Registered Charity no. 1080002 

## **Hightworth Community Church** 

## **Trustees Annual Report and Accounts** 

**Year Ended 31st December 2020** 




## **Highworth Community Church** 

**Year Ended 31st December 2020** 

## **Contents Page** 

||**Page**|
|---|---|
|Legal and Administrative Information|**1**|
|Trustee's Annual Report|**2**|
|Independent Examiners Report|**4**|
|Statement of Financial Activities|**5**|
|Statement of Financial Position|**6**|
|Notes to the Financial Statements|**7**|





## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Legal and Administrative Information** 

## **Reference** 

The Charity is called “Highworth Community Church”.  The Church is registered with the Charity Commission for England and Wales and was registered on the 27th March 2000. 

**Registered Charity Number** 1080002 **Registered Office** 8 Sheep Street Highworth Swindon Wiltshire SN6 7AA **Website** www.highworthcommunitychurch.org/ **Trustees at 31st December 2020** Mike Wilson (Treasurer) Joanna Pearse (Chair) _Appointed Feb 2020_ Janet Hodgson Philip Smith Paul John Fisher Richard Christopher Wathen Brenda Savill **Primary Bankers** Santander UK plc Bridle Road Bootle Merseyside L30 4GB **Independent Examiner:** Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF 

1 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Trustee's Annual Report** 

## **Public Benefit Statement** 

In setting our objectives and planning our activities our trustees have given consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the Christian faith through the provision of worship and teaching services and the relief of sickness, financial hardship and promoting good health. This has been achieved by the provision of funds, and services. 

## **Financial Review** 

The financial activity for the charity during the year was a total surplus of £139,088 made up of an unrestricted surplus of £50,019 and a restricted surplus of £89,069. 

## **Going Concern** 

The Trustees are satisfied that the Charity is a going concern and do not know of any uncertainties regarding the organisations ability to continue operating as a going concern. 

## **Reserves Policy** 

The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. 

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. 

## **Objectives and Activities** 

A) To advance the Christian faith in accordance with the statement of beliefs in the schedule hereto in Wiltshire and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit. 

B) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said Wiltshire and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit. 

C) To promote and fulfil such other charitable purposes beneficial to the community in the said Wiltshire and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit. 

## **Achievement and Performance** 

2020 has been an unprecedented year, many would never have used that word but by the end of the year we were all using it.  Highworth Community Church (HCC) has had to change the way we meet.  Over much of the lock downs there were no face-to-face meeting but regular streaming and Zoom meetings allowed us to maintain much of the church’s work. 

Each Sunday has seen us having a streamed service with many of the church family taking part, allowing the leaders to not feel pressured to deliver everything, plus its meant that many of us will have seen each other via You Tube.  At the moment we are not sure as to when we will be able to meet again at Warneford School, but we are thankful that St Michaels church made their building available for us to meet. 

Services that we provide such as Food Collective, CAP (Christians against Poverty), and many different support groups have continued to provide loving encouragement in a Covid secure way.  During 2020 we have still managed to run many of our regular groups, Alpha, Training School and Prayer ministry via Zoom, which has enabled many to feel included.  There have been several events undertaken jointly with other Churches in Highworth, facilitating a closer working together at community events. 

2 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Trustee's Annual Report** 

Our Safeguarding Co-ordinator, Mr Val Savill had given us notice that he wished to step down, but due to Covid he continued in his role until October 2020 he has now handed over all his duties to Mr Paul Fisher.  We thank them both for all their dedication to this very important role. 

The trustees continue to develop an effective working relationship with the leadership team; building on the core strengths needed of maintaining good communication and a joint understanding of our individual roles. At the end of December, I decided that it is time for me to stand down as Trustee and Chairperson.  I accepted the position because I felt God had said that I should.  Now I feel he is saying it’s time to hand things over, and Mrs Joanna Pearse will be picking up the mantel of chairperson. 

In the coming year HCC plans to continue to support the local community through regular church gatherings online or in person as government restrictions allow. We plan to continue support groups and community services at The Bridge and in the wider community. As well as this we will be undertaking and encouraging mission opportunities locally, nationally and around the world. 

## **Trustees’ Responsibilities** 

The 2011 Charities Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:- 

- Select suitable accounting policies and apply them consistently. 

- Make judgments and estimates that are reasonable and prudent. 

- Prepare financial statements on the ongoing concern basis unless it is inappropriate to presume that the trust will continue in existence. 

- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust.  They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 


Signed on behalf of the Trustees……………………………………………………… 

## Richard Wathen 

Name of Trustee ……………………………………………………………………….. 

## 30/09/2021 

Date:………………………………………….. 

3 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Independent Examiners Report** 

I report to the trustees on my examination of the financial statements of Highworth Community Church ('the charity') for the year ended 31 December 2020. 

## **Responsibilities and basis of report** 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity's financial statements 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 confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

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: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements 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. 


Nigel Wyatt BSC FCA Date: 30/09/2021 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF 

4 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Statement of Financial Activities** 

||||**2020**||2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|**Total**||
|||Funds|Funds|**Funds**|Total funds|
||**Note**|£|£|**£**|£|
|**Income**||||||
|Donations and legacies||1 26,325<br>|131,558<br>|**257,883**|161,461|
|Charitable activities|**2**|2 1,013<br>|-<br>|**21,013**|24,703|
|Investment Income||21<br>7<br>|-<br>|**217**|161|
|||──────────|──────────|──────────|──────────|
|**Total Income**||14<br>7,555<br>|131,558<br>|**279,113**|186,325|
|||──────────|──────────|──────────|──────────|
|**Expenditure**||||||
|Expenditure on charitable activities|**3**|14<br>9,249<br>|45,927<br>|**195,176**|183,365|
|||──────────|──────────|──────────|──────────|
|**Total Expenditure**||14<br>9,249<br>|45,927<br>|**195,176**|183,365|
|||──────────|──────────|──────────|──────────|
|||──────────|──────────|──────────|──────────|
|**Net income / (expenditure)**||(1,694)<br>|85,631<br>|**83,937**|2,960|
|||──────────|──────────|──────────|──────────|
|**Net income and net movement in funds**||||||
|Total funds brought forward|**11**|52<br>,838<br>|2,313<br>|**55,151**|52,191|
|Transfers|**11**|(1,125)<br>|1,125<br>|**-**|-|
|||──────────|──────────|──────────|──────────|
|**Total funds carried forward**|**11**|50<br>,019<br>|89,069<br>|**139,088**|**55,151**|
|||──────────|──────────|──────────|──────────|



All income and expenditure derive from continuing activities. 

The statement is a combined Statement of Financial Activities and Income and Expenditure Account for the purposes of meeting both companies act and charity SORP reporting requirements. 

5 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Statement of Financial Position** 

|**Statement of Financial Position**||||
|---|---|---|---|
|||**2020**|2019|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible Fixed Assets|**8**<br>|8,036<br>|7,116|
|**Current assets**||||
|Debtors|**9**<br>|3,665<br>|3,103|
|Cash at bank and in hand||130,664<br>|47,466|
|||──────────|──────────|
|||134,329<br>|50,569|
|**Creditors: amounts falling due within one year**|**10**<br>|3,278<br>|2,534|
|||──────────|──────────|
|**Net current assets**||131,052<br>|48,035|
|||──────────|──────────|
|**Total assets less current liabilities**||139,088<br>|55,151|
|||──────────|──────────|
|**Net assets**|**12**<br>|**139,088**<br>|**55,151**|
|||──────────|──────────|
|**Funds of the charity**||||
|Restricted funds|**11**|89,069|2,313|
|Unrestricted funds|**11**|||
|Unrestricted General||18,786|25,233|
|Designated Funds||31,233|27,605|
|||──────────|──────────|
|||50,019|52,838|
|||──────────|──────────|
|**Total charity funds**||**139,088**|**55,151**|
|||──────────|──────────|



## **Directors Responsibilities** 

These financial statements were approved by the board of trustees and authorised for issue : 

## **Name of Trustee:** 


─────────────────────────────────────────────────── 

**Signed on behalf of the Trustees: Date of approval:** 

## Richard Wathen 

─────────────────────────────────────────────────── 

## 30/09/2021 

─────────────────────────────────────────────────── 

6 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

## **Basis of Preparation** 

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011. 

## **Assessment of Going Concern** 

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. 

## **Fund Accounting** 

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often know as a ‘special offering’ in the church. 

Further explanation of the nature and purpose of each fund is included in the notes to the accounts. 

## **Incoming Resources** 

All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability. 

• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities. 

• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant. 

• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement). 

• Donated services and facilities are included at the value to the charity where this can be quantified. 

• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. 

• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustees annual report. 

• Investment Income is included in the accounts when receivable. 

7 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

## **Resources expended** 

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty. 

## **Governance Costs** 

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters. 

## **Liability Recognition** 

Abilities are recognised as soon as there Is a legal or constructive obligation committing the charity to pay out resources. 

## **Tangible fixed assets** 

All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time estimated useful live of the asset. 

Equipment 20% Reducing Balance 

## **Pensions** 

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. 

## **Operating Leases** 

Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease. 

## **Taxation** 

The charity Is exempt from tax on its charitable activities. 

8 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

|**2 **|**Analysis of Income**||||
|---|---|---|---|---|
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2020**|
|||£|£|**£**|
||**Donations and legacies**||||
||Donations|104,479<br>|130,659|**235,138**|
||Gift Aid|19,496<br>|899|**20,395**|
||Donated Goods and Services|-<br>|-|**-**|
||Grants|2,350<br>|-|**2,350**|
|||──────────|──────────|<br>──────────|
|||126,325<br>|131,558|**257,883**|
||**Charitable activities**||||
||Churches Together recharges|19,779<br>|-|**19,779**|
||Books and Resources|945<br>|-|**945**|
||Events and projects|-<br>|-|**-**|
||The Bridge|290<br>|-|**290**|
|||──────────|──────────|<br>──────────|
|||21,013<br>|-|**21,013**|
||**Investment Income**||||
||Interest|217<br>|-|**217**|
|||──────────|──────────|<br>──────────|
|||217<br>|-|**217**|
|||──────────|──────────|<br>──────────|
||**Total Income**|**147,338**<br>|**131,558**|**278,896**|
|||──────────|──────────|<br>──────────|



9 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

|**2 **|**Analysis of Income****_(Continued)_**||||
|---|---|---|---|---|
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2019**|
|||£|£|**£**|
||**Donations and legacies**||||
||Donations|127,029<br>|8,811|**135,840**|
||Gift Aid|24,316<br>|1,305|**25,621**|
||Donated Goods and Services|-<br>|-|**-**|
||Grants|-<br>|-|**-**|
|||──────────|──────────|<br>──────────|
|||151,345<br>|10,116|**161,461**|
||**Charitable activities**||||
||Churches Together recharges|18,137<br>|-|**18,137**|
||Books and Resources|2,832<br>|-|**2,832**|
||Events and projects|3,088||**3,088**|
||The Bridge|646<br>|-|**646**|
|||──────────|──────────|<br>──────────|
|||24,703<br>|-|**24,703**|
||**Investment Income**||||
||Interest|161<br>|-|**161**|
|||──────────|──────────|<br>──────────|
|||161<br>|-|**161**|
|||──────────|──────────|<br>──────────|
||**Total Income**|**176,209**<br>|**10,116**|**186,325**|
|||──────────|──────────|<br>──────────|



10 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

## **3 Expenditure on charitable activities by fund type** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2020**|
||£|£|**£**|
|Church Gifts and Giving|12,662<br>|23,698|**36,360**|
|Depreciation|2,009<br>|-|**2,009**|
|Church and Ministry Expenditure|30,018<br>|-|**30,018**|
|Premises and Office Costs|-<br>|22,229|**22,229**|
|Projects & Events|9,293<br>|-|**9,293**|
|Staff Salaries|95,267<br>|-|**95,267**|
||──────────|──────────|<br>──────────|
||149,249<br>|45,927|**195,176**|
||──────────|──────────|<br>──────────|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2019**|
||£|£|**£**|
|Church Gifts and Giving|9,004<br>|13,016|**22,020**|
|Depreciation|1,779<br>|-|**1,779**|
|Church and Ministry Expenditure|16,785<br>|-|**16,785**|
|Premises and Office Costs|21,136<br>|-|**21,136**|
|Projects & Events|29,039<br>|1,262|**30,301**|
|Staff Salaries|91,344<br>|-|**91,344**|
||──────────|──────────|<br>──────────|
||169,087<br>|14,278|**183,365**|
||──────────|──────────|<br>──────────|



## **4 Volunteers** 

The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation. 

## **5 Independent examination fees** 

Fees payable to the independent examiner for: 

**2020** 2019 **£** £ Independent examination and preparation of the financial 1,260 1,050 statements 

11 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

## **6 Staff costs** 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||**2020**|2019|
|---|---|---|
||**£**|£|
|Wages and salaries|90,449<br>|86,262|
|Social security costs|2,251<br>|2,858|
|Employer contributions to pension plans|2,567<br>|2,317|
||──────────|──────────|
||95,267<br>|91,437|
||──────────|──────────|



The average head count of employees during the year was as follows: 

||**2020**|2019|
|---|---|---|
|Average Head Count|6|6|



No employee received employee benefits of more than £60,000 during the year was as follows: 

||**2020**|2019|
|---|---|---|
|More than £60,000|0|0|



## **Key Management Personnel** 

The charity considers its key management personnel to be the full staff team. The remuneration recived by the full staff team is noted above. 

## **7 Trustee remuneration, expenses and donations** 

During the year one trustees incurred out of pocked expenses totalling £170 which were all incurred for the day to day running of the charity's activities. The types of expenditure include travel costs, ministry costs, building expenses and other charitable activity expenditure. 

During the year the total aggregated donations made to the charity by the trustee's during the year was £19,444. 

12 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

|**8 **|**Tangible Fixed Assets**|||
|---|---|---|---|
|||Equipment|**Total**|
|||£|**£**|
||Cost as at 1st January 2020|22,283<br>|22,283|
||Additions|2,929<br>|2,929|
|||──────────|──────────|
||Cost as at 31st December 2020|**25,212**<br>|**25,212**|
|||──────────|──────────|
||Depreciation as at 1st January 2020|15,167<br>|15,167|
||Depreciation Charge|2,009<br>|2,009|
|||──────────|──────────|
||Depreciation as at 31st December 2020|**17,176**<br>|**17,176**|
|||──────────|──────────|
|||──────────|──────────|
||Net Book Value as at 31st December 2020|**8,036**<br>|**8,036**|
|||──────────|──────────|
||Net Book Value as at 31st December 2019|7,116<br>|7,116|
|**9 **|**Debtors**|||
|||**2020**|2019|
|||**£**|£|
||Acrued Income|2,084<br>|1,551|
||Trade Debtors|1,581<br>|1,552|
|||──────────|──────────|
|||3,665<br>|3,103|
|||──────────|──────────|
|**10 **|**Creditors: amounts falling due within one year**|||
|||**2020**|2019|
|||**£**|£|
||Accruals|1,260<br>|1,050|
||Social Security PAYE and NI|2,018<br>|1,484|
|||──────────|──────────|
|||3,278<br>|2,534|
|||──────────|──────────|



13 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

## **11 Analysis of Charitable Funds** 

## **Unrestricted Funds** 

|**Unrestricted Funds**|||||||
|---|---|---|---|---|---|---|
||1 Jan 2020|Income|Expenditure|Gains/Loses|Transfers|**31 Dec 2020**|
||£|£|£|£|£|**£**|
|**Unrestricted**|||||||
|General|25,233<br>|134,611|(139,933)|-<br>|(1,125)|**18,786**|
||──────────|──────────|──────────|<br>──────────|──────────|<br>──────────|
||**25,233**<br>|**134,611 **|**(139,933)**|**-**<br>|**(1,125)**|**18,786**|
|**Designated**|||||||
|Mission Emergency|1,000<br>|2,050|-|-<br>|-|**3,050**|
|Projects & Events|6,159<br>|10,894|(9,293)|-<br>|-|**7,760**|
|The Bridge Expansion|421<br>|-<br>|(24)|-<br>|-|**397**|
|Reserves|20,000<br>|-|-|-<br>|-|**20,000**|
|Travel Enabler|25<br>|-|-|-<br>|-|**25**|
||──────────|──────────|──────────|<br>──────────|──────────|<br>──────────|
||**27,605**<br>|**12,944 **|**(9,316)**|**-**<br>|**-**|**31,233**|
||──────────|──────────|──────────|<br>──────────|──────────|<br>──────────|
|**Total Unrestricted**|**52,838**<br>|**147,555 **|**(149,249)**|**-**<br>|**(1,125)**|**50,019**|
||──────────|──────────|──────────|<br>──────────|──────────|<br>──────────|
|**Restricted Funds**|||||||
|Christians Against<br>Poverty (CAP)|2,288<br>|13,847|(13,987)|-<br>|-|**2,148**|
|Richard Hill Mission|-<br>|1,050|(1,125)|-<br>|75|**-**|
|Education plus|25<br>|-|-|-<br>|-|**25**|
|Benefaction Fund|-<br>|109,125|(22,229)|-<br>|-|**86,896**|
|Moldova Gifts|-<br>|7,535|(8,585)|-<br>|1,050|**-**|
||──────────|──────────|──────────|<br>──────────|──────────|<br>──────────|
|**Total Restricted**|**2,313**<br>|**131,558 **|**(45,927)**|**-**<br>|**1,125**|**89,069**|
||──────────|──────────|──────────|<br>──────────|──────────|<br>──────────|
||──────────|──────────|──────────|<br>──────────|──────────|<br>──────────|
|**Total Funds**|**55,151**<br>|**279,113 **|**(195,176)**|**-**<br>|**-**|**139,088**|
||──────────|──────────|──────────|<br>──────────|──────────|<br>──────────|



14 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

## **Fund Descriptions** 

## **Designated Funds** 

Mission Emergency Projects & Events 

The Bridge Expansion 

Fund to support mission in the UK and abroad where a need arises Fund for projects and events that further the charitable aims of the trust 

Monies donated to make improvements to the buildings in Sheep Street 

Reserves 

Designated reserves held asigned by the turstees away from the general fund. 

## **Restricted Funds** 

Christians Against Poverty (CAP) Funds to further the work Richard Hill Mission Funds to support Richard Hill Education plus Funds to support the work of Education Plus Benefaction Fund Monies donated to the church by an anonymous benefactor Moldova Gifts Fund for gifts and mission wrok in Moldova 

## **Fund Transfers** 

Moldova  Gifts Transfer from general to the restricted fund to up the funds to a nil balance. Richard Hill Mission Transfer from general to the restricted fund to up the funds to a nil balance. 

## **12 Analysis of net assets between funds** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2020**|
||£|£|**£**|
|Fixed Assets|8,036<br>|-|**8,036**|
|Current Assets|45,261<br>|89,069|**134,329**|
|Creditors less than 1 year|(3,278)<br>|-<br>|**(3,278)**|
||──────────|──────────|<br>──────────|
||50,019<br>|89,069|**139,088**|
||──────────|──────────|<br>──────────|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2019|
||£|£|£|
|Fixed Assets|7,116<br>|-|7,116|
|Current Assets|48,256<br>|2,313|50,569|
|Creditors less than 1 year|(2,534)<br>|-<br>|(2,534)|
||──────────|──────────|<br>──────────|
||52,838<br>|2,313|55,151|
||──────────|──────────|<br>──────────|



15 



## **Highworth Community Church** 

## **Year Ended 31st December 2020** 

## **Notes to the Financial Statements** 

## **13 Related party transactions** 

There were no related party transactions which took place during the year (2019: £0) 

## **14 Operating lease** 

The total future minimum lease payments under non-cancellable operating leases are as follows: 

||**£**|
|---|---|
|No later than 1 year|14,400|
|Later than 1 year but less than 5 years|72,000|
|Greater than 5 years|13,200|
||──────────|
||**99,600**|
||──────────|



## **15 Prior Period Adjustment** 

The opening fund balances as at the 1st of January 2020 have been corrected within this set of accounts to reflected the correct closing fund balances for year ending 31st December 2019. Highlighted below are the original and corrected fund balances. 

||**Restated**|**Original**|**Movement**|
|---|---|---|---|
||1 Jan 2020|1 Jan 2020||
|**Unrestricted**|£|£|£|
|General|25,233|23,705|1,528|
|**Designated**||||
|Projects & Events|6,159|-|6,159|
|The Bridge Expansion|421|421|(0)|
|Travel Enabler|25|-|25|
|Gift Day|-|6,665|(6,665)|
|Spree|-|369|(369)|
|Website Upgrade|-|236|(236)|
|**Restricted Funds**||||
|Christians Against Poverty (CAP)|2,288|2,536|(248)|
|Education plus|25|-|25|
|Gloucester House|-|51|(51)|
|Natalie on Mission|-|25|(25)|
|Little Treasures|-|142|(142)|



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