##
||||Pages|
|---|---|---|---|
|Trustees'
Annual
Report|||2to3|
|Independent
Examiner's|Report|||
|Statement of Financial Activities||||
|Summary
Income and Expenditure||Account||
|Balance Sheet||||
|Statement ofCash flows||||
|Notes to the Accounts|||9to 15|
|Detailed Statement
of Financial Activities|||16to 17|
##
##
##
##
##
##
##
##
|for the year|ended 30Novem|ber
2020||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Total funds|Total funds|
||||2020|2020|2019|
|||Notes|f|f|f|
|Income and|endowments|||||
|from:||||||
|Donations|and legacies||25,118|25,118|32,879|
|Other|||2,000|2,000||
|Total|||27,118|27,118|32,879|
|Expenditure|on:|||||
|Raising funds|||860|860|2,760|
|Charitable|activities||635|635|756|
|Other|||11,834|11,834|10,679|
|Total|||13,329|13,329|14,195|
|Net gains on|investments|||||
|Net income|||13,789|13,789|18,684|
|Transfers
between
funds||||||
|Net income|before other||13,789|13,789|18,684|
|gains/(losses)||||||
|Other gains|and losses|||||
|Net movement
in funds|||13,789|13,789|18,684|
|Reconciliation offunds:||||||
|Total funds brought forward|||14,630|14,630|(4,054)|
|Total funds carried forward|||28,419|28,419|14,630|
##
##
|||2020|2019|
|---|---|---|---|
|||f|f|
|Income||27,118|32,879|
|Gross income for the year||27,118|32,879|
|Expenditure||12,529|14,195|
|Depreciation|and charges for|||
|impairment|offixed assets|800||
|Total expenditure
for the year||13,329|14,195|
|Net income|before tax for the year|13,789|18,684|
|Net income|for the year|13,789|18,684|
##
|Company|No.
11074815|No.
11074815|No.
11074815|Notes|2020|2019|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets|||||3,200||
||||||3,200||
|Current assets|||||||
|Cash at|bank and|in hand|||27,694|17,105|
||||||27,694|17,105|
|Creditors:|Amount
falling due within one year|||12|(2,425)|(2,475)|
|Net current assets|||||25,269|14,630|
|Total assets less current|||liabilities||28,469|14,630|
|Provisions|for liabilities|||13|(50)||
|Net assets|excluding|pension asset or liability|||28,419|14,630|
|Total net assets|||||28,419|14,630|
|The funds|of the charity||||||
|Restricted|funds|||14|||
|Unrestricted
funds||||14|||
|General|funds||||28,419|14,630|
||||||28,419|14,630|
|Reserves||||14|||
|Total funds|||||28,419|14,630|
##
##
##
|||2020|2019|
|---|---|---|---|
|||f|f|
|Cash flows from operating|activities|||
|Net income per Statement|ofFinancial Activities|13,789|18,684|
|Adjustments
for:||||
|Movement
in provisions||50||
|Depreciation
of property,
plant and equipment||800||
|Dividends,
interest and|rents from investments|(2,000)||
|Decrease in trade and other payables||(50)|(1,579)|
|Net cash provided
by operating
activities||12,589|17,105|
|Cash flows from investing|activities|||
|Payments for property,|plant and equipment|(4,000)||
|Dividends,
interest and|rents from investments|2,000||
|Net cash used in investing|activities|(2,000)||
|Net cash from financing activities||||
|Net increase in cash and cash equivalents||10,589|17,105|
|Cash and cash equivalents|at the beginning ofthe year|17,105||
|Cash and cash equivalents|atthe end ofthe year|27,694|17,105|
|Components
ofcash and cash equivalents||||
|Cash and bank balances||27,694|17,105|
|||27,694|17,105|
##
##
##
|Fund accounting|Fund accounting|Fund accounting|Fund accounting||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted||funds||These are available for use at the discretion|ofthe trustees||in furtherance|||of|the||
|||||general objects ofthe charity.|||||||||
|Designated|funds|||These are unrestricted
funds earmarked
by|the trustees|for particular||purposes.|||||
|Revaluation||funds||These are unrestricted
funds which include|a revaluation|reserve representing||||||the|
|||||restatement
of investment
assets at their market values.|||||||||
|Restricted|funds|||These are available for use subject to restrictions
imposed|||by the donor||or|through|||
|||||terms ofan appeal.|||||||||
|Income|||||||||||||
|Recognition||of||Income is included
in the Statement of Financial Activities|||(SoFA) when|the||charity|||
|income||||becomes entitled to, and virtually
certain to receive, the||income and the|||amount of||||
|||||the income can be measured
with sufficient|reliability.||||||||
|Income with||related||Where income has related expenditure
the|income and|related expenditure|||||is||
|expenditure||||reported gross in the SoFA.|||||||||
|Donations|and|||Voluntary
income received
by way of grants, donations||and gifts is included||||in||the|
|legacies||||the SoFA when receivable
and
only when the Charity has|||unconditional||||||
|||||entitlement
to the income.|||||||||
|Tax reclaims||on||Income from tax reclaims
is included
in the|SoFA at the same time as the||||||||
|donations|and||gifts|gift/donation
to which it relates.|||||||||
|Donated services||||These are only included
in income (with an|equivalent
amount
in expenditure)||||||||
|and facilities||||where the benefit to the Charity
is reasonably
quantifiable,|||measurable||and||||
|||||material.|||||||||
|Volunteer|help|||The value of any volunteer
help received
is|not included|in the accounts.|||||||
|Investment||income||This is included
in the accounts when receivable.|||||||||
|Gains/(losses)|||on|This includes
any gain or loss resulting
from|revaluing
investments
to market||||||value||
|revaluation||of|fixed|at the end ofthe year.|||||||||
|assets|||||||||||||
|Gains/(losses)|||on|This includes
any gain or loss on the sale of|investments.||||||||
|investment||assets|||||||||||
|Expenditure|||||
|---|---|---|---|---|
|Recognition|of|Expenditure
is recognised
on an accruals basis. Expenditure
includes||any VAT which|
|expenditure||cannot be fully recovered,
and is reported
as part ofthe expenditure||to which it|
|||relates.|||
|Expenditure|on|These comprise the costs associated
with attracting
voluntary|income, fundraising||
|raising funds||trading costs and investment
management
costs.|||
|Expenditure|on|These comprise the costs incurred
by the Charity
in the delivery of its||activities and|
|charitable
activities||services
in the furtherance
of its objects, including the making|ofgrants and||
|||governance
costs.|||
|Grants payable||All grant expenditure
is accounted for on an actual paid basis|plus an|accrual for|
|||grants that have been approved
by the trustees at the end of|the year but not yet||
|||paid.|||
|Governance|costs|These include those costs associated
with meeting the constitutional||and statutory|
|||requirements
of the Charity,
including
any audit/independent|examination
fees,||
|||costs linked to the strategic management
ofthe Charity, together with a share of|||
|||other administration
costs.|||
|Other expenditure||These are support costs not allocated to a particular
activity.|||
##
##
##
##
##
##
##
##
|||Unrestricted||
|---|---|---|---|
|||funds|Total funds|
|||2019|2019|
|Income and endowments|from:|||
|Donations
and legacies||32,879|32,879|
|Total||32,879|32,879|
|Expenditure
on:||||
|Raising funds||2,760|2,760|
|Charitable
activities||756|756|
|Other||10,679|10,679|
|Total||14,195|14,195|
|Net income||18,684|18,684|
|Net income before other||18,684|18,684|
|gains/(losses)||||
|Other gains and losses:||||
|Net movement
in funds||18,684|18,684|
|Reconciliation offunds:||||
|Total funds brought forward||(4,054)|(4,054)|
|Total funds carried forward||14,630|14,630|
##
||Unrestricted|Total|Total|
|---|---|---|---|
|||2020|2019|
|Honourarium|21,786|21,786|27,494|
|Event|3,332|3332|5,385|
||25,118|25,118|32,879|
|Other income||||
||Unrestricted|Total|Total|
|||2020|2019|
|Grant|2,000|2,000||
||2,000|2,000||
##
##
||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
||Costs ofgenerating||voluntary|||||||
||income|||||||||
||Honourarium||||||100|100|100|
||Event||||||||246|
||Instrumentalists||||||400|400|1,240|
||Fundraising|trading|costs|||||||
||RCCG WEM||||||360|360|1,174|
||||||||860|860|2,760|
|7|Expenditure|on charitable|||activities|||||
||||||||Unrestricted|Total|Total|
|||||||||2020|2019|
||Expenditure|on charitable||||||||
||activities|||||||||
||Local projects||||||310|310|206|
||Books||||||75|75|100|
||Central Office Fund||||||250|250|450|
||Governance|costs||||||||
||||||||635|635|756|
|8|Other expenditure|||||||||
||||||||Unrestricted|Total|Total|
|||||||||2020|2019|
||Employee costs||||||571|571|288|
||Premises costs||||||7,018|7,018|7,342|
||Amortisation,|depreciation,||||||||
||impairment,|profit/loss||on|||800|800||
||disposal offixed assets|||||||||
||General administrative|||costs|||2,595|2,595|1,649|
||Legal and professional|||costs|||850|850|1,400|
||||||||11,834|11,834|10,679|
|9|Net income|before|transfers|||||||
||||||||2020||2019|
||This is stated|after|charging:||||f||f|
||Depreciation|ofowned||fixed assets|||800|||
|10|Staff costs|||||||||
||No employee|received||emoluments||in excess off60,000.||||
##
##
|11|Tangible fix||ed as|sets||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Fixtures,||
|||||||||fittings and|Total|
|||||||||equipment||
|||||||||f||
||Cost or revaluation|||||||||
||Additions|||||||4,000|4,000|
||At 30November|||2020||||4,000|4,000|
||Depreciation||and|||||||
||impairment|||||||||
||Depreciation||charge forthe|||||800|800|
||year|||||||||
||At 30November|||2020||||800|800|
||Net book values|||||||||
||At 30November|||2020||||3,200|3,200|
|12|Creditors:|||||||||
||amounts
falling due within one year|||||||||
||||||||2020||2019|
||||||||f||f|
||Loans from|trustees|||||1,575||1,575|
||Accruals and||deferred||income||850||900|
||||||||2,425||2,475|
|13|Provisions|||||||||
|||||||||Revaluation|Total|
|||||||||f|f|
||Movement|for the year||||||50|50|
||At 30November|||2020||||50|50|
|14|Movement||in funds|||||||
||||||||Incoming|||
||||||||resources||At 30|
||||||||(including|Resources|November|
|||||||At 1|other|expended|2020|
|||||||December|gains/losses|||
|||||||2019|)|||
||||||||f|||
||Restricted funds:|||||||||
||Unrestricted||funds:|||||||
||General funds|||||14,630|27,118|(13,329)|28,419|
||Revaluation||Reserves:|||||||
||Total funds|||||14,630|27,118|(13,329)|28,419|
##
|15|Analysis of|net assets between
funds||||
|---|---|---|---|---|---|
|||||Unrestricted||
||||||Total|
|||||funds||
|||||f|f|
||Fixed assets|||3,200|3,200|
||Net current|assets||25,269|25,269|
||Creditors due in more than one year and
provisions|||(50)|(50)|
|||||28,419|28,419|
|16|Reconciliation ofnet debt|||||
||||At 1||At 30|
||||December||November|
||||2019|Cash flows|2020|
||||f|f|f|
||Cash and cash equivalents||17,105|10,589|27,694|
||||17,105|10,589|27,694|
||Net debt||17,105|10,589|27,694|
|17|Related party disclosures|||||
||Controlling|party||||
##
##
||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
||||||funds|Total funds|Total funds|
||||||2020|2020|2019|
||||||f|f|f|
|Income and endowments|||from:|||||
|Donations
and legacies||||||||
|Honourarium|||||21,786|21,786|27,494|
|Event|||||3,332|3,332|5,385|
||||||25,118|25,118|32,879|
|Other||||||||
|Grant|||||2,000|2,000||
||||||2,000|2,000||
|Total income and endowments|||||27,118|27,118|32,879|
|Expenditure
on:||||||||
|Costs ofgenerating|donations|||and||||
|legacies||||||||
|Honourarium|||||100|100|100|
|Event|||||||246|
|Instrumentalists|||||400|400|1,240|
||||||500|500|1,586|
|Costs of other trading||activities||||||
|RCCG WEM|||||360|360|1,174|
||||||360|360|1,174|
|Total ofexpenditure||on|raising||860|860|2,760|
|funds||||||||
|Charitable
activities||||||||
|Loca I projects|||||310|310|206|
|Books|||||75|75|100|
|Central Office Fund|||||250|250|450|
||||||635|635|756|
|Total ofexpenditure||on|charitable||635|635|756|
|activities||||||||
|Employee costs||||||||
|Staff entertainment|||||571|571|38|
|Staff training|||||||250|
||||||571|571|288|
|Premises costs||||||||
|Rent|||||6,114|6,114|5,034|
|Rates|||||464|464|2,308|
|Premises
repairs|and||||440|440||
|maintenance||||||||
||||||7,018|7,018|7,342|
##
##
|The Redeemed
Christian
Church OF God Royal House
Detailed Statement of Financial Activities
General administrative
costs,|OF Grace|||
|---|---|---|---|
|including
depreciation
and||||
|amortisation||||
|Depreciation
of Fixtures, fittings|800|800||
|and equipment||||
|Bank charges|542|542|651|
|General insurances|392|392|384|
|Software,
ITsupport
and related|973|973||
|costs||||
|Stationery
and printing|218|218|197|
|Telephone,
fax and broadband|470|470|417|
||3,395|3,395|1,649|
|Legal and professional
costs||||
|Accountancy
and bookkeeping|850|850|1,400|
||850|850|1,400|
|Total ofexpenditure
ofother costs|11,834|11,834|10,679|
|Total expenditure|13,329|13,329|14,195|
|Net gains on investments||||
|Net income|13,789|13,789|18,684|
|Net income before other
gains/(losses)|13,789|13,789|18,684|
|Other Gains||||
|Net movement
in funds|13,789|13,789|18,684|
|Reconciliation offunds:||||
|Total funds brought forward|14,630|14,630|(4,054)|
|Total funds carried forward|28,419|28,419|14,630|