2021-12-31-accounts

				Year	ended 31 Dec	2021		Year	ended 31 Dec	2020
				Restricted	Unrestricted	Total		Restricted	Unrestricted	Total
				Funds	Funds			Funds	Funds
			Note	E	E		E	E	E	E
Income from:
Donations and legacies				88,424	1,165,818	1,254,242		144,207	601,611	745,818
Other trading activities					36,770		36,770		49,252	49,252
Investments					15,023		15,023		25,071	25,071
Total income				88,424	1,217,611	1,306,035		144,207	675,934	820,141
Expenditure on:
Charitable activities				97,226	1,131,499	1,228,725		74,959	678,030	752,989
Total expenditure				97,226	1,131,499	1,228,725		74,959	678,030	752,989
Net gains/(losses) investments		on	10						(32,481)	(32,481)
Net (expenditure) /income				(8,802)	86,112		77,310	69,248	(34,577)	34,671
Transfer between
funds			17	21,345	(21,345)			653	(653)
Net movement	in
funds				12,543	64,767		77,310	69,901	(35,230)	34,671
Reconciliation	of
funds
Total fund brought
forward				84,940	3,791,705	3,876,645		15,039	3,826,935	3,841,974
Total funds carried
forward				97,483	3,856,472	3,953,955		84,940	3,791,705	3,876,645

alance she	et as	at 31D	ecember 2021
				31.12.2021	31.12.2020
			Note	6	6
Fixed assets
Tangible assets
Properties			10	1,875,000	1,850,000
Equipment and furniture			11	496,172	94,978
Property improvements			12	1,253,450
Investments			13	2
				3,624,624	1,944,980
Current assets
Stocks				9,288	31,761
Debtors and prepayments			14	208,301	461,835
Cash at bank	and in hand			399,523	1,492,837
				617,112	1,986,433
Current liabilities
Creditors: amounts		falling
due within one	year		I5	287,781	54,768
Net currenr assets				329,331	1,931,665
Net assets			16	3,953,955	3,876,645
Funds
Restricted funds			17	97,483	84,940
Unrestricted funds
Revaluation	reserves		17
Designated funds			17	283,670	636,426
General funds
			17	3,572,802	3,155,279
Total funds				3,953,955	3,876,645

					Yearended	Yearended	Year ended	Year ended
					31 Dec	2021	31 Dec	2020
				Note	E		E
Cash utilised by operating	activities			(i)		597,943		38,471
Cash flows from investing activities
Other income						15,023		25,071
Purchase oftangible fixed assets					(1,706,280)			(59,264)
Proceeds from sale ofinvestments								867,519
Cash fused in)lfrom invesring	activities				(1,691,257)			833,326
(Decrease)/increase in cash and cash equivalents			during
the year					(1,093,314)			871,797
Cash and cash equivalents	brought	forward				1,492,837		621,040
Cash and cash equivalents	carried forward					399,523		1,492,837

						Year ended	Year ended	Year ended	Year ended	Year ended	Year ended
						31	Dec	2021	31	Dec	2020
							E			E
Net movement in	funds							77,310			34,671
Add back depreciation		and impairment						26,636			131,944
Deduct investment	income shown			in investing	activities			(15,023)			(25,071)
Deduct gains/add	back	losses	on	investments							32,481
(Increase)/Decrease	in	stock						22,473			(519)
(Increase)/Decrease	in	debtors						253,534			(140,558)
(Decrease)/Increase	in	creditors						233,013			5,523
Net cash utilised by operating			activities					597,943			38,471

	Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
	Funds	Funds	2021	Funds	Funds	2020
	E	E	E	E	E	E
Freewill	87,743	763,113	850,856	144,109	519,198	663,307
offerings
Government
grant		258,88Z	258,882		15,918	15,918
schemes
Income tax	681	143,823	1144,504	98	66,495	66,593
recoverable
	88,424	1,165,818	1,254,242	144,207	601,611	745,818

nvestment Income
	Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
	Funds	Funds	2021	Funds	Funds	2020
	E	E	E	E	E	E
Interest receivable		50	50		649	649
Premises rents and occupation		14,973	14,973		24,422	24,422
fees receivable
		15,023	15,023		25,071	25,071

				Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
				Funds	Funds	2021	Funds	Funds	2020
				E	E	E	E	E	E
Income from tower			rental		35,259	35,259		35,504	35,504
Room hire					1,511	1,511		13,748	13,748
					36,770	36,770		49,252	49,252
Expendit	ure
					Restricted	Unrestricted
					Funds	Funds	Support	Total	Total
					Direct cost	Direct costs	Cost	2021	2020
					E	E	E	E	E
Charitable	activities
Gifts made					500	51,092		51,592	66,590
Other charitable			activities		96,726	305,367	775,040	1,177,133	686,399
Total charitable		activities			97,226	356,459	775,040	1,228,725	752,989

ifts made	were	as f	ollows:
				Gifts to	Gifts to	Total	Total
				Institutions	Individuals	2021	2020
				E	E	E	E
Benevolent	needs				500	500	653
Overseas missionaries					6,000	6,000	11,000
Latin Link				6,500		6,500	5,500
Commission	Apostolic Trust			20,004		20,004	27,504
FIEC				7,968		7,968	6,953
Grace Church Ghana				2,400		2,400	2,509
UCCF				1,200		1,200	1,200
The Gate Pregnancy		Crisis Centre		6,000		6,000	6,000
Others				1,020		1,020	5,271
Total gifts				45,092	6,500	51,592	66,590
upport Costs
						2021	2020
						E	E
Staffcosts						151,786	144,821
Premises costs						525,687	37,308
Professional	fees					33,473	29,234
Depreciation						51,636	31,944
Revaluation	ofleasehold		property			(25,000)	100,000
Governance	costs:
Auditors remuneration						5,820	7,320
Other costs						31,638	35,922
						775,040	386,549
Staffcosts
						2021	2020
						E	E
Wages and	salaries					301,660	265,539
Social security costs						21,481	17,284
Pension costs						15,064	13,140
Other employment		costs				1,428	1,680
						339,633	297,643

em	uneratio	n was paid to trustees and their	close family as follows:
				Pension	Benefits
			Salary	contribatian	in kind
			E	E	E
Mr	Howard	Satterthwaite	46,279	2,314
			46,279	2,314

Properties	- leasehold	- leasehold	31.12.2021	31.12.2020
			E	E
Residential	property	value brought
forward			1,850,000	1,950,000
Revaluation	in year		25,000	(100,000)
Value carried forward			1,875,000	1,850,000

Equipment and Furniture
	31.12.2021	31.12.2020
	E	E
Cost
Brought forward	243,019	183,755
Additions in the year	448,638	59,264
Carried forward	691,657	243,019
Accumulated Depredation
Broughtforward	148,041	116,097
Charge for the year	47,444	31,944
Carried forward	195,485	148,041
Net book value
Carried forward	496,172	94,978
Premises Improvements
	31.12.2021
Cost	E
Brought forward
Additions in year	1,257,642
Carried forward	1,257,642
Accumulated Depreciation
Brought forward
Charge for the year	4,192
Carried forward	4,192
lect book value
Carried forward	1,253,450

Fixed	As	set Investments
			31.12.2021	31.12.2020
			E	E
Brought	forward		2	900,002
Disposal	in	year		(900,000)
Carried	forward		2	2
Investment		in subsidiary

Westminster Chapel 14.Debtors
	31.12.2021	31.12.2020
	E	E
Amounts falling due within one year
Accounts receivable	1,362
Other debtors	172,218	85,804
Prepayments	34,721	376,031
	208,301	461,835
16.Creditors
	31.12.2021	31.12.2020
	E	E
Amounts falling due within one year
Accounts payable	17,027	17,874
Other creditors	19,519	17,595
Accruals	251,235	19,299
	287,781	54,768

Analysis ofNet	Assets betwe	en Funds
		General	Designated	Restricted	Total
		funds	funds	funds	2021
					E
Tangible fixed assets		3,624,622			3,624,622
Investments		2			2
Current assets		519,629		97,483	617,112
Creditors: Amounts	falling	(287,781)			(287,781)
due within one year
		3,856,472		97,483	3,953,955

			General	Designated	Restricted	Total
			Funds	funds	Funds	2020
			E			E
Tangible	fixed assets		1,944,978			1,944,978
Investments			2			2
Current assets			1,265,067	636,426	84,940	1,986,433
Creditors:	Amounts	falling due within
one year			(54,768)			(54,768)
			3,155,279	636,426	84,940	3,876,645

17.Mov	ement in Fund	s
		Balance at	Income	Expenditure	Transfers	Balance at
		31.12.2020	and gains			31.12.2021
		E	E			E
Unrestricted funds
Designated	funds
Grants fund				(1,362)	187,958	186,596
Missions	fund	97,074				97,074
Building	fund	539,352	393,179	(521,195)	(411,336)
		636,426	393,179	(522,557)	(223,378)	283,670
Undesignated funds
General	fund	3,155,279	849,432	(633,942)	202,033	3,572,802
Revaluation reserve
		3,791,705	1,242,611	(1,156,499)	(21,345)	3,856,472
Restricted	funds
Benevolent	fund			(500)	500
Food bank		78,839	55,675	(75,425)		59,089
Debt centre			456	(21,301)	20,845
Walthamstow		6,101	32,293			38,394
Special appeals
		84,940	88,424	(97,226)	21,345	97,483
Total funds		3,876,645	1,331,035	(1,253,725)		3,953,955

			Balance at	Income	Expenditure	Transfers	Balance at
			31.12.2019	and gains			31.12.2020
			E	E			E
Unrestricted		funds
Designated	funds
Missions	fund		97,074				97,074
Building	fund		418,436	120,916			539,352
			515,510	120,916			636,426
Undesignated		funds
General	fund		3,311,425	522,537	(645,549)	(33,134)	3,155,279
Revaluation		reserve			(32,481)	32,481
			3,826,935	643,453	(678,030)	(653)	3,791,705
Restricted	funds
Benevolent	fund				(653)	653
Food bank			15,039	134,436	(70,636)		78,839
Debt Centre				2	(2)
Walthamstow				6,101			6,101
Special appeals				3,668	(3,668)
			15,039	144,207	(74,959)	653	84,940
Total funds			3,841,974	787,660	(752,989)		3,876,645