2021-12-31-accounts - Kennet Valley Free Church

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Trustees
Name	0ffice{ifapplicable}	Dateappointed	Appointins bodv
BulpfttLuke	Elder	t5January 2020	Constitution
Challand Graham		18October2017	Membership
Cooke Graham	Pastsr	18Qctsbere017	Csnstitution
GagerMelanie		18October2017	Membership
JenningsMichele		18October ?:fiI7	Membership
MafferyDavid	Chairman	18Oetsber2017	Membership
MarettDavid	Elder	18Octsber2017	Csnstitution
MarkiewiczPeter	Treasurer	18Octoher?:0r-7	Constitution
ScsttPaul		2April2020	Memhership
SheppardMaire		2April?020	Membership
TamkenMark	Elder	18October2A17	Constitution
WederellTom	Assistant Pastor	lSeptember 2020	Constitution
Wilson Claire		2April2020	Membership
YmrngBarry		18Oetsber2017	Membership

Kennet Valley Free Church 1174002	Kennet Valley Free Church 1174002	Kennet Valley Free Church 1174002	Kennet Valley Free Church 1174002
Annualaccountsforthe period
Period start date	01/01/2021	To	Period end date	31/12/2021

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
160,524	25,094	-	185,618	198,354
11,342	-	-	11,342	10,928
-	-	-	-	-
25	-		25	279
-	-	-	-	-
-	-	-	-	-
171,891	25,094	-	196,985	209,561

-	-	-	-	-
159,153	1,121	-	160,274	157,149
-	-	-	-	-
-	-	-	-	-
159,153	1,121	-	160,274	157,149

12,738	23,973	-	36,711	52,412
-	-	-	-	-
12,738	23,973	-	36,711	52,412
-	-	-	-	-
18,095 -	18,095	-	-	-

-	-	-	-	-
-	-	-	-	-
5,357 -	42,068	-	36,711	52,412

137,059	1,435,740	-	1,572,799	1,520,387
131,702	1,477,808	-	1,609,510	1,572,799

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds Endowment funds Total this year £ £ £ F02 F03 F04	Restricted income funds Endowment funds Total this year £ £ £ F02 F03 F04	Restricted income funds Endowment funds Total this year £ £ £ F02 F03 F04	Total last year £ F05
31,767	1,566,556	-	1,598,323	1,598,323
31,767	1,566,556	-	1,598,323	1,598,323

3,795	308	-	4,102	11,730
99,035		-	99,035	93,476
102,830	308	-	103,137	105,206

2,895	8,716	-	11,611	11,557

99,935	- 8,409	-	91,526	93,649

131,702	1,558,147	-	1,689,849	1,691,972

-	80,339	-	80,339	119,173


131,702	1,477,808	-	1,609,510	1,572,799

131,702	1,477,808		1,477,808	1,435,740
	-		131,702	137,059

131,702	1,477,808	-	1,609,510	1,572,799

Signature		Print Name		Date of approval dd/mm/yyyy

CC17a (Excel)

13/10/2022

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their
• and with accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS
• and with 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.

CC17a (Excel)

13/10/2022

Section C Notes to the accounts (cont) Note 2 Accounting policies 2.1 INCOME Recognition of income These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and • the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required or Offsetting permitted by the FRS 102 SORP or FRS 102. Donations are only included in the SoFA when the general income recognition criteria are met (5.10 Donations to 5.12 FRS102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any Legacies conditions attached to the legacy are either within the control of the charity or have been met. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition Tax reclaims on to the same fund as the initial donation unless the donor or the terms of the appeal have specified donations and gifts otherwise. The value of any voluntary help received is not included in the accounts but is described in the Volunteer help trustees’ annual report. This is included in the accounts when receipt is probable and the amount receivable can be Income from interest measured reliably.

2.2 EXPENDITURE AND LIABILITIES

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be Liability recognition measured with reasonable certainty.

	Governance costs comprise all costs involving public accountability of the charity and its compliance
Governance costs	with regulation and good practice.
	Where the charity gives a grant with conditions for its payment being a specific level of service or
Grants with performance	output to be provided, such grants are only recognised in the SoFA once the recipient of the grant
conditions	has provided the specified service or output.
Grants payable without	Where there are no conditions attaching to the grant that enables the donor charity to realistically
performance conditions	avoid the commitment, a liability for the full funding obligation must be recognised.
Redundancy cost	The charity made no redundancy payments during the reporting period.
Deferred income	No material item of deferred income has been included in the accounts.
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts
Basic financial	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7
instruments	FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
2.3 ASSETS
Tangible fixed assets for	These are capitalised if they can be used for more than one year, and cost at least £500.
use by charity
	They are valued at cost.
	The depreciation rates and methods used are disclosed in note 9.2.
	Debtors (including trade debtors and loans receivable) are measured on initial recognition at
Debtors	settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they
	are measured at the cash or other consideration expected to be received.

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 132,350 21,832 -154,182 161,917 Gift Aid 28,174 3,262 -31,436 36,437 Total 160,524 25,094 - 185,618 198,354 Charitable activities: Letting income 11,342 - -11,342 10,928 Total 11,342 - -11,342 10,928 Interest income 25 - -25 279 Total 25 - -25 279 Other: Assets transferred to CIO from previous charity - - - - - Total - - - - - 171,891 25,094 - 196,985209,561 TOTAL INCOME Income from investments: Analysis Donations and legacies:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis
	Donations and gifts	132,350	21,832	-	154,182	161,917
	Gift Aid	28,174	3,262	-	31,436	36,437
	Total	160,524	25,094	-	185,618	198,354

	Letting income	11,342	-	-	11,342	10,928
	Total	11,342	-	-	11,342	10,928

	Interest income	25	-	-	25	279
	Total	25	-	-	25	279

	Assets transferred to CIO from previous charity	-	-	-	-	-
		-	-	-	-	-

		171,891	25,094	-	196,985	209,561

CC17a (Excel)

13/10/2022

Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Note 4 Analysis of expenditure	Analysis of expenditure
Analysis TOTAL EXPENDITURE Expenditure on charitable activities Total expenditure on charitable activities	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
		159,153	1,121	-	160,274	157,149
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		159,153	1,121	-	160,274	157,149

		159,153	1,121	-	160,274	157,149

Note 5 Details of certain items of expenditure 5.1 Fees for examination of the accounts

Independent examiner’s fees

This year £	Last year £
768.00	762

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 6 Paid employees

Please complete this note if the charity has any employees.

6.1 Staff Costs

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits

Total staff costs	This year £	Last year £
	98,091	84,049
	4,663	3,574
	5,427	4,374
	-	-
	108,181	91,997

This year Last year Number Number ts (excluding employer pension costs) for the reporting period of	This year Last year Number Number ts (excluding employer pension costs) for the reporting period of	This year Last year Number Number ts (excluding employer pension costs) for the reporting period of
	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	4	4
Governance	-	-
Other	-	-
Total	4	4

Note 7 Defined contribution pension scheme.

7.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in £5,427 Please explain the basis for allocating the liability and expense of defined church. contribution pension scheme between activities and between restricted and unrestricted funds.

All staff work on general charitable activities of running the church.

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 8 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

8.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
			£	£
Support for missionaryactivities	9,975	9,618	-	19,593
*Total*	9,975	9,618	-	19,593

8.2 Grants made to institutions

The charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is detailed below.

Names of institution	Purpose	Total amount of grantspaid £
Reading Christian School Worker	Independent support for Religious Education in Schools	2,650
SIM International	Overseas Mission and relief work	2,000
Operation Concern Charity	Drug rehabilitation	1,200
Messianic Testimony	Overseas mission	2,500
*TOTAL GRANTS PAID* *Total grants to institutions in reporting period* *Other unanalysed grants*		8,350
		1,625
		9,975

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
1,598,323	-	-	-	1,598,323
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
1,598,323	-	-	-	1,598,323

9.2 Depreciation and impairments

SL or RB	SL or RB	SL or RB	SL or RB	SL or RB
None
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,598,323 - - - 1,598,323 1,598,323 - - - 1,598,323
1,598,323	-	-	-	1,598,323
1,598,323	-	-	-	1,598,323

CC17a (Excel)

13/10/2022

Section C Notes to the accounts (cont)

Note 10 Debtors and prepayments

10.1 Analysis of debtors Trade debtors Prepayments and accrued income Total	This year £	Last year £
	-	-
	-	-
	4,102	11,730
	4,102	11,730

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 11 Creditors and accruals

11.1 Analysis of creditors

11.1 Analysis of creditors
Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	8,716	8,716	80,339	119,173
	-	-	-	-
	-	-	-	-
	762	756	-	-
	2,133	2,085	-	-
	-	-	-	-
	11,611	11,557	80,339	119,173

CC17a (Excel)

13/10/2022

Section C Notes to the accounts (cont)

Note 12 Cash at bank and in hand

Note 12 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	99,035	93,476
	-	-
	99,035	93,476

CC17a (Excel)

13/10/2022

Section C Notes to the accounts (cont)

Note 13 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and UR - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
General fund	UR	Generalcharitable activities	137,059	171,891	- 159,153	- 18,095	-	131,702
BuildingFund	R	Constructionofchurchbuilding	1,146,480	-	-	-	-	1,146,480
BuildingTitheFund	R	Tithe ofbuildingincome	-	-	-	-	-	-
Housingfund	R	Purchase ofstaff housing	283,858	23,943	-586	16,095	-	323,310
AP4L	R	Joint eventwith Reading churches	107	-	-	-	-	107
Technologyfund	R	Replacement oftechnology equipment	165	-	-	1,000	-	1,165
Maintenancefund	R	Replacement of largemaintenanceitems	4,000	-		1,000	-	5,000
Publicationsfund	R	Publications	532	15	- 103			444
Youth Bursary	R	Supporting dissadvantaged youths to go ontrips	7	-	-	-	-	7
RedBucketFund	R	Periodic collectionsfor relief work	252	1,136	- 432	-	-	956
Youth WorkGrant	R	Grantsreceived	339	-	-	-	-	339
*Other funds*	N/a	N/a	-		-	-	-	-
Total Funds			1,572,799	196,985	- 160,274	-	-	1,609,510

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 14 Charity funds (cont)

14.1 Transfers between funds

	Reason for transfer and where endowment is converted to income, legalpower for its conversion	Amount
Between unrestricted and restricted funds	Transfer into Technology (£1000) and Maintenance fund (£1000) to build up fund	2,000

CC17a (Excel)

13/10/2022

Section C Notes to the accounts (cont)

Note15 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

15.1 Trustee remuneration and benefits

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
		This year				Last year
		Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
		£	£		£	£
Graham Cooke	Governing document	42,935	2,147			44,198
Tom Wederell	Governing document	18,539	1,450			6,532


*Please give details of why remuneration or other* *employment benefits were paid.*
		Full time Pastor and Assistant Pastor

15.2 Trustees' expenses

Type of expenses reimbursed	This year	Last year
	£	£
Travel	0	0
Ministry related	80	36
Conferences	0	0
TOTAL	80	36

Two trustees were reimbursed for expenses or had expenses paid by the charity

CC17a (Excel)

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Independent examiner's report on the accounts Section A Independent Examiner's Report Roport to the trusteesl members of KENNET VALLEY FREE CHURCH On accounts for the year ended 31 DECEMBER 2021 Charlty no {If any) 1174002 Set out on pag0S attached Respective The charity5 trustees are responsible for the preparatK)n of the accounts. responsibiliti•s of The charity's trustees consider Ihal an audit is not required for this year trusteas and examlner under section 144 of the Charities Act 2011 (the Charitles Act) and that an independent examination is needed. It bs my responsibility to= examine the accnunts under section 145 of the Charities Act. to follow the wocedures Faid down in the general Directions given by the Charity Commission (under seclion 14515)(b) of the Charities Act, and to stste whelher particular matters have come lo my attention. Basis of independent My examination was carried out in accordan with general Directions given examiner's statement by the Charity Commission. An examinatN)n includes a review of the accounting records kept by the tharity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the ewdence that would be required in an audit, and consequently no opinion is gtven as to whether the aOuntS present a 'true and fair, view and the report is limited lo those matters set out in the ststement below. Indep•nd•nl ID connection with my examination. no matter has comè to my attention: examlnerfs statement 1. which gives me reasonable cause to believe that in. any material respect. the requirements: to keep accounting r8cords in accordance with section 130 of the Charities Actr, and to prepare a¢¢ounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have nol been met: or 2. to whith, in my opinion. attention should be drawn in order lo enable a proper understsnding of Ihe accounts to be rea¢hed. Signed: Date: 26 October 2022 Name: Philip John Nixon of Edwin Smith Chartered Accountants Relevant professional F.C.A. qualification(s) or body: Address: 32 Queens Road. Reading. Berkshire. RG14AU IER