CAUSEWAY COMMUNITY CHURCH
Annual report and Unaudited Financial Statements for the year ended 30th September 2021
Charity Commission Registered Number: 1177219
CAUSEWAY COMMUNITY CHURCH REPORT AND FINANCIAL STATEMENTS For the year ended 30th September 2021
| Contents | Page |
|---|---|
| Legal and administrative information | 2 |
| Report of Trustees | 3-4 |
| Report of Independent Reporting Accountant | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8-12 |
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CAUSEWAY COMMUNITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION
Trustees:
O. L. Chow J. P. Critoph (Secretary) S. H. Critoph (Pastor) J. M. Wheatley (Treasurer)
(Resigned 19th September 2021)
Registered number:
1177219
Church address:
Bankers:
The Causeway Potters Bar EN6 5HQ Barclays Bank plc Leicester LE87 2BB
Solicitors:
Edward Connor Solicitors 10 The Point Market Harborough Leicestershire LE16 7QU
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CAUSEWAY COMMUNITY CHURCH TRUSTEES' REPORT For the year ended 30th September 2021
The trustees present their annual report and financial statements for the year ended 30th September 2021.
Structure, governance and management
Causeway Community Church is a Charitable Incorporated Organisation (CIO) registered by the Charity Commission for England and Wales on 19th February 2018 (registered number: 1177219). The CIO was created for the purposes of continuing the long-standing ministry of the church previously known as Causeway Free Church (CFC). The assets and liabilities of CFC were transferred to the new CIO with effect from 31st December 2018 and it commenced activities on 1st January 2019.
The trustees (who are also elders) are responsible for the management of the Church in accordance with the Church Constitution and Handbook. On 1st March 2020 Spencer Critoph was inducted as the full time pastor of the church. The trustees who served during the year are listed on page 2.
The church is affiliated to the Fellowship of Independent Evangelical Churches (FIEC).
Object and review public benefit
The purposes of the church are (1) the advancement of the Christian faith in accordance with the Basis of Faith of the FIEC, primarily but not exclusively within Potters Bar and the surrounding neighbourhood together with its advancement throughout the United Kingdom and the World; and (2) such other charitable purposes as shall, in the opinion of the trustees, further the work of the church.
The church seeks to serve the local community by providing a place of worship, prayer and Bible teaching. We regularly promote and publicise our activities in the local community.
Review of activites
The church holds Sunday morning services and mid-week prayer and bible study meetings. In addition the church runs a number of other activities and events with the objective of making and developing contact with members of the local community who do not usually attend church. These activities have included regular coffee mornings, an English club for those who want to improve their spoken and written English, a Parents & Toddlers group and services at local care homes for the elderly. Inevitably these activities have been disrupted to some extent by the COVID-19 pandemic.
The announcement of lockdown measures and other restrictions over the past two years has had an impact on the activities of our church but we have made every effort to ensure that, even when we were not able to use our building, the church remained active, using internet based technology when necessary.
Achievement and performance
We are thankful to God for his continued financial provision for the work of the church despite the disruption related to the COVID-19 pandemic. We count it a privilege to have been able to continue to support our 'mission partners' working for missionary societies in the UK and overseas and that we have been able to continue to reach out into our local community with God's love and care.
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CAUSEWAY COMMUNITY CHURCH TRUSTEES' REPORT For the year ended 30th September 2021
Financial review
During the year to September 2021, total incoming resources amounted to £59,996 (2020: £49,792). These were almost entirely comprised of collections, offerings and other donations from members by standing orders, together with the associated gift-aid claimed. Resources expended during the year totalled £45,376 (2020: £30,506). The main components of expenditure are set out in the Statement of Financial Activites on page 6. In 2021, £1,550 was donated to overseas missions and other ministries not directly connected with the Church (2020: £2,319).
Accumulated funds at the year end amounted to £119,420. The balance on the General Fund (£89,420) remains substantial in relation to the size of the church but is maintained in order to fund potential future expenditure on improvements to the facilities offered by our church building. The balance on the trustees' discretionary fund remains at the amount of £30,000. This fund is maintained in order to ensure that the church always retains reserves amounting to approximately six months of operating costs.
Trustees’ responsibilities
Charity law requires the trustees to prepare financial statements for each financial year.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Church and for taking reasonable steps for the prevention and detection of fraud and other irregularities, and safeguarding assets.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have taken appropriate steps to mitigate key risks identified.
Signed on behalf of the Trustees J. M. Wheatley
5th May 2022
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CAUSEWAY COMMUNITY CHURCH INDEPENDENT EXAMINER'S REPORT
For the year ended 30th September 2021
Report to the trustees/members of Causeway Community Church (Charity no. 1177219)
I report to the trustees on my examination of the accounts of the above charity ("the Charity") for the year ended 30th September 2021 as set out on pages 6 to 12.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect,:
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●the accounting records were not kept in accordance with section 130 of the Act; or
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●the accounts did not accord with the accounting records; or
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●the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Brian Wright FCA 28 Bycullah Ave. Enfield EN2 8DN
18th May 2022
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CAUSEWAY COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30th September 2021
| Unrestricted Funds Notes £ INCOME FROM: Donations 50,775 Investments 9 Other income 150 Total income (2) 50,934 EXPENDITURE ON CHARITABLE ACTIVITIES Gifts to Christian causes (3) 1,550 Church ministry (4) 34,243 Establishment costs (7) 5,781 Governance costs (8) 3,802 Total resources expended 45,376 NET MOVEMENT IN FUNDS 5,558 Transfers between funds 9,062 14,620 Funds brought forward 104,800 Funds carried forward 119,420 |
Restricted Funds £ 9,062 - - 9,062 - - - - - 9,062 (9,062) - - - |
Total Funds 2021 £ 59,837 9 150 59,996 1,550 34,243 5,781 3,802 45,376 14,620 - 14,620 104,800 119,420 |
Total Funds 2020 £ 49,513 109 170 49,792 2,319 19,706 7,092 1,389 30,506 19,286 - 19,286 85,514 104,800 |
|---|---|---|---|
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CAUSEWAY COMMUNITY CHURCH STATEMENT OF FINANCIAL POSITION As at 30th September 2021
| Notes FIXED ASSETS Improvements to premises (9) CURRENT ASSETS Debtors (10) Cash at bank and in hand CREDITORS: Amounts falling due within one year (11) NET CURRENT ASSETS NET ASSETS Represented by: UNRESTRICTED FUNDS General Fund (15) Trustees' Fund (15) RESTRICTED FUNDS Specific collections & donations (15) |
Total Funds 2021 £ 6,525 5,510 108,223 113,733 838 112,895 119,420 89,420 30,000 119,420 - 119,420 |
Total Funds 2020 £ - 6,728 98,408 105,136 336 104,800 104,800 74,800 30,000 104,800 - 104,800 |
|---|---|---|
Approved by the board of trustees on 5th May 2022.
J. M. Wheatley Treasurer
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CAUSEWAY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2021
1. ACCOUNTING POLICIES Basis of preparation
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2015)' and the Charities Act 2011. 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.
Going concern
The trustees consider that there are no material uncertainties about the church's ability to continue as a going concern. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
Incoming Resources
Collections and similar donations are recognised when received. Donations under Gift Aid are accounted for on the date of receipt and provisions are made for amounts remaining unclaimed at the year end.
Taxation
As a registered charity, the church is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the church and is therefore included in the relevant costs in the Statement of Financial Activities.
Fixed assets
Individual fixed assets costing £1,000 are recorded at cost.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over expected useful economic life on a 'straight line' basis.
Improvements to premises are depreciated over 10 years.
Funds policy
Unrestricted funds:
The Church maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the Church's general purposes.
A Trustees' Fund was created by the Trustees which will be maintained as a reserve against unexpected or unforeseen expenditure.
Restricted funds:
Restricted funds are provided to the Church for particular purposes, and it is the policy of the trustees to carefully monitor the application of those funds in accordance with the restrictions placed on them.
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CAUSEWAY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2021
| Income Donations Gift Aid received/receivable Investment income: Bank interest Other income: Hire of premises |
Unrestricted £ 43,731 7,044 50,775 9 150 50,934 |
Restricted £ 7,250 1,812 9,062 - - 9,062 |
Total 2021 £ 50,981 8,856 59,837 9 150 59,996 |
Total 2020 £ 40,860 8,653 49,513 109 170 49,792 |
|---|---|---|---|---|
2. Income
Restricted donations related to a donation received for the improvement of the church building: the installation of central heating (the costs of which have been capitalised).
| 3. Gifts to Christian causes OMF International (UK) Wycliffe Bible Translators Open Air Campaigners Pastor Training International Open Doors UK & Ireland |
Unrestricted £ 750 400 400 - - 1,550 |
Restricted £ - - - - - - |
Total 2021 £ 750 400 400 - - 1,550 |
Total 2020 £ 1,000 400 400 400 119 2,319 |
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The church made donations in respect of 'mission partners' working for one of the above agencies or to support the work of the agency in general. All donations made were to UK registered charities.
| 4. Church ministry Employment costs (see note 5.) Other ministry expenses |
Unrestricted £ 33,815 428 34,243 |
Restricted £ - - - |
Total 2021 £ 33,815 428 34,243 |
Total 2020 £ 19,154 552 19,706 |
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CAUSEWAY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2021
| Employees Wages and salaries Pension costs Rental of property for pastor Training Other employment costs |
Unrestricted £ 15,840 475 16,200 1,300 - 33,815 |
Restricted £ - - - - - - |
Total 2021 £ 15,840 475 16,200 1,300 - 33,815 |
Total 2020 £ 9,240 277 9,450 - 187 19,154 |
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5. Employees
The pastor is the only employee of the church. His employment commenced on 1st March 2020.
6. Trustees' remuneration and expenses
No trustee received remuneration for services rendered during the year other than the pastor.
Sometimes the trustees act as agents for the Church and make payments and purchases on its behalf and are reimbursed for this expenditure, e.g. payment for stationery, other consumables, utilities and donations. Such expenditure is not related to services provided by trustees and is, therefore, not disclosed.
| 7. Establishment costs Insurance Printing postage & stationery Website & IT Repairs & maintenance Equipment Depreciation Cleaning and gardening Utilities Miscellaneous 8. GOVERNANCE COSTS Licences and affliiation fees etc Legal and professional |
Unrestricted £ 723 289 647 984 - 725 1,576 837 - 5,781 Unrestricted £ 1,613 2,189 3,802 |
Restricted £ - - - - - - - - - - Restricted £ - - - |
Total 2021 £ 723 289 647 984 - 725 1,576 837 - 5,781 Total 2021 £ 1,613 2,189 3,802 |
Total 2020 £ 671 332 378 2,379 156 - 1,893 1,274 9 7,092 Total 2020 £ 1,209 180 1,389 |
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CAUSEWAY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2021
| 9. FIXED ASSETS Unrestricted £ Improvements to premises Cost: Brought forward - Additions 7,250 Carried forward 7,250 Depreciation: Brought forward - Charged in year 725 Carried forward 725 Net book value: Brought forward - Additions 7,250 Depreciation in year (725) Carried forward 6,525 10. DEBTORS Prepayments Gift Aid recoverable Sundry debtors 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accounts payable Accruals Other creditors |
Restricted £ - - - - - - - - - - |
Total 2021 £ - 7,250 7,250 - 725 725 - 7,250 (725) 6,525 2021 £ 370 3,583 1,557 5,510 2021 £ 357 282 199 838 |
Total 2020 £ - - - - - - - - - - 2020 £ 473 4,698 1,557 6,728 2020 £ 146 - 190 336 |
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12. CAPITAL COMMITMENTS
The church has no commitments for capital expenditure.
13. RELATED PARTY TRANSACTIONS
The cleaning of the interior of the church building was carried out by Critoph Cleaning Services, a business operated by the son of John Critoph and the brother of Spencer Critoph (both trustees). The total value of the work undertaken in the year amounted to £630 (2020: £ 150). Neither of the Critoph trustees were involved in awarding the work to Critoph Cleaning Services or agreeing the amounts paid.
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CAUSEWAY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2021
14. CHURCH BUILDING
The holding trustee of the building used by the church is Western Counties and South Wales Evangelisation Trust (Charity Commission registered number 234557).
| 15. FUNDS UNRESTRICTED General Fund Designated Fund: Trustees' Fund RESTRICTED Specific donations Total funds |
October 2020 £ 74,800 30,000 104,800 - - 104,800 |
Income £ 50,934 - 50,934 9,062 9,062 59,996 |
Expenditure £ (45,376) - (45,376) - - (45,376) |
Transfers 9,062 - 9,062 (9,062) (9,062) - |
September 2021 £ 89,420 30,000 119,420 - - 119,420 |
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Restricted donations related to a donation received for the installation of central heating. The donation, together with the associated Gift Aid claimed, was transferred to the General Fund on completion of the project. The amount of the gift including the Gift Aid received exceeded the costs of the installation but the total amount has been taken to General Fund in agreement with the donor.
16. CHARITY INFORMATION
Causeway Community Church is a Charitable Incorporated Organisation (CIO) which was registered with the Charity Commission on 19th February 2018 and commenced activities on 1st Janaury 2019. The CIO was formed by the members of Causeway Free Church (CFC) for the purposes of continuing the ministry of the church in Potters Bar.
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