**Charity registration number 1101942**
**Company registration number 04964320 (England and Wales)**
## **BOURNEMOUTH COMMUNITY CHURCH**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
4 Brackley Close Bournemouth International Airport
Christchurch Dorset BH23 6SE
## **BOURNEMOUTH COMMUNITY CHURCH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Rev R Constantine Mr A Driscoll Mr R S Hurley Mr S M Matos Mrs N M Wilkinson Mrs S A Sherwood
**Charity number** 1101942 **Company number** 04964320 **Principal address** Life Centre 711 - 715 Wimborne Road Bournemouth BH9 2AU **Registered office** Life Centre 711 - 715 Wimborne Road Bournemouth BH9 2AU **Independent examiner** Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
## **BOURNEMOUTH COMMUNITY CHURCH**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5 - 6|
|Notes to the financial statements|7 - 16|
## **BOURNEMOUTH COMMUNITY CHURCH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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)".
## **Objectives and activities**
To advance the Christian Faith in accordance with the statement of beliefs appearing in the schedule hereto in Bournemouth and in such other parts of the United Kingdom or the World as 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.
To advance the education in accordance with Christian principals in the said locality and elsewhere as the Trustees may from time to time think fit.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
## **Notable activities and affiliations**
Bournemouth Community Church is affiliated to The Evangelical Alliance, a nationwide family of individuals, organisations and churches. There are no related parties under the terms of the Statement of Recommended Practice that inhibits this registered Charity from pursuing its own separate interests. The church continues to effectively pursue its objects by conducting special initiatives for church members to share their faith and invite contacts to appropriate meetings.
## **Community Involvement**
Bournemouth Community Church (BCC) planned a strategy for recovery and reconstruction in-line with the ongoing Covid-19 restrictions being lifted by the government. This included beginning regular in-person Sunday services, events, and staff returning to work where possible. Some online activities continued. The Lifecentre building saw further commercial lease agreements and renewals being made.
The Lifecentre building continued to remain open in order to facilitate essential NHS work and BCC's community support, and provide space for the ongoing work of:
- LIFEhouse as a signposting agency
- Food Bank, Munch Club
- NHS Blood Bank and Diabetic Eye Screen
- Accommodation for other Charitable organisations serving the local community
Other activities towards the second half of the year which restarted include: • 5 children's and youth clubs covering 5 to 18 years
- Listening Ear
- A senior citizens group
- Dementia Care group
- Family counselling
- Open days
- Community groups such as choirs
- Community Conferences
- Holiday clubs
- Lecture facilities & graduation ceremonies for universities and local schools
## **Development of the Facilities**
Further investment was made to the infrastructure of the building to improve the facilities for the community and inline with current health and safety requirements.
- 1 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **Financial review**
We continued to meet our financial obligations and ended the year with a surplus.
Total amount of reserves held at 31 December 2021 was £1,708,339 (2020: £1,698,136) of which £1,614,852 was unrestricted funds and £93,487 was restricted. The majority of the restricted funds balance is made up of amounts received for the solar panels installation.
The Charity's policy on reserves is that we will make a suitable provision for contractual liabilities. In this regard, it was resolved by the Trustees that when possible, a reserve be created for the payments of salaries. The Trustees do not intend to keep substantial reserves as the objects of the charity determine distribution of funds to fulfill these objects and would only be agreed where there is a known future commitment that demands creating such a reserve.
The major risk that the charity faces is a significant drop in numbers of committed members from whom the Charity receives the bulk of its income. Fulfilling our commitment to our staff and regular expenditure to achieve our objects in a declining income scenario would be our main concern but which we do not anticipate being an ongoing problem. We have a history of seeing needs met and we flag-up shortfalls in income or uncovered increased expenditure to the congregation who have always responded well. There is an appropriate balance between caution and faith and the elders and Trustees are committed to seeing this maintained.
## **Structure, governance and management**
The Charity is a company limited by guarantee and is governed by its memorandum and articles of association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Rev R Constantine
Mr A Driscoll Mr R S Hurley Mr S M Matos Mrs N M Wilkinson Mrs S A Sherwood
The Trustees are appointed by the Board of Trustees and can serve for an unlimited amount of time and are not suject to retirement by rotation. The governing document provides for a minimum of 3 Trustees at any one time,but shall not be subject to any maximum.
The Charity is managed by the Board of Trustees, who meet at regular intervals during the year to discuss the major issues affecting the Charity.
The trustees' report was approved by the Board of Trustees.
Rev R Constantine **Trustee**
21 September 2022
- 2 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BOURNEMOUTH COMMUNITY CHURCH**
I report to the trustees on my examination of the financial statements of Bournemouth Community Church (the charity) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’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 , 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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements 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 financial statements to be reached.
Harrisons Chartered Accountants
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
Dated: 21 September 2022
- 3 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
337,732
22,990
Investment income
**4**
2
-
Other income
**5**
126
-
**Total income**
337,860
22,990
**Expenditure on:**
Charitable activities
**6**
321,849
28,798
**Net income/(expenditure) for**
**the year/**
**Net movement in funds**
16,011
(5,808)
Fund balances at 1 January
2021
1,598,841
99,295
**Fund balances at 31**
**December 2021**
1,614,852
93,487|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2020**
**2020**
**£**
**£**
**£**
360,722
323,615
62,641
2
18
-
126
-
-
360,850
323,633
62,641
350,647
300,506
36,010
10,203
23,127
26,631
1,698,136
1,575,714
72,664
1,708,339
1,598,841
99,295|**Total**
**2020**
**£**
386,256
18
-|
|---|---|---|
|||386,274|
|||336,516|
|||49,758
1,648,378|
|||1,698,136|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2021**_
|**Notes**
**Fixed assets**
Tangible assets
**10**
Investments
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**15**
**Net assets**
**Income funds**
Restricted funds
**16**
Unrestricted funds|**2021**
**£**
**£**
2,352,508
100
2,352,608
496,378
137,644
634,022
(64,447)
569,575
2,922,183
(1,213,844)
1,708,339
93,487
1,614,852
1,708,339|**2020**
**£**
**£**
2,416,974
100
2,417,074
440,007
148,680
588,687
(30,279)
558,408
2,975,482
(1,277,346)
1,698,136
99,295
1,598,841
1,698,136|
|---|---|---|
- 5 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **BALANCE SHEET (CONTINUED)**
## _**AS AT 31 DECEMBER 2021**_
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 21 September 2022
Rev R Constantine
**Trustee**
## **Company registration number 04964320**
- 6 -
**BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **Charity information**
Bournemouth Community Church is a private company limited by guarantee incorporated in England and Wales. The registered office is Life Centre, 711 - 715 Wimborne Road, Bournemouth, BH9 2AU.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property (except Solar panels) 2% straight line Solar panels 4% straight line Fixtures and fittings 25% reducing balance Equipment 25% reducing balance Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
## **1.8 Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
## **1.9 Financial instruments**
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
- 8 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**£**
**£**
Offerings and donations
226,473
20,405
Legacies receivable
63,585
-
Government grant income
2,011
395
Gift aid tax refund
45,005
2,190
Youth fund
658
-
337,732
22,990|**Total**
Unrestricted
Restricted
funds
funds
**2021**
2020
2020
**£**
£
£
246,878
236,830
45,424
63,585
16,402
-
2,406
20,012
14,872
47,195
48,442
2,345
658
1,929
-
360,722
323,615
62,641|Total
2020
£
282,254
16,402
34,884
50,787
1,929|
|---|---|---|
|||386,256|
The charity benefits greatly from the involvement of its many volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
## **4 Investment income**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Interest receivable|2|18|
- 9 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**5**
**Other income**
**Unrestricted**
Total
**funds**
**2021**
2020
**£**
£
Net gain on disposal of tangible fixed assets
126
-
**6**
**Charitable activities**
**Church**
**activities**
**Church**
**activities**
**2021**
**2020**
**£**
**£**
Charitable activities costs
329,577
319,634
Share of governance costs (see note 7)
21,070
16,882
**Analysis by fund**
Unrestricted funds
321,849
300,506
Restricted funds
28,798
36,010
350,647
336,516|**5**
**Other income**
**Unrestricted**
Total
**funds**
**2021**
2020
**£**
£
Net gain on disposal of tangible fixed assets
126
-
**6**
**Charitable activities**
**Church**
**activities**
**Church**
**activities**
**2021**
**2020**
**£**
**£**
Charitable activities costs
329,577
319,634
Share of governance costs (see note 7)
21,070
16,882
**Analysis by fund**
Unrestricted funds
321,849
300,506
Restricted funds
28,798
36,010
350,647
336,516|Total
2020
£
-|
|---|---|---|
||||
||**2021**
**£**
329,577
21,070
321,849
28,798
350,647|**2020**
**£**
319,634
16,882|
|||300,506
36,010|
|||336,516|
|**7 Support costs**
Staff costs
Legal and professional fees
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
-
8,338
-
12,732
-
21,070
-
21,070|**2021**
**£**
8,338
12,732
21,070
21,070|Support
costs
Governance
costs
£
£
-
8,338
-
8,544
-
16,882
-
16,882|2020
£
8,338
8,544|
|---|---|---|---|---|
|||||16,882|
|||||16,882|
Governance costs includes payments of £1,733 (2020: £1,660) for independent examination fees.
- 10 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **8 Trustees**
Rev R Constantine, a Trustee, was paid a gross salary (including employers NI and employers pension) of £51,081 (2020: £52,569).
Mr A Driscoll, a Trustee, was paid a gross salary (including employers NI and employers pension) of £36,533 (2020: £35,446).
Mrs N M Wilkinson, a Trustee, was paid a gross salary (including employers NI and employers pension) of £13,617 (2020: £9,772).
Rev R Constantine, Mr A Driscoll and Mrs N M Wilkinson are remunerated for their services provided in the course of their employment and not for their services as Trustees.
During the year 3 trustees were reimbursed expenses totalling £1,104 (2020: £731) in respect of travel, phone and other general church activity expenses.
## **9 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2021**
**Number**
8
**2021**
**£**
138,165
9,255
15,037
162,457|**2020**
**Number**
10|
|---|---|---|
|||**2020**
**£**
141,238
7,529
13,978|
|||162,745|
There were no employees whose annual remuneration was more than £60,000.
- 11 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**10**
**Tangible fixed assets**
**Freehold**
**property**
**(except Solar**
**panels)**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 January 2021
2,925,853
99,814
Additions
-
-
Disposals
-
-
At 31 December 2021
2,925,853
99,814
**Depreciation and impairment**
At 1 January 2021
536,450
93,868
Depreciation charged in the year
60,396
1,486
Eliminated in respect of disposals
-
-
At 31 December 2021
596,846
95,354
**Carrying amount**
At 31 December 2021
2,329,007
4,460
At 31 December 2020
2,389,403
5,946|**Equipment Motor vehicles**
**£**
**£**
83,738
29,440
4,137
-
(499)
-
87,376
29,440
65,426
26,127
5,519
828
(125)
-
70,820
26,955
16,556
2,485
18,312
3,313|**Total**
**£**
3,138,845
4,137
(499)
3,142,483
721,871
68,229
(125)
789,975
2,352,508
2,416,974|
|---|---|---|
- 12 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **11 Fixed asset investments**
|**Cost or valuation**
At 1 January 2021 & 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020
Other investments comprise:
**Notes**
Investments in subsidiaries
**19**
**12**
**Debtors**
**Amounts falling due within one year:**
Amounts owed by subsidiary undertakings
Other debtors
**13**
**Loans and overdrafts**
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments|**Other**
**investments**
100
100
100
**2021**
**2020**
**£**
**£**
100
100
**2021**
**2020**
**£**
**£**
492,535
434,792
3,843
5,215
496,378
440,007
**2021**
**2020**
**£**
**£**
1,269,469
1,304,507
55,625
27,161
1,213,844
1,277,346
980,144
1,047,533|
|---|---|
Bank loans totalling £1,221,136 are secured by a fixed charge over the charity's freehold property.
- 13 -
## **BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**14**
**Creditors: amounts falling due within one year**
**Notes**
Bank loans
**13**
Other taxation and social security
Trade creditors
Accruals and deferred income
**15**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**13**|**2021**
**£**
55,625
3,779
2,301
2,742
64,447
**2021**
**£**
1,213,844|**2020**
**£**
27,161
-
426
2,692|
|---|---|---|
|||30,279|
|||**2020**
**£**
1,277,346|
- 14 -
**BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **16 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 January 2021**|**resources**|**expended**|**31 December**|
|||||**2021**|
||**£**|**£**|**£**|**£**|
|Room To Grow|9,912|12,030|(12,190)|9,752|
|Sleepsafe|1,890|-|(1,890)|-|
|Solar Panels|87,493|-|(3,758)|83,735|
|Staffing|-|8,395|(8,395)|-|
|Munch Club|-|2,565|(2,565)|-|
||99,295|22,990|(28,798)|93,487|
||Movement in funds|Movement in funds|||
|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 January 2020**|**resources**|**expended**|**31 December**|
|||||**2020**|
||**£**|**£**|**£**|**£**|
|Room To Grow|2,012|10,400|(2,500)|9,912|
|Sleepsafe|769|3,452|(2,331)|1,890|
|Solar Panels|69,883|19,489|(1,879)|87,493|
|Staffing|-|29,300|(29,300)|-|
||72,664|62,641|(36,010)|99,295|
Room to Grow: A restricted fund to provide the opportunity to give toward a larger facility, one with 'room to grow'. Once the facility is identified, these funds will go directly toward any mortgage required.
Sleepsafe: A restricted fund to assist a project run by local churches to provide a safe sleeping environment for rough sleepers in the local area.
Solar Panels: A restricted fund made up of council grants and other donations to install solar panels on the building.
Staffing: A restricted fund made up of donations received specifically to assist with staff salaries.
Munch Club: a restricted fund for the purpose of providing free lunches for school children in the local community during school holidays with the aim to reduce 'holiday hunger'.
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## **BOURNEMOUTH COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**17**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
Unrestricted
funds
**2021**
**2021**
**2021**
2020
**£**
**£**
**£**
£
Fund balances at 31
December 2021 are
represented by:
Tangible assets
2,268,773
83,735
2,352,508
2,329,481
Investments
100
-
100
100
Current assets/(liabilities)
559,823
9,752
569,575
546,606
Long term liabilities
(1,213,844)
-
(1,213,844)
(1,277,346)
1,614,852
93,487
1,708,339
1,598,841|Restricted
funds
Total
2020
2020
£
£
87,493
2,416,974
-
100
11,802
558,408
-
(1,277,346)
99,295
1,698,136|
|---|---|
## **18 Related party transactions**
## **Transactions with related parties**
During the year the charity entered into the following transactions with related parties:
The Charity holds 100% of the shares of Bournemouth Lifecentre Limited. Included in debtors is a balance of £492,535 (2020: £434,792) owed from Bournemouth Lifecentre Limited.
During the year aggregate donations received from trustees without conditions was £37,952 (2020: £40,304).
Mr J Constantine, son of trustee Rev R Constantine, was paid £1,065 (2020: £1,970) during the year for advertising and publicity.
Rev R Constantine is the executor for the estate of a late member of the congregation of which the charity is a beneficiary. During the previous year a legacy of £16,402 was received from this estate.
## **19 Subsidiaries**
The charity owns 100% of the issued share capital of Bournemouth Lifecentre Limited, company number 07701837.
The loss for the year ended 31 December 2021 was £32,990 (2020: £18,536). The profit and loss reserves deficit was £405,202 (2020: £372,212).
## **20 Limited by guarantee**
Every member promises, if the Company is dissolved while he, she or it remains a member or within twelve months afterwards, to pay up to £10 towards the cost of dissolution and the liabilities incurred by the Company while the contributor was a member.
## **21 Contingent Assets**
As at 31 December 2021 the charity had been notified of legacies from the estate of a former members of the congregation. The values of which are either uncertain as the estates are yet to be finalised and probate granted or a reliable estimate is unavailable, therefore income relating to these legacies has not been accrued.
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