2020-12-31-accounts - Equippers Church

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			Page
Trustees'	report		1-4
Statement	ofTrustees'	responsibilities
Independent auditor's		report	6-8
Statement	offinancial	activities
Statement	offinancial	position	10
Statement	ofcash flows
Notes to the financial		statements	12-28

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
				Notes	2020 8	2020	2020 6	2019 6	2019f	2019 6
Income:
Donations and	legames			3	925,182	41,585	966,767	840,560	61,476	902,036
Charitable activities				4	25,552		25,552	158,384		158,384
Investments				5	17230		17,230	21,931		21,931
Other income				6	25,707		25,707
Total income					993,671	41,585	1,035,256	1,020,875	61,476	1,082,351
Raising funds				7	10,791		10,791	15,461		15,461
Charitable activities				8	732,768	41,575	774,343	995,368	60,085	1,055,453
Other					44,318		44,318	1,277		1,277
Totalresources
expended					787,877	41,575	829,452	1,012,106	60,085	1,072,191
Net gains/(losses)			on
investments				13				30,000		30,000
Net income for		the year/
Net movement		in	funds		205,794	10	205,804	38,769	1,391	40,160
Fund balances	at 1
January 2020					625,203	7,446	632,649	586,435	6,055	592,490
Fund balances		at	31
December 2020					830,997	7,456	838,453	625,204	7,446	632,650

				2020	2019
			Notes	f	8
Fixed assets
Property, fixtures and equipment			15	138,183		86,599
Mixed motive investments			16	410,000		410,000
				548,183		496,599
Current assets
Trade and other receivables			17	78,149	112,356
Cash at bank and	in hand			533,463	335,318
				611,612	447,674
Current liabilities				(86,493)	(68,996)
Net current assets				525,119		378,678
Total assets less	current liabilities			1,073,302		875,277
Non-current liabilities			20	(234,849)		(242,627)
Net assets				838,453		632,650
income funds
Restricted funds ~8I(icted funds			22	7,456		7,446
Designated funds:
Reserve fund				109,000	109,000
			23	109,000	109,000
General unrestricted funds				721,997	516,204
				830,997		625,204
				838,453		632,650
The financial statements		were approved	by the Trustees on .......................,
Mr M Collard
Trustee

						2020		2019
					Notes	8		f
Cash flows from operating		activities
Cash generated from/(absorbed				by)	28
operations							310,593		(45,512)
Investing activities
Purchase of property, plant	and equipment					(128,168)		(27,716)
Proceeds on disposal of property,				plant
and equipment						5,175		220
Income from investments						17,230		21,931
Net cash used in investing		activities					(105,763)		(5,565)
Financing activities
Repayment ofbank loans						(6,684)		(9,746)
Net cash used in financing		activities					(6,684)		(9,746)
Net increasel(decrease)	in cash and cash
equivalents							198,146		(60,823)
Cash and cash equivalents		at	beginning		ofyear		335,318		396,141
Cash and cash equivalents			at	end ofyear			533,463		335,318

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020 6	2020	2020 6	2019f	2019 f	2019
Donations	and giRs	925,182	41,585	966,767	840,560	61,476	902,036
Donations	and gifts
Regular donations		576,855		576,855	532,502		532,502
Impact		197,423	1,000	198,423	161,480	906	162,386
Special offerings		6,719	37,660	44,379	9,685	57,083	66,768
Gift aid		144,185	2,925	147,110	136,893	3,487	140,380
		925,182	41,585	966,767	840,560	61,476	902,036

		Church	Church
		activities	activities
		2020 6	2019f
Events and courses		4,553	68,797
Fun tots		5,778	22,784
Church	groups income	646	4,729
Coffee shop sales		9,332	49,470
Other income		5,243	12,604
		25,552	158,384

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
		6	5
Rental	income	15,182	19,761
Interest	receivable	2,048	2,170
		17,230	21,931

			Unrestricted	Total
			funds
			2020f	2019f
HMRC Job	Retention	Scheme	15,707
Government	Grant		10,000
			25,707

				Unrestricted	Unrestricted
				funds	funds
				2020f	2019 f
u	r	' 'n	ubllcit
Advertising			and promotion	10,791	15,461

		Church	Church
		activities	activities
		2020	2019
		8	8
Staff costs		167,082	202,371
Depreciation and impairment		76,584	53,595
Church and ministry expenses		86,911	105,932
Events and conferences		15,426	79,684
Education and training		12,537	24,649
Motor expenses		21,358	17,248
Travel and subsistence		6,819	34,678
Organisational subscriptions		11,537	10,649
Pastoral accommodation		21,000	21,000
Hub rent, rates and equipment		20,270	27,550
Coffee shop expenses		5,700	49,378
Sunday service venue	costs	20,242	58,372
Speakers gifts and travel expenses		2,421	11,914
Church hospitality and	catering	18,792	41,820
		486,679	738,840
Grant funding ofactivities (see note 9)		108,685	143,680
Share ofsupport costs (see note 10)		'I58,419	150,024
Share ofgovernance	costs (see note 10)	20,560	22,909
		774,343	1,055,453
Analysis by fund
Unrestricted funds		732,768	995,368
Restricted funds		41,575	60,085
		774,343	1,055,453

				Church	Church
				activities	activities
				2020f	2019 f
Grants:
ACTS Churches		UK			30,000
Equippers	Budapest			10,000	21,000
Equippers	Rio			6,000	34,520
Equippers	Ghana			11,510	9,393
International	Justice		Mission	5,000	10,000
Love in Action (relief for individuals)				28,242
Other grants below			f5001	40,808	30,300
				101,560	135,213
General				3,525	4,867
Equippers	Network		International	3,600	3,600
				108,685	143,680

Support c	osts
			Support	Governance	2020	Support	Governance	2019
			costs	costs		costs	costs
			8	f		f	6
Staff costs			98,716		98,716	90,608		90,608
Facilities running		costs	34,102		34,102	33,047		33,047
Rent and rates			1,480		1,480	1,450		1,450
Insurance			3,959		3,959	3,932		3,932
Telephone	and internet		4,248		4,248	4,330		4,330
Printing, postage		and
stationery			7,700		7,700	6,853		6,853
Bank charges and
interest			4,304		4,304	5,003		5,003
Sundry expenses			3,910		3,910	4,801		4,801
Legal and	professional			4,247	4,247		4,698	4,698
Accountancy				2,640	2,640		2,640	2,640
Audit fees				5,455	5,455		6,312	6,312
Mortgage	interest			8,004	8,004		9,105	9,105
Payroll fees				214	214		154	154
			158,419	20,560	178,979	150,024	22,909	172,933
Analysed	between
Charitable	activities		158,419	20,560	178,979	150,024	22,909	172,933

			Unrestricted
			funds
			2020
Net loss on disposal oftangible		fixed assets	(5,175)
"Toshiba" building	costs		49,493
			44,318

The average	monthly number ofemployees during t	he year was:
		2020	2019
		Number	Number
Pastoral
Support
Coffee shop
Fun Tots
		17	15
Employment	costs	2020f	2019 6
Wages and salaries		246,604	264,088
Social security costs		9,295	15,035
Other pension costs		9,899	13,856
		265,796	292,979

The number ofemployees whose annual remunerati	on was f60,000 or more were:
	2020	2019
	Number	Number
560,000 - 869,999		1
f70,000-f79,999

15	Property, fixtures and	Property, fixtures and	Property, fixtures and	Property, fixtures and
					Production	Motor	Total
					equipment,	vehicles
					fixtures and
					fittings
					8
	Cost
	At 1 January		2020		351,089	30,820	381,909
	Additions				128,168		128,168
	Disposals					(11,820)	(11,820)
	At 31 December 2020				479,257	19,000	498,257
	Depreciation		and impairment
	At 1 January		2020		264,490	30,820	295,310
	Depreciation		charged	in the year	76,584		76,584
	Eliminated in		respect ofdisposals			(11,820)	(11,820)
	At 31 December 2020				341,074	19,000	360,074
	Carrying amount
	At 31 December 2020				138,183		138,183
	At 31 December 2019				86,599		86,599
18	investment	property
							2020
							8
	Fair value
	At 1 January		2020 and	31 December 2020			410,000

	Jones Lang LaSalle Limited was given in the sum of8410,000	. at 31 December 2020.	y
17	Trade and other receivables
		2020	2019
	Amounts falling due within one year:	8	5
	Trade receivables	1,497	1,200
	Other receivables	47,590	53,686
	Prepayments and accrued income	29,062	57,470
		78,149	112,356

		2020	2019
		6
Bank loans		246,213	252,897
Payable	within one year	11,364	10,270
Payable	after one year	234,849	242,627

Current liabil	ities
				2020	2019
			Notes	9	6
Bank loans			18	11,364	10,270
Other taxation	and social security			(8)	3,042
Trade payables				53,435	27,132
Other payables					4,102
Accruals and	deferred	income		21,702	24,450
				86,493	68,996
Non-current	liabilities
			Notes	2020	2019f
Bankloans			18	234.849	242,627

		Movement	in funds			Movement	in funds
	Balance at	Incoming	Resources	Balance at		Incoming	Resources	Balance st
	1 Januanr 2010	resources	expended1	January	2020	resources	expended	31 December
		f	f		f			2020f
Specific giffs		8,493	(8,493)			269	(269)
Staff fund	3,072	20,346	(16,597)	6,821			(6,821)
Restricted
impact	2,983	3,226	(5,584)		625	1,250	(625)	1,250
Equippers
Manila		29,411	(29,411)
COVID 19
(Love in
Action)						33,065	(26,859)	6,206
Other minor
funds						7,001	(7,001)
	6,055	61,476	(60,085)	7,446		41,585	(41,575)	7,456

				Movement			Movement
				in funds			in funds
			Balance at	Incoming	Balance at		Incoming	Balance at
		1	January 2010	resourcesl	Jsnuary	2020	resources	31 December
								2020f
Reserve	fund		109,000		109,000			109,000

Analysis	o	fnet assets	between funds
			Unrestricted	Restricted	Total Unrestricted		Restricted	Total
			Funds	Funds		Funds	Funds
			2020 f	2020 f	2020 f	2019 f	2019 f	2019f
Fund balances at 31
December		2020 are
represented		by:
Property,	plant and
equipment			138,183		138,183	86,599		86,599
Investment		properties	410,000		410,000	410,000		410,000
Current assets/
(liabilities)			517,663	7,456	525,119	371,232	7,446	378,678
Long term		liabilities	(234,849)		(234,849)	(242,627)		(242,627)
			830,997	7,456	838,453	625,204	7,446	632,650

under	non-	cancellable operating leases, which fall	due as follows:
			2020f	2019f
Within	one	yeai	26,750	35,500

remuneration	and p	ension contr	ibuti	on	s as foll	ows:
									ension	Tote	ota
							Sale	Contn	ution	2020	2019
Mrs M Collard	(Wife ofTrustee		Mr		Co ard		18,862		1,012	19,874	17,145
Mrs Esther	Wecki	(Daughter	of	Trustee		r	1,950			1,950
ash)
iss SDrummond		(Sister-in-law	of	Trustee			27,226		1,681	28,907	26,687
Mr M Collard)
Mr J Matte (Son o		Prior Trustee	Mr		atts)		9,355			9,355	619
Mrs J Prothero (yife ofTrustee			Mr	P	rothero)						3,038
Mr TYates (Son-in-law ofTrustee				r	rothero)		1,025			1,025	19,019
							58,418		2,693	81,111	66,508

28	Cash generated from	Cash generated from	operations						2020	2019
									6	8
	Surplus for	the year							205,804	40,157
	Adjustments	for:
	Investment	income recognised in statement				offinancial	activities		(17,230)	(21,931)
	(Gain)/loss	on disposal	of property,	plant	and equipment				(5,175)	1,277
	Fair value gains and losses on investment					properties				(30,000)
	Depreciation	and impairment of property,			plant and equipment				76,584	53,595
	Movements	in working	capital:
	Decrease/(increase) in		trade and other receivables						34,207	(65,078)
	Increase/(decrease) in		trade and other payables						16,403	(23,532)
	Cash generated from/(absorbed			by) operations					310,593	(45,512)
29	Analysis ofchanges		in net funds
								At 1 January	Cash tlews	At 31 December
								2020		2020
								8		6
	Cash at bank and in hand							335,318	198,145	533,463
	Loans falling	due within	one year					(10,270)	(1,094)	(11,364)
	Loans falling	due aRer	more than one year					(242,627)	7,778	(234,849)
								82,421	204,829	287,250

V~AT5
	Output		Input	Due to
	VAT		VAT	HMRC	Paid	Diff
b/fwd				(912.26)	(1,053.69)	141.43
Apr - Jun Jul- Sep	4,021.91 9,555.40		2,909.24 7,453.33	1,112.67 2,102.07	1,112.67 2,102.07
Oct - Dec	24,260.43	13,720.75		10,539.68	10,539.68
Jan - Mar	16,388.65	13,882.43		2,506.22		2,506.22
	54226.39	37965.75		15348.38	13754.42	252725
				Ref	DR	CR
Balance b/f	as 1 January 2020				912.26
Opening balance adjustment					131.23
Output VAT						54,216.03
Input VAT					37,965.75
Payments to HMRC					13,754.42	1,053.69
VAT on accountancy accrual
Balacne c/f	as 31 Decemeber		2020		2,506.06
					55255.72	55255.72