2021-12-31-accounts - Gloucester Community Church

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Gloucester Community Church

Charity No. 1010032

Trustees' Report and Unaudited Accounts

31 December 2021

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 13
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 2021.

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

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 28 September 2022

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 financial statements of Gloucester Community Church for the year ended 31 December 2021 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 financial statements 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 financial statements 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 financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.

Keith Day

FFA - Institute of Financial Accountants

Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP 28 September 2022

Page 4

Gloucester Community Church Statement of Financial Activities

for the year ended 31 December 2021

Unrestricted funds	Total funds	Total funds
2021	2021	2020
£	£	£

75,371	75,371	79,852
9,008	9,008	13,641
5	5	76
84,384	84,384	93,569

21,655	21,655	25,402
5,951	5,951	11,501
76,221	76,221	116,985
103,827	103,827	153,888
-	-	-
(19,443)	(19,443)	(60,319)
-	-	-
(19,443)	(19,443)	(60,319)

(19,443)	(19,443)	(60,319)

422,504	422,504	482,823
403,061	403,061	422,504

Page 5

Gloucester Community Church Balance Sheet

at 31 December 2021

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 Unrestricted funds 14 General funds Reserves 14 Total funds	2021 £ 343,182 343,182 13,038 47,893 60,931 (1,052) 59,879 403,061 403,061 403,061 403,061 403,061 403,061	2020 £ 352,710
		352,710 15,516 55,329
		70,845 (1,051)
		69,794 422,504
		422,504
		422,504
		422,504
		422,504
		422,504

Approved by the trustees on 28 September 2022

And signed on their behalf by:

J. Bennett Trustee 28 September 2022

Page 6

Gloucester Community Church Notes to the Accounts

for the year ended 31 December 2021

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 Pastoral and Mission 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.

Taxation

The charity is exempt from tax on its charitable activities.

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:

useful life:
Freehold property	2% straight line
Plant and Equipment	10% straight line
Fixtures and fittings	10% straight line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

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.

Page 8

Gloucester Community Church Notes to the Accounts

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.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Pastoral and Mission Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Tithes and offerings	Unrestricted funds 2020 £ 79,852 2,452 76 82,380 25,402 - 116,985 142,387 (60,007) (60,007) (60,007) 482,823 422,816 Unrestricted £ 75,371 75,371	Restricted funds 2020 £ - 11,189 - 11,189 - 11,501 - 11,501 (312) (312) (312) - (312) Total 2021 £ 75,371 75,371	Total funds 2020 £ 79,852 13,641 76
			93,569 25,402 11,501 116,985
			153,888
			(60,319)
			(60,319)
			(60,319) 482,823
			422,504
			Total 2020 £ 79,852
			79,852

Page 9

Gloucester Community Church Notes to the Accounts

4 Income from charitable activities

Unrestricted £ 2,545 6,463 9,008 Unrestricted £ 5 5	Total 2021 £ 2,545 6,463 9,008 Total 2021 £ 5 5	Total 2020 £ 2,452 11,189
		13,641
		Total 2020 £ 76
		76

Unrestricted £ 21,655 21,655 Unrestricted £ 5,951 5,951	Total 2021 £ 21,655 21,655 Total 2021 £ 5,951 5,951	Total 2020 £ 25,402
		25,402
		Total 2020 £ 11,501
		11,501

Page 10

Gloucester Community Church Notes to the Accounts

8 Other expenditure

8	Other expenditure
		Unrestricted	Total	Total
			2021	2020
		£	£	£
	Employee costs	49,046	49,046	44,804
	Premises costs	13,351	13,351	58,510
	Amortisation, depreciation,
	impairment, profit/loss on	9,528	9,528	9,528
	disposal of fixed assets
	General administrative costs	3,066	3,066	3,113
	Legal and professional costs	1,230	1,230	1,030
		76,221	76,221	116,985
9	Net expenditure before transfers
		2021		2020
	This is stated after charging:	£		£
	Depreciation of owned fixed assets	9,528		9,528
10	Staff costs
		2021		2020
	Salaries and wages	49,046		44,804
		49,046		44,804
	No employee received emoluments in excess of £60,000.
	The average monthly number of full time equivalent employees during the year		was as follows:
		2021		2020
		Number		Number
	Mission and Support	1		1
	Charitable Activities	1		1
		2		2

Page 11

Gloucester Community Church Notes to the Accounts

11 Tangible fixed assets

11 Tangible fixed assets
Cost or revaluation At 1 January 2021 At 31 December 2021 Depreciation and impairment At 1 January 2021 Depreciation charge for the year At 31 December 2021 Net book values At 31 December 2021 At 31 December 2020 12 Debtors Other debtors 13 Creditors: amounts falling due within one year Trade creditors Accruals 14 Movement in funds Unrestricted funds: General funds Total funds	Land and buildings £ 476,390 476,390 123,680 9,528 133,208 343,182 352,710	Plant and Equipment	Fixtures and fittings £ 9,587 9,587 9,587 - 9,587 - -	Total £ 507,686
		£ 21,709 21,709 21,709 - 21,709 - - 2021 £ 13,038 13,038 2021 £ 400
				507,686
				154,976 9,528
				164,504
				343,182
				352,710
				2020 £ 15,516
				15,516
				2020 £ 400
		652		651
	At 1 January 2021 422,504 422,504	1,052 Incoming resources (including other gains/losses ) £ 84,384 84,384	Resources expended £ (103,827) (103,827)	1,051
				At 31 December 2021 £ 403,061
				403,061

Page 12

Gloucester Community Church Notes to the Accounts

15 Analysis of net assets between 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 2021 £	Unrestricted funds £ 343,182 59,879 403,061 Cash flows £	Total £ 343,182 59,879
			403,061
			At 31 December 2021 £
	55,329	(7,436)	47,893
	55,329 55,329	(7,436) (7,436)	47,893
			47,893

Page 13

Gloucester Community Church Statement of Cash flows for the year ended 31 December 2021

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 in trade and other receivables Increase 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	2021 £ (19,443) 9,528 (5) 2,478 1 (7,441) 5 5 - (7,436) 55,329 47,893	2020 £ (60,319) 9,528 (76) 446 -
		(50,421) 76
		76

		-

		(50,345)
		105,674
		55,329

Components of cash and cash equivalents
Cash and bank balances	47,893	55,329

	47,893	55,329

Page 14

Gloucester Community Church Detailed Statement of Financial Activities

for the year ended 31 December 2021

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	Unrestricted funds 2021 £ 75,371 75,371 2,545 6,463 9,008 5 5 84,384 21,655 21,655 21,655 5,951 5,951 5,951 49,046 49,046 166 1,571 10,710 904 13,351 9,528	Total funds 2021 £ 75,371 75,371 2,545 6,463 9,008 5 5 84,384 21,655 21,655 21,655 5,951 5,951 5,951 49,046 49,046 166 1,571 10,710 904 13,351 9,528	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

Page 15

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	- - 96 713 1,742 123 392 12,594 546 410 274 1,230 76,221 103,827 - (19,443) (19,443) - (19,443) 422,504 403,061	- - 96 713 1,742 123 392 12,594 546 410 274 1,230 76,221 103,827 - (19,443) (19,443) - (19,443) 422,504 403,061	- - 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

Page 16