Grace Church, Cambridge
Report and Accounts Year ended 31 December 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
GRACE CHURCH, CAMBRIDGE
FOR THE YEAR ENDED 31 DECEMBER 2021
CHARITY INFORMATION
Directors/Trustees Mr G Beynon Mr M Borg Mr R Dobson Mrs F Doel Dr D Roberts Mr M Rowland Mr S Garry Governing Document CIO - Foundation Conversion dated 21 September 2020 Company Registration Number 8257453 Charity Registration Number 1150034 Registered Office 8 Fairbairn Road Cambridge CB4 1UG Independent Examiner Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Co-operative Bank
| CONTENTS | |
|---|---|
| Page | |
| Charity Information | 1 |
| Directors' Report | 2-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9-14 |
| Detailed Statement of Financial Activities with Comparatives | 15 |
Page 1
GRACE CHURCH, CAMBRIDGE REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees have pleasure in submitting the Report and Accounts for the year.
Change of status
In September 2020, Grace Church was reconstituted as a Charitable Incorporated Organisation (CIO) with the Charity Commission and ceased to operate as a Limited Company. The Church Trustees took advice from various experts and it was agreed this form of organisation was better fit for Grace Church.
Objects of the charity
The charity's objects are the advancement and practice of the Christian faith.
Governance
The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor activities of Grace Church Cambridge. New Trustees are nominated by the current Trustees and their appointment is confirmed by a vote of the Grace Church Cambridge membership.
Review of activities
The continuing global pandemic (COVID-19) impacted in-person gatherings for the first part of 2021, but Grace Church Cambridge continued to meet its objectives to share and live out the Christian faith through the daily activities of the church family. Through this the church provided family support, community support programmes for the unemployed, debt-stricken and elderly, and care for international visitors to Cambridge. Sunday services were a hybrid of in-person and on Zoom throughout the year, with numbers attending in-person increasing as the year went on. Despite still needing to require proof of a negative COVID-19 test for all attendees, the year ended with a special service Christmas Candlelight service at the Round Church. This event was well attended and was recorded and shared via YouTube for those who could not attend.
Grace Church Cambridge employed five people to oversee the running of church activities.
Grace Church conducted weekly Sunday services for the regular congregation and guests as well as weekly small group meetings for Bible study and discussion, support and prayer. We continued to hold prayer meetings and monthly church family meetings online via Zoom.
Community Outreach
In 2021, Grace Church continued its work in the community in partnership with the national charity, Christians Against Poverty. Grace Church staff and volunteers worked with local people struggling with debt burdens, unemployment and financial difficulties. Although COVID restrictions were less strict, COVID still loomed large, and so visits were irregular. We were able to continue work with a combination of visits and phone calls, however. Another debt coach from Hope Church East Chesterton worked alongside our debt coach and both were fully booked.
Families are normally visited and supported by a trained debt coach and trained volunteer befriender. The CAP financial team at head office do the debt management planning and build an achievable route out of debt, giving on-going support until our clients go debt free. Trained Grace Church people then continue to support those who are working with us for as long as they want our support. In 2021, we saw six families go debt free.
We also began to re-establish our various weekly groups. After re-starting a job club with low attendance, we adapted and began to focus more on families. The Grace Church children and family worker got involved and we started a group at the nearby Church of the Good Shepherd on Mondays. We converted our Job Club into a oneto-one service and one of our church members connected with those interested in jobs, while our family group offered parenting, budgeting and life skills advice. Grace Church’s trained Life Skills coaches aim to promote discussion and sharing of ideas to point people to healthy lifestyle habits, such as maintaining good mental health, practical cooking skills, healthy relationships and household budgeting on a low income. We also had six Grace Church members who trained to offer the Money Course. We delivered two four-week courses, one during the day and the other in the evening, supporting six people across those two courses.
Page 2
GRACE CHURCH, CAMBRIDGE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2021
Grace Church also ran some online evening sessions over two weeks for the charity “Homestart” and supported four families in this way. We also ran an online session for four people on budgeting for “Make do and mend,” another charity focusing on mental health.
Our Community Outreach Worker was seconded to work with Emmanuel Church in Northstowe for one day each week where she ran a Life Skills group. Emmanuel regularly had four or five families coming to this. An evening money course was attended by five people, and a “Summer Drop In” for a coffee and chat allowed us to connect with several local families and individuals as well as provide information about CAP. Six of the Emmanuel team trained to become money coaches.
In December, Grace Church homegroups provided hampers and goody bags for families and individuals who were struggling financially.
Care Home Ministry
A team 8-10 staff and volunteers from Grace Church has been holding services in Manor Care Home on Sunday afternoons since 2012, but the global pandemic beginning in 2020 limited this ministry. Before the pandemic we were enjoying regular visits to the care home, delivering services on a fortnightly basis as well as developing relationships with the residents and staff and praying for them. The ministry is currently paused whilst we wait for restrictions to be lifted. We look forward to when we can go back to delivering services and sharing the gospel with the staff and residents of Manor Care Home.
Children and Youth
Grace Church has continued to serve children and young people who are part of the church family, and those in the local community in 2021. A combination of resources were created for parents to use with children at home, including teaching ideas and short input videos, as well as in-person classes for children aged 0-12 on Sunday mornings from April 2021. The teaching teams have continued with a whole church curriculum model, enabling families to learn together. The Teens programme continued online with a fortnightly Sunday evening meeting. At Easter and Christmas, gift bags with Bible story books and activities were given to local families to help explain why these events are significant. From September 2021, a Christians Against Poverty group specifically suitable for local families with pre-school children was established to enable parents to attend CAP Life Skills and Money courses.
Supporting International visitors to Cambridge
The Grace Church volunteers working with international visitors continued their work throughout 2021, albeit still restrained by restrictions on face-to-face meetings. For most of the year, English and Bible teaching took place via Zoom, but face-to-face meetings recommenced in October. As has been the case since the start of the pandemic, there were only a few new local contacts, but we were able to maintain links with and continue to help many existing friends who had returned to their own country. We were also able to support some internationals staying in Cambridge at various times through one-to-one meetings.
Page 3
GRACE CHURCH, CAMBRIDGE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2021
National and international financial support
Grace Church was also able to provide financial support to a number of Christian organisations in the UK in 2021, as well as provide financial support for church partners living and working in Bulgaria, Greece, Manchester, China and Indonesia.
Public benefit
In planning the activities the Trustees have had regard to the guidance on public benefit issued by the Charity Commission.
Financial review
Income for the year was £235,529 (2020: £314,262) and expenditure was £293,408 (2020: £254,555) to give a net deficit of £57,879 (2020:surplus of £59,708). The unrestricted cash balance at 31 December 2021 is £200,573 (2020: £194,471). This is a solid basis to continue the growth of the Church in the local community. The Directors are very grateful for the generous support of the Church members.
Reserves policy
The Trustees have established a policy whereby free reserves held by the charity should be maintained at between 3 and 6 months of normal monthly church expenditure. The Trustees are happy with the level of free cash reserves of £200,573 at 31 December 2021. The charity is holding excess reserves as it is considering potentially purchasing property at some point in the future. The Trustees also intend to use some of the surplus reserves on training for new pastors at Grace Church.
Risk statement
The Trustees 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.
Page 4
GRACE CHURCH, CAMBRIDGE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2021
Responsibilities of trustees under charity law
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
M Borg
M Borg
Date: 2 October 2022
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE CHURCH, CAMBRIDGE
('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2021 on pages 7 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Incorporated Organisation 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 Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the 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 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 Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Archie McDowall
Archie McDowall BA CA Institute of Chartered Accountants of Scotland
3 October 2022
Stewardship 1 Lamb's Passage London, EC1Y 8AB
Page 6
GRACE CHURCH, CAMBRIDGE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
| Note INCOME AND ENDOWMENTS FROM Donations and legacies 3 Investments Charitable activities Other Total income and endowments EXPENDITURE ON Charitable activities 4 Total expenditure Net income/(expenditure) Transfers between funds 9 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 9 |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2021 2020 £ £ £ £ 199,329 30,539 229,868 312,620 110 - 110 198 4,769 - 4,769 270 781 - 781 1,175 |
|---|---|
| 204,990 30,539 235,529 314,262 206,203 87,204 293,408 254,555 |
|
| 206,203 87,204 293,408 254,555 |
|
| (1,214) (56,665) (57,879) 59,708 (4,944) 4,944 - - |
|
| (6,157) (51,722) (57,879) 59,708 |
|
| 188,880 86,193 275,073 215,365 |
|
| 182,722 34,472 217,194 275,073 |
Movements on reserves and all recognised gains and losses are shown above.
The notes on page 9 to 14 form part of these accounts.
Page 7
GRACE CHURCH, CAMBRIDGE
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2021
| Note FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank 7 CURRENT LIABILITIES Liabilities falling due within one year 8 Net current assets NET ASSETS FUND BALANCES Unrestricted funds General funds 9 Designated funds 9 Restricted funds 9 |
Unrestricted Restricted Total funds Total funds Funds Funds 2021 2020 £ £ £ £ 785 - 785 1,783 |
|---|---|
| 785 - 785 1,783 200,573 34,472 235,045 280,664 |
|
| 200,573 34,472 235,045 280,664 |
|
| 18,636 - 18,636 7,375 |
|
| 181,938 34,472 216,409 273,289 |
|
| 182,722 34,472 217,194 275,073 |
|
| 159,651 - 159,651 164,913 23,072 - 23,072 23,967 - 34,472 34,472 86,193 |
|
| 182,722 34,472 217,194 275,073 |
The financial statements were approved by the Board of Trustees on 2 October 2022 and were signed on its behalf by:
M Borg
M Borg
Charity number: 1150034
The notes on page 9 to 14 form part of these accounts.
Page 8
GRACE CHURCH, CAMBRIDGE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1 Statutory information
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity 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") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
- a) Going concern
The trustees 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:
-
i) Recoverable gift aid. This 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.
-
ii) The charity relies on volunteers to carry out many of its activities, particularly Christians Against Poverty work and Manor Care Home ministry. 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.
-
iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
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 retreats and other events and courses.
Investment income represents income generated by the charity's assets and includes 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.
The cost of raising funds is not significant and has not been separately disclosed.
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.
Page 9
GRACE CHURCH, CAMBRIDGE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
e) Tangible fixed assets
Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £500 when they are written off on purchase.
Depreciation periods are as follows:
Freehold land Not depreciated Freehold buildings 50 years Equipment Between 3 and 7 years Computer equipment 3 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
f) 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 charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
h) 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.
| 3 Donations and legacies Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ Donations 199,329 30,539 229,868 307,308 Grants - 0 0 5,312 199,329 30,539 229,868 312,620 4 Charitable activities Unrestricted Restricted Total Total Funds Funds 2021 2020 a Direct Charitable Costs £ £ £ £ Salaries, travel and expenses Note 5 128,666 18,510 147,177 157,039 Venue Hire and other hire costs 17,730 - 17,730 8,830 Church activity costs 11,226 7,344 18,570 15,915 Training 1,635 5,444 7,079 10,090 Depreciation 999 - 999 1,278 Grants payable Note 4c 40,379 55,906 96,285 51,356 200,636 87,204 287,840 244,509 b Support & Administration £ £ £ £ Independent Examination fee 2,100 - 2,100 1,890 Insurance 638 - 638 688 Professional services and support costs 2,829 - 2,829 7,468 5,567 - 5,567 10,046 Combined charitable activity cost 206,203 87,204 293,408 254,555 c Grants Institutions Individuals 2021 2020 £ £ £ £ Missionary support 26,704 10,010 36,714 27,157 Church planting 55,906 - 55,906 20,000 Relief of poverty - 3,665 3,665 4,199 82,610 13,675 96,285 51,356 The charity's principal grants to institutions comprised: Pioneers 7,500 7,500 OMF 5,500 6,500 FIEC 2,504 2,042 Acts 29 3,000 1,800 SIM International 6,200 1,315 Emmanuel Northstowe 55,906 20,000 UCCF 2,000 3,000 Beirut disaster appeal - 2,219 Other institutions - 180 82,610 44,556 In addition to the fees payable for the preparation and examination of the accounts, the charity paid £1,002 (2020: £1,074) to Stewardship for payroll bureau and consultancy services. |
Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ 199,329 30,539 229,868 307,308 - 0 0 5,312 |
Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ 199,329 30,539 229,868 307,308 - 0 0 5,312 |
|---|---|---|
| 199,329 30,539 229,868 312,620 |
||
| Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ 128,666 18,510 147,177 157,039 17,730 - 17,730 8,830 11,226 7,344 18,570 15,915 1,635 5,444 7,079 10,090 999 - 999 1,278 40,379 55,906 96,285 51,356 |
||
| 200,636 87,204 287,840 244,509 |
||
| £ £ £ £ 2,100 - 2,100 1,890 638 - 638 688 2,829 - 2,829 7,468 |
||
| 5,567 - 5,567 10,046 |
||
| 206,203 87,204 293,408 254,555 |
||
| 82,610 13,675 |
96,285 51,356 |
|
| 7,500 7,500 5,500 6,500 2,504 2,042 3,000 1,800 6,200 1,315 55,906 20,000 2,000 3,000 - 2,219 - 180 |
||
| 82,610 44,556 |
Page 10
GRACE CHURCH, CAMBRIDGE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
5 Analysis of staff costs
| ysis of staff costs Salaries National insurance Pension costs Staff expenses (including accommodation rental costs) Total staff costs |
2021 2020 £ £ 114,041 118,454 5,756 5,723 8,499 8,572 18,881 24,290 |
| 147,177 157,039 |
The average monthly number of employees during the year was 5 (2020: 5.58). 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.
The charity's key management comprise the following trustees named on the Company Information page. Total employment benefits payable to key management for the year were as follows:
| Salaries | Other | Employer pension | 2021 | |
|---|---|---|---|---|
| employment | contributions | Totals | ||
| benefits | ||||
| Trustees: | £ | £ | £ | £ |
| Graham Beynon | 31,685 | - | 2,340 | 34,025 |
| Robert Dobson | 31,392 | - | 2,515 | 33,907 |
| Stewart Garry | 19,392 | - | 395 | 19,787 |
| 87,719 |
The following amounts were payable in the previous year:
| Salaries | Other | Employer pension | 2020 | |
|---|---|---|---|---|
| employment | contributions | Totals | ||
| benefits | ||||
| Trustees: | £ | £ | £ | £ |
| Graham Beynon | 30,924 | - | 2,283 | 33,207 |
| Robert Dobson | 30,626 | - | 2,448 | 33,074 |
| Joshua Monteiro (for six months) | 12,343 | - | 1,512 | 13,855 |
| Stewart Garry | 18,327 | - | 363 | 18,690 |
| 98,826 |
In addition the charity incurred expenditure in respect of the customary provision of accommodation to Joshua Monteiro amounting to £nil (2020: £8,800) and to Stewart Garry amounting to £12,000 (2020: £12,000), both of whom have been trustees, so that they could better perform their duties.
All the trustees listed above served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.
Page 11
GRACE CHURCH, CAMBRIDGE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
| 6 Tangible fixed assets Cost At 1 January 2021 Additions Disposals At 31 December 2021 Accumulated depreciation At 1 January 2021 Charge for the year Eliminated on disposals At 31 December 2021 Net book value At 31 December 2021 At 1 January 2021 7 Cash at bank Bank operating account Bank deposit account 8 Creditors: liabilities falling due within one year Grant obligations Hall hire payable Pension contributions payable Accruals |
Equipment Total and fittings 2021 £ £ 5,483 5,483 - - - - |
|---|---|
| 5,483 5,483 |
|
| 3,700 3,700 999 999 - - |
|
| 4,699 4,699 |
|
| 785 785 |
|
| 1,783 1,783 |
|
| 2021 2020 £ £ 184,083 229,813 50,962 50,851 |
|
| 235,045 280,664 |
|
| 2021 2020 £ £ - 5,275 15,371 - 1,165 - 2,100 2,100 |
|
| 18,636 7,375 |
Page 12
GRACE CHURCH, CAMBRIDGE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
9 Funds
During the year the movements in the charity's funds were as follows:
| Opening | Incoming | Outgoing | Transfers | Closing | |
|---|---|---|---|---|---|
| balance | resources | resources | balance | ||
| £ | £ | £ | £ | £ | |
| Designated Funds | |||||
| Hardship fund | 11,007 | 2,770 | (3,665) | - | 10,112 |
| Training fund | 12,960 | - | - | - | 12,960 |
| 23,967 | 2,770 | (3,665) | - | 23,072 | |
| General Unrestricted Funds | 164,913 | 202,220 | (202,538) | (4,944) | 159,651 |
| Total Unrestricted Funds | 188,880 | 204,990 | (206,203) | (4,944) | 182,722 |
| Restricted Funds | |||||
| Christians Against Poverty | - | 2,400 | (7,344) | 4,944 | - |
| Training Fund | 29,652 | 21,624 | (23,955) | - | 27,321 |
| NCA School maintenance fund | 800 | - | - | - | 800 |
| Northstowe Plant | 55,741 | 6,515 | (55,906) | - | 6,350 |
| Total Restricted Funds | 86,193 | 30,539 | (87,204) | 4,944 | 34,472 |
| The assets and liabilities represented by the various funds are as follows at 31 December | 2021: | ||||
| Fixed | Bank & cash | Other net | Total | ||
| assets | balances | assets | |||
| £ | £ | £ | £ | ||
| Restricted funds | - | 34,472 | - | 34,472 | |
| Unrestricted funds | 785 | 200,573 | (18,636) | 182,722 | |
| 785 | 235,045 | (18,636) | 217,194 |
The restricted Training fund comprises donations given towards the training of new pastors.
The restricted Northswowe Plant fund comprises donations given towards the establishment of a new church in Northstowe.
In the previous year the movements in the charity's funds were as follows:
| Opening | Incoming | Outgoing | Transfers | Closing | |
|---|---|---|---|---|---|
| balance | resources | resources | balance | ||
| £ | £ | £ | £ | £ | |
| Designated Funds | |||||
| Hardship fund | - | 12,807 | (1,800) | - | 11,007 |
| Training fund | 12,960 | - | - | - | 12,960 |
| 12,960 | 12,807 | (1,800) | - | 23,967 | |
| General Unrestricted Funds | 127,921 | 212,039 | (171,059) | (3,989) | 164,913 |
| Total Unrestricted Funds | 140,881 | 224,846 | (172,859) | (3,989) | 188,880 |
| Restricted Funds | |||||
| Christians Against Poverty | - | 1,750 | (5,739) | 3,989 | - |
| Job Education Fund | 284 | - - |
284 |
- | - |
| Training Fund | 26,918 | 30,105 | (27,371) | - | 29,652 |
| NCA School maintenance fund | - | 800 | 0 | - | 800 |
| Trainee Church Planter Fund | - | 4,512 | (4,512) | - | - |
| Northstowe Plant | 47,282 | 52,249 | (43,789) | - | 55,741 |
| 74,484 | 89,416 | (81,696) | 3,989 | 86,193 | |
| The assets and liabilities represented by the various funds were as follows | at 31 December | 2020: | |||
| Fixed | Bank & cash | Other net | Total | ||
| assets | balances | assets | |||
| £ | £ | £ | £ | ||
| Restricted funds | - | 86,193 | - | 86,193 | |
| Unrestricted funds | 1,783 | 194,471 | (7,375) | 188,879 | |
| 1,783 | 280,664 | (7,375) | 275,072 |
Page 13
GRACE CHURCH, CAMBRIDGE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
-
10 Transactions with related parties During the year the charity:
-
a) received donations totalling £59,124 (2020: £81,069) funded by related parties (which includes trustees and anyone closely connected).
-
b) paid expenses of £nil (2020: £nil) to, or for, the trustees.
Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.
11 Members
Each member of the company commits to contribute if the charity is wound up an amount of £10.
Page 14
GRACE CHURCH, CAMBRIDGE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE YEAR ENDED 31 DECEMBER 2021
| Note INCOME AND ENDOWMENTS FROM Donations and legacies 3 Investments Charitable activities Other Total income and endowments EXPENDITURE ON Charitable activities 4 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 9 |
Total Total Funds Funds 2021 2020 2021 2020 2021 2020 2021 2020 £ £ £ £ £ £ £ £ 196,559 210,457 2,770 12,807 30,539 89,356 229,868 312,620 110 198 - - - - 110 198 4,769 270 - - - - 4,769 270 781 1,115 - - - 60 781 1,175 Unrestricted Funds - General Unrestricted Funds - Designated Restricted Funds |
|---|---|
| 202,220 212,039 2,770 12,807 30,539 89,416 235,529 314,262 202,538 171,059 3,665 1,800 87,204 81,696 293,408 254,555 |
|
| 202,538 171,059 3,665 1,800 87,204 81,696 293,408 254,555 |
|
| (318) 40,980 (895) 11,007 (56,665) 7,720 (57,879) 59,708 (4,944) (3,989) - - 4,944 3,989 - - |
|
| (5,262) 36,991 (895) 11,007 (51,722) 11,709 (57,879) 59,708 |
|
| 164,913 127,921 23,967 12,960 86,193 74,484 275,073 215,365 |
|
| 159,651 164,913 23,072 23,967 34,472 86,193 217,194 275,073 |
Page 15