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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||||
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||||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||||||
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||||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|
|10.|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|
##
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|||||||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|
##
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|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|
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