Charity registration number: 1052575
Carlton Pentecostal Church
Annual Report and Financial Statements for the Year Ended 31 December 2020
Community Accounting Plus Units 1 & 2, North West 41, Talbot Street Nottingham NGI1 5GL
Carlton Pentecostal Church
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to6 |
| Independent Examiner's Report | 7 |
| Statement ofFinancial Activities | 8 |
| Balance Sheet | o |
| Cash Flow Statement | 10 |
| NotestotheFinancialStatements | 11to18 |
Carlton Pentecostal Church
Reference and Administrative Details
Trustees
Trustees Margaret Coy Darryl Holt Doreen Rushton Jeanette Bucknall Kenneth Troake Shaun Holt Peter Lord Malcolm Grange David Henshaw Betty Waldron Senior Management Team Shaun Holt, Church Pastor Angela Arnold-Phipps, Nursery Manager Principal Office 49 Station Road Carlton Nottingham NG4 3AR Charity Registration Number 1052575 Bankers HSBC 104 Front Street Arnold Nottingham NG5 7EG Lloyds Bank 12-16 Lower Parliament Street Nottingham NG1 3DA Kingdom Bank Ruddington Fields Business Park Mere Way Ruddington NG11 6JS Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2, North West 41, Talbot Street Nottingham NG1 5GL
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Carlton Pentecostal Church
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020.
Trustees
Margaret Coy
Darryl Holt
Doreen Rushton
Jeanette Bucknall
Kenneth Troake Shaun Holt
Peter Lord
Malcolm Grange David Henshaw
Betty Waldron Sharon Smith (resigned 11 April 2020)
Beth Fell (resigned 16 May 2020)
Structure, governance and management
Nature ofgoverning document
The Charity although completely autonomous is part of a larger group of churches known as "Assemblies of God in Great Britain and Ireland" (AOG).
The operation of the charity is governed by the Model Constitution and Trust Deed which was adopted by Special Resolution on 7th September 2006.
Recruitment and appointment of trustees
Regardless of the skills and abilities of the outgoing Trustees, the needs of the committee are assessed and any skills gaps identified.
This will dictate whether replacement is necessary. If it is, those congregation members who have demonstrated the skills required and whose other commitment to the church have been proved will be discussed by the committee and following a successful vote, will be approached to be asked if they would be willing to join the committee and will be issued the guidance that the Charity Commission has prepared as well as being issued the terms of reference for the committee. If they accept, they will be formally voted in. If they decline, the process will be repeated.
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Carlton Pentecostal Church
Trustees' Report
Objectives and activities
Objects and aims
The objectives of Carlton Pentecostal Church are to proclaim the good news of Jesus Christ, to help believers develop in their faith and fulfil their potential and to reach out to the marginalised in our society, regardless of their background or beliefs:
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to advance the Christian faith in accordance with the statement of beliefs in such parts of the United Kingdom or the world as the Trustees from time to time think fit;
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to relieve all aspects of poverty and to promote and preserve wellbeing by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such other parts of the United Kingdom or the world as the Trustees from time to time may think fit;
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to advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.
The main activities of the charity include:
Sunday worship services; Bible studies; Mid-week fellowship meeting; Friendship Link- offering activities such as indoor bowls and meals; Parent/Carer and child play group; Pre-school Nursery; Charity Shop; Corporate Prayer; Saturday Cinema; Pastoral counselling; Hospital and home visits; Wedding services; Funeral services; Child dedication services; Youth meetings; Sunday school; Community activity letting space; Music practice; School visits; Homeless project; Overseas aid; Donations to people suffering from aspects of poverty.
Objectives, strategies and activities
Carlton Pentecostal Church is an independent church and is currently affiliated to the Assemblies of God in Great Britain with a congregation that draws people from Carlton, Nottingham and the surrounding area.
The church has offered a range of services, not only on Sundays, but throughout the week. The aim has been to support the community socially, physically, emotionally and spiritually.
We have done this through our faith based services and our community projects.
For the first few months of 2020, before the Covid-19 restrictions were implemented we:
*Ran successful Sunday services for the church community and visitors;
«Supported individuals who are in need locally and other charities locally and around the world. We have helped those in our community by offering;
*Help to provide food, rent and clothing for two local homeless projects;
*Ran a successful charity shop for the wider community, providing donations of clothing and household items;
«Invested in the discipleship of individual members of the church, especially through pastoral support and relevant courses;
«Faith based services and activities (also child dedications, funerals and weddings have been provided);
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Carlton Pentecostal Church
Trustees’ Report
*Saturday cinema for children once a month free of charge (with parental/guardian attendance) with snacks and refreshments at no cost;
«Friendship link twice per week, offering indoor bowls, with the option of a hot meal on the Thursday session;
*Also other regular meetings are available to our community such as “Toddler Time” where parents/carers come along with their children who play and join in the activities such as arts and crafts and singing;
*Youth meeting which runs one evening a week, week long camping trip to soul survivor during the school summer holidays.
As well as the above we also operate a day Nursery which is open five days a week from 8am to 6pm.
We have liaised with our local schools, often via a school support worker, to supply items such as furniture, clothing and financial help for needy families.
Our financial support extends to overseas including Eastern Europe and Kenya.
On a regular basis throughout 2020 Carlton Pentecostal Church members have donated food and other essential items to give to the homeless.
In March we closed all in-person services at the church and moved to an online service.
Congregation members were supported by telephone and online platforms.
The nursery remained open for key workers and the charity shop workers were furloughed until the government guidance changed.
This year, to improve our facilities, we have carried out the following: We have had the church and church hallway decorated; Invested in new Car park lighting to improve safety; Surveys took place to test for Legionella and asbestos; Emergency lighting for the building was updated.
Public benefit
All of our activities are designed with the public benefit in mind and this remains the focus of the charity. The aims and work done provide benefits both indirectly and directly to individuals in need; the benefits are for the public and are not unreasonably restricted in any way and certainly not by ability to pay.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
2020 was a challenging year for our commercial activities. Due to COVID restrictions Good Foundations Day Nursery functioned with very reduced numbers according to the guidelines. Second Glance Charity Shop was closed for several months as well.
There was a slight decline in donations due to the inability of meeting together as well. The grants made available by the government have helped sustain the charity and made it possible to reopen some of our activities once restrictions had been partially lifted.
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Carlton Pentecostal Church
Trustees' Report
Policy on reserves
We maintain a level of free reserves to mitigate against the risk that the charity experiences an unexpected event which would put us in financial difficulty. This might include an event which would bring Carlton Pentecostal Church into disrepute; the premises being forced to close for a long period of time or; a serious decline in the economic environment we operate in. The absolute level of unrestricted free reserves is assessed in line with our insurance policies, in light of our budgeted long-term and medium-term financial commitments and the insurances policies in place that cover the church and trading activities for an unexpected loss of income for a period of up to two years. Our aim is to have the financial cover of three months' medium to long-term financial commitments which would provide sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented.
We believe our largest asset risks to be total vehicle replacement and total roof failure. The vehicle replacement would be approximately £10,000 and a new roof would be between £20,000 to £35,000.
Our largest staff risk (were the Nursery to fail), would be the redundancy and final salaries payments of the Nursery. This is estimated to be a maximum of £25,000. If all happened at once with worst case scenarios, we would be looking at £10,000, £10,000, £35,000 and £25,000 which is £80,000. Assuming an annual turnover of approximately £600,000, 25% of that is £150,000 which leaves £45,000 for planned maintenance and developments.
Grant making policies
All applications for grants should be made in writing to the Trustees of Carlton Pentecostal Church.
The number of projects which can be supported by the Charity is, of necessity, limited to the amount of funds available for distribution in any year.
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Carlton Pentecostal Church
Trustees' Report
Statement of Trustees’ Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 80: i... and signed on its behalf by:
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Margaret Coy WA
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Trustee
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Carlton Pentecostal Church
Independent Examiner's Report to the trustees of Carlton Pentecostal Church
Independent examiner’s report to the trustees of Carlton Pentecostal Church
I report to the trustees on my examination of the accounts of Carlton Pentecostal Church (the Charity) for the year ended 31 December 2020.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
KG PMO
John O’Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2, North West 41, Talbot Street Nottingham NG1 5GL
Date: 19/10/2021
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Carlton Pentecostal Church
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | 2020 | 2019 | ||
| Note | £ | £ | £ | |
| Income and Endowments from: | ||||
| Donations and legacies | 2 | 167,689 | 167,689 | 99,393 |
| Charitable activities | 4 | 322,914 | 322,914 | 423,573 |
| Other trading activities | 5 | 38,511 | 38,511 | 65,021 |
| Investment income | 6 | 469 | 469 | 559 |
| Total Income | 529,583 | 529,583 | 588,546 | |
| Expenditure on: | ||||
| Charitable activities | 7 | (509,733) | (509,733) | (600,861) |
| Total Expenditure | (509,733) | (509,733) | (600,861) | |
| Netmovement in funds | 19,850 | 19,850 | (12,315) | |
| Reconciliation offunds | ||||
| Total funds brought forward | 720,667 | 720,667 | 732,982 | |
| Totalfundscarriedforward | 740,517 | 740,517 | 720,667 |
All of the charity's activities derive from continuing operations during the above two periods.
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Carlton Pentecostal Church
(Registration number: 1052575) Balance Sheet as at 31 December 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 13 | 506,716 | $22,223 |
| Current assets | |||
| Debtors | 14 | 1,076 | 7,624 |
| Cash atbankand inhand | 243,996 | 212,200 | |
| 245,072 | 219,824 | ||
| Creditors: Amounts falling duewithin one year | 15 | (11,271) | (21,380) |
| Net current assets | 233,801 | 198,444 | |
| Net assets | 740,517 | 720,667 | |
| Funds ofthe charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 740,517 | 720,667 | |
| Totalfunds | 740,517 | 720,667 |
The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on 10/2... and signed on their behalf by:
Sek PA: A Trustee
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Carlton Pentecostal Church
Cash Flow Statement for the Year Ended 31 December 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net cash income/(expenditure) | 19,850 | (12,315) | |
| Adjustments to cash flows from non-cash items | |||
| Depreciation | 22,397 | 22,499 | |
| Investment income | 6 | (469) | (559) |
| 41,778 | 9,625 | ||
| Working capital adjustments | |||
| Decrease in debtors | 14 | 6,548 | 10,981 |
| (Decrease)/increase in creditors | 15 | (10,109) | 12,130 |
| Net cash flows from operating activities | 38,217 | 32,736 | |
| Cash flows from investing activities | |||
| Interest receivable and similar income | 6 | 469 | 559 |
| Purchase oftangible fixed assets | 13 | (6,890) | (26,119) |
| Net cash flows from investing activities | (6,421) | (25,560) | |
| Net increase in cash and cash equivalents | 31,796 | 7,176 | |
| Cash and cash equivalents at | January | 212,200 | |
| Cash and cash equivalents at 31 December | 243,996 | 212,200 | |
| Reconciliation ofnet cash flow to movement in net funds | |||
| Increase in cash | 31,796 | 7,176 | |
| Net funds at 1 January 2020 | 212,200 | 205,024 | |
| Netfundsat31December2020 | 243,996 | 212,200 |
All of the cash flows are derived from continuing operations during the above two periods.
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Carlton Pentecostal Church
Notes to the Financial Statements for the Year Ended 31 December 2020
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Carlton Pentecostal Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
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Carlton Pentecostal Church
Notes to the Financial Statements for the Year Ended 31 December 2020
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Freehold land & buildings 2% straight line Motor vehicles 25% reducing balance Furniture & equipment 15% reducing balance
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Carlton Pentecostal Church
Notes to the Financial Statements for the Year Ended 31 December 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
2 Income from donations and legacies
| Unrestricted | ||||
|---|---|---|---|---|
| funds | ||||
| Total | Total | |||
| General | 2020 | 2019 | ||
| £ | £ | £ | ||
| Donations and legacies; | ||||
| Donations from individuals | 74,861 | 74,861 | 99,393 | |
| Grants, including capital grants; | ||||
| Government grants | 92,828 | 92,828 | - | |
| 167,689 | 167,689 | 99,393 | ||
| 3 | Grants and donations | |||
| Unrestricted | ||||
| funds | Total funds | |||
| £ | £ | |||
| Job Retention Scheme | 78,679 | 78,679 | ||
| Gedling Borough Council | 13,584 | 13,584 | ||
| Sundry donations | 75,426 | 75,426 | ||
| 167,689 | 167,689 |
- 3 Grants and donations
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Carlton Pentecostal Church
Notes to the Financial Statements for the Year Ended 31 December 2020
4 Income from charitable activities
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||||||
|---|---|---|---|---|
|Unrestricted|
|funds|
|Total|Total|
|General|2020|2019|
|£|£|£|
|Fees|322,644|322,644|422,463|
|Hall|hire|270|270|1,110|
|322,914|322,914|423,573|
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5 Income from other trading activities
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|
|funds|
|Total|Total|
|General|2020|2019|
|£|£|£|
|Trading|income;|
|Shop|income|from|sale|of donated|goods|and|services|38,511|38,511|65,021|
|38,511|38,511|65,021|
|6|Investment|income|
|Unrestricted|
|funds|
|Total|Total|
|General|2020|2019|
|£|£|£|
|Interest|receivable|and|similar|income;|
|Interest|receivable|on bank|deposits|469|469|559|
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Carlton Pentecostal Church
Notes to the Financial Statements for the Year Ended 31 December 2020
7 Expenditure on charitable activities
| Unrestricted | |||
|---|---|---|---|
| funds | |||
| Total | Total | ||
| General | 2020 | 2019 | |
| £ | £ | £ | |
| Activities & trips | 300 | 300 | 1,444 |
| Advertising & promotion | - | - | 719 |
| Cleaning | 947 | 947 | 1,168 |
| Equipment, repairs& renewals | 9,111 | 9,111 | 981 |
| Donations paid | 5,902 | 5,902 | 3,596 |
| Homeless ministry | - | - | 992 |
| Insurance | 4,726 | 4,726 | 3,560 |
| Legal& professional fees | 1,927 | 1,927 | 1,964 |
| Depreciation | 22,397 | 22,397 | 22,499 |
| Supplies | 19,069 | 19,069 | 22,457 |
| Sundry payments | 375 | 375 | 53 |
| Premises maintenance & security | 240 | 240 | 27,044 |
| Printing, copying & stationery | 290 | 290 | 481 |
| Publications& subscriptions | 2,314 | 2,314 | 2,100 |
| Rent& services | 8,625 | 8,625 | 9,000 |
| Saturday cinema | 172 | 172 | 571 |
| Transport | 42 | 42 | - |
| Telephone& postage | 958 | 958 | 898 |
| Training | 495 | 495 | 1,519 |
| Trade waste | 2,131 | 2,131 | 2,722 |
| Utilities | 7,714 | 7,714 | 10,546 |
| Vehicle costs | 665 | 665 | 2,608 |
| Wages, NIC & pensions | 421,333 | 421,333 | 484,579 |
| 509,733 | 509,733 | 600,861 |
8 Independent examiner's fees
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
Independent examination
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2020 2019
£ £
1,450 1,450
1,450 1,450
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Carlton Pentecostal Church
Notes to the Financial Statements for the Year Ended 31 December 2020
9 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
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||||||
|---|---|---|---|---|
|2020|2019|
|£|£|
|Depreciation|of fixed|assets|22,397|22,499|
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10 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Shaun Holt
Shaun Holt received remuneration of £29,835 (2019: £27,864) during the year. Gross Salary £26,562 (2019: £26,000);
Employer NI contributions £2,459 (2019: £2,407); Employer pension contributions £1,932 (2019: £1,864).
Clause 10.3 of the Charity's governing document allows a member of the Church Council (the trustees) to be employed by the charity.
No trustees have received any other benefits from the charity during the year.
11 Staff costs
The aggregate payroll costs were as follows:
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||||||
|---|---|---|---|---|
|2020|2019|
|£|£|
|Staff costs|during|the|year|were:|
|Wages|and|salaries|397,675|456,544|
|Social|security|costs|15,649|19,064|
|Pension|costs|8,009|8,971|
|421,333|484,579|
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Carlton Pentecostal Church
Notes to the Financial Statements for the Year Ended 31 December 2020
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
Employees
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2020 2019
No No
37 38
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28 (2019 - 28) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £8,009 (2019 - £8,971).
No employee received emoluments of more than £60,000 during the year
The total employee benefits of the key management personnel of the charity were £58,614 (2019 - £57,596).
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tangible fixed assets
| 13 Tangible fixed assets | ||||
|---|---|---|---|---|
| Land and | Furniture and | Motor | ||
| buildings | equipment | vehicles | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 January 2020 | 750,000 | 102,577 | 4,000 | 856,577 |
| Additions | - | 6,890 | - | 6,890 |
| At 31 December 2020 | 750,000 | 109,467 | 4,000 | 863,467 |
| Depreciation | ||||
| At 1 January 2020 | 270,000 | 60,654 | 3,700 | 334,354 |
| Charge for the year | 15,000 | 7,322 | 75 | 22,397 |
| At 31 December 2020 | 285,000 | 67,976 | 3,775 | 356,751 |
| Net book value | ||||
| At 31 December 2020 | 465,000 | 41,491 | 225 | 506,716 |
| At31December2019 | 480,000 | 41,923 | 300 | 522,223 |
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Carlton Pentecostal Church
Notes to the Financial Statements for the Year Ended 31 December 2020
14 Debtors
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Trade debtors | - | 2,933 |
| Prepayments | 1,076 | 1,760 |
| Other debtors | - | 2,931 |
| 1,076 | 7,624 | |
| 15 Creditors: amounts falling due within oneyear | ||
| 2020 | 2019 | |
| £ | £ | |
| Trade creditors | 2,190 | - |
| Other taxation and social security | 4,699 | 3,925 |
| Other creditors | 2,642 | 15,715 |
| Accruals | 1,740 | 1,740 |
| 11,271 | 21,380 |
16 Related party transactions
During the year the charity made the following related party transactions:
F Holt
(Daughter-in-law of D Holt)
Remuneration of £18,206. At the balance sheet date the amount due to/from F Holt was £Nil (2019 - £Nil).
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