**Brixham Community Church Unaudited Financial Statements Year to 31 December 2021**
**Company Registration Number 09660899 Charity Registration Number 1163200**
## **Brixham Community Church**
## Financial Statements
Year to 31 December 2021
|**Contents**|**Contents**||**Page**|
|---|---|---|---|
|Trustees' Report|||1|
||||4|
|Statement of Financial Activities|||5|
|Balance Sheet|||6|
|Notes to the Financial Statements|||7|
## **Brixham Community Church**
## Year to 31 December 2021
The trustees, who are also the directors for the purposes of company law present their report and the unaudited financial statements of the charitable company for the Year to 31 December 2021.
## **Reference and administrative details**
Principal address and registered office 6 Fern Close Brixham Devon TQ5 9SZ Bankers HSBC Bank Plc Accountants and independent examiner Martin Hobbs BSc ACA Francis Clark LLP Chartered Accountants Sigma House, Oak View Close Torquay TQ2 7FF Trustees during the period Verity Hyde Paul Black Jonathan Petts Mark Goodyear (appointed 15 March 2021)
## **Status**
The charitable company is limited by guarantee, having no share capital. Under the provisions of Section 60 of the Companies Act 2006, the company is entitled to omit the word "Limited" from its name. The governing document of the charitable company is its Memorandum and Articles of Association.
## **Objects and Activities of the Charity**
The objects of the church are for the benefit of the public:
A) to advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit;
B) 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 Church Council from time to time may think fit; and
C) to advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit.
## Sunday Meetings
For the first half of the year our Sunday meetings were still being held on Zoom. Attendance figures stabilized at around 45-50 people joining. The meetings lasted around 60 minutes and offered opportunity for open prayer, sharing worship songs together and bible-based talks and conversation.
By August 2021 we were able to hire the Spark Studio on Metherell Avenue, Brixham, and meet following current government guidance. Attendance was at an average of 45 attendees, a drop from pre-COVID days. Nevertheless, our income from offerings did not drop by the same measure due to many giving by direct banking rather than inprogramme. Some members chose to watch from home via social media.
1
## **Brixham Community Church**
## continued
## Year to 31 December 2021
## Wednesday Night Zoom
A prayer meeting and bible study took place every week on Zoom throughout the year. Attendance fluctuated from 10-20 attendees but importantly provided connection to some of our more vulnerable members who were now housebound.
## Preaching Team
BCC benefits from a number of gifted speakers. While the Team Leader (Minister) brought around 50% of the messages on a Sunday morning throughout 2021, members have benefited from the variety offered by different styles and personalities of around half a dozen preachers.
## Social Activities
Everyone at BCC is encouraged to engage in a wide and varied social calendar that helps build friendship and a caring and supportive community. Naturally this was significantly curtailed due to COVID but by the end of the year people were able to meet for coffee, go for walks and encourage one another in the faith. A picnic was held in the summer and at Christmas a carol service was well attended despite new temporary restrictions coming in from the government at that time.
## Community Engagement
Because of the faith they share, many members of the church have involved themselves in other charitable events. This has been encouraged by the leadership of the church who champion those who reach out to the local community. Some examples include the Haven, Torbay, who work with the homeless, Torbay Winder Night Shelter, YES Brixham, and the Front Room Café.
For the best part of 2021 much of this involvement was impossible. The leadership team encouraged members of the church to reach out to their neighbours as restrictions allowed by making the effort to befriend those on their street and pray for them, building a sense of community.
## Working with other churches
Two trustees have regularly met with leaders from the Baptist, Methodist, Salvation Army and Anglican Churches for prayer, fellowship and idea sharing. From this connection, plans were being formed for a combined event in 2022.
## Overseas Missions
home in Kenya and a church in India receive regular financial support. Other charities (e.g. Brixham food bank, World Of Worth www.wowuk.org) were supported because they too have congruent aims and
## **Achievements and performance**
The above sections illustrate the difference BCC makes to Brixham and beyond. By encouraging social connection, people have found an answer to loneliness. New friendships have formed which have led to people meeting outside of church events that would otherwise not have happened. People have been able to not only find fellowship but an opportunity to discuss life questions and hear different opinions. Sunday meetings remain the main focus of the church activity where everyone comes together. Here both the music and the message build an atmosphere of faith and hope. From all these benefits, the ripple effects go out as those encouraged in the faith contribute in the community, helping those who do not belong to the church, whether they are a homeless person o
perspective to members.
2
**Brixham Community Church**
## continued
## Year to 31 December 2021
public benefit in deciding which
activities that Charity should undertake.
## **Structure, governance and management**
The company was incorporated 25 June 2015 and was dormant until 1 Jan 2020 when all the assets of the Old Charity were transferred to the Charitable company.
Trustees are appointed to the board by recommendation of the Church Council and mutual agreement of the existing trustees.
## **Financial review**
The charity has remained financially viable during 2021 through the giving of its regular supporters and the careful managing of resources. Due to the sale of a parcel of land in the previous period there only remained two promissory note holders who were still owed funds, but a larger sum was still due to come in from the buyer of the land. Additional financial planning involved working towards building up a reserve fund.
## **Assessment of going concern**
economy from the COVID-19 pandemic. This has been considered in budgeting resources for the next financial year.
## **Reserves**
The trustees plan to retain a modest level of reserves as a contingency fund against future demands on the
## **Small Company Provisions**
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Signed on behalf of the Trustees
Jonathan Petts Trustee
3
## **Brixham Community Church**
## Report to the Trustees
## Year to 31 December 2021
I report to the charity trustees on my examination of the accounts of the Company for the Year to 31 December 2021.
## **Responsibilities and basis of report**
(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
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 Act 201 out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other as part of an independent examination; or
4. 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.
## **Martin Hobbs BSc ACA**
Francis Clark LLP Chartered Accountants Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF
Date:
4
## **Brixham Community Church**
Statement of Financial Activities (incorporating an Income and Expenditure Account)
## Year to 31 December 2021
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
**Income from:**
Collections
**45,019**
**-**
Gift Aid
**7,654**
**-**
Interest
**345**
**-**
Donations from old Charity
**-**
**-**
**Total**
**53,018**
**-**
**Expenditure on:**
Church activities
**10,691**
**-**
Wages and salaries**36,914**
**-**
Administrative expenses
**2,706**
**-**
Bank and loan interest
**1,990**
**-**
Other expenses
**2,103**
**-**
**Total**
**54,404**
**-**
**Net (expenditure)/ income**
(**1,386)**
**-**
Total funds brought forward
**625,596**
**-**
Total funds carried forward
**624,210**
**-**|**Total Unrestricted**
**2021**
**Funds**
**£**
**£**
**45,019**
76,269
**7,654**
10,926
**345**
6
**-**
593,774
**53,018**
680,975
**10,691**
8,933
**36,914**
37,683
**2,706**
2,809
**1,990**
1,977
**2,103**
3,977
**54,404**
55,379
**(1,386)**
625,596
**625,596**
-
**624,210**
625,596|**Restricted**
**Total**
**Funds**
**2020**
**£**
**£**
-
76,269
**-**
10,926
-
6
**-**
593,774
-
680,975
-
8,933
-
37,683
-
2,809
-
1,977
-
3,977
-
55,379
-
625,596
-
-
-
625,596|
|---|---|---|
All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.
5
## **Brixham Community Church**
## Balance Sheet
## 31 December 2021
|**Notes**
**31 December**
**2021**
**£**
**Fixed Assets**
Tangible assets
**5**
**508,401**
**________**
**Current assets**
Debtors
6
**150,000**
Cash at bank and in hand
**38,531**
**188,531**
**Liabilities**
Creditors falling due within one year
**7**
**(72,722)**
**Net Current Assets**
**115,809**
**Total assets less current liabilities**
**624,210**
Unrestricted funds
**8**
**624,210**
**Total funds**
**624,210**|30 June
2020
**£**
508,401
**_______**
150,000
41,321
191,321
(74,126)
117,195
625,596
625,596
625,596|
|---|---|
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
- (i) ensuring that the company keeps adequate accounting records which comply with section 386 of the Act, and
- (ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395, and which otherwise comply with the requirements of the Act relating to financial statements, so far as is applicable to the company.
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act.
These financial statements were approved and signed by the trustees and authorised for issue , and are signed on their behalf by:
Jonathan Petts Director
Company Registration Number: **09660899**
6
## **Brixham Community Church**
Notes to the Financial Statements
Year to 31 December 2021
## **1 Accounting Policies**
## **Basis of accounting**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **a) Basis of preparation of financial statements and assessment of going concern**
The financial statements have been prepared under the historical cost convention and in accordance with 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) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Brixham Community Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The functional and presentational currency of these financial statements is sterling.
The trustees consider that there are no material uncertainties about the a going concern.
## **b) Income**
Income is recognised when the charity has entitlement to funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Capital grants receivable are credited to the SOFA as they become receivable and are treated as restricted funds. The depreciation on the assets to which the grants relate is charged against these funds.
## **c) Fund accounting**
Unrestricted funds are funds available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds received which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
## **d) Expenditure**
Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes irrecoverable VAT.
## **e) Fixed Assets**
Furniture and equipment in the church premises was transferred from the old charity to the Charitable company on 1 January 2020 at their net book value at that date. Subsequent additions are included at cost.
7
**Brixham Community Church**
## Notes to the Financial Statements
## Year to 31 December 2021
## **1 Accounting Policies** _**(continued)**_
## **Depreciation**
details.
## **f) Financial instruments**
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company holds the following financial instruments, all of which are considered to be basic:
- Short term debtors and creditors
- Cash and bank balances
## **g) Critical accounting judgements and sources of key estimation uncertainty**
required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements and estimates that the trustees have made in the the amounts recognised in the financial statements.
## _**Critical judgements**_
- Key management personnel comprises the trustees.
## **Critical estimates**
- No depreciation is provided on church premises, as the trustees consider that the residual value of the premises at the end of their useful life is such that depreciation would be immaterial. The charity has a policy and practice of regular maintenance and repair such that these assets are kept to their previously assessed standard of performance, and the premises are unlikely to suffer from economic or technological obsolescence. As a result the useful economic life of these premises are expected to be very long.
## **2 Company Limited by Guarantee**
The company is limited by guarantee and has no share capital. In the event of a winding-up, the liability of the members is limited to £1 each. The Charity is incorporated in England and Wales. The address of its registered office is: 6 Fern Close, Brixham, England, TQ5 9SZ
8
**Brixham Community Church**
## Notes to the Financial Statements
## Year to 31 December 2021
## **3 Net income/(expenditure)**
Net income/(expenditure) is stated after charging:
|For independent examination
For other accountancy services
**4**
**Staff costs**
Wages and salaries
Social security costs
Pension contributions for one employee|**2021**
**£**
**500**
**700**
**1,200**
**2021**
**£**
**27,194**
**7,608**
**2,112**
**36,914**|2020
£
500
500|
|---|---|---|
|||1000
2020
£
27,148
8,423
2,112
37,683|
The charity employed an average of one member of staff during the year (2020 - one).
During the year, remuneration totalling £36,914 (2020 - £37,683) was paid to one trustee under the
In addition, expenses totalling £374 were reimbursed to one trustee (2020 - £533 to one) mainly for telephone internet and stationery costs.
The charity has loans of £21,500 from Paul Black, a trustee, and his family.
## **5 Tangible fixed assets**
|**Freehold**
**Property**
**£**
**Cost**
At 1 January 2021
**508,401**
**At 31 December 2021**
**508,401**
**Depreciation**
At 1 January 2021
**-**
**At 31 December 2021**
**-**
Net book value
**At 31 December 2020 and 2021**
**508,401**|**Total**
**£**
**508,401**
**508,401**
**-**
**-**
**508,401**|
|---|---|
9
## **Brixham Community Church**
## Notes to the Financial Statements
## Year to 31 December 2021
## **6 Debtors**
|**7**
**Creditors:**amounts falling due within one year
Other debtors
Loans
Accruals|**2021**
**£**
**150,000**
**150,000**
**2021**
**£**
**58,500**
**14,222**
**72,722**|**2020**
**£**
150,000
150,000
**2020**
**£**
58,500
15,626
74,126|
|---|---|---|
||||
Included within accruals is £10,921 in relation to interest payable on loans (2020 - £8,945).
## **8 Analysis of movement in funds**
||**Balance at**|||**Balance at**|
|---|---|---|---|---|
||**1 January**|**Incoming**|**Resources**|**31 December**|
||**2021**|**resources**|**expended**|**2021**|
||**£**|**£**|**£**|**£**|
|General funds|625,596|53,018|(54,404)|**624,210**|
||625,596|53,018|(54,404)|**624,210**|
## **Comparative information in respect of the preceding period is as follows:**
|
General funds|**Balance**
**at 1 July**
**2019**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Balance at**
**31 December**
**2020**
**£**
-
680,975
(55,379)
**625,596**
-
680,975
(55,379)
**625,596**|
|---|---|
10