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2020-12-31-accounts

Charity registration number: 1173584

Christ Church Endcliffe CIO

REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 December 2020

Christ Church Endcliffe CIO

Contents

Page
Legal and administrative information 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9 – 20

Christ Church Endcliffe CIO

Legal and administrative information For the year ended 31 December 2019

Trustees

Chairman

Rev Edward Pennington Chairman Rev Robert Bridgewater Rev Benjamin Tanner Mr Jonathan Bradley Dr Lucy Hinds (until 23 November 2020) Mr Philip Turner Treasurer Mr Andrew White (until 15 July 2020) Mrs Lucy Morley (until 15 July 2020) Mrs Catherine Wiffen Mrs Jo Smith Mrs Anna Evans Mr Daniel Timms Secretary Mr Samuel Salter Mrs Rachel Turner (from 15 July 2020) Dr Helen Sims-Williams (from 15 July 2020) Mrs Alice Wright (from 15 July 2020) Mr Benjamin Christmas (from 15 July 2020)

Principal address

4 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

Independent Examiner

Susan Cochrane, FCA On behalf of: VAS Community Accountancy The Circle 33 Rockingham Lane Sheffield S1 4FW

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

1

Christ Church Endcliffe CIO

Trustees’ report

For the year ended 31 December 2020

The Trustees of the charity have pleasure in submitting their report and the financial statements for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s Constitution and applicable law.

Structure, governance and management

Christ Church Endcliffe CIO was registered with the Charity Commission on 27 June 2017 with charity number 1173584. It is a Charitable Incorporated Organisation and is governed by its Constitution.

Members of Christ Church Endcliffe CIO vote at the Annual Church Meeting to appoint new Trustees.

At every annual general meeting of the members of the CIO one-third of the elected charity Trustees shall retire from office. All Trustees are required to assent annually to the church’s statement of belief. The responsibility for the overall strategy, policy, finance and appointments of the charity rest with the Trustees, who meet regularly to monitor the activities of the charity

Those who attend the church services on a regular basis may sign an application for membership of Christ Church Endcliffe CIO, allowing members to vote at the ACM. There were 106 (2019: 102) members on the Membership List at the date of the ACM.

History

Christ Church Endcliffe was a church plant from Christ Church Fulwood (charity number 1134057) in 2009 which continued to be legally and financially part of Christ Church Fulwood until 31 December 2017. Endcliffe established a new legal entity ‘Christ Church Endcliffe CIO’, charity number 1173584, on 27 June 2017, which was granted a Bishops’ Mission Order on 1 July 2017

Objects

The objects of the charity are the advancement of the Christian faith for the benefit of the public especially within the city of Sheffield and in such parts of the United Kingdom, or the world, as the Trustees of the charity may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and connected with the charitable work of the charity.

We have clear convictions based on the truths revealed by God in the Bible, but those attending on a Sunday do not necessarily have to be convinced Christians. We also run courses specifically designed for those wanting to find out more about the Christian faith.

We love to welcome visitors who are exploring the Christian faith. Various events take place to make it as easy as possible for the church family to bring friends to hear about the gospel of Jesus Christ.

Three basic characteristics describe us:

We are a Christian Church

We believe in one God who has revealed himself supremely through his Son, Jesus Christ. It is only through faith in Jesus, trusting his death on the cross for our sins and his new resurrection life that we can come to know God and become part of his kingdom.

We are an Evangelical Church

We believe that the Bible is God’s authoritative word and is therefore the definitive guide for us in all matters of faith and conduct. Furthermore, we believe that the Spirit of God achieves the work of God through the word of God, and so the study and exposition of the Bible will be the means by which God will transform the lives of individuals and the church body as a whole

2

Christ Church Endcliffe CIO

Trustees’ report - continued For the year ended 31 December 2020

We are an Anglican Church

We are part of the Church of England, and hold to the great truths that were rediscovered at the time of the Reformation, including the sovereignty of God in salvation, justification by faith alone and salvation in Christ alone. However, we have church members from many different denominational backgrounds and we unite under Christ, not under one particular denominational banner.

We meet our objects by setting our vision in four main ways:

This is our broad vision, and remains constant from year to year.

Everything we do has the ultimate aim of trying to glorify God in our lives.

Public Benefit Statement

The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

Review of Activities

The church is led by Rev Ed Pennington and is ably supported by Rev Rob Bridgewater, who joined the staff team, as Associate Minister, from St John’s Chapeltown, Sheffield at the beginning of May 2018. The Rev Ben Tanner joined the staff team as curate in July 2019. Sarah Bradley is Youth and Children’s worker and Anna Fantham is administrator, both these positions are part-time.

The church runs a Ministry Trainee programme, normally comprising of two trainees. As well as receiving formal bible training, the trainees gain on-the-job experience by helping in the running of church ministry events and activities.

The focus of church activity remains the sharing of the Christian Gospel message to those who haven’t heard it and the growing to maturity in faith of existing believers.

The church seeks to reach out to the local community and beyond. Sunday services are open to all and take place every Sunday at 4pm at St Augustine’s Church on Brocco Bank. However, due to the Covid 19 pandemic, the Church had to close its doors to public services and make a number of key adaptations. The 4pm service was moved very quickly online to YouTube and has continued throughout the pandemic. As restrictions allowed a new service at 7.15pm was started particularly for new members. Numbers were restricted so a booking system was introduced and social distancing applied during the services. When the third lockdown was announced this service was moved onto Zoom.

Sunday services remains the main focus of regular activity, together with a monthly church family prayer meeting, and our small groups which are the building blocks for church family life these have been able to continue meeting most weeks for bible study, prayer fellowship and outreach using Zoom. While it has been good to meet in this way and to be able to reach so many more people through the convenience of online streaming, it does not compare, and will never replace, the joy of being physically together and sharing fellowship as God intended.

3

Christ Church Endcliffe CIO

Trustees’ report - continued For the year ended 31 December 2020

We regularly hold events such as:

Where possible these were moved online. New events including The Christmas Experience and The Advent Walk have been introduced with much appreciation from church family and local community.

Safeguarding

The Trustees are responsible for implementing and overseeing the policies and procedures regarding the safeguarding of Children and Vulnerable Adults at Christ Church Endcliffe. All volunteers helping with these groups have therefore been cleared by the Disclosure and Barring Service and have, as far as possible, undergone relevant training.

The Endcliffe Church Council and staff deal with and consider a variety of areas of risk to which the church may be exposed. Such areas include health and safety issues, Disability Discrimination Act issues, employment law issues, financial controls and insurance. Where it is felt appropriate, action has been taken to mitigate risk.

Partnerships

We have partnered with CAP (Christians Against Poverty) to be able to run their Life Skills course. It is a course designed to help members gain confidence and decision making skills to survive life on low income, and offers opportunity to hear the Gospel message.

The Church Council will continue to work with local like-minded Anglican churches to strengthen the ReNew South Yorkshire network, and especially to encourage those churches to stand together on the authority of the Bible amidst pressures from the wider church to conform to cultural changes.

Future Plans

Our Vision and Partnership Sundays each year help us to be the church God wants us to be. We remember who we are in Christ and what our priorities should be as his people and help us refocus what we are doing as individuals and as a church family.

Each year we have a particular focus to help us towards this vision. In 2021, we want to take the opportunity that Covid restrictions, and God willing their slow lifting, provide to have a “Reset” Throughout the year our main focus will be on Prayer, starting with a sermon series on the Lord’s Prayer, but as we begin thinking about what a year of reset might involve, there is much to consider:-

What should the church consider essential and be devoted to.

Why and how should we be giving toward gospel ministry as we reassess our finances and our giving

These areas of focus are a way of keeping us on the right track as a church, and setting our direction as we journey together in following Christ.

4

Christ Church Endcliffe CIO Trust* report- continued For the year ended 31 December 2020 rinan¢lal Review Total income on unrestricted ￿ndS was £233.22512019= £230.9021 and details can be found in the financial Statements. £18.57112019= £30.523} was weived for restricted funds of which £1,35012019.. £30.3431 was dirertly allocated to the Property Fund as detailed in the financial statements. Unrestrirted expenditure of £178.252 12019.. £190,579) was Spent on provbding ministry, including the contrlbution to the diocese which largely pwdesthe 5tFpendsfor the clergy. The result for the year was net income of £39,18712019: £42.8801 and adding funds brought forward at the beginning of the year. the balances reserves carried forward at 31 December 2020 w35 £251,49612019.. £212.3091. Of these £20.54112019.. £9.1931 are rÈstricted fund5 and £135.90112019- £117.27613re funds designated to particular purposes as set OLrt in note 14 of the financial statements. A5 at 31 December 2020 the Cha¥¥ty is in a strong financial posibon. Reserves Policy The Tru5tee5 have a policy of holding reserves tothe value of 3 months opetatin8 costs ￿u5 £15,000 due to the relian￿ of the charity on uncertain donations. The policy therefore require5 the charity to hold £59.563 of reserves. which is sufficiently covered by the actual posibon. Free reser¥es of the charity total £88,537 Ibeing general reseryes less fixed as5etsl12019.. £81.21M)I. The TTu5tees have prepared these financial statements on a going contem basis. hawng made due assessment to thÈ resources available and reviewed cashflow forecasts for the foreseeable future. Coronaviru5 impart At the time of approwal of the annual ￿port and financial statements the UK Go¥emment has published a road map for coming out of lockdown. social distancin8 and self-i50IatTrtin. Throughout the pandemic. giving has remained reasonablystatic. whilst expenditure has been reduod. leavingtheTrust in a strongfinancial position. This report was approved by the Board of Tru5tee5 on 2021 and signed on tES behalf bv.. E Pennington Chairman

Independent Examiner’s report to the Trustees of Christ Church Endcliffe CIO

I report to the charity Trustees on my examination of the accounts of the Christ Church Endcliffe CIO (“the CIO”) for the year ended 31 December 2020

Responsibilities and basis of report

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

I report in respect of my examination of your charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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 accounts do not accord with those records; or

  3. the accounts 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.

Disclaimer

The trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the charity’s ability to continue as a going concern. For example, it is difficult to evaluate all of the potential implications of the current COVID-19 outbreak on the charity’s activities, income, employees, suppliers and the wider economy.

Signed: Susan Cochrane, FCA

On behalf of: VAS Community Accountancy The Circle 33 Rockingham Lane Sheffield S1 4FW

Date: 29 March 2021

6

Christ Church Endcliffe CIO Statement of financial activities For the year ended 31 December 2020

Note
Income from
Donations and legacies
2
Charitable activities
3
Investments
4
Total Income
Expenditure on
Charitable activities
5
Mission support
7
Total Expenditure
Net income/(expenditure) before transfers
Transfers between funds
17
Net movement in funds after transfers
Balance brought forward
Funds carried forwards at 31 December 2020		 General
Fund
£
231,356
1,806
63		 Designated
Funds
£
-
1,945
-		 Restricted
Funds
£
18,571
-
-		 Total
2020
£
249,927
3,751
63
253,741
182,125
32,429
214,554
39,187
-
39,187
212,309
251,496		 Total
2019
£
253,679
7,592
154
233,225 1,945 18,571 261,425
178,252
-		 -
29,079		 3,873
3,350		 191,009
27,536
178,252 29,079 7,223 218,545
54,973
(47,259)		 (27,134)
47,259		 11,348
-		 42,880
-
7,714
85,840		 20,125
117,276		 11,348
9,193		 42,880
169,429
93,554 137,401 20,541 212,309

7

Chrlst Church Endditle CIO Balance sheet A5 at 31 December 2020 2020 2019 Fixed assets Tangible assets 471.194 469,317 Current assets Debtors Cash at bank and in hand Short teim deposits li 25,011 55.901 76,308 157.220 15,660 32,397 76.247 124,304 Creditors: amounts falling due ¥Athln one year 143.9781 129,4411 Net current assets 113.242 94,863 Total a55ets less current liabllltt￿S 584.436 564,180 Credltors: amounts falllng due after oneyear 332.940 351,871 Net assets 251,496 212,309 Funds General Designated Total Unrestrirted Re5tritted Total Charlty Funds 93.554 137,401 230.955 20,541 251.496 85.840 117,276 203,116 9,193 212.309 14 15 16 The financi31 statements were approved by the Board of Trustees on board by.. 2021 and slgned on behalf of the E Pennington Chairman P R Turner T￿aSurer

Christ Church Endcliffe CIO Notes to the financial statements For the year ended 31 December 2020

1 Accounting Policies

(a) General

The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice and taken advantage of the exemption not to prepare a Statement of Cashflows.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements are presented in sterling which is the functional currency of the charity.

(b) Revenue recognition

Income is recognised when the organisation has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income received in advance of an event is deferred until that event takes place.

(c) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

(d) Grants to mission partners

The church supports mission partners in the UK and around the world. Where a particular mission partner 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 these accounts as a liability.

Whilst the support has no final end date, the Trustees assesses mission partner funding on an annual basis and is confident that the mission partners would not view their support as an open ended obligation on the part of the Church. The annual commitment only is accounted for in these financial statements.

(e) Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

9

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2020

1 Accounting Policies - continued

(f) Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

(g) Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

(h) Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

(i) Funds

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.

Restricted Funds are those funds which the trustees must apply to the specific purposes created either by donors’ request or legal obligation. These funds are therefore not available for application by the trustees for general purposes.

(j) Pensions

Retirement benefits to employees of the charity are provided under contributions to the church's stakeholder pension scheme.

The charity opened an auto enrolment compliant stakeholder pension scheme with the People’s Pension to which all contributions to employees’ retirement benefits are paid in to.

All contributions to pension plans are charged to the Statement of financial activities in line with recognition of earnings and in accordance with the rules of the scheme.

10

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2020

1 Accounting Policies - continued

(k) Leases

Rental payable and receivable under operation leases are charged to the SOFA on a straight line basis over the period of the lease.

(l) Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2 Income from Donations and legacies

Regular giving
Gift Aid donations
Tax recoverable
Non Gift Aid donations
Subtotal
Collections
Gift Aid donations (small donation scheme)
Tax recoverable
Non Gift Aid donations
Subtotal
One-off donations and bequests
Gift Aid donations
Tax recoverable
Non Gift Aid donations
Subtotal		 General
Fund
£
167,681
42,148
19,640		 Designated
Funds
£
-
-
-		 Restricted
Funds
£
900
225
2,070		 Total
2020
£
168,581
42,373
21,710
232,664
10
2
-
12
10,901
2,725
3,625
17,251
249,927		 Total
2019
£
147,798
36,950
12,959
229,469
10
2		 -
-
-
-		 3,195
-
-
-		 197,707
22
5
27
12
-
-
1,875		 -
-
-
-		 -
10,901
2,725
1,750		 54
33,100
8,275
14,543
1,875 - 15,376 55,918
231,356 - 18,571 253,679

Regular giving represents amounts received by standing order. Collections represents amounts received from Sunday collections. One-off donations and bequests represents all other gifts received. £231,356 (2019: £223,156) was received into General Funds, £Nil (2019: £Nil) was received into Designated funds and £18,571 (2019: £30,523) was received into Restricted Funds.

11

Christ Church Endcliffe CIO

Notes to the financial statements - continued

For the year ended 31 December 2020

3 Income from Charitable activities

Parish ministry (including fees)
Children, Youth and Students
Catering
Other events and Church Weekend Away		 General
Fund
£
-
286
935
585		 Designated
Funds
£
-
-
1,945
-		 Restricted
Funds
£
-
-
-
-		 Total
2020
£
-
286
2,880
585
3,751		 Total
2019
£
20
4,828
120
2,624
1,806 1,945 - 7,592

All income from charitable activities in 2020 and 2019 were received into General Funds. The Trustees have agreed that all catering income received since the beginning of the Covid 19 pandemic (April 2020) should be transferred to the designated fund and be paid to the Sheffield Food Bank Network

4 Income from Investments

Income from Investments
**General ** Designated Restricted Total Total
Fund Funds Funds 2020 2019
£ £ £ £ £
Bank interest 63 - - 63 154

All bank interest in 2020 and 2019 were received into General Funds.

5 Expenditure on charitable activities

Note
Endcliffe ministry
Children, Youth and Students
Administrative salaries
Other administrative costs
Property and facilities
Other events and Church Weekend Away
Depreciation less profit on disposal of assets
Support costs
6		 General
Fund
£
98,868
1,010
38,678
18,002
12,964
4,121
3,274
1,335		 Designated
Funds
£
-
-
-
-
-
-
-
-		 Restricted
Funds
£
500
100
3,033
240
-
-
-
-		 Total
2020
£
99,368
1,110
41,711
18,242
12,964
4,121
3,274
1,335
182,125		 Total
2019
£
110,264
2,337
38,723
21,072
12,180
3,180
2,278
975
178,252 - 3,873 191,009

All expenditure on charitable activites were from General Funds in 2020 and 2019.

6 Support costs

Independent examiner's fees
Legal and Professional fees		 General
Fund
£
1,335
-		 Designated
Funds
£
-
-		 Restricted
Funds
£
-
-		 Total
2020
£
1,335
-
1,335		 Total
2019
£
975
-
1,335 - - 975

Other fees paid to the independent examiner's organisation total £180 (2019: £180).

12

Christ Church Endcliffe CIO

Notes to the financial statements - continued

For the year ended 31 December 2020

7 Mission support

Mission support
Grants for mission partners:
Mission allocation
Designated gifts		 General
Fund
£
-
-		 Designated
Funds
£
29,079
-		 Restricted
Funds
£
-
3,350		 Total
2020
£
29,079
3,350
32,429		 Total
2019
£
27,536
-
- 29,079 3,350 27,536

All grants for mission partners were from Designated funds in 2020 and 2019. Grants for mission partners were awarded to the following organisations:

2020
£
UFM Worldwide
13,000
Friends International
1,233
EMI UK Ltd
-
Compassion
327
FPCC
-
Book Allowance
100
SIM
2,000
Friends of Mandritsara Trust
1,000
Crosslinks
350
Uganda Martyrs Seminary Fund
1,000
Open Doors
2,000
UCCF
1,250
Sheffield University CU
-
Sheffield Hallam CU
250
ReNew
1,000
ReNew - Kendry
-
Food Bank
1,742
Oak Hill College Fund
1,000
Christians Against Poverty
1,720
Sheffield Diocesan Board of Finance
1,107
29,079
8
Staff costs, Trustees' remuneration and expenses, and the cost of key management personnel
Total
2020
£
Wages and Salaries
37,989
Pension costs
3,722
41,711		 2019
£
16,554
2,000
2,400
300
667
100
-
-
500
-
1,000
1,000
265
265
-
(55)
50
700
720
1,070
27,536
Total
2019
£
35,606
3,118
38,724

No employee earned £60,000 or more in the current or preceding period.

The average number of employees during the year was 3 (2019: 3). This does not include the 2 ministers for whom a common fund contribution was made to the Diocese of Sheffield - see below.

13

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2020

8 Staff costs, Trustees' remuneration and expenses, and the cost of key management personnel (continued)

Trustees were not paid and did not receive any other benefits in their capacity as trustees in the year (2018: £nil) neither were they reimbursed out of pocket expenses in their capacity during the year (2018: £nil) (with the exception of the ministers, see below).

The key management personnel of the charity comprise the Trustees, which include the 2 ministers. Minister costs are shown below:

Common fund contribution
Housing costs
Expenses		 Total
2020
£
74,697
17,052
1,424
93,173		 Total
2019
£
74,768
27,770
2,642
105,180

These payments are made in accordance with clause 6.2(g) of the CIO constitution, which has been agreed by the Charity Commission.

The following employees were employed by the Charity whilst being Trustees or were spouses of Trustees during the year:

during the year:
Pension
Salary Expenses contributions
Employee Position £ £ £
S Bradley Wife of Trustee 18,209 693 2,549

9 Related party transactions

Trustees (and families) donated £53,390 (2019: £63,300) before gift aid without conditions, which are included within the unrestricted total of note 1. (Where a Trustee has only served for part of the year, donations are included for the corresponding period).

In addition to the disclosure in note 8 regarding remuneration of key management personnel and their close family, the following Trustees, or the Trustee's close family received amounts during the year for services provided or as grants:

14

Christ Church Endcliffe CIO

Notes to the financial statements - continued For the year ended 31 December 2020

10 Tangible fixed assets
Cost or valuation
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value at 31 December 2020
Net book value at 31 December 2019
11 Debtors
Prepayments
Income tax recoverable
Other debtors
12 Creditors: amounts falling due within one year
Trade Creditors
Mortgage
Other Loans
Other Creditors
Accruals		 Property
£
464,677
-		 Equipment
£
12,547
3,118		 Computers
£
788
2,033
2,821
333
801
1,134
1,687
455
2020
£
19,515
3,854
1,642
25,011
2020
£
2,125
9,735
9,000
495
22,623
43,978		 Total
£
478,012
5,151
464,677 15,665 483,163
-
-		 8,362
2,473		 8,695
3,274
- 10,835 11,969
464,677 4,830 471,194
464,677 4,185 469,317
2019
£
9859
3725
2076
15,660
2019
£
5,374
9,143
9,000
288
5,636
29,441

Included within Other loans is a secured loan of £9,000 that has a charge registered on the Bannerdale Road property.

15

Christ Church Endcliffe CIO

Notes to the financial statements - continued For the year ended 31 December 2020

13 Creditors; amounts falling due after one year

Mortgage
Other Loans
Financial instruments
Loans due in one year or less
Loans due in more than one year but not more than five years
Loans due in more than five years		 2020
£
84,690
248,250
332,940
2020
£
18,735
88,151
244,789
351,675		 2019
£
94,621
257,250
351,871
2019
£
18,143
88,340
263,531
370,014

A mortgage of £107,500, which is secured on the Bannerdale Road property and has a variable interest rate, was taken out on 22 July 2019 at the point that the building was purchased. Included within Other loans is a secured loan of £212,250 that has a charge registered on the Bannerdale Road property.

14 Designated Funds

Mission Partners
The Quinquennial fund
Property fund
Growth Fund		 Brought
forward
£
17,613
5,000
94,663
-		 Income Expenditure
£
£
1,945
(29,079)
-
-
-
-
-
-
1,945
(29,079)		 Income Expenditure
£
£
1,945
(29,079)
-
-
-
-
-
-
1,945
(29,079)		 Transfers
£
27,420
-
18,339
1,500
47,259		 Carried
forward
£
17,899
5,000
113,002
1,500
117,276 1,945 (29,079) 137,401

Mission partners - The Trustees have agreed to set aside 12.5% of the donations received during the year for World Mission outside Christ Church Endcliffe. This resulted in a transfer in of £27,895 from general funds in The Quinquennial fund - The Trustees have agreed to set aside £5,000 to meet potential repair costs in future years for the church building it occupies on a shared basis.

Property fund - The property fund represents the net book value of the property and the associated mortgage/ loans due.

Growth Fund - The Trustees have agreed to set aside money for growth of the church through investment in loc ministry, church planting and Partnership projects.

Prior year

Mission Partners
The Quinquennial fund
Property fund		 Brought
forward
£
17,204
5,000
-		 Income Expenditure
£
£
-
(27,486)
-
-
-
-
0
(27,486)		 Income Expenditure
£
£
-
(27,486)
-
-
-
-
0
(27,486)		 Transfers
£
27,895
-
94,663
122,558		 Carried
forward
£
17,613
5,000
94,663
22,204 0 (27,486) 117,276

16

Christ Church Endcliffe CIO

Notes to the financial statements - continued For the year ended 31 December 2020

15 Restricted Funds

The Hollowford Trust
Mission Partners
Ministry
Property
Ministry Trainees
Sheffield Diocesan Borad of Finance
Relief Fund		 Brought
forward
£
-
100
-
9,093
-
-
-		 Income Expenditure
£
£
100
(100)
600
(650)
120
-
1,350
-
10,001
(3,273)
500
(500)
5,900
(2,700)
18,571
(7,223)		 Income Expenditure
£
£
100
(100)
600
(650)
120
-
1,350
-
10,001
(3,273)
500
(500)
5,900
(2,700)
18,571
(7,223)		 Transfers
£
-
-
-
-
-
-
-
-		 Carried
forward
£
-
50
120
10,443
6,728
-
3,200
9,193 18,571 (7,223) 20,541

The Hollowford Trus t - a grant received to help with Covid 19 costs for young people's ministry Mission Partners - monies received for Missionary Giving (Food Bank) Ministry - monies received to support the Women's Ministry.

Property - this fund represents gifts and monthly contributions received after the property was purchased. The intention is for this money to be used as a lump sum against the mortgage at a time when there are no penalties for repayments, or to repay the shorter term loans when they fall due.

Ministry Trainees - Monies received to support the financial costs of our ministry trainees

Sheffield Diocese - a grant for the purchase of streaming equipment

Relief Fund - monies donated by the church family to assist help those struggling financially as a consequence o Covid 19

Prior year

The Hollowford Trust
Mission Partners
Ministry
Property		 Brought
Carried
forward
Income Expenditure
Transfers
forward
£
£
£
£
£
400
-
(400)
-
-
-
150
(50)
-
100
-
30
(30)
-
-
-
30,343
-
(21,250)
9,093
400
30,523
(480)
(21,250)
9,193

16 Analysis of net assets by Fund

Fixed assets
Current assets
Creditors: amounts falling due within one year
Creditors: Amounts falling due after more than one year		 Unrestricted Funds
General Designated
Fund
Funds
£
£
6,517
464,677
112,280
24,399
(25,243)
(18,735)
-
(332,940)
93,554
137,401		 Unrestricted Funds
General Designated
Fund
Funds
£
£
6,517
464,677
112,280
24,399
(25,243)
(18,735)
-
(332,940)
93,554
137,401		 Restricted
Funds
£
-
20,541
-
-
20,541		 Total
2019
£
471,194
157,220
(43,978)
(332,940)
93,554 137,401 251,496

17

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2020

16 Analysis of net assets by Fund (cont)

Prior year
Fixed assets
Current assets
Creditors: amounts falling after more than one year
Creditors: amounts falling due within one year		 Unrestricted Funds
General Designated
Fund
Funds
£
£
4,640
464,677
92,498
22,613
(11,298)
(18,143)
(351,871)
85,840
117,276		 Unrestricted Funds
General Designated
Fund
Funds
£
£
4,640
464,677
92,498
22,613
(11,298)
(18,143)
(351,871)
85,840
117,276		 Restricted
Funds
£
-
9,193
-
9,193		 Total
2019
£
469,317
124,304
(29,441)
(351,871)
85,840 117,276 212,309

17 Transfers between funds

Transfers between funds
Property
Property purchase
Loans
Mortgage repayments
Loan repayments
Mission Partners
Mission allocation
Growth Fund
Prior Year
Property
Property purchase
Loans
Mortgage repayments
Loan repayments
Mission Partners
Mission allocation		 Unrestricted Funds
General Designated
Fund
Funds
(9,339)
9,339
(9,000)
9,000
(18,339)
18,339
(27,420)
27,420
(1,500)
1,500
(47,259)
47,259
(443,427)
464,677
377,500
(377,500)
(3,736)
3,736
(3,750)
3,750
(73,413)
94,663
(27,895)
27,895
(101,308)
122,558		 Restricted
Funds
-
-
-
(18,339)
(27,420)
(1,500)		 -
-
(47,259) -
(443,427)
377,500
(3,736)
(3,750)		 (21,250)
-
-
-
(73,413)
(27,895)		 (21,250)
-
(101,308) (21,250)

18

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2020

18 Pension contributions

Contributions to personal pension plans are charged to the Statement of financial activities as they become payable. Contributions paid by the charity during the year were £3,722 (2019: £3118).

19 Operating Lease commitments

During the year the charity entered into non-cancellable operating leases for land and buildings occupied by the charity. Lease payments on this property are as follows:

the charity. Lease payments on this property are as follows:
Payable within one year
Payable in one to two years		 £
8,000
2,667
10,667

19

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2020

20 Statement of Financial Activites - comparatives

Income from
Donations and legacies
Charitable activities
Investments
Total Income
Expenditure on
Charitable activities
Mission support
Total Expenditure
Net income/(expenditure) before transfers
Transfers between funds
Net movement in funds after transfers
Total funds brought forward at 1 January 2019
Total funds carried forward at 31 December 2019		 General
Fund
£
231,356
1,806
63		 Designated
Funds
£
-
1,945
-		 Restricted
Funds
£
18,571
-
-		 Total
2020
£
249,927
3,751
63		 General
Fund
£
223,156
7,592
154		 Designated
Funds
£
-
-
-
-
-
27,486
27,486
(27,486)
122,558
95,072
22,204
117,276		 Restricted
Funds
£
30,523
-
-		 Total
2019
£
253,679
7,592
154
233,225 1,945 18,571 253,741 230,902 30,523 261,425
178,252
-		 -
29,079		 3,873
3,350		 182,125
32,429		 190,579
-		 430
50		 191,009
27,536
178,252 29,079 7,223 214,554 190,579 480 218,545
54,973
(47,259)		 (27,134)
47,259		 11,348 39,187 40,323
(101,308)		 30,043
(21,250)		 42,880
-
7,714
85,840		 20,125
117,276		 11,348
9,193		 39,187
212,309		 (60,985)
146,825		 8,793
400		 42,880
169,429
93,554 137,401 20,541 251,496 85,840 9,193 212,309

20