Zo CHARITY COMMISSION Independent examiner's report on the. Ey) FOR ENGLAND AND WALES accounts
Section A
Independent Examiner's Report
----- Start of picture text -----
oe _ :
membersReport to of the trustees/ =ManversCharity Name Street Baptist; Church |
On accounts for the year | 31 March 2021 en [ Charity no “112078 |
ended | | (ifany) |
: 7
Set outon pages 1 to9
L eeee sheets)|
| report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/03/2021.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the
basis of report accounts in accordance with the requirements of the Charities Act 2011
(‘the Act”).
| report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, |
have followed all the applicable Directions given by the Charity Commission
under section 145(5){b) of the Act.
----- End of picture text -----
Independent [The charity's gross income exceeded £250,000 and | am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable. | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records: or e the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply. Signed: ACU _ oe Date: 01 [12/2021 Name: Katy Gooding 7 i oe a ee Relevant professional FCA ; - - | qualification(s) or body ee 7 - oe IER 1 Oct 2018
(fany;
oe a oe ; - - - 7 |
|
Address: Gooding Accounts oe 24 Warminster Road |[Westbury,][Wiltshire,][BA13][3PE]
.
a
----- Start of picture text -----
|
----- End of picture text -----
Section B
Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
i
4
_ |
Give here brief details of any items that the examiner wishes to disciose.
|
|
|
| | |
----- Start of picture text -----
IER
----- End of picture text -----
2
Oct 2018
Manvers Street Baptist Church
Manvers Street Baptist Church
Statement of Financial Activities
Year Ended 31 March 2021
| Notes | Unrestricted | Restricted | Designated | Totat | Total | |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| £ | £ | £ | £ | £ | ||
| Receipts | ||||||
| Voluntary Receipts | 2 | 62,930 | it) | 0 | 62,930 | 63,145 |
| InvestmentIncome | 3 | 2446 | is] | it) | 2A46 | 3,181 |
| CharitableActivities | 4 | 0 | 3,273 | oO | 3,273 | 7,980 |
| OtherReceipts | 5 | 69,691 | ce) | fe) | 69,691 | 153,132 |
| TotalReceipts | 135,067, | 3273, | “(CO | 138,340 | 227,438 | |
| Payments | ||||||
| CharitableActivities | 647 | 157,310 | 3,273 | 0 | 160,583 | 213,965 |
| TotalPayments | 157,310 | 3273 | 0 | _160,583 | __213,965 | |
| Netof receipts/payments | (22,243) | ° | fe) | (22,243) | 13,473 | |
| Gainsand Losseson | li | 0 | Q | 0 | 0 | 0 |
| revaluationoffixed assets | ||||||
| Trfoffundsfromunrestricted torestricted and designated |
(600) | 600 | 0 | [¢) | ||
| Cash Funds this Year End | (22843) | 0 | 600 | (22,243) | 13,473 | |
| Total CashFunds broughtforward | 114,635 | 2,709,925 | 26,400 | 2,850,960 | 2,837,487 | |
| Total Cash Funds carried forward | 91,792 2,709,925 27,000 2,828,717 2,850,960 ————_e[7IeIeeee=eEeaeEeEeEeEeEeEeEe——eeS———— |
1
Manvers Street Baptist Church
Manvers Street Baptist Church
| Manvers Street Baptist Church | Manvers Street Baptist Church | |||||||
|---|---|---|---|---|---|---|---|---|
| Statement of Assets & Liabilities | ||||||||
| Year Ended 31 March 2021 | ||||||||
| Notes | c7 | 2021 | £ | £ | 2020 | £ | ||
| Assetsretained fortheCharity'sownUse | 10 | 2,805,382 | 2,807,698 | |||||
| Cash Funds | ||||||||
| Debtors CashFunds |
12 13 |
6,932 53,198 |
7A6l 83,996 |
|||||
| 60,130 | 91457 | |||||||
| Liabilities | ||||||||
| Creditors: Amounts | 14 | 9,795 | 21,795 | |||||
| fallingduewithinoneyear | 50,335 | 69,662 | ||||||
| Assets Retained less Liabilities | 255,717 | ~_ | 2877360 | |||||
| Creditors: Amounts fallingdueaftermore |
27,000 | 26,400 | ||||||
| thanone year | ||||||||
| Net Assets | 2,828,717 | 2,350,960 | ||||||
| Charitable Funds | ||||||||
| Restricted Designated Unrestricted |
15 16 17 |
2,709,925 27,000 91,792 |
2,709,925 26,400 114,635 |
|||||
| 2828,717 | ie) | 2,850,960 |
Note The MS8C have two Amounts held with WEBA Trust fund £10k & £70K The notes on pages 5 to 9 form an integral part of these accounts
----- Start of picture text -----
These accounts were approved by the Trustees and signed on their behalf by:-
AE.Bull
Hontreasrer (YWBex dete 72212. ZI
A.Deacon (Trustee) . \ Date > 1
1D wm at teQ AD,
----- End of picture text -----
2
Manvers Sireet Baptist Church
Manvers Street Baptist Church Comparative Statement of Financial Activities Year Ended 31 March 2020
| Notes | Unrestricted Restricted |
Unrestricted Restricted |
Unrestricted Restricted |
Designated | Total | |
|---|---|---|---|---|---|---|
| 2020 | ||||||
| Receipts | £ | £ | £& | £ | ||
| Voluntary Receipts | 63,145 | ie) | 0 | 63,145 | ||
| InvestmentIncome | 3181 | 0 | (9) | 3,181 | ||
| Charitable Activities | Q | 7,380 | [¢) | 7,980 | ||
| OtherReceipts | 153,132 | 0 | 0 | 153,132 | ||
| Total Receipts | - | 219,458 | 7,980 | QO | 227 438 | |
| Payments | ||||||
| CharitableActivities | 205,985 | 7,980 | iy) | 213,965 | ||
| TotalPayments | 205,985 | 7,980 | 0 | 213,965 | ||
| Net of receipts/payments | 13,473 | 0 | 0 | 13,473 | ||
| GainsandLosseson revaluationoffixed assets |
0 | 0 | i?) | 0 | ||
| Trfoffunds fromunrestricted to restricted and designated Cash Funds thisYear End |
(2,039) 11434 |
1,439 L435 |
600 600 |
i¢) TSA73 |
||
| Total Cash Funds brought forward | ____ | 103,201 2,708486 |
25,800 | (2,837 487 | ||
| TotalCashFundscarriedforward | 114,635 2,709,925 |
26,400 | 2,850,960 |
3
Manvers Street Baptist Church
Manvers Street Baptist Church
NOTES TO THE ACCOUNTS
3ist March 2021
The Churches Charity number is 112078 This was due to the change on legislation for Church with income over £100,000
1. Accounting Policies
a, Basis of preparation These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note{s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standord applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 January 2016). The charity has taken advantage of the provision in the SORP for charities applying FRS 102 updated bulletin 1 not to prepare a Statement of Cash Flows. These accounts are prepered in sterling, which is the functional currency of the charity. Monetary amounts in these accounts are rounded to the nearest £.
b Tncome Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount, Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. Tf the amount is not known, the legacy is treated asa contingent asset.
c Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees annual report. d Resources Expended Resources are expended are included in the Statement of Financial Activities on Receipts and Payments basis, inclusive of any VAT that can not be recovered
e Fixed Assets Tangible fixed assets ore initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses, Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.
Furniture & Fittings are included at their written down values. Windows for the Manse purchased 2018-2019 £16,980
Raised for Other Causes Giving raised for other causes during year and paid out withinthe same period g Reserve Policy The Church shall maintain sufficient financial reserves to cover at least an estimated six months expenditure,
4
Manvers Street Baptist Church
hh ~=—s Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, Thus the trustees continue to adopt the going concern basis of accounting in preparing these accounts,
| 2 Voluntary Income |
||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | 2021 | 2020 | ||
| Offerings TaxRefunds Legacies |
51,971 10,959 0 |
= | 51,971 10,959 0 |
51,639 11,506 a: |
||
| 62,930 | 0 | ie} | 62,930 | 63,145 | ||
| a Investment Receipts |
||||||
| Unrestricted | Restricted | Designated | 2021 | 2020 | ||
| BankInterest | 2446 | 2446 | 3,181 | |||
| Other Investments | a | ee) | 0 | |||
| a | 2,446 | (e) | Oo | 2,446 | 3,181 | |
| 4 Receipts from Charitable Activities |
2021 | 2020 | ||||
| Outreach FundRaising | 0 | 0 | ||||
| OpenSpace | 3,273 | 3,273 | 5A60 | |||
| raisedforotherCauses | 0 | 2520 | ||||
| 0 | 3,273 | (¢) | 3,273 | 7,980 | ||
| 5 Other Receipts |
||||||
| Unrestricted | Restricted | Designated | 2021 | 2020 | ||
| CarPark | 6,603 | 6,608 | 6,7B9 | |||
| RoomLettings/OTR | 55,427 | 55,427 | 90,265 | |||
| Café@theCentre | 3,496 | 3,496 | 51,661 | |||
| SundryIncome | 4160 | 4,160 | 4A17 | |||
| 69,691 | 0 | 0 | 69,691 | 153,132 | ||
| 6 Costs of Generating Activities Voluntary |
Receipts | |||||
| Unrestricted | Restricted | Designated | 2021 | 2020 | ||
| Café@theCentre | 30,101 | 30,101 | 54,275 | |||
| Administration Maintenance Ministry Mission (Grants Payable) |
20,509 34853 57,927 13,320 |
20,509 34853 57,927 13,320 |
19,694 57,626 60,070 13,720 |
|||
| RaisedforotherCauses(YoungCarers) | [¢) | 2,520 | ||||
| OpenSpace(Grantspayable) | 3,273 | - | 3,273 | 5A460 | ||
| 156,710 | 3,273 | o | 159,983 | 213,365 |
5
Manvers Street Baptist Church
----- Start of picture text -----
7 Governance Costs (Costs of managing the charity)
Unrestricted Restricted Designated 2021 2020
Independent Examination 600 600 600
Legal Costs ie] (e]
Other
a 600 i] 0 600 600
6 Grants Payable {See note 6)
Unrestricted Restricted Designated 2021 2020
BUGB Home Mission 7,200 7,200 7,200
BMS World Mission 5,520 5,520 5,520
Other Charitable Giving 600 600 1,000
Raised for other causes 0 1,313
Outreach Fund Raising 7 0 5,460
13,320 t¢] 0 13,320 20,493
Grants made to individuals | 3,873
Grants made to institutions
If the charity has made grants to particular institutions that are material in the context of its grant making please give detaiis
of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be
given to provide a reasonable understanding ofthe range of [institutions][ supported.]
Names of institutions Total amount of grants paid £
BMS World Mission Christian world Mission | _—~620
Christian Mission at Home
|
Total grants to institutions) [12,720]
9 Stoff Costs
2021 2020
Gross Salaries 77 180 59,664
Social Security Costs 1,749 2592
Pension Costs (See note 18) 9,978 10,519
Other Costs
88,907 72,778
The average numberof employees during the year was:- 5 5
No employee received emoluments in excess of £60,000 during the year (2020 none)
No sums were reimbursed to the Trustees for their work as Trustees (2020 none)
----- End of picture text -----
6
Manvers Street Baptist Church
| 10 Assets retained for the Charity's own Use | |||||||
|---|---|---|---|---|---|---|---|
| Church Property |
Furniture& Fittings |
Computer Equipment |
Total | ||||
| Cost | |||||||
| 1st April'2020 Additions Revaluations |
2,706,980 | 437 132 | 8,101 | 3,152,213 0 0 |
|||
| Disposals | a | 9 | |||||
| 3istMarch’ 202i | ___2,706,980 | 437132000AOL | 8.152.213 | ||||
| Depreciation | |||||||
| 1st April’ 2020 | 336,920 | 7595 | 344515 | ||||
| Chargefortheyear | 2,316 | 2,316 | |||||
| OnDisposals | ee | 0 | |||||
| _ | — | ||||||
| 3istMarch’ 2021 | ; | 0 | _339,236 | 7595 | 346,831 | ||
| Net Book Value | |||||||
| ist April’ 2020 | 2,706,980 | 00212 | 506 | 2,807,698 | |||
| 31stMarch’ 2021 | 2.706980 | 97896 | 506 | __ 2,805,382 | |||
| Allthefixedassets are usedforcharitable purposes | |||||||
| 11 Gains and Losses on Revaluation of Fixed |
Assets | ||||||
| At3istMarch 2021 the following propertieswereheld | heldas | longterm | investments:- | ||||
| Church Premises | 2021 2,280,000 |
2020 2,280,000 |
|||||
| 25,CastleGardens, Bath | 426,980 | 426,980 | |||||
| Total | 2.706 980 | 2,706,980 | |||||
| 12 =Debtors |
|||||||
| 2021 | 2020 | ||||||
| Prepayments | 6,107 | 6111 | |||||
| CaféFloats | 825 | 1,350 | |||||
| 6,932 | 7A61 | ||||||
| 13. Banks and Cash |
|||||||
| 2021 | 2020 | ||||||
| LloydsBankplc | 27,054 | 60,247 | |||||
| Baptist UnionCorporation | 10,512 | 10,477 | |||||
| WEBA TrustAccount | 15,304 | 12,946 | |||||
| PettyCash | 328 | 326 | |||||
| ___— 53,198 |
; | 83,996 |
7
Manvers Street Baptist Church
14 Creditors: Amounts folling due within one yeor
| folling due within one yeor | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Trust Funds | 234 | 1,439 | |||
| Deferred Income | 5,965 | 9,A90 | |||
| Accruals Other Creditors |
1,096 2.500 |
5,450 5,416 |
|||
| 9,795 | 21,795 | ||||
| 15 —sRestricted Funds | 1st April | Incoming | Resources | Transfers | 3istMarch |
| 2020 | Resources | Expended | 2021 | ||
| OpenSpace(Greens Teams) | 2,945 | 3,273 | 3,273 | ) | 2,945 |
| raised for other *Causes (YoungCarers) Outreachfundraising |
it] 0 |
0 0 |
i¢) 0 |
0 i?) |
o ° |
| Café@centre | 0 | 0 | ie) | 0 | 0 |
| Churchandgardens | 2,706,980 | ie} | 2,706,980 | ||
| 2,709,925 | 3,273 | 3,273 | ) | 2,709,925 | |
| tstApril 2019 |
Incoming Resources |
Resources Expended |
Transfers | 3istMarch 2620 |
|
| OpenSpace (GreensTeams) | 1,444 | 5,460 | 5,460 | (1,501) | 2,945 |
| raised for other *Causes (Young Carers) | 62 | 2,520 | 2,520 | 62 | [9] |
| Outreach fundraising | a | 0 | |||
| Café@ centre | ie} | (*) | |||
| Church andgardens | 2,706,980 | 2,706,980 | |||
| 2,708,486 | 7,980 | 7.980 | (1,439) | 2,709,925 | |
| 16 = Designated Funds |
ist April 2020 |
Incoming Resources |
Resources Expended |
Transfers | 3tstMarch 2021 |
| Quin.Maint. RepairsFund |
i 26,400 |
0 600 |
it] 27,000 |
||
| General Maint. | Q | _ | 0 | 0 | |
| 26 400 | 0 | 0 | 600 | 27,000 | |
| istApril 2019 |
Incoming Resources |
Resources Expended |
Transfers | 31stMarch 2020 |
|
| Qiun.Maint. RepairsFund |
0 25,800 |
600 | [9] 26,400 |
||
| General Maint, | io 25,800 |
0 | 0 | 600 | 0 26,400 |
| Therepairsfundrepresentssumsset asideforthelongtermmaintenance ofthechurch | buildings | ||||
| 17 ~—sAnalysisof Net Assets | Fixed | Investments | Current | Total | |
| Assets | Assets | ||||
| RestrictedFunds DesignatedFunds |
2,706,980 | 2,945 27,000 |
2,709,925 27,000 |
||
| Unrestricted Funds | 98,402 | (6,610) | 91,792 | ||
| 2805,382 | 0 | 23,335 | 2,828,717 |
&
Manvers Street Baptist Church
18 ~—— Pensions
The total pension cost for the Church for the year was £10,529 (2020 £10,519)
19 ~—- Related Charities
The custodian Trustee of the church is the West of England Baptist Association which is charity number 1092443,and which is cantrolied by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain.
The church madea donation to the Baptist Union Home Mission Scheme as set out in note B
9
MANVERS STREET BAPTIST CHURCH, BATH
Trustee Report for the Financial Year ending 31°* March 2021
1. Constitution
Manvers Street Baptist Church (MSBC) approved a Revised Constitution at a Special Church Members Meeting on 9 November 2008 and was adopted as a registered Charity on 2 February:2009 (Charity No.1127828).
2. Organisation
MSBC moved to its current site 1872 but its origins date from 1752 with a Baptist community worshipping in the city centre. MSBC is understood to mean the members of the charitable unincorporated association governed by its current constitution and Trust Deed. The members appoint a Board of Trustees (also known as Deacons) who are responsible for the governance of the church as discerned by the Members Meeting. The Church is affiliated to the Baptist Union of Great Britain and the West of England Baptist Association, who administer the Trust Deed.
3. Objectives of the Charity
The principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination, with special emphasis to the city centre environment. The church may also advance Christian Teaching and carry out other charitable purposes at home and abroad.
4. Serving Trustees
Serving Trustees (effective from April 2020
Rev'd Andy Percey - Chair (Minister/Pastor) Alison Bull - Treasurer John Bodey Christopher Buddeli Isabel Buddell Deborah Curtis Terry Gale Valerie Gale Patrica North Tom Winsborough
5. Appointment of Trustees
Trustees (excepting Minister, Secretary and Treasurer) are appointed for a term of office lasting three years with the opportunity to serve one further three year term of office if elected. After two terms of office the trustee must take a sabbatical of at least one year. The Minister serves for his/her tenure of office and the Secretary and Treasurer are appointed annually.
6. Staffing
The church supports an accredited Minister of Religion on a full-time basis.
The church currently employs one full-time employee on Centre Management and Community Development. This employee has line management responsibility for the Office Administrator (part time), two Caretakers (part time) who live above the premises and for a number of volunteer staff who work in the Café. The Office Administrator’s tasks include room lettings and office support duties. During the most recent lockdown, the church found it necessary to place the church staff (not the
Trustee Report 2020-21
Minister) on part-time furlough due to the lack of work available. This temporary measure is reviewed on a monthly basis but is likely to remain in place until the premises re-open.
7. Achievements and Performance
This has been an exceptional year in the tife of the church. The world-wide Coronavirus pandemic has meant that the active life of the church has been curtailed as a result of social distancing measures introduced by HM Government to mitigate the spread of the Covid-19. The social distancing measures have been relaxed and reinforced at different times by HM Government depending on the infection rate across the population and the effect this was having on NHS resources. To put this in context, as at the end of March 2021, in the UK 4.3 million people have tested positive for Covid-19 with 126,713 deaths from any cause within 28 days of a positive test. Globally, 129 million have been infected and 2.8 million have died. We thank God that, to date, the Church at Manvers Street has lost no-one to Covid-19.
Social distancing, including full lockdown at times, has meant that the fellowship has not met in-person for Sunday worship in this past year. For a short period (between lockdowns) we were able to meet in person socially distanced and without communal singing, at the church midweek. We have had to develop new ways of gathering for worship and fellowship through the facility of the WorldWide Web and these have been most appreciated. They include a midweek Zoom chat( ), the Sunday Service on-line (_), a ‘Thought For The Week ( ). Off-line we have reintroduced a weekly Bible Study and set up arrangements for the Trustees/Deacons to maintain contact with members. Like the rest of the population, we look forward to a time, in the not too distant future, when we can meet together in person for worship and fellowship.
There have only been 2 Church Members Meetings in the year {one in-person at church and one on Zoom). There have been 11 Trustees (Deacons) Meetings (one in-person at church and ten on Zoom). There have been no Café at the Centre Meetings during the reporting period. Reverend Andy Percey completed his sixth year as our minister. Andy's leading of worship is both thoughtful and inspiring and his pastoral gifts are much appreciated in the wider fellowship.
Under the social distancing measures the premises (known collectively as the Open House Centre) have been virtually closed for the entire year with the only use of the premises being by self-help groups such as Alcoholics Anonymous.
The Café at the Centre has been closed for all of the year except for a short period between lockdowns whena very limited service was possible. This invoived additional expense to introduce physical measures to protect staff and customers and the footfall was insufficient to cover the cost. Nevertheless we believe this was a useful service and we look forward to a time when it will be business as usual. The café's primary role is providing a sanctuary in a busy city centre and is an important aspect of the charity's outreach.
In normal times, the cafe provides an ideal base for outreach, where an open invitation can invite togetherness. Examples of weekly gatherings involving the church and wider community are: Crafty Monday, on a Monday afternoon, is time when “people meet people’ ina relaxed atmosphere and explore creativity in a variety of ways.
Baby and Toddlers group meet on Tuesday.
Thursday People meet on a Thursday morning to chat and play board games:
Trustee Report 2020-21
Open Space Post Natal Group
Friday night short mat bowls
Friday and Saturday nights as a base for Street Pastors
Again in normal times , Christians Against Poverty (CAP) operate a debt counselling service from our premises. This complements the work of other charitable organisations based in our facilities. These include:
Julian House Night Shelter for the homeless Off The Record counselling service for young people CRUSE counselling Food Bank
Examples of non-church not-for-profit activities based in or using our premises (in normal times) are:
Alcoholics Anonymous, Gamblers Anonymous and Narcotics Anonymous University of the Third Age (U3A)
Workers Education Association Bath Welcomes Refugees and Syrian Women’s group Various choirs and study groups
We continue to give financial support to the Baptist Union Home Mission Fund (£7,200) and Baptist Missionary Society (£5,520).
Whilst the challenges for next year remain clear, and the future remains uncertain, we can be confident that we can meet these challenges with courage and peace, knowing that we are a strong community, with trust in a faithful God.
8. Financial Review
The approved (income and expenditure) for the Church and Café Accounts during the reporting period year is appended to this report. This reflects the challenging year which has seen rental income drop by £34,838 and the Café at the Centre operating at a £26,605 loss. {n overall terms the church incurred a deficit of £22,243 in the financial year. Offering income has remained steady and the Church has been grateful for the availability of the Government Job Retention Scheme which recompenses employers up to 80% of wages for the hours staff are furloughed.
9. Reserves Policy
The Church policy is to maintain sufficient financial reserves to cover at least six months estimated expenditure. Clearly, with an in-year deficit of £22,243 our Reserves have fallen considerably and will continue to fall until such time as the Open House Centre and the Café at the Centre are operating as normal and the footfall is back to pre-pandemic levels. We have faith that our Reserves will be sufficient to meet our needs until that time. We will then need to build them up again to our preferred level.
Trustee Report 2020-21
10. Future Plans
The Charity will:
Seek to maintain a Christian witness in this city centre: offering a safe place for all to meet. Continue the search for an appropriate way in which to administer the charities activities. Undertake substantial maintenance work on the premises
Trustee Report 2020-21