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2020-12-31-accounts

Real Life Church, Sutton Coldfield

Report and Accounts Year ended 31 December 2020

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

REAL LIFE CHURCH, SUTTON COLDFIELD

FOR THE YEAR ENDED 31 DECEMBER 2020

COMPANY INFORMATION

Directors / trustees Philip Colthup (Resigned 31 December 2020) Charlotte Senior Andrew Pinder Stuart Crane Company Secretary Philip Colthup (Resigned 31 December 2020) Key staff Stuart Crane (church leader ) Melanie Crane (children and youth leader) Memorandum and Articles of Association dated Governing Document August 2012 Company Registration Number 8182165 Charity Registration Number 1149821 Registered Office 3 Aragon Drive Sutton Coldfield West Midlands B73 6BQ Independent Examiner Archie McDowall BA, CA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers CAF Bank Shawbrook Bank

Contents Page
Company Information 1
Directors' Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-14
Detailed Statement of Financial Activities with Comparatives 15

Page 1

REAL LIFE CHURCH, SUTTON COLDFIELD

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2020

The directors, who are the charity's trustees for the purposes of charity law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The Trust seeks to demonstrate the Christian faith in action by the advancement of the Christian Religion in the United Kingdom and overseas, and through the relief of the aged, poor, sick and disabled.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

Build and strengthen the church - pre-COVID 19

Until March 2020, meetings were held on Sundays in Sutton Coldfield to worship, to teach and to pray for those attending. Age-appropriate teaching and activities were provided at each meeting for under 18s. The Sunday meetings are freely open to all to attend and our regular attendance increased throughout the year. Small, mid-week “Life Groups” met in person until March 2020 for members of the church to facilitate discipleship, build community and support each other practically. Regular mid-week meetings were also held to pray for the work of the church, our local community and the nations.

Impact of COVID-19 on church life and finances

In March 2020 the charity took steps (in line with government advice) to help contain the nationwide outbreak of COVID-19. This included the temporary suspension of all physical gatherings and the charity has had to curtail, or change, how it operates; the church moved to the provision of online content for kids and youth, and hosted a Sunday evening service weekly with a time of worship and a preach. Life Groups continued to meet virtually.

In May 2020, the Church ran a "Catalyst at Home" event, to replace the festival that the Church would otherwise have attended in person with other churches within the Catalyst network. In August, the Church ran "Newday at Home" for our youth group, to replace attending the Newday festival that was cancelled due to COVID-19.

To date there has been no significant impact on net income caused by COVID-19, particularly because expenditure relating to the hosting of Sunday morning meetings significantly decreased between March and December 2020. Nonetheless, the trustees are continuing to monitor income and expenditure closely and, if it becomes necessary, will take measures to mitigate any financial impact. They do not believe this will be necessary given the sustained levels of giving by Church members, and the significant reserves held by the Church.

Page 2

REAL LIFE CHURCH, SUTTON COLDFIELD

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2020

Bless the local community

The Church shifted its regular craft and activity events for children to online. Messy Easter was produced in such a way that children and their parents/carers could participate in all crafts using materials found at home. Messy Christmas was a similar event, but craft bags were made available for collection, and we ran two virtual events where children could come together online and hear the Christmas story. 300 children received craft bags for Messy Christmas, and we made a "bagless" version available for families to do without the craft bags.

At Christmas, we also ran a treasure hunt activity in Sutton Park for families to take part in in a COVID-secure way, and encouraged our members to host doorstep carol events with their neighbours in COVID-secure ways and in accordance with government guidelines.

Help the poor and those in need

Throughout the year we made regular donations of food, finance and support to a local food bank run from the United Reform Church in Sutton Coldfield. We also provided volunteers to work at the Food Bank. We increased our support of the Food Bank during the pandemic to react to the increased need in Sutton Coldfield. We gave gifts to other charitable activities, as follows:

Significantly, most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 3

REAL LIFE CHURCH, SUTTON COLDFIELD

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2020

Structure, Governance and Management

Responsibility for strategic and financial oversight of the Church, health and safety, insurance, employment matters, and ensuring compliance with all relevant legal and charity obligations rests with the Directors. They met regularly during 2020 and were consulted and informed on matters of importance. The Directors were: Stuart Crane, Philip Colthup, Andrew Pinder and Charlotte Senior. The current board of Directors has remained the same since incorporation. The charity’s constitution allows new Directors to be appointed by the Elders. The term of office of any subsequent Directors shall be three years from the date of their appointment.

Real Life Church is led and overseen by Elders and a Senior Leadership Team. The Elders (appointed in June 2019) are Stuart Crane, Jeremy Douglas-Jones and Matt Yates. The Senior Leadership Team is led by Stuart and Melanie Crane, together with Jeremy Douglas-Jones, Ben and Charlotte Senior, and Matt and Philippa Yates.

The Elders and Senior Leaders met regularly during the year (virtually from March onwards) to discuss and oversee the affairs and operational matters of the Church. The cadence of meetings for Senior Leaders increased following COVID19 to ensure the Church was doing everything possible to look after its people and further the church's charitable aims during the pandemic. They work with a large number of volunteers to implement the vision, goals and objects of the Church. The Senior Leaders and Elders are given input and guidance from Andy Martin, an apostlic delegate within the Catalyst network of churches to which Real Life Church belongs.

Real Life Church is a member of the Evangelical Alliance and is affiliated to Catalyst, an apostolic team within Newfrontiers, a worldwide family of churches.

Financial review

During the year income decreased by £5k, to £225k, and expenditure decreased by £14k, to £165k. As a result surplus for the year increased by £9k, to £61k and the charity's net assets increased by the same amount, to £327k. Net current assets increased by £65k, to £318k

Reserves policy

The trustees have determined that the Church should aim to hold unrestricted cash of no less than £80k (which equates to about six months' of unrestricted expenditure) so that the Church could continue to operate should income and / or expenditure vary adversely. At the year end, the Church held unrestricted cash of £330k and the Church is complying with its reserves policy. Any surplus, free reserves are being held by the Church to meet future expenditure in relation to additional ministry needs or potential staff or venue expansion.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Plans for the future

The Church’s aims for the future are in line with its activities and achievements during 2020, i.e. building and strengthening the church, blessing the local community and helping the poor and those in need. It continues to rely on the support of a large number of volunteers and, as it is considered appropriate and supportable financially, will employ additional people to help further its aims and objectives.

Page 4

REAL LIFE CHURCH, SUTTON COLDFIELD

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2020

Responsibilities of directors under company law

The directors are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the directors are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures

disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will

continue in operation.

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the directors and signed on their behalf by:

Charlotte Senior

Date: 23 September 2021

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

REAL LIFE CHURCH, SUTTON COLDFIELD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020 on pages 7 to 15 following, which have been prepared on the basis of the accounting policies set out on page 9.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

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.

Archie McDowall BA CA

23 September 2021

Stewardship 1 Lamb's Passage London EC1Y 8AB

Page 6

REAL LIFE CHURCH, SUTTON COLDFIELD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestricted
Funds
£
224,794
-
1,557
226,351
160,873
160,873
65,478
-
65,478
261,719
327,197		 Restricted
Funds
£
-
-
-
-
4,217
4,217
(4,217)
-
(4,217)
4,217
-		 Total
Funds
2020
£
224,794
-
1,557
226,351
165,090
165,090
61,261
-
61,261
265,936
327,197		 Total
Funds
2019
£
229,973
300
1,179
231,452
179,441
179,441
52,011
-
52,011
213,925
265,936

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 9 to 15 form part of these accounts.

Page 7

REAL LIFE CHURCH, SUTTON COLDFIELD

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
13
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
8,923
8,923
846
330,814
331,660
13,386
318,274
327,197
327,197
327,197
327,197
-
327,197		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2020
£
8,923
8,923
846
330,814
331,660
13,386
318,274
327,197
327,197
327,197
327,197
-
327,197		 Total
Funds
2019
£
12,580
12,580
23,857
237,895
261,752
8,395
253,357
265,937
265,937
261,720
261,720
4,217
265,937

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Charlotte Senior

Company number: 8182165

Date: 23 September 2021

Charity number: 1149821

The notes on pages 9 to 15 form part of these accounts.

Page 8

REAL LIFE CHURCH, SUTTON COLDFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity.

Investment income represents income generated by the charity's assets and includes income from bank interest.

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 9

REAL LIFE CHURCH, SUTTON COLDFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

d) Fund accounting

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

Impairment losses and losses arising on the disposal of social investments are included in the Statement of Financial Activities under the heading 'Expenditure on charitable activities'. Gains arising on the disposal of social investments are included in the Statement of Financial Activities under the heading 'Other income'. All other gains and losses on investment assets are included in the Statement of Financial Activities under the heading 'Net gains / (losses) on investments'.

h) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Exemption from preparing a cashflow statement The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) Critical accounting estimates and areas of judgement The trustees do not consider that there any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.

Page 10

REAL LIFE CHURCH, SUTTON COLDFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

3
Donations and legacies
Notes
Donations of cash and similar
Income tax recoverable
4
Income from charitable activities
Church retreats and events
5
Investment income
Bank interest
6
Charitable expenditure
Notes
a)
Costs incurred directly on specific activities
Employment costs
Venue hire
Publicity and Communication
Ministry costs and expenses
Children and youth
Events
Grants payable
6c
b)
Costs incurred on support & administration
Governance costs
Accounts preparation and independent examination
Repairs and maintenance
Equipment and office costs
Subscriptions and professional fees
Depreciation of tangible fixed assets
Insurance
Total expenditure
c)
Grants payable
2020
Unrestricted
Funds
Organisations/purposes
£
Catalyst
11,246
Emmanuel Hub
18,720
Foodbank
2,544
Acacia Family Support
2,000
LIV Village sponsorship
2,400
Church planting Africa
2,400
St Basil's
2,000
Home for Good
2,000
Turkish Refuge Project
2,000
Egyptian Orphanage
2,000
Other gifts < £1000
650
Individuals
2,644
50,604		 Restricted
Funds
£
4,216
-
-
-
-
-
-
-
-
-
-
-
4,216		 2020
Total
£
15,462
18,720
2,544
2,000
2,400
2,400
2,000
2,000
2,000
2,000
650
2,644
54,820		 2019
Unrestricted
Funds
£
5,407
16,222
2,710
500
2,400
2,400
-
-
-
-
1,400
1,979
33,018		 Total
2020
£
181,035
43,759
224,794
Total
2020
£
-
-
Total
2020
£
1,557
1,557
Total
2020
£
71,642
4,260
3,080
5,562
8,840
6,622
54,820
154,826
1,800
-
2,180
260
5,459
565
10,264
165,090
Restricted
Funds
£
-
-
4,731
-
-
4,272
-
-
-
-
-
199
9,202		 Total
2019
£
190,477
39,496
229,973
Total
2019
£
300
300
Total
2019
£
1,179
1,179
Total
2019
£
62,045
17,149
5,474
12,360
13,779
14,050
42,220
167,077
1,516
-
4,637
270
5,380
562
12,365
179,442
2019
Total
£
5,407
16,222
7,441
500
2,400
6,672
-
-
-
-
1,400
2,178
42,220

Page 11

REAL LIFE CHURCH, SUTTON COLDFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Employer's National Insurance costs
Pension costs (employers' contribution)		 2020
£
66,356
2,373
2,913
71,642		 2019
£
56,965
1,684
3,396
62,045

There were 3 employees on average during the year (2019: 3). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Stuart Crane
45,809
-
2,290
Key management connected to trustees:
Melanie Crane, spouse of Stuart Crane
17,735
-
887
The following amounts were charged in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Stuart Crane
35,753
-
1,788
Key management connected to trustees:
Melanie Crane, spouse of Stuart Crane
17,303
-
865		 2020
£
48,099
18,622
66,721
2019
£
37,541
18,168
55,709

Stuart Crane served as a church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document. The increase in salary cost from 2019 to 2020 reflects the increase in working hours which took effect from 1 January 2020.

Tangible fixed assets
Cost
At 1 January 2020
Additions
At 31 December 2020
Accumulated depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Fixtures,
fittings and
equipment
£
44,993
1,803
46,796
32,413
5,459
37,872
8,923
12,580		 Total
2020
£
44,993
1,803
46,796
32,413
5,459
37,872
8,923
12,580

8 Tangible fixed assets

Page 12

REAL LIFE CHURCH, SUTTON COLDFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

9
Debtors: falling due within one year
Tax recoverable
Prepayments and accrued income
10
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
11
Creditors: liabilities falling due within one year
Trade creditors
Other creditors
Accruals		 2020
£
847
-
847
2020
£
134,493
196,321
330,814
2020
£
8,433
3,152
1,800
13,385		 2019
£
22,560
1,298
23,858
2019
£
43,131
194,764
237,895
2019
£
2,946
3,949
1,500
8,395

12 Pension commitments

During the year employer’s pension contributions totalling £2,913 (2019: £3,182) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2019: £nil).

13 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Fun Run (Foodbank)
Catalyst (church planting and poverty relief)
Newday youth conference
Other restricted
Total Restricted Funds
Aggregate of funds		 Opening
balance
2020
£
261,720
261,720
-
4,216
-
-
4,216
265,936		 Incoming
resources
2020
£
226,351
226,351
-
-
-
-
-
226,351		 Outgoing
resources
2020
£
(160,874)
(160,874)
-
(4,216)
-
-
(4,216)
(165,090)		 Transfers
in the year
2020
£
-
-
-
-
-
-
-
-		 Closing
balance
2020
£
327,197
327,197
-
-
-
-
-
327,197

The Catalyst fund represents the collection of an appeal to support the international church planting and poverty relief work of Catalyst (reg charity 1150242) part of which was paid in 2019 to assist with church planting in Africa and the balance paid in 2020 for their wider work.

Page 13

REAL LIFE CHURCH, SUTTON COLDFIELD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 General
funds
£
8,923
846
330,814
(13,386)
327,197		 Restricted
funds
£
-
-
-
-
-		 2020
£
8,923
846
330,814
(13,386)
327,197

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Fun Run (Foodbank)
Catalyst (church planting and property relief)
Newday conference
Other restricted
Total Restricted Funds
Aggregate of funds		 Opening
balance
2019
£
213,912
213,912
-
-
14
14
213,926		 Incoming
resources
2019
£
216,591
216,591
4,731
8,488
1,456
185
14,860
231,451		 Outgoing
resources
2019
£
(168,783)
(168,783)
(4,731)
(4,272)
(1,456)
(199)
(10,658)
(179,441)		 Transfers
in the year
2019
£
-
-
-
-
-
-
-
-		 Closing
balance
2019
£
261,720
261,720
-
4,216
-
-
4,216
265,936

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 General
funds
£
12,580
23,858
233,679
(8,395)
261,722		 Restricted
funds
£
-
-
4,216
-
4,216		 2019
£
12,580
23,858
237,895
(8,395)
265,938

14 Transactions with related parties During the year the charity:

a) received donations totalling £46,252, all unrestricted (2019: £42,252) from related parties (which includes trustees, anyone closely connected to them and key management).

b) Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

15 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

Page 14

REAL LIFE CHURCH, SUTTON COLDFIELD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Other
Total Expenditure
Net income/(expenditure)
Transfers between funds
13
Other recognised gains/(losses):
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 2020
£
224,794
-
1,557
226,351
160,873
-
160,873
65,478
-
65,478
65,478
261,719
327,197
Unrestricted F		 2019
£
215,112
300
1,179
216,591
168,783
-
168,783
47,808
-
47,808
47,808
213,912
261,720
unds - General		 2020
£
-
-
-
-
4,217
-
4,217
(4,217)
-
(4,217)
(4,217)
4,217
-
Restricte		 2019
£
14,861
-
-
14,861
10,658
-
10,658
4,203
-
4,203
4,203
14
4,217
d Funds		 Total
Funds
2020
£
224,794
-
1,557
226,351
165,090
-
165,090
61,261
-
61,261
61,261
265,936
327,197		 Total
Funds
2019
£
229,973
300
1,179
231,452
179,441
-
179,441
52,011
-
52,011
52,011
213,925
265,936

Page 15