**Company Registration Number 05163144** **Charity Registration Number 1104981** **CHRISTCHURCH CLAYPATH DURHAM (A Company Limited by Guarantee)** ## **REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 SEPTEMBER 2020** CHRISTCHURCH CLAYPATH DURHAM (A Cowpany iAmited by C￿￿￿ter> REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31) sE￿EMBER 2020 Page5 Directors,￿rIs¢£u, Report 1104 Independent Examiner's Report Stliement Df Fingnclal Aetlvlti&Summ8ry Ineomt And Expewdllwre Account Balance Sheet Statement of C•5h Flow Nolts ¢0 the FiThAncial Si#ternonts 910 17 Page I CHRISTCHURCH CLAYPATH DURHAM (A Coffjpany Limited by G44rnOtec) DIRE￿ORS'rrRUSTEES, REPORT FOR THE YEAR ENDED 30 SEEryEMBER 2020 The Iruslees are pleased io present their reiKrt togrfher with the ￿na￿li1¢d financial statements of the eharithble company (the charity) for the yeor ended 30 September 2020. The tnlYee5 hgve adopted the provisions of The Stalement of R￿QmMended Prattice (SORP) 'Aecourtting ar￿ Reporting by Ch￿111￿$. (FRS 10?) in preparing ihe annual report and riuancial 5tai¢meThts of ihe charity. The financial stai¢ments have been prepared in ￿e0rdIntt with the accounting FN)Iici¢5 5¢¢ out in notes to the accounts and comply with ihc charity's governing document. the Charities Aa 2011 and 'Accoun¢ing and Reporting by Charities: Sratemeni Df Recomfflended Practice applicable io charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in ihe UK and Republic of IrelatKI', published in Ociob¢r 2019. REFERENCE AND ADMINISTRATIVE INFORMATION Charlty Name: Christ¢hwr¢h Clayp*h CDmpAny Reglstrntion Nurnber: 05163144 (EnglarKI and Wale5) Charity Reglstr*tloD Nurn￿r: 1104981 Regtstered Otrite: Chri*chwrch Durham Claypath Durharn DHI IRH Directors and Tru5tee5: Reverend A.T. Jones Reverend D.IL Gibb Mr. A. Straker Mr. D. Buckley Mr. J. Ckave Mr. R. Mole Church Managerrnre95urer. Mr. C. W￿d Independent ExAmlner: Mr. J. Lester FCA Baines Jewitt Limi*d Barrin8ton Hwse 4145 Yarni Lane S(ithon-oTrTees TS1¥3EA BoAker5: Th¢ C(W￿￿tive Bank P.0. Box 250 Delf House Souihway Skelmer5dale WN8 6wr licitDf5: Monro Wrighi & Wasbrough LLP 7-8 Great James Street London WCIN 3DF Page 2 CHIUSTCHURCH CLAYPATH DURHAM (A CompAAy Limited by Gu#r4n¢oe} DIRECfoRS'￿RuSTKLs, REPORT FOR THE YEAR ENDED 30 SEFfEMBER 2020 srRUCTUR& GOVERNANCE AND MANAGEMEwr Goverlllng DtsrwmeAt Chrislchurch Claypaih Durham is a company limiied by guarantee, regimered in England (d*e of incorporaiion 25 June ?004). having a Memorandum and Article5 of As50ciatiw a% its governing dLKumenL Trustees The TrusL currvryily h95 Six trustee5. comprising mvmbeT5 of the chrI￿Ch￿￿h congrwtion and individuals from outsid¢ Durham who have leadership positi￿1$ in othew churthes. Individua15 are selected on the basis of Chrimian maturiry. leadership ability. and prof¢55ional expertise. Tn￿ must aLso annually give signed assent io thed¢fini¢l￿ of Ihe Christian faith described in the Articbes. The trusieES or¢ Chaired by the Minister of the chuTch. Reve￿nd A.T. Jones. P*y Policy for Key m4n4ge￿ellt Per￿￿ne1 The Salary of ihe key managemen¢pe￿onnel 15 reviewed annually. 7he1n￿ benchmark against pay levels in otherssmilar organi5aiions. Rtl#ted P4rtie5 h¢r than a5 disclosed in n(Aes 12 and 23 10 the fuwicial Stalemem￿ there were no reponable Tel￿ed party Iransaction5 during the year uThder review. oWE￿s AND A￿1VITIEs ChristchuTch DuFham is an evangelical church. based in the cen￿e of Durham. which Serves a breadih of age groups ond naiionaliiies irt¢luding senior citizen& familie4 young adults and 5wdents. The principal objective of the church is the advancemeni of th¢ Christban faith. As such. we Undert￿e a wiety of weekly atKI monihly aciiviiies with a Christian focus, including- Two Sunday services during ihe morning evening Children's Church and crèche during the Sunday morning meding lThtroduclory Chrisiionity £YplOredcour￿ for newcomu5 Mums and Toddlers group Friday evening Youth group for 11-18 yedr olds Mid-wttk groups &eross Durham, providing Bible and paAoTrl yjpport All-congregaiion monihly prnyw meelings A Ministry Training Scheme for people considering fulmirne Chri4ian work Christian ministry training for Siuden Breakfu51 meeiings to build men'5 and women'5 fellowship Weekend retreat and fellowship for the families, congregaiion ove￿45 mission trip5 All-chur¢h training days ACHIEVEMENTS AND PERFORMANCE Families The family congregalion currenily includes amund 140 ￿Ul1$. plus 60 children who allend Children'5 Church and 12 who attend CTèche. In addition, tsFuests and visiiors attend ihrwghoul the year. A dedicaied family rninisier ensure5 5UPPOrt and pastordl care for Ihis ministty. Whilst we have legally allowed to open during lOckth)W￿ we have conducted a hybrid servi¢e with a restricied eapacity in the i￿1]dIng and the ￿st of our ￿UrCh familyioinins Z{￿1. Childre Children'5 activities were regularly held during theyeAr. including Children's Church for church family dbildren and iemly family fun day5. The Mum5 and Toddlers groupl&ickyFingers} ha5 been nmnin8 for 14 Ye￿S. with attendance regularly tsround 30 childT¢ plus 30 adulis. Stieky Fingers meets on a We(Inesthy moming in Belmoni Community Association. During the pandemi¢, Sticky Fingers Tan online with around 12 ehiklren attendiTh& PAge 3 CHRISTCHURCH CLAYPATH DURHAM (A Company L4mlted by Guarautee DIRECTORS'rrRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020 ACHIEVEMENTS AND PERFORMANCE (CowAN#edJ Youlh Ouryouth Tninislry 15 iargeied across the 11-18 year old age group. Th¢rv were 10 people regularly attending ihough during lotkdown this reduced 10 7. These groups now meet iogether on a Friday evening for a meal and games and then split into different age group5 for the second half of the evenin& These wups are overs¢¢n by our full-iime Assistsnt Minister who 15 supponed in ihe running of each group by one ofour minis￿ Associa1¢5 on the MTS 5theme. Students Around 200 Durham University students coniinue io attend oursunday evening m¢cting set up specifically to meeL ihe needs of students. During lockdown. th¢ m¢elipgs have been running &s a hfvKI gathering with some in the Christchurch building and the remainder gaihering on Zoom. The mid-wttk Bible ShKly c(wrse for students continues in the same locaiion. During lockdown, this rJn primarily on Zoom and attrdets around 245 Mudents each week. A welcome supper was organised for fresher students joining our F(Kus Group at the sthrt of Ckiober 2019. The number of intemaiional students attending our church this pa51 year has been around 15 in an average week. This year we rnn a group 5p¢cifically for Japanese S￿dents called Monday Club. as w¢ll a5 our regular meeting for iniernaiional $ludents. iclub. Leaders also organis¢ regular trip& walks and mea15 in their home5. Hosting The 'Adopf u Siiidenl, iniliaiive continues to be appreciated by ￿U(k￿lS and families. Appmximately 75 siudents are linked wilh a particular family or individual withirt the Congregati￿ and enjoy mea15 togeiher thToughoui the year. Womcn We have a thdica*d Women's minimer who addresse5 the paAoral and fellowship needs ofwomen in the area. Around 20 women with iheir children allend Women's Bible Siudy whik others attended various breakfast meetings and 5eminar5. Car¢¢r Opportunities We were able io olTer 5 pl￿¢$ on our Ministry Trnining proB￿￿e. Thi5 irnining r￿1￿MMe is for those grnduales considering full-lime Chrt5tian work. Trsining Our staff and voluntttr5 have again aiiended various training pYo8fdmmes in the areas of Fire Safety. Firsi Aid and Fot Hygiene, io ensure thai our professionalism in this am i5 CUTrent. In order io womo¢¢, ¢(wrdinDie atHI manage these ￿1VIlle5 the church has significant support and administrative costs. The irusiees regularly review the obi¢¢ts and activilie5 of the charity and. a5 part of this review. they have eonsidered the Charity Commission'5 g¢n¢rJl guidance on public benefil arf in panicular. its suppl¢menlary guidllnce on ihe advancement of religion for the public benefii. Gratc Chllrek Newton Hall In April 2017 a new (Dngregation was planied in the N￿on Halb'Frdmwe1l￿t¢ m￿)r ar4 north of Durham City. Around 34 adults and14 thildren moved from the main congregaiion io fomi the plant. In September ?O?O this eongregation became fully independeni ofchri51church Durham and therefore is no longer legally or fingn¢ially part of Chrisichurch Durham. Coronavirus (COV1[￿19) In March ?IPO, along with the resi of the county, Chrislchurch Dutham had to ¢105e all physical meeiing5 and guthering5. We soughi. where possible, to Tun m051 of our ministri¢s and group5 online using Zoorn. This included Sunday Service groups for Inlernational Siudenis, Group5 for those InVe￿I8a11ng the ChrisiiaTh Faith. Sticky Fingtts. mid-week sm911 group Bible Siudie5, Scudeni Bible Study group5. youih grwps prnyer meeEings. During thi5 limc. we were joined by people for many of our events from all over the ¢ounty and the world. Our meeiings b¢8an w resume in person in Ortober 2020 and at present, in June 20?1. we are continuing lo 'imlo¢k' our miniwies in line wilh the Government's roadmap for unlocking the eountry. Page 4 CHiusfcHURCH CLAYPATH DURHAM (A Company Limiled by Gu8ranlee) D1RE￿oRS9rrRUSTEEs, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020 FINANCIAL REVIEW ln l¢rm5 of our overall income and expenditur< including iwxh restrided and unrestricEed fvnds. w¢ had net incoming re50urc¢5 for the financial year of £6.14? (?019: net OUl80ing r¢s(wrces of £18.038). The nomjal annual1recu￿Ing income and cxp¢nditure acros5 our unrestricted funds refleaed a surplu5 of ￿rn¢ £6.203 for the year under review (?019: deficit of £13,697). When adjusted for this year's rton-cash depreciation of £6,030 (2019= £7.609), the revenue account for the general running of the church reflecied o cash surplu5 of £12J3 (-W19: cash dEfiril of £6.088). The BalBnce Shed at 30 September2020 reflects i(A41 net aS￿ts of £1089.050 (30.9.19: £2.083.508) of which £nil (30.9.19: £61) represents unspent restricied funds. which were fvlly Ca51￿Cked in ¢¢m15 ofour available bank and balanees. The trusie¢s re￿￿1n confideni as regards the ongoing fmancing of the d￿rth'S commilmenls over ihe medium and longer- lerni fu¢ure. Investment Policy The charity's surplus funds continu¢ to be invested on currtnt deposit aecounts wtth The Cowoperdiive Bank. ResEr¥es Poli Throughout ihe year under review. al￿ in ry¢v1(￿s cash flow h&% remained p05it?ve (kspiie the usual 'peaks Bnd oughs. throughout the course of earh year. Hislorically, li has been the ini¢rttion of the trustees 10 endeavour io aehieve and maintsin ca5h-backed unr¢51riried fund5, which are the free reserves of the charity. ai ihe greater of £IOO,000 or three months, gr055 expendiiuT¢ within ihose unresiricied funds. Reser¥e5 remained considerably below ihis level &tthe beginning ond end of the year und¢r review and ihe m￿lee5 are rttonsidEring their minimum reserves poli¢y for ihe CUTreni and future occollnting periods. whilst continuing Io PUT5ue a sU￿lUS ofc&h income over expendiiure in order io replenish bank and cash reserves. Risk Management Th¢ trustee5 have always given due care and attention to the risks the thurLth face5 and athninister the eharity's finances and a5seis in a way ihat idenlif5e5 and manages risk. PLANS FOR FUTURE PERIODS Christchurch Claypaih Durham will again run a Mini5tiy TrJiDing Scheme and hopes to offer voluntttr opponuniiTres 10 7 people in September 20? l. The receni coronavin￿ pandemic ha5 a sisnifirant imFocI on the operniions of Lhe church and as such Many plans for futur¢ period5 have been put on hold whilst the tru￿ttS awaii furth¢r government guidance on l(Kkdown and social distaneing rule& In line with the government's roadmap forunloeking the county. plans have been put in place for unloeking the various ministries of Christchurch Durham. Many of our midweek groups are now meeting in p¢r50n and following COVlt>5¢cure guidance and wr18oermeeiings are currenily q)erdting as hybrid meeiings with sorne joining in p¢rson and s(Nneioinin8 (mline. Thi5 report has been prepared in accordance with the special provisions of Part 15 ofthe Companies Aa relating io srnall companies. Approvlll Thisieport wa5 approved by ihe direci*)rs ort ?5 June 2021 and Sigll￿ on their behalf by: CIoAve DIr¢¢lor￿r￿sl¢c INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTCHURCH CLAYPATH DURHAM Page 5 I report to the charity trnsttts on my exarninaticffl of ihe ac¢owits of the ¢ompany for ihe year ended 30 September 2020 which are set oui on pages 6 ￿ 17. Re5pon5ib¢lities ind Basis of Report A$ th¢ rharity I￿￿t￿S of the company (and also its direcwr5 for ille purp05¢5 of company law) you are responsil)le for the prepar41ion ofthe accounts in accordante with the iewsrernents of the Cwpanies Aci iK161'the 2(X)6 Act,). Having satisfied myself ihai the accounts of the cornpany are required io be audited under Part 16 of Ihe ?￿6 Aet and are eligible for independenl examinaiion, I rep￿ in rest*d of my examination ofyour company'5 account5 a5 carried out under section 145 ofthe Charities Aci 2011 ('th¢ 2011 Act.). In canying out my examination I have followed the Direciions given by the Clbarity Commission srfiion 145(5Mb) of the ?01 l ACL Independent Ey*mineT'S StatemeDt Since the company's gross incotne exceeded L?50.rm. your examiner be a member ora body listed in Section 145 of th£ 2011 Act. I confim thai l am qualified io undeTtak¢ ih¢ examination because l am a member of the In5tilule of Chartered Accouniants in England and Wales (ICAEW). Ivhich 15 oTre of the listed t￿les. I have compleied my examination. I confimi thai no maller5 have come w my alleniion in connection with the examinalion giving mt eause to believe th￿ in any maierial res￿L ¥¢ouniing re¢ords were noi kept in respea of the company ￿ required by section 386 of the ?006 ACL. or ¢he Kcounts do noi accord with ihose r￿(￿d￿- or Ihe accounts do comply with the accouniing requirem¢nts of se¢iion 396 of the 2006 Act ￿her than any requirement that the aecounts give a 'm* and fair view. whi¢h is thm a matter considered 18 part of an ind¢p¢nd¢nl examination; or Ihe occovnts have not been prepared in accord3nr¢ with th¢meth(Kls and prynciples ofthe s￿lement of R¢con]mended Practice for aceounting and reporning by charili¢s applicable to chariiies preparing their accoun¢5 in accordance with Ihe Financial Reporting Standard applicabk in the UK Republic of Ireland {FRS 102). I have no concerns and have corne across no other matt¢r5 in connection with the examination to whith altention should be drawn in this ￿pOrt in order lo enabSe a prow ￿￿dIng of the xcounts to be reached. Mr. J. Lester FCA Baines Jewilt Limited Chartered Accountants Barrington House 4145 YArrn Lane Slotkion-00-Tee5 TS183EA Dated: 25 Juthe 2021 JUAJD P*ge 6 CHRISTCHURCH CLAYPATH DURHAM (A Company Limiled by Gll*rnnlee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEvfEMBER 2020 (including Summary Income and Expenditure Account) Re5triet¢d Futtd¥ 202 ?019 Totsl Funds 2020 2019 Not 2•20 2019 INCOMING RESOURCES Income and EDdowThents from: Donllii0ft5 and legucie5 Other aclivitscs IDvuim¢This Oiher incom¢ 411,025 7,124 451 J?7 21.878 61 14.445 41 1.025 7.124 451.588 36.3?3 15,911 20.423 TOTAL IIYCOME 493.829 14.x 434W70 508.335 R￿OuRCEs EXPENDED ExpEhditure •D: Chariiable A¢iiNiti¢s 427.928 513.767 427.928 5?&37J TOTAL LXPENDITURE 427.928 513.767 12.( 427,928 5?&373 Net IRcoming1{O￿¢g•1ttg1 Resou￿t$ btfort Tr*n$f¢rs 142 119.938) 1.9tMJ 142 (1¥.0381 Gros5 TriN5fer5 betwrub FuNds 61 6241 16.?411 Net Mowemellt ill Fund5 {13th97) 161) 14.3411 142 118.0381 Re¢othdll#ilfji of f#od5: Toial fLLTrd$ brO￿t fonvsrd 2Jl83J47 i(V)7.14 61 4.40? 2.083J08 2,101,546 To¢•1 Fulds C*rrled Forwlid 21￿21 1083.447 61 2.D89WO 2,083.508 Th¢ sthtLll￿i orri]wnEial AcLivi1￿ incluths fjll galns I￿1 Iossc5 TCCO8ni5td in the ym. All incoming rtsouKLs T￿L￿fLYs Lxpded derive fNMn cO￿l￿11n8 xtivitic& Thc nttts rA8es 9 to 17 fom) ofthe* firwKiJl ￿eMeN P#gc 7 CHIUSTCHURCH CLAYPATH DURHAM (A CompAAy Limited by Gusra4tee) BALANCE SHEET AS AT 30 SEPTEMBER 2020 2020 2019 N•te FIXED ASSETS Tangible assets 14 2.159J25 1162,801 CURRENT ASSETS Debtors Stock Cash at bank and in hand 15 26.309 2.965 7.407 3,881 14*90 S7277 36,681 CREDITORS: Amounts fallln%due wllhln on¢ ye4r 16 (43J33) (?5,313) NET CURRENT ASS￿5 13.944 11.368 TOTAL ASSETS LESS CURRENT LIABILITIES 2.173269 1174.169 CREDITORS: AmtsuNts fallin% duc #ftcr more than one year 17 (83.619) (90.661) NET ASSETS 2,089.650 2,083.508 FUNDS UnTestricied fu￿lS Restricted fund5 11 2.089,650 ? 083.447 61 TOTAL FUNDS 20&21 2.089,650 ? 083,508 The direclorsJ'tnJstee5 are satlsfied ihai th¢ charitsble is eniiikd ￿ exemptton from audit under Section 477 of ihe Companies Aci 2006 for the year ended 30 Stptember?O?O. The member5 hav¢ not required the chAritAble crnipany to oirtain an audii of its fman¢ial slaiements for the year ended 30 September ?020 in accordance with Seaion 476 of thE Companies Act 21NJ6. The directr￿trUs(eeS Kknowledge their re¥yonsibililies for. ensuring that thE tharitable company kttps aCc{￿n11n8 reconls which comply wilh &cii(m5 386 arml 387 of ihe Companies Act ?006" and preparing financial Slatements which give a truv pl￿ fair view of the of affairs of ihe Charitable company as at Ihe end of the finan¢ial year arbd of its profit or loss fi* the financtal >ear in accordance with the requirements of Seaion5 394 and 395. and which (rtherwise compty with the requirements of the Companies Aci 2006 relatlng financial 51aternents, so far 18 are applicable io the chariiabl¢ wmpany. These finan¢iol 5talements have been prepared in accordantt wilh the special FYovision5 for small compJnie5 under Part 15 of ihc Companies Act relating 10 Small compan￿* Approved by the direeioT5 and trusiees on ?5 ju￿ 2021 and signed on their behalf by- . Clt8ve Dlr¢etDrryru51ee The nolcs w pages 9 ￿ 17 r(rfm ofth¢s¢ rmanc1￿ 5wemth PAge 8 CHRISTCHURCH CLAYPATH DURHAM IA Company Llmlted by G￿r•nICe) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2020 2020 2019 CAsh innowl(outliow) from operating aetivilbts 24 20J16 {17,39?) Cash Inflowl(outflow) from investing #¢tivltl¢s: Payments to aequÉre tangible fixed assets Inierest received {2J54) Net cash Inllowl(outnow) from iNvesting 4etiviti (2J54) C4sh inflowl(outnow) from fin4￿cl￿g aclivitbes: Repaymeni of loans Repaymeni of mortBa8e Interest paid (5,000) 113,690) (4,190) (7.042) (3,737) Net eash oulllow from financiAg aetivltks (10.779) (22,880) Net inrrE85¢1(decreasc) in cash and exsh equiYxleTrts in yur (40271) CA5h cash equivalents at the beElnnln% of ihe year 7,407 47.678 Total ￿5h and cash equlvalents at the end of tkn ye*r 14090 7,407 CAsh ond cgsh equSvAl¢nts roll515É or: Cash at bank and in hynd 14WO 7.407 ThE Mte5 ￿ pw 9 ￿ 17 fomi part ofthcse fi￿claI 5wemcnts P4gc 9 CHIUSTCHURCH CLAYPATH DURHAM (A Company Limited by Guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 CHARITY INFORMATION The charity (registered number1104981) isa public benrfttenlity incorpordted in the UK ¢)n25 June?￿4 a5 a company limited by guarantee. In th¢ event of the charity being W(Mu￿ up. the liability in respect ofthe guaranltt is limiied io £ I per member of the charity. The address of the regi￿tred oifice is given in the charity inform*ion on page l ofthese financial statements. ThE charity'5 principal activity is the alvancement of the Christian faiih. BASIS OF PREPARATION OF THE FINAf4CIAL sfATEMENTS Ba￿5 of Prep•rnllon and A5sessAbent of Goi•E Concern The chariry constityte$ 8 public benefii entity as defined by FRS 102. The finarteial statements have been prepar¢d Orb a going concem basis under the historical cosi convention and in accordatKe with applicable accounting stsndard5. th¢ Statement of Recommended PracLice: Attounting and Reporting by Charities preparing their accounts in accord4llC¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reptyling Sthndard applicable in the UK and Republic ofirelatyj (FRS 102), the Chariiie5 Aci ?0 I l and the Companie5 Act ?006. The trU￿CeS consider there we no material uncertainties Bround the charity's ability 10 conlinue os a going Concern. ACCOUNTING POLICIES (4) In￿MIng Re50¥rees Incorne received by way of grants and thTrations is Incl￿ in the &aiement of Financial Adivitie5 when the charity is legally entitled io the income after any performance condiiions have been met, Ihe amount can measured reliably. and it is wobabk thai the iAcom¢ will be ttceived. Income is recorded as being Frotn thurch members (coIkni￿n￿reSuIaT giving) or from supporter5 who ar¢ no¢ regular atiendees of the thureh in Dutham (gifts and d(m￿X)nS). Where donors specify ihat grants and donations are for ￿rtIcUlar restricted purpose4 the incom¢ is inclwjed in incoming resources &4 restricted fund& Where d¢Mors specify that income must be applied in a the itKome is deferwd until those periods. (b) Rcgourccs Expended Resources expended are included in the Sw¢m¢ni ofFinancial Aaivities on an acert￿lS basis. inclusive ofvAT. Any expenditure which is for a spe£ifir is sI￿￿Tr a8ainM the restrieied fund for that purpose. All other expenditure is deemed io be for the generdl purpose5 of the charity aTKI is recorded againsi 8eneral unresiricicd fund& Individuol ¢osts are alloCa￿d between th¢ various IK&Jings in the Staierneni of Financ￿1 Aciiviiies by reference to ihe und¢rlying nature or reason which those costs were incurred. Page 10 CHRISTCHURCH CLAYPATH DURHAM (A CowpA•y Limited by Gu8r4Nltt) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 ACCOUNTING POLICIES (Conllnued) (c) Tangible Ftxed A55ets DepreciAIio Tangible fixed assets belonging ¢0 Chrislchu￿h Claypath [￿rhaM are Staled al cosi less depre¢iaiion. Deweciation 15 provided ai th¢ following annual ra*s so as io ￿TIle olTthe c05L le55 e5timaied residual valu¢, of fixed as*ts over their eXF¢￿ed u5¢fv1 live5: Freehold land Freehold buildings Office furniture and equiFrfneni - see b¢low' 25°A rducing balance * The charity's ￿11¢Y is to depreciate th¢ freehold iwilding elemeni of its freehold property down to an estimaied residual value over50 years. Following inlpainnent reviews (and reloied provisions) of the initial Property in ihe year 10 30 September 2013 and of the subsequently xquired adjaceni property (32 CL4ypath, Durharn) in the year 10 30 September ?016. the trustees agreed a combined canying value of £2.140,000 firsi time adoption of FRS 102. comprising £140,￿0 for freehold tand and Qmillion for free￿Id buildings. It is the tTUSttts' ongoing policy io matntain the freehold propenies in a good state of repair such ihat estimaied residual value is at le￿ equal to book value. In ihe opinion of ihe truMttS. any depreciable amouni in relation to Ihe fr¢ehold buildings is therefore immaleri41 and hence. Subje￿ io an artnual review for any evidence or iwpiirmenl. no depreciaiion is being provided on freehold properry ai this lime. (dl Pension Costs CoDtribuiion¥ which are payable into a group PersC￿al pension attd IrKlivi￿al per50Thal pension schemes. are harged to the Statemeni of Financial Aclivilies in the period ￿ which they rela¢e. (¢1 Operaling L&ases Rentsls applicable th operaling leases. where substsniially all of th¢ benefits and risks of ownership remain wilh the le550r, are charged again51 revenue on a straishi lin¢ basis over the period of the lease. (r) Siock Siock is valued ai the lower of cost and net realigble value after thking into accouni slow moving ilcm5 using th¢ firsi-inifirsi•OUi basis. (g) DcbtDT5 and Crtdltors receivablelpayabk withi# othe y¢4r Debtors and crediiors with no 51ated interem raie •d ￿¢1￿￿b￿ or payable within one year are r¢corded Jt transaction price. Any1055e5 aristng from impJiTrnenl ¥r¢ recognised in expendiiure. (h) Loans and Borrow1• Loan5 and bcffrowittgs are initially recoBnised * th¢ Ir4n5JCtion wice including Msaciion ¢ost5. Sub5equen(ly. Ihey are measured at amortised cost using th¢ ¢ffe￿1ve inierest rate methLNI. less impainnenL Page 11 CHRISTCHURCH CLAYPATH DURHAM (A CompaHy Llmlt¢d by GN4raNtee) NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 INCOME FROM DONATIOI4S AND LEGACIES Unrestricted Fuods 20211 2019 Re5tT•rted Funds 20211 2019 Totsl 2020 2019 coll¢dion￿Tegul￿rBIYlnB Gif15 and donaiions Gifi aid w re¢overablc Govcrnmcni 5UPWIrt rc COVILk19 290323 46312 Y.185 193115 Jll440 75.(NYJ 58,078 29V2J 318.440 75.070 58.078 61 S4,l85 192U5 41 IW25 451.5?7 61 411.025 451,588 Th¢ ¢harity benefits srcuity frorn the lAvolvcma￿ I￿1 of its m4ny volunlcu% In aCCOTdance with acco￿￿￿ sthndard& lh¢ ¢E￿orniC coNrilwiion ofgertrdj volu￿¢￿5 is in the x¢ounts. INCOME FROM OTHER AcfiviTIES UDre5trirted F¥Ads 2019 Restricted Funds 2010 2019 To¢¥1 Fund5 2020 2019 Mid-y¢¥ ¢0nfu¢n¢e Oiher ¢v¢n15 14.445 14,445 21.878 7.124 21J 7.124 7.124 ?iJ78 14.445 7.124 36,323 INVESTMENT INCOME UttrLstri¢ted F¥wds 2•20 2019 Re5tr•cted FuThds 2020 ?019 TotMI FuDds 2020 2019 B￿k inl¢rcst OTHER INCOME U*r¢s¢rkld 2020 Re51Tirled Funds 202 2019 T•til Funds 1019 2020 2019 SalL Dfknoks. CDS ei Ren1￿ itleorne Service charg¢s Misr¢llsn¢ou5 iricome 1135 14.(MX 4.?76 12 35$ 12034 2A12 14.(YKJ IAIZ 12 1&921 ?0.423 IS.921 20.423 TOTAL INCOhllNG RESOURCES 493.￿9 434,070 508,335 Page 12 CHIUSTCHURCH CLAYPATH DURHAM (A CO￿pa*Y LAmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 311 SEPTEMBER 2020 EXPENDITURE ON CHARITABLE AcfiviTIES U*restrl¢ted F•wds 2019 Restricted Fuid5 2019 Tolal Fulds 2020 2019 Sthff c05t5 Siafrcx￿L%s DOE￿Il0n5 Mid-yearconf¢r¢n¢¢ Other ¢venis RLnl ofFloll}buth Hou Oth¢r vertue hire Trninimg ay￿ ctmfcMt¢s Depreeialion Book5 and CDS Oiher CkT*ndiiure sUp￿)rt cosLS- below Govcrnance CO45. %¢ below 273J47 273547 ?96.256 4,6011 21531 12.557 31122 29.650 9.206 2.605 7.609 3,068 4.044 97.317 4,800 22.482 49 iowo 11th17 29& 29h50 5252 6WO 302 4379 Joo 4.740 4J79 97JT7 4.740 TOTAL RESOURCE5 EXPEiYDED 427.928 513.767 427.928 51&373 Support Costs UAres¢ricted Funds 20211 ?019 R¢￿￿ted Fund5 2020 2019 TDt*l Funds 2020 ?019 7.040 7,040 oirice admLJJlSIrdtl(￿• priniin& wge and si)iion¢ry Fle￿ li8hi and wfysie disposTrl- Hollybllsh Hotssc Oiher TelLphone Advertising Travcl R¥pMirs and maimcnanc¢: Flollybush Hou5C 15.966 15.966 3.768 21.418 2.595 3,7611 1485 752 1.816 2.595 752 lJ16 3.440 3,440 1216 16188 8A32 IOJfA) lJ16 16188 8132 654 3.737 IQ560 ?3202 3,689 771 4.190 67 LLgal Lnd professionllj fce5 Child proi¢¢tsoD f¢ Mortgag¢ ¥nl¢T¢5I k ¢hArg 3.689 771 4.1￿1 67 1737 97J17 80JIXI 97,317 GDvernan¢e Costs FuDd5 2019 Rc5¢ricted Funds 2020 Tot41 Funds 2020 2019 2020 A¢¢oLLnian¢y wjd iDdcrKndeni cxamin4lion fccs 4.740 4.740 4.740 4740 4,8(M) Page 13 CHRISTCHURCH CLAYPATH DURHAM (A CoNpa•y Limited by GuarRDlee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 NET INCOMINCI(OUTGOING) RESOURCES FOR THE YEAR This is sthted afterchaTging: 2020 2019 Depreciation and adjustsnents on disposal of rued assets Independeni Examiner's fee&. independent examinalion - accoiiJilTng and other seryices 6.030 3.600 10. STAFFCOSTS AND NUMBERS 2020 ?019 5alurie5 and wages Social security costs Pension costs (Iiole I l) 217,668 1&947 3&932 241.143 21,982 33,131 273¥7 296,256 The tota5 employm¢ni 1xnefj￿ iD¢luding employerConkn￿uIiOTr￿ of key management personnel were £50,486 (2019: £49,614). No employee received emoluments of more than £&).(￿. The average number of staff engaged during theyear was seven {2019: eight). The full-lime equivalent nllrn￿r of MalTengaged during the year was seven (VJ19: eighi). PENSION cosrs The pension costs of £36.93? (?019: £33.131) Tepresent payments io a group defmed coniribution pethsion scheme and individual pension schemes opemed in the Ddmes ofcertain employees of the charity. 12. TRUSTEES, REMUNERATION Reverend A.T. Joncs is employed by th¢ charity lo provide minisierial and administration services ai an annual salary of £?1,843 (th? 19: £21,843) plus pensÈon contrilxjtions of £5.991 (?019: £1.019) and w&8 reimbursed £165 (7019: £695) for specific business expen%& No ￿her In￿ee was reimbursed expenses during the year (￿19. nonel Chhvr than the above. no remuneration was paid or is due to b¢ paid io any tru51tt or to any PEf51)n conn¢cied to ¢hem. The chariry h&$ indemnity in5vrance on behalfof thetru5tees orr￿erS anddirect(ws. The cost of the premium included in these financial siaiements 15 £603 (2019: £614). 13. TAXATION As a registered charity, Chrisichureh Claypath fhjrham is exemw from lax on income under Section 505 of the Tax¢s Aci 1988 provided that such income is applied fly ¢lwttyble only. Pgg¢ 14 CHRisfcHURCH CLAYPATH DURHAM (A co￿paNY Umlted by Guaraulee) NOTES TO THE FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED 30 SEPTEMBER 2020 14. TANGIBLE FAXED ASSETS FreehDld Property: lld￿￿ Furiliore Tot#l Costlvalvgtlon Ai l October ?019 Additions ai cost Disposals 140,&) 2J91742 128,068 2WIIO 1554 2￿51 At 30 september2￿0 Aecumul8led Depr¢ci*¢iD At l Ociober 2019 Charge for ihe year Eliminaied on disposal 2J91742 130,622 2,663J64 392.742 IOS367 0,030 498,009 At 30 SeN£mb¢r 2020 Net Book Value AI 30 Sepiember ?019 392,742 111297 504,039 140.(MXI 2.(rfM>.I 22,801 ? 162,801 AI 30 September ?020 140,(N)O 1000,LW 19J25 2,159J25 Freehold Prnperty This £omwi5es the main church pwp¢rty known a5 Christchurch ￿￿karn Iwhich wa5 purchased in November 2010 with major refurbishment compleied in the year 10 30 September 2013) and 32 Claypath. Durham (whi¢h was purehased in May ?015 with majoT re(urbi5hment compleied in the year tD 30 Septernber 2016). IS. DEBTORS AND PREPAYMENTS 2020 2019 Grani income receivable Gift aid Lix recowerable Other debiors and pr¢paymenLS 1,021 7246 30,239 18,074 26,309 16. CREDITORS: AmounLS fAlllng dye wiihin one yeAr 2020 2019 Siewardship mortgage Oiher creditors and accruals 14,000 29J33 14.OWJ 43J33 25.313 P8g¢ 15 CHRISTCHURCH CLAYPATH DURHAM (A CompAlly lJmited by G￿r￿lItec} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 17. CREDITORS: Amoll#ts f#llinE due after more th*n one ye•r 2020 2019 Siewardship mortgage 83,619 90,661 In¢luded $￿ve Jre the followlttE xwouwts falling d•e IA more than Ilve year5: R¢payable by instslmentL" Stewardship mortgage 19,5(J2 28,013 18. SECURED DEBTS The following se¢￿red debts are included within erniiiths". 20 2019 Siewardship mortgage 97.619 104.661 The Siewardship mortgage is 5rfured by a legal charge daied 4 Mareh 2013 over the original freehold prop¢rty at Chri51chuTch Claypaih Durham. The mortgage is repayable ty mortthly instalments and is due io be repaid in Ofjlobcr ?026. AI 30 Sepiember ?020. interut wa5 payabl¢ & 3.75% on the capitsl balance. 19. OPERATING LEASE COMMITMENTS The following operating lease paymEnts were c(¥nmitted io be paid within one year frorn the Balance Sheei date: Land Buildings ?019 BllildinKs 2020 On leases expirin Wiihin one year 19,650 29.650 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS UDrestriclril R¢Mrid Total As at 30 Septembcr 2020: Tangible fixed asSdS Nei CUTrent assets Long4¢rn1 liabilitie5 1159J25 13.944 (83.619) 2.159J25 13,944 (83,619) 1089ffi50 1089,650 As #t 30 September 2019: Tongible fixed assets Net current &4sets Li)ng-leThi liabilities ? 16?801 11.307 (90,661) 2.16? 801 61 (90,661) 1083,447 01 2.083508 PA2e 16 CHRISTCHURCH CLAYPATH DURHAM (A COMp￿nY iAmitcd by Guarxntht) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 21. MOVEMENT IN FUNDS Tr•15fer5 At AEen ofye Unrestrieted F￿nds. General 2.083.447 434,070 427,928 2,089,650 Restricted Fllnds: Michael Kennedy 61 (61) Total Rtstrictod Funds 61 161) Totpl Funds 2.083308 434.070 427,928 2,089,650 Purpose of Restrkted Fynds: MlchaelKennedy- funding towards MTS %hem¢ {￿lminis1ered ty S*ward5hip). 22. CONTROLLING PARTY Throughout the curreni and pmious year. the chariry was under the control of the b)ard of trus￿e RELATED PARTY TRANsA￿loNs During the p¢riod under review. the charity renied a property owned by one of ihe trusiees Reverend A.T. Jone5. The rent payable and repairs to ihe property r¢flected within these financial sts*menis is 85 follow5: 2020 2019 Rent ofHollybush House. ￿thaM 29,65D 29,650 Repair5 10 Hollybush House. t￿rt￿n {under the i¢ms of the kase. the chariry has agreed to mainlain ihe pr¢mi5es and to underthke all repairs #s between the landlord and ienrthi) 1,216 10560 T￿al unre51ricthd donaiions Teceived frc4n rel&ed parti¢5 during the year under review amounted to £43,360 (?019: 21.600). 24. RECONCILIATION OF NET MOVEMENTS IN FUNDS TO CASH FLOW FROM OPERATING ACTIVITIES 202(1 2019 Nei movement in funds Add: Depreci#iion charge Interest payable Less: Interest receivable Ilnereaseydecrease in delx(w5 Inereasel