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|||||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<br>and<br>legacies||||88,424|1,165,818|1,254,242||144,207|601,611|745,818|
|Other trading<br>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<br>on:|||||||||||
|Charitable<br>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)<br>investments||on|10||||||(32,481)|(32,481)|
|Net (expenditure)<br>/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<br>and furniture|||11|496,172|94,978|
|Property<br>improvements|||12|1,253,450||
|Investments|||13|2||
|||||3,624,624|1,944,980|
|Current assets||||||
|Stocks||||9,288|31,761|
|Debtors and<br>prepayments|||14|208,301|461,835|
|Cash at bank|and in hand|||399,523|1,492,837|
|||||617,112|1,986,433|
|Current<br>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<br>funds||||||
|Revaluation|reserves||17|||
|Designated<br>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<br>by operating|activities|||(i)||597,943||38,471|
|Cash flows from investing<br>activities|||||||||
|Other income||||||15,023||25,071|
|Purchase oftangible<br>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<br>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<br>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|






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## 

||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<br>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<br>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<br>was paid to trustees<br>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<br>and Furniture|||
|---|---|---|
||31.12.2021|31.12.2020|
||E|E|
|Cost|||
|Brought forward|243,019|183,755|
|Additions<br>in the year|448,638|59,264|
|Carried forward|691,657|243,019|
|Accumulated<br>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<br>in year|1,257,642||
|Carried forward|1,257,642||
|Accumulated<br>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<br>Chapel<br>14.Debtors|||
|---|---|---|
||31.12.2021|31.12.2020|
||E|E|
|Amounts<br>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<br>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<br>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<br>in Fund|s|||||
|---|---|---|---|---|---|---|
|||Balance at|Income|Expenditure|Transfers|Balance at|
|||31.12.2020|and gains|||31.12.2021|
|||E|E|||E|
|Unrestricted<br>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<br>funds|||||||
|General|fund|3,155,279|849,432|(633,942)|202,033|3,572,802|
|Revaluation<br>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|



##