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2021-03-31-accounts

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021

SILKLIFE CHURCH

CHARITY REGISTRATION No:1110560

SILKLIFE CHURCH

CONTENTS

Page 2

SILKLIFE CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1110560 START OF FINANCIAL PERIOD 1[st] April 2020 END OF FINANCIAL PERIOD 31[st] March 2021 TRUSTEES AT 31ST MARCH 2019 Cliff Bradbrook Alain Kyd Chrissie Thompson Matthew Godwin Katy Nyman David Atkinson

The existing Trustees appoint any new Trustees following the provisions laid out in the organisation’s governing instrument.

LEGAL STATUS Unincorporated Charity

GOVERNING INSTRUMENT Declaration of Trust Deed dated 28th June 2005

OBJECTIVES

  1. The advancement of the Christian religion in accordance with the statement of beliefs set out in the annex to this document particularly but not exclusively in Macclesfield (Hereinafter known as the “Area of Benefit”)

  2. The Relief of those in need in particular but not exclusively the elderly and those persons in condition of financial hardship in the area of benefit by the provision of grants, loans or any other such assistance given at the trustees’ absolute discretion

  3. To advance public education in particular that of children and adults in the area of benefit.

CORRESPONDENCE ADDRESS

CORRESPONDENCE ADDRESS Silklife Church The Silklife Centre George Street Macclesfield Cheshire SK11 6HS PRIMARY BANKERS Royal Bank of Scotland Macclesfield Chestergate Branch 56 Chestergate Macclesfield Cheshire SK11 6BA

INDEPENDENT EXAMINER

C J Allies FCCA 178 Buxton Road Hazel Grove Stockport SK7 6LY

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SILKLIFE CHURCH

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/members of Macclesfield Family Church on the accounts for the period ended 31[st] March 2021 set out on pages 6 to 10.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiners statement

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiners statement

In connection with my examination, no matter has come to my attention:

C J Allies FCCA 178 Buxton Road Hazel Grove Stockport SK7 6LY

Date:

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SILKLIFE CHURCH

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31[st] MARCH 2021

Macclesfield Family Church has been meeting regularly in Macclesfield since April 2003 as a church plant of Burnage Family Church (N0. 1021798). With effect from 25[th] July 2005 it became registered as a charity in its own right with its own Trust Deed. In September 2009 it changed name from Macclesfield Family Church to Silklife Church.

Over the last year this is how we have endeavoured to fulfil our Trust Deed Objectives:

  1. The advancement of the Christian religion in accordance with the statement of beliefs set out in the annex to this document particularly but not exclusively in Macclesfield (Hereinafter known as the “Area of Benefit”)

  2. The Relief of those in need in particular but not exclusively the elderly and those persons in condition of financial hardship in the area of benefit by the provision of grants, loans or any other such assistance given at the trustees absolute discretion

  3. To advance public education in particular that of children and adults in the area of benefit.

Objective 1.

  1. Sunday morning services (including teaching of children referred to in Objective 3) during which the bible is preached and taught from.

  2. In March 2020 the Church was unable to meet face to face because of the COVID pandemic. We responded with an online programme. As the pandemic restrictions have lifted we have run a hybrid schedule of online and face to face meetings.

  3. Midweek “Growth Groups” during which bible based teaching is discussed and applied.

  4. Publicity including the church website advertising the church and furthering the gospel and bible teaching. 5. We ran a course named Alpha in Summer 2020 which explains Christianity to people who are exploring faith.

Objective 2.

  1. Hope in North East Cheshire Initiatives - in partnership with over 30 other churches in Macclesfield and also in partnership with local agencies including the police, council and fire services. Sam Little participated as a member of Hope’s Finance & Administration Group, and we have provided financial contribution to Hope In North East Cheshire.

  2. In December 2010 we opened a Foodbank in Macclesfield relieving those in particular need with a short term food parcel. Demand for food parcels increased significantly with the onset of the COVID pandemic. During the COVID pandemic our referral rate escalated to over 200 referrals each month. This has reduced slightly to between 160 and 180 separate referrals each month (many of these are for families or couples). In June 2020 we appointed a part time paid foodbank coordinator to lead our team of volunteers.

  3. During the pandemic we significantly enhanced our warehouse facilities and delivery procedures to meet the spiralling need.

Objective 3.

  1. Various Sunday school clubs for children aged 0-11. This includes education in the Christian religion and general education is achieved simultaneously.

  2. Youth Club on Friday evenings and Sunday mornings which again includes education in the Christian Religion for 11-18 year olds.

  3. During the pandemic we sought to maintain our children and youth provision through various online and remote methods. This included an online nativity in December 2020.

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SILKLIFE CHURCH

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31[st] MARCH 2021

Reserves Policy

An amount of £3,000 has been designated as a reserve fund to cover regular commitments which would be unavoidable if income were to suddenly cease.

Approved by the Trustees on

Signed on their behalf by Trustee

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SILKLIFE CHURCH

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDING 31[st] MARCH 2021

Notes Unrestricted Restricted Total Total
Funds Funds 2020/2021 2019/2020
RECEIPTS
Voluntary Receipts 2a 77,265 300 77,565 70,718
Investment Income 2b 22 0 22 4
Other Receipts 2c 0 79,432 79,432 10,148
TOTAL RECEIPTS 77,287 79,732 157,019 80,870
PAYMENTS
Cost of Generating Voluntary 3a 12,820 15,916 28,736 619
Receipts
Cost of Charitable Activities 3b 34,063 0 34,063 34,422
Governance Costs 3c 37,635 0 37,635 38,123
TOTAL PAYMENTS 84,518 15,916 100,434 73,164
NET 56,585 7,706
INCOMING/(OUTGOING)
RESOURCES
Balances Brought Forward 18,770 11,064
BALANCES CARRIED 75,355 18,770
FORWARD

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SILKLIFE CHURCH

STATEMENT OF ASSETS AND LIABILITIES AS AT 31[st] MARCH 2021

Notes
ASSETS
Cash Funds:
Current Account
Total Assets
Represented by:
General Fund
Reserve fund
Assets retained for the Charity’s
own use:
Equipment
Total Net Assets		 31/3/2021
31/3/2020
£
£
68,269
11,684
68,269
11,684
65,269
8,684
3,000
3,000
68,269
11,684
7,086
7,086
7,086
7,086
75,355
18,770

Approved by the Trustees on

Signed on their behalf by Trustee

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SILKLIFE CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2021

1. BASIS OF ACCOUNTING

The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements. The accounts are prepared on a “going concern” basis.

2.
RECEIPTS
Note
a) Voluntary Receipts
Tithes and collections
Special Collections and gifts
Gift Aid Tax Reclaimed
b) Investment Income
Bank Interest
c) Other Receipts
Rental income
Noah’s Ark and Youth
Food Bank – donations and grants		 Unrestricted
Funds
Restricted
Funds
53,329
0
13,838
300
10,098
0		 Total
2020/21
Total
2019/20
53,329
42,180
14,138
16,211
10,098
12,327
77,265
300		 77,565
70,718
22
0		 22
4
22
0		 22
4
0
0
0
0
0
79,432		 0
2,208
0
340

79,432
7,600
0
79,432		 79,432
10,148

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SILKLIFE CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2021

3.
PAYMENTS
Note
a) Cost of Generating
Voluntary Receipts
Overseas and Mission
Food Bank
Christ Central Churches
b) Costs of Charitable
Activities
Church Resources
Noah’s Ark, Youth and
Newday
Outreach
Staff Costs
5&6
Personal pension
Training
Child Protection Bureau
Membership fees and
subscriptions
Visiting Guest Gifts and
Expenses
c) Governance Costs
Accountancy
Light, heat and water
Insurance
Cleaning and hygiene
Other, including phone
Rent		 Unrestricted
Funds
Restricted
Funds
7,820
0
0
15,916
5,000
0		 Total
2020/21
Total
2019/20
7,820
15,916
300
319
5,000
0
12,820
15,916		 28,736
619
1,710
0
497
0
1,845
0
26,401
0
1,424
0
86
0
345
0
797
0
958
0		 1,710
441
497
1,217
1,845
294
26,401
27,952

1,424
1,244
86
551
345
234
797
677
958
1,812
34,063
0		 34,063
34,422
400
0
3,224
0
2,838
0
2,494
0
2,179
0
26,500
0		 400
400
3,224
4,658
2,838
2,705
2,494
3,281
2,179
1,022
26,500
26,057
37,635
0		 37,635
38,123

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SILKLIFE CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2021

5. PAYMENTS TO TRUSTEES

During the financial year trustee Mr S Little received £nil (2020: £22,906) and Mr D Atkinson received £17,520 (2020: £4,380) in salary in furthering the charity’s objects.

No other payments were made to Trustees or any person connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.

6. STAFF COSTS AND NUMBERS

TAFF COSTS AND NUMBERS
Gross Wages and Salaries
Employees who were engaged in
activities in furtherance of organisation’s
objects (FTE) at 31/3/2021		 2020/21
26,401
26,401
3		 2019/20
27,952
27,952
2

No employees received emoluments in the range of over £50,000. The payroll is operated under the PAYE scheme with the Inland Revenue.

7. RISK ASSESSMENT

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserve stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

8. RESERVES POLICY

The trustees have considered the level of reserves they wish to retain, appropriate to the charity’s needs. This is based on the charity’s size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

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