REGISTERED CHARITY NUMBER: 1050620
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 November 2022
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 2022
| 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 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Discovery Church Swindon
for the Year Ended 30 November 2022
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 30 November 2022. 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 (resigned 5[th] October 2021) M Winbow (resigned 30[th] October 2022) G Mullaliu (appointed 17[th] November 2021)
Independent Examiner
Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
Approved by order of the board of trustees on 5 September 2024 and signed on its behalf by:
Thomas Price
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 2022.
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
Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
5 September 2024
2
Discovery Church Swindon
Statement of Financial Activities
for the Year Ended 30 November 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 111,388 Investment income 2 3,399 Other income - Total 114,787 EXPENDITURE ON Charitable activities Support of Christian worship and discipleship 146,064 Missionary work 1,868 Total 147,932 NET INCOME/(EXPENDITURE) (33,145) Transfers between funds 8 55 Net movement in funds (33,090) RECONCILIATION OF FUNDS Total funds brought forward 649,655 TOTAL FUNDS CARRIED FORWARD 616,565 |
Restricted funds £ 11,437 - - 11,437 12,689 1,772 14,461 (3,024) (55) (3,079) 15,755 12,676 |
30.11.22 30.11.21 Total Total funds funds £ £ 122,825 168,718 3,399 4,678 - 994 126,224 174,390 158,753 158,426 3,640 8,247 162,393 166,673 (36,169) 7,717 - - (36,169) 7,717 665,410 657,693 629,241 665,410 |
|---|---|---|
The notes form part of these financial statements
3
Discovery Church Swindon
Balance Sheet
30 November 2022
| 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 - 26,565 26,565 26,565 616,565 616,565 |
Restricted funds £ - - 12,676 12,676 12,676 12,676 12,676 |
30.11.22 Total funds £ 590,000 - 39,241 39,241 39,241 629,241 629,241 616,565 12,676 629,241 |
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 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 September 2024 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 2022
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
| 30.11.22 | 30.11.21 | |
|---|---|---|
| £ | £ | |
| Rents received | 3,370 | 4,670 |
| Deposit account interest | 29 | 8 |
| 3,399 | 4,678 |
5
continued...
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2022 nor for the year ended 30 November 2021.
Salaries were paid to the following trustees with regard to church leadership -
M.Winbow £19992
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2022 nor for the year ended 30 November 2021.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 30.11.22 | 30.11.21 | ||
|---|---|---|---|
| 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 | 123,538 | 45,180 | 168,718 |
| Investment income | 4,678 | - | 4,678 |
| Other income | 994 | - | 994 |
| Total | 129,210 | 45,180 | 174,390 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Support of Christian worship and discipleship | 113,211 | 45,215 | 158,426 |
| Missionary work | 7,525 | 722 | 8,247 |
| Total | 120,736 | 45,937 | 166,673 |
| NET INCOME/(EXPENDITURE) | 8,474 | (757) | 7,717 |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 641,181 | 16,512 | 657,693 |
| TOTAL FUNDS CARRIED FORWARD | 649,655 | 15,755 | 665,410 |
6
continued...
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2022
6. TANGIBLE FIXED ASSETS
| COST At 1 December 2021 and 30 November 2022 NET BOOK VALUE At 30 November 2022 At 30 November 2021 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Gift Aid 8. MOVEMENT IN FUNDS Net At movement 1.12.21 in funds £ £ Unrestricted funds General fund 520,892 (33,145) Development Reserve 11,763 - Admin Reserve 30,000 - Central Staff Reserve 7,000 - Revaluation Reserve 80,000 - 649,655 (33,145) Restricted funds Building Fund 3,521 - Little Lambs 959 (315) Rent Deposit 280 - Training 907 - New Day 34 - Albania 21 - Nagaland 134 657 Penhill Mission 309 (309) CAP Swindon 8,046 (2,279) Parks Mission 1,544 (778) 15,755 (3,024) TOTAL FUNDS 665,410 (36,169) |
30.11.22 £ - Transfers between funds £ 55 - - - - 55 - - - - (34) (21) - - - - (55) - |
Freehold property £ 590,000 590,000 590,000 30.11.21 £ 1,795 At 30.11.22 £ 487,802 11,763 30,000 7,000 80,000 616,565 3,521 644 280 907 - - 791 - 5,767 766 12,676 629,241 |
|---|---|---|
continued...
7
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2022
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Little Lambs Training Nagaland Penhill Mission CAP Swindon Parks Mission Chad TOTAL FUNDS Comparatives for movement in funds |
Incoming resources £ 114,787 440 260 1,882 - 6,796 287 1,772 11,437 126,224 |
Resources Movement expended in funds £ £ (147,932) (33,145) (755) (315) (260) - (1,225) 657 (309) (309) (9,075) (2,279) (1,065) (778) (1,772) - (14,461) (3,024) (162,393) (36,169) |
|---|---|---|
| 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 2022
8. MOVEMENT IN FUNDS - continued
Comparative 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 2022
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 Nagaland 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 £ (24,671) - - - - (24,671) 720 (670) (334) (25) (353) (40) 682 - - 657 (94) (2,000) (3,090) - 766 (3,781) (28,452) |
Transfers between funds £ 55 - - - - 55 - - - - - - - (34) (21) - - - - - - (55) - |
At 30.11.22 £ 487,802 11,763 30,000 7,000 80,000 616,565 3,521 644 - - - 280 907 - - 657 - - 5,767 134 766 12,676 629,241 |
|---|---|---|---|---|
continued...
10
Discovery Church Swindon
Notes to the Financial Statements - continued for the Year Ended 30 November 2022
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 Restricted funds Building Fund Little Lambs Benevolent Fund Pastor/Teacher Resources Synergy Rent Deposit Training Nagaland Penhill Mission A Wood Mission Legacy CAP Swindon Nagaland Student Parks Mission Chad TOTAL FUNDS |
Incoming resources £ 243,997 720 440 241 2 - - 1,089 1,882 23,765 - 12,814 7,050 2,330 6,284 56,617 300,614 |
Resources Movement expended in funds £ £ (268,668) (24,671) - 720 (1,110) (670) (575) (334) (27) (25) (353) (353) (40) (40) (407) 682 (1,225) 657 (23,859) (94) (2,000) (2,000) (15,904) (3,090) (7,050) - (1,564) 766 (6,284) - (60,398) (3,781) (329,066) (28,452) |
|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2022.
11
Discovery Church Swindon
Detailed Statement of Financial Activities for the Year Ended 30 November 2022
| Detailed Statement of Financial Activities for the Year Ended 30 November 2022 |
||
|---|---|---|
| 30.11.22 | 30.11.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gift aided offerings | 67,999 | 83,211 |
| Gift aid refund | - | 19,794 |
| Non-gift aid offerings | 54,826 | 65,713 |
| 122,825 | 168,718 | |
| Investment income | ||
| Rents received | 3,370 | 4,670 |
| Deposit account interest | 29 | 8 |
| 3,399 | 4,678 | |
| Other income | ||
| Miscellaneous income | - | 994 |
| Total incoming resources | 126,224 | 174,390 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 59,443 | 77,335 |
| Hire of buildings | 10,504 | 9,564 |
| Water and waste disposal | 442 | 517 |
| Light and heat | 2,551 | 2,279 |
| Advertising | 17 | - |
| Penhill mission costs | - | 4,059 |
| Church maintenance | - | 909 |
| Manse upkeep | 7,197 | 436 |
| Missionary giving and travel | 4,865 | 14,137 |
| Nagaland | - | 1,800 |
| Albania | - | 4,200 |
| Telephone | 129 | 661 |
| Bank charges | 110 | 144 |
| Administration and office | 1,428 | 1,249 |
| Insurance | 1,911 | 2,124 |
| Central General fund | 2,841 | 6,919 |
| Parks General fund | 1,039 | 861 |
| Wroughton General fund | 43,639 | 2,091 |
| Penhill | 13,001 | 3,084 |
| Children, young people | - | 435 |
| CAP centre | 8,371 | 7,829 |
| Training | 260 | 147 |
| Miscellaneous expenses | 1,879 | 1,044 |
| Swindon Youth for Christ | 50 | 653 |
| Penhill church refurbishment | - | 23,550 |
| Pastors fund | 2,200 | - |
| 161,877 | 166,027 |
This page does not form part of the statutory financial statements
12
Discovery Church Swindon
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 November 2022 | ||
| 30.11.22 | 30.11.21 | |
| £ | £ | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 516 | 646 |
| Total resources expended | 162,393 | 166,673 |
| Net (expenditure)/income | (36,169) | 7,717 |
This page does not form part of the statutory financial statements
13