COMPANY REGISTRATION NUMBER: 10879859 CHARITY REGISTRATION NUMBER: 1185946
Central Revival Company Limited by Guarantee Unaudited Financial Statements
31 January 2021
YEVS & CO
Chartered Certified Accountants Yevs House 130 Cape Hill Smethwick B66 4PH
Central Revival
Company Limited by Guarantee
Financial Statements
Year ended 31 January 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 2 |
| Statement of financial activities (including income and | |
| expenditure account) | 3 |
| Statement of financial position | 4 |
| Statement of cash flows | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
| Notes to the detailed statement of financial activities | 17 |
Central Revival
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2021.
Reference and administrative details
Registered charity name Central Revival Charity registration number 1185946 Company registration number 10879859 Principal office and registered 31 Nine Pail Walk office West Bromwich Birmingham B70 6NS
The trustees
Philip Oteng James Nketsiah Cudjoe Assafua Isaac Reverend Wallace Independent examiner Sylvanus Dzotsi Yevs House 130 Cape Hill Smethwick B66 4PH
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Oteng Trustee
1
Central Revival
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Central Revival
Year ended 31 January 2021
I report to the trustees on my examination of the financial statements of Central Revival ('the charity') for the year ended 31 January 2021.
Responsibilities and basis of report
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sylvanus Dzotsi Independent Examiner
Yevs House 130 Cape Hill Smethwick B66 4PH
2
Central Revival
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 January 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 25,999 | – | 25,999 | 25,888 |
| Charitable activities | 6 | – | – | – | 3,930 |
| Other trading activities | 7 | – | – | – | 343 |
| Other income | 8 | 256 | – | 256 | – |
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | ||
| Total income | 26,255 | – | 26,255 | 30,161 | |
| ============================ | ============== | ============================ | ============================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 9,10 | 29,922 | – | 29,922 | 20,484 |
| Other expenditure | 11 | 1,953 | – | 1,953 | – |
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 31,875 | – | 31,875 | 20,484 | |
| ============================ | ============== | ============================ | ============================ | ||
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | ||
| Net (expenditure)/income and net | |||||
| movement in funds | (5,620) | – | (5,620) | 9,677 | |
| ============================ | ============== | ============================ | ============================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 17,652 | 891 | 18,543 | 8,866 | |
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | 12,032 | 891 | 12,923 | 18,543 | |
| ============================ | ============== | ============================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 13 form part of these financial statements.
3
Central Revival
Company Limited by Guarantee
Statement of Financial Position
31 January 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 3,480 | 5,220 |
| Current assets | |||
| Debtors | 16 | 6,746 | 6,746 |
| Cash at bank and in hand | 5,399 | 8,779 | |
| ---------------------------- | ---------------------------- | ||
| 12,145 | 15,525 | ||
| Creditors: amounts falling due within one year | 17 | 2,702 | 2,202 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 9,443 | 13,323 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 12,923 | 18,543 | |
| ---------------------------- | ---------------------------- | ||
| Net assets | 12,923 | 18,543 | |
| ============================ | ============================ | ||
| Funds of the charity | |||
| Restricted funds | 891 | 391 | |
| Unrestricted funds | 12,032 | 18,152 | |
| ---------------------------- | ---------------------------- | ||
| Total charity funds | 18 | 12,923 | 18,543 |
| ============================ | ============================ |
For the year ending 31 January 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 30 November 2020, and are signed on behalf of the board by:
Oteng Trustee
The notes on pages 6 to 13 form part of these financial statements.
4
Central Revival
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 January 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net (expenditure)/income | (5,620) | 9,677 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 1,740 | 1,260 |
| Interest payable and similar charges | 360 | 845 |
| Loss on disposal of heritage assets | 65 | – |
| Accrued expenses/(income) | 500 | (500) |
| Changes in: | ||
| Trade and other debtors | – | (6,746) |
| Trade and other creditors | – | 2,202 |
| ----------------------- | ----------------------- | |
| Cash generated from operations | (2,955) | 6,738 |
| Interest paid | (360) | (845) |
| ----------------------- | ----------------------- | |
| Net cash (used in)/from operating activities | (3,315) | 5,893 |
| ======================= | ======================= | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | – | (6,960) |
| Proceeds from sale of heritage assets | (65) | – |
| ----------------------- | ----------------------- | |
| Net cash used in investing activities | (65) | (6,960) |
| ======================= | ======================= | |
| Net decrease in cash and cash equivalents | (3,380) | (1,067) |
| Cash and cash equivalents at beginning of year | 8,779 | 9,364 |
| ----------------------- | ----------------------- | |
| Cash and cash equivalents at end of year | 5,399 | 8,297 |
| ======================= | ======================= |
The notes on pages 6 to 13 form part of these financial statements.
5
Central Revival
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 January 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 31 Nine Pail Walk, West Bromwich, Birmingham, B70 6NS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
6
Central Revival
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2021
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
7
Central Revival
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2021
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
8
Central Revival
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2021
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Tithes | 19,782 | 19,782 | 15,568 | 15,568 |
| Offerings | 5,727 | 5,727 | 6,841 | 6,841 |
| Thanksgivings | 145 | 145 | 777 | 777 |
| Women Ministry | – | – | 450 | 450 |
| Collections | 310 | 310 | 2,252 | 2,252 |
| Donations type 7 | 35 | 35 | – | – |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 25,999 | 25,999 | 25,888 | 25,888 | |
| ============================ | ============================ | ============================ | ============================ |
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Building Fund | – | – | 3,930 | 3,930 |
| ============== | ============== | ======================= | ======================= |
9
Central Revival
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2021
7. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Other income from other trading | |||||
| activities | – | – | 343 | 343 | |
| ============== | ============== | ============== | ============== | ||
| 8. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Other income | 256 | 256 | – | – | |
| ============== | ============== | ============== | ============== | ||
| 9. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Support costs | 29,922 | – | 29,922 | ||
| ============================ | ============== | ============================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Support costs | 19,984 | 500 | 20,484 | ||
| ============================ | ============== | ============================ | |||
| 10. | Expenditure on charitable activities | by activity type | |||
| Support | Total funds | Total fund | |||
| costs | 2021 | 2020 | |||
| £ | £ | £ | |||
| Governance costs | 29,922 | 29,922 | 20,484 | ||
| ============================ | ============================ | ============================ | |||
| 11. | Other expenditure | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Cleaning expense | 878 | 878 | – | – | |
| Subscription | 205 | 205 | – | – | |
| Social Media & Promotion | 158 | 158 | – | – | |
| Bank commission | 302 | 302 | – | – | |
| Women Ministry | 210 | 210 | – | – | |
| Youth Ministry | 200 | 200 | – | – | |
| ----------------------- | ----------------------- | -------------- | -------------- | ||
| 1,953 | 1,953 | – | – | ||
| ======================= | ======================= | ============== | ============== |
10
Central Revival
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2021
12. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 1,740 | 1,260 |
| Loss on disposal of heritage assets | 65 | – |
| Foreign exchange differences | – | 120 |
| ======================= | ======================= |
13. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Other employee benefits | – | 407 |
| ============== | ============== |
The average head count of employees during the year was Nil (2020: Nil).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
14. Trustee remuneration and expenses
There are no remuneration for Trustee.
15. Tangible fixed assets
| Motor | |||
|---|---|---|---|
| vehicles | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 February 2020 and 31 January 2021 | 5,040 | 1,920 | 6,960 |
| ======================= | ======================= | ======================= | |
| Depreciation | |||
| At 1 February 2020 | 1,260 | 480 | 1,740 |
| Charge for the year | 1,260 | 480 | 1,740 |
| ----------------------- | ----------------------- | ----------------------- | |
| At 31 January 2021 | 2,520 | 960 | 3,480 |
| ======================= | ======================= | ======================= | |
| Carrying amount | |||
| At 31 January 2021 | 2,520 | 960 | 3,480 |
| ======================= | ======================= | ======================= | |
| At 31 January 2020 | 3,780 | 1,440 | 5,220 |
| ======================= | ======================= | ======================= | |
| Debtors | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Prepayments and accrued income | 6,746 | 6,746 | |
| ======================= | ======================= |
16. Debtors
11
Central Revival
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2021
17. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 2,202 | 2,202 |
| Accruals and deferred income | 500 | – |
| ----------------------- | ----------------------- | |
| 2,702 | 2,202 | |
| ======================= | ======================= |
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 February 2 | 31 January 2 | |||
| 020 | Income | Expenditure | 021 | |
| £ | £ | £ | £ | |
| General funds | 9,677 | 26,255 | (31,875) | 4,057 |
| Unrestricted fund 7 - in a/cs | 7,975 | – | – | 7,975 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 17,652 | 26,255 | (31,875) | 12,032 |
|
| ============================ | ============================ | ============================ | ============================ | |
| At | At | |||
| 1 February 2 | 31 January 2 | |||
| 019 | Income | Expenditure | 020 | |
| £ | £ | £ | £ | |
| General funds | – | 30,161 | (19,984) | 10,177 |
| Unrestricted fund 7 - in a/cs | 7,975 | – | – | 7,975 |
| ----------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 7,975 | 30,161 | (19,984) | 18,152 |
|
| ======================= | ============================ | ============================ | ============================ | |
| Restricted funds | ||||
| At | At | |||
| 1 February 2 | 31 January 2 | |||
| 020 | Income | Expenditure | 021 | |
| £ | £ | £ | £ | |
| Bereavement Fund | – | – | – | – |
| Restricted fund 7 - in a/cs | 891 | – | – | 891 |
| -------------- | -------------- | -------------- | -------------- | |
| 891 | – | – | 891 | |
| ============== | ============== | ============== | ============== | |
| At | At | |||
| 1 February 2 | 31 January 2 | |||
| 019 | Income | Expenditure | 020 | |
| £ | £ | £ | £ | |
| Bereavement Fund | – | – | (500) | (500) |
| Restricted fund 7 - in a/cs | 891 | – | – | 891 |
| -------------- | -------------- | -------------- | -------------- | |
| 891 | – | (500) | 391 |
|
| ============== | ============== | ============== | ============== |
12
Central Revival
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2021
19. Analysis of changes in net debt
| At | At | |||
|---|---|---|---|---|
| 1 | Feb 2020 | Cash flows | 31 Jan 2021 | |
| £ | £ | £ | ||
| Cash at bank and in hand | 8,779 | (3,380) | 5,399 |
|
| ======================= | ======================= | ======================= |
13
Central Revival
Company Limited by Guarantee
Management Information
Year ended 31 January 2021
The following pages do not form part of the financial statements.
14
Central Revival
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 January 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Tithes | 19,782 | 15,568 |
| Offerings | 5,727 | 6,841 |
| Thanksgivings | 145 | 777 |
| Women Ministry | – | 450 |
| Collections | 310 | 2,252 |
| Donations type | 35 | – |
| ---------------------------- | ---------------------------- | |
| 25,999 | 25,888 | |
| ---------------------------- | ---------------------------- | |
| Charitable activities | ||
| Building Fund | – | 3,930 |
| -------------- | ----------------------- | |
| Other trading activities | ||
| Other income from other trading activities | – | 343 |
| -------------- | -------------- | |
| Other income | ||
| Other income | 256 | – |
| -------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Total income | 26,255 | 30,161 |
| ============================ | ============================ |
15
Central Revival
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 January 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Other post-retirement benefits | – | 407 |
| Rent | 16,459 | 6,086 |
| Light and heat | 1,973 | – |
| Repairs and maintenance | 2,440 | – |
| Insurance | 350 | 2,395 |
| Motor vehicle expenses | 2,150 | 2,453 |
| Vehicle leasing/hire | 244 | 2,220 |
| Other motor/travel costs | – | 768 |
| Legal and professional fees | 713 | 300 |
| Telephone | 1,063 | 827 |
| Other office costs | 239 | – |
| Depreciation | 1,740 | 1,740 |
| Other interest payable and similar charges | – | 151 |
| Foreign exchange gain/loss | – | 120 |
| Finance costs - defined benefit pension scheme | 360 | 694 |
| Catering expenses | 65 | – |
| Conference fees | – | 179 |
| Bereavement expenses | – | 500 |
| Visiting speakers | 595 | – |
| Donations | 1,531 | 1,644 |
| ---------------------------- | ---------------------------- | |
| 29,922 | 20,484 | |
| ---------------------------- | ---------------------------- | |
| Other expenditure | ||
| Cleaning expense | 878 | – |
| Subscription | 205 | – |
| Social Media & Promotion | 158 | – |
| Bank commission | 302 | – |
| Women Ministry | 210 | – |
| Youth Ministry | 200 | – |
| ----------------------- | -------------- | |
| 1,953 | – | |
| ----------------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 31,875 | 20,484 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net (expenditure)/income | (5,620) | 9,677 |
| ============================ | ============================ |
16
Central Revival
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 January 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Governance costs | ||
| Governance costs - Refreshments | – | 407 |
| Rent | 16,459 | 6,086 |
| light & heat | 1,973 | – |
| repairs & maintenance | 2,440 | – |
| Governance costs - insurance | 350 | 2,395 |
| motor vehicle expenses | 2,150 | 2,453 |
| General Expenses | 244 | 2,220 |
| Governance costs - other motor/travel costs | – | 768 |
| Governance costs - accountancy fees | 500 | 300 |
| legal and other professional fees | 13 | – |
| Training | 200 | – |
| telephone | 1,063 | 827 |
| Printing,Postage & Stationery | 239 | – |
| depreciation | 1,740 | 1,740 |
| Governance costs - other finance costs | – | 151 |
| Sunday School Club | – | 120 |
| Evangelism | 360 | 694 |
| - Catering Expenses | 65 | – |
| Conference Fees | – | 179 |
| Bereavement expenses | – | 500 |
| Visiting Speakers | 595 | – |
| Donations | 1,531 | 1,644 |
| ---------------------------- | ---------------------------- | |
| 29,922 | 20,484 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 29,922 | 20,484 |
| ============================ | ============================ |
17