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 2022
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 2022
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Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
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3 |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
5 |
to |
6 |
Notes to the Financial Statements |
7 |
to |
12 |
Detailed Statement of Financial Activities |
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13 |
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Report of the Trustees
for the Year Ended 31 October 2022
Yesterday, Today and Forever Church
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31October2022. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives, aims & income generation.
TheprincipalobjectivesofthecompanytoadvancetheChristianfaithinLeicestershire,theUK &
worldwide.Thecompanyalsoengagesincharitableworktorelievepersonssufferinghardship and/or
are aged or sick.In order to achieve these objectives the charity provides the following;
1. Donations to other charities & support organisations.
2. Emotional relief through prayer & religious services.
3. Other social gatherings of a religious nature.
Thecharitygeneratedincomethroughcongregationdonationsandasmallamountthroughthesale of
books.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited 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 2022
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 13 February 2023 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')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 October 2022.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw) you
areresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart 16
ofthe2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexamination of
yourcharity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act'). In
carryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommission under
Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto 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 2022
2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
26,628
Investment income
2
76
Total
26,704
EXPENDITURE ON
Raising funds
14,638
Other
4,119
Total
18,757
NET INCOME
7,947
RECONCILIATION OF FUNDS
Total funds brought forward
144,962
TOTAL FUNDS CARRIED FORWARD
152,909 |
2021
Total
funds
£
25,412
6 |
|
25,418 |
|
8,761
4,212 |
|
12,973 |
|
12,445
132,517 |
|
144,962 |
The notes form part of these financial statements
Page 4
Yesterday, Today and Forever Church
Balance Sheet 31 October 2022
2022
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
58,405
CURRENT ASSETS
Cash at bank and in hand
95,313
CREDITORS
Amounts falling due within one year
8
(809)
NET CURRENT ASSETS
94,504
TOTAL ASSETS LESS CURRENT
LIABILITIES
152,909
NET ASSETS
152,909
FUNDS
9
Unrestricted funds
152,909
TOTAL FUNDS
152,909 |
2021
Total
funds
£
62,524
83,235
(797)
82,438
144,962
144,962
144,962
144,962 |
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompanies Act
2006 for the year ended 31 October 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 October 2022 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 2022
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to
charitable companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
13 February 2023 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 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunder FRS
102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102 'The
FinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCompanies Act
2006. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhas entitlement
tothefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover 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
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretion of
the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.
continued...
Page 7
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued
for the Year Ended 31 October 2022
2. INVESTMENT INCOME
Deposit account interest
3.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
2022
£
76
2022
£
4,119 |
2021
£
6 |
|
|
2021
£
4,212 |
4. TRUSTEES' REMUNERATION AND BENEFITS
TheTrusteeswhoweredirectorsasdefinedbytheCompaniesAct2006received no
remuneration during the year to 31st October 2020 or in the previous year to 31st October 2019.
Trustees' expenses
The trustees expenses incurred in the line of their duties have been reimbursed by the charity.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
Administration
No employees received emoluments in excess of £60,000.
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total |
2022
2021
2
2
Unrestricted
fund
£
25,412
6
25,418
8,761
4,212
12,973 |
|
|
continued...
Page 8
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued
for the Year Ended 31 October 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
|
Unrestricted |
|
fund |
|
£ |
NET INCOME |
12,445 |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
132,517 |
TOTAL FUNDS CARRIED FORWARD |
144,962 |
7. TANGIBLE FIXED ASSETS
COST
At 1 November 2021 and
31 October 2022
DEPRECIATION
At 1 November 2021
Charge for year
At 31 October 2022
NET BOOK VALUE
At 31 October 2022
At 31 October 2021 |
Freehold
Plant and
property
machinery
Totals
£
£
£
95,939
12,299
108,238
34,538
11,176
45,714
3,838
281
4,119
38,376
11,457
49,833
57,563
842
58,405
61,401
1,123
62,524 |
Freehold
Plant and
property
machinery
Totals
£
£
£
95,939
12,299
108,238
34,538
11,176
45,714
3,838
281
4,119
38,376
11,457
49,833
57,563
842
58,405
61,401
1,123
62,524 |
|
|
45,714
4,119 |
|
|
49,833 |
|
|
58,405 |
|
|
62,524 |
continued...
Page 9
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued for the Year Ended 31 October 2022
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
MOVEMENT IN FUNDS
At
1.11.21
£
Unrestricted funds
General fund
144,962
TOTAL FUNDS
144,962
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
26,704
TOTAL FUNDS
26,704
Comparatives for movement in funds
At
1.11.20
£
Unrestricted funds
General fund
132,517
TOTAL FUNDS
132,517 |
2022
£
(1)
810
809
Net
movement
in funds
£
7,947
7,947
Resources
expended
£
(18,757)
(18,757)
Net
movement
in funds
£
12,445
12,445 |
2021
£
(1)
798
797
At
31.10.22
£
152,909
152,909
Movement
in funds
£
7,947
7,947
At
31.10.21
£
144,962
144,962 |
|
|
|
9. MOVEMENT IN FUNDS
continued...
Page 10
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued for the Year Ended 31 October 2022
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
£
£
£
25,418
(12,973)
12,445
25,418
(12,973)
12,445 |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At
1.11.20
£
132,517
132,517 |
Net
movement
in funds
£
20,392
20,392 |
At
31.10.22
£
152,909 |
|
|
|
152,909 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds, included
in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
52,122
(31,730)
20,392
52,122
(31,730)
20,392 |
|
|
continued...
Page 11
Yesterday, Today and Forever Church
Notes to the Financial Statements - continued
for the Year Ended 31 October 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2022.
Page 12
Yesterday, Today and Forever Church
Detailed Statement of Financial Activities for the Year Ended 31 October 2022
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 |
2022
£
21,458
5,170
26,628
76
26,704
6,024
8,250
364
14,638
3,838
281
4,119
18,757
7,947 |
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 |
This page does not form part of the statutory financial statements
Page 13