Faith Christian Centre UK
Report of the trustees
Financial Statements for the year ended 28" February 2021
Faith Christian Centre UK
Financial Statements
Year ended 28" February 2021
Contents
Trustees’ Annual Report Pages 1-2 Independent Examiners’ Report Page 3 Receipts and Payments Account Page 4 Notes to Accounts Page 5
Faith Christian Centre UK
Trustees Annual Report
Year ended 28th February 2021
Registered Charity number 1123217 Principal Address Celebration Trebor Building, Wern Trading Estate, Rogerstone, Newport Charity Trustees Mr Michael Taylor, Mr Patrick Sparrow, Mr Richard Foster Bankers HSBC, Bridge Street, Newport, Wales NP20 4UT Solicitors Lawson, Lewis &Co., 37 Brassey Avenue, Eastbourne, East Sussex Governing Document 13th January 2008 This gives the Trustees powers to exercise their discretion in the discharge of their responsibilities towards the charity and imposes no special restrictions upon them.
Objectives To advance the Christian faith, to relieve sickness and financial hardship and to promote good health.
Public Benefit
The trustees are always mindful of the guidance published by the Charity commission on the public benefit.
Activities and Achievements
The charity is a community based church under the umbrella of Acts church UK. It meets every Sunday but is also open during the week to serve the community. This includes a community coffee shop that includes a kids play room, baby and toddler classes, and Time for Tea (a meeting place for OAP’s in our community). The building is also used by the scouts, brownies, rugby tots and an archery class. There is also a gym, music school and counselling service on site. There is a large amount of community use of the building during these times. The funds that are generated through rental are being reinvested into the building and its renovation. This, will help from grants awarded from local government Coronavirus resilience funds, allowed for the construction of a new toilet block, disabled ramp, and exterior decking area. Future plans include the extension of the church auditorium.
There is a financia! obligation to pay the mortgage on the building, an agreement between Faith Church and Equippers Church in Surrey and is funded through rental of the building. We are actively seeking a mortgage to own the building ourselves.
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Faith Christian Centre UK
Trustees Annual Report
Year ended 28th February 2021
Recruitment and Training —_‘ The declaration of trust states there must be a minimum of three of new trustees trustees, but there is no maximum number prescribed. New trustees are appointed bya resolution ofthe existing trustees as a body. Appropriate training in the duties and responsibilities of a trustee of a charitable organisation will be provided to any new trustee who may be appointed.
Reserves policy The reserved fund represents the restricted and unrestricted funds from past operating results. The Trustees monitor the level of reserves and are satisfied the current level of reserves are sufficient to cover costs, the aim is to get three months of running costs as a reserve by 2021.
Risk management The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate any exposure to the major risks.
The Trustees have approved the above report.
M.A. TAYLOR
Michael Taylor (Chair of Trustees and Senior Pastor}
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Independent Examlners’ Report to the Trustees of Faith Christian Centre UK
We report on the accounts ofthe charity (number 1123217) for the year ended 28" February 2021 set out on pages 4 and 5.
Respective responsibilities of Trustees and Examiners
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
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e@ Examine the accounts under section 145 of the 2011 Act; e Follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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@ State whether particular matters have come to our attention.
Basis of independent examiner’s statement
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiners’ statement
In connection with our examination, no matter has come to our attention:
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which gives reasonable cause to believe that, in any material respect. The requirements:
- e To keep accounting records in accordance with section 130 of the 2011 Act; and
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e@ To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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have not been met; or
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to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Helen Petherbridge T/A HAP Accountancy Ltd
Date
Chartered Certified Accountants
15 Church Street, Ilchester, BA22 8LN
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:
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Faith Christian Centre UK
Receipts and Payments Account Year ended 28" February 2021
| Res- | Unres- | 2021 | 2020 | ||
|---|---|---|---|---|---|
| tricted | tricted | Total | Total | ||
| Notes | Funds | Funds | Funds | Funds | |
| income | |||||
| The Loading Bay | 5,735 | 5,735 | 6,623 | ||
| NAVAH | - | - | 8,526 | ||
| Tithes&offerings | 41,106 | 41,106 | 45,984 | ||
| Incometaxrecovered | 75 | 8,623 | 8,698 | 10,040 | |
| Bullding Fund gifts | 820 | 820 | 1,022 | ||
| Room Hire | 30,287 | 30,287 | 27,694 | ||
| Sales and commissions | - | - | 670 | ||
| Grants | 23,500 | - | 23,500 | 5,000 | |
| JRS Furlough scheme Grants | 8,701 | 8,701 | - | ||
| interest | 6 | 1 | 7 | i1 | |
| Other-Recharges | : | - | 2,900 | ||
| Total Incoming Resources | 24,401 | 94,452 | 118,853 | 108,470 | |
| Expenditure | |||||
| Ministers support | 23,480 | 23,480 | 24,959 | ||
| Salary | 5,608 | 5,608 | 6,095 | ||
| Gifts | 690 | 690 | 1,104 | ||
| Premises rent& rates | 15,075 | 15,075 | 17,500 | ||
| Hospitality,function &eventcosts | 640 | 640 | 5,154 | ||
| Light, heat&water | 9,914 | 9,914 | 11,705 | ||
| Tralning&conferences | 1,044 | 1,044 | 1,474 | ||
| Repatrcosts | 1,997 | 1,997 | 3,133 | ||
| Travelling expenses | 268 | 268 | 1,508 | ||
| Vanexpenses | 587 | 587 | 3,913 | ||
| Children’s Church&youth expenses | 161 | 161 | 1,039 | ||
| NAVAH Costs | - | - | 9,675 | ||
| The Loading Bay costs | 2,746 | 8,414 | 11,160 | 4,909 | |
| Membership& subscriptions | 532 | $32 | 600 | ||
| Officeandpromotioncosts | 250 | 10,441 | 10,691 | 6,920 | |
| Insurances | 1,585 | 1,585 | 1,864 | ||
| Miscellaneous expenses | - | - | 50 | ||
| Professional fees | 1,497 | 1,497 | 1,233 | ||
| Total ResourcesExpended | 2,996 | 81,933 | 84,929 | 102,834 | |
| NetIncome/{Outgoing) Resources | 21,405 | 12,519 | 33,925 | 14,279 | |
| Transfers between funds | |||||
| Totalfunds28™February2020 | 26,647 | 17,401 | 44,048 | 38,413 | |
| Tota!funds29™February2021 | 1 | 48,052 | 29,921 | 77,973 | 44,048 |
| Statement ofAssets and Liabilities atthe end of29 February2021 | 2021 | ||||
| Represented by: | |||||
| TangiblefixedAssets | 2 | 40,340 | 16,990 | 57,330 | 32,450 |
| Cash atbank—currentaccount | 201 | 12,504 | 12,705 | 1,922 | |
| Cash atbank—Deposit account | - | - | 0 | ||
| Cash atbank—building account | 7,511 | - | 7,511 | 9,637 | |
| Cash atbank - Storfa (loadingbayaccount) | 428 | 428 | 635 | ||
| Liabilites | i] | (597) | |||
| 48,052 | 29,921 | 77,973 | 44,048 |
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Faith Christian Centre UK Notes
,
Year ended 28" February 2021
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|2021|2020|
|1.|Funds|£|£|
|Restricted —Bullding fund|48,052|26,647|
|General|29,921|17,401|
|Total|Funds|77,973|44,048|
|Improvements|Fixtures &|Motor|Computer|
|to Buildings|Fittings|Vehicle|Equipment|Total|
|2.|Tangible|Fixed Assets|£|£|£|£|
|Cost|
|At 1* March 2020|14,838|24,594|3,750|2,449|45,631|
|Additions|22,331|2,549|24,880|
|Disposals|
|At 29”|February 2021|37,169|27,143|3,750|2,449|70,511|
|Depreciation|
|At 1" March|2020|-|8,610|3,000|1,571|13,181|
|Charge for the year|-|
|Eliminated|on|disposals|
|At 29"|February 2021|-|8,610|3,000|1,571|13,181|
|NBV|
|At 29™|February 2021|37,169|18,533|750|878|57,330|
|At|1st March 2020|14,838|15,984|750|873|32,450|
----- End of picture text -----
Depreciation is not required under receipts and payments concept.
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