| Pages | ||
|---|---|---|
| Trustees' Annual Report |
||
| Independent Examiner's |
Report | |
| Statement of Financial Activities |
||
| Balance Sheet | ||
| Statement of Cash flows |
||
| Notes to the Accounts | ||
| Detailed Statement of Financial Activities | 7to 15 |
| for the year | ended | 31Decem | ber 2020 | |||
|---|---|---|---|---|---|---|
| Unrestricte | ||||||
| d funds | Total funds | Total funds | ||||
| 2020 | 2020 | 2019 | ||||
| Notes | E | E | E | |||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 68,365 | 68,365 | 142,916 | ||
| Total | 68,365 | 68,365 | 142,916 | |||
| Expenditure | on: | |||||
| Raising funds | 105 | 105 | 230 | |||
| Charitable | activities | 12,268 | 12,268 | 86,645 | ||
| Other | 33,825 | 33,825 | 46,523 | |||
| Total | 46,198 | 46,198 | 133,398 | |||
| Net gains on | investments | |||||
| Net income | 22,167 | 22,167 | 9,518 | |||
| Transfers between | funds | |||||
| Net income gains/(losses) |
before | other | 22,167 | 22,167 | 9,518 | |
| Other gains | and losses | |||||
| Net movement in funds |
22,167 | 22,167 | 9,518 | |||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 68,540 | 68,540 | 57,718 | ||
| Total funds carried | forward | 90,707 | 90,707 | 67,236 |
| RHEMA MIRACLE CENTRE Balance Sheet at 31December 2020 |
RHEMA MIRACLE CENTRE Balance Sheet at 31December 2020 |
RHEMA MIRACLE CENTRE Balance Sheet at 31December 2020 |
ASSEMBL | IES OF GOD | |||
|---|---|---|---|---|---|---|---|
| Charity No. 1151024 |
2020 | ||||||
| Fixed assets | |||||||
| Tangible assets | 5,929 | 7,904 | |||||
| 5,929 | 7,904 | ||||||
| Current assets | |||||||
| Debtors | 11 | 17,000 | 59,500 | ||||
| Cash at bank and | in hand | 117,543 | 3,461 | ||||
| 134,543 | 62,961 | ||||||
| Creditors: Amount | falling | due within | one year | 12 | (400) | ||
| Net current assets | 134,143 | 62,961 | |||||
| Total assets less current liabilities | 140,072 | 70,865 | |||||
| Creditors: Amounts | falling due after | more than one year | 13 | (50,000) | |||
| Provisions for liabilities | 14 | 635 | (2,325) | ||||
| Net assets excluding | pension asset | or liability | 90,707 | 68,540 | |||
| Tota I net assets | 90„707 | 68,540 | |||||
| The funds ofthe charity | |||||||
| Restricted funds |
15 | ||||||
| Unrestricted funds |
15 | ||||||
| General funds | 90,707 | 68,540 | |||||
| 90,707 | 68,540 | ||||||
| Reserves | |||||||
| Total funds | 90,707 | 68,540 | |||||
| Approved by the trustees |
on 31December 2020 | ||||||
| And si d on their |
behalf by: |
| last year and no chan | last year and no chan | last year and no chan | last year and no chan | ges have been made to accounts for previous years. |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund accounting | |||||||||||
| Unrestricted | funds | These are available for use at the discretion ofthe trustees | in furtherance | of | the | ||||||
| general objects ofthe charity. | |||||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular | purposes. | |||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | |||||||
| restatement of investment assets at their market values. |
|||||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
by the donor | or | through | ||||||
| terms of an appeal. | |||||||||||
| Income | |||||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when | the | charity | ||||||
| income | becomes entitled to, and virtually certain to receive, the |
income and the | amount of | ||||||||
| the income can be measured with sufficient reliability. |
|||||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | |||||||
| expenditure | reported gross in the SoFA. |
||||||||||
| Donations | and | Voluntary income received by way ofgrants, donations and gifts is included |
in | the | |||||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | |||||||||
| entitlement to the income. |
|||||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the same time as the |
|||||||||
| donations | and | gifts | gift/donation to which it relates. |
||||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable | and | ||||||||
| material. | |||||||||||
| Volunteer | help | The value of any volunteer help received is not included |
in | the accounts. | |||||||
| Investment | income | This is included in the accounts when receivable. |
|||||||||
| Gains/(losses) | on | This includes any gain or loss resulting from revaluing investments to market |
value | ||||||||
| revaluation | of | fixed | at the end ofthe year. | ||||||||
| assets | |||||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale of investments. |
|||||||||
| investment | assets |
| Unrestricted | Restricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | Total funds | ||||||||
| 2019 | 2019 | 2019 | ||||||||
| Income and endowments | from: | |||||||||
| Donations | and | legacies | 142,916 | 142,916 | ||||||
| Total | 142,916 | 142,916 | ||||||||
| Expenditure | on: | |||||||||
| Raising funds | 230 | 230 | ||||||||
| Charitable | activities | 86,645 | 86,645 | |||||||
| Other | 46,523 | 46,523 | ||||||||
| Total | 133,398 | 133,398 | ||||||||
| Net | income | 9,518 | 9,518 | |||||||
| Transfers between | funds | (18,284) | 1,304 | (16,980) | ||||||
| Net | income before | other | ||||||||
| gains/(losses) | (8,766) | 1,304 | (7,462) | |||||||
| Other gains and | losses: | |||||||||
| Net | movement | in funds | (8,766) | 1,304 | (7,462) | |||||
| Reconciliation | offunds: | |||||||||
| Total funds brought | forward | 20,609 | 57,718 | 78,327 | ||||||
| Total funds carried | forward | 11,843 | 59,022 | 70,865 | ||||||
| 3 | Income from | donations | and legacies | |||||||
| Unrestricted | Total | Total | ||||||||
| 2020 | 2019 | |||||||||
| 54,723 | 54,723 | 141,954 | ||||||||
| 13,642 | 13,642 | 962 | ||||||||
| 68,365 | 68,365 | 142,916 | ||||||||
| 4 | Expenditure | on | raising | funds | ||||||
| Unrestricted | Total | Total | ||||||||
| 2020 | 2019 | |||||||||
| Costs ofgenerating | voluntary | |||||||||
| income | ||||||||||
| 105 | 105 | 230 | ||||||||
| 105 | 105 | 230 |
| 5 | Expenditure on charita |
ble ac |
tivities | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| 2020 | 2019 | ||||||
| Expenditure on charitable |
|||||||
| activities | |||||||
| 3,760 | 3,760 | 65,960 | |||||
| 480 | |||||||
| Governance costs |
|||||||
| AOG Subscription | 3,266 | 3,266 | 10,490 | ||||
| Visiting Pastors | 5,242 | 5,242 | 9,715 | ||||
| 12,268 | 12,268 | 86,645 | |||||
| 6 | Other expenditure | ||||||
| Unrestricted | Total | Total | |||||
| 2020 | 2019 | ||||||
| Employee costs | 8,489 | 8,489 | 10,101 | ||||
| Motor and travel costs | 795 | 795 | 5,856 | ||||
| Premises costs | 14,702 | 14,702 | 23,132 | ||||
| Amortisation, depreciation, |
|||||||
| impairment, profit/loss |
on | 1,976 | 1,976 | 1,976 | |||
| disposal offixed assets | |||||||
| General administrative | costs | 7,463 | 7,463 | 5,458 | |||
| Legal and professional | costs | 400 | 400 | ||||
| 33,825 | 33,825 | 46,523 | |||||
| 7 | Net income before transfers | ||||||
| 2020 | 2019 | ||||||
| This is stated after charging: | f | f | |||||
| Depreciation of owned |
fixed | assets | 1,976 | 1,976 | |||
| 8 | Trustee remuneration | and expenses | |||||
| 2020 | 2019 | ||||||
| Number | Number | ||||||
| The nature ofthe reimbursed | expenses | Remuneration |
| TFA 2 | TFA 3 | TFA4 | Total | |||
|---|---|---|---|---|---|---|
| Cost or revaluation | ||||||
| At 1January | 2020 | 7,904 | 7,904 | |||
| At 31December 2020 | 7,904 | 7,904 | ||||
| Depreciation and |
||||||
| impairment | ||||||
| Depreciation | charge for the | 1,975 | 1,975 | |||
| year | ||||||
| At 31December 2020 | 1,975 | 1,975 | ||||
| Net book values | ||||||
| At 31December 2020 | 5,929 | 5,929 | ||||
| At 31December 2019 | 7,904 | 7,904 | ||||
| 11 | Debtors | |||||
| 2020 | 2019 | |||||
| f | f | |||||
| Other debtors | 17,000 | 59,500 | ||||
| 17,000 | 59,500 | |||||
| 12 | Creditors: | |||||
| amounts falling due within one year |
||||||
| 2020 | 2019 | |||||
| f | ||||||
| Other creditors | 400 | |||||
| 400 | ||||||
| 13 | Creditors: | |||||
| amounts falling due after more than one year |
||||||
| 2020 | 2019 | |||||
| f | ||||||
| Bank loans and overdrafts | 50,000 | |||||
| 50,000 | ||||||
| 14 | Provisions | |||||
| Onerous | ||||||
| Total | ||||||
| contracts | ||||||
| f | f | |||||
| At 1January | 2020 | 18,284 | 18,284 | |||
| Movement | for the year | (18,919) | (18,919) | |||
| At 31December 2020 | (635) | (635) |
| 15 | Movement | in | funds | |||||
|---|---|---|---|---|---|---|---|---|
| Incoming | ||||||||
| resources | At 31 | |||||||
| (including | Resources | December | ||||||
| At 1January | other gains/losses |
expended | 2020 | |||||
| 2020 | ) | |||||||
| E | ||||||||
| Restricted funds: | ||||||||
| Unrestricted | funds: | |||||||
| General funds | 68,540 | 68,365 | (46,198) | 90,707 | ||||
| Revaluation | Reserves: | |||||||
| Total funds | 68,540 | 68,365 | (46,198) | 90,707 | ||||
| 16 | Analysis of | net assets between | funds | |||||
| Unrestricted | Restricted | |||||||
| Total | ||||||||
| funds | funds | |||||||
| E | ||||||||
| Fixed assets | 7,904 | (1,975) | 5,929 | |||||
| Net current | assets | 117,143 | 17,000 | 134,143 | ||||
| Creditors due provisions |
in more than one | year and | (50,000) | 635 | (49,365) | |||
| 75,047 | 15,660 | 90,707 | ||||||
| 17 | Reconciliation | of net debt | ||||||
| At 31 | ||||||||
| At 1January | December | |||||||
| 2020 | Cash flows | 2020 | ||||||
| E | ||||||||
| Cash and cash | equivalents | 3,461 | 114,082 | 117,543 | ||||
| 3,461 | 114,082 | 117,543 | ||||||
| Bank loans | (50,000) | (50,000) | ||||||
| (50,000) | (50,000) | |||||||
| Net debt | 3,461 | 64,082 | 67,543 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | E | |||
| Cash flows from operating | activities | |||
| Net income/(expenditure) | per Statement | of Financial Activities | 22,167 | (7,462) |
| Adjustments for: |
||||
| Movement in provisions |
(2,960) | |||
| Depreciation of property, plant and equipment |
1,975 | 1,975 | ||
| Decrease/(Increase) in trade and other |
receivables | 42,500 | (59,500) | |
| Increase in trade and other payables |
400 | |||
| Net cash provided by/(used |
in) operating | activities | 64,082 | (64,987) |
| Net cash used in investing | activities | (1,220) | ||
| Cash flows from financing | activities | |||
| Repayment of borrowings |
50,000 | |||
| Net cash from financing activities |
50,000 | |||
| Net increase/(decrease) in |
cash and cash equivalents | 114,082 | (66,207) | |
| Cash and cash equivalents | at the beginning | of the year | 3,461 | 69,668 |
| Cash and cash equivalents | at the end ofthe year | 117,543 | 3,461 | |
| Components ofcash and cash equivalents |
||||
| Cash and bank balances | 117,543 | 3,461 | ||
| 117,543 | 3,461 |
| for the year | ended | 31D | ecemb | er 2020 | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Total funds | Total funds | |||||
| 2020 | 2020 | 2019 | |||||
| f | f | f | |||||
| Income and | endowments | from: | |||||
| Donations and legacies |
|||||||
| 54,723 | 54,723 | 141,954 | |||||
| 13,642 | 13,642 | 962 | |||||
| 68,365 | 68,365 | 142,916 | |||||
| Total income | and endowments | 68,365 | 68,365 | 142,916 | |||
| Expenditure | on: | ||||||
| Costs ofgenerating | donations | and | |||||
| legacies | |||||||
| 105 | 105 | 230 | |||||
| 105 | 105 | 230 | |||||
| Total ofexpenditure | on | raising | 105 | 105 | 230 | ||
| funds | |||||||
| Charitable activities |
|||||||
| 3,760 | 3,760 | 65,960 | |||||
| 480 | |||||||
| 3,760 | 3,760 | 66,440 | |||||
| Governance | costs | ||||||
| AOG Subscription | 3,266 | 3,266 | 10,490 | ||||
| Visiting Pastors | 5,242 | 5,242 | 9,715 | ||||
| 8,508 | 8,508 | 20,205 | |||||
| Total ofexpenditure activities |
on | charitable | 12,268 | 12,268 | 86,645 | ||
| Employee costs | |||||||
| Staff entertainment | 882 | 882 | |||||
| Staff training | 5,380 | 5,380 | |||||
| Staff welfare | 2,177 | 2,177 | 1,800 | ||||
| Temporary | staff | 50 | 50 | 8,301 | |||
| 8,489 | 8,489 | 10,101 | |||||
| Motor and | travel costs | ||||||
| Travel and | subsistence | 795 | 795 | 5,856 | |||
| 795 | 795 | 5,856 | |||||
| Premises costs | |||||||
| Rent | 14,702 | 14,702 | 23,132 | ||||
| 14,702 | 14,702 | 23 132 | |||||
| General administrative | costs, | ||||||
| including depreciation |
and | ||||||
| amortisation |