| C | ||||
|---|---|---|---|---|
| ontents | Page | |||
| Trsutees' annual report |
1-4 | |||
| Statement of |
trustees responsibility | |||
| Independent | examiner's | report | ||
| Funding stements: |
||||
| Statement | offinancial | activities | ||
| Moveinent | in funds | 9 | ||
| Income and expenditure | account | 10 | ||
| 11 | ||||
| Balance sheet |
| Fiili | ||||||
|---|---|---|---|---|---|---|
| nanca revew | 2021 | 2020 | ||||
| K | S | |||||
| Set Income/(loss) | (5,616) | 22,103 | ||||
| Unrestricted revenue |
funds available | for the general purposes | of | |||
| the charity Restricted revenue Total funds |
funds | 127,840 122,223 |
105,737 127,840 |
| Statement offinancia 31December 2021. |
l a | ctivities (including the |
Income and expenditure ac |
count for t | year | ||
|---|---|---|---|---|---|---|---|
| Current year Unrestricted Funds |
Current year Restrtcted Funds |
Current year Total Funds |
Prior year Total Funds |
||||
| 2021 | 2021 | 2021 | 2020 | ||||
| S | R | ||||||
| Income Ib endowments | from: | ||||||
| Donations and legacies |
114,127 | 114,127 | 128,522 | ||||
| Other income | |||||||
| Total income | 114,127 | 114,127 | 128,522 | ||||
| Expenditure on: |
|||||||
| Charitable activities |
119,743 | I19,743 | 106,419 | ||||
| Total expenditure | 119,743 | 119,743 | 106,419 | ||||
| Net income/(loss) | for | the year | (5,616) | (5,616) | 22,103 | ||
| Net income after transfers | (5,616) | (5,616) | 22,103 | ||||
| Net movement in |
funds | (5,616) | (5,616) | 22,103 | |||
| Reconciliation offunds: Total funds brought forward Total funds carried forward |
127,840 122,223 |
127,840 122)223 |
105,737 127,840 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| K | K | |||
| Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Net resources available to fund charitable activities |
(5,616) 3,361 (2,255) |
22,103 22,103 |
| Movements kn revenue and |
capital f | unds for the year en | ded 31Decem | ber 2021 | ||
|---|---|---|---|---|---|---|
| Unrsstrtctsd Funds |
Jtestrtctsd Funds |
Total Funds |
Total Funds |
|||
| 2021 | 2021 | 2021 | 2020 | |||
| Accumulated funds brought forward Recognised gains and losses |
127,840 (5,616) |
127,840 (5,616) |
286,329 | |||
| Closing revenue funds |
122,223 | 122,223 | 286,329 | |||
| Summary offunds |
tJnrsstrtctsd Funds |
Zsstrtctsd Funds |
Total Funds |
Total Funds |
||
| 2021 | 2021 | 2021 | 2020 | |||
| Revenue accummulated funds |
122,223 | 122,223 | 286,329 | |||
| Income Income from operations |
114,127 | 114,127 | 128,522 | |||
| Other operating income |
||||||
| Gross income in the year | excluding | exceptional items | 114,127 | 114,127 | 128,522 | |
| Expenditure Charitable expenditure, excluding and amortisation Depreciation and amortisation Governance |
depreciation | 106,056 13,187 500 119,743 |
106,056 13,187 500 119,743 |
93,169 12,749 500 106,419 |
||
| Total expenditure in the |
year | |||||
| Retained surplus/(deficit) | for the financial year | 5,616 | 5,616 | 22,103 |
Balance 8heet as at 31D |
ece | mber 2021 | |||
|---|---|---|---|---|---|
| Notes | |||||
| 2021 | 2,021 | ||||
| Fixed assets Tangible assets |
276,503 | 286,329 | |||
| Current assets Debtors - gift aid receivable Cash at bank and in hand |
10,000 25,717 |
35,717 30,543 |
30,543 | ||
| Creditors: Amount falling due within 1year |
31,144 | 23,000 | |||
| Creditors: Amount falling more than 1year |
due | after | 158,853 | 166,032 | |
| Net current assets | 189,997 | 189%032 | |||
| Total net assets of the charity | 122,223 | 127,840 | |||
| The total net assets ofthe | charity are funded by the funds ofthe charity, as follows:- | ||||
| Restricted funds Restricted revenue funds |
122,223 | 105,737 | |||
| Unrestricted funds Unrestricted funds |
22,103 | ||||
| Total charity funds | 122,223 | 127,$40 | |||
| P on Adebo |
Adegohe | ||||
| Trustee Chairman | |||||
| Approved by the trustees |
on | 20 September 2022 and signed on their behalf by: |
working in th |
e vaious departments |
e vaious departments |
ofthe church. | ofthe church. | ||
|---|---|---|---|---|---|---|
| 5 Net surplus | before tax in the | financial year | ||||
| 2021 | 2020 | |||||
| K | K | |||||
| The net surplus | before tax in the | financial year is stated after charging:- | (5,616) | 22,103 | ||
| Depreciation | of | owned fixed assets | 13,187 | 11,403 | ||
| 6Remuneration | and payments | to trustees | and persons connected with theIn |
Notes forming part of |
th | e financial statements for the year ende |
d 31December | 2021 | |
|---|---|---|---|---|---|
| 7Tangible Qaed assets | Church | ||||
| +~@ding | Equipmeut | Total | |||
| 4 | R | C | |||
| Current year | |||||
| Cost | |||||
| At 1January 2021 Additions in the year At 31December 2021 |
297,806 297,806 |
39,574 3,361 42,93S |
337,380 3,361 340,741 |
||
| Depreciation At 1 January 2021 |
17,868 | 33,183 | 51,051 | ||
| Charge for the period At 31December 2021 |
5,956 23,824 |
7,231 40414 |
13%187 64238 |
||
| Net booh value | |||||
| At 31December 2021 | 273,982 | 2,521 | 276,503 | ||
| At 31December 2020 | 279,938 | 6,391 | 286,329 | ||
| 8Creditors: Amounts | falling due within one year | ||||
| 2021 | 2020 | ||||
| 4 | |||||
| Mortgage on building |
18,000 | 16,500 | |||
| Other creditors | 12,643 | 6,000 | |||
| Independent examination |
fee | 500 | 500 | ||
| 31,143 | 23,000 | ||||
| Creditors: Amounts | falling due after more than one year | ||||
| 2021 | 2020 | ||||
| 4 | K | ||||
| Mortgage on building | 1S8,853 | 169,647 | |||
| 158,853 | 169,647 |
| 2021 | 2020 | ||
|---|---|---|---|
| S | |||
| At 1January Surplus/(loss) |
ofincome over expenditure | 127,840 (5,616) |
105,737 22,103 |
| At 31December | 122,224 | 127,840 |
| 11Parti | culars ofhow particular |
funds are represented by |
assets and | liabilities | ||
|---|---|---|---|---|---|---|
| Unrestricted Pand |
Designated fitted |
Unrestrlcte dPonds |
Total funda |
Total funds |
||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| f. | ||||||
| At 31December | ||||||
| Tangible Current |
fixed assets assets |
276,503 35,717 |
276,503 35,717 |
286,329 7,543 |
||
| Current | liabilities | (189,996 122,224 |
189,996 122,224 |
166,032 127,840 |
||
| At 1 January Tangible fixed assets Current assets |
286,329 30,543 |
286 329 30,543 |
291 494 7,190 |
|||
| Current | liabilities | (189,032) | (189,032) | (192,947) | ||
| 127)840 | 127,840 | 105)737 |
| 12Change in | total | lands ov | er the | year, analysed | by individual fluads |
||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Transfer | Funds | |||||||
| brought | Movement | between | carried | ||||||
| forward | in lands in | land¹ | in | forward | |||||
| from 2020 | 2021 | 2021 | 2022 | ||||||
| R | R | ||||||||
| Unrestricted | and designated | Aands:- | |||||||
| Unrestricted | funds | 127,840 | (5,616) | — | 122,224 | ||||
| Total unrestricted | and designated | funds | 127,840 | (5,616) | - | 122,224 | |||
| Restricted lands: | |||||||||
| Building fund | |||||||||
| Total restricted land¹ | |||||||||
| Total charity | funds | 127,840 | (5,616) | - | 122,224 |
| Movement | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Other | in hands | |||||||||
| gains | 8a | Movement | carried | |||||||
| Income | Eel&en&iitnre | losses | ia funds | forward to | ||||||
| 2021 | 2021 | 2021 | 2021 | 2022 | ||||||
| 8 | R | |||||||||
| Unrestricted | and | designated | fiands: | |||||||
| Unrestricted | revenue | funds | 114,127 | (119,743) | (5,616) | (5,616) | ||||
| Unrestricted | lands: | |||||||||
| Building fund | ||||||||||
| Total restricted | lands | 114,127 | 119,743) | (5&616) | (5,616) |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Pand | Pand | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| g | 4 | S | ||||
| Donations | and gifts from individuals | 114,127 | 114,127 | 128,522 | ||
| Total donations, | grants and gifts | 114,127 | 114,127 | 128,522 |
| Unrcstrlctcd | Restricted | Total | Total |
|---|---|---|---|
| Pand | Pand | fuads | funds |
| 2021 | 2021 | 2021 | 2020 |
| S | 4 | g | K |
| 17Expendit | ure o |
n charitable activities - |
Direct spending | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Pand | Pand | fu nets | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| 4 | S | K | ||||
| Travel and subsistence | 2,868 | 2,868 | 2,569 | |||
| World Evangelistic | Mission | 3,900 | 3,900 | 3,850 | ||
| Welfare | 9,125 | 9,125 | 13,021 | |||
| Staff cost | 41,301 | 41,301 | 34,045 | |||
| Staff training | expenses | 147.00 | 147 | 240 | ||
| Community | projects | 9,153 | 9,153 | 4,106 | ||
| Media, website etc | 223 | 223 | 1,101 | |||
| Total direct | spendings | 66,717 | 66,717 | S8,932 |
| Vnrestrlctcd | Jtcctrtcted | 2'otal | Total | |||
|---|---|---|---|---|---|---|
| fiuad | f+ad | fzcnds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| 4 | R | |||||
| Premises expenses | ||||||
| Mortgage | 13,736 | 13,736 | 13,356 | |||
| Administrative overhead |
||||||
| Stationery and printing |
1,445 | 1,445 | 788 | |||
| Subscription to periodicals |
2,039 | 2,039 | 2,483 | |||
| Ministry expenses | 6,502 | 6,502 | 4,750 | |||
| Telephone and internet |
charges | 1,840 | 1,840 | 1,740 | ||
| Utilities | 1,208 | 1,208 | 2,199 | |||
| Pastoral expenses | 786 | 786 | 1,850 | |||
| Liability and contents | insurance | 3,360 | 3,360 | 633 | ||
| Bank charges | 536 | 536 | 344 | |||
| Sundry expenses | 3,024 | 3,024 | 1,345 | |||
| Equipment, repairs, expenses |
and maintenance | 4,863 | 4,863 | 3,883 | ||
| Professional fees paid to advisors other than the |
||||||
| auditor or examiner | ||||||
| Other legal and professional | ||||||
| Financial costs | ||||||
| Depreciation 8r, Amortisation |
in total for the period | 13,187 | 13,187 | 11,403 | ||
| Support costs before | reallocation | 52,526 | 52,526 | 44,774 | ||
| Total support costs | 52,526 | 52,526 | 44,774 |