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2020-08-31-accounts

Hertford Community Church Trust

Annual Report and Accounts Twelve months ending 31 August 2020

Charity Number 1082292

Hertford Community Church Trust

Trustees Report

Twelve months ending 31 August 2020

Trustees and Church Leadership

Trustees and church leaders serving throughout the year and since year end are:

Trustees

Ian Tyler Ross Hartwig Jacqui Pattison Jo Keay Cathy Sebborn (Treasurer)

Leadership Team

Jess Hartwig Ian Tyler Ross Hartwig Alison Tyler

Structure, Governance and Management

Hertford Community Church Trust is constituted by a trust deed dated 30 January 2000, as amended by supplemental deed dated 2 July 2000 and is a registered charity number 1082292

The powers of appointment or removal of Trustees rests with the Trustees with due reference to the Church Leadership Team. New Trustees are selected from the members of the Church since this means that the Trustee body is whole-heartedly involved in seeing the mission of the Church worked out in practice. On being appointed, new Trustees spend time with the existing Trustees to ensure they understand the responsibilities and the legal and financial framework in which the Church operates.

Hertford Community Church targets to have at least two Trustees who are not members of the Leadership and two who are. This is in order to achieve a healthy balance of spiritual and legal governance. Directions relating to the charitable trust are made by the Trustees, in consultation with the Leadership, who are responsible for governing the life and teaching of the Church. Day

to day decisions on expenditure and activities are decided by the staff and volunteers in charge of-different departments within the Church, with budgets set and monitored by the Trustees.

Hertford Community Church is a member of the Pioneer Network of churches.

Objectives and Activities

The Trust has the objective to advance the Christian faith in Hertford and across the world, to relieve poverty or hardship and advance education and training. The church is built on the belief that this is achieved through works in the community.

The main activities of the church are based in Hertford and also include two separate operations under separate banners:

In slight contrast after nearly 20 years under the wings of HCC, Future Hope – an outreach and drug education service for young people in crisis in Hertford and Ware Has been established as a separate charity in its own right and the income and expenditure is no longer included.

In addition the church supports activities in it own name although these were severely restricted from March 2020 onwards due to national lockdown in response to COVID 19.

Achievements and Performance

The main change during this financial year was to stop paying for a children’s worker as the previous incumbent had resigned to become a full-time teacher and the county council had planned to close the community centre, where most of our activities are run, whilst they completely rebuilt it.

The impact on COVID was significant but different on the various

parts of the church’s operation.

In the core church giving and donations continued to be maintained whilst a number of expense lines were reduced, including the children’s worker. The Trustees took the decision to continue to pay rent for halls even though we weren’t using them to support them through these difficult times.

The impact on the pre-school was significant with the school being closed though the first national lockdown although the financial impact was protected by the government decision to continue to pay school fees. The financial impact will in fact be greater this year as numbers attending continue to be depressed, as some parents choose to keep their young children at home. However, the pre-school has significant reserves to utilise before it would need to approach the church for financial support.

SPH&W activities have also been significantly impacted by COVID as the local night-time economy has been severely affected and also in order to protect the health of some of the older and more vulnerable volunteers. However, the financial impact of this is quite modest as SPH&W is an entirely volunteer run activity.

The priorities for the next year are similar although given the relatively robust condition of the church finances we are proactively looking to make more financial donations to local charities e.g. food bank, to support those in need at this difficult time.

Financial Review

This financial year we won’t state the overall prior year numbers as they are for a different mix of activities as FutureHope has been removed and Street Pastors, Hertford and Ware has been included. However, where we have comparable prior year numbers e.g. for Church Activities and Pre-school we will include them for information.


Church
Activities
29
20

9

5
Street
Pastors
3

3

0
N/A
Pre
School
56

55

1

1
Total
2019
88

78
10
Total
2019
88

78
10
Incoming resources
Resources expended
Net 2020
Net 2019

The income and expenditure were both down for the church but the net surplus for the year was increased from £5k to £9k. The numbers for the pre-school were almost identical to the prior year and the net result of a £1k surplus was the same. The new activity of SPH&W contributed just £3k to income and expenditure but the good news is that it comes with historic reserves of circa £7k so it is highly unlikely to require subsidy from the church.

The Trust has a target to maintain reserves at between one months and two months expenditure in order to manage unexpected fluctuations in income and meet liabilities as they arise. The reserves at the end of 2020 were equivalent to over 7 months expenditure, which is by far the highest cover ever and reflects both the surplus for the year and the reduced turnover, in part caused by the removal of FutureHope as a standalone charity.

Public Benefit

In planning its activities the Trustees have given regard to the Charity Commission's Public Benefit guidance (Reg 40 (2)(c)(ii)) and particularly the guidance for charities whose objects are the advancement of religion.

Hertford Community Church provides Public Benefit in numerous ways which include Christian witness, being active in our local communities to all in need regardless of faith and donation of resources to both local and international communities.

……………………….. Trustee

…………………………. Date

Hertford Community Church Trust

Statement of Financial Activities

Twelve Months Ended 31[st ] August 2020

Notes
Un-
restricted
funds
£’000
34

-

34

24
24
Un-
restricted
funds
£’000
34

-

34

24
24
Restricted
funds
£’000
-

54

54

54
54

-
-

-
Total
2020
£’000
35

53

88

78
78
Total
2020
£’000
35

53

88

78
78
Incoming resources
Incoming resources from
generated funds
. Voluntary income
1
Incoming resources from
charitable activities
2
Total incoming resources
Resources expended
Charitable activities
3
Total resources
expended
32
Net incoming resources
Funds at the start of the
year
Funds at the end of the
year
10
47
10
47
57 57

Hertford Community Church Trust

Balance Sheet

At 31[st ] August 2020


Notes
Current assets
Debtors
5
Cash at bank and in hand
6
Creditors: amounts falling
due within one year
7
Net current assets
Total assets less current
liabilities
Represented by:
Funds and reserves
Unrestricted funds
2020
£’000
2

55
57

-
2020
£’000

57
57
57

Approved on: 09 February 2021

Hertford Community Church Trust

Cashflow

Twelve Months Ended 31[st ] August 2020

Notes 2020
£’000
15
1
16
Cash inflow/(outflow) from
operating
Activities
Changes due to including SPH&W and
removing Future Hope
A
Increase/Decrease in cash
B

A Adjustment of net incoming resources before transfers to net cash inflow/(outflow) from operating activities

inflow/(outflow) from operating activities
Net incoming resources before transfers
(Increase)/Decrease in Debtors

Increase in Creditors
Net cash inflow/(outflow) from operating activities
2020
£’000
10
5
-
15

B Analysis of changes in net debt

Cash at bank and in hand
Total
At
1 Sept
2019
(restated)
£’000
42
42
Cash
flows
£’000
15
15
At
31 Aug
2020
£’000
57
57

Principal Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention. Applicable United Kingdom Accounting Standards and the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005), have been followed in the preparation of these financial statements.

Incoming resources

All income is credited to the statement of financial activities on a receivable basis.

Donations are credited to the statement of financial activities in the year in which they are received as receipt is the earliest point at which entitlement is considered certain.

Restricted grants and awards are included once the amount is reasonably certain to be received. The income is matched to the period of expenditure for grants extending beyond the financial year.

Resources expended and the basis of apportioning costs

Expenditure is charged to the statement of financial activities on an accruals basis.

Governance costs are negligible and no separate cost has been identified.

Fund accounting

The Restricted Funds are monies raised for, and their use restricted to, a specific purpose, or donations subject to donor imposed condition.

The General Fund represents unrestricted and undesignated monies used to fund working capital and which the organisation may use in furtherance of the charity’s objectives.

1 Voluntary income

1
Voluntary income
Donations
Grants
Other income
Gift Aid
Unrestricted
funds
£’000
27
0
1
6
34
Restricted
funds
£’000
-
-
Total
2020
£’000
27
0
1
6
34

2 Incoming resources from charitable activities

Government grants
Fees
Unrestricted
funds
£’000
-
-
-
Restricted
funds
£’000
52
2
54
Total
2020
£’000
52
2
54
Total
2019
£’000
46
7
53

3 Cost of charitable activities

Staff costs
Contributions to outside activities
Accommodation
Project costs
Administration and general
Unrestricted
funds
£’000
3
12
2
2
5
24
Restricted
funds
£’000
46
0
3
5
-
54
Total
2020
£’000
49
12
5
7
5
78

4 Staff costs

Total staff costs 2020
£’000
49

It has not been possible to quantify the monetary value of the services of approximately 25 volunteers who give their time freely, providing a wide range of support and activities to children, youth, OAPs, local residents and staff.

The average number of actual employees was as follows:

Part time - FTE equivalent of 2.5
Full time
2020
8
0
8

5 Debtors

5 Debtors
Gift Aid Due 2020
£’000
2
2

6 Cash at bank and in hand

Cash at bank and in hand
Current accounts 2020
£’000
55
55

7 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other creditors 2019
£’000
-
-