Charity Registration No. 1176975 CIO Registration No. CE013128
POOLE CHRISTIAN FELLOWSHIP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
POOLE CHRISTIAN FELLOWSHIP
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr N A May Mr G A Jones Dr S J Harris Mr B Lamb (Appointed 21 December 2020)
Charity number 1176975 CIO registration number CE013128 Principal address Lagland Street Poole Dorset BH15 1QD Independent examiner Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
POOLE CHRISTIAN FELLOWSHIP
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 13 |
POOLE CHRISTIAN FELLOWSHIP
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their annual report and financial statements for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, 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)".
Objectives and activities
The principle objectives of the trust continue to be the advancement of the Christian faith and the relief of poverty. The activities outlined below were carried out in pursuit of these objectives.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The church continued its program of Sunday morning services which were attended regularly by approximately 75 people of all ages. Other more informal meetings were held throughout the week, using our church building in central Poole and other venues, including partners' homes. From the start of lockdown, all meetings were replaced with online meetings, using mainly a combination of Zoom and YouTube.
COVID has caused a lot of division, loneliness and anxiety in society. The church has run meetings with care to provide for everyone, offering face to face meetings when it was safe and legal to do so. It has aimed to be flexible and sensitive enough to accommodate all people, regardless of the COVID risk levels they are comfortable with and to unite the church and wider community around the gospel.
Lockdowns and restrictions in 2020/201 impacted on the church’s ability to hold events to engage with the community. However, our online meetings and social events reached a wider audience .
The church continued to be active in taking the Christian message to the community through encouraging its partners to engage with the local community. Particular activities that are undertaken on an ongoing basis were as follows:
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The church runs a Christian Against Poverty (CAP) Debt Centre, in partnership with other local churches and working collaboratively with the local foodbank and other agencies. These initiatives have been successful in serving some of the most vulnerable in the local community.
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The church was still able to provide and distribute Christmas hampers to some of the most needy in the local community.
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In partnership with other local churches, an Alpha course exploring faith was run, attended primarily by those who had initially engaged with the church through its online activities .
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The trust continues to employ a Children's and Youth Minister. This role combines working with children and young people on a Sunday morning and running clubs at other times of the week, attended by individuals from the wider community.
Support of Mission
The church continued to support a number of local and international Christian endeavours both financially and in prayer, allocating 10% of general income to support missions.
Public Benefit
Where COVID restrictions permit, the building is made available to various local groups, including other churches and a local running group. The church seeks to serve the local community in a variety of ways, principally through help with debt and parenting clubs for children and young people.
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POOLE CHRISTIAN FELLOWSHIP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Achievements and performance The income of the charity, arising mainly from voluntary giving by the church partners amounted to £143,706 (2020.. £148.5061. Financial review The charity made a surplu5 in the period of £17,53712020.' £9,3091. Al the period and, unreslricled reserves (including designated ILJndsl lolallèd £125,366 and reslricled reserves tDlalled £37,117. The Flnancial Controls Pollcy had ml bèen finalised as of 31 March 2021, but it had beèn agretsd by th trustees on 24 April 2020 that 3 months of running c051s should be held in reserve. This was then included in tho COVID 19 Financial Impact Assessment agreed on 1 May 2020. Thè IrLsslees have assessed the rnajor risks lo which the charity is exposed, and aro sallsfied that systems are in place lo mitlgate exposure to the maltsr risk5. Stru¢tur&, governance and managÈft7ent The charity is governed in accordance with its trust deed, dated 5 Febrijary 2018. The charity 4$ a Charitable Incorporated Organisatlon ICIO}, registered number CE013128. New trustees may be appointèd by a simplo majority of existing trustees. The trustees continued during the year lo deleg8le the spiritual oversight of the church lo tho oldtsrs Mr Nlcholas May, Mr Gerrard Jtsnes. Dr Samuel Harris and Mr Bènjamin Lamb. MrNAMay Mr GAJones Dr S J Harris Mr B Lamb (Appdnted 21 December 20201 The Iruslees, report was approved by thè Board of Trusle&s. Mr B Lamb Trustee Dated.. 21 January 2022
POOLE CHRISTIAN FELLOWSHIP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POOLE CHRISTIAN FELLOWSHIP I report lo the Iru51ees on my examination of the financial slalemenls of Poole Christian Fellowship Ilhe charilyl for the year ended 31 March 2021. Responslbllltlès and basis of report As Ihtr Iruslees of the charity you are responsible for the preparation of the financial 8lalemenl$ in accordance with the requirements of the Charitie5 Act 2011 Ilhe 2011 Act). I report in respecl of my examination of the charity's financial Slalemenls carried out under section 145 of the 2011 Act. In carrying otjl my exaTninalion I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the 2011 Act. Indgpgndent examiner's ststemont I have completed my ex8minalion. I confimi that no matters have come lo my allenlion in connection Mith the examination giving me cause to believe thal in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Acl.. or the financial statements do not 8c¢ord wlh those records., or the financial statemen15 do not comply with the applicable requirements concerning the form and conlenl of a¢¢ounls set out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a maller 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 drawn in thi$ report in order lo enable a proper understanding of the financial statements lo be reached. Harrl ons Chartered ¢¢ountsnts 4 8rackley Close Bournemouth International Airport Chrislchur¢h Dorsel BH23 6SE Dated.. 24 January 2022
POOLE CHRISTIAN FELLOWSHIP
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income and endowments from: Donations and legacies 3 111,272 31,849 Other income 4 545 40 Total income 111,817 31,889 Expenditure on: Charitable activities 5 100,500 25,669 Net incoming resources before transfers 11,317 6,220 Transfers and funds from amalgamated charity - - Net income for the year/ Net movement in funds 11,317 6,220 Fund balances at 1 April 2020 114,049 30,897 Fund balances at 31 March 2021 125,366 37,117 |
TotalUnrestricted Restricted funds funds 2021 2020 2020 £ £ £ 143,121 123,935 21,271 585 3,300 - 143,706 127,235 21,271 126,169 114,963 24,234 17,537 12,272 (2,963) - (2,159) 2,159 17,537 10,113 (804) 144,946 103,936 31,701 162,483 114,049 30,897 |
Total 2020 £ 145,206 3,300 148,506 139,197 9,309 - 9,309 135,637 144,946 |
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The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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POOLE CHRISTIAN FELLOWSHIP BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Notes Flxed assets Tangible ass8ls 73.713 72.588 Current assets Debtors Cash al bank and in hand 10 20.570 72.088 20,064 55.385 92.658 75,449 Credltors: amounts falllng due wlthln one ygar 11 {3.8881 13,0911 Net current assets 88,770 72,358 Total assets less current Ilabllities 162,483 144,946 Income funds Restricted funds Urireslricted fund Designated funds General unioslricled ftjnds 13 37,117 30,897 14 13,928 111.438 12.077 101,972 125.366 114,049 162,483 144,946 The financ181 statements were approved by the Trustees on 24 January 2022 Mr G AJones Trustee Mr B Lamb Trustee
POOLE CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
Charity information
Poole Christian Fellowship is a charitable incorporated organisation registered in England and Wales.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, 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.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 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.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements .
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
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POOLE CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non - charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property not depreciated Equipment 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.8 Financial instruments
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.9 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10 Disclosure exemptions
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying small charity exemptions.
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POOLE CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted Restricted funds funds 2021 2021 £ £ Donations and gifts 110,041 31,849 Legacies receivable - - Grants receivable 1,231 - 111,272 31,849 |
TotalUnrestricted Restricted funds funds 2021 2020 2020 £ £ £ 141,890 114,518 16,563 - 9,417 4,708 1,231 - - 143,121 123,935 21,271 |
Total 2020 £ 131,081 14,125 - 145,206 |
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Grants receivable includes government grants relating to COVID-19 support.
4 Other income
| Unrestricted Restricted funds funds 2021 2021 £ £ Rental income 545 - Weekend away - 40 545 40 |
TotalUnrestricted funds 2021 2020 £ £ 545 3,300 40 - 585 3,300 |
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POOLE CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
5 Charitable activities
| Charitable activities expenses Share of governance costs (see note 6) Analysis by fund Unrestricted funds Restricted funds Support costs Support costs Governance costs £ £ Accountancy - 1,330 Legal and professional - 2,425 - 3,755 Analysed between Charitable activities - 3,755 |
2021 £ 1,330 2,425 3,755 3,755 |
Church Activities Church Activities 2021 2020 £ £ 122,414 137,432 3,755 1,765 126,169 139,197 100,500 114,963 25,669 24,234 126,169 139,197 Support costs Governance costs 2020 £ £ £ - 1,260 1,260 - 505 505 - 1,765 1,765 - 1,765 1,765 |
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6 Support costs
Governance costs includes payments for the independent examination fees of £ 1,330 (2020- £ 1,260 ) .
7 Trustees
During the year trustees were reimbursed expenses totalling £704 (2020: £1,054) in respect of accommodation and ministry expenses.
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POOLE CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
8 Employees
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| The average monthly number of employees during the year was: | 5 | 6 |
| Employment costs | 2021 | 2020 |
| £ | £ | |
| Wages and salaries | 85,090 | 79,465 |
| Social security costs | 2,307 | 2,854 |
| Other pension costs | 4,851 | 4,401 |
| 92,248 | 86,720 |
There were no employees whose annual remuneration was more than £60,000.
| 9 Tangible fixed assets Freehold property Equipment £ £ Cost At 1 April 2020 70,387 3,721 Additions - 2,234 At 31 March 2021 70,387 5,955 Depreciation and impairment At 1 April 2020 - 1,520 Depreciation charged in the year - 1,109 At 31 March 2021 - 2,629 Carrying amount At 31 March 2021 70,387 3,326 At 31 March 2020 70,387 2,201 10 Debtors 2021 Amounts falling due within one year: £ Other debtors 19,603 Prepayments and accrued income 967 20,570 |
Total £ 74,108 2,234 76,342 1,520 1,109 2,629 73,713 72,588 2020 £ 19,408 656 20,064 |
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POOLE CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
11 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Accruals and deferred income | 3,888 | 3,091 |
12 Retirement benefit schemes
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £4,851 (2020 - £4,401).
13 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in funds | Movement in funds | Movement in funds | |||
|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Balance at | |
| 1 April 2020 | resources | expended | 31 March | ||
| 2021 | |||||
| £ | £ | £ | £ | £ | |
| Building Fund | 30,844 | - | - | - | 30,844 |
| CAP Fund | - | 30,389 | (24,274) | - | 6,115 |
| Acts435 | 53 | 1,460 | (1,355) | - | 158 |
| Weekend away Fund | - | 40 | (40) | - | - |
| 30,897 | 31,889 | (25,669) | - | 37,117 | |
| Movement in funds | |||||
| Balance at | Incoming | Resources | Transfers | Balance at | |
| 1 April 2019 | resources | expended | 1 April 2020 | ||
| £ | £ | £ | £ | £ | |
| Building Fund | 30,844 | - | - | - | 30,844 |
| CAP Fund | 857 | 20,111 | (23,127) | 2,159 | - |
| Acts435 | - | 1,160 | (1,107) | - | 53 |
| Weekend away Fund | - | - | - | - | - |
| 31,701 | (21,271) | (24,234) | (2,159) | 30,897 |
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POOLE CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
14 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
| Movement | in funds | in funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming |
Resources | Balance at | ||||||
| 1 April 2020 | resources |
expended | 31 |
March 2021 | |||||
| £ | £ |
£ | £ | ||||||
| Generosity Fund (previously Missions and Gifts) | 9,577 | 9,291 |
(7,440) | 11,428 | |||||
| Rose Fund | 2,500 | - |
- | 2,500 | |||||
| 12,077 | 9,291 |
(7,440) | 13,928 | ||||||
| Movement | in funds | ||||||||
| Balance at | Incoming |
Resources | Balance at | ||||||
| 1 April 2019 | resources |
expended | 1 April 2020 | ||||||
| £ | £ |
£ | £ | ||||||
| Generosity Fund (previously Missions and Gifts) | 4,724 | 11,648 |
(6,795) | 9,577 | |||||
| Rose Fund | - | 2,500 |
- | 2,500 | |||||
| 4,724 | 14,148 |
6,795 | 12,077 | ||||||
| 15 | Analysis of net assets between funds | ||||||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||||
| £ | £ | £ | £ | £ | £ | ||||
| Fund balances are represented by: | |||||||||
| Tangible assets | 42,869 | 30,844 | 73,713 | 41,744 | 30,844 | 72,588 | |||
| Current assets/(liabilities) | 82,477 | 6,293 | 88,770 | 72,305 | 53 | 72,358 | |||
| 125,346 | 37,137 | 162,483 | 114,049 | 30,897 | 144,946 |
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POOLE CHRISTIAN FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
16 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel, which includes remuneration paid to trustee Mr G A Jones for his services as church minister, is as follows.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | 20,352 | 11,884 |
During the year aggregate donations received from trustees without conditions was £19,825 (2020: £ 16,791) .
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