2020-12-31-accounts - New Life Church, Cirencester

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					Page
Trustees' annual report (incorporating the			director's	report)
Independent examiner's report		to the trustees
Statement offinancial	activities	(including	income and
expenditure account)
Statement offinancial	position
Notes to the financial	statements
The following pages	do not form part ofthe financial statements
Detailed statement offinancial		activities			17
Notes to the detailed	statement	offinancial	activities		18

value, ov	er the useful econo	mic life ofthat asset	as fo
Freehold	property	1%straight	line
Fixtures,	flittings and	20%straight	line
equipment
Motor vehicles		20%straight	line

							Activities
							undertaken	Support	Total funds	Total fund
							directly	costs	2020	2019
	Church activities						41,883		41,883	42,068
	Governance	costs						5,492	5,492	4,301
							41,883	5,492	47,375	46,369
9.	Analysis of	support costs
								Church
								activities	Total 2020	Total 2019
								E
	Independent	examiners	fee					2,040	2,040	1,953
	Legal and professional		fees					3,413	3,413	1,836
	Interest, charges, and		penalties					39	39	512
								5,492	5,492	4,301
10.	Net income/(expenditure)
	Net income/(expenditure)			is	stated after charging/(crediting):
									2020	2019
	Depreciation	oftangible	fixed assets						2,192	6,096
	Gains on disposal oftangible fixed assets								(29,039)
11.	Independent	examination			fees
									2020	2019
										E
	Fees payable	to the independent				examiner for:
	Independent	examination		ofthe		financial	statements		2,040	1,953

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2020	2019
					F
Wages and salaries Employer contributions		to pension	plans	20,000 414	20,000 382
				20,414	20,382

No charity expenses have been i Tangible fixed assets	ncurred by the trustee	s.
	Land and	Fixtures and	Motor
	buildings	fittings F	vehicles	Total f
Cost
At 1 January 2020	533,728	7,967	3,402	545,097
Disposals	(346,861)	(2,224)	(3,402)	(352,4&7)
At 31December 2020	186,867	5,743		192,610
Depreciation
At 1 January 2020 Charge for the year	52,837 1,869	7,408 323	3,401 —	63,646 2,192
Disposals	(41,624)	(2,216)	(2,401)	(47,241)
At 31 December 2020	13,082	5,515		1&,597
Carrying amount At 31 December 2020	173,785	228		174,013
At 31 December 2019	480,891	559	1	481,451

15.	Debtors	Year ended 31 December 20	20
			2020	2019
	Other debtors		1,049	817
16.	Creditors: amounts	falling due within one year
			2020	2019
	Bank loans and overdrafts		13,752	21,264
	Trade creditors			2,353
	Accruals and deferred	income	2,040	1,940
	Social security and other taxes		231	1,373
	Other loans		(200)	4,686
	Other creditors		(1,147)	59
			14,676	31,675

Credi	tors:	amo	unts falling due after more than	one year
				2020	2019
Bank	loans	and	overdrafts		240,932

The amounts	recognised in the financi	al statements for governm	ent grants are as follo	ws:
			2020	2019
Recognised	in income from donations	and legacies:
Government	grants income		4,682

				At			At
				1 Jan 2020 f	Income f	Expenditure f	31 Dec 2020 f
	General funds			209,754	66,975	(47,375)	231,354
				At			At
				1 Jan 2019 f	Income f	Expenditure f	31 Dec2019 f
	General funds			211,354	44,769	(46,369)	209,754
21.	Analysis ofnet assets between funds
						Unrestricted	Total Funds
						Funds	2020 f
	Tangible fixed assets Current assets					174,013 72,017	174,013 72,017
	Creditors less than	1	year			(14,676)	(14,676)
	Creditors greater than		1 year
	Net assets					231,354	231,354
						Unrestricted	Total Funds
						Funds	2019
						f
	Tangible fixed assets Current assets					481,451 910	481,451 910
	Creditors less than 1 year Creditors greater than 1 year					(31,675) (240,932)	(31,675) (240,932)
	Net assets					209,754	209,754