OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

REGISTERED COMPANY NUMBER: 05977250 (England and Wales) REGISTERED CHARITY NUMBER: 1116962

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Fareham Community Church

Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ

Fareham Community Church

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13 to 14
Notes to the Financial Statements 15 to 26
Detailed Statement of Financial Activities 27 to 28

Fareham Community Church

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).

OBJECTIVES AND ACTIVITIES Objectives and aims Review of the year

The trustees are pleased with how the charity has faced the unique challenges of the COVID Pandemic and adapted in order to continue meeting the charity's key objectives. Following the announcement of lockdown rules, our many face-to-face activities had to cease; such as Sunday church gatherings, life group meetings, the Ark toddler group, youth groups, schools work and the Café Imbizo. We are grateful for the way the charity immediately began using other contact models so that our key objectives could continue to be met. Our technical team, for example, put many hours of work into creating online worship and teaching videos each week, which were broadcast every Sunday morning on YouTube. Zoom gatherings became a regular feature of church life, providing fellowship on Sunday mornings and midweek homegroups and a Zoom Alpha Group was also run with great success. For the children, regular videos featuring the much-loved cow McAlister, were produced by our new children's worker. Following the purchase of video streaming equipment, and the gradual relaxation of lockdown rules, we transitioned to holding live, in-person, services for a limited number of people and streaming them on YouTube for those who couldn't attend.

Despite the considerable drop in rental income caused by the pandemic, we are glad to report that we reached the 31st March in a healthy financial position. This was in part due to the continued faithful financial support of church members, together with prudent care of our resources. At the year end, plans were beginning to be drawn up for building work that would merge the foyer and café area of the building, creating a larger area for socialising and events for local people.

Church members have also reached out to those in financial hardship by delivering food parcels while others have delivered Easter and Christmas presents to residents and staff at a number of care homes, as well as singing carols in the care home gardens.

The trustees are therefore happy that, despite the constraints of COVID, the charity has fulfilled its objectives during the year.

Objectives of the charity

The Charity is governed by a Memorandum and Articles of Association, in which its objectives are set out.

Objects:

When targeting our activities to meet these objectives, the Trustees have considered the Commission's guidance on public benefit and in particular the guidance for the advancement of religion. The Trustees note that:

Page 1

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES Significant activities Activities to advance the Christian faith

The Covid-19 Pandemic significantly restricted many areas of Fareham Community Church activities but also created opportunities for different ways of seeking to advance the Christian faith by going online. This is reflected in the activities in which Fareham Community Church engaged during 2020-2021.

a) Bible teaching

Throughout lockdown we continued with the previous year's teaching looking at the Judaeo-Christian meta-narrative of the Bible and how that understanding shapes the application of a specific passage to daily life. Specifically, we

After this we recognised the need for pastoral care and encouragement for the now extended congregation and provided teaching on

All of these latter teachings were backed up with studies in the small "Life Groups" which were run on-line using a variety of tools dependent on the needs and capabilities of the group members. These life groups provided a really effective way of providing communal prayer, study and pastoral care and support, and remained key place of connecting faith with everyday life for those growing in the Christian faith.

b) Youth and children's work

The Trustees are grateful to our Youth and Children's workers and volunteers who continued to impact the lives of many young people, through Christian education and social activities. These activities were all free of charge and open to young people both inside and outside the church.

Children's work during the year included:

Youth work:

This has been completely disrupted by the pandemic. The stress of connecting on-line via Zoom meetings for students has also made consistency of contact difficult. Both the Trustees and leadership are grateful for the efforts to adapt that the Youth worker and his team have made to continue to support the youth as much as possible in ways that are appropriate to their needs and situations. As part of adapting to the new situation, the following developments have occurred.

One to One Contact

In order to support the youth in the church and any needing it beyond the church, when permitted by legislation and guidelines, one to one outdoor support has been provided by the youth worker. This has taken the form of conversations during walks, cycle rides etc. carried out with the knowledge of the young person's responsible adult - and often at their request.

Page 2

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES Mid-week Groups

Over the last year we have not run any mid-week evening groups. Due to social distancing rules and a knock-on impact on volunteers, we have been unable to continue this work in person. However, we have run a regular on-line Zoom meeting which has enabled support and encouragement of the young people in their faith journeys to continue. The attendance has been patchy due to the prevalence of on-line learning making this a less desirable context for young people, but has provided indications of who might need emotional, mental or spiritual support by another means and permitted follow-up to happen. Attendees have included church and non-church youth.

Currently, we are looking at alternative ways of connecting with the youth as we come out of lockdown. One such idea that has been developed is for an after-school drop-in for those aged 11-18. It will run every Thursday term time from 3-4:30pm. This provides a vehicle for rebuilding contact with both the youth in the church and out in the local community after moving everything online during the pandemic.

Mentoring

Where social distancing has allowed, we have continued to mentor a select group of young people. We have also made big steps in developing this in order to reach a wider group. We have established a mentoring scheme seeking to cover a much broader range of young people. We currently have 9 mentors signed up to mentor young people. They have begun the enrolment process and will look to have their initial meetings with their young person in September 2021.

Online

We have continued to use our social media presence to remain in contact with our young people. We have also been putting out a variety of short videos around a wide range of topics to help encourage, educate and support our young people during the pandemic. Some of the more able of the young people have been encouraged to produce some of these enabling them to develop new skills and take steps towards caring for and supporting others.

Alongside this, new creative ways of connecting with youth such as an Instagram "Thought for the day" were developed - again involving the young people themselves!

Schools Work

During the last year we have continued our work in the schools. This has however, been very much dependant on the school's policy for external visitors, during the pandemic. We have continued to work in Cams Hill, Henry Cort and Fareham Academy, where we have been mentoring young people in both group and individual settings. The other 2 schools we were working in have had not been open to outside visitors.

Future Planning

In light of the proposed changes to the leadership structure at FCC, we have begun strategizing for the future, to ensure there is a consistent stream of engagement for the young people. The proposal is that the youth work will be broken up into sections and a leader will be allocated to each section. Each leader will then have oversight and support from the FCC leadership.

We are also planning for the new academic year and looking at ways of re-establishing our regular face to face contact that the pandemic has stopped.

FCC Church Experience Year

We have been working to establish a 'church experience Year' program for young people aged 18-24. We have one young person on the pilot scheme who will start on 2nd September 2021. He will be with us for an entire academic year and will support a variety of the ministries we have as a church, especially the youth work. Alongside his practical experience, we are also intending on giving time to his further training and development.

Page 3

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

c) Regular church meetings, home groups and prayer

Due to the restrictions resulting from the Covid Pandemic, the regular weekly church service moved on-line. The service initially took the form of pre-recorded worship, teaching and "children's slots", released on YouTube at a set time giving a sense of common activity and "normality". Alongside the "premier" a YouTube live chat was run to enabling live interaction between viewers. These videos typically had 70- 80 views throughout the "live" event and double that over time.This equated to more than the 140 regular attenders the church had prior to lockdown. We were delighted to discover these views included overseas viewers in Europe, Africa and India.

From October 2020 a similar format was live streamed but without a congregation. These had between 90 and 130 viewers of the live-stream and then others who watched at another time. Some of those who were watching the on-line services have joined the church some becoming followers of Jesus as part of their journey of faith.

During the last year, the real focus for church life moved from the Sunday service to smaller "Life Group" meetings, which were run on-line using a variety of tools dependent on the needs and capabilities of the group members. The numbers of people attending Life groups has increased throughout the year to around 115 people in 9 life Groups some of which will need to split as we start to come out of the Covid restriction regime Life groups have embedded the on-line teachings using questions provided by the speaker, study courses or specific training courses such as Freedom in Christ. The purpose has been to ground the teaching into everyday life and behaviours that align with orthodox Christian values and lifestyles.

Specific prayer meetings have continued on-line typically using Zoom-

The variety and frequency of opportunities to pray (which happens in all church meeting contexts) reflect that prayer is the foundation of what we do as a church.

d) Outreach

The trustees and leadership recognise that to promote Christianity in Fareham we need to find ways of meeting and serving people who otherwise would not connect with the church. This has been very limited by the pandemic as the following indicates

These were severely curtailed, this year. However, an online advent calendar featuring a range of content of Christian music, meditations, prayers, sacred poems as well as a some and fun seasonal poetry, videos and family activities was created and well received. We also produced an online Christmas Carol service streamed live from the King's Centre building which was watched by many who would have normally attended our carol service.

This men's ministry was still in its infancy when the pandemic struck, and it was put into "hibernation" for the year, although many of the men maintained good contact with each other and some sporadic on-line coffee times happened. These were limited by the effect of on-line weariness that developed as time went on.

Page 4

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

Alpha

Activities to support those in need, the aged and ill

a) Café Imbizo

The café was closed during lockdown, and a decision taken during the year that it should not be re-opened. Instead, the space will be opened out into the King's Centre lobby, creating a larger community space which has the capability to provide outreach and welcoming space for a wider section of the church and local community than Café Imbizo did. It was also noted that the Café had been facilitating unhealthy lifestyle continuation rather than change for the small number of people it had been reaching.

b) Use of The King's Centre to support local charities and agencies

However, the church continued to support some of the people in Fareham who are homeless. Specifically we have done this through the following:-

c) Use of The King's Centre to support local charities and agencies

Despite the pandemic, as well as being used to further the Christian faith, the King's Centre continued to provide provided office or meeting space to organisations with which we share common objectives. Although not all could continue to use the building, space was provided free of charge or at greatly reduced rates for some charities and community groups when they could. These groups included:

Page 5

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES d) Food Pantry

During the summer of 2020, an initiative was started out of the Cherish group members, providing food to those in need who were known to church members using the FareShare schemes run by local supermarkets. Initially this ran well but after around 2 months it became clear that the real need for this was dropping as lockdown was progressively lifted and income began to rise for the affected families. At this point the initiative was stopped as it was not serving its intended purpose.

e) Support of 3rd parties working outside the UK

Public benefit

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Volunteers

The Trustees of the Charity are very grateful to all the volunteers who helped the church to carry out its activities and fulfil its objectives over the year. Although the church is highly dependent on its volunteers to fulfil these objectives the total value of the volunteer's input has not been quantified.

Page 6

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

FINANCIAL REVIEW

Investment policy and objectives

In order to guide the investment strategy the board of Trustees has adopted the following objectives:

Income and Reserves

Operational income for the year was £174,248 (derived from donations, room hire income and the HMRC Job Retention scheme), a decrease of nearly £23,447 compared to the previous year. Lockdown restrictions led to a fall in room hire income of £33,500, while the closure of Café Imbizo also resulted in a loss of over £23,000 income compared to the previous year. However, these losses were offset by a remarkable increase in income from donations of £29,494 including Gift Aid. We also received nearly £6,000 from the HMRC Job retention scheme during the year.

The closure of the Café and a capital repayment mortgage holiday reduced our expenditure to £147,759 (£38,801 less than the previous year) and resulted in a year end operating profit of £26,489. This enabled us to maintain our Reserves at 2 months' worth of expenditure (£30,000) and increase our savings with a view to carrying out the proposed redevelopment of the entrance and Café space.

The trustees are happy that the charity has come through a year of COVID pandemic restrictions on a sound financial footing and have maintained our reserves in accordance with our reserves policy (see below).

Reserves policy

The charity held unrestricted reserves of £506,562 and restricted reserves of £85,435 at 31 March 2021

The Trustees have resolved to establish reserves to provide for future activities and to mitigate future risks. The Trustees wide powers of investment are carried out within the context of the statement of investment principles set out above. The policy on reserves is that the existing assets are retained to produce income, which is wholly utilised to support existing activities. A minimum level of reserves is set at two months' worth of expenses.

Property

The King's Centre , the home of Fareham Community Church, is a large, two story mortgaged premises on one of the shopping streets of Fareham. The building is a good source of rental income but also provides public benefit by the provision of meet ing space at a subsidised rate to organisations with similar objectives.

Plans are being drawn up to convert the Café space which occupies part of the frontage of the King's Centre, into a welcoming entrance and meeting space.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The Charity is a Company limited by guarantee as defined by the Companies Act 2006. It was formed 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 winding up, Members of the charity will be required to contribute up to a maximum of £10 each.

Recruitment and appointment of new trustees

New trustees can be recommended by both the Leadership Team and the Board of Trustees and are appointed by the Leadership Team. There are no third parties who can appoint trustees. Trustees are required to agree with the Statement of Faith set out in the Memorandum of Association. New trustees are appointed where they have the necessary skills to contribute to the charity's management and development. When new trustees are appointed, they are given an introduction to the work of the trustees and provided with a copy of the 'Essential Trustee' brochure.. They are also provided with additional training opportunities during the year.

Page 7

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

The Board of Trustees consists of members of Fareham Community Church and at least one representative from the Leadership Team. The Articles of Association allows one paid employee to be a Trustee, providing that paid member is employed as an elder of the church, although any such trustee shall not be involved in discussions involving staff salaries or other benefits. Early on in the year a trustee was employed as a full-time member of staff and subsequently resigned his trusteeship.

The Trustees are responsible for overseeing the Charity side of the life and work of the church. In addition to their statutory duties, the Trustees are responsible for ensuring that:

There is no fixed term for a trustee.

Leadership team

The Leadership team meet fortnightly to carry out the day-to-day management of the charity. They are also the Members of the Charity as required by the Articles of Association. During the year to 31.3.20 the Leadership Team consisted of:

Senior leaders

Richard and Caroline Wadsworth

Leadership team

Robin and Amanda Taylor Graham and Andi Clay Chris and Hannah Matthews Martin and Gabi Doyle

Page 8

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees of the charity are satisfied that the systems are in place to mitigate exposure to the major risks, which have been identified as follows:

The following framework is central to ensuring adequate risk assurance:

In assessing risk the Trustees recognise that some areas of the Charity's work requires the acceptance and management of risk if the Charity's key objectives are to be achieved.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05977250 (England and Wales)

Registered Charity number

1116962

Registered office

24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ

Trustees

F A Gouldstone Lsa C Matthews Engineer S Holmes Reward Analyst (resigned 8.3.21) E J Tutte Project Manager R Wadsworth Church Team Leader Z Derbak Senior finance officer (appointed 9.12.20)

S Fenner Pre sales technical marketing manager (appointed 9.12.20)

Page 9

Fareham Community Church

Report of the Trustees for the Year Ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Kate Wood FCCA, ACA Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ

Senior Leaders

Richard and Caroline Wadsworth

Bankers

Lloyds TSB Bank plc 43 West Street Fareham Hampshire PO16 0BE

Approved by order of the board of trustees on 4 November 2021 and signed on its behalf by:

F A Gouldstone - Trustee

Page 10

Independent Examiner's Report to the Trustees of Fareham Community Church

Independent examiner's report to the trustees of Fareham Community Church ('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:

  1. 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

  2. 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

  3. 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.

Kate Wood FCCA, ACA Johnston Wood Roach Limited 24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ

4 December 2021

Page 11

Fareham Community Church

Statement of Financial Activities for the Year Ended 31 March 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
150,958
Charitable activities
4
Support costs
5,908
Other trading activities
3
12,069
Total
168,935
EXPENDITURE ON
Charitable activities
5
Regular church activities and ministry
131,546
Support for the needy
4,505
Overseas mission
24,407
Support costs
1,294
Total
161,752
NET INCOME
7,183
RECONCILIATION OF FUNDS
Total funds brought forward
499,508
TOTAL FUNDS CARRIED FORWARD
506,691		 Restricted
funds
£
42,139
-
-
42,139
10,815
(75)
15,018
-
25,758
16,381
69,055
85,436		 31.3.21
Total
funds
£
193,097
5,908
12,069
211,074
142,361
4,430
39,425
1,294
187,510
23,564
568,563
592,127		 31.3.20
Total
funds
£
190,156
-
51,072
241,228
156,230
2,668
62,065
2,541
223,504
17,724
550,839
568,563

The notes form part of these financial statements

Page 12

Fareham Community Church

Balance Sheet
31 March 2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
599,605
Investments
12
1
599,606
CURRENT ASSETS
Debtors: amounts falling due within one year
13
2,877
Cash at bank and in hand
60,449
63,326
CREDITORS
Amounts falling due within one year
14
(20,152)
NET CURRENT ASSETS
43,174
TOTAL ASSETS LESS CURRENT
LIABILITIES
642,780
CREDITORS
Amounts falling due after more than one year
15
(136,088)
NET ASSETS
506,692		 Restricted
funds
£
65,440
-
65,440
-
19,995
19,995
-
19,995
85,435
-
85,435		 31.3.21
Total
funds
£
665,045
1
665,046
2,877
80,444
83,321
(20,152)
63,169
728,215
(136,088)
592,127		 31.3.20
Total
funds
£
677,280
1
677,281
5,626
48,288
53,914
(23,392)
30,522
707,803
(139,240)
568,563

The notes form part of these financial statements

continued...

Page 13

Fareham Community Church

Balance Sheet - continued 31 March 2021

Unrestricted
Restricted
fund
funds
Notes
£
£
FUNDS
18
Unrestricted funds:
General fund
Restricted funds:
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Youth Ferny Croft
Hardship Fund
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 31.3.21
Total
funds
£
506,692
65,440
353
239
1,500
-
337
-
-
1,576
2,582
4,794
246
2,407
-
1,065
809
1,250
2,837
85,435
592,127		 31.3.20
Total
funds
£
499,508
62,404
(23)
610
(300)
(1,252)
212
134
615
1,671
1,956
1,140
246
1,610
32
-
-
-
-
69,055
568,563

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

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 4 November 2021 and were signed on its behalf by:

F A Gouldstone - Trustee

The notes form part of these financial statements

Page 14

Fareham Community Church

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, with the exception of investments which are included at market value.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - 15% - 25% on reducing balance

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.

Page 15

continued...

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2.
DONATIONS AND LEGACIES
Gifts
Donations and legacies
Gift aid
3.
OTHER TRADING ACTIVITIES
Rental income
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Support costs
Grants received, included in the above, are as follows:
Grant
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Regular church activities and ministry
78,031
Support for the needy
2,344
Overseas mission
21,450
Support costs
1,271
103,096
6.
SUPPORT COSTS
Management
£
Regular church activities and ministry
-
Support for the needy
-
Overseas mission
-
Support costs
22
22		 31.3.21
£
(1)
163,382
29,716
193,097
31.3.21
£
12,069
31.3.21
£
5,908
31.3.21
£
5,908
Support
costs (see
note 6)
£
64,330
2,086
17,975
23
84,414
Other
£
64,330
2,086
17,975
1
84,392		 31.3.20
£
(5)
164,943
25,218
190,156
31.3.20
£
51,072
31.3.20
£
-
31.3.20
£
-
Totals
£
142,361
4,430
39,425
1,294
187,510
Totals
£
64,330
2,086
17,975
23
84,414

Page 16

continued...

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Support costs, included in the above, are as follows:
Regular
church
activities Support
and for the Overseas
ministry needy mission
£ £ £
Sundries - - -
Wages 34,895 1,130 9,749
Rates and water 925 30 258
Insurance 1,149 37 321
Light and heat 1,863 60 521
Telephone 744 24 208
Cleaning and consumables 892 29 250
Other premises expenses 672 22 188
Refreshments 16 1 5
Printing, postage & stationery 1,948 63 544
Repairs and maintenance 5,666 184 1,583
Accountancy 1,189 39 332
Legal and professional 801 26 224
Depreciation of tangible fixed assets 10,065 327 2,812
Interest payable and sim chs 3,505 114 980
64,330 2,086 17,975
31.3.21 31.3.20
Support Total Total
costs activities activities
£ £ £
Sundries 22 22 79
Wages - 45,774 45,767
Rates and water - 1,213 733
Insurance - 1,507 2,129
Light and heat - 2,444 5,565
Telephone - 976 969
Cleaning and consumables - 1,171 1,373
Other premises expenses - 882 385
Refreshments - 22 1,178
Printing, postage & stationery - 2,555 2,465
Repairs and maintenance - 7,433 8,886
Accountancy - 1,560 1,500
Legal and professional - 1,051 894
Depreciation of tangible fixed assets 1 13,205 13,498
Interest payable and sim chs - 4,599 6,074
23 84,414 91,495

continued...

Page 17

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.21 31.3.20
£ £
Depreciation - owned assets 13,204 13,498

8. TRUSTEES' REMUNERATION AND BENEFITS

During the year £25,000 of remunerations (2020 - £25,000) were paid to the trustees.

Trustees' expenses

Reimbursements and travel costs amounting to £228 (2020 - £80) were reimbursed to the trustees.

9. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Support staff
Church activities
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
153,624
Other trading activities
51,072
Total
204,696
EXPENDITURE ON
Charitable activities
Regular church activities and ministry
130,461
Support for the needy
2,648
Overseas mission
52,434
Support costs
2,541
Total
188,084		 31.3.21
£
101,259
4,340
105,599
31.3.21
5
3
8
Restricted
funds
£
36,532
-
36,532
25,769
20
9,631
-
35,420		 31.3.20
£
107,972
1,725
109,697
31.3.20
4
4
8
Total
funds
£
190,156
51,072
241,228
156,230
2,668
62,065
2,541
223,504

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 18

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL COMPARATIVES FOR THE STATEMENT OF FINANCIAL COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
NET INCOME 16,612 1,112 17,724
RECONCILIATION OF FUNDS
Total funds brought forward 482,895 67,944 550,839
TOTAL FUNDS CARRIED FORWARD 499,507 69,056 568,563
11. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Equipment fittings Totals
£ £ £ £
COST
At 1 April 2020 778,510 61,521 36,747 876,778
Additions - 969 - 969
At 31 March 2021 778,510 62,490 36,747 877,747
DEPRECIATION
At 1 April 2020 112,790 51,788 34,920 199,498
Charge for year 11,321 1,609 274 13,204
At 31 March 2021 124,111 53,397 35,194 212,702
NET BOOK VALUE
At 31 March 2021 654,399 9,093 1,553 665,045
At 31 March 2020 665,720 9,733 1,827 677,280
12. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2020 and 31 March 2021 1
NET BOOK VALUE
At 31 March 2021 1
At 31 March 2020 1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

continued...

Page 19

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. FIXED ASSET INVESTMENTS - continued

Café iMBiZO Limited

Café iMBiZO Limited
Registered office:
Nature of business: Café
%
Class of share: holding
Ordinary 100
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21
£
Trade debtors
1,584
Gift aid receivable
1,293
2,877
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21
£
Bank loans and overdrafts (see note 16)
17,520
Trade creditors
125
Social security and other taxes
1,007
Net wages
-
Accrued expenses
1,500
20,152
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21
£
Bank loans (see note 16)
136,088
16.
LOANS
An analysis of the maturity of loans is given below:
31.3.21
£
Amounts falling due within one year on demand:
Bank overdrafts
-
Bank loans
17,520
17,520
Amounts falling between one and two years:
Bank loans - 1-2 years
35,040
Amounts falling due between two and five years:
Bank loans - 2-5 years
52,560
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
48,488		 31.3.20
£
3,574
2,052
5,626
31.3.20
£
20,759
-
1,083
108
1,442
23,392
31.3.20
£
139,240		 31.3.20
£
3,574
2,052
5,626
31.3.20
£
20,759
-
1,083
108
1,442
23,392
31.3.20
£
139,240
31.3.20
£
3,239
17,520
20,759
35,040
52,560
51,640
20,759
35,040
52,560
51,640

continued...

Page 20

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

17. SECURED DEBTS

The following secured debts are included within creditors:

Bank overdrafts
Bank loans		 31.3.21
£
-
153,608
153,608		 31.3.20
£
3,239
156,760
159,999

Amounts included within bank loans and overdrafts relate to loans with Lloyds TSB and are secured by a mortgage charge dated 11 June 2007 and a charge dated 1 June 2011 on all of the fixed assets of the charity.

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Youth Ferny Croft
Hardship Fund
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 At 1.4.20
£
499,508
62,404
(23)
610
(300)
(1,252)
212
134
615
1,671
1,956
1,140
246
1,610
32
-
-
-
-
69,055
568,563		 Net
movement
in funds
£
7,184
3,036
376
(371)
1,800
1,252
125
(134)
(615)
(95)
626
3,654
-
797
(32)
1,065
809
1,250
2,837
16,380
23,564		 At
31.3.21
£
506,692
65,440
353
239
1,500
-
337
-
-
1,576
2,582
4,794
246
2,407
-
1,065
809
1,250
2,837
85,435
592,127

continued...

Page 21

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Youth Mission 2020
Youth Ferny Croft
Hardship Fund
Westbourne Grove
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 Incoming
resources
£
168,935
-
15,291
292
1,800
2,002
125
-
-
-
3,150
4,154
3,085
65
1,065
5,013
1,000
2,000
3,097
42,139
211,074		 Resources
Movement
expended
in funds
£
£
(161,751)
7,184
3,036
3,036
(14,915)
376
(663)
(371)
-
1,800
(750)
1,252
-
125
(134)
(134)
(615)
(615)
(95)
(95)
(2,524)
626
(500)
3,654
(2,288)
797
(97)
(32)
-
1,065
(5,013)
-
(191)
809
(750)
1,250
(260)
2,837
(25,759)
16,380
(187,510)
23,564

continued...

Page 22

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Youth Ferny Croft
TOTAL FUNDS		 At 1.4.19
£
482,895
63,964
-
494
-
1,000
179
412
615
1,280
-
-
-
-
-
67,944
550,839		 Net
movement
in funds
£
16,613
(1,560)
(23)
116
(300)
(2,252)
33
(278)
-
391
1,956
1,140
246
1,610
32
1,111
17,724		 At
31.3.20
£
499,508
62,404
(23)
610
(300)
(1,252)
212
134
615
1,671
1,956
1,140
246
1,610
32
69,055
568,563

continued...

Page 23

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Youth Ferny Croft
TOTAL FUNDS		 Incoming
resources
£
204,696
-
9,140
822
3,300
13,478
33
-
644
2,915
1,140
994
3,586
480
36,532
241,228		 Resources
Movement
expended
in funds
£
£
(188,083)
16,613
(1,560)
(1,560)
(9,163)
(23)
(706)
116
(3,600)
(300)
(15,730)
(2,252)
-
33
(278)
(278)
(253)
391
(959)
1,956
-
1,140
(748)
246
(1,976)
1,610
(448)
32
(35,421)
1,111
(223,504)
17,724

continued...

Page 24

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Hardship Fund
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 At 1.4.19
£
482,895
63,964
-
494
-
1,000
179
412
615
1,280
-
-
-
-
-
-
-
-
67,944
550,839		 Net
movement
in funds
£
23,797
1,476
353
(255)
1,500
(1,000)
158
(412)
(615)
296
2,582
4,794
246
2,407
1,065
809
1,250
2,837
17,491
41,288		 At
31.3.21
£
506,692
65,440
353
239
1,500
-
337
-
-
1,576
2,582
4,794
246
2,407
1,065
809
1,250
2,837
85,435
592,127

Page 25

continued...

Fareham Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

18. 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:

Unrestricted funds
General fund
Restricted funds
Building grants
Albania School of Light
Hampers
India support
Albania - Wakeley Support
School on site project
Turbocam Gift
Nationwide Kitchen Fund
The Ark
Rear Stairwell Service Charge & Sinking
Fund
Building Refurbishment Fund
Sierra Leone Shoe Box Project
Youth Mission 2020
Youth Ferny Croft
Hardship Fund
Westbourne Grove
Pastoral Care
Giving Team
Fareshare
TOTAL FUNDS		 Incoming
resources
£
373,631
-
24,431
1,114
5,100
15,480
158
-
-
644
6,065
5,294
994
6,671
545
1,065
5,013
1,000
2,000
3,097
78,671
452,302		 Resources
Movement
expended
in funds
£
£
(349,834)
23,797
1,476
1,476
(24,078)
353
(1,369)
(255)
(3,600)
1,500
(16,480)
(1,000)
-
158
(412)
(412)
(615)
(615)
(348)
296
(3,483)
2,582
(500)
4,794
(748)
246
(4,264)
2,407
(545)
-
-
1,065
(5,013)
-
(191)
809
(750)
1,250
(260)
2,837
(61,180)
17,491
(411,014)
41,288

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

20. PURPOSES OF RESTRICTED FUNDS

The purposes of the restricted funds are as follows:

Hampers - provision of a Christmas hamper to local people in need

Ian Goater - support of Ian, a member of the congregation currently working with the organisation YWAM on mission abroad

Albania - Wakeley Support - support of Nick and Sar Wakeley who work with the community in Elbasan, Albania.

Albania - Lirie Support - Supporting Lirie who became a widow a couple of years ago and her children.

Building grants - donations are received for specifically maintaining or developing the building.

Soul Survivor - a summer camp of bible teachings run for teenagers.

Page 26

Fareham Community Church

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts (1) (5)
Donations and legacies 163,382 164,943
Gift aid 29,716 25,218
193,097 190,156
Other trading activities
Rental income 12,069 51,072
Charitable activities
Grants 5,908 -
Total incoming resources 211,074 241,228
EXPENDITURE
Charitable activities
Wages 55,485 62,205
Pensions 4,340 1,725
Sundries 21 2,483
Training 1,255 1,976
External support - Social concern 15,367 5,692
External support - Churches Together in Farnham 170 340
Social activities - 202
Youth and children's work 1,614 9,959
Tapes and literature 467 181
Evangelism 427 271
Other support gifts 3,093 1,778
Albania/Kosovo 18,065 28,043
India 2,792 6,112
Sierra Leone - 748
Cafe Imbizo - 10,294
103,096 132,009
Support costs
Management
Sundries 22 79
Other
Wages 45,774 45,767
Rates and water 1,213 733
Insurance 1,507 2,129
Light and heat 2,444 5,565
Telephone 976 969
Cleaning and consumables 1,171 1,373
Carried forward 53,085 56,536

This page does not form part of the statutory financial statements

Page 27

Fareham Community Church

Other
Brought forward
Other premises expenses
Refreshments
Printing, postage & stationery
Repairs and maintenance
Accountancy
Legal and professional
Depreciation of tangible fixed assets
Bank interest
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21
31.3.20
£
£
53,085
56,536
882
385
22
1,178
2,555
2,465
7,433
8,886
1,560
1,500
1,051
894
13,205
13,498
4,599
6,074
84,392
91,416
187,510
223,504
23,564
17,724		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21
31.3.20
£
£
53,085
56,536
882
385
22
1,178
2,555
2,465
7,433
8,886
1,560
1,500
1,051
894
13,205
13,498
4,599
6,074
84,392
91,416
187,510
223,504
23,564
17,724
91,416
223,504
17,724

This page does not form part of the statutory financial statements

Page 28