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2020-12-31-accounts

Registered Charity Number: 1158977

Sharing Life. Living Faith.

Report of the Trustees and Unaudited Financial Statements For the year ended 31[st] December 2020

SOUTH STREET EVANGELICAL CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] December 2020

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Position 10
Notes to the Financial Statements 11 to 14
Detailed Statement of Financial Activities 15

SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES for the year ended 31[st] December 2020

The trustees present their report and financial statements for the year ended 31st December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Objectives and Aims

The purposes of the Charity are teaching, preaching and propagating the Christian faith in accordance with the Charity’s statement of beliefs, principally in Devon, but also by supporting and encouraging Christian faith throughout the world and to relieve the distress of those who are in conditions of need or hardship or who are aged or sick, principally in Devon, but in such other locations, both in the United Kingdom and the world as maybe thought fit.

The Church continues to meet in Christ Church on Sunday for the main meetings but use the church building in South Street extensively during the week. Other areas of work include Bible teaching ministry, Worship, Care and visiting, Home Groups, Sunday School, Toddler Groups, The Point and Youth Ministry. The Church also supports, through gifts, mission work throughout the UK and the rest of the world.

Public benefit

The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.

Achievement and Performance

Charitable activities

  1. Ugh! A year of change, change, change. We appointed team leaders, shifted to afternoon services to make space for evangelism and socialising. With the advent of COVID we quickly moved our services to YouTube, Live Stream and Zoom. We started Braunton’s first Foodbank, including free school meals, Christmas boxes and Christmas hampers going out to the vulnerable. We restarted toddler groups, held socially distanced prayer gatherings and ran an Alpha course through our zoom homegroups, with people coming to and renewing faith, new people joining the church, and some moving on to other things. We said goodbye to Rhoda who went to be with Jesus, and welcomed scrummy Wendell into a world in lockdown. We welcomed Deb Spelman, Baz Barrow and Ben Kennedy onto the Deaconate as Rosemary Sherwin decided to stand down as a Deacon after many years of providing care, cards and flowers to South Street church people. Meanwhile Richard Francis has stepped back from the eldership after decades of faithful service. Well done for your resilience, resourcefulness, compassion, generosity and creativity in 2020. As we navigate 2021 let’s keep our eyes fixed on Jesus, ready to serve him and to be a blessing to Braunton. To God alone be the Glory!

CARE TEAM

Because of the change in dynamics which lockdown has brought about for so much of the year under review, we have had to cease home visits in the main.

Most of the care has been provided within Home Groups, with the leaders having the greatest awareness of the needs and relationship with the members. The fact that we have these groups has been a huge blessing and is a great testament to the church functioning well.

I am kept informed within normal church channels of communication and have passed on some items for particular prayer to the Elders and Deacons.

Where appropriate I have arranged for flowers to be sent and have arranged for personalised cards to be made and sent.

FOOD BANK

Since starting up the food bank in March 2020 as a response to the lockdown measures imposed due to the COVID-19 outbreak; the food bank has proven to be a much needed service to both the local and wider community. What follows is a highlight of all that the food bank and it’s team have achieved over the past year.

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SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES for the year ended 31[st] December 2020

more, God Willing

HOME GROUPS

Home groups remain at the heart of South Street church as a place of coming together with our God for fellowship, worship and learning together.

Throughout the last ten months they have been particularly significant places , offering prayer ,support , connection and comfort,

Many groups have seen more regular attendance , and more groups now meet on a weekly basis.

We have been studying The Bible Project Bible studies which have been complimented by the Sunday teaching and preaching.

The team of Homegroup leaders has met much more frequently to pray for the church family and to encourage each other .We have also endeavoured to keep the whole of the church connected and cared for , not only those actively engaged in home groups.

We would value prayer for ongoing relationship building, growing in faith and closeness to God .

We would ask for prayer to be outwards looking in our care of and service to our local community especially in these strange and challenging times.

INTERN

2020 was a crazy year and everyone was challenged by the circumstances brought about by the pandemic, but the youth work at South Street pushed through.

Many things about my work changed. I was not able to continue going into Braunton Academy to hold Christian Union sessions due to concerns over the spread of COVID. Equally, the local youth club in Braunton that I volunteer with closed as well so that was something that I stopped doing around March.

In other ways the youth work thrived during this time. I held a Monday evening youth group every week (ordinarily every other week) because I felt there was a need to provide consistency for the girls who attended. This group was for years 7-9.

On top of this I acted as a mentor for one of our older teens in the church. We spent lots of time talking, studying the Bible and getting out and about (when we were allowed!)

I also managed the Sunday night youth group when Jen took some time off on maternity. This wasn’t as formal as it used to be but I would regularly check in with the two young women who attended.

My work in worship continued and I recorded many sung worship slots for our online services and then transitioned into recording in-person with a few others from the church. I also made regular appearances preaching in our services which has been a lot of fun for me as I have had the opportunity to develop my gift of teaching.

Later in the year (September) our groups were more clearly established. We held Monday night every other week and then we held a Sunday night group as a youth team every week (both on Zoom). This older youth group is for young people in year 10+. I also had the opportunity to start mentoring people more intentionally. I mentored three young women from the church, this would involve meeting up at a coffee shop or going out for a walk (depending on the restrictions we were under). I also managed to get one other young person in a mentoring relationship with someone else from the church.

I also became a chaplain for Ilfracombe Junior School which involves recording videos for them to share with their students depending on their theme for the week.

Overall, this year has been tough but I have been so impressed by the resilience shown by our young people and it has been an honour to journey alongside them in this time.

Chloe Livingstone

MUSICAL WOSHIP

Over 2020 we had the opportunity to explore how to use pre-recorded and remote music. This has been a challenge at times, but ultimately proved successful. During lockdown we have not been able to engage in band practises and so worship has been largely led by individuals rather than a group, however we look forward to joining back together when restrictions allow. Before closing we would like to express our thanks to Clare King Smith, who served faithfully and was a great asset to the music team. Although she has now moved away, we know that her new church will be blessed by her musical talent and ministry.

MAINTENANCE

There was consideration for the extending of South Street Church building to create extra storage space. North Devon council were going to send a planning officer to advice but unfortunately due to the Coronavirus lockdown this has not

Page 4

SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES

for the year ended 31[st] December 2020

happened.

General maintenance for the gardens and paths were carried out .

TODDLERS AND NOISY NIPPERS

Toddlers and Noisy Nippers continued as usual at the beginning of the year but, as with most other things, it had to stop due to COVID-19 and Government restrictions. Parents were regularly contacted however through phoning and through the Facebook page; we also met in small groups at the park when we were allowed to do so. Toddler Group restarted properly at the beginning of December under the Government guidelines for Support Groups. We have a maximum of 15. It now runs three times a week to accommodate as many parents and children as possible.

Noisy Nippers has not yet restarted due to the integral singing and movement which would not be appropriate under guidelines at this time.

YOUTH

This year due to the current climate we have held the majority of youth groups via zoom. There is a Monday night group called Monday Madness

A group on Sunday for the younger youth – The Point

The older youth group is also held on Sunday and is called Disciples 2.0

There has also been mentoring happening in various ways throughout the year.

Dan has stepped down from being employed by the church from Jan 2021

FINANCE NOTES

Under the difficult circumstances throughout 2020, financially South Street Church exited the year in a good position. Reviewing our income and expenditure, minus exceptional items, we showed a breakeven/small profit position. Although income(giving) was down by around 3% this was offset by expenditure being down by around 7%.

It is likely the expenditure savings were largely a result of limited access and activity related to Covid -19 during the year. Our reserves remain strong with our Stewardship account showing £110,000 and cash at bank covering 3 months expenditure.

2021 OUTLOOK

We have assumed Giving will remain steady in 2021 and can see no exceptional expenditure items, leading us to believe the church funds will remain balanced during the period.

However, we still live in a period of uncertainty, therefore, the Trustees and Elders will continue to monitor income and expenditure closely as we progress through the year

Financial review

The Trustees consider the financial performance by the charity during the year to have been satisfactory. The Statement of Financial Activities show net incoming resources for the year of a revenue nature of £1,209 (PY Outgoing £8,048)

The total unrestricted reserves at the year-end after accounting for unrealised losses /after revaluing investments of £0 (PY £0), stand at £128,834 (PY £128,807).

Reserves policy

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the Charity should be approximately three months of the resources expended. At this level the Trustees feel that they would be able to continue the current activities of the Charity in the event of a significant drop in income.

Policies

Policies held in the church office are:

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SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES

for the year ended 31[st] December 2020

Structure, Governance and Management

Governing document

The charity is governed by its foundation constitution dated 28th October 2014. The Charity is a Charitable Incorporated Organisation.

Recruitment and appointment of new trustees

Trustees are members we can trust to represent the church to the legal and financial authorities of the UK. They are named in our Constitution on our website (www.southstreetchurch.co.uk) and are elected by the

members at Annual General Meetings. Trustees serve for two years before either standing down or standing for reelection. From the inception of our new charitable status, the order in which the new Trustees will stand for re-election is based upon the alphabetical order of their surnames. The Trustees elect a Chairman annually who will chair for one year. The Chairman has the casting vote at Trustee’s meetings if there is a split decision. The Trustees are also responsible for keeping a record of members. Under the terms of our Constitution the Trustees can

delegate the running of the church and the spiritual guidance of the church to other groups if they want to, provided they know what is going on. This includes the duties and responsibilities such as: The appointment of line managers for each employee on an annual basis.

The Trustees met twice times during the year in February and October. The role of the Trustees can be reviewed in the ‘Constitution’ document on the church website and also in the document ‘How are we organised?’, also available on the church website. The Trustees are responsible for representing ‘South Street Evangelical Church CIO’, to the legal and financial authorities of the UK. The Trustees regularly monitor the financial health of the church accounts and seek to ensure that at all times high standards of governance are applied.

The Trustees consider and update all the policies necessary for a church on a regular basis.

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SOUTH STREET EVANGELICAL CHURCH

REPORT OF THE TRUSTEES for the year ended 31[st] December 2020

Reference and Administration Details Registered name

South Street Evangelical Church

Registered Charity number 1158977

Principal address South Street Braunton EX33 2AS

Senior Staff

Seb Latimer (Pastor) Sue Nightingale (Administrator)

Trustees Name Position Appointments/Resignations Russell Howard Chair Andrew Conibear Paul Fisher Elder Trustee John Hoult Simon Ogden Bev Vale Appointed Rosemary Sherwin Resigned

Independent Examiner Magnus Proctor Lindisfarne Landkey Road Barnstaple EX32 9BW

Approved by the board of trustees on ....................................................... and signed on its behalf by:

............................................. Russell Howard, Chair

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH STREET EVANGELICAL CHURCH

Independent examiner's report to the trustees of South Street Evangelical Church

I report to the charity trustees on my examination of the accounts of South Street Evangelical Church (the Trust) for the year ended 31[st] December 2020.

Responsibilities and basis of report

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

Independent examiner's statement

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 that in any material respect:

  1. accounting records were not kept in respect of the Trust 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Signed:

Magnus Proctor FFA Institute of Financial Accountants Lindisfarne, Landkey Road Barnstaple, Devon EX32 9BW

11/03/2021

Date: .............................................

Page 8

SOUTH STREET EVANGELICAL CHURCH

STATEMENT OF FINANCIAL ACTIVITIES for the Year ended 31[st] December 2020

Notes
Income and Endowments
Donations and legacies
2
Investment income
3
Total Incoming Resources
Charitable activities
Advancement of the Christian Faith
4/5
Total Resources Expended
Net Incoming / (Outgoing) resources
Transfer between funds
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward		 2020
2019
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
88,794
5,904
94,701
96,593
429
0
429
656
89,226
5,904
95,130
97,249
88,907
5,014
93,921
105,297
88,907
5,014
93,921
105,297
319
890
1,209
8,048
0
0
0
0
319
890
1,209
(8,048)
128,515
5,157
133,672
141,720
128,834
6,047
134,881
133,672

The notes form part of these financial statements

Page 9

SOUTH STREET EVANGELICAL CHURCH

STATEMENT OF FINANCIAL POSITION At 31[st] December 2020

Notes
Fixed Assets
Tangible assets
7
Current Assets
Debtors
Cash at bank
Current Liabilities
Amounts falling due within one year
8
Current Assets less Current Liabilities
Total Assets less Current Liabilities
Funds
Restricted funds
9
Unrestricted funds
9
Total funds		 2020
2019
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
0
0
0
0
0
0
0
0
130,387
6,047
136,434
134,968
130,387
6,047
136,434
134,968
(1,553)
0
(1,553)
(1,296)
128,834
6,047
134,881
133,672
128,834
6,047
134,881
133,672
6,047
6,047
5,157
128,834
128,834
128,515
128,834
6,047
134,881
133,672

The financial statements were approved by the Board of Trustees on …………………….and were signed on its behalf by:

............................................. Russell Howard, Chair

The notes form part of these financial statements

Page 10

SOUTH STREET EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS

1. Accounting Policies

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and fixtures and fittings - 4 years straight line

Taxation

The charity is exempt from tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

The notes form part of these financial statements

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SOUTH STREET EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS

2. Donations and Legacies

Donations
Gift Aid received
Grant received
Other income
Donations
Gift Aid received
Grant received
Other income		 Unrestricted
Restricted
2020
£
£
£
82,825
5,904
88,729
4,869
0
4,869
581
0
581
522
0
522
88,794
5,904
94,701
Unrestricted
Restricted
2019
£
£
£
79,681
4,059
83,740
8,591
0
8,591
2,500
0
2,500
1,762
0
1,762
92,534
4,059
96,593

3. Investment income

Investment income
Interest income
Interest income
Expenditure on charitable activities
Church charitable activities
Support costs
Church charitable activities
Support costs
Analysis of support costs
On church activities:
Independent examiner
Accountancy
Insurance		 Unrestricted
£
429		 Restricted
2020
£
£
0
429
Restricted
2019
£
£
0
656
Restricted
2020
£
£
5,014
92,627
0
1,294
5,014
93,921
Restricted
2019
£
£
11,865
104,025
0
1,272
11,865
105,297
2020
2019
£
£
0
0
520
520
774
752
1,294
1,272
Unrestricted
£
656
Unrestricted
£
87,932
1,294
89,226
Unrestricted
£
92,160
1,272
93,432

4. Expenditure on charitable activities

5. Analysis of support costs

The notes form part of these financial statements

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SOUTH STREET EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS

6. Staff costs

Staff costs
2020 2019
£ £
Salaries 48,655 51,469
Pension costs 2,549 2,781
51,204 54,250
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31stDecember 2019.
2020 2019
No. No.
The average monthly number of employees during the period was as follows: 4 4
No employees received emoluments in excess of £60,000.
Tangible fixed Assets
Fixtures Equipment Total
£
Cost
Cost brought forward 1,966 1,866 3,832
Additions 0 0 0
Total cost carried forward 1,966 1,866 3,832
Depreciation
Depreciation brought forward 1,966 1,866 3,832
Charge for year 0 0 0
Total depreciation carried forward 1,966 1,866 3,832
Net Book Value
At 31 December 2020 0 0 0
At 31 December 2019 0 0 0
Creditors: amounts falling due within one year
2020 2019
£ £
Taxation and social security 1,033 776
Accruals and deferred income 520 520
Other creditors 0 0
1,553 1,296

7. Tangible fixed Assets

8. Creditors: amounts falling due within one year

The notes form part of these financial statements

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SOUTH STREET EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS

9. Movement in Funds

Unrestricted Funds
General Fund
Building Fund
Operational Reserve Fund
Total Funds
Unrestricted Funds
General Fund
Building Fund
Operational Reserve Fund
Total Funds
Restricted Funds
Refugee Fund
Church Weekend
Food Bank
Total Funds

Restricted Funds
Refugee Fund
Church Weekend
Lee Abbey
Total Funds		 Balance
Income
Expenditure
Transfers
Balance
1st Jan 2020
31st Dec 2020
94,058
89,226
(88,907)
0
94,377
13,457
0
(0)
0
13,457
21,000
0
(0)
0
21,000
128,515
89,226
(88,907)
0
128,834
Balance
Income
Expenditure
Transfers
Balance
1st Jan 2019
31st Dec 2019
94,350
93,190
(93,432)
(50)
94,058
13,457
0
(0)
0
13,457
21,000
0
(0)
0
21,000
128,807
93,190
(93,432)
(50)
128,515
Balance
Income
Expenditure
Transfers
Balance
1st Jan 2020
31st Dec 2020
3,950
300
(2,274)
0
1,976
1,207
470
(1,038)
0
639
0
5,134
(1,702)
0
3,432
5,157
5,904
(5,014)
0
6,047
Balance
Income
Expenditure
Transfers
Balance
1st Jan 2019
31st Dec 2019
11,706
3,709
(11,465)
0
3,950
1,207
0
(0)
0
1,207
0
350
(400)
50
0
12,913
4,059
(11,865)
50
5,157

10. Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any benefits from an employment with the charity or a related entity.

The notes form part of these financial statements

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SOUTH STREET EVANGELICAL CHURCH

The following pages do not form part of the Financial Statements

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Donations and legacies
Donations
Gift Aid received
Grants received
Other income
Total income from donations and legacies
Investment income
Interest received
Total income from investment income
Total incoming resources
Charitable activities
Payroll expenses
Pension costs
Ministry expenses
Gifts
Food Bank
Refugees
Bookstall
Sunday service
Youth and children
Internship costs
Family day and weekend away
Rent
Light and heat
Maintenance
Office expenses
Telephone
Fees and subscriptions
Safeguarding
Depreciation
Total expenditure on charitable activities
Support costs
Independent examiner
Accountancy
Insurance
Total support costs
Total resources expended
Net (outgoing) / incoming resources		 2020
2019
£
£
88,729
83,740
4,869
8,591
581
2,500
522
1,762
94,701
96,593
429
656
429
696
95,130
97,249
48,655
51,469
2,549
2,781
2,479
4,558
11,392
24,641
1,702
2,274
260
424
1,762
1,881
3,331
9,668
4,831
2,805
420
2,060
1,790
2,043
2,508
686
3,710
581
1,425
759
758
939
1,342
132
37
37
92,627
104,025
0
0
520
520
774
752
1,294
1,272
93,921
105,297
1,209
(8,048)

Page 15