2020-12-31-accounts

GONTENTS:	Pages
MINISTER'SREPORTtoTrustees
Trusteesresponsibilities	1-2
Legal andadministrativeinformation	3
REPORTofActivites-TransformShoreditch
Statementof Charity'slncomeandExpenditure	4
Statementoffinancialactivities	5
Balance sheet	6
Notesformingpart of thefinancialstatements	7-10
lndependent examiner'sreport	11

	2024f	2019 t,
INCOME
Collections	12,394	24,364
Grants anddonations	176,935	34,762
Activitiesforgeneratingfunds	76,573	16,815
lnvestmentincome	43	172
Hireofpremises	179,876	146,278
Total lncomingResources	M5,821	222,391
EXPENDITURE
Project & adminstaffcosts	241,797	137,635
Generalrunning costs and fundraising	204,469	99,032
Otherrelated expenses	1,792	950
Total Resources Expended	408,058	237,617
NETINCOMING'.OUTGOINGRESOURCES	37,763	-15,226

Generalfunds	UnrestrictedRestricted Funds Funds	UnrestrictedRestricted Funds Funds	UnrestrictedRestricted Funds Funds	Total 2020	Year 2019
	Nofes	t	€	f	€
Alllncoming resources
Generalfunds:
Collections		12,394	0	12,394	24,364
Grants and donations		176,935	0	176,935	34,762
Activities for generatingfunds		76,573	0	76,573	16,815
lnvestmentincome		43	0	43	172
Charitable activities;
Hireofpremises		179,876		179,876	146,278
Total lncomingResources		445,821		M5,82',1	222,391
AllResources expended
Charitable activities		407,108	0	407,108	236,667
Governance costs		950	0	950	954
Total ResourcesExpended		408,058		408,058	237,617
Netincoming/-outgoing resources for theyear		37,763		37,763	-15,226
Totalfundsbrought forward	10	17,703	7,840	25,543	40,769
UtilisedasDesignated Funds	11,12	7,840	-7,840	0	0
TotalGeneralFunds		63,306		63,306	25,543

	Noles	2020 €E		2019f
FixedAssets
Tangibleassets		3,322,735		3324,970
lnvestments		838,063		839,074
		4,160,798		4,160,044
Current Assets
Debtors	I	{0,870	9,637
Bank and cash in hand		192,057	64,580
		202,937	74,217
Greditors:due within oneyear	g	-124,898	-33,187
NetLiquidFunds		78,039		41,030
Total Assets		4,239,937		4,2U,474
Funds
Unrestricted funds	10	63,306		17,703
Restricted funds	11	0		7,840
Generalfunds		63,306		25,543
Designated and utilised funds	12	4,175,531		4,175,531
Total Funds		4,239,837		4,201,074

	Staff	AdminlFR.		Total	Total
	cost L	expensest	Othert	2020 f	2019t
Charitable expenditure
Church	38,265	27,611	0	65,876	71,380
Tab Centre	31,420	36,411	0	67,831	61,149
Project expenses	78,297	194,262	842	273,401	104,138
Governance costs	0	0	950	950	950
	'147,982	258,284	1,792	408,058	237,617
2019	137,635	99,032	950	237,617

Staff numbersandcosts
Sfaffcosts.'	(seenote13)	2020t	2019t
Wagesand salaries		141,273	131,848
Socialsecurity costs		3,064	2,242
Pension costs		3,645	3,545
(seenote14)		147,992	137,635

The average number offull-timeequivalent empl during the yearwasas follows:	oyees(includingcasualandparttime staff)
	2020 €	2019f
Church	2.0	2.5
TabCentre	1.0	1.0
Projects	2.0	1.5
	5.0	5.0

Tangible fixed assets
Cosfor valuation	Equipment	Land and Buildings	2A20t	2019f
At1st January	11,032	3,367,092	3,379,124	3,367,092
Additions	1,765	0	1,765	11,032
At 31stDecember	12,797	3,367,092	3,379,889	3,378,124
Depreciation
At1st January	0	57,154	57,154	57,154
Provision for theyear-see note1(d)	0	0	0	0
At 31stDecember		57,154	57,154	57,154
Net boak value At 31stDecember -seenote below	12,7973,309,938		3,322,735	3,320,970
Thenetbookvalue is made up as follows:
Land		2020t		2019t
Buildings		1,230,004		1,230,004
		2,079,938		2,079,938
		@		3,309,938
The Church is the owner of thelandandbuildingswhich are duly registered			with the
LondonBaptist Property Board astheirTrust	Corporation.
Netlncoming Resources
Thisis stated aftercharging:			2020 f,	2019 f
Depreciation (seenote1(d))			0	0
lndependent examiner'sfees- external			950	950

estments
	2020	2019
AIIUK:	E	L
Unlisted lnvestments	15,000	15,000
Property sale proceeds (restricted)	823,063 @	824,074 @

8	Debtors				2020f		2019f
	Prepayments				0		0
	Other Debtors				10,870		9,637
					10,870	9,6s7
	Greditors:amountsfallingdue	withinoneyear			2020 €		2019f
	Other creditors			117,573			24,712
	Accrualsand deferred income				7,325		8,475
				@		-351F7
10	Unrestricted funds	Balance at1st	lncomingResources resourcesexpended	Utilisedas Designated			Balance at31st
		January				December
		2020					2420
		f.					2
	lnvestment reserve General fund	000 17.703445,821408,058 00 7,840 m 44s,u170-5356-;rrr					63,306 ffiJoG

		m	44s,u1	70-5356-;rrr	70-5356-;rrr	ffiJoG
	Expenditure on investments &	building assets	are deemed	tobe designatedfunds(see		note12).
11	Restricted funds	Balance	lncoming	Resources	Utilised as	Balance
		at1st	resources	expended	Designated	at31st
		January				December
		2020t	L	€	t	2420f
	Specificdonations	7,840	0	0	-7,840	0
		7,840	0		-7,840
12	Designatedfunds	Balance at1st	lncoming resources	ResourcesGeneral fund expendedTransfers		Balance at31st
		January				December
		2020 f	L	f	t	2020t
	Land and Buildings (note5) Propertyproceeds	3,320,970 854,561	0 0	0 0	0 0	3,32O,970 854,561
		4,175,531		0	0	4,175,531