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||||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)||
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|||||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|
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|||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|
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|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|
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|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|
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|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|
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