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2020-12-31-accounts

Contents
Page
Legal and administrative information
Trustees' report 2-4
Independent
examiner's		 report
Statement offinancial activities
Balance sheet
Notes to the financial statements 8- 12

Trustees Joseph
Corry Walton
Kenneth
John
Parsons
Sandra
Rooney
Shirley
Linda Lewis
Registered Office 4 Orchard Terrace
Chester-le-Street
Co.
Durham
DH3 3JU
Independent Examiner 8J Straughan
FCA
BJ Straughan
and Co
Epworth
House
7 Lucy Street
Chester le Street
DH3 3UP
Business address 4 Orchard Terrace
Chester-le-Street
Co.
Durham
DH3 3JU
Bankers Barclays Bank pic
PO Box258
Northampton

Restricted for building Restricted for building improvements 1,668
Unrestricted funds 121,760
123,428

Unrestricted Restricted
Notes Funds Funds 2020 Total 2019Total
f E f E
Income
and		 endowments from:
Donations 27970 5618 33588 34969
Investment income 2 1 3 4
Other 3500 0 3500 3880
Total 31472 5619 37091 38853
Expenditure on Charitable activities:
Grants payable 2430 2430 2653
Premises, teaching and worship
and pastoral costs 19987 19987 19993
Support costs 3482 3482 3228
Management and administration 3599 3599 4334
Total 29498 29498 30208
Net income 1974 5619 7593 8645
Transfers
between		 funds 6219 -6219 0 0
Net movement
in funds		 8193 -600 7593 8645
Total funds brought forward 113567 2268 115835 107190
Total funds carried forward 121760 1668 123428 115835

2020 2019
Notes
Fixed assets
Tangible asset 113078 110421
Current assets
Debtors 10 495 911
Cash at bank and in hand 11546 6400
12041 7311
Creditors: amounts falling due
within
one year		 -1691 -1897
Net current assets 10350 5414
Net assets 123428 115835
Funds
Unrestricted funds 13 121760 113567
Restricted
funds		 14 1668 2268
123428 115835

Notes to the financial the financial statements statements statements statements statements ( continued continued )
Forthe year ended 31stDecember 2020 2020 2019
Unrestricted Restricted Unrestricted Restricted
2 Donations Funds Funds 2020Total Funds Funds 2019Total
Tithes and Offerings except gift aided 14069 0 14069 9589 0 9589
Gift aided donations 13679 3598 17277 17479 4370 21849
Wedding and funerals 150 0 150 0 0 0
Income
from
voluntary		 fund raising activities 72 0 72 384 0 384
Special gifts 0 2020 2020 0 3147 3147
27970 5618 33588 27452 7517 34969
Unrestricted Restricted Unrestricted Restricted
3Other Funds Funds 2020Total Funds Funds 2019Total
Gifts from outside organisations for use of premises:
Foodbank 3500 0 3500 3500 3500
Polling station fee 0 0 380 380
3500 0 3500 3880 3880
Unrestricted Restricted Unrestricted Restricted
4 Grants payable Funds Funds 2020Total Funds Funds 2019Total
Gifts to visiting preachers 0 0 100 100
Gifts against poverty 0 0 55 55
Gifts to missionaries and other institutions 1260 1260 1560 1560
DCMCH Childrens Home 840 840 840 840
Ministry to sick or elderly 330 330 98 98
2430 0 2430 2653 2653
5 Premises,
teaching		 and worship, and pastoral costs
Unrestncted Restricted Unrestricted Restricted
Funds Funds 2020Total Funds Funds 2019Total
Premises
Light, heat and water 2651 2651 3234 3234
Repairs and maintenance 644 644 813 813
Teaching and worship
Church
supplies		 and small gifts 247 247 524 524
Virtual services 275 275 0 0
Children 105 105 120 120
Hospitality 96 96 329 329
Wedding and funerals 200 200 0 0
Pastoral
Staff costs ( note 8 ) 13800 13800 12824 12824
Travel by Elders 1969 1969 2149 2149
19987 0 19987 19993 0 19993
Unrestricted Restricted Unrestricted Restricted
6 Support cost Funds Funds 2020Total Funds Funds 2019Total
Depreciation
of		 office equipment, PA and piano and buildings 3482 0 3482 3228 3228
3482 0 3482 3228 3228
Unrestricted Unrestricted Unrestricted Unrestricted Restricted Restricted Restricted Unrestricted Restricted
7 Management
and administration		 Funds Funds 2020Total Funds Funds 2019Total
Publicity 133 133 113 113
Insurances 1446 1446 1191 1191
Printing,
postage and stationery		 338 338 155 155
Independent
examiner's		 fee 580 580 500 500
Independent
examiner's		 fee overprovision 2018 0 0 -60 -60
Payroll and software 174 174 169 169
Pastor's office expenses 288 288 208 208
Treasurer's
office expenses		 0 0 330 330
Internet services 528 528 528 528
Legal and Professional 112 112 1200 1200
3599 3599 4334 4334
8 Trustees'
emoluments
During
the year, Pastor J.C.Walton		 earned 611,400for his services as a Pastor and
was
reimbursed f529for travelling		 expenses and f288for the use of his home as an office and
for the use of his telephone. There were also payments totalling E2,400 into his pension plan.
Furniture
Freehold land
Fixtures		 and
9 Tangible fixed assets and buildings Fittings PA and Video Piano Total
Cost
At 1stJanuary 2020 112925 16253 808 1889 131875
Additions 5153 986 0 0 6139
At 31st December 2020 118078 17239 808 1889 138014
Depreciation
At 1stJanuary
2020		 9066 9691 808 1889 21454
Charge
for year		 1928 1554 0 0 3482
At31stDecember 2020 10994 11245 808 1889 24936
Net book values
At31stDecember 2020 107084 5994 113078
At31stDecember 2019 103859 6562 110421
Unrestricted Restricted
10Debtors Funds Funds 2020Total 2019Total
Trade Debtors 0 0 200
Income
tax		 recoverable 238 238 449
Prepayments 257 257 262
495 495 911
Unrestricted Restricted
11Creditors: amounts falling due Funds Funds 2020Total 2019Total
within one year
Creditors 168 168 375
PAYE
and social security costs		 582 582 506
Sundry
creditors and		 accruals 941 941 1016
1691 1691 1897
Unrestricted Restricted
12Analysis ofnet assets between funds Funds Funds 2020Total
Fund balances at 31stDecember 2020, represented by:
Tangible fixed assets 113078 0 113078
Current assets 10373 1668 12041
Current liabilities -1691 0 -1691
121760 1668 123428


3Unrestrict ed
funds		 Transfer
As at Incoming Outgoing between As at
01/01/2020 resources Resources Funds 31/12/2020
General
resources		 113467 31472 29498 2519 117960
Designated fund contingency 100 0 0 200 300
Designated building fund 0 0 0 3500 3500
113568 31472 29498 6219 121760

14Restricted funds Transfer
As at Incoming Outgoing between As at
01/01/2020 resources Resources Funds 31/12/2020
Building expansion fund 2268 5619 -6219 1668
2268 5619 -6219 1668