2020-12-31-accounts - The Foundry Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Trustees' annual report (incorporating the		director's	report)
Independent examiner's report	to the trustees
Statement offinancial activities	(including	income and
expenditure account)
Statement offinancial position
Notes to the financial statements
The following pages do not form part ofthe financial statements
Detailed statement offinancial	activities
Notes to the detailed statement	offinancial	activities		21

The compa	The compa	ny was incorporated	ny was incorporated	ny was incorporated	on 14July 201	7.
Reference		and administrative			details
Registered		charity	name		The Foundry	Church
Charity registration			number		1174210
Company		registration		number	10866897
Principal	office and		registered		63 Lugsdale	Road
office					Widnes
					Cheshire
					WA8 6DA
					United Kingdom
The trustees
					Mr A Hewitt
					Mr P Holland
					Mrs D Daniels
					MrSGreenow
					Mr S Smith
					Mr N Calland
					Mr SAdepetun
					Mr D Lowe
					Mr KAckah Mrs 0 Oladimeji		(Appointed (Appointed	20 January 2020) 11 May 2020)
					Mrs I Oluwabamise		(Appointed	20 October 2020)
Company	secretary				Diane Daniels
Independent		examiner			Mr I Jennions	BA (Hons) FFA FIPA FFTA
					18Mulberry Avenue
					Turnstone Business Park
					Widnes
					Cheshire
					WA8 OWN

Year ended 31 Dece	mbe	r 20	20
					2020		2019
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	6	5	6	f
Income and endowments
Donations and legacies			5	198,444	11,134	209,578	167,765
Other trading activities			6	6,839		6,839	28,035
Investment income			7	8		8
Other income			8	982		982	72,809
Total income				206,273	11,134	217,407	268,609
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies			9	813		813	23,304
Expenditure on charitable	activities		10,11	190,024	7,484	197,508	286,229
Total expenditure				190,837	7,484	198,321	309,533
Net income/(expenditure)	and	net
movement in funds				15,436	3,650	19,086	(40,924)
Reconciliation offunds
Total funds brought forward				693,812		693,812	734,736
Total funds carried forward				709,248	3,650	712,898	693,812

					2020	2019
				Note	6	6
Fixed assets
Tangible fixed assets				16	656,923	659,210
Current assets
Debtors				17	2,740	5,833
Cash at bank and	in	hand			59,253	35,329
					61,993	41,162
Creditors: amounts		falling	due within one year	18	6,018	6,560
Net current assets					55,975	34,602
Total assets less	current		liabilities		712,898	693,812
Net assets					712,898	693,812
Funds ofthe charity
Restricted funds					3,650
Unrestricted funds					709,248	693,812
Total charity funds				21	712,898	693,812

value, over the useful econ	value, over the useful econ	omic life ofthat asset as	follows:
Fixtures and fittings		25% reducing	balance
Equipment		25% reducing	balance
Freehold	Property	0%

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
				6	F
Donations
General	Fund Offerings		159,578	11,134	170,712
Income	from	PRC	3,850		3,850
Gifts
Gifts and Gift Aid Income			23,037		23,037
Grants
Government		grant income	11,979		11,979
			198,444	11,134	209,578
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2019
					F
Donations
General	Fund Offerings		141,487		141,487
Income from		PRC	4,550		4,550
Gifts
GIRs and Gift		Aid Income	21,728		21,728
Grants
Government		grant income
			167,765		167,765

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds f	2020 6	Funds f	2019
Events & Facilities Income		6,839	6,839	21,245	21,245
Foundry Shop				6,790	6,790
		6,839	6,839	28,035	28,035
Investment	income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds f	2020 f	Funds	2019
Bank interest	receivable	8	8

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds f.	2020 f	Funds	2019
Tuck Shop				731	731	3,558	3,558
Fee Income				251	251	69,251	69,251
				982	982	72,809	72,809
Costs of raising donations				and legacies
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds f	2020 f	Funds	2019 f
Wages and	salaries					10,370	10,370
Repairs and	maintenance			352	352	2,026	2,026
Other motor/travel		costs				40	40
Legal and professional			fees			27	27
Other office	costs					28	28
Gifts						990	990
Catering				388	388	1,940	1,940
Supplies				73	73	376	376
Wages and	salaries					3,631	3,631
Repairs and	maintenance					71	71
Insurance						169	169
Legal and professional			fees			1,425	1,425
Gifts						70	70
Rent, rates,	light &	heat				2,066	2,066
Catering						38	38
Supplies						37	37
				813	813	23,304	23,304

		Unrestricted	Restricted	Total Funds
		Funds F	Funds f	2020 f.
Direct charitable	activities	186,699	7,484	194,183
Support costs		3,325		3,325
		190,024	7,484	197,508
		Unrestricted	Restricted	Total Funde
		Funds	Funds	2019
		F		f.
Direct charitable	activities	284,021		284,021
Support costs		2,208		2,208
		286,229		286,229

Expenditure	on	charitable activ	ities by activity type
			Activities
			undertaken	Support	Total funds	Total fund
			directly 6	costs f	2020 f	2019 f
Direct charitable		activities	194,183		194,183	284,021
Governance	costs			3,325	3,325	2,208
			194,183	3,325	197,508	286,229

12.	Net income/(expenditure	Net income/(expenditure	)
	Net income/(expenditure)			is stated after		charging/(crediting):
							2020 f	2019 6
	Depreciation	oftangible	fixed assets				2,287	3,049
13.	Independent	examination		fees
							2020 f	2019
	Fees payable	to the independent			examiner for:
	Independent	examination		ofthe	financial	statements	2,208	2,208

Staff costs	Staff costs
The total staff costs and		employee		benefits for		the reporting period are	analysed as follows:
							2020 f	2019
Wages and salaries							123,330	147,866
Employer contributions		to pension		plans			2,240	2,039
							125,570	149,905
The average head	count of employees				during	the year was 6 (2019 9).The average		number of
full-time equivalent	employees		dunng		the year	is analysed as follows:
							2020	2019
							No.	No.
Number ofstaff							6	9

Tangible fix	ed asse	ts
			Freehold	Fixtures and
			property f	fittings f	Equipmentf	Total f.
Cost
At 1January	2020 and
31December 2020			650,062	4,453	11,809	666,324
Depreciation
At 1 January	2020			1,948	5,166	7,114
Charge for the year				626	1,661	2,287
At 31 December 2020				2,574	6,827	9,401
Carrying amount
At 31 December 2020			650,062	1,879	4,982	656,923
At 31 December 2019			650,062	2,505	6,643	659,210
Debtors
					2020	2019
					F	F
Trade debtors					1,040	3,438
Prepayments	and accrued income					1,023
Other debtors					1,700	1,372
					2,740	5,833
Creditors: amounts		falling due within one year
					2020	2019 f
Accruals and deferred		income			3,469	3,426
Social security	and other taxes				2,549	3,134
					6,018	6,560

Analysis ofc	Analysis ofc	haritable funds
Unrestricted		funds
				At			At
			1 January	20			31 Decembe
			F	20	Income F	Expenditure F	r 2020 f
General funds			693,812		206,273	(190,837)	709,248
Restricted	funds
				At			At
			1 January	20			31 Decembe
			f	20	Income	Expenditure 6	r2020 f
Restricted	Funds				11,134	(7,484)	3,650

Analysis of net as	sets between	funds
		Unrestricted	Restricted	Tots I Funds	Total Funds
		Funds f	Funds F	2020 6	2019
Tangible fixed assets		656,923		656,923	659,210
Current assets		58,343	3,650	61,993	41,162
Creditors less than	1 year	(6,018)		(6,018)	(6,560)
Net assets		709,248	3,650	712,898	693,812

Year ende		31 December 2020
			2020	2019
			6
Income and	endowments
Donations and legacies
General Fund		Offerings	170,712	141,487
Income from	PRC		3,850	4,550
Gifts and Gift		Aid Income	23,037	21,728
Government	grant income		11,979
			209,578	167,765
Other trading		activities
Events & Facilities Income			6,839	21,245
Foundry Shop				6,790
			6,839	28,035
Investment income
Bank interest		receivable
Other income
Tuck Shop			731	3,558
Fee Income			251	69,251
			982	72,809
Total income			217,407	268,609

Year ended 31	D	ecem	ber 2020
				2020 6	2019f
Expenditure
Costs of raising donations			and legacies
Wages and salaries					14,001
Repairs and maintenance				352	2,097
Insurance					169
Other motor/travel	costs				40
Legal and professional		fees			1,452
Other office costs					28
Gifts					1,060
Rent, rates, light 8	heat				2,066
Catering				388	1,978
Supplies				73	413
				813	23,304
Expenditure on charitable			activities
Wages and salaries				123,330	133,865
Pension costs				2,240	2,039
Light and heat				8,857	12,898
Repairs and maintenance				5,607	12,059
Insurance				6,304	5,336
Other motor/travel costs				32	1,363
Legal and professional		fees		9,562	14,994
Telephone				1,139	1,521
Other office costs				18,225	12,226
Depreciation				2,287	3,049
Bank charges				308	907
GIRs				1,060	4,918
Rates, light & heat				1,160	2,925
Sundry expenditure				747	1,771
Accommodation					59,918
Catering				4,000	3,685
Supplies				12,650	12,755
				197,508	286,229
Total expenditure				198,321	309,533
Net income/(expenditure)				19,086	(40,924)

Year ended 31 De	cem	ber 2020
			2020	2019
				6
Costs of raising donations		and legacies
Costs of raising donations		and legacies - Other type 1
Wages and salaries				10,370
Repairs and maintenance			352	2,026
Other motor/travel costs				40
Legal and professional	fees			27
Other office costs				28
Gifts				990
Catering			388	1,940
Supplies			73	376
			813	15,797
Costs of raising donations		and legacies - Other type 2
Wages and salaries				3,631
Repairs and maintenance				71
Insurance				169
Legal and professional	fees			1,425
Gifts				70
Rent, rates, light & heat				2,066
Catering				38
Supplies				37
				7,507
Costs of raising donations		and legacies	813	23,304

				2020	2019
				6	6
Expenditure on charitable			activities
Direct charitable	activities
Activities undertaken		directly
Wages and salaries				123,330	133,865
Pension costs				2,240	2,039
Light and heat				8,857	12,898
Repairs & maintenance				5,607	12,059
Insurance				6,304	5,336
Other motor/travel	costs			32	1,363
Legal and professional		fees		6,237	12,786
Telephone				1,139	1,521
Other office costs				18,225	12,226
Depreciation				2,287	3,049
Bank charges				308	907
Gifts				1,060	4,918
Rates, light 8 heat				1,160	2,925
Sundry expenditure				747	1,771
Accommodation					59,918
Catering				4,000	3,685
Supplies				12,650	12,755
				194,183	284,021
Governance costs
Accountancy fees				3,325	2,208
Expenditure on charitable			activities	197,508	286,229