2020-12-31-accounts

CONTENTS		Page Number
Trustees Report		2-11
Independent Examiners	Report	12
Statement ofFinancial	Activities	13
Balance Sheet		14
Notes to the accounts		15-25

					Unrestricted	Designated	Restricted	Total	Total
					Funds	Funds	Funds	2020	2019
				Note
Income and endowments			from
Donations and	legacies			2	69,431	900	3,335	73,666	88,257
Incoming resources from operating
activities				3	4,275		390	4,665	8,973
Investments				4	16,628		417	17,045	10,517
Other				10					306
Total					90,334	900	4,142	95,376	108,053
Expenditure	on
Grants						11,792	3,210	15,002	15,849
Activities directly		relating	to the work
ofthe church				6	55,247		2,444	57,691	57,927
Other				7	2,520			2,520	2,700
Total				8	57,767	11,792	5,654	75,213	76,476
Net income (expenditure)					32,567	(10,892)	(1,512)	20,163	31,577
Transfers between		funds		9	(10,892)	10,892
Net movement	in	funds			21,675		(1,512)	20,163	31,577
Reconciliation	of	funds
Total funds brought		forward			81,636	I	1,156,804	1,238,441	1,206,864
Total funds carried		forward			103,311	I	1,155,292	1,258,604	1,238,441

Donations and legacies
	Unrestricted	Designated f	Restricted	2020	2019 f
Offerings	57,477	720	2,977	61,174	73,932
Tax refunds	11,954	180	358	12,492	14,325
	69,431	900	3,335	73,666	88,257

	Unrestricted f	Designated	Restricted	2020	2019
Use ofpremises	4,275			4,275	6,945
Special events and fundraising			390	390	2,028
	4,275		390	4,665	8,973

		Unrestricted	Designated	f	Restricted	2020f	2019
Bank	interest	78			417	495	1,067
Rent	received	16,550				16,550	9,450
		16,628			417	17,045	10,517

5	Grants
			Unrestricted	Designated	Restricted	2020	2019
				8	8	8
	Overseas missionary work			7,100	555	7,655	8,369
	Overseas social welfare and relief						286
	UK Churches	and colleges
	UK missions	and evangelical
	workers			2,892		2,892	2,992
	UK social welfare and relief			1,800	2,103	3,903	2,684
	Communion	Fund gifts			552	552	1,518
				11,792	3,210	15,002	15,849

SIM International (N Brand)	5,400
Home Mission	2,892
Signposts Mid Sussex	2,103
The Haven	1,800
BMS World Mission	1,200

Activities	directly relating	to the work ofthe church
		Unrestricted Designated	Restricted	2020	2019
		8
Administration		14,917		14,917	14,377
Children's	work	168		168	277
Evangelism					325
Fabric		24,524		24,524	23,281
Finance		10,006	2,444	12,450	9,675
Media and	communications	1,841		1,841	1,385
Pastoral care		3,681		3,681	8,484
Social action
Youth Work
Worship		110		110	123
		55,247	2,444	57,691	57,927

Other
				Unrestricted f	Designated	f	Restricted	2020	2019f
Fee ofthe	independent		examiner	1,440				1,440	1,596
Accountancy		fees		1,080				1,080	1,104
				2,520				2,520	2,700
Total resources expended
				Staffcosts f	Depreciation	f	Other costs	2020	2019 f.
Administration				5,741			9,176	14,917	14,377
Children's	work						168	168	277
Evangelism									325
Fabric					107		24,417	24,524	23,281
Finance				6,800			5,650	12,450	9,675
Media and	communications				321		1,520	1,841	1,385
Pastoral care				3,681				3,681	8,484
Worship							110	110	123
Grants payable							15,002	15,002	15,849
Governance		costs					2,520	2,520	2,700
				16,222	428		58,563	75,213	76,476

Salaries
Social security costs
Pension costs
Other costs
Employers	allowance
The average	number ofemployees	during	the year was

The key financial assu	The key financial assu	mptions underlying the valuation were as	follows:
Type ofassumption			'/o pa
RPI price inflation	assumption		3.20
CPI price inflation	assumption		2.70
Minimum Pensionable		Income increases	3.20
(CPI plus 1.0'/o pa)
Assumed investment		returns
- Pre-retirement			2.95
- Post retirement			1.70
Deferred pension	increases
- Pre April 2009			3.20
- Post April 2009			2.50
Pension increases			2.70

Tangible fixed assets	Freehold	property
	Church		Furniture &
	premises	Manse	equipment	Total
Cost or valuation
At I January 2020 Jk
At 31 December 2020	378,035	295,000	186,404	859,439
Depreciation
At I January 2020			184,923	184,923
Charge for the year			428	428
At 31 December 2020			185,351	185,351
Net book values
At 31 December 2020	378,035	295,000	1,053	674,088
At 31 December 2019	378,035	295,000	1,481	674,516

Debtors		2020	2019
		f.
Income tax	recoverable	2,111	2,297
Debtors for	goods and services		20
Prepayments	and accrued interest	3,957	1,369
		6,068	3,686

14	Sank and cash balances	Sank and cash balances	Sank and cash balances				2020	2019
	National Westminster		Bank - Business Reserve Account				473,248	472,831
	HSBC Bank						112,023	92,488
							585,271	565,319
15	Creditors: Amounts		falling due within	one year			2020	2019
	Creditors for goods and services						4,303	1,496
	Accruals						2,520	2,700
	Other creditors							884
							6,823	5,080
16	Restricted Funds			1 January	Incoming	Resources		31December
				2020	resources	expended	Transfers	2020
				g
	Property Fund			295,000				295,000
	Communion Fund			6,030	167	(552)		5,645
	New Building	Fund		855,774	1,317	(2,444)		854,647
	Offerings				2,090	(2,090)
	Special evenh	and fundraising			390	(390)
	Tax refunds				178	(178)
				1,156,804	4,142	(5,654)		1,155,292
17	Designated Funds			I January	Incoming	Resources		31December
				2020	resources	expended	Transfers	2020
				g			g
	Kingdom Fund			1	900	(11,792)	10,892	1

Analysis ofnet assets	Analysis ofnet assets	Fixed	Current	Current	Total	Total
		assets	assets	liabilities	2020	2019
Restricted	Funds	673,035	482,257		1,155,292	1,156,804
Designated	Funds		I		1	I
Unrestricted	Funds	1,053	109,081	(6,823)	103,311	81,636
		674,088	591,339	(6,823)	1,258,604	1,238,441

20	Organisation	Accounts
			I January			Net surplus	Transfers(to)	31 December
			2020	Income	Expenses	(deficit)	from GBC	2020
	Fish ttt Bricks	(note 2)	66,642	100,872	(87,075)	13,797		80,439
	Son Beams		1,159	203	(428)	(225)		934
			67,801	101,075	(87,503)	13,572		81,373