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2022-03-31-accounts

Charity Registration No. 1176975 CIO Registration No. CE013128

POOLE CHRISTIAN FELLOWSHIP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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

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 - 14

POOLE CHRISTIAN FELLOWSHIP

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

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.

Continued COVID lockdowns and restrictions on gatherings, impacted on our ability to meet in person. However, the church continued online with its programme of Sunday morning services and smaller midweek meetings. Average Sunday participation was harder to assess, but averaged at 65 people across all ages. As restrictions were lifted, and in line with government mandates and guidelines, we began “hybrid” meetings, catering for both online and in-person attendees and reached beyond our church partners to a wider audience. A Carol Service was held in December with a focus of inviting people outside the membership of the church and being accessible to as many people as possible. There were around 30 guests attending.

COVID has continued to cause 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.

The church continued to be active in taking the Christian message to the community through encouraging its partners to engage with the local community, within the confines of COVID restrictions. Particular activities that are undertaken on an ongoing basis were as follows:

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.

POOLE CHRISTIAN FELLOWSHIP TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Publi¢ Benefit Where COVID restrictions pemiiL the building is made available to various lotxl groups. induding other churches and a loe21 running group. The churc* seeks to serve the Iotxl community in a variety of ways. princApally through help with debt, Lifè Skills and dubs for children and young people. Achievements and perfomiance The income of the tharity, arising mainly from vduntsry gmng by the Church parlners amounted to £110,497 12021- £143.7061. Financial review The charity made a deficit in the period of £2.284 12021: surplus £17.537). At the pericKI end, unréstricted reserves (including designated funds) totalled £129.209 and restsicted reserves totalled £30.990. The Flnan(xal Controls Policy was finalisèd in October 2021. This states that 3 months of running costs should be held in reserve. The trustees have assessed the major risks lo which the charity is exposed. arkd 8re 53tisfied that S￿leMS are in place to mitigate exposure to the major risks. Structure. governance and management The ¢harity is governed in accordance with its trust deed. dated 5 February 2018. The tharity is a Charitable Incorporated Organi5ation ICIOI, registered number CE013128. New Irustees may be appointed by a simple majorily of existing trustees. The trustees continued during the yeaT to detegate the spiritual oversight of ihe church to the eSder5 Mr Nitholas May. Mr Gerrard Jones, Dr Samuel Harris and Mr Benjamin Lafnb. MrNAMay Mr G AJones Dr S J Harros Mr B Lamb The truslees. rewrt was approved by the Board of Trustees. Mr B Lamb Trustee Dated.. 18 January 2023

POOLE CHRISTIAN FELLOWSHIP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POOLE CHRISTIAN FELLOWSHIP I report to the Iiuslees on my examination of the financial statement$ ol Poole Christian Fellowship Ithe eharity} for the year ended 31 March 2022. Responsibilities and basls of report As the trustees of Ihtr chaiity YOLJ are responsible for the preparation of the financial 51alements in accordan￿ w*th the requirements of the Charits'es Act 2011 (the 2011 Acll. I report in respect of my examination of the charity's financial slalemenls carried out undef section 145 of the 2011 Act. In carrying out my examination I have followed all Ihts applicable Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confinn that no matters have come to my attention in connecbon with Ihe examination giwng me cause to believe that in any material respect.. accounting records were not kept in resped of the charity as Tequired by secknon 130 of the 2011 Act." or the finan¢ial slalements do not accord with those recoids," or the finanrial statements do not comply with the applicable ￿quire￿entS conceming the form and content of accounts sel 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 examinalitsn. I have no concems and have come across no other matters in connection with the èxamination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached. Harris ns Chartered Accountsnts 4 Brackley Close Bournemouth International Airport Christchurch Dorsel BH23 6SE Dated.. f8 January 2023

POOLE CHRISTIAN FELLOWSHIP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income and endowments from:
Donations and legacies
3
95,669
13,568
Other income
4
1,230
30
Total income
96,899
13,598
Expenditure on:
Charitable activities
5
91,656
21,047
Other expenditure
9
78
-
Total resources
expended
91,734
21,047
Net
incoming/(outgoing)
resources before
transfers
5,165
(7,449)
Net
incoming/(outgoing)
resources before
transfers
5,165
(7,449)
Transfers
(1,322)
1,322
Net income/(expenditure) for
the year/
Net movement in funds
3,843
(6,127)
Fund balances at 1 April
2021
125,366
37,117
Fund balances at 31
March 2022
129,209
30,990		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
109,237
111,272
31,849
1,260
545
40
110,497
111,817
31,889
112,703
100,500
25,669
78
-
-
112,781
100,500
25,669
(2,284)
11,317
6,220
(2,284)
11,317
6,220
-
-
-
(2,284)
11,317
6,220
162,483
114,049
30,897
160,199
125,366
37,117		 Total
2021
£
143,121
585
143,706
126,169
-
126,169
17,537
17,537
-
17,537
144,946
162,483

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

POOLE CHRISTIAN FELLOWSHIP BALANCE SHEET ASAT31 MARCH 2022 2022 2021 Notes Fixed assets Tangiblè assets 10 73.124 73.713 Current assets DebtOTS Cash at bank and in hand 11 6,542 83.253 20,570 72.088 89.795 92,658 Crèditors- amounts falling due within one yèar 12 12.720) 13.888) Net Qu￿ent assets 87.075 88.770 Total assets less currènt liabilities 160,199 162,483 Income fvnds Restricted fijnds Unrestricted funds Designated funds General Unrestrict￿ fltnds 14 30,990 37,117 15 15.552 113,657 13,928 111,438 129,209 125,366 160.199 162,483 The financial ststements were approved by the Truslees on 18 January 2023 Mr GAJones Trustee Mr B Lamb Trustee

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. 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.

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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:

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.

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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
2022
2022
£
£
Donations and gifts
94,784
13,568
Grants receivable
885
-
95,669
13,568		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
108,352
110,041
31,849
885
1,231
-
109,237
111,272
31,849		 Total
2021
£
141,890
1,231
143,121

Grants receivable includes government grants relating to COVID-19 support.

4 Other income

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Rental income
1,230
-
Weekend away
-
30
1,230
30		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
1,230
545
-
30
-
40
1,260
545
40		 Total
2021
£
545
40
585

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Charitable activities

Church Church
Activities Activities
2022 2021
£ £
Charitable activities expenses 110,884 122,414
Share of governance costs (see note 6) 1,819 3,755
112,703 126,169
Analysis by fund
Unrestricted funds 91,656 100,500
Restricted funds 21,047 25,669
112,703 126,169

6 Support costs

Accountancy
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
1,180
-
639
-
1,819
-
1,819		 2022
£
1,180
639
1,819
1,819		 2021
£
1,330
2,425
3,755
3,755

Governance costs includes payments for the independent examination fees of £1,180 (2021- £1,330).

7 Trustees

During the year trustees were reimbursed expenses totalling £328 (2021: £704) in respect of accommodation and ministry expenses.

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

8 Employees

2022 2021
Number Number
The average monthly number of employees during the year was: 4 5
Employment costs 2022 2021
£ £
Wages and salaries 70,206 85,090
Social security costs 1,139 2,307
Other pension costs 4,048 4,851
75,393 92,248

There were no employees whose annual remuneration was more than £60,000.

9 Other expenditure

Unrestricted
funds
2022
Net loss on disposal of tangible fixed assets
78
78		 Total
£
2021
-
-

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10
Tangible fixed assets
Freehold
property
Equipment
£
£
Cost
At 1 April 2021
70,387
5,955
Additions
-
481
Disposals
-
(499)
At 31 March 2022
70,387
5,937
Depreciation and impairment
At 1 April 2021
-
2,629
Depreciation charged in the year
-
912
Eliminated in respect of disposals
-
(341)
At 31 March 2022
-
3,200
Carrying amount
At 31 March 2022
70,387
2,737
At 31 March 2021
70,387
3,326
11
Debtors
2022
Amounts falling due within one year:
£
Other debtors
5,721
Prepayments and accrued income
821
6,542
12
Creditors: amounts falling due within one year
2022
£
Accruals and deferred income
2,720		 Total
£
76,342
481
(499)
76,324
2,629
912
(341)
3,200
73,124
73,713
2021
£
19,603
967
20,570
2021
£
3,888

13 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 £4,048 (2021 - £4,851).

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

14 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 resources expended 31 March
2021 2022
£ £ £ £ £
Building Fund 30,844 - - - 30,844
CAP Fund 6,115 12,368 (19,805) 1,322 -
Acts435 158 1,200 (1,242) - 116
Weekend away Fund - 30 - - 30
37,117 13,598 (21,047) 1,322 30,990
Movement in funds
Balance at Incoming Resources Transfers Balance at
1 April resources expended 1 April
2020
£		 £ £ £ 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

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

15 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 Movement in funds Movement in funds
Balance at Incoming
Resources		 Transfers Balance at
1 April 2021 resources expended 31 March
£ £ £ £ 2022
£
Generosity Fund (previously Missions
and Gifts) 11,428 10,658 (7,712) (1,322) 13,052
Rose Fund 2,500 - - - 2,500
13,928 10,658 (7,712) (1,322) 15,552
Movement in funds
Balance at Incoming
Resources		 Transfers Balance at
1 April 2020 resources expended 1 April 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
**16 ** Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Fund balances are represented by:
Tangible assets 42,280 30,844 73,124 42,869 30,844 73,713
Current assets/(liabilities) 88,251 (1,176) 87,075 82,477 6,293 88,770
130,531 29,668 160,199 125,346 37,137 162,483

POOLE CHRISTIAN FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17 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.

2022 2021
£ £
Aggregate compensation 20,962 20,352

During the year aggregate donations received from trustees without conditions was £19,015 (2021: £19,825).