offering | 11,380 | 11,380 | |||
| 5 580 197 | 281 | 574 | ~5 61771 |
| 2b | PARENT CHA | RITY | DONAT | IONS AND |
LEGA | CIES | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||
| Unrestricted | Restricted | Total | Total | |||||||
| funds | funds | funds | funds | |||||||
| g | g | |||||||||
| Tithes and offerings | 5,227,965 | 5,227,965 | 5,722,832 | |||||||
| Joint services offering | 17,309 | 17,309 | 102,027 | |||||||
| Giff aid receivable | 311,817 | 311,817 | 323,767 | |||||||
| Conference, retreats k, seminar | income | 1,550 | ||||||||
| Blankson Foundation | donations | 13,928 | 13,928 | 17,152 | ||||||
| Youth Ministry | and conference | offerings | 352 | 352 | 230,169 | |||||
| Joint Ministries | offering | 17,005 | 17,005 | 96,022 | ||||||
| Welfare and disaster offerings | 1,500 | 1,500 | 6,821 | |||||||
| BCCofferings | 17,825 | |||||||||
| Pension offering | 197 | 197 | 22,709 | |||||||
| Building Fund offering | 256,069 | 256,069 | 308,012 | |||||||
| Van offering Offering - Masai |
for church | 11,380 | 11,380 | ~2300 | ||||||
| 5 575 | 948. | 287,574 | 5,857522 | 6857786 | ||||||
| 3. | INVESTMENT | INCOME | ||||||||
| 2020 | 2019 | |||||||||
| Deposit account | interest | 1,251 | 2,119 | |||||||
| 4a. | GROUP INCOME FROM CHARITABLE | ACTIVITIES | ||||||||
| 2020 | ||||||||||
| g | ||||||||||
| Other income | 38,679 | |||||||||
| COPUK Rental income | 68,306 | |||||||||
| BCCAcademic income | 21,729 | |||||||||
| BCC rental income | 17675 | |||||||||
| 4b PARENT CHARITY CHARITABLE ACTIVITIES | ||||||||||
| 2020 | 2019 | |||||||||
| Other income | 32,038 | 12,261 | ||||||||
| Rental income | ~68 06 | 56460 | ||||||||
| 100344 | 68 721 |
| Leasehold properties | 1,1170,433 | ||
|---|---|---|---|
| Plant and machinery | 40,119 | ||
| Cash &bank | 26,636 | ||
| Creditors due within | one year | ~15724 | |
| 1,221,464 | |||
| Consideration transferred |
nil | ||
| Gain on acquisition | ofsubsidiary | (BCC) | ~1221464 |
| The gain is | made up of: | ||
|---|---|---|---|
| Restricted reserves ofthe | subsidiary | 864,629 | |
| Unrestricted | reserves-designated | 23,453 | |
| Unrestricted | reserves-not | designated | 333382 |
| ~221464 |
| 6. | GROUP CHARITABLE | A | CTIVIT | IES COST | S | ||
|---|---|---|---|---|---|---|---|
| Direct | Support | ||||||
| Costs (see | costs | ||||||
| note 7) | Totals | ||||||
| Church | 4,778,063 | 4,778,063 | |||||
| Support cost Governance |
113,156 51957 |
113,156 ~51957 |
|||||
| 4,778,063 | 165,113 | 4,943,176 | |||||
| 7. | GROUP DIRECT COSTS | OF CHARITABLE | ACTIVITIES | ||||
| 2020 | |||||||
| Staff costs | 1,565,297 | ||||||
| Church plant &evangelism | 133,325 | ||||||
| Women's Ministry expenses |
13,577 | ||||||
| Children's Ministry expenses |
1,251 | ||||||
| Retreats and conferences | 37,271 | ||||||
| Gifts, welfare &donations | 248,635 | ||||||
| Premises expenses | 498,904 | ||||||
| Rent —churches &manses | 797,597 | ||||||
| Motor, travel, subsistence | and accommodation | 255,800 | |||||
| Presiding Elders expenses |
6,700 | ||||||
| Volunteer expenses |
13,840 | ||||||
| Equipment maintenance |
69,040 | ||||||
| PEMEM expenses | 500 | ||||||
| Education and sponsorship |
|||||||
| Donations to Birmingham |
Christian | College | 97,842 | ||||
| Congregational and general |
insurance | 63,502 | |||||
| Bank charges | 18,307 | ||||||
| Youth Ministry expenses |
8,342 | ||||||
| Audio visual expenses | 532 | ||||||
| Souvenirs &,calendars expenses |
10,400 | ||||||
| Blankson Foundation expenses |
5,650 | ||||||
| National Youth conference |
|||||||
| General charitable expenses |
2,954 | ||||||
| Depreciation and amortisation |
777,482 | ||||||
| Profit/(Loss) on disposal |
(2,749) | ||||||
| Interest payable and similar |
charges | 115,491 | |||||
| Communication costs |
16,012 | ||||||
| Freelance consultants | 7,851 | ||||||
| Validation and accreditation |
fees | 4,680 | |||||
| Course development and research |
5,992 | ||||||
| Other professional fees |
4038 | ||||||
| 4778063 |
| Governance | |||||||
|---|---|---|---|---|---|---|---|
| Other | costs | Totals | |||||
| Support | cost | 113,156 | 113,156 | ||||
| Governance | ~51957 | ~51 957 | |||||
| 111627 | 51 957 | 165,113 | |||||
| Support | costs, included | in the above, | are as follows: | ||||
| 2020 | |||||||
| Support | Total | ||||||
| cost | Governance | activities | |||||
| Training expenses |
18,056 | 18,056 | |||||
| General administration | expense | ||||||
| 609 | 609 | ||||||
| Travel and | subsistence | 1,837 | 1,837 | ||||
| Telephone | and internet | 37,586 | 37,586 | ||||
| Sottware and website | 29,531 | 29,531 | |||||
| Printing, postage and stationery |
25,537 | 25,537 | |||||
| Audit fees | 31,819 | 31,819 | |||||
| Trustees meeting expenses | 219 | 219 | |||||
| Compliance | expenses | 13 | 13 | ||||
| Legal and professional | fees | 19906 | 19906 | ||||
| 113156 | 51957 | 165 113 |
| Direct | Support | ||
|---|---|---|---|
| Costs (see | costs (see | ||
| note 6) | note 7) | Totals | |
| Church | 4,759,177 | 4,759,177 | |
| Support Cost | 111,627 | 111,627 | |
| Governance | 49,821 | 49 1121 | |
| 4769 177 | 161,448 | 4 929621 | |
| DIRECT COSTS OF CHARITABLE ACTIVITIES |
(PARENT CHARITY) | ||
| 2020 | 2019 | ||
| Staffcosts | 1,536,980 | 1,325,094 | |
| Church planting &evan gelism |
133,325 | 208,662 | |
| Women's Ministry expe nses |
13,577 | 65,954 | |
| Children's Ministry exp enses |
1,251 | 15,571 | |
| Retreats, conferences an d seminars |
37,242 | 133,670 | |
| Gigs, welfare and chari table donations |
210,462 | 87,818 | |
| Premises expenses | 498,904 | 368,196 | |
| Rent for churches &man ses |
797,597 | 1,266,331 | |
| Motor, travel, accommo dation &subsistence |
253,051 | 498,347 | |
| Presiding Elders expens es |
6,700 | 8,400 | |
| Volunteer expenses |
13,840 | 9,826 | |
| Equipment maintenance |
69,040 | 77,471 | |
| PEMEM expenses | 500 | 23,186 | |
| Education and sponsorship |
1,850 | ||
| Birmingham CoBege donation |
204,432 | 141,562 | |
| Congregational insurance |
58,874 | 54,596 | |
| Bank charges | 18,177 | 21,435 | |
| Youth Ministry expenses |
8,342 | 24,856 | |
| Audio visual expenses | 532 | 3,942 | |
| Souvenirs &calendars expenses |
10,400 | 10,221 | |
| Blankson Foundation expense |
5,650 | 1,200 | |
| Gain on disposal offixed assets | (2,749) | (5,152) | |
| National Youth conference |
521,483 | ||
| General charitable expenses |
2,954 | ||
| Depreciation | 761,856 | 783,524 | |
| interest payable and similar charges |
115,491 | 146,312 | |
| 4756428 | 5 799757 |
| SUPPO | RT COSTS -P | ARENT ONLY | |||||
|---|---|---|---|---|---|---|---|
| Governance | |||||||
| Other | costs | Totals | |||||
| g | |||||||
| Support | cost | 111,627 | 111,627 | ||||
| Governance | ~49 821 | 49,821 | |||||
| 111,627 | ~49 821 | ~161448 | |||||
| Support | costs, included | in the above, are as follows; | |||||
| 2020 | 2019 | ||||||
| Support | Total | Total | |||||
| cost | Governance | activities | activities | ||||
| g | |||||||
| Training | expenses | 18,056 | 18,056 | 51,986 | |||
| General | administration | expense | 234 | 234 | 27,974 | ||
| Travel and subsistence | 730 | 730 | 175 | ||||
| Printing, | postage &stationery | 25,490 | 25,490 | 45,179 | |||
| Telephone and internet |
37,586 | 37,586 | 33,532 | ||||
| Software | and website | 29,531 | 29,531 | 10,747 | |||
| Audit fees | 31,819 | 31,819 | 28,500 | ||||
| Trustees | meeting expenses | 219 | 219 | 2,929 | |||
| Compliance expenses |
13 | 13 | 265 | ||||
| Legal and professional | fees | 17770 | 17770 | ll 781 | |||
| 111 | 627 | 49 821 | 161448 | 213 068 |
| 2020 | 2019 |
|---|---|
| 761,855 | 783,524 |
| ~2,749) | ~5,152) |
| GRO | UP STAFF COSTS | |
|---|---|---|
| 2020 | ||
| Wages | and salaries | 1,349,926 |
| Social | security costs | 11,755 |
| Other | pension costs | 175,299 |
| Other | staff costs-BCC | 28,317 |
| 1 565297 |
| 2020 | 2019 | |
|---|---|---|
| Pastors | 38 | 38 |
| Finance | 3 | 6 |
| Administrative | 15 | 10 |
| Academic staff | 1 | |
| 57 | 54 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Wages and salaries | 1,349,926 | 1,151,219 | ||||
| Social security costs | 11,755 | 11,168 | ||||
| Other pension costs | 175,299 | 162,707 | ||||
| 1536,980 | 1325094 | |||||
| The | average monthly number |
ofemployees | during the year was as | follows: | ||
| 2020 | 2019 | |||||
| Pastors | 38 | 38 | ||||
| Finance | 3 | 6 | ||||
| Administrative | 14 | 10 | ||||
| 55 | 54 | |||||
| No employees received emoluments |
in excess off60,000. | |||||
| 12. | GROUP TANGIBLE FIXEDASSETS | |||||
| Freehold | Long | Plant and | ||||
| property | leasehold | machinery | ||||
| g | ||||||
| COST | ||||||
| At 1st January 2020 | 14,871,774 | 1,873,217 | 1,212,699 | |||
| Acquisitions through |
Charity Combination | 1,170,433 | 40,119 | |||
| Additions | 710,648 | 6,789 | 55,841 | |||
| Disposals | ||||||
| At 31stDecember 2020 | 15,582,422 | 3,050,439 | 1,308,659 | |||
| DEPRECIATION | ||||||
| At 1st January 2020 | 2,276,721 | 401,491 | 862,298 | |||
| Charge for year | 263,404 | 37,464 | 169,653 | |||
| Eliminated on disposal |
||||||
| At 31stDecember 2020 | 2540125 | 438955 | 1031951 | |||
| NET BOOK VALUE | ||||||
| At 31stDecember 2020 | 13,042,297 | 2,611.484 | 276.708 | |||
| At 31stDecember 2019 | 12 595 053 | 1471726 | 350401 |
| 12. | GROUP TANGIBLE FIXEDASSETS - continued | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Motor | |||
| fittings | vehicles | Totals | ||
| g | ||||
| COST | ||||
| At 1st January 2020 | 1,372,258 | 723,272 | 20,053,220 | |
| Additions Disposais |
29,690 | 131,839 ~22 538) |
2,145,359 ~22.538) |
|
| At 31stDecember 2020 | 1 401 948 | 832 573 | 22 176041 | |
| DEPRECIATION | ||||
| At 1st January 2020 | 859,553 | 616,952 | 5,017,015 | |
| Charge for year Eliminated on disposal |
202,945 | 88,389 ~22,530) |
761,855 ~22 530) |
|
| At 31stDecember 2020 | 1062498 | 682 803 | 5 756 332 | |
| NET BOOK VALUE | ||||
| At 31st December 2020 | 339450 | 149,770 | 16419709 | |
| At 31stDecember 2019 | 512,705 | 106,320 | 15,036,205 | |
| 12b | PARENT CHARITY TANGIBLE FIXEDASSETS | |||
| Freehold | Long | Plant and | ||
| property | leasehold | machinery | ||
| g | ||||
| COST | ||||
| At 1st January 2020 | 14,871,774 | 1,873,217 | 1,212,699 | |
| Additions | 710,648 | 58,908 | ||
| Disposals | ||||
| At 31stDecember 2020 | 15,582,422 | 1.873,217 | 1,271607 | |
| DEPRECIATION | ||||
| At 1st January 2020 | 2,276,721 | 401,491 | 862,298 | |
| Charge for year | 263,404 | 37,464 | 169,653 | |
| Eliminated on disposal |
||||
| At 31stDecember 2020 | 2 540125 | 438 955 | 1031951 | |
| NET BOOK VALUE | ||||
| At 31stDecember 2020 | 13,042297 | 1434262 | 239656 | |
| At 31stDecember 2019 | 12,595,053 | 1,471,726 | 350,401 |
| PARENT CHARITY TANGIBLE FIXE | DASSETS- continued | ||
|---|---|---|---|
| Fixtures | |||
| and | Motor | ||
| fittings | vehicles | Totals | |
| g | g | ||
| COST | |||
| At 1stJanuary 2020 | 1,372,258 | 723,272 | 20,053,220 |
| Additions Disposals |
20,945 | 131,839 ~22 538) |
922,340 ~22 538) |
| At 31stDecember 2020 | 1393203 | 832 573 | 20 953 022 |
| DEPRECIATION | |||
| At 1stJanuary 2020 | 859,553 | 616,952 | 5,017,015 |
| Charge for year Eliminated on disposal |
202,945 | 88,389 ~22.538) |
761,855 ~22 538) |
| At 31stDecember 2020 | 1,062,498 | 682,803 | 5 756 332 |
| NKT BOOK VALUE | |||
| At 31stDecember 2020 | 330705 | 149770 | 15 196690 |
| At 31st December 2019 | 512.7115 | 106320 | 15036205 |
| GROUP D | EBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | 2020 |
| 8 | ||
| Other debtors | 8,496 | |
| Gift aid | 120,000 | |
| Staff loan | 10,111 | |
| Prepayments | and accrued income | 47 123 |
| 185730 |
| 2019 | 2020 | |||
|---|---|---|---|---|
| Other debtors | 24,625 | |||
| Gilt aid | 120,000 | 70,000 | ||
| Staff loan | 10,111 | 15,025 | ||
| Rent deposits | 3,250 | |||
| Prepayments | 47 123 | 45,231 | ||
| 177234 | 158 131 | |||
| GROUP CREDITORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | ||||
| 8 | ||||
| Bank loans and overdrafts | (see note 16) | 475,253 | ||
| Other creditors | 200,306 | |||
| Accruals and deferred | income | ~30905 |
| 14b. | CRKDITORSt AMOUNTS FALLING DUE WITHIN ONE YEAR (PARENT CHARITY) | CRKDITORSt AMOUNTS FALLING DUE WITHIN ONE YEAR (PARENT CHARITY) | CRKDITORSt AMOUNTS FALLING DUE WITHIN ONE YEAR (PARENT CHARITY) | CRKDITORSt AMOUNTS FALLING DUE WITHIN ONE YEAR (PARENT CHARITY) | CRKDITORSt AMOUNTS FALLING DUE WITHIN ONE YEAR (PARENT CHARITY) |
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| 8 | |||||
| Bank loans and overdrafts | (see note 16) | 475,253 | 448,223 | ||
| Other creditors | 182,429 | 182,232 | |||
| Accruals and deferred | income | 30,904 | 25,226 | ||
| 688 586 | 655 681 | ||||
| 15. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||
| 2020 | 2019 | ||||
| Bank loans (see note | 16) | 3,630,568 | 3,504,657 |
| 2020 | 2019 | ||
|---|---|---|---|
| 6 | |||
| Amounts | falling due within one year on demand: | ||
| Bank loans | 475 253 | ~448 223 | |
| Amounts | falling due between two and five years: | ||
| Bank loans - 2-5 years | 3630568 | ~3504 57 |
| 2020 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| fund | fund | funds | |
| g | |||
| Fixed assets | 14,184,405 | 1,953,730 | 16,138,135 |
| Current assets | 3,928,638 | 281,574 | 4,210,212 |
| Current liabilities Long term liabilities |
(706,464) ~3,630 568) |
(706,464) ~3630560) |
|
| 13 776,011 | 2,235.304 | 16,011,315 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| fund | fund | funds | funds | |
| Fixed assets | 13,826,015 | 1,089,101 | 14,915,116 | 15,036,205 |
| Current assets | 3,887,321 | 281,574 | 4,168,895 | 2,847,749 |
| Current liabilities Long term liabilities |
(688,686) ~3,630 560) |
(688,586) ~3.630 5681 |
(655,681) ~33.50044,,6577) |
|
| 13 394 182 | 1 370 675 | 14764,857 | 13,723,616 |
| GROUP | MO | VEMENT IN FUNDS | ||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.1.20 | iu funds | 31.12.20 | ||||
| 0 | ||||||
| Unrestricted | funds | |||||
| General fund | 12,634,515 | 1,141,496 | 13,776,011 | |||
| Restricted | funds | |||||
| Restricted | Fund | 1,089,101 | 1,146,203 | 2,235,304 | ||
| TOTAL FUNDS | 13723 616 | 2287 699 | ~16011 | 15 |
| Net movement in funds, included |
in the above are as follows: | ||||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 6,084,672 | (4,943,176) | 1,141,496 | ||
| Restricted funds |
|||||
| Restricted Fund | 1,146,203 | 1,146,203 | |||
| TOTAL FUNDS | 7 23D875 | ~4't43 1761 | 2 287699 | ||
| 18(1)) | PARENT CHARITY MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.20 | in funds | 31.12.20 | |||
| Unrestricted funds |
|||||
| General fund |
12,634,515 | 759,667 | 13,394,182 | ||
| Restricted funds | |||||
| Restricted Fund | 1,089,101 | 281,574 | 1,370,675 | ||
| TOTAL FUNDS | 13723616 | ~16412 1 |
~147 57 |
| Incoming | Resources | Movement | |||||
|---|---|---|---|---|---|---|---|
| resources | expended | in funds | |||||
| 8 | |||||||
| Unrestricted funds |
|||||||
| General fund |
5,677,543 | (4,917,876) | 759,667 | ||||
| Restricted funds |
|||||||
| Restricted Fund | 281,574 | 281,574 | |||||
| TOTAL FUNDS | 5,959,117 | 54.957.8701 | I 041 241 | ||||
| PARENT CHARITY Comparatives | for movement | in funds | |||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.1.19 | in funds | funds | 31.12.19 | ||||
| Unrestricted funds |
|||||||
| General fund |
11,730,496 | 562,529 | 341,490 | 12,634,515 | |||
| Restricted funds |
|||||||
| Restricted Fund |
1,083,919 | 346,672 | (341,490) | 1,089,101 | |||
| TOTAL FUNDS | 12814 | 415 | 909 201 | 13,723,616 | |||
| Comparative net movement |
in funds, | included | in the | above are | as follows: | ||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| 8 | |||||||
| Unrestricted funds |
|||||||
| General fund |
6,554,028 | (5,991,499) | 562,529 | ||||
| Restricted funds | |||||||
| Restricted Fund | 367,998 | (21,326) | 346,672 | ||||
| TOTAL FUNDS | 6,922,026 | (6,012,825) | 909,201 |
| Fund | As at 1.1.20 | Incoming | Acquistion | As at 31.12.20 |
|---|---|---|---|---|
| Blankson Foundation | 63,541 | 13,928 | 77,469 | |
| Building Fund | 885,055 | 256,069 | 864,629 | 2,005,753 |
| Motor Van offering | 11,380 | 11,380 | ||
| Retirement | 140,505 | 197 | 140,702 | |
| 81,089,101 | 8281,574 | 8864,629 | f2,235,304 |
| Fund | As at 1.1.20 | Incoming | As at31.12.20 |
|---|---|---|---|
| Blankson Foundation | 63,541 | 13,928 | 77,469 |
| Building Fund | 885,055 | 256,069 | 1,141,124 |
| Motor Van offering | 11,380 | 11,380 | |
| Retirement | 140,505 | 197 | 140,702 |
| Xl,089,101 | 8281,574 | 81,370,675 |
| COMMITMKNT UNDER OPERA |
COMMITMKNT UNDER OPERA |
COMMITMKNT UNDER OPERA |
TING L | EASE | ||
|---|---|---|---|---|---|---|
| The subsidiary charity, Birmingham |
Christian | College had annual commitments |
under non-cancellable | leases: | ||
| 2020 | 2019 | |||||
| Equipment | Equipment | |||||
| g | ||||||
| Operating | lease payments | are as follows: | ||||
| Within one year | 9,157 | 9,157 | ||||
| In one to | two years | 9,157 | 9,157 | |||
| ln two to | five years | 15518 | 24 641 | |||
| 33 832 | 42 855 |