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2020-07-31-accounts
| Mr |
David Solomon |
Igimah |
chairperson |
| Mrs |
Onengiyeofori |
Fyn-Sydney |
secretary |
|
|
Notes |
2020 |
2019 |
| Incoming resources |
|
|
38,489 |
41,672 |
| Gift Aid recovery |
|
|
11318 |
11595 |
|
|
|
49,807 |
53,267 |
Direct charitable
expenses |
|
|
~19149 |
L25 100) |
| Gross Incoming Resources |
|
|
30,658 |
28,167 |
Administrative
expenses |
|
|
(12,471) |
(12,308) |
Other operating
income |
|
|
|
|
|
|
|
18,187 |
15,859 |
| Exceptional items: |
|
|
|
|
| Profit on disposal oftangible fixed assets |
|
|
|
|
| Profit on the disposal ofinvestments |
|
|
|
|
| Income from investments |
|
|
|
|
| Interest receivable |
|
|
|
|
| Interest payable |
|
|
|
|
| Net incoming resources |
|
|
18,187 |
15,859 |
| Tax on profit on ordinary |
activities |
|
|
|
| Net incoming resources |
|
|
18,187 |
15,859 |
|
|
Notes |
Notes |
|
2020 |
|
2019 |
| Fixed Assets |
|
|
|
|
|
|
|
| Tangible assets |
|
|
|
|
5,718 |
|
4,598 |
|
|
|
|
|
5,718 |
|
4,598 |
| Current assets |
|
|
|
|
|
|
|
| Debtors |
|
|
|
1,672 |
|
1,376 |
|
| Cash at bank and in |
hand |
|
|
87,270 |
|
70,499 |
|
|
|
|
|
88,942 |
|
71,875 |
|
| Creditors: amounts |
falling due |
|
|
|
|
|
|
| within one year |
|
|
6 |
(450) |
|
( 450) |
|
| Net current assets |
|
|
|
|
88,492 |
|
71,425 |
| Total assets less current liabilities |
|
|
|
|
94,210 |
|
76,023 |
| Creditors: amounts |
falling due |
|
|
|
|
|
|
| after more than one |
year |
|
|
|
|
|
|
| Net assets |
|
|
|
|
94,210 |
|
76,023 |
Accumulated
Funds |
|
|
|
|
|
|
|
| Income and expenditure |
|
account |
8 |
|
94,210 |
|
76,023 |
|
|
|
|
|
94,210 |
|
76,023 |
| 2. |
Incoming resources |
|
|
|
|
|
|
2020 |
2019 |
|
Planned Giving: Donations, |
Tithes |
37,059 |
41,672 |
|
Tax recovered Gift Aid |
|
11318 |
11595 |
|
|
|
48,377 |
53,267 |
|
Depreciation ofowned fixed |
assets |
1,430 |
1,150 |
|
|
|
46947 |
52 117 |
|
|
|
2020 |
2019 |
| 3. |
Taxation |
|
|
|
|
UK corporation tax |
|
|
|
| 4. |
Tangible Fixed Assets |
|
Equipment |
Total |
|
Cost |
|
|
|
|
At I August 2019 |
|
11,740 |
11,740 |
|
Additions |
|
2,550 |
2,550 |
|
At 31July 2020 |
|
14790 |
14,290 |
|
Depreciation |
|
|
|
|
At 1 August
2019 |
|
7,142 |
7,142 |
|
Charge for the year |
|
1,430 |
1,430 |
|
At 31July 2020 |
|
8,572 |
8,572 |
|
Net book value |
|
|
|
|
At 31July 2020 |
|
5,718 |
5,718 |
|
At 31July 2019 |
|
4,598 |
4,598 |
| Notes tothe |
Accoun |
ts for the year ended 3 |
1July 2020(Cont. |
) |
| 5.Debtors |
|
|
2020 |
2019 |
|
|
|
1672 |
1376 |
| 6.Creditors: amounts |
falling |
due within one year |
2020 |
2019 |
| Corporation Tax |
|
|
|
|
| Other creditors |
|
|
450 |
450 |
|
|
|
450 |
450 |
| 7.Creditors: amounts |
falling |
due after one year |
2020 |
2019 |
| 8.Income and exPenditure |
|
account (summary) |
2020 |
|
| At 1August 2019 |
|
|
76,023 |
|
| Prior year adjustments |
|
|
|
|
| At 1August 2019 |
|
|
76,023 |
|
| Profit forthe year |
|
|
18,187 |
|
| At31July 2020 |
|
|
94410 |
|
| Net Income forthe Year |
18,187 |
| Add: Depreciation |
1430 |
|
19,617 |
| Less: Capital Allowances |
~186 |
| Add: Net Income B/fwd |
18,331 |
|
Capital Allowances |
Computation |
|
|
|
General Pool |
Claim |
| B/fwd |
|
4,593 |
|
| Additions |
|
2 550 |
|
|
|
7,143 |
|
| W.D.A. 18% |
|
1,286 |
1,286 |
| W.D.V c/fwd |
|
5,857 |
|
|
|
Notes |
2020 |
2019 |
| Incoming resources |
|
|
38,489 |
41,672 |
| Gift Aid recovery |
|
|
11318 |
11595 |
|
|
|
49,807 |
53,267 |
Direct charitable
expenses |
|
|
~19149 |
L25 100) |
| Gross Incoming Resources |
|
|
30,658 |
28,167 |
Administrative
expenses |
|
|
(12,471) |
(12,308) |
Other operating
income |
|
|
|
|
|
|
|
18,187 |
15,859 |
| Exceptional items: |
|
|
|
|
| Profit on disposal oftangible fixed assets |
|
|
|
|
| Profit on the disposal ofinvestments |
|
|
|
|
| Income from investments |
|
|
|
|
| Interest receivable |
|
|
|
|
| Interest payable |
|
|
|
|
| Net incoming resources |
|
|
18,187 |
15,859 |
| Tax on profit on ordinary |
activities |
|
|
|
| Net incoming resources |
|
|
18,187 |
15,859 |
|
|
Notes |
Notes |
|
2020 |
|
2019 |
| Fixed Assets |
|
|
|
|
|
|
|
| Tangible assets |
|
|
|
|
5,718 |
|
4,598 |
|
|
|
|
|
5,718 |
|
4,598 |
| Current assets |
|
|
|
|
|
|
|
| Debtors |
|
|
|
1,672 |
|
1,376 |
|
| Cash at bank and in |
hand |
|
|
87,270 |
|
70,499 |
|
|
|
|
|
88,942 |
|
71,875 |
|
| Creditors: amounts |
falling due |
|
|
|
|
|
|
| within one year |
|
|
6 |
(450) |
|
( 450) |
|
| Net current assets |
|
|
|
|
88,492 |
|
71,425 |
| Total assets less current liabilities |
|
|
|
|
94,210 |
|
76,023 |
| Creditors: amounts |
falling due |
|
|
|
|
|
|
| after more than one |
year |
|
|
|
|
|
|
| Net assets |
|
|
|
|
94,210 |
|
76,023 |
Accumulated
Funds |
|
|
|
|
|
|
|
| Income and expenditure |
|
account |
8 |
|
94,210 |
|
76,023 |
|
|
|
|
|
94,210 |
|
76,023 |
| 2. |
Incoming resources |
|
|
|
|
|
|
2020 |
2019 |
|
Planned Giving: Donations, |
Tithes |
37,059 |
41,672 |
|
Tax recovered Gift Aid |
|
11318 |
11595 |
|
|
|
48,377 |
53,267 |
|
Depreciation ofowned fixed |
assets |
1,430 |
1,150 |
|
|
|
46947 |
52 117 |
|
|
|
2020 |
2019 |
| 3. |
Taxation |
|
|
|
|
UK corporation tax |
|
|
|
| 4. |
Tangible Fixed Assets |
|
Equipment |
Total |
|
Cost |
|
|
|
|
At I August 2019 |
|
11,740 |
11,740 |
|
Additions |
|
2,550 |
2,550 |
|
At 31July 2020 |
|
14790 |
14,290 |
|
Depreciation |
|
|
|
|
At 1 August
2019 |
|
7,142 |
7,142 |
|
Charge for the year |
|
1,430 |
1,430 |
|
At 31July 2020 |
|
8,572 |
8,572 |
|
Net book value |
|
|
|
|
At 31July 2020 |
|
5,718 |
5,718 |
|
At 31July 2019 |
|
4,598 |
4,598 |
| Notes tothe |
Accoun |
ts for the year ended 3 |
1July 2020(Cont. |
) |
| 5.Debtors |
|
|
2020 |
2019 |
|
|
|
1672 |
1376 |
| 6.Creditors: amounts |
falling |
due within one year |
2020 |
2019 |
| Corporation Tax |
|
|
|
|
| Other creditors |
|
|
450 |
450 |
|
|
|
450 |
450 |
| 7.Creditors: amounts |
falling |
due after one year |
2020 |
2019 |
| 8.Income and exPenditure |
|
account (summary) |
2020 |
|
| At 1August 2019 |
|
|
76,023 |
|
| Prior year adjustments |
|
|
|
|
| At 1August 2019 |
|
|
76,023 |
|
| Profit forthe year |
|
|
18,187 |
|
| At31July 2020 |
|
|
94410 |
|
| Net Income forthe Year |
18,187 |
| Add: Depreciation |
1430 |
|
19,617 |
| Less: Capital Allowances |
~186 |
| Add: Net Income B/fwd |
18,331 |
|
Capital Allowances |
Computation |
|
|
|
General Pool |
Claim |
| B/fwd |
|
4,593 |
|
| Additions |
|
2 550 |
|
|
|
7,143 |
|
| W.D.A. 18% |
|
1,286 |
1,286 |
| W.D.V c/fwd |
|
5,857 |
|