REGISTERED COMPANY NUMBER: 05263337 (England and Wales)
REGISTERED CHARITY NUMBER: 1106854
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2021
for
Yesterday, Today and Forever Church
Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE
Yesterday, Today and Forever Church
Contents of the Financial Statements for the Year Ended 31 October 2021
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 to 6 |
Notes to the Financial Statements |
7 to 12 |
Detailed Statement of Financial Activities |
13 |
Yesterday, Today and Forever Church
Report of the Trustees for the Year Ended 31 October 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct 2006,
presenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31October2021.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives, aims & income generation.
TheprincipalobjectivesofthecompanytoadvancetheChristianfaithinLeicestershire,the UK
&worldwide.Thecompanyalsoengagesincharitableworktorelievepersons suffering
hardshipand/orareagedorsick.Inordertoachievetheseobjectivesthecharityprovides the
following;
1. Donations to other charities & support organisations.
2. Emotional relief through prayer & religious services.
3. Other social gatherings of a religious nature.
Thecharitygeneratedincomethroughcongregationdonationsandasmallamountthrough the
sale of books.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesa limited
company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05263337 (England and Wales)
Registered Charity number
1106854
Registered office
Gutteridge Street
Coalville
Leics
LE67 3BG
Trustees
D W Measures (Chairman)
I J Gray
J Reid
A Tolley
Company Secretary
D W Measures (Chairman)
Page 1
Yesterday, Today and Forever Church
Report of the Trustees
for the Year Ended 31 October 2021
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Elverstone Large Ltd
ACCA
Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE
Approved by order of the board of trustees on 3 February 2022 and signed on its behalf by:
D W Measures (Chairman) - Trustee
Page 2
Independent Examiner's Report to the Trustees of
Yesterday, Today and Forever Church
Independent examiner's report to the trustees of Yesterday, Today and Forever Church ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyforthe year
ended 31 October 2021.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesof company
law)youareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeaudited under
Part16ofthe2006Actandareeligibleforindependentexamination,Ireportinrespectof my
examinationofyourcharity'saccountsascarriedoutundersection145oftheCharities Act
2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgiven by
the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattention 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththe examination
towhichattentionshouldbedrawninthisreportinordertoenableaproperunderstanding of
the accounts to be reached.
Elverstone Large Ltd
ACCA
Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE
Date: .............................................
Page 3
Yesterday, Today and Forever Church
Statement of Financial Activities for the Year Ended 31 October 2021
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2021
Unrestricted
fund
£
25,412
6
25,418
8,761
4,212
12,973
12,445
132,517
144,962 |
2020
Total
funds
£
29,908
42 |
|
|
29,950
12,737
4,337 |
|
|
17,074 |
|
|
12,876
119,641 |
|
|
132,517 |
The notes form part of these financial statements
Page 4
Yesterday, Today and Forever Church
Balance Sheet 31 October 2021
Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
9
Unrestricted funds
TOTAL FUNDS |
2021
Unrestricted
fund
£
62,524
83,235
(797)
82,438
144,962
144,962
144,962
144,962 |
2020
Total
funds
£
66,736
66,562
(781)
65,781
132,517
132,517
132,517
132,517 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477of the
Companies Act 2006 for the year ended 31 October 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatements for
the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
Yesterday, Today and Forever Church
Balance Sheet - continued
31 October 2021
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to
charitable companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
3 February 2022 and were signed on its behalf by:
D W Measures (Chairman) - Trustee
The notes form part of these financial statements
Page 6
Yesterday, Today and Forever Church
Notes to the Financial Statements for the Year Ended 31 October 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentity under
FRS102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS 102)
'AccountingandReportingbyCharities:StatementofRecommendedPractice applicable
tocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableinthe UK
andRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatements have
been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharity has
entitlementtothefunds,itisprobablethattheincomewillbereceivedandthe amount
can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalor constructive
obligationcommittingthecharitytothatexpenditure,itisprobablethatatransfer of
economicbenefitswillberequiredinsettlementandtheamountoftheobligationcan be
measuredreliably.Expenditureisaccountedforonanaccrualsbasisandhas been
classifiedunderheadingsthataggregateallcostrelatedtothecategory.Where costs
cannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedto activities
on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeach asset
over its estimated useful life.
Freehold property depreciated at 4% straight line.
Freehold land is not depreciated.
Plant & equipment depreciated at 25% reducing balance.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesat the
discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjects of
thecharity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraised for
particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotes to
the financial statements.
continued...
Page 7
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
2. INVESTMENT INCOME
Deposit account interest
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
2021
£
6
2021
£
4,212 |
2020
£
42 |
|
|
2020
£
4,336 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
TheTrusteeswhoweredirectorsasdefinedbytheCompaniesAct2006received no
remunerationduringtheyearto31stOctober2020orinthepreviousyearto 31st
October 2019.
Trustees' expenses
Thetrusteesexpensesincurredinthelineoftheirdutieshavebeenreimbursedby the
charity.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
|
2021 |
2020 |
Administration |
2 |
2 |
No employees received emoluments in excess of £60,000. |
|
|
COMPARATIVES FOR THE STATEMENT OF FINANCIAL |
ACTIVITIES |
|
|
|
Unrestricted |
|
|
fund |
|
|
£ |
INCOME AND ENDOWMENTS FROM |
|
|
Donations and legacies |
|
29,908 |
Investment income |
|
42 |
Total |
|
29,950 |
EXPENDITURE ON |
|
|
Raising funds |
|
12,737 |
Other |
|
4,337 |
Total |
|
17,074 |
continued...
Page 8
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD
7.
TANGIBLE FIXED ASSETS
COST
At 1 November 2020 and
31 October 2021
DEPRECIATION
At 1 November 2020
Charge for year
At 31 October 2021
NET BOOK VALUE
At 31 October 2021
At 31 October 2020 |
Unrestricted
fund
£
12,876
119,641
132,517
Freehold
Plant and
property
machinery
Totals
£
£
£
95,939
12,299
108,238
30,700
10,802
41,502
3,838
374
4,212
34,538
11,176
45,714
61,401
1,123
62,524
65,239
1,497
66,736 |
|
|
continued...
Page 9
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At
1.11.20
£
132,517
132,517
follows:
Incoming
resources
£
25,418
25,418
At
1.11.19
£
119,641
119,641 |
2021
£
798
Net
movement
in funds
£
12,445
12,445
Resources
expended
£
(12,973)
(12,973)
Net
movement
in funds
£
12,876
12,876 |
2020
£
780
At
31.10.21
£
144,962
144,962
Movement
in funds
£
12,445
12,445
At
31.10.20
£
132,517
132,517 |
|
|
|
|
continued...
Page 10
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
29,950
(17,074)
12,876
29,950
(17,074)
12,876 |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
At
1.11.19
£
Unrestricted funds
General fund
119,641
TOTAL FUNDS
119,641
A current year 12 months and prior year 12 months combined
included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
55,368
TOTAL FUNDS
55,368 |
Net
movement
At
in funds
31.10.21
£
£
25,321
144,962
25,321
144,962
net movement in fund
Resources
Movement
expended
in funds
£
£
(30,047)
25,321
(30,047)
25,321 |
|
|
Acurrentyear12monthsandprioryear12monthscombinednetmovementin funds,
included in the above are as follows:
continued...
Page 11
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued
for the Year Ended 31 October 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2021.
Page 12
Yesterday, Today and Forever Church
Detailed Statement of Financial Activities for the Year Ended 31 October 2021
INCOME AND ENDOWMENTS
Donations and legacies
Gifts & book sales
Gift aid
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising & publicity
Management & administration
Property improvements
Other
Freehold property
Plant and machinery
Total resources expended
Net income |
2021
£
20,670
4,742
25,412
6
25,418
2,834
5,555
372
8,761
3,838
374
4,212
12,973
12,445 |
2020
£
23,849
6,059 |
|
|
29,908
42 |
|
|
29,950
6,930
5,466
341 |
|
|
12,737
3,838
499 |
|
|
4,337 |
|
|
17,074 |
|
|
12,876 |
This page does not form part of the statutory financial statements
Page 13