2021-12-31-accounts - City Praise Centre CIO

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					Page
Reference and administrative details ofthe Charity,			its Trustees	and Advisers
Trustees' report					2- 10
Independent auditor's report on	the financial statements				11-14
Statement offinancial activities					15
Balance sheet
Statement ofcash flows					17
Notes to the financial statements					18-32
The following pages do not form part ofthe statutory		financial statements:
Simplified income &expenditure	report				33

Reference	and administrative details ofthe Charity,	and administrative details ofthe Charity,	and administrative details ofthe Charity,	its	Trustees and Advisers
forthe year ended 31		December 2021
Trustees		Mrs Tessy Ojo CBE
		Mr Michael Colkns {resigned		8	February 2021)
		Mr Olayinka Tomori
		Mrs Ruth Lindsay (appointed		8	February 2021)
		Mr Olufemi Lakeru (appointed			12September 2021)
		Mr Graeme Baldwin	(appointed		3October 2021)
Charity registered
number		1160677
Principal office		9-11Lower Higham	Road
		Chalk
		Kent
		DA12 2LY
Key management		Graeme Baldwin, Pastor
personnel		Kwamena Beecham,	Finanaal		Accountant
Independent	auditor	Kreston Reeves LLP
		Chartered Accountants
		Statutory Auditor
		Montague Place
		Quayside
		Chatham Maritime
		Chatham
		Kent
		ME4 4QU
Bankers		OAF Bank Ltd
		25 Kings Hill Avenue
		West Mailing
		Kent
		ME194JQ

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note	8	6
Income from:
Donations and legacies			25,391	477,254	502,645	476,862
Other trading activities			1,698	31,907	33,605	21,601
Total income			27,089	509,161	536,250	498,463
Expenditure on:
Charitable activities		5	33,914	376,304	410,218	409,727
Total expenditure			33,914	376,304	410,218	409,727
Net (expenditure)lincome			(6,825)	132,857	126,032	88,736
Transfers between	funds		12,442	(12,442)
Net movement in	funds		5,617	120,415	126,032	88,736
Reconciliation of	funds:
Total funds brought	forward		375,526	281,395	656,921	568,185
Net movement in funds			5,617	120,415	126,032	88,736
Total funds carried forward			381,143	401,810	782,953	856,921

		Note		2021 F		2020f
Fixed assets
Tangible assets				490,420		472,183
Current assets
Debtors		9	19,694		53,802
Cash at bank and in hand			288,677		142,681
			308,371		196,483
Creditors: amounts	falling due within one
year		10	(15,838)		(11,745)
Net current assets				292,533		184,738
Total net assets				782,953		656,921
Charity funds
Restricted funds				381,143		375,526
Unrestricted funds				401,810		281,395
Total funds				782,953		656,921

Statement ofcash flows
forthe year ended 31 December 2021
				2021	2020
				F
Cash flows from operating	activities
Net cash used in operating	activities (see note 14)			186,625	102,106
Cash flows from investing	activities
Purchase oftangible fixed assets				(40,629)	(14,109)
Net cash used in investing	activities			(40,629)	(14,109)
Change in cash and cash	equivalents	in	the year	145,996	87,997
Cash and cash equivalents	at the beginning		ofthe year	142,681	54,684
Cash and cash equivalents	at the end	of	the year (see note 15)	288,677	142,681
The notes on pages 18to 32 form part ofthese financial statements

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020f
Donations	and Gift Aid		5,310	459,197	464,507	440,181
Grants			20,081	2,074	22,155	20
Government		grants		'I5,983	15,983	36,661
			25,391	477,254	502,645	476,862
Total 2020			13,280	463,582	476,862

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
			6	F
Fundraising			1,698	8,'l20	9,818	6,795
Church	Manse and Maltings	hire		23,787	23,787	14,806
			1,698	31,907	33,605	21,601
Total 2020			1,715	19,886	21,601

		Direct	Mission	Support	Total	Total
		costs	activities	costs	funds	funds
		2021	2021	2021f	2021	2020
Charitable	activities	385,955	20,963	3,300	410,218	409,727
Total 2020		387,702	17,795	4,230	409,727

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021	2021 F	2021f	2020 E
CPC Campus			25,211	25,211	19,062
Pulpit / Hospitality			899	899	415
Office Expenses			8,511	8,511	8,629
Ministry			5,117	5,117	2,825
Membership			6,530	6,530	3,694
Maturity			2,265	2,265	3,950
Magnification			19,694	19,694	20,376
Occasional Activities			7,357	7,357	2,921
Resource Centre			207	207	167
Office Development			15,618	15,618	12,765
National Lottery Community	Fund grant
expenditure		20,081		20,081
Maltings Rent			100,000	100,000	115,000
Staff Costs			140,371	140,371	157,174
Employer's Nl			5,173	5,173	10,740
Employer's Pension			6,529	6,529	7,339
Depreciation		11,158	11,234	22,392	22,645
		31,239	354,716	385,955	387,702
Total 2020		27,012	360,690	387,702

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021 6	2021 6	2020f
Missions	activities	in conjunction	with other
institutions					352	352	300
Mission	activities	with individuals		2,303	17,936	20,239	17,116
Missions	activities	- other		372		372	379
				2,675	18,288	20,963	17,795
Total 2020				10,322	7,473	17,795

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			8	6	E
Auditors'	remuneration		3,300	3,300	3,030
Auditors'	remuneration	- non-audit			1,200
			3,300	3,300	4,230
Total 2020			4,230	4,230

an	employm	ent with the Charity.	The value ofTruste	es' remunerati	on and oth	er benefits was as	follows:
						2021	2020
							E
Mr	Graeme	Baldwin	Remuneration			9,214
			Pension	contributions	paid	453

		Long-term	Leasehold	Fixtures
	Freehold	leasehold	property	and
	property 6	property f	improvements	fittings F	Totalf
Cost
At 1 January 2021	545,293	71,227	48,696	43,727	708,943
Additions	12,600	13,538	4,318	10,173	40,629
At 31 December 2021	557,893	84,765	53,014	53,900	749,572
Depreciation
At 1 January 2021	174,454	8,547	14,071	39,688	236,760
Charge for the year	11,158	3„390	5,301	2,543	22,392
At 31 December 2021	185,612	11,937	19,372	42,231	259,152
Net book value
At 31 December 2021	372,281	72,828	33,642	11,669	490,420
At 31 December 2020	370,839	62,680	34,625	4,039	472,183

		2021	2020
Due within	one year
Prepayments	and accrued income	19,694	53,802
		19,694	53,802

Creditors: Amounts	falling due within one year
		2021f	2020
Other taxation and social security		3,949	2,401
Accruals and deferred	income	11,889	9,344
		15,838	11,745

Deferred	income
			2021	2020
Deferred	income at 1 January 2021		221	3,084
Resources deferred		during the year	170	221
Amounts	released	from previous years	(221)	(3,084)
Deferred	income at 31 December 2021		170	221

						Balance at
		Balance at 1				31
		January			Transfers	December
		2021 F	Income 6	Expenditure F	In/out	2021f
Unrestricted funds
Designated funds
Fixed Assets Fund		38,664		(7.844)	14,491	45,311
The Mailings Fixed	Asset Fund	62,680		(3,390)	13,538	72,828
		101,344		(11,234)	28,029	118,139
General funds
General Funds		180,051	509,161	(365,070)	(40,471)	283,671
Total Unrestricted	funds	281,395	509,161	(376,304)	(12,442)	401,810
Restricted funds
Endowed Property	Fund	370,839		(11,158)	12,600	372,281
With Love Fund		3,371	1,698	(1,539)	(158)	3,372
Mission India Fund		1,316	5,310	(1,136)		5,490
National Lottery Community
Fund grant			20,081	(20,081)
		375,526	27,089	(33,914)	12,442	381,143
Total offunds		656,921	536,250	(410,218)		782,953

Statement offunds	- prior year
						Balance at
		Balance at				31
		1 January			Transfers	December
		2020 B	Income f	Expenditure 6	in/out F	2020 6
Unrestricted funds
Designated funds
Fixed Assets Fund		33,445		(8,890)	14,109	38,664
The Maltings Fixed	Asset Fund	65,529		(2,849)		62,680
		98,974		(11,739)	14,109	101,344
General funds
General Funds		76,634	483,468	(360,654)	(19,397)	180,051
Total Unrestricted	funds	175,608	483,468	(372,393)	(5,288)	281,395
Restricted funds
Endowed Property	Fund	381,745		(10,906)		370,839
With Love Fund		1,759	1,715	(103)		3,371
Mission India Fund			11,535	(10,219)		1,316
Word on the Street	Fund	9,073	1,745	(16,106)	5,288
		392,577	14,995	(37,334)	5,288	375,526
Total offunds		568,185	498,463	(409,727)		656,921

Summary	offunds - cur	rent year
						Balance at
		Balance at 1				31
		January			Transfers	December
		2021	Income	Expenditure	in/out	2021
		F	6	6
Designated	funds	101,344		(11,234)	28,029	118,139
General funds		180,051	509,161	(365,070)	(40,471)	283,671
Restricted	funds	375,526	27,089	(33,914)	12,442	381,143
		656,921	536,250	(410,218)		782,953

							Balance at
			Balance at				31
			1 January			Transfers	December
			2020f	Income f	Expenditure	in/outf	2020
Designated		funds	98,974		(11,739)	14,109	101,344
General	funds		76,634	483,468	(360,654)	(19,397)	180,051
Restricted		funds	392,577	14,995	(37,334)	5,288	375,526
			568,185	498,463	(409,727)		656,921

Analysis ofnet assets between funds - curre	nt year
	Restricted	Unrestricted	Total
	funds	funds	funds
	2021 F	2021	2021f
Tangible fixed assets	372,281	118,139	490,420
Current assets	8,862	299,509	308,371
Creditors due within one year		(15,838)	(15,838)
Total	381,143	401,810	782,953

Analysis	ofn	et asse	ts	between funds -prior	year
					Restricted	Unrestricted	Total
					funds	funds	funds
					2020f	2020	2020f
Tangible	fixed	assets			370,839	101,344	472,183
Current	assets				5,100	191,383	196,483
Creditors	due	within	one	year	(413)	(11,332)	(11,745)
					375,526	281,395	656,921

								2021	2020
								6
	Net income for the		year (as per Statement			of Financial	Activities)	126,032	88,736
	Adjustments	for:
	Depreciation	charges						22,392	22,645
	Decrease/(increase)			in debtors				34,108	(5,&06)
	Increase/(decrease)			in creditors				4,093	(3,469)
	Net cash provided		by operating		activities			186,625	102,106
15.	Analysis of	cash	and cash equivalents
								2021	2020
								6
	Cash in hand							288,677	142,681
	Total cash and cash equivalents							288,677	142,681
16.	Analysis of	changes		in net debt

						At 1		At 31
						January		December
						2021	Cash flows 6	2021f
Cash	at	bank	and	in	hand	142,681	145,996	288,677
						142,681	145,996	2&8,6?7