2021-08-31-accounts

Charity registration number 1109392

Company registration number 05034302 (England and Wales)

THE KING'S CHURCH DURHAM

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

THE KING'S CHURCH DURHAM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Trustees K M Jacklin Dr P D Morley A B F Weir Dr M A Bonnington I P Creasey A M Rose Retired Dr A Millard Secretary Mr Ian Creasey Charity number 1109392 Company number 05034302 Registered office 30 Fieldhouse Lane Durham Co. Durham England DH1 4LT Independent examiner Rebecca Davison, ACA 12 Bessemer Court, Hownsgill Ind Park Consett Co Durham DH8 7BL

THE KING'S CHURCH DURHAM

CONTENTS

	Page
Trustees' report	1 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7 - 8
Notes to the financial statements	9 - 17

THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2021

The trustees who are also directors of the charity for the purposes of the companies Act 2006, present their report and financial statements for the year ended 31 August 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

The objectives of the charity and company are:

• The advancement of nonconformist Christian religion.

• The relief of poverty or hardship of people in need by the provision of funding, facilities, and equipment.

• The advancement of Christian education by the funding and provision of training, scholarships, and bursaries.

• Any other charitable purposes as the Trustees in their absolute discretion shall think fit.

Significant Activities

In pursuit of these objectives, despite the intervention of the COVID19 pandemic in the year the company engaged in the provision of the following activities:

Sunday Worship

• 51 Sunday morning Church Services either streamed online or a live stream with a small congregation. At the

services God was worshipped and the Bible was read and taught from both on Sundays and midweek.

• To keep young children apart from elderly and vulnerable adults we introduced separate family services at first 15 online and then 18 more in person.

-We had 37 online and in person evening services in 26 Sundays. The in person services were some ticketed, and most socially distanced, with provision for the appropriate number allowed by government restrictions and at least one each Sunday live streamed.

• Running a group for the discussion of Christian faith and ethics ;

• Running a group for parents and preschool children both online and in person;

• Running community fun days in the local area;

• Running assemblies and lunchtime groups in local schools;

• Meetings for children in years 1 to 9 during the Sunday morning service;

• Meetings for young people in years 10 to 13 outside of the Sunday morning service;

• Meetings for university students outside of the Sunday morning service;

• Publicising the message of the Gospel through open air meetings;

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THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

• Relieving poverty through donation of funds to Christian organisations working with people in need;

• Running a lunch club and youth group jointly with a local community centre;

• Running a befriending scheme for elderly and isolated people in the Sherburn Road area of Durham. This was extended to other areas of Durham during the early weeks of the pandemic.

• Providing meals to congregation members before some of our Church Services;

• Supporting a missional community on a local council estate, including hosting Church Services on the estate for members of the community.

-New daily prayer activities on weekdays, including Small group meetings for Bible study, discussion and prayer and Medium size meetings for corporate prayer and worship.

• Meetings to provide opportunities to meet and care for international students some of which are in partnership with the Durham Christian Union.

• An internship year and subsequent Ministry Trainee Programme of theological teaching, mission and practical service to the church and the community.

The COVID19 pandemic limited many In-person activities in this financial reporting year. Such activities, including weekly worship, internal meetings etc were moved to online platforms.

All activities were conducted with careful compliance to government COVID19 regulations and recommendations. Despite the pandemic we offered the following:

-Sunday Morning Worship was delivered via Youtube and in person after restrictions were lifted.

-Family Sunday activities via the website and on Youtube

-Weekly Toddlers group story time using Facebook.

-Weekly Small groups and one-to-one meetings via Zoom

-Weekly Lunch club delivery and zoom call.

-Telephone befriending scheme

-Weekly Zoom-based youth groups

-Once-a-week holiday club.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

Achievements and performance Charitable activities

The trustees consider the achievements of the church during the year to be:

• The continued growth and ethnic and social diversification of the number of Durham residents attending Sunday meetings at King's Church Durham.

• The continued growth in the number of small midweek groups.

• The continued flourishing and growth of two cluster groups

• medium sized meetings for students which allow a greater degree of participation than a term-time Sunday meeting.

• Running activities which support international students with friendship and other assistance in settling in Durham with a chaplain to international students assisting with this work.

• Running the Sixteenth Internship Year in which five people spent a year receiving theological teaching, performing practical service to support the public Sunday meetings, working in the community on practical projects, preparing resources for the small groups, working on outreach projects with other churches in the UK.

• focus on ministry with youth in school years 9-13.

• Community projects including providing fun sporting events for young people, social events for older people and gardening for people unable to do their own.

• The Tenth year of the School of Theology, a structured programme of teaching delivered to the interns over the course of their year and also made available to others over a year or two-year period;

• The continued growth of the Achor Community in which a network of committed volunteers from the congregation and/or volunteers expanding to the whole of the community in the Sherburn Road area of Durham, establishing intentional Christian community, serving the people of the Sherburn Road area and modelling missional Christian community;

• The continued support of a free church chaplain at Durham Prison from within the associate staff team - The continued cooperation with St John's Parish Church, Neville's Cross, in the joint LOL youth ministry which mainly consists of midweek activities for young people in Durham ;

• Three staff members studying for MA qualifications as part of their work and training within the church;

• The baptism of some members of the church congregation in public church meetings on confession of their Christian faith through the course of the year;

• The continued support and oversight of various activities and groups outside our Sunday services, both local to Durham and on overseas mission trips partnering with other churches and organisations. These activities encourage exploration of Christian faith particularly among those who, for a variety of reasons including social exclusion and poverty, would be less likely to come to Sunday services.

encourage exploration of Christian faith particularly among those who, for a variety of reasons including social exclusion and poverty, would be less likely to come to Sunday services.

Financial review

Financial Position

The results for the financial period are set out in the Statement of Financial Activities.

Overall the charity received income totalling £468,925 (2020: £423,174) with expenditure on charitable activities (including other costs) £404,278 (2020: £385,409), resulting in a net surplus at 31 August 2021 of £64,647 (2020: £37,765).

Total funds at 31 August 2021 are £260,603 (2020: £195,956).

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THE KING'S CHURCH DURHAM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

Reserves Policy

The trustees aim to retain between ten and twenty five weeks of running costs in the reserves.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

Future Plans

The charity will continue to pursue the significant activities noted in this report with an aim to improve cash flow. There are no plans for any significant capital expenditure in the foreseeable future.

Structure, governance and management

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Trustees

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:

Dr M A Bonnington Lecturer and Minister of Religion

I P Creasey Chartered Accountant K M Jacklin Minister of Religion Dr P D Morley Structural Engineer A M Rose Retired Network Engineer A B F Weir Computer Programmer Dr A Millard University Lecturer

Recruitment and appointment of new trustees

The trustees consider annually the question of appropriate new trustees from within those with appropriate skill set within the church congregation.

Supplier payment policy

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

• The company's current policy concerning the payment of trade creditors is to:

• settle the terms of payment with suppliers when agreeing the terms of each transaction;

• ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

• pay in accordance with the company's contractual and other legal obligations.

Trade creditors of the company at the year end were equivalent to 30 day's purchases, based on the average daily amount invoiced by suppliers during the year.

The trustees' report was approved by the Board of Trustees.

.............................. Dr M A Bonnington Trustee

Date: .............................................27/02/2022

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THE KING'S CHURCH DURHAM

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE KING'S CHURCH DURHAM

I report to the trustees on my examination of the financial statements of The King's Church Durham for the year ended 31 August 2021.

Responsibilities and basis of report

As the trustees of the Company (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 Company 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 Company’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 Company’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 ICAEW, 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.

Rebecca Davison, ACA

Member of The Institute of Chartered Accountants England and Wales

12 Bessemer Court, Hownsgill Ind Park Consett Co Durham DH8 7BL

27/05/2022 Dated: .........................

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THE KING'S CHURCH DURHAM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2021

Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income from: Donations and legacies 2 286,242 16,123 Charitable activities 3 74,647 91,913 Total income 360,889 108,036 Expenditure on: Charitable activities 4 301,001 101,583 Other 9 - 1,694 Total expenditure 301,001 103,277 Net incoming resources before transfers 59,888 4,759 Gross transfers between funds (19,365) 19,365 Net income for the year/ Net movement in funds 40,523 24,124 Fund balances at 1 September 2020 99,424 96,532 Fund balances at 31 August 2021 139,947 120,656	Total Unrestricted Restricted funds funds 2021 2020 2020 £ £ £ 302,365 314,059 10,306 166,560 93,013 5,796 468,925 407,072 16,102 402,584 380,158 3,645 1,694 - 1,606 404,278 380,158 5,251 64,647 26,914 10,851 - - - 64,647 26,914 10,851 195,956 72,510 85,681 260,603 99,424 96,532	Total 2020 £ 324,365 98,809
		423,174
		383,803
		1,606
		385,409
		37,765 -
		37,765 158,191
		195,956

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.

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THE KING'S CHURCH DURHAM

BALANCE SHEET

AS AT 31 AUGUST 2021

Notes Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Net assets Income funds Restricted funds 15 Unrestricted funds	2021 £ 5,028 140,132 145,160 (11,073)	£ 164,431 134,087 298,518 (37,915) 260,603 120,656 139,947 260,603	2020 £ 19,077 60,840 79,917 (10,124)	£ 169,544 69,793 239,337 (43,381) 195,956 96,532 99,424 195,956

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THE KING'S CHURCH DURHAM

BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2021

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 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.

27/02/2022

The financial statements were approved by the Trustees on .........................

.............................. Dr M A Bonnington Trustee

Company registration number 05034302

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

Charity information

The King's Church Durham is a private company limited by guarantee incorporated in England and Wales. The registered office is 30 Fieldhouse Lane, Durham, Co. Durham, DH1 4LT, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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.

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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

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 2% on cost Improvements to Property 5% on cost Fixtures and fittings 33% on cost Computers 33% on cost Motor vehicles 25% on 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 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Taxation

The charity is exempt from corporation tax on its charitable activities.

2 Donations and legacies

Unrestricted Restricted funds funds 2021 2021 £ £ Donations and gifts 281,300 7,853 Other general grants 4,942 8,270 286,242 16,123	Total Unrestricted Restricted funds funds 2021 2020 2020 £ £ £ 289,153 311,010 8,817 13,212 3,049 1,489 302,365 314,059 10,306	Total 2020 £ 319,827 4,538
		324,365

3 Charitable activities

	Religious	Religious
	activities	activities
	2021	2020
	£	£
Religious Activities	100,313	73,824
Charitable rental income	6,833	5,796
Other income	59,414	19,189
	166,560	98,809
Analysis by fund
Unrestricted funds	74,647	93,013
Restricted funds	91,913	5,796
	166,560	98,809

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

4 Charitable activities

	Religious	Religious
	Activities	Activities
	2021	2020
	£	£
Staff costs	268,540	247,444
Depreciation and impairment	5,113	7,077
Religious Activities	1,486	1,609
Insurance	2,563	2,523
Light and heat	220	1,274
Postage and stationary	284	2,927
Book/resources	909	638
Cafe and catering	2,645	10,872
Clothing	1,114	210
Conference fees	119	990
Consumables	-	221
Cleaning	452	709
CRB costs	-	340
Gifts and hospitality	6,074	6,387
Internet	519	617
Lease premises	7,668	6,990
Other charitable expenditure	75,188	72,600
	372,894	363,428
Grant funding of activities (see note 5)	28,610	18,992
Share of support costs (see note 6)	-	303
Share of governance costs (see note 6)	1,080	1,080
	402,584	383,803
Analysis by fund
Unrestricted funds	301,001	380,158
Restricted funds	101,583	3,645
	402,584	383,803

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

5 Grants payable

	Religious	Religious
	Activities	Activities
	2021	2020
	£	£
Grants to institutions:
Grants to individuals	28,610	18,992
	28,610	18,992

-

6 Support costs

Support costs Governance costs £ £ Minibus repairs - - Accountancy - 1,080 - 1,080 Analysed between Charitable activities - 1,080	2021Support costs Governance costs £ £ £ - 303 - 1,080 - 1,080 1,080 303 1,080 1,080 303 1,080	2020 £ 303 1,080
		1,383
		1,383

7 Trustees

M A Bonnington remuneration of £14,606 and £14,438.36 for the year ended 31 August 2020 and the year ended 31 August 2019 respectively. These payments relate to his role as the senior leader which involves pastoral meetings, training and preparing for preaching and leading Sunday services.

K M Jacklin remuneration of £24,734 and £24,644.83 paid for the year ended 31 August 2020 and for the year ended 31 August 2019 respectively. These payments relate to her role of pastoral co-coordinator which primarily involves pastoral meetings.

8 Employees

The average monthly number of employees during the year was:

2021	2020
Number	Number
17	16

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

8 Employees Employment costs Wages and salaries Social security costs Other pension costs	2021 £ 240,272 11,053 17,215 268,540	2020 £ 220,319 10,305 16,820
		247,444

9	Other Support Costs
		Restricted	Restricted
		funds	funds
		2021	2020
	Loan	1,694	1,606
		1,694	1,606

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----- Start of picture text -----
e fixed assets
Freehold Improvements Fixtures and Computers Motor vehicle
property to Property fittings
£ £ £ £
tember 2020 133,313 44,553 71,095 2,988 24,30
gust 2021 133,313 44,553 71,095 2,988 24,30
ation and impairment
tember 2020 18,617 4,979 58,728 2,988 21,40
ation charged in the year 2,666 852 868 - 72
gust 2021 21,283 5,831 59,596 2,988 22,12
g amount
-
gust 2021 112,030 38,722 11,499 2,18
gust 2020 114,696 39,574 12,367 - 2,90
----- End of picture text -----

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

11	Debtors
		2021	2020
	Amounts falling due within one year:	£	£
	Other debtors	4,061	17,589
	Prepayments and accrued income	967	1,488
		5,028	19,077
12	Loans and overdrafts
		2021	2020
		£	£
	Bank loans	43,380	48,649
	Payable within one year	5,465	5,268
	Payable after one year	37,915	43,381
	Amounts included above which fall due after five years:
	Payable by instalments	(13,696)	(20,271)

The long-term loans are secured by fixed charges held by Stewardship Services (Uket) Limited, over 49 Habgood Drive Durham, the amount secured is £48,649.

13 Creditors: amounts falling due within one year

Notes Bank loans 12 Other taxation and social security Accruals and deferred income 14 Creditors: amounts falling due after more than one year Notes Bank loans 12	2021 £ 5,465 3,448 2,160 11,073 2021 £ 37,915	2020 £ 5,268 2,816 2,040
		10,124
		2020 £ 43,381

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THE KING'S CHURCH DURHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

15 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 Incoming resources Balance at 1 September 2020 £ £ ACHOR - 96,532 Ballinger fund - - Restricted Gifts - - - 96,532	Movement in funds Incoming resources Resources expended £ £ 15,846 (11,087) 7,500 (7,500) 84,690 (84,690) 108,036 (103,277)	Transfers Balance at 31 August 2021 £ £ 19,365 120,656 - - - - 19,365 120,656	Transfers Balance at 31 August 2021 £ £ 19,365 120,656 - - - - 19,365 120,656
			120,656

ACHOR project - arises from the income generated from the events held within the property owned by the charity.

Ballinger Trust fund is a restricted grant awarded for the purpose of supporting those in need within Sherburn and the surrounding community

Restricted gifts are donations made by church members who specify to the charity what the donation should be used for.

16 Analysis of net assets between funds

Unrestricted funds Restricted funds 2021 2021 £ £ Fund balances at 31 August 2021 are represented by: Tangible assets 37,420 127,011 Current assets/(liabilities) 102,527 31,560 Long term liabilities - (37,915) 139,947 120,656	Total Unrestricted funds Restricted funds 2021 2020 2020 £ £ £ 164,431 39,118 130,426 134,087 60,306 9,487 (37,915) - (43,381) 260,603 99,424 96,532	Total 2020 £ 169,544 69,793 (43,381)
		195,956

17 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).

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