2020-12-31-accounts

Directors		(Trustees)	(Trustees)			Jane Grant
						Peter Holman
						Tom Ravetz
						Lesley Taylor
Senior Management				Team:		Katy Lockwood-Holmes		—Chief Executive
						Christian Maclean
						Susan Bestow (to31July 2020)
Auditors						Geoghegans
						Chartered Accountants
						6StColme Street
						Edinburgh
						EH3 6AD
Bankers						Bank ofScotland
						8 Morningside	Road
						Edinburgh
						EH10 4DD
						Triodos Bank
						24 Hanover Street
						Edinburgh
						EH2 2EN
						Aldermore Bank (to30		December 2020)
						100West Regent Street
						Glasgow
						GU2 2QD
Solicitors						Balfour & Manson
						54-66 Frederick	Street
						Edinburgh
						EH2 1LS
Registered		Office				22 Baylie Street
						Stourbridge
						West Midlands
						DY8 1AZ
Principal	Office					Canal Court
						40Craiglockhart	Avenue
						Edinburgh
						EH 141LT
Company		Registration		Number		02398655
Charity Commission			Registration		Number	801790
OSCR Registration			Number			SC041837

						Total
			Unrestricted	Restricted	Total Funds	Funds
		Notes	Funds	Funds	2020	2019
Income from:
Charitable activities			2,055,581	7,900	2,063,481	1,995,569
Grants —COVID 19			39,434		39,434
Donations and legacies			1,184		1,184
Other trading activities			2,500		2,500	2,500
Investments			8,719		8,719	11,645
Total income			2,107,418	7,900	2,115,318	2,009,714
Expenditure on:
Charitable activities		7	(1,970,645)	(7,900)	(1,978,545)	(1,921,945)
Total expenditure			(1,970,645)	(7,900)	(1,978,545)	(1,921,945)
Net income and movement	in funds	8	136,773		136,773	87,769
Reconciliation offunds:
Total funds brought forward			1,879,299		1,879,299	1,791,530
Total funds carried forward		10	2,016,072		2,016,072	1,879,299

at 31December 20	20
									Notes			2020	2019
Fixed Assets
Tangible assets									12			28,635	6,307
Investments									13			5,000	5,000
												33,635	11,307
Current Assets
Stocks									14			610,493	515,125
Debtors									15			1,173,040	1,034,267
Cash at bank and in	hand											714,097	735,597
												2,497,630	2,284,989
Liabilities
Creditors: Amounts	falling due			within one year					16			(484,517)	(391,997)
Net Current Assets												2,013,113	1,892,992
Total assets less current		liabilities										2,046,748	1,904,299
Provisions for liabilities									17			(30,676)	(25,000)
Net Assets												2,016,072	1,879,299
The funds ofthe charity:
General Funds - unrestricted									18			2,016,072	1,879,299
Restricted Funds									18
												2,016,072	1,879,299
These financial statements			have been prepared			in	accordance		with	the	special	provisions of	Part 15ofthe
Companies Act 2006 relating				to small	companies		and	constitute		the	annual	accounts required by the
Companies Act 2006 and		are for circulation to members						ofthe	charitable		company.

				2020	2019
				E	E
Netincome for the reporting period		(asper the SOFA)		136,773	87,769
Adjustments for:
Depreciation				8,348	7,685
Interest from investments				(8,719)	(11,645)
(Increase) in stocks				(95,368)	(40,550)
(Increase) in debtors				(138,773)	(285,143)
Increase in creditors				92,520	29,682
Increase in provisions				5,676
Net cash provided by/(used injoperating			activities	457	(212,202)
STATEMENT OF CASH FLOWS
forthe year ended 31December 2020
				2020	2019
				E	E
Cash flows from operating	activities:
Net cash provided by/(used	injoperating		activities	457	(212,202)
Cash flows from investing	activities:
Interest from investments				8,719	11,645
Purchase oftangible fixed	assets			(30,676)
iyet cash flow (used inj/provided byinvesting activities				(21,957)	11,645
Change in cash and cash equivalents		in the year		(21,500)	(200,557)
Cash and cash equivalents	at the beginning ofthe year			735,597	936,154
Cash and cash equivalents	at the end	ofthe year		714,097	735,597

					2020	2019
					E	E
Books	and	incidental	sales	income	2,055,581	1,971,169
Grants					7,900	24,400
					2,063,481	1,995,569

3	Grants —COV	ID 19
					2020	2019
					E	E
	HMRC —QRS	grant			39,434
	All donations	received	in the year due to COVID	19were unrestricted.
4	Donations and legacies
					2020	2019
					f	f
	Contribution	received from landlord for Tenant's		improvements	1,184
	All donations	received	in the year were unrestricted.
5	Other trading	activities
					2020	2019
					E	E
	Consulting income				2,500	2,500

6	Investment	income
			2020	2019
			E	E
	Interest received		8,719	11,645

		2020	2019
		E	E
Cost ofbooks sold		847,598	846,519
Distribution	and advertising	464,145	407,482
Travel and	book fairs	1,842	22,412
Trade subscriptions		1,494	1,941
Foreign exchange gain		(440)	722
Donations	and grants	10,000	15,000
Support costs (see note 8)		637,265	610,646
Governance	costs (see note 9)	16,641	17,223
		1,978,545	1,921,945

8	Support costs		2020	2019
			E	f
	Salaries and	consultancy	541,470	530,029
	Postage and	stationery	8,876	11,732
	Depreciation		8,348	7,685
	Property expenses and insurances		73,692	47,279
	Professional	fees	860	300
	Sundry expenses		4,019	13,621
			637,265	610,646
9	Governance	costs	2020	2019
			f	E
	Audit and accounting fees		6,580	6,113
	Board expenses			179
	Salaries and	consultancy	10,061	10,931
			16,641	17,223

10	Net income/(expenditure)	forthe year	forthe year	2020 E	2019 f
	Stated after charging/(crediting):
	Depreciation offixed assets			8,348	7,685
	Auditors' remuneration		audit	4,084	3,850
			otherservices	2,496	2,263
	Operating lease payments			11,061	23,732
	Foreign exchange (gain)/loss			(440)	722
11	Employee information			2020	2019
				f	E
	Staffcosts during the yeor amounted		to:
	Wages and salaries			432,739	427,491
	Social security costs			34,194	35,277
	Employer pension costs			80,348	74,692
				547,261	537,466

for t	he year ended 31December 2020
12	Tangible fixed assets	Tenants	Fixtures
		Improvements	& Fittings	Total
		E	f	f
	Cost
	At 1January 2020	32,289	18,891	51,180
	Additions	30,676		30,676
	Disposals	(32,289)	(549)	(32,838)
	At 31December 2020	30,676	18,342	49,018
	Depreciation
	At 1January 2020	27,048	17,825	44,873
	Charge for year	7,282	1,066	8,348
	Disposals	(32,289)	(549)	(32,838)
	At 31December 2020	2,041	18,342	20,383
	Net Book Value
	At 31December 2020	28,633		28,635
	At 31December 2019	5,241	1,066	6,307

financial sta	tements atf5,000(2019:E5,000).
Stocks		2020	2019
		f	E
Work in progress		58,374	76,526
Publications	for resale	552,119	438,599
		610,493	515,125

at3	1December 2020
15	Debtors									2020		2019
										f		f
	Trade debtors									823,460		681,347
	Other debtors									49,580		52,920
	Christian Community	in GBloan								300,000		300,000
									1,173,040		1,034,267
	The loan term was	extended	by 6 months to 30June		2021, by	way	of a written			agreement	in	January
	2021, with a facility	to be recalled		in part, or in full, with three		months		written		notice. Interest		is being
	charged at 2%above the Bank		of England base rate per		annum.
	The loan is secured	by a guarantee		from the Foundation	The Christian		Community			(International).
16	Creditors: Amounts	falling due	within one year							2020		2019
										f		f
	Trade creditors									444,745		374,773
	Accruals									14,606		10,120
	Deferred income									8,596		2,300
	Other creditors									16,570		4,804
										494,917		391,997
	Deferred Income 2020
					Balance							Balance
					1Jannary	Deferred			in	Released in	31	December
					2020 f			yearf		yearf		2020 f
	Frieling grant							6,596				6,596
	Kovacs —'Michael letters' publication				2,000							2,000
	Australia trip 2020				300					(300)
					2,300			6,596		(300)		8,596

Deferred	Income 2019
				Balance			Balance
				1January	Deferred in	Released in	31December
				2019 f	year f	yearf	2019 f
Creative	Scotland publishing		grant	12,750		(12,750)
Subsidy —'The Holy Year'				500		(500)
Kovacs —'Michael letters'		publication			2,000		2,000
Australia	trip 2020				300		300
				13,250	2,300	(13,250)	2,300

at3	1December 2020
18	Funds
	2019		Balance at			Balance at31
			1January			December
			2019	Income	Expenditure	2019
			E	E	E	E
	Unrestdcted funds:
	General		1,791,530	1,985,314	(1,897,545)	1,879,299
	Restricted funds:
	Bookpublication	grants
	Creative Scotland			17,000	(17,000)
	Other			7,400	(7,400)
				24,400	(24,400)
	Total funds		1,791,530	2,009,714	(1,921,945)	1,879,299
19	Analysis ofnet funds			Unrestricted	Restricted	Total
				E	E	E
	Fixed assets			33,635		33,635
	Net current assets			2,013,113		2,013,113
	Provisions for liabilities			(30,676)		(30,676)
	Net assets at 31	December 2020		2,016,072		2,016,072
	Fixed assets			11,307		11,307
	Net Current assets			1,892,992		1,892,992
	Provisions for liabilities			(25,000)		(25,000)
	Net assets at 31	December 2019		1,879,299		1,879,299

	2020	2019
	Buildings	Buildings
	E	f
Not later than one year	35,108	23,219
Between two and five years	129,371
	164,479	23,219

21	Analysis ofchanges	in net funds
			At	1January 2020	Cash flows	At 31December
						2020
					E	E
	Cash at bank and in	hand		735,597	(21,500)	714,097