Trustees’ Annual Report for the period
From 1[st] December 2020 to 30[th] November 2021
Charity name: Discovery Church Swindon Charity registration number: 1050620
Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The proclamation and furthering of the gospel of Jesus Christ |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Regular services of worship, preaching and expounding the Holy Bible. Activities within the local communities that promote cohesion and family unity, e.g. Parent and Toddlers, youth events and Alpha courses. In addition to this we employ two full-time debt counsellors who offers free debt counselling via a nationwide scheme known as CAP - Christians Against Poverty. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | We confirm that as trustees we have had regard to the guidance issued by the Charity Commission on public benefit |
| Additional information (optional) Youmay choose toincludefurtherstatements |
whererelevant about: | |
| SORP reference |
||
| Policy on grant making | Para 1.38 | We do not offer grants to other bodies or individuals, but we do try to support the international church by sending money for specific projects to support countries like Burkina Faso, Nagaland in North East India and in Albania |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | Our volunteers engage fully in enabling us to fulfil the purposes of the charity, for example many help as befrienders via our Christians Against Poverty ministry |
Other
Achievements and Performance
| SORP reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During this period the Church has seen modest growth in its numbers at all three sites where we conduct Christian Worship Services. We have helped a number of families through our partnership with Christians Against Poverty in the Swindon Community. We have also been at the forefront of initiatives under the Good News for Swindon network promoting the working together of Christian Churches in the town to worship together, co-operate on serving the great town of Swindon and its people with social action projects that include areas such as youth ministry, homeless shelters, food banks etc. Our new church in thePenhillarea continues albeit via zoom for some of the time due to the COVID pandemic. We started our normal face to face services outdoors from April and as restrictions eased within the building as Government regulations allowed – with face masks etc. All our churches followed a similar pattern with most support provided via zoom online. Our senior leader resigned just prior to this reporting period and took up employment elsewhere. The local churches continue to be led by those appointed, some are salaried and others lead them on a bi- vocational basis. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | Very little was accomplished during the reporting period due to the restrictions of the pandemic, although we continued to offer online support via zoom and WhatsApp. |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The church continues to operate with a healthy reserve and as a result of the senior leader resigning from a paid position the church has reduced the financial burden it was under as a result. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We hold £30,000 in reserve for staff salaries and hold a development fund aimed at supporting our work of renovating our mainbuilding. |
| Amount of reserves held | Para 1.22 | £49,000 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Almost all of our funding comes from the members of the church. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
Model Constitution with Trust deed for local AoG |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | A Christian Church Led by a Leadership Team |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Nominated by Church Council endorsed by Membership |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | The Trustees are selected on the basis of their Christian faith and maturity as well as their management skills. Discovery Church Swindon isno longera part of the Assemblies of God in Great Britain, since 7thMay 2019 having taken the decision locally to become an independent church. We retain however the same practices locally that have always governed our charity. The chairman of the charity is the senior minister, but he may delegate that responsibility with the permission of the other trustees. The senior minister is responsible for leading the charity overall, but each local church is run by a minister appointed to that role. The church is governed practically and financially by the Church Council who are the trustees of the charity and one member is based at each church location to represent their needs to the charity. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | In September 2019 the church started a fourth congregation in partnership with other Christian Churches in the town in the area of Penhill, under the heading ‘Penhill Community Church.’ It is managed practically and financially by Discovery Church Swindon. |
| Relationship with any related parties |
Para 1.51 | Good News for Swindon is a relational network of church and Christian organisational leaders who operate in the town of Swindon. We are a core part of this network. |
| Other |
Reference and Administrative details
| Charity name | Discovery Church Swindon |
|---|---|
| Other name the charity uses | n/a |
| Registered charity number | 1050620 |
| Charity’s principal address | Discovery Church Swindon 1 Lagos Street Swindon SN1 2BU |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Thomas Paul Price | Chair | |||
| Matthew Winbow | ||||
| Diane Perrott | ||||
| David Martin | Dec 2019 – 5thOct 2020 | |||
| Gentian Mullaliu | 17thNovember 2020 onwards |
|||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year |
|
|---|---|---|
| PropertyTrust | ||
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Thomas Paul Price | ||
Chairman |
||
| 28thApril 2020 | ||
| 28thApril 2020 |
REGISTERED CHARITY NUMBER: 1050620
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 November 2021
for
Discovery Church Swindon
Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
Discovery Church Swindon
Contents of the Financial Statements for the Year Ended 30 November 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Discovery Church Swindon
for the Year Ended 30 November 2021
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 30 November 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1050620
Principal address
1 Lagos Street Swindon Wiltshire SN1 2BU
Trustees
T P Price D Perrott D J Martin M Winbow
Independent Examiner
Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
Approved by order of the board of trustees on 24 January 2022 and signed on its behalf by:
Trustee
1
Independent Examiner's Report to the Trustees of Discovery Church Swindon
Independent examiner's report to the trustees of Discovery Church Swindon
I report to the charity trustees on my examination of the accounts of Discovery Church Swindon (the Trust) for the year ended 30 November 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Christopher Vaughan Institute of Chartered Accountants in England and Wales Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
24 January 2022
2
Discovery Church Swindon
Statement of Financial Activities
for the Year Ended 30 November 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 123,538 Investment income 2 4,678 Other income 994 Total 129,210 EXPENDITURE ON Charitable activities Support of Christian worship and discipleship 113,211 Missionary work 7,525 Total 120,736 NET INCOME/(EXPENDITURE) 8,474 RECONCILIATION OF FUNDS Total funds brought forward 641,181 TOTAL FUNDS CARRIED FORWARD 649,655 |
Restricted funds £ 45,180 - - 45,180 45,215 722 45,937 (757) 16,512 15,755 |
30.11.21 30.11.20 Total Total funds funds £ £ 168,718 166,807 4,678 4,431 994 6,334 174,390 177,572 158,426 154,998 8,247 30,694 166,673 185,692 7,717 (8,120) 657,693 665,813 665,410 657,693 |
|---|---|---|
The notes form part of these financial statements
3
Discovery Church Swindon
Balance Sheet
30 November 2021
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 590,000 1,675 57,980 59,655 59,655 649,655 649,655 |
Restricted funds £ - 120 15,635 15,755 15,755 15,755 15,755 |
30.11.21 Total funds £ 590,000 1,795 73,615 75,410 75,410 665,410 665,410 649,655 15,755 665,410 |
30.11.20 Total funds £ 590,000 1,328 66,365 |
|---|---|---|---|---|
| 67,693 | ||||
| 67,693 | ||||
| 657,693 | ||||
| 657,693 | ||||
| 641,181 16,512 |
||||
| 657,693 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 January 2022 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
4
Discovery Church Swindon
Notes to the Financial Statements for the Year Ended 30 November 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.11.21 | 30.11.20 | |
| £ | £ | |
| Rents received | 4,670 | 4,114 |
| Deposit account interest | 8 | 317 |
| 4,678 | 4,431 |
5
continued...
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2021 nor for the year ended 30 November 2020.
Salaries were paid to the following trustees with regard to church leadership -
T.P. Price £2706 M.Winbow £24224
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 30.11.21 | 30.11.20 | ||
|---|---|---|---|
| Church Leadership | 2 | 2 | |
| Administration | 2 | 2 | |
| 4 | 4 | ||
| No employees received emoluments in excess of £60,000. | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 132,166 | 34,641 | 166,807 |
| Investment income | 4,431 | - | 4,431 |
| Other income | 6,334 | - | 6,334 |
| Total | 142,931 | 34,641 | 177,572 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Support of Christian worship and discipleship | 153,398 | 1,600 | 154,998 |
| Missionary work | - | 30,694 | 30,694 |
| Total | 153,398 | 32,294 | 185,692 |
| NET INCOME/(EXPENDITURE) | (10,467) | 2,347 | (8,120) |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 651,648 | 14,165 | 665,813 |
6
continued...
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ TOTAL FUNDS CARRIED FORWARD 641,181 16,512 6. TANGIBLE FIXED ASSETS COST At 1 December 2020 and 30 November 2021 NET BOOK VALUE At 30 November 2021 At 30 November 2020 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.11.21 £ Gift Aid 1,795 |
Total funds £ 657,693 Freehold property £ 590,000 590,000 590,000 30.11.20 £ 1,328 |
Total funds £ |
|---|---|---|
| 657,693 |
continued...
7
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS
| Unrestricted funds General fund Development Reserve Admin Reserve Central Staff Reserve Revaluation Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training New Day Albania Penhill Mission A Wood Mission Legacy CAP Swindon Nagaland Student Parks Mission TOTAL FUNDS |
At 1.12.20 £ 512,418 11,763 30,000 7,000 80,000 641,181 2,801 1,314 334 25 353 320 225 34 21 94 2,000 8,857 134 - 16,512 657,693 |
Net movement in funds £ 8,474 - - - - 8,474 720 (355) (334) (25) (353) (40) 682 - - 215 (2,000) (811) - 1,544 (757) 7,717 |
At 30.11.21 £ 520,892 11,763 30,000 7,000 80,000 |
|---|---|---|---|
| 649,655 3,521 959 - - - 280 907 34 21 309 - 8,046 134 1,544 |
|||
| 15,755 | |||
| 665,410 |
continued...
8
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training Penhill Mission A Wood Mission Legacy CAP Swindon Nagaland Student Parks Mission Chad TOTAL FUNDS |
Incoming resources £ 129,210 720 - 241 2 - - 829 23,765 - 6,018 7,050 2,043 4,512 45,180 174,390 |
Resources Movement expended in funds £ £ (120,736) 8,474 - 720 (355) (355) (575) (334) (27) (25) (353) (353) (40) (40) (147) 682 (23,550) 215 (2,000) (2,000) (6,829) (811) (7,050) - (499) 1,544 (4,512) - (45,937) (757) (166,673) 7,717 |
|---|---|---|
continued...
9
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Development Reserve Admin Reserve Central Staff Reserve Revaluation Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training New Day Albania Burkina Faso Macedonia Missionaries Nagaland Building Penhill Mission Central Mission A Wood Mission Legacy CAP Swindon Nagaland Student TOTAL FUNDS |
At 1.12.19 £ 512,582 22,066 30,000 7,000 80,000 651,648 2,086 1,369 738 62 562 320 58 34 63 135 700 (1,250) 1,689 393 3,780 2,615 811 14,165 665,813 |
Net movement in funds £ (164) (10,303) - - - (10,467) 715 (55) (404) (37) (209) - 167 - (42) (135) (700) 1,250 (1,595) (393) (1,780) 6,242 (677) 2,347 (8,120) |
At 30.11.20 £ 512,418 11,763 30,000 7,000 80,000 |
|---|---|---|---|
| 641,181 2,801 1,314 334 25 353 320 225 34 21 - - - 94 - 2,000 8,857 134 |
|||
| 16,512 | |||
| 657,693 |
continued...
10
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Development Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Training Albania Burkina Faso Macedonia Missionaries Nagaland Building Penhill Mission Central Mission A Wood Mission Legacy CAP Swindon Nagaland Student Albania Earthquake TOTAL FUNDS |
Incoming resources £ 142,931 - 142,931 715 6 249 - 492 1,274 153 8,830 - 1,250 1,170 2 1,220 6,692 5,683 6,905 34,641 177,572 |
Resources Movement expended in funds £ £ (143,095) (164) (10,303) (10,303) (153,398) (10,467) - 715 (61) (55) (653) (404) (37) (37) (701) (209) (1,107) 167 (195) (42) (8,965) (135) (700) (700) - 1,250 (2,765) (1,595) (395) (393) (3,000) (1,780) (450) 6,242 (6,360) (677) (6,905) - (32,294) 2,347 (185,692) (8,120) |
|---|---|---|
continued...
11
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Development Reserve Admin Reserve Central Staff Reserve Revaluation Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training New Day Albania Burkina Faso Macedonia Missionaries Nagaland Building Penhill Mission Central Mission A Wood Mission Legacy CAP Swindon Nagaland Student Parks Mission TOTAL FUNDS |
At 1.12.19 £ 512,582 22,066 30,000 7,000 80,000 651,648 2,086 1,369 738 62 562 320 58 34 63 135 700 (1,250) 1,689 393 3,780 2,615 811 - 14,165 665,813 |
Net movement in funds £ 8,310 (10,303) - - - (1,993) 1,435 (410) (738) (62) (562) (40) 849 - (42) (135) (700) 1,250 (1,380) (393) (3,780) 5,431 (677) 1,544 1,590 (403) |
At 30.11.21 £ 520,892 11,763 30,000 7,000 80,000 |
|---|---|---|---|
| 649,655 3,521 959 - - - 280 907 34 21 - - - 309 - - 8,046 134 1,544 |
|||
| 15,755 | |||
| 665,410 |
continued...
12
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Development Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training Albania Burkina Faso Macedonia Missionaries Nagaland Building Penhill Mission Central Mission A Wood Mission Legacy CAP Swindon Nagaland Student Albania Earthquake Parks Mission Chad TOTAL FUNDS |
Incoming resources £ 272,141 - 272,141 1,435 6 490 2 492 - 2,103 153 8,830 - 1,250 24,935 2 1,220 12,710 12,733 6,905 2,043 4,512 79,821 351,962 |
Resources Movement expended in funds £ £ (263,831) 8,310 (10,303) (10,303) (274,134) (1,993) - 1,435 (416) (410) (1,228) (738) (64) (62) (1,054) (562) (40) (40) (1,254) 849 (195) (42) (8,965) (135) (700) (700) - 1,250 (26,315) (1,380) (395) (393) (5,000) (3,780) (7,279) 5,431 (13,410) (677) (6,905) - (499) 1,544 (4,512) - (78,231) 1,590 (352,365) (403) |
|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2021.
13
Discovery Church Swindon
Detailed Statement of Financial Activities for the Year Ended 30 November 2021
| Detailed Statement of Financial Activities for the Year Ended 30 November 2021 |
||
|---|---|---|
| 30.11.21 | 30.11.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gift aided offerings | 83,211 | 76,549 |
| Gift aid refund | 19,794 | 21,564 |
| Non-gift aid offerings | 65,713 | 68,694 |
| 168,718 | 166,807 | |
| Investment income | ||
| Rents received | 4,670 | 4,114 |
| Deposit account interest | 8 | 317 |
| 4,678 | 4,431 | |
| Other income | ||
| Miscellaneous income | 994 | 6,334 |
| Total incoming resources | 174,390 | 177,572 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 77,335 | 105,130 |
| Hire of buildings | 9,564 | 5,971 |
| Water and waste disposal | 517 | 642 |
| Light and heat | 2,279 | 1,919 |
| Sundries | - | 61 |
| Penhill mission costs | 4,059 | - |
| Church maintenance | 909 | 999 |
| Central church refurbishment | - | 7,004 |
| Manse upkeep | 436 | 2,679 |
| Missionary giving and travel | 14,137 | 31,449 |
| Nagaland | 1,800 | 1,800 |
| Albania | 4,200 | 4,200 |
| Telephone | 661 | 734 |
| Bank charges | 144 | 207 |
| Administration and office | 1,249 | 2,317 |
| Insurance | 2,124 | 2,259 |
| Worship | - | 793 |
| Benevolent | - | 612 |
| Central General fund | 6,919 | 1,563 |
| Parks General fund | 861 | 1,471 |
| Wroughton General fund | 2,091 | 1,605 |
| Penhill | 3,084 | 1,374 |
| Children, young people | 435 | - |
| CAP centre | 7,829 | 6,040 |
| Training | 147 | 2,310 |
| Events and social | - | 40 |
| Carried forward | 140,780 | 183,179 |
This page does not form part of the statutory financial statements
14
Discovery Church Swindon
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 November 2021 | ||
| 30.11.21 | 30.11.20 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 140,780 | 183,179 |
| Miscellaneous expenses | 1,044 | 2,213 |
| Swindon Youth for Christ | 653 | 300 |
| Penhill church refurbishment | 23,550 | - |
| 166,027 | 185,692 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 646 | - |
| Total resources expended | 166,673 | 185,692 |
| Net income/(expenditure) | 7,717 | (8,120) |
This page does not form part of the statutory financial statements
15
REGISTERED CHARITY NUMBER: 1050620
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 November 2021
for
Discovery Church Swindon
Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
Discovery Church Swindon
Contents of the Financial Statements for the Year Ended 30 November 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Discovery Church Swindon
for the Year Ended 30 November 2021
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 30 November 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1050620
Principal address
1 Lagos Street Swindon Wiltshire SN1 2BU
Trustees
T P Price D Perrott D J Martin M Winbow
Independent Examiner
Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
Approved by order of the board of trustees on 24 January 2022 and signed on its behalf by:
Trustee
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Independent Examiner's Report to the Trustees of Discovery Church Swindon
Independent examiner's report to the trustees of Discovery Church Swindon
I report to the charity trustees on my examination of the accounts of Discovery Church Swindon (the Trust) for the year ended 30 November 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
-
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.
Christopher Vaughan Institute of Chartered Accountants in England and Wales Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
24 January 2022
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Discovery Church Swindon
Statement of Financial Activities
for the Year Ended 30 November 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 123,538 Investment income 2 4,678 Other income 994 Total 129,210 EXPENDITURE ON Charitable activities Support of Christian worship and discipleship 113,211 Missionary work 7,525 Total 120,736 NET INCOME/(EXPENDITURE) 8,474 RECONCILIATION OF FUNDS Total funds brought forward 641,181 TOTAL FUNDS CARRIED FORWARD 649,655 |
Restricted funds £ 45,180 - - 45,180 45,215 722 45,937 (757) 16,512 15,755 |
30.11.21 30.11.20 Total Total funds funds £ £ 168,718 166,807 4,678 4,431 994 6,334 174,390 177,572 158,426 154,998 8,247 30,694 166,673 185,692 7,717 (8,120) 657,693 665,813 665,410 657,693 |
|---|---|---|
The notes form part of these financial statements
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Discovery Church Swindon
Balance Sheet
30 November 2021
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 590,000 1,675 57,980 59,655 59,655 649,655 649,655 |
Restricted funds £ - 120 15,635 15,755 15,755 15,755 15,755 |
30.11.21 Total funds £ 590,000 1,795 73,615 75,410 75,410 665,410 665,410 649,655 15,755 665,410 |
30.11.20 Total funds £ 590,000 1,328 66,365 |
|---|---|---|---|---|
| 67,693 | ||||
| 67,693 | ||||
| 657,693 | ||||
| 657,693 | ||||
| 641,181 16,512 |
||||
| 657,693 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 January 2022 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
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Discovery Church Swindon
Notes to the Financial Statements for the Year Ended 30 November 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.11.21 | 30.11.20 | |
| £ | £ | |
| Rents received | 4,670 | 4,114 |
| Deposit account interest | 8 | 317 |
| 4,678 | 4,431 |
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continued...
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2021 nor for the year ended 30 November 2020.
Salaries were paid to the following trustees with regard to church leadership -
T.P. Price £2706 M.Winbow £24224
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 30.11.21 | 30.11.20 | ||
|---|---|---|---|
| Church Leadership | 2 | 2 | |
| Administration | 2 | 2 | |
| 4 | 4 | ||
| No employees received emoluments in excess of £60,000. | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 132,166 | 34,641 | 166,807 |
| Investment income | 4,431 | - | 4,431 |
| Other income | 6,334 | - | 6,334 |
| Total | 142,931 | 34,641 | 177,572 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Support of Christian worship and discipleship | 153,398 | 1,600 | 154,998 |
| Missionary work | - | 30,694 | 30,694 |
| Total | 153,398 | 32,294 | 185,692 |
| NET INCOME/(EXPENDITURE) | (10,467) | 2,347 | (8,120) |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 651,648 | 14,165 | 665,813 |
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continued...
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ TOTAL FUNDS CARRIED FORWARD 641,181 16,512 6. TANGIBLE FIXED ASSETS COST At 1 December 2020 and 30 November 2021 NET BOOK VALUE At 30 November 2021 At 30 November 2020 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.11.21 £ Gift Aid 1,795 |
Total funds £ 657,693 Freehold property £ 590,000 590,000 590,000 30.11.20 £ 1,328 |
Total funds £ |
|---|---|---|
| 657,693 |
continued...
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Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS
| Unrestricted funds General fund Development Reserve Admin Reserve Central Staff Reserve Revaluation Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training New Day Albania Penhill Mission A Wood Mission Legacy CAP Swindon Nagaland Student Parks Mission TOTAL FUNDS |
At 1.12.20 £ 512,418 11,763 30,000 7,000 80,000 641,181 2,801 1,314 334 25 353 320 225 34 21 94 2,000 8,857 134 - 16,512 657,693 |
Net movement in funds £ 8,474 - - - - 8,474 720 (355) (334) (25) (353) (40) 682 - - 215 (2,000) (811) - 1,544 (757) 7,717 |
At 30.11.21 £ 520,892 11,763 30,000 7,000 80,000 |
|---|---|---|---|
| 649,655 3,521 959 - - - 280 907 34 21 309 - 8,046 134 1,544 |
|||
| 15,755 | |||
| 665,410 |
continued...
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Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training Penhill Mission A Wood Mission Legacy CAP Swindon Nagaland Student Parks Mission Chad TOTAL FUNDS |
Incoming resources £ 129,210 720 - 241 2 - - 829 23,765 - 6,018 7,050 2,043 4,512 45,180 174,390 |
Resources Movement expended in funds £ £ (120,736) 8,474 - 720 (355) (355) (575) (334) (27) (25) (353) (353) (40) (40) (147) 682 (23,550) 215 (2,000) (2,000) (6,829) (811) (7,050) - (499) 1,544 (4,512) - (45,937) (757) (166,673) 7,717 |
|---|---|---|
continued...
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Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Development Reserve Admin Reserve Central Staff Reserve Revaluation Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training New Day Albania Burkina Faso Macedonia Missionaries Nagaland Building Penhill Mission Central Mission A Wood Mission Legacy CAP Swindon Nagaland Student TOTAL FUNDS |
At 1.12.19 £ 512,582 22,066 30,000 7,000 80,000 651,648 2,086 1,369 738 62 562 320 58 34 63 135 700 (1,250) 1,689 393 3,780 2,615 811 14,165 665,813 |
Net movement in funds £ (164) (10,303) - - - (10,467) 715 (55) (404) (37) (209) - 167 - (42) (135) (700) 1,250 (1,595) (393) (1,780) 6,242 (677) 2,347 (8,120) |
At 30.11.20 £ 512,418 11,763 30,000 7,000 80,000 |
|---|---|---|---|
| 641,181 2,801 1,314 334 25 353 320 225 34 21 - - - 94 - 2,000 8,857 134 |
|||
| 16,512 | |||
| 657,693 |
continued...
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Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Development Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Training Albania Burkina Faso Macedonia Missionaries Nagaland Building Penhill Mission Central Mission A Wood Mission Legacy CAP Swindon Nagaland Student Albania Earthquake TOTAL FUNDS |
Incoming resources £ 142,931 - 142,931 715 6 249 - 492 1,274 153 8,830 - 1,250 1,170 2 1,220 6,692 5,683 6,905 34,641 177,572 |
Resources Movement expended in funds £ £ (143,095) (164) (10,303) (10,303) (153,398) (10,467) - 715 (61) (55) (653) (404) (37) (37) (701) (209) (1,107) 167 (195) (42) (8,965) (135) (700) (700) - 1,250 (2,765) (1,595) (395) (393) (3,000) (1,780) (450) 6,242 (6,360) (677) (6,905) - (32,294) 2,347 (185,692) (8,120) |
|---|---|---|
continued...
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Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Development Reserve Admin Reserve Central Staff Reserve Revaluation Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training New Day Albania Burkina Faso Macedonia Missionaries Nagaland Building Penhill Mission Central Mission A Wood Mission Legacy CAP Swindon Nagaland Student Parks Mission TOTAL FUNDS |
At 1.12.19 £ 512,582 22,066 30,000 7,000 80,000 651,648 2,086 1,369 738 62 562 320 58 34 63 135 700 (1,250) 1,689 393 3,780 2,615 811 - 14,165 665,813 |
Net movement in funds £ 8,310 (10,303) - - - (1,993) 1,435 (410) (738) (62) (562) (40) 849 - (42) (135) (700) 1,250 (1,380) (393) (3,780) 5,431 (677) 1,544 1,590 (403) |
At 30.11.21 £ 520,892 11,763 30,000 7,000 80,000 |
|---|---|---|---|
| 649,655 3,521 959 - - - 280 907 34 21 - - - 309 - - 8,046 134 1,544 |
|||
| 15,755 | |||
| 665,410 |
continued...
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Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Development Reserve Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training Albania Burkina Faso Macedonia Missionaries Nagaland Building Penhill Mission Central Mission A Wood Mission Legacy CAP Swindon Nagaland Student Albania Earthquake Parks Mission Chad TOTAL FUNDS |
Incoming resources £ 272,141 - 272,141 1,435 6 490 2 492 - 2,103 153 8,830 - 1,250 24,935 2 1,220 12,710 12,733 6,905 2,043 4,512 79,821 351,962 |
Resources Movement expended in funds £ £ (263,831) 8,310 (10,303) (10,303) (274,134) (1,993) - 1,435 (416) (410) (1,228) (738) (64) (62) (1,054) (562) (40) (40) (1,254) 849 (195) (42) (8,965) (135) (700) (700) - 1,250 (26,315) (1,380) (395) (393) (5,000) (3,780) (7,279) 5,431 (13,410) (677) (6,905) - (499) 1,544 (4,512) - (78,231) 1,590 (352,365) (403) |
|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2021.
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Discovery Church Swindon
Detailed Statement of Financial Activities for the Year Ended 30 November 2021
| Detailed Statement of Financial Activities for the Year Ended 30 November 2021 |
||
|---|---|---|
| 30.11.21 | 30.11.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gift aided offerings | 83,211 | 76,549 |
| Gift aid refund | 19,794 | 21,564 |
| Non-gift aid offerings | 65,713 | 68,694 |
| 168,718 | 166,807 | |
| Investment income | ||
| Rents received | 4,670 | 4,114 |
| Deposit account interest | 8 | 317 |
| 4,678 | 4,431 | |
| Other income | ||
| Miscellaneous income | 994 | 6,334 |
| Total incoming resources | 174,390 | 177,572 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 77,335 | 105,130 |
| Hire of buildings | 9,564 | 5,971 |
| Water and waste disposal | 517 | 642 |
| Light and heat | 2,279 | 1,919 |
| Sundries | - | 61 |
| Penhill mission costs | 4,059 | - |
| Church maintenance | 909 | 999 |
| Central church refurbishment | - | 7,004 |
| Manse upkeep | 436 | 2,679 |
| Missionary giving and travel | 14,137 | 31,449 |
| Nagaland | 1,800 | 1,800 |
| Albania | 4,200 | 4,200 |
| Telephone | 661 | 734 |
| Bank charges | 144 | 207 |
| Administration and office | 1,249 | 2,317 |
| Insurance | 2,124 | 2,259 |
| Worship | - | 793 |
| Benevolent | - | 612 |
| Central General fund | 6,919 | 1,563 |
| Parks General fund | 861 | 1,471 |
| Wroughton General fund | 2,091 | 1,605 |
| Penhill | 3,084 | 1,374 |
| Children, young people | 435 | - |
| CAP centre | 7,829 | 6,040 |
| Training | 147 | 2,310 |
| Events and social | - | 40 |
| Carried forward | 140,780 | 183,179 |
This page does not form part of the statutory financial statements
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Discovery Church Swindon
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 November 2021 | ||
| 30.11.21 | 30.11.20 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 140,780 | 183,179 |
| Miscellaneous expenses | 1,044 | 2,213 |
| Swindon Youth for Christ | 653 | 300 |
| Penhill church refurbishment | 23,550 | - |
| 166,027 | 185,692 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 646 | - |
| Total resources expended | 166,673 | 185,692 |
| Net income/(expenditure) | 7,717 | (8,120) |
This page does not form part of the statutory financial statements
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