| Page | ||
|---|---|---|
| Trustees' annual report | ||
| Independent | examiner's report to the trustees |
|
| Statement of | financial activities | |
| Statement of | financial position | |
| Statement of | cash flows | |
| Notes to the | financial statements | 8-15 |
| The trustees | ||||
|---|---|---|---|---|
| J Brooks | ||||
| A Wells | ||||
| SJack | ||||
| A Jack | (Resigned | 31March 2021) | ||
| G Robbins | (Appointed | 4January 2021) | ||
| Independent | examiner | RDCoton | ||
| Lifford Hall | ||||
| Lifford Lane | ||||
| Kings Norton | ||||
| Birmingham | ||||
| B303JN |
| YEA | R E | NDE | D 31DECE | MBER 2021 | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| Note | 6 | |||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 178,658 | 178,658 | 202309 | ||
| Other - donation ofassets from | ||||||
| Welcome Hall Evangelical Church | 5 | 142,449 | 142,449 | |||
| Total income | 321,107 | 321,107 | 973,357 | |||
| Expenditure | ||||||
| Expenditure on charitable activities |
6,7 | 176,451 | 12,640 | 189,091 | 154,830 | |
| Total expenditure | 176,451 | 12,640 | 189,091 | 154,830 | ||
| Net income and net movement | in | |||||
| funds | 144,656 | (12,640) | 132,016 | 818,527 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward | 377,186 | 556,160 | 933~6 | 114,819 | ||
| Total funds carried forward | 521,842 | 543420 | 1,065362 | 933346 |
| 2020 | |||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible fixed assets | 13 | 1W3~ | 819,694 | ||
| Current assets | |||||
| Debtors | 14 | 194 | 20,716 | ||
| Cash atbank and in hand | 80594 | 96,143 | |||
| 116,859 | |||||
| Creditors: amounts falling due | |||||
| within one year | 15 | 15+56 | 3,207 | ||
| Net current assets | 113,652 | ||||
| Total assets less current liabilities | 1,148,600 | 933,346 | |||
| Creditors: amounts falling due | |||||
| after more than one year | 16 | ||||
| 1~~2 | |||||
| Funds ofthe charity | |||||
| Restricted funds Unrestricted funds |
543520 521~ |
556,160 377,186 |
|||
| Total charity funds | 18 | 1~~2 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Cash flows from operating | activities | |||
| Net income | 132,016 | 818,527 | ||
| Adjustments for: |
||||
| Depreciation oftangible fixed assets | 31,168 | 17,546 | ||
| Interest payable and similar | charges | 2,146 | (186) | |
| Accrued expenses | 950 | |||
| Donation ofassets into the | CIO on 15July | 2020 | (770,849) | |
| Donation ofassets into the | CIO on 16March 2021 | (271,235) | ||
| Changes in: | ||||
| Trade and other debtors | 20,522 | (17,002) | ||
| Trade and other creditors | 66 | 179 | ||
| Cash generated from operations |
(85,317) | 49,165 | ||
| Interest paid | (2,146) | 186 | ||
| Net cash (used in)/from operating activities |
(87,463) | 49,351 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets | (23,607) | (3,573) | ||
| Net cash used in investing | activities | (23,607) | (3373) | |
| Cash flows from financing | activities | |||
| Proceeds from borrowings | 95521 | |||
| Net cash from financing activities |
95521 | |||
| Net (decrease)fincrease in |
cash and cash | equivalents | (15849) | 45,778 |
| Cash and cash equivalents | at beginning | ofyear | 96,143 | 50365 |
| Cash and cash equivalents | at end ofyear | 80,594 | 96,143 |
| residual value, over the u | seful economic life of that ass |
|---|---|
| Freehold property | 2% straight line |
| Motor vehicles | 33%straight line |
| Equipment | 10%reducing balance |
| Donations and Legacies |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| f | 6 | E | ||
| Donations | ||||
| Donations | 149,694 | 149,694 | 171,256 | 171,256 |
| Gifts | ||||
| Gifts Aid Claims | 28,964 | 31,253 | 31,253 | |
| 178,658 | 178,658 | 202,509 | 202,509 |
| Other - Don | ation | of | Asse | ts | from Welcome Hall | Evangelical Church |
||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| E | E | 6 | ||||||
| Transferred | into | the | CIO | on | 15July 2020 | |||
| Transferred | into | the | CIO | on | 16March 2021 | 142,449 | 142,449 | |
| 142,449 | 142,449 | |||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2020 | ||||||
| Transferred | into | the | CIO | on | 15July 2020 | 209,888 | 560,960 | 770,848 |
| Transferred | into | the | CIO | on | 16March 2021 | |||
| 209,888 | 560,960 |
| Expenditure on Charitable Activities by F |
und Type | ||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| Faith teaching (inc. depreciation) | 93349 | 12,640 | 105,989 |
| Holiday and outings | 41 | 41 | |
| Support costs | 83,061 | 83,061 | |
| 176,451 | 12,640 | 189,091 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| E | |||
| Faith teaching (inc. depreciation) | 79W3 | 4,800 | 84,643 |
| Holiday and outings | 405 | 405 | |
| Support costs | 69,782 | 69,782 | |
| 150,030 | 154,830 |
| Expenditure | on Charitable Activi |
ties by Activity | Type | ||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2021 | 2020 | ||
| 6 | |||||
| Faith teaching (inc. depreciation) | 105,989 | 74,475 | 180,464 | 149,168 | |
| Holiday and | outings | 41 | 41 | 405 | |
| Governance | costs | 8,586 | 8386 | 5,257 | |
| 106,030 | 83,061 | 189,091 | 154,830 |
| Analysis of | Support C | osts | |||
|---|---|---|---|---|---|
| Analysis of | |||||
| support | |||||
| costs | Total 2021 | Total 2020 | |||
| 6 | E | ||||
| Staff costs | 72,113 | 72,113 | 64,279 | ||
| Finance costs | 2,146 | 2,146 | (186) | ||
| Governance | costs | 8387 | 8387 | 5,257 | |
| Legal and professional | costs | 216 | 216 | 432 | |
| tt3,062 | 83,062 | 69,782 |
| 9. | Net Income | |||||
|---|---|---|---|---|---|---|
| Net income | is stated after | charging/(crediting): | ||||
| 2021 | 2020 | |||||
| 6 | ||||||
| Depreciation | oftangible fixed assets | 31,168 | 17,546 | |||
| 10. | Independent | Examination | Fees | |||
| 2021 | 2020 | |||||
| 6 | ||||||
| Fees payable | to the independent | examiner for; | ||||
| Independent | examination | ofthe | financial statements | 2,900 | 2,900 |
| Tangible Fi | xed Assets | ||||
|---|---|---|---|---|---|
| Land and | Motor | ||||
| buildings | vehicles | Equipment | Total | ||
| 6 | 6 | E | |||
| Cost | |||||
| At 1January | 2021 | 855,442 | 29,075 | 81336 | 965,853 |
| Additions | 23,607 | 23,607 | |||
| Disposals | (14,700) | (14,700) | |||
| Transferred | into the CIO on 16 | ||||
| March 2021 | 308,222 | 308,222 | |||
| At 31December 2021 | 1,163,664 | 14375 | 104,943 | 1,282,982 | |
| Depreciation | |||||
| At 1January | 2021 | 91,091 | 29,075 | 25,993 | 146,159 |
| Charge for the year | 23,273 | 7,895 | 31,168 | ||
| Disposals | (14,700) | (14,700) | |||
| Transferred | into the CIO on 16 | ||||
| March 2021 | 36,987 | 36,987 | |||
| At 31December 2021 | 151,351 | 14,375 | 33,888 | 199,614 | |
| Carrying amount | |||||
| At 31December 2021 | 1,012,313 | 71,055 | 1,083368 | ||
| At 31December 2020 | 764351 | 55,343 | 819,694 |
| 14. | Debtors | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Other debtors | 194 | 20,716 | ||
| 15. | Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | |||
| E | ||||
| Bank loans and overdrafts | 12,283 | |||
| Accruals and deferred income | 1,950 | 1,950 | ||
| Social security and | other taxes | 1,165 | 1,257 | |
| Other creditors | 158 | |||
| 15356 | 3,207 |
| Credi | tors: | amou | nts falling due after more tha |
n one year | |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Bank | loans | and | overdrafts | 83,238 |
| Unrestricted funds |
||||
|---|---|---|---|---|
| At | At | |||
| 1Jan 2021 | Income | Expenditure | 31Dec 2021 | |
| E | E | f. | ||
| General funds | 377,186 | 321,107 | (176,451) | 521,842 |
| At | At | |||
| 1Jan 2020 | Income | Expenditure | 31Dec 2020 | |
| E | E | E | E | |
| General funds | 114,819 | 412397 | (150,030) | 377,186 |
| Restricted funds | ||||
| At | At | |||
| 1Jan 2021 | Income | Expenditure | 31Dec 2021 | |
| E | ||||
| Restricted Funds | 556,160 | (12,640) | 543320 | |
| At | At | |||
| 1Jan 2020 | Income | Expenditure | 31Dec 2020 | |
| E | ||||
| Restricted Funds | 560,960 | (4,800) | 556,160 |
| Analysis of Net Assets Between Funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| Tangible fixed assets | 539,848 | 543,520 | 1,083,368 |
| Current assets | 80,788 | 80,788 | |
| Creditors less than 1year | (15,556) | (15,556) | |
| Creditors greater than 1year | (83,238) | (83,238) | |
| Net assets | 521,842 | 543,520 | 1,065,362 |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| E | E | ||
| Tangible fixed assets | 263334 | 556,160 | 819,694 |
| Current assets | 116,859 | 116,859 | |
| Creditors less than 1year | (3,207) | (3,207) | |
| Creditors greater than 1year | |||
| Net assets | 377,186 | 556,160 | 933,346 |
| The carrying amount for e | ach category offinanc | ial instrument | is as follows: | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Financial assets measured | at fair value through | income and | expenditure | |
| Financial assets measured | at fair value through | income and | ||
| expenditure | 80594 | 96,143 |
| At | At | |||
|---|---|---|---|---|
| 1Jan 2021 | Cash flows | 31Dec 2021 | ||
| 6 | E | |||
| Cash | at bank and in hand | 96,143 | (15,549) | 80394 |
| Debt | due within one year | (12,283) | (12,283) | |
| Debt | due after one year | (83,238) | (83,238) | |
| 96,143 | (111,070) | (14,927) |