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2020-12-31-accounts

Market Harborough Baptist Church

Report and Accounts

for the Year Ended 31 December 2020

Market Harborough Baptist Church Charity Information For the Year Ended 31 December 2020

Status

The Church is a Registered Charity and is affiliated to the Baptist Union of Great Britain

Charity Registration Number 1132945 Charity Trustees Rev C.S. Brown Ex Officio S. Crabtree Chair Y. Durrant Secretary A. Zemlak Treasurer K. Rugg Until May 2020 J. Smith M. Higginson M. Brown M. Aston From January 2021 Address for Correspondence 25 Coventry Road Market Harborough Leicestershire LE16 9BX Independent Examiner Callum D. Veasey A.C.A. Edward Thomas Peirson & Sons 21, The Point Rockingham Road Market Harborough Leicestershire LE16 7NU

CONTENTS

CONTENTS
Page
Charity Information 1
Trustees' Annual Report 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-15

1

Market Harborough Baptist Church Trustees' Annual Report For the year ended 31 December 2020

The Trustees present their report and financial statements of the charity ("the Church") for the year ended 31st December 2020. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Church’s governing document, the Charities Act 2011 and 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 published in October 2019.

Structure, governance and management

The Church is governed by its Constitution dated 16 November 2008. It is an unicorporated charity registered with the Charity Commission for England and Wales. The Church Trustees are responsible for the governance of the Church and the fulfilment of its purpose.

The Trustees are appointed at a Church Members' Meeting. They will always include the Minister, Deacons, Secretary and Treasurer together with any number of other members as agreed at the Meeting. Each Trustee, apart from the Minister, Secretary and Treasurer, shall be appointed for an initial three year term with the opportunity for reappointment for one further three year term. Any person qualified to be a Member of the church shall be eligible for appointment unless disqualified by statute. The Secretary and Treasurer are appointed annually.

Objectives and activities

The principal purpose of the Church is the advancement of Christian faith according to the principle of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the World.

The Trustees have complied with the duty in Section 4 of the Charities Act to have due regard to the public benefit guidance published by the Charity Commission.

Bearing in mind the public benefit guidance, the main activities of the Church are listed below:

2

Market Harborough Baptist Church Trustees' Annual Report for the year ending 31 December 2020

Achievements and Performance

Church membership has seen one addition during the year and pre Covid we had maintained a good regular attendance at Church services.

Church services have continued throughout the periods of lockdown and ongoing by the posting of services on YouTube. Not just for members of our own congregation, but through them we have reached a wider congregation, being viewed by others outside our Church fellowship. There have been several in person services in the church when restrictions allowed and these have been held under Covid 19 protocol. Our AGM for 2020 had to be postponed due to the Covid 19 pandemic and we managed to achieve this in January 2021 using zoom. Zoom has been used throughout this Covid year as a means of holding leadership and small group meetings.

Our Pastor has continued to lead the Church forward in its primary purposes working within the restrictions imposed on us. Pastoral care has been at the forefront of this Covid year and the Pastor and Pastoral team have achieved much in ensuring all those who require care have been well cared for. Our volunteer youth minister completed his degree course and left us to take up an appointment with the Methodist Circuit of Coventry and Nuneaton.

The Church has been able, even under the restrictions imposed, to maintain good links with the wider community we work with. Technology has enabled links to be kept with our well supported Fun and Friends group which works alongside young families. Links with Messy Church group have been maintained by the production of activity packs which have had a seasonal theme being delivered to all families and a short online Messy Church has been posted on YouTube.

In March, suffering under the constraints from ever increasing market influences in the town and the effects of lack of trade due to Covid 19, our church cafe ceased business and closed after 30 plus years of service and pastoral care to the community. There are plans being developed to ensure that our care for the community continues.

Work with Churches Together has continued again thanks to the wonders of technology. The Church, through prayer and financial giving, continues to support its ongoing causes as we support both BMS and EMBA Home Mission in their work both locally, regionally, nationally and internationally. As a Church we are thankful and grateful to all who have supported the work of MHBC spiritually and financially during this very difficult Covid year.

Financial review

Total incoming resources for the year amounted to £111,599, of which £87,008 were completely unrestricted and £23,342 were unrestricted, but designated for a particular purpose. The completely unrestricted income was at a similar level to the previous year and the designated income all related mainly to the coffee shop. Restricted fund income remained small as there are no major projects underway at the present time. Income generated from the renting out of the Church halls decreased by £6,380 to £2,338 due to the pandemic.

Expenditure for the year was £114,851, of which £6,437 was from restricted funds matching the income raised within the Specific Causes fund in the year and using funds raised in previous years from within the Building Fund. General unrestricted fund expenditure was £74,399, similar to the previous year. Designated fund expenditure of £34,016 related entirely to the coffee shop. A transfer of £3,577 was made from the restricted Building Fund to general unrestricted reserves representing fixed asset additions (Audio Visual equipment) less total depreciation in the year.

Therefore, the net outgoing resources for the year were £3,252. As a result, total funds decreased by this amount to end the year at £1,274,749 of which £57,140 (2019: £40,873) represents general funds which have not been designated for a specific purpose.

The overall result for 2020 is a deficit of £3,252. This is due to the closure of the coffee shop which resulted in a deficit of £10,907 plus utilising funds brought forward in restricted funds of £8,845 whilst the general unrestricted funds showed a surplus of £16,267.

3

Market Harborough Baptist Church Trustees' Annual Report

for the year ending 31 December 2020

Reserves policy

The Church requires general reserves, that is funds that are freely available to spend in furtherance of its objects, to provide cover against any future deficits.

The Trustees believe that a level of general reserves equivalent to at least three months expenditure should be sufficient and appropriate for the needs of the Church. This is calculated to be in the region of £20,000 so the level of general reserves at 31 December 2020 may be slightly high, but in view of the current Covid-19 situation this level of reserves may be required. The Trustees will continue to review the position at regular intervals.

This report was approved by the Trustees on 20 May 2021 and signed on their behalf by:

Angela Zemlak, Treasurer

Yvonne Durrant, Secretary

4

Independent Examiner's Report to the Trustees of Market Harborough Baptist Church

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st December 2020 which are set out on pages 6 to 15.

Responsibilities and basis of report

As the charity's trustees, the members of the Diaconate 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.

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.

Callum D. Veasey A.C.A. For and on behalf of: Edward Thomas Peirson & Sons Chartered Accountants 21, The Point Rockingham Road Market Harborough Leics, LE16 7NU

20-May-21

5

Market Harborough Baptist Church Statement of Financial Activities For the Year Ended 31 December 2020

Note
INCOMING RESOURCES FROM:
Donations, pledges & grants
2(a)
Church activities
2(b)
Investments
2(c)
Trading income from coffee shop
2(d)
Total income
EXPENDITURE ON:
Charitable activities
3
Church activities & administration
Trading expenses for coffee shop
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
12		 General
Designated
Total
Unrestricted
Unrestricted
Restricted
Funds
Funds
Funds
Funds
2020
£
£
£
£
84,519
10,000
977
95,495
2,376
233
192
2,800
194
168
-
361
-
12,942
-
12,942
87,088
23,342
1,169
111,599
8,905
-
1,167
10,071
65,494
-
5,270
70,764
-
34,016
-
34,016
74,399
34,016
6,437
114,851
12,690
(10,674)
(5,268)
(3,252)
3,577
-
(3,577)
-
16,267
(10,674)
(8,845)
(3,252)
40,873
1,223,183
13,945
1,278,001
57,140
1,212,509
5,100
1,274,749		 Total
Funds
2019
£
121,587
13,186
410
65,521
200,703
15,433
159,622
65,316
240,372
(39,668)
-
(39,668)
1,317,669
1,278,001

All income and expenditure derive from continuing activities apart from the coffee shop which has now closed. Movements on reserves and all recognised gains and losses are shown above.

The notes on pages 8-15 form part of these accounts.

6

Market Harborough Baptist Church Balance Sheet as at 31 December 2020

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank
10
CURRENT LIABILITIES
Creditors: Amounts falling due within one year
11
Net current assets
NET ASSETS
CHARITY FUNDS
12
Unrestricted funds
General funds
Designated funds
Restricted funds
TOTAL CHARITY FUNDS		 £
3,031
69,169
72,200
2,934		 2020
£
1,205,483
1,205,483
69,266
1,274,749
57,140
1,212,509
1,269,649
5,100
1,274,749		 £
6,776
75,985
82,761
8,255		 2019
£
1,203,495
1,203,495
74,506
1,278,001
40,873
1,223,183
1,264,056
13,945
1,278,001

Approved by the Church Trustees and signed on their behalf on 20 May 2021 by:

Angela Zemlak, Treasurer

Yvonne Durrant, Secretary

The notes on page 8-15 form part of these accounts.

7

Market Harborough Baptist Church Notes to the Accounts For the Year Ended 31 December 2020

1 Accounting Policies

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts 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) in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value, they are presented in sterling which is the functional currency of the Church and rounded to the nearest £. The financial statements include all transactions, assets and liabilities for which the Church is responsible in law.

The going concern basis is considered to be appropriate despite the closure of the coffee shop and the current Covid19 pandemic. The trustees had considered the possibility of closing the coffee shop prior to the pandemic so the decision was not a sudden one. The shop had continued to trade mainly for its contribution to the community element of the Church's charitable status, but it was decided that it was time to draw it to a close. Despite the current regulations with regard to the pandemic the Church income stream has continued to some extent due to many regular contributions coming in by standing order.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Funds

Restricted funds comprise revenue donations or grants for a specific Church activity intended by the donor and funds raised by the Church for particular purposes. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on the average balance basis.

Designated funds are general funds set aside by the Church for a specific purpose, they remain unrestricted and the Church may move any surplus to other general funds.

Unrestricted funds are general funds which may be used by the Church in furtherance of its general objectives.

c) Income recognition

Income is included in the Statement of Financial Activities where the Church is legally entitled to the income, any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. If conditions are attached to a grant or donation and this requires a level of performance before entitlement can be obtained the recognition of the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.

Tax refunds under the Gift Aid Scheme are recognised in the period in which they are received. Gifts in kind donated for the use of the Church are recognised in income at their fair value, that being the value of the gift to the Church, at the point they gain control over them, with an equivalent amount being recognised as a component of expenditure. Gifts in kind donated for resale are recognised when sold due to the impracticality of obtaining a fair value for them when donated, other trading income (including income of the coffee shop and all other fundraising income) is recognised when entitlement has occurred. All incoming resources are accounted for gross of any related expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

8

Market Harborough Baptist Church Notes to the Accounts

For the Year Ended 31 December 2020

d) Expenditure recognition

All expenditure is accounted for on an accruals basis and is recognised, gross of any amounts recoverable, where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably. As the Church is not VAT registered the expenditure includes irrecoverable VAT.

e) Tangible fixed assets

Tangible fixed assets are capitalised if they can be used for more than one year and have a cost of at least £1,000. No depreciation is provided on freehold land and buildings and depreciation on equipment and fixtures is charged at 20%.

f) Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

g) Grants payable

Grants payable are only recognised in the accounts when a committment has been made and if conditions are attached to a grant or donation which requires a level of performance before entitlement can be obtained the recognition of expenditure is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Church and it is probable that they they will be fulfilled.

h) Financial instruments

The Church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, all of which are measured at transaction value.

2 Incoming Resources from:

a) Donations, pledges & grants
Offerings
Donations & other income
Coffee shop Covid grant/ bank account
Tax recovered under Gift Aid
EMBA contribution to M.I.T.
Spurgeons
Operation Agri
B.M.S./ Home Mission Boxes
In memorium
EMBA Thanksgiving days
BMS Thanksgiving days
Christian Aid
Pledges M.I.T.
Building project income
Building project grant		 General
Designated
Total
Unrestricted Unrestricted
Restricted
Funds
Funds
Funds
Funds
2020
£
£
£
£
57,913
-
-
57,913
7,162
-
-
7,162
-
10,000
-
10,000
18,546
-
-
18,546
-
-
-
-
-
-
521
521
-
-
-
-
-
-
456
456
579
-
-
579
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
319
-
-
319
-
-
-
-
84,519
10,000
977
95,495		 Total
Funds
2019
£
51,723
7,669
22,249
13,166
7,817
657
515
539
1,324
-
-
997
3,425
4,169
7,338
121,587

Income of £25,456 from donations, pledges and grants in 2019 was restricted.

9

Market Harborough Baptist Church Notes to the Accounts

For the Year Ended 31 December 2020

2
Incoming Resources
General
Designated
Total
from (continued):
Unrestricted
Unrestricted
Restricted
Funds
Funds
Funds
Funds
2020
£
£
£
£
b) Church activities
Rent for use of halls
2,338
-
-
2,338
Coffee mornings
-
234
-
234
Small fundraising activities
-
-
-
-
Outlook
37
-
-
37
Coffee shop tips
-
-
192
192
Church trips
-
-
-
-
2,376
234
192
2,801
c) Investments
Bank & other interest
194
68
-
261
HSBC Compensation
-
100
-
100
194
168
-
361
Income of £133 from investments in 2019 was restricted.
Income of £3,076 from church activities in 2019 was restricted.		 Total
Funds
2019
£
8,718
1,645
277
168
1,154
1,224
13,186
410
-
410
3
Expenditure on:
Charitable activities:
Spurgeons childcare
B.M.S. World Mission
E.M.B.A.
Churches Together
Operation Agri
Mission Direct
Christian Aid
Church activities & administration:
Upkeep & renovation of premises
Ministry
Minister in training
Manse expenses
Administration expenses
Activity expenses
Interegnum costs
Other expenses		 General
Designated
Total
Unrestricted
Unrestricted
Restricted
Funds
Funds
Funds
Funds
2020
£
£
£
£
-
-
521
521
4,349
-
475
4,824
4,349
-
171
4,520
206
-
-
206
-
-
-
-
-
-
-
-
-
-
-
-
8,905
-
1,167
10,071
8,900
-
5,270
14,170
29,793
-
-
29,793
1,516
-
-
1,516
3,392
-
-
3,392
21,092
-
-
21,092
256
-
-
256
-
-
-
-
545
-
-
545
65,494
-
5,270
70,764		 Total
Funds
2019
£
657
5,063
7,005
206
1,406
100
997
15,433
75,628
12,220
32,514
7,389
28,320
1,698
-
1,853
159,622

Expenditure in 2019 included the following amounts attributable to restricted funds, Charitable activities £3,861 and Church activities & administration £93,988.

10

Market Harborough Baptist Church Notes to the Accounts For the Year Ended 31 December 2020

Governance Costs
Independent examiner's remuneration
Trustees reimbursed expenses		 Total
General
Designated
Funds
Unrestricted
Unrestricted
Restricted
Funds
Funds
Funds
2020
£
£
£
£
1,200
-
-
1,200
2,638
-
-
2,638
3,838
-
-
3,838		 Total
Funds
2019
£
1,560
2,352
3,912

4 Governance Costs

5 Independent Examiner's Remuneration

The independent examiner's remuneration consisted of an independent examination fee of £1,200 (2019: £1,560).

6 Trustees and Key Management Personnel Remuneration and Expenses

Reverend C.S. Brown, a trustee, has received a stipend for his employment as minister rather than as a trustee which is included in the figures at Note 7. In addition the minister and three other Trustees received reimbursed expenses totalling £2,638 (2019:2,352). These expenses were for equipment & fixtures, travel, property maintenance, courses and training, stationery and gifts.

The Church considers that it has no key management personnel other than the Trustees themselves.

7
Staff Costs
Gross wages and stipend
Employer's National Insurance costs
Pension costs
Redundancy Costs		 2020
£
45,896
880
6,214
12,452
65,442		 2019
£
76,799
1,101
6,007
-
83,907

The average number of employees for the year is 5 (2019:8)

8
Tangible Fixed Assets
Cost or valuation
At 1 January 2020
Additions
Disposals
At 31 December 2020
Accumulated depreciation
At 1 January 2020
Charge for the year
Written off on disposal
At 31 December 2020
Net book value
At 31 December 2020
At 1 January 2020		 Freehold
Fixtures &
Properties
Equipment
£
£
1,200,000
4,369
-
3,577
-
-
1,200,000
7,946
-
874
-
1,589
-
-
-
2,463
1,200,000
5,483
1,200,000
3,495		 Total
£
1,204,369
3,577
-
1,207,946
874
1,589
-
2,463
1,205,483
1,203,495

The freehold properties comprise the Church land and buildings and the Manse land and buildings. These properties were revalued for insurance purposes on 31 December 2006 and this valuation (Church £950,000, Manse £250,000) was taken as deemed cost on transition to SORP (FRS 102) on 1 January 2015, there are no subsequent additions. The original cost of the Church land and buildings was £4,500.

11

Market Harborough Baptist Church Notes to the Accounts

For the Year Ended 31 December 2020

9
Debtors
Prepaid expenses
Accrued income
Other debtors:
Hall rents
10
Cash at Bank and in Hand
Bank & Building Society accounts
11
Creditors: Amounts falling due within one year
Accruals and deferred income:
Independent examination fee
Utilities
Other creditors
HMRC re PAYE/NI
NOW pensions
Wages
Due to BMS/EMBA		 2020
£
3,031
-
-
3,031
2020
£
69,169
69,169
2020
£
1,200
96
-
-
-
1,638
2,934		 2019
£
5,174
1,200
402
6,776
2019
£
75,985
75,985
2019
£
1,560
993
5,248
76
378
-
8,255

12

Market Harborough Baptist Church Notes to the Accounts

For the Year Ended 31 December 2020

12 Movement of Funds

Restricted Funds
Building Reserve
Specific causes
Unrestricted Funds (Designated)
Church Land & Buildings
Manse
Liz Cole Memorial Fund
New Horizons coffee shop
Churches Together Easter Fund
Unrestricted Funds (General)
Unrestricted Funds
Unrestricted Funds (Total)
TOTAL FUNDS		 Balances at
Incoming
Resources
Transfers &
Balances at
1 Jan 2020
Resources
Expended
Revaluations
31 Dec 2020
£
£
£
£
£
13,945
-
(5,270)
(3,577)
5,098
-
1,169
(1,167)
-
2
13,945
1,169
(6,437)
(3,577)
5,100
950,000
-
-
-
950,000
250,000
-
-
-
250,000
640
-
-
-
640
22,543
23,110
(34,016)
-
11,637
-
233
-
-
233
1,223,183
23,342
(34,016)
-
1,212,509
40,873
87,088
(74,399)
3,577
57,140
40,873
87,088
(74,399)
3,577
57,140
1,264,056
110,430
(108,415)
3,577
1,269,649
1,278,001
111,599
(114,851)
-
1,274,749

Restricted Funds are funds that can only be expended on the restricted purposes intended by the donor. The only material restricted fund is the Building Reserve for the renovation and upkeep of the Church buildings

Designated Funds are unrestricted funds that the trustees have set aside for a specific purpose. Material designated funds are as follows:

Church Land & Buildings and Manse are designated as they are funds invested in the fabric of the actual buildings

New Horizon's Coffee Shop Fund is designated for the use of the coffee shop and, since its closure, for use of the area that it formerly occupied

Unrestricted Funds are general funds which may be used by the Church for furtherance of its objectives

13

Market Harborough Baptist Church Notes to the Accounts For the Year Ended 31 December 2020

12 Movement of Funds (continued)

The movements in funds for the previous financial year were as follows:

Restricted Funds
Building Reserve
Specific causes
General Reserve MIT
Unrestricted Funds (Designated)
Church Land & Buildings
Manse
Liz Cole Memorial Fund
New Horizons coffee shop
Unrestricted Funds (General)
General Fund
Unrestricted Funds (Total)
TOTAL FUNDS		 Balances
Restated at
Incoming
Resources
Transfers &
Balances at
1 Jan 2019
Resources
Expended
Revaluations
31 Dec 2019
£
£
£
£
£
61,873
13,545
(61,474)
-
13,945
-
3,861
(3,861)
-
-
9,593
11,258
(32,514)
11,663
-
71,466
28,665
(97,849)
11,663
13,945
950,000
-
-
-
950,000
250,000
-
-
-
250,000
1,067
-
(427)
-
640
-
87,859
(65,316)
-
22,543
1,201,067
87,859
(65,743)
-
1,223,183
45,136
84,180
(76,780)
(11,663)
40,873
45,136
84,180
(76,780)
(11,663)
40,873
1,246,203
172,039
(142,523)
(11,663)
1,264,056
1,317,669
200,704
(240,372)
-
1,278,001

Analysis of Net Assets between Funds

Tangible fixed assets
Bank balances
Debtors
Creditors		 Restricted
Designated
General
Total
Funds
Funds
Funds
Funds
£
£
£
£
5,098
1,200,000
385
1,205,483
2
12,509
56,658
69,169
3,031
3,031
(2,934)
(2,934)
5,100
1,212,509
57,140
1,274,749

The analysis of net assets between funds for the previous year was as follows:

Tangible fixed assets
Bank balances
Debtors
Creditors		 Restricted
Designated
General
Total
Funds
Funds
Funds
Funds
£
£
£
£
3,495
1,200,000
-
1,203,495
10,450
23,183
42,352
75,985
-
-
6,776
6,776
-
-
(8,255)
(8,255)
13,945
1,223,183
40,873
1,278,001

14

Market Harborough Baptist Church Notes to the Accounts For the Year Ended 31 December 2020

13 Analysis of Coffee Shop Trading Income & Expenditure

Income
Sales
Covid grant
Expenses
Wages and employer pension contributions
Redundancy costs
Goods
Premises costs
Overheads
Equipment replacement & maintenance
(Deficit)/surplus of trading income over expenditure for the year		 2020
£
12,942
10,000
22,942
16,823
12,452
3,094
613
1,034
-
34,016
11,074)
(		 2019
£
65,521
-
65,521
39,468
-
18,313
2,923
4,037
575
65,316
205

14 Related party transactions

Trustees of the Church made donations during the year totalling £12,494 without any conditions attached.

15