| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-30 |
| The following pages do not form part of the statutory financial statements: | |
| Detailed income and expenditure account and summaries | 31 -33 |
| Trustees | Rev James East, Senior Minister (resigned 30 June 2020) |
|---|---|
| Rev Timothy Clarke-Wood, Associate Minister (resigned 31 August 2020) | |
| John Brock, Deacon | |
| Sharon Chaldecott, Deacon | |
| Geoff Warren, Deacon | |
| Dr Kenjiro Hori, Deacon (appointed 31 March 2020, resigned 17 November 2020) | |
| Dr Kenjiro Hori, Church Treasurer (appointed 17 November 2020) | |
| Christine Thomason, Deacon (appointed 17 March 2020, resigned 17 November 2020) |
|
| Christine Thomason, Church Secretary (appointed 17 November 2020) | |
| Jack Boyns, Deacon (appointed 17 March 2020) | |
| Charity registered | |
| number | 205094 & 223171 |
| Principal office | St Andrew's Street Baptist Church |
| St Andrew's Street | |
| Cambridge | |
| Cambridgeshire | |
| CB2 3AR | |
| Independent examiner | Whiting & Partners |
| Chartered Accountants | |
| Greenwood House | |
| Greenwood Court | |
| Skyliner Way | |
| Bury St Edmunds | |
| Suffolk | |
| IP32 7GY | |
| Bankers | Lloyds Bank pic |
| 3 Sidney Street | |
| Cambridge | |
| CB2 3HQ | |
| Solicitors | Nockolds |
| Market Square | |
| Bishop's Stortford | |
| Hertfordshire | |
| CM23 3UZ |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2020 Note £ |
2020£ | 2020£ | 2019£ | ||
| Income from: | |||||
| Donations and legacies | 3 | 69,005 | 20,093 | 89,098 | 95,802 |
| Investments | 4 | 145,872 | 145,872 | 197,300 | |
| Other income | 5 | 9,538 | 9,538 | 99 | |
| Total income | 224,415 | 20,093 | 244,508 | 293,201 | |
| Expenditure on: | |||||
| Charitable activities | 6 | 206,375 | 38,855 | 245,230 | 301,719 |
| Total expenditure | 206,375 | 38,855 | 245,230 | 301,719 | |
| Net income/(expenditure) before net | |||||
| (losses)/gains on investments | 18,040 | (18,762) | (722) | (8,518) | |
| Net (losses)/gains on investments | 14 | (10,328) | (10,328) | 12,529 | |
| Net income/(expenditure) Transfers between funds |
18 | 7,712 (8,172) |
(18,762) 8,172 |
(11,050) | 4,011 |
| Net movement in funds | (460) | (10,590) | (11,050) | 4,011 | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 3,546,555 | 2,752,918 | 6,299,473 | 6,295,462 | |
| Net movement in funds | (460) | (10,590) | (11,050) | 4,011 | |
| Total funds carried forward | 3,546,095 | 2,742,328 | 6,288,423 | 6,299,473 |
| Note | 2020£ | 2020£ | 2019 £ |
2019£ | |
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible assets | 10 | 4,533,136 | 4,534,589 | ||
| Investment property | 11 | 960,000 | 960,000 | ||
| Investments | 12 | 105 | 105 | ||
| 5,493,241 | 5,494,694 | ||||
| Current assets | |||||
| Debtors: amounts falling due after more than one year 13 |
10,000 | ||||
| Debtors: amounts falling due within one year 13 | 22,319 | 18,120 | |||
| Investments 14 | 130,815 | 141,143 | |||
| Cash at bank and in hand | 671,571 | 707,707 | |||
| 834,705 | 866,970 | ||||
| Creditors: amounts falling due within one year 15 |
(10,878) | (17,335) | |||
| Net current assets | 823,827 | 849,635 | |||
| Total assets less current liabilities | 6,317,068 | 6,344,329 | |||
| Defined benefit pension scheme liability 21 | (28,645) | (44,856) | |||
| Total net assets | 6,288,423 | 6,299,473 | |||
| Charity funds | |||||
| Restricted funds | 18 | 2,742,328 | 2,752,918 | ||
| Unrestricted funds | 18 | 3,546,095 | 3,546,555 | ||
| Total funds | 6,288,423 | 6,299,473 |
| Unrestricted Restricted Total Total | Unrestricted Restricted Total Total | Unrestricted Restricted Total Total | Unrestricted Restricted Total Total | |
|---|---|---|---|---|
| funds funds | funds funds | |||
| 2020 | 2020 | 2020 2019 | ||
| £ | £ | £ | £ | |
| Donations | 58,986 | 750 | 59,736 | 82,171 |
| Tax reclaimed on Gift Aid | 10,019 | 10,019 | 13,631 | |
| Grants | 19,343 | 19,343 | ||
| Total 2020 | 69,005 | 20,093 | 89,098 | 95,802 |
| Total 2019 | 94,826 | 976 | 95,802 |
| Investment income | ||
|---|---|---|
| Unrestricted Restricted Total Total | ||
| funds funds funds | funds | |
| 2020 2020 2020 | 2019 | |
| £ £ £ | £ | |
| Rental income | 143,178 143,178 |
192,460 |
| Interest | 2,694 2,694 |
4,840 |
| Total 2020 | 145,872 145,872 |
197,300 |
| Total 2019 | 197,300 197,300 |
| Other income | ||
|---|---|---|
| Unrestricted Restricted Total Total | ||
| funds funds funds funds | ||
| 2020 2020 2020 2019 | ||
| £ £ £ | £ | |
| Sizewell | (1,150) (1,150) |
(591) |
| Friday Focus | 289 289 |
690 |
| Government grants receivable | 10,399 10,399 |
690 |
| Total 2020 | 9,538 9,538 |
99 |
| Total 2019 | 99 99 |
| aritable expenditure | ||||
|---|---|---|---|---|
| Unrestricted Restricted Total Total | ||||
| funds funds | funds | funds | ||
| 2020 | 2020 | 2020 | 2019 | |
| £ £ | £ | £ | ||
| Staff costs | 64,394 | 64,394 | 111,060 | |
| Premises costs | 41,762 | 10,060 | 51,822 | 79,604 |
| Missions and giving | 31,201 | 28,795 | 59,996 | 39,729 |
| Services and activities | 17,915 | 17,915 | 26,784 | |
| Total 2020 | 155,272 | 38,855 | 194,127 | 257,177 |
| Total 2019 | 250,108 | 7,069 | 257,177 |
| Governance and support costs | ||||
|---|---|---|---|---|
| Governance | Support | Total | Total | |
| Costs£ | Costs £ |
funds£ | funds£ | |
| Professional fees | 19,960 | 19,960 | 10,968 | |
| Accountancy fees | 6,260 | 6,260 | 655 | |
| Audit/independent exam | ||||
| Current year | 5,100 | 5,100 | 7,440 | |
| Prior year under provision | 60 | 60 | 120 | |
| Wages and salaries | 1,208 | 18,515 | 19,723 | 25,359 |
| Total 2020 | 26,328 | 24,775 | 51,103 | 44,542 |
| Total 2019 | 19,709 | 24,833 | 44,542 |
| Total expenditure | |||
|---|---|---|---|
| Unrestricted Restricted | Total | Total | |
| funds funds | funds | funds | |
| 2020 2020 £ £ |
2020£ | 2019£ | |
| Charitable expenditure | 155,272 38,855 |
194,127 | 257,176 |
| Governance and support costs | 51,103 | 51,103 | 44,542 |
| Total 2020 | 206,375 38,855 |
245,230 | 301,718 |
| Total 2019 | 294,649 7,069 |
301,718 |
| This is stated after charging: | ||
|---|---|---|
| 2020£ | 2019£ | |
| Depreciation of tangible fixed assets | 1,047 | 4,100 |
| Auditors/independent examiners remuneration | ||
| Current year | 5,100 | 7,440 |
| Prior year under provision | 60 | 120 |
| Staff costs | ||
|---|---|---|
| 2020 £ |
2019£ | |
| Wages and salaries | 86,428 | 115,477 |
| Social security costs | 6,850 | 10,013 |
| Employer's contribution to defined contribution pension schemes | 7,050 | 14,890 |
| Defined benefit pension deficit provision movement - note 21 | (16,210) | (3,959) |
| 84,118 | 136,421 |
| 2020 | 2019 | |
|---|---|---|
| No. | No. | |
| Charitable Activities | 5 | 5 |
| Land & Office | Land & Office | Heritage | ||
|---|---|---|---|---|
| Buildings equipment £ £ |
property £ |
Total £ |
||
| Cost or valuation | ||||
| Ati January 2020 | 1,062,036 | 101,993 | 3,469,036 | 4,633,065 |
| Disposals | (609) | (609) | ||
| At 31 December 2020 | 1,062,036 | 101,384 | 3,469,036 | 4,632,456 |
| Depreciation | ||||
| At 1 January 2020 | 98,476 | 98,476 | ||
| Charge for the year | 1,047 | 1,047 | ||
| On disposals | (203) | (203) | ||
| At 31 December 2020 | 99,320 | 99,320 | ||
| Net book value | ||||
| At 31 December 2020 | 1,062,036 | 2,064 3,469,036 | 4,533,136 | |
| At 31 December 2019 | 1,062,036 | 3,517 3,469,036 | 4,534,589 |
| 2020£ | 2019£ | |
|---|---|---|
| Purchase price | 992,036 | 992,036 |
| Probate value | 70,000 | 70,000 |
| 1,062,036 | 1,062,036 |
| Freehold | |
|---|---|
| investment | |
| property£ | |
| Valuation | |
| At 1 January 2020 | 960,000 |
| At 31 December 2020 | 960,000 |
| Other fixed | |
|---|---|
| asset | |
| investments£ | |
| Cost or valuation | |
| At 1 January 2020 | 105 |
| At 31 December 2020 | 105 |
| Net book value | |
| At 31 December 2020 | 105 |
| At 31 December 2019 | 105 |
| 2020 £ |
2019£ | |
|---|---|---|
| Due after more than one year | ||
| Other debtors | 10,000 |
| 2020£ | 2079 £ |
|
|---|---|---|
| Due within one year | ||
| Trade debtors | 6,886 | 9,277 |
| Other debtors | 1,500 | 1,500 |
| Prepayments and accrued income | 13,933 | 7,343 |
| 22,319 | 18,120 |
| 14. | Current asset investments | |
|---|---|---|
| 2020 2019 | ||
| £ £ | ||
| Listed investments | 130,815 141,143 |
| reditors: Amounts falling due within one year | ||
|---|---|---|
| 2020£ | 2019£ | |
| Other creditors | 2,225 | 2,275 |
| Accruals and deferred income | 8,653 | 15,060 |
| 10,878 | 17,335 |
| rovisions | ||
|---|---|---|
| 2020£ | 2019£ | |
| Defined benefit pension scheme deficit funding obligation: | ||
| Brought forward | 44,856 | 48,815 |
| Released to income and expenditure | (16,211) | (3,959) |
| Carried forward | 28,645 | 44,856 |
| inancial instruments | ||
|---|---|---|
| 2020£ | 2019 £ |
|
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 130,815 | 141,143 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||
| January | Transfers | Gains/ December | |||
| 2020 £ |
Income Expenditure £ £ |
in/out (Losses) 2020 £ £ £ |
|||
| Designated | |||||
| funds | |||||
| Property repairs | 93,976 | 93,976 | |||
| General funds | |||||
| General Funds - | |||||
| all funds | 3,395,243 | 224,415 | (206,375) | (8,172) | (10,328) 3,394,783 |
| Revaluation | |||||
| reserve | 57,336 | 57,336 | |||
| Total | |||||
| Unrestricted | |||||
| funds | 3,546,555 | 224,415 | (206,375) | (8,172) | (10,328) 3,546,095 |
| Restricted | |||||
| funds | |||||
| Nutter | 31,602 | (530) | 31,072 | ||
| Parsons | 1,564 | 1,564 | |||
| Manse | 1,294,162 | 1,294,162 | |||
| Building | 972,743 | (10,060) | 962,683 | ||
| Church building | |||||
| development | 11,377 | 11,377 | |||
| Revaluation | |||||
| reserve | 339,227 | 339,227 | |||
| Castle End | 93,336 | 93,336 | |||
| Janet Andrews | 6,883 | 6,883 | |||
| It Takes A City | 19,343 | (27,515) | 8,172 | ||
| Other restricted | |||||
| funds | 2,024 | 750 (750) | 2,024 | ||
| 2,752,918 | 20,093 | (38,855) | 8,172 | 2,742,328 | |
| Total of funds | 6,299,473 | 244,508 (245,230) | (10,328) 6,288,423 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 | ||||
| 1 January | Transfers Gains/ December | ||||
| 2019£ | Income Expenditure £ £ |
in/out (Losses) 2019 £ £ £ |
|||
| Designated | |||||
| funds | |||||
| Property repairs | 93,976 | 93,976 | |||
| Janet Andrews | |||||
| Fund | 7,108 | (225) | (6,883) | ||
| 101,084 | (225) | (6,883) | 93,976 | ||
| General funds | |||||
| General Funds - | |||||
| all funds | 3,384,914 | 292,225 (294,425) | ^2,529 3,395,243 | ||
| Revaluation | |||||
| reserve | 57,336 | 57,336 | |||
| Total | |||||
| Unrestricted | |||||
| funds | 3,543,334 | 292,225 (294,650) | f6,883; | ^2,529 3,546,555 | |
| Restricted | |||||
| funds | |||||
| Nutter | 32,116 | (514) | 31,602 | ||
| Parsons | 1,564 | 1,564 | |||
| Manse | 1,294,162 | 1,294,162 | |||
| Building | 978,033 | (5,290) | 972,743 | ||
| Church building development |
11,377 | 11,377 | |||
| Revaluation | |||||
| reserve | 339,227 | 339,227 | |||
| Castle End | 93,336 | 93,336 | |||
| Janet Andrews | 6,883 | 6,883 | |||
| Other restricted | |||||
| funds | 2,313 | 976 | (1,265) | 2,024 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 | ||||
| 1 January | Transfers | Gains/ | December | ||
| 2019 £ |
Income Expenditure £ £ |
in/out£ | (Losses) 2019 £ £ |
||
| Total restricted | |||||
| funds | 2,752,128 | 976 (7,069) |
6,883 | 2,752,918 | |
| Total of funds | 6,295,462 | 293,20-? (301,719) | 12,529 | 6,299,473 |
| Balance at | ||||
|---|---|---|---|---|
| Balance at 1 | 31 | |||
| January | Transfers Gains/ December | |||
| 2020 £ |
Income Expenditure £ £ |
in/out (Losses) 2020 £ £ £ |
||
| Designated | ||||
| funds | 93,976 | 93,976 | ||
| General funds | 3,452,579 | 224,415 | (206,375) | (8,172) (10,328) 3,452,119 |
| Restricted funds | 2,752,918 | 20,093 | (38,855) | 8,172 - 2,742,328 |
| 6,299,473 | 244,508 (245,230) | (10,328) 6,288,423 | ||
| Summary of funds - prior year | ||||
| Balance at | ||||
| Balance at | 31 | |||
| 1 January | Transfers Gains/ December | |||
| 2019£ | Income Expenditure £ £ |
in/out (Losses) 2019 £ £ £ |
||
| Designated | ||||
| funds | 101,084 | (225) | (6,883) - 93,976 | |
| General funds | 3,442,250 | 292,225 | (294,425) | 12,529 3,452,579 |
| Restricted funds | 2,752,128 | 976 | (7,069) | 6,883 - 2,752,918 |
| 6,295,462 | 293,201 (301,719) | 12,529 6,299,473 |
| nalysis of net assets between funds Analysis of net assets between funds - current |
period | |
|---|---|---|
| Unrestricted Restricted | Total | |
| funds funds | funds | |
| 2020 2020 £ £ |
2020£ | |
| Tangible fixed assets | 2,914,800 1,618,336 |
4,533,136 |
| Fixed asset investments | 105 | 105 |
| Investment property | 210,000 750,000 |
960,000 |
| Debtors due after more than one year | 10,000 | 10,000 |
| Current assets | 450,818 373,887 |
824,705 |
| Creditors due within one year | (10,878) | (10,878) |
| Provisions for liabilities and charges | (28,645) | (28,645) |
| Total | 3,546,095 2,742,328 | 6,288,423 |
| Analysis of net assets between funds - prior period | |
|---|---|
| Unrestricted Restricted Total | |
| funds funds funds | |
| 2019 2019 2019 | |
| £ £ £ | |
| Tangible fixed assets | 2,905,291 1,629,298 4,534,589 |
| Fixed asset investments | 105 105 |
| Investment property | 210,000 750,000 960,000 |
| Current assets | 493,453 373,5^5 866,968 |
| Creditors due within one year | (17,334) - (17,334) |
| Provisions for liabilities and charges | (44,856) - (44,856) |
| Total | 3,546,554 2,752, 918 6,299,4 72 |
| 2020£ | 2019 £ |
|
|---|---|---|
| Balance sheet liability at start of year | 44,856 | 48,815 |
| Deficiency contributions paid | (3,624) | (4,728) |
| Interest cost | 749 | 1,115 |
| Remaining change to balance sheet liability | (13,336) | (346) |
| Balance sheet liability at end of year | 28,645 | 44,856 |