OpenCharities

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2021-04-01-accounts

Pages
Trustees'
Annual
Report
Independent
Examiner's
Report
Statement of Financial
Activities
Balance Sheet 5to 5
Statement ofCash flows
Notes to the Accounts 6to11
Detailed Statement of Financial Activities

Statement o
for the year		 fFinancial Activit
ended 31March		 ies
2020
Unrestricte
d funds Total funds Total funds
2020 2020 2019
Notes E E f
Income and endowments
from:
Donations and legacies 30,857 30,857 41,084
Total 30,&57 30,857 41,084
Expenditure on:
Charitable activities 4,283 4,283 6,717
Other 26,210 26,210 25,780
Total 30,493 30,493 32,497
Net gains on investments
Net income 364 364 8,587
Transfers between funds
Net income
gains/(losses)		 before other 364 364 8,587
Other gains and losses
Net movement
in funds		 364 364 8,587
Reconciliation
offunds:
Total funds brought forward 127,129 127,129 118,542
Total funds carried forward 127,493 127,493 127,129
Bethel Temple ofChrist
Balance Sheet
at 31March 2020		 Bethel Temple ofChrist
Balance Sheet
at 31March 2020
Charity No. 1076102 2020 2019
f f
Fixed assets
Tangible assets 8 235,408 240,378
235,408 240,378
Current assets
Debtors 867 933
Cash at bank and in hand 7,631 10,578
8,498 11,511
Creditors: Amount falling due within one year 10 (8,963) (8,927)
Net current (liabilities)/assets (465) 2,584
Total assets less current liabilities 234,943 242,962
Creditors: Amounts falling due after more than one year 11 (107,450) (115,833)
Net assets excluding pension asset or liability 127,493 127,129
Total net assets 127,493 127,129
The funds ofthe charity
Restricted funds 12
Unrestricted
funds		 12
General funds 127,493 127,129
127,493 127,129
Reserves 12
Total funds 127,493 127,129

last year and no chan last year and no chan last year and no chan last year and no chan ges have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion ofthe trustees in furtherance of the
general objects ofthe charity.
Designated funds These are unrestricted
funds earmarked
by the trustees		 for particular
purposes.
Revaluation funds These are unrestricted
funds which include a revaluation		 reserve representing the
restatement
of investment
assets at their market values.
Restricted funds These are available for use subject to restrictions
imposed		 by the donor or through
terms ofan appeal.
Income
Recognition of Income is included
in the Statement of Financial Activities		 (SoFA) when the charity
income becomes entitled to, and virtually
certain to receive, the		 income and the amount of
the income can be measured
with sufficient
reliability.
Income with related Where income has related expenditure
the income and		 related expenditure is
expenditure reported
gross in the SoFA.
Donations and Voluntary
income received
by way ofgrants, donations		 and gifts is included in the
legacies the SoFA when receivable
and
only when the Charity has		 unconditional
entitlement
to the income.
Tax reclaims on Income from tax reclaims
is included
in the SoFA at the		 same time as the
donations and gifts gift/donation
to which it relates.
Donated services These are only included
in income (with an equivalent
amount
in expenditure)
and facilities where the benefit to the Charity
is reasonably
quantifiable,		 measurable and
material.
Volunteer help The value ofany volunteer
help received
is not included		 in the accounts.
Investment income This is included
in the accounts when receivable.
Gains/(losses) on This includes
any gain or loss resulting
from revaluing
investments
to market		 value
revaluation of fixed at the end ofthe year.
assets
Gains/(losses) on This includes
any gain or loss on the sale of investments.
investment assets

2 Statement o f Financial Activities - prior year
Unrestricted
funds Total funds
2019 2019
Income and endowments from:
Donations and legacies 41,084 41,084
Total 41,084 41,084
Expenditure
on:
Charitable activities 6,717 6,717
Other 25,779 25,779
Total 32,496 32,496
Net income 8,588 8,588
Net income before other
gains/(losses)		 8,588 8,588
Other gains and losses:
Net movement in funds 8,588 8,588
Reconciliation offunds:
Total funds brought forward 118,542 118,542
Total funds carried forward 127,130 127,130
3 Income from donations and legacies
Unrestricted Total Total
2020 2019
30,857 30,857 41,084
30,857 30,857 41,084
4 Expenditure on charitable activities
Unrestricted Total Total
2020 2019
Expenditure on charitable
activities
Donations 711 711 1,482
Events and travel 3,572 3,572 5,235
Governance costs
4,283 4,283 6,717

5 Other expen diture
Unrestricted Total Total
2020 2019
Bank loan and overdraft
interest payable 3,352 3,352 3,165
Premises costs 12,340 12,340 11,212
Amortisation, depreciation,
impairment, profit/loss on 5,799 5,799 6,022
disposal offixed assets
General administrative costs 3,899 3,899 4,447
Legal and professional costs 820 820 934
26,210 26,210 25,780
6 Net income before transfers
2020 2019
This is stated after charging: f f
Depreciation ofowned fixed assets 5,799 6,022
7 Staff costs
No employee received emoluments in excess off60,000.
8 Tangible fixed assets
Land and Fixtures L
Total
buildings Fittings
Cost or revaluation
At 1April 2019 292,546 50,807 343,353
Additions 829 829
At 31March 2020 292,546 51,636 344,182
Depreciation and
impairment
At 1April 2019 56,629 46,346 102,975
Depreciation charge for the 4,718 1,081 5,799
year
At 31March 2020 61,347 47,427 108,774
Net book values
At 31March 2020 231,199 4,209 235,408
At 31March 2019 235,917 4,461 240,378
9 Debtors
2020 2019
f f
Prepayments and accrued income 867 933
867 933

10 Creditors:
amounts falling due within one year
2020 2019
f f
Bank loans and overdrafts 7,593 7,593
Accruals and deferred income 1,370 1,334
8,963 8,927
11 Creditors:
amounts falling due after more than one year
2020 2019
f f
Bank loans and overdrafts 107,450 115,833
107,450 115,833
12 Movement in funds
Incoming
resources At 31
(including Resources March
At 1April other
gains/losses		 expended 2020
2019 )
f
Restricted funds:
Unrestricted funds:
General funds 127,129 30,857 (30,493) 127,493
Revaluation Reserves:
Total funds 127,129 30,857 (30,493) 127,493
13 Analysis of net assets between funds
Unrestricted
Total
funds
f f
Fixed assets 235,408 235,408
Net current assets (465) (465)
Creditors
provisions		 due in more than one year and (107,450) (107,450)
127,493 127,493

el Temple ofChrist
es tothe Accounts
Reconciliation
ofnet debt
At 31
At 1April March
2019 Cash flows 2020
f f f
Cash and cash equivalents 10,578 (2,947) 7,631
10,578 (2,947) 7,631
Bank loans (123,426) 8,383 (115,043)
(123,426) 8,383 (115,043)
Net debt (112,848) 5,436 (107,412)