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|---|---|---|---|
|Charity information|||1|
|Trustees
report|||2|
|Independent
auditors'|report||7|
|Statement offinancial|activities||10|
|Statement
offinancial|position||11|
|Cash flow statement|||12|
|Notes to the accounts|||13|
|Detailed statement
of|financial|activities|17|
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|||Mr. Garfield
Allen|||
|---|---|---|---|---|
|||Mrs. Juliette
Harding|||
||Vice Chair|Mrs. Tamara
King-Makinwa|||
|General|Secretary|Rev. Beverley Jennifer Russell-Burke,||B
Ed Hone|
|||The Rt. Rev. Delroy Powell|||
|||Rev. Nezlin Jemima
Sterling,|BA Hone||
|||Rev. Nathan
Lewis-Gordon|||
|||Rev. Deborah Wilson|||
|||Miss Melanic Kennedy|||
|||Rev. Dominic Lewis-Gordon|||
|||Miss ionic Townend|||
|||Rev. Ope Alabi|||
|||Rev. Denise Peters|||
|||Miss Jackie Cooke|||
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|for the year ended|31 March 2021||||
|---|---|---|---|---|
|||||As restated|
|||Notes|2021|2020|
||||F|F|
|Income|(see page 17)||||
|Tithes and offerings|||472,191|648,406|
|Fund raising and gift|aid||87,093|116,312|
|Donations
and other|contributions||36,051|60,279|
|Interest receivable|||2,219|3,102|
|Rents|||89,982|103,227|
|Sundry|||49,488|84,799|
|Profit on sale offixed|assets||5,999||
||||743,023|1,016,125|
|Expenditure|(see page 17)||||
|Charitable
activities|||572,440|781,636|
|Raising funds|||150,102|151,599|
|Other|||93,669|106,997|
|Assembly
leaving the|Charity - South Croydon|||8,468|
|Total expenditure|||816,211|1,048,700|
|Net income/(expenditure)|||(73,188)|(32,575)|
|Total funds brought|forward||1,954,447|1,987,022|
|Total funds carried|forward|13|1,881,259|1,954,447|
##
|as at 31 March 20|21|||||As restated|
|---|---|---|---|---|---|---|
|||Notes||2021||2020|
|||||F||6|
|Fixed assets|||||||
|Tangible assets||||9,236,783||9,314,927|
|Current assets|||||||
|Debtors||7|105,296||99,475||
|Short term deposits|||830,619||840,286||
|Cash at bank and in hand|||250,730||190,956||
||||1,186,645||1,130,717||
|Creditors: amounts|falling due||||||
|within one year||8|(135,648)||(81,612)||
|Net current assets||||1,050,997||1,049,105|
|Total assets less current|||||||
|liabilities||||10,287,780||10,364,032|
|Creditors: amounts|falling due||||||
|after more than one|year|9||(1,562,673)||(1,565,737)|
|Net assets||||8,725,107||8,798,295|
|Capital and reserves|||||||
|Revaluation
reserve||11||6,783,265||6,783,265|
|Restricted funds||12||60,583||60,583|
|Unrestricted
funds||13||1,881,259||1,954,447|
|Total charity funds||||8,725, 107||8,798,295|
##
||||2021||2020|
|---|---|---|---|---|---|
|Cashflow from operating||activities||||
|Net income/(expenditure)||for the reporting|period|||
|Net income|||(73,188)||(32,575)|
|Adjustments
for||||||
|Depreciation|||124,318||127,165|
|Interest payable|||59,683||66,462|
|(Increase)/decrease|in debtors||(5,821)||(44,692)|
|(Decrease)
in creditors|||6,883||(37,967)|
||||111,875||78,393|
|Cashf low from investing||activities||||
|Sale ofTangible
fixed assets
Purchase ofTangible fixed assets|||6,000
~52,124||31,903|
||||46,174||31,903|
|Cashflow from financing||activities||||
|Repayment
ofloans|net ofadvances||(15,594)||102,317|
|Net (decrease)/increase||in cash|50,107||(55,827)|
|Cash at bank and deposits||at 1 April|1,031,242||1,087,069|
|Cash at bank and deposits||at 31 March|1,081,349||1,031,242|
|Consisting
of||||||
|Cash at bank and in|hand||250,730||190,956|
|Short term deposits|||830,619||840,286|
||||1,081,349||1,031,242|
|Analysis ofchanges|in net funds/(debt)|||||
|Net cash|||At 31/3/2020|Caehflow|At 31/3/2021|
|Cash at bank and in|hand||190,956|59,774|250,730|
|Short term deposits|||840,286|(9,667)|830,619|
||||1,031,242|50,107|1,081,349|
|Debt||||||
|Loans due within one year|||(36,855)|(20,542)|(57,397)|
|Loans after more than one year|||(1,444,448)|(23,547)|(1,467,995)|
||||1,481,303|44,089|1,525,392|
|Total|||(450,061)|6,018|(444,043)|
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|Staff Costs||2021|2020|
|---|---|---|---|
|||E|E|
|Salaries end wages||104,507|111,765|
|Sodsl Security costs||37,248|24,406|
|||141,755|136,171|
|Average no. of employees||||
|No employee
received more than E60,000 in either|2021 or 2020.|||
|Audit &other services||2021|2020|
|||F.||
|Audit Fees||4,800|4,800|
|||4,800|4,800|
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|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|
||Freehold|Fixtures|and||Computer||
||propert)r|equipment||Motor vehicles|Equipment|Total|
||F.||E|F.||E|
|Cost|||||||
|At 1 April 2020|9,580,308|425,113||29,400|88,445|10,123,266|
|Additions|||45,356||6,818|52,174|
|Disposals||||(22,000)||(22,000)|
|At 31 March 2021|9,580,308|470,469||7,400|95,263|10,153,440|
|Depreciation|||||||
|At 1 April 2020|345,950|355,676||26,624|80,089|808,339|
|Charge for the year|95,740||28,076|1,850|4,651|130,317|
|On dlsposals||||(21,999)||(2to999)|
|At 31 March 2021|441,690|383,752||6,475|84,740|916,657|
|Net book value|||||||
|At 31 March 2021|9,138,618||86,717|925|10,523|9,236,783|
|At 31 March 2020|9,234,358||69,437|2,776|8,356|9,314,927|
##
|7|Debtors||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
||Gift aid due||||||||62,498|45,387|
||Prepaymsnts|and accrued income|||||||7,029|19,429|
||Other debtors||||||||35,769|34,659|
||||||||||105,296|99,475|
|8|Creditors: amounts|||falling due within one year|||||2021|2020|
||Bank loans and||overdrafts||||||57,397|36,855|
||Trade creditors||||||||43,729|2,546|
||Other creditors||||||||34,522|42,211|
||||||||||135,648|81,612|
|9|Creditors; amounts|||fafflng due after one||year|||2021|2020|
||Bank loans||||||||1,467,995|1,444,448|
||Due to Related||Charity||||||94,678|121,289|
||||||||||1,562,673|1,565,737|
||The Bank loans||ars secured on the freehold|||propenies|of the Charity|and a Life Insurance|policy.||
||Interest is charged on||||the loans at between|1.7%end|3.5%over LIBOR.||||
||Bank loans repayable||||over one year are as|follows:|||||
||||||||||2021|2020|
||||||||||E|E|
||2-5years||||||||242,415|163,465|
||Over 5years||||||||1,225,580|1,280,963|
||||||||||1,467,995|1,444,448|
##
||Barking||Baling|||Tcotlrig||
|---|---|---|---|---|---|---|---|
||Clap
ham||Leyton|||Tottenhem||
||Dspfford||Nottlnghem|||Wargngham||
||Dulwich||Thornton|Heath||||
|11|Revaluation|reserve|||2021||2020|
||||||E|||
||At 1 Aprg 2020||||6,783,265||6,783,265|
||At 31 March|2021|||6,783,265||6,783,265|
##
|12|Restricted funds|Restricted funds|2021|2020|
|---|---|---|---|---|
||||E|E|
||At 1 April 2020||60,583|60,583|
||At 31 March|2021|60,583|60,583|
|13|Unrestricted|funds|2021|2020|
||||E||
||At 1 Apnl 2020||2,056,587|2,114,162|
||Prior year adjustment||(102,140)|(127,140)|
||As restated||1,954,447|1,987,022|
||Net movement|in fund|(73,188)|(32,575)|
||At 31 March|2021|1,881,259|1,954,447|
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|for the year ended 3||1 March 2021|||
|---|---|---|---|---|
||||Unrestricted|Unresticted|
||||Funds|Funds|
||||2021|2020|
|Tithes and offering|||472,191|648,406|
|Funderaising
and gift aid|||87,093|116,312|
|Donations
and other contributions|||36,051|60,279|
|Interest receivable|||2,219|3,102|
|Charitable
activities-Rents|||89,982|103,227|
|Charitable
activities-Sundry|||49,488|84,799|
|Profit on sale offixed assets|||5,999||
||||743,023|1,016,125|
|Resources expended|||||
|Charitable
expenditure|||||
|Salaries and allowances|||141,755|136,171|
|Travel and activities|||4,456|36,507|
|Premises costs|||132,738|204,641|
|Running
costs|||133,829|193,249|
|Gifts and donations|||41,429|52,989|
|Catering|||8,262|36,819|
|Church and social costs|||99,278|100,476|
|Publicity and fundraising|||1,004|1,214|
|Training
and volunteers||expenses|9,689|19,570|
||||572,440|781,636|
|Costs of raising funds|||||
|Depreciation|||130,317|127,165|
|Other expenses|||4,623|7,264|
|Accountancy|||10,362|12,370|
|Audit fees|||4,800|4,800|
||||150,102|151,599|
|Administrative
expenses|||||
|Legal and professional|costs||31,271|35,303|
|Bank charges|||2,715|5,232|
|Interest on loan|||59,683|66,462|
||||93,669|106,997|
|Other items|||||
|Assembly
leaving: South||Croydon||8,468|
|||||8,468|
||||816,211|1,048,700|