2022-12-31-accounts

Greenfields Church

Trustee Annual Report and Accounts

for the period ended 31st December 2022

Charity Number: 1104323

Greenfields Church for the year ending 31[st] December 2022

Charity Number 1104323

Contents

Trustees Report	3-4
Independent Examiner Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8-10

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Greenfields Church for the year ending 31[st] December 2022

Charity Number 1104323

Trustees’ Annual Report

Objectives and Activities

The charity exists to advance the Christian faith in Swansea and the surrounding area and in other parts of the UK and the world as the trustees think fit. Also, it will fulfil other purposes which are exclusively charitable according to the laws of England and Wales and are connected with the charitable work of the trust.

To bring relief to any persons who are in need due to hardship or other circumstances and relieve any distress caused by those circumstances as the trustees see fit.

Structure, Management and Governance

The charity is governed by a declaration of Trust dated 3[rd] June 2004.

The charity is managed by trustees who are appointed by the church leadership and members. The trustees who served during the year and up to the date of this report are set out below.

The trustees who served during this financial period are:

Graham Sullivan Susan Pappy Sunil Varghese

Achievement and Activities Report

The church has been meeting regularly in 2022 and have seen average attendance at Sunday service of 35.

We have helped people to move into the country and supported them in their transition into life in the area. We provided them with many items needed to settle into their homes, such as furniture and other appliances.

We’ve also provided driving lessons for those who have moved here, ensuring that they can get around independently.

We also supply meals/buffets for events which are held at our Church.

Financial Review

Policy on reserves

The Charity's policy is to keep a minimum in general funds to run the organisation for 3 months.

Statement of Trustees Responsibilities

The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

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Greenfields Church for the year ending 31[st] December 2022

Charity Number 1104323

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards & statements of recommended practice have been followed subject to any departures, disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees declare that they have approved the trustees’ report above.

On behalf of the board

Signed:…………………………………………….................….Trustee Date:…………….........……… 18/12/2020

Print Name…………………………………………..........................… Graham J Sullivan

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Greenfields Church for the year ending 31[st] December 2022

Charity Number 1104323

Independent Examiner's Report to the Trustees of Greenfields Church

I report on the accounts of the Trust for the year ended 31[st] December 2022, which are set out on the following pages.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed.

It is my responsibility to:

• examine the accounts (under section 145 of the Charities Act);

• to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act);

• to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

• (1) Which gives me reasonable cause to believe that in any material respect the requirements

• a. to keep accounting records in accordance with section 130 of the Charities Act; and

• b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

• (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Nicola Jayne Lewis

Date: 13[th] December 2023

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Greenfields Church for the year ending 31[st] December 2022

Charity Number 1104323

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31st December 2022

INCOME Donations Income Grants received - Unrestricted Grants Received - Restricted TOTAL INCOME EXPENDITURE Charitable Expenditure Accounting Fees TOTAL EXPENDITURE NET INCOME Before transfers Transfers Between Funds NET INCOME After transfers NET MOVEMENT IN FUNDS Total Funds Brought Forward Total Funds Carried Forward	notes		Unrestricted Funds 27,481 -	Unrestricted Funds 27,481 -	Restricted Funds -	Restricted Funds -	Total Funds This Year 27,481 - -	Total Funds This Year 27,481 - -		Total Funds
								This Year 27,481 - -		Last Year 14,948 - -
	3 4 4
				27,481		-		27,481		14,948
				18,232 720		- - - - - - - - -		18,232 720		10,233 240
				18,952				18,952		10,473
				8,529				8,529		4,475
				- 8,529				- 8,529		- 4,475
				8,529				8,529		4,475
				56,264 64,793				56,264 64,793		51,789 56,264

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Charity Number 1104323

Greenfields Church

for the year ending 31[st] December 2022

BALANCE SHEET

as at 31st December 2022 notes Unrestricted Funds Fixed Assets Fixed Assets at Net Book Value 5 28,810 Current Assets Debtors & Prepayments 0 Bank & Cash 36,703 36,703 Current Liabilities (falling due within 1 year) Creditors & Accruals 6 720 720 Net Current Assets 35,983 Total Assets less Current Liabilities 64,793 Creditors Falling due after 1 year 0 Total Net Assets 64,793 Fund Balances Funds B/fwd 56,264 Net movement of funds 8,529 TOTAL FUNDS 64,793 (0)	notes		Unrestricted Funds 28,810 0 36,703	Unrestricted Funds 28,810 0 36,703	Restricted Funds 0 0 0 0 0 0 0 0 0 0 0 0 0 0	Total Funds 28,810 0 36,703		Total Funds 28,810 0 27,694
				36,703		36,703		27,694
				720		720		240
Creditors & Accruals 6 Net Current Assets Total Assets less Current Liabilities Creditors Falling due after 1 year Total Net Assets Fund Balances Funds B/fwd Net movement of funds TOTAL FUNDS
				720		720		240
				35,983		35,983		27,454
				64,793 0		64,793 0		56,264 0
				64,793		64,793		56,264
				56,264 8,529		56,264 8,529		51,789 4,475
				64,793		64,793		56,264
				(0)		(0)		0

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities: Statement of Recommended Practice (SORP FRS102), and with the Charities Act.

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Signed by……………………………………….
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Trustee

Print Name……………………………………… Graham J Sullivan

Dated…………………….. 18/12/2023

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Greenfields Church for the year ending 31[st] December 2022

Charity Number 1104323

Notes to the Financial Statements

1. Basis of preparation

1.1. Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102:

• the requirements of Section 7 Statement of Cash Flows;

• the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d);

• the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44,11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

• the requirements of Section 12 Other Financial Instruments paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

• the requirement of Section 33 Related Party Disclosure paragraph 33.7.

1.2. Change in Basis of Accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

1.3. Changes to previous Accounts

No changes have been made to accounts for the previous years.

2. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

2.1 Income

Recognition of income – Incoming resources are included in the statement of financial Activities (SoFA) when:

• the charity is entitled to the resources;

• the trustees are virtually certain that they will receive the resources; and

• the monetary value can be measured with sufficient reliability.

Incoming resources with related expenditure – Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources & related expenditure are reported gross in the SoFA.

Grants and donations - Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Tax reclaims on donations and gifts – Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.

Volunteer help – The value of any voluntary help received is not quantified so not included in the accounts but is described in the trustees’ annual report.

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Greenfields Church for the year ending 31[st] December 2022

Charity Number 1104323

2.2 Expenditure and Liabilities

Liability recognition – Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resource.

Governance costs – Governance includes costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

– 3. Analysis of Income Voluntary Income

Donations income consists of regular giving by church members in tithes and offerings, plus “one off” gifts or donations. Where these gifts are given for a specific purpose or project they are held in a restricted fund. This includes gifts received under the gift aid scheme.

4. Analysis of Expenditure

4.1 Breakdown of Charitable Expenditure

Wages, Salaries & Associated Costs Rent, Rates, Light & Heat Repairs & Maintenance Ministry & Music Small Tools, Equipment & resources Subscriptions & Donations Preliminary for New Building Costs Depreciation and loss on disposal of asset Insurance		this year 0 2072 1305 750 886 890 11776 0 553 18232	last year
			4500 536 4550 40 66 0 0 0 541
			10233

There are no employees of the charity and no payments have been made to trustees for acting in the capacity of a trustee.

4.2 Breakdown of Support and Governance Costs

Book Keeping & Accounting	this year 720	last year
		240

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Charity Number 1104323

for the year ending 31[st] December 2022

Greenfields Church

5. Fixed Assets

6. Creditors and Accruals Cost at 1st January Additions Disposals Cost at 31st December Accumulated Depreciation 1st January Charge this year Released on disposal Accumulated Depreciation 31st December NET BOOK VALUE Accounting / Independent Examination Fees	Land & Buildings	Land & Buildings		Total
		28810 0 0 28810 0 0 0 0 28810 this year 720		28810 0 0
				28810
				0 0 0
				0
				28810 last year 240

7. Analysis of Funds

There are no restricted funds held by the charity and no movements in restricted funds have taken place this year.

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