2020-12-31-accounts - Assemblies Of God Pentecostal Church

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Assemblies of God (Redditch Assembly)

Financial Statements for the

year ended 31 December 2020

Assemblies of God (Redditch Assembly)

INDEX
for the year to	31 December 2020
Page 1	Church information
Page 2-4	Trustees Report
Page 5	Independent Examiner's Report
Page 6	Statement of Financial Activities
Page 7	Balance Sheet
Pages 8-12	Notes to accounts

Assemblies of God (Redditch Assembly)

CHARITY INFORMATION

Trustees

Mrs Elaine Palmer-Taylor (Senior Pastor/Chair of Trustees) Mr Roy Jones Mr Audley Black Mr Opeyemi Aketepe Mrs Cilla Chiweshe Mr Dan Iliffe

Charity Number

1050446

Charity Correspondence Address

AOG Pentecostal Church Elm Rd Redditch B97 6HJ

Independent Examiner

DKR Chartered Accountants & Tax Consultants Ltd 36 Lichfield Street Walsall West Midlands WS1 1TJ

Bankers

Barclays Business Centre Redditch Branch 26-28 Evesham Street Redditch B97 4EX

Solicitors

Geldards Solicitors Number One Pride Place Pride Park Derby DE24 8QR

Assemblies of God (Redditch Assembly) Trustees’ Report for the year ended 31 December 2020

The trustees present their report and accounts for the year ended 31 December 2020

Trustees

The trustees serving Church Council are Elaine Palmer-Taylor (Chair) Audley Black, Roy Jones, Dan Iliffe, Opeyemi Aketepe, Cilla Chiweshé. Appointment of trustees is governed by the Trust Deed of the charity. The Church Council is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

Investment Powers

The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.

Constitution, Objects and Policies

The Charitable Trust is constituted by Trust Deed for the advancement of the Christian faith. We have successfully achieved this, in terms of presenting the gospel of Jesus Christ, clearly expressed in the provision we offer, to the community. This approach has enabled us to share effectively a spiritual and practical expression of the Christian faith in the community where we live. When planning our activities for the year the trustees and leadership team have considered the Charity Commission’s guidance on public benefit and in particular the specific guidance to charities for the advancement of religion.

The policy of the Church continues to be to seek, grow and develop and continue to run the projects in order to contribute in the local community to the Vision of the fellowship of Assemblies of God which is:

‘The purpose of Assemblies of God is to give to every man. Woman and child the opportunity of understanding the gospel and to provide a church where they can grow and develop in ministry for the glory of God.’

Development, activities and achievements

The trustees consider that the church would not be able to exist without the continued support of a number of willing members who give their time and services voluntarily. By careful management and improved giving by the membership the general financial position has been sustained. The trustees consider that the church holds sufficient reserves to cover the ongoing operations of the charity.

In addition to the Church Council/Trustees, the church has a leadership team of five ministers consisting of a Pastor/Senior Leader and four Elders. There are also worship, youth and children’s leaders.

The children and youth services for ages up to 18 years operate during the Sunday morning church services. However, during 2020 this has not been possible due to the COVID-19

Pandemic and imposed government lockdown restrictions. In general, Church services were undertaken online either by pre-recorded services or via the Zoom interactive platform.

The church supports three missionaries overseas South Africa and Tanzania. These missionaries were all members of the church congregation.

The Thursday community lunch club opened by the church in 2017 is a meeting place that provides friendship, hot meals, clothing, toiletries, fruit, vegetables, bakery items and spiritual support. The club is self-financing through monetary gifts from church members and weekly food donations from two large supermarket chains. The church provides additional support to the community by distributing food to the homeless and people in need. The food is donated by a retail bakery chain. Unfortunately, due to the COVID-19 Pandemic, the club was suspended from March 2020.

The property is well maintained with continuous improvements being made both in and on the building and grounds.

Financial review

This year’s income predominately consists of tithes, offerings and gift aid amounted to £30,811 (£36,316 in 2019). Expenditure for direct church running costs was £34,724 (cp £44,265 in 2019), with related church activities coming to £3585 (cp £4,351 for 2019).

This gave a deficit for the year of £7,498, but the expenditure for this year included unplanned maintenance using the reserves built up over previous years. Without these the church would have had a healthy surplus.

The church is expecting a reduction in its income during 2021 due to the COVID-19 pandemic which meant many congregants are unable to attend due to shielding and self isolation. However, no major capital expenditure is planned so there are no going concern issues.

The total net worth of the church is £149,305 (cp £156,803 in 2019). This includes the church building at a historic value of £ £128,816, but in February 2019 the building was valued for insurance purposes at £950,000.

Future developments

Despite the setback caused by the COVID-19 pandemic, it is still hoped that the church can continue to grow and develop with new self-financing projects so that the impact of the church on the spiritual and practical needs of the people of Redditch will be further enhanced.

Statement of Trustees’ Responsibilities

The trustees are required under the constitution of the charity to prepare financial statements each financial year which give a true and fair view of the state of affairs of the charity and of its results for that period. In preparing those financial statements the trustees are required to:

(a) Select suitable accounting policies and apply them consistently. (b) Make judgements and estimates that are reasonable and prudent.

(c) Prepare the financial statements on an ongoing concern basis unless it is inappropriate to assume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the trustees on 01/08/2021 and signed on their behalf by

Elaine Palmer-Taylor

Independent Examiner’s Report to the Trustees Assemblies of God (Redditch Assembly) for the year to 31 December 2020

This report on the financial statements of the charity for year ended 31 December 2020 set out on the following pages is in respect of an examination carried out in accordance with section 145 of the Charities Act 2011 (‘the Act’).

Respective responsibilities of charity and the examiner

The church is responsible for the preparation of the accounts; and considers that the audit requirement of section 144 (2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145 (5) (b) of the Act, whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

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.

DKR Chartered Accountants & Tax Consultants

36 Lichfield Street Walsall West Midlands WS1 1TJ

2020

Assemblies of God (Redditch Assembly)

Statement Of Financial Activities for the year to 31 December 2020

Note Incoming Resources Voluntary income General Offerings and Donations Gift Aid Tax Refunds Charitable activities Event Income Investment income Bank Interest Other trading activities Other Income Total income Resources Expended Charitable Activities Direct Church Running Activities 2(a) Related Church Activities 2(b) Total expenditure Net Income (expenditure) Reconciliation of Funds Total funds brought forward Total funds carried forward	Unrestricted Funds 2020 £ 25,303 5,508 - - - 30,811 34,724 3,585 38,309 (7,498) 156,803 149,305	Total Funds 2020 £ 25,303 5,508 - - - 30,811 34,724 3,585 38,309	Total Funds 2019 £ 28,294 7,090 575 32 325
			36,316
			44,265 4,351
			48,616

		(7,498)	(12,300)
		156,803 149,305	169,103
			156,803

There were no recognised gains or losses for 2020 or 2019 other than those included in the Statement of Financial Activities

** For full comparison see note 10

Assemblies of God (Redditch Assembly)

Balance Sheet as at 31 December 2020

2020 £ £ 135,285 466 14,466 14,932 (912) 14,020 149,305 149,305 23,054 126,251 - 149,305	2019 £ £ 137,441 494 19,568 20,062 (700) 19,362 156,803 156,803 19,362 137,441 - 156,803	2019 £ £ 137,441 494 19,568 20,062 (700) 19,362 156,803 156,803 19,362 137,441 - 156,803
14,932 (912)	20,062 (700)
		156,803
		156,803
		19,362 137,441 -
		156,803

Approved by the trustees on 1/8/202 and signed on their behalf

Trustee………………………

Name: Elaine Palmer-Taylor

Assemblies of God (Redditch Assembly)

Notes to the accounts

for the year to 31 December 2020

1.Accounting policies

Basis of preparation

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) published on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) the Charities Act 2011 the and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements have been prepared on a going concern basis under the historical cost convention modified to include certain items at fair value.

No changes have been made to the financial statements for previous years unless otherwise stated within the notes as a prior year adjustment.

Funds

Unrestricted fund s are income funds which are to be spent on the charitys general purpose.

Restricted fund s comprise of two elements :-

a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest

b) donations or grants received for a specific object or invited by the charity for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The church does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Income

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the church is legally entitled to the amounts due. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the charity. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Tangible fixed assets for use by the charity are stated at cost less depreciation

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets estimated residual value, over their expected useful lives.

Equipment And Furniture @ 25% Reducing Balance

Assemblies of God (Redditch Assembly)

Notes to the accounts cont'd for the year to 31 December 2020

2 Charitable Activities 2(a). Direct Church Running Activities Salaries & NIC Church Running costs Maintenance and Renewals Planned Major Maintance Central Region AOG sub Conference Small valued equipment Hospitality and Events Travel & Subsistence Depreciation of equipment Legal Cost Independent Examination Computer Expenses Staff Training Subscriptions 2(b). Related Church Activities Ministry Gifts and support Missionary Support Outreach Worship Music expenditure Youth and Childrens Ministry	2020 £ 18,970 7,477 1,568 - 1,260 248 330 158 220 2,156 - 840 444 907 146 34,724 2020 £ - 3,580 - 5 - 3,585	2019 £ 18,687 9,430 2,195 3,680 1,639 709 2,204 1,439 287 2,875 420 700 - - -
		44,265
		2019 £ 282 2,900 66 849 254
		4,351

Assemblies of God (Redditch Assembly)

Notes to the accounts cont'd for the year to 31 December 2020

3. Net movement in funds for the year The net movement in funds for the year is stated after charging: Independent Examination and accounts preparation 4. Staff Costs Wages & Salaries Social Security Costs Employer Pension costs	2020 £ 840 2020 £ 18,570 - 400 18,970	2019 £ 700 2019 £ 18,352 - 335
		18,687

No remuneration was paid to the trustees in the year The average weekly number of staff employed by the church during the year was as follows:

Church Pastor

1 1

5. Tangible fixed assets for use by the Charity Church Premises Equipment & Furniture Cost as at 1 January 2020 £ 128,816 £ 31,414 Additions - Cost as at 31 December 2020 128,816 31,414 Depreciation as at 1 January 2020 - 22,789 Charge for the year - 2,156 Depreciation as at 31 December 2020 - 24,945 Net book Value as at 31 December 2020 128,816 6,469 Net book Value as at 31 December 2019 128,816 8,625	TOTAL £ 160,230 -
	160,230
	22,789 2,156
	24,945

	135,285

	137,441

The church premises were valued in February 2019 for insurance purposes at £950,000

Assemblies of God (Redditch Assembly)

Notes to the accounts cont'd for the year to 31 December 2020

6. Debtors Gift Aid tax due 7.Bank and Cash Bank Accounts 8.Creditors :amounts falling due in one year Accrual Pensions 9.Funds Balance 1 January 2020 £ Designated fixed assets Funds 128,407 Unrestricted Funds 28,396 Total Funds 156,803	Incoming £ - 30,811	2020 £ 466 466 2020 £ 14,466 14,466 2020 £ 840 72 912 Outgoing £ 2,156 36,153 38,309	2019 £ 494
			367
			2019 £ 19,568
			19,568
			2019 £ 700 -
			898
			Balance 31 December 2020 £ 126,251 23,054
	30,811		149,305

Assemblies of God (Redditch Assembly)

Notes to the accounts cont'd for the year to 31 December 2020

10. SOFA Comparatives

Restricted Funds 2019 £ - - - - - -	Unrestricted Funds 2019 £ 28,294 7,090 575 32 325	Total Funds 2019 £ 28,294 7,090 575 32 325
	36,316	36,316
- -	44,265 4,351	44,265 4,351
-	48,616	48,616

-	(12,300)	(12,300)
-	169,103	169,103
-	156,803	156,803

11. Risk and Reserves Policies

The trustees continue to monitor risk and reserves via regular meetings and treasurer reports

An officially agreed policy is under review. However there is an unofficial policy equivalent to 3 months routine expenditure which based on 2020 and 2019 was £9,500.