| Contents | Page | ||
|---|---|---|---|
| Trustees Report | 3-6 | ||
| Independent Examiner's |
Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to Financial | Statements | 10-15 |
| Le al and | administrative | administrative | information | information | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Principal | Address: | Great Eccleston | Free Methodist | Church | |||||||
| Hall Lane | |||||||||||
| Great Eccleston | |||||||||||
| Preston | |||||||||||
| PR3 OXN | |||||||||||
| Governing | Document: | Trust Deed sealed on 21 April 1983as amended | by | scheme dated | |||||||
| 9March 2000, this makes all members ofthe Official Board (now | |||||||||||
| known as the Church Leadership |
Team) ofGreat Eccleston Free | ||||||||||
| Methodist Church Trustees. |
|||||||||||
| Objects of | the Charity: | The furtherance | ofthe religious | and other charitable | work ofthe Free | ||||||
| Methodist Church ofNorth America (United Kingdom |
District). | ||||||||||
| Specific Investment | Powers: | The Church has |
a single, General | Fund, deposit | account with Virgin Money. | ||||||
| During the year | 2020 two bank | accounts were held | by | the Church: | |||||||
| General fund current account- Santander UK pic. | |||||||||||
| General fund deposit account- Virgin Money | |||||||||||
| Bankers: | Santander UK pic | ||||||||||
| Customer Service Centre |
|||||||||||
| Bootle | |||||||||||
| Merseyside | |||||||||||
| L304GB | |||||||||||
| Virgin Money | |||||||||||
| Savings Operations | |||||||||||
| Jubilee House | |||||||||||
| Gosforth | |||||||||||
| Newcastle upon |
Tyne | ||||||||||
| NE3 4PL | |||||||||||
| Independent | Examiner: | CWR Chartered | Accountants, | ||||||||
| 20 Mannin Way |
|||||||||||
| Lancaster Business Park | |||||||||||
| Caton Road | |||||||||||
| Lancaster | |||||||||||
| LA1 3SW |
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | For the Year | For the Year | ||||
| Ended 31 | Ended 31 | ||||||
| General | Designated | December | December | ||||
| Note | 2020 | 2019 | |||||
| Incoming Resources | |||||||
| Generated Funds |
|||||||
| Voluntary Income: |
|||||||
| Tithes &Offerings (including |
Gift Aid) | 19,654 | 19,654 | 22,399 | |||
| Income Tax Recoverable (Gift | Aid) | 2,397 | 2,397 | 2,375 | |||
| Donations | 30 | 30 | |||||
| Legacies | 4,000 | ||||||
| Gifts for Specific Purposes | 1,658 | 1,658 | 1,232 | ||||
| Investment Income: |
|||||||
| Bank Interest | 268 | 268 | 379 | ||||
| Grazing Rent - Lodge Farm | 6,701 | 6,701 | 6,679 | ||||
| Rent - Rehoboth | 8&400 | 8,400 | 8,400 | ||||
| Rent - Great Eccleston Lodge | 7,450 | 7,450 | 700 | ||||
| Charitable Activities |
|||||||
| Football Team Income | 725 | 725 | 1,195 | ||||
| Soccer&Netball School Booking Fees | |||||||
| Other Incoming Resources | |||||||
| Gift For Use ofBuildings | 1,003 | ||||||
| Total Incoming Resources | 38,169 | 6,731 | 2,383 | 47,283 | 48,362 | ||
| Resources Expended | |||||||
| Charitable Expenditure |
|||||||
| Charitable Activities |
41,108 | 30 | 1,001 | 42,139 | 33,524 | ||
| Governance Costs |
1,758 | 1,758 | 1,680 | ||||
| Other | 451 | 818 | 7,713 | ||||
| Total Resources Expended | 43,317 | 397 | 1,001 | 44,715 | 42,917 | ||
| Transfer Between Funds | 15 | 4,473 | (3,516) | (957) | |||
| Net Movements in Funds |
(675) | 2,818 | 425 | 2,568 | 5,445 | ||
| Reconciliation ofFunds |
|||||||
| Balances Brought Forward | 1st | January 2020 | 984,175 | 3,516 | 1,772 | 984,018 | 984,018 |
| Balances Carried Forward 31stDecember 2020 | 983,500 | 6,334 | 2,197 | 986,586 | 989,463 |
| Note | 2020 | 2019 | |||
|---|---|---|---|---|---|
| f, | |||||
| Fixed Assets | |||||
| Land and Buildings | 890,880 | 907,880 | |||
| Fixtures, Fittings & | Equipment | 2,460 | 3,279 | ||
| Motor Vehicles | 3,827 | 5,102 | |||
| 897,167 | 916,261 | ||||
| Current Assets | |||||
| Debtors and Prepayments | 9,604 | 9,925 | |||
| Cash at Bank | 89,441 | 67,190 | |||
| Cash in Hand | 711 | 545 | |||
| 99,756 | 77,660 | ||||
| Creditors: Amounts | falling due within | one year | (4,892) | (4,458) | |
| Net Current Assets | 94,864 | 73,202 | |||
| Net Assets | 992,031 | 989,463 | |||
| Funds | |||||
| Unrestricted Funds: |
|||||
| General Fund | 86,333 | 67,914 | |||
| Fixed Asset Fund | 897,167 | 916,261 | |||
| Designated Fund |
15 | 6,334 | 3,516 | ||
| Restricted Funds | 2,197 | 1,772 | |||
| Total Funds | 992,031 | 989,463 |
| 2.Charitable Activities |
2.Charitable Activities |
2.Charitable Activities |
||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | For the year | For the year | |||||
| ended 31 | ended 31 | |||||||
| General | Designated | December | December | |||||
| 2020 | 2019 | |||||||
| Pastor Stipend | ||||||||
| Church Worker | 19,879 | 19,879 | 5,861 | |||||
| Manse running costs |
1,128 | 1,128 | 970 | |||||
| Church running costs |
6,716 | 6,716 | 8,316 | |||||
| Minibus expenses |
976 | 976 | 1,673 | |||||
| Visiting preachers | expenses | 45 | 45 | 1,355 | ||||
| Outreach and Evangelism |
740 | 740 | 1,090 | |||||
| Giving and donations | 5,726 | 200 | 5,926 | 8%520 | ||||
| Childrens and youth work |
864 | 61 | 925 | 1,723 | ||||
| Depreciation offixed | assets | 2,094 | 2,094 | 2,194 | ||||
| Conference levy |
2,281 | 30 | 2,311 | 1,690 | ||||
| Printing and stationery |
221 | 221 | 132 | |||||
| Legal fees | 1,178 | 1,178 | ||||||
| 41,108 | 30 | 1,001 | 42,139 | 33,524 | ||||
| 3.Other Charitable | Expenditure | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | For the year | For the year | |||||
| ended 31 | ended 31 | |||||||
| General | Designated | December | December | |||||
| 2020 | 2019 | |||||||
| Lodge Farm Expenses | 367 | 367 | 3,163 | |||||
| Rehoboth Expenses |
451 | 451 | 4,550 | |||||
| 451 | 367 | 818 | 7,713 | |||||
| 4.Freehold Land |
and Buildings | |||||||
| 2020 | 2019 | |||||||
| Church Buildin s |
||||||||
| Hall Lane, Great Eccleston (At Insurance | Cover Valuation | Ol/01/1997) | 206,000 | 206,000 | ||||
| Land and Buildin | s | |||||||
| Lodge Farm, Hall Lane, Great Eccleston | (At Probate Value | 15/09/2005) | 500,000 | 500,000 | ||||
| Alterations at Cost |
201,880 | 201,880 | ||||||
| Disposal ofGarage | (17,000) | |||||||
| 890,880 | 907,880 |
| 5.Other Tangible Assets | |||
|---|---|---|---|
| Fixtures, | Motor | Total | |
| Fittings and | Vehicles | ||
| Equipment | |||
| Cost | |||
| At 1st January 2020 | 15,148 | 7,594 | 22,742 |
| Additions | |||
| At 31stDecember 2020 | 15,148 | 7,594 | 22,742 |
| Depreciation | |||
| At 1st January 2020 | 11,869 | 2,492 | 14,361 |
| Charge in period |
819 | 1,275 | 2,094 |
| At 31stDecember 2020 | 12,688 | 3,767 | 16,455 |
| Net BookValues | |||
| At 1st January 2020 | 3,279 | 5,102 | 8,381 |
| At 31stDecember 2020 | 2,460 | 3,827 | 6,287 |
| 6.Debtors and Prepaym | ents | ||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Tax Refund on Gift Aid | 7,185 | 7,076 | |||||
| P repayments | 2,395 | 2,849 | |||||
| Other Debtors | 24 | ||||||
| 9,604 | 9,925 | ||||||
| 7.Creditors: Amounts | falling due within | one year | |||||
| 2020 | 2019 | ||||||
| Accruals | 3,994 | 3,980 | |||||
| Other Creditors | 898 | 478 | |||||
| 4,892 | 4,458 | ||||||
| S.Restricted Funds Movements | 1January | 31December | |||||
| 2020 | Income | Expenditure | Transfers | 2020 | |||
| Football Team | 1,405 | 725 | (740) | 1,390 | |||
| Gift for Service Recording Ministry | 362 | 362 | |||||
| Gift for Specific Purposes | 5 | 1,658 | (261) | (957) | 445 | ||
| 1,772 | 2,383 | (1,001) | (957) | 2,197 |
| 11.Analysi | s ofNet Assets Between Funds | |||
|---|---|---|---|---|
| Tangible | Net Current | Total | ||
| Fixed Assets | Assets | 2020 | ||
| Unrestricted | Funds | 897,167 | 92,667 | 989,834 |
| Restricted | Funds | 2,197 | 2,197 | |
| 897,167 | 94,864 | 992,031 |