Broadway Baptist Church, Chesham ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2020
Reference and Administrative Details
Registered Address
78 The Broadway, Chesham, Bucks, HP5 1EG
Charity Registration Number: 1139508
Trustees
The Revd L Webber (Minister) Mrs H Evans (Secretary) (until November 2020) Mrs L Roberts (Treasurer) Mr G Green Ms Sarah Lumby Mrs E VandenBrekel Mrs A Dwight (Secretary from November 2020) Mr D Frith Mr Nick Green
Property Trustees
Baptist Union Corporation Limited, Baptist House, 129 Broadway, Didcot, Oxfordshire, OX11 8RT
Bankers
HSBC Bank plc, 92 Sycamore Road, Amersham, HP6 5EW
Independent Examiner
Mrs J Dziegiel MA 239 Chartridge Lane Chesham Bucks HP5 2SF
1
Annual Report for 2020
The Trustees present their Annual Report and Financial Statements for 2020
Charitable Object
The Charity is governed by a Constitution which states that “The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.”
Structure, Governance Management
In order to facilitate registration with the Charity Commission, the Church adopted a new Constitution on 11 March 2010. The charity was registered with the Charity Commission in January 2011.
Members of the Church are accepted in accordance with the Constitution which normally requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ, but also accepts others on the basis of their public profession of faith in Jesus Christ. The Members’ Meeting normally takes place about four times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint up to nine Deacons, who together with the Minister are collectively known as the Diaconate and are the Charity’s Trustees. Two of the Deacons are appointed to be Treasurer and Secretary. The Diaconate is responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the Charity. The Diaconate meets monthly.
All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church Meeting by the Trustees for guidance, or may be raised by members in the Church Meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church Meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
Since April, due to the Covid-19 epidemic, the monthly deacons’ meetings have been held via Zoom. The Annual General Meeting was initially postponed and then cancelled by the diaconate for 2020 with the current diaconate remaining for another year. In June a protocol for ordinary church meetings by Zoom was agreed by the diaconate and a church meeting via zoom was held in July. In August a special church meeting was held to pass a resolution concerning the sale of the church flat. An ordinary church meeting was held in February, prior to Covid-19 restrictions being imposed.
Objectives and Activities (and provision of Public Benefit)
In order to achieve the principal objective which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.
Central to the work and witness of the Church is the provision of regular public services of Christian worship which, in normal times, take place each Sunday at 10.30am and on some Sunday evenings. These, along with occasional services held at other times are advertised on the church notice board, regular newsletters and the website (www.broadwaybaptist.org.uk). A crèche and a children’s and young people’s programmes are usually held during the morning services apart from when an All-Age service is held. Communion services are held on the third Sunday morning of each month. It is our privilege to hold Baptismal Services from time to time and to hold joint services with other churches as appropriate.
The Church seeks to be a friendly and welcoming communityand anybody is free to attend any of these services. The Church runs a series of small groups for the growth of faith and discipleship in the homes of some members, further details of these can be obtained from the Trustees on request, or at the Sunday services of worship. The Church is responsible for a Youth Group (Youth Alpha) which, when possible, meets in the church premises on a Friday evening, and a Toddler group (Chipmunks) which meets in the Church premises on Thursday mornings. These groups have the purpose of building links with and supporting the community as well as demonstrating the love of Jesus Christ. The Church also hosts a Boys’ Brigade Company (ages 5-11) and a Girls’ Brigade Company (ages 5–11) which runs on Friday evenings. Coffee mornings (Coffee Pot) are held each Tuesday, Friday and Saturday in the
2
Church Hall - these are greatly valued by many in the wider community and also those in the Church. A lunch club “Open Door” is held each Tuesday to provide lunch and an opportunity to chat for those in the town. There is a Fellowship Group which meets at 2.00 pm on the second and fourth Thursday of each month and is open to all those within the Church and also to those in the wider community. From time to time the Church will also run courses.
From June 2019 until pandemic restrictions forced closure, the church has run a Renew Wellbeing space which is available to the public on Wednesday mornings. This is run from the front of the church, based around the five ways to wellbeing, and set up on three simple principles: being present, being prayerful and being in partnership with the mental health team. Renew provides a space where it is ok not to be ok and as such has seen a few people coming in just to talk, to share a cup of coffee or to sit quietly.
The Church is pleased to be able to make its facilities available for hire by other local and national charitable organisations for events, including musical concerts, drama, the University of the Third Age, etc, all of which make good use of the Church’s facilities, which include the largest auditorium in the town.
Wycombe Homeless Connection had been running a fortnightly Legal Drop-In clinic from our premises since September 2019. This has sadly proved to be much needed within our community as numbers of clients continue to grow every month.
Due to the COVID epidemic and in line with Government regulations our church building was closed for all services, meetings and gatherings in March 2020. Since this date all our usual services of public worship have been held via Zoom with regular prayer and worship letters being delivered to those of the congregation who did not have access to these services.
All other activities of the church as described above were closed, and all of the organisations we welcomed into our building on a regular basis have been unable to use our premises since March.
In July, when the restrictions were lifted by the government the church opened for private prayer twice a week and several members of the public made use of this and seemed comforted by it. This was closed again after Christmas due to the third lockdown.
In November a new group supporting new mothers and their babies under the age of one year was started and proved to be much appreciated by the mothers. This too had to close due to government restrictions in December.
When it was felt safe to do so, Sunday morning services for a limited number of socially distanced people started and these services were also available via Zoom to the rest of congregation. These ended in December after advice from the Baptist Union for the safety of our congregation and the wider issues of lockdown.
During the year the Church has continued to support, with other members of Churches Together for Chesham, a Food Bank that is part of the Trussell Trust and aims to provide food to be supplied to families in emergency need.
The church has also continued in its involvement and support for the Community Fridge Project. This project runs from the church backyard and works to reduce food waste and provide free food for the community. The project has continued throughout 2020 with greatly increased numbers using this facility during the months of the pandemic as its economic consequences took effect.
The Church continues to operate systems to ensure that all people working with children and adults at risk are appropriately vetted with regard to the DBS.
The church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public, even during the pandemic, though to a smaller extent than it would wish. The church hopes that as the restrictions lessen throughout 2021 the church will be able to gradually reopen and be able to resume serving both its congregation and the wider population of Chesham.
Achievements and Performance
The Church does not measure the success of its programmes only in numbers, including financial numbers, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure. 2020 has been a difficult year in which due to Covid restrictions the church has had to accommodate new and different ways of remaining connected with members and the wider community.
3
In 2020 no members died and there were two new members, so at 31[st] December 2020 the membership stood at 87.
Our aim and vision remain unchanged. We aim to continue to make connections with our community and as soon as we are permitted to safely do so, to open the church buildings up more regularly for the community. To this end even with restrictions in place we have started a much-needed New Mum’s and Babies group, and also opened the church for private prayer, and in person services when permitted. We also held a family covid safe Christingle service before Christmas which was well received.
Our plans to make alterations to the front of the church building have progressed. We have appointed an architect who we continue to work with to develop our plans. These will make the front of the building more welcoming and accessible, enabling a far greater use of the whole building to the benefit of the local community. The changes include a ramp for disabled access to the church and the provision of toilets for the front area of the church.
Our regular services have remained well supported via Zoom, and we have also welcomed new people who have joined us for worship.
Financial Review
The Church continues to raise the funds which it needs to carry on its activities from within its own membership. No wider public appeal was made for funds during the year, though we did make use of the government’s furlough scheme by placing our cleaner on furlough, making up her salary to her previous level. £3,136 was received from furlough payments.
Income received in 2020 was £139,641 (2019 £165,700) which was £9,641 over the budget figure of £130,000. However, £22,285 of this was restricted donations to our Building Fund, £21,250 was transferred to the designated Building Fund and another £1,714 to other restricted and designated funds outside of our budget. Income for our budgeted expenditure was therefore £94,392, £35,608 below budget.
This is a sizeable shortfall. Although the regular monthly giving via Standing Order continued, money was lost from premises rental, cash from weekly collections and income from the various activities that stopped during 2020 like coffee-pot and open door.
Expenditure during the year totalled £103,804 (2019 £142,700) which was £26,196 under budget. However, £10,803 of this expenditure was from various restricted and designated funds so that the budgeted expenditure was £93,001.
This too is a sizeable, though welcome, shortfall in expenditure. The shortfall was mainly due to having our youth worker post vacant for the whole year, a saving of about £30,000, lower premises costs, and lower wages for our administrator who dropped her hours due to ill health.
The balance of income and expenditure of non-restricted/designated transactions was therefore a slight underspend of £1,391 (£94,392 - £93,001)
The church still has reasonable deposits. These have grown during 2020 as the long-held plans for alterations to the front of the church have advanced and a fund-raising day occurred. Money was given and pledges made. The boiler will need to be replaced during the next few years and a designated fund of £35,000 has been set aside for this. Our Youth worker designated fund held £20,000 at the beginning of the year and £24,500 was added to this from undesignated funds in December as our aim to appoint a youth and families worker remains a priority and it is clear from our income and expenditure that for at least the next two years this will not be able to be funded out of regular giving. Hopefully by the third year, income will have risen to pre-pandemic levels and the appointment will be paid out of regular funds.
Despite our income losses, Broadway expressed its part in the life of the wider church by making grants to local, national and international Christian organisations and societies with Christian aims and other charities with objectives compatible with the Church’s own charitable purpose. These mission payments totalled £22,174, 15.8% of our income (2019: £22,531, 14.2%).
The Church is heavily dependent on its membership working as volunteers in all aspects of the Church’s activities, many of which run with little or no impact on the church’s expenditure, but nevertheless contribute substantially to the
4
achievement of the Church’s objectives. We offer our deep heartfelt thanks to all who serve in this way their service is invaluable and is very much appreciated.
The financial results for the year are set out in the accompanying financial statements.
The Trustees have established a Reserves Policy of six months of the budgeted expenditure for the following year. However, our budget for 2021 has been set at £115,000, £15,000 less than 2020, to reflect the reality of our economic situation. A decision was made to keep the general fund reserve (excluding designated funds) at £65,000 as the church is going through unchartered waters and a larger reserve was thought prudent as our costs will rise throughout 2021 whilst our income may not.
The church is satisfied that we have sufficient reserves at the end of the year, together with ongoing income anticipated, to enable the Church to function effectively in the coming year.
The Trustees have made an assessment of the major risks facing the Church and are satisfied that there are policies in place to minimise these risks. The four major risks are:
-
The loss of income generally due to the pandemic – managed by having a higher reserves policy in 2021
-
The loss of several higher donors – managed by holding reserves
-
The destruction of the church building, e g by fire – managed by insurance.
-
Overspending on the planned building work.
The church is a participating employer within the Defined Benefit section of the Baptist Pension scheme and it has been making ongoing deficit payments of £302.62 monthly (£151.31 monthly from July to December – BU reduction due to COVID) to cover the costs of past service of its employees within the scheme under a recovery plan. The church understands that if it had left the scheme at the year end, it would have to have made a one-off payment estimated to be £35,700 to meet its statutory obligations to the scheme. The church has no plan to leave the scheme and expects to continue to make payments to the scheme in line with the recovery plan
Plans for future periods
For much of 2020 the church and therefore the majority of its activities closed. At the time of writing, restrictions continue and the building remains shut. As lockdown restrictions ease over the next 3 to 6 months we hope we will be able to reopen our church and its activities.
However, this gives us a chance to reflect and reassess the activities, aims and outreach of the church and how best we can serve our community. Some activities may not restart, whilst new opportunities, which have arisen because of the effects of the pandemic, could be started. Much prayer has and will continue to be carried out to discern the will of God for the future direction of our church.
Finances are challenging but, with prudence, we believe the financial basis of our church remains strong.
Approved by the Diaconate of Broadway Baptist Church on 27 May 2021 and signed on their behalf by
Rev Lou Webber, Minister
May 2021
5
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BROADWAY BAPTIST CHURCH
I report to the trustees on my examination of the accounts of Broadway Baptist Church (Charity number 113950)
for the year ended 31 December 2020, which are set out on pages 7 to 12.
Responsibilities and basis of report
As the charity trustees of Broadway Baptist Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of Broadway Baptist Church’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s qualified statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
The accounting records were not kept in respect of Broadway Baptist Church as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
However, it is possible that the accounts of the Chartridge Mission Church should be consolidated in to the accounts for Broadway Baptist Church. Although the documents pertaining to the relationship between Chartridge Mission Church and Broadway Baptist Church have been studied, there is some disparity between the documents and the relationship that exists in practice. Until this disparity is resolved, it remains unclear whether consolidation is required. For neither 2020 nor 2019 has it been possible to view either full year accounts or bank statements for Chartridge Mission Church. It is therefore not possible this year to state what the effect of consolidation of those accounts would be to the accounts on which I am reporting.
I have no other concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
May 2021
Mrs J Dziegiel MA 239 Chartridge Lane Chesham Buckinghamshire HP5 2SF
6
| 2019 Note Unrestricted funds Restricted funds TOTAL FUNDS Unrestricted funds Restricted funds TOTAL FUNDS £ £ £ £ £ £ Receipts 2 Voluntary donations 2a) 108,422 24,124 132,546 109,344 37,959 147,303 Other income 2b) 7,095 0 7,095 18,440 0 18,440 |
165,743 | 69,908 24,070 25,233 23,459 |
142,670 | 23,073 | 183,421 | 206,494 | |
|---|---|---|---|---|---|---|---|
| 37,959 | 0 0 3,215 2,004 |
5,219 | 32,740 | 23,868 | 56,608 | ||
| 127,784 | 69,908 24,070 22,018 21,455 |
137,451 | (9,667) | 159,553 | 149,886 | ||
| 139,641 | 41,514 33,009 7,106 22,174 |
103,803 | 35,838 | 206,494 | 242,332 | ||
| 24,124 | 0 9,039 320 994 |
10,353 | 13,771 | 56,608 | 70,379 | ||
| 115,517 | 41,514 23,970 6,786 21,180 |
93,450 | 22,067 | 149,886 | 171,953 | ||
| Total receipts Payments 3 Staff costs 3a) Property costs 3b) Other work of the church 3c) Mission payments 3d) |
Total payments Net of receipts/(payments) Cash funds at 1 January Cash funds at 31 December |
7
BROADWAY BAPTIST CHURCH
Statement of assets and liabilities at 31 December 2020
| Cash funds Current account Deposit account BU Deposit account CCLA account Skipton Building Society Octopus Flagstone Total cash funds Other monetary assets Gift Aid due Total other monetary assets Assets retained for the charity's own use Broadway Baptist church, hall & offices (Construction cost, 1901) Manse (Purchase cost, 2005) Flat (Purchase cost, 1996, & cost of lease extension, 2018) Mission church Chartridge (Valuation, 2009) Total assets retained for the Charity's own use Liabilities Pension fund deficit liability - due within one year Council Tax re Rose Court Total liabilities due within one year Pension fund deficit liability - due after one year Total liabilities due after one year |
Unrestricted funds £ 12,623.33 7,420.11 36,825.23 0.00 0.00 65,066.96 50,017.17 |
Note 4 |
Restricted funds £ 10,336.93 60,041.91 70,378.84 0.00 0.00 0.00 0.00 |
Total £ 12,623.33 7,420.11 47,162.16 0.00 60,041.91 65,066.96 50,017.17 242,331.64 7,856.64 7,856.64 6,970.00 292,000.00 54,205.00 150,000.00 503,175.00 3,631.00 774.00 4,405.00 16,341.00 16,341.00 |
2019 £ 6,413.64 34,386.54 47,006.75 34,108.44 84,578.53 |
|---|---|---|---|---|---|
| 171,952.80 | 206,493.90 | ||||
| 7,856.64 | 6,653.75 | ||||
| 7,856.64 | 6,653.75 | ||||
| 6,970.00 292,000.00 54,205.00 150,000.00 |
6,970.00 292,000.00 54,205.00 150,000.00 |
||||
| 503,175.00 | 503,175.00 | ||||
| 3,631.00 774.00 |
3,553.00 0.00 |
||||
| 4,405.00 | 3,553.00 | ||||
| 16,341.00 | 24,871.00 | ||||
| 16,341.00 | 0.00 | 16,341.00 | 24,871.00 |
- Based on the payments regarding the pensions defict at the current level of £303 per month. The deficit is projected to be repaid by June 2026.
Signed by two trustees on behalf of all trustees:
Rev Lou Webber - Minister
Lesley Roberts - Treasurer
Date May 2021
8
| 1 Accounting policies 1a) These accounts have been prepared on a receipts and payments basis and in accordance with applicable UK accounting standards and the Charities Act 2011 1b) Investment assets are valued at the market value at the year end date 1c) Assests retained for the charity's own use are valued as stated 2019 Unrestricted funds Restricted funds TOTAL FUNDS Unrestricted funds Restricted funds TOTAL FUNDS £ £ £ £ £ £ 2 Receipts 2a) Voluntary donations Regular giving including Gift Aided receipts 69,370 69,370 76,422 76,422 Income tax recovered on Gift Aided gifts 10,185 10,185 22,655 22,655 Other giving income 27,659 23,130 50,789 4,153 35,955 40,108 Cash from collections at services 1,208 1,208 6,114 6,114 Raised for Baptist causes: BMS world mission 712 712 886 886 Raised for non- Baptist causes: Christian causes Leprosy Mission 38 38 0 Maria Bond charity 244 244 0 Hamlin Fistula 0 170 170 Ashley Gibb 0 20 20 Other causes Chiltern Hills Bibles 0 928 928 |
147,303 | 1,294 12,212 4,618 316 0 |
18,440 | 165,743 | |
|---|---|---|---|---|---|
| 37,959 | 0 | 37,959 | |||
| 109,344 | 1,294 12,212 4,618 316 |
18,440 | 127,784 | ||
| 132,546 817 2,313 726 103 3,136 0 7,095 139,641 |
|||||
| 24,124 | 0 | 24,124 | |||
| 108,422 2b) Other income Investment income 817 Rent and contribution for use of premises 2,313 Other income for general church purposes Fund raising& regular events 726 Bookstall and sales of Bible notes 103 Government furlough payments 3,136 Sundry income 7,095 Total receipts 115,517 |
9
BROADWAY BNPMSTCHURCH Nott5 totht accounts lorthe yearended 31 Oecernlxr 2020 2019 Unre51rided Re5trirted fund5 funds TOTAL FUNDS Unreskncled fUS Restncted funds TOTNL FUNDS Paymnts al Staff ¢osts Salanes ol minister& staff Iinc. NIC} Pension fund cothbtions Visrang speakers Expenses of ministerial staff &Ifys1ti spÈaker8 58.030 10,932 198 748 5B.030 10 932 9,099 390 754 90¥J 754 748 89 908 3bl Prop•ry eosts Rurnni CO5 al Klpnse 8 fl ProTty repaIGeneral 4,W5 2,589 3,541 4,929 5,948 2.958 2.589 2,541 4.9?9 5,948 2.958 9.039 330 4.596 3,5 5.040 3,365 6.040 Ulilths Ckanin9 Rose Court sakempenses Bu11n9 proieci 9039 9039 23 970 24 070 24.070 3¢) Oth•r olth• ¢hur¢h YDuth & Chire1General YoLAh Apha mission 1.923 2.483 1.035 2.517 1,0 1,020 Pa0[al Olher church co otrice ewses TelEphone Coffee Pot cafe & Open Door outreach Outreach Costs of bookstall & 8iblenotes Sundry expenses 480 3,899 604 874 352 529 320 8W 3.899 604 874 252 529 1.497 927 2.115 1.492 372 937 2.175 1.492 372 620 25.233 620 3,215 8788 22D 22018 3d) M1s51on paym•nts Migsion- Baptigi tauaea BMS GeneralAccount Cawal BawistAssociion Spurgeons Mission. Non-Baptisi causes Chlan Eause5 Tearfund Bible SOcty Now Most Chrisiian SolaTWor&lknle HaTnlin Fiula Ethopia Restore Hope LeprosyMIsSIQ Open Doors 6,840 7,540 7.652 7,540 6.840 6.540 7ts) 7.726 6.540 700 700 7CK) 2W 3CM) 130 170 1.038 71X) London Crty MISS Ashky Gibb Betd UK htthuse anp Bond charty Fresh streams Secular Pheonix Performingms Chimern Hills- Bibles 480 210 4CM) 2N 244 244 75 75 928 92B Indmduals 3W 994 22.174 21.465 23.459 Ttstal paym•nts 93 450 10353 103,B03 5,219 142.670 io
BROADWAY BAPTIST CHURCH
Notes to the accounts for the year ended 31 December 2020
4 a Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| Building fund BMS Birthday gifts Children's work Spring Harvest fund Other missions |
1 January 2020 55,877.84 0.00 730.00 0.00 0.00 56,607.84 |
Receipts Payments 22,410.00 (9,039.00) 712.00 (712.00) 720.00 (320.00) 282.00 (282.00) 24,124.00 (10,353.00) |
31 December 2020 69,248.84 0.00 730.00 400.00 0.00 |
|
| 56,607.84 | 24,124.00 | (10,353.00) | 70,378.84 |
Notes on restricted funds
The Building Fund is held to fund building work on the church and future development of part of the Broadway Baptist church site.
BMS Birthday gifts are donated for the benefit of the Baptist Mission Society by members of the church to mark their birthdays.
The Children's work fund was donated in 2012 in memory of a church member.
The Spring Harvest fund is to assist members of the church to attend Spring Harvest.
Other missions are monies donated during the year for specific mission causes.
| 2019 Building fund BMS Birthday gifts Children's work Spring Harvest fund Other missions Gift for youth worker Youth coach trip Bibles for Chiltern Hills |
1 January 2019 21,577.84 0.00 1,270.00 1,020.00 0.00 0.00 0.00 0.00 23,867.84 |
Receipts Payments 34,300.00 0.00 836.00 (836.00) (540.00) (1,020.00) 240.00 (240.00) 620.00 (620.00) 1,035.00 (1,035.00) 928.00 (928.00) 37,959.00 (5,219.00) |
Receipts Payments 34,300.00 0.00 836.00 (836.00) (540.00) (1,020.00) 240.00 (240.00) 620.00 (620.00) 1,035.00 (1,035.00) 928.00 (928.00) 37,959.00 (5,219.00) |
31 December 2019 55,877.84 0.00 730.00 0.00 0.00 0.00 0.00 0.00 |
|---|---|---|---|---|
| 23,867.84 | 37,959.00 | (5,219.00) | 56,607.84 |
11
BROADWAY BAPTIST CHURCH
Notes to the accounts for the year ended 31 December 2020
4 b Designated funds
| Designated funds | |||||
|---|---|---|---|---|---|
| Minister's project Boiler Fund Minister's Education fund Youth Worker Fund Building Fund |
1 January 2020 Transfers between funds Transferred from General fund Payments 4,000.00 35,000.00 3,000.00 (450.00) 20,000.00 24,500.00 0.00 21,250.00 62,000.00 0.00 45,750.00 (450.00) |
31 December 2020 4,000.00 35,000.00 2,550.00 44,500.00 21,250.00 |
|||
| 62,000.00 | 0.00 | 45,750.00 | (450.00) | 107,300.00 |
Notes on designated funds
The Minister's project fund is to finance specific projects to be determined by the minister.
Boiler Fund is monies held for the replacement of the boiler in the church building.
The Minister's Education fund was set up to fund the Minister's further education, currently in the form of her undertaking Ignation Spiritual Exercises.
The Youth Worker fund is monies set aside to fund the employment of a youth worker for the church.
The Building Fund is monies set aside to fund building work on the church and the development of the church site. This money is in addition to the restricted funds held for this purpose, and the total held is £90,498.84.
| 2019 Minister's project Boiler Fund Masters Fund Youth Worker Fund |
1 January 2019 Transfers between funds Transferred from General fund Payments 31 December 2019 35,000.00 (30,000.00) (1,000.00) 4,000.00 27,000.00 8,000.00 35,000.00 3,000.00 3,000.00 20,000.00 20,000.00 |
1 January 2019 Transfers between funds Transferred from General fund Payments 31 December 2019 35,000.00 (30,000.00) (1,000.00) 4,000.00 27,000.00 8,000.00 35,000.00 3,000.00 3,000.00 20,000.00 20,000.00 |
1 January 2019 Transfers between funds Transferred from General fund Payments 31 December 2019 35,000.00 (30,000.00) (1,000.00) 4,000.00 27,000.00 8,000.00 35,000.00 3,000.00 3,000.00 20,000.00 20,000.00 |
1 January 2019 Transfers between funds Transferred from General fund Payments 31 December 2019 35,000.00 (30,000.00) (1,000.00) 4,000.00 27,000.00 8,000.00 35,000.00 3,000.00 3,000.00 20,000.00 20,000.00 |
1 January 2019 Transfers between funds Transferred from General fund Payments 31 December 2019 35,000.00 (30,000.00) (1,000.00) 4,000.00 27,000.00 8,000.00 35,000.00 3,000.00 3,000.00 20,000.00 20,000.00 |
1 January 2019 Transfers between funds Transferred from General fund Payments 31 December 2019 35,000.00 (30,000.00) (1,000.00) 4,000.00 27,000.00 8,000.00 35,000.00 3,000.00 3,000.00 20,000.00 20,000.00 |
|---|---|---|---|---|---|---|
| 35,000.00 | 0.00 | 28,000.00 | (1,000.00) | 62,000.00 |
5 Related party transactions and trustees remuneration
The following trustees & their related parties received salaries and fees totalling £32,197 (2019: £34,522) Rev L Webber £ 29,172 H Evans £ 3,025
In addition, Rev L Webber was provided with housing by the church, and pension contributions of £3,542 (2019: £3,474).
Seven trustees & their related parties were reimbursed expenses relating to their work for the church, totalling £2,863 (2019: Seven trustees, £5,131)
Donations were received from trustees & their related parties during the year totalling £47,266 (2019: £46,960)
12