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: 05986749 (England and Wales) REGISTERED CHARITY NUMBER: 1119240

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Everyday Champions Centre

Willsons Chartered Accountants Carlton House High Street Higham Ferrers Northamptonshire NN10 8BW

Everyday Champions Centre

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

Page
Reference and Administrative Details 1
Chief Vision Officer Report - G Morgan 2 to 3
Report of the Trustees 4 to 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14 to 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 29
Detailed Statement of Financial Activities 30 to 31

Everyday Champions Centre

Reference and Administrative Details for the Year Ended 31 March 2021

TRUSTEES Dr A Davies Academic Director At University L R Button Director S P Gill Director M J Sivers Mrs K A Poucher Teacher COMPANY SECRETARY M J Sivers REGISTERED OFFICE Jessop Close Brunel Business Park Newark NG24 2AG REGISTERED COMPANY 05986749 (England and Wales) NUMBER REGISTERED CHARITY 1119240 NUMBER INDEPENDENT EXAMINER Willsons Chartered Accountants Carlton House High Street Higham Ferrers Northamptonshire NN10 8BW

Page 1

Everyday Champions Centre

- Chief Vision Officer Report G Morgan for the Year Ended 31 March 2021

I am pleased to be able to submit this report after the upheaval and uncertainty of a year like no other in the history of our church or indeed country. When the pandemic began to significantly affect how we operated as a church in March 2020 we knew two things:

i) Support & Protect. We had to think differently in how we continued to fulfil our objectives as a church and charity, supporting our staff and church members and whilst keeping everyone safe.

ii) Adapt & Innovate . After we held the final in-person gathering on March 16th 2020 before lockdown we knew that many of the convictions regarding adapting for a new social norm could be acted upon.

Support & Protect

With the reliance upon technology becoming the norm for people of all ages, this would grant us the opportunity to support those who were shielding, living alone and those cut off from local support. We had so many messages, emails and calls thanking us for the online provision that we committed to when we went into lockdown. Our commitment for the duration of the first lockdown was to provide online content live every day. With the exception of some Saturdays, we were able to learn how to connect people online in numerous ways so that there was consistent contact. This provided opportunity for spiritual and emotional support as well as mental health support during an extremely challenging people.

Our pastoral staff did a fantastic job along with our circle coaches of phoning people and offering support in the form of prayer and practical help such as shopping and supplies.

Our staff were equipped to work from home and since we have always relied upon remote working being a multi-site operation, this was easily carried out and kept everyone protected and safe.

During the following months we worked hard to protect jobs. We took advantage of the various grants and job retention scheme across our businesses and church workers to keep people in those jobs we knew would eventually start back up. In October and November we had to make several roles redundant as the first furlough scheme came to an end. At this point the future of the conferencing and café businesses were uncertain and with no vaccine available at this point we were unsure as to whether we would be able to open these businesses at all in the future. Therefore to protect the charity these difficult decisions had to be made and our buildings were effectively mothballed and not used for community/business activities.

During this time we worked hard and prayed that we would make wise choices that would ensure that we not only survived this crisis but would move into a new phase of growth.

Adapt & Innovate

The COVID 19 crisis created the need for organisational restructuring and had created both the demand and timely necessity to simplify and and refocus where we place our resource and efforts.

We had a window of opportunity to position ourselves in a place of strength for many years to come and to embrace the 'new thing' we believed God was doing.

On Sunday January 3rd 2021 we felt in a position to bring clarity to the church based on what we knew at the time. I delivered an update to the church which can be summarised as follows:

What we know about the future of EC:

Page 2

Everyday Champions Centre

What we don't know:

We hadn't taken a vision/impact offering in 2020 as we didn't feel the time was right. On this day we announced that we would receive an offering that would be for the purposes of investing in online/media broadcasting. This would help us fulfil our objectives in new and expansive ways.

The vision was received with excitement and enthusiasm and was consistent with what we have been saying for many years. The big difference being that people now see HOW operating in the 'new norm' can help us to achieve our outcomes greater than before:

Our outcomes remained to see each man, woman boy and girl growing and demonstrate and experience these qualities:

MiY Greenwich

Up until the pandemic the MiY Greenwich facility had reached break even point in its activity and income to sustain its growth into the future. Like the conferencing and café businesses it was unclear whether it would be months, a year or years before something like this could operate again. We knew that this was a time to act on what we did know as it became that the shift emerging with the pandemic would change everything for ever.

As a family we made the decision to re-locate from London to Newark and decided to close the Greenwich building. We needed to re-focus our resources and people on the 'new way' of approaching our unchanging mission. We felt by re-positioning ourselves in Newark we would be closer to our most effective resources to centrally deliver the outcomes we wanted to achieve. Our 'church was now where our people were not where our buildings were' so the congregation would continue to be made up of people from across London, Newark/Nottinghamshire and Wellingborough but now would go even further but a new way of congregating was starting to emerge and even now as I write late into 2021 this is continuing to evolve.

Fresh confidence in uncertain times

At the time of writing we continue to work through the process of re-imagining how we operate as church and seek to build new and strong foundations in all areas that will enable us to build with strength in the decades to come.

We concluded the 2021 financial year starting to emerge from the third lockdown. We emerge healthier in every way and whilst much uncertainty still remains, our confidence is renewed that the best is yet to come for the people in our church and those people in our many communities we will go on to serve.

I want to put on record my thanks to our directors, leaders, staff and church members for all the support and selfless sacrifice that has been made over this testing period. Both Leanne and I and our family are grateful to God for you all.

Page 3

Everyday Champions Centre

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

Each of the objectives of the charity apply in such parts of the United Kingdom or the world as the directors from time to time may think fit.

In practice at the moment this is in Newark in Nottinghamshire, Wellingborough in Northamptonshire, and Greenwich in London.

The objectives are to:

Significant activities

Opening Statement

Everyday Champions seek to offer anyone an opportunity to be part of a welcoming and vibrant church community. We aim to provide activities that every age group can benefit from, where they can access friendship, an opportunity to understand the Christian faith, to access pastoral care, and practical help and support. We aim to ensure that all our members are a contributing part of accomplishing our vision, and we invest in training and equipping them to love and serve our communities. We champion new initiatives and projects that further our vision, which is to connect people to God, community and purpose.

Heading into this financial year no one could have predicted what we were all about to walk into. The entire world faced a global pandemic. Territory that we have never been in before. Although as a collective and as individuals we have faced heartbreak during this season, it is safe to say God has moved through His church and we have been able to help and support so many through this season.

Since the pandemic we have significantly invested in our online resources allowing anyone to access all content tailored to their demographic. We have been able to provide children's work online, Adult content, youth content and reach out to the local community. Some of those who have reflected this back to us do not profess to be Christians. We value contributing to the lives of people who have a faith or none and it is in alignment with our desire as a church and organisation to be inclusive.

During this year we were able to implement new ideas and initiate programmes to help people stay connected in a time where social distancing was at its highest. The world was telling people to keep away from each other but with the help of technology we were able to help people feel part of a family like never before. The principles that we have outworked over the last year have never been a reaction to covid but more of an acceleration of something we always felt needed to happen.

We wanted to provide something everyday for people to get involved with, to help them in this uncertain time and to help people through this season full of faith and not fear.

Early on in the pandemic we began to describe ourselves as a Global family online, serving local people in the name of Jesus . In this report we will use this statement to tell the story of our reach and impact this year.

Page 4

Everyday Champions Centre

Report of the Trustees for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning the future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives that have been set as explained below.

Page 5

Everyday Champions Centre

for the Year Ended 31 March 2021

Report of the Trustees

ACHIEVEMENT AND PERFORMANCE Charitable activities We are a Global Family Online...

We have worked hard on creating a family online, not just followers. During every one of our broadcasts the chat feature has been in constant use! There has been both hard data, facts and figures, as well as soft data such as people's experiences and stories, that show significant growth and effectiveness in our online platform.

Whilst digital statistics often do not give a fully accurate picture of engagement, they are an indicator to pay attention to. Since launching Everyday Champions online we have had:

As you can see, we saw considerable growth in online subscribers, forming a digital 'crowd' of Everyday Champions. At present we have the following:

From the beginning of lockdown we did not just want to replace a physical Sunday gathering with an online replacement. Instead we worked to create an online presence and conversation that people could engage in everyday. We did this throughout lockdown, and then adapted the frequency as the COVID guidelines began to shift. These everyday streams consisted of the following:

  1. Gathered Live - This was the immediate replacement for the weekly big gathering. Since beginning it has evolved and changed to consistently serve the vision and the season.

  2. The Conversation - A chance to listen to our Lead Pastor hosting a conversation with one of our community leads and unpacking the message we had listened to the day before.

  3. The Real You - A women's ministry where our Senior Pastor encouraged and helped us to walk this new season we found ourselves in.

  4. Circles - Content is streamed to equip people to walk in their faith using accountability and goal setting.

  5. EC Prays - A time to come together online and pray for each other as well as the pandemic, world leaders and churches across the globe.

  6. EC Youth - An online programme to engage youth from school years 7-13.

  7. EC Devs & Breakfast Takeaways - Morning devotions to help people in their Christian walk.

  8. Champion Kids - A mix of fresh hosting and pre-recorded teaching to ensure our children from school years reception to year 6 were served online as well.

Every one of the streams created a great sense of family, mainly through live interactions and effective utilisation of the chat function across different platforms.

Serving Local People...

Whilst launching and growing the 'global family online', we also worked to physically serve local people throughout the year, in order to achieve our aims and objectives.. Firstly, we continued to partner with global and local charities to help with the relief of sickness and financial hardship and to promote and preserve health. The charities we partnered with included the following:

Page 6

Everyday Champions Centre

Report of the Trustees

for the Year Ended 31 March 2021

As well as working with global charities, we partnered with and set up local initiatives to further achieve our objectives. At the beginning of the pandemic we established EC Essentials, with the goal of being able to serve, love and provide for the most vulnerable during this time. Members of Everyday Champions contributed 'essential' items into physical drop off points located in Wellingborough and Newark. These items were then made into bespoke parcels and delivered wherever and whenever they were needed. Along with essential items, people could also donate money which could be used for needs such as gas and electricity. This was a hugely successful initiative, here are some of the ways that Everyday Champions made a difference to local people through EC Essentials:

Another local partnership was formed through the work of EC* Essentials and a member of Everyday Champions. This was with the Northants African Community Project, who formed to help and serve vulnerable BAME families in Northamptonshire.

Through this partnership with NACP we were able to provide for 2 families in Wellingborough and we were also able to provide 2 car loads of supplies which were distributed throughout the surrounding area by NACP.

Secondly, we look to serve local people in the name of Jesus through the advancement of education. This year, due to the pandemic, we were unable to offer the employment and volunteering opportunities to people, especially secondary school students, that we normally would. However, we were still able to have a big impact on education. This was achieved through three main ways.

Page 7

Everyday Champions Centre

Report of the Trustees for the Year Ended 31 March 2021

Little Champs Pre-School and Day Nursery

Little Champs Pre-School and Day Nursery operates in Wellingborough, providing care and education for children aged up to 8 years old.

This year was a defining year for the nursery. We attempted to keep the nursery running for as long as possible before restrictions required us to lockdown. Throughout this period we kept in touch with parents and sought to provide child care for those in front line services.

Eventually when the nursery was able to fully open we were able to restore the service utilising the job retention scheme as numbers of children began to increase.

In November of 2020 discussions began regarding the long-term future of the nursery. The level of investment and focus required to move the Nursery from the good level we had achieved was going to be significant. The lockdown period enabled us to reflect on our core goals and objectives for the future. During this period we had discussions with Welcome Nurseries who were a growing chain of child care provisions across the country. Eventually we concluded that the level of focus and investment required could be delivered by this group and that this would ultimately benefit the stakeholders of the nursery, both families and the local community.

On June 1st 2021 the nursery fully transitioned to Welcome Nurseries. We placed on record at an in person meeting and to all parents via letter our deep thanks and gratitude for all those who have supported the nursery over the 30+ years of it being up and running.

Local Schools Work

We have strong links with local schools in the Wellingborough and Newark areas. In Wellingborough our Lead Pastor serve as a Foundation Governor at a local school with the responsibility of being RE governor. This role involves working with staff and governors to help keep the Christian ethos strong throughout the school. Within this same school we were able to film sections of an RE lesson and provide several assemblies via Zoom. These went down very well with children, parents, and staff.

ECYTH (Everyday Champions Youth) has had the opportunity to minister to a local secondary school called Magnus Academy. We have been able to do this by providing a number of pre-recorded acts of worship that have been shown to all school years. These received well by both students and staff. The ECYTH team have also help to run the Christian Union in the school which is called HOPE. Hope is an environment where students can ask big questions to explore faith as well as grow in a sense of family and community. In these sessions ECYTH have been able to share testimonies and pray with small groups of students. Through this link with Magnus ECYTH has team members on the Chaplaincy Team at the school that play a part in shaping and driving the Christian ethos within the school.

In the name of Jesus...

At the heart of every activity that we undertake is the desire to see the name of Jesus glorified! Through all that we do we want to see people connect to Jesus, to family and to purpose.

Gathered Live

Every week content is created that enables children, young people and adults to have a sense to belong, believe and become.

Belong: An inclusive environment that aims to be relevant and accessible to those of the Christian faith and those who are undecided.

Believe: A learning environment where people of all ages can explore the Christian faith Become: An aspirational environment where people are encouraged to unlock their God-given potential.

The central point for the whole family is Everyday Champions Live. An opportunity for people to learn, pray, take communion and hear teaching that will empower them to live a strong life built on Christian truths. For this year we have run all of this online with approximately 95% being live and 5% pre-recorded.

Page 8

Everyday Champions Centre

Report of the Trustees for the Year Ended 31 March 2021

Each week approximately 250 people engage with this point of connection.

Circles

One of the key strategies for building the core of the church and preparing for us to have a scalable way for the church to grow without being contained by buildings is our Coaching Circles.

This last year we have seen encouraging growth in Circles, both numerically and also in their impact. We averaged 110 people across 18 Circles (not including youth circles). We began to measure engagement (attendance to Zoom calls) rather than just sign ups. In this we have seen an engagement increase of 36% over the year.

EC Prays

Throughout the last year EC Prays has become a key gather point for the church. We ran 'EC Prays Live' on Youtube one week, followed by 'EC Prays on Zoom' the next week, this pattern then repeated itself to form a weekly rhythm of gathering to pray. We averaged 25 live viewers, who were interactive the the chat, on our YouTube streams and we averaged 18 attendees to EC Prays on Zoom.

We ran three seasons of prayer and fasting in the past year:

Everyday Champions Operations Management

We continue to employ a company providing business service support, with expertise in employment law and health and safety. This maintains standards and consistency, and provides a resource for all managers to access master documents, up to date policies and procedures, and guidance documents.

Book keeping, payroll, and financial reporting continue to be outsourced helping us to better manage both human and financial resource.

Safeguarding

Although opportunities for volunteering this last year has been significantly reduced, all new volunteers have had DBS checks where relevant, all existing volunteers have current DBS checks where relevant. Online safeguarding training has been purchased for all relevant staff and volunteers.

We have successfully addressed safeguarding concerns that have arisen. We still employ CCPAS as our advisory service in the area of safeguarding. Training and volunteering opportunities

For those volunteering, we continue to provide supervision, personal coaching, training, to enable them to volunteer and to develop in their skills and experience.

We have accommodated people of all ages completing work experience in a variety of areas within the organisation.

Conclusion

Despite a tough year for everyone we would label this year positively significant! We have taken consistent steps forward and have enjoyed the process of innovation. We have simplified in many areas which has brought more margin and focus as we seek to see more impact through us as a church and a charity.

Page 9

Everyday Champions Centre

for the Year Ended 31 March 2021

Report of the Trustees

FINANCIAL REVIEW

Financial position

Financial position Everyday Champion Centre in the year to 31 March 2021 had unrestricted net surplus of £54,751 before any transfers. The charity's unrestricted reserves position has increased to £1,279,542, of which reserves relating to tangible fixed assets less associated loans are £872,772 and long-term debtors are £354,154. This reserves position is discussed further in the Reserves Policy section below.

Reserves policy

Everyday Champions Centre is currently dependent on grants and donations to sustain its activities, as earned income alone would not allow the charity to continue operating.

To avoid closure if funding difficulties were to arise, the trustees have agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period.

The main concerns of the trustees are to ensure:

-that staff can continue working, primarily to secure new funding;

Excluding tangible fixed assets, whose disposal would adversely impact the charity's ability to deliver its aims, associated lending and long-term debtors, unrestricted reserves at 31 March 2021 amounted to £52,616.

We have not reached the level of reserves we want in place, which is 25% of our annual income, we have not achieved this. We have plans in place to increase our reserves in the next financial year.

As we close out this financial year, we believe that the changes brought about by the global pandemic will allow opportunity for fresh innovation and streamlining of focus that will have a positive financial impact on both income and expenditure.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the approval date of these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

FUTURE PLANS

As mentioned in the CVO report, we are working across all areas to adapt and innovate so that our organisation and ministry provision and systems are fit for purpose and can expand with future growth. At the time of writing we are working on the implementation of...

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 10

Everyday Champions Centre

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Charity constitution

The charity is a company limited by guarantee and a registered charity. It is operated under the rules of its Memorandum and Articles of association dated 2 November 2006 and most recently amended 10 September 2010. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and appointment of new trustees

We continue to look for additional support for the management of the charity at Board level with additional trustees as well as developing a strong management team. This team will enable us to deliver clear reports that better inform decision making.

We have continued to employed the services of business consultants to advise us in the areas of health and safety law, and employment law.

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.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

20/12/2021

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

M J Sivers - Trustee

Page 11

Independent Examiner's Report to the Trustees of Everyday Champions Centre

Independent examiner's report to the trustees of Everyday Champions Centre ('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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

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.

Craig Baird, FCA ICAEW Willsons Chartered Accountants Carlton House High Street Higham Ferrers Northamptonshire NN10 8BW

Date: .............................................

Page 12

Everyday Champions Centre

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Charitable activities undertaken directly
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Charitable activities undertaken directly
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
375,036
273,610
-
20,104
668,750
108
613,891
-
613,999
54,751
1,224,791
1,279,542		 Restricted
funds
£
-
-
-
-
-
-
496
-
496
(496)
496
-		 31.3.21
Total
funds
£
375,036
273,610
-
20,104
668,750
108
614,387
-
614,495
54,255
1,225,287
1,279,542		 31.3.20
Total
funds
£
355,604
340,523
2,949
24,973
724,049
-
642,421
12,045
654,466
69,583
1,155,704
1,225,287

The notes form part of these financial statements

Page 13

Everyday Champions Centre

Balance Sheet

31 March 2021

Notes
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Debtors
16
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
18
NET ASSETS
FUNDS
21
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,968,420
1,002
1,969,422
383,352
113,196
496,548
(129,745)
366,803
2,336,225
(1,056,683)
1,279,542		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-		 31.3.21
Total
funds
£
1,968,420
1,002
1,969,422
383,352
113,196
496,548
(129,745)
366,803
2,336,225
(1,056,683)
1,279,542
1,279,542
-
1,279,542		 31.3.20
Total
funds
£
1,976,453
1,003
1,977,456
393,922
34,762
428,684
(81,956)
346,728
2,324,184
(1,098,897)
1,225,287
1,224,791
496
1,225,287

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

The notes form part of these financial statements

continued...

Page 14

Everyday Champions Centre

Balance Sheet - continued 31 March 2021

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 ............................................. and were signed on its behalf by: 20/12/2021

............................................. M J Sivers - Trustee

The notes form part of these financial statements

Page 15

Everyday Champions Centre

Cash Flow Statement for the Year Ended 31 March 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Inter company debts
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.3.21
£
110,953
(27,985)
82,968
(3,402)
-
9
(3,393)
50,000
(49,969)
(1,172)
(1,141)
78,434
34,762
113,196		 31.3.20
£
117,004
(47,972)
69,032
-
2,204
6
2,210
-
(122,177)
19,921
(102,256)
(31,014)
65,776
34,762

The notes form part of these financial statements

Page 16

Everyday Champions Centre

Notes to the Cash Flow Statement for the Year Ended 31 March 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.3.21 31.3.20
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 54,255 69,583
Adjustments for:
Depreciation charges 11,435 12,908
Profit on disposal of fixed assets - (2,204)
Interest received (9) (6)
Interest paid 27,985 47,972
Decrease/(increase) in debtors 11,742 (10,948)
Increase/(decrease) in creditors 5,545 (301)
Net cash provided by operations 110,953 117,004
2. ANALYSIS OF CHANGES IN NET DEBT
At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank and in hand 34,762 78,434 113,196
34,762 78,434 113,196
Debt
Debts falling due within 1 year (47,722) (42,244) (89,966)
Debts falling due after 1 year (1,098,897) 42,214 (1,056,683)
(1,146,619) (30) (1,146,649)
Total (1,111,857) 78,404 (1,033,453)

The notes form part of these financial statements

Page 17

Everyday Champions Centre

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, as modified by the revaluation of certain assets.

Everyday Champions Centre is a company limited by guarantee in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity's operations and principal activities are detailed in the trustees report.

Preparation of consolidated financial statements

The financial statements contain information about Everyday Champions Centre as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

The following specific policies are applied to particular categories of income: For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item.

Income from trading activities includes income earned from rental income, fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

The charity receives government grants in respect of operation requirements. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Income from investments is included in the year in which it is receivable.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

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.

It is categorised under the following headings: Costs of raising funds includes the costs associated with attracting voluntary income and the costs of trading for fundraising purposes;

continued...

Page 18

Everyday Champions Centre

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

1. ACCOUNTING POLICIES - continued

Expenditure

Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them; and

Other expenditure represents those items not falling into the categories above.

Allocation and apportionment of costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the 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, fittings & equipment - 33% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees 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 cost 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to charitable company's the pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 19

Everyday Champions Centre

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

2.
DONATIONS AND LEGACIES
Offerings & collections
Gift aid
Government grants
Donations - Conference
Grants received, included in the above, are as follows:
Other grants
3.
OTHER TRADING ACTIVITIES
Sundry income
4.
INVESTMENT INCOME
Rents received
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Nursery fees
Charitable activities undertaken directly
Nursery grants
Charitable activities undertaken directly		 31.3.21
£
254,363
44,240
74,128
2,305
375,036
31.3.21
£
74,128
31.3.21
£
-
31.3.21
£
20,095
9
20,104
31.3.21
£
96,038
177,572
273,610
31.3.20
£
264,339
57,398
-
33,867
355,604
31.3.20
£
-
31.3.20
£
2,949
31.3.20
£
24,967
6
24,973
31.3.20
£
103,721
236,802
340,523

continued...

Page 20

Everyday Champions Centre

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

6. RAISING FUNDS

Raising donations and legacies
Support costs
7.
CHARITABLE ACTIVITIES COSTS
Charitable activities undertaken directly
8.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Trustees' remuneration etc
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Stationery and office costs
Advertising and marketing
Sundries
Repairs & renewals
Cleaning & laundry
Motor and travel expenses
Computer and subscriptions
Staff welfare & training
Purchases - food
Purchases - Nursery
Donations - MIY
Venue hire
Gifts and donations
Depreciation		 Direct
Costs (see
note 8)
£
570,944		 31.3.21
£
108
Support
costs (see
note 9)
£
43,443
31.3.21
£
32,795
449,482
3,022
6,110
16,642
5,875
2,747
-
219
13,051
7,630
3,260
9,667
1,330
4,471
1,613
-
-
1,595
11,435
570,944
31.3.20
£
-
Totals
£
614,387
31.3.20
£
26,052
395,397
13,869
8,016
22,687
12,703
5,282
33
1,775
8,972
12,730
6,442
8,619
1,168
24,900
3,505
16,000
423
2,502
12,908
583,983

continued...

Page 21

Everyday Champions Centre

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

9. SUPPORT COSTS

9. SUPPORT COSTS
Governance
Finance Other costs Totals
£ £ £ £
Raising donations and legacies 108 - - 108
Charitable activities undertaken directly 29,004 4,163 10,276 43,443
29,112 4,163 10,276 43,551
Support costs, included in the above, are as follows:
31.3.21 31.3.20
Raising Charitable
donations activities
and undertaken Total Total
legacies directly activities activities
£ £ £ £
Bank charges 108 1,019 1,127 2,245
Loss on sale of tangible fixed assets - - - (2,204)
Interest payable and similar charges - 27,985 27,985 47,972
MIY project - 4,163 4,163 12,045
Accountancy fees - 3,501 3,501 3,204
Legal and professional fees - 910 910 89
Bookeeping fees - 5,865 5,865 7,132
108 43,443 43,551 70,483
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.21 31.3.20
£ £
Depreciation - owned assets 11,435 12,907
Surplus on disposal of fixed assets - (2,204)
11. TRUSTEES' REMUNERATION AND BENEFITS
31.3.21 31.3.20
£ £
Trustees' salaries 29,284 23,490
Trustees' social security 2,829 2,051
Trustees' pension contributions to money purchase schemes 682 511
32,795 26,052

Gross salaries and benefits paid in the year to trustees are detailed follows: S Gill £29,966 (2020: £24,001).

The wife of the trustee S Gill received a salary and benefits of £13,344 (2020: £12,127).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

continued...

Page 22

Everyday Champions Centre

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

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Trustee
Support
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
355,604
Charitable activities
Charitable activities undertaken directly
340,523
Other trading activities
2,949
Investment income
24,973
Total
724,049
EXPENDITURE ON
Charitable activities
Charitable activities undertaken directly
642,421
Other
12,045
Total
654,466
NET INCOME
69,583
RECONCILIATION OF FUNDS
Total funds brought forward
1,155,208
TOTAL FUNDS CARRIED FORWARD
1,224,791		 31.3.21
£
447,304
24,338
10,635
482,277
31.3.21
1
29
30
Restricted
funds
£
-
-
-
-
-
-
-
-
-
496
496		 31.3.20
£
404,677
10,493
6,279
421,449
31.3.20
1
32
33
Total
funds
£
355,604
340,523
2,949
24,973
724,049
642,421
12,045
654,466
69,583
1,155,704
1,225,287

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 23

Everyday Champions Centre

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

14. TANGIBLE FIXED ASSETS

COST
At 1 April 2020
Additions
At 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		 Freehold
property
£
2,060,594
-
2,060,594
86,871
7,646
94,517
1,966,077		 Fixtures,
fittings
& equipment
£
323,691
-
323,691
320,961
2,666
323,627
64		 Computer
equipment
£
-
3,402
3,402
-
1,123
1,123
2,279		 Totals
£
2,384,285
3,402
2,387,687
407,832
11,435
419,267
1,968,420
1,973,723 2,730 - 1,976,453

Freehold property includes The Everyday Champions Centre at Jessop Close, Brunel Business Park, Newark. This property was valued at £1.1m on 10 March 2015 by G S Parkinson BSC MRICS IRRV and reviewed by SA Musson BSC FRICS.

The property has been written-down to a net book value of £1.1m in the accounts.

15. FIXED ASSET INVESTMENTS

Shares in
group
Unlisted
undertakings
investments
Totals
£
£
£
MARKET VALUE
At 1 April 2020
3
1,000
1,003
Disposals
(1)
-
(1)
At 31 March 2021
2
1,000
1,002
NET BOOK VALUE
At 31 March 2021
2
1,000
1,002
At 31 March 2020
3
1,000
1,003		 Shares in
group
Unlisted
undertakings
investments
Totals
£
£
£
MARKET VALUE
At 1 April 2020
3
1,000
1,003
Disposals
(1)
-
(1)
At 31 March 2021
2
1,000
1,002
NET BOOK VALUE
At 31 March 2021
2
1,000
1,002
At 31 March 2020
3
1,000
1,003		 Shares in
group
Unlisted
undertakings
investments
Totals
£
£
£
MARKET VALUE
At 1 April 2020
3
1,000
1,003
Disposals
(1)
-
(1)
At 31 March 2021
2
1,000
1,002
NET BOOK VALUE
At 31 March 2021
2
1,000
1,002
At 31 March 2020
3
1,000
1,003		 Shares in
group
Unlisted
undertakings
investments
Totals
£
£
£
MARKET VALUE
At 1 April 2020
3
1,000
1,003
Disposals
(1)
-
(1)
At 31 March 2021
2
1,000
1,002
NET BOOK VALUE
At 31 March 2021
2
1,000
1,002
At 31 March 2020
3
1,000
1,003
3 1,000 1,003

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:

Café Connect of Newark Ltd

Registered office: UK Nature of business: Café

Café Connect of Newark Ltd
Registered office: UK
Nature of business: Café
%
Class of share: holding
Ordinary 100
31.3.21 31.3.20
£ £
Aggregate capital and reserves (2,527) 11,581

continued...

Page 24

Everyday Champions Centre

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

15. FIXED ASSET INVESTMENTS - continued

Everyday Champions (conferences) Ltd

Registered office: UK

Nature of business: Conferences

Registered office: UK
Nature of business: Conferences
%
Class of share: holding
Ordinary 100
31.3.21 31.3.20
£ £
Aggregate capital and reserves 3,790 4,319

The subsidiaries are used for non-primary purpose trading activities.

The total net profit of the subsidiaries is gifted to the charity each year. Corporate income is treated as donations.

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21 31.3.20
£ £
Trade debtors 8,787 17,404
Amounts owed by group undertakings 19,571 41,636
Amounts owed by participating interests 354,154 330,917
Other debtors 840 3,965
383,352 393,922

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21
£
Bank loans and overdrafts (see note 19)
89,966
Trade creditors
329
Social security and other taxes
7,354
Pension
2,855
Other creditors
23,030
Credit card
6,211
129,745
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21
£
Bank loans (see note 19)
1,056,683		 31.3.20
£
47,722
8,995
2,955
5,875
19,496
(3,087)
81,956
31.3.20
£
1,098,897

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

continued...

Page 25

Everyday Champions Centre

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

19. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 years by instalments
20.
SECURED DEBTS
The following secured debts are included within creditors:
Bank loans		 31.3.21
£
89,966
94,366
503,898
458,419
31.3.21
£
1,146,649		 31.3.20
£
47,722
47,820
392,688
658,389
31.3.20
£
1,146,619

Bank loans are secured by legal charges over the freehold property of the charity and an unlimited debenture incorporating a fixed and floating charge.

21. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Deprivation grant
Christmas Fund
TOTAL FUNDS		 At 1.4.20
£
1,224,791
489
7
496
1,225,287		 Net
movement
in funds
£
54,751
(489)
(7)
(496)
54,255		 At
31.3.21
£
1,279,542
-
-
-
1,279,542

continued...

Page 26

Everyday Champions Centre

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

21. MOVEMENT IN FUNDS - continued

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

Incoming
resources
£
Unrestricted funds
General fund
668,750
Restricted funds
Deprivation grant
-
Christmas Fund
-
-
TOTAL FUNDS
668,750
Comparatives for movement in funds
At 1.4.19
£
Unrestricted funds
General fund
1,155,208
Restricted funds
Deprivation grant
489
Christmas Fund
7
496
TOTAL FUNDS
1,155,704
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
724,049
TOTAL FUNDS
724,049		 Resources
expended
£
(613,999)
(489)
(7)
(496)
(614,495)
Net
movement
in funds
£
69,583
-
-
-
69,583
Resources
expended
£
(654,466)
(654,466)		 Movement
in funds
£
54,751
(489)
(7)
(496)
54,255
At
31.3.20
£
1,224,791
489
7
496
1,225,287
Movement
in funds
£
69,583
69,583

continued...

Page 27

Everyday Champions Centre

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

21. 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
Deprivation grant
Christmas Fund
TOTAL FUNDS		 At 1.4.19
£
1,155,208
489
7
496
1,155,704		 Net
movement
in funds
£
124,334
(489)
(7)
(496)
123,838		 At
31.3.21
£
1,279,542
-
-
-
1,279,542

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 1,392,799 (1,268,465) 124,334
Restricted funds
Deprivation grant - (489) (489)
Christmas Fund - (7) (7)
- (496) (496)
TOTAL FUNDS 1,392,799 (1,268,961) 123,838

Deprivation grant

Grant from Northampton County Council to improve the outcomes of children in deprived areas.

22. RELATED PARTY DISCLOSURES

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Everyday Champions Centre has provided a loan account to MIY (More in You) Inc., a charity with common trustees and objectives. This loan is interest-free. At 31 March 2021 the balance owed to Everyday Champions Centre was £354,154 (2020: £330,917). During the year MIY (More in You) received donations from Everyday Champions Centre of £Nil (2020: £16,000).

continued...

Page 28

Everyday Champions Centre

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

23. POST BALANCE SHEET EVENTS

The nursery division of the charity was sold post year end.

24. CONTROL

The trustees control the charitable company.

Page 29

Everyday Champions Centre

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Offerings & collections 254,363 264,339
Gift aid 44,240 57,398
Government grants 74,128 -
Donations - Conference 2,305 33,867
375,036 355,604
Other trading activities
Sundry income - 2,949
Investment income
Rents received 20,095 24,967
Deposit account interest 9 6
20,104 24,973
Charitable activities
Nursery fees 96,038 103,721
Nursery grants 177,572 236,802
273,610 340,523
Total incoming resources 668,750 724,049
EXPENDITURE
Charitable activities
Trustees' salaries 29,284 23,490
Trustees' social security 2,829 2,051
Trustees' pension contributions 682 511
Wages 418,020 381,187
Social security 21,509 8,442
Pensions 9,953 5,768
Rates and water 3,022 13,869
Insurance 6,110 8,016
Light and heat 16,642 22,687
Telephone 5,875 12,703
Stationery and office costs 2,747 5,282
Advertising and marketing - 33
Sundries 219 1,775
Repairs & renewals 13,051 8,972
Cleaning & laundry 7,630 12,730
Motor and travel expenses 3,260 6,442
Computer and subscriptions 9,667 8,619
Staff welfare & training 1,330 1,168
Purchases - food 4,471 24,900
Carried forward 556,301 548,645

This page does not form part of the statutory financial statements

Page 30

Everyday Champions Centre

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
Charitable activities
Brought forward 556,301 548,645
Purchases - Nursery 1,613 3,505
Donations - MIY - 16,000
Venue hire - 423
Gifts and donations 1,595 2,502
Freehold property 7,646 8,366
Fixtures and fittings 2,666 4,542
Computer equipment 1,123 -
570,944 583,983
Support costs
Finance
Bank charges 1,127 2,245
Loss on sale of tangible fixed assets - (2,204)
Bank interest 1,088 499
Bank loan interest 26,897 47,473
29,112 48,013
Other
MIY project 4,163 12,045
Governance costs
Accountancy fees 3,501 3,204
Legal and professional fees 910 89
Bookeeping fees 5,865 7,132
10,276 10,425
Total resources expended 614,495 654,466
Net income 54,255 69,583

This page does not form part of the statutory financial statements

Page 31