REGISTERED COMPANY NUMBER: 05496823 (England and Wales) REGISTERED CHARITY NUMBER: 1110592
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
THE HIVE CHURCH LTD
THE HIVE CHURCH LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 15 |
THE HIVE CHURCH LTD (REGISTERED NUMBER: 05496823)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
CHANGE OF NAME
The Hive Church Ltd changed its name from Christian Growth Centre, Maldon on 13 September 2021.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our Charity's purposes as set out in the objects contained in the company's Memorandum and Articles of Association are:
-
To advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule hereto in Maldon and in such parts of the United Kingdom and the world as the Trustees may from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity;
-
To further Christian education in such parts of Maldon and the surrounding area and in such other parts of the United Kingdom and the world as the Trustees may for time to time think fit to relieve persons who are in condition of need or hardship or who are aged or sick and to relieve the distress caused thereby in such parts of Maldon and the surrounding area and in such other parts of the Untied Kingdom and the world as the Trustees may from time to time think fit.
-
To provide and maintain facilities (whether in a purpose-built Community Centre or otherwise) for the benefit of the community of Maldon and the surrounding neighbourhood which facilities may without limitation include the provision of child-care services and meetings, lectures and classes and other forms of education, recreation, and leisure-time occupation without distinction of race, sex, political, religious or other opinion and with the object of improving the conditions of life for the said inhabitants as the Trustees may from time to time in their discretion determine.
Our aim is to deliver this:
Through: o education / training o the advancement of health or saving of lives o the prevention or relief of poverty o religious activities o economic / community development / employment
To:
o children / young people o the general public / mankind
By:
o providing human resources o providing buildings / facilities / open space o providing services o providing advocacy / advice / information
Grantmaking
Currently CGC (Christian Growth Centre) Maldon / The Hive Church Ltd do not give grants by application. However gifts maybe given to other charitable organisations to help to achieve CGC Maldon's charitable objects and mission statement. Gifts are given at the discretion of the Trustees on recommendations submitted by the Senior Pastor(s).
Page 1
THE HIVE CHURCH LTD (REGISTERED NUMBER: 05496823)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
OBJECTIVES AND ACTIVITIES
Volunteers
CGC Maldon has a group of people who join together to volunteer and make a difference in the community in which we are based. CGC Maldon is committed to making a difference and bringing God's love to our neighbours and those that live around us. We see the need for Christ's life changing love in Maldon, Heybridge and the surrounding areas.
Covid-19
Due to covid 19 we have been unable to have any services in person. However we have intentionally met together virtually and reached out to others through phone calls, texts and helping those more vulnerable and shielding with their shopping and with practical love.
We also secured local authority funding to buy, prepare and deliver food parcels and meal kits to those who have been financially challenged within our community.
Change of Leadership
In the summer of 2020 we had new senior Pastors join us Tim and Ellie Button. Tim and Ellie are a young couple with strong links to Maldon. Tim and Ellie have worked previously as missionaries in Moldova. The Church has been blessed to have them commit to leading the congregation. The Church remains grateful to the time, effort, passion, knowledge and efforts that previous leaders Rob and Jeannie Saggs brought to the role for over 10 years. Although covid did not allow a formal send off a transition has allowed the safe and planned oversight of the charity to take place.
Name Change
CGC (Christian Growth Centre) changed its name to the Hive Church. The Hive Church describes better how the people that belong to the Church come together to go out to connect, build relationships and bless the local community. The pattern of gatherings include one main gathering on the 1st Sunday of the month, smaller gatherings in homes in both Maldon and Heybridge. But also a mid-week prayer and praise once a month. Community hives include the continuation of indoor bowling, and Grace Group (for those who may struggle to meet in larger contexts). A new mid-week hive has also been established called Woolly Wednesday for knitting and crochet. These hives allow supportive, encouraging relationships to be formed in a safe context.
Future Plans and model
Over the next year CGC or now known as the Hive Church will continue to gather to(subject to any covid restrictions) celebrate God's love and reach out to others to help them Belong, Believe, Become and Be all that God's transforming love can bring about. The Hive Church is a family that desires to see our communities transformed through God's love.
Public Benefit
The Hive Church (CGC Maldon) undertakes its activities in Maldon and Heybridge. Its gatherings are open to all from the community and the Church actively advertises its activities so that new people can take part and join the activities planned. The Church is keen to have a positive influence on the community and as mentioned has undertaken shopping for those shielding due to covid and arranged and delivered food parcels for those financially struggling within the local community. The Hive Church will continue to operate in an open way and look for ways in which we can support, encourage and bless the local community.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objectives and in planning our future activities.
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THE HIVE CHURCH LTD (REGISTERED NUMBER: 05496823)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In March 2020 the Corona Virus control measures impacted the church in the following ways:
-
The church was unable to meet in person
-
Physical offerings were unable to be taken
This did have an impact on activities that would normally be organised by the church and therefore did have a slight impact on income.
2020-21 continued with the focus of the church impacting the community of Maldon and the surrounding area. This was evident in our teaching, prayer and events in the following ways:
TEACHING - '2020 - Year of Plenty' was the theme throughout the year with a real focus on Colossians 1:18-20. The two weekly Lifegroups continued to run virtually during this time.
PRAYER - The monthly prayer meeting continued via What's App initially and then virtually via Zoom.
CHURCH GROWTH - Due to the Pandemic numbers of people engaging in the weekly activities did drop during this period.
The Pandemic also affected the following areas:
OUTREACH
EVENTS
YOUTH AND CHILDREN'S WORK
COMMUNITY CONNECTIONS
FINANCIAL REVIEW
Investment policy and objectives
Currently the Charity's investment funds are in a reserve account. These funds are restricted for the specific purpose of premises expansion costs or purchase.
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 commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil their charitable objectives even if there is a temporary shortfall in income. The Trustees will endeavour to not 'sit' in on funds unnecessarily.
FINANCIAL POSITION UPDATE
The Statement of Financial Activities shows net income for the year ended 31 March, 2021 of £31,574 (2020 - £57,430 ) and net expenditure of £30,878 (2020 - £52,316 ). Reserves at the year end amount to £17,535 (2020 - £16,839 ) and are considered adequate to support the ongoing plans of the charity.
FUTURE PLANS
Throughout 2021/22 - CGC Maldon are seeking to look at what church looks like post pandemic, we are looking at growing with smaller gatherings in the homes of congregants and regular events to promote community connections and outreach.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The organisation is a charitable company limited by guarantee, incorporated on 27th July 2005. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.
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THE HIVE CHURCH LTD (REGISTERED NUMBER: 05496823)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The directors of the company are also charity trustees and are known as Trustees in the company's Articles. Under the requirements of the Memorandum and Articles of Association, new trustees are elected by the board and are not subject to retirement by rotation. The office of a trustee continues until retirement or removal in accordance with the articles.
There are at least three trustees in post at any one time and it is a priority that we have a range of skills available to manage the diversity of CGC Maldon's religious and community work. Currently we have a range of skills on the team including practitioners of HR, accountancy, charity management, social enterprise management, networking and pastoral care.
As trustees retire from the board, CGC Maldon seeks to find new members to replace the skills lost. Because of the nature of our work and requirement for trustees to sign up to the Statement of Faith (as laid out in the schedule to the articles), trustees may approach suitable persons who already serve in the organisation. Board members may also make enquiries about potential suitable candidates by approaching partnering ministries with similar ethos and values.
Through the process of recruitment, new trustees are required to
-
Provide references- on application
-
Declare any conflicts of interest and sign a declaration that they are not disqualified from being a trustee at interview
-
Sign the Statement of Faith in the Schedule to the Articles - at appointment
Organisational structure
In CGC Maldon the Pastor(s) and Board of Trustees play their own parts in the leadership of the church. We currently have a board of 6 trustees who are responsible and accountable for: Strategic Planning, Finances, Facilities, Pastoral Search, Risk Management and Church Policy
The day to day running of the charity is led by the two Senior Pastor(s) who have direct oversight and are accountable for: Spiritual Leadership, Visionary Leadership, Directorship of Programs/Ministries Reporting, Ministry Progress, Worship and Personnel Management.
Induction and training of new trustees
To help our trustees succeed in their post, it is important for them and the charity that there is a clear and transparent application, interview and induction process to clarify expectations and responsibilities.
In the process of Trustee recruitment and induction, new trustees are:
-
Issued an induction pack containing (but not limited to);
-
Charity commission Publication CC3
-
Relevant policies such as the Vision and Values Statements
-
The Statement of Faith
-
The latest accounts
-
Last annual report
-
Recent board meeting minutes
-
Organisational structure diagram
-
Asked to attend a trustees meeting as an observer where they can ask further questions.
-
Offered the opportunity to visit the Church and any of the activities/ projects to meet staff and service users.
To keep up to date with their roles and responsibilities, CGC Maldon Trustees are encouraged to seek out and participate in appropriate courses and events specific to the charity sector
Entitlement of Trustees
CGC Maldon Trustees serve voluntarily and receive no benefits for services provided with the exception of Trustees who serve as Religious Pastors as laid out in the memorandum (section 6). Any expenses reclaimed from the charity are set out in the notes to the accounts.
Wider network
CGC Maldon is part of the Skylark network of churches (previously CGI) and members of the Evangelical Alliance who oversight our doctrinal teaching and validate our credibility as a Christian organisation.
Page 4
THE HIVE CHURCH LTD (REGISTERED NUMBER: 05496823) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05496823 (England and Wales)
Registered Charity number 1110592
Registered office
Maldon Baptist Church Butt Lane Maldon ESSEX CM9 5HD
Trustees
R. Saggs Mrs J. Saggs P. Gutteridge (resigned 20.2.21) Miss. T. Wild S. Alleway (resigned 19.11.20) Mrs E. Button (appointed 1.12.20) T. Button (appointed 1.12.20) Mrs H. Pheasant (appointed 14.4.21) R. Pheasant (appointed 14.4.21)
Company Secretary Mrs J. Saggs
Independent Examiner
C. M. Tams A,C,A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
Bankers HSBC 72 High Street Maldon ESSEX CM9 5ET
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Hive Church Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE HIVE CHURCH LTD (REGISTERED NUMBER: 05496823)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 9 December 2021 and signed on its behalf by:
R. Saggs - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HIVE CHURCH LTD (REGISTERED NUMBER: 05496823)
Independent examiner's report to the trustees of The Hive Church Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
C. M. Tams A,C,A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
10 December 2021
Page 7
THE HIVE CHURCH LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 26,382 | 5,185 | 31,567 | 56,061 | |
| Other trading activities | 2 | - | - | - | 1,345 |
| Investment income | 3 | 7 | - | 7 | 24 |
| Total | 26,389 | 5,185 | 31,574 | 57,430 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Core | 24,943 | 5,935 | 30,878 | 52,316 | |
| NET INCOME/(EXPENDITURE) | 1,446 | (750) | 696 | 5,114 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 6,579 | 10,260 | 16,839 | 11,725 | |
| TOTAL FUNDS CARRIED FORWARD | 8,025 | 9,510 | 17,535 | 16,839 |
The notes form part of these financial statements
Page 8
THE HIVE CHURCH LTD (REGISTERED NUMBER: 05496823)
BALANCE SHEET
31 MARCH 2021
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 9 | 74 | - | 74 | 221 |
| CURRENT ASSETS | |||||
| Debtors | 10 | 2,163 | 65 | 2,228 | 1,209 |
| Cash at bank and in hand | 7,471 | 9,445 | 16,916 | 18,115 | |
| 9,634 | 9,510 | 19,144 | 19,324 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 11 | (1,683) | - | (1,683) | (2,706) |
| NET CURRENT ASSETS | 7,951 | 9,510 | 17,461 | 16,618 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 8,025 | 9,510 | 17,535 | 16,839 | |
| NET ASSETS | 8,025 | 9,510 | 17,535 | 16,839 | |
| FUNDS | 12 | ||||
| Unrestricted funds | 8,025 | 6,579 | |||
| Restricted funds | 9,510 | 10,260 | |||
| TOTAL FUNDS | 17,535 | 16,839 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 9 December 2021 and were signed on its behalf by:
R. Saggs - Trustee
The notes form part of these financial statements
Page 9
THE HIVE CHURCH LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 25% Straight Line
Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
31.3.21 31.3.20 £ £ Bowls - 1,345
Page 10
THE HIVE CHURCH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
3. INVESTMENT INCOME
| 3. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Interest received | 7 | 24 | |
| 4. | GRANTS PAYABLE | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Core | 3,535 | 14,726 | |
| The total grants paid to institutions during the year was as follows: | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other institutions | 2,112 | 2,112 | |
| Columbia childcare | - | 9,016 | |
| 2,112 | 11,128 | ||
| The total grants paid to individuals during the year was as follows: | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other individuals | 1,423 | 3,598 | |
| 5. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Independent examination | 780 | 750 | |
| Depreciation - owned assets | 147 | 147 |
6. TRUSTEES' REMUNERATION AND BENEFITS
The charity's memorandum and articles of association allowing remuneration to be paid to trustees are approved by the charity commission. The following remuneration was paid to the following trustees, who are also considered to be key management of the charity, during the year
| 31.03.2021 31.03.2020 |
31.03.2021 31.03.2020 |
31.03.2021 31.03.2020 |
31.03.2021 31.03.2020 |
31.03.2021 31.03.2020 |
31.03.2021 31.03.2020 |
|---|---|---|---|---|---|
| £ £ £ |
£ | £ | |||
| J. Saggs E. Button T. Button |
Total | Total | |||
| Trustees' salaries | 12,602 | 3,030 | 3,030 | 18,662 | 18,182 |
| Trustees' social security | - | 10 | 11 | 21 | 1,318 |
| Trustees' pensions | 656 | - | - | 656 | 1,818 |
| 13,258 | 3,040 | 3,041 | 19,339 | 21,318 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Page 11
THE HIVE CHURCH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Core activities No employees received emoluments in excess of £60,000. 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 40,113 Other trading activities 1,345 Investment income 24 Total 41,482 EXPENDITURE ON Charitable activities Core 36,990 NET INCOME 4,492 RECONCILIATION OF FUNDS Total funds brought forward 2,087 TOTAL FUNDS CARRIED FORWARD 6,579 9. TANGIBLE FIXED ASSETS COST At 1 April 2020 and 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
31.3.21 31.3.20 1 1 Restricted Total funds funds £ £ 15,948 56,061 - 1,345 - 24 15,948 57,430 15,326 52,316 622 5,114 9,638 11,725 10,260 16,839 Plant and machinery £ 19,377 19,156 147 19,303 74 221 |
|---|---|
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THE HIVE CHURCH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Tax | 2,228 | 1,209 | ||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Social security and other taxes | 171 | 1,974 | ||
| Accruals and deferred income | 1,512 | 732 | ||
| 1,683 | 2,706 | |||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 6,579 | 1,446 | 8,025 | |
| Restricted funds | ||||
| Building Fund | 8,313 | - | 8,313 | |
| Missions | 1,947 | (750) | 1,197 | |
| 10,260 | (750) | 9,510 | ||
| TOTAL FUNDS | 16,839 | 696 | 17,535 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 26,389 | (24,943) | 1,446 | |
| Restricted funds | ||||
| Missions | 2,785 | (3,535) | (750) | |
| Christmas Hamper Outreach | 2,400 | (2,400) | - | |
| 5,185 | (5,935) | (750) | ||
| TOTAL FUNDS | 31,574 | (30,878) | 696 |
Page 13
THE HIVE CHURCH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.19 | in funds | 31.3.20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 2,087 |
4,492 | 6,579 |
| Restricted funds | ||
| Building Fund 8,913 |
(600) | 8,313 |
| Missions 725 |
1,222 | 1,947 |
| 9,638 | 622 | 10,260 |
| TOTAL FUNDS 11,725 |
5,114 | 16,839 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 41,482 |
(36,990) | 4,492 |
| Restricted funds | ||
| Building Fund - |
(600) | (600) |
| Missions 15,948 |
(14,726) | 1,222 |
| 15,948 | (15,326) | 622 |
| TOTAL FUNDS 57,430 |
(52,316) | 5,114 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 2,087 | 5,938 | 8,025 |
| Restricted funds | |||
| Building Fund | 8,913 | (600) | 8,313 |
| Missions | 725 | 472 | 1,197 |
| 9,638 | (128) | 9,510 | |
| TOTAL FUNDS | 11,725 | 5,810 | 17,535 |
Page 14
THE HIVE CHURCH LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 67,871 | (61,933) | 5,938 |
| Restricted funds | |||
| Building Fund | - | (600) | (600) |
| Missions | 18,733 | (18,261) | 472 |
| Christmas Hamper Outreach | 2,400 | (2,400) | - |
| 21,133 | (21,261) | (128) | |
| TOTAL FUNDS | 89,004 | (83,194) | 5,810 |
Building fund
The building fund is to be used towards the acquisition of increased accommodation for CGC Maldon and it's various activities.
Mission
The missions fund is donations received to assist the mission work completed with Colombia ChildCare. The donations were spent during the missions trip to Colombia in the year.
The missions fund is also donations to support Mr & Mrs Button and their Missions work in Moldova.
Christmas Hamper Outreach
Funding for Christmas hampers for those in need in our community.
13. EMPLOYEE BENEFIT OBLIGATIONS
The charity provides a defined contribution pension scheme for employees. Premiums are paid into the scheme and held separately from those of the company in an independently administered fund. The pension scheme charge represents contributions payable by the company to the fund and amounted to £1,261 (2020 - £1,818). The amount due to the scheme as at the 31st March, 2021 is £171 (2020 - £1,374).
14. RELATED PARTY DISCLOSURES
Donations made to the charity by the Trustees during the year amounted to £6,660 (2020- £7,720)
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