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2021-09-30-accounts

REGISTERED CHARITY NUMBER: 1163653

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

FRESHGROUND

Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU

FRESHGROUND

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 10
Detailed Statement of Financial Activities 11

FRESHGROUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity has the following objectives:

a) The advancement of the Christian faith as part of the Global Church of The Nazarene and the Church of the Nazarene British Isles South District.

b) To serve and enhance the local community

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.

Volunteers

The work planned, activities undertaken and achievements attained would not have been possible without the active involvement and hard work of all of the members and friends of the charity without whom the substantial work of the charity could not be realised. The Board of Trustees is grateful for the work and support of all the members and friends of Fresh Ground London Church of The Nazarene.

ACHIEVEMENT AND PERFORMANCE Charitable activities

The church premises operated during the year as a coffee shop and as a space available to be used for local community activities in order to engage and provide support to the local community in addition to its primary purpose as a place for Christian worship.

Review of the Year

The aims for the year included:

Significant activities during the period include:

Achievements during the period include:

-1-

FRESHGROUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

FINANCIAL REVIEW

Financial review

The charity has continued throughout the year to meet and tailor the expenditure it incurs to the income received through rent for use of the building and through the tithes, offerings and donations received. There is much more that the Board of Trustees would like to do and we continue to explore these and the use of possible grants that may be available to enable these plans to become a reality.

Reserves policy

The charity does not have a 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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a charitable incorporated organisation (CIO) and was registered with the Charity Comission on 18 September 2015 with registration number 1163653.

Charity constitution

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.

Trustee appointments

The Pastor of the church is ex-officio chairperson of the Board of Charity Trustees and his/her position is reviewed after two years and then every four years after that. The remaining Trustees are appointed annually by the members of Fresh Ground London Church of The Nazarene at the annual general meeting held in February each year.

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.

Decision making and 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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1163653

Principal address

68 Battersea Rise Battersea London SW11 1EQ

-2-

FRESHGROUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Trustees

J Nike Chairperson M Sowerby Lynam S J Lynam L Nike L Durand Mosse J Bennett

The Chairperson is ex officio by virtue of his office as Pastor of Fresh Ground London Church of The Nazarene and the NYI, NMI and Children’s Ministry representatives are also ex officio by virtue of their office within the Church.

Holding Trustee

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

Website: www.freshgroundlondon.com

Bankers: Nat West Bank plc

Independent Examiner

Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU

Approved by order of the board of trustees on 8 February 2022 and signed on its behalf by:

J Nike - Trustee

-3-

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRESHGROUND

Independent examiner's report to the trustees of Freshground

I report to the charity trustees on my examination of the accounts of Freshground (the Trust) for the year ended 30 September 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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.

Jonathan Askew FCA ICAEW Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU

8/02/2022 Date: .............................................

-4-

FRESHGROUND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and other income
2
43,151
Charitable activities
Church activities
17,238
Coffee shop
39,022
Church hall and other rental income
120,760
Total
220,171
EXPENDITURE ON
Charitable activities
3
Church activities
160,998
Coffee shop
21,492
Property costs and utilities
15,902
Total
198,392
NET INCOME
21,779
RECONCILIATION OF FUNDS
Total funds brought forward
56,133
TOTAL FUNDS CARRIED FORWARD
77,912
2020
Total
funds
£
56,329
13,575
44,690
153,595
268,189
21,981
174,518
20,657
217,156
51,033
5,100
56,133

The notes form part of these financial statements

-5-

FRESHGROUND

BALANCE SHEET 30 SEPTEMBER 2021

2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
8,694
CURRENT ASSETS
Debtors
7
4,836
Cash at bank and in hand
67,288
72,124
CREDITORS
Amounts falling due within one year
8
(2,906)
NET CURRENT ASSETS
69,218
TOTAL ASSETS LESS CURRENT LIABILITIES
77,912
NET ASSETS
77,912
FUNDS
9
Unrestricted funds
77,912
TOTAL FUNDS
77,912
2020
Total
funds
£
-
25,859
42,035
67,894
(11,761)
56,133
56,133
56,133
56,133
56,133

The financial statements were approved by the Board of Trustees and authorised for issue on 8 February 2022 and were signed on its behalf by:

J Nike - Trustee

The notes form part of these financial statements

-6-

FRESHGROUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND OTHER INCOME

Donations
Volunteer support and other income
Covid support grants
Grants received, included in the above, are as follows:
Covid Job Retention Scheme
2021
£
16,922
-
26,229
43,151
2021
£
26,229
2020
£
26,753
2,088
27,488
56,329
2020
£
27,488

-7-

FRESHGROUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

3. CHARITABLE ACTIVITIES COSTS

Church activities
Coffee shop
Property costs and utilities
Grant
Direct
funding of
Costs
activities
£
£
156,878
4,120
21,492
-
15,902
-
194,272
4,120
Totals
£
160,998
21,492
15,902
198,392

4. TRUSTEES' REMUNERATION AND BENEFITS

Rev J Nike and Rev M Sowerby Lynam who are both trustees of the charity each received a salary in relation to their role as Pastor of £25,720 and £18,857 respectively for the year. These payments are permitted under the constitution of the charity and were approved by the other trustees..

No trustees received expenses in the year in relation to their role as trustees.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and other income 56,329
Charitable activities
Church activities 13,575
Coffee shop 44,690
Church hall and other rental income 153,595
Total 268,189
EXPENDITURE ON
Charitable activities
Church activities 21,981
Coffee shop 174,518
Property costs and utilities 20,657
Total 217,156
NET INCOME 51,033
RECONCILIATION OF FUNDS
Total funds brought forward 5,100
TOTAL FUNDS CARRIED FORWARD 56,133

-8-

FRESHGROUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. TANGIBLE FIXED ASSETS

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
Additions 9,619 1,973 11,592
DEPRECIATION
Charge for year 2,405 493 2,898
NET BOOK VALUE
At 30 September 2021 7,214 1,480 8,694
At 30 September 2020 - - -
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Rents receivable 1,739 11,662
Other debtors 500 -
VAT recoverable 2,597 14,197
4,836 25,859
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Other creditors 2,906 11,761
9. MOVEMENT IN FUNDS
Net
At movement At
1/10/20 in funds 30/9/21
£ £ £
Unrestricted funds
General fund 56,133 21,779 77,912
TOTAL FUNDS 56,133 21,779 77,912
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 220,171 (198,392) 21,779
TOTAL FUNDS 220,171 (198,392) 21,779

-9-

FRESHGROUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1/10/19 in funds 30/9/20
£ £ £
Unrestricted funds
General fund 5,100 51,033 56,133
TOTAL FUNDS 5,100 51,033 56,133
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 268,189 (217,156) 51,033
TOTAL FUNDS 268,189 (217,156) 51,033

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2021.

-10-

FRESHGROUND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

INCOME AND ENDOWMENTS
Donations and other income
Donations
Volunteer support and other income
Covid support grants
Charitable activities
Coffee shop income
Income from other activities
Income from use of hall and other rental income
Total incoming resources
EXPENDITURE
Charitable activities
Coffee shop costs
Church activities and costs
Property maintenance and utilities
Depreciatin - fittings and equipment
Depreciation of computers and related assets
Grants to institutions
Total resources expended
Net income
2021
£
16,922
-
26,229
43,151
39,022
17,238
120,760
177,020
220,171
21,492
151,085
18,797
2,405
493
4,120
198,392
198,392
21,779
2020
£
26,753
2,088
27,488
56,329
44,690
13,575
153,595
211,860
268,189
166,254
30,245
20,657
-
-
-
217,156
217,156
51,033

This page does not form part of the statutory financial statements

-11-

REGISTERED CHARITY NUMBER: 1163653

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

FRESHGROUND

Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU

FRESHGROUND

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 10
Detailed Statement of Financial Activities 11

FRESHGROUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity has the following objectives:

a) The advancement of the Christian faith as part of the Global Church of The Nazarene and the Church of the Nazarene British Isles South District.

b) To serve and enhance the local community

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.

Volunteers

The work planned, activities undertaken and achievements attained would not have been possible without the active involvement and hard work of all of the members and friends of the charity without whom the substantial work of the charity could not be realised. The Board of Trustees is grateful for the work and support of all the members and friends of Fresh Ground London Church of The Nazarene.

ACHIEVEMENT AND PERFORMANCE Charitable activities

The church premises operated during the year as a coffee shop and as a space available to be used for local community activities in order to engage and provide support to the local community in addition to its primary purpose as a place for Christian worship.

Review of the Year

The aims for the year included:

Significant activities during the period include:

Achievements during the period include:

-1-

FRESHGROUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

FINANCIAL REVIEW

Financial review

The charity has continued throughout the year to meet and tailor the expenditure it incurs to the income received through rent for use of the building and through the tithes, offerings and donations received. There is much more that the Board of Trustees would like to do and we continue to explore these and the use of possible grants that may be available to enable these plans to become a reality.

Reserves policy

The charity does not have a 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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a charitable incorporated organisation (CIO) and was registered with the Charity Comission on 18 September 2015 with registration number 1163653.

Charity constitution

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.

Trustee appointments

The Pastor of the church is ex-officio chairperson of the Board of Charity Trustees and his/her position is reviewed after two years and then every four years after that. The remaining Trustees are appointed annually by the members of Fresh Ground London Church of The Nazarene at the annual general meeting held in February each year.

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.

Decision making and 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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1163653

Principal address

68 Battersea Rise Battersea London SW11 1EQ

-2-

FRESHGROUND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Trustees

J Nike Chairperson M Sowerby Lynam S J Lynam L Nike L Durand Mosse J Bennett

The Chairperson is ex officio by virtue of his office as Pastor of Fresh Ground London Church of The Nazarene and the NYI, NMI and Children’s Ministry representatives are also ex officio by virtue of their office within the Church.

Holding Trustee

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

Website: www.freshgroundlondon.com

Bankers: Nat West Bank plc

Independent Examiner

Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU

Approved by order of the board of trustees on 8 February 2022 and signed on its behalf by:

J Nike - Trustee

-3-

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRESHGROUND

Independent examiner's report to the trustees of Freshground

I report to the charity trustees on my examination of the accounts of Freshground (the Trust) for the year ended 30 September 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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.

Jonathan Askew FCA ICAEW Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU

8/02/2022 Date: .............................................

-4-

FRESHGROUND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and other income
2
43,151
Charitable activities
Church activities
17,238
Coffee shop
39,022
Church hall and other rental income
120,760
Total
220,171
EXPENDITURE ON
Charitable activities
3
Church activities
160,998
Coffee shop
21,492
Property costs and utilities
15,902
Total
198,392
NET INCOME
21,779
RECONCILIATION OF FUNDS
Total funds brought forward
56,133
TOTAL FUNDS CARRIED FORWARD
77,912
2020
Total
funds
£
56,329
13,575
44,690
153,595
268,189
21,981
174,518
20,657
217,156
51,033
5,100
56,133

The notes form part of these financial statements

-5-

FRESHGROUND

BALANCE SHEET 30 SEPTEMBER 2021

2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
8,694
CURRENT ASSETS
Debtors
7
4,836
Cash at bank and in hand
67,288
72,124
CREDITORS
Amounts falling due within one year
8
(2,906)
NET CURRENT ASSETS
69,218
TOTAL ASSETS LESS CURRENT LIABILITIES
77,912
NET ASSETS
77,912
FUNDS
9
Unrestricted funds
77,912
TOTAL FUNDS
77,912
2020
Total
funds
£
-
25,859
42,035
67,894
(11,761)
56,133
56,133
56,133
56,133
56,133

The financial statements were approved by the Board of Trustees and authorised for issue on 8 February 2022 and were signed on its behalf by:

J Nike - Trustee

The notes form part of these financial statements

-6-

FRESHGROUND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND OTHER INCOME

Donations
Volunteer support and other income
Covid support grants
Grants received, included in the above, are as follows:
Covid Job Retention Scheme
2021
£
16,922
-
26,229
43,151
2021
£
26,229
2020
£
26,753
2,088
27,488
56,329
2020
£
27,488

-7-

FRESHGROUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

3. CHARITABLE ACTIVITIES COSTS

Church activities
Coffee shop
Property costs and utilities
Grant
Direct
funding of
Costs
activities
£
£
156,878
4,120
21,492
-
15,902
-
194,272
4,120
Totals
£
160,998
21,492
15,902
198,392

4. TRUSTEES' REMUNERATION AND BENEFITS

Rev J Nike and Rev M Sowerby Lynam who are both trustees of the charity each received a salary in relation to their role as Pastor of £25,720 and £18,857 respectively for the year. These payments are permitted under the constitution of the charity and were approved by the other trustees..

No trustees received expenses in the year in relation to their role as trustees.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and other income 56,329
Charitable activities
Church activities 13,575
Coffee shop 44,690
Church hall and other rental income 153,595
Total 268,189
EXPENDITURE ON
Charitable activities
Church activities 21,981
Coffee shop 174,518
Property costs and utilities 20,657
Total 217,156
NET INCOME 51,033
RECONCILIATION OF FUNDS
Total funds brought forward 5,100
TOTAL FUNDS CARRIED FORWARD 56,133

-8-

FRESHGROUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. TANGIBLE FIXED ASSETS

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
Additions 9,619 1,973 11,592
DEPRECIATION
Charge for year 2,405 493 2,898
NET BOOK VALUE
At 30 September 2021 7,214 1,480 8,694
At 30 September 2020 - - -
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Rents receivable 1,739 11,662
Other debtors 500 -
VAT recoverable 2,597 14,197
4,836 25,859
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Other creditors 2,906 11,761
9. MOVEMENT IN FUNDS
Net
At movement At
1/10/20 in funds 30/9/21
£ £ £
Unrestricted funds
General fund 56,133 21,779 77,912
TOTAL FUNDS 56,133 21,779 77,912
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 220,171 (198,392) 21,779
TOTAL FUNDS 220,171 (198,392) 21,779

-9-

FRESHGROUND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1/10/19 in funds 30/9/20
£ £ £
Unrestricted funds
General fund 5,100 51,033 56,133
TOTAL FUNDS 5,100 51,033 56,133
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 268,189 (217,156) 51,033
TOTAL FUNDS 268,189 (217,156) 51,033

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2021.

-10-

FRESHGROUND

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

INCOME AND ENDOWMENTS
Donations and other income
Donations
Volunteer support and other income
Covid support grants
Charitable activities
Coffee shop income
Income from other activities
Income from use of hall and other rental income
Total incoming resources
EXPENDITURE
Charitable activities
Coffee shop costs
Church activities and costs
Property maintenance and utilities
Depreciatin - fittings and equipment
Depreciation of computers and related assets
Grants to institutions
Total resources expended
Net income
2021
£
16,922
-
26,229
43,151
39,022
17,238
120,760
177,020
220,171
21,492
151,085
18,797
2,405
493
4,120
198,392
198,392
21,779
2020
£
26,753
2,088
27,488
56,329
44,690
13,575
153,595
211,860
268,189
166,254
30,245
20,657
-
-
-
217,156
217,156
51,033

This page does not form part of the statutory financial statements

-11-

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