REGISTERED COMPANY NUMBER: 08126711 (England and Wales) REGISTERED CHARITY NUMBER: 1152492
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
FOR
GLORY FIRE CHURCH
Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
GLORY FIRE CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
GLORY FIRE CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
TRUSTEES
REGISTERED OFFICE
Mr S Liston Mrs M M F Liston Mr O A G Bello Mr J M Thelwell (resigned 4.3.21) Mrs G L Thelwell (resigned 4.3.21) 200 Drake Street Rochdale Lancashire OL16 1PJ
REGISTERED COMPANY NUMBER 08126711 (England and Wales) REGISTERED CHARITY NUMBER 1152492 INDEPENDENT EXAMINER Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
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GLORY FIRE CHURCH (REGISTERED NUMBER: 08126711)
REPORT OF THE TRUSTEES FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 31 December 2019 to 29 December 2020. 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
The charity's principle objective as set out in its Memorandum and Articles of Association is the advancement of the Christian religion in the UK and abroad by the mounting of public worship, prayer, preaching and bible study.
Significant activities
The charity has engaged in the promotion of the Christian faith. It has provided social care, capacity building through small groups and mentoring. It has conducted Christian outreach to the community of Leeds.
Five donations, totalling £7,133 have been made during the year.
Going concern
The trustees continually monitor expenses against income to ensure that the charity is financially viable
Public benefit
In planning their objectives and activities for the year the trustees have considered the Charity Commission guidance on public benefit. The church relies on grants and donations to cover its operating costs.
Governing document
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association. Each member's liability is limited to £1 per guarantor. The membership comprises all the current trustees.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The trustees are appointed according to the Articles of Association.
Organisational structure
The charity operations are conducted by the trustees. The daily operation of the charity is carried out by the trustees.
Investment
The trustees have considered the most appropriate policy for investing funds and consider that a bank current account serves the needs of the charity for the time being.
Approved by order of the board of trustees on 4 November 2021 and signed on its behalf by:
Mr S Liston - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLORY FIRE CHURCH
Independent examiner's report to the trustees of Glory Fire Church ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 31 December 2019 to 29 December 2020.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Patricia Richards FCA, DChA Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
4 November 2021
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GLORY FIRE CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
| Period | |||
|---|---|---|---|
| 31.12.19 | |||
| to | Year Ended | ||
| 29.12.20 | 30.12.19 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 62,318 | 61,202 | |
| Investment income | 2 | 3 | - |
| Total | 62,321 | 61,202 | |
| EXPENDITURE ON | |||
| Charitable activities | 3 | ||
| Charitable activities | 45,000 | 57,131 | |
| Support costs | 1,837 | 1,722 | |
| Total | 46,837 | 58,853 | |
| NET INCOME | 15,484 | 2,349 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 5,387 | 3,038 | |
| TOTAL FUNDS CARRIED FORWARD | 20,871 | 5,387 |
The notes form part of these financial statements
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GLORY FIRE CHURCH (REGISTERED NUMBER: 08126711)
BALANCE SHEET 29 DECEMBER 2020
| 2020 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 1,214 CURRENT ASSETS Debtors 10 13,680 Cash at bank 9,971 23,651 CREDITORS Amounts falling due within one year 11 (3,994) NET CURRENT ASSETS 19,657 TOTAL ASSETS LESS CURRENT LIABILITIES 20,871 NET ASSETS 20,871 FUNDS 12 Unrestricted funds 20,871 TOTAL FUNDS 20,871 |
2019 Total funds £ 607 1,200 6,296 7,496 (2,716) 4,780 5,387 5,387 5,387 5,387 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 December 2020.
The members have not required the company to obtain an audit of its financial statements for the period ended 29 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 4 November 2021 and were signed on its behalf by:
Mr S Liston - Trustee
The notes form part of these financial statements
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GLORY FIRE CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Loan interest CHARITABLE ACTIVITIES COSTS Charitable activities Support costs |
Period 31.12.19 to Year Ended 29.12.20 30.12.19 £ £ 3 - Support Direct costs (see Costs note 4) Totals £ £ £ 45,000 - 45,000 - 1,837 1,837 45,000 1,837 46,837 |
Period 31.12.19 to Year Ended 29.12.20 30.12.19 £ £ 3 - Support Direct costs (see Costs note 4) Totals £ £ £ 45,000 - 45,000 - 1,837 1,837 45,000 1,837 46,837 |
|---|---|---|
| 46,837 |
3. CHARITABLE ACTIVITIES COSTS
Page 6
continued...
GLORY FIRE CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
4. SUPPORT COSTS
| 4. | SUPPORT COSTS | ||
|---|---|---|---|
| Finance | |||
| £ | |||
| Support costs | 1,837 | ||
| 5. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| Period | |||
| 31.12.19 | |||
| to | Year Ended | ||
| 29.12.20 | 30.12.19 | ||
| £ | £ | ||
| Depreciation - owned assets | 736 | 467 | |
| 6. | TRUSTEES' REMUNERATION AND BENEFITS | ||
| Two of the trustees received remuneration during the year for services other than as a trustee. | |||
| Trustees' expenses | |||
| Travel expenses were reimbursed to one trustee during the year amounting to £977. | |||
| 7. | STAFF COSTS |
The average monthly number of employees during the period was as follows:
| Period | |||
|---|---|---|---|
| 31.12.19 | |||
| to | Year Ended | ||
| 29.12.20 | 30.12.19 | ||
| Administration | 2 | 2 | |
| No employees received emoluments in excess of £60,000. | |||
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 61,202 | ||
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 57,131 | ||
| Support costs | 1,722 | ||
| Total | 58,853 | ||
| NET INCOME | 2,349 | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 3,038 |
continued...
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GLORY FIRE CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| TOTAL FUNDS CARRIED FORWARD | 5,387 | |||
| 9. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 31 December 2019 | 3,902 | |||
| Additions | 1,343 | |||
| At 29 December 2020 | 5,245 | |||
| DEPRECIATION | ||||
| At 31 December 2019 | 3,295 | |||
| Charge for year | 736 | |||
| At 29 December 2020 | 4,031 | |||
| NET BOOK VALUE | ||||
| At 29 December 2020 | 1,214 | |||
| At 30 December 2019 | 607 | |||
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Other debtors | 3,862 | - | ||
| Prepayments | 9,818 | 1,200 | ||
| 13,680 | 1,200 | |||
| Included in debtors is an amount of £3,063 due after 12 months. | ||||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Accrued expenses | 3,994 | 2,716 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 31.12.19 | in funds | 29.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 5,387 | 15,484 | 20,871 | |
| TOTAL FUNDS | 5,387 | 15,484 | 20,871 |
continued...
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GLORY FIRE CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 31 DECEMBER 2019 TO 29 DECEMBER 2020
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 62,321 | (46,837) | 15,484 |
| TOTAL FUNDS | 62,321 | (46,837) | 15,484 |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 31.12.18 | in funds | 30.12.19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,038 | 2,349 | 5,387 |
| TOTAL FUNDS | 3,038 | 2,349 | 5,387 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 61,202 | (58,853) | 2,349 |
| TOTAL FUNDS | 61,202 | (58,853) | 2,349 |
13. RELATED PARTY DISCLOSURES
During the year two of the trustees received remuneration and were reimbursed travel for services other than as a trustee. A creche was also available for the children of two of the trustees again in connection with their services other than as a trustee. Included in other debtors is a loan to two of the trustees in respect of the purchase of a car which is being repaid over five years at an interest rate of 2.5%.
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