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2021-12-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

CHARITY REGISTRATION No: 1139195

Independent Examiners Ltd

2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

1

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

CONTENTS

Page 3 Legal and Administrative Information
Page 4 Independent Examiner's Report to the Trustees
Pages 5 to 6 Trustees' Report
Page 7 Statement of Financial Activities
Page 8 Balance Sheet
Pages 9 to 15 Notes to the Financial Statements

2

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1139195 DATE OF REGSTRATION 14th September 2010 START OF FINANCIAL YEAR 1st January 2021 END OF FINANCIAL YEAR 31st December 2021 TRUSTEES AT 31ST DECEMBER 2021 Jacob Kaagya Colin McLaren Anton Toussaint (Resigned May 2021) LEGAL STATUS Unincorporated Charity GOVERNING INSTRUMENT Constitution Adopted 14th September 2010.

OBJECTS

(A) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN THE SCHEDULE HERETO ATTACHED IN PRESTON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM AND THE WORLD AS THE CHURCH COUNCIL MAY FROM TIME TO TIME THINK FIT AND OTHER SUCH PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE CHARITY. (B) THE RELIEF OF POVERTY AND SICKNESS AND TO RELIEVE THE DISTRESS CAUSED THEREBY REGARDLESS OF NATIONALITY, RELIGIOUS POLITICAL OR OTHER OPINION IN PRESTON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM AND THE WORLD AS THE CHURCH COUNCIL MAY FROM TIME TO TIME THINK FIT.

REGISTERED ADDRESS The Potters House 1st Floor 21 Garstang Road Preston PR1 1LA PRIMARY BANKERS Barclays Bank Plc. 1 Churchill Place London E14 5HP

INDEPENDENT EXAMINER

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

3

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of The Potters House Christian Fellowship UK Preston Church on the accounts for the year ended 31st December 2021 set out on pages 7 to 15.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Keith Richards Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

Date: 28th July, 2022

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021

Organisational structure

The current Board of Trustees constitutes two members and is chaired by Pastor Colin McLaren, who is responsible for the day to day running of the charity.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and aims:

Our continued aim is to promote the Gospel of Jesus Christ primarily in our local community, the adjoining boroughs and supporting missionary workers throughout the world. This being achieved by organising and sending invasion teams both on the international and national scale.

We participate in several activities namely local and International Bible Conferences, Marriage Seminars, Men’s Discipleship classes, Revival Meetings, Women’s fellowships, Youth meetings, connect groups and visiting speakers from our local branches.

Achievement & performance:

1. Charitable activities

We continued with a steady growth in church attendance. We measure the success by our percentage of retention and attendance. We have seen several families join our church in the last year which has caused our NexGen children's ministry to grow. Our outreach ministries have begun to pick up after the restrictions of the previous year.

2. Fundraising activities

The church’s financial resources are generated from non-compulsory contributions (offerings/donations) by church members and through claiming gift aid from these donations.

Future plans

As a church we will continue to pursue our goal of bringing great impact, change and influence to our local community and create platforms that benefit the local community. We plan to plant more new churches into the surrounding areas in near future.

We are continuing to save towards the purchasing of our own premises.

Financial review

The trustees consider both church growth and financial operation as satisfactory. Church attendance growth effectively results in the increase in both internal activities and financial expenditure.

5

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

TRUSTEES REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

Trustees' Responsibilities

The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which presents a true and fair view of the state of affairs of the Charity and of the surplus of the Charity for that period. In preparing those financial statements the trustees are required to:

i) Select suitable accounting policies and apply them consistently

ii) Make judgements and estimates that are reasonable and prudent

iii) Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity. 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 the Trustees on,……………………………………………………… 2022………………………………………………………………………………

Signed on their behalf by Trustee, …………………………………………………………………………………………………………………………………………

Printed Name: Colin McLaren

6

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2021

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations & Legacies
3a
Investment Income
3b
Other Incoming Resources
3c
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
Costs of Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES EXPENDED
NET INCOMING/(OUTGOING)
Total Funds Brought Forward
Transfers Between Funds
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2021
2020
£
£
£
£
-
-
176,524
-
176,524
150,842
42
-
42
67
2,524
-
2,524
5,871
179,090
-
179,090
156,780
157,801
-
157,801
148,219
1,308
-
1,308
1,260
159,109
-
159,109
149,479
19,981
-
19,981
7,301
77,252
-
77,252
69,951
-
-
-
-
97,233
-
97,233
77,252

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 9 to 15 form part of these financial statements.

7

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

BALANCE SHEET

AS AT 31ST DECEMBER 2021

Note
Fixed Assets
Tangible Assets
2
Investments
7
Current Assets
Debtors & Prepayments
9
Cash at Bank and in Hand
8
Total Current Assets
Creditors:Amounts due within one year
10
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Long Term Liabilities
11
NET ASSETS
Funds of the Charity
General Funds
Designated Funds
5
Restricted Funds
6		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
10,931
-
10,931
12,903
-
-
-
-
10,931
-
10,931
12,903
-
-
-
559
87,610
-
87,610
65,051
87,610
-
87,610
65,609
1,308
-
1,308
1,260
86,302
-
86,302
64,349
86,302
-
86,302
64,349
-
-
-
-
97,233
-
97,233
77,252
97,233
-
97,233
77,252
-
-
-
-
-
-
-
-
97,233
-
97,233
77,252

Approved by the Trustees on,……………………………………………………… 2022 …………………………………………………………………………… Signed on their behalf by Trustee, …………………………………………………………………………………………………………………………………………

Printed Name: Colin McLaren

8

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

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

Assessment of Going Concern

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

Incoming Resources

Recognition of Incoming Resources

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

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

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

Tax Reclaims on Donations and Gifts

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

Contractual Income and Performance Related Grants

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

Gifts in Kind

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

Donated Services and Facilities

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

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

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

9

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES (Continued)

Expenditure and Liabilities

Liability Recognition

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

Governance Costs

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

Grants with Performance Conditions

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

Grants Payable without Performance Conditions

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

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage.

Fixed Assets

Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Investments

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

Change of Accounting Policies and Rules and Methods of Valuation.

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

Depreciation Expense

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

General Equipment 25% Fixtures & Fittings 25%

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

2. TANGIBLE FIXED ASSETS

Land &
Fixtures &
General
Total
Buildings
Fittings
Equipment
2021
Cost
1-Jan-21
Additions
Cost at
31-Dec-21
Depreciation
1-Jan-21
Charge
Depreciation at
31-Dec-21
Net Book Value
31-Dec-21
Net Book Value
31-Dec-20		 £
£
£
£
-
30,585
-
30,585
-
1,672
-
1,672
-
32,257
-
32,257
-
17,682
-
17,682
-
3,644
-
3,644
-
21,326
-
21,326
-
10,931
-
10,931
-
12,903
-
12,903

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2021: None 31st December 2020 : None

3. INCOMING RESOURCES

Note
a) Donations & Legacies
Gifts & Donations
Gift Aid Tax Recovered
b) Investment Income
Bank Interest
c) Other Incoming Resources
Sundry Income		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2021
2020
£
£
£
£
150,343
-
150,343
127,395
26,181
-
26,181
23,447
176,524
-
176,524
150,842
42
-
42
67
42
-
42
67
2,524
-
2,524
5,871
2,524
-
2,524
5,871

11

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

4. RESOURCES EXPENDED

Note
a) Costs of Charitable Activities
Activities & Events
Airfares
Bank Charges
Benevolence
Books & Publications
Depreciation Expense
Entertainment
Equipment Costs
Fellowship Tithes
Hall Hire
Hotels
Insurance Costs
Love Offerings
Ministry Expenses
Parsonage
Printing, Postage & Stationery
Reimbursements
Rent & Rates
Repairs & Maintenance
Revival Expenses
Staff Costs
Subscriptions
Sundry Expenses
Telephone Costs
Utility Costs
Vehicle Hire
Visitation Gifts
Website Costs
World Evangelism
Youth Ministry
b) Governance Costs
Independent Examiner's Fee
Legal & Professional Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2021
2020
£
£
£
£
-
-
-
3,741
2,082
-
2,082
3,072
311
-
311
326
1,983
-
1,983
930
346
-
346
467
3,644
-
3,644
4,301
2,387
-
2,387
730
3,604
-
3,604
5,767
10,930
-
10,930
14,040
3,388
-
3,388
3,871
6,057
-
6,057
-
1,460
-
1,460
1,081
8,760
-
8,760
9,215
3,776
-
3,776
4,475
13,800
-
13,800
14,395
1,894
-
1,894
454
3,590
-
3,590
1,741
25,701
-
25,701
12,050
2,341
-
2,341
3,707
-
-
-
4,375
37,189
-
37,189
34,904
1,061
-
1,061
2,187
601
-
601
1,398
2,143
-
2,143
1,480
6,998
-
6,998
6,331
4,674
-
4,674
8,339
25
-
25
545
1,051
-
1,051
1,248
7,355
-
7,355
1,487
650
-
650
1,563
157,801
-
157,801
148,219
1,308
-
1,308
1,260
-
-
-
-
1,308
-
1,308
1,260

12

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

5. DESIGNATED FUNDS

The Charity held no designated funds during this or the previous financial year

6. RESTRICTED FUNDS

The Charity held no restricted funds during this or the previous financial year

7. INVESTMENTS

The Charity held no investments funds during this or the previous financial year

8. CASH AT BANK AND IN HAND

Cash at Bank & in Hand
9. DEBTORS AND PREPAYMENTS
Sundry Debtors		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
87,610
-
87,610
65,051
87,610
-
87,610
65,051
Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
-
-
-
559
-
-
-
559

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiner's Fee
Sundry Creditors		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
1,308
-
1,308
1,260
-
-
-
-
1,308
-
1,308
1,260

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

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

13