Charity No. . 1152176 Church Lane Evangelical Church (Charitable Incorported Organisation) Financial Statements For the year ended 31st December 2020 Church Lane Evangelical Church Index to the Financial Statemellts for ihe Year Ended 31st December 2020 Pa Report of the TTUStee5 Rew)rt of thc Inde]KndeDt Examiner Statement of Financial Activtties Balance Sheet Notes to the Financial Statements 7-15 Chureh Lane Ev*Dgelical Churth Report of the Trustees for the ye*r ended JI Deetmber 21120 REFERENCE AND ADMINISTRATIVE DETAILS The church's charitabl¢ statu5 is that of a Charitable IncoTpor*ed Organisation {CIO) No. 1152176. The Trustees present their r¢p)rt with the fllwicial statements of the charity lor the ended 31 December 2019. The financial statem¢nts comply with th¢ Charities Ari 2011, the chariiys goveming documenL and Accounting and Reporting by Charities- stat￿￿ent of Recommended Prartice applicabl¢ to chariiiL% prq)aring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102) (effective l January 20101. Charity Addre55: Church Lane Stafford Stsfford9h￿e ST16 2AW Bankers: Lloyds Bank 5 Market Square Stafford ST162JL Stafford Railway Building Society 4 Market Square Stsfford ST162JH Solieitor5: Hand Morgan Owe 17 Martin Street Stafford ST16 2LF Trustees: A Medway A Cook S Kapfunde Chair Elders (ManagiDg Truste¢s) who served d￿ring tbe year: A Cook Chair A Mtdway Church se￿lary S Harriso Pastor S Kapfvnde J Morris A Summers J Wickens The prop¢rty in Church Lane is held by the CIO. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing dOcU￿t￿t The charitablc status of th¢ Church is that of a Charitsble Inc4)rtM)rated Organisation (CIO). This is governed in accordance with its constitution dated 24 May 2013 using the foundation model. The trustees of the CIO hve delegated the day to day rwming of the or￿lisation to the Elders, who meet on a monthly basis. The currcnt Elders include some of ihe tn]stees. Risk M#Tragement The Tru5te¢s have a duty to identify and review th¢ risk5 10 which the charity is ex￿ and io ensure appropriate controls are in place to provide &%surdn¢e against fraud and error. L•ne Ev*ttgelic*l Chureh Report of the Trn5tees (eontinued) for th¢ yur ended JI December 2020 OWECTIVES AND AcfiviTIES The objects of the church, in accordance wKth Biblical principle5 and practice. and as the Trusiees see fil. are to advance evangelical Christianity in a manner consistent with the Christian Scriptures. These objects may be pursyed an)wher¢ in the United Kingdom or the wodd at th¢ discretion of the Trullees. These objects are achieved by providing religious athvities a]]d by helping to relieve poveny and need. While these activities are for everyone, the thurch Iwks to supwkrt the most vulnerablt in our ¢OTnmuniiy and foouses some activitie5 on chÉldren and young people. and on older people. The Church also l(x)ks to support other Christian organisations which make 5p¢cific contributions in advancing evan8eli¢al Chrisuanity. 'rhe church pmvide5 Se￿*¢¢$ of opetj public wtsr5hip and s¢¢ks ￿ tjse its buildings in ways which benefit the community at large. The trust¢es consider thai they have complied with their duty io have due regard to the guidance on public b¢n¢fit published by the Charity Commission in exercising their powers or duiies. ACHIEVEMEYfs AND PERFORMANCE 2020 has been a ye#T like no other- for everyone. Church life Continued, at the start of the year, in mu¢h ihe same way as before. In Januar>. we celebrat¢d two baptisms. For th¢ ycar ahead in 2020 we were planning io revisit all church a¢iivtties and liaise with leaders and members to work ollt plans for Ihe year. We were also planning a major iefurt)i5hment project for a large part of the building. In March. the Church N¢wsle(ier was refreshed to give a monthly ¢oli)ur sheet and week]y updwes. The church started the year eTnploying a full-time pas￿r. 2 part-time adtninistrators and a part-time cleaneT. Our cl¢anrr did not continue onc¢ we closed the building in March due lo lockdown and, Au8u$4 Alan Harrison retired fro]n his administrator role. From thc end of March 2020. the closure of the building led u5 to use Z£w)m a ¢loud-based video conferenciJ]g servi¢e io haye an onlirte Sunday Jnorning service. li did not tske long to estsblish 63 regular connections to that servi¢e and as this in¢luded a number of families. w¢ number aly)ut 120 adults and children each Sunday morning. The church websit, wwi¥.church-lane.org.uk, was ehanged to explain the Closu￿ of actjvlty and to put p¢ople in cont#ct with the church. Our Privacy Notice and Safeg￿arding Policy are published on the website. Re¢ordings of ¢hurch seTYice talk5 were uploaded on to a church YouTube ¢hannel, linked from th¢ w¢bpag¢. We n¢edtd thetj tts consider what other activity could ¢oThtinlle on ZIMIM. With no-one being able to atteiid anyihing in person. bui with an important need to keep people connected and not isolated. two Open Chat 5¢ssions. 2nd weekly atjd monthly prayer and worship meetL#8S wer¢ set up. A Resonate young peoplc'5 session was then put ID pla¢e for Friday evenings. Throughout the peri￿ of I{￿kdown. we hav¢ provided pastoral supwrt through keeping in contact and PTt>viding m¢als for individuals shielding. The pastor regularly kept in contact with th¢ m05t vttlnerable. In August we re¢eiY¢d Listed Ruilding con5eni to pr(*eed with tefvrbishment works in th¢ hall and surroundin¥ rooms. Ellie were apw)inted a5 ihe eontra¢tor. Works got underwty, but after a couplc of months, the contraciors rew>rted th&t the scope of work would have to Change. as they had discovered the hall fl(M)r was rotten. A tretnendous reswnse from the church membership raised SU￿[¢1en1 funds to allow u5 to continu¢ with this phase of the worL LiJ¢luding Tcplacing the floor. Church Lane Provided a prtswrtion of its funds fiorn weekl) Collections for Chrisiian Organi￿lonS and Individu￿ missionary workers- ineluding Tear Fund, Arab World Ministrie% Merey Ships and Th¢ Biblc SocieTy. The Chur¢h also support5 inter-¢hurch Initi￿1veS in the town- ￿ve Stafford, YouthNeL House of Bread and Stafford Street Pastor5. The Trustees are very grateful foi ihe work of the other Eldets and th¢ church members. who all seryc atld give of their time rjnd rcsources to sUp￿rt on¢ aThuihei and be a Chrksiian wiw in their wtnmunities. Church Lane Evangelical Church Report of the Trustees (continued) for the year ended 31 Derember 2020 The Trustees are Alan Medway (Chair), Andrew COOL and Shingi Kapfunde. FINANCIAL REVIEW The general fund Incorne and expenditure have been evenly matched over the course of this year. Lower running eosts associated with the building being empty for Covid reasons has reduced some nornia] expenditure, however the cost of providing online services and activities on 7oom has increased other expenditure. It is the chu￿h'S policy to tithe our g¢neral fund income ai the end of the yfdr toward% missionary proje¢ts chosen prayed about durin8 ihe year. A total of £6,100 was sent. The church's policy on holding financial Teserves is to enable a sound financial base for future yeaTS. As a]1 the income is voluntary, there is no certainty of income levels from year to year. Included within the Current reserves are designated funds for both a salary reserve of £8,500 (in order io ensure sa]aries could be paid for at least 3 months), and a strategic reserve of £15.000. These amounts are reviewed from time to time. The building refurbishment project was split inlo 3 phases to enable us to commit to work that was fjnanically achieveable. The firsi phase was the hall and toilet rcfurbtshment and that was anticipated to cost in the region of £92K. Whilst we haye had existing reserves for Phase I, donations were ¢ncout3ged to enable us to mov¢ onto Ph3S¢ 2 (kitchen refurbishment) and Phase 3 (Improvement of access) when funds allowed. As worked progressed in th¢ hall it was found to be ne¢essary to replace the floor. Donations a]ready reeeived to date enabled us to be able to do this. but meant that Phase 2 & 3 would be put on hold until such tiT¥te as funds allowed. An applicalion to the Listed Places of Worship Grant Scheme has enabled us to rxoyer VAT paid on most ofthe refijrbishment work to dale, and a further application will be made in due wurse as the project prOB￿sses. It is the chuwh's policy to invest the fi￿dS in a bank account up to ihe Fiwdncial Services CoTnpensation Scheme ¢L￿rent limit of £85,000 in any one institution. Due to our building refi￿lshment projecl we closed OUT account with the Stafford Railway Building SIKiety in November and transferred the funds into our Lloyds d¢posit account in readiness for further bills. At the year end the balances in our Lloyds accounts were above the £85.000 compensation limit at £101.465. however our c&5hflow projection was that we would fatl below this limil within 6 weeks of our year end, and the ease of which we had ae¢ess to our fi]nds made the risk acceptsble. Slgned on behaifof the Trnstees A Medway- Chair Date 30103121 Independent Examiner's Report to the Member5 of Church Lane Evangelieal Chur¢h I report on the accounts of the church for the year endeAI 31 December 2020. which are set out on pages 5 to 15. R¢spective responsibilities of trnstee5 ¢xaminer The church's trustees, art rtsponsible for the prepar*1￿ of the accounts. The Church's mistees consider that an audit is not required for thi5 year (under s144121 olthe Chartiies Act 2011 lthe 2011 Acil amd that an independent examtnation is Theed¢d. It Is my responsibility to: examine the accounts und¢r $145 of the 2011 ACL ' io follow the procedures laid dow) in the Genuai Directions given by the Charity Commission (under s14515llbl of tbc 2011 Aal. and to state whether partieulaT matters have COEne to my aitention. Basis of independent exalmiryer's report My examination was csThied oui in aceordan¢e with the Gencra] Direciion5 given by the Charity Co]nrnission. An examination includes a review Of the accout)ting records kept by the charity and a comparison of 1he accounts prescntcd wilh those r¢¢ords. It also tncludes c4)nsiderabon of any unusual items or disclosures in the ac¢ounts. and 5tcking cxplanations from you as Trusiee5 concerning any such marters. The procedures undertaken do not provid¢ all the evidence that would b¢ required in an audit, and consequently no opinion is given as io wheth¢r the &￿Unts present a 'tru¢ and faiv view and the report 15 lirni*d io those matters set out in the statement below. Independent examiner'5 Statemejtt In coott¢¢tion with my examination, n(Tr mattu ha5 come to my attcrrtiOD.' 111 which gives me reasonable tau5e to believe ID any mateTial rtspect the requirements to keep a¢¢ountin8 records in accordan¢e with s130 of the 2011 A¢L and to prepare acwunts which accord ￿th the acctsuntin8 records and to comply with the &c￿UntIng iequÉrements of the 2011 A hav¢ not been meL or 121 to whi¢h. in my opifjion, attention should be drawn in order to enable a pn)per understanding of the accounts to be reached. Mr T Heniott ACA BA Tim Herriott Ent￿prIseS 15 Briarsl¢igh Stafford Stafforshire ST17 4QP Date.. Chureb Lane Evangelical Cburc Statement of FiDaDcial Aetivities for the Year Ended 31st Detember 2020 Ullrestricted Funds Re5trbe¢ed Funds Totsl 2020 Total 2019 Note Income from: Donations and legacie5 Chariiable activities Investmeths 61,(M)7 2.194 204 44,245 105,252 2,194 204 58,439 8,292 210 Totsl Incon)¢ 63,405 44245 107,650 66.941 Expenditure on: Charitable Activities Other 61.767 1,034 68,946 130,713 1,034 71.393 920 Total Expelldiknre 62,802 68.946 131,748 72,313 Net Incoming Resourc 603 (24.701) (24,098} (5,371) Fund Balances broughi fonvard at 1st January 2020 1.108.621 5.103 1.113,724 1,119,095 Transfers between Funds (19.598) 19.598 Fund B#lances carried forsvard #t 31st December 2020 1.089,626 ,D89,626 1,113,724 Church Lane Evaugelical Church Balanee Sheet as 4t 31st December 2020 2020 2019 Noie Fixed Assets Tangible Fixed Assets 995.992 996.409 Currenl Assets Debtors Cash at b￿k and in hand 16,264 101,498 117.762 2,945 125,034 127,980 Credi¢ors Due WithRn Oue Year 24,128 10.665 Nel Current Assets 93.634 117,315 1,113,724 io 1,089,626 Ac¢umulgted Funds Unrestricted Funds Restricted Funds Balan¢e at 31st December 21120 1.089.626 1.108,621 5,103 1,113,724 1.089,626 Thc financial statements were approved by the Trust¢¢s on 30103121 and were Si￿ned on its behalf by A Medway - Chair Cbur¢h Lane Evangelical Church Notes to tbe Financial Sfaiements for the Year Ended 3131 December 2020 l. Accounting Policies Basis of accountill The financial statejnents have been prepared in accordance with AccountAng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in a¢¢ordaiice wilh the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS 102) (effeclAv¢ l January 2016)- (Charities SORP (FRS 102)), Financial RerM)rting Stalldard 102 (FRS 102) and the Charitics Act 2011. The charity meets the dcfinition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hislorical cost or transaction value unless othenvise stated in the relevant accounting policy note(s). The financial statements have been prepared on a going concern basis. The Trustees are of the opinion that Church is able to meet its liabilities as they f811 due and thai the going concern basis is appropriate. The &c¢ounts hav¢ been prepared under the historical eost conventÈon as modified to include the fr¢ehold Grade 11 list¢d and adjacent buildings at a valuation. Chan e in basis There have been no changes to the accounting rM)li¢ies during the year. Pro The property in Church tAne is held by the CIO. reeiatlon Depreciation has bcen charged on a straight line basis as follows: Fumiture & Fixtures I￿/0 CompLLt¢r & PA Equipment - 25Yo Depre¢iation has not bccn chargcd on freehold property as any dep￿CiatIon is Considered immaterial. Expenditure under £5,000 is not normally capitalis￿. Cbureh Lane Evangeli￿] Cburcb ote5 to the Fillxncial Stsiements leontinued) for the Year Ended 3151 December 2020 Fund Aceollntin Funds held by the Church are either= Unrestricted Fund$- funds which can be used in accordance with the Church's objects at the discretion of the Elders. funds sd aside out of generdl funds for specific purposes. funds that can only be used for particular purposes within the objects ot'the chU￿h. Restriclions arise when specified by the donor or ￿'hen funds are raised for particular purposes. Dessgnated Funds- Restricted Funds- Income All income is recognised once the church has entidcment to the income, it is probable that the income will be received and the amouni of income receivable can be measured reliably. enditure Expenditure is recognised once there 15 a legal or constructive obligation to make a pa>ment to a third party. it is probable that settlemeni will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity he&dings- EX￿ndItUre on charitable activities in¢ludes the ¢osts of ministry, trainin& church activities. mission, administralion, and property. Othcr expendilure represents those items not cl&ssifed as ￿lating to charatable activities. Inter-cburch Grou Consolidatio Where one church group donates to another, the income and expenditure is eliminated from each balance nd is classed as a Irdnsfer to the other. (See notes 8 and 9). Taxation The chur¢h is exempt from lax on its chaTitable activities. Pensioll ¢osts The church operates a defined Contrib￿lon pension scheme. Since Octokr 2016 we have had to also comply with ihe Auto Enrolment regulations sel out by The Pensions Regulator. Contribution8 paid are Charged to the Statement of Financial Activities in the period to which they relate. Church IAlle Evangeli¢al Chureh Notes to the Fingn¢iY41 Statements (eontinued) ror ihe Year Ended 31st De£ember 2020 Unre5trieted Fulld5 Restricted Funds Totsl 2020 Total 2019 lllcome from: Dollations and I acies Gift Aided Collections - Non-Gift Aided Collections Donations - Gift Aid Tax refunds - Christmas Card Income l.egacies 39,583 8.899 39,583 8,899 36,720 19,050 34,431 10,862 2,450 10,605 91 36,720 7,525 1.525 1.000 61,007 1,000 105252 44.245 58,439 Charitable *ctivities Donations for use of hall Soul Survivor - Dayjmorning for Retired - Youth Work - Acorns Miscellaneous 230 240 413 21 801 489 2,194 230 240 413 21 801 489 2,194 611 2,146 2.487 114 2,905 30 8,292 Investments - Gross Interest Re￿iVed 204 204 210 Totsl Income 63,405 44245 107,650 66,941 Church L4ne Evangelieal Chureh Notes to the Finaneial Statements (continued) for the Year Ended 31st December 2020 UDrestri¢ted Funds Restricted Funds Total 2020 Total 2019 Expenditure on: Charitable Activities Ministy - Gross Salary - National Insuran¢¢ Pension Ministerial Allowances Trav¢l Telephone Other MinistrylTraining Visiting Sp¢akers - Trdining & Resources - Going for God & Creche - Resonat¢ & Rocknitc Soul Survivor Church Activities - Communion Expenses - Day/Morning for Retired - Youth Work - Acorns Administration - Gross Salary - Photocopying & Printing - Postage Office Requisltes Telephonc Mission MissionarieslSoci¢ties - Christmas Card 32,480 110 788 134 32.480 110 788 134 90 263 22.756 544 5,437 252 233 263 135 878 135 878 650 184 124 459 4278 462 801 462 801 45 363 45 363 235 2,262 113 2276 607 607 7,103 265 51 7.103 265 7.779 170 291 316 291 316 224 347 6,100 6,100 6,508 91 54,921 51,288 51,288 10 Chur¢h Lane Evangelical Church Notes to the Fingncial Statements (contiuued) for the Year Ended 31st De¢ember 2020 Ullreytricted Funds Restricted Funds Total 2020 ToLg1 2019 Charitable Artivitiey Continued broiight fonvard Property - Light & Heat Insuranc¢ - Building Maintenance - Equipment Maintenance - Repairs & Renewals - Cleaning & Other Exp¢nses - Minor Fixtures & Equipment Depreciation Sundries - R¢frcshments & Catering Copyright Licence Computer Expenses Subscriptions Sundries Total Charitable Adivities 51.288 51.288 54,921 2.856 1.850 2,856 1,850 68,946 78 4,263 1,793 68.946 78 461 780 199 417 816 372 3.640 1,773 424 780 417 233 461 2.352 272 521 61,767 233 461 2.352 272 521 130,713 917 990 577 540 367 71,393 68,946 Other - Bank Charges Legal & Prof¢ssional F¢¢$ - Independent Examination Total Other 174 240 620 1,034 174 240 620 1,034 310 610 920 Total Eipenditure 62,802 68,946 131.748 72J13 Church Lane Evangelic81 Churcb Notes to the Finaneial Statements (fontinued) for ihe Year Ended 31st December 2020 4. Tangible Fixed Assets Computer &PA Equipment Freehold Property Furniture & Fixtures Total Cosl or VAlu2tion At I st January 2020 Additions Ai 3 1st December 2020 995.992 19.335 10.471 1.025,798 995,992 19,335 10.471 1.025,798 Depreciatlon At 1st January 2020 Charge for the year At 3 1st December 2020 18.918 417 19.335 10,471 29,389 417 29.806 10,471 Net Book V¥lue Ai 31st December 2020 At 31 st Ikcember 2019 995,992 995.992 995,992 996,409 417 5. Debtors 2020 2019 Accrued In¢ome- Gift Aid Tax Other Debtor5 Prepayjnents 6.443 9.277 544 16264 2,417 528 2,945 12 Church iADe Evangelical Church otes to the FinaDcial Statements (continued) for the Year Ended 31st December 2020 6. Cash at bank and in haDd 2020 2019 Lloyds Bank PIC Current Account Lloyds Bank PIC tkposit A¢¢ount Stafford Railway Building Society Day/Morning For Retir￿ Account Acorns Account Youth Club Float Cash Floats 3,360 94.246 9,917 44.576 66.908 1.710 1.905 1.760 2,100 18 101,498 18 125,034 7. Creditors Due Witbin One YeAr 2020 2019 Creditorb for Goods and Services Other Creditors Social Security & Othcr Taxes A¢cruals and tklerred Income 20.602 529 1,701 1,295 24,128 788 445 2.046 7,386 10,665 13 Church LA•t ETraDgtl**l Chur¢lL oles io the TriD*nti*l Stst¢Me￿ts Irontinued} for tILt I'e*r Ended 31st DEar} J4 Chureh Lane Ev¥4llgelical Churcb Notes ¢0 the Finalleial Sthtements (contillued) for the Year F.nded 31st Deeember 2020 10. Allatysis of Net knets Betsveen Funds Unrestrieted Funds Restricted Funds Y/e 31112/20 Total Fund$ Tangible Fixed Assets Curr¢nt Assets Creditors due within one year Total Net Assets 995.992 117,762 (24,128) 1,089,026 995,992 117,762 (24,128) 1,089,626 Unrestricted Fund5 Restrlcted Fullds Yle 31112119 Totsl Funds Tangible Fixed Asset5 Curyent Assets Creditors due within one year Total Net Assets 996.409 122,877 (10,665) 1,108,621 996,409 127,980 {10,665) 1,113,724 5,103 5,103 I l. Emoluments of Employee5 2020 2019 Salary & Wages Social S¢¢urity costs Pension Costs 40,222 110 788 33.054 544 33,598 41,120 The averagc monthly number of employees during the year were a5 follows:_ 2020 2019 Pastor Administration Cleaner Thcre were no ¢mployees whose emoluments exceeded £60,000 either this y¢ar or last year. 12. Trustee5 and other Related Partie There were no expenses claimed related to being a trustee. 15