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2020-09-30-accounts

North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2020

The Board of Trustees presents its report and financial statements for the year ended 30 September 2020.

Reference and Administrative Information

Charity name: North Watford Church of the Nazarene Charity Registration Number: 1159827 Principal Address: 19 Balmoral Road, Watford, WD24 4ER Mailing Address: c/o Woodside Community Church, The Brow, Watford, WD25 7NW

Board of Trustees

Rev. Erica Tuxworth (Chair) Mr. Robert Dowty (Secretary) Mrs. Carole Dowty

The Chairperson is ex officio by virtue of her office as Pastor of Watford Woodside Community Church of the Nazarene, incorporating North Watford Church of The Nazarene.

Holding/Custodian Trustee: Church of the Nazarene British Isles South District (A Charitable Company Limited by Guarantee: Company No 7028764)

Website: www.watfordnazarene.org.uk

Bankers: Lloyds Bank

Independent Examiner: Ms. Gillian Flitt, 37 Finch Lane, Bushey, Herts.

Structure, Governance and management

Structure and Organisation

The charitable incorporated organisation (CIO) was set up on 7 Jan 2015 with registration number 1159827. The church merged with the Woodside Community Church of the Nazarene (WCCN) in 2019, although separate registration has been maintained while the future of the North Watford Church is determined. The charity is mothballed as at 30 Sept 2020, pending the formation of a new Board representing the current users of the building.

Trustee Appointments

In February 2019 the membership of North Watford Church of the Nazarene merged with Watford Woodside Community Church of the Nazarene (registration no 1159330). A joint Board of Trustees was elected and therefore the Woodside Community Church Trustees also acted as Trustees of the North Watford Church. However, as of Sept 2020 the charity is mothballed and the current church plant group who meet in the building is expected to appoint a new Board of Trustees and take over the running of the CIO during 2020/21. A small subset of WCCN Trustees remain as trustees to facilitate the transition.

The Pastor of the church is ex-officio chairperson of the Board of Charity Trustees and their position is reviewed two years from appointment and then every four years after that, most recently in 2019.

Governance and Wider Network

The Board of Trustees meets regularly, normally on a monthly basis, to consider the work and management of the church and assess and plan the financial and other aspects of the work and direction of the charity.

The church/CIO is a member of the Church of The Nazarene British Isles South District (a Charitable Company Limited by Guarantee, Company No 7028764; Charity No 1133336) which in turn is a member of The Global Church of The Nazarene which has its headquarters in Lenexa, USA.

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North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2020

The CIO is governed by an approved governing constituting document drawn up by Anthony Collins, Charity Solicitors, Birmingham and approved by the Charity Commission for England and Wales and HMR&C. The governing document is based on the Manual of the Global Church of The Nazarene where UK law permits.

Risk Management

The risk management strategy of the church is in a continual process of formulation in response to the changing circumstances that could impact upon the work of the church.

The Board of Trustees, in considering this important task, take direction from on-going discussions with members both internally and through meetings with the Church of The Nazarene British Isles South District and other advisers, adopting appropriate policies as required or as they become necessary to the ongoing work of the church.

Objectives and Activities

Charitable Objectives

The charity has the following objectives:

Public Benefit

The Trustees have had due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the charity should undertake. This report illustrates the activities undertaken to support the public benefit requirement.

Review of the Year

General: North Watford Church of the Nazarene merged with Woodside Community Church of the Nazarene at the joint Annual Church meeting of March 2019. In this financial year finances were also merged, with the exception of the North Watford Church and Manse buildings, which remain assets of the North Watford CIO. This was at the request of the British Isles South District Church of the Nazarene, who hope to re-start the CIO in 2020-21 when the current church plant group is sufficiently established to be in a position of appoint a new Board of Trustees who will take over the running of the CIO in due course.

During this financial year the North Watford campus continued to be well utilized until March 2020 when the Covid-19 pandemic caused it to be temporarily closed. We had two church groups meeting in the building on Sundays, plus a pre-school operates in the building from Monday to Friday. These have provided rental income which has covered all running costs and allowed the finances to grow to a healthy level. At the end of this financial year all income from the building and manse, which is temporarily let to a church family, has been gifted to the church plant to allow them to take over responsibility for running of the church buildings.

The aims for the year included:

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North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2020

Significant activities during the period include:

Achievements during the period included:

Of course the work of the church and the pre-school were severely impacted by the government imposed Covid-19 lock-down, but the healthy finances reported last year formed a good basis to minimise the financial impacts and allow the church to resume worship services later in the year. It also impacted the ability of the church plant to form and appoint a Board of Trustees to take over the work of the CIO and this is now targeted for the 20/21 church year.

Volunteers

The work planned, activities undertaken and achievements attained would not have been possible without the active involvement of members and friends of the charity without whom the work of the charity could not be realized. The Board of Trustees is grateful for the work and support of all the members and friends of North Watford Church of The Nazarene and Watford Woodside Community Church of the Nazarene.

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North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2020

Financial Review and notes to the Accounts

The accounts of the charity have been prepared in accordance with the relevant Charity SORP.

Reserves

The charity does not have a formal policy on reserves as the expenditure and work of the charity is reliant upon the ongoing support, tithes and offerings of the members and friends received at the weekly meetings. The Board of Trustees reviews on a monthly basis the anticipated income and expenditure for the next two to three months in order to ensure the ongoing work of the charity.

Financial Review of the Year

The charity has continued to tailor the expenditure it incurs to the income received through rent for use of the building. With the merge of membership with Woodside Community Church in February 2019 all Tithes and Offerings after this date were paid directly into the Woodside church account and there is therefore no income from this source. However, rental income from the two church groups and the preschool group was £9575 and £8577 was spent on the church running costs, resulting in a small surplus of income. Additionally £3420 was spent on Manse expenses, including £2000 for a new shed. The accounts show £9820 in income in December as transfers from Woodside, which was a levelling up repayment for money spent from the North Watford Account in November while Woodside had no access to their own funds following a change of treasurer; This includes £1707 in salary for Pastor Erica and £5146 for staging for the Woodside sanctuary.

After payment of expenses for the year the remaining balance was transferred to the main Woodside Community Church of the Nazarene Account and the North Watford Accounts closed. Transfers to Woodside are shown under the Miscellaneous Charges heading in the expenses sheet.

The balance of £8062 from the closure of the deposit account was donated to the new Portuguese speaking church plant group to enable them to take over running the church building. This was money that had been specifically gifted for use at North Watford.

The income from and maintenance responsibility for the church building passes to the new church plant in 20/21 to give them more autonomy over use of the building. Manse income and expenditure will be accounted through the Woodside accounts going forward until it is determined whether the manse will be required by the church plant in future for pastoral use.

Assets and Liabilities

Cash Funds Held at 30 Sept 2020: Cash Book: £0. Deposit Account: £0.

Buildings and Land: The Assets of the charity are as follows:

The property situate at 19 Balmoral Road, Watford, WD24 4ER. The legal title is held by the Incorporated Trust Corporation, Church of the Nazarene British Isles South District, Company Registered Number: 07028764, on behalf of the local Trustees. This is the church building and has an insured value of £1,120,176.

The property situate at 70 Westfield Avenue, Watford WD24 7HE, the legal title is held by the Incorporated Trust Corporation, Church of the Nazarene British Isles South District, Company Registered Number: 07028764, on behalf of the local Trustees. This is the church house (manse) and has an insured value of £340,621 (building only).

A full schedule of assets within the above properties, which includes white goods and equipment used in support of the activities of the church, is available upon request.

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North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2020

These building assets came under the custodianship of the Watford Woodside Church of the Nazarene following the merger of members and Trustee Boards in February 2019 but have remained property of this CIO at the request of the Church of the Nazarene British Isles South District in anticipation of the new church plant taking over the running of the CIO in due course.

Investment Assets: None.

Liabilities: None.

Trustee Expenses

No Trustees received any remuneration or expenses in this year or the previous year.

Related Party Transactions

There were no related Party Transactions during this year or the previous year.

Plans for Future Periods

The Board of Trustees meets on a monthly basis to plan and look to the future of the charity. Since the merge with the Woodside Community Church of the Nazarene the current plan for the North Watford Church is to generate sufficient income, through rental to other church and community groups, in order to maintain the church in good order. It is expected that in 2020/21 the Portuguese speaking Nazarene church plant will become a properly organized church and take over the responsibility for the North Watford buildings and trusteeship of the charity.

Declaration

The Trustees declare that they have approved the trustees’ report above.

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CHARITY COMMISSION FOR ENGL￿￿ ANO WALES Independent examinerfs report on the accounts Section A Indeper)deiil Examiiier s Report Report to the trustaesl m•mb•rs of On accounls for the year s1 202D Charlty no (If any) 11(9g27 S•t out on pag•8 I report to truste8s my examinati￿ of the aCx￿Unts of the 8bDV8 charity fth8 Trusf) for the year ended 30191 As the charivs trustees, you ar8 respo￿lb10 for the preparation of the accounts In aCc￿danc￿ wllh the requirements of the Charities Act 2011 rthe Acr) R•spon8lbllltlo8 and basls ol report I report in respect of my examln8tion of the T￿￿r8 gLwunt8 carrSed out urKl8r s8cAk)n 145 of the 2011 Aot and in carying out my 8xamlnation, I have follo￿d all the applicablo Dirgctlons glven by the Charlty Commission under 14515Xb) of the ACL Ind•pondent rrhg chatws gross Income e ,000 and 18m qualifled to •xamlnorf8 8tatom•nt uThJ8rtake the exa y being a qualified member of [ins rt name ol applicabl ]]. Del8te I I If not ￿1C8&￿. I have con¥Ath my oxananatlon. l ¢Jxfflm) Uwt no mat8rf81 matters havo come to my attention In wnneclk)n wlih the examlnation (other than that disdosed below.) vthlch gt¥*s mo cause to that In, any materlal rospectr. the a¢¢ounting record8 were not kopt In accordance with section 130 of Ihe Ch8rlU8s Act: or the arxounts did not acxord Wbth the acc4)unllng records: or the accounts did not ¢¢ynply with the appllcable requirements conceming the fomi ar¥J ca)ntsnt of accounls set out In the Chariti&s (Accounts and ftep(Yl¥} ftryuljllwio 2008 other ihan any requiroment that the accounls glve a true fairf vlew whlch18 not a matter Cc￿￿Idered as part of an Independent examln8tlon. I have no (x)rtems and twe o)me auoss no Other matters In connecti the examinaticffl to attention should be drawn in this r8port in order to enabl8 a proper Unders￿ng of the ac(￿nts to b8 re>￿18d. ' Please deletè thg In the brackets Kthey do not apply. Slgned: FknLrr Relevant professlonal qualK1&￿0￿s) or body IER Oct 2018

ff any): I &9 Ct se.ction B Disclosure Only complete rf the examiner needs lo highlight malerial matters of concern (see CC32. Indewdént examlnatkn of dwty acuwrts: directtons and guidan￿ for examim). Glvo horo brlof d•tai18 of any Itgms that the axamlner wlsho8 to dlsclose. IER Oct 2018

FINAIICE SUMIAARY 2019. 2020 INCOME 2019- 2020 TIthM & rrthes & OfferirgB YP Fund Yth Pastor FuTrJ D•partm•nts c&Y Mknc•llan•o Hal Rent £ 9,575. Gift Refunds 1.037.02 ,Mix411OlWLO 2c￿. In & Oul FuTrJ Tr4n8fw8 £ 9.820.48 £ 20,632AO TOTAL £ 20,632.60

EXPENDITURE 2019 - 2020 Senior Salary & Nic Mile￿e Ci)nfeMcg £ 1.707.TT Seni Sen￿( £ 1,707.ri Salary £ 1.707.TI BubldlngB Church 873.64 Church ecth'c 520.C6 Chufth Church Inwrance £ 1.299.59 Church Clwing Mainlwanc• & Repai CFwr¢h £ 5,838.75 £ 1,1￿.91 15. £ &5TI.57 Manse Mgn8e,Wafrr Mans•',Counral Tax Ma Plbjnè & Intemot Manse Insuranc• 223.35 Manse Maintenaru & Ryirs £ 2,C(*J.CQ £ 3.420.12 £ 11,997.89 c&Y 74.20 c&Y Camp oth £ 3,192.(X) 329.19 c&Y £ 3,595.39 224A5 WEF 224.45 O￿n Dtsy 20229 £ 4022.13 ￿1￿•11•￿•0￿¥ CCLI 4Jd¢oon81 Dl8trlca GMTrJ Printvig Chur¢he¥ Tog 8ank Charges Misc Charges In&Out £ 25,31%.>) £ 24638.9) TOTAL £43.36&49

BANK RECONCILITATION Cash Lfjok bala￿ fward Septemtw 2019 22,733.99 Inc￿Tre Od 2019. Sept20201+1 20.632. 43,366.49 Expen¢Jttwe Oct 2019- Seo 2￿201-) Cuh book ￿lanc• 30th S•pt•mbw 2020 43.￿.49 A* per ￿nk ¥tatemwrt 3￿2020 Paid in C￿ta￿j1rrfj {+) Delyts on slatrnent l-l "ust bank balarte R•conclll•tlon k B8lanr £o.c £o.o) Chureh S•¥lng A¢¢wnt 8•l•n¢• •• 0131k7fv2020 00