DocuSign Envelope ID: 5395D17C-5B51-4F4E-8BCD-223F7753267F
Charity number: 1138562
THUNDERSLEY CONGREGATIONAL CHURCH
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
DocuSign Envelope ID: 5395D17C-5B51-4F4E-8BCD-223F7753267F
THUNDERSLEY CONGREGATIONAL CHURCH
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 23 |
DocuSign Envelope ID: 5395D17C-5B51-4F4E-8BCD-223F7753267F
THUNDERSLEY CONGREGATIONAL CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees D Pickett, Senior Minister S Harrison R Keeler, Assistant Minister S Rogers I Rudd, Treasurer D Turner, Assistant Minister C Wingham Charity registered number 1138562 Principal office Kenneth Road Thundersley Essex SS7 3AL Website address www.thebeacon.org Deacons D Low T Ward S Wingham M Wingrave S McMillian Accountants MWS Chartered Accountants Kingsridge House 601 London Road Westcliff-on-Sea Essex SS0 9PE Bankers National Westminster Bank plc 29 East Walk Basildon Essex SS14 1HD
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THUNDERSLEY CONGREGATIONAL CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2021 to 31 December 2021.
Objectives and activities
a. Policies and objectives
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 charitable purposes in the United Kingdom and other parts of the World.
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)'.
b. Activities undertaken to achieve objectives
For the second successive year, the Church was affected by the UK COVID pandemic regulations, which inhibited our normal regular activities.
However, based on the experience gained in 2020, public worship, the advancement of the Christian faith and support to reduce isolation amongst our community, continued throughout the year, in a similar mixture of “online” and “face to face”.
Achievements and performance
a. Review of activities
During the periods when we were able to hold Sunday services at the Church, many people who had found us online, came and joined with us, which has led to an increase in our committed membership. Our Christian Pre School was open for much of the year and has also seen growth.
We are now receiving sufficient support from our Local Co-Ops, to be able to re-supply our 3 Community Little Pantries 4 times a week. We do not monitor who use the facilities, but the Pantries are usually empty each time they are refilled.
During the autumn, we were able to arrange for a year out “Youth 4 Christ” band from the Midlands, to visit three local schools, taking assemblies, some lessons and lunch time concerts. These visits were well received and it is hoped that repeat visits might be arranged during 2022. We were grateful for the willingness of the Headteachers and Senior Staff to have the band and allow their children to enjoy the fun, laughter and reassurance that the band brings in their presentations.
Later in the year our regular Youth work re-commenced, with some changes, and it has been pleasing to see so many come, after such a long break.
Finally, we were able to hold for an 11th year, our Noise Arts Festival in October. The evening sessions at the Church were by ticket admission and a certain degree of caution was evident, with lower numbers than previously seen. However, the outdoor sessions held around the village during the daytime, abounded with families from whom much positive comment was received.
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THUNDERSLEY CONGREGATIONAL CHURCH
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
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 £125,903 (2020: £132,222).
c. Principal risks and uncertainties
All major insurable risks are subject to normal Churches and employer's insurances. 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 risks is undertaken by the Trustees in conjunction with staff and volunteers responsible for the area of activity.
d. Principal funding
The principal funding sources of the charity are the donations received from members of the Church throughout the year.
e. Annual review
At the outset of 2021, we sensed that it could be a challenging year but committed ourselves in faith, to giving our church building a long overdue refresh. This was completed during the summer. It did indeed prove to be a challenging year for many people, and our personal giving fell a little compared to 2020.
However, we were blessed with several unexpected gifts and with a prudence over budgeted expenditure, the year closed with a small surplus. For this we thank our Heavenly Father.
Structure, governance and management
a. Constitution
Thundersley Congregational Church has been a registered placed 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 arrangements for the appointment of Minister, Elders and Deacons.
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THUNDERSLEY CONGREGATIONAL CHURCH
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
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 year 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:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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 Approved Governing Document provided by the Congregational Federation Limited. 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 on 4 April 2022 and signed on their behalf by:
C Wingham
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THUNDERSLEY CONGREGATIONAL CHURCH
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021.
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.
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 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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
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THUNDERSLEY CONGREGATIONAL CHURCH
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
26 April 2022
Signed: Jonathan Gorridge FCA
Dated:
ICAEW
MWS
Kingsridge House 601 London Road Westcliff-on-Sea Essex SS0 9PE
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THUNDERSLEY CONGREGATIONAL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 |
Restricted funds 2021 £ 11,385 - - - 11,385 3,290 3,290 8,095 (11,039) (2,944) 7,085 (2,944) 4,141 |
Unrestricted funds 2021 £ 262,193 129,743 47,677 516 440,129 410,630 410,630 29,499 11,039 40,538 2,460,057 40,538 2,500,595 |
Total funds 2021 £ 273,578 129,743 47,677 516 451,514 413,920 413,920 37,594 - 37,594 2,467,142 37,594 2,504,736 |
Total funds 2020 £ 272,745 123,004 50,446 22,798 |
|---|---|---|---|---|
| 468,993 | ||||
| 374,701 | ||||
| 374,701 | ||||
| 94,292 - |
||||
| 94,292 | ||||
| 2,372,850 94,292 |
||||
| 2,467,142 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 23 form part of these financial statements.
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THUNDERSLEY CONGREGATIONAL CHURCH
BALANCE SHEET AS AT 31 DECEMBER 2021
| 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 assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 15 Unrestricted funds Designated funds 15 General funds 15 Total unrestricted funds 15 Total funds |
10,936 315,832 326,768 (5,833) 2,374,693 125,903 |
2021 £ 2,183,802 2,183,802 320,935 2,504,737 2,504,737 2,504,737 4,141 2,500,596 2,504,737 |
8,815 328,209 337,024 (20,878) 2,327,835 132,222 |
2020 £ 2,150,996 |
|---|---|---|---|---|
| 2,150,996 316,146 |
||||
| 2,467,142 | ||||
| 2,467,142 | ||||
| 2,467,142 | ||||
| 7,085 2,460,057 |
||||
| 2,467,142 |
The financial statements were approved and authorised for issue by the Trustees on 04 April 2022 and signed on their behalf by:
D Turner
I Rudd
The notes on pages 9 to 23 form part of these financial statements.
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 2019), 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 in October 2019 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.
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
2. Accounting policies (continued)
2.2 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.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.3 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.
All expenditure is inclusive of irrecoverable VAT.
2.4 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.
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
2. Accounting policies (continued)
2.5 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:
| Freehold property | - No depreciation |
|---|---|
| Motor vehicles | - 25% reducing balance method |
| Fixtures and fittings | - 25% reducing balance method |
| Freehold improvements | - No depreciation |
2.6 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.
2.7 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.
2.8 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.
2.9 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.
2.10 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.
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
2. Accounting policies (continued)
2.11 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
| Donations Loose cash offerings Envelopes and standing orders Gift aid tax recoverable Specific fund and sundry income Capital donations Subtotal Total 2021 Total 2020 |
Restricted funds 2021 Unrestricted funds 2021 £ £ - 36,759 - 144,875 - 34,983 1,385 45,576 10,000 - 11,385 262,193 11,385 262,193 3,273 269,472 |
Total funds 2021 £ 36,759 144,875 34,983 46,961 10,000 273,578 273,578 272,745 |
Total funds 2020 £ 67,544 125,143 37,924 42,134 - |
|---|---|---|---|
| 272,745 | |||
| 272,745 | |||
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
4. Income from charitable activities
| Unrestricted funds 2021 £ Income from charitable activities - Pre-School 129,743 Total 2020 123,004 |
Total funds 2021 £ 129,743 123,004 |
Total funds 2020 £ 123,004 |
|---|---|---|
5. Investment income
| Investment income - local investment properties Investment income - local cash Total 2021 Total 2020 |
Unrestricted funds 2021 £ 47,677 - 47,677 50,446 |
Total funds 2021 £ 47,677 - 47,677 50,446 |
Total funds 2020 £ 50,370 76 |
|---|---|---|---|
| 50,446 | |||
6. Other incoming resources
| Other income Total 2020 |
Unrestricted funds 2021 £ 516 22,798 |
Total funds 2021 £ 516 22,798 |
Total funds 2020 £ 22,798 |
|---|---|---|---|
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
7. Analysis of expenditure on charitable activities
Summary by fund type
| Church Pre-School Total 2021 Total 2020 |
Restricted funds 2021 Unrestricted funds 2021 £ £ 3,290 289,703 - 120,927 3,290 410,630 1,683 373,018 |
Total funds 2021 £ 292,993 120,927 413,920 374,701 |
Total funds 2020 £ 268,569 106,132 |
|---|---|---|---|
| 374,701 | |||
8. Analysis of expenditure by activities
| Church Pre-School Total 2021 Total 2020 |
Activities undertaken directly 2021 £ 291,193 120,927 412,120 372,715 |
Support costs 2021 £ 1,800 - 1,800 1,986 |
Total funds 2021 £ 292,993 120,927 413,920 374,701 |
Total funds 2020 £ 268,569 106,132 |
|---|---|---|---|---|
| 374,701 | ||||
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Depreciation Ministerial costs Outreach team costs Training costs Support ministries Affiliation fee and licences Church equipment Church consumables Church print and stationery Property costs Mission expenditure The Laurels expenditure Barnabus fund expenditure College students 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 Men's Sheds expenditure Total 2021 Total 2020 |
Church 2021 £ 153,471 934 1,635 1,676 1,856 703 6,305 3,551 3,186 1,869 50,837 30,293 20,270 3,014 1,000 3,514 379 1,367 - 77 1,024 1,266 1,000 1,966 291,193 266,583 |
Pre-School 2021 £ 111,955 - - - - - - - - - - - - - - - - - 8,972 - - - - - 120,927 106,132 |
Total funds 2021 £ 265,426 934 1,635 1,676 1,856 703 6,305 3,551 3,186 1,869 50,837 30,293 20,270 3,014 1,000 3,514 379 1,367 8,972 77 1,024 1,266 1,000 1,966 412,120 372,715 |
Total funds 2020 £ 250,367 1,349 2,096 1,727 567 256 6,475 5,932 2,424 1,943 21,567 21,832 22,360 15,840 - 2,606 530 491 7,018 44 390 1,095 198 5,608 |
|---|---|---|---|---|
| 372,715 | ||||
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
8. Analysis of expenditure by activities (continued)
Analysis of support costs
| Church 2021 £ Governance costs 1,800 Total 2020 1,986 9. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts |
Total funds 2021 £ 1,800 1,986 2021 £ 1,800 |
Total funds 2020 £ 1,986 |
|---|---|---|
| 2020 £ 1,986 |
10. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2021 £ 253,774 3,672 7,979 265,425 |
2020 £ 240,154 2,764 7,449 |
|---|---|---|
| 250,367 |
The average number of persons employed by the Charity during the year was as follows:
| Church Pre-School |
2021 No. 7 19 26 |
2020 No. 7 19 |
|---|---|---|
| 26 |
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.
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
11. Trustees' remuneration and expenses
During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity. The value of Trustees' remuneration and other benefits was as follows:
During the year ended 31 December 2021, expenses totalling £ 2,815 were reimbursed or paid directly to 3 Trustees (2020 - £2,855 to 3 Trustees) .
12. Tangible fixed assets
| Cost or valuation At 1 January 2021 Additions At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
Freehold property £ 2,138,500 27,830 2,166,330 - - - 2,166,330 2,138,500 |
Motor vehicles £ 8,759 - 8,759 8,590 42 8,632 127 169 |
Fixtures and fittings £ 89,282 5,910 95,192 76,955 892 77,847 17,345 12,327 |
Total £ 2,236,541 33,740 |
|---|---|---|---|---|
| 2,270,281 | ||||
| 85,545 934 |
||||
| 86,479 | ||||
| 2,183,802 | ||||
| 2,150,996 |
13. Debtors
| Due within one year Tax recoverable |
2021 £ 10,936 10,936 |
2020 £ 8,815 8,815 |
|---|---|---|
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
14. Creditors: Amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2021 £ 2,856 605 2,372 5,833 |
2020 £ 2,353 624 17,901 |
|---|---|---|
| 20,878 |
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THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
15. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Mission Fund Laurels Management Fund Youth Fund Wednesday Ladies Club Fund Mother & Toddler Group Fund TCC Preschool Fund DCF Fund Barnabus Fund Capital Assets Fund Men's Sheds Ministry General funds General Fund Total Unrestricted funds Restricted funds Benevolent Fund Girls Brigade Fund Boys Brigade Fund Church refurbishment grants Total of funds |
Balance at 1 January 2021 £ 6,551 64,185 797 472 1,933 74,089 448 15,134 2,150,996 13,230 2,327,835 132,222 2,460,057 3,669 1,377 2,039 - 7,085 2,467,142 |
Income £ 14,575 35,134 2,881 224 551 129,744 100 18,190 - 9,055 210,454 229,676 440,130 552 833 - 10,000 11,385 451,515 |
Expenditure £ (30,293) (20,270) (3,514) (379) (1,367) (121,557) (77) (3,014) (934) (1,968) (183,373) (227,257) (410,630) (1,024) (1,266) (1,000) - (3,290) (413,920) |
Transfers in/out £ 15,168 (14,400) - - - (6,900) - - 33,740 (7,831) 19,777 (8,738) 11,039 - - (1,039) (10,000) (11,039) - |
Balance at 31 December 2021 £ 6,001 64,649 164 317 1,117 75,376 471 30,310 2,183,802 12,486 |
|---|---|---|---|---|---|
| 2,374,693 | |||||
| 125,903 | |||||
| 2,500,596 | |||||
| 3,197 944 - - |
|||||
| 4,141 | |||||
| 2,504,737 |
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DocuSign Envelope ID: 5395D17C-5B51-4F4E-8BCD-223F7753267F
THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 Mother & Toddler Group Fund TCC Preschool Fund DCF Fund Barnabus Fund Capital Assets Fund Men's 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) (15,839) (1,349) (5,607) (177,442) (195,577) (373,019) - (390) (1,095) (198) (1,683) (374,702) |
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 15,134 2,150,996 13,230 |
|---|---|---|---|---|---|
| 2,327,835 | |||||
| 132,222 | |||||
| 2,460,057 | |||||
| - 3,669 1,377 2,039 |
|||||
| 7,085 | |||||
| 2,467,142 |
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DocuSign Envelope ID: 5395D17C-5B51-4F4E-8BCD-223F7753267F
THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
16. Summary of funds
Summary of funds - current year
| Designated funds General funds Restricted funds |
Balance at 1 January 2021 £ 2,327,835 132,222 7,085 2,467,142 Balance at 1 January 2020 £ 2,297,687 64,051 11,113 2,372,851 |
Income £ 210,454 229,676 11,385 451,515 Income £ 197,660 268,060 3,273 468,993 |
Expenditure £ (183,373) (227,257) (3,290) (413,920) Expenditure £ (177,442) (195,577) (1,683) (374,702) |
Transfers in/out £ 19,777 (8,738) (11,039) - Transfers in/out £ 9,930 (4,312) (5,618) - |
Balance at 31 December 2021 £ 2,374,693 125,903 4,141 |
|---|---|---|---|---|---|
| 2,504,737 | |||||
| Balance at 31 December 2020 £ 2,327,835 132,222 7,085 |
|||||
| Summary of funds - prior year | |||||
| Designated funds General funds Restricted funds |
|||||
| 2,467,142 |
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. The Boys Brigade closed during the year.
Church Refurbishment Grants are received by the Church for various refurbishment projects.
The Barnabus Fund related to gifts, donations and government grants received for the land purchase within the remit of the Barnabas Project.
The Capital Assets Fund in Designated Fund 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.
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DocuSign Envelope ID: 5395D17C-5B51-4F4E-8BCD-223F7753267F
THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
17. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2021 Unrestricted funds 2021 £ £ - 2,183,802 4,141 322,627 - (5,833) 4,141 2,500,596 |
Total funds 2021 £ 2,183,802 326,768 (5,833) 2,504,737 |
|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2020 £ - 7,085 - 7,085 |
Unrestricted funds 2020 £ 2,150,996 329,939 (20,878) 2,460,057 |
Total funds 2020 £ 2,150,996 337,024 (20,878) 2,467,142 |
|---|---|---|---|
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DocuSign Envelope ID: 5395D17C-5B51-4F4E-8BCD-223F7753267F
THUNDERSLEY CONGREGATIONAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
18. Funds Transfers
Funds transfers are as follows:
£14,400 from the Designated Laurels Management Fund to the Unrestricted General Fund representing the monthly contribution.
£6,900 from the Designated TCC Pre-School Fund to the Unrestricted General Fund representing contributions to Church costs.
£7,831 from the Designated Men's Sheds Ministry to the Designated Capital Assets Fund representing capital assets purchased by fund money.
£15,909 from the Unrestricted General Fund to the Designated Capital Assets Fund representing contribution to capital costs.
£10,000 from the Restricted Church Refurbishment Grant to the Designated Capital Assets Fund representing a donation received contributing to the cost of new Church doors.
£15,167 from the Unrestricted General Fund to the Designated Mission Fund representing contributions to the balance of outreach and other projects.
£1,039 from the Restricted Boys Brigade Fund to the Unrestricted General Fund, representing the closure of the fund.
19. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £2,600 (2020: £2,378). Contributions totalling £604 (2020: £624) were payable to the fund at the balance sheet date and are included in creditors.
20. Related party transactions
During the year Trustees gave a total of £19,150 (2020: £18,615) in unrestricted donations to the charity.
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