2021-12-31-accounts

Charity number: 1111084

THE CHURCH IN READING

TRUSTEE'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

THE CHURCH IN READING

CONTENTS

	Page
Reference and administrative details of the charity, its Trustee and advisers	1
Trustee's report	2 - 5
Independent examiner's report	6 - 7
Statement of financial activities	8
Balance sheet	9
Notes to the financial statements	10 - 16

THE CHURCH IN READING

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEE AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustee

S Tait

Charity registered number

1111084

Principal office

5 Kelburne Close Winnersh Wokingham RG41 5JG

Independent examiner

C P J Dougherty FCA Lakin Rose Limited Chartered Accountants Pioneer House Vision Park Histon Cambridge CB24 9NL

Page 1

THE CHURCH IN READING

TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustee presents their annual report together with the financial statements of The Church in Reading for the period from 1 January 2021 to 31 December 2021.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustee has given due consideration to general guidance published by the Charity Commission relating to public benefit.

The charity is constituted under a Charity Commission Scheme and is a registered charity number 1111084.

The Church in Reading’s main objective is to advance the Christian faith in accordance with our Statement of Faith. This Statement of Faith states that the Church is the pillar and base of the truth of the faith as revealed in the Bible. The truth is concerning the Bible being the complete and inspired Word of God, concerning:

• God being triune, the Father, the Son and the Spirit

• the completeness and efficacy of the redemptive work of Jesus Christ

• the work of the Holy Spirit in and upon the believers for their complete salvation

• the oneness of the Body of Christ both universally and in its expression locally

• the hope in the Lord’s return at the end of this age, and

• the ultimate consummation of God’s purpose in the New Jerusalem in eternity

b. Activities for achieving objectives

This is achieved by:

• the preaching of the gospel

• the spiritual nourishment of the new believers

• the perfecting of all believers to be living, functioning members in the Body of Christ

• holding meetings for prayer, remembrance of the Lord and for prophesying unto mutual encouragement, exhortation and building up

• seeking to raise up and support full time workers

• supporting works to spread the gospel, both locally and abroad

• by regular and frequent fellowship with other churches throughout the earth for the practical keeping of the oneness of the Body of Christ universally

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THE CHURCH IN READING

TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Achievements and performance

a. Review of activities

At the beginning of the year, the regular weekly meetings of the Church in Reading were being held online rather than in person due to the Covid-19 pandemic and the national restrictions issued by the government. However, in March 2021 we were able to resume our weekly Lord’s table and prophesying meeting in person at the hall, with audio visual equipment set up to participants from other parts of the country to join via video conferencing platform Zoom. Small group meetings also resumed in the homes of the saints, but the prayer meeting of the church has continued online to the current day. In addition to the weekly meetings, members of The Church in Reading have also been able to attend national and international conferences to blend with other churches, and have also participated in gospel related activities including distribution of Bibles and free Christian Literature at both the University of Reading and the University of Oxford. Our net income has remained consistent and through the continued giving of the members of the Church in Reading, we have been able to continue providing financial support to full-time serving ones, as well as making donations to members in need. We have also continued to help members who are having difficulties personally or spiritually and to provide spiritual counselling to one another for our mutual growth.

A summary of the main achievements during this time:

• Physical, Online, and Hybrid meetings

• Participation in National and International Conferences both online and in person

• Distribution of Bibles and Christian literature

• Caring for the church members personally, financially, and spiritually

The Church in Reading as the local expression of the universal church has as its aim the building up of the Body of Christ which extends beyond the local area. If there are opportunities to participate in the Lord's move on the earth, the Church in Reading will from time to time seize the opportunity.

Financial review

a. Going concern

After making appropriate enquiries, the Trustee has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

b. Financial Review

The Statement of Financial Activities covers the year to 31 December 2021. The results of the year's operations are set out in the attached financial statements. The net inflow of funds for the year amounted to £25,680 (2020 - £25,439) . The retained reserves at 31 December 2021 amount to £66,033 (2020 - £40,353) .

c. Reserves policy

It is the intention of the Trustee to maintain the charity's reserves in a cash fund

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THE CHURCH IN READING

TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, governance and management

a. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co opted under the terms of the Trust Deed dated 26 May 2005.

b. Trustee resignation

K Zohrehie resigned as a trustee on 27 September 2021. Since then, S Tait has been the only serving trustee of The Church in Reading. There has been consideration regarding the appointment of a new trustee, however this fellowship is ongoing.

c. Risk management

The Trustee has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and is satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Members' liability

The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

Statement of Trustee's responsibilities

The Trustee is responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustee to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustee is required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustee is responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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THE CHURCH IN READING TRUSTEE'S REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Approved by order of the members of Ihe board of Tnjs1e￿ on 26th Oct 2022 behaK by.. and signed on their S Tait Tnjslee Page 5

THE CHURCH IN READING

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Independent examiner's report to the Trustee of The Church in Reading ('the charity')

We report to the charity Trustee on our examination of the accounts of the charity for the year ended 31 December 2021.

Responsibilities and basis of report

As the Trustee of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

We report in respect of our examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

We 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.

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THE CHURCH IN READING

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

This report is made solely to the charity's Trustee in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the charity's Trustee those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Trustee for our work or for this report.

Signed: Dated: 26 October 2022

C P J Dougherty FCA

Lakin Rose Limited

Chartered Accountants

Pioneer House Vision Park Histon Cambridge CB24 9NL

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THE CHURCH IN READING

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Note Income from: Donations 3 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2021 £ 42,649 42,649 16,969 16,969 25,680 40,353 25,680 66,033	Total funds 2021 £ 42,649 42,649 16,969 16,969 25,680 40,353 25,680 66,033	Total funds 2020 £ 45,159
			45,159
			19,720
			19,720
			25,439
			14,914 25,439
			40,353

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 16 form part of these financial statements.

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THE CHURCH IN READING BALANCE SHEET S AT 31 DECEMBER 2021 2021 2020 Note Current assets Deblors Cash at bank and in hand 28,173 40,020 17,101 25,291 68,193 42,392 Creditors.. amounts falling due within one year 12.160) (2,039) Net current assets 66,033 40,353 Total net assets 66,033 40,353 Charity funds Reslncted funds Unreslricted funds 10 10 66,033 40,353 Total funds 66,033 40,353 The financial statements were approved and authorised for issue by the Tnjslee on 26th Oct 2022 signed on their behalf by.. and S Tait Tnjslee The notes on pages 10 10 16 form part of these financial slatements. Page 9

THE CHURCH IN READING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. General information

The Church is Reading is an unincorporated charity. The principal office address is 5 Kelburne Close, Winnersh, Wokingham, RG41 5JG.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Church in Reading meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustee in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.3 Income

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

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

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THE CHURCH IN READING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting policies (continued)

2.4 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Cash Flow

The financial statements do not include a statement of cash flows because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Statements 102.

3. Income from donations

Donations Total 2020	Restricted funds 2021 £ - 50	Unrestricted funds 2021 £ 42,649 45,109	Total funds 2021 £ 42,649 45,159	Total funds 2020 £ 45,159

4. Analysis of expenditure by activities

Promotion of the Christian Faith Total 2020	Activities undertaken directly 2021 £ 14,081 17,160	Grant funding of activities 2021 £ 960 250	Support costs 2021 £ 1,928 2,310	Total funds 2021 £ 16,969 19,720	Total funds 2020 £ 19,720

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THE CHURCH IN READING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

4. Analysis of expenditure by activities (continued)

Analysis of direct costs

Full time support Total 2020 Analysis of support costs Training Room hire Governance costs Total 2020	Promotion of the Christian Faith 2021 £ 14,081 17,160 Promotion of the Christian Faith 2021 £ - 523 1,405 1,928 2,310	Total funds 2021 £ 14,081 17,160 Total funds 2021 £ - 523 1,405 1,928 2,310	Total funds 2020 £ 17,160
			Total funds 2020 £ 195 941 1,174
			2,310

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THE CHURCH IN READING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

5. Analysis of grants

Grants to Institutions 2021 Grants to Individuals 2021 £ £ Grants 960 - Total 2020 - 250 Independent examiner's remuneration Fees payable to the charity's independent examiner for the independent examination of the charity's annual accounts	Total funds 2021 £ 960 250 2021 £ 1,405	Total funds 2020 £ 250
		2020 £ 1,020

6. Independent examiner's remuneration

7. Trustee's remuneration and expenses

During the year ended 31 December, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL) .

8. Debtors

Due within one year Other debtors Creditors: Amounts falling due within one year Accruals and deferred income	2021 £ 28,173 28,173 2021 £ 2,160	2020 £ 17,101
		17,101
		2020 £ 2,039

9. Creditors: Amounts falling due within one year

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THE CHURCH IN READING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

10. Statement of funds Statement of funds - current year

Balance at 1 January 2021 £ Unrestricted funds General Funds 40,353 Statement of funds - prior year Balance at 1 January 2020 £ Unrestricted funds General Funds 14,914 Restricted funds Bible Distribution - Total of funds 14,914	Income £ 42,649 Income £ 45,109 50 45,159	Expenditure £ Balance at 31 December 2021 £ (16,969) 66,033 Expenditure £ Balance at 31 December 2020 £ (19,670) 40,353 (50) - (19,720) 40,353

The Bible Distribution fund represents donations towards the costs of gospel activities and bible distribution.

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THE CHURCH IN READING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

11. Summary of funds

Summary of funds - current year

General funds Summary of funds - prior year General funds Restricted funds	Balance at 1 January 2021 £ 40,353 Balance at 1 January 2020 £ 14,914 - 14,914	Income £ 42,649 Income £ 45,109 50 45,159	Expenditure £ Balance at 31 December 2021 £ (16,969) 66,033 Expenditure £ Balance at 31 December 2020 £ (19,670) 40,353 (50) - (19,720) 40,353

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

Current assets Creditors due within one year Total	Unrestricted funds 2021 £ 68,193 (2,160) 66,033	Total funds 2021 £ 68,193 (2,160) 66,033

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THE CHURCH IN READING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

12. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Current assets Creditors due within one year Total	Unrestricted funds 2020 £ 42,392 (2,039) 40,353	Total funds 2020 £ 42,392 (2,039) 40,353

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