| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 | |
| Independent Examiner's |
Report | |||
| Statement of Financial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 10 to | 20 | ||
| Detailed Statement of Financial Activities | 21 | to | 22 |
| for the | Year E | nded 31 Au ust |
2020 | |||||
|---|---|---|---|---|---|---|---|---|
| 31.8.20 | 31.8.19 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | 6 | 6 | 6 | |||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies |
252,343 | 33,964 | 286,307 | 250,817 | ||||
| Investment income |
2 | 9,922 | 9,922 | 9,767 | ||||
| Total | 262,265 | 33,964 | 296,229 | 260,584 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 236,329 | 13,896 | 250,225 | 259,571 | ||||
| Other | 512 | 512 | 3,616 | |||||
| Total | 236,841 | 13,896 | 250,737 | 263,187 | ||||
| NET INCOME/(EXPENDITURE) | 25,424 | 20,068 | 45,492 | (2,603) | ||||
| Transfers between |
funds | 8 | ~19,5083 | 19508 | ||||
| Net movement in funda |
5,916 | 39,576 | 45,492 | (2,603) | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 1,284,477 | (9,442) | 1,275,035 | 1,277,637 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,290393 | 30,134 | 1,320,527 | 1,275,034 |
| Balance Sheet | ||||||
|---|---|---|---|---|---|---|
| 3~1A | 12020 | |||||
| 31.8.20 | 31.8.19 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| FIXEDASSETS | Notes | F | E | 6 | ||
| Tangible assets | 5 | 1,160,703 | 1,160,703 | 1,146,721 | ||
| CURRENT ASSETS | ||||||
| Debtors Cash in hand |
6 | 11,086 122,053 |
30,134 | 11,086 152,187 |
9,349 124,214 |
|
| 133,139 | 30,134 | 163,273 | 133,563 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
7 | (3,449) | (3,449) | (5,250) | ||
| NET CURRENT ASSETS | 129,690 | 30,134 | 159,824 | 128,313 | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 1,290,393 | 30,134 | 1,320,527 | 1,275,034 | ||
| NET ASSETS | 1,29D.393 | 3' | ,134 | 1 320,527 | 1,275,034 | |
| FUNDS | ||||||
| Unrestricted funds Restricted funds |
1,290,393 30,134 |
1,265,592 9,442 |
||||
| TOTAL FUNDS | 1,320,527 | 1,275,D34 |
for TANGIBLE FIXEDASSETS |
the Year Ended 31 Au |
ust 2020 | ||
|---|---|---|---|---|
| Church | Motor | |||
| Building | Hut | Manse | Vehicles | |
| COST | F | F | 6 | |
| At 1 September 2019 Additions |
834,402 | 37,918 | 135,837 | 7,200 |
| Disposals | ||||
| At 31August 2020 | 834,402 | 37,918 | 135,837 | 7,200 |
| DEPRECIATION | ||||
| At 1 September 2019 Charge for year Eliminated on disposal |
4,922 570 |
|||
| At 31 August 2020 | 5,492 | |||
| NET BOOK VALUE | ||||
| At 31August 2020 | 834,402 | 37,918 | 135,837 | 1,708 |
| At 31August 2019 | 834,402 | 37,918 | 135,837 | 2,278 |
| Fixtures | ||||
| and | Office | Arnolds | ||
| fittings | equipment | Mead | Totals | |
| COST | E | 8 | ||
| At 1 September 2019 Additions Disposals |
85,517 1,554 ~2,792) |
11,926 ~4,458) |
110,656 20,231 |
1,223,456 21,785 ~7,250) |
| At 31August 2020 | 84,279 | 7,468 | 130,887 | 1,237,991 |
| DEPRECIATION | ||||
| At 1 September 2019 Charge for year Eliminated on disposal |
60,945 6,456 ~2,280) |
10,868 265 ~4,458) |
76,735 7,291 ~6,738) |
|
| At 31August 2020 | 65,121 | 6,675 | 77,288 | |
| NET BOOK VALUE | ||||
| At 31August 2020 | 19,158 | 793 | 130,887 | 1,160,703 |
| At 31August 2019 | 24,572 | 1,068 | 110,656 | 1,146,721 |
| Note | s to the Financial Statem | ents -continued for the Year Ended 31 Au ust 2020 |
ents -continued for the Year Ended 31 Au ust 2020 |
||
|---|---|---|---|---|---|
| 6. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 31.8.20 | 31.8.19 | ||||
| E | |||||
| Trade debtors | 11,086 | 9,349 | |||
| T. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 31.8.20 | 31.8.19 | ||||
| E | F | ||||
| Trade creditors | 3,449 | 5,250 |
| OVEMENT IN FUNDS |
||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.9.19 | in funds | funds | 31.8.20 | |
| 6 | F | 8 | ||
| Unrestricted funds |
||||
| General fund Anne Killingback Mission Fund- |
65,644 6,126 |
24,131 | (19,421) (89) |
70,354 6,037 |
| Designated | ||||
| Buildings - Buildings - Designated | 43,289 | 19,000 | 62,289 | |
| Fixed Asset Fund - Designated | 1,146,722 | (7,804) | 1,138,918 | |
| Ladies Ministry - Designated | 863 | 863 | ||
| Men's Ministry - Designated | 1,128 | (188) | 940 | |
| Soul Survivor - Designated | 327 | (260) | (66) | |
| Leaders Ministry - Designated |
(150) | (50) | 200 | |
| Youth Events - Designated | 5 | 66 | ||
| Childrens Events - Designated Youth Weekend- Designated Events 11.15-Designated |
8 (148) 7 |
10 19 |
(8) | 10 (129) 7 |
| COTG events- Designated | 150 | (150) | ||
| Sanga Sanga Mission Trip 2019 | 474 | (40) | 434 | |
| Uganda Mission Trip 2019 |
2,010 | 2,010 | ||
| DTI Camp - Designated Covid 19Benevolent - Designated |
(367) 9,070 |
(367) 9,070 |
||
| 1,265,592 | 25,424 | (508) | 1,290,508 | |
| Restricted funds | ||||
| Mission Fund | 2,865 | 1,563 | 4,428 | |
| Junior Church | 55 | (31) | 24 | |
| Buildings - Buildings | 21,525 | 21,525 | ||
| International Teams |
62 | (62) | ||
| Tearfund | (342) | 342 | ||
| Mission Fund-Mission trips |
6,460 | 38 | (12) | 6,486 |
| Sanga Sanga Mission Trip 2019 | (434) | (434) | ||
| Uganda Mission Trip Uganda Mission Trip 2019 |
(2,189) | 178 | (2,189) 178 |
|
| 9,442 | 20,068 | 508 | 30,018 | |
| TOTAL FUNDS | 1,275,034 | 45,492 | 1,320,526 |
| Incoming | Resources | ||||
|---|---|---|---|---|---|
| Movement | |||||
| resources | expended | in funds | |||
| F | 6 | F | |||
| Unrestricted funds |
|||||
| General fund |
244,136 | (220,005) | 24,131 | ||
| Fixed Asset Fund | - Designated | (7,804) | (7,804) | ||
| Ladies Ministry - | Designated | 1,867 | (1,004) | 863 | |
| Men's Ministry —Designated | 752 | (940) | (188) | ||
| Soul Survivor - Designated | (260) | (260) | |||
| Leaders Ministry |
- Designated | 700 | (750) | (50) | |
| Childrens Events |
- Designated | 10 | 10 | ||
| Youth Weekend- | Designated | 1,165 | (1,146) | 19 | |
| DTI Camp - Designated Covid 19Benevolent - |
Designated | 665 12,970 |
(1,032) ~3,900) |
(367) 9,070 |
|
| 262,265 | (236,841) | 25,424 | |||
| Restricted funds | |||||
| Mission Fund | 6,098 | (4,535) | 1,563 | ||
| Junior Church | 100 | (131) | (31) | ||
| Buildings - Buildings | 25,703 | (4,178) | 21,525 | ||
| International Teams |
905 | (967) | (62) | ||
| Tearfund | 1,040 | (1,382) | (342) | ||
| Mission Fund-Mission | trips | 38 | 38 | ||
| Sanga Sanga Mission | Trip 2019 | (434) | (434) | ||
| Compassion Uganda Mission |
Trip | 80 | (80) ~2,189) |
~2,189) | |
| 33,964 | ~13,896) | 20,068 | |||
| TOTAL FUNDS | 295,717 | ~250,225) | 45,492 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.9.18 | in funds | funds | 31.8.19 | ||
| 6 | F | 6 | 8 | ||
| Unrestricted funds |
|||||
| General fund |
108,195 | 5,410 | (47,961) | 65,644 | |
| Anne Killingback Mission Fund- |
9,161 | (187) | (2,848) | 6,126 | |
| Designated | |||||
| Buildings - Buildings - Designated Fixed Asset Fund - Designated |
1,152,691 | (1,711) (8,446) |
45,000 2,477 |
43,289 1,146,722 |
|
| Ladies Ministry - Designated Men's Ministry - Designated |
124 1,511 |
(125) (383) |
1 | 1,128 | |
| Soul Survivor - Designated | (687) | 1,014 | 327 | ||
| Leaders Ministry - Designated |
(225) | 75 | (150) | ||
| Youth Events - Designated | 5 | ||||
| Childrens Events - Designated |
8 | 8 | |||
| Youth Weekend- Designated Events 11.15-Designated |
(150) (128) |
896 135 |
(894) | (148) 7 |
|
| COTG events- Designated | 150 | 150 | |||
| Youth residential | 120 | (120) | |||
| Sanga Sanga Mission Trip 2019 Uganda Mission Trip 2019 |
474 ~2,25 ~) |
4,265 | 474 2,010 |
||
| Restricted funds | 1,271,562 | (6,979) | 1,009 | 1,265,592 | |
| Food Hampers | 197 | (197) | |||
| Mission Fund |
2,501 | 429 | (65) | 2,865 | |
| Mission Fund - Lancaster | 456 | (521) | 65 | ||
| Junior Church | 137 | (82) | 55 | ||
| International Teams |
62 | 62 | |||
| Tearfund | 30 | (438) | 408 | ||
| Mission Fund-Mission trips |
611 | 5,199 | 650 | 6,460 | |
| Compassion | 1 | (1) | |||
| Tanzania Mission Trip Uganda Mission Trip Debt Avice |
435 1,632 75 |
~75) | (435) (1,632) |
||
| 6,075 | 4,376 | (1,009) | 9,44 | ||
| TOTAL FUNDS | 1,277,637 | (2,603) | 1,275,034 |
| Incoming | Resources | ||
|---|---|---|---|
| Movement | |||
| resources | expended | in funds | |
| 8 | |||
| Unrestricted funds |
|||
| General fund |
235,426 | (230,016) | 5,410 |
| Anne Killingback Mission Fund- |
531 | (718) | (187) |
| Designated | |||
| Buildings - Buildings - Designated | (1,711) | (1,711) | |
| Fixed Asset Fund - Designated | (8,446) | (8,446) | |
| Ladies Ministry - Designated | 767 | (892) | (125) |
| Men's Ministry - Designated | 367 | (750) | (383) |
| Soul Survivor - Designated | 1,482 | (2,169) | (687) |
| Leaders Ministry - Designated |
525 | (750) | (225) |
| Youth Events - Designated | 104 | (99) | 5 |
| Minibus Fund |
10 | (10) | |
| Childrens Events - Designated |
56 | (56) | |
| Youth Weekend- Designated Events 11.15-Designated |
2,209 552 |
(1,313) (417) |
896 135 |
| Youth residential | 120 | 120 | |
| Sanga Sanga Mission Trip 2019 Uganda Mission Trip 2019 |
2,240 3,931 |
(1,766) ~6,186) |
474 ~2,255) |
| 248,320 | (255,299) | (6,979) | |
| Restricted funds | |||
| Food Hampers | (197) | (197) | |
| Mission Fund | 3,429 | (3,000) | 429 |
| Mission Fund - Lancaster |
510 | (1,031) | (521) |
| Junior Church | 100 | (182) | (82) |
| International Teams |
930 | (868) | 62 |
| Tearfund | 1,314 | (1,752) | (438) |
| Mission Fund-Mission trips |
5,199 | 5,199 | |
| Compassion | 270 | (271) | (1) |
| Debt Avice TGW Offering |
512 | (75) ~512) |
(75) |
| 12,264 | (7,888) | 4,376 | |
| TOTAL FUNDS | 260,584 | ~263,187) | ~2,603) |
| CONTINGENT LIABILITIES - |
continued | continued | ||
|---|---|---|---|---|
| The key financial assumptions |
underlying the valuation |
were as follows: | ||
| Type ofAssumption | %pa | |||
| RPI price inflation assumption CPI price inflation assumption Minimum Pensionable Income |
Increase Adjustment | (above | 3.20 2.70 0.50 |
|
| CPI) | ||||
| Assumed investment returns - Pre-retirement (gilt yield plus 1.75%pa) -Post retirement (including benefits matched by the |
2.95 1.70 |
|||
| insurance policy) (gilt yield plus 0.5% pa) |
||||
| Minimum Pensionable Income |
increases (CPI plus | 0.5%) | 3.20 | |
| Deferred pension increases (based on RPI) -Pre April 2009 -Post April 2009 |
3,20 2.50 |
|||
| Pension increases -Based on CPI with an annual |
floor of0%and annual | cap | 2.70 | |
| of5% |
| 31.8.20 | 31.8.19 | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies General offerings and donations General offerings and donations-restricted General offerings and donations-designated |
234,214 33,926 18,167 |
225,659 14,718 10,440 |
||
| 286,307 | 250,817 | |||
| Investment income |
||||
| Tynings rent received Deposit account interest |
9,180 742 |
9,000 767 |
||
| 9,922 | 9,767 | |||
| Total incoming resources |
296,229 | 260,584 | ||
| EXPENDITURE | ||||
| Raising donations and legacies Salaries |
138,227 | 132,459 | ||
| Pastoral care | 7,044 | 4,027 | ||
| Worship expenses Admin: subscriptions Admin: telephone Admin: other costs |
1,569 1,341 1,049 2,537 |
1,061 1,196 1,312 2,571 |
||
| Ministry: Pulpit supplies Outreach CMDAC |
2,490 | 200 1,753 |
||
| Outreach: Senior Citizens | 377 | |||
| Outreach: Mums and Tots |
152 | |||
| Outreach: Events | 1,868 | 1,987 | ||
| Mission; Home mission The Gathering Weekend Mission: Others |
7,000 17 11,551 |
7,000 2,495 20,766 |
||
| Upkeep of Church Other Premises Costs: Council |
tax | 3,451 1,864 |
3,096 1,521 |
|
| Other Premises Costs: Water | 86 | 86 | ||
| Other Premises Costs: Kitchen | 1,036 | 795 | ||
| Other Premises Costs: Dovecote | 3,235 | 3,128 | ||
| Other Premises Costs: Dovecote rent | 8,400 | 8,400 | ||
| Other Premises Costs: Heath | & | safety | 193 | |
| Other Premises Costs: Building | hire & | |||
| professional fees Upkeep of Church: heat & light Upkeep of church: insurance Upkeep of church: Repairs & maintenance Carried forward |
4,507 3,144 2,245 2,806 205,660 |
6,021 3,930 2,185 2,105 208,623 |
| Detailed Statem | ent ofF | inancial A | ctivities for the Year Ended 31 Au |
ust 2020 | |
|---|---|---|---|---|---|
| 31.8.20 | 31.8.19 | ||||
| Raising donations and |
legacies | ||||
| Brought forward | 205,660 | 208,623 | |||
| Outreach: The Ark | 200 | 609 | |||
| Fabric: Named Projects | 1,476 | 1,452 | |||
| Fabric: Arnolds | Mead | 23 | 636 | ||
| Fabric:The Tynings | 1,137 | 710 | |||
| Fabric: General | 162 | 190 | |||
| Other Premises | Costs: Long Close | Ave rent | 8,400 | 8,400 | |
| Other Premises | Costs: Long Close | Avenue | |||
| CTax/water | 1,941 | 1,842 | |||
| Admin Rudloe |
84 | 23 | |||
| Desig &Restr Teaching | &Training | Funds | 130 | 195 | |
| Fabric: The Hut | 13 | 275 | |||
| AIM | 2,500 | 4,500 | |||
| Desig &Restr - ICT |
Admin Funds | 99 | 10 407 |
||
| BMS | 1,325 | 1,250 | |||
| Desig &Restr - | Mission: | Mission Costs | 9,587 | 16,106 | |
| The Bible Society | 2,500 | 2,500 | |||
| Open Doors | 2,500 | 2,500 | |||
| Teaching: Junior Church | 270 | 30 | |||
| Teaching: Youth | 157 | 132 | |||
| Teaching: Ministry Training |
521 | 642 | |||
| Depreciation on |
music equipment | 1,059 | 936 | ||
| Depreciation on |
fixtures | and fittings | 5,397 | 5,723 | |
| Depreciation on |
motor vehicles | 570 | 759 | ||
| Depreciation on |
office equipment | 265 | 1,028 | ||
| Bank charges | 90 | 93 | |||
| 246,066 | 259,571 | ||||
| Other | |||||
| Loss on sale of | tangible | fixed assets | 512 | ||
| Support costs | |||||
| Governance costs | |||||
| Accountancy and legal |
fees | 4,159 | 3,616 | ||
| Total resources | expended | 250,737 | 263,187 | ||
| Net income/(expenditure) | 45,492 | (2,603) |