Gloucester Community Church
Charity No. 1010032
Trustees' Report and Unaudited Accounts
31 December 2020
Gloucester Community Church Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Statement of Cash flows | 13 |
| Notes to the Accounts | 7 to 12 |
| Detailed Statement of Financial Activities | 14 to 15 |
Page 1
Gloucester Community Church Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1010032
Principal Office
St Luke's Stroud Road Gloucester GL1 5JR Address Line 5
Trustees
The following Trustees served during the year:
J. Bennett A. Clayfield S. Finney A. Shaw S. Taylor
Accountants
Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP
Bankers
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA
OBJECTIVES AND ACTIVITIES
The advancement of the Christian Faith
The relief of persons who are in conditions of need, hardship or distress, or who are aged or sick The advancement of education on the basis of Christian principles
PLANS FOR FUTURE PERIODS
There are no plans to make any significant changes in the activities
Statement of trustees' responsibilities in relation to the financial statements
Page 2
Gloucester Community Church Trustees Annual Report
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
J. Bennett Trustee 22 October 2021
Page 3
Gloucester Community Church Independent Examiners Report
Independent Examiner's Report to the trustees of Gloucester Community Church
I report to the trustees on my examination of the accounts of Gloucester Community Church for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Keith Day FFA MIPA - Institute of Financial Accountants (Reg'n number 246889)
Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP 22 October 2021
Page 4
Gloucester Community Church Statement of Financial Activities
for the year ended 31 December 2020
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Other 5 Total Expenditure on: Raising funds 6 Charitable activities 7 Other 8 Total Net gains on investments Net expenditure 9 Transfers between funds Net expenditure before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricte d funds 2020 £ 79,852 2,452 76 |
Restricted funds 2020 £ - 11,189 - |
Total funds 2020 £ 79,852 13,641 76 |
Total funds 2019 £ 83,431 22,656 160 |
|---|---|---|---|---|
| 82,380 25,402 - 116,985 |
11,189 - 11,501 - |
93,569 25,402 11,501 116,985 |
106,247 31,031 15,372 79,483 |
|
| 142,387 - |
11,501 - |
153,888 - |
125,886 - |
|
| (60,007) - |
(312) - |
(60,319) - |
(19,639) - |
|
| (60,007) | (312) | (60,319) | (19,639) | |
| (60,007) 482,823 |
(312) - |
(60,319) 482,823 |
(19,639) 502,462 |
|
| 422,816 | (312) | 422,504 | 482,823 |
Page 5
Gloucester Community Church Balance Sheet
at 31 December 2020
| Charity No. 1010032 Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors:Amount falling due within one year 13 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 14 Restricted income funds Unrestricted funds 14 General funds Reserves 14 Total funds |
2020 £ 352,710 352,710 15,516 55,329 70,845 (1,051) 69,794 422,504 422,504 422,504 (312) (312) 422,816 422,816 422,504 |
2019 £ 362,238 |
|---|---|---|
| 362,238 15,962 105,674 |
||
| 121,636 (1,051) |
||
| 120,585 482,823 |
||
| 482,823 | ||
| 482,823 | ||
| - | ||
| - 482,823 |
||
| 482,823 | ||
| 482,823 |
Approved by the trustees on 22 October 2021
And signed on their behalf by:
J. Bennett Trustee 22 October 2021
Page 6
Gloucester Community Church Notes to the Accounts
for the year ended 31 December 2020
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Gloucester Community Church Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 2% straight line Plant and Equipment 10% straight line Fixtures and fittings 10% straight line
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
Gloucester Community Church Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 | Statement of Financial Activities - prior year | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | |||||
| 2019 | 2019 | 2019 | |||||
| £ | £ | £ | |||||
| Income and endowments from: | |||||||
| Donations and legacies | 83,431 | - | 83,431 | ||||
| Charitable activities | 7,099 | 15,557 | 22,656 | ||||
| Other | 160 | - | 160 | ||||
| Total | 90,690 | 15,557 | 106,247 | ||||
| Expenditure on: | |||||||
| Raising funds | 31,031 | - | 31,031 | ||||
| Charitable activities | - | 15,372 | 15,372 | ||||
| Other | 79,483 | - | 79,483 | ||||
| Total | 110,514 | 15,372 | 125,886 | ||||
| Net income | (19,824) | 185 | (19,639) | ||||
| Net income before other gains/(losses) |
(19,824) | 185 | (19,639) | ||||
| Other gains and losses: | |||||||
| Net movement in funds | (19,824) | 185 | (19,639) | ||||
| Reconciliation of funds: | |||||||
| Total funds brought forward | 502,462 | - | 502,462 | ||||
| Total funds carried forward | 482,638 | 185 | 482,823 | ||||
| 3 | Income from donations and legacies | ||||||
| Unrestricted | Total | Total | |||||
| 2020 | 2019 | ||||||
| £ | £ | £ | |||||
| Tithes and offerings | 79,852 | 79,852 | 83,431 | ||||
| 79,852 | 79,852 | 83,431 | |||||
| 4 | Income from charitable activities | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2020 | 2019 | ||||||
| £ | £ | £ | £ | ||||
| 2,452 | - | 2,452 | 7,099 | ||||
| - | 11,189 | 11,189 | 15,557 | ||||
| 2,452 | 11,189 | 13,641 | 22,656 |
Page 9
Gloucester Community Church Notes to the Accounts
5 Other income
| 6 Expenditure on raising funds Costs of generating voluntary income Tithes and offerings 7 Expenditure on charitable activities Expenditure on charitable activities Governance costs 8 Other expenditure Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net expenditure before transfers This is stated after charging: Depreciation of owned fixed assets |
Unrestricted £ 76 76 |
Total 2020 £ 76 76 |
Total 2019 £ 160 |
|---|---|---|---|
| 160 | |||
| Unrestricted £ 25,402 25,402 Restricted £ 11,501 11,501 Unrestricted £ 44,804 58,510 9,528 3,113 1,030 116,985 2020 £ 9,528 |
Total 2020 £ 25,402 25,402 Total 2020 £ 11,501 11,501 Total 2020 £ 44,804 58,510 9,528 3,113 1,030 116,985 |
Total 2019 £ 31,031 |
|
| 31,031 | |||
| Total 2019 £ 15,372 |
|||
| 15,372 | |||
| Total 2019 £ 39,841 24,950 9,528 3,651 1,513 |
|||
| 79,483 | |||
| 2019 £ 9,528 |
Page 10
Gloucester Community Church Notes to the Accounts
| 10 | Staff costs | ||||
|---|---|---|---|---|---|
| Salaries and wages | 44,804 | 39,841 | |||
| 44,804 | 39,841 | ||||
| No employee received emoluments in excess of £60,000. | |||||
| The average monthly number of full time equivalent employees during the year was as follows: | |||||
| 2020 | 2019 | ||||
| Number | Number | ||||
| Mission and Support | - | 1 | |||
| Charitable Activities | - | 1 | |||
| - | 2 | ||||
| 11 | Tangible fixed assets | ||||
| Land and buildings |
Plant and Equipment |
Fixtures and fittings |
Total | ||
| £ | £ | £ | £ | ||
| Cost or revaluation | |||||
| At 1 January 2020 | 476,390 | 21,709 | 9,587 | 507,686 | |
| At 31 December 2020 | 476,390 | 21,709 | 9,587 | 507,686 | |
| Depreciation and | |||||
| impairment | |||||
| At 1 January 2020 | 114,152 | 21,709 | 9,587 | 145,448 | |
| Depreciation charge for the | 9,528 | - | - | 9,528 | |
| year | |||||
| At 31 December 2020 | 123,680 | 21,709 | 9,587 | 154,976 | |
| Net book values | |||||
| At 31 December 2020 | 352,710 | - | - | 352,710 | |
| At 31 December 2019 | 362,238 | - | - | 362,238 | |
| 12 | Debtors | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Other debtors | 15,516 | 15,962 | |||
| 15,516 | 15,962 | ||||
| 13 | Creditors: | ||||
| amounts falling due within one year | |||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Trade creditors | 400 | 400 | |||
| Accruals and deferred income | 651 | 651 | |||
| 1,051 | 1,051 |
Page 11
Gloucester Community Church Notes to the Accounts
14 Movement in funds
| Restricted funds: Restricted income funds: Total Unrestricted funds: General funds Revaluation Reserves: Total funds 15 Analysis of net assets between funds Fixed assets Net current assets 16 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 January 2020 - - 482,823 482,823 |
Incoming resources (including other gains/losses ) £ 11,189 11,189 82,380 93,569 At 1 January 2020 £ |
Resources expended £ (11,501) (11,501) (142,387) (153,888) Unrestricted funds £ 352,710 69,794 422,504 Cash flows £ |
At 31 December 2020 £ (312) |
|---|---|---|---|---|
| (312) | ||||
| 422,816 | ||||
| 422,504 | ||||
| Total £ 352,710 69,794 |
||||
| 422,504 | ||||
| At 31 December 2020 £ |
||||
| 105,674 | (50,345) | 55,329 | ||
| 105,674 105,674 |
(50,345) (50,345) |
55,329 | ||
| 55,329 | ||||
Page 12
Gloucester Community Church Statement of Cash flows for the year ended 31 December 2020
| Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease/(Increase) in trade and other receivables Decrease in trade and other payables Net cash used in operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2020 £ (60,319) 9,528 (76) 446 - (50,421) 76 76 - (50,345) 105,674 55,329 |
2019 £ (19,639) 9,528 (160) (82) (1,581) |
|---|---|---|
| (11,934) 160 |
||
| 160 | ||
| - | ||
| (11,774) | ||
| 117,448 | ||
| 105,674 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 55,329 | 105,674 |
| 55,329 | 105,674 |
Page 13
Gloucester Community Church Detailed Statement of Financial Activities
for the year ended 31 December 2020
| Income and endowments from: Donations and legacies Tithes and offerings Charitable activities Other Total income and endowments Expenditure on: Costs of generating donations and legacies Tithes and offerings Total of expenditure on raising funds Charitable activities Total of expenditure on charitable activities Employee costs Salaries/wages Premises costs Rates Light, heat and power Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Depreciation of land and buildings |
Unrestricte d funds 2020 £ 79,852 79,852 2,452 - 2,452 76 76 82,380 25,402 25,402 25,402 - - - 44,804 44,804 279 2,248 55,620 363 58,510 9,528 |
Restricted funds 2020 £ - - - 11,189 11,189 - - 11,189 - - - 11,501 11,501 11,501 - - - - - - - - |
Total funds 2020 £ 79,852 79,852 2,452 11,189 13,641 76 76 93,569 25,402 25,402 25,402 11,501 11,501 11,501 44,804 44,804 279 2,248 55,620 363 58,510 9,528 |
Total funds 2019 £ 83,431 |
|---|---|---|---|---|
| 83,431 | ||||
| 7,099 15,557 |
||||
| 22,656 | ||||
| 160 | ||||
| 160 | ||||
| 106,247 31,031 |
||||
| 31,031 | ||||
| 31,031 15,372 |
||||
| 15,372 | ||||
| 15,372 39,841 |
||||
| 39,841 | ||||
| 310 3,379 19,970 1,291 |
||||
| 24,950 | ||||
| 9,528 |
Page 14
Gloucester Community Church Detailed Statement of Financial Activities
| Depreciation of Plant and Equipment Depreciation of Fixtures and fittings Bank charges Equipment expensed General insurances Stationery and printing Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
- - 60 679 1,808 58 508 12,641 315 430 285 1,030 116,985 142,387 - (60,007) (60,007) - (60,007) 482,823 422,816 |
- - - - - - - - - - - - - 11,501 - (312) (312) - (312) - (312) |
- - 60 679 1,808 58 508 12,641 315 430 285 1,030 116,985 153,888 - (60,319) (60,319) - (60,319) 482,823 422,504 |
- - 120 739 1,753 413 626 |
|---|---|---|---|---|
| 13,179 | ||||
| 300 933 280 |
||||
| 1,513 | ||||
| 79,483 | ||||
| 125,886 - |
||||
| (19,639) | ||||
| (19,639) - |
||||
| (19,639) | ||||
| 502,462 | ||||
| 482,823 |
Page 15