Liberty Church
Unaudited Financial Statements
for the Year Ended 31 December 2020
LIBERTY CHURCH Charity No. 1069692 Contents of the Financial Statements for the year ended 31 December 2020
| Page | |
|---|---|
| General Information | 1 |
| Trustees report | 2 |
| Examiners Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| General Fund | 6 |
| Other Funds | 7 |
| Tangible Fixed Asset Schedule | 8 |
| LIBERTY CHURCH | |
|---|---|
| Charity No. 1069692 | |
| General Information | |
| for the year ended 31 December 2020 | |
| Principal Address | Liberty Church |
| Station Road | |
| Masbrough | |
| Rotherham | |
| South Yorkshire | |
| S60 1JH | |
| Correspondence Address | c/o Mrs S Wood (Secretary) |
| 5 Louden Road | |
| Scholes | |
| Rotherham | |
| South Yorkshire | |
| S61 2SU | |
| Trustees who served during the year. | Pastor Adrian Mark Dexter |
| Mr David Murray Roscamp | |
| Mrs Margaret Hodgkinson | |
| Accountants | A Thousand Hills Limited |
| 172 Sandford Road | |
| East Ham | |
| LONDON | |
| E6 3PX |
Liberty Church Rotherham also known as Rotherham Pentecostal Church is registered with the charity commission.
LIBERTY CHURCH Charity No. 1069692
Trustees Report for the year ended 31 December 2020
Structure and Governance
Liberty Church is governed under the terms of its trust deed signed on 21 December 1997 and amended on 25th July 2003. Its trustees meet a minimum of eight times a year to manage the activities of the church. The day to day activities of the church are run by members of the church to whom the trustees have delegated the necessary authorty.
Charitable Objectives
●Liberty Church is a Christian based charity with a commission to engage in social action to alleviate poverty, social and economic difficulties.
●Liberty Church engages in activities that seek to build community cohesion, and social integration
●Liberty Church engages in activities that promote the advancement, knowledge and experience of the Christian Faith.
Risk, Reserves and Financial review
The trustees have given due consideration of the major risks to which the Church is exposed, and are satisfied that it has systems, policies and procedures in place to mitigate exposure to major risks
Liberty Church has an aim of holding free reserves to cover a minimum of 3 months operating costs (currently equivalent to £32,500). As at 31 December 2020 the charities free reserves were £ 48,536 calculated as follows: Total Reserves £ 314,732
less Restricted Funds £ 36,773 less Fixed Asset Reserves £ 229,423 leaves Free Reserves of £ 48,536
This leaves the church in a strong financial position to bulid on its acheivements in 2020 and seek opportunities to respond with the love of Christ to promote knowledge and experience of the Christian Faith, build community cohesion and work to alleviatepoverty in its various forms.
The Charity's financial transactions during the year and the financial situation at the end of the year are set out in the following accounts. The trustees consider the financial position to be satisfactory, and are looking to see free reserves move closer to the target level. The Trustees have given consideration to the effects of Civid -19 pandemic and the UK government response on its ability to deliver its mission and its ability to raise funds. Adequate steps have been taken to manage expenditure and monitor cashflow. Trustees are confident that the charity will have sufficient resources to continue to operate for a period of time exceeding 12 months from the date these reports were approved.
Activities During the year - for details see ministers report for 2020
The year 2020 has been a most challenging year in terms of our response to a Global Pandemic. This year has been one of immense sorrow and challenge, yet at the same time has created opportunities for the Church to outwork its charitable purposes in serving the needs of the community and continuing to find creatives ways to support the vulnerable and promote the knowledge and advancement of the Christian faith.
The Church continued to build on our foodbanks for Asylum seekers, refugees, and immigrant workers. This work we undertook has brought a greater and healthier connection with the local civic and statutory agencies as well as local community groups
the Church Continued to provide activities and events for elderly aimed at reducing isolation and improving health and well-being through moving the majority of our church programmes on to an online format The Church continued to build on our ministries to the homeless and those with life controlling addictions and behaviours. The Church continued to build relationships with other local churches, local authorities, and other agencies.
The church continued to run its services within the guidelines provided by the government, either online or by creating through social distancing and PPE, a Covid safe environment.
The financial health of the church has remained strong despite the restrictions on meeting together.
Signed on behalf of the charity's trustees
A Dexter Pastor Adrian Dexter Dated 6th October 2021
LIBERTY CHURCH Charity No. 1069692 Independent Examiners Report to the Trustees.
for the year ended 31 December 2020
To the Trustees.
I report on the Financial Statements of the Church for the year ended 31[st] December 2020 which are set out in the following pages.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, “the 2011 Act”, and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: Examine the accounts under section 145 of the 2011 Act;
To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation s from you the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
Which gives me reasonable cause to believe that in any material respect the requirements:
To keep accounting records in accordance with section 386 of the companies Act 2006; and
To prepare accounts which accord with the accounting records, comply with the Charities Act 2011 and the SORP (FRS102) "Accounting and Reporting by Charities" issued in March 2015.
have not been met; or
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
BJ. Dexter
Brian Dexter
Chartered Management Accountant 172 Sandford Road East Ham London E6 3PX Dated..........07/10/2021
.
LIBERTY CHURCH Charity No. 1069692
Statement of Financial Activities for the year ended 31 December 2020
| Income and Endowments From Donations and Legacies Charitable Activities Other Trading Activities Investments Disposal of Fixed Assets Total Incoming Resources Expenditure on: Raising Funds Charitable Activities Church Activities Other Costs Total Resources Expended Net Expenditure for the Year Transfer Between Funds*1 net movement in funds Fund Balances 31 December 2019 Fund Balances 31 December 2020 |
Unrestricted Restricted 2020 Funds £ Funds £ Total £ 145,709 8,053 153,762 3,713 21,156 24,869 4,500 1,044 5,544 22 - 22 732 732 154,676 30,253 184,929 1,284 - 1,284 113,237 19,936 133,173 3,861 - 3,861 118,383 19,936 138,318 36,293 10,318 46,611 (15,189) 15,189 21,104 25,507 46,611 256,855 11,266 268,121 277,959 36,773 314,732 |
2019 Total £ 132,605 20,349 6,013 92 |
|---|---|---|
| 159,059 1,751 151,184 3,658 |
||
| 156,593 2,466 - |
||
| 2,466 | ||
| 265,655 | ||
| 268,121 |
*1 Transfer of Tithe to Mission fund
| Balance Sheet Fixed Assets Tangible Fixed Assets Current Assets Cash at bank and in hand Current Account Deposit Account Mission Account Building Fund Cash in hand Total Current Assets Net Current Assets Net Assets Funds General Funds Restricted Funds These accounts were approved by the trus and signed on their behalf by Creditors: Amounts due within one year Creditors due after more than one year |
Unrestricted Funds £ 229,423 - 46,175 - - 2,972 |
Restricted 2020 Funds £ Total £ - 229,423 - 25,174 71,349 11,013 11,013 278 278 308 3,279 36,773 85,919 - 610 36,773 85,309 - - 36,773 314,732 277,959 36,773 36,773 36,773 314,732 o Pastor Adrian Dexter Balance Sheet as at 31st December 2020 Charity No. 1069692 LIBERTY CHURCH |
2019 Total £ 234,490 - 27,620 8,144 278 1,281 37,323 3,692 (0) 33,631 - 268,121 256,855 11,266 268,121 6th October 2021 date |
|
|---|---|---|---|---|
| 49,146 610 48,536 |
||||
| - | ||||
| 277,959 | ||||
| 277,959 | ||||
| 277,959 | ||||
| tees on Title |
n | |||
LIBERTY CHURCH
Charity No. 1069692
for the year ended 31 December 2020
General Fund- Detailed transactions
| General Fund- Detailed transactions | ||
|---|---|---|
| Offerings Gift Aided Offerings Gift Aid Recoverable |
2020 2019 79,913 65,286 56,140 49,176 9,656 15,503 145,709 129,965 378 1,204 675 2,385 - 1,309 239 1,195 345 1,968 2,016 50 60 710 - - - 40 - 5,640 - 25 - 90 - 122 - - 3,713 14,527 4,500 8,500 4,500 8,500 22 92 732 - 154,676 £ 153,084 £ Printing and Stationery Advertising & Marketing Bank Fees Churches Together Cleaning Sierra Leone Schools Sheffild Hallam costs Telephone costs Travel/Car Parking Church Outings Costs of Vending items Water Rates Mobile Phones Provisions Repairs and Renewals Missions Legal and Professional Depreciation Expense YWAM R Jumbe support R Thomas Christmas events Fire in the North Welcome Centre costs Staff Training Audit & Accountancy Insurances outreach Personal Purchase PAIS Postage INCOME Transfer to Missions Fund Gifts/Flowers AOG Costs Swinton Direct Wages - Minister Wages- Other staff Pensions Interns Memberships Electric Gas conference costs Youth Project Basement Youth/Childrens work Minister Travel Employers NIC costs Safeguarding Silver Linings/Oasis Resources Hospitality Licences ministry Minibus Council Tax |
2020 2019 15,189 £ 8,353 £ - £ - £ 24,000 £ 24,000 £ 32,712 £ 35,712 £ 1,356 £ 1,446 £ 2,645 £ 1,710 £ 136 £ 1,650 £ 211 £ 487 £ 502 £ 3,106 £ 1,470 £ 2,182 £ 1,734 £ 1,809 £ 1,284 £ 1,751 £ 277 £ 435 £ - £ 1 £ - £ 20 £ - £ 20 £ 1,125 £ 1,973 £ 3,681 £ 3,692 £ 384 £ 93 £ 1,947 £ 1,981 £ 3,057 £ 5,246 £ 6,127 £ 5,557 £ 1,620 £ 863 £ 997 £ 604 £ 1,405 £ 903 £ 1,450 £ 4,893 £ 2,002 £ 2,266 £ 118 £ 3,095 £ - £ 5,171 £ 404 £ 96 £ 233 £ 569 £ 13 £ 2 -£ 38 £ 39 £ 2,502 £ 4,081 £ £ 1,380 £ 5,002 4,840 £ 4,817 £ 217 £ - £ 5,139 £ 4,893 £ 597 £ 497 £ - £ 635 £ - £ - £ 1,709 £ 1,716 £ 2,100 £ 1,650 £ 58 £ 1,085 £ - £ - £ 988 £ 817 £ - £ - £ - £ 2,341 £ £ 862 £ 602 3,200 £ 4,144 £ - £ 6 £ - £ - £ - £ - £ 3,861 £ 3,658 £ EXPENDITURE |
| Total Offerings | ||
| Welcome Centre- Conference hire Welcome Centre Room Hire Income from Youth/Childrens work activities Income - Silver Liners Provisions Income Income from Ladies Conference Gifts and flowers Income Sheffield Hallam Underground Party Income Vision Week donations Mens Conference ticket income Charity Shop Income from Car park Vending income |
||
| Charitable Activities | ||
| Church House Rental Income | ||
| Trading Income | ||
| Interest Income | ||
| Income from Disposals | ||
| 133,572 £ 155,663 £ |
LIBERTY CHURCH
Charity No. 1069692 for the year ended 31 December 2020
Mission Fund- detailed transactions
| Mission Fund- detailed transactions | ||
|---|---|---|
| Tithes-Transfer from General Fund Misc Mission account gifts Charity Shop Car Parking Income Offerings re Covid Response Offerings re Intern Grant re Covid Response(Lottery) Grant re Covid safety (RMBC) Grant re Foodbank- Samaritans Purse Donations Re foodbank |
2020 2019 15,189 £ 8,353 £ Ywam 7,103 £ 1,929 £ HIMS International 961 £ 3,437 £ Mattersey 84 £ 396 £ R Jumbe Support PAIS Project Sierra Leone Sierra Leone Schools Romania Macedonia Interns Wycliffe 23,336 £ 14,116 £ 2020 2019 400 £ - £ 550 £ - £ Intern 19,000 £ - £ Foodrun Staff 450 £ - £ Covid safety 1,000 £ - £ Foodbank 706 £ - £ 22,106 £ - £ Other Restricted Fund- detailed transactions INCOME Mission account sundry expenditure INCOME |
2020 2019 - £ 53 £ - £ 900 £ - £ 50 £ 1,650 £ 1,450 £ 400 £ 200 £ - £ 508 £ - £ 917 £ 1,016 £ - £ 2,300 £ 1,150 £ 2,500 £ 840 £ 840 £ 10 £ 1,865 £ EXPENDITURE |
| 7,366 £ 9,283 £ |
||
| 2020 2019 - £ - £ 550 £ - £ 5,000 £ - £ 450 £ - £ 6,570 £ - £ ~~-~~ ~~£~~ EXPENDITURE |
||
| 12,570 £ - £ |
| Fund Summary | |||||
|---|---|---|---|---|---|
| Opening | Closing | ||||
| Balance | Income | Expenditure | Transfers | Balances | |
| Free Reserves | 22,365 | 154,676 | 118,383 | (10,122) | 48,536 |
| Fixed Asset Reserves | 234,490 | (5,067) | 229,423 | ||
| Total General Funds | 256,855 | 154,676 | 118,383 | (15,189) | 277,959 |
| Mission Restricted Funds * | 11,266 | 8,147 | 7,366 | 15,189 | 27,237 |
| Interns | - | 550 | 550 | - | |
| Covid Safety (RMBC) | - | 450 | 450 | - | |
| Foodbank | - | 21,106 | 11,570 | 9,536 | |
| Total Restricted Funds | 11,266 | 30,253 | 19,936 | 15,189 | 36,773 |
| Total | 268,121 | 184,929 | 138,318 | - | 314,732 |
- The Mission Fund, the Swinton Fund and the Boiler Fund together make up this total Transfers:
1) £15,189 tithe from General Funds to Mission Funds,
2) £5,067 from Free Reserves to Fixed Asset Reserves relating to additions in the year
LIBERTY CHURCH Charity No. 1069692 General Information
for the year ended 31 December 2020
FIXED ASSETS
| COST At 1 January 2020 Additions Disposals At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year On Disposals At 31 December 2020 NET BOOK VALUE* At 31 December 2020 At 31 December 2019 |
Freehold Property Buildings Vehicles £ £ £ 70,000 135,000 9,765 - 2,450 70,000 135,000 7,315 - - 3,515 876 583 - - 3,808 70,000 135,000 3,507 70,000 135,000 6,250 |
Fixtures and Fittings Totals £ £ 93,060 307,825 - 2,450 |
|---|---|---|
| 93,060 305,375 |
||
| 69,820 73,335 2,324 3,200 583 |
||
| 72,144 75,952 |
||
| 20,916 229,423 |
||
| 23,240 234,490 |
In 2020 the Transit Van was stolen, an insurance claim was made and the surplus of Insurance funds received over the vehicles net book value is shown as Income from disposals on the Statement of Financial Activities.
CREDITORS
| CREDITORS HMRC (Paye) NEST re pensions Thurcroft |
2020 - £ 245 £ 365 £ 610 £ |
2019 3,116 - 576 |
|---|---|---|
| 3,692 |
EMPLOYEES
During the year the charity the number of employees was 4 (2019: 4)
| Total cost of Employment Wages and Salaries Employers NIC Employers Pension |
2020 61,712 £ 3,681 £ 1,356 £ 66,750 £ |
2019 59,712 £ 3,692 £ 1,446 £ |
|---|---|---|
| 64,850 £ |
Restricted Fund Movements
| Mission Fund Swinton Fund Boiler Fund Intern Fund Covid Response Funds |
01/01/2020 Income Expenditure 31/12/2020 4,833 £ 23,336 £ 7,366 £ 20,804 £ 5,433 £ - £ - £ 5,433 £ 1,000 £ - £ - £ 1,000 £ - £ 550 £ 550 £ - £ - £ 21,556 £ 12,020 £ 9,536 £ |
|---|---|
| 11,266 £ 45,442 £ 19,936 £ 36,773 £ |