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2020-08-31-accounts

Thrive Church UK

Trustees’ report and financial statements for the year ended 31[st ] August 2020

Charity No. 1173151

Thrive Church UK

Contents Page
Trustees’ report 2-4
Independent Examiner’s report 5
Receipts and Payments Account 6
Statement of Assets and Liabilities 7
Notes 8-10

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Thrive Church UK

Trustees’ report

The Trustees of Thrive Church UK present their report and accounts for the year ended 31 August 2020.

Trustees

Steve Nicholls Philip Raw (Chair – resigned 31[st] August 2020) Susanne Singh Jeremy Sisley Iain Grew (From 1[st] September 2019) Michelle Fisher (From 1[st] September 2019) David Waghorn (From 1[st] September 2019)

Trustees are appointed by the Thrive Church UK leadership team. New trustees are fully briefed on their role and responsibilities. Trustees meet regularly throughout the year and review the risks to which the charity may be exposed.

Thrive Church UK was registered as a Charitable Incorporated Organisation on 24[th] May 2017.

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Maling Kent ME19 4JQ

Objectives

The objectives of the charity are:

(1) The advancement of the Christian faith;

(2) The prevention and/or relief of poverty in Hampshire and such other parts of the United Kingdom and the world as the charity trustees may from time to time decide.

In planning our activities for the period, we have been mindful of the Charity Commission’s general guidance on public benefit and prevention and relief of poverty for the public benefit. The trustees always ensure that Thrive Church UK’s activities are in line with our charitable objectives.

How we work

The Charity is led by a team of six leaders, Sue Singh (Senior Leader and part time employed), Gavin Scott (part time employed), Hannah Scott, Philip Raw, Becky Boxall and Alex Boxall. Two new leaders joined the team and one leader (Philip Raw) retired at the end of August 2020.

There are volunteer groups with team leaders that run the various activities which report to the leadership team.

The Activities of the church include the following:

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Thrive Church UK

Activities and achievements

The trustees are pleased to report that, despite the restrictions that were in place from March 2020 due to the Covid-19 pandemic, Thrive Church UK has had a successful year. Access to the rented accommodation used for the Sunday worship meetings was not possible from March 2020, however, the services moved online enabling the members on the church to still meet in virtual meetings. The restrictions also led to leadership meetings and trustee meetings also moving online, via video conference calls. The only activity that couldn’t continue after restrictions were imposed was the Children and Parents/Carers Group, although it is expected to resume as soon as guidelines allow and it is safe to do so.

The charity has adequate governance in place to meet the requirements of the various statutory bodies which include Safeguarding Polices and Registration of those working with children and vulnerable adults. Risk Assessments are in place for the various activities, venues and meetings. (The various Policies and Risk Assessments are all available on the charity’s SharePoint site).

The Leadership Team continues to develop future strategy in line with the CIO’s objectives.

Three new trustees were appointed on the 1[st] September 2019 and the chair of trustees retired at the end of August 2020, with the new chair taking up the position from the 1[st] September 2020. In addition to the trustees, the Leadership Team has a team of Trusted Advisors to assist and advise as and when necessary.

The trustees are satisfied that the objectives are being met and that the Governance arrangements are compliant with statutory requirements.

Financial review and reserves policy

Thrive Church UK has received individual donations of £109,020 (2019: £100,479), including grants from Stewardship which are funded by individuals primarily within the church. Of these donations £4,845 (2019: £1,945) were restricted. The church has also received business donations of £500 (2019: £0). Charitable activities have generated £447 (2019: £2,204). This includes income from our parent and toddler group, and from conferences.

A deposit account is operated by Thrive Church UK. This is used for a combination of some restricted funds and general funds.

At present the trustees have agreed that reserves should be held to cover three months of core costs. At 31[st] August 2020 the balance on unrestricted reserves was £94,305 (2019: £63,899) which is more than sufficient for this purpose.

The Future

As the charity moves into its fourth year the Leadership Team continues to develop strategy for the charity which will include the following aspects:

  1. A new chair of trustees (Steve Nichols) from 1[st] September 2020

  2. Continuing to host online church meetings for an unknown period of time, until physical meetings are once again possible.

  3. Planning for the resumption of physical meetings, as soon as guidelines allow and the owners of the venues rented by Thrive Church UK permit their properties to be rented again.

  4. Using the restricted fund for the acquisition of a building for the day-to-day activities and meetings of the charity but not necessarily the Sunday gatherings.

  5. Continue to develop closer ties with local community groups

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Thrive Church UK

Steve Nicholls – Deputy Chair of Trustees

Thrive Church UK Wessex House Upper Market Street Eastleigh Hampshire SO50 9FD

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Thrive Church UK

Independent Examiner’s Report

I report on the accounts of the CIO for the year to 31[st] August 2020, which are set out on pages 5-9.

Respective responsibilities of trustees and examiner

The charity's trustees 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;

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

to 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 Commissioners. An examination includes a review of the accounting records kept by the charity 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

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.

MJ Harris 18a Church Road Bishopstoke Eastleigh Hampshire SO50 6BH

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Thrive Church UK

Receipts and Payments Account for the year ended 31[st] August 2020

Note 2020 2019
Incoming resources 1 Unrestricted Restricted Total Total
funds income funds
£ £ £ £
Donations and Gifts 104,675 4,845 109,520 100,479
Grants - - - 985
Interest Received 815 - 815 480
Charitable activities 447 - 447 2,204
Other 28 - 28 -
____ ___ ___ ___
Total incoming
resources 105,964 4,845 110,810 104,148
____ ___ ___ ___
Resources expended
Charitable activities
Staff costs 4 44,242 1,300 45,542 47,093
Office costs 5,237 - 5,237 8,177
Personnel 6,977 1,300 8,277 7,069
Facility Hire 11,179 - 11,179 14,196
Equipment 5 1,653 - 1,653 1,856
Resources 4,443 391 4,834 5,980
Bank charges 60 - 60 66
Grants 6 1,220 2,700 3,920 4,020
___ ___ ___ ___
Total expenditure 75,011 5,692 80,703 88,457
___ ___ ___ ___
Net
income/(expenditure) 30,953 (847) 30,107 15,691
Transfers between
funds (548) 548 - -
Net movement in funds 30,405 (298) 30,107 15,691
Funds balances brought
forward 63,899 70,534 134,433 118,742
____ ___ ___ ___
Fund balances carried
forward 94,304 70,236 164,540 134,433
____ ___ ___ ___

Thrive Church UK holds no endowment funds.

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Thrive Church UK

Statement of Assets and Liabilities as at 31 August 2020

Note 2020 2019
£ £
Unrestricted Restricted Total Total
funds income funds
Cash Funds
Current Account 51,835 2,621 54,456 53,805
Deposit Account 43,680 67,615 111,295 80,480
Petty Cash 105 - 105 148
_ _ _ _
Total cash funds 95,620 70,236 165,855 134,433
Liabilities
Tax 1,173 - 1,173
Pension 142 - 142
_ _ _ _
Total Liabilities 1,315 - 1,315 -
_ _ _ _
Total Funds 94,305 70,236 164,540 134,433
_ _ _ _

There are no liabilities for which a guarantee has been given by the CIO or is outstanding, nor debts secured by an express charge on any of its assets.

The Annual Report and Financial Statements were approved by the trustees on 6[th] May 2021 and were signed on their behalf by

Jeremy Sisley Treasurer

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Thrive Church UK

Notes (forming part of the financial statements)

1. Accounting policies

The following accounting policies have been applied consistently in dealing with items that are considered material in relation to the financial statements of Thrive Church UK.

• Basis of preparation

The accounts have been prepared in accordance with the Charities Act 2011, and section 62 of the Charitable Incorporated Organizations (General) Regulations 2012.

They have been prepared under the historical cost convention with items recognized at cost or transaction value and on a going concern basis. The accounts have been prepared on a Cash Basis.

• Tax reclaimable on gifts and donations

Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

• Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

• Volunteer help

The value of any voluntary help received is not included in the financial statements but is described in the trustees’ report.

• Governance and support costs

Thrive Church UK incurs no governance nor support costs.

2. Trustee expenses

The following trustee was remunerated by the charity during the year: Susanne Singh £21,583 (including employer pension contributions)

3. Independent Examiner’s remuneration

The independent examiner’s fee for the examination of these financial statements is £95.

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Thrive Church UK

4. Staff Costs

2020 2019
£ £
Gross wages, salaries and
benefits in kind 42,613 44,951
Pension contributions 2,709 2,143
National insurance 220 -
_ _
45,542 47,093
_ _

The average number of full-time equivalent employees in the year was 1.4 (2019: 1.6).

5. Equipment Costs

2020 2019
£ £
Computers & iPad - 848
Coffee & Tea Hardware - 495
PA & Recording equipment 1,148 303
Other equipment 505 210
__ __
1,653 1,856
__ __
6. Grants Awarded
2020 2019
£ £
CAP Eastleigh 1,200 1,800
Kibera Building Development 800 -
ARK Eastleigh 370 -
School of Ministries 800 2,000
Street Pastors 450 100
Pioneer 300 -
Grants to Individuals - 120
__ __
3,920 4,020
__ __

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Thrive Church UK

Notes (continued)

7. Restricted funds

Funds held and movement during the current reporting period

Fund names Fund balances Incoming Outgoing Transfers Balances
brought resources resources carried
forward forward
£ £ £ £ £
Building Fund 67,615 - - - 67,615
Kibera 795 - 800 (5) -
Youth Worker 1,300 - 1,300 - -
Generosity Fund 825 2,563 800 - 2,588
School of Ministries - 771 1,300 (529) -
Pioneer - 292 300 (8) -
CTiE Youth Fund - 400 391 - 9
Street Pastors - 430 430 - -
ARK Eastleigh - 364 370 (6) -
DAI - 25 - - 25
Unrestricted funds 63,899 105,964 75,011 548 94,304
__ __ __ __ __
Total 134,433 110,810 80,703 - 164,540
__ __ __ __ __

8. Compliance

These accounts comply with the appropriate legal requirements – that is:

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