| Charity | Registration | Registration | Number: | 287362 | |
|---|---|---|---|---|---|
| Principal | Office: | Roundwood Gospel Assembly |
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| Longstone Avenue |
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| London | |||||
| NW10 3UE | |||||
| Trustees. | Derek Williams Esq. |
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| Joyce Taylor | |||||
| Edward Goes | |||||
| Carlton Dennis Revy Dr(Pastor) | |||||
| Ms Diana Gittens | |||||
| Bankers: | Pentecostal Credit Union Ltd |
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| 15 Oldridge Road | |||||
| Balham | |||||
| London, SW12 8PL | |||||
| Independent | Examiners: | Leroy Reid &Co. | |||
| Chartered Certified Accountants |
and | ||||
| Registered Auditors |
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| 299Northborough Road |
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| Norbury | |||||
| London SW164TR |
| CONTENTS | PAGE | |
| Trustees Report | l-2 | |
| Report ofthe Examiner | ||
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 6-8 |
| The trustees | The trustees | named on the front sheet have served during the year. |
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|---|---|---|---|---|---|---|
| Trustees' | Responsibilities For The Financial Statements |
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| The law requires us the trustees to prepare the financial statements for each year which |
gives | |||||
| a true and | fair view oftbe state ofatfsirs ofthe organisation and ofits surplus |
and deficit for | that | year. | ||
| ln preparing | the financial statements we are required to: |
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| (a) | select suitable accounting policies and apply them consistently through the years. |
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| (b) | make judgements and estimates that are reasonable and prudent. |
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| (c) | state whether applicable accounting standards have been followed, |
subject | to any | material | ||
| departures that should be disclosed and explained in the financial |
statements. | |||||
| (d) | prepare the financial statements on the going concern basis unless |
it is inappropriate | to | |||
| presume that the organisation will continue in business. We are responsible |
for keeping | |||||
| proper accounting records, for safeguarding the assets ofthe organisation |
and for | taking | ||||
| reasonable steps for the prevention and detection offraud and other irregularities |
should | |||||
| they exist. |
| INCOMING RESOURCES |
NOTES | 2021 | 2020 | |
|---|---|---|---|---|
| Church income |
1(b) 62 2 | 84,009 | 50,077 | |
| Investment income |
l(b) | 2 | 16 | |
| Total incoming resources |
84 011 | ~50093 | ||
| RESOURCES EXPENDED | ||||
| Direct church expenditure | 76 201 | 64 ol8 | ||
| Net movement in funds |
7,810 | (14,825) | ||
| Funds brought forward | 192226t | I | 937 (NO | |
| Funds carried forward |
| NOTES | 2021 | 2020 | |||
|---|---|---|---|---|---|
| FIXEDASSETS | 1 | 84rl 843 | I | 85'1 257 | |
| CURRENT ASSETS | |||||
| Debtors and prepayments |
308 | 3,585 | |||
| Cash and bank balances | 89043 | 71 552 | |||
| 90,251 | 75,137 | ||||
| CURRENT LIABILITIES | |||||
| Creditors and accruals |
~5019 | ~6129 | |||
| NET CURRENT ASSETS(LIABILITIES) NET ASSETS |
85 232 6V 008 ~90 C~ |
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| FUNDS | |||||
| Unrestricted funds |
8 | ~l' | )0 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Light and heat | 13,391 | 9,532 | ||||||||
| Ministerial allowance Salaries and wages |
2,150 11,500 |
14,900 | ||||||||
| Food and provisions | 2,076 | 458 | ||||||||
| Insurance Postage, stationery, Repairs, maintenance Accountancy fees |
printing and telephone and cleaning |
4,457 2,429 18,440 2,789 |
4,198 2,261 6,652 2,280 |
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| Rates and wnter | 342 | 810 | ||||||||
| Donations, gifts and |
special | events | 2,886 | 11,310 | ||||||
| Motor running costs Bank charges |
6,721 15 |
4,021 10 |
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| Books and publications | 591 | 72 | ||||||||
| Depreciation | 8414 | 8414 | ||||||||
| FIXEDASSETS | ~F. nl | meat | ||||||||
| Freehold | Furniture | dk | ||||||||
| COST OR VALUATION | ~pre | ct't | ~pittln s |
Motor Van | Total | |||||
| Opening balance |
1,821,450 | 77,289 | 41,803 | 1,940,542 | ||||||
| Additions for the year |
Nil | Nil | N&t | Nd | ||||||
| Disposals | Nil | Nil | Nil | ~il | ||||||
| Closing balance | 1.1121450 | 77 | 289 | 41 803 | 1 940 542 | |||||
| ACCUMULATED | DEPRECIATION | |||||||||
| Opening balance Charge for the year |
Nil Nil |
77,234 54 |
10,051 8,360 |
87,285 8,414 |
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| Disposals | bill | Nil | Nil | Nil | ||||||
| Closing balance | Nil | 77 288 | 18411 | 95699 | ||||||
| NFT BOOK VALUE | ||||||||||
| as at 31st December 2021 |
Kl | ~2 &~44 |
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| as at 31st December 2020 | F55 | 83L752~5 |
| 5 | DEBTORS AND | PREPAYMEN'fS | PREPAYMEN'fS | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Other debtors | 308 | |||||
| Loan to members | ~3585 | |||||
| 8808 | ~X3 5 5 |
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| 6 | CASH AND BANK BALANCES | 2021 | 2020 | |||
| Roundwood Gospel Gospel Tabernacle Associated Gospel |
Assembly Assembly Assemblies |
Trust | 57,182 12,515 20 246 |
35,298 8,373 ~27 881 |
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| 7 | CREDITORS AIVD ACCRUALS | 2021 | 2020 | |||
| Accruals | ~1 | SQ22 | ||||
| 8 | ANALYSIS Oli NKT ASSETSBETWEEN FUNDS | 2021 | 2020 | |||
| Tangible fixed assets Net current assets |
1,844,843 85232 |
1,853,257 69008 |
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| ~9' | l 5 ~c)&Z s |
| INCOMING RESOURCES | INCOMING RESOURCES | INCOMING RESOURCES | NOTES | 2021 | 2020 |
|---|---|---|---|---|---|
| Church inoome |
l(a) | 57,204 | 46,864 | ||
| Fundraising and activities |
1(a) ds 2 | 26,805 | 3,213 | ||
| interest received | 1(a) | 2 | 16 | ||
| 84,011 | 50,093 | ||||
| RESOURCES EXPENDED | |||||
| Light and heat | 13,391 | 9,532 | |||
| Ministerial allowance |
2,150 | 14,900 | |||
| Salaries and wages | 11,500 | ||||
| Pood and provisions | 2,076 | 458 | |||
| insurance | 4,457 | 4,198 | |||
| Postage, stationery, | printing | and telephone | 2,429 | 2,261 | |
| Repairs, maintenance | and cleaning | 18,440 | 6,652 | ||
| Accountancy fees |
2,789 | 2,280 | |||
| Rates and water | 342 | 810 | |||
| Donations, gifts and |
special | events | 2,886 | 11,310 | |
| Motor running costs |
6,721 | 4,021 | |||
| Bank charges | 15 | 10 | |||
| Books and publications | 591 | 72 | |||
| Depreciation | «8414 | 8414 | |||
| Total expenditure | ~76 201 | .r 64918 |
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| Net incoming resources |