| Page | |
|---|---|
| 3-9 | Trustees' Annual Report for year ended 31st December 2020 |
| 10 | Independent Examiner's Report |
| Statement of Financial Activities |
|
| 12 | Balance Sheet |
| 13 | Statement of Cash Flows |
| 14-23 | Notes to the Financial Statements |
| 24-29 | Detailed Statement of Financial Activities and Balance Sheet |
| Unrestricted | Funds | Restricted | Total | Funds | ||||
|---|---|---|---|---|---|---|---|---|
| Note | General | Designated | Funds | 2020 | 2019 | |||
| Income: | ||||||||
| Donations and |
Legacies | 207,580 | 1,253 | 11,287 | 220,120 | 229,276 | ||
| Other Trading | Activities | 5,948 | 32,020 | 37,968 | 89,383 | |||
| Income from Investments | 176 | 3,899 | 230 | 4,305 | 5,393 | |||
| Other Income | 418,600 | |||||||
| Total Income | 213,704 | 37,172 | 11,517 | 262,393 | 742,652 | |||
| Expenditure: | ||||||||
| Expenditure on Charitable |
Activities | 273,371 | 25,972 | 44,633 | 343,976 | 419,946 | ||
| Total Expenditure | 273,371 | 25,972 | 44,633 | 343,976 | 419,946 | |||
| Net Income/ (Expenditure) | (59,667) | 11,200 | (33,116) | (81,583) | 322,706 | |||
| Transfers between |
funds | 84,759 | (84,759) | |||||
| Net movement in |
funds | 25,092 | (73,559) | (33,116) | (81,583) | 322,706 | ||
| Reconciliation of |
funds | |||||||
| Total funds brought | forward | 1/1/2020 | 71,798 | 963,628 | 953,502 | 1,988,928 | 1,666,222 | |
| Total funds carried forward | 31/12/2020 | 96,890 | 890,069 | 920,386 | 1,907,345 | 1,988,928 |
| Notes | 2020 | 2019 | |||
|---|---|---|---|---|---|
| Current Assets | |||||
| Tangible fixed assets | 926,154 | 954,018 | |||
| Current Assets | |||||
| Debtors | 5,943 | 5,684 | |||
| Cash at bank and | in | hand | |||
| - deposit accounts | 999,503 | 1,010,215 | |||
| - current accounts | etc. | 16,415 | 75,674 | ||
| 1,021,861 | 1,091,573 | ||||
| Creditors: amounts | falling due | ||||
| within one year | 40,670 | 56,663 | |||
| Net current assets | 981,191 | 1,034,910 | |||
| Total assets less | current liabilities | 1,907,345 | 1,988,928 | ||
| Creditors: amounts | falling due | ||||
| after more than | one year | ||||
| Net assets | 1,907,345 | 1,988,928 | |||
| Funds: | |||||
| Unrestricted | |||||
| - general | 86,890 | 71,798 | |||
| - designated | 10 | 890,069 | 953,628 | ||
| Restricted | 11 | 920,386 | 953,502 | ||
| 1,897,345 | 1,978,928 | ||||
| Property valuation | reserve - General | 10 | 10,000 | 10,000 | |
| 1,907,345 | 1,988,928 |
| Total | Funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 2020 | 2019 | ||||||
| Cash used in operating | activities | 74,276) | 362,671 | |||||
| Cash flows from investing activities |
||||||||
| Interest income | 4,305 | 5,393 | ||||||
| Purchase oftangible | fixed assets | |||||||
| Sale oftangible fixed |
assets | 181,400 | ||||||
| Cash provided by (used |
in) investing | activities | 4,305 | 186,793 | ||||
| Repayment of borrowing |
||||||||
| Cash used in financing | activities | |||||||
| Increase (decrease) | in cash and cash equivalents | in the year | ( 69,971) | 549,464 | ||||
| Cash and cash equivalents at |
the | beginning | ofthe year | 1,085,889 | 536,425 | |||
| Total Cash and cash equivalents | at | the end | ofthe | year | 1,015,918 | 1,085,889 |
| 2 INCOME | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Funds | Restricted | Total | Funds | ||
| General | Designated | Funds | 2020 | 2019 | ||
| Donations and |
Legacies | |||||
| Stewardship donations |
||||||
| - Standing Orders |
144,273 | 8,846 | 153,119 | 142,773 | ||
| - Envelopes | 203 | 40 | 243 | 9,502 | ||
| Income Tax recoverable | 32,768 | 2,013 | 34,781 | 34,159 | ||
| Collections | 2,927 | 2,927 | 7,672 | |||
| Donations | 27,409 | 253 | 388 | 28,050 | 18,420 | |
| 207,580 | 253 | 11,287 | 219,120 | 212,526 | ||
| Other voluntary | income | |||||
| Legacies | 14,500 | |||||
| Grants | 1,000 | 1,000 | 2,250 | |||
| 1,000 | 1,000 | 16,750 | ||||
| Total Donations | and Legacies | 207,580 | 1,253 | 11,287 | 220,120 | 229,276 |
| Other Trading Activities | ||||||
| Literature sales | 503 | 503 | 246 | |||
| Lunch Club income | 1,318 | 1,318 | 8,073 | |||
| Catering/other income |
511 | 1,812 | 2,323 | 4,398 | ||
| Trinity Centre lettings | 30,208 | 30,208 | 70,696 | |||
| Fees | 2,463 | 2,463 | 3,178 | |||
| Printing income |
16 | |||||
| Bluebirds | 343 | 343 | 858 | |||
| Fundraising activities |
810 | 810 | 1,918 | |||
| Total Other Trading Activities | 5,948 | 32,020 | 37,968 | 89,383 | ||
| Other income | ||||||
| Profit on disposal | of Fixed Asset | 418,600 | ||||
| Total Other Income | 418,600 | |||||
| Income from Investments | ||||||
| Deposit interest | 176 | 3,899 | 230 | 4,305 | 5,393 | |
| Total Income | 213,704 | 37,172 | 11,517 | 262,393 | 742,652 |
| 3 EXPENDITURE | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expenditure on Charitable |
Activities | Unrestricted | Funds | Restricted | Total | Funds | ||||||
| General | Designated | Funds | 2020 | 2019 | ||||||||
| P | f. | |||||||||||
| Charitable Activities |
||||||||||||
| Grants 8 Gifts to other | organisations | (note 15) | 10,800 | 10,800 | 10,600 | |||||||
| Donations made |
16,769 | 16,769 | 12,639 | |||||||||
| Diocesan Parish Support | Fund | 82,400 | 82,400 | 82,000 | ||||||||
| Staff housing | 400 | 400 | 1,960 | |||||||||
| Staff expenses | 1,123 | 1,123 | 1,939 | |||||||||
| Director ofWomen & |
Family | Ministry | 20,222 | 20,222 | 19,668 | |||||||
| Utilities | 12,224 | 44 | 12,268 | 16,520 | ||||||||
| Insurance | 6,772 | 6,772 | 6,655 | |||||||||
| Repairs and maintenance | 11,933 | 11,933 | 54,789 | |||||||||
| Garden Maintenance |
1,425 | 1,425 | 1,400 | |||||||||
| Cleaner and Cleaning | Material | 7,446 | 7,446 | 14,373 | ||||||||
| Waste Collection | 1,217 | 1,217 | ||||||||||
| Fees paid to Diocese | 2,075 | 2,075 | 2,310 | |||||||||
| Salaries/Pension/NIC | for | Youth | Work | 34,166 | 34,166 | 29,003 | ||||||
| Youth/Sunday School |
878 | 878 | 2,213 | |||||||||
| Expenses/Training youth |
staff | 326 | 326 | 558 | ||||||||
| Christians Against Poverty Expenses |
1,755 | 1,755 | ||||||||||
| Staff training | 440 | 440 | ||||||||||
| Livestream Technology |
7,826 | 7,826 | ||||||||||
| Music Licences/Equipment | 1,585 | 1,585 | 1,257 | |||||||||
| Service expenses | 847 | 847 | 1,314 | |||||||||
| I iterature costs | 992 | 992 | 623 | |||||||||
| Web site and Marketing | 246 | 246 | 791 | |||||||||
| Outreach | 437 | 437 | 1,200 | |||||||||
| Bluebirds | 39 | 39 | 200 | |||||||||
| Trinity Centre Salaries, | pension | and NIC | 4,398 | |||||||||
| Trinity Centre Redundancy | Costs | 9,770 | ||||||||||
| Trinity Centre Other Costs | 588 | 588 | 1,262 | |||||||||
| Lunch Club costs | 875 | 875 | 8,158 | |||||||||
| Depreciation | 27,864 | 27,864 | 60,826 | |||||||||
| 200,623 | 8,458 | 44,633 | 253,714 | 346,426 | ||||||||
| Governance Costs | ||||||||||||
| Church Ops Minister Salary, Pension | 8 Nl | 39,081 | 39,081 | 21,874 | ||||||||
| Administrator Salary pension |
and | Nl | 20,613 | 20,613 | 15,981 | |||||||
| Printing, stationery and |
office | services | 5,950 | 5,950 | 5,613 | |||||||
| Independent Examination |
fee | 3,780 | 3,780 | 3,780 | ||||||||
| Professional Fees |
17,514 | 17,514 | 23,212 | |||||||||
| Recruitment Expenses |
190 | |||||||||||
| General expenses | 3,324 | 3,324 | 2,870 | |||||||||
| 72,748 | 17,514 | 90,262 | 73,520 | |||||||||
| Total Expenditure | 273,371 | 25,972 | 44,633 | 343,976 | 419,946 |
| Unrestricted | Unrestricted | Funds | Restricted | Total | Funds | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| General | Designated | Funds | 2020 | 2019 | ||||||
| F | ||||||||||
| Staff wages | 104,549 | 104,549 | 83,267 | |||||||
| Social Security costs | 5,613 | 5,613 | 4,017 | |||||||
| Pension | costs | 3,919 | 3,919 | 3,640 | ||||||
| Redundancy | costs | 0 | 9,770 | |||||||
| 114,081 | 114,081 | 100,694 | ||||||||
| No employee | received | emoluments | in excess | of660,000 | p.a. | |||||
| 2020 | 2019 | |||||||||
| Number | ofemployees: | Holy Trinity | Church | 4 | 4 |
| 5 FIXEDASSETS | ||||||
|---|---|---|---|---|---|---|
| Freehold | land | Furniture and |
||||
| and Buildings | Equipment | Total | ||||
| f. | ||||||
| Gross BookValue | ||||||
| As at 1.1.2020 | 1,403,214 | 165,243 | 1,568,457 | |||
| Additions | ||||||
| As at 31.12.2020 | 1,403,214 | 165,243 | 1,568,457 | |||
| Depreciation | ||||||
| As at 1.1.2020 | 449, | 196 | 165,243 | 614,439 | ||
| Charge for the year | 27,864 | 27,864 | ||||
| As at 31.12.2019 | 477,060 | 165,243 | 642,303 | |||
| Net BookValue | ||||||
| As at 31.12.2020 | 926,154 | 926,154 | ||||
| As at 31.12.2019 | 954,018 | 954,018 | ||||
| Gross Book | Value | |||||
| Value at | of Land | |||||
| 31.12.2020 | included | |||||
| E | ||||||
| Trinity Centre - Land. | Estimated | value at | 1.1.1996 | 10,000 | 10,000 | |
| 10,000 | 10,000 | |||||
| Cost - Trinity Centre, | Wallington, | Surrey | 1,393,214 | |||
| 1,403,214 | 10,000 |
| FOR THE Y | EAR ENDED | 31st DECEMBER 2020 | 31st DECEMBER 2020 | 31st DECEMBER 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GENERAL | DESIGNATED | |||||||||||
| Church | Church | Trinity | Total | Total | Funds | |||||||
| Centre | Designated | General | Designated | |||||||||
| 2020 | 2020 | 2019 | 2019 | |||||||||
| E | E | E | ||||||||||
| Expenditure on Charitable |
activities | |||||||||||
| Grants 8 Gifts to Other | Organisations | 10,800 | 10,600 | |||||||||
| Donations made |
300 | |||||||||||
| Diocesan Quota | 82,400 | 82,000 | ||||||||||
| Staff housing | 400 | 1,960 | ||||||||||
| Staff expenses Director ofWomen 8 |
Family | Ministry | 1,123 20,222 |
1,939 19,668 |
||||||||
| Utilities | 12,224 | 44 | 44 | 13,269 | 3,251 | |||||||
| Insurance | 6,772 | 6,655 | ||||||||||
| Repairs and Maintenance | 11,933 | 6,867 | 47,922 | |||||||||
| Livestream Technology |
Costs | 7,826 | 7,826 | |||||||||
| Garden Maintenance | 1,425 | 1,250 | 150 | |||||||||
| Cleaner and Cleaning | Materials | 7,446 | 10,832 | 3,541 | ||||||||
| Waste Collection | 1,217 | |||||||||||
| Fees paid to Diocese | 2,075 | 2,310 | ||||||||||
| Salaries/Pension/NIC | Youth | Work | 34,166 | 29,003 | ||||||||
| Expenses/Training —Youth Youth /Sunday School |
Staff | 326 878 |
558 2,213 |
|||||||||
| Christians Against Poverty Exps |
1,755 | |||||||||||
| Staff Training | 440 | |||||||||||
| Music Licences/Equipment | 1,585 | 1,257 | ||||||||||
| Service Expenses | 847 | 1,314 | ||||||||||
| Literature Costs |
992 | 623 | ||||||||||
| Web Site 8 Marketing | 246 | 791 | ||||||||||
| Outreach | 437 | 1,200 | ||||||||||
| Bluebirds | 39 | 200 | ||||||||||
| General expenses | 984 | |||||||||||
| Trinity Centre costs -Salaries Pensions |
8 | NIC | 4,398 | |||||||||
| - Redundancy Costs |
9,770 | |||||||||||
| - Equipment - Printing Stationery |
and Office Services | 588 | 588 | 171 888 |
||||||||
| Lunch Club - Hall Rental | 2,000 | |||||||||||
| Lunch Club - Meal Costs | 875 | 190 | 5,187 | |||||||||
| 200,623 | 7,826 | 632 | 8,458 | 194,699 | 78,562 | |||||||
| Governance costs | ||||||||||||
| Church Operations |
Minister | 39,081 | 21,874 | |||||||||
| Church Administrator | 20,613 | 15,981 | ||||||||||
| Printing, Stationery |
and Office Services | 5,950 | 5,613 | |||||||||
| Accountancy Fees Professional Fees |
3,780 | 17,514 | 17,514 | 3,780 9,946 |
13,266 | |||||||
| Recruitment Expenses |
190 | |||||||||||
| General expenses | 3,314 | 2,740 | ||||||||||
| Vicar's Discretionary | Fund | 10 | 130 | |||||||||
| 72,748 | 17,514 | - | 17,514 | 60,254 | 13,266 | |||||||
| Expenditure on Charitable |
activities | 273,371 | 25,340 | 632 | 25,972 | 254,953 | 91,828 |
| FOR THE YEAR | ENDED 31s | t D | ECEMBER | 20 | 20 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| R | E S T |
R | I | C | T E |
D | |||||
| Building | Global | Total | Total | ||||||||
| Fund | Outreach | 2020 | 2019 | ||||||||
| f. | |||||||||||
| Income | |||||||||||
| Donations and Legacies |
|||||||||||
| Donations - Envelopes | 40 | 40 | 1,220 | ||||||||
| Donations - Standing Orders |
8,846 | 8,846 | 8,533 | ||||||||
| Other Donations | 388 | 388 | 3,025 | ||||||||
| Income Tax Refunds - Gift Aid | 2,013 | 2,013 | 2,728 | ||||||||
| 11,287 | 11,287 | 15,506 | |||||||||
| Other Voluntary Income |
|||||||||||
| Other income | |||||||||||
| Total Voluntary Income |
11,287 | 11,287 | 15,506 | ||||||||
| Other Trading Activities | |||||||||||
| Fund Raising | 38 | ||||||||||
| Other Income | |||||||||||
| Income from Investments | |||||||||||
| Deposit Interest | 230 | 230 | 418 | ||||||||
| Total Income and Endowments | 230 | 11,287 | 11,517 | 15,962 | |||||||
| Expenditure on Charitable |
Activities | ||||||||||
| Donations paid - Adopted |
Societies | 5,771 | 5,771 | 2,600 | |||||||
| Our Own | Missionaries | 10,393 | 10,393 | 9,259 | |||||||
| Other Societies | 605 | 605 | 480 | ||||||||
| 16,769 | 16,769 | 12,339 | |||||||||
| General | |||||||||||
| Depreciation - Freehold |
Buildings | 27,864 | 27,864 | 27,864 | |||||||
| Depreciation - Furniture |
and Equipment | 32,962 | |||||||||
| Expenditure on Charitable |
Activities | 27,864 | 16,769 | 44,633 | 73,165 | ||||||
| Net Income (Expenditure) | (27,634) | ( 5,482) | (33,116) | ( 57,203) | |||||||
| Fund Balance brought forward 1.1.2020 |
948,020 | 5,482 | 953,502 | 1,010,705 | |||||||
| Fund Balance carried forward 31.12.2020 | 920,386 | 920,386 | 953,502 |
| GENERAL | D | E S |
I | G | N | A | T | E D |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Church | Church | Trinity | Total | Total | ||||||||
| FIXEDASSETS | Centre | Designated | General | Designated | ||||||||
| 2020 | 2020 | 2019 | 2019 | |||||||||
| E | E | |||||||||||
| Freehold property |
10,000 | 10,000 | ||||||||||
| Furniture and equipment |
||||||||||||
| 10,000 | 10,000 | |||||||||||
| CURRENT ASSETS | ||||||||||||
| Income tax recoverable | 3,318 | 2,599 | ||||||||||
| Hire Fees Unpaid | 888 | 888 | 2,796 | |||||||||
| P repayments Due from General Fund |
1,737 | 17,757 | 17,757 | |||||||||
| Due from Trinity Centre | 16,972 | |||||||||||
| Due from Designated | Fund | 31,993 | ||||||||||
| Bank deposit accounts | 41,651 | 901,676 | 16,084 | 917,760 | 41,475 | 913,879 | ||||||
| Bank current accounts/ | cash | 13,346 | 2,629 | 2,629 | 37,071 | 36,953 | ||||||
| 109,017 | 922,062 | 16,972 | 939,034 | 81,145 | 953,628 | |||||||
| CREDITORS: | ||||||||||||
| within one year | ||||||||||||
| Due to Designated Fund |
17,757 | |||||||||||
| Due to General Fund |
31,993 | 16,972 | 48,965 | |||||||||
| Due to Global Outreach | 3,984 | |||||||||||
| Accruals | 4,370 | 5,363 | ||||||||||
| 22,127 | 31,993 | 16,972 | 48,965 | 9,347 | ||||||||
| NET CURRENT ASSETS | 86,890 | 890,069 | 890,069 | 71,798 | 953,628 | |||||||
| NET ASSETS | 96,890 | 890,069 | 890,069 | 71,798 | 963,628 | |||||||
| Funds | 86,890 | 890,069 | 890,069 | 71,798 | 953,628 | |||||||
| Property Revaluation |
Reserve bfwd | 10,000 | 10,000 | |||||||||
| Fund Balances | 96,890 | 890,069 | 890,069 | 71,798 | 963,628 |
| R | E | S | T | R | I | C | T E |
D | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Building | Global | Total | Total | |||||||||
| Fund | Outreach | 2020 | 2019 | |||||||||
| FIXEDASSETS | ||||||||||||
| Freehold property |
916,154 | 916,154 | 944,018 | |||||||||
| Furniture and equipment |
||||||||||||
| 916,154 | 916,154 | 944,018 | ||||||||||
| CURRENT ASSETS | ||||||||||||
| Income tax recoverable | 289 | |||||||||||
| Due from General | Fund | 3,984 | ||||||||||
| Bank deposit accounts | 40,092 | 40,092 | 54,861 | |||||||||
| Bank current accounts | 440 | 440 | 1,650 | |||||||||
| 40,532 | 40,532 | 60,784 | ||||||||||
| CREDITORS: | ||||||||||||
| within one year | ||||||||||||
| Developing World |
Project | 36,300 | 36,300 | 51,300 | ||||||||
| 36,300 | 36,300 | 51,300 | ||||||||||
| NET CURRENT ASSETS | 4,232 | 4,232 | 9,484 | |||||||||
| CREDITORS | ||||||||||||
| after more than one year | ||||||||||||
| NET ASSETS | 920,386 | 920,386 | 953,502 | |||||||||
| FUNDS | ||||||||||||
| Restricted | 920,386 | 920,386 | 953,502 |
| GENERAL | DESIGNATED | RESTRICTED | |||
|---|---|---|---|---|---|
| Trinity | Building | Total | |||
| Centre | Fund | 2020 | |||
| f. | |||||
| Freehold Land and Buildin s |
|||||
| Gross Book Value | |||||
| As at 31.12.2019 | 10,000 | 1,393,214 | 1,403,214 | ||
| Transfer from Designated | to General | 10,000 | ( 10,000) | ||
| As at 31.12.2020 | 10,000 | 1,393,214 | 1,403,214 | ||
| Depreciation | |||||
| As at31.12.2019 | 449,196 | 449,196 | |||
| Charge for year | 27,864 | 27,864 | |||
| As at 31.12.2020 | 477,060 | 477,060 | |||
| Net BookValue | |||||
| At 31.12.2020 | 10,000 | 916,154 | 926,154 | ||
| At 31.12.2019 | 10,000 | 944,018 | 954,018 | ||
| Furniture and E ui ment |
|||||
| Gross Book Value | |||||
| As at 31.12.2019 | 18,576 | 2,832 | 143,835 | 165,243 | |
| Transfer from Designated | to General | 2,832 | ( 2,832 | ||
| As at 31.12.2020 | 21,408 | 143,835 | 165,243 | ||
| Depreciation | |||||
| As at 31.12.2019 | 18,576 | 2,832 | 143,835 | 165,243 | |
| Transfer from Designated | to General | 2,832 | ( 2,832) | ||
| As at 31.12.2020 | 21,408 | 143,835 | 165,243 | ||
| Net BookValue | |||||
| At 31.12.2020 | |||||
| At 31.12.2019 |