| Contents ofthe Financial Statements | Contents ofthe Financial Statements | ||||
|---|---|---|---|---|---|
| for the Year Ended 31Jul | 2021 | ||||
| Page | |||||
| Report ofthe Trustees | I | to | 2 | ||
| Statement ofFinancial | Activities | ||||
| Balance Sheet | 4 | to | 5 | ||
| Notes to the Financial | Statements | 6 | to | 13 | |
| Detailed Statement of | Financial Activities | 14 | to | IS |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donattons | and legacies | 251,840 | 159,504 | 411,344 | 352,104 | ||
| Investment income Other income |
36,063 | 36,063 | 37,531 | ||||
| 32,352 | |||||||
| Total | 251,840 | 195,567 | 447,407 | 421,987 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 40,726 | 12,611 | 53,337 | 65,798 | |||
| Charitable | activities | ||||||
| Cbanty | 173,759 | 1,278 | 175,037 | 188,155 | |||
| Total | 214,485 | 13,889 | 228,374 | 253,953 | |||
| NET INCOME | 37,355 | 181,678 | 219,033 | 168,034 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds | brought forward | 1,732,280 | 923,972 | 2,656,252 | 2,488,218 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,769,635 | 1,105,650 | 2,875,285 | 2,656,252 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Notes | fund f |
fund | funds | funds | |
| FIXEDASSETS | |||||
| Tangible assets | 2,097,671 | 1,538 | 2,099,209 | 2,034,186 | |
| CURRENT ASSETS | |||||
| Debtors Investments Cash at bank |
51,121 25,000 913,352 |
51,121 25,000 913,352 |
48,194 25,000 790,476 |
||
| 989,473 | 989,473 | 863,670 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
10 | (1,672) | (23,689) | (25,361) | (29,879) |
| NET CURRENT ASSETS/(LIABILITIES) | 987,801 | (23,689) | 964,112 | 833,791 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 3,085,472 | (22,151) | 3,063,321 | 2,867,977 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
11 | (188,036) | (188,036) | (211,725) | |
| FUND TRANSFER | (1,315,837) | 1,315,837 | |||
| NET ASSETS | 1,769,635 | 1,105,650 | 2,875„285 | 2,656,252 | |
| FUNDS | 13 | ||||
| Unrestricted funds Restncted funds |
1,769,635 1,105,650 |
1,732,280 923,972 |
|||
| TOTAL FUNDS | 2,875,285 | 2,656,252 |
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Charitable income 1 - property rental within Chantable |
objects- Restricted | 36,000 | 37,163 | |
| Other interest receivable operatmg- | Restricted | 63 | 368 | |
| 36,063 | 37,531 | |||
| NET INCOME/(EXPENDITURE) | ||||
| Net mcome/(expenditure) is stated after charging/(crediting): |
||||
| 2021 | 2020 | |||
| Depreciation - owned assets |
385 | 481 | ||
| Surplus on disposal offixed assets | (32,352) |
| 2021 | 2020 | ||
|---|---|---|---|
| Trustees | &Employees | 14 | 14 |
| Notes to the Financial Statements —continued for the Year Ended 31 Jul 2021 |
Notes to the Financial Statements —continued for the Year Ended 31 Jul 2021 |
|||
|---|---|---|---|---|
| COMPARATIVES | FOR TBKSTATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | I'und | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
331,745 | 20,359 | 352,104 | |
| Investment income Other income |
37,531 32,352 |
37,531 32,352 |
||
| Total | 331,745 | 90,242 | 421,987 | |
| EXPENDITURE ON | ||||
| Raising funds | 58,243 | 7,555 | 65,798 | |
| Charitable activities |
||||
| Charity | 188,155 | 188,155 | ||
| Total | 246,398 | 7,555 | 253,953 | |
| NKT INCOME | 85,347 | 82,687 | 168,034 | |
| RECONCILIATION | OF FUNDS | |||
| Total funds brought | forward | 1,646,933 | 841,285 | 2,488,218 |
| TOTAL FUNDS CARRIED FORWARD | 1,732,280 | 923,972 | 2,656,252 |
| for the Year Ended 31 Jul 20 |
21 | |||
|---|---|---|---|---|
| 7. | TANGIBLE FIXEDASSETS | |||
| Freehold | Motor | |||
| property | vehicles | Totals | ||
| f. | ||||
| COST | ||||
| At I August 2020 Additions |
2,032,263 65,408 |
3,755 | 2,036,018 65,408 |
|
| At 31July 2021 | 2,097,671 | 3,755 | 2,101,426 | |
| DEPRECIATION | ||||
| At I August 2020 Charge for year |
1,832 385 |
1,832 385 |
||
| At 31 July 2021 | 2,217 | 2,217 | ||
| NKT BOOKVALUE | ||||
| At 31 July 2021 | 2,097,671 | 1,538 | 2,099,209 | |
| At 31 July 2020 | 2,032,263 | 1,923 | 2,034,186 | |
| DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR | ||||
| 2021 | 2020 | |||
| Prepayments and accrued income |
1,121 | 1,483 | ||
| Other Debtors | 50,000 | 46,711 | ||
| 51,121 | 48,194 | |||
| 9. | CURRENT ASSETINVKSTMKNTS | |||
| 2021 | 2020 | |||
| Loans 4 Receivables | I. 25,000 |
8 25,000 |
| 10. | CREDITORS: AMOUNT | S F | ALLING DUK WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Other loans (see note 12) Social security and other taxes Net Wages Accrued expenses |
23,689 1,039 (87) 720 |
23,050 2,329 4,500 |
|||
| 25,361 | 29,879 | ||||
| 11. | CREDITORS: AMOUNTS FALLING DUK AFTER MORE THAN ONK YEAR | ||||
| 2021 | 2020 | ||||
| 8 | |||||
| Other loans (see note 12) | 188,036 | 211,725 | |||
| 12. | LOANS | ||||
| An analysis ofthe maturity | ofloans is given below: | ||||
| 2021 | 2020 | ||||
| Amounts falling due withm |
one | year on demand: | |||
| Baptist Union Loan- due wtthin | I year | 19,689 | 19,050 | ||
| Loan Payable-SCBA Loan- | Restricted | 4,000 | 4,000 | ||
| 23,689 | 23,050 | ||||
| Amounts falling between one and two years: |
|||||
| Baptist Union Loan- due after one year | 168,036 | 187,725 | |||
| Loan Payable - SCBAloan | - Restricted-Current | 20,000 | 24,000 | ||
| 188,036 | 211,725 | ||||
| 13. | MOVKMKNT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.8.20 | in funds | 31.7.21 | |||
| Unrestricted funds |
|||||
| General fund | 1,732,280 | 37,355 | 1,769,635 | ||
| Restricted funds | |||||
| Restricted Fund | 923,972 | 181,678 | 1,105,650 | ||
| TOTALFUNDS | 2,656,252 | 219,033 | 2,875,285 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| Unrestricted funds |
||||||
| General fund |
251,840 | (214,485) | 37,355 | |||
| Restricted funds | ||||||
| Restricted Fund | 195,567 | (13,889) | 181,678 | |||
| TOTALFUNDS | 447,407 | (228,374) | 219,033 | |||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.8.19 | in funds | 31.7.20 | ||||
| Unrestricted funds |
||||||
| General fund |
1,646,933 | 85,347 | 1,732,280 | |||
| Restricted funds | ||||||
| Restricted Fund | 841,285 | 82,687 | 923,972 | |||
| TOTALFUNDS | 2,488,218 | 168,034 | 2,656,252 | |||
| Comparative net |
movement | m | funds, included | in the above are as follows: | ||
| Incommg | Resources | Movement | ||||
| resources | expended | in funds | ||||
| f. | ||||||
| Unrestricted funds |
||||||
| General fund | 331,745 | (246,398) | 85,347 | |||
| Restricted funds |
||||||
| Restricted Fund | 90,242 | (7,555) | 82,687 | |||
| TOTAL FUNDS | 421,987 | (253,953) | 168,034 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.8.19 | in funds | 31.7.21 | |
| Unrestricted funds |
|||
| General fund |
1,646,933 | 122,702 | 1,769,635 |
| Restricted funds | |||
| Restricted Fund | 841,285 | 264,365 | 1,105,650 |
| TOTALFUNDS | 2,488,218 | 387,067 | 2,875,285 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| f, | f. | ||
| Unrestricted funds |
|||
| General fund | 583,585 | (460,883) | 122,702 |
| Restricted funds | |||
| Restricted Fund | 285,809 | (21,444) | 264,365 |
| TOTAL FUNDS | 869,394 | (482,327) | 387,067 |
| Detailed Statement ofFinancial | Detailed Statement ofFinancial | Activities | |||||
|---|---|---|---|---|---|---|---|
| for the Year Ended 31Jul | 2021 | ||||||
| 2021 | 2020 | ||||||
| INCOME AND ENDOWMENTS | |||||||
| Donations and legacies |
|||||||
| Special appeals &gills -Restricted | 46,443 | 71,414 | |||||
| Weekly offerings, direct | credits | and | allocated | and | |||
| other gifts | 265,744 | 205,973 | |||||
| Gid aid tax recovery - Unrestncted | 54,007 | 56,344 | |||||
| Donation-Restricted | 42,000 | 18,223 | |||||
| Grants | 3,150 | 150 | |||||
| 411,344 | 352,104 | ||||||
| Investment income |
|||||||
| Charitable income I —property |
rental within | ||||||
| Charitable objects- Restricted |
36,000 | 37,163 | |||||
| Other interest receivable | operating- | Restricted | 63 | 368 | |||
| 36,063 | 37,531 | ||||||
| Other income | |||||||
| Gain on sale oftangible fixed assets |
32,352 | ||||||
| Total incoming resources | 447,407 | 421,987 | |||||
| EXPENDITURE | |||||||
| Charitable activities |
|||||||
| Salaries- Unrestricted | 110,380 | 112,905 | |||||
| Social security | 4,795 | 6,298 | |||||
| Pensions | 3,667 | 3,667 | |||||
| Youth Work- Unrestricted | 2,153 | 6,255 | |||||
| Catering &Events- Unrestricted | 513 | 1,397 | |||||
| Messy Church, Families | &. Children- | Unrestricted | 1,583 | 750 | |||
| Retainer-Unrestricted | 15,848 | 15,849 | |||||
| StaffExpenses- Unrestricted | 4,194 | 4,898 | |||||
| Minibus &Travel- Unrestricted | 1,165 | 1,653 | |||||
| Depreciation oftangible | fixed assets | 385 | 481 | ||||
| Grants to institutions | 29,036 | 31,835 | |||||
| Grants to individuals | 1,318 | 2,167 | |||||
| 175,037 | 188,155 | ||||||
| Support costs | |||||||
| Finance | |||||||
| Loan Interest- Restncted | 6,928 | 7,555 |
| Detailed Statement ofFinancial | Activities | |||||
|---|---|---|---|---|---|---|
| for the Year Ended 31 Jul | 2021 | |||||
| 2021 | 2020 | |||||
| Finance | ||||||
| Information | technology | |||||
| ITsoftware | &equipment- | Unrestricted | 2,285 | 1,666 | ||
| Other | ||||||
| Maintenance, | Alterations | & Cleaning- | ||||
| Unrestricted | ||||||
| Insurance | 8,327 | 5,674 | ||||
| Utilities & Telephone Printing, Postage and Stationery- Sundry Expenses- Unrestricted |
unrestricted | 3,500 13,523 11,332 458 |
5,498 11,843 21,982 4,784 |
|||
| 37,140 | 49,781 | |||||
| Other 2 | ||||||
| Subscriptions- Unrestricted Storage- Restricted |
2,389 1,026 |
|||||
| 3,415 | ||||||
| Governance | costs | |||||
| Accountancy | and Independent | |||||
| Examination-Unrestricted Legal &.Professional and Consultancy- |
2,426 | 5,308 | ||||
| Unrestricted | ||||||
| 1,143 | 1,488 | |||||
| 3,569 | 6,796 | |||||
| Total resources | expended | 228,374 | 253,953 | |||
| Net income | 219,033 | 168,034 |