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|---|---|---|---|
|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)||
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||||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|
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|||||||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|
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||||||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|
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||||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|
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|4|investments|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2020|2019|
|||E|F|
||Interest receivable|977|1,790|
##
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|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|
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|||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|
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|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|
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|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|
##
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|||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|
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|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|
##
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|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)|
##
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|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|