##
##
|Contents||Page|
|---|---|---|
|Report ofthe Trustees|||
|Independent
Examiner's|Report to the Trustees||
|Statement ofFinancial Activities (SOFA)|||
|Balance Sheet|||
|Statement
ofCash Flows||12|
|Notes to the Financial Statements||13|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Year Ended 31 Dece|mber 2020||||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted||RestrictedEndowment|||Total|
|||Note|Funds||Funds|Funds||2020|
||||R||R|R||R|
|INCOME:|||||||||
|Donations
and Legacies|||||||||
|Offerings
and Gift Aid tax|||373,564|||||373,564|
|Donations,
other income inc GA tax|||51,358||35,162|||86,520|
|Legacies received|||||||||
|Income from Charitable|Activities||||||||
|Youth accounts|||1,679|||||1,679|
|Hire of Premises|||14,865|||||14,865|
|Income from investments|||||||||
|5 Lymington
Road —rent|||1,300|||||1,300|
|Interest receivable|||271|||||271|
|Total|||443,037||35,162|||478,199|
|EXPENDITURE ON:|||||||||
|Charitable
Activities|||||||||
|Staff payroll|||256,028|||||256,028|
|Staffexpenses|||7,133|||||7133|
|Donations
made|||49,629||28,476|||?8,105|
|Outreach|||6,23.1,,|||||6,231|
|Children
and Youth
Services and worship|||2,432,
2,54?'|'||||2,432
2,547|
|Discipleship|||241|||||241|
|Community|||2,005|||||2,005|
|Youth accounts
Premises|||3,039
32,295|||||3,039
32,295|
|Office expenses|||23,469|||||23,469|
|Fabric fund|||1,655|||||1,655|
|Depreciation|||21,736|||||21,736|
|Governance
Costs
Other|||3,550
429|||jFa|i|3,550
429|
|Total|||412,419||28,476|||440,895|
|Net income/(expenditure)|and net||||||||
|movement
in funds|||30,618||6,686|||37,304|
|Transfers
between funds|||(6,198)||6,198||||
|Total funds at31December 2019|||530,092||3,902|636,8121,170,806|||
|Total funds at31December 2020|||554,512||16,?86|636,8121,208,110|||
##
|Year Ended 31 Decemb|er 2019||||||
|---|---|---|---|---|---|---|
||||Unrestricted|RestrictedEndowment||Total|
|||Note|Funds
R|Funds
f|Funds
R|2019
R|
|INCOME:|||||||
|Donations
and Legacies|||||||
|Offerings
and Gift Aid tax|||325,555|||325,555|
|Donations, other income inc|GA tax||17,216|30,488||47,704|
|Legacies received|||65,745|||65,745|
|Income from Charitable Activities|||||||
|Youth accounts|||3,406|||3,406|
|Hire ofPremises|||55,336|||55,336|
|Income from Investments|||||||
|5 Lymington
Road —rent
Interest receivable|||1,200
615|||1,200
615|
|Total|||469,073|30,488||499,561|
|EXPENDITURE ON:|||||||
|Charitable
Activities|||||||
|Staff payroll|||203,454|||203,454|
|Staffexpenses|||8,661|||8,661|
|Donations
made|||65,669|33,099||98,768|
|Outreach|||11,909|||11,909|
|Children
and Youth|||5,133|||5,133|
|Services and worship|||2,174|||2,174|
|Discipleship|||581|||581|
|Community|||5,700|||5,700|
|Youth accounts|||2,846|||2,846|
|Premises|||43,162|||43,162|
|Office expenses|||20,824|||20,824|
|Fabric fund|||3,844|||3,844|
|Depreciation|||18,170|||18,170|
|Governance
Costs|||3,180|||3,180|
|Total|||395,307|33,099||428,406|
|Net income/(expenditure)|and net||||||
|movement
in funds|||73,766|(2,611)||71,155|
|Transfers between funds|||||||
|Total funds at 31 December 2018|||456,326|6,513|636,812|1,099,651|
|Total funds at 31December 2019|||530,092|3,902|636,812|1,170,806|
##
##
##
|31 December 2|0|20||||
|---|---|---|---|---|---|
|||||2020|2019|
||||Note||R|
|Fixed assets||||||
|Tangible assets||||939,701|949,230|
|||||939,701|949,230|
|Current assets||||||
|Debtors||||10,632|8,187|
|Cash at bank and|in|hand||260,527|215,889|
|||||271,159|224,076|
|Current
liabilities||||||
|Creditors: amounts|falling due within one year|||(2,750)|(2,500)|
|Net current assets||||268,409|221,576|
|Net assets||||1,208,110|1,170,806|
|Funds||||||
|Unrestricted
income||funds|9|554,512|530,092|
|Restricted funds|||10|16,786|3,902|
|Endowment
funds|||10|636,812|636,812|
|Total funds||||1,208,110|1,170,806|
##
|31 December 2020||||||
|---|---|---|---|---|---|
|||||2020|2019|
|Cash flows from operating|activities|||55,274|82,959|
|Cash flows from investing|activities|||||
|Rent received||||1,300|1,200|
|Interest income||||271|615|
|Purchase
oftangible
fixed assets||||(12,207)|(308,887)|
|Cash flows from investing|activities|||(10,838)|(307,072)|
|Increase (decrease)
in cash|and cash equivalents||in the year|44,638|(224,113)|
|Cash and cash equivalents|atthe beginning|ofthe|year|215,889|440,002|
|Cash and cash equivalents|atthe end of|the year||260,527|215,889|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||2020|2019|
|---|---|---|---|---|
|||||R|
|Wages, salaries and social security costs|||224 602|181046|
|Pension costs|||31,426|22,408|
||||256,028|203,454|
|Average
number ofemployees||in period|||
|Ministerial
staff|||||
|Administrative|staff||||
|CAP centre manager|||||
|Tangible fixed assets||||||
|---|---|---|---|---|---|
|||||IT&||
|||Freehold|Fixtures &|technical||
||Church|Property|Fittings|equipment|Total|
||R|R|R|R|R|
|CostNalu ation||||||
|At 1 January 2020|636,812|298,741|9,484|31,210|976,247|
|Additions|||3,558|8,649|12,207|
|At 31December 2020|636,812|298,741|13,042|39,859|988,454|
|Depreciation||||||
|At 1 January 2020||5,975|3,792|17,250|27,017|
|Charge forthe period||5,975|2,608|13,153|21,736|
|At 31December 2020||11,950|6,400|30,403|48,753|
|Net book value||||||
|At 31December 2020|636,812|286,791|6,642|9,456|939,701|
|At 31December 2019|636,812|292,766|5,692|13,960|949,230|
##
##
##
##
|5|Debtors|||
|---|---|---|---|
|||2020|2019|
|||R|R|
||Trade debtors|1,368|2,867|
||Accrued income|9,264|5,320|
|||10,632|8,187|
|6|Bank and cash|||
|||2020|2019|
|||R||
||CAF|202,322|157,703|
||Virgin Money|50,000|50,000|
||Boys Brigade|284|284|
||Baptist Union Trust Account|7,848|7,823|
||Office petty cash|73|79|
|||260,527|215,889|
|7|Creditors: amount falling due within one year|||
|||2020|2019|
|||R||
||Creditors and accruals|2,750|2,500|
##
##
|Unrestricted|funds ofthe|charity|||||
|---|---|---|---|---|---|---|
|||1||||31|
|||January|Income|Expenditure|Transfers|December|
|||2020||||2020|
|||R|R|||R|
|Designated|funds:||||||
|Special project fund||80,821|45,408|(36)|(14,331)|111,862|
|Youth account||746|1,679|(3,039)|641|27|
|Hall Project|Fund|1,027|714|(1,741)|||
|Manse Fund|||1,000||3,000|4,000|
|||82,594|48,801|(4816)|(10690)|115,889|
|General funds||447,498|394,236|(407,603)|4,492|438,623|
|||530,092|443,037|(412,419)|(6,198)|554,512|
|Comparative|information
in|respect ofthe prece|ding
period|is as follows:|||
|---|---|---|---|---|---|---|
|||1||||31|
|||January|Income|Expenditure|Transfers|December|
|||2019||||2019|
|||R||||R|
|Designated|funds:||||||
|Special project fund||16,436|80,147|(15,762)||80,821|
|Youth account|||3,592|(2,846)||746|
|Hail Project|Fund||3,029|(2,002)||1,027|
|||16,436|86,768|(20,610)||82,594|
|General funds||439,890|382,305|(374,69?)||447,498|
|||456,326|469,073|(395,307)||530,092|
##
##
##
|Endowment
and|restricted|funds|||||
|---|---|---|---|---|---|---|
|||1||||31|
|||January|Income|Expenditure|Transfers|December|
|||2020f|R|R|R|2020
R|
|Restricted funds|||||||
|Albania
Mission|||||||
|Anode||200|||(200)||
|ToWNS Project||253|36|(271)|(18)||
|Pastoral
fund||368|13,698|(13,165)|5,703|6,604|
|Harvest appeal|||8,794|(9,000)||(206)|
|Individual
support|fund||3,474|(1,832)|(1)|1,641|
|MomOut|||288|||288|
|Mission Budget|||2,110|||2,110|
|BMSWorld Vision||25|184|(209)|||
|Men's Ministry
Giving Booklet 2018||776
375|145|(520)|(776)||
|Other restricted funds||1,905|6,433|(3,479)|1,490|6,349|
|||3,902|35,162|(28,476)|6,198|16,786|
|Endowment
fund|||||||
|Church
premises||636,812||||636,812|
|||640,714|35,162|(28,476)||653,598|
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Endowment|2020|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Total|
||||R|R|R|R|
|Tangible assets|||302,889||636,812|939,701|
|Debtors|||10,632|||10,632|
|Cash at bank|and|in hand|243,741|16,786||260,527|
|Other current|liabilities||(2,750)|||(2,750)|
||||554,512|16,786|636,812|1,208,110|
|Comparative|information||in respect ofthe preceding
period is as follows:||||
||||Unrestricted|Restricted|Endowment|2019|
||||Funds|Funds|Funds|Total|
||||R|R|R|K|
|Tangible assets|||312,418||636,812|949,230|
|Debtors|||8,187|||8,187|
|Cash at bank|and|in hand|211,987|3,902||215,889|
|Other current|liabilities||(2,500)|||(2,500)|
||||530,092|3,902|636,812|1,170,806|
##
|Reconciliation ofn|et|movement
in fund|s to net cash flow fr|om operating
activities||
|---|---|---|---|---|---|
|||||2020|2019|
|||||R|R|
|Net income/(expenditure)||forthe reporting|period|37,304|71,155|
|Adjustments
for:||||||
|Depreciation
charges||||21,736|18,170|
|Rent receivable
Interest income
(Increase)/decrease
Increase/(decrease)|in
in|debtors
creditors||(1,300)
(271)
(2,445)
250|(1,200)
(615)
(4,551)|
|Net cash from operating||activities||55,274|82,959|
##
|Ye|ar ended 31 Decem|ar ended 31 Decem|ber 2020||||
|---|---|---|---|---|---|---|
|13|Analysis ofchanges||in net debt||||
|||||1Jan|Cash|31 Dec|
|||||2020|flows|2020|
|||||R|R||
||Cash at bank and|in hand||215,889|44,638|260,527|
|||||215,889|44,638|260,527|
||Loans due within|one|year||||
||Loans due after more||than one year||||
||Total|||215,889|44,638|260,527|
##