## Godfirst Church Cheltenham Ltd Report and Accounts Year ended 31st December 2021 ## **Godfirst Church Cheltenham** ## **COMPANY INFORMATION** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** **----- Start of picture text -----**
Trustees H Kellett - Church Leader
T Bradbury
T Foster
J Bell (resigned 28/2/22)
B Gatley
R Stamp (appointed 21/09/21)
Company Secretary T Foster
Key management Howard Kellett
Christopher Appel
Governing Document Memorandum and Articles of Association dated 31 May 2012
Company Registration Number 08090929
Charity Registration Number 1148222
Registered Office 2 Mayhill
Shurdington Road
Cheltenham
Gloucestershire
GL52 0NJ
Independent Examiner Lourens du Plessis ACA CA(SA)
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Bankers HSBC Bank plc
Contents Page
Company Information 1
Trustees' Annual Report 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-13
Detailed Statement of Financial Activities with Comparatives 14
**----- End of picture text -----**
Page 1 ## **Godfirst Church Cheltenham** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year. ## **Objects of the charity** The charity is a charitable company and is governed by its memorandum and articles of association. The primary objective of the charity, as set out in the governing document, is to advance the Christian faith in accordance with the charity's Statement of Beliefs, in Cheltenham, and in such other parts of the United Kingdom and the world, as the Trustees may from time to time think fit. ## **Summary of the charity's main activities and achievements** To further the above objects and vision, the charity's main activities and achievements were as follows: The church began gathering informally in September 2009. Due to the pandemic we had no hard indication of how many people would consider Godfirst their church at the start of this reporting period. However by the end of the reporting period we had 133 adults and 51 children who would consider Godfirst their church. These numbers are similar to our numbers before the pandemic but hide a significan t turnover of people. ## **Covid-19** In March 2020 the trustees took measures (in line with government advice and legislation) to help contain the nationwide 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 many of its activities using on-line media. The charity continued to monitor income and expenditure to mitigate the financial impact. This continued into this financial year until the government restrictions were eased. Godfirst Sunday continued to be online - via YouTube - until 4 April 2021 before returning to in-person Sundays at the Parabola Arts Centre. ## **Grants and Giving** We have made grants to organisations and charities that share our values and charitable aims. We provided finance for local charities such as Family Space and Teens in Crisis. We have a Hardship fund (in line with one of our charitable aims) which we developed to allow us to support local people in deep financial need, in line with our Hardship fund policy. We support our church planting network Advance Movement UK. We continue to support churches overseas in less developed settings, that are part of the Advance network of churches, including Dar es Salaam, Tanzania and Amanzimototi, Durban South Africa. We also support Advance churches in Nepal who face significant poverty due to complications brought about by the pandemic. We continue to review our safeguarding procedures in line with current guidelines from Thirtyone:eight (formerly CCPAS). We have worked to ensure continued full GDPR compliance. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. Page 2 ## **Godfirst Church Cheltenham** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **Staffing** Our staffing base at the end of 2021 was 2.6 FTE (2020: 2.6). Our staff team consists of a full time Senior Pastor, a full time Associate Pastor on a Tier 2 Visa, a Children's Worker for 4 hours (0.11 FTE), an Operations Manager for 12 hours (0.34 FTE) and a Treasurer for 5 hours (0.14 FTE). ## **Structure, Governance and Management** The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the Company. The Trustees are responsible for ensuring that Godfirst Church Cheltenham fulfills its aims. The management of the charity is delegated to Howard Kellett who serves both as Trustee and is employed as the leader of the church. Staff salaries and conditions are set by a Trustee subcommittee to ensure no conflict of interest in this area. Potential new trustees are identified by the Elders and approved and appointed by a vote of the Trustee board. Howard has regular meetings with the wider leaders of the church. Our Treasurer prepares detailed monthly financial reports for the Elders and Trustees. Whilst the spiritual leadership of Godfirst Church Cheltenham lies with a team of four Elders, we ensure a clear delineation of responsibilities, between Trustees, Elders and Staff team Godfirst is part of the Advance Network of Churches. ## **Financial review** During the year income decreased by £63,917, to £157,479, and expenditure increased by £1,729, to £191,937. As a result the charity has reported a deficit for theyear of £34,458 (2020: £31,188 surplus) and net assets have decreased by the same amount, to £63,179. Net current assets includes cash of £81,190, of which £577 is restricted, £60,971 is held in the designated Vision fund and £19,642 is held in unrestricted funds. ## **Reserves policy** The Board of Directors have established a policy whereby free reserves (which the trustees define as being unrestricted net current assets) held by the charity should be maintained at between 2 and 3 months of normal committed church expenditure (which equates to approximately £28-40K). The reserves policy includes green, amber and red action levels; ifcash flow falls below 2 and 1 months normal committed church expenditure. The Charity operates a Vision Fund which is designated for stategic initiatives that would help grow the church. If it became necessary, these funds could be used to cover thecharity's operating expenses and so they are considered to form part of free reserves. At the year-end the charity held unrestricted net current assets of £58,298. . ## **Key risks and uncertainties** The Directors have reviewed the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis. During the pandemic we operated a specifically adapated risk assessment policy to take into consideration risks linked to Covid-19 infections. Page 3 Godflrst Church Cheltenham TRUSTEES. ANNUAL REPORT (INCORPORATING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEM8ER 2021 Plans for the future We remain commi118d lo growth. However, our current focus Is on s88lng community life restored af19r the pand8miG. We are currgntly looklng into an opportunity lo purch8$9 a local bulldlng for use as a Ghurch hub and office space. In the future we would look lo purchase a Sunday meet￿g space. In partnershlp with Advanc@ Movemgnl (Charity number 11805921 w8 are exploring supporting and developing new church cornmunilies I congrogallons in the UK and beyond. We alm lo contlnue lo support and develop work In the area of social lustlce In support of our ¢h8ri18ble alms. Rg¥ponslbllltlo8 of trustees under company law The Irusloos aro re8ponslble lor preparfng the trustees, annual report and the Ilnancial slalements In accordance wllh appllGable law and Unit8d Klngdom Acoounling Standards (United Klngdom Gengrally Accepted Accounting Pracllcel. Comp8ny law requires the Iruslees lo prepar8 flnanclal slalemenls for each lin4nclal year which glve a true and falr view of th8 slate of Ihg aflalrs of the chaTilable company as al the balance sheet dale and of Ils Incomlng resources and applicallon of resources, includlng income and •xp8ndllure, for the flnanclal year. In pr8paring these flnanclal slalements, the Iruslees are required lo.. select sultable accounting policles and apply them consls1gnlly.. 2. obsgtve tho methods and prfnciples in the Chgrltlos SORP., make ludggmenls and esllmales that are reasonable and prudent., 4. slate whether th8 appllcable accounllng standards have been folbwed, subject lo any materfal departures dlsclosed and explalned in the financlal slalemenls,. and S. prepare the linanc1al slalements on a going concem basls unless 11 Is in8ppropriate to presume that tho ¢h8rfly wll conlinue In op8ralion. Tho directors arg rasponslble for keeping proper accounting records that dlsclose wlh reasonable accuracy at any lime the flnancial position ol the charll8blg Gompany and enable Ihem lo ensure that the flnancial s18temenls comply wSlh the Companies Act 2006. They are also responsible for safeguarding the assets of the Ghari18ble company and hence for taking reasonable st&ps for th8 prevention and del8Ction of fraud and other irregularftles. Approval This report, whioh h8s been prepared in accordance with the provisions ol the Companigs Act 2006 relating lo sm811 companie W8s appruved by the trustees and signed on their behalf by: H Kell Date-. Page 4 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **Godfirst Church Cheltenham** ## **('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021 on pages 6 to 7 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 13. ## **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** 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. Lourens du Plessis ACA CA(SA) Stewardship 1 Lamb's Passage London EC1Y 8AB > Date: 9 September 2022 Page 5 ## **Godfirst Church Cheltenham** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
6
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13|Unrestricted
Funds
£
155,745
1,087
62
156,894
189,866
189,866
(32,972)
-
(32,972)
95,574
62,602|Restricted
Funds
£
585
-
-
585
2,071
2,071
(1,486)
-
(1,486)
2,062
576|Total
Funds
2021
£
156,330
1,087
62
157,479
191,937
191,937
(34,458)
-
(34,458)
97,636
63,178|Total
Funds
2020
£
219,377
1,950
69| |---|---|---|---|---| |||||221,396| |||||190,208| |||||190,208| |||||| |||||31,188
-| |||||31,188
66,448| |||||97,636| 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 8-13 form part of these accounts. Page 6 Godflr$t Chtych Clwltenham BALANCE SHEET AS AT 31 DECEMBER 2021 Total Funds 2021 Toi81 Fund5 2020 UnrestrKt8d Fur+d8 Re51rit8d Funds Nol& FIXED ASSETS Tanglblfr asse15 6,431 CURRENT ASSETS Debtors Cash al bank and li hatsd 7,037 7.037 81.190 34,099 85.404 10 577 87,650 577 88.227 119.503 CREDITORS.. Amounts falllng du& wlthln one year 129,3521 P9,3521 128,2981 N81 Gwr#nt asset• I Illabllld•BI 58.298 677 91 205 TOTAL NET ASSETS 577 63.179 FUND BALANCES UnrO$lricled Fund$ Gen8r81 funds De$pJnaled fundÈ 1,631 60,971 62,602 1.631 60,971 62,602 24,802 70.971 S.S72.84 Ro$tr￿le￿ Funds 577 577 2 083.00 677 97.636 The chariiablo company 1$ Onlliigd lo exernpik)n from 8udll under S8Ctbn 477 01 thg Conyant08 Acl 2006 for the ye8r 8nd•d 31 Oacembar 2021. The m8mbers h8ve i)ot ¥8qulre4J the corypany to obialn at) audlt ol ils I￿anc￿91sta10menIs lor Ihe year endad 31 Dgctrmbgr 2021 h o¢¢ordance vilh Secibn 476 of the Comp8nb$ Aci 2U06 however, ITh g¢cord8nco ￿th So¢llon 145 01 Ihé Charltl88 Acl 2011. tha accoun18 hav• b8an exorfned by an hdopandant 8xarriner gnd Ihow repori h8$ begn InGlule(J In Ih•s• Ih8ncl818tal8menl8. The dw8clors (who 818 the charitgbb ¢ompany's Iru$lee$ lor Iha purposes of ¢harlty lewl acknowl8dge Ihetr re8ponslblllll&8 for.. 101 on$urlng that thé ch8rllabb Gompany ko(>ps accounting records whl¢h Conv￿ wllh Sett￿n$ 386 and 387 of the CompanB$ Act 2006 and., Ibl prgparlng flnan¢lal st818￿nts whiGh give a truo an($ I0￿ vlew of the 51&te of affaks of the charftable cony)any 88 81 th8 end of e4ch fh8nclal yoar and of Ils net Incomg or axpendllure lor each flnancigl year In acGordanG& wllh the requ1￿m￿ntS of s&cl￿n$ 394 and 395 which oth&rwiso wmpty wllh the ffjquirements of Ihe ¢ompanles Act 2006 relathg to fln&n¢ial stalemenls, $0 far a8 applicabk lo th8 charllable company. The Ilnancial $181om9nls have been prepared ￿ a￿Or￿anCe ￿th the provl&knns of Part 15 of th8 Compan*$ Act 2006 ralatln9 to small ¢orrpanlo5. Th8 fln8nclal 8181ome approved by the Board of Dire¢iors and w8r& 51gned oft Ils behaw tjy.. H. Ko11811 Date-. Company number.. 08090g29 Charity number. 1148222 Tr8 notes on page 8-13 form part of these aGGDunts. Page 7 ## **Godfirst Church Cheltenham** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **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. 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. Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church courses and other events and courses. Investment income represents income generated by the charity's assets and comprises bank interest. 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. 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 £900 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: ## 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. Page 8 ## **Godfirst Church Cheltenham** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** - f) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes 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). ## 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 The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period. - **3 Donations and legacies** |**3**
**Donations and legacies**
Donations of cash and similar
Income tax recoverable
**4**
**Income from charitable activities**
Church courses and events
**5**
**Investment income**
Bank interest
**6**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Employment related
Staff costs
Conferences and training
Advertising
Church activities
Venue hire
Guest speakers
Grants payable (note 6c)
**b**
**Costs incurred on support & administration**
Governance costs
Independent examiner's fee
Office costs, including equipment
Depreciation of tangible fixed assets
Insurance
**Total expenditure**|Unrestricted
Funds
£
128,537
27,207
155,744
Unrestricted
Funds
£
1,086
1,086
Unrestricted
Funds
£
62
62
Unrestricted
Funds
£
122,112
1,462
8,719
1,287
9,412
15,575
300
19,096
177,963
1,440
7,515
2,127
820
11,902
189,865|Restricted
Funds
£
585
-
585
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
-
511
-
-
1,560
2,071
-
-
-
-
-
2,071|2021
£
129,123
27,207
156,330
2021
£
1,087
1,087
2021
£
62
62
2021
£
122,113
1,463
8,719
1,286
9,922
15,575
300
20,656
180,034
1,440
7,516
2,127
820
11,903
191,937|2020
£
179,839
39,538| |---|---|---|---|---| |||||219,377| |||||2020
£
1,950| |||||1,950| |||||2020
£
69| |||||69| |||||2020
£
110,969
2,696
2,754
3,440
21,978
7,533
300
28,498| |||||178,168| |||||1,860
7,480
2,127
573| |||||12,040| |||||190,208| The fee payable to the independent examiner for examining the accounts was £1,440 (2020: £1,860). Page 9 ## **Godfirst Church Cheltenham** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **c Grants payable** |**Grants payable**||| |---|---|---| |Institutions
£
Missionary support
19,466
Relief of poverty
-
19,466
The comparatives for the previous year are as follows:
Institutions
£
Missionary support
20,471
Relief of poverty
5,416
25,887
The charity's principal grants to institutions comprised:
Advance Movement UK
God's Tribe Church Tanzania
Family Space
Teens in Crisis
Reconciliation Road
Cheltenham Foodbank
Grants to institutions for less than £1,000 each
Gross wages and salaries
Employer's national insurance contribution
Employer's pension contribution
**Analysis of staff costs, the cost of key management personnel and trustee remuneration**|Individuals
£
278
912
1,190
Individuals
£
-
2,610
2,610
2021
£
7,800
3,600
2,748
2,100
2,400
-
818
19,466
2021
£
109,791
6,662
5,660
122,113|2021
£
19,744
912| |||20,656| |||2020
£
20,471
8,027| |||28,498| |||2020
£
11,400
6,000
2,727
2,689
1,829
1,000
242| |||25,887| |||2020
£
100,842
4,344
5,783| |||110,969| ## **7 Analysis of staff costs, the cost of key management personnel and trustee remuneration** The average monthly number of employees during the year was 5 (2020: 5). This equates to 2.6 FTE (2020: 2.6 FTE). Most of the charity's activities are carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum. (2020: none) 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: |Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Howard Kellett
44,923
-
4,101
Other members of key management
50,447
-
1,498
following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Howard Kellett
43,934
-
4,101
Other members of key management
34,245
-
1,478|2021
£
49,024
51,945| |---|---| ||100,969| ||2020
£
48,035
35,723| ||83,758| The following amounts were payable in the previous year: Howard Kellett served as a church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document. Page 1 0 ## **Godfirst Church Cheltenham** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **8 Tangible fixed assets** |Cost
At 1 January 2021
Additions
Gains / (losses) on revaluation
Disposals
At 31 December 2021
Accumulated depreciation
At 1 January 2021
Charge for the year
Eliminated on disposal
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
**Debtors**
**Falling due within one year:**
Tax recoverable
Other debtors
Prepayments and accrued income
**Cash at Bank and in Hand**
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
**Creditors: liabilities falling due within one year**
Taxation and social security
Other creditors
Accruals
Deferred Income
Grant obligations|Musical
equipment
£
10,634
-
-
-
10,634
4,203
2,127
6,330
4,304
6,431
2021
£
4,745
583
1,709
7,037
2021
£
23,736
57,454
81,190
2021
£
4,029
4,368
1,470
285
19,200
29,352|Total
2021
£
10,634
-
-
-| |---|---|---| |||10,634| |||4,203
2,127
-| |||6,330| |||4,304| |||6,431| |||2020
£
15,379
18,720
-| |||34,099| |||2020
£
28,016
57,388| |||85,404| |||2020
£
2,559
4,679
1,860
-
19,200| |||28,298| ## **9 Debtors** ## **10 Cash at Bank and in Hand** ## **11 Creditors: liabilities falling due within one year** ## **12 Pension commitments** During the year employer’s pension contributions totalling £5,659 (2020: £5,783) were payable to defined contribution personal pension schemes. Pension contributions totalling £341 (2020: £341) were owed at the balance sheet date. ## **13 Funds** During the year the movements in the charity's funds were as follows: |_Designated Funds_
Vision Fund
_General Unrestricted Funds_
Total Unrestricted Funds|Opening
balance
2021
£
70,971
24,603
95,574|Incoming
resources
2021
£
-
156,893
156,893|Outgoing
resources
2021
£
-
(189,864)
(189,864)|Transfers
in the year
2021
£
(10,000)
10,000
-|Gains and
losses
2021
£
-
-
-|Closing
balance
2021
£
60,971| |---|---|---|---|---|---|---| |||||||1,632| |||||||62,603| Page 1 1 ## **Godfirst Church Cheltenham** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** |_Restricted Funds_
Hardship
Mission
Family Space
Barry Church
Aggregate of funds|327
577
648
511
2,063
97,637|585
-
-
-
585
157,478|(912)
-
(648)
(511)
(2,071)
(191,935)|-
-
-
-
-
-|-
-
-
-
-
-|-
577
-
-| |---|---|---|---|---|---|---| |||||||577| |||||||63,180| The transfers referred to above were made for the following reasons: a) to cover incurred operating expenses. ## **Analysis of net assets by fund** The assets and liabilities of the various funds were as follows: |assets and liabilities of the various funds were as follows:|||| |---|---|---|---| |Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
£
4,304
-
7,037
-
19,642
60,971
(29,352)
-
1,631
60,971
Unrestricted Funds|Restricted
funds
£
-
-
577
-
577|2021
£
4,304
7,037
81,190
(29,352)| ||||63,179| In the previous year the movements in the charity's funds were as follows: |_Designated Funds_
Vision Fund
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Hardship
Mission
Nepal
Family Space
Barry Church
Aggregate of funds|Opening
balance
2020
£
51,295
3,109
54,404
30
577
-
-
11,437
12,044
66,448|Incoming
resources
2020
£
29,127
183,650
212,777
2,906
-
1,858
975
2,880
8,619
221,396|Outgoing
resources
2020
£
(9,451)
(162,156)
(171,607)
(2,610)
-
(1,858)
(327)
(13,806)
(18,601)
(190,208)|Transfers
in the year
2020
£
-
-
-
-
-
-
-
-
-
-|Gains and
losses
2020
£
-
-
-
-
-
-
-
-
-
-|Closing
balance
2020
£
70,971| |---|---|---|---|---|---|---| |||||||24,603| |||||||95,574| |||||||326
577
-
648
511| |||||||2,062| |||||||97,636| Page 1 2 ## **Godfirst Church Cheltenham** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **Analysis of net assets by fund** In the previous year, the assets and liabilities of the various funds were as follows: |Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
£
6,431
-
34,099
-
12,370
70,971
(28,298)
-
24,602
70,971
Unrestricted Funds|Restricted
funds
£
-
-
2,063
-
2,063|2020
£
6,431
34,099
85,404
(28,298)| |---|---|---|---| ||||97,636| ## Designated funds The **Vision fund** is represented by resources set aside by the trustees for projects that will help grow the church (e.g. new staff, new buildings and other strategic intiatives). ## Restricted funds The **Hardship fund** was created from donations received to help individuals in serious financial need. The **Mission fund** was created by donations to a special offering taken to help support overseas mission. The **Barry Church** f **und** was created from donations received to help support a new church plant in Barry. The church plant in Barry registered as a separate charity in 2020 and in June 2020 the balance at that time on this restricted fund was paid out as a grant to the new charity. The **Family Space fund** was created from donations received to support a local charity working with families led by a member of the church, and where a number volunteer at. The balance at the start of the year on this restricted fund was paid out as a grant to the charity. ## **14 Transactions with related parties** During the year the charity received donations totalling £27,404 (2020: £28,791) from related parties (which includes trustees, key management and anyone closely connected to them). Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties, no expenses were paid to (or for) the trustees. Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year. ## **15 Members** Each member of the company commits to contribute if the charity is wound up an amount of £10. Page 1 3 ## **Godfirst Church Cheltenham** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
6
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13||General
2021
£
155,745
1,087
62
156,894
189,866
189,866
(32,972)
10,000
(22,972)
24,603
1,631
Unrestrict|Unrestrict|Designated
2021
£
-
-
-
-
(10,000)
(10,000)
70,971
60,971
ed funds|Restricted
2021
£
585
585
2,071
2,071
(1,486)
-
(1,486)
2,062
576|Total
2021
£
156,330
1,087
62
157,479
191,937
191,937
(34,458)
-
(34,458)
97,636
63,178|||General
2020
£
181,631
1,950
69
183,650
162,156
162,156
21,494
-
21,494
3,109
24,603
Unrestrict|Unrestrict|Designated
2020
£
29,127
-
-
29,127
9,451
9,451
19,676
-
19,676
51,295
70,971
ed funds|Restricted
2020
£
8,619
-
-
8,619
18,601
18,601
(9,982)
-
(9,982)
12,044
2,062|Total
2020
£
219,377
1,950
69
221,396
190,208
190,208
31,188
-
31,188
66,448
97,636| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| Page 1 4