2021-12-31-accounts - Christ Gospel Assembly

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Contents
Legal and Administrative		Information
Report ofthe	Trustees
Independent	Examiner's	report
Statement of	Financial Activities
Balance sheet
Notes to the Accounts

		Notes	Current year Unrestricted	Current year Restricted	Current year Total Funds	Prior Year Total Funds
			Funds	Funds
			2021	2021	2021	2020
			E	E	K	F.
Income k Endowments	irom:
Donations k Legades Investments			68,163	2,115 17,224	70,278 17,224	65,921
Total income			68,163	19,339	87,502	65,921
Expenditure on
Charitable activities			30,919	13,535	44,454	40,011
Total expet~ure			30,919	13,535	44,454	40,011
Net income for the year			37,244	5,804	43,048	25,910
Net income after transfers		A-B	37,244	5,804	43,048	25,910
Other recognised gains/(losses)
Net gains on revaluation	ofaxed			20,636	20,636
assets
Net movement in funds			37,244	26,440	63,684	25,910
ReconciTiatjon of funds:-
Total funds brought forward			66,255	90,664	156,919	131,009
Total hmds carried forward			103,499	117,104	220,603	156,919

			Prior Year	Prior Year	Prior Year
		Notes	Unres tricted	Restricted	Total Funds
			Funds	Funds
			2020	2020	2020
Incoine k Kndowmems	kom:
Donations gz Legacies			60,621	5,300	65,921
Total lllcome			60,621	5,300	65,921
Expenditure on:
Charitable activities			40,011		40,011
Total expenditure			40,011		40,011
Net income for the year		A-B	20,610	5,300	25,910
Net income alb'r transfers			20,610	5,300	25,910
Net moveinent infun'			20,610	5,300	25,910
ReconciTiation offunds:-
Total funds brought forward			45,645	85,364	131,009
Total funds carried forward			66,255	90,664	156,919
All activities derive from continuing		operations.

			2021	2020
Funds generated in the year as Resources applied on functional Resources applied on Intangible	detailed in the SOFA fixed assets assets		63,684	25,910 (85,889) (731)
Net resources available to	fund charitable	activities	63,684	(60,710)

Revenue accu	mula	ted	funds
				Unrestricted		Restricted	Total	Last year
				Funds		Punds	Funds	Total Funds
				2021		2021	2021	2020
				E				K
Accumulated	funds brought forward			66,255		5,300	71,555	45,645
Recognised gains		and	losses before transfers	37,244		5,804	43,048	25,910
				103,499		11,104	114,603	71,555
Qosing revenue		funds		103,499		11,104	114,603	71,555
Pixel asset funds						Restricted Funds	Total Funds	Last year Total Funds
						2021	2021	2020
At I January						85,364	85,364	85,364
At 31December						85,364	85,364	85,364
Revaluation	Reserve		Fund			Restricted Funds	Total Funds	Last year Total Purds
						2021	2021	2020
							E	E
At I January
Net gains on revahation of6xed assets						20,636	20,636
At 31December						20,636	20,636
Summary of funds				Unrestricted and		Restricted. Funds	Total Funds	Last Year Total Funds
				Designated	funds
				2021		2021	2021	2020
						E	E
Revenue accumulated Fixed asset funds Revaluation reserve			funds fund	103,499		11,104 85,364 20,636	114,603 85,364 20,636	71,555 85,364
Total funds				103,499		117,104	220,603	156,919

				2021	2020
Iizcome
Income &om operations				70,278	65,921
Investment income
Income &om investments, other than interest Interest receivable	receivable			17,218 6
Gross income in the year before exceptional items				87,502	65,921
Gross income in the year including exceptional	item			87,502	65,921
Eqmnditure
Charitable expenditure, excluding depreciation and Depredation and amortisation Governance casts Realised losses on disposals ofsocial investments		amortisation which areprag~	rela'	42,405 1,149 900	38,399 762 850
Total expenditure in the year				44,454	40,011
Net income before tax in the imancial year				43,048	25,910
Taxan surplus on ordinary activity
Net income after tax in the Bnancial year				43,048	25,910
Retained surplus for the Gnancial year				43,048	25,910
AII activities derive &om continuing operations

CHRIST GOSPEL A	SSEMB	LY -	Balance Sheet	as at 31 De	cember 2021
			Notes		2021	2020
					E
Fixed assets
Intangible assets Tangible assets					548 109,603	731 89,933
Total fixed assets					110,151	90,664
Current assets
Cash at bank and in hand				110,452		68,032
Creditors: amounts	falling	due
within one year						(1,777)
Net current assets					110,452	66,255
The total net assets	ofthe				220,60$	156,919
charity
The total net assets	ofthe	charity	are funded by the funds		ofthe charity,	as follows:-
Restricted funds
Restricted Revenue Funds				11,104		5,300
Restricted Fixed Asset	Funds			85,364		85,364
Restticted Revaluation	Reserve			20,636
					117,104	90,664
Unres tricted Funds
Unrestricted Revenue	Funds		30	103,499		66,255
					103,499	66,255
Designated Funds
Total charity funds					220,603	156,919

Freehold property	-not depreciated
Long term leasehold property	-50years
Fixtures and Fittings	—10years
0%ceEquipment	—10years
Motor Vehicle	—5years

3.	Donations, Grants and Legades	Donations, Grants and Legades	Donations, Grants and Legades
						Curie' year Unrestricted	Current year Restricted		Current year Total Funds	Prior Year Total Funds
						Funds	Funds
						2021	2021		2021	2020
										E
	Donations and gifts from		individuals
	Gik aid claim					9,618			9,618	12,220
	Building fiund Tithes, ofFerings, tharikgiving Covid-19 Job retention grant					47,762 7,817	2,115		2,115 47,762 7,817	5,330 38,490 9,881
	Womens Fund					2,966			2,966
	Total Donations, Grants		and Legacies			68,163	2,115		70,278	65,921
	Ofthe prior year funds, Z5,300				relates	to Respected Funds.
4	Investment mcome
						Current year Unres~	Current year Restricted		Current year Total Funds	Prior Year Total Funds
						Funds	Funds
						2021	2021		2021	2020
	Property Rental Income						17,218		17,218
	Bank Intetm tReceivable							6	6
	Total investment income						17,224		17,224
5.	Eiq&~ on charitable	activities
						Current year	Current	year	Current year	Prior Year
						Uiuestricted	Restricted		Total Funds	Toed Funds
	Direct SpeodinI,					Funds	Funds
						2021	2021		2021	2020
							6
	Gross wages and salaries	-	charitable		activities	11,375			11,375	14,000
	Employers' IVI —Charitable		activities			534			534	720
	Defined benefit pension costs —charitable
	acuvlues					1,109			1,109	1,120
	Temporary Sta6'- Charitable		Activities							100
	Travel and Subsistence —Charitable			Activities						186
	Christmas gifts									200
	Charitable weHare activities Victorious women Outdoor Park Meeting Rqem es Total direct spending					1,000 1,200 15,218			1,000 1,200 15,218	3,203 125 250 19,904

Support costs for charitab	l	e activitie	s
				Current year		Current year	Current year		Prior Year
				Unrestricted		Restricted	Total Funds		Total Funds
Current Year					Funds	Funds
					2021	2021	2021
Aentises &pemes Rent payable under operating Light heat and power Repairs		leases			10,200 1,137	11,300 1,800	21,500 1,137 1,800		12,947 430
Council tax						195		195
Administrative overheads Telephone, faxand~ Stationery and prinnng Equipment expenses Soke are licences and expenses					593 78 144			593 78 144	463 75 96 1,428
Liabilty and contents insurance Sundry expenses Equipment, repairs, expenses and maintenance					974 9			974 9	421 450 1,500
Proiessionaifees paid to		advxsors	other	than	the auditor	or eannuner
Accountancy fees other than	exatnination		or
audit fees Legal fees								55
Consultancy fees								462
Management fees								240
Pinancid costs
Depreciation 8r.Amortisation		in total for	the		1,149			1,149	762
Total support costs —Current		Year			14,801	13,535	28,336		19,257
Other Expenditure - Governance costs
				Current year		Current year	Current	year	Prior Year
				Unrestricted		Restricted	Total Funds		Total Funds
Current Year					Funds	Funds
					2021	2021	2021
						E
Independent Examiner's fees					900			900	850
TotalGovt costs					900				850

				Current year	Current year	Current year	Current	year	Prior	Year
				Unrestricted		Restricted	Total Punds		Total Punds
				Funds		Funds
				2021		2021	2021			2020
Total directs~ Total support costs					15,218 14,801	13,535	15,218 28,336			I9,904 19,257
Total Goverrmxe	costs				900			900		850
Total charitable expenditure					30,919	13,535	44,454			40,011
All the expenditure		in	the prior year was unrestricted.
Staff costs and	emoluments
Sa1ary costs							2021			2020
Gross Salaries excluding			trustees	and key management	personnel		11,375			14,100
Employer's National		Insurance for all stafF						534		720
Employer's contribution to deBned benefit pension schemes								1,109		1,120
Total salaries,	wages		and related costs				13,018			15,940
The average number		ofpart time		staff employed m the	year was
intangible Fixed	Assets							2021		2020
									E
Goodwill
Cost
At I January 2021
Additions										731
At 31 December	2021							731		731
AmomsatJon
Provided during	the	year						183
At 31 December	2021							183
Net book value										731

Current Fear			Land and Buihhngs	Plant 8T. Machinery	Motor Vehicles	Total
			K
Cost
At 1January 2021 Surplus on revaluation			85,364 20,636	9,657		95,021 20,636
At 31December 2021			106,000	9,657		115,657
Depreciation At 1January 2021 Charge for the year				5,088 966		5,088 966
At 31December 2021				6,054		6,054
Net book value
At 31December 2021			106,000	3,603		109,603
At 31December 2020			85,364	4,569		89,933
Land and Buildings	(K85,364), relate to Historical		cost ofinvestment properties. The
surplus on revaluation		is as a result ofcomparing	the historical cost with		mid position	on
Zoopla house prices	as	at 31/12/2021.

2021	2020
	1,777

At 31December 2021	At 31December 2021	At 31December 2021		Unrestricted	Designated	Restricted	Total
				funds	fumh	funds	Funds
						F.	1'.
Intangible		Assets		548			548
Tangible		Fixed Assets		3,603		106,000	109,603
Current Assets				99,348		11,104	110,452
				103,499		117,104	220,603
At 1 January 2021				Unrestricted	Designated	Restricted	Total
				funds	funds	funds	Funds
							K
Intangible		Assets		731			731
Tangible		Fixed Assets		4,569		85,364	89,933
Current	Assets			62,732		5,300	68,032
Current	Liabilities			(1,777)			(1,777)
			21	66,2SS		90,664	156,919