##
|||||Page|Page||
|---|---|---|---|---|---|---|
|Reference and administrative||details|||||
|Report ofthe trustees|||2|to|13||
|Report ofthe independent
auditors|||14|to||17|
|Statement offinancial|activities||18||to|19|
|Statement offinancial|position||20||to 21||
|Statement ofcash flows
and notes|||22||to 25||
|Notes to the linancial|statements||26|to|42||
|Detailed statement of|financial|activities|43|to|44||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Name|Position|Position|Salary
f|Employer
f|Pension|2021|2020|
|---|---|---|---|---|---|---|---|
||National|||||||
|Rev0Afriyie|Head||46,212|5,379||51,591|50,094|
|Rev JSam|Area|Head|36,120|5,146||41,266|39,510|
|Rev G Korankye|Area|Head|42,366|5,055||47,421|46,050|
|Rev KAppiah|Area|Head|Nil|Nil||Nil|34,232|
||District|||||||
|Rev EDanso|Pastor||36,228|4,891||41,119|39,630|
||Nat.|||||||
|Rev KFrempong|Secretary||33,066|4,980||38,046|37,200|
|Rev F Kwaah|Area|Head|Nil|4,980||4,980|37,350|
|Rev EDonkor|Rector BCC||27,799|9,870||37,669|39,384|
|Elder JAdomako|Deacon||Nil|Nil||Nil|Nil|
|Rev EYAppiah|Trustee||f33966|f~498||QS946|Nil|
||||f255,757|f45,281||f301,038|f323,450|
|Trustees were reimbursed||expenses|for the year as shown below:|||||
|Name||2021||2020||||
|||f||||||
|Rev0Afriyie||5,660||294||||
|Rev JSam||100||100||||
|Rev G Korankye||Nil||Nil||||
|Rev EDanso||65||65||||
|Elder JAdomako||Nil||Nil||||
|Rev EDonkor||54||54||||
|||f5,660||f513||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes||8|||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations
and legacies||2a|6,336,145|283,698|6,619,843|5,861,771|
|Charitable
activities|||||||
|Church||4a|70,167||70,167|103,093|
|BCCCollege||4a|287,835||287,835|43,296|
|Investment
income||3|229||229|1 251|
|Total|||6,694,376|283,698|6,978,074|6,DD9411|
|EKPENDITURE ON|||||||
|Charitable
activities|||||||
|Church|||4,666,306|10,400|4,676,706|4,504,480|
|Support cost|||144,725||144,725|113,156|
|Governance|||90,298||90,298|58,385|
|BCCCollege|||394,186||394,186|267,155|
|Total|||5 295 515|10,400|5,305,915|4,943,176|
|Gain on acquisition ofsubsidiary||21||||1221 464|
|NKT INCOME|||1,398,861|273,298|1,672,159|2,287,699|
|RECONCILIATION|OFFUNDS||||||
|Total funds brought|forward||13,776,011|2,235,304|16,011,315|13,723,616|
|TOTAL FUNDS CARRIFO FORW ADO|||15 174 072|2 5D8 6D2|17683 474|16011315|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|fund|funds|funds|
||||Notes|f.||8||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||2c|6,335,964|283,698|6,619,662|5,857,522|
|Charitable|activities||4|||||
|Church|||4b|70,167||70,167|100,344|
|Investment|income||3|229||229|1251|
|Total||||6 4D6 36D|283 698|6698D58|5 959117|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Church||||4,943,793|10,400|4,954,193|4,756,428|
|Support Cost||||193,508||193,508|111,627|
|Governance||||90,298||90,298|49,821|
|Total||||5,227,599|10,400|5,237,999|4,917,876|
|NKT INCOME||||1,178,761|273,298|1,452,059|1,041,241|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||forward||13,394,182|1,370,675|14,764,857|13,723,616|
|TOTALDDNDDCARR3EODORTDARO||||14,572,943|1643,973|16,216,916|14,764,857|
##
|||2021||
|---|---|---|---|
|FIXED ASSETS||||
|Tangible assets|1la|17,140,526|16,419,709|
|CURRENT ASSETS||||
|Debtors
Cash at bank|12a|606,595
~3699470|185,'730
3,74'2,908|
|||4306,065|3,928,638|
|CREDITORS||||
|Amounts
falling due within one year|13|(576,703)|(706,464)|
|NET CURRENT ASSETS||3,72o 362|3322.t74|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||20,869,888|19,641,883|
|CREDLTORS||||
|Amounts
falling due ager more than ooe year|15|(3,186,414)|(3,630468)|
|NKT ASSETS||17683374|~16 011,315|
|FUtvTIS|17|||
|Unresndeted
funds
Restrioted
funds||15,174,872
2,508602
J—|13,776,011
2,235s304|
|TOTAL FUNDS||17683 4741|~16011,315|
##
|||2EII|2020|
|---|---|---|---|
|FIXEDASSETS|Notes|f,|8|
|Tangible assets|11(b)|15,760,823|15,196,690|
|CURRENT ASSETS||||
|Debtors
Cash at bank|12(b)|518,739
~366
102|177,234
~3710087|
|||4,186,841|3,88'7,321|
|CREDITORS||||
|Amounts
falling due within one year|13(b)|(544,334)|(688,586)|
|NET CURRENT ASSETS||3642 507|~3198735|
|TOTAI ASSETSLESSCURRENT||||
|LIABILITIES||19,403,330|18,395,425|
|CREDITORS||||
|Amounts
falling due after more than one year|14|(3,186,414)|(3,630,568)|
|NET ASSETS||~16216916|~14764 857|
|FUNDS|17|||
|Unrestricted
funds:||||
|General fund
Restricted funds:||idy72,943|13394,182|
|Charitable
activities||3333973|339379|
|TOTAL FUNDS||16,216916|~14.764 857|
##
||FOR THE|YEAR ENDED 3|1STDECEMBER2021|1STDECEMBER2021||
|---|---|---|---|---|---|
||||2021||2020|
|||Notes||||
|Cash flows from operating|activities|||||
|Cash generated
from operations
Interest paid||I|2,161,463
~112705||1,920,012
~115,491|
|Net cash provided
by operating
activities|||~2048|758|~1804521|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed assets|||(1,508521)||(934,807)|
|Sale oftangible fixed assets|||4,502|||
|Cash from acquisition ofsubsidiary|||||26,636|
|Sale offixed asset investments|||||2,749|
|Interest received||||229|1,251|
|Net cash used in investing
activities|||~1503|790)|~904 171)|
|Cash flows from flnancing|activities|||||
|New loans in year|||||500,000|
|Loan repayments
in year|||~580|406|~347060|
|Net cash (used in)/provided|by financing|activities|~508|4061|~152940|
|Change in cash and cash|equivalents|in||||
|the reporting
period|||(43,438)||1,053,290|
|Cash and cash equivalents|at the|||||
|beginning ofthe reporting|period||~374|9D8|2,689,618|
|Cash and cash equivalents|at the end|of||||
|the reporting
period|||3 699 47D||~3742,908|
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f||
|Net income|for the|reporting|period (as per the Statement|of||||
|financial activities)||||||1,672,159|2,287,699|
|Adjustments|for:|||||||
|Depreciation|charges|||||794,450|761,856|
|Gain on acquisition||ofsubsidiary|||||(1,221,464)|
|Profit on disposal offixed assets||||||(11,248)|(2,749)|
|Interest received||||||(229)|(1,251)|
|Interest paid||||||112,705|115,491|
|Increase in debtors||||||(420,865)|(27,599)|
|Increase in creditors||||||14,491|8,029|
|Net cash provided||by operations||||~2161463|~1920012|
|ANALYSIS|OF CHANGES||IN NET (DEBT)/FUNDS|||||
|||||At|1.1.21
f|Cash Bow
f|At 31.12.21|
|Net cash||||||||
|Cash at bank|and in|hand||3,742, 9tl8||~43430|3,699,47tl|
|||||3,742,908||~43,438|3,699,470|
|Debt||||||||
|Debts falling|due within I year|||(475353)||144,252|(331,001)|
|Debts falling|due atter I year|||~3630568||444,154|~3306414|
|||||~4305S21||5884116|~3537435|
|Total||||~362913||544,968|IS20S5|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|8||
|Cash flows from operating||activities|||||
|Cash generated
from operations
Interest paid|||(lb)||1,941,590
~772 705|1,904,109
~735.497|
|Net cash provided by operating
activities|||||1,828 885|1,788,618|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(1,313,053)|(922,340)|
|Sale oftangible fixed assets|||||4,502||
|Interest received|||||229|51|
|Net cash used in investing|activities||||il 3083223|921 089|
|Cash flows from financing||activities|||||
|New loans in year||||||500,000|
|Loan repayments
in year|||||(562,548)|(340,931)|
|Net cash (used in)/provided||by financing||activities|~563254)|152,940|
|Change in cash and cash|equivalents||in||||
|the reporting
period|||||(41,985)|1,020,469|
|Cash and cash equivalents||at the|||||
|beginning
ofthe reporting||period|||3,710,087|2,689,618|
|Cash and cash equivalents||at the end of|||||
|the reporting
period|||||3 668 102|3.710,087|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Net income|for the|reporting|period (as per the Statement|of||||
|financial activities)||||||1,452,059|1,041,241|
|Adjustments|for:|||||||
|Depreciation|charges|||||755,666|761,856|
|Profit on disposal offixed assets||||||(11,248)||
|Interest received||||||(229)|(1,251)|
|Interest paid||||||112,705|115,491|
|Increase in debtors
(Decrease)/increase||in creditors||||(341,505)
~25 858|(19,103)
5,875|
|Net cash provided||by operations||||1941,590|1,904,109|
|ANALYSIS|OFCHANGES IN NET (DEBT)/FUNDS|||||||
|||||At|1.1.21|Cash flow|At31.12.21|
||||||f|f||
|Net cash||||||||
|Cash at bank|and in|hand||3,710,087||~41 985|3,668, 102|
|||||3710087||~41 905|3 668,102|
|Debt||||||||
|Debts falling|due within I year|||(475,253)||118,394|(356,859)|
|Debts falling|due after I year|||~3630568||444 154|~3186414|
|||||~4105021||562,548|~3543573,|
|Total||||~39573~||520563|124829|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|DONATIONS
AND|LEGACIES|||
|---|---|---|---|
|||2021|2020|
|||8||
|Tithes and offerings||5,927,236|5,227,966|
|Joint services offering||58,653|17,309|
|Gift aid receivable||300,000|311,817|
|Blankson Foundation|donations|7,093|13,928|
|Joint Ministries
offering||50,076|17,357|
|Welfare and disaster offering|||1,500|
|Pension offering||15,118|197|
|Building Fund offering||246,493|256,069|
|Van offering|||11,380|
|BCCOfferings||14,994||
|Donations
received by|BCC|180|4,249|
|||6619843|5 861 772|
##
##
|CLASSIFICATION|OF GROUP D|ONATIONS
AND LE|GACIES|||
|---|---|---|---|---|---|
|||||2021|2020|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||f.||8|8|
|Tithes and offerings||5,927,236||5,927,236|5,227,965|
|Joint services offering||58,653||58,653|17,309|
|Gift aid receivable||300,000||300,000|311,817|
|Blankson Foundation|donations||7,093|7,093|13,928|
|Joint Ministries
offering||50,076||50,076|17,357|
|Welfare and disaster offerings|||||1,500|
|BCCofferings|||14,994|14,994||
|Donations
received by|BCC|||180|4,249|
|Pension offering|||15,118|15,118|197|
|Building Fund offering|||246,493|246,493|256,069|
|Van offering|||||11,380|
|||6,335,965|283,878|6,619,843|5,861 772|
##
##
|2b.
DONA|TION|S
AND LEGACIES|OFPARENT C|HARITY|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||f|8|8||
|Tithes and offerings|||5,927,236||5,927,236|5,227,965|
|Joint services offering|||58,653||58,653|17,309|
|C2itt aid receivable|||300,000||300,000|311,817|
|Blankson Foundation||donations||7,093|7,093|13,928|
|Youth Ministry|and conference offerings||296||296|352|
|Joint Ministries|offering||49,780||49,780|17,005|
|Welfare and disaster offerings||||||1,500|
|BCCofferings||||14,994|14,994||
|Pension offering||||15,118|15,118|197|
|Building Fund offering||||246,493|246,493|256,069|
|Van offering||||||11,380|
||||6335965|283698|6639,663|5857522|
|INVESTMENT|INCOME||||||
||||||2021|2020|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||||8||
|Deposit account|interest||229||229|1251|
##
|GROUP INCOME F|ROM CHARITABLE ACTIVITIE|S||
|---|---|---|---|
|||2021|2020|
||Activity|||
|Other income|Church|9,855|34,786|
|Rental income|Church|60,312|68,306|
|Other income|BCCCollege|5,005|3,894|
|Rental income|BCCCollege|95,296|17,675|
|Academic income|BCCCollege|187,534|21 727|
|||358,002|~146 388|
##
|PARENT CHARITY INCOME FROM CHA|RITABLE ACTIVITIES||
|---|---|---|
|||Total|
||Church|activities|
|Other income|6,758|32,038|
|Rent received|60,312|68,306|
|Audio visual income|3,097||
||70,167|100,344|
##
##
##
|GROUP CHARITABLE||ACTIVI|T|IES COST|S|||
|---|---|---|---|---|---|---|---|
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 6)
8|note 7)
f|Totals
8|
|Church|||||4,676,706||4,676,706|
|Support cost||||||144,725|144,725|
|Governance||||||90,298|90,298|
|BCCCollege|||||376,197|17,989|394,186|
||||||5,052,903|253,012|5,305,915|
|GROUP DIRECT COSTSOF CHARITABLE|||||ACTIVITIES|||
|||||||2021|2020|
||||||||8|
|Staff costs||||||1,539,954|1,565,297|
|Church plant tk evangelism||||||175,563|133,325|
|Women's
Ministry
expenses||||||16,660|13,577|
|Children's
Ministry
expenses||||||8,599|1,251|
|Retreats and conferences||||||31,282|37,271|
|Gifts, welfare
lit donations||||||166,462|248,635|
|Premises expenses||||||586,598|498,904|
|Rent - churches
Esmenses||||||934,294|797,597|
|Motor, travel, subsistence|and accom|||modation||353,852|255,800|
|Presiding
Elders expenses||||||11,433|6,700|
|Volunteer
expenses||||||25,083|13,840|
|Equipment
maintenance||||||72,445|69,040|
|PEMEM expenses||||||1,458|500|
|Donations to Birmingham|Christian||College||||97,842|
|Insurance||||||77,406|63,502|
|Bank charges||||||18,924|18,307|
|Youth Ministry
expenses||||||11,637|8,342|
|Audio visual expenses||||||17,778|532|
|Souvenirs
Ik calendars
expenses||||||10,749|10,400|
|Blankson Foundation
expenses||||||10,400|5,650|
|General charitable
expenses||||||202|2,954|
|Gain/(loss)
on disposal||||||(11,248)|(2,749)|
|Communication
cost||||||23,551|16,012|
|Freelance consultants||||||18,575|7,851|
|Validation k, accreditation||fee||||22,765|4,680|
|Course development
dt research|||||||5,992|
|Other professional
fees|||||||4,038|
|Library expenses||||||8,593||
|Advertising
and marketing||||||9,232||
|Student bursaries||||||3,500||
|BCCDepreciation
charge|||||||15,626|
|Depreciation||||||794,450|761,856|
|Interest payable and similar||charges||||112705|115,491|
|||||||~5052
03|4778063|
##
|||||||Governance||
|---|---|---|---|---|---|---|---|
||||||Other|costs|Totals|
||||||8|8||
|Support cost|||||144,725||144,725|
|Governance||||||90,298|90,298|
|BCCCollege|||||~10105|7,884|17,989|
||||||154&30|98 182|253 012|
|Support costs, included||in the above, are as|follows:|||||
|||||||2021|2020|
|||Support|||BCC|Total|Total|
|||cost|Governance||College|activities|activities|
||||||8|8|8|
|Training
expenses||13,094|||2,975|16,069|18,056|
|General administration||||||||
|expense||1,573|||1,352|2,925|609|
|Travel and|subsistence|1,199|||1,054|2,253|1,837|
|Printing,
postage 8c||||||||
|telephone||28,133|||4,724|32,857|25,537|
|Telephone|and internet|37,154||||37,154|37,586|
|Sottware and website||63,572||||63,572|29,531|
|Audit fees|||31,500||5,500|37,000|31,819|
|Trustees meeting|||6,316|||6,316|219|
|expenses||||||||
|Compliance|expenses|||843||843|13|
|Legal and professional||||||||
|fees|||~51|639|2,384|54,023|19,906|
|||144,725|90,298||17989|~253 012|~165 113|
|PARENT CHARITY'S||CHARITABLE|ACTIVITIES||COSTS|||
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 6)|note 7)|Totals|
||||||8|8||
|Church|||||4,954,899||4,954,899|
|Support Cost||||||193,508|193,508|
|Governance||||||90298|90298|
||||||4~954 8|~23 06|5238 705|
##
|ANALYSIS OF PAR|ENT|CHARITY'S DIRECT CO|STSOF CHARIT|ABLE ACTIV|ITIES|
|---|---|---|---|---|---|
|||||2021|2020|
||||||8|
|Staffcosts
Church planting 0evangelism||||1,454,273
175,563|1,536,980
133,325|
|Women's
Ministry
expenses||||16,660|13,577|
|Children's
Ministry
expenses||||8,599|1,251|
|Retreats, conferences|and seminars|||31,282|37,242|
|Gitb, welfare and charitable||donations||166,462|210,462|
|Premises expenses||||436,082|498,904|
|Rent for churches
lit menses||||934,294|797,597|
|Motor, travel, accommodation||dr subsistence||353,852|253,051|
|Presiding
Elders expenses||||11,433|6,700|
|Volunteer
expenses||||25,083|13,840|
|Equipment
maintenance||||72,445|69,040|
|PEMEM expenses||||1,458|500|
|Birmingham
College donation||||277,489|204,432|
|Congregational
insurance||||63,168|58,874|
|Bank charges||||18,163|18,177|
|Youth Ministry
expenses||||11,637|8,342|
|Audio visual expenses||||17,778|532|
|Souvenirs k, calendars|expenses|||10,749|10,400|
|Blankson Foundation|expense|||10,400|5,650|
|General charitable
expenses||||200|2,954|
|Gain on disposal||||(11,248)|(2,749)|
|Depreciation||||756,372|761,856|
|Interest payable and similar charges||||112701|115491|
|||||4954899|4,756,428|
|Sb.PARENT CHARITY'S||SUPPORT COSTS||||
|||||Governance||
||||Other|costs|Totals|
||||||8|
|Support Cost|||193,508||193,508|
|Governance||||~90298|~90 298|
||||~193 508|~90 298|~283 806|
|Support costs, included|in the|above, are as follows;||||
|OTHER||||||
|||||2021|2020|
|||||Support|Total|
|||||Cost|activities|
|||||8|8|
|Training expenses||||62,594|18,056|
|General administration|expenses|||1,573|234|
|Travel and subsistence|expenses|||1,199|730|
|Printing,
postage 8s stationery||expenses||28,133|25,490|
|Telephone
ttt internet expenses||||37,154|37,586|
|Soihrare and website|expenses|||~62 855|29531|
|||||193,508|111,627|
##
##
##
||GOVERNANCE
COS|TS|||
|---|---|---|---|---|
||||2021|2020|
|||||Total|
||||Governance|activities|
|||||8|
||Audit fees||31,500|31,819|
||Trustees meeting expenses||6,316|219|
||Compliance
expenses||843|13|
||Legal and professional|fees|51,639|17,770|
||||90,298|~49 821|
|9.|NET INCOME/(EXPENDITURE)||||
||Net income/(expenditure)|is stated after charging/(crediting):|||
||||2021|2020|
||||8|8|
||Depreciation - owned assets||794,450|761,855|
|10.|STAFF COSTS||||
||||2021|2020|
|||||8|
||Wages and salaries||1,337,744|1,378,243|
||Social security costs||18,569|11,755|
||Other pension costs||183,641|179299|
||||1,539,954|1,565,297|
||2021|2020|
|---|---|---|
|Pastors|38|38|
|Finance|4|3|
|Administrative|16|15|
|Academic|3|1|
||61|57|
##
##
##
##
##
|GROUP TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Freehold|Long|Plant and|
||property|leasehold|machinery|
||8|8|8|
|COST||||
|At 1stJanuary 2021|15,582,422|3,050,439|1,308,659|
|Additions
Disposals|1,068,867|195,469|105,621
~33.364)|
|At 31stDecember 2021|16,651,289|3,245,908|1,380,916|
|DEPRECIATION||||
|At 1stJanuary 2021|2,540,125|438,955|1,031,951|
|Charge for year
Eliminated
on disposal|283,787|67,718|170,779
~33364)|
|At 31stDecember 2021|2 823 912|506 673|1169366|
|NKT BOOK VALUE||||
|At 31stDecember 2021|13 827 377|2739235|211 55D|
|At 31stDecember 2020|13042,297|2,611,484|276,708|
|TANGIBLE FIXEDASSETS - continued||||
||Fixtures|||
||and|Motor||
||fittings|vehicles|Totals|
|||8||
|COST||||
|At 1stJanuary 2021|1,401,948|832,573|22,176,041|
|Additions
Disposals|39,258
~575491)|108,306
~3D8930)|1,517,521
~917705)|
|At 31stDecember 2021|865,715|631949|22,775,777|
|DEPRECIATION||||
|At 1stJanuary 2021|1,062,498|682,803|5,756,332|
|Charge for year
Eliminated
on disposal|179,483
~575,497)|92,683
~306,676)|794,450
~9)5531)|
|At 31stDecember 2021|666490|468,810|5,635,251|
|NKT BOOK VALUE||||
|At 31stDecember 2021|199225|163,139|17,140,526|
|At 31stDecember 2020|339,450|149,770|16,419,709|
##
##
|PARENT CHARITY TANGIBLE FIXE|DASSETS|||
|---|---|---|---|
||Freehold|Long|Plant and|
||property|leasehold|machinery|
||8|8|8|
|COST||||
|At 1stJanuary 2021|15,582,422|1,873,217|1,271,607|
|Additions
Disposals|1,068,867||105,621
~33,364)|
|At 31stDecember 2021|16,651209|1,873,217|1,343,864|
|DEPRECIATION||||
|At 1stJanuary 2021|2,540,125|438,955|1,031,951|
|Charge for year
Eliminated
on disposal|283,787|37,464|162,249
~33,364|
|At 31stDecember 2021|2,823,912|476,419|1,160,836|
|NET BOOK VALUE||||
|At 31stDecember 2021|13,827,377|1,396,798|183.028|
|At 31stDecember 2020|13,042,297|1,434,262|239,656|
##
||Fixtures|||
|---|---|---|---|
||and|Motor||
||fittings|vehicles|Totals|
||E|E||
|COST||||
|At 1stJanuary 2021|1,393,203|832,573|20,953,022|
|Additions
Dispo sale|39,258
~575 491|108,307
~308030)|1,322,053
~917785)|
|At 31stDecember 2021|856970|631950|21,35729D|
|DEPRECIATION||||
|At 1stJanuary 2021|1,062,498|682,803|5,756,332|
|Charge foryear
Eliminated
on disposal|179,483
~575,491)|92,683
~306676)|755,666
~9)5,53))|
|At 31stDecember 2021|666 49D|468,810|5 596467|
|NET BOOK VALUE||||
|At 31stDecember 2021|19D 48D|163,140|15760 823|
|At 31stDecember 2020|330,705|149,770|15,196,690|
##
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||8|g|
||Gift aid|||361,705|120,000|
||Staff loan|||18,161|10,111|
||Debtors and prepayments|||~226 729|~55 619|
|||||606,595|185,730|
|12b|PARENT CHARITY DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||2021|2020|
|||||f|g|
||Gift aid|||361,705|120,000|
||Staff loan|||18,161|10,111|
||Debtors &prepayments|||~138873|47 123|
|||||518739|177234|
|13.|GROUP|CREDITORS: AMOUNTS FALLING||DUE WITHIN ONE YEAR||
|||||2021|2020|
||||||g|
||Bank loans and overdrafts||(see note 15)|331,001|475,253|
||Other creditors|||206,252|200,306|
||Accruals|and deferred income||39450|30905|
|||||576,703|706,464|
|14|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR(PARENT CHARITY)|||||
|||||2021|2020|
||||||g|
||Bank loans and overdrafts||(see note 15)|356,859|475,253|
||Other creditors|||156,571|182,429|
||Accruals|and deferred income||~30 904|30,904|
|15.|GROUP|CREDITORS: AMOUNTS FALLING||DUE AFTER MORE THAN ONE YEAR||
|||||2021|2020|
||||||8|
||Bank loans (see note 15)|||~3186414|3,630,568|
|16.|LOANS|||||
||An analysis ofthe maturity||ofloans is given below:|||
|||||2021|2020|
|||||f||
||Amounts|falling due within one year on demand:||||
||Bank loans|||331001|475,253|
||Amounts|falling due between two and five years:||||
||Bank loans - 2-5 years|||3 186414|3,630,568|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Total|Total|
|||||fund|fund|funds|funds|
|||||8|f.|||
|Fixed assets|||16,275,897||864,629|17,140,526|16,419,709|
|Current
assets||||2,662,092|1,643,973|4,306,065|3,928,638|
|Current
liabilities
Long term liabilities|||(576,703)
~3)86414)|||(576,703)
~3)86 414|(706,464)
~3 630.568)|
||||15 174872||2 508602|17,683,474|16,011,315|
|GROUP MOVEMENT IN FUNDS||||||||
|||||||Net||
|||||||movement|At|
||||||At 1.1.21|in funds|31.12.21|
|||||||8||
|Unrestricted|funds|||||||
|General fund|||||13,776,011|1,398,861|15,174,872|
|Restricted
funds||||||||
|Restricted Fund|||||2,235,304|273,298|2,508,602|
|TOTAL FUNDS|||||16011,315|1672159|17,683474|
|Net movement|in funds, included|in the|above|are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||8|8|8|
|Unrestricted|funds|||||||
|General fund|||||6,694,376|(5,295,515)|1,398,861|
|TOTAL FUNDS|||||6694376|~52955)5)|1,398861|
##
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.20|in funds|31.12.20|
|||||f|8|
|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|2 287,699|16,011,315|
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||8||||
|Unrestricted
funds|||||
|General fund|5,727,837|(4,943,176)|356,835|1,141,496|
|Restricted funds|||||
|Restricted Fund|281,574||864,629|1,146,203|
|TOTAL FUNDS|6 999411|~4941 176|I 221 464|~267699|
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.20|in funds|31.12.21|
|Unrestricted
funds||||
|General fund|12,634,515|2,540,357|15,174,872|
|Restricted funds||||
|Restricted Fund|1,089,101|1,419,501|2,508,602|
|TOTAL FUNDS|13,723,616|3959,858|17683474|
##
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||8|8|||
|Unrestricted|funds|||||
|General fund||12,706,617|(10,249,797)|356,835|2,813,655|
|Restricted
funds||||||
|Restricted Fund||281,574||864,629|1,146,203|
|TOTAL FUNDS||12988)91|)102497971|1221464|3959858|
|ANALYSIS OFPARENT CHARITY NET ASSETS BETWEEN FUNDS||||||
|||||2021|2020|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||||8||8|
|Fixed assets||15,760,823||15,760,823|15,196,690|
|Current assets||2,542,868|1,643,973|4,186,841|3,887,321|
|Current liabilities
Long term liabilities||(544,334)
~3)06,4)4)||(544,334)
~3,)864)4)|(688,586)
~3630568)|
|||14572 943|1643973|16216916|14 764 857|
##
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds|31.12.21|
||||8|8|
|Unrestricted|funds||||
|General fund||13,394,182|1,178,761|14,572,943|
|Restricted funds|||||
|Charitable
activities||1,370,675|273,298|1,643,973|
|TOTAL FUNDS|||||
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||||f.|
|Unrestricted|funds|||||
|General fund|||6,407,066|(5,228,305)|1,178,761|
|Restricted funds||||||
|Charitable
activities|||283,698|(10,400)|273,298|
|TOTAL FUNDS|||669D764|~5238,7D5|3,452059|
|Comparatives|for movement|in funds||||
|||||Net||
|||||movement|At|
||||At 1.1.20|in funds|31.12.20|
||||||8|
|Unrestricted|funds|||||
|General fund|||12,634,515|759,667|13,394,182|
|Restricted funds||||||
|Charitable
activities|||1,089,101|281,574|1,370,675|
|TOTAL FUNDS|||13723 616|1,041,241|14,764,857|
##
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|5,677,543|(4,917,876)|759,667|
|Restricted funds||||
|Charitable
activities|281,574||281,574|
|TOTAL FUNDS||||
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.20|in funds|31.12.21|
|||8|||
|Unrestricted|funds||||
|General fund||12,634,515|1,938,428|14,572,943|
|Restricted funds|||||
|Charitable
activities||1,089,101|554,872|1,643,973|
|TOTAL FUNDS||13723616|2 493 30D|16216916|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|12,084,609|(10,146,181)|1,938,428|
|Restricted funds||||
|Charitable
activities|565,272|(10,400)|554,872|
|TOTAL FUNDS|12640001|~10136301|2493300|
##
##
|Fund|As at 1.1.21|Incoming|Expenditure|As at31.12.2021|
|---|---|---|---|---|
||8|8|f,|f,|
|BCC||14,994||14,994|
|Retirement|140,702|15,118||155,820|
|Motor van|11,380|||11,380|
|Building
Blankson Foundation|2,005,753
77469|246,493
7093|~10400|2,252,246
74 162|
||2~25 3D4|2836 8|10400|25086712|
##
##
|Fund|As at 1.1.21|Incoming|Expenditure|As at31.12.2021|
|---|---|---|---|---|
|||f|6||
|BCC||14,994||14,994|
|Retirement|140,702|15,118||155,820|
|Motor van|11,380|||11,380|
|Building
Blankson Foundation|1,141,124
77469|246,493
7003|~ID 400|1,387,617
74 162|
||I 370675|283698|10400|I 013 973|
##
##
|Fund|As at 1.1.21|Incoming|Expenditure|As at 31.12.2021|
|---|---|---|---|---|
|||||6|
|BCC||14,994||14,994|
|Retirement|140,702|15,118||155,820|
|Motor van|11,380|||11,380|
|Building|2,005,753|246,493||2,252,246|
|Blankson Foundation|77469|7 D93|10400|74 162|
||2 235304|283 698|10400|~25 8602|
##
##
|Fund|As at 1.1.21|Incoming|Expenditure|As at 31.12.2021|
|---|---|---|---|---|
||||6||
|BCC||14,994||14,994|
|Retirement|140,702|15,118||155,820|
|Motor van|1],380|||11,380|
|Building
Blankson Foundation|1,141,124
7~746|246,493
7D93|~10.4001|1,387,617
74.162|
||1 370675|2113698|~10400|1 643973|
##
##
##
||||2020|
|---|---|---|---|
||||8|
|Leasehold properties|||1,170,433|
|Plant snd machinery|||40,119|
|Cash and bank|||26,636|
|Creditors due|within one year||~15724|
||||1,221,464|
|Consideration|transferred||nil|
|Gain on acquisition ofsubsidiary||BCC||
|||8|
|---|---|---|
|Restricted reserves ofthe subsidiary||864,629|
|Unrestricted|reserves - designated|23,453|
|Unrestricted|reserves —not designated|333382|
##
||2021|2020|
|---|---|---|
|||8|
|Within one year|9,157|9,157|
|In one to two years|9,157|9,157|
|In two to five years|6,361|15,518|
||24 675|~32|
##
||FOR|THE YEAR ENDED 31STD|ECEMBER 2021||
|---|---|---|---|---|
||||2021|2020|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Tithes and offerings|||5,927,942|5,227,966|
|Joint services offering|||58,653|17,309|
|Gift aid receivable|||300,000|311,817|
|Blankson Foundation
donations|||7,093|13,928|
|Youth Ministry|||296|352|
|Joint Ministries
offering|||49,780|17,005|
|Welfare disaster offering||||1,500|
|Pension offering|||15,118|197|
|Building Fund offering|||246,493|256,069|
|Van offering||||11,380|
|Donations
received by BCC|||15,174|4,249|
||||6,620,549|5,861,772|
|Investment
income|||||
|Deposit account interest|||229|1,251|
|Charitable
activities|||||
|Other income|||14,860|38,680|
|Rental income|||155,608|85,981|
|Academic
income|||187,534|21,727|
||||33II002|146388|
|Total incoming
resources|||6,978,780|6,009,411|
|EXPENDITURE|||||
|Charitable
activities|||||
|Wages|||1,337,744|1,378,243|
|Social security|||18,569|11,755|
|Pensions|||183,641|175,299|
|Church plant
0tt evangelism|||175,563|133,325|
|Women's
Ministry expenses|||16,660|13,577|
|Children's
Ministry
expenses|||8,599|1,251|
|Retreats and conferences|||31,282|37,271|
|Gifts, welfare
0tt donations|||166,462|248,635|
|Premises expenses
Rent - churches k manses|||586,598
934,294|498,904
797,597|
|Motor, travel, subsistence|and accommodation||353,852|255,800|
|Presiding Elders expenses|||11,433|6,700|
|Volunteer
expenses|||25,083|13,840|
|Equipment
maintenance|||72,445|69,040|
|PEMEM expenses|||1,458|500|
|Donations to Birmingham|Christian|College||97,842|
|Insurance|||77,406|63,502|
|Carried forward|||4,001,089|3,803,081|
##
||||FOR THE YEAR E DED I|TD
EMBER2021||
|---|---|---|---|---|---|
|||||2021|2020|
|||||8||
|Charitable
activities||||||
|Brought forward||||4,001,089|3,803,081|
|Bank charges||||18,924|18,307|
|Youth Ministry
expenses||||11,637|8,342|
|Audio visual expenses||||17,778|532|
|Souvenirs
dt calendars|expenses|||10,749|10,400|
|Blankson Foundation
expenses||||10,400|5,650|
|General charitable
expenses||||202|2,954|
|Gain/(loss)
on disposal||||(11,248)|(2,749)|
|Communication
cost||||23,551|16,012|
|Freelance consultants||||18,575|7,851|
|Validation & accreditation
fee
Course development k research||||22,765|4,680
5,992|
|Other professional
fees|||||4,038|
|Library expenses||||8,593||
|Advertising
and marketing||||9,232||
|Student bursaries||||3,500||
|BCCDepreciation
charge|||||15,626|
|Depreciation-Freehold|property|||283,786|263,405|
|Depreciation-Long
leasehold||||67,718|37,464|
|Depreciation-Plant
and|machinery|||170,780|169,653|
|Depreciation-Fixtures
and fittings||||179,483|202,945|
|Depreciation-Motor
vehicles||||92,684|88,389|
|Interest payable||||112,705|115,491|
|||||5,052,903|4,778,063|
|Support costs||||||
|Other||||||
|Training
expenses||||16,069|18,056|
|General administration||expense||2,925|609|
|Travel and subsistence||||2,253|1,837|
|Printing,
postage &telephone||||32,857|25,537|
|Telephone
and internet||||37,154|37,586|
|Software and website||||63,572|29,531|
|||||154,830|113,156|
|Governance
costs||||||
|Audit fees||||37,000|31,819|
|Trustees meeting expenses||||6,316|219|
|Compliance
expenses||||843|13|
|Legal and professional||fees||sk 023|19 906|
|||||98,182|51957|
|Total resources expended||||5,306,621|~4,943 176|
|Net income before gains||and losses||I 672 159|1066 235|
|Realised recognised
gains|||and losses|||
|Camed forward||||1,672,159|1,066,235|