2020-08-31-accounts - The Fellowship Of Independent Evangelical Churches

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CONTENTS	Page
Report ofthe Trust Board	1to9
Report ofthe Auditors	10tO 12
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows	15
Notes to the Financial Statements	16to 25

Forthe year ended 31A	ugust	2o2o
				2020				2019
			Unrestricted	Restricted			Total	Total
		Note			k		/s
Income and endowments	from:
Donations and legacies:
Donations			954/6 12	186/723		1/141/335		1/915/334
Grants								262,786
Investments			14,267		113		14,380	40,688
Charitable activities:
Courses and conferences			185,457				185,457	174,168
Publications and literature			6,756				6,756	1,285
Others			86 8				868
Total income and endowments			12 1	186	8 6	1	8o	~2~6
Expenditure on:
Charitable activities:
Support to churches			615,o87	129/103			744/190	702,616
Training and information		9	314/310	323/116			637,426	527,697
Outreach		10	47,858	757,136			8o4,994	66,61.6
Grants and gifts					6o		6o	3/920
Representation on and support		of
other evangelical organisations Development		12	41,502	22	8		41/502 8	4o,826 ~2~9
Total expenditure		13	1018	12 2		22 116		~11~24
Net income/(expenditure)			229/214	(1/045/563)		(816/349)		1/022/941
Transfers between funds		14	4/003	(4/003)
Net movement in funds	before
revaluations and investment		disposals	233/ 217	(1/049/	566)	(816/349)		1/022/941
Net gains/(losses) on investments
Net movement in funds			233/217	(1/049/566)		(816/349)		1/022/941
Fund balances brought forward			976/722	1/790/098		2/766/820		1/743/879
Fund balances carried forward			1 2					66~8

				2020				2029
		Note
Fixed assets
Tangible fixed assets held
for charity use		16		916,564				1/152I170
Loans				/OO	OOO
				965,564				1/227/ 049
Current assets
Stocks			12/054			12,o86
Debtors		17	35/719			42,005
Short term deposits Cash at bank and in	hand		759/142 ~622 82			1,656,563 ~222
			1,428,397			2,o87,776
Creditors: Amounts	falling due
within one year		18				/~8	0~0
Net current assets				8	6LOO/			~19392D
Total assets less current liabilities				2/350/471				3,166,82o
Creditors: Amounts	falling due
after one year		19		00	000			00 000
Net assets
Funds
Restricted		20		740/532				1,790,098
Unrestricted		21		~120				~6~22
Totalcharityfunds		22						66~8

Statement ofCash Flows
Forthe year ended 31August	2o2o
								2020			2019
Cash flows from operating activities
Cash generated from/(absorbed	by)		operations:
Income forthe year								(816,349)			1,022,941.
Adjustment for:
Investment income recognised	in	statement			offinancial		activities	(14,380)			(4o,688)
Depreciation								2o,883			21/217
(Gain)/loss on disposal oftangible			fixed	assets				(63,035)
Movements in working capital:
(Increase)/decrease in stocks									32		(2,7o5)
(Increase)/decrease in debtors Increase/(decrease) in creditors								6,286 +1011.~1}			4,206 ~2162
								(971,078)			184342133
Investing activities
Purchase oftangible fixed assets							(1,912)			(937,835)
Proceeds on disposal offixed assets							279,67o
Repayment ofloans from churches Interest and investment income							25,879 8o			23,105 ~o688
Net: cash generated from/(used		in) investing				activities		318,017			(874,o42)
Cash and cash equivalents at beginning				ofthe		year		~20	68~
Cash and cash equivalents at end			ofyear								2 (6358~

Income from Donations	Income from Donations	Unrestricted	Restricted	Total	Total
		funds	funds	2020	2029
			E
Donations	—Churches	765,188	79io45	844,233	755,815
	—Partners	21I477	107,678	129i155	607,731
	—Individuals/other	167,947		167,947	499I04.1
Legacies					~21hZ

Income	from	Unrestricted	Restricted	Total	Total
		funds	funds	2020	2029
		e	E		E
Grants	- trusts

Income	from investments	from investments	Unrestricted	Restricted	Total	Total
			funds	funds	2020	2019
Interest	and investment	income

Income from courses and	Unrestricted	Unrestricted	Restricted	Total	Total
conferences	funds		funds	2020	2029
			E		E
Course and conference fees	16,934			16934	30402
Leaders Conference	1~68	2r		~168 2	~66
				~mz

Income from publications	Income from publications	Unrestricted	Restricted	Total	Total
literature		funds	funds	2020	2019
		E	E		E
Primer		6,753		6,753	1,&69
Sale ofpublications	and literature				16

In zo19 all ofthe above income was attribu	table to unrestricted fun	ds.
Other income	Unrestricted	Restricted	Total	Total
	funds	funds	2020	2029
Gain on disposal offixed assets	63,035		63,o35
Job Retention Scheme grants	23,841		23,841
Other income

Expenditure on support	Unrestricted	Restricted	Restricted	Total	Total
to churches	funds	funds		2020	2029
	E				/e
Care and recognition ofchurches	55/313		28g	55,6oz	58,667
Preaching 8 Church Visits	82,752			8z,752	84,339
Information &Support	107/939		517	1o8,456	137,604
Leaders Conference	180,790			180790	171,884
Theological Advice					250
Womens' ministry	63,431			63,431	66,142
London Team	1,116			1/»6	2,1o8
Administering church records	25/159		156	25/315	4.2,436
Consultation and vision evenings					5/»9
Scotland projects					120
Pastor's Network	40/929		485	41/414	48,659
Pastoral care and support	57,658		346	58,oo4	47/949
Church Revitalisation		~22	10	~22 10	ML339.
	~61 &~8	~1~1		~1~1	g~66

Expenditure on training	Expenditure on training	Unrestricted	Restricted	Total	Total
and information		funds	funds	2020	2029
		/e			E
Together magazine		21,528		21,528	18,133
Primer		1g,o86		1g,o86	18,243
Media 8 Publicity		1oo,86g		100/869	88,557
Training Information,	advice
&support		101/270		101(270	g1,486
Church advice line			30,000	30,000	30,000
Website & Database	support	42/937		42/937	33,022
Hub Conference		22,002		22/002	26,81g
Training Fund grants			293(116	293,116	196,779
Other Conferences		6 618		6 618	2c/68

Expenditure on outreach	Expenditure on outreach	Unrestricted	Restricted	Total	Total
		funds	funds	2020	2029
		E	E
Mission information Mission projects and	86Support teams	431334 ~2	753,369 ~6	796,703 ~82 1	64,878 8

Expenditure	on grants and gifts	on grants and gifts	Unrestricted	Restricted	Total	Total
			funds	funds	2020	2029
			E			E
Benevolent	gifts
Grants and	gifts from restricted	funds were comprised	as follows:
1(2019:12)	individuals				6o	~20
					~6	~2

Expenditure	on	representation
and support	of	other	Unrestricted	Restricted	Total	Total
Evangelical	organisations		funds	funds	2020	2029
			E			E
Representation		on other bodies	13,287		13,287	122503
Support ofAffinity			~28 21		~28 21	~28

Total resources expended	Total resources expended			2020	2019
					E
Total resources expended includes:
Operating lease rentals	—office	equipment			99
Depreciation Auditors' remuneration	—for audit services			zo,883 ~6	21,217
Total staff costs comprise:
Salary costs				5ooi554	545I319
Social security Pension contributions	(including	income protection	cover)	4&F171 ~8o	48,751 ~8~1
					MM6

funds in accordance with the assignment o detailed at note 1.	funds in accordance with the assignment o detailed at note 1.	f employment activities and the	accounting policy o	n expenditu
The average number ofsalaried employees		during the year was:	No.	No.
Full-time
Other staff
Part- time
Other staff				10
			2020	2019
Travel expenses reimbursed	to 1z(zo19:1z)	Trust Board members	~8

Transfers between funds
Transfers represent the following:
Between Restricted and Unrestricted	Funds:
Transfer from Development Fund tothe General		Fund
Between Unrestricted Funds:
Transfer from the General Fund tothe Capital Fund

	Analysis ofsupport	costs
	Support costs include the		following:
							E
	Accounting and payroll administration						18,502
	Information technology						26,575
	Governance						~zx 8
	These costs are analysed		over the various activities ofthe		Fellowship
	based on the time spent by members			ofthe administrative	staff:
	Church Support						569%
	Training and information						31.6%
	Mission and Church	Planting					6.o%
	Representation on	other evangelical		organisations			3.3%
	Others						2.2%
16	Tangible fixed assets				Freehold	Fixtures	Total
					Land	Furniture
					and	and
					Buildings	Equipment
	Cost				E	E	E
	At1September 2019 Additions				1/149/961	104/425 ~112	1,254,386 12
					1/149/961	106,337	1,256,2g8
	Disposals At 31August 2020				~26 2 6) ~0~0	&1573) ~6~6	~2~86~?) ~68 66
	Depreciation
	At 1September zo1g				34,566	67,65o	1o2,216
	Charge forthe year					~111 0	~20 88
	Disposals At 31August zozo				44/309 L22~21 888	78,79o ~21	123,099 ~0 6I6L4) ~220
	Net book value
	At 31August zozo						~16~6
	At 31Augus't 2019						~11/~

17	Debtors					2020	2020	2029
							E	E
	Other debtors						776	1/159
	Prepayments and accrued income							~08 6
18	Creditors: due within	one year				2020		2029
							/e	/s
	Taxation and social security					19,569		21,310
	Deferred income					6,38g		114,634
	Accruals					~1	/i32	12061
	All deferred income	is released into	income in the	following year.
1g	Creditors: due after	one year
							2020	2029
								E
	Loans payable other	than by instalments due in 2 —5years
2o	Restricted funds		Balance			Transfers &		Balance
			at	Incoming	Resources	investment		at
			02.09.29	resources	expended	gains		32.0B.20
			E		/e
	Benevolent fund		116		6o			56
	Mission fund		831/638	55/055	752,863			133,830
	Dalling memorial fund		24/701					241701
	Philip Henman trust	fund	121/205					121/205
	Advice Line		35,000		30,000			5,000
	Scottish Legacy fund		23/373					23/373
	Church revitalisation	fund	127/059	250	127/309
	Development fund		9/900	41/053	22,984	(4/003)		23,966
	FIEC loan fund		g8,842	113				98,955
	Training fund		382,552	8o,365	293/116			169,801
	Connect for growth			10,000	31767			6,233
	Propertyfunds Office property fund		~1~12	28~6	~21/0			~1+12 ~0~2