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2021-03-31-accounts

HUB CHURCH SOUTH WOODFORD (A Company Limited by Guarantee)

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021

CHARITY REGISTRATION NUMBER: 1178537 COMPANY REGISTRATION NUMBER: 11270957

HUB CHURCH SOUTH WOODFORD

(A Company Limited by Guarantee)

LEGAL AND ADMINISTRATIVE INFORMATION

Charity number 1178537
Company registration number 11270957
Date of incorporation 22/03/2018
Directors/Trustees Tracy Bishop
Wayne Bishop
Nicholas Boxall
Gillian Hampton
Nicola Langford
Nigel Langford
Correspondence Address 9a Shenfield Road
Woodford Green
Essex
IG8 9AR
Independent Examiners Tove Accountancy Ltd
Office 6 Town Hall
86 Watling Street East
Towcester
Northants
NN12 6BS
Constitution Private limited company by guarantee without share capital use of
Limited' exemption.
Objectives To advance the Christian Faith in South Woodford and such parts of
London. To fulfil other purposes which are exclusively charitable
and are connected with the work of the charity. To further Christian
education. To relieve persons in condition of need or hardship. To
assist the provision of facilities in the interests of social welfare for
recreation or other leisure occupations where such facilities are
required to improve conditions of life.
Statement of Financial The attached financial statements with accompanying notes
Activities set out a true and fair view of the finances of the charity for the period.

HUB CHURCH SOUTH WOODFORD (A Company Limited by Guarantee) REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31ST MARCH 2021

The Trustees present their annual report together with the financial statements of the Hub Church South Woodford for the year ended 31st March 2021.

Structure, governance and management

The principal object of the charity is the advancement of the Christian faith.

a. Method of appointment or election of Trustees

Trustees are elected by the existing trustees by majority vote.

b. Organisational structure and decision making

All policy decisions are made by the Trustees with day-to-day operational decisions made by the Leadership.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.

The charity's objectives are:

(1) the advancement of the Christian faith in accordance with the doctrines set out in the fourth schedule of the declaration of trust and the worship of God in East London and surrounding areas and elsewhere by any means whatsoever including (but not by way of limitation) the preaching and the proclamation of the Christian doctrine and principles and the pastoral care of Christian people and the printing and the distribution of the Bible and Christian literature.

(2) the relief of persons who are in conditions of need, hardship or distress or who are aged or sick.

(3) the provision of instruction in the principles of the Christian faith at any educational establishment and the provision of a day and/or boarding college for the general education of male and female pupils of any age and for the instruction of such pupils in such principles aforesaid.

b. Activities for achieving objectives

Prior to the lockdown, Hub Church South Woodford (operating as the Hub Movement) provided a place of worship at the Rodding Primary School in Woodford where it rented a school hall every other Sunday with the use of volunteers. In addition, a number of smaller Hubs in East London and Essex provided worship and fellowship. During lockdown, these activities continued on zoom and were augmented (once permitted) with meetings in the open air at a local park.

As a charity, the movement also operates a clothes bank for people in need, and provided material assistance to people referred to them by various local agencies.

Achievements and performance

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity relies on donations to carry out its activities and there are reserves in place.

HUB CHURCH SOUTH WOODFORD REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2021

b. Review of acitivies

Hub Church South Woodford provides a place of worship where the Christian faith is promoted and demonstrated with services for all ages and activities for children. Support is given for various charities and in addition material assistance has been provided to people referred to the charity by local agencies. Members of the charity also assist other charities and organisations with advancing the Christian faith and helping people in need.

Plans for the future

Hub Church South Woodford will look to becoming a movement, and plant new churches. The vision is to plant churches down the central line. Covid meant we suspended the development of Leytonstone. As lockdown eased, we began meeting together in the open air in a local park.

Further expansion plans were developed in the period, and post this period, local Hubs began operating in Loughton and Epping. The online presence of the Movement continues to be developed as another channel for the charity's goals.

Trustees' responsibilities statement

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice).

Charity law requires the Trustees to prepare financial statements for each financial year. Under charity law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing the financial statements, the trustees are required to:-

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 16/12/2021 and signed on their behalf by:

W Bishop

W Bishop Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HUB CHURCH SOUTH WOODFORD FOR THE YEAR ENDED 31ST MARCH 2021

I report to the charity trustees on my examination of the accounts of Hub Church South Woodford for the year ended 31st March 2021.

Responsibilities and basis of report

As the charity trustees (who are also the directors of the company for the purposes of Company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145 (5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that:

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.

Nadine Pickworth

………………………………………….

Dated 22/12/2021

Nadine Pickworth (ACMA) For and on behalf of:

Tove Accountancy Ltd, Office 6, Town Hall, 86 Watling Street East, Towcester, Northants, NN12 6BS

Hub Church South Woodford (A Company Limited by Guarantee) Statement of Financial Activities For the year ended 31st March 21

Note
Incoming Resources
Voluntary income
3.1
Income from charitable activities
3.2
Other incoming resources
3.3
Total incoming resources
Resources Expended
Cost of generating funds
4.1
Charitable activities
4.2
Governance costs
4.3
Total resources used
Net incoming resources
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
Restricted
Funds
Total
2021
Total
2020
£
£
£
£
40,385
0
40,385
55,976
0
0
0
364
0
0
0
0
40,385
0
40,385
56,340
0
0
0
0
37,561
0
37,561
52,117
1,237
0
1,237
1,561
38,798
0
38,798
53,678
1,587
0
1,587
2,662
16,062
0
16,062
13,400
17,649
0
17,649
16,062

Hub Church South Woodford

(A Company Limited by Guarantee)

Balance Sheet

As at 31st March 2021

Notes
Fixed Assets
Tangible assets
Current Assets
Debtors
8
Cash at bank and in-hand
12
Creditors: amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Creditors: amounts falling due after one year
NET ASSETS
CAPITAL AND RESERVES
General Funds
14
Restricted funds
Total funds		 £
£
0
7,494
12,607
20,101
2,452
17,649
17,649
0
17,649
17,649
0
17,649
2021		 £
£
0
627
16,919
17,546
1,484
16,062
16,062
0
16,062
16,062
0
16,062
2020		 £
£
0
627
16,919
17,546
1,484
16,062
16,062
0
16,062
16,062
0
16,062
2020
16,062
16,062
0
16,062

The company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

21/12/2021 Signed on behalf of the trustees/directors Wayne Bishop Date Signature of director authorising accounts 21/12/2021 being sent to Companies House Wayne Bishop Date

HUB CHURCH SOUTH WOODFORD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

1.2 Going concern

There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted.

1.4 Changes to accounting estimates

No changes to accounting estimates have occureed in the reporting period (3.46 FRS102 SORP).

1.5 Material prior year errors

No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP).

2 Accounting policies

2.1 Income

Recognition of income

Income is included in the Statement of Financial Activities (SoFA) when

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.

Grants and donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

Voluntary income is received by way of sponsorship and grants. It is shown in full in the SoFA, when received. Gifts in kind are valued at their estimate value to the charity and are included under the appropriate headings.

Government grants

The charity has not received any government grants in the reporting period.

HUB CHURCH SOUTH WOODFORD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2021

Tax reclaims on donations and gifts

The charity is not registered for gift aid.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Income from interest

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations.

Restricted funds

Restricted funds are to be used for specified purposes as required by the donor. Expenditure which meets these criteria is allocated to the relevant fund. Income derived from these funds is retained within the funds concerned. Designated funds are unrestricted funds which trustees have designated to be used for a specific purpose. Where these funds yield investment income, this is available for general purposes. Unrestricted funds are funds which are not designated or restricted.

2.2 Expenditure and liabilities

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

Deferred income

No material item of deferred income has been included in the accounts.

Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

Tangible fixed assets

Tangible fixed assets are recorded at cost or, in cases where assets are donated to the charity, at valuation at time of acquisition. The charity has no fixed assets.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

HUB CHURCH SOUTH WOODFORD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2021

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Taxation

The company is limited by guarantee and is a charity registered with the Charity Commission and is not, therefore, subject to corporation tax.

3 Incoming resources
3.1 Voluntary income
Donations
Grants
Gift aid
Total voluntary income
3.2 Income from charitable activities
Merchandise sales
Membership
Other activities
Total income from charitable activities
3.3 Other incoming resources
Investment income
Misc income
Total other incoming resources
Total income		 2021
2021
2021
2020
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
37,602
0
37,602
51,418
0
0
0
0
2,783
0
2,783
4,558
40,385
0
40,385
55,976
0
0
0
0
0
0
0
0
0
0
0
364
0
0
0
364
0
0
0
0
0
0
0
0
0
0
0
0
40,385
0
40,385
56,340

HUB CHURCH SOUTH WOODFORD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2021

2021
2021
2021
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
4 Resources expended
4.1 Cost of generating funds
Incurred seeking donations
0
0
0
Fundraising events
0
0
0
0
0
0
4.2 Charitable activities
Church services
31,031
0
31,031
Charitable donations
6,530
0
6,530
Total
37,561
0
37,561
4.3 Governance costs
Professional Fees
0
0
0
Accountancy fees
1,237
0
1,237
Bank Charges
0
0
0
Depreciation
0
0
0
Gain/Loss on Fixed Asset
0
0
0
1,237
0
1,237
Total resources expended
38,798
0
38,798
5 Fees for the examination of the accounts
2021
£
Independent examiner's fees
660
Other fees paid to the independent examiner
577
1,237
6 Staff costs and numbers
2021
£
Wages and salaries
24,100
National insurance contributions
4,320
SMP
(4,711)
Pension
532
Total staff costs
24,241
The average monthly number of employees during the year were as follows :
Administration
3
No employees received employee benefits for the reporting period.		 2021
Unrestricted
Funds
£
0
0		 2021
2021
Restricted
Total
Funds
Funds
£
£

0
0

0
0		 2020
Total
Funds
£

0

0
0
0
0
0
31,031
6,530
0
31,031

0
6,530
47,767

4,350
37,561
0
37,561
52,117
0
1,237
0
0
0
0
0

0
1,237

0
0

0
0

0
0
0

1,561

0

0

0
1,237
0
1,237
1,561
38,798
0
38,798
53,678
2020
£
660
901
1,561
2020
£
23,825
3,973
0
224
28,022
3

HUB CHURCH SOUTH WOODFORD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2021

7 Payments to trustees

In the period, the charity has paid trustees remuneration and benefits.

Reason
Tracy Bishop
Pastor
Nicola Langford
Pastor		 Remumeration
Pension
Total
£
£
£
13,833
228
14,061
8,571
0
8,571
22,404
228
22,632

During the period, no trustees were reimbursed for expenses incurred in charitable activities:

8 Debtors

Debtors
Prepayments
Creditors falling due within one year
Creditors
Accruals & Deferred Income
Total		 2021
£
7,494
0
7,494
2021
£
1,792
660
2,452		 2020
£
627
0
627
2020
£
824
660
1,484

9 Creditors falling due within one year

10 Obligations under hire purchase contracts

No hire purchase or lease contracts have been entered into during the period.

11 Contingent liabilities

There were no contingent liabilities at 31st March 2021.

HUB CHURCH SOUTH WOODFORD (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2021

12 Cash at bank and in hand

Cash
Bank accounts		 2021
£
0
12,607
12,607		 2020
£
0
16,919
16,919

13 Movement in funds

Restricted funds
Unrestricted funds
General fund
Analysis of net assets between funds
Tangible fixed assets
Investments
Net current assets
Long term liabilites
Balance at 31 March		 Balance
Balance
01-Apr-20
Income
Expenditure
31-Mar-21
£
£
£
£
0
0
0
0
0
0
0
0
16,062
40,385
38,798
17,649
16,062
40,385
38,798
17,649
2021
2021
2021
2020
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
0
0
0
0
0
0
0
0
17,649
0
17,649
16,062
0
0
0
0
17,649
0
17,649
16,062

14 Analysis of net assets between funds

15 Related party transactions

15.1 Control

Throughout the year, the charity was wholly controlled by the board of trustees.

15.2 Other related parties

During the year there were no transactions with related parties.

16 Called up share capital

The company is limited by guarantee and does not have share capital.