2020-12-31-accounts - Tavistock Community Church Trust

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Tavistock Community	Church	Trust	Charit	801576
Annual		accounts for the		period
				eno	en
Period start date	01/01/2020		To	date		31/12/2020

					0
					8C		Restricted
						Unrestricted	income	Endowment		Prior year
Recommended categories				by activity		funds	funds	funds	Total funds	funds
Income (Note 3)						F01	F02	F03	F04	F05
Income and endowments			from:
Donations and legacies					S01	49,251			49,251	28,784
Charitable activities					S02	920			920	5,214
Total					S07	50,17			50,171	33,998
Expenditure (Notes		5)
Expenditure on:
Raising funds					S08
Charitable activities					S09	28,436			28,436	29,193
Separate material expense	item				S10
Other					S11
Total					S12	28,436			28,436	29,193
Net income/(expenditure)				before
investment gains/(losses)					S15	21,735			21,735	4,805
Net gains/(losses) on
investments					S16
Net income/(expenditure)					S17	21,735			21,735	4,805
Extraordinary items					S18
Transfers between		funds			S19
Other recognised	gains/(losses):
Gains and losses on revaluation			of fixed assets for the
charity's own use					S20
Other gains/(losses)					S21
Net movementin	funds				S22	21,735			21,735	4,805
Reconciliation of
funds:
Total funds brought forward					S23	61,313			61,313	56,508
Total funds carried		forward			S24	83,048			83,048	61,313

W ~ e
					0
					OI	Unrestricted	Restricted income	Endowment		Total this	Total last
					(3	funds	funds	funds		year	year
Fixed assets						F01	F02	F03		F04	F05
Tangible assets			(Note 8)		B02	28,651				28,651	28,571
					B03
					B04
		Total		fixed assets	Bos						28,571
Current assets
Debtors Cash at bank and	in	(Note 9) hand (Note 11)			B07 B09	9,455				9,455	8,175 25,966
	Total		current assets		B10						34,141
Creditors: amounts		falling		due within
one year (Note 10)					B11	408				408	1,399
Net current		assetsl(liabilities)			B12						32,742
Total assets less current liabilities					B13						61,313
Creditors: amounts		falling		due after
one year	(Note		10)		B14
Provisions for liabilities					B15
Total net assets orliabilities					B16	83,048				83,048	61,313
Funds ofthe Charity
Endowment funds					B17
Restricted income	funds				B18
Unrestricted funds					B19	83,048				83,048	61,313
Revaluation reserve					B20
Fair value reserve					B21
				Total funds	B22						61,313
Signed by one or two	trustees on behalf
of all the trustees						Signature		Name			Date
							(~Leer	~AVlO	PA~qP,
											kg 2/

				~ ~
Note 2				Accounting policies
2.2 INCOME
Recoqnition			ofincome	These are included in the Statement of Financial Activities (SoFA) when:
				~ the charity becomes entitled to the resources; ~ it is more likely than not that the trustees will receive the resources;		yes*	No*	N/a*
				~ the monetary value can be measured with sufficient reliability.
Offsetting				There has been no offsetting ofassets and liabilities, or income and expenses, unless required or permitted by the FRS 102SORP or FRS 102.		Yes*	No*	N/a*
Grants and		donations		Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10to 5.12FRS102SORP).		Yes*	No*	N/a*
				In the case of performance related grants, income must only be recognised to the extent		Yes*	No*	N/a*
				that the charity has provided the specified goods or services as entitlement to the grant
				only occurs when the performance related conditions are met (5.16FRS 102SORP).
				Legacies are included in the SOFA when receipt is probable, that is, when there has	been
Legacies				grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control ofthe charity		Yes*	No*	N/a*
				or have been met.
						Yes*	No*	N/a*
Government			grants	The charity has received government grants in the reporting period
				Gift Aid receivable is included in income when there is a valid declaration from the donor.
Tax reclaims			on	Any Gift Aid amount recovered on a donation is considered to be part ofthat gift and	is	Yes*	No*	N/a*
donations		and gifts		treated as an addition to the same fund as the initial donation unless the donor or the
				terms ofthe appeal have specified otherwise.
Contractual		income and		This is oniy included in the SoFA once the charity has provided the related goods or		Yes*	No*	N/a*
performance			related	services or met the performance related conditions.
grants
						yea"	No"	N/a
Donated	goods			Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
				The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value ofthose gifts at the time of their receipt and they are recognised on receipt.		Yes*	No*	N/a*
				In the reporting period in which the stocks are distributed, they are recognised as an
				expense at the carrying amount of the stocks at distribution.
				Donated goods for resale are measured at fair value on initial recognition, which is the
				expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance		Yes*	No*	N/a*
				sheet. On its sale the value of stock is charged against 'Income from other trading
				activities' and the proceeds from sale are also recognised as 'Income from other trading
				activities'.
				Goods donated for on-going use by the charity are recognised as tangible fixed assets		Yes*	No	N/a*
				and included in the SoFA as incoming resources when receivable.
				Gifts in kind for use by the charity are included in the SoFA as income from donations		Yes*	No*	N/a*
				when receivable.
Donated	services snd			Donated services and facilities are included in the SOFA when received at the value	of	Yes*	No*	N/a
facilities				the gift to the charity provided the value ofthe gift can be measured reliably.
				Donated services and facilities that are consumed immediately are recognised as income		Yes*	No*	N/a*
				with an equivalent amount recognised as an expense under the appropriate heading	in
				the SOFA.
						Yes*	No*	N/a*
Support costs				The charity has incurred expenditure on support costs.
Volunteer		help		The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.		Yes*	No*	N/a*
Income from			interest,	This is included in the accounts when receipt is probable and the amount receivable can		Yes*	No*	N/a*
royalties	snd		dividends	be measured reliably.
Income from			membership	Membership subscriptions received in the nature ofa gift are recognised in Donations	and	Yes*	No*	N/a*

subscriptions	subscriptions	subscriptions		Legacies.
				Membership subsciiptions which gives a member the right to buy services or other		Yes*	No*	N/a*
				benefits are recognised as income earned from the provision of goods and services	as
				income from charitable activities.
Settlement claims		of insurance		Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10to 5.12FRS102SORP) and are included as an item of other income in the SoFA.		Yes*	No*	N/a*
Investment losses		gains	and	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end ofthe		Yes*	No*	N/a*
				year.
2.3 EXPENDITURE				AND LIABILITIES
				Liabilities are recognised where it is more likely than not that there is a legal or		Yes*	No*	N/a*
Liability		recognition		constructive obligation committing the chadity to pay out resources and the amount obligation can be measured with reasonable certainty.	ofthe
Governance		and	support	Support costs have been allocated between governance costs and other support.		Yes*	No*	N/a*
costs				Governance costs comprise all costs involving public accountability ofthe charity and its
				compliance with regulation and good practice.
				Support costs include central functions and have been allocated to activity cost
				categories on a basis consistent with the use of resources, eg allocating property costs		Yes*	No*	N/a*
				by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with		performance		Where the charity gives a grant with conditions for its payment being a specific level of
conditions				service or output to be provided, such grants are only recognised in the SoFA once	the	Yes*	No*	N/a*
				recipient of the grant has provided the specified service or output.
Grants payable without performance conditions				Where there are no conditions attaching to the grant that enables the donor charity realisticaliy avoid the commitment, a liability for the full funding obligation must be	to	Yes*	No*	N/a*
				recognised.
						Yes*	No	N/a*
Redundancy		cost		The charity made no redundancy payments during the reporting period.
						Yes*	No*	N/a*
Deferred income				No material item of deferred income has been included in the accounts.
Creditors				The chadity has creditors which are measured at settlement amounts less any trade discounts		Yes*	No*	N/a*
				A liability is measured on recognition at its historical cost and then subsequently		Yes*	No*	N/a*
Provisions		for liabilities		measured at the best estimate ofthe amount required to settle the obligation at the
				reporting date
Basic financial instruments				The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102SORP. Subsequent measurement is as per paragraphs 11.17to 11.19, FRS102SORP.		Yes*	No*	N/a*
2.4ASSETS
Tangible fixed assets for				These are capitalised if they can be used for more than one year, and cost at least
use by charity						Yes*	No*	N/a*
				They are valued at cost.
				The depreciation rates and methods used are disclosed in note 14.
Intangible	fixed assets			The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody		Yes*	No*	N/a*
				or legal rights. The amortisation rates and methods used are disclosed in note 15.
						Yes*	No	N/a*
				They are valued at cost.
Heritage assets				The chadity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation		Yes*	No*	N/a*
				rates and methods used as disclosed in note 16.
						Yes*	No*	N/a*
				They are valued at cost.
				Fixed asset investments in quoted shares, traded bonds and similar investments are
Investments				valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be		Yes*	No*	N/a*
				measured reliably in which case it is measured at cost less impairment.
				Investments held for resale or pending their sale and cash and cash equivalents with a		Yes*	No*	N/a*
				maturity date ofless than 1 year are treated as current asset investments
Stocks and		work	in	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or		Yes*	No*	N/a*
progress				net realisable value.

										~	'	~
Note 3			Income
															Restricted
														Unrestricted	income	Endowment
				Analysis				of		income				funds	funds	funds	Total funds		Prior year
																	E		E
Donations		Tithes												8,400			8,400		12,747
and legacies:		General Gift Aid	Offerin			s								18,423 5,821			18,423 5,821		11,580 4,457
		General	grants		provided				by government/other					16,606			16,606
		Membership		subscriptions						and	sponsorships
		I'
		Donated	cods		facilities				and		services
		Other
													Total	49,251			49,251		28,784
Charitable		Rents Received												920				920	5,214
activities:
		Other
													Total	920				920	5,214
Other trading
activities:
		Other
													Total
Income from		Interest	income
investments:		Dividend	income
		Rental and		leasin			income
		Other
													Total
Separate
material	item
of income
													Total
Other:		Conversion		of endowment						funds		into income
		Gain on	disposal			of a tangible					fixed asset		held
			t
		Gain on	disposal			of a programme						related
		Royalties	from		the		exploitation				of	intellectual
		Other
													Total
TOTAL INCOME														50 171			50	171	33998

Note 5		Ex	pendi	ture
						This	year			Last	year
						Restricted				Restricted
					Unrestricted	income	Endowment		Unrestricted	income	Endowment
	Analysis				funds	funds	funds	Total funds	funds	funds	funds	Total funds
Ex enditure on raisin		funds:
Total expenditure	on raising funds
Expenditure on charitable			activities:
Wages and Salaries					11,197			11,197	11,071			11,071
Rent Rates and Insurance					2,823			2,823	4,419			4,419
Light and Heat					2,232			2,232	2,256			2,256
Repairs and Renewals					3,705			3,705	3,049			3,049
Donations and Gifts					3,850			3,850	3,237			3,237
Telephone postage	and stationery				998			998	1,035			1,035
Cost of Fundraisin					569			569	953			953
Le al and Professional					1,281			1,281	934			934
Bank Char es and Interest					127			127	427			427
De reciation					1,656			1,656	1,812			1,812
Total expenditure	on charitable			activities	28,436			28,436	29,193			29,193
Se arate material	item	of	ex ense
Total
Other
Total other expenditure
TOTAL EXPENDITURE					28,436			28,436	29,193			29,193

was paid p	lease en	ter '0	'in the appropriate	box(es).
							This year	Last year
								E
Independent	examiner's		fees				320	300
Assurance	services	other than independent		examination
Tax advisory fees
Other fees	(for example:		financial advice, consultancy,		accountancy	services) paid
to the independent		examiner

					Leasehold	land &	land &	leasehold	Fixtures, fittings and	Total
					buildings			Improvements	equipment
At the beqinninq		ofthe year				44	263	40 091	26408		110762
Additions									1,736		1,736
Revaluations
Disposals
*
Transfers
At end ofthe	year					44,263		40,091	28,144		112,498
14.2 Depreciation			and impairments
				**Basis	SL or RB	(Straight		SL	SL	SL
					Line or Reducing
					Balance)
				**Rate	1.25			10	20
At beqinninq	of	the	year			16	590	40 091	25510		82 191
Disposals
Depreciation							553		1,103		1,656
Impairment
Transfers*
At end ofthe	year					17,143		40,091	26,613		83,847
14.3 Net book		value
Net book value		at the beginning		ofthe		27,673			898		28,571
year
Net book value		at the end ofthe		year		27,120			1,531		28,651

			This year f	Last year f
Tax Refunds			9,411	6,801
Rent Receivable				60
Prepayments	and accrued income		20	1,290
Other debtors			24	24
		Total	9,455	8,175

Note	11 Cash at bank and	in hand
					This year f	Last year E
Short	term cash investments	(less than 3 months	maturity	date)
Short Cash	term deposits at bank and on hand				45,350	25,966
Other
Total