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**Charity Registration No. 1187821**
## **HESKETH BANK CHRISTIAN CENTRE**
# **ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2020**
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## **HESKETH BANK CHRISTIAN CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Steven Barrett Geoffrey Chetwood Stuart Roberts Stuart Taylor **Charity number** 1187821 **Principal address** Moss Lane Hesketh Bank Preston PR4 6AA **Independent examiner** J A Fell & Company 40 Hoghton Street Southport PR9 0PQ
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## **HESKETH BANK CHRISTIAN CENTRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 - 17|
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## **HESKETH BANK CHRISTIAN CENTRE**
## **TRUSTEES' REPORT**
## _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
The Trustees present their report and financial statements for the Period ended 31 December 2020.
This Trustees report is a combined report for both the H esketh Bank Christian Centre (HBCF) and H esketh Bank Christian Centre CIO (HBCC CIO) charities.
The HBCC CIO was registered with the Charity Commission on the 6th February 2020 and new Trustees were appointed. Joint Trustee meetings have been held since the HBCC’s CIO registration. A transfer agreement was completed on 1st October 2020 when all assets and liabilities were transferred from HBCF to HBCC CIO.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Trust Deed , the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
HBCF charity’s objects and activities are:
To promote the Christian faith and provide charitable assistance both for those in need and for missionary works. The missionary works take place both within and outside the United Kingdom and the main aim is to bring a Christian philosophy to peoples' lives wherever this may be required. The policies and activities adopted in furtherance of these objects are:
## 1. Church services
The Church meets each Sunday for worship, teaching and ministry. We welcome all people who come to our services whether they are Christians or others exploring what faith in God means. We seek to love God, one another, our community and reach out to others with the love of Jesus. Our Sunday services encompass all ages, with children and young people, including those with additional needs, meeting for part of each service as YPC (Young People's Church).
## 2. Other meetings
Life Groups (small groups of individuals who support and encourage one another in the Christian faith) meet fortnightly during term times. Regular Alpha courses are held and also other outreach events.
## 3. Community Activities
The Church undertakes a great deal of community activities that benefit the wider public as well as the members of the Church itself. A family worker is employed to work with families and to help in children's early education. On four days per week mothers and pre-school children attend the Church to use the buildings. Some 70 to 80 parents attend through each week.
There are a number of activities for young people which take place throughout the week, and the main youth event is the Friday night youth club, 'The Hub', which is attended by over 70 young people, mostly from the local community. To lead this work the church employs a youth worker who is assisted by a team of volunteers.
Other groups use the facilities, for example Brownies, and facilities are also made available for other outside users where possible. The activities organised and supported by the church provide great public benefit in a Christian setting.
## 4. Practical support overseas
The charity supports other charities and groups (and sometimes provides visiting workers for them) working in various countries around the world, encompassing projects such as relief of poverty, education, care of orphans and abandoned children, practical assistance and training.
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## **HESKETH BANK CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The charity's policy is to consult and discuss with employees, through meetings, matters like to affect employees.
HBCC CIO charity’s objects are, for the public benefit:
1. The advancement of the Christian faith in such ways as the Charity Trustees may from time to time decide.
2. The relief of persons who are in need by reason of financial hardship, ill-health, unemployment or such other economic or social disadvantage in such ways as the Charity Trustees may from time to time decide.
The activities adopted in furtherance of these objects are:
Weekly public religious worship services, evangelistic events, financial support to specified Christian charities, working with young people and local schools to further knowledge of the Christian faith and support to parents/carers and their children and for those in difficulty for example, mental health issues, suffering isolation, those requiring pastoral support, those in poverty at Christmas.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
## _Review of 2020_
The activities of the Charities have been considerably affected by the Covid 19 Pandemic from March onwards.
In line with Government guidance, ‘in person’ weekly Sunday Church Services could not take place.
Some Church staff were placed on the Government furlough scheme.
Weekly Church online Church services were introduced which commenced on the 22 March, prepared by Church staff and members. These services were made available to Church members and those in the local Community via Facebook and YouTube links, which resulted in many more people than just the membership, accessing these services. These continued throughout the year from March. The Church was able to hold three ‘in person’ services in September, October and December and a ‘live streamed’ one in November, with just musicians and a speaker present.
Other Church activities have also taken place online including mid-week devotional talks and virtual zoom meetings for various groups, including Youth work run by our Church Youth Worker, some Life Groups and a WhatsApp ‘Bible Project’ Focus Group. Pastoral work has continued online, or by telephone and some doorstep visits, all in line with Government guidelines and restrictions.
As part of our community activities, our Church family worker, assisted by a small team of volunteers, has worked with families to help in delivering children’s early education sessions for which there has been a large demand. Covid restrictions have meant that it has not been possible to continue to meet throughout the year and some sessions have been produced for access online.
Towards the end of the year, as part of a local joint Churches initiative, food hampers were prepared from donations for families in particular need in the community before Christmas. These were then delivered through the local schools.
The Church has also supported Charitable causes with financial assistance. The Trustees have had regard to the Charity Commission guidance in deciding what activities the charity should undertake and ensuring that it complies with the Charities objectives. Help has been provided to a local Charity providing help for homeless and vulnerable young people, and also a Church in South Wales working with Asylum seekers.
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## **HESKETH BANK CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **Financial review**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to one month's expenditure which has been set at £12,000 . The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The policy was adopted in July 2020 and has not been breached since it's introduction.
During the year the charity received total income of £154,932 (2019 - £147,901) and recorded expenditure of £134,123(2019 - £152,913). This led to a surplus for the year of £20,809 (2019 - deficit £5,012) which led to total funds at the year end of £1,080,581 (2019 - £1,059,772).
## **Structure, governance and management**
**HBCF** is an unincorporated trust governed by a trust deed dated 19 August 1981. During the period, the Trustees completed steps towards changing the charity's structure to a Charitable Incorporated Organisation.
The Trustees who served during the year and up to the date of signature of the financial statements were: Geoffrey Chetwood Stuart Roberts Peter Ascroft (resigned 1 February 2021)
New trustees are appointed by the existing trustees in accordance with the Trust Deed.
Subsequent to the formation of HBCC CIO the HBCF charity was formally dissolved on 1 February 2021.
**HBCC CIO** is a Charitable Incorporated Organisation governed by the Constitution dated 7 February 2020. Assets and liabilities from HBCF were transferred to it on 1 October 2020 on completion of the Transfer Agreement.
Joint Trustee meetings of HBCF and HBCC CIO were held from the formation of HBCC CIO.
The Trustees who served during the Period and up to the date of signature of the financial statements were: Steven Barrett
Geoffrey Chetwood Stuart Roberts Stuart Taylor Peter Ascroft (Resigned 1 February 2021)
New trustees are appointed by the existing trustees in accordance with the Constitution.
The church is run by a Leadership team, which in the past has been comprised of the Pastor and Elders, who together exercise spiritual and practical leadership. During any periods when a pastor is not employed, the team of Elders runs the church. During the period three of the Elders held the roles of part-time Pastors. The trustees retain responsibility for legal matters such as employment and health and safety.
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## **HESKETH BANK CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
The Trustees' r eport was approved by the Board of Trustees.
Steven Barrett **Trustee** Dated: 24 August 2021
Geoffrey Chetwood **Trustee** Dated:24 August 2021
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## **HESKETH BANK CHRISTIAN CENTRE**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
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 and 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 the incoming resources and application of resources of the charity 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 in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that 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 trust deed. 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.
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## **HESKETH BANK CHRISTIAN CENTRE**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF HESKETH BANK CHRISTIAN CENTRE**
I report on the financial statements of the charity for the Period ended 31 December 2020, which are set out on pages 7 to 17.
## **Respective responsibilities of Trustees and examiner**
The charity’s Trustees are responsible for the preparation of the financial statements. The charity's Trustees consider that an audit is not required for this Period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- (i) examine the financial statements under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and
- (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
- have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Oliver Grills FCA J A Fell & Co 40 Hoghton Street Southport PR9 0PQ
Dated: 16 September 2021
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## **HESKETH BANK CHRISTIAN CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
142,831
-
Charitable activities
**4**
4,533
-
Other trading activities
**5**
230
-
Investments
**6**
7,338
-
**Total income**
154,932
-
**Expenditure on:**
Charitable activities
**7**
133,112
-
Property refurbishment
**11**
-
1,011
**Total resources**
**expended**
133,112
1,011
Gross transfers
between funds
-
-
**Net income/(expenditure)**
**for the year/**
**Net movement in funds**
21,820
(1,011)
Fund balances at 9
December 2019
1,054,649
5,123
**Fund balances at 31**
**December 2020**
1,076,469
4,112|**Total**Unrestricted
funds
**2020**
2019
**£**
**£**
142,831
119,949
4,533
12,400
230
1,467
7,338
5,700
154,932
139,516
133,112
135,170
1,011
-
134,123
135,170
-
(654)
20,809
3,692
1,059,772
1,050,957
1,080,581
1,054,649|Restricted
funds
2019
**£**
7,692
-
693
-
8,385
913
16,830
17,743
654
(8,704)
13,827
5,123|Total
2019
**£**
127,641
12,400
2,160
5,700
147,901
136,083
16,830
152,913
-
(5,012)
1,064,784
1,059,772|
|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the Period.
All income and expenditure derive from continuing activities.
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## **HESKETH BANK CHRISTIAN CENTRE**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2020**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**15**
Unrestricted funds-general
Designated funds
**16**
General unrestricted funds|**2020**
**£**
**£**
1,042,645
6,138
32,848
38,986
(1,050)
37,936
1,080,581
4,112
4,604
1,071,865
1,076,469
1,080,581|**2019**
**£**
**£**
1,042,527
5,612
11,945
17,557
(312)
17,245
1,059,772
5,123
5,008
1,049,641
1,054,649
1,059,772|
|---|---|---|
The accounts were approved by the Trustees on 24 August 2021
Steven Barrett
**Trustee**
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **Charity information**
Hesketh Bank Christian Centre is a registered charity with a registered number of 511881 and is governed by a trust deed dated 19th August 1981.
## **1.1 Accounting convention**
These accounts have been prepared in accordance “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.3 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
## **1.4 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
|Freehold land and buildings|SL 15 years|
|---|---|
|Fixtures and fittings|10% Reducing Balance|
|Computers|25% Reducing Balance|
|Motor vehicles|25% Reducing Balance|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.6 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.7 Leases**
Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from:**
Donations and legacies
|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**£**
**£**
Donations and gifts
104,996
-
CJRS Grant
17,231
-
Gift aid recoverable
20,604
-
**For the Period ended 31 December 2020**
142,831
-
**For the Period ended 8 December 2019**
119,949
7,692
**Income from:**
Charitable activities
PEEP / Family / Youth Activities / WLTDO|**Total**
**2020**
**£**
104,996
17,231
20,604
142,831
**2020**
**£**
4,533|**Total**
**2019**
**£**
107,906
-
19,735|
|---|---|---|
|||127,641|
|||127,641|
|||**2019**
**£**
12,400|
- **4 Income from:** Charitable activities
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **5 Other trading activities**
||**Unrestricted**|Unrestricted|
Restricted|Total|
|---|---|---|---|---|
||**funds**|funds|
funds||
||**general**|general|||
||**2020**|2019|
2019|2019|
||**£**|£|
£|£|
|Fundraising events|230|1,467|
693|2,160|
|**Investments**|||||
||||**Unrestricted**|Unrestricted|
||||**funds**|funds|
||||**general**|general|
||||**2020**|2019|
||||**£**|£|
|Rental income|||7,338|5,700|
## **6 Investments**
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **7 Charitable activities**
|**Worship &**
**Ministry**
**£**
Staff costs
52,449
Meeting costs
2,375
Missionary Work & Donations
10,814
Household and travel
45
65,683
Share of support costs (see note 8)
24,002
Share of governance costs (see note
8)
2,663
92,348
**Analysis by fund**
Unrestricted funds - general
92,348
92,348
**For the Period ended 8 December 2019**
Unrestricted funds - general
85,257
Restricted funds
-
85,257|**PEEP &**
**WLTDO**
**YPC and**
**Youth**
**£**
**£**
11,713
16,556
1,284
302
-
-
-
-
12,997
16,858
4,749
6,160
-
-
17,746
23,018
17,746
23,018
17,746
23,018
26,992
22,921
913
-
27,905
22,921|**Total**
**2020**
**£**
80,718
3,961
10,814
45
95,538
34,911
2,663
133,112
133,112
133,112|**Total**
**2019**
**£**
73,763
8,792
7,771
2,227|
|---|---|---|---|
||||92,553
42,936
594|
||||136,083|
||||135,170
913|
||||136,083|
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **8 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Staff costs
-
-
Telephone
1,559
-
PPS / Advertising
5,419
-
Sundry
4,143
-
Bank Charges
380
-
Bank Loan Interest
1
-
Property Costs
16,109
-
Depreciation
2,748
-
Insurance
4,552
-
Legal and professional
-
2,663
34,911
2,663
Analysed between
Charitable activities
34,911
2,663|**2020**
**£**
-
1,559
5,419
4,143
380
1
16,109
2,748
4,552
2,663
37,574
37,574|**2019 Basis of allocation**
**£**
5,373
1,906
6,106
8,431
529
130
13,695
2,313
4,453
594 Governance
43,530
43,530|
|---|---|---|
Governance costs includes payments to the Independent Examiners of £ 0 (2019- £ 0 ) for independent examination fees.
## **9 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the Period.
## **10 Employees**
## **Number of employees**
The average monthly number of employees during the Period was:
||**2020**|**2019**|
|---|---|---|
||**Number**|**Number**|
|Charitable activities|6|6|
|**Employment costs**|**2020**|**2019**|
||**£**|**£**|
|Wages and salaries|79,704|77,894|
|Other pension costs|1,014|1,242|
||80,718|79,136|
No member of staff was paid in excess of £60,000 (2018 - none).
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **11 Property refurbishment**
Five19 Property refurbishment
## **12 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**Computers Motor vehicles**
**£**
**£**
**£**
**£**
**Cost**
At 9 December 2019
1,023,723
66,265
48,228
9,000
Additions
-
-
2,868
-
At 31 December 2020
1,023,723
66,265
51,096
9,000
**Depreciation and impairment**
At 9 December 2019
-
48,468
47,222
9,000
Depreciation charged in the Period
-
1,780
969
-
At 31 December 2020
-
50,248
48,191
9,000
**Carrying amount**
At 31 December 2020
1,023,723
16,017
2,905
-
At 8 December 2019
1,023,723
17,798
1,006
-
**Debtors**
**2020**
**Amounts falling due within one year:**
**£**
Gift aid receivable
4,250
Other debtors
1,888
6,138
**Creditors: amounts falling due within one year**
**2020**
**Notes**
**£**
Bank loans
-
Accruals and deferred income
1,050
1,050|**Total**
**£**
1,147,216
2,868|
|---|---|
||1,150,084|
||104,690
2,749|
||107,439|
||1,042,645|
||1,042,527|
||**2019**
**£**
5,612
-|
||5,612|
||**2019**
**£**
312
-|
||312|
## **13 Debtors**
## **14 Creditors: amounts falling due within one year**
- 14 -
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **15 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**|||||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Income**|**Resources**|**Transfers**|**Balance at**|**Resources**|**Balance at**|
||**9 December**|**received**|**expended**||**9 December**|**expended**|**31 December**|
||**2018**||||**2019**||**2020**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Who Let The Dads Out|259|-|(913)|654|-|-|-|
|five19|13,568|8,385|(16,830)|-|5,123|(1,011)|
4,112|
||13,827|8,385|(17,743)|654|5,123|(1,011)|
4,112|
The restricted fund for Who Let the Dads Out relates to a grant received to support this specific activity within the church.
five19 is a fund set up to resource the refurbishment of the older church buildings and support a programme of repairs to improve the facilities.
- 15 -
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
## **16 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
||||||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Resources**|**Transfer from**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**9 December**|**expended**|**general funds**|**9 December**|**resources**|**expended**|**31 December**|
||**2018**|||**2019**|||**2020**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Compassion|-|(3,060)|
3,325|265|-|(265)|
-|
|Eden Netherton|-|(1,000)|
3,325|2,325|-|(2,325)|
-|
|Local|966|(210)|
1,662|2,418|1,775|(1,115)|
3,078|
|Source of Hope|1,125|(1,125)|
-|-|-|-|-|
|Barnabus Fund|1,125|(1,125)|
-|-|-|-|-|
|SLEAP|-|-|-|-|3,550|(2,787)|
763|
|Tredegarville Baptist Church|-|-|-|-|3,550|(2,787)|
763|
||3,216|(6,520)|
8,312|5,008|8,875|(9,279)|
4,604|
The church allocates 10% of donated income to benefit others through donations to other charities and to assist with local needs.
- 16 -
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## **HESKETH BANK CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE PERIOD ENDED 31 DECEMBER 2020**_
|**17**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2020**
**2020**
**£**
**£**
Fund balances at
31 December
2020 are
represented by:
Tangible assets
1,042,645
-
Current assets/
(liabilities)
33,824
4,112
1,076,469
4,112|**Total**Unrestricted
funds
**2020**
2019
**£**
£
1,042,645
1,042,527
37,936
12,122
1,080,581
1,054,649|Restricted
funds
2019
£
-
5,123
5,123|Total
2019
£
1,042,527
17,245|
|---|---|---|---|
||||1,059,772|
- 17 -