|||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|
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|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:||||||
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|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||||||||||
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|||||||||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||||
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||||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||||||||