Friends of Holy Cross Church, Sarratt and subsidiary trading company
The Friends of Holy Cross Church Sarratt
Consolidated Financial Statements for the year ended 31 December 2021
Registered Charity No. 1018991
1
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Trustees’ Report for the year ended 31[st] December 2021
The trustees present their annual report and financial statements for the year ended 31[st] December 2021.
Principal activities
The principal activity of the Charity, (charity no. 1018991), is to raise funds for the preservation, maintenance, restoration, replacement, improvement or ornamentation of Holy Cross Church, Sarratt. The Charity holds a number of fund raising events during the year. The principal activity of the wholly owned subsidiary, Friends of Holy Cross Church Trading Company Limited is the selling of merchandise, often donated, in order to raise funds for the Charity.
Donation of freehold land
In August 2021 the title to the piece of land next to the graveyard, purchased in February 2018, was transferred to Holy Cross Church, Sarratt as a gift.
Grants
During the year the Charity made grants of £18,312 (£7,792 - 2020) to the PCC of Holy Cross Church, Sarratt for the preservation and maintenance of the church.
Preparation of accounts
This report is prepared in accordance with the special provisions of the statements of recommended practice for charities.
Statement by the treasurer
Covid 19 continued to result in some planned events having to be cancelled. However, we were able to hold our Flower Festival in June and the Cider and Cheese Fair in November both of which were a great success.
£24,778 was raised from events, donations, interest and gift aid and we thank all those who have supported the events and those who made donations.
Richard Cawdron Hon. Treasurer
2
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Statement of trustees’ responsibilities
Charity law requires the trustees to prepare consolidated financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and group and of the group’s profit and loss for that period. In preparing those financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently.
-
Make judgments and estimates that are reasonable.
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in operation.
The trustees are responsible for the keeping of proper accounting records which disclose with reasonable accuracy at any time the financial position of the group and to enable them to ensure that the financial statements comply with the Statements of Recommended Practice for charities.
The trustees and officers at the year-end were as follows:
Kate Hobhouse (Chair) Chris Adams Marilyn Butler Richard Cawdron (Honorary Treasurer) Flora Garvey Katie Naylor Diane Quayle (Honorary Secretary) Anna Rankin Sue Roberts
Ex-oficio
Rev Michele du Saire ( Rector & President) Nicola Clough (Churchwarden)
3
Friends of Holy Cross Church, Sarratt and subsidiary trading company Linda Clough
Consolidated income and expenditure account for the year ended 31 December 2021
| Notes 2020 £ Turnover from fundraising activities 2 4,441 Cost of sales 2 (166) Gross surplus from operations 4,275 Donations and gift aid Interest income 608 Operating surplus 5,798 Operating expenses 550 Surplus on ordinary activities 5,248 Grants made to charity 11 (7,792) Surplus/(Defcit) for the year (2,544 ) |
2021 £ 16,995 (1,130) 15,865 8,387 513 24,765 618 24,147 (18,312) 5,835 |
2021 £ 16,995 (1,130) |
|---|---|---|
4
Friends of Holy Cross Church, Sarratt and subsidiary trading company
The group has no recognised gains and losses other than those included above. All the above items relate to the continuing operations of the Charity. The notes on pages 8 to 11 form an integral part of these financial statements.
5
Friends of Holy Cross Church, Sarratt and subsidiary trading company Consolidated balance sheet as of 31 December 2021
| Notes 2021 2020 £ £ Fixed assets Freehold land - 21,567 Current assets Cash and cash deposits 9 50,697 47,65 5 50,697 47,65 5 Current liabilities Creditors and a 6 (550) (3,34 2) Net current assets 50,147 44,31 3 Total net assets 50,14765,880 Represented by: Accumulated fund 7 50,147 65,8 80 |
Notes 2021 2020 £ £ Fixed assets Freehold land - 21,567 Current assets Cash and cash deposits 9 50,697 47,65 5 50,697 47,65 5 Current liabilities Creditors and a 6 (550) (3,34 2) Net current assets 50,147 44,31 3 Total net assets 50,14765,880 Represented by: Accumulated fund 7 50,147 65,8 80 |
Notes 2021 2020 £ £ Fixed assets Freehold land - 21,567 Current assets Cash and cash deposits 9 50,697 47,65 5 50,697 47,65 5 Current liabilities Creditors and a 6 (550) (3,34 2) Net current assets 50,147 44,31 3 Total net assets 50,14765,880 Represented by: Accumulated fund 7 50,147 65,8 80 |
|---|---|---|
| 47,65 5 (3,34 2) |
||
| 44,31 3 |
||
| assets 65,8 80 |
||
| Total net 50,14765,880 Represented by: Accumulated fund 7 |
The financial statements on pages 4 to 11 were approved by the trustees and were signed on their behalf by Kate Hobhouse and Richard Cawdron on 9[th] May 2022
6
Friends of Holy Cross Church, Sarratt and subsidiary trading company Charity balance sheet as of 31 December 2021
2020 £ £ Investment in subsidiary 100 |
Notes - 21,567 50,59 7 47,555 50,59 7 47,555 (550) (3,34 2) 50,04 7 44,213 50,04 7 65,880 50,04 7 65,880 |
2021 | 2021 |
|---|---|---|---|
| 100 | |||
| Fixed assets Freehold land |
- | ||
| Current assets | |||
| Cash and cash deposits 9 |
50,59 7 |
||
| 50,59 7 |
|||
| Current liabilities |
|||
| Credit ors 6 |
(550) | ||
| Net current assets |
50,04 7 |
||
| Total net assets |
50,04 7 |
||
| Represented by: |
|||
| Accumulated fund 7 |
50,04 7 |
The financial statements on pages 4 to 11 were approved by the trustees and were signed on their behalf by Kate Hobhouse and Richard Cawdron on 9[th] May 2022
7
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Consolidated cash flow statement for the year to 31 December 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Net cash fow from ordinary activities 8 |
24,14 7 |
2,456 | ||
| Grants made to charity 11 |
(18,31 2) |
(7,792 ) |
||
| Increase/(Decrease) in cash for the year 9 |
5,835 | (5,336 ) |
||
The notes on pages 8 to 11 form an integral part of these financial statements.
8
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Notes to the Consolidated Financial Statements as at 31 December 2021
1. Accounting Policies:
-
(i) Basis of accounting
-
The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom and under the historical cost convention. The financial statements have also been prepared in compliance with the Statements of Recommended Practice for Charities.
-
(ii) Turnover Turnover, which excludes value added taxation, represents the value of merchandise sold and proceeds from fund raising activities. Less than 1% of the merchandise sold is overseas sales.
-
(iii) Advertising revenues Advertising revenues are booked at date of billing as they are nonrefundable if adverts are subsequently cancelled.
-
(iv) Taxation The charge for taxation is based on the profit for the period. Provision is made for deferred taxation, caused by taking into account timing differences between the treatment of certain items for taxation and accounting purposes, only to the extent that it is probable that the actual liability or asset will crystallise.
2. Segmental information on turnover and cost of sales
Turnov er
| Flower Festival Cider and Cheese Fair Sarratt Hall Garage Sale Virtual Flower Festival Christmas Card Sales Reeling Compa ny Total 3. 2021 2020 |
Gr oss £ 9,966 3,521 3,508 - - - |
Expe nse £ 1,022 95 - - - - |
2021 £ 8,944 3,426 3,508 - - - |
2020 £ - 693 173 3,422 4,288 (13) 4,275 surplus |
|
|---|---|---|---|---|---|
| 16,995 | 1,117 | 15,878 | |||
| - | 13 | (13) | |||
| 16,995 | 1,130 | 15,865 | |||
| Operating |
9
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Operating surplus is stated after charging: Accountancy £ 550 £550
4 . Trustees emoluments 2021 2020 Fees and other emoluments £nil
£nil
5. Staff numbers and costs
The average number of staff including executive trustees employed by the company was nil and no costs were incurred.
6. Creditors – due within one year
| Grou p |
Grou p |
Gro up 2020 £ 3,342 3,342 |
Gro up 2020 £ 3,342 3,342 |
|||
|---|---|---|---|---|---|---|
| 2021 | ||||||
| £ | ||||||
| Sundry creditors | 550 | |||||
| 550 | ||||||
| 6. Creditors – due within one year | ||||||
| Compa ny |
Comp any |
|||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Sundry creditors | 550 | 3,342 | ||||
| 550 | 550 | |||||
7. Reconciliation of movements in shareholder funds
| 7. Reconciliation of movements in shareholder funds | 7. Reconciliation of movements in shareholder funds | 7. Reconciliation of movements in shareholder funds | 7. Reconciliation of movements in shareholder funds | 7. Reconciliation of movements in shareholder funds |
|---|---|---|---|---|
| Group Compa ny Grou p Compa ny |
||||
| 2021 | 2021 |
202 0 |
2020 |
10
Friends of Holy Cross Church, Sarratt and subsidiary trading company
| company | ||||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Opening accumulated fund | 65,88 0 |
65,880 | 68,4 24 |
68,4 24 |
| Surplus/(Defcit) for the year |
5,835 | 5,835 | (2,54 4) |
(2,54 4) |
| Gift of freehold land to Holy Cross |
(21,5 67) |
(21,56 7) |
- | - |
| Closing accumulated fund | 71,71 5 |
71,715 | 65,88 0 |
65,8 80 |
8. Reconciliation of group operating surplus on ordinary activities to net cash flow from operating activities
| Surplus/(Defcit) from operations Decrease/(Increase) in debtors (Decrease)/Increase in creditors Net increase in cash fow from operations |
2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| 5,835 | (2,54 4) |
||||
| - | - | ||||
| (2,7 92) |
2,792 | ||||
| 3,043 | 248 |
9. Reconciliation of net cash flow to movement in net funds
| Increase in cash in year Net funds at beginning of year Net funds at end of year |
Gro up |
Gro up |
||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| 3,04 2 |
248 | |||
| 47,65 5 |
47,40 7 |
|||
| 50,69 7 |
47,655 |
Compa
11
Friends of Holy Cross Church, Sarratt and subsidiary trading company
| Increase in cash in year Net funds at beginning of year Net funds at end of year |
Compan y |
Compan y |
ny | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| 3,04 2 |
248 | |||
| 47,55 5 |
47,307 | |||
| 50,59 7 |
47,55 5 |
10. Investment in subsidiary
The Charity wholly owns The Friends of Holy Cross Church Trading Company Limited, which trades under the name of ‘Village Books’. The company was incorporated on 22 January 2001 in England and Wales with a share capital of 100 shares at £1 each, fully paid.
11. Grants
The following grants were paid by the group for the year ended 31 December 2021.
| December 2021. | ||||
|---|---|---|---|---|
| Grou p |
Grou p |
|||
| 2021 | 2020 | |||
| £ | £ | |||
| Holy Cross PCC | 18,31 2 |
7,792 | ||
12. Related party transactions
During the year the group had no related party transactions with trustees or directors of the subsidiary company (£nil - 2020 ).
13. Commitments
The group had no commitments at 31 December 2021 (£nil - 2020).
12
Friends of Holy Cross Church, Sarratt and subsidiary trading company
The Friends of Holy Cross Church Sarratt
Consolidated Financial Statements for the year ended 31 December 2021
Registered Charity No. 1018991
1
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Trustees’ Report for the year ended 31[st] December 2021
The trustees present their annual report and financial statements for the year ended 31[st] December 2021.
Principal activities
The principal activity of the Charity, (charity no. 1018991), is to raise funds for the preservation, maintenance, restoration, replacement, improvement or ornamentation of Holy Cross Church, Sarratt. The Charity holds a number of fund raising events during the year. The principal activity of the wholly owned subsidiary, Friends of Holy Cross Church Trading Company Limited is the selling of merchandise, often donated, in order to raise funds for the Charity.
Donation of freehold land
In August 2021 the title to the piece of land next to the graveyard, purchased in February 2018, was transferred to Holy Cross Church, Sarratt as a gift.
Grants
During the year the Charity made grants of £18,312 (£7,792 - 2020) to the PCC of Holy Cross Church, Sarratt for the preservation and maintenance of the church.
Preparation of accounts
This report is prepared in accordance with the special provisions of the statements of recommended practice for charities.
Statement by the treasurer
Covid 19 continued to result in some planned events having to be cancelled. However, we were able to hold our Flower Festival in June and the Cider and Cheese Fair in November both of which were a great success.
£24,778 was raised from events, donations, interest and gift aid and we thank all those who have supported the events and those who made donations.
Richard Cawdron Hon. Treasurer
2
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Statement of trustees’ responsibilities
Charity law requires the trustees to prepare consolidated financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and group and of the group’s profit and loss for that period. In preparing those financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently.
-
Make judgments and estimates that are reasonable.
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in operation.
The trustees are responsible for the keeping of proper accounting records which disclose with reasonable accuracy at any time the financial position of the group and to enable them to ensure that the financial statements comply with the Statements of Recommended Practice for charities.
The trustees and officers at the year-end were as follows:
Kate Hobhouse (Chair) Chris Adams Marilyn Butler Richard Cawdron (Honorary Treasurer) Flora Garvey Katie Naylor Diane Quayle (Honorary Secretary) Anna Rankin Sue Roberts
Ex-oficio
Rev Michele du Saire ( Rector & President) Nicola Clough (Churchwarden)
3
Friends of Holy Cross Church, Sarratt and subsidiary trading company Linda Clough
Consolidated income and expenditure account for the year ended 31 December 2021
| Notes 2020 £ Turnover from fundraising activities 2 4,441 Cost of sales 2 (166) Gross surplus from operations 4,275 Donations and gift aid Interest income 608 Operating surplus 5,798 Operating expenses 550 Surplus on ordinary activities 5,248 Grants made to charity 11 (7,792) Surplus/(Defcit) for the year (2,544 ) |
2021 £ 16,995 (1,130) 15,865 8,387 513 24,765 618 24,147 (18,312) 5,835 |
2021 £ 16,995 (1,130) |
|---|---|---|
4
Friends of Holy Cross Church, Sarratt and subsidiary trading company
The group has no recognised gains and losses other than those included above. All the above items relate to the continuing operations of the Charity. The notes on pages 8 to 11 form an integral part of these financial statements.
5
Friends of Holy Cross Church, Sarratt and subsidiary trading company Consolidated balance sheet as of 31 December 2021
| Notes 2021 2020 £ £ Fixed assets Freehold land - 21,567 Current assets Cash and cash deposits 9 50,697 47,65 5 50,697 47,65 5 Current liabilities Creditors and a 6 (550) (3,34 2) Net current assets 50,147 44,31 3 Total net assets 50,14765,880 Represented by: Accumulated fund 7 50,147 65,8 80 |
Notes 2021 2020 £ £ Fixed assets Freehold land - 21,567 Current assets Cash and cash deposits 9 50,697 47,65 5 50,697 47,65 5 Current liabilities Creditors and a 6 (550) (3,34 2) Net current assets 50,147 44,31 3 Total net assets 50,14765,880 Represented by: Accumulated fund 7 50,147 65,8 80 |
Notes 2021 2020 £ £ Fixed assets Freehold land - 21,567 Current assets Cash and cash deposits 9 50,697 47,65 5 50,697 47,65 5 Current liabilities Creditors and a 6 (550) (3,34 2) Net current assets 50,147 44,31 3 Total net assets 50,14765,880 Represented by: Accumulated fund 7 50,147 65,8 80 |
|---|---|---|
| 47,65 5 (3,34 2) |
||
| 44,31 3 |
||
| assets 65,8 80 |
||
| Total net 50,14765,880 Represented by: Accumulated fund 7 |
The financial statements on pages 4 to 11 were approved by the trustees and were signed on their behalf by Kate Hobhouse and Richard Cawdron on 9[th] May 2022
6
Friends of Holy Cross Church, Sarratt and subsidiary trading company Charity balance sheet as of 31 December 2021
2020 £ £ Investment in subsidiary 100 |
Notes - 21,567 50,59 7 47,555 50,59 7 47,555 (550) (3,34 2) 50,04 7 44,213 50,04 7 65,880 50,04 7 65,880 |
2021 | 2021 |
|---|---|---|---|
| 100 | |||
| Fixed assets Freehold land |
- | ||
| Current assets | |||
| Cash and cash deposits 9 |
50,59 7 |
||
| 50,59 7 |
|||
| Current liabilities |
|||
| Credit ors 6 |
(550) | ||
| Net current assets |
50,04 7 |
||
| Total net assets |
50,04 7 |
||
| Represented by: |
|||
| Accumulated fund 7 |
50,04 7 |
The financial statements on pages 4 to 11 were approved by the trustees and were signed on their behalf by Kate Hobhouse and Richard Cawdron on 9[th] May 2022
7
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Consolidated cash flow statement for the year to 31 December 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Net cash fow from ordinary activities 8 |
24,14 7 |
2,456 | ||
| Grants made to charity 11 |
(18,31 2) |
(7,792 ) |
||
| Increase/(Decrease) in cash for the year 9 |
5,835 | (5,336 ) |
||
The notes on pages 8 to 11 form an integral part of these financial statements.
8
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Notes to the Consolidated Financial Statements as at 31 December 2021
1. Accounting Policies:
-
(i) Basis of accounting
-
The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom and under the historical cost convention. The financial statements have also been prepared in compliance with the Statements of Recommended Practice for Charities.
-
(ii) Turnover Turnover, which excludes value added taxation, represents the value of merchandise sold and proceeds from fund raising activities. Less than 1% of the merchandise sold is overseas sales.
-
(iii) Advertising revenues Advertising revenues are booked at date of billing as they are nonrefundable if adverts are subsequently cancelled.
-
(iv) Taxation The charge for taxation is based on the profit for the period. Provision is made for deferred taxation, caused by taking into account timing differences between the treatment of certain items for taxation and accounting purposes, only to the extent that it is probable that the actual liability or asset will crystallise.
2. Segmental information on turnover and cost of sales
Turnov er
| Flower Festival Cider and Cheese Fair Sarratt Hall Garage Sale Virtual Flower Festival Christmas Card Sales Reeling Compa ny Total 3. 2021 2020 |
Gr oss £ 9,966 3,521 3,508 - - - |
Expe nse £ 1,022 95 - - - - |
2021 £ 8,944 3,426 3,508 - - - |
2020 £ - 693 173 3,422 4,288 (13) 4,275 surplus |
|
|---|---|---|---|---|---|
| 16,995 | 1,117 | 15,878 | |||
| - | 13 | (13) | |||
| 16,995 | 1,130 | 15,865 | |||
| Operating |
9
Friends of Holy Cross Church, Sarratt and subsidiary trading company
Operating surplus is stated after charging: Accountancy £ 550 £550
4 . Trustees emoluments 2021 2020 Fees and other emoluments £nil
£nil
5. Staff numbers and costs
The average number of staff including executive trustees employed by the company was nil and no costs were incurred.
6. Creditors – due within one year
| Grou p |
Grou p |
Gro up 2020 £ 3,342 3,342 |
Gro up 2020 £ 3,342 3,342 |
|||
|---|---|---|---|---|---|---|
| 2021 | ||||||
| £ | ||||||
| Sundry creditors | 550 | |||||
| 550 | ||||||
| 6. Creditors – due within one year | ||||||
| Compa ny |
Comp any |
|||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Sundry creditors | 550 | 3,342 | ||||
| 550 | 550 | |||||
7. Reconciliation of movements in shareholder funds
| 7. Reconciliation of movements in shareholder funds | 7. Reconciliation of movements in shareholder funds | 7. Reconciliation of movements in shareholder funds | 7. Reconciliation of movements in shareholder funds | 7. Reconciliation of movements in shareholder funds |
|---|---|---|---|---|
| Group Compa ny Grou p Compa ny |
||||
| 2021 | 2021 |
202 0 |
2020 |
10
Friends of Holy Cross Church, Sarratt and subsidiary trading company
| company | ||||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Opening accumulated fund | 65,88 0 |
65,880 | 68,4 24 |
68,4 24 |
| Surplus/(Defcit) for the year |
5,835 | 5,835 | (2,54 4) |
(2,54 4) |
| Gift of freehold land to Holy Cross |
(21,5 67) |
(21,56 7) |
- | - |
| Closing accumulated fund | 71,71 5 |
71,715 | 65,88 0 |
65,8 80 |
8. Reconciliation of group operating surplus on ordinary activities to net cash flow from operating activities
| Surplus/(Defcit) from operations Decrease/(Increase) in debtors (Decrease)/Increase in creditors Net increase in cash fow from operations |
2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| 5,835 | (2,54 4) |
||||
| - | - | ||||
| (2,7 92) |
2,792 | ||||
| 3,043 | 248 |
9. Reconciliation of net cash flow to movement in net funds
| Increase in cash in year Net funds at beginning of year Net funds at end of year |
Gro up |
Gro up |
||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| 3,04 2 |
248 | |||
| 47,65 5 |
47,40 7 |
|||
| 50,69 7 |
47,655 |
Compa
11
Friends of Holy Cross Church, Sarratt and subsidiary trading company
| Increase in cash in year Net funds at beginning of year Net funds at end of year |
Compan y |
Compan y |
ny | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| 3,04 2 |
248 | |||
| 47,55 5 |
47,307 | |||
| 50,59 7 |
47,55 5 |
10. Investment in subsidiary
The Charity wholly owns The Friends of Holy Cross Church Trading Company Limited, which trades under the name of ‘Village Books’. The company was incorporated on 22 January 2001 in England and Wales with a share capital of 100 shares at £1 each, fully paid.
11. Grants
The following grants were paid by the group for the year ended 31 December 2021.
| December 2021. | ||||
|---|---|---|---|---|
| Grou p |
Grou p |
|||
| 2021 | 2020 | |||
| £ | £ | |||
| Holy Cross PCC | 18,31 2 |
7,792 | ||
12. Related party transactions
During the year the group had no related party transactions with trustees or directors of the subsidiary company (£nil - 2020 ).
13. Commitments
The group had no commitments at 31 December 2021 (£nil - 2020).
12
The Friends Of Holv Cross Church IWIDEPEIYDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FIUENDS OF HOLY CROSS CHURCH SARRATT I report on Ihc accounts of the Trust for the year ended 31 December 2021. Respective responsibilities of trustees and ex4miner and bASiS of report As the charity's trustees you are responsible for the preparation of the accounts" you consider Ihat the audit requircment of section 144(2) of the Charities 2011 (the 2011 Act) does not apply and that an independent examination is requir. It is my restK)Dsibility to.. exarnine the accounts under Scction 145 of the Charities Act 2011 to follow the procedle5 laid down in the General Dir¢ction5 given by the Charity Commission (under Section 145(5)(b) of the 2011 Act)-. and to state whether particular matters hav¢ COTne to my attention. Independellt examiner's statement I have eonwleted my examination. I confirn] that no matters have come to my attention in eonnection with the examination giving me cause to believe: (l) Accounting records wer¢ not kept in respect of the Company as required by scction 386 of the 2006 Act- or {2) the accounts do not accord with thosc records or (3) the accounts do not comply with the accounting r¢quir¢menls of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair vtew which is not collsidercd as part of an independent ¢xamination,' or (4) the accounts have not been prepared in accordance with the methods and principles of the StAtement of Recommended Prdclice for accounting and reporting by charitiCS (applicabl¢ lo ¢lwities preparing their accounts in accordance witb the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)). 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 bc reachcd. iuwevbl FAIA FCCA Gabriel & Co 186 Colche$¢er Road, Leyton, London, 07 April 2022 EIO 6HQ
Friends of Holy Cross Church, Sarratt and subsidiary trading company The Friends of Holy Cross Church Sarratt Consolidated Financial Statements for the year ended 31 December 2021 Registered Charity No. 1018991
Friends of Holy Cross Church, Sarratt and subsidiary trading company Trustees, Report for the year ended 31°, December 2021 The trustees present their annual report and financial statements for the year ended 31" December 2021. Principal activities The principal activity of the Charity, (charity no. l 018991), is to raise fijnds for the preservation, maintenance, restoration, replacement. improv¢m¢nt or ornamentation of Holy Cross Church. Sarratt. The Charity holds a number of nd raising events during the year. The principa] activity of the wholly owned subsidiary. Friends of Holy Cross Church Trading Company Limited is the selling of merchandise, often donated, in order to rais¢ funds for th¢ Charity. Donation of freehold land In August 2021 the title to the piece of land next to the graveyarL( purchas¢d in Febnw 2018, was transferred to Holy Cross Church, Saatt as a gift. Grants During the year the Charity made grants of £18,312 (£7,792 - 2020) to the PCC of Holy Cross Church, Sarratt for the preservation and maintenance of the church. Preparation of accounts This report is prepared in accordance with the special provisions of the statements of recommended practice for Charities. Statement by the treasurer Covid 19 continued to result in some planned events having to be cancelled. However, we were able to hold our Flower Festival in June and the Cider and Ch¢¢s¢ Fair in Nov¢mb¢r both of which were a great success. £24.778 was raised from events, donations, interest and gift aid and we thank all those who have support¢d the events and those who made donalions. Richard Cawdron Hon. Treasurer
Friends of Holy Cross Church, Sarratt and subsidiary trading company Statement of trustee5' responsibilities Charity law requires the ttustees to prepare consolidated fmancial statements for each financial year which give a true and fair view of the state of affairs of the Charity and group and of the gToup's profit and loss for that period. In Preparing those financial statements, the trustees are required to: Select suitable accounting polici and then apply them consistently. Make judgments and estimates that are reasonable. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in operation. The trustees are responsible for the keeping of proper accounting records which disclose with reasonable accuracy at any time the fjnancial position of the group and to enable theln lo ensure that the financial statements comply with the Statements of Recommended Practice for charities. The tntee$ and officers at the year-end were as follows: Kate Hobhouse (Chalr) Chris Adams Marilyn Butler Richard Cawdron (Honorary Treasurer) Flora Garvey Katie Naylor Diane Quayle (Honorary Secretary) Anna Rankin Sue Roberts Ex-ole10 Rev Michele du Saire (Rector & President) Nicola Clough (Churchwarden) Linda Clough
Friends of Holy Cross Church, Sarratt and subsidiary trading company Consolldated Income and expenditure account for the year ended 31 December 2021 Notes 2021 2020 Turnover from fundraising activities Cost of sales 16,995 4,441 166 Gr05s surplus from operations 15,865 4,275 Donations and gift aid 8,387 915 Interest income 513 608 Operating surplus 24,765 5,798 Operatillg expenses 618 550 Surplus on ordinary activities 24,147 5,248 Grants made to charity Surplusl(Deficit) for the year The group has no recognised gains and losse5 Other than those included above. All the above items relate to th¢ continuing operations of th¢ Charity. The notes on pages 8 to I I fomi an integral part of these fllwicial statements.
Friends of Holy Cross Church, Sarratt and subsidiary trading company Consolldated balance sheet as of 31 December 2021 Notes 2021 2020 Fixed assets Freehold land Current assets Cash and cash deposits 50,697 50,697 47,655 47,655 Current liabilities Creditors (550) (3,342) Net current assets 50,147 65,880 Total net assets Represented by: Accumulated fund 50,147 The financial statements on pages 4 to I I were approved by the trnstees and were signed on their behalf by Kate Hobhouse and Richard Cawdron on 7 April 2022
Friends of Holy Cross Church, Sarratt and subsidiary trading company Charfity balgnee sheet 88 of 31 Deeember 2021 Notes 2021 2020 Investment in subsidiary loo loo Fixed assets Freehold laThd 21.567 Current assets Cash and cash deposits 50,597 50,597 47,555 47,555 Current liabiliti¢s Creditors (550) (3,342) Net current assets 50,047 44,213 Total net assets 50.147 65.880 Repr¢sented by: Accumulated fund 50,147 65,880 The financial statements on pages 4 to I I were approved by the trnstees and wer¢ signed on their beha]f by Kate Hobhousc and Richard Cawdron on 7 April 2022
Friends of Holy Cross Church, Sarratt and subsidiary trading company Consolidated cash flow statement for the year to 31 Deeember 2021 2021 2020 Note Net cash flow from ordinary activities 24,147 5,248 Grants made to charity (18,312) (7,792) Incre&se/(Decre&8e) in cash for the year 5.835 (2.544) The notes on pages 8 to I I forni an integral part of these financial statements.
Friends of Holy Cross Church, Sarratt and subsidiary trading company Notes to the Consolidated Financial Statements as at 31 December 2021 l. Accounting Policies: Basis ofaccounling The financiaI statements have bccn prepared in a¢cordan¢¢ with applicable Accounting Standards in the United Kingdom and under the historical cost convention. The financial statements have also been prepared in cornpliance with the Statevnents of Recommended Practi¢¢ for Charities. Turnover Turnover, which excludes value added taxation. represents the value of merchandise sold and proceeds from fund raising acliviti¢s. Less than l 0/0 of the merchandise sold is overseas sales. (iii) Advertising revenues Advertising revenues are booked at date of billing as they aTe non-refundable if adverts are subsequently cancelled. (iv) TtLration The charge for taxation is based on the pmfit for the period. Provision is made for deferred taxation, caused by taking into account timing differences between the treatment of certain items for t&Kation and accounting purposes. only to the extent that it is probable that the actual liability or asset will crystsllise. 2. Segmental information on turnover and cost of $21es Turnover Gros5 Ex ense 2021 2020 Flower Festival Cider and Cheese Fair Sarratt Hall Garage Sale Virtual FloweT F¢stivaI Christmas Card Sales Reeling 9,966 3.521 3,508 1,022 95 8,944 3,420 3,508 693 173 3.422 4.288 16,995 1,117 15,878 Company 13 13) 13 Total 16,995 1,130 15,865 4,275 3. Operating surplus 2021 2020 Operating sU[uS is stat¢d aft¢r charging.. Accountancy
Friends of Holy Cros5 Church, Sarratt and subsidiary trading company 4. Trustees emoluments 2021 2020 Fees and other emoluments £nil £nil 5. Staff numbers and costs The average number of staff including executive th]st¢es employ by the company was nil and no costs were incurred. 6. Creditors - due within one year Group 2021 Group 2020 Sundry creditors 550 3,342 550 6. Creditors - due within one year Company 2021 Company 2020 Sundry creditors 550 3,342 550 550 7. Reconciliation of movements in shareholder funds Group 2021 Company 2021 Group 2020 Company 2020 Opening accumulated fund Surplusl(Defi¢it) for the year Gift of freehold land to Holy Cross Closing accumulated fund 65,880 5,835 (21.567) 50,147 65,880 5.835 (21,567 50,147 68,424 (2,544) 68.424 {2,544) 65,880 65.880
Friends of Holy Cross Church, Sarratt and subsidiary trading company 8. Reconciliation of group operating surplus on ordAnary activities to net cash flow from operatins activities 2021 2020 Surplusl(Deficit} from operations Decreasel(Incr¢ase) in debtors 5,835 (2.544) (D¢cr¢as¢)IIn¢rease in creditors (2,792) 2,792 Net increase in cash flow from operations 3,043 248 9. Reconciliation of net cash flow to movement in net funds Group 2021 Group 2020 Increase in cash in year Net lldS at beginning of year 3,042 47,655 248 47,407 Net flmds at end of year 50.697 47,655 Company Company 2021 2020 Increase in cash in year Net fiu]ds at beginning of year 3,042 47,555 248 47,307 Net fimds at end of year 50,597 47,555 10. Investment An subsidiary The Charity wholly owns The Friends of Holy Cross Church Trading Company Lirnited, which trades under the name of 'Village Books,. Th¢ COTnpany was incorporated on 22 January 2001 in England and Wales with a share capital of100 shares at £1 &h. fully paid. io
Friends of Holy Cross Church, Sarratt and subsidiary trading company 11. Grants The following grants were paid by the group for the year end¢d 31 December 2021. Group 2021 Group 2020 Holy Cross PCC 12. Related PArty transactions During the y¢ar the group had no related party transactions with trustees or directors of the subsidiary company (£nil - 2020). 13. Commitments The group had no commitments at 31 December 2021 (£nil - 2020).