## **Thames Valley Churches of Christ** (A company limited by guarantee) **Registered Company Number: 04767513 Registered Charity Number: 1099382** **TRUSTEESREPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** pg. 1 ## **CONTENTS** **Page** Legal and Administrative Details 3 Trustees’ Report 4 - 7 Independent Examiners Report 8 Statement of Financial Activities 9 Balance Sheet 10 Notes to the Financial Statements 11 - 16 pg. 2 Thames Valley Churches of Christ LEGAL AND ADMINISTRATIVE DETAILS TRUSTEES Dr Jasminder Mankoo Mr. Chrislopher Birtles MINISTERS Mr. Timothy Dannatt Mrs. Siobhan Dannatt COMPANY SECRETARY AND ADMINISTRATOR Dennis Obongonyinge ACMA REGISTERED OFFICE 137 Deepcut Bridge Road Oeepcut Camberley Suirey GU16 6SD LEGAL STATUS Thames Valley Churches ol Chrisl is a company limited by guarantee incorporated on 16th May 2003. Registration No.04767513. Registered with the Charity Commission - Registration No 1099382 Thames Valley Churches of Christ Truslees. report for the year ended 31 December 2021 The Trustees present Iheir annual report and independently examined financial slalemenls lor the year ended 31 December 2021 Struclure, governance and m8nagement Thames Valley Churches of Chrisl is a company limrted by guaranleg (Company Number 4767513}. 11 is also a registered charity (Charty Number 1099382). Both regislralions are in England and Wales. The organisalions, registered addrgss is. 137 Deepcul Bridge Road. Deepcul, Camberley, surrey, GU16 6SD. Because ol its. dual status as a company and a charity, the same people serve as its company Directors and charity Trustees. A list ol those serving is given on page l. In this docurnenl, the term 'Truslee is Used. but this should also be taken lo imply the role ol Director Trustees, meetings are held face lo lace or online al least four limes per annum. The day-lo-day administration ol the chanty is delegated lo the 'Company Secretary.. The day to day "spiritual. leadership and guidance ol the charty is delegated lo "the Ministry leader and the women's ministry leader" Thames valley Churches ol Christ continues to have wam and independent links with a pov8ty-relief chanty cal￿d HOPE worldwide and continues lo encourage its members lo support their work. Publlc beneflt The Ifustees have complied with the duty sel out in section 17 01 ihe Charties Ael 2011 to have due regard lo public benefit guidance by the commission. All Iruslees give their lime voluntarily and receive no benefit from the charity. Any expenses reclaimed trom the charity by the trus18es are Sel out in note 6 to the accounts. Objectives and Actlvllies The objects ol Thames Valley Churches ol Chnst are defined in rts Articles of Association as follows: "Ih8 advancement of the Christian religion and the reliel ol poverty in the United Kingdom and elsewhere throughout the world" The main ways in which Thames Valley Churches ol Christ accomplishes its obj'ects are through: adult Ministry Ilhis includes prayer, leaching. praaehing. spirilLtal counselling and evangelism) youth and children's ministry assistance to the ne&Jy and the sick Prayer, teaching. counselling and evangelism Thames Valley Churches ol Christ aim to facililale the worship of God and lo promote the everyday application ol Chris's teachings. The charity continues lo locus on small groups in the counties ol Surrey. Hanls. Berkshire. Oorsel and Buckinghamshire. All the gfOUPS meet Ir8quently lo pray and Worship togelher and to receive biblical teaching. The chanty employed a fulltime pastoral worker and a women's leader. 11 also continued lo use the services ol a teaching and worship leader on a consultancy Isell-employedl contract. With the help and support ol members ol Ihg congregations the Sunday worship services, and mid-week meetings are open lo rnembers ol the wider community and visrtors are wel¢ome. All these activrties aim to losler and promote the everyday appI￿allOn ot Christ's teachings. P8.4 Thames Valley Churches of Christ Tru8tees' report for the year ended 31 December 2021 Youth and Children's ministry As in previous years the charity has pul resources into building an effective youth ministry for families within the congregations and their surrounding neighbourhoods. All youth and children's activities are organised with the safety and security ol the children al ils heart. The charity has subscribed lo the serviees ol the Churches Child Protection Advisory Serwice (now Thityone=eighll who provide an invaluable service in supporting this work. Weekly classgs this year were focused on creating an encouraging environment in which children can build an understanding of God and grow in their confidence and sell-esleern and develop an appreciation of the relevance and usefulness ol Christ in their everyday lives. The children are enwuraged to invite their friends and lamity along to Ihese events. Asslsllng the Needy and the Sick As in previous years the charty aims to meet the local needs among its members and in the local community- The Charity strives to imilale Jesus concem lor those in need by supporting and partnering with HOPE Worldwide la UK registered charity). This year the charity continued to support the work ol HOPE Worldwide in the UK, HOPE Worldwide in India (support for the "Village ol Hope"), HOPE Worldwide in Croatia I0￿hanage Prograrnmel and HOPE Worldwide in Nepal Isuw)ort for the school and community projects). As in previous and despite the Covid-19, members of the congregalions are encouraged to volunteer their time and lo contribute resources lo svpport Ihe work of HOPE Worfdwide. Aeh5evements in the year Like all other ofganisations. 2021 was a remarkable and challenging year due lo covid-19 and Ihe various Govemmenl responses to curb tfs spread. The small groups d8veloped capabilities lo meet weekly online and the small groups conlinue lo thrive and grow in membership. The youth ministry continued to engage and ir¢spire young people from within the church and the local community by using online resources. Leaders continue lo rise up in the small groups and locations and a wealth ol lalenl that is needed for the church to continue lo thrive is very encouraging. Financial review In overseeing the finances and administration ol the charity, the TNslees wish lo ensure that it compli8S with all relevant legislation and regulations. However. they also seek lo apply a high slandaid of sell- regulalion, as they seek to imitate the stsndard sel in the Bible by the Apostle Paul.. "We want to avoid any criticism of the way we administer this liberal gift. For we are taking pains to do whaf is right. not onty in the eyes of the Lord bul also in the eyes of men." 2 Cor 8.'20-21, Most donations are received Irom congregational members by standing orders.. The Trustees do not believe the ¢hanty is invofved in risky activity- All n¢e8ssary employers and public liability insurance policies are held and under constant review. The organisation was in good financial health during the year ended 31 December 2021. Tho accumulaled funds of £82.195 as al 31 Decemb8r 2021 12020= £93.7761 Thames Valley Churches of Christ Trustees, report for the year ended 31 December 21Y21 Future Plans The Injslees continue lo focus on growing the church with particular emphasis on the following- èncourage and support continued growth in our current congregations continue to seek new outreach and church plantings within the Thames Valley region continued support for the needy and the sick. Reeruil younger people into laadership ol tha Church. Principle risks The Trustees periodically review and update the organisation's risk register. Three headline risks concern safeguarding, and maintaining the goodwill ol church mernbers. These risks and a summary of our mrtigalion pLgns are described as follows-. Safeguarding the well-being ot children land vulnerable adults) in church care: the Trustees want lo have land be seen lo havel the highest standards in chihj protection. We are informed by advice trom Thityone-.eighl Ifomierly Churches Child Protection Advisory Service). All staff are required lo attend suitable training (both on appointment and periodically Ihereafterl. and we are expanding the Disclosure and Barring Service {DBS) checks to include all members regulaty involved in such activities. TnJst and goodwill of church mernbers-. the financial and operational eontinuty of the charity is intrinsically lied to the continued trusl and goodwill ol the church members towards the eharily, ils leadership and its eltecliveness in carrying out its purFX)se. We seek to protect and strengthen that goodwill through upholding the expectation ol wholehearted participation in the life ol the church by all ils members, healthy engagement with church leadership, and forums such as the Annual Church Meeting where questions about the church's finances and impact can be raised and addressed. Future leaders.. the Iruslees recognise Ihe need lo address the demographic gap within Ihe church. The Iruslees are working with the curTent leaders to develop a young professionals ministry lo act as a recruilmenl vehicle lor future leaders. Concluslons This report has demonstrated that Thames Valley Churches ol Christ is accomplishing ils objectives to spread the message and teachings ol Jesus Christ. and lo help those aflecled by poveity and sickness. In so doing, il is bringing benelils to wider sooiety and community through ils activities. The organisalion is in a sound financial position and is well placed to build on ils work in 2022. Approved by the Trustees, and signed on their beham on 31 October 2023 by Mr Christopher Blrtles Trustee pg.6 Thames Valley Churches of Christ Trustees, report for the year ended 31 December 2021 Statement of trustees, responsibililies Company law requires the Trustees lo prepare financial slalements that give a true and fair view ol the slate of affairs of the charity at the end of the financial year and of ils surplus or delicil for the financial year. In doing so the Trustees are required to: Select suitable accounting policies and then apply them consistently- Make sound judgements and eslimales that are reasonable and prudent; and Prepare the financial slalemenls on the going concem basis unless rt is inappropriale to presume that the charity will continue in business. The Trustoes ale responsible lor maintaining proper accounting records which disclose within reasonable accuracy al any lime the financial position ol the chanty and enables them lo ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible lor saleguarding the assets ol the charity and hence lor taking reasonable steps lor the prevention and detection ol fraud and other irregularilies. In accordance with company law, as the company's Directors. we Certify that.. so lar as we are aware. there is no relèvant audit information of which tho cornpanVs audttors are unaware.. and as the Directors of the company we have taken all the steps that we ouglft to have taken in order lo rnake ourselves aware ol any relevant audrt information and lo establish that the chan￿S auditors are aware ol that in lormatTron. These linancial statements have been prepared in accordance with the provisions of the Companies Acl 2(KJ6 appI￿able to company's subject to the small companies. regime. Approved by the Trusle8s, and signed on their behall on 31 October 2023 by Mr Christopher Birtles Tru8tee P8.7 Independent Examiners Report Independent Examlner's Report to the Irustees of Thames Valley Churches of Christ. I report on the accounts for the year ended 31st December 2021 which are sel out in the Yhe Trustees Report & Financial Stalements. lor year ended 3111 December 2021. Respeclive responsibilities ol the Tru81ees and Independent Examlner As Ihe charity's trust8es of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requiremenls of the Companies Act 20061'lhe 2006 Act'l. 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 respecl of my examination ol your charity's accounts as carried out under section 145 of the Charities Act 2011 Ilhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by Ihe Chartty Commission under s8Ction 145(5) (b} of the 2011 Act. Independent examiner's statement I have completed my axamination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo 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. thé accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair view which is not a matter Considered as part of an independenl examination., or 4. the accounts have not been prepared in accordance with the methods and principles of Ihe Statement ol Recommended Practice lor accounting and reporting by charities lapplicable lo 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. J IJ Johanna Tebbs (Accounlanti 31st October 2023 Thames Valley Churches of Christ Statement of Financial Activrties For the yoar ended 31 December 2021 R88trleted HOPÉ Worldwide Project¥ funds UnrvJtrl¢t¢ lund• Benevolenc e fund8 Total Funds Tolal Fund8 Nots% Inci)me from.. Donations 187,204 51,867 240.071 224.514 Toi•l Income 187.204 61.e67 240.071 224,514 Expendilure on.. Ch•rltable Hctlvltles Prexhng. t￿h1￿. ￿ar￿ & ¢wn5dh"ng Klngdorn kids & youth rnlnlslry 88n8vol8nc¢ & Mlssiors 163.937 128.594 27,724 124 27.724 5,880 51.867 59,991 Total expendltur• 191,785 57,887 251,652 180,079 N•t Income I (Expenth￿rI> 14.SKII I7,(k￿l Balances brought forward at 1 January 2021 11A02 49.341 8alanees carrl•d lO￿ard at 31 Decembar 2021 11.802 There were no recognised gains and losses for the year other than those included in the Slalement ol Finaneial Activities. All activities ol the charty were derived from continuing aclivilies. P8.9 ## **Thames Valley Churches of Christ** ## **Balance Sheet as at 31 December 2021** ||**Notes**||**2021**|**2020**| |---|---|---|---|---| ||||**£**|**£**| |**FIXED ASSETS**||||| |Tangible assets for use by the charity||||| |**CURRENT ASSETS**||||| |Debtors|**5**||36,846|34,668| |Cash at bank and in hand|||72,033|69,219| |||108,879||103,887| |**CREDITORS: amounts falling due within**||||| |**one year**|**6**||26,684|10,111| |||||,| |**Net Current Assets**|||**82 ,1 95**
’|**93,776**| |**NET ASSETS**||
~~———~~|**82 ,1 95**|**93,776**| |**FUNDS**||||| |Restricted HOPE Worldwide Projects|**7**||11,802|11,802| |Restricted Benevolence|**7**||39,890|46,890| |Unrestricted|||30,503|35,084| |||**82 , , 195**
vst||**93 766**
»| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.' Approved by the Trustees, and signed on their behalf on 31[st ] October 2023 by ## **Christopher Birtles** **Trustee** pg, 10 Thames Valley Churches of Christ Noles to the Financi81 Statements lor the year ended 31 December 2021 Accountlng policles The principal accounting policies adopled by the Trustees in the preparation ol the financial statements are sel out below. The accounting policies have been applied consislenlly throughout the year and in the precading year. a) Basis of Accounting The financial statements are prepared in accordance with Accounting arHI Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arsd Republic ol Ireland IFRS 102}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Chanties Act 2011. They are drawn up on the historical accounting basis. The charity meets the definition ol a public benefit entity under FRS 102. The financial statements have been prepared on a going co￿eM basis. b) Incorne All income is r8eognised in the Staternonl ol Finan¢ial Activities when the cofidttions lor receipt have been mel and there is reasonable assurance of receipt and the amount can be quantiligd with reasonable accuracy. Where a claim lor repayment ol income lax has or will be made, such income is grossed up lor the tax recoverable. The lollowing specrfic policies are applied to categories of in¢ome= Donatlon8 Voluntary income is received by way ol donations and is included in full in the Sialemenl ol Financial Activities when receivable. Donations lo which the charity is enlilled bul which have not been received by the year end are included in income in the Statement ol Financial Activities and shown as debtors in the balance sheet. Tax rnclaimed on monies donoted under the Glft Aidscheme Income under this category is recognised in the financial statements on the dale that the underlying donation is received by the charity, where Ihe lax reclaim is made within thiee months ol ihe end ol the financial year. HOPE worldwlde UK Collections are often taken up on the Sunday services ol the chaTTty on beham of HOPE worldwide UK lo support the work of HOPE wortdwide UK and other HOPE wOrldw￿e affiliates around the world. These amounts are not included in the accounts of this charity. pg. 11 Thames Valley Churches of Christ Notes to the Financial Statements lor the year ended 31 December 2021 (conlinued) c) Expenditure Expenditure is recognised on an accnjal basis when a l￿bIlity incurred. Expenditure include any VAT whtch cannol be lully recovered and is reported as part of the expenditure lo which rt relates. Expenditure on Charitable activilies comprise those costs incurred by the charity in Ihe delNery ol its activities and setvices lor its beneficiaries. It includes both costs that can be allocated directly lo such activities and those costs ol an indirect nature necessary lo support them. All costs are allocated between expenditure categories of the Slalement ol Financial Activities on a basis consislenl with the use ol resources. Costs relating lo a aclivty are allocated directly. others are apportioned on an appropriate basis. d) Volunteers The value of seryices provided by volunteers is not incorpoialed into these financial stalemenls. Further details of the contribution made by volunteers can be found in the Trustees. roport. •) Fund accounting The charity maintains various types ol funds as follows.. Unrestrlcted fund This represents unraslricted income which is expendable at the discretion of the Trustees in furtherance of the objectives ol the charity. Such funds may be held lo finance both woiking capital and caprtal inveslfflenl. The charity at present has no designated funds. Restricted fund- HOPE Worldwide Pro1￿18 This represents donations which are given by the don0￿ for work with Hope Nepal and India Projects and are reslricled lo this use. Restricted fund- 8•nevolence This repTesenls donations which are given by the donors for bgnovolence work wrthin the church and local communities and are restricted lo this use. g) Tan9lble Fixed Assets The charity acquired no large a$5ets during the yoar. Fixed assets that cost less than £1,000 are written off in the year in the slalement ol financial activities. h) Pension costs The charity operates a defined contribution scheme through a regislered company ol investment specialists. Contributions are made on behall ol all qualifying employees who have elected to join the scheme. All required conlribulions during the period were accrued in accordance with the scheme's rules and charged lo the Statement of Financial Activities lor the year. P8. 12 Thames Valley Churches of Christ Notes to the Financial Slatemenls for the year ended 31 De¢ember 2021 (continued) il VAT The charity is exempt from VAT under HMRC r8gistralion threshold. l) Charitable commitments Charitable commitments which are legally binding on the Trustees are accounted lor as expendrture in the Slalement ol financial Activities. Where the promise of financial support is not binding on the Trustees, such intentions are accounted for by a transfer lo a designated reserve. Activities that are lo be wholly financed Irom future income do not form part ol such designation and aré disclosed in a note lo the accounts. Donations Donations represent restricted and unrestricted income donated by members of the church and visitors al midweek and Sunday meetings ol the charity in ils various locations and by standing order Donations Unrestricted A•stricted Total 2020 179,120 45,394 224.514 187,204 52.867 240,071 3 Expenditure on charltable actlvities Suppwt 2021 Costs Costs C95ts Total Tutll Direct charitable expendlture: Pr88chlng. le￿ng, evang8lBm & counsellirrfJ Kingdom & youth rnlnL￿ry 84,990 78.947 1&3.937 128,594 27.724 27.724 Bwevderre & mI￿￿S 59.991 45.605 1C6.871 40.021 251.652 1￿1,079 P8. 13 Thames Valley Churches of Christ Notes to the Financial Stalemonts for the year ended 31 December 2021 (conlinued) Support costs ¢omprise following: Preachlngi t•aching ev•ngelism & counselling Klngdom *ldB & youth mini81ry Be1￿¥0￿ne• and ml881on• Total Hall hire 6.￿7 Insura￿* a finaru diBrg85 IT & Offi¢è tosts 9541 9.541 LoTh1on gioup support Athnlnlslr8tion co 17.4LKI 17.4U) Church surWiÈs Freelance contrattor 42.584 42,584 Kids klngdomNoulh mlnlslry suppl186 Pastoral cw8 27.724 27.724 78.947 27.n4 106.671 4 Employees & trustees 2Qll 2010 Totsl Total Stsff coats comprls•'. Gross wages and tsal•rb•• Employof8 Natlonal In•urance Pen81on contribullon 86.766 e6.766 2,777 2.8fy) 4,49) 74.IY2 74.056 No members of staff earned more than £60.000 during the year lo 31 08cember 2021 or in the previous year. pg. 14 ## **Thames Valley Churches of Christ** **Notes to the Financial Statements for the year ended 31 December 2021 (continued)** ## **Trustees** No Trustee or person related to or connected by business to them has received any remuneration from the charity during the year for carrying out their duties as Trustees **.** ## **5 Debtors** |Gift Aid Recoverable
Other debtors|**2021**
**£**
20,000
9,803
**36,846**|**2020**
**£**
27,871
6,797,| |---|---|---| |||**34,668**| ## 6 **Creditors:** Amounts falling due within one year |Other taxes and social security costs
Accruals|**2021**
**£**
10,054
16,630
**26,984**|**2020**
**£**
4,577
5,534| |---|---|---| |||**10,111**| ## **7 Restricted funds** |**Brought forward as at 1 January 2021**
**Income**
**Expenditure**|**2021**
**Restricted HOPE**
**Worldwide**
**Projects**
**£**
11,802
51,867
(51,867)
**11,802**|**2021**
**Restricted**
**Benevolence**
**funds**
**£**
46,890
1,000
(8,800)
**39,890**|**2020**
**Total**
**£**
53,498
45,394
(40,200)| |---|---|---|---| ||||**59,692**| The HOPE Worldwide Projects restricted fund represents funds donated by members of the congregation to support the charity’s HOPE Worldwide projects in UK, Nepal, India and Croatia. The Benevolence Fund represent donations which are given by the donors for benevolence work within the church and local communities and are restricted to this use. pg. 15 Thames Valley Churches of Christ Notes to the Financial Statements for the year ended 31 December 2021 (continued) Taxalion The charity's activities are exempl from laxalion under Section 505 01 the Income and Cofporalion Taxes Act 1998. pg 16