2020-12-31-accounts

		Page
Reference andAdministrativeDetails	1	to2
ReportoftheTrustees	3	to16
ReportoftheIndependentAuditors	17	to19
StatementofFinancialActivities		20
StatementofFinancialPosition		21
StatementofCashFlows		22
NotestotheStatementofCashFlows		23
NotestotheFinancialStatements	24	to37
DetailedStatementofFinancialActivities	38	to40

Administrative Bishop/Chairman:	Rev D Bolt*
Director&Company Secretary:	Rev D A Webley*
RevDAAllen*	Rev J Haye	Rev H Radway
Rev R Anderson	Rev A R Hayles	Rev E Reid
Rev S Anderson	RevLGHenry	Rev P Reynolds
Rev D Barnett	Rev J W O Jackson	Rev C Riley
Rev G Beason	Rev J Jackson*	Rev B Robinson*
Rev E J Benjamin	Rev C James	Rev P Roper
Rev E A Brown*	Rev H James	RevWSealy
RevRBBrown	Rev A Johnson	RevTASmith
RevBOBurrell	Rev D Johnson	Rev V Smith
Rev L Cameron	Rev J Johnson	Rev D Sri Ranjan
Rev C A Campbell	Rev R Jones	Rev E Sterling
Rev P Chambers	Rev R King*	Rev R Sunday-ljoma
Rev K Clarke	Rev R Kumar	Rev T Taylor
Rev J Corlis	Rev P C Kurian	Rev W Taylor*
RevVCox	Rev P Levene	Rev C P Thomas
Rev M L Cummins*	Rev S Lindo-Mason	Rev P A Thomas
Rev L Davis*	Rev A Logan	Rev S A Thomas
Rev D Douglas	Rev B Martin	Rev P Thompson
Rev D Eccleston	Rev S Mathew	Rev S G Thompson
Rev E D Edwards	Rev P Matthews	Rev J G Walder
Rev H Edwards	Rev R Maynard	RevANWatson
Rev K Erinle	Rev H McKenzie	Rev D Williams
Rev A Foster	Rev L R McLeod	Rev M Williams
Rev O D Francis	Rev B Mullings	Rev N Williams
Rev L Frackleton	Rev B R Nelson	Rev S Williams
RevHRGayle	RevIMNkumu	Rev L Woodstock
Rev D Gidharry	Rev S N Notice
Rev P O Gordon	Rev G J Owen	Rev C Harris (Appointed 01/04/2020)
Rev P N Gordon	RevCAPalmer	Rev D King (Appointed 01/07/2020)
Rev C Grandison	Rev G A Parry*	Rev K Scott (Appointed 01/07/2020)
RevPRGrey	Rev W Perkins*
Rev D Haslam	Rev M Perrin

REGISTERED OFFICE	3 Cheyne Walk
	Northampton
	NN15PT
REGISTERED COMPANY	00917145 (England and Wales)
NUMBER
REGISTERED CHARITY NUMBER	250306
AUDITORS	ONGDove Naish LLP, Statutory Auditor
	Eagle House
	28 Billing Road
	Northampton
	NN15AJ
SOLICITORS	Geoffrey Leaver
	251Upper Third Street
	Bouverie Square
	Central Milton Keynes
	Bucks
	MK9 1DR
BANKERS	NatWestPie
	Commercial Banking
	RBS House, Grange Park Court
	Roman Way
	Northampton
	NN4 5EA
	Barclays Bank Pie
	Ashton House Business Centre
	497 Silbury Boulevard
	Milton Keynes
	MK9 2LD

Sunday AM andPM	- Churches open for one to three servicesona Sunday
Monday	- Morning Prayer and Fasting or Evening Activities
Tuesday	- Counselling and/or Evening Activities
Wednesday	- Cell Group Prayer or Activities
Thursday	- Various Training Programmes
Friday	- Departmental Ministry Activities
Saturday	- Programmes, Seminars or Conventions

				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	2	7,885,722		7,885,722	8,462,165
Charitable activities	5
Youth&Christian Education Dept		27,612		27,612	115,070
Women's Ministry Dept		26,722		26,722	103,998
Men's Ministry Dept		10,713		10,713	31,556
Theological Education&Training Dept		4,049		4,049	8,521
Conventions&Conferences		100,227		100,227	384,326
Government grants		281,709		281,709
Other trading activities	3	51,997		51,997	154,295
Investment income	4	680,418		680,418	827,672
Other income		36,051		36,051	17,350
Total		9,105,220		9,105,220	10,104,953
EXPENDITURE ON
Raising funds	6	14,162		14,162	20,304
Charitable activities	7
Youth&Christian Education Dept		163,872		163,872	186,767
Women's Ministry Dept		146,806		146,806	212,013
Men's Ministry Dept		8,924		8,924	19,443
Theological Education&Training Dept		101,627		101,627	108,932
Conventions&Conferences		111,718		111,718	638,314
Provisionofchurch services		7,119,823		7,119,823	7,552,304
Governance costs		346,857		346,857	316,556
Total		8,013,789		8,013,789	9,054,633
NET INCOME		1,091,431		1,091,431	1,050,320
RECONCILIATION OF FUNDS
Total funds brought forward		40,867,347	1,996	40,869,343	39,819,023
TOTAL FUNDS CARRIED FORWARD		41,958,778	1,996	41,960,774	40,869,343

				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
Notes		£	£	£	£
FIXED ASSETS
Tangible assets	13	36,835,616		36,835,616	37,211,687
Investment property	14	6,027,750		6,027,750	6,027,750
		42,863,366		42,863,366	43,239,437
CURRENT ASSETS
Debtors	15	647,156		647,156	822,655
Cash at bank		9,670,274	1,996	9,672,270	9,231,421
		10,317,430	1,996	10,319,426	10,054,076
CREDITORS
Amounts falling due within one year	16	(1,154,502)		(1,154,502)	(1,642,966)
NET CURRENT ASSETS		9,162,928	1,996	9,164,924	8,411,110
TOTAL ASSETS LESS CURRENT
LIABILITIES		52,026,294	1,996	52,028,290	51,650,547
CREDITORS
Amounts falling due after more than one year	17	(10,067,516)		(10,067,516)	(10,781,204)
NET ASSETS		41,958,778	1,996	41,960,774	40,869,343
FUNDS	21
Unrestricted funds				41,958,778	40,867,347
Restricted funds				1,996	1,996
TOTAL FUNDS				41,960,774	40,869,343

		2020	2019
	Notes	£	£
Cash flows from operating activities
Cash generated from operations		2,351,059	2,252,239
Interest paid		(304,396)	(401,338)
Net cash provided by operating activities		2,046,663	1,850,901
Cash flows from investing activities
Purchase of tangible fixed assets		(450,346)	(401,008)
Sale of tangible fixed assets		16,546	7,318
Interest received		69,326	85,139
Net cash usedininvesting activities		(364,474)	(308,551)
Cash flows from financing activities
New loansinyear			424,200
Loan repaymentsinyear		(1,136,436)	(1,304,684)
New Hire Purchase contractinyear		15,027
Net cash usedinfinancing activities		( 1 ,121,409)	(880,484)
Changeincash and cash equivalents
inthe reporting period		560,780	661,866
Cash and cash equivalents at the
beginningofthe reporting period	2	8,928,528	8,266,662
Cash and cash equivalents at the end
ofthe reporting period	2	9,489,308	8,928,528

1.	RECONCILIATION OF NET INCOMETONET CASHFLOWFROM OPERATING	RECONCILIATION OF NET INCOMETONET CASHFLOWFROM OPERATING	RECONCILIATION OF NET INCOMETONET CASHFLOWFROM OPERATING
	ACTIVITIES
			2020	2019
			£	£
	Net income for the reporting period (as per the Statementof
	Financial Activities)		1,091,431	1,050,320
	Adjustments for:
	Depreciation charges		822,408	808,741
	Profit on disposaloffixed assets		(12,537)
	Interest received		(69,326)	(85,139)
	Interest paid		304,396	401,338
	Decrease in debtors		175,499	95,893
	Increase/( decrease)increditors		39,188	{18,914)
	Net cash provided by operations		2,351,059	2,252,239
2.	ANALYSIS OF CASH AND CASH EQUIVALENTS
			2020	2019
			£	£
	Notice deposits (less than 3 months)		9,672,270	9,231,421
	Overdrafts included in bank loans and overdrafts falling due within one
	year		{182,962)	{302,893)
	Total cash and cash equivalents		9,489,308	8,928,528
3.	ANALYSIS OF CHANGESINNET DEBT
		At 1/1/20	Cash flow	At 31/12/20
		£	£	£
	Net cash
	Cash at bank	9,231,421	440,849	9,672,270
	Bank overdraft	{302,893)	119,931	{182,962)
		8,928,528	560,780	9,489,308
	Debt
	Finance leases		(15,027)	(15,027)
	Debts falling due within 1 year	(1,165,696)	413,356	(752,340)
	Debts falling due after 1 year	(10,781,204)	723,080	(10,058,124)
		(11,946,900)	1,121,409	(10,825,491)
	Total	{3,018,372)	1,682,189	{1,336,183)

Land and Buildings	-	2% on cost
Church Furnishings	-	20% on reducing balance
Fixtures, Fittings and Equipme nt	-	20%onreducing balance
Motor vehicles	-	20% on cost

	2020	2019
	£	£
Tithes and Offerings	5,779,572	6,666,195
Gift Aid reclaim	1,269,486	908,663
Grants, gifts and donations	446,749	261,155
Other Voluntary income	389,915	626,152
	7,885,722	8,462,165

OTHER TRADING ACTIVITIES
	2020	2019
	£	£
Raising funds from members	45,743	134,284
Publication sales	6,254	20,011
	51,997	154,295

4.	INVESTMENT INCOME
				2020	2019
				£	£
	Rental income			611,092	742,533
	Bank interest received			69,326	85,139
				680,418	827,672
5.	INCOME FROM CHARITABLE ACTIVITIES
				2020	2019
		Activity		£	£
	Youth & Christian Education Youth & Christian Education Dept			27,612	115,070
	Women's Ministry Dept	Women's Ministry Dept		26,722	103,998
	Men's Ministry Dept		Men's Ministry Dept	10,713	31,556
	Theological Education &
	Training	Theological Education & Training Dept		4,049	8,521
	Conventions & Conferences		Conventions & Conferences	100,227	384,326
	Grants		Government grants	281,709
				451,032	643,471
	Grants received, includedinthe above, are as follows:
				2020	2019
				£	£
	COVID-19 Grants			281,709
6.	RAISING FUNDS
	Raising donations and legacies
				2020	2019
				£	£
	Publications & Commentaries			14,162	20,304

CHARITABLE ACTIVITIES COSTS
		Support
	Direct	costs (see
	Costs	note 8)	Totals
	£	£	£
Youth&Christian Education Dept	92,090	71,782	163,872
Women's Ministry Dept	74,926	71,880	146,806
Men's Ministry Dept	4,001	4,923	8,924
Theological Education&Training
Dept	96,588	5,039	101,627
Conventions&Conferences	111,718		111,718
Provisionofchurch services	6,925,447	194,376	7,119,823
Governance costs		346,857	346,857
	7,304,770	694,857	7,999,627

SUPPORT COSTS
	Staff	Premises	Office	Governance
	Costs	Costs	Services	costs	Totals
	£	£	£	£	£
Youth&Christian
Education Dept	21,043	44,400	6,339		71,782
Women's Ministry Dept	21,042	44,499	6,339		71,880
Men's Ministry Dept		4,923			4,923
Theological Education&
Training Dept		5,039			5,039
Provision of church
services	42,085	139,614	12,677		194,376
Governance costs				346,857	346,857
	84,170	238,475	25,355	346,857	694,857

	2020	2019
	£	£
Auditors' remuneration	24,000	23,000
Depreciation - owned assets	822,408	808,741
Hireofplant and machinery	131,421	153,593
Surplusondisposaloffixed assets	{12,537)

Trustee	Stipend	EmployersNI	Pension Contributions
Bishop D Bolt	92,961	11,624	8,400
Bishop M Cummins	29,540	2,872	886
Bishop D A Webley	66,948	8,034	21,878
Bishop B Robinson	41,792	4,562	3,600
Bishop W Perkins	10,882	297
Bishop R S King	42,530	4,664	1,800
Bishop D Allen	29,540	2,872	3,600
Bishop W Taylor	29,075	2,807	872
Bishop A Parry	40,575	4,394	1,217
Bishop L Davis	25,825	2,359	775
Bishop E Brown	51,530	5,906	8,511
Bishop J Jackson	45,849	5,122	2,400

	2020	2019
	£	£
Wages and salaries	2,572,260	2,542,625
Social security costs	220,120	215,102
Other pension costs	127,367	122,438
	2,919,747	2,880,165

	2020	2019
Administration staff	33	34
Stipendiary ministers	87	88
Non-stipendiary ministers	4	5
	124	127

	2020	2019
£60,001- £70,000	2	3
£70,001 - £80,000	1
£90,001- £100,000	1
	4	4
Directors' remunerationwasas follows:
	2020	2019
	£	£
Directors' emoluments	1,844,377	1,720,521
Directors' pension contributions	77,095	72,030
	1,921,472	1,792,551

The highest paid directorwasremunerated as
follows:	2020	2019
	£	£
Emoluments	92,961	90,008
Pension contributions	8,400	8,400

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	fund	funds
		£	£	£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies	8,462,165		8,462,165
	Charitable activities
	Youth & Christian Education Dept	115,070		115,070
	Women's Ministry Dept	103,998		103,998
	Men's Ministry Dept	31,556		31,556
	Theological Education & Training Dept	8,521		8,521
	Conventions & Conferences	384,326		384,326
	Other trading activities	154,295		154,295
	Investment income	827,672		827,672
	Other income	17,350		17,350
	Total	10,104,953		10,104,953
	EXPENDITURE ON
	Raising funds	20,304		20,304
	Charitable activities
	Youth & Christian Education Dept	186,767		186,767
	Women's Ministry Dept	212,013		212,013
	Men's Ministry Dept	19,443		19,443
	Theological Education & Training Dept	108,932		108,932
	Conventions & Conferences	638,314		638,314
	Provisionofchurch services	7,552,304		7,552,304
	Governance costs	316,556		316,556
	Total	9,054,633		9,054,633
	NET INCOME	1,050,320		1,050,320
	RECONCILIATION OF FUNDS
	Total funds brought forward	39,817,027	1,996	39,819,023
	TOTAL FUNDS CARRIED FORWARD	40,867,347	1,996	40,869,343

			Fixtures,
			Fittings
			and
	Land and	Church	Equipme	Motor
	Buildings	Furnishings	nt	vehicles	Totals
	£	£	£	£	£
COST
At 1 January 2020	44,963,910	166,527	698,967	681,124	46,510,528
Additions	226,518	8,652	165,470	49,706	450,346
Disposals				{101,301)	{101,301)
At31December 2020	45,190,428	175,179	864,437	629,529	46,859,573
DEPRECIATION
At 1 January 2020	8,279,738	85,045	343,796	590,262	9,298,841
Charge for year	642,371	18,026	104,129	57,882	822,408
Eliminated on disposal				{97,292)	{97,292)
At31December 2020	8,922,109	103,071	447,925	550,852	10,023,957
NET BOOK VALUE
At31December 2020	36,268,319	72,108	416,512	78,677	36,835,616
At31December 2019	36,684,172	81,482	355,171	90,862	37,211,687
Analysisofnet book value	of land and buildings:			2020	2019
				£	£
Freehold				35,137,749	35,516,998
Long leasehold				1.130.570	1 167 174
				36.268.319	36.6841172
			Long		Long
		Freehold	Leasehold	Freehold	Leasehold
		2020	2020	2019	2019
		£	£	£	£
Stated at historical cost		35,398,777	601,352	35,172,259	601,352
Valuation made 1970 to 1980		2,408,430	702,529	2,408,430	702,529
Valuation madein1999		5.587.911	491.429	5.587.911	491.429
		43.395.118	1.795.310	43.168.600	1.795.310

INVESTMENT PROPERTY
	£
FAIR VALUE
At1 January 2020
and31December 2020	6,027,750
NETBOOK VALUE
At31December 2020	6,027,750
At31December2019	6,027,750

DEBTORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
	2020	2019
	£	£
Gift Aid due	181,426	371,143
Otherdebtors	443,333	439,199
Prepayments and accrued income	22,397	12,313
	647,156	822,655
CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
	2020	2019
	£	£
Bank loans and overdrafts (see note 18)	935,302	1,468,589
Hire purchase (see note 19)	5,635
Trade creditors	2,272	3,866
Other creditors	32,165	54,528
Accruals and deferred income	179,128	115,983
	1,154,502	1,642,966

	£
Balance as at31December2019	57,663
Amountreleased to incoming resources	(38,913)
Amountdeferred in year	13,383
Balance as at31December2020	32,133

17.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2020	2019
		£	£
	Bank loans ( see note 18)	10,058,124	10,781,204
	Hire purchase (see note 19)	9,392
		10,067,516	10,781,204
18.	LOANS
	An analysisofthe maturity of loansisgiven below:
		2020	2019
		£	£
	Amounts falling due within one yearondemand:
	Bank overdrafts	182,962	302,893
	Bank loans	752,340	1,165,696
		935,302	1,468,589
	Amounts falling due between two and five years:
	Bank loans - 2-5 years	3,160,919	3,940,570
	Amounts falling dueinmore than five years:
	Repayable by instalments:
	Bank loans more 5 yr by instal	6,897,205	6,840,634
19.	LEASING AGREEMENTS - LESSEE
	Minimum lease payments fall due as follows:
		Hire purchase contracts
		2020	2019
		£	£
	Net obligations repayable:
	Within one year	5,635
	Between one and five years	9,392
		15,027
		Non-cancellable
		operating leases
		2020	2019
		£	£
	Within one year	10,500	10,500
	Between one and five years	42,000	42,000
	Inmore than five years	1,004,500	1,015,000
		1,057,000	1,067,500

	2020	2019
	£	£
Bank loans	10,810,464	11,946,900
Hire purchase contracts	15,027
	10,825,491	11,946,900

		Net
		movement	At
	At 1/1/20	infunds	31/12/20
	£	£	£
Unrestricted funds
General fund	33,982,315	1,091,431	35,073,746
National Facility Fund	514,399		514,399
Revaluation Reserve	6,370,633		6,370,633
	40,867,347	1,091,431	41,958,778
Restricted funds
Haiti Appeal	1,996		1,996
TOTAL FUNDS	40,869,343	1,091,431	41,960,774

Net movementinfunds, includedinthe a	bove are as follows:
	Incoming	Resources	Movement
	resources	expended	infunds
	£	£	£
Unrestricted funds
General fund	9,105,220	(8,013,789)	1,091,431
TOTAL FUNDS	9,105,220	{8,013,789)	1,091,431

		Net
		movement	At
	At 1/1/19	infunds	31/12/19
	£	£	£
Unrestricted funds
General fund	32,931,995	1,050,320	33,982,315
National Facility Fund	514,399		514,399
Revaluation Reserve	6,370,633		6,370,633
	39,817,027	1,050,320	40,867,347
Restricted funds
Haiti Appeal	1,996		1,996
TOTAL FUNDS	39,819,023	1,050,320	40,869,343
Comparative net movementinfunds, includedinthe above are as follows:
	Incoming	Resources	Movement
	resources	expended	infunds
	£	£	£
Unrestricted funds
General fund	10,104,953	(9,054,633)	1,050,320
TOTAL FUNDS	10,104,953	{9,054,633)	1,050,320

	2020	2019
	£	£
Within one year	130,117	143,200
Betweenonand five years	210,700	306,817
Inmore than five years	43,000	77,000
	383,817	527,017

	2020	2019
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Tithes and Offerings	5,779,572	6,666,195
Gift Aid reclaim	1,269,486	908,663
Grants, gifts and donations	446,749	261,155
Other Voluntary income	389,915	626,152
	7,885,722	8,462,165
Other trading activities
Raising funds from members	45,743	134,284
Publication sales	6,254	20,011
	51,997	154,295
Investment income
Rental income	611,092	742,533
Bank interest received	69,326	85,139
	680,418	827,672
Charitable activities
Grants	281,709
Youth&Christian Education	27,612	115,070
Women's Ministry Dept	26,722	103,998
Men's Ministry Dept	10,713	31,556
Theological Education&Training	4,049	8,521
Conventions&Conferences	100,227	384,326
	451,032	643,471
Other income
Insurance proceeds	36,051	17,350
Total incoming resources	9,105,220	10,104,953
EXPENDITURE
Raising donations and legacies
Publications&Commentaries	14,162	20,304
Charitable activities
Wages	2,230,983	2,187,701
Carried forward	2,230,983	2,187,701

	2020	2019
	£	£
Charitable activities
Brought forward	2,230,983	2,187,701
Social security	181,989	180,221
Pensions	106,766	103,337
Hireofplant and machinery	110,049	133,745
Rates and water	457,935	532,677
Insurance	195,189	199,251
Telephone	104,665	113,425
Postage and stationery	52,553	76,112
Advertising	10,876	36,638
Sundries	133,139	57,964
Travelling	87,597	260,291
Staff Welfare&Training	40,076	69,945
Legal&Professional	257,190	70,257
Repairs&Maintenance	1,155,546	1,009,349
Motor Expenses	81,480	122,496
Rent	116,337	234,347
Admin Work	74,371	95,263
Computer Expenses	71,953	14,268
Gifts	363,165	460,744
Religious Activities	192,942	242,941
Department Expenditure	51,138	133,625
Event Costs	102,027	787,790
Depreciationoftangible fixed assets	822,408	808,741
Bank loan interest	304,396	401,338
	7,304,770	8,332,466
Support costs
Staff Costs
Wages	75,173	114,857
Social security	8,997	8,261
	84,170	123,118
Premises Costs
Hireofplant and machinery	21,372	19,848
Rates and water	33,077	52,581
Insurance	32,614	29,523
Light and heat	11,516	10,428
Bank charges	56,456	67,941
Repairs & Maintenance	65,703	32,854
Computer Expenses	17,737	16,981
	238,475	230,156
Office Services
Telephone	19,186	18,715
Carried forward	19,186	18,715

	2020	2019
	£	£
Office Services
Brought forward	19,186	18,715
Postage and stationery	6,169	13,318
	25,355	32,033
Governance costs
Wages	266,104	240,067
Social security	29,134	26,620
Pensions	20,601	19,101
Auditors' remuneration	24,000	23,000
Telephone	1,069	1,140
Travel	5,949	6,628
	346,857	316,556
Total resources expended	8,013,789	9,054,633
Net income	1,091,431	1,050,320