##
|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|
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|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**.5**0044,,**65**77)|
||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||