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2020-12-31-accounts

KESGRAVE CHURCH OF ENGLAND

CHARITY

(Registered Charity No. 1015051)

ACCOUNTS FOR THE YEAR ENDED 31 December 2020

AND

BALANCE SHEET AS AT THAT DATE

Charity Trustees’ Meeting held on 29th October 2021

1

KESGRAVE CHURCH OF ENGLAND CHARITY.

Annual Accounts For the Year Ended 31 December 2020.

INDEX

Contents Page
Members of the Board and Charity Details 3
Trustee’s Report 4
Statements of Financial Activities 5 - 7
Balance Sheet 8
Notes to the Financial Statements 9 - 11
Independent Examiner’s Report 12

2

KESGRAVE CHURCH OF ENGLAND CHARITY.

Annual Accounts For the Year Ended 31 December 2020.

The Board of Trustees

The Board of Trustees Rev. R. Spittle Chairman
Church Wardens;
Mr Robert Bullamore Trustee
Mrs Karen Pringle Trustee
Secretary / Treasurer Mrs Karen Pringle
Charity Address C/o Mrs K Pringle
28 Fox Lea
Kesgrave
IPSWICH
IP5 2YU
Charity’s Bankers Co-operative Bank – Current Account
M & G Charifund & Charibond Investment Account
Hampshire Trust
Barclays Business Direct

Purpose and Objectives of Charity The Trust was registered as a Charity on the 7[th] January, 1988 with the express purpose of using all of its income, including that accruing from the tenanted occupation of its assets (i.e. land and buildings as detailed elsewhere in these Accounts) in the furtherance of the religious and other charitable work of the Church of England in the ecclesiastical parish of All Saints C. of E. Church, Kesgrave.

The trustees of the charity are the incumbent vicar of the parish and the two church wardens. These appointments are automatically updated following the Annual Parochial Church Council meeting held in April of each year.

3

KESGRAVE CHURCH OF ENGLAND CHARITY.

Trustees Report For the Year Ended 31 December 2020.

The charity has continued its work providing activities for young people from Kesgrave in line with the purpose and objectives of the charity. The trustees are mindful of the Charity Commission’s guidance on furthering the charitable purposes for the public benefit.

The main activity continues to be support for the provision of youth work within Kesgrave and the surrounding area. This work continued throughout the Covid-19 pandemic with support being provided in new, innovative ways making the best use of available technology. It was agreed by the trustees at the outset of the pandemic when all face to face activities were suspended that the staff would continue to be paid their full salary. The decision was made not to officially furlough the staff and seek financial support from the Coronavirus Job Retention Scheme as this enabled the charity to have the flexibility of utilising staff time in different ways. Two members of staff had their contracts come to an end at the end of August. As there was no work available to them at the time they both accepted that these contracts would not be renewed. Both were grateful to have been paid for the full length of their original contracts.

Limited opportunity to apply for funding to continue this work was available in this financial year and this is reflected in the reduction in balances at the year end.

Financial support by way of a bursary and contribution to education fees for a student youthworker continued and his training, taking place, at points virtually rather than in person, at Ridley College in Cambridge. The trainee youthworker entered his final year of the degree course in September 2020 and he continues to be assigned to All Saints Kesgrave for his placements.

In October the charity received a grant from Sport and Recreation in Kesgrave (SPARK) to enable the charity to purchase the Royal British Legion building sited on land owned by the charity. The timing of this transfer was unfortunate as no income was able to be immediately generated from hiring of the hall due to the pandemic. It is anticipated that going forward new and returning hirers will generate sufficient income not only to cover the running costs of the hall but also additional income to further support the charity’s aims.

During 2020 the charity met its obligations with regards to providing pensions for employees. At present no employees meet the minimum criteria for automatic enrolment in the charity’s pension scheme.

…………………………………. Rev’d Robin Spittle Chair of Trustees

4

KESGRAVE CHURCH OF ENGLAND CHARITY.

STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 December 2020.

Notes
INCOMING RESOURCES
Donations and Legacies
Youth Worker Support;
All Saints parishioners and charities
SPARK
Charitable activities
Saints and Signers/Messy Church
Kesgrave PCC
Investments
Dividends
M & G Investments
Charibond Dividends
Charifund Dividends
Interest
Hampshire Trust
Rent Income from Property
Roundabout Day Nursery
Royal British Legion
TOTAL		 2020
2020
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
0
7,052
0
7,052
7,767
0
50,000
0
50,000
0
0
145
0
145
1,501
0
0
0
0
938
4,147
0
0
4,147
3,870
252
0
0
252
313
354
0
0
354
354
896
0
0
896
896
0
0
0
0
699
£5,649
£57,197
£0
£62,846
£16,338

5

KESGRAVE CHURCH OF ENGLAND CHARITY.

STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 December 2020.

Notes
RESOURCES EXPENDED
Raising Funds
Investment management costs
Insurance
Fred Upson Hall running exp
Depreciation of Hall
Charitable activities
Costs of activities in furtherance of
the Charity’s stated objectives: -
Youth Worker - ASK
Youth Worker - Trainee
Saints and Signers/Messy Church
Clergy Expenses
Kesgrave PCC
TOTAL		 2020
2019
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
68
0
0
68
65
691
0
0
691
0
0
2,000
0
2,000
0
795
7,052
0
7,847
6,530
7,658
0
0
7,658
7,616
0
0
0
0
1,382
0
0
0
0
493
0
0
0
0
700
£9,212
£9,052
£0
£18,264
£16,786

6

KESGRAVE CHURCH OF ENGLAND CHARITY.

STATEMENT OF FINANCIAL ACTIVITIES SUMMARY For the Year Ended 31 December 2020.

Notes
INCOMING RESOURCES
Deduct Resources Expended;
RESOURCES EXPENDED
Net income/(expenditure) before
Investment gains/losses
Net gains/(losses) on investments
Charibond
Charifund
Net Income/(expenditure)
Transfers between Funds
Net Movement in Funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2020
2019
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
5,649
57,197
0
62,846
16,338
9,212
9,052
0
18,264
16,786
(3,563)
48,145
0
44,582
(448)
0
0
1,977
1,977
2,654
(1,086)
0
0
(1,086)
892
(4,649)
48,145
1,977
45,473
3,098
0
0
0
0
0
(4,649)
48,145
1,977
45,473
3,098
15,562
2,734
239,504
257,800
254,702
£10,913
£50,879
£241,481
£303,273
£257,800

7

KESGRAVE CHURCH OF ENGLAND CHARITY.

BALANCE SHEET As at 31 December 2020.

2020 2019
Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
Notes £ £ £ £ £
Fixed Assets
Buildings 4 0 48,000 0 48,000 0
Current Assets
Debtors 0 0 0 0 0
Current Asset Investments;
M & G Charibond 0 0 173,446 173,446 171,469
M & G Charifund Account 5,174 0 0 5,174 6,261
Hampshire Trust 4,428 0 66,500 70,928 70,574
Barclays Business Direct 13 0 1,530 1,543 1,543
Cash at Bank and in hand;
Co-op Current Account 1,183 2,879 5 4,067 8,399
Cash 115 0 0 115 56
10,913 50,879 241,481 303,273 258,302
Current Liabilities
Creditors: amounts falling due within
one year 6 0 0 0 0 (502)
Net Current Assets 0 0 0 0 0
TOTAL NET ASSETS £10,913 £50,879 £241,481 £303,273 £257,800
Funds of the Charity 7
General Fund 10,913 0 0 10,871 15,562
Restricted Fund 0 50,879 0 50,921 2,734
Endowment Fund 0 0 241,481 241,481 239,504
£10,913 £50,879 £241,481 £303,273 £257,800
Approved by:
Mrs K Pringle Honorary ----------------------------------------
Treasurer
Rev. R. Spittle
Honorary ----------------------------------------
Date Chairperson

The Notes on Pages 9 - 10 form part of these Financial Statements

8

KESGRAVE CHURCH OF ENGLAND CHARITY.

Notes to the Accounts For the Year Ended 31 December 2020.

1. Basis of preparation
Basis of Accounting These accounts have been prepared on the basis of historical cost except
that the Charibond and Charifund are shown at current value in
accordance with
•
the 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 of Ireland (FRS 102) issued on 16 July 2014
•
the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102)
•
And with the Charities Act 2011
The Charity constitutes a public benefit entity as defined by FRS102
These financial statements comply with FRS102 Section 1A small
entities
Change in Basis The accounts present a true and fair view and the accounting policies
are those outlined in note 2. There has been no change to the accounting
policies, valuation rules and methods of accounting since last year
2. Accounting Policies
Recognition of incoming These are included in the Statement of Financial Activities (SoFA)
resources when
•
The charity becomes entitled to the resources
•
The trustees are virtually certain they will receive the
resources
•
The monetary value can be measured with sufficient reliability
Offsetting There has been no offsetting of assets and liabilities, or income and
expenses, unless required or permitted by the FRS 102 SORP or FRS
102.
Grants and Donations Grants and Donations are only included in the SoFA when the charity
has evidence of entitlement, receipt is probable and the amount can be
measured reliably. Grants are only included when any terms or
conditions attached to the grant have been met.
Investment Income This is included in the accounts when receipt is probable and the amount
receivable can be measured reliably.
Investment Gains and This includes any realised or unrealised gain or loss on the sale of
Losses investments and any gain or loss resulting from revaluing investments
to current market value at the end of the year.
Tangible Fixed Assets These are capitalised if they can be used for more than one year and are
valued at cost. Depreciation methods are shown in the appropriate note.
Fixed Asset Investments Fixed asset investments in quoted shares, traded bonds and similar
investments are valued at initially at cost and subsequently at fair value
(their market value) at the year end. The same treatment is applied to
unlisted investments unless fair value cannot be measured reliably in
which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash
equivalents with a maturity date of less than 1 year are treated as current
asset investments.
Current Asset Investments The charity has investments which it holds for resale or pending their sale
and cash and cash equivalents with a maturity date less than one year.
These include cash on deposit and cash equivalents with a maturity date
of less than one year held for investment purposes rather than to meet
short term cash commitments as they fall due. They are valued at fair
value except where they qualify as basic financial instruments.
Creditors The charity has creditors which are measured at settlement amounts less
any trade discounts.

9

KESGRAVE CHURCH OF ENGLAND CHARITY.

Notes to the Accounts For the Year Ended 31 December 2020.

3. Employees

At the end of 2020 the Charity had 2 paid part-time employees plus one student in receipt of a bursary.

Gross wages
Employers National Insurance
Pension Costs		 2020
2019
Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
795
7,052
0
7,847
7,535
0
0
0
0
0
0
0
0
0
0
£ 795
£ 7,052
£ 0
£ 7,847
£ 7,535

No employee received employee benefits for the reporting period of more than £60,000.

This year no employees satisfied the criteria for a pension under autoenrolment. The pension fund is held with NEST.

4. Tangible Fixed Assets

The Charity owns freehold land adjacent to All Saints Church leased to the Roundabout Day Nursery and the Kesgrave Branch of the Royal British Legion.

These accommodations are held in perpetuity at the discretion of the Charity’s Trustees and are currently subject to rental agreements with tenants of the Charity’s choice. All income accruing from such rental arrangements are accounted for as and when received and are credited to the General Fund in accordance with normal practice. The land has not been valued for these accounts.

During the year the Kesgrave Branch of the Royal British Legion agreed to terminate their lease and the Charity as Landlord agreed to purchase the hall for the sum of £50,000. The Charity has now taken over the running of the premises and it has been renamed as the Fred Upson Hall. The hall will be depreciated over the next 25 years on a straight line basis.

Land and Buildings
Cost
At 1 January 2020
Additions
Transfer to cash deposit
At 31 December 2019
Depreciation
At 1 January 2020
Provided in the year
At 31 December 2019
Cost at 31 December 2020
Cost at 31 December 2019		 2020
£
0
50,000
0
£ 50,000
0
2,000
£ 48,000
£ 48,000
£ 0		 2019
£
0
0
0
£0
0
0
£0
£ 0
£ 0

Depreciation is provided to write down the cost of the assets over their useful lives. The rates are: Land and Buildings over 25 years (SL)

10

KESGRAVE CHURCH OF ENGLAND CHARITY.

Notes to the Accounts For the Year Ended 31 December 2020.

Youth Worker Expenses
Clergy Expenses		 2020
£
0
0
£ 0		 2019
£
9
493
£ 502

PE Money raised from the sale of this property becomes a permanent endowment and must be invested in Trust with only the interest being available to further the objectives of the charity

Youth Work R A full time Trainee Youth Worker is employed by the charity. 2 Part-time children’s workers’ salaries are also paid by the charity

Wainwright Way
PE
Fred Upson Hall
R
Youth Work
R
Rwanda Trip
R
Quiz Night
R
Saints and Signers/Messy Church
R
Other Funds
n/a
Wainwright Way
PE
Youth Work
R
Rwanda Trip
R
Quiz Night
R
Saints and Signers/Messy Church
R
Other Funds
n/a		 Fund
Fund
At 1 Jan
2020
Incoming
resources
Outgoing
resources
Gains/
Losses/
Transfers
At 31
Dec 2020
239,504
0
0
1,977
241,481
0
50,000
(2,000)
0
48,000
0
7,052
(7,052)
0
0
2,119
0
0
0
2,119
496
0
0
0
496
119
145
0
0
264
15,562
5,649
(9,212)
(1,086)
10,913
£257,800
£62,846
(£18,264)
£ 891
£303,273
Fund
Fund
At 1 Jan
2019
Incoming
resources
Outgoing
resources
Gains/
Losses/
Transfers
At 31
Dec 2019
236,850
0
0
2,654
239,504
0
7,767
(7,767)
0
0
2,119
0
0
0
2,119
496
0
0
0
496
0
1,501
(1,382)
0
119
15,237
7,070
(7,637)
892
15,562
£254,702
£16,338
(£16,786)
£3,546
£257,800

7. Transactions with Trustees and Related Parties

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

No trustee expenses have been incurred.

There have been no related party transactions in the year.

11

KESGRAVE CHURCH OF ENGLAND CHARITY.

Annual Accounts For the Year Ended 31 December 2020.

Independent examiner’s report to the trustees of Kesgrave Church of England Charity

I report on the Accounts For the Year Ended 31 December 2020 set out on pages 5 to 11

Respective responsibilities of trustees and examiner; -

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charites Act 2011 (“the Act”)

The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to

Basis of Independent examiner’s report; -

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement; -

In connection with my examination, no material matters have come to my attention which gives me reasonable cause to believe that in any material respect

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.

Signed

Date 26 October 2021

C M Comber Independent Examiner

7 Quantock Close Rushmere St Andrew Ipswich IP5 1AS

12