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||||Page|
|---|---|---|---|
|Legal and administrative
information||||
|Report ofthe Trustees||||
|Report ofthe auditors|||7-9|
|Statement offinancial|activities||10|
|Balance sheet||||
|Notes to the financial|statements||12-17|
|Detailed Income and expenditure||accounts|18-19|
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|Trustees:|Patience Enenmoh|Patience Enenmoh|
|---|---|---|
||Olugbenga|Kunuyi|
||Akinwale
Olurebi||
|Registered office:|65 Church|Street|
||Edmonton||
||Middlesex||
||N9 9PY||
|Charity number:|115~3||
|Auditors:|Fairman Harris||
||1Landor Road||
||London||
||SW99RX||
|Bankers:|CAF Bank||
||HSBC Bank Plc||
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|||Unrestricted|Restricted|2020|
|---|---|---|---|---|
|||funds|funds|Total|
||Notes||||
|INCOMING RESOURCES|||||
|W~v '|||||
|Donations,
tithes and offerings||258,526||258,526|
|Other incomkt
resources|||||
|Gift aid receivable||33,990||33,990|
|Sundry income||20,433||20,433|
|Mission contribution
received||20,472||20,472|
|Building fund||23,700||23,700|
|Total incoming resources||357,121||357,121|
|RESOURCES EXPENDED|||||
|(Costs ofactivities infurtherance ofthe|||||
|objects ofthe charity)|||||
|Direct Charitable
activities||125,206||125,206|
|Management
and Support activities||90,128||90,128|
|Governance
costs||35,597||35,597|
|Finance costs||67,197||67,197|
|Total resources expended||318,129||318,129|
|Net movement
in funds for the period||38,992||38,992|
|Total funds brought forward||232,244||232,244|
|Revaluation
reserve||908,262||908,262|
|Total Funds asat31December 2020||1,179,498||1,179,498|
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||||Unrestricted|Restricted|2020|
|---|---|---|---|---|---|
|||Notes||||
|FIXEDASSETS||||||
|Tangible assets|||2,497,701||2,497,701|
|Current assets||||||
|Stock|||585||585|
|Debtors and prepayments|||187,709||187,709|
|Cash at bank and in|hand||61,310||61,310|
||||249,604||249,604|
|Creditors: amounts|falling due|||||
|within|one year||(183,168)||(183,168)|
|Net current assets|||66,436||66,436|
|Total assets less nm rent liabilities|||2~,137||2~,137|
|Creditors: amounts|falling due after|||||
|more than one year||10|(1,384,639)||(1,384,639)|
||||1,179,498||1,179,498|
|Finat~d by:||||||
|Funds||13|1,179,498||1,179,498|
|Total funds|||1,179,498||1,179,498|
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|Cost/valuation|1%|cost/valuation|
|---|---|---|
|Fixtures and fittings|25%|reducing balance|
|Motor vehicles|25%|reducing balance|
|Computer
and other equipment|25%|reducing balance|
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|Total staff costs during the period|were:||
|---|---|---|
|||2020|
|Salaries and Wages||S4,749|
|No employee received remuneration|ofmore than f40,000.||
|The average number ofemployees|during the year||
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|Voluntary
income|||
|---|---|---|
|||2020|
|Tithes and Offerings||258,526|
|Building fund||23,700|
|Gift Aid||33,990|
|Other Income||20,433|
|Mission contribution|received|20,472|
|||357,121|
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|||2020|
|---|---|---|
|Auditor's|remuneration|3,600|
|Accountancy
fees||2,160|
|Legal and|professional|29,837|
|||35,597|
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|All assets are heldfo|r charitable purpo|ses||||
|---|---|---|---|---|---|
|||Fixtures Fs|Motor|~om|uter|
|Cost|buildings|littlngs|vebtctes|ss~ui|ment
t.'|
|Balances b/f|1,791,738|6,300|15,000||26,719|
|Valuation/additions|938,338||||15,715|
|Balances c/f|2,730,076|6,300|15,000||42,433|
|Accumulated||||||
|de reciation||||||
|Balance b/f|233,370|4,307|10,254||10,917|
|Charge for the year|24,967|498|1,187||10,608|
|Balances c/f|258,337|4,805|11,441||21,525|
|Net book value||||||
|At 31/12/2020|2,471,739|1,495|3,560||20,908|
|||2020|
|---|---|---|
|||Total|
|Cost|||
|Balances|b/f|1,839,757|
|Valuation|/additions|954,052|
|Balances|c/f|2,793,809|
|Accumulated|de reciation||
|---|---|---|
|Balance b/f||258,848|
|Charge for the|year|37,260|
|Balances c/f||296,108|
|Net book value||2,497,701|
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|8.|Debtors||2020|
|---|---|---|---|
||Accrued income||13,776|
||Other Debtors||173,933|
||||187,709|
|9.|Creditors due within|1year|2020|
||Loans and overdraft||100,731|
||Other creditors and accrual||82,437|
||||183,168|
|10.|Creditors due after 1year||2020|
||Loans and overdraft||1,384,639|
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|||Balances at|Movement|in Resources|Balances at|
|---|---|---|---|---|---|
|||01/01/2020|~lncnmin|Outgooin,|31/12/2020|
|Unrestricted|funds|232,244|357,121|(318,129)|271,236|
|Revaluation|reserve||908,262||908,262|
|Restricted funds||||||
|||232344|1,265,383|(318,129)|1,179,498|
##
|Reconciliation|offunds - continued||
|---|---|---|
|||2020|
|Represented|by:||
|Fixed Assets||2,497,701|
|Current Assets||249,604|
|Liabilities||(1,567,807|
|||1,179,498|
##
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||||2020||
|---|---|---|---|---|
|INCOME|||||
|Donations,
tithes and offerings:|||||
|||- Unrestricted||258,526|
|Other income|||||
|Gift aid|||33,990||
|Building fund|||23,700||
|Sundry income|||20,433||
|Mission contribution||received|20,472||
|||||98,595|
|||||357,121|
|EXPENDITURE|||||
|Direct Charitabie Costs:|||||
|Wages and salaries|||38,324||
|Rates|||13,692||
|Honorarium|||9,550||
|Evangelism/outreach||work|4,963||
|Welfare support|||9,079||
|Missions|||24,642||
|Audio and visual|||21,554||
|Publicity|||100||
|Office/general|administration||3,302||
||||125,206||
|Management|&Support||||
|Wages|||16,425||
|Rates|||2,416||
|Insurance|||3,063||
|Light and heat|||22,856||
|Telephone|||3,010||
||||47,771||
|Balances carried forward|||172,977|357,121|
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|||2020|
|---|---|---|
|Balances brought forward||172,977|
|Management 4Support|- cont'd||
|Computer
and equipment|expenses|3,047|
|Subscriptions||456|
|Motor vehicle expenses||1,594|
|Depreciation - Freehold property||24,967|
|Depreciation - Fixture &|furnitures|498|
|Depreciation - Motor vehicles||1,187|
|Depreciation - Computer|equipment|10,608|
|||42,357|
|Governance costs:|||
|&gal 4,Professional||29,837|
|Auditor's
remuneration||3,600|
|Accountancy
fees||2,160|
|||35,597|
|Finance Costs:|||
|Bank charges||40,568|
|Mortgage interests||26,630|
|||67,197|
|Surplus for the period|||