2020-12-31-accounts - Wesleyan Holiness Church - British Isles District

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

FORT	HE YEARE	NDED 31DECEM	BER 2020
				2020	2019
		Umcstricted	Restricted	Total	Total
	Notes	fimd	funds f	frmds 6	fundsf
INCOME AND ENDOWMENTS FROM
Donations snd legacies		256,410		256,41S	32?674
Other tradmg activities Investment income	2 3	071 ~5600		S71 ~5	1,043 22381
EXPENDITURE ON
Charitable aet(vNes Charitable activities M~		2662(36 IIL293		ZtsLS36 IIL293	298495 160970
Governance		10,121		10,121	16959
					476424
NKT INCOME/(EXPENDITURE)		(125ZSI)		O25~1)	(130,426)
RECONCILIATION OF FUNDS
Total feeds brought forward		637,035		97L025	1,102,451
TOTAL FUNDS CARRIED FORWARD		~511754	33430	~744	972,025

	31DE	CEMBER2020
				2020	20I9
		Unrestricted	Restricted	Total	Total
	Notes	fundf	funds	funds	fimdsf
FIXEDASSETS
Tangible assets	8	110,878		I]0,878	]20,522
CURRENT ASSETS
Debtors	9	70,517		704]7	70417
Cash at bank		351,485	~334 90	~686 475	801,968
		472,002	334,990	756,992	872,485
CREDITORS
Amounts falling due within one year	10	(21,126)		(21&126)	(20,982)
NET CURRENT ASSETS		~400876	~334990	~735866	851,503
TOTAL ASSETSLESSCURRENT	LIABILITIES	511,754	334,990		972,025
NET ASSETS		~5]1754	~334 990		972,025
FUNDS	12
Unrestricted funds				511,754	637,035
Restricted funds				~334990	334,990
TOTAL FUNDS				~846744	972,025

Tangible fixed assets
Depreciation is provided at the followmg	annual rates in mdcr to write olfeach asset over its eslimated	useful life.
Freehold piopixW Improvements to pmperty Plant and~	2'/s on cost 10'/v on cost 2(P/o on cast
Fixtmes and fittings	2tyyo on cost

									2020	2019f
	Fundraising events								871	~1043
3.	INVKSTMR&% INCOME
									2020 8	2019f
	Rents received									18,862
	Bank interest receival								1391	3,519
										~22 381
4.	NKT INCOME/(EXPENDITURE)
	Netraceme/(~)			is slated		ager charging/(crerh™g):
									2020	2019
	Depreciation - owned Other~leases		assets						11~ 12,672	10rr60 17,011
5.	TRUSTEES' REMUNERATION					AND	BENEFITS
									2020	2019
	Trastees' salaries Trustees' pension contnbutioas				to money purchase			schemes	73384 ~19	69,874 964
									74,633	~70 838
	Sixtrustees received governing~		remrmeration			for their duties		other than acting asatrustee. Remuneration	ispaid in~with the
	Trustees' expenses
									2020	2019
	Trustees expenses								981	~5644
6.	STAFFCOSTS
	The average monthly	number			ofemployees		during	Ihe year was as follows:
									2020	2019
									20	18

	FOR THE YEARENDED 31DE	FOR THE YEARENDED 31DE	FOR THE YEARENDED 31DE	FOR THE YEARENDED 31DE	FOR THE YEARENDED 31DE	CEMBER2020
	COMPARATIVKS FORTHE STATEMENT OFFINANCIAL					ACTPiTIIES
						Umestric ted		Total
						fund 5		fundsf
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies					322,674		322,674
	Other trading activities Iuvestnann income					1,043 22381		1,043 ~22 81
						346,098		346,098
	~ITURE ON
	Charitable acdvttks
	Charitable activities					298,595		298495
	Manageinent					160,970		160„rr?0
	Cmvernanca					16,959		16Jt59
	Total					476424		476,524
	NET INCOME/(EXPENDITURE)					()30,426)		(130,426)
	RECONCILIATION	OF FUNDS
	Total fimds broaght fortvard					767,461	334,990	1,102,451
	TOTAL FUNDS CARRIED FORWARD					637,035	334,990	972,025
8.	TANGIBLE FIXEDASSETS
					Improvements		Fixtures
			Freehold		to	Plant and	and
	COST		pmperty		pmperty	machm cry	6ttings f	Totals f.
	At 1January 2020 Additions Rectussi6cation		107,114 ~019)		19,086 ~2019	15,002 1,644	18,734	159,936 1,644
	At 31~2020		100095		~2105	1666	~18734
	DEPRECIATION
	At 1 January 2020 Charge Rir year		9r458 ~102		10,150 ~2110	9,906 ~329	9tt00 ~3747	39r414 ~II 88
	At31December 2020		~II		12260	~13 5	~13647	~50702
	NET BOOK VALUE
	At31December 2020		~93	5	~845	~311	~087	~110 8
	At 31~2019		~97 656		~8936	~5096	8.834	120522

									2020		2019
									f		I
									~70 17		70417
10.	CRFDITORSt AMOUNTS				FALLING DUE WITHIN		ONK YEAR
									2020		2019
									8		6
									~21 126		20,982
11.	LEASINGA~NTS
12.	Minimum lasso payments under non-cancellable MO~ IN FUNDS					operating	leases falling	due within one to five years are			f2426.
									Net
									movement		At
								At 1.120 f.	in fimds I		31.12.20 f
	U esricted	fends
	General fimd~funds							637,035	(125~1)		511,754
	Building Fund Special Appeals							332,678 ~12			332,678 ~12
								3330			33430
	TOTAL FUNDS							977025	125	I	~744
	Net movemeat		in funds,	included in the above are as follows:
								Incoming			Movement
								I			in fimds
	Unrestricted	fends
	Genend fimd							262569	(38(4250)		(12K281)
								262 it69	Q88P0)		f11I)
	Comparatives		far movement		in fends
									Net
									Illovelilellt		At
								At 1.1.19 I	in funds I		31.12.19
								767,461	(130,426)		637,035
	Restrict funds
	Building Fund Special Appeals							332,678 ~212			332,678 2312
											334990
	TOTAL FUNDS

Unrestricted	funds
General fund
TOTAL FUNDS