Registered Charity no. 1080002
## **Highworth Community Church**
## **Trustees Annual Report and Accounts**
**Year Ended 31st December 2022**
## **Highworth Community Church**
**Year Ended 31st December 2022**
## **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 2022**
## **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 2022** Joanna Pearse _Chair_ Richard Wathen _Treasurer_ Janet Hodgson Philip Smith Paul Fisher **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 2022**
## **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 2022, and also with the Church Leaders on several occasions.
As well as weekly services held on Sundays, our midweek activities have continued to flourish. These include the Monday – Friday opening of The Bridge, our community drop-in centre which provides a safe welcome space for anyone wanting anything from company and a free hot drink to photocopying, Food Collective, help with form filling or signposting to other services such as CAP, Job Club or Life Skills. Additionally there are a range of Small Groups and Bible Study groups which meet regularly giving everyone an opportunity to connect and go deeper in the faith journey.
We ran various courses, including Alpha, Kintsugi Hope, Leadership Training and broadened the range of prayer ministry appointments we can offer from our Freedom Centre. We conducted several mini missions both within Highworth and in collaboration with other church groups in Swindon. These have included Home Blessings and outreach focussed Film Nights.
2
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **Trustee's Annual Report**
Youth and childrens’ activities have been run on a regular basis as well as a weekly toddler group in the community.
We have engaged with the Ukranian community who have fled their homeland because of the war and in particular embraced 4 women who have been living with church families as well as supporting missionaries in the UK and overseas, both financially and via online conversations and prayer including in Mozambique, and Moldova where we have personal connections.
Our senior leader Matt Ford, was on sabbatical for the final 3 months of the year, it was an opportunity for others rise to the challenge of taking responsibility during this period and grow in faith.
We continue to be supported and guided by a growing team of ‘oversight’ who help to steer our vision.
## **Plans for the future**
We will continue to grow our connections in the community being open to explore new ways of fulfilling our aims and reach more and more people, responding to needs as and when they arise.
## **Financial Review**
The financial position of the charity at 31st December 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:
|Net income / (expenditure)
The fund balances at the year end were as follows:
Unrestricted Funds
Restricted Funds
Total|2022
2021
£
£
**(36,856)**
**6,205**
2022
2021
£
£
60,913
76,161
47,525
69,132
**108,438**
**145,293**|
|---|---|
## **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 2022**
## **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 £60,913. 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**
## Richard Wathen
## **Name of Trustee:**
───────────────────────────────────────────────────
**Signed on behalf of the Trustees: Date of approval:**
─────────────────────────────────────────────────── 29/07/2023
───────────────────────────────────────────────────
4
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **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 2022.
## **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.
31/07/2023
Nigel Wyatt BSC FCA Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
Date:
5
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **Statement of Financial Activities**
|**Statement of Financial Activities**||||||
|---|---|---|---|---|---|
||||**2022**||2021|
|||Unrestricted|Restricted|||
|||Funds|Funds|**Total Funds**|Total funds|
||**Note**|£|£|**£**|£|
|**Income**||||||
|Donations and legacies||129,175|18,044|**147,219**|157,850|
|Charitable activities||18,558|-|**18,558**|20,846|
|Investment income||55|-|**55**|183|
|||`──────────`|`──────────`|
`──────────`|
`──────────`|
|**Total Income**|**2**|147,788|18,044|**165,832**|178,879|
|||`──────────`|`──────────`|
`──────────`|
`──────────`|
|**Expenditure**||||||
|Expenditure on charitable activities|**3**|157,646|45,042|**202,688**|172,674|
|||`──────────`|`──────────`|
`──────────`|
`──────────`|
|**Total Expenditure**||157,646|45,042|**202,688**|172,674|
|||`──────────`|`──────────`|
`──────────`|
`──────────`|
|||`──────────`|`──────────`|
`──────────`|
`──────────`|
|**Net income / (expenditure)**||(9,858)|(26,998)|**(36,856)**|6,205|
|||`──────────`|`──────────`|
`──────────`|
`──────────`|
|**Net income and net movement in funds**||||||
|Total funds brought forward|**11**|76,161|69,132|**145,293**|139,088|
|Transfers|**11**|(5,391)|5,391|**-**|-|
|||`──────────`|`──────────`|
`──────────`|
`──────────`|
|**Total funds carried forward**|**11**|60,913|47,525|**108,438**|**145,293**|
|||`──────────`|`──────────`|
`──────────`|
`──────────`|
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 2022**
## **Statement of Financial Position**
|**Statement of Financial Position**||||
|---|---|---|---|
|||**2022**|2021|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**8**|6,917|8,647|
|**Current assets**||||
|Debtors|**9**|8,101|8,201|
|Cash at bank and in hand||104,872|129,768|
|||`──────────`|`──────────`|
|||112,973|137,969|
|**Creditors: amounts falling due within one year**|**10**|11,452|1,323|
|||`──────────`|`──────────`|
|**Net current assets**||101,521|136,646|
|||`──────────`|`──────────`|
|**Total assets less current liabilities**||108,438|145,293|
|||`──────────`|`──────────`|
|**Net assets**|**12**|**108,438**|**145,293**|
|||`──────────`|`──────────`|
|**Funds of the charity**||||
|Restricted funds|**11**|47,525|69,132|
|Unrestricted funds|**11**|||
|Unrestricted general||32,666|45,218|
|Designated funds||28,247|30,943|
|||`──────────`|`──────────`|
|||60,913|76,161|
|||`──────────`|`──────────`|
|**Total charity funds**||**108,438**|**145,293**|
|||`──────────`|`──────────`|
## **Directors responsibilities**
These financial statements were approved by the board of trustees and authorised for issue :
## Richard Wathen
## **Name of Trustee:**
───────────────────────────────────────────────────
## **Signed on behalf of the Trustees:**
───────────────────────────────────────────────────
**Date of approval:**
## 29/07/2023
───────────────────────────────────────────────────
7
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **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 2022**
## **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 2022**
## **Notes to the Financial Statements**
|**2 **|**Analysis of Income**||||
|---|---|---|---|---|
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2022**|
|||£|£|**£**|
||**Donations and legacies**||||
||Donations|104,382|16,388|**120,770**|
||Gift aid|24,793|1,656|**26,449**|
||Grants|-|-|**-**|
|||`──────────`|`──────────`|`──────────`|
|||129,175|18,044|**147,219**|
||**Charitable activities**||||
||Churches together recharges|16,442|-|**16,442**|
||Books and resources|824|-|**824**|
||Events and projects|1,292|-|**1,292**|
||The Bridge|-|-|**-**|
|||`──────────`|`──────────`|`──────────`|
|||18,558|-|**18,558**|
||**Investment Income**||||
||Interest|55|-|**55**|
|||`──────────`|`──────────`|`──────────`|
|||55|-|**55**|
|||`──────────`|`──────────`|`──────────`|
||**Total Income**|**147,788**|**18,044**|**165,832**|
|||`──────────`|`──────────`|`──────────`|
|||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**|
||The Bridge|-|-|**-**|
|||`──────────`|`──────────`|`──────────`|
|||20,821|25|**20,846**|
||**Investment Income**||||
||Interest|183||**183**|
|||`──────────`|`──────────`|`──────────`|
|||183|-|**183**|
|||`──────────`|`──────────`|`──────────`|
||**Total Income**|**175,538**|**3,342**|**178,879**|
|||`──────────`|`──────────`|`──────────`|
10
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **3 Expenditure on charitable activities by fund type**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|Church gifts and giving|11,976|22,441|**34,417**|
|Depreciation|1,729|-|**1,729**|
|Church and ministry expenditure|14,235|-|**14,235**|
|Premises and office costs|24,100|22,601|**46,701**|
|Projects & events|7,846|-|**7,846**|
|Staff salaries|97,760|-|**97,760**|
||`──────────`|`──────────`|`──────────`|
||157,646|45,042|**202,688**|
||`──────────`|`──────────`|`──────────`|
||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**
`──────────`|
## **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:
**2022** 2021 **£** £ Independent examination and preparation of the 1,409 1,323 financial statements
11
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **6 Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2022**|2021|
|---|---|---|
||**£**|£|
|Wages and salaries|91,880|93,383|
|Social security costs|3,113|2,536|
|Employer contributions to pension plans|2,767|2,660|
||`──────────`|`──────────`|
||97,760|98,580|
||`──────────`|`──────────`|
The average head count of employees during the year was as follows:
||**2022**|2021|
|---|---|---|
|Average head count|5|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.
The number of employees that received employee benefits of more than £60,000 during the year was as follows:
||**2022**|2021|
|---|---|---|
|More than £60,000|0|0|
## **Key management personnel**
The charity considers its key management personnel to be the full staff team. The remuneration received by the full staff team is noted above.
## **7 Trustee remuneration, expenses and donations**
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity.
During the year no trustees incurred out of pocked expenses (2021: £0).
During the year the total aggregated donations made to the charity by the trustee's was £23,875 (2021: £26,238).
12
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
|**8 **|**Tangible Fixed Assets**|||
|---|---|---|---|
|||Equipment|**Total**|
|||£|**£**|
||Cost as at 1st January 2022|27,984|**27,984**|
||Additions|-|**-**|
|||`──────────`|`──────────`|
||Cost as at 31st December 2022|**27,984**|**27,984**|
|||`──────────`|`──────────`|
||Depreciation as at 1st January 2022|19,338|**19,338**|
||Depreciation charge|1,729|**1,729**|
|||`──────────`|`──────────`|
||Depreciation as at 31st December 2022|21,067|**21,067**|
|||`──────────`|`──────────`|
|||`──────────`|`──────────`|
||Net Book Value as at 31st December 2022|**6,917**|**6,917**|
|||`──────────`|`──────────`|
||Net Book Value as at 31st December 2021|8,647|**8,647**|
|**9 **|**Debtors**|||
|||**2022**|2021|
|||**£**|£|
||Accrued income|6,677|2,848|
||Trade debtors|1,424|5,353|
|||`──────────`|`──────────`|
|||8,101|8,201|
|||`──────────`|`──────────`|
|**10 **|**Creditors: amounts falling due within one year**|||
|||**2022**|2021|
|||**£**|£|
||Accruals|11,452|1,323|
|||`──────────`|`──────────`|
|||11,452|1,323|
|||`──────────`|`──────────`|
13
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **11 Analysis of Charitable Funds**
## **Unrestricted Funds**
|**Unrestricted Funds**||||||
|---|---|---|---|---|---|
||1 Jan 2022|Income|Expenditure|Transfers|**31 Dec 2022**|
||£|£|£|£|**£**|
|**Unrestricted**||||||
|General|45,218|142,721|(149,800)|(5,474)|**32,666**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
||**45,218**|**142,721**|**(149,800)**|**(5,474)**|**32,666**|
|**Designated**||||||
|Mission emergency|3,050|-|-|-|**3,050**|
|Projects & events|2,496|5,067|(7,846)|83|**(200)**|
|The Bridge expansion|397|-|-|-|**397**|
|Reserves|25,000|-|-|-|**25,000**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
||**30,943**|**5,067**|**(7,846)**|**83**|**28,247**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
|**Total Unrestricted**|**76,161**|**147,788**|**(157,646)**|**(5,391)**|**60,913**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
|**Restricted Funds**||||||
|Christians Against Poverty
(CAP)|3,077|10,555|(9,816)|-|**3,816**|
|Benefaction fund|65,787|-|(22,601)|-|**43,186**|
|Moldova gifts|268|7,489|(12,625)|5,391|**523**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
|**Total Restricted**|**69,132**|**18,044**|**(45,042)**|**5,391**|**47,525**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
|**Total Funds**|**145,293**|**165,832**|**(202,688)**|**-**|**108,438**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
14
## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **Analysis of Charitable Funds cont.**
## **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)|-|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
||**31,232**|**8,573**|**(13,837)**|**4,975**|**30,943**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
|**Total Unrestricted**|**50,018**|**175,538**|**(149,271)**|**(125)**|**76,161**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
|**Restricted Funds**||||||
|Christians Against Poverty
(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 Restricted**|**89,069**|**3,342**|**(23,404)**|**125**|**69,132**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
|**Total Funds**|**139,087**|**178,880**|**(172,675)**|**-**|**145,293**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
## **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 assigned by the trustees away from the general fund.
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## **Highworth Community Church**
## **Year Ended 31st December 2022**
## **Notes to the Financial Statements**
## **Fund Descriptions cont.**
## **Restricted Funds**
Christians Against Poverty Funds to further the work of the charity Christians Against Poverty (CAP) (Charity number 1097217) and the CAP centre.
Benefaction fund Moldova gifts
Monies donated to the church by an anonymous benefactor for the purpose of church running costs (excluding salary costs).
Fund for gifts and mission work in Moldova (The Love Moldova Foundation Charity number 1174960).
## **Fund Transfers**
Moldova gifts Transfer from the general fund to the restricted fund to round up the funds to a nil balance
## **12 Analysis of net assets between funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|Fixed assets|6,917|-|**6,917**|
|Current assets|65,449|47,525|**112,973**|
|Creditors less than 1 year|(11,452)|-|**(11,452)**|
||`──────────`|`──────────`|`──────────`|
||60,913|47,525|**108,438**|
||`──────────`|`──────────`|`──────────`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|Fixed assets|8,647|-|8,647|
|Current assets|68,837|69,132|137,969|
|Creditors less than 1 year|(1,323)|-|(1,323)|
||`──────────`|`──────────`|`──────────`|
||76,161|69,132|145,293|
||`──────────`|`──────────`|`──────────`|
## **13 Related party transactions**
During the year The Love Moldova Foundation (Charity number: 1174960) who has a shared Trustee, Joanna Pearse, received a gift of £5,659 from the church (2021: £600). At the end of the year a further gift of £6,966 was held as an accrual to The Love Moldova Foundation, and paid in January 2023.
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## **Highworth Community Church**
**Year Ended 31st December 2022**
## **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 56,400 - Greater than 5 years `──────────` 70,800
```
──────────
```
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