# **Annual Report of Light and Life Free Methodist Church East Cornwall Registered Charity Number 1128866** **For the year ended 31 December 2021** ## **Contents** ||_Page_| |---|---| |Reference and administrative details|1| |Trustees’ report|2 - 5| |Independent Examiner's Report to the Trustees|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9 - 17| ## Reference and administrative details _For the year ended 31 December 2021_ Name of charity: Light and Life Free Methodist Church East Cornwall Charity registration number: 1128866 Trustees: J Townley National Leader (FMC UK) N Day (Appointed 20 May 2018) C Banwell (Resigned 18 February 2021) D Horwell (Appointed 19 April 2021) A O’Byrne (Resigned 31 March 2021) M Wisheart (Appointed 14 September 2021) Other key management personnel: P Godfrey Lead Pastor (St Austell) J Langford Lead Pastor (Bodmin) M Davy Lead Pastor (Liskeard) (until 30 April 2021) D Hull Lead Pastor (Bristol) Registered office and principal address: Light and Life Centre Units 4-5, Brunel Business Park The Sidings St Austell Cornwall PL25 4TJ Independent examiner S Day Park House New Mills Ladock Truro Cornwall TR2 4NN Bankers: Charities Aid Foundation 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA 1 ## **Trustees’ report for the year ended 31 December 2021** The trustees present their annual report and financial statements for the year ended 31 December 2021. The trustees who served during the year and up to the date of this report are set out on page 1. In submitting their report and the financial statements for the year ended 31 December 2021, the trustees have adopted the provisions of The Charities Act 2011 in preparing the Annual Report and financial statements of the charity. ## **Structure, governance and management** Light and Life Free Methodist Church East Cornwall is part of the Free Methodist Church UK conference. More locally we are part of a family of Light and Life Free Methodist (FM) churches across Cornwall. Light and Life FM Church East Cornwall is led by Pastor John Townley and a trustee from each church within the charity. The trustees are elected annually at the Annual Society Meetings by the charity’s members. The Light and Life churches in the charity are part of the Free Methodist Churches in the UK Conference and the organisation structure is in keeping with The Free Methodist Book of Discipline. All members of the congregation who feel Light and Life is their spiritual home are encouraged to attend a membership course with a view to becoming members. ## **Objectves and actvites** The charity is committed to promoting and spreading the gospel of Jesus Christ and enabling ordinary people to live out their faith. Contemporary worship services with relevant biblical messages are complemented with bible based, engaging and educational courses and practical community pastoral care and help. Our mission statement is: ‘To see God’s love transform lives as we follow him’. Where appropriate the charity also aims to relieve sickness and financial hardship and to promote and preserve good health through funds, goods or services of any kind including through the provision of pastoral advice and support and the advancement of education. Our missionary focus is the east region of Cornwall and Bristol, but extends to the rest of Cornwall where we are part of a larger family of Light and Life churches. The focus continues in our connection and involvement with the ministry of the Free Methodist Church nationally and internationally. ## **Public beneft statement** The charity complies with the public benefit requirement through its charitable objectives. The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. ## **Achievements and performance** Light & Life Free Methodist Church East Cornwall has continued to survive during 2021. We now have established churches in St Austell and Bodmin along with a micro-church in Liskeard and the church plant in Kingswood, Bristol. The latter has established it’s own charitable status and is a separate entity from January 1[st] 2022. All of our churches have re-established Sunday meetings as well as sending ‘live’ transmissions online. People have been slowly returning to these meetings depending on their own circumstances and health situations but numbers have been steadily increasing. 2 ## _**Church reports**_ ## **St Austell** Pastor Pete Godfrey shared that as he thought about the last year three words kept coming to mind - Challenge, Change, Opportunity. He linked this to James 1:2-4. In the midst of the challenge God has been and continues to be at work. One of the joys has been seeing people grow; so well done and keep going. He gave the statistics for the last year and how these capture something of the challenge of being one family while scattered. A number of people who have been a precious part of the family have left for various reasons. At the same time had the joy of seeing a number of people give their lives to Jesus and get baptised and many new members of the church. In the midst of the challenge God is still at work. ## Having talked about challenge now want to talk about opportunity. Foodbank – we’ve fed over 3200 people over the last year, we’ve helped and supported people in practical ways through community champions and had opportunity for prayer and people to hear more about Jesus – we have a tremendous team that help and support that. Come April we will be back opening the centre, providing tea and coffee and time to chat. Stocks are very good and we continue to be blessed by people’s financial generosity. ## Community Mission - St Austell Foodbank Big changes within the foodbank – two volunteers who are community champions are leaving due to personal circumstances. The Food bank co-ordinator is also intending to transition out of the role by the summer. At the same time, we’ve been exploring how we better partner with CAP – the opportunity that has stood out for us is CAP life skills, help with cooking, money, applying for jobs/CV skills and other essential life skills. Creates two key needs: CAP life skill coaches who we also hope will provide some of the sign posting that the community champions did. CAP life skills manager – someone who will manage and develop CAP Life Skills. This would require 2 days per week. When you add to this the need to replace the Co-ordinator and the current vacancy for a Foodbank Manager then we have the opportunity to create a full-time post managing both the Foodbank and CAP Life Skills. Financially the Foodbank is in a very good place and there is also the potential for additional external funding. ## Children’s work: We are encouraged by how God is at work among the children and youth and then invited the two leaders to come and share. Youth group: Alpha course - one non-church child gave their life to Jesus. Children are leading their own little groups within the church. The vision is for discipleship, changing to have the first hour as a youth growth group and the second hour is for inviting friends. Children’s church: David Abbott leading the children to be able to lead and preach, lead a session on the Holy Spirit and the children were speaking in tongues. ## World Mission We continue to support David Abbott as an itinerant children’s evangelist. His reports following each trip contain inspiring accounts of how children’s lives are being transformed through prayer and ministry. In addition, we have supported Amigos and their work in Uganda that provides help to very poor communities. ## **Bodmin** Pastor Jon Langford started last year’s report with, “Well, what a year to report on!” and this year seems pretty much the same! As we entered into yet another lockdown, so our services continued on Zoom – can you believe it was only last June that a few of us started to tentatively meet in the Upper Room at the Methodist Church whilst others beamed in on facebook? But it’s also been a significant year for us. I’m so thrilled to say that there are people with us today who we didn’t know last June – people who have found us and found a relationship with Jesus since then. And Covid may have kept us apart physically, but I believe it drew us closer together spiritually, without a doubt. So we wanted to be able to see each other when we met – no more straight lines! We maxed out the “rule of 6” to break over-large housegroups into smaller ones – ones that have been really effective as everyone now contributes, and we are going deeper with one another and with God. 3 A definite highlight was the baptisms last July at Daymer Bay – closest to heaven I’ve been for a long time as we baptised Karensa, Andie and Sam, and then the joy of returning in Sept to baptise Wayne. And of course, the other highlight was being approached by BCA last summer and asked if we’d be interested in using this shop whilst it awaited development. And what a gift it’s been. It’s brought a new freedom – a greater openness to the Holy Spirit – and new opportunities. It’s given us that much needed presence on the high street – and people have connected with us just by seeing details in the window. It’s also led to us being invited to be part of larger, town-wide events, including the recent Charrette, and we’re now part of a group of voluntary groups which have committed to working together to find public buildings we can all use. We’ve now run **SkillSHARE** for just over 6 months and seen so many lives changed already. We’ve seen people grow in confidence, develop their skills, and have silly photos taken in a Nativity Photo Booth! Our plan now is to seek funding for a further 3 years and up the opportunities we provide, all within the safe a secure environment that is SkillSHARE. But pretty much like life, it’s not straight-forward. We’ve also sadly closed Sunday services at **Liskeard** over this past year, but have so enjoyed having a remnant join us here in Bodmin, and their housegroup continues to meet faithfully. We’ve also increased the number of opportunities to serve, and I’m so grateful to those who faithfully support us each week. Everyone who does refreshments, worship, housegroup leading, SkillSHARE, and all the other duties – but I want to say a special thank you to Marie and Mike for running the youth and children’s work – amazing! And I also need to thank the CLT especially who have been amazing in what has been another demanding year as significant decisions have had to be made – and they’re doing another year! I’m especially grateful to them for the amazing job they did whilst I was on sabbatical for Jan and Feb – such clear leadership and such a desire to serve God in it. Thank you! And each year, I also thank my family, and Wendy especially, for putting up with me. This year especially, Wendy has been a real rock and wisdom for me – thank you. As a church, we are now 5 years old, and I’ve always said at every AGM that church planting is about being **INTENTIONAL, RELATIONAL AND SACRIFICIAL** . None of this “just happens”. The care people have shown for one another has been amazing. Whether in prison, under police investigation, looking for new properties, with Covid and without it, people have faithfully been “church family” to one another. It’s very special. And it’s intentional. But it’s also sacrificial. People give time and money which enables this church to operate. They invest in each other and give up other things to do so. Thank you! Forms available…! And notice that most of this report is about PEOPLE – that’s because at the centre of what we do is a ministry which is RELATIONAL. It’s about a relationship with Jesus and our relationships with one another. But THE question at our AGM is always **ARE WE BETTER DISCIPLES?** Are we following Jesus better this year than we were last? As we go forward, my prayer is that we will learn what it is to truly belong to this messy little community which is more like an autopsy than a Vogue model! There’s a lot of faith involved in that – especially as we don’t know where we’ll be meeting after July, but together, and full of the Spirit, we’ll keep believing in Bodmin, looking for what God is doing, and committing to follow Him whatever comes. And key to that is going to be a commitment to ensure that each person who CONNECTS with us will then GROW and SERVE as we looked at last week. My hope is that we can better ensure that’s happening for everyone, and that we can extend our outreach to children and families in particular. Watch this space! And finally, I want to thank God for his faithfulness to us as a church. So much is still fragile, and I have a feeling it’s just the way we’re going to be, but our stability is Him and all He keeps on doing amongst us. So let’s pray, let’s seek Him, and let’s take risks that see us connect, grow and serve into 2022 and way beyond. 4 Bristol ￿ going very well with Dawd HIAI as the leal pastor and ty h3¥t TM)w frKmed their own tharity afe holding their very first annual meeting this year. Pastor Davxl Hdl Sends his thanks for all the 5UPPOrt given them by itht & Life East Corrh¥al during their initial st¥ting w) wmmlssion under sectlon 145(51(b) of the 2011 Act; and state whether partlcular matters have con* to my attention. Bas1$ of Independent oxaminerf$ report My examination VA5 carried out in accordance wfth the genernl Directions given by the Charlty Commission. An e¥arnination Includes a revlew of the accourrtirE records kept by the charity and a comparison of the a¢counts presented with those records. It also includes consideratSon of any unusual items of disclosures in the accounts. and seeklng explanations from you as trustees concernin8 ary such matters. The procedures undertaken do not provlde am the e%iden¢e that woukl be required in an audit aFHI consequently rx) oplnlon Is 8iven as to whether the accounts present • "true and falr vw and the report is limited to those matters Set out in the statement below. Independent examln•P$ statement In connertKin with my examination, no matter has come to my attention: (i) whlch gives me reasonable cause to belieht thaL in arry material respect, the reQu1￿Ments. to keep accounting records in acwdance Wbth sectk)n 130 of the 2011 Art: and to p￿pare accounts whith accord with the accounting records and comply with the accountlng requirements of the 2011 Act have not been met," or to which. in my opinion. attentlon should be drdwn In or(ler to enable a proper understaThJlng of the actourrts to be reached. Park House New Mllls Ladock Truro Cornwall TR2 4NN Stephen Day Chartered Public Finance Accountant ## Statement of financial activities _For the year ended 31 December 2021_ |||Unrestricted|Restricted|**Total**|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds|**2021**|funds|funds|2020| ||_Notes_|£|£|**£**|£|£|£| |**Income from:**|||||||| |Donations and legacies|_3_|188,357|130,390|**318,747**|196,353|166,941|363,294| |Charitable activities|_4_|9,293|33,057|**42,350**|16,565|-|16,565| |Other trading activities|_5_|1,699|-|**1,699**|1,947|-|1,947| |Investments|_6_|1,172|-|**1,172**|1,422|-|1,422| |||_________|_________|_________|_________|_________|**_________**| |**Total income**||200,521|163,447|**363,968**|216,287|166,941|383,228| |**Expenditure on:**|||||||| |Raising funds|_7_|-|360|**360**|-|360|360| |Charitable activities|_8_|221,914|128,449|**350,363**|252,551|118,632|371,183| |||_________|_________|_________|_________|_________|_________| |**Total expenditure**||221,914|128,809|**350,723**|252,551|118,992|371,543| |**Net income/(expenditure)**||(21,393)|34,638|**13,245**|(36,264)|47,949|11,685| |Transfers between funds||738|(738)|**-**|-|-|**-**| |||_________|_________|_________|_________|_________|_________| |**Net movement in funds**|_15,16_|(20,655)|33,900|**13,245**|(36,264)|47,949|11,685| |**Reconciliation of funds:**|||||||| |Total funds brought forward||321,145|184,669|**505,814**|357,409|136,720|494,129| |||_________|_________|_________|_________|_________|_________| |**Total funds carried forward**||300,490|218,569|**519,059**|321,145|184,669|505,814| 7 Balance sheet A5 at 31 ￿e￿rnber 2tr21 Flx•d ass* TanB5frAe assets li z7LoM 277,729 Debtors Cash at bank aThJ In haNI 18.089 290,783 2n.421 6,872 Creditor5: arn￿rts fallin8due withifi one 13 (7.U) 114.8461 283.5 294.1)26 554.559 571,755 Credltorn. I411￿ dueaftv mofe than one y•ar 135JO)I 165,94¥ 14 519.059 )5,814 Funds oftheth•rtty Unrestricted fvnd&' General funds )a51 284,667 36.478 Totsl uNestrthd l￿d$ ).490 32LI45 Restrlcted fvnds 16 218J69 184169 519109 505,814 The flnanclal ststements**re apPr￿ed by tr* Trustees on... . -. e on their behalf by. JT￿ ## Notes _(forming part of the financial statements)_ - 1 **General information and basis of preparation** ## _**1.1 Basis of accounting**_ Light & Life Free Methodist Church East Cornwall is an unincorporated charity registered in the England and Wales. The address of the registered office and the nature of the charity's operations and principal activities are given in the Trustees' Report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounting and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), including "Amendments to Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland". The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out in note 2, which have been consistently applied to all years presented unless otherwise stated. ## _**1.2 Changes to accounting estimates**_ No changes to accounting estimates have occurred in the reporting period. ## _**1.3 Material prior year errors**_ No material prior year error have been identified in the reporting period. 9 ## Notes _(forming part of the financial statements)_ ## 2 **Accounting policies** ## _**2.1 Income**_ These are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income recognition criteria are met. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest is included in the accounts when receipt is probable and the amount receivable can be measured reliably. ## _**2.2 Expenditure and liabilities**_ Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. No material item of deferred income has been included in the accounts. The charity has creditors which are measured at settlement amounts less any trade discounts. ## _**2.3 Assets**_ Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less any residual value of each asset over its expected useful life, as follows: Freehold property - 2% per annum on cost Fixtures, fittings and equipment - 12.5 - 25% per annum on cost Debtors (including trade debtors) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 10 ## Notes _(forming part of the financial statements)_ ## 2 **Accounting policies (continued)** ## _**2.4 Leasing**_ Rental charges under operating leases are charged to the SoFA on a straight line basis over the term of the lease. ## _**2.5 Pension costs**_ The pension costs charged in the financial statements represents the contributions payable to the scheme in respect of the accounting period. ## _**2.6 Funds**_ Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets the criteria is allocated to the fund. Unrestricted funds relate to incoming resources received or generated for the charity’s purposes. Designated funds are unrestricted funds earmarked by the charity’s trustees for particular purposes. ## _**2.7 Statement of cash flows**_ The charity has opted to prepare the accounts under Charities SORP (FRS102) and has adopted Update Bulletin 1 and is exempted from preparing a cash flow statement on the grounds that it is a small charity. ## **3 Income from donations and legacies** |**Income from donations and legacies**||||| |---|---|---|---|---| ||Unrestricted|Restricted||| ||funds|funds|**Total 2021**|Total 2020| ||£|£|**£**|£| |Donations & planned giving|143,300|49,272|**192,572**|236,079| |Tax recoverable on Gift Aid|25,712|6,669|**32,381**|33,003| |Other receipts|19,345|6,497|**25,842**|21,264| |Gifts in kind|-|67,952|**67,952**|72,948| ||188,357|130,390|**318,747**|363,294| |**Income from charitable activities**||||| ||Unrestricted
funds|Restricted
funds|**Total 2021**|Total 2020| ||£|£|**£**|£| |NLT contribution to salaries|5,205|-|**5,205**|15,655| |Hire of facilities|588|-|**588**|910| |Grants|3,500|33,057|**36,057**|-| ||9,293|33,057|**42,350**|16,565| ## **4 Income from charitable activities** 11 ## Notes _(forming part of the financial statements)_ |**5**|**Income from other trading activities**||||| |---|---|---|---|---|---| |||Unrestricted|Restricted||| |||funds|funds|**Total 2021**|Total 2020| |||£|£|**£**|£| ||Feed-in Tariff|1,699|-|1,699|1,947| |**6**|**Income from investments**||||| |||Unrestricted
funds|Restricted
funds|**Total 2021**|Total 2020| |||£|£|**£**|£| ||Bank interest|1,172|-|**1,172**|1,422| |**7**|**Expenditure on raising funds**||||| |||Unrestricted|Restricted||| |||funds|funds|**Total 2021**|Total 2020| |||£|£|**£**|£| ||Foodbank promotion|-|360|**360**|360| |**8**|**Expenditure on charitable activities**||||| |||Unrestricted
funds|Restricted
funds|**Total 2021**|Total 2020| |||£|£|**£**|£| ||Staff costs|143,888|44,571|**188,459**|202,277| ||Donations & mission giving|17,586|4,215|**21,801**|32,018| ||Food distributed|-|67,952|**67,952**|72,948| ||Administration expenses|60,440|11,711|**72,151**|63,940| |||221,914|128,449|**350,363**|371,183| 12 ## Notes _(forming part of the financial statements)_ |**9**|**Trustee Remuneration**|||| |---|---|---|---|---| |**_9.1_**|**_Remuneration_**|||| ||**Name of trustee or related party**|**Legal Authority**||**Amounts Paid**| ||||**2021**|2020| ||||**£**|£| ||J Townley (as Lead Pastor (Bristol))|Governing document|-|35,851| |**_9.2_**|**_Expenses_**|||| ||||**2021**|2020| ||Number of trustees who were paid expenses||**-**|1| ||Nature of the expenses||**N/A**|Travel| ||Total amount paid||**£-**|£153| |**10**|**Staff costs and numbers**|||| |**_10._**||||| |**_1_**|**_Staff Costs_**||**Total**|Total| ||||**2021**|2020| ||||**£**|£| ||Salaries||**165,264**|178,742| ||Employer’s NI||**10,782**|11,766| ||Employer’s Pension||**12,412**|11,769| ||||**188,458**|202,277| ||There were no employees whose annual remuneration was £60,000 or more.|||| |**_10._**||||| |**_2_**|**_Staff Numbers_**|||| ||**_Average number of staff employed_**||**2021**|2020| ||Full time||**5.00**|4.75| ||Part time||**2.50**|3.33| ||||**7.50**|8.08| ||**_Average number of full-time equivalent employees in the year_**|**_Average number of full-time equivalent employees in the year_**|**2021**|2020| ||Charitable activities||**5.65**|5.98| ## _**10.**_ - _**3 Key Management Personnel**_ The key management personnel of the charity comprise the trustees and the other key management personnel as listed on page 1. The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the charity was £121,555 (2020: £160,950). ## _**10.**_ ## _**4 Defined Contribution Pension Scheme**_ The charity contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Contributions payable for the year are disclosed in note 10.1 above. At the year end and the previous year end there were no outstanding contributions. 13 ## Notes _(forming part of the financial statements)_ ## **11 Tangible Fixed Assets** |**11 **|**Tangible Fixed Assets**||||| |---|---|---|---|---|---| |||||**Fixtures,**|| ||||**Freehold**|**Fittings &**|| ||||**Property**|**Equipment**|**Total**| ||||**£**|**£**|**£**| ||**Cost**||||| ||At 1 January 2021||301,920|74,354|**376,274**| ||Additions||-|5,660|**5,660**| ||Disposals||-|(2,884)|**(2,884)**| ||**At 31 December 2021**||**301,920**|**77,130**|**379,050**| ||**Depreciation**||||| ||At 1 January 2021||36,468|62,077|**98,545**| ||Charge for year||6,102|6,243|**12,345**| ||On disposals||-|(2,884)|**(2,884)**| ||**At 31 December 2021**||**42,570**|**65,436**|**108,006**| ||**Net book values**||||| ||**At 31 December 2021**||**259,350**|**11,694**|**271,044**| ||At 31 December 2020||265,452|12,277|277,729| |**12 **|**Debtors**|||**2021**|2020| |||||**£**|£| ||Trade debtors|||**90**|120| ||Tax recoverable on gift aid|||**8,129**|17,148| ||Prepayments|||**986**|821| |||||**9,205**|18,089| ||||**Amounts falling due**||**Amounts falling due**| |**13 **|**Creditors**||**within one year**|**after more than one year**|**after more than one year**| |||**2021**|2020|**2021**|2020| |||**£**|£|**£**|£| ||Bank loans|**-**|-|**-**|65,941| ||Other loans|**3,000**|8,113|**35,500**|-| ||Taxation and social security|**3,356**|4,215|**-**|-| ||Accruals and deferred income|**1,550**|2,518|**-**|-| |||**7,906**|14,846|**35,500**|65,941| The bank loan previously secured by a fixed charge over the charity’s freehold property was fully repaid in May 2021. There is an internal loan for St Austell between a restricted fund and unrestricted fund. 14 ## Notes _(forming part of the financial statements)_ ## **14 Analysis of net assets between funds** |**14 **|**Analysis of net assets between funds**|**Analysis of net assets between funds**||||| |---|---|---|---|---|---|---| ||||Unrestricted||Restricted|| |||||Funds|Funds|**Total**| |||||£|£|**£**| ||**Fund balances at 31 December 2021 as represented by:**|**Fund balances at 31 December 2021 as represented by:**||||| ||Tangible fixed assets|||147,586|123,458|**271,044**| ||Current assets|||189,690|101,731|**291,421**| ||Current liabilities|||(7,286)|(620)|**(7,906)**| ||Non-current liabilities|||(29,500)|(6,000)|**(35,500)**| |||||300,490|218,569|**519,059**| |**15 **|**Unrestricted funds**|||||| |||At 1 January||||**At 31 December**| |||2021|Income|Expenditure|Transfers|**2021**| |||£|£|£|£|**£**| ||St Austell general fund|95,682|105,199|(81,885)|6,480|**125,476**| ||Liskeard general fund|5,354|7,833|(8,904)|(1,444)|**2,840**| ||Bodmin general fund|16,631|30,745|(31,589)|(2,399)|**13,387**| ||Bristol general fund|167,000|58,459|(81,910)|(4,901)|**138,648**| ||Designated funds:|||||| ||Little Fish fund|412|-|(39)|-|**374**| ||Future vision fund|10,932|-|-|3,780|**14,712**| ||St Austell mission fund|(21)|-|(7,621)|7,540|**(102)**| ||Liskeard mission fund|836|-|(1,530)|704|**10**| ||Bodmin mission fund|1,820|-|(2,951)|2,139|**1,008**| ||Bristol mission fund|3,303|-|(4,040)|4,471|**3,734**| ||St Austell benevolent fund|138|-|(240)|200|**98**| ||St Austell sabbatical fund|11|-|-|-|**11**| ||St Austell loan fund|7,000|-|-|(7,000)|**-**| ||Bodmin benevolent fund|40|-|(5)|260|**295**| ||Bristol benevolent fund|30|-|(460)|430|**-**| ||Bristol personal support|11,977|(1,715)|-|(10,262)|**-**| ||Liskeard benevolent fund *|-|-|(740)|740|**-**| |||321,145|200,521|(221,914)|738|**300,490**| *denotes new fund 15 ## Notes _(forming part of the financial statements)_ |**16 **|**Restricted funds**|||||| |---|---|---|---|---|---|---| |||At 1 January||||**At 31 December**| |||2021|Income|Expenditure|Transfers|**2021**| |||£|£|£|£|**£**| ||Foodbank fund|56,331|133,415|(95,360)|(17,000)|**77,386**| ||St Austell building fund|128,987|-|(4,478)|-|**124,509**| ||Bodmin Acts 435 fund|335|3,840|(3,980)|-|**195**| ||Roche satellite fund|1,406|-|-|-|**1,406**| ||Community Crisis Fund|185|410|(235)|-|**360**| ||United Youth fund|3,000|-|-|-|**3,000**| ||St Austell youth group fund|70|-|-|-|**70**| ||St Austell air-con fund|(6,000)|-|-|6,000|**-**| ||Liskeard Albania mission|355|-|-|-|**355**| ||St Stephen satellite fund *|-|80|-|-|**80**| ||Bodmin SkillSHARE *|-|10,500|(3,729)|-|**6,771**| ||Bristol personal support *|-|15,202|(21,027)|10,262|**4,437**| |||184,669|163,447|(128,809)|(738)|**218,569**| *denotes new fund ## **Purposes of restricted funds** _Foodbank fund –_ This fund consists of income received specifically to cover the running costs of the Foodbank in St Austell. _St Austell building fund –_ This fund consists of donations specifically for the purchase of the church building in St Austell. – _Bodmin Acts 435 fund_ This fund consists of donations specifically for the Acts 435 project in Bodmin, giving money directly to those in need. _Roche satellite fund –_ This fund consists of donations specifically for the running costs of a satellite Foodbank in Roche. _Community Crisis Fund_ – This fund consists of grants from Cornwall Community Foundation to benefit people in crisis who are urgently in need of small, one off amounts of money. – _United Youth fund_ This fund consists of a grant donations towards united youth events in St Austell. – _St Austell youth group fund_ This fund consists of donations specifically for the youth group in St Austell. – _St Austell air-con fund_ This fund consists of donations specifically for the air conditioning in St Austell. _Liskeard Albania mission fund_ - This fund consists of donations specifically to provide assistance to underpriviledged people in Albania. _St Stephen satellite fund –_ This fund consists of donations specifically for the running costs of a satellite Foodbank in _St Stephen_ . _Bodmin SkillSHARE fund – This fund consists of income received specifically to provide running costs for the SkillSHARE project in Bodmin._ _Bristol Personal Support fund – This fund consists of donations specifically for the Lead Pastor in Bristol._ 16 ## Notes _(forming part of the financial statements)_ ## **17 Operating leases** Total future minimum lease payments under non-cancellable operating leases are as follows: ||**2021**|2020| |---|---|---| ||**£**|£| |Not later than one year|**738**|738| |Later than one year and not later than five years|**1,292**|2,030| ||**2,030**|2,768| Lease payments recognised as an expense in the year totalled £738 (2020: £738) ## **18 Transactions with related parties** No related party transactions took place in the period of account, other than certain trustees’ remuneration and expenses already disclosed in note 9. |**19 **|**Gifts in kind which have not yet been distributed**|**2021**|2020| |---|---|---|---| |||**£**|£| ||Donated food|**5,250**|18,644| 17