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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||
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||||||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)|
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||||||||||||||||||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|
##
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|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|
##
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|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|