**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:
- 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.
- A CAP Lifeskills Course was run and open to all. For those who participated it provided new skills, an opportunity to share experience and knowledge with one another and a sense of community .
- A Children and Youth Minister was employed until September 2021. While a new appointee was sought, volunteers continued PCF's work with children and young people. Groups were run, on Sunday mornings and 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.
- 1 -
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 SleMS 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 quireentS 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.
- 4 -
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 Quent 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.
- 6 -
## **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:
- 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 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|
- 8 -
## **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.
- 9 -
## **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
-|
|---|---|
||-|
- 10 -
## **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).
- 11 -
## **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|
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## **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|
- 13 -
## **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).
- 14 -