REGISTERED CHARITY NUMBER: 1096824
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR DUKE STREET CHURCH
Burrows Scarborough Sovereign House 12 Warwick Street Coventry West Midlands CV5 6ET
DUKE STREET CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
DUKE STREET CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020
TRUSTEES A Byron (Chair) P Stockdale S Loescher K Loescher D Hallett S Welch M Pincher E Smith PRINCIPAL ADDRESS Duke Street Sutton Coldfield West Midlands B72 1RJ REGISTERED CHARITY NUMBER 1096824 INDEPENDENT EXAMINER Burrows Scarborough Sovereign House 12 Warwick Street Coventry West Midlands CV5 6ET
Page 1
DUKE STREET CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Sutton Coldfield and the surrounding neighbourhood; and other such charitable purposes as shall, in the opinion of the members of the Church in general meeting further the work of the Church.
The objects of the charity are to further the religious and other charitable work of the Christian Faith. The charity is a member of the Evangelical Alliance and the Trustees subscribe to the Evangelical Alliance basis of faith. The charity owns premises in Sutton Coldfield comprising of a chapel and associated buildings as well as the freehold of a block of flats and the leasehold of a further flat, Duke Street Church has approximately 140 members. The church supports a number of UK and overseas Christian workers and mission organisations and is involved in a number of activities which benefit the wider community of Sutton Coldfield.
Public benefit
When planning and reviewing the objectives of the activities the Church has given due consideration to the Charity Commission’s general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church in their local communities.
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DUKE STREET CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Due to the Coronavirus pandemic, normal church activities have had to be suspended from March 2020 for the rest of the year.
Since going into lockdown in March 2020 we have sent out Sunday service material (e-worship) by email each week - initially this was a mixture of written and recorded materials but is now almost all recorded (video). In addition we have sent a prayer focus (e-prayer) and a newsletter (e-news) via email every week. The newsletter includes a mixture of church family news, contributions from church members, resources and information that may be of interest to some and was very much aimed at helping and encouraging church members to keep in touch with each other and stay connected to church.
For those without internet access a print version of each of these e-communications is produced, using the same material where appropriate and including extra materials in place of internet-based items. For e-worship on a Sunday we also send out an audio CD of the sermon.
In July 2020, once churches were allowed to open for individual prayer we began to open up the church building on a Friday morning for people to drop in and pray, and then from August 2020 we trialled holding live services under Covid-safe conditions in the building ie limiting numbers to 50, ensuring seating was spaced at 2 metres & encouraging the use of hand-sanitiser on entry to the building. Masks were compulsory & congregational singing was not allowed. In September & October we held live services on the 1st & 3rd Sundays of the month which were open to all, with a booking system in place to ensure we didn't exceed our capacity. E-worship continued to be sent out each week for those not able to come to services. Live services were suspended in November because of the second lockdown but resumed in December and included our carol service which we ran twice to enable more people to come. A Christmas card was delivered to all the houses in the streets around church inviting our neighbours to join us.
In September & October we held a weekly socially-distanced prayer meeting in the church building, and some home groups also used the church buildings for socially-distanced gatherings. Homegroups held their regular meetings online using Zoom, as did the Leadership Team and Trustees.
For the children and young people, our newly appointed Children & Youth Pastor (Carron Hopwood) produced story & craft videos each week for the different age groups which were available on YouTube and FaceBook. For the ID age group (11-18s) devotional materials were sent out directly to the young people. In November 2020 we launched 'Duke Street Junction' - a service aimed at families with younger children. The first one had to be done online as live gatherings were not permitted but in December it took place in the building.
During September and October, weekly gatherings for TAG (7-10) and ID (11-18) were held at church (in accordance with our Covid risk assessment). These were suspended when we went into second lockdown. For our toddler groups, Little Jooks & Jooks of Hazard, a weekly storytime video was posted on YouTube and Facebook, and Little Jooks re-opened in a limited way in September and October. Again suspended when new restrictions were introduced.
In October we ran the 'Great Glow-Worm Hunt' event for families which took place outside and allowed families to participate in a socially-distanced way - this proved to be very popular with families from outside church. The Coffee Tree café had closed when we went into the first lockdown in March but re-opened during September and October, although the introduction of the Tier system of restrictions affected what was permitted during that time. As part of Coffee Tree, we offered Storytime on a Friday morning for which parents had to book places and this ran until further restrictions were introduced.
Regular donations of foodstuffs to Birmingham City Mission Foodbank and donations to the BCM Toy Appeal continued through collection boxes outside the church building.
Following the resignation of Joel Woodier (Team Leader / Pastor) in Oct 2019, we advertised the post early in 2020, called 2 applicants for interview at the end of March. This was postponed, due to 'lockdown' and finally went ahead on 26th September 2020. One candidate was called to a second interview and after a further zoom meeting and having taken up references, Revd David Gibb was appointed with a view to taking up the post at the end of March 2021.
FINANCIAL REVIEW
Financial position
Incoming resources for the year were £130,846 (2019: £162,693). Expenditure for the year was £177,445 (2019: £177,446). The deficit for the year was £29,389 including depreciation of £18,011 (2019: deficit £14,753 including depreciation of £17,187).
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DUKE STREET CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
Reserves policy
The Trustees are committed to establishing a level of reserves for General Funds that will cover three months costs, subject to sufficient funding being available to achieve this, while not hampering the ongoing development of the ministry of the Church. The precise level of reserves to be £53,419 (excluding depreciation) and will be subject to regular review, taking into account levels of activity and prevailing circumstances. The unrestricted reserves at the balance sheet date are £151,192 (2019 - £163,232) designated reserves are £9,279 (2019 - £12,512). Total funds of the charity are £1,290,552 (2019 - £1,319,941), of which £1,130,081 (2019 - £1,144,197) are restricted.
For the purposes of short and medium term financial management, the trustees are concerned more with the management of working capital, and the healthy working capital position is entirely in line with their policy of holding free resources sufficient to fund three months of ongoing unrestricted expenditure to cover the eventuality of a material decline in incoming resources.
FUTURE PLANS
The Church is well aware of COVID-19 and the impact this has on our activities and services. Strategies have been adopted to maintain contact with the members and some of the wider church community. However we do not anticipate it having any significant impact on the finances of the church.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Duke Street Church was originally constituted under two trust deeds. The charity's affairs have however been amalgamated under a "Scheme" with the Charity Commissioners dated 13 December 2002 into a single charity with a single set of Trustees.
Recruitment and appointment of new trustees
Trustees/Leadership Team members are normally recruited from within the membership and are appointed after consultation with the membership of the church and approval by the existing trustees/LT. No external persons to the charity are entitled to appoint trustees.
Organisational structure
There are two groups of people involved in the running of the charity:
The Leadership Team who are the Trustees are responsible for the strategic direction and routine activities of the church and any legal requirements, that is, employment and the requirements of the charity law. They meet at least once a month.
An Administration Group is responsible for much of the practical day-to-day needs under the direction of the leadership Team as appropriate.
The day to day running of the church office was delegated to the administrator, and chair of the Admin Group Mrs Fiona Buckell, under the supervision of the Leadership Team, Financial administration was undertaken by the treasurer, currently Mrs Sallie Morgan.
Induction and training of new trustees
Trustee induction and training is informal. Trustees are aware of their responsibilities when they take up appointment.
Approved by order of the board of trustees on 24 May 2021 and signed on its behalf by:
A Byron (Chair) - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUKE STREET CHURCH
Independent examiner's report to the trustees of Duke Street Church
I report to the charity trustees on my examination of the accounts of Duke Street Church (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Zoe Walsh FCCA Burrows Scarborough Sovereign House 12 Warwick Street Coventry West Midlands CV5 6ET
24 May 2021
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DUKE STREET CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Related church activities Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds Charitable activities 4 Direct church expenses Related church activities Depreciation Total NET INCOME/(EXPENDITURE) Transfers between funds 13 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 107,338 791 13,995 387 122,511 3,878 84,273 49,633 3,811 141,595 (19,084) 3,811 (15,273) 175,744 160,471 |
Restricted funds £ 2,035 - 6,300 - 8,335 - - 4,440 - 4,440 3,895 - 3,895 8,962 12,857 |
Restricted fixed asset £ - - - - - - - - 14,200 14,200 (14,200) (3,811) (18,011) 1,135,235 1,117,224 |
31.12.20 Total funds £ 109,373 791 20,295 387 130,846 3,878 84,273 54,073 18,011 160,235 (29,389) - (29,389) 1,319,941 1,290,552 |
31.12.19 Total funds £ 119,128 2,538 40,655 372 |
|---|---|---|---|---|---|
| 162,693 7,627 123,902 28,730 17,187 |
|||||
| 177,446 | |||||
| (14,753) - |
|||||
| (14,753) 1,334,694 |
|||||
| 1,319,941 |
The notes form part of these financial statements
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DUKE STREET CHURCH
BALANCE SHEET 31 DECEMBER 2020
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
31.12.20 £ 1,117,224 5,586 171,146 176,732 (3,404) 173,328 1,290,552 1,290,552 160,471 1,130,081 1,290,552 |
31.12.19 £ 1,135,235 5,580 181,566 |
|---|---|---|
| 187,146 (2,440) |
||
| 184,706 | ||
| 1,319,941 | ||
| 1,319,941 | ||
| 175,744 1,144,197 |
||
| 1,319,941 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 May 2021 and were signed on its behalf by:
A Byron (Chair) - Trustee
The notes form part of these financial statements
Page 7
DUKE STREET CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The Charity constitutes a public benefit entity as defined by FRS 102.
The financial statements are presented in sterling and rounded to the nearest £1.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Long leasehold - Over the life of the lease Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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DUKE STREET CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| Room hire Coffee shop income Rents received INVESTMENT INCOME Interest receivable - trading CHARITABLE ACTIVITIES COSTS Direct church expenses Related church activities Depreciation |
Direct Costs £ 82,023 54,073 18,011 154,107 |
31.12.20 £ 2,669 5,826 11,800 20,295 31.12.20 £ 387 Support costs £ 2,250 - - 2,250 |
31.12.19 £ 12,605 15,367 12,683 40,655 31.12.19 £ 372 Totals £ 84,273 54,073 18,011 |
| 156,357 |
3. INVESTMENT INCOME
4. CHARITABLE ACTIVITIES COSTS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
6. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Wages and salaries | 47,749 | 65,179 |
| Social security costs | 707 | 1,849 |
| Other pension costs | 2,275 | 3,234 |
| 50,731 | 70,262 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.12.20 | 31.12.19 | |
| Support Staff | 3 | 3 |
No employees received emoluments in excess of £60,000.
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DUKE STREET CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 119,128 - Charitable activities Related church activities 2,538 - Other trading activities 33,972 6,683 Investment income 372 - Total 156,010 6,683 EXPENDITURE ON Raising funds 7,627 - Charitable activities Direct church expenses 123,902 - Related church activities 25,012 3,718 Depreciation - - Total 156,541 3,718 NET INCOME/(EXPENDITURE) (531) 2,965 RECONCILIATION OF FUNDS Total funds brought forward 176,275 5,997 TOTAL FUNDS CARRIED FORWARD 175,744 8,962 8. TANGIBLE FIXED ASSETS Freehold Long property leasehold £ £ COST At 1 January 2020 and 31 December 2020 1,195,616 59,981 DEPRECIATION At 1 January 2020 127,799 5,406 Charge for year 14,200 600 At 31 December 2020 141,999 6,006 NET BOOK VALUE At 31 December 2020 1,053,617 53,975 At 31 December 2019 1,067,817 54,575 |
Restricted fixed asset £ - - - - - - - - 17,187 17,187 (17,187) 1,152,422 1,135,235 Fixtures and fittings £ 92,842 79,999 3,211 83,210 9,632 12,843 |
Total funds £ 119,128 2,538 40,655 372 |
||
|---|---|---|---|---|
| 162,693 7,627 123,902 28,730 17,187 |
||||
| 177,446 | ||||
| (14,753) 1,334,694 |
||||
| 1,319,941 | ||||
| Totals £ 1,348,439 213,204 18,011 231,215 1,117,224 1,135,235 |
||||
Included in cost or valuation of land and buildings is freehold land of £485,000 (2019 - £485,000) which is not depreciated.
The leasehold property relates to a leasehold flat (Jacey) which was renewed as a 99 year lease in 2011.
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DUKE STREET CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | |||||
| £ | £ | |||||
| Other debtors | 5,586 | 5,580 | ||||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.12.20 | 31.12.19 | |||||
| £ | £ | |||||
| Other creditors | 3,404 | 2,440 | ||||
| 11. | LEASING AGREEMENTS | |||||
| Minimum lease payments under non-cancellable operating leases | fall due as follows: | |||||
| 31.12.20 | 31.12.19 | |||||
| £ | £ | |||||
| Within one year | 941 | 1,882 | ||||
| 12. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||
| 31.12.20 | 31.12.19 | |||||
| Restricted | ||||||
| Unrestricted | Restricted | fixed | Total | Total | ||
| funds | funds | asset | funds | funds | ||
| £ | £ | £ | £ | £ | ||
| Fixed assets | (1) | - | 1,117,225 | 1,117,224 | 1,135,235 | |
| Current assets | 163,875 | 12,857 | - | 176,732 | 187,146 | |
| Current liabilities | (3,403) | - | (1) | (3,404) | (2,440) | |
| 160,471 | 12,857 | 1,117,224 | 1,290,552 | 1,319,941 | ||
| 13. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.20 | in funds | funds | 31.12.20 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 163,232 | (17,830) | 5,790 | 151,192 | ||
| Hardship Fund - designated | 8,100 | 827 | (1,979) | 6,948 | ||
| Ron Legacy - designated | 4,412 | (2,081) | - | 2,331 | ||
| 175,744 | (19,084) | 3,811 | 160,471 | |||
| Restricted funds | ||||||
| Jacey Building | 6,782 | 3,875 | - | 10,657 | ||
| Macedonia fund | 180 | 20 | - | 200 | ||
| Restricted fixed asset | ||||||
| 1,135,235 | (14,200) | (3,811) | 1,117,224 | |||
| Artwork | 2,000 | - | - | 2,000 | ||
| 1,144,197 | (10,305) | (3,811) | 1,130,081 | |||
| TOTAL FUNDS | 1,319,941 | (29,389) | - | 1,290,552 |
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DUKE STREET CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 117,361 | (135,191) | (17,830) |
| Hardship Fund - designated | 5,150 | (4,323) | 827 |
| Ron Legacy - designated | - | (2,081) | (2,081) |
| 122,511 | (141,595) | (19,084) | |
| Restricted funds | |||
| Jacey Building | 6,300 | (2,425) | 3,875 |
| Macedonia fund | 2,035 | (2,015) | 20 |
| Restricted fixed asset | |||
| - | (14,200) | (14,200) | |
| 8,335 | (18,640) | (10,305) | |
| TOTAL FUNDS | 130,846 | (160,235) | (29,389) |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 164,175 | (943) | 163,232 |
| Hardship Fund - designated | 7,100 | 1,000 | 8,100 |
| Ron Legacy - designated | 5,000 | (588) | 4,412 |
| 176,275 | (531) | 175,744 | |
| Restricted funds | |||
| Jacey Building | 3,037 | 3,745 | 6,782 |
| Macedonia fund | 960 | (780) | 180 |
| Restricted fixed asset | |||
| 1,152,422 | (17,187) | 1,135,235 | |
| Artwork | 2,000 | - | 2,000 |
| 1,158,419 | (14,222) | 1,144,197 | |
| TOTAL FUNDS | 1,334,694 | (14,753) | 1,319,941 |
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DUKE STREET CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Church Fund - designated Hardship Fund - designated Ron Legacy - designated Restricted funds Jacey Building Macedonia fund Restricted fixed asset TOTAL FUNDS |
Incoming resources £ 147,010 8,000 1,000 - 156,010 6,003 680 - 6,683 162,693 |
Resources Movement expended in funds £ £ (147,953) (943) (8,000) - - 1,000 (588) (588) (156,541) (531) (2,258) 3,745 (1,460) (780) (17,187) (17,187) (20,905) (14,222) (177,446) (14,753) |
|---|---|---|
Restricted Funds
Fixed Asset Fund - relates to assets acquired by the church. Jacey Building - up keep of Jacey Building
Artwork Fund - To be spent on artwork for the church.
Macedonia Fund - money collected and donated to a church in Macedonia
Designated Funds
Hardship Fund is a discretionary fund available to provide financial relief to members of the community agreed by the trustees.
Ron legacy project - to be spent on items approved by the trustees.
Church fund - to be used as part payment of the pastors salary.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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DUKE STREET CHURCH
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2020 | |||
| 31.12.20 | 31.12.19 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Gifts | 5,152 | 9,001 | |
| Donations and collections | 84,890 | 91,730 | |
| Gift aid | 16,498 | 18,397 | |
| Job Retention Scheme | 2,833 | - | |
| 109,373 | 119,128 | ||
| Other trading activities | |||
| Room hire | 2,669 | 12,605 | |
| Coffee shop income | 5,826 | 15,367 | |
| Rents received | 11,800 | 12,683 | |
| 20,295 | 40,655 | ||
| Investment income | |||
| Interest receivable - trading | 387 | 372 | |
| Charitable activities | |||
| Youth Activities | 791 | 2,538 | |
| Total incoming resources | 130,846 | 162,693 | |
| EXPENDITURE | |||
| Other trading activities | |||
| Purchases | 3,878 | 7,627 | |
| Charitable activities | |||
| Wages and salaries | 47,749 | 65,179 | |
| Social security | 707 | 1,849 | |
| Pensions | 2,275 | 3,234 | |
| Rates, water and energy | 5,558 | 4,301 | |
| Insurance | 2,096 | 1,661 | |
| Administration expenses | 7,333 | 6,551 | |
| Activity expenses | 890 | 12,799 | |
| Cleaning and maintenance | 8,481 | 13,338 | |
| Church service expenses | 815 | 1,275 | |
| Mission and giving | 44,270 | 21,027 | |
| Youth expenses | 1,171 | 2,858 | |
| Furniture project | 2,778 | 5,395 | |
| Ministry expenses | 595 | 1,575 | |
| Flat expenses | 6,445 | 3,833 | |
| Community activities | 933 | 1,612 | |
| Missionary flat expenses | 2,425 | 2,258 | |
| Gifts | 1,221 | - | |
| Advertising | 354 | - | |
| Freehold property | 14,200 | 14,200 | |
| Long leasehold | 600 | 600 | |
| Fixtures and fittings | 3,211 | 2,387 | |
| 154,107 | 165,932 | ||
| Support costs |
This page does not form part of the statutory financial statements
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DUKE STREET CHURCH
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2020 | |||
| 31.12.20 | 31.12.19 | ||
| £ | £ | ||
| Support costs | |||
| Governance costs | |||
| Sundries | 90 | 90 | |
| Accountancy and legal fees | 2,160 | 3,797 | |
| 2,250 | 3,887 | ||
| Total resources expended | 160,235 | 177,446 | |
| Net expenditure | (29,389) | (14,753) |
This page does not form part of the statutory financial statements
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