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2020-12-31-accounts

Page
Report ofthe Trustees 1 to 7
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet 10
Cash Flow Statement
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13to 24

2020 2019
Unrestricted Restricted Total Total
funds funds funds funds
Notes F E
INCOME AND ENDOWMENTS FROM
Donations
and legacies
Charitable
activities		 3
6		 535,939 'I60,935 696,874 647,160
The promotion
of Christianity		 7,880 7,880 36,728
Other trading
activities
Investment
income		 4
5		 5,563
1 995		 5,563
1995		 12,715
2556
Total 551,377 160,935 712,312 699,159
EXPENDITURE ON
Charitable
activities
The promotion
ofChristianity		 528 547 135,355 663902 692,411
NET INCOME 22,830 25,580 48,410 6,748
Transfers
between
funds		 17 ~1,800) 1,80D
Net movement
in funds		 21,030 27,380 48,410 6,748
RECONCILIATION
OF FUNDS
Total funds brought forward 1,070,850 14,819 1,085,669 1,078,921
TOTAL FUNDS CARRIED FORWARD 1,D91,880 42 199 1,134,079 1,D85,669

2020 2019
Unrestricted Restricted Total Total
Notes funds
f		 funds
f		 funds
f		 funds
f
FIXEDASSETS
Tangible assets 13 779,340 779,340 784,307
CURRENT ASSETS
Debtors
Cash at bank		 14 16,878
306,959		 42,199 16,878
349,158		 27,813
285,033
323,837 42,199 366,036 312,846
CREDITORS
Amounts
falling due within one year		 15 (11,297) (11,297) (11,484)
NET CURRENT ASSETS 312,540 42,199 354,739 301,362
TOTAL ASSETS LESSCURRENT LIABILITIES 1,091,880 42,199 1,134,079 1,085,669
NET ASSETS 1,091,880 42,199 1,134,079 1,085,669
FUNDS 17
Unrestricted
funds
Restricted funds		 1,091,880
42,199		 1,070,850
14,819
TOTAL FUNDS 1,164,079 1,065,669

2020 2019
Cash flows from operating
activities:		 Notes F F
Cash generated
from operations		 84853 ~21 980)
Net cash provided
by (used in) operating
activities		 84,853 ~21 980)
Cash flows from investing
activities:
Interest received
Purchase oftangible
fixed assets		 1,995
~22.723)		 2,556
~4.390)
Net cash provided
by (used in) investing
activities ~20.728) ~1.834)
Change
in cash and cash equivalents		 in the
reporting
period
Cash and cash equivalents
at the beginning
the reporting
period		 of 64,125
285,033		 (23,814)
308,847
Cash and cash equivalents
at the end		 ofthe
reporting
period		 349.158 285 033

RECONCILIATION
OF NET INCOME TO		 RECONCILIATION
OF NET INCOME TO		 NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting
activities)
Adjustments
for:		 period (as per the statement offinancial 2020
f
48,410		 2019
6,748
Depreciation
charges
Interest received
Decrease
in stocks
Decrease/(increase)
in debtors
Decrease
in creditors		 27,690
(1,995)
10,935
~18T)		 22,295
(2,556)
550
(4,488)
~44,529)
Net cash provided
by (used		 in) operating activities 84,853 ~21,980)
2. ANALYSIS OF CHANGES
IN		 NET FUNDS
Net cash At 1/1/20
f		 Cash flow At 31/12/20
f
Cash at bank 285,033 64,125 349,158
Total 285,033 84,125 349,158

2020 2019
Use ofpremises F
5,563		 12,715
INVESTMENT INCOME
2020 2019
Bank interest receivable 1,995 ~2556
INCOME FROM CHARITABLE ACTIVITIES
2020 2019
Youth and children's
work
Pre-school
Bookstall
Dalton Street project
Internationals
Network courses
Students
Conversational
classes
Church weekend
away
Christians
Against Poverty		 1,053
590
59
1,736
675
1,227
600
1 9407880,
F
8,161
2,193
756
12,574
673
915
6,595
2,075
2,786
36728
Direct costs Support costs Totals
(See note 8) (See note 9)
The promotion of Christianity 576.744 87.158 F
663,902

2020 2019
Staff costs
Staff costs - Dalton Street project
Staff costs - redundancy
payments
Staff training
and expenses
Administration
costs
Premises expenses
Bookstall expenses
Other Miscellaneous
costs - (worthwhile
causes)
Pulpit
Pastoral
Evangelism
Youth and children's
work
Internationals
Studenh
Pre-school
Network
Dalton Street project costs (excluding staff costs)
Grants payable - Missionary
Support
Weekend
away
Chdstians
Against Poverty
Fixed asset depreciation		 283,119
5,835
31,126
15,492
20
10,026
1,172
538
5,658
4,599
1,280
1,886
529
73
7,588
176,758
3,909
27,136		 F.
283,287
5,770
4,754
9,526
37,399
28,658
1,063
1,791
1,885
789
2,607
1 l,188
1,363
7,241
1,092
374
16,073
177,671
3,321
21,849
576,744 617,701

Governance
Staffcosts Other costs
f		 costs Totals
The promotion ofChristianity 59,562 24,956 2,640 87,158

TRUSTEES' REIIUNERATION
AND BENEFIT		 S
The following remuneration
was paid to trustees		 during the year.
Trustee Role 2020 2019
D Gobbett
J Reeves
M Teutsch
R Hughes		 Lead Minister
Assistant
Minister
Associate Minister
Internationals		 Salary and pension
Salary and pension
Salary and pension
Salary and pension		 40,701
33,137
36,209
27,070		 39,624
32,260
35,171
9,082

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2020f
297,053
22,483
23,144		 2019
F
306,044
22,836
19,980
342 681 348.860
2020 2019
12 13

Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies
Charitable
activities		 511,196 135,964 647,160
The promotion
ofChristianity		 36,728 36,728
Other trading
activities
Investment
income		 12,715
2,556		 12,715
2,556
Total 563,195 135,964 699,159
EXPENDITURE ON
Charitable
activities
The promotion
ofChristianity		 556,116 136,295 692 411
Total 556,116 136,295 692,411
NET INCOME 7,079 (331) 6,748
Transfers
between funds		 ~1,788) 1 788
Net movement
In funds		 5,291 1,457 6,748
RECONCILIATION
OF FUNDS
Total funds brought forward 1,065,559 13,362 1,078,921
TOTAL FUNDS CARRIED FORWARD 1.070,850 14819 1085669

TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS
Freehold Fixtures and
property Freehold land fittings Totals
COST F F F
At 1 January 2020
Additions
Disposals		 1,031,227 80,000 125,010
22,723
~95214)		 1,236,237
22,723
~95214)
At 31 December 2020 1,031227 80,000 52,519 1,163,746
DEPRECIATION
At 1 January 2020
Charge for year
Eliminated
on disposal		 330,786
20,625		 121,144
7,065
~95,214)		 451,930
27,690
~95,214)
At 31 December 2020 351411 32,995 384,406
NET BOOK VALUE
At 31 December 2020 679,816 80,000 19,524 779,340
At 31 December 2019 700,441 80,000 3,866 794,307
All assets are held for direct charitable purposes and there are no inalienable or historic assets.
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
F
Gift aid debtor
Prepayments
and accrued		 income 9,226
7652		 16,657
11 156
16,878 27,813
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
F
Accruals and deferred income 11,297 11,484
LEASING AGREEMENTS
Minimum
lease payments		 under non-cancellable operating
leases fall due		 as follows:
2020 2019
F F
Within one year
Between one and five years		 4,600
3,833		 4,600
8433
8,433 13,033

Net movement Transfers
At 1/1/20
F		 in funds
f		 between
funds
F		 At31/12/20
Unrestricted
funds
General fund
Designated
fund - Building		 fund 9,118
778,691		 103,018
(20,625)		 (85,281)
1,750		 26,855
759,816
Designated
fund - Operations		 reserve 110,000 5,000 115,000
Designated
fund - Legacy fund
Designated
fund - Missionary
fund
Designated
fund - Contingency
fund
Designated
fund - Training
(Immanuel)		 69,884
18,040
30,000
25,000		 (36,730)
(47,833)		 46,731 33,154
16,938
30,000
25,000
Designated
fund - Ministry Apprentices
Designated
fund - Maintenance
fund		 30,117 25000 15,000
15000		 45,117
40,000
1,070,850 22,830 (1,800) 1,091,880
Restricted funds
Missionary
fund
Dai Hankey
fund		 915
11,129		 1,672
(4,184)		 1,800 2,587
8,745
Dalit fund
Homeless
fund		 430
905		 (430)
(500)		 405
Student Friends of Highfields
Sharing our lives fund		 fund 1,440 516
28,506		 1,956
28,506
14,819 25,580 1,800 42,199
TOTAL FUNDS 1,085,669 48,410 1134079
Net movement
in funds, induded		 in the above are as follows:
Incoming Resources Movement
in
resources
F		 expended
f		 funds
Unrestricted
funds
General
fund		 525,981 (422,963) 103,018
Designated
fund - Legacy fund
Designated
fund - Maintenance		 fund 396
25,000		 (37,126) (36,730)
25,000
Designated
fund - Building
fund
Designated
fund - Missionary
fund		 (20,625)
~47,833)		 (20,625)
~47 833)
551,377 (528,547) 22,830
Restricted funds
Missionary
fund		 105,397 (103,725) 1,672
Dai Hankey
fund
Student Friends of Highfields		 fund 21,016
816		 (25,200)
(300)		 (4,184)
516
Sharing our lives fund 33,706 (5,200) 28,506
Dalit fund
Homeless
fund		 (430)
~500)		 (430)
~500)
160,935 (135,355) 25,580
TOTAL FUNDS 712,312 ~663,902) 48,410

Comparatives for movement
in funds
Net movement Transfers
At 1/1/19 in funds between funds At31/12/19
E
Unrestricted
Funds
General
fund
Designated
fund
Designated
fund
Designated
fund
Designated
fund
Designated
fund
Designated
fund
Designated
fund
Designated
fund		 - Building fund
- Operations
reserve
- Legacy fund
- Dalton Street project
- Contingency
fund
- Training
(Immanuel)
- Missionary
fund
- Ministry Apprentices		 4,825
799,316
110,000
88,130
8,895
16,240
38,153		 116,660
(20,625)
(18,246)
(13,277)
(2,200)
(3,723)
(51,420)
~90)		 (112,367)
13,277
23,305
12,483
31,307
30,207		 9,118
778,691
110,000
69,884
30,000
25,000
18,040
30,117
1,065,559 7,079 (1,788) 1,070,850
Restricted Funds
Missionary
fund		 915 915
Dai Hankey
fund
Dalit fund		 11,210
430		 (1,881) 1,800 11,129
430
Misc mission
fund
Ministry apprentices
fund
Homeless
fund
Redeemer fund
Student Friends of Highfields
fund		 12
555
905
250		 (555)
(250)
1,440		 (12) 905
1,440
13,362 (331) 1,788 14,819
TOTAL FUNDS 1,078,921 6,748 1,085669

Comparative
net movement
in funds, induded
in the a		 bove are as follows:
Incoming Resources Movement
in
Unrestricted
funds		 resources expended funds
f
General fund
Designated
fund - Legacy fund
Designated
fund - Dalton Street project
Designated
fund - Building
fund
Designated
fund - Contingency
fund
Designated
fund - Training
(Immanuel)
Designated
fund - Missionary
fund
Designated
fund - Ministry Apprentices		 541,232
21,963		 (424,572)
(40,209)
(13,277)
(20,625)
(2,200)
(3,723)
(51,420)
~90)		 116,660
(18,246)
(13,277)
(20,625)
(2,200)
(3,723)
(51,420)
~90)
563,195 (556,116) 7,079
Restricted funds
Missionary
fund
Dai Hankey
fund
Dalton Street project
Ministry apprentices
fund
Redeemer fund
Student Friends of Highfields
fund		 110,935
22,389
1,200
1 440		 (110,020)
(24,270)
(1,200)
(555)
(250)		 915
(1,881)
(555)
(250)
1,440
135,964 (136,295) (331)
TOTAL FUNDS 699,159 ~692,411) 6746