2020-08-31-accounts - Open Heaven Church

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Charity Information
Report ofthe Trustees		2-4
Report ofthe Independent	Examiner
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements

					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds	2020	2019
				Note	E	E	6	6
Income
Income and endowments	from:
Donations and legacies					312,063		312,063	288,160
Charitable activities					33,680		33,680	51,680
Government grants					15,307		15,307
Investments (bank interest)					120		120	22
Other trading activities					33,654		33,654	70,659
Other								23,762
Total income					394,824		394,824	434,283
Expenditure on:
Cost ofgenerating voluntary		income
Charitable activities				7	386,013		386,013	431,827
Other - St Peter's Building	Management		Fund	8				23,657
Total expenditure					386,013		386,013	455,484
Net income					8,811		8,811	(21,201)
Reconciliation of funds
Balance at 1st September	2019				218,791	485,124	703,915	725,116
Total funds carried forward					227,602	485,124	712,726	703,915

Depreciation	Depreciation	Depreciation
Depreciation is provided on tanfpble fixed assets so as to write offthe			cost or valuation,	fess any estimated	residual
value, over their expected useful economic life as follows;
Fixtures,	fittings and equipment	33 1/3 N straight	line basis
Plant and	machinery-Other equipment	12.596straight line basis
Plant and	Machinery -Stage equipment	2096 straight line	basis
Plant and	Machinery - St Peter's Kitchen equipment	10Yostraight line	basis
Land and	buildings	Not depreciated

4	Income from charitable	Income from charitable	Income from charitable	activities
							f		f	E	f
							Unrestricted		Restricted	Total Funds	Total Funds
							Funds		Funds
										2020	2019
	ChristIan mission and		social action
	ignite course income							6,370		6,370	7,289
	Church events and other			income			27,310			27,310	44,391
							33,680			33,680	51,680
5	Other trading activities
	St Peter's cafe sales						33,654			33,654	64,913
	Rents receivable										5,746
										33,654	70,659
6	Other Income
											E
	Contributions to St Peter's			Building	Fund from	Elim					23,762
7	Details ofcharitable	activities
										Total Funds	Total Funds
					Direct		Caffr		Support	2020	2019
					costs f		E			f	f
	Employment costs				177,243		52,779			230,022	240,928
	Church activities				58,121					58,121	79,185
	Caff purchases						13,161			13,161	20,385
	Ignite course costs								6,592	6,592.	9,847
	Gifts and donations								26,456	26,456	19,180
	Establishment costs								16,846	16,846	31,728
	Repairs and maintenance						1,S81		96	1,677	3,386
	Office expenses								11,851	11,851	8,167
	Printing, postage and	stationery							1,648	1,648	3 127
	Subscriptions and donations								228	228	3,906
	ITcosts								2,153	2,153	2,294
	Travel and subsistence								7,436	7,436	4,131
	Advertising and promotion							650	3,051	3,701	1,547
	Bank charges							10	604	614	742
	Depreoation of tangible		fixed				1,296		2,993	4,289	2,326
	assets S»
	Independent Examiner's		Fees						1,218	1,218	948
					235,364		69,477		81,172	386,013	431,827

Net income	is stated aft	er c	harging.
					2020	2019
					6	f
Hire ofplant	and machinery		—operating	leases		1,190
Depreoation	oftangible	fixed assets			4,289	2,327

Fixed Assets
	Freehold		Plant and
	interest	In land	machinery
	and buildings		Induding
	(Including		motor	Fixtures,
	heritage	assets)	vehicles	fittings and
				equipment	Total
Cost
At 15eptember 2019	607,400		13,850	3,862	625,112
Additions			3	5		8 '
As at 31August2020	6	74	16850	1	6	01
Depreciation
At 1September 2019 Charge for the year As at 31August 2020			7,895 23 0 77	3,843 19 7 '750		11,738 89 6027
Net book value
As at 31August 2020			6 573	380	617774
As at 31August 2019	607400			19		74

13	Debtors
				2020	2019
					E
	Otherdebtors			3,618	1,160
	Prepayments	and accrued income		28,354	8,751
				8.87	8,87
14	Creditors: Amounts		falling due within one year
				2020	2019
					E
	Trade creditors			2,331	2,870
	Other creditors			706	3,176
	Accruala and deferred income			4,834	2,565
				7,87	8.

As at 31stAugust 2020 the charity h follows:	ad future minimum lease commi	tments as
		2020	2019
		E	E
Not later than 1year		1,190	1,190
Later than 1year and not later than	5 years	892	2,082
		2,082	3,272

				At 1							At31
			September		Incoming	Resources					Aligust
				2019	i'esoul'ces	Expended			Transfers		2020
				E			f		E		f
Designated Funds
Church Plant Fund				9,000			(2,400)				6,600
Generalfunds Unrestricted income fund 7 IU I dl		209,791 Id~			394,824		(383,613)				221,002 227 602
Restricted Funds
Shared Church Building		Project		485,124							485,124
Total Restricted funds			485 124 ~33313		37 3	~13					1!!71
Unrestncted funds are	used for any purpose deemed				suitable by the	charity	in pursuance		of its main objects,
including contributing	to any restricted			funds held by the charity.
Designated funds have	been put		aside	to fund church	plant from general funds.
Shared Church Bugdlng	Project -these			are incoming	resources restricted to		funding the	charities proportion			of
capital costsand operating		expenses concerning the			church property	share	agreement	in	respect ofSt	Peter'	s
Church, Loughborough	described		elsewhere In these		accounts,
Net assets by fund
					Unrestricted	Restricted			Total Funds	Total Funds
					Funds		Funds		2020		2019
					f		f		f
Tangible assets					132,650		485,124		617,774		613,374
Current assets					102,823				102,823		99 152
Creditors; Amounts falling		due within one year			(7,871)				(7,871)		(8,611)
Net assets					227,602		485,124		712,726		703,915