Potters House Christian Fellowship UK Wandsworth Church
Report and Accounts Year ended 31 December 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
Potters House Christian Fellowship UK Wandsworth Church
CHARITY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
Courtney Lowe Kudzi Mambara Roger Rookwood
Key Staff
Courtney Lowe
Governing Document
Charitable Constitution dated 22 January 2008
Charity Registration Number
1123343
Principal Address
18 Bridge House Defense Close London SE28 0NR
Independent Examiner
Stephen Mathews Stewardship 1 Lamb's Passage London EC1Y 8AB
Bankers
Lloyds Bank Plc Dulwich Branch 364 - 366 Lordship Lane London SE22 8NA
| Contents | Page |
|---|---|
| Charity Information | 1 |
| Trustees' Annual Report | 2-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9-15 |
| Detailed Statement of Financial Activities with Comparatives | 16 |
Page 1
Potters House Christian Fellowship UK Wandsworth Church
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees have pleasure in submitting the Report and Accounts for the year.
Objects of the charity
The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are:
a) To advance the Christian faith in accordance with the Statement of Beliefs in the Schedule hereto attached in the London Borough of Wandsworth and in such other parts of the United Kingdom and the world as the Church Council may from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity
b) The relief of poverty and sickness and to relieve the distress caused thereby regardless of nationality, religious political or other opinion in the said London Borough of Wandsworth and in such other parts of the United Kingdom and the world as the Church Council may from time to time think fit.
Our vision is to reach our community with the gospel of Jesus Christ, nurture and develop new life through discipleship and continue to maintain the growth that we have experienced over the years.
Activity in 2021
Our vision is to reach our community with the gospel of Jesus Christ, nurture and develop new life through discipleship and continue to maintain the growth that we have experienced over the years.
2021 was a very good year for the church, coming out of lockdown and seeing more people come back to the church and experience fellowship in a vibrant Christian community. We saw many people give their life to Christ throughout the year and go on to be baptised and make a public confession of Jesus Christ.
We were able to keep in touch with everybody online throughout 2020 and continue to have online classes in 2021 as well as in-person classes as the lockdown requirements eased.
Areas where we have seen a positive advancement of the Christian faith and response within the church:
Preaching and teaching
As the lockdown requirements eased, we were able to start inviting visiting preachers who could minister to the congregation. This was great for the growth of the congregation, many people still comment on the messages and ministry that was given during that time and this will continue to be a investment going into 2022.
Marriage and relationships
Because of the great importance of healthy marriages as a foundation of Christian life, the family and as the New Testament outlines, a reflection of the relationship of the people of God in the church with Christ, in 2021 support and investment was given in the following ways.
We started a new marriage class for those that are dating and engaged, this was a great opportunity for people to understand the dynamics of relationships and feel free to discuss some of the questions that was on their minds. Through this class we have seen a number of people get married and join our church.
Page 2
Potters House Christian Fellowship UK Wandsworth Church
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Many marriages in 2021 felt the strain of the lockdown, so Pastor Courtney and his wife was regularly visiting specific married couples within our congregation to help them through any stressful situations.
Usually we have a marriage retreat which covers three days but because of hotel shortages and other issues we decided to have a marriage day instead, this included three sermons in the morning then a meal and a time of games in the evening. This was attended by over 30 couples and many testimonies came out of this event.
Young adults
Since it is being increasingly recognized that societal and health issues on young adults is increasing, given these are the future shapers of the church and society we wanted to continue an investment in this key group.
We saw the young adults ministry continue to put on events discussing some of the topics that affect young people… This was especially very good as the young people run the events and come up with different topics to discuss. We have seen a lot of growth in the young people that attend these events and intend to continue to invest in this ministry in 2022.
We were also able to start having Wednesday night music events/concerts. This has been predominantly led by the young people in the church. The good thing is that new talent has been developed from these events, many of the young people have been encouraged and have gained confidence, not just in the music but through meeting up together and discussing their lives. The young people have been doing great things, some of which are going on to study new on courses, gaining new roles in the work field and some doing a new trade.
Church planting
We have launched a new church out of our ministry into Crawley. This is a major investment financially. We have seen the Crawley church have impact, starting a new football team to engage with the community and seeing a lot of young people come out to the events that have been put on. Additionally, some of the young people that have come out to the events have joined the church and are making good decisions.
Other outreach and training
Thankfully, we have been able to rebuild our Church outreaches and evangelism after the lockdown. This is still a work in progress but we are going in the right direction.
Another class that we have started is a redemption class, this class is for people that have been struggling with specific troubling situations such as depression, loneliness and insecurity.
We continued with our online Bible workouts for the men and women. We continue to believe that as we study God’s word, we will grow in a relationship with God in Christ likeness that will enable us to be a testimony to the community of the love and grace of Jesus Christ and that there is hope in Him and new life.
One of the highlights of the year was having a special Christmas service for the community. We had a lot going on that day and many people from the community came out and had a great time. We also had a ‘Christmas banquet’ celebration for the church, this was a wonderful time to see the warmth of the community of the church and we were all thankful to have got through the year by God’s grace.
Page 3
Potters House Christian Fellowship UK Wandsworth Church
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, Governance and Management
The number and component of the Board of Trustees who held office during the year remain unchanged at the date of this report. Appointment of trustees where and when required, remains governed by the Constitution of the Charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies from resignation or death of an existing trustee.
New trustees are nominated by members of the board, interviewed and appointed and the criteria for selection will be a requirement for the necessary skills to contribute to the charity’s management and development. An expertise in any core area is a desirable requirement due to its beneficial attribute to the operation of the Trusteeship.
The current Board of Trustees constitutes of three members and is chaired by Pastor Courtney Lowe, who is responsible for the day to day running of the charity.
During the year, as part of an overall governance review which included input from the charity’s lawyers, it was identified that there had been a technical breach of the governing document in the arrangements for provision of accommodation (as detailed in Note 6). Consequently, the trustees liaised with the Charity Commission and have ceased providing the accommodation with effect from October 2021.
Financial review
During the year income increased by £13,000, to £311,000, and expenditure increased by £28,000, to £262,000 (largely because the church started meeting again in person following the end of Covid 19 restrictions). As a result the church realised a surplus for the year of £49,000 (2020 £65,000), and the charity's net assets increased by the same amount, to £202,000.
Fundraising
It is necessary to reiterate that the church’s financial resources are generated from non-compulsory contributions (offerings/donations) by church members. Each of these is functional and totally dependent on the provision from the members of the charity.
The two main performance indicators for the Church are financial performance and maintenance of, or growth of attendees at weekly services. This year saw us build on the foundation already established , demonstrated by the increase in financial commitment to the church through tithes and offerings ,increased attendance at services and increase in members volunteering.
These principle activities above all contributed to the achievement of our aims /objectivities allowing us to fulfil our commission of reaching the lost, making disciples and planting churches.
Reserves policy
The trustees have determined that the charity should aim to hold unrestricted cash of approximately £50,000 (which equates to about 4 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. As at the end of 2021 the charity held £117,000 in bank accounts of which approximately £73,000 was unrestricted and therefore the charity is complying with its reserves policy.
Page 4
Potters House Christian Fellowship UK Wandsworth Church
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Key risks and uncertainties
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Plans for the future
Our mission and objectives for the future remain as the same as outlined earlier. We aim to build on the growth experienced and see a substantial increase in the number of people establishing a personal relationship with the Lord Jesus Christ. This objective will be fulfilled by creating more innovative ways of communicating the gospel, we also seek to see increasing numbers of people actively involved in church life by attending small groups and/or being involved in our volunteer teams and other activities. We will also continue to pursue our goal of bringing great impact, change and influence to our local community and create platforms that benefit the local community.
Responsibilities of trustees under charity law
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that
the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
_______ Courtney Lowe Date: _____ October 2022
Page 5
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
Potters House Christian Fellowship UK Wandsworth Church ('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2021 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, 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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
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.
Stephen Mathews Institute of Chartered Accountants of England and Wales
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 27 October 2022
Page 6
Potters House Christian Fellowship UK Wandsworth Church
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments Total income and endowments EXPENDITURE ON: Charitable activities 5 Total expenditure Net income/(expenditure) Reconciliation of funds: Total funds brought forward Total funds carried forward 11 |
Unrestricted Funds £ 308,674 1,737 721 311,132 261,661 261,661 49,471 109,063 158,534 |
Restricted Funds £ - - 6 6 - - 6 43,800 43,806 |
Total Funds 2021 £ 308,674 1,737 727 311,138 261,661 261,661 49,477 152,863 202,340 |
Total Funds 2020 £ 296,041 2,430 23 |
|---|---|---|---|---|
| 298,494 | ||||
| 233,791 | ||||
| 233,791 | ||||
| 64,703 88,160 |
||||
| 152,863 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 9-15 form part of these accounts.
Page 7
Potters House Christian Fellowship UK Wandsworth Church
BALANCE SHEET
AS AT 31 DECMEBER 2021
| Note CURRENT ASSETS Debtors 7 Cash at bank and in hand 8 CREDITORS: Amounts falling due within one year 9 TOTAL NET ASSETS FUND BALANCES 11 Unrestricted Funds General funds Restricted Funds ______ C Lowe Date:__ October 2022 The financial statements were approved by the Board of Trustees ladmleon 25 |
Total Unrestricted Restricted Funds Funds Funds 2021 £ £ £ 96,613 - 96,613 73,186 43,806 116,992 169,799 43,806 213,605 (11,265) - (11,265) 158,534 43,806 202,340 158,534 - 158,534 158,534 - 158,534 - 43,806 43,806 158,534 43,806 202,340 and were signed on its behalf by: |
Total Funds 2020 £ 66,043 99,345 |
|---|---|---|
| 165,388 (12,525) |
||
| 152,863 | ||
| 109,063 | ||
| 109,063 43,800 |
||
| 152,863 | ||
Charity number: 1123343
The notes on page 9-15 form part of these accounts.
Page 8
Potters House Christian Fellowship UK Wandsworth Church
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1 Statutory Information
The charity is a charitable organisation governed by constitution dated 22 January 2008 registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
2 Accounting Policies
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
- The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material.
b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
-
i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
-
ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.
Investment income represents income generated by the charity's assets and includes income from bank interest.
c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Page 9
Potters House Christian Fellowship UK Wandsworth Church
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
e) Tangible fixed assets
- Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Equipment Over 3 to 7 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
f) Leased assets
- Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).
g) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
h) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
- i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
j) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
- k) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
Page 10
Potters House Christian Fellowship UK Wandsworth Church
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
3 Donations and legacies
| Donations of cash and similar Income tax recoverable 4 Income from charitable activities Church retreats and events 5 Charitable expenditure a Costs of charitable activities Salaries and pastoral support Ministry expenses and conferences Mission teams and travel Evangelism, youth work and events Grants payable (note 5d) b Governance costs Accounts and Independent examination 2020 2021 Legal & professional fees c Church activity - support and administration Property and office Insurance Sundry expenses Total expenditure |
2021 £ 261,302 47,371 308,674 2021 £ 1,737 1,737 2021 £ 84,045 63,448 1,042 703 45,144 194,382 600 3,000 6,557 10,157 50,565 1,148 5,410 67,279 261,661 |
2020 £ 247,011 49,030 |
|---|---|---|
| 296,041 | ||
| 2020 £ 2,430 |
||
| 2,430 | ||
| 2020 £ 73,802 72,817 6,689 580 28,965 |
||
| 182,852 | ||
| 3,000 - |
||
| 3,000 40,238 1,004 6,696 |
||
| 50,938 | ||
| 233,791 |
The fee payable to the independent examiner for preparing and examining the accounts was £3,000 (2020: £3,600).
d Grants payable
| Grants for UK and overseas mission Grants for the relief of poverty The comparatives for the previous year are as follows: Grants for UK and overseas mission The charity's principal grants to institutions comprised: Potters House Christian Fellowship Rotherhithe Potters House Church South London Potters House Christian Fellowship Merton Potters House Christian Fellowship Crawley Grants to institutions for £1,000 or less each |
Institutions £ 39,336 39,336 Institutions £ 28,965 28,965 |
Individuals £ 2,163 3,645 5,808 Individuals £ - 2021 £ 24,082 11,000 2,325 1,591 338 39,336 |
2021 £ 41,499 3,645 |
|---|---|---|---|
| 45,144 | |||
| 2020 £ 28,965 |
|||
| 28,965 | |||
| 2020 £ 24,734 - 4,231 - - |
|||
| 28,965 |
Page 11
Potters House Christian Fellowship UK Wandsworth Church
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses
| Gross wages and salaries Social security Pension costs |
2021 £ 59,316 2,477 1,833 63,626 |
2020 £ 40,156 3,766 1,986 |
|---|---|---|
| 45,908 |
The average monthly number of employees during the year was 2 (2020: 2). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:
| Other Employer Wages & employment pension salaries benefits contributions Trustees: Courtney Lowe 52,115 1,458 The following amounts were payable in the previous year: Other Employer Wages & employment pension salaries benefits contributions Trustees: Courtney Lowe 40,156 1,986 |
2021 £ 53,573 |
|---|---|
| 53,573 | |
| 2020 £ 42,142 |
|
| 42,142 |
Mr C Lowe served as church minister and received the above payments for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document.
In addition the charity incurred expenditure totalling £14,000 (2020: £16,800) in respect of the customary provision of accommodation to Mr C Lowe, who is a trustee and a member of key management, so that he could better perform his duties as the church minister.
During the year, as part of an overall governance review which included input from the charity’s lawyers, it was identified that there had been a technical breach of the governing document in the arrangements for provision of accommodation (as detailed in Note 6). Consequently, the trustees liaised with the Charity Commission and have ceased providing the accommodation with effect from October 2021.
7 Debtors
| ors | ||
|---|---|---|
| Falling due within one year: Tax recoverable Other debtors (see note 13) Property relocation loans (see note 13) Other loans Prepayments Falling due after one year Property relocation loans (see note 13) Total debtors |
2021 £ 47,371 781 9,460 500 3,500 61,613 35,000 35,000 96,613 |
2020 £ 48,941 242 2,052 - 4,900 |
| 56,136 | ||
| 9,908 | ||
| 9,908 | ||
| 66,043 |
Page 12
Potters House Christian Fellowship UK Wandsworth Church
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
8 Cash at Bank and in Hand
| h at Bank and in Hand | ||
|---|---|---|
| Cash at bank with immediate access itors: liabilities falling due within one year Taxation and social security Accruals |
2021 £ 116,992 116,992 2021 £ 6,658 4,607 11,265 |
2020 £ 99,345 |
| 99,345 | ||
| 2020 £ 2,319 10,206 |
||
| 12,525 |
9 Creditors: liabilities falling due within one year
10 Pension commitments
During the year employer’s pension contributions totalling £1,833 (2020: £1,986) were payable to defined contribution personal pension schemes. Pension contributions of £356 were owing at the balance sheet date (2020: £nil).
11 Funds
During the year the movements in the charity's funds were as follows:
| Designated Funds Building and development fund General Unrestricted Funds Total Unrestricted Funds Restricted Funds Building and development fund Aggregate of funds |
Opening balance 2021 £ 13,700 13,700 95,363 109,063 43,800 43,800 152,863 |
Incoming resources 2021 £ - 311,132 311,132 6 6 311,138 |
Outgoing resources 2021 £ - (261,661) (261,661) - - (261,661) |
Transfers in the year 2021 £ - - - - - - |
Gains and losses 2021 £ - - - - |
Closing balance 2021 £ 13,700 |
|---|---|---|---|---|---|---|
| 13,700 144,834 |
||||||
| 158,534 | ||||||
| 43,806 | ||||||
| 43,806 | ||||||
| 202,340 |
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| Unrestricted | Funds | ||||
|---|---|---|---|---|---|
| General | Designated | Restricted | |||
| funds | funds | funds | 2021 | ||
| £ | £ | £ | £ | ||
| Debtors | 96,613 | 96,613 | |||
| Cash at bank and in hand | 73,186 | 43,806 | 116,992 | ||
| Creditors falling due within one year | (11,265) | (11,265) | |||
| 158,534 | - | 43,806 | 202,340 |
Page 13
Potters House Christian Fellowship UK Wandsworth Church
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
In the previous year the movements in the charity's funds were as follows:
| Designated Funds Building and development fund General Unrestricted Funds Total Unrestricted Funds Restricted Funds Building and development fund Aggregate of funds |
Opening balance 2020 £ - - 44,895 44,895 43,265 43,265 88,160 |
Incoming resources 2020 £ - 297,958 297,958 535 535 298,494 |
Outgoing resources 2020 £ - (233,791) (233,791) - - (233,791) |
Transfers in the year 2020 £ 13,700 13,700 (13,700) - - - |
Gains and losses 2020 £ - - - - |
Closing balance 2020 £ 13,700 |
|---|---|---|---|---|---|---|
| 13,700 95,363 |
||||||
| 109,063 | ||||||
| 43,800 | ||||||
| 43,800 | ||||||
| 152,863 |
Analysis of net assets by fund
In the previous year, the assets and liabilities of the various funds were as follows:
| Debtors Cash at bank and in hand Creditors falling due within one year |
General Designated funds funds £ £ 66,043 63,935 (12,525) 117,453 - Unrestricted Funds |
Restricted funds £ 35,410 35,410 |
2020 £ 66,043 99,345 (12,525) |
|---|---|---|---|
| 152,863 |
The building and development fund represents donations made to the church to enable it to purchase its own venue in the future, to develop its ministry in strategic ways and has been added to from general funds since its inception in 2015.
12 Operating lease commitments
The charity has an operating lease for its church building. In addition, in 2020 the church had an additional operating lease for its parsonage. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of these leases was as follows:
| respect of these leases was as follows: | ||
|---|---|---|
| Within one year Payments falling due: |
2021 £ 42,000 42,000 |
2020 £ 58,800 |
| 58,800 |
During the year the charity was charged £56,000 (2020: £59,196) for its operating leases.
Page 14
Potters House Christian Fellowship UK Wandsworth Church
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
13 Transactions with related parties
During the year the charity:
-
a) received donations totalling £10,765 (2020: £13,715) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
-
b) No expenses (2020: £nil) were paid to, or for, the trustees. Reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee are not included in this disclosure.
During the year the charity also made the following payments to, or for, related parties:
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a) Mrs Mambara, who is the spouse of Mr K Mambara , who is a trustee, received payments totalling £1,800 (2020: £1,500) for providing book-keeping services to the charity.
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b) Potters House Christian Fellowship Merton, a church which is in the process of being registered with the Charity Commission, and is managed by Mr K Mambara, who is a trustee, and Mrs C Mambara, who is his spouse, received grants totalling £2,325 (2020: £3,500) for rental of Sunday meeting venues for church meetings.
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c) Mr and Mrs Lowe (Mr Lowe is a member of key management and a trustee) received rent of £14,000 (2020: £16,800) from the charity for a property owned and occupied by them used by the charity to provide accommodation as is customary in respect of church ministers. In addition in 2021 a loan of £11,960 at an interest rate of 2% was provided to Mr Lowe (see note 7) to assist with moving accommodation for the purpose of better performance of his duties as church minister. A further loan of £35,000 at an interest rate of 2% was provided to Mr Lowe (see note 7) to assist with purchasing accommodation for the purpose of better performance of his duties as church minister.
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d) Mrs Lowe, who is the spouse of Mr C Lowe, who is a trustee, was paid a salary of £12,480 (2020: £4,340) for providing admin services to the charity.
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e) At the balance sheet date Mr C Lowe owed £63 (2020: £242) to the charity in respect of advances on expenses and similar items and £718 (2020: nil) in respect of interest on the loans referred to in 13 c) above.
Page 15
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Potters House Christian Fellowship UK Wandsworth Church
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE YEAR ENDED 31 DECEMBER 2021
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| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments Total income and endowments EXPENDITURE ON: Charitable activities: 5 Total Expenditure Net income/(expenditure) Transfers between funds 11 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 11 |
3 | Unrestric | Designated 2021 £ ted funds |
Restricted 2021 £ - 6 |
Total 2021 £ 308,674 1,737 727 311,138 261,661 261,661 49,477 - 49,477 152,863 202,340 |
G 2 2 2 2 ( |
Unrestric | Designated 2020 £ ted funds |
Restricted 2020 £ 516 19 |
Total 2020 £ 296,041 2,430 23 298,494 233,791 233,791 64,703 - 64,703 88,695 152,863 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General 2021 £ 08,674 1,737 721 |
eneral 2020 £ 95,525 2,430 3 97,958 33,791 33,791 64,168 13,700) 50,468 44,895 95,363 |
|||||||||||
| 3 | 11,132 | - | 6 | - | 535 | |||||||
| 2 | 61,661 | - | - | |||||||||
| 2 | 61,661 | - | - | - | - | |||||||
| 49,471 - |
- - |
6 - |
- 13,700 |
535 - |
||||||||
| 49,471 95,363 |
- 13,700 |
6 43,800 |
13,700 - |
535 43,800 |
||||||||
| 1 | 44,834 | 13,700 | 43,806 | 13,700 | 43,800 | |||||||
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