Registered Charity no. 1080002 

## **Highworth Community Church Trustees Annual Report and Accounts** 

**Year Ended 31st December 2021** 




## **Highworth Community Church** 

**Year Ended 31st December 2021** 

## **Contents Page** 

||**Page**|
|---|---|
|Legal and Administrative Information|**1**|
|Trustee's Annual Report|**2**|
|Independent Examiners Report|**5**|
|Statement of Financial Activities|**6**|
|Statement of Financial Position|**7**|
|Notes to the Financial Statements|**8**|





## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **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** 

## **Registered Office** 

1080002 8 Sheep Street Highworth Swindon Wiltshire SN6 7AA 

## **Website** 

www.highworthcommunitychurch.org/ 

## **Trustees at 31st December 2021** 

## **Primary Bankers** 

## **Independent Examiner** 

Joanna Pearse _Chair Appointed Feb 2020_ Richard Wathen _Treasurer_ Janet Hodgson Philip Smith Paul Fisher Santander UK plc Bridle Road Bootle Merseyside L30 4GB Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF 

1 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **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. 

## **Organisational structure; recruitment, appointment and induction of new trustees** 

There are 5 Trustees of the Charity assisted by a Trust Administrator (employed). 

The Trustees ensure that the work of the Charity complies with its aims and objectives, keep policies and procedures up to date, including staff pay and contracts and risk management and have oversight and management of the finances of the Church. Our AGM is open to all church goers. 

The Trustees work closely with the Church Leadership Team. 

## **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** 

The Trustees continued to meet regularly throughout 2021, either on-line or in-person, and also with the Church Leaders on several occasions. I (Joanna Pearse) succeeded Brenda Savill at the turn of the year, and Richard Wathen succeeded Mike Willson as Treasurer; we are grateful for all that Brenda and Mike contributed in their respective roles over the years. 

While we began the year with on-line church services streamed on our YouTube channel, as restrictions permitted we were increasingly able to meet in-person. Visiting speakers were able to come in-person too, rather than joining us on-line. 

While still on-line, we held a successful day conference for the whole church, with activities arranged for children, youth and adult members of the Church. 

2 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Trustee's Annual Report** 

We have been able to keep The Bridge, our Community drop-in Centre open all year round, providing services ranging from photocopying or a listening ear with a hot drink to Food Collective, help with form filling and signposting to other services available such as CAP, Job Club and Alpha. 

The Church led 3 missions in the local community during the year as well as supporting local families through the ‘Sanctuary’ project. We have supported missionaries both in the UK and overseas, and some specific projects overseas including in Mozambique, Burundi and Moldova where we have personal connections. We ran various courses, including Alpha, Kintsugi Hope, Leadership Training and Life Languages and broadened the range of prayer ministry appointments we can offer. 

## **Plans for the future** 

As we pursue our aims as a church community, we want to continue be able to respond to needs as and when they arise. 

In particular, in the aftermath of Covid 19, we will continue to support the local community with the onset of the cost of living crisis. And we will further our work with Ukrainians who have recently arrived in our area, supporting them as they settle in to the country, learn the language, find employment and enable them keep connected with fellow Ukrainians both here and with those who are currently scattered across the world. 

## **Financial Review** 

The financial position of the charity at 31st December 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows: 

|Net income / (expenditure)<br>The fund balances at the year end were as follows:<br>Unrestricted Funds<br>Restricted Funds<br>Total|2021<br>2020<br>£<br>£<br>**6,205**<br>**83,937**<br>2021<br>2020<br>£<br>£<br>76,161<br>50,019<br>69,132<br>89,069|
|---|---|
||**145,293**<br>**139,088**|



## **Going Concern** 

The Trustee's 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. 

3 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Trustee's Annual Report** 

## **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. At the end of the year the total unrestricted funds held by the church were £76,161. Of this £25,000 is held specificly to ensure the church holds adiquate resveres. 

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. 

## **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. 

## **Approved by the Trustees** 

**Name of Trustee:** 

Joanna C Pearse 

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

**Signed on behalf of the Trustees:** 


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

**Date of approval:** 

05/10/2022 

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

4 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **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 2021. 

## **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: 05/10/2022 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF 

5 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Statement of Financial Activities** 

|**Statement of Financial Activities**||||||
|---|---|---|---|---|---|
||||**2021**||2020|
|||Unrestricted|Restricted|**Total**||
|||Funds|Funds|**Funds**|Total funds|
||**Note**|£|£|**£**|£|
|**Income**||||||
|Donations and legacies||154,533|3,317|**157,850**|257,883|
|Charitable activities|**2**|20,821|25|**20,846**|21,013|
|Investment Income||183|-|**183**|217|
|||──────────|──────────|──────────|──────────|
|**Total Income**||175,538|3,342|**178,879**|279,113|
|||──────────|──────────|──────────|──────────|
|**Expenditure**||||||
|Expenditure on charitable activities|**3**|149,270|23,404|**172,674**|195,176|
|||──────────|──────────|──────────|──────────|
|**Total Expenditure**||149,270|23,404|**172,674**|195,176|
|||──────────|──────────|──────────|──────────|
|||──────────|──────────|──────────|──────────|
|**Net income / (expenditure)**||26,267|(20,062)|**6,205**|83,937|
|||──────────|──────────|──────────|──────────|
|**Net income and net movement in funds**||||||
|Total funds brought forward|**11**|50,019|89,069|**139,088**|55,151|
|Transfers|**11**|(125)|125|**(0)**|-|
|||──────────|──────────|──────────|──────────|
|**Total funds carried forward**|**11**|76,161|69,132|**145,293**|**139,088**|
|||──────────|──────────|──────────|──────────|



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. 

6 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Statement of Financial Position** 

|**Statement of Financial Position**||||
|---|---|---|---|
|||**2021**|2020|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible Fixed Assets|**8**|8,647|8,036|
|**Current assets**||||
|Debtors|**9**|8,201|3,665|
|Cash at bank and in hand||129,768|130,664|
|||──────────|──────────|
|||137,969|134,329|
|**Creditors: amounts falling due within one year**|**10**|1,323|3,278|
|||──────────|──────────|
|**Net current assets**||136,646|131,052|
|||──────────|──────────|
|**Total assets less current liabilities**||145,293|139,088|
|||──────────|──────────|
|**Net assets**|**12**|**145,293**|**139,088**|
|||──────────|──────────|
|**Funds of the charity**||||
|Restricted funds|**11**|69,132|89,069|
|Unrestricted funds|**11**|||
|Unrestricted General||45,218|18,786|
|Designated Funds||30,943|31,233|
|||──────────|──────────|
|||76,161|50,019|
|||──────────|──────────|
|**Total charity funds**||**145,293**|**139,088**|
|||──────────|──────────|



## **Directors Responsibilities** 

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


**----- Start of picture text -----**<br>
Joanna C Pearse<br>Name of Trustee:<br>───────────────────────────────────────────────────<br>Signed on behalf of the Trustees:<br>───────────────────────────────────────────────────<br>Date of approval: 05/10/2022<br>───────────────────────────────────────────────────<br>**----- End of picture text -----**<br>


7 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **1 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. 

8 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **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** 

Liabilities 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. 

9 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **2 Analysis of Income** 

|**Analysis of Income**||||
|---|---|---|---|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2021**|
||£|£|**£**|
|**Donations and Legacies**||||
|Donations|134,202|2,228|**136,430**|
|Gift Aid|20,331|239|**20,570**|
|Grants|-|850|**850**|
||──────────|──────────|──────────|
||154,533|3,317|**157,850**|
|**Charitable Activities**||||
|Churches Together recharges|20,364|-|**20,364**|
|Books and Resources|457|-|**457**|
|Events and Projects|-|25|**25**|
|Projects and Events|-|-|**-**|
||──────────|──────────|──────────|
||20,821|25|**20,846**|
|**Investment Income**||||
|Interest|183|-|**183**|
||──────────|──────────|──────────|
||183|-|**183**|
||──────────|──────────|──────────|
|**Total Income**|**175,538**|**3,342**|**178,879**|
||──────────|──────────|──────────|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2020**|
||£|£|**£**|
|**Donations and Legacies**||||
|Donations|104,479|130,659|**235,138**|
|Gift Aid|19,496|899|**20,395**|
|Grants|2,350|-|**2,350**|
||──────────|──────────|──────────|
||126,325|131,558|**257,883**|
|**Charitable Activities**||||
|Churches Together recharges|19,779|-|**19,779**|
|Books and Resources|945|-|**945**|
|Events and Projects|-|-|**-**|
|The Bridge|290|-|**290**|
||──────────|──────────|──────────|
||21,013|-|**21,013**|
|**Investment Income**||||
|Interest|217||**217**|
||──────────|──────────|──────────|
||217|-|**217**|
||──────────|──────────|──────────|
|**Total Income**|**147,555**|**131,558**|**279,113**|
||──────────|──────────|──────────|



10 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

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

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|Church Gifts and Giving|13,457|2,295|**15,752**|
|Depreciation|2,162|-|**2,162**|
|Church and Ministry Expenditure|13,540|-|**13,540**|
|Premises and Office Costs|10,543|21,109|**31,652**|
|Projects & Events|13,837|-|**13,837**|
|Staff Salaries|95,732|-|**95,732**|
||──────────|──────────|──────────|
||149,270|23,404|**172,674**|
||──────────|──────────|──────────|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2020**|
||£|£|**£**|
|Church Gifts and Giving|12,662|23,698|**36,360**|
|Depreciation|2,009|-|**2,009**|
|Church and Ministry Expenditure|30,018|-|**30,018**|
|Premises and Office Costs|-|22,229|**22,229**|
|Projects & Events|9,293|-|**9,293**|
|Staff Salaries|95,267|-|**95,267**|
||──────────|──────────|──────────|
||149,249|45,927|**195,176**|
||──────────|──────────|──────────|



## **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: 

|**Independent examination fees**<br>Fees payable to the independent examiner for:|||
|---|---|---|
||**2021**|2020|
||**£**|£|
|Independent examination and preparation of the financial<br>statements|1,323|1,260|



11 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **6 Staff costs** 

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

||**2021**|2020|
|---|---|---|
||**£**|£|
|Wages and salaries|93,383|90,449|
|Social security costs|2,536|2,251|
|Employer contributions to pension plans|2,660|2,567|
||──────────|──────────|
||98,580|95,267|
||──────────|──────────|



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

Average Head Count 

|s:||
|---|---|
|**2021**|2020|
|6|6|



Two employees work for Highworth Churches Together to run a Chrsitian Against Poverty (CAP) Centre, they sit on Highworth Community Church payroll but the cost of their salary is recharged to Highworth Churches Together. 

Number of employees received employee benefits of more than £60,000 during the year was as follows: 

||**2021**|2020|
|---|---|---|
|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 no trustees incurred out of pocked expenses (2020: £170). 

During the year the total aggregated donations made to the charity by the trustee's was £26,238 (2020: £19,444). 

12 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

|**8 **|**Tangible Fixed Assets**|||
|---|---|---|---|
|||Equipment|**Total**|
|||£|**£**|
||Cost as at 1st January 2021|25,212|**25,212**|
||Additions|2,772|**2,772**|
|||──────────|──────────|
||Cost as at 31st December 2021|**27,984**|**27,984**|
|||──────────|──────────|
||Depreciation as at 1st January 2021|17,176|**17,176**|
||Depreciation Charge|2,162|**2,162**|
|||──────────|──────────|
||Depreciation as at 31st December 2021|19,338|**19,338**|
|||──────────|──────────|
|||──────────|──────────|
||Net Book Value as at 31st December 2021|**8,647**|**8,647**|
|||──────────|──────────|
||Net Book Value as at 31st December 2020|8,036|**8,036**|
|**9 **|**Debtors**|||
|||**2021**|2020|
|||**£**|£|
||Acrued Income|2,848|2,084|
||Trade Debtors|5,353|1,581|
|||──────────|──────────|
|||8,201|3,665|
|||──────────|──────────|
|**10 **|**Creditors: amounts falling due within one year**|||
|||**2021**|2020|
|||**£**|£|
||Accruals|1,323|1,260|
||Social Security PAYE and NI|-|2,018|
|||──────────|──────────|
|||1,323|3,278|
|||──────────|──────────|



13 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **11 Analysis of Charitable Funds** 

## **Unrestricted Funds** 

|**Unrestricted Funds**||||||
|---|---|---|---|---|---|
||1 Jan 2021|Income|Expenditure|Transfers|**31 Dec 2021**|
||£|£|£|£|**£**|
|**Unrestricted**||||||
|General|18,786|166,965|(135,434)|(5,100)|**45,218**|
||──────────|──────────|──────────|──────────|──────────|
||**18,786**|**166,965**|**(135,434)**|**(5,100)**|**45,218**|
|**Designated**||||||
|Mission Emergency|3,050|-|-|-|**3,050**|
|Projects & Events|7,760|8,573|(13,837)|-|**2,496**|
|The Bridge Expansion|397|-|-|-|**397**|
|Reserves|20,000|-|-|5,000|**25,000**|
|Travel Enabler|25|-|-|(25)|**(0)**|
||──────────|──────────|──────────|──────────|──────────|
||**31,233**|**8,573**|**(13,837)**|**4,975**|**30,943**|
||──────────|──────────|──────────|──────────|──────────|
|**Total Unrestricted**|**50,019**|**175,538**|**(149,270)**|**(125)**|**76,161**|
||──────────|──────────|──────────|──────────|──────────|
||1 Jan 2021|Income|Expenditure|Transfers|**31 Dec 2020**|
||£|£|£|£|**£**|
|**Restricted Funds**||||||
|Christians Against Poverty<br>(CAP)|2,148|2,436|(1,507)|-|**3,077**|
|Richard Hill Mission|-|38|(188)|150|**-**|
|Education Plus|25|-|-|(25)|**-**|
|Benefaction Fund|86,896|-|(21,109)|-|**65,787**|
|Moldova Gifts|-|868|(600)|-|**268**|
||──────────|──────────|──────────|──────────|──────────|
|**Total**|**89,069**|**3,342**|**(23,404)**|**125**|**69,132**|
||──────────|──────────|──────────|──────────|──────────|
|**Total Funds**||||||
||──────────|──────────|──────────|──────────|──────────|
|**Total**|**139,088**|**178,879**|**(172,674)**|**-**|**145,293**|
||──────────|──────────|──────────|──────────|──────────|



## **Fund Descriptions** 

## **Designated Funds** 

Mission Emergency Projects & Events The Bridge Expansion Reserves 

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

14 



## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **Restricted Funds** 

Christians Against Poverty Funds to further the work of this charity (CAP) 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 work in Moldova (The Love Moldova Foundation Charity number 1174960) 

## **Fund Transfers** 

Richard Hill Mission Transfer from the general fund to the restricted fund to round up the funds to a nil balance Travel Enabler The transfer from the Travel Enabler designated fund to the General fund was to move out residual funds to close the fund. Education plus The transfer from the Education Plus restricted fund to the General fund was to move out residual funds to close the fund. 

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

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2021**|
||£|£|**£**|
|Fixed Assets|8,671|-|**8,647**|
|Current Assets|76,161|69,132|**137,969**|
|Creditors less than 1 year|(1,323)|-|**(1,323)**|
||──────────|──────────|<br>──────────|
||83,509|69,132|**145,293**|
||──────────|──────────|<br>──────────|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||£|£|£|
|Fixed Assets|8,036|-|8,036|
|Current Assets|45,261|89,069|134,330|
|Creditors less than 1 year|(3,278)|-|(3,278)|
||──────────|──────────|<br>──────────|
||50,019|89,069|139,088|
||──────────|──────────|<br>──────────|



## **13 Related party transactions** 

During the year Rachel L Smith (married to Trustee Philip M Smith) was employed by Highworth Community Church. She received  £2,310 in salary payments and £667 in expenses, all expenses claimed were spent on the day to day running of the charity (2020: salary payments of £4,437.36). 

During the year The Love Moldova Foundation (Charity number: 1174960) who has a shared Trustee Joanna Pearse, received a gift of £600 from the Church (2020: £8,585). 

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## **Highworth Community Church** 

## **Year Ended 31st December 2021** 

## **Notes to the Financial Statements** 

## **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 57,600 Greater than 5 years 13,200 ────────── 85,200 

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