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|||Page|
|---|---|---|
|Report ofthe Trustees||1toc|
|Independent<br>Examiner's|Report||
|Statement of Financial|Activities||
|Balance Sheet|||
|Notes to the Financial Statements||8to 17|





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|End ofYe|ar 2020||||||
|---|---|---|---|---|---|---|
|Budgeted|Income|for|2021|596,500|x 2536 =|624,125|
|Standard|month|staff|&housing costs|63,181|x6|619,086|






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|||forthe|Year Ended31De|cember2020|||
|---|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Total Funds|TotalFunds|
||||Funds|Funds|2020|2019|
||||||E|E|
|INCOME AND ENDOWMENTS|FROM:||||||
|Donations<br>and legacies|||76,997||76,997|88,768|
|Tax refunds|||11,036||1L036|15,016|
|Rent receivable|||12,326||12,326|20,407|
|Interest received|||376||376|1,006|
|Coronavirus<br>Job Retention Scheme||grants|3211||3,211||
|TOTAL|||103,946||103,946|125,197|
|EXPENDITURE ON:|||||||
|Ministry|||41,643||41,643|40,685|
|Youth and Sunday school|||32||32|305|
|Administration||3|36,057||36,057|48,585|
|Tithe payments||13|11,650||11,650|12,036|
|Outreach|||1,562||1,562|3,095|
|Fellowship||9||||690|
|Designated<br>gifts||13|300||300|590|
|TOTAL|||91,244||91,244|105,986|
|NET INCOME/(EXPENDITURE)|||12,702||12,702|19,211|
|TRANSFERS BETWEEN FUNDS|||||||
||||12,702||12,702|19,211|
|OTHER RECOGNISED GAINS/(LOSSES)|||||||
|Actuarial<br>gains/(losses)<br>on defined|||||||
|benefit pension schemes||8|14,480||14,480|652|
|NET MOVEMENT<br>IN FUNDS|||27,182||27,182|18,559|
|RECONCILIATION<br>OF FUNDS:|||||||
|TOTAL FUNDS BROUGHT FORWARD|||893,757||893,757|875,198|
|TOTAL FUNDS CARRIED FORWARD|||920,939||920,939|993,797|





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||||Unreatrleted|ReatrlCted|ReatrlCted|Fetal Funda|Total Fugs|
|---|---|---|---|---|---|---|---|
|||Notes|Funds|Funds||81.12.20|31.22.15|
||||5|g||g||
|FIXEDASSETS||||||||
|Tangible assets|||723824|||728<br>24|7269 4|
||||723,824|||723,824||
|CURRENT ASSETS||||||||
|Stock|||1,17$|||1,178|1,2d2|
|Oehtors|||5,755|||5,755|11,066|
|Cash et bank end In hand|||220,686|||220,688|203,|
||||227,621|||227,621|216&|
|CURRENT LIABIUTIES||||||||
|Creditors||||||||
||||1,553|||1,553|8/+|
|NET CURRENT ASSETS|||226069|||2263%8|213,1|
|TOTAL ASSETSLESSCURRENT||||||||
|LIASIUTIES|||949P92|||949,892|940,09|
|PROVISIONS FOR LIABILITIES||||||||
|AND CNAR085|||28953|||28. 53||
||||28,953|||28,953|46,33|
|||||||920,939|893;75|
|FUNDS||||||||
|Ceno'alfunds|||916.827|||916,827|885/91|
|Designated funds|||4,112|||4,112|7,865|
|The financial statements<br>were approved<br>end were signed on Rs behalf bY:||920rr39<br>by the board ofTrustees||-<br>920939<br>89375<br> on .......If„!„,j„**„.**<br>.. „.<br>**.**..||||
|Reverend Stephan Austin-Sparks||||||||
|Trustee||||||||
||The|notes form part ofthese||Enancial|statements|||





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|2<br>Anal<br>sis|of|I|nco|min|Resources|||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||f|f|
|Unrestricted<br>Income||||||||
|Gift-aided donations||||||44,144|52,012|
|General income including|||CAFS|||31,731|35,166|
|Tax refunds||||||11,036|15,016|
|Interest received||||||376|1,006|
|Rent received||||||12,326|20,407|
|Coronavirus<br>Job Retention|||Scheme grants|||3,211||
|||||||102,824|123,607|
|Designated<br>Income||||||||
|Fellowship<br>fund receipts|||||||1,000|
|Designated<br>gifts||||||1,122|590|
|Directed gifts||||||||
|||||||1,122|1,590|
|Total Incoming Resources||||||103,946|115,157|
|3<br>Administration||||fx|enses|||
|||||||2020|2019|
|||||||f|f|
|Salaries, speakers' fees &|||expenses|||12,182|12,447|
|Maintenance<br>ofChurch||building||||1,008|4,239|
|Gas, electricity<br>&.rates||||||5,055|4,887|
|Insurance||||||2,936|2,896|
|Repairs &renewals||||||2,638|5,031|
|Telephone<br>& internet||||||869|678|
|gank charges &subscriptions||||||3,326|3,693|
|Consultants,<br>legal &professional|||||fees|1,404|2,038|
|Independent<br>Examiner's||fee||||1,620|1,560|
|Printing,<br>postage, stationery||||8 photocopying||240|1,646|
|Staff training||||||303|38|
|Housekeeping,<br>service|costs|||& catering||91|579|
|Manses maintenance|costs|||||1,285|953|
|Bad debts|||||||4,800|
|Depreciation to freehold|||building||improvements|3,100|3,100|
|||||||35,557|48,585|





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|||2020|2019|
|---|---|---|---|
|||f|f|
|Gross wages||44,921|43,911|
|Employers<br>National|Insurance|711|609|
|Pension costs||3,897|3,897|
|||49,529|48,417|
|Average number of|employees|||



||Church|Improvements|||
|---|---|---|---|---|
||Premises|to Premises|Manses|Total|
|||f|f|f|
|Cost|||||
|As at 1stJanuary 2020|65,555|65,359|633,369|764,283|
|Additions|||||
|As at 31stDecember 2020|65,555|65,359|633,369|764,283|
|Depreciation|||||
|As at 1stJanuary 2020||37,359||37,359|
|Charge forthe year||3,100||3,100|
|As at 31stDecember 2020||40,459||40,459|
|Net Book Value|||||
|As at 31stDecember 2020|65,555|24,900|633,369|723,824|
|As at 31stDecember 2019|65,555|28,000|633,369|726,924|





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||forthe Year Ended|31December 2020||
|---|---|---|---|
|6|Debtors|||
|||2020|2019|
|||E|E|
||Income tax recoverable|2,754|8,296|
||Prepayments|3,001|2,770|
|||5,755|11,066|
|7|Creditors|||
|||2020|2019|
|||E|E|
||Accruals|1,553|3,077|
|||1,553|3,077|



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||||2020|2019|
|---|---|---|---|---|
||||E||
|Balance sheet liability at|year|start|46,339|49,339|
|Minus deficiency contributions||paid|(3,663)|(4,779)|
|Interest costs|||757|1,127|
|Remaining<br>(credit)/charge|to|balance sheet liability'|(14,460)|652|
|Balance sheet liability at|year-end||28,953|46,339|



||||2020|2019|2018|
|---|---|---|---|---|---|
|Discount rate|||0.4%|1.7%|2.4%|
|Future increases to Minimum|Pensionable|Income|3.0%|3.2%i|3.3%|





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|||||Brought|incoming||Resources|Actuarial|Carried|
|---|---|---|---|---|---|---|---|---|---|
|||||Forward|Resources|Transfer|Expended|6ains/Losses|Forward|
|||||E|E|E|E||E|
|Unrestricted||Funds:||||||||
|Centralfunds||||885,891|102,824|(7,074)|(79,294)|14,480|916,827|
|||||885,891|102,824|(7,074)|(79,294)|14,480|916,827|
|Designated||Funds:||||||||
|Tithe Fund|||a)|790||9,961|(11,650)||(899)|
|Fellowship||Fund|b)|2,887||2,887||||
|Designated||gifts|c)||1,122||(300)||822|
|Sabbatical|Reserve||d)|4,189|||||4,189|
|||||7,866|1 122|7,074|(11,950)||4,112|
|Total Funds||||893,757|103,946||(91.244)|14,480|920,939|



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||Reverend|Stephen|Austin-Sparks|
|---|---|---|---|
||2020||2019|
||E||E|
|Stipend|33,600||32,830|
|Pension||3,897|3,897|
||37,497||36,727|





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||||Notes||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2019|
||||||E|E|E|
|INCOME AND ENDOWMENTS|||FROM:|||||
|Donations<br>and legacies|||||88,768||88,768|
|Tax refunds|||||15,016||15,016|
|Rent received|||||20,407||20,407|
|Interest received|||||1.006||1,006|
|TOTAL|||||||125,197|
|EXPENDITURE ON:||||||||
|Ministry|||||40,685||40,685|
|youth and Sunday|school||||305||305|
|Administration||||3|48,585||48,585|
|Tithe payments||||13|12,036||12,036|
|Outreach|||||3,095||3,095|
|Fellowship|||||690||690|
|Projects||||||||
|Designated<br>gifts|||||590||590|
|Directed gifts||||||||
|TOTAL|||||||105,986|
|NET INCOIVIE/(EXPENDITURE)|||||19,211||19,211|
|TRANSFERS BEtWEEN FUNDS||||||||
||||||19,211||19,211|
|OTHER RECOGIIBSED GAINS/(LOSSES)||||||||
|Actuarial<br>gales/(losses)||on||||||
|defined benefit pension||scheines|||652|||
|NET MOVEMENT|IN FUNDS||||18,559||18,559|
|RECONCILIATION|OF FUNDS:|||||||
|TOTAL FUNDS BROUGHT FORWARD|||||875,198||875,198|
|TOTAL FUNDS CARRIED FORWARD|||||888,787||893,757|





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||||Iyiain|Account|||
|---|---|---|---|---|---|---|
|||Tithe|Call to|Designated|2020|2019|
|||Fund|Service|Gifts|Total|Total|
|||f|f|f||f|
|Opening|balance|790|||790|945|
|Receipts||9,961||1,122|11,083|12,471|
|Transfer|||||||
|||10,751||1,122|11,873|13,416|
|Payments||11,650||300|11,950|12,626|
|Closing balance||899||822 -|77|790|
|Summary|Missionary a||||||
|Society|||||||
|SocietySupport||11,650||300|11,950|12,626|
|Other outside causes|||||||
|TOTAL||11,650||300|11,950|12,626|
|TOTAL DISTRIBUTION|||||||
|Personal/Missionary||11,650||300|11,950|12,626|





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|Societies and Other|Causes|||||
|---|---|---|---|---|---|
|||Tithe|Designated|2020|2019|
|||Fund|Gifts|Total|Total|
|||f|f|f|f|
|Barnabas<br>Fund||1,815||1,815|1,840|
|BMSWorldwide||1,815||1,815|1,840|
|Compassion||1,815|300|2,115|2,180|
|East Timor school project|||||172|
|Father Heart Ministries||878||878|916|
|Hope<br>UK||878||878|916|
|Jews ForJesus||878||878|840|
|Tearfund<br>General||1,815||1,815|1,840|
|Walton and Hersham|Foodbank||||250|
|YWAM Sussex||878||878|916|
|YWAIVI Thailand||878||878|916|
|||11,650|300|11,950|12,626|



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