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|---|---|---|---|---|
|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|
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||||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|
##
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|||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|
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|||||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|
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||||||||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|
|5.|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|
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|||||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|
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||||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|
##
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||||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|
##
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||||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|
##
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|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|
##
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|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|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|
##
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|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|
##
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##
||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|
##
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##
|||||||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|
##
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##
|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|
##
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##
|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|
##
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##
|||||||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|
##
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||||||||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|
##
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##
|||||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|
##