## Ammanford Evangelical Church
Report and Accounts Year ended 31 March 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **AMMANFORD EVANGELICAL CHURCH**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **Trustees**
Rhodri Darcy (resigned on 30 June 2021) Sammy Davies Matthew Hughes (resigned 13 October 2020) Aled Jones Rebecca Jones (appointed 23 May 2021)
## **Chairman**
Aled Jones
**Pastor**
Sammy Davies
## **Governing Document**
Memorandum and Articles of Association dated September 2001, as amended in March 2006
**Company Registration Number**
4280759
**Charity Registration Number**
1088525
**Registered Office and** 6, College Street **Principal Address** Ammanford Carmarthenshire, SA18 3AF
## **Independent Examiner**
Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB
## **Bankers**
Lloyds Bank plc Ammanford Carmarthenshire
|**Contents**|**Page**|
|---|---|
|Company Information|1|
|Trustees' Annual Report|2-5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9-14|
|Detailed Statement of Financial Activities with Comparatives|15|
Page 1
In promoting the advancement and care of the Christian faith the emphasis is, as a church of all ages, corporately and as individuals, to be an active part of the community. We seek to practice the care and love for our community by showing the compassion and care for those inside and outside the formal structures of the church.
The Church continues to support, foster and develop links with those engaged in Christian work abroad, in a wide variety of continents. We are, as a charity, obviously committed to this part of Wales but our interests and support are not limited to this area of Carmarthenshire.
Carrying on from the previous financial year we continued to work in the face of the COVID-19 pandemic. Whilst the measures taken to mitigate the spread of the virus have prevented many normal church activities from taking place physically, many church services have continued online, in fact, reaching many more individuals within the local area. However, as the government guidelines allowed, we were able to meet together in socially distanced services in both Llandybie Public Memorial Hall and our own building following the necessary regulations and with Risk Assessments in place.
Church staff have been continued to be able to work remotely and where physical contact has been required, through the Foodbank for instance, safety measures have been put in place to protect staff and volunteers.
Page 2
The COVID-19 pandemic continued to provide the church with ongoing opportunities to reach and serve the local community. With all activities happening online, the weekly Wednesday night prayer meeting and Bible study continued to be well attended throughout the year, with new people joining throughout the year. Using the communication software ‘ Zoom ’ , the feature to ‘ breakout ’ and take part in small group prayer meetings has been immensely valuable.
During this year, our main activities transferred to a mainly online presence, with the exception of the periods of relaxed guidelines where either external or internal gatherings were permitted according to regulations and Risk Assessments being in place. Although unable to happen in person, our Welsh Language service is just one example of an activity which, after transferring to an online presence, has garnered a greater reach than that of the physical gathering thus enabling us to share more of our faith with the local community and establish links with others.
In seeking to engage with and serve the community, annual activities such as the popular Christmas day dinner for those who would otherwise be on their own, continue to take place, albeit in a varied format this year. Instead of hosting one dinner in a public hall, we purchased hot cooked meals from a local establishment and volunteers delivered them to guests in a COVID secure manner at the guest’s home. This was well received and gave us good opportunity to engage with a local business and support those in our community that were isolated or lonely, especially over the festive period.
‘ Lifting the Lid on Lockdown ’ meetings. These informal interviews with professionals have tackled subjects such as mental health, marriage and family life, and protecting and valuing friendships. Leadership meetings have all occurred online during this period too, as well as the Sunday service, children and youth meetings. These challenging times have certainly given the church new opportunities to look at reaching our community and serving others effectively.
More tangibly, the church has sought to comfort and encourage its members by sending newsletters and cards of appreciation through the post, as well as thanking our NHS staff and keyworkers directly.
At present, it is difficult to assess the long-term impact of the virus on the church ’ s future activities. However, many opportunities have arisen to serve the local community and it is a testament to the generosity of church members both financially and through the giving of their time, that the church leadership remains encouraged and confident that the church will continue to adapt to the postlockdown world.
This past year saw Matthew Hughes step down as both a deacon and as a trustee. We thank him for his hard and faithful work for the church over many years.
During the year, the charity' income increased by £38,064 to £227,807, and expenditure increased by £12,536 to £200,454. As a result the surplus reported this year was £27,353 (2020: £1,824), and the charity's net assets increased by £27,353 to £269,576. Net assets includes cash of £115,251, of which £36,040 is unrestricted.
Page 3
Reserves Policy
The trustees have detemiined that the charity should aim to hold free reserves (defined as being cash
held in unr¢stricted gcncral funds} of no less than £30,000, which equatcs to about 3 month's of
unrestricted exp¢nditur¢, so that th¢ charity could continue to operate should incom¢ and l or
expcnditur¢ vary advcrs¢ly. The charity cndcd the year with cash in unr¢strict¢d g¢n¢ral funds of
£30,152 and the charity is con]plying with its reserves policy.
Risk Statement
The trustees have reviewed the risks to which a charity such as ours with a few employees is exposed.
Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.
Events since the year-end
Largely as a result of the pandemic, the charity's foodbank has grown considerably and during the
year the trustees concluded that it could operate better as a separate charity (albeit one with Christian
principles}. A new charity called Amrnanford Foodbank (charity number 1194085) was registered
with the Charity Commission in April 2021 and the foodbank is now being operated by that charity.
Responsibilities of trustees under comprdny law
The trustees are responsible for preparing the trustees, annual report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Gencrally Acceptcd Accounting Practice).
Company law requires the trust¢¢s to prepar¢ financial statem¢nts for ¢ach financial year which giv¢
a true and fair view of th¢ statc of thc affairs of thc charitablc company as at the balance sheet dat¢
and of its incoming resources and application of resources, including income and expenditure, for th¢
financial year. In preparing these financial statements, the truslees are required to:
select suitable accounting policies and apply them consistently;
observe th¢ m¢thods and principles in th¢ Charitic% SORP;
make judgements and estimates that are reasonable and prudent;
state whether the applicable accounting standards have been followed, subject to any material
dcpartures disclos¢d and ¢xplaincd in th¢ financial statcm¢nts; and
prcparc the financial statcmcnts on a going conc¢rn basis unlcss it is inappropriat¢ to pr¢sum¢
that th¢ charity will continue in operation.
The trustees are responsible for keeping proper accounling records that disclose wilh reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Page 4
Approval
ThTS report, which has been prepared in accordance with the provisions of the Companies Act 2006
relating to small compani¢s, was approved by th¢ trust¢¢s and signcd on their behalf by:
Aled Jones
Chair of Trustees
Date.. 3 October 2021
Company number.. 4280759
Charity number.. 1088525
Page 5
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **AMMANFORD EVANGELICAL CHURCH**
## **('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021 on pages 7 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 6 October 2021
Page 6
## **AMMANFORD EVANGELICAL CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2021**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
Other trading activities
Investments
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
4
**Total expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
12|Unrestricted
Funds
£
102,960
12
1,438
8
104,418
123,305
123,305
-
(18,887)
-
(18,887)
193,669
174,782|Restricted
Funds
£
123,389
-
-
-
123,389
77,149
77,149
-
46,240
-
46,240
48,554
94,794|Total
Funds
2021
£
226,349
12
1,438
8
227,807
200,454
200,454
-
27,353
-
27,353
242,223
269,576|Total
Funds
2020
£
185,233
1,989
2,507
15|
|---|---|---|---|---|
|||||189,743|
|||||187,918|
|||||187,918|
|||||-|
|||||1,824
-|
|||||1,824
240,399|
|||||242,223|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on pages 9 to 15 form part of these accounts.
Page 7
## **AMMANFORD EVANGELICAL CHURCH**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2021**
|Note
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Stock
7
Debtors
8
Cash at bank and in hand
9
**CREDITORS: Amounts falling**
**due within one year**
10
**Net current assets / (liabilities)**
**TOTAL NET ASSETS**
**FUND BALANCES**
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds|Unrestricted
Funds
£
136,405
-
5,110
36,040
41,150
(2,773)
38,377
174,782
33,613
141,169
-
174,782|Restricted
Funds
£
1,110
14,348
125
79,211
93,684
-
93,684
94,794
-
-
94,794
94,794|Total
Funds
2021
£
137,515
14,348
5,235
115,251
134,834
(2,773)
132,061
269,576
33,613
141,169
94,794
269,576|Total
Funds
2020
£
141,444|
|---|---|---|---|---|
|||||8,146
8,107
88,041|
|||||104,294
(3,516)|
|||||100,779|
|||||242,223|
|||||53,182
140,487
48,554|
|||||242,223|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:
- (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
Aled Jones Chair of Trustees
Date: 6 October 2021
Company number: 4280759
Charity number: 1088525
The notes on pages 9 to 15 form part of these accounts.
Page 8
## **AMMANFORD EVANGELICAL CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **1 Statutory Information**
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered how Covid-19 might affect projections.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Goods donated for distribution to beneficiaries, which are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Donations of food and similar are valued at £1.70 per kilogram.
When donated goods are distributed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed are recognised as stock.
- The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
Page 9
## **AMMANFORD EVANGELICAL CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **2 Accounting Policies continued**
## f) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Freehold property Over 50 years after taking account of the building's residual value Equipment Over 4 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## h) Stocks
Stocks of donated items held for distribution to beneficiaries are measured at fair value.
## j) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## k) Taxation
The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## l) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).
## n) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## o) Critical accounting estimates and areas of judgement
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
## **3 Donations and legacies**
|Donations of cash and similar
Donations of food and similar
Grants receivable
Legacies receivable
Income tax recoverable
**4**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Ministry staff costs including staff development
Ministry costs
Outreach
Property related costs
Depreciation
Food bank:
Distribution of donated goods
Staff costs
Operating expenses
Depreciation
Grants payable (note 4c)|2021
£
156,520
61,821
9,926
-
(1,918)
226,349
2021
£
82,258
3,353
1,194
13,684
4,873
105,362
55,619
13,525
2,011
555
71,710
17,425
**194,497**|2020
£
125,689
40,453
12,893
2,000
4,198|
|---|---|---|
|||185,233|
|||2020
£
76,700
8,151
1,407
20,675
4,499|
|||111,432|
|||41,746
6,481
2,846
555|
|||51,628|
|||15,040|
|||**178,100**|
Page 10
## **AMMANFORD EVANGELICAL CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **4 Charitable expenditure continued**
## **b Costs incurred on support & administration**
|**Costs incurred on support & administration**|||
|---|---|---|
|Governance: Accounts preparation and independent examination
Professional fees
Sundry support costs
**Total expenditure**|2,520
251
3,186
**5,957**
**200,454**|2,306
431
7,082|
|||**9,819**|
|||**187,918**|
The fee payable to the independent examiner for preparing and examining the accounts was £2,520 (2020: £2,280); in addition the charity paid £90 (2020: £90) to Stewardship for consultancy services.
## **c Grants payable**
|**nts payable**|||||
|---|---|---|---|---|
|Missionary support
UCCF
Individuals
Other small grants to institutions
Relief of poverty:
Individuals
Other small grants to institutions|Institutions
£
-
-
2,186
-
2,301
4,487|Individuals
£
-
12,000
-
938
-
12,938|2021
£
-
12,000
2,186
938
2,301
17,425|2020
£
1,250
10,680
1,050
-
-
2,060|
|||||15,040|
## **5 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
|Gross wages, salaries & benefits in kind
Employer's national insurance
Pension costs|2021
£
84,916
3,583
2,884
91,383|2020
£
72,099
3,374
2,660|
|---|---|---|
|||78,133|
The average monthly number of employees during the year was 3.4 (2020: 3). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:
|S Davies, who is a trustee
The following amounts were payable in the previous year:
S Davies, who is a trustee|Wages &
salaries
31,953
Wages &
salaries
30,327|Employer
pension
contributions
1,821
Employer
pension
contributions
1,776|2021
£
33,774|
|---|---|---|---|
||||2020
£
32,103|
S Davies served as a church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
Page 11
## **AMMANFORD EVANGELICAL CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **6 Tangible fixed assets**
|Cost
At 1 April 2020
Additions
At 31 March 2021
Accumulated depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
**Stock**
Stock of food, and other donated goods, held for distribution
**Debtors**
Tax recoverable
Prepayments and accrued income
**Cash at Bank and in Hand**
Bank operating accounts
Bank deposits
Petty cash
**Creditors: liabilities falling due within one year**
Accruals|Freehold
Property
£
200,489
-
200,489
61,200
4,009
65,209
135,280
139,289|Fixtures,
fittings and
equipment
£
12,431
1,499
13,930
10,276
1,419
11,695
2,235
2,155
2021
£
14,348
2021
£
2,836
2,399
5,235
2021
£
100,394
14,404
453
115,251
2021
£
2,773
2,773|Total
£
212,920
1,499|
|---|---|---|---|
||||214,419|
||||71,476
5,428|
||||76,904|
||||137,515|
||||141,444|
||||2020
£
8,146|
||||2020
£
5,875
2,232|
||||8,107|
||||2020
£
57,758
29,705
578|
||||88,041|
||||2020
£
3,516|
||||3,516|
## **7 Stock**
## **8 Debtors**
## **9 Cash at Bank and in Hand**
## **10 Creditors: liabilities falling due within one year**
## **11 Pension commitments**
During the year employer’s pension contributions totalling £2,552 (2020: £2,660) were payable to defined contribution personal pension schemes. At the balance sheet date the charity owed pension contributions totalling £332 (2020: £nil).
Page 12
## **AMMANFORD EVANGELICAL CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **12 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Tiddlywinks fund
Kindness fund
Capital fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Foodbank
Kindness
Mission
Internship
Aggregate of funds|Opening
balance
2021
£
1,197
-
139,289
140,487
53,182
193,669
39,597
7,651
1,306
-
48,554
242,223|Incoming
resources
2021
£
12
-
-
12
104,406
104,418
120,060
3,166
-
163
123,389
227,807|Outgoing
resources
2021
£
(56)
-
(4,009)
(4,065)
(119,240)
(123,305)
(71,710)
(5,439)
-
-
(77,149)
(200,454)|Transfers
in the year
2021
£
-
4,735
-
4,735
(4,735)
-
-
-
-
-
-
-|Closing
balance
2021
£
1,153
4,735
135,280|
|---|---|---|---|---|---|
||||||141,169
33,613|
||||||174,782|
||||||87,947
5,378
1,306
163|
||||||94,794|
||||||269,576|
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
1,125
135,280
-
-
5,110
-
30,152
5,888
(2,773)
-
33,613
141,169
Unrestricted Funds|Restricted
funds
£
1,110
14,348
125
79,211
-
94,794|2021
£
137,515
14,348
5,235
115,251
(2,773)|
|---|---|---|---|---|
|||General
funds
£
1,125
-
5,110
30,152
(2,773)
33,613|||
|||||269,576|
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Tiddlywinks fund
Capital fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Foodbank
Kindness
Mission
Aggregate of funds|Opening
balance
2020
£
-
143,299
143,299
60,813
204,112
34,981
-
1,306
36,287
240,399|Incoming
resources
2020
£
1,989
-
1,989
128,267
130,255
56,244
1,811
1,433
59,488
189,743|Outgoing
resources
2020
£
(792)
(4,010)
(4,802)
(129,087)
(133,888)
(51,628)
(970)
(1,433)
(54,031)
(187,919)|Transfers
in the year
2020
£
-
-
-
(6,810)
(6,810)
-
6,810
-
6,810
-|Closing
balance
2020
£
1,197
139,289|
|---|---|---|---|---|---|
||||||140,487
53,182|
||||||193,669|
||||||39,597
7,651
1,306|
||||||48,554|
||||||242,223|
Page 13
## **AMMANFORD EVANGELICAL CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
## **12 Funds continued**
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
490
139,289
-
-
8,107
-
48,101
1,197
(3,516)
-
53,182
140,487
Unrestricted Funds|Restricted
funds
£
1,665
8,146
-
38,743
-
48,554|2020
£
141,444
8,146
8,107
88,041
(3,516)|
|---|---|---|---|---|
|||General
funds
£
490
-
8,107
48,101
(3,516)
53,182|||
|||||242,223|
The **Capital** fund is a designated fund and represents funds set aside by the trustees in respect of the charity's net investment in property; these funds are not available for general use.
The **Tiddlywinks** fund is a designated fund created from donations to a ministry for toddlers and their parents.
The **Foodbank** fund is a restricted fund and was created from donations of cash, food and similar items to help those facing hardship in the local community.
The restricted **Kindness** fund was created from donations given to help those facing hardship in the local community. In addition the trustees decided to set aside some of the charity's unrestricted funds for this initiative and during the year they transferred £4,735 into a new designated fund with the same purpose.
The **Mission** fund is a restricted fund created from donations given to support mission.
The **Internship** fund is a restricted fund created from donations received to help meet the expenses of interns.
## **13 Transactions with related parties**
During the year the charity received £7,733 (2020: £7,878) from Stewardship from monies donated to Stewardship by related parties (which includes trustees, key management and anyone closely connected to them).
Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties, no expenses (2020: £Nil) were paid to (or for) the trustees.
Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.
## **14 Events since the year end**
During the year the trustees concluded the foodbank had developed to the stage where, going forward, it would operate more effectively as a separate charity. Since the year-end the activities of the foodbank, and related assets, have been transferred to a new charity called Ammanford Foodbank (charity number 1194085).
## **14 Members**
Each member of the company commits to contribute if the charity is wound up an amount of £10.
Page 14
## **AMMANFORD EVANGELICAL CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 MARCH 2021**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
Other trading activities
Investments
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
4
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
12||General
Designated
2021
2021
£
£
102,960
-
-
12
1,438
-
8
-
104,406
12
119,240
4,065
119,240
4,065
(14,834)
(4,053)
(4,735)
4,735
(19,569)
682
53,182
140,487
33,613
141,169
Unrestricted funds|Restricted
2021
£
123,389
-
-
-
123,389
77,149
77,149
46,240
-
46,240
48,554
94,794|Total
2021
£
226,349
12
1,438
8
227,807
200,454
200,454
27,353
-
27,353
242,223
269,576|||General
Designated
2020
2020
£
£
125,745
-
-
1,989
2,507
-
15
-
128,267
1,989
129,087
4,802
129,087
4,802
(820)
(2,813)
(6,810)
-
(7,630)
(2,813)
60,813
143,299
53,182
140,487
Unrestricted funds|Restricted
2020
£
59,488
-
-
-
59,488
54,031
54,031
5,457
6,810
12,267
36,287
48,554|Total
2020
£
185,233
1,989
2,507
15
189,743
187,918
187,918
1,825
-
1,825
240,399
242,223|
|---|---|---|---|---|---|---|---|---|---|
Page 15