REGISTERED COMPANY NUMBER: 07025797 (England and Wales) REGISTERED CHARITY NUMBER: 1167000
Report of the Trustees and
Financial Statements for the Year Ended 31st December 2020
for
Brunstad Christian Church Huntworth
Sheen Stickland Chartered Accountants
7 East Pallant Chichester West Sussex PO19 1TR
Brunstad Christian Church Huntworth
Contents of the Financial Statements for the Year Ended 31st December 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 16 |
| Detailed Statement of Financial Activities | 17 to 18 |
Brunstad Christian Church Huntworth
Report of the Trustees for the Year Ended 31st December 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Brunstad Christian Church Huntworth took over the charitable objectives of its former incarnation, BCC Huntworth on 1st April 2017. The new Charity seeks to demonstrate the Christian faith in action by operating as a church in the local area and through missionary work worldwide. This includes:
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Holding regular services for the worship of God and the Lord Jesus Christ
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Preaching and expounding the teachings of the Bible, including through meetings and activities aimed specifically at young people and children
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Conducting missionary activities to promote the Christian faith in other countries
Public benefit
Under the 2006 Charities Act the advancement of religion continues to be charitable but the Act also requires that there must be a public benefit. The Trustees have paid due regard to the Charity Commission's guidance on public benefit and maintain that public benefit can be demonstrated in the out workings of the charity's activities. Specifically, that individuals are taught to contribute constructively to society, to respect local and national authorities and therefore to be law-abiding citizens who have genuine care for their neighbours and both the man-made and natural environment. Increasingly, the charity focuses on engaging young people and children in constructive, healthy and beneficial activities of a practical nature, designed to keep them safe from the more negative influences in society and which demonstrate to them that giving, rather than taking, is a key to a fulfilled and happy life. During 2020 many of these activities have made use of digital tools as a result of the COVID-19 pandemic; these have been of enormous benefit and we therefore see ourselves continuing to focus our energies in this direction in future.
The Charity's property is regularly used by the NHS, politicians, societies and other charities for communication, training and leisure activities, and through our subsidiary trading company, Somerset Solutions Ltd (SSL) our café and children's playpark are visited by hundreds of local people annually.
Church Attendance
During the year the number of adults and children from the Bridgwater area regularly attending our meetings has remained steady at approximately 140, which is approximately the same as the 'congregation' of the Brunstad Christian Church Huntworth charity. On special occasions (such as weddings or birthday celebrations) visitors can on occasion mean numbers increase to as many as 300. Of course, 2020 was a very unique year as a result of the pandemic so from April onwards our meetings moved largely online, which has also enabled others who are not from the local area (including from Ireland, Norway, South Africa, the US and Canada) to participate in our meetings.
Page 1
Brunstad Christian Church Huntworth
Report of the Trustees for the Year Ended 31st December 2020
ACHIEVEMENT AND PERFORMANCE
Charitable activities
2020, which saw us pass our 20th anniversary in our own premises, was another extremely eventful year, not least because of the impact of the COVID-19 virus. We were able to conduct regular meetings up to April 2020 but because of the various lockdowns we moved the majority of these online. Once allowed within Government guidelines we also held a number of in-person meetings after conducting appropriate risk assessments and an action plan to manage them.
The Operational Board continues to actively work to ensure we make best use of the Charity's resources. As has been our custom, we continued to be actively engaged in voluntary fundraising activities so that we can raise enough money to meet the current and future needs of our members, not least our young people and children. To this end, we have again worked closely with Somerset Solutions Ltd (SSL), a wholly owned subsidiary company owned by Brunstad Christian Church Huntworth, which uses our church property to run events such as weddings, birthday celebrations, training events and business seminars. In March 2020 we also opened our Midas Coffee Lounge to the general public, serving drinks and light refreshments. We saw a successful launch but were of course impacted by the lockdown at the end of that month. The purpose of SSL is to generate work opportunities, donates profit and takes responsibility for the funding and management of our church property. Clearly, our ability to do this has been affected by the pandemic, but we have nevertheless continued with these activities when the situation allowed us to do so within the government guidelines.
The established pattern of meetings continued, albeit in a limited fashion, with regular meetings on Sundays, weekly youth meetings (for 12 to 36-year-olds), boys' and girls' activity groups, and regular satellite transmissions from our 'parent' church in Brunstad, Norway. The charity has been resourceful in finding creative ways to continue these activities digitally, and in some cases finding that digital tools enhanced the experience of these events. Wherever possible we have continued with sports, virtual online youth camps, seminars (eg. on safeguarding) as well as the fundraising activities mentioned above. The purpose of fundraising is to generate funds for the church's missionary activities with our own young people and children and to support the expansion of our international missionary and conference centre at Brunstad, Norway.
The church again supported missionary work in Kenya, Uganda and Tanzania, specifically through our pastor holding online meetings and conferences with churches there. Another part of our mission work is making use of the internet (see our website www.activechristianity.org) to transmit Christian teaching through articles, photographs, film clips and song and BCCH is taking an increasingly active role in supporting that work.
During this year, the Trustees have considered a number of important issues and taken key decisions including:
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The continuation of the fundraising drive initiated in 2019 to help our young people participate in four Youth Camps organized by our parent, Brunstad Christian Church in Norway. Because of the pandemic all four of these camps have taken place largely online.
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We carried out work on two major developments, managed by SSL but working collaboratively with the Charity. In February, we completed an extension to our property which is used by our members and also by SSL for the Midas Coffee Lounge. This café provides a service to local people and is a source of fundraising for our young people. At the same time, we completed work on a children's playpark for our children. This playpark is also a key facility for local people who use it regularly when they come to our Midas Coffee Lounge.
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A budget of £175,000 for 2020 to cover the costs of operating Church activities.
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We have continued to develop the Brunstad Christian Church Huntworth SharePoint site for the storage and increased accessibility of key documents. This applies to all meeting agendas, minutes and associated documents, together with any resources used in our children's and youth meetings and other activities.
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Our work on safeguarding has continued to mature; we have a well-established safeguarding team and held our second major safeguarding seminar for all who are engaged in children's and youth work.
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Brunstad Christian Church Huntworth
Report of the Trustees for the Year Ended 31st December 2020
FINANCIAL REVIEW
Financial review
Throughout 2020 we continued to see generous support from the church membership and have therefore been able to continue raising funds for the development of the premises and the mission work.
Reserves policy
The Board of Trustees has established a policy whereby unallocated reserves held by the Charity should be maintained at an amount sufficient to cover unforeseen shortfalls of income. This buffer is currently kept at the level of £30,000, but in addition during 2020 we sought to raise a larger reserve fund to help ensure we could mitigate any risks arising from COVID-19, both for ourselves or for our parent church in Norway. We therefore managed to raise £112,000 for this purpose.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Governance
The policies and strategies which govern the Charity's development, rest with the trustees. They meet and communicate regularly to oversee the activities of the Charity. The current list of trustees is as follows:
Stephen Chadwick, Chairman Koshy Jacob Matthew Savage Andrea Hall
All trustees attend local church meetings and are active members of Brunstad Christian Church internationally.
The trustees continue to be supported by an Operational Board which comprises members of the Charity with practical, commercial and organisational skills. Operational Board members each take responsibility for various practical aspects of the Charity's activities including activities with young people and children; maintenance and development of our property; organising, managing and administering the Charity's activities; and managing the Trust's finances.
Recruitment and appointment of new trustees
Trustees are appointed who are familiar with the aims and policies of the Charity, and who have won the confidence of the congregation through their commitment and conduct over several years.
Trustees have hitherto not required any additional training except that which relates to the protection of vulnerable adults and child protection - both areas which the charity takes very seriously. Were the situation to arise where the charity wished to appoint a trustee who is believed would benefit from training in any particular area, then arrangements would be made for such training to be provided.
Stephen Chadwick has acted as Board Chairman since 1 October 2018 and was again appointed to that role by the AGM for the duration of 2020.
Risk management
The trustees have reviewed the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis. Specifically, risks relating to vulnerable adults and child protection are under close scrutiny by the Charity. Consequently, we continue to develop and update our safeguarding framework which consists of a comprehensive policy, clear guidelines, procedures and training, as well as commitment to closer liaison with the authorities. All of these measures are designed to reduce both the likelihood and impact of incidents in this area. We have developed this safeguarding framework in close collaboration with our 'parent' church, Brunstad Christian Church, Norway.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07025797 (England and Wales)
Page 3
Brunstad Christian Church Huntworth
Report of the Trustees for the Year Ended 31st December 2020
Registered Charity number 1167000
Registered office
Huntworth Marsh Lane Huntworth North Petherton Somerset TA6 6LQ
Trustees
Dr K Jacob (resigned as a Director 23.11.20) S A Chadwick M R Savage Ms A Hall (appointed 23.11.20)
Independent Examiner
P E H Wright FCA DChA Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR
Approved by order of the board of trustees on 20[th] December 2021 and signed on its behalf by:
Ms A Hall - Trustee
Page 4
Independent Examiner's Report to the Trustees of Brunstad Christian Church Huntworth
Independent examiner's report to the trustees of Brunstad Christian Church Huntworth ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 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 I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England & Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
P E H Wright FCA DChA Sheen Stickland Chartered Accountants 7 East Pallant Chichester West Sussex PO19 1TR
Date 20th December 2021
Page 5
Brunstad Christian Church Huntworth
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31st December 2020
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities The furtherance of the Christian faith Other trading activities 3 Investment income 4 Total EXPENDITURE ON Charitable activities 5 The furtherance of the Christian faith NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2020 Unrestricted fund £ 209,035 36,221 38,732 9,865 293,853 160,843 133,010 1,630,153 1,763,163 |
2019 Total funds £ 212,069 205,916 12,528 5,768 436,281 274,036 162,245 1,467,908 1,630,153 |
|---|---|---|
The notes form part of these financial statements
Page 6
Brunstad Christian Church Huntworth
Balance Sheet 31st December 2020
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 14 NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS |
2020 Unrestricted fund £ 818,528 979,538 262,949 1,242,487 (68,157) 1,174,330 1,992,858 (229,695) 1,763,163 1,763,163 1,763,163 |
2019 Total funds £ 831,579 987,461 159,911 1,147,372 (68,772) 1,078,600 1,910,179 (280,026) 1,630,153 1,630,153 1,630,153 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
Brunstad Christian Church Huntworth
Balance Sheet - continued 31st December 2020
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 20[th] December 2021 and were signed on its behalf by:
S A Chadwick - Trustee
A Hall - Trustee
The notes form part of these financial statements
Page 8
Brunstad Christian Church Huntworth
Notes to the Financial Statements for the Year Ended 31st December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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.
Grants payable are taken into account at the earlier of when they are paid or become constructive obligations.
Grants for the support of missionaries are accounted for on the basis of support that relates to the financial year.
Governance costs
Governance costs include the costs of governance arrangements which relate to the general running of the Charity.
Allocation and apportionment of costs
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.
life. |
|
|---|---|
| Freehold property | - 2% on cost |
| Improvements to property | - 2% on cost |
| Fixtures and fittings | - 25% on cost |
Land included within freehold property is not depreciated.
Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful lives unless they cost less then £200 when they are written off in the year of purchase.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
continued...
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Brunstad Christian Church Huntworth
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Foreign currencies
Assets and liabilities are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2. DONATIONS AND LEGACIES
| Gifts Gift aid Deed of covenant 3. OTHER TRADING ACTIVITIES Fundraising / trading 4. INVESTMENT INCOME Rents received Deposit account interest Loan interest received 5. CHARITABLE ACTIVITIES COSTS The furtherance of the Christian faith |
Direct Costs (see note 6) £ 114,540 |
Grant funding of activities (see note 7) £ 34,844 |
2020 £ 180,740 28,295 - 209,035 2020 £ 38,732 2020 £ - 361 9,504 9,865 Support costs (see note 8) £ 11,459 |
2019 £ 174,973 18,296 18,800 212,069 2019 £ 12,528 2019 £ 1,650 247 3,871 5,768 Totals £ 160,843 |
|---|---|---|---|---|
continued...
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Brunstad Christian Church Huntworth
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
| 6. DIRECT COSTS OF CHARITABLE ACTIVITIES |
|||
|---|---|---|---|
| Rates and water Insurance Literature costs Maintenance and repairs IT and media Conferences and training Travel and subsistence Rent Church ministries Donation Convention costs Depreciation Interest payable and similar charges 7. GRANTS PAYABLE The furtherance of the Christian faith The total grants paid to institutions during the year was as follows: Mission Support |
2020 £ 651 5,109 15,242 185 13 1,364 1,883 18,000 16,240 9,862 25,365 14,572 6,054 114,540 2020 £ 34,844 2020 £ 34,844 |
2019 £ 4,287 5,467 31,623 13,248 - 8,776 26,784 24,000 8,990 6,000 70,618 17,015 7,261 |
|
| 224,069 | |||
| 2019 £ 39,449 |
|||
| 2019 £ 39,449 |
The Church supports missionaries in the UK and internationally. Where a particular missionary has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in the accounts as a liability. Whilst the support has no final end date in some cases, the Church officers assess missionary funding on an annual basis and are confident that the missionaries would not view their support as an open ended obligation by the Church.
The main feature of the grants made were support for worldwide mission work undertaken by associates of Brunstad churches in Europe.
continued...
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Brunstad Christian Church Huntworth
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
8. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Management £ The furtherance of the Christian faith 6,105 Support costs, included in the above, are as follows: |
Governance Finance costs £ £ 554 4,800 |
Totals £ 11,459 |
Management
| Management | ||
|---|---|---|
| 2020 | 2019 | |
| The | ||
| furtherance | ||
| of the | ||
| Christian | Total | |
| faith | activities | |
| £ | £ | |
| Software and license fees | 1,985 | 509 |
| Professional fees | 4,120 | 4,467 |
| 6,105 | 4,976 | |
| Finance | ||
| 2020 | 2019 | |
| The | ||
| furtherance | ||
| of the | ||
| Christian | Total | |
| faith | activities | |
| £ | £ | |
| Bank charges | 554 | 619 |
| Other card charges | - | 123 |
| 554 | 742 | |
| Governance costs | ||
| 2020 | 2019 | |
| The | ||
| furtherance | ||
| of the | ||
| Christian | Total | |
| faith | activities | |
| £ | £ | |
| Independent Examiner's fee | 4,800 | 4,800 |
continued...
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Brunstad Christian Church Huntworth
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets | 2020 £ 14,570 |
2019 £ 17,015 |
|---|---|---|
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2020 nor for the year ended 31st December 2019.
11. TANGIBLE FIXED ASSETS
| COST At 1st January 2020 Additions At 31st December 2020 DEPRECIATION At 1st January 2020 Charge for year At 31st December 2020 NET BOOK VALUE At 31st December 2020 At 31st December 2019 DEBTORS Amounts falling due within one year: Trade debtors Amounts owed by group undertakings Other debtors |
Improvements Freehold to property property £ £ 675,743 238,331 - - 675,743 238,331 81,413 4,767 8,637 4,766 90,050 9,533 585,693 228,798 594,330 233,564 |
Fixtures and fittings Totals £ £ 117,022 1,031,096 1,519 1,519 118,541 1,032,615 113,337 199,517 1,167 14,570 114,504 214,087 4,037 818,528 3,685 831,579 2020 2019 £ £ 15,147 5,133 20,968 44,457 28,295 - 64,410 49,590 |
Fixtures and fittings Totals £ £ 117,022 1,031,096 1,519 1,519 118,541 1,032,615 113,337 199,517 1,167 14,570 114,504 214,087 4,037 818,528 3,685 831,579 2020 2019 £ £ 15,147 5,133 20,968 44,457 28,295 - 64,410 49,590 |
|---|---|---|---|
| 199,517 14,570 |
|||
| 214,087 | |||
| 818,528 | |||
| 831,579 | |||
| 2019 £ 5,133 44,457 - |
|||
| 49,590 |
12. DEBTORS
continued...
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Brunstad Christian Church Huntworth
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
| 12. DEBTORS - continued 2020 £ Amounts falling due after more than one year: Amounts owed by group undertakings 185,128 Other debtors 730,000 Aggregate amounts 979,538 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 £ Bank loans and overdrafts (see note 15) 52,511 Trade creditors 9,394 Other creditors 1,452 Accruals and deferred income 4,800 68,157 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2020 £ Bank loans (see note 15) 229,695 15. LOANS An analysis of the maturity of loans is given below: 2020 £ Amounts falling due within one year on demand: Bank overdrafts 3,027 Bank loan 49,484 52,511 Amounts falling due in more than five years: Repayable by instalments: Bank loan 229,695 |
2019 £ 207,871 730,000 987,461 2019 £ 44,979 17,718 1,275 4,800 68,772 2019 £ 280,026 2019 £ - 44,979 44,979 280,026 |
|---|---|
The bank loans are provided by Nat West Bank plc and are secured on the church freehold premises and repayable over 20 years. The loans are provided at varying rates of between 1.5% and 2% above the bank base rate.
continued...
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Brunstad Christian Church Huntworth
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are a Unrestricted funds General fund TOTAL FUNDS |
At 1.1.20 £ 1,630,153 1,630,153 Incoming resources £ 293,853 293,853 At 1.1.19 £ 1,467,908 1,467,908 s follows: Incoming resources £ 436,281 436,281 |
Net movement in funds £ 133,010 133,010 Resources expended £ (160,843) (160,843) Net movement in funds £ 162,245 162,245 Resources expended £ (274,036) (274,036) |
At 31.12.20 £ 1,763,163 1,763,163 Movement in funds £ 133,010 133,010 At 31.12.19 £ 1,630,153 1,630,153 Movement in funds £ 162,245 162,245 |
|
|---|---|---|---|---|
continued...
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Brunstad Christian Church Huntworth
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.19 £ 1,467,908 1,467,908 |
Net movement in funds £ 295,255 295,255 |
At 31.12.20 £ 1,763,163 1,763,163 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 730,134 730,134 |
Resources Movement expended in funds £ £ (434,879) 295,255 (434,879) 295,255 |
|---|---|---|
17. RELATED PARTY DISCLOSURES
During the current year the charitable company consolidated the loans made in 2017 and 2019 to Somerset Solutions Limited. As at 31 December 2020 the total capital sum outstanding was £203,699. This loan is due to be fully repaid no later than 31 December 2030 and interest is payable at 2% per annum.
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Brunstad Christian Church Huntworth
Detailed Statement of Financial Activities for the Year Ended 31st December 2020
| INCOME AND ENDOWMENTS Donations and legacies Gifts Gift aid Deed of covenant Other trading activities Fundraising / trading Investment income Rents received Deposit account interest Loan interest received Charitable activities Conference income Other income Total incoming resources EXPENDITURE Charitable activities Rates and water Insurance Literature costs Maintenance and repairs IT and media Conferences and training Travel and subsistence Rent Church ministries Donation expense Convention costs Freehold property Improvements to property Fixtures and fittings Mortgage Grants to institutions |
2020 £ 180,740 28,295 - 209,035 38,732 - 361 9,504 9,865 6,619 29,602 36,221 293,853 651 5,109 15,242 185 13 1,364 1,883 18,000 16,240 9,862 25,365 8,637 4,767 1,168 6,054 34,844 149,384 |
2019 £ 174,973 18,296 18,800 212,069 12,528 1,650 247 3,871 5,768 39,214 166,702 205,916 436,281 4,287 5,467 31,623 13,248 - 8,776 26,784 24,000 8,990 6,000 70,618 8,637 4,767 3,611 7,261 39,449 263,518 |
|---|---|---|
This page does not form part of the statutory financial statements
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Brunstad Christian Church Huntworth
Detailed Statement of Financial Activities for the Year Ended 31st December 2020
| Support costs Management Software and license fees Professional fees Finance Bank charges Other card charges Governance costs Independent Examiner's fee Total resources expended Net income |
2020 £ 1,985 4,120 6,105 554 - 554 4,800 160,843 133,010 |
2019 £ 509 4,467 4,976 619 123 742 4,800 274,036 162,245 |
|---|---|---|
This page does not form part of the statutory financial statements
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