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2020-12-31-accounts

SWINDON CCRC TRUST

Annual report and accounts for the period ending 31 December 2020

Company registration no. 11178721 Charity no. 1181020

CONTENTS PAGE NO.
Reference and administrative details of the charity 2
Trustees report 3-7
Independent Examiners report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-14

PAGE 1

Swindon CCRC Trust, 114 East Wichel Way, Swindon, SN1 7AE Company registration no. 11178721. Charity no. 1181020

Reference and Administration Details

Swindon CCRC Trust is a charitable company limited by guarantee, incorporated on 30 January 2018 and registered as charity on 06 December 2018.

Charity name: Swindon CCRC Trust Charity no: 1181020 Company no: 11178721 Board of Trustees: Revd Joel Sales (Chair) Mrs Sarah Jackson (resigned 9/7/20) Mr Mark Elsdon-Dew (resigned 9/7/20) Mr Tom Morgan (resigned 9/7/20) Bishop Lee Rayfield (appointed 9/7/20) Mark Cains (appointed 9/7/20) Karen Reader (appointed 9/7/20) Revd Katharine Smith (appointed 9/7/20) Andrew Langley: treasurer (appointed 13/1/21) Company Secretary: Miss Katy Snowball Registered Office: 114 East Wichel Way Swindon SN1 7AE Independent Examiner: Derek Rodwell Impact the Future Ltd Bennett Verby 7 St Petersgate Stockport Cheshire SK1 1EB Principal Bankers: HSBC The Forum, Marlborough Road Swindon SN1 1QN

PAGE 2

Swindon CCRC Trust, 114 East Wichel Way, Swindon, SN1 7AE Company registration no. 11178721. Charity no. 1181020

Swindon CCRC Trust Trustees annual report for the period ending 31 December 2019

The Board of Trustees present their reports for Swindon CCRC Trust for the period ending 31 December 2020.

Structure, Governance and Management

Governing Documents

The organisation is a charitable company limited by guarantee, incorporated on 30 January 2018 and registered as a charity on 06 December 2018. Swindon CCRC Trust was established under a Memorandum of Association that establishes its objects and powers and is governed under its Articles of Association. Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in event of winding up.

Structure

The directors of the company are also charity trustees for the purpose of charity law. The Board of Trustees is responsible for the governance and management of the church. The responsibility for leadership of the church’s activities, development of its spiritual life and its daily management has been delegated to the senior leadership team who are supported in that role by the staff team including clergy. The Board of Trustees retains final decisions over policy, employment of staff and finance, and takes responsibility for all matters of legal and regulatory compliance.

Trustees give their time voluntarily and receive no financial benefit from the charity. Trustees are appointed by trustee members and can be appointed by ordinary resolution at a general meeting of members.

Decision Making

All financial and strategic decisions over £10,000 are taken by the entire Board of Trustees. Any financial and strategic decisions over £5,000 are taken by the senior leadership team. The organisational implementation of the strategy is carried out by senior leadership. The Revd Joel Sales fulfils the key day-to-day senior management role.

The salary of the key management role is paid by the diocese in accordance with the agreed salary structure of ordained personnel in the Church of England.

Training

All staff, volunteers and trustees undergo formal recruitment and selection process, followed by an induction period that includes any training considered necessary to effectively perform their role. Senior Leadership of the church consists of clergy, whose pay is set via stipend, the level of which is set by the Diocese.

Volunteers

PAGE 3

Swindon CCRC Trust, 114 East Wichel Way, Swindon, SN1 7AE Company registration no. 11178721. Charity no. 1181020

The church benefits from the dedicated work of a great number of volunteers. In accordance to FRS 102 and the Charities SORP (102), the economic contribution of general volunteers is not recognised in the accounts.

Objectives and Activities

Swindon CCRC Trust, acting under the name of Pattern Church, is an Anglican church, led by Revd Joel Sales who was commissioned by the Bishop of Bristol to plant a resource church in Swindon.

Our objectives are set in our governing documents, the Memorandum and Articles of Association, which was agreed by the Board of Trustees in December 2017.

Our objectives:

The advancement of the Christian religion principally:

The Board of Trustees is committed to the vision statement of the church to play our part in the reevangelisation of the nation, the revitalisation of the church and the transformation of society by ‘inviting people into family to serve Swindon’. In accordance with the vision statement, the church aims to meet its objectives through the provision of church services, courses and planting churches. Given the diversity of the church’s activities, performance is measured on a case by case basis.

Public Benefit

In accordance with our duties as stated in section 17(5) of the Charities Act, we have considered the guidance provided by the Charity Commission regarding public benefit. This public benefit has been demonstrated by the activities undertaken since inception of the charity outlined in this document.

Achievements and Performance

Since the charity was formed all decisions made and the structure put in place will help us deliver our vision; inviting people into family to serve Swindon

Highlights of the period 2020 include:

Baptism Service – In January 2020 we had Baptism Sunday and celebrated 10 people getting baptised, many of which a year previously had no relationship with Jesus.

Alpha - Alpha is a 11-week course and gives guests the opportunity to explore questions of faith and the meaning of life. Our Spring 2020 course was the biggest course we've run, with 55 people coming on the Alpha Weekend. Due to lockdown starting during this course, we finished the final 3 weeks via Zoom. Due to the success of this we started further courses in May, June, July and September 2020.

Building Work Completed – Phase 1 of the building work was completed in May 2020. From July we allowed people to come to the building to watch the livestream before relaunching Covid secure services from 20[th] September

PAGE 4

Swindon CCRC Trust, 114 East Wichel Way, Swindon, SN1 7AE Company registration no. 11178721. Charity no. 1181020

Sunday Services Online – Due to lockdown we moved our TEN and FOURTHIRTY services online. These services continued solely online from March to September 2020. From September 2020 we continued streaming our services online, whilst being filmed live from the building with congregation attending.

New Service Launched - In September 2020, we started the NINE. This service is an all age family service which allows families to come and do church together

Christmas 2020 – In December 2020, we hosted 4 carol services on one day. Two Family Carols and Christingle services in the morning, and two Alternative Carols in the evening. The 1030am and 6pm services were also streamed online. We also hosted a Christmas Day service.

Children and Youth – In January 2020 we had children and youth groups for those aged 2-4, 5-11 (Children groups) and school years 7-11 (Youth). From March – September, our Children’s Worker created weekly kids videos and resources. Our Youth Worker also created video content, as well as running a number of initiatives such as Youth Wednesdays Online. In November 2020, we started Youth PODs as an opportunity for Youth to gather and social on Zoom. These were a success and we saw Youth engage with Youth provision who hadn’t previously

Second birthday – We had a brilliant celebration on Wednesday 2 December 2020 to celebrate our second birthday. Due to lockdown, this was streamed online and featured highlight videos and Alpha Stories.

Social Action – We continued to partner with local charity ‘Safe Families for Children’ and encouraged our congregation to volunteer their time. We also signed up to the Love Your Neighbour programme and received funding to organise food provision, debt advice and a youth mentoring programme

Future Plans

Plans for 2021 include:

We look to continue with the Love Your Neighbour programme by organising Food provision for the Easter and Summer Holidays. We plan to launch the Swindon branch of Swindon Crosslight Debt Advice, and employ a part time coordinator for this.

In March 2021 we hope to be able to resume our in person services. Due to social distancing requirements we are exploring the idea of creating an ELEVENTHIRTY service to increase capacity.

We will continue with online Alpha, Youth and Pattern Groups until the summer term before moving in person from September if we're able.

We hope that church life will return to pre-COVID activity by September 2021 with no need for social distancing. If this is possible we will restart the FOURTHIRTY service as well as in person Alpha courses.

We are currently on track to launch our first Church Plant in September 2021.

Volunteers

Pre COVID19, Pattern Church used volunteers to help support all aspects of its ministry. Streaming services online meant there was minimal ways to include volunteers however any midweek event

PAGE 5

Swindon CCRC Trust, 114 East Wichel Way, Swindon, SN1 7AE Company registration no. 11178721. Charity no. 1181020

such as Alpha, Pattern Wednesdays or Youth Wednesdays could not be run without substantial volunteer teams.

Key risks and uncertainties

The principal risks and uncertainties that the trustees see as facing the charity and any subsidiaries include the ongoing responsibility of the financial cost of maintaining the Pattern Store as well as SDF grant funding for staff roles tapering throughout 2021. The trustees plans and strategies surrounding these risks include working closely with the Diocese to explore opportunities to apply for relevant grants as well as forecasting and budgeting for the increased financial responsibilities.

The trustees are aware of the impact of COVID-19 and the lockdown. While giving has not dropped since the beginning of the pandemic, we have not seen it increase as we would have expected. While there are many practical risks due to COVID-19 we are responding proactively to the situation and have seen giving increase since lockdown, and new people connecting through online services.

Financial Review

In the period ended 31/12/20 the total income of the Trust came to £216k (2018-19 £589k) of which £44k (2018-19 £427k) was restricted.

Giving from the congregation totalled £180k (2018-19 £148k). Large grants from the SDF totalling £383k were recognised in 2018-19 (see note on income above) and £108k of these grants were spent in 2020.

There was a surplus on unrestricted funds of £77k (2018-19 £77k) with net reduction of restricted funds of £78k (2018-19 increase of £280k).

Total expenditure came to £217k (2018-19 £232k) of which £122k (2018-19 £147k) was restricted. Funds carried forward totalled £357k of which £202k was restricted.

The details behind these figures are shown in the attached financial statements.

Reserves Policy

The Board of Trustees are aware of the need to maintain sufficient reserves. The PCC aims to hold free reserves of at least 3 months of unrestricted expenditure. Free reserves at the end of 2020 totalled £119k (2018-19 £71k) representing about 5 1/2 months of 2021 budgeted unrestricted expenditure.

Safeguarding

The Board of Trustees have adopted the Diocese of Bristol’s safeguarding policy relating to children, young people and vulnerable adults and appointed Mr Alan Brownlie and Ms Karen Wallace as Safeguarding Officers. The Safeguarding Officers have completed the necessary diocese training courses in safeguarding young people and vulnerable adults.

The trustees are committed to the principles of best practice in relation to safeguarding and comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 in respect of

PAGE 6

Swindon CCRC Trust, 114 East Wichel Way, Swindon, SN1 7AE Company registration no. 11178721. Charity no. 1181020

having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The guidance can be read in full on the Church of England official website.

The Board of Trustees responsibilities in relation to the Financial Statements

Charity law requires the trustees, who are also directors, to prepare a statement of financial activities and statement of assets and liabilities for each financial year, which gives a true and fair view of the state of affairs of the church and of its financial activities for that year and adequately distinguishes any material special trust or any other restricted fund of the church. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the church, and to enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice, the Companies Act 2006 and the regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the Board of Trustees

Revd. Joel Sales Senior Leader and Chair of Trustees

Date:

PAGE 7

Swindon CCRC Trust, 114 East Wichel Way, Swindon, SN1 7AE Company registration no. 11178721. Charity no. 1181020

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Swindon CCRC Trust Ltd (Pattern Church, Swindon) ('the Company')

Independent examiner’s report to the Trustees of Swindon CCRC Trust Ltd.

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiners Statement

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

Signed:

Name: Derek Rodwell FCCA

(Fellow of the Chartered Association of Certified Accountants)

Address: Bennett Verby, 7 St Petersgate, Stockport, Cheshire, SK1 1EB Date: 29[th] September 2021

Page 8

SWINDON CCRC TRUST LTD (PATTERN CHURCH) STATEMENT OF FINANCIAL ACTIVITIES FOR THE 12 MONTHS ENDED 31ST DECEMBER 2020

Note
INCOME FROM:
Voluntary income
2
Income from charitable activities
Alpha weekend and other income
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
Youth & Children
Alpha Courses
Worship & Services
Building/site costs
Focus & events
Social action and giving
Parish Share
TOTAL EXPENDITURE
3
NET INCOMING / (OUTGOING)
RESOURCES BEFORE INVESTMENT GAINS AND LOSSES
Total brought forward
TOTAL FUNDS AT 31 DECEMBER 2020		 Unrestricted Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
funds
funds
12 months 12 months 12 months
14 months
14 months
14 months
2020
2020
2020
2018-19
2018-19
2018-19
£
£
£
£
£
£
169,089
44,468
213,557
154,385
426,791
581,176
2,645
0
2,645
7,749
0
7,749
171,734
44,468
216,202
162,134
426,791
588,925
8,984
33,885
42,869
12,627
35,778
48,405
9,067
13,121
22,188
24,791
27,146
51,937
27,800
46,399
74,198
35,672
73,789
109,461
21,983
13,079
35,062
3,013
4,705
7,718
2,345
7,084
9,428
8,026
5,165
13,191
282
8,716
8,998
561
338
899
24,000
0
24,000
0
0
0
94,460
122,284
216,744
84,690
146,921
231,611
77,274
(77,816)
(542)
77,444
279,870
357,314
77,444
279,870
357,314
0
0
0
154,718
202,054
356,772
77,444
279,870
357,314

Page 9

SWINDON CCRC TRUST LTD (PATTERN CHURCH)

BALANCE SHEET AS AT 31 DECEMBER 2020

31ST DECEMBER 2020 31ST DECEMBER 2020 31ST DECEMBER 2019 31ST DECEMBER 2019
Note £ £ £ £
FIXED ASSETS
Tangible assets 4 99,637 99,637 6,029 6,029
CURRENT ASSETS
Sundry Debtors 5 150,991 270,209
Cash at bank 111,688 262,679 86,269 356,478
CREDITORS: amounts falling due within 12 months
6 (5,544) (5,544) (5,193) (5,193)
NET CURRENT ASSETS 257,135 351,285
NET ASSETS 356,772 357,314
STATEMENT OF FUNDS 8,9
Restricted funds 202,054 279,870
Unrestricted funds 154,718 77,444
TOTAL FUNDS 356,772 357,314

The notes on pages 11 to 14 form part of these financial statements.

For the period ended 31 December 2020, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Responsibilities of directors/trustees:

a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document.

b. The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of directors and signed on behalf of the board,

Signed Dated

Company registration number: 11178721

Page 10

SWINDON CCRC TRUST LTD (PATTERN CHURCH SWINDON) Notes to the accounts

For the period ended 31st December 2020

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019) - (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Swindon CCRC Trust Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The trustees consider that the Swindon CCRC Trust Ltd is a going concern and have accordingly prepared the accounts under the historical basis of accounting.

In its continued response to the Coronavirus pandemic, the Trustees have considered the likely impact on income in 2021 and have looked closely at income and expenditure estimates. The trustees are confident that with the continued support of the congregation, and appropriate management of expenditure, the church is a going concern and will continue to be financially viable for the foreseeable future.

Funds

General funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the church. Restricted funds are those donated for specific purposes.

Income

Voluntary income and capital sources

Donations and other income are recognised when received and an estimate of income tax recoverable is related donations are recognised.

Grants and legacies to the Trust are accounted for as soon as the church is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the church is probable.

Fixed assets

Additions and improvements to the newly acquired church premises are written off as incurred.

Only items costing £500 or above are capitalised. Fixed assets are depreciated on a straight line basis as follows:

Improvements to the buildings: 10 years Fixtures and fittings including electricals: 5 years Plant & machinery including sound and audio: 5 years Computer equipment: 3 years

Current assets

Amounts owing to the church at 31 December in respect of fees, rents or other income such as gift aid are shown as debtors less provision for amounts that may prove uncollectable.

Page 11

SWINDON CCRC TRUST LTD (PATTERN CHURCH)

NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDED DECEMBER 31ST 2020

2 VOLUNTARY INCOME
Planned giving
SDF grants
Other grants
Other donations
Loose plate collections
Gift aid tax		 Unrestricted Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
funds
funds
2020
2020
2020
2018-19
2018-19
2018-19
12 months
12 months 12 months
14 months
14 months
14 months
£
£
£
£
£
£
150,084
0
150,084
63,530
0
63,530
0
0
0
0
382,963
382,963
0
33,782
33,782
50,000
0
50,000
4,760
9,135
13,895
17,528
39,754
57,283
3,693
0
3,693
11,293
338
11,630
10,552
1,550
12,102
12,034
3,736
15,770
169,089
44,468
213,557
154,385
426,791
581,176
3
4
**5 **		 ALLOCATION OF EXPENDITURE
Direct
costs
Staff costs
Central
admin costs
Total costs
2020
2020
2020
2020
£
£
£
£
Youth & Children
4,478
34,638
3,753
42,869
Alpha Courses
7,377
13,363
1,448
22,188
Worship & Services
26,210
43,298
4,691
74,198
Building/site costs
27,863
6,495
704
35,062
Focus & events
1,403
7,241
785
9,428
Giving & social action
6,599
2,165
235
8,998
Parish Share
24,000
0
0
24,000
97,931
107,199
11,614
216,744
Allocation of staff costs including training,expenses, etc
107,199
(107,199)
0
Allocation of central admin costs
11,614
(11,614)
0
Totals
216,744
0
0
216,744
TANGIBLE FIXED ASSETS
Fixtures &
Plant &
IT
Total
fittings
machinery
equipment
£
Assets at cost
Opening balance
0
3,574
4,248
7,822
Purchases
24,682
80,525
2,017
107,224
Closing balance
24,682
84,099
6,265
115,046
Depreciation
Opening balance
0
477
1,316
1,793
Charge for the period
2,571
9,446
1,599
13,616
Closing balance on accumulated depreciation
2,571
9,923
2,915
15,409
Closing balance on fixed assets 31/12/19
0
3,097
2,932
6,029
Closing balance on fixed assets 31/12/20
22,111
74,176
3,350
99,637
DEBTORS
2020
2019
£
£
Gift aid accrued
481
15,770
Prepayments
1,938
9,107
2020 income banked in 2021
11,973
0
SDF grant receivable for salaries & set up
136,599
245,332
150,991
270,209

Page 12

SWINDON CCRC TRUST LTD (PATTERN CHURCH)

NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDED DECEMBER 31ST 2020

6 CREDITORS

Amounts falling due within one year
Accounts payable
Accruals and deferred income		 2020
2019
£
£
88
0
5,456
5,193
5,544
5,193
**7 ** SALARIES
Analysis of payroll:
2020 2019
£ £
Gross pay 97,000 94,638
Employers NI (net of employment allowance) 4,559 3,676
Employers Pension 2,164 1,812
103,723 100,127

In the 12 months ending 31st December 2020 there were, on average, 4 people on staff (2018-19 4) representing an average FTE of 4 (2018-19 3.2). The key management role was filled by the Revd Joel Sales who received his salary from the diocese and received no emoluments or benefits in kind from the Swindon CCRC Trust. Expenses incurred on behalf of the church were refunded against receipts. No member of staff received renumeration of above £60,000

The church relies on a large team of voilunteers to enable all the ministries and outreach to function. In 2020 it is estimated that there were around 140 volunteers.

**8 ** STATEMENT OF FUNDS
Unrestricted Funds
Restricted funds
Grants and donations received
SDF grant towards salaries
Bursaries and gifts for Alpha Course
Gifts towards building and equipment costs
Beyond Hope grant for coronavirus response
Love Your Neighbour (including £16782 from CRT)
Other restricted gifts
Grants spent on fixed assets
SDF grant towards set-up costs
Growing Lives grant from Allchurches Trust: Slide
Gifts towards building and equipment costs
Total restricted funds
Total Funds		 2018-19
2018-19
2018-19
2020
2020
2020
2020
Opening
Incoming
Resources
Opening
Incoming
Resources
Balance
Balance
resources
expended
Balance
resources
expended
2020
£
£
£
£
£
£
£
0
162,134
(84,690)
77,444
171,734
(94,460)
154,718
0
312,991
(98,611)
214,380
(104,868)
109,512
0
8,493
(8,493)
0
49
(49)
0
0
3,916
0
3,916
7,855
(1,690)
10,081
0
0
0
0
6,000
(303)
5,697
0
0
0
0
19,564
(6,598)
12,966
0
798
(798)
0
0
326,198
(107,902)
218,296
33,468
(113,508)
138,256
0
69,972
(39,020)
30,952
(3,512)
27,440
0
0
0
0
11,000
(1,369)
9,631
0
30,622
0
30,622
0
(3,895)
26,727
0
100,594
(39,020)
61,574
11,000
(8,776)
63,798
0
426,792
(146,922)
279,870
44,468
(122,284)
202,054
0
588,926
(231,612)
357,314
216,202
(216,744)
356,772

Love your Neighbour

Love Your Neighbour is a national movement that supports churches to provide practical care and hope for the vulnerable in our communities. In particular, Pattern Church has partnered with Crosslight Advice to provide debt advice, Starting Point to provide youth mentoring to increase employability and started Boxes of Hope to provide food provision during school holidays.

SDF grant for salaries

The SDF has awarded grants of £312,991 towards the salaries costs of the staff at Pattern Church of which £98,611 were received in 2018-19 (including £7,454 that were paid through the Diocese before a bank account was set up). The full amount of the grant was recognised in the financial statements in 2018-19 when the amount of the grant was decided.

In these financial statements the balance of the grant of £312,991 at the start of 2020 was £214,380 and £104,868 was spent and claimed against the amount committed leaving £109,512 at the end of 2020. In 2021 the amount to be claimed will be £78,000 with the balance to be received in 2022.

A grant of £70k has been awarded by the SDF for set up costs of which £39,020 was spent up to 31st December 2019. The balance of £30,952 was received early in 2020 and spent on AV equipment and the church chairs.

Page 13

SWINDON CCRC TRUST LTD (PATTERN CHURCH)

NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDED DECEMBER 31ST 2020

9 ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds funds funds
2020 2020 2020 2019 2019 2019
£ £ £ £ £ £
Fixed assets 35,839 63,798 99,637 6,029 0 6,029
Current assets 124,423 138,256 262,679 76,608 279,870 356,478
Creditors due within one year (5,544) 0 (5,544) (5,193) 0 (5,193)
NET ASSETS 154,718 202,054 356,772 77,444 279,870 357,314

10 RELATED PARTIES

No parties related to the board of the Swindon CCRC Trust received any renumeration or benefits in kind in the period reported in these financial statements.

None of the trustees were reimbursed for expenses relating to services provided to the charity as trustees. Expenses incurred by trustees on behalf of the Trust were reimbursed against receipts

In the period ended 31st December 2020 £5,624 (2019 £5,116) was given by the trustees to the church.

11 INDEPENDENT EXAMINATION

A fee of £700 was accrued in the period for the independent examination and £700 for the preparation of the accounts.

Page 14