# **NORTH TEIGNMOUTH COMMUNITY CHURCH** ## **Trustees’ Report and Annual Accounts** For the period 1st October 2020 to 30th September 2021 North Teignmouth Community Church ## **Trustees’ Report and Accounts** For the period 1st October 2020 to 30[th] September 2021 |**Contents**|**Page**| |---|---| |Legal and Administrative Details|1| |Trustees’ Report|2| |Independent Examiner’s Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes and Accounting Policies|9| North Teignmouth Community Church ## **LEGAL AND ADMINISTRATIVE DETAILS** Year ended 30[th] September 2021 ## **STATUS** During the period covered by these accounts North Teignmouth Community Church continued to be a Charitable Incorporated Organisation (CIO) established and governed by its constitution dated 9[th] June 2013. It was registered with the Charity Commission on 2[nd] July 2013 under registration number 1152684 having previously been a charitable trust with the registration number 1117531. ## **MANAGING TRUSTEES AT 30[th ] SEPTEMBER 2021** _**Trustee**_ Mr A Cruickshank Member Trustee Mr R Hodgson Elder Trustee Mrs L Kelly Church Secretary Mr C Matthews Trustee Mrs J Matthews Church Treasurer The Elders are responsible for the spiritual and pastoral guidance of the church and the Managing Trustees, aided by the Compliance Team members, are responsible for its administrative, financial, and legal activities. The Member Trustee provides a direct link between the membership and the Eldership and Managing Trustees. ## **APPOINTMENT OF TRUSTEES** All Managing Trustees are appointed in accordance with the Church’s Constitution and the trustees meet at least twice a year in addition to calling the Annual General Meeting ## **PRINCIPAL ADDRESS** The Church Secretary Rivermoor View Exeter Road Teignmouth TQ14 9LQ ## **BANKERS** CAF Bank Ltd. Barclays Bank Ltd. 25 Kings Hill Avenue 40 Courtenay Street Kings Hill Newton Abbot West Malling Devon ME19 4JQ TQ12 2EA ## **INDEPENDENT EXAMINER** Mr J Foxwell, FCCA, FCIE 39 Enfield Road Poole BH15 3LJ Page 1 of 11 North Teignmouth Community Church ## **TRUSTEES’ REPORT** For the period 1[st] October 2020 to 30[th] September 2021 ## _**Introduction**_ This is the eight report of North Teignmouth Community Church’s trustees since becoming a Charitable Incorporated Organisation in July 2013. This report gives full details of the church, its membership, objects and activities. ## _**Objects and Activities**_ The objectives of the Community Church shall be - a) The advancement of the Christian Faith, and - b) The support of charitable purposes and charitable institutions. In furtherance of the above objectives the Community Church shall have the following powers:With regard to objective (a):- - i) To provide an Evangelical Independent non-denominational Church for the advancement of religion based on a personal belief in Jesus Christ as Lord, Saviour and Redeemer as set out in our Statement of Faith. - ii) To provide services on Sundays together with ancillary activities for all age groups on any day in the week. With regard to objective (b):- - i) To raise funds and invite and receive donations from any person or persons. The income and property of the Charity shall be applied solely towards the promotion of its Objectives. - ii) Support for other institutions is usually financial. Ten percent of all offerings received and any Gift Aid recovered on those offerings was tithed to a number of charities during 2020/21. In addition one-off gifts were given during the year as was deemed appropriate. - iii) To do all such other lawful things as are necessary for the attainment of the said objectives. The Church does not own its own building and normally meets in the local Community Association hall which is situated in Higher Buckeridge Road, Teignmouth. All are welcome to attend services and other events and our aim is to enable people to live out their faith as part of the Community Church through: Worship and prayer, learning about the Gospel and developing their knowledge and trust in the Lord Jesus Christ Provision of pastoral care Outreach work Page 2 of 11 North Teignmouth Community Church Communion is normally celebrated on the first Sunday morning of each month and at each evening service. One of the Community Church Elders is designated as a member of the local Fraternal of Churches. As an independent, non-denominational church the Elders felt the need to affiliate to umbrella organisations for support, advice, etc. and to that end the church has affiliated to Partnership UK and the South West Baptist Association. ## _**Public benefit**_ To achieve Objective (a), above, the Community Church normally provides i) Weekly Sunday morning services and Sunday school facilities ii) A monthly Sunday evening service iii) A weekly club for social events on Tuesday afternoons iv) Fortnightly Bible study groups v) Monthly Messy Church for children and young people vi) Alpha courses and other outreach events vii) Various social events The provision of these has been limited during the year 2020/2021 due to restrictions set by Government guidelines which were caused by the covid pandemic. Participation in the above is not limited to members and all are welcome to attend. There is no charge for attendance. ## _**Contracts with Central or Local Government**_ The charity has no contracts with either Central or local Government. ## _**Staff payment policy**_ As at 30[th] September 2021 the church had no paid employees as our Community Pastor, Rev Marcus Thomas resigned on 14[th] August 2021. At such time as the church may seek to employ another person then the payment scale will be broadly in line with the standard stipend as recommended by the The Baptist Union of Great Britain and dependent on employment status and experience. Reviews of pay scales will be undertaken each year on the anniversary of the commencement of employment. ## _**Financial policies**_ The financial policies are reviewed at least annually and are as follows: ## _**Investment policies**_ _**Property -**_ In November 2015 the church purchased a property to provide an alternative source of income. As the church is a CIO the property is registered with the Land Registry in the name of the church, not the name of any individual or individuals. This terraced house, located in the nearby town of Dawlish, has been placed on the rental market and the income produced will be used for the future development of the church. _**General -**_ Under the Church’s constitution all property acquired may be vested in a corporation lawfully entitled to act as Custodian Trustee or in the Trustees. In addition to the property there are a few items it owns i.e. an audio/visual system, laptop computers, a keyboard, chorus books, etc. and these may be replaced from time to time as required. Page 3 of 11 North Teignmouth Community Church ## _**Reserves policy**_ The CIO has no major assets other than a property which produces rental income and could be sold at any time if so decided. As the continuing existence of the church is not dependent on the property the trustees have concluded that the CIO does not need to hold any funds in reserve. While it was decided not to create reserves the trustees felt that the existing Designated Funds for development of the church and property maintenance should continue to receive donations. ## _**Risk policy**_ The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks. ## _**General**_ ## _**Community Pastor**_ The church continued to employ one employee up to 14 August 2021. Rev Desmond Marcus Thomas tendered his resignation and left our employment on 14 August 2021. ## _**Property purchase**_ The church continues to own the property it purchased in November 2015 and the original tenant remains in residence. On-line research in October 2021 indicated that should the church decide to sell it would be marketed in the region of £181,000 to £185,000. ## _**Bank accounts**_ The current account opened with Barclays Bank in September 2016 for the deposit of gifts and offerings has proved very satisfactory and meets our needs. The local branch of Barclays in Teignmouth closed in September 2018 but we continue to bank with them using the Post Office counter system. All other banking services continue to be provided by CAF Bank. ## _**Coronavirus pandemic**_ The lockdown restrictions introduced as a result of the covid pandemic came into effect half way through the previous financial year. As the congregation could not meet in person services were provided via Youtube and business meetings continued to be mainly conducted online via Zoom. On the 30[th] September 2020 services recommenced at the Richard Newton Hall on Wednesday afternoons and evenings until December. Sunday services then recommenced again from 2[nd] May 2021. These meetings were held in accordance with Health & Safety requirements and the government guidelines which were current at the time. The effect of lockdown on the church’s finances resulted in a smaller than expected deficit for the year of £350 against a budgeted deficit of £9.200. The trustees decided not to apply for financial support from the Government through its’ Furlough Scheme as the church has sufficient income to continue paying our one full time employee. ## _**Summary of the trustees’ activities**_ In addition to calling the AGM and other meetings of the members, the Managing Trustees met four times during the year ended 30[th] September 2021. Page 4 of 11 North Teignmouth Community Church ## _**Trust administration and trustees’ expenses**_ During the year no trustees were paid for their services and no claims for traveling expenses were received. ## _**Trust funding**_ During the period covered by this report the Trust’s income derived solely from offerings, Gift Aid recovery, rental income, gifts and donations and interest on its working capital. ## _**Compliance with the Charity’s governing document and current statutory requirements**_ The financial statements have been prepared in accordance with (i) the governing document of the Charity and (ii) current statutory requirements ## _**Statement of trustees’ responsibilities**_ Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: - select suitable accounting policies and then apply them consistently - make judgements and estimates that are reasonable and prudent - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements - present the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records which - i) disclose with reasonable accuracy the financial position of the charity - ii) enables them to ascertain the financial position of the charity, and - iii) enables them to ensure that the financial statements comply with applicable law regulations and trust deed. 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. Approved by the Trustees on 29[th] April 2022 and signed on their behalf by: Trustee Signature …………………………………………………… Name ……………………….….…………………… Trustee Signature …………………………….…………………… Name …………………………………..……….. Page 5 of 11 North Teignmouth Community Church ## **INDEPENDENT EXAMINER’S REPORT** ## **TO THE TRUSTEES OF THE NORTH TEIGNMOUTH COMMUNITY CHURCH** I report to the trustees on my examination of the financial statements of the charity for the period 1[st] October 2020 to 30th September 2021. ## **Responsibilities and basis of report** As the trustees of the charity, 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 2011 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr J Foxwell FCCA, FCIE 39 Enfield Road Poole BH15 3LJ Signed: …………………………………………………………….. Date: ……………………………..………………………………… Page 6 of 11 North Teignmouth Community Church ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **For the year from 1[st] October 2020 to 30[th] September 2021** |**INCOME from**
Offerings received
Rental income
Gift Aid recovery
Investment interest (see Note 3)
Donations received (see Note 4)
Other income
**Total Income**
**EXPENDITURE on**
Sunday Services
Expenses incurred (see Note No 5)
Tithes
Other events
Messy church
Time Out
Sunday School
House Groups
Pastoral & Social Care
Outreach
Baby Bank Project
Other expenditure
General Donations (see Note 6)
Administration (see Note 7)
Insurance etc (see Note 8)
Property expenses
Computers & technology
Recruitment & Employment Costs
Other (see Note 9)
Community Pastor
Salary & Expenses (see Note 10)
**Total Expenditure**
**Net income for the period**
**Funds b/fwd 1st Oct 2020 (see note below)**
**Net gains/(losses) on investments**
**Transfer of Funds (see Note 11)**
**Total funds c/fwd at 30th September 2021**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**TOTAL**
2019/20
**£**
**£**
**£**
**£**
27,042
**27,042**
30,558
6,900
**6,900**
6,750
5,626
**5,626**
6,619
3,003
**3,003**
3,124
2,029
**2,029**
2,690
160
**160**
0| |---|---| ||**44,760**
**0**
**44,760**
49,741| ||1,161
**1,161**
1,165
2,988
**2,988**
3,447
480
**480**
1,001
0
**0**
435
0
**0**
0
44
**44**
109
669
**669**
0
813
**813**
2,630
4,904
**4,904**
757
4,802
**4,802**
3,055
396
**396**
551
1,309
**1,309**
1,151
1,333
**1,333**
1,002
862
**862**
1,013
0
**0**
0
404
**404**
1,529
24,945
**24,945**
27,311| ||**45,110**
**0**
**45,110**
45,156| ||**-350**
**-350**
4,585
**117,750**
**175,000**
**292,750**
279,941
**-4,741**
**10,000**
**5,259**
8,224
**0**
**0**
0| ||**112,659**
**185,000**
**297,659**
292,750| **NOTE** : Unrestricted funds of £117,750 brought forward on 1[st] Oct 2020 comprise General Fund £13,728, designated funds £104,022 The Trust’s results derive from continuing activities The notes on pages 9, 10 and 11 form part of these accounts Page 7 of 11 North Teignmouth Community Church ## **BALANCE SHEET** As at 30[th] September 2021 |**Fixed Asset Investment**
Investment property
**Current Assets**
CCLA Deposit account
Charinco Common Investment Fund
Bonds
Debtors and prepayments
Cash at bank - General
**Current Liabilities**
Creditors and receipts in advance
Income received in advance
**Net current assets**
**Net assets**
**Funds**
Restricted funds re property purchase
Unrestricted funds
General Funds
Designated Funds (see Note No 12)
**Total Funds**|**30-9-2021**
**£**
**185,000**
**0**
**68,736**
**25,763**
**2,673**
**16,530**
**113,702**
**1,043**
**0**
**1,043**
**112,659**
**297,659**
**185,000**
**8,637**
**104,022**
**297,659**|30-9-2020
£
175,000
2,850
73,478
25,000
2,568
14,891| |---|---|---| |||118,787
1,037
0| |||1,037| |||117,750| |||292,750| |||175,000
13,728
104,022| |||292,750| The notes on pages 9, 10 and 11 form part of these accounts Approved by the Trustees on 29[th] April 2022 and signed on their behalf by …………………………………………………………………….. ## Trustee ………………………………………………………………………. Trustee Page 8 of 11 North Teignmouth Community Church ## **NOTES AND ACCOUNTING POLICIES** For the period 1[st] October 2020 to 30[th] September 2021 ## **1 Accounting Policies** - **a) Basis of preparation and assessment of going concern** The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The 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) and the Charities Act 2011. The trust constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern. ## **b) Investment income** Investment income is accounted for by reference to the period of the accounts and not the date at which interest is credited to the bank. ## **c) Liability recognition** Generally liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. ## **d) Investment property** Investment property was disclosed initially at cost and is revalued at fair value at each accounting period end date. ## **e) Reserves** As stated on pages 3 and 4 the trustees have decided that the Trust does not need to hold any funds as reserves. However funds are held in a number of Designated Accounts and the Charity, at its discretion, may use all these funds for its charitable purposes. Sufficient resources are held in an appropriate form to do this. ## **2 Remuneration** The trustees received no remuneration in their capacity as trustees. |**3**
**Investment interest received**
CCLA Deposit Account (account closed 23rdFeb 2021)
BlackRock Charities UK Fund A Inc (Charinco Inv fund)
Hampshire Trust Bank
Cambridge & Counties Bank
Current Account Interest|**2020/21**
**£**
**0**
**2,240**
**399**
**364**
**0**
**3,003**|2019/20
£
12
3,112
0
0
0| |---|---|---| |||3,124| Page 9 of 11 North Teignmouth Community Church |**4**
**Donations received**
Baby Bank
El Shaddai
New Year lunch
Legacy from D Renhard
Dario Event
Christmas Collections – CR2EE
Donation - Anonymous
Other
**5**
**Sunday Service expenses**
**Hire of hall including meetings**
Gifts to speakers
Other costs
**6**
**Donations given**
S West Baptist Association
Baby Bank
El Shaddai
Alice Cross Centre
CR2EE
Kingsway Meadow Centre
Re-Discover Church
Partnership UK
Open Doors
DEC
Choice Pregnancy Centre
Gideons UK
Bible Reading Fellowship
**7**
**Administration**
Independent Examiner
Stationery, postage & printing etc
Elder & Trustee Costs
Christmas cards
**8**
**Insurance/licences/subscriptions, etc**
Public Liability and Trustee Indemnity Insurance
Music Licenses & subscriptions
Safeguarding incl DBS checks
Affiliation Fees
Mission Praise
ACAT||**1,519**
**210**
**0**
**0**
**0**
**0**
**0**
**300**
**2,029**
**640**
**0**
**521**
**1,161**
**1,490**
**1,047**
**820**
**450**
**300**
**250**
**200**
**180**
**65**
**0**
**0**
**0**
**0**
**4,802**
**245**
**151**
**0**
**0**
**396**
**517**
**369**
**323**
**100**
**0**
**0**
**1,309**||979
0
617
500
250
110
45
189| |---|---|---|---|---| |||||2,690| |||||690
225
250| |||||1,165| |||||1,440
0
75
0
360
0
0
180
0
400
250
250
100| |||||3,055| |||||240
243
59
9| |||||551| |||||488
335
144
89
80
15| |||||1,151| Page 10 of 11 ## North Teignmouth Community Church |**9**|**Miscellaneous**|||||| |---|---|---|---|---|---|---| ||Baby Bank Storage Costs|||**270**|0|| ||NRACA costs|||**28**|0|| ||Christmas Cards & Decorations|||**18**|16|| ||New Year lunch|||**0**|617|| ||Training|||**0**|245|| ||Website|||**0**|243|| ||Pastoral costs|||**0**|160|| ||Bank charges|||**88**|60|| ||Other|||**0**|188|| |||||**404**|1,529|| |**10**|**Minister – Salary & Expenses**|||||| ||Salary|||**23,220**|25,895|| ||Employers Pension contribution|||**1,050**|1,200|| ||Payroll Costs|||**161**|174|| ||Training|||**0**|42|| ||Expenses|||**514**|0|| |||||**24,945**|27,311|| |**11**|**Transfer of funds**|||||| |||||**Unrestricted**|2020/21|| ||Transfer to Designated funds|||**0**|500|| ||Transfer from General funds|||**0**|--500|| ||||Total|**0**|0|| |**12**|**Designated Funds**|||||| |||Funds brought||Transfers|Transfers|Closing| |||forward on||from|between|Balance at| |||1-10-2020|General Fund||Funds|30-09-2021| |||£||£|£|£| ||Development Fund|96,522|||-5,000|91,522| ||Property maintenance|7,000||||7,000| ||Legacies|500||0|5,000|5,500| |||104,022||0|0|104,022| Page 11 of 11