Charlty rngl$tration numb•r SC027629 (Scotland) ASSEMBLIES OF GOD - FRASERBURGH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020 ASSEMBLIES OF GOD- FRASERBURGH LEGAL AND ADMINISTRATIVE INFORMATION Trust4è8 (Appointed 22 Junè 20221 (Apptynled 22 June 2022) Ch#rlty numb•r (Scotland SC027629 RegS•t•r•d offl McAdams Heath Hospilal 8ra8 Strichen Aberdeenshlre S￿lI￿nd AB43 6RU Ind•p•nd•nt •x•mln•r Azels Audrt Servi￿$ 37 Abyn Place Ab8rde8n United Klngdom AB10 IJB Bank•rn The Royal Bank of Scolknd Pk 36 Sl ArKfrew Square Edlnburgh United Kiwm EH2 2YB ASSEMBLIES OF GOD . FRASERBURGH CONTENTS Pagè Trusl068' rep)rt Independent 6xamin&Vs report Slatement ol finanu81 aclivitiès Balance sha•1 Notes lo the financial stslomènts 8-21 ASSEMBLIES OF GOD - FRASERBURGH TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2020 Tho trustsos present t￿lf annual report aThJ finandal statemwts for the year ended 30 November 2020. Th8 financial slalements have been prepared in a¢cordance wlh the accounty'ng policies set out in note 1 to the financlal staléments and ¢omply ￿th the charit￿$ goveming thurnersl, th& Charities and Trusl$e Investmenl (Scollandl Act 2005, the Charilies Accounts IS¢ollandl R8gulab"ons 2006 las Amèndgdl and Accounting oné Reporting by Charits"Ès". sta￿ment of Recommended Pra¢tice applicable to ¢harities preparin9 their accounts in ac￿l￿anCe wtth the Fir￿n￿al Reportt'ng Stsndard applicab￿ in the UK and Rgpubb'c of Ireland IFRS 1021 {tffective 1 January 2019)-. Obloctlv•s and •¢tlvltl•• Obj•ctlv•• and aims The aims of the Church ar¢ lo advancè the Chrislian faith and to obserye the dc¢trines of Jèsus Christ for th9 benelll ol the publk in parti¢uL4r Ihrou9h Ihe holding of church m￿ting$, Prayor meolings and outreach 0¢￿VIlieS lo whi¢h invitations bre exlended Ihfoughout lh8 community. To further advance this alm and lo seek to deNb)nstrato tho nature of Chrlsl in humanlty, Iho thurch provides ommunity fa¢tlllios and 8cli￿￿•S for a rarvJe of groups, includlry th"fvJren and ywng peop￿, the gldèrfy and mlnorily ¢ommunrties. Misslons are very important to Ihe church and in accordance wilh bQilical leaching, funds are also u$od lo support causes of those who are disadvantaged and in need ol help. kJc811y, nalitinalty and inl&malionally. The ch8rity Carrles OLrt o wide range of advllies In pursuance of Ils tharitable aims. The truslevd consldèr that these acliville$. some ol which are m&nthon￿ below. provide pubhc bonefil - lo th• con9Tegallon. th& local community and lurther af￿ld. Strit•gle8 A$s&mbly of God Fras8rt)ur9h Seeks to provide a pla¢t lo encounter God, find encouragomgnt. experience ¢Jiscipknship, participate in livoty. revorent worship and Share dynamic f*lhxship wrth othol believers within Ihe church. A range ol a¢tNilies are provided lo cater for the need5 of the communty at the Assembly of God Fraserburgh and th& church wak0￿S Ihoso who wsh lo comg to find out moro about th¢ Christian laith and biblbcal teathirgs. Community outreachos do nol akvays have o sptiafic Telyious focus. bul instead are a demonstration ol Christ's teaching. which urges us lo love our ne(ghbour witllout thought of recompense. An Important part of the Chrisli8n faith is charttable 9iving, which we call lithing, in 8cc11rdan￿ wlth bibli¢al teaching o lenlh of income recelvèd is given to Ihe church in order to fund the church activbt(e$ and outreach. Sl9nlflcant •ctl¥ltl•s and achl•¥•ments Our activities comprise.. Rèllgious activities, deeponing undwstsnding of the Word of God thwh Assembty of God Fra$0th￿h and Ministry activities, as well as sowing into minis1￿5 and organis8tions near and far. and Communlty outreach across a range of age gmups in the Fraserburgh area.._ KKIS and youth group8, rneeting$ and oulings for retired. T￿j¢jIerS and parent groups. Fwd and cbthes banks. SthoDI inleraction through assembliès and life skill workshops. Soup and sweets. wèddirvJs. funwals. Additionalty, we have church servic8s, prayer meetings, family meetings. communh)n seThices. Th&ro are over 750 indivthluals usin9 the facilits'es in a 'slandafd' week. ASSEMBLIES OF GOD - FRASERBURGH TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 Volunteers As a Church, we are aware that somo peopte place value on [￿r or possèssh)ns - our greatèst ass81 Is our team of Voluntee￿ who serve failhfulty across ihe fifè of the chur¢h. W• wanl to say 8 huge Ihank you- lo every vcAuntser for ta￿n9 time from busy schedul&$ its participalo in mlnistry opportunitiès h8re at Assembty of Gcxj F[ase￿Ur9h. Behind the scenes. ¢entre stage, back stage, tog8lher we have all made a difference in the day-l¢>day lrfe of the Jocal Church and community. Fln*nclal rwl•w Prln¢lpal fundlng souK•s Tho Charit￿5 principal Sour￿ of income is Ihe receipl of grfls and donations from m8mb8rs of its congregation. R•serv•¥ pollcy And golng ¢on¢•rn The Iru$tees have reviewed the ￿SelVeS of the charity. Their poli¢y Is to I￿ld funds to meet four mot)ths operating costs of the chLtrch, excluding the colloction of tithes and offerings and the distribution of fijnds in terms ol outreach and mlssions. The Iwslees deemed £100,000 sufficienl 8$ al 30 Novembw 2020 fof the Genernl Fund and ¢onlinued lo designate th& remaining unrestricted funds to the Buikjing Fund. The deS￿nated Building Fund had a ¢loslng balanc¢ ol £1.066,397 12019.. £980,885), lotal unrostrth funds al 30 Nov&mber 2020 was £1 166,397 12019.. £1,080,885). The restricted Building Fund had a closing balance 01 £1.294,55812019.' £7,291,6711 and the roslricted Incomts bonds Closing bal8n¢e was £10,000 {2019'. £10.0001. Thè Cornmunity Prolgct Fund was Introduced this year lo provide for Ihose in need and had a closing balance of £4,16312019.' Nil) bringing lolal r8slricl8d funds a130 Novembei 2020 10 £1,308,721 12019.. £1.307.671}. The total fvnds held by Ihè ¢h8rity al thè balan¢8 shoel date was £2,475.118 (2019.. £2,382.556). The Iruslee$ have reviewed the likely ou1￿me ol the next 12 monlhs laklng Into account historic trends and F*rforrnance since the balance sheel dale. Tru51ees wnsider the charity lo be a going Concern as it is In 8 Posrtion lo meet ils financial liabililies as Ih&y fan due arKI will bg able lo do so lor a ￿rI0￿ of al least 12 months from tho dato the accounts a￿ sbned. The charty inl¢nds transitionityJ lo SCIO slatus in 2022 and a 8epara19 entSty exists lor this purpose {AOG Central Fraserburgh. SC0485101. During th& transition all assets and liabilities will b9 Ir8nsferTed to the new ¢rtlity. ReseTres are in place to ensurg tre going Co￿r￿ of the charitable aclivities are nol affected by this transilion. R•$ufti for th• yur Income for the year of £338.987 wa$ 18% knver than the equrvabent lost yoar 01 £415,751. This de¢r98$0 i not a$ significant as expected when we conS￿er Ihal many of th¢ church actiwtiets wern suspended (Ma￿h trwough November) due ￿ the govemment l&gislabon on Cowd-19 restrickn"ons. Expendituw in tho yèar of £246.425 w8s 26% Ichyer than Ihe equivalenl last year of £333.365, Ihl8 19 r&8stsnable given the redu¢4d charilable 8clivitw as a resuli of Cowd-19 restrbctitsns. Th8fofore, the ¢h8rity relumed a surplus of £92.562 for 2020.12019.. Su￿￿)$ of £B2,3881. thig was èdded to tho church reserves. ihus resulting in lotsl reserves at 301h November 2020 of £2,475,11812019.' £2,382.556}. These Te5erves are being ￿rried forward lo gupport the future work of the church. Futur• pl*n$ The Gurrent p￿miseS on 2 Queens Road, Frasothryh contrnLre5 to provKJe chamerges and ￿Mil Ihe church due lo the size constraints. lack of multi-lunctK•nalty and inaccessibility. A58embly of God Fraserburgh pur¢hased a disused supwmarket on Albert Street, Fraserburgh in 2016 with view of refurbishing the superrnarket into a fil for wrp05e building to accommodate Sunday gatherings and providè effective spaces for the ever4Jrowhw seN¢es and evenis beirvJ delivered by the church. As this projoct has pro9ressed, it has become apparent that it would ￿ more e¢onomral to d*molish the existing supermathel buijding erect a new purposè buAt buildin9 in its place in order to bètter achieve Iho charity's aims. ASSEMBLIES OF GOD - FRASERBURGH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 Stru¢turn. governan¢• and man•g•m•nt Trus1•• Appolntm•nt:. Truste9$ arts apwinted by a church vole. other than the senior leaders ry)le all roles are voluntary. PotenlSal candidates are rgcommended by Ihe curnent trustees. The con5titulion stslgs ihal ther8 should ￿ a nunimum of 3 trustoes. The Charity has not changed the Iwslees for è number of Yea￿ arnj a8 a resutt an induction program 15 not in place. How8v$r, thi8 will bg dev8loped Ihrwh 2022 bi y•parat*)n for a charoe. The day to day runnlng of th& organisation is d&l8galed lo the s6￿r Pastor lequivalenl of CEOI hls team. Inchjded In the team is 3 other Pastors {manag8rsl. part tlme councilbr and an Olf￿ manager. The $¢nior pastor is a board member. In addition I￿re is a ieam of volunteers that would take Instruc￿)n fro af0￿mentIoned team. On the si nin date of the )rt these roles were a8 1 Senior Paslor, Pastor, Pastor. Pastor. Councillor, an8ger. The trustees Sèl aN remun&ralion packages and make c*ang8s. Thi8 Is madè public 01 th8 annu81 AGM. Thls 18 reviéw annu81ty and tho So)ttish Edu¢èiion pay grados and ¢hanges 18 usad 8$ a 9UKIe. R•l•r•nc• and admlnl8tr•tlv• d•tsl R•4lit•r•d charlty nam• Ass•mbll•s 01 God . Frasethirgh Ch•rlty rngl¥tr•tlon numb•r SC027629 Prln¢lpal offle• McAdarn$ Heath Hospttsl Brae Strl¢hgn bgrdoen8htre AB43 6RU S¢oiland Th• trustw• Ind•p•nd•nt •xamln•r Azels Audit Sep¢ices 37 ￿byrt Pl8¢6 Ab8rd•en AB10 1JB The trustees. ￿pOrt wa5 approved by the 8oard of Trustees. Truslee Dated. ....ol::123..... ASSEMBLIES OF GOD- FRASERBURGH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFASSEMBLIES OF GOD- FRASERBURGH I report on the financial st81ements of the tharity for the year ended 30 November 2020. which are sel DUI on pages 5 to 21. Re$pectlve rospon$lbllhl•$ of trust••s and •xamln•r Tho Charity's tnJstee5 are responsible for the preparation of the financial ststsm&nts in accordance with the lem)s of thg Charib&s and Truste¢ Investments {Scoll&ndl Act 2005 and the Charities A¢counts (Scotlandl Régulatsons 2006. The charity's Iruslees consider that the audit requiremènt of Regulation 1011 Ila) lo 1¢) of the 2006 Accounts Regulations ¢Joes not appty. 11 is my responsibility lo examine Ihe financlal statements a$ required under section 4411 Ilc) of the A¢t arKI to state whether parficJJkgr matter5 have lo my atten￿1)n. Ba¥1• of Indèwnd•nt •x*mln•rfs statsm•nt My examination is carrie(l out in aeoydance wth Regulabon 11 of thè 2006 Accounts Rg9ulalons. An oxaminalion includes 8 review ol the accounling r&cords k&pl by the charity and a ¢omparlson of the financial 8t8tements presented with those reco￿$. It 8150 includes ￿nSideratIon of any unusual items ol dis¢lo$urè8 in Ihe financial ¥talementS, and Seeks expLanats'ons from the trustees con¢emlng any such matters. The procadures undertaktsn do not provide 811 the evidonco lhat would be reguired in an audit and consequantly I do rboi èxpr8ss an audil opinion on the view givon by tho financial statemonts. Inde￿ndefit •x•mln•rfs stst•m•nt In ¢onnection with my examination. no mattar has come lo my attention". 101 which gives me reasonabl• ¢èuse to bolieve Ihal in any mglerial respect th& wuir6Fnents'. {1) lo keep ac¢ounttng records in gccordance ￿th secllon 4411118} of Ihe 2005 A¢t and Regul8tlon 4 of the 2006 Accounts Regul8llons'. and lill lo prepare financial statèments whi¢h accord wilh lh• a¢c¢yJnbng records •nd comply with Re9ul81ion 8 01 tho 20(￿A￿O￿nIS ReguLatiM8: have not been mel or Ibl lo which, Sn my opinion. atlenlitin sh)ukl ￿ drnwn in 0￿r to enablo 8 proper undorstsnding of tho rinanclal $lal8monts to bo reach8d Azets Audit Services 37 Albyn Place Aberdeen AB10 IJB Unitod Kingdom Dated.. 0711112022 ASSEMBLIES OF GOD- FRASERBURGH STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2020 Currenl Ilnanclal y•ar Unr•strlctedUnrestrlctod R••trfcted funds funds funds g•neral d•8lgnat•d 2020 2020 Total Totsl 2020 2020 2019 Not•s Donations and legaaès Charitable a¢llvrties In￿sIm•￿ts 312.746 3,160 20.675 333.421 3,160 2.406 398.956 12.369 4,426 T•lal Incom• 318.312 20.675 338,987 415,751 Charitablo activlll$s 236.879 9,546 246,425 333,365 N•t In¢omlng r￿oUrc•S b•for• tr•n•f•r• 81.433 11,129 92,562 82,388 Sn¢omlng r•#our¢•¥ b•for• traMf•r• 81,433 11,129 92.562 82.386 Gross transfers b8trMen funds 181,4331 85.$12 14.0791 N•t In¢om• fof th• y••rl t4•t movom•nt In funds 85,512 92.562 82.386 Fund balances èt 1 Doc•m￿r 2019 100,000 980.885 1,301,671 2.382.556 2.300.170 Fund b•lan¢M •t 30 Nov•mb•r 2020 100,CM)0 1,066.397 1.308,721 2,475.118 2.382,556 The statement of fln8ncial aclNities Incfude$ 8lJ galns and k)sses recognised in tho year. AJI Incomo and expenditure delive from contInu￿￿ actsvilles. ASSEMBLIES OF GOD- FRASERBURGH STATEMENT OF FINANCIAL ACTivrriES (CONTINUEDI INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2020 Prlor finan¢lal y•ar Vnre•trlct•d Unr•alrl¢tod Restrkted fund$ funds funds 9en•ral d•slgn•t•d 2019 2019 Total 2019 2019 DonalK)ns and legacles Charitable a¢Uvlles Inveslmonls 357.014 12.369 4.426 41,942 398.958 12.369 4.426 Total In¢om• 373,809 41.942 415,751 charItab￿ actlviti•$ 330.673 2,692 333,365 Net Incomlng r••our¢•i b•for• tr•Mf•r• 43.136 39,250 82,388 Gross Iransf&rs behfftn funds {43.136} (63,1451 106,281 Net Incom• for t￿ y•arl N•t mov•m•nt In fundj {63,145) 145.531 82.386 Fund balanc98 al 1 December 2018 100,000 1,044.030 1.156,140 2.300,170 Fund b•lan￿￿ at 30 Nov•mb•r 2019 100.000 980.885 1,301,671 2.382,556 ASSEMBLIES OF GOD- FRASERBURGH BALANCE SHEET ASAT30 NOVEMBER 2020 2020 2019 Not•$ Flxed •$$vts Tangible a&sets Investmènts 10 11 978.568 10,000 916,408 10,000 988.568 926.408 Curr•nt Debtors Cash at bank and in hand 12 52.522 1,485.354 56,633 1.457,390 1.537.876 1,514,023 Cr•dltors: amounts falllng du• wlthln on• y•ar 13 (51,326) 157.875) current assets 1,486,550 1,456,148 Totsl as••t•1•81 ¢urY•nt Il*bllltl•s 2.475.118 2,382,556 Funds of th• ¢h*rlty Restricted funijs . Incoffle Bonds Restrict8d lun(J$ . Buildlng Fund Restn'ded funds- Community Piojecl Fund 10,000 1,294.558 4.163 10.000 1.291.671 14 1,308,721 1,301,671 Unrestricted funds - Ggn¥r81 Fund Do$1gnatsd funds- Burldlng FurKI I￿.1))0 1.066.397 100,C#)O 980,885 1,166.397 1,080,885 2.475,118 2.382,556 The fin8ncial ststements were approv¢d by the T￿￿teeS on......................... Tru81•• ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020 Accounting pollcl Charlty Infomiatlon Th8 chadty 1$ a public benefit eftbty and a registered chBrity in S¢oMand and 18 unincorporated. The address of the principal office is McAdams Htrath, Hospital Brae. Strichen. Abeidaenshire. A843 6RU. S¢otland. 1.1 Accounting conv•nllon The finan￿al statements hav& bèèn prepared in g¢¢ordan¢e with the charitys constitutson document, the Charlts$ and Trustee Investment {ScoUandl Act 2005. the Chanb"e$ A¢¢ounts (Scollandl Regulauons 2006 la8 amended) and 'k¢ounling and Rewrtlng by Charities.. SL2tement of Recommended Practice applicable lo charities preparing their ac￿￿￿tS in ac¢ordan¢o with Iht Ftnanual Reporting Standard appllcabl• in tho UK and RepuNic of Iro￿nd IFRS 102} (effective 1 January 20191. Tho charity Is a Public Bonefil Entlty as defined by FRS 102. Th¢ charity has taken advantage ol th8 promsions in the SORP for chariiw opplying FRS 102 Update Bullotin I nol Io Pfepare a Siaiomgnl of Cash Flows. The finan¢io1 slalements are prepared in steF1ing, which is th& functiorwl Gurrency of tho charlty. Monetary arrKJunls in these finan¢ial stal&mènts rounded lo noarast £. Thfj Ilnancial slalements have been prepared undor the hlslorkal ￿st convanllon. Tho prin¢Op81 accounting poli¢*&s adopted are sot out b81ow. 1.2 Golng conc•m Al the time ol approvlng the finanrAal statem8nls. the trustees have 8 reasonable expectstSon Ihgl the charity h8$ 8d&guale resources lo continue in operational exisl8nc¢ for the lore5eeabJe fulure. Thus th8 trusloes continue to a(Jopl thè going concem ba$ls ol acC¢￿ntIng in prepartng tho financial slalemenls. However. the chafity intends transitioning lo SCIO ststus and a separate èntity exists for thls purptrse IAOG Central Fraserburgh, SC0485101. During the transition all asset$ and ILqbillUe8 ￿11 be transferred to the new entity without any going ¢on¢om issues on thg ¢haritablo 8Ctiv¢ties. It Is the opinion of Ihe Trusl89$ Ihai lh8 COV1£￿19 pandgmk has 8 temporary and short-lerm impact on 1058 ol donations re¢e4ved and that the ¢harty will be #ble lo operale as a going ¢oncem. Th& impact h88 been considerably reduced compared w71h expeclattons. to d8te tho charity has nol fell the nee(5 to make use of govemmenl support schemes that have ￿en made availab￿. 1.3 Charltabl• funds Vnrestdcied funtls are av•iL8ble for use at the dI8¢￿tIon ol the Irustees in furtharance of thelr ch8dl8bl8 obJe¢live$. DesignatÈeJ fvntfs comprise funds whith have been set aside at the di$¢welion of the trustees for sFecific purposes. Tho pLtrpQ￿ and UBe8 of the designale¢J funds are sel out in th& notes lo the financial $lat&menls. Restricted lunds are subj8cl lo $petAfic c4)ndilions by as lo h(M they may be used. The purposos and uses of lh¢ restricted funds are OLrt In the note5 to the fina￿￿91 staiom&nts. ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 A¢¢ountSng p¢llcl•s {ConlSnu•dl 1.4 In¢om• Incom8 is recognised when the ¢h•rity is legally entiled to il after any perfonnance conditions have been mel. the amount8 can be measured r8b'abty. and K 15 probable that income wll bè received. Cash donath'ons are recognised on recelpl. Other doriatton$ are recognlyed once the charlty has beèn notified of thè donation, unless perfomiance ¢ondilK•ns require d$ferral of th& alr￿Unt. Income tax recoverab￿ in relation ¢0 donations received under Gtft Aid or dtreds of covenant 1$ recognised al the time of the donation. Assots for distribution are recogn0￿ only when distributod. Assets given for use by Ihe charily are recognised when receivJblè. Stocks of undislrftsuted donated g)od$ aro not valuens and gifts Donatèd gcrt)ds and services 312,746 16.535 329.281 357.014 41.942 398.956 4,140 4.140 Donatlon* •nd glft• Donations Bulldlng Fund Gift￿￿ returns Community Proi6cl Fund 285.231 285.231 4,361 30.237 9,453 324.101 324,101 10.000 64.855 4,361 2.721 9.453 10,000 31.942 27,515 32.913 312.746 16,S35 329,281 357.014 41,942 398,956 11 ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 Charitabl• actlvltè•• Chth•h Youth T•ddl•r• Totsl 2019 2020 2020 2019 2019 Charhabfe rental irKomtr Olher income 300 300 12,069 556 2.173 431 3.160 6,418 1,74S 556 2.173 431 3,160 300 6,418 1,745 12,369 12- ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVE&VBER 2020 Invgstm•nts Unr•$trl¢t•d Unreslri¢ted fvnd8 nds g•n•ral 9onerAI 2020 2019 Income from Gash investments Intérest r8cgivabl& 110 4,311 2,406 4.426 13- ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 Charitabh actlviti•$ Dlr•ct- Pro￿rtY and admln Support Dir•ct- Dlr•¢t- Gosts Outreach Oth•r and 9l¥lng ¢harltable actlvltlos 2020 Total 2020 Total 2019 2020 2020 2020 Stsff costs Slaff training Dèpreciation gnd Impairmonl Rates and water Light, heal and pow&r Rèpairs and m8Snlen8n¢e Insuranco Telephone Postag6. statKJnery and publicity Cleaning costs New buildin9 costs Sound equipment Computer expens Travel ¢09ts Missionary dislribulKsn arml suP￿rt Visiting Mlnislry Mlnistries Exo Day Cafe Bank charges Cataring and loilelri8S Miscellaneou8 expenses Chgrish Communty Project 143.477 2.140 143.477 2.140 151.992 838 1.787 1.633 8.708 4.24$ 2.394 1.523 1,787 1,633 8,708 4,245 2.394 1,523 24.972 1.451 8,680 4,156 1.982 759 2.779 9.390 116 2,779 9.390 116 4,851 9.120 2,692 10,428 10,428 320 2,814 2.053 16.329 20 16,329 20 8,564 27.874 9,720 14,7S2 5,623 10,170 1,659 6,235 7.954 8,984 919 919 6,904 1,599 100 9,430 1.599 9,430 43.003 145.817 25.233 18,952 232,805 310.415 Shor8 of govemanco costs (See note 7) 13.620 13.620 22,950 43.003 159,237 25.233 18.952 246,425 333,365 ATralysl$ by fund Unrestricted funds- ntrral Restricted funds 42.887 116 159,237 25.233 9,522 9.430 236,879 9,546 330,673 2.692 43.003 159.237 25.233 18.952 246,425 333.365 14- ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 Charitabl• actlvltl•$ IContlnu•dl For th• y•ar •nd•d 30 Novemb•r 2019 Dlr•rt. Support Dlrect- Dlrect- Property o$ts Outr•a¢h Oth•r and •dmln *nd glving eharltable a¢tlvbtl•$ Total 2019 Slaff costs Depwlallon and Impalm￿nI Rates and waltsr Llghl, h881 and power Repairs and maintenance In5ur8nc Telepho Postage, stat￿nory and publicity Cleaning costs New bullding cosls Sound equipment Computer expenses Travel costs Misslonary di51ribulHJn and $upw1 Visiting MinSslry Minislries her chèrilablg QXPgndrtur• 151,992 151.992 24.972 1.451 8.680 4,156 1,982 759 4,851 9,120 2,692 1.084 2.814 2.053 27,874 9,720 14.752 41,463 24.972 1,451 8,680 4.156 759 4,851 9.120 2.692 1.084 2.814 2.053 27.874 9.720 14,752 15,793 838 24,832 62.561 152,830 70,192 24.832 310.415 Share of govemance cosls18tt note 7) 22,950 62,561 175.780 70.192 24,832 333.365 Analysls by fund Unrestricted funds- general Rèstricted fund$ 59.869 2.692 175.780 70,192 24,832 330,673 2,692 62,561 175.780 70.192 24.832 333.365 1s- ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 Gov•manc• costs 2020 2019 Audltofs remuneTO1ion Indepen￿nt examination fè8$ AOG Scotush Reg￿n 8,730 10,200 4,020 9,600 4.020 13,620 22.950 Trusts•• One Trustee was empkjyed In t￿ year. A total of £50 w¥$ reimburs¢d for exp&ns&8 pald wr￿nallY {2019.' £1141. Is a TnJst88 and was empbyed as Se PQ1151on contributions 01 £3.10712019.' £2,5501. expense812019.' £27 for compuler expenses). with a salary of £38.83312019'. £36,000) was also reimbursed £50 for staff trainlng was 8 Trustee in the prior year and has nol been r01mbu￿0￿ fty any •xp&nse$ In th& 2020 fln8n¢lal year12019.. £87 lor calgrin9 oxponsesl. Conn•¢t•d Pèrnon• One COn￿Cle￿ person was empkiyad In the ￿ar. A total of £9,832 wo$ reimbursod for expens9$ pald pttrsonalty12019.' £7,352). is a connected person by marriage and was empb)yed as Adminislralor with a salary ol 9.. £13.2801 a¥KI ￿Tr$I0n ¢onlribLthns of £1,302 12019- £9381. was also rnimburs•d 8 lotsl of £9.42312019'. £6,112) for the folknmng expenses,. Telephone- £2912019.. Nil} FiX￿re$ and equipmgnt: Nil12019.. Nil) Computer expenses.. £20912019: £348) Mlsc. exp8ns•s'. £61612019.. £1,547) Travel: Nil12019.. £1.7741 Exo Day.. Nil12019. £220} Minislriès.. £3,43512019.' £295) Visiting Ministry.. Nil12019.. £4951 Missk)nary Distrib￿lon & Support: £17212019.. £1001 Insurance.. Nil12019- £401 Catering & TOl￿trIes.. £4,12212019'. £1.2931 Repalrs & Maintenance- £18012019.. N￿> Staff Tr4ining.' £66012019-. Nil) is a connected person by marriag0 and was reimbursed a total of £40912019.. £1.2401 lor the following expenses.. Misc. expenses.. Nil12019'. £2951 Catering & Toilelries.. £409 {2019: £945} -16- ASSEMBLIES OF GOD - FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 Employws Th¥ aworage monthly number ofompbyees duri￿ tho yèar was.. 2020 Number 2019 Number Totsl ¥tsff Employm•nt t￿18 2Q20 2019 Wages and $ak9rie8 Social Securty cosls Other pgnsion ￿sts 124,970 8,238 10,269 135.463 8,381 8.148 143,477 151,992 There wgre rto employees whosè annual rèmunarabon was £60,LYJ) or mor8. 10 Tanglbl• flx•d Frn•hold AM•t• wbd•r Flxt¥r•• •nd rty ¢on•lnKtlon •qutyn•Thl 7ot•l Cost Al 1 D•c•mb•r 2019 AddlJons 552.725 407.004 63.947 78,112 1,037,841 63,947 AI 30 November 2020 S52,725 470,951 78.112 1,101,788 D•pr•cl•tlon and Impalmwnt Ai 1 December 2019 DeprecAation charg8d In thg year 47.725 73.708 1,787 121.433 1,787 At 30 November 2020 47.725 75,495 123,220 Caryln9 amaunt AI 30 Novernber 2020 505.1)00 470,951 2,617 978.568 AI 30 November 2019 505.000 407,004 4,404 916,408 17- ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 11 Flx•d ass•t Invostmonts Incom• Bond$ Co¥t or ¥a￿atIon At 1 December 2019 & 30 November 2020 10.000 C•rrylng amount AI 30 N0￿mber 2020 10,000 At 30 Nuvembgr 2019 10,000 2020 2019 Investm8nts 8t falr valu¥ coryffjs•'. In￿rne bonds 10,0 10.0¢)0 12 D•btors 2020 2019 Amounts lalllng du• wlthln on• y•ar: Other debtors Prepayments 8nd 4￿r￿8￿ In￿ne 50,906 1.616 5S,467 1,166 52,S22 56.633 13 Cr•dhors: *mount• falllng due t￿thIn I>￿ year 2020 2019 Not•s Bank ovèrdr8fts Trade c￿drtQrs Other credrtors 9,857 3.941 44,277 1.700 49.626 51.326 57,875 18- ASSEMBLIES OF GOD. FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 14 R•strlet•d fvnd$ The Income funds of the tharity indude restricted funds compiisir¥J Ihg fdlowing unexpended balèr￿05 of donations and grants held on trust for 5PgCtfic purposes: Mo¥•m•nt In fund ¢omlm# Mov•m•nt In funds Tr•nsf• B•l•nc• at 30 M•v•mb•r 2020 201• Income Bonds Building Fund Community Project Fund 10.0 1.146.140 10.C 1(*.281 1.291,671 10,000 (4.079} 1,294,558 4,163 41.942 12.6921 7,082 13.593 {1161 19,4301 1,156.140 41.942 2.692) 106.281 1,301.671 20.675 19.5461 14.0791 1.308,721 15 Unr•itrlct•d fund•- unr••trf¢t•d •nd d•slgnat•d Th090 are unr•slri¢ted lunds which are material to the charivs athl11￿ are mad& up as folloyts.. Mov•m•nt in fund• Mov•m•nt In funds tomlng R*JoUr￿• Tw•f•rn BthTre• •t In¢orrtlng R•￿vre•l Tr•nskn B•l•Trc• •t 3Q Nov•mlJ•r 2020 2019 Un￿t￿Cted Fund. General Fund Designated Fund- Building Fund 100,000 1.044,030 373,809 {330.673) (43,136) (63.1451 100,OCKI 980,885 318.312 1236,2791 182,033) 100,000 85.512 1.066.397 1,044.030 373.809 1330,673) {106,281) 1,080.885 318,312 12362791 3.479 1,166.397 19- ASSEMBLIES OF GOD- FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 18 Analysls ol net a¥$•ts b•tw••n funds Unrnstrlct•d D•¥lgn•t•d R•slrlcted fund• funds funds 1020 2020 2020 Tolal Unrestrf¢ted D&siJn81ed Restrlcted funds funds funds 2019 2019 2019 Total 2020 2019 Fund balances al 30 November 2020 are represented by.. Tangible asset Invastments Curr8nt assetsllllabS1ille81 511.697 466.871 978.568 10.000 10.000 555,300 831,850 1.486.550 509,404 407,004 916,408 10,000 10,000 884,667 1,456,148 99.4CKI 100,000 471.481 99,400 1.066.997 1,308.721 2,475.118 100.000 980,885 1,301.671 2,382.556 Unre8tri¢ted funds are gener81 funds and maintained per the reserye8 pdi¢y lo nwt four monlhs opeT8ting costs of the Church. At the balance sheet date, the Trusleos had dfjemgd £100.000 as reasonable lor this. This wlll bg regularty reviewed by the Trust￿$ lo On￿1* Ihal adoquate unrestricted funds are held. Designalod funds are fvnds that have been allocated lo the Building Fund by Tntslees. At the tsalar￿ sheet dale th* Tw$to98 had designalod any unrestrfcled nds over ar￿ above £100,000. Restricted fund5 are m8d¢ up ol thrèè cat¢gories. The income bonds I￿ld reslri¢tsd funds. All remaSnlng restrlcled funds are thè balan¢0 of in¢omt and expèndtture relatin9 to the Buildlng Fund and the Community Projgct Fund. Bullding Fund . In place to raise funds for a new church bu￿d1￿j. Community Project Fund - In place lo raise lund5 enabling SUP[￿rt to the communlty ￿ areas of ne&J. For ex8mplg a f￿1 ba￿. clothes bank. elc. but not Solely limhe(I to these examples. ASSEMBLIES OF GOD - FRASERBURGH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2020 17 Op¢ratlng leasè ¢ommltmonts Al the reporting end dale the ch8nty had outstanding commitments for frjture minimum lease payments under r￿n-cancelLab1e operating leases. which fall dutr as folbws: 2020 2019 Wlthin one year Beh¥egn and Ilve years 1.352 338 1,352 1,691 1,890 3,043 The operatiry lea￿ represent the Igase of equapmonl from a third paty. The lease is ne901iale(J over leims of 4 years aNI ffjnlab are f￿1 foT 4 yeavs. T￿re arè no optlons in plac8 for oither paty ts extand the bea￿ lerms. In the porlod £1.352 was recognisod a$ an expens¢ Iwards operallNJ ￿868 commltrn8nts (2019.. £1,400}. 18 Evonts aft•r th• r•portlng dat• On 19 Novembor 2021 the Manse propety was sold 101 £225,000. 19 R•lat•d party ir*nsa¢tlon* Ther8 w&re no disck)sable relalod party transact￿n5 during the yO8f 12019 - Nil). Please note 8 rogoiding lrnstoo and conneclod petson r¢muneraiion and exp•n$g reimbursom&nl. -21-