Charity number 274922 THE CHURCH OF THE LORD ALADURA UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020
CONTEKrs CHARITY INFOFIMATION................ . .. . TRUSTEES REPORT....................................... ... ACCOUNTANfs REPORT................. ................ INCOME & EXPENDITURE ACCOUNT.... . BALANCE SHEET............................ .. .. .. NOTES TO ACOUNTS.................... . ...
ORGANISATION INFORMATION WothrKJ Name: THE CHURCH OF THE LORD ALADURA G)vemirKJ Dc(u. DECLARATION OF TRU DATED 12Th DEMBER 1977 AND SJEME OF THE 13 WiCII 1978 Telethne . 0207 703 4890 TRusfEES I MANAGEM CCmrrrEE MEMBERS DR. RUFUS OKIKIOLA OSHrrEW REV. EMMANUELI BA&ATUNDE GBCmoI EVANGEusf YAW DAVID BOAffE EVANGEusf MARY TEMrropE osrrELU REV. MARGAREf CULLEN REGIsfERED OFFI. 25 SURREY SQUARE WALWORTH LONtxJN SE17 2JU ITrIARrrY NO: 274922 Page I
31° Decnter 2020 PRINapAL Arn DURJNG THE YEAR This year, the tharity C[tinj to pre, te&th, ar¥J practre the word of God to reth many undEv5 and many gave tr£ir life to thristian fath. Spiritual arkl temwral wdfare was ministexej to arKJ it is beli&j mary wll attain etemal safvation. Refurtishment hrkS Continu on main ivarmth thurth was made px)ssible during the year with the assistant of mernters a1 rereipt of Gift aid refunds from ts employod memberfs tax contributions. Tr Church lea a thurch hall for the DepUcKd brarth and salvation VKJrk oytirwl d1rj the year. srATEmEf OF TRusfEES' RESPONSIBILEs Charities P£t 1993 reqre$ the tr(tst$ to kyepare a Statern of COUnts for finarKial year, which give a true armd fair view of tr£ stste of affairs of the tharity at the of the fiMr¥ial year arKI of ts irKomlrKJ re$cAjr and applications of r1)Ur of ttE tharity of the 3. st wtthr applioble xcThJntlw starKlards arKI slateTrt of rMrrErknj prBctice have follo, subjed to ary material departures disd(61 arKI expkin&d In the Stat of xcounts: arKI 4. prepare the CoUnts on the goiThJ cOrn basis it ts inappropriate to esume that the dwrity wlll contlnue in OWBtion. 5. Tr trust are respmtsib for keeptTrJ prow coUntI1vj rÉrords, vAIlth dlsclose r&%onable rQY at any time the finKial Frf)S¢tlon of the oharity to enable them to ensure that tr axounts comply with the ulation under of the Ltharities kt 1993. are alsD resrMJn&ble for sa@uardirvJ assets of the ¢tharity for tskirKJ rea9able steps to tPE prevention dthlion of wn)r, fra arKI Cth Irular1tles. ON BEHALF OF THE TRusfEES ON THE 26TH APRIL 2021 Pag¢ 2
INDEPENDE EXPMINER5 REPOI As the dBriVs trustffs you a resp)ible ts ttE preparètion of tIE CoUnts1 YOU considw that rquirement of s&tv)n 43(2) of chariti Alt 1993 ( Act) does appw. It is my reSr61b1lty to slate, cfi tr£ basis of prccedures ffied the Generdl Dir&lK)ns given Lry the (]wty Commissioners urthr tiOn 43(7)(b) of the P¢ v4tsttrw particular matt&s have (x)me to ry attention. &4SIS OF INDEpENDETr EW41NERS REH)RT: My eJaminatlon (3nl8J (Mjt in cordarKE With the DlreLtions given by the aiarity commissionws. An exam1rtIM a revw of the C¢)Untin3 records kept by the drity aryj a cOmn9)n of Kcounts presentejj wlth rrds. It also cortsideration of any urual ItnS or dI9Josu in the accounts, and explanations from you as tr corKemiThJ any such matters. prcc&Jures th) provkje all the evideKe that would be rquired in an aLMJit, and cOrtseqty I (k> &Ypress an alIt opinh?n on ts vi 91ven by the Kcounts. INDEPENDE E<AMINERS ATEMEpfr. In conne£don with rrry e¥amination, rD matter has oJn to ny attentlon, vthich gNes me reasonaLAe caiEe to tle that any material rw&ts ttE r4ulremts i. to kp coUntIrj rS in KcordarKe with 41 of the Act and 2. to prepare accounts whith &£ord vlth the axJ)untirrfJ r atTrJ to comp with ts accountlrKJ wuirements of the kt h35 Th)t n. 6A Mr E A Winful. FCC EA WINFUL & ASSOCIATES CHARTERED CERTIFIED AccouiifAirrs UNIT 95 LILUNGsfoN HSE LONDON N7 7LZ Page 3
H OF THE LORD ALADURA UIQ STATEMENT OF FINANCIAL ACTivmES For thè yèar 8nd8d 31" Decwber 21QO INCOME AND EXPENDITURE Notes Unrestrlcted Restricted 2020 2019 Incoming Resources Tithes & Offerings 85.302 85.302 147,105 Investment Income Other Operating Income 26.507 26.507 24,517 Totsl Income Resources 111,809 171,622 Resourc£s Expanded Cost of Activrties (160,675) (121,861) Totsl Re3ourc8s Expanded (160,675) (121,861) Net Incoming l (Oirtgoing) Resources (48,866) 49,761 Funds brought forward 31112119 240.923 191,162 Deslgnated furKls utllised Funds carried foThvard 31112r20 192.057 240,923 See notes on the following pages detoiled anatyzis of incorne and expenditure CONTINUING OPERATION None of the charity's adNrties were acquired or discontinued during the current and previous years. and the deficit for the previous year. TOTAL RECOGNISED GAINS AND DEFICITS The charity has no recognised gains or deficits other than th& suwus for the current year The notes fomi part of these aceounts. Page 4
THE CHU F THE LORO ALADURA UIQ BALANCE SHEEf AS AT 31 DECEMBER 2020 FIXED ASSErs 2020 2019 Tangible Assets 38,827 41,534 CURRENT ASSETS Debtors I PropayTnents Bank I Ca8h 157,179 157,179 203.339 203,339 CREDITORS.. Amounts falling due 1n one year 10 (3,950) (3,950) Net Currgnt A88e18 1 (LIa.11ti8S> 153,229 199,389 CREDITORS.. Amounts falling due for more than one year Tol81 A88ets le88 Lialilitres 192,056 240,922 FUNDS Unrestricted Funds 11 192,056 240,922 Signature Page 5
THE CHURCH OF THE LORD ALADURA UK NOTES TO THE FINANCIAL STATEMENTS OF 2020 1 ACCOUNTING POLICIES 1 Arxounting Convention The accounts have been prepared under the historical cost convention. and in accordance with SORP 2 Accounting frir Charlbes. Exemption has been tsken from preparirKJ a cash flow statèment on the grounds thet the charity is a small undertaking. Incoming Resources Incoming Resources represents collecAions, pledges & donations, and gift aid receipts income due in the year. 1.2 Tangible Fixed Assets Depreciation is provided at the followtng annual teS in order to write off each assets over estimated usefvl life. Fixtures & FittirvJs Musical Equipment 10% 10% Page 6
THE CHURCH OF THE Notes to the Accounts for the year erKled 31st Decernber 2020 Notes 2020 2020 2020 2019 2 TITHES & OFFERINGS 15 unreStri¢ed Restric Tithes Colleth'ons Thanksgiving Harvest Anniversary Appeals Building fund Europe Diocese 29,005 7,796 9,445 2.870 45,867 23,663 17,631 14,936 7,520 7.796 2,870 26,616 9.570 26.616 9,570 37,489 Total in¢om8 received 85.302 147,105 3 Investment Income 4 Other Income Gift Aid Refunds Unrestrictsd Restricted 26,507 26,507 24,517 5a COST OF ACTIVITIES Vicarage expenses Admin & Stslionaries Telephone Insurance Rent & Rates Gas & Electric Harvest, Aniversaries Donations . Gift & Other Charitable Offerings Building Maintenanc8 Depreciation Bank charges Total Cost of Activithes 15 (54,766) (6,606) (47,462) {22,725) (765) (9,888) (14,939) (6.961) (5,149) (6,074) {1.000} (1,5041 (1,4451 {117,9111 (1,077) (5,791) (2,743) (910) (82.184) (1,203) (1.4451 1156.7251 5b Govemance (3.950) (3.950) Page 7
THE CHURCH OF TH 2020 2019 7 BANK I CASH Surrey Square Branch Surrrey Square Building funds North London North London Building funds Deptford Branch Deptford Building funds Greenwthi¢h Westbume Park Branch Birmingham Branch Diocese Account Europe Diocese Accounl Province Account Pension Account TOTAL 12.328 452 3.481 4,999 432 5,246 57,284 1.586 5,460 5,045 3,121 1,965 5.686 99.957 6,171 6,385 203.339 1,746 5,580 5,837 3.621 1.934 5,686 103,958 6,171 6.385 157,179 8 DEBTORS Sundries 10 CREDITORS.. Amount falllng due viithin one year Sundary Creditors (3.950> (3,950) 9 FIXED ASSETS Church Building Land Liverpool Fixtures & Fittings Van Additions 12 13 14 28,000 28,000 83,970 85,474 111,970 113,474 Depreci8tion Charge during year 71,940 1,203 73,143 70,437 1,504 71,940 NBV 38.827 41,534 11 UNRESTRICTED FUNDS brought forward Surplus for the year Designated funds Carried forward 240,922 (48,866) 191,161 49.761 192.056 240,922 Page 8
F THE LORD ALADURA UIC 12 Church Building: The Church building was acquired freehold in 1978 at the cosl of £ 28.000. It Ivas valued in 1980's al £50,000. Current valuation is £940.000 13 Land @ Liverpool: The Church owns a Land at Lr¥erpool acquired at nil value. Current value is estimated to b8 £392,000 14 Fixtures & Fittings: This 1$ mainly heating equipments. carpets, tables & chairs. musical instruments and other equipments. Acquisition during the year is expen#. Depreciation is charged on its remaining net l)ook value in 2020 15 INCOME & EXPENDITURE BY BRANCH INCOME TOTAL 4.249 15.729 5,410 8,823 2,870 29.OOS 7,79S 9.445 2,870 Offell'ng Thanksgivlng H8rv8st 572 478 135 Anniv¢rsary Appeals Europe Diocese Glft Ald rac4lpts TOTAL 28,818 28,816 9.570 28,507 111.809 9,570 28.507 36.077 1.071 59,448 EXPENDITURE Vi¢orag$ èxpgns Ekn'rJty & G8$ 14.972) (3,595} {4.2491 (15.7291 (25.781) 12,3841 13791 154,7e81 12.3641 13791 Transport Insurance 11.orn 11,0771 15.7911 18.9611 Rant Pay8bl Adrnin & Gen Exn Charty & Donatio OtherlTransfer Deprnoats"on Govém8nco TOTAL I2.) 12.3781 11.155) 18151 16,9911 157,284} 175) 124,trJ)I (7551 82.184 11.2031 13,9501 1180,6751 1111) {1931 13.9501 152.1951 129,7111 16,1951 {5.071) (7.30n su8 I ID•rv> {6511 {1.441) 11.2681 159,1251 7.253 148,8661 Page 9