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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|
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|Elders|Revd Kevin Newman|
|---|---|
||Andrew
Grimslone|
||john Phillips|
|Deacons|Paul Atterbury|
||Andrew
Butt|
||Stewart Foster|
||Andrew
McKenna|
||Nlgel Paget|
||Fred Paton|
||Shak Sulliman|
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|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
'$8eeCVedtsf|||Associate Minister
-
from May 2020
Families Worker *(Pm|
||Nicola Goddard|||Pastoral Secretary (P/T)|
||Daniel Gomes|||Assistant
Minister|
||Andrew
McKenna|||Associate Minisier (Music and Media)|
||Terry and Chrisbne||Miller|Mission Partners
In Spain|
||Fran Newman|||Operations
Manager (Pm|
||Kevin Newman|||Senior Pastor|
||David Parkes|||Caretaker (Pm|
||'Tamaryn
Pitout|||Ministry Assistant (Pm|
||David Ridal|||Youth Minister|
||Caroline Scott-Evans|||Pre-School Manager (Pm|
||Lorraine Sulliman|||Finance Assistant (Pm|
||Usa Travers|||Assistant
Minister (Children)|
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|||||General
fund|Mission
fund|Designated
funds *|Eadowment
fuod|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||(restricted)|||||
||||Notes|2020|2020|2020|2020|2020|2019|
|Voluntary
income||||351,832|78,612|20,174||450,61$|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||||||
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||||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|
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||||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|
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|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|
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|||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|
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|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|
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||||||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|
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|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|
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|||||||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|