# 



|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'<br>report||1-5|
|Independent<br>auditor's|report|6-8|
|Statement offinancial|activities||
|Balance sheet||10|
|Statement ofcash flows|||
|Notes to the financial|statements|12 - 23|





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|The trustees,|who are|also the directors for the purpose<br>of|also the directors for the purpose<br>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)||





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
||Notes|2020<br>6|2020f|2020<br>6|2019<br>6|2019<br>6|2019|
|Income from:||||||||
|Donations<br>and legacies||526,149|578,831|1,104,980|527,264|90,951|618,215|
|Charitable<br>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<br>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|





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|||||2020|2019|
|---|---|---|---|---|---|
||||Notes|6|6|
|Fixed assets||||||
|Tangible assets|||10|4,540,995|4,634,948|
|Investment<br>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<br>funds|||18|557,173|87,583|
|Unrestricted<br>funds||||||
|General<br>unrestricted||funds||5,732,029|5,631,828|
|Revaluation<br>reserve||||830,000|830,000|
|Total unrestricted|funds|||6,562,029|6,461,828|
|||||7,119,202|6,549,411|



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|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|f||f||
|Cash flows from operating||activities||||||
|Cash generated<br>from operations|||21||569,226||110,698|
|Investing|activities|||||||
|Purchase|oftangible<br>fixed assets|||(29,884)||(16,158)||
|Interest and rent from properties||||37,281||35,938||
|Net cash|generated<br>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<br>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|





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|||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|





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||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|



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|||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|





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|||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<br>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<br>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|





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|||||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<br>Missionary||Fellowship||||||14,695||||||14,695|14,363|
|London<br>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<br>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<br>the year.|Pension||contributions||of|E4,528||(2019: F4,413) were|||made||on|his behalf.|National|
|Insurance<br>Employers||contributions||ofE5,255||(2019:E4,952)were|||made|on|his|behalf.||These payments<br>are||
|permitted<br>under the|terms||ofthe Memorandum|||&Articles ofAssociation.||||||||||
|Employees||||||||||||||||
|The average<br>monthly||number ofemployees|||during||the year was:|||||||||
|||||||||||||||2020|2019|
||||||||||||||Number||Number|
|Employment<br>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|



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|Tangible fix|ed assets|||||
|---|---|---|---|---|---|
||||Freehokl|Fixtures,|Total|
||||buildings|fittings<br>&||
|||||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<br>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|



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





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|12|Debtors|||||
|---|---|---|---|---|---|
|||||2020|2019|
||Amounts<br>falling due|within one year:||6|6|
||Other debtors|||52,269|58,686|
||Prepayments<br>and accrued<br>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<br>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<br>included<br>above which fall due after five years:|||||
||Payable<br>by instalments|||451,258|545,498|





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|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<br>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<br>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|



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|||||Movement|Movement|in funds|||
|---|---|---|---|---|---|---|---|---|
||||Balance at 1|Income|Expenditure||Transfers|Balance at 31|
||||January|||||December|
||||2019f|||||2019<br>6|
|Missionary|support|||5,538|(67,788)||62,250||
|Fellowship|||2,367|||||2,367|
|Ministry<br>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|





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



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||||||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<br>for:|||||||
||Investment<br>income recognised|||in profit or loss||(37,281)|(35,938)|
||Depreciation<br>and|impairment||oftangible fixed assets||123,837|123,661|
||Movements<br>in working||capital:|||||
||(Increase)<br>in debtors|||||(87,947)|(46,800)|
||Increase/(decrease)<br>in||creditors|||826|(8,233)|
||Cash generated|from|operations|||569,226|110,698|





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|<br><br>under non-cancettabte<br>operating<br>leases, which fall due a|<br>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|