OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Church in the Peak

Report and Accounts Year ended 31 December 2020

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

CHURCH IN THE PEAK

FOR THE YEAR ENDED 31 DECEMBER 2020

CHARITY INFORMATION

Trustees Chris Cookman Karen Errett Neal Garratt Phil Hardy Paul Hay Peter Williams Ruth Longfellow Governing Document CIO Foundation registered 29 April 2014 Charity Registration No. 1156840 Registered Office The Lime Tree Lime Tree Business Park Lime Tree Rd Matlock, DE4 3EJ Independent Examiner Lisa Darby ACA Stewardship 1 Lamb's Passage London, EC1Y 8AB Bankers Lloyds Bank 2-6 Market Street Wigan WN1 1JN

CONTENTS
Page
Charity Information 1
Trustees' Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-15
Detailed Statement of Financial Activities with Comparatives 16

Page 1

CHURCH IN THE PEAK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees have pleasure in submitting the Report and Accounts for the year to 31 December 2020.

Objects of the charity

The Trust seeks to demonstrate the Christian faith in action through its Sunday gatherings, mid week activities, community focussed work such as Jigsaw and Totzone, and equipping the church family to live out the Christian faith. Through these activities the trust seeks to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused whether locally or in another country. The trust also aims to promote and fulfil other such charitable purposes beneficial to the community.

Government

The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the Trust.

The trustees during the year were Peter Williams (Chairman, Trustee & Elder), Chris Cookman (Secretary & Treasurer), Karen Errett (Trustee), Neal Garratt (Trustee & Elder), Phil Hardy (Trustee & Elder), Paul Hay (Trustee) and Ruth Longfellow (Trustee).

Formal trustees’ meetings were held on 26th January (in person), 31st May (via Zoom), 11th October (via Zoom) and 6th December 2020 (via Zoom).

Dave Watmore attended the meetings in his capacity as Elder.

Review of Activities

The Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. The Church in the Peak; its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of the Peak District come into this experience of knowing Jesus as their Lord, Saviour and friend

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. During the year there has been a demonstration of the Christian faith in action by serving the community in which it operates in the following ways:

Page 2

Resourcing: Neal Garratt (elder/trustee), Phillip Hardy (elder/trustee), Peter Williams (elder/trustee) and Dave Watmore (elder) lead the church as a team. Sarah Charker continues working part-time as the Building Facilitator (responsible for arranging and managing bookings of The Lime Tree etc.). Emily Currell continued her part-time role as a Youth Worker and was on maternity leave for much of 2020. Partly as a result of her maternity leave, Emily stopped working part-time as a Youth Worker for Holy Trinity Matlock Bath during 2020. During Emily’s maternity leave, Beth Crowley was employed in a temporary, part-time capacity as office/admin support. In March 2020, Bronic Hoon resigned from his role as Building Manager/Caretaker. Bronic was replaced by Anthony Harris. Paul Blecker continues working for the church part-time, covering various aspects of the day-to-day Finance and IT work. Jackie Hughes continues to work part-time as a debt-advisor under our continued association to Community Money Advice (CMA).

Premises : Sunday meetings were held at The Lime Tree, Matlock, which was refurbished between November 2017 and May 2018. The building provides Sunday capacity for up to 200 people and car parking, as well as facilitating all of the mid-week activities currently operating. Many of the rooms in the building are hired on a regular basis by local groups. A lease on Unit 13 next the Lime Tree continues to house all the social action work of the church, such as the Jigsaw Foodbank. In mid-2020, the temporary lease on another unit on the estate, Unit 10, was surrendered at the request of the landlord due to him finding a full-time occupant for the property. Community needs continued to be met via the provision of services. In particular, this includes the continued operation and expansion of the Jigsaw Project (for more details, see the “Activities” section below).

Attendance : Prior to Coronavirus, over 90 adults regularly attended Sunday services, and preparations were being made for increase next year. Midweek community groups met in the strategic towns of Bakewell, Baslow, Belper, Matlock, Rowsley and Wirksworth.

Activities : Church in the Peak is a welcoming outward-looking all-age church particularly attractive to families, and special activities take place each week for babies and toddlers (Totzone on a Tuesday, and Treasure Tots on a Sunday), primary school aged children (KidZone) and two youth groups (Xplor and Emerge) many of whom camped together at “NewDay”, a major national youth event, at the Norfolk Showground (cancelled in 2020 and 2021 due to Coronavirus). A youth worker, Emily Currell, was employed during the year for two days a week to serve the youth in the church, and develop wider links into the community, and local churches. Church in the Peak has a child protection policy and relevant workers are trained in child protection and have a satisfactory disclosure from the Disclosure & Barring Service.

During the year, the church continued to run and expand the Jigsaw Project. Jigsaw is a project which provides support, befriending and signposting advice to the poor, afflicted and those in need in Matlock and Derbyshire Dales. The Jigsaw Project operates a weekly café, a food bank, emergency crisis food parcels and a clothes bank. Jackie Hughes is employed to oversee our Jigsaw Project and head up our involvement with Community Money Advice (debt management advice).

During the year, the church actively supported a local church in Yalova (Turkey) with this refugee project, and closer to home, the work of Matlock Area Schools Trust (MAST), a non-denominational team of school teams who take assemblies and other activities in schools.

Page 3

Coronavirus Response: Throughout the Coronavirus lockdowns and restrictions of 2020, the church did not furlough any staff. Sunday meetings were livestreamed via the public church Facebook Group. During times when meetings of larger groups were permitted, socially distanced meetings were held at The Lime Tree in Matlock and also at the Peak Ales Visitor Centre near Bakewell. At The Lime Tree, a second room was available for limited numbers of people who were shielding. When ‘in-person’ meetings took place, all Coronavirus guidelines were adhered to, including limited numbers, prebooking, collecting of contact details, and sitting at named spaces at physically-distanced tables while wearing masks.

Bookings for use of The Lime Tree stopped completely during the lockdowns and didn’t start up again until mid-2021.

During the Coronavirus restrictions, referrals for the Jigsaw Project services, especially the Foodbank, almost doubled. Meeting this need would not have been possible without the numerous generous donations we received for the Jigsaw project. These donations have come from individuals (both church and non-church members) and from organisations as grants. In 2020, we received over £83,500 in donations/grants for Jigsaw as well in addition to food contributions. We have been blessed by the generosity of people in these difficult times. Larger donations/grants have come from the NFU, Platform Housing, Derbyshire Dales District Council, the Chatsworth Charitable Trust, local Rotary Clubs and others.

We prayerfully ensured that we used the money entrusted to us wisely and in accordance with the donor’s wishes. Almost everyone said that their donations could be used for the foodbank “as we see fit”, rather than specifying what their donations were used for. As well as the direct costs of the food, we have used the financial donations to pay for new fridges and freezers, extra racking, the increased fuel costs for the deliveries, the costs of Unit 13, and a contribution towards the rent and utilities for The Lime Tree (as Jigsaw is currently using three rooms full time). We have also been able to replace the van that was used for Jigsaw food deliveries. The van was partly funded by grants/donations and partly through church funds

As lockdown restrictions eased in late-Spring 2021, the church resumed socially-distanced meetings in person on Sunday mornings while continuing the live streams on Facebook. These meetings were at The Lime Tree in Matlock and Haarlem Mill in Wirksworth.

Financial Review

Total income for the year was £318,331 (2019 £286,960). Expenditure was £299,075 (2019 £286,328) resulting in a surplus for the year of £19,256

At the end of the year total reserves were £419,847 (2019 £400,591) of which £49,158 (2019 £42,429) was restricted. General funds were £44,058 (2019 £1,837). The trustees are taking actions intended to see the general funds increase during 2021.

Reserves policy

The church's policy on reserves is to keep 3 months worth of normal running cost on hand which equates to around £45,000.

Page 4

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.

Responsibilities of trustees under charity law

The trustees 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).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the trustees 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

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

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

Chris Cookman

Date: 10 October 2021

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CHURCH IN THE PEAK

I report to the trustees on my examination of the accounts of Church in the Peak (the charity) for the year ended 31 December 2020 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute od Chartered Accounts in England and Wales, which is one of those listed bodies.

I have completed my examination. I confirm that no material 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 charity as required by section 130 of the Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Lisa Darby ACA Institute of Chartered Accountants in England and Wales

For and on behalf of: Stewardship 1 Lamb's Passage London, EC1Y 8AB

Date: 11 October 2021

Page 6

CHURCH IN THE PEAK

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

SUMMARY INCOME AND EXPENDITURE ACCOUNT

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Donated goods
3
Trading activities
Charitable activities
Other income and endowments
4
Total income and endowments
EXPENDITURE ON
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total funds
Total funds
Funds
Funds
2020
2019
£
£
£
£
143,465
136,460
279,925
227,105
-
28,580
28,580
41,318
-
7,023
-
7,023
5,044
1,803
-
1,803
12,748
1,000
-
1,000
746
153,291
165,040
318,331
286,961
154,577
144,498
299,075
286,328
154,577
144,498
299,075
286,328
(1,286)
20,542
19,256
633
13,813
(13,813)
-
-
12,527
6,729
19,256
633
358,162
42,429
400,591
399,957
370,689
49,158
419,847
400,591

Movements on reserves and all recognised gains and losses are shown above.

The notes on page 9-15 form part of these accounts.

Page 7

CHURCH IN THE PEAK

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Stock
8
Debtors
9
Cash at bank
10
CREDITORS: Amounts falling
due within one year
11
Net Current Assets
TOTAL NET ASSETS
FUND BALANCES
Unrestricted funds
12
General Funds
Designated funds
Restricted Funds
12		 Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
357,573
-
357,573
357,697
-
528
528
20,152
3,475
-
3,475
4,765
13,176
48,630
61,806
20,777
16,651
49,158
65,809
45,694
3,535
-
3,535
2,800
13,116
49,158
62,274
42,894
370,689
49,158
419,847
400,591
44,058
-
44,058
1,837
326,631
-
326,631
356,325
-
49,158
49,158
42,429
370,689
49,158
419,847
400,591

Approved by the Trustees and signed on their behalf by:

Chris Cookman

Date: 10 October 2021

The notes on page 9-15 form part of these accounts.

Page 8

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Statutory Information

The charity is a charitable incorporated organisation registered in England & Wales. The charity's registered number and principal address can be found on the Charity 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") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

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

Going concern

In making this assessment the trustees have considered the impact of Covid-19 and have concluded that it's impact on net income will not be material.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock.

Page 9

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

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 the hire of the church and other ministry activities.

Other income includes gains arising from the disposal of tangible fixed assets.

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

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.

d) Fund accounting

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life 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.

g) Leased assets

Page 10

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

h) Pension scheme arrangements

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.

3
Voluntary income
General donations
Grants
Tax recoverable
Donated goods
Foodbank
4
Other income and endowments
Gains on disposal of tangible fixed assets
Other income
5
Charitable activity
a
Direct Charitable Costs
Employment costs
Property costs
Children & Youth
Communications
Mission
Outreach activities
Social Action
Sunday meetings
Training & Development
Motor and travel
Other costs
Grants payable
Note 3c
Donated goods
Note 3d
b
Support & Administration
Governance costs
Office costs
Finance and insurance
Combined charitable activity cost		 Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
119,523
122,394
241,916
190,344
-
-
-
-
23,942
14,066
38,008
36,762
143,465
136,460
279,924
227,106
Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
-
28,580
28,580
41,318
-
28,580
28,580
41,318
Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
1,000
-
1,000
-
-
-
-
746
1,000
-
1,000
746
Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
66,143
1,742
67,885
70,275
52,235
12,527
64,763
87,046
950
-
950
4,415
3,550
-
3,550
2,123
2,853
-
2,853
659
1,806
-
1,806
6,953
-
39,558
39,558
4,533
1,682
-
1,682
1,765
30
-
30
2,008
751
2,276
3,027
1,878
1,836
353
2,189
1,675
15,111
39,837
54,949
66,762
-
48,204
48,204
27,673
146,947
144,498
291,445
277,764
£
£
£
£
3,623
-
3,623
2,580
1,361
-
1,361
4,090
2,645
-
2,645
1,895
7,629
-
7,629
8,564
154,577
144,498
299,075
286,328

Fees payable to Stewardship, other than for the annual accounts and independent examination of £3,180 totalled £nil (2019: £nil).

Page 11

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

c
Grants
Institutions
Individuals
2020
£
£
£
Missionary support
8,471
8,100
16,571
Relief of poverty
17,520
-
17,520
Educational grants
-
20,858
20,858
25,991
28,958
54,949
Institutions
Individuals
2019
The comparatives for the previous year are as follows:
£
£
£
Missionary support
9,144
40,104
49,248
Relief of poverty
14,500
2,413
16,913
Educational grants
-
-
-
23,644
42,517
66,161
The charity's principal grants to institutions comprised:
2020
2019
£
£
Catalyst Network of churches
4,771
4,644
Yalova Refugee Food Project
8,420
6,000
Fountain of Life, India
8,100
6,000
Home of hope (India)
1,000
2,500
Belgaum church India
3,700
4,500
Total institutional grants
25,991 23,644
d
Donated goods
Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
Foodbank
-
48,204
48,204
27,673
-
48,204
48,204
27,673
6
Staff & Trustees
2020
2019
£
£
Gross wages, salaries & benefits in kind
65,639
70,156
Employer's National Insurance costs
242
1,091
Pension costs
2,004
2,248
Total staff costs
67,885
73,495		 c
Grants
Institutions
Individuals
2020
£
£
£
Missionary support
8,471
8,100
16,571
Relief of poverty
17,520
-
17,520
Educational grants
-
20,858
20,858
25,991
28,958
54,949
Institutions
Individuals
2019
The comparatives for the previous year are as follows:
£
£
£
Missionary support
9,144
40,104
49,248
Relief of poverty
14,500
2,413
16,913
Educational grants
-
-
-
23,644
42,517
66,161
The charity's principal grants to institutions comprised:
2020
2019
£
£
Catalyst Network of churches
4,771
4,644
Yalova Refugee Food Project
8,420
6,000
Fountain of Life, India
8,100
6,000
Home of hope (India)
1,000
2,500
Belgaum church India
3,700
4,500
Total institutional grants
25,991 23,644
d
Donated goods
Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
Foodbank
-
48,204
48,204
27,673
-
48,204
48,204
27,673
6
Staff & Trustees
2020
2019
£
£
Gross wages, salaries & benefits in kind
65,639
70,156
Employer's National Insurance costs
242
1,091
Pension costs
2,004
2,248
Total staff costs
67,885
73,495		 Institutions
Individuals
2020
£
£
£
8,471
8,100
16,571
17,520
-
17,520
-
20,858
20,858		 Institutions
Individuals
2020
£
£
£
8,471
8,100
16,571
17,520
-
17,520
-
20,858
20,858
25,991
28,958
54,949
Institutions
Individuals
2019
£
£
£
9,144
40,104
49,248
14,500
2,413
16,913
-
-
-
23,644 42,517
66,161
2020
2019
£
£
4,771
4,644
8,420
6,000
8,100
6,000
1,000
2,500
3,700
4,500
25,991 23,644
-
48,204		 48,204
27,673
2020
2019
£
£
65,639
70,156
242
1,091
2,004
2,248
67,885
73,495

The average number of staff employed during the year was 5.5 (2019:5.5). 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 solely of the trustees. No trustee received remuneration during the year.

7
Tangible Fixed Assets
Cost
At 1 January 2020
Additions
Disposals
At 31 December 2020
Accumulated Depreciation
At 1 January 2020
Charge for the year
Eliminated on disposal
At 31 December 2020
Net book value
At 31 December 2020
At 1 January 2020		 Leasehold
Equipment
Motor
Total
property
& Fittings
vehicles
2020
£
£
£
£
423,641
3,428
1,800
428,869
-
18,073
14,313
32,386
-
-
(1,800)
(1,800)
423,641
21,501
14,313
459,455
67,315
2,057
1,800
71,172
29,694
2,220
596
32,510
-
-
(1,800)
(1,800)
97,009
4,277
596
101,882
326,632
17,224
13,717
357,573
356,326
1,371
-
357,697

Page 12

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

8
Stock
Donated goods
For distribution
9
Debtors and Prepayments
Trade debtors
Tax recoverable
Other Debtors
10
Cash at Bank and in Hand
Bank operating accounts
Bank deposits
11
Creditors: liabilities falling due within one year
Accruals		 2020
2019
£
£
528
20,152
528
20,152
98
2,076
2,827
2,689
550
-
3,475
4,765
61,806
20,777
-
-
61,806
20,777
3,535
2,800
3,535
2,800

12 Funds

The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:

Lime Tree Building Project
Debt management
Yalova Project
Other staffing grants
Jigsaw project - foodbank
Jigsaw project - clothes
Prides Bethel
2019 Gift Day
2020 Gift Day
Mission - Crowley
Mission - India
Catalyst
Other
Foodbank donated goods		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
in the year
balance
£
£
£
£
£
50
-
(50)
-
-
6,358
4,500
(1,667)
-
9,191
-
7,763
(8,420)
-
658
-
-
1,742
(1,742)
-
-
2,276
83,575
(40,168)
(8,761)
36,923
150
30
-
-
180
2,383
20,948
(20,858)
-
2,474
10,356
-
(10,356)
-
-
-
17,029
(12,477)
(4,552)
-
500
-
-
(500)
-
204
-
(204)
-
-
-
520
-
-
520
-
353
(353)
-
-
20,152
28,580
(48,204)
-
528
42,429
165,040
(144,498)
(13,813)
49,158

Page 13

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2019 comparative restricted funds figures

Lime Tree Building Project
Debt management
Yalova Project
Christmas Offering
Other staffing grants
Jigsaw project - food
Jigsaw project - clothes
Prides Bethel
Foodbank donated goods
Mission - Crowley
Mission - Earlem
Mission - India
Hurst Farm fun day
Youth Expenses
Fellowship/relief of poverty
2019 Gift Day		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
in the year
balance
£
£
£
£
£
-
600
(550)
-
50
2,240
5,568
(1,450)
-
6,358
322
4,740
(6,000)
938
-
177
-
-
(177)
-
-
7,568
(7,567)
-
-
-
5,060
(2,961)
177
2,276
-
195
(45)
150
2
28,967
(26,586)
-
2,383
6,507
41,318
(27,673)
-
20,152
500
500
(500)
-
500
-
91
(91)
-
-
204
10
(10)
-
204
-
20
(20)
-
-
-
24
(24)
-
-
-
2,413
(2,413)
-
-
-
10,356
-
-
10,356
9,952
107,430
(75,890)
938
42,429

The assets and liabilities represented by the various funds are as follows:

Restricted funds
Unrestricted funds
Designated funds
General funds		 Fixed
Bank & cash
Other net
Total
assets
balances
assets
2020
£
£
£
£
-
48,630
528
49,158
326,632
-
-
326,632
30,940
13,176
(60)
44,057
357,573
61,806
468
419,847

2019 comparative analysis of assets and liabilities

Restricted funds
Unrestricted funds
Designated funds
General funds		 Fixed
Bank & cash
Other net
Total
assets
balances
assets
2019
£
£
£
£
-
22,277
20,152
42,429
356,325
-
-
356,325
1,372
(1,500)
1,965
1,837
357,696
20,777
22,117
400,591

The debt management fund was created as a social enterprise fund to help people better manage personal finance. It The Yalova project fund was created to support a refugee project run out of a church in Turkey.

The staffing fund was created to enable donations to be provided for the specific purpose of paying for members of staff.

The Jigsaw project is a social enterprise project created to help the local community. Two separate funds have been created, one for the distribution of food and the other for the distribution of clothes. A further fund is used to show donated and distributed goods associated with the project.

Page 14

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

The Prides educational fund was created to enable specific donations to be provided to support the Pride family as they continue their spiritual training in the United States.

The 2019 Gift Day is a fund intended to support mission both within the church and also outside the church or overseas. At the year end, no expenditure has been apportioned against this fund.

The 2020 Gift Day was to raise money to contribute to the replacement of the church van, mainly used for Jigsaw; upgrade the partition walls in The Lime Tree ; and upgrade the PA/AV system.

The various mission funds comprise of specific donations to particular mission partners around the world. The transfer from the Crowley fund is to cover payments made to them from general funds in previous years.

The Catalyst fund is our contribution to their Covid-19 Crisis Response Fund

The transfers from the 2020 Gift Day fund and the Jigsaw fund were made to the unrestricted reserves. This represents the purchase of a van which is mainly used for the Jigsaw project.

13 Lease Commitments

The charity has a lease on a property which runs until March 2032 at a cost of £25,000 per annum rising to £26,250 from March 2022.

14 Transactions with related parties

During the year the charity:

paid expenses totalling £2,753 (2019: £nil) for one trustee to visit the church in Belgaum, India whilst carrying out duties c) associated with being a trustee.

Except as disclosed above, and where trustees have acted as agent for the charity, there has been no other transactions with related parties during the year.

Page 15

CHURCH IN THE PEAK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Donated goods
3
Trading activities
Charitable activities
Other income and endowments
Total income and endowments
EXPENDITURE ON
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
12
Total funds carried forward		 Total
General
Designated
Restricted
Funds
2020
2020
2020
2020
£
£
£
£
143,465
-
136,460
279,925
-
-
28,580
28,580
-
7,023
-
7,023
1,803
-
-
1,803
1,000
-
-
1,000
153,291
-
165,040
318,331
124,883
29,694
144,498
299,075
124,883
29,694
144,498
299,075
28,408
(29,694)
20,542
19,257
13,813
-
(13,813)
-
42,221
(29,694)
6,729
19,257
1,837
356,325
42,429
400,591
44,058
326,631
49,158
419,847
Unrestricted Funds		 Total
General
Designated
Restricted
Funds
2019
2019
2019
2019
£
£
£
£
160,995
-
66,110
227,105
-
-
41,318
41,318
-
5,044.46
-
5,044
12,748
-
-
12,748
746
-
-
746
Unrestricted Funds
179,533
-
107,428
286,961
180,744
29,694
75,890
286,328
180,744
29,694
75,890
286,328
(1,211)
(29,694)
31,538
633
(5,215)
4,277
938
-
(6,426)
(25,417)
32,477
633
8,263
381,742
9,952
399,957
1,837
356,325
42,429
400,591

Movements on reserves and all recognised gains and losses are shown above.

Page 16