OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Community of Christ – British Isles Mission Centre

Report and Financial Statements

18 months ended 30[th] December 2020

Charity No: 1119770

Contents Page
Legal and Administrative Information 1
Report of the Trustees 2
Report of the Independent Examiner 6
Statement of Financial Activities
7
Balance Sheet 8
Notes forming part of the Financial Statements 9

Community of Christ – British Isles Mission Centre

Legal and Administrative Information

Charity Trustees

The Charity Trustees are the members of the Mission Centre Leadership Team. The following served as trustees for the whole of the 18 months ended 30[th] December 2020:

Andrew Fox (Mission Centre President and Financial Officer) Sally Leitch Susan Norton Lynda Pearce Gillian Vincent

Principal Office

British Isles Mission Centre Office Community of Christ, Thanet Street, Clay Cross, Chesterfield, S45 9JS

Independent Examiner

Wayne Farmer, 29 York Avenue, Atherstone, CV9 3DD

Bankers

Barclays Bank plc, Kingsway Branch, The Kingsway, Swansea. SA1 1AW

Solicitors

Morgan LaRoche, Bay House, Phoenix Way, Swansea, SA7 9YT

1

Community of Christ - British Isles Mission Centre

Report of the Mission Centre Trustees for the 18 Months Ended 31[st] December 2020

The Trustees present their report together with the Financial Statements for the 18 months ended 31[st] December 2020. The Financial Statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the Church’s governing documents and applicable law.

Structure, Governance and Management

The charity, Community of Christ – British Isles Mission Centre (charity number 1119770), was registered with the Charity Commission on 21[st] June 2007. The governing document is the Mission Centre Constitution dated 22[nd] April 2007 which incorporates the World Church bylaws (“the Bylaws”). The trustees of the Mission Centre are the Mission Centre Leadership Team which consists of the Mission Centre President and Mission Centre Financial Officer who, in accordance with the Bylaws, are appointed by the World Church Leadership Council together with such other persons who are appointed by the Mission Centre President as provided for in the Bylaws. All members of the Mission Centre Leadership Team are sustained by the Mission Centre Conference.

Constitution and Objects

The objects of the Mission Centre are the advancement of the Christian religion for the benefit of the public in accordance with the doctrine and statements of belief of the Community of Christ.

Community of Christ is a Christian church whose purpose and mission is to proclaim Jesus Christ and promote communities of joy, hope, love, and peace. The Mission Initiatives of the church are to:

Invite People to Christ, Pursue Peace on Earth, Abolish Poverty, End Suffering, Develop Disciples to Serve and Experience Congregations in Mission.

In accordance with the Bylaws, the Mission Centre exists to support congregations, facilitate church expansion, and provide linkage between World Church ministries and congregations. Its key functions include but are not limited to: pastoral support of congregational leaders; leadership skill development; congregational consultant ministries; missionary ministries; church planting; congregational crisis support; financial resource development support; specialised ministries (e.g., children, youth, young adult); coordination of periodic celebration events (e.g., camps, conferences and retreats); technical assistance to congregations (e.g., legal, risk management, property management); human resources; and essential administrative functions (e.g., implementation of World Church policies, priesthood administration, pastoral supervision).

The Mission Centre provides for the networking and grouping of congregations to encourage mutual support, foster church identity, pursuit of common causes, and to provide fellowship, leadership development and celebration opportunities. It is responsible for coordinating the management, creation, maintenance, and disposition of campgrounds, administrative offices, and other ancillary entities that exist within the scope of its responsibility.

2

Achievements and Performance

The Mission Centre has continued to provide support to congregations, opportunities for expansion, and a link between World Church ministries and the congregations and online communities in the British Isles. The ‘Sharing in Community of Christ’ booklet, produced by World Church, which provides an overview of the identity, mission, message and beliefs of the Church is used as foundational information for mission alignment, worship, teaching and preaching ministries.

From July 2019 until February 2020 a programme of activities was provided by the Mission Centre including camps for children and young people, training events, a retreat and a summer camp for all ages. From March 2020 until the end of the year there were no in person Mission Centre events because of the COVID19 pandemic but some of the scheduled events were held online including a summer camp, retreats and a number of youth events.

Three Mission Centre conferences were held during this 18-month period year allowing members of the church to have significant times of worship and fellowship as well as to conduct the business of the church. The first of these was in person; the others were held online.

In March 2020, as a result of the COVID-19 pandemic, all the congregations of the Mission Centre closed for in person worship and other activities. Some of the congregations reopened for a short period towards the end of the year but most remained closed for the whole of this time. Most of the congregations met regularly for online worship during the time when their church buildings were closed. The Mission Centre provided support to congregations and members to help them deal with the challenges of the pandemic by arranging regular meetings of congregational pastors, providing Mission Centre online worship services and providing support with risk assessment and other COVID-19 related issues.

The Mission Centre continues to be well served by the employed ministers of the church who work hard fulfilling their individual responsibilities. Volunteers are invited, as part of their discipleship, to take on some of the Mission Centre leadership roles and the positive response of dedicated volunteers enables the Mission Centre to function in the way it does at present. We celebrate and give thanks for this vital volunteer ministry

The Mission Centre has considered the Charity Commission’s guidance on public benefit and, in particular, specific guidance on charities for the advancement of religion. The Mission Centre has sought to fulfil its responsibility to advance religion for the public benefit by:

Financial Structure

The Mission Centre is funded by contributions from individuals, events and fundraising, contributions from congregations and financial support from the World Church.

Members of the church in the British Isles also make direct contributions to the World Church general fund and special funds. A number of full-time ministers employed by World Church are assigned to the Eurasia Field, which includes the British Isles. Salaries, benefits and ministerial expenses are paid from World Church

3

funds for these employees, but the postage, telephone, office supplies and other office expenses for these ministers are paid from Mission Centre funds. The Mission Centre employs a Congregation Support Minister and a Financial Assistant.

Financial Results

The start date of the Mission Centre financial year changed from July 1[st] to January 1[st] at the start of 2021. This was to bring it in line with the financial years of World Church and the congregations of the Mission Centre. A financial period of 18 months starting on July 1[st] 2019 and ending on 31[st] December 2020 has enabled this change.

The General Fund surplus for the 18-month period was £117,875. This surplus was primarily due to a grant from World Church of £122,078 from the net proceeds of church properties sold during this period. This grant is to be used to further the mission of the church in accordance with an agreed plan. It was initially planned that use of these funds would start in 2020 but the COVID-19 pandemic has resulted in the implementation of these plans being delayed.

Approval has been received for £4,000 to be used from General Fund reserves for the financial year ending 31[st] December 2020.

Details related to the designated, restricted and endowment funds are set out in note 10 to the financial statements.

Serious Incidents

No serious incidents have been brought to the attention of the Charity Commission by the trustees over the previous financial year. The trustees have considered the list of serious incidents that should be reported to the Charity Commission and declare that there are no serious incidents or other matters relating to the charity over the previous financial year that they should have brought to the Commission’s attention but have not.

Key Risks

The reduction in financial support from World Church in recent years has created some financial constraints on the programme of the Mission Centre but the sale of three church properties in the past two years has resulted in additional income to Mission Centre funds to be used for mission purposes. Volunteers are now needed to take on some responsibilities previously held by employees when more church employees were assigned to the Mission Centre.

The COVID-19 pandemic could potentially have had serious financial implications on the Mission Centre. Giving opportunities at in person events were greatly reduced and some who would usually contribute generously to the Mission Centre have had to face additional financial burdens as a result of the pandemic. However, there has been no marked decrease in giving and it is anticipated that this will continue to be the case throughout the pandemic.

The Mission Centre has made additional temporary loans to the Dunfield Charity to support the church’s residential centre during a time when it has had to be closed or open with fewer customers than usual. Whilst the residential centre is still not functioning as it was pre-pandemic, future projections indicate that it will be possible for all loans from the Mission Centre to be repaid within an agreed timeframe.

Future Activities

As a result of the pandemic, it has been necessary for many planned events to be held online in 2021 but, in recent months it has been possible for some in person events to take place and it is anticipated that other in person activities will be held as planned. Many of the online events that were initiated because of the

4

pandemic have been well received and it is anticipated that some of these will become regular Mission Centre events. Using funds that have been made available through the sale of church properties, it is anticipated that new expressions of ministry will be implemented to further the mission of the church.

Reserves Policy

The Mission Endowment fund, an expendable endowment fund, will secure a regular income and is available to support projects in fulfilling the objects of the Mission Centre. In the opinion of the trustees, the General fund reserves of £330,319 are adequate but not excessive, particularly since a portion of these reserves have already been earmarked to implement a Plan for Mission. We will continue to support the purposes of the various special funds and utilise reserves where necessary.

Volunteers

Community of Christ is primarily a volunteer organisation, with almost all priesthood and leadership roles being filled by self sustaining personnel. The church could not function without such dedicated service. The Mission Centre is blessed by the availability of so many persons who give of their time and skills to facilitate the achievement of the mission of the church and the functions of the Mission Centre. To all who serve in this way we offer our grateful thanks.

Approved by the Mission Centre Trustees on 7[th] October 2021 and signed on their behalf by: Andrew Fox (Mission Centre President)

5

Community of Christ - British Isles Mission Centre

Independent Examiner’s Report to the members of Community of Christ-British Isles Mission Centre

I report on the accounts of Community of Christ – British Isles Mission Centre for the 18 month period ended 31[st] December 2020 which are set out on pages 7 – 14.

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed Wayne Farmer Date 6[th] October 2021

Wayne Farmer 29 York Avenue Atherstone CV9 3DD

6

Community of Christ - British Isles Mission Centre

Statement of Financial Activities for the 18 months ended 31st December 2020

Unrestricted Unrestricted Restricted Endowment Total Total
Notes General Designated **18mths 2020 ** 12mths 2019
£ £ £ £ £ £
Income from:
Offerings, donations and legacies 3 19,317 0 145,541 0 164,858 88,762
Camps and activities charges 4 35,481 0 0 0 35,481 76,556
Congregation Closure 134,912 0 0 0 134,912 0
Sale of resources 3,201 0 0 0 3,201 1,820
Congregations 11,525 0 0 0 11,525 11,505
World Church 5 21,359 0 0 0 21,359 10,210
Investment Earnings 0 0 0 70,438 70,438 16,751
Bank and loan interest 2,178 309 109 4,076 6,672 3,037
Rental Income 8,250 0 0 0 8,250 5,500
Other Income 66 0 0 0 66 50
Total income 236,289 309 145,650 74,514 456,762 214,191
Expenditure on:
Mission 6 4,780 1,467 151 0 6,398 4,893
General costs 7 35,578 0 0 0 35,578 21,915
Congregational Support Minister 47,624 0 0 0 47,624 30,795
Camps and activities 4 35,624 1,287 5,036 0 41,947 84,814
Cost of resources sold 2,160 0 0 0 2,160 2,488
Grants and donations 8 20,000 0 136,489 0 156,489 71,794
Total expenditure 145,766 2,754 141,676 0 290,196 216,699
Net income / (expenditure) 90,523 (2,445) 3,974 74,514 166,566 (2,508)
Transfers 9 22,352 (227) 0 (22,125) 0 0
Net movement in funds 112,875 (2,672) 3,974 52,389 166,566 (2,508)
Funds brought forward 212,444 38,150 23,914 478,617 753,125 755,633
Total funds carried forward 10 325,319 35,478 27,888 531,006 919,691 753,125

7

Community of Christ - British Isles Mission Centre

Balance Sheet as at 31st December 2020

Unrestricted Unrestricted Restricted Endowment Total Total
Notes General Designated **18mths 2020 ** 12mths 2019
£ £ £ £ £ £
Fixed assets
Tangible fixed assets 15 10,282 0 0 0 10,282 1,471
Investment property 15 0 0 0 65,000 65,000 65,000
Stock exchange investment 15 0 0 0 399,042 399,042 328,605
Property related investment 15 0 0 0 10,000 10,000 15,000
Total fixed assets 10,282 0 0 474,042 484,324 410,076
Current assets
Stock 16 878 0 0 0 878 936
Debtors 17 128,330 0 1,440 0 129,770 59,462
Cash at bank and in hand 18 374,066 35,478 26,448 56,964 492,956 292,098
Total current assets 503,274 35,478 27,888 56,964 623,604 352,496
Less - Creditors falling due within one year 19 188,237 0 0 0 188,237 9,447
Net current assets 315,037 35,478 27,888 56,964 435,367 343,049
Net assets 325,319 35,478 27,888 531,006 919,691 753,125
Funds 10 325,319 35,478 27,888 531,006 919,691 753,125

Approved by the Mission Centre Trustees on 7th October 2021 and signed on their behalf by:

Andrew Fox (Mission Centre Financial Officer)

8

Community of Christ - British Isles Mission Centre

Notes forming part of the financial statements for the 18 months ended 31st December 2020

1. Statement of compliance

The financial statements have been prepared in accordance with the 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 Republc of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

2. Principal accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented unless otherwise stated.

a. Basis of preparation

The financial statements are prepared on a going concern basis under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

b. Public benefit

The charity meets the definition of a public benefit entity under FRS 102.

c. Revenue recognition

(i) Offerings and donations are recognised when received.

(ii) Legacies and grants are accounted for when the church is legally entitled to them and they are applied for the general use of the charity unless directed otherwise. No account is taken of future contributions under deeds of covenant or pledges.

(iii) Gift aid recoverable is accounted for in the period that they are claimable.

(iv) Bank interest is included when receivable. Where the church has not invested separately for each fund, interest is apportioned to individual funds on the basis of the average balance at the beginning of each quarter.

d. Expenditure

Expenditure is accounted for on an accruals basis. Irrecoverable VAT is charged against the category for which it was incurred.

e. Tangible assets

Tangible assets are stated either at cost less accumulated depreciation or at fair value. The charity assesses at each reporting date whether there is any indication that an asset might be impaired. Any impairment is recognised in the statement of financial activities.

(i) Furniture and equipment

Depreciation is charged over their useful economic life of between three and ten years on a straight line basis.

(ii) Motor Vehicles

Depreciation is charged over their useful economic life of 5 years on a straight line basis.

f. Investments

(i) Investment property Investment properties are initially recognised at cost and measured at fair value at the balance sheet date. Any gain or loss on revaluation is taken to the statement of financial activities.

(ii) Stock exchange investments Stock exchange investments are initially recognised at cost and measured at fair value at the balance sheet date. Any gain or loss on revaluation is taken to the statement of financial activities.

g. Unrestricted, designated and restricted funds

Unrestricted general funds can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds: are the sums set aside out of General funds for specific designated purposes. They can be transferred back to unrestricted funds at any time.

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 specific restricted purposes.

h. Endowment funds

Endowment funds are held in an expendable endowment fund. Trustees have the power to accumulate income and capital of the fund and to spend both income and capital in the furtherance of the charitable objects.

9

Community of Christ - British Isles Mission Centre

Notes forming part of the financial statements for the 18 months ended 31st December 2020 (continued)

3.
Offerings, donations and legacies
Offerings and Donations
Legacies
Donations for Other Charities
Dunfield House Subsidy
Gift Aid Tax Refunds
4.
Camps and activities
Tfr.
Primitive Camp 2019
a)
Summer Camp 2019
Autumn Retreat 2019
SW Cluster Weekend 2019
Youth Day & Jam Sessions 2019
a)
Young Adult Weekend 2019
a)
Discover & Live Your Future 2019
Explorers Camp 2020
a)
Spring Retreat 2020
Youth Rally 2020
a)
Summer Camp 2020
Autumn Retreat 2020
SW Cluster Weekend 2020
a) Transfers to Youth Ministries Fund.
5.
World Church
World Church Support
Leadership Development Grant
6.
Mission Expenses
Invite People to Christ
Experiments in Mission
Communications
Rise Magazine
Dunfield Outreach Event
Abolish Poverty and End Suffering
Mission of Compassion
Safeguarding
Pursue Peace on Earth
Mission of Justice and Peace
Develop Disciples to Serve
Equip Disciples for Mission
Children & Youth Ministries
Young Adult Ministries
Experience Congregations in Mission
Leading Congregations in Mission
Project Support Fund Grants		 Restricted
Endowment
Total
Total
General
Designated
18mths 2020 12mths 2019
£
£
£
£
£
£
15,614
0
7,580
0
23,194
9,361
0
0
0
0
0
0
0
0
136,489
0
136,489
74,301
0
0
1,064
0
1,064
2,997
3,703
0
408
0
4,111
2,103
Unrestricted
19,317
0
145,541
0
164,858
88,762
Income
Expenditure
Surplus /
Transfers
General
(Deficit)
Fund
£
£
£
£
£
3,480
3,412
68
68
0
18,754
18,376
378
378
3,344
3,313
31
31
4,201
4,185
16
16
490
378
112
112
0
240
190
50
50
0
2,583
2,583
0
0
2,219
3,023
(804)
(804)
0
0
0
0
0
0
53
(53)
(53)
0
0
0
0
0
0
0
0
0
170
111
59
59
35,481
35,624
(143)
(627)
484
Restricted
Endowment
Total
Total
General
Designated
18mths 2020 12mths 2019
£
£
£
£
£
£
21,359
0
0
0
21,359
9,184
0
0
0
0
0
1,026
Unrestricted
21,359
0
0
0
21,359
10,210
263
0
0
0
263
0
2,284
0
0
0
2,284
1,606
(105)
(105)
306
798
0
0
0
798
1,029
73
0
0
0
73
0
870
0
0
0
870
279
309
0
0
0
309
57
144
0
0
0
144
264
0
0
0
0
0
0
0
0
0
0
0
43
144
0
0
0
144
0
0
1,467
151
0
1,618
130
4,780
1,467
151
0
6,398
3,714

10

Community of Christ - British Isles Mission Centre

Notes forming part of the financial statements for the 18 months ended 31st December 2020 (continued)

7.
General expenses
Office supplies
Postage
Telephone
Office staff salaries & pensions
Office rent and utilities
Mission Centre Officers' expenses
Mission Centre Conferences
Financial Officers' support
Offering Envelopes
Insurance
Building repair and maintenance
Equipment maintenance
Equipment depreciation and loss on disposal
Guest ministry
Volunteer expenses
Bank Charges
Sundry expenses
Average number of full time equivalent
employees for the year
8.
Grants and donations
Dunfield Budget Support
Donations paid to other charities
9.
Fund Transfers
Mission Endowment - Investment Earnings
Budgeted amount to MC Events Subsidy
Youth Camps and Activities Surpluses/Deficits		 Restricted
Endowment
Total
Total
General
Designated
18mths 2020 12mths 2019
£
£
£
£
£
£
976
0
0
0
976
731
1,174
0
0
0
1,174
281
1,652
0
0
0
1,652
902
21,536
0
0
0
21,536
13,243
3,600
0
0
0
3,600
2,400
13
0
0
0
13
13
340
0
0
0
340
247
577
0
0
0
577
13
65
0
0
0
65
396
3,530
0
0
0
3,530
2,311
0
0
0
0
0
928
0
0
0
0
0
48
908
0
0
0
908
694
468
0
0
0
468
0
326
0
0
0
326
459
413
0
0
0
413
82
0
0
0
0
0
22
Unrestricted		 Restricted
Endowment
Total
Total
General
Designated
18mths 2020 12mths 2019
£
£
£
£
£
£
976
0
0
0
976
731
1,174
0
0
0
1,174
281
1,652
0
0
0
1,652
902
21,536
0
0
0
21,536
13,243
3,600
0
0
0
3,600
2,400
13
0
0
0
13
13
340
0
0
0
340
247
577
0
0
0
577
13
65
0
0
0
65
396
3,530
0
0
0
3,530
2,311
0
0
0
0
0
928
0
0
0
0
0
48
908
0
0
0
908
694
468
0
0
0
468
0
326
0
0
0
326
459
413
0
0
0
413
82
0
0
0
0
0
22
Unrestricted
35,578
0
0
0
35,578
22,770
2
2
20,000
0
0
0
20,000
0
0
0
136,489
0
136,489
71,794		 2
2
20,000
0
136,489
0
156,489
71,794
22,125
0
0
(22,125)
0
0
(400)
400
0
0
0
0
627
(627)
0
0
0
0
22,352
(227)
0
(22,125)
0
0

11

Community of Christ - British Isles Mission Centre

Notes forming part of the financial statements for the 18 months ended 31st December 2020 (continued)

10. Funds (D = Designated, R = Restricted) (D = Designated, R = Restricted)
NAME TYPE PURPOSE
Project Support D/R Support projects of ministry for the purpose of furthering the
mission of the Church in the British Isles.
Children's Holiday Camps R Provide holidays for children and families in need
Carrie Holmes Graceland College R Assist young persons from the British Isles to attend Graceland
University.
Youth Ministries D/R Support British Isles Church youth camping programmes and other
activities for youth from the British Isles, including their participation
in the World Church International Youth Forum and other
international events sponsored by the Church.
Mission Centre Events Subsidy D/R Provide assistance to persons attending the British Isles Mission
Centre Events.
Other Charities R For receipt of contributions to other charities and transfer of these
contributions to the charity.
Movements on Funds Balance at
Income		 Expenditure Transfers Balance at
1st July 19 31st December 2020
£
£		 £ £ £
Designated Funds
Project Support (part) 16,001
122		 (1,467) 0 14,656
Youth Ministries (part) 18,717
162		 (856) (627) 17,396
MC Events Subsidy (part) 3,432
25		 (431) 400 3,426
38,150
309		 (2,754) (227) 35,478
Restricted Funds
Project Support (part) 1,958
15		 (151) 0 1,822
Children's Holiday Camps 11,405
7,050		 (4,100) 0 14,355
Carrie Holmes Graceland College 3,967
32		 0 0 3,999
Youth Ministries (part) 2,987
505		 (344) 0 3,148
MC Events Subsidy (part) 3,597
1,559		 (592) 0 4,564
Other charities 0
128,330		 (128,330) 0 0
23,914
137,491		 (133,517) 0 27,888

The balance on the restricted portion of the Youth Ministries Fund includes the sum of £882 (2019 £779) which was specifically restricted to be used in respect of costs relating to young people from the British Isles attending the International Youth Festival in the U.S.A.

**18mths 2020 ** 12mths 2019
11. Fees for financial statements examination
Fees paid to Independent Examiner None None
12. Trustees Expenses
Number of Trustees who were paid expenses 0 0
Total amount paid Nil Nil

Certain ministers employed by the World Church are assigned to work in the British Isles Mission Centre and serve as trustees. Their salaries, benefits and ministerial expenses are paid by the World Church. The British Isles Mission Centre makes a contribution towards these costs and also reimburses these ministers for office expenses. An insignificant portion of these expenses may relate to their role as trustees.

**18mths 2020 ** 12mths 2019
13. Related Party Transactions
Transactions during the year None None
14. Trustee Indemnity Insurance £ £
The Church has a Directors and Officers insurance
policy covering more than 200 ministers and leaders
in the British Isles. The trustees benefit from this
insurance in their roles as ministers and leaders
of the Church. The trustee benefit is insignificant.
Charge for the year 468 284

12

Community of Christ - British Isles Mission Centre

Notes forming part of the financial statements for the 18 months ended 31st December 2020 (continued)

15. Fixed Assets

Tangible Fixed Assets

Cost
As at 1st July 2019
Additions
Disposals
As at 31st December 2020
Depreciation
As at 1st July 2019
Disposals
Charge for the year
As at 31st December 2020
Net Book Value
As at 31st December 2020
As at 30th June 2019
Investment Property
Freehold property in Gloucester		 Equipment
Car
Total
£
£
£
12,544
10,300
22,844
770
770
(2,795)
(2,795)		 Equipment
Car
Total
£
£
£
12,544
10,300
22,844
770
770
(2,795)
(2,795)
10,519
10,300
20,819
10,775
0
10,775
(2,795)
(2,795)
325
2,232
2,557
8,305 2,232
10,537
2,214 8,068
10,282
1,769 0
1,769
18mths 2020 12mths 2019
65,000
65,000

The investment property is included at market value based on a valuation by James Pullin (RICS Registered Valuer) on 9th October 2015. In the opinion of the trustees, the market value of the property at the balance sheet does not vary significantly from this valuation. The property is leased for 5 years commencing 5th July 2016 and the tenants have an option to purchase the property at the October 2015 market value during or at the end of the lease.

Stock Exchange Investments
Fair value at 1st July 2019
Add: Additon at cost
Less: Proceeds from disposals
Add: Year-end reevaluation
Fair value at 31st December 2020
16.
Stock
Stock of books and other resources for resale
have been valued at the lower of cost and net
realisable value
17.
Debtors
Trade debtors
Other debtors
Dunfield Charity loan
Denton roof loan
Carrie Holmes Loan
Gift Aid tax refunds
Prepayments and accrued income
18.
Cash at Bank and in Hand
Deposit Accounts
Current Accounts
Cash in Hand and Expense Floats
19.
Creditors
Trade Creditors
Other Creditors
Accruals and Deferred Income		 328,605
261,854
0
50,000
0
0
70,437
16,751
399,042
328,605
Restricted
Endowment
Total
Total
General
Designated
18mths 2020 12mths 2019
£
£
£
£
£
£
878
0
0
0
878
936
Unrestricted
991
0
0
0
991
0
2,846
0
0
0
2,846
5,944
90,000
0
0
0
90,000
45,000
16,209
0
0
0
16,209
0
0
0
0
0
0
440
5,763
0
0
0
5,763
1,013
12,521
0
1,440
0
13,961
7,065
128,330
0
1,440
0
129,770
59,462
152,099
35,477
13,533
63,128
264,237
250,423
215,797
0
12,915
0
228,712
41,650
7
0
0
0
7
25
367,903
35,477
26,448
63,128
492,956
292,098
0
0
0
0
0
0
9,792
0
0
0
9,792
9,447
178,445
0
0
0
178,445
0
188,237
0
0
0
188,237
9,447

13

Community of Christ - British Isles Mission Centre

Notes forming part of the financial statements for the 18 months ended 31st December 2020 (continued)

20. Prior year comparative statement of financial activities

Unrestricted Unrestricted Restricted Endowment Total
Notes General Designated 2019
£ £ £ £ £
Income from:
Offerings, donations and legacies 3 10,477 0 78,285 0 88,762
Camps and activities charges 4 76,556 0 0 0 76,556
Congregation Closure 0 0 0 0 0
Sale of resources 1,820 0 0 0 1,820
Congregations 11,505 0 0 0 11,505
World Church 5 10,210 0 0 0 10,210
Investment Earnings 0 0 0 16,751 16,751
Bank and loan interest 173 207 63 2,594 3,037
Rental Income 5,500 0 0 0 5,500
Other Income 50 0 0 0 50
Total income 116,291 207 78,348 19,345 214,191
Expenditure on:
Mission 6 4,763 125 5 0 4,893
General costs 7 21,915 0 0 0 21,915
Congregational Support Minister 30,795 0 0 0 30,795
Camps and activities 4 74,722 1,760 8,332 0 84,814
Cost of resources sold 2,488 0 0 0 2,488
Grants and donations 8 0 0 71,794 0 71,794
Total expenditure 134,683 1,885 80,131 0 216,699
Net income / (expenditure) (18,392) (1,678) (1,783) 19,345 (2,508)
Transfers 9 16,952 2,185 0 (19,137) 0
Net movement in funds (1,440) 507 (1,783) 208 (2,508)
Funds brought forward 213,884 37,643 25,697 478,409 755,633
Total funds carried forward 10 212,444 38,150 23,914 478,617 753,125

14