CITY CHURCH WORCESTER Accollnts - 31 December 2021
CITY CHURCH WORCESTER
(A company limited by guarantee and not having a share capital)
Charity number: 1147713 Company number: 7918567
Accounts – Year ended 31[st ] December 2021
INDEX
- 1-3. Report of the Trustees and General Information 4. Independent Examiner’s Report to the Trustees 5. Statement of Financial Activities 6. Balance Sheet 7-12. Notes to the Accounts
Registered in England and Wales No: 7918567
CITY CHURCH WORCESTER
REPORT OF THE TRUSTEES
for the year ended 31 December 2021
The Trustees are pleased to present their annual report and financial statements of the charity for the year ending 31st December 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document, the Charities Act 2011, the Companies Act 2006, the Memorandum & Articles of Association and the Charities Statement of Recommended Practice (“Charities SORP) (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland; FRS 102) issued in October 2019.
Reference and Administration Details
The charity’s name is City Church Worcester.
Charity Registration Number: 1147713
Company Number: 7918567
Registered Office: Lindisfarne House, 4 Barbourne Terrace, Worcester, WR1 3JS
Trustees and Directors
The Trustees of the charitable company (the charity) are its Directors for the purposes of company law. The Trustees and officers who served during the year and since the year end were as follows:
E Campsall S Chapman – resigned 9[th] February 2022 T Murphy – resigned 30[th] July 2020 H Farrington R Chapman – resigned 19[th] January 2021 D Crow J Abladey – appointed 19[th] January 2021 C Adey – appointed 9[th] February 2022
Objects and Activities
The main objects of the charity are:
-
a) The advancement of the Christian faith.
-
b) To relieve persons in conditions of need or hardship or who are aged or sick. c) To advance education.
In planning the activities of the charitable company the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
CITY CHURCH WORCESTER
REPORT OF THE TRUSTEES
for the year ended 31 December 2021 ( Continued)
Achievements and Performance
City Church Worcester has continued to operate in the past year as a charitable organisation for the benefit of its partners and the wider community.
Weekly, Sunday worship which is open to all, has taken place over the last year on-line and, at times, in person at a variety of venues. We also hold regular meetings at our own building, Lindisfarne House. The Church’s office is based here and is open and staffed to administer and manage the Church’s work during the week. Various weekly activities take place for the benefit of the elderly, families and toddlers and the young people of the Church as well as other Church groups. The aims of Christian teaching and community activities are served in this way.
The Church operates small community groups in Worcester for the benefit of others. We also engage in activities designed to promote and sustain the spiritual, physical and mental health of those in the Church community and beyond. In addition, we support and help to sponsor other local charities that are involved in activities including the food bank, counselling service, support for those who foster and/or adopt, Christian school and debt advice services.
City Church also supports Church partners in Christian charitable work in a variety of overseas regions including North Africa and Thailand.
Financial Review
The total income for the year was £170,339 and total expenditure on charitable activities amounted to £174,780.
Reserves Policy
The trustees have examined the charity’s requirements for reserves taking account of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be sufficient to cover at least three months of expenditure. The trustees consider that the amount required is between £30,000 and £35,000 in general funds. The trustees are confident that, at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding.
Whilst income funds net of fixed assets stands at £133,845 a designation of £2,217 has been set aside for the following broad classes of activity:
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Specific ministry activities of the organisation as a local church,
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Support for other ministries within Worcester and the community itself, and
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International missionary activities.
A further £100,448 has been set aside as a storehouse fund which is primarily to be put towards the building and building maintenance.
The present level of general funds available to the charity is £31,180. This is at the required level. The trustees plan to maintain general funds by managing the charity’s general expenditure within current income levels.
CITY CHURCH WORCESTER
REPORT OF THE TRUSTEES
for the year ended 31 December 2021 ( Continued)
Structure, Governance and Management
Governing Document
City Church Worcester is a company limited by guarantee governed by its Memorandum and Articles of Association dated 6[th] January 2012. It is registered as a charity with the Charity Commission. Members of the charitable company guarantee to contribute amounts not exceeding £1 to the assets of the charitable company in the event of winding up.
Appointment of Trustees
The trustees keep the composition of the board under review and will seek to appoint additional members with appropriate skills and expertise should the need arise. Interested parties are given details of the background of the charitable company in order to make them aware of current activities.
This report has been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006.
Approved by the trustees on 17 July 2022 and signed on its behalf by:
E Campsall
………………. E Campsall - Trustee
Worcester
CITY CHURCH WORCESTER
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report to the trustees on my examination of the accounts of City Church Worcester for the year ended 31st December 2021.
Responsibilities and Basis of Report
As the charity’s trustees (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 charitable 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
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:
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accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
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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
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the accounts have not been prepared in accordance with 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.
A P Williams FCCA A J Carter & Co Chartered Accountants
22b High Street Witney Oxon OX28 6RB
1st August 2022
CITY CHURCH WORCESTER
STATEMENT OF FINANCIAL ACTIVITIES
(including on income and expenditure account)
for the year ended 31 December 2021
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Other 6 Total incoming resources Expenditure on: Charitable activities 7 Total expenditure Net income/(expenditure) and net movement in funds for the year Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2021 £ £ £ 142,766 17,213 159,979 1,131 - 1,131 300 - 300 8,929 - 8,929 153,126 17,213 170,339 153,895 20,885 174,780 153,895 20,885 174,780 (769) (3,672) (4,441) - - - (769) (3,672) (4,441) 392,257 9,982 402,239 £391,488 £6,310£397,798 |
Total Funds 2020 £ 152,691 1,830 111 3,541 |
|---|---|---|
| 158,173 | ||
| 165,102 | ||
| 165,102 | ||
| (6,929) - |
||
| (6,929) 409,168 |
||
| £402,239 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 7 to 12 form part of these financial statements
Registered in England and Wales: 7918567
CITY CHURCH WORCESTER
BALANCE SHEET as at 31 December 2021
| Note Fixed assets Tangible assets 13 Total fixed assets Current assets Debtors 14 Cash at bank and in hand Total current assets Liabilities Creditors falling due within one year 15 Net current assets Total assets less current liabilities Total net assets 16 The funds of the Charity Restricted income funds 17 Unrestricted income funds 17 Total unrestricted funds Total charity funds |
2021 £ 257,643 257,643 17,288 124,856 142,144 1,989 140,155 397,798 £397,798 6,310 391,488 391,488 £397,798 |
2020 £ 256,367 |
|---|---|---|
| 256,367 | ||
| 8,007 144,277 |
||
| 152,284 6,412 |
||
| 145,872 | ||
| 402,239 | ||
| £402,239 | ||
| 9,982 | ||
| 392,257 | ||
| 392,257 | ||
| £402,239 |
For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors Responsibilities
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
The directors acknowledge their responsibilities for complying with the requirements of the act with respect to the accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006.
These accounts were approved by the board of directors and authorised for issue on: 17 July 2022 and are signed on their behalf by:
E Campsall
…………………….. E Campsall - Trustee/Director
The notes on pages 7 to 12 form part of these financial statements
CITY CHURCH WORCESTER
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021
1. Accounting Policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of Preparation
The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Reporting Financial Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
b) Public Benefit Entity
City Church Worcester meets the definition of a public benefit entity under FRS 102.
c) Going Concern
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
d) Income Recognition Policies
Items of income are recognised and included in the accounts when all of the following criteria are met:
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The charity has entitlement to the funds;
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any performance conditions attached to the items of income have been met or are fully within the control of the charity;
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there is sufficient certainty that receipt of the income is considered probable; and;
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the amount can be measured reliably.
Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.
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e) Interest Receivable
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Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
f) Fund Accounting
- Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
CITY CHURCH WORCESTER
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 ( Continued)
g)
Expenditure and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h)
Tangible Fixed Assets
Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on the straight line basis as follows:
| Motor Vehicles | - 25% straight line |
|---|---|
| Equipment | - 20% straight line |
| Freehold Property | - not depreciated |
- i) Debtors
Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
- j) Cash at Bank and in Hand Cash at bank and cash 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.
k) Creditors and Provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2. Legal Status of the Charity
The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
3. Income from donations
| Gifts and donations | 2021 £ 159,979 £159,979 |
2020 £ 152,691 £152,691 |
|---|---|---|
Of the £159,979 received in 2021 (2020: £152,691) £17,213 was restricted funds (2020: £11,517) and £142,766 (2020: £141,174) unrestricted funds).
4. Income from charitable activities
| Events, conferences and training | 2021 £ 1,131 £1,131 |
2020 £ 1,830 |
|---|---|---|
| £1,830 |
CITY CHURCH WORCESTER
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 ( Continued)
5. Investment income
All of the Charity investment income arises from money held in CAF Bank account.
6. Income earned from other sources
| Use of facilities Other 7.Analysis of expenditure on charitable activities Ministry Ministry support UK giving Overseas giving and trips Events Conferences and training Church services Ministry activities Other grants and gifts Property Premises hire Rates, water and heat and light Repairs and maintenance Insurance Cleaning Depreciation - Equipment and furniture Administration Paper, postage and stationery IT supplies Telephone and internet Bank charges and interest Miscellaneous Governance costs Total |
2021 £ 2,120 6,809 £8,929 2021 Total £ 95,327 6,725 20,196 2,421 2,240 638 2,379 13,167 2,910 4,562 4,181 2,529 399 6,668 1,147 4,460 684 319 2,538 1,290 £174,780 |
2020 £ 3,541 - £3,541 2020 Total £ 76,065 8,101 19,973 3,292 4,107 2,091 2,691 11,478 1,903 4,689 10,855 2,313 498 5,227 966 5,895 651 211 2,704 1,392 £165,102 |
|---|---|---|
Of the £174,780 expenditure in 2021 (2020 £165,102), £153,895 was charged to unrestricted funds (2020: £147,932) and £20,885 to restricted funds (2020: £17,170).
CITY CHURCH WORCESTER
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 ( Continued)
8. Net income/(expenditure) for the year
| This is stated after charging: Depreciation Accountancy services 9.Analysis of staff costs and trustee remuneration and expenses Salaries and wages Social security costs Employer Contribution to Defined Contribution Pension Scheme |
2021 £ 6,668 1,290 2021 £ 90,009 - 4,365 £94,374 |
2020 £ 5,227 1,392 |
|---|---|---|
| 2020 £ 76,840 - 3,496 |
||
| £80,336 |
No employees had emoluments in excess of £60,000 (2020: Nil).
During the year the following amounts were paid to the trustees and their spouses:
| S Chapman Mrs R Chapman |
2021 £ 170 170 £340 |
2020 £ 3,372 3,372 |
|---|---|---|
| £6,744 |
During the year key management personnel were paid a total of £45,980 (2020: £31,112).
10. Staff numbers
The average monthly number of employees during the year was as follows:
| 2021 | 2020 |
|---|---|
| Number | Number |
| 8 | 10 |
11. Related party transactions
During the year under review trustees, key management personnel and close relatives made unrestricted donations totalling £32,415 (2020: £32,396) and restricted donations totalling £7,050 (2020: £1,660) to the charity.
CITY CHURCH WORCESTER
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 ( Continued)
12. Corporation tax
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
13. Tangible fixed assets
| Cost: As at 1.1.2021 Additions Disposals As at 31.12.2021 Depreciation: As at 1.1.2021 Charge for year On disposals As at 31.12.2021 Net book value: As at 31.12.2021 As at 31.12.2020 14.Debtors Tax refunds due Prepayments and accrued income Other debtors 15.Creditors: amounts falling due within one Trade creditors Accruals Other creditors |
Freehold land and Motor buildings vehicles £ £ 243,110 6,891 - - - - |
Equipment £ 81,482 7,944 - 89,426 71,593 4,945 - 76,538 £12,888 £9,889 2021 £ 6,278 11,010 - £17,288 2021 £ 529 1,460 - £1,989 |
Total £ 331,483 7,944 - |
|---|---|---|---|
| 243,110 6,891 |
339,427 | ||
| - 3,523 - 1,723 - - |
75,116 6,668 - |
||
| - 5,246 |
81,784 | ||
| £243,110 £1,645 |
£257,643 | ||
| £243,110 £3,368 |
£256,367 | ||
| year | 2020 £ 6,384 - 1,623 |
||
| £8,007 | |||
| 2020 £ 4,381 1,920 111 |
|||
| £6,412 |
CITY CHURCH WORCESTER
NOTES TO THE ACCOUNTS
for the year ended 31 December 2021 ( Continued)
16. Analysis of net assets between funds
| Tangible fixed assets Cash at bank and in hand Other net current assets/(liabilities) Total |
General Designated Restricted Fund Funds Funds £ £ £ 257,643 - - 18,098 100,448 6,310 15,299 £291,040 £100,448 £6,310 |
Total £ 257,643 124,856 15,299 |
|---|---|---|
| £397,798 |
17. Analysis of charitable funds
Analysis of movements in restricted funds
| Restricted giving Total Name of restricted fund Restricted giving |
Balance Incoming Resources Funds 1.1.2021 resources expended Transfers 31.12 2021 £ £ £ £ £ 9,982 17,213 (20,885) 6,310 £9,982 £17,213£(20,885) £- £6,310 Description, nature and purposes of the fund For specific projects both in the UK and abroad |
Funds 31.12 2021 £ 6,310 |
|---|---|---|
| £6,310 |
Analysis of movements in unrestricted funds
| Balance | Incoming | Resources | Funds | |||
|---|---|---|---|---|---|---|
| 1.1.2021 | resources | expended | Transfers | 31.12.2021 | ||
| £ | £ | £ | £ | £ | ||
| General fund | 288,700 | 153,126 | (153,895) |
3,109 | 291,040 | |
| Designated building fund | 94,094 | - | - |
(3,109) | 90,985 | |
| Designated building | ||||||
| maintenance fund | 9,463 | - | - | - | 9,463 | |
| Total | £392,257 | £153,126 | £(153,895) | £- | £391,488 | |
| Name of unrestricted fund | Description, nature and purposes of |
the fund |
General fund The 'free reserves' after allowing for all designated funds. Building fund Set aside by Trustees for maintenance of the Church