2021-03-31-accounts - Yeovil Family Church

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YEOVIL FAMILYCHURCH

Registered Number 08993640 (England and Wales)

Unaudited Financial Statements for the Year Ended

31 March 2021

YEOVIL FAMILYCHURCH

Contents of the Financial Statements

Company Information	2
Directors' Report	3
Accountants' Report	4
Profit and Loss Account	5
Balance Sheet	6
Notes to the Financial Statements	8
Detailed Profit and Loss Account	10

This page does not form part of the statutory financial statements

YEOVIL FAMILYCHURCH

for the year from 1 April 2020 to 31 March 2021

Directors HOLMES, Colin KEAYS, Jonathan Peter RACHER, Ronald Bruce Registered Address Yeovil Family Church 164 Preston Road Yeovil BA20 2EQ Registered Number 08993640 (England and Wales)

YEOVIL FAMILYCHURCH

Directors' Report

The directors present their report and the financial statements of the company for the year ended 31 March 2021.

The directors who served during the year were as follows:

HOLMES, Colin

KEAYS, Jonathan Peter

RACHER, Ronald Bruce

The report of the directors has been prepared taking advantage of the small companies exemptions of Section 415A of the Companies Act 2006.

By order of the board:

HOLMES, Colin

Director

21 December 2021

YEOVIL FAMILYCHURCH

Accountants' Report

Chartered Accountants' report to the directors on the preparation of the unaudited statutory financial statements of YEOVIL FAMILYCHURCH (the company) for the year ended 31 March 2021.

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of YEOVIL FAMILYCHURCH for the year ended 31 March 2021 which comprise the Profit and Loss accounts, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales(ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of YEOVIL FAMILYCHURCH, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of YEOVIL FAMILYCHURCH and state those matters that we have agreed to state to the directors of YEOVIL FAMILYCHURCH, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YEOVIL FAMILYCHURCH and its directors, as a body, for our work or for this report.

It is your duty to ensure that YEOVIL FAMILYCHURCH has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of YEOVIL FAMILYCHURCH. You consider that YEOVIL FAMILYCHURCH is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the financial statements of YEOVIL FAMILY CHURCH. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Read & Co. Chartered Accountants 107 North Street Martock TA12 6EJ

Date: 21 December 2021

This page does not form part of the statutory financial statements

YEOVIL FAMILYCHURCH

Profit and Loss Account

for the year from 1 April 2020 to 31 March 2021

Notes Administrative expenses Other operating income Interest payable and similar charges Profit or loss before taxation Profit/(loss) for the year	2021 £ (80,287) 92,012 (4,710) 7,015 7,015	2020 £ (76,080) 101,527 (5,096)
		20,351
		20,351

YEOVIL FAMILYCHURCH

Balance Sheet as at

31 March 2021

Notes Fixed assets Tangible assets 5 Current assets Debtors Cash at bank and on hand Creditors amounts falling due within one year 7 Net current assets (liabilities) Total assets less current liabilities Creditors amounts falling due after one year Net assets Capital and reserves Other reserves Profit and loss account Shareholders' funds	2021 £ £ 225,264 225,264 2,384 44,799 47,183 (5,290) 41,893 267,157 (100,529) 166,628 4,274 162,354 166,628	2020 £ £ 224,174 224,174 3,728 41,510 45,238 (4,934) 40,304 264,478 (104,866) 159,612 2,815 156,797 159,612	2020 £ £ 224,174 224,174 3,728 41,510 45,238 (4,934) 40,304 264,478 (104,866) 159,612 2,815 156,797 159,612
			224,174 40,304
			264,478 (104,866)
			159,612
			2,815 156,797
			159,612

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 21 December 2021, and are signed on its behalf by:

HOLMES, Colin Director Registered Company No. 08993640

for the year ended 31 March 2021

YEOVIL FAMILYCHURCH

Notes to the Financial Statements

1. STATUTORYINFORMATION

The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK

The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3. ACCOUNTING POLICIES

Property, plant and equipment policy

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

4. EMPLOYEE INFORMATION

	2021	2020
Average number of employees during the year	3	3

5. PROPERTY, PLANT AND EQUIPMENT

Cost or valuation At 01 April 20 Additions At 31 March 21 Net book value At 31 March 21 At 31 March 20	Total £ 224,174 1,090
	225,264

	225,264
	224,174

6. DEBTORS WITHIN ONE YEAR

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Other debtors Prepayments and accrued income Total	2021 £ 1,112 1,272 2,384	2020 £ 2,190 1,538 3,728

7. CREDITORS WITHIN ONE YEAR

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Bank borrowings and overdrafts Taxation and social security Total	2021 £ 4,251 1,039 5,290	2020 £ 3,922 1,012 4,934

YEOVIL FAMILYCHURCH

Detailed Profit and Loss Account

for the year from 1 April 2020 to 31 March 2021

Notes Gross profit Gross Profit Administrative expenses Salaries & Pensions Administration & Management Charitable Expenditure Fundraising & Publicity Premises Expenses Other Operating Income Interest Income Gift-aid Recoverable Grant Received [DAC] Miscellaneous Income Sunday Offerings & Donations Tithes & Regular Giving Interest payable and similar charges Mortgage Interest Profit/(loss) for the year Net Profit	2021 £ - - 59,931 3,259 14,055 584 2,458 80,287 210 16,079 - 682 4,078 70,963 92,012 4,710 4,710 7,015 7,015	2020 £ -
		- 56,500 3,820 9,533 630 5,597
		76,080 330 16,147 1,800 359 12,200 70,691
		101,527 5,096
		5,096 20,351
		20,351

This page does not form part of the statutory financial statements