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|CONTENTS||||
|---|---|---|---|
||||PAGE|
|Trustees'
Annual
Report||||
|Independent
Auditors'|report to the|Members||
|Statement offinancial|activities||10|
|(including
an income|8 expenditure|account)||
|Balance sheet||||
|Cash Flow||||
|Notes to the financial|statements|||
##
|FOR THE YEAR E|FOR THE YEAR E||NDED 3'Isa|MARCH 202 I|MARCH 202 I|
|---|---|---|---|---|---|
|The Trustees present
31st March 2021.|||their Annual|Report together
with the audited accounts ofthe charity for the year ended||
|REFERENCES AND|||ADMINISTRATIVE
DETAILS|||
|Registered|charity|name||King's Church Amersham||
|Charity registration||number||1136061||
|Company|registration||number|07161926||
|Principal
office||||Raans Road, Amersham,|Bucks, HP6 6LX|
|Registered|office|||Raans Road, Amersham,|Bucks, HP6 6LX|
|Company|Bankers|||Handelsbanken,
Tudor House, 651 London Road,||
|||||High Wycombe HP11 1EZ||
|Company|Lawyers|||Stone King, 16StJohn's|Lane, London EC1M 4BS|
|Company|Secretary|||Julian
Dagnall||
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##
|THE TRUSTEES||||
|---|---|---|---|
|The Trustees who|served the company
during the|year were|as follows:|
|Andrew
Burton|Chairman
and Member ofthe Congregation|||
|Paul Thomas|Elder and Pastor|||
|Julian
Dagnall|Elder, Pastor and Company|Secretary||
|Kathy Nussbaum|Elder|(appointed|14December 2020)|
|Neil Suggett
Simon Rose|Elder
Member ofthe Congregation|(resigned|'l4 December 2020)|
|David Patterson|Member ofthe Congregation|||
|Vicki Hamilton|Member ofthe Congregation|||
|Callie Tomlins|Member ofthe Congregation|||
|Simon Harding|Member ofthe Congregation|(appointed|14December 2020|
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|||||Unrestricted|Restricted|Endowment|||
|---|---|---|---|---|---|---|---|---|
||||Notes|funds
2021|funds
2021
f|funds
2021
F|Total Group
2021|Total Group
2020|
|Income|||||||||
|Donations
and gifts||||557,634|19,156||576,790|499,477|
|Income from charitable||activles|||||||
|Towards
church activities||||9,400|||9,400|32,070|
|Income from other trading|||||||||
|activities|||||||||
|Hire offacilities
Commercial
trading|activities|||3,618
7,352||||32,595
31,441|
|Other operating
income|||||||||
|Government
grants||||10,817|||||
|Investment
income|- interest||||||||
|Total income||||588,838|19,156||607,994|595,632|
|Expenditure|||||||||
|Church
activities
Commercial
activities
Fees||||540,284
13,789
10,069|17„485||557,769
13,789
10,069|549,260
35,503
9,158|
|Tots Iexpenditure||||564,142|17,485||581,627|593,921|
|Net Income/(expenditure)||||24,696|1,671||26,367|1,711|
|Net movement
in funds||||24,696|1,671||||
|Fund balances at 1 April 2020|||14|2,186,928|17,102|751,626|2,955,656|2,953,945|
|Fund balances at 31|March 2021||14|2,211,624|18,773|751,626|2,982,023|2,955,656|
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||||Group||||
|---|---|---|---|---|---|---|
|||||2020||2020|
|Fixed Assets||Notes||F||F-|
|Tangible Assets
Investments||6
7|3,280„971|3,341,237|3„280,642
1|3,340,584
1|
|Current assets|||3,280,971|3,341,237|3„280,643|3,340,585|
|Stock|||250|466|||
|Debtors
Cash at bank and in|hand||60,267
126,997|58,669
113,244|67,197
125,674|60,547
111,917|
||||187,514|172,379|192„871|172,464|
|Creditors: amounts
falling
due within one year||9|(101,004)|(102,476)|(100,790)|(101,081)|
|Net current assets|||86,510|69,903|92,081|71,383|
|Total assets less current liabilities|||3,367,481|3,411,140|3,372„724|3,411,968|
|Creditors: amounts|falling||||||
|due after one year||10|(385,458)|(455,484)|(385,458)|(455,484)|
|Net assets||14|2,982,023|2,955,656|2,987,266|2,956,484|
|Income funds|||||||
|Restricted
funds|||18,773|17,102|18,773|17,102|
|Unrestricted
funds|||2„211,624|2,186,928|2,216,867|2,187,756|
|Endowment
Funds||12|751,626|751,626|751,626|751,626|
|Total church funds|||2,982,023|2,955,656|2,987,266|2,956,484|
##
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||||||Group||Charity||
|---|---|---|---|---|---|---|---|---|
||||||2021|2020||2020|
|||||Notes|||||
|Cash flows from|operating||activities||||||
|Net cash provided|by/(used||in)||||||
|operating
activities||||15|114,259|93,452|114,118|95,816|
|Cash flow from|investing||activities||||||
|Investment
income - interest|||||17|49|162|204|
|Purchase
offixed assets
Bank Loan repayments|||||(31,469)
(69,054)|(17,027)
(69,054)|(31,469)
(69,054)|(17,027)
(69,054)|
|Net cash used
in|investing|activities|||(100,506)|(86,032)|(100,361)|(85,877)|
|Change
in cash|and cash||||||||
|equivalents|||||||||
|in the reporting|period||||13,753|7,420||9,939|
|Cash and cash equivalents||at 1 April|||113,244|105,824|111,917|101,978|
|Cash and cash equivalents||at 31 March|||126,997|113,244|125,674|111,917|
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|||||Statf costs|Depreciation|Other costs||Total|
|---|---|---|---|---|---|---|---|---|
|||||(note 5)|||||
|||||2021||||2020|
|||||F||||F|
|Grants payable
Church
Ministry
Church activities
Administration:||- see note 3
-see note below
- direct||203,186|||24,971
215,665
55,505|16,524
189,397
67,268|
|Church
Church|maintenance/operating
administration||costs|6,825
58,955||42,491
61,621|141,052
120,576|164,806
111,265|
|||||268,966|91,736|197,067||549,260|
##
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|NOTES TO THE|FINANCIAL STATEMENTS|FINANCIAL STATEMENTS|FINANCIAL STATEMENTS|FINANCIAL STATEMENTS||||||
|---|---|---|---|---|---|---|---|---|---|
|FOR THE YEAR|ENDED 3'Isa MARCH 2021|||||||||
|3.
Grants Payable||||||||||
|||Unrestricted||Restricted||Unrestricted|Restricted|||
||||funds|funds|Total|funds|funds||Total|
||||2021|2021|2021|2020|2020||2020|
|||||E|E|E||||
|Grants to institutions:||||||||||
|King's Church Ghana
New Hope
Restore Hope Latimer|||14,000
500||14,000
500|7,535|1,284||7,535
1,284|
|Chiltem
Food bank|||100||100|||||
|ROPE||||||||544|544|
|Grants to individuals|(10grants)||14,600
2,700|7,171|14,600
9,871|7,535
3,600|1,828
3,561||9,363
7,161|
||||17,300|7,171||11,135|5,389||16,524|
|4.
Fees||||||||||
||||||||2020|||
|Audit fees
Payroll fees - Cansdales
Consultant
fees|||||4,834
3„506
1,729||4,627
2,371
2,160|||
||||||10,069||9,158|||
|None ofthe fees paid|during the year were paid from|||restricted|funds.|||||
|5.
Employees
and Trustees||||||||||
||||||||2020|||
|Employee costs during the year (including|||key management):|||||||
|Wages and salaries|||||240,196|213,197||||
|Sociai security costs|||||16,288||12,969|||
|Other pension costs|||||12,482||11,145|||
||||||268,966|237,311||||
|Average
monthly
number ofpersons||employed:||||||||
|Continuing
Operations||||||||||
##
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||||||2020|
|---|---|---|---|---|---|
|Key management|compensation:|||||
|Trustees'
emoluments||||80,046|60,?72|
|Trustees expenses||||3,299|1,993|
|Other salaries
and|short-term|employee|benefits|35,135|36,352|
|Post-employment|benefits|||2,108|2,108|
|||||120,588|101,225|
##
|6.
Tangible fixed asset|s||||
|---|---|---|---|---|
||Freehold||||
||Land &|Church|Coffee|Total|
||Buildings|equipment|shop||
|Cost|||||
|At 1 April 2020|3,744,641|326,473|6,670|4,077,784|
|Additions||31,469||31,469|
|Disposais||(52,570)||(52,570)|
|At 31 March 2021|3,744,641|305,372|||
|Depreciation|||||
|At 1 April 2020|464,282|266,248|6,017|736,547|
|Charge for year|74,893|16,518|324|91,735|
|Disposals||(52,570)||(52,570)|
|At 31 March 2021|539,175|230,196||775,712|
|Net book value:|||||
|At 31 March 2021|3,205,466|75,176|||
|At 31 March 2020|3,280,359|60,225|653|3,341,237|
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|Companies
Debtors|Act 20|1|relating to the au|dit of its ind|ividual
acc|ounts
by vir|tue ofsection|479A.|
|---|---|---|---|---|---|---|---|---|
||||||Group||||
|||||||2020||2020|
|Income tax recoverable|||||45,844|41,694|45,844|41,694|
|Debtors due greater than|||12 months||4,650|5,730|4,650|5,730|
|Trade Debtors|||||0|2,324|||
|Other debtors||||||12,007||13,123|
|||||||61,755|67,197|60,547|
|Creditors:|amounts||falling due within one year||||||
||||||2021|2020||2020|
||||||F||||
|Taxes 8 social security|||costs||4,964|5,328||5,328|
|Handelsbanken|loan||||69,976|69,548||69,548|
|Accruals
and|deferred|income|||26,064|27,600||26,205|
||||||101,004|102,476|100,790|101,081|
|Creditors:|amounts||falling due after|more than|one year||||
||||||2021|2020|2021|2020|
|Handelsbanken|loan|||E
385,458||E
455,484|385,458|F
455,484|
|||||385,458|||385,458|455,484|
|Loans payable
Loans payable
Loans payable|1-2years
2-5 years
after 5 years|||70,726
212,178
102,554||70,298
210,894
174,292|70,726
212,178
102,554|70,298
210,894
174,292|
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|and the quar
Restricted|terly
repaym
Funds|
ents
are around F4,190.|
ents
are around F4,190.|
ents
are around F4,190.|
s|
s|
|---|---|---|---|---|---|---|
|The income
ofdonations|funds ofthe
and grants|charity include restricted funds comprising
the
held on trust for specific purposes:|||following
unexpended
balances||
|||Balance at|Incoming|Resources|Outgoing|Balance at|
|||1 April 2020|Resources|Expended|Transfers|31 March 2021|
|Specific donations||F
17,102|19,156|(17,485)||F
F
18,773|
|||17,102|19,156|(17,485}||18,773|
|||Balance at|Incoming|Resources|Outgoing|Balance at|
|||1 April 2019|Resources|Expended|Transfers|31 March 2020|
|||F|F|F||F|
|Specific donations||20,206|14,943|(18,047)||17,102|
|||20,206|14,943|(18,047)||17,102|
##
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|Total Group|||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment||
||||funds|funds|funds|Total|
|Fund balances at31 March 2021 are represented||by.|||||
|Non-current
assets|||2,529,345||751,626|3,280,971|
|Current assets|||168,741|18,773||187,514|
|Creditors: amounts|falling due within one year||(101,004)|||(101,004)|
|Creditors: amounts|falling due after more than one year||(385,458)|||(385,458)|
||||2,211,624|18,773|751,626|2,982,023|
|Fund balances at31 March 2020 are represented||by:|||||
|Non-current
assets|||2,589,61 1||751,626|3,341,237|
|Current assets|||155,277|17,102||172,379|
|Creditors: amounts|falling due within one year||(102,476)|||(102,476)|
|Creditors: amounts|falling due after more than one year||(455,484)|||(455,484)|
||||2,186,928|17,102|751,626|2,955,656|
|Charity|||||||
||||Unrestricted|Restricted|Endowment||
||||funds|funds|funds|Total|
|Fund balances at31 March 2021 are represented||by:|||||
|Non-current
assets|||2,529,017||751,626|3,280,643|
|Current assets|||174,098|18,773||192,871|
|Creditors: amounts
Creditors: amounts|falling due within one year
falling due after more than one year||(100,790)
(385,458)|||(100,790)
(385,458)|
||||2,216,867|18,773|751,626|2,987,266|
|Fund balances at31 March 2020 are represented||by.|||||
|Non-current
asseis|||2,588,959||751,626|3,340,585|
|Current assets|||155,362|17,102||172,464|
|Creditors: amounts
Creditors: amounts|falling due within one year
falling due after more than one|year|(101,081)
(455,484)|||(101,081)
(455,484)|
||||2,187,756|17,102|751,626|2,956,484|
##
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|16
||||||
|---|---|---|---|---|---|
|. Reconciliation
ofsu|rplus to net c|ash inflow from|0peI'atl ng|activities||
|||Group||Charity||
|||2021|2020|2021|2020|
|||||E||
|Net movement
in funds
Add back depreciation
Less inmstment
income
Decrease
in stock||26,367
91,735
(17)
216|1,711
90,056
(49)
350|30,782
91,411
(162)|1,423
89,732
(204)|
|Decrease
in debtors
(Inc)/Dec
in creditors excl bank loans||(1,598)
(2,444|?,443
(6,059)|(6„650)
(1,263)|11,596
(6,731)|
|Net cash used in operating|activities|114,259|93,452|114,118|95,816|
##
||||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|---|---|
||||funds|funds|funds|Total Group|
|||Notes|||||
|Income|||||||
|Donations
and gifts|||485,156|14,321||499,477|
|Income from charitable|activies||||||
|Towards
church activities|||31,448|||32,070|
|Income from other trading activities|||||||
|Hire offacilities
Commercial
trading
activies|||32,595
31,441|||32,595
31,441|
|Investment
income - interest|||||||
|Total income|||580,689|14,943||595,632|
|Expenditure|||||||
|Church activities
Commercial
activities
Governance
costs - Audit|8 legal fees||531,213
35,503
9,158|18,047||549,260
35,503
9,158|
|Total expenditure|||575,874|18,047|||
|Net Income/(expenditure)|||4,815|(3,104)||1,711|
|Net movement
in funds|||4,815|(3,104)||1 711|
|Fund balances at 1 April 2019|||2,182,113|20,206|751,626|2,953,945|
|Fund balances at 31 March 2020|||2,186,928|17,102|751,626|2,955,656|