| FOUNTAIN | OF WISDOM | OF WISDOM | OF WISDOM | MINISTRIES | MINISTRIES | MINISTRIES | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LEGAL AND ADMINISTRATIVE | INFORMATION | |||||||||||
| Registered | Charity No. | 1169984 | ||||||||||
| Trustees | 0 Ewuosho | |||||||||||
| J Kudakwashe | ||||||||||||
| RThanaraj | ||||||||||||
| Correspondence | Address | The Old Church | Hall | |||||||||
| Rear ofStation | Parade | |||||||||||
| Virginia Water | ||||||||||||
| Surrey | ||||||||||||
| GU25 4AB | ||||||||||||
| Constitution | C.I.O Fountain | ofWisdom | Ministries, | registered | on 2nd November | 2016 | ||||||
| 2nd November | 2016 | |||||||||||
| Objects | To further the Christian | Religion | ||||||||||
| Area of Benefit | National and Overseas |
(Area prescribed | by Governing | Document) |
| Unrestricted | Restricted | Total | Tata I |
||||
|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | 2020 | 2019 | |||
| f | f | E | |||||
| Incoming resources | |||||||
| Donations and Legacies |
181,694 | 3,622 | 185,316 | 190,775 | |||
| Charitable Activities |
3,174 | 1,570 | 4,744 | 12,941 | |||
| Other trading activities |
1,496 | 0 | 1,496 | 4,276 | |||
| Investment Income |
55 | 0 | 55 | 67 | |||
| Grants | 3,183 | 0 | 3,183 | 0 | |||
| Total incoming resources |
189,602 | 5,192 | 194,794 | 208,059 | |||
| Resources expended | |||||||
| Raising funds | 5,806 | 0 | 5,806 | 6,308 | |||
| Charitable activities |
172,535 | 4,811 | 177,346 | 196,434 | |||
| Other | 0 | 0 | 0 | 0 | |||
| Total resources expended | 178,341 | 4,811 | 183,152 | 202,742 | |||
| Net Incoming Resources | 11,261 | 381 | 11,642 | 5,317 | |||
| Total funds brought | forward | 157,249 | 2,804 | 160,053 | 154,736 | ||
| Total funds carried | forward | 11 | 168,510 | 3,185 | 171,695 | 160,053 |
| Notes | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|
| Tangible fixed assets | ||||||
| Freehold property |
360,000 | 368,000 | ||||
| Equipment, fixtures and fittings |
5,759 | 6,902 | ||||
| 365,759 | 374,902 | |||||
| Current assets | ||||||
| Bank accounts | 10 | 48,270 | 39,308 | |||
| Gift aid debtors | 8 | 6,290 | 5,224 | |||
| Other debtors | 8 | 0 | 0 | |||
| Deposits | 8 | 2,394 | 2,850 | |||
| 56,954 | 47,382 | |||||
| Creditors: amounts falling due within one year |
12,900 | 15,801 | ||||
| Net current assets | 44,054 | 31,581 | ||||
| Total assets less current liabilities |
409,813 | 406,483 | ||||
| Creditors: amounts falling due after one year |
96,873 | 105,185 | ||||
| Total net assest | 312,940 | 301,298 | ||||
| Funds ofthe Charity | ||||||
| Unrestricted funds |
168,510 | 157,249 | ||||
| Restricted funds |
3,185 | 2,804 | ||||
| Property revaluation |
reserves | 141,245 | 141,245 | |||
| Total funds | 312,940 | 301,298 |
| per year o | n | the straight | the straight | li | ne basis. P |
roperty is dep |
reciated over 50y |
ears at 2N per | year on the str | aight line |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.Analysis | ofincome | 2020 | 2020 | 2020 | 2019 | |||||
| Unrestricted | Restricted | Total | Total | |||||||
| Funds | Funds | Funds | Funds | |||||||
| f | E | f | E | |||||||
| Voluntary | Income | |||||||||
| Donations | and gifts | 155,662 | 155,662 | 160,552 | ||||||
| Gift aid | 26,032 | 26,032 | 24,640 | |||||||
| Mission | Fund | —restricted | 2,722 | 2,722 | 4,483 | |||||
| Building | Fund | —restricted | 600 | 600 | 800 | |||||
| Broadcasting | Fund - restricted | 300 | 300 | 300 | ||||||
| 181,694 | 3,622 | 185,316 | 190,775 | |||||||
| Charitable | activities | |||||||||
| Merchandise | Sales | 1,904 | 0 | 1,904 | 3,129 | |||||
| Other trading | activities | 950 | 0 | 950 | 1,600 | |||||
| Bible School | 220 | 0 | 220 | 700 | ||||||
| Events | 100 | 0 | 100 | 0 | ||||||
| Retreat | 0 | 0 | 0 | 5,241 | ||||||
| Collections | for speakers | —restricted | 0 | 1,570 | 1,570 | 2,271 | ||||
| Other trading activities | 3,174 | 1,570 | 4,744 | 12,941 | ||||||
| Car Park | Hire | 1,096 | 1,096 | 2,951 | ||||||
| Hall Hire | 400 | 400 | 1,325 | |||||||
| 1,496 | 1,496 | 4,276 | ||||||||
| Other | ||||||||||
| Grants | 3,183 | 3,183 | ||||||||
| Income from | investments | |||||||||
| Interest | 55 | 55 | 67 | |||||||
| Total Income | 189,602 | 5,192 | 194,794 | 208,059 |
| 4.Anaysis | ofexpenditure | 2020 | 2020 | 2020 | 2019 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||||
| Funds | Funds | Funds | Funds | |||||||
| f | f | f | f | |||||||
| Raising funds | ||||||||||
| Printing of brochure | and fliers | 4,352 | 4,352 | 1,384 | ||||||
| Event Costs | 0 | 0 | 428 | |||||||
| Breakfasts | 314 | 314 | 0 | |||||||
| Building Fund |
- restricted | 0 | 0 | 2,421 | ||||||
| Advertising and Promotion |
1,140 | 1,140 | 2,075 | |||||||
| 5,806 | 5,806 | 6,308 | ||||||||
| Charitable | activities | |||||||||
| Welfare 8 Hospitality | 1,183 | 0 | 1,183 | 1,345 | ||||||
| Retreat | 723 | 0 | 723 | 5,454 | ||||||
| Broadcasting | Fund | —restricted | 0 | 0 | 0 | 0 | ||||
| Conference —restricted |
0 | 0 | 0 | 0 | ||||||
| Mission Fund |
-Unrestricted | FOWM | 2,403 | 0 | 2,403 | 1,961 | ||||
| -Restricted | HT | 0 | 2,359 | 2,359 | 5,187 | |||||
| Wages | 83,459 | 0 | 83,459 | 98,660 | ||||||
| Honorarium | 0 | 2,452 | 2,452 | 2,910 | ||||||
| Rent | 362 | 0 | 362 | 700 | ||||||
| Rates | 64 | 0 | 64 | 633 | ||||||
| Water Rates | 246 | 0 | 246 | 265 | ||||||
| Light and heat | 3,006 | 0 | 3,006 | 3,321 | ||||||
| Accommodation/Manse | 27,658 | 0 | 27,658 | 27,064 | ||||||
| Repairs and renewals | 4,679 | 0 | 4,679 | 2,961 | ||||||
| Cleaning | 1,471 | 0 | 1,471 | 1,204 | ||||||
| Insurance | 1,696 | 0 | 1,696 | 1,635 | ||||||
| Merchandise | Purchases | 2,496 | 0 | 2,496 | 805 | |||||
| Evangelism | 370 | 0 | 370 | 2,190 | ||||||
| School of ministry | 0 | 0 | 0 | 108 | ||||||
| Computer Costs |
2,966 | 0 | 2,966 | 1,384 | ||||||
| Printing, postage and |
stationery | 2,292 | 0 | 2,292 | 3,099 | |||||
| Telephone R | Internet | 5,576 | 0 | 5,576 | 6,798 | |||||
| Motor and travelling | expenses | 0 | 0 | 0 | 0 | |||||
| Bank Charges | 1,425 | 0 | 1,425 | 2,034 | ||||||
| Bank Interest | —Building | 2,744 | 0 | 2,744 | 3,603 | |||||
| Photocopier | 2,400 | 0 | 2,400 | 3,394 | ||||||
| Sundry expenses | 323 | 0 | 323 | 228 | ||||||
| Legal and Professional | fees | 1,538 | 0 | 1,538 | 2,139 | |||||
| Accountancy | fees | 11,532 | 0 | 11,532 | 6,842 | |||||
| Depreciation | 11,923 | 0 | 11,923 | 10,988 | ||||||
| Profit/Loss on Asset |
Disposal | 0 | 0 | 0 | (479 l | |||||
| 172,535 | 4,811 | 177,346 | 196,434 | |||||||
| Totalres | ourcesexpended | 178,341 | 4,811 | 183,152 | 202,742 |
| 5.Fees for examination | 5.Fees for examination | 5.Fees for examination | ofthe accounts | ofthe accounts | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||
| f | f | |||||||||
| Independent | examiner's | fee | 1,680 | 1,680 | ||||||
| Other fees paid | to the examiner | 843 | 852 | |||||||
| 6.Paid employees | ||||||||||
| 6.1Staff costs | ||||||||||
| 2020 | 2019 | |||||||||
| f | ||||||||||
| Salaries and wages | 77,895 | 90,757 | ||||||||
| Social security | costs | 2,009 | 3,932 | |||||||
| Pension costs | 3,441 | 3,971 | ||||||||
| Other employee | benefits | 0 | 0 | |||||||
| Total staff costs | 83,345 | 98,660 | ||||||||
| Average headcount | ||||||||||
| No employees than f60,000. |
received employee | benefits | (excluding | employer | pension costs) for | the reporting | period ofm | |||
| 7.Tangible fixed | assets | |||||||||
| Freehold | Fixtures and | |||||||||
| Property | Fittings | Total | ||||||||
| f | f | |||||||||
| Deemed Cost | 01-Jan-20 | 400,000 | 170,249 | 570,249 | ||||||
| Additions | 0 | 2,780 | 2,780 | |||||||
| Disposals Cost at |
31-Dec-20 | 0 400,000 |
(12,112 ) 160,917 |
(12,112 ) 560,917 |
||||||
| Depreciation | 01-Jan-20 | 32,000 | 163,347 | 195,347 | ||||||
| Charge | 8,000 | 3,923 | 11,923 | |||||||
| Disposal Depreciation at |
31-Dec-20 | 40,000 | (12,112) 155,158 |
(12,112) 195,158 |
||||||
| Net Book Value | 31-Dec-20 | 360,000 | 5,759 | 365,759 | ||||||
| Net Book Value | 31-Dec-19 | 368,000 | 6,902 | 374,902 | ||||||
| 8.Debtors and | prepayments | |||||||||
| 2020 | 2019 | |||||||||
| f | f | |||||||||
| Rent deposit | 2,394 | 2,850 | ||||||||
| Gift aid Other debtors |
6,290 0 |
5,224 0 |
||||||||
| Total | 8,684 | 8,074 |
| 9.Creditors and accruals | 9.Creditors and accruals | 9.Creditors and accruals | Within one | year | More | than | one year |
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||||
| f | E | f | f | ||||
| Mortgage | for | hall | 11,220 | 14,121 | 96,873 | 105,185 | |
| Accruals | 1,680 | 1,680 | 0 | 0 | |||
| Other | 0 | 0 | 0 | 0 | |||
| Total | 12,900 | 15,801 | 96,873 | 105,185 | |||
| 10.Cash | at bank and in hand | ||||||
| 2020 | 2019 | ||||||
| f | f | ||||||
| Bank | 48,270 | 39,308 | |||||
| Total | 48,270 | 39,308 | |||||
| 11.Charity funds | |||||||
| Balance | Balance | ||||||
| b/f | Income | Expenditure | c/f | ||||
| E | f | E | E | ||||
| Mission | Fund | 547 | 2,722 | 2,359 | 910 | ||
| Building | Fund | 0 | 600 | 0 | 600 | ||
| Broadcasting | Fund | 1,375 | 300 | 0 | 1,675 | ||
| Collections for speakers | 882 | 1,570 | 2,452 | 0 | |||
| Unrestricted | funds | 157,249 | 189,602 | 178,341 | 168,510 | ||
| Total | 160,053 | 194,794 | 183,152 | 171,695 |