DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
Registered Number 08993640 (England and Wales)
## Unaudited Financial Statements for the Year ended
31 March 2022
DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
## Contents of the Financial Statements
|Company Information|2|
|---|---|
|Directors' Report|3|
|Accountants' Report|4|
|Profit and Loss Account|5|
|Balance Sheet|6 - 7|
|Notes to the Financial Statements|8 - 9|
|Detailed Profit and Loss Account|10|
This page does not form part of the statutory financial statements
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
Company Information for the year from 1 April 2021 to 31 March 2022
**Directors** Adams, Matthew David Keays, Jonathan Peter Racher, Ronald Bruce **Registered Address** Yeovil Family Church 164 Preston Road Yeovil BA20 2EQ **Registered Number** 08993640 (England and Wales)
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
## Directors' Report
The directors present their report and the financial statements of the company for the year ended 31 March 2022.
The directors who served during the year were as follows:
Adams, Matthew David (Appointed 6 January 2022)
Keays, Jonathan Peter
Racher, Ronald Bruce
Holmes, Colin
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:**
Racher, Ronald Bruce Director
8 December 2022
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church Accountants' Report
## **Chartered Accountants' report to the directors on the preparation of the unaudited statutory financial statements of Yeovil Family Church (the company) for the year ended 31 March 2022.**
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 March 2022 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 https://www.icaew.com/regulation.
This report is made solely to the directors of the company, 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 the company and state those matters that we have agreed to state to the directors of the company, 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 the company and its directors, as a body, for our work or for this report.
It is your duty to ensure that the company 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 the company. You consider that the company 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 the company. 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 1 Park Gardens Yeovil BA20 1DW
Date: 8 December 2022
This page does not form part of the statutory financial statements
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
## Profit and Loss Account
## for the year from 1 April 2021 to 31 March 2022
|Notes
Administrative expenses
Other operating income
Interest payable and similar charges
**Profit before taxation**
**Profit for the year**|2022
£
(91,825)
106,805
(4,184)|2021
£
(80,287)
92,012
(4,710)|
|---|---|---|
||10,796|7,015|
||10,796|7,015|
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
## Balance Sheet as at
## 31 March 2022
|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**|2022
£
£
226,564
226,564
3,988
48,011
51,999
(4,961)
47,038
273,602
(96,178)
177,424
2,199
175,225
177,424|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|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|
|---|---|---|---|
||||225,264
41,893|
||51,999
(4,961)|47,183
(5,290)||
|||||
||||267,157
(100,529)|
||||166,628|
||||4,274
162,354|
||||166,628|
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).
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
## Balance Sheet (continued) as at 31 March 2022
The financial statements were approved and authorised for issue by the Board of Directors on 8 December 2022, and are signed on its behalf by:
Racher, Ronald Bruce **Director Registered Company No. 08993640**
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
## Notes to the Financial Statements for the year ended 31 March 2022
## **1. Statutory information**
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**
## **Revenue recognition policy**
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
## **4. Employee information**
||2022|2021|
|---|---|---|
|Average number of employees during the year|3|3|
## **5. Property, plant and equipment**
|**Cost or valuation**
At 01 April 21
Additions
At 31 March 22
**Net book value**
At 31 March 22
At 31 March 21|Total
£
225,264
1,300|
|---|---|
||226,564|
|||
||226,564|
||225,264|
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
## Notes to the Financial Statements (continued) for the year ended 31 March 2022
## **6. Debtors within one year**
|Other debtors
Prepayments and accrued income
Total|2022
£
2,433
1,555|2021
£
1,112
1,272|
|---|---|---|
||3,988|2,384|
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.
## **7. Creditors within one year**
|Bank borrowings and overdrafts
Taxation and social security
Total|2022
£
3,801
1,160|2021
£
4,251
1,039|
|---|---|---|
||4,961|5,290|
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.
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DocuSign Envelope ID: F6EC52C5-DA7D-4A21-B5A6-9392B7A5822F
## Yeovil Family Church
## Detailed Profit and Loss Account
## for the year from 1 April 2021 to 31 March 2022
|**Gross profit**
Gross Profit
**Administrative expenses**
Administration & Management
Charitable Expenditure
Fundraising & Publicity
Premises Expenses
Salaries & Pensions
**Other Operating Income**
Gift-aid Recoverable
Interest Income
Miscellaneous Income
Sunday Offerings & Donations
Tithes & Regular Giving
**Interest payable and similar charges**
Mortgage Interest
**Profit/(loss) for the year**
Net Profit|2022
£
-|2021
£
-|
|---|---|---|
||-
3,963
22,199
1,238
2,505
61,920|-
3,259
14,055
584
2,458
59,931|
||91,825
19,392
209
2,134
16,281
68,789|80,287
16,079
210
682
4,078
70,963|
||106,805
4,184|92,012
4,710|
||4,184
10,796|4,710
7,015|
||10,796|7,015|
This page does not form part of the statutory financial statements
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