OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Charity number: 1138562

THUNDERSLEY CONGREGATIONAL CHURCH

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

THUNDERSLEY CONGREGATIONAL CHURCH

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Examiner's Report 6 - 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 - 23

THUNDERSLEY CONGREGATIONAL CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees

D Pickett, Senior Minister

C Govus C Wingham

I Rudd, Treasurer

S Rogers

R Keeler, Assistant Minister

D Turner, Assistant Minister

Charity registered number

1138562

Principal office

Kenneth Road Thundersley Essex SS7 3AL

Deacons

S McMillan T Ward D Low S Wingham M Wingrave S Govus, Secretary

Website address

www.thebeacon.org

Accountants

Venthams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB

Bankers

National Westminster Bank plc 29 East Walk Basildon Essex SS14 1HD

Page 1

THUNDERSLEY CONGREGATIONAL CHURCH

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their annual report together with the financial statements of the charity for the 1 January 2020 to 31 December 2020.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

The principal purpose of the Church is the advancement of the Christian faith according to the principles and usages for the time being of Congregationalism and in accordance with any specific requirements in the Foundation Trusts.

The Church may also advance education, relieve need and carry out other chairatble purposes in the United Kingdom and other parts of the World.

b. Activities undertaken to achieve objectives

The Church is usually open every day and runs a wide range of activities for all ages. Up to date information regarding these is made available on the Church website. However, 2020 was not a usual year.

The various UK COVID-19 pandemic regulations that applied through the year, required the Church Elders to review how the Church could enable the continuation of public worship and the advancement of the Christian faith, in a different environment.

Page 2

THUNDERSLEY CONGREGATIONAL CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements and performance

a. Review of activities

For much of the year the Church site could not be open, although the Pre-School Ministry did continue, as regulations permitted. However, the Parent & Toddler groups, youth work and other mid-week activities, were all required to cease meeting.

Arrangements were made to enable the approved number of people to join in public Worship on a Sunday whilst possible. The necessary Risk Assessments were prepared and an online system was adapted to grant access in a fair and encouraging manner.

A weekly e.newsletter was circulated to keep Church members and the wider community informed of other new online events, sharing family news and prayer requests. Our Church and Community has not been unaffected by the virus and we have sought to support those that we knew had been directly impacted.

The Church developed the use of Zoom meetings. This enabled the oversight of the Church by the Elders during lockdown; the mid-week home groups, together with the children and youth groups also “Zoomed” which helped with maintaining contact and friendships. A Sunday evening prayer meeting and a monthly Church prayer meeting have also been started.

During the spring a facility was set up to live broadcast a Sunday morning service, to stand alongside a morning devotional thought each day and a 15-minute Bible study three times a week, published on social media. These broadcasts have been well supported.

It was possible to continue refilling twice weekly our local Little Pantries with food kindly supplied by our local CoOps, to keep our Little Libraries stocked with books and to run the October Noise Arts Festival online. We also left a large plastic box on the Church Office doorstep and invited whomever, to leave/borrow jigsaws. This has been exceptionally well used by our local community, even though it was completely removed on one occasion.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The Trustees have set a policy of retaining reserves for the foreseeable needs of the Church so that the free reserves (general funds) are available to meet the costs of the normal running expenses of the church and to ensure that commitments entered into can be met. The required level of free reserves is not set at a specific formula.

The free reserves of the Church at the year end date was £132,222 (2019: £64,051).

c. Principal risks and uncertainties

All major insurable risks are subject to normal Churches and employers’ insurance. Contractual risks are reviewed before being entered into to assess that they could not significantly impact upon the Church’s ability to fulfil its objectives. An annual review of all areas of risk is undertaken by the Trustees in conjunction with staff and volunteers responsible for the area of activity.

Page 3

THUNDERSLEY CONGREGATIONAL CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

d. Annual Review

2020 was an unusual year also in financial terms. During the year the majority of Church members changed their regular giving, made usually via the weekly offerings at Sunday services, to either a monthly standing order or direct online giving. In addition, we were able to ascertain that the Employers National Insurance basis for our Ministers had changed and a refund was received. This is shown as Other Income in the Notes to the Accounts.

Despite all the challenges of COVID-19, the Church has been blessed with sufficient income to meet all outgoings in the year and to have a surplus available ready for the extension of ministry. For this we thank our Heavenly Father.

e. Principal funding

The principal funding sources of the charity is the donations received from members of the Church throughout the year.

Structure, governance and management

a. Constitution

Thundersley Congregational Church has been a registered place of worship since its formation in 1906 and since 2010, has been registered by the Charity Commission as a UK Charity (no 1138562).

An Approved Governing Document provided by the Congregational Federation Limited and adopted by the Church, confirms that the Ministers and Elders are the managing Trustees of the Charity.

b. Methods of appointment or election of Trustees

The day-to-day operation of the Church is governed by a set of Rules (adopted by the Church in March 2013) which states the conditions of membership and the arrangements for the appointment of Ministers, Elders and Deacons.

Page 4

THUNDERSLEY CONGREGATIONAL CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.

Approved by order of the members of the board of Trustees and signed on their behalf by:

.. ~~..............................................~~ Colin Wingham (Mar 16, 2021, 1:43pm) C Wingham

Date: 16 Mar 2021

Page 5

THUNDERSLEY CONGREGATIONAL CHURCH

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Independent Examiner's Report to the Trustees of Thundersley Congregational Church ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Page 6

THUNDERSLEY CONGREGATIONAL CHURCH

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

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 ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Stuart Rowson (Mar 17, 2021, 11:57am) 17 Mar 2021 Signed: Dated: S A Rowson FCA

Venthams

Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB

Page 7

THUNDERSLEY CONGREGATIONAL CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2020
£
269,472
123,004
50,446
22,798
465,720
373,020
373,020
92,700
5,618
98,318
2,361,738
98,318
2,460,056		 Restricted
funds
2020
£
3,273
-
-
-
3,273
1,683
1,683
1,590
(5,618)
(4,028)
11,113
(4,028)
7,085		 Total
funds
2020
£
272,744
123,004
50,446
22,798
468,993
374,703
374,703
94,290
-
94,290
2,372,851
94,290
2,467,141		 Total
funds
2019
£
317,133
131,663
54,863
-
503,659
452,072
452,072
51,587
-
51,587
2,321,264
51,587
2,372,851

Page 8

THUNDERSLEY CONGREGATIONAL CHURCH

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 8,815
328,208
337,023
(20,878)		 2020
£
2,150,996
2,150,996
316,145
2,467,141
7,085
2,460,056
2,467,141		 9,180
252,462
261,642
(27,890)		 2019
£
2,139,099
2,139,099
233,752
2,372,851
11,113
2,361,738
2,372,851

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ Stephen Rogers (Mar 16, 2021, 8:57pm) S Rogers

Ian Rudd

................................................ Ian Rudd (Mar 16, 2021, 2:11pm) I Rudd

Date: 16 Mar 2021

16 Mar 2021

Page 9

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

THUNDERSLEY CONGREGATIONAL CHURCH

1. General information

Thundersley Congregational Church is an unincorporated charity registered in England and Wales. Its principal office address is Kenneth Road, Thundersley, Essex, SS7 3AL.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Thundersley Congregational Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees are of the opinion that the charity should not be significantly affected by the pandemic caused by the coronavirus (Covid-19) and believe that the charity is a going concern. Accordingly, the Financial Statements have been prepared on that basis.

Page 10

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the charity's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 11

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.10 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Page 12

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.12 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 and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

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 costs 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.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2020
£
Donations
Loose cash offerings
67,544
Envelopes and standing orders
125,143
Gift aid tax recoverable
37,924
Specific fund and sundry income
38,861
Total 2020
269,472
Total 2019
304,529		 Restricted
funds
2020
£
-
-
-
3,273
3,273
12,604		 Total
funds
2020
£
67,544
125,143
37,924
42,134
272,745
317,133		 Total
funds
2019
£
57,053
128,158
42,726
89,196
317,133

4. Income from charitable activities

Unrestricted
funds
2020
£
Income from charitable activities - Pre-school
123,004
Total 2019
131,663		 Total
funds
2020
£
123,004
131,663		 Total
funds
2019
£
131,663

Page 13

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

5. Investment income

Unrestricted
funds
2020
£
Investment income - local investment properties
50,370
Investment income - local cash
76
Total 2020
50,446
Total 2019
54,863		 Total
funds
2020
£
50,370
76
50,446
54,863		 Total
funds
2019
£
54,690
173
54,863

6. Other incoming resources

Unrestricted Total Total
funds funds funds
2020 2020 2019
£ £ £
Other income 22,798 22,798 -

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2020
£
Church
266,889
Pre-school
106,131
Total 2020
373,020
Total 2019
438,164		 Restricted
funds
2020
£
1,683
-
1,683
13,908		 Total
funds
2020
£
268,572
106,131
374,703
452,072		 Total
funds
2019
£
336,451
115,621
452,072

Page 14

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7. Analysis of expenditure on charitable activities (continued)

Summary by expenditure type

Church
Pre-school
Total 2020
Total 2019		 Staff costs
2020
Depreciation
2020
£
£
151,253
1,349
99,114
-
250,367
1,349
264,758
201		 Other costs
2020
£
115,970
7,017
122,987
187,113		 Total
funds
2020
£
268,572
106,131
374,703
452,072		 Total
funds
2019
£
336,451
115,621
452,072

8. Analysis of expenditure by activities

Church
Pre-school
Total 2020
Total 2019		 Activities
undertaken
directly
2020
£
266,586
106,131
372,717
450,152		 Support
costs
2020
£
1,986
-
1,986
1,920		 Total
funds
2020
£
268,572
106,131
374,703
452,072		 Total
funds
2019
£
336,451
115,621
452,072

Page 15

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Ministerial costs
Outreach team costs
Training
Support ministries
Sundry expenses
Affiliation fee and licences
Church equipment
Church consumables
Church print and stationery
Property costs
Mission expenditure
The Laurels expenditure
Barnabus fund expenditure
Youth activities
Wednesday Ladies Club expenditure
Parent & Toddler Group expenditure
Pre-school expenditure
Disabled Christian Fellowship expenditure
Benevolent fund expenditure
Girls Brigade fund expenditure
Boys Brigade fund expenditure
Karisma Kids expenditure
Mens Sheds expenditure
Total 2019		 Church
2020
£
151,253
1,349
2,095
1,728
567
256
-
6,475
5,934
2,424
1,943
21,569
21,831
22,360
15,840
2,606
530
491
-
44
390
1,095
198
-
5,608
266,586
334,531		 Pre-school
2020
£
99,113
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7,018
-
-
-
-
-
-
106,131
115,621		 Total
funds
2020
£
250,366
1,349
2,095
1,728
567
256
-
6,475
5,934
2,424
1,943
21,569
21,831
22,360
15,840
2,606
530
491
7,018
44
390
1,095
198
-
5,608
372,717
450,152		 Total
funds
2019
£
264,758
201
2,714
2,836
3,732
1,457
365
3,673
4,800
4,341
3,113
54,986
32,525
16,605
2,218
5,554
1,052
1,189
7,525
300
4,750
3,598
4,660
900
22,300
450,152

Page 16

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Governance costs
Total 2019		 Church
2020
£
1,986
1,920		 Total
funds
2020
£
1,986
1,920		 Total
funds
2019
£
1,920

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,986 ( 2019 - £1,920 ).

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2020
£
240,155
2,764
7,448
250,367		 2019
£
245,981
11,619
7,158
264,758

The average number of persons employed by the charity during the year was as follows:

Church
Pre-School		 2020
No.
7
12
19		 2019
No.
7
12
19

No employee received remuneration amounting to more than £60,000 in either year.

In addition to paid positions, a significant number of members give generously of their time and skills, to run the various ministries, as volunteers.

Page 17

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

11. Trustees' remuneration and expenses

During the year, one or more Trustees has received remuneration or has had pension contributions paid by the charity. The authority of the remuneration of ministers can be found in the Declaration of Trust of the Church. The value of Trustees' remuneration and other benefits was as follows:

2020 2019
£ £
D Pickett, Senior Minister Remuneration 36,140 34,750
Pension contributions paid 5,070 4,956
D Turner Remuneration 28,100 27,208
Pension contributions paid 657 578
R Keeler Remuneration 28,100 27,208
Pension contributions paid 657 578

During the year ended 31 December 2020, expenses totalling £ 2,855 were reimbursed or paid directly to 3 Trustees (2019 - £4,263 to 3 Trustees) .

12. Tangible fixed assets

Cost or valuation
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Freehold
property
£
2,138,500
-
2,138,500
-
-
-
2,138,500
2,138,500		 Motor
vehicles
£
8,759
-
8,759
8,534
56
8,590
169
225		 Fixtures and
fittings
£
76,036
13,246
89,282
75,662
1,293
76,955
12,327
374		 Total
£
2,223,295
13,246
2,236,541
84,196
1,349
85,545
2,150,996
2,139,099

Page 18

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

13. Debtors

Due within one year
Tax recoverable		 2020
£
8,815
8,815		 2019
£
9,180
9,180

14. Creditors: Amounts falling due within one year

Other taxation and social security
Other creditors
Accruals and deferred income		 2020
£
2,353
624
17,901
20,878		 2019
£
3,577
555
23,758
27,890

Page 19

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Mission Fund
Laurels Management Fund
Youth Fund
Wednesday Ladies Club Fund
Parent & Toddler Group Fund
TCC Preschool Fund
DCF Fund
Barnabus Fund
Capital Assets Fund
Mens Sheds Ministry
General funds
General Fund
Total Unrestricted funds
Restricted funds
Karisma Kids in Romania Fund
Benevolent Fund
Girls Brigade Fund
Boys Brigade Fund
Total of funds		 Balance at 1
January
2020
£
600
64,975
711
723
2,822
64,370
412
18,324
2,139,099
5,651
2,297,687
64,051
2,361,738
5,508
2,616
1,742
1,247
11,113
2,372,851		 Income
£
9,799
35,970
2,693
279
-
123,004
80
12,649
-
13,186
197,660
268,060
465,720
-
1,443
730
1,100
3,273
468,993		 Expenditure
£
(21,872)
(22,360)
(2,607)
(530)
(491)
(106,743)
(44)
(15,840)
(1,349)
(5,607)
(177,443)
(195,577)
(373,020)
-
(390)
(1,095)
(198)
(1,683)
(374,703)		 Transfers
in/out
£
18,024
(14,400)
-
-
(398)
(6,542)
-
-
13,246
-
9,930
(4,312)
5,618
(5,508)
-
-
(110)
(5,618)
-		 Balance at
31
December
2020
£
6,551
64,185
797
472
1,933
74,089
448
15,133
2,150,996
13,230
2,327,834
132,222
2,460,056
-
3,669
1,377
2,039
7,085
2,467,141

Page 20

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Mission Fund
Laurels Management Fund
Youth Fund
Wednesday Ladies Club Fund
Parent & Toddler Group Fund
TCC Preschool Fund
DCF Fund
Barnabus Fund
Capital Assets Fund
Mens Sheds Ministry
General funds
General Fund
Total Unrestricted funds
Restricted funds
Karisma Kids in Romania Fund
Benevolent Fund
Girls Brigade Fund
Boys Brigade Fund
Total of funds		 Balance at
1 January
2019
£
2,112
55,690
2,000
705
3,065
55,381
378
(7,844)
2,139,300
8,311
2,259,098
49,640
2,308,738
6,408
1,928
1,588
2,602
12,526
2,321,264		 Income
£
19,371
40,290
4,265
1,204
1,641
131,663
333
28,386
-
19,640
246,793
244,262
491,055
-
5,438
3,752
3,414
12,604
503,659		 Expenditure
£
(32,890)
(16,605)
(5,554)
(1,052)
(1,189)
(116,273)
(299)
(2,218)
(201)
(22,300)
(198,581)
(239,583)
(438,164)
(900)
(4,750)
(3,598)
(4,660)
(13,908)
(452,072)		 Transfers
in/out
£
12,007
(14,400)
-
(134)
(695)
(6,401)
-
-
-
-
(9,623)
9,732
109
-
-
-
(109)
(109)
-		 Balance at
31
December
2019
£
600
64,975
711
723
2,822
64,370
412
18,324
2,139,099
5,651
2,297,687
64,051
2,361,738
5,508
2,616
1,742
1,247
11,113
2,372,851

Page 21

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

16. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
January
2020
£
2,297,687
64,051
11,113
2,372,851
Balance at
1 January
2019
£
2,259,098
49,640
12,526
2,321,264		 Income
£
197,660
268,060
3,273
468,993
Income
£
246,793
244,262
12,604
503,659		 Expenditure
£
(177,443)
(195,577)
(1,683)
(374,703)
Expenditure
£
(198,581)
(239,583)
(13,908)
(452,072)		 Transfers
in/out
£
9,930
(4,312)
(5,618)
-
Transfers
in/out
£
(9,623)
9,732
(109)
-		 Balance at
31
December
2020
£
2,327,834
132,222
7,085
2,467,141
Balance at
31
December
2019
£
2,297,687
64,051
11,113
2,372,851
Summary of funds - prior year
Designated funds
General funds
Restricted funds

The Karisma Kids in Romania Fund was for the support of the Children in Lancram, Romania. However this ministry ceased 11 years ago and since then all the children we were supporting, have reached adulthood, with some of them now living independently in the UK.

The remaining monies held in the restricted Karisma Kids in Romania fund were originally transferred from general funds to support this ministry. In effect they were designated rather than restricted monies and as such have been transferred back to the general fund, under the Mission designation, this year.

The Benevolent Fund comprises gifts received for support of those in need.

Girls and Boys Brigade Funds are restricted funds for the work of these self-financing groups within the Church.

Church Refurbishment Grants are grants received by the Church for various refurbishment projects.

The Barnabas Fund relates to gifts, donations and government grants received for the land purchase within the remit of the Barnabas Project.

The Capital Assets Fund in Designated Funds represents the value of Church property, land, manses and The Laurels, which the Church is free to use but not to sell for cash. It also includes vehicles and other equipment.

Page 22

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

17. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2020
£
Tangible fixed assets
2,150,996
Current assets
329,938
Creditors due within one year
(20,878)
Total
2,460,056
Analysis of net assets between funds - prior period
Unrestricted
funds
2019
£
Tangible fixed assets
2,139,099
Current assets
250,529
Creditors due within one year
(27,890)
Total
2,361,738		 Restricted
funds
2020
£
-
7,085
-
7,085
Restricted
funds
2019
£
-
11,113
-
11,113		 Total
funds
2020
£
2,150,996
337,023
(20,878)
2,467,141
Total
funds
2019
£
2,139,099
261,642
(27,890)
2,372,851

18. Pension commitments

The charity operates a defined contributons pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £2,378 (2019: £2,203). Contributions totalling £624 (2019: £555) were payable to the fund at the balance sheet date and are iincluded in creditors.

19. Related party transactions

During the year the Trustees gave a total of £18,615 (2019: £16,395) in unrestricted donations to the charity.

Page 23

Issuer

Issuer Venthams Document generated Tue, 16th Mar 2021 12:33:44 UTC

Document fingerprint 302fcbdba0a3fee4961fd588356913de

Parties involved with this document

Document processed

Party + Fingerprint

Tue, 16th Mar 2021 13:43:11 UTC Tue, 16th Mar 2021 14:11:18 UTC Tue, 16th Mar 2021 20:57:02 UTC Wed, 17th Mar 2021 11:57:17 UTC

Colin Wingham - Signer (f1ac6834a4faae89b420aca045c6baf6) Ian Rudd - Signer (34a1ca9ddaead472b0d405f60c2c290d) Stephen Rogers - Signer (ff9272d00cb52be3dcb4e223a9ac11ad) Stuart Rowson - Signer (52d54cdd509dfbfd59430f882f131630)

Audit history log

Date

Action

Wed, 17th Mar 2021 11:57:17 UTC Wed, 17th Mar 2021 11:57:17 UTC Wed, 17th Mar 2021 11:40:31 UTC Wed, 17th Mar 2021 9:22:22 UTC Tue, 16th Mar 2021 21:20:23 UTC Tue, 16th Mar 2021 20:58:48 UTC Tue, 16th Mar 2021 20:57:03 UTC Tue, 16th Mar 2021 20:57:02 UTC

Tue, 16th Mar 2021 20:57:02 UTC Tue, 16th Mar 2021 20:44:24 UTC Tue, 16th Mar 2021 20:43:55 UTC Tue, 16th Mar 2021 20:43:44 UTC Tue, 16th Mar 2021 20:42:21 UTC Tue, 16th Mar 2021 20:40:00 UTC Tue, 16th Mar 2021 20:22:42 UTC Tue, 16th Mar 2021 20:22:42 UTC Tue, 16th Mar 2021 20:22:42 UTC

The envelope has been signed by all parties. (213.2.23.177) Stuart Rowson signed the envelope. (213.2.23.177) Stuart Rowson viewed the envelope. (213.2.23.177) Stuart Rowson opened the document email. (213.2.23.177) Stuart Rowson opened the document email. (213.2.177.216) Colin Wingham opened the document email. (31.124.33.241) Document emailed to stuart.rowson@venthams.com (3.10.119.48) Sent the envelope to Stuart Rowson (stuart.rowson@venthams.com) for signing. (2.26.216.182) Stephen Rogers signed the envelope. (2.26.216.182) Stephen Rogers viewed the envelope. (2.26.216.182) Stephen Rogers opened the document email. (2.26.216.182) Stephen Rogers opened the document email. (2.26.216.182) Stephen Rogers opened the document email. (2.26.216.182) Ian Rudd opened the document email. (86.150.85.68) Stephen Rogers opened the document email. (2.26.216.182) Stephen Rogers opened the document email. (2.26.216.182) Stephen Rogers opened the document email. (2.26.216.182)

Tue, 16th Mar 2021 15:09:58 UTC Tue, 16th Mar 2021 14:11:19 UTC Tue, 16th Mar 2021 14:11:18 UTC

Tue, 16th Mar 2021 14:11:18 UTC Tue, 16th Mar 2021 14:07:30 UTC Tue, 16th Mar 2021 14:07:18 UTC Tue, 16th Mar 2021 13:43:11 UTC Tue, 16th Mar 2021 13:43:11 UTC

Tue, 16th Mar 2021 13:43:11 UTC Tue, 16th Mar 2021 13:40:39 UTC Tue, 16th Mar 2021 12:55:01 UTC Tue, 16th Mar 2021 12:55:01 UTC

Tue, 16th Mar 2021 12:40:42 UTC Tue, 16th Mar 2021 12:40:42 UTC Tue, 16th Mar 2021 12:40:42 UTC Tue, 16th Mar 2021 12:40:42 UTC Tue, 16th Mar 2021 12:34:44 UTC

Tue, 16th Mar 2021 12:34:28 UTC Tue, 16th Mar 2021 12:33:44 UTC

Ian Rudd opened the document email. (86.150.85.68) Document emailed to srogers_acc@hotmail.co.uk (3.10.119.34) Sent the envelope to Stephen Rogers (srogers_acc@hotmail.co.uk) for signing. (86.150.85.68) Ian Rudd signed the envelope. (86.150.85.68) Ian Rudd viewed the envelope. (86.150.85.68) Ian Rudd opened the document email. (86.150.85.68) Document emailed to ianrudd@msn.com (3.10.210.113) Sent the envelope to Ian Rudd (ianrudd@msn.com) for signing. (193.39.136.175)

Colin Wingham signed the envelope. (193.39.136.175) Colin Wingham viewed the envelope. (193.39.136.175) Document emailed to colinwingham@sky.com (3.10.52.93) Sent the envelope to Colin Wingham (colinwingham@sky.com) for signing. (2.25.134.161)

Stuart Rowson has been assigned to this envelope (2.25.134.161) Stephen Rogers has been assigned to this envelope (2.25.134.161) Ian Rudd has been assigned to this envelope (2.25.134.161) Colin Wingham has been assigned to this envelope (2.25.134.161) Document generated with fingerprint

7e5df22b7e09a0b45b4c5b9ae91e80c0 (2.25.134.161) Document generated with fingerprint 302fcbdba0a3fee4961fd588356913de (2.25.134.161) Envelope generated by Victoria Butler (2.25.134.161)