| CONTENTS: | Pages |
|---|---|
| ANNUALREPORT | A |
| Trusteesresponsibilities | 1-2 |
| Legal andadministrativeinformation | 3 |
| Statement of Charity's lncome andExpenditure | 4 |
| Statementoffinancialactivities | 5 |
| Balancesheet | o |
| Notesformingpartofthe financial statements | 7-10 |
| lndependent examiner'sreport | 11 |
| 2021t | 2A2At | |
|---|---|---|
| INCOME | ||
| Collections | 11,950 | 12,394 |
| Grantsand donations | 59,322 | 176,935 |
| Activities forgeneratingfunds | 3,842 | 76,573 |
| lnvestmentincome | 28 | 43 |
| Hireofpremises | 88,633 | 179,876 |
| Total lncomingResources | 163,775 | 445,821 |
| EXPENDITURE | ||
| Project & adminstaffcosts | 110,928 | 201,797 |
| Generalrunning costs and fundraising | 76,786 | 204,469 |
| Otherrelated expenses | 92s | 1,792 |
| Total Resources Expended | 188,639 | 408,058 |
| NETINCOMING/-OUTGOINGRESOURCES | -24,864 | 37,763 |
| Generalfunds | UnrestrictedRestricted Funds Funds /Vofes f f |
UnrestrictedRestricted Funds Funds /Vofes f f |
UnrestrictedRestricted Funds Funds /Vofes f f |
Total 242',1f |
Year 2020 f |
|---|---|---|---|---|---|
| Alllncomingresources | |||||
| Generalfunds: | |||||
| Collections | 11,950 | 0 | 11,950 | 12,394 | |
| Grants and donations | 59,322 | 0 | 59,322 | 176,935 | |
| Activitiesforgenerating funds | 3,842 | 0 | 3,842 | 76,573 | |
| Investment income | 28 | 0 | 28 | 43 | |
| Charitable activities: | |||||
| Hireofpremises | 88,633 | 88,633 | 179,876 | ||
| Total lncomingResources | 163,775 | 163,775 | 445,821 | ||
| AllResources expended | |||||
| Charitable activities | 187,714 | 0 | 187,714 | 407,108 | |
| Governance costs | 925 | 0 | 925 | 950 | |
| Total ResourcesExpended | 188,639 | 188,639 | 408,058 | ||
| Netincoming/-outgoingresourcesforthe year | -24,864 | -24,864 | 37.763 | ||
| Totalfundsbroughtforuvard | 10 | 63,306 | 0 | 63,306 | 25,543 |
| UtilisedasDesignated Funds | 11,12 | -37 | 0 | -37 | 0 |
| TotalGeneralFunds | 38,405 | 38,405 | 63,306 |
| Nofes | 2021 Eā¬ |
2024 tt. |
|
|---|---|---|---|
| FixedAssets | |||
| Tangibleassets | 4 | 3,475,732 | 3,322,735 |
| lnvestments | 7 | 838,063 | $8,463 |
| 4,313,795 | 4,160,798 | ||
| Current Assets | |||
| Debtors | I | 5,966 | 10,870 |
| Bank andcashin hand | 24,575 | 192,467 | |
| 30,541 | 242,937 | ||
| Creditors:due within oneyear | I | -130,400 | -124,898 |
| NetLiquidFunds | -99,859 | 78,039 | |
| Total Assets | 4,2{3,936 | 4,238,837 : |
|
| Funds | |||
| Unrestrictedfunds | 10 | 38,405 | ffi3A6 |
| Restricted funds | 11 | 0 | 0 |
| Generalfunds | 38,ips | 63,306 | |
| Designated and utilisedfunds | 12 | 4,175,531 | 4,175,531 |
| Total Funds | 4,213,936 | 4,r38,8s? |
| Staff | Admin/FR. | Total | Total | ||
|---|---|---|---|---|---|
| cost I |
expensest | Other e |
2021 c |
2020t | |
| Ch aritabIeexpenditure | |||||
| Church | 46,763 | 7,221 | 0 | 53,984 | 65,876 |
| TabCentre | 23,169 | 9,470 | 0 | 32,639 | 67,831 |
| Project expenses | 40,366 | 60,725 | 0 | 101,091 | 273,401 |
| Governance costs | 0 | 0 | 925 | 925 | 950 |
| 110,298 | 77,416 | 925 | 188,639 | 408,058 | |
| 2020 | 147,982 | 258,284 | 1,792 | 408,058 |
| Staff numbercandcosts | |||
|---|---|---|---|
| Staffcosts.' | (seenote13) | 2021 e |
2020t |
| Wagesand salaries | 97,M8 | 141,273 | |
| Socialsecuritycosts | 2,198 | 3,464 | |
| Pension costs | 10,652 | 3,645 | |
| (seenote14) | 110,298 | 147,982 |
during the yearwasas follows: |
||
|---|---|---|
| 2421 E |
2020t | |
| Church | 2.0 | 2.0 |
| Tab Centre | 1.0 | 1.0 |
| Projects | 1.5 | 2.0 |
| 4.5 | 5.0 |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Costor valuation | Equipment | Land and Buildings |
2421f | 2020f | |
| At1stJanuary | 12,797 | 3,367,092 | 3,379,889 | 3,378,124 | |
| Additions | 0 | 152,997 | 152,997 | 1,765 | |
| At 31stDecember | 12,797 | 3,520,089 | 3,532,886 | ||
| Depreciation | |||||
| At1st January | 0 | 57,154 | 57,154 | 57,154 | |
| Provision for the year -see note1(d) At 31stDecember |
0 0 |
0 57.154 |
mi | 0 | 0 57,154 |
| Net bookvalue | |||||
| At 31stDecember -seenote below | 12,797 | 3,462,935 | 3,475,732 | 3,322,735 | |
| Thenetbookvalue of Land andBuildingsis made up as follows: | |||||
| 2021t | 2020 f |
||||
| Land | 1,230,000 | 1,230,000 | |||
| Buildings | 2,232,935 | 2,079,938 | |||
| 3,462,935 | 3,309,938 | ||||
| The Church is the owner of thelandandbuildingswhich are dulyregisteredwith the | |||||
| London Baptist Property Boardas theirTrust Corporation. |
| NetlncomingResources | ||
|---|---|---|
| Thisis stated aftercharging: | 2021 f |
2020 L |
| Depreciation (see note1(d)) | 0 | 0 |
| lndependentexaminer'sfees- external | 925 | 950 |
| estments | ||
|---|---|---|
| AIIUK: | 2021f | 2020 t |
| Unlisted lnvestments | 15,000 | 15,000 |
| Propertysaleproceeds (restricted) | 823,063 | 823,063 |
| r-3EF6t | @ |
| 8 | Debtors | 2021 E |
2020f | ||||
|---|---|---|---|---|---|---|---|
| Prepayments | 0 | 0 | |||||
| Other Debtors | 5,966 | 10,870 | |||||
| Creditors:amountsfallingdue | withinoneyear | 2021 ā¬ |
2020t | ||||
| Other creditors | 123,075 | 117,573 | |||||
| Accrualsand deferred income | 7,325 | 7,325 | |||||
| ,[3670d | 124,898 | ||||||
| 10 | Unrestricted funds | Balance | lncomingResources | Utilised as | Balance | ||
| at1st | resourcesexpended | Designated | at31st | ||||
| January | December | ||||||
| lnvestment reserve Generalfund |
2021 L000 63,306 |
163,775188,639 | f 0 -37 |
2021t 0 38,405 |
|||
| Expenditure on investments & | -&Jd6- 163/?s18ss3e -37 building assets are deemedtobedesignatedfunds(see |
38,405 note'12). |
|||||
| 11 | Restricted funds | Balance | lncomingResources | Utilised as | Balance | ||
| at1st | resourcesexpended | Designated | at31st | ||||
| January | December | ||||||
| 2021 e |
fe | 2021 I |
|||||
| Specificdonations | 0 | 00 | 0 | ||||
| UU | |||||||
| 12 | Designatedfunds | Balance | lncomingResources | General fund | Balance | ||
| at1st | resourcesexpended | Transfers | at31st | ||||
| January | December | ||||||
| 2021 | 2021 | ||||||
| t | L | f | e | I | |||
| Land andBuildings(note5) | 3,320,970 | 0 | 0 | 0 | 3,320,970 | ||
| Property proceeds | 854,561 | 0 | 0 | 0 | 854,561 | ||
| 4,175,531 | 00 | 4,175,531 |