OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Trustees John Samuel (Chair) John Samuel (Chair)
John Taylor
Paul Chambers
Ivan Baird
Jon Niblett
David Shafik
Lisa Coleridge
Ali Azzopardi
Gareth Batten
Tim Totton (Appointed 14May 2020)
Siobhan Temple (Appointed 14May 2020)
Steve Pryor (Appointed 1 September
2021)
Chuck Bateman (Appointed 1 March 2021)
Charity number 1134492
Company number 07118491
Registered office Duke Street
Richmond
Surrey
TW9 1DH
Auditor Jacob Cavenagh 8 Skeet
5 Robin Hood Lane
Sutton
Surrey
SM1 2SW
Bankers Barclays Bank pic
Page
Trustees'
report		 1-5
Independent
auditor's		 report 6-8
Statement offinancial activities
Balance sheet 10
Statement ofcash flows
Notes to the financial statements 12 - 23

The trustees, who are also the directors for the purpose
of		 also the directors for the purpose
of		 company law, and who served during the year and up
tothe date of signature ofthe financial statements were:
John Samuel (Chair)
Johan van Wijgerden (Resigned 5 March 2020)
John Taylor
Paul Chambers
Ivan Baird
Philip Long (Resigned 1 February 2020)
Jon Niblett
David Shafik
Angie Vincent (Resigned 1 March 2021)
Lisa Coleridge
Ali Azzopardi
Gareth Batten
Simon Buss (Resigned 1 August 2021)
Tim Totton (Appointed 14 May 2020)
Siobhan Temple (Appointed 14 May 2020)
Steve Pryor (Appointed 1 September 2021)
Chuck Bateman (Appointed 1 March 2021)

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2020
6		 2020f 2020
6		 2019
6		 2019
6		 2019
Income from:
Donations
and legacies		 526,149 578,831 1,104,980 527,264 90,951 618,215
Charitable
activities		 31,371 31,371 98,226 98,226
Investments 36,845 436 37,281 35,731 207 35,938
Other income 2,639 2,639 17 17
Total Income 597,004 579,267 1,176,271 661,238 91,158 752,396
~ECht
Chaditable
activities		 527,655 78,825 606,480 602,850 71,538 674,388
Net income before
transfers 69,349 500,442 569,791 58,388 19,620 78,008
Gross transfers
between funds 18 30,852 (30,852) (65,596) 65,596
Net income for the year/
Net movement in funds 100,201 469,590 569,791 (7,208) 85,216 78,008
Reconciliation offunds
Fund balances at 1
January 2020 6,461,828 87,583 6,549,411 6,469,036 2,367 6,471,403
Fund balances at 31
December 2020 6,562,029 557,173 7,119,202 6,461,828 87,583 6,549,411

2020 2019
Notes 6 6
Fixed assets
Tangible assets 10 4,540,995 4,634,948
Investment
properties		 11 2,150,000 2,150,000
6,690,995 6,784,948
Current assets
Debtors 12 168,563 80,616
Cash at bank and in hand 1,055,740 563,093
1,224,303 643,709
Creditors: amounts falling due within 13
one year (108,485) (102,974)
Net cunent assets 1,115,818 540,735
Total assets less current liabilities 7,806,813 7,325,683
Creditors: amounts falling due after
more than one year 15 (687,611) (776,272)
Net assets 17 7,119,202 6,549,411
Restricted funds
Total restricted
funds		 18 557,173 87,583
Unrestricted
funds
General
unrestricted		 funds 5,732,029 5,631,828
Revaluation
reserve		 830,000 830,000
Total unrestricted funds 6,562,029 6,461,828
7,119,202 6,549,411

2020 2019
Notes f f
Cash flows from operating activities
Cash generated
from operations		 21 569,226 110,698
Investing activities
Purchase oftangible
fixed assets		 (29,884) (16,158)
Interest and rent from properties 37,281 35,938
Net cash generated
from investing
activities 7,397 19,780
Financing activities
Repayment of bank loans (83,976) (74,174)
Net cash used in financing activities (83,976) (74,174)
Net increase
in cash and cash equivalents		 492,647 56,304
Cash and cash equivalents at beginning ofyear 563,093 506,789
Cash and cash equivalents at end of year 1,055,740 563,093

Unrestricted Restricted Total Total
funds funds 2020 2019
Donations and gifts 495,534 578,831 1,074,365 618,215
Legacies receivable 30,615 30,615
526,149 578,831 1,104,980 618,215

2020 2019
6 6
Book &CD income 198 966
Hire of premises 22,327 66,603
Cafe 8,364
Events 1,646 19,893
Rent 7,200 2,400
31,371 98,226

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
6 6 f E
Rental income 36,724 36,724 35,447 35,447
Interest receivable 121 436 557 284 207 491
36,845 436 37,281 35,731 207 35,938

Unrestricted Missionary Auditorium Other Total Total
support restricted 2020 2019
6 6 6
Employee costs 217,568 217,568 232,435
Other staff related costs 50,054 50,054 45,430
Direct costs 12,354 1,205 13,559 59,192
279,976 1,205 281,181 337,057
Grant funding
of
activities (see note 7) 925 71,944 2,368 75,237 71,155
Share of support costs
(see note 6) 241,327 25 3,283 244,635 260,923
Share of governance
costs (see note 6) 5,427 5,427 5,253
527,655 71,969 3,283 3,573 606,480 674,388
Analysis by fund
Unrestricted
funds		 527,655 527,655
Restricted funds 71,969 3,283 3,573 78,825
527,655 71,969 3,283 3,573 606,480
Support Governance 2020 2019
costs costs
6 6
123,837 123,837 123,661
58,098 58,098 63,969
62,700 62,700 73,293
5,427 5,427 5,253
244,635 5,427 250,062 266,176
244,635 5,427 250,062 266,176

Unrestricted Unrestricted Unrestricted Missionary Other Other Total Total
support restricted 2020 2019
8 8 6 E
Grants to institutions:
Predica Fiel 6,257 1,868 8,125 8,663
Overseas
Missionary		 Fellowship 14,695 14,695 14,363
London
City Mission		 6,535 6,535 6,384
Insight 5,500 500 6,000
UFM 16,320 16,320 15,949
Pacific Trust 9,797 9,797 9,575
Proclamation
Institute		 Zambia 6,000 6,000 6,000
Slovakia Bretheren Church 6,000 6,000 6,000
Other 840 840
71,944 2,368 74,312 66,934
Grants to individuals 925 925 4,221
925 71,944 2,368 75,237 71,155
Trustees
Trustees were reimbursed E711for travel, phone and subsistence expenses (2019:E2,641).
The senior minister, John Samuel, is also a trustee and received remuneration of f45,516(2019:f44,605)
during
the year.		 Pension contributions of E4,528 (2019: F4,413) were made on his behalf. National
Insurance
Employers		 contributions ofE5,255 (2019:E4,952)were made on his behalf. These payments
are
permitted
under the		 terms ofthe Memorandum &Articles ofAssociation.
Employees
The average
monthly		 number ofemployees during the year was:
2020 2019
Number Number
Employment
costs		 2020 2019
6 6
Wages and salaries 183,546 196,549
Social security costs 14,460 16,124
Other pension costs 19,562 19,762
217,568 232,435

Tangible fix ed assets
Freehokl Fixtures, Total
buildings fittings
&
equipment
5
Cost
At 1 January 2020 5,456,527 72,378 5,528,905
Additions 29,884 29,884
At 31 December 2020 5,456,527 102,262 5,558,789
Depreciation and impairment
At 1 January 2020 842,253 51,704 893,957
Depreciation charged in the year 107,890 15,947 123,837
At 31 December 2020 950,143 67,651 1,017,794
Carrying
amount
At 31 December 2020 4,506,384 34,611 4,540,995
At 31 December 2019 4,614,274 20,674 4,634,948

2020 2019
5 6
2,150,000 2,150,000

12 Debtors
2020 2019
Amounts
falling due		 within one year: 6 6
Other debtors 52,269 58,686
Prepayments
and accrued
income		 116,294 21,930
168,563 80,616
13 Creditors: amounts falling due within one year
2020 2019
Notes 6 6
Loans and overdrafts 15 58,672 53,987
Other taxation and social security 4,631 5,194
Other creditors 16,082 20,132
Accruals and deferred income 29,100 23,661
108,485 102,974
14 Creditors: amounts falling due after more than one year
Notes 2020f 2019
6
Bank loans 15 687,611 776,272
15 Loans and overdrafts
2020 2019
6 6
Bank loans 746,283 830,259
Payable within one year 58,672 53,987
Payable after one year 687,611 776,272
Amounts
included
above which fall due after five years:
Payable
by instalments		 451,258 545,498

Analysis ofnet assets assets between funds funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
5 8 8 f 5 5
Fund balances at 31
December 2020 are
represented
by:
Tangible assets 4,540,995 4,540,995 4,634,948 4,634,948
Investment properties 2,150,000 2,150,000 2,150,000 2,150,000
Current assets/
(liabilities) 558,645 557,173 1,115,818 453,152 87,583 540,735
Long term liabilities (687,611) (687,611) (776,272) (776,272)
6,562,029 557,173 7,119,202 6,461,828 87,583 6,549,411
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on trust for specific purposes:
Movement in funds
Balance at 1 Income Expenditure Transfers Balance at 31
January December
2020 2020
6 F 8 E 6
Missionary support 2,264 (71,969) 69,705
Fellowship 2,367 2,367
Ministry
Support		 Fund (500) 500
Predica Fiel (formerly known as
Equipo Impacto) 2,902 (1,868) 1,034
Auditorium Fund 85,216 574,038 (3,282) (102,200) 553,772
Manna House (352) 352
Christmas 63 (854) 791
Other restricted funds 87,583 577,003 (8,856) (100,557) 557,173
87,583 579,267 (78,825) (30,852) 557,173

Movement Movement in funds
Balance at 1 Income Expenditure Transfers Balance at 31
January December
2019f 2019
6
Missionary support 5,538 (67,788) 62,250
Fellowship 2,367 2,367
Ministry
Support		 Fund 562 (1,099) 537
Auditorium Fund 84,366 850 85,216
Manna House 41 (582) 541
Christmas 651 (2,919) 2,268
Other restricted funds 2,367 85,620 (3,750) 3,346 87,583
2,367 91,158 (71,538) 65,596 87,583

The remun eration
of key management
personnel
isas		 follows.
2020 2019
8 6
Aggregate compensation 97,460 96,777

At 1January Cash flows At 31Deoemher
2020 2020
6 6
Cash at bank and in hand 563,093 492,647 1,055,740
Loans falling due within one year (53,987) (4,685) (58,672)
Loans falling due after more than one year (776,272) 88,661 (687,611)
(267,166) 576,623 309,457
21 Cash generated from operations 2020 2019
6 8
Surplus for the year 569,791 78,008
Adjustments
for:
Investment
income recognised		 in profit or loss (37,281) (35,938)
Depreciation
and		 impairment oftangible fixed assets 123,837 123,661
Movements
in working		 capital:
(Increase)
in debtors		 (87,947) (46,800)
Increase/(decrease)
in		 creditors 826 (8,233)
Cash generated from operations 569,226 110,698



under non-cancettabte
operating
leases, which fall due a
s follows:
2020 2019
6 f
Within one year 6,096 4,915
Between two and five years 15,416 6,269
In over five years 4,921 6,351
26,433 17,535