Newport City Church Trust
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Trustees' Annual Report
Year ended 31st December 2020
Registered Charity No. 1104359 Principal Address Newport City Church, 23 Mill Parade, Pillgwenlly, Newport. NP20 2JQ Operating name The Warehouse Church Charity Trustees Mr S Aroboto - appointed 23rd June 2020 Mr R G Howells (undertakes day to day management) Mr B H Manjoro Bankers NatWest, Newport, South Wales. Governing Trust Deed dated 7th June 2004 Document This gives the Trustees unlimited powers to exercise their discretion in the discharge of their responsibilities towards the charity and imposes no special restrictions upon them. Objectives The advancement of the Christian faith, the relief of hardship and distress and the advancement of education. Activities and During the year the Trustees have been mindful of the guidance published by The Achievements Charity Commission on public benefit. 2020 saw great challenges for The Warehouse Church with the effects of the Covid-19 Pandemic and the national lockdown from March until mid-June and then again briefly in November. Despite this, donations continued to come in which helped through these difficult times. The on-line Church and media platform activities also grew and expanded resulting in a new on-line ministry being explored to reach the vulnerable who need to isolate and those who are not able to attend in person.
The Storehouse team increased as funding of £16,000 came in to reach out to those in need. Due to this we were able to reach over 100 families each week during the lockdown period and work with local authorities and schools to help with their referrals.
The Rhondda Church plant started briefly as a soft launch in 2020 with meetings in a local hall, however upon the commencement of lockdown this turned into an outreach for the local community with Storehouse funding of £1,750 to reach those in need. The Rhondda Church also helped those affected by the devastating floods which hit the Rhondda area at this time.
Risk The trustees operate a rolling programme of identifying and addressing major risks to the Management charity at their regular meetings. Recruitment and The Declaration of Trust provides that the minimum number of Trustees shall be three, Training of New but there is no maximum number prescribed. New trustees are appointed by a resolution Trustees passed by a majority of the existing trustees as a body. Appropriate training in the duties and responsibilities of a trustee of a charitable organisation will be provided to any new trustee who may be appointed from time to time.
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Newport City Church Trust
Trustees' Annual Report continued
Year ended 31st December 2020
Reserves policy
The reserves held at the end of the year in the unrestricted funds were still negative. This is mainly due to the costs necessarily incurred in the development of this new Church and its activities. However, as the Church grows and develops in the future, every effort will continue to be made by the Trustees to establish and maintain reserves at a prudent level in order to be able to meet future commitments.
The Trustees have approved the above report.
R G Howells (Trustee)
Date: 8th November 2021
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Independent Examiners' Report to the Trustees of Newport City Church Trust
We report on the accounts of the charity (number 1104359) for the year ended 31st December 2020 set out on pages 4 to 10.
Respective responsibilities of Trustees and Examiners
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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
• follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
• state whether particular matters have come to our attention.
Basis of independent examiners' statement
Our 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 examiners' statement
In connection with our examination, no matter has come to our attention:
1 which gives us reasonable cause to believe that, in any material respect, the requirements:
■ to keep accounting records in accordance with section 130 of the 2011 Act; and ■ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met; or
- 2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
GUILFOYLE SAGE LLP Chartered Accountants
Date: November 2021
21 Gold Tops, Newport, NP20 4PG
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NEWPORT CITY CHURCH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| Notes | 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | ||
| £ | £ | £ | £ | £ | £ | |||
| Incoming Resources: | ||||||||
| Incoming resources from generated | funds | |||||||
| - Voluntary income | 2 | 31,480 | 175,068 | 206,548 | 10,461 | 168,774 | 179,235 | |
| Activities for generating funds | ||||||||
| - Bookshop income | 3 | - | - | - | - | 3,010 | 3,010 | |
| - Coffee shop income | 3 | - | 1,369 | 1,369 | - | 5,628 | 5,628 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| Total Incoming Resources | £ | 31,480 £ | 176,437 £ | 207,917 £ | 10,461 | 177,412 | 187,873 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |||
| Outgoing Resources: | ||||||||
| Charitable activities | 4 | 19,941 | 164,905 | 184,846 | 13,588 | 172,631 | 186,219 | |
| Activities to generate funds | 3 | - | 1,507 | 1,507 | - | 6,367 | 6,367 | |
| Other costs | 6 | - | 1,110 | 1,110 | - | 1,080 | 1,080 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| Total Resources Expended | £ | 19,941 £ | 167,522 £ | 187,463 £ | 13,588 | 180,078 | 193,666 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |||
| Net incoming/(outgoing) | ||||||||
| Resources for the year | 11,539 | 8,915 | 20,454 | (3,127) | (2,666) | (5,793) | ||
| Transfers between funds | - | - | - | - | - | - | ||
| Fund Balance brought forward | 4,325 | (40,552) | (36,227) | 7,452 | (37,886) | (30,434) | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| Fund Balance carried forward | £ | 15,864 £ | (31,637) £ | (15,773) £ | 4,325 | (40,552) | (36,227) | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
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NEWPORT CITY CHURCH TRUST
BALANCE SHEET AS AT 31ST DECEMBER 2020
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| Notes | 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | ||
| £ | £ | £ | £ | £ | £ | |||
| FIXED ASSETS | ||||||||
| Tangible fixed assets | 9 | - | 3,082 | 3,082 | - | 744 | 744 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| CURRENT ASSETS | ||||||||
| Cash at bank | 15,864 | (393) | 15,471 | 4,325 | (3,131) | 1,194 | ||
| Cash in hand | - | 94 | 94 | - | 7 | 7 | ||
| Debtors | - | 2,194 | 2,194 | - | 2,724 | 2,724 | ||
| Stocks | - | - | - | - | 400 | 400 | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| 15,864 | 1,895 | 17,759 | 4,325 | - | 4,325 | |||
| CURRENT LIABILITIES | ||||||||
| falling due within 1 year | 10 | - | 36,614 | 36,614 | - | 41,296 | 41,296 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| NET CURRENT ASSETS/( LIABILITIES) | 15,864 | (34,719) | (18,855) | 4,325 | (41,296) | (36,971) | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 15,864 | (31,637) | (15,773) | 4,325 | (40,552) | (36,227) | |
| Liabilities - Amounts | ||||||||
| falling due after more than 1 year | - | - | - | - | - | - | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| FUNDS | 15,864 | (31,637) | £ | (15,773) £ | 4,325 | (40,552) | (36,227) | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |||
| Represented by: | ||||||||
| RESTRICTED FUNDS | 11 | 15,864 | 4,325 | |||||
| UNRESTRICTED FUNDS | (31,637) | (40,552) | ||||||
| –––––––– | –––––––– | |||||||
| TOTAL FUNDS | £ | (15,773) | £ | (36,227) | ||||
| ══════ | ══════ |
Approved by the Board of Trustees on 8th November 2021 and signed on its behalf by:-
…………………………………….Trustee
R G Howells
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NEWPORT CITY CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared on an accruals basis under the historical cost convention, in accordance with the Charities Act 2011, the Charities SORP (Statement of Recommended Practice) 2019 (FRS 102) and applicable accounting standards.
The Charity is a public benefit entity.
Exemption has been taken from preparing a cash flow statement on the grounds that none of the size criteria are exceeded by the Charity.
These accounts are presented in sterling and rounded to the nearest whole (£) pound.
Going Concern
The accounts have been prepared on the going concern basis as the Trustees believe that sufficient financial support will be continued, as hitherto, from donors and major creditors while efforts are made to put in place sufficient reserves to support the work of the Church.
Incoming resources
All income arising in the year is included in the financial statements including the gift aid tax relief relating to the year but received after the Balance Sheet date.
Resources expended
Expenditure for the year is included on a full accruals basis.
Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life : -
Fixtures, fittings & equipment - 15% & 20% on cost
Foreign Currency
Foreign currency receipts and payments are accounted for at the exchange rate ruling at the time of the transaction. Any gains or losses are therefore included in the relevant income or expenditure.
Funds structure
The Charity has no endowment funds and designates no funds for specific purposes. Restricted funds received in the year for specific projects or purposes have been expended in the year while unspent monies given for specific projects have been retained in the restricted fund. See note 11.
Stock
There were no stocks on hand at the end of the year.
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NEWPORT CITY CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
2. VOLUNTARY INCOME
| VOLUNTARY INCOME | |||||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | ||
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | ||
| £ | £ | £ | £ | £ | £ | ||
| Tithes and donations | - | 148,860 | 148,860 | 8,966 | 141,056 | 150,022 | |
| Gift aid tax rebates | - | 23,202 | 23,202 | 1,495 | 23,418 | 24,913 | |
| Grants | 31,480 | - | 31,480 | - | - | - | |
| Other income | - | 3,006 | 3,006 | - | 4,300 | 4,300 | |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | ||
| £ | 31,480 £ | 175,068 £ | 206,548 £ | 10,461 | 168,774 | 179,235 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
The majority of Other Income is made up of contributions towards conferences and events whose costs are included in Charitable Activities (Note 4) under the headings to which they relate.
3. ACTIVITIES FOR GENERATING FUNDS
| Bookshop | Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | |
| £ | £ | £ | £ | £ | £ | |
| Sales | - | - | - | - | 3,010 | 3,010 |
| Cost of sales | - | - | - | - | (3,188) | (3,188) |
| Card machine | - | - | - | - | (99) | (99) |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |
| Net income/(loss) | - | - | - | - | (277) | (277) |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |
| Coffee shop | ||||||
| Sales | - | 1,369 | 1,369 | - | 5,628 | 5,628 |
| Cost of sales | - | (1,507) | (1,507) | - | (2,979) | (2,979) |
| Wages costs | - | - | - | - | - | - |
| Card machine | - | - | - | - | (101) | (101) |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |
| Net income/(loss) | - | (138) | (138) | - | 2,548 | 2,548 |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
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NEWPORT CITY CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
4. CHARITABLE ACTIVITIES
| CHARITABLE ACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | |
| £ | £ | £ | £ | £ | £ | |
| Premises costs | 1,550 | 39,256 | 40,806 | 1,054 | 40,271 | 41,325 |
| Ministers' salaries | - | 59,000 | 59,000 | - | 56,250 | 56,250 |
| National insurance & pension costs | - | 4,972 | 4,972 | - | 3,158 | 3,158 |
| Worship, teaching, conferences & events | 426 | 2,546 | 2,972 | 6,377 | 6,377 | |
| Children & youth activities | 2,800 | 492 | 3,292 | 53 | 53 | |
| Mission support, pastoral care & gifts | - | 13,555 | 13,555 | 16,785 | 16,785 | |
| Guest speakers' honoraria & expenses | - | 3,332 | 3,332 | 9,295 | 8,219 | 17,514 |
| Hospitality & catering | - | 904 | 904 | - | 5,510 | 5,510 |
| Storehouse (community outreach) | 13,691 | - | 13,691 | 291 | 902 | 1,193 |
| Media website & production | - | 7,791 | 7,791 | 2,948 | 1,145 | 4,093 |
| Telephone, printing & office costs | 574 | 6,530 | 7,104 | - | 8,606 | 8,606 |
| Publicity & advertising | - | 1,335 | 1,335 | - | 391 | 391 |
| Motor & travelling & hotel costs | 900 | 4,296 | 5,196 | - | 7,475 | 7,475 |
| Training & mentoring | - | - | - | - | 73 | 73 |
| Depreciation - fixtures, fittings & equipment | - | 993 | 993 | - | 1,169 | 1,169 |
| Support costs Note 5 | - | 19,903 | 19,903 | - | 16,247 | 16,247 |
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |
| 19,941 £ | 164,905 | 184,846 £ | 13,588 | 172,631 | 186,219 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
Related party transactions
No remuneration was paid to any of the Trustees in their capacity as Trustees in this year or the previous year.
One Trustee was paid a salary in respect of his pastoral duties.
The wife of one of the Trustees also received salary payments in respect of her pastoral role within the Church.
Expenses incurred on behalf of the Church were reimbursed to one of the Trustees.
Trustees contribute financially to the work of the Church on the same basis as members of the congregation.
Mission support of £1,200, (2019: £1,828), was provided to Kenneth Copeland Ministries, a charity of which R G Howells is also a Trustee. This charity donated £1,350 to the Church in the year to be used for the Storehouse.
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NEWPORT CITY CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
5. SUPPORT COSTS
| 5. | SUPPORT COSTS | |||||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | |||
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | |||
| £ | £ | £ | £ | £ | £ | |||
| Salaries | - | 18,789 | 18,789 | - | 14,542 | 14,542 | ||
| National insurance & pension costs | - | 123 | 123 | - | 59 | 59 | ||
| Professional fees | - | 691 | 691 | - | 690 | 690 | ||
| Bank charges | - | 300 | 300 | - | 956 | 956 | ||
| –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | –––––––– | |||
| £ | - £ | 19,903 | £ | 19,903 £ | - | 16,247 | 16,247 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |||
| 6 | OTHER COSTS | |||||||
| Restricted | Unrestricted | Total | **Restricted ** | Unrestricted | Total | |||
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | |||
| £ | £ | £ | £ | £ | £ | |||
| Accountancy & Independent examination | - | 1,110 | 1,110 | - | 1,080 | 1,080 | ||
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | |||
| 7 | MINISTERS' EMOLUMENTS | |||||||
| 2020 | 2019 | |||||||
| Emoluments 2 (2019: 2) | 59,000 | 56,250 | ||||||
| –––––––– | –––––––– | |||||||
| £ | 59,000 £ | 56,250 | ||||||
| ══════ | ══════ | |||||||
| No employee earns in excess of £60,000 per annum | ||||||||
| 8 | OPERATING LEASES | |||||||
| 2020 | 2019 | |||||||
| Amounts due on operating leases: | ||||||||
| Within one year | 29,160 | 29,160 | ||||||
| ══════ | ══════ |
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NEWPORT CITY CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
9 TANGIBLE FIXED ASSETS
| Sound & | Fixtures & | |||
|---|---|---|---|---|
| lighting | Fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| Balance at 1st January 2020 | 10,513 | 18,506 | 27,500 | |
| Additions | 3,331 | - | - | |
| Disposals | - | - | - | |
| –––––––– | –––––––– | –––––––– | ||
| Balance at 31 December 2020 | 13,844 | 18,506 | 27,500 | |
| –––––––– | –––––––– | –––––––– | ||
| Accumulated Depreciation | ||||
| Balance at 1 January 2020 | 9,769 | 18,506 | 28,275 | |
| Charge for year | 993 | - | 993 | |
| Eliminated on disposal | - | - | - | |
| –––––––– | –––––––– | –––––––– | ||
| Balance at 31 December 2020 | 10,762 | 18,506 | 29,268 | |
| –––––––– | –––––––– | –––––––– | ||
| Net Book Value | ||||
| At 31 December 2020 | £ | 3,082 £ | - £ | 3,082 |
| ══════ | ══════ | ══════ | ||
| At 31 December 2019 | £ | 744 £ | - £ | 744 |
| ══════ | ══════ | ══════ |
| 10 | LIABILITIES : | |||
|---|---|---|---|---|
| AMOUNTS FALLING DUE WITHIN 1 YEAR | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Purchase ledger | 29,631 | 33,432 | ||
| Accruals | 2,815 | 3,429 | ||
| PAYE | 4,168 | 4,435 | ||
| –––––––– | –––––––– | |||
| £ | 36,614 £ | 41,296 | ||
| ══════ | ══════ |
11 RESTRICTED FUNDS
| Balance b/f Income Grants Expenditure Balance c/f |
Building Covid Youth Rhondda Fund Storehouse grants Project Church Total 4,325 - - - - 4,325 - 16,430 800 12,000 2,250 31,480 - (14,091) (800) (2,800) (2,250) (19,941) |
|---|---|
| 4,325 2,339 - 9,200 - 15,864 |
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