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2022-12-31-accounts

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

Charity number: 1138562

THUNDERSLEY CONGREGATIONAL CHURCH

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

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 - 24

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees D Pickett, Senior Minister S Harrison R Keeler, Associate Minister S Rogers I Rudd, Treasurer D Turner, Senior Minister Designate 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 - January to April 2022 S McMillan - January to November 2022 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

Page 1

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report together with the financial statements of the Charity for the 1 January 2022 to 31 December 2022.

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

This year, the weekly activities for all ages fully recommenced and after the difficult Pandemic period, we were grateful that numbers increased in most ministries.

The Church also decided by ballot, to affiliate to the new Elim Network.

Page 2

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

a. Review of activities

On most Sundays, 3 Church services were held, one of which was broadcast live each week. During these broadcast services, a separate programme of Christian worship and teaching was provided for Children and teenagers. The Sunday ministry has steadily grown and consideration is being given to how the site should be developed for the future.

The number attending mid-week small groups, largely meeting in the homes of Members of the fellowship, have also increased and several training sessions have been delivered, to help support the existing and newly appointed volunteer leaders. One group held for ladies each Tuesday morning at the Church, celebrated their formation 65 years ago.

Our Christian Pre School had their regular OFSTED Inspection and were pleased to receive another “Good” rating. Numbers have been lower during the year, partly due to new enterprises starting up in local schools, but it has enabled the Manager and her team to have an additional Easter intake, which has been appreciated by parents.

It was also possible to revive the favourite Children’s Holiday Club week at the beginning of the summer break, which again was well attended. For the older Youth, a new week away at the Elim Limitless Festival was arranged and thoroughly enjoyed.

We were able this year, to provide a local Secondary School with a fresh form of support, by training volunteers to be able to give student coaching and a new Warm Centre Mid-day weekly event was started in the Autumn for a trial period, to help with the significantly unsettling cost of living increases which have affected many local people.

Other ministries have continued, some with new volunteer leaders.

Finally, we commenced the year, knowing that our Senior Minister would be retiring in October 2023 and, with his wife, would be moving to Devon. A transitional plan had been prepared and our two Assistant Ministers completed their University degrees in Theology in 2020 and their Minister in Training programme with Elim, in November 2021. It was with a great sense of joy and thankfulness therefore, that many of the Church fellowship attended a special service in Birmingham in the summer, at which they were Ordained by the Elim movement.

In September they were then formally accepted by ballot at the Church Family Meeting, as Senior Minister designate and Associate Minister, in preparation for succession.

Page 3

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

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 £144,181 (2021: £125,904).

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

We have been blessed by an increase in regular giving from our members, which has enabled us to cover all our expenditure, during a year of unusual economic turbulence.

For this, together with the continued willingness of so many of our members to take responsibility as volunteers for various ministries, we give thanks to 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.

Page 4

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

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 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 17 April 2023 and signed on their behalf by:

C Wingham

Page 5

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022.

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:

  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.

Page 6

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

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.

Signed: Jonathan Gorridge FCA

Dated: 17 April 2023 ICAEW

MWS Kingsridge House 601 London Road Westcliff-on-Sea Essex SS0 9PE

Page 7

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

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 movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2022
£
4,081
-
-
-
4,081
3,513
3,513
568
4,141
568
4,709		 Unrestricted
funds
2022
£
295,244
127,178
54,240
2,518
479,180
435,434
435,434
43,746
2,500,595
43,746
2,544,341		 Total
funds
2022
£
299,325
127,178
54,240
2,518
483,261
438,947
438,947
44,314
2,504,736
44,314
2,549,050		 Total
funds
2021
£
273,578
129,743
47,677
516
451,514
413,920
413,920
37,594
2,467,142
37,594
2,504,736

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 24 form part of these financial statements.

Page 8

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

BALANCE SHEET AS AT 31 DECEMBER 2022

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		 9,571
372,053
381,624
(13,121)
2,400,160
144,181		 2022
£
2,180,547
2,180,547
368,503
2,549,050
2,549,050
2,549,050
4,709
2,544,341
2,549,050		 10,936
315,832
326,768
(5,834)
2,374,692
125,903		 2021
£
2,183,802
2,183,802
320,934
2,504,736
2,504,736
2,504,736
4,141
2,500,595
2,504,736

The financial statements were approved and authorised for issue by the Trustees on 17 April 2023 and signed on their behalf by:

D Turner

I Rudd

The notes on pages 10 to 24 form part of these financial statements.

Page 9

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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.

Page 10

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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.

Page 11

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.4 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

2.5 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.

2.6 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.

2.7 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.

2.8 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.

2.9 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

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.10 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 2022
Total 2021		 Restricted
funds
2022
£
-
-
-
4,081
-
4,081
4,081
11,385		 Unrestricted
funds
2022
£
54,590
145,674
33,401
61,579
-
295,244
295,244
262,193		 Total
funds
2022
£
54,590
145,674
33,401
65,660
-
299,325
299,325
273,578		 Total
funds
2021
£
36,759
144,875
34,983
46,961
10,000
273,578
273,578

Page 13

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4. Income from charitable activities

Income from charitable activities - Pre-School
Total 2021
Investment income
Investment income - local investment properties
Total 2021
Other incoming resources
Other income
Total 2021		 Unrestricted
funds
2022
£
127,178
129,743
Unrestricted
funds
2022
£
54,240
47,677
Unrestricted
funds
2022
£
2,518
516		 Total
funds
2022
£
127,178
129,743
Total
funds
2022
£
54,240
47,677
Total
funds
2022
£
2,518
516		 Total
funds
2021
£
129,743
Total
funds
2021
£
47,677
Total
funds
2021
£
516

5. Investment income

6. Other incoming resources

Page 14

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure on charitable activities

Summary by fund type

Church
Pre-School
Total 2021
Analysis of expenditure by activities
Church
Pre-School
Total 2022
Total 2021		 Restricted
funds
2022
£
3,513
-
3,513
3,290
Activities
undertaken
directly
2022
£
321,810
115,157
436,967
412,120		 Unrestricted
funds
2022
£
320,277
115,157
435,434
410,630
Support
costs
2022
£
1,980
-
1,980
1,800		 Total
2022
£
323,790
115,157
438,947
413,920
Total
funds
2022
£
323,790
115,157
438,947
413,920		 Total
2021
£
292,993
120,927
413,920
Total
funds
2021
£
292,993
120,927
413,920

8. Analysis of expenditure by activities

Page 15

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022
Total 2021		 Church
2022
£
164,201
4,357
3,631
2,494
6,151
2,918
5,009
4,426
2,792
2,184
42,914
42,163
15,401
3,151
-
10,994
774
1,207
-
153
2,000
1,513
-
3,377
321,810
291,193		 Pre-School
2022
£
110,972
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,185
-
-
-
-
-
115,157
120,927		 Total
funds
2022
£
275,173
4,357
3,631
2,494
6,151
2,918
5,009
4,426
2,792
2,184
42,914
42,163
15,401
3,151
-
10,994
774
1,207
4,185
153
2,000
1,513
-
3,377
436,967
412,120		 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
8,970
77
1,024
1,266
1,000
1,968
412,120

Page 16

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Church
2022
£
Governance costs
1,980
Total 2021
1,800
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
2022
£
1,980
1,800
2022
£
1,980		 Total
funds
2021
£
1,800
2021
£
1,800

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
261,571
5,163
8,439
275,173		 2021
£
253,774
3,672
7,979
265,425

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

Church
Pre-School		 2022
No.
8
12
20		 2021
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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DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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:

2022 2021
£ £
D Pickett Remuneration 38,475 37,050
Pension contributions paid 5,706 5,379
D Turner Remuneration 30,868 28,815
Pension contributions paid 739 677
R Keeler Remuneration 30,868 28,815
Pension contributions paid 739 677

During the year ended 31 December 2022, expenses totalling £ 2,804 were reimbursed or paid directly to 3 Trustees (2021 - £2,815 to 3 Trustees) .

12. Tangible fixed assets

Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Freehold
property
£
2,166,330
-
2,166,330
-
-
-
2,166,330
2,166,330		 Motor
vehicles
£
8,759
-
8,759
8,632
32
8,664
95
127		 Fixtures and
fittings
£
95,192
1,102
96,294
77,847
4,325
82,172
14,122
17,345		 Total
£
2,270,281
1,102
2,271,383
86,479
4,357
90,836
2,180,547
2,183,802

Page 18

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. Debtors

Due within one year
Other debtors
Tax recoverable		 2022
£
605
8,966
9,571		 2021
£
-
10,936
10,936

14. Creditors: Amounts falling due within one year

Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
3,025
1,069
9,027
13,121		 2021
£
2,856
605
2,373
5,834

Page 19

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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
Total of funds		 Balance at 1
January
2022
£
6,000
64,649
164
317
1,117
75,376
471
30,310
2,183,802
12,486
2,374,692
125,903
2,500,595
3,197
944
4,141
2,504,736		 Income
£
21,186
37,440
10,910
1,104
251
127,179
155
21,136
-
6,836
226,197
252,983
479,180
2,442
1,639
4,081
483,261		 Expenditure
£
(43,126)
(15,400)
(10,994)
(774)
(1,209)
(115,132)
(153)
(3,151)
(4,357)
(3,378)
(197,674)
(237,760)
(435,434)
(2,000)
(1,513)
(3,513)
(438,947)		 Transfers
in/out
£
21,136
(17,868)
-
-
-
(7,425)
-
-
1,102
-
(3,055)
3,055
-
-
-
-
-		 Balance at
31
December
2022
£
5,196
68,821
80
647
159
79,998
473
48,295
2,180,547
15,944
2,400,160
144,181
2,544,341
3,639
1,070
4,709
2,549,050

Page 20

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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
Mens 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
£
(30,294)
(20,270)
(3,514)
(379)
(1,367)
(121,557)
(77)
(3,014)
(934)
(1,968)
(183,374)
(227,257)
(410,631)
(1,024)
(1,266)
(1,000)
-
(3,290)
(413,921)		 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
£
6,000
64,649
164
317
1,117
75,376
471
30,310
2,183,802
12,486
2,374,692
125,903
2,500,595
3,197
944
-
-
4,141
2,504,736

Page 21

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

16. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 31
January Transfers December
2022 Income Expenditure in/out 2022
£ £ £ £ £
Designated funds 2,374,692 226,197 (197,674) (3,055) 2,400,160
General funds 125,903 252,983 (237,760) 3,055 144,181
Restricted funds 4,141 4,081 (3,513) - 4,709
2,504,736 483,261 (438,947) - 2,549,050
Summary of funds - prior year
Balance at
Balance at 31
1 January Transfers December
2021 Income Expenditure in/out 2021
£ £ £ £ £
Designated funds 2,327,835 210,454 (183,374) 19,777 2,374,692
General funds 132,222 229,676 (227,257) (8,738) 125,903
Restricted funds 7,085 11,385 (3,290) (11,039) 4,141
2,467,142 451,515 (413,921) - 2,504,736

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

Girls Brigade Funds are restricted funds for the work of this self-financing group within the church.

The Barnabus Fund related to gifts, donations and government grants received for the land purchase and development 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.

Page 22

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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
2022
Unrestricted
funds
2022
£
£
-
2,180,547
4,709
376,915
-
(13,121)
4,709
2,544,341		 Total
funds
2022
£
2,180,547
381,624
(13,121)
2,549,050

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2021
£
-
4,141
-
4,141		 Unrestricted
funds
2021
£
2,183,802
322,627
(5,834)
2,500,595		 Total
funds
2021
£
2,183,802
326,768
(5,834)
2,504,736

18. Funds Transfers

Funds transfers are as follows:

£17,868 from the Designated Laurels Management Fund to the Unrestricted General Fund representing the monthly contribution.

£7,425 from the Designated TCC Pre-School Fund to the Unrestricted General Fund representing contributions to Church costs.

£1,102 from the Unrestricted General Fund to the Designated Capital Assets Fund representing contribution to capital costs.

£21,136 from the Unrestrcited General Fund to the Designated Mission fund representing contributions to costs.

Page 23

DocuSign Envelope ID: 6539E1E0-D214-4F95-986B-43031320E3CC

THUNDERSLEY CONGREGATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 £2,004 (2021: £2,600). Contributions totalling £1,069 (2021: £604) 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 £16,350 (2021: £19,150) in unrestricted donations to the charity.

Page 24