Registered Charity Number 1176260
TOWN CHURCH BICESTER
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR YEAR ENDED 31[st] MARCH 2022
TOWN CHURCH BICESTER YEAR ENDED 31[st] March 2022
Contents
| Church Information | 1 |
|---|---|
| Trustees Report | 2 |
| Independent Examiners Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 5 |
| Notes to the accounts | 6 |
2
TOWN CHURCH BICESTER YEAR ENDED 31[st] March 2022
CHURCH INFORMATION
TRUSTEES Ian Lancaster Jonathan Reid Simon Poole CHARITY NUMBER 1176260 CONTACT ADDRESS Jonathan Reid 4 Heather Road Bicester OX26 3YR PLACE OF WORSHIP Longfields Primary School Bicester OX26 6QL BANKERS TSB Bank Plc Wantage Branch PO Box 1000 BX4 7SB INDEPENDENT EXAMINER Geoff Mann ACIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ
3
TOWN CHURCH BICESTER YEAR ENDED 31[st] March 2022
TRUSTEES REPORT
The Trustees have pleasure in presenting the annual report and accounts for the church for the Year Ended 31[st] March 2022
1. Objectives and activities
The objects of the charity are the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Bicester and the surrounding neighbourhood, as well as carrying out such other charitable purposes as shall, in the opinion of the charity trustees put into practice the Christian faith in accordance with the basis of faith.
2. Structure, governance and management
The church is a Charitable Incorporated Organisation, charity number 1176260, and was registered with the Charity Commission on 13 December 2017.
The church is governed by the church members, which includes the Trustees, and the Trustees have ultimate oversight. The Trustees are appointed by a majority of the church members. The Trustees who acted during the year were:
Ian Lancaster
Jonathan Reid
Simon Poole
3. Review of Activity
Town Church Bicester became a church 13[th] December 2017, these accounts are the fourth accounts produced by the church and represent the fourth full year of operation.
The church’s vision continues to be the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Bicester and the surrounding neighbourhood.
We have continued to approach this in a number of ways during the period, including:
-
gathering together each week on Sunday afternoon at a local school for prayer, praise and learning from the Bible;
-
mid-week small groups for mutual support and encouragement;
4
TOWN CHURCH BICESTER YEAR ENDED 31. March 2022 monthly and weekly prayer meetings; a weekend away for mutual support and encouragement: Re ort of the Trustees contlnued outreach events such as the Summer Fun Day, Men's Curry and Women's Craft Night where we seek to reach out into the local community. meet those who live nearby to play games, make crafts. build relationships and speak about the Christian faith; We continue to grow in number, and regularly have almost 85 attendees present at our Sunday services. Our membership is over 20 and expected to grow further still. From a financial perspective we have started with a healthy balance in our cash account and have continued to see an increase in the balance. Growth in the cash account is driven by increased giving by current members, along with the addition of new members in the year. 4. Flnanclal revlew and reserves pollcy Funds in the bank at 31 March 2022 were £21,112. The church seeks to retain enou8h reserves for the ongoing work ofthe Church. 5. Publlc Beneflt The Trustees consider that the activities as described above fulfill the requirements of the Charity Commission's public benefit disclosure. 6. Rlsk Mana8ement The church members and Trustees regularly consider the risks to which the charity may be exposed and are satisfied that systems are in place to mitigate exposure to the major risks. On behalf of the Trustees Trustee M,J) Date:
TOWN CHURCH BICESTER YEAR ENDED 31[st] March 2022
TOWN CHURCH BICESTER
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022
TO THE TRUSTEES OF TOWN CHURCH BICESTER
I report to the trustees on my examination of the accounts of the charity for the year year ended 31 March 2022
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acts 2011 ("the Act").
I report in respect of my examination of your charity's accounts carried out under section 145 of the Act, and in carrying out my examination I have followed the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
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 giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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
I have no concerns and have come across no other matters in connection with the examination to which attention should be brought in this report in order to enable a proper understanding of the accounts to be reached.
Geoff Mann Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ
6
TOWN CHURCH BICESTER YEAR ENDED 31[st] March 2022
STATEMENT OF FINANCIAL ACTIVITIES
| Notes 2022 £ Income from: Donations 3 75,774 Charitable Activities 4 623 Government Grants 0 76,397 Expenditure from: Raising funds 0 Charitables activities 5 78,200 78,200 Net income/(expenditure) -1,803 Fund balances at 1st April 2021 36,974 Fund balances at 31st March 2022 35,171 STATEMENT OF FINANCIAL POSITION AS Notes 2022 £ Fixed assets Tangible assets 6 8,352 Current assets Debtors 7 7,041 Cash at bank 8 21,733 28,774 Creditors: amounts falling due within one year 9 1,955 Net assets 35,171 Funds Unrestricted funds 35,171 35,171 |
Notes 2022 £ Income from: Donations 3 75,774 Charitable Activities 4 623 Government Grants 0 76,397 Expenditure from: Raising funds 0 Charitables activities 5 78,200 78,200 Net income/(expenditure) -1,803 Fund balances at 1st April 2021 36,974 Fund balances at 31st March 2022 35,171 STATEMENT OF FINANCIAL POSITION AS Notes 2022 £ Fixed assets Tangible assets 6 8,352 Current assets Debtors 7 7,041 Cash at bank 8 21,733 28,774 Creditors: amounts falling due within one year 9 1,955 Net assets 35,171 Funds Unrestricted funds 35,171 35,171 |
2022 £ 75,774 623 0 76,397 0 78,200 78,200 -1,803 36,974 |
2021 £ 59,163 100 2,185 61,448 0 51,424 51,424 10,024 26,950 36,974 AT 31stMARCH 2021 |
2021 £ 59,163 100 2,185 61,448 0 51,424 51,424 10,024 26,950 36,974 AT 31stMARCH 2021 |
|---|---|---|---|---|
| 35,171 | ||||
| 7,041 21,733 |
2022 £ 8,352 35,171 |
5,567 40,193 |
2021 £ 2,327 36,974 36,974 36,974 |
|
| 28,774 1,955 |
45,760 11,113 |
|||
| 35,171 | ||||
| 35,171 |
7
TOWN CHURCH BICESTER YEAR ENDED 31[st] March 2022
NOTES TO THE ACCOUNTS
Town Church Bicester
Notes to the Accounts
for the Year Ended 31st March 2022
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with the charity's Constitution, 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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
Going Concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Income
Income is recognized when the charity becomes entitled to the income, the trustees are virtually certain they will receive the income; and the amount can be measured with sufficient reliability.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Tangible fixed assets
Tangible fixed assets are measured at cost minus depreciation.
Depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Motor vehicles 20% straight line basis Equipment 33.33% straight line basis
Debtors
Trade debtors and other debtors are recognised at their settlement amount due after any discounts. Prepayments are valued at the amount prepaid net of any trade discount due.
Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
As a charity, Town Church Bicester is exempt from Corporation Tax.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
8
TOWN CHURCH BICESTER YEAR ENDED 31[st] March 2022
| 2 Employees Number of persons employed by the charity Employment costs Wages and salaries Social security costs Other pension costs 3 Donations Regular Gift Aidable Single Gift Aidable Regular Non Gift Aidable Single Non Gift Aidable Gift Aid Tax Reclaim 4 Charitable activities income Christian Men's Convention Men's Evening donations Ladies' Evenings donations Church Weekend Away Payments Quiz donations Donations for books 5 Charitable activities expenditure Elders, Staff and Intern Sunday Gathering Children's work Regular groups Members Training Communications One off events Weekend Away Fees/Governance (IE Fee £600) Vehicle Costs Interest Depreciation Missionary Giving |
2022 4 2022 33,802 483 2,127 36,411 48,835 1,930 1,500 10,749 12,759 75,774 0 322 206 0 95 0 623 36,978 7,210 450 2,628 2,113 681 3,126 0 1,118 1,276 206 2,435 19,981 78,200 |
2021 3 |
|---|---|---|
| 2021 26,510 0 2,176 28,686 40,585 300 800 7,244 10,234 59,163 0 0 100 0 0 0 100 32,956 1,392 937 182 1,726 835 868 0 1,952 0 0 342 10,235 51,424 |
9
TOWN CHURCH BICESTER
YEAR ENDED 31[st] March 2022
| 6 Tangible fixed assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 31 March 2021 Deprecation during the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 7 Debtors Other debtors Prepayments 8 Cash at Bank Cash at Bank Pleo Account 9 Creditors: amounts falling due within one year Other creditors |
Tech Equipment Music Equipment £ 2463 565 588 912 |
Vehicles General Equipment Total 0 0 3028 6480 480 8460 |
|---|---|---|
| 3051 1477 299 402 901 355 |
6480 480 11488 0 701 1080 98 2435 |
|
| 1201 758 |
1080 98 3136 |
|
| 1,850 720 |
5,400 382 8,352 |
|
| 2,164 163 |
0 0 2,327 |
|
| 2022 6,713 328 7,041 21,112 620 21,733 2022 1,955 |
2021 5,251 316 5,567 40,193 - 40,193 2021 11,113 |
10 Trustees
Simon Poole, a trustee, is employed by the church as allowed and in accordance with the charity's constitution. He received pay of £16,000 (2020: £16,000) and pension contributions of £1,347 were paid on his behalf. (2021: £1,280).
As part of their duties as trustees, three trustees received expenses amounting to £295 (2021: £103)
Related party transactions
There were no disclosable related party transactions during the year (2021 - none)
11
10