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