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|||Page||
|---|---|---|---|
|Report ofthe Trustees||1 to|3|
|Independent
Examiner's|Report|||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Cash Flow|Statement|||
|Notes tothe Financial Statements||9 to|16|
|Detailed Statement ofFinancial Activities||16||
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||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||||Notes|funds
f|funds
E|fundsf|
|INCOME AND|ENDOWMENTS||FROM|||||
|Donations
and|legacies||||108,096|6,154|114,250|
|Charitable
activities||||||||
|Premises
hire|||||6,154||6,154|
|Investment
income|||||32||32|
|Other income|||||1,723,883|2,108|1,725,991|
|Total|||||1,838,165|8,262|1,846,427|
|EXPENDITURE|ON|||||||
|Charitable
activities||||||||
|Ministry costs|||||21,491||21,491|
|Administrative|costs||||13,913||13,913|
|Establishment|costs||||60,971||60,971|
|Mission costs|||||7,044|15,003|22,047|
|Total|||||103,419|15,003|118,422|
|NET INCOME/(EXPENDITURE)|||||1,734,746|(6,741)|1,728,005|
|Transfers between
funds|||||(11,144)|11,144||
|Other recognised gains/(losses)||||||||
|Actuadial
gains|on defined|benefit schemes|||14,839||14,839|
|Net movement|in funds||||1,738,441|4,403|1,742,844|
|TOTAL FUNDS|CARRIED FORWARD||||1,738,441|4,403|1,742,844|
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
||Notes|E|E|E|
|FIXEDASSETS|||||
|Tangible assets||1,392,961||1,392,961|
|CURRENT ASSETS|||||
|Debtors|12|28,569||28,569|
|Cash at bank||352,959|4,403|357,362|
|||381,528|4,403|385,931|
|CREDITORS|||||
|Amounts
falling due within one year|13|(8,078)||(8,078)|
|NET CURRENT ASSETS||373,450|4,403|377,853|
|TOTAL ASSETS LESSCURRENT UABILITIES||1,766,411|4,403|1,770,814|
|PROVISIONS FOR LIABILITIES||(27,970)||(27,970)|
|NET ASSETS||1,738,441|4,403|1,742,844|
|FUNDS|15||||
|Unrestricted
funds||||1,738,441|
|Restricted funds||||4,403|
|TOTALFUNDS||||1,742,844|
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||Cash Flow|Cash Flow|Cash Flow|Statement|||
|---|---|---|---|---|---|---|
|forthe|Period 20December 2019to 5 A||||ril 2021||
|||||Notes|||
|Cash flows from operating|activities||||||
|Cash generated
from operations||||||1,782,742|
|Finance costs paid||||||(234)|
|Net cash provided
by operating
activities||||||1,782,508|
|Cash flows from investing|activities||||||
|Purchase oftangible fixed|assets|||||(1,425,178)|
|Interest received||||||32|
|Net cash (used in)/provided|by investing||activities|||{1,425,146)|
|Change
in cash and cash equivalents||in the|||||
|reporting
period||||||357,362|
|Cash and cash equivalents|at the beginning||||||
|ofthe reporting
period|||||||
|Cash and cash equivalents|at the end of||||||
|the reporting
period||||||357,362|
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|||||f|
|---|---|---|---|---|
|Mission costs||||22,047|
|The total grants paid to institutions|||during the period was as follows:||
|||||f|
|Overseas|Mission|||6,512|
|Overseas|child sponsorship|||224|
|Otherdonations||||310|
|Missionary|work- UK|||6,712|
|Trnity Trust- local schools||||1,100|
|Churches|Together|in Godalming||640|
|||||15,498|
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|STAFF|COSTS||
|---|---|---|
|||E|
|Wages|and salaries|22,837|
|Other|pension costs|2,049|
|||24,886|
|The average|monthly|number ofemployees|during the period was as follows:|
|---|---|---|---|
|Ministry||||
|Administration||||
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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|||||Fixtures||
||Freehold|Plant|and|and||
||property|machinery
f||fittings
f|Tota Is
f|
|COST||||||
|Additions|1,373,428||629|51,121|1,425,178|
|DEPRECIATION||||||
|Charge for year|23,890||105|8,222|32,217|
|NET BOOK VALUE||||||
|At 5 April 2021|1,349,538|524||42,899|1,392,961|
||||E|
|---|---|---|---|
|Transfer|from Godalming|Baptist Church (1127320)|1,421,599|
|Additions|in period||3,579|
|Total shown as additions||above|1,425,178|
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|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||
|---|---|---|---|
||||f|
|Other debtors|||21,197|
|Prepayments|and accrued income||7,372|
||||28,569|
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|The key financial assumptions|underlying|the valuations|were as follows|(Yo pa):||
|---|---|---|---|---|---|
|Type ofassumption:
RPI price inflation
assumption|||||Spa
3.20|
|CPI price inflation
assumption|||||2.70|
|Minimum
Pensionable
Income|increases|(CPI plus 0.75M|pa)||3.20|
|Assumed
investment
returns:||||||
|- Pre-retirement|||||2.95|
|- Post retirement|||||1.70|
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||||||20.12.19-|
|---|---|---|---|---|---|
||||||5.4.21|
||||||f|
|Liability transferred
from||Godalming|Baptist Church (1127320)at 6.8.20||44,469|
|Contributions|for the period||||(2,279)|
|Interest cost|||||619|
|Remaining
charge/(credit)||to Balance|Sheet(recognised|in SOFA)|(14,839)|
|Liability at 5|April 2021||||27,970|
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|MOVEMENT|IN|FUNDS||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
||||in funds|funds|5.4.21|
|||||f||
|Unrestricted|funds|||||
|General fund|||76,987|(11,144)|65,843|
|Church Premises||Fund|1,349,539||1349539|
|Legacy fund|||323,059||323,059|
||||1,749,585|(11,144)|1,738,441|
|Restdicted funds||||||
|Ambassadors'|Fund||(9,644)|11,144|1,500|
|Pastoral Fund|||2,387||2,387|
|Other restricted||donations|516||516|
||||(6,741)|11,144|4,403|
|TOTALFUNDS|||1,742,844||1,742,844|
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||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources
6|expended
f|losses
6|in funds
6|
|Unrestricted|funds||||||
|General fund|||141,677|(79,529)|14,839|76,987|
|Church Premises||Fund|1,373,429|(23,890)||1,349,539|
|Legacy fund|||323,059|||323,059|
||||1,838,165|(103,419)|14,839|1,749,585|
|Restricted funds|||||||
|Ambassadors'|Fund||2,980|(12,624)||(9,644)|
|Pastoral
Fund|||3,171|(784)||2,387|
|Other restricted||donations|2,111|(1,595)||516|
||||8,262|(15,003)||(6,741)|
|TOTALFUNDS|||1,846,427|(118,422)|14,839|1,742,844|
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