2020-12-31-accounts - Kingdom Faith Church

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				Page
Reference and administrative		details ofthe Charity,	its Trustees and advisers
Trustees' report				2-5
Independent auditors'	report	on the financial statements		6-9
Statement offinancial	activities			10
Balance sheet
Statement ofcash flows				12
Notes to the financial	statements			13-30

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2020	2020	2020	2019
		Note	6	6	6
Income from:
Donations and legacies			2,670	194,630	197,300	5,048
Charitable activities			18,071	966,840	984,911	1,217,424
Other trading activities				8,709	8,709	14,391
Total income			20,741	1,170,179	1,190,920	1,236,863
Expenditure on:
Raising funds				4,502	4,502	16,903
Charitable activities			44,202	1,012,223	1,056,425	1,269,594
Total expenditure			44,202	1,016,725	1,060,927	1,286,497
Net (expenditure)/income			(23,461)	153,454	129,993	(49,634)
Transfers between	funds	17	556	(556)
Net movement in	funds		(22,905)	152,898	129,993	(49,634)
Reconciliation of	funds:
Total funds brought	forward		93,776	2,438,119	2,531,894	2,581,528
Net movement in funds			(22,905)	152,898	129,993	(49,634)
Total funds carried forward			70,871	2,591,017	2,661,888	2,531,894

					2020		2019
			Note		6
Fixed assets
Tangible assets			12		2,691,466		2,691,350
Current assets
Stocks			13	12,299		12,120
Debtors			14	20,812		30,656
Cash at bank and	in hand			55,108		32,638
				88,219		75,414
Creditors: amounts	falling	due within one
year			15	(117,797)		(234,859)
Net current liabilities					(29,578)		(f59,455)
Total assets less	current	liabilities			2,661,888		2,531,895
Total net assets					2,661,888		2,531,895
Charity funds
Restricted funds			17		70,871		93,775
Unrestricted funds			17		2,591,017		2,438,119
Total funds					2,661,888		2,531,895

		FOR TH	E	YEAR ENDED 31 DECEMB	ER 2020
					2020	2019
Cash flows from operating		activities
Net cash used in operating	activities				25,943	26,209
Cash flows from investing		activities
Purchase oftangible fixed assets					(4,639)	(2,944)
Net cash used in investing		activities			(4,639)	(2,944)
Cash flows from financing		activities
Repayments of borrowing						(20,000)
Net cash provided by/(used		in) financing		activities		(20,000)
Change in cash and cash	equivalents		in	the year	21,304	3,265
Cash and cash equivalents	at the beginning			ofthe year	31,611	28,346
Cash and cash equivalents		at the end	of	the year	52,915	31,611

				Restricted	Unrestricted	Total
				funds	funds	funds
				2020	2020	2020
				6	6	F
	Legacies
	Grants			2,670	194,630	197,300
				2,670	194,630	197,300
				Restricted	Unrestricted	Total
				funds	funds	funds
				2019	2019	2019f
	Legacies				668	668
	Grants			4,380		4,380
				4,380	668	5,048
4.	Income from charitable	activities
				Restricted	Unrestricted	Total
				funds	funds	funds
				2020	2020	2020
				E	E
	Income from charitable	activities - Revival	College		52,525	52,525
	Income from charitable	activities - Faith Camp
	Income from charitable	activities - Kingdom	Faith Church	7,645	727,864	735,509
	Income from charitable	activities - Ministry		10,426	186,451	196,877
				18,071	966,840	984,911

							Restricted	Unrestricted	Total
							funds	funds	funds
							2019 f	2019 E	2019
Income	from	charitable	activities	-	Revival	College		162,165	162,165
Income	from	charitable	activities	-	Faith Camp			20	20
Income	from	charitable	activities	-	Kingdom	Faith Church	21,530	774,549	796,079
Income	from	charitable	activities	-	Ministry		28,773	230,367	259,160
							50,303	1,167,121	1,217,424

Income	from other trading	activities
Income	from non charitable	trading	activities
				Unrestricted	Total
				funds	funds
				2020	2020
				E
Trading	income			8,709	8,709
				Unrestricted	Total
				funds	funds
				2019f	2019
Trading	income			14,391	14,391

				Grants to	Grants to	Total
				Institutions	Individuals	funds
				2020	2020	2020
				E	E	E
Grants,	Kingdom	Faith	Church		800	800
Grants,	Ministry			36,125	36,200	72,325
				36,125	37,000	73,125

				Grants to	Grants to	Total
				Institutions	individuals	funds
				2019	2019	2019
						5
Grants,	Kingdom	Faith	Church		305	305
Grants,	Ministry			17,075	31,800	48,875
				17,075	32,105	49,180

			Restricted	Unrestricted	Total
			funds	funds	funds
			2020	2020f	2020 6
Revival	College		851	17,371	18,222
Kingdom	Faith	Church	2,938	770,210	773,148
Ministry			40,413	224,642	265,055
			44,202	1,012,223	1,056,425
			Restricted	Unrestricted	Total
			funds	funds	funds
			2019	2019	2019
Revival	College		835	69,173	70,008
Kingdom	Faith	Church	24,701	861,224	885,925
Ministry			37,867	275,794	313,661
			63,403	1,206,191	1,269,594

			Activities	Grant
			undertaken	funding of	Support	Total
			directly	activities	costs	funds
			2020	2020	2020	2020
				6	F	6
Revival	College		18,222			18,222
Kingdom	Faith	Church	772,347	800		773,147
Ministry			129,388	72,325	63,343	265,056
			919,957	73,125	63,343	1,056„425

			Activities	Grant
			undertaken	funding ol	Support	Total
			directly	activities	costs	funds
			2019	2019f	2019	2019
Revival	College		70,008			70,008
Kingdom	Faith	Church	885,620	305		885,925
Ministry			192,561	48,875	72,225	313,661
			1,148,189	49,180	72,225	1,269,594

			Kingdon
		Revival	Faith		Total
		College	Church	Ministry	funds
		2020	2020	2020	2020
		6	6	F	6
Staff costs			741,929		741,929
Depreciation				4,523	4,523
Telephone				12,734	12,734
Administration		4,350	4,379		8,729
Premises repairs	and renewals		7,926	15,706	23,632
Motor and travel				28,851	28,851
Printing, postage	and stationery		16	6,669	6,685
Ministry costs			9,359		9,359
Computer expenses				13,696	13,696
Finance and interest charges				1,827	1,827
Utilities				42,764	42,764
Housekeeping				2,618	2,618
Catering and team costs		19,444	1,122		20,566
Venue costs			7,617		7,617
Bad debts		(5,572)			(5,572)
		18,222	772,348	129,388	919,958

Analysis ofexpenditure by activities (c Analysis ofdirect costs (continued)	ontinued)
	Revival	Kingdom		Total
	Co/lege	Faith Church	Ministry	funds
	2019	2019	2019	2019f
Staff costs		787,990		787,990
Depreciation			8,817	8,817
Telephone			13,737	13,737
Administration	1,181	8,653		9,834
Premises repairs and renewals		15,222	14,230	29,452
Motor and travel			67,223	67,223
Printing, postage and stationery		492	7,745	8,236
Ministry costs		18,616		18,616
Computer expenses			12,011	12,011
Finance and interest charges			1	1
Utilities			60,169	60,169
Housekeeping			8,628	8,628
Catering and team costs	70,088	4,860		74,948
Venue costs		49,787		49,787
Bad debts	(1,261)			(1,261)
	70,008	885,620	192,561	1,148,189
Analysis ofsupport costs

		Total
	Ministry	funds
	2020 5	2020f
Insurance	18,133	18,133
Legal and professional	28,834	28,834
Administration	6,046	6,046
Bank charges	5,530	5,530
Audit fee	4,800	4,800
	63,343	63,343

Analysis ofexpenditure by activities (continued) Analysis ofsupport costs (continued)
		Total
	Ministry	funds
	2019	2019f
Insurance	18,874	18,874
Legal and professional	33,384	33,384
Administration	5,187	6,187
Bank charges	8,980	8,980
Audit fee	4,800	4,800
	72,225	72,225

Auditors'	remuneration
				2020f	2019f
Fees payable	to the Charity's	auditor for the audit ofthe Charity's	annual
accounts				4,800	4,800

				2020	2019
				6	8
Wages and	salaries			656,444	697,068
Social security costs				47,167	50,632
Contribution	to defined	contribution	pension schemes	38,318	40,290
				741,929	787,990

			2020	2019
			No.	No.
Administrative	and	ministry	29	33

2020	2019
No.	No.

an	employ	ment with the Charity	. The value ofTrustees' re	muneratio	n and oth	er benefits was a	s follows;
						2020 8	2019f
Mr.	Simon	Coles	Remuneration			81,200	81,200
			Pension contributions		paid	5,488	5,544
			Remuneration	including
Mr.	Clive	Urquhart	remuneration	ofclose	family	75,800	75,800
			Pension contributions		paid	5,142	5,142

	Freehold	Plant and	Fixtures and	Computer
	property f	machinery 6	fittings 5	equipment 5	Total 5
Cost or valuation
At 1 January 2020	2,683,000	264,094	42,093	43,561	3,032,748
Additions		4,639			4,639
At 31 December 2020	2,683,000	268„733	42,093	43,561	3,037,387
Depreciation
At 1 January 2020		256,802	42,093	42,503	341,398
Charge for the year		4,116		407	4,523
At 31 December 2020		260,918	42,093	42,910	345,921
Net book value
At 31 December 2020	2,683,000	7,815		651	2,691,466
At 31December 2019	2,683,000	7,292		1,058	2,691,350

2020f	2019f
12,299	12,120

						2020	2019
							5
	Due within one	year
	Trade debtors					708	8,062
	Other debtors						88
	Prepayments and accrued income					20,104	22,486
						20,812	30,656
15.	Creditors: Amounts		falling due within one year
						2020	2019
						F
	Bank overdrafts	and credit cards				2,193	1,269
	Trade creditors					12,546	69,909
	Other taxation and social security					78,035	89,176
	Pension fund contribution			payable		5,223	11,851
	Other creditors						51,615
	Accruals and deferred		income			19,800	11,049
						117,797	234,869
16.	Financial instruments
						2020	2019
						8
	Financial assets
	Financial assets	measured		at fair value through	income and expenditure	55,108	32,638

Statement offu	nds	- current	year
							Balance at
			Balance at 1				31
			January			Transfers	December
			2020	Income	Expenditure	in/out	2020
			E	6	F	6	6
Unrestricted funds
General fund			2,203,601	1,170,179	(1,016,725)	(556)	2,356,499
Revaluation fund			234,518				234,518
			2,438,119	1,170,179	(1,016,725)	(556)	2,591,017
Restricted funds
Building refresh	fund		4,409		(4,965)	556
Child contact centre		fund	11,224	17,522	(19,710)		9,036
Storehouse fund			2,266	1,625	(2,275)		1,616
Foyer refurbishment		fund	58,686				58,686
Play area fund			940		(940)
Israel No2 fund			15,000		(15,000)
Mission fund			1,250				1,250
Jerusalem Prayer Breakfast			1		(1)
Israel fund				1,594	(1,311)		283
			93,776	20,741	(44,202)	556	70,871
Total offunds			2,531,895	1,190,920	(1,060,927)		2,661,888

Statement offu	nds	- prior ye	ar
							Balance at
			Balance ei				31
			1January			Transfers	December
			2019	Income f	Expenditure	inyout	2019f
Unrestricted funds
General fund			2,251,829	1,182,181	(1,223,093)	(7,316)	2,203,601
Revaluation fund			234,518				234,518
			2,486,347	1,182,181	(1,223,093)	(7316)	2,438,119
Restricted funds
Building refresh	fund		7,786		(3,377)		4,409
Child contact centre		fund	10,338	29,953	(29,067)		11,224
Storehouse fund			1,179	1,750	(663)		2,266
Israel fund				2,387	(5,429)	3,042
Foyer refurbishment		fund	58,686				58,686
Play area fund			940				940
Israel no2 fund			15,000				15,000
Mission fund			1,250				1,250
Jerusalem Prayer Breakfast				20,593	(24,866)	4,274	1
			95,179	54,683	(63,402)	7,316	93,776
Total offunds			2,581,526	54,683	(1,286,495)		2,531,895

						Balance at
		Balance at 1				31
		January			Transfers	December
		2020	Income	Expenditure	in/out	2020
		E	E	E	E	E
General funds		2,438,119	1,170,179	(1,016,725)	(556)	2,591,017
Restricted	funds	93,776	20,741	(44,202)	556	70,871
		2,531,895	1,190,920	(1,060,927)		2,661,888
Summary	offunds - prior year
						Balance at
		Balance at				31
		1January			Transfers	December
		2019f	income E	Expenditure E	inloul E	2019
General funds		2,486,347	1,182,181	(1,223,093)	(7,316)	2,438,119
Restricted	funds	95,179	54,683	(63,402)	7,316	93,776
		2,581,526	1,236,864	(1,286,495)		2,531,895

Analysis	of n	et assets between funds -curre	nt period
			Restricted	Unrestricted	Total
			funds	funds	funds
			2020	2020	2020
			E	E
Tangible	fixed	assets	58,686	2,632,780	2,691,466
Current	assets		12,185	76,033	88,218
Creditors	due	within one year		(117,796)	(117„796)
Total			70,871	2,591,017	2,661,888

							Restricted	Unrestricted	Total
							funds	funds	funds
							2019 8	2019 f	2019f
	Tangible fixed assets						58,686	2,632,664	2,691,350
	Current assets						35,090	40,323	75,413
	Creditors due within	one year						(234,869)	(234,869)
	Total						93,776	2,438,118	2,531,894
20.	Reconciliation of net movement			in funds to net		cash flow	from operating	activities
								2020	2019
								F	5
	Net income/expenditure		for the	period	(as per	Statement	of Financial
	Activities)							129,993	(49,634)
	Adjustments for:
	Depreciation charges							4,523	8,817
	Decrease/(increase)	in stocks						(179)	5,189
	Decrease in debtors							9,844	1,566
	Increase/(decrease)	in creditors						(118,238)	60,271
	Net cash provided	by operating		activities				25,943	26,209
21.	Analysis ofcash and cash equivalents
								2020	2019
								5	8
	Cash in hand							55,108	32,638
	Overdraft facility repayable		on demand					(2,193)	(1,027)
	Total cash and cash equivalents							52,915	31,611

				At 1		Ai 31
				January		December
				2020	Cash flows	2020
					8	5
Cash	at bank and in hand			32,638	22,470	55,108
Bank	overdrafts	repayable	on demand	(1,269)	(924)	(2,193)
Debt	due within	1 year		(11,851)	6,628	(5,223)
				19,518	28,174	47,692