2020-12-31-accounts - Grace Tabernacle

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Recommended .Details of	Recommended .Details of		Unrestricted	Restricted	Endowment	Total	Total
categories by own activity analysis			funds r.	inceme funds	funds f.	this year f	last year f
incoming resources (Note 3)			F01	F02	F03	F04	Fgg
Incoming resources from
generated funds
Voluntary income		"'	i'So&
Activities for generating funds		502
Investment income		503
Incoming resources from charitable activities		504
other incoming resources		505
Total incoming	resources	sos	(42(ejq( '22
Resources expended (Notes	4-8)
Casts ofgenerating funds
Costs ofgenerating voluntary income		507
Fundraising trading costs		508
Investment management costs		509
Charitable activities		510	QQ+if
Governance costs		511
Other resources expended		512				(RE5++
rotal resources expended		513
Net incoming/(outgoing) before	resources transfers	"4	lhasa:~			19-6'Ro	l5%)C
Gross transfers between funds
Net incoming/(outgoing) resoarces before ofber recagnlsed gams/(losses)		516
Oth~e recognised gains/(tosses)
Gains and losses on revaluation ofaxed assets forthe charity's own use		517
Gains and losses on investment assets		518
Netmavementinfunds		519
'total funds brought forward		S20	g	liOl~
Total funds carried forward		521,( 4((aft' i

								unrestr'i«ted	Restricted	Endowment	Total	Total
								funds f	income funds f	funds f	this year	last year f
Fixed assets								F01	F02	F03	F06	F05
Tangible. assets					(Note 9)		801
							887
					fixed
Investments					(Note 10)		803
			Total			asset	884
Current assets
Stockand work in progress							805
Debtors					(Note 11)		886
(short term) investments							807
cash at bank and in hand							888
		TotalIrenf assets					883
Creditors: amounts due within one year	falling				(Note 12)		81o
Net current essets7r(fiabilities)								2v 9u'
Total assets less			current liabilities				Bw
CrediturS: amounts due after one year	falling				(Note 12)		843
Provisions far liabilities		and		charges			844
					Net assets		873		Stc34,5
Funds ofthe charity
unrestricted funds							816		&to&eh
							817
Restricted income funds				(Note 13)			878
Endowment funds				(Note 13)			818
					Total	funds	Bzo
siuned by one or two ofall the trustees	trustees			on	behalf			signature		Print	name	Date ofapproval
											Kt&

Note 2 Accounting	Note 2 Accounting
This standard list ofaccounting policies has been applied by tire charity except for those deleted. Iyhere adifferent or additional policy has been adopted then this isdetailed in the box below.
INCOMING RESOURCES
Recognition	ofincoming	These are included in the Statement of Financial Activities {SoFA)when:
resources		the chadty bemmes entitled to the resources;
		the trustees are virtually certain they will receive the resources; and
		the monetary value can be measured with sufgcient reliably.
incoming resources with		Where incoming resources have related expenditure {aswith fundraising or contract income) the
related expenditure		incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations		Grants and donations are only included in the SoFA when the charity has unconditional
		entitlement tothe resources.
Taxredaims	on donations	Incoming resources from tax reclaims are included in the SoFAat the same time asthe	gift to
and gifts		which they relate.
Contractual	incame and	This is only included in the SoFA once the related goods or services have been delivered.
'performance	related grants
Gifts in kind		Gifts in kind are accounted forat a reasonable estimate oftheir value tothe charity or the amount
		actually realised.
		Gifts in kind forsale or distdbution are included in the acmunts as gifts only when sold	or
		distributed by the charity.
		Gifts in kind for use by the charity are induded in the SoFAas incoming resources when	receivable.
Oonated semices and facilities		These are only induded in incoming resources (with an equivalent amount in resources.	expended)
		where the benefit tothe chadty is reasonably quantifiable, measurable and material. the value
		placed on these resources is the estimated value to the charity ofthe service or fadlity	received.
Volunteer help		the value ofany voluntary help received is not included in the accounts but is deso ibed in the
		trustees' annual report.
Investment	income	This is included in the acmunts when receivable.
Investment	gains and losses	This includes any gain or loss on the sale of investments and any gain or lass resulting	from.
		revaluing investments to market value at the end ofthe year.
EXPENOITURE ANO LIABILBIES
liability recognition		Liabilities are remgnised as saon as there is a legal or constructive obligation committing		the
		charity to pay out resources.
Gavemance	costs	Indude costs ofthe preparation and examination ofstatutory accounts, the costs oftrustee
		meetings and cost ofany legal advice to trustees on governance or constitutional matters.
Grants with	performance	Where the charity gives a grant with conditions for its payment being a speciTic level ofservice or
conditions		output to be provided, such grants are only recognised in the SoFA once the recipient ofthe grant
		has provided the specified service or output.
orants payable without		These are only recognised in the accounts when a commitment has been made and there		are na
performance	conditions	conditions to be met relating tothe grant which remain in the control ofthe charity.
Support costs		Support costs include central functions and have been allocated to activity cast categories		on
		a basis consistent with the use of resources, eg allocating property costs by floor areas, or		per
		capita, staff costs by the time spent and other costs by their usage.
ASSETS
'tangible gxed assets forwe		These are capitalised ifthey can be used for more than one year, and costat least f500.They are
by charity		valued at cost or, ifgifted, at the value to the charity on receipt.
Investments		investments quoted on a recognised stock exchange are valued at market value atthe	year end.
		Other investment assets are included at trustees' best estimate ofmarket value.
Stocks and work in progress		these are valued at the lower of cost or market value.
	POLICIES AOOPTEO
	ADDITIONAL TO OR
	OIFFERENT FROM
	THOSE ABOVE

Note 3Analysis	Note 3Analysis	ofinco	ming resources
Incoming resourres		moy De	further uuulrsed ifthis would help tire reader olthe	accounts.
			Analysis	This year	Last year
Voluntary	income
			'h
COWL.	WA@3t I ~yg
			Total
Activities for generating
funds
			rotai
Investment	income	.
			M/%5yh~t
			Total
Incoming	resources	fram
charitable	activities
			Total	L3~4 l+

Note 4Analysis ofresources expended	Note 4Analysis ofresources expended	Note 4Analysis ofresources expended	Note 4Analysis ofresources expended
uerources	expended may be		further analysedif	this would	help the reader ofthe occouars.
				Analysis			This year	Last year
casts oigenerating
voluntary	income
								((~8&u
						Tarsi
Fundraising		trading casts
						Total
Investment		management
casts
						Total
Charitable		activities	a4.4		rt~	Ba
			Lh TAH,t+G	thdd.	A&CLTXtth.tc
						Total	KC' 'Lj.g+
sovernanco		costs
						Total

ase corn	piete	this note	ilthe charity	has enalys	ed its expens	es using a	ctivity categorie	s and has su	pport costs	.
support	cost	type	Fundraising f	activity	charitable 6	activity	Governance 6	activity	Total 6	cost
		Total

your indepen	dent examiner orouditor. lfno	thing wospo	idplease enter NONEin lhe	appropriate box(es).
				This year	last year
				6
Independent	examiner's orauditor's fees for	reporting an	the accounts
other fees (for exam ptm advice, consultancy,		accountancy	services) paid to the
independent	examiner orauditor

9.1Cost orvaluati	on
		Freehold	land	Other land O		Plant,		Fixtufesi	Payments		on	Total
		Bbuildings		buildings		machinery	and	fittings and	account		and
						motor vehides		equipment	assets	under
									construction
										E
Balance brought
forward
Additions
Revahiations
Oisposals
Transfers
Balance carried
forward
9.2Accumulated	depreciation		and impairment		provisions
* Basis		SLor RB		SLor RB		gbnr RB		RB	SL	or RB
+~Rate
Balance brought
forward
Oepredation
charge for year
Impairment
provisions
Revaluations
Oisposals
Transfers'v
Balance carried
forward
9.3 Stet hook value
Brought forward
Carried forward
9A Revaluation
ifany fixed assets		have been revalued please			give	detoils ofthe	valuer	ond method of	valuation.

Analysis ofdebtors	Analysis ofdebtors		Amounts within	falling due ono year	falling due ono year	Amounts more	falling due after than one year
			This year f.	Last	year f	This year f	Last year s
Trade debtors
Amounts due	from subsidiary	and associated
undertakings
other debtors
Prepayments	and accmed income
Total

		Amounts	falling due	Amounts	falling due after
		within	one year	more	than one year
		This year f	Last year	This year s	Last year s
i.oans and overdrafts
Trade creditors
Amounts. due to subsidiary	and assodated
undertakings
Other creditors
Acuuals and deferred income
Total

fund	name	Type	Purpose and restrictions
		(PE, EEor R)

		fund balances	Incoming	Outgoing	Transfers	Gains and losses	Fund balances
Fund	names	brought forward E	tus0ilrces E	resources f			carried forward E
rotol	fuads