Charity Registration No. 1109814 Company Registration No. 05442834 IEngland and Wal8sl FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Dr J Evans Ichairl Mr A C Gillies Mr J Harding Mr B Ravens Mrs H Walson Mrs Fi Waldfon {Appoinled 17 November 20191 Charlly number 1109814 Company number 05442834 Prlncipal address Frontline Centre POBox38 Wavertr2e Liverpool L150FH Indepéndent examiner Mr P H Taaffe FCACTADChA BWM Castle Chambers 43 Castle Street Livefpool L2 9SH 8ankers CAF 8ank PO Box 289 Wesl Malling Kent ME19 4TA Kingdorn Bank Lirniled Ruddinglon Fields Business Park Mere Way Ruddinglon Nollingham NG11 6JS
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE CONTENTS Pagè Trustees. report Slaletn8nl ol trustees, responsibilities Independent examiner's report 11 S181emenl of financlal aclivilies 12-13 Balance sheèt 14-15 Statement ol cash flows Notes lo Ihe accounts
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST2020 The Iruslees present their report and financial slalemenls lor the year ended 31 Augus12020. Th& financial slaternents have been prepared in accordan¢& with the accounting policies set out in note 1 10 the financial slalomenls and comply with the charity's memorandum and articles of association. the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalemènt of Recommended Practice applicable lo charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" las amended for 8ccounling periods commencing from 1 January 20161. Frontline Trust is a registered charity originally CDnsliluled under a Declaration of Trust dated 9 June 1992. In May 2005 Frontline Trust was incorporated as a Privale Company Limited by GuaranlEe, which is also Registered Charity. The new company look over all assets. liabilities and aclivilies ol the former Trust on 1 September 2005. An introductlon to Frontline Church.. Our vision slalement is 'transformed by grace,. This vision speaks of our desire to b& a transforming influence Ihroughoul the Liverpool City Region and also highlights that this Iransformalion can only be achieved by God's grace by offering the life transforming power of a relationship wilh Jesus lo the people around us. Within this vision is the recognition that each person that we meet is an individual, made in the image of God, with Iheir own life journey. We believe that the good news about Jesus represents good news for all accordingly, our priority is lo welcome, aceepl and offer support lo people wherever we can, irrespective ol race, gender, sexual orientation, religious background or other irrelevant factors. We aspire lo God's standards of purity and holiness and leach these accordingly, whilst also rgcognising that no one is perfect and Jesus died that our sins might be forgiven. Frontline Church was rounded in 1992 by the merging ol two small congregations. Since then il has grown from about 60 members into 8 community of around 850 men, women and children. 11 is a church with a big heart and big vision. rhe primary adminislralion base is located al Frontline Centre, 147 Lawrence Road, Wavertree. Llverpool, L15 3HA, in what was previously a Territorial Army barracks and a P051 Office 8ngineering cenlre. This has been Fronlline'5 base since 1996 and the 18cililies have served us well over the years. It has aayS been our desire lo have a transforming influence in the whole ol the Liverpool City Region and, in direct response to this vision, we have been developing a strategy ol planting new churche5 in areas where we are working. The first of these new church plants was launched in September 2017 on the Wirral. Other church plants have been launched in other areas of Liverpool and in Chalkida. a Greek city where we have people serving. As well as a Sunday gathering, these new churches will be built on smaller Missional Communities with each group looking for opportunities lo connect with and serve the local community they are part ol. In addition lo geographically locussed church plants, we are also exploring demographic ones lor those for whom English is not their first language. We currently have a Polish church plant. Overall Ihero are currently lour such church plants operating in this way. As well as focusing on our own localities, we Work with other ¢hurche5 and agencies across Liverpwl and beyond. Our longing is lo be a transforming community within our own region and a model of what can be achieved in other paris of thè UK and overseas. Objectlves and actlv1150s'. The objects of Frontline frust are.. To advance the Christian Faith To relieve pc>verty, hardship. sickness and distress To advanc2 education and promote learning and training To provide and maintain facilities for the b9nefit of the community The Iruslees confirm that they have referred lo the guidance conlailled in the Charity Commission's general guidanc8 on public benefit when reviewing the charity's aiffls and objectives and in planning future aclivilies.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUEDIIINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST2020 Objectives re1CtIng the stalèd aims atrx)ve are translated into our core aclivilies. as outlined below. To advance the Christian faith Our mission is to build a vibrant chLsrch of wholehearted Christ followers who are commilled lo unlimited growth and influence. We have a congregation of afound 850 adulls and children within the church community who share this vision and purpose. Frontline has a deep-rooted mentoring ethos and we are commilled lo empowering our members lo reach Ih8ir lull potential and lo demonstrate their Christian values in everyday Through a wide rang8 of activities, including Christian outreach. worship. prayer. Holy Spiril ministry, leaching and personal discipleship, we s&& men. women and children being given a new sense of their value as human beings who are loved by God. Their lives lake on a new sense of purpose a5 they are molivaled lo seek and pursue their unique destiny, strengthened and Iiansformed through a personal relationship with Jesus and by being part of a community ol believers who share a common faith and vision, To relieve poverty, hardship. sickness and distress Over recent years our primary activity lo relieve poverty. hardship, sickness and distress has been lo invest heavily in the work of Imagin& If Trust. We continue lo do Ihis through providing grant funding, managem&nl services and support facilities lo Imaging11 Trust. Im8gine If Trust runs a variety ol projects including.. Slreelwise - working with street sex workers. Sticky Fingers Playgroup- a carer and toddler group. Bab-Flah - combating isolation among Muslim women. Gel Real providing relationship and sex education. Love Congo- providing skills and resources lo the war lorn Democratic Republic of Congo IDRCI. Sdcky Fingers Nursery- a day nursery offering places lo local children aged 24. Genesis Housing - offering supported living lo those who wefft previously homeless. Food Hub- providing low cost food lo those on a restricted budget. Linking Lives providing one lo one friendship and support to older people Family Mallers- providing support lo complex lamilios lo minimise the need for Social Services input Christmas Meal- providing a meal lor around 250 homeless or isolated people on Christmas day In addition lo the support Wo provide lo Imagine If Trust, we are also developing church programmes that make a contribution towards meeting this objective. These Include.. Forever Young - a weekly group combating isolation among older people Celebrate RecDVery a Christ centred programme lo support those looking lo overcome life controlling hurts, habits or hang-ups To advance education and promote learnlng and training Lifelong learning is an implicit part ol the Frontline elhos, and this is reflected in the mgnloring syslem within the church and through our Sunday teachings, which are relevant lo people's daily lives. Our youth work8rs carry out assemblies and deliver lessons in schools, helping lo meet the Religious Education curriculum requirements. In addition. several of the projects run by Imagine If Trust promote learning or deliver training programmes.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT ICONTINUEDIIINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 AUGusf 2020 To provide and maintain facilities for the benefit of the community Since purchasing our current building, we have abNays sought lo ub'lise the facilities in furtherance of our objectives and for the benefit of th& CDrnmunily. Around 500 peop18 visII our Wavertree facilily lor a service each Sunday. In addition over 300 carers and children use the building during th8 week through the Sli¢ky Fingers project, whilst the FoodHub sessions. held Iwice a wo8k. see around 70 people who find friendship and community whilst choosing their shopping. We also provide facilities for community training courses and make facilities available lo other agencie5 and community groups, such as providing fooms lor a local resident's forum. Other community aclivi11oS that are hosted in the Frontline Centre include children's cheer leading Classes, music rehearsals, food slofage, birthday parties, events promoting loslering and adoption. and family fu days. Our partners,. We would like lo offer our Ihanks lo all the organisalions and individuals who have supported us in our work this year, including all ol our church members, volunteers, donors and sponsors. Everything Frontline has achieved this year has been reliant Dn your valuable conlribulions, in all their various forms. Thank youl Coronavlrus: The impact of coronavirus on our work has been challgnging both on the services we provide and on the slaft that work for us. It is clear that the ifflpacl ol this pandemic will continue some considerable way i nlo the future and as such in both governance and operation wa have attempted lo do what we can lo ensure the long-lerm health of the organisalion. Overall we discovered that though our structures had lo chang8 our values didn't. Focussing on our values enabled us lo continue lo lulfil our vision and objectives even if we were adapting lo a changing landscape. A lesson that will sland us in good stead for whal&v8r lies ahead. Like everyone else, we had lo cancel all public services from March 2020. As a church we discovereA that the sustaining life of our smaller Missional Community groups really came into their own when the large Sunday gathering was no longer possible. An elhtss we had always believed, that the real life was in the smaller units, was lesled and proved lo be true. Many Missional Community groups moved their activities online digital technology such as Zoorn. These groups continued lo provide emolional and spiritual support lo their members as well as leadership development as more leadership opportunities were created. With the regular connection of a Sunday service no longer available. the Senior Leadership Team implemented daily bible devotions (pre-recorded video 5egmenlsl and nighlty prayer times Ilive over Facebook). These measures have don8 a significant amount lo help peopls lo develop their own spiritual rhythms. Almost by accident il also fulfilled some ol oui perforrnance targets although not in a way that we Could have ever anlicipal8d. This growlh in digital communication also Included the 'slreaming' of servlces on a fortnighlly basis from May 2020. Again, not somalhing we had planned lo do bul has meant that we are able to CDnnecl with and serve group of people that would never have come lo one of our Sunday services - either because il was far outside their experience. or because Liverpool was far outside their geography. Again, a good experience Ihal will shape our future plans. One goal lor OUT future will be lo maximisè the opportunity offer8d lo us by the digital world. In September 2020 w& initiated small seryices limited lo 50 people, the maximum number we can fil in our building while still rnaintaining social distancing. These seNices have been by invilalion, with people signing up iri advance. wearing a face mask, having their lemperalure taken on arrival and being allocated a 2m square marked out Dn the floor. All church members are invited once per month and the opportunity lo attend a small. simplified seNce has been greatly appreciated.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUEDI(INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 AUGusf2020 Achievements and performance Prior to the coronavirus outbreak, in 2019120 we continued lo press forward with our objectlves ol boih promoting the Christian Faith and working to invest in the weware of the city & rtsgion, lo develop community, relieve povety and help in limes ol distres5. The main focus of the year was continuing development and impl6mentalion of a strategy for planliro multiple new churches acros5 the Liverpool City Region and further afield. As well as location based church plants in the Wirral, Toxlelh and Greece, we are now exploring demographic ones initially for those for whom English is not their first language. In the future this will include exploring digital church coronavirus pandemic. an opportunity presented out of necessity from the As well 89 providSng an opportunity for people lo meo1 others in the church and worship together, the larger services in Wavertree prtsviée a key opportunity for people lo grow and develop in Ihoir thinking and understanding of the Christian faith. Additionally these services are an opportunity lor those who are developing new skills lo be trained and mentored in areas such as team leadership, preaching, worship leading, elc. Throughout the year the chLJr¢h has continued lo develop our Mis5ional Communities and we now have 24 separate mid-week groups with over 350 people participating in them. These diverse groups are organised by geography, life stage c>r particular interests and run a variety of a¢livities in the local community, as well as supporting people in Ih&ir faith. In line wllh our object of advancing the Christian faith, these community groups encourage members to look for ways lo communicale their faith lo others, both in Iheir daily lives and also when the groups meet. Liverpool has a large sludenl population and Frontline Church has a long history of seeking lo conne¢l with and see Ih05e coming lo the city lo study. Many of the key church leaders today were themselves first introduced lo Fronuine when they came lo Liverpool as students. We have a number of Missional Communities that are geared specifically towards supporting and discipling students and through these students reaching out lo the wider sludenl population. Al this point we have around 40 Students who are part of the Frontline family representing four diff8renl univer511ies. We have continued to develop our partnership with Kairos Connexions (Kxl. This is a network of churches in the UK and further afield who carry similar core vision and values and are looking lo davelop Missional Communities as a Central aspect ol their slralegy for growth. We believe the wider connection with Kx churches brings strength lo Frontline, particularly through the opportunity lo pariicipale in learning communities, share best practice and access respecled teachers, as woll as offering the opportunity for us lo support and en¢ourage other churcttès in the UK. Pro ecls and mini tries.. Our Christian ethos is the rnotivalion lor investing into and supporting people regardless of religion, gender, sexu81 orienlalion or race. Our obj8Cts speak of our priority lo see the transformation of people and places by the practical impact of our Christian faith. In pursuit of this, in 2012 we supported the eslablishmenl of a new independent charity, Imagine If Trust, lo act a5 an umbrella organisalion for the development of social Iransformalion projecls. Imagine 11 Trust has a separate board of Iruslees and is free lo develop in pursuit ol ils own priorities. Frontline, however, continues to be a major supporter. During the year ended 31 August 2020 Fronlline Trust mad8 grants of £43,350 10 Imagine If Trust 12019.. £43,350) and supported over 7S church members to giv8 their skills and b'me by volunteering for Imagine If Trust projects.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUEDIIINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2020 As well as supporting Imagine If Trust projects, Frontline is developing other inilialives that meet the objective ol seeing Iransformalion in the people and places around us. Our 'Forever Young, inilialive. provides opportunities lor friendship and support lo the older members of the community. Meeting weekty, these sessions provide social interaction, fun, 5UPPOrt and a sense of belonging lo the members of the group. This initiative is now well established with 3 growing repulalion in the local community. 11 has a dedicaled 18am who serve an increasing number of older members ol our community. Over the last seven years we have partnered with Imagine If Trust lo host a Christmas lunch for those who arg homeless or isolated. The team DI over 30 VDlunleers provide great food, lun and a Christmas film lo a growing number of guests. Last Chflstmas wè provided around 250 Christmas lunches our thanks lo the various partners lor the enormous generosity that enables this event lo happen. During the first pari ol th8 year we continued lo run our Celebrate Recovery ICRI projecl. CR is a Christ cenlred programme lo help Ihose who want lo overcome life controlling hurts, habits or hang-ups. After a period of training. the programme was launched in JanLJary 2019 and has been very beneficial lo th8 participants. All of the projects were impacted in different ways by the coronavifus pandemic. Most had lo shut with only those providing food and provisions contlnuing on a very reslricled basis. Over the later months ol the year we have seen somo projects begin lo re-start with many measures in place lo protect stsff and users from coronavirus. As levels ol inle¢lion have fallen and risen we have had lo remain vigilant and agile lo respond lo the latest reslriclions and guidelines. Part ol our core values is lo see the same Iransformalion in other nations that we are working towards in Liverpool. Most obviously this expresses itself in us sending people and giving finan¢ially lo invest in various situations around the world. This year, due lo coronavirLJS, we were unable lo have our overseas workers visil Fronllintt bul we have been able to SUPPOrt them ulilising.digilal technology and il has been fantastic lo have soma ol them contribute lo our online ¢onlenl despite being thousands of mi5es away an opportunity we would not have olherNise had. As well as encouraging our overseas workers, this profil& also encourages Ihe church to sUPPOrt Ihern and even consider spending some lime overseas Ihefns&lves. During the year ended 31 August 2020, we supported 24 people who are working in seven drfferenl cwntries 12019.. 24 people working in seven counlriesl. While &ach overseas worker has different opportunities, they all look to bring Iransforrnation lo the people and plac8s with whom and in which they are living. Some do this primarily through engaging with those in the workplace and others are more publicly hosllng meetings and planting churches. We count il as 8 privilege lo have connection with men and women who want lo invest their lives in this way. It would normally be aur pra¢ti¢e lo send out short term teams lo work alongside our overseas workers bul sadly the opportunily lor this has been very lifftiled due lo the travèl bans in place lo limit the spread of Coronavirus. During the early part of the year 10 people were involved in teams we sent out12019.. 43 people). Most ol the teams go out in the summer months- a lime wh&n travel has been very restricted. The best way lo feel part ol a large church is lo gel involved through volunteering. Al Frontline we seek lo offer relevant and fulfilling opportunities lo our members lo volunteer in pursuit of our vision lo see our aly 'Iranslorrned by grace,. During the year over 250 members ol Frontline volunteered In over 400 diffgrgnl roles (broadly the same as in the previous year). These include leading Missional Communities. stewarding in services, assisting with Kids Zone, providing hospitality, and many. many Ore. Through these pra¢li¢al acts ol service Frontline members gel lo contribute their gifts and also g81 the benefits of playing their part in a team. vernan During the year the Board of Trustees have sou9hl lo ensure that there Is representation from and growing connection with Ihg different areas of the Frontline lamily. Additionally. we have one Iruslee from outside the local church who brings a specific skill, experience and perspective lo the board.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUED)IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2020 Financial review Oveiall the picture is on8 of the organisation perforrning well despite the pandemic. That said. the Trustees are vary mindful that the polènlial financial impa¢l could be fell over the next 5.10 years as the e¢onomy r&¢overs. Virtually all of our income is based on personal donations from our members. As such we are very mindful that lor many the economic picture looking ahead is very shaky. As their personal income fluctuates, it would be reasonable lo anticipate that the income lo tho trust will similarly Ilucluale. In the immediate and short term, the trust finances have performed well, With the lockdown meaning we had low&r costs due lo not providing services. ws also had lo place a number of 51aff on furlough, as there was no work for them lo do. This resulted in income frorn the government's Coronavirus Job Retention Scheme. These two fa¢lors. increased income and reduced expenditure. have meant that our financial performance in 2019120 was not impaired. Having said this, the Trustees have taken a prudent approach lo the financial future. creating a designated lund from reserves lo prolocl against a r&duclion in income as the coronavirus pandemic Continues and governrnent support reduces. Additionally they have prepared a cautious budget for 2020121, anticipating a 15Vo reduction in income and made a number of provislons lo reduce spending in the longer term wlhoul hilling Ironlline seroicos. Our core income, which largely derives from individual donations, has fallen slightly over Ihg year lo £690,789 12019.. £732,680). We have genèrally managed lo keep spending within budgetary limits. resulting in a surplus lor the ytrar of £23,20112019'. deficit tsf £7461 Looking ahead into 2021 the Iruslees continue lo be confident that the organisalion is financial robust enough lo be a going concern for the next 12 months and that we will maintain our ability lo finance high quality activities and services which will enable us lo achieve our primary objectives. Investment pollcy: There are no reslri¢lions on the inv8slmenl powers of the Iruslees. Our liquid funds are currently held in various bank savings accounts. Re5eryes policy: Our resetve5 policy reflects our desire ID maintsin a liquid reservg io draw on in the event ol any dUction in our donated income stream, lo provide a measure of protection lo our ability lo deliver our core obpclives. We continue lo airn lo have a fund of free and liquid reserves equivalent lo at least £30,000. The Trust's balance sh801 is strong and w911 financed, bul because th8 majority of funds are either reslricled or designated, managing the day-lo-day cash flow can be more challenging. Operational lfreel reseNes al the year.end sland al £46,076 {2019.. £48,518) and are above our largel for free reserves. Deslgnated funds From lime lo liflle, we decide lo set aside certain funds lo alk>w for the developrnenl ol a new proj8cI or lo facililale our desire lo support external agencies or individuals. whether in the UK or abroad, whose work conlribules lo our overarching purposes. Current funds inclLKfe'. Kairos Connexion and Emmaus are both funds that have been sel aside lo serve churches in the region, nats'on and overseas. who are pursuing similar objectives lo us. Coronavirus Funds represent funds sel aside from resèrves lo protect the organisalion from the potential downturn in incDffle over the coming years due lo the longer lerrn economic impact of the coronavirus pandemic, coupled with an anlicipaled reduction in government support.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT ICONTINUED)IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2020 Risk polScy The Iruslees have identified Ihe following main risks lo our organisalion and responses lo Ihese risks are oullined below. Safel A Health and Safely policy has been written and signed by the chairman of the board of Iruslees. Work has been carried out on risk assessments including an assessment of lire safely and asbes105. A staff member and a Iruslee have been identified as having specific responsibilities for health and safely and the former has completed their NEBOSH training. Health and Safely induction arid training is provided for all staff and volunteers as appropriate. Exle One ol our potential risks is adverse publicity in an increasingly secular society that can be critical ol Christian values. Since we are an independent oiganisalion, our membership ol the Evangelical Alliance and Together for the Harvest, both organisalions locussed on the developrrenl of church co-working, along with clos& relationships with churches ol various denominations all contribute lo building our credibility. Our presence in the community also minimises this risk as we work tangibly and visibly lo serve the comtnunity's needs Child Protection & Vulnerable Adults A Child Protection and Vulnerable Adults Policy is in place. The Trustees lake very seriously their responsibility lo protect and safeguard the welfare of childr8n, young people and vulnerable adults enlrusled lo Frontline's care. All staff and volunteers Inol jusl those who have access lo children. young people and vulnerable adults) are briefed on their responsibilities and aro made fully aware of the organisalion's child prolectlon and vulnerable adult's policy and procedures. Any of our staff and volunteers involved in aclivilles where they may have contact with children, young people or vulnerable adults are required lo undergo DBS checks. A Safeguarding Team has been appointed and meets regularly lo &nsure that the policy is being implemented and lo ensure that Ihe policy remains both effective and up to dale. Financial Risks Guidelines are issued lo all staff on proper cash handling proc8dures and are updated al least once a year. Inslru¢lions are issued lo avoid making purchases in cash unless Il is unavoidable. Internal departmental prc>cedures have been 51andardised. Departmental records and central accounts are monitored règularly and all dèpartmental budgel holders receive monthly budget performance reports. The Iruslees have reviewed and updated the policies in relation lo bribery and money laundering and have provided these lo all slaff along with training in identifying potential areas of risk and how to manage these. The Iruslees have assessed the financial risk of a downtufn in the economy resulting In a reduction in donalions and have pul in place a designated fund, the Coronavirus Fund, lo miligale the impact of this. The IrLJStees have updated policies in line with GDPR legislalion and during the year provided all staff with training in relation to their responsibilities regardin9 the management and use ol personal csala. We receive regular guldance on financial risks from our accountant, the Charity Cornmission, HMRC and various third sector agencies. This keeps us up lo dale with newer areas ol risk. Our accountant also advises us of any specific aaS ol weakness that may be identified during the annual independent examination, so that we can lake immediate steps lo correcl or protect against them. During the first half of the year, the trustees p8rlicipaled Sn training In relation lo the idenlrfication and mana9omenl of iisk.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2020 Futur8 aims.. The various leadership teams have continued lo locus on our core vision and values. The year ahead will see us continue lo seek lo deliver on our objectives regardless ol the challenges that the ooronavirus pandemic may present. We will look lo maximise on the opportunity lo expres5 our values in new ways and will continue lo communicate the dislinclive ol the church with growing confidence and clarity. This will build well on previous work done in Ihis area and will continu& lo enable us lo work out our key objectives. These are.. 'Transformed by grac8." Values Our 4 core values.. Aulhenlic Devotion Extènded Famlly Confident Witness Kingdom Impact These values increasingly shape the decisions we make and underpin how we outwork our objectives. Slrucluras The main slrLJCtures we have idèntified for achieving our vision and expressing our values are.. Missional Communities Church Plants l Missional Hubs Igalherings of Missional Communities up lo about 100 people) Sunday seNices Oulraach projocts structure, governancg and managgment The Truslee Team engages with, and delegales lo. a Imder Leadership Team lo implement the direction and V15ion of the charity. In addition lo the Trusleo Team, the Wider Leadership Team includes three other groups. The Executive Team IET) is a group of 4 leaders who run the church on a day lo day basis. The Senior Leadership Team ISLTI is made up of ET plus 4 other leaders, who help sel the Dverall direction and priorities of the church. The Advisory Team comprises a group of key advisors lo the Senior Pastor and who contribute lo the wider vision of what we ar& doing and where we are going. The Trustee Team oversee the legal and financial responsibililies ol the Trust, and have the overall legal responsibility for the charity. All four groups meet regularly, both separately and loggther. The trustees, who are also the directors for the purpose ol company law. and who served during the year and up lo the date of signaiure ol the financial statements were.. Dr J Evans (Chairl MrA C Gillies Mr J Harding Mrs J Mariner Mr 8 Ravens Mrs H Wa150n IArs R Waldron {Resigned 30 November 20191 (Appointed 17 November 20191
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUED)IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2020 Executiv Tea John Harding {S&nior Paslorl, John Gibson ICEO I Services Pa51orl, Jack Mariner (Missional Communilies Paslorl, Hebe Ambl&T IPA lo Senior Paslorl eaders am The Exe¢ulivè Team plus Sue Uddin (Pastoral Care), James Sloan Icommunily Projeclsl, Anna Evans (Prophebcl, Chri5 Kent Iyoulh and Missions Paslorl. Adviso Team Liddy 8askervi11o, Tom Baskerville. Mall Edmundson, Al Marshall, Dave Sharples, John Sloan. Myra Sloan. The remunerallon ol the key management rsONNel is reviewed each year by the Chair and Finance Iruslees. Any rg¢offtmendalions for adjuslmenl are included in the annual budgets and as such approved by the full board of Iruslees. The trust does not use any external pay scales In deciding the remuneration of the key management personnel. Method of appointment of trustees- Vacancies are filled from appli¢anls responding lo either open advertisements lo the Ghurch congregation or lo personal invilalitsns proffered lo individuals with particular skills matching current needs. Applicants receive a comprehensive infoirnation pack including the most recent annual reports and standard Charity Commission Publi¢alions and doGumènls on the Governance responsibilities of Iruslees. Appointments follow an interview with the ChalT and al leasl one other board member. No other person or body is involved and no individual has the power of appointment. Induction and training of new trustees.. Relevant training and induction is offered lo new Iruslees in line with their 6xperience and knowledge of Ihtr workings of Fronlling Trust and the wider responsibililias of a Iruslee. New Iruslees are generally invilgd lo attend one or tWD board meetings as an 'observer' prior lo a final decision lo appoint. Small company provisions This report has been prepared in accordance with the special provisions relating lo small companies wlhin Part 15 of Ihe Cotnpanies Act 2006. On behalf of the board of trustees Dr J Evans (Chair) Trustee Dated..
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST2020 The Iruslees, who are also the directors ol Frontline Trust for the purpose ol company law, are responsible for preparing the fru51ees' Report and the financial 51alements In accordance with applicable law and United Kingclorn Accounting Standards IUni18d Kingdofn Generally Accepted Accounting Praclicel. Company Law requires the Iruslees lo prèpare linancial statements for each financial year which give a true and lair view of the stsle of affairs of the charity ancl of the incoming resources and application of fesOLJrS. including the income and expenditure. ol the charitable company lor (hal year. In preparing these financial statements, the Iruslees are required lo.. select suitable accounting pollcies and then apply them consislenlly., observe the methods and principles in the Charities SORP.. make judgements and èslimales that are r8asonable and Pfudenl.. slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slaternents., and prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position ol the charity and enable them lo ensure that the financial slalemenls comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets ol the charity and hence for taking reasonable steps for th8 prevention and delecllon of fraud and other irregularlties. 10
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRONTLINE TRUST I report lo the charity Iruslees on my examination ol the accounts of Frontline Trust lor the year end8d 31 Augusl 2020. This report is rnad¢ solely lo the charily's Iruslees, as a body, in accordance with Section 145 01 the Charities Act 2011. My examination has been undertakèn so (hal I might slal& lo the charity's Irusloes those mallers I am required lo slate lo them in an Independent Examiner's report and for no other purpose. To the fullest exlenl p8rmilled by law, I do nol accept or assume responsibility lo anyone other than the Gharily and the charity's Iruslees as a body, for rny exatninalion, for this report, or for the opinions I have formed. Responsibilities and basls of rgport As the charity's Iruslees of Frontline Trust land also ils directors for the purposes ol Company lawl you are responsible lor the preparation of the accounts in accordance with the requirements of the Companies A¢1 20061'lhe 2006 Acl'l. Having satisfied myself that th8 accounts of the charity ar8 not reqLJired lo be audited Ljnder Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of my examination ol your charity's accounts as carried out undar section 145 of the Charities Act 2011 I'lhe 2011 Act'}. In carryin9 out my examination I have followed the Directions given by the Charity Cornmi5sion under section 145151 Ibl of the 2011 A¢1. Independent examiner's statamant Since the Charity's gross incom& excoedfjd £250,000 your examiner musl be a member of a body listed In section 145 012011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Inslitule ol ChartereLI Accounlanls in England and Wales, which is one ol Ihg listed bodies. I have ¢omplel8d my examinalion. I can Confirm that no mallers have come lo my allenlion in connection with the examinalion giving me cause lo believe.. accounting records were not kept in Spect of the Charity as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or Ihg accounts do not comply wilh the accounting requir8menls of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view, which Is not a mallef considered as part of an Independent examination,, or 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 lo charities preparing thelr ac¢ounls in accordance with the Financial Roporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding ol the accounts lo be f8ached. Peter Taaffe FCA CTA DChA BWM Chartered Accountants Castle Charllbers 43 Castl8 Street Liverpool L2 9SH Dated..
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020 Current financlal year Unr&strlctad R&stricted funds funds 2020 2020 Total Tolal 2020 2019 Notes me Donations and legacies Charitable activities Investments Other income 662,021 17,841 107 1,528 9,292 671,313 17.841 107 1,528 640.426 90,859 1,311 Total incom& 681,497 9,292 690,789 732,680 Charitable activities 663,119 4,469 667.588 733.426 Total axpendltur8 663,119 4,469 667,588 733,426 Net Incominglloutgoingl resources beforè transfer5 18,378 4,823 23.201 17461 Gross transfers between funds 18291 829 Not movement in funds 17,549 5,652 23,201 1746) Reconciliatlon of funds Fund balances a11 SepleTnber 2019 497,786 3,725 501.511 502,257 Fund balances at 31 August 2020 515,33S 9,377 524.712 501,511 The slalem8nl of financial activities in¢ludes all gains and losses recognised in the year. All income and expenditure delive from continuing 8cllvS1ies. The movem&nl in funds detailed above complies with the requirements for a slalemenl of changes in equity under FRS102. The slalement ol financial a¢livilies also complies with the fequiremenls for an in¢ome and expenditure accounl under the Companies Act 2006. 12-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGusf2020 Prior financial year Unrestricted Restrictgd funds funds 2019 2019 Total 2019 Notes Donations and legacies Charitable activities Inveslmonls Other income 635.426 90.8S9 84 1,311 5.000 640,426 90.859 84 1,311 Total Income 727.680 5.000 732.680 Charitable actilieS 730.602 2.824 733.426 Total exponditure 730,602 2.824 733,426 N&t incominglloutgoingl resources before transfers 12,9221 2,176 {7461 Ngt movemènt In funds 12.9221 2,176 17461 Reconciliation of funds Fund balances al I September 2018 500,708 1,549 502.257 Fund balances at 31 Augu$t 2019 497.786 3,725 501,S11 The stalemènl of finanaal activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing acliviti8S. The movement in funds detailed above complies wilh the requirements lor a sialemenl ol changes in equity under FRS102. Tho slalemenl of financial activities also Complies with the requirements for an income and expendiluTe account under the Cornpanies Act 2006. 13
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE BALANCE SHEET ASAT31 AUGUST2020 2020 2019 Notes Fixed assets Tangible assets Investments 12 13 439.648 449,266 439.650 449.268 Current asso1$ Debtors Cash al bank and in hand 15 21,725 121,822 17,084 41,736 143,547 58,820 Liabllitles Creditors.. amoijnls falling due within one year 17 133,4851 16,S771 Nel current assets 110.062 52.243 Totsl not assets 549,712 501,511 Creditors: amounts falllng due after mor8 than one year 18 125,0001 Net assets 524,712 501.511 Tho fund5 of the charity Restricted funds Unre Other designated funds 20 9,377 3,725 21 29,609 Other charitable funds Funds represented by fixed assets Free reserves 439.650 46,076 449.268 48.518 General unreslricled funds 485.726 497,786 Total unreslricled funds 515,335 497,786 Total ¢harlty funds 524,712 501,511 14-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE BALANCE SHEET (CONTINUED) ASAT31 AUGUST2020 The company is enlilled lo the exemption from the audit requirement contained in se¢lion 477 of thè Companies Act 2006, lor the year ended 31 August 2020. The Iruslees a¢knoedge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the stale Df affairs ol the company a5 al the end ol the financial year and of its incoming resources and application ol resourc&s, including ils income and expenditure, for the financial year in accofdance with the requirements of secb'ons 394 and 395 and which otherwise comply wilh the requirements of the Cofflpanies Act 2006 relating lo financial slalements, so lar as applicable lo th& company. The members have not required the company lo obtain an audit of Ils financial statements lor the year in question in a¢cordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the small compani85 regirne. The financial stal&menls were approved by the Trustees on 2 ...F..• 202 Dr J Evans Ichair) Trustee Company Reglslratlon No. 05442834 15-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGusf2020 2020 2019 Notas Cash flows from operating activities Nel cash provided by operating activitles 24 88,168 15,973 Investing actlvltias Purchase ol tangible fixed assets Interest received 18.1901 107 11,0991 85 Net cash used in Invg$1ing activili8s 18,0831 {1,0141 Net Increase in cash and cash equivalenls 80,Q186 14.959 Cash and cash equival6nls al beginning ol year 41,736 26,778 Cash and cash equlvalents at end of year 121.822 41,736 16
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 Accounting policies Charity informallon Frontline Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Frontline Cenlre, P O Box 38. Wavertree, Liverpool, L15 OFH. 1.1 AGcounting convention The accounls have be&n prepared in accordance with the charily's memorandum and articles of association the Companies Act 2006 and "A¢counling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 las amended for accounts" periods corllmencing from 1 January 20161- The charity is a Public 8enelil Enlily as defined by FRS 102. The financial statements are prepared in slerllng, which is th& lunclional currency of the ¢harity. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The accounts have been prepared under the historical cost wnvenlion. The principal accounting policies adopted are set out below. 1.2 Golng ctsn¢¢m Al the lirne ol approving the accounts and as detailed in the Trustees, report, the Truslees have considered the impact ol Covid-19 on the charity and the Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus, the Trustees continue lo adr)pt the 'going conc8rn' basis of accounting in preparing the accounts. 1.3 Charitable fund$ Funds held by the charity are.. Unrestricted general funds - these are funds which can be used in accordance with the charitable objects al the discretion of the Iruslees. Designat8d funds - these are funds sel aside by the Iruslees out of unreslricled general funds lor specific future purposes. Roslricled funds - these are funds that can only be used for partlcular restricted purposes within th8 objects of the charity. Reslriclions arise when speafied by the donor or when funds are raised lor particular reslrlcled purposes, Capital grants receivable are Irealed as restricted income unb'l they are expended. Thereafter thay are treated as designated funds. provided the reslriclion has been discharged, and then released to general funds over the life of the related assal. FL*rth8r explanation of the nature and purpose of each fund is included in the notes lo the accounts. 17-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2020 Accounllng policies Icontlnuadl 1.4 Income In¢ome is recognised when the charity is legally enlilled lo il after any performance conditions have been mel, the amoun15 Can be measured reliably, and il is probable that income will be re¢6ived. Voluntary income including donations and gifts are recognised where there is enlillemenl. certainly of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when Ihe dorTror has imposed conditions which musl be mel before the charity has unconditional enllllemenl. Inveslmgnl income Is recognised on a receivable basis. Income from charitable aclivitios includes income received under contract or where enlillemenl lo grant funding is subject lo specific performance condillons is recognised as earned las the related goods or services are providodl. Grant income included in this category provides funding lo support performance activities and is recognised where there is entillemenl, certainly of receipt and the amount can be measured with sufficient reliabllity. On occasions where the charity received assistance In the form of donated goods and facilitles. and the benefit is quantifiable and material, an appropriate amount is included in income and an &quivalenl arnounl as expenditure under the relevant heading. The value of services provided by volunteers has nol been included in these accounts. Income from donated services and facilities is included at a valuallon which 15 an estimate of the financial cost borne by the donor where such a cost is quanliliable and measurable. No income is re¢ognis8d when there is no financial cost borne by a third party. 1,S Expenditura All exp6nditure is accounted lor on an accruals basis and has been classified under headings that aggregate all cos15 related lo the category. The irrecoverable element DI VAT is included with the item of expenses lo which it relates as this cannot be recovered by the charitable company. Charitable activities Charitable expenditure comprises those costs incurred by Ihg charity in tho delwery of ils activities and services lor its beneficiaries. Governance Gosts This category includes those costs assoclaled with meeting the constilulional and statutory requiTemenls ol the charity. 1,6 Tanglble flxed as$et$ Tangible fixed assets are initially measured al cost or deemed cost for land and buildings on transition to FRS 102, nel of depreciation and any impairment losses. All assets costing more than £1,000 are capitalised al cost. Depr&ciation is providgd al rates calculated to write off the cost less estimated residual value ol each asset over ils èxpectod useful lifè, as follows.. Land and buildings Fixtures, fittings & equipment 2°h p.a. on a slraighl line basis 33 /4P.a. on a slraighl line basis lcompulersl and 20Qlo p.a. on a reducing balance basis Ifixlures. fittings and equipment) The gain or loss arising on the disposal of an asset is determined a8 the difference b&tween the 5alg proceeds and the carrying value of the asset, and is recognised in nel incofnellexpendilurel for the year. 18-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ICONT5NUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Accoijnting policies Icontinuedl 1.7 Flxed asset investrn8nts A subsiéiary is an entity controlled by the charity. ConlrDI is the power lo govern the financial and oporaling policies of the entity so as lo obtain benefits from ils aclivilies. The wholly-owned trading subsidlary, Frontline Trading IUKI Limited is incorporated in the United Kingdom. The company ceased trading on 1 Seplernber 2013. 1.8 Impalrment of flxed asSOts Al each reporting end date, the charity reviews th8 carrying amounts of ils tangible assets lo determine whether there is any indication that those assets have suffered an impairm8nl loss. If any such indallOn exists, the recoverable amount of the asset is eslimaled in order lo determine the exlenl of the impairment loss lif any). 1.9 Cash and cash equivalent$ Cash and cash equivalents indude cash in hand. deposits held al call with banks, other short-lemi liquid investments with original malurits'es of ihree months or less, and bank overdrafts. 1.10 Financlal Instruments The ¢harily has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all ol ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the Conlraclual provisions ol the instrument. Financial assets and liabililies are offset, with the nel amounts psented in the financial slalemenls, when there is a legally enlor¢8able right lo sel off the reeognised amounts and there is an inlgnlion lo sglue on a nel basis or lo realise the asset and sellle the liability simultaneously. Basic financlal assets Basic financial assgls. which includ8 debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortis8d cost using the effective inleresl method unless the arrangement conslilul¢s a financing Iransaclion, where the transaction is measured al the present valtje of the fvlure receipts discounted al a market rale of inlgresl. Financial assets classified as re¢eivable within one year are not amortised. 8asi¢ financial Ilabililles Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement ¢onstilutes a financing Iransaclion, where the debt instrument is measured at the presenl value of Iha lulure payrnenls discounted al a market rale of interest. Financial liabilib'es classified as pay3ble within one year are not amortised. Debt instruments are subsequ8nlly carried al aFllOrtised cost. using the effective interest rale method. Trade creditors arg obligations lo pay for goods or services that have be&n acquired in the ordinary Course of opefalions from suppliers. Amounts payable are classified as current liabilities il payment is due within one yeai or less. If not, they are pwsented as non-currenl liabilities. Trade creditors are recognised initially al Iransaclion price and only measured al amortised cost using the effective interest method if payable in mor8 than one year. Derecognition of flnanGlal liabllltles Financial liabilities are derecognised when thè charity's contractual obligalions expire or are discharged or cancelw. 19-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Accounting policies IContinu¢d) 1.11 Employge benefits The cosl of any unused holiday enlill8menl is re¢ognised in the period in which the employee's services are received. Termination bonelils are recognised immediately as an expense when the charily is demonstrably commilled lo lerrninate the employment ol an employee or lo provide termination benefits. 1.12 Rgtiremenl bgnefits The company makes contributions into employees, privalB pension plans. The contributions are charged as expenditure in the year in which they are paid. 1.13 Taxation The Charity benefits from various exemptions from 18xalion afforded by lax legislation and is not liable lo corporalion lax on qualifying income or gains falling within those exemplions. Recovery is made of lax deducted from income and from re¢eipls under Gift Aid. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive ol VAT. Critlcal accounting estimates and judgements In the application ol the charity's accounling policies, the Iruslees are requlred lo make judgements, eslirnates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on hislorical experience and other laclors that are considored lo be relevant. A¢lual results may differ from these eslimales. The estimates and und8rlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are rocognised in the period in which the estimate is revised where Ihe revision affects only Ihal period. or in the period of the revision and future periods where the revision affects both current and futur& periods. Donallons and legacies Unrestrlcted Restrlcled funds funds general 2020 Total Unreslricled Reslricled funds funds general 2019 Total 2020 2020 2019 2019 Donations and gifts Core grants 814,375 47,646 9.292 623.667 47,646 635,426 5.000 640,426 662.021 9.292 671.313 635,426 5,000 640,426 Grants receivable for Corg aclivltlas Coronavirus Job Retention Schem8 Grant 47,646 47.646 47,646 47,646 20-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Charitable activitiès Unrestrlcled funds general Church 2020 Unreslricled funds general Church 2019 Income from charitable activities Other income 12,697 5,144 17,610 73,249 17,841 90,859 Investmgnts Unreslrlcted Unresliicled funds funds y6neral general 2020 2019 Interest receivable 107 84 other income Unrostricted Unreslricled funds funds general general 2020 2019 other income 1,528 1,311 21
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2020 Charitable activitiès Church 2020 Church 2019 Slaff costs Dèpreciation and impairment Premises expenses Repairs and renewals Motor arid travel Legal and professional Self employed workers Course and conference expenses IT cosls Office expenses Food, drink and other purchases Sundry expenses 381,602 17,807 38,589 9.214 12.662 15,835 14,869 g,T43 439,492 17,316 43,554 10,138 6,969 11,313 13,081 13,999 ji 24,639 16.254 18,197 10,350 24,657 23,408 27,294 13,763 569,761 644.984 Grant funding ol activities (see note 81 Share of govemance costs (see note 91 92.457 5,370 83,378 S,064 667,588 733.426 Analysls by fund Unreslricled lunds - general Restricted funds 663.119 4,469 730,602 2,824 667,588 733,426 -22-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2020 Grants payable 2020 2019 Church Grants lo inslilulions.. Imagine If Trust Together for the Haryesl Fusion 4 Points Toxleth Kairos Ctsnn&xions Elplilhah The Bridg& Trust Iris Ministry 43,350 3,600 43,350 3,600 500 2,500 3,000 2,000 3,200 4.000 2.5QO 3,976 56,650 58.926 Grants lo individuals 35,807 24.452 92,457 83.378 Support costs Support Governance ¢ost$ costs 2020 Support Governance costs costs 2019 Independent exarninalion lees Accountancy fees 1,785 3,585 1,785 3.585 1,750 3,314 1,750 3,314 5,370 5,370 5.064 5,064 Analysed between Charitable activities 5,370 5,370 5,064 5,064 Support and governance costs are recharged lo church activilles. Governance costs includes payments lo the independent examiner of £1,785 for independent examination lees12019- £1.7501 and payments lo the independent examiner for accountancy serVIS of £3,58512019- £3,314) 10 Trustees No trustees were reimbur88d gxpgnses during the ygar12019- one Iruslee was reimbursed travèl &xpenses of £251. 23-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2020 11 Employees Number of ¢mployoes The average monthly number of employges during the year was.. 2020 Number 2019 Number Charitable 19 20 Employment costs 2020 2019 Wages and salaries Social securily costs Other pension costs 347,356 20,412 13,834 391,824 29,417 18,251 381,602 439,492 Included in wages and salaries are redundancy and ex-gralia payments ltslalling £45,00012019.. £12,000). There were no employees whose annual remuneration was £60,000 or more. 12 Tangible fixed assets Land and Fixtures, buildings fittings & equlpment Totsl Cost At 1 Seplember 2019 Addition5 475,IX)O 301,507 8,190 776,507 8,190 At 31 August 2020 475,1100 309.697 784,697 Depre¢latlon At 1 September 2019 Depreciation charged in the year 57,000 9,500 270,242 8,307 327.242 17,807 At 31 August 2020 66,500 278,549 345,049 Carrylng amount Al 31 August 2020 408.500 31,148 439,648 Al 31 August 2019 418.000 31,266 449.266 The assets are all usèd for direct charitable purpos8s. 24-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 13 Fixed asset Investments other Investments Cost Al 1 September 2018 and 31 August 2019 Carrying amount Al 31 August 2020 A131 Augus12019 2020 2019 Other investments comprise.. Notes Invgslmellls in subsidiaries 14 14 Subsidiaries Details of the ch8rity's subsidiaries al 31 August 2020 are as follows-. Name of undortaking and country of In¢orporation or residency Nature of busine5$ Class of Yo Held shareholding Dlr&ct Sndirect Frontline Trading (UK) Limited England and Dormant Vvalos Ordinary 100.00 The aggregate capital and reserves for the year ol subsidiaries excluded from consolidation was as follows.. Name of undertaking Capital and Rasarves Frontline Trading (UK) Limited 15 Debtors 2020 2019 Amounts falling due within one year: Olher debtors 21.725 17,084 25-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2020 16 Financial Instruments 2020 2019 Carrying amount of financial assets Debt inslrumenls measured al cost Equity instruments measured al cosl 121,874 42,025 Carrylng amount of flnanclal liabilities Measured al cost 58,471 6,577 17 Craditors.. amounts falllng due within one year 2020 2019 Other creditors Accruals 28,985 4,500 2,078 4,499 33,485 6.577 18 Creditors.. amounts falllng dua after more than one year 2020 2019 Other creditors 25.000 19 R8tirement benefit schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an indep8ndenlly adminislerad fund. The charge lo the slalernent of financial activities in respect of defined contribution schemes was £13,834 12019 £18,2511 26-
(N ry) 3z
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 22 Analysis of net assets between funds Unrestrlcted Restricted funds funds 2020 2020 Total Unreslricled funds 2019 Reslricled lunds 2019 Total 2020 2019 Fund balances at 31 August 2020 are represented by.. Tangible ass8ls Investments Current asselsl 439,648 439,648 449,266 449,266 100,685 125,0001 9,377 110,062 {25,0001 48,518 3.725 52.243 Long term liabilities 515,33S 9,377 524.712 497,786 3.725 501.511 23 Operating lease commitments Al the reporting end dale the charity had oulslanding ¢ommitmen15 for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2020 2019 Within one year Between bNo and five year5 1,885 1,885 1.885 3,770 3,770 5,655 24 Cash ggnerated from operations 2020 2019 Met expendlture for the r9POrtlng perlod (as por tha statém8nt of flnanGlal aclivitles) 23,201 17461 Adjuslrnenls for.. Investment income recognised in the statement of financial activities D8preclalion of tangible fixed assets 11071 17,807 1841 17,316 Movements in working capital.. Ilncreaseydecrease in debtors IncTeasglldecreasel in crèditors 14,6411 51,908 1,037 11.5501 Net cash provlded by operating activltlas 88,168 15,973 30-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2020 25 Related party transactions Remuneratlon of key management personnel The remuneration of key mallagernenl personnel is as follows. 2020 2019 Aggrggale rernuneration 104.725 123,924 Transactlons wlth related partles During the year th8 company entered into the lollowing Iransaclions with related partios.. Jennifer Marlner was a Irusle8 for part of the year and her husband Jack Mariner was employed by the charity dLJring the year. Jennifer Mariner retired as trustee in November 2019. John Harding is a Iruslee and was also employed by the charity during the year. He is also a Iruslee ol Moreton Community Cenlre. The governing document perrnils Iruslees lo re1ve grants and remuneration, provided such trustees are not in the majority. Any such remuneration level is sel by the board, excluding those members with a conflict of inler&sl. John Gibson was employed by the charity during the year as the CEO. He is a director of Imagine 11 Trust. Imagina If Trust is an independ8nl charitable Company. During the year Frontline Trust has assisted Imaginè If Trust by providing grants Isee note 81- Imagine If Trust are also recharged sundry expenses. ToKlelh Tabernacle is a local church in Liverpool and their key management is part funded by Frontline Trust. The Trust does not chargè Toxtelh Tabernacle the full cost. During the year. Fronllino Trust r&ceived £3,000 in respecl of the key management and other setvices. Trustees donated £43,652 to the charity in Ihe year. rhere were no other related party transactions in Ihe year. 26 Company limitad by guarantea The Frontline Trust is incorporated under the Companies Act as a company limited by guarantee. The liability of the members is lirniled lo £10. 27 Events after the reporting date Since the reporting dale there has been a second and now third national lockdown inilialed lo stem the spread of the coronavirus pande1¢. The organisalion has already pul in place measures lo miligale the potential financial impacl of these lockdowns on Ihe wider economy and subsequently the impact on our donors. Having r8viewed these Tneasures we believe they continue lo be the best approach at this lime. This situation will continue lo ba monilorad ovér the coming months. 31
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