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||||||2020||2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|||||
|Income||||||||
|Donations
and Legacies||||281,401|949,616|1,231,017|129,625|
|Income from Charitable|Activities|||||||
|Events Income|||||||2,358|
|Total Income||||281,401|949,616|1,231,017|131,983|
|~Ex enditure||||||||
|Expenditure
on Charitable||Activities||||||
|Operation ofRedeemer||Church||90,427|9,526|99,953|40,093|
|and delivery ofMission||Costs||||||
|Events Expenditure||||1,919||1,919|3,481|
|Total Expenditure||||92,346|9,526|101,872|43,574|
|Net Income (expenses)|and|||||||
|net movement
in funds|for the year|||189,055|940,090|1,129,145|88,409|
|Transfer between
funds||||||||
|Fund balance brought|forward|||||||
|at I January 2020||||26,937|61,472|88,409||
|Total funds carried forward||||||||
|at 31December 2020||||215,992|1,001,562|1,217,554|88,409|
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||||Note|2020|2019|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Tangible Assets||||578,296|1,000|
|Current
Assets||||||
|Cash at Bank||and in Hand||650,278|84,791|
|Debtors||||51,754|13606|
|||||702,032|98,397|
|Current
Liabilities||||||
|Creditors
due||within one year||(62,774)|(10,988)|
|Net Current|Assets|||639,258|87,409|
|Net Assets||||1,217,554|88,409|
|The Funds of||the Charit||||
|Unrestricted|-|General||85,867|26,937|
|||Designated||130,125||
|Restricted||||1,001,562|61,472|
|Total Charit||Funds||1,217,554|88,409|
##
||||Notes|2020|
|---|---|---|---|---|
|Net Cash from Operating|Activities|||1,144,741|
|Capital Expenditure
and Financial Instruments,||purchase of|||
|Tangible Fixed Assets||||(579,254)|
|Net Cash Inflow (Outflow)||||565,487|
|Increase (Decrease) in cash|in the year|||565,487|
|Net Cash Resources at 31|December 2020|||650,278|
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|2. Donations,
Gifts and|Legacies|(Unrestricted)|(Unrestricted)||2020|2019|
|---|---|---|---|---|---|---|
|General Giving and Gift Aid Recoverable|||||281,401|68,153|
||||||281,401|68,153|
|Donations,
Gifts and|Legacies (Restricted)||||||
|Building Fund and Gift Aid Recoverable|||||227,593|55,635|
|Christmas
Appeal
and|Gift Aid Recoverable||||19,409|5,837|
|Building
fund transferred
from Cornerstone|||Church||702,614||
||||||949,616|61,472|
|Total Donations|||||1,231,017|129,625|
|3. Total Salaries 4Staff Summary|||||2020|2019|
|Salaries|||||38,861|18,307|
|Employer's
NI|||||5,806|2,593|
|Pension|||||2,306|792|
|Expenses|||||769|115|
||||||47,742|21,807|
|The allocation ofsalaries|is made on|a time spent basis.|||||
|Average Weekly Number|ofEmployees,
calculated|||as full time equivalents|||
|Pastoral Staff|||||||
|(No employee
received remuneration||ofmore than K60,000)|||||
|The number ofemployees|to whom retirement||benefits|were accruing was as follows:|||
|Defined Contributions
Scheme|||||||
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||||2020|2019|
|---|---|---|---|---|
|Peter|Brown|Remuneration|44,667|20,900|
|||Pension|2,306|792|
|||Expenses|769|115|
||||47,742|21,807|
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|5. Expenditure
on Ch|aritable||Activities||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2020||2019||
|||||Unrestricted|||Restricted|Total|Total||
|5.1 ~Core Minietr|||||||||||
|Salaries (Note 3)||||47,742||||47,742|21,807||
|Overseas Missions||||7,200||||7,200|2,400||
|Equipment||||||935||935||848|
|Building Running|Costs|||14,172||||14,172|9,616||
|ITSubscriptions||||||||||298|
|Stationery,
Printing|and admin costs|||1,348||||1,348|1,231||
|Miscellaneous
Costs||||||667||667||78|
|Website and computer costs||||4,343||||4,343||302|
|Reireshments||||||25||25||104|
|Media Costs||||||378||378||458|
|Ministry
Costs and|training|||1,525||||1,525|1,247||
|Insurance||||6,390||||6,390||379|
|Redeemer Kids||||||748||748||125|
|Independent
Exainination||fee||2,400||||2,400|1,200||
|Bank charges||||||22||22|||
|Advertising
costs|||||574|||574|||
|Depreciation||||1,958||||1,958|||
|Donations|||||||9,526|9,526|||
|||||90,427|||9,526|99953|40|093|
|5.2 Events Ex enditure|||||||||||
|Catering||||||||||152|
|Evangelistic
Events||||1,919||||1,919|3|329|
|||||1,919||||1,919|3,481||
|0 eratin
Profit/ Loss|||||||||||
|The operating
profit/(loss)|is stated||after charging:-||||||||
|||||||||2020|2019||
|Independent
Examination|||Fee|||||2,400|1,200||
|For other services||||||||168||400|
|6.Tangible Asset and Depreciation||||Cost of|||Cost of|Equipment|Total||
|||||Property|||Property||||
||||||||Development||||
|Cost at 31.12.2019|||||||1,000|||1,000|
|Additions
during
the year||||425,000|||144,464|9,790|579,254||
|Balance at end ofyear||||425,000|||145,464|9,790|580,254||
|~De recietion|||||||||||
|Depreciation
during
the year||||||||1,958||1,958|
|Balance at end ofyear||||||||1,958||1,958|
|Net Book Value (NBV)||||425,000|||145,464|7,832|578,296||
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|||||||||
|---|---|---|---|---|---|---|---|
|7. Analysis o|Net Assets between|funds - 2020|||||Total|
||||||General|Restricted|Funds|
||||||Funds|Funds|2020|
|Fixed Assets|||||7,832|570,464|578,296|
|Current Assets|||||214,066|487,966|702,032|
|Current Liabilities|||||(5,906)|(56,868)|(62,774)|
|Long Term Liabilities||||||||
|Net Assets at 31.12,20|||||215,992|1,001,562|1,217,554|
|Analysis of|Net Assets between|funds - 2019|||||Total|
||||||General|Restricted|Funds|
||||||Funds|Funds|2019|
|Fixed Assets|||||1,000||1,000|
|Current Assets|||||36,925|61,472|98,397|
|Current Liabilities|||||(10,988)||(10,988)|
|Long Term Liabilities||||||||
|Net Assets at 31.12.19|||||26,937|61,472|88,409|
|8.Restricted|Funds - 2020||||||Balance at|
|||Balance at|||||31December|
|||31.12.19|Income||Expenditure|Transfer|2020|
|Building
Fund||55,635|930,207||||985,842|
|Christmas
Appeal||5,837||19,409|9,526||15,720|
|||61,472|949,616||(9,526||1,001,562|
|Restricted Funds —2019|||||||Balance at|
||||||||31December|
|||Balance at Start||Income||Expenditure|2019|
|Building Fund|||||55,635||55,635|
|Christmas
Appeal|||||5,837||5,837|
||||||61,472||61,472|
|Use ofFunds||||||||
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||||2020|
|---|---|---|---|
|Net Incoming|Resources||1,129,145|
|Adjustments:-||||
|Depreciation|Charges||1,958|
|(Increase)/ Decrease||in Debtors|(38,148)|
|Increase/(Decrease)||in Creditors|51,786|
||||1,144,741|