**Charity number: 1179638**
## **DANBURY MISSION CHURCH**
**UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **DANBURY MISSION CHURCH**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the charity, its Trustees and advisers**|1 - 2|
|**Trustees' report**|3 - 13|
|**Independent examiner's report**|14 - 15|
|**Statement of financial activities**|16|
|**Balance sheet**|17|
|**Statement of cash flows**|18|
|**Notes to the financial statements**|19 - 37|
## **DANBURY MISSION CHURCH**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Trustees**
Richard Ambor James Massie Robert Goodwin Simon Medcroft Stephen Rose Geoffrey Spence David Hartwell Neil Wallis
## **Charity registered number**
1179638
## **Principal office**
54 Maldon Road Danbury Essex CM3 4QL
## **Accountants**
Venthams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB
## **Bankers**
Barclays Bank 41 High Street Chelmsford Essex CM1 1BG
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Page 1
## **DANBURY MISSION CHURCH**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Solicitors**
Anthony Collins Solicitors LLP 134 Edmund Street Birmingham B3 2ES Edward Connor Solicitors Market Harborough 10 The Point Market Harborough LE16 7QU
Page 2
## **DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
The trustees present their annual report together with the financial statements of Danbury Mission Church CIO (the charity) for the year ended 31 December 2020. The trustees confirm that the annual report and financial statements of the charity comply with the statutory requirements of the charity’s governing document and the provision of the statement of recommended practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015.
## **Objectives and activities**
## **a. Policies and objectives**
The purposes of the Church are the advancement of the Christian faith, in accordance with the Basis of Faith in the United Kingdom and abroad but primarily in the mid Essex area surrounding Danbury and such other charitable purposes as shall, in the opinion of the Elders further the work of the church.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 3
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
## **b. Activities undertaken to achieve objectives**
The principal objective of the church is to share the Good News of Jesus Christ to all. To build up believers in their knowledge and love of the Lord Jesus Christ and to train and send out people to take this love and knowledge throughout this country and the world.
We seek to achieve this objective by reaching out to those who have not heard or understood the gospel of Jesus Christ to our local community and beyond. We aim to do this by being a welcoming church, to show Jesus and his love in all we do through our varied program of activities, both for those attending church and others joining the many clubs and activities we run and support for young and old.
Whilst planning which activities the church should undertake the trustees have paid due regard to the public benefit guidance issued by the Charity Commission.
We aim to hold two Sunday services, each week, where we seek to teach the truth of God’s word by expository biblical teaching. In so doing we seek to convey the message of the Gospel so that all may come to a personal knowledge of Jesus Christ. Twice a month during these services we celebrate communion to remind ourselves of the person, death, and resurrection of Jesus Christ.
We are committed to supporting individuals in training for ministry and include sums to enable this in our annual budget. In addition, as a church we feel it is important to look outward. We support many missions at home and abroad, financially and in prayer. Regular missionary Sunday services are held, attended by our missionaries or mission society representatives, who update us on how their work and God’s word is changing people’s lives in other communities.
We hold various outreach activities during the year and run regular Christianity Explored courses, which enable people to explore the Christian faith further. Some of our Sunday services are particularly designed to help those who are unfamiliar with the Christian faith come to know the Gospel, and we have had the joy of seeing many coming to faith in Jesus and, in obedience to the command of our Lord, being baptised during our Sunday services.
We hold regular whole church and small group prayer meetings and encourage members of the church to meet together to encourage one another and pray together.
We have a very active youth ministry with 4 Sunday school groups, a creche and a Bible study group for those with learning disorders.
There are also mid-week children’s groups all of which are attended by local children many of whom have no other contact with church. On a Saturday morning a group of church volunteers organise football coaching in a local park. There are also three mums and toddlers’ groups attended by both church members and local residents. These are very often the first introduction a parent has to the church.
We hold additional youth events during school holidays, and Bible study weekends away for both young and old, these provide great opportunities for leaders and participants to share and explore the bible and its application in our daily lives.
There are 23 small Bible study groups meeting weekly where church members come together for study, prayer, and fellowship as well as regular events for seniors, singles and a club for adults with learning difficulties.
Our Coffee shop known as Hudson’s is open daily, providing a welcome resource for local residents, various groups of walkers, cyclists as well as church members.
Page 4
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
## **c. Grant-making policies**
Included within this report is a summary of the donations made in the period to individuals and Christian charities both in the UK and overseas. We provide regular and one off financial support to both; these include gifts to overseas missionaries. Our missions committee oversee and monitor this support to ensure it is effectively given and used in accordance with the current advice from the Charity Commissioners.
The trustees are confident that although some recipients may have benefited from support for a number of years, they appreciate it is not an open-ended obligation of behalf of the charity as they are aware such support is regularly reviewed.
## **d. Volunteers**
We employ 10 members of pastoral staff and administrative staff – full and part time and 7 part time cleaners. We are also very dependent on our church members who are engaged, on a voluntary basis, in every area of the ministry of the church. The time they give in preparation for and during these activities is not formally monitored making it impossible to place a value on these contributions.
## **e. Main activities undertaken to further the charity's purposes for the public benefit**
The trustees are mindful of their duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commissions general guidance on public benefit, and also the supplementary guidance on the advancement of religion for the public benefit when considering the objectives and activities of Danbury Mission Church. The wide range of activities outlined above show the practical application of this which is, and always has been, at the heart of our mission statement.
We endeavour to ensure the work we undertake is open to all, with tangible benefits being seen through the pastoral and practical support offered to everyone in the local community. It is our intention to continue to support both young and old with friendship, fellowship, and practical help.
As a church we seek to support people in the church and the local community. Regular contact is maintained with those in need in the local community – the elderly, unwell and vulnerable by our volunteer care team who also provide lifts to hospital and doctors’ appointments and give practical and financial assistance. A group of volunteers organise and provide transport to a weekly lunch club, visiting and generally keeping in touch with older people in the locality.
Our annual budget includes the provision of funds to give financial assistance to those experiencing financial hardship within the church and the local community.
Every fortnight a group of suitably qualified volunteers, host a club for adults with learning difficulties called The Indigo Club. Around 20 people regularly attend this group and enjoy craft and other activities together.
The building the church occupies is made freely available for many community activities and other charities including hearing and diabetes clinics, for charity fundraising events and other charitable purposes.
Page 5
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Achievements and performance**
## **a. Key performance indicators**
The church has many resources and aims, so we do not judge our performance by monetary means alone, that is but one of the resources we have.
Our aim is our mission, to enable as many people as possible to know Jesus, using the resources God has given us, to share the gospel in the area where God has put us, and to show his love and grace to all in our community.
Our Church membership and attendance continued to grow during the early part of 2020, the Coronavirus outbreak restrictions meant our services moved online during March 2020 and membership of small bible study groups and online Church meetings became increasingly important. These have also continued ‘online’ and attendance has been very encouraging, enabling us to support and maintain regular contact with church members. All 23 small weekday groups continued to meet on a regular basis along with a new popular book club. Regular contact has been maintained with those who do not use digital technology by telephone and the weekly delivery of a printed copy of the sermon and other material.
The restrictions required the closure of our coffee shop which resulted in a reduction in income, but the redeployment and subsequent furlough of staff has enabled us to protect financial reserves. The opportunities it brought for contact with the community have been filled by a closer relationship with other groups working in the surrounding area, including the Danbury Coronavirus Volunteer Support Group, the Danbury Medical Centre, and our local Food Pantry.
The activities and support provided by the Church to the community during this period has seen many who would not normally have any other contact with the church be helped in many practical ways.
The church website has become a valuable resource, it is regularly visited by both church members and others seeking information about us, our activities and requiring help during times of difficulty.
Our youth groups and Sunday school classes continue to be extremely popular, whether they are live or online.
We continued to carefully monitor our day-to-day finances, with regular reporting to the Eldership. Forecasts were prepared based on various scenarios and the potential effect over the next three years to assist with our planning and reserves policies.
Although our regular monthly income fell initially, generous ‘one off donations’, savings made as activities paused, staff sacrifices and claiming the furlough grants made available produced an increase in general reserves of £152,010, before any other transfers were made.
We had planned to launch a new church, City Church Chelmsford, at Easter 2020, this was delayed because of the pandemic. A virtual launch, with afternoon physical services when restrictions allowed, has resulted in new members joining and taking an active part in this new Christ centred Bible teaching church in Chelmsford.
Page 6
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Achievements and performance (continued)**
## **b. Review of activities**
The beginning of 2020 saw the number of attendees at our Sunday services continue to increase where we continue to teach the truth of scripture. We remain indebted to our pastor, Simon Medcroft, our youth director Dave Hartwell, our assistant pastor Ben Clube and the pastor of City Church Chelmsford, Jimmie Massie for the excellent and thoroughly prepared teaching programme they deliver.
Our youth director has continued to maintain relationships with many local schools, during the pandemic supporting teachers and children where possible.
Since March 2020 our morning services have moved online. The new Danbury Mission home website enabled us to make pre-recorded services readily available to our church members and many visitors. Children and family resources have also moved online and have proved immensely popular. Sunday school classes and weekday activities have been provided via Zoom by our resourceful Youth Director and a large team of volunteers.
Our bible studies for young people continued to equip them with the resources they need to deal with the changing world around them.
In addition, when restrictions allowed, we have held on average 3 inhouse afternoon communion services a month which have all been well supported.
Morning prayer meetings and other church meetings have taken place via Zoom, with the missionaries we support being able to join those meetings, allowing us to hear more about their work, the effect of the pandemic on the people they seek to serve, and how God’s word continues to change people’s lives in their communities.
Christianity Explored courses have also been run online to enable people to explore the Christian faith further.
We have been able to form new relationships with members of our local community, liaising with the Danbury Coronavirus volunteers support group and helping with Food bank initiatives, shopping, prescription collection and many other day to day tasks which became very difficult for the vulnerable in our society. Regular contact via the telephone has been made with those who maybe isolated as our Senior Lunch club, evening groups for those with special needs and other projects were forced to close.
We celebrated Christmas 2020 with 3 Drive in Carol Services, the occupants of over 240 vehicles were able to share in these services, which were projected from an outdoor stage to a huge screen and live streamed into people’s homes. The resourcefulness of the pastors, operations staff, youth, worship, and volunteer teams enabled these to go ahead, despite lockdown restrictions, and many from the local community joined the services.
A team of volunteers organised Advent windows around the village, testing the artistic skills of many of our church members, and proved a popular walk for many local residents. Our coffee shop opened a heated outdoor covered area, which meant that despite restrictions the effect of the cold weather could be relieved with a hot drink.
Christmas gifts were distributed to many children in the area, and we were pleased to make our facilities available for a Christmas meal to be prepared and taken to many of those who were isolated and vulnerable in the village.
We look forward to the lifting of restrictions enabling us to return to physical meetings and activities whilst recognising that we have learned and benefited from the need to digitally widen our horizons.
Page 7
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Achievements and performance (continued)**
## **c. Investment policy and performance**
Our reserves are such that investments other than in deposit savings accounts are not considered advisable. This situation will be reviewed on a regular basis and appropriate advice sought in the future when considered appropriate by our finance committee.
We currently maintain a savings account with Barclays Bank, Kingdom Bank and CAF Bank to make use of the protection afforded by the FSCS for our reserves.
## **Financial review**
## **a. Going concern**
After making appropriate enquires the Trustees have reasonable expectation that the Charity has adequate reserves to continue in operational existence for the foreseeable future. For this reason, the going concern basis is adopted in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
Reserves are maintained to meet any unexpected expenditures or where an income shortfall may be identified because of a planned project or external financial change such as that brought about by the Coronavirus pandemic.
Free reserves available for use exclude restricted funds and tangible fixed assets and are regularly reviewed by the trustees in relation to the risk of exposure to any significant loss of income or unforeseen costs. The trustees aim to maintain free reserves at a level which equates to three months unrestricted regular expenditures after adjustment for any approved budget shortfall or specific need.
During 2020 a budget was prepared for 2021 with forecasts of expenditures for a further 2 years and the effect of a reduction in our income caused by the pandemic. The church is committed to the support of City Church Chelmsford, and the additional costs associated with that, resulted in a shortfall of income over expenditures being identified.
Measures have therefore been taken to reduce expenditures, to increase the opening hours of the coffee shop once restrictions allow, and to look for external financial support towards the launch of a Christians Against Poverty Debt Centre in Chelmsford during 2021.
In addition, the designation from the pastors housing reserve has been removed to support General Reserves. At the end of 2020 available reserves were calculated to be £204k approximately £7k above the calculated requirement, the Elders do not consider any further action is necessary at this time. The results will continue to be monitored during 2021 and the forecast deficits reviewed, and updated, as appropriate.
As income continues to be mainly received from monthly standing orders, the recurrent nature of these is considered sufficient to allow the charity’s current day to day expenditure commitments and activities to continue.
Page 8
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **c. Financial review**
The results of the current financial year are considered to be satisfactory, with sufficient reserves, as detailed above, to ensure the Church financial stability and ability to achieve its objectives.
The statement of financial activities shows income of £697,244 with donations higher than anticipated thanks to generous ‘one off’ gifts from church members, as income from regular monthly donations fell at the beginning of the coronavirus lockdown restrictions.
Income from charitable activities was also severely affected as our coffee shop, youth work and other activities had to cease or were restricted.
Government grants, included in other income, were claimed as staff engaged in these activities were furloughed.
Expenditures for the year of £560,795 were below budget, as savings were made where possible, staff recruitment was postponed, and some costs were reduced as activities paused.
These actions enabled total funds to be increased by £136,449 during the year to £307,442.
These balances include the remaining designated funds raised towards the launch of City Church Chelmsford during 2020.
## **d. Principal funding**
The principal funding source of the charity is voluntary donations from church members.
## **Structure, governance and management**
## **a. Constitution**
Danbury Mission Church is a registered charity number 1179638 and is constituted under a CIO foundation.
The church was originally founded in 1910 by William Baker.
During 2018 the church elders/trustees applied to the Charity Commissioners to formally transfer the assets, liabilities and membership of Danbury Mission Church, a charitable trust, to this new organisation. This application was granted in February 2019 with the assets, liabilities and activities being transferred from 1st March 2019.
The charitable trust, registered charity number 1122784, is now linked to Danbury Mission Church.
The church currently occupies premises at 54 Maldon Road Danbury which were purchased by the Danbury Mission Property Trust in 1975.
Page 9
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Structure, governance and management (continued)**
## **b. Methods of appointment or election of Trustees**
The day to day running of the church is overseen by a body of church elders who are the charity’s’ trustees.
In accordance with the church constitution elders are reappointed every 5 years. The last election took place in May 2017.
The appointment, or reappointment, of elders is made after careful consideration of the gifts and abilities of potential candidates. The duties, responsibilities and requirements of eldership are explained and a proposal for appointment is brought with the recommendation of the existing elders to a meeting of the church members.
Church members are asked to vote of the proposed appointment and to give details of any concerns or objections which are considered carefully before any appointment is made.
## **c. Policies adopted for the induction and training of Trustees**
Training is undertaken to ensure that all elders/trustees receive an induction on the duties, responsibilities, and liabilities of trustees under charity and church law and their role as elders in the church in accordance with the charity’s constitution and statement of faith.
Potential conflicts of interest are identified by regular review of Elders other interests. Elders generally do not take part in eldership discussions or decisions on any areas where it is considered they may have, or be seen to have, a conflict of interest.
## **d. Staff appointments**
The church elders (trustees), in consultation with the church members, are responsible for identifying and appointing staff members including the church pastors.
## **e. Risk management**
The church undertakes regular risk assessment reviews covering, health & safety, operational property, strategic, legal, financial, insurance and employment policies. An overall review of these policies is regularly reviewed and updated. An external risk assessment was undertaken during 2018 by our insurers, the minor recommendations made have all been implemented.
Regular Fire, health and safety checks are undertaken and full third party insurance is in place to cover all church activities and property.
Risk assessment is routinely undertaken for all proposed activities as part of the planning process to ensure compliance with external and internal guidelines and objectives.
We have an ongoing commitment to safeguarding vulnerable adults and children. A formal Child and Vulnerable Adult policy has been adopted. Staff and volunteers are DBS checked in accordance with that policy which is regularly reviewed and updated in line with current recommendations. We also provide both internal and external training in this area for both staff and volunteers.
Regular external first aid training is provided to ensure staff members and volunteers qualifications are maintained.
The elders also seek to protect the church from false teaching and influences. This is mitigated by embedding biblical discipleship and sound teaching within the church family and continuing to pray for unity in the gospel.
Page 10
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Structure, governance and management (continued)**
## **f. Other matters**
The church elders (trustees) delegate the oversight of some church ministries to church leaders.
Church ministries consist of Preaching & Teaching, Pastoral & House Groups, Children’s and Youth Work, Prayer, Worship & Music, Evangelism & pre Evangelism, Community Activities, Missionary, Discipleship & Training, Care & Support for those in need and church administration.
The elders will bring to the church members at one of the 3 church business meetings arranged each year, issues upon which their consensus is required.
Danbury Mission is an independent church a member of the Evangelical Alliance and a member of the Fellowship of Independent Evangelical Churches (FIEC).
## **Plans for future periods**
- a. We will continue to support City Church Chelmsford as it seeks to establish a permanent presence in Chelmsford.
- b. Our ongoing commitment to deliver bible centred teaching to all will continue.
- c. We will encourage and support evangelism in our colleges, schools, and universities.
- d. As restrictions allow, we will continue to reach out to the local community with the gospel of Jesus Christ with regular outreach events, Christianity explored courses and Open house services.
- e. We plan to host outdoor services throughout the summer to enable church fellowship and worship, returning to indoor services when restrictions allow.
- f. We will record sermons to enable those unable to physically attend church to be able to share our bible teaching.
- g. Should outdoor services not be possible we will endeavour to ‘live stream’ services in their place. h. We will continue to review the impact of the pandemic on the Church, to ensure our services and activities are available to as many as possible, and the members of the church and our local area are supported.
- i. A new Christians Against Poverty Debt Centre will be opened in Chelmsford to help relieve the misery caused by debt.
- j. We will continue to support like-minded churches throughout the country through our membership of the Fellowship of Independent Churches and to seek to share and encourage in both prayer and resources.
- k. The prayerful and financial support provided to our missionaries will continue and we will seek to maintain the closer relationships formed using Online resources.
- l. We will continue to work with and support the Danbury Coronavirus support group, the local Food Bank initiatives and others who provide support to the vulnerable in our society.
- m. Our commitment to training young people for ministry will continue.
- n. The opening hours of our coffee shop will be increased, and the fare extended.
- o. The new online prayer meetings will continue.
We look back on this period and thank God for all he has provided, we look forward to the opportunities God will give us to proclaim the Gospel of Jesus Christ and show his love and mercy to all people.
Page 11
**DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Trustees, Elders and Advisors**
Church Trustees
Richard Ambor Robert Goodwin David Hartwell Simon Medcroft Stephen Rose Geoffrey Spence Neil Wallis James Massie
## **Administrative details**
Charities Commission Registration No. 1179638
The Church is recognised by HMRC as a “place of worship”.
Address:
Telephone:
Danbury Mission 54 Maldon Road Danbury Essex CM3 4QL 01245 227428
E-mail: Web Site:
info@danburymission.org.uk www.danburymission.org.uk
Staff Team at 31st December 2020.
Pastor Simon Medcroft Assistant Pastor Benjamin Clube Youth Director David Hartwell City Church Chelmsford Pastor Jimmie Massie Administrator Jo Dobson Church Community Worker Alison Thurgood Coffee Shop Manager Wendy Goodwin Assistant Coffee Shop Manager Jonathan Paynter Church Caretaker Trevor Frost Secretary to the Church Elders Richard Ambor (voluntary) Treasurer Sally Harris (voluntary)
Page 12
## **DANBURY MISSION CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO Foundation. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## **Richard Ambor**
Trustee Date: 19 June 2021
**Geoffrey Spence** Trustee
Page 13
## **DANBURY MISSION CHURCH**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Independent examiner's report to the Trustees of Danbury Mission Church ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 14
## **DANBURY MISSION CHURCH**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **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 Institute of Chartered Accounts in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 2011 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.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Dated: 5 July 2021 Stuart Harrison FCA
## **Venthams**
Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB
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## **DANBURY MISSION CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
8
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2020**
**£**
**609,276**
**36,723**
**911**
**50,334**
**697,244**
**38,214**
**522,581**
**560,795**
**136,449**
**170,993**
**136,449**
**307,442**|**Total**
**funds**
**2020**
**£**
**609,276**
**36,723**
**911**
**50,334**
**697,244**
**38,214**
**522,581**
**560,795**
**136,449**
**170,993**
**136,449**
**307,442**|_Total_
_funds_
_2019_
_£_
_585,917_
_68,823_
_708_
_4,193_
_659,641_|
|---|---|---|---|
||||_35,505_
_453,143_
_488,648_|
||||_170,993_|
||||_-_
_170,993_
_170,993_|
Page 16
## **DANBURY MISSION CHURCH**
## **BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
16
**Total net assets**
**Charity funds**
Restricted funds
17
Unrestricted funds
17
**Total funds**|**6,438**
**16,976**
**324,867**
**348,281**
**(23,398)**|**2020**
**£**
**37,961**
**37,961**
**324,883**
**362,844**
**(55,402)**
**307,442**
**-**
**307,442**
**307,442**|_6,141_
_16,286_
_209,489_
_231,916_
_(26,209)_|_2019_
_£_
_26,643_
_26,643_
_205,707_
_232,350_
_(61,357)_
_170,993_
_-_
_170,993_
_170,993_|
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **Richard Ambor**
## **Geoffrey Spence**
Date: 19 June 2021
Page 17
## **DANBURY MISSION CHURCH**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Cash flows from financing activities**
Cash inflows from new borrowing
Repayments of borrowing
**Net cash (used in)/provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2020**
**£**
**141,070**
**(20,054)**
**(20,054)**
**-**
**(5,638)**
**(5,638)**
**115,378**
**209,489**
**324,867**|_2019_
_£_
_174,138_
_(31,605)_
**(31,605)**
_66,956_
_-_
**66,956**
**209,489**
_-_
_209,489_|
|---|---|---|
Page 18
**DANBURY MISSION CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. General information**
The Church was registered on 22 August 2018 as a CIO with the Charity Commission under charity number 1179638. Its principal office address is 54 Maldon Road, Danbury, CM3 4QL.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Danbury Mission Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The Trustees are of the opinion that the charity will not be significantly affected by the pandemic caused by the coronavirus (Covid-19) and believe that the charity is a going concern. Accordingly, the Financial Statements have been prepared on that basis.
Page 19
**DANBURY MISSION CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the charity's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Page 20
**DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.4 Expenditure (continued)**
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
Motor vehicles - 20% straight line - Fixtures and fittings 20% / 33.3% straight line according to the asset concerned - Computer equipment 20% straight line
## **2.7 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **2.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 21
**DANBURY MISSION CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.11 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.12 Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **2.13 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 22
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2020**
**Restricted**
**funds**
**2020**
**£**
**£**
Donations
609,276
-
Assets transfered from unincorporated charity
-
-
**Total 2020**
609,276
-
_Unrestricted_
_funds_
_2019_
_Restricted_
_funds_
_2019_
_£_
_£_
Donations
_421,237_
_420_
Assets transfered from unincorporated charity
_164,260_
_-_
_585,497_
_420_
**Income from charitable activities**
**Unrestricted**
**funds**
**2020**
**£**
Income from charitable activities - Church activities
36,723
_Unrestricted_
_funds_
_2019_
_£_
Income from charitable activities - Church activities
_68,823_|**Total**
**funds**
**2020**
**£**
**609,276**
**-**
**609,276**|
|---|---|
||_Total_
_funds_
_2019_
_£_
_421,657_
_164,260_
_585,917_|
||**Total**
**funds**
**2020**
**£**
**36,723**|
||_Total_
_funds_
_2019_
_£_
_68,823_|
## **4. Income from charitable activities**
Page 23
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **5. Investment income**
|**Unrestricted**
**funds**
**2020**
**£**
Investment income - local cash
911
_Unrestricted_
_funds_
_2019_
_£_
Investment income - local cash
_708_|**Total**
**funds**
**2020**
**£**
**911**|
|---|---|
||_Total_
_funds_
_2019_
_£_
_708_|
## **6. Other incoming resources**
|Other income
Furlough grants received
**Total 2020**
Other income|**Unrestricted**
**funds**
**2020**
**£**
7,453
42,881
50,334
_Unrestricted_
_funds_
_2019_
_£_
_4,193_|**Total**
**funds**
**2020**
**£**
**7,453**
**42,881**
**50,334**|
|---|---|---|
|||_Total_
_funds_
_2019_
_£_
_4,193_|
Page 24
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **7. Analysis of grants**
|**Grants to**
**Institutions**
**2020**
**Grants to**
**Individuals**
**2020**
**£**
**£**
Grants, Church activities
58,341
13,477
_Grants to_
_Institutions_
_2019_
_Grants to_
_Individuals_
_2019_
_£_
_£_
Grants, Church activities
_42,498_
_24,706_
The charity has made the following material grants to institutions during the year:|**Total**
**funds**
**2020**
**£**
**71,818**|
|---|---|
||_Total_
_funds_
_2019_
_£_
_67,204_|
|||
|**Name of institution**
Eurasian Ministries
Wycliffe Bible Translators
Evangelical Action Brazil
OMF International
African Inland Mission
Release International
Hand in Hand
Tearfund - Mozambique
Eclisa - Trinity Children's Centre SA
Lighthouse
Christian Against Poverty
Trinity Church West London
Chelmsford CHESS
Universities and Colleges Christian Fellowship
Chelmsford and District Evangelical Christian Fellowship - SYM
SIM International (UK)
Fellowship of Independent Evangelical Churches
Food Pantry
Great Ormond Street Hospital
Other small grants to institutions|**2020**
**£**
**8,318**
**13,080**
**3,130**
**2,600**
**7,523**
**-**
**200**
**-**
**763**
**600**
**-**
**-**
**777**
**8,000**
**-**
**2,648**
**5,500**
**1,800**
**1,584**
**1,818**
**58,341**|_2019_
_£_
_7,101_
_11,827_
_1,619_
_1,760_
_4,493_
_664_
_200_
_1,041_
_988_
_500_
_1,491_
_125_
_665_
_8,000_
_500_
_1,500_
_-_
_-_
_-_
_24_|
|---|---|---|
|||_42,498_|
Page 25
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2020**
**£**
Church activities
522,581
_Unrestricted_
_funds_
_2019_
_£_
Church activities
_453,143_|**Total**
**funds**
**2020**
**£**
**522,581**|
|---|---|
||_Total_
_funds_
_2019_
_£_
_453,143_|
## **9. Analysis of expenditure by activities**
|Church activities
Church activities|**Activities**
**undertaken**
**directly**
**2020**
**£**
26,481
_Activities_
_undertaken_
_directly_
_2019_
_£_
_43,165_|**Grant**
**funding of**
**activities**
**2020**
**£**
71,818
_Grant_
_funding of_
_activities_
_2019_
_£_
_67,203_|**Support**
**costs**
**2020**
**£**
424,282
_Support_
_costs_
_2019_
_£_
_342,775_|**Total**
**funds**
**2020**
**£**
**522,581**|
|---|---|---|---|---|
|||||_Total_
_funds_
_2019_
_£_
_453,143_|
Page 26
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Sunday school and youth work
Minibus costs
Church activities and events
Outreach
**Total 2020**
Sunday school and youth work
Minibus costs
Church activities and events
Outreach|**Church**
**activities**
**2020**
**£**
2,655
208
10,141
13,477
26,481
_Church_
_activities_
_2019_
_£_
_5,865_
_860_
_30,659_
_5,781_
_43,165_|**Total**
**funds**
**2020**
**£**
**2,655**
**208**
**10,141**
**13,477**
**26,481**|
|---|---|---|
|||_Total_
_funds_
_2019_
_£_
_5,865_
_860_
_30,659_
_5,781_
_43,165_|
Page 27
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Depreciation
Training
Premises costs
Postage and stationery
Advertising
Telephone
Equipment, repairs and software
Books
Legal and professional fees
Loan interest and bank charges
Travel and expenses
Loss on disposal of fixed assets
Sundry
Governance costs
**Total 2020**|**Church**
**activities**
**2020**
**£**
331,217
8,186
470
49,470
3,426
1,111
5,049
14,051
871
3,536
2,046
1,632
430
33
2,754
424,282|**Total**
**funds**
**2020**
**£**
**331,217**
**8,186**
**470**
**49,470**
**3,426**
**1,111**
**5,049**
**14,051**
**871**
**3,536**
**2,046**
**1,632**
**430**
**33**
**2,754**
**424,282**|
|---|---|---|
Page 28
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs (continued)**
|Staff costs
Depreciation
Training
Premises costs
Postage and stationery
Advertising
Telephone
Equipment, repairs and software
Books
Legal and professional fees
Loan interest and bank charges
Travel and expenses
Loss on disposal of fixed assets
Sundry
Governance costs|_Church_
_activities_
_2019_
_£_
_253,474_
_4,962_
_2,743_
_47,132_
_3,473_
_478_
_5,495_
_14,182_
_1,610_
_400_
_2,664_
_3,465_
_(100)_
_97_
_2,700_
_342,775_|_Total_
_funds_
_2019_
_£_
_253,474_
_4,962_
_2,743_
_47,132_
_3,473_
_478_
_5,495_
_14,182_
_1,610_
_400_
_2,664_
_3,465_
_(100)_
_97_
_2,700_
_342,775_|
|---|---|---|
## **10. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £2,754 ( _2019_ - _£2,700_ ).
## **11. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2020**
**£**
**298,538**
**19,792**
**33,401**
**351,731**|_2019_
_£_
_231,299_
_13,639_
_25,873_|
|---|---|---|
|||_270,811_|
Page 29
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **11. Staff costs (continued)**
The average number of persons employed by the charity during the year was as follows:
||**2020**|_2019_|
|---|---|---|
||**No.**|_No._|
|Employees|**22**|_23_|
No employee received remuneration amounting to more than £60,000 in either year.
In addition to paid positions, a significant number of members give generously of their time and skills, to help run the church, as volunteers.
## **12. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2020
Additions
Disposals
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
On disposals
At 31 December 2020
**Net book value**
At 31 December 2020
_At 31 December 2019_
**Stocks**
Finished goods and goods for resale|**Motor**
**vehicles**
**£**
**600**
**850**
**(600)**
**850**
**50**
**248**
**(170)**
**128**
**722**
_550_|**Fixtures and**
**fittings**
**£**
**17,079**
**5,365**
**-**
**22,444**
**2,836**
**3,740**
**-**
**6,576**
**15,868**
_14,243_|**Computer**
**equipment**
**£**
**13,926**
**13,839**
**-**
**27,765**
**2,076**
**4,318**
**-**
**6,394**
**21,371**
_11,850_
**2020**
**£**
**6,438**|**Total**
**£**
**31,605**
**20,054**
**(600)**
**51,059**|
|---|---|---|---|---|
|||||**4,962**
**8,306**
**(170)**
**13,098**|
|||||**37,961**|
|||||_26,643_|
|||||_2019_
_£_
_6,141_|
## **13. Stocks**
Page 30
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **14. Debtors**
|**Due within one year**
Other debtors
Prepayments and accrued income
Tax recoverable
Grants receivable|**2020**
**£**
**1,127**
**7,386**
**5,899**
**2,564**
**16,976**|_2019_
_£_
_1,144_
_9,355_
_5,787_
_-_|
|---|---|---|
|||_16,286_|
Page 31
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **15. Creditors: Amounts falling due within one year**
|Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2020**
**£**
**5,917**
**4,617**
**5,989**
**2,195**
**4,680**
**23,398**|_2019_
_£_
_5,599_
_5,692_
_6,183_
_1,167_
_7,568_|
|---|---|---|
|||_26,209_|
## **16. Creditors: Amounts falling due after more than one year**
|Bank loans
Other creditors|**2020**
**£**
**5,402**
**50,000**
**55,402**|_2019_
_£_
_11,357_
_50,000_|
|---|---|---|
|||_61,357_|
Page 32
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **17. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
**Designated funds**
Church Plant Fund
Missions
Pastoral Housing Assistance
**General funds**
General Fund
**Total Unrestricted funds**|**Balance at 1**
**January**
**2020**
**£**
**64,767**
**6,265**
**66,456**
**137,488**
**33,505**
**170,993**|**Income**
**£**
**13,411**
**31,513**
**-**
**44,924**
**652,321**
**697,245**|**Expenditure**
**£**
**(39,063)**
**(21,422)**
**-**
**(60,485)**
**(500,311)**
**(560,796)**|**Transfers**
**in/out**
**£**
**-**
**(4,280)**
**(66,456)**
**(70,736)**
**70,736**
**-**|**Balance at**
**31**
**December**
**2020**
**£**
**39,115**
**12,076**
**-**
**51,191**|
|---|---|---|---|---|---|
||||||**256,251**|
||||||**307,442**|
Page 33
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **17. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Church Plant Fund
Missions
Pastoral housing assistance
**General funds**
General Fund
**Total Unrestricted funds**
**Restricted funds**
Building Fund
**Total of funds**|_Income_
_£_
_12,049_
_25,996_
_-_
38,045
_621,176_
659,221
_420_
_659,641_|_Expenditure_
_£_
_(15,873)_
_(29,162)_
_-_
(45,035)
_(443,613)_
(488,648)
_-_
_(488,648)_|_Transfers_
_in/out_
_£_
_68,591_
_9,431_
_66,456_
_144,478_
_(144,058)_
_420_
_(420)_
_-_|_Balance at_
_31_
_December_
_2019_
_£_
_64,767_
_6,265_
_66,456_
_137,488_|
|---|---|---|---|---|
|||||_33,505_|
|||||_170,993_|
|||||_-_|
|||||_170,993_|
The restricted funds comprise:
The building fund was established to receive funds specifically for the extension and renovation of the building and has been used towards the repayment of the loan relating to those works.
Page 34
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **18. Summary of funds**
## **Summary of funds - current year**
|Designated funds
General funds|**Balance at 1**
**January**
**2020**
**£**
**137,488**
**33,505**
**170,993**|**Income**
**£**
**44,924**
**652,321**
**697,245**
_Income_
_£_
_38,045_
_621,176_
_420_
_659,641_|**Expenditure**
**£**
**(60,485)**
**(500,311)**
**(560,796)**
_Expenditure_
_£_
_(45,035)_
_(443,613)_
_-_
_(488,648)_|**Transfers**
**in/out**
**£**
**(70,736)**
**70,736**
**-**
_Transfers_
_in/out_
_£_
_144,478_
_(144,058)_
_(420)_
_-_|**Balance at**
**31**
**December**
**2020**
**£**
**51,191**
**256,251**
**307,442**|
|---|---|---|---|---|---|
||||||_Balance at_
_31_
_December_
_2019_
_£_
_137,488_
_33,505_
_-_
_170,993_|
|**Summary of funds - prior year**||||||
|Designated funds
General funds
Restricted funds||||||
## **19. Analysis of net assets between funds Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2020**
**£**
Tangible fixed assets
37,961
Current assets
348,281
Creditors due within one year
(23,398)
Creditors due in more than one year
(55,402)
**Total**
307,442|**Total**
**funds**
**2020**
**£**
**37,961**
**348,281**
**(23,398)**
**(55,402)**
**307,442**|
|---|---|
Page 35
## **DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**20.**
**Reconciliation of net movement in funds to net cash flow from operating activities**
**2020**
**£**
Net income for the period (as per Statement of Financial Activities)
**136,449**
**Adjustments for:**
Depreciation charges
**8,306**
Loss on the sale of fixed assets
**430**
Increase in stocks
**(297)**
Increase in debtors
**(690)**
Increase/(decrease) in creditors
**(3,128)**
**Net cash provided by operating activities**
**141,070**
**21.**
**Analysis of cash and cash equivalents**
**2020**
**£**
Cash in hand
**324,867**
**Total cash and cash equivalents**
**324,867**
**22.**
**Analysis of changes in net debt**
**At 1**
**January**
**2020**
**Cash flows**
**£**
**£**
Cash at bank and in hand
**209,489**
**115,378**
Debt due within 1 year
**(5,599)**
**(318)**
Debt due after 1 year
**(11,357)**
**5,955**
**192,533**
**121,015**|_2019_
_£_
_170,993_
_4,962_
_-_
_(6,141)_
_(16,286)_
_20,610_
_174,138_
_2019_
_£_
_209,489_
_209,489_
**At 31**
**December**
**2020**
**£**
**324,867**
**(5,917)**
**(5,402)**
**313,548**|
|---|---|
Page 36
**DANBURY MISSION CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **23. Pension commitments**
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £33,401 (2019: £25,873). Contributions totalling £653 (2019: £Nil) were payable to the fund at the balance sheet date and are included in creditors.
## **24. Related party transactions**
During the period trustees and related parties gave a total of £37,114 (2019: £33,641) in donations to the charity.
During the period, 6 trustees received reimbursement of expenses amounting to £3,354 (2019: £6,819).
During the period 3 trustees (S Medcroft, D Hartwell, J Massie) received remuneration for their roles as Pastors, and a number of related parties received remuneration for their roles within administration and cleaning as follows :-
Wages - £114,719 (2019: £94,064) Pension contributions - £19,784 (2019: £12,683) Benefits in kind - £1,677 (2019: £839) Rental contributions - £24,134 (2019: £21,558) College, training fees and sponsorship - £2,187 (2019: £1,090) Council tax and telephone - £3,693 (2019: £4,142)
The authority for the remuneration of trustees can be found in the Constitution of the Charity.
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