## 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
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## YEOVIL FAMILYCHURCH
## Company Information
## 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)
2
## 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
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## 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
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## 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|
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## 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:
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## HOLMES, Colin **Director Registered Company No. 08993640**
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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|
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## **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|
|---|---|---|
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## 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
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