2020-08-31-accounts - Sound Church

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			Page
Trustees'	report		1-7
Independent auditor's		report	8-9
Statement	offinancial	activities	to
Statement	offinancial	position
Statement	ofcash flows		12
Notes to the financial		statements	13-29

Address Book Numbers	527
Life Groups and Espressos	23
People attending small groups	229
People serving on teams	137

Number ofSalvations	Number ofSalvations	20
Compassions	kids Sponsored	72 children	mostly in Kenya
People staying	in Apartment	20
Presents Given Away		150hampers (35to refugees,
		60to young carers in the Summer,
		30to young carers at Chdstmas		+
		lots of hampers given to RUH)
		429 hand	creams &snack bars	to
		the NHS
TRC Hours of	Service Provision	36weeks	x3days =288xstaff
		members	x 14=4,032
Betsy Trained		41 training	events (28 events
		cancelled	due to covid )

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020	2020	2020	2019	2019	2019
	Notes		6	E
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Voluntary income		376,418	123,325	499,743	457,917	429,272	887,189
Charitable activities		24,911		24,911	22,223		22,223
Other trading activities		30,000		30,000	3,565		3,565
Investments		48		48	1,243		1,243
Other income		5,730		5,730	501		501
Total income		437,107	123,325	560,432	485,449	429,272	914,721
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Charitable activities		426,866	70,567	497,433	462,905	209,878	672,783
Other	13	694		694
Total resources
expended		427,560	70,567	498,127	462,905	209,878	672,783
Net incoming
resources before
transfers		9,547	52,758	62,305	22,544	219,394	241,938
Gross transfers
between funds	21	52,758	(52,758)		647,159	(647,159)
Net income for	the year/
Net movement	in funds	62,305		62,305	669,703	(427,765)	241,938
Fund balances at 1
September 2019		1,964,036		1,964,036	1,294,333	427,765	1,722,098
Fund balances	at 3'I
August 2020		2,026,341		2,026,341	1,964,036		1,964,036

				2020		2019
		Notes				6
Fixed assets
Intangible assets		14			444	889
Property, plant and equipment		15		4,263,414		4,254,169
				4,263,858		4,255,058
Current assets
Trade and other receivables		16		10,286		11,512
Cash at bank and in hand				28,469		30,120
				38,755		41,632
Current liabilities
Borrowings		17		20,967		52,859
Taxation and social security				5,260		4,381
Other payables				14,216		178,060
Deferred income				30,000		30,000
		18		70,443		265,300
Net current liabilities					(31,688)	(223,668)
Total assets less current liabilities				4,232,170		4,031,390
Non-current liabilities
Borrowings		17	2,088,894			1,920,419
Deferred income		19		116,935		146,935
				(2,205,829)		(2,067,354)
Net assets				2,026,341		1,964,036
Income funds
Unrestricted funds				2,026,341		1,964,036
				2,026,341		1,964,036
efinancial tements	were approved	by the Trustees on .~....~ fr~
Mr A M Ade Thierry			Mr J M	Needham
Trustee			Trustee
Company Registration	No. 03642766

					2020		2019
				Notes	6		6
Cash flows from operating			activities
Cash (absorbed by)/generated			from	24
operations						(105,902)	588,457
Investing	activities
Purchase	of property, plant	and equipment			(33,146)		(2,394,295)
Proceeds	on disposal ofproperty, plant
and equipment					766		17,607
Investment	income received				48		1,243
Net cash	used in investing		activities			(32,332)	(2,375,445)
Financing	activities
Proceeds	ofnew bank loans				181,000		1,995,000
Repayment	ofbank loans				(44,417)		(989,276)
Net cash generated from financing
activities						136,583	1,005,724
Net decrease In cash and		cash equivalents				(1,651)	(781,264)
Cash and	cash equivalents	at beginning		ofyear		30,120	811,384
Cash and	cash equivalents		at end of	year		28,469	30,120

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020f	2020f	2020 f.	2019 f	2019 f.	2019f
Donations	and	gifts	376,418	123,325	499,743	457,917	364,272	822.189
Grants receivable							65,000	65,000
			376,418	123,325	499,743	457,917	429,272	887,189
Donations	and gifts
Gift aid giving			205,444	67,464	272,908	237,500	191,725	429,225
Other regular		gifts	100,318	55,861	156,179	104,221	172,547	276,768
Tax refunds			70,656		70,656	116,196		116,196
			376,418	123,325	499,743	457,917	364,272	822,189

			2020	2019
				6
Sales of album and other Christian		resources	'899	1,089
Cafe			2,759	997
Youth work			1,053	937
.Charitable	rental income		20,200	19,200
			24,911	22,223

				Unrestricted	Unrestricted
				funds	funds
				2020	2019
				6	f
Rental	income	(Car	Park)	30,000	3,585

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
			6	8
	Interest receivable		48	1,243
7	Other Income
			2020	2019
	Net (loss)/gain	on disposals		501
	Job Retention	Scheme Grant	5,730
			5,730	501

			2020	2019
			5	f
Staff costs			170,503	177,622
Visitors accommodation		and costs		803
Pastoral expenses			3,423	7,231
Sunday venue hire				86,380
Sunday catering and	supplies		6,019	13,133
Youth work			5,753	10,608
Children's work			1,722	5,263
Events - Church weekend		away	1,735	60
Events - Other			10,516	6,306
Training and resources			6,182	10,068
Resources for resale	and	album costs	282	310
			206,135	317,784
Grant funding of activities		(see note 9)	65,376	109,415
Share ofsupport costs (see note 10)			179,607	173,660
Share ofgovernance	costs (see note 10)		46,315	71,924
			497,433	672,783
Analysis by fund
Unrestricted funds			426,866	462,905
Restricted funds			70,567	209,878
			497,433	672,783

		2020	2019
			F
Community Action (The Cupboard)		3,546	2,424
Gilead	Foundation	3,000	3,000
Hillsong		6,957	6,205
Hope for Justice		1,200	1,200
Sozo Ministries International		1,200	1,200
Trauma	Recovery Centre	19,979	69,972
Rebuild	the Pastors	11,162	10,667
Other		9,060	12,377
		56,104	107,045
Grants	to individuals	9,272	2,370
		65,376	109,415

Support costs
	Support	Governance	Total	Support	Governance	Total
	costs	costs	2020	costs	costs	2019
	f	f.		f	f	f
Staff costs		34,569	34,569		31,686	31,666
Depreciation	22,885		22,885	22,523		22,523
Meetings and stalf
welfare	1,456		1,456	7,223		7,223
Garage rent and storage	3,588		3,588	4,522		4,522
Building repairs and
maintenance	13,949		13,949	20,023		20,023
Church and office
equipment	4,048		4,048	14,896		14,896
Software, graphics and
IT	11,754		11,754	13,922		13,922
Printing, postage and
stationery	1,849		1,849	3,546		3,546
Telephone	2,876		2,876	4,760		4,760
Other office expenditure	3,959		3,959	7,242		7,242
Utilities	17,421		17,421	15,672		15,672
Insurance	7,224		7,224	5,591		5,591
Travel and
accomodation	314		314	2,230		2,230
Licenses and permits	657		657	652		652
Rates	14,960		14,960	5,480		5,480
Bank charges	3,010		3,010	3,733		3,733
Minibus	720		720	1,935		1,935
Dues and subscriptions	1,386		1,386	687		687
Loan interest	67,551		67,551	39,023		39,023
Legal and professional		4,606	4,606		33,118	33,118
Audit fee		4,620	4,620		4,620	4,620
Accountancy		2,520	2,520		2,520	2,520
	179,607	46,315	225,922	173,660	71,924	245,584
A~nal satLbebtieen
Charitable activities	179,607	46,315	225,922	173,660	71,924	245,584

Number ofe	mployees
The average	monthly	number	of full and	part time employees	during the year was:
						2020	2019
						Number	Number
Activities in furtherance		oforganisations		objects		12	11
Management	and administration					3	2
						15	13
Employment	costs					2020 E	2019f
Wages and salaries						189,840	191,749
Social security costs						9,936	12,093
Other pension costs						5,296	5,446
						205,072	209,286

				Unrestricted	Total
				funds
					6
				2020	2019
	Net loss on disposal oftangible		fixed assets	694
				694
14	Intangible fixed assets
					Trademarks
					6
	Cost
	At 1 September 2019and 31 August 2020				4,442
	Amortisation	and impairment
	At 1 September 2019				3,554
	Amortisation	charged for the year			444
	At 31August	2020			3,998
	Carrying amount
	At 31August	2020			444
	At 31August	2019			889

				Freehold	Fixtures,	Motor	Total
				property	fittings and	vehicle
				and land	equipment
				(part only)
				5
	Cost
	At 1 September 2019			4,207,497	223,768	12,500	4,443,765
	Additions			13,220	19,926		33,146
	Disposals				(3,841)		(3,841)
	At 31August	2020		4,220,717	239,853	12,500	4,473,070
	Depreciation	and impairment
	At 1 September 2019			33,490	143,904	12,203	189,597
	Depreciation	charged	in the year	3,491	18,875	74	22,440
	Eliminated in	respect	ofdisposals		(2,381)		(2,381)
	At 31August	2020		36,981	160,398	12,277	209,656
	Carrying amount
	At 31August	2020		4,183,736	79,455	223	4,263,414
	At 31August	2019		4,178,881	74,991	297	4,254,169
16	Trade and other receivables
						2020	2019
	Amounts falling due		within one year:			6	6
	Gift aid					5,575	8,883
	Other debtors					1,763	739
	Prepayments	and accrued income				2,948	1,890
						10,286	11,512

Borrowings	Borrowings
		2020f	2019 6
Bank loans		2,109,861	1,973,278
Payable	within one year	20,967	52,859
Payable	after one year	2,088,894	1,920,419
Amounts	included above which fall due aRer five years:
Payable	by instalments	1,550,216	1,455,958

			Notes	2020f	2019 6
Bankloans			17	20,967	52,859
Other taxation	and social security			5,260	4,381
Deferred income			19	30,000	30,000
Trade payables				7,076	168,505
Accruals and deferred		income		7,140	9,555
				70,443	265,300

					2020	2019
					6	6
Arising	from	car park rental			146,935	176,935
Deferred income is included			in the financial statements	as follows:
					2020	2019
					6	6
Current	liabilities				30,000	30,000
Non-current		liabilities			116,935	146,935
					146,935	176,935

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24	Cash generated from	operations	operations					2020	2019
									8
	Surplus for the year							62,305	241,938
	Adjustments for:
	Investment income recognised in statement				offinancial	activities		(48)	(1,243)
	Loss/(gain) on disposal	of property, plant		and equipment				694	(501)
	Depreciation and impairment of property,			plant and equipment				22,885	22,523
	Movements in working	capital:
	Decrease/(increase) in	trade and	other receivables					1,227	(5,687)
	(Decrease)/increase in	trade and	other payables					(162,965)	154,492
	(Decrease)/increase in	deferred	income					(30000)	17I8,935
	Cash (absorbed by)/generated		from operations					(105,902)	588,457
25	Analysis ofchanges	in net (debt)/funds
						At	1September 20t0	Cash flows	At 31August 2020
							6		8
	Cash at bank and in hand						30,120	(1,651)	28,469
	Loans falling due within	one year					(52,859)	31,892	(20,967)
	Loans falling due after	more than	one year				(1,920,419)	(168,475)	(2,088,894)
							(1,943,158)	(138,234)	(2,081,392)