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|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|





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||2024f|2019<br>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|






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|Generalfunds|UnrestrictedRestricted<br>Funds<br>Funds|UnrestrictedRestricted<br>Funds<br>Funds|UnrestrictedRestricted<br>Funds<br>Funds|Total<br>2020|Year<br>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|





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||Noles|2020<br>€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|





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||Staff|AdminlFR.||Total|Total|
|---|---|---|---|---|---|
||cost<br>L|expensest|Othert|2020<br>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||



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|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<br>during the yearwasas follows:|oyees(includingcasualandparttime staff)||
|---|---|---|
||2020<br>€|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<br>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<br>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<br>f,|2019<br>f|
|Depreciation (seenote1(d))|||0|0|
|lndependent examiner'sfees- external|||950|950|



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





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|8|Debtors||||2020f||2019f|
|---|---|---|---|---|---|---|---|
||Prepayments||||0||0|
||Other Debtors||||10,870||9,637|
||||||10,870|_9,6s7_||
||Greditors:amountsfallingdue|withinoneyear|||2020<br>€||2019f|
||Other creditors|||117,573|||24,712|
||Accrualsand deferred income||||7,325||8,475|
|||||@||-351F7||
|10|Unrestricted funds|Balance<br>at1st|lncomingResources<br>resourcesexpended|Utilisedas<br>Designated|||Balance<br> <br>at31st|
|||January||||December||
|||2020|||||2420|
|||f.|||||2|
||lnvestment reserve<br>General fund|000<br>17.703445,821408,058<br>00<br>7,840<br>m<br>44s,u170-5356-;rrr|||||63,306<br>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<br>at1st|lncoming<br>resources|ResourcesGeneral fund<br>expendedTransfers||Balance<br>at31st|
|||January||||December|
|||2020<br>f|L|f|t|2020t|
||Land and Buildings (note5)<br>Propertyproceeds|3,320,970<br>854,561|0<br>0|0<br>0|0<br>0|3,32O,970<br>854,561|
|||4,175,531||0|0|<br>4,175,531|



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