**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:
- Holding regular services for the worship of God and the Lord Jesus Christ
- Preaching and expounding the teachings of the Bible, including through meetings and activities aimed specifically at young people and children
- 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:
- 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.
- 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.
- A budget of £175,000 for 2020 to cover the costs of operating Church activities.
- 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.
- 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.
Page 2
**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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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...
Page 9
**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...
Page 10
**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...
Page 11
**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...
Page 12
**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...
Page 13
**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...
Page 14
**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...
Page 15
**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.
Page 16
**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
Page 17
**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
Page 18