Registered Charity Number: 1096161 Company number: 04649135
Meadowhead Christian Fellowship
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 March 2022
Meadowhead Christian Fellowship
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' annual report | 2 - 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the accounts | 10 - 15 |
VAS Community Accountancy
Meadowhead Christian Fellowship
Legal and administrative information for the year ended 31 March 2022
Trustees
R D Butters Resigned 16 November 2021 K Dunning C L Simpson A J Hollingum G Ince N Lugg Appointed 6 February 2022 Company secretary R D Butters Resigned 16 November 2021 C Simpson Appointed 16 November 2021
Key management
J Dunning Senior Pastor S Bodey Church Administrator
Charity number 1096161
Company number 04649135
Registered office
30 Hunstone Avenue Sheffield S8 8GE
Independent Examiner
Susan Cochrane, FCA Employee of: VAS Community Accountancy The Circle 33 Rockingham Lane Sheffield S1 4FW
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Meadowhead Christian Fellowship
Trustees' annual report For the year ended 31 March 2022
The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31 March 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the charities Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019.
Structure Governance & Management
The organisation is a charitable company limited by guarantee, incorporated on 27 January 2003 and registered as a charity on 24 February 2003. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In event of the company being wound up, members are required to contribute an amount not exceeding £1 each.
The charity employs a Senior Pastor who is accountable to the Trustees and who is responsible for the day to day running and management of the Charity's work. In addition, the Charity employs an Administrator on a part time basis who works under the management of the Senior Pastor. The Charity also employs a Community Outreach / Pastoral Worker on a part time basis.
The Senior Pastor is also the principal Elder within a church eldership made up of three people one of which is also a Trustee (Mr A J Hollingum). The Elders normally meet on a weekly basis and along with the Senior Pastor are responsible for organising church meetings, pastoral care and providing spiritual input.
When necessary the Charity will recruit and appoint Trustees in accordance with clauses 31-36 of its Articles of Association. The company's policy in respect of recruitment of trustees is that anyone who is supportive of the Objects of the company and subscribes to the Statement of Faith would be eligible to be a trustee of the Charity always provided that their appointment is in accordance with clauses 31 to 36 of the Articles of Association. The company does not have a specific training programme for directors but will rely on using the services of specialist training providers as and when required.
Objects and activities
The charity's objects are to advance the Christian Faith in Norton, Sheffield and in such other parts of the United Kingdom or the world as the Trustees may, from time to time, think fit, and other such purposes, which are exclusively charitable according to the law of England and Wales and are connected to the charitable work of the Charity.
The trustees have given due regard to guidance published by the Charity Commission in respect of public benefit when fulfilling the objectives of the charity.
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Meadowhead Christian Fellowship
Trustees' annual report - continued For the year ended 31 March 2022
Objectives and Activities - continued
Since the Charity started using its premises at Unit 2 and Unit 3, Jordanthorpe Centre, Sheffield, various activities have been established in the buildings throughout the week. These activities include church services, prayer meetings, drop-in facilities, mother and toddler groups, youth groups, children’s holiday clubs, community café, clothes bank, exercise classes, and parish nursing. The charity works with another, unrelated, charity to provide free access to advice on form-filling, benefits, housing and debt. We also provide a midweek base for a local foodbank (Grace Foodbank, Charity Number 1156760) to distribute food and provide advice and support for local clients. Grace Foodbank also runs cookery classes on MCF premises.
Meadowhead Christian Fellowship (MCF) aims to use its resources to raise the awareness of the local community to the facilities and services offered by the church. When considering the activities offered MCF has had regard to the Charity Commission’s guidance on public benefit with specific cognizance to the advancement of religion. In formulating its activities MCF seeks to enable people to express their personal faith through acts of worship, prayer, bible study, home group membership and acts of service. MCF also encourages pastoral care, missionary and outreach work as things which enable people to become an expression of Christ’s love here on earth and a support to those in need.
Achievements in the year
The first four months of the financial year saw the gradual easing of COVID lockdown restrictions in England, as the UK government followed a “roadmap” which contained a series of steps to exit from the previous restrictions. As a consequence, MCF, was also able to gradually resume activities which involved some gathering of people indoors or outdoors – all in line with government guidance and MCF’s own risk assessments. MCF’s main Sunday morning church service was offered both online (livestreamed) but also in person with attendance climbing steadily through the summer and autumn. In person attendance is now back to pre-COVID levels but with others joining the service live from their own homes.
During the previous year MCF had been able to provide the premises, equipment and resources to facilitate the opening of a community cafe operating 2 days per week in Unit 2 during the year, but this was closed following the imposition of the Covid related restrictions. The café is called Sparrow’s Nest and provides good quality nutritious food at very reasonable prices and started to operate again from September 2021 as restrictions were eased. The café is located in the centre of two communities where residents face many daily challenges not least of which is low income. The café is also a place where the local community can come and socialise. There is very little community space on the Estate. Members of MCF who serve voluntarily in the café are able to get to know local people and make them aware of other facilities and support which are available through the work of MCF. The café is an MCF project and any financial surplus generated (it is not run with a view to profit) belongs to MCF.
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Meadowhead Christian Fellowship
Trustees' annual report - continued For the year ended 31 March 2022
Achievements in the year – continued
The Charity also continues in its support of overseas missions which meet the practical and spiritual needs of the poor and needy in poorer communities – mainly in Africa and Asia. The generosity of MCF’s donors combined with restraint on other expenditure allowed MCF to increase this financial support both in cash terms and as a proportion of total income.
MCF consistently delivered a high-quality church service online Sunday-by-Sunday which has been used by our own congregation (when not able to attend in person) and by others who were simply looking for online content they were happy to join. Prayer is an important component of our life and mission, which underpins all our activities, and so we have encouraged prayer in many different ways, including a popular What’s App group and in person meetings.
The trustees have agreed that the Senior Pastor (who has led the church for thirty years) will reduce his hours to 0.6 of a full-time equivalent from September 2022 and is about to agree the terms of a contract to employ a new associate pastor to plug the gap.
Impact of COVID-19
As described above, the government’s road map out of Covid restrictions which affected the whole country, and included places of worship, meant that MCF was able to resume many of its activities from July 2021 onwards.
The national lock down required the Charity to suspend all of its normal activities including its main church services held on its premises, the community café, the drop in, the foodbank, prayer meetings, children and youth work etc - in effect all activities that involved the physical presence of people. The Charity responded rapidly to these suspensions in delivering an online Sunday service open to regular attendees and anyone else who wished to connect to the services; using zoom meeting technology to facilitate smaller meetings; and offering support to local people who were self-isolating and shielding for reasons of vulnerability etc.
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Meadowhead Christian Fellowship
Trustees' annual report - continued For the year ended 31 March 2022
Impact of COVID-19 - continued
The Charity has also reviewed its Reserves Policy and the Charity is satisfied that its reserves are adequate, and have not, at this stage, been compromised by the impact of the Covid 19 related restrictions. The trustees continue to receive monthly account summaries which inform them in a timely manner of any negative trends that may require a managed response.
The Charity’s main income comes from donations given by individuals. The trustees recognise that this income is not guaranteed and will be affected by our supporters “life-events” and in response to a difficult economic and cost of living outlook for everyone in the UK (indeed worldwide). But we were greatly encouraged by the resilience in this giving through the toughest months of the pandemic, such that our income rose slightly.
Reserves Policy
The trustees have set the target free reserves required at £45,000 to allow for three months’ expenditure on salaries plus redundancy payments (should they be required). Free reserves (unrestricted funds excluding fixed assets) were £125,958 at the end of the year (2021: £116,601).
The normal policy of the Trust is to utilise its resources to further the objectives of the Charity and not therefore to hold excessive reserves. However, at the present time because of the proposed building extension it is considered prudent to hold additional reserves that may be required to fund construction works.
Lease Arrangements and Acquisition of Land
The company purchased the Freehold of Unit 3 during 2018. Unit 2 remains within the Fixed Asset Register as a Leasehold interest. The Unit 2 Lease contains tenant only break clause provisions at years 5, 10 and 15 years of the 21 year Lease. MCF decided not to implement the first of these break clauses in March 2020. However, as a consequence of the presence of these provisions, within the Unit 2 Lease, it is considered prudent to depreciate these assets on the basis that the second break clause may be exercised and the period for the depreciation of this asset has been amended accordingly.
MCF’s growth in both numbers attending and the range of activities means that we face pressure in terms of the accommodation available. The church is therefore exploring a number of different options for expansion for example through building construction or acquisition.
.
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Meadowhead Christian Fellowship
Trustees' annual report - continued For the year ended 31 March 2022
Risk Management
The Charity has compiled, and updates a Risk Register to help to identify potential risks and its level of exposure to them. The potential financial impact of the Covid 19 pandemic was initial assessed in March 2020 by means of a note prepared for the consideration of the trustees. The note recommended, and it was accepted, that the finances should be kept under constant review and that excessive abnormal expenditure should be avoided for the foreseeable future. The treasurer produces and distributes, to the trustees, a monthly spreadsheet identifying the income, expenditure and fund balances, and this enables the trustees to have an up to date understanding of the charity’s financial position and a feel for any developing trends which may occur The main associated financial risks to the Charity are its commitment to employees and the day-to-day running costs of Unit 3 and Unit 2 Jordanthorpe Centre, Sheffield.
Investment Powers, Policy and Performance
The Trust's policy is to invest its resources in the pursuit of its objectives that requires the employment and support of appropriate individuals. The Trust does not generally make long-term investment commitments and aims to deploy its funds without unnecessary delays. Grant making policy. The Trustees, in consultation with the church's pastoral leadership, make decisions relating to grants on the merit of each case and taking into account the financial position of the Trust.
Small company provisions
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees’ report was approved by the board of trustees on ___ and signed on their behalf by:
Name: ____ Trustee/Director
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Independent examiner’s report to the directors of Meadowhead Christian Fellowship (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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.
Signed: ____ Susan Cochrane, FCA Employee of: VAS Community Accountancy The Circle 33, Rockingham Lane Sheffield S1 4FW
Date: _____
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Meadowhead Christian Fellowship
Statement of Financial Activities (incorporating an income and expenditure statement) for the year ended 31 March 2022
| Notes Income from: Grants and Donations 2 Charitable activities 3 Investments - bank interest Total income Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) Transfer between funds 13 Net movement on funds Total fund brought forward Total funds carried forward |
Unrestricted funds £ 148,864 7,563 37 |
Restricted funds £ 24,317 87 - |
Total Unrestricted 2022 funds £ £ 173,181 142,410 7,650 1,761 37 179 180,868 144,350 175,659 136,498 175,659 136,498 5,209 7,852 - 3,000 5,209 10,852 387,862 271,903 393,071 282,755 |
Total Unrestricted 2022 funds £ £ 173,181 142,410 7,650 1,761 37 179 180,868 144,350 175,659 136,498 175,659 136,498 5,209 7,852 - 3,000 5,209 10,852 387,862 271,903 393,071 282,755 |
Restricted funds £ 44,482 - - |
Total 2021 £ 186,892 1,761 179 |
|---|---|---|---|---|---|---|
| 156,464 | 24,404 | 144,350 | 44,482 | 188,832 | ||
| 152,892 | 22,767 | 136,498 | 31,213 | 167,711 | ||
| 152,892 | 22,767 | 136,498 | 31,213 | 167,711 | ||
| 3,572 80 |
1,637 (80) |
7,852 3,000 |
13,269 (3,000) |
21,121 - |
||
| 3,652 282,755 |
1,557 105,107 |
10,852 271,903 |
10,269 94,838 |
21,121 366,741 |
||
| 286,407 | 106,664 | 282,755 | 105,107 | 387,862 |
The statement of financial activities includes all gains and losses recognised in the year.
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Meadowhead Christian Fellowship
Balance Sheet
as at 31 March 2022
| Notes Fixed assets Tangible fixed assets 10 Current assets Debtors 11 Cash at bank and in hand Total current assets Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Total net assets Funds of the Charity Unrestricted funds Restricted funds 13 Total funds 14 |
2022 £ 160,449 |
2021 £ 166,154 |
|---|---|---|
| 25,563 210,793 |
25,821 200,098 |
|
| 236,356 (3,734) |
225,919 (4,211) |
|
| 232,622 232,622 - |
221,708 221,708 - |
|
| 393,071 | 387,862 | |
| 286,407 106,664 |
282,755 105,107 |
|
| 393,071 | 387,862 |
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director's acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime and in accordance with FRS102 SORP.
The financial statements were approved and authorised for issue by the Board on ____ and signed on their behalf by:
Name:
Trustee/director
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Meadowhead Christian Fellowship
Notes to the Accounts for the year ended 31 March 2022
1 Accounting Policies
(a) General
Meadowhead Christian Fellowship is a charitable company in the United Kingdom limited by guarantee. In the event that the charity is wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows.
Meadowhead Christian Fellowship meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.
(b) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for tax recoverable. Any amount of tax recoverable from HM Revenue & Customs but not received at the year end is shown within the charity's debtors.
The charity has relied significantly upon volunteers in carrying out its activities during the year. In accordance with paragraph 6.18 of the SORP, the role of volunteers has not been recognised as income from donated services in the accounts.
(c) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
(d) Grants payable
Grants payable are provided for at the earlier of when they are paid or become constructive obligations.
The charity provides pastoral support, mission support and donation in the UK and around the world. Where a particular individual/organisation has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability. Whilst the support has no final end date, the trustees assess support on an annual basis and are confident that the those supported would not view their support as an open ended obligation on the part of the charity. The annual commitment only is accounted for in these financial statements.
(e) Fund accounting
Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.
Restricted funds are either donations which the donor has specified are to be used solely for particular areas of the charity's work or grant income sought for specific activities.
(f) Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off cost of those assets , less their residual value, over their expected useful lives on the following basis:
Freehold property - 2% reducing balance Leasehold property - Straight line Fixtures, fittings and equipment - 25% Straight line
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Meadowhead Christian Fellowship
Notes to the Accounts - continued for the year ended 31 March 2022
(g) Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.
(h) Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement
(i) Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
(j) Defined contribution pension scheme
The charity contributes to a defined contribution pension scheme for the benefit of the employees. The pension costs charged are the contributions payable to the scheme in respect of the accounting period in accordance with FRS102.
(k) Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
(l) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
2 Income from grants and donations
| Tithes and offerings Mission donations Other donations Youth work Grants |
Unrestricted funds £ 147,692 - - 120 1,052 |
Restricted funds £ 6,602 17,715 - - - |
Total 2022 £ 154,294 17,715 - 120 1,052 173,181 |
Unrestricted funds £ 142,160 - - 250 - 142,410 |
Restricted funds £ 12,829 20,529 6,124 - 5,000 |
Total 2021 £ 154,989 20,529 6,124 250 5,000 |
|---|---|---|---|---|---|---|
| 148,864 | 24,317 | 44,482 | 186,892 |
3 Income from charitable activities
| Other activities | Unrestricted funds £ 7,563 |
Restricted funds £ 87 |
Total 2022 £ 7,650 7,650 |
Unrestricted funds £ 1,761 1,761 |
Restricted funds £ - |
Total 2021 £ 1,761 |
|---|---|---|---|---|---|---|
| 7,563 | 87 | - | 1,761 |
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Meadowhead Christian Fellowship
Notes to the Accounts - continued for the year ended 31 March 2022
4 Expenditure on Charitable Activities
| Unrestricted Note funds £ Staff costs 5 80,465 Pastoral support 8 14,978 Youth work and social expenses 10,915 Ministry and resources 1,159 Mission support and donations 8 13,621 Establishment costs 14,636 Office expenses 2,585 Professional fees 9 3,447 Depreciation 11,086 152,892 |
Unrestricted Note funds £ Staff costs 5 80,465 Pastoral support 8 14,978 Youth work and social expenses 10,915 Ministry and resources 1,159 Mission support and donations 8 13,621 Establishment costs 14,636 Office expenses 2,585 Professional fees 9 3,447 Depreciation 11,086 152,892 |
Restricted funds £ - - 5,052 - 17,715 - - - - |
Total 2022 £ 80,465 14,978 15,967 1,159 31,336 14,636 2,585 3,447 11,086 175,659 |
Unrestricted funds £ 81,193 11,027 9,594 299 8,259 10,714 2,618 2,549 10,245 136,498 |
Restricted funds £ - 6,124 4,560 - 20,529 - - - - |
Total 2021 £ 81,193 17,151 14,154 299 28,788 10,714 2,618 2,549 10,245 |
|---|---|---|---|---|---|---|
| 152,892 | 22,767 | 31,213 | 167,711 |
5 Staff costs
| Salaries Employer's National Insurance contributions Employer's allowance |
2022 £ 77,440 7,025 (4,000) |
2021 £ 78,058 7,135 (4,000) |
|---|---|---|
| 80,465 | 81,193 |
No employee receives emoluments in excess of £60,000. The average monthly numbers of employees during the year for pastoral provision and administration was 3 (2021: 3).
6 Trustee remuneration and expenses, and the cost of key management personnel
The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2021: £nil) neither were they reimbursed expenses during the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).
The key management personnel of the charity, comprise the trustees, Senior Pastor and Church Administrator. The total employee benefits of the key management personnel of the charity were £59,670 (2020: £59,995).
7 Related Party Transactions
Trustees, key management and their close family gave £28,390 unrestricted donations and £2,145 restricted donations during the year.
The husband of Mrs K Dunning, trustee, was employed by the charity during the year. He received £45,750 remuneration. Mrs K Dunning is not part of the remuneration committee which is made up of the other trustees and she is therefore not involved in any discussions or decisions regarding her husband’s terms of employment.
The daughter of Mr R D Butters, a trustee, received Mission support of £1,725 and pastoral support of £231 during the year. Mr R D Butters was not involved in the decision to offer support nor in setting the amount of any support given from general funds to be given to his daughter. Mr R D Butters resigned as a trustee on 16 November 2011.
One elder, who is also key management, was reimbursed expenses during the year totalling £441.
N Lugg, a trustee, is also a trustee of CiCA UK. During the year mission support of £1,376 was paid to CiCA UK.
There were no other related party transactions during the year.
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Meadowhead Christian Fellowship
Notes to the Accounts - continued for the year ended 31 March 2022
8 Expenditure on charitable activity - pastoral support, mission support and donations
| Support of individuals Support of organisations GAP Ministries CLC International The work of G & S Reed in Sachibondu, Zambia RAJ Ministries, India Flag Church, India Philippine Outreach Centre Ministries - Philippines CICA UK - Africa Lordsway Foundation Echoes International Jehovah Jireh Ministries Donations under £1,000 in the year |
Pastoral Support £ 13,961 - - - - - - - - - - 1,017 14,978 |
Mission support and donations £ 5,725 1,500 1,612 1,353 5,127 5,530 1,680 1,376 2,237 2,059 1,261 1,875 |
2022 Total £ 19,686 1,500 1,612 1,353 5,127 5,530 1,680 1,376 2,237 2,059 1,261 2,892 |
|---|---|---|---|
| 31,336 | 46,314 |
In the year ended 31 March 2021 total expenditure of £45,939; £17,151 pasterol support, £28,788 mission support and donations.
9 Independent examination fees
| Included within professional fees is the following: Independent examination fee |
2022 £ 864 |
2021 £ 840 |
|---|---|---|
No other fees were paid to the independent examiner's organisation.
10 Tangible fixed assets
| Cost As at 1 April 2021 Additions As at 31 March 2022 Depreciation As at 1 April 2021 Charge this period As at 31 March 2022 Net book value As at 31 March 2022 As at 31 March 2021 Debtors Income tax recoverable under gift aid Prepayments |
Freehold Land and Buildings £ 154,538 - 154,538 11,701 2,858 14,559 139,979 142,837 |
Leasehold Property £ 44,101 - 44,101 23,864 5,513 29,377 14,724 20,237 |
Fixtures, fittings and Equipment £ 42,711 5,381 |
Total £ 241,350 5,381 |
|---|---|---|---|---|
| 48,092 | 246,731 | |||
| 39,631 2,715 |
75,196 11,086 |
|||
| 42,346 | 86,282 | |||
| 5,746 | 160,449 | |||
| 3,080 | 166,154 | |||
| 2022 £ 24,950 613 |
2021 £ 24,897 924 |
|||
| 25,563 | 25,821 |
11 Debtors
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Meadowhead Christian Fellowship
Notes to the Accounts - continued for the year ended 31 March 2022
12 Creditors: amounts falling due within one year
| Other taxes and social security Accruals 13 Restricted funds Mission fund Building fund Other activities |
Balance at 1-Apr-21 £ - 97,981 7,126 |
Income £ 17,715 5,800 889 24,404 |
Expenditure £ (17,715) - (5,052) (22,767) |
2022 £ 1,723 2,011 |
2021 £ 2,621 1,590 |
|---|---|---|---|---|---|
| 3,734 | 4,211 | ||||
| Transfer £ - - (80) |
Balance at 31-Mar-22 £ - 103,781 2,883 |
||||
| 105,107 | (80) | 106,664 |
Mission fund
The fund supports pastoral and welfare work.
Building fund
The fund represents restriction donations in respect of property purchase and related building costs.
Other activities
Other activities restricted fund includes the Parish Nursing provision, support of the community café, a clothes bank and volunteer training and development.
| Prior year Mission fund Building fund Other activities |
Balance at 1-Apr-20 £ - 88,252 6,586 |
Income £ 20,529 12,729 11,224 44,482 |
Expenditure £ (20,529) - (10,684) (31,213) |
Transfer £ - (3,000) - |
Balance at 31-Mar-21 £ - 97,981 7,126 |
|---|---|---|---|---|---|
| 94,838 | (3,000) | 105,107 |
14 Net assets by fund
| Tangible fixed assets Current assets Current liabilities |
Unrestricted funds £ 160,449 129,208 (3,250) |
Restricted 2022 funds Total £ £ - 160,449 107,148 236,356 (484) (3,734) 106,664 393,071 |
Unrestricted funds £ 166,154 120,320 (3,719) 282,755 |
Restricted funds £ - 105,599 (492) |
2021 Total £ 166,154 225,919 (4,211) |
|---|---|---|---|---|---|
| 286,407 | 105,107 | 387,862 |
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Meadowhead Christian Fellowship
Notes to the Accounts - continued for the year ended 31 March 2022
15 Operating lease commitments
At 31 March 2022 the charity was committed to making the following payments under other operating leases as follows:
| Operating lease payments: Within 1 year Within 2 to 5 years |
2022 £ 7,200 13,800 |
2020 £ 7,200 21,000 |
|---|---|---|
| 21,000 | 28,200 |
Operating lease commitments are detailed excluding any COVID-19 rent-free periods.
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