2020-12-31-accounts - Everyday Church

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Trttstees	Annual Report
Independent Auditor's		Report
Statement	ofFinancial	Activities
Balance	Sheet		16
Cashfiow	Statement		17
Notes to	the Financial	Statements

					Note	Um estricted	Designated	Restricted	Restricted	Total Funds	Total Funds
						Funds	Funds	2'unde		Year Ended	Year Ended
						2020	2020	2020		2020	2019
								f.			f.
INCOME AND ENDOWMENTS				FROM
Dona/tons and legrrcies
	Offerings attd gifts					804,399	3,000	179,569		986,968	914,566
	Incotne fax recoverable					137,201			20,164	157,365	164,131
/»coalcfroot clrori table		acti vi/i ra
	Events					351				351	13,770
	Youth										814
	Rental ofchurch accotnmodalion					26,580				26,580	13,188
	Confetcncotg iacomc					149,312				149,312	217,699
/rico	aefoui /avestan'ars
	IIItC I'CsI					3,706				3,706	4,470
Otlrer	/acoare
	Fees for Netv Grourtd		Academy								42,750
	Other					24,176			3,365	27,541	12,392
TOTAL						1,145,725	3,000	203,098		1,351,823	1,383,780
EXPENDITURE ON'
Charitabl Activtttes
Mfssfoaoryarrdclrarrrabiegrviag/
	Home and ova seas gifls					114,278			99,100	213,378	126,404
	Staffcosts etc.					574,038			33,580	607,618	624,698
	Contractors					739				739	2,659
	New Ground Acadany Ttaaung								4,345	4,345	19,945
	Evangebsm					5,491			1,171	6,662	26,031
	Youth and chldren's		Ivotk			3,964				3,964	17,600
	Publicity and adverbstng					80				80	2,859
	Books, tapes and flotvas					87				87	1,974
	Re fr ash nte ate and	hospt tab ty				3,175			297	3,472	12,847
	Church nmntng expenses					122,851			281	123,132	179,577
	Buildings ntauttenance					111,189			25,488	136,677	123,160
	Other				4.a				200	200	7,500
						935,892			164,462	1,100,354	1,145,254
Supp o	I I Cos/s
	Staffcosts ctc.					184,597				184,597	191,874
	Depreciation					5,754			30,822	36,576	31,301
	Bank charges and	sub criptions				16,580			1,321	17,901	23,450
	lntacst on loans					5,025				5,025	7,376
	Governance co t					23,061				23,061	23,582
						235,017			32, 143	267,160	277,583
TOTAL						1,170,909			196,605	1,367,514	1,422,837
NET	(EXPENDITURE)/INCOME					(25,184)	3,000		6,493	(15,691)	(39,057)
Transfer from Designated			and rest&	icted	10	86,600			(86,600)
NET	INCOME/(EXPENDITURE)			AFTER	TRANSFERS	61,416	3,000		(80,107)	(15,691)	(39,057)
NET	MOVEMENT IN	FUNDS
Balances b/fwd at 1stJanuary 2020						1,140,134	163,526	4,791,244		6,094,904	6,133,961
Balances c/ftvd at 31o		December		2020		1,201,550	166,526	4,711,137		6,079,213	6,094,904

					TOTAL		TOTAL
					2020		2019
		Notes
FIXEDASSETS
Tangible fixed assets						5,357,738		5,394,314
CURRENT ASSETS
Debtors within one year			7	85,625			63,160
Debtom aper one year			7	10,000			15,000
				95,625			78,160
Cash at bank and in hand				868,182			899,499
				963,807			977,659
Creditois due within one	year
Creditors			8	116,321			62,972
NET CURRENT ASSETS						847,486		914,687
Total Assets less Current	Liabilines					6,205,224		6,309,001
Cieditors due after one year
Loalls						(126,0H)		(214,097)
NET ASSETS						6,079,213		6,094,904
FUNDS
UNRESTRICTED FUNDS
General funds				1,201,550			1,140,134
Designated fuads			11	166,526			163,526
Total uniestricted funds						1,368,076		1,303,660
RESTRICTED FUNDS
Restricted funds			10			4,711,137		4,791,244
TOTAL CIIARITY FUNDS						6,079,213		6,094,904

						TOTAL	TOTAL
						2020	2019
					Notes
Net cash used in operating	activities				17	(29,998)	(38,903)
Cash tlotvs from investing	activities:
Purchase of propetty, plant	and	equipment					(57,538)
Interest from investments						3,706	4,470
Interest paid						(5,025)	(7,376)
Net cash provided by investing		activities				(1,319)	(60,444)
Change in cash and cash	equivalents		in tbc reporting	period		(31,317)	(99,347)
Casts and cash equivalents	at	the end	ofthe reporting	period		(31,317)	(99,347)

																	2020		2019
	Included in this	lotal		are donatioiw			made to tbe followin
												I'	(f ppl	dl	J
	New Giound												d28IJJJ				69,500		41,243
	Ace ofClubs												I~«187				1,000		1,000
	Amor Europe												71113 !'						1,000
	M Booth																		500
	C Cartei												137101						1,000
	Christchuicb London				- Kendal la	m	Turkey						Jllnid						5,000
	Comps sion UK												I ~ '727d						2,000
	Emnianuel Cttuicb London												1133997						4,000
	Enipart UK												Ild3281				20,000		20,000
	Finnies												20.10						500
	Family												1177210				2,400
	Foodbank - Wimbledon												2 JJJI				5,400		1,500
	Frontiers - D&	C Ettzen											nn23dd				36,500		3,500
	JocI Ken dell																2,500
	Jubilee+												37110				3,000		3,000
	Junction Conimunity				Tmst - Wandswortli				Foodbank				7199780				3,400		1,000
	Kingston Ctiuiches		against Homelessoess										I( .098						1,000
	Love &Compassion			in Action									Ilddr I				10,000		15,000
	Mfiiiitfi Mlssloli	ofEulopc											07!Isdn'				3,000		5,000
	Open Doors												IIIJd89				25,000
	Options Pregaancy		Wimbledon										1112Nd				1,000		1,000
	Power the Fight												718JJIJ				4,000
	Street Pastors, Menon												112720J				1,000		1,000
	StGeorgcs Student		Union - Christian					Union&					1183020						500
	Sutton Comniunity		Works										IIIUJJJ				16,400		5,000
	Sutton School	Woiks											JJIU38				1,000		1,000
	The John 3:16Trust												113888J						4,000
	Tbc Lily Tmst												I181791						1,000
	Tbe Rock Conimunity																5,584
	Victoty Church,	Cape			Town														2,500
																	210,684		127,243
	Ottiei s																2,694		4,161
																	213,378		126,404
3.	Staffcosts									2020			2020			2020	2019	2019	2019
																f.
										Ministry		Administiatioii				TOTAL	Mmistiy	Administration	TOTAL
	Salaries									505,298			155,294			660,592	498,127	161,121	659,248
	National Insurance									44,567			12,138			56,705	45,214	12,582	57,796
	Peiisioii costs									52,652			16,469			69,121	49,740	14,447	64,187
										602,517			183,901			786,418	593,081	188,150	781,231
	Other costs									5,	101			696		5,797	31,617	3,724	34,341
										607,618			184,597			792,215	624,698	191,874	816,572
	Absolute ounili	ro	f	e	mployccs	du	ng	tbc	ycai		23				9	32	21	10	31

				NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS
				FOR THE YEAR ENDED 31st		DECEMBER 2020
						2020		2019
	Churcli running expenses					8
	Heat, light and	water rates				37,338		42,046
	Iiisui'alice					15,220		15,134
	Cleaning					2,151		2,618
	Printing, postage and stationery					1,110		4,027
	Photocopier and punting expenses					610		4,505
	Telephones, fax, e-inail and		website			8,735		9,574
	Website					2,807		2,069
	Coniputer and	othei consumables				40,510		43,190
	Buildings including venue lure					14,651		56,414
						123,132		179,577
	Total opei sting lease costs were f8100(2019616200)in respect ofVenue Hire (refei Note 15).
4.a	Other expenditure
	Other expendituie					200		7,500
						200		7,500
	hi 2019thc grant off7,500		from tbe	Baptisr Insm ance NGI Fund was iepaid in tbe year as thc charity			was unable to
	use the funds	in accordance	with the	donor's	restrictions.
	Goverance costs
	Legal and professional					6,281		5,857
	Non audit fees	- accountancy	and consultancy			7,420		8,365
	Audit					9,360		9,360
						23,061		23,582
	Fixed assets				I'reehold	Furniture A	PA/AV
					property	Equipnient	Systeni	Total
								8
	Cost
	31stDecember	2019			6,531,663	166,624	74,471	6,772,758
	Addltloiis
	Disposals
	31stDecember	2020			6,531,663	166,624	74,471	6,772,758
	Depreciation
	31stDecember	2019			1,194,407	109,566	74,471	1,378,444
	Charge for yeai				30,822	5,754		36,576
	Disposals
	31stDecember	2020			1,225,229	115,320	74,471	1,415,020
	Net book value
	31stDecember	2020			5,306,434	51,304		5,357,738
	31stDecember	2019			5,337,256	57,058		5,394,314

								Unrestricted	Designated	Restricted	Total Funds
								Funds	Funds	Funds	2020
										8
	Fixed assets							716,771		4,640,967	5,357,738
	Current assets							672,917	16G,526	124,363	963,806
	Curruit liabilities							(62,127)
	Net current Assets							610,790	166,526	70,170	847,486
	Total assets less cuiruit		I abibue.					1,327,561	166,526	4,711,137	6,205,224
	Long tenn liabilities Fund Balance 2020							(126,011) 1,201,550	166,526	4,711,137	(126,011) 6,079,213
	Fund Balance	2019						1,140,134	163,526	4,791,244	6,094,904
13.	Transaciions	«ith Trustccs
	Tiustees i ceivcd thc fogoiving			sums under Conti acts of Employmcnt	(including	pension conti		ibutions)
	in rcspcct ol'their work		foi tbe	church:
										2020	2019
	P Moore			Salary						64,184	66,309
				Pension						G,331	6,331
				Expenses reimbmscd			- travel				1,369
										70,515	74,009

16. COMPARATIYES FOR THE STATEMENT OF FINA	NCIAL ACTIVITIES
	Unrestricted	Designated	Restricted	Total Funds
STATEMENT OF FINANCIAL ACTIVITIES	Funds	Funds	Funds	Year Ended
FORTHE YEAR ENDED 31st DECEMBER 2019	2019	2019	2019
		g	f
INCOME AND ENDOWMENTS FROM:
Donalions and legacies	1,078,266		431	1,078,697
iliconle floss cilarilable aclivilies	257,863			257,863
income f lani lnvellnleals	4,470			4,470
Other hiconle			42,750	42,750
TOTAL	1,340,599		43,181	1,383,780
EXPENDITURE ON:
Charitable Activities
Missionary and chariloble givingl	1,048,634		96,620	1,145,254
Support Cosis	244,580		33,003	277,583
TOTAL	1,293,214		129,623	1,422,837
NET INCOME) (EXPENDITURE)	47,385		(86,442)	(39,057)
Transfer from Designated Funds	73,557	(23,557)	(50,000)
NET INCOME AFTER TRANSFERS	120,942	(23,557)	(136,442)	(39,057)
NET MOVEMENT IN FUNDS
Balances b'fwd at 1stJanuary 2019	1,019,192	187,083	4,927,686	6,133,961
Balances c/fwd at 31*'Deceniber 2019	1,140,134	163,526	4,791,244	6,094,904

17.	Reconciliation ofnet movem	ents in funds	to net cash lions from operati	ng activities
				2020	2019
				5
	Net movement in funds for	the reporting	period (as per the
	statentent offinancial activities)			(15,691)	(39,057)
	Adjustntents for: Depreciation charges			36,576	31,302
	Dividends, interest and rents	from investments		(3,706)	(4,470)
	Interest paid Decrease in debtors			5,025 (17,465)	7,376 34,348
	Decrease in creditom			(34,737)	(68,402)
	Nct cash used by operating	activities		(29&998)	(38,903)
18.	Analysis ofcash and cash equivalents			2020	2019
	Cash at bank and in hand			868,182	899,499
	Total cash and cash equivalents			868,182	899,499