| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 23 |
| Detailed Statement of Financial Activities | 24 | to | 25 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Notes | fund f |
fundsf | fundsf | funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
886,779 | 97,168 | 983,947 | 913,392 | |||
| Charitable activities |
|||||||
| Weekends away Midweek in Mayfair Special Events Transfer from old charity The Bridge Battersea |
28,285 14,100 |
14,165 43,247 |
28,285 14,165 14,100 43,247 |
39,497 24,000 30,793 399,278 42,132 |
|||
| Other trading activities Investment Income |
1,750 354 |
1,750 354 |
3,284 422 |
||||
| Total | 931,268 | 154,580 | 1,085,848 | 1,452,798 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Ministry expenses Weekends away Special Events Bookstall Charitable expenses |
726,899 33,963 3,137 2,586 tna 309 |
98,734 7 37a |
825,633 33,963 3,137 2,586 11168" |
752,738 45,732 45,382 5,845 8n svs |
|||
| NET INCOME | 60,375 | 48,472 | 108,847 | 522,426 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 494,347 | 26,279 | 520,626 | (1,800) | ||
| TOTAL FUNDS CARRIED FORWARD | 554,722 | 74,751 | 629,473 | 520,626 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| FIXEDASSETS | Notes | fund f |
funds f |
funds f |
fundsf | |
| Tangible assets | 14 | 79,959 | 21,865 | 101,824 | 110,605 | |
| CURRENT ASSETS | ||||||
| Stocks Debtors Cash at bank and |
In hand | 15 16 |
1,877 418,094 83,238 |
52,886 | 1,877 418,094 136,124 |
1,877 278,229 179,528 |
| 503,209 | 52,886 | 556,095 | 459,634 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
17 | (28,446) | (28,446) | (49,613) | ||
| NET CURRENT ASSETS | 474,763 | 52,886 | 527,649 | 410,021 | ||
| TOTAL ASSETS | LESSCURRENT LIABILITIES | 554,722 | 74,751 | 629,473 | 520,626 | |
| NET ASSETS | 554,722 | 74,751 | 629,473 | 520,626 | ||
| FUNDS | 19 | |||||
| Unrestricted funds Restncted fun "c |
554 722 7",,75 i 62(t4I73 |
494,347 76,770 5~ |
| Notes | 2020 6 |
2019 f |
||
|---|---|---|---|---|
| Cash flows from operating activities Cash generated from operations |
1 | (38,672) | 74,046 | |
| Interest paid | (1,449) | (1,104) | ||
| Net cash (used in)/provided | by operating | activities | (40,121) | 72,942 |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets |
(3,637) | |||
| Interest received | 354 | 422 | ||
| Net cash (used in)/provided | by investing | activities | (3,283) | 422 |
| Change In cash and cash the reporting period |
equivalents | in | (43,404) | 73,364 |
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 179,528 | 106,164 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
136,124 | 179,528 |
| RECONCILIATION OF NET |
INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | |
|---|---|---|---|
| Net Income for the reporting | period (as per the Statement ofFinancial | 2020f | 2019 6 |
| Activities) AdJustments for: |
108,847 | 522,426 | |
| Depreciation charges Interest received Interest paid Transfer oftangibles assets Increase in stocks Increase in debtors Decrease in creditors |
12,418 (354) 1,449 (139,865) (21,167) |
12,264 (422) 1,104 (122,869) (1,877) (278,229) (58,351) |
|
| Net cash (used in)/provided | by operations | (38,672) | 74,046 |
| 2. | ANALYSIS OF CHANGES | IN NET FUNDS | |||
|---|---|---|---|---|---|
| At 1/10/19 | Cash Row | At 30/9/20 | |||
| Net cash | 6 | 6 | 6 | ||
| Cash at bank and in hand | 179,528 | (43,404) | 136,124 | ||
| 179,528 | (43,404) | 136,124 | |||
| Total | 179,528 | (43,404) | 136,124 |
| 3. | DONATIONS AND |
DONATIONS AND |
LEGACIES | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| 6 | 6 | ||||||||
| Gifts | 779,632 | 759,741 | |||||||
| Gift aid | 159,903 | 142,412 | |||||||
| Grants | 44,412 | 11,239 | |||||||
| 983,947 | 913,392 | ||||||||
| Induded in |
grants | is the following | government grants: |
||||||
| 2020 | 2019 | ||||||||
| f | f | ||||||||
| Coronavirus | Job Retention Scheme | 9,957 | |||||||
| 4. | OTHER TRADING | ACTIVITIES | |||||||
| 2020 | 2019 | ||||||||
| 8 | f | ||||||||
| Bookstallincome | 1,750 | 3,284 | |||||||
| 5. | INVESTMENT INCOME | ||||||||
| 2020 | 2019 | ||||||||
| f | 6 | ||||||||
| Deposit account interest | 354 | 422 | |||||||
| 6. | INCOME FROM CHARITABLE | ACTIVITIES | |||||||
| Activiiy | 2020f | 2019 f |
|||||||
| Weekends | away | Weekends | away | 28,285 | 39,497 | ||||
| Midweek in |
Mayfair | Midweek | in Mayfair | 14,165 | 24,000 | ||||
| Income from special events | Spectal Events | 14,100 | 30,793 | ||||||
| Exceptional | items | Transfer from old charity | 399,278 | ||||||
| The Bridge | Battersea | The Bridge Battersea | 43,247 | 42,132 | |||||
| 99,797 | 535,700 | ||||||||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||||||
| Grant | |||||||||
| funding | of | ||||||||
| activities | Support | ||||||||
| Direct | (see note | costs (see | |||||||
| Costs | 8)f | note 9) f |
Totalsf | ||||||
| Ministry expenses | 632,295 | 193,338 | 825,633 | ||||||
| Weekends | away | 33,963 | 33,963 | ||||||
| Special Events | 3,137 | 3,137 | |||||||
| Bookstall | 2,586 | 2,586 | |||||||
| Charitable | expenses | 111,682 | 111,682 | ||||||
| 671,981 | 111,682 | 193,338 | 977,001 |
| GRANTS PAYABLE | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||||
| 6 | f | ||||||||||
| Charitable expenses |
111,682 | 80,675 | |||||||||
| The total grants paid to | institutions | in the year was as | follows: | ||||||||
| 2020 | 2019 | ||||||||||
| 6 | 6 | ||||||||||
| Ovemeas Missionary Fellowship Mission Support Giving BCMT Ltlj |
4,000 21,750 5,100 |
4,000 32,200 2,100 |
|||||||||
| AIM International UFM Worldmde Dagenham Gospel Trust |
Smaliwoods | 2,250 18,000 1,000 |
4,500 13,000 2,000 |
||||||||
| University and Colleges LSEStudent Union |
Christian | Fellowship | 14,500 150 |
9,000 250 |
|||||||
| Imperial College Union | 250 | ||||||||||
| Pioneers UK Ministries The Bridge Battersea Tamer Crosslinks |
Mission | 2,500 1,742 10,000 2,000 |
2,500 4,179 5,699 |
||||||||
| Living Word International Churches Working Together |
in Central | London | 8,500 30 |
||||||||
| St George' s The PCC ofChrist Church |
Down | Street | 1,000 11,442 |
||||||||
| LCM | 507 | ||||||||||
| Total | 104,471 | 79,678 | |||||||||
| SUPPORT COSTS | |||||||||||
| Governance | |||||||||||
| Management | Finance | Other | costs | Totals | |||||||
| 6 | 6 | f | |||||||||
| Ministry expenses | 138,139 | 12,855 | 36,183 | 6,161 | 193,338 | ||||||
| Support costs, induded | in | the | above, | are as follows. | |||||||
| Management | |||||||||||
| 2020 | 2019 | ||||||||||
| Ministry | Total | ||||||||||
| expenses f |
activities f |
||||||||||
| Wages Social security Pensions Central admin and sundry Accountancy |
costs | 70,082 7,268 24,267 28,520 8,002 |
68,947 6,021 10,584 24,235 6,345 |
||||||||
| 138,139 | 116,132 |
| Finance | ||||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Ministry | Total | |||||
| expenses f |
activities f |
|||||
| Bank charges | 437 | |||||
| Depreciation | oftangible | fixed assets | 12,418 | 12,264 | ||
| 12,855 | 12,264 | |||||
| Other | ||||||
| 2020 | 2019 | |||||
| Ministry | Total | |||||
| expenses f |
activities 6 |
|||||
| Sundries | 1,209 | |||||
| Recharged costs | 36,183 | 39,946 | ||||
| 36,183 | 41,155 | |||||
| Governance | costs | |||||
| 2020 | 2019 | |||||
| Ministry | Total | |||||
| expenses f |
activities 6 |
|||||
| Auditors' | remuneration | 3,000 | 3,000 | |||
| Auditors' | remuneration | for non audit work | 3,161 | 4,730 | ||
| 6,161 | 7,730 | |||||
| 10. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 2020 | 2019f | |||||
| Auditors' | remuneration | 3,000 | 3,000 | |||
| Auditors' | remuneration | for non audit work | 3,161 | 4,730 | ||
| Depreciation | —owned assets | 12,418 | 12,264 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Wages and salaries Social security costs Other pension costs |
339,839 15,460 34,600 |
319,375 16,092 43,308 |
|||||
| 389,899 | 378,775 | ||||||
| The average | monthly | number ofemployees | during the year was as follows: | ||||
| 2020 | 2019 | ||||||
| Ministry | staff | 10 | 9 | ||||
| Administration | staff | 2 | 3 | ||||
| 12 | 12 |
| The key management personnel compensation during the year was: f42,934(2019: |
The key management personnel compensation during the year was: f42,934(2019: |
f37,530). | |
|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | |
| fundf | funds f |
fundsf | |
| INCOME AND ENDOWMENTS | FROM | ||
| Donations and legacies |
904,064 | 9,328 | 913,392 |
| Charitable activities |
|||
| Weekends away Midweek in Mayfair Spedal Events Transfer from old charity The Bridge Battersea |
39,497 30,793 373,032 |
24,000 26,246 42,132 |
39,497 24,000 30,793 399,278 42,132 |
| Other trading activities Investment income |
3,284 422 |
3,284 422 |
|
| Total | 1,351,092 | 101,706 | 1,452,798 |
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Ministry expenses Weekends away Special Events Bookstall Charitable expenses |
677,311 45,732 45,382 5,845 80,675 |
75,427 | 752,738 45,732 45,382 5,845 80,675 |
| Total | 854,945 | 75,427 | 930,372 |
| NET INCOME | 496,147 | 26,279 | 522,426 |
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward | (1,800) | (1,800) |
| 13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund f |
funds f |
fundsf | ||
| TOTAL FUNDS CARRIED FORWARD | 494,347 | 26,279 | 520,626 | |
| 14. | TANGIBLE FIXEDASSETS | |||
| Short | Fixtures | |||
| leasehold f |
Kitchen f |
&fittings f |
||
| COST | ||||
| At 1 October 2019 | 81,909 | 26,245 | 3,259 | |
| Additions | ||||
| At 30September 2020 | 81,909 | 26,245 | 3,259 | |
| DEPRECIATION | ||||
| At 1 October 2019 | 5,649 | 2,190 | 688 | |
| Charge for year | 5,649 | 2,190 | 688 | |
| At 30September 2020 | 11,298 | 4,380 | 1,376 | |
| NET BOOK VALUE | ||||
| At 30September 2020 | 70,611 | 21,865 | 1,883 | |
| At 30September 2019 | 76,260 | 24,055 | 2,571 | |
| Church | Office | |||
| equipment f |
equipment f |
Totals f |
||
| COST | ||||
| At 1 October 2019 | 2,998 | 8,458 | 122,869 | |
| Additions | 3,593 | 44 | 3,637 | |
| At 30September 2020 | 6,591 | 8,502 | 126,506 | |
| DEPRECIATION | ||||
| At 1 October 2019 | 1,149 | 2,588 | 12,264 | |
| Charge for year | 1,463 | 2,428 | 12,418 | |
| At 30September 2020 | 2,612 | 5,016 | 24,682 | |
| NET BOOK VALUE | ||||
| At 30September 2020 | 3,979 | 3,486 | 101,824 | |
| At 30September 2019 | 1,849 | 5,870 | 110,605 |
| 15. | STOCKS | ||||||
|---|---|---|---|---|---|---|---|
| Finished goods | 2020 f 1,877 |
2019 f 1,877 |
|||||
| 16. | DEBTORS:AMOUNTS | FALLING DUE WITHIN | ONE YEAR | ||||
| Other debtors Prepayments and accrued |
income | 2020 f 392,351 25,743 |
2019 f 249,238 28,991 |
||||
| 418,094 | 278,229 | ||||||
| 17. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE | YEAR | ||||
| Trade creditors Social security and other Other creditors Accrued expenses |
taxes | 2020 f 7,132 5,129 11,501 4,684 |
2019 f 704 4,824 3,419 40,666 |
||||
| 28,446 | 49,613 | ||||||
| 18. | LEASING AGREEMENTS | ||||||
| Minimum lease payments |
under non-cancellable | operating | leases fall due as follows: | ||||
| 2020 f |
2019 f |
||||||
| Within one year Between one and five years |
117,051 280,545 |
110,139 73,164 |
|||||
| 397,596 | 183,303 |
| MOVEMENT IN FU |
NDS | |||
|---|---|---|---|---|
| Net | ||||
| At | movement | At | ||
| Unrestricted funds |
1/10/19 f |
in funds f |
30/9/20 f |
|
| General fund | 494,347 | 60,375 | 554,722 | |
| Restricted funds | ||||
| Kitchen fund Webber St Property Deacons' Fund Building project |
fund | 26,246 33 |
(4,381) 49,975 2,878 |
21,865 33 49,975 2,878 |
| 26,279 | 48,472 | 74,751 | ||
| TOTAL FUNDS | 520,626 | 108,847 | 629,473 |
| Nst mov | ement in fun |
ds, induded in ths above |
are as follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources 6 |
expended f |
in funds f |
|||
| Unrestricted funds |
|||||
| General | fund | 931,268 | (870,893) | 60,375 | |
| Restricted funds | |||||
| Midweek | in Mayfair | 14,165 | (14,165) | ||
| Kitchen | fund | (4,381) | (4,381 ) | ||
| The Bridge Battersea | 43,247 | (43,247) | |||
| Webber | St Property | fund | 507 | (507) | |
| Church | Plants Fund | 34,455 | (34,455) | ||
| Deacons' Fund | 56,842 | (6,867) | 49,975 | ||
| Building | project | 5,364 | (2,486) | 2,878 | |
| 154,580 | (106,108) | 48,472 | |||
| TOTAL | FUNDS | 1,085,848 | (977,001) | 108,847 |
| Comparatives | for | moveme | nt In funds |
|||
|---|---|---|---|---|---|---|
| Net | ||||||
| At | movement | At | ||||
| 1/10/1 8 | in funds | 30/9/1 9 | ||||
| f | 6 | 6 | ||||
| Unrestricted | funds | |||||
| General fund | (1,800) | 496,147 | 494,347 | |||
| Restricted funds | ||||||
| Kitchen fund | 26,246 | 26,246 | ||||
| Webber St Property | fund | 33 | 33 | |||
| 26,279 | 26,279 | |||||
| TOTALFUNDS | (1,800) | 522,426 | 520,626 | |||
| Comparative | net movement | in funds, inrfuded | in the above are as follows: | |||
| Incoming | Resources | Movement | ||||
| resources 6 |
expended f |
in funds f |
||||
| Unrestricted | funds | |||||
| General fund |
1,351,092 | (854,945) | 496,147 | |||
| Restricted funds | ||||||
| Midweek in Mayfair |
24,000 | (24,000) | ||||
| Kitchen fund | 26,246 | 26,246 | ||||
| Ths Bridge Battersea | 42,132 | (42,132) | ||||
| Wsbber St Property | fund | 33 | 33 | |||
| Church Plants |
Fund | 9,295 | (9,295) | |||
| 101,706 | (75,427) | 26,279 | ||||
| TOTALFUNDS | 1,452,798 | (930,372) | 522,426 |
| A current year 12 m | onths | and prior year 12months |
combined p |
osition is as follo |
ws: | |
|---|---|---|---|---|---|---|
| Net | ||||||
| At | movement | At | ||||
| 1/10/18 | in funds | 30/9/20 | ||||
| Unrestricted funds |
6 | 6 | f | |||
| General fund |
(1,800) | 556,522 | 554,722 | |||
| Restricted funds | ||||||
| Kitchen fund Webber St Property Deacons' Fund Building project |
fund | 21,865 33 49,975 2,878 |
21,865 33 49,975 2,878 |
|||
| 74,751 | 74,751 | |||||
| TOTAL FUNDS | (1,800) | 631,273 | 629,473 | |||
| A current year 12 months |
and prior year 12 months | combined | net movement | in funds, included |
in the above | |
| as follows: | ||||||
| Incoming | Resources | Movement | ||||
| Unrestricted funds |
resoul'ces f |
expended f |
in funds 6 |
|||
| General fund | 2,282,360 | (1,725,838) | 556,522 | |||
| Restricted funds | ||||||
| Midweek in Mayfair Kitchen fund The Bridge Battersea Webber St Property fund Church Plants Fund Deacons' Fund Building project |
38,165 26,246 85,379 540 43,750 56,842 5,364 |
(38,165) (4,381) (85,379) (507) (43,750) (6,867) (2,486) |
21,865 33 49,975 2,878 |
|||
| 256,286 | (181,535) | 74,751 | ||||
| TOTAL FUNDS | 2,538,646 | (1,907,373) | 631,273 |
| 2020 6 |
2019f | |
|---|---|---|
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts Giff aid Grants |
779,632 159,903 44,412 |
759,741 142,412 11,239 |
| 983,947 | 913,392 | |
| Other trading activities | ||
| Bookstallincome | 1,750 | 3,284 |
| Investment Income |
||
| Deposit account interest | ||
| Charitable activities |
||
| Weekends away Midweek in Mayfair Income from special events The Bridge Battersea Exceptional items |
28,285 14,165 14,100 43,247 |
39,497 24,000 30,793 42,132 399,278 |
| 99,797 | 535,700 | |
| Total incoming resources |
1,085,848 | 1,452,798 |
| EXPENDITURE | ||
| Charitable activities |
||
| Wages Social security Pensions Rates and water Insurance Down Street costs Weekend away costs Church costs Ministry trainee costs Office costs Staff costs Special event expenditure Repairs and maintenance Bank interest Grants to institutions Grants to individuals |
269,757 8,192 10,333 10,208 3,075 59,545 33,963 7,302 34,349 82,434 122,748 27,277 1,349 1,449 104,815 6,867 |
250,428 10,071 32,724 9,011 1,012 55,338 45,732 39,316 18,157 80,250 82,175 47,098 1,104 80,675 |
| 783,663 | 753,091 | |
| Support costs | ||
| Management | ||
| Wages Social security Pensions Carried forward |
70,082 7,268 24,267 101,617 |
68,947 6,021 10,584 85,552 |
| 2020f | 2019f | |||
|---|---|---|---|---|
| Management | ||||
| Broughtforward | 101,617 | 85,552 | ||
| Central admin | and sundry costs | 28,520 | 24,235 | |
| Accountancy | 8,002 | 6,345 | ||
| 138,139 | 116,132 | |||
| Finance | ||||
| Bank charges | 437 | |||
| DeprerSation | oftangible | fixed assets | 12,418 | 12,264 |
| 12,855 | 12,264 | |||
| Other | ||||
| Sundries | 1,209 | |||
| Recharged costs | 36,183 | 39,946 | ||
| 36,183 | 41,155 | |||
| Governance | costs | |||
| Auditors' remuneration |
3,000 | 3,000 | ||
| Auditors' remuneration |
for non audit work | 3,161 | 4,730 | |
| 6,161 | 7,730 | |||
| Total resources | expended | 977,001 | 930,372 | |
| Net Income | 108,847 | 522,426 |