|||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| ## ## ## ## ## ## ## ##