## ## ## ## |||||Page| |---|---|---|---|---| |Trustees'
annual
report (incorporating
the||director's|report)|| |Independent
examiner's
report|to the trustees|||| |Statement
offinancial
activities|(including|income and||| |expenditure
account)||||| |Statement
offinancial
position||||| |Notes to the financial statements||||| |The following
pages do not form part ofthe financial statements||||| |Detailed statement
offinancial|activities|||| |Notes to the detailed statement|offinancial|activities||21| ## ## ## |The compa|The compa|ny was incorporated|ny was incorporated|ny was incorporated|on 14July 201|7.||| |---|---|---|---|---|---|---|---|---| |Reference||and administrative|||details|||| |Registered||charity|name||The Foundry|Church||| |Charity registration|||number||1174210|||| |Company||registration||number|10866897|||| |Principal|office and||registered||63 Lugsdale|Road||| |office|||||Widnes|||| ||||||Cheshire|||| ||||||WA8 6DA|||| ||||||United
Kingdom|||| |The trustees||||||||| ||||||Mr A Hewitt|||| ||||||Mr P Holland|||| ||||||Mrs D Daniels|||| ||||||MrSGreenow|||| ||||||Mr S Smith|||| ||||||Mr N Calland|||| ||||||Mr SAdepetun|||| ||||||Mr D Lowe|||| ||||||Mr KAckah
Mrs 0 Oladimeji||(Appointed
(Appointed|20 January 2020)
11 May 2020)| ||||||Mrs
I Oluwabamise||(Appointed|20 October 2020)| |Company|secretary||||Diane Daniels|||| |Independent||examiner|||Mr
I Jennions|BA (Hons) FFA FIPA FFTA||| ||||||18Mulberry
Avenue|||| ||||||Turnstone
Business Park|||| ||||||Widnes|||| ||||||Cheshire|||| ||||||WA8 OWN|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year ended 31 Dece|mbe|r 20|20||||| |---|---|---|---|---|---|---|---| ||||||2020||2019| |||||Unrestricted|Restricted||| |||||funds|funds|Total funds|Total funds| ||||Note|6|5|6|f| |Income and endowments|||||||| |Donations
and legacies|||5|198,444|11,134|209,578|167,765| |Other trading
activities|||6|6,839||6,839|28,035| |Investment
income|||7|8||8|| |Other income|||8|982||982|72,809| |Total income||||206,273|11,134|217,407|268,609| |Expenditure|||||||| |Expenditure
on raising funds:|||||||| |Costs of raising donations||and|||||| |legacies|||9|813||813|23,304| |Expenditure
on charitable|activities||10,11|190,024|7,484|197,508|286,229| |Total expenditure||||190,837|7,484|198,321|309,533| |Net income/(expenditure)|and|net|||||| |movement
in funds||||15,436|3,650|19,086|(40,924)| |Reconciliation
offunds|||||||| |Total funds brought
forward||||693,812||693,812|734,736| |Total funds carried forward||||709,248|3,650|712,898|693,812| ## ## ||||||2020|2019| |---|---|---|---|---|---|---| |||||Note|6|6| |Fixed assets||||||| |Tangible fixed assets||||16|656,923|659,210| |Current assets||||||| |Debtors||||17|2,740|5,833| |Cash at bank and|in|hand|||59,253|35,329| ||||||61,993|41,162| |Creditors: amounts||falling|due within one year|18|6,018|6,560| |Net current assets|||||55,975|34,602| |Total assets less|current||liabilities||712,898|693,812| |Net assets|||||712,898|693,812| |Funds ofthe charity||||||| |Restricted
funds|||||3,650|| |Unrestricted
funds|||||709,248|693,812| |Total charity funds||||21|712,898|693,812| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |value, over the useful econ|value, over the useful econ|omic
life ofthat asset as|follows:| |---|---|---|---| |Fixtures and fittings||25% reducing|balance| |Equipment||25% reducing|balance| |Freehold|Property|0%|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total Funds| |---|---|---|---|---|---| ||||Funds|Funds|2020| |||||6|F| |Donations|||||| |General|Fund Offerings||159,578|11,134|170,712| |Income|from|PRC|3,850||3,850| |Gifts|||||| |Gifts and Gift Aid Income|||23,037||23,037| |Grants|||||| |Government||grant income|11,979||11,979| ||||198,444|11,134|209,578| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2019| ||||||F| |Donations|||||| |General|Fund Offerings||141,487||141,487| |Income from||PRC|4,550||4,550| |Gifts|||||| |GIRs and Gift||Aid Income|21,728||21,728| |Grants|||||| |Government||grant income|||| ||||167,765||167,765| ## |||Unrestricted|Total Funds|Unrestricted|Total Funds| |---|---|---|---|---|---| |||Funds
f|2020
6|Funds
f|2019| |Events & Facilities Income||6,839|6,839|21,245|21,245| |Foundry Shop||||6,790|6,790| |||6,839|6,839|28,035|28,035| |Investment|income||||| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds
f|2020
f|Funds|2019| |Bank interest|receivable|8|8||| ## ## ## ## ## ## |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |---|---|---|---|---|---|---|---| |||||Funds
f.|2020
f|Funds|2019| |Tuck Shop||||731|731|3,558|3,558| |Fee Income||||251|251|69,251|69,251| |||||982|982|72,809|72,809| |Costs of raising donations||||and legacies|||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds
f|2020
f|Funds|2019
f| |Wages and|salaries|||||10,370|10,370| |Repairs and|maintenance|||352|352|2,026|2,026| |Other motor/travel||costs||||40|40| |Legal and professional|||fees|||27|27| |Other office|costs|||||28|28| |Gifts||||||990|990| |Catering||||388|388|1,940|1,940| |Supplies||||73|73|376|376| |Wages and|salaries|||||3,631|3,631| |Repairs and|maintenance|||||71|71| |Insurance||||||169|169| |Legal and professional|||fees|||1,425|1,425| |Gifts||||||70|70| |Rent, rates,|light &|heat||||2,066|2,066| |Catering||||||38|38| |Supplies||||||37|37| |||||813|813|23,304|23,304| ## ## |||Unrestricted|Restricted|Total Funds| |---|---|---|---|---| |||Funds
F|Funds
f|2020
f.| |Direct charitable|activities|186,699|7,484|194,183| |Support costs||3,325||3,325| |||190,024|7,484|197,508| |||Unrestricted|Restricted|Total Funde| |||Funds|Funds|2019| |||F||f.| |Direct charitable|activities|284,021||284,021| |Support costs||2,208||2,208| |||286,229||286,229| ## ## ## ## ## |Expenditure|on|charitable
activ|ities
by activity type|||| |---|---|---|---|---|---|---| ||||Activities|||| ||||undertaken|Support|Total funds|Total fund| ||||directly
6|costs
f|2020
f|2019
f| |Direct charitable||activities|194,183||194,183|284,021| |Governance|costs|||3,325|3,325|2,208| ||||194,183|3,325|197,508|286,229| ## |12.|Net income/(expenditure|Net income/(expenditure|)|||||| |---|---|---|---|---|---|---|---|---| ||Net income/(expenditure)|||is stated after||charging/(crediting):||| ||||||||2020
f|2019
6| ||Depreciation|oftangible|fixed assets||||2,287|3,049| |13.|Independent|examination||fees||||| ||||||||2020
f|2019| ||Fees payable|to the independent|||examiner for:|||| ||Independent|examination||ofthe|financial|statements|2,208|2,208| ## |Staff costs|Staff costs|||||||| |---|---|---|---|---|---|---|---|---| |The total staff costs and||employee||benefits for||the reporting
period are|analysed
as follows:|| ||||||||2020
f|2019| |Wages and salaries|||||||123,330|147,866| |Employer contributions||to pension||plans|||2,240|2,039| ||||||||125,570|149,905| |The average
head|count of employees||||during|the year was 6 (2019 9).The average||number
of| |full-time
equivalent|employees||dunng||the year|is analysed as follows:||| ||||||||2020|2019| ||||||||No.|No.| |Number ofstaff|||||||6|9| ## ## ## ## ## ## ## |Tangible fix|ed asse|ts||||| |---|---|---|---|---|---|---| ||||Freehold|Fixtures and||| ||||property
f|fittings
f|Equipmentf|Total
f.| |Cost||||||| |At 1January|2020 and|||||| |31December 2020|||650,062|4,453|11,809|666,324| |Depreciation||||||| |At 1 January|2020|||1,948|5,166|7,114| |Charge for the year||||626|1,661|2,287| |At 31 December 2020||||2,574|6,827|9,401| |Carrying
amount||||||| |At 31 December 2020|||650,062|1,879|4,982|656,923| |At 31 December 2019|||650,062|2,505|6,643|659,210| |Debtors||||||| ||||||2020|2019| ||||||F|F| |Trade debtors|||||1,040|3,438| |Prepayments|and accrued income|||||1,023| |Other debtors|||||1,700|1,372| ||||||2,740|5,833| |Creditors: amounts||falling due within one year||||| ||||||2020|2019
f| |Accruals and deferred||income|||3,469|3,426| |Social security|and other taxes||||2,549|3,134| ||||||6,018|6,560| ## ## ## ## ## ## ## ## ## |Analysis ofc|Analysis ofc|haritable
funds|||||| |---|---|---|---|---|---|---|---| |Unrestricted||funds|||||| |||||At|||At| ||||1 January|20|||31 Decembe| ||||F|20|Income
F|Expenditure
F|r 2020
f| |General funds|||693,812||206,273|(190,837)|709,248| |Restricted|funds||||||| |||||At|||At| ||||1 January|20|||31 Decembe| ||||f|20|Income|Expenditure
6|r2020
f| |Restricted|Funds||||11,134|(7,484)|3,650| ## |Analysis of net as|sets between|funds|||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Tots I Funds|Total Funds| |||Funds
f|Funds
F|2020
6|2019| |Tangible fixed assets||656,923||656,923|659,210| |Current assets||58,343|3,650|61,993|41,162| |Creditors less than|1 year|(6,018)||(6,018)|(6,560)| |Net assets||709,248|3,650|712,898|693,812| ## ## ## ## ## ## ## ## ## ## |Year ende||31 December 2020||| |---|---|---|---|---| ||||2020|2019| ||||6|| |Income and|endowments|||| |Donations
and legacies||||| |General Fund||Offerings|170,712|141,487| |Income from|PRC||3,850|4,550| |Gifts and Gift||Aid Income|23,037|21,728| |Government|grant income||11,979|| ||||209,578|167,765| |Other trading||activities||| |Events
& Facilities Income|||6,839|21,245| |Foundry Shop||||6,790| ||||6,839|28,035| |Investment
income||||| |Bank interest||receivable||| |Other income||||| |Tuck Shop|||731|3,558| |Fee Income|||251|69,251| ||||982|72,809| |Total income|||217,407|268,609| ## ## ## ## |Year ended 31|D|ecem|ber 2020||| |---|---|---|---|---|---| |||||2020
6|2019f| |Expenditure|||||| |Costs of raising donations|||and legacies||| |Wages and salaries|||||14,001| |Repairs and maintenance||||352|2,097| |Insurance|||||169| |Other motor/travel|costs||||40| |Legal and professional||fees|||1,452| |Other office costs|||||28| |Gifts|||||1,060| |Rent, rates, light 8|heat||||2,066| |Catering||||388|1,978| |Supplies||||73|413| |||||813|23,304| |Expenditure
on charitable|||activities||| |Wages and salaries||||123,330|133,865| |Pension costs||||2,240|2,039| |Light and heat||||8,857|12,898| |Repairs and maintenance||||5,607|12,059| |Insurance||||6,304|5,336| |Other motor/travel
costs||||32|1,363| |Legal and professional||fees||9,562|14,994| |Telephone||||1,139|1,521| |Other office costs||||18,225|12,226| |Depreciation||||2,287|3,049| |Bank charges||||308|907| |GIRs||||1,060|4,918| |Rates, light & heat||||1,160|2,925| |Sundry expenditure||||747|1,771| |Accommodation|||||59,918| |Catering||||4,000|3,685| |Supplies||||12,650|12,755| |||||197,508|286,229| |Total expenditure||||198,321|309,533| |Net income/(expenditure)||||19,086|(40,924)| ## ## ## ## |Year ended 31 De|cem|ber 2020||| |---|---|---|---|---| ||||2020|2019| |||||6| |Costs of raising donations||and legacies||| |Costs of raising donations||and legacies - Other type 1||| |Wages and salaries||||10,370| |Repairs and maintenance|||352|2,026| |Other motor/travel
costs||||40| |Legal and professional|fees|||27| |Other office costs||||28| |Gifts||||990| |Catering|||388|1,940| |Supplies|||73|376| ||||813|15,797| |Costs of raising donations||and legacies - Other type 2||| |Wages and salaries||||3,631| |Repairs and maintenance||||71| |Insurance||||169| |Legal and professional|fees|||1,425| |Gifts||||70| |Rent, rates, light & heat||||2,066| |Catering||||38| |Supplies||||37| |||||7,507| |Costs of raising donations||and legacies|813|23,304| ## ## ## ## |||||2020|2019| |---|---|---|---|---|---| |||||6|6| |Expenditure
on charitable|||activities||| |Direct charitable|activities||||| |Activities undertaken||directly|||| |Wages and salaries||||123,330|133,865| |Pension costs||||2,240|2,039| |Light and heat||||8,857|12,898| |Repairs & maintenance||||5,607|12,059| |Insurance||||6,304|5,336| |Other motor/travel|costs|||32|1,363| |Legal and professional||fees||6,237|12,786| |Telephone||||1,139|1,521| |Other office costs||||18,225|12,226| |Depreciation||||2,287|3,049| |Bank charges||||308|907| |Gifts||||1,060|4,918| |Rates, light 8 heat||||1,160|2,925| |Sundry expenditure||||747|1,771| |Accommodation|||||59,918| |Catering||||4,000|3,685| |Supplies||||12,650|12,755| |||||194,183|284,021| |Governance costs|||||| |Accountancy
fees||||3,325|2,208| |Expenditure
on charitable|||activities|197,508|286,229|