| Page | |||
|---|---|---|---|
| Trustees' | Annual report |
1-12 | |
| Independent auditor's report |
13-15 | ||
| Statement | offinancial activities |
16 | |
| Statement | offinancial position |
17 | |
| Statement | ofcash flows | 18 | |
| Notes to the financial statements | 19 - 30 | ||
| Financial | activities for Care Centre Fund | 31 - 33 | |
| (Appendix | not being part ofthe audited | financial statements) |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2020 | funds | funds | 2019 | |||
| Notes | 6 | 6 | 6 | 6 | ||||
| ~lco~ri2m: | ||||||||
| Donations and legacies |
871,843 | 456,765 | 1,328,608 | 821,554' | 277,915 | 1,099,469 | ||
| Charitable activities |
11,979 | 133 | 12,112 | 27,265 | 471 | 27,736 | ||
| Other trading activities |
3,197 | 3,197 | 2,061 | 109 | 2,170 | |||
| Investments | 977 | 977 | 1,790 | 1,790 | ||||
| Total income | 887,996 | 456,898 | 1,344,894 | 852,670 | 278,495 | 1,131,165 | ||
| ~E | ||||||||
| Charitable activities |
5 | 823,441 | 267,112 | 1,090,553 | 798,044 | 327,461 | 1,125,505 | |
| Net income before transfers | 64,555 | 189,786 | 254,341 | . 54,626 | (48,966) | 5,660 | ||
| Gross transfers between |
funds | 102,200 | (102,200) | |||||
| Net income for the year/ | ||||||||
| Net movement in funds |
64,555 | 189,786 | 254,341 | 156,826 | (151,166) | 5,660 | ||
| Total funds brought forward |
3,319,695 | 227,205 | 3,546,900 | 3,162,869 | 378,371 | 3,541,240 | ||
| Total funds carried forward | 3,384,250 | 416,99i1 | 3,801,241 | 3,319,695 | 227,205 | 3,546,900 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | E | ||||||
| Fixed assets | ||||||||
| Tangible assets | 3,858,222 | 3,905,316 | ||||||
| Current assets | ||||||||
| Stocks | 9 | 3,931 | 3,750 | |||||
| Debtors | 10 | 27,838 | 18,798 | |||||
| Cash at bank and | in | hand | 790,129 | 517,278 | ||||
| 821,898 | 539,826 | |||||||
| Creditors: | amounts | falling due within | 11 | |||||
| one year | (62,971) | (79,050) | ||||||
| Net current | assets | 758,927 | 460,776 | |||||
| Total assets less | current | liabilities | 4,617,149 | 4,366,092 | ||||
| Creditors: | amounts | falling due after | 12 | |||||
| more than | one year | (815,908) | (819,192) | |||||
| Net assets | 3,801,241 | 3,546,900 | ||||||
| Income funds | ||||||||
| Restricted | funds | 15 | 416,991 | 227,205 | ||||
| Unrestricted | funds | |||||||
| Designated | funds | 16 | 3,008,344 | 3,041,383 | ||||
| General unrestricted |
funds | 375,902 | 278,308 | |||||
| Members' guarantee |
reserve | 4 | 4 | |||||
| 3,384,250 | 3,319,695 | |||||||
| 3,801,241 | 3,546,900 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | F | |||||||
| Restated | ||||||||
| Cash flows from operating | activities | |||||||
| Net cashflow from operations | 22 | 356,654 | 140,561 | |||||
| Investing | activities | |||||||
| Purchase | of tangible fixed |
assets | (32,549) | (102,200) | ||||
| Interest received | 977 | 1,790 | ||||||
| Net cash | used in investing | activities | (31,572) | (100,410) | ||||
| Financing | activities | |||||||
| Repayment | of borrowings | (894,055) | (44,116) | |||||
| Proceeds | of new bank loans | 867,250 | ||||||
| Interest on financing | (25,426) | (27,839) | ||||||
| Net cash | used in financing | activities | (52,231) | (71,955) | ||||
| Net increase/(decrease) | in | cash and | cash | |||||
| equivalents | 272,851 | (31,804) | ||||||
| Cash and | cash equivalents | at beginning | ofyear | 517,278 | 549,082 | |||
| Cash and | cash equivalents | at end of | year | 790,129 | 517,278 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2020 | 2019 | |||
| Donations | under | Gift Aid | 497,119 | 59,653 | 556,772 | 457,666 |
| Grants | 41,353 | 41,353 | ||||
| Gift Aid recoverable | 124,511 | 15,173 | 139,684 | 114,416 | ||
| Other donations | 208,860 | 381,939 | 590,799 | 527,387 | ||
| 871,843 | 456,765 | 1,328,608 | 1,099,469 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2020 F |
2020 | 2020 F |
2019 E |
2019 | 2019f | |||
| Income | from | building | ||||||
| hire | 3,197 | 3,197 | 2,061 | 109 | 2,170 |
| 4 | investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2020 | 2019 | ||
| E | F | ||
| Interest receivable | 977 | 1,790 |
| Expenditure | on charitable activities |
|||||||
|---|---|---|---|---|---|---|---|---|
| Bookshop | Services & | Discipleship | Community | Care Centre | Total | Total | ||
| Events | &Pastoral | 2020 | 2019 | |||||
| f | 6 | 6 | ||||||
| Depreciation | and impairment | 63,751 | 13,859 | 4,620 | 10,163 | 92,393 | 87,773 | |
| Goods for re-sale | 3,683 | 3,683 | 8,108 | |||||
| Sunday Services | 19,607 | 19,607 | 26,682 | |||||
| Worship | 2,587 | 2,587 | 3,143 | |||||
| Evangelism | 1,172 | 219 | 1,391 | 6,254 | ||||
| Training and |
education | 9,170 | 9,170 | 14,495 | ||||
| Pastoring | 1,163 | 1,163 | 6,976 | |||||
| Mission | 30,498 | 30,498 | 28,198 | |||||
| Community | committed | 42,610 | 42,610 | 32,111 | ||||
| Communtty | discretionary | 10,894 | 235,000 | 245,894 | 221,212 | |||
| Wages and | salaries | 649 | 224,616 | 178,269 | 29,278 | 56,556 | 489,368 | 447,782 |
| Other staff costs | 13,221 | 7,211 | 1,202 | 2,404 | 24,038 | 27,450 | ||
| Premises | 35,585 | 7,736 | 2,579 | 5,672 | 51,572 | 83,272 | ||
| Office | 18,871 | 10,293 | 1,716 | 3,430 | 34,310 | 37,115 | ||
| Public relations | 6,083 | 2,808 | 187 | 281 | 9,359 | 12,182 | ||
| Professional | fees | 4,117 | 2,245 | 374 | 748 | 7,484 | 8,298 | |
| Consultancy | 11,700 | |||||||
| Interest payable | 17,543 | 5,341 | 2,542 | 25,426 | 26,100 | |||
| 4,332 | 407,153 | 238,095 | 126,500 | 314,473 | 1,090,553 | 1,088,851 | ||
| Analysis by fund |
||||||||
| Unrestricted | funds | 4,332 | 407,020 | 238,095 | 124,000 | 49,994 | 823,441 | 798,044 |
| Restricted funds | 133 | 2,500 | 264,479 | 267,112 | 327,461 | |||
| 4,332 | 407,153 | 238,095 | 126,500 | 314,473 | 1,090,5531,125,505 |
| Support costs included | Support costs included | above were as follows: | ||||||
|---|---|---|---|---|---|---|---|---|
| ServicesDiscipleship | Community | Care Centre | Total 2020 | Total 2019 | ||||
| &Events | & Pastoral | |||||||
| 8 | ||||||||
| Governance | 4,199 | 2,290 | 382 | 763 | 7,634 | 8,872 | ||
| Finance | 1,453 | 793 | 132 | 264 | 2,642 | 2,381 | ||
| Information | technology | 9,200 | 5,018 | 836 | 1,673 | 16,727 | 16,247 | |
| Other | 8,439 | 4,603 | 767 | 1,534 | 15,343 | 17,315 | ||
| 23,291 | 12,704 | 2,117 | 4,234 | 42,346 | 44,815 |
| 2020 | 2019 | ||
|---|---|---|---|
| Direct charitable work |
8 | 7 | |
| Management | and administration | 7 | 7 |
| 15 | 14 | ||
| 2020 | 2019 | ||
| E | |||
| Wages and salaries | 438,248 | 400,357 | |
| Social security | costs | 34,550 | 33,023 |
| Pension costs | 16,570 | 14,402 | |
| 489,368 | 447,782 |
| Salary | Pension | 2020 | 2019 | |
|---|---|---|---|---|
| Mr M Helvadjian | 71,400 | 2,856 | 74,256 | 72,150 |
| Other key management | 31,824 | 1,273 | 33,097 | 32,376 |
| 103,224 | 4,129 | 109,373 | 106,545 |
| 8 | Tangible fixed assets | Tangible fixed assets | Tangible fixed assets | ||||
|---|---|---|---|---|---|---|---|
| Freehold | Plant and | Fixtures, | Total | ||||
| buildings | machinery | fittings & |
|||||
| equipmentf | |||||||
| Cost | |||||||
| At 1 January |
2020 | 4,560,972 | 92,546 | 135,076 | 4,788,594 | ||
| Additions | 12,750 | 32,549 | 45,299 | ||||
| At 31 December 2020 | 4,573,722 | 125,095 | 135,076 | 4,833,893 | |||
| Depreciation | and impairment | ||||||
| At 1 January | 2020 | 660,647 | 89,777 | 132,854 | 883,278 | ||
| Depreciation | charged | in the year | 79,462 | 10,709 | 2,222 | 92,393 | |
| At 31 December 2020 | 740,109 | 100,486 | 135,076 | 975,671 | |||
| Carrying amount |
|||||||
| At 31 December 2020 | 3,833,613 | 24,609 | 3,858,222 | ||||
| At 31 December 2019 | 3,900,325 | 2,769 | 2,222 | 3,905,316 | |||
| 9 | Stocks | 2020 f |
2019f | ||||
| Books | 3,931 | 3,750 | |||||
| 10 | Debtors | ||||||
| Amounts falling due |
within one year: | 2020 f |
2019f | ||||
| Gift aid recoverable | 13,285 | 9,871 | |||||
| Other debtors | 28 | ||||||
| Prepayments | and accrued income | 14,553 | 8,899 | ||||
| 27,838 | 18,798 | ||||||
| 11 | Creditors: amounts | falling due within one year | |||||
| 2020f | 2019f | ||||||
| Loans | 33,970 | 44,741 | |||||
| Other taxation | and social security | 9,477 | 8,433 | ||||
| Other Creditor | 572 | 2,354 | |||||
| Accruals and | deferred | income | 18,952 | 23,522 | |||
| 62,971 | 79,050 |
| Creditors: amounts falling due aft |
er more than one year | ||
|---|---|---|---|
| Notes | 2020 | 2019f | |
| Loans | 815,908 | 819,192 |
under non-cancellable operating leases, which fall due a |
s follows: |
|
|---|---|---|
| 2020 | 2019 | |
| E. | ||
| Within one year | 3,889 | 3,889 |
| Between two and five years | 2,930 | 6,819 |
| 6,819 | 10,708 |
| 14 | Analysis of net assets between | Analysis of net assets between | funds | ||||
|---|---|---|---|---|---|---|---|
| Restricted | Designated | Unrestricted | Members' | Total | |||
| Funds | Funds | Funds | Guarantee | ||||
| Reserve | |||||||
| Fund balances at 31 | December | ||||||
| 2020 are represented | by: | ||||||
| Tangible assets | 3,858,222 | 3,858,222 | |||||
| Current assets/(liabilities) | 416,991 | (33,970) | 375,902 | 4 | 758,927 | ||
| Non-current liabilities |
(815,908) | (815,908) | |||||
| 416,991 | 3,008,344 | 375,902 | 4 | 3,801,241 |
| Balance at | Transfers | Balance at | ||
|---|---|---|---|---|
| 1 January 2020 |
31 December | |||
| 2020 | ||||
| F | ||||
| Building | fund | 3,036,392 | (52,657) | 2,983,735 |
| Fixed asset fund | 4,991 | 19,618 | 24,609 | |
| 3,041,383 | (33,039) | 3,008,344 |
| Net cashflow from | operations | operations | 2020 | 2019 | |
|---|---|---|---|---|---|
| K | |||||
| Net income for the | year | 254,341 | 5,660 | ||
| Adjustments for: |
|||||
| Investment income |
(977) | (1,790) | |||
| Depreciation and impairment of tangible |
fixed assets | 92,393 | 87,773 | ||
| Interest on financing | 25,426 | 27,839 | |||
| Movements in working |
capital: | ||||
| (Increase)/decrease | in | stocks | (181) | 617 | |
| (Increase)/decrease | in | debtors | (9,040) | 10,236 | |
| (Decrease)/increase | in | creditors | (5,308) | 10,226 | |
| Net cashflow from | operations | 356,654 | 140,561 |
| 23 | Analysis | ofchanges | ofchanges | in net (debt)/funds | ||||
|---|---|---|---|---|---|---|---|---|
| At 1 January | Cash flows | Other non-cash | At 31 December | |||||
| 2020 E |
f | changes f |
2020 | |||||
| Cash at | bank and in hand |
517,278 | 272,851 | 790,129 | ||||
| Borrowings | due within | one year | (44,741) | 10,771 | (33,970) | |||
| Borrowings | due after | more than one year | (819,192) | 16,034 | (12,750) | (815,908) | ||
| (346,655) | 299,656 | (12,750) | (59,749) |
| OR THE YEAR END | ED 32 DECEMBER2020 | ||
|---|---|---|---|
| 2020 | 2019 | ||
| E | E | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Value of donated FEED items |
224,819 | 194,530 | |
| Donations under Gift Aid |
50,371 | 10,770 | |
| Gift Aid recoverable | 12,593 | 2,692 | |
| Other donations and grants |
|||
| Care Centre | 153,108 | 14,678 | |
| Refuel | 690 | 471 | |
| KIT | 50 | ||
| Total incoming resources |
441,581 | 223,191 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Value ofdonated FEED items |
224,819 | 194,530 | |
| Salaries | 31,331 | 23,800 | |
| FEED costs | 5,736 | 797 | |
| Refuel costs | 1,909 | 1,053 | |
| KITcosts | 684 | ||
| Total resources expended | 264,479 | 220,180 | |
| Net income | 177102 | 3011 | |
| MOVEMENT IN FUND |
|||
| Care Centre Fund brought |
forward | 44,934 | 41,923 |
| Movement in fund |
177102 | 3011 | |
| Care Centre Fund carried | forward | 222 033 | 44 934 |