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|ontents|||
|---|---|---|
|Pa e|||
||Information||
|4to9|Trustees'
Annual
Report||
|10|Independent
Examiner's|Report to the Trustees|
||Statement ofFinancial Activities||
|12|Balance Sheet||
|13to 20|Notes tothe Accounts||
##
|Registered charity number|Registered charity number|1147067||||
|---|---|---|---|---|---|
|Other names charity is known by||Light and Life Free Methodist|||Church|
|Prindpal|address|Light &Ufe Centre||||
|||Water-ma-Trout|Industrial|Estate||
|||Helston||||
|||Cornwall||||
|||TR13OLW||||
|Chair of|the Trustees &|Michael Bretton||||
|Lead Pastor||||||
|Bankers||Lloyds Bank||||
|||Market Place||||
|||Penzance||||
|||Cornwall||||
|||TR182TN||||
|Accountants||Lang Bermetts||||
|||Chartered
Accountants||||
|||The Old Carriage|Works|||
|||Moresk Road||||
|||Truro||||
|||TR11DG||||
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|Signature||||||
|---|---|---|---|---|---|
|FuII name|i|i~a~'y l)+vip|pig +g|~ /C IMC Q ~+gd&~rD|Q+~JFPM|
|Position||iRMsffe||@gus&~||
|Date||||||
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|or the year ended 31|stDecembe|r 2Q2Q||||
|---|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|Total|
||Funds|income|Funds|2020|-2019|
|||Funds||||
|iricome arid||||||
|Endowments
from:||||||
|(Note 3)||||||
|Donations
and Legacies|279,292|32,151||311,443|295,235|
|Other Tiading activities|54,219|3,440||57,659|65,184|
|investment
income|24|23||47||
|Total|333,535|35,614||369,149|360,472|
|Expenditure
on:||||||
|(Notes 4-6)||||||
|Charitable
activities|(246,040)|(24,033)||(270,073)|(320,695)|
|Governance
costs|{7,240)|(8,020)||{15,260)|i{24,683)|
|Otherresources
expended|(5,544)|(1,333)||(6,877)|(6,165)|
|Total before other||||||
|recognised gains and|(258,824)|(33,386)||(292,210)|(351,543)|
|tosses||||||
|Impairment
ofproperty||||||
|Loss on property disposal||||||
||(258,824)|(33,386)||(292,210)|{351,543)|
|Net
incomel(expenditure)|74711|||76,939||
|Gross transfers between
funds|(8,313)|8,313||||
|Net movement
in funds|66,398|||76,939|8,929|
|Total funds brought
forward (Note 1'I)|||693,458|1+70~5|1+61+76|
|Total funds camed
forward||5'I3,795|693,456|1,647,144|1,570QAL5|
##
||||unrestrIcted|Restricted|Endowment|TOtal|Total|
|---|---|---|---|---|---|---|---|
||||Funds|Income
Funds|Funds|2020|2019|
|Fixed assets||||||||
|Tangible assets||(Note 7)|246,935|560,865|701,606|1,509,406|1,510,650|
|Current assets||||||||
|Debtors||(Note 8)|25,288|50||25,338|27,918|
|Investment||(Note 7)||||||
|Cash at bank and in hand|||179,405|175,337|(150)|354,592|287,047|
|Total|current assets||204,693|175,387|(150)|379,930|314,965|
|Creditors- amounts
one year|fallIng|due wIthIn
(Note 9)|(11,735)|(7,796)|(8,000)|(27,531)|(38,190)|
|Net current assetsltiiabiiities)|||192,958|167,591|(8,150)|352,399|276,775|
|Total assets less current
assets/(liabilities)|||439~93|?28 L56|693 K6|1,861,805|1,?8?|
|Creditors: amounts
one year|falling|due after
(Note 9)||(214,661)||(214,661)|(217,220)|
|||Net assets|439,893|513,795|693,456|1,647,144|1,570,205|
|Funds ofthe Charity||||||||
|Unrestricted
funds|||439,893|||439,893|373,495|
|Restricted income
(Note 10)|funds|||513,795||513,795|503,254|
|Endowment
funds|||||693,456|693,456|693,456|
|'Total funds|||439,893|513,795|693,456|1,647,144|1,570,205|
|Approved
by the trustees and|||Signature||Print Name||Date of|
|signed on their behalf|||||||approval|
||||||ftoeofY DheiQ
s||N/~/~|
||||||~,ChaEC
C=OPHnh
P'lCeW~|||
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|3|Analysis|ofincome and|endowments
from:||||
|---|---|---|---|---|---|---|
||||Analysis||2020|2019|
||Donations|and legacies|Donations||256,795|250,474|
||||Tax refunded
through|gift aid|41,416|37,170|
||||Grants received||6,160|7,591|
||||Bequests and legacies||7,072||
|||||Total|311,443|295,235|
||Other trading activities||Other income||52,545|49,004|
||||Lettin
/hire income||5,114|16,180|
|||||Total|57659|65,184|
||Investment|income|Interest receivable||47|53|
|||||Total|47|53|
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|Charitable|activities|Analysis|Analysis|||||
|---|---|---|---|---|---|---|---|
|||Activities|||Support|Total|Total|
|||Undertaken|||Costs|2020|2019|
|||directly||||||
|Church activities||||44,620|225,454|270,073|320,695|
|Total||||44,620|225,454|270,073|320,695|
|||||||2020|2019|
|Support|Costs|Capitation|(affiliation cost)|||9,216|10,592|
|||Salaries (note||6)||148,043|158,833|
|||Travelfing|expenses|||2,007|11,456|
|||Hire ofhalls||||3,467|20,399|
|||Telephone||||1,340|1,640|
|||Insurance||||4,759|3,414|
|||Rent||||20,600|20,200|
|||Rates||||3,955|4,864|
|||Repairs and maintenance||||6,791|8,943|
|||Light, heat|and|water||10,422|10,314|
|||Office and|administration||expenses|11,962|11,076|
|||Website||||380|580|
|||Licences||||2,512|2,344|
||||||Total|225,454|264,655|
|Total expenditure:||||||||
|||Charitable|activities|||270,073|320,695|
|||Governance|costs|||15,260|24,683|
|||Other -depreciation||||6,877|6,165|
||||||Total|292,210|351,543|
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||||||Freehold|Fixtures,|Total|
|---|---|---|---|---|---|---|---|
||||||land 8|fittings and||
||||||buildings|equipment||
||||Cost Balance|brought forward|1,496,237|54,878|1,551,115|
||||Additions|||5,634|5,634|
|||-|Cost Balance|carried forward|1,496,237|60,512|1,556,749|
||||Depreciation|Balance brought forward||(40,465)|(40,465)|
||||Depreciation|charge foryear||(6,877}|(6,877}|
||||Depreciation|Balance carried forward||(47,342)|(47,342)|
||||Net BookValue Brought forward||1,496,237|14,413|1,510,650|
||||Net BookValue Carried forward||1,496,237|13,170|1,509,407|
||Debtors|and prepayments||||||
||Analysis|ofdebtors||||||
||Amounts|falling due within one year||||2020|2019|
||Grant receivable|||||1,000|1,591|
||Rental deposit|||||1,300|1,300|
||Wages|||||8,035|7,912|
||Gift aid|||||9,573|11,125|
||Prepayments|||||5,430|5,990|
||||||Total|25,338|27,918|
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|Fund Name|Fund Type|Purpose and Restrictions|
|---|---|---|
|Building Fund - Helston|PE|Acquisition
and conversion ofchurch
remises|
|Building
Fund
—Pool|PE|Acquisition
and conversion
ofchurch
emises|
|Helston
Building Fund||Building and conversion ofchurch
remises|
|Hayle Church
Development||For development
ofthe church
in|
|Fund||Ha le|
|Missionary
Fund||Tosupport church planting
within
Cornwall|
|Pastoral Support - Penzance||Support the pastor with additional
trainin
and mentonn|
|Penzance Building Fund||Funds to buy a building
premises for
the Church|
|Missionary —Church specific||Funds to support missionary
work
outside the local Churches|
|G Musser —study support||Supporting
the study ofG Musser|
|Continued. ..|||
|Other|Various donations|for specNc|
|---|---|---|
||u
oses||
##
|Fund names|Fund|Incoming|Outgoing|Transfers|Fund|
|---|---|---|---|---|---|
||balances|resources|resources||balances|
||brought||||carried|
||forward||||forward|
|Unrestricted—
Other|106,875|333,535|(258,824)|{8,313)|173,273|
|Unrestricted-
Buildin s|266,620||||266,620|
|Unrestricted—
Total|373,495|333,535|(258,824)|(8,313)|439,893|
|Permanent
Endowment||||||
|Building Fund
Helston|552,675||||552,675|
|Building
Fund Pool|140,781||||140,781|
|Total Endowment|693,456||||693,456|
|Restricted||||||
|Helston
Building|'l82,328|5,054|(9,287)||178,508|
|Hayle Church
Devel
ment Fund|155,707||(2,807)|7,000|159,900|
|Changing
Room
Fund|927||||927|
|Falmouth
Act4
Fund|(123)|4,151|(500)||3,528|
|Missionary
Fund|14,720|12,443|(2,500)||24,663|
|Pastoral Support—
-Penzance|1,171||||1,171|
|Penzance
Building
Fund|125,262|23|||125,285|
|Missionary-
Church s ecific|22,772|12,443|(17,167)|900|18,948|
|The training centre
Pool|263||||263|
|GiddensSupport
fund|251|1,500|(1,125)||626|
|Other|(24)||||(24)|
|Total|Restricted|503,254|35,614|(33,386)|8,313|513,795|
|---|---|---|---|---|---|---|
|Total|Funds|1,570,205|369,149|P92,210)||1,647,144|
|From Fund|To|Fund|(Name)|Reason||Amount|
|---|---|---|---|---|---|---|
|(Name)|||||||
|Individual|General|fund|(U)|Support for the administration|of|29,328|
|churches||||the charity and to pay the|||
|unrestricted||||affiliation fees foreach church|||
|funds
U|||||||