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2021-08-31-accounts

Trustees’ Annual Report for the period 1 September 2020 – 31 August 2021 Registered charity number 1143773

263 Barry Road East Dulwich London SE22 0JT

OBJECTIVES AND ACTIVITIES

  1. The purpose of the Charity is to advance the Christian faith in the neighbourhood of East Dulwich and those who associate with it and benefit from its ministry.

  2. In achieving our purpose, we engage in a range of activities, either on our own or with others, including (but not restricted to):

  3. a. the celebration of public worship

  4. b. the teaching of the Christian faith

  5. c. mission and evangelism

  6. d. pastoral work, including visiting the sick and the bereaved

  7. e. the provision of facilities with a Christian ethos for the local community, including (but not restricted to) the elderly, the young and other groups with special needs

  8. f. the support of other charities in the UK and overseas

  9. Our mission statement is that:

We believe in God, as revealed through his Son, Jesus Christ, the Scriptures and the work of the Holy Spirit.

We exist to:

We are committed to:

REVIEW OF PROGRESS AND ACHIEVEMENTS

  1. 2020-21 was another challenging year in the life of our church, other churches and for people all over the world, as the COVID-19 pandemic continued. Further detail is provided under each heading below.

PUBLIC WORSHIP

  1. In 2020-21, the church was open for some periods of the year, with COVID-19 safety precautions in place, and closed for others, in line with government guidance and guidance from the Methodist Church and United Reformed Church. We reopened on 13 September 2020, closed on 8 November 2020, reopened on 6 December 2020, closed on 20 December 2020 and reopened on 23 May 2021.

  2. When the church was open, our COVID-19 safety precautions included shorter services (around 45 minutes), social distancing and hygiene measures. There was no communal singing, no Junior Church and no fellowship after worship. Not all church members felt able to return, or to return straight away, but there was a feeling amongst those who could attend church that it was nonetheless positive to be worshipping together, even if differently.

  3. The Southwark Methodist Circuit continued to provide weekly pre-recorded online church services, which could be viewed via a YouTube link. Each week, the online services featured different preachers and different church members from across the circuit. They provided a reassuring way to see familiar faces and to discover new ones. The services were enjoyed by many members of the congregation, but access was an issue as not everyone had a suitable device on which to watch and/or the means or support to access the links.

  4. In usual times, worship services are held every Sunday and on other Christian festivals, usually led either by an ordained minister or lay preacher. “All Age Worship” is held once per month - a more informal service designed for both children and adults. On other Sundays the children take part in their own Junior Church activities for part of the worship time.

  5. Services are advertised on notice boards, café tables and through the church website.

CHILDREN AND YOUNG PEOPLE

  1. Our Junior Church caters for children aged 5-12 and we also provide a crèche for under 5s.

  2. In normal times, Junior Church takes place on a weekly basis, apart from All Age Worship Sundays (once a month), when the children stay in church. The children remain in church for the first part of regular Sunday services (around 20 minutes), during which there is usually a children’s address.

263 Barry Rd. East Dulwich SE22 0JT

www.cced.org.uk

  1. In 2020-21 we didn’t run any Junior Church sessions at all due to the pandemic. Although the church was open for some periods during the year, we did not want to pose any unnecessary risks to our children and church community. We therefore decided not to re-start our Junior Church activities until things felt safer.

  2. Our young people were nonetheless involved in church life by

  3. attending Southwark Methodist circuit online services with their families and sometimes contributing to the service content e.g. by recording a reading or a prayer

  4. taking an active part in weekly worship, including being part of the bible reading rota

  5. Although Christ Church now only has a small number of young people who regularly attend our church, we continue to hugely value the part they play in our church life and consider the intergenerational aspect of our community to be special and strong.

Brownies

  1. The Brownies usually meet on term-time Friday evenings, but there have been no sessions since March 2020, the beginning of the first national lockdown.

  2. The Brownie group is usually very active and, prior to the pandemic, attendance numbers were good. The Brown Owl is supported by a rota of parent helpers and sometimes by former Brownies as part of their Duke of Edinburgh Award.

COMMUNITY

The Bread of Life Project

  1. The Bread of Life project exists to enable Christ Church - with other local churches and community groups - to develop further the sense of community in the local neighbourhood and to promote the vision of a fair trading system for the wider world community, campaign for a healthier local community, explore the possibility of meeting specific needs among those who are socially excluded and to demonstrate faith in action through the churches’ day to day practical outreach work.

The Bread of Life Café

  1. In usual times, the church’s “Bread of Life” café is open to the public on weekdays, providing a broad menu of reasonably-priced snacks and meals – including a popular Thursday pensioners lunch - and a place to meet friends. The café remains open during school holidays but with reduced hours. It also caters for various church events, such as funerals.

263 Barry Rd. East Dulwich SE22 0JT

www.cced.org.uk

  1. In usual times, the café is staffed by paid caterers and volunteer “deacons”. The deacons’ role is to welcome and chat to customers and to help clear up tables when needed. Most of the deacons are from the Christ Church congregation and so represent the church, bringing ministry and pastoral care to the wider community.

  2. Due to the pandemic, over 2020-21 the café was only open from September – October 2020 and from May – August 2021. Business was very quiet when it did reopen and much stock had to be disposed of prior to the September 2020 reopening. The café team showed enormous commitment at a very challenging time.

The Fair Trade Centre (FTC)

  1. In normal times, the FTC is open five and a half days a week and run by a part-time manager and a team of committed volunteers. The manager is partpaid, part-volunteer. 22. Following a period of closure due to the first COVID-19 national lockdown, the FTC reopened from September 2020, with reduced hours and in line with government guidance. There was a further period of closure, from December 2020 to May 2021. The FTC re-opened on 17 May 2021.

  2. A pickup service for regular customers was offered during the lockdown periods and the church continued to buy its cleaning supplies from the FTC. This helped to keep the FTC going.

  3. The FTC Manager was able to continue working during lockdown, both from home and at the FTC. The manager works six paid hours per week and further hours on a voluntary basis. Half of the FTC volunteers were able to help at the Centre over 2020-21 (7 out of 15).

  4. The FTC continued to promote fair trade to the church and community through its events and activities, working around the restrictions in place. Activities included:

a. participating in Fair Trade Fortnight (FFF). FFF aims to increase awareness of the global mission and philosophy of fair trade. This year’s theme was climate change and Christ Church took part by contributing to a special themed online service, creating a Fair Trade rap and donating to Traidcraft Exchange and Fairtrade Foundation

b. continuing to raise awareness through social media. It has an active Facebook page and is now on Instagram.

c. supporting campaigns. Two volunteers attended the London Fair Trade Steering Group meetings during the year on Zoom.

  1. The FTC continued to work with the public sector to promote Fair Trade. In 2020-21 this included two FTC volunteers attending the London Fair Trade Steering Group meetings on Zoom.

263 Barry Rd. East Dulwich SE22 0JT

www.cced.org.uk

  1. Both the FTC and Bread of Life Café teams, and especially their managers, showed enormous commitment and resilience during this challenging year.

USE OF BUILDINGS

  1. In usual times, the church buildings are used by two church congregations - Christ Church and Gateway Ministries – for services, meetings and other activities. They are also used by many community groups and individuals, hiring rooms for their own events and activities, both during the week and at weekends.

  2. During 2020-21, sadly the building had to be closed for several periods (see item 6), both for worship and for use by community groups, the Bread of Life Café and the Fair Trade Centre.

  3. A Risk Assessment Committee – made up of Elders, church members and the church’s Lettings Officer – continued to operate over the course of the year. They kept closely abreast of government safety guidance around COVID-19, and guidance from our denominational national bodies (the Methodist Church and URC). They made recommendations for when the church could reopen and when other groups (including the Café and Fair Trade Centre) could use the building, always operating in line with government guidance as a minimum.

  4. When the building was open, we welcomed community groups back into our spaces but only once they had provided an appropriate risk assessment and signed a written agreement around COVID-19 safety precautions to be observed. Some of our regular groups did return but others did not. All those who did had to make changes to the way their groups were run, and one group hired two rooms instead of one, in order to spread out.

  5. In line with guidance from the Methodist Church, basic building maintenance took place whilst the building was shut, such as running the water on a weekly basis to keep it clean and checking the central heating systems. Basic safety maintenance was also observed, including testing the fire extinguishers and the fire alarm system.

263 Barry Rd. East Dulwich SE22 0JT

www.cced.org.uk

STRUCTURE, GOVERNANCE AND MANAGEMENT

----- Start of picture text -----
Type of governing Constitution
document
How the charity is Unincorporated Association
constituted
Trustee selection methods Elected by Church Meeting, some ex-officio, some
co-option by Trustees
Additional governance Christ Church, East Dulwich is a Local Ecumenical
information Project comprising Emmanuel United Reformed
Church and Barry Road Methodist Church. The
Participating Denominations are The United
Reformed Church and The Methodist Church.
The Sponsoring Body is Churches Together in South
London.
The church is part of the Southwark and Deptford
Methodist Circuit and the United Reformed Church
Southern Synod.
Body entitled to appoint
Trustees at 31 August 2021 Office (if any)
trustee
Bendov Ansa-Otu Church Meeting
Christine Coxen Co-opted by Trustees
Lurleen Crichlow Church Meeting
Jennifer Dyer Church Meeting
Revd David Markay Minister Ex-officio
Sandra Mills-Lanquaye Church Meeting
Kim McCrossan Church Meeting
Elaine Scott Church Meeting
Revd Paul Weary Minister Ex-officio
----- End of picture text -----

FINANCIAL REVIEW

33.The reserves policy is to maintain general fund reserves at least equal to 6 months’ expenditure, which is approximately £26,000. Sources of funds are weekly offerings, tax recoveries, donations, lettings and grants and the sale of fairly-traded goods.

  1. Due to the impact of the pandemic, there was a shortfall of income to cover the day-to-day running costs of the church and general fund balances of £10,858 were used to support this shortfall. The General Fund balance at the end of the year was £16,551. A total of £2,500 was used from the FTC worker reserve to support employee costs. However, bequests and in memoriam donations totalling £15,500 were received, resulting in an overall increase in General and Designated Funds of £2,142. Bread of Life funds decreased by £711 and the value of Endowment Fund investments went up by £5,765.

263 Barry Rd. East Dulwich SE22 0JT

www.cced.org.uk

  1. At 31 August 2021 there are no funds in deficit. Although the general fund reserve falls below the recommended level, there is sufficient within designated funds to call on should this be necessary.

263 Barry Rd. East Dulwich SE22 0JT

www.cced.org.uk

DECLARATION

DECLARATION DECLARATION DECLARATION
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s)
Position(s)
Date		 Revd. David Markay
Minister
03.04.22		 Jennifer Dyer
Trustee

263 Barry Rd. East Dulwich SE22 0JT

www.cced.org.uk

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

Signed: __________ Date: Revd. David Markay (Minister)

Signed: __________ Date:

Christine Coxen (Church Treasurer)

Contents
Page
Examiners Report 3
Accounting Policies 4
Statement of Financial Activities 5
Balance Sheet 6
Statement of Assets and Liabilities 7
Fund Movement Summary 9
Analysis of Income and Expenditure
Incoming Resources 10
Resources Used 11
Collection and Payments to External Organisations 12

Page 2

Independent Examiner's Report on the Accounts

~~•~~

Report to the trustees/
members of
On accounts for the year
ended
Respective
responsibilities of
trustees and examiner		 ~~•~~
CHRIST CHURCH – EAST DULWICH
31st August 2021
Charity no (if any)
1143773
The charity's trustees consider that an audit is not required for this year
(under section 43(2) of the Charities Act 1993 (the Act)) and that an
independent examination is needed.
It is my responsibility to
•
examine the accounts (under section 43 of the Act),
•
to follow the procedures laid down in the General Directions given by the
Charity Commission (under section 43(7)(b) of the Act), and
Independent examiner's In the course of my examination, no matter has come to my attention
statement which gives me reasonable cause to believe that in, any material respect,
the trustees have not met the requirements to ensure that:
Signed:
Name:
Relevant professional
qualification(s) or body (if any):
Address:		 1. to which, in my opinion, attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
~~1~~
Date:
08/12/2021		 1. to which, in my opinion, attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
~~1~~
Date:
08/12/2021
08/12/2021
Robert A M Quaye M.Sc, FCCA CA (Gh)
ASSOCIATION OF CHARTERED CERTFIED ACCOUNTANTS
Robert Quaye & Associates
180 Chigwell Road
South Woodford
London, E18 1HA

Page 3

Statement of Accounts For the period from 1[st] September 2020 to 31[st] August 2021

ACCOUNTING POLICIES

Basis of preparation of accounts

The accounts are prepared in accordance with the historic cost convention and with applicable accounting standards and the Statement of Recommended Practice for charity accounts.

The accounts have been prepared on an ‘accruals’ basis.

It is not considered relevant to include a valuation for the Church land and buildings on the Balance Sheet. The building and its contents are insured for £6.4m.

Funds

The General Fund represents funds of the church that are not subject to any restrictions regarding their use and are available for application to the general purposes of the church.

Other funds of the church are either designated, where money has been earmarked for specific purposes, or restricted to be used for the purposes for which the money was given.

The Benevolence Fund is for special offerings which are used to make donations in cash or kind to individuals and relief agencies.

COVID-19

Finances continue to be affected by the coronavirus pandemic and covid safety restrictions. User groups have returned gradually with bookings being taking only from regular users. The Fair Trade Centre and the Bread of Life Café continue to feel the effects of the pandemic with users slow to return and neither returning to their pre pandemic levels.

Page 4

Statement of Financial Activities

For the period from 1[st] September 2020 to 31[st] August 2021

Unrestricted
Designated
Designated
Restricted		 Endowment Endowment Total Prior year
funds funds
funds		 funds funds total funds
Incoming resources
Incoming resources from generated funds
Voluntary income 32,070 33 249 — 32,352 19,461
Investment income 794 — — — 794 1,284
Lettings income 23,576 — — — 23,576 25,597
Grant income 828 — — — 828 —
Sundry income 2 — — — 2 241
Incoming resources from charitable activities — 7,216 — — 7,216 13,213
Total income 57,269 7,249 249 — 64,767 59,795
Resources used
Charitable activities
Circuit assessment or share 27,412 — — — 27,412 27,268
Grants and donations — — 150 — 150 642
Ministry 647 — 23 — 670 1,508
Other activities (local organisations) 104 — — — 104 457
Repairs and maintenance 10,998 2 — — 11,000 7,051
Insurance, utilities etc. 10,439 — — — 10,439 11,672
Church management and administration 3,027 94 — — 3,121 2,197
Stock — 4,947 — — 4,947 9,300
Other expenditure 5,418 — — — 5,418 5,357
Total expenditure 58,044 5,044 173 — 63,261 65,452
Net income / (expenditure) resources before transfer (775) 2,205 76 — 1,506 (5,657)
Transfers
Gross transfers between funds - in 5,500 16,500 — — 22,000 15,000
Gross transfers between funds - out (15,500) (6,500) — — (22,000) (15,000)
Other recognised gains / losses
Gains / losses on investment assets — — 5,765 5,765 (2,502)
Net movement in funds (10,775) 12,205 76 5,765 7,271 (8,159)
Reconciliation of funds
Total funds brought forward 30,970 44,087 406 45,130 120,593 128,753
Total funds carried forward 20,195 56,292 482 50,895 127,865 120,593

Page 5

Balance Sheet
As at 31st August 2021		 2020/21 2019/20

Fixed assets
Investments
Current assets
Stocks and work in progress
Debtors
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due in one year
Net current assets less current liabilities
Total assets less current liabilities
Total net assets less liabilities
Represented by
Unrestricted
Unrestricted - General fund
Unrestricted - Bread of Life unrestricted funds
Designated
Designated - Bequests and In Memoria 2021
Designated - Bread of Life Fair Trade Centre (trading)
Designated - Building Fund
Designated - Florence Hazel King Will Trust
Designated - FTC worker reserve
Designated - Church Kitchen Refurbishment
Designated - Childrens Work
Designated - Furniture and Equipment
Restricted
Restricted - Benevolence Fund
Endowment
Endowment - Emmanuel Saints Memorial Trust
Funds of the church		 50,896
50,896
3,635
9,917
64,957
78,509
1,540
76,969
127,865
127,865
16,551
3,645
15,500
1,524
16,622
14,543
500
394
956
6,252
482
50,896
127,865		 45,130
45,130
3,527
9,680
64,015
77,222
1,759
75,463
120,593
120,593
27,409
3,561
—
2,319
16,622
14,543
3,000
394
956
6,252
406
45,130
120,593

Page 6

Statement of assets and liabilities As at 31[st] August 2021

This year
Last year
Fixed assets
6430: Investments
Total Fixed assets
Current assets
6520: Sundry debtors
6521: Prepayments
6530: Methodist CFB deposit account
6531: URC deposit account
6540: Christ Church current account
6541: Development Fund current account
6542: FTC current account
6548: Cash Church
6549: Cash FTC
6550: Stock
Z05: Accounts Receivable
Total Current assets
Liabilities
6610: Sundry creditors
6611: Receipts in advance
6620: Loans due
6699: Agency collections
Z04: Accounts Payable
Total Liabilities
Net Asset surplus (deficit)
Reserves
Excess / (deficit) to date
Z01: Starting balances
Z02: Gains/(losses) on investment assets
Total Reserves		 50,896
45,130
50,896
45,130
—
—
6,100
7,558
55,242
55,468
630
630
6,765
4,485
1,439
1,357
756
1,736
0
253
124
87
3,635
3,527
3,817
2,122
78,509
77,222
—
—
566
448
—
—
6
46
968
1,265
1,540
1,759
127,865
120,593
1,506
(5,657)
120,593
128,753
5,765
(2,502)
127,865
120,593

Page 7

Statement of assets and liabilities As at 31[st] August 2021

This year
Last year		 This year
Last year
Represented by Funds
Unrestricted
20,195
30,970
Designated
56,292
44,087
Restricted
482
406
Endowment
50,895
45,130
Total
127,865
120,593

Page 8

Fund movement by type For the period from 1[st] September 2020 to 31[st] August 2021


 Opening Incoming Outgoing Transfers Gains/Losses Journal Closing
Entries
Unrestricted
General - General fund
27,409
57,269
52,627
(15,500)
—
—
16,551
BoLunres - Bread of
3,561
1
5,418
5,500
—
—
3,645
Life unrestricted funds
Sub-totals
30,970
57,269
58,044
(10,000)
—
—
20,195
Designated
Beq2021 - Bequests
—
—
—
15,500
—
—
15,500
and In Memoria 2021
Bldg - Building Fund
16,622
—
—
—
—
—
16,622
FHKing - Florence
14,543
—
—
—
—
—
14,543
Hazel King Will Trust
FTCres - FTC worker
3,000
—
—
(2,500)
—
—
500
reserve
Kitchen - Church
394
—
—
—
—
—
394
Kitchen Refurbishment
Children - Childrens
956
—
—
—
—
—
956
Work
FurEquip - Furniture
6,252
—
—
—
—
—
6,252
and Equipment
BoLFTCtrad - Bread of
2,319
7,249
5,044
(3,000)
—
—
1,524
Life Fair Trade Centre
(trading)
Sub-totals
44,087
7,249
5,044
10,000
—
—
56,292
Restricted
Ben - Benevolence
406
226
150
—
—
—
482
Fund
Sub-totals
406
226
150
—
—
—
482
Endowment
Saints Memorial Trust
Emman - Emmanuel
45,130
—
—
—
5,765
—
50,896
Sub-totals
45,130
—
—
—
5,765
—
50,896
Totals
120,593
64,745
63,238
—
5,765
—
127,865

Page 9

Analysis of income and expenditure For the period from 1[st] September 2020 to 31[st] August 2021

Total Total
Unrestricted
 Designated
 Restricted Endowment This year Last year
Incoming resources
Incoming resources from generated funds
1010 - Weekly offerings 13,719 — 226 — 13,945 15,127
1020 - Income tax refunds from gift aid 2,687 — — — 2,687 4,235
1030 - Donations (general) 20 33 23 — 76 100
1040 - Donations (in memoriam) 144 — — — 144 —
1050 - Bequests 15,500 — — — 15,500 —
1210 - Interest 794 — — — 794 1,284
1310 - Lettings 23,576 — — — 23,576 25,597
1410 - Grants 828 — — — 828 —
1510 - Photocopying other misc income 2 — — — 2 1
1550 - Costs recovered — — — — — 240
Incoming resources from 57,269 33 249 — 57,551 46,582
generated funds Totals
Incoming resources from charitable activities
1610 - FTC sales shop — 7,212 — — 7,212 11,952
1615 - FTC sales SR — — — — — 1,178
1620 - FTC sale of refreshments etc — 4 — — 4 83
Incoming resources from — 7,216 — — 7,216 13,213
charitable activities Totals
Incoming resources Grand 57,269 7,249 249 — 64,767 59,795
totals

Page 10

Analysis of income and expenditure For the period from 1[st] September 2020 to 31[st] August 2021

Total Total
Unrestricted
Designated
Restricted Endowment This year
Last year

Page 11

Collections for and payments to external organisations For the period from 1st September 2020 to 31st August 2021

2020/21 2019/20
Funds raised for external organisations
RNIB In memoriam donations 0 233
CTID Homeless Appeal In memoriam donations 0 233
Fair Trade Fortnight FTF fundraising 330 165
Southwark Day Centre for Asylum Seekers Christmas Gift Service 102 0
Traidcraft Exchange Fair Trade Centre fund raising 60 8
492 639
Funds passed to external organisations
RNIB In memoriam donations 0 233
CTID Homeless Appeal In memoriam donations 0 233
Traidcraft FTF event 165 83
Fair Trade Foundation FTF event 165 83
Southwark Day Centre for Asylum Seekers Christmas Gift Service 102 0
Traidcraft Exchange Fair Trade Centre fund raising 100 0
532 631
Traidcraft Exchange
2018/19
Traidcraft Exchange
2019/20
Traidcraft Exchange
2020/21		 Amount held at 31st
August
0
38
0
8
6
0
6
46

Page 12

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

Signed: __________ Date: Revd. David Markay (Minister)

Signed: __________ Date:

Christine Coxen (Church Treasurer)

Contents
Page
Examiners Report 3
Accounting Policies 4
Statement of Financial Activities 5
Balance Sheet 6
Statement of Assets and Liabilities 7
Fund Movement Summary 9
Analysis of Income and Expenditure
Incoming Resources 10
Resources Used 11
Collection and Payments to External Organisations 12

Page 2

Independent Examiner's Report on the Accounts

~~•~~

Report to the trustees/
members of
On accounts for the year
ended
Respective
responsibilities of
trustees and examiner		 ~~•~~
CHRIST CHURCH – EAST DULWICH
31st August 2021
Charity no (if any)
1143773
The charity's trustees consider that an audit is not required for this year
(under section 43(2) of the Charities Act 1993 (the Act)) and that an
independent examination is needed.
It is my responsibility to
•
examine the accounts (under section 43 of the Act),
•
to follow the procedures laid down in the General Directions given by the
Charity Commission (under section 43(7)(b) of the Act), and
Independent examiner's In the course of my examination, no matter has come to my attention
statement which gives me reasonable cause to believe that in, any material respect,
the trustees have not met the requirements to ensure that:
Signed:
Name:
Relevant professional
qualification(s) or body (if any):
Address:		 1. to which, in my opinion, attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
~~1~~
Date:
08/12/2021		 1. to which, in my opinion, attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
~~1~~
Date:
08/12/2021
08/12/2021
Robert A M Quaye M.Sc, FCCA CA (Gh)
ASSOCIATION OF CHARTERED CERTFIED ACCOUNTANTS
Robert Quaye & Associates
180 Chigwell Road
South Woodford
London, E18 1HA

Page 3

Statement of Accounts For the period from 1[st] September 2020 to 31[st] August 2021

ACCOUNTING POLICIES

Basis of preparation of accounts

The accounts are prepared in accordance with the historic cost convention and with applicable accounting standards and the Statement of Recommended Practice for charity accounts.

The accounts have been prepared on an ‘accruals’ basis.

It is not considered relevant to include a valuation for the Church land and buildings on the Balance Sheet. The building and its contents are insured for £6.4m.

Funds

The General Fund represents funds of the church that are not subject to any restrictions regarding their use and are available for application to the general purposes of the church.

Other funds of the church are either designated, where money has been earmarked for specific purposes, or restricted to be used for the purposes for which the money was given.

The Benevolence Fund is for special offerings which are used to make donations in cash or kind to individuals and relief agencies.

COVID-19

Finances continue to be affected by the coronavirus pandemic and covid safety restrictions. User groups have returned gradually with bookings being taking only from regular users. The Fair Trade Centre and the Bread of Life Café continue to feel the effects of the pandemic with users slow to return and neither returning to their pre pandemic levels.

Page 4

Statement of Financial Activities

For the period from 1[st] September 2020 to 31[st] August 2021

Unrestricted
Designated
Designated
Restricted		 Endowment Endowment Total Prior year
funds funds
funds		 funds funds total funds
Incoming resources
Incoming resources from generated funds
Voluntary income 32,070 33 249 — 32,352 19,461
Investment income 794 — — — 794 1,284
Lettings income 23,576 — — — 23,576 25,597
Grant income 828 — — — 828 —
Sundry income 2 — — — 2 241
Incoming resources from charitable activities — 7,216 — — 7,216 13,213
Total income 57,269 7,249 249 — 64,767 59,795
Resources used
Charitable activities
Circuit assessment or share 27,412 — — — 27,412 27,268
Grants and donations — — 150 — 150 642
Ministry 647 — 23 — 670 1,508
Other activities (local organisations) 104 — — — 104 457
Repairs and maintenance 10,998 2 — — 11,000 7,051
Insurance, utilities etc. 10,439 — — — 10,439 11,672
Church management and administration 3,027 94 — — 3,121 2,197
Stock — 4,947 — — 4,947 9,300
Other expenditure 5,418 — — — 5,418 5,357
Total expenditure 58,044 5,044 173 — 63,261 65,452
Net income / (expenditure) resources before transfer (775) 2,205 76 — 1,506 (5,657)
Transfers
Gross transfers between funds - in 5,500 16,500 — — 22,000 15,000
Gross transfers between funds - out (15,500) (6,500) — — (22,000) (15,000)
Other recognised gains / losses
Gains / losses on investment assets — — 5,765 5,765 (2,502)
Net movement in funds (10,775) 12,205 76 5,765 7,271 (8,159)
Reconciliation of funds
Total funds brought forward 30,970 44,087 406 45,130 120,593 128,753
Total funds carried forward 20,195 56,292 482 50,895 127,865 120,593

Page 5

Balance Sheet
As at 31st August 2021		 2020/21 2019/20

Fixed assets
Investments
Current assets
Stocks and work in progress
Debtors
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due in one year
Net current assets less current liabilities
Total assets less current liabilities
Total net assets less liabilities
Represented by
Unrestricted
Unrestricted - General fund
Unrestricted - Bread of Life unrestricted funds
Designated
Designated - Bequests and In Memoria 2021
Designated - Bread of Life Fair Trade Centre (trading)
Designated - Building Fund
Designated - Florence Hazel King Will Trust
Designated - FTC worker reserve
Designated - Church Kitchen Refurbishment
Designated - Childrens Work
Designated - Furniture and Equipment
Restricted
Restricted - Benevolence Fund
Endowment
Endowment - Emmanuel Saints Memorial Trust
Funds of the church		 50,896
50,896
3,635
9,917
64,957
78,509
1,540
76,969
127,865
127,865
16,551
3,645
15,500
1,524
16,622
14,543
500
394
956
6,252
482
50,896
127,865		 45,130
45,130
3,527
9,680
64,015
77,222
1,759
75,463
120,593
120,593
27,409
3,561
—
2,319
16,622
14,543
3,000
394
956
6,252
406
45,130
120,593

Page 6

Statement of assets and liabilities As at 31[st] August 2021

This year
Last year
Fixed assets
6430: Investments
Total Fixed assets
Current assets
6520: Sundry debtors
6521: Prepayments
6530: Methodist CFB deposit account
6531: URC deposit account
6540: Christ Church current account
6541: Development Fund current account
6542: FTC current account
6548: Cash Church
6549: Cash FTC
6550: Stock
Z05: Accounts Receivable
Total Current assets
Liabilities
6610: Sundry creditors
6611: Receipts in advance
6620: Loans due
6699: Agency collections
Z04: Accounts Payable
Total Liabilities
Net Asset surplus (deficit)
Reserves
Excess / (deficit) to date
Z01: Starting balances
Z02: Gains/(losses) on investment assets
Total Reserves		 50,896
45,130
50,896
45,130
—
—
6,100
7,558
55,242
55,468
630
630
6,765
4,485
1,439
1,357
756
1,736
0
253
124
87
3,635
3,527
3,817
2,122
78,509
77,222
—
—
566
448
—
—
6
46
968
1,265
1,540
1,759
127,865
120,593
1,506
(5,657)
120,593
128,753
5,765
(2,502)
127,865
120,593

Page 7

Statement of assets and liabilities As at 31[st] August 2021

This year
Last year		 This year
Last year
Represented by Funds
Unrestricted
20,195
30,970
Designated
56,292
44,087
Restricted
482
406
Endowment
50,895
45,130
Total
127,865
120,593

Page 8

Fund movement by type For the period from 1[st] September 2020 to 31[st] August 2021


 Opening Incoming Outgoing Transfers Gains/Losses Journal Closing
Entries
Unrestricted
General - General fund
27,409
57,269
52,627
(15,500)
—
—
16,551
BoLunres - Bread of
3,561
1
5,418
5,500
—
—
3,645
Life unrestricted funds
Sub-totals
30,970
57,269
58,044
(10,000)
—
—
20,195
Designated
Beq2021 - Bequests
—
—
—
15,500
—
—
15,500
and In Memoria 2021
Bldg - Building Fund
16,622
—
—
—
—
—
16,622
FHKing - Florence
14,543
—
—
—
—
—
14,543
Hazel King Will Trust
FTCres - FTC worker
3,000
—
—
(2,500)
—
—
500
reserve
Kitchen - Church
394
—
—
—
—
—
394
Kitchen Refurbishment
Children - Childrens
956
—
—
—
—
—
956
Work
FurEquip - Furniture
6,252
—
—
—
—
—
6,252
and Equipment
BoLFTCtrad - Bread of
2,319
7,249
5,044
(3,000)
—
—
1,524
Life Fair Trade Centre
(trading)
Sub-totals
44,087
7,249
5,044
10,000
—
—
56,292
Restricted
Ben - Benevolence
406
226
150
—
—
—
482
Fund
Sub-totals
406
226
150
—
—
—
482
Endowment
Saints Memorial Trust
Emman - Emmanuel
45,130
—
—
—
5,765
—
50,896
Sub-totals
45,130
—
—
—
5,765
—
50,896
Totals
120,593
64,745
63,238
—
5,765
—
127,865

Page 9

Analysis of income and expenditure For the period from 1[st] September 2020 to 31[st] August 2021

Total Total
Unrestricted
 Designated
 Restricted Endowment This year Last year
Incoming resources
Incoming resources from generated funds
1010 - Weekly offerings 13,719 — 226 — 13,945 15,127
1020 - Income tax refunds from gift aid 2,687 — — — 2,687 4,235
1030 - Donations (general) 20 33 23 — 76 100
1040 - Donations (in memoriam) 144 — — — 144 —
1050 - Bequests 15,500 — — — 15,500 —
1210 - Interest 794 — — — 794 1,284
1310 - Lettings 23,576 — — — 23,576 25,597
1410 - Grants 828 — — — 828 —
1510 - Photocopying other misc income 2 — — — 2 1
1550 - Costs recovered — — — — — 240
Incoming resources from 57,269 33 249 — 57,551 46,582
generated funds Totals
Incoming resources from charitable activities
1610 - FTC sales shop — 7,212 — — 7,212 11,952
1615 - FTC sales SR — — — — — 1,178
1620 - FTC sale of refreshments etc — 4 — — 4 83
Incoming resources from — 7,216 — — 7,216 13,213
charitable activities Totals
Incoming resources Grand 57,269 7,249 249 — 64,767 59,795
totals

Page 10

Analysis of income and expenditure For the period from 1[st] September 2020 to 31[st] August 2021

Total Total
Unrestricted
Designated
Restricted Endowment This year
Last year

Page 11

Collections for and payments to external organisations For the period from 1st September 2020 to 31st August 2021

2020/21 2019/20
Funds raised for external organisations
RNIB In memoriam donations 0 233
CTID Homeless Appeal In memoriam donations 0 233
Fair Trade Fortnight FTF fundraising 330 165
Southwark Day Centre for Asylum Seekers Christmas Gift Service 102 0
Traidcraft Exchange Fair Trade Centre fund raising 60 8
492 639
Funds passed to external organisations
RNIB In memoriam donations 0 233
CTID Homeless Appeal In memoriam donations 0 233
Traidcraft FTF event 165 83
Fair Trade Foundation FTF event 165 83
Southwark Day Centre for Asylum Seekers Christmas Gift Service 102 0
Traidcraft Exchange Fair Trade Centre fund raising 100 0
532 631
Traidcraft Exchange
2018/19
Traidcraft Exchange
2019/20
Traidcraft Exchange
2020/21		 Amount held at 31st
August
0
38
0
8
6
0
6
46

Page 12