2020-12-31-accounts - Ipswich Community Church

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			Page
Report ofthe Trustees		1to6
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet		9to10
Notes to the Financial Statements		11	to 20
Detailed Statement of Financial	Activities	21	to 22

Balance Sheet 31 December 2020
				31.12.20	31.12.19
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	hlotes		6
FIXEDASSETS
Tangible assets	11	291,269		291,269	291,269
CURRENT ASSETS
Debtors	12	4,196		4,196	5,835
Cash at bank		23,557		23,557	30,620
		27,753		27,753	36,455
CREDITORS
Amounts falling due within one year	13	(7,591)		(7,591)	(6,077)
NET CURRENT ASSETS		~20 162		~20 162	~30378
TOTAL ASSETSLESSCURRENT
LIABILITIES		311,431		311,431	321,647
CREDITORS
Amounts falling due after more than one
year	14	(72,039)		(72,039)	(76,648)
NETASSETS		~239392	-	~239392	~244 999
FUNDS
Unrestricted funds				239,392	244,999
TOTAL FUNDS				239,392	244,999

Grants	received, included in the above, are as f	ollows:
		31.12.20	31.12.19
			5
Suffolk	County Council	5,000
Ipswich	Borough Council	2,440

Notes	to the Financial Statements - continued	to the Financial Statements - continued	to the Financial Statements - continued	to the Financial Statements - continued
for the	Year Ended 31 December 2020
9.	STAFF COSTS
							31.12.20	31.12.19
	Wages and salaries						31,278	32,638
	Social security costs						313	553
	Other pension costs						2,400	2,400
							~33 991	~35 591
	The average monthly	number of	employees		during the year	was as follows:
							31.12.20	31.12.19
	Leader						1	1
	No employees received emoluments			in excess off80,000.
	There is one full time	employee.
10.	COMPARATIVES FOR THE STATEMENT				OF FINANCIAL	ACTIVITIES
					Unrestricted		Restricted	Total
						funds	funds	funds
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies					41,088	1,100	42,188
	Other income					14,893		14893
	Total					55,981	1,100	57,081
	EXPENDITURE ON
	Charitable activities
	Church related costs					54,618	1,100	55,718
	Giving					3,895		3,895
	Total					58,513	1,100	59,613
	NET INCOME/(EXPENDITURE)					(2,532)		(2,532)
	RECONCILIATION OF FUNDS
	Total funds brought	forward			247,531			247,531

for th	e Year Ended 31De	cember 2020	cember 2020	cember 2020
10.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES-
	continued
			Unrestricted	Restricted	Total
			funds	funds	funds
	TOTAL FUNDS CARRIED FORWARD		244,999		244,999
11.	TANGIBLE FIXED	ASSETS
				Equipment,
				fixtures
			Freehold	and
			property	fittings f	Totals
	COST
	At 1 January 2020	and
	31 December 2020		291,267	14,440	305,707
	DEPRECIATION
	At 1 January 2020	and
	31 December 2020			~14438	~14438
	NET BOOK VALUE
	At 31 December 2020		~291 267	2	~291 269
	At 31 December 2019		291,267	2	291,269

Notes	to th Fin ncial Statements	- continued
for the	Year Ended 31 December	2020
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.12.20	31.12.19
				6
	Other debtors		2,134	3,889
	Prepayments		2,062	1,946
			~4196	5,835
13.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			31.12.20	31.12.19
			F
	Bank loans and overdrafts	(see note 15)	3,960	3,960
	Other creditors		2,641	574
	Accrued expenses		990	~1543
			7,591	6077
14.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
			31.12.20	31.12.19
				F
	Bank loans (see note 15)		72,039	76,648
16.	LOANS
	An analysis ofthe maturity	of loans is given below:
			31.12.20	31.12.19
				F.
	Amounts falling due within	one year on demand:
	Bank loans		3,960	3,960
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5yr by instal		72,039	76,648

Compara	tive	net movement in funds, i	ncluded in the above are as fol	lows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	f.	F
Unrestricted		funds
General	fund		55,981	(58,513)	(2,532)
Restricted funds
SStone			1,100	(1,100)
TOTAL	FUNDS		57,081	~59,613	~2,532)

I swich Communi Church	I swich Communi Church	I swich Communi Church
Detailed Statement ofFinancial Activities
for the Year Ended 3'I December 2020
					31.12.20	31.12.19
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
					6	F
INCOME AND ENDOWMENTS
Donations and	legacies
Donations			8,473		8,473	3,936
Gilt aid donations			23,299		23,299	32,886
Income tax recoverable			5,630		5,630	5,366
Grants			7,440		7,440
					44,842	42,188
Other income
Interest received			10		10	16
Rent receivable			12,481		12,481	12,209
Room hire						2,555
Other income						113
			12,491		12,49'I	~14893
Total incoming	resources		57,333		57,333	57,081
EXPENDITURE
Charitable activities
Wages			31,278		31,278	32,638
Social security			313		313	553
Pensions			2,400		2,400	2,400
Building costs			20,148		20.148	7,676
Rental expenses	including	interest	3,031		3,031	6,206
Other operating expenses			3,490		3,490	4,312
Giving: General fund			1,430		1,430	3,895
Giving: Restricted funds						~1100
			62,090		62,090	58,780
Support costs
Governance costs
Independent examiner			850		850	833