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2020-12-31-accounts

CHARITY REGISTRATION NUMBER: 1164672

Gateacre Team Ministries Unaudited Financial Statements 31 December 2020

MATTOCKS GRINDLEY

Chartered Accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 0WN

Gateacre Team Ministries

Financial Statements

Year ended 31 December 2020

Page
Trustees' annual report 1
Independent examiner's report to the trustees 9
Statement of financial activities 10
Statement of financial position 11
Notes to the financial statements 12
The following pages do not form part of the financial statements
Detailed statement of financial activities 21
Notes to the detailed statement of financial activities 22

Gateacre Team Ministries

Trustees' Annual Report

Year ended 31 December 2020

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.

Reference and administrative details

Registered charity name Gateacre Team Ministries Charity registration number 1164672 Principal office Belle Vale Road Gateacre Liverpool L25 2PQ

The trustees

Mr A Johnston Mrs C Erving (Retired 28 October 2020) Ms D Gray (Retired 28 October 2020) Mrs P Corkhill (Retired 28 October 2020) Mrs C Burke (Retired 28 October 2020) Mrs C Kirkwood (Retired 28 October 2020) Rev P Janvier Mr G Morgan (Retired 28 October 2020) Mrs H Dykins (Retired 28 October 2020) Mr I Kirkwood (Retired 28 October 2020) Mrs J Jary Ms K Lyons Ms B Hawkins (Retired 28 October 2020) Ms J Preston Mrs N Roberts (Retired 28 October 2020) Mr R Houghton (Retired 28 October 2020) Ms R Turner (Retired 28 October 2020) Ms L Seal (Retired 24 May 2021) Mrs Williams (Retired 31 March 2020) Mr Olushonde Mrs Ferrow (Retired 31 March 2020) Revd K Canty Revd S Doore Mrs S Carey (Retired 28 October 2020) Mrs Snow Mrs K Johnson Mrs C Brown Ms H Morgan Mrs B Teare (Appointed 28 October 2020) Mr P Snow Jnr Ms S Swan (Appointed 28 October 2020)

Independent examiner

Giles Mattocks FCA 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 0WN

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Gateacre Team Ministries

Trustees' Annual Report (continued)

Year ended 31 December 2020

Structure, governance and management

Administrative information

St Stephen's Parish Church, Belle Vale Road, Gateacre, Liverpool L25 2PQ. Official correspondence to Parish Secretary, Parish Office at the above address.

Structure, Management and Governance

The Benefice of St Stephen's, Gateacre PCC operates under the Parochial Church Council Powers Measure 1956. The PCC is a registered charity, Registered Charity Number 1164672 (3rd December 2015).

Background

The Parochial Church Council of The Benefice of St Stephen's, Gateacre, known as The Gateacre Team Ministry, has the responsibility of co-operating with the incumbent, the Revd Philip Janvier (Team Rector), in promoting within the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

Membership

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

The Benefice of St Stephen's PCC members are: Team Rector and Chair:

Revd Philip Janvier

Team Vicar:

Revd Sr Sandra Doore

SSM Minister:

Revd Canon Katy Canty

Wardens:

The Benefice of St Stephen's Parish Wardens:

Sue Snow Kay Lyons

Team Treasurer

Revd Philip Janvier

Readers

Mrs Joy Jary Mrs Kate Johnson Mrs Christine Brown

Deanery Synod Representatives

Mrs S Snow Mr A Olushonde

Lay representatives to the Parochial Church Council

Bev Teare Alastair Johnston Hilary Morgan Jasmine Preston P Snow (Jnr) Leanne Seal

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Gateacre Team Ministries

Trustees' Annual Report (continued)

Year ended 31 December 2020

Hannah Jones Scott Pughsley Hazel Frear

Bankers

St Stephen's - HSBC Bank plc, Liverpool

St Mark's - National Westminster Bank plc, Fiveways, Childwall, Liverpool L15 6YD

Gateacre Team - Lloyds Bank plc, Horsemarket Branch Liverpool

Independent Examiner

Mr G Mattocks, Mattocks Grindley Chartered Accountants, 18 Mulberry Avenue, Turnstone Business Park, Widnes, Cheshire WA8 0WN

Legal Advisors

Mr Howard Dellar, 1 The Sanctuary, Westminster, London SW1P 3JT Telephone: 020 7222 5381 Fax: 020 7799 2871 liverpoolregistry@1thesanctuary.com www.liverpooldiocesanregistry.co.uk

The registry is pleased to receive contact by letter, telephone or email. The first point of contact should be Stephen Borton, the Chief Clerk in the Registry, or, in his absence, Luke Tatam.

Architects

St Stephen's - Mr Ralph Dransfield Dip R I, 14 Mersey Avenue, Liverpool St Mark's - Mr Robin Wolley, St Andrew's Business Centre, Queen's Lane, Bromfield Industrial Estate, Mold, Flintshire, CH7 1HE

Day to day management control of the Team Churches is exercised by the Team Rector, Team Vicars and Wardens: contactable via the parish office 0151 487 8480

The method of appointment of PCC members is set out in the Church Representation Rules. All church members are encouraged to register on the Electoral Roll and stand for election to the PCC.

Committees:

Standing Committee:

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council.

The PCC is responsible for members receiving induction training including trustee responsibilities, basic health and safety, risk assessment and management, and child protection procedures.

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Gateacre Team Ministries

Trustees' Annual Report (continued)

Year ended 31 December 2020

Structure, governance and management (continued)

Risk Assessments:

To identify their major risks, the PCC undertook a programme of assessments. Procedures were then put in place to manage those risks and minimise their impact on the life of the church. The PCC reviews progress quarterly, or when needed. Action in the main areas of risk has been taken as follows:

Financial Risk

The PCC aims to prepare budgets and to compare actuals with those budgets. To date, the PCC has not achieved this aim which was setback by the difficulties caused by Covid-19. The intention remains to prepare meaningful budgets. The investments held by the PCC are reviewed regularly. Investments are only made in approved low risk funds approved for charity use. All assets are insured and levels reviewed annually and approved by the PCC.

Health and Safety

A member of the church with specific experience in this field has undertaken a review. The PCC appraises the risks and the necessary compliance requirements and these have been complied with. Specifically, procedures for recording accidents have been put in place and appointed persons have been trained in fire safety. These procedures are reviewed on an annual basis and formally reported to the PCC.

Child and Vulnerable Adult Protection

The PCC have all been formally checked under child protection legislation and the DCCs have been checked under vulnerable adults legislation.

Operational Risk

Plans have been agreed locally for services to be held in the community hall or halls in the event of any of the churches becoming unusable for a limited period.

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Gateacre Team Ministries

Trustees' Annual Report (continued)

Year ended 31 December 2020

Objectives and activities

The PCC (Powers) measure 1956 states the PCC "is to cooperate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical".

At the Benefice of St Stephen's Gateacre we believe our mission to be proclaiming the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England, both through the Word and our deeds to love the Lord our God and to love his children - our neighbours.

In order to do this our objectives in 2020 were:

St Stephen's

�� to maintain and develop the now flourishing St Stephen's Parish Centre and to raise additional finance to expand and develop its ministry

Christ Church

St Mark's

Team Ministry

�� To ensure that a complete update of Risk Assessment, Financial Budgeting and achievement, Health and Safety, Child and Vulnerable Adult protection, Operational Risk, Objective, Activities and Aims is undertaken

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Gateacre Team Ministries

Trustees' Annual Report (continued)

Year ended 31 December 2020

Objectives and activities (continued)

In 2020 we:

Team Ministry

2020 began with high expectations and a bit of trepidation as the early impacts of Covid-19 started to have an effect. In our PCC meeting on 27th January 2020, our primary concerns were:

By the time of the next PCC meeting on 22nd June 2020, the full weight of the Covid-19 outbreak had hit us, and all three of our Team Churches had stopped public worship and begun to stream all of our specially recorded services. The meeting discussed:

�� our responses to Covid-19 and its impact; the restriction on funerals; the difficulty of opening our churches for private prayer; and the instruction not to visit parishioners

A further PCC meeting was held on Zoom on 20th July 2020. As well as the PCC members, it had Mr Ian Crowe (Lay Dean of the Liverpool South Deanery Synod) as a witness to the proceedings. The meeting discussed:

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Gateacre Team Ministries

Trustees' Annual Report (continued)

Year ended 31 December 2020

Achievements and performance

Achievements and performance including a review of charitable achievements against objectives

This was a challenging year for the PCC and this is reflected in its achievements. However some new initiatives were started to rectify some of these shortcomings. Live Public Worship ceased due to the Covid pandemic. However the gateacre Team Ministry grouped together and for every Sunday of the closures, a mixture of live, pre-recorded worship material was streamed and broadcast on YouTube. This gained a new congregation as well as the old. Rooted continued as an online prayer and worship event with many great speakers and participants.

The electoral roll district totals
St Stephen's 54
Christ Church 20
St Mark's 30
Parish total 104

Church buildings are being maintained as much as possible during the lockdowns.

Finance, Giving and Fundraising continue to be an issue for all three churches as the lack of attendance has decimated our income. However, our income from the Parish Giving Scheme and our existing Standing Orders have helped.

Financial review

Finance, Giving and Fundraising continues to be an issue for all three churches but our Gift Aid Tax Reclaim continues to be a real blessing.

There was a deficit for the year of £27,173 (2019: surplus of £12,745). As previously mentioned, Covid-19 had a dreadful impact on income streams.

Free reserves total £12,742 (2019: £31,127)

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Gateacre Team Ministries

Trustees' Annual Report (continued)

Year ended 31 December 2020

Plans for future periods

Our objectives in 2021 are:

Team Ministry

----- Start of picture text -----
The trustees' annual report was approved on .............................. and signed on behalf of the board of
trustees by:
Rev P Janvier
Trustee
----- End of picture text -----

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Gateacre Team Ministries

Independent Examiner's Report to the Trustees of Gateacre Team Ministries

Year ended 31 December 2020

I report to the trustees on my examination of the financial statements of Gateacre Team Ministries ('the charity') for the year ended 31 December 2020.

Responsibilities and basis of report

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

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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

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 charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements 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.

Giles Mattocks FCA Independent Examiner

18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 0WN

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Gateacre Team Ministries

Statement of Financial Activities

Year ended 31 December 2020

2020 2019
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 54,004 292 54,296 89,429
Other trading activities 5 8,014 90 8,104 18,840
Investment income 6 20,147 – 20,147 33,218
---------------------------- -------------- ---------------------------- --------------------------------
Total income 82,165 382 82,547 141,487
============================ ============== ============================ ================================
Expenditure
Expenditure on raising funds:
Investment management costs 7 610 – 610 –
Expenditure on charitable activities 8,9 99,940 9,170 109,110 128,742
-------------------------------- ----------------------- -------------------------------- --------------------------------
Total expenditure 100,550 9,170 109,720 128,742
================================ ======================= ================================ ================================
-------------------------------- ----------------------- -------------------------------- --------------------------------
Net (expenditure)/income and net
movement in funds (18,385) (8,788) (27,173) 12,745
================================ ======================= ================================ ================================
Reconciliation of funds
Total funds brought forward 298,127 37,170 335,297 322,552
-------------------------------- ---------------------------- -------------------------------- --------------------------------
Total funds carried forward 279,742 28,382 308,124 335,297
================================ ============================ ================================ ================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 12 to 19 form part of these financial statements.

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Gateacre Team Ministries

Statement of Financial Position

31 December 2020

2020 2019
Note £ £ £
Fixed assets
Tangible fixed assets 14 267,000 267,000
Current assets
Cash at bank and in hand 64,795 91,968
Creditors: amounts falling due within one year 15 3,671 3,671
---------------------------- ----------------------------
Net current assets 61,124 88,297
-------------------------------- --------------------------------
Total assets less current liabilities 328,124 355,297
Creditors: amounts falling due after more than
one year 16 20,000 20,000
-------------------------------- --------------------------------
Net assets 308,124 335,297
================================ ================================
Funds of the charity
Restricted funds 28,382 37,170
Unrestricted funds 279,742 298,127
-------------------------------- --------------------------------
Total charity funds 17 308,124 335,297
================================ ================================

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

Rev P Janvier Trustee

The notes on pages 12 to 19 form part of these financial statements.

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Gateacre Team Ministries

Notes to the Financial Statements

Year ended 31 December 2020

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Belle Vale Road, Gateacre, Liverpool, L25 2PQ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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Gateacre Team Ministries

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

All fixed assets are initially recorded at cost.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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Gateacre Team Ministries

Notes to the Financial Statements (continued)

Year ended 31 December 2020

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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Gateacre Team Ministries

Notes to the Financial Statements (continued)

Year ended 31 December 2020

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Donations
Donations 32,654 56 32,710
Legacies
Legacies type 1 – – –
Gifts
Gifts 19,534 – 19,534
Grants
Grants receivable 1,350 – 1,350
Subscriptions
Subscriptions 466 236 702
---------------------------- -------------- ----------------------------
54,004 292 54,296
============================ ============== ============================
Unrestricted Restricted Total Funds
Funds Funds 2019
£ £ £
Donations
Donations 21,795 1,089 22,883
Legacies
Legacies type 1 14,250 – 14,250
Gifts
Gifts 47,808 – 47,808
Grants
Grants receivable 1,400 – 1,400
Subscriptions
Subscriptions 659 2,429 3,088
---------------------------- ----------------------- ----------------------------
85,912 3,518 89,429
============================ ======================= ============================
5. Other trading activities
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Fundraising events 4,277 90 4,367
Hire of Facilities 3,737 – 3,737
----------------------- -------------- -----------------------
8,014 90 8,104
======================= ============== =======================

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Gateacre Team Ministries

Notes to the Financial Statements (continued)

Year ended 31 December 2020

5. Other trading activities (continued)

Unrestricted Restricted Total Funds
Funds Funds 2019
£ £ £
Fundraising events 8,839 1,593 10,432
Hire of Facilities 8,408 – 8,408
---------------------------- ----------------------- ----------------------------
17,247 1,593 18,840
============================ ======================= ============================
6. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
£ £ £ £
Income from investment properties 20,114 20,114 33,137 33,137
Bank interest receivable 33 33 81 81
---------------------------- ---------------------------- ---------------------------- ----------------------------
20,147 20,147 33,218 33,218
============================ ============================ ============================ ============================
7. Investment management costs
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
£ £ £ £
Property repairs and maintenance
charges 610 610 – –
============== ============== ============== ==============
8. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Direct charitable activities 98,365 9,170 107,535
Support costs 1,575 – 1,575
---------------------------- ----------------------- --------------------------------
99,940 9,170 109,110
============================ ======================= ================================
Unrestricted Restricted Total Funds
Funds Funds 2019
£ £ £
Direct charitable activities 119,611 7,856 127,467
Support costs 1,276 – 1,275
-------------------------------- ----------------------- --------------------------------
120,887 7,856 128,742
================================ ======================= ================================

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Gateacre Team Ministries

Notes to the Financial Statements (continued)

Year ended 31 December 2020

9. Expenditure on charitable activities by activity type

Activities
undertaken Support Total funds Total fund
directly costs 2020 2019
£ £ £ £
Direct charitable activities 107,535 – 107,535 127,467
Governance costs – 1,575 1,575 1,275
-------------------------------- ----------------------- -------------------------------- --------------------------------
107,535 1,575 109,110 128,742
================================ ======================= ================================ ================================
Independent examination fees
2020 2019
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,200 900
======================= ==============

10. Independent examination fees

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:
2020 2019
£ £

The average head count of employees during the year was Nil (2019: Nil). No employee received employee benefits of more than £60,000 during the year (2019: Nil).

12. Trustee remuneration and expenses

No trustees were paid any remuneration.

13. Transfers between funds

Funds are transferred from the general fund to the restricted fund when required.

14. Tangible fixed assets

Land and
buildings
£
Cost
At 1 January 2020 and 31 December 2020 267,000
================================
Depreciation
At 1 January 2020 and 31 December 2020 –
================================
Carrying amount
At 31 December 2020 267,000
================================
At 31 December 2019 267,000
================================

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Gateacre Team Ministries

Notes to the Financial Statements (continued)

Year ended 31 December 2020

15. Creditors: amounts falling due within one year Creditors: amounts falling due within one year
2020 2019
£ £
Bank loans and overdrafts 3,671 3,671
======================= =======================
16. Creditors: amounts falling due after more than one year
2020 2019
£ £
Bank loans and overdrafts 20,000 20,000
============================ ============================
17. Analysis of charitable funds
Unrestricted funds
At At
1 Jan 2020 Income Expenditure 31 Dec 2020
£ £ £ £
General funds 298,127 82,165 (100,550)
279,742
================================ ============================ ================================ ================================
At At
1 Jan 2019 Income Expenditure 31 Dec 2019
£ £ £ £
General funds 282,637 136,377 (120,887)
298,127
================================ ================================ ================================ ================================
Restricted funds
At At
1 Jan 2020 Income Expenditure 31 Dec 2020
£ £ £ £
Restricted Fund 37,170 382 (9,170)
28,382
============================ ============== ======================= ============================
At At
1 Jan 2019 Income Expenditure 31 Dec 2019
£ £ £ £
Restricted Fund 39,915 5,111 (7,856)
37,170
============================ ======================= ======================= ============================

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Gateacre Team Ministries

Notes to the Financial Statements (continued)

Year ended 31 December 2020

18. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Tangible fixed assets 267,000 – 267,000
Current assets 16,413 48,382 64,795
Creditors less than 1 year (3,671) (20,000)
(23,671)
-------------------------------- ---------------------------- --------------------------------
Net assets 279,742 28,382 308,124
================================ ============================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2019
£ £ £
Tangible fixed assets 267,000 – 267,000
Current assets 31,027 60,941 91,968
Creditors less than 1 year 100 (23,771)
(23,671)
-------------------------------- ---------------------------- --------------------------------
Net assets 298,127 37,170 335,297
================================ ============================ ================================

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Gateacre Team Ministries

Management Information

Year ended 31 December 2020

The following pages do not form part of the financial statements.

- 20 -

Gateacre Team Ministries

Detailed Statement of Financial Activities

Year ended 31 December 2020

2020 2019
£ £
Income and endowments
Donations and legacies
Donations 32,710 22,883
Legacies type 1 – 14,250
Gifts 19,534 47,808
Grants receivable 1,350 1,400
Subscriptions 702 3,088
---------------------------- ----------------------------
54,296 89,429
---------------------------- ----------------------------
Other trading activities
Fundraising events 4,367 10,432
Hire of Facilities 3,737 8,408
----------------------- ----------------------------
8,104 18,840
----------------------- ----------------------------
Investment income
Income from investment properties 20,114 33,137
Bank interest receivable 33 81
---------------------------- ----------------------------
20,147 33,218
---------------------------- ----------------------------
---------------------------- --------------------------------
Total income 82,547 141,487
============================ ================================
Expenditure
Investment management costs
Property repairs and maintenance charges 610 –
---------------------------- --------------------------------
Expenditure on charitable activities
Repairs and maintenance 13,298 11,294
Motor vehicle expenses 611 1,909
Legal and professional fees 1,575 1,200
Telephone 3,083 3,140
Other office costs 844 2,885
Ministry 34,946 42,622
Church & centre running costs 52,128 61,407
Support costs 1,956 3,581
Fundraising costs 319 554
Gifts 350 150
-------------------------------- --------------------------------
109,110 128,742
-------------------------------- --------------------------------
-------------------------------- --------------------------------
Total expenditure 109,720 128,742
================================ ================================
-------------------------------- --------------------------------
Net (expenditure)/income (27,173) 12,745
================================ ================================

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Gateacre Team Ministries

Notes to the Detailed Statement of Financial Activities

Year ended 31 December 2020

2020 2019
£ £
Expenditure on charitable activities
Direct charitable activities
Activities undertaken directly
Repairs & maintenance 13,298 11,294
Outings and entertainment 611 1,909
Telephone 3,083 3,140
Other office costs 844 2,810
Ministry 34,946 42,622
Church & Centre running costs 52,128 61,407
Support costs 1,956 3,581
Fundraising costs 319 554
Gifts 350 150
-------------------------------- --------------------------------
107,535 127,467
-------------------------------- --------------------------------
Governance costs
Governance costs - accountancy fees 1,575 1,200
Governance costs - other office costs – 75
----------------------- -----------------------
1,575 1,275
----------------------- -----------------------
-------------------------------- --------------------------------
Expenditure on charitable activities 109,110 128,742
================================ ================================

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