OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

HOPE CHURCH SEVENOAKS Report and Accounts year ended 31 December 2020

HOPE CHURCH SEVENOAKS

FOR THE YEAR ENDED 31 DECEMBER 2020

COMPANY INFORMATION

Directors / trustees

Chris Austen resigned 9 January 2020 Steven Collins appointed 21 October 2020 Jane East resigned 28 July 2020 Ian Lettington appointed 26 June 2020 Adam Northcroft Oluwafisayo Onagoruwa appointed 21 October 2020 Nigel Parrington appointed 28 July 2020 Stephen Wright resigned 19 August 2020

Key staff

Ian Lettington Adam Northcroft

Governing Document

Memorandum and Articles of Association dated November 2011

Company Registration Number 07867586 Charity Registration Number 1145667

Registered Office and The Mill Lane Centre Principal Address Mill Lane Sevenoaks Kent TN14 5AX

Independent Examiner

Bankers

Solicitors

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB Barclays Bank PLC Leicester Leicestershire LE87 2BB Knocker & Foskett The Red House 50 High Street Sevenoaks Kent TN13 1JL

Contents Page
Company Information 1
Directors' Report 2-7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

HOPE CHURCH SEVENOAKS

REPORT OF THE TRUSTEES AND DIRECTORS

YEAR ENDED 31 DECEMBER 2020

The trustees present their report and financial statements for the year ended 31 December 2020.

The accounts have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity's memorandum and articles of association, the Companies Act 2006 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 (FRS 102)”.

Objectives and activities

The charity's objects for the public benefit are to advance the Christian faith, in accordance with the Statement of Beliefs, in Sevenoaks, Kent, and in such other parts of the United Kingdom or world as the Charity in general meetings may from time-to-time think fit and to fulfil such other purposes which are exclusively charitable according to law of England and Wales and are connected with charitable work of the Charity. This can be summarised as follows:

The trustees have paid due regard to the Charity Commission’s guidance on public benefit in planning the charity’s activities.

By its very nature the Christian Faith being rooted in the life and teachings of Jesus Christ has a strong positive influence through the Church into society. It remains extremely wide and powerful in its influence. The Christian faith brings a clear sense of meaning and purpose to life. The Christian faith helps and gives support to 'the poor' in its widest definition. It supports the essential societal foundational institutions of marriage and family, both in the promotion of and the engagement with marriage and family according to God's outstanding wisdom. The Christian faith expressed through charity helps those entering into marriage and parenting through advice, marriage/parenting preparation, personal example and marriage and parenting classes. The principled moral fabric provided by the Christian faith ensures a society that cares, values justice, treats all human life with dignity and kindness.

Hope Church upholds the aims and ethos of the Christian faith. Outside of the general benefits of the Christian faith to a society, Hope Church specifically benefits its local community in the following ways:

  1. Walker’s Rest – the church building is made available as a meeting place and opportunity for refreshments for the elderly and others that gather to walk to boost their health and ensure companionship. (until March due to Covid restrictions)

Page 2

HOPE CHURCH SEVENOAKS

REPORT OF THE TRUSTEES AND DIRECTORS CONTINUED

YEAR ENDED 31 DECEMBER 2020

2. Health Visitors' Clinic & Hope Café (until March due to Covid restrictions)

This weekly event supports the work of the Health Visitor Service by providing support staff and a venue (The Mill Lane Centre) without cost to the Service, so reducing pressure on NHS budgets. The initiative also enables the Health Visitors to achieve a key goal of increasing their connection with young mothers, while reducing the need for home visits. The Cafe provides a welcome break for busy new mums, enabling them to talk to Hope Church staff and connect with their local community, sometimes for the first time.

  1. Crosslight – the debt charity is given monthly access to the church building in order to provide a drop-in Centre for anyone with debt or other financial worries. The facility is provided free of charge as their service furthers our charitable aims.

  2. West Kent Extra - a weekly group for 8–12-year old’s run by West Kent Housing Association is based in the church building. Backed by a range of social care providers, up to 20 children attend for social education and support. (until March due to Covid restrictions)

  3. Foster Carers - the building is made available for a training day and support group for foster parents.

  4. West Kent Health Visitors - one-to-one appointments, training and information day.

  5. Christmas Hampers – Gifts given by the church to a range of families who are struggling financially.

  6. Breast Feeding support group – the church provides a facility for this weekly group that provides support for mothers struggling to feed their new-born babies. (this group stopped meeting after March due to the Covid restrictions).

  7. Food Bank Aid – food was gathered by the church for the Loaves & Fishes and Trinity School food banks.

……………………………………………………………………………….

Page 3

HOPE CHURCH SEVENOAKS

REPORT OF THE TRUSTEES AND DIRECTORS CONTINUED

YEAR ENDED 31 DECEMBER 2020

Achievements and performance

The Vision and Mission for 2020 was set out at the beginning of the year and was - 'Doing Church Bigger.' Under this banner the following things were achieved:

In addition to these activities, throughout the year, Hope Church has focused time and resources on the following:

1.Alpha - a series of seminars and discussion groups for Christians and non-Christians, which includes meals and special days. Due to the Covid restrictions this was transferred to zoom and other forms of media. A number of people attended and committed their life to Jesus.

2.Hope Kids (0–11-year old’s) - a weekly extension of church for church member's children and visitors. An online programme was development due to the Covid restrictions.

3.Ignite (youth work for 11–18-year old’s) - weekly and monthly meetings and activities for young people designed to encourage them on their journey to faith and living a dynamic faith-filled lif ~~e.~~ The youth work began meeting online due to Covid restrictions.

4.Small Groups:

Page 4

HOPE CHURCH SEVENOAKS

REPORT OF THE TRUSTEES AND DIRECTORS CONTINUED

YEAR ENDED 31 DECEMBER 2020

5.Social events and meals - the church continued providing a variety of social activities to encourage a sense of community in the church and the wider town. These were held online and included a Murder Mystery Night and a Quiz Night. The only live event was the Ladies Breakfast which was held before Covid restriction came into force.

6.Prayer - a monthly prayer meeting on a Tuesday evening and weekly prayer meetings on Wednesday were held throughout 2020. (again, online due to restrictions)

7.Health Visitors Clinic and Hope Café - details outlined above.

8.Sunday mornings worship and teaching - the church has continued to hold regular Sunday services and midweek meetings for church members although anyone is welcome to attend. Risk Assessments were undertaken during the two phases of lockdown to ensure meetings could continue when government regulations allowed such gatherings. All services were held online after the March restrictions came into place.

Plans for the future

The charity intends to continue to develop its principal activities and to progress its plans to improve the church building.

Financial review

The charity derives the majority of its income from voluntary donations and associated income tax recovery from “gift aid” donations. These donations are usually on a monthly basis over the course of the year; however, the charity does receive certain “one off” donations. The principal areas of expenditure are salaries and related staff costs and the running costs of the church premises.

Page 5

HOPE CHURCH SEVENOAKS

REPORT OF THE TRUSTEES AND DIRECTORS CONTINUED

YEAR ENDED 31 DECEMBER 2020

During the year:

Reserves Policy

It is the policy of the charity that unrestricted, undesignated cash should be maintained at a level equivalent to at least two months unrestricted expenditure, being approximately £45,000. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities whilst consideration is given to ways in which additional funds may be raised. The charity ended the year with unrestricted, undesignated cash of £160,759 and the trustees are satisfied that the charity is complying with its reserves policy.

Risk Statement

The trustees have assessed the major risks to which the charity is exposed at various trustees’ meetings, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Charity is a company limited by guarantee governed by memorandum and articles of association. The trustees, who are also the directors for the purpose of company law, and who have served since the previous balance sheet date are named on page 1, ‘Company Information’.

Trustees are appointed and removed by Members who are the Trustees of the church. Trustees may appoint new trustees however they must resign and be re-appointed at the next Annual General Meeting (AGM). Elders and existing trustees ensure that new trustees are aware of their legal obligations under charity law together with the operations of the charity.

The trustees have overall legal, financial and management responsibility and meet regularly throughout the year. A largely separate ministry team is led by Adam Northcroft. This team includes Elders and had overall responsibility for spiritual leadership and for the day to day running of the church.

The church is affiliated to “New Ground”, which is a group of churches across the UK and Europe related to the New Frontiers family of churches.

Page 6

HOPE CHURCH SEVENOAKS REPORT OF THE TRUSTEES AND DIRECTORS CONTINUED YEAR

ENDED 31 DECEMBER 2020

Covid-19

In March 2020 the charity took steps (in line with government advice) to help contain the outbreak of Covid-19. This included the temporary suspension of all physical gatherings and the charity has had to curtail, or change, how it operates; the charity has been able to continue some of its activities using on-line media. The trustees are monitoring income and expenditure and, if it becomes necessary, will take measures to mitigate the impact of Covid-19 on the charity’s unrestricted cash.

Statement of Trustees’ Responsibilities

The trustees, who are also the directors of Hope Church Sevenoaks for the purpose of company law, 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). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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 Companies Act 2006. 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.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees on 29[th] July 2021 and signed on their behalf by:

Steven Collins Chair of Trustees

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

HOPE CHURCH SEVENOAKS ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020 on pages 9 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 11 and 12.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’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 Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship

3 September 2021

1 Lamb's Passage London EC1Y 8AB

Page 8

HOPE CHURCH SEVENOAKS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
Interest receivable
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total expenditure
Net income / (expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Unrestricted
Funds
£
234,364
8,611
-
242,975
264,243
264,243
(21,268)
-
(21,268)
1,334,260
1,312,992		 Restricted
Funds
£
7,345
-
-
7,345
11,931
11,931
(4,586)
-
(4,586)
10,387
5,801		 Total
Funds
2020
£
241,709
8,611
-
250,320
276,174
276,174
(25,854)
-
(25,854)
1,344,647
1,318,793		 Total
Funds
2019
£
362,949
22,014
40
385,003
327,463
327,463
57,540
-
57,540
1,287,107
1,344,647

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

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 11-19 form part of these accounts.

Page 9

HOPE CHURCH SEVENOAKS

BALANCE SHEET

AS AT 31 DECEMBER 2020

Note
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
8
CREDITORS: Amounts falling
due within one year
9
Net current assets
TOTAL NET ASSETS
FUND BALANCES
11
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
1,123,408
9,521
189,548
199,069
9,485
189,584
1,312,992
1,268,826
44,166
1,312,992
-
1,312,992		 Restricted
Funds
£
-
25
5,776
5,801
-
5,801
5,801
-
-
-
5,801
5,801		 Total
Funds
2020
£
1,123,408
9,546
195,324
204,870
9,485
195,385
1,318,793
1,268,826
44,166
1,312,992
5,801
1,318,793		 Total
Funds
2019
£
1,147,746
14,710
199,524
214,234
17,333
196,901
1,344,647
1,280,265
53,995
1,334,260
10,387
1,344,647

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Ian Lettington Trustee

Date: 29 July 2021

Company number: 07867586 Charity number: 1145667

The notes on page 11-19 form part of these accounts.

Page 10

HOPE CHURCH SEVENOAKS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These 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 (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes recoverable gift aid, which is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

Income from charitable activities comprises income from events and courses organised by the church and from letting the church building for activities that benefit the local community.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Page 11

HOPE CHURCH SEVENOAKS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

c) Expenditure continued

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Land and buildings Land, which was valued on 30 April 2012 at £400,000, is not depreciated. Buildings are depreciated over 50 years after taking account of the building's residual value.

Equipment

Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Retirement benefits

The charity operates defined contribution pension scheme for its employees. Obligations for contributions to this scheme are recognised as an expense when the liability arises. The assets of this scheme are held separately from those of the charity in independently administered funds.

g) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). Cash and cash equivalents include cash in hand and deposits held at call with banks.

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement

ln preparing these financial statements certain judgements, estimates and assumptions have been made that affect the depreciation charged in these financial statements. The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.

Page 12

HOPE CHURCH SEVENOAKS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

3 Donations and legacies

Donations and related gift aid
4
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs
Depreciation and impairment
Premises costs
Building projects
Church events and other ministry expenses
Children and youth work
Evangelism
Leaders expenses and training
Music expenses and repairs
Gifts for visiting speakers
Insurance
Grants (see note 4c)
b
Costs incurred on support & administration
Governance costs
Fee for examining the accounts
Staff costs
Administrative expenses
Total expenditure		 Unrestricted
Funds
£
234,364
Unrestricted
Funds
£
127,173
32,409
25,991
4,419
2,459
5,428
938
1,145
2,384
100
3,212
205,658
22,380
228,038
1,560
21,413
13,232
36,205
264,243		 Restricted
Funds
£
7,345
Restricted
Funds
£
-
4,882
-
-
-
-
-
-
-
-
-
4,882
7,049
11,931
-
-
-
-
11,931		 Total
2020
£
241,709
Total
2020
£
127,173
37,291
25,991
4,419
2,459
5,428
938
1,145
2,384
100
3,212
210,540
29,429
239,969
1,560
21,413
13,232
36,205
276,174		 Total
2019
£
362,949
Total
2019
£
120,131
39,493
32,189
11,642
18,698
11,779
2,640
4,396
1,687
450
2,738
245,843
43,662
289,505
1,560
18,840
17,558
37,958
327,463

In addition to the fees payable for the preparation and examination of the 2020 accounts, the charity paid £884 (2019: £792) to Stewardship for payroll bureau and consultancy services.

c Grants payable

Grants for UK and overseas mission
Grants to assist those in poverty or in crisis		 Institutions
£
16,468
4,994
21,462		 Individuals
£
7,200
767
7,967		 2020
£
23,668
5,761
29,429

Page 13

HOPE CHURCH SEVENOAKS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

4c Grants payable continued

The comparatives for the previous year are as follows:

The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants to assist those in poverty or in crisis
The charity's principal grants to institutions comprised:
New Ground Churches
Trinity School Chapel
World Shine Foundation
Small grants to other institutions		 Institutions
£
20,700
1,800
22,500		 Individuals
£
17,000
4,162
21,162
2020
£
16,074
3,088
1,800
500
21,462		 2019
£
37,700
5,962
43,662
2019
£
20,700
-
1,800
-
22,500

5 Analysis of staff costs, the cost of key management personnel and trustee remuneration

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Social security
Pension costs
Other employment costs		 2020
£
132,537
10,399
3,827
1,823
148,586		 2019
£
123,116
9,738
3,098
3,019
138,971

Most of the charity's activities are carried out by volunteers. The average monthly number of employees during the year was:

Ministerial staff
Administrative support staff		 2020
Number
3
1
4		 2019
Number
2
1
3

No staff received salaries at a rate of more than £60,000 per annum. Most of the charity's activities are carried out by volunteers.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

loyment benefits payable to key management for the year were as follows:
Employer
Wages &
pension
salaries
contributions
Adam Northcroft, who is a trustee
56,500
1,695
Ian Lettington, who is a trustee
51,200
1,536		 2020
£
58,195
52,736
110,931

Page 14

HOPE CHURCH SEVENOAKS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

5 Analysis of staff costs continued

The following amounts were charged in the previous year:

Employer
Wages &
pension
salaries
contributions
Adam Northcroft, who is a trustee
55,587
1,475
Jane East, who is a trustee
6,615
-
Other members of key management		 2019
£
57,062
6,615
53,147
116,824

Both Adam Northcroft and Ian Lettington were employed to serve as a church leaders. They received the above payments for serving in those capacities, not for serving as trustees; these payments are permitted by the charity's governing document.

6 Tangible fixed assets

Cost
At 1 January 2020
Additions
At 31 December 2020
Accumulated depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Land and
buildings
£
1,250,000
-
1,250,000
130,333
17,000
147,333
1,102,667
1,119,667		 Fixtures,
fittings and
equipment
£
127,532
12,954
140,486
99,453
20,292
119,745
20,741
28,079		 Total
2020
£
1,377,532
12,954
1,390,486
229,786
37,292
267,078
1,123,408
1,147,746

Land and buildings comprises a freehold property transferred from Sevenoaks Town Church charitable trust (STC) to Hope Church Sevenoaks (HCS) on 30 April 2012 when HCS commenced its activities. The market value at that date was estimated by the trustees to be £1,250,000.

7 Debtors

Tax recoverable
Other debtors
Prepayments and accrued income		 2020
£
2,660
3,757
3,129
9,546		 2019
£
4,143
6,023
4,544
14,710

Page 15

HOPE CHURCH SEVENOAKS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

8 Cash at Bank and in Hand

at Bank and in Hand
Cash at bank with immediate access
Petty cash
itors: liabilities falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals
Grant obligations		 2020
£
195,164
160
195,324
2020
£
1,998
3,757
760
2,970
-
9,485		 2019
£
199,365
159
199,524
2019
£
3,174
3,444
705
5,010
5,000
17,333

9 Creditors: liabilities falling due within one year

10 Pension commitments

During the year employer’s pension contributions totalling £3,827 (2019: £3,098) were payable to defined contribution personal pension schemes. At the balance sheet date pension contributions totalling £760 (2019: £705) were owed.

11 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Vision and Mission fund
Building fund
Savings
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Help fund
Building Refurbishment fund
Covid Support fund
Trinity School Chapel fund
Aggregate of funds		 Opening
balance
2020
£
5,930
9,235
38,830
53,995
1,280,265
1,334,260
5,505
4,882
-
-
10,387
1,344,647		 Incoming
resources
2020
£
-
-
-
-
242,975
242,975
1,663
-
2,594
3,088
7,345
250,320		 Outgoing
resources
2020
£
(5,537)
(3,078)
(4,214)
(12,829)
(251,414)
(264,243)
(1,367)
(4,882)
(2,594)
(3,088)
(11,932)
(276,175)		 Transfers
in the year
2020
£
-
-
3,000
3,000
(3,000)
-
-
-
-
-
-
-		 Closing
balance
2020
£
393
6,157
37,616
44,166
1,268,826
1,312,992
5,801
-
-
-
5,801
1,318,793

Page 16

HOPE CHURCH SEVENOAKS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

11 Funds continued

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities
In the previous year the movements in the charity's funds w
Opening
balance
2019
£
Designated Funds
Vision and Mission fund
11,467
Building fund
22,653
Savings
-
34,120
General Unrestricted Funds
1,236,836
Total Unrestricted Funds
1,270,956
Restricted Funds
Help fund
2,014
World Shine Foundation fund
137
Building Refurbishment fund
14,000
Missionary support fund
-
16,151
Aggregate of funds
1,287,107		 General
Designated
funds
funds
£
£
1,108,030
15,378
9,521
-
160,759
28,788
(9,485)
-
1,268,826
44,166
ere as follows:
Incoming
Outgoing
resources
resources
2019
2019
£
£
-
(5,537)
440
(13,478)
-
-
440
(19,015)
360,588
(278,709)
361,028
(297,724)
11,115
(7,624)
10
(147)
-
(9,118)
12,850
(12,850)
23,975
(29,739)
385,003
(327,463)
Unrestricted Funds		 Restricted
funds
£
-
25
5,776
-
5,801
Transfers
in the year
2019
£
-
(380)
38,830
38,450
(38,450)
-
-
-
-
-
-
-		 2020
£
1,123,408
9,546
195,324
(9,485)
1,318,793
Closing
balance
2019
£
5,930
9,235
38,830
53,995
1,280,265
1,334,260
5,505
-
4,882
-
10,387
1,344,647

Analysis of net assets by fund

In the previous year the assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 General
Designated
funds
funds
£
£
1,127,699
15,165
13,460
-
151,439
38,830
(12,333)
-
1,280,265
53,995
Unrestricted funds		 Restricted
funds
£
4,882
1,250
9,255
(5,000)
10,387		 2019
£
1,147,746
14,710
199,524
(17,333)
1,344,647

Page 17

HOPE CHURCH SEVENOAKS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

11 Funds continued

Designated funds

Vision and Mission fund : these funds were set aside by the trustees for the purpose of refurbishing the crèche area and improving communications and advertising.

Building fund : these funds were set aside by the trustees for the purpose of maintaining and improving the building.

Savings fund : during the year £38,830 was transferred from unrestricted general funds to this new designated fund; these funds have been set aside for various infrastructure projects, including the replacement of boilers.

Restricted funds

The Help fund represents donations received for to help those in poverty or in crisis.

The World Shine Foundation fund represents donations received to help support a ministry that provides education to children living in poverty in Uganda

The Building Refurbishment fund represents donations received to help finance repairs and improvements to the church premises.

The Missionary Support fund represents donations received to help support missionaries and Christian workers.

The Covid Support fund represents donations received to help relieve poverty caused by the Covid pandemic.

The Trinity School Chapel fund represents donations received to assist the local Trinity School establish a chapel for use by students and teachers.

12 Transactions with related parties

During the year the charity:

Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.

13 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 18

HOPE CHURCH SEVENOAKS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
Interest receivable
Total income and endowments
EXPENDITURE ON:
Charitable activities
4
Total Expenditure
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 2020
£
234,364
8,611
-
242,975
251,414
251,414
(8,439)
(3,000)
(11,439)
1,280,265
1,268,826
Unrestricted F		 2019
£
338,534
22,014
40
360,588
278,709
278,709
81,879
(38,450)
43,429
1,236,836
1,280,265
unds - General		 2020
£
-
-
-
-
12,829
12,829
(12,829)
3,000
(9,829)
53,995
44,166
Unrestricted Fun		 2019
£
440
-
-
440
19,015
19,015
(18,575)
38,450
19,875
34,120
53,995
ds - Designated		 2020
£
7,345
-
-
7,345
11,931
11,931
(4,586)
-
(4,586)
10,387
5,801
Restrict		 2019
£
23,975
-
-
ed Funds		 Total
Funds
2020
£
241,709
8,611
-
250,320
276,174
276,174
(25,854)
-
(25,854)
1,344,647
1,318,793		 Total
Funds
2019
£
362,949
22,014
40
23,975 385,003
29,739 327,463
29,739 327,463
(5,764)
-		 57,540
-
(5,764)
16,151		 57,540
1,287,107
10,387 1,344,647

Page 19