|||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|