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:
-
Continuation of weekly Christian worship meetings and promotion of the Christian faith
-
Work with children and young people to promote the Christian faith and provide local social benefit.
-
Continuation of weekly meetings for the more mature individuals in the local area.
-
Continuing to develop links with the local community, to enhance the involvement of the church with and relevant local agencies on behalf of the local community.
-
Continue to partner with and make the church building available to relevant local agencies seeking to benefit the local communities
Significant activities during the period include:
-
Weekly worship services.
-
Meetings held for children and young people for interaction and a safe environment to enable them to grow and develop both spiritually, socially and individually.
-
Weekly meetings for spiritual and personal development, growth and education.
-
Partnering with local Community programmes.
-
Organising a community fun day.
-
Involvement with the local schools.
-
Regular craft meetings promoting social interaction.
-
Provision of the building for community activities.
-
Visitation of both members and others in the local community in times of need or by request.
-
Availability for weddings and funerals and other services of significance
Achievements during the period include:
-
Continued growth of the membership and attendance at the church and of their spiritual and personal development.
-
Continued development of the social and educational opportunities and interaction with the local community through and with organisations that we partner with.
-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
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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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 |
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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:
-
Continuation of weekly Christian worship meetings and promotion of the Christian faith
-
Work with children and young people to promote the Christian faith and provide local social benefit.
-
Continuation of weekly meetings for the more mature individuals in the local area.
-
Continuing to develop links with the local community, to enhance the involvement of the church with and relevant local agencies on behalf of the local community.
-
Continue to partner with and make the church building available to relevant local agencies seeking to benefit the local communities
Significant activities during the period include:
-
Weekly worship services.
-
Meetings held for children and young people for interaction and a safe environment to enable them to grow and develop both spiritually, socially and individually.
-
Weekly meetings for spiritual and personal development, growth and education.
-
Partnering with local Community programmes.
-
Organising a community fun day.
-
Involvement with the local schools.
-
Regular craft meetings promoting social interaction.
-
Provision of the building for community activities.
-
Visitation of both members and others in the local community in times of need or by request.
-
Availability for weddings and funerals and other services of significance
Achievements during the period include:
-
Continued growth of the membership and attendance at the church and of their spiritual and personal development.
-
Continued development of the social and educational opportunities and interaction with the local community through and with organisations that we partner with.
-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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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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