ARC GLOBAL CHURCHES
TRUSTEES REPORT AND FINANCIAL STATEMENT YEAR 2021
CIO Number 1165652
ARC Global Churches
Trustees Report and Financial Statement 2021
CONTENTS
Organisation Details
Trustees and Elders Statement
Aims and Purpose
Objectives
Achievements
Church Planting
Public Benefit
ARC Global Activities
Future Plans
1
Organisational Details
| Charity Name | The ARC |
|---|---|
| Charity (CIO) Registration No. | 1165652 |
| Registered Address | Arc Church, 66A Sebert Road, London E7 0NJ |
| Telephone 0208 555 4245 | |
| Emailinfo@arc4u.org.uk | |
| Bankers | NatWest Bank PLC |
| Stratford Broadway | |
| Ground Floor Gredley House | |
| 1 – 11 Broadway | |
| London E15 4BQ | |
| Independent Examiner | JG & Associates |
| Marco Polo House | |
| 3 – 5 Lansdown Road | |
| Croydon | |
| Surrey CR0 2BX | |
| Accountants | Smith and Johnson Limited |
| Unit 24 Highcroft Industrial Estate | |
| Enterprise Road | |
| Horndean, Waterlooville | |
| Hampshire P08 0BT | |
| Board of Trustees | |
| Mr Peter Nembhard | Chair |
| Mr Richard Bobb-Semple | Trustee |
| Ms Michelle Darko | Trustee |
| Ms Samantha Miranda | Secretary |
| Mr Davis Kunihira | Trustee |
| Mr Colin Glen | Trustee |
| Mr Marvin Johnson | Trustee |
2
Trustees and Elders Statement
For as is one body we have many members, and the members do not all have the same function, so we, though many, are one body in Christ, and individually members one of another. Having gifts and differ according to the grace given us, let us use them: if prophecy, in proportion to our faith; if service, in our serving; the one who teaches, in his teaching; the one who exhorts, in his exhortation; the one who contributes, in generosity; the one who leads, with zeal; the one who does acts of mercy, with cheerfulness. Let Love be genuine. Abhor what is evil; hold fast to what is good. Love one another with brotherly affection. Outdo one another in showing honor. Do not be slothful in zeal, be fervent in spirit, serve the Lord. Rejoice in hope, be patient in tribulation, be constant in prayer. Romans 12:4-7
2021 has been another successful year for ARC Global Churches. ARC Global is now a standard term used across our branches with leaders understanding it is the way we unite as one church. There has been continued solid spiritual, numerical and financial growth during the year. Our churches began to resume normal Sunday services and activities coming out of the Covid-19 pandemic.
Getting back to business as usual has been an interesting journey for many of our churches. The impact of the pandemic has been felt as some members transitioned to new churches whilst new members joined the family having discovered us online during the pandemic. The continued commitment to the wider community continues through care and compassion with the foodbank, pastoral care and the hard work of encouraging members to fellowship again in each others company.
3
2021 has led to new way of doing things with many of our engagements with members now as a hybrid with a mixture of both online and in person meetings. The pandemic allowed us to streamline some meetings keeping them online whilst encouraging individuals to meet in person, not forgetting the assembling of the saints. We have maintained ARC Bible School throughout the year.
The highlight 2021 was the launch of our newest Church plant, ARC 2.0 which went live as a second service in person at our Forest Gate Branch in March 2021. Arc 2.0 which did not have a premises due to a property no longer being available during the pandemic and had to rethink how it was going to be planted. It was decided by the leadership team it could be incubated within Arc Forest Gate building for a period of time to grow before launching out. This has been a very successful church plant as ARC 2.0 has grown exponentially.
We continue to support several organisations, both nationally and internationally, with their work and ministries. ARC Cork continues to grow launched the previous year.
We are confident in 2022 ARC Global partnership of churches will continue to grow and deliver the vision that God has entrusted to us.
Trustees & Elders
ARC Global Churches
4
AIMS and PURPOSE
ARC, an acronym for A Radical Church, held its first service in 1997 with twelve people. It is now home to more than 800 members across 8 locations. The founding members set out to make ARC a relevant, radical and real church in the heart of East London, positively impacting the lives of the people within the community.
A relevant Church is a practical church that purposefully and intentionally adds value to the lives of everyone with which it comes into contact.
Our moto is "Keeping it Simple, Keeping it Radical and always Keeping it Real"
At ARC, we strive to be radical, which means that we are willing to challenge typical church norms to ensure that God’s ultimate purpose is achieved. We aim to be real, where people can be
themselves without condemnation and judgement. We have created a church where everyone can feel welcome and has a sense of belonging. This vision has spread to our churches across our branches both in the UK and internationally when people join us our aim is to connect them to God.
Objectives
The objectives of the charity have remained the same as in previous years.
To advance the Christian faith in accordance with our statement of beliefs
To advance education in accordance with Christian principles
To promote and fulfil other charitable purposes beneficial to the community
These objectives outline our purpose and goals as a charity. They are embodied in the specific activities that we undertake every year.
ARC Global is committed to presenting God in a radical, simple yet real way.
5
Achievements
Across our 8 Churches there has been multiple activities and achievements.
| Baby Dedications | 24 |
|---|---|
| Weddings | 27 |
| Funerals | 9 |
| DISCIPLESHIP | |
| Leadership Training | 2 |
| Baptisms | 19 |
| Online Services | 74 |
| SOCIAL MEDIA PRESENCE | |
| YouTube | 3k + |
| Facebook Followers | 1.9k |
| Instagram Followers | 1.6k |
| Church Planting - ARC 2.0 |
Arc 2.0 is predominantly a congregation of millennials who represent 90% of the congregation.
It has grown to a membership of 200 under the leadership of Omar and Rhona Tackie.
Omar has a strong leadership team of 12 who assist in function of the church. Their growth has caused an urgency for them to find a building to assist their continuing growth.
6
Public Benefit
The Trustee confirm that we have complied with our duty in section 17 of the Charities Act 2011 to have regard to the Charity Commissions general guidance on public benefit.
ARC Global benefits the community it serves through its activities. Resuming regular church gatherings coming out of the Covid-19 Pandemic has taken time for individuals to return. Arc introduce a series of measures to gradually return members throughout the year introducing colour wrist bands for individuals to identifying how to greet people who were sensitive of retuning to large people gatherings, providing a method to greet people without offending their social space. Bookings to attend services was also introduced initially allowing bookings of up to 100 people in the Forest Gate Branch then increasing to 200, and finally resuming to full capacity returns for the congregation towards the end of the year.
Covid compliant measures were used by all our branches as they also resumed back to normal services. Arc has maintained its online presence and it is common to have hybrid meetings where necessary where people can join online and in person.
The ARC foodbank initiative continued to serve the local community in Newham and beyond. Various different initiatives within Arc Global including Children’s ministry, youth ministry activities, discipleship training, Bible School and Pastoral care, each one is designed to help grow and develop members, to serve the community and further the work of the ministry.
7
ARC Global Churches and Activities
ARC Global churches activities reflect Christ in all that we do. These activities help those in need, mentoring and guiding young people in our communities and caring for the elderly. The work of the church is facilitated through prayer, worship and teaching the gospel which is led by our team of lead elders across the branches with their teams.
ARC Global Lead Elder Peter Nembhard ARC Forest Gate Lead Elder Jason Wilson ARC Sydenham Lead Elder Davis Kunihira ARC Thurrock Lead Elder Ashley Gabriel ARC Walthamstow Lead Elder Herbie Thomas ARC Birmingham Lead Elder Ricky Otto ARC Life Dagenham Lead Elder Gary Jarrett Arc Freedom Life Cork Lead Elder James Thornhill-Fisher ARC 2.0 Lead Elder Omar Tackie
ACTIVITIES
ARC Bible School Pastoral Care Youth Mentoring Goons for God - Evangelism Cedars Elderly Day Care Bible Teaching and discipleship Men’s Ministry Women’s Ministry Life Groups Food Bank Missions Church Planting
8
Future Plans
The ARC is continuing with its 2020 vision to grow to 20 branches by 2025. The target is ambitious, and it is becoming apparent that it will not solely be achieved by planting home grown churches. The strategy considers affiliated churches who wish to become part of Arc’s Global partnership of churches. The vision will require, training, leaders, partners, congregations, and God.
Our partners and congregations are excited about achieving this vision to spread the good news of the gospel throughout the UK and beyond.
We have already commenced the work on creating a structure and framework for the affiliated churches to become part of the Global partnerships, and in the new year we intend to solidify some of these partnerships working alongside them as Arc churches.
As the vision encapsulates churches beyond the UK creating the right organisational structure for ARC is necessary for us, as we work towards the vision of growing churches in the UK and abroad.
Immediate future plans following the growth of Arc 2.0 is to acquire a new premises for this congregation to worship. The pandemic highlighted the need for our churches to have their own buildings which is a project we will work towards in the new year.
These projects will continue into 2022 as we seek opportunities to assist the growth of ARC Global.
9
A RADICAL CHURCH ‘THE ARC’
Annual Accounts
31 December 2021
Charity Incorporated Organisation (CIO) Registered Number: 1165652
A RADICAL CHARCH (ARC) ANNUAL REPORT YEAR ENDED 31 MARCH 2021 CHARITY DETAILS
| CHARITY NUMBER | 1165652 |
|---|---|
| STATUS | Charity Incorporated Organisation (CIO) |
| GOVERNING DOCUMENTS | TRUST DEED as of 1stSeptember 1997 ARC |
| Constitution as of 19thFebruary 2016 | |
| TRUSTEES | Mr Peter Nembhard |
| Ms Michelle Kusi-Darko | |
| Mr Colin Glen | |
| Mrs Youkai Samantha Miranda | |
| Mr Davis Kunihira | |
| Mr Richard Bobb-Semple | |
| Mr Marvin Johnson | |
| PRINCIPLE OFFICE | 66a Sebert Road |
| Forest Gate | |
| London | |
| E7 0NJ | |
| Telephone: 020 8555 4245 | |
| Email: info@arc4u.org.uk | |
| www.arc4u.org.uk | |
| BANKER | NATWEST BANK PLC |
| Stratford Broadway | |
| Ground Floor, Gredley House | |
| 1 – 11 Broadway | |
| E15 4BQ | |
| EXAMINERS | JG & ASSOCIATES |
| Marco Polo House | |
| 3-5 Lansdowne Road | |
| Croydon | |
| Surrey | |
| CR0 2BX |
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 2
© ARC, 2021. All rights reserved.
A RADICAL CHARCH (ARC) ANNUAL REPORT TRUSTEES’ REVIEW YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
For the year ended 31[st] December 2021, there was an improvement in the finances compared to last year despite the pandemic.
PRINCIPLE
The sources of funding are collections and donations.
RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain appropriate to the charity’s needs and are satisfied that the present reserves are adequate based on the charity’s size and the level of commitments held.
RISK REVIEW
The trustees conduct periodic reviews of the major risks to which the charity is exposed and systems and procedures to manage those risks identified are implemented so as to minimise any potential impact on the charity should any of those risks materialise.
The ARC maintains a healthy net current asset level and there is no major financial risk identified as of 31 December 2020. With eight staff members by the end of the reporting period, there are health and safety and employment law policies in place. The risks posed by staff are being mitigated through modern management systems and practices, regular systems test and checks including fire drills and alarms. As a matter of general policy, independent professional advice is taken regularly whenever appropriate.
INVESTMENT POLICY
The trustees have considered the most appropriate policy for investing. Due to the surplus from prior years, they have been able to invest in property, which will bring in residual income.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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a) Select suitable accounting policies and apply them consistently;
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b) Make judgements and estimates that are reasonable and prudent;
-
c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
-
d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
© ARC, 2021. All rights reserved. Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 3
A RADICAL CHARCH (ARC) ANNUAL REPORT TRUSTEES’ REVIEW YEAR ENDED 31 DECEMBER 2021
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
APPROVAL
This report was approved by the trustees on 31st October 2022 and signed on their behalf.
Mr Peter Nembhard – Chair
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 4
© ARC, 2021. All rights reserved.
A RADICAL CHARCH (ARC) ANNUAL REPORT EXAMINERS REPORT YEAR ENDED 31 DECEMBER 2021
Independent Examiners report to the trustees of A Radical Church (The ARC)
I report on the accounts of the Trust for the period ended 31[st] December 2021 which are set out on pages 6 to 15.
Responsibility of Examiner
The trustees of the charity are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 act) and that an independent examination is needed. It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Since the Company’s gross income exceeds £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that the examiner is qualified to undertake the examination because they are a member of the Association of Accounting Technicians in England and Wales which is one of the listed bodies.
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 which gives me cause to believe that in, any material respect:
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Which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
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a. the accounting records were not kept in accordance with section 130 of the Charities Act; and
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b. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed …………………………………………………….……….…
Date: 31[st] October 2022
Mr TJ Smith, ICAEW & Miss Joanna Goodridge MICB
© ARC, 2021. All rights reserved.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 5
A RADICAL CHARCH (ARC) ANNUAL REPORT INCOME AND EXPENDITURE YEAR ENDED 31 DECEMBER 2021
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted | Unrestricted | Unrestricted | Restricted | Restricted | £ | £ | ||
|---|---|---|---|---|---|---|---|---|
| INCOMING RESOURCES | Notes | Funds | Funds | 2021 | 2020 | |||
| Donations | 1.2 | 749,185 | 22,393 | 771,578 | 694,818 | |||
| Charitable Activities | 1.2 | 4,013 | 23,565 | 27,578 | 27,773 | |||
| Other TradingActivities | 1.2 | 4,933 | 0 | 4,933 | 2,141 | |||
| Investment Income | 1.3 | 52,200 | 0 | 52,200 | 15,894 | |||
| Other Income | 1.3 | 5,943 | 0 | 5,943 | 0 | |||
| Total £ | 816,274 | 45,958 | 862,232 | 740,626 | ||||
| RESOURCES EXPENDED | ||||||||
| RaisingFund | 3.1 | 112,490 | 11,728 | 124,218 | 70,697 | |||
| CharityActivities | 3.2 | 524,694 | - | 524,694 | 472,520 | |||
| Other | 3.3 | 65 | - | 65 | 100 | |||
| Total £ | 637,249 | 11,728 | 648,977 | 543,317 | ||||
| Netgains(losses)on investments | 0 | 0 | 0 | 0 | ||||
| Net income/(expenditure) £ | 179,025 | 34,230 | 213,255 | 197,309 | ||||
| Transfer between reserves £ | - | - | 0 | 0 | ||||
| Total funds brought forward £ | 956,354 | 43,398 | 999,752 | 802,443 | ||||
| Total funds carried forward £ | 1,135,379 | 77,628 | 1,213,007 | 999,752 |
The notes form part of these financial statements.
Statement of total recognised gains and losses.
The Charity does not have any gains and losses other than the income and Expenditure for the period to report.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 6
© ARC, 2021. All rights reserved.
A RADICAL CHARCH (ARC) ANNUAL REPORT BALANCE SHEET YEAR ENDED 31 DECEMBER 2021
| Notes | 2021 | 2021 | 2020 | 2020 | |||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | |||||
| ASSETS | |||||||
| Tangible assets | 1.8 | 2,367,553 | 2,365,288 | ||||
| Total Fixed Assets £ | 2,367,553 | 2,365,288 | |||||
| CURRENT ASSETS | |||||||
| Debtors | 4.1 | 87,992 | 138,980 | ||||
| Cash at bank and in hand | 4.2 | 467,352 | 238,364 | ||||
| Total current assets £ | 555,344 | 377,344 | |||||
| Creditors: amounts falling due | |||||||
| within one year | 4.3 | (29,005) | (31,966) | ||||
| Net current assets £ | 526,340 | 345,379 | |||||
| Total assets less current liabilities £ | 2,893,893 | 2,710,667 | |||||
| Creditors: amounts falling due after more | |||||||
| than one year | 5 | (652,912) | (682,940) | ||||
| Net assets | 2,240,981 | 2,027,726 | |||||
| Funds of the charity | |||||||
| Funds brought forw ard 1st January | 1,123,722 | 926413 | |||||
| Restricted funds | 34,230 | 25,513 | |||||
| Unrestricted funds | 179,025 | 171,796 | |||||
| Revaluation Reserve | 904,004 | 904,004 | |||||
| Total funds as at 31st December £ | 2,240,981 | 2,027,726 | |||||
These financial statements were approved and signed by the trustees on the31 October 2022:
Mr Peter Nembhard
Mr Davis Kunihira
© ARC, 2021. All rights reserved.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 7
A RADICAL CHARCH (ARC) ANNUAL REPORT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES
The principal accounting policies adopted, judgements, and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
1.1 Basis of accounting
The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest£.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and the receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT, and other sales-related taxes.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 8
© ARC, 2021. All rights reserved.
A RADICAL CHARCH (ARC) ANNUAL REPORT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
1.3 Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs, and are subsequently arrived at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
1.4 Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.5 Fund Accounting
Funds held by the charity are:
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Restricted - these are funds that can only be used in accordance with the charitable specific purpose.
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Unrestricted (general funds) - these are funds that can be used in accordance with the charitable objects at the discretion of the trustees.
1.6 Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity’s income.
1.7 Going concern .
The Trustees consider that the (Name of the Charity) has sufficient resources to continue operating for at least 12 months following the date of approval of these accounts and accordingly these accounts are prepared on a going concern basis.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 9
© ARC, 2021. All rights reserved.
A RADICAL CHARCH (ARC) ANNUAL REPORT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
1.8 Depreciation Tangible Assets
Individual fixed assets costing £1,000 or more are capitalised at cost. Depreciation is provided at the following annual rates on assets in order to write off their cost less any residual value over their estimated useful life. The rates of depreciation are as follow:
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Freehold & Buildings …. …. …. 20% reducing balance
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• Fixtures & Fittings …. …. …. 20% Straight line • Equipment …. …. …. 20% Straight line
| 2021 | 2021 | 2021 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| ~~Freehold~~ & Buildings |
Fixture & Fittings |
Equipment | Total | ||||||
| Cost | £ |
£ | £ | £ | £ | ||||
| Cost at 1 January | 2,317,394 | 109,240 | 110,937 | 2,537,571 | 1,881,015 | ||||
| Additions | - | - | 31,879 | 31,879 | 656,557 | ||||
| Revaluation | - | - | - | - | |||||
| Total at 31 December | 2,317,394 | 109,240 | 142,816 | 2,569,450 | 2,537,572 | ||||
| Depreciation | |||||||||
| Total charged at 1 January | - | 87,944 | 84,340 | 172,284 | 132,316 | ||||
| Charge for the year | - | 9,795 | 19,819 | 29,614 | 39,968 | ||||
| On disposals | - | - | - | ||||||
| At 31 December | - | 97,739 | 104,159 | 201,898 | 172,284 | ||||
| Net book values | |||||||||
| For the year ended 31 December | 2,317,394 | 11,501 | 38,657 | 2,367,552 | 2,365,288 | ||||
1.9 Trustees' remuneration and employee/volunteer costs
| Trusteeship | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| No. ofpaid Trustees | 1 | 2 | ||||
| Trustees’ Renumeration | 2021 | 2020 | ||||
| £ | £ | |||||
| Trustee Employees total salary | 47,319 | 79,753 | ||||
| 47,319 | 79,753 | |||||
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The employer’s pension costs represent contributions payable by the charity to the fund.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 10
© ARC, 2021. All rights reserved.
A RADICAL CHARCH (ARC) ANNUAL REPORT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
| Staffing | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Wages & Salaries | 269,733 | 248,366 | |
| Volunteer Costs | 12 | 0 | |
| Social securitycosts | 11,534 | 21,419 | |
| Pensions | 3,326 | 3,896 | |
| Staff travel | 1,371 | 9,463 | |
| Training | 1,308 | 5,172 | |
| Other costs | 3,866 | 487 | |
| Total £ | 291,151 | 288,803 | |
| No. of staff(exc. Employed Trustees) | 13 | 11 | |
2. INCOMING RESOURCES
2.1 Donations
| 2.1 Donations | |||||||
|---|---|---|---|---|---|---|---|
| Unresticted | Restricted | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| Congregationalgiving | 680,437 | 14,590 | 695,027 | 604,033 | |||
| Married for Life | - | 80 | 80 | 519 | |||
| Cedars | - | 142 | 142 | 3,830 | |||
| Harc | 400 | 400 | 1,349 | ||||
| Gift Aid | 68,748 | - | 68,748 | 85,088 | |||
| Direct Transfer Giving | 5,537 | 5,537 | |||||
| In Person Givingincome | 1,490 | 1,490 | |||||
| OXMAC fund income | 395 | 395 | |||||
| Helpfor the homless fund | (240) | (240) | |||||
| - | |||||||
| 749,185 | 22,393 | 771,579 | 694,819 |
2.2 Charitable Activities
| 2.2 Charitable Activities | 2.2 Charitable Activities | 2.2 Charitable Activities | 2.2 Charitable Activities | 2.2 Charitable Activities | |||
|---|---|---|---|---|---|---|---|
| Unresticted Restricted |
2021 | 2020 | |||||
| £ | £ | £ | £ | ||||
| Tuckshop | - | - | 986 | ||||
| Event Income | 3,600 | - | 3,600 | 1,031 | |||
| Bible College | 23,565 | 23,565 | 21,756 | ||||
| Welfare Grant | - | - | - | 4,000 | |||
| Equipment Hire | 413.00 | 413 | |||||
| 4,013 | 23,565 | 27,578 | 27,773 |
© ARC, 2021. All rights reserved.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 11
A RADICAL CHARCH (ARC) ANNUAL REPORT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
2.3 Other Trading Activities
| 2.3 Other Trading Activities | 2.3 Other Trading Activities | 2.3 Other Trading Activities | |||||
|---|---|---|---|---|---|---|---|
| Unresticted | Restricted | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| Hall Hire | 4,733 | 0 | 4,733 | 2141 | |||
| Baptismalpool rental income | 200 | 0 | 200 | - | |||
| 4,933 | - | 4,933 | 2,141 |
2.4 Investment income
Investment income consists of interest received from saving and deposit accounts at the bank.
| Unresticted | Unresticted | Unresticted | Restricted | Restricted | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Blossoms NurseryIncome | 19,200 | - | 19,200 | 12,800 | |||
| 66 Serbert Road | 33,000 | - | 33,000 | 2,930 | |||
| Bank Interest | - | - | - | 164 | |||
| Minibus Hire Income | - | - | - | - | |||
| 52,200 | - | 52,200 | 15,894 |
2.5 Other Income
| 2.5 Other Income | |||||||
|---|---|---|---|---|---|---|---|
| Unresticted | Restricted | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| Other Giving | 5,943 | - | 5,943 | - | |||
| 5,943 | - | 5,943 | - |
3. RESOURCES EXPENDED
Resources expended are included in the Statement of Financial Activities on an accrual’s basis, inclusive of any VAT that cannot be recovered.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 12
© ARC, 2021. All rights reserved.
A RADICAL CHARCH (ARC) ANNUAL REPORT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
3.1 Raising Funds
| 3.1 Raising Funds | |||||||
|---|---|---|---|---|---|---|---|
| Unresticted | Restricted | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| MinistryExpenses | 17,328.69 | - | 17,329 | 17,329 | |||
| Married for Life | 2,256 | 80 | 2,336 | 2,336 | |||
| Cedars | 230 | 400 | 630 | 630 | |||
| Youth | 196 | 142 | 338 | - | |||
| Missions | 20,558 | 11,106 | 31,665 | 31,665 | |||
| Pastoral Hospitality | 34,147 | 34,147 | 34,147 | ||||
| Event Costs | 37,775 | 37,775 | 13,989 | ||||
| 112,490 | 11,728 | 124,218 | 100,095 | ||||
| 2020 £ 264,872 83,255 36,871 40,347 1,035 2,000 500 1,174 39,968 470,023 |
|||||||
| 3.2 Charity Activities | |||||||
| Staff Costs Building Costs Service Running Costs Administrative Costs Accountancy Fees Independent Examiner Professional Fees Van Costs Depreciation |
Unresticted £ 291,151 80,201 36,871 61,044 5,000 2,500 20,300 1,014 26,613 524,694 |
Restricted £ - - - - - - - - - |
2021 £ 291,151 80,201 36,871 61,044 5,000 20,300 1,014 26,613 522,194 |
||||
3.3 Other Costs
| 3.3 Other Costs | |||||||
|---|---|---|---|---|---|---|---|
| Unresticted | Restricted | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| Bank Fees and Charges | 65 | - | 65 | 2,997 | |||
| Penalties & Fines | - | - | - | 100 | |||
| 65 | - | 65 | 3,097 | ||||
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 13
© ARC, 2021. All rights reserved.
A RADICAL CHARCH (ARC) ANNUAL REPORT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
4. NET CURRENT ASSETS
4.1 Debtors
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Accounts Receivable | 17,175 | 15,971 | ||
| Gift aid due | 68,079 | 85,088 | ||
| Staff Loans | - | - | ||
| Member Loans | 700 | 900 | ||
| Natwest Bank | - | - | ||
| Prepayments | 316 | - | ||
| SundryDebtors | 456 | 416 | ||
| Stripe holdingaccount | 1,309 | 605 | ||
| 88,035 | 102,980 | |||
4.2 Cash and Cash equivalent
Cash and cash equivalent includes cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
| 2020 £ 238,364 238,364 |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Banks operatingaccounts | 467,310 | 238,364 |
| Total £ | 467,310 |
238,364 |
4.3 Creditors: amounts falling due within one year
| 4.3 Creditors: amounts falling due within one year | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Creditors | 4,501 | 31,966 |
| Social Security (HMRC) | 268 | |
| Pension | 243 | |
| Deferred Income | 13,730 | |
| Other creditors | 10,263 | |
| Total £ | 29,005 | 31,966 |
Independent Examination Fees of £2,500 for 2021 has been accrued for in the above figures.
© ARC, 2021. All rights reserved. Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 14
A RADICAL CHARCH (ARC) ANNUAL REPORT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021
5 CREDITORS: amounts falling due more than one year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Mortgage | 652,912 | 682,940 | |
| Total £ | 652,912 | 682,940 |
6. RELATED PARTY TRANSACTIONS
The charity was under the control of the Trustee throughout the current year.
One or more of the trustees have been paid remuneration or have received other benefits from with the charity an employment
The total employment remuneration for trustees and related parties: 2021 - £90,492 2020 - £115,058.
Employer Pension contributions totalled £1,952 in 2021 and £3,896 in 2020.
One or more of the trustees has claimed expenses or had their expenses met by the charity. These expenses were for travel and substance totalling £1,059.
No trustee received income or expenses over £60,000.
© ARC, 2021. All rights reserved.
Registered Charity Number: 1165652 ref : | Annual Report 2021 | page: 15