**REGISTERED CHARITY NUMBER: 1052773** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021** ## **DUDLEY COMMUNITY CHURCH** DUDLEY COMMUNITY CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2021 ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 10| |Detailed Statement of Financial Activities|11 to 12| DUDLEY COMMUNITY CHURCH ## REPORT OF THE TRUSTEES ## FOR THE YEAR ENDING 31ST DECEMBER 2021 The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. The trustess 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 2015) ## **OBJECTIVES AND ACTIVITIES** The purpose of the church is the advancement of the Christian Faith. Dudley Community Church is a growing, worshipping and mission focused community of people from across the Black Country seeking to be a contemporary and relevant expression of Church for all the family. We are passionate about the message of Jesus and about making a difference in our town and beyond. We would love to welcome you to one of our Sunday services at 10:30am and 6pm, which is in Polish. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## **ACHIEVEMENT AND PERFORMANCE** The last year has been extremely challenging and rewarding, it has involved adapting to doing what we do in different ways. The Pandemic and Government restrictions of 2020 meant that we did Services online most of the year, it has taken time in 2021 to rebuild the congregation and their confidence to return to meeting in person. The Lighthouse Centre hosts our community ministries to the socially emotional and spiritually vulnerable of our community and it has been in full operation for the whole of 2021. Despite some staffing issues and having to replace the café manager in 2021, our community ministries continue to grow with several groups using the café. Heaven's Kitchen has continued to support up to 70 people every week and the café is building a good reputation in the community with many regular customers coming back. Our youth outreach work to the local community has returned with up to 20 young people in weekly attendance, the number is restricted due to local council requirement. We look forward to 2022 with excitement over new projects to support the vulnerable of our community. One trustee resigned in 2021 and a new trustee has been found. ## **FINANCIAL REVIEW** ## **Financial position** Net income has decreased during 2021 to £73,922 compared to £224,279 in 2020 as The Lighthouse Centre is fully completed and operational and the Church is now funded by a combination of donations, grants and rental income from the new centre. The trustees continue to manage the funds of the church carefully with net funds increasing to £419,902 at the end of the financial year. ## **FUTURE PLANS** The trustees will continue to focus on the building up of the congregation, reaching out to and supporting the socially, emotionally and spiritually vulnerable through its work in The Lighthouse Centre. The trustees will continue work towards paying off the church mortgage in 2022. Page 1 DUDLEY COMMUNITY CHURCH ## REPORT OF THE TRUSTEES ## FOR THE YEAR ENDING 31ST DECEMBER 2021 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is controlled by its governing document, a deed of trust, and constitutes an unicorporated registered charity. The trustees shown below consitute the board of governance of the charity and exercise their governance through regular trustee meetings. Day to day management of the charity is performed by Pastor Joe Hayes, who is also a trustee. Pastor Joe Hayes reports to the other trustees via the regular trustee meetings. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1052773 ## **Principal address** Salop Street Dudley West Midlands DY1 3AT ## **Trustees** Mr A Lavender Rev. J Hayes Mr H Treasure Mr M Jones - resigned August 2021 Mr D Baker - appointed September 2021 ## **Independent examiner** R & P Accounting Services Limited Spencer House 114 High Street Wordsley Stourbridge West Midlands DY8 5QR Approved by order of the board of trustees on _**27th September 2022**_ and signed on its behalf by: …................................................... Rev J Hayes - Trustee Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUDLEY COMMUNITY CHURCH ## **Independent examiner's report to the trustees of Dudley Community Church** I report to the charity trustees on my examination of the accounts of Dudley Community Church (the Trust) for the year ended 31st December 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are reponsible 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: 1. accounting records were not kept in respect of the Trust 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 part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. R & P Accounting Services Limited Spencer House 114 High Street Wordsley Stourbridge West Midlands DY8 5QR Date: _**27th September 2022**_ Page 3 DUDLEY COMMUNITY CHURCH ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2021 |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
2
Investment income
3
**EXPENDITURE ON**
Running Costs
4
Other
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
53,015
20,907
6
73,928
48,300
18,321
66,621
7,307
412,595
419,902|Restricted
fund
£
0
0
0
0
0
0
0
0
0
0|Year ended
31.12.21
Total funds
£
53,015
20,907
6
73,928
48,300
18,321
66,621
7,307
412,595
419,902|Year ended
31.12.20
Total funds
£
204,498
19,781
771| |---|---|---|---|---| |||||225,050
60,767
458,955| |||||519,722| |||||(294,672)| |||||707,267| |||||707,267| The notes form part of these financial statements Page 4 DUDLEY COMMUNITY CHURCH ## BALANCE SHEET ## AT 31ST DECEMBER 2021 |Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
11
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
440,290
0
18,444
18,444
(3,416)
15,028
455,318
(35,416)
419,902|Restricted
fund
£
0
0
0
0
0
0
0
0|Year ended
31.12.21
Total funds
£
440,290
0
18,444
18,444
(3,416)
15,028
455,318
(35,416)
419,902
419,902
0
419,902|Year ended
31.12.20
Total funds
£
437,195
1,753
27,386| |---|---|---|---|---| |||||29,139
(3,075)
26,064| |||||463,259
(50,664)| |||||412,595| |||||687,015
20,252| |||||707,267| The financial statements were approved by the Board of Trustees on _**27th September 2022**_ ## **and were signed on its behalf by** Rev J Hayes - Trustee Page 5 DUDLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2021 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting 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 2015)', 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 historial 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 the headinds 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 Plant and Machinery - 20% on reducing balance Fixtures and Fittings - 10% on reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objective at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objectives 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. Page 6 DUDLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2021 ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. OTHER TRADING ACTIVITIES** |Rents received
COVID 19 Furlough Grants
**INVESTMENT INCOME**
Gross Bank Interest received
**RUNNING COSTS**
Support costs|Year ended
31.12.21
£
13,065
7,842
20,907
Year ended
31.12.21
£
6
Year ended
31.12.21
£
48,300|Year ended
31.12.20
£
10,516
9,265| |---|---|---| |||19,781| |||Year ended
31.12.20
£
771| |||Year ended
31.12.20
£
60,767| ## **3. INVESTMENT INCOME** ## **4. RUNNING COSTS** ## **5. TRUSTEES' REMUNERATION AND BENEFITS** Mr J Hayes, a trustee of Dudley Community Church received remuneration of £28,956 during the year. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2021 nor for the year ended 31st December 2020. ## **6. STAFF COSTS** The average monthly number of employees during the year was as follows: |Year ended|Year ended| |---|---| |31.12.21|31.12.20| |2|2| No employees received emoluments in excess of £60,000. Page 7 DUDLEY COMMUNITY CHURCH ## NOTES TO THE FINANCIAL STATEMENTS ## FOR THE YEAR ENDING 31ST DECEMBER 2021 ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Running Costs
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
50,368
19,781
771
70,920
60,767
284,573
345,340
(274,420)
687,015
412,595|Restricted
fund
£
154,130
0
0
154,130
0
174,382
174,382
(20,252)
20,252
0|Total funds
£
204,498
19,781
771| |---|---|---|---| ||||225,050
60,767
458,955| ||||519,722| ||||(294,672)| ||||707,267| ||||412,595| ## **8. TANGIBLE FIXED ASSETS** |**COST**
At 1st January 2021
Additions
At 31st December 2021
**DEPRECIATION**
At 1st January 2021
Charge for year
At 31st December 2021
**NET BOOK VALUE**
At 31st December 2021
At 31st December 2020|Freehold
property
409,300
0
409,300
0
0
0
409,300
409,300|Property
improvements
23,953
0
23,953
0
0
0
23,953
23,953|Plant &
Machinery
10,990
0
10,990
7,048
788
7,836
3,154
3,942|Fixtures &
Fittings
£
0
4,315
4,315
0
432
432
3,883
0|Total
£
444,243
4,315| |---|---|---|---|---|---| ||||||448,558| ||||||7,048
1,220| ||||||8,268| ||||||440,290| ||||||437,195| The freehold property has been revalued in 2015 by Mrs Jan Billingsley who was the treasurer of the charity at the time. This valuation is based on local prices in the area as at 31st December 2015. Page 8 DUDLEY COMMUNITY CHURCH ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2021 ## **9. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other Debtors - Gift Aid Tax reclaimed
**10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 12)
Other creditors and accruals
**11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 12)
**12. LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2 - 5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 years by instalment|Year ended
31.12.21
£
0
Year ended
31.12.21
£
2,400
675
3,075
Year ended
31.12.21
£
37,816
37,816
Year ended
31.12.21
£
2,400
9,600
28,216|Year ended
31.12.20
£
1,753| |---|---|---| |||1,753| |||Year ended
31.12.20
£
2,400
675| |||3,075| |||Year ended
31.12.20
£
50,664| |||50,664| |||Year ended
31.12.20
£
2,400| |||9,600| |||41,064| Page 9 DUDLEY COMMUNITY CHURCH ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2021 ## **13. MOVEMENT IN FUNDS** |Unrestricted funds
General fund
Restricted funds
Lighthouse Project
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Lighthouse Project
TOTAL FUNDS
**Comparatives for movement in funds**
Unrestricted funds
General fund
Restricted funds
Lighthouse Project
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Lighthouse Project
TOTAL FUNDS|At 01.01.21
£
412,595
0
412,595
Incoming
resources
73,928
0
73,928
At 01.01.20
£
687,015
20,252
707,267
Incoming
resources
70,920
154,130
225,050|Net
movement in
funds
£
7,307
0
7,307
Resources
expended
66,621
0
66,621
Net
movement in
funds
£
(274,420)
(20,252)
(294,672)
Resources
expended
(345,340)
(174,382)
(519,722)|At 31.12.21
£
419,902
0| |---|---|---|---| ||||419,902
Movement in
funds
7,307
0| ||||7,307| ||||At 31.12.20
£
412,595
0| ||||412,595
Movement in
funds
(274,420)
(20,252)| ||||(294,672)| ## **14. RELATED PARTY DISCLOSURES** During the year the trustees and connected persons made total aggregate donations without any conditions to Dudley Community Church of £11,415. Dudley Counselling Centre was invoiced for £10,850.00 of rent and £593.58 for utilities by Dudley Community Church of which Rev. J Hayes is a trustee. This was for the use of church rooms and the newly completed Lighthouse Centre for play therapy during the year. Page 10 DUDLEY COMMUNITY CHURCH ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2021 |INCOME AND ENDOWMENTS
**Donations and legacies**
Weekly Offerings
Gift Aid
Grants
Lighthouse Project Grants
COVID 19 Furlough Grants
**Investment income**
Interest received
Rents received
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Equipment Depreciation
Fixtures & Fittings Depreciation
**Other**
Gifts and donations
**SUPPORT COSTS**
**Management**
Trustees' salaries
Wages
Pension Contributions
Electricity
Other expenses
Rent, rates and water
Insurance
Gas
Telephone
Postage, Printing & Stationery
Sundries
Repairs & Renewals
Travelling & Mileage
Computer expenses
Tithe account expenditure
**Lighthouse Projects Costs**
New Building - Legal & Professional Fees
New Building - Build Costs
**_Expenditure & Costs c/fwd_**|£
£
51,034
1,981
0
0
7,842
60,857
60,857
6
13,065
73,928
788
432
1,220
8,673
8,673
28,530
1,083
2,476
2,014
941
853
1,991
2,556
870
164
59
1,056
0
0
0
42,593
963
8,685
9,648
62,134
Year ended 31.12.21|£
£
44,721
3,147
2,500
154,130
9,265
213,763
213,763
771
10,516
225,050
986
0
986
8,060
8,060
28,956
2,640
2,476
1,628
1,555
375
1,755
1,179
1,258
265
1,083
11,830
0
0
2,837
57,837
19,421
428,649
448,070
514,953
Year ended 31.12.20|£
£
44,721
3,147
2,500
154,130
9,265
213,763
213,763
771
10,516
225,050
986
0
986
8,060
8,060
28,956
2,640
2,476
1,628
1,555
375
1,755
1,179
1,258
265
1,083
11,830
0
0
2,837
57,837
19,421
428,649
448,070
514,953
Year ended 31.12.20| |---|---|---|---| ||||213,763
771
10,516| ||||225,050
986
8,060
57,837
448,070
514,953| This page does not form part of the statutory financial statements _Continued ….._ Page 11 DUDLEY COMMUNITY CHURCH ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2021 |**_Expenditure & Costs b/fwd_**
**Finance**
Bank charges
Bank loan interest
**Governance Costs**
Legal and professional fees
Accountancy
**Total resources expended**
**Net expenditure**|£
£
62,134
0
2,809
2,809
1,338
340
1,678
66,621
**7,307**
Year ended 31.12.21|£
£
514,953
(100)
3,549
3,449
995
325
1,320
519,722
**(294,672)**
Year ended 31.12.20|£
£
514,953
(100)
3,549
3,449
995
325
1,320
519,722
**(294,672)**
Year ended 31.12.20| |---|---|---|---| ||||519,722
**(294,672)**| This page does not form part of the statutory financial statements Page 12