REGISTERED CHARITY NUMBER: 1071620
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
NATIONCHANGERS CHURCH
Graham Paul Limited Court House Court Road Bridgend CF31 1BE
NATIONCHANGERS CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 2 |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 to | 6 |
| Notes to the Financial Statements | 7 to | 11 |
NATIONCHANGERS CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are the proclamation and furthering of the gospel of God concerning his son Jesus Christ our Lord and the preaching and teaching of the Christian Faith in Merthyr Tydfil and throughout the United Kingdom of Great Britain and elsewhere.
The main activities in relation to the objects of the charity are regular weekly meetings on Sundays and mid-week. Special meetings at other locations and venues are held as and when necessary.
ACHIEVEMENT AND PERFORMANCE
The year ended 31 March 2022 has proved to be another challenging year for the Charity with the Covid-19 pandemic that has continued to overshadow its work. The continued lockdowns necessitated by the pandemic saw the closure of the Church building and cessation of all activities usually held and promoted from the Church building for long periods of time.
The Church worked more closely with the local voluntary sector and several members were able to facilitate grocery shopping for those unable to leave their homes. The Church was also able to provide food packages for needy families within our community.
As the restrictions were eased by the Government the Charity was able to hold a Christmas event, albeit on a smaller scale, but as things continued to ease, normal services were able to be held. Plans are already in place for Easter services and a full programme of activities is planned for the coming year.
FINANCIAL REVIEW
Reserves policy
While the Charity does not have a specific policy on reserves, the main intent is that the Charity should not hold any such reserves, other than those needed to meet operational demands. Any surplus is generally used to support projects, or needs, at home or overseas.
Going concern
The pandemic which affected the United Kingdom and the rest of the world has restricted the scope of activities of the Charity. As the restrictions have eased in the UK the Charity has begun to resume it's activities and to introduce some new programmes to enable it to reach it's stated aims and objectives. Donations to the Charity have not been severely impacted during the various periods of 'lockdown' and the Charity is looking forward with excitement and anticipation of seeing it's plans come to fruition in the coming months.
Church members provide funds to the Charity through regular donations. The charity does not engage in any fundraising activity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by the Declaration of Trust dated 21 July 1998.
Recruitment and appointment of new trustees
The existing trustees select and appoint new Trustees as and when necessary under the terms of sections D1 and D2 of the Trust Deed.
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NATIONCHANGERS CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1071620
Principal address
Alpha House Heolgerrig Merthyr Tydfil CF48 1JX
Trustees
S H Dorricott Mrs P E Dorricott T Thomas J Cresswell Mrs J H McAleer
Independent Examiner
J Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 1BE
Approved by order of the board of trustees on 24 July 2022 and signed on its behalf by:
T Thomas - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NATIONCHANGERS CHURCH
Independent examiner's report to the trustees of Nationchangers Church
I report to the charity trustees on my examination of the accounts of Nationchangers Church (the Trust) for the year ended 31 March 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:
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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
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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.
J Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 1BE
24 July 2022
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NATIONCHANGERS CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 66,570 Investment income 2 12,007 Other income 2,108 Total 80,685 EXPENDITURE ON Charitable activities Charitable activities 97,340 NET INCOME/(EXPENDITURE) (16,655) RECONCILIATION OF FUNDS Total funds brought forward 267,114 TOTAL FUNDS CARRIED FORWARD 250,459 |
2021 Total funds £ 84,952 8,029 - |
|---|---|
| 92,981 61,460 |
|
| 31,521 235,593 |
|
| 267,114 |
The notes form part of these financial statements
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NATIONCHANGERS CHURCH
BALANCE SHEET 31 MARCH 2022
| 2022 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 5 187,354 CURRENT ASSETS Debtors 6 25,583 Cash at bank 53,722 79,305 CREDITORS Amounts falling due within one year 7 (13,200) NET CURRENT ASSETS 66,105 TOTAL ASSETS LESS CURRENT LIABILITIES 253,459 CREDITORS Amounts falling due after more than one year 8 (3,000) NET ASSETS 250,459 |
2021 Total funds £ 191,178 22,551 81,585 104,136 (13,200) 90,936 282,114 (15,000) 267,114 |
|---|---|
The notes form part of these financial statements
continued...
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NATIONCHANGERS CHURCH
BALANCE SHEET - continued 31 MARCH 2022
| FUNDS 9 Unrestricted funds TOTAL FUNDS |
250,459 250,459 |
267,114 |
|---|---|---|
| 267,114 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 July 2022 and were signed on its behalf by:
J Cresswell - Trustee
P E Dorricott - Trustee
S H Dorricott - Trustee
T Thomas - Trustee
J H McAleer - Trustee
The notes form part of these financial statements
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NATIONCHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 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.
Going Concern
The pandemic, which affected the United Kingdom and the rest of the world in 2020/2021 restricted the scope of activities of the Charity. As the restrictions are being eased in the UK the Charity has plans to resume it's activities and to introduce some new programmes to enable it to reach it's stated aims and objectives.
Donations to the Charity have not been severely impacted during the various periods of 'lockdown' and the Charity is looking forward with excitement and anticipation of seeing it's plans come to fruition in the coming months.
The charity has sufficient levels of unrestricted funds, totalling £250,459 (2021: £267,114 ).
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 - 2% on cost
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.
continued...
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NATIONCHANGERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
2. INVESTMENT INCOME
| Rents received Deposit account interest |
2022 £ 12,000 7 12,007 |
2021 £ 8,000 29 |
|---|---|---|
| 8,029 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
During the year, the following Trustees' received reimbursed expenses incurred wholly and exclusively for the purposes of the charity:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| S H D Dorricott | 1,959 | 2,174 |
| Mrs P E Dorricott | - | - |
| T Thomas | 419 | 47 |
| Mr J Cresswell | 117 | 205 |
| Mrs J H McAleer | 167 | - |
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 84,952 |
| Investment income | 8,029 |
| Total | 92,981 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable activities | 61,460 |
| NET INCOME | 31,521 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 235,593 |
| TOTAL FUNDS CARRIED FORWARD | 267,114 |
continued...
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NATIONCHANGERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 5. TANGIBLE FIXED ASSETS COST At 1 April 2021 and 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Gift aid recoverable 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 267,114 TOTAL FUNDS 267,114 |
2022 £ 16,800 8,783 25,583 2022 £ 13,200 2022 £ 3,000 Net movement in funds £ (16,655) (16,655) |
Freehold property £ 225,000 33,822 3,824 37,646 187,354 191,178 2021 £ 14,200 8,351 22,551 2021 £ 13,200 2021 £ 15,000 At 31.3.22 £ 250,459 250,459 |
|---|---|---|
continued...
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NATIONCHANGERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80,685 | (97,340) | (16,655) |
| TOTAL FUNDS | 80,685 | (97,340) | (16,655) |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 235,593 235,593 |
Net movement in funds £ 31,521 31,521 |
At 31.3.21 £ 267,114 |
|---|---|---|---|
| 267,114 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 92,981 | (61,460) | 31,521 |
| TOTAL FUNDS | 92,981 | (61,460) | 31,521 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 235,593 235,593 |
Net movement in funds £ 14,866 14,866 |
At 31.3.22 £ 250,459 |
|---|---|---|---|
| 250,459 |
continued...
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NATIONCHANGERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. 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:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 173,666 | (158,800) | 14,866 |
| TOTAL FUNDS | 173,666 | (158,800) | 14,866 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
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