## Christian Fellowship in Richmond
Report and Accounts Year ended 31 December 2022
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **Christian Fellowship in Richmond**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
**Trustees** Olugbenga Adedolapo Ade-Onojobi Ian Peter White Jonathan Edward Swinfen Gale _resigned 21 April 2022_ Peter Douglas Reekie _appointed 21 April 2022_ **Company Secretary** Peter Douglas Reekie _appointed 21 April 2022_ **Key Staff** Dave Borlase _resigned March 2022._ **Governing Document** Memorandum and Articles of Association dated 11 November 1998. **Company Registration Number** 03666024 **Charity Registration Number** 1072880 **Registered Office** Halford House 27 Halford Road Richmond-upon-Thames Surrey TW10 6AW
|**Independent Examiner**|Sarah Crispin ACA||
|---|---|---|
||Stewardship||
||1 Lamb's Passage||
||London||
||EC1Y 8AB||
|**Bankers**|Barclays Bank plc||
||PO Box 13||
||8 George Street||
||Richmond||
||Surrey||
||TW9 1JU||
|**Contents**||**Page**|
|Company Information||1|
|Trustees' Annual Report||2-4|
|Independent Examiner's Report||5|
|Statement of Financial Activities||6|
|Balance Sheet||7|
|Notes to the Accounts||8-13|
|Detailed Statement of Financial Activities with Comparatives||14|
1
## **Christian Fellowship in Richmond**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.
## **1. Objects of the charity**
The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are:
(a) to promote the Christian faith in accordance with the Basis of Faith in the United Kingdom and overseas in particular (but without prejudice to the generality of the foregoing) through the Christian Fellowship in Richmond congregation and other congregations as may be established from time to time or with which Christian Fellowship in Richmond may be in close association;
(b) to relieve the aged, the poor and needy, the sick and those in conditions of hardship or distress, in particular (but without prejudice to the generality of the foregoing) to those who in the opinion of the Trustees hold a belief in the New Testament and/or Old Testament of the Bible;
(c) to advance education, in particular (but without prejudice to the generality of the foregoing) with regard to the Bible, to Christian concepts, and to a biblical perception of other faiths, ideologies and/or philosophies; and
(d) to promote such other charitable objects as the Trustees from time to time determine.
The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Christian Fellowship In Richmond; its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Richmond-Upon-Thames come into this experience of knowing Jesus as their Lord, Saviour and friend.
## **2. Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
- The use of the Charity’s premises for Christian worship, meetings, clubs and activities.
- • The Charity’s continuing links with other churches in the Richmond area and many long standing connections with Christians and Christian Groups overseas.
- The Charity uses a substantial part of its income to make payments to individuals and organisations which share the objects of the Charity. The effectiveness of the grants is monitored by direct contact with the recipients. Where the recipients are abroad, written communications are encouraged and individuals from the fellowship make overseas visits from time to time.
2
- The Charity provides rent-free accommodation to Nepal Leprosy Trust, a Registered Charity which seeks to show the love of Christ to people affected by leprosy in Nepal, through its medical and social programmes.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. The provision of public benefit is given at no charge and is made available to all people including those on low incomes.
## **3. Volunteers**
The Charity aims to keep its costs, and in particular its governance costs to a minimum by performing the majority of all of its activities through the work of volunteers and the charity could not operate effectively without their efforts.
## **4. Structure, Governance and Management**
Responsibility for setting policy and for making operating decisions rests with the trustees who meet regularly to monitor the activities of the charity. New trustees are appointed by existing trustees after extensive consultation and prayer by the Congregation.
## **5. Financial review**
A summary of the financial results and the work of the Charity are set out below. The Charity’s income was £51,623 (2021: £53,017) and expenditure was £76,210 (2021: £68,049) resulting in a deficit for the year of £24,587.
## **6. Principal Financial Asset**
The principal asset of the Charity is the land and buildings in Halford Road, Richmond, which are stated in the accounts at cost. The market value of this property is significantly in excess of cost. The premises are currently insured for rebuilding purposes at a figure of £4,524,668.
## **7. Reserves policy**
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £13,500 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £191,000 and the charity is complying with its reserves policy.
The Charity owns a valuable property that includes its church premises, which is a listed building. Reserves are held for Charity activities and for periodic maintenance and refurbishment of the property. Given the nature of the property, refurbishments can involve considerable sums of money.
## **8. Going concern**
Taking into account reserves and anticipated recurring income, the Trustees are confident that the Charity remains a going concern for at least twelve months from the date of approval of these accounts.
The Charity is beginning a project to do extensive and necessary repairs to its main building. The reserves available have been estimated to be adequate to do these repairs. However, should these repairs turn out to be significantly more costly than envisaged or the income of
3
the Charity be insufficient over the next 12 months, it may be necessary to sell some of the grounds of the church property to fund these repairs. The value of these grounds has been estimated at around £3m, which will be more than sufficient to ensure that the charity is able to continue as a going concern for the next 12 months, and significantly longer.
## **9. Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **10. Responsibilities of trustees under company law**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:
## **Olugbenga Ade-Onojobi**
_____________________________________ Olugbenga Ade-Onojobi
Date: 19 July 2023
4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **Christian Fellowship in Richmond ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022 on pages 6 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
## **Sarah Crispin**
Sarah Crispin ACA
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 19 July 2023
5
## **Christian Fellowship in Richmond**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Interest income
Other income
4
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
5
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
11
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
11|Unrestricted
Funds
£
42,897
257
6,578
49,732
73,881
73,881
(24,149)
-
(24,149)
463,352
439,203|Restricted
Funds
£
1,891
-
-
1,891
2,329
2,329
(438)
-
(438)
1,107
669|Total
Funds
2022
£
44,788
257
6,578
51,623
76,210
76,210
(24,587)
-
(24,587)
464,459
439,872|Total
Funds
2021
£
47,439
69
5,509|
|---|---|---|---|---|
|||||53,017|
|||||68,049|
|||||68,049|
|||||(15,032)
-|
|||||(15,032)
479,491|
|||||464,459|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on page 8-14 form part of these accounts.
6
## **Christian Fellowship in Richmond**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2022**
|Note
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
9
**CREDITORS: Amounts falling**
**due within one year**
10
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
11
Unrestricted Funds
General funds
Restricted Funds|Unrestricted
Funds
£
245,165
245,165
9,602
191,057
200,658
(6,620)
194,038
439,203
439,203
439,203
-
439,203|Restricted
Funds
£
-
-
188
481
669
-
669
669
669
-
669
669|Total
Funds
2022
£
245,165
245,165
9,789
191,538
201,327
(6,620)
194,707
439,872
439,872
439,203
669
439,872|Total
Funds
2021
£
249,000|
|---|---|---|---|---|
|||||249,000|
|||||13,877
207,568|
|||||221,445
(5,986)|
|||||215,459|
||||||
|||||464,459|
|||||464,459|
|||||463,352
1,107|
|||||464,459|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:
- (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
## **Olugbenga Ade-Onojobi**
---------------------------------------
Olugbenga Ade-Onojobi
Date: 19 July 2023
The notes on page 8-14 form part of these accounts.
Company number: 03666024
Charity number: 1072880
7
## **Christian Fellowship in Richmond**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1 Statutory Information**
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
Other income comprises proceeds from the sale of a piano. This was a historic asset and not included as a tangible fixed asset on the balance sheet in previous years.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured li bl
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
8
## **Christian Fellowship in Richmond**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Equipment Over 3 to 5 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## f) Taxation
The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## g) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## h) Critical accounting estimates and areas of judgement
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
## **3 Donations and legacies**
|Donations of cash and similar
Legacies receivable
Income tax recoverable
**4**
**Other income**
Gain on disposal of piano
Insurance claim
**5**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Staff costs
Telephone and utilities
Ministry costs
Those in need
Cleaning
Repairs & Maintenance
Equipment
Grants payable (note 8c)|2022
£
38,904
-
5,884
44,788
2022
£
-
6,578
6,578
2022
£
10,241
11,818
971
3,803
4,771
19,869
1,768
53,241
11,124
64,365|2021
£
31,970
10,000
5,468|
|---|---|---|
|||47,439|
|||2021
£
5,509
-|
|||5,509|
|||2021
£
16,875
3,232
1,348
3,150
4,510
8,488
772|
|||38,375
16,634|
|||55,009|
9
## **Christian Fellowship in Richmond**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **b Costs incurred on support & administration**
|**ts incurred on support & administration**|||
|---|---|---|
|Governance costs
Independent examiner's fee
Office & administration costs
Subscriptions and professional fees
Depreciation of tangible fixed assets
Insurance
**l expenditure**|1,620
1,620
521
2,438
3,835
3,431
11,845
76,210|1,500|
|||1,500
811
3,927
3,835
2,967|
|||13,040|
|||68,049|
## **Total expenditure**
The fee payable to the independent examiner for preparing and examining the accounts was £1,620 (2021: £1,500).
## **c Grants payable**
|Grants for UK and overseas mission
Grants for the relief of poverty
Grants for education
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
Grants for education|Institutions
£
4,480
1,186
380
6,046
Institutions
£
4,760
964
360
6,084|Individuals
£
5,078
-
-
5,078
Individuals
£
10,550
-
-
10,550|2022
£
9,558
1,186
380|
|---|---|---|---|
||||11,124|
||||2021
£
15,310
964
360|
||||16,634|
The charity has taken advantage of an exemption conferred by the Charities SORP and has not disclosed the names of some grant receiving institutions as they operate in territories where Christians are persecuted; the disclosure of this information would be prejudicial.
## **6 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
The average monthly number of employees during the year was 1 (2021: 1). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Company Information page.
During the year key management received employment benefits totalling £5,400 (2021: £16,825)
No trustees received employment benefits in either the current or preceding year.
10
## **Christian Fellowship in Richmond**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **7 Tangible fixed assets**
|Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Accumulated depreciation
At 1 January 2022
Charge for the year
Eliminated on disposal
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
**8**
**Debtors**
**Falling due within one year:**
Tax recoverable
Prepayments and accrued income
**9**
**Cash at Bank and in Hand**
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
**10**
**Creditors: liabilities falling due within one year**
Taxation and social security
Accruals
Grant obligations|Freehold
Property
£
307,732
-
-
307,732
59,989
3,382
-
63,371
244,361
247,743|Fixtures,
fittings and
equipment
£
42,966
-
(6,375)
36,591
41,709
453
(6,375)
35,788
804
1,257
2022
£
5,915
3,874
9,789
2022
£
119,956
71,582
-
191,538
2022
£
-
6,620
-
6,620|Total
2022
£
350,698
-
(6,375)|
|---|---|---|---|
||||344,323|
||||101,698
3,835
(6,375)|
||||99,159|
||||245,165|
||||249,000|
||||2021
£
10,614
3,263|
||||13,877|
||||2021
£
136,219
71,349
-|
||||207,568|
||||2021
£
2,686
1,500
1,800|
||||5,986|
11
## **Christian Fellowship in Richmond**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **11 Funds**
During the year the movements in the charity's funds were as follows:
|_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Mission
Youth & Children's work
Other
Aggregate of funds|Opening
balance
2022
£
463,352
463,352
-
707
400
1,107
464,459|Incoming
resources
2022
£
49,732
49,732
1,891
-
-
1,891
51,623|Outgoing
resources
2022
£
(73,881)
(73,881)
(1,891)
(138)
(300)
(2,329)
(76,210)|Transfers
in the year
2022
£
-
-
-
-
-
-
-|Closing
balance
2022
£
439,203|
|---|---|---|---|---|---|
||||||439,203|
||||||-
569
100|
||||||669|
||||||439,872|
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year|Unrestricted
General
funds
£
245,165
9,602
191,057
(6,620)
439,203|Restricted
funds
£
188
481
669|2022
£
245,165
9,789
191,538
(6,620)|
|---|---|---|---|
||||439,872|
In the previous year the movements in the charity's funds were as follows:
|_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Mission
Recording
Youth & Children's work
Other
Aggregate of funds|Opening
balance
2021
£
477,641
477,641
449
153
849
400
1,850
479,491|Incoming
resources
2021
£
50,367
50,367
2,650
2,650
53,017|Outgoing
resources
2021
£
(64,809)
(64,809)
(3,099)
(142)
(3,240)
(68,049)|Transfers
in the year
2021
£
153
153
-
(153)
-
-
(153)
-|Closing
balance
2021
£
463,352|
|---|---|---|---|---|---|
||||||463,352|
||||||-
-
707
400|
||||||1,107|
||||||464,459|
12
## **Christian Fellowship in Richmond**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|**lysis of net assets by fund**
e previous year, the assets and liabilities of the various funds were as follows:||||
|---|---|---|---|
|Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year|Unrestricted
General
funds
£
249,000
13,877
206,461
(5,986)
463,352|Restricted
funds
£
1,107
1,107|2021
£
249,000
13,877
207,568
(5,986)|
||||464,459|
## _Restricted Funds_
The Mission Fund includes donations restricted to the support of various mission partners. The Recording fund was to support the recording of sermons for distribution.
The Youth & Children's work fund is support the church's youth & children's ministry. Other restricted funds includes small donations with specific restrictions.
## **12 Transactions with related parties**
During the year the charity received donations totalling £3,400 (2021: £3,175) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
During the year the charity made a grant payment of £160 (2021 £nil) to Riverbank Trust. P Reekie, a trustee, is also a trustee of Riverbank Trust.
Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.
## **13 Members**
Each member of the company commits to contribute if the charity is wound up an amount of £1.
13
## **Christian Fellowship in Richmond**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Interest income
Other income
4
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
5
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
11
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
11||General
Restricted
2022
2022
£
£
42,897
1,891
257
6,578
49,732
1,891
73,881
2,329
73,881
2,329
(24,149)
(438)
-
-
(24,149)
(438)
463,352
1,107
439,203
669
Unrestricted funds|Total
2022
£
44,788
257
6,578
51,623
76,210
76,210
(24,587)
-
(24,587)
464,459
439,872|||General
Restricted
2021
2021
£
£
44,789
2,650
69
-
5,509
-
50,367
2,650
64,809
3,240
64,809
3,240
(14,442)
(590)
153
(153)
(14,288)
(743)
477,641
1,850
463,352
1,107
Unrestricted funds|Total
2021
£
47,439
69
5,509
53,017
68,049
68,049
(15,032)
-
(15,032)
479,491
464,459|
|---|---|---|---|---|---|---|---|
|||General
2022
£
42,897
257
6,578
49,732
73,881
73,881
(24,149)
-
(24,149)
463,352
439,203||||General
2021
£
44,789
69
5,509
50,367
64,809
64,809
(14,442)
153
(14,288)
477,641
463,352||
14