| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | |||
| Independent examiner's report to the |
trustees | |||||
| Statement offinancial | activities | (including | income and | |||
| expenditure account) |
||||||
| Statement offinancial | position | |||||
| Notes to the financial | statements |
| 31 | March 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | E | ||||||
| Income and endowments | from: | ||||||
| Donations and legacies |
59,363 | 59,363 | 56,279 | ||||
| Grants, including capital grants |
11,061 | 11,061 | 2,000 | ||||
| Charitable activities |
1,060 | 1,060 | |||||
| Other trading activities | 3,818 | 3,818 | 25,917 | ||||
| Investment income |
4 | 4 | 11 | ||||
| Total income | 63,185 | 12,121 | 75,306 | 84,207 | |||
| Expenditure on: |
|||||||
| Raising funds | 9 | 18,017 | 8,491 | 26,508 | 38,206 | ||
| Charitable activities |
10 | 37,330 | 3,630 | 40,960 | 41,936 | ||
| Total expenditure | 55,347 | 12,121 | 67,468 | 80,142 | |||
| Net income I(expenditure) | and net | ||||||
| movement in funds |
7,838 | 7,838 | 4,065 | ||||
| Transfers between |
funds | ||||||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 42,856 | 42,856 | 38,791 | |||
| Total funds carried | forward | 50,694 | 50,694 | 42,856 |
| 31 March | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Fixed assets | |||||||
| Tangible fixed assets | 16 | 23,901 | 24,815 | ||||
| Current assets | |||||||
| Debtors | 17 | 517 | 432 | ||||
| Cash at bank | and in hand | 27,183 | 19,629 | ||||
| 27,700 | 20,061 | ||||||
| Creditors: amounts falling |
due within one year | 18 | 907 | 2,020 | |||
| Net current | assets Iliabilities | 26,793 | 18,041 | ||||
| Total assets | less current | liabilities | 50,694 | 42,856 | |||
| Net assets I | liabilities | 50,694 | 42,856 | ||||
| Funds ofthe charity | |||||||
| Restricted funds | |||||||
| Unrestricted | funds | 50,694 | 42,856 | ||||
| Total charity | funds | 21 | 50,694 | 42,856 | |||
| For the year | ending 31 March 2021 the charity was entitled to exemption | from | audit under | section 477 | |||
| ofthe Companies Act 2006 |
relating to small companies. |
| Income from don | ations and legacies |
||
|---|---|---|---|
| Total Funds | Total Funds | ||
| 2021 | 2020 | ||
| f | |||
| Tithes, Offerings | &Donations | 53,072 | 49,285 |
| Gift Aid on above | 6,291 | 6,994 | |
| 59,363 | 58,279 |
| ncome from | Grants, including capital gra |
nts | |
|---|---|---|---|
| Total Funds | Total Funds | ||
| 2021 | 2020 | ||
| E | |||
| Grants received | 210 | 500 | |
| Government | grants | 10,851 | 1,500 |
| 11,061 | 2,000 |
| Income from charitable activities |
||
|---|---|---|
| Total Funds | Total Funds | |
| 2021 | 2020 | |
| F | ||
| CAP | 600 | |
| Way ofthe Spirit course | 412 | |
| Hubaloo | 48 | |
| 1,060 |
| ncom | e from other trading activities | ||
|---|---|---|---|
| Total Funds | Total Funds | ||
| 2021 K |
2020 f |
||
| Shop | income from sale ofdonated | ||
| goods | and services | 3,818 | 25,467 |
| Sales | ofgoods and services | 450 | |
| 3,818 | 25,917 |
| Expenditure o |
n raising funds | ||
|---|---|---|---|
| Total Funds | Total Funds | ||
| 2021 | 2020 | ||
| E | |||
| Costs oftrading | activities: | ||
| Cost ofGoods | Sold | 3,077 | 14,092 |
| Staff costs | 15,237 | 13,051 | |
| Overheads | 8,194 | 11,063 | |
| 26,508 | 38,206 |
| Expenditure on c |
h | a | ritable | activities | ||
|---|---|---|---|---|---|---|
| Total funds | Total funds | |||||
| 2021 | 2020 | |||||
| f | ||||||
| Rent | 50 | 430 | ||||
| Legal | 53 | |||||
| Printing, Postage | and Stationery | 145 | 382 | |||
| Church Utilities |
1,499 | 2,330 | ||||
| Insurance | 942 | 550 | ||||
| Subscription s | 669 | 473 | ||||
| Church repair and | maintenance | 432 | 1,056 | |||
| Accountancy Fees |
paid to | |||||
| Independent Examiner |
338 | 222 | ||||
| Parish Nursing | 721 | 940 | ||||
| Other Accountancy | Fees | 6 | ||||
| Phone & Internet | Expenses | 402 | 546 | |||
| Wages | 13,500 | 10,800 | ||||
| Employer's Pension |
Costs | 218 | 140 | |||
| Depreciation | 2,619 | 2,946 | ||||
| Ministry Trips 8 Travelling | Expenses | 333 | 2,265 | |||
| Interns' Expenses | 80 | 604 | ||||
| Crosswalk Expenses | 978 | 2,302 | ||||
| Charitable Gifts and |
Contributions | 9,776 | 7,135 | |||
| Christians Against |
Poverty | 840 | 1,320 | |||
| Church Entertaining |
and Hospitality | 120 | 833 | |||
| Sundry Expenditure | IOther | Resources | 976 | 1,093 | ||
| Covid Expenditure | 2,456 | 562 | ||||
| Outreach Expenses |
2,326 | 2,006 | ||||
| Pastoral Meetings | 344 | 963 | ||||
| Children and Youth |
Ministries | |||||
| Expenses | 736 | 1,468 | ||||
| Men and Women's | Ministries | |||||
| Expenses | 460 | 511 | ||||
| 40,960 | 41,936 |
| 11. | Net expenditure | Net expenditure | |||||
|---|---|---|---|---|---|---|---|
| Net expenditure | is stated | after charging/(crediting): | |||||
| 2021 | 2020 | ||||||
| E | |||||||
| Depreciation | of | tangible fixed assets | 5,239 | 5,892 | |||
| 12. | Independent | examination | fees | ||||
| 2021 | 2020 | ||||||
| Fees payable | to | the independent | examiner for: | ||||
| Independent | examination | ofthe | financial statements | 675 | 420 |
| Staff cos | ts | ||||
|---|---|---|---|---|---|
| The total | staff costs and | employee | benefits for the reporting | period are analysed as |
follows: |
| 2021 | 2020 | ||||
| E | |||||
| Wages and salaries | 28,640 | 23,808 | |||
| Social security costs | |||||
| Employer | contributions | to pension | plans | 315 | 183 |
| 28,955 | 23,991 |
| was paid a gross salary Tangible fixed assets |
off815(2020 - | E2,656). | |
|---|---|---|---|
| Land and | Furniture and |
||
| buildings | equipment | Total | |
| Cost | |||
| At 1 April 2020 | 27,299 | 38,544 | 65,843 |
| Additions | 4,325 | 4,325 | |
| At 31 INarch 2021 | 27,299 | 42,869 | 70,168 |
| Depreciation | |||
| At 1 April 2020 | 17,376 | 23,652 | 41,028 |
| Charge for the year | 1,985 | 3,254 | 5,239 |
| At 31 March 2021 | 19,361 | 26,906 | 46,267 |
| Net Book Value | |||
| At 31 March 2021 | 7,938 | 15,963 | 23,901 |
| At 31 March 2020 | 9,923 | 14,892 | 24,815 |
| 17. | Debtors | Year ended 31 March 2021 | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Income tax recoverable | 517 | 432 | ||
| 517 | 432 | |||
| 18. | Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | |||
| E | ||||
| Other taxation and | social security | 169 | 65 | |
| Other creditors | 63 | 1,535 | ||
| Accruals | 675 | 420 | ||
| 907 | 2,020 |
| 21. Analysis ofnet assets bet |
we | e | n funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | ||||||||||
| Funds | Funds | 2021 | |||||||||||
| f | E | ||||||||||||
| Tangible fixed assets | 23,901 | 23,901 | |||||||||||
| Current assets | 27,700 | 27,700 | |||||||||||
| Current liabilities |
(907) | (907) | |||||||||||
| Net assets | 50,694 | 50,694 | |||||||||||
| 22.Statement ofcash flows | |||||||||||||
| Total | Prior year | Note | |||||||||||
| funds | funds | ||||||||||||
| Cash flows from operating activities: |
|||||||||||||
| Net cash provided by (used in) operating |
activities | 11,879 | 17,212 | (Note 23) | |||||||||
| Cash flows from investing activities: |
|||||||||||||
| Dividends, interest and rents from |
investments | ||||||||||||
| Proceeds from the sale of property, | plant and | equipment | |||||||||||
| Purchase of property, plant and |
equipment | (4,325) | (4,999) | ||||||||||
| Proceeds from the sale of investments | |||||||||||||
| Purchase of investments |
|||||||||||||
| Net cash provided by (used in) investing |
activities | (4,325) | (4,999) | ||||||||||
| Cash flows from financing activities: |
|||||||||||||
| Repayments of borrowing |
|||||||||||||
| Cash inflows from new borrowing | |||||||||||||
| Receipt ofendowment | |||||||||||||
| Net cash provided by (used in) financing |
activities | ||||||||||||
| Change in cash and cash equivalents |
in the reporting | ||||||||||||
| period Cash and cash equivalents at |
the | beginning | of the reporting | 19,629 | 7,416 | (Note 24) | |||||||
| penod | |||||||||||||
| Change in cash and cash equivalents due |
to exchange | rate | |||||||||||
| movements | |||||||||||||
| Cash and cash equivalents |
at | the end | of the reporting | (Note 24) | |||||||||
| period | |||||||||||||
| 23.Reconciliation ofnet income |
/ | (expenditure) to net cash |
flow from operating | activities | |||||||||
| Current | year | Prior year | |||||||||||
| Net income/(expenditure) for |
the | reporting period (as per |
7,838 | 4,065 | |||||||||
| the statement offinancial activities) |
|||||||||||||
| Adjustments for: |
|||||||||||||
| Depreciation charges |
5,239 | 5,892 | |||||||||||
| (Gains)/losses on investments |
|||||||||||||
| Loss/(profit) on the sale offixed |
assets | ||||||||||||
| (Increase)/decrease in stocks |
|||||||||||||
| (Increase)/decrease in debtors |
(65) | 5,906 | |||||||||||
| Increase/(decrease) in creditors Net cash provided by (used in) operating |
activities | (1,113) | 1,349 Cga |
||||||||||
| -18- |
| Current Year | Prior Year | |||
|---|---|---|---|---|
| Cash in hand | 27,183 | 19,629 | ||
| Notice deposits (less than | 3 months) | |||
| Overdraft facility repayable |
on demand | |||
| Total cash and cash equivalents |