REGISTERED CRL4RrrY NtLMBER.. 1159493 Report of th¢TTh$tees Ithd Un*udlted Fln#DttsJ Ststemej for the Yw Ended 31 Deeember 2020 for Eu$ion Chureh Garside and Co. Limited Suiie 6Jl, Linen Hall 162-168 Rcgeni SITe London WIB5TG Eu5toR Church Contents of the FiDaNci*l StatemeDts for the Year ￿]￿ed 31 Detember 2020 P4 Report of the Trn5tees Independent Exfjmlner's Report Statement of Fknanti81 ActiTr4tiu Balanee Sheet Notes to the Fln•n¢iAI S¢4tem¢nts 9 to 15 Detalled Statement of F1n#tttI￿ AetlTrldes 16 ￿ 17 Eustoll Churth Rep)rt of the Trustt¢s for the Year Eth 31 Dff¢Mber 202(1 The tsitstets their re￿ with finwKial ststrmentg of the charity fth the year entsj 31 Decernber 2020. The tr￿￿tt5 have ￿ed the w0visi(￿S of ACt￿nI]ng a￿1 Ryrting by Chariues.. Swemenl of Recommended Practic¢ applÈcable io chafiiies prtprin8 their acwjnts in with the Finar¢iaJ Rq*)rn'n8 Sthrthrd applicable in the UK aTxI Republic of IrelaTrJ IFRS lo2)(effrytt￿ l January 2019). OWECflVES AND ACTIVITIES Objectivts The objects of Eu￿On Church tr¢ w *lv•Ke rdiwi iti with and ￿1￿8 of the Thurch of Englan including (withoui Itmiiaiionl: . holding services of worship Promoting study of the Bible • missionary and outreach Work anci118ry or incidenthl educational aaiviiies • other ￿(￿lated aciiviiies for the benefit of the community. A¢tl&lfles The acrivities of Eus¢on Church were maierially im￿ted in the fina￿1￿1 peri￿1 by Ihe COVID 19 pandmic. RestriClion% ott movcrnent and gxid di5tw*in8 meani ihaL for most of 2020. Most me£tin8s were conduc*d onlin¢. Where mtttin were p*)&*ble in Per￿￿. Ihey coThJKtcd in ￿[dary￿ wilh ￿n¢t COVID 19 protixols. Inevithbly. this rcs¢ricted the Twtge of ￿1VIll¢S which Eustsyn Church has tten able to out. During the finwKial le￿¢W peri￿. ELL¥￿ ch￿￿h has CL￿th￿ted th fdlowin8 princip￿ aciivities.. . Continuing io be amb&th fff the Dictt* of iAth's c411￿1 Vi&on 2020 proj*Xt. which encouTa8es Christian5 to li) be mor¢ C￿rident in spcakin8 arml li&in8 the 805¥cI ofje￿￿ ChriA: {iil be more comw45ional¢ in serving communities with the love of G￿ the Father, aTkl Itii) be mrye cre*ive in rexhin8 nvw peq>lc WKI placw. with the g(M)d news in ihe power of the Spirii. Examples ofihe S￿ne tre Set (Krt below. Church intcnts to ￿ put ofthe convu5ation &s the 80als for ihe Di￿¢S¢ of Lormkn's capi￿ Vision 2030 proin. . Books of the bible pr￿h¢d ihrtw¥h ¥ Sunday m(￿1Th8 eThJ SuThlay %Trice8 t￿l￿de H¢brvw& Job, Hoy Revdation. ￿ w¢ll as ￿￿¢1 enttikd"w¢ hjve a Big CK4J-l. • Euslon Chur¢h sianed Iwo n¢w Sunday sernces.. a 10 lm. S¢Thi￿ JIM￿ al farnilies • 3.30 p.m. seNc¢ primarily Aimed at young worker5 ar￿ FK&8r*Jua* sNden . Over 25 small groups have mei thr(￿gh￿l the yew. The small grw Auditsl Jdln's 805pel Ind I cttlnth￿ for th¢ academic year 10 June 2020. From Ihe s¢&rt of *thic y¢¥r c(rfnmerKin8 in Octh 2020. 5moll wexe divided intg three i¢reams. Tespcclively siudyin8 John's $05pel. Ex(Mlus ar￿ Hebrews * of Euston Church wniinued i1.¥ Part[￿shIp with London City m1wo￿ f￿1881￿ in w11c￿ar trMynd¢55 ministy and work oth the BcmlKrton Esthte. • A number of rrtople anended the Life Expbred course to investigate faith ¢l•ims of JesuL * A signifi¢anl numbu of people participated in one-t(￿one bible Studies. • EUs￿n ChU￿h ran lunchtime talks ￿ E￿￿On Ind Kin85 Cn)55 for Iw41 w0￿¢r5. . .Church weekends away were held ID person when F¥)5sible aThJ otherwise online. . A numtr*r of rKople paniciwed in Euth Church's mini*ry trairhee schcmc. thdying God's wonl in dthail, perfomiing alminiArativ¢ wks a￿j le&nin8 from those alr* in ministry. • EuS￿n Chw¢h P￿1¢1Pated in mi5si(¥b week5 acr￿ LKJnth)D. Various I￿ning couts&s wtte hdd includinB trrinin8 8r(XV uThIer*￿n8 bible pw¢5 {Tools for Mini5tryl, Preac￿n8 grwps and #fter ChU￿b s¢minar slo * Memtrtrs of Eusion Church atteThled ￿ evenin8 expk)ring vrAwion in the CThw¢h of ErtBl*d. • Euston Church has syp￿rted ¥ nurniyr of missiL￿ parttKr5 ovcrseas ir￿luding Maxime Demelza Soumangas in France, Alex ond Sara Manlow in Belgium. Rcknyn Drdkc in New Zcajarf Elizthth Burya￿r in the Arab wodd, Rachel Paul in knth Asia and Alkc5h ar￿ Katie W(*xts in c￿"na a5 WCII as Dr. Nahan Lgwrence in m￿8￿￿T. Euston Church also 5upI￿ned Elle Youn8 in her wryk in tk alts sttky. Safeguarding The TtU5teth have c4)rnplied with Ihe duty ynd¢T knion 5 of the Safeguarding al￿ Clergy tli*iplinc MeaAwe 2016 in relation 10 havin8 due regard to Ihe H￿5¢ of Bish(v's guidatKe on safegLwth"ng children and wlnerableadult& Page I Euston Church Report of the Trnste¢s for the Year £Dded 31 Deeembtr 2020 OWEcfIvES AND AcrivrriES Public benefit The Tru51ee5 have consiikred Ihe Charity commi￿Orte￿ Guidance on Public Benefit and, in particular, the specific guidance on Charities for the Advaneement of Religion and are satisfied that the activiiies of Euston Chutrh fall within Such guidance. ACHIEVEMENT AND PERFORMANCE The Tn￿le¢S considLY that the main ￿￿'eV¢Mcnts of Euston Church in the financial p¢ri(Kl have t*en: public proclamation of ihe gospel at Sunday seThiees midweek services and guc5t events. bible studie% and one-to-one ministry, which has led lo incr¢as¢d understst)dtng of lh¢ 8￿Pe1 of J¢￿S Chris¢ for membeTs of Euston Church, the wider locd communiiy and contacts of rnemkrs of E￿￿0￿ Chureh. includin8 throu8h new m¢di& • financial and prayer supp)rt for missionari¢s- and engagement in the local wmmwiity ihyough London City Mission and the crosS*￿h pro8r8mme. FINANCIAL REVJEW FInAnCi￿ positio In the financial peri(Ml 10 31 tkcember 2020. E￿￿On Church's totsi income was £338.095 1?019-£302,1261. The in¢om¢ comprised donations atMI I¢8￿1¢$ of £324.597 12019-£278,181) I￿V￿￿nen( income of£14912019-£1111. and thh¢r incom¢ of £13.34912019- £23.8341. Eu￿On Church's Ic*al exp¢ndilure in the period £354.14512019-£340.NI}. leaving it with net expcnditurc of £16.050 12019- net expend11u￿.£37.964). stsff msts wtte £242.59) 12019-£216.643k being 68/0 of expenditure 12019ffj40/o). Reserve$ polley As at 31 Decemb¢T 2020, Eus¢on Church cash 81 battk of £156.867 I201￿£158.952I representing 4P/o {2018.69V/41 of total expenditure (Trf just under five and a half month¢ ￿serVe& The Tn￿e¢s, medium-temi aim is lo hold ihree months of operaiing expenses in 115 TescTves. FirruRE DEVELOPMENrs Euston Church's activities in 2021 are expeaa ￿ be disrupied Materi￿lY by the Covid-19 pandcrnic, with 911 m¢¢tin8s switched to online fomals. Th¢ Covid-19 pandemic may have a signifiunl eff￿[ on Eu￿On Church. including (without limilati¢)nl ¥ rnaleri￿ impact on 8iVtn& church attendance aThJ statYLII& STRucfuRL, GOVEIiNANCE AND MANAGEMENr Governing docurnent 8nd nature olentlry Euston Church is a Charitable Incorporated Organisation cstablished in xcordance with the Charities Act 2012. The op¢rdti¢)n of Euston Church is govuned by iL$e(N￿l1lltio@ &lcptttJ on 4 Drtembtr 2014. Page 2 Euston Churc Report of the Trnstee5 for the ye￿ Ended 31 December 20211 STRucfuRE, GOVERNANCE AND MANAGEMENT Trustees Euslon Church's COllS1ilution appoints the TTU51e¢s 10 mat￿8¢ the atTairs of Euston Church and to exertise all the poweTS of Euston Church. New Trn￿tts may be appointed in iwo ways.. {1) for a term of four years by a resolution p&%sed at a properly convened meeting of th¢ Tn￿CeS (up 10 ¢ighi TnI￿tt$) {2) for a term of four years by the members of th¢ congregaiion of Euston Church at an annua] geneTrl mttting of the congre￿10￿ of Euston Church organised by the Truste&s, provided Ihat any person so appoinied is a Me￿I￿r of the congreg&ion of Eusion Church (up 10 4 Trustee81. Notwiihslanding the express rernis of Euston Church's consiitutii)n. a]1 Trust¢es' ￿ntInUed appointment is currently ralifi¢ at ihe annual general meeting of the congregation of Eullon Church in each year. in accordancc with the prdcticc of the Church of England. In considering the appoinlmenl of tw the ex1￿1ng Trustee5 must hav¢ r¢8aTd to th¢ skills knowled8¢ and experience needed for the effective administrdtion of EU￿On Church. Ewery TTU5tee Ellust subscribe and adhere in belief and lif¢5tyle lo Ihe Christian f￿(h. must be a member of ihe cotlgrewion of the EU5￿ ch￿￿￿ Mission InIti￿}Ve and musi be willing lo parti¢ipaie actively in th￿ Mi&sion lwiiaiive. Anyone bttomin8 a Tntstee rtteives a ccyy of Euston Church's ￿nStitu[lOn and the annual rwrt and ststemeni of accounts and is required 10 sign a 5tstement confim)ing th￿ he or she is eligibl¢ 10 be a Tru￿e¢ and io declare any possible conflicts of iniere51. There ar¢ no prr*edur¢s for ihe induaion of Trustrs. TruAtts provid¢d with appropriat¢ training when reguired and having regard lo trdining Tecommended by the Church ofEngland. Trnst¢¢s Meetthgj The Trustee.4 mect ordinarily 4 iim¢s a y¢ar and on an ad hct basis when required. Tn￿ee m¢¢tings aT¢ chaired by the Reverend Kevin Murd(Kh, thc mini*er of Eu￿On Church. The T￿￿¢¢5 tske appropriate dL*i5ions on all aspttis of the operdtion of Eu.%ion Church. The TA￿1￿$ adw wlicies to wmply wilh legislation in the areas of health and safety, child proiecti¢)n and ￿nflIcts of inleM1. Dpy lo day financial maiters are delegated by the TJu#tts lo Euslon ch￿￿h.$ treasurer, Cran#on Watts and IL% finance manager. Simon Ory. Cranston Walis preparts an annual budget and oversees th¢ ir*dent examination of the account%. The Trustee5 have oversight of fjnancial matter5. including approval of major ilcms of expenditur¢ and the annual budget. Day 10 day mini￿ry matters att delegated to Ihe Reverertd Kevin Murdcth. who rwns on those matters to the Trumtts regularly. Rt5k Manggement The Tru%iee% review the major risks io which E￿￿0￿ Church is eXPcffj￿ and Telies on apprcyriate insurnnce cover, as well as actively monitoring compliance wilh E￿￿On Church's p)lieie4 10 prote£t against those risks. REFERENCE AND ADMINISTRATIVE D￿Alls Reg15tered Charlty number 1159493 PrinclpAI Address The Cloisters Gordon Square London WCIHOAG Ellston Church Report of th¢ Trnstees for the Year Ended 31 Detember 2020 Trustees Cran510n Watts Reverend Kevin mUrd￿h Gillian Frdnccs Bland (resi￿￿d 17.8.20) Andy Geers Bdhany Lund lain DNmmond Rosalind Mcclean Dr Shevaniha Dilshan llosa Rachel Tan Nick Higgs (resigmed 2.11.20) Megan Clokey Xi Mian Quah tLah Ruth H(x)pcr Independent ExamSner Gareth Ow¢n Hughes ACA Institute of Chartered Accountants in England and Wales Gar%ide and Co. Limited Suile 631, Linen Hall 162-168 Regent Sircct London WIB5TG B8nkers Reliance Bank Lid F?ith Hou%¢, 23-24 Loval Lane, London EC3R 8EB TRUSTLES, RESPONSIBILITY STATE￿IE The Iru51ce% are rebponsible for prcparing ihe Re￿rt of ihe Tn￿¢￿* and ihe financial staiemenis in rrtordartce with appltcabl¢ law and United Kingdom ACC(￿￿tIng Siandards (Unilcd ￿Tr8doM Genernlly Aecq)led Ac¢ounling Practice), includin8 Financial Reportin8 StandaTd 102 "The Fina￿181 Rqx)rtln8 Standard 4yplic*le in the UK and R¢public of Ireland" The law applicabl¢ to eharitiu in England and Wales and the Tharities Act 2011. Charity (Accounts and Repons} Re8ulaiions 2(K>8 require the trustees lo prepare financiai statements for each financial year which give a true and fair view of the slate of affairs of ¢he charity and of the i￿¢>m]ng r¢g)urc&s and appli￿lOn of r&wurcty including the income and cxpcndilure, of the charity for th￿ period. In preparin8 those financi￿ ststements, the trusttts are required lo selcet suitable accounting policies and then apply them ¢onsistently' observe Ihe m*h(th and PTin¢ipl&s in the Charity SORP.. make judgem¢nls and estimates thai are reaM)nablc and prudent. prepaTe Ihe financial 5tate]nents on the going concern basis Lt is inappropriate to Pr￿ume that the charity will continue in busine&s. The trustees are rcsponsible for keeping prcw acctyjniing rttords whath disclose wtth reasonable ￿curacY at any time the financial position of the charity and lo enable ihem ￿ ensure that the financial stalcments co]nply with the Charities Act 2011, the Charity {A¢￿UnIS and RetK>rt5) Regulations 2(Kk8 and the pro&isions of the (rnst dezd. They are ￿50 responsible for safeguarding the &ssets of the charity and hence for taking Tca4Trnable steps for the prevention and detection of ftaud and other irregularities. Page4 Euston Church Report Of the Trustee5 for the Year Ended 31 December 21120 1 JU￿ 2021 Approved by or(krof th¢ Frfwd of on ... ........................................ and ￿gned on its behalf by: Cranston Watts. Trustee Page 5 ## **Independent Examiner's Report to the Trustees of Euston Church** ## **Independent examiner's report to the trustees of Euston Church** I report to the charity trustees on my examination of the accounts of Euston Church (the Trust) for the year ended 31 December 2020. ## **Responsibilities and basis ofreport** As the charity trustees of the Trust you are responsible for the preparation of the accounts m 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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the 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 that in any material respect: - 1 . accounting records were not kept in respect of the Trust as required by section 1 30 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. Gareth Owen Hughes ACA Institute of Chartered Accountants in England and Wales Garside and Co. Limited Suite 631, Linen Hall 162-168 Regent Street London WlB5TG Date: ......1st June 2021................................ . Page6 Eu$ton Chureh Statement of Ffftngn¢i#l A¢iltrities for the Year EDded 31 D¢¢¢mber 2020 31.12.20 unT￿ricted funds Total fijnds INCOME AND ENDOWMETrrrs FROM Donations and l¢ga¢ies 324,597 278,181 Investment income Other inwme 149 13.349 23,834 Tot 338,095 302,126 EXPENDITURE OTri Charitable &ctiviti¢s 349,307 332,407 Chgrltible *¢tlvltl Go￿ernance co%1 Independcnl exarnin¢rfs fees Bank charge 420 4.2(K) 218 3,254 4.200 229 Total 354.145 340,090 NET INCOI¥IEI{EXPENDITiNEI 116,050) {37,964} RECONCILIATION OF FUNDS Total funds brought fonvard 176,809 214.773 TOTAL FUNDS CARIUED FORWARD 160,759 176,809 The notes forn) part of th￿¢ fitwKiai statements Page 7 Euston Chllrch Balance Shtet 31 December 2020 31.12.20 Unrestricted funds 31.12.19 Tota] funds FIXED ASSETS Tangible assets 10.460 14,931 CURRENT ASSETS Debtors C&sh ai bank 10 6.880 156.867 16,877 158.952 163.147 175,829 CREDITORS Amounls f￿[ing due witmn (MJ¢ ye4r (13,4481 {13.9511 NET CURREiYf ASSETS 150.299 161,878 TOT AL ASSETS LESS CURREiYr LIABILITIES 160.759 176,809 NET ASSETS 160.759 176,809 13 Unreslricied funds 160,759 176,809 TOTAL FUNDS 160.759 176.809 The financial ￿ateMentS were approv￿ by Ihe B(*rd of TnLdees ond auihorised for i55Ut ott and were signed on ils by.. ..J..Juno..2oai................ Cran￿On Watts- TruAee The n￿¢5 fom) w1 of th￿r financial statcmctlts Page 8 Eu$ton Church Notes to the Fin8Dtixi Stxtements lor the Year Ended 31 Detember 2020 ACCOLTrfflNG POLICIES B￿lS of prepAring the fin#DcIa15t•teD￿llts a) Basis of preparation And 4$5e55meDt of going ¢on¢er The financial ststemenis have been pTepared under th¢ hi&ori￿[ C￿ ￿ny¢¢)110n with iterns rttognised at com or transaction value unless Otherwise S￿e￿ in the releydnt notes lo thcse accoun1& The financial 5talement% have been prepared in occordall¢e wih Ihe Statemenl of Recommended Practice.. Accounting and Rwfling by Chanlies preparing their ac¢ollnis in a¢¢ordance with the Financial Reporting Standanl app12cable in the LK and Republic of Ireland IFRS 102) effectiv¢ from l January 2019 and the FIn￿￿la1 Rwrting Standard applicabl¢ in the UK and Ryjblic of Ireland IFRS 1021 and the Charitits Act 2011. The PCC constitutes a public knefii entity ls defind by FRS 102. The trustees consider Iha there arc no Materi￿ uncenainiies aFxyJt the PCCS ability to coniinue as a going concern. The financi￿ statements includea]I t1￿1$actIo14 al￿ ljabjljiies for which ihe PCC is responsible in law. b) Ful￿8 $irnrture Unreslricled funds represent ihe fur¥J5 of the PCC Ihai are Ib￿ subjtti ￿ any restrieiions r¢garding their use and are available for applic4lion on the ge1)tt￿ purpose5 of th¢ PCC. Unrestricted funds may beLome furKis where funds have been reserv¢d for a particular purpose by the pcc. Re%lricled fund% represent donation& legxiu or grants ￿ttl¥ed for a specific objec¢. or invited by the PCC for a ¥pecific tsbjeei. The funds may only be exrKnd¢d on the spxific objttt for which Ihq wer¢ given. Any balance remainin8 unspent at th¢ ¢nd of each year must ix earrtul forward a ￿anCe0n Lh￿ fvnd. The PCC d(xs not W5ually inv&8t separthly flx fund except where amojnts involved aTe material. Where there is no separate invtstmenL Intere￿ is apportiorted 10 ithl1vjdu￿ funds on an avuage bala￿¢ b&sis. ¢1 Income recognlrfon All incoming Tewurces are recognis&J whett teceival by oron behalf of the PCC. All income, with Ihc cxcepiion of wedding and funa￿ ftts. is rqthed gross of any a&￿lated expenditur¢. Incom¢ from wedding and funeral ftts 15 rcponed n¢t of fe￿ paid where athliti¢)nal 5ervicc5 are rquesia. WoJdin¥ depobltb arc lakcn to income in Ihe year in whi¢h the wedding is underthn. In¢ome lay recoverable on 8ift aid do￿10￿5 is Teco£ni*d whett the is reeovered. Granis and Lc8#cies to the PCC aTe acc01r￿ed for as %x)n as ihe PCC is notified of its le8a] entitl¢menL the amount due is quaniifiable and its uliimal¢ Teceipt by lh¢ PCC is probable. Intercst earnal on bank &posit a￿l￿tS is when r￿eLy￿. d) Exptnditure recogRltlo Liabilitieb are rcco8ni*d ￿pendi￿re as scK)n thcre is a Icgal w con&nJ¢tive (bligation cornmitting to that expenditurc Lt is probable Ihat settlement will be Twuir•J aThJ the am{￿nI of the obligation w be measured reliably. A]1 expenditure is accounted foron an ac¢nds basi& Amounts received spe¢ifica]ly for mission are de￿1 with as restricted fimds. The diiKe5an Parish Sharr i5 accounted for when due. e) C.￿rrent Amount% owed io the PCC at the year end in teb]xd of fecs. gift aid recoverdbl¢ or other income are shown as debtors, less provision for amounts that trw prov¢ wi¢olltttsble. Page 9 eontinued... Eu5ton Church Note5 to the FRnan¢ial St*tements- eoniinued for the Ye8r Ended 31 D¢¢¢mber 20211 AccouwfJNG POLICIES- coDtiDued Basis of pr¢pirlng the fin#u¢lal $ithtsments fj Flnanci81 Instrllments The charity only h&% financial and fi[wKI￿ liabilities of a kind that qU￿lfy as basic finartci￿ insttuments. Basic financial inslrumcnts arc initially rwised ai irnnsadion va]ue and subsequently measured at IheEr settlement value wilh ihe excepiion of bank loans which are subsequenily measured at allorti5cd cosl using the effe£livc interest method. %) T#x*ilon The charity is exempt from on itscharl￿blC activities. h) Tangible fixed *ssets Depreciaiiort is provided at the folltiwing annual ￿e$ in orderto writeoff each &ss¢t over its •1imated us¢fiJl life. Plant and ma¢hinery - 2￿/0 on ci Fixtures and fittin85 - 2￿/0 on c05t Computer equipmeni - 33.3/D on cost l) Operatln8 leAJe5 Rental4 applicable 10 operniin8 leases wheTe ￿1 of the benefits and risks of ownership Temwn wth the lessor ar¢ charged agwnst ihe surplus for the yearon a Mraighi-line b&sis over the of the lease. Jl Interest receivable Inierebl on funds held on dewsit is included when rtteivable and the amount Can bc measurcd reliably by the charity. this is norn)ally upon nolific￿l0Tr of Ihe in￿re& paid or payable by the Bank. kl Debtort Trade and o¢her de￿or$ are wised * the settlemeni amount after any trade dise(wnt offered. Prepayments are valued ai the amouni prepaid of any tr¥Je di%ounts due. l) C15h At Bank And in hand Cash ai bank and in hand Includ￿ cash and short kn highly liquid investtnents with a short maturity of three months or1¢ss froffl the date of acquisitton oropening of the deposit orsimilar account. ml Ll#bllliks and proTrtslons Liabilities are rccognised when thtte is an obligation at the Balance shed d￿t as a result of a p&sl evcnl, it IS probable that a Iransfer of ¢¢oTh)mi¢ I￿erIt will be rquired in s¢ttlement, and the amount of the settlement can be cslimated reliably. Liabilities are reeognised at ihe arnount that the eharity anti¢1p*￿ li will pay to settle the debt or the amount li has receivtyj as advartced payments for the gthjs or sttvice5 il must provide. Provi%i(Trns are rnea%ured at the ￿$1 estim￿C of ihe amounts requireo io sell1¢ ihe obligaiion. WKre the effttt olthe time value of money is rnalerial, the provision is b&%ed on the prcsenl V￿￿e of those am¢yJni8 di￿￿n1￿j at ihe pre ￿ discount rate Ihat the ri5k5 specific to the liability. The unwinding of the discount is reeo8nts¢d within intere￿ payabl¢ and similar charge5. Pension costs ond other post4etlrem¢nt btDtfits The charity operates a defined contribution EKn5ion *heme. Contributions payable to the charity's pension scheme are charged lo the Statement of Finan¢ia] ALXivities in the perttyj to which relate. Page 10 continued.. Eu5tOD Church Note5 to the Fin*nrial Statements- continued for the Year Ended 31 December 2020 NATIONS AND LEGACIFS 31.12.20 31.12.19 Planned giving and collections Donations and grdnls 317.947 6.650 266,881 11.3(K) 324,597 278,181 INVESTMENT 1Tr4COME 31.12.20 31.12.19 Inrerem rtteivable- trading 149 CHARITABLE AcfiviTIES R*lslnE donatlons and le¥•cles 31.12.20 31.12.19 Ttu%1eel remuneration ete Siaff costs Sundri¢s Mix%ionary & charitabl¢ grants other staff co￿$ Weekend away costs Rent Insurance Venu¢ hire ¢oMs Events and catering Bwkb and publie81iorts Adiertising and promotion Computer exkKnw & web￿le Church running costs Mu%ic li¢en¢e ftts Travelling c Clergy exp¢ns¢s Music and technical expeTLse5 Tuiiton ftts Depr¢¢iation 47.931 194,659 1,704 17.250 75 14.804 4.142 1767 54,901 161,742 4.520 20.657 905 21,205 4,142 2,648 189 9.740 865 4,527 610 8,284 881 3,535 12.083 451 1.312 485 1,227 788 8.658 1,639 71K) 25,589 15,810 5,771 349J07 332,407 Pagell continued... Eu5tOD Church Notes to the FÈnADcixl St&tements- continlled for the Year Ended 31 DeCe￿ber 2020 CHARrrABLE AcfIvITIES COS15 Support costs (see note 61 Governance costs Independent examinerfs fe Bank charges 420 4,200 218 4,838 SUPPORT COSTS Govemance sts FinarKe Totals Governance cosls Independent examin&s fees Bank charges 420 4.21K) 420 4,2(K> 218 218 218 4,620 4,838 Support cost& irteluded ifi the atrrt)ve. are &% follows.. 31.12.20 31.12.19 tndepeThJeni examine¢$ Governance Totsl Toial activities harg¢5 activities Bank char8es Leyal & Profeksion Independent examinees fets- ¢urr¢nt yedr 218 218 420 229 3,254 420 42¢Y) 4,2(K> 4,200 420 42CKI 218 4.838 7,683 TRUSTEES, REI¥IUNEIL4TION AND BENEFITS 31.12.20 31.12.19 Trusttts, salaries Trubtttb. xxial security Tn￿￿, pensions 38,500 4.106 5.325 45,