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||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|
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|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|
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|||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|
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||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|
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||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||
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|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||
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|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||
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|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||
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|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||
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|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||
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|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|
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|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|
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||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|
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||Freehold|
|---|---|
||investment|
||property£|
|Valuation||
|At 1 January 2020|960,000|
|At 31 December 2020|960,000|
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||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|
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||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|
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|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|
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|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|
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|inancial instruments|||
|---|---|---|
||2020£|2019
£|
|Financial assets|||
|Financial assets measured at fair value through income and expenditure|130,815|141,143|
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||||||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|
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||||||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|
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||||||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|
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|||||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|
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|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|
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||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|
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