REGISTERED COMPANY NUMBER: 08140653 (England and Wales) REGISTERED CHARITY NUMBER: 1154240
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2022
for
MACKINTOSH EVANGELICAL CHURCH
MACKINTOSH EVANGELICAL CHURCH
Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | to | 10 |
| Notes to the Financial Statements | 11 | to | 18 |
| Detailed Statement of Financial Activities | 19 | to | 20 |
MACKINTOSH EVANGELICAL CHURCH
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022
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 year ended 31 March 2022. 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 charitable company's objectives, as expressed in the Articles of Association, are as follows:
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1 To advance the Christian faith in accordance with the statement of beliefs in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit;
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2 To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time may think fit;
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3 To advance education in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit
Public benefit
The charitable company's trustees can confirm that they have given due regard to the Charity Commission's guidance on public benefit. Significant activities undertaken in furtherance of the charitable company's objectives and for the benefit of the public are set out on the following pages.
Page 1
MACKINTOSH EVANGELICAL CHURCH
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022
OBJECTIVES AND ACTIVITIES
Significant activities
Mackintosh Evangelical Church runs a wide range of activities in furtherance of its objectives. The core activities of the church are noted below, with detail of activity in the year in the 'Achievement and Performance' section of the report.
Sunday worship : The church holds weekly Sunday services, in both the morning (in the church building) and the evening (via Zoom), which are open to members and non-members alike and bring together those of all ages and backgrounds. These regular services include Biblical teaching, prayer and musical worship.
Youth : During the Sunday morning service, crèche and Sunday school are available to care for and provide teaching for children and young people. In addition to Sunday morning groups for young people, the church runs a youth club which meets weekly on a Thursday evening during term time . Pre-school children along with their parents and carers, many of whom are not members of the church, gather in a friendly and informal baby and toddler group on Wednesday mornings.
Small groups : During the Sunday morning service, crèche and Sunday school are available to care for and provide teaching for children and young people. In addition to Sunday morning groups for young people, the church runs a youth club which meets weekly on a Thursday evening during term time . Pre-school children along with their parents and carers, many of whom are not members of the church, gather in a friendly and informal baby and toddler group on Wednesday mornings.
Community activities : Mackintosh Evangelical Church seeks to reach out to the community in our locality and gives a warm welcome to visitors not only at our regular meetings and youth and children's groups, but also at activities such as craft and coffee mornings, and annual Christmas and Easter events and services. In the wider community, the church is a partner, along with many other churches in Cardiff, in the 'Paradise Run' ministry, which provides food and other essential items to those in need on the streets of Cardiff city centre.
Grant-making
A key way in which the church contributes to the wider community in the UK and beyond is by giving financial donations to external organisations and mission partners. We have a number of mission partners who receive regular monthly support. In addition to this, the eldership team decides on a regular basis which other causes to support with one off donations. This may include causes which have a link to the church and/or its members, to support of outreach in the local community, or gifts made to a visiting speaker who has attended, whilst ensuring that the church's charitable objectives are being met in each case. On top of this, wide scale Christian charitable appeals for particular areas of need in both the UK and overseas are considered for donations. The church consistently donates in the region of 20% of its income to such causes; there is no policy commitment to maintain this level of external donations, however it is a level that the trustees do wish to maintain so long as income and reserves allow.
Volunteers
The church has a small number of employees who contribute significantly to the planning and running of its activities. However, there is a much larger body of volunteers, without whom the continuance of many of the church's activities would not be possible.
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MACKINTOSH EVANGELICAL CHURCH
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year under review, the Church has moved forward and fully 'opened our doors' again with a return to activity after the peak of the Covid-19 pandemic passed. Progression was made cautiously and in line with a detailed risk assessment that was discussed and revised regularly.
Church meetings at the beginning of the year had a socially distanced set up with booking required to attend, but by the end of the year had returned to a 'normal' format with no need to restrict numbers and a welcome return of the provision of refreshments after the service. A parallel online provision has remained for the small proportion of members who cannot or chose not to attend in person on any given week.
The church continued to employ a youth worker throughout the financial year. Of our original two Thursday evening youth groups, only that which caters to 11-14 year olds reopened on a face-to-face basis, due to the challenge of resourcing both groups. The decision to reopen for the older age range was in part due to the younger age group being catered for on a Sunday morning as part of Sunday School provision during the main service. At the beginning of the year, this provision had only been online via recorded video lessons, at times accompanied by craft or colouring activities sent out in the post. We were pleased to be able to welcome the children back into church in person and recommence more lively Sunday School lessons with Bible teaching, activities and games.
Our baby and toddler group 'Miniscules' reopened in the church building in April 2021, and has throughout the year been increasingly popular with many families in the community.
Our homegroups continued to meet throughout the year, with some moving from 'Zoom' to in-person meetings and others remaining online, depending on the needs and preferences of each group.
The trustees are satisfied that the charity has continued to meet its charitable aims and objectives throughout the year.
FINANCIAL REVIEW
The church is wholly dependent on the generosity of individuals, and from time-to-time grants from charitable trusts, to continue its work. Risk is reduced by the fact that donations come from a wide number of individuals, giving consistent monthly amounts. We are encouraged that giving has remained largely consistent year on year. Although somewhat reduced in 2021-22, regular income has increased again post year end.
Total income in the year to 31 March 2022 was £73,684 (2021 - £85,978), including donations from individuals and the associated gift aid totalling £73,673 (2021 - £85,950).
Expenditure in the year was £84,984, (2021 - £78,805), resulting in net expenditure for the year of £11,300 (2021 - net income £7,173).
Reserves policy
The trustees aim to hold sufficient reserves to cover 6 to 12 months of the normal operating costs of the church. As at March 2022, the charitable company had total funds of £632,101 (2021 - £643,401), all of which were unrestricted. Deducting fixed assets of £552,831 (2021 - £552,113), this leaves free reserves of £79,270 (2021 - £91,288), which equates to approximately 11 months (2021 - 13 months) normal operating costs and is therefore in line with the reserves policy.
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MACKINTOSH EVANGELICAL CHURCH
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022
FUTURE PLANS
The church leadership team continues to review our activities to assess their viability in light of the resources we have, and to ensure that our objectives continue to be met.
Our youth worker finished their contract at the end of May 2022, and the post has not since been refilled. The eldership is considering a way forward in terms of what scope of role we would now seek to appoint. Our Thursday evening youth group has paused in light of this due to the challenge of resourcing it, with energy focused on Sunday morning provision for the youth which continues to operate and look to be expanded to include an extra group in Jan 2023. The recommencement of additional craft days and other seasonal events are also planned.
There has been a focus on community engagement post year end, with new activities such as a weekly drop in café, hosting FAN (Friends and Neighbours) meetings and providing a 'warm space' in the midst of the cost-of-living crisis. The eldership continues to review new ideas on how to best serve the local community as they looks to form a strategic vision for the next 5 years.
The trustees consider that the charitable company will continue as a going concern for a period of 12 months from the date on which these financial statements are approved for the following reasons:
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The Church is not reliant on any once source of donation income, but receives donations from multiple individuals,
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The charitable company holds sufficient reserves, as detailed in the reserves policy above, to enable us to continue operating should there be any loss of income in the short to medium term.
The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 1 to the financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charitable company's governing document is its Memorandum and Articles of Association, dated 12 July 2012. This is the date on which the charitable company was incorporated.
Recruitment and appointment of new trustees
The trustees are mindful of the need to ensure that there is sufficient breadth of knowledge and skills on the board to enable proper management of the church's resources. When required, new trustees are appointed by the current board of trustees, on the basis of qualifications and experience relevant to the operations of the church.
Induction and training of new trustees
Trustees will largely be church members who have already been involved with the church for a significant period of time, and are therefore familiar with its activities. New trustees undertake appropriate induction and training; they are made aware of their responsibilities as trustees and directed towards the Charity Commission's guidance for trustees.
Organisational structure
The charity is administered by a management group comprising the trustees. The trustees meet formally on a quarterly basis to oversee proper management and administration of the church's property and funds for the public benefit, and to ensure that the charity continues to meet its legal and regulatory responsibilities.
The eldership team, comprising 2 trustees and 4 others, meets on a monthly basis and deals with all Spiritual matters involved in the running of the church, as well reviewing in detail the specific activities carried out by the church. There is one paid staff member on the eldership team.
The trustees and elders have delegated the operational week-on-week running of a number of the church's activities to other church members, including to staff members, being our youth and families worker(s).
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MACKINTOSH EVANGELICAL CHURCH
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Key management remuneration
The key management personnel of the Charity consist of the trustees and elders. Alistair McGhee is remunerated by virtue of his position as Pastor, with pay set and reviewed periodically by non-remunerated members of the Trustee Board.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08140653 (England and Wales)
Registered Charity number
1154240
Registered office
61-63 Mackintosh Place Cardiff South Glamorgan CF24 4RL
Trustees
J H Griffiths P S Andrews D Gamble J Andrews A Handley (appointed 27.9.21)
Other key management personnel
Pastor - Alistair McGhee
Independent Examiner
Andrew Jordan Haines Watts Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL
Bank services
CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
FUNDS HELD AS CUSTODIAN FOR OTHERS
None.
Approved by order of the board of trustees on 21 December 2022 and signed on its behalf by:
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MACKINTOSH EVANGELICAL CHURCH
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022
J Andrews - Trustee
Page 6
Independent Examiner's Report to the Trustees of Mackintosh Evangelical Church
Independent examiner's report to the trustees of Mackintosh Evangelical Church ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Andrew Jordan Haines Watts Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL
23 December 2022
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MACKINTOSH EVANGELICAL CHURCH
Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 71,623 Investment income 3 11 Total 71,634 EXPENDITURE ON Charitable activities 4 Church Activities 70,840 External causes supported - UK 5,344 External causes supported - overseas 6,750 Total 82,934 NET INCOME/(EXPENDITURE) (11,300) RECONCILIATION OF FUNDS Total funds brought forward 643,401 TOTAL FUNDS CARRIED FORWARD 632,101 |
Restricted funds £ 2,050 - 2,050 - 200 1,850 2,050 - - - |
2022 Total funds £ 73,673 11 73,684 70,840 5,544 8,600 84,984 (11,300) 643,401 632,101 |
2021 Total funds £ 85,950 28 |
|---|---|---|---|
| 85,978 | |||
| 63,871 6,085 8,849 |
|||
| 78,805 | |||
| 7,173 636,228 |
|||
| 643,401 |
The notes form part of these financial statements
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MACKINTOSH EVANGELICAL CHURCH (REGISTERED NUMBER: 08140653)
Balance Sheet 31 MARCH 2022
| Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors 13 Cash at bank CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds TOTAL FUNDS |
Unrestricted fund £ 552,831 18,320 72,473 90,793 (11,523) 79,270 632,101 632,101 |
Restricted funds £ - - - - - - - - |
2022 Total funds £ 552,831 18,320 72,473 90,793 (11,523) 79,270 632,101 632,101 632,101 632,101 |
2021 Total funds £ 552,113 19,095 74,481 93,576 (2,288) 91,288 643,401 643,401 643,401 643,401 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes form part of these financial statements
continued...
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MACKINTOSH EVANGELICAL CHURCH (REGISTERED NUMBER: 08140653)
Balance Sheet - continued 31 MARCH 2022
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 21 December 2022 and were signed on its behalf by:
J Andrews - Trustee
The notes form part of these financial statements
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MACKINTOSH EVANGELICAL CHURCH
Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2022
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.
The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest £.
The Trustees consider there are no material uncertainties about the charitable company's ability to continue as a going concern.
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.
Offerings and donations are recognised on receipt. Procedures are in place to ensure the completeness of income.
Income tax recoverable on gift-aid donations is recognised when claimable.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Other equipment - 20% on cost Computer equipment - 33% on reducing balance
Land and buildings are valued at deemed cost being the trustees' valuation of £550,000 based on a professional valuation at 25 October 2019.
As permitted by the Statement of Recommended of Practice, no provision for depreciation has been made for freehold property as it is the view of the trustees that the estimated residual value of the property is not materially different from the carrying value.
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
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MACKINTOSH EVANGELICAL CHURCH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES - continued
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Donated goods, facilities and services
The value of services provided by volunteers is not incorporated into the financial statements.
Where goods or service are provided to the charity as a donation that would normally be purchased from suppliers, the contributions are included in the financial statements as an estimate based on the value of the contribution.
Short term liquid investments and cash
Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2. DONATIONS AND LEGACIES
| Offerings and other donations Gift aid Legacies |
2022 £ 59,235 14,135 303 73,673 |
2021 £ 69,784 16,166 - |
|---|---|---|
| 85,950 |
continued...
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MACKINTOSH EVANGELICAL CHURCH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022
3. INVESTMENT INCOME
| Deposit account interest 4. CHARITABLE ACTIVITIES COSTS Church Activities External causes supported - UK External causes supported - overseas 5. GRANTS PAYABLE External causes supported - UK External causes supported - overseas The total grants paid to institutions during the year Cardiff Asian Christian Outreach Tearfund UCCF Echoes International J.R & A.C. Hanley Paradise Run Concern Cymru Ely Gospel Hall GEM UK Other grants |
2022 £ 11 Grant funding of activities Support Direct (see note costs (see Costs 5) note 6) £ £ £ 58,443 - 12,397 - 5,544 - - 8,600 - 58,443 14,144 12,397 2022 £ 5,544 8,600 14,144 was as follows: 2022 £ 1,200 2,000 500 - 6,300 394 - - - 1,350 11,744 |
2021 £ 28 Totals £ 70,840 5,544 8,600 |
|---|---|---|
| 84,984 | ||
| 2021 £ 6,085 8,849 |
||
| 14,934 | ||
| 2021 £ 1,200 - - 1,788 - 873 500 500 1,000 1,250 |
||
| 7,111 |
continued...
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MACKINTOSH EVANGELICAL CHURCH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022
6. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| General | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Church Activities | 10,357 | 96 | 1,944 | 12,397 |
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 1,031 | 1,264 |
8. INDEPENDENT EXAMINER'S REMUNERATION
During the year independent examination fees of £1,181 (2021 - £1,125) and fees for accounting and other services of £763 (2021 - £1,071) were paid to Haines Watts Chartered Accountants.
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
The total remuneration key management personnel during the year was £29,340 (2021 - £29,063).
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
10. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Charitable activities: Pastor Charitable activities: Youth Workers Support staff: Cleaner |
2022 £ 44,382 811 45,193 2022 1 1 1 3 |
2021 £ 43,892 792 |
|---|---|---|
| 44,684 | ||
| 2021 1 1 1 3 |
No employees received emoluments in excess of £60,000.
continued...
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MACKINTOSH EVANGELICAL CHURCH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 84,952 Investment income 28 Total 84,980 EXPENDITURE ON Charitable activities Church Activities 63,871 External causes supported - UK 5,717 External causes supported - overseas 8,219 Total 77,807 NET INCOME 7,173 RECONCILIATION OF FUNDS Total funds brought forward 636,228 TOTAL FUNDS CARRIED FORWARD 643,401 12. TANGIBLE FIXED ASSETS Freehold Other property equipment £ £ COST At 1 April 2021 550,000 2,189 Additions - 1,749 At 31 March 2022 550,000 3,938 DEPRECIATION At 1 April 2021 - 1,753 Charge for year - 478 At 31 March 2022 - 2,231 NET BOOK VALUE At 31 March 2022 550,000 1,707 At 31 March 2021 550,000 436 |
Restricted funds £ 998 - 998 - 368 630 998 - - - Computer equipment £ 10,995 - 10,995 9,318 553 9,871 1,124 1,677 |
Total funds £ 85,950 28 85,978 63,871 6,085 8,849 78,805 7,173 636,228 643,401 Totals £ 563,184 1,749 564,933 11,071 1,031 12,102 552,831 552,113 |
Total funds £ 85,950 28 |
|---|---|---|---|
| 85,978 | |||
| 63,871 6,085 8,849 |
|||
| 78,805 | |||
| 7,173 636,228 |
|||
| 643,401 |
continued...
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MACKINTOSH EVANGELICAL CHURCH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022
12. TANGIBLE FIXED ASSETS - continued
Included in cost or valuation of land and buildings is freehold land of £550,000 (2021 - £550,000) which is not depreciated.
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Gift aid recoverable Prepayments CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors Social security and other taxes Accruals and deferred income |
2022 £ 405 13,765 4,150 18,320 2022 £ 2,223 476 8,824 11,523 |
2021 £ 1,270 16,133 1,692 |
|---|---|---|
| 19,095 | ||
| 2021 £ 180 472 1,636 |
||
| 2,288 |
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
15. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Specific appeals TOTAL FUNDS |
At 1.4.21 £ 643,401 643,401 Incoming resources £ 71,634 2,050 73,684 |
Net movement At in funds 31.3.22 £ £ (11,300) 632,101 (11,300) 632,101 Resources Movement expended in funds £ £ (82,934) (11,300) (2,050) - (84,984) (11,300) |
At 31.3.22 £ 632,101 |
At 31.3.22 £ 632,101 |
|---|---|---|---|---|
| 632,101 | ||||
| (11,300) |
continued...
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MACKINTOSH EVANGELICAL CHURCH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.20 £ Unrestricted funds General fund 636,228 TOTAL FUNDS 636,228 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 84,980 Restricted funds Specific appeals 998 TOTAL FUNDS 85,978 |
Net movement At in funds 31.3.21 £ £ 7,173 643,401 7,173 643,401 Resources Movement expended in funds £ £ (77,807) 7,173 (998) - (78,805) 7,173 |
|---|---|
Restricted funds
Specific appeals - The Specific appeals fund represents donations and offerings raised for specific charities, which have been directly passed on to the nominated charities in full.
16. EMPLOYEE BENEFIT OBLIGATIONS
During the year, the charity paid into a defined contribution pension scheme. The total for the year of £811 (2021: £792) is included within expenditure in the Statement of Financial Activities.
There were outstanding charity contributions of £Nil (2021: £Nil) as at 31 March 2022.
continued...
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MACKINTOSH EVANGELICAL CHURCH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022
17. RELATED PARTY DISCLOSURES
A donation of £300 (2021: £500) was made via Echoes International to the Rwandan Orphans Project, a charitable project over which Peter Andrews, a trustee, has significant influence.
Donations from trustees and related parties
The aggregate donations received from trustees and other related parties were £9,200 (2021 - £9,590).
18. COMPANY LIMITED BY GUARANTEE
The charity is a private company limited by guarantee having no share capital and, in accordance with the Memorandum of Association, every member is liable to contribute £1 towards the costs of dissolution and liabilities incurred by the charity in the event of the company being wound up.
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MACKINTOSH EVANGELICAL CHURCH
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Offerings and other donations | 59,235 | 69,784 |
| Gift aid | 14,135 | 16,166 |
| Legacies | 303 | - |
| 73,673 | 85,950 | |
| Investment income | ||
| Deposit account interest | 11 | 28 |
| Total incoming resources | 73,684 | 85,978 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 39,517 | 39,131 |
| Pensions | 811 | 792 |
| Rates and water | 238 | 159 |
| Light and heat | 3,900 | 1,851 |
| Maintenance, repairs and renewals | 12,288 | 5,968 |
| Kitchen consumables and catering | 136 | - |
| Sunday school and youth work | 309 | 1,130 |
| Printing, postage and stationery | 213 | 518 |
| Literature & teaching resources | - | 412 |
| Other equipment depreciation | 1,031 | 438 |
| Computer equipment depreciation | - | 826 |
| Grants to institutions | 11,744 | 7,111 |
| Grants to individuals | 2,400 | 7,823 |
| 72,587 | 66,159 | |
| Support costs | ||
| General | ||
| Wages | 4,865 | 4,761 |
| Insurance | 1,967 | 2,077 |
| Internet and telephone | 677 | 640 |
| Sundries | 1,108 | 432 |
| Travel & Subsistence | 78 | - |
| Membership and licences | 848 | 952 |
| Legal and company fees | 814 | 1,519 |
| 10,357 | 10,381 |
This page does not form part of the statutory financial statements
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MACKINTOSH EVANGELICAL CHURCH
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| General | ||
| Finance | ||
| Bank charges | 96 | 69 |
| Governance costs | ||
| Independent examiner's remuneration | 1,944 | 2,196 |
| Total resources expended | 84,984 | 78,805 |
| Net (expenditure)/income | (11,300) | 7,173 |
This page does not form part of the statutory financial statements
Page 20