Christ Church (Congregational) Abbots Cross Accounts Period I"January 2020 to 31 December 2020
Content5 Foreword by Charity Trustees Receipts and payments Account Statement of assets and liabilities Analysis of Missionary disbursements Notes to the accounts
Foreword by the Trustees The accounts for Christ Church (Congregational) Abbots Cross have been prepared on a receipts and payments basis. The accounts are published to comply with our registration as a charity with the th Charity Commission for Northern Ireland on 12 May 2016. Abbots Cross is not a fund raising body, income is from voluntary/freewill sources contributed by members and other attendees/adherents and we are grateful to all those who have contributed. Our Trustees Annual Report gives a brief but broader picture of Abbots Cross. Thanks also to lan Murray and Co. Carrickfergu5, for carrying out the examinatlon of our accounts.
CHRIST CHURCH CONGREGATIONAL Abbots Cross Financial Statements for the ar ended 31st December 2020 Recei ts and Pa ents Account for the ear ended 31st December 2020 UhreStrkt Restrlcted Endowment Funds Funds Total 2020 Tot•1 2019 Recei Voluntary giving Gift Aid Donations and Bequests Other Income Investment Income 154,372 20,241 1.780 5,652 162 4.159 158,531 20,241 4.735 5,652 162 165.569 22,467 8.018 2.955 213 182,207 7.114 189.321 196,267 men Cost of Fundraisin8 Charitable Activities Governance Costs 215.058 520 215.578 7.248 221,786 177,366 7.248 221,786 177,366 Before transfers between funds 133.371) 11341 132.4651 18.901 Transfers between Funds rntln 133,371) (134 132,4651 18,901 The reconciliation of the receipts and payments shown above to the total funds of the Church is disclosed on the followin8 page
CHRIST CHURCH CONGREGATIONAL Abbots Cross Financlal Statements for the ear ended 3tst December 2020 Statement of Assets & Llablllties ReconcSllation ol Receipts and Payments Acuftt unrn$trlrt Restricted Endowment Funds Funds Funds Total 2020 Total 2019 Opening Funds at be8innin8 of year Surplusl (Deticit) for the year 92,285 132.331) 59.954 134 11341 92,419 132.465) 59,954 73,518 18.901 92.419 Non- Momentsry adlustment Closing Funds at end of year 59,954 59,954 92,419 H¢ld as followlrfs: Bank Current Account No. I Bank Current Account No.2 Cash In hand Other 59.954 59,954 92,419 59,954 59.954 92,419 Non.monetsry Assets (not Included abwel *ll otal Fund 4.931.CMX) 355,• 5.286,0(1 Fund 1019 Church, Halls & Contents Manse 4,931.000 355,000 5,286,LN)O The trustees are of the opinion that given that the age of the Church buildings & Other property that the most approprlate basls of valuation is the Insurance cover which is shown above. Staternent ol Materlal Uabllltles The Trustees are not aware of any material Ilabillties at the date of this Report Approved by the trustees on 25th Febvuary 2021 •nd s18ned on thelr behall by:" T McLernon Trustee 8 8ell Trustee
CHRIST CHURCH CONGREGATIONAL Abbots Cross Financlal Statements for the ar ended 31st December 2020 An Matthew & Liz Cuthbert (NTM) Stephen e (NTM) Tim & Lynsey Johnston (Brazil) Heather Wilson (FM) CEF {for Beverley Mcmaster suppoi Bevedey Mcmaster (CEF) Kids4School Chrlstian Instltute CEF Seaview 4.746 4,746 4,746 2.723 2.373 2,427 1,742 1,742 3,269 28.514 Page 7
CHRIST CHURCH CONGREGATIONAL Abbots Cross Flnanclal Statements for the ear ended 31st December 2020 Notes to the Accounts Basls of Accountln undef Recel ts & P ments Revenue that the Charity is entitled to is recorded when received. expenditure that the Chartty Incurred is recorded when paid. ose and nature of funds General unrestricted fund .' These are funds thai have been received carrying no restriction on their use and are put to purpose at the discretion of the trustecs in furtherance of thc obj¢cts of the Charity. The following destgnated fvnds are held within the g¢n¢wal unr¢stric*d funds. these discretionary fimds. arc set asid¢ by ih¢ Trustees for g $IfiC purpl. are fiJTMts subject to specific trus which arc dcrlared by the donorfs) and arc cxpcndablc by th¢ trustr¢s in furtheran¢¢ of som¢ parlicular &sp¢¢Us} of the objects of the charity. Thcse funds are subject to restriction (as to their usel imposcd by those from whorn the funts are obtained. R¢sourc¢s received bu¢ not yet expended At the end of ihe financial year are retained as a reserve. Endowm nt nds: where there is DO P)wer to convert the capit81 into income, is knuwn a¥ a permanent ¢ndowm¢nl fund and the capital is nomlally held indcfiniicly. Ivhere trustees havc thc powcr lo convert endowment funds into ineome. such funds aTC known as ex[ndable ¢ndowm¢nts. Any funds hcld under this closs1fition by thc Charity arc p¢Mnent. Trustee benefits Int 2020 2019 RÈmuneration 59.446 60,214 Reimbursed expense5 1,683 5,480 As explained in the TrLLeeS Rel. the only private b¢nefii flowing from our purpose in relation lo ihe trustees is to those in td employment within our congregation who r¢ceive b¢nefiLs ys a resuli of their holding otTice or employrnent. However. this is iocidental and ne¢¢&sary in order to further our clwitsble PUryKJse. There are no other privatc bencfits.