Charity Registration No. 1133944 CREECH ST MICHAEL BAPTIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Lentells Chartered Certified Accounianis CREECH ST MICHAEL BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees l Kelland M Partridge D Browse S Bames J Medlo¢k Revd. M Bradley J Warden B Cavaghan l Tremain (Appointed 26 October 20201 Charity nurnber 1133944 Independent examiner P A Stallard Lentells Limf(ed Ash House Cook Way Bindon Road Taunton Somerset TA2 68J CREECH ST MICHAEL BAPTIST CHURCH CONTENTS Pago Trustees. report Statement of trustees. responsibilities Independent examinerfs report Slalemenl of financial activities Statement of financial rKJsition Slalemenl of cash flows 10 Notes to the financial slalements 11-24 CREECH ST MICHAEL BAPTIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees present their rerM)rt and finanual statements for the year ended 31 December 2020. The accounts have been prepared in accordance with the a(xounling tx)licies set out in note 1 to the accounts and comply with the ¢hur¢h's trust deed. the Charities A¢t 2011 and "Acwunting and Reporting by Charitses.. ststemenl of Recommended Practi￿ applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting periods commencing from 1 January 20161. Objectives and activities The objectives of the charity are lo advance the Christian faith according to the prinuples of the Baptist denominalion. It also advan￿$ education and undertakes other Charitable purposes in the UK and other part5 of the wortd. The activities undertaken indude public worship. prayer. bible study, teaching, encouragement, education and pastoral care. Publlc Beneflt Statement The trustees have paid due regard lo guidance issued by Ihe Charity Commission in deciding what activities the church should undertake. Grant-making Policy Grants are approved by the church meeting within the approval of the annual budget with any additional items voted by the same body during the year as the need arises. CREECH ST MICHAEL BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 A¢hievemenl$ and performance Rgviow of Iho Past Year As for everyone, 2020 was an unprecedented year due to the pandemic. Al the beginning of the year, we conb'nued wilh our oulreach activilies, induding the successful Life Café, various groups for young people both within the church and from the wder local Community, groups run within local primary and secondary schools. the HubBub group for older people etc. We also held weekly Sunday services. including children's work. However, in March lockdown began an¢J these groups had to stop meeting in person. stsrting immediately, our services moved online and Ihanks lo the talents of various members these have been very well re￿ived, with growing numbers tuning in as the year went on. and more members becoming involved both onscreen and behind ihe scenes. These online services {via YouTube and Fa￿boOkI have been a successful forTn of outreach, and we have seen an increase in church membership, and an increase in interest from those seeking to know more about our faith. Also immediately, all staff began working from home. They kept in regular online contact. allowing them to support each other and maintsin the day-to-day running of the church. The member of staff appointed in the role of Creative Communications in 2019 proved invaluable in 2020, creating and editing imaginative and accessible online content, often involving church members, which greatly furthered the work of outreach even during lockdown, as well as enabling us to maintain our sense of church family. Life Groups (smaller groups within the church who meet together for Bible study and mutual support and prayer) also moved online and increased in membership. including an in¢￿3$e in interest from those not previously part of Lrfe Groups and in some cases not previously part of our church. This resulted in the creation of a new Life Group, to accommodate the inwse in numbers. Early into lockdown we established prayer and practical support via email and phone, enabling the church to pray for specific needs and lo offer a shopping Servi￿ for those shielding elc. Youth work moved online, with youlh groups run via zoom for those willing and able to attend. These were run by the youth worf( team, and offered support and contact to young people. Sunday moming children's work moved to Z￿)M. eventually running most weeks immediately before the Sunday morning services. These were run by our children's work team, and included sending out craft packs lo families who ￿gIStered for them, so that the children could do crafts 'together' and maintsin important connections with the church family. The successful annual Holiday Club. although unable to run in person. was run online. This included a week of livestreamed videos, and ¢raft packs sent to each Child registered. and was very popular. An Alpha Course was also run online via Zoom, allowing various people to ask questions atx)ul our faith and seek inforniation and support from our church family. During the temporary easing of reslrictions in the summer, a covid-safe OUtd￿r setV1￿ was run successfully, with many households able to attend. In September a church member attending Bristol Baptist College started a placement wth u5 a5 a minister-in- training, participating in, and leading various online services such as prayer wotl(shops. reflective servi￿8 etc Over Christmas, the Life Café opened an outdoor 'Winter Hut,. This was extremely popular with both church members and the wider ¢ommuntty, estsblishing and renewing relationships and support that may have faltered during lockdown. The church was also able to donate a Christmas tree to the village, as we do each year. This year, as we were unable lo hold a carol setvice, 6 people you￿, the village Iwilh a Ireell, singing carols outside al an appropriate distance from houses. This was enthusiastically welcomed by the community. Christmas seNices were all online, and included a Christmas choir. with each singer and musician rewrded individually and then edited together into a choir. This was extremely well-received as a way of conveying the Christian message of Christmas, locally. nationally and even inlemalionally. CREECH ST MICHAEL BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Child Protection Policy The Baptist Union 'Safe to Grow. Poli￿ was affimied by Ihe members. Financial review The attached financial statements show the state of finan￿S of the church and comply with the Charities Act 2011 and the Charities SORP. The Ststement of Financial Activities shows net in￿*Me for the year of £11.088 after charging depreciation of £15,467. The balance sheet shows an increase in net assets to £334,482. Of this figure, £66,207 now relates lo the general fund, £12,706 relates to the designated ftjnds and £255.569 ￿lateS lo restricted ftjnds for outreach, love gifts, mission, church property and building funds. As pointed out al note 1.12, Brookings Cottage and The Arches are held by a separate Cha￿ty, the 'Br(x)kings Trust,. As such, all asseis, liabilities, income and expenses of this charity are excluded from the accounts of Creech Sl Michael Baptist Church. Reserves Policy The church has adopted a minimum level of income reserves of three months of budgeted expenditure excluding restricted or designated expenditure. This reserve is adopted in order for the church to meet ils financial obligations should there be a sudden reduction in its income. At the year end, the unrestricted net asset balance amounted to £66,207. Investment powers and policy The trustees are ￿sponsible for ensuring that SLrfficient cash is held to cover day to day expenses of the charity and the best returns available are achieved on surplus fijnds. Risk management The trustees have assessed the major risks lo which the church is exposed. and are satisfied that systems are in pla￿ to mitigate exposure to the major risks. Structure* governance and management The church was established by Trust Deed and has a wrrtten conskn"tution. last updated 19 May 2014. The trustees who served during the year and up to the date of signature of the financial ststements were.. l Kelland M Partridge D Browse J Metcalfe D Woosley S Barnes J Medlock Revd. M Bradley J Warden B Cavaghan D Knight l Tremain {Resigned 1 June 20201 {Resigned 1 June 20201 {Resigned 1 o￿ober 20201 {Appointed 26 October 20201 The Trustees were apwinted by the membership of the church in general meeting. Induction and training needs are provided for by other trustees and extemal guidan￿ is sought when needed. CREECH ST MICHAEL BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 The Church is a registered charity under registrabon number 1133944. The church address is Creech St Michael Baptist Church. Creech St Michael. Taunton. Somerset. TA3 5QQ. Trustees. Expenses and Rernuneration In the current year and the previous year. no remuneration or expenses were paid to the Trustees in their capacity as charity Trustees. However, Revd Huffman, Revd Bradley, Mr Partridge and Mrs Warden all received remuneration for other aspects of their church duties. Remuneration paid lo these individuals is shown within the accounts. Ralatod Charities The custodian tnjstee of the church is the Baptist Union Corporation Limited Icharity number 2496351, which is controlled by the Bapkn'sl Union Council. The church is also a member of the Baptist Union of Great Britsin. The trustees, report was approved by the Board of Trustees. Signed on 27107121 @ 2 ".40 Ravd. M Bradley Trustee Dated= CREECH ST MICHAEL BAPTIST CHURCH STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). The law applicable to chanties in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the church and of the incoming resources and application of resour￿5 of the church for that year. In preparing these financial slalements. the trustees are required to.. select 5uilable accounting policies and then apply them consistently- observe the method5 and principles in the Charities SORP- make judgements and eslimales that are reasonable and prudent- stste whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the finanual statements.. and prepare the financial statements on the going con￿￿ basis unless it is inappropriate to presLJme that the charity will continue in operation. The Irvslees are responsible for keeping sufficient a¢¢ounting records that dI￿10$e with reasonable a¢cura¢y al any time the financial posrfcion of the church and enable thern to ensure that the financial statements comply with the Charilies Act 2011, the Charity IA¢wunis and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the 85sets of the church and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. CREECH ST MICHAEL BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREECH ST MICHAEL BAPTIST CHURCH I report to the trustees on my examination of the accounts of Creech St Michael Baptist Church (the Church) for the year ended 31 De￿mber 2020. Responsibilities and basis of report As the trLJStees of the church you are responsible for the preparation of the awunts in accordan￿ with the requirements of the Charities Act 2011 {the 2011 Act). I report in respect of my examination of the church's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable DIre￿lon$ given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that the tharity has prepared finanaal statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practi￿ issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in a￿ordanCe with Generally Accepted Acwunting Practice effective for ￿porting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no maliers have come to my attention in connection with the examination giving me cause to believe that in any wnaterial respect= accounbng records were not kept in respect of the church as required by section 130 of the 2011 Act., or the financial ststements do not accord wlh those records" or the financial slalements do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Rerortsl Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter conSide￿d as part of an independent examination. I have no concerns and have come a¢ross no other maliers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial 51alements to be reached. Couniersoned on 29107121 @ 12.32 P A Slallard Dated= CREECH ST MICHAEL BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Current financial year Unrestricted Unrestricted Restrided funds funds funds general designated 2020 2020 Total Totsl 2020 2020 2019 Notes Incom from: Donations and legacies Charitable aclivrties Investments 196,786 686 573 7,775 21,070 225,631 686 573 277,510 4,061 566 Total incorne 198.045 7,775 21,070 226,890 282,137 Ex enditura Charitable activities 132,908 15,196 62.698 210,802 280,131 Net Incomlnglloutgolng) resources before transfers 65.137 {7,4211 141,6281 16,088 2,006 Net Incomlnglloutgoingl ro$our¢es before transfers 65.137 {7,4211 141,6281 16,088 2.006 Gross transfers between funds (16.0201 {1,3501 17,370 Net incomellexpendtturel for the yearl Net movement in funds 49.117 {8,7711 124,2581 16,088 2,006 Fund balances at 1 January 2020 34,297 23,281 265.816 323,394 321,388 Fund balances at 31 December 2020 83.414 14,510 241,558 339,482 323,394 The statement of financial activities includes all gains and losses recognised in the year. All incorne and expenditure derive frown continuing activities. CREECH ST MICHAEL BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Prior financial year Unrestricted Unrestrided Restricted funds funds funds general designated 2019 2019 Total 2019 2019 Noles Incom from: Donations and legacies Charitable aclivrties Investments 209,680 4,061 566 24,357 43,473 277,510 4,061 566 Total incorne 214,307 24,357 43,473 282,137 Ex enditura Charitable activities 185,054 24.426 70,651 280,131 Net Incomlnglloutgolng) resources before transfers 29,253 1691 127,1781 2,006 Gross transfers be￿een fvnds 138,9941 2.468 36,526 Net incomellexpendtturel for the yearl Net movement in funds {9,7411 2.399 9,348 2,006 Fund balances at 1 January 2019 44,038 20,882 256,468 321,388 Fund balances at 31 December 2019 34,297 23,281 265,816 323,394 The statement of financial activities includes all gains and losses recognised in Ihe year. All income and expenditure ¢Jerive from continuing acbvities. |MGBradley
Signed on 27/07/21 @ 20:40|Jane Warden
Signed on 29/07/21 @ 12:05| |---|---| CREECH ST MICHAEL BAPTIST CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Notes Cash flows from operatlng actlvlties Cash generated from operations 17 24,497 13,064 Investing activities Purchase of tangible fixed assets Interest received 137.2151 566 573 Net ¢a$h ggnoralod fromllusgd inl investing activities 573 136,6491 Net cash used in financing activities Nat increasolldecrease} in cash and cash equivalents 25.070 123,5851 Cash and cash equivalents at beginning of year 88.758 112,343 Cash and cash equivalgnts at end of year 113,828 88,758 10- CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policies Charity information The Church is a registered charity. The charity's wistration number is 1133944. The church address is Creech St Michael Baptist Church, Creech St Michael. Taunlon, Somerset TA3 5QQ. 1.1 Accounting convention The a￿o￿nIS have been prepared in accordan￿ with the ¢hur¢h's trust deed, Ihe Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accDunling periods commencing from 1 January 20161. The church is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterfing, which is the functional cuffency of the church. Monetary amounts in these financial statements are rounded lo the nearest £. The financial ststements have been p￿pared under the hislorical cost convention. The principal accounbng poli￿eS adopted are set out bel¢)w. 1.2 Going concern Al the lime of approving the financial statements, the trustees have a reasonable expectation that the church has adequate resour¢es to continue in operational existen￿ for the foreseeable future. Thus the trustees continue to adopt the going LX)ncem basis of aLxx)unting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other puiposes. Unrestricted designated funds are funds which have been designated for 8 particular purpose. These funds may be redesignated at the discretion of ihe church. An analysis of the unreslricted designated funds is given in the notes to the financial stslemenls. Restricted Income funds are funds which are subject to spectfic trusts and objects. These comprise specific love gifts, amounts eamiarked out of general giving specifically for Outreach and Mission, and the original amounts used for the re-building of the church building. The Purposes and uses of the restricted funds are sel out in Ihe notes lo the a¢¢ounts. 1.4 Income Income is recognised when the church is legally entitled lo it after any performance condition5 have been met, the amounts can be measured reliably, and it is probable Ihat income will be re￿ived. Cash donations are recconised on re￿ipl. Other donations are recconised once the church has been notified of the donats"on, unless performan￿ conditions require deferral of the amount. Income tax recoverable in relatson lo donatsons received under Grfi or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on re￿ipt or otherwse rf the church has been notified of an impending distribukn'on. the amount is known, and ￿CeIpt is expected. If the amount is not known, the legacy is Irealed as a contingent asset. Leib'ngs income is recognised when the renlal is due. Investment income is accounted for when it is receivable. 11 CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policies (Continued) 1.5 Expenditure Grants Grants and donations are accounted for when paid or awarded, rf the award creates a binding obligation. Other Charitable Expenditure Expenditu￿ that directly relates lo a cost Category is charged solely lo that category. However. where expenditure relates to at least two such categories, the (x)st is apwrtioned as ne￿Ssary. Expenditure is generally recognised when incurred and is accounted for gross. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequenuy measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write irff the (x)st or valuation of assels less their residual values over their useful lives on the following bases- Freehold land and buildings Fixtures and fittings 1% straight line (Improvements 5%) 20% straight line The gain or loss arising on the disposal of an asset is determined as the dIffe￿nce between the sale proceeds and the carying value of the asset. and is recognised in net incomellexpenditurel for the year. The deacons believe the historic cost of the freehold propety to be £250,000 as incurred between 1983 and 1985. This specifically excludes the historic cost of the land which was gifted in the 1860's and is rtainly immaterial to these a(xounls. The original cost of fixtures and equipment at 31 December 1999 was not known. 11 was not cost effective lo value all of the related assets. Therefore, the cost at thal date has been tsken at its insurance value as per the September 1999 declaration as allowed by the Charities SORP. Fixtures and equipment purchased since that date have been rapitalised al cost and subjected to depreryation as above. 1.7 Impairment of fixed assets At each reporting end date, the ChU￿h reviews Ihe Carrying amounls of its tsngible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif anyl. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 12- CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policies (Continued) 1.9 Financial instruments The church has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of ils financial instnjmenls. Financial instruments are recognised in the church's balan￿ sheet when the church becomes party lo the conlradual provisions of the inslrumenl. Financial assets and liabilities are offsel. with Ihe net amounts presented in the financial ststements, when there is a legally enfor￿able right to set off the recognised amounts and there 15 an intention lo settle on a nel basis or to realise Ihe assel and setue the liability simulianeously. Basic financial assets Basic financial assets, which include debtor5 8nd cash and bank balances, are ini(1811y measured al transaction pri¢e including transaction costs and are subsequendy carried at amortised wst using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of Ihe future re￿iptS discounted at a market rate of inlerest. Financial assets classified as receivable within one year are not amortised. Bas1¢ flnanclal Ilabllltles Basic finanaal liabilities. induding credilors and bank loans are initially recognised at transaction price unless the arrangement constitutes a finan¢ing transaction, where the debt instrument is measured al the present value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt inslnjments are subsequendy carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for g(￿S or services Ihat have been acquired in the ordinary course of operabons from suppliers. Arnounts payable are classified as current Iiabililies if payment Is due within one year or less_ If not. they are presented as non-current liabilities. Trade creditors are ￿COgniSed initially at transaction price and subsequently measured at amortised cost using the effective interest method. Dere￿onition of financial liabilities Financial liabilities are de￿CogniSed when the Ch￿￿h.$ contraclual obligalions expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entiuement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the church is demonstrably committed to terminate the employment of an ernployee or to provide termination benefits. 1.11 Retirement benefrts Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Brookings Cottage and The Arches Both of these properties are held by a separate charity. the 'Brookings Trust,. and a separate relum is made to the Charity Commission. As such. all assets. liabilities, income and expenses of this charity are exduded from the accounts of Creech St Michael Baplisl Church. 13- CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Critical accounting estimates and judgements In the application of the church's accounting policies. the ttustees a￿ required lo make judgements, estimates and assumptions aboul Ihe carying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the peri(￿1 in which ihe eslimate is ￿ViSed where the revision affects only that period, or in the period of the revision and future periods where the revision affects both CUfTent and future pericls. 14- i o o) (yi ¢J> tri (£) ott)0 O (N (N t￿¢>j￿￿>0 0 17) (W If O r TJ 00 cIOCaOOOtO CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Charitable activities 2020 2019 Charitable rental income 686 4,061 Analysis by fund Unrestricted funds- general 686 For the year ended 31 December 2019 Unrestricted funds- general 4,061 InvoStmenl$ Unrestricted Unrestricl8d funds funds general general 2020 2019 Interest re￿1vable 573 566 16- CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Charltable actlvltles 2020 2019 staff costs Depreciation and impaimient Charitable Giving Property expenditure Church meetings and speaker expenses Youth activities 63,681 15,349 63,086 32.528 S.122 3.160 96,001 12,338 82,738 48,479 7,253 5,197 182,926 252,006 Share of support Costs (see note 71 27,876 28,125 210.802 280,131 Analysis by fund Unrestricted funds- general Unrestricted funds- designated Restricted funds 132,908 15,196 62,698 210.802 For the year ended 31 December 2019 Unrestricted funds- general Unrestricted funds- designated Restricted ftjnds 185.054 24,426 70,651 280,131 17- CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Support costs Support Govemance costs costs 2020 Support Govemance costs costs 2019 Slaff costs Depreciation Subscriptions Bank charge5 Catering costs Office running costs Other accountanw and payroll costs Independent Examination 21,493 118 1,174 46 230 2.499 21,493 118 1.174 46 230 2,499 19,596 118 1,823 66 1,618 2,788 19,596 118 1,823 66 1,618 2,788 756 756 766 766 1,560 1.560 1.350 1,350 27,876 27,876 28,125 28,125 Analysed between Charitable actimties 27.876 27,876 28,125 28,125 Trustees In the current year and the previous year. no remuneration or expenses were paid to the Trustees in their capacity as charity Trustees. However, Revd Bradley. Mr Partn"dge and Mrs Warden all received remuneration for other aspects of their church dubes. Remuneration paid to these individuals is shown in the notes to the finanoal statements. 18- CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Employees Number of employees The average monthly number of employees during the year was- 2020 Number 2019 Number Administratwe Pastoral Employment Costs 2020 2019 Wages and salaries Social security costs Other pension Cosls 74,778 1,746 8,650 98,314 4,851 12,432 85,174 115,597 A defined contribution pension scheme is mwje available to all eligible employees. The employer cost of this scheme is shown above. The outstsnding liability at the year end was £84512019.. £6101. There were no employees whose annual remuneration was £60.0(M) or more. 10 Tangible fixed assets Freehold land Fixtures and and building$ fitting$ Total Cost At 1 January 2020 300,831 158,417 459,248 Al 31 De￿mber 2020 300.831 158.417 459,248 Depreciation and impaim)ent At 1 January 2020 Deprecialion charged in the year 92.619 5.042 130,669 10.425 223,288 15,467 Al 31 December 2020 97,661 141,094 238,755 Carrying amount Al 31 De￿mber 2020 203,170 17,323 220,493 At 31 De￿mber 2019 208.212 27.747 235,959 Generally, all of the fixed assets are used for tharitsble puwes, though some of the fixtures and equipment are used in the administration function and Ihe church ￿ntre is periodically let when under used for other purposes. 19- CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 11 Debtors 2020 2019 Amounts falling due within one year- Trade debtors Other debtors Prepayments and accrued income 5,000 4,703 4,502 9,702 4,504 12 Creditors- amounts falling due within one year 2020 2019 Other taxation and social security Trade creditors Accruals and deferred income 1,482 1,798 643 3,386 3,059 4,541 5,827 -20- c* cy vj o )w)rno o)0 co Or *rf)u)￿O (WrO¢DO 0￿￿)IXi * 0￿￿(D OJ ￿ 17) co cfj o (o(yooo OtrLnOO ¢0 co ei (000 Ln O u)0 oe)0 >OLLOu)O Z5 U) Z5 ffj U) z¥ ¥) c* w z¥ ¥) CREECH ST MICHAEL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 16 Related party transactions Remuneration of key management personnel The remunerab'on of key management personnel is as follows. 2020 2019 Aggregate compensation 60,879 89.872 Transactions with related parties In the current year and the previous year, no remuneration or expenses were paid to the Trustees in their capacity as charity Trustees. However, Revd Huffman. Revd Bradley, Mr Partridge and Mrs Warden all received remuneration for other aspeds of their church duties. Remuneration paid lo these individuals is shown within the accounts. 17 Cash generated from operations 2020 2019 Surplus for the year 16,088 2,006 Adjustmen15 for.. Investrnenl income recognised in statemerrt of financial acb"vitie5 Depreciation and impairment of tangible fixed assets 15731 15.467 15661 12.456 Movements in working capital.. Ilncreaselldecrease in debtors (Decrease) in creditors 15,1991 11,2861 213 11,0451 Cash generated from operations 24.497 13.064 18 Analysis of changes in net funds The church had no debt during the year. -24-