Registered number: 07928330 Charity number: 1146320
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 - 9 |
| Statement of cash flows | 10 |
| Notes to the financial statements | 11 - 25 |
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022
Trustees R Tervet J Oyeniyi, Treasurer J Beardon C Govey (appointed 18 April 2021) B Marrett (appointed 18 April 2021) Company registered number 07928330 Charity registered number 1146320 Registered office The Light House 131 Hargham Road Attleborough Norfolk NR17 2JP Accountants MA Partners Audit LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 1
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report together with the financial statements of the Company ('the church') for the year 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) 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).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objective of the Company is for the benefit of the public:
-
To advance Christian faith in accordance with the statement of beliefs in such ways in Attleborough, Norfolk and in such other parts of the UK and the world as the Trustees from time to time think fit.
-
To relieve sickness, financial hardship and promote and preserve good health (by provision of funds, goods or services of any kind including) through provision of counselling and support in Attleborough, Norfolk and in such parts of the UK and the world as the Trustees from time to time think fit.
-
To fulfil such other purpose which are exclusively charitable according to the England and Wales and are connected to charitable work of the Company in such ways and in such of the UK and the world as the Trustees from time to time think fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The church holds weekly Sunday Services that include bible teaching and worship, these are held at The Lighthouse and gather 80 adults and children. They also include activities and groups for children and young people.
We have Community Groups that meet every week across the area for friendship, bible study and to serve the local community.
We also run social events that build community as well as the Alpha Course.
We also support other churches across the UK taking part in Who Cares? , an initiative about listening and responding to the needs of local communities, that started in our church.
c. Main activities undertaken to further the Company's purposes for the public benefit
The Trustees have taken the time to consider guidance issued by the Charities Commission on public benefit when reviewing the activities as detailed above. Throughout all these activities there are opportunities to provide advice, pastoral care and support to local people.
Page 2
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance
a. Main achievements of the Company
It has been a very significant and encouraging year for the charity:
-
Our exciting venue journey - we began the financial year securing the funds to purchase an old brush factory and obtained planning permission to turn it into 'The Lighthouse Centre'.
-
We have baptised 9 people.
-
We ran a special course for those wanting to renew their faith.
-
Continued growth - we now have about 170 people regularly connected to the Church, including children and adults.
-
Foundations - this course has been done with 3 individuals 1:1, and we held a course over the summer.
-
We officially welcomed 15 adult members into the Church, with 6 adult members leaving.
-
129 adults volunteered their time.
There has been an ongoing challenge around venue capacity - we currently use 'The Lighthouse', a smaller venue with no breakout space. We've erected gazebo's as a temporary solution but very much look forward to moving into our new site.
Financial review
a. Overview
In the year ended 31 March 2022 income increased from £116,532 to £538,058 and our expenditure also increased from £105,191 to £135,111. As a result there was a net movement in funds of £402,947 for the year, up from £11,341 in the prior year. This dramatic and significant increase in funds was in part due to a very successful fundraising drive towards the costs of purchasing a new site, the purchase took place after the balance sheet date on 6 April 2022.
b. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
c. Reserves policy
The Trustees have considered the level of reserves they wish to retain, appropriate to the Company's needs. A formal policy on the reserves has been agreed which states that the reserves be maintained at a level which ensures that Church Community Church's activity could continue during a period of unforeseen difficulty and has been set at £9,000 which would cover 6 month's running costs. This is based on the Company's size and level of financial commitments held. The Trustees aim to ensure the Company will be able to fulfill its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. As at 31 March 2022 the Company had unrestricted reserves of £270,341. The Trustees will endeavour not to set aside funds unnecessarily. As stated above, this dramatic and significant increase in funds was in part due to a very successful fundraising drive towards the costs of purchasing a new site, the purchase took place after the balance sheet date on 6 April 2022.
Page 3
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Structure, governance and management
a. Constitution
Christ Community Church, Attleborough is registered as a charitable company limited by guarantee and was set up by Memorandum and Articles of Association.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) 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 Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
R Tervet Trustee
Date: 18 October 2022
Page 4
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022
Independent examiner's report to the Trustees of Christ Community Church, Attleborough ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the Trustees of the Company (and 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 the Company's accounts 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 member of the Institute of Chartered Accountants in England and Wales, 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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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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
-
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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 5
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed:
Dated: 31 October 2022
Alice Lynch BSc ACA DChA
MA Partners Audit LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 6
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2022 £ 197,607 7 197,614 - 5,093 5,093 192,521 12,177 192,521 204,698 |
Unrestricted funds 2022 £ 340,438 6 340,444 39,160 90,858 130,018 210,426 59,915 210,426 270,341 |
Total funds 2022 £ 538,045 13 538,058 39,160 95,951 135,111 402,947 72,092 402,947 475,039 |
Total funds 2021 £ 116,525 7 |
|---|---|---|---|---|
| 116,532 | ||||
| 35,539 69,652 |
||||
| 105,191 | ||||
| 11,341 | ||||
| 60,751 11,341 |
||||
| 72,092 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 25 form part of these financial statements.
Page 7
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee) REGISTERED NUMBER: 07928330
BALANCE SHEET AS AT 31 MARCH 2022
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds |
266,144 182,843 448,987 (27,886) |
2022 £ 77,545 77,545 421,101 498,646 (23,607) 475,039 204,698 270,341 475,039 |
3,789 50,977 54,766 (10,683) |
2021 £ 56,143 56,143 44,083 100,226 (28,134) 72,092 12,177 59,915 72,092 |
|---|---|---|---|---|
Page 8
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee) REGISTERED NUMBER: 07928330
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
R Tervet Trustee
Date: 18 October 2022
The notes on pages 11 to 25 form part of these financial statements.
Page 9
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets Net cash used in investing activities Cash flows from financing activities Repayments of borrowing Net cash used in financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 11 to 25 form part of these financial statements |
2022 £ 159,958 13 (23,578) (23,565) (4,527) (4,527) 131,866 50,977 182,843 |
2021 £ 20,109 7 (2,165) (2,158) (4,422) (4,422) 13,529 37,448 50,977 |
|---|---|---|
Page 10
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. General information
Christ Community Church, Attleborough is a registered charitable company limited by guarantee, incorporated in England and Wales, registration number 07928330. The registered office is The Light House, 131 Hargham Road, Attleborough, Norfolk, NR17 2JP.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Christ Community Church, Attleborough meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 11
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
Freehold property - 2% straight line Equipment - 25% reducing balance
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.10 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
Page 12
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.11 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 Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Offerings Gift aid Other income Building fund Total 2022 Total 2021 |
Restricted funds 2022 £ - 18,632 - 178,975 197,607 200 |
Unrestricted funds 2022 £ 275,381 62,447 2,610 - 340,438 116,325 |
Total funds 2022 £ 275,381 81,079 2,610 178,975 538,045 116,525 |
Total funds 2021 £ 98,451 17,148 726 200 |
|---|---|---|---|---|
| 116,525 | ||||
Page 13
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
4. Investment income
| Deposit account interest Total 2022 Total 2021 |
Restricted funds 2022 Unrestricted funds 2022 £ £ 7 6 7 6 2 5 |
Total funds 2022 £ 13 13 7 |
Total funds 2021 £ 7 |
|---|---|---|---|
| 7 | |||
5. Expenditure on raising funds
Trading activities
| Unrestricted funds 2022 £ Salaries 34,484 Pensions 1,035 Training 3,111 Ministers expenses 530 Total 2022 39,160 Total 2021 35,539 |
Total funds 2022 £ 34,484 1,035 3,111 530 39,160 35,539 |
Total funds 2021 £ 33,984 1,020 442 93 |
|---|---|---|
| 35,539 | ||
Page 14
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6. Analysis of expenditure on charitable activities
Summary by fund type
| Charitable activities Total 2022 Total 2021 |
Restricted funds 2022 £ 5,093 5,093 - |
Unrestricted funds 2022 £ 90,858 90,858 69,652 |
Total funds 2022 £ 95,951 95,951 69,652 |
Total funds 2021 £ 69,652 |
|---|---|---|---|---|
| 69,652 | ||||
7. Analysis of expenditure by activities
| Charitable activities Total 2022 Total 2021 |
Direct costs 2022 £ 50,017 50,017 35,721 |
Support costs 2022 £ 45,934 45,934 33,931 |
Total funds 2022 £ 95,951 95,951 69,652 |
Total funds 2021 £ 69,652 |
|---|---|---|---|---|
| 69,652 | ||||
Page 15
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Mission and donations Events and conferences Equipment and music Youth and children's work Speakers costs Other Total 2022 Analysis of support costs |
Total funds 2022 £ 33,811 2,847 1,580 892 600 10,287 50,017 |
Total funds 2021 £ 20,999 605 623 389 600 12,505 |
|---|---|---|
| 35,721 | ||
| Staff costs Governance costs New building costs Light and heat Depreciation Repairs and renewals Sundries Mortgage interest and charges Printing, postage and stationery Insurance Bank charges Marketing and promotions Total 2022 |
Total funds 2022 £ 16,278 12,137 5,093 3,156 2,176 2,063 1,392 1,327 1,268 778 158 108 45,934 |
Total funds 2021 £ 19,110 4,547 - 2,606 2,477 722 501 1,294 1,289 749 125 511 |
|---|---|---|
| 33,931 |
Page 16
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
8. Independent examiner's remuneration
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's independent examiner for the independent | ||
| examination of the Company's annual accounts | 1,680 | 1,560 |
9. Staff costs
| Wages and salaries Contribution to defined contribution pension schemes |
2022 £ 50,626 1,171 51,797 |
2021 £ 52,882 1,232 |
|---|---|---|
| 54,114 |
The average number of persons employed by the Company during the year was as follows:
| Ministerial Administration |
2022 No. 2 1 3 |
2021 No. 2 1 |
|---|---|---|
| 3 |
No employee received remuneration amounting to more than £60,000 in either year.
The total remuneration for key management personnel (inculding employer national insurance contributions and employer pension contributions) was £39,057 ( 2021: £38,481 ).
Page 17
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
10. Trustees' remuneration and expenses
During the year, one Trustee has been paid remuneration from employment with the Company. The role undertaken was as an Elder. Payments made to Trustees are in line with the permissions outlined in the Memorandum and Articles of Association. The value of Trustees' remuneration and other benefits was as follows:
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| R Tervet | Remuneration | 34,484 | 33,984 |
| Pension contributions paid | 1,035 | 1,020 |
During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL) .
11. Tangible fixed assets
| Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Freehold property £ 63,620 18,578 82,198 11,091 1,272 12,363 69,835 52,529 |
Equipment £ 10,403 5,000 15,403 6,789 904 7,693 7,710 3,614 |
Total £ 74,023 23,578 |
|---|---|---|---|
| 97,601 | |||
| 17,880 2,176 |
|||
| 20,056 | |||
| 77,545 | |||
| 56,143 |
Page 18
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
12. Debtors
| Due within one year Other debtors Prepayments and accrued income |
2022 £ 56,448 209,696 266,144 |
2021 £ 3,789 - |
|---|---|---|
| 3,789 |
13. Creditors: Amounts falling due within one year
| Bank loans Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2022 £ 5,716 18,409 1,848 233 1,680 27,886 |
2021 £ 5,716 1,951 1,234 222 1,560 |
|---|---|---|
| 10,683 |
Page 19
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
14. Creditors: Amounts falling due after more than one year
| Bank loans Included within the above are amounts falling due as follows: Between one and two years Bank loans Between two and five years Bank loans Over five years Bank loans |
2022 £ 23,607 2022 £ 5,716 17,147 744 |
2021 £ 28,134 |
||
|---|---|---|---|---|
| 2021 £ 5,716 17,147 |
||||
| 5,271 |
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:
| Payable or repayable by instalments | 2022 £ 744 744 |
2021 £ 5,271 |
|---|---|---|
| 5,271 |
The outstanding bank loan balance of £5,716 due within one year and £23,607 due after one year is secured against the freehold property of the Company.
Page 20
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
15. Statement of funds
Statement of funds - current year
| Unrestricted funds General funds Restricted funds Building fund Total of funds |
Balance at 1 April 2021 £ 59,915 12,177 72,092 |
Income £ 340,444 197,614 538,058 |
Expenditure £ (130,018) (5,093) (135,111) |
Balance at 31 March 2022 £ 270,341 |
|---|---|---|---|---|
| 204,698 | ||||
| 475,039 |
Page 21
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
15. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General funds Restricted funds Building fund Total of funds Summary of funds Summary of funds - current year General funds Restricted funds Summary of funds - prior year General funds Restricted funds |
Balance at 1 April 2020 £ 48,776 11,975 60,751 Balance at 1 April 2021 £ 59,915 12,177 72,092 Balance at 1 April 2020 £ 48,776 11,975 60,751 |
Income £ 116,330 202 116,532 Income £ 340,444 197,614 538,058 Income £ 116,330 202 116,532 |
Expenditure £ (105,191) - (105,191) Expenditure £ (130,018) (5,093) (135,111) Expenditure £ (105,191) - (105,191) |
Balance at 31 March 2021 £ 59,915 |
|---|---|---|---|---|
| 12,177 | ||||
| 72,092 | ||||
| Balance at 31 March 2022 £ 270,341 204,698 |
||||
| 475,039 | ||||
| Balance at 31 March 2021 £ 59,915 12,177 |
||||
| 72,092 |
16. Summary of funds
Page 22
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
17. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Restricted funds 2022 Unrestricted funds 2022 £ £ - 77,545 204,698 244,289 - (27,886) - (23,607) 204,698 270,341 |
Total funds 2022 £ 77,545 448,987 (27,886) (23,607) 475,039 |
|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Restricted funds 2021 £ - 12,177 - - 12,177 |
Unrestricted funds 2021 £ 56,143 42,589 (10,683) (28,134) 59,915 |
Total funds 2021 £ 56,143 54,766 (10,683) (28,134) 72,092 |
|---|---|---|---|
Page 23
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Dividends, interests and rents from investments Decrease/(increase) in debtors Increase in creditors Net cash provided by operating activities 19. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 20. Analysis of Net Debt At 1 April 2021 £ Cash at bank and in hand 50,977 Debt due after 1 year (28,134) Debt due within 1 year (5,716) 17,127 |
2022 £ 402,947 2,176 (13) (262,355) 17,203 159,958 2022 £ 182,843 182,843 Cash flows £ 131,866 4,527 - 136,393 |
2021 £ 11,341 2,477 (7) 4,368 1,930 20,109 2021 £ 50,977 50,977 At 31 March 2022 £ 182,843 (23,607) (5,716) 153,520 |
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CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
21. Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,171 ( 2021: £1,232 ). £233 ( 2021: £222 ) were payable to the fund at the balance sheet date and are included in creditors.
22. Related party transactions
During the year, gifts totalling £50 were given to J Beardon, a Trustee, for speaking at church events ( 2021: £200 ).
During the year a gift of £50 was paid to Wellspring Family Church Dereham, a charity in which J Beardon is also a Trustee.
During the year a gift of £8,458 ( 2021: £9,500 ) was paid to Relational Mission, a charity in which J Beardon is also a Trustee.
During the year £6,000 ( 2021: £10,848 ) was paid to The Lighthouse, Attleborough for support services provided. During the year £2,417 ( 2021: £776 ) was received from The Lighthouse, Attleborough for hiring of facilities. The Lighthouse, Attleborough is a charity in which J Oyeniyi and R Tervet are also Trustees.
Donations made to the charity by Trustees and their close family members during the year totalled £27,688 ( 2021: £14,457 ).
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