Bangor Community Church Receipts and Paym9nts Accountfor the Year Endod 31 D8cember 2020 Unrestricted Fund Re5tri¢ted Fund Dec-20 Totsl Dec-19 Total Note Recei Voluntary income Donations Investment Income other Income 108,904 108,904 112,629 Total receipts 108,904 108,904 112,629 ments.. Expenditure of charitable activitie: 107,691 107,691 103,565 Total payments 107,691 107,691 103,565 Net movement in funds 1.213 1,213 9,064 Reconciliation of funds: Total Funds brought forward 210.560 210,560 201,496 Total Funds carrigd forward 211,773 211.773 210,560 The notes on pages 6 and 7 form an integral part of these financial slalements Page 6 Bangor Community Church Statement of Assets and Llabllties for the Year Ended 31 December 2020 2020 2019 Note Fixedass&ts.' Tan9ible fixed assets 166.136 167,829 Current assets.. Debtors Cash at bank and in hand 40,294 5,944 42,361 4.720 46,238 47.081 Creditors: amount falling dug Wlth ona year 600 4.350 Net current assets 45,638 42,731 Net Assets 211 773 210560 Chari funds.. Unresliicted Fund Reslricled Fund 211,773 210,560 211 773 210560 The Financial Statements were approved by the Board of Trustees on and signed on ils behalf by.. Mr Ryan English Trustee The notes on pages 6 and 7 form an integral part of these financial slalements Paga 7 Bangor Community Church Notes to the Financlal Statements for the Year Ended 31 December 2020 1 Accountlng Pollcles 1.18asis of preparatlon These financial slaletnents have been prepared underthe historical cost basis and the Trustees have given due regard to the recommendations contained within the Slalement of Recommended Pr2clice °Accounling and Reporting by Charities" issued in March 2005 and applicable accounting standards. 1.2 Fund accountlng Incoming resource5 that may be applied for the Charity's generEJI purposes are treated as 'unreslricled' incoming resources and are credited to the 'unreslricled funds,. Funding for purposes designated for a specific purpose by the Trustees is credited to 'designaled funds,. Whefft a donation or grant is required to be used for a specified purpose, the amount concerned is Irealed as a 'restricted' incoming resource and is credited lo the appropriale'restricted fund.. 1.3 Incoming resources All incoming resources 8re included in the statement of financial activities when the charity is enlilled to the income and thè amount can be quantified with reasonable awuracy. The following specific policies are applied lo particular cal￿OrIeS of income.. Donated setvices and facilities are included al the value to the charity where this can be quantified. Investment income is included when re￿1Vable. Incoming resour￿$ from grants, where related to performance and specific deliverables, are accounted for as the charity egrns the right lo consideration by ils performance. 1.4 Bank interest Bank interest is recognised as an incoming resource when it is credited to the bank slalement. All bank interest is treated as unrestricted income lo the General Fund. 1.5 Resources Expended Expenditure is reoognised on an accrual basis as a liability is incurred. Expenditure includes any VAT that cannot be fully recovered. and is reported as part of the expenditure lo which it relates. Tangible assets Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date of evaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losse5. Depreciation Depreciation is calculated so as lo write off the Gost or valuation of an asset. less ils residual value, over the useful econotnic life of that asset as follows.. Fixtures and fittings Motor vehicles. 25°/0 reducing balance 25.10 reducing balance Page 8 Bangor Community Church Notes to the Financlal Statements for the Year Ended 310eGember 2020 Donations 2020 2019 Gifts & offerings Gift aid Missions Sundry incorne Ray of Hope 77,423.73 14,579.00 150.00 16,751.10 66,232.10 22,763.37 156.00 23,457 78 20.00 108,904 112,629 Investment income 2020 2019 Interest received other income 2020 2019 Insurance claim Ex diture on charlta activities 2020 2019 Staff costs Premises Communi18tion & IT General office Finance costs Goveran¢e costs Motor 2nd travel Ministry gifts Church Departments Depreciation 26,072.00 19,937.78 2,886.01 5,911.15 126.00 43,105.10 1,695.89 1,880.68 4.382.32 1.694.00 7,758.00 29,127.55 4,496.84 6,439.02 940.10 42,194.20 2,991.36 5,053.39 2,306.27 2.258.49 107,690.93 103.565.22 Ind8 endent Examination fees 2020 2019 Fees payable to the independent exarniner for the independent examination of the financial staterrEnts 2750 600 Page 9 Bangor Community Church Notes to the Financial Statements for the Year Ended 31 Decembar 2020 Staff Costs 2020 2019 Wages and salaries 26,072 7,758 Trustee rgmuneration Paster J Nabi. a trustee was paid £22,03612019 £35.7121, Paster Nabi is self employed. Fixed Assets Al 01-Jan-20 Additions 5.943.90 At 31-Dec-20 Costs Lancl and buildings Fixtures & fillings Motor vehicles 161,054 19,074 4,888 161,054 19,074 4.888 185,016 185,016 Al 01-Jan-19 Charge for year Disposals Al 31-Dec-20 De recialion Land and buildings Fixtures & fittings Motor vehicles 15,048 2,139 1,007 687 16,055 2,826 1,694 18,881 Car in amounts Land and buildings Fixtures & fittings Motor vehicles 31-Dec-20 161,054 3.019 2.062 31-Dec-19 161,054 5,368 3,666 166,135 170,088 Debtors 2020 2019 Prepayments other debtors 40,294 42.361 40,294 42,361 10 Creditors 2020 2019 Bank loans and overdrafts Accurals Other creditors 600 600 3,750 600 4.350 Page 10