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2021-12-31-accounts

THE COTTERIDGE CHURCH

Annual Report & Financial Accounts For The Year End 31st December 2021

1

CONTENTS

Trustees‘ Annual Report 2 ….………………………. Independent Examiners # Report………………... Statement of Financial Activities # …………….. Balance Sheet # …………………………………………. Notes to the # Accounts………………………………

Co%eridge Church 2021 Annual Report & Accounts

February 2022

2

2021 TRUSTEES’ ANNUAL REPORT

Insert Annual Report Here

Financial Review

Total income for unrestricted funds was £133,505 of which £55,262 was unrestricted voluntary donations, £11,657 from Gift Aid, £26,611 Job Retention Scheme and £1,000 in Legacies. Restricted voluntary income of £287,222 was also received and is detailed in the Financial Statements.

Although overall voluntary income increased by 2.5% compared to 2019 this was due to receipt of the Job Retention Scheme funds (£26,611) & Legacies (£1,000) offsetting the decrease in Congregational Giving, Collections & Donations and Gift Aid.

The global pandemic caused significant reductions in income from Hire, Catering & The Book Centre. Hire decreased by £16,891 representing a 54% decrease, while Catering decreased by £49,811 representing a 86.7% decrease & The Book Centre decreased by £1,626 representing a 26.7% decrease.

£182,388 was spent from unrestricted funds to provide the Christian ministry from Cotteridge Church representing a reduction of 25.3%. This decrease was due to a reduction in the running costs of both the church and its activities due to long periods of closure or reduced use due to the global pandemic.

Restricted expenditure in 2020 was £198,337.

The investments held by the JCC with CCLA increased in value by £6,205 to £231,494.

The net result for the year was an increase in total funds of £71,486 (15.2%) this being made up of a decrease in unrestricted funds of £38,409 and an increase in restricted funds of £109,896. The total fund balances at the year-end stood at £540,820 (Unrestricted: £279,913; Designated £9,225 and Restricted £249,955).

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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INDEPENDENT EXAMINER’S REPORT

Independent Examiner’s unqualified report to the members of the Joint Council of The Cotteridge Church, Kings Norton, Birmingham B30 3EJ in respect of the Financial Statements of the Council for the year ended 31[st] . December 2020 as set out on pages to of this Report.

Charity Commission Registration Number 1143091.

Respective responsibilities of the P.C.C. and the examiner.

Joint Council members acting as the charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the year under section 144 of the Charities Act 2011(the Charities Act) and that an independent examination is needed. It is my responsibility to:

examine the accounts under section 145 of the Charities Act

to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

to state whether particular matters have come to my attention.

Basis of the Independent Examiner’s statement.

My examination was carried out in accordance with the general Directions given by the Charity Commission and the guidance published in PCC Accountability (The Charities Act 2011 and the P.C.C.), 5[th] edition). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for 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.

In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord to the accounting records.

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts is reached.

Signed. Date

Name Revd. A. A. Clements.

Fellow Association of Charity Independent Examiners.

Address 15 Carleton Road, Great Knowley, Chorley PR6 8TQ

ACIE PCC CC32

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February 2022

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STATEMENT OF FINANCIAL ACTIVITIES

Notes Unrestricted Designated Restricted Endowment Total Prior year
funds funds funds funds funds total funds
Income and endowments
from:
Voluntary income (2a) 122,901 12,655 227,392 — 362,949 381,753
Investment income (2b) 9,705 — 18 — 9,723 10,407
Activities for generating funds (2c) 11,437 5,964 376 — 17,777 20,788
Church activities (2d) 23 11,178 19,810 — 31,011 33,060
Total income 144,066 29,797 247,597 — 421,459 446,007
Expenditure on:
Church activities (3a) 127,735 34,915 184,593 — 347,243 373,680
Costs of generating funds (3b) — 5,009 281 — 5,290 7,046
Total expenditure 127,735 39,924 184,874 — 352,532 380,725
Net income / (expenditure) 16,331 (10,127) 62,723 — 68,927 65,282
resources before transfer
Transfers
Transfers between funds - in 4,678 16,751 1,727 — 23,156 7,163
(6)
Transfers between funds - out (16,751) (3,978) (700) (1,727) (23,156) (7,163)
Other recognised gains /
losses
Gains / losses on investment assets 33,548 — — — 33,548 6,205
Net movement in funds 37,806 2,646 63,750 (1,727) 102,475 71,486
Reconciliation of funds
Total funds brought forward 279,913 9,225 249,955 1,727 540,820 469,334
Total funds carried forward 317,719 11,871 313,705 — 643,295 540,820
There may be minor discrepancies in the totals if the pence are not being shown

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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BALANCE SHEET

Notes General Designated Restricted At At
Fund Funds Funds 31/12/2021 31/12/2020
Fixed assets
Tangible assets (7) 6,421 — 10,373 16,794 25,369
Fixed assets 6,421 — 10,373 16,794 25,369
Current assets
Cash at bank and in hand (8) 48,617 8,046 275,612 332,275 252,139
Investments (9) 255,042 — — 255,042 231,494
Stocks and work in progress (10) — 3,825 — 3,825 3,300
Debtors (11) 10,041 — 29,911 39,953 43,909
Current assets 313,700 11,871 305,524 631,095 530,841
Liabilities
Creditors: Amounts falling due in (12) 2,402 — 2,192 4,594 15,391
one year
Net current assets less current 311,298 11,871 303,332 626,501 515,450
liabilities
Total assets less current 317,719 11,871 313,705 643,295 540,820
liabilities
Total net assets less liabilities 317,719 11,871 313,705 643,295 540,820
Represented by
Unrestricted
Unrestricted - General fund (13) 317,719 — — 317,719 279,913
Co%eridge Church 2021 Annual Report & Accounts February 2022

Co%eridge Church 2021 Annual Report & Accounts

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Designated Funds (13) — 11,871 — 11,871
Restricted Funds (14) — — 313,705 313,705
Endowment Funds (14) — — — — 1,727
Funds of the church 317,719 11,871 313,705 643,295 540,820

There may be minor discrepancies in the totals if the pence are not being shown

Approved by the Trustees of The Cotteridge Church at their meeting on and signed on their

behalf by Date

NOTES TO THE ACCOUNTS

1. Summary of Accounting Policies

General Information and basis of preparation

The Joint Council of the Cotteridge Church is a public benefit entity with the meaning of FRS102. The financial Statements have been prepared under the Charities Act 2011 and under FRS102 (2016) as the applicable accounting standards, and the 2016 version of the Statement of Recommended Practice, Accounting and Report by Charities (SORP(FRS102)).

Assets:

Consecrated and benefice property.

Consecrated and benefice property is excluded and not capitalised in the financial statements in accordance with Charities Act 2011.

Fixed Assets

Depreciation has been provided as follows:

Solar Panels Straight line over 25 years.

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February 2022

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Equipment & Vehicles Straight line over 4 years.

Investments

Investments are recognised at their quoted market price. Unrealised gains or losses are calculated as the difference between the fair value at the year end and their carrying value.

Funds:

The financial statements have been prepared using fund accounting. Whereby income, expenditure, assets & liabilities are classified by fund. The 2 types of fund classification present in these accounts are:

  1. Unrestricted Funds (General & Designated):

  2. a. General Funds are available for use at the discretion of the PCC in delivering the aims and objectives of the charity.

  3. b. Designated Funds are funds that have but have been set aside by the PCC for a particular purpose from the general fund.

  4. Restricted Funds represent grants, donations and legacies received which are allocated by the donor for a specific purpose.

The purpose of funds held by the charity are set out in notes to the financial statements.

2. Incoming Resources

Unrestricted Unrestricted Designated
Restricted		 Last Year
Fund Fund Funds Year Total Total
**a) ** Voluntary Income
Planned Giving 49,599 - 47,201 96,800 84,343
Collections At Service 3,051 - - 3,051 2,765
Donations & Appeals 37,570 - 91,935 129,505 127,680
Gift Aid 9,393 - 10,021 19,414 20,693
Grants - - 35,090 35,090 57,540

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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Job Retention Scheme
Grant
5,398
12,655
43,145
61,198
87,732
Legacies
17,892
-
-
17,892
1,000		 Job Retention Scheme
Grant
5,398
12,655
43,145
61,198
87,732
Legacies
17,892
-
-
17,892
1,000
Voluntary income total
122,901
12,655
227,392
362,949
381,753
Grants – Church —
—
540
540
—
—
—
540
540
—
—
—
8,000
8,000
10,000
—
—
—
—
8,190
—
—
—
—
5,000
—
—
—
—
5,000
—
—
—
—
2,500
—
—
3,000
3,000
2,000
—
—
—
—
2,000
—
—
4,000
4,000
—
—
—
—
—
1,500
—
—
—
—
1,000
—
—
1,000
1,000
1,000
—
—
—
—
1,000
—
—
2,000
2,000
—
—
—
1,000
1,000
1,000
—
—
—
—
1,000
—
—
—
—
1,000
—
—
1,000
1,000
1,000
Grants – Day Centre
Roger & Douglas Turner Charitable Trust
The Eveson Trust
WO Street Charitable Trust
DMF Ellis Charitable Trust
The E. & D. Cadbury Trust
Lord Austin Trust
GJW Turner Trust
Grimmit Trust
Baron Davenport Trust
Lynn Foundation
Avon Trust
WG Edwards Charitable Trust
W.E.D Charitable Trust
We Are All Making A Difference
Cole Charitable Trust
Alfred Haines Trust
Measures Trust

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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Bernard Piggot Charitable Trust
William A Cadbury Trust
The Sparkhill Trust
Marsh Christian Trust
Gowling WLG Trust
The Cook & Wolstenholme Trust
The K & J Mindelsohn Trust
Lille C Johnson Trust
EH Smith Charitable Trust
Jarman Charitable Trust
M & H Cadbury Trust
Other Small Grants (£500 or under)		 —
—
—
—
—
—
—
—
—
—
—
—
—
750
750
—

—
—
—
750

—
500
500
600

—
500
500
—

—
500
500
—

—
500
500
—

—
500
500
—

—
500
500
—

—
500
500
—

—
200
200
—

—
100
100
—

—
—
—
3,000
—
—		 —
24,550
24,550
47,540

—
10,000
10,000
10,000
Grants – Food Bank
Asda
— —
10,000
10,000
10,000
—
35,090
35,090
57,540
Grant income total —
Unrestricted
Fund
Designated
Fund
Restricted
Funds
Year Total
Last Year
Total
b) Investment Income
Bank & Deposit Account
Interest
4

Dividends
8,087

Solar Panel Income
1,614
 -
18
22
190
-
-
8,087
8,233
-
-
1,614
1,984
Investment income total
9,705
 -
18
9,723
10,407

c) Activities for Generating Funds

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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Hire 10,096 - - 10,096 14,366
Regular Fundraising 487 - 376 863 765
Other Fundraising - - - - 1,191
Book Centre Sales - 5,964 - 5,964 4,466
Activities for generating funds
total 10,583 5,964 376 16,923 20,788

d) Church Activities

Catering Services Sales
Day Centre Attendance
Parochial Fees
Other Income		 -
11,088
-
11,088 7,619
-
-
17,956
17,956
23,342
23
-
-
23
44
-
89
200
289
833
23
11,178
18,156
29,356
31,838
Groups
Boys' Brigade Income
Saplings Income
Pennine Way Trips
Income
Flower Guild Income
Tuesday Fellowship
Income
-
-
763
763
371
-
-
-
-
545
-
-
700
700
222
-
-
130
130
1
-
-
62
62
83
-
-
1,655
1,655
1,222
Church activities total 23
11,178
19,810
31,011 33,060

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3. Expended Resources

3. Expended Resources
Unrestricted
Fund		 Designated
Fund
Restricted
Funds
Year Total
Last Year
Total
a) Church Activities
Common Fund
Methodist ApporGonment
URC ApporGonment
Vicarage Costs
Ministry Expenses & Costs
Church Service Costs
Pastoral Costs
Mission & Outreach Work
Messy Church
Youth & Family Work
55,260
8,856
8,412
864
462
2,138
179
150
-
252		 - -
55,260
55,260
- -
8,856
8,856
- -
8,412
8,856
- -
864 618
- -
462 642
- -
2,138
1,296
- -
179 339
- -
150 142
- -
-
177
- -
252 2,149
76,573 -
-
76,573
78,536
Staf Wages & Payments
Staf Training& Expenses		 23,585
-		 29,406 104,667 157,658 165,935
- 145
145
912
23,585 29,406
104,812
157,803
166,847
Ofce & Admin Costs
Insurance
Church UGliGes
Cleaning & Hygiene
Safety & Security
Maintenance & Improvements
Professional Fees
Co%eridge Church 2021 Annual Report &		 5,113
3,780
7,853
4,399
1,581
2,828
300		 - 1,632
6,745
5,577
- -
3,780
3,800
- -
7,853
8,468
- 5
4,404
3,451
- -
1,581
1,614
- 17
2,846
3,445
- -
300 200
Accounts February 2022

Co%eridge Church 2021 Annual Report & Accounts

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DepreciaGon
Other Expenditure		 428 - 9,108
9,536
7,952
450 - 222 672 146
26,732
-
10,984
37,717
34,653
Day Centre Direct Costs
Catering Services Direct Costs
Foodbank Direct Costs		 -
- 2,127
2,127
7,240
-
5,509
-
5,509
8,279
-
- 61,294
61,294
76,681
-
5,509
63,421
68,930
92,200
Boys' Brigade
Saplings
Pennine Way Trips
Tuesday Fellowship		 -
- 1,035
1,035
883
-
- -
-
460
-
- 745 745 250
-
- 5
5
50
-
-
1,785
1,785
1,644
Church ac(vi(es total 126,889 34,915 181,003 342,807 373,680

b) Costs of generating funds

b) Costs of generating funds
Fundraiser Costs
 - - 281 281 1,917
Giving Costs
 - - -
 -
 38
Book Centre
 - 5,009
 -
 5,009
 5,091
Costs of genera(ng funds total
 - 5,009
 281 5,290
 7,046

4. Unrestricted Fund Movements

Fund and type Fund balances Incoming Outgoing Transfers Gains and Fund balances
brought forward Resources Resources Losses carried forward
Unrestricted
General - General fund 279,913 144,066 127,735 (12,073) 33,548 317,719
Sub-totals 279,913 144,066 127,735 (12,073) 33,548 317,719
Fund and type Fund balances Incoming Outgoing Transfers Gains and Fund balances
brought forward Resources Resources Losses carried forward
Designated

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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Book Centre 5,258 5,964 5,009 (900) — 5,313
Catering Services 3,312 23,833 34,915 13,673 — 5,903
Diocesan Decorating Fund 655 — — — — 655
Sub-totals 9,225 29,797 39,924 12,773 — 11,871

Unrestricted Fund Purposes:

General Fund:

Designated Funds:

5. Restricted Fund Movements

Fund and type Fund balances Incoming Outgoing Transfer Gains Fund balances
brought forward Resources Resources s and carried forward
Losse
s
Restricted
Trip to Iona 235 — — — — 235
Cotteridge Christmas Tree 200 4,152 2,912 — — 1,440

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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Summer Holiday Club — — — —
1,000 1,000
Children & Youth Work — — — —
83 83
Children’s Party 540 307 — — 233
Food Ministry 522 — — — —
 522
Sub-totals 2,040 4,692
3,219
—		 —
 3,514
Church Group’s Restricted
Boys’ Brigade 5,055 763 1,035 1,727 — 6,510
Saplings 129 —
—		 —
 129
—
Flower Guild 538 130 371 — —
 298
Tuesday Fellowship 62 5 (250) —
459 265
Pennine Way Trips 132 700 745
—		 — 87
Sub-totals 6,313 1,655
2,156
1,477		 —
 7,288
Food Bank Restricted
Food Bank – General 162,201 144,605 58,616 (450) — 247,741
Food Bank – Summer Holiday 578 — — — —
 578
Club
Food Bank – Advice Worker 554 10,000 — —
 554
10,000
Food Bank – Equipment Grants — 1,788 — —
1,788 —
Sub-totals 154,605
70,403
(450)		 — 248,873
165 121
Day Centre Restricted
DC – General 62,641 85,145 103,765 —
—		 44,021
DC – Apprentice 2,603
—		 — — 2,603
DC – Entertainment & Therapy 5,587 500 — — 2,821
3,226
DC – Door — —
—		 — 3,030
3,030
DC – Computer Equipment 50 — 50 — — —
DC – Making a Difference 2020 1,000 — — — —
1,000
DC – Making a Difference 2021 — 1,000 566 434
DC – Nostalgia Posters 600 —
—		 — — 600
DC – Rempod 81 — — — — 81
DC – Christmas & Trips 889 — 449 — — 440
Sub-totals 76,481 86,645
109,096
—		 — 54,030
Co%eridge Church 2021 Annual Report & Accounts February 2022

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Restricted Total 249,955 247,597 184,874 1,027 — 313,705

Church Restricted Fund Purposes:

Church Group Fund Purposes:

Food Bank Restricted Fund Purposes:

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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Day Centre Restricted Fund Purposes:

6. Transfers Between Funds

Note General
Designate
d
Restricte
d Funds
Endowmen
t Fund
Total
Book Centre Designated Fund to Church General Fund
1
Food Bank Restricted Fund to Church General Fund
2
Church General Fund to Catering Designated Fund
3
Catering Designated to Church General Fund
4
Tuesday Fellowship Restricted to Church General Fund
5
Boy’s Brigade Endowment Fund to Boy’s Brigade Restricted Fund
6		 900
(900)
—
—
—
450
—
(450)
—
—
(14,301)
14,301
—
—
—
3,078
(3,078)
—
—
—
250
(250)
—
—
—
—
1,727
(1,727)
—
(12,073)
12,773
1,027
(1,727)
—

1 £900 transferred from Book Centre Designated fund to Church General Fund as a contribution from the profits of the Book Centre.

2 £450 transferred from Food Bank Restricted Fund to Church General Fund as a contribution towards the overheads of the building.

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7. Staff Costs & Payments

Church
Catering
Day Centre
This Year
Total
Last Year
Total
13,045
—
—
13,045
15,119
6,529
—
2,580
9,109
9,278
2,451
26,956
—
29,406
29,147
—
—
94,509
94,509
100,942
—
—
2,295
2,295
2,295
—
—
—
259
Administration
Cleaner Wages
Catering Wages
Day Care Wages
Treasurer Payments
Security Payments
22,025
26,956
99,384
148,364
157,040
Social Security Costs 3,307
—
3,306
6,614
6,112

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Pension Costs 704
—
1,977
2,680
2,783
26,036
26,956
104,667
157,658
165,935
The average number of
employees		 1
2
6
9
10

During the year, no employee earned £60,000 per annum or more.

There are no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.

8. Fixed Assets

8. Fixed Assets
Food Bank
Vehicle
Food Bank
Fixture &
Fittings
Food Bank
Handling
Equipment
Solar Panels
Total
Cost
As at 1 January 2021
Additions
Disposals
As at 31 December 2021
17,316
12,887
5,960
10,701
57,270
—
960
—
—
960
—
—
—
—
—
17,316
13,847
5,960
10,701
58,230
Depreciation
As at 1 January 2021
Charge for year
As at 31 December 2021
10,679
4,646
2,318
3,852
31,901
2,950
4,171
1,987
428
9,536
13,629
8,817
4,305
4,280
41,437
Net Book Value 31 December
2021		 3,688
5,030
1,656
6,421
16,794

9. Investments

Co%eridge Church 2021 Annual Report & Accounts

February 2022

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Share Fund
Property Fund
Total
Market Value – 1stJanuary
Additions
Disposals (Sales)
Revaluation gain / (loss)		 156,537
74,856
231,494
—
—
—
(10,000)
(10,000)
21,527
12,021
33,548
168,165
86,877
255,042

10. Cash At Bank & In Hand

10. Cash At Bank & In Hand
This Year
Total
Last Year
Total
Church:
Current Account
Church Soldo Account (Petty Cash)
CCLA Deposit Account
Diocesan Decorating Fund
39,019
17,033
42
—
13,178
5,087
655
655
52,893
22,775
Day Centre:
Current Account
Reserve Account
Day Centre Soldo Account (Petty
Cash)
Petty Cash
20,970
41,629
30,000
35,039
500
—
195
195
51,665
76,863
Food Bank:
Current Accounts
Cash in Hand
212,496
138,522
—
—
212,496
138,522
Other Groups:
Catering
Catering Soldo Account (Petty Cash)
Food Ministry
Book Centre
Flower Guild
Boy’s Brigade
4,993
3,259
185
—
522
522
2,213
2,158
298
538
4,781
5,054

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February 2022

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Boy’s Brigade Reserve
Saplings
Pennine Way Trips
Tuesday Fellowship		 1,728
1,728
129
129
87
132
265
459
15,202
13,979
Total Cash At Bank & In Hand 332,275
252,139

11. Stock

11. Stock
Book Centre
Catering
Total
Cost:
Brought forward 1stDecember 2020
Additions
Disposals
Book Value 31stDecember 2020
3,100
200
3,300
—
525
525
—
—
—
3,100
725
3,825

12. Debtors

This Year
Total
Last Year
Total
Trade Debtors
Other Debtors
Total Prepayments		 8,666
6,098
11,143
20,486
20,144
17,325
Total Debtors & Prepayments 39,953
43,909

13. Creditors

This Year Last Year
Total Total

Church Liabilities:

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Other Creditors
Accruals
Agency Collections		 581
15,018
4,013
226
—
147
Total Creditors 4,594
15,391
Deferred Income —
—
Total Creditors& Deferred Income 4,594
15,391

Co%eridge Church 2021 Annual Report & Accounts

February 2022