**REGISTERED CHARITY NUMBER: 1148208**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **FOR**
## **REACHOUT COMMUNITY CHURCH IRCHESTER**
Elsby & Co
155 Wellingborough Road Rushden Northamptonshire NN10 9TB
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 MARCH 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|12|
|**Detailed Statement of Financial Activities**|13|to|14|
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 MARCH 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Our objectives, as set out in the constitution are as follows:
To advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit;
To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time think fit; and
To advance education in such ways and such parts of the United Kingdom or the world as the trustees from time to time think fit;
The trustees believe that these objectives were advanced throughout the year through its varied activities and programme.
## **Public benefit**
All of the activities of the church are open to members of the public and none are exclusively for church members.
## **FINANCIAL REVIEW**
## **Reserves**
Reserves held at the end of the financial year amounted to £152,287. The annual expenditure of the church is currently around £31,000 and the reserves cover a year's projected expenditure. The Trustees feel that ideally reserves held should be sufficient to cover all known financial commitments for a twelve month period
The Coronavirus pandemic has had a worldwide impact. Reachout Community Church has seen a decrease in donations due to the church being closed however the Trustees have managed to control the expenditure and as a result the church has achieved a surplus for the year of £23,516 .
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Reachout Community Church Irchester is governed by a constitution dated 27 May 2012. It is registered as a charity with the Charity Commission and has the following classification:
Religious activities Education and training Relief of poverty
## **Charity constitution**
The constitution of the Church was adopted on 27 May 2012.
The Church was registered as a Charity with the Charity Commission on 19 July 2012.
Page 1
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 MARCH 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governance and management**
Reachout Community Church Irchester has a strong and effective leadership team. The leaders are very much active in the strategic direction of the organisation and are committed to continuous development of the organisation to meet, and where possible, surpass its objectives.
The collective skills and experiences of the leadership team is wide ranging and in addition, Reachout Community Church Irchester also employ professional organisations and individuals where required.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1148208
## **Principal address**
2 - 4 High Street Irchester Northamptonshire NN29 7AB
## **Trustees**
Pastor J T Aldwinckle Mrs L Moses D A Campbell (resigned 25.8.20) I D Hodgson (appointed 25.8.20)
## **Independent Examiner**
Carl Elsby Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NN10 9TB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................................................... Pastor J T Aldwinckle - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REACHOUT COMMUNITY CHURCH IRCHESTER**
## **Independent examiner's report to the trustees of Reachout Community Church Irchester**
I report to the charity trustees on my examination of the accounts of Reachout Community Church Irchester (the Trust) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Carl Elsby Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NN10 9TB
Date: .............................................
Page 3
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 MARCH 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
53,830
Investment income
3
282
**Total**
54,112
**EXPENDITURE ON**
**Charitable activities**
4
Charitable activities
22,997
Governance costs
7,599
**Total**
30,596
**NET INCOME**
23,516
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
-
**Net movement in funds**
23,516
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
128,771
**TOTAL FUNDS CARRIED FORWARD**
152,287|Restricted
fund
£
564
-
564
564
-
564
-
-
-
-
-|2021
Total
funds
£
54,394
282
54,676
23,561
7,599
31,160
23,516
-
23,516
128,771
152,287|2020
Total
funds
£
63,638
384|
|---|---|---|---|
||||64,022
42,655
7,771|
||||50,426|
||||13,596
43,302|
||||56,898
71,873|
||||128,771|
The notes form part of these financial statements
Page 4
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **BALANCE SHEET**
## **31 MARCH 2021**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
9
210,000
**CURRENT ASSETS**
Debtors
10
2,604
Cash at bank and in hand
49,017
51,621
**CREDITORS**
Amounts falling due within one year
11
(12,364)
**NET CURRENT ASSETS**
39,257
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
249,257
**CREDITORS**
Amounts falling due after more than one year
12
(96,970)
**NET ASSETS**
152,287
**FUNDS**
15
Unrestricted funds:
General fund
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
-
-
-
-
-
-|2021
Total
funds
£
210,000
2,604
49,017
51,621
(12,364)
39,257
249,257
(96,970)
152,287
152,287
152,287|2020
Total
funds
£
210,000
2,033
36,592
38,625
(11,713)
26,912
236,912
(108,141)
128,771
128,771
128,771|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
J T Aldwinckle - Trustee
............................................. L Moses - Trustee
The notes form part of these financial statements
Page 5
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **for the year ended 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
## **Income**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
No depreciation has been provided on freehold property. The trustees have adopted a policy of revaluation and the property was revalued at £210,000 as at 31st March 2020, and the trustees believe the value has not materially changed as at 31st March 2021.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Funds held by the Charity are either:
Restricted Funds - Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated.
Designated Funds - Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees' discretion.
Unrestricted General Funds - These are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 MARCH 2021**
## **2. DONATIONS AND LEGACIES**
|**2.**|**DONATIONS AND LEGACIES**|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||£|£|
||Gifts and donations|||46,619|54,647|
||Gift aid|||7,775|8,991|
|||||54,394|63,638|
|**3.**|**INVESTMENT INCOME**|||||
|||||2021|2020|
|||||£|£|
||Deposit account interest|||282|384|
|**4.**|**CHARITABLE ACTIVITIES COSTS**|||||
|||Direct||Support||
|||Costs|(see|costs (see||
|||note|5)|note 6)|Totals|
|||£||£|£|
||Charitable activities|23,561||-|23,561|
||Governance costs||-|7,599|7,599|
|||23,561||7,599|31,160|
|**5.**|**DIRECT COSTS OF CHARITABLE ACTIVITIES**|||||
|||||2021|2020|
|||||£|£|
||Staff costs|||-|5,699|
||Rates and water|||(13)|485|
||Insurance|||951|981|
||Light and heat|||2,695|5,237|
||Telephone|||913|1,030|
||Postage and stationery|||295|176|
||Advertising|||-|700|
||Outreach|||7,150|11,418|
||Repairs and maintenance|||4,994|984|
||Cleaning|||118|91|
||Catering|||47|2,684|
||Play equipment|||442|429|
||Travel costs|||61|1,239|
||Lease of office equipment|||1,110|1,110|
||Subscriptions|||2,162|1,901|
||Licences|||624|829|
||Books|||510|-|
||Craft consumables|||161|165|
||Donations|||757|5,351|
||Printing|||584|212|
||Conference|||-|1,800|
||Carried forward|||23,561|42,521|
Page 7
continued...
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 MARCH 2021**
## **5. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued**
|**DIRECT COSTS OF CHARITABLE ACTIVITIES - continued**|||
|---|---|---|
|Brought forward
Payroll expenses|2021
£
23,561
-
23,561|2020
£
42,521
104|
|||42,625|
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
||Governance|
||costs|
||£|
|Governance costs|7,599|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **8. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Assistant Pastor
No employees received emoluments in excess of £60,000.
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2020 and 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020|2021
-|2020
1
Freehold
property
£
210,000|
|---|---|---|
|||210,000|
|||210,000|
## **9. TANGIBLE FIXED ASSETS**
Page 8
continued...
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 MARCH 2021**
|**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 13)
Other creditors
**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 13)
**13.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal||2021
£
2,604
2021
£
10,983
1,381
12,364
2021
£
96,970
2021
£
10,983
11,546
38,304
47,120|2020
£
2,033
2020
£
10,391
1,322
11,713
2020
£
108,141||2020
£
2,033|
|---|---|---|---|---|---|
||||||2020
£
10,391
1,322|
||||||11,713|
|||||2020
£
10,391||
|||||10,974||
|||||36,408||
|||||60,759||
Page 9
continued...
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2021**
## **14. SECURED DEBTS**
The following secured debts are included within creditors:
|Bank loans
A first legal charge is in place over the freehold property.
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|2021
2020
£
£
107,953
118,532
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
128,771
23,516
152,287
128,771
23,516
152,287
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
54,112
(30,596)
23,516
564
(564)
-
54,676
(31,160)
23,516
Net
movement
At
At 1.4.19
in funds
31.3.20
£
£
£
71,873
56,898
128,771
71,873
56,898
128,771|2020
£
118,532|2020
£
118,532|
|---|---|---|---|
|||At
31.3.21
£
152,287||
|||152,287||
||||128,771|
## **15. MOVEMENT IN FUNDS**
Page 10
continued...
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the year ended 31 MARCH 2021**
## **15. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|61,997|(48,401)|43,302|56,898|
|**Restricted funds**|||||
|Restricted fund|2,025|(2,025)|-|-|
|**TOTAL FUNDS**|64,022|(50,426)|43,302|56,898|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.19
£
71,873
71,873|Net
movement
in funds
£
80,414
80,414|At
31.3.21
£
152,287|
|---|---|---|---|
||||152,287|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|116,109|(78,997)|43,302|80,414|
|**Restricted funds**|||||
|Restricted fund|2,589|(2,589)|-|-|
|**TOTAL FUNDS**|118,698|(81,586)|43,302|80,414|
## Purposes of unrestricted funds
To provide benefit to the community in which the charity operates by offering spiritual and moral support to individuals of all ages and backgrounds. In particular pastoral and educational services are available together with Christian support and advice.
## Purposes of restricted funds
The restricted fund is made up of donations received for contributions to Compassion UK to support the welfare of children. In addition, funds were received during the year to assist Olga Kopilova with her charity work in Israel.
Page 11
continued...
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2021**
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
Page 12
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 MARCH 2021**
|||||2021|2020|
|---|---|---|---|---|---|
||Unrestricted||Restricted|Total|Total|
||funds||funds|funds|funds|
||£||£|£|£|
|**INCOME AND ENDOWMENTS**||||||
|**Donations and legacies**||||||
|Gifts and donations|46,055||564|46,619|54,647|
|Gift aid|7,775||-|7,775|8,991|
||53,830||564|54,394|63,638|
|**Investment income**||||||
|Deposit account interest||282|-|282|384|
|**Total incoming resources**|54,112||564|54,676|64,022|
|**EXPENDITURE**||||||
|**Charitable activities**||||||
|Wages||-|-|-|3,843|
|Social security||-|-|-|1,496|
|Pensions||-|-|-|360|
|Rates and water||(13)|-|(13)|485|
|Insurance||951|-|951|981|
|Light and heat|2,695||-|2,695|5,237|
|Telephone||913|-|913|1,030|
|Postage and stationery||295|-|295|176|
|Advertising||-|-|-|700|
|Outreach|7,150||-|7,150|11,418|
|Repairs and maintenance|4,994||-|4,994|984|
|Cleaning||118|-|118|91|
|Catering||47|-|47|2,684|
|Play equipment||442|-|442|429|
|Travel costs||61|-|61|1,239|
|Lease of office equipment|1,110||-|1,110|1,110|
|Subscriptions|2,162||-|2,162|1,901|
|Licences||624|-|624|829|
|Books||510|-|510|-|
|Craft consumables||161|-|161|165|
|Donations||193|564|757|5,351|
|Printing||584|-|584|212|
|Conference||-|-|-|1,800|
|Payroll expenses||-|-|-|104|
||22,997||564|23,561|42,625|
This page does not form part of the statutory financial statements
Page 13
**REACHOUT COMMUNITY CHURCH IRCHESTER**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 MARCH 2021**
||||2021|2020|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**Support costs**|||||
|**Governance costs**|||||
|Accountancy and legal fees|1,860|-|1,860|1,350|
|Loan interest|5,739|-|5,739|6,451|
||7,599|-|7,599|7,801|
|Total resources expended|30,596|564|31,160|50,426|
|**Net income**|23,516|-|23,516|13,596|
This page does not form part of the statutory financial statements
Page 14