**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:
- 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.
- The church was still able to provide and distribute Christmas hampers to some of the most needy in the local community.
- 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 .
- 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|**Total**Unrestricted
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|
|---|---|---|
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.
- 6 -
## **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:
- expenditure on raising funds includes the costs of all fundraising activities, events, non - charitable trading activities, and the sale of donated goods.
- 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.
- 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.
- 7 -
## **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|**Total**Unrestricted
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|
|---|---|---|
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|**Total**Unrestricted
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|
|---|---|---|
## **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|
|---|---|
- 10 -
## **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|
- 12 -
## **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) .
- 13 -