## **HEATON BAPTIST CHURCH**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2023**
**Charity registered number 1132252**
**HEATON BAPTIST CHURCH**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2023**
||Page|
|---|---|
|Report of the Trustees|2 - 5|
|Report of the Independent Examiner|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 - 15|
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**HEATON BAPTIST CHURCH**
**REPORT OF THE TRUSTEES**
## **YEAR ENDED 31[ST] MARCH 2023**
The Trustees present their report together with the unaudited financial statements for the year ended 31[st] March 2023
## **Reference and administrative information**
Charity name: Heaton Baptist Church Charity registration number: 1132252 Registered office and operational address: Heaton Road Newcastle upon Tyne NE6 5HN
## **Trustees**
Rev DP Tubby *Elder (Senior Minister) Mrs A Innes Elder – term ended September 2023 Miss H O’Neill Elder – term ended May 2023 Mrs SM Foster *Elder Mr P Smith Elder – resigned March 2023 Mrs RJ Rai *Elder – appointed May 2023 Mrs P Daniel *Elder – appointed May 2023 Mr TK Howell *Elder – appointed May 2023 Mrs K Dews *Deacon Mr P Tang Deacon – term ended May 2023 Mr R Wallace Deacon – term ended May 2023 Mr GG Sexton *Deacon Mr JP Bird *Deacon Mr TS Onions *Deacon Mr TJ Fletcher *Deacon – appointed May 2023 Mr JP Kenyon *Deacon – appointed May 2023, resigned December 2023 * = Current trustee
## **Independent Examiner**
Joanne Regan FCA, Azets, 32 Brenkley Way, Blezard Business Park, Seaton Burn, Newcastle upon Tyne NE13 6DS
,
## **Bankers**
Lloyds TSB plc, Grey Street, Newcastle upon Tyne.
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## **HEATON BAPTIST CHURCH**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31[ST] MARCH 2023**
## **Structure, Governance and Management**
## Governing document
The organisation is a charity, governed under a constitution adopted on 1[st] August 2009. The charity registered on 22[nd] October 2009, having previously been an excepted charity.
## Recruitment and appointment of the Trustees
Names are brought to the Church members. A quorum of 20% of church members is required to take part in the vote. Confirmation is by secret ballot with at least two thirds of the members voting in favour of the appointment.
Elders and deacons serve for a period of three years, after which they can apply for re-election if they wish.
## Trustee Induction and Training
Before appointment potential trustees are supplied with up to date financial information and other documents such as the most recent accounts and a copy of the constitution.
## Risk management
The trustees have examined the major risks which could affect the charity as a whole and have developed and implemented procedures to minimise these risks as far as possible. Risks identified by the trustees include child protection issues, health and safety aspects associated with the church premises and activities, fire safety, GDPR, cyber security, insurance, and other legislative compliance. Risk management is a proactive activity developing with the growth of the charity.
Following the completion of the new Building Project in 2010, a revised governance structure was adopted with the appointment of the ‘The Buildings Management Group’ (BMG), now called the Buildings Advisory Group (BAG). The BAG ensures appropriate inspection and maintenance arrangements are in place for key assets and equipment. Risk assessments are carried on key activities and appropriate safeguards introduced where necessary. A 'health and safety' culture is in place and encouraged amongst all internal and external users of the premises.
## Organisational Structure
The trustees are responsible for administering the church and for its strategic direction. The day to day running of the church building is delegated to the Office Manager.
## Related parties
The church does not have any related parties other than the trustees and their immediate families.
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**HEATON BAPTIST CHURCH**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31[ST] MARCH 2023**
## **Objectives, activities, achievements and performance**
## Objectives of the Charity
Heaton Baptist Church is a vibrant family church that seeks to live out and share the Christian faith across its sphere of influence and beyond its walls. Its current focus is to develop its goal of "Growing as healthy disciples of Jesus".
The mission statement of Heaton Baptist Church is: ‘Loving God and Living for Others; Bringing God to people, leading all to maturity in Christ’. We have five, established core values which determine how we seek to live out our faith, namely being: Christ-centred, discipling, generous, missional and welcoming.
The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.
## Activities and achievements during the year
Heaton Baptist Church is a welcoming and inclusive church that hosts a range of activities that are part of our mission as well as providing a home for a variety of user groups. Our premises are used extensively.
Over the last year, we have seen a decrease in income and a significant increase in utility costs. These have resulted in us having to make changes to our staffing team in order to maintain financial sustainability. Following a redundancy process under the guidance of the Baptist Union, the trustees recommended to the church that two part-time staff members (caretaker/cleaner and office staff) were made redundant, and that we were not in a position to offer a permanent ministerial role to our Minister-in-Training, who was concluding her training with us.
In October 2022, the membership voted to approve these changes alongside other recommendations from the trustees to trim our expenditure accordingly.
As of March 2023, we have 2 ministerial staff (1 full-time, 1 part-time, whose term is due to conclude at the end of her training in July 2023), one part-time youth ministry leader and a part-time Office Manager.
We have begun to seek grant funding from a number of sources for some of our community work, and have been successful in raising funds to put in place solar panels, to mitigate against the rising utility costs. This has been able to happen because of the generosity of our membership, alongside the success of some significant grant applications. The solar panels were installed in January 2023.
The church has also been increasingly involved in a number of practical community responses to the cost-of-living crisis, and the building is used daily by a vast number of community groups providing support to those in need in the East of Newcastle. This includes a foodbank, cookery course, benefits support, drop-in café, coffee morning, mental health support for teenagers, preschool toddler group and other resources besides. Other groups also regularly use the premises.
## Financial review
The Statement of Financial Activities on page 6 of these financial statements details all incoming and outgoing resources during the year. The Trustees consider the charity’s affairs to be satisfactory. At 31[st] March 2023 a balance of £92,497 remains in the General Fund for Church use.
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## Reserves Policy
The Trustees have retained the reserves policy agreed during previous Financial Years. Free reserves are those unrestricted reserves not committed or invested in tangible fixed assets. The goal over the next few years will be to reach a minimum reserve equivalent to three months of expenditure cover, which is around £65,000. The balance at the end of the year was consistent with this goal.
## Investment Policy
The Trustees have agreed an investment policy which is to gain maximum interest with minimum risk on money held on reserve, the balance of the accounts currently being such that no money is held in high risk investments.
Approved by the Board of Trustees on 31[st] January 2024 and authorised to sign on its behalf:
-----------------------------------------DP Tubby, Trustee
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## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF**
## **HEATON BAPTIST CHURCH**
I report on the accounts of the charity for the year ended 31[st] March 2023 which are set out on pages 7 to 15.
## **Responsibilities and basis of report**
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. The accounts do not accord with those records; or
3. The accounts do 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; or
4. The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102).
I 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.
Joanne Regan FCA Azets 31[st] January 2024
32 Brenkley Way Blezard Business Park Seaton Burn Newcastle upon Tyne NE13 6DS
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## **HEATON BAPTIST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31[ST] MARCH 2023**
||**Note**|**Unrestricted**|
**Designated**|**Restricted**|**Total**|
**Total**|
|---|---|---|---|---|---|---|
|**INCOME**||**Funds**|
**Funds**|**Funds**|**2023**|
**2022**|
|||**£**|
**£**|**£**|**£**|
**£**|
|Weekly offering||34469|
27|180|34676|
15535|
|Gift aid||151671|
-|-|151671|
159138|
|Income Tax Recovered||43261|
-|-|43261|
56225|
|Bank Interest|12|-|
-|76|76|
4|
|Designated|2|60345|-|-|60345|
3577|
|Rents/lettings|3|4095|-|-|4095|
3753|
|Other income|4|2804|-|2161|4965|
10295|
|||_______|_____________ _____________||___________|__________|
|**Total Income**||296645
________|
27
|2417|299089|
248527|
|**EXPENDITURE**|||||||
|Staff Costs|5|136695|-|-|136695|
158658|
|Mission|6|26977|
-|-|26977|
24528|
|Upkeep of Church Buildings|7|33023|-|-|33023|
52261|
|Giving to other organisations|8|2915|-|-|2915|
6852|
|Other|9|1849|-|-|1849|
1669|
|Administrative Support Cost|10|19846|-|-|19846|
10029|
|Partnership Fund|11|16630|
-|-|16630|
21052|
|Toddlers Group||-|
-|1425|1425|
1136|
|||______|_____________ _____________||___________|__________|
|**Total expenditure**||237934
_______|
-
|1425|239359|
276186|
|Net income/(expenditure)|||||||
|before transfers||58710|
27|992|59729|(27658)|
|Transfers||5630|
(5630)|-|-|
-|
|Fixed asset revaluation||-|
-|-|-|
-|
|||______|_____________ _____________||___________|__________|
|Net movement in funds||64340|
(5603)|992|59729|
(27658)|
|||_______|_____________ _____________||___________|__________|
|**Reconciliation of Funds**|||||||
|Funds brought forward||1780119|
7768|1348109|3135996|
3163654|
|||_______|_____________ _____________||___________|__________|
|**Funds carried forward**||1844459
_______|
2165
|1349101|3195725|
3135996|
The notes on pages 9 to 15 form part of these financial statements.
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## **HEATON BAPTIST CHURCH**
## **BALANCE SHEET**
## **YEAR ENDED 31[ST] MARCH 2023**
|**Notes**
**£**
**Fixed Assets**
Tangible assets
13
**Current assets**
Cash at bank & in hand
14
104199
Prepayments & Accrued Income
51407
______
**Total current assets**
155606
**Creditors: amounts falling**
**due within one year**
15
(6425)
______
**Net current assets**
**Creditors: amounts falling**
**due after more than one year**
**Net assets**
**Funds**
General Fund
17
Revaluation Reserve
17
Designated funds
17
Restricted funds
17
**Total funds**
17|**2023**
**£**
**£**
3046544
81156
39298
______
120454
(1050)
______
149181
-
________
3195725
________
122449
1722010
2165
1349101
________
3195725
________|**2022**
**£**
3016592
119404
-
________
3135996
________
58109
1722010
7768
1348109
________
3135996
________|
|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board of Trustees on 31[st] January 2024 and signed on its behalf by:
------------------------------DP Tubby Trustee
The notes on pages 9 to 15 form part of these financial statements.
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**HEATON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] MARCH 2023**
## 1. **Accounting Policies**
## **Charity information**
Heaton Baptist Church is a registered charity in England and Wales. The registered office is Heaton Road, Newcastle upon Tyne, NE6 5HN.
## **Accounting convention**
These accounts have been prepared in accordance with FRS102 “The Financial Reporting Standard applicable in the UK and Ireland’ (“FRS102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for Charities applying FRS102 and UK Generally Accepted Accounting Practice as it applies from 1[st] January 2015. The charity is a Public Benefit Entity as defined by FRS102.
The accounts are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
- a) All income becoming available to the charity during the year is recognised in the Statement of Financial Activities when they are receivable.
- b) Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
- c) Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered. All expenditure is allocated to the particular activity to which that cost relates.
- d) Fixed assets are initially capitalised at cost. Land and buildings, which are all for charity use, are included in the accounts at deemed cost. Freehold land is not depreciated. The deemed cost of the freehold buildings less the estimated residual value is considered to be immaterial. This is kept under constant review by the trustees. Depreciation is recognised so at to write off the cost of the solar panels less their residual value over their useful lives on the following bases:
Freehold land and buildings Not depreciated Solar panels 25 years
- f) Pension costs – The charity makes contributions to a defined contributions scheme. The pension costs charged represents contributions payable to the scheme.
- g) Unrestricted funds are incoming resources receivable or generated by the charity for its objects without further specified purpose and are available as general funds.
- h) Designated funds are unrestricted funds which have been allocated by the trustees for a particular purpose.
- i) Restricted funds are to be used for specific purposes laid down by the donor. Expenditure meeting these criteria is charged to the fund along with a fair allocation of management costs. The Building Project consists of gifts made to the Church by members and others, as agreed at Church meetings and grants from other organisations which can be used only for the Building Project.
- j) The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
- k) The entity transitioned to FRS102 on 1[st] April 2015, there were no transitional adjustments required.
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## **HEATON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] MARCH 2023**
|**2. Designated Offerings and Givings**
Church Ministries & Internal Events
External Events/Mission & Special Offerings
Youth & Children’s Work
Various Grants
Solar Panels Giving
Solar Panels Grant
_
**Total General Fund**
_
**3. Rents/lettings**
Hire of Church Buildings
_|**2023**
**£**
614
3117
830
30837
14947
10000
_____
60345
_____
**2023**
**£**
4095
_____
_4095|**2022**
**£**
1592
1955
30
-
-
-
______
3577
______
**2022**
**£**
3753
______
__3753|
|---|---|---|
## **4. Other Income**
During a financial year, the Church will receive a number of gifts which are donations towards the costs for services that our members have used or to which they would like to donate.
|Miscellaneous gifts/offerings
Maternity pay/NI refunds
**Total General Fund**
**Restricted Fund**
HBC Toddlers Group|**2023**
**£**
1854
950
______
2804
2161
______
4965
______|**2022**
**£**
5280
4000
______
9280
1015
______
10295
______|
|---|---|---|
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## **HEATON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] MARCH 2023**
|**2023**
**5. Staff Costs**
**£**
Gross salaries
109911
Social security costs
4286
Pension costs
10591
Other costs
11907
______
136695
______
No employee received emoluments of more than £60000 in either this year or last year.
**2023**
The average number of employees was:
5
____|**2022**
**£**
119603
9120
14093
15842
______
158658
|**2022**
**£**
119603
9120
14093
15842
______
158658
|
|---|---|---|
||__|____
**2022**
7
____|
Included above are the following amounts in respect of trustees of the charity. The constitution permits the employment and remuneration of trustees for performance of other duties for the charity as described in brackets below.
|D Tubby (Senior Minister)
A Innes (Assistant Minister)
A Girling (Youth Director)
H Rogers (Children’s Worker)
E Watts (Office Manager)
L Fletcher (Comms/Admin Assistant)
**Total**|**Salary**
**Housing**
**Pension Expenses**
**Allowance**
**£**
**£**
**£**
**£**
35438
-
4030
914
24124
-
2323
9119
13665
-
650
810
16010
-
780
352
16766
-
815
-
8193
-
394
-
______
______
______
______
114196
-
8992
11195
|**Total**
**2023**
**£**
40382
35566
15125
17142
17581
8587
______
134383
|**Total**
**2022**
**£**
41111
39800
22401
18044
17952
11134
______
150442
|
|---|---|---|---|
Dave Tubby was appointed as Senior Minister and began in August 2018. He is living in the Church Manse, wholly owned by the church, which was rented out during the period where no senior minister was in post. No sums were reimbursed to Trustees for their work as Trustees.
The Church pays pension contributions for its Senior Minister to the Baptist Ministers Pension Fund which was a final salary defined benefit scheme. It is not contracted out of the State second pension. As the scheme is a multi-employer scheme, it is not possible to identify the assets and liabilities which are attributable to the church. As it is in deficit, payments continue even with no senior minister in post. In accordance with UK GAAP the scheme is accounted for as a defined contribution scheme. This became on 1 January 2013 a Defined Contribution Scheme for future service into which the Church and Minister pay. The other members of staff also contribute to this pension scheme, with the matched church payments as per the scheme rules.
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## **HEATON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] MARCH 2023**
|
**6. Mission**
Baptist Missionary Society(BMS)
Home mission Fund(HMF)
Junior Church/Creche/Youth Activities (Incl Romania)
Evangelism (Incl International Work)
Visiting Speakers
Worship/PA Equipment
Prayer
Short term bursaries
Grow Baby
Food Ministries
Internal events/General
**7. Upkeep of Church Buildings**
Manse (29 Ivymount Road)
Church Buildings
Gas Electricity and Water
Insurances
Maintenance and Repairs
Replacements/Refurbishment
Health and safety
Relief Caretaking/Cleaning and Materials
**8. Giving to Other Organisations**
External Ministry Organisations
Heaton Churches Together/Festival|**2023**
**£**
7900
8000
3376
1574
200
1070
408
83
151
3139
1076
______
26977
______
**2023**
**£**
4645
11064
4687
5382
138
-
7107
______
33023
______
**2023**
**£**
2415
500
______
2915
|**2022**
**£**
7900
8000
2540
422
550
2334
471
-
-
-
2311
______
24528
______
**2022**
**£**
10821
8781
5502
13264
2036
424
11433
______
52261
______
**2022**
**£**
6712
140
______
6852
|
|---|---|---|
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## **HEATON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] MARCH 2023**
## **9. Other**
|Hardship Fund
Leaving Gifts
Catering
Students
**10. Administrative Support Costs**
Printing, computing, office supplies and postage
Telephones
Affiliation fees/ Leadership development
Bank Charges
Independent Examiners Fee
Depreciation
**11. Partnership Fund**
Payments to Church Members working in missions abroad
Bank charges and sundry expenses|_
|**2023**
**£**
50
1018
713
68
_____
1849
_____
**2023**
**£**
11535
1636
2857
1400
1170
1248
_____
19846
_____
**2023**
**£**
16630
-
_____
16630
_____|**2022**
**£**
121
816
732
-
______
1669
______
**2022**
**£**
2484
1652
3907
906
1080
-
______
10029
______
**2022**
**£**
21025
27
______
21052
______|
|---|---|---|---|
||_
_
|||
||_
_|||
## **12. Pearson Legacy**
During 2020 the church received a legacy from Dorothy and Mary Pearson. The use of it was not defined by the giver but it was agreed that any use would be decide case by case by the members and not treated as part of the General Fund. Therefore it has been treated as a Restricted Fund and held in the separate Deposit Account. Expenditure against this will be highlighted separately in future years.
|Bank Interest
Transfers
|**2023**
**£**
76
______-
76
_______|**2022**
**£**
4
__(3000)
(2996)
_______|
|---|---|---|
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## **HEATON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] MARCH 2023**
## **13. Tangible Fixed Assets**
The tangible fixed assets relate to Freehold Land and Buildings at deemed cost (Church Buildings: Heaton Road/Mundella terrace £2714543 and Manse: 29 Ivymount Road £302049) and Solar Panels which are depreciated over their useful economic life.
|**Freehold Land and**
**Buildings**
**Solar Panels**
**Cost**
**£**
**£**
As 1 April 2022
3016592
-
Additions
-
31200
________
________
_
At 31 March 2023
3016592
31200
________
________
_
**Depreciation**
As 1 April 2022
**-**
**-**
Charge for the year
**-**
1248
________
________
_
At 31 March 2023
-
1248
________
________
_
**Carrying amount**
At 31 March 2023
3016592
29952
_______
_______
At 31 March 2022
3016592
-
_______
_______
**14. Cash at Bank**
**2023**
**£**
Treasurer’s (Current) Account
53299
Deposit Account
40375
Partnership Fund Account
-
Building Fund Account
8596
HBC Toddlers Account
1929
______
104199
______
**2023**
**15. Creditors: amounts falling due within one year**
**£**
Accruals
1100
Other creditors
5325
______
6425
______|**Total**
**£**
3016592
31200
_______
3047792
_______
**-**
1248
_______
1248
_______
3046544
_______
3016592
_______
**2022**
**£**
25646
40298
5603
8416
1193
______
81156
______
**2022**
**£**
1050
-
______
1050
______|
|---|---|
||__|
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## **HEATON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] MARCH 2023**
|||**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||||**Funds**|**Funds**||**Funds**|
|**16. Analysis of net assets between funds**|||**£**||**£**|**£**|
|Tangible fixed assets|||1722010|1324534||3046544|
|Net current assets|||124614|24566||149181|
|Creditors: amounts falling due after more than one||year|-||-|-|
||||______|______||______|
||||1846624|1349100||3195725|
||||______|______||______|
|**17. Movement in funds**|**1st**|**Incoming**|**Resources**|||**31st**|
||**April**|**Resources**|**Expended**|**Transfers Revaluation March**|||
||**2022**|||||**2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||||
|General funds|58109|296644|(237934)|
5630|-|122449|
|Property revaluation reserve|1722010|-|-|-|-|1722010|
|**Designated funds**|||||||
|Partnership Fund|7768|27|-|(5630)|
-|2165|
||______|______|______|______|______|______|
|**Total unrestricted funds**|1787887|296671|(237934)|
-|-|1846624|
||______|______|______|______|______|______|
|**Restricted Funds**|||||||
|Building Fund|1306699|180|-|-|-|1306879|
|HBC Toddlers|1192|2161|(1425)|
-|-|1928|
|Pearson Legacy|40218|76|-|-|-|40294|
||______|______|______|______|______|______|
|**Total restricted funds**|1348109|2417|(1425)|
-|-|1349101|
||______|______|______|______|______|______|
|**Total funds**|3135996|299088|(239359)|
-|-|3195725|
||_______|______|______|______|______|______|
## **Designated Fund**
The designated fund is called the Partnership Fund and is used for supporting members of the Church in full time training or ministry. It has a separate bank account and is administered by 3 trustees who are members of the church and are voted into that role.
## **Restricted Funds**
The Building Project was completed in 2009. The loan payments and gifts received to pay for this project have been handled separately. The loans are now paid off in full but one member still pays into the fund. The income received by the Toddler group is also restricted and is managed by a dedicated group on behalf of the Church. During 2020 the Pearson Legacy was received by the Church and is treated as a restricted fund – see note 12 above.
## **Transfers**
During the year £5630 was transferred from the Partnership Fund to the General Fund.
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15
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