Registered Company: 10226872 Registered Charity: 1168288
OPEN DOOR CHURCH (ST NEOTS)
TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
| Contents: | Page |
|---|---|
| Reference And Administrative Details | 1 |
| Trustees’ Annual Report (Including Directors Report) | 2 |
| Independent Examiner’s Report | 6 |
| Statement Of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes To The Financial Statements | 9 |
Open Door Church
OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
REFERENCE AND ADMINISTRATIVE DETAILS
CHARITY COMMISSION NO.: 1168288 COMPANY NO.: 10226872
TRUSTEES AND DIRECTORS:
Mr A Hassall Mr I Hoile Mr M Thomas Mr A Powers Mr R Owen (Resigned March 2021) Dr A Harding-Bell (Appointed July 2020)
RESPONSIBLE INDIVIDUALS
Treasurer ADDRESS
Elders : Ian Hoile Antony Powers Christopher Jarvis Antony Powers
Suites 2 – 6 31A St Neots Road Eaton Ford St. Neots Cambridgeshire PE19 7BA
INDEPENDENT EXAMINER
Kevin Barrett FCCA Thompsons Accountancy Services Ltd Grove House, 1 Grove Place, Bedford MK40 3JJ
PRINCIPAL BANKERS
CAF Bank Ltd 25 Kings Hill Ave. Kings Hill West Malling Kent ME19 4JQ
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS REPORT)
The trustees, who are also the directors of the charitable company for the purposes of company law, present herewith their annual report, together with the financial statements of the charity for the year ended 31st March 2021. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The Financial Statements have been prepared in accordance with the accounting policies set out in Note 1 to the Accounts and comply with the company’s Memorandum and Articles of Association, the Charities Act 2011, 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 issued in October 2019 (FRS 102).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Open Door Church (St Neots) hereinafter referred to as The Open Door Church (or abbreviated as ODC) is registered as a charitable company limited by guarantee. The Memorandum and Articles of Association were approved in May 2016 and the company was incorporated on 11[th] June 2016. The Open Door Church, St Neots was previously a charitable trust (charity reg. no. 1044102) which was registered in December 1994, all assets from the trust were transferred to the company on 1[st] April 2017.
The Memorandum and Articles of Association define the charitable objective as: For the public benefit, the advancement of the Christian religion in St Neots, Cambridgeshire and district and such other parts of the United Kingdom and the world as the Trustees may from time to time decide.
Trustees are elected by the Elders of the Church, and details of those people who were trustees at the date of this report and at any time during the period covered by this report are given on page 1. The Trustees meet at least annually to review church governance and finances and to agree the budget for the year including staff salaries and pension contributions. All major financial agreements are agreed and approved by the Trustees.
The Elders are responsible for the outworking of the budget and for day-to-day operation of the charitable activities.
The Church operates in association with New Frontiers and the Catalyst Network of Churches.
PUBLIC BENEFIT
The charity trustees have exercised their powers with due regard to the guidance on public benefit published by the Charity Commission to promote the charity's Objectives through our main activities, which are described in detail in the Review of Activities below. Our work through our Transforming Lives for Good Centre, as a Foodbank distribution centre, kids work and other community activities are all to the public benefit.
SUMMARY FINANCIAL ACTIVITIES
Donations and gift aid of £254,388 have been received during the year (2020 - £247,557) and the net assets have increased by £25,457 (2020 - £11,753). Restricted funds stand at £428,377 (2020 - £418,295) and unrestricted at £68,474 (2020 - £53,099). As a policy reserves are held at a level to provide at least 3 months of expenditure, excess reserves are allocated to our fund for purchase of a building.
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
RESTRICTED FUNDS
The following funds are restricted and not for use in general expenditure.
Transforming Lives for Good (TLG) – Our TLG project works with schools in St Neots providing one-to-one counselling for pupils who are in danger of exclusion from school. This fund is used for giving to the central TLG resourcing team and expenses of running our local centre.
Giles – The charity has been supporting Graham and Sarah Giles in their work in Zimbabwe by way of financial contribution for a number of years, we also administer the gathering of donations and gift aid specifically given for this work.
Building Fund – We are working towards the goal of purchasing our own building to use for all of our activities (see the Review of Activities). Gifts have therefore been given whose sole intent is to provide funding for a building and related costs of purchase and refitting and these funds have been separated from our general giving.
COVID Hardship Fund - a fund created this year to support those in financial hardship due to the Coronavirus pandemic.
LOANS
A number of churches with whom The Open Door Church has a good relationship have their own building projects and we have been privileged to assist these churches in their projects by loaning them short-term amounts to complete parts of their projects. These amounts have usually been loaned from our own building fund but on the basis of repayment within 3 months should our own project require the funds. The final £10,000 balance of the outstanding loan to The Bridge Church, St Ives was repaid in year. The Bridge Church also donated £3133.75 to the building fund in lieu of interest.
DESIGNATED FUNDS
The trustees have decided that £60,000 of general reserves will be designated to the Building Fund as we continue to build towards the goal of owning our own property. This also brings the general reserves into line with the change in policy to hold 3 months of reserves rather than 6 months which is more aligned with current Charities Commission guidance.
ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE
CORONAVIRUS CHANGES MUCH, BUT THE CHURCH CANNOT BE CLOSED
Like the rest of the world, the Coronavirus pandemic has had a huge impact on ODC over the past year. So many of our usual routines have not been possible and we’ve become accustomed to adapting plans quickly with every new announcement of Government guidelines. This worldwide crisis has had a huge local impact for both ODC and our town, creating significant challenges and unexpected opportunities.
ONLINE CHURCH:
When Covid-19 hit we had to respond quickly and move everything online, including our Sunday services. The Churchonline platform has served us well for pre-recorded content with live chat function, plus a host team available to welcome people and pray with those requesting it. A particular aim has been to get many different people on screen, as seeing faces helps us remember we are still a family together. As we’ve grown more confident in producing content, we’ve tried new ways of doing things and have encouraged creativity wherever we can.
We are hugely grateful to all those who have learnt new skills and worked so hard to make this possible. This is particularly true of Matt who has produced our online service as a volunteer week after week. We are delighted that he has now joined the staff team as an intern.
In the second half of the year we discovered the benefit of using Zoom to gather the whole church, which brings a greater degree of interaction between people. Our Sunday meetings involving Bible
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
study, live worship, prayer rooms and activities specifically for Kids and Youth have brought a fresh sense of being church together and have been very well received.
GROUP LIFE:
Small Groups and Discipleship Groups became even more important this year, enabling people to continue to connect online, or outside in small numbers when restrictions allowed. We have really benefited from our new seasonal Group Life, with a twice yearly opportunity to refresh what we offer and encourage people to get involved. The take up from our latest sign up in February was very encouraging, with many people opting into groups.
YOUTH & KIDS:
It has not been an easy task to keep our young people and children engaged and connected over this year. Tracy has done a fantastic job of producing Kids content for parents to use at home, as well as running online events such as a Light Party, Christmas activities and more recently regular Zoom gatherings for various age groups.
Our Youth have stayed connected where possible, sometimes meeting to walk and talk, running discipleship courses online and using the ODCC when possible. We are really excited about the recent appointment of our new Youth Team leaders and the difference this will make for our young people as we move forward.
The Higher Tour went ahead in our local secondary schools and although not as originally planned, we were still instrumental in delivering this digitally. Once again the excellent relationship we have with senior school staff was evident and will continue to open doors for us.
PRAYER TEAMS:
Over the past year, we have been encouraged to see a number of prayer teams emerge with people praying regularly and specifically for the church, our local area, our nation and the world. The area of prayer is one we feel particularly stirred to see grow over the coming year.
DIGITAL COMMUNICATION:
It was helpful that we were working on a new website before the pandemic. The launch of this, plus a raised profile on social media, was timely in keeping people informed and connected. In addition, our new administrative tool ChurchSuite is proving very helpful behind the scenes.
COMMUNITY SUPPORT:
Of course there have been lots of opportunities to support one another in the church and out into our local community. This has included people shopping, dog walking, visiting and phone calling, volunteering at a vaccine centre and much more.
We set up a Hardship Fund for those in financial difficulty as a result of the pandemic and encouraged giving towards the Catalyst Emergency Fund, supporting people around the globe with food and medication, including our good friends in Mazwi, Zimbabwe.
CONNECTING WITH NEW PEOPLE:
Although there have been plenty of challenges this year, we have found some unexpected opportunities and been encouraged to still be connecting with new people, including some who wouldn’t have previously engaged. This has included people moving into the area, others who have begun to explore the Christian faith, as well as family and friends who live further away. We now have people joining us on Sundays and some who have been added into the church, who we’ve yet to meet in person!
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
Our first online Alpha worked well and we will continue to offer online opportunities like this even after the pandemic.
2021-22 WHAT HAPPENS NEXT?
THE CHURCH BACK TOGETHER
As the Government restrictions begin to lift we are excited about bringing the church family back together. There will be much joy and celebration in seeing one another again and worshipping God together. However, we are not simply aiming to return to our previous routines, but recognise the need for careful consideration as to what the church looks like and how we will operate in the future. We have learnt much about what is essential, and what is not, and we plan to use this experience to inform and help us, rather than disregard what we have discovered and return to previous ways of doing things.
Initially, we will be seeking to keep things simple, with an emphasis on helping people connect with God and connect together . Particular priorities will be Sundays, Group life and Prayer.
We hope our new preaching series Faith Under Pressure: Growing strong through 1 Thessalonians , will result in growing faith, increasing love for one another and perseverance in our lives.
BUILDING OPPORTUNITIES
Currently our regular Sunday venue is not available to us due to plans for its use as a Covid-19 vaccination centre. We are not sure how long this will be the case and we are exploring other temporary options. However, we are also aware that the pandemic has shifted the landscape considerably and there could be new opportunities to acquire a building of our own. This is something we intend to pray into, discuss and pursue.
RE-SHAPING OUR LEADERSHIP
We anticipate that the coming months will also involve re-shaping our leadership. I have already mentioned that we’ve appointed new staff with our Youth Team leaders and intern.
We also increasingly recognise the need to develop other new and existing leaders, as we seek to establish strong teams across the church. This includes the Trustee team which we expect to go through a significant transition this year.
A Powers Date: 21/09/2021
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF OPEN DOOR CHURCH (ST NEOTS)
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2021 as set out on pages 7-13.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
Independent examiners report
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants (ACCA), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
• accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or
• the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Kevin Barrett FCCA Thompsons Accountancy Services Limited Registered with Institute of Chartered Accountants In England & Wales(ICAEW) Grove House 1 Grove Place Bedford MK40 3JJ
Dated: ………………… 2021
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
STATEMENT OF FINANCIAL ACTIVITIES
| Incoming Resources | Notes 3 |
Unrestricted Funds £ |
Restricted Fund £ |
Total Funds 2021 £ |
Total Funds 2020 £ 247,557 1,694 249,251 126,012 58,056 8,576 43,954 900 237,498 11,753 - 11,753 459,641 471,394 |
|---|---|---|---|---|---|
| Voluntary Income | 190,256 | 64,132 |
254,388 |
||
| Income from Investments | 58 | 2,531 |
2,589 |
||
| Total Incoming Resources Resources Expended Staff Costs Establishment Costs Ministry Costs Donations Governance Costs Total Charitable Resources Expended Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
190,314 | 66,663 | 256,977 | ||
| 4 |
|||||
| 126,279 | - |
126,279 |
|||
| 33,776 | 900 |
34,676 |
|||
| 2,389 | 500 |
2,889 |
|||
| 10,209 | 55,841 |
66,050 |
|||
| 1,626 | - |
1,626 |
|||
| 174,279 | 57,241 | 231,520 | |||
| 16,035 | 9,422 | 25,457 | |||
| (660) | 660 | ||||
| 15,375 | 10,082 | 25,457 | |||
| 53,099 | 418,295 |
471,394 |
|||
| 68,474 | 428,377 | 496,851 |
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
BALANCE SHEET
At 31st March 2021
| BALANCE SHEET At 31st March 2021 |
||||
|---|---|---|---|---|
| Notes Current assets Debtors (less than 1 year)) 5 Cash at bank and in hand Total current assets Liabilities 7 Total net assets Charity Funds 8 Unrestricted funds Restricted Funds Total funds |
Unrestricted funds £ |
Restricted funds £ |
2021 £ |
2020 £ |
10,000 465,060 475,060 |
||||
| 3,510 | - |
3,510 |
||
| 68,497 | 428,377 |
496,874 |
||
| 72,007 | 428,377 | 500,384 | ||
| (3,527) | - |
(3,527) |
(3,666) | |
| 68,480 | 428,377 | 496,857 | 471,394 | |
| 428,377 | 68,474 |
53,099 418,295 471,394 |
||
| 68,474 | 428,377 | |||
| 68,474 | 428,377 | 496,851 |
The notes on pages 9 to 13 form part of these financial statements.
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board of Trustees on and were signed on its 21/09/2021 behalf by:
A Powers (Trustee)
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
1. General Information
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest whole pound.
The charity is a private company limited by guarantee under company number 10226872, registered in England and Wales, and as a registered charity in England and Wales under charity number 1168288.
The address of the registered office is Suites 2-6, 31a St Neots Road, Eaton Ford, St Neots, Cambridgeshire, PE19 7BA.
The company does not have a share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
2. Accounting Policies
Basis of preparation of financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice: applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland issued in October 2019 (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice..
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern due to the amount of cash held in comparison to annual expenditure. There have been no changes in the accounting policies during the year.
Donations, Legacies and Similar Incoming Resources
These are included in the Statement of Financial activities when: the charity becomes entitled to the donation, legacy or similar income and any conditions for receipt are met; the trustees are reasonably certain they will receive it; and the trustees are reasonably certain that the value can be reliably measured.
Tax Reclaims on Donations and Gifts
Incoming resources from tax claims are included in the Statement of Financial activities at the time of receipt as this is considered to be the only time at which the trustees can be certain that it will be received.
Pension Costs
The trust contributes to the personal pension schemes of staff members. Contributions payable are charged as expenditure in the period to which they relate.
Asset recognition
Equipment and property is recognised as a tangible asset where its purchase cost is above £1000.
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Resources Expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with use of resources.
Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.
3. ANALYSIS OF INCOME
| Unrestricted Restricted Total Funds Total Funds Funds Funds 2021 2020 £ £ £ £ 154,312 53,647 207,959 211,603 35,944 10,485 46,429 35,954 |
|
|---|---|
| Voluntary Income | |
| Donations | |
| Gift Aid | |
| Total Voluntary Income | 190,256 64,132 254,388 247,557 |
| Income from Investments | |
| Interest | 58 2,531 2,589 1,694 |
| Total Income from Investments | 58 2,531 2,589 1,694 |
| Grand Total Incoming Resources |
190,314 66,663 256,977 249,251 |
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
| Unrestricted Restricted Total Funds Total Funds Funds Funds 2021 2020 £ £ £ |
|
|---|---|
| Expenditure on Charitable Activities |
|
| Staff Costs | |
| Employee Salaries | 109,070 - 109,070 107,249 |
| Employer's NIC | 6,939 - 6,939 7,419 9,699 - 9,699 10,176 - - 0 525 57 - 57 643 514 514 |
| Pension Contributions | |
| Visiting Speakers | |
| Expenses | |
| LeadershipTraining | |
| Total Staff Costs | 126,279 - 126,279 126,012 |
| Establishment Costs | 430 - 430 10,911 14,279 - 14,279 24,306 9,656 - 9,656 2,701 2,459 - 2,459 342 750 - 750 697 253 253 3,954 - 3,954 13,962 457 - 457 2,633 |
| Hire of Premises | |
| Office Rent | |
| Premises Rates and Services | |
| Equipment | |
| Insurances | |
| Professional Fees | |
| Administration | |
| Website and Publicity | |
| Subscriptions | 965 900 1,865 1,501 |
| Catering | 435 - 435 883 138 - 138 120 |
| Bank Charges | |
| Total Establishment Costs | 33,776 900 34,676 58,056 |
| Corporate Governance Costs | 1,626- 1,626 900 914 - 914 995 175 - 175 2,006 1,444 500 1,944 3,540 (640) - (640) 1,157 |
| Independent Examination | |
| Ministry Costs | |
| Children | |
| Youth | |
| Community | |
| Conferences | |
| Resources, Training | 496 - 496 878 |
| Total Ministry Costs | 2,389 500 2,889 8,576 |
| Donations | 4,209 - 4,209 3,900 6,000 - 6,000 7,800 |
| Catalyst | |
| New Frontiers - Global | |
| Giles | - 55,841 55,841 32,254 |
| - - |
|
| Total Donations | 10,209 55,841 66,050 43,954 |
| TOTAL EXPENDITURE | 174,279 57,241 231,520 237,498 |
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
4.1 Disclosures
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
There were no related party transactions in the reporting period.
Mr Mervyn Thomas is also a trustee of Kingdom Impact Grants which received payment of £240.00 for the provision of accounting software. An additional £900 was paid to Kingdom Impact Grants as the nominated charity for the work done by Verity Nyatsanza on the Independent Examination of the 2020 accounts.
4.2 Trustees Salaries and Benefits
Mr Ian Hoile, a Trustee received remuneration as the Lead Elder of the Church. No otherTrustees were in receipt of salary or received expenses.
4.3 Average headcount in the year
Charitable Activities 2021 2020 Number of People 4 4
4.4 Auditors/Independent examiners remuneration
The independent examiner’s remuneration amounts to a fee of £720 (2019- £900). No other services were provided.
5 DEBTORS AND PREPAYMENTS
| 5 DEBTORS AND PREPAYMENTS | ||
|---|---|---|
| Analysis of debtors less than 1 year | 2021 | 2020 |
| £ | £ | |
| Loans to other churches | - | 10,000 |
| Gift Aid Receivable | 3,510 | - |
| Total | 3,510 | 10,000 |
6 ACCRUALS
| 6 ACCRUALS | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Social security & other taxes | 2,760 | 2,670 |
| Other creditor | 47 | - |
| Accruals | 720 | 996 |
| Total | 3,527 | 3,666 |
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OPEN DOOR CHURCH (ST NEOTS) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
7. LEASE OBLIGATIONS
The Church leases Offices and premises for midweek premises from D.Davey & Sons Ltd. payable of £ 18,000 per annum. The lease is until October 2023.
The Church leases photocopying equipment at £1,244 per annum until December 2021.
8. CHARITY FUNDS
Details of All Funds with movements during the CURRENT reporting period 2021
| Opening | Closing | ||||
|---|---|---|---|---|---|
| Fund names | Balance | Income | Expenditure | Transfers | Balance |
| £ | £ | £ | £ | £ | |
| General Unrestricted Funds | 53,099 | 190,314 | (174,279) |
(660) |
68,474 |
| Restricted Funds | - | ||||
| Building fund (Part Designated) | 411,516 | 9,005 |
- |
- |
420,521 |
| Hardship | - | 5,341 |
(500) |
- |
4,841 |
| TLG (Schools Work) | - | 240 |
(900) |
660 |
- |
| Infuse Community project | 179 | - | 179 |
||
| Giles Zimbabwe mission | 4,915 | 51,940 |
(55,841) |
- |
1,014 |
| Children's Special Events | 181 | 68 |
- |
- |
249 |
| Youth Special Events | 1,504 | 69 |
- |
- |
1,573 |
| Total Restricted Funds | 418,295 | 66,663 | (57,241) | 660 | 428,377 |
| Total Funds | 471,394 | 256,977 | (231,520) | - | 496,851 |
8.1 Movement of funds during the CURRENT reporting period 2021
A transfer of £660 from Unrestricted to TLG (Schools Work) was made to prevent a deficit in the TLG restricted fund.
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