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2022-12-31-accounts

Registered number: 04964286 Charity number: 1101080

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Directors and advisers 1
Directors' report 2 - 5
Directors' responsibilities statement 6
Independent examiner's report 7 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 26

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Directors

Alison Colchester, Chair Sarah Dobson Stephen Fenning Stephen Urwin Michael Walsh Oliver Westmancott

Company registered number

04964286

Charity registered number

1101080

Registered office

The Old Chapel, Forward Green, Stowmarket, Suffolk, IP14 5HP

Company secretary

Neil Serjeant

Independent examiners

Larking Gowen LLP, 1 Claydon Business Park, Great Blakenham, Ipswich, IP6 0NL

Bankers

Barclays Bank PLC, 14 Market Hill, Diss, Norfolk, IP22 4JU

Page 1

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The directors present their annual report and the financial statements of the charity for the year ended 31 December 2022. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by 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) (effective 1 January 2019).

Since the company qualifies as small under section 382, the strategic report require of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

1. Governance & Constitution

The Forge Community Church (“The Forge”) is Christian church operating in mid Suffolk. It is a registered charity and a company limited by guarantee. It is governed by its Articles of Association which were revised and approved by the Charity Commission on 9 December 2021 and formally adopted by members on 30 November 2022. Trustees are appointed by the trustees and also serve as directors of the limited company. The spiritual leadership of the church is provided by the Elders. The Elders serve as trustees and directors.

The Forge employs a staff team to which they delegate the day-to-day running of the church. The Senior Leader is appointed by the directors. Other staff are appointed by the Senior Leader in consultation with the directors. During 2022, the church employed 10 paid staff for at least part of the year. Several of these are part time, and the average Full Time Equivalent headcount was 6.8, 0.5 FTE less than in 2021.

The Directors have established 4 teams to assist them in the exercise of their responsibilities. The Finance Team provides scrutiny, challenges and support in financial management and budgeting. The People Team scrutinises and supports on people issues, including recruitment and selection, performance reviews, pay scales, policies and procedures. The Compliance Team oversees statutory and legal compliance, for example Health & Safety and risk review. It is, in turn, supported by a dedicated Safeguarding Team who ensure children and vulnerable adults are kept safe. The Elders provide spiritual oversight. Each team provides a report to the board each Quarter.

The charitable objects of The Forge are:

A) To advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule hereto in the county of Suffolk and in such other parts of the United Kingdom or the world as the directors of the Charity (herein called the Trustees) may from time-to-time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity

B) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the trustees may from time-to-time think fit.

2. Mission and Vision

The Forge seeks to fulfil its charitable objects through its mission to help people find and follow Jesus. Its vision is to be a church community that unchurched people love to be part of. It seeks to be known, involved and helpful in its local community.

Page 2

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

With dedicated public activities for adults, young people and children, The Forge has continued to strive to create a loving and supportive community of people aligned with the person and teaching of Jesus Christ and encouraging people always to identify and take the next step in their journey of faith. It has continued to do this in a way that places no unnecessary hindrance to anyone of any background from participating in our activities and becoming part of the church. We constantly monitor our programme, language and approach to ensure we are accessible to anyone and everyone.

We intentionally gave away around 15% of our income to support those in need locally and internationally, operating in partnership with other agencies and charities.

The Forge works in partnership with other churches in the UK and Ireland with similar mission and vision. This partnership is demonstrated tangibly in our membership of the Further Faster Network. The Forge is also a member of the Evangelical Alliance.

3. Activities for Public Benefit, Achievements and Performance

2022 was largely free of pandemic restrictions. Nevertheless, changes to patterns of church attendance prompted by the pandemic persisted. People’s adherence has become more fluid and less attendancefocussed. These changes continued to affect Sunday attendance and income.

Sundays

Numbers at all gatherings – kids, youth and adults – were variable, but the trend over the second half of the year was of steady growth in numbers, confidence and enthusiasm. Adult numbers started at around 100 and grew to 130-160 by the end of the year. Our Christmas attendance was 747 over 3 services on 18 December. Kids and Youth saw attendance around 60 growing to around 70 by the end of the year.

Meanwhile, we continued to stream a weekly service online. “Attendance” fluctuates between 50 and 100 people or groups of people watching online.

Local Community

The Forge continued to support the local community in which it is based:

• During 2022 the Furniture Bank made 112 collections of donated furniture and made 151 deliveries to households in need. This had a direct impact on approximately 400 people.

• The Moses Project put together and delivered 124 Moses baskets, the financial value of which was around £10,000, providing over 100 vulnerable mothers with essential items for their new-born baby.

• Through the hardship fund we were able to give one off gifts totalling £12,000. This went to buying white goods, school uniform, heating oil, transport costs and impacted over 60 different households.

• The Away in a Hamper scheme at Christmas provided a full Christmas dinner to 130 households, feeding and estimated 400 people. To make this happen we raised over £9,000 from sources inside and outside the church.

• In collaboration with Debenham Parish Church and Debenham High School, The Forge re-instated its open access youth work in Debenham. This took the form of monthly community youth work with a quarterly drop-in session. For 2023 the team is evaluating with the High School whether a switch to after school activities focussed on young people who would otherwise return to an empty home would be more valuable.

• The Forge and the Parish Church continued to provide chaplaincy support for students at Debenham High School.

Page 3

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Groups

The church continues to believe that personal growth happens best in small groups. Around 160 people participate in a 10-week or 10-month group. Of these some were focussed on providing community for participants others more on practical learning or a shared interest such as creative writing. Groups meet in person and/or online. The church is encouraged by powerful stories of people finding support and friendship in groups as they have done life together, helping them to cope with the ups and downs of life.

Motion, our offering for teenagers, includes hangout groups as an integral part of their Sunday activity, providing young people with a safe place to build friendships and ask questions.

Volunteers

The church is heavily dependent on its volunteers. Group Leaders provide leadership and pastoral support. Our in-person gatherings rely on the willingness of our volunteers who have provided set up and pack down, hospitality, welcome, sound and light, music and have worked with our kids and youth. In so doing these volunteers provide public benefit, but also receive benefit, finding satisfaction, friendship, and support through serving.

Numbers

At the end of the year, in excess of 300 adults were registered on our church management system and would call The Forge their home.

4. Financial Review

Surplus and Reserves

Income was below the previous year, and expenditure was higher. The deficit for the year amounted to £57,007.

In January 2022 the Finance Team recommended a minimum level of reserves for 2022 of £42,000. At the end of the year the church reported cash at bank and in hand of £99,160 and carried forward reserves of £246,188, of which £235,235 is unrestricted. Whilst this is in excess of the minimum reserves level set, the Directors approved this level of reserves. They recognise that re-building the church after the pandemic will require investment for future growth. The higher level of reserves puts the charity in a strong position to make this investment. Whilst the budget for 2023 is balanced, the Directors are cognisant of some risks to income - for example budgeted growth in regular donations to the church, the targets for Gift Month and Fundraising income, and securing grant funding for some existing staff costs - and wish to have sufficient additional reserves temporarily to cover any shortfalls.

Income

Income from donations fell by 6% to £356,289. A number of regular donors left the church, and there is a lag between new people starting to meet with us and becoming sufficiently involved to start giving.

Income from Charitable Activities was £20,071, a significant increase on the previous year (2021: £11,436) . Most of it related to restricted grant funding for projects, specifically post-pandemic money to support families channelled through the church’s Hardship Fund, and support for open access youth work in Debenham and youth work in local High Schools.

There was no Other Income in the year, given that this was primarily furlough income in the prior year (2021: £31,043 ).

Page 4

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Expenditure increased as we began to meet in person again from June, incurring Venue Hire charges and hospitality costs. Staff costs represent the single biggest cost of the organisation at £226,947, representing about 62% of total costs (excluding Mission Payments).

The church continued to donate to its overseas Mission partners, Hands at Work in Africa (Africa), Street Kids Direct (Guatemala and Honduras) and Sirac Baptist Church (Croatia). Support was to individuals volunteering with those organisations and to support the work that the organisations undertake. Support in 2022 amounted to £66,885 ( 2021: £42,329 ). Due to restrictions, once again in 2022 no short-term mission trips were undertaken.

This report has been prepared taking advantage of the small companies exemption of Part 15 of the Companies Act 2006.

Approved by order of the members of the board of Directors and signed on their behalf by:

................................................ Stephen Urwin Directors and Trustee Date:

Page 5

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

STATEMENT OF DIRECTORS' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022

The Directors (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year. Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Directors and signed on its behalf by:

................................................ Stephen Urwin Directors and Trustee Date:

Page 6

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Independent examiner's report to the Directors of The Forge Community Church ('the Company')

I report to the charity Directors on my examination of the accounts of the Company for the year ended 31 December 2022.

Responsibilities and basis of report

As the Directors 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 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 the Company's accounts 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

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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.

Page 7

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

This report is made solely to the Company's Directors, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Directors those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Directors as a body, for my work or for this report.

Signed: Christopher Yeates FCA DChA

Larking Gowen LLP

Chartered Accountants Ipswich

14 August 2023

Page 8

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
329,951
371
104
-
330,426
374,727
374,727
(44,301)
279,536
(44,301)
235,235		 Restricted
funds
2022
£
26,338
19,700
-
-
46,038
58,744
58,744
(12,706)
23,659
(12,706)
10,953		 Total
funds
2022
£
356,289
20,071
104
-
376,464
433,471
433,471
(57,007)
303,195
(57,007)
246,188		 Total
funds
2021
£
378,657
11,436
101
31,043
421,237
413,955
413,955
7,282
295,913
7,282
303,195

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 26 form part of these financial statements.

Page 9

THE FORGE COMMUNITY CHURCH (A company limited by guarantee) REGISTERED NUMBER: 04964286

BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 9,166
99,160
108,326
(41,441)		 2022
£
179,303
179,303
66,885
246,188
10,953
235,235
246,188		 9,197
158,449
167,646
(34,644)		 2021
£
170,193
170,193
133,002
303,195
23,659
279,536
303,195

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Directors and signed on their behalf by:

................................................ Stephen Urwin Directors and Trustee Date:

The notes on pages 11 to 26 form part of these financial statements.

Page 10

THE FORGE COMMUNITY CHURCH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. General information

The Forge Community Church is a company limited by guarantee incorporated in England and Wales, registered number 04964286. The registered office is The Old Chapel, Forward Green, Earl Stonham, Stowmarket, Suffolk, IP14 5HP.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Forge Community Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Directors have considered the Charity’s position at the time of signing the financial statements, and in particular the Charity's forecasts and projections alongside its current financial position and cash available.

Based on this, the Directors have a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future and at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Page 11

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the company‘s operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the Bank.

2.7 Tangible fixed assets and depreciation

All assets are capitalised if they can be used for more than one year.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.

Page 12

THE FORGE COMMUNITY CHURCH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation (continued)

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings

25% Reducing balance

No depreciation is charged on the land and freehold property.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Page 13

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Unrestricted
funds
2022
£
Donations
329,242
Contribution to mission trips and activities
709
329,951
Unrestricted
funds
2021
£
Donations
327,127
Contribution to mission trips and activities
5,795
332,922		 Restricted
funds
2022
£
25,877
461
26,338
Restricted
funds
2021
£
45,236
499
45,735		 Total
funds
2022
£
355,119
1,170
356,289
Total
funds
2021
£
372,363
6,294
378,657

Page 14

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4. Income from charitable activities

Unrestricted
funds
2022
Restricted
funds
2022
£
£
Church activities
371
-
Government grants
-
-
Other grants
-
19,700
371
19,700
Unrestricted
funds
2021
Restricted
funds
2021
£
£
Church activities
413
-
Government grants
-
3,020
Other grants
-
8,003
413
11,023
5.
Investment income
Unrestricted
funds
2022
£
Investment income
104		 Total
funds
2022
£
371
-
19,700
20,071
Total
funds
2021
£
413
3,020
8,003
11,436
Total
funds
2022
£
104

Page 15

THE FORGE COMMUNITY CHURCH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. Investment income (continued)

Investment income
Rental and leasing income		 Unrestricted
funds
2021
£
21
80
101		 Total
funds
2021
£
21
80
101

6. Other incoming resources

Government grants
Unrestricted
funds
2021
£
Government grants
31,043		 Total
funds
2022
£
-
Total
funds
2021
£
31,043

The charity furloughed staff under the government's Coronavirus Job Retention Scheme. The funding received was £NIL (2021: £31,043) and the respective staff costs are included within note 10.

Page 16

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure by activities

Church activities
Mission payments
Church activities
Mission payments		 Activities
undertaken
directly
2022
£
245,709
500
246,209
Activities
undertaken
directly
2021
£
247,013
4,745
251,758		 Grant
funding of
activities
2022
£
18,000
66,885
84,885
Grant
funding of
activities
2021
£
24,000
42,329
66,329		 Support
costs
2022
£
101,298
1,079
102,377
Support
costs
2021
£
94,368
1,500
95,868		 Total
funds
2022
£
365,007
68,464
433,471
Total
funds
2021
£
365,381
48,574
413,955

Analysis of direct costs

Staff costs
Mission payments
Volunteer costs
Motor and travel
Staff development and recruitment
Bank interest and charges
Other direct costs		 Church
activities
2022
£
226,947
-
914
13,417
3,401
287
743
245,709		 Mission
Payments
2022
£
-
500
-
-
-
-
-
500		 Total
funds
2022
£
226,947
500
914
13,417
3,401
287
743
246,209

Page 17

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Staff costs
Mission payments
Volunteer costs
Motor and travel
Staff development and recruitment
Bank interest and charges
Other direct costs		 Church
activities
2021
£
234,946
-
353
6,667
3,508
213
1,326
247,013		 Mission
Payments
2021
£
-
4,745
-
-
-
-
-
4,745		 Total
funds
2021
£
234,946
4,745
353
6,667
3,508
213
1,326
251,758

Page 18

THE FORGE COMMUNITY CHURCH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Books and materials
Refreshments
Equipment
Mission trip support costs
Hall hire
Water
Insurance
Light and heat
Telephone
Repairs and maintenance
Subscriptions
Advertising
Independent examiner's fee
Legal and professional fees
Charity donations
Visiting speakers
Events and outings
Services bought in
Office expenses
Bad debt		 Church
activities
2022
£
10,370
6,112
5,322
5,332
-
24,431
141
3,045
2,761
2,163
3,845
4,512
492
3,000
1,466
400
1,250
2,942
14,648
8,966
100
101,298		 Mission
Payments
2022
£
-
-
-
-
1,079
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,079		 Total
funds
2022
£
10,370
6,112
5,322
5,332
1,079
24,431
141
3,045
2,761
2,163
3,845
4,512
492
3,000
1,466
400
1,250
2,942
14,648
8,966
100
102,377

Page 19

(A company limited by guarantee)

THE FORGE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Depreciation
Books and materials
Refreshments
Equipment
Mission trip support costs
Hall hire
Water
Insurance
Light and heat
Telephone
Repairs and maintenance
Subscriptions
Advertising
Independent examiner's fee
Legal and professional fees
Visiting speakers
Events and outings
Services bought in
Office expenses		 Church
activities
2021
£
8,310
2,424
6,079
5,344
-
10,102
34
2,875
2,422
2,957
5,179
6,210
607
2,880
7,259
350
1,129
17,165
13,042
94,368		 Mission
Payments
2021
£
-
-
-
-
1,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,500		 Total
funds
2021
£
8,310
2,424
6,079
5,344
1,500
10,102
34
2,875
2,422
2,957
5,179
6,210
607
2,880
7,259
350
1,129
17,165
13,042
95,868

8. Analysis of grants

Church activities
Mission Payments		 Grants to
Institutions
2022
£
18,000
23,422
41,422		 Grants to
Individuals
2022
£
-
43,463
43,463		 Total
funds
2022
£
18,000
66,885
84,885

Page 20

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

8. Analysis of grants (continued)

Church activities
Mission Payments		 Grants to
Institutions
2021
£
24,000
12,646
36,646		 Grants to
Individuals
2021
£
-
29,683
29,683		 Total
funds
2021
£
24,000
42,329
66,329

9. Independent examiner's remuneration

2022 2021
£ £
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 3,000 2,880

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
207,824
12,964
6,159
226,947		 2021
£
214,288
14,301
6,357
234,946

The average number of persons employed by the Company during the year was as follows:

2022 2021
No. No.
Employees 10 10

No employee received remuneration amounting to more than £60,000 in either year.

Total key management personnel compensation for the year (including employer pension contributions) was £34,246 (2021 - £34,009) , plus the related National Insurance amounting to £3,506 (2021 - £3,317 ).

Page 21

THE FORGE COMMUNITY CHURCH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11. Directors' remuneration and expenses

During the year, one Director has been paid remuneration or has received other benefits from an employment with the Company. Remuneration has been paid to the Director in the role as Senior Leader. The Director has been paid under the provision included in the the governing document of the charity. The value of remuneration and other benefits, since the date of appointment as a Director in the previous year, was as follows:

2022 2021
£ £
Stephen Fenning Remuneration 33,253 33,007
Pension contributions paid 993 1,002

During the year ended 31 December 2022, no Director expenses have been incurred (2021 - £NIL) , other than reimbursements on behalf of the charity.

12. Tangible fixed assets

Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Freehold
property
£
140,000
-
140,000
-
-
-
140,000
140,000		 Fixtures and
fittings
£
186,029
19,480
205,509
155,836
10,370
166,206
39,303
30,193		 Total
£
326,029
19,480
345,509
155,836
10,370
166,206
179,303
170,193

Page 22

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
-
5,218
3,948
9,166		 2021
£
350
5,718
3,129
9,197

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
12,311
3,854
13,548
11,728
41,441		 2021
£
11,151
4,784
7,070
11,639
34,644

Page 23

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Restricted Fund
Total of funds		 Balance at 1
January
2022
£
279,536
23,659
303,195		 Income
£
330,426
46,038
376,464		 Expenditure
£
(374,727)
(58,744)
(433,471)		 Balance at
31
December
2022
£
235,235
10,953
246,188

Restricted funds are held for the following purposes:

Page 24

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Restricted Fund
Total of funds		 Balance at
1 January
2021
£
283,882
12,031
295,913		 Income
£
364,479
56,758
421,237		 Expenditure
£
(368,825)
(45,130)
(413,955)		 Balance at
31
December
2021
£
279,536
23,659
303,195

Restricted funds as at the end of 2021 were held for the following purposes:

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
179,303
Current assets
97,373
Creditors due within one year
(41,441)
Total
235,235		 Restricted
funds
2022
£
-
10,953
-
10,953		 Total
funds
2022
£
179,303
108,326
(41,441)
246,188

Page 25

(A company limited by guarantee)

THE FORGE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
170,193
143,987
(34,644)
279,536		 Restricted
funds
2021
£
-
23,659
-
23,659		 Total
funds
2021
£
170,193
167,646
(34,644)
303,195

17. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £6,159 (2021 - £6,357) . Contributions totaling £1,159 (2021 - £1,208) were payable to the fund at the balance sheet date and are included in creditors.

18. Operating lease commitments

At 31 December 2022 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
3,356
7,053
10,409		 2021
£
3,356
10,409
13,765

19. Related party transactions

There are no related party transactions in the year that require disclosure (2021 - £NIL) , other than those disclosed in note 11.

Page 26