TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
Registered Charity No. 1141725
HILLFIELDS CHURCH, COVENTRY
LEGAL AND ADMINISTRATIVE INFORMATION
Treasurer: Mr Daniel Field Office address: 18 Lower Ford Street Coventry CV1 5QJ Bankers: Yorkshire Bank Current Trustees: James Young Paul Watts Simon Hook Peter Cordle Daniel Field
CONTENTS
Trustees' report Independent examiner's report Statement of Financial Activities Balance Sheet Notes to the Accounts
TRUSTEES' REPORT
The Trustees present their report and accounts for the year ended 31 December 2020.
Structure, governance and management
Hillfields Church Coventry is an independent Baptist Church located in Lower Ford Street and Waterloo Street, Coventry. The Church was first registered as a charitable unincorporated association with the Church Constitution adopted on 3[rd] March 2011.
Trustees & Staffing
The Trustees who served during the year were:-
Pastor Paul Watts Pastor James Young Pastor Simon Hook Mr Peter Cordle Mr Daniel Field
The Trustees are the designated Officers of the Church as laid down in the constitution. These are the Elders, including the Pastors. A Pastor is one of the Elders whose gift in preaching, teaching and pastoral care has been recognised by the Church and has been appointed by the Church to exercise such a ministry.
During 2020 James Young and Simon Hook have served as full time pastors of the church. Paul Watts retired as a paid pastor during the year but continues as an elder. The Trustees are required by the constitution to meet at least twice in a twelve month period, but have met more frequently during the year to address specific issues. Any matter requiring a decision of the Trustees requires a simple majority of those present and voting at a properly convened meeting. In the event of an equality of votes the chairman of the meeting is entitled to a second or casting vote.
In addition to the work carried out by the Elders the church has a finance team led by our treasurer, Daniel Field. The work of the finance team includes producing an annual forecast of our estimated expenditure needs, collecting and allocating gifts to the church, reclaiming tax from HMRC on gift aided income, paying staff members, maintaining the financial accounts and distributing monies to those in need in accordance with the wishes of the Trustees.
Policies
Church policies are set by the Trustees. HCC currently has policies addressing the following:
Safeguarding of children, young people and vulnerable adults. Reserves Data protection Trustees’ conflict of interest Finance, including Investment, Internal control and paying staff Managing volunteers Risk management Disability
A Health and Safety policy is in process with a view to being fully implemented in 2022.
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Objectives and activities
The purposes of the Church are the advancement of the Christian faith in accordance with the Doctrinal Basis of Faith primarily but not exclusively within Coventry and the surrounding neighbourhood, and such other charitable purposes as shall, in the opinion of the members of the church in general meeting, further the work of the church. To this end our regular Sunday worship and biblical preaching ministry have been maintained with morning and evening services each Sunday open to members and all visitors, though these services were live-stream only for periods where this was required by law as a result of the COVID-19 pandemic. Access to the church worship services online has been a help to many listeners both in the UK and overseas.
We have maintained a comprehensive programme of teaching and activities for children, young people and students on Sundays and during the week to help them understand the Bible and the way in which its teaching should affect our lives. During the week the church has held regular meetings for prayer, Bible study and fellowship, generally either at the church or in small home groups on alternating weeks, as well as promoting informal contact between members and others for mutual help and encouragement. The COVID-19 pandemic meant that all activities had to cease “in person” for varying periods but most activities were continued online in some form.
Apart from specific meetings during the year for church members our meetings for worship, prayer, Bible study and fellowship are freely open to the public.
We have a number of church members and visitors with learning disabilities. They take an active part in the life of the church and we are grateful for the contributions which they make to our meetings for worship, fellowship, prayer and Bible study.
The church has been able to give financially in response to several UK and overseas needs which have arisen during the year and which have been brought to our attention. This has been done with the recommendation of the Trustees.
The church supports a number of missionaries in prayer and receives their prayer letters and emails. Missionaries are prayed for by individuals and also from time to time at the Church prayer meeting. The Church has been particularly supporting Alex and Mari Walker and their three children in Africa for a number of years. We also support David and Georgina Gray in their work of Bible translation and Scripture engagement.
During the year we began a major program of refurbishments at our Waterloo Street site with a complete renovation of the existing toilet facilities and addition of a new disabled toilet, funded by a generous grant of £26,800 from the Grace Baptist Trust Corporation.
Achievements and performance
We rely entirely upon God’s grace and power to produce lasting benefit from our activities. At the same time we encourage everyone in the church family to be involved in serving.
We are very grateful to God for the consistent and helpful biblical ministry from our pastors, other preachers from within the church and visiting preachers during the year. This has been a great help to many people, some of whom have understood their need of repentance and of putting their trust in the Lord Jesus Christ as their Saviour and Lord. We are very pleased to report that during 2020 we welcomed 11 new members into the church fellowship. 2 ceased membership, bringing the number to 225 at the end of the year.
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Financial review
The Church made a surplus for the year on its General Fund of £20,891. This is higher than forecast due primarily to a significant reduction in expenditure as a result of the limitations on activities caused by the pandemic. The Trustees consider the financial position at the year-end to be satisfactory. The Trustees review the level of reserves each year to ensure that it is sufficient for ongoing day to day purposes. A budget for 2021 has been set based on the Church's ongoing and projected activities and a small deficit is expected as a result of increasing the hours of our student worker Sophia Browne to 4.5 days per week and the exhaustion of the restricted fund which has paid Simon Hook’s salary up to the end of 2020. This deficit will be met from reserves carried forward. In setting the budget the Trustees have considered the possible impact of the economic climate on donations and they are satisfied that their assumptions are reasonable.
The main source of funds comes from donations. These funds enable the Trustees to fulfil their aims and objectives as stated above. It is the current policy of the Church that liquid reserves (freely available unrestricted funds which have not been designated for a specific use) should be maintained at a level equivalent to at least 10% of annual General Fund expenditure, excluding costs of activities which are recharged to service users. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to achieve an orderly change in the Church's current activities while consideration is given to ways in which additional funds may be raised. The level of General Fund liquid reserves at 31 December 2020 was just under £27,000, higher than that required by policy. However, the trustees believe this to be reasonable due to the planned additional expenditure over the next few years.
There are no restrictions on the Trustees to invest. The unrestricted and restricted funds may be invested in any type of investment. The investment strategy is reviewed annually.
Due to the Grace Baptist Trust Corporation grant mentioned above as well as giving from church members to our Virus Relief Fund, the Church’s income increased to over £250,000 in the year and the Financial Statements have therefore been prepared on an accruals basis and in line with the Charities SORP as required by the Charity Commission. We anticipate income will again exceed £250,000 in 2021 as a result of grants and gifts towards the Waterloo Street renovations but reduce below that level from 2022 when the first phase of renovation works should have been completed.
Plans for future periods
All our plans for the future are made in dependence on God. We are intending to continue our regular worship, Bible teaching ministry and prayer to give spiritual support to Church members and visitors. We are also hoping to develop further our evangelism with initiatives designed to engage with those who are not currently Christians, so that more people in Coventry and beyond, but in the local district of Hillfields in particular, are able to hear and understand and given an opportunity to respond to the message of the Christian gospel. To this end we are actively thinking through new opportunities for outreach, building relationships and providing practical support to the local community based particularly at the Waterloo Street site. We plan to continue the renovations to the Waterloo Street building to ensure it is suitable as a base for ministry.
We continue to seek as far as we can to meet the need for pastoral help and support for families, men and women in our fellowship which continues to increase as the church grows.
We hope to see the use of our buildings increase for both church ministries and as a resource for our local community; rooms are available for hire to external groups.
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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HILLFIELDS CHURCH COVENTRY I report on the accounts of the Church for the year ended 31 December 2020, which are set out on pages 6t08. Respertlve responsibilities of trustee5 and independent examiner The Church's trustees are responsible for the preparation of the accounts. The twstees consider that an audit is not required for this year (under section 44121 of the Charities Act 2011 Ithe 2011 Actll and that an independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the 2011 Art,. To follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145151 Ibl of the 2011 Act,. and To state whether particular matters have come to my attention. Basis of independent examlner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accountinB records kept by the charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given a5 to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's ststement The chariws gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England & Wales. I have completed my examination. I confirm that no material matters have come to my attention in connettion with the examination which give me cause to believe that, in any material respect the accounting records were not kept in accordance with section 130 of the Charfcies Att- or the accounts did not accord with the accounting 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 fairf view which is not a matter considered as part of an independent examination. I have no 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. D C S Cooke MA (Oxonl FCA FCIE David Cooke & Co 5 Briar Close Banbury OX16 9DS 12 October 2021
Statement of Financial Activities
for the year ended 31 December 2020
| Designated | Restricted | ||||
|---|---|---|---|---|---|
| General Fund | funds | income funds | Total this year | Total last year | |
| £ | £ | £ | £ | ||
| Incoming resources (Note 3) | |||||
| Income from | |||||
| Donations and legacies | 175,557 | - | 82,073 | 257,630 | 206,347 |
| Charitable activities | 5,159 | - | - | 5,159 | 14,457 |
| Investments | - | - | - | - | 12 |
| Total incoming resources | 180,716 | - | 82,073 | 262,789 | 220,816 |
| Resources expended (Notes 4-7) | |||||
| Charitable activities | 159,825 | 11,683 | 93,567 | 265,075 | 226,890 |
| Total resources expended | 159,825 | 11,683 | 93,567 | 265,075 | 226,890 |
| Net income/(expenditure) | 20,891 | (11,683) | (11,494) | (2,286) | (6,074) |
| Transfers between funds | (23,000) | 23,000 | - | - | - |
| Net movement in funds | (2,109) | 11,317 | (11,494) | (2,286) | (6,074) |
| Total funds brought forward | 53,514 | 86,591 | 56,181 | 196,286 | 202,360 |
| Total funds carried forward | 51,405 | 97,908 | 44,687 | 194,000 | 196,286 |
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| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | funds | income funds | Totalthisyear | Totallastyear | ||||
| £ | £ | £ | £ | |||||
| Fixed assets | ||||||||
| Tangibleassets | 10 | 24,644 | 24,644 | 29,226 | ||||
| Total fixedassets | 24,644 | 24,644 | 29,226 | |||||
| Currentassets | ||||||||
| Debtors | 8 | 7,614 | 597 | 8,211 | 10,728 | |||
| Cashatbank and inhand | 120,254 | 44,090 | 164,344 | 159,912 | ||||
| Total currentassets | 127,868 | 44,687 | 172,555 | 170,640 | ||||
| Creditors: l:lmounts fallingduewithin | ||||||||
| oneyear | 9 | 3,199 | 3,199 | 3,580 | ||||
| Net current assets/(liabilities) | 124,669 | 44,687 | 169,356 | 167,060 | ||||
| Totalassetslesscurrent liabilities | 149,313 | 44,687 | 194,000 | 196,286 | ||||
| Netassets | 149,313 | 44,687 | 194,000 | 196,286 | ||||
| FundsoftheCharity | ||||||||
| General Fund | 11 | 51,405 | 51,405 | 53,514 | ||||
| Designated Funds | 11 | 97,908 | 97,908 | 86,591 | ||||
| Restricted incomefunds | 12 | 44,687 | 44,687 | 56,181 | ||||
| I | Tota/funds | 149,313 | 44,687 | 194,000 | 196,286 |
Notes to the accounts
Note 1 Basis of preparation
1.1 Basis of accounting
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
Hillfields Church Coventry meets the definition of a public benefit entity under FRS102.
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
1.2 Change in basis of accounting
Due to income exceeding £250,000 in the year, these accounts are prepared on the accruals basis. In previous years accounts have been prepared on a receipts and payments basis. As a result, all comparative prior year figures have been restated.
Note 2 Accounting policies
2.1 Reconciliation with Receipts & Payments basis
Reconciliation of funds per Receipts & Payments basis to funds determined under FRS 102
| 31-Dec-19 | |
|---|---|
| £ | |
| Prior period fund balances as | |
| previously stated | 159,912 |
| Adjustments: | |
| Debtors | 10,728 |
| Creditors | (3,580) |
| Fixed Asset Net Book Value | 29,226 |
| Prior period fund balances as restated | 196,286 |
Reconcilation of net income/expenditure per Receipts & Payments basis to net income/(net expenditure) under FRS 102
| £ | |
|---|---|
| Prior period net expenditure as previously | |
| stated | (18,689) |
| Adjustments: | |
| Unclaimed Gift Aid | 2,761 |
| Expenses paid in year relating to other periods | 6,962 |
| Expenses paid on other years relating to 2019 | (6,871) |
| Purchase of fixed assets | 16,213 |
| Depreciation | (6,450) |
| Prior period net expenditure as restated | (6,074) |
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Notes to the accounts (cont.)
2.2 Income
Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when: resources · the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and · the monetary value can be measured with sufficient reliability. Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met. Tax reclaims on donations Gift Aid receivable is included in income when there is a valid declaration from the donor. and gifts Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest, This is included in the accounts when receipt is probable and the amount receivable can be royalties and dividends measured reliably.
2.3 Expenditure & Liabilities
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Grants payable without These are only recognised in the accounts when a commitment has been made and there are performance conditions no conditions to be met relating to the grant which remain in the control of the charity.
2.4 Assets
Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least £400. They use by charity are valued at cost or a reasonable value on receipt. Assets are depreciated on a straight line basis over their useful life as follows: - Electronic equipment - 5 years - Furniture, fixtures and fittings - 10 years
- Motor vehicles - 10 years
Note 3 Analysis of income
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | income funds | Total funds | Prior year | ||
| Analysis | £ | £ | £ | £ | |
| Donations and legacies | Donations | 146,761 | 49,436 | 196,197 | 170,877 |
| Legacies | - | - | - | 4,000 | |
| Gift Aid | 28,796 | 5,837 | 34,633 | 31,470 | |
| Grants | - | 26,800 | 26,800 | - | |
| **Total ** | 175,557 | 82,073 | 257,630 | 206,347 | |
| Charitable activities | Event & activity | 2,653 | - | 2,653 | 8,413 |
| Café sales | 1,756 | - | 1,756 | 3,599 | |
| Rent receivable | 750 | - | 750 | 2,445 | |
| **Total ** | 5,159 | - | 5,159 | 14,457 | |
| Investment income | |||||
| Interest receivable | - | - | - | 12 | |
| Total | - | - | - | 12 | |
| 180,716 | 82,073 | 262,789 | 220,816 |
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Notes to the accounts (cont)
Note 4 Analysis of resources expended
| Restricted | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | income | ||||
| funds | funds | funds | Total funds | Prior year | ||
| Analysis | £ | £ | £ | £ | £ | |
| Charitable | Officeholder and employee- | |||||
| activities | related costs | 96,577 | - | 29,385 | 125,962 | 105,131 |
| Payments to | ||||||
| preachers/speakers | 999 | - | - | 999 | 2,077 | |
| Gifts and financial support | ||||||
| given | 22,961 | - | 23,942 | 46,903 | 43,508 | |
| Children's and youth ministry | 814 | - | 120 | 934 | 8,089 | |
| 18-30s ministry | 343 | - | - | 343 | 2,749 | |
| Church holiday and other | ||||||
| events | 715 | - | - | 715 | 2,297 | |
| Café costs | 769 | - | - | 769 | 2,243 | |
| Other activities | 707 | - | - | 707 | 2,693 | |
| Training and conferences | 1,300 | 11,683 | 9,010 | 21,993 | 15,538 | |
| Equipment and resources | 2,605 | - | - | 2,605 | 4,246 | |
| Utilities, rates and insurance | 15,026 | - | - | 15,026 | 15,205 | |
| Minibus expenses | 1,499 | - | - | 1,499 | 3,376 | |
| Repairs and maintenance | 4,148 | - | 31,110 | 35,258 | 3,807 | |
| Licences and other fees | 2,789 | - | - | 2,789 | 3,385 | |
| Printing & copying | 1,327 | - | - | 1,327 | 1,372 | |
| Consumables and sundry | ||||||
| expenses | 1,784 | - | - | 1,784 | 2,919 | |
| Depreciation | 5,062 | - | - | 5,062 | 6,450 | |
| Legal & accountancy fees | 400 | - | - | 400 | 1,807 | |
| **Total ** | 159,825 | 11,683 | 93,567 | 265,075 | 226,890 |
Note 5 Details of certain items of expenditure
5.1 Fees for examination or audit of the accounts
£400 is due to the independent examiner (2019: £350) for the examination of the accounts and £nil for other services (2019: £nil).
Note 6 Paid employees
6.1 Staff Costs
| This year | Last year | |
|---|---|---|
| £ | £ | |
Salaries and wages |
85,134 | 77,192 |
Employer’s National Insurance costs |
1,633 | 1,025 |
Pension costs (defined contribution scheme) |
11,740 | 10,181 |
Other benefits |
27,455 | 13,941 |
Total staff costs |
125,962 | 102,339 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
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Notes to the accounts (cont)
| 6.2 | Average | head | count | in | the | year | This year Number |
Last year Number |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charitable Activities | 7.5 | 7 | |||||||||
| Total | 7.5 | 7 |
6.3 Pensions
The charity operates a defined contribution benefit scheme and contributes to NEST or an alternative scheme of the staff members' choice.
Note 7 Grantmaking
7.1 Analysis of grants paid (included in cost of charitable activities)
| Grants to institutions | Grants to individuals | |
|---|---|---|
| Purpose for which grants made | Total amount £ | Total amount £ |
| Support of missionary workers | 13,580 | 3,620 |
| Overseas charitable projects | 8,796 | - |
| Gifts to UK churches and Christian charities | 3,107 | - |
| Bible College study | - | 12,690 |
| Support for student ministry | 580 | - |
| Support for individuals in need | 200 | 10,579 |
| Total this year | 26,263 | 26,889 |
| Total last year | 30,837 | 13,152 |
There were no costs incurred in grantmaking (2019: £nil).
7.2 Grants made to institutions
| Names of institutions | Purpose | Total amount of grants paid £ |
|---|---|---|
| Reach Beyond | Missionary Support | 10,000 |
| MediAfrique, Togo | Charity Project | 6,615 |
| Wycliffe Bible Translators | Missionary Support | 3,000 |
| King of Kings Church, South Africa | Charity Project | 2,181 |
| Willenhall Free Church | General Activities |
2,017 |
| Gifts of £1,000 or less to 11 organisations | 2,450 | |
| Total grants to institutions | 26,263 |
Note 8 Debtors and prepayments
Analysis of debtors
| Analysis of debtors | ||
|---|---|---|
| This year | Last year | |
| £ | £ | |
| Income Tax recoverable | 4,222 5,857 | |
| Prepayments | 3,989 4,871 | |
| **Total ** | 8,211 10,728 |
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Notes to the accounts (cont)
Note 9 Creditors and accruals
Analysis of creditors
| Analysis of creditors | ||
|---|---|---|
| Amounts | falling due within one year | |
| This year Last year |
||
| £ | £ | |
| Social Security and Other Taxation | 1,492 1,762 | |
| Accruals | 1,707 1,818 | |
| **Total ** | 3,199 3,580 |
Note 10 Tangible fixed assets
| Fixtures, fittings | Motor vehicles | Total | |
|---|---|---|---|
| and equipment | |||
| £ | £ | ||
| 10.1 Cost or valuation | |||
| Balance brought forward | 51,158 | 16,320 | 67,478 |
| Additions | 480 | - | 480 |
| Disposals | - | - | - |
| Balance carried forward | 51,638 | 16,320 | 67,958 |
| 10.2 Accumulated depreciation and impairment provisions | |||
| Balance brought forward | 27,644 | 10,608 | 38,252 |
| Depreciation charge for year | 3,430 | 1,632 | 5,062 |
| Disposals | - | - | - |
| Balance carried forward | 31,074 | 12,240 | 43,314 |
| 10.3 Net book value | |||
| Brought forward | 23,514 | 5,712 | 29,226 |
| Carried forward | 20,564 | 4,080 | 24,644 |
Note 11 Unrestricted and designated funds
| Fund balances | Incoming | Outgoing | Fund balances | ||
|---|---|---|---|---|---|
| brought forward | resources | resources | Transfers | carried forward | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Fund | 53,514 | 180,716 | (159,825) | (23,000) | 51,405 |
| Designated funds | |||||
| Building Fund | 31,538 | - | - | - | 31,538 |
| Ministry Fund | 43,935 | - | (11,683) | 21,000 | 53,252 |
| Minibus Replacement Fund | 11,118 | - | - | 2,000 | 13,118 |
| Total Funds | 140,105 | 180,716 | (171,508) | - | 149,313 |
The designated Building Fund is money set aside by the church from existing funds towards the cost of renovation work at the Waterloo Street site.
The Ministry fund is designated by the church to be put towards the costs of employing an additional worker should the church be unable to cover the full cost from regular income in the short term, as well as funding ministry training costs.
11.3 Transfers between funds
From Fund (Name) General Fund General Fund
| To Fund (Name) | Reason | Amount |
|---|---|---|
| Ministry Fund | Allocate 2020 surplus | 21,000 |
| Minibus Replacement Fund | Allocate 2020 surplus | 2,000 |
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Notes to the accounts (cont)
Note 12 Endowment and restricted income funds
12.1 Funds held
The church holds no endowment funds. The following are the restricted income funds held by the church:
Fund Name
Building Fund Pastor Fund Virus Relief Fund Special Collections Ministry Fund Specific Ministries Help Fund Hope4Babies Overseas Workers Support Short Term Mission Fund Church Holiday Support Fund
Purpose and Restrictions
To fund the church building project. To fund the stipend of a pastor. To support those in the congregation in financial need as a result of COVID-19. To assist selected organisations and individuals. To fund church worker costs and ministry training. Gifts given for specific ministries of the church. Ad hoc assistance to individuals in need. In support of the Hope4Babies project in South Africa. Support for individual Christian workers overseas To support short term mission opportunities for church members. To assist individuals in paying church holiday charges.
12.2 Movements of funds
| Fund balances | Incoming | Outgoing | Fund balances | ||
|---|---|---|---|---|---|
| brought forward | resources | resources | Transfers | carried forward | |
| Fund names | £ | £ | £ | £ | £ |
| Building Fund | 8,692 | 35,067 | (31,110) | - | 12,649 |
| Pastor Fund | 30,931 | - | (29,385) | - | 1,546 |
| Virus Relief Fund | 21,512 | (4,534) | - | 16,978 | |
| Special Collections | 6,044 | 9,160 | (15,101) | - | 103 |
| Ministry Fund | 47 | 9,051 | (9,011) | - | 87 |
| Specific Ministries | 3,898 | 973 | (120) | - | 4,751 |
| Help Fund | 2,780 | 1,625 | (175) | - | 4,230 |
| Hope4Babies | (16) | 2,410 | (2,181) | - | 213 |
| Overseas Workers Support | 342 | 1,650 | (1,950) | 42 | |
| Short Term Mission Fund | 3,144 | - | - | - | 3,144 |
| Church Holiday Support Fund | 319 | 625 | - | - | 944 |
| Total Funds | 56,181 | 82,073 | (93,567) | - | 44,687 |
Note 13 Transactions with trustees and related parties
13.1 Trustee remuneration and benefits
As permitted by the church constitution,trustees James Young, Simon Hook and Paul Watts received remuneration in their capacity as Pastors. In total this remuneration was as follows:
| This year | Last year | |
|---|---|---|
| £ | £ | |
| Stipends | 34,121 | 35,666 |
| Pension costs | 9,640 | 8,054 |
| Accommodation | 27,455 | 13,941 |
| Total costs | 71,216 | 57,661 |
13.2 Trustee expenses
None of the Trustees were paid or reimbursed for expenses relating to their services as trustees during the year. (2019:none).
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