Charity number: 1057641
HOLMCROFT CHURCH
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
Doc ID: 27dbae640b3a469258ae1b8c8540dec1e4b837e7
HOLMCROFT CHURCH Contents Page For the year ended 31 December 2020
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Ac�vi�es | 4 |
| Statement of Financial Posi�on | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Ac�vi�es | 11 |
Doc ID: 27dbae640b3a469258ae1b8c8540dec1e4b837e7
HOLMCROFT CHURCH Report of the Trustees
For the year ended 31 December 2020
The Trustees have pleasure in presen�ng their report and the financial statements for the charity for the year ended 31 December 2020. The Trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and the Republic of Ireland (FRS 102) (effec�ve 1 January 2019).
OBJECTIVES AND ACTIVITIES
The overall objec�ve of the Church is the advancement of the chris�an religion by the proclama�on and furtherance of the gospel of God.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Volunteers
Holmcro� Church has many volunteers that assist the Church in achieving its objec�ves.
ACHIEVEMENTS AND PERFORMANCE
Significant ac�vi�es
During the year, the Church conducted a number of ac�vi�es and services which are open to everyone including:
-
Bible teaching and church services for adults and children
-
Visits to members of our communi�es and providing support and assistance with their needs.
-
Facilita�ng community cohesion by working with the community and reaching out
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Suppor�ng other chari�es
FINANCIAL REVIEW
The Trustees con�nue to place emphasis on financial management to ensure that the funds within the organisa�on are property managed. There are budgetary controls in place and they con�nue to monitor costs to deliver a balanced budget for the future.
Reserves
The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to con�nue the Charity's ac�vi�es and are working towards achieving it.
The aim is to build reserves levels to approximately 3 months of unrestricted expenditure.
Going concern
At the �me of approving the accounts, the Trustees have a reasonable expecta�on that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the Trustees' con�nue to adopt the going concern basis of accoun�ng in preparing the accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Holmcro� Church is a charitable trust and is controlled by its governing document, a model cons�tu�on dated 25th July 1996.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity HOLMCROFT CHURCH Charity registra�on number 1057641 Principal address 21 PALACE VIEW BROMLEY BR1 3EJ
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HOLMCROFT CHURCH Report of the Trustees Con�nued For the year ended 31 December 2020
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Donald Mayhew Tudor Vladut Ciolan Christopher Dias-Abeyesinghe Independent examiner Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dar�ord DA1 1BX
Approved by the Board of Trustees and signed on its behalf by
29 October 2021 Donald Mayhew.............................................................................
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HOLMCROFT CHURCH Independent Examiners Report to the Trustees For the year ended 31 December 2020
I report to the trustees on my examina�on of the accounts of the charity for the year ended 31 December 2020.
Responsibili�es and basis of report
As the charity trustees, you are responsible for the prepara�on of the accounts in accordance with the requirements of the Chari�es Act 2011 ('the 2011 Act').
I report in respect of my examina�on of the charity’s accounts carried out under sec�on 145 of the 2011 Act and in carrying out my examina�on I have followed all the applicable Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the Act.
Independent examiners statement
I have completed my examina�on. I confirm that no ma�ers have come to my a�en�on in connec�on with the examina�on giving me cause to believe that in any material respect:
-
accoun�ng records were not kept in respect of the Charity as required by sec�on 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the accounts give a 'true and fair view' which is not a ma�er considered as part of an independent examina�on.
I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dar�ord DA1 1BX
29 October 2021
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HOLMCROFT CHURCH Statement of Financial Ac�vi�es
For the year ended 31 December 2020
| Notes Income and endowments from: Dona�ons and legacies 2 Total Expenditure on: Charitable ac�vi�es 3/4 Total Net income/expenditure Reconcilia�on of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 36,874 36,874 ) (45,771 ) (45,771 ) (8,897 88,806 79,909 |
Restricted funds £ 250 250 ) (250 ) (250 - - - |
2020 £ 37,124 37,124 ) (46,021 ) (46,021 ) (8,897 88,806 79,909 |
2019 £ 43,381 43,381 ) (43,079 ) (43,079 302 88,504 88,806 |
|---|---|---|---|---|
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HOLMCROFT CHURCH Statement of Financial Posi�on As at 31 December 2020
| Notes | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 9 | 80,386 | 83,645 |
| 80,386 | 83,645 | ||
| Current assets | |||
| Cash at bank and in hand | 2,917 | 6,705 | |
| 2,917 | 6,705 | ||
| Creditors: amounts falling due within one year | 10 | ) (3,394 |
) (1,544 |
| Net current assets | ) (477 |
5,161 | |
| Total assets less current liabili�es | 79,909 | 88,806 | |
| Net assets | 79,909 | 88,806 | |
| The funds of the charity | |||
| Unrestricted income funds | 11 | 79,909 | 88,806 |
| Total funds | 79,909 | 88,806 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Donald Mayhew Trustee 29 October 2021
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HOLMCROFT CHURCH Notes to the Financial Statements
For the year ended 31 December 2020
1. Accoun�ng Policies
Basis of accoun�ng
The financial statements have been prepared under the historical cost conven�on, except for investments which are included at market value and the revalua�on of certain fixed assets and in accordance with the Chari�es SORP (FRS 102) ‘Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)’, Financial Repor�ng Standard 102 the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102), and the Chari�es Act 2011.
HOLMCROFT CHURCH meets the defini�on of a public benefit en�ty under FRS 102. Assets and liabili�es are ini�ally recognised at historical cost or transac�on value unless otherwise stated in the relevant accoun�ng policy note(s).
Going concern
At the �me of approving the accounts, the Trustees have a reasonable expecta�on that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the Trustees' con�nue to adopt the going concern basis of accoun�ng in preparing the accounts.
The Trustees have taken advantage of the exemp�on in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.
Funds
Unrestricted funds are available for use at the discre�on of the Commi�ee in furtherance of their charitable objec�ves unless the funds have been designated for other purposes.
Restricted funds are subject to specific condi�ons by donors as to how they may be used.
Incoming resources
All incoming resources are included in the statement of financial ac�vi�es when the Charity is en�tled to the income and the amount can be quan�fied with reasonable accuracy. The following specific policies are applied to par�cular categories of income:
Resources expended
Liabili�es are recognised as resources expended when there is a legal or construc�ve obliga�on commi�ng the Charity to the expenditure:
Charitable ac�vites
Costs of charitable ac�vi�es are those costs rela�ng to the ac�vi�es carried out to meet the objec�ves of the Church. These include both directly a�ributable costs and appor�oned support costs.
Taxa�on
The charity is exempt from corpora�on tax on its charitable ac�vi�es.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valua�on less deprecia�on and any provision for impairment. Deprecia�on is provided at rates calculated to write off the cost or valua�on of fixed assets, less their es�mated residual value, over their expected useful lives on the following basis:
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HOLMCROFT CHURCH Notes to the Financial Statements Con�nued For the year ended 31 December 2020
2. Income from dona�ons and legacies
| Dona�ons received Costs of charitable ac�vi�es by fund type Charitable Ac�vi�es Support costs Costs of charitable ac�vi�es by ac�vity type Support costs Charitable Ac�vi�es Analysis of support costs Charitable Ac�vi�es Management Finance Governance costs |
Unrestricted funds £ 36,874 36,874 Unrestricted funds £ 23,644 22,127 45,771 Ac�vi�es undertaken directly £ 23,894 |
Restricted funds £ 250 250 Restricted funds £ 250 - 250 Support costs £ 22,127 |
2020 £ 37,124 37,124 2020 £ 23,894 22,127 46,021 2020 £ 46,021 2020 £ 20,483 - 1,644 22,127 |
2019 £ 43,381 43,381 2019 £ 26,979 16,100 43,079 2019 £ 43,079 2019 £ 12,355 10 3,735 16,100 |
|---|---|---|---|---|
3. Costs of charitable ac�vi�es by fund type
4. Costs of charitable ac�vi�es by ac�vity type
5. Analysis of support costs
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HOLMCROFT CHURCH Notes to the Financial Statements Con�nued For the year ended 31 December 2020
6. Net income/(expenditure) for the year
This is stated a�er charging/(credi�ng):
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Deprecia�on of owned fxed assets | 1,276 | 1,975 |
| Deprecia�on of assets held under hire purchase | 1,983 | 1,983 |
| agreements | ||
| Accountancy fees | 1,644 | 3,735 |
Total staff costs for the year ended 31 December 2020 were:
| Salaries and wages | 2020 £ 17,468 17,468 |
2019 £ 21,545 21,545 |
|---|---|---|
8. Compara�ve for the Statement of Financial Ac�vi�es
The compara�ve year values on the Statement of Financial Ac�vites are for unrestricted funds.
9. Tangible fixed assets
| Cost or valua�on At 01 January 2020 At 31 December 2020 Deprecia�on At 01 January 2020 Charge for year At 31 December 2020 Net book values At 31 December 2020 At 31 December 2019 |
Land and Buildings £ 99,141 99,141 16,772 1,983 18,755 80,386 82,369 |
Computer Equipment £ 19,749 19,749 18,473 1,276 19,749 - 1,276 |
Total £ 118,890 118,890 35,245 3,259 38,504 80,386 |
|---|---|---|---|
| 83,645 | |||
The deprecia�on charge for the year is £(1,983) in respect of assets leased under finance leases or hire purchase contracts.
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HOLMCROFT CHURCH Notes to the Financial Statements Con�nued For the year ended 31 December 2020
10. Creditors: amounts falling due within one year
| Accruals and deferred income | 2020 £ 3,394 3,394 |
2019 £ 1,544 1,544 |
|---|---|---|
11. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/01/2020 £ 88,806 88,806 Balance at 01/01/2019 £ 88,504 88,504 |
Incoming resources £ 36,874 36,874 Incoming resources £ 43,381 43,381 |
Outgoing resources £ ) (45,771 ) (45,771 Outgoing resources £ ) (43,079 ) (43,079 |
Balance at 31/12/2020 £ 79,909 79,909 Balance at 31/12/2019 £ 88,806 88,806 |
|---|---|---|---|---|
Purpose of unrestricted Funds
General
Unrestricted funds are available for use at the discre�on of the Commi�ee in furtherance of their charitable objec�ves unless the funds have been designated for other purposes.
Restricted Funds
| General R | Incoming resources £ 250 250 |
Outgoing resources £ ) (250 ) (250 |
Balance at 31/12/2020 £ - - |
|---|---|---|---|
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HOLMCROFT CHURCH Notes to the Financial Statements Con�nued For the year ended 31 December 2020
Restricted Funds - Previous year
| Incoming resources £ - |
Outgoing resources £ - |
Balance at 31/12/2019 £ - |
|---|---|---|
Purpose of restricted funds
General R
Restricted funds are subject to specific condi�ons set out by donors as to how those funds may be used.
12. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fxed assets Net current assets / (liabili�es) Net Assets £ £ £ 80,386 ) (477 79,909 80,386 ) (477 79,909 Tangible fxed assets Net current assets / (liabili�es) Net Assets £ £ £ 83,645 5,161 88,806 83,645 5,161 88,806 |
|---|---|
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HOLMCROFT CHURCH Detailed Statement of Financial Ac�vi�es For the year ended 31 December 2020
| INCOME AND ENDOWMENT Dona�ons and legacies Tithes & Oferings Other Income Total incoming resources EXPENDITURE Charitable ac�vi�es Staf Costs - Wages & Salaries Adver�sement & Promo�on Charitable Dona�ons Conferences And Mee�ngs Ministry Expenses Honorarium Music Expenses SUPPORT COSTS Management Deprecia�on - Owned Assets Deprecia�on - Leased Assets Insurance Light And Heat Repairs & Maintenance Small Equipment And Computer Expenses Subscrip�on Telephone Rates And Water Ofce And Administra�ve Legal & Professional Fees Rent Bank Charges Finance Bank Charges Governance costs Accountancy Fees Total resources expended Net Expenditure |
£ 2020 36,867 257 37,124 37,124 ) (17,468 - ) (1,128 ) (539 ) (552 ) (400 ) (3,807 ) (23,894 ) (1,276 ) (1,983 ) (1,021 ) (4,976 ) (200 ) (2,100 ) (961 ) (500 ) (59 ) (212 ) (4,565 ) (2,600 ) (30 ) (20,483 - - ) (1,644 ) (1,644 ) (46,021 ) (8,897 |
£ 2019 42,454 927 43,381 |
|---|---|---|
| 43,381 ) (21,545 ) (126 ) (2,785 ) (135 ) (2,388 - - ) (26,979 ) (1,975 ) (1,983 ) (988 ) (3,932 ) (150 ) (704 ) (241 ) (470 ) (94 ) (612 ) (1,206 - - ) (12,355 ) (10 ) (10 ) (3,735 ) (3,735 |
||
| ) (43,079 302 |
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