##
##
##
||||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|
##