**REGISTERED CHARITY NUMBER: 1072264**
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2020
for
Champions Church
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Champions Church
Contents of the Financial Statements for the Year Ended 31 December 2020
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|4|
|Independent Examiner's Report||5||
|Statement of Financial Activities||6||
|Statement of Financial Position||7||
|Notes to the Financial Statements|8|to|15|
|Detailed Statement of Financial Activities|16|to|17|
Champions Church
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Summary of objectives**
A summary of the objectives of the charity set out in the governing documents are as follows:
i. The advancement of the Christian Faith in accordance with the doctrines set out in the governing document and the worship of God by any means whatsoever.
ii. The relief of persons who are in conditions of need, hardship or who are aged or sick.
iii. The advancement of education on the basis of Christian principles.
## **Significant Activities**
Champions Church exists primarily to advance the Christian faith by the preaching and teaching of the bible as Gods word to mankind and as such teaches that each member is to worship God both corporately and individually by any means as an act of devotion to God.
Champions Church promotes that all men are equal before God and as such we are to share with all people in a practical way in order to alleviate hardship and distress without showing favouritism to anyone.
Champions Church provides opportunity to receive education based on Christian principles that will help them become better citizens and the opportunity to become champions for life.
During the year the Covid - 19 pandemic meant that the church building was closed for a significant period of the year. The church invested in further technology to be able to continue it's services, housegroups and other activities online. The church moved very quickly to fully live stream services which have continued throughout and are planned to continue into the future.
The levels of need within the local community increased dramatically during the pandemic and the church outreach programmes were expanded including the delivery of food/meals to well over 300 households each week.
By the end of 2020 church services had returned to 'in person' attendance but with reduced capacity, pre-registration required and Covid precautions. The live stream online services via, YouTube, the church website and facebook continue.
## **Social investments**
The church holds two sunday morning services to worship God and for bible teaching. The church youth ministry runs on a Friday evening and a further gathering for young adults takes place on a Sunday evening.
Other activities include a weekly Soup Kitchen, Outreach Team, mentoring schemes run in a number of local primary and secondary schools. Champions Crèche and Champions Kids run alongside the Sunday morning services.
As already outlined the Covid 19 pandemic dictated a significant shift in the way these activities were delivered.
## **Objectives for the year**
The church's objectives for the year are to regularly see people of all ages, background, race and culture brought to faith in Jesus Christ and regular attendance at the church through personal contact, advertising and promotion through community projects and website.
Page 1
Champions Church
for the Year Ended 31 December 2020
## Report of the Trustees
## **OBJECTIVES AND ACTIVITIES**
## **Grant making policies**
Grants are made to individuals and organisations based on the following criteria;
* Mission organisations that are personally known to the church and are accountable for the work they do.
* Individuals that are known to be in good standing within the church and who are deemed credible to receive training from outside the church for their Christian vocation.
* Areas within a 5 mile radius of Netherton that are known to be in deprivation and therefore in need of extra support through schemes such as the food bank.
* Individuals within the church community that are in need of financial assistance through hardship, distress or sickness.
During the year grants totalling £7,831 (2019: £9,622) were made to individuals and £6,793 (2019: £9,650) to institutions. Institution grants included Dream Center £6,793
## **Use of volunteers**
Champions Church believes in giving as many people the opportunity to serve within the church and community in order to give them a sense of purpose and belonging in restoring hope to the community and creating a team spirit within the church. Many activities rely on individuals who serve on a voluntary basis. Well over 300 individuals are involved in voluntary activities in relation to worship services and community activities during the week.
## **ACHIEVEMENT AND PERFORMANCE**
## **Fundraising activities**
The church gains the vast majority of it's income in donations from it's congregation.
## **Public benefit**
The charity trustees are satisfied that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Commission.
They consider that the activities detailed in the review of activities demonstrate public benefit.
## **FINANCIAL REVIEW**
## **Financial position**
The financial position of the Charity has strengthened during the year as giving has increased by
## **Principal funding sources**
The principle source of funding for the charity is tithes, offerings and donations from its congregation. The church also received Government support from the furlough scheme during the year. Expenditure has been primarily towards the advancement of the Christian faith.
## **Reserves**
At 31 December 2020 the charity had unrestricted funds totalling £1,686,733 (2019: £1,640,410) for use in achieving its objectives. the majority of these funds are tied up in the building and infrastructure of the church.
Restricted funds amounted to £458,522 (2019: £434,963)
Page 2
Champions Church
Report of the Trustees for the Year Ended 31 December 2020
## **FUTURE PLANS**
1. To promote the auditorium for conferences, presentations etc.
2. To continue fund raising for the phase 3 of the building to incorporate expanded catering and church offices
3. To increase the charity's circle of influence and effectiveness in meeting its aims and objectives by advertising to a wider audience during 2021 and 2022
4. To continue to expand our outreach programmes into the community
5. To continue to develop the growing schools work in the local area
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Charity is an unincorporated trust which is governed by it's Trust document
## **Organisational structure**
|Trustees:|For the ongoing running of the charity|
|---|---|
|Pastors support team:|For the ongoing vision, direction and disciplines of the church. Headed by senior pastor.|
|Pastoral team:|For the ongoing oversight of the church congregation with regard to pastoral issues.|
||Personal advice and counsel is given at this level.|
## **New trustees**
Recruitment of new trustees is from within the existing leadership of the church and is only open to those with a proven track record and credibility both within and outside the church.
The existing trustees discuss the nominations for the new trustees as put forward by the Senior Pastor. Counsel, with regard to the appointment of a new trustee may be sought from within the senior leadership of the church wherever necessary. Once approached, potential new trustees are given a period of time, set by the trustees, to consider the invitation. When a decision has been reached appropriate measures are taken to record and notify the relevant parties, including the charities commission.
The induction of new trustees takes place at the next meeting of the trustees where any information and training is given.
## **Related parties**
Related party transactions have taken place in the year, as detailed in note 17 to the accounts.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1072264
## **Principal address**
83/84 Cinder Bank Netherton Dudley West Midlands DY2 9
Page 3
Champions Church
Report of the Trustees for the Year Ended 31 December 2020
## **Trustees**
T Jackson M Burchell D Burchell (resigned 31.3.21) L Cartwright (resigned 31.3.21) N Mudenha (appointed 1.1.21)
## **Independent Examiner**
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
## **Bankers**
Lloyds Bank Plc 114-116 Colmore Row Birmingham B3 3DP
Approved by order of the board of trustees on 29 October 2021 and signed on its behalf by:
T Jackson - Trustee
Page 4
## Independent Examiner's Report to the Trustees of Champions Church
## **Independent examiner's report to the trustees of Champions Church**
I report to the charity trustees on my examination of the accounts of Champions Church (the Trust) for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable 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.
Altus Business Consulting Ltd Institute of Chartered Accountants in England and Wales Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
29 October 2021
Page 5
Champions Church
## Statement of Financial Activities
## for the Year Ended 31 December 2020
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Youth & Children
Bookshop
Coffee shop
Other departments
Events
Building hire
Community activities
**Total**
**EXPENDITURE ON**
**Charitable activities**
Youth & Children
Coffee shop
Other departments
Pastoral and ministry
Missions work
Events
Building hire
Community activities
Building Management Costs
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
458,690
2,394
-
7,820
677
2,973
150
2,608
475,312
3,182
4,955
1,070
278,965
16,675
2,977
-
15,117
106,048
428,989
46,323
1,640,410
1,686,733|Restricted
funds
£
55,273
-
-
-
-
-
-
-
55,273
-
-
-
-
-
-
-
-
31,714
31,714
23,559
434,963
458,522|31.12.20
Total
funds
£
513,963
2,394
-
7,820
677
2,973
150
2,608
530,585
3,182
4,955
1,070
278,965
16,675
2,977
-
15,117
137,762
460,703
69,882
2,075,373
2,145,255|31.12.19
Total
funds
£
562,156
4,869
2,689
20,965
2,874
39,328
2,790
3,145|
|---|---|---|---|---|
|||||638,816
5,735
15,257
2,829
295,642
25,326
38,809
550
8,529
167,873|
|||||560,550|
|||||78,266
1,997,107|
|||||2,075,373|
The notes on page 0 form part of these financial statements
Page 6
Champions Church
## Statement of Financial Position
## 31 December 2020
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Debtors
6
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
8
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
3,858,827
13,312
18,684
31,996
(123,801)
(91,805)
3,767,022
(2,080,289 )
1,686,733|Restricted
funds
£
444,729
-
13,793
13,793
-
13,793
458,522
-
458,522|31.12.20
Total
funds
£
4,303,556
13,312
32,477
45,789
(123,801)
(78,012)
4,225,544
(2,080,289 )
2,145,255
1,686,733
458,522
2,145,255|31.12.19
Total
funds
£
4,276,985
7,200
24,916
32,116
(100,932)
(68,816)
4,208,169
(2,132,796 )
2,075,373
1,640,410
434,963
2,075,373|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2021 and were signed on its behalf by:
T Jackson - Trustee
The notes on page 0 form part of these financial statements
Page 7
Champions Church
Notes to the Financial Statements for the Year Ended 31 December 2020
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
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.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance Motor vehicles - 20% on reducing balance
Only fixed assets costing in excess of £1,000 are capitalised and valued at historic cost. All other assets are written off directly to the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 8
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
## **1. ACCOUNTING POLICIES - continued**
## **Defined contribution pension schemes**
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
## **Irrecoverable vat**
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
|**TRUSTEES' REMUNERATION AND BENEFITS**|||
|---|---|---|
||31.12.20|31.12.19|
||£|£|
|Trustees' salaries|55,000|53,333|
|Trustees' social security|6,383|6,176|
|Trustees' pension contributions to money purchase schemes|1,313|-|
||62,696|59,509|
## **Trustees' expenses**
Travel and subsistence expenses of £400 (201: £2,100) was paid to one trustee during the year.
## **3. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **4.**
|Pastoral and ministry
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
467,479
**Charitable activities**
Youth & Children
4,869
Bookshop
2,689
Coffee shop
20,965
Other departments
2,874
Events
39,328
Building hire
2,790
Community activities
-
**Total**
540,994|31.12.20
7
Restricted
funds
£
94,677
-
-
-
-
-
-
3,145
97,822|31.12.19
7
Total
funds
£
562,156
4,869
2,689
20,965
2,874
39,328
2,790
3,145|31.12.19
7
Total
funds
£
562,156
4,869
2,689
20,965
2,874
39,328
2,790
3,145|
|---|---|---|---|
||||638,816|
continued...
Page 9
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**EXPENDITURE ON**
**Charitable activities**
Youth & Children
Coffee shop
Other departments
Pastoral and ministry
Missions work
Events
Building hire
Community activities
Building Management Costs
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**5.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2020
Additions
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|Freehold
property
£
4,200,433
23,088
4,223,521
-
-
-
4,223,521
4,200,433||Unrestricted
funds
£
5,735
15,257
2,829
295,642
25,326
38,809
550
7,229
83,789
475,166
65,828
1,574,582
1,640,410
Fixtures
and
fittings
£
226,532
24,264
250,796
152,115
20,248
172,363
78,433
74,417||Restricted
funds
£
-
-
-
-
-
-
-
1,300
84,084
85,384
12,438
422,525
434,963
Motor
vehicles
£
18,575
-
18,575
16,440
533
16,973
1,602
2,135||Total
funds
£
5,735
15,257
2,829
295,642
25,326
38,809
550
8,529
167,873|
|---|---|---|---|---|---|---|---|
||||||||560,550|
||||||||78,266
1,997,107|
||||||||2,075,373|
||||||||Totals
£
4,445,540
47,352
4,492,892
168,555
20,781
189,336
4,303,556
4,276,985|
|||||||||
|||||||||
|||||||||
|||||||||
|||||||||
continued...
Page 10
Champions Church
|Notes to the Financial Statements-continued
for the Year Ended 31 December 2020
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 9)
Finance leases (see note 10)
Taxation and social security
Other creditors
**8.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 9)
Other creditors
**9.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loan
Congregational Loans
Amounts falling between one and two years:
Bank loan
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
Repayable otherwise than by instalments:
Congregational Loans|31.12.20
£
13,312
31.12.20
£
60,029
11,907
2,116
49,749
123,801
31.12.20
£
1,977,056
103,233
2,080,289
31.12.20
£
60,029
33,600
93,629
60,029
180,087
1,736,940
103,233|31.12.19
£
7,200
31.12.19
£
54,866
-
6,131
39,935
100,932
31.12.19
£
2,002,363
130,433|31.12.19
£
7,200
31.12.19
£
54,866
-
6,131
39,935|
|---|---|---|---|
||||100,932|
|||2,132,796||
|||31.12.19
£
54,866
33,000||
|||87,866||
|||60,029||
|||191,265||
|||1,751,069
130,433||
continued...
Page 11
Champions Church
## Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
## **10. LEASING AGREEMENTS**
Minimum lease payments under finance leases fall due as follows:
|||Finance|leases|
|---|---|---|---|
|||31.12.20|31.12.19|
|||£|£|
||Net obligations repayable:|||
||Within one year|11,907|-|
|**11.**|**SECURED DEBTS**|||
||The following secured debts are included within creditors:|||
|||31.12.20|31.12.19|
|||£|£|
||Bank loans|2,037,085|2,057,229|
The bank loan is secured by a legal charge over the land and buildings known Champions Church at Cinderbank, Netherton, Dudley, West Midlands.
## **12. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Building fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Building fund
**TOTAL FUNDS**|At 1.1.20
£
1,640,410
434,963
2,075,373
Incoming
resources
£
475,312
55,273
530,585||Net
movement
in funds
£
46,323
23,559
69,882
Resources
expended
£
(428,989)
(31,714)
(460,703)|At
31.12.20
£
1,686,733
458,522|At
31.12.20
£
1,686,733
458,522|
|---|---|---|---|---|---|
|||||2,145,255||
|||||Movement
in funds
£
46,323
23,559
69,882||
||||||69,882|
continued...
Page 12
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
## **12. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|At 1.1.19
£
**Unrestricted funds**
General fund
1,574,582
**Restricted funds**
Building fund
422,525
Community Fund
-
422,525
**TOTAL FUNDS**
1,997,107
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
540,994
**Restricted funds**
Building fund
94,677
Community Fund
3,145
97,822
**TOTAL FUNDS**
638,816||Net
movement
in funds
£
65,828
10,593
1,845
12,438
78,266
Resources
expended
£
(475,166)
(84,084)
(1,300)
(85,384)
(560,550)|At
31.12.19
£
1,640,410
433,118
1,845|At
31.12.19
£
1,640,410
433,118
1,845|
|---|---|---|---|---|
||||434,963||
||||2,075,373||
||||Movement
in funds
£
65,828
10,593
1,845
12,438
78,266||
|||||12,438|
|||||78,266|
continued...
Page 13
Champions Church
## Notes to the Financial Statements - continued for the Year Ended 31 December 2020
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Building fund
Community Fund
**TOTAL FUNDS**|At 1.1.19
£
1,574,582
422,525
-
422,525
1,997,107|Net
movement
in funds
£
112,151
34,152
1,845
35,997
148,148|At
31.12.20
£
1,686,733
456,677
1,845|
|---|---|---|---|
||||458,522|
||||2,145,255|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,016,306|(904,155)|112,151|
|**Restricted funds**||||
|Building fund|149,950|(115,798)|34,152|
|Community Fund|3,145|(1,300)|1,845|
||153,095|(117,098)|35,997|
|**TOTAL FUNDS**|1,169,401|(1,021,253 )|148,148|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2020.
continued...
Page 14
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
## **14. OTHER LOANS**
The loans from congregation members represent amounts from three members of the congregation. These loans have no interest. One loan will be fully repaid within one year, one has a repayment schedule over 3 years and one has no repayment date.
Page 15
Champions Church
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2020|||
|---|---|---|
||31.12.20|31.12.19|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Building donations|55,275|94,678|
|Church donations|382,699|401,925|
|Gift aid refunds|61,974|65,553|
|Grants|14,015|-|
||513,963|562,156|
|**Charitable activities**|||
|Youth & Children's|2,394|4,869|
|Bookshop|-|2,689|
|Coffee shop|7,820|20,965|
|Other departments income|677|2,874|
|Events|2,973|39,328|
|Building hire|150|2,790|
|Community activities|2,608|3,145|
||16,622|76,660|
|**Total incoming resources**|530,585|638,816|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Trustees' salaries|55,000|53,333|
|Trustees' social security|6,383|6,176|
|Trustees' pension contributions|1,313|-|
|Wages|146,536|141,260|
|Social security|10,900|8,049|
|Pensions|1,599|2,933|
|Youth & Children|3,182|5,735|
|Coffee shop|4,955|15,257|
|Other departments|1,070|2,829|
|Events|2,977|38,809|
|Building hire|-|550|
|Community activities|15,117|8,529|
|Service Costs|16,028|9,566|
|Grants to institutions|6,793|9,650|
|Grants to individuals|9,882|16,977|
||281,735|319,653|
This page does not form part of the statutory financial statements
Page 16
Champions Church
## Detailed Statement of Financial Activities for the Year Ended 31 December 2020
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2020|||
|---|---|---|
||31.12.20|31.12.19|
||£|£|
|**Support costs**|||
|**Management**|||
|Equipment hire|11,016|20,882|
|Rates and water|3,426|3,183|
|Light and heat|21,535|19,735|
|Advertising|3,032|9,726|
|Rent|6,623|8,365|
|Repairs and maintenance|13,510|16,334|
|Insurance|14,376|15,290|
|Motor and travelling costs|1,454|30,290|
|Legal and professional fees|-|544|
|Other office expenses|23,068|25,896|
|Depreciation and impairment|20,782|21,389|
||118,822|171,634|
|**Governance costs**|||
|Auditors' remuneration|-|2,000|
|Bank Charges|2,636|4,568|
|Mortgage|57,510|62,695|
||60,146|69,263|
|Total resources expended|460,703|560,550|
|**Net income**|69,882|78,266|
This page does not form part of the statutory financial statements
Page 17