| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the Trustees |
|||
| Statement | of financial | activities | |
| Statement | offinancial | position | |
| Notes to the financial | statements |
| Year | ende | d 31August | 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| Unrestricted | Restricted | |||||||
| Note | funds f |
funds f |
Total funds f |
Total funds f |
||||
| Income and endowments | ||||||||
| Donations and legacies |
4 | 394,442 | 7,713 | 402,155 | 458,992 | |||
| Investment income |
5 | 13,781 | 190 | 13,971 | 21,990 | |||
| Other income | 6 | 14,788 | 14,788 | 740,379 | ||||
| Total income | 423,011 | 7,903 | 430,914 | 1,221,361 | ||||
| Expenditure | ||||||||
| Expenditure on charitable |
activities | 7,8 | 473,167 | 6,709 | 479,876 | 963,680 | ||
| Total expenditure | 473,167 | 6,709 | 479,876 | 963,680 | ||||
| Net gains on investments | 9 | (2) | (2) | 502 | ||||
| Net incomel(expenditure) | (50,158) | 1,194 | (48,964) | 258,183 | ||||
| Other recognised | gains | and | losses | |||||
| Gains/(losses) from |
revaluation | offixed | ||||||
| assets | (30,000) | |||||||
| Transfers between | funds | 12 | (12) | |||||
| Net movement in |
funds | (50,146) | 1,182 | (48,964) | 228,183 | |||
| Reconciliation of | funds | |||||||
| Total funds brought | forward | 3,012,866 | 24,838 | 3,037,704 | 2,809,521 | |||
| Total funds carried forward | 2,962,720 | 26,020 | 2,988,740 | 3,037,704 |
| 31August 202 | 0 | |||
|---|---|---|---|---|
| Note | 2020 f |
2019 f |
||
| Fixed assets | ||||
| Tangible fixed assets | 14 | 2,370,000 | 2,370,000 | |
| Current assets | ||||
| Debtors | 15 | 13,051 | 13,765 | |
| Investments | 16 | 386,260 | 480,849 | |
| Cash at bank and in | hand | 337,015 | 292,773 | |
| 736,326 | 787,387 | |||
| Creditors: amounts | falling due within one year | 17 | 117,586 | 119,683 |
| Net current assets | 618,740 | 667,704 | ||
| Total assets less current liabilities |
2,988,740 | 3,037,704 | ||
| Net assets | 2,988,740 | 3,037,704 | ||
| Funds ofthe charity | ||||
| Restricted income lunds |
26,020 | 24,838 | ||
| Unrestricted income funds |
2,962,720 | 3,012,866 | ||
| Total charity funds | 19 | 2,988,740 | 3,037,704 |
| Donations and l |
egacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds f |
Funds | 2020 f. |
|||
| Donations | |||||
| Assessments | 394,442 | 394,442 | |||
| Mission contribution | 4,810 | 4,810 | |||
| Funds to support | Presbyters | and Deacons | 1,265 | 1,265 | |
| Connection Property |
1,290 | 1,290 | |||
| Other donations | and legacies | ||||
| Bequests and donations | 348 | 348 | |||
| 394,442 | 7,713 | 402,155 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2019 | |||
| Donations | |||||
| Assessments | 451,297 | 451,297 | |||
| Mission contribution | 2,700 | 2,700 | |||
| Funds to support | Presbyters | and Deacons | 1,845 | 1,845 | |
| Property | 2,430 | 2,430 | |||
| Other donations | and legacies | ||||
| Bequests and donations | 720 | 720 | |||
| 451,297 | 7,695 | 458,992 |
| Unrestncted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds f |
Funds f |
2020 f |
||
| Bank interest receivable | 5,379 | 190 | 5,569 | |
| Rent received | 8,400 | 8,400 | ||
| Dividends | received | 2 | 2 | |
| 13,781 | 190 | 13,971 | ||
| Unrestricted | Restdcted | Total Funds | ||
| Funds f |
Funds | 2019 | ||
| Bank interest receivable | 1,654 | 11 | 1,665 | |
| Rent received | 20,102 | 20,102 | ||
| Dividends | received | 223 | 223 | |
| 21,979 | 21,990 |
| Other inco | me | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| 6 | 6 | ||||
| Sale of properly | 6 | 6 | |||
| Sprowston | Road | 3,329 | 3,329 | ||
| Spixworth | 926 | 926 | |||
| Horsford | 363 | 363 | |||
| Heartsease | 1,220 | 1,220 | |||
| Wymondham | Networker | 4,699 | 4,699 | ||
| Rosebery Road | 790 | 790 | |||
| Miscellaneous | income | 3,455 | 3,455 | ||
| 14,788 | 14,78& | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds f |
Funds 6 |
2019 F |
|||
| Sale of property | 695,541 | 695,541 | |||
| Sprowston | Road | 15,42'I | 15,421 | ||
| UEA Chaplaincy | 17,955 | 17,955 | |||
| Spixworth | 874 | 874 | |||
| Horsford | 559 | 559 | |||
| i-leartsease | |||||
| Wymondham | Nehrorker | 5,037 | 5,037 | ||
| Morley | 2,184 | 2,184 | |||
| Rosebery Road | 780 | 780 | |||
| Miscellaneous | income | 2,028 | 2,028 | ||
| 722,424 | 17,955 | 740,379 |
| Expenditu | re on chaditable activides |
by fund type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| 6 | ||||
| Charitable | activities | 99,714 | 99,714 | |
| Support costs | 373,453 | 6,709 | 380,162 | |
| 473,167 | 6,709 | 479,876 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds f |
Funds 6 |
2019 | ||
| Charitable | activities | 116,091 | 116,091 | |
| Support costs | 790,358 | 57,231 | 847,589 | |
| 57,231 | 963,680 |
| Activities | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | |||||||
| directly F |
of activities Support f |
costs f |
2020 | 2019 | ||||||
| Charitable activities |
14,237 | 85,477 | 339,877 | 439,591 | 619,278 | |||||
| Governance costs |
40,285 | 40,285 | 344,402 | |||||||
| 14,237 | 85,477 | 380,162 | 479,876 | 963,680 | ||||||
| 2020 f |
2019 f |
|||||||||
| Charitable activities |
||||||||||
| Trustees' remuneration |
140,889 | 218,064 | ||||||||
| Staff costs | 105,326 | 74,221 | ||||||||
| Property costs | 65,682 | 106,391 | ||||||||
| District assessments | 85,477 | 84,84'I | ||||||||
| Ministers' travel funds |
and Local Preacher's | expenses | 11,419 | 26,487 | ||||||
| Pulpit supplies | 2,818 | 4,763 | ||||||||
| Grants and donations | and collections for external | organisations | 11,209 | 15,910 | ||||||
| Telephone, postage, |
printing | and stationery | 4,576 | 3,320 | ||||||
| Quinquennial surveys |
5,308 | 3,602 | ||||||||
| Bowthorpe Road project costs | 49,975 | |||||||||
| Expenses, training and sundries |
6,887 | 33,182 | ||||||||
| TOTAL | 439,591 | 619,278 | ||||||||
| 2020 | 2019 | |||||||||
| 6 | F | |||||||||
| Governance costs | ||||||||||
| Independent Examiners fees |
(2020)/Audit fees (2019) | 1,500 | 3,600 | |||||||
| Accountancy fees | 900 | 900 | ||||||||
| TMCP administration | 959 | 115 | ||||||||
| District levy | 27,265 | 1,443 | ||||||||
| Levy on property sale | 2 | 338,200 | ||||||||
| Sundry | 9,679 | 144 | ||||||||
| TOTAL | 40,285 | 344,402 |
| Net gains | on | investmen | ts | ts | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestdcted | Total | Funds | Unrestricted | Restricted | Total Funds | ||||
| Funds | 2020 f |
Funds f |
Funds | 2019 f |
|||||
| Gains/(losses) | on listed | ||||||||
| investments | (2) | (2) | 35 | 467 | 502 | ||||
| Independent | Examiners | remuneration | |||||||
| 2020 F |
2019 f |
||||||||
| Fees payable | for the Independent | examination | ofthe financial | ||||||
| statements | (2019was audited} | 2400 |
| The total | staff costs and | employee | benefits for the reporting | period are analysed as | follows: |
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| 6 | |||||
| Wages and salaries Social security costs |
210,113 9,361 |
236,866 13,703 |
|||
| Employer | contributions | to pension | plans | 26,741 | 41,716 |
| 246,215 | 292,285 |
| people who incurred su | people who incurred su | ch expenses would be unnecessa |
dily time consuming. |
|
|---|---|---|---|---|
| The principal expenses |
paid were: | 2020 | 2019 | |
| 6 | 6 | |||
| Ministers' travel |
funds | 11,367 | 25,805 | |
| Local preachers' | expenses | |||
| 11,367 | 25,805 |
| Tangible fixed assets | |
|---|---|
| Freehold | |
| property | |
| 6 | |
| Cost | |
| At 1 September 2019 | 2,370,000 |
| Oispose le | |
| At 31August 2020 | 2,370,000 |
| Depreciation | |
| At 1 September 2019and 31August 2020 | |
| Carrying amount |
|
| At 31August 2020 | 2,370,000 |
| At 31 August 2019 | 2,370,000 |
| 15. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2a2o f |
2019 f |
|||||
| Prepayments | and | accrued income | 1,484 | 2,342 | ||
| Other debtors | 11,567 | 11,423 | ||||
| 13,051 | 13,765 | |||||
| 16. | Investments | |||||
| 2020 f |
2019 | |||||
| TMCP Circuit | Model Trust Fund Investment | 385,612 | 480,201 | |||
| TMCP Ivy Bernard | Fund | |||||
| TMCP Jessops Fund | 394 | 394 | ||||
| TMCP Sifts Funds | 254 | 254 | ||||
| 386,260 | 480,849 | |||||
| 17. | Creditors: amounts | failing due within one year | ||||
| 2020 f |
2019 | |||||
| Accruals and | deferred | income | 15,199 | 33,306 | ||
| Other creditors | 102,38? | 86,377 | ||||
| 117,586 | 119,683 |
| At 1 Sep | Gains and | At31 Aug | ||||
|---|---|---|---|---|---|---|
| 2019 f |
Income f |
Expenditure f |
Transfers | losses | 2020 f |
|
| General Fund | 2,492,632 | 419,369 | (374,938) | 12 | 2,537,075 | |
| Circuit Advance | ||||||
| Fund —Model | ||||||
| Trust Fund | 480,234 | 3,642 | (98,229) | (2) | 385,645 | |
| Revaluation | ||||||
| reserve | 40,000 | 40,000 | ||||
| 3,012,866 | 423,011 | (473,167) | 12 | (2) | 2,962,720 | |
| At1 Sep | Gains and | At 31 Aug | ||||
| 2018 | Income | Expendituref | Transfersf | losses f |
2019 | |
| General Fund | 2,626,057 | 498,999 | (632,220) | (204) | 2,492,632 | |
| Circuit Advance | ||||||
| Fund - Model | ||||||
| Trust Fund | 57,727 | 696,701 | (274,229) | 35 | 480,234 | |
| Revaluation | ||||||
| reserve | 70,000 | (Ba,ooo) | 4o,oao | |||
| 2,753,784 | 1,195,700 | (906,449) | (204) | (29,965) | 3,012,866 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| Ivy Bamard Fund Circuit Mission |
At 1 Sep 2019 f |
Income 6 1 |
Expenditure | Transfers f (1) |
Gains and losses 6 |
At 31Aug 2020 |
| Fund Connexional Fund Benevolent Fund Jessops and Gift |
23,222 967 |
4,988 2,555 348 |
(3,304) (2,555} (850) |
24,906 | ||
| Funds | 649 | (11) | ||||
| 24,838 | 7,903 | (6,709) | (12) | 26,032 | ||
| Ivy Barnard Fund UEA Chaplain Circuit Mission |
At 1 Sep 2018 6 26,108 (3,423) |
Income 23,905 13,500 |
Expenditure 6 (26,790) (14,531) |
Transfers 6 204 |
Gains and losses F 467 |
At31Aug 2019 6 |
| Fund Connexional Fund Benevolent Fund Jessops and Gift |
30,302 1,505 597 |
6,589 4,275 720 |
(9,780} (5,780) (350) |
23,222 | ||
| Funds | 648 | 1 | 649 | |||
| 55,737 | 25,661 | (57,231) | 204 | 467 | 24,838 |
| Analysis of | F | unds | by net asse | ts | ||
|---|---|---|---|---|---|---|
| Tangible | Net current | |||||
| Fixed assets f |
Investments f |
Assets f |
Total 2020 | |||
| General Fund |
2,330,000 | 207,075 | 2,537,075 | |||
| Circuit Advance | ||||||
| Fund - Model | ||||||
| Trust Fund | 385,611 | 34 | 385,645 | |||
| Revaluation | ||||||
| reserve | 40,000 | 40,000 | ||||
| Ivy Bernard | Fund | |||||
| UEA Chaplain | ||||||
| Circuit Mission | ||||||
| Fund | 24,906 | 24,906 | ||||
| Connexional | Fund | |||||
| Benevolent | Fund | 465 | 465 | |||
| Jessops and | Gift | |||||
| Funds | 649 | |||||
| 2,370,000 | 386,260 | 232,480 | 2,988,740 |
| Tangible | Net current | ||||
|---|---|---|---|---|---|
| Fixed assets | Investments | assets | Total 2019 f |
||
| General Fund | 2,330,000 | 162,632 | 2,492,632 | ||
| Circuit Advance | |||||
| Fund - Madel | |||||
| Trust Fund | 480,200 | 34 | 480,234 | ||
| Revaluation | |||||
| reserve | 40,000 | 40,000 | |||
| Ivy Bernard | Fund | ||||
| UEA Chaplain | |||||
| Circuit Mission | |||||
| Fund | 23,222 | 23,222 | |||
| Connexional | Fund | ||||
| Benevolent | Fund | 967 | 967 | ||
| Jessops and | Gift | ||||
| Funds | 649 | 649 | |||
| 2,370,000 | 480,849 | 186,855 | 3,037,704 |