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2020-12-31-accounts

Contents Contents Contents Contents
Reference and administration
details for the year ending 31December		 2020
Trustees'
report for the year ending 31December 2020.
Objectives and Activities. ....
Achievements
and Performance
Statement
ofTrustees'
responsibilities
Independent
examiners
report to the members		 ofRestore Community Church for the year ending 31
December 2020.. 12
Statement
offinancial
activities
(including the income and Expenditure		 Account) for the year ending 31
December 2020.. . 14
Statement
offinancial
activities
(including the Income and Expenditure		 Account) for the year ending 31
December 2019 ...15
Balance Sheet for the year ending 31December 2020.
Notes to the financial statements
for the year ending 31December		 2020.. 17
1.
Accounting
Policies .		 ... 17
2.
The legal status ofthe charity		 ...19
3.
Income from donations.		 ...19
4.
Investment
Income ..		 ... 19
5.
Analysis of expenditure
ofcharitable
activities		 ...20
6.
Analysis ofgrants .		 ....20
7.
Analysis ofgovernance
and support costs.		 ....20
8.
Net income/
(expenditure)
for the year		 21
9.
Analysis ofstaff costs, trustee remuneration		 and expenses, and the key management personnel ...... 21
10.
Staff numbers		 21
11.
Related party transactions.		 21
12.
Corporation
Taxation		 21
13.
Fixed assets.		 22
14.
Debtors ...................................................		 ............ 22
15.
Creditors: Amount
falling due within		 one year 22
16.
Analysis ofcharitable
funds.		 23
17.
Analysis ofnet assets between funds.		 24
18.
Other financial commitments.		 25
19.
Ultimate
control		 25

Note Unrestricted Restricted Total Total
Funds Funds 2020 2019
E f E E
Income from:
Donations 443,989 11,118 455,107 475,602
Investments 4 4 14
Other 16,883 16,883 16,312
Tota I Income 460,876 11,118 471,994 491,928
Expenditure
on:
Charitable
Activities		 392,032 12,487 404,519 514,914
Total Expenditure 392,032 12,487 404,519 514,914
Net Income / (expenditure) 68,844 (1,369) 67,475 (22,986)
Transfers
between		 funds 929 (929)
Net movement in funds 69,773 (2,298) 67,475 (22,986)
Reconciliation offunds:
Total funds brought forward 15,753 19,913 35,666 58,652
Total funds carried forward 85,526 17,615 103,141 35,666

Note Unrestricted Restricted Designated Total
Funds Funds Funds 2019
E E E E
Income from:
Donations 465,418 9,532 652 475,602
investments 14 14
Other 16,312 16,312
Tota I Income 481,744 9,532 652 491,928
Expenditure
on:
Charitable
Activities		 454,185 30,350 30,379 514,914
Total Expenditure 454,185 30,350 30,379 514,914
Net Income / (expenditure) 27,559 (20,818) (29,727) (22,986)
Transfers
between		 funds (31,802) 6,849 24,953
Net movement in funds (4,243) (13,969) (4,774) (22,986)
Reconciliation offunds:
Total funds brought forward 19,996 33,882 4,774 58,652
Total funds carried forward 15,753 19,913 35,666

Balance Sheet for the yea r ending 31Decembe r 2020
Note 2020 2019
E f
Fixed assets
Tangible assets 13 5,921 7,884
Current assets
Debtors 14 10,320 17,022
Cash at bank and in hand 107,536 19,283
117,856 36,305
Liabilities
Creditors: Amounts falling due within one year 15 (20,636) (8,523)
Net current assets 97,220 27,782
Net assets 103,141 35,666
Funds
Unrestricted reserve 16 85,526 15,753
Restricted
reserve		 17,615 19,913
Total funds 103,141 35,666

ncome from donations
Unrestricted Restricted Total Total
Funds Funds 2020 2019
E E E E
General giving 9,400 8,950 18,350 41,277
Gift aid giving 434,589 2,168 436,757 434,325
443,989 11,118 455,107 475,602

Unrestricted Unrestricted Restricted Total
Funds Funds 2020
f f
Church, Pastoral and Mission 270,768 3,686 274,454
Youth and Children 1,162 1,162
Community 56,931 7,999 64,930
External giving 802 802
Governance
costs (see note 7)		 1,620 1,620
Support costs (see note 7) 61,551 61,551
392,032 12,487 404,519
Unrestricted Restricted Designated Total
Funds Funds Funds 2019
E E E f
Church, Pastoral and Mission 354,136 354,136
Youth and Children 7,454 7,454
Community 21,997 13,093 4,306 39,396
External giving 17,257 26,073 43,330
Governance
costs (see note 7)		 1,620 1,620
Support costs (see note 7) 68,978 68,978
454,185 30,350 30,379 514,914
nalysis ofgrants
Grants to Total
institutions 2019
E f
Restore Community 55,210 55,210
55,210 55,210

General Governance
supportf Function
E		 Total
E
General office 45,111 45,111
Salaries, wages and related costs 14,820 14,820
Independent examiner 1,620 1,620
59,931 1,620 61,551

his is state d afte r charging:
2020 2019
E f
Depreciation 3,892 3,900
Operating leave payments 5,528 1,278
Examiner fees 1,620 1,620

2020 2019
E f
Salaries and wages 222,738 233,362
Social security costs 18,420 16,893
Pension costs 8,662 6,652
249,820 256,907

Cost Equipment Total
E E
At 1January 2020 24,775 24,775
Additions 1,929 1,929
Disposals
At 31December 2020 26,704 26,704
Accumulated depreciation
At 1January 2020 16,891 16,891
Charge for the year 3,892 3,892
Disposals
At 31December 2020 20,783 20,783
Net book value
At 31 December 2020 5,921 5,921
At 1January 2020 7,884 7,884
2020 2019
E E
Gift Aid Tax recoverable 5,713 6,560
Other debtors 4,607 10,462
10,320 17,022
2020 2019
E E
Taxation and social security 3,999 4,306
Other creditors 15,037 2,617
Accruals 1,600 1,600
20,636 8,523

Total Total
2020 2019
E f
Balance brought forward at 1January 15,753 19,996
Incoming resources 460,876 481,744
Resources expended (392,032) (454,185)
Transfer to designated funds (32,828)
Transfer from designated funds 7,875
Transfers from restricted funds 929 (6,849)
Balance ca'rried forward at31December 2020 85,526 15,753
Analysis ofmovement in the rested funds
01Jan 2020 Income Expenditure Transfer 31Dec 2020
f E E E f
Church Plant 5,778 (3,686) (929) 1,163
Mission Trips 8,125
Enfield —The Shack 3,868 3,868
Foodbank 591 543 (1,134)
Trinity 6,865 (6,865)
Restore Network 2,811 2,450 (802) 4,459
19,913 11,118 (12,487) (929) 17,615

01Jan 2019 Income Expenditure Transfer 31Dec 2019
E f E E f
Loughton —Generosity 288 (500) 212
Churches Together in 1,325 (1,550) 225
Loughton
Grenfell Tower 2,431 (2,431)
Church
Plant		 5000 3,388 (2,61O) 5,778
Loughton —Other 295 613 (1O43) 135
Enfield —The Shack 5,339 (1,471) 3,868
Foodbank (178) 3,298 (2,529) 591
Trinity 12,865 (6,000) 6,865
Restore Network 6,517 2,233 (14,826) 8,887 2,811
33,882 9,532 (30,350) 6,849 19,913
Unrestricted Restricted Total
funds funds 2020
E f f
Fund balances at 31December
Tangible fixed assets 5,921 5,921
Current assets 100,241 17,615 117,856
Current liabilities (20,636) (20,636)
85,526 17,615 103,141
Unrestricted Restricted Total
funds funds 2019
E E f
Fund balances at 31December
Tangible fixed assets 7,884 7,884
Current assets 16,392 19,913 36,305
Current liabilities (8,523) (8,523)
15,753 19,913 35,666

2020 2019
f E
Not later than one year 1,896 132
Later than one year and not later than five years 6,636 5,000