| Page | ||||
|---|---|---|---|---|
| Report ofThe | Trustees | 2-4 | ||
| Independent | Examiner's | Report | ||
| Statement of |
Financial | Activities | ||
| Balance Sheet | ||||
| Notes to the Financial Statements | ||||
| Detailed Statement of Financial |
Activities | 10 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrestricted | Fund | Fund | ||||
| Notes | ||||||
| income Resources | ||||||
| Incoming Resources |
From Generated | Funds | ||||
| Voluntary Income |
1 | 293,598 | 293,598 | 314,444 | ||
| Total Income Resources | 293,598 | 293,598 | 314,444 | |||
| Resources Expended | ||||||
| Charitable Activities |
||||||
| Physical &Spiritual | Need | 287,765 | 287,765 | 257,884 | ||
| Governance Costs |
2 | 13,537 | 13,537 | 13,629 | ||
| Total Resources |
Expended | 301,302 | 301,302 | 271,513 | ||
| NET INCOMING | RESOURCES | (7,704) | (7,704) | 42,932 | ||
| RECONCILATION | QF FUNDS | |||||
| Total Funds Balances b/fwd |
1681202 | 168,202 | 125,270 | |||
| Total Funds Balances c/fwd | 169499 | 160,498 | 168,202 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Total | Total | |||
| E | ||||
| FIXED ASSETS | ||||
| Leasehold Improvements |
20,792 | 20,792 | 20,792 | |
| Tangible assets |
4 | 26,983 | 26,983 | 28,632 |
| CURRENT ASSETS | ||||
| Debtors | 5 | 18,000 | 18,000 | |
| Cash at bank and in hand | 166,603 | 166,603 | 202,740 | |
| CREDITORS | ||||
| Amounts Falling Due within one Year |
6 | 1,434 | 1,365 | |
| NET CURRENT ASSETS | 183,169 | 183,169 | 201,375 | |
| TOTAL ASSETS LESSCURRENT | ||||
| LIABILITIES | 210,152 | 230,944 | 230,007 | |
| CREDITORS | ||||
| Amounts Falling Due after one Year |
7 | (70,445) | (70,445) | (61.806) |
| NET ASSETS | 139.708 | 160,498 | 168,202 | |
| Unrestricted Funds |
||||
| Restricted funds |
168,205 | 168,205 | ||
| Unrestricted Funds |
(7,707) | (3) | ||
| TOTAL FUNDS | 160,498 | 168,202 |
| 2021 | 2020 | ||
|---|---|---|---|
| E | E | ||
| Tithes 8Offering | 195,878 | 201,243 | |
| Offering | 34,402 | 30,670 | |
| Thanksgiving | 8,420 | 11,351 | |
| Welfare | Fund | ||
| Building | Fund | 120 | |
| Other Income | 11,810 | 1,698 | |
| Gift Aid | 15,528 | ||
| Grant | 42,862 | ||
| Interest | Receivable | 107 | 288 |
| 293,599 | 260,778 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Other Grants |
42,969 | 288 | ||||||||
| 2 | Governance Costs |
2021 | 2020 | |||||||
| Accountancy | 650 | 650 | ||||||||
| Legal fees |
12,887 | 12,979 | ||||||||
| 13,537 | 13,629 | |||||||||
| for the year ended |
31 December | 2021 | ||||||||
| Trustees' expenses | ||||||||||
| 3 | Wages and salaries |
111,736 | 92,949 | |||||||
| Social security costs |
11,764 | 9,273 | ||||||||
| 123,500 | 102,222 | |||||||||
| The average monthly |
number | ofemployees during |
the year | i | 2021 | 2020 | ||||
| No employees received emoluments |
in | excess | of | f60,000. | ||||||
| 4 | Tangible fixed assets |
|||||||||
| Hardware | Choir Iwusic | Motor | ||||||||
| Equipment E |
Equipmentf | vehicles | Totalf | |||||||
| Cost | ||||||||||
| At 1 January 2021 |
51,478 | 85,490 | 43,'141 | 180,109 | ||||||
| Additions | 4,078 | 4,078 | ||||||||
| At 31 December 2021 | 51,478 | 89,568 | 43,141 | 184,187 | ||||||
| Depreciation | ||||||||||
| At 1 January 2021 |
50,084 | 58,252 | 43,141 | 151,477 | ||||||
| Charge for the year | 279 | 5,448 | 5,727 | |||||||
| At 31 December 2021 | 50,363 | 63,700 | 43,141 | 157,204 | ||||||
| Net book value | ||||||||||
| At 31 December 2021 | 1,115 | 25,868 | 26,983 | |||||||
| At 31 December 2020 | 1,394 | 27,238 | 28632 | |||||||
| 5 | Debtors: Amounts | Falling | Due within | one | year | 2021f | 2020f | |||
| Other debtors | 18000 |
| 2021f | 2020f |
|---|---|
| 18,000 | |
| 18,000 |
| 6 | Creditors: | amounts | amounts | falling due | falling due | within one year | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|
| E | f | ||||||||
| Trade creditors | 650 | 650 | |||||||
| Creditors | - Pension | 784 | 715 | ||||||
| 1,434 | 1,365 | ||||||||
| 7 | Creditors: | amounts | falling due | after one year | 2021 | 2020f | |||
| Creditors | - PAYE |
22,319 | 11,806 | ||||||
| Creditors | - BBL | 48,126 | 50,000 | ||||||
| 70,445 | 61,806 | ||||||||
| Net | |||||||||
| Movement | |||||||||
| 8 | Movement | in | Funds | At | 01 01 21 | In Funds | At 31 12 21 | ||
| f | E | f | |||||||
| Unrestricted | funds | ||||||||
| General fund |
(3) | (7,704) | (7,707) | ||||||
| Building Fund |
168,205 | 168,205 | |||||||
| TOTAL FUNDS | 168,202 | (7,704) | 160,498 | ||||||
| Net movement | in funds, | included | in the above are | as follows: | |||||
| Incoming | Resources | Movement in |
|||||||
| Resources | Expendedf | Funds f. |
|||||||
| Unrestricted | funds | ||||||||
| General fund | 293,598 | 301,302 | (7,704) | ||||||
| Building Fund |
|||||||||
| Total Fund | 293 598 | 301 302 | (7,704) |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| Fund | Fund | |||
| INCOMING RESOURCES |
||||
| Tithes &Offering | 195,878.33 | 195,878.33 | 201,243.00 | |
| Offering | 34,401.71 | 34,401.71 | 30,670.00 | |
| Thanksgiving | 8,419.65 | 8,419.65 | 11,351.00 | |
| Building fund | 120.00 | 120.00 | ||
| Other Income | 11,809.87 | 11,809.87 | 1,698.00 | |
| Gift Aid | 15,528.00 | |||
| Grant | 42,861.51 | 42,861.51 | 53,666.00 | |
| Interest Receivable | 106.63 | 106.63 | 288.00 | |
| Total Incoming Resources |
293,597.70 | 293597.70 | 314,444.00 | |
| RESOURCES EXPENDED | ||||
| Charitable Activities |
||||
| Pastoral allowances | ||||
| Members' Training |
and Welfare | 2.649.00 | 2,649.00 | 6,750.00 |
| Books &.Printing | 1,675.00 | 1,675.00 | 472.00 | |
| Honorarium &.volunteer |
9,382.00 | 9,382.00 | 6,503.00 | |
| Bank Charges | 1,278.00 | 1,278.00 | 2,276.00 | |
| Ministry Expenses - |
Mission | 5,433.00 | 5,433.00 | 7,160,00 |
| Advertising | 25.00 | |||
| WEM &Central funding | 35,750.00 | 35,750.00 | 35,715.00 | |
| Travelling and subsistence |
438.00 | 438.00 | 165.00 | |
| Printing, postage & |
stationery | 753.00 | 753.00 | 3,485.00 |
| Multimedia Expenses |
488.00 | 488.00 | 3,108.00 | |
| Church expenses | 9,573.00 | 9,573.00 | 5,457.00 | |
| Evangelical/outreach | materials | 2,980.00 | 2,980.00 | 4,898.00 |
| Donation &Gift |
1,000.00 | 1,000.00 | ||
| Telephone and fax |
4,589.00 | 4,589.00 | 3,819.00 | |
| 25,988.00 | 75,988.00 | 79,833.00 | ||
| Governance Costs |
||||
| Accountancy fees |
650.00 | 650.00 | 650.00 | |
| Professional charges |
12,887.00 | 12,887.00 | 12,979.00 | |
| 13,537.00 | 13,537.00 | 13.629.00 |
| Support Costs Management |
|||
|---|---|---|---|
| Rent &rates | 61,932.00 | 61,932.00 | 55,590.00 |
| Light &heat | 3,446.00 | 3,446.00 | 3,348.00 |
| Insurance | 6,372.00 | 6,372.00 | 3,215.00 |
| Software &IT | 203.00 | 203.00 | 315.00 |
| Repairs 6 maintenance | 4,936.00 | 4,936.00 | 82.00 |
| Security - Service Charges | 709.00 | 709.00 | 871.00 |
| Building Expenses |
740.00 | 740.00 | 2,045.00 |
| Cleaning | 614.00 | 614.00 | 1,235.00 |
| Motor expenses | 1,201.00 | 1,201.00 | 709.00 |
| Wages &salarie~ | 111,736.00 | 111,736.00 | 92,949.00 |
| Social Security | 11,764.00 | 11,764.00 | 9,273.00 |
| Employers Pension |
2,398.00 | 2.398.00 | 2,242.00 |
| Depreciation charge |
5.726.00 | 5,726.00 | 6.177.00 |
| 211,777.00 | 211,777.00 | 178,051.00 | |
| TOTAL RESOURCES EXPENDED | 301302.00 | 301,302.00 | 271,513.00 |
| NET INCOME | 7,704.30 - | 7,704.30 | 42,931.00 |