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← Church Of The Living God, Westbury

2020-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

CHURCH OF THE LIVING GOD WESTBURY

(COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION NUMBER 1135216 COMPANY REGISTRATION NUMBER 07108899

Independent Examiners Ltd

Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

Page
Legal and Administrative Information 3
Independent Examiner's Report on the Accounts 4
Directors' Report 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 18

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1135216

COMPANY REGISTRATION NUMBER 07108899

DATE OF REGISTRATION 19th December 2009 START OF FINANCIAL YEAR 01 January 2020 END OF FINANCIAL YEAR 31 December 2020

DIRECTORS AT 31 DECEMBER 2020 Mr Steven Mark Battershill Mr Peter Ivan Couch Mrs Aurora Rondai Dine Reverend Fatimah Murray Reverend Iain Murray

GOVERNING INSTRUMENT

Memorandum and Articles of Association dated 19th December 2009.

OBJECTS

a) To advance the Christian Faith in accordance with the statement of beliefs in the schedule hereto attached in such ways and in such parts of Wiltshire, the United Kingdom or the World as the trustees may from time to time think fit

b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of Wiltshire, the United Kingdom or the World as the trustees may from time to time think fit;

c) To provide and maintain facilities for the benefit of communities within the United Kingdom without distinction of Race, Sex, Political, Religious or other opinion and with the object of Improving conditions of life for the said inhabitants as the trustees may from time to time in their discretion determine.

REGISTERED ADDRESS

Upper Manse 3 Leigh Road Westbury Wiltshire BA13 3QN

PRIMARY BANKERS

HSBC Bank Plc 46 Fore Street Trowbridge Wiltshire BA14 8EL

INDEPENDENT EXAMINER

Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

3

CHURCH OF THE LIVING GOD, WESTBURY (COMPANY LIMITED BY GUARANTEE) INDEPENDEKf EXAMINER'S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31sr DECEM8ER 2020 Rep(rt to the trust£&l mènbers ofthe Lfving Goy WE%tbury OTh the rKCWnts for the ￿7r ffl¢J 31st December 2020. Re4tha veJpon51bllllles of trn4taes and wmlner The charity trustees we re5POTr5b￿ for the preparatkn d the ￿c￿Jnts. ThecharIt￿5 trustee5 th& aTr audft & nc r￿U1rd tr thi5 year und¥ sect1￿ 144 rf the Act 2011 (the Act) and that ￿ ￿dePendent evrninth È need￿. It ts my reSp￿sIb￿ to: exatnkne the undff 145 rfthe ￿arIt￿5 Act, to fc4kM the Pr(￿￿1￿re5 dth¥n li the ger4eTal Drtttkjns gNen by the Chty COmmLssl￿ {under 5&t 145(51{bl of the Act, to state whether parttular ffiattws have cometo my attentK My exarnlnat￿ ￿ carrbj ¢xrt i) accordance wlh gen￿ d￿t￿n$ g￿en by the tharky C£rfnmi5sJn. An exwnlnat kncludes a re4Ew (the ￿c￿ntIng r￿ordS kept bythe charf(y and a ¢<mparfscffl crfthe <ctsJnts presental vJf(h thcse r￿ordS. It fftcbjdes Cc￿s￿￿athjn Lany unusual f(ems or dÉck%ures th the &C￿ntS, Seeking wLanatthJs from the truste ccncwnhg any such rn&t￿$. The pr(r￿vr£S undtttaken do n( provkle al the evKlence that ￿t￿Iktr be rquird n an audr(, d C¢nsqu￿tty no opkn¥)n $ a5 to whher the xcounts prts￿t a Irue and f. and the rq)0rt to those mters s& (Mjt In the statetnent bekx. IhYlependEnt ¢xamlnerfs In connttth)n wlth my ex8mn)zkn, no matv ha5 ccme to my tent wh￿h glve5 rne cJJse to b￿￿that kn, any Mortr￿ re5PKt. the wuemwts". to kw &¢wntkng record5 in 8£cordance 130 rfthe thart(e5 Art; to p¥epare ¢wnts whth wf(h the&¢wntkng re£C￿d5 and c(mpty h the ￿￿TrtIng rel￿￿￿ents (I the lJarltÈs Act ave n( met; LY to whth, in my oplnl)n, att￿tkn Sh￿k1 be drwn in £*der to enjbk a pycper undw5t•idlng thsthe x¢wnts to be rexhej. Dcnna L4)pit Independent Exam(ners Ltd UnL2 The BrcthrKlge Buskness Centre Dellng Lane 8osharn F4)18 8NF Date: 27th September 2021

CHURCH OF THE LIVING GOD, WESTBURY (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Objectives achieved by:

Activities in Support:

Achievements against set objectives.

5

CHURCH OF THE LIVING GOD, WESTBURY (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (continued) FOR THE YEAR ENDED 31[ST] DECEMBER 2020

6

CHURCH OF THE LIVING GOD {COMPANY LIMThED BY GUARA1￿EE) DIREcfoRS' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2020 DirertOY5' Respon5itiilities stèternt (l DJreCtor5'.4è5pons￿A￿k¥.. The Charit1È5 Art and the C(wnpaniÈs Act 2006 requre the dretttrs to prq)e statemknts each finwrial year wh￿￿ gwe a irue and fair vthy rf the statè of atfdFS of the cotnpany as at thÈ of the financ&al yeAr and of the 5urpIu5 deficit (K t17e charly in ￿CordanCe wtth the ￿tsIrem￿t$ of Sectins 394 and 395 of the Compan￿5 Act 2006 and wh￿h oth£rw￿e cornp￿ its r&puIrern￿t5 rding to 5tatemwtS, 50 far a5 apptib￿ to the chaTtable c￿VanY. In pre￿ring thosè financ4 st3tanèits the we to :. o) sdecl sui(abk aCcwnl￿9 pclrF25 and thw appty them cl￿Si4t￿t￿. bl make judgement5 and e5tinate5 th& are anL5 prudwt" cl prepare tf%e financol statem￿t5 on the g(Mng conctrn basi5 unkss t ss mapprrwn&e to prtsume that the company wdl continLe ￿ business., dl state Wheth￿ applrable ￿Count￿g stondords ond statemwt5 rf r£rornmemdqJ have be￿ folow￿, subiett to any maièrial departUFeS dschxed the finaftcsl stataments. The Otr￿t0￿ are ako r&SpMs1b￿ f￿ ￿￿t￿nIng ad8]uate accwntkng rec￿d$ s[￿h d￿thse 7th rea5tsnab￿ accuracy at any time the financi pos¢(W the company and Yknrh are 5uffÉiwt to show e¥pkn the company 5 transaCt￿n$ and enab them to ensure that the st&ernwt5 cLYnpty wtth SKtW5 386 and 387 rf the QKnpallES Act 2D06 and CDtnply with regulatiM5 tnadÈ Ltnder the Chtirit￿ Att. They 3rÈ rep(mstt)￿ f(￿ s¥ÈguaTdiig the assÉts ￿ the Eompany and hence fcf taking rwthable steps the preVefit￿ and det&tin rl frtrjd and rthtr irTegukrtio. The D￿r￿torS are a￿0 reSp￿SIb￿ the afthe DIr￿tors. report, the respl￿S￿l￿Y rf the ￿£%￿dent exatniner it) re￿￿j to the DwECtors' ￿port s lifftited to exaM￿l￿g the report and ￿5￿rng that on the tsce of thè r4>0rt thÈrÈ are no In£oRsist￿C￿S YAth the fbJure5 disck)sèJ in the fina)cd statwnents. These accounts hawe been preP￿e0 kn ￿Cc(danCe the Prov6￿￿$ appl£abk to coMp￿S SUb]￿t to the smal compan￿5 I approve the ￿taCh￿ statement of ffftancial sheet ¥sd conftm I h￿e m>Je aVa#ab￿ all informatA)n net&sary for tis preparknn. Apprwa4 by thé DirertW5 an thÈ... S￿ned beha¥ by DYert A Q I PriTrt Narr¢e...................................

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020

Notes
INCOMING RESOURCES
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
TOTAL INCOMING RESOURCES
Costs of Charitable Activities
4a
Costs of Generating Funds
4b
NET INCOMING/(OUTGOING) RESOURCES
TOTAL FUNDS BROUGHT FORWARD
PRIOR YEAR ADJUSTMENT
6
TOTAL FUNDS CARRIED FORWARD
TRANSFERS BETWEEN FUNDS
RECONCILIATION OF FUNDS:
RESOURCES EXPENDED
TOTAL RESOURCES EXPENDED		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2020
2019
£
£
£
£
47,422
15,050
145
62,617
74,734
45
-
-
45
87
174
-
-
174
244
47,642
15,050
145
62,837
75,064
42,756
15,050
-
57,806
60,495
-
-
-
-
-
42,756
15,050
-
57,806
60,495
4,885
-
145
5,030
14,569
-
-
-
-
-
62,150
140
4,527
66,818
52,248
1,524
1
(1,525)
-
-
68,560
141
3,147
71,848
66,818

All of the Charity's operations are classed as continuing operations.

8

CHURCH OF THE LIVING GOD {COXPANY LIMThED BY GUARANTEE) BALANCE SHEÈT AS AT 31 DECEMBER 2020 UTrrestitted Restrrtgj Fund Funds Total Total 31-DtC-20 31-Dec-19 Fixed Assets Tangd)le JL8sets Inwe5tment Assets Nrtes 4,900 4.900 4,900 Cufftnt Assets Debtors & t¥ayments Cash at bank and in haTrd 8,664 63.543 8,664 63,684 10,000 59,858 141 Total Currwrt A<%ets 141 858 Creditor due w￿h1n rme year 5.400 5,400 7.940 14ET CURREFIT ASSETS 66.807 141 66.948 61,918 TOTAL ASSETS kss ctsrrent lblEs 7L707 141 71,848 64818 CrtditO￿ due ￿ rn￿e one v 11 14 818 FUIID5 OF ThE CHARITY General Funds R￿trIcted Funds De5unated Funds 68,560 68,560 141 3.147 62,150 140 4,527 141 3.147 TOTAL FUNDS 141 818 D¥Teciorfs ￿nSibilIti￿.. Ftr the year ended 3 Ist December 2020. The Dtrectors are satisf￿ the chwtiabk COmp￿Y was entitd to e¥ernptK￿ fr(m the r&]uiremwt to (É>tain an audt und sect￿￿ 477 ofthe Cornpanis Att 2006 and th no rngnber or rrernbw5 r￿￿￿ed the compmv to £It￿ èn audit cl its accounts for the year yi que5tx)n fft acc(rdance wh secr￿n 476 (the Act. HoEvw, in acc[￿danCe with Sert1￿ 145 of the CharitEs Act 2011. the accwnt5 have been ey3rnn￿ by Independent E￿￿￿er whose repcrt appear5 after the Notes to the Financol statement5. The DirDrlsl acknoW￿ge thar c£xnptying Ihe requ￿￿￿￿￿t5 of the cCfflpan￿ Act 2006 respect to accouTrtin9 record5 and the prq)aratDn ￿ accwnts. The a¢c¢unts have beert prepar￿ in ￿(￿dance wlh the provsMx7s fft Pdrt 15 rfthe Compaftie5 Act 2006 opplicabk to Compani￿ 5ubjLrt to the small C(Wnp￿￿5 and in accWd3n￿ %Ykn the Fmancol W(rting Standard for Srnaver Entits leffLrtive April 20081 The dir￿lOrS acknovAÈdgÈ thety respM5ibibty Frr en5Urng th& the ccThpany keeps prcyer xcountmg F￿￿dS cornp sect￿5 386 of the Act 2006 f(r prepanng ffftanci315t&anÈ#ts ¥Jh￿h gNe a true and of the State rf affairs of the ctyllpany as at the the fin3nciAI y and of it5 proft k)ss fcr the finonrBI year in ￿Crtance with the requirement tl sectDns 394 and 395 and whrh LherW￿e crxnpty ￿)tkn the rw1￿Lf￿￿tS rfthe QYnpanÈs Att 2006 rdatng to accounts, so far a5 app￿ab￿ 10 the cornpany_ Appro￿1 by the DI￿tEA5 ￿ the............. . . S¥Jned thi ther behaff b}. DTrett(r.............. Print N8me:............... .... ...... . .. Ct￿p￿Y R￿tstr￿￿ Number: Rtrjsterèl Offre: 07108899 Upp¥ Manse 3 Lwjh Road Westbury Wdtshwe BA13 3QN

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

Basis of preparation:

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The 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 (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Cash Flow Statement

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

Incoming Resources with Related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and

Grants and Donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.

Volunteer Help

The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

This page does not form part of the statutory financial statements

10

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Operating Leases

Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.

Taxation

The charity is exempt from tax on its charitable activities.

Legal Status of the Charity

The charity is a company limited by guarantee and has no share capital. 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.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Fund Accounting

Funds held by the charity are either:

1. Unrestricted funds

These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.

2. Restricted funds

These are funds that can only be used for particular restricted purposes within the objects of the charity.

3. Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

Vehicles 25% General Equipment 25%

There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.

This page does not form part of the statutory financial statements

11

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

2. TANGIBLE FIXED ASSETS

Additions
Accumulated Depreciation
At 1 January 2020
Charge for the Year
At 31 December 2020
Cost
At 1 January 2020
At 31 December 2020
Net Book Value
At 31 December 2020
At 1 January 2020		 General
Equipment
Vehicles
2020
£
£
£
-
4,900
4,900
-
-
-
-
4,900
4,900
-
-
-
-
-
-
-
-
-
-
4,900
4,900
-
4,900
4,900

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st December 2020 : None 31st December 2019 : None

This page does not form part of the statutory financial statements

12

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

3. INCOMING RESOURCES

Note
c) Other Income
Tax Recoverable
a) Donations & Legacies
Tithes, Gifts & offerings
b) Investment Income
Bank Interest
Sundry Income		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2020
2019
£
£
£
£
38,084
15,050
145
53,279
66,222
9,338
-
-
9,338
8,512
47,422
15,050
145
62,617
74,734
45
-
-
45
87
45
-
-
45
87
174
-
-
174
244
174
-
-
174
244

This page does not form part of the statutory financial statements

13

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

4. RESOURCES EXPENDED

Note
Charitable Activities
Governance costs:-
Motor Vehicle Expenses
Conference Costs
Copyright Licencing
Discipleship Costs
Gifts & Donations
Insurance
Ministry Costs
Administrative Expenses
Bank Charge
Books & Publications
Cleaning costs
Community Action
Pastoral Expenses
Pastors Remuneration
Printing & Stationery
Recognitions
Rent & Rates
Training Costs
Travel expenses
Utility Costs
Visiting Speakers
Independent Examiner Fee
Governance/ Head Offfice
Legal & Professional fees		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
2020
2019
£
£
£
£
1,071
-
-
1,071
2,046
-
-
-
-
70
28
-
-
28
104
-
-
-
-
140
148
-
-
148
66
-
-
-
-
-
304
-
-
304
-
287
-
-
287
266
5,195
15,050
-
20,245
15,962
880
-
-
880
567
912
-
-
912
1,040
1,655
-
-
1,655
1,275
-
-
-
-
400
28,600
-
-
28,600
31,200
-
-
-
-
104
176
-
-
176
423
814
-
-
814
3,839
-
-
-
-
-
-
-
-
-
496
314
-
-
314
407
305
-
-
305
160
900
-
-
900
(300)
-
-
-
-
2,171
1,167
-
-
1,167
60
-
42,756
15,050
-
57,806
60,495

This page does not form part of the statutory financial statements

14

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

PREVIOUS FINANCIAL YEAR
Philippine Flood Relief
Crisis Offering
Special Offering
Special Offering
Crisis Offering		 Balance
Unrealised
Balance
01-Jan-20
Income
Expenditure
Gain/Loss
Transfer
31-Dec-20
£
£
£
£
£
£
-
-
-
-
-
-
141
50
(50)
-
-
141
-
15,000
(15,000)
-
-
-
141
15,050
(15,050)
-
-
141
Balance
Unrealised
Balance
01-Jan-19
Income
Expenditure
Gain/Loss
Transfer
31-Dec-19
£
£
£
£
£
-
12,000
(12,000)
-
-
-
141
-
-
-
-
141
141
12,000
(12000)
-
-
141

The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.

6. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

Chapel Expansion Repairs
Special Offering		 Balance
Unrealised
01-Jan-20
Income
Expenditure
Gain/Loss
Transfer
31-Dec-20
£
£
£
£
£
£
4,527
145
-
-
-
4,672
(1,525)
-
-
-
-
(1,525)
3,002
145
-
-
-
3,147

Chapel Expansion Repairs -£1525 was accounted for as Unrestricted funds, not Designated Funds in the prior year. A Prior Year adustment has now been made to the 2020 accounts.

PREVIOUS FINANCIAL YEAR

Special Offering Balance
Unrealised
01-Jan-19
Income
Expenditure
Gain/Loss
Transfer
31-Dec-19
£
£
£
£
£
3,527
1,725
(725)
-
-
4,527
3,527
1,725
(725)
-
-
4,527

This page does not form part of the statutory financial statements

15

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020

8. CASH AT BANK AND IN HAND

T BANK AND IN HAND
Gift Aid Recoverable
Cash at Bank and in Hand
S AND PREPAYMENTS		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-20
31-Dec-19
£
£
£
£
60,396
141
3,147
63,684
59,858
60,396
141
3,147
63,684
59,858
Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-20
31-Dec-19
£
£
£
£
8,664
-
-
8,664
10,000
8,664
-
-
8,664
10,000

9. DEBTORS AND PREPAYMENTS

10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR

Pastors Remuneration-Fatimah Murray
Pastors Remuneration-Iain Murray
Pastoral expenses
Independent Examiner's Fee		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
31-Dec-20
31-Dec-19
£
£
£
£
-
-
-
-
1,300
-
-
-
-
1,300
4,500
-
-
4,500
4,500
900
-
-
900
840
5,400
-
-
5,400
7,940

11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilities during this or the previous financial period.

This page does not form part of the statutory financial statements

16

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020

12. STAFF COSTS AND NUMBERS

Pastors Remuneration
Employer's National Insurance Costs
Pension Contributions		 TOTAL
2020
£
31,200
-
-
31,200		 TOTAL
2019
£
31,200
-
-
31,200

Self employed personnel who were engaged in each of the following activities:

Charitable Activities
Management & Administration		 TOTAL
2020
2
-
2		 TOTAL
2019
2
-
2

The Pastors are paid on a self employed basis and no employees received emoluments in excess £60,000 (2019:None). The Charity has no liability for the payment of Tax and National Insurance.

13. CAPITAL AND RESERVES

The Company is Limited by Guarantee 07108899 and is a Charity registered with the Charity Commission 1135216. It does not have a Share capital and has no income subject to Corporation Tax.

Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at 31-Dec-20		 31-Dec-20
£
5,030
-
5,030
66,818
71,848		 31-Dec-19
£
14,569
-
14,569
52,248
66,818

14. TRUSTEES AND OTHER RELATED PARTIES

During the financial year Trustees Reverend Iain Murray and Reverend Fatimah Murray received £31,200 (2019:£31,200) in renumeration in their capacity as Senior Church Pastors of the Church of the Living God, Westbury in furthering the Charity's objects.

The Church or the Living God, Westbury currently has a liability of £4,500 (2019:£4,500) for expenses incurred by Trustees Reverend Iain Murray and Reverend Fatimah Murray in furtherance of the Charity's objects and are to be reimbursed.

No other payments were made to directors or any persons connected with them during this financial period.

This page does not form part of the statutory financial statements

17

CHURCH OF THE LIVING GOD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020

15. RISK ASSESSMENT

The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

16. RESERVES POLICY

The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.

17. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Directors' report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

This page does not form part of the statutory financial statements

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