## ## ## ## ||||||Page| |---|---|---|---|---|---| |Trustees'
annual
report (incorporating||the|director's|report)|| |Independent
examiner's
report to the||trustees|||| |Statement
offinancial
activities|(including||income and||| |expenditure
account)|||||| |Statement
offinancial
position|||||| |Notes to the financial statements|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year ended 33|Dece|mber 20|20||||| |---|---|---|---|---|---|---|---| ||||||2020||2019| |||||Unrestricted|Restricted||| |||||funds|funds|Total funds|Total funds| ||||Note||||E| |Income and endowments|||||||| |Donations
and legacies
Charitable
activities
Investment
income|||5
6
7|187,631
3581
188|27,178
21,731|214,809
25,312
188|1~I5,122
31,274
107| |Other income|||8|131||131|| |Total income||||191,531|48,909|240,440|176,503| |Expenditure|||||||| |Expenditure
on raising funds:|||||||| |Costs ofother trading
Expenditure
on charitable||activities
activities|9
10,11|128,887|19,221
27,178|19,221
156,065|22,313
169,243| |Total expenditure||||128,887|46,399|175,286|191,556| |Net income/{expenditure)||and net|||||| |movement
in funds||||62,644|2,510|65,154|(15,053)| |Reconciliation
offunds|||||||| |Total funds brought|forward|||710,425|5,426|715,851|730,904| |Total funds carried|forward|||773,069|7,936|781,005|715,851| ## ## ## ||||2020|2019| |---|---|---|---|---| |||Note||| |Fixed assets||||| |Tangible
fixed assets
Investments||18
19|16,570
500,000|19,593
500,000| ||||516,570|519,593| |Current assets||||| |Debtors
Cash at bank and
in hand||20|18,651
278,151|14,473
202,229| ||||296,802|216,702| |Creditors: amounts|falling due within one year|21|20,076|8,153| |Net current assets|||276,726|20'8,549| |Total assets less current liabilities|||793,296|72.8,142| |Creditors: amounts|falling due after more than one year|22|12,291|12,291| |Net assets|||781,005|715,851| |Funds ofthe charity||||| |Restricted
funds
Unrestricted
funds:|||7,936|5,426| |Revaluation
reserve
Other unrestricted
income funds|||441,902
331,167|441,902
268,523| |Total unrestricted
funds|||773,069|710,425| |Total charity funds||24|781,005|715,851| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total IFunds| |---|---|---|---|---|---|---| |||||Funds|Funds|2020| |||||E|E|| ||Legacies|||||| ||Legacy income|||89,237||89,237| ||Grants|||||| ||Grants receivable|||||| |||||187,631|27,178|2'I4,809| |||||Unrestricted|Restricted|Total Funds| |||||Funds
f|Funds
E|2019
E| ||Donations|||||| ||Donations
Gift Aid on Donations
Salary contributions|||101,616|11,706
3,500|113,322
3,500| ||Furlough|Grants||||| ||Legacies|||||| ||Legacy income|||||| ||Grants|||||| ||Grants receivable||||28,300|2.8,300| |||||101,616|43,506|145,122| |6.|Charitable|activities||||| |||||Unrestricted|Restricted|Total Funds| |||||Funds
f|Funds
E|2020| ||Income from Sim cards|||3,581|21,731|25,312| |||||Unrestricted|Restricted|Total l=unds| |||||Funds|Funds|2019| |||||E|E|E| ||Income from Sim cards||||31,274|31,274| |7.|Ilnvestrnent|income||||| ||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||Funds
f|2020
f|Funds
f|20'I9| ||Bank interest receivable||188|188|107|107| ## ## ## ## ## |8.|Other|income|||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2020|Funds|2019| |||||||E|| ||Sundry|Income||131|131||| |9.|Costs|ofother trading|activities||||| |||||Restricted|Total Funds|Restricted|Total Funds| |||||Funds|2020|Funds|2019| |||||E||E|E| ||Costs
costs|ofother trading|activities - Shop|19,221|19,221|22,313|22,313| |Expenditure
on charitable
activit|ies
by fund type||| |---|---|---|---| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2020| ||F|E|| |Port Ministry
Support costs|70,718
58,169|27,178|97,896
58,169| ||128,887|27,178|156,065| ||Unrestricted|Restricted|Total Funds| ||Funds|Funds|2019| |||E|| |Port Ministry
Support costs|8,697
59,012|99,502
2,032|108,199
61,044| ||67,709|101,534|169,243| ## |Expe|nditure
on charitable|activities
by activity type|||| |---|---|---|---|---|---| |||Activities|||| |||undertaken
directly|Support
costs|Total funds
2020|Total fund
2019| |||E|E||| |Port|Ministry|97,896|58,169|156,065|169,243| ## ## ## ## ## |12.|Analysis ofsupport c|o|sts|||||| |---|---|---|---|---|---|---|---|---| |||||||Analysis of||| |||||||support costs|Total 2020|Total 2019| ||Premises
General office
Finance costs
Governance
costs|||||F
13,953
?,096
32,402
3,178|13,953
7,096
32,402
3,178|E
'I3,495
3,214
42,399
1,936| |||||||56,629|56,629|61,044| |13.|Net income/{expenditure)|||||||| ||Net income/(expenditure)||is stated after||charging/(crediting):|||| ||||||||2020|2019| ||Depreciation
oftangible
fixed assets
Foreign exchange
differences||||||6,614|E
6,489
383| |14.|Independent
examination||fees|||||| ||||||||2020|2019| ||Fees payable
to the independent|||examiner||for:||E| ||Independent
examination
Other financial services||of the|financial|statements||1,500
300|1,50Q
72| ||||||||1,800|1,572| ## |Independent
examination
of the fi
Other financial services
Staff costs|nancial
state|nancial
state|ments|1,500
300
1,800|1,50Q
72
1,572|1,50Q
72
1,572| |---|---|---|---|---|---|---| |The total staff costs and employee|benefits for||the reporting|period are analysed as|follows:|| |||||2020||2Q19| |N/ages
and salaries
Employer
contributions
to pension
Other employee
benefits|plans|||28,008
1,847||E
29,409
1,908
2,838| |||||29,855||34,155| |The average
head count of employees
full-time
equivalent
employees
during||during
the year|the year was 3 (2019:3).The average
is analysed as follows:|||number
of| |||||2020||2019| |Number ofstaff - Administration
Number
ofstaff - Management||||No.
2
1||No.
2
1| |||||3||3| ## ## ## ## ## ## ## |18.|At the previous
year-end
250,000 was tr
to cover the deficit arising on that fund.
Tangible fixed assets|ansferred
from general
funds|to The Port Mi|nistry
Fund| |---|---|---|---|---| |||Motor||| |||vehicles|Equipment|Total| |||E|E|| ||Cost
At 1 January 2020
Additions|19,885|19,701
3,591|39,586
3,591| ||At 31 December 2020|19,885|23,292|43,177| ||Depreciation
At 1 January 2020
Charge for the year|13,790
1,524|6,203
5,Q90|'l9,993
6,614| ||At 31 December 2020|15,314|11,293|26,607| ||Carrying
amount
At 31 December 2020|4,571|11,999|16,570| ||At 31 December 2019|6,095|13,498|19„593| |19.|investments|||| ## ## ## ## ## ## |20.|currently
occu
Debtors|pied.|||| |---|---|---|---|---|---| |||||2020|20'I9| ||||||E| ||Prepayments|and accrued income||6,101|5,368| ||Other debtors|||12,550|9,105| |||||18,651|14,473| |21.|Creditors: amounts||falling due within one year||| |||||2020|2019| ||||||E| ||Accruals and|deferred|income|19,840|6,524| ||Social security|and other taxes|||1,329| ||Other creditors|||236|300| |||||20,076|8,153| |22.|Creditors: amounts||falling due after more than one year||| |||||2020|2019| |||||F|E| ||Other creditors|||12,291|12,291| ## ## ## ## ## ## |Unrestricted|Unrestricted|funds|funds|||||| |---|---|---|---|---|---|---|---|---| |||||At 01.01.20|Income|Expenditure|Transfers|At 31.1:2.2020| |||||E||E|E|E| |General funds
Revaluation
reserve||||268,523
441,902|191,531|(128,887)||331,167
441,902| |||||710,425|191,531|(128,887)||773,069| |||||At||||| |||||01.01.2019|Income|Expenditure|Transfers|At 31.12.19| ||||||E||E|E| |General funds
Revaluation
reserve||||284,509
441,902|101,723|(67,709)|{50,000)|268,523
441,9Q2| |||||726,411|101,723|{67,709)|{50,000)|7'I0,425| |Restricted|funds|||||||| |||||At||||| |||||01.01.2020|Income|Expenditure|Transfers|At 31.12.20| |||||E|E|E||E| |Restricted|Fund||1 - Port|||||| |Ministry||||5,426|48,909|(46,399)||7,936| |||||At||||At| |||||01.01.20'I9|Income|Expenditure|Transfers|31,12.2019| |||||||E||E| |Restricted|Fund||1 - Port|||||| |Ministry||||4,493|74,780|{123,847)|50,0QQ|5,426| ## ## ## ## |Analysis
of net as|se|ts betvireen funds|||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2020| ||||E|E|| |Tangible
fixed assets|||16,570||'16,570| |Investments|||500,000||500,000| |Current assets|||288,866|7,936|296,802| |Creditors less than|1|year|(20,076)||(20,076)| |Creditors greater than||1 year|(12,291)||{'I2,291)| |Net assets|||773,069|7,936|781,005| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2019| ||||E|E|E| |Tangible fixed assets||||6,095|6,095| |Investments|||513,498||5'I3,498| |Current assets|||216,?02||2'I6,702| |Creditors less than|1|year|(19,775)|{669)|(20,444)| |Creditors greater than||1 year|||| |Net assets|||710,425|5,426|715,851|