2020-12-31-accounts - Wirral Churches' Ark Project

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Trustees		Dr I J Cubbin
		Mr N LJones
		Mr PAshley-Mudie
		Mr M Godfrey
		Ms GA Ferris
		Mr A D Roberts
		Mr I L Roughley
Secretary		M Grundy
Charity number		1079070
Company	number	3896833
Registered	office	7 Sidney Street
		Birkenhead
		Merseyside
		CH41 1BF
Auditor		McLintocks (NVi/) Limited
		46 Hamilton Square
		Birkenhead
		Wirral
		Merseyside
		CH41 5AR

		Page
Trustees' report		1-6
Statement oftrustees'	responsibilities
Independent auditor's	report	8 - 11
Statement offinancial	activities	12-13
Balance sheet		14
Statement ofcash flows		16
Notes to the financial	statements	17-33

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
	Notes	2020 6	2020 f	2020 6	2019	2019f	2019 6
Ittggttte fromr
Donations, legacies
and grants		138,367	271,760	410,127	51,308	110,281	161,589
Charitable activities
Mary Cole House		333,662	259,877	593,539	315,340	256,077	571,417
Housing Support		291,707	52,665	344,372	213,656	51,166	264,822
Projects		1,354	38,803	40,157	2,079	10,182	12,261
Other trading activities		10,132		10,132	12,095	22,520	34,615
Investments		804		804	1,394		1,394
Total income		776,026	623,105	1,399,131	595,872	450,226	1,046,098
~Edrt
Raising funds		92,954	30,000	122,954	909	54,938	55,848
Charit le 'vi ies
Mary Cole House		491,766	281,893	773,659	456,301	295,984	752,285
Housing Support		250,654	86,040	336,694	167,387	91,131	258,518
Projects		40,826	92,473	133,299	25,737	50,165	75,902
Total charitable	expenditure	783,246	460,406	1,243,652	649,425	437,280	1,086,705
Total resources
expended		876,200	490,406	1,366,606	650,334	492,218	1,142,553

Net (outgoing)l
incoming resources
before transfers		(100,174)	132,699	32,525	(54,462)	(41,992)	(96,455)
Gross transfers
between funds		50,432	(50,432)		159,774	(159,774)
Net (expenditure)/income
forthe year/
Net movement	in funds	(49,742)	82,267	32,525	105,312	(201,766)	(96,455)
Fund balances at 1
January 2020		886,844	819,184	1,706,028	781,531	1,020,952	1,802,483
Fund balances	at 31
December 2020		837,102	901,451	1,738,553	886,843	819,184	1,706,028

			2020		2019
		Notes	f		6
Fixed assets
Tangible assets		13		1,444,643		1,438,980
Current assets
Debtors		14	109,966		168,142
Cash at bank and in	hand		565,540		418,487
			675,506		586,629
Creditors: amounts	falling due within
one year		15	(215,763)		(319,581)
Net current assets				459,743		267,048
Total assets less current liabilities				1,904,386		1,706,028
Creditors: amounts	falling due after
more than one year		16		(165,833)
Net assets				1,738,553		1,706,028
Income funds
Restricted funds		20		901,451		819,184
Unrestricted funds				837,102		886,844
				1,738,553		1,706,028

			2020		2019
		Notes	6		6
Fixed assets
Tangible assets		13		1,444,643		1,438,980
Current assets
Debtors		14	109,516		168,142
Cash at bank and in	hand		489,960		418,487
			599,476		586,629
Creditors: amounts	falling due within
one year		15	(214,998)		(319,581)
Net current assets				384,478		267,048
Total assets less current liabilities				1,829,121		1,706,028
Creditors: amounts	falling due after
more than one year				(45,833)
Net assets				1,783,288		1,706,028
Income funds
Restricted funds		20		901,451		819,184
Unrestricted funds				881,837		886,844
				1,783,288		1,706,028

						2020		2019
					Notes	f		6
Cash flows from operating			activities
Cash generated from operations					28		75,855		215
Investing	activities
Purchase	oftangible fixed assets					(99,606)
Investment	income received					804		1,394
Net cash	(used in)/generated		from
investing	activities						(98,802)		1,394
Financing	activities
Proceeds	of new loan					120,000
Proceeds	of new bank loans					50,000
Net cash	generated from/(used			In)
financing	activities						170,000
Net increase in cash and cash				equivalents			147,053		1,609
Cash and	cash equivalents	at beginning			ofyear		418,487		416,878
Cash and	cash equivalents		at end of		year		565,540		418,487

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020	2020	2020	2019	2019	2019
				E	E	E		E
Donations		and giRs	48,922	7,983	56,905	39,601		39,601
Grants			89,445	263,777	353,222	11,707	110,281	121,988
			138,367	271,760	410,127	51,308	110,281	161,589
Donations		and giffs
Donations		and gifts	45,233	7,983	53,216	34,721		34,721
Gift aid			3,689		3,689	4,880		4,880
			48,922	7,983	56,905	39,601		39,601
Grants receivable for
core activities
Mary Cole		House
funding				1,049	1,049	6,000	16,888	22,888
Housing	Support			111,581	111,581		23,068	23,068
projects			8,103	121,147	129,250	5,707	37,905	43,612
Core operations			80,821		80,821		32,420	32,420
Other			521	30,000	30,521
			89,445	263,777	353,222	11,707	110,281	121,988

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		Unrestricted	Unrestricted	Restricted	Total
		funds	funds	funds
		2020 6	2019f	2019f	2019 f
Fundraising	events	9,405	9,271	22,520	31,791
Other trading	acUvities	727	2,824		2,824
Other trading	activities	10,132	12,095	22,520	34,615

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
		F
Interest	receivable	804	1,394

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020	2020 6	2020f	2019 6	2019	2019 E
Fundraisin	and	ublic'
Stafl costs			39,409		39,409		29,629	29,629
Advertising							1,034	1,034
Other fundraising		costs	8,809		8,809	909	24,276	25,185
Fundraising	and	publicity	48,218		48,218	909	54,939	55,848
T~di
Staffcosts			29,866		29,866
Other trading	activities		11,188	30,000	41,188
Support costs			3,682		3,682
Trading costs			44,736	30,000	74,736
			92,954	30,000	122,954	909	54,939	55,848

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Support costs
		Support	Governance	2020	Support	Governance	2019
		costs	costs		costs	costs
			6		F	f
Staff costs		203,666		203,666	166,026		166,026
Other staff costs		6,766		6,766	2,641		2,641
Premises costs		14,909		14,909
insurance		16,821		16,821	11,997		11,997
Telephone and computer
costs		19,282		19,282	15,438		15,438
Consultancy fees		5,593		5,593	4,683		4,683
Non recoverable	VAT	16,660		16,660	12,623		12,623
Other costs		2,963		2,963	12,471		12,471
Loan interest		3,682		3,682
Depreciation		486		486
Audit fees			2,880	2,880		2,880	2,880
Accountancy			1,970	1,970		1,145	1,145
		290,828	4,850	295,678	225,879	4,025	229,904
Analysed between
Trading		3,682		3,682
Charitable activities		287,146	4,850	291,996	225,879	4,025	229,904
		290,828	4,850	295,678	225,879	4,025	229,904

			2020	2019
			Number	Number
			35	31
	Employment	costs	2020f	2019 F
	Wages and	salaries	668,969	580,174
	Social security costs		51,979	46,793
	Other pension costs		13,260	15,153
			734,208	642,120
12	Ark Trading	CIC
	Asummary	ofthe results ofthe subsidiary		2020
	is shown below:
	Turnovel			30,000
	Expenditure			(74,735)
				(44,735)

Aggregate assets and liabilities	Aggregate assets and liabilities
Current	assets	76,030
Current	liabilities	(765)
Deferred	liabili0es	(120,000)
		(44,735)

Tangible gxed assets	- group and	charity
		Freehold land	Leasehold	Fixtures and	Computers	Total
		and buildings	improvements	fittings
		6	6	6
Cost orvaluation
At 1 January 2020		2,136,902		84,798	40,549	2,262,249
Additions		7,635	38,353	11,503	42,115	99,606
At 31 December 2020		2,144,537	38,353	96,301	82,664	2,361,855
Depreciation and impairment
At 1 January 2020		735,395		56,610	31,264	823,269
Depreciation charged	in the year	72,359	1,492	9,348	10,744	93,943
At 31 December 2020		807,754	1,492	65,958	42,008	917,212
Carrying amount
At 31 December 2020		1,336,783	36,861	30,343	40,656	1,444,643
At 31 December 2019		1,401,507		28,188	9,285	1,438,980

Debtors - group
Amounts falling due	within one year:		2020f	2019
Trade debtors			35,505	134,821
Prepayments and accrued income			74,461	33,321
			109,966	168,142
Debtors - charity
			2020	2019
Amounts falling due	within one year:		6
Trade debtors			35,505	134,821
Prepayments and accrued income			74,011	33,321
			109,516	168,142
Creditors: amounts	falling due within one year - group
			2020	2019
		Notes	6	F
Bank loans		20	4,167
Other taxation and social security			51,982	38,159
Deferred income		22	36,945	125,877
Trade creditors			75,964
Other creditors			32,973	107,249
Accruals			13,732	48,296
			215,763	319,581
Creditors: amounts	falling due within one year - charity
			2020	2019
		Notes	E	6
Bank loans		20	4,167
Other taxation and social security			51,233	38,159
Deferred income		22	36,945	125,877
Trade creditors			75,964
Other creditors			32,957	107,249
Accruals			13,732	48,296
			214,998	319,581

16	Creditors: amounts	falling due after more than one year-
	group
				2020	2019
			Notes	E	E
	Bank loans		20	45,833
	Other borrowings			120,000
				165,833
	Creditors: amounts	falling due after more than one year-
	charity
				2020	2019
			Notes		E
	Bank loans		20	45,833
17	Loans and overdrafts
				2020	2019
					E
	Bank loans			50,000
	Other loans			120,000
				170,000
	Payable within one	year		4,167
	Payable atter one year			165,833
	Amounts induded above which fall due after five years:
	Payable by instalments			5,833

Loans and overdrafts	Loans and overdrafts
		2020	2019
		6	6
Bank loans		50,000
Payable	within one year	4,167
Payable	after one year	45,833
Amounts	induded above which fall due after five years:
Payable	by instalments	5,833

						2020f	2019f
	Arising from	Grants				36,945	125,877
	Deferred income movement		during the year is as follows:
						2020 6	2019f
	Unexpended	balance at 1 January 2020				125,877	60,659
	Amounts received in year					415,789	411,751
	Amounts credited to statement			offinancial	activities	(504,721)	(346,533)
	Unexpended	balance at 31	December 2020			36,945	125,877
19	Retirement	benefit schemes

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Analysis ofnet assets	between funds	- group
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2020	2020	2020	2019	2019	2019
		8	f	f	f	8
Fund balances at31
December 2020 are
represented by:
Tangible assets	657,254	787,389	1,444,643	619,795	819,185	1,438,980
Net current assets	345,681	114,062	459,743	267,048		267,048
Long term liabilities	(165,833)		(165,833)
	837,102	901,451	1,738,553	886,843	819,185	1,706,028
Analysis ofnet assets	between funds	- charity
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2020	2020	2020	2019	2019	2019
	8	F			8	f
Fund balances at 31
December 2020 are
represented by:
Tangible assets	657,254	787,389	1,444,643	619,795	819,185	1,438,980
Net current assets	270,416	114,062	384,478	267,048		267,048
Long term liabilities	(45,833)	-	(45,833)
	881,837	901,451	1,783,288	886,843	819,185	1,706,028

There were no disdosab	le related party	le related party	tran	sactions du	ring the year (201	9 - none).
Cash generated from	operations					2020f	2019f
Surplus/(deficit) for the	year					32,525	(96,455)
Adjustments for.
Investment income recognised		in statement		offinancial	activities	(804)	(1,394)
Depreciation and impairment oftangible			fixed assets			93,943	83,887
Movements in working	capital:
Decrease/(increase) in	debtors					58,176	(32,832)
(Decrease) in creditors						(19,053)	(18,209)
(Decrease)/increase in	deferred	income				(88,932)	65,218
Cash generated from	operations					75,855	215

Analysis ofchanges in net funds
	At 1January	Cash flows	At 31 December
	2020		2020
	F
Cash at bank and in hand	418,487	147,053	565,540
Loans falling due within one year		(4,167)	(4,167)
Loans falling due after more than one year		(165,833)	(165,833)
	418,487	(22,947)	395,540