2020-08-31-accounts - Reach Trust

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Charity Name:	Charity Name:	East Midlands Christian	East Midlands Christian	Fellowships	Fellowships	Fellowships
Charitable	Status:	The charitable company		has		charitable		status		and	is registered		with	the
		Charity Commission	under		registration		number			1080638.
Company	Number;	03971567
Directors:		ELA Jones (Chair)						M N		Mumford
		A S Townsend (resigned		08.07.20)				M A		Frost
		A C Turner (resigned 28.11.19)						JGiles (appomted 28.11.19)
		D Cavanagh (appointed 28.11.19)						JAbraham			(appointed	09.07.20)
								D Park (appointed 09.07.20)
Secretary:		KC Parmar
Directors:		The above served	as Directors			as indicated			above.		The Directors		of	the
		Company are also the Trustees ofthe charitable								activities.
Registered	Office:	The Riverside Centre
		Riverside Court
		Pride Park
		Derby
		DE24 8HY
Bankers:		Barclays Bank Plc
		Nottingham and Derby Team
		Level 4
		1 Chapel Quarter
		Maid Marion Way
		Nottingham
		NG1 6HQ
Senior Statutory Auditors:		Haines Watts (East Midlands)			Ltd
		10Stadium Business	Court
		Millennium Way
		Pride Park
		Derby
		DE24 8HP

				2020			2019
			Unrestricted	Restricted		Unrestricted	Restricted
INCOME		Notes	Funds g	Funds f	Total f	Funds	Funds g	Total
Donations and Legacies			565,467	63,371	628,838	670,904	23,491	694,395
Ineornefront Charitable	Activities
Operation ofRiverside
Church and delivery of
Mission				132,900	132,900		193,696	193,696
Other Incoming Resources			132,053	251	132,304	46,082	15,937	62,019
Inca&ne from Other Trading Activities
Commercial Trading
Activities			220,093		220,093	328,713		328,713
Income from Other Activities				246	246		1,825	1,825
Investment Income		3	232		232	297		297
			917,845	196,768	1,114,613	1,045,996	234,949	1,280,945
EXPENDITURE
Cost ofRaising Funds
Commercial Trading Costs			166,128		166,128	210,768		210,768
Fundraising Costs							463	463
Expenditure on Charitable		Activities
Operation ofRiverside
Church and delivery of
Mission			752,461	171,118	923,579	753,865	276,326	1,030,191
Support Costs			3,540	1,701	5,241	5,562	1,500	7,062
			922,129	172,819	1,094,948	970,195	278,289	1,248,484
Net Income/(Expenditure)
Before Transfers			(4,284)	23,949	19,665	75,801	(43,340)	32,461
Trans fers			(35,336)	35,336		(36,288)	36,288
Net Income/(Expenditure)			(39,620)	59,285	19,665	39,513	(7,052)	32,461
Taxation Charge
Net Movement in Funds			(39,620)	59,285	19,665	39,513	(7,052)	32,461
Reconciliation ofFunds
Total Funds Brought Forward		15	1,130,970	43,341	1,174,311	1,091,457	50,393	1,141,850
Total Funds Carried Forward			1,091,350	102,626	1,193,976	1,130,970	43,341	!,174,311

									~Grou	~Grou		~Chrtit		~Chi .it
						Notes			2020	2019		2020		2019
FIXEDASSETS
Tangible Fixed Assets							11		1,446,126	1,477,406		1,437,607		1,474,193
Investments							12					I		I
Total Fixed Assets									1,446,126	1,477,406		1,437,608		1,474,194
CURRENT ASSETS
Debtors —Gift Aid Donations														78,817
Debtors —Income Tax Refund									13,675	29,854		13,675		29,854
Debtors									54,153	87,365		43,763		51,961
Bank Accounts									119,012	I43,250		111,643		96,259
Deposit Accounts									214,076	105,849		214,076		105,849
Restricted Fund Bank Accounts									73,505	29,892		73,505		29,892
Petty Cash									1,070	1,800		1,018		777
TOTAL CURRENT ASSETS									475,491	398,010		457,680		393,409
CREDITORS:
Amounts falling due within		one year					13		(114,111)	(144,448)		(150,549)		(140,857)
NET CURRENT ASSETS									361,380	253,562)		307,131		252,552
TOTAL ASSETS LESS
CURRENT LIABILITIES									1,807,506	1,730,968		1,747,739		1,726,746
CREDITORS:
Amounts falling due after	more than one year					14			613,530	556,657)		(563,530)		(556,657)
NET ASSETS									1,193,976	1,174,311		1,181,209		1,170,089
THE FUNDS OF THE GROUP:
Restricted Funds						l7			I02,626	43,341		102,626		43,341
Unrestricted Funds:
Subsidiary									12,767	4,222
Designated						17			17,575	128,307		17,575		128,307
Balance of Unrestricted	Funds								1,061,008	998,441		1,061,008		998,441
									1,091,350	1,130,970		1,078,583		1,170,089
TOTAL CHARITY FUNDS						15			1,193,976	1,174,311		1,181,209		1,170,089
The Trustees have prepared		group	accounts	in	accordance		with		section 398 of the Companies		Act	2006 and section		138 of the
Charities Act 2011. These	accounts		are prepared		in accordance			with the special provisions ofPart			15	ofthe Companies		Act relating
to small companies and constitute the annual				accounts		required			by the Companies	Act 2006 and	are	for circulation	to	members of
the company.

						2020	2019
Net Cash Flow from	Operating		Activities		25	120,378	170,297
Returns on Investments:
Interest Received Interest Paid						232 (14,528j	297 ~(i6,466
						106,062	154,128
Taxation
Capital Expenditure	and Financial Investments:
Purchase ofTangible	Fixed	Assets
						69,979	124,629
Financing:
Capital Element ofLoan Repayments Capital Element ofLoan Repayments				Made Received		56,873	(71,272) 1
Net Cash Inflow/(Outflow)						126,872	53,358
Increase/(Decrease) in	Cash in	the	Year			126,872	53,358
Net Cash Resources at	1 September		2019			280,791	227,433
Net Cash Resources at 31Au		ust	2020			407,663	280,791

estimated to write offeach asset	over the term ofits useful life. T
Freehold Property	2%per annum
Office Equipment	10/33% per annum
Fixtures and Fittings	10%per annum

	2020	2019
Staffcosts note:		g
Salaries	583,351	558,703
Pension costs Social Security costs	21,644 35,956	39,377 25,131
	640,951	623,211

GROUP	Freehold	~Eui	~Eui	ment
	P roar tt	~and	ffttin a		Total
Cost
At 1 September 2019	2,057,739			434,483	2,492,222
Additions				36,083	36,083
Disposals
At 31 August 2020	2,057,739			470,566	2,528,305
Accumulated Depreciation
At 1 September 2019	683,387			331,429	1,014,816
Charge for the year	43,515			23,848	67,363
On disposal
At 31 August 2020	726,902			355,277	1,082,179
Net Book Value
At 31 August 2019	1,374,352			103,054	1,477,406
At 31 August 2020	1,330,837			115,289	1,446,126
CHARITY	Freehold ~Pro &ere	~Kui ment ~andfEtt in ~			Total
Cost					g
At 1 September 2019	2,057,718		402,320		2,460,038
Additions				29,079	29,079
Disposals
At 31August 2020	2,057,718		431,399		2,489,117
Accumulated Depreciation
At 1 September 2019	683,387		302,458		985,845
Charge for the year	43,515			22,150	65,665
On disposal
At 31 August 2020	726,902		324,608		1,051,510
Net Book Value
At 31August 2019	1,374,331			99,842	1,474,193
At 31 August 2020	1,330,816		106,791		1,437,607

CHARITY
					2020		2019
Investment in Riverside Event Management Limited					g		g
The company owns 100% of the Limited, whose principle activity is	issued that of		share capital of a trading company, the provision ofroom hire and related		Riverside facilities.	Event	Manage
Creditors: Amounts falling due within		one year
			~Grou	~Grou	Charith	Charith
			2020	2019	2020		2019
Amount due to Subsidiary Taxation and Social Security Accruals Bank Loans (Secured)			9,279 32,432 72,400	9,177 62,871 72,400	50,000 9,279 18,870 72,400		9,177 59,280 72,400
			114,111	144,448	150,549		140,857

	As at				As at
	31.S.19	I~oomi n	0~rot oio	Transfers	31.S.20	2019
			g		g
Restricted Funds Unrestricted Funds Trading Subsidiary	43,341 1,126,748 4,222	196,769 653,112 264,732	162,820 710,611 211,517	25,336 9,334 (44,670	102,626 1,078,583 12,767	43,341 1,126,748 4,222
	1,174,311	1,114,613	1,084,948	10,000)	1,193,976	1,174,311

		As at				As at
		31.8.18	~lneomtn	~Ot oin	Transfers	31.8.19	2018
		f.				g
Restricted Funds Unrestricted Funds Trading Subsidiary		50,393 1,086,271 5,186	234,950 717,282 328,713	278,290 758,517 211,678	36,288 81,712 (118,000)	43,341 1,126,748 4 777	50,393 1,086,771 5,186
		1,141,850	1,280,945	1,248,485		1,174,311	1,141,850
nalysis	ofNet Assets	Between Funds
		General	Restricted	2020	General	Restricted	2019
		Fund	Funds	Total	Fund	Funds	Total
		g			g
Tangible fixed assets Investments		1,446,126		1,446,126	1,477,406		1,477,406
Current assets Current liabilities Long term liabilities		372,056 (113,302) (613,530	103,436 (810)	475,492 (114,112) 613,530)	332,422 (122,200) 556,657)	65,588 (22,248)	398,010 (144,448) (556,657)
		1,091,350	102,626	1,193,976	1,130,971	43,340	1,174,311

		At 1.9.19	Income	~Kx enditnre	Transfers	At 31.8.20
			g
Emmanuel School		34,375	115,595	128,619	20,000	41,351
Harper			405	250		155
Missions Development		369	3,115	570		7,914
Alpha Persian Bible College/		530	839	297		1,072
Cross Cultural Training		69		69
Benevolent Hardship Derby City Mission	Fund	875	441			1,316
Night Shelter		62		62
Sphere Money (Synergy) BCC Hardship Fund Lutterworth Community		182 2,114	18,442	27,426	15,336	6,534 2,114
Church Transfer Reach Response Covid Crisis Open Doors		3,582 683	23,880 9,483	3,582 10,344 800		13,536 8,683 683
Reach Planting Youth Hall			21,568			21,568
Reach Nottingham		500		500
ICP Anchor Trust			3,000	300		2,700
		43,341	196,768	172,819	35,336	102,626

0~en D nota	A special collection taken to support the work crises in an overseas country.	of Open Doors at a	time	of a particular	of a particular
~Reach Piantin	A special collection was taken during the year to support the EMCF			members	and
	partners to plant churches in East Midlands, the	rest ofUK and overseas.
Youth Hall Reach	CCN offering money in support ofNottingham	Community Church.
N~tontn ham
ICP Anchor Trust	This money is held on behalf of ICP Anchor	Trust, to support the administration			of an
	initiative which will promote the vision and	values of intercultural	church to Christian
	groups in the UK. ICP Anchor Trust will be registered as a charity		in its	own right	in the
	near future. At that point the balance in the fund	will be transferred to	the new Charity.
Designated Funds	The designated funds are allocated for capital projects, the balance left aside being 517,575.	projects, rebranding	and	development

			2020	2019
Turnover Cost ofSales Other Income			g 220,093 42,423 44,640	328,713 65,526
Gross Profit			222,310	263,187
Administrative	Expenses		213,765	264,152
Net (Loss)/Profit		Before Tax	8,545	(965)
Taxation
Net (Loss)/Profit		After Tax	6,545	~9655
Net Assets			8,545	4,222

	2020	2019
Net incoming resources before taxation	g 19,665	32,461
Adjustments:
Interest paid	14,528	16,466
Investment income Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors	(232) 67,363 49,391 30,337)	(297) 64,164 26,427 31,076
	120,378	170,297