2020-12-31-accounts - Grace Baptist Charities Limited

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						2020	2019*
				Unrestricted	Restricted	Total	Total
			Note	Fund f	Fund f	Funds f	Fundsf
Income and endowments	from:
Charitable activities			2.1	58,147		58,147	59,731
Investments			2.2	42,830	2,152	44 982	52 295
				100977	2152	1113129	1121126
Expenditure on:
Raising funds			3.1	6,139		6,139	7,076
Charitable activities			3.2	89441	40	89481	94,471
Total expenditure				95 50D	411	95 620	101,547
Operating surplus				5,397	2,112	7,509	10,479
Net gains /(losses) on investments Unrealised gains / (losses) on investments				74 798		74798	~816
Net income / (expenditure)	and Net movement		in Funds	80,195	2,112	82,307	(12,337)
Reconciliation offunds:
Funds brought forward Funds carried forward			10	241,322 ~321 I	157,842 159954	399,164 40 471	411,501 399164
No operations were acquired or discontinued		during the year.
*Prioryear analysis:
				Unrestricted	Restricted	Z019
				Fund	Fund	Total futtds
				f	f	f
Income and endowments	from:
Charitiable activities				59,731		59,731
Investments				49 872	2,423	52,295
Total income and endowments				109603	2423	112026
Expenditure on:
Raising funds				7,076		7,076
Charitable activities				94,411	60	94,471
Total expenditure				101 4117	60	1111547
Operating surplus				8,116	2,363	10,479
Net (losses) on investments
Unrealised (losses) on	investments			22 816		22,816
Net (expenditure) / income and Net movement			in Funds	(14,700)	2&363	(12&337)
Reconciliation offunds;
Funds brought forward				256,0 2	155,479	411301
Funds carried forward				241 322	157042	399164

		BALANCE SHEET	BALANCE SHEET
		AT31STDECEMBER 2020
					2020		2019
			/Vnta	f
Fixed assets
Investments						1,291,603	1,216,805
Current assets
Debtors (including more than on year)	f715,439(2019:f578,262) due in		5	724,401			667,540
Investments			6	158,399			157,409
Cash at Bank				1 195	290		1 255 129
Total Current assets				2,078,090			2,080,078
Liabilities
Creditors: Amounts		falling due within one year	7 ~2363		4511		2 897719
Net current assets/0iabilities)						(83,360	~837 141
Creditors: Amounts		falling due after one year				(726,772)
Total net assets			10			481 471	399164
The funds ofthe charity:
Unrestricted funds						26,277	70.880
Revaluation Reserve		(unrestricted)				95.740	220,442
Total Unrestricted	Fund					321,517	241,322
Restricted income	funds		10			159.954	157,842
Total funds						81471	399164

				2020	20/9
Statenient ofcash fluws:				Total /'attds	Total Fund
			Table		f
Cash flows from operating activities: Net cash provided by (used in) operating activities			4	~95 839	248,909
Cash flows from investing activities:
Dividends, interest and rent from investments Purchase ofinvestments				36,990 ~9903	45,265 ~1,0463
Net cash provided by (used in) investing activities				36,000	44,219
Change in cash and cash equivalents in the reporting	period			(59,839)	293,128
Cash and cash equivalents at the beginning ofthe reporting period Cash and cash equivalents at the end ofthe reporting period			0	1255129 1 195290	962001 1 255 129
Table A - Reconciliation ofnet income / (expenditure)	to	net cash flow
from operating activities:				2020	2079f
Net income / (expenditure) for the reporting period (as per
the statement offinancial activities)				82,307	(12,337)
Losses on investments				(74,798)	22,816
Dividends, interest and rent from investments				(36,990)	(45,265)
(Increase) in debtors Increase / (decrease) in creditors Net cash provided by (used in) operating activities				(56,861) ~9497 ~95 1339	(116,099) 399794 248909
Table B- Analysis ofcash and cash equivalents:
Cash in hand				1,149,561	1,209.655
Notice deposits (less than 3 months)				45 729	4 .474
Total cash and cash equivalents				I 195 2911	I 255 119

	Unrestricted funds —these are discretion ofthe directors.	Unrestricted funds —these are discretion ofthe directors.	Unrestricted funds —these are discretion ofthe directors.	Unrestricted funds —these are discretion ofthe directors.	Unrestricted funds —these are discretion ofthe directors.	funds which	can be used	in accordance	with the chari	table objects a	t the
2	INCOME AND ENDOWMENTS							2020	2020	2020	2019
								Unrestricted	Restricted	Total	Total
	2.1 Income from charitable			activities						f
	Management charges							32,396		32,396	32,612
	Property management							14,922		14,922	15,175
	Interest from loans to	churches				and trusts		10829		10,829	11,944
								511147	—	58147	59731
	2.2 Income from investments
	Investment properties							38,275		38,275	47,207
	Bank and other interest							4555	I 15'I	6,707	10,088
								42 830	.15	982
	All investment income		arose		from assets held		in the UK
3	EXPENDITURE							2020	2020	2020	2019
								Unrestricted	Restricted	Total	Total
								f	f
	3.1 Raising funds
	Investment property expenditure							6,139		6 139	7,076
								6 139	-	6139	7 076
	3.2 Charitable activities
	Grant payable to AGBC(SE)							47,191		47,191	46,406
	Interest payable to churches				and trusts			37,344		37,344	42,923
	Office and stationery	costs						127		127	163
	Trustee management	charge							40	40	60
	Legal and professional		fees					13		13	383
	Goverance costs							4,706		4,706	4,476
	Bank charges &interest							60		60	60
								89441	4~	89 481	94,471

4	INVESTMENTS						2020f
	Investment Properties
	Market value at 1st January 2020						1,216,805
	Additions
	Unrealised (losses) Igains						74 798
	Market value at 31stDecember 2020						1291603
	Historical cost at 31stDecember 2020						996 363
	The directors obtained a professional		valuation ofthe investment		properties	in September 2016 and	then updated
	these to the year-end using an	index adjustment.
						2020f	2019 f
5	DEBTORS
	Loans (payable after more than		one	year)
	Loans to churches (1)					240,439	83,262
	Loans to trusts (4)					475 Mtl	41'5 tlotl
						715430	575.252
	Other debtors
	Amounts due from churches					4,436	86,747
	Amount due from trusts					2,819
	Sundry debtors					1,707	2,531
						8,962	89 278
	Total debtors					724,401	M7,540
6	CURRENT ASSET INVESTMENTS					2020	2019 f
	Counties and Cambridge	bank 95	days'	notice		58,399	57,409
	Shawbrook Bank 120days' notice					100000	100,000
						158399	7409
7	CREDITORS: amounts falling due within			one year		2020 f	2019 f
	Amounts due to churches					1,720,564	2,293,796
	Amount due to AGBC(SE)					309,055	438,020
	Amounts due to trusts					127,966	161,849
	Other creditors					3 865	4,054
						2 161 450	2 897 719
8	CREDITORS: amounts falling due within			one year		2020 f	2019 f
	Amounts due to churches					726 772

RESTRICTED FUNDS	2020 f	2020	2020f
	Hayes Lane	Downe	Total
	Legacy	Legacy
Balance at 1st January 2020 Income Expenditure	25,961 354 ~2200	131,881 1,798 ~t:0	157.842 2.152 ~4400
Balance at 31stDecember 2020	26 295	133659	159954
Figures forprevious yearfor comparison	2019 f	2019	2019 f
	Hayes Lane	Downe	Total
	Legacy	Legacy
Balance at 1st January 2019	25,592	129,887	155,479
Income Expenditure	399 ~3300	2,024 ~3300	2,423 ~6600
Balance at 31stDecember 2019	25 961	131 881	157842

	The restricted funds arose from legacies received t of the directors ofthe company.	o be applied for the benefi	t ofspecific	churches at the	discretion
10	NET ASSETS	Unrestricted	Restricted	2020	2019
				Total	Total
	Curre»t year	f	f	f	f
	Investments	1,291,603		1,291,603	1,216,805
	Net Current liabilities Long term liabilities	(243,314) ~726 772	159,954	(83,360) 726 772	(817,641)
		321 517	159954	481 471	399 164
				2019	2018
		Unrestricted	Restricted	Total	Total
	Figures forprevious yearfor comparison	f	f
	Investments	1,216,805		1,216,805	256,022
	Net Current liabilities Iassets	(975,483)	157,842	(817,641)	155,479
	Long term liabilities
		241322	157842	399164	411501

The	company's	auditors	2020 f	2019 f
Fee	for audit of	accounts	3,840	3,066
Fee	for other services		66	160
			3 906	3 226

manses for	which no reliable c	ost information is available) at 31stD	ecember 2020 was:
			f
Investments	under management		472,407
Investment	property		624,999
Properties	used for charitable	purposes	1,444,773
Other net assets			737,053
Loans			~362 122
			2 917 110