||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|2|
|Independent
Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Financial Statements||6|to|11|
|Detailed Statement ofFinancial Activities|||||
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||||FOR THE|YEAR END|ED 31STDECE|MBER 2020|||
|---|---|---|---|---|---|---|---|---|
||||||||31/12/20|31/12/19|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes|||||
|INCOME|AND ENDOWMENTS||FROM||||||
|Donations|and legacies||||262,469|29,262|291,731|292,389|
|Investment|income||||39,984||39,984|36,412|
|Total|||||302,453|29,262|331,715|328,801|
|EXPENDITURE ON|||||||||
|Raising funds|||||40,895|29,262|70,157|71,116|
|Charitable|activities||||||||
|Overheads|||||113,348||113,348|145,253|
|Other|||||71,507||71,507|71,273|
|Total|||||225,750|29,262|255,012|287,642|
|NET INCOME|||||76,703||76,703|41,159|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||forward|||682,354||682,354|641,195|
|TOTAL FUNDS CARRIED FORWARD|||||759,057||759,057|682,354|
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|31|STDE|CEMBER 2020||||
|---|---|---|---|---|---|
|||||31/12/20|31/12/19|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets||565,431||565,431|572,783|
|CURRENT ASSETS||||||
|Cash at bank||196,578||196,578|112,787|
|CREDITORS||||||
|Amounts
falling due within one year||(2,952)||(2,952)|(3,216)|
|NET CURRENT ASSETS||193,626||193,626|109,571|
|TOTAL ASSETSLESSCURRENT LIABILITIES||759,057||759,057|682,354|
|NET ASSETS||759,057||759,057|682,354|
|FUNDS||||||
|Unrestricted
funds||||759,057|682,354|
|TOTAL FUNDS||||759,057|682,354|
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||||31/12/20|31/12/19|
|---|---|---|---|---|
|Depreciation - owned assets|||7,352|7,703|
|TRUSTEES' REMUNERATION||AND BENEFITS|||
||||31/12/20|31/12/19|
|Trustees'|salaries||71,507|71,273|
|Trustees'|expenses||||
|STAFF C|OSTS||||||
|---|---|---|---|---|---|---|
||||||31/12/20|31/12/19|
|Wages and|salaries||||104,219|98,964|
||||||1047219|98,964|
|The average monthly||number ofemployees||during the year was as follows:|||
||||||31/12/20|31/12/19|
|Trustees|||||5|5|
|Leadership/Administration|||||4|4|
|No employees
received emoluments|||in excess ofK60,000.||||
|COMPARATIVES||FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||||Unrestricted|Restricted|Total|
|||||fund|fund|funds|
|INCOME|AND ENDOWMENTS||FROM||||
|Donations|and legacies|||259,479|32,910|292,389|
|Investment|income|||36,412||36,412|
|Total||||295,891|32,910|328,801|
|EXPENDITURE ON|||||||
|Raising funds||||38,206|32,910|71,116|
|Charitable|activities||||||
|Overheads||||145,253||145,253|
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||NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31STDECEMBER 2020|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31STDECEMBER 2020|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31STDECEMBER 2020|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31STDECEMBER 2020||
|---|---|---|---|---|---|
||COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES - continued|||||
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||Other||71,273||71,273|
||Total||254,732|32,910|287,642|
||NET INCOME||41,159||41,159|
||RECONCILIATION|OF FUNDS||||
||Total funds brought|forward|641,195||641,195|
||TOTAL FUNDS CARRIED FORWARD||682,354||682,354|
|7.|TANGIBLE FIXED|ASSETS||||
|||||Fixtures||
||||Freehold|and||
||||property|fittings|Totals|
||COST|||||
||At 1stJanuary 2020 and 31stDecember 2020||630,042|32,291|662,333|
||DEPRECIATION|||||
||At 1stJanuary 2020||61,464|28„086|89,550|
||Charge for year||6,301|1,051|7,352|
||At 31stDecember 2020||67,765|29,137|96,902|
||NET BOOK VALUE|||||
||At 31stDecember 2020||562,277|3,154|565,431|
||At 31stDecember 2019||568,578|4,205|572,783|
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|8.|CREDI|TOR|S|: AMOUNTS|FA|LLING DUE WITHIN ONE YE|AR|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31/12/20|31/12/19|
||Accrued|expenses||||||2,952|3,216|
|9.|MOVEMENT|||IN FUNDS||||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1/1/20|in funds|31/12/20|
||Unrestricted||funds|||||||
||General|fund|||||682,354|76,703|759,057|
||TOTAL|FUNDS|||||682,354|76,703|759,057|
||Net movement|||in funds, included||in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
||Unrestricted||funds|||||||
||General|fund|||||302,453|(225,750)|76,703|
||Restricted
funds|||||||||
||Restricted
fund||||||29,262|(29,262)||
||TOTAL|FUNDS|||||331,715|(255,012)|76,703|
||Comparatives|||for movement|in|funds||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1/1/19|in funds|31/12/19|
||Unrestricted||funds|||||||
||General|fund|||||641,195|41,159|682,354|
||TOTAL|FUNDS|||||641,195|41,159|682,354|
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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|295,891|(254,732)|41,159|
|Restricted funds||||
|Restricted fund|32,910|(32,910)||
|TOTAL FUNDS|328,801|(287,642)|41,159|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/1/19|in funds|31/12/20|
|Unrestricted|funds||||
|General fund||641,195|117,862|759,057|
|TOTAL FUNDS||641,195|117,862|759,057|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|598,344|(480,482)|117,862|
|Restricted funds||||
|Restricted fund|62,172|(62,172)||
|TOTAL FUNDS|660,516|(542,654)|117,862|
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||LIVING LIGHT CHRISTIAN CHURCH, TAUNTON|||
|---|---|---|---|
||DETAILED STATEMENT OFFINANCIAL ACTIVITIES|||
||FOR THK YEAR ENDED 31STDECEMBER 2020|||
|||31/12/20|31/12/19|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Gifts tithes &offerings||240,263|250,585|
|Gift aid||51,468|41,804|
|||291,731|292,389|
|Investment
income||||
|Rents received||39,984|36,412|
|Total incoming
resources||331,715|328,801|
|EXPENDITURE||||
|Raising donations
and|legacies|||
|Gifts tithes &offerings||70,157|71,116|
|Charitable
activities||||
|Honorarium
&salaries||32,712|27,691|
|Office administration
costs||11,714|6,535|
|Books, CDs &publications||1,687|273|
|Children's
work||1,039|1,081|
|Church events||446|12,651|
|Evangelistic &outreach||496|1,573|
|Leadership
events &training|||379|
|Repairs renewals &cleaning||26,667|45,517|
|Rent ofpremises||5,964|14,356|
|Licences &subscriptions||1,582|1,147|
|Utilities &waste disposal||12,098|10,313|
|Travel &hospitality||6,195|10,137|
|Independent
examiner's|fees|1,368|1,238|
|Insurance||4,028|4,659|
|Freehold property||6,301|6,301|
|Fixtures and fittings||1,051|1,402|
|||113,348|145,253|
|Other||||
|Trustees'
salaries||71,507|71,273|
|Total resources expended||255,012|287,642|
|Net income||76,703|41,159|
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