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|||Page|
|---|---|---|
|Legal and Administrative|Information||
|Annual<br>Report||2-5|
|Independent<br>Examination||6-7|
|Statement of Financial Activities||8-10|
|Balance Sheet|||
|Notes to the Accounts||12- 16|





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||||year ended<br>Dec2020|year ended<br>Dec 2019|
|---|---|---|---|---|
|Incoming Resources|||||
|Incoming<br>resources<br>from|generated|funds:|||
|Voluntary<br>income:<br>Offerings (see note 3)|||223,351|375,827|
|Activities<br>for generating<br>Church week away<br>Mainly music income|funds:||8,965<br>856|6,465<br>1,668|
|Rental income|||163|7,153|
|Total Incoming Resources|||233,335|391,113|





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|f|o|r the year|ended 31De|cembe|r 2020||
|---|---|---|---|---|---|---|
||||year <br>Dec|ended<br> 2020||year ended<br>Dec 2019|
|Resources Expended|||||||
|Cost ofgenerating<br>funds:<br>Leasehold<br>rent||||14,033||5,000|
|Heat and light<br>Water Rates refunded||||6,979<br>22||6,108<br>64|
|Storage||||I|620|1 620|
|||||22,654||12,792|
|Charitable<br>Activities:|||||||
|Christmas<br>Event Costs|||7,252|||3,382|
|Ministry<br>gifts (see note 4)<br>Advertising<br>and promotion<br>Depreciation<br>Church week away<br>Loan interest (stewardship<br>loan)<br>Bank Charges<br>Stationery<br>and resources<br>Building utilities<br>and consumables<br>Evangelism<br>events<br>Mainly Music<br>Telephone<br>and internet<br>X2/Youth/Sunday<br>School costs<br>Web site costs|||6,388<br>29,585<br>34,266<br>2,166<br>69<br>1,303<br>19,487<br>5,487<br>1,577<br>1,360<br>600<br>771|||6,774<br>30,415<br>27,576<br>3,108<br>123<br>1,390<br>11,647<br>26,635<br>1,546<br>1,042<br>1,297<br>522|
|Miscellaneous<br>Expenses<br>Genexis costs|||2,581<br>38,646|||2,785<br>158,050|
|Leadership<br>development||program|7,885|||4,973|
|||||159,423||291,265|
|Governance<br>costs:|||||||
|Independent<br>examiners<br>bookkeeping<br>Insurance|fee and||2,324<br>1,059|||2,849<br>1,879|
|Subscriptions<br>Life insurance|||580<br>414|||564<br>414|
|Donation|||500||||
|Legal fees<br>Training<br>Wages & Nl|||1,190<br>64,616|||3,002<br>1,603<br>65,399|
|||||70,683||75,710|





|TOTAL RESOURCES EXPENDED|252 760|379767|
|---|---|---|
|NET MOVEMENTS IN FUNDS<br>Funds brought<br>forward|(19,425)<br>68 106|11,346<br>54760|
|FUNDS CARRIED FORWARD|46 681|66 106|





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||f|or the year ended|31December 2020||
|---|---|---|---|---|
||||year ended|year ended|
||||Dec 2020|Dec2019|
|Fixed Assets|||||
|Equipment<br>(see note 5)<br>Leasehold<br>improvements||(see note 5)|30,963<br>55,995|34,275<br>77,839|
||||86,958|112,114|
|Current<br>Assets<br>Current accounts<br>and|Cash||9,550|20,902|
|Debtors and Prepayments|||5,991|7,068|
||||15,541|27,970|
|Creditors:<br>due within<br>one year<br>Creditors<br>and Accruals|||(12,175)|(4,421)|
|Net Current<br>Assets|||3,366|23,549|
|Creditors:<br>due after more than one year<br>Stewardship<br>loan|||(43,643)|(69,557)|
|Total Net Assets|||46,681|66,106|
|Represented<br>By:|||||
|General Fund<br>Brought forward<br>(Deficit) / Surplus for||year|66,106<br>(19,425)|54,760<br>11,346|
||||46,681|66,106|





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|Offerings||||
|---|---|---|---|
|||year ended|year ended|
|||Dec 2020|Dec 2019|
|Leamington<br>offerings<br>Genexis Income||137,803<br>44,275|149,671<br>155,008|
|Gift Aid tax|refund|41,273|71,148|
|||223,351|375,827|





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|Tangible Fixed Assets|||
|---|---|---|
||Leasehold||
||Improvements|Equipment|
|Cost|||
|At<br>1 January 2020<br>Additions|327,662|119,454<br>4,429|
||327,662|123,883|
|At 31 December 2020|||
|Depreciation<br>At<br>1 January 2020|249,823|85,179|
|Depreciation<br>for the period|21,844|7,741|
|At 31 December 2020|271,667|92,920|
|Net Book Value|||
|At 31 December 2020|55,995|30,963|
|At 31December 2019|77,839|34,275|



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|||||year ended|year ended|
|---|---|---|---|---|---|
|||||Dec 2020|Dec2019|
|Due|over|5|years|5,000|5,000|



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