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|for the Y|ear Ended 31|December 2020||
|---|---|---|---|
||||Page|
|Legal and|Administrative|information|3|
|Report of|the trustees||4-7|
|Report of|the independent
examiner||8|
|Statement|of Financial|Activities|9|
|Balance Sheets|||10|
|Cashflow|Statement||11|
|Notes to the Financial Statements|||12-16|
|Detailed statement
of Financial Activities.||||
|(Do not form|part ofnotes to|Financial statement).|17&18|
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|for the
ear ended 31|December 2020||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|Total Funds|
|||Notes|Funds|Funds|December|December|
||||||2020|2019|
|INCOME 8 ENDOWMENT|FROM||||||
|Donations
and legacies|||133,005|4,750|137,755|129,617|
|Investment
Income|||31||31|52|
||Total Income||133,036|4,750|137,786|129,669|
|Expenditure|||||||
|Cost ofraising funds|||||||
|Raising funds|||19,483|4,750|24,233|21,140|
|Charitable
activities|||||||
|General funds|||93,554||93,554|126,541|
|Total|||113,037|4,750.00|117,787|147,681|
|NET INCOME
/ (EXPENDITURE)|||19,999||19,999|(18,012)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||58,172|11,070|69,242|87,254|
|TOTAL FUNDS CARRIED|FORWARD||78,171|11,070|89,241|69,242|
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|as at 31 Decem|ber 2020||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes||||F|
|FIXEDASSETS|||||||
|Tangible assets|||6,053||6,053|13,160|
|CURRENT ASSETS|||||||
|Debtors|||13,304||13,304|28,695|
|Cash at bank and|in hand||82,787|11,070|93,857|36,200|
||||96,091|11,070|107,161|64,895|
|CREDITORS|||||||
|Amounts
falling due within one year||10|(23,973)||(23,973)|(8,813)|
|Net current assets|||72,118|11,070|83,188|56,082|
|TOTAL ASSESTSLESSCURRENT|||||||
|LIABILITIES|||78,171|11,070|89,241|69,242|
|NETS ASSETS|||78,171|11,070|89,241|69,242|
|FUNDS|||||||
|Unrestricted
funds|||||78,171|58,172|
|Restricted
funds|||||11,070|11,070|
||||||89,241|69,242|
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||||||Notes|2020|2019|
|---|---|---|---|---|---|---|---|
|Cash generated
from operating
activties:||||||||
|Net Cash provided
by (used|in) operating||activities|||57,808|(5,522)|
|Cash flows from investing
activites:||||||||
|Interest from invetsments||||||508|1,840|
|Purchase oftangible fixed asets||||||(659)||
|Net Increase/(decrease)
in cash in the year||||||57,657|(3,682)|
|Cash in bank and in hand less overdrafts|at the|beginning||ofthe year||36,200|39,882|
|Total Cash in bank and in
hand less overdrafts
at the end||||ofthe year||93,857|36,2DD|
|Notes||||||||
|1
RECONCILIATION
OF NET INCOME TO NET||CASH FLOW FROM OPERATING ACTIVTIES||||||
|NET Income per Statement of Financial||activities||||19,999|(18,012)|
|Adjustmenst
for:||||||||
|Depreciation
Charges||||||7,765|31,179|
|Deduct Interest from invetsments||||||(508)|(1,840)|
|Increase (Decrease)
in Creditors||||||15,161|(5,618)|
|Decrease (Increase) in Debtors||||||15,391|(11,231)|
|Net Cash provided
by (use in) operating
activties||||||57,808|(5,522)|
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|Wages and Salaries|Wages and Salaries||
|---|---|---|
|The average|number|ofemployees|
|No employees|earned|between 660,000 during the year (2019:2020)|
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||||||Fixtures &|Computer||Plant 8||
|---|---|---|---|---|---|---|---|---|---|
|||||Premises|Fittings|Equipment|Motor Vehicle|machinery|Total|
|||||E||||f||
||Cost|||||||||
||At 01 January 2020|||118,600|7,437|1,117|5,875|53,524|186,553|
||Additions|||||659|||659|
||At 31 December 2020|||118,600|7,437|1,776|5,875|53,524|187,212|
||Depreciation|||||||||
||At 01 January 2020|||115,661|7,437|1,117|5,875|43,304|173,394|
||Charge for the year|||2,939||132||4,694|7,765|
||At 31 December 2020|||118,600|7,437|1,249|5,875|47,998|181,159|
||Net book value|||||||||
||At 31 December 2020|||||527||5,526|6,053|
||At 31 December 2019|||2,939||||10,220|13,159|
|8.|Debtors: amount|falling due within one year||||||||
|||||||||2020|2019|
||||||||||f|
||Loan to staff and sister parish|||||||200|200|
||Debtor - other|||||||2,250|10,748|
||Net Wages|||||||2,905|2,915|
||Prepayments||||||||3,555|
||Credit Card (Tithe|and Offering)||||||7,949|11,278|
|||||||||13,304|28,695|
|9.|Cash balance|||||||||
||Bank Current Account||(NATWEST Current)|||||17,980|5,456|
||Bank Deposit Account||(NATWEST Bonus Saver)|||||68,036|22,503|
||Cash in Hand|||||||7,841|8,241|
|||||||||93,857|36,200|
|10.|Creditors: amounts||falling due within one year|||||||
||Creditors|||||||1,668|1,188|
||Accrued Expenses|||||||22,306|7,624|
||Bank Loan|||||||||
|||||||||23,973|8,813|
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|11|.Movement||in fun|ds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||At|Net Movement|At||
|||||||||||01/01/20|in Funds|31/12/20||
||Unrestricted||funds|||||||||||
||Charitable|||||||||58,172|19,999|78,171||
||Restricted||Funds|||||||||||
||Charitable|||||||||11,070||11,070||
|||||||||||69,242|19,999|89,241||
||Net movements|||in funds,||included||in the above are|as follows:|||||
|||||||||||Incoming|Resources|Movement|in|
|||||||||||resources|expended|funds||
||||||||||||E|||
||Unrestricted||funds|||||||||||
||General
Fund|||||||||133,036|(113,037)|19,999||
||Restricted|funds||||||||||||
||Restricted|fund||||||||4,750||||
||Totalfunds|||||||||137,786|(113,037)|19,999||
||Comparative||for movement|||in funds||||||||
|||||||||||At|Net Movement|At||
|12.|Movement||in funds|||||||01/01/19|in Funds|31/12/19||
|||||||||||||E||
||Unrestricted||funds|||||||||||
||Charitable|||||||||76,184|(18,012)|58,172||
||Restricted|Funds||||||||||||
||Charitable|||||||||11,070||11,070||
|||||||||||87,254|18,012)|69,242||
||Net movements
in funds,||||included||in|the above are as|follows:|||||
|||||||||||Incoming|Resources|Movement|in|
|||||||||||resources|expended|funds||
||Unrestricted||funds|||||||||||
||Charitable|Fund||||||||129,669|(147,681)|(18,012)||
||Restricted|funds||||||||||||
||Chadtable|fund||||||||||||
||Totalfunds|||||||||129,669|(147,681)|(18,012)||
|13.|A current year 12months|||||and prior||year 12months|combined|position is as follows:||||
|||||||||||At|Net Movement|At||
|||||||||||01/01/19|in Funds|31/12/20||
||Unrestricted||funds|||||||||||
||Charitable|||||||||76,184|1,987|78,171||
||Restricted|Funds||||||||||||
||Charitable|||||||||11,070||11,070||
|||||||||||87,254|1,987|89,241||
||Related party disclosures|||||||||||||
##
|INCOMING RESOURCES|INCOMING RESOURCES|||December|December|
|---|---|---|---|---|---|
|||||2020|2019|
|Voluntary
income||||||
|Tithes 8 offerings||||104,029|101,247|
|Thanksgiving||||3,250|5,197|
|Gift aid claimed|||||21,657|
|HMRC JRSGrant||||23,496||
|Sundry donations||||5,214|1,516|
|Building
fund||||1,767||
|||||137,755|129,616|
|Investment
Income||||||
|Deposit account interest|||||52|
|Total incoming
resource||||137,786|129,668|
|RESOURCES EXPENDED||||||
|Cost ofgenerating
voluntary|||income|||
|World Evangelical
Mission||||20,806|16,880|
|Central office charges||||900|1,150|
|Donation to FOL||||1,200|1,200|
|Donations - Other RCCG Parishes||||1,327|1,910|
|||||24,233|21,140|
|Charitable
activities||||||
|Purchase oftapes and|books|||211|504|
|Honorarium||||700|5,500|
|Children's
service expenses||||100|442|
|Conferences,
conventions||and|retreat|387|2,860|
|Welfare support||||7,048|1,141|
|Hospitality||||100|772|
|Audio visual expenses||||169|235|
|Publicity||||1,142|925|
|Legal and professional|fees||||1,928|
|Audit and accountancy|fees|||2,344|2,300|
|Professional
Fees, Licences &|||Permits|890|962|
|Write Off - (Welfare support)||||||
|||||13,090|17,568|
##
|ear ended 31 Dec|ear ended 31 Dec|ember 2020||||
|---|---|---|---|---|---|
|Support Costs||||||
|Management||||||
|Wages||||33,667|33,628|
|Rent and rates||||15,000|9,000|
|Utilities||||4,131|4,586|
|Telephone||||440|517|
|Printing,
postage 8||stationery||756|1,425|
|Insurance||||9,301|8,950|
|Transportation||||2,228|6,430|
|Repairs 8 renewals||8 Equipment|Hire|3,249|3,882|
|Premises Expenses||||1,444|4,909|
|General expenses||||1,976|2,959|
|Depreciation|offixtures and fittings||||1,043|
|Depreciation|of office equipment|||132|25|
|Depreciation|ofchurch equipment|||4,694|6,391|
|Depreciation|of church premises|||2,939|23,720|
|||||79,956|107,466|
|Finance||||||
|Bank charges||||508|983|
|Loan interest|||||523|
|||||508|1,507|
|Total resources expended||||117,787|147,680|
|Net income||||19,999|(18,012)|
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