Charity Registration No. 1109814 Cornpany Reglstratfion No. 05442834 (England and Wal•sl FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Miss M Cole Dr J Evans Ichair) MrA C Gillies Mr J Harding Mr T thyafulir Mr B Raven5 Mrs R Wakjron Mrs H Watson (Apwnted 7 May 20211 {Appoinled 22 January 20211 Ch•rlty numb•r 1109814 Company nurnb•r 05442834 Prfnclpal •ddm• Fronline Centr• 147 Lawrnn¢¢ Rt)ad Liverpool L15 3HA Indondant •xamln•r Mr P H Taaffe FCA CTA DCI BWM Suite 5.1 12 Tilhetyam Str*•t •rpo01 L2 2DT Bank•r8 CAF Bank PO Box 289 Wesl mhn9 Kent ME194TA Kingdom Bank 'MIted Ruddington Fields 8usiness Park Mere Way Ruddington Nothngham NG116JS
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE CONTENTS Pa9• Trusiees, report Statement of trust••$' responsibil.1 io Ind&p•nd•nt trxaminerf5 Port Stsl•menl of frnancial acbwties 12.13 Balance gheet 14- 15 Statement of cash flt>WS 16 Nol¢$ to the ?OuntS 17-30
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 AUGUST 2021 The trustees psent their report and financial 5tatemenb lor the year ended 31 August 2021. The financial statements have been prepared in acCdanCe with the accounting policies set out in note 1 to the finanoal statements and cornply the charrty's memorandurn and artsdes of assoeiatitsn, the Companies Act 2006 and 'Accounling and Reporting by Charities. Statement of Recommended Practs'ce applicable to charities preparing their accounts in accordance wth the Finanoal Reports'ng Standard applicable in the UK and RepubliG of Ifeland IFRa 1021" las atnended for acGounting periodts comTllencing from 1 January 20161. Frontline Trust 13 a wislered chanty onginally consbtuted under a Declaratson of Trust dated 9 June 1992. In May 2005 Fron1n frust wa¥ in¢orporated 05 0 Pnvate Company Limit by Guarant•e. %b41ich 1$ al$0 a Registered Charty. Th• n•w company took ov•r all assets, habilits.es and acbMtie$ of the fornw Trust on 1 Seplembei 2005. An Introductlon to Front11 Church: Our vision statement is 'transformed by grace,. This ¥is•)n speaks of our de%re to be a transfonning infvence throughout the Liverpool Cty Region ar also highlights that this fransfonnation can only be athieved by God's grace - by offenng the lrfe trangfwming pokntr of • relatsOn$hip wlh Jsu$ lo the peopl around u$. Wilhin this visitsn 1$ the re¢ognitron thai eath person Ihai %4e met is an Individual. made In th In¥g¢ ol God, wth their own life ioumey. We beliève that th• good about Jesus represents good news lof all accoraingly. our prionry Is 10 weicorTre. accept ana offer $uppofl io people %ffierever we can, Irrespective or ra¢, gend•r. sexual orieniatitsn. religiou$ ba¢kgrourtd or oth&r Irrel¥ant factors. W a$piro lo God's standards ol purity and holiness and teach these accordingly. vthilst also recognising that no one is perfect an¢J Jesus died that our sins might be forgiven. Frontlin• Church was founded In 1992 by th• mer9in9 01 Nvo small congregations. Since then il has grown from about 60 members into a community ol around 850 men. wornen and children. 1¢ is a church wth a big heart and big wsion. The pnmary adminisiraiion base is l¢xated at Fronlline Centre. 147 Lawrence Road, Wavertree. Liverpool, L1S 3HA. in what wa3 prewousty a Territorial Amry barrad(s and a Poyl Office engineering ¢ntr•. Thi8 ha$ been Frtsnlline'$ base 'n¢e 1996 and the fa¢ilitie$ hav• $Ned us w•ll over th• years. It has 8y$ been our de$Tre to have a Iransfoming inftuen¢e in the whole of the Liverp¢ol City Region and. in direct response to this vision. we have been developing a strategy of planting new churches in areas where we are worklng. The fir¥i of IhE5e nEW Ghurch piani¥ wa$ 14un¢hed in SepiemtsEi 2017 ine Wirral, Qlher ¢hurch plants have b•en launched In othèr areas ol Liverpool and dunn9 the recent Covid 19 pandemic we Launched an online church plant called 'CROWD'. As well as a Sunday gathering, these new churches wll be built on smaller 9roup5 looking for opportunities to connect with and Serve the local community they are part of. In addrtion to 9eographically fo¢u55ed church plants. al txploring dèmographi¢ ones lor tho$t lor whom En9lish Is not their first langua9e. We curren¢ty have an establshed Polish church plant and *e developing one for Farsi speakers. Overall the a currenlty five such church plants operating in this way. As well as focusing on o¢Jr own localits'es. work Mth other churches and agencies auoss LiveTP(ol and beyond. Our longing is lo be a transformir@ ¢¢xnmunity wilhin our own re9ion and a model of what be achieved In otrer parts of the UK and overseas. Obl•¢tlv•s and actlYltl•s: The objects of Frontline Trust are.. To advance the Christian Faith To relieve povety, hardship. sickness and di51Tess Tts advance education and promote leaming and training To provide and maintain faalrties for the benefit of the community The trustees confirm that they have referred to the guidance contained In the Chanty Commission's general guidance on public benefit when reviewng the chanty s aim5 and obiethves and In planning future actsvitie5.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 AUGUST 2021 Objectives reflethng the stated airns above are translated into our cor• activitiès, as ouuined below. To advance thg Christian falth Our m15510n is lo build a vibrant chuich of wholehearted Christ followers vkno are committed to unlimited growth and influence. We have a congregation ol around 850 adults and children within the church conUnIty who share this vision and purpose. Fronuine has a deeprooted mentoring ethos and we are committed lo emptswenng our members to reach their lull potenth.al and to demonstrate their Christian values in everyday Through a wide range of actrwtses. IndLwJin9 Chnstsan outreach, w¢y5hip. prayer. Holy Spint ministry. t•aching and personal discipleship, see men. vrnen and children being gNn a new sense of their value as human beings who a loved by God. Thir Itves lake on a sense of pvrpose as they are m¢tivattd ¢9 seek and pursue their unique destiny. strewienod and Iransformed through a personal relabonship wth J•su$ and by being part ol a communty of ty•li¢¥er5 share a common farth and viwn. To r•ll•v• pov•rty. hardshlp, •kkno•¥ and dl¥tr• Over rec•nt y•ar$ our primary to fdieve povety. hardship. sth$$ and di$tr•$s hag been to invest heawly in the work of Imagin• If fru51. We conbnue to do this through providjng grant funding. management services and support lacAlities to Imagin If Twst. Imagine If Trust runs a variety of proje¢ts indudirtg. Sticky Fingers Playgroup- a carer and loddler group. Bab-Ftah- ¢¢mbating isolation arnong Muslim women. Love C¢ngo- providing ski115 and resources to the VAr tom D•mo¢roti¢ Republic ol Congo IDRCI. Sticky Fingers Nursery- a day nuery offering pfaces to local childr•n aged 24. G•n•8is Hou$ing- offering ¥upported liwng to those w8f• Fw•viously horneles5. Fo¢d Hub- providin9 low cost food to thos• on a r•strictd budgel. Linking Lives- providing one to one fn"endship and $upport lo okler peOe FaiTiily M4llvi¥ Vlf)viUiiiy Ouypvil tv EuiiiplvA fdi¢iilivs minimlye ihe need for S¢xlal Services Inplll Christrnas Meal- providing a meal for arou¢ 250 hom•less or isolated people on Chnstmas day In addition to the support we provi(le to lrnagine If Tnjst. wè are also developin9 ¢hur¢h programmes Ihat make a conlribution towards meeting this obiéctivt. An txarnpk of this *ruld be 'Fover Young, bvhieh is a weekly group combaling isolabon among older peopl•. To advanc• èducation and promote learning and training Lifelong learning is an impli£it part of the Fronlline ethos. and this is fleCted in the mentoring Systern within the church and through our Sunday teaching5. whKh are relevant to people's daily lives. In addition, several of the projects run by Imagine If Trust pronJ)te teaming or deliver trainin9 programmes.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUEDI(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2021 To provide and maintaln faclllti•s for th• benefit of the community Since purchasing our current building. we have 3y5 50vghl to ublise the facilities in furtherance of our objectives and for the benefft of the communty. Around 500 people ¥isit our Wavertree facility for a service each Sunday. In addition over 300 rerS and children use the building during the week through the Sticky Fingers project, whilst the FoodHub se55i0ns. held tsce a ek. see around 70 people find Ie$hIP and cornmunrty vthilst choosing their shopping. We also provide facilities for community trasning courses and make ts¢1litie5 available to other agencies and ¢ommunty gioup$. su¢h as providing rooms for a local chanty leaching English to ytsun9 Students Other community acts"vibes Ihat are hosted in the Fronlhne C•ntr• indudtr mu51G le55ons and rehearsal8. food itorage. birthday parb&s, pronth.ng fosteitng and adc91. and famity frjn day$. Our pattr•r•". We woutd lik8 to offer our thanks to ¥ll the organisatsons and individuals vtho ha¥e supported us n our work this year, including all of our chur¢h memtyers. vdunteer3, donors and sponsors. Everything Frondin ha$ achieved this year has been reliant on your valuabb ¢ontnbub"cms. in al their various fomis. Thank youl Cofon#vlru$'. The Impact of coronavfrus on our x)rk has been Challenng both on the semees we provide and on the staff that work for us. 11 Is clear that the Impath ol this pandèmic wll Continue some considerable way Into the fvlure and as $u¢h in boih 9overnance and operation have attempted to do what w ¢an io n$ure the lon9-term health of the organisation. Ov•r811 w• ¢Ji$¢¢vered that though our structures had to chan91 cwr Val$ ¢Jidn'l. F¢xu$'ng on our value enabled Ijs to continue to fulfil our wsion and obieclives even if we adapting to a changin9 ldp. A lesson that wll stand us in good stead fv whatevèr lies ahead. During the last year we have, like everyon• els•. had $ea$on3 vthen we he had to cancel all public seice9 and m¢vè exClusVely to providing online connectsons. At other times wt have been able lo meet wlh very reslricled numbers and •nsunng sla1 d15tancing. The members ol the church have responded well lo Ihe$e changes and we have leamt some things which we will use going forwar(J - such as daily bible devotions. prayer limes and mentoring over zoom. We have also Incr•astd our te¢hni¢al pa.1e$ lo be able kj stream ser¥iees and this is somèthing we wll continue lo do in the future.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUEDIIINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2021 Achievements and perfornianc• Despite the Covid 19 pandemic. we have continued to press forvAcd %wth our objectives of both promotyng the Chn5tian Faith and workin9 to invesl in the weware of the city & wion. to develop cornmunity, relieve poverty an¢Y help In times of distress. Wnile rnuth of the last year has been focussed on responding lo the thanging landscape created by Covid 19 re$tnction$. we have continued to develop and Imement our strategy for antIng rnultyple new churches across the Liverpool City Re9ion and further afield. As as locatn ba$ed ¢hur¢h plant5 In th? Wrral. Toxteth and Greece, a now explonng demograph ones~ Inalty for thos• for 0M English Is not their first language. During th• laBt y•ai w• havo also launched an onlin• churth ¢)alknd 'cRO. hth8 ben a 9r•at re$ponse lo th r$tr¢tion$ cau5e(I by the coronaw'rus pandem As the year drew to a dos• were abl• to mtel agaln in the Wav•rtrne buildin9 3nd this has Pro1ded an opportunity for peopk to meet othefs, vnrship tOgeth•r, and provide t•aching and encoura9emtnl enabling people IG grow and develop in their thinking and understanding of the chnskn.an faith. Addibonally the $tr¥i¢&¥ are an opportunity for those vtho a devdoping new skills to be trained and mentored in areas such ai t•am l•ad•rnhip. pr•ehin9. wvr¥hip1•4ding, •t¢. Throughout the year the church has Continued to develop our Missional Comrnunrties and we now have 24 separate mid-week groups th over 350 0p1 parti¢ipatsng In them. Ths• diver$e groups ar• organistd by geography, life $lage or particular Interests and run a ¥anety of acbvth.es In the local community, as well as supp¢rting people In their faith. In line with our object of advancin9 the Christian faith. Ih•se community groups •ncourag• memb•r$ lo look for ways lo communicate their lailh t¢ olhers. both In their daily lives and also vthen the groups meet. Liv&rpool h¥$ 8 lar9e student population and Fronlline Church has a long history of seeking to comecl wth and serve those coming to ¢ily t9 sludy. Many of the key churth leaders today were Ihernselves frst ntroduced lo Frontline when they came to Liverpool as students. Supportsng Ih•se $ludents through the ¢hallenges of the coronavirus pandemic has been a priority for our student team aThJ much effort was put into •taying eonn•cl•d dospit• many b•ing Unab to 5Lti•nd th•ir courg•3 in pgr$9n. W• have continued to deveknp our partnership wth Kairos Connexions (Kxl. This is a netsvork of ctturches in the UK and further afield who carry similar core vision and values and are looking lo develop Missional Communities as a central aspect of their strategy for growth. believe the wider connectson with Kx churches brings 51ren9lh to Frontline. parbculady through the opportunity to participate in learning communities. share best practice and accèss $¢1¢ lea¢hers. a$ 11 ¥$ offering the opportunity for us to support and encourage other churches In the UK. Our Christian ethos IS the motivation for investing into and SUppo.g people regardless ol lIgIOn, gender, sexual orientatyon or race. Our objects speak ol our pnonty to see the transfomation ol people and places by the practical impact ol our Chnstian faith. In piir41sit nf Ihi4 in ?n1 ? wg. qijpyjrtpil thp p.glAhliqhmp.nt nf A ngw indgppnAent chanty. Imaginp If TnJ8t. to art s an umbrella organisalion for the development of social transfomiation projects. Imagine 11 Tiust has a separate board of trLJStees and is tree to develop in pursuit of rts own prionties. Fronuine. however. continues to be a major supporter. During the year ended 31st Augusl 2021 Fronltine Tru51 made grants of £39,084 to lrnagine 11 Trust 12020." £43.3501 and supported over 75 church members to give their skills and lime by volunteering lor Imagine If Tru31 projects.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 AUGUST 2021 As well as supporting Imagine If Trust projects. Fronuine Is developing other Inrtiatives that meet the objective of seeing transformation in the people and place5 around us. Our 'Forever Young. inrtialive, provides opportunitie5 for fn'endship and support to the ol¢Jer members of the community. Meeting weekly. these ses510ns provide Social interaction. fun. support and a sense of belonging lo the members ol the group. This initiative is now well established wth a growng reputabon in the local communrty. It has a dedicaed learn who serve an Increasing number of older members ol our communty. Over the last nine years we have partnered Imayine If Trust to h95t a Chn5tmas lunch for those who are homeless or 15dated. Through a team ol ovw 30 amazing volunteers we We still able to host a 5rnall evenl in 2020 due to th Covid 19 re51nctyon3 in place. Around SO people came to the building for a socially distanced celebration. In addrtion we ttsjk meals out to those who Couldn't be provided for in the buikling and we also had 'Christrnas Angels. Yunter$ to bought and deli¥r•d all the food $upplie5 for a great Christmas durir4J the week before. Al together ab provide around 250 people th a Chnstmas meal and some Chnstma$ 9ood eh••r. Our thankg to th• volunt•ws and varirJu¥ rkn•T$ for th• •nomwJs generosty that enaed this event to happen. Part of our Cofe valu•s IS to sam• tr•nknabon in olher n¥tyons that we afe working towards in Liverpool. Most obviousty this expresses itself In u8 sending people and giving financially to invest in various situations around the wortd. Over the last y•ar. du• to COfonawru$. hav had Very 11mrted oPPQrtunrtie$ for thn4p nvpr4P34 tn rornp back and ¥i%it Fronttine. That 8aid have continued to tupport th•rn uthlising digital technology and It has bèen lantastsc to have some of thern ¢onlnbu¢e to our online content de3Plte teing thousand5 of mile5 away an opportunrty we Mrjuld not have Oth$ had. As well a$ ncouragin9 our ¢vèrseas workers, this profile also encourages the church lo support them and even consider spending some time overseas themselves. During th year nded 31$t August 2021. supported 24 peOe vkno are working in seven dffterlnl countries 12020.. 24 people working in sèvèn eountrie51 .While each oversea$ woexer ha5 different opportuni1103, trey all look lo bring transfomiation lo the people and places wth whom and In which they ar& living. Some do this primanly throu9h en9agin9 wlh Ihose in ¢he 4w)rkplace aniy others are more publicly h05ting meetings and planting churches. We count rt as a privile98 to hav• connèctyon wth men and rne wtto want lo inv•$t their live$ in thi5 Way. The best way lo leel part of a largè thiirrth is lo oftl invnfvpd Ihmiioh vnliJntprino Al FmnNin• w. AAk lej nffr relevant and fulfilling opportunities to our m•Mr$ to volunteer in pursuit of our vision to see our city 'Iransformed by 9race'. During the year over 250 members of Fronlline Voluntéè in over 400 differtnt role5 (broadly the same as in the previous yearl. These include lea¢ing Missional Communities. stewarding In servi¢ts, ass151ing with Kids Zone. providing hospitality. and many. many mo. Through these practical acts of semce FronUin• m•mb•rs get to contnbute their gilts and also get Ihe benefits of playing thei¥ part in a team. During the year the Board of Trustees have sought to ènsurè that thèrt is representation from and growing onneclion with Ihe different areas of the Frontline family. Additsonally, we have one trustee from ou151de the local church vtho brin9s a specific skill. experience and perspect¢ve to the board.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 AUGUST 2021 Financial revrew Overall the picture is one of Ihe organisation perfomiing well dèspitè tht pandèmic. That said. the Trustees are very mindful that the potential financial Impact could be felt over the next 5-10 years as the economy recovers. Virtually all of our Income Is based on personal donations from our members. As such we are very COll5CiOUS that for many the economK picture looking ahead 15 very uncertain. As their personal Income fluctuates. it would be rèasonable lo anbupale that the Income to the trust will similarfy fluctuate. In the immediate anij short term. the trust finances have perfomied well. Wth the various lockdowns m•aning we had lower costs due to not providing servi5. we 31s0 placed a number of staff on furfough, as Ihere was no work for thern to do. All staff retumed to L)rk by March 2021. Th15 resulted In u5 receiving income from the government's Coronavirus Job Retenbon Scheme. These lactors. increased in¢ome and reduced expenditu, have Meant that our finana31 performance in 2020r21 was not impai. Having saKI this, th• Trustees have taken a prent approach to ihe finanual fiJtur•. ¢rea'ng • dejignateil nd frgm th¢ >urp1• lo protect a9ainst a reduGtion in inGOrn¢ as Ihe Gorgn•viru> Pane1)lIC Goi)lii)ues ai)d govemm•nt support ends Addity"onally they have prepared a Cau1$ W9•t fof 2021r22. ensuring they can continue to delivef on th• obj•th"¥es olthe charty in the year ahead. Our ¢ore In¢ome, which largely dwives Irom Indiwdual donatson$. has fallert slighyy over the year to £621.410 12020" Z890.7891. We have 9eneralty rnanaged to keep sp•ndin9 wthin tyud9&tary "M11¥. resulting in a surplug for the yeaf of £34.39712020." Su1¥ of £23.2011 Looking ahead Into 2022 th¢ tru>lees Gontinue ¢0 be coi)fid¥rll Uiai tti¢ Ulyd(Il&dlivii i¥ fiii411¥i4lly iuUu¥l enough to be a going concem for th• xI 12 month5 and Ihat wll maintain our ability to financ8 hi9h quality activities and services vthich wll enat48 US to achiv• our pn"rnary objecbve5. Invgs¢m•nt pollcy.. There are no restrictions on the inv•stmenl powers of the Irustees. Our liquid funds are currently h•ld In ¥au5 bank savings accounts. Resrves pollcy.. Our reserve$ policy reflects oui dèsir• lo maini¥in a liquid reserye to draw on in the event of any reduebon in ¢ur donated income stream, to prowde a measure of prolecbon to our ability to deliver our core obJ've$. We continu• lo aim lo have • fund of free and liquid reserves equivalènt to at least £30.000. The Tru$i'$ balance sheet is strong and well finaneed. bul buSe th majonty cf funds a either restricted or ue$ignaiea or tieu up In nxe(J assèts. rnanaging ine aay-io-aay casn flow can De more cnaiien9ing. Opèrational lfreel reserves at the yearond stand al £63.75412020. £46.0761 and are above our target for free reserves. Dg$19na¢?d funds: Frorn time lo lime, we decide to asidt eertain funds lo allow lor the development of a new project or to facilitate our desire to support external agenaes or indiwduals, vtheiher in the UK or abroad. whose work contributes to our overarching purposes. Current funds include our Coronavirus Furhd vthich represents fijnds set aside from last yèar's $urplus lo protect the organisation from the poten*al downtum in income over the comin9 years due lo the longpi term economic Impact of the coronavirus pandemic. cOUe %wth an anticipated reduGtion in governrnent Support.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUED){INCLUOING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2021 Rlsk pollcy The Iruslees have idenffied Ihe fg11¢)wing main risks to our organisation and r•sponses to these risks are outlined below. A Health and Safety policy has been written and signed by the chair of the board of trustees. Wtsr has bèen ¢arriod out on risk 36EBB£mentB in¢ludin9 an )sSesMent of firc Afcty and atsbcstots. A 3taff m¢mb¢r 8nd a trustee have been 14Jentified as having specific re$ponsibilityes for hearth and safety. Health ar5d Safety induction and training 15 provided for all staff and volunteef5 a5 appropriate. One of our potent'al risks is adverse publicrty In an increasir@ty segjlar society that can be crth.cal of Christian values. Sinc• are an independent organisab"on. our membèrship of the Evangdical Whance and Together lor lh• Harv•$t. both organis#bonE fo¢u48•d on th• d•volopm6nt of ¢hureh co Wofking. alon9 Wth clo¥¢ rlationships with churches of vafiOJS denominab"¢ns am ¢ontnbute to tjuilding our credibility. Our pre$n¢e IA th8 community also minsrntses this risk as VrJrk tan9ibty and vi$ityly to Mrv• the cornmunty's needs A Child Protection and Vuln•rabl• Adults Policy is in aCe. The Trustees tsk• very sefiously their re$pon51bilty to protect and safeguard Ihe w¥¥re 91 thildren. young peop and vulnerable adults entrusted to Fronttirt•'s ear•. All 513ff 4nd voluntMr8 lrtol jvst thos• hav• a¢c•s4 to ¢hildr•n. young poopl• and vulnerable adults) are bnefed on thetr SPonSibl11t1e$ anil a made lully awar• ol th ¢ryani$ation'$ child prote¢lion and vulnerable adult's pdicy and proc•durns. Any of our stall and volunteers Involved In aclivitias wttere they may have eontact wth Childn. young people or vulnèrable adufts are reqUId to undergo DBS checks. A Safeguarding Team has bèen appointed and meets regularfy to ensure that the poli¢y is beiry implemented and to ensure Ihat the policy ¢•mains both effective and up to date. Guidelines are is$ued lo au 5¢aff on woper cash handling pro¢eaui•$ and ar¥ updated al least once a year. Instructions are issued lo avoid makiry purchases in cash unless it Is unavoidablt. In¢ernal departn%ntal pro¢edurey have been standafdised. Departmental re¢ord5 and central accounts are monitored regularfy. The trustees have revi•wed and updated the policAes in relation to bribery an¢J money l•undering and have provided Ihese to all staff along trainin9 ift identsfying potential areas of risk and how to managt these. The trustees have assessed 11)e financial risk ol 3 downlum in the economy resuhin9 in ¥ rediDn in donatsons and have put in place a designated fund. th• Coronawrus Fund. to mitigate the Impact of this. The trustees have updated polici•s tn line wilh GDPR legislation and during the year providtd all staff wth training in relation to their SPOnSibl1e$ regarding the rnanagement and use ol personal data. We receive regular guidance on financial risks from our accountant. the Charity Commission. HMRC and various third sector agencies. This keeps us up to date wlh newer areas of risk. Our accountant also advises us ol any speofic areas of weakness Ihat may be identified durin9 the annual Independent exarninats'on, so that we can lake immediate steps to coirèct or protect against them.
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 AUGUST 2021 Fulurg aims: The various leadership teams have continued lo focus on our CO vision and val¢Jes. The year ahead will sèè us eontinue lo seek to delVer on our objectives regardles5 of the thallen9es that ltse ahead. We wll look to maximise on the opportunity to express our values in new ways and will continue to communicate the distinctive of the church wlh growing confidence and danty. This will build well on previous work done in this area and will continue to enab us to work out our key objectives. These are.. "Transformed by grace." Our 4 core ¥•9.. -Authenti¢ Devotion . Extended Famity Confidnl Wtnes¥ Kingdom lrnpact These valu¢s In¢t•a$ingty shape the deu'sions we make and yntJery"n how V oUtsrk tsur objectives. The main strueturè$ we h•ve Klentified for achieving our vision and •xpr•8sing our values #rtr.. Mig$ional Comrnunrties Church Plant5 1 Missional Hubs19athenn9$ of Mi$$ion•l Communibe3 UP to about 100 peopl81 Sunday $ervi¢e$ Oulrea¢h projects S¢ru¢tu, governance and manag•m•nt The Trustee Team engages wlh, and delegates to. a Wder Le•dtship Team to irnplernent the direction and vision of th• charity. In addition to Ihe Trustee Team. Ihe d•r Leadèrship Tearn includes three other groups. Th? Fx?r.iJliv• T?xm IFTI i* a orniJr> nf 4 Ipadprq ¥Jhn nin the chiirr.h on a day lo day basis Th• Sonior Leadership Team ISLTI is rnade up ol ET plus S olher leaders. vtho help set the overall direction and priorities of the church. The Advisory Tearn comprises a group of key adwsors to the Sonior Pastor and who contribute lo the wider vision of wttat we are doing and where we are going. The Trustee Team oversee the legal and financial re5ponsibilityes of the Trust, and have the ov8fall 1o9al re$ponsibilty lor the charty. All four groups meet regularly, both separately and together. The trus¢ees, who are also the direetor¥ for the purpose of ¢ompany law, ond who served during the year and up to the date of Signatu of Ihe financial statements wer8". Miss M Ctsl¢ Dr J Evan5 (Chairl MrA C Gillies Mr J Harding Mr T Mwafulirw¥ Mr B Ravens Mrs R Waldron Mrs H Watson {Appointed 7 May 2021) IAppointed 22 January 2021)
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 AUGUST 2021 John Harding (Senior Pastor), John Gibson (CEO I SeNi¢es Pastor). Jack Ma¢iner (Missional Comrnunity'es Pastor), Hebe Ambler IET member and Children & Famils Pastor) The Executive Team plus Sue Uddin (Pastoral ca). Jame5 Sloan Icommunty Projects). Anna Evans Iprophelicl. Chri$ K•nt (Youth and Mi£#ion$ Pa$lorl. J•nni• Taylor IlntO9ratson 1•3dl. ddy 8askerville. T¢)m Ba$ker¥ille. Uatt Edmund50n, Al Marshal. Dav• ShaW$. John Sban. Myra Sloan. The r•munrabon of the key management wrs0nfi 1$ r¢w•wed each year by the Chair and Financ• trustees. Any reeommendation5 for adjuslment a IndLhYe¢l In the annual budgets and a5 5uth approved by tho frill board of trustees. Th• tru#t dats not ug• 4ny •xtwn4 p¥y ¥¢al•8 in dldIng th• r•mun•ratson olth• key mana9emenl personnel. Mothod of appolntrn•nt oftrl•. Vacancies are filled from applicants fesponding to •rther opeft advertisements to the church congr•gab"on or to personal Invitaiions proffered to individuals with Patlar skills matching current needs. Applicants receive a cornprehensive Information pack induding the nK)st fnt annual rtports and standard Charity Commis&on Publicaiions and documents on tho Goveman¢ respon5ibilJties of truslees. Appointments follow an interview wth th• Chair ond at least one other board memb•r. No other person or body is involved and no individual has the pwr of apptsinlment. Inductlon and traonlng of n•w tru•t••s: Relevant training and indu¢tign 15 offered to new trustees in lino th thw'r &xp•ri•nce and knedge of the working5 of Frontline Trust and tha bwdèr responsibililies of a trustee. New trustees ar• 9¢nerally invited lo attend one or board meetings as an'obseTher' prior io a final dslOn to appoint. Small company provlslons This report has been prepared in accordance th the spe1 provis$ relating to small companies wthin pan 15 or th¥ Companies ACI 20(. On behalf of the board of truste$ Dr J Evans (Chairl Trustee Dated." 28 January 2022
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2021 The trustees, who are a150 the directors of Fronuine Trust for the purpose of company law. are spOnsible for preparing the Trustees. Report and the financial 51atements in accordance wth applicable law and United Kingdom A¢¢gunting Standards Iunited Kingdom Geneialty Accepted Arxounb"ng Practice). Company Law requires the Injstees to prepare financial statements for each financial year which give a true and fair view of Ihe state ol affairs ol the Charity and of the incoming resources and application of resources. including the irteom• and gxp•nditur•, 01 lh• ¢haritabl• MPanY for that y•ar. In prepann9 these financkal statements. the trustees are r•wir•d to." . $ele¢t Suitable accountin9 poliu•s and th•n ¥pY Ihem ¢rmsistenty', - obseTha th• m•thod$ and principles in Ihe Chanties SORP.. - mak• ludgrrnnls and estimates that are r•asonabl• and pnthnt", State %thether applicable a¢¢ounb"ng standards have been Idk)d. subi'8¢t to any malenal departur•8 disclosed and explained in the finartial ststeThnts'. and prepara th& finan¢ial staternents on th• going conc•m ba$1$ unl•$s rt 1$ inappropriate to presun that the charity wll conbnue in operation. The trust6es are re$pon5ible lor keew'ng adequate accounling records that disclose with reasonable accuracy al any lime the financial position tsf the thanty and enable them to ensure that the finanoal statements cornply wth the Companies Act 2006. They arè also r•spon5ible for safeguarding the assets ol the chanty and hen¢e lor taking reasonable $leps for the prevents'on and detection ol fraud and othr irregularity'es. 10-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRONTLINE TRUST I report lo the charity trustees on my exanwnab'on ofthe accounts of Fronlltne Twst for the year ended 31 Augu512021. This report is made solely to the chanty'5 trustees. as a body. in aCcrdate wth Secthon 145 01 the Charities Act 2011. My examination has been undertaken 50 that l rnwjht state 19 the chanty'5 trustees those marters I am required lo state to them in an Independent Examiners report and for no other purpose. To the fullest extent perrnilted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's trustee$ as a body. for my examinalton for this report. of for the OFxnions I have fomied. Responsibiliti9$ and ba1$ of r•port A5 the charity s Iruslees of Frontline Twst land also its diredorg for the purposes of company lawl you are responsible for the pparatl ofthe acci)unts in accord vthth Ihe wuirements ofthe Companies Act 20061'lhe 2006 Act'i. Having satisfied mysew that the a¢counl$ of the charity are not required to be audited under Part 16 of the 2006 Act and ar• eliolblp for indppp.nrfpnl p.Yaminalitin I r•rort in r•spèd ol my ex3rnin¥tion of your charity, accounts as Carried out under seCtn 145 01 the Charities A¢t 20111'the 2011 Act'l. In carrying out my eKaminati¢n I h•ve followed the Directions 9i¥en by the ¢h•nty Cornmi5¥0n under seGtion 14olJl Ibl of the 2011 Act. Ind•p•nd•nt •xmln•r'• •tt•mgrtt Sin¢e the Chanty'5 gross incorne exceeded £250,000 your exarniner rnJst be a member ol a body listed in $eaion 14¥ Ot LU11 Aci. I confirm that l am qualihea 10 undertake the exarninalion because l am a member Of the Institute ol Chartered Aountartts in Erland and Wales. thich is one of the lssled bodies. I Iitsve LVITiyleleU Iriy ¥X41r7ilriilllun. I rAn conftrm no matters nave come TO my attenuon In connection wh the 8xarninalion gmng me cause to believe.. aee¢Untihg re¢ord¥ were not kept in respect of th Ch•rity 0> iequired by 5eGtion 38C of the 20tXS A¢l', or the accounts do not acrd wth Iho$e ¢8.. or the accounts do not tornpty vthh lh• accounting r•quir•m•nts of È•etion JQ8 of tho 2006 Act olhor than any requirement thai the accounts give a'tru and lair view which is not a matter considered as part of ¢11 iiidepviidviil ¥AdtiiiiidliL¥i, VI the accounts have not beeft prepared in accordance vAlh Ihe mthod8 and prin¢iDles of the Statement ol Recommended Practyce lor accounting and reporting by charities applicable lo ehantis pr*paring th?Ir a¢¢ounls In aecordane• wilh Ihg Fin¥n¢i¥l RgPQrtin9 Standard applicabla in the UK and Republic of Ireland IFRS 1021. I have no eoncems and have comè across no othèr matters in rnnech0n %%ilh Ihp. pxaminatinn lth allenlion should be drawn in thi$ report in order lo enable a proper understanding of the a¢counl$ to be reached. P•t8r Taaff• FCA CTA DChA vw Chartered Ac¢ouniant5 Suite 5.1 11 Tithebam Street verpool L2 2DT Dated.. 2210212022
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021 Current financial yoar Unr•sthct•d R•stricted funds fvnds 2021 2021 Total Total 2021 2020 Donations and legaa•s Chantable actIveS Investment$ Other in¢om• 675.473 3.098 14 1.942 616,356 3.098 14 1.942 671.313 17.841 107 1,S28 Total In¢om• 620,527 883 621.410 690,789 Charitable activitie$ 579,113 7.900 587.013 867.588 Total •xp•ndltur• 579.113 7.900 587013 667.588 N•t Incom•ll•xp•nd1r•Tr for th• y•rl Ngt mov•m•nt In lund 41.414 (1.0171 34,397 23,201 Reconclllatlon ol fvndl Fund balance• at 1 September 2020 515.335 9.377 524.712 501,511 Fund balance8 at 31 August 2021 556.749 2.380 SS9.109 524.712 The statement of finantsal a¢bvitie$ indudes all gains and losses feco9nisad in the year. All incorne and expendrture deriv from ¢onlinuing activities. The movem•nt In fund$ detailed above complies wth the fequirem*nl$ for a Statement of changes in equity under FRSI02. The statement ol frnancial a¢ts'vilies also complies wrth the requif•ments for an inrne and expenditure account und•r th• C¢rnpanie¥ Act 2006. 12
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES ICONTINUEDI INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGusf 2021 Prior financial year Unrestrict•d Restrictod funds funds 2020 2020 Total 2020 Donations and legaues Charitable aetivities Investments Other in¢ome 662.021 17.841 107 1.s28 9,292 671.313 17.841 107 1,528 Total In¢¢)m• 681.497 9.292 690.789 Charitable activitJe$ 663.119 4.469 667,588 Total •xp•ndllur• 663,119 4.469 867,588 Net IncomlnglloutgoSng1 ro$ourc•8 b•for• trnn#f•rn 18,376 4.823 23,201 Gross transfers beh¥een funds 18291 828 N•t Ineom• lor th• y•orl N•t rnovern•nt In fund• 17.S49 S,6S2 23,201 R•Gonclllailon ol funds Fund balances at I Sepimbr 2019 497.786 3,725 S01,511 Fund bolan¢g$ Jt 31 August 2020 515,335 9,377 524.712 The stat*m•N of frn3n¢ial a¢tivitie5 indudes all gains and losses recognised in the year. All income and expendiiure derive from continuing ath"wb"6s. The movement in funds d•tail•d above ¢ompli¥$ wilh Ihe Wu1mentS lor a staternent ofchanges in equty under FRS102. The $taiemenl of financial activities also complies the requirements for an income and expoftditure a¢¢ounl nder the Companies Act 2006. 13-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS Af31 AUGUST 2021 2021 2020 Note$ Flxed assets Tangible assets Investments 12 13 461.931 439,648 461.933 439.650 Curr•nt •¥$•t• Debtors Cash at bank and in hand 18.855 100.736 21.72S 121.822 119.591 143.S47 Llabllltl•8 Creditors amounts faling due ¥in on• y•ar 17 122.415} 133,4851 N¥1 fyuiiwil d¥¥¥i¥ 97.176 110,002 Total net asuts 559.109 549.712 Crodltors.. amourits lalllng du• oft•r morg thon ong y?ar 125,0001 559.109 S24,712 Tho lunds of tho charlty Restricted funds 20 2,360 9.377 Other designated funds 21 31.062 29,609 Other chantable funds Fund$ r¢pr95ented by fixed assets Free reserves 461.933 63.754 439,650 46,076 G•nèral unrèstrictèd fvnds 525.687 485.726 Totsl unreslricted fvnds 556.749 515.335 Total charity funds 5S9.109 524.712 14-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE BALANCE SHEET (CONTINUED) AS AT31 AUGUST 2021 The company is enlrtled to the exernpts'on from the audit wuirement contained in section 477 of the Compani¢$ Act 2006, lor the year ended 31 August 2021. The Iruslees acknow4e(Ige their responsibil"e$ for ensuring that the charity keeps accounting CordS which comply with section 386 01 the Act and for prepanng finantral statements which give a true and fair view of the State of affairs of the company as al the end ol the financial year and ol Its incoming r•sgurce5 and application ol re5ovi¥es, 11)¥luiliiiy its Illwlllv diid ¥xy¢tii¢Jitui¥. fui Ili¥ fiiidllLldl y¥ill iri iiwidaiibe wui Ilie requiietrieiils Df section$ 394 and 395 and ¥thich othewse comply vthh the iequir•ments of tha Companie5 A¢t 20Cfj relating to financial statements, so far as zpplicat4e to the company. Th• mmbers have not required Ihe coryny lo obtain an audit of its finanual $tstements for th• ytr¥r in question In accordan¢• vMth secty'on 476. These finanrAal Staterr ha been prepared in a¢¢ordan with the prow'sJns apICable lo compani 8ubject io the small companies re9im•. The financ*1 $tstamts were appffJve¢S by ihe Trustees on 28 January 2022 Dr J Evan5 (Chairl Trus¢o• Company R•gl$tratlon No. 05442834 15-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 Cash flovts from 0ratIng activities Nèt eash provided by operating activitles 24 21.OC6 88,188 Investing activiti•s Purchase ol tangible fixed avJ•ts Interest received 142.1061 14 18.1901 108 N•t ¢a•h uud In Invmtlng actlvhl 142,0921 18.0821 N•t Id•cr••s•)Ancr••s• In cash and ¢asth •qU4val•nl¥ 121.0861 80.086 Cash and cash equivalènts at beginning of year 121.822 41.736 Cash and cash •qulvalonts •t •nd of y••r 100.736 121,822
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accountlng pollcl•s Charfty infomiation Frontline Twst Is a private cornpany limited by guarantee incorporated in England and Wales. The registered office is Frontline Cenlre. 147 LaentÈ Road. Liverpool. L1 S 3HA. 1.1 Accountlng con¥•ntlon The accounts have been prepared in accordancè th charity's mernorandum and artycles of a550cialion. the Companies Acl 2006 and -Accounting and Reporting by Charrties. Statement of Rtcornmended Practice applicab to chariknes ppann9 their accounts In accordance wth the Financial Reporting Standard applicabkn in th• UK and Republic of l¥ei3nd IFRS 1021"13s amended for accountiTrJ periods commencing from l January 20161. The eharrty Is a Public Btn•frt Ents"ty a$ dfinèd by FRS 102, Th¢ finanfy $talements are prepared in 5terfing, is the hjnctional (rrency of the charity. Monetsry amount$ In th•se financial $fatemenls are rounded to the nea$¢ £. Th 4¢¢¢unt$ havtt been prepared under the historical cost conv•ntion. Th• principal accounting polic¥ adopted are s•t out tyd¢)W. 1.2 Golng conc•m At the time ol approvin9 the a¢¢¢unt$ an¢J a$ detailed in Ihe Trustees. report, the Trustees have considered the impact of Covi&19 on the chanty and the Trustees hav• a r•asonablè txpèctatitsn that the charity h3$ adequaie resour¢es lo continue in operational existence for the foreseeable future. Thus. th• Truste•$ continue lo adopt the'going concèm. basis of a¢wuntsng in prepanng the accounts. 1.3 Charltabl• lund8 Funds held by the chanty ar•.. Unrestricted general funds . these are funds Nthich can be used in accordanc• wth th• charitabl• obje¢l$ al th• discr•lion ol the INstees. Deswnated lunds. th•se are frjnds set a$id by th tru$iees tsf urtre$iri¢ted general fvnds for specific fvture purposes. Restrictell funds - these are lunds that can onty be used for parb"cular restricted purposes wlhin the ¢bio¢ts ol th6 charrty Ro¢tneiion6 anc• epecified by the donor or when fundc arc raiood f¢r particulor rèstri¢ted purposes Capilal grants rece*vable a treated as restncted Income until they are expended. Thereafter they are treated as designated lunds. provided the restriction has been discharged. and then released to general funds over the life ol the relaied assèt. Furthèr explanation of the nature and purpose of e¥ch fund is in¢luded in the notes to ihe accounts. 17-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Accounting pollcie Icontinuodl 1.4 Income Income is recognised when the chanty is legally enb.tled lo it after any performance condition5 have been rnet. the amounts can be measured reliabty. and il is probable that income will be received. Voluntary income including donabons and gffts are re¢JJgnised %there there is entitlement, certainty of receipt and the amount can be rneasured wth suffiuent reliability. Such Income Is only deferred then the donof has imposed eonditions whKh rnu$t be met beforg th¢ thanty has unconditional entruement. InStMent Income is recogni3ed on a receivable bas. Income from chantsble athvrties indudes income r8c•ivad L¢ndor ¢tsntrxi or wh?re entillemenl to qrant fijnding is sublect tts specfft pell0nnan condib"on¥ is recognised as eamed la5 the related goods or services ar• pro¢1. Grant in¢om induded in Ihi$ category prowdes fvnding to support performance acliwties and is reco9nised tre th¥ 1$ ènMim•nt. rtaInty of reIpl and Ihe amount can be measured with sufficient rdiability. On o¢¢a$ion$ whefe the tharity received assistance in the fonn of donatsd goods and facilits•s, and the benefft Is quantrfiable and matenal. on appropriate amount 15 induded In Income and an equivalent amount as expenditure under the relevant heading. The value ol seNices prowded by volunteers ha$ not be•n Included In these accounts. Incorne from donated services and laalities is Included at a valuatson wttich Is an aslimalè ol the financial ¢O$l btsrne by the donor where 3uch a cost is quantifiable and measurable. No Income Is recognised wh•n there is no finanoal cost bom by a third paty. 1.$ ExwndStur• All expenditure is accounted for on an a¢¢rual$ basi3 and ha5 been das5ified under headings that aggregate all costs related lo the category. The Irrecoverabla •lment ¢>f VAT 1$ in¢luded wth the item of exptrn$e$ to vthith rt lateS as this cannol be iecovered by ihe chantable company. Charllablo a¢tlvitl•s Chant3bl• •xp•nditurg ¢ornpriw8 th¢ co$t$ incurr•d by th• eharrty in th• d•liv•ry of its activth•s and services lor ils beneficiaries. Govemance ¢19 This category indudes Ihose costs associat•d wih meèting th ¢on5btutional arKI statutory requirement5 01 Ihe charity. 1.6 T•nylble fflx•d a$6•ts Tangible fixed assets are initkilly measud at cost or deemed cost for land and buildings on transition to FRS 102, net of depwiabon and any impatrrnent losses. Ml assets costs'ng more than £1,000 are capitalised at cost. Depreciation is provided at rates calculated to vrtrte off th* ctsst less estimated residual value ol each asset over its expected useful lrte. as follows.. Land and buildifVJS Fixture5. fittings & equipment 2% p.a. on a straight line bass 33%p.a. on a straigm line basis Icomputersl and 20% p.a. a reducing balance basis lfixlures, fittings and equipment) The gain or loss arisin9 on Ihe disposal of an asset 1$ detemineLI as the dIffenCe between tre sale proceeds and the carrying vahje of the asset. and is iecognised in net incDmelleXpenditu) for the year. 18-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 A¢counting poli¢1 (Continued) 1.7 Flxod ass•t InY•stm¥nts A subsidiary is an entity controlled by the charrty. Control is the ptsr to govem the finantyal and operating policies of the entity so as to oblain benefits from its activrties. rh• wholly-ovmed trading subgdi?ry. Fronyine Trading IUKI Limited is incoorated in the United Kingdorn. The company ceased trading on I September 2013. 1.8 Impaimi•nt of flx•d a••ts Al each reporting end date. the chartty fewews the caryin9 amounts of its tan9iblè ass•ts to dètemine whether the is any indication that those assets have suffered an impaiment loss. If any such indtIOn •xit. th• r•eov•rabl• Arnount of lh• wAq•t IB •gtimat•d )rd•r to d•t•rmin• th• •xt•nt of th• iM1rni•n¢ loss lif anyl. 1.9 Cash and cash •qulval•nts Cash and cash equivalenls In¢lude ¢a8h in hand. dewsrts held at c1 with banks. other 5hort.teryn liquid Investments vrtth on9inal matunb•$ of Ihre• rt$ or l&s$. and bank ovtrrdrafts. 1.10 Flnanclal Instrum•nts The charity has elected to apply the provisions ol Secbon 11 '8a$ic Financial In$trumnt$' and Sfflion 12 'Other Financial Instruments Issues. of FRS 102 to all of Ils financial instruments. Financial instruments af• reco9nis•d in th• charity's balan¢e $h¢et vknen tt)e ¢harity OtMe5 paty 1¢ th¢ contractual provisions ol the instrument. Financial assels and liabilities are offset. wlh the net amounts presented in the financial statements. wh8n thr• 1$ a l•gally enforceable right to Set off the fecognised amounts and there is an intention lo Sett on a net basis or lo alIse the ass•1 and s•ttle thè liability simuiianeou$ly. Baslc Ilnanclal •ss•ts Basic financial assets, which include deblors and cash and bank balances. ar& inibally measured at Ir#n#aeticn pne• Including tran8action eoslg and ar• gubB•qu•nlly carri•d al amortiÉ•d eoBI u¢ing tho effeclive interest meth¢xl unless the arrangement conststutes a financing transaction, where the transaction 13 rneasured at the pre5enl value ol Ihe futu receipls discounted at a market rate ol interest. FinancAal assets classified as rtt•i¥abl• within one yèar art not amortiged. Baslc flnanclal Ilablliti•s Basic financial liabilities, Includin9 creditors and bank loans are Initially reco9nisèd at transaction pnee unle5$ the arrangement consth'tutes a financing transacbon. where the debt instrurnent Is rneasured al the present value of the future payments discounted al a market rate ol Interest. Financial lia"11t1es classifi•d as payable wthin one year are not amorbsed. Debt instruments are subsequendy camed at amortised cost, using the effective interest rate method. Trade creditOf5 are obligations to pay for goods or services that have been acquired in the orclinary course of PPEratlQn5 5uppIIEf5. Amuunt5 payable are da55ffled as curTeni Ilabllllle5 If paytnerFI Is (Jue wllhln one year or les5. If not. they are presented as non<urTent liabilities. Trade Creditors are recognised inilialty at transaction pnce and only measured at amo¥tised cost using the effecuve Interest method if payable in more than one year. Derecognition gf financial lialxlities Financial liabilities are derecogn15ed when the charity's contraciual obligations expire or are distharged or ancelled. 19-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policl•s Icontinuedl 1.11 Employeg bgnofits The cost ol any unused hdiday entitlement is recognised in the pen.od in 1th the trmpltyyee'5 Jer¥ice3 are received. TeminaJon benefiis are re¢o9niseo Imrnediaiety as an expense vmen ine charty Is aemonstrabiy committed to teryninate the •mploym•nt of an amploye¥ or to prowde teminabon benefits. 1.12 R•tir•m•nt n•fitS The company makes contributs.ons into rnploye$' pension plans. The coniributions ar• chargad as expenditure in the year In which they are paid. 1.13 Taxatlon Th• charrty beneffts from various exemptions from taxation afforded by tax 1•giall¢n and is not liable lo corporation tax on qualifying Inrne or gains tslling wthin those exemptions. Recovery is made ol tax deducted frcxn ncome and from receipls under Gift Athd. The chanty is not able to r•eov•r Wue Add•d Tax. Expenditure is recorded In th• accounts indusive of VAT Crftlcal accoUnng 08tlm•t•8 and ludg•m•nts In the application of the charitys accounting polKie5. the trustees are require(J to make judgements, esbmale$ and assumptions about the carrying amount of assèts and Iiabiliti&$ thal are not readily appaDI from oth¥r sources. The eslirnales and associated assumptions a based on hi$lc>ri¢al txperien¢e and other factors lttat are considefèd to relevant. Actual results may differ from these estimates. The estimate8 and und•rfyirtg as$umptions art VIeWed on an ongoing basis. Revisions to accounting estimates are recognised In the penod In which the esimaie is revised %%ere the revision affects only that penod. or In Ihe period of the viSIOn and hjiure penods vthere the revision afftct$ both ¢urrent and fvture periods. Donatlonl #nd looacles Unrg¥lrf¢led Restrlcted funds funds neral 2021 Total unresln.cted R•stricled funds lund3 gtrneral 2020 Tolol 2021 2021 2020 2020 Donattsns and gift$ Corè grams 602.973 12.500 883 603.8S6 12.500 814,375 47.646 9,292 623,667 47,646 615.473 883 616.356 662.021 9,292 671,313 -20-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Donations and 1gga¢ie$ IContinLtgdl Grants r•c•lvabl• for corfr activities Coronavirus Job Retention Scherne Grant Moreton Community Centre 7.500 7.500 47.646 47.646 5.OC4J 5.000 12.500 12.500 47.648 47.646 Ch4rl¢•bl• •Gtlvltl•• Unrn•trlct•d funds n•ral ch 2021 unStriCted fvnds general Chur 2020 Income from charitabl• adivrti•s Other income 3,098 12.897 5.144 3,098 17.841 Unrgstrict•d unstrICted fund8 funds 99ngr¥l general 2021 2020 Interest receivable 14 107 Other Income Unrostrlct•d Unrestricted funds fundj yVIIIJTuI 2021 2020 Other income 1,942 1,528 21
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Charitabl• acVItI83 Church 2021 Church 2020 Staff eosts Oèprecialioll and Impairment Pr¢mises expenses Repairs and renewals Motor and travel Legal and professional Seff ernoyed workers Course and ler¢n •xp•ns IT ¢o$ls Office exFenses Food, drink antl other purchasès Sundry exp•n$e$ 309,742 19,823 44,038 10.680 3.757 14.643 6.129 7.708 32.787 16.286 9.024 11.959 381,602 17,807 38.589 9.214 12.662 15.835 14.869 9.743 24.639 16.254 18.197 10,3SO 486,S56 569,761 Grant funding of activities Isee note 81 Share of governance cos15 (see note 91 94,926 S,S31 92,457 5,370 587.013 667,588 Analysis by fund Unreslricled funds- general Restricted funds 579,113 7.900 663,119 4.469 687.013 887.688
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Grants payable 2021 2020 Church Grant5 to In5tstution¥'. Ima9ine 11 Tnjst Emmaus Together ftsr the Haryest Fusion 4Poinls Toxteth Elptithah The Bridge Trust Other grants 39,084 5,000 3.600 500 4.800 4.000 3.000 1.250 43,350 3,800 3,200 4,000 2,500 61.234 56.650 Grants to Individual$ 33.692 35.807 94.926 92.457 Support ¢0•ts Support Gov•manc• costs ¢05ts 2021 Support Gov•mane• o$t$ 2020 Ind•p•n¢Jtnt examination fees Accountancy fèes 1.840 3.691 1,840 3.691 1.785 3.585 1.785 3.S85 5.531 5.531 5.370 5.370 Analysed between GharitaWe aclivibe$ 5.531 5,531 5,370 5,370 Support and goveman¢e costs are recharged to church aCtsVe$. Govemance costs indudÈs payments lo the independent examiner of £1.840 for independent examination fees1202t> £1.7851 and payments to the independent examiner for a¢coun¢an¢y services of £3,69112020- £3.5851. 10 Trust•os No tTUStees were reimbulsed expenses duwing the Year(202 no tnJ5tees were reimbursed expensesl. -23-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 11 Employgos Numbèr of employ085 The average monthly number ol empl¢)yee5 during the year was.. 2021 Number 2020 Numbor Charitabl• 18 19 Employm•Trt co•t• 2021 2020 Wages and SaneS Social sectsnty costs Other pen$ion ¢o$ts 281.089 16.185 12.468 347.356 20.412 13,834 309,742 381,602 Included in vrdges and salaries are redundancy and •x-grtha payments totallin9 £nil12020. £45,000). There were no employees vthose annual remuneration was £60.000 or mofe. 12 Tanglbl• flxgd asjets Land and Flxturas, buildin fittlngs & gquipment Total Cost Al I Septembw 2020 Addits"ons 475.000 21.624 309,697 20,482 784.697 42.106 At 31 August 2021 496.624 330,179 826.803 O•pr8ciatlon At 1 September 2020 Depreciation charged in the year 66,SOO 9.500 278,S49 10,323 345.049 19.823 At 31 August 2021 76.000 288.872 364.872 Carrying arnount Al Jl August 2U21 42Q.624 41.307 461.931 At 31 August 2020 408,500 31,148 439.648 The assets are all used for direct charitaNe purposes. -24-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2021 13 Flxod ass•t Invèstmtr Othèr Invgstmonts Cost At 1 September 2020 and 31 August 2021 Caryin9 arnount AI 31 Au9U512021 At 31 August 2020 2021 2020 Other in¥e3iments ¢>Jmpn's•.' Investrnent5 In su0sl8 74 14 Sub8ldlarS Details of the eharity's subsidiarie3 at 31 Au9U¥t 20218re as follo.. Nam• of und•rtaklng and county of IncorporaOn or r••iden¢y N•turn of buslng Class of % Held •haf•holdlng Dlr•ct Indlr•et Frtsntlin Trading IUKI Limited England and t)om)ant Wales Ordinary 100.00 The aggregate capital and rIrVeS for Ihe year of $ub*di¥ries excluded from consolidation was as follows. Nam• of und•rtaklng Capitsl and R•s•rv•# Frontline Trading IUKI Limited 15 D?btor4 2021 2020 Arnounts fallin9 due V•lthin ono y•ar: Olher debtors 18,855 21.725 -25-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2021 16 Flnaneial instrumgnts 2021 20ZO Carrying amount of financial assets Debt instruments measured al cost Equily instruments measUd at cost 101,058 121,874 Carying amount ol financl•l Ilabllltl•8 Measured at cost 17.604 58,471 17 Cr•dltorn: •mwnts tslllng du• V•Tthin on• yr 2021 2020 Olher taxation and socAd s•cunty Trade cr•ditors Othr ¢redilof8 AccNals 4,811 5.809 7,296 4,499 28.98S 4.500 22,415 33,485 18 Cr•d5torn: amounts lalllng du• aft•r mor• th•n on• y1 2021 2020 Other creditors 25.000 19 R•tlffjrn•nt nlIt •chomg1 Th¢ ehanty operate$ a defined ¢onlribution pension scheme for all qualifying ernployees. The assets of the scheme are held separately from thos• of th• thaity in •) indep•n(lently administered fvnd. Thé charge 10 th $lalement ol finanrial aclivities in respect of defined contribution schemes was £12,468 12020 £13,834) -26-
(Y 4D r 00 q>¢ry Illl il I J J c L) U lu
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 22 Analysls of n•t ass•ts bet%bYerb fund Unre6tri¢tod RestrTr¢tsd funds lund$ 2021 2021 Total Unrestricted Restricted ftjnds fvnds 2020 2020 Total 2021 2020 Fund balances at 31 August 2021 are represented by" Tangible assets Invtrstments Currnt as 461.931 461.931 439.648 439,648 94.816 2.360 97.176 100.685 126.0001 9.377 110,082 12S.0001 Long t•rm liabil¢• 556.749 2.360 559,109 515.33S 9,377 S24,712 23 Op•i•tlng l•a•• ¢¢)mmllm•nts At th• r•portino •nd datp thp rthanty had niJt8tanrfino rffjrnmitmpnts fnr fithir• minimlim l•ax• paym•nt under non.cancellatsle operating leases. %thich fall due as follows. 2021 2020 thin one year BeMeen tsvo and fve y•ars 1,885 1.885 1.885 1,885 3,770 Z4 cash g•n•rai•o trom operation• 2021 2020 Net expendlture for th• rnportlng p•rlod(as per th• stat•m•nt of fin8ncial •ctivilies) 34.397 23,201 Adjustmenis for. Inve5tmtrnt incom• re¢ggnised in Ihe statement of financial ath'vities Depreciation of tangible fixed asseis 1141 19,823 11071 17,807 Movements in working capital". Decreasellincreasel in debtors (Decrpaseifincrease in rrp.ditans 2.870 1.7fi n701 14.6411 Net cash provided by oparating activttios 21.006 88.168 -29-
FRONTLINE TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 25 Relatsd party trangactions RomuMratSon of koy management per40nnel The remunerabon of key management personnel is a$ follows. 2021 2020 Aggwale femunefatson 96.913 104.725 Tran8actlon• r•Fat port101 Ourtng Ihe year me cornpany enierea knmcrtng tranwbons rw•o part$. John Harding 1$ a tw$t•• and was al ernYed by the charrty dumg the year. He is also a trustee of Mor8ton Communty C•ntr•. The Centrtr gave grants 01 £5.000 to the chanty in the year. The goveming document perniits truste•s to fci¥e grant$ and remune¥atson. provided $uch tru5tee5 afe not in the maionty. Any such Ternvnerabon level Js set by Ihe board. exduding tho$ member$ 3 confllct of InieresT. John Gib$on wa$ mpltsyed by the tharity during the year as the CEO. He is a difector ol Imagin• IfTrust. Imagine If Trust is an independent charitsbl ¢tynpany. Dunn9 th• year Frtsnlline Trust ha¥ asSi51ed Imagine If Tru$l by providing grants (see note 81. Imagine11 Tnjst are also rncharged sundry axpn$•$. Trustees donated £39.30012020. £43.652110 th• ¢harity irt the year. Thre rI no othr r*laled paty transactions in the year. 26 Company Ilmi1Od by guarante• Tha Frontlinè Trutst io in¢orporat¢d undcr Ihc Componioo A¢t a9 a wmpany limrted by guarantee. The liabilrty of the members is limiled to £10.
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