NEWFIELD COMMUNITY CHURCH TRUST
Accounts- 31st December 2021
## **NEWFIELD COMMUNITY CHURCH TRUST**
Charity number: 1043115
Accounts – 31st December 2021
## **INDEX**
- 1-2. Report of the Trustees and General Information 3. Independent Examiner’s Report to the Trustees 4. Statement of Financial Activities 5. Balance Sheet 6-9. Notes to the Accounts
1.
## **NEWFIELD COMMUNITY CHURCH TRUST**
## **REPORT OF THE TRUSTEES for the year ended 31st December 2021**
The Trustees are pleased to present their annual report and financial statements of the charity for the year ended 31st December 2021.
The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and complies with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.
## **Reference and Administration Details**
The charity’s name is Newfield Community Church Trust (formerly Marlow Christian Fellowship Trust).
Charity Registration Number: 1043115
Registered Address: Foxes Piece School Newfield Road Marlow Bucks SL7 1JW
## **Trustees**
The Trustees and officers who served during the year and since the year end were as follows:
Mark Davies Gillian Snowdon Grant Syred Angela Hedges Matthew Sweet
## **Objects and Activities**
The main objects of the charity are:
- a) The advancement of the Christian faith
- b) The relief of people in need, sickness, hardship or distress
In planning the activities of the charity the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
The work of the Trust throughout the year has continued to focus on church-related activities in Marlow, the surrounding district and abroad.
## **Achievements and Performance**
Like 2020, 2021 also presented unusual challenges to our operations. With the pandemic and its related hardships, the spiritual, practical and financial support needs of those in the church and our community has remained our primary focus. The social distancing and lockdown rules have meant the implementation of new methods and tools, such as online Sunday services and small groups held via Zoom. When permitted, the accommodation at Foxes Piece School in Marlow continues to be used in serving the local community, including the running of the twins club, a Mums & Toddlers coffee morning, and craft evenings. These are in addition to its use for church meetings throughout the week.
The funding for these activities is regularly reviewed by the trustees. Our commitment to ‘integral mission’ continues, with financial support going to both individuals and projects where material and spiritual needs can be met effectively and with appropriate accountability.
2.
## **NEWFIELD COMMUNITY CHURCH TRUST**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31st December 2021 (** Continued)
## **Financial Review**
The total income for the year was £38,178 and total expenditure on charitable activities amounted to £36,369.
## **Reserves Policy**
The trustees have examined the charity’s requirements for reserves taking account of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between £10,000 and £12,000 in order to meet the short to medium term operating needs. The present level of the reserves available to the charity of £149,998 are therefore in excess of this level.
## **Structure, Governance and Management**
## **Governing Document**
The Trust was set up by Trust Deed dated 28[th] November 1994. It is registered as a charity with the Charity Commission.
## **Appointment of Trustees**
New Trustees are elected from the membership of Newfield Community Church Trust by the existing trustees and ratified by the Elders of the Church. All trustees are required to read the Charity Commission’s publications, especially CC3 covering Responsibility of Charity Trustees.
This report was approved by the trustees on 12 August 2022 and signed on its behalf by:
T M Davies
………………………………….. Mark Davies - Trustee
Marlow
3.
## **NEWFIELD COMMUNITY CHURCH TRUST**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report to the trustees on my examination of the accounts of Newfield Community Church Trust for the year ended 31st December 2021.
## **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”).
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 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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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.
A P Williams FCCA A J Carter & Co Chartered Accountants
22b High Street Witney Oxon OX28 6RB 15th August 2022
4.
## **NEWFIELD COMMUNITY CHURCH TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES**
_(including an income and expenditure account)_ **for the year ended 31st December 2021**
|Note
**Income from:**
Donations and legacies
3
Investments
4
Other
5
**Total incoming resources**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net income/(expenditure) and net**
**movement in funds for the year**
**Transfer between funds**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
35,746
-
35,746
937
-
937
1,495
-
1,495
38,178
-
38,178
36,369
-
36,369
36,369
-
36,369
1,809
-
1,809
-
-
-
1,809
-
1,809
148,189
-
148,189
£149,998
£-
£149,998|**Total**
**Funds**
**2020**
**£**
34,188
1,194
2,151|
|---|---|---|
|||37,533|
|||31,034|
|||31,034|
|||6,499
-|
|||6,499
141,690|
|||£148,189|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 6 to 9 form part of these financial statements
5.
## **NEWFIELD COMMUNITY CHURCH TRUST**
## **BALANCE SHEET as at 31st December 2021**
|Note
**Current assets**
Debtors
11
Cash at bank and in hand
**Total current assets**
**Liabilities**
Creditors falling due within one year
12
**Total net assets**
**The funds of the Charity**
**Total unrestricted funds**
13|**2021**
**£**
5,085
146,834
151,919
1,921
£149,998
£149,998|**2020**
**£**
5,247
144,622|
|---|---|---|
|||149,869
1,680|
|||£148,189|
|||£148,189|
These accounts were approved by the trustees and authorised for issue on: 12 August 2022 and are signed on their behalf by:
T M Davies ...................................................... Mark Davies - Chairman
The notes on pages 6 to 9 form part of these financial statements
**NEWFIELD COMMUNITY CHURCH TRUST**
6.
**NOTES TO THE ACCOUNTS for the year ended 31st December 2021**
## 1. **Accounting Policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a) **Basis of Preparation**
The Financial Statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## b) **Public Benefit Entity**
Newfield Community Church Trust meets the definition of a public benefit entity under FRS 102.
## c) **Going Concern**
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## d) **Income Recognition Policies**
Items of income are recognised and included in the accounts when all of the following criteria are met:
- The charity has entitlement to the funds;
- any performance conditions attached to the items of income have been met or are fully within the control of the charity;
- there is sufficient certainty that receipt of the income is considered probable; and
- the amount can be measured reliably.
Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.
- e) **Interest Receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
## f) **Fund Accounting**
- Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
**NEWFIELD COMMUNITY CHURCH TRUST**
7.
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st December 2021** (continued)
- g) **Expenditure and Irrecoverable VAT**
- Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
- h) **Debtors**
Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
- i) **Cash at Bank and in Hand** Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
- j) **Creditors and Provisions**
- 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.
2. **Legal Status of the Charity**
Newfield Community Church Trust is a registered charity and was formed under a Deed of Trust dated 28[th] November 1994.
## 3. **Income from donations**
|Gifts and donations|2021
£
35,746
£35,746|2020
£
34,188|
|---|---|---|
|||£34,188|
## 4. **Investment income**
The Charity investment income arises from money held in a Building Society account and a United Trust bank account.
## 5. **Income earned from other sources**
|Use of premises
Job retention scheme grants|2021
£
-
1,495
£1,495|2020
£
2,151
-|
|---|---|---|
|||£2,151|
8.
## **NEWFIELD COMMUNITY CHURCH TRUST**
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st December 2021** (continued)
## 6. **Analysis of expenditure on charitable activities**
|UK Mission
Mission Other
Rental expenses
Utilities
Insurance
Repairs and maintenance
Software and equipment
Wages and salaries
Telephone
Subscriptions
Advertising
Sundry expenses
Professional charges
Catering
Governance costs
**Total**
7.
**Net income/(expenditure) for the year**
_This is stated after charging:_
Independent examiner's fee
8.
**Analysis of staff costs and trustee remuneration and expenses**
Salaries and wages
Social security costs
Pension costs|2021
Total
£
1,324
50
2,408
-
365
-
1,934
23,485
425
219
-
1,189
3,010
280
1,680
£36,369
2021
£
1,680
2021
£
22,813
-
672
£23,485|2020
Total
£
1,974
-
12,083
(1,220)
502
993
2,675
8,034
332
176
202
1,504
2,000
99
1,680|
|---|---|---|
|||£31,034|
|||2020
£
1,680|
|||2020
£
7,800
-
234|
|||£8,034|
No employees had emoluments in excess of £60,000 (2020: Nil). The above costs represent remuneration paid to key management personnel.
The trustee A Hedges is paid for her employment as a Family and Community Worker. Other than this the charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £Nil) neither were they reimbursed expenses during the year (2020: £Nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £Nil).
9.
## **NEWFIELD COMMUNITY CHURCH TRUST**
## **NOTES TO THE ACCOUNTS**
**for the year ended 31st December 2021** (continued)
## 9. **Staff numbers**
The average monthly number of employees during the year was as follows:
|2021|2020|
|---|---|
|Number|Number|
|2|1|
## 10. **Related party transactions**
During the year under review, trustees, employees or their families made unrestricted donations totalling £10,590 (2020: £10,960).
## 11. **Debtors**
|Gift aid recoverable
Prepayments
**Creditors: amounts falling due within one year**
Accruals|2021
£
4,745
340
£5,085
2021
£
1,921
£1,921|2020
£
4,597
650|
|---|---|---|
|||£5,247|
|||2020
£
1,680|
|||£1,680|
## 12. **Creditors: amounts falling due within one year**
## 13. **Analysis of charitable funds**
**Analysis of movements in unrestricted funds**
|General fund
**Total**|Balance
Incoming
Resources
31.12.2020
resources
expended
Transfers
£
£
£
£
148,189
38,178
(36,369)
-
£148,189
£38,178£(36,369)
£-|Funds
31.12.2021
£
149,998
£149,998|
|---|---|---|
## 14. **Other matters**
At 31st December 2021 the Trust had no annual commitments under non-cancellable operating leases expiring in one year for land and buildings.