Charity registration number: 1072981
WESSEX CLOSE CHRISTIAN FELLOWSHIP
Annual Report and Financial Statements for the Year Ended 31 December 2021
Contents
| Contents | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 14 |
Reference and Administrative Details
Trustees
Barry Alan Darling Kenneth Golding (Chair of Trustees) Ebow Essel Robert Michael
Principal Office
Wessex Close Basingstoke Hampshire England RG21 3NP
Charity Registration Number
1072981
Independent Examiner
Kolade Andrew Alli ACMA KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
Page 1
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2021.
Objectives and activities
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Church attendance:
Over the past year church attendance in person has been gradually returning to pre-Covid levels and with new members, only a very small number of people are still using our online facility for services being broadcast.
Trustees Meetings:
Regular Trustee meetings have been held over the past year, and short notice meetings have been held as well to address necessary issues that arose during the year.
Evangelistic Missions
This year we’ve organized an Alpha course which had between 10 to 15 people attend. And out of that number, 4 of them made a personal decision to become followers of Jesus Christ and become part of our local church community.
As a local church community, we have engaged in three weeks of evangelistic campaigns during the year. The first two involved members from our community and one or two people from other churches. These first two missions were held daily from Monday through to Friday and involved various teams going out to connect and share the Christian faith with our local community. The final campaign which was held in the month of November involved our church hosting a Christian missions organization called Through faith Missions, with four
other local church participation as well. The missions started on a Saturday and finished a week later on Sunday.
Baptisms:
After the completion of the Alpha course, held in our church, we organized a full immersion water baptism which 7 people participated in, held at the beach in the month of July.
Page 2
Trustees' Report
Community work:
The church provides space for BESOM, a community group supplying essentials to vulnerable families and individuals. Our church community participated in the delivery of Christmas hampers within the Basingstoke town. Financial assistance has been given to the Basingstoke Food Bank in their outreach to the increasing number of local people in need of support.
Our church continues to provide a safe space for the Hungarian Community School. We have been giving financially to support our local food bank this year as part of the work we are doing in impacting our local community positively with the Love of God. We have also been financially and prayerfully supporting the Christians Against Poverty organization to aid them in tackling the poverty situation within the UK.
Overseas mission:
As a local church we have also been financially supporting monthly two overseas missions. The first being the Star of Hope foundation, an orphanage in Bulgaria. The second being ongoing mission work going in Lebanon, coordinated by an Assemblies of God UK International mission’s coordinator Magdy Tawfik.
Pastor Ebow Essel
On behalf of the Trustees
The annual report was approved by the trustees of the charity on 21 January 2022 and signed on its behalf by:
Page 3
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 21 January 2022 and signed on its behalf by:
Page 4
Independent Examiner's Report to the trustees of WESSEX CLOSE CHRISTIAN FELLOWSHIP
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 6 to 14.
Respective responsibilities of trustees and examiner
As the charity’s trustees of WESSEX CLOSE CHRISTIAN FELLOWSHIP 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 WESSEX CLOSE CHRISTIAN FELLOWSHIP's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 WESSEX CLOSE CHRISTIAN FELLOWSHIP 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 accounting 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.
...................................... Kolade Andrew Alli ACMA
KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
- 21 January 2022
Page 5
Statement of Financial Activities for the Year Ended 31 December 2021
| Statement of Financial Activities for the Year Ended 31 December 2021 |
Statement of Financial Activities for the Year Ended 31 December 2021 |
|---|---|
| Unrestricted funds Total 2021 Total 2020 |
|
| Note £ £ £ |
|
| Income and Endowments from: | |
| Charitable activities | 72,149 72,149 92,918 |
| Expenditure on: | |
| Charitable activities | (61,512) (61,512) (76,040) |
| Total expenditure | |
| (61,512) (61,512) (76,040) |
|
| Gains/losses on investment assets | 453,000 453,000 - |
| Net income | |
| 463,637 463,637 16,878 |
|
| Prior-period fund adjustments | 9,913 9,913 - |
| Net movement in funds | |
| 473,550 473,550 16,878 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 619,624 619,624 602,746 |
|
| Total funds carried forward 10 |
|
| 1,093,174 1,093,174 619,624 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2020 is shown in note 10.
Page 6
(Registration number: 1072981) Balance Sheet as at 31 December 2021
| (Registration number: 1072981) Balance Sheet as at 31 December 2021 |
(Registration number: 1072981) Balance Sheet as at 31 December 2021 |
|---|---|
| 2021 2020 |
|
| Note £ £ |
|
| Fixed assets | |
| Tangible assets 6 |
956,637 504,849 |
| Current assets | |
| Debtors 7 |
8,726 3,973 |
| Cash at bank and in hand 8 |
127,811 113,932 |
| 136,537 117,905 |
|
| Creditors: Amounts falling due within oneyear 9 |
|
| - (3,130) |
|
| Net currentassets | |
| 136,537 114,775 |
|
| Netassets | |
| 1,093,174 619,624 |
|
| Funds of the charity: | |
| Unrestricted income funds | |
| Unrestricted funds | 640,174 619,624 |
| Revaluation reserve | 453,000 - |
| Total unrestricted funds | |
| 1,093,174 619,624 |
|
| Total funds 10 |
|
| 1,093,174 619,624 |
The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on 21 January 2022 and signed on their behalf by:
Page 7
Notes to the Financial Statements for the Year Ended 31 December 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
WESSEX CLOSE CHRISTIAN FELLOWSHIP meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Furniture and Equipment - 25% on reducing balance
Page 8
Notes to the Financial Statements for the Year Ended 31 December 2021
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Page 9
Notes to the Financial Statements for the Year Ended 31 December 2021
2 Income from charitable activities
| 2 Income from charitable activities |
|
|---|---|
| Unrestricted | |
| funds Total Total |
|
| General 2021 2020 |
|
| £ £ £ |
|
| General Offering and Gifts | 60,515 60,515 65,517 |
| Cash Collections | 1,080 1,080 2,124 |
| Special-appeal | - - 4,500 |
| Gift Aid tax reclaimed | 10,137 10,137 12,916 |
| Church Hall Hire | 160 160 350 |
| Toddler Group (Twinkling Stars) | - - 203 |
| Other Events Income | - - 60 |
| Insurance Claims | - - 6,734 |
| Bank interest receivable | 257 257 514 |
| 72,149 72,149 92,918 |
Page 10
Notes to the Financial Statements for the Year Ended 31 December 2021
3 Expenditure on charitable activities
| 3 Expenditure on charitable activities |
|
|---|---|
| Unrestricted | |
| funds Total Total |
|
| General 2021 2020 |
|
| £ £ £ |
|
| Welfare Fund | - - 420 |
| Wages and salaries | 23,526 23,526 22,775 |
| Staff NIC (Employers) | 6,483 6,483 6,121 |
| Staff pensions | 1,733 1,733 1,654 |
| AoG Contribution | 1,584 1,584 1,584 |
| Gifts to various guest speakers and other | |
| missions | 3,490 3,490 1,052 |
| Missions | 7,898 7,898 12,095 |
| Pastor’s expenses | 869 869 3,905 |
| Administration and Overheads | 129 129 485 |
| Events | 106 106 - |
| Telephone | 629 629 904 |
| Website | 360 360 701 |
| Depreciation of office equipment | 1,212 1,212 1,617 |
| Training | 2,193 2,193 - |
| Software and licenses | 1,430 1,430 1,347 |
| Youth and Children's work | - - 220 |
| Insurance | 1,022 1,022 1,435 |
| Repairs & maintenance | 2,705 2,705 10,754 |
| Utilities | 4,493 4,493 8,271 |
| Independent examiner's fee | 700 700 700 |
| Legal andprofessional fees | 950 950 - |
| 61,512 61,512 76,040 |
Page 11
Notes to the Financial Statements for the Year Ended 31 December 2021
4 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
Ebow Essel Ebow Essel received remuneration of £31,000 (2020: £29,841) during the year.
Page 12
Notes to the Financial Statements for the Year Ended 31 December 2021
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Tangible fixed assets
| 6 Tangible fixed assets |
6 Tangible fixed assets |
|---|---|
| Land and buildings Furniture and equipment Total |
|
£ £ £ |
|
| Cost | |
| At 1 January 2021 500,000 6,466 506,466 |
|
| Revaluations 453,000 - 453,000 |
|
| At 31 December 2021 953,000 6,466 959,466 |
|
| Depreciation | |
| At 1 January 2021 - 1,617 1,617 |
|
| Charge for theyear - 1,212 1,212 |
|
| At 31 December 2021 - 2,829 2,829 |
|
| Net book value | |
| At 31 December 2021 953,000 3,637 956,637 |
|
| At 31 December 2020 500,000 4,849 504,849 |
|
| 7 Debtors |
|
| 2021 2020 |
|
| £ £ |
|
| Other debtors | 8,726 3,973 |
| 8 Cash and cash equivalents |
|
| 2021 2020 |
|
| £ £ |
|
| Cash at bank | 127,811 113,932 |
| 9 Creditors: amounts falling due within one year |
|
| 2021 2020 |
|
| £ £ |
|
| Other loans | - 3,130 |
Page 13
Notes to the Financial Statements for the Year Ended 31 December 2021
10 Funds
| 10 Funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Other | |||||||||
| Balance at | Prior | recognised | |||||||
| 1 January | Incoming | Resources | period | gains/(los | |||||
| 2021 £ |
resources £ |
expended £ |
fund adj £ |
ses) £ |
|||||
| Unrestricted funds | |||||||||
| General | 619,624 | 72,149 | (61,512) | 9,913 | 453,000 | ||||
| Balance at 31 | |||||||||
| December | |||||||||
| 2021 | |||||||||
| £ | |||||||||
| Unrestricted funds | |||||||||
| General | 1,093,174 | ||||||||
| Balance at 31 | |||||||||
| Balance at 1 January 2020 £ |
Incoming resources £ |
Resources expended £ |
December 2020 £ |
||||||
| Unrestricted funds | |||||||||
| General | 602,746 | 92,918 | (76,040) | 619,624 |
Page 14