2020-12-31-accounts - Christchurch Banstead

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Annual Report LFinancial Sta	Annual Report LFinancial Sta	tem		ents for the	year ended 31Decembe	r 2020
Contents						Pages
Trustees Annual Report for 2020						1-12
1.	Introduction
2.	Achieving the Church's	Purpose				1-5
	Purpose and aims
	Values
	Overview of2020	and		impact ofCovid-19
	Future plans
3.	Financial Management					5-7
	Financial review
	General Fund
	Mission Fund
	Development Fund
	Special collections
	Property valuation	review
	Going Concern review
4.	Charity Management					8-9
	Church leadership
	Ministry and service structure
	Stafiing
5.	Governance					10-12
	Church status
	Details of key advisers			and service	providers
	Organisational affiliations
	Beneficial relationships
	Health and safety	and		security
	Safeguarding
	Data Protection
	Risks and uncertainties
	Trustees' accounting		and reporting		responsibilities
Auditor's Report to the Members						13-16
Financial Statements						17-26
~	Statement of Financial	Activities				17
~	Balance Sheet					18
~	Statement ofCash Flows					19
~	Notes to the Accounts					20-26

Elders	Revd Kevin Newman
	Andrew Grimslone
	john Phillips
Deacons	Paul Atterbury
	Andrew Butt
	Stewart Foster
	Andrew McKenna
	Nlgel Paget
	Fred Paton
	Shak Sulliman

4.3	Staffing	Staffing
The	following comprised		the staff during 2020.Those with an asterisk (*)did not receive
any	financial support	and those shown as (Pm were part-time:
	Gaynor Atterbury			Families Co-ordinator (P/T)
	Rick and Alanna	Creighton		Mission Partners in Nigeria
	Andrew Evans Naomi Foster '$8eeCVedtsf			Associate Minister - from May 2020 Families Worker *(Pm
	Nicola Goddard			Pastoral Secretary (P/T)
	Daniel Gomes			Assistant Minister
	Andrew McKenna			Associate Minisier (Music and Media)
	Terry and Chrisbne		Miller	Mission Partners In Spain
	Fran Newman			Operations Manager (Pm
	Kevin Newman			Senior Pastor
	David Parkes			Caretaker (Pm
	'Tamaryn Pitout			Ministry Assistant (Pm
	David Ridal			Youth Minister
	Caroline Scott-Evans			Pre-School Manager (Pm
	Lorraine Sulliman			Finance Assistant (Pm
	Usa Travers			Assistant Minister (Children)

				General fund	Mission fund	Designated funds *	Eadowment fuod	Total	Total
					(restricted)
			Notes	2020	2020	2020	2020	2020	2019
Voluntary income				351,832	78,612	20,174		450,61$	510,340
Interest receivable				36	44	27			206
Income fiom chmeh activities				23,780		72380			126,435
Toial income				375,64878,656		92,581			636,981
Etpcndtmre
Charitable activities
Jntsgrorsd church	ocririries			(329377)	(55,782)	(75,070)	(21,9&4)	(482&113)	(560,778)
Grants puid oadJepwble					(16,525)	(6,711)	-	(23&236)	(17,792)
interest payable						(4371)	-	(4871)	(1,034)
Total expenditure				(329377)	(72,307)	(86,052)	(21,984)	(509420)	(579,604)
Net income/ ex enditure		before transfers		46,371	6349	6529	21 984	37&265	57377
Transfer between	funds		14	(4,351)		4,351
Net movemeat iu	ibads			42,020	6,349	10,$80	(21,984)	37&265	57377
funds at 1January				187,482	33,660	1,732,190	857.376	2&810&708	2,753331
Fuads at31December				»M

			Geaeral	Missioo	Designated	Endowment
			Ihnd	ibad	funds	fund		Total		Total
				(restricted)
		Notes	2020	2020	2020	2020		2020		2019
Taagible assets
Land snd buildiags		15			1,605,000	835,392	254400392		2,462,376
Other tangible assets		16	16,410					16,410		20,052
Investments
Lock up shop		17	i6410		225 000 83D0 0	225 000 0»9,601.003			2	225 000 0
Debtors and payments	in advance	18	73,641	11,392	12,229			970262		100,087
Deposit accounts		19	10,288	16,1&4	10,100			36472		36,476
Cash at banks and in band		19	147 142	13936	4 124			209 02		265
Creditors due within one year		20	231,071 17979	41,512 I 503	70,453 45314			343,036 7	247,828 ~22 M3
Net current assets			213092	40009	25 139			27 60		25 225
Total assets less curreat gabgities			229,502	40,009	1,855,139	835,392	25t605042		2,932,653
Creditors due after one year		21			(112,069)		(112,069)			(121,945)
Net assets			229502	0	1743070	835392	2	7973	2	D 08
Cepiml and reserrer
General fund			229,502					229,502		187,482
Mission fund				40,009				409009		33,660
Designated funds		23			1,743,070		1,743,070		1,732,190
Endowmeat capital						035392		M0692		8 7370
			M2	40M9	743 070	833392	2	,9 3		10.708

			General	Mission	Mission	Designated
			fund		goad	thuds	Total	Total
				(mstricted)
		Notes	2020		2020	2020	2020	2019
Net cash flows before Gfll Aid, lotercst aad rent		24	(37,528)	(10,695)		17,283	(300940)	(31,776)
Gift Aid mcovered			79,200	13,841		5,259	980300	95,533
Net cash flows from operating activities			41672	3	46	22542	67 60	63757
Cash flows from investing activities
Rent received for 160High Street			16,000				16,000	16,000
Interest received			36			27	107	206
Cash provided by investing activities			16036		44	27		46206
Cash flows bum fiaaaclng
New mortgage loan received		21				25,000	25,000	100,000
Repsymeat ofmongege capital/Manse	loans					(6,022)	(6,022)	(168,000)
interest paid on mortgage						(3,669)	(3,669)
Interest paid on Faith Loan						(743)	(743)	(1,012)
Cssb used iu flnaaciag activities						14566	,046	~690 2
Iacrease in cash and cash equivalents			57,708	3,190		37,135	98,033	10,951
Changes in interfund balances			6,935		115	(7,050)
Iacresse la cash aad cosh eguivaleam*			64,643	3,305		30,085	98,033	10,951
Cash and cash equivalents at 1January* Cssb and cash equivalents st31Decemberc			92,787 26,815 30» 0			28,139 50»	147,741 246774	136,790 4»4

Trustees emoluments	and expenses
		2020	2019
Senior Pastor:	Taxable financial support	840,150	838306
	Social security costs	64,328	&I,081
	Pension costs	$3412	K3,212
	Childcare vouchers	n/a	X2,060
Associate Minister	Taxable financial support	KI5,750	816,033
	Social security costs	f961	8730
	Pension costs	K2,000	f2,147

		General	Mission	Designated	Eadowmeat
		Ihnd	fnad	funds	capital	Total	Total
		2020		2020			2019
6 Volunlary	income
Donations and	regular a%rings	284,950	63,800	12,580		361330	406,872
Special collections			20	3,175		3,195	4,981
Tax recoverable		66,882	14,792	3,219		84893	97,287
Granu teceivable				I 200		I 00	1,200
		351 832	78612	20 174		450/IIS	510.340

In conformity with the covenant on its lend, ChristChurch	Banstead	operates as an undenominational	operates as an undenominational	gospel mission work.	gospel mission work.	Worship,	teaching, training snd	teaching, training snd
mission are the reasons for every activity snd aspect ofthe	Church's	life. In advancing	this integrated	ministry,	functional	expenditure	was incurred	as follows:
Church fabric and equipment (Note 10)		33,890			21,984		557874	78,170
Fellowship and outreach costs (Note II)		10,709		70,680		-	SIB89	117,220
Ministry and mission costs (including staff costs)		271,720	54,200			3257920		332,621
General support costs (Note 12)		4,778		2,471			7~9	14,311
Governance casts (Note 13)		8 180	I 582	1,919			IIBSI	V776
		329 77	55782			77, 3		77 77

Grants to9individuals	in total (2019:6 in total)	14,600	2,770	17B70	10,110
Grants toorgsnisations	and projects:
The Banmhas Fund			3,941	37941
Trinity Church Ever/on		1,750		1,750	2483
Lohdon City hiissiml		175		175	2,699
Kagara Seminary Nigeria					2,500
The Forge, Christian	Ouacach Event, Baasrcad				200
		id,SJS	6,711	a%7

NOTES TOTHK FINANCIAL STA	NOTES TOTHK FINANCIAL STA	NOTES TOTHK FINANCIAL STA	NOTES TOTHK FINANCIAL STA	NOTES TOTHK FINANCIAL STA	NOTES TOTHK FINANCIAL STA	TEMENTS	TEMENTS
for dte year ended 31December 2020						(continued)
										General		Mission	Deslgaated	Endowment
											fund	fund	funds	capital	Total	Total
											2020	2020	2020	2020	2020	2019
10 Church fabrle sad eqaipment Utilities, insurance and cleaning										20386					20~	20,815
Ordinary repairs, maintenance				snd	equipment						9.962				9rr62	17,357
Repairs and refurbishment																4,454
Depreciation											3642			21 984	25 26	3
										33890				21,984	5 74	78,170
During 2020 no substantial			equipment			was purchased			nor repairs undertaken.		In2019purchmes		included elecmc heaters (64,454),anew main projector
in the church (64077),	a	new		wireless		microphone		system (61485)and replacement				vacuum cleaneh (6500).
11 Fdlowsbip and outreach				costs
Outreach and hospitality											6,979				7,928	12,255
Open Week																7,452
Jack and Jill Pre-School													68,997		68,997	81,136
Subscriptions and donations											1,935				I rr35	900
Literature											212		734		946	2,153
Youth camps											390				390	12,364
Ministry training											I 193				1,193	960
											10,709		70680			117,220
12 Geaeral support cosh
Oflice and information	technology				expenses						3,785		2,409		6,194	11,147
Support training											268		62			2,376
Other items											725				725	788
											4778		2471		7~9	14.311
General Pond church offlce			and information				technology			expenses are apportioned 75%toGeneral			support costs	and 25%to Governance costs (Note 13below)
based on sn approximate		allocation			ofthe time ofthc				office support staff.
13 Governance costs
Office and information	technology				expenses						1258	-	301		1~9	2,479
Professional fees											2323	-	682		2„rt05	9,140
Audit fee											4,563	1,503	600		6,666	6.375
Other items											136	79	336		551	462
											8 180	1,582	I919		116SI	18.456

					General	Missioa	Deslgaated	Deslgaated	Deslgaated	Endowment	Endowment
					fuad	fuad			funds		capital				Total	Tatal
					2020 2020				2020		2020				2020	2019
15 Lead and buiMings
At cost or valuation on transfer
Chmch site and buildings							1,071,675				1,099,200			271703175		2,170,875
12Oakley Gardens Accumulated depreciation								580,000 46675			241 824			S80,000 288499		580,000 ~230 3
Net booR valse at 1January							1,605,000				857,376			204620376		2,492,138
Depreciation in year											21984				21900	~29762
Net booR value at 31December							I	O9000			835392			2,4O O		62376
At cost or valuation on tomsfar Accumulated depreciation							1,651,675 46675				1,099,200 263 808			2,750,875 3 4O		2,750,875 ~00499
Net booR valse at31December							1	605000			835392			2440 92		2462376
The freehold church site held by the Endowmeat			fund is the	subject ofan indennue of1896restricting the use ofany building mected thereon to
undenominational gospel mission work	The present building			was erected		in 1970and extended			in 1975/76. Ia the balance					sheet the site is unvalued
and the buildings are carried st their valuation		derived from their			insured mplacement cost		ss at		31December 2006.
The Suehold properties at 158dt 160High Street wme acquired					by Gospel	Mission Tmst (GMT) in 2007/08					and transfened			to	the Church on 31
December 2013,to be held by the Development			Fund (included		in Desigaated funds) which had collaborated						with GMT		on	the	funding	and refurbishment
ofthe pmperties to provide meeting mome and			oflices for Church use. The ised value included						in this site is estimated			at	R400,000.
The Mama at 12Oakley Gardens was acquired			by the Development Fund			in October 2014snd			is included	in Designated			funds.
											Fixtures
											Fittings
									Furaitum &
										Equipmcat					Total	Total
											2020				2020	2019
16 Other tangible assets
At cast Accumulated depreciation											72,950 52898				72,950 S23198	76,160 ~58326
Net booR value at 1January											20,052				20,0S2	25,834
Depreciation in year											3642				3642	5,782
Net booR value at31December											16410				I ~10	2
At 1 January											72,950				729950	76,160
Disposals in year - fully depreciated																(3,210)
Accumulated depreciation											56540					52898
Net booR value at31December											16410				16,410	20052

The valuation is based on e	mmet rentals assuming t	he lease is renewed and a	circa 14year	income simsm	(reflecting a	T/o per annum rate of	return).
		General	Mission	Designated	Eadowment
		fund	fuad	fuads	capital	Total	Total
		2020	2020	2020	2020	2020	2019
18Beblors aad paymeats	la advance
Tax recoverable		48,811	11,392	4,524		64,727	76,410
Amounts due flom associated funds Other debtors and prepaymenis		24830		6,050 I655		6,050 ~IIM	1,115
		73641	11392	12229		9 242	IM 007

Amounts due to associated funds	6,050			6,050	1,115
Masse mortgage capital repayments			6,909	ih909	5,055
Faith loan - intixest bearing			27,000	27,000
Faith Loan - interest accrual			602	602	743
Other creditors and accruals	7,259	1,503	4,548	130310	15,690
Deferred income	4670		6255	MI
	17979	1,503	45 314	M 7M	22,603

Mortgage secured on Manse	112,069	112,069	94,945
Faith loan - interest bearmg			27,000
	112,069	2M9	22 94

						Balance st	income	Expenditure	Transfer	Bslaace at
					31	December				31December
						2019	2020	2020	2020	2020
23 Designated lands
Church organisations/activities:
Development Fssd						1,705,286	12,263	(5,653)	5,000	1,71QI96
Jack di Jill Pre-School						26,255	70,722	(70,$03)	-	26,174
Special cogections:
Gift Aid reclaimedandreclassified						649			(649)
Clirlrtmas Collection - The Baraahas			Faad				3,941	(3,941)
Other income and expeuditme:
Benevolent Fund							2,770	(2,770)
Grant							1,200	(1,200)
Other specific church activities							I685	I 685
						9	92 58	06 052	4 351
					General	Mission	Deslgaated	Endowmeat
					fuad	Bmd	funds	capital	Total	Total
					2020	2020	2020	2020	2020	2019
24 Reconciliation	ofnet	movement	in funds to net
cash (outflow)/laflow		Rom operatlag		activities
Net movement in funds					42,020	6,349	10,880	(21,984)	379265	57,377
Adjustments for.
Tsxrecoverable					(66,882)	(14,792)	(3,219)		(84,893)	(97,287)
interest receivable					(36)	(44)	(27)		(107)	(206)
Rent receivable					(16,000)				(16,000)	(id,ooo)
Depreciation					3,642			21,984	25,626	35,544
Interest payable							4,271		4,271	1,034
increase)/deaesse	in other debtors sad prepsymentc				(2,697)	430	(1,655)		(3,922)	(4,332)
(ecrease)/inaease	in other creditors and accrusls				(2,245)	(2,638)	2,503		(20380)	910
Increase/(decrease)	in defened income				4,670		4,530		9,200	(8,$16)
Nct cash flows before Gift Aid, interest and rest					37528	10695	17 283		38040	~33776