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2022-09-30-accounts

Charity Registration Number 1143503

Kent Foursquare Gospel Church

Report and Financial Statements

30 September 2022

Kent Foursquare Gospel Church

Reference and administrative details

For the year end September 2022

Status Kent Foursquare Church is an unincorporated organisation registered with the Charity Commission It is an affiliation of Foursquare Church Great Britain

Governing document The organization was constituted under the declaration of Trust Deed dated 15 August 2011.

Address 22 Ship Lane, Sutton at Hone, Dartford DA4 9EF

Charity number 1143503

Trustees Rev Akeem Akinwunmi Andrew Adevemi Pastor Olufemi B Lawani

Pastor (Mrs) Olufunmilayo Yetunde Adeyemi

Rev Elkanah Oluyinka Oluwagbesan

Bankers LLOYDS BANK

Independent Examiner Olugbenga Coker PhD FCCA FCA

1 Holmdale Road, Chislehurst BR6BY Kent

Foursquare Gospel Church

Report of the Board of Trustees for the year ended 30 September 2022

Introduction

Kent Foursquare Gospel Church U. K is an unincorporated organisation registered with the Charity Commission I1143503] constituted under the declaration of Trust Deed dated 15 August 2011. It is an affiliation of Foursquare Church Great Britain with the head office now in Luton, Bedfordshire.

The aim of the Charity is to propagate the gospel of Jesus Christ in Kent and the surrounding areas. Kent Foursquare Gospel Church U. K as a local church under Foursquare Church Great Britain is accountable to the National Leader at the head office.

The church is governed at the local level by the Board of Trustees that is responsible for policies, strategies, activities and for setting out the administrative structure for running the Charity. There is also a Church Council that co-ordinates all the Spiritual and Administrative activities in the Church.

Current activities and programmes

The year 1 October 2021 to 30 September 2022 witnessed the continued growth of the Church. Following the move to our new Church building, we continued our physical worship gathering while also maintaining our online services. We continued our other activities towards achieving our objectives in the areas of outreach, evangelism, and mission. We conducted our weekly Sunday service and Wednesday Bible study on site and online. We also held daily prayer meetings online. Our Church’s Annual Convocation, Christmas Carols, Easter Service, Watchnight Service etc were held on-site and online.

Achievements and challenges

The Board of Trustees and the Church Council continue to meet regularly to plan and organise the programs and activities of the Church and make decisions on important issues. We appointed more pastors to assist in working towards the achievement of our mission. As part our duty to the community, we conduct fellowship and services on quarterly basis with the elderly at Eglantine Villa Care Home, Horton Kirby. We provide our church premises for regular use of the local councillors for community meetings for free.

Future projections

Our main aim is to continue to work towards the achievement of our objective of propagating the gospel and providing material and spiritual support to the needy. Our plan is to continue with the online method to carry out activities and programmes that support our objectives and combine that with onsite gatherings. We aim to reach out to more

communities and establish branches in Ashford and Southampton in the second quarter of 2023.

We will also continue to work collaboratively with other Churches in the Community of Sutton-at-Hone, Hawley, Swanley and other villages within Dartford on evangelism and welfare activities.

In collaboration with the Darent Valley Benefice and The Meeting Place at Sutton-at-Hone, we shall continue to fund the Christmas and Easter Secret Parcels/Gifts to the Elderly, Youth and Needy within the Community.

Financial review

During the year under review, Kent Foursquare Church received income of £120,129 about 37% increase from the income in the previous year (2021: £87,708). This was mainly because of increased membership and increased donation from members as we expand our outreach following the purchase of our permanent place of worship. The charity's overall expenditure in 2022 amounted to £91,558 a significant increase from the previous year’s (2021: £36,063). This was due mainly to mortgage interest payments and the cost of maintenance of our new building- cost we didn’t incur in the previous year as the premises was purchased towards the end of the year. We have increased our monthly mortgage payments to £1,500 for quicker liquidation of the principal balance to bring down the mortgage interest cost. The operating surplus for the year was £28,571 a decrease of 45% from the surplus of £51,645 in the previous year.

Reserves

The Board of Trustees considers that there are sufficient reserves held at the year end to mitigate any downturn in future income. The total unrestricted reserves at the yearend was £130,257 (2021: £101,686). Trustees consider that the charity has adequate resources to continue in operation for the foreseeable future.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the report and the financial statements in accordance with the requirements of the Charity Commission in England and Wales. We have prepared the financial statements for the year 2021/22 which give a true and fair view of the state of affairs of the charity, the incoming resources and application of resources, including the income and expenditure, of the charity. In preparing these financial statements we have selected suitable accounting policies and applied them consistently; made judgements and estimates that are reasonable and prudent; stated whether applicable UK Accounting Standards have been followed; prepared the financial statements on the going concern basis.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent examiner

The Trustees have re-appointed Dr Olugbenga Coker as Independent Examiner. He has agreed to continue to act in voluntary capacity.

Approved by the Board of Trustees on 12 January 2023 and signed on its behalf by

Akeem Akinwunmi A. ADEYEMI

Minister In-Charge & Chairman Board of Trustees

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

Charity Name Kent Foursquare Gospel Church

30 September 2022 Charity 1143503 On accounts for the no (if year ended any) Set out on pages 1 -15 The charity's trustees are responsible for the preparation of the accounts in Respective accordance with the Charities Act 2011 (“the Act”). responsibilities of trustees and examiner The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. It is my responsibility to: • examine the accounts under section 145 of the Charities Act, • to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and • to state whether particular matters have come to my attention Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. Independent examiner's In connection with my examination, no material matters have come to my statement attention which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 12 January 2023 Signed: Name: Olugbenga Coker Relevant professional FCCA qualification(s) or body Address: 1 Holmdale Road, Chislehurst BR7 6BY

Kent Foursquare Gospel Church Kent Foursquare Gospel Church Kent Foursquare Gospel Church Kent Foursquare Gospel Church 1143503
Annual accounts for the period
Period start date 01-Oct-21 To Period end
date		 30-Sep-22
Section A Statement of financial activities
Recommended categories by
activity		 Guidance Notes Unrestricted
funds
Restricted
income
funds		 Endowment
funds		 Total funds Prior year
funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 119,706 350 - 120,056 87,701
Charitable activities S02 - - - -
Other trading activities S03 - - - - -
Investments S04 72 72 6
Separate material item of income S05 - - - - -
Other S06 - - - - -
Total S07 119,779 350 - 120,129 87,708
Resources expended (Note 6)
Expenditure on:
Raising funds S08 - - - -
Charitable activities S09 91,058 500 - 91,558 36,063
Separate material item of expense S10 - - - - -
Other S11 - - - - -
Total S12 91,058 500 - 91,558 36,063
Net income/(expenditure) before
gains/(losses)		 investment S13 28,721 150
-		 - 28,571 51,645
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 28,721 150
-		 - 28,571 51,645
Extraordinary items S16 - - - - -
Transfers between funds S17 150
-		 150 - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use S18 - - - - -
Other gains/(losses) S19 - - - - -
Net movement in funds S20 28,571 - - 28,571 51,645
Reconciliation of funds:
Total funds brought forward S21 101,686 - - 101,686 50,041
Total funds carried forward S22 130,257 - - 130,257 101,686

Section B Balance sheet

Guidance Notes Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total this
year		 Total prior
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F04
Intangible assets(Note 15) B01 - - - - -
Tangible assets(Note 14) B02 283,555 - - 283,555 282,574
Heritage assets(Note 16) B03 - - - - -
Investments(Note 17) B04 15,000 - - 15,000 -
Total fixed assets B05 298,555 - - 298,555 282,574
Current assets
Stocks(Note 18) B06 - - - - -
Debtors(Note 19) B07 - - - - 700
Investments(Note 17.4) B08 - - - - -
Cash at bank and in hand(Note 24) B09 11,312 - - 11,312 16,011
Total current assets B10 11,312 - - 11,312 16,711
Creditors: amounts falling due within
one year(Note 20)		 B11 353 - - 353 1,830
Net current assets/(liabilities) B12 10,959 - - 10,959 14,881
Total assets less current liabilities B13 309,514 - - 309,514 297,455
Creditors: amounts falling due after
one year(Note 20)		 B14 179,257 - - 179,257 195,769
Provisions for liabilities B15 - - - - -
Total net assets or liabilities B16 130,257 - - 130,257 101,686
Funds of the Charity
Endowment funds (Note 27) B17 - - -
Restricted income funds (Note 27) B18 - - -
Unrestricted funds B19 130,257 - 130,257 101,686
Revaluation reserve B20 - -
Total funds B21 130,257 - - 130,257 101,686
Signed by one or two trustees on behalf of all
the trustees		 Signature Print Name Date of
approval
dd/mm/yyyy
Rev Akeem Adeyemi 12/01/2023
Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts
Note 1Basis ofpreparation
This section should be completed by all charities.
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or
transaction value unless otherwise stated in the relevant note(s)to these accounts.
The accounts have beenprepared in accordance with:
• and with* ✓ the Statement of Recommended Practice: Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102)
• and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by
FRS 102.*		 ✓
* -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the
charity's ability to continue as a going concern, please provide the following details or state "Not
applicable", if appropriate:
An explanation as to those factors that
support the conclusion that the charity is a
going concern;
Disclosure of any uncertainties that make
the going concern assumption doubtful;		 Not Applicable
Where accounts are not prepared on a
going concern basis, please disclose this
fact together with the basis on which the
trustees prepared the accounts and the
reason why the charity is not regarded as a
going concern.		 Not Applicable
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes* ✓ * -Tick as appropriate
No* ✓
Please disclose:
(i) the nature of the change in accounting policy; Not Applicable
(ii) the reasons why applying the new accounting
policy provides more reliable and more relevant
information; and		 Not Applicable
(iii) the amount of the adjustment for each line
affected in the current period, each prior period
presented and the aggregate amount of the
adjustment relating to periods before those
presented, 3.44 FRS 102 SORP.		 Not Applicable
1.4 Changes to accounting estimates
No changes to accountingestimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes* ✓ * -Tick as appropriate
No*
Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts (cont) (cont) (cont)
Note 2 Accounting policies
2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". W
different or additional policy has been adopted then this is detailed in the box below.		 here a
Recognition of income These areincludedinthe Statement of Financial Activities (SoFA)when:
• the charity becomes entitled to theresources;
· itismorelikely than not that the trusteeswill receive theresources; and Yes No N/a
• themonetaryvalue canbemeasuredwithsufficientreliability. ✓
Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless
required orpermitted bythe FRS 102 SORP or FRS 102.		 Yes No N/a
✓
Grants and donations Grants and donations are only included in the SoFA when the general income
recognition criteria are met(5.10 to 5.12 FRS102 SORP).		 Yes No N/a
✓
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).		 Yes No N/a
✓
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.		 Yes No N/a
✓
Government grants The charity has received government grants in the reporting period Yes No N/a
✓
Tax reclaims on
donations and gifts		 Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.		 Yes No N/a
✓
Contractual income and
performance related
grants		 This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.		 Yes No N/a
✓
Donated goods Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.		 Yes No N/a
✓
The cost of any stock of goods donated for distribution to beneficiaries is deemed to
be the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are
recognised as an expense at the carryingamount of the stocks at distribution.		 Yes No N/a
✓
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other tradingactivities'.		 Yes No N/a
✓
Goods donated for on-going use by the charity are recognised as tangible fixed
assets and included in the SoFA as incomingresources when receivable.		 Yes No N/a
✓
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.		 Yes No N/a
✓
Donated services and
facilities		 Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.		 Yes No N/a
✓
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
headingin the SOFA.		 Yes No N/a
✓
Support costs The charity has incurred expenditure on support costs. Yes No N/a
✓
Volunteer help The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.		 Yes No N/a
✓
Income from interest,
royalties and dividends		 This is included in the accounts when receipt is probable and the amount receivable
can be measured reliably.		 Yes No N/a
✓
Income from
membership
subscriptions		 Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.		 Yes No N/a
✓
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.		 Yes No N/a
✓
Settlement of insurance
claims		 Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.		 Yes No N/a
✓
Investment gains and
losses		 This includes any realised or unrealised gains or losses on the sale of investments
and any gain or loss resulting from revaluing investments to market value at the end of
theyear.		 Yes No N/a
✓
2.3 EXPENDITURE AND LIABILITIES 2.3 EXPENDITURE AND LIABILITIES 2.3 EXPENDITURE AND LIABILITIES 2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.		 Yes No N/a
✓
Governance and
support costs		 Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.		 Yes No N/a
✓
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property
costs by floor areas, or per capita, staff costs by the time spent and other costs by
their usage.		 Yes No N/a
✓
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level
of service or output to be provided, such grants are only recognised in the SoFA once
the recipient of the grant has provided the specified service or output.		 Yes No N/a
✓
Grants payable without
performance conditions		 Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.		 Yes No N/a
✓
Redundancy cost The charity made no redundancy payments during the reporting period. Yes No N/a
✓
Deferred income No material item of deferred income has been included in the accounts. Yes No N/a
✓
Creditors The charity has creditors which are measured at settlement amounts less any trade
discounts		 Yes No N/a
✓
Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date		 Yes No N/a
✓
Basic financial
instruments		 The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs
11.17to11.19,FRS102SORP.		 Yes No N/a
✓
2.4 ASSETS
Tangible fixed assets for
use by charity		 These are capitalised if they can be used for more than one year, and cost at least 500
They are valued at cost. Yes No N/a
✓
The depreciation rates and methods used are disclosed in note 9.2.
Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in
note 9.5		 Yes No N/a
✓
They are valued at cost. Yes No N/a
✓
Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The
depreciation rates and methods used as disclosed in note 9.6.1.4.		 Yes No N/a
✓
Yes No N/a
They are valued at cost. ✓
Investments Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the
year end. The same treatment is applied to unlisted investments unless fair value
cannot bemeasuredreliablyin whichcaseitismeasured at costlessimpairment.		 Yes No N/a
✓
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments		 Yes No N/a
✓
Stocks and work in
progress		 Stocks held for sale as part of non-charitable trade are measured at the lower or cost
realisable value.		 or net Yes No N/a
✓
Goods or services provided as part of a charitable activity are measured at net realisab
value based on the service potential provided by items of stock.		 le Yes No N/a
✓
Work in progress is valued at cost less any foreseeable loss that is likely to occur on
contract.		 the Yes No N/a
✓
Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity.
Subsequently, they are measured at the cash or other consideration expected to be
received.		 Yes No N/a
✓
Current asset
investments		 The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit
and cash equivalents with a maturity date of less than one year held for investment purposes
rather than to meet short term cash commitments as they fall due.		 Yes No N/a
✓
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments. ✓ ✓ ✓

Section C Notes to the accounts (cont)

Note 3 Analysis of income
Analysis Unrestricted
funds
Restricted
income
funds		 Endowment
funds
Total funds		 Prior year
£ £
Donations
and legacies:		 Donations and gifts 104,963 350 - 105,313 69,305
GiftAid 14,743 - - 14,743 18,396
Legacies - - - - -
General grants provided by government/other
charities		 - - - - -
Membership subscriptions and sponsorships
whichareinsubstance donations		 - - - - -
Donated goods,facilities and services - - - - -
Other - - - -
Total 119,706 350 - 120,056 87,701
Charitable
activities:		 - - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities:		 - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from
investments:		 Interestincome 1 - - 1 6
Dividendincome-GSK&Haleon 72 - - 72 -
Rentalandleasingincome - - - - -
Other - - - - -
Total 72 - - 72 6
Separate
material item
of income:		 - - - - -
- - - - -
Insurance claim-Van - - - - -
Total - - - - -
Other: Conversionofendowmentfundsintoincome - - - - -
Gain on disposal of a tangible fixed asset held
forcharity's ownuse		 - - - - -
Gain on disposal of a programme related
investment		 - - - - -
Royalties from the exploitation of intellectual
propertyrights		 - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 119,779 350 - 120,129 87,708
Other information:
All income in the prior year was unrestricted except for: (please
provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Within the income items above the following items are material:
(please disclose the nature, amount and any prior year
amounts)

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure
Analysis Unrestricted
funds
Restricted
income
funds		 Endowment
funds
Total funds		 Prior year
£ £
Expenditure on raising funds: Incurred seeking donations - - - - -
Incurred seeking legacies - - - - -
Incurred seeking grants
Operating membership schemes
and social lotteries
Staging fundraising events
Fudraising agents
Operating charity shops
Operating a trading company
undertaking non-charitable trading
activity
Advertising, marketing, direct mail
and publicity		 - - - - -

Start up costs incurred in
generating new source of future
 - - - - -
~~i~~
Database development costs		 - - - - -
Other trading activities
Investment management costs: - - - -
Portfolio management costs - - - - -

Cost of obtaining investment
advice		 - - - - -
Investment administration costs - - - - -
Intellectual property licencing
costs		 - - - - -
Rent collection, property repairs
and maintenance charges		 - - - - -
Total expenditure on raising
funds		 - - - - -
Expenditure on charitable activities 91,058 - - 91,058 36,063
- - - - -
- - - - -
- - - - -
Total expenditure on charitable
activities		 91,058 - - 91,058 36,063
Separate material item of expense - - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Other
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total other expenditure - - - - -
TOTAL EXPENDITURE 91,058 - - 91,058 36,063
Other information:
Analysis of expenditure on charitabl e activities
Activity or programme Activities u ndertaken directly Grant
funding
of
activities		 Support
Costs		 Total this
year		 Total
prior year
£ £ £ £ £
Benevolence and welfare 5,044 5,044 4,757
Evangelism and Mission inc depcn 10,821 10,821 23,763
Salaries-Pastors 34,583 34,583
Conference Expenses 2,441 2,441 3,001
Administrative expenses 6,018 6,018 4,541
Mortgage interest 14,979 14,979
Loan interest 251 251
Church repair 13,759 13,759
Depreciation 2,713 2,713
Youth Programmes, Training & Activi ties 450 450
Total - 91,058 36,063
Prior year expenditure on charitable a
analysed as follows:		 ctivities can be
Within the expenditure items above th
are material: (please disclose the natu
prior year amounts)		 e following items
re, amount and any

Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
Freehold land
& buildings		 Other land &
buildings		 Plant,
machinery and
motor vehicles
Fixtures,
fittings and
equipment		 Total
£ £ £ £ £
At the beginning of the
year		 280,000 11,124 8,140 1,000 300,264
Additions 3,694 3,694
Revaluations - -
Disposals - -
Transfers * - - - - -
At end of the year 280,000 14,818 8,140 1,000 303,958
14.2 Depreciation and impairments
**Basis SL SL SL SL SL Straight Line
("SL") or
Reducing
Balance
("RB")
** Rate 20% 25% 20%
At beginning of the
year		 - 9,350 8,140 200 17,690
Disposals - -
Depreciation - 2,513 - 200 2,713
Impairment - - - - -
Transfers* - - - - -
At end of the year - 11,863 8,140 400 20,403
14.3 Net book value
Net book value at the
beginning of the year		 280,000 1,774 - 800 282,574
Net book value at the
end of the year		 280,000 2,955 - 600 283,555
14.4 Impairment
Please provide a description of the events and
circumstances that led to the recognition or
reversal of an impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied and significant
assumptions
the carrying amount that would have been
recognised had the assets been carried under
the cost model.
14.6 Other disclosures
(i) Please state the amount of borrowing costs,
if any, capitalised in the construction of tangible
fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual
commitments for the acquisition of tangible fixed
assets.
(iii) Details of the existence and carrying
amounts of property, plant and equipment to
which the charity has restricted title or that are
pledged as security for liabilities.
* The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable(SL = straight

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
20.1 Analysis of creditors
Amounts falling due within
oneyear
Amounts falling due after
more than oneyear
This year Last year This year Last year
£ £ £ £
Accruals for grants payable - - - -
Bank loans and overdrafts- Covid 19 Bounce back 9,800 12,000
Trade creditors 353 1,830 - -
Payments received on account for contracts or
performance-related grants		 - - - -
Accruals and deferred income - - - -
Taxation and social security - - - -
Other creditors- Kingdom Bank Mortgage - 169,457 -
Total 353 1,830 179,257 12,000
20.2 Deferred income
Please complete this note if the charity has deferred income.
Please explainthe reasons why income is deferred.
Movement indeferred income account This year Last year
£ £
Balance at the start of the reporting period - -
Amounts added incurrent period - -
Amounts released to income from previous periods - -
Balance at the end of the reporting period - -
Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts (cont) (cont) (cont)
Note 24Cash at bankand in hand
This year Last year
£ £
Short term cash investments (less than 3 months maturity date) - -
Short termdeposits- Building Fund 8,189
Cash at bank and on hand 11,312 45,218
Other - -
Total 11,312 53,407