## 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
- a) The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
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.
- b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items).
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
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
- e) Tangible fixed assets
- Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
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.
- f) Stocks: Stocks of donated items held for distribution to beneficiaries are measured at fair value; stocks of goods donated for the charity's own use are valued at an estimate of their value to the charity.
## g) Leased assets
- Leases for assets that transfer to the charity substantially all the risks and rewards of ownership are classified as finance leases. Assets under finance leases are recognised as assets of the charity at the inception of the lease at their fair value or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between a finance expense and a reduction of the lease obligation so as to achieve a constant rate of interest on the liability.
Page 10
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## h) Pension scheme arrangements
- The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
- i) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## 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:
- received donations totalling £43,863 (2019 £50,254) from related parties (which includes trustees, anyone closely
- a) connected to them and key management).
- b) made a salary payment to Alistair Errett, son of a Trustee of £nil (2019: £8,528).
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