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|Auditor|Azets|Audit Services Limited|
|---|---|---|
||Triune|Court|
||Monks|Cross Drive|
||York||
||YO32|9GZ|
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|||Page|
|---|---|---|
|Trustees'
report||1-7|
|Statement
ofTrustees'|responsibilities||
|Independent
auditor's|report||
|Statement
offinancial|activities||
|Balance sheet||15|
|Statement
ofcash flows||16|
|Notes to the financial|statements|17-35|
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||||Unrestricted|Unrestricted|Restricted|Permanent|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||Notes|funds|funds|funds|endowment|2021|2020|
||||general|designated||funds|||
|In
m
fr m:|||||||||
|Donations
and|||||||||
|legacies|||1,281||269,271||270,552|315,399|
|Other trading|||||||||
|activities|||||12,027||12,027|25,201|
|Investments|||37,977||553||38,530|40,985|
|Total income|||39,258||281,851||321,109|381,585|
|Ex enditure on:|||||||||
|RRaisin
i funds|||||||||
|Fundraising
and|||||||||
|publicity|||7,763||1,557|17,818|27,138|29,585|
|Trading costs|||2,576||||2,576||
||||10,339||1,557|17,818|29,714|29,585|
|Charitable
activities|||||||||
|Spreading
the|||||||||
|gospel
in the UK|||21,187||196,641||217,828|236,531|
|Missionary
work|in||||||||
|Sierra Leone|||||83,758||83,758|119,835|
||||21,187||280,399||301,586|356,366|
|Total expenditure|||31,526||281,956|17,818|331,300|385,951|
|Net gains/(losses)|||||||||
|on investments||12||||80,880|80,880|(61,844)|
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|Net movement|in funds||7,732||(105)|63,062|70,689|(66,210)|
|---|---|---|---|---|---|---|---|---|
|Fund balances|at 1||||||||
|July 2020||23|60,371|329,819|254,138|4,847,087|5,491,415|5,557,625|
|Fund balances|at||||||||
|30June 2021||23|68,103|329,819|254,033|4,910,149|5,562,104|5,491,415|
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||||||||2021||2020||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|||||
|Fixed assets|||||||||||
|Tangible assets||||||14||4,017,686||4,023,639|
|Investment|properties|||||15||175,000||175,000|
|Investments||||||16||849,036||468,156|
|||||||||5,041,722||4,666,795|
|Current assets|||||||||||
|Debtors||||||17|22,307||28,893||
|Cash at bank||and|in|hand|||511,839||815,369||
||||||||534,146||844,262||
|Creditors:|amounts|||falling due within|||||||
|one year||||||18|(13,764)||(19,642)||
|Net current|assets|||||||520,382||824,620|
|Total assets||less|current liabilities|||||5,562,104||5,491,415|
|Funds|||||||||||
|Permanent|endowment||||funds|21||4,910,149||4,847,087|
|Restricted|funds|||||20||254,033||254,138|
|Unrestricted||funds|designated|||22||329,819||329,819|
|Unrestricted||funds|general|||||68,103||60,371|
|||||||||5,562,104||5,491,415|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||F||
|Cash flows from operating||activities||||||
|Cash absorbed
by operations|||26||(30,195)||(7,217)|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(11,865)||(33,582)||
|Purchase|of investments|||(300,000)||(530,000)||
|Investment|income received|||38,530||40,985||
|Net cash|used in investing|activities|||(273,335)||(522,597)|
|Net cash|used in financing|activities||||||
|Net decrease
in cash and||cash equivalents|||(303,530)||(529,814)|
|Cash and|cash equivalents|at beginning|ofyear||815,369||1,345,183|
|Cash and|cash equivalents|at end of|year||511,839||815,369|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||general|||general|||
|||2021|2021||2020|2020|2020|
|||F|F||F|F|F|
|Donations|and gifts|1,281|243,049|244,330|2,579|273,817|276,396|
|Grant income|||26,222|26,222||39,003|39,003|
|||1,281|269,271|270,552|2,579|312,820|315,399|
|Donations|and gifts|||||||
|Donations|and gifts|1,281|228,047|229,328|2,507|257,353|259,860|
|Other income|||438|438|72|2,610|2,682|
|Freewill offerings|||13,714|13,714||10,992|10,992|
|Donations|for other|||||||
|charities|||850|850||793|793|
|Associated|church|||||||
|organisations||||||2,069|2,069|
|||1,281|243,049|244,330|2,579|273,817|276,396|
|Restricted|Total|
|---|---|
|funds||
|2021|2020|
|F|F|
|12,027|25,201|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||general|||general|||
|||2021|2021||2020|2020|2020|
|||F|F||F|F|F|
|Rental|income|11,910||11,910|10,700||10,700|
|Interest|receivable|26,067|553|26,620|29,365|920|30,285|
|||37,977|553|38,530|40,065|920|40,985|
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|||Spreading|Missionary|Total|Spreading|Missionary|Total|
|---|---|---|---|---|---|---|---|
|||the gospel|work in|2021|the gospel|work in|2020|
|||in the UK|Sierra||in the UK|Sierra||
||||Leone|||Leone||
|||2021|2021|||2020||
|||F|F|F||F||
|Staff costs||75,592||75,592|69,038||69,038|
|Trustee
liability insurance||866||866|866||866|
|Postage, stationary|and|||||||
|telephone||48||48||||
|Travelling
expenses||65||65|1,516||1,516|
|Legal and professional||1,647||1,647|5,613||5,613|
|Property expenses||33,402||33,402|51,160||51,160|
|Church charitable||||||||
|expenses||48,260||48,260|68,811||68,811|
|Sundry expenses||3,839||3,839|5,803||5,803|
|Mission expenses|||83,758|83,758||119,835|119,835|
|||163,719|83,758|247,477|202,807|119,835|322,642|
|Grant funding
ofactivities||||||||
|(see note 8)||42,169||42,169|22,444||22,444|
|Share ofsupport costs||||||||
|(see note 9)||11,940||11,940|11,280||11,280|
|||217,828|83,758|301,586|236,531|119,835|356,366|
|Analysis
by fund||||||||
|Unrestricted
funds-||||||||
|general||21,187||21,187|28,567||28,567|
|Restricted funds||196,641|83,758|280,399|207,964|119,835|327,799|
|||217,828|83,758|301,586|236,531|119,835|356,366|
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|||||2021|2020|
|---|---|---|---|---|---|
|Grants to|institutions:|||||
|Spreading|the gospel||in the UK|6,403|7,853|
|Wormley|Free Church|||29,706||
|Slough Community||Church|||266|
|||||36,109|8,119|
|Grants to|individuals|||6,060|14,325|
|||||42,169|22,444|
##
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|Support co|sts||||
|---|---|---|---|---|
||||2021|2020|
||||F|F|
|Audit fees|||7,920|7,500|
|Accountancy|||3,480|3,300|
|Independent|examiners'|fees|540|480|
||||11,940|11,280|
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|
The average
monthly
number|ofemployees
during
the year|was:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Employed
within Connexional|churches|||
|Employment
costs||2021|2020|
|Wages and salaries||72,353|65,671|
|Social security costs||1,466|1,611|
|Other pension costs||1,773|1,756|
|||75,592|69,038|
##
||||Endowment|Endowment|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|Revaluation|of|investments|80,880|(61,844)|
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|Investment
property||
|---|---|
||2021|
|Fair value||
|At 1 July 2020 and 30June 2021|175,000|
||||2021|2020|
|---|---|---|---|---|
||||F|F|
|Cost|||80,000|80,000|
|Accumulated||depreciation|||
|Carrying|amount||80,000|80,000|
|Fixed as|set investments||
|---|---|---|
|||Listed|
|||Investments|
|Cost or|valuation||
|At 1 July|2020|468,156|
|Additions||300,000|
|Valuation|changes|80,880|
|At 30June 2021||849,036|
|Carrying|amount||
|At 30June 2021||849,036|
|At 30June 2020||468,156|
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|17|Debtors|||||
|---|---|---|---|---|---|
|||||2021|2020|
||Amounts|falling due|within one year:|F||
||Other debtors|||22,307|28,893|
|18|Creditors:|amounts|falling due within one year|||
|||||2021|2020|
|||||F|F|
||Other creditors|||1,290|3,848|
||Accruals|||12,474|15,794|
|||||13,764|19,642|
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||||||Movement
in funds|Movement
in funds|||
|---|---|---|---|---|---|---|---|---|
|Current|year|||Balance at 1|Income|Expenditure|Transfers|Balance at 30|
|||||July 2020|f|F|F|June 2021
F|
|Church|activities|||179,674|186,529|(195,698)|(10,118)|160,387|
|Youth conference||||1,509||||1,509|
|Sierra Leone Mission Projects||||26,406|68,620|(83,758)|21,639|32,907|
|Cheshunt
Foundation||||14,888|25,042|(2,500)|(12,521)|24,909|
|Mission|and Development|||2,275|1,660||1,000|4,935|
|Centrally|managed|Church|Funds|29,386||||29,386|
|||||254,138|281,851|(281,956)||254,033|
|specific|church rep|airs or o|ne-off c|osts as they fall d|ue.|ue.||||
|---|---|---|---|---|---|---|---|---|---|
||||||Movement||in funds|||
|Prior year||||Balance at 1|Income|Expenditure||Transfers|Balance at 30|
|||||July 2019|||||June 2020|
||||||f.||F|F|F|
|Church|activities|||176,160|214,217|(197,246)||(13,197)|179,934|
|Youth conference||||1,516|140||(147)||1,509|
|Sierra Leone Mission Projects||||21,261|100,260|(119,835)||24,460|26,146|
|Cheshunt
Foundation||||11,189|24,324||(8,625)|(12,000)|14,888|
|Mission|and Development|||3,275|||(1,000)||2,275|
|Centrally|managed|Church|Funds|31,985|||(2,599)||29,386|
|||||245,386|338,941|(329,452)||(737)|254,138|
##
##
|The permanent|The permanent|endowment
relates|to|the|initial|transfer|transfer|of|land|and|buildings|buildings|to the|Connexion.
In|Connexion.
In|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|accordance|with|the governing
document||the|capital||value|of|the initial||transfer|is|permanently||endowed|
|as explained|in|the accounting
policy|notes.|||||||||||||
|||||||Movement|||in funds|||||||
|Current year||Balance at 1|Income Expenditure||||||Transfers Revaluations,|||||Balance at 30||
|||July 2020||||||||||gains and|||June 2021|
||||||||||||||losses|||
||||||E|||F|||F||F||F|
|Permanent|endowments|||||||||||||||
|Churches
and||||||||||||||||
|manses||4,198,639|||||(17,818)|||11,865|||||4,192,686|
|Capital fund||648,448||||||||(11,865)|||80,880||717,463|
|||4,847,087|||||(17,818)||||||80,880||4,910,149|
||||Movement|in funds|||
|---|---|---|---|---|---|---|
|Prior year|Balance at 1||Income Expenditure|Transfers Revaluations,||Balance at 30|
||July 2019||||gains and|June 2020|
||||||losses||
||||F|F|||
|Permanent|endowments||||||
|Churches|and||||||
|manses|4,|182,150|(17,093)|33,582||4,198,639|
|Capital fund||743,868||(33,576)|(61,844)|648,448|
||4,926,018||(17,093)||(61,844)|4,847,087|
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|||||Movement|in funds|||
|---|---|---|---|---|---|---|---|
|Current|year|Balance at 1|Income|Expenditure||Transfers|Balance at 30|
|||July 2020
F|E||f||June 2021
F|
|Property|maintenance|329,819|||||329,819|
|||329,819|||||329,819|
|||||Movement|in funds|||
|---|---|---|---|---|---|---|---|
|Prior year||Balance at 1|Income|Expenditure||Transfers|Balance at 30|
|||July 2019
F|f||f||June 2020
F|
|Property|maintenance|329,819|||||329,819|
|||329,819|||||329,819|
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|Analysis o|f net assets between|funds|||||
|---|---|---|---|---|---|---|
|||Unrestricted|Unrestricted|Restricted|Permanent|Total|
|||funds-|funds-|funds|endowment||
|||general|designated||funds||
|Fund balances as at 30June|||||||
|2021:|||||||
|Tangible assets|||||4,017,686|4,017,686|
|Investment|properties||||175,000|175,000|
|Investments|||173,574||675,462|849,036|
|Current assets/(liabilities)||68,103|156,245|254,033|42,001|520,382|
|||68,103|329,819|254,033|4,910,149|5,562,104|
|||Unrestricted|Unrestricted|Restricted|Permanent|Total|
|---|---|---|---|---|---|---|
|||funds-|funds-|funds|endowment||
|||general|designated||funds||
|Fund balances as at 30June|||||||
|2020:|||||||
|Tangible assets|||||4,023,639|4,023,639|
|Investment|properties||||175,000|175,000|
|Investments|||||468,156|468,156|
|Current assets/(liabilities)||60,371|329,819|254,138|180,292|824,620|
|||60,371|329,819|254,138|4,847,087|5,491,415|
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|Comparative
S|tateme|nt|of Financial|Activities|||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Permanent|Total|
|||||funds|funds|funds|endowment|2020|
|||||general|designated||funds||
|||||E|E|F|F||
|Income from:|||||||||
|Donations
and legacies||||2,579||312,820||315,399|
|Other trading
activities||||||25,201||25,201|
|Investments||||40,065||920||40,985|
|Total income||||42,644||338,941||381,585|
|Ex enditure on:|||||||||
|Fundraising
and|publicity|||10,839||1,653|17,093|29,585|
|||||10,839||1,653|17,093|29,585|
|Spreading
the gospel||in the UK||28,567||207,964||236,531|
|Missionary
work|in Sierra||Leone|||119,835||119,835|
|||||28,567||327,799||356,366|
|Total expenditure||||39,406||329,452|17,093|385,951|
|Net gains/(losses)
on investments|||||||(61,844)|(61,844)|
|Net income/(expenditure)|||before||||||
|transfers||||3,238||9,489|(78,937)|(66,210)|
|Gross transfers|between||funds|731||(737)|6||
|Net movement|in funds|||3,969||8,752|(78,931)|(66,210)|
|Fund balances at 1 July 2019||||56,402|329,819|245,386|4,926,018|5,557,625|
|Fund balances|at 30|June 2020||60,371|329,819|254,138|4,847,087|5,491,415|