Charity Registration No. 223366
CHARLES THOMPSON'S MISSION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
CHARLES THOMPSON'S MISSION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs L Pugh Mrs G Mills Mr P McGrath
Charity number 223366 Principal address Hemingford Street Birkenhead Wirral CH41 4AP Independent examiner Jean Ellis BA FCA CTA DSG Castle Chambers 43 Castle Street Liverpool L2 9TL
CHARLES THOMPSON'S MISSION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 17 |
CHARLES THOMPSON'S MISSION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their report and financial statements for the year ended 31 December 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, 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) (effective 1 January 2019)".
Objectives and activities
The objectives of the Charity are to promote the diffusion of religious knowledge and thought throughout Birkenhead and the neighbouring area known as the Wirral and generally to assist and encourage the moral welfare of the citizens.
The Charity aims to express Christian love and compassion to men, women and children in the Birkenhead and wider Wirral area, and in particular, to those who are homeless, poor and needy. The policies adopted in furtherance of these objects are to invest in the relief and rescue work of the Mission discarding extraneous, core activities.
The Charity's main objectives for the coming year:-
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To identify and implement necessary changes due to COVID-19 restrictions
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To help the homeless and needy, many with addiction problems.
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Provide food, clothing, bedding, furniture and toys to those in need.
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To inform supporters and the general public of our work.
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To provide for the physical and spiritual needs of the people we reach.
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To continue to build up contacts with local organisations
The Charity's strategy to achieve these objectives include:-
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Promoting the work locally and nationally, for prayer and material support, by taking deputation meetings in local churches, schools and local organisations.
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Providing a safe environment for staff, volunteers and customers.
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Promoting the work through the internet and social media.
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Producing newsletters and reports for our supporters.
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Recruiting additional volunteer workers.
Public Benefit
The trustees confirm that they referred to the guidance contained in the Charity Commissions 'General guidance on public benefit' when reviewing the Missions aims and objectives and in the planning of activities.
Volunteers
The Charity makes considerable use of volunteers in the course of its activities at the Mission. Duties include assisting in the preparation and serving of food, washing dishes and clearing up, sorting tinned foods and giving these out to those in need. Some volunteers also assist in an annual children's camp. A number of new volunteers were recruited during the year and we look to grow our pool of volunteers in the future. Most volunteers come from local churches, although not exclusively.
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CHARLES THOMPSON'S MISSION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Achievements and performance
COVID-19 and the ensuring Government restrictions had a significant impact on the services we were able to provide from our building during the various lockdown periods. We were able to share from our stock of resources - food, clothing, bedding, toiletries and other essential items with the emergency hub set up by the Council. This enabled us to continue to support those who were homeless, poor and needy, who would normally attend the Mission. Much of this work was undertaken by approved and dedicated volunteer support staff.
The following services were provided up until the COVID-19 restrictions came into force.
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The Mission opened Monday to Friday each week (excluding holidays), with up to 70 meals being served each day. Some days the number exceeds 100.
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The premises are made available to other user groups who reach out to the homeless community. As a result the Mission building is open 7 mornings a week with some additional openings in the evening.
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Luxury food hampers were distributed to nearly 400 Wirral families over the Christmas and New Year period and nearly 300 families received sacks of toys for children
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Clothing and emergency food parcels given to those identified as being in need.
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Bedding was provided throughout the year to homeless and needy people.
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Small furniture and household items were distributed to people in need.
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Liaison continues with the local authority social services referring needy people to us for help of various kinds.
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In addition to our daytime activities, we were able to open on a number of evenings throughout the year, offering hot meals and a warm refuge during the winter months. This was achieved with the help of various support groups.
Financial review
The Charity received incoming resources of £204,421 (2019: £162,146) and expended £162,593 (2019: £132,120) in the year. After adjusting for losses of £38,444 (2019: gains of £53,174) on investment assets, the resultant net income for the year was £3,384 (2019: £83,200).
The balance sheet of the Charity remains strong with a net asset value of £776,635 (2019: £773,251).
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 twenty four month’s expenditure. 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. This level of reserves has been maintained throughout the year.
No funds were materially in deficit during 2020.
The majority of funding emanates from donations from individuals, local organisations, churches, investment income, a number of sympathetic Trusts and occasional legacies. A number of individuals have engaged in personal fund raising events, nominating the Charity as the beneficiary. Costs are well managed, with costsavings examinations conducted regularly.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to those risks.
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CHARLES THOMPSON'S MISSION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Plans for future periods
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To continue to serve the people of Birkenhead and the Wirral.
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To recruit additional, train and retrain additional committed volunteers.
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To expand our range of services and minister to the well-bring of those in need.
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To recruit and retrain staff to provide appropriate services to meet new challenges in a post-COVID world
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To manage a well controlled budget.
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To partner with similar service providers to achieve our aim of helping people out of poverty.
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To continue to update policies, procedures and risk assessments.
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To continue to work alongside the Local Authority homeless and emergency food divisions and similar local service providers
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To improve communications with the general public and supporters through regular newsletters
Structure, governance and management
The Charity's governing document is the Dedication Scheme of 27th May 1968 as amended on 5th December 2017.
The Trustees who served during the year and up to the date of signature of the financial statements were: Mrs L Pugh Mrs G Mills Mr P McGrath
Recruitment and appointment of new trustees
New Trustees are appointed following nominations and voting by the existing Trustees. They must share a commitment to the Mission’s ethos and possess a balance of skills, good character and business acumen, and ideally, come from Birkenhead and the neighbouring area known as the Wirral.
Or ganisational structure
There were three Trustees at the end of the financial year. The Trustees are responsible for the finances of the charity and appointment of all employed staff. These decisions are made at the AGM or other meetings as required. The Mission Director has responsibility for overseeing the Mission and the pastoral welfare of the Mission staff, with a total of three full time three, two part time staff together with a varying number of approved volunteers. The Centre Manager organises the day-to-day running of the Mission.
Induction and training of new trustees
New Trustees undergo an induction process and receive copies of key/relevant documents from both the Charity Commission and Charles Thompson's Mission outlining the role and responsibilities of a Charity Trustee.
Remuneration policy
The Trustees have responsibility for setting the pay and remuneration of the charity’s key personnel and this is done on an annual basis, including a formal cost of living review. Salaries are benchmarked with other similar organisations across the sector .
Investment policy
The investment policy of the charity is cautious and ethical. Discretionary power is given to Investec who act on the Mission's behalf within a specific remit agreed on an annual basis.
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CHARLES THOMPSON'S MISSION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Related parties
Charles Thompson's Mission maintains links and works in partnership with similar groups, mostly, but not exclusively affiliated with the City Mission Movement that networks around twenty city/town Missions in the British Isles, to establish and strengthen operational links. A meeting is held annually of the respective CEO's/ Mission Directors.
Mr P McGrath
Trustee Dated: 9 September 2021
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CHARLES THOMPSON'S MISSION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHARLES THOMPSON'S MISSION
I report to the Trustees on my examination of the financial statements of Charles Thompson's Mission (the charity) for the year ended 31 December 2020.
Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Jean Ellis BA FCA CTA DSG Castle Chambers 43 Castle Street Liverpool L2 9TL
Dated: 9 September 2021
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CHARLES THOMPSON'S MISSION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted Restricted funds funds 2020 2020 Notes £ £ Income and endowments from: Donations and legacies 3 129,023 10,000 Charitable activities 4 1,494 - Investments 5 16,371 - Other income 6 47,533 - Total income 194,421 10,000 Expenditure on: Raising funds 7 5,614 - Charitable activities 8 146,979 10,000 Total resources expended 152,593 10,000 Net gains/(losses) on investments 12 (38,444) - Net movement in funds 3,384 - Fund balances at 1 January 2020 773,251 - Fund balances at 31 December 2020 776,635 - |
TotalUnrestricted Restricted funds funds 2020 2019 2019 £ £ £ 139,023 137,188 6,667 1,494 - - 16,371 18,291 - 47,533 - - 204,421 155,479 6,667 5,614 5,992 - 156,979 119,461 6,667 162,593 125,453 6,667 (38,444) 53,174 - 3,384 83,200 - 773,251 690,051 - 776,635 773,251 - |
Total 2019 £ 143,855 - 18,291 - 162,146 5,992 126,128 132,120 53,174 83,200 690,051 773,251 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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CHARLES THOMPSON'S MISSION
BALANCE SHEET
AS AT 31 DECEMBER 2020
| Notes Fixed assets Tangible assets 13 Investments 14 Current assets Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2020 £ 19,745 46,901 66,646 (7,109) |
£ 299,520 417,578 717,098 59,537 776,635 776,635 776,635 |
2019 £ 7,661 164,290 171,951 (6,677) |
£ 156,460 451,517 607,977 165,274 773,251 773,251 773,251 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 9 September 2021
Mr P McGrath Trustee
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
Charity information
Charles Thompson's Mission is an unincorporated charity, controlled by its governing document ,the Dedication Scheme of 27th May 1968 as amended on 5 December 2017, The charity is based at Hemmingford Street, Birkenhead, Merseyside, CH41 4AP.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include investments at market value. The principal accounting policies adopted are set out below.
1.2 Going concern
As part of assessing the potential impact of the ongoing COVID 19 virus situation management have prepared revised financial forecasts for the charitable company.These forecasts indicate that the charitable company will continue to generate cash over the period considered by them in their assessment of the appropriateness of adopting the going concern basis in the preparation of these financial statements. Management has also considered the impact of potential operational challenges posed by COVID 19 and have concluded that any operational pressures caused directly by the COVID 19 situation are unlikely to have a material impact on the charitable company. On this basis the trustees consider it appropriate to prepare these financial statements on a going concern basis.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
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.
1.4 Income
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.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
1.5 Expenditure
All expenditure has been accounted for on an accruals basis.Expenditure is allocated to relevant activity categories on a basis that is consistent with the use of that resource. Support costs have been attributable to charitable activity in accordance with best estimates
1.6 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 property 2% straight line Property improvements 10% straight line Plant and machinery 15% straight line Computers Enter depreciation rate via StatDB - cd198 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.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
1.8 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 ) .
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13 Taxation
The Charity is generally not subject to taxation.
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 Donations and legacies
| Unrestricted Restricted funds funds 2020 2020 £ £ Donations and gifts 129,023 10,000 Charitable activities Charitable rental income Investments Income from listed investments |
TotalUnrestricted Restricted Total funds funds 2020 2019 2019 2019 £ £ £ £ 139,023 137,188 6,667 143,855 2019 2020 £ £ 1,494 - UnrestrictedUnrestricted funds funds 2020 2019 £ £ 16,371 18,291 |
|---|---|
4 Charitable activities
5 Investments
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
6 Other income
| Unrestricted funds 2020 £ Other income 10,343 CJRS Income 37,190 47,533 |
Total 2019 £ - - - |
|---|---|
7 Raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2020 | 2019 | |
| £ | £ | |
| Investment management | 5,614 | 5,992 |
| 5,614 | 5,992 |
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
8 Charitable activities
| Staff costs Depreciation and impairment Hire of plant and machinery Rent Telephone, rates, power & insurance Postage and stationery Sundries Motor and travel Welfare distribution and outings Repairs and maintenance Insurance Minibus hire Share of governance costs (see note 9) Analysis by fund Unrestricted funds Restricted funds Support costs Support costs Governance costs £ £ Accountancy,legal and professional fees - 3,424 - 3,424 |
2020 £ 3,424 3,424 |
2020 £ 92,238 13,169 1,745 720 11,697 - - 1,266 3,955 17,019 3,965 7,781 153,555 3,424 156,979 146,979 10,000 156,979 Support costs Governance costs £ £ - 2,550 - 2,550 |
2019 £ 91,243 7,682 2,547 720 9,127 266 2,445 3,009 2,345 1,423 2,771 - 123,578 2,550 126,128 119,461 6,667 126,128 2019 £ 2,550 2,550 |
|---|---|---|---|
9 Support costs
Governance costs includes payments to the independent examiner of £1,500 (2019: £1,200) for examination fees.
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
10 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or expenses during the year.
11 Employees
The average monthly number of employees during the year was:
| 2020 | 2019 | ||
|---|---|---|---|
| Number | Number | ||
| 5 | 5 | ||
| Employment costs | 2020 | 2019 | |
| £ | £ | ||
| Wages and salaries | 58,002 | 67,081 | |
| Social security costs | 633 | 3,471 | |
| Other pension costs | 33,603 | 20,691 | |
| 92,238 | 91,243 | ||
| No employees received emoluments in excess of £60,000. | |||
| Net gains/(losses) on investments | |||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Revaluation of investments | (14,456) | 49,375 |
|
| Gain/(loss) on sale of investments | (23,988) | 3,799 |
|
| (38,444) | 53,174 |
12 Net gains/(losses) on investments
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
13 Tangible fixed assets
| Cost At 1 January 2020 Additions At 31 December 2020 Depreciation and impairment At 1 January 2020 Depreciation charged in the year At 31 December 2020 Carrying amount At 31 December 2020 At 31 December 2019 |
Freehold property Property improvements Plant and machinery Computers Motor vehicles £ £ £ £ £ 136,844 89,087 58,603 - - 130,961 9,020 - 1,008 15,240 267,805 98,107 58,603 1,008 15,240 9,137 68,214 50,723 - - 5,356 3,221 1,970 336 2,286 14,493 71,435 52,693 336 2,286 253,312 26,672 5,910 672 12,954 127,707 20,873 7,880 - - |
Total £ 284,534 156,229 440,763 128,074 13,169 141,243 299,520 156,460 |
|---|---|---|
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
14 Fixed asset investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 January 2020 | 451,517 |
| Net additions/disposals | 86,022 |
| Valuation changes | (14,456) |
| Disposals | (105,505) |
| At 31 December 2020 | 417,578 |
| Carrying amount | |
| At 31 December 2020 | 417,578 |
| At 31 December 2019 | 451,517 |
Fixed asset investments are included at revalued amounts , being the market value of the shares at theyear end. The historical cost of the shares was £ 332,796 (201 9 : £ 352,882 ).
| 15 Financial instruments Carrying amount of financial assets Instruments measured at fair value through profit or loss 16 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income |
2020 £ 417,578 2020 £ 17,077 2,668 19,745 |
2019 £ 451,517 2019 £ 6,833 828 7,661 |
|---|---|---|
Included in other debtors is £11,165 relating to previously unclaimed employment allowances.
17 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Accruals and deferred income | 7,109 | 6,677 |
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CHARLES THOMPSON'S MISSION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
18 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 | ||||||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Balance at | Incoming | Resources | Balance at | ||
| resources | expended | 1 |
January 2020 | resources | expended | 31 December | |
| 2020 | |||||||
| £ | £ | £ | £ | £ | £ | ||
| Outreach worker salary | 6,667 | (6,667) | - |
10,000 | (10,000) | - |
Outreach worker salary - Funding provided by the Joseph Rank Trust to help fund the costs of the centre outreach worker.
19 Related party transactions
There were no disclosable related party transactions during the year (2019 - none).
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