2020-12-31-accounts - Deeper Christian Life Ministry

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			Page	Page
Reference and administrative	details
Report ofthe trustees		2	to	6
Report ofthe independent auditors		7	lo	10
Statement offinancial activities
Statement offinancial position			12
Statement ofcash flows			13
Notes to the statement ofcash flows			14
Notes to the financial statements		15	to	21
Detailed statement oftinancial	activities	22	lo	23

							2020	2019
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes			g
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies			2	2,831,583	6,907	2,838,490	2,933,422
Charitable	activities			4
Church					29,546		29,546	188,737
investment	income			3	92,013		92,013	155,378
Other incoine					83,820		83,820	15,463
Total					3,036,962	6,907	3,043,869	3,293,000
EXPENDITURE ON
Charitable	activities
Church					1,755,828	6,907	1,762,735	2,510,053
NET INCOME					1,281,134		1,281,134	782,947
RECONCILIATION		OF FUNDS
Total funds	brought	forward			12,231,086	107,559	12,338,645	11,555,698
TOTAL FUNDS CARRIED FORWARD					13,512,220	107,559	13,619,779	12,338,645

		2020	2019
FIXEDASSETS	Notes	f	f
Tangible assets Jnvestments	10 ll	11,947,551 80,058	12,099,494 80,058
		12,027,609	12,179,552
CURRENT ASSETS
Debtors Cash at bank and in hand	12	281,886 2,341,202	209,241 1,850,027
		2,623,088	2,059,268
CREDITORS
Amounts falling due within one year	13	(90,233)	(89,707)
NET CURRENT ASSETS		2,532,855	t)969,56)
TOTAL ASSETSLESSCURRENT
LIABILITIES		14,560,464	14,149,113
CREDITORS
Amounts falling due after more than one year	14	(940,685)	(1,810,468)
NET ASSETS		13,619,779	12,338,645
FUNDS	17
Unrestricted funds:
General fund		13,512,220	12,231,086
Restricted funds:
Building Fund		107,559	107,559
TOTAL FUNDS		13,619,779	12,338,645

		STA E	ENTOF	SBFLOW
	FORTBEYEAR		ENDED 31STDECEMDER2 2
				2020	2019
		Notes		K
Cash flows from operating activities
Cash generated from operations				1,429,829	948,047
Net cash provided by operating activities				1,429,829	948,047
Cash flows from investing	activities
Purchase oftangible fixed assets Purchase offixed asset investments Interest received				(69,652) 781	(109,947) (2,425) 1,783
Net cash used in investing	activities			(68,871)	(110,589)
Cash tlows from financing activities
Loan repayments in year				(869,783)	(699,511)
Net cash used in financing	activities			(869,783)	(699,511)
Change in cash and cash	equivalents	in
the reporting period				491,175	137,947
Cash and cash equivalents	at the
beginning ofthe reporting	period			1,850,027	1,712,080
Cash and cash equivalents	at the end	of
the reporting period				2,341,202	1,850,027

RECONCILIATIO ACTIVITIES	N OFNE	T INCOME TO NET CASH FLOW F	ROM OPERATING
			2020	2019
Net income for the	reporting	period (as per the Statement of
financial activities) Adjustments for:			1,281,134	782,947
Depreciation charges Interest received Increase in debtors Increase/(decrease) in creditors			221,595 (781) (72,645) 526	222,411 (1,783) (40,708) (14,820)
Net cash provided	by operations		1,429,829	948,047

		At 1.1.20	Cash flow	At31.12.20
Net cash
Cash at bank and in hand		1,850,027	491,175	2,341,202
		1,850,027	491,175	2,341,202
Debt
Debts falling due atter	1 year	(1,810,468)	869,783	(940,685)
		(1,810,468)	869,783	(940,685)
Total		39,559	1,360,958	1,400,517

		FOR THE YEAR ENDED 31STDECEM	BER202
2.	DONATIONS AND	LEGACIES
			2020	2019
	Tithes and offerings Gift aid Gbagada HQ Offerings		2,378,045 377,908 82,537	2,560,120 306,370 66,932
			2,838,490	2,933,422
3.	INVESTMENT INCOME
			2020	2019
	Rents received Deposit account interest		91,232 781	153,595 1,783
			92,013	155,378
4.	INCOME FROM CHARITABLE ACTIVITIES
			2020	2019
		Activity
	Books and Cd's sales Conference and retreat	Church	28,346	22,427
	income	Church	1,200	166,310
			29,546	188,737
5.	CHARITABLE ACTIVITIES COSTS
				Direct
				Costs (see
				note 6)
	Church			1,762,735
6.	DIRECT COSTSOF	CHARITABLE ACTIVITIES
			2020	2019
	Trustees' remuneration etc Staffcosts Telephone Postage and stationery Advertising and tracts Church refreshments Missions, grants 4 donations Satellite church expenses Gbagada HQ cost Properties and facilities cost Conferences and retreats Books and CD's expenses Other expenses Service charges		78,061 253,538 36,990 8,057 721 10,473 196,335 119,313 100,015 386,193 28,805 34,405 17,642 79,662	75,870 257,696 32,205 23,308 6,109 30,310 144,119 160,684 126,062 675,738 307,571 22,068 40,197 94,425
	Carried forward		1,350,210	1,996,362

DIRECT COST	S OF	CHARITABLE ACTIVITIES	-continued
			2020	2019
			8
Brought forward			1,350,210	1,996,362
Subscriptions			837	5,257
Welfare, Training	and courses		13,766	32,718
Transport and travel			54,305	116,044
Audit fees			21,255	21,045
Legal and professional		fees	25,519	23,205
Bank charges & interest			75,248	93,011
Depreciation			221,595	222,411
			1,762,735	2,510,053

					2020	2019
					8
Depreciation		- owned assets			221,595	222,412
TRUSTEES'		REMUNERATION		AND BENEFITS
					2020	2019
						8
Trustees'	salaries				69,928	68,054
Trustees'	social security				7,234	7,021
Trustees'	pension contributions		to	defined benefit schemes	899	795
					78,061	75,870

STAF	FCOSTS
		2020	2019
			8
Wages	and salaries	305,105	305,622
Social	security costs	19,694	20,904
Other	pension costs	6,800	7,040
		331,599	333,566

		2020	2019
Direct charitable		9	9
Management	and administration	3	3
		12	12

	There were no employees whose annual remuneration was $6	There were no employees whose annual remuneration was $6	0,000or more.
10.	TANGIBLE FIXEDASSETS
		Land and	Plant and	Motor
		buildings	machinery	vehicles	Totals
		8		8	8
	COST
	At lstlanuary 2020	13,758,114	1,461,629	231,673	15,451,416
	Additions		69,652		69,652
	At 31stDecember 2020	13,758,114	1,531,281	231,673	15,521,068
	DEPRECIATION
	At 1st January 2020	1,803,471	1,357,109	191,342	3,351,922
	Charge for year	141,891	65,924	13,780	221,595
	At 31stDecember 2020	1,945,362	1,423,033	205,122	3,573,517
	NET BOOKVALUE
	At 31stDecember 2020	11,812,752	108,248	26,551	11,947,551
	At 31st December 2019	11,954,643	104,520	40,331	12,099,494
11.	FIXEDASSET INVESTMENTS
					Listed
					investments
					8
	MARKET VALUE
	At 1st January 2020 and
	31stDecember 2020				80,058
	NET BOOKVALUE
	At 31stDecember 2020				80,058
	At 31stDecember 2019				80,058
	There were no investment	assets outside the UK.

ANALY	SIS	OFNET ASSETSBE	TWEEN FUNDS
					2020	2019
			Un restricted	Restricted	Total	Total
			fund	fund	funds	funds
Fixed assets			11,947,551		11,947,551	12,099,494
Investments			80,058		80,058	80,058
Current	assets		2,515,529	107,559	2,623,088	2,059,268
Current liabilities Long term liabilities			(90,233) (940,685)		(90,233) (940,685)	(89,707) (1,810,468)
			13,512,220	107,559	13,619,779	12,338,645
MOVEMENT IN IiUNDS
					Net
					movement	At
				At 1.1.20	in funds	31.12.20
Unrestricted		funds
General	fund			12,231,086	1,281,134	13,512,220
Restricted funds
Building	Fund			107,559		107,559
TOTAL	FUNDS			12,338,645	1,281,134	13,619,779

			Incoming	Resources	Movement
			resources	expended	in funds
			8
Unrestricted	funds
General fund			3,036,962	(1,755,828)	1,281,134
Restricted funds
Building Fund			6,907	(6,907)
TOTAL FUNDS			3,043,869	(1,762,735)	1,281,134
Comparatives	for movement	in funds
				Net
				movement	At
			At 1.1.19	in funds	31.12.19
			8
Unrestricted	funds
General fund			11,463,223	767,863	12,231,086
Restricted funds
Building Fund			92,475	15,084	107,559
TOTAL FUNDS			11,555,698	782,947	12,338,645

		Incoming	Resources	Movement
		resources	expended	in funds
			8
Unrestr	icted funds
General	fund	3,204,781	(2,436,918)	767,863
Restricted funds
Building	Fund	88,219	(73,135)	15,084
TOTAL	FUNDS	3,293,000	(2,510,053)	782,947

FORT EYEAR ENDED 31	STDECEMBER2020
	2020	2019
	8	f.
INCOME AND ENDOWMENTS
Donations and legacies
Tithes and offerings Gilt aid Gbagada HQ Offerings	2,378,045 377,908 82,537	2,560,120 306,370 66,932
	2,838,490	2,933,422
Investment income
Rents received	91,232	153,595
Deposit account interest	781	1,783
	92,013	155,378
Charitable activities
Books and Cd's sales	28,346	22,427
Conference and retreat income	1,200	166,310
	29,546	188,737
Other income
Other income	83,820	15,463
Total incoming resources	3,043,869	3,293,000
EXPENDITURE
Charitable activities
Trustees' salaries Trustees' social security Trustees' pension contributions	69,928 7,234 899	68,054 7,021 795
Wages Social security Pensions Telephone Postage and stationery	235,177 12,460 5,901 36,990 8,057	237,568 13,883 6,245 32,205 23,308
Advertising and tracts Church refreshments	721 10,473	6,109 30,310
Missions, grants tk donations Satellite church expenses	196,335 119,313	144,119 160,684
Gbagada HQ cost	100,015	126,062
Properties and facilities cost Conferences and retreats Books and CD's expenses Other expenses Service charges Subscriptions Carried forward	386,193 28,805 34,405 17,642 79,662 837 1,351,047	675,738 307,571 22,068 40,197 94,425 5,257 2,001,619

	FORTHE YEAR E DED31S	TDECEMBER2020
		2020	2019
Charitable activities
Brought forward		1,351,047	2,001,619
Welfare, Training and courses		13,766	32,718
Transport and travel		54,305	116,044
Audit fees		21,255	21,045
Legal and professional	fees	25,519	23,205
Bank charges dt interest		75,248	93,011
Depreciation oftangible	fixed assets	221,595	222,411
		1,762,735	2,510,053
Total resources expended		1,762,735	2,510,053
Net income		1,281,134	782,947