Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Aylesbury Vale Community Church** (A company limited by guarantee and not having a share capital) ## **Accounts – 31 March 2021** ## **Index** 1-5. Report of the Directors 6. Independent Examiner’s Report to the Directors 7. Statement of Financial Activities (incorporating Income and Expenditure summary) 8. Balance Sheet 9-17. Notes to the Accounts Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Report of the Directors (Trustees) and General Information** for the period 1 April 2020 to 31 March 2021 ## **Directors:** A Woodhouse (appointed 7 November 2011) I Peters (appointed 7 November 2011) M Hemming (appointed 13 January 2012) M Oliver (appointed 3 July 2013) S Dube (appointed 28 July 2014) ## **Registered Office:** Community Church Centre, St Marks Road, Aylesbury, Buckinghamshire, HP21 8RH The directors present their report and financial statements fo the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and “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 (FRS102) (effective 1 January 2019)”. ## **Objectives and Activities** ## **Purposes of the Charity as Set Out in Our Governing Document** Operating within its Memorandum and Articles of Association the company’s chief objects are: - i. The advancement of the Christian faith and the worship of God in the United Kingdom and overseas by any means whatsoever including (but not by way of limitation) the preaching and proclamation of the Christian Gospel and the teaching of Christian Doctrine and principles and the pastoral care of Christian people and the printing and distribution of the Bible and Christian literature including video and audio recording or tapes and by any other media which is or may become available. - ii. The relief of persons who are in conditions of need, hardship or distress, or who are aged or sick. - iii. The advancement of education on the basis of Christian principles and without prejudice to the generality of the foregoing the provision of such education in any educational establishment and if the Trustees so decide the provision of one or more charitable educational establishment for the general education of children or adults on the basis of such Christian principles. ## **Main Activities Undertaken in Relation to Those Purposes and for the Public Benefit** The principal activities during the year were the running of the church, Sunday schools, youth groups and tots group. The trustees have had regard to the Charity Commission’s guidance on public benefit. ## **Achievements and Performance** In planning the activities of the charity the directors have considered the Charity Commission’s guidance on public benefit. 1 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Report of the Directors (Trustees) and General Information (continued)** for the period 1 April 2020 to 31 March 2021 Aylesbury Vale Community Church exists to see individuals and whole families experience a life changing encounter with Jesus Christ, as a result of which the Kingdom of God is gradually established and society transformed for the better. The directors have identified the following activities as fulfilling the charity’s primary objective and contributing to the public benefit: - Regular Sunday morning and evening meetings - The Gap, a youth club for 11-18 year olds - Rainbow Totz, a carers and tots group - CAP Money, a money management course designed to help people get in control of their personal finances During 2012/13, the church purchased an existing church building in order to secure a long-term home in Aylesbury as a base to be able to serve the community more effectively. Much effort and finance has been put into renovation of the building, which enabled the church to move completely to the site, and away from rented facilities, in June 2013. The long-term borrowing is secured against the church property. ## **Financial Review** ## **Financial Position at Year End** The financial position of the charity has remained stable throughout the year. Over the course of the year there has been a small movement in the total funds available to the charity. The total reserves held at the end of the year were £323,637 (unrestricted), £17,604 (designated) and £30,373 (restricted). The longer-term financial position will continue to improve as the charity continues to pay-off the mortgage secured against the main church premises. ## **Reserves** What Reserves Are Held For The reserves held by the charity are for a number of important reasons: - The risk of unforeseen emergency or other unexpected need for funds - A source of income, if for example, donations are lower than anticipated during the year - To meet planned commitments that cannot be met by future income alone e.g. planned building work, pensions. How Much is Needed in Reserves The charity has set the following target levels for each reserve: - Unrestricted Funds - £20,000. This represents approximately two months’ worth of expenditure. This would allow the charity to continue in the short term should all funding sources cease. It is however acknowledged that this risk is highly unlikely and it is entirely reasonable to hold a balance lower than the target. - Fund for Mission Work – zero. This activity is currently funded from income received during the year, so no balances are required to be retained in reserves. - Fund to Provide a Pension to A Woodhouse - £17,604. The original target set by the Trustees when the fund was first started was £40,000. Although described as a pension fund, it may alternatively be used to pay for the continued use of the service provided by A 2 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 Woodhouse should the need arise. This amount has since been revisited due to a change in personal circumstances with the new target being £17,604, which has been met. - Building Fund - £30,000. This is the amount required to extend the back hall and reconfigure the main entrance to improve access. This target is close to being met. After each project is complete a new target will be set for future planned building work. - Other balances will be required on an ad-hoc basis e.g. to record the balance of any restricted grants or designated activities. ## How Do Year End Funds Compare to Our Target Level of Reserves The following details the level of each fund against the target and action being taken to address any significant variances. Where the target is zero no further detail has been provided: - Unrestricted Funds. Although the current balance at the end of the year was circa £324,000 only approximately £26,000 of this was available as Current Assets. This is slightly above the target level for this fund. The vast majority of the charity’s unrestricted assets are in land and buildings. - Fund to Provide a Pension to A Woodhouse – this reserve has achieved its target level - Building Fund – this reserve is very slightly below the target level. Further collections were originally planned during 2020-21 to increase this to the target, although this is currently only hold due to the COVID-19 pandemic. ## **COVID-19** When a national “lockdown” was implemented on 23 March 2020 the Church was unable to physically meet. The work of the Church continued, with Sunday morning meetings broadcast via YouTube and other meetings arranged using video conferencing software. The income of the Church has fallen during 2020-21 as we have been unable to collect cash donations in the absence of physical meetings. This is despite a number of people moving to online giving. Meeting together at the Church building resumed in October 2020, initially running two Sunday morning services to facilitate social distancing. As Covid restrictions eased, the church gradually returned to running services in a manner close to that of before the pandemic. Services are now able to operate at full capacity, with appropriate best practice safety measures in place. At a Trustee meeting on 15 September it was resolved that due to a change in personal circumstances the Church could transfer £22,958 from the designated fund to provide a pension to A Woodhouse to unrestricted funds. This leaves a balance of £17,604 in the designated fund. This decision ensures that the Church can continue to operate as a going concern for the foreseeable future. ## **Structure, Governance and Management** ## **Charitable Status** The charitable company was granted charitable status on 15 December 2011 and is registered with the Charity Commission under registration number 1145077. The charity is also registered with Companies House under registration number 07837346 in England. ## **Directors** The above named have served as directors during the period as indicated above. The company directors are also trustees of the charity. The directors are appointed by the Board and met regularly throughout the year to review all aspects of the charitable company. The composition of the Board is kept under review and additional members are recruited should the need arise. 3 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Methods, Policy and Procedures for the Recruitment, Appointment, Induction and Training of New Trustees/Directors** Where a need for a new trustee/director is identified by the current trustees/directors, an individual with the required dedication, skills and experience will be invited to be appointed. New trustees/directors are provided with details of their responsibilities as part of their training. For their induction, they are also briefed on the key issues that require their attention. ## **Management Team** The day to day running and management of the church is undertaken by Alan Woodhouse. The accounts are overseen by Mark Hemming. ## **Volunteers** In accordance with FRS102, the value of general volunteer time is not recognised in the accounts. However, it is acknowledged that the charity benefits significantly from all the work done by its volunteers. Without the kind donation of their time, the charity would not be able to provide resources as far reaching and as timely. We are additionally grateful to the Leadership team who kindly provide time free of charge to run the charity's operations and ensure compliance with our many obligations. ## **Risk Management** The directors have considered the major risks to which the charitable company may be exposed and have taken steps to mitigate the impact of these. ## **Investments** The charitable company retains sufficient funds on short term deposit for the day to day running of the church activities. ## **Bankers** Metro Bank plc, Aylesbury and Lloyds Bank plc, Aylesbury ## **Independent Examiner** ## **FJ Wilde FCCA DChA 4 Marigold Drive, Bisley, Surrey, GU24 9SF** 4 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Report of the Directors (Trustees) and General Information (continued)** for the period 1 April 2020 to 31 March 2021 ## **Statement of Directors’ Responsibilities** The directors (who are also trustees of the charitable company for the purposes of charity law) are responsible for preparing the Directors’ Annual Report and the financial statements in accordance with general applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors have prepared this report in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with FRS 102. Signed on behalf of the Board M Hemming - Director 5 Aylesbury Vale Community Church Accounts- 31 March 2021 Company No. 07837346 Independent Examinerfs Report to the Directors Independent examinerfs report to the dlrertors of Aylesbury Vale Comrnunlty Church I report on the accounts ofthe charitable company for the year ended 31 March 2021. which comprise the Statement of Financial IAivities. Balan￿ Sheet. and relatsd r￿tes. Respon￿bIlItieS and basts of report The trustees (who are also directors of the charitable company for the purposes of company lawl are responslble for the preparatlon of the accounts. The trustees conslder that an audltls not requlred for thls year under sectlon 144121 of the Charfties Act 2011 (the 2011 act) and that an independent examlnatlon Is requlred. Havin8 satlsfied myself that the charitable company 15 not subject to audit under company law and is elSglble for Independent examlnation. It Is my responsibility to:. examlne the accounts under section 145 of the 2011 act; to follow the procedures lald down In the general dlrectlons #￿en by the Charlty Commlsslon under sectlon 14515) Ibl of the 2011 act: and Independent examlner's statement In connection with my examinatlon, no matter has come to my attentlon:_ whlch 8lves me reasonable cause to belleve that in any material respett of the requlrement5:. accountln8 records were not kept In accordance wtth sectlon 386 of the Companies Act 2006; or the accounts do not accord wlth such records: or the accounts do not Compty with the accountlng requlrements of sertlon 396 of the Companies Att 2006 other than any requlrement that the accounts give a 'true and fairf vlew whlch Is not a matter consldered as part of the Independent examlnatlon; or2 the accounts have not been prepared in accordance wtth the Charlties SORP IFRS1021. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whSch attentlon should be drawn In thls report In order to enable a proper understsndin8 of the accounts to be reached. Fl Wllde FCCA DChA Warner Wilde Limited 4 Marigold Drive Bisley Woking Surrey GU24 9SF Date: If loii Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Statement of Financial Activities (Incorporating an Income and Expenditure Account)** for the year 1 April 2020 to 31 March 2021 |**2019/20**
**Total**
**Funds**
**£**
**Notes**
**Income from:**
144,472
2
Donations
2,134
3
Other trading activities
-
4
Investments
222
5
Other
146,828
**Total**
**Expenditure on:**
6
Other trading activities
142,937
7
Charitable activities
634
8
Other
143,571
**Total**
3,257
**Net income/(expenditure)**
-
14
&15
**Transfers between funds**
3,257
**Net movement in funds**
**Reconciliation of funds**
362,287
Total funds brought forward
365,544
Total funds carried forward|**2020/21**
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
128,412
-
1,270
129,682
-
-
-
-
-
-
-
-
31
-
-
31| |---|---| ||128,443
-
1,270
129,713| ||-
-
-
-
110,044
12,010
939
122,993
650
-
-
650| ||110,694
12,010
939
123,643| ||17,749
-12,010
331
6,070
10,948
-10,948
-
-| ||28,697
-22,958
331
6,070| ||294,940
40,562
30,042
365,544| ||323,637
17,604
30,373
371,614| There were no recognised gains or losses other than those included in the statement of financial activities. All income and expenditure derive from continuing activities. The notes on pages 9 to 16 form part of these financial statements 7 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Balance Sheet** |**31 March 2020**
**£**
**Notes**
434,281
11
FIXED (TANGIBLE) ASSETS
CURRENT ASSETS
-
Stock of CDs
7,936
Other Debtors
155
Cash in Hand
66,052
Bank Accounts
74,143
CREDITORS: Amounts falling due within one year
242
Accruals
12,400
Mortgage
12,642
61,501
NET CURRENT ASSETS
495,782
TOTAL ASSETS LESS CURRENT LIABILITIES
12
CREDITORS: Amounts falling due after one year
130,238
Mortgage
365,544
13
NET ASSETS
RESERVES
294,940
General Fund
40,562
14
Designated Funds
30,042
15
Restricted Funds
365,544
**TOTAL CHARITY FUNDS**|**31 March 2021**
**£**
**£**
422,923
-
8,251
155
65,802
74,208
-44
12,400
12,356
61,852
484,775
113,161
371,614
323,637
17,604
30,373
371,614|**31 March 2021**
**£**
**£**
422,923
-
8,251
155
65,802
74,208
-44
12,400
12,356
61,852
484,775
113,161
371,614
323,637
17,604
30,373
371,614| |---|---|---| ||74,208|| ||-44
12,400|| ||12,356|| |||| |||484,775
113,161| |||371,614| |||323,637
17,604
30,373| |||371,614| The accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with FRS 102. For the financial period ended 31 March 2021 the company was entitled to exemption from audit under section 477 Companies Act 2006 relating to small companies and no notice has been deposited under section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. The accounts were approved by the directors on 18 December 2021 and signed on its behalf by M Hemming – Director Company No. 07837346 8 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Notes to the Accounts** for the period ended 31st March 2021 ## Aylesbury Vale Community Church A company limited by guarantee and not having a share capital. Registered in England. Registered Office: Community Church Centre, St Marks Road, Aylesbury, Buckinghamshire, HP21 8RH ## **1. Accounting Policies** - i. **Basis of Preparation** - The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value, “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 (FRS102) (effective 1 January 2019)” and the Companies Act 2006. The charity is a Public Benefit Entity as defined by FRS102. - ii. The charity has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows. - iii. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The principal accounting policies adopted are set out below. - iv. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern, and have continued to adopt the going concern basis of accounting in preparing the financial statements - **v. Funds -** Restricted funds are funds which must be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal. Expenditure which meets this criteria is drawn from the fund. Unrestricted funds are those funds which can be used for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees have, at their discretion, temporarily set aside resources for a specific purpose. - vi. **Expenditure** - is included on an accruals basis when incurred, that is when there is a legal or constructive obligation. Expenditure includes irrecoverable VAT. In accordance with FRS102, the value of general volunteer time is not recognised in the accounts. - vii. **Income** - All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be guaranteed with reasonable accuracy and there is the probability of receipt. - viii. **Taxation** - The charity receives tax refunds in respect of gift aid donations. These are accounted for in the period in which the donation was originally received and are allocated to the appropriate fund. The charity has not received any income or gains not covered by exemptions available by virtue of ebing a registered charity. - ix. **Fixed Assets** - Assets costing £500 or more, with a useful life in excess of two years, are capitalised. Fixed assets (with the exception of land) are depreciated on a straight line basis over the length of their useful life. The rate in use is as follows: - Permanent church buildings – 15 years 9 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 - Log cabins – 12 years - Music equipment – fully depreciated (previously 25% per annum) - x. **Stock** - Stock is valued at the lower of cost or net realisable value after making due allowance for any obsolete or slow moving items. - xi. **Pensions** - The church makes contributions to the government's NEST pension scheme for all eligible employees. It is a defined contribution scheme with the assets held separately and independently administered. The employer pension costs are included as expenditure in the year in which they become payable. - xii. **Financial instruments** – the charity has elected to apply the provisions of Section 11 ‘Basic financial instruments’ and Section 12 ‘Other Financial Instruments Issues’ ofFRS102 to all of its financial instruments. Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. - xiii. **Basic financial assets** – Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - xiv. **Basic financial liabilities** – Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. - **xv. Derecognition of financial liabilities –** financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. - **xvi. Critical accounting estimates –** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent form other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these variances. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **2. Donations** |**Total 2020**
**£**
117,306
General Church Giving
153
Special Collections
27,013
Gift Aid Recovered
144,472
**3. Other Trading Activities (Income)**
**Total 2020**
**£**
-
Building Fund Café and One-
off Events
2,134
Youth Club Fees
-
Hall Lettings
2,134|**Total 2020**
**£**
117,306
General Church Giving
153
Special Collections
27,013
Gift Aid Recovered
144,472
**3. Other Trading Activities (Income)**
**Total 2020**
**£**
-
Building Fund Café and One-
off Events
2,134
Youth Club Fees
-
Hall Lettings
2,134|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total 2021**
**£**
**£**
**£**
**£**
105,379
-
1,270
106,649
-
-
-
-
23,033
-
-
23,033
128,412
-
1,270
129,682
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total 2021**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-| |---|---|---| |||-
-
-
-| ## **4. Investments** |**Total 2020**|**Total 2020**||**Unrestricted**|**Designated**|**Restricted**|**Total 2021**| |---|---|---|---|---|---|---| ||||**Funds**|**Funds**|**Funds**|| ||**£**||**£**|**£**|**£**|**£**| ||-|Interest Received|-|-|-|-| |**5. Other**||**Income**||||| |**Total 2020**|||**Unrestricted**|**Designated**|**Restricted**|**Total 2021**| ||||**Funds**|**Funds**|**Funds**|| ||**£**||**£**|**£**|**£**|**£**| |222||Other Income|31|-|-|31| |**6. Other**||**Trading Activities (Expenditure)**||||| |**Total**|||**Unrestricted**|
**Designated**|**Restricted**|**Total 2021**| |**2020**|||**Funds**|
**Funds**|**Funds**|| |**£**|||**£**|
**£**|**£**|**£**| |-|Cost of CDs, Tapes and iTunes||-|
-|-|-| |-|Café Costs||-|
-|-|-| |-|||-|
-|-|-| 11 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **7. Charitable Activities** |**Total**
**2020**
**£**
102,250
Ministry Support and Expenses
90
Evangelism and Outreach
3,996
Children and Youth
1,823
Missionary Giving and Other Gifts and
Donations
5,375
Music, Worship and Church Events
16,951
Property Costs
3,442
Office Costs
1,608
Insurance
687
Bank Charges
6,715
Mortgage Interest
142,937|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total 2021**
**£**
**£**
**£**
**£**
82,767
12,010
51
94,828
200
-
20
219
61
-
188
249
2,240
-
502
2,742
1,726
-
129
1,855
13,848
-
49
13,897
1,622
-
-
1,622
1,655
-
-
1,655
351
-
-
351
5,573
-
-
5,573| |---|---| ||110,044
12,010
939
122,993| ## **8. Other Expenditure** |**Total**
**2020**
**£**
-
Accountancy and Governance
634
Independent Examination Fee
634|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total 2021**
**£**
**£**
**£**
**£**
-
**-**
**-**
-
650
**-**
**-**
650| |---|---| ||650
-
-
650| ## **9. Staff Costs** |Emoluments
Employer's National Insurance*
Employer’s Pension Contributions|**2020**
**2021**
**£**
**£**
29,005
29,585
-
-
870
1,057| |---|---| ||29,875
30,642| *This amount was rebated to zero Average number of employees during the year was three (prior year’s average was three). All staff are employed by the charity and no employees were paid more than £60,000 per annum (based on a full-time equivalent rate). 12 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **10. Transactions with Directors and Related Parties** During the year there were the following transactions with directors and related parties: ||**Fees and**|**Gifts**|**Expenses**| |---|---|---|---| ||**Salary**||| ||**£**|**£**|**£**| |A Woodhouse|59,562|-|438| |L Woodhouse|1,777|-|-| |I Peters|11,584|-|300| |R Peters|5,491|-|-| |A Troke|12,510|-|-| - The key management personnel are A Woodhouse, I Peters and A Troke - A Woodhouse and I Peters are directors - L Woodhouse was married to A Woodhouse and was paid to support A Woodhouse, run the women’s ministry and general running of the church. Sadly, L Woodhouse passed away during June 2020. - R Peters is married to I Peters and is also the daughter of A Woodhouse. She is employed as a Church Secretary/Personal Assistant - A Troke is the daughter of A Woodhouse. She is employed to run the mother and tots group and youth group within the church - There were no employer pension contributions made for A Woodhouse No directors are paid for acting as directors/trustees. The remuneration paid is for other services provided to the charity and the legal authority is provided in the governing document. Total expenses claimed by S Dube, M Oliver and M Hemming (and their related parties) amounted to £0 (the prior year amount was £0). These amounts relate to items purchased on behalf of the charity (none of these three directors or their related parties claim any mileage of subsistence payments). Prior Year Comparative Information: ||**Fees and**|**Gifts**|**Expenses**| |---|---|---|---| ||**Salary**||| ||**£**|**£**|**£**| |A Woodhouse|58,682|36|2,273| |L Woodhouse|7,106|54|-| |I Peters|11,357|-|924| |R Peters|5,383|-|-| |A Troke|12,265|-|-| 13 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **11. Fixed Tangible Assets** Current Year: |**Cost**
At 01.04.2020
Additions
At 31.03.2021
**Accumulated Depreciation**
At 01.04.2020
Charge for the Period
At 31.03.2021
**Net Book Value**
At 31.03.2021|**Free hold**
**Land**
**Free hold**
**Buildings**
**Music**
**Equipment**
**Total 2021**
**£**
**£**
**£**
**£**
350,000
162,400
4,473
516,873
-
-
-
-| |---|---| ||350,000
162,400
4,473
516,873| ||-
78,119
4,472
82,591
-
11,359
-
11,359| ||-
89,478
4,472
93,950| ||| ||350,000
72,922
1
422,923| The mortgage held by the Church is secured against the freehold land and buildings. Prior Year Comparative Information: |**Cost**
At 01.04.2019
Additions
At 31.03.2020
**Accumulated Depreciation**
At 01.04.2019
Charge for the Period
At 31.03.2020
**Net Book Value**
At 31.03.2020|**Free hold**
**Land**
**Free hold**
**Buildings**
**Music**
**Equipment**
**Total 2020**
**£**
**£**
**£**
**£**
350,000
162,400
4,473
516,873
-
-
-
-| |---|---| ||350,000
162,400
4,473
516,873| ||-
66,759
4,472
71,231
-
11,361
-
11,361| ||-
78,120
4,472
82,592| ||| ||350,000
84,280
1
434,281| 14 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **12. Creditors - Amounts Falling Due After One Year** |Mortgage 2-5 years
Mortgage more than 5 years|**2020**
**2021**
**£**
**£**
49,600
49,600
80,638
63,561| |---|---| ||130,238
113,161| The mortgage is repayable by monthly instalments ## **13. Analysis of Net Assets by Fund** |**Total**
**2020**
**£**
434,281
Fixed Assets
74,143
Current Assets
(12,642)
Current Liabilities
(130,238)
Creditors falling due after one year
365,544
Total|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2021**
**£**
**£**
**£**
**£**
422,923
-
-
422,923
26,231
17,604
30,373
74,208
(12,356)
-
-
(12,356)
(113,161)
-
-
(113,161)| |---|---| ||323,637
17,604
30,373
371,614| ## **14. Designated Funds** Current Year: |Fund for Mission Work
Fund to Provide a Future Pension to A
Woodhouse
Total
ior Year Comparative Information:
Fund for Mission Work
Fund to Provide a Future Pension to A
Woodhouse
Total|**Balance**
**31.03.2020**
**Income**
**Expenditure**
**Transfers**
**Balance**
**31.03.2021**
**£**
**£**
**£**
**£**
**£**
-
-
12,010
12,010
-
40,562
-
-
(22,958)
17,604| |---|---| ||40,562
-
12,010
(10,948)
17,604| ||**Balance**
**31.03.2019**
**Income**
**Expenditure**
**Transfers**
**Balance**
**31.03.2020**
**£**
**£**
**£**
**£**
**£**
-
-
(12,054)
12,054
-
40,562
-
-
-
40,562| ||40,562
-
(12,054)
12,054
40,562| Prior Year Comparative Information: 15 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **15. Restricted Funds** Current Year: |Building Fund
Fund for Mission Work
Sunday School
Donations to Pass On
Total|**Balance**
**31.03.2020**
**Income**
**Expenditure**
**Transfers**
**Balance**
**31.03.2021**
**£**
**£**
**£**
**£**
**£**
28,848
200
-
-
29,048
1,007
80
259
-
828
-
-
-
-
-
187
990
680
-
497| |---|---| ||30,042
1,270
939
-
30,373| ## Building Fund The source of this is donations from church members. Its purpose is to fund building work on the church building and outbuildings. The balance was planned to be used towards a small extension to the church and minor works in 2020/21, although this plan is currently on hold due to the COVID-19 pandemic. ## Fund for Mission Work The source of this is donations from church members. Its purpose is to provide funding towards specific projects within the UK or abroad. A donation of £1,000 was received during 2019/20 to be specifically used for youth based mission work. Due to Covid the amount of youth work that could be done has been restricted, and the remaining funds are projected to be spent during 2021/22. ## Sunday School This reserve was fully utilised in the previous financial year. ## Donations to Pass On These are amounts collected during the year on behalf of other charities. All amounts will be passed on as and when appropriate to do so. Prior Year Comparative Information: |Building Fund
Fund for Mission Work
Sunday School
Donations to Pass On
Total|**Balance**
**31.03.2019**
**Income**
**Expenditure**
**Transfers**
**Balance**
**31.03.2020**
**£**
**£**
**£**
**£**
**£**
28,849
-
-
-
28,849
112
1,060
(165)
-
1,007
-
-
-
-
-
168
801
(783)
-
186| |---|---| ||29,129
1,861
(948)
-
30,042| 16 Aylesbury Vale Community Church Accounts – 31 March 2021 Company No. 07837346 ## **Statement of Financial Activities (Incorporating an Income and Expenditure Account)** for the year 1 April 2019 to 31 March 2020 This note is provided in order to show the breakdown of the prior year comparative figures between unrestricted, designated and restricted funds. |**Income from:**
Donations
Other trading activities
Investments
Other
**Total**
**Expenditure on:**
Other trading activities
Charitable activities
Other
**Total**
**Net income/(expenditure)**
**Transfers between funds**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**2019/20**
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
142,671
-
1,801
144,472
2,134
-
-
2,134
-
-
-
-
162
-
60
222| |---|---| ||144,967
-
1,861
146,828| ||129,935
12,054
948
142,937
634
-
-
634| ||130,569
12,054
948
143,571| ||14,398
(12,054)
913
3,257
(12,054)
12,054
-
-| ||2,344
-
913
3,257| ||292,596
40,562
29,129
362,287| ||294,940
40,562
30,042
365,544| 17