Registered number: 09315818 Charity number: 1170058
CHAPEL OF LIFE
(A company limited by guarantee) UNAUDITED
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
HEDLEY DUNK LIMITED
Chartered Accountants & Statutory Auditor Trinity House House 3 Bullace Lane Dartford Kent DA11BB
CHAPEL OF LIFE IA company Ilmltèd by guarant#• CONTENTS Page Reference and admini$traliv• details of th• Company. its Trustees and advisers Truste¢$' report Ind•pendentexaminerfs report Statement of financial #Ctiviliès Balan¢• Sheet Not•$ to the financlal ststemènts 9-18
CHAPEL OF UFE (Acompany limited by guarantee) REFERENCE AND ADMINISTRATNE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2021 Tftts Mr O M Efueye Mrs M Y OIu9buyi Mr O Adisa Ms A K Nwarthwo Company reglster•d number 09315818 Charity r•glstered number 117CV)58 Registered office Trinity House 3 Bulla Lane Dartford Kenl DA1 IBB Accountants Heilley Dunk Limiteil Chartered Accountants Trinity House 3 Bullace Lane Oartford Kent DA1 1B8 Page 1
CHAPEL OF LIFE IA company limlted by guardnteel TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021 The Trusleps presenl their annual repon together with the finan(xal statements ol Ihe Comparny for the 1 December 2020 to 30 Novembef 2021. The Annual reky)rt seNes the purposes of both 3 Trustees, report and a directors, report under company law. The Trustees confirm that Ihe Annual report and financial slatements ol the charitablè cornpany comply with the curtent statvtory requirements. the requirements of the charitable cornpany's governing document and the PTowsions of Ihe Statement ol Recomwnended PraCte ISORPI applicable to charities preparing their accounts in accordance with Ihe Finanaal Reporb"ng Slandard applicable In the UK and Republic of Ireland IFRS1021 {effectwe 1 January 20191. Since the Company qualifies as small under Sect 382 of the Companies Acl 2ry, the Strategic port required ol mediurn and large companies under the Companies Act 2QJ6 Islrategic Report and Directors, Report) Regulations 2013 has been cwnitted. Objectives and activities • Policies and obiectfiv•s The charity's objects are the thancement of the Chrisban faith accordance wrfh the Statement of Faith by any means whalsoever including but nol limited to the preaching and prodamation of the Christian Gospel and the teaching of Christian doctrine. the prevention or relf of poverty by such means a5 the diiector5 may from lime lo lime think fit and to advance education by such means as the directors may from time to time think fit including (but not h"mited to) ty teaching ba life skills and teachin9 basic skills for irnproved employatm'lity. There has been no Change in Ihe chariils objects during the year. The Trustees have paid due regard to guKlan¢e issued by Ihe Charty Commission in detsding what adivities the charily Shou undertakè. Aeilwities undèrtaken to achitve obj•etives The achievements and perfomiance for Ihe year We as lollM- We started 2020 with a nèw Leadership Team and church organisational structure. Each department now falls wilhin a specific minislry and all volunteers are working logelher wrthin their dirèctorates to carry and luifil the overall wsion of the church. In response to the Covid-19 pandemic, we have transitioned to virtual galherings. in accordan wrth UK govemmenl advice and to ensure the safely of our cong¥egab"on. Our service5 are now live-streamed, which enabS us lo reach and minister lo a much wi¢Jer comrnunrty of individuals. We have introduced dynamic and inleradivè elements to Oul gath"ngs, welcoming a range ol votis lo Ihe virtual pulpit lo take different segments of the seNce$. We have hekl a range of themed. personal development and empowemg virtual seminars. facilitated by professtonal guests sharing wisdom and engaging in inspiring discussions on a variety of topics, including-but nol exclusive to-career, finance, swnlual and physical development and mental hèallh. These events have been an opportunity lo welcome bolh existing thurch members and those from the widet ¢ommunity alike. Our Children and Youth Mrtual dasses have been lun. inter3¢twe and dynarn_ The leachers responsible for every age group have found unique. engaging and dNerse ways to explore the curricvlum with the youths In these unique circumsiances. whilsi empowering them lo share and eychange wilh one another confidently. Our live-streame<l Month Lrfe Academy Bible Siudy classe5 have beme more dynamic and interae, wrth the addition of Mrtual breakout rooms. enaNing everyone io enga9e in small-group discussions on Ihe practical appli¢ats"ons of the Wor*J in our lives today Page 2
CHAPELOF LIFE IA company limited by guarantrel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENOEO 30 NOVEMBER2021 Objectlves and activlties Icontinued We have wekomed a range of topics and quests.ons from the congregation to ouf rnidweek Bible study classes. promoting private and collÈdNe study of His Word, as well as enriching. thoughl-provoking and inspiring group discussions, as we seek to discover God's truth on Ihe matters raised. Chapel of Life has donated and conlributed lo many t1i¥erse charilies that empower the vulnerable and those in challenging circumstances, especaally in this unprecedented season. whilst ¢ontinuing lo encoufage and reach out to its members. provKJing financial and practical $upport where required. As a church, we h8ve SLlPPOrted Ihe fdlowing charities since the fvst UK Lockdown in March 2020 lo present." Food Bank Euston- Combatirng hunger and poverty. Turn 2 US- Prowding finanual support forthose in challenging ciroJmstances. Fareshare UK- Distributing surplu5 food to charities to converterj to meal$. BYP Network Proje¢t- Raising fvnds to support key workers #) the black o)mmunty rtsking their Iwes to work (Jue 1¢ financial Inse¢urilk?s. Heslia- Supporting adums and children in times of uisis. Harvest of the Nations Raising and equippirhg the Bo(ty ol Chwi$t to reach it$ poteniial thr¢)ugh evangeh'srn, ministry schools and providing for the homeless. Shelter- Proding 5UPPOrt, adVe a legal servw to those Struggl79 wilh poor hOuSg and homelessness. House of Wells CL)mmunities. Touching the lives of owianed. abandoned and vulnerable thildren in poverty-ravaged The Ellyott Generation- Supporting indivTrJua15 in their pursuit of purpose aThJ p•rsonal dèvelopment, in Christ. Camden Giving- Encouraging local fundrat5ing for focaj causes. makng Camden a lairar place to live and Wk. Fareshare UK (Marcus Rashford No Chikj Goes HuThJry InrtJ"alivel - Providing meals for children in need, deliverin9 healthy food to food banks. communrty groups. actiwty scheme5 and sch¢)01s. Crisis Icfj Christrnas 2020 - Prov•Jing food. festNe Ireals and emotK)nal and wellbeing support to the homeless 81 Christmas. Financial review • Going concern After makw)g appfopriale enqvirie$. the Trusteès have a reaSonae expeda¢ion Ihat tho Company has adequale resources to continue in operational exislence for the foieseeable fulure. FOT this reason, they conlinue to adopl the going concein basis in preparing the financial statements. Funher details ¢egard(ng the adoption of the going concern basis can be found in the accounling polityes. Page 3
CHAPEL OF LIFE IA company limited by yuarantsel TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2021 • Reserves policy It is the pofw ofthe charity thal unrestitted fvnds whth have not been designated for a specAfK use should be maintained at a le¥el equivalent to bets¥een three and six month's expenditure. The Trustees consideis that reserves at this Ve1 will ensure that, in the event of a svJnificant drop in funding. they will be able to ¢onlinue the charity's current activilies while consideraD"on is given lo way5 in which additional funds may be raised. Thi5 level ofreseNes has been fftaintaine(I Ihrou9hout the year. Flnancial risk management objectives and policies The Trustees have assessed the major risks to which the charity ts èxposed. and a Satisfied that systems are in place lo miligale exposure to the major risks. Structure. governance and managefflent • Constitution Chapel of Life is regislpJed as a ¢harilatAe company limited by guaranlee an¢ was set up by a Memorandum of AssocHtion and is a re9lStered under charity number 117WS8. • Method$ ofappointrTrent orelection 0fTn¢t¢S The management of the Company is Ihe reSpsINty ofthe Trustees who are elected and ¢o-opled uThJer the terms of the Memorandum ofAssociation. • Oryanisational structure and declslon making The Trvstees afe appointed by way ol a Vote and recommendation. which is then 8pproved by the board of Iruslees through a simple rnajority. None of thè Trustees has any nerjaI inièrèst in the comp8ny All of the Trustees are rnembers of Ihe company and guarantee to contribute £1 in the event of a winding up. Page4
CHAPEL OF LIFE {A company limhtÈd by guardnt••} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2021 Statementof Trustees. responsibilities The Tfustees Iwho are also the directors of ihe Company for Ihe purposes of comparhy lawl are responsible for preparing the Truslees, report and ihe financial slatements in aA)rdance with appltible law and Unrted fjngdom Accounling Standards {Unite(l Kingdom Generally Acxepled Accounting Pra¢b"¢el. Company law requires the Truslees to prepare financial 5tatefflenls for ea¢h financial . Under company law, the Trustees musl not approve the financial stst8men15 vnless they are satisfied that they give a true and lair view of the stale ol affairs ol the Company and of ils incoming resources and applicalion of resources. inclvding ils income and expenditure. for Ihal period. In preparing thèse financial statements, the Trustees are required lo.. selecl suitable accounting policies and then apply them c4Jnsi5tenty" observe the mèthods and prinuples ofthe Charitses SORP IFRS 1021., make judgments and accounting estirnales that a reasonab and prudent., stste whether applicable UK A(Lounting Standards {FRS 1021 have been frjllowed, subject to any material departu$ disclosed and explained in the financial staiemenls.. prepare the financial 51alemenls on Ihe going concern basis unless il is inapwopiiale to pSuMe thal the Company will conlinue in business. The Trustees are responsible for keeping adequate a¢¢ounbng re¢ords thai arè suffiaent lo show and explain the C¢rnparny's transactions and disckjse with reasonabfe accuracy at any time the financial position of the Company and enablè Ihem to ensure that the financial slalemenls compty with the Companies Act 2006. They are also responsible for saleguarding the assets of Ihe Company and hen¢e for laknng reasonable steps for tt)e preventson and detection of fraud and other irregularits"es. Approved by order oflhe members ofthe board ofTiuslees and SKJned on their behalf by. Mr O M Efueye Trustee Dale.. 15 August 2022 Page 5
CHAPELOF UFE IA company limiled by gwarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021 Ind*p•nd•nt Examin¢¢s Reportto the Try$tees of Chapel of Life Ilh• Comp•n I report to Ihe charity Trustees on my examinati of Ihe accounts of the Company foi Ihe year ended 30 November 2021. Responsibilities and Ba818 of Report As the Trustees ol the Company {and rts directors for the purposes of company lawl you are responsible lor Inè pparall0 ol the accounts in accordance with Ihe requiremenls of the Cornpanies Act 2006 Ilhe 20[ Acl'l. Having satisfied myself Ihat the accovnts of Ihe Cornpany are not required lo be avdiled under Part 16 of the 2006 Act and are eligible for independenl examination. I report in respect ol my examination ol the Company's accounts carried oul under seditsn 145 of the Charities Acl 2011 flhè 2011 Acl'}. In carrying out my examinats'on I have followed the Directions 9iven by the Charity Commission under section 14Sl5llbl of the 2011 Act. Independent ExamSnerfs Ststement Since the Company's gross income exceeded £250,000 your ey8minef must be a member of a body listèd in seclion 145 of the 2011 Acl. I confirm that l am qualtfied to urKleriake the examination bècause l am a member of In51ilvte of Chartered Accounlants in Englar and Wales. whi¢h is one of the li51ed bodies. I have compleled my examination. I confirm that no matters have come lo my attenlion in connection wrth the examination giving me cause to believe.. accounling records were not kept in respe(a ol the Company as reqltrired by section 386 of the 2006 Aci.. or the ac¢ounl$ do not a¢¢ord with those reCdS. the account5 do nol comply with the 8ccthJnling requirements of se¢ts"on 396 of the 2006 Act other than any requirement thai the accounts give a 't(ue and fai¢ view which is nol a matter conside a5 Part of an independenl examinalK)n-, of the accounis havè not been prepad in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and rewrtThig by charilies lapplicable to charitiÈ5 preparing their accounts in accordance with the Fnancial Repoibng Standard appli¢able in the UK and Republic of Ireland IFRS 102}1. I have no concems and have come across no olher malters in connection with Ihe examinatson to which attenlion should be drawn in this report in order to enable a proper understanding ol Ihe accounts lo be aChed. Signed. Daled: 15August 2022 Jack Fryer ACA He(Jley Dunk Limited Dartford Page 6
CHAPEL OF LIFE IA company limitèd by guarantee) STATEMENT OF FINANCIALACTivmES (INCORPORATING INCOPAE AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2021 Unrestricle(J ftJnd$ Total funds 2021 Total funds 2020 Note Income from: Donations and kgac Investments 357.332 357,332 234,019 28 Total income 357,332 3S7.332 234.047 Expenditure on: Raising funds charitab aclivit*s 219 219 121.019 1,008 143.393 121.019 Totsl èxpendituyg 121.238 121,238 144,401 Not movement in funds 236.094 236.094 89,646 Rèconeiliation of funds: Tolal fijnds brought forward Nel movement in fvnds 179,249 236.094 179.249 236,094 89,603 89,646 Totsl funds carrivd fopward 415.343 415.343 179.249 The Statement of Financaal Acl1vit$ indudes all gains and bsses recognised in the year. The notes orn pages 9 to 18 fomi part of these fmancial sialernenls. Page 7
CHAPEL OF LIFE IA company limited by yuarant•¢l REGISTERED NUMBER: 09315818 BALANCE SHEET AS AT 30 NOVEMBER 2021 2020 F5xed assets Tangible assets 10 13.480 16.098 13.480 16,098 Current ass•ts Debtors Cash at bank and in hand 11 3,523 410.(7 1,435 171,471 413.59) 172,& Creditors.. amounts falling due within one year 12 (11.7261 19,7551 Net current assets 401.864 163,151 Totsl a$$Èts less current liabiltties 415.344 179,249 Total net assets 415,344 179,249 Charfty furKIs Restricted fund5 Unrestricted fvnds 13 13 415.344 179249 Totsl fvnds 415.344 179,249 The Company was entitled to exemption frtyn audrt under section 4T7 ol the Companies Act 20C6. The membets have not requifed the cornpany to obtain an audit for the year in question in ac¢ordance with seciion 476 ofcompanies Act 20C6. The Trustees acknowledge Iheir responsibilitiès for ¢omplyin9 Wth the wuireffenls of the Ad with rpspe¢t lo aoUntIng records and preparation of finanoal statèments. The financial statements have been wepared in accordance wilh the provisions applicable to entities subject to the small companies regime. The financial stalements were approved and aulhorised for t5sue by the Tnjstees and signed on their behalf by.. Mr O M Efu*ye Twsiee Date.. 15Augu512022 The notes on page5 910 18 ftym part oflhese finanaal statements. Page 8
CHAPEL OF LIFE (Acompany limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 30 NOVEMBER 2021 Ggn¢rnl infom)ation Chapel of Life is a private limrted company by guarantee. registered in the England with Companies House and the Charity Commission untjer company number 09315818 and tharity number 117C(J58. The registered office is Trinity Housè. 3 Bullace Lane. Dartford. Kent. DAI 1BB. A¢¢ounting poli¢ios 2.1 Basis of preparntion of financlal ststements The finanaal statèments have bÉen wepared in aceordance wrth the charikn.es SORP IFRS 1021- Aecounting and Reporting by Charities." Statèment of Rectsmmended Praclice applicable lo charities PParIng Iheir accounts in accordance wrth the Financial Reporjing Standaid applicable in the UK and Republic ol Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporiing Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. Chapel of Life meèts the deffinrtion ol a publi¢ bènefit entity under FRS 102. Assets and liabilities are inrtially recognised at historical cost or transaction value unless olherwise slated in the relevant accounting pojicy. 2.2 Income All income is recognised once the Company has enlillement to the inme. rt is probable that ihe income will be recwved and the amounl of i10 receivable can be meawred Teliabty. Income tax recoverable in latiOn to investment irrne is recogn¢sed at Ihe tirne Ihe inveslmenl incorne is receivable. 2.3 Expenditure Expendrture Is re¢ognised onre the ts a 31 or constrtsdNe obligation to translef economic benefit lo a third party. it is probable that a transfer ol economic benefits will be required in seltlernenl and the amount ol the obligation can be measured reliably Expenditure is classified by acbvity. The costs of each activily are made up ol the total of direct costs and shared costs, in¢lu¢Jing support costs tnvolved in undertaknng each admty. Direct W5t$ attributable to a single actjvity are allocated directly to that activity. Shed costs which contribute lo more than one activity and support Costs which are not attributable lo a single acbvity are apportioned betweèn Ihose a¢tJvitiès on a basis consistent with the vse of resources. Central stalf Gosts are alloted on the basis of tiffle spent, and depreCiatn charges allocaled on the pO"on of Ihe ass¢t'$ use. Expenditure on raising funds inchjdes all expenditure irKurred by the Company lo raise funds for ils charitable purposes and indudes cosls of all fundraising actmties events and non-charitable trading. Expenditure on charilable activities i5 incurred on directly undertaking the acts"vities which further Ihe Company'5 obJ"ectives. as well as any associated support costs. All expendrture is in¢lusJve of irrecoverable VAT. 2.4 lrttsrest rffeivab Interest on funds held on depos¢t is induded when re¢eNable anJ the amount can be measured feliably by the Company.. Ihis is normally upon notifi¢ation of thè intere$t paid or payable by the institLtrtion with whom the funds are deposited_ Page 9
CHAPELOF LIFE {A company limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 3Q NOVEMBER 2021 A¢¢ounting poli¢ie$ {¢ontinuedl 2.5 Tanglblè fix•d assets and dèprnclatlon Tangible rued assets costing £NIL or more are capilalised and recogntsed when fvlure namIC benefrts are probable and the cost or value of the asset can be measured reliably. Tangible fryed assets are ttl81 rewnised at eost. After iecognitK)n. under the CA)sl model. tangible fixed assels are rneasured at C05t less accumulated depreuatitsn and any accumulated impairment 105ses. Al Costs incurred to bring 3 tangible fixed asset into its intendÈd working condition should be induded in the measijrement ol cost. Oepreaation is charged so as althate the cost of t8ngible fixed assets less their residual value over Iheir estimated usefvl lives. - Depreryation ts pro¥ed M Ihe foll(Ming bases.. Plant and machinery Computet equipn*nt 25°A rèducing balan - 25'A reduung balarte 2.6 Dèbtoys Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prèpayments are valued at the amount prepaid nel of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand includes ¢ash an(f short-temi highty liqutd investments with 8 short maturity of threè months or less from the date ol acquisitn or opening of the deposit or similar account. 2.8 Llabllltles and provtsions Liabilities are recognised when there ts 8n obliga1 at Ihe Balance sheet dale as a result of a pasl event, it is probable that a transfer of econom benefft will be required in settlement, and the amounl of the 5ettlemenl can be eslimated reliably. Liabilities are reeognised at Ihe amount that thé Company anticipates it will pay to settle the debt or the arntsunl it has received as advanced paymènts for the goods or Ser¥S il musl provide. Provisions a measured at the best estimate of the amounts required to setlle the oblatIOn. Where the effect of the bme value of money is rnaterial, the provision is based on the present valve ol those amounts. discounted at the prtrtax discount rate that reflects the risks specffic to the liability. The unwinding of the discount is recognised in the Stalement of financial activities as a fin8n¢e Cost. 2.9 Financial inslruments The Comp8ny onty has finaft¢ial 8ssets and financial Irabilrtres of a kirNI that qualify as basic financial instrumen1$. Basic financial instruments are initially recognised al transaCtn value and subsequently measured at their settlement value wilh the exception of bank loans which are subsequently mèasured at amortised cost using the effectr¥e Inte51 rreththj. 2.10 Pensions The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in re$et of the year. Page 10
CHAPELOF IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30NOVEMBER 2021 Accounting policies Irontinuedl 2.11 Fund arKounting Genèral funds 8re unreslricled funds which are available for use al Ihe discretion of the Trustees in furtherance of the general objectives ol Ihe Company and whh have not been designaled for other wrposes. Investmenl irbcome, gains and 1055es are alocated lo the appropriate lund. In¢om¢ from donations and legacRs Urwestricted fund5 2021 Total funds 2021 Donations 357,332 357,332 Unrestricted fvn¢Js 2020 Totsl lunds 2020 Donatn5 234,019 234,019 Expendlture on ralsing lunds Costs of raising ¥oluntsry incom• Unrestricted funds 2021 Total funds 2021 Advertising 219 219 Unrestricted ftjnds 2020 Tolal fijnds 2020 ertising 1,8 Pa9e 11
CHAPELOF LIFE {A ¢ompany limited by guarantèè) NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDEO 30 NOVEMBER 2021 Expendilur• on rdising fvnds Icontinuedl Analysis of •xpenditure on charitsble a¢tivitses SumrTrary byfund type Unrestrded funds 2021 Totsl funds 2021 Charrtabk ¥AivitEs 121,019 121,019 UfftstriGted funds 2020 Totsl lunds 2020 Charitsble a¢bMbes 143.393 143.393 Analysis of expendilure by activitie5 Actwilies undertaken direcl 2021 Support costs 2021 Total funds Charrtable activilies 75,968 45,051 121,019 undertaken diredty 2020 Support Costs 2020 Total nds 2020 Charitable actmties 67,490 75.3 143,393 Page 12
CHAPELOF LIFE IA ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021 An•ly$i$ of expèndiiurè by aetivlties Icontinuedl Analysis of direct ¢¢sis Tolal fvnds 2021 Total fijnds 2020 Staff costs Depreciation Venue hirè SunL* exFenses Welfare Choir and musiiians Books 35.835 4.264 13,947 3.766 1,950 16,206 35.367 5.366 704 1.808 3.400 20,345 5CM) 75.968 67.490 Page 13
CHAPELOF LIFE IA company limlted by guarnnteel NOTES TO THE FINANCIAL STATEMEMTS FOR THEYEAR ENDED 30 NOVEMBER 2021 Analysis of expenditure by•¢tivitles l¢ontinuÈdl Anal18 of support costs Total fvnds Total funds 2020 Staff costs 22.741 34,786 326 3,064 593 275 Travel eKpenses Computer expenses Office eypen5es Bank tharges Insur8n¢e Telephone Equipment hire Conference costs Donalions and honorarium Accountancy fee Legal and professional Training 2,373 193 1.942 1.631 14.131 1.8 1,438 4,747 1,801 23,724 1.884 902 1,911 45,051 75,903 Stsff costs 2021 2020 Wages and salaries Social security Costs CtribUtIon lo dered contribution pensbon xhemes 54.731 2,199 1.646 65.775 2.476 1.90Q 58.576 70.153 The average number of persons employed Company during Ihe year was as f10S.. 2021 No. 2020 No. Staff No employee recewed rèmuneration amounling to more ihan £60,rxwJ in either year. Page 14
CHAPEL OF LIFE IA company Ilmited by guarnnlte) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED30 NOVEM8ER 2021 Trttees. remunerdtlon and ¢Mn9•S During Ihe year one Tfuslee received rernuneralion frorn an employment wilh ihe Company. Rev. Efueye did not receive Muneration lor his role as Irustee bul for his services as a Reverend The company paid Rev. Efueye a salary of £32.792(20 £31.9301 and made Fensitin ¢ontn"bthion$ ol £84312020- £9581. During the year ended 30 November 2021. Th) Tiusiee expenses have been incuffed12020- £NIL). Independentexaminerfs remunerntion The independent ex8minerfs Temuneralion amounts to an indepen¢Jenl examiner fee or £580 r2020 - £500). and other servrees of £1.331 {2020- £1.orAII. 10. Tanglble fixed assets Plantand machinery Ctsmpuièr equipment ToLIl Cost or valuation At 1 Decembei 2020 37.781 43,425 1.646 AI 30 November 2021 37,781 7.2 45,071 Depreciation At 1 December 2020 24.814 3.242 2.513 1,022 27.327 4,264 Charge forlhe year AI 30 November 2021 3,535 31,591 Net book value AI 30 NovemL*r 2021 9.725 3,755 13,480 11. Debtors 2021 2020 Due within one ar Prepayments and 8c(yueiJ income 3,523 1.435 3,523 1,435 Page 15
CHAPEL OF UFE IA company limited by guarnntsèl NOTES TO THE FINAIICIAL STATEMENTS FOR THEYEAR ENDED 30 NOVEMBER 2021 12. Creditors: Amounts falling dut within one yèar 2021 2020 Trade cre<lrtors Other taxation and social secwrty Peftsion fund loan payable Accruals and deferred irKome 6.964 2.747 3D5 1.710 3,742 1,883 4,130 11,726 9,755 13. Statement offvnd¥ Statèmfrnt of funds- currnnt year Balan¢¢ at 30 November 2021 Balance al 1 December 2020 Income Expenditu Unrestricted fvnd$ General Fun¢Js- all funds 179.249 357.332 1121.23n 415,344 Stat•ment of funds - prlor year Balance at Balance at 1 December 2019 November 2020 Incnffo Expenditure Unrnstricted funds General Fund5- 311 fLmds 89.603 234,047 1144.4011 179.249 1Q Summary offunds Page 16
CHAPEL OF LIFE IA company limited by guarnnteel 140TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021 14. Summary offund$ l¢onlinued Summary of lunds- currenl year Balanc• at 30 Novembei 2021 Balance at 1 December 2020 Inrome Exponditure General funds 179.249 357,332 1121,2371 415,344 Summary ofluftds- prior year Balance at 30 November 2020 Balan ai 1 December 2019 Incon Expendrture General lunds 89,603 234,047 1144.4011 179.249 15. Analysis of n•t assets between funds Analysls of net assets between funds- ¢urrÈntyear Unrestricted funds 2021 Total funds 2021 Tangit*le fixed assets Current assets Credrtors due within one year 13,480 413,5 {11.7261 13.480 413.590 111.7261 Total 415.344 415.344 Anatysis of netassets bevween fvnds - prioryear unreStrled funds 2020 Total ILtnds 2020 Tangible fixe(J assets Current assets Creditors duewiihin one year 16,098 I72,6 19,755) 16.096 172.9C6 19.7551 Totsl 179.249 179,249 Page 17
CHAPEL OF LIFE IA ¢ompany limited by guar4ntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 30 NOVEMBER 2021 16. Pension conynitments The company operates a defined ¢onln"bution penSn scheme. The asseis of the scheme a held separately from those of the company in an independently adminislered fund. The pension Cost charge paid by the ¢ompany during the year was £1.646 12020 £1.900}. the amount included in creilrtors al the year end is £305 {2020- £1,8831_ 17. Related party tranSalon5 Rev.. Efuèye is also a trustee of Charis Cornmunutions. dvring the year Chapel of Life paid lilhes 10 Charis Communications ol £Nil12020- £6.1661. Page 18