**Charity Registration No. 1180302** ## **FLOW CHURCH** **TRUSTEES' REPORT AND ACCOUNTS** **FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FLOW CHURCH** ## **CONTENTS** ||Page| |---|---| |Legal and administrative information|1| |Trustees' report|2 - 5| |Independent examiner's report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the accounts|9-12| ## **Flow Church** ## **Legal and Administrative Information** **Charity Number** 1180302 **Date of Registration** 12th October 2018 **End of Financial Year** 31st December 2020 ## **Trustees** The following Trustees served during the year: Jacob Benham Paul Emberton Sarah Harvey James McKean Steven Parker ## **Governing Document** Constitution of a Charitable Incorporated Organisation Dated 8th October 2018 ## **Charitable Objects:** The objective of the CIO is, for the public benefit, the advancement of the Christian faith in Surrey and such other parts of the United Kingdom and the world as the Charity Trustees may from time to time decide. **Principle Address & Registered Office** Unit 4, Fordwater Trading Estate Ford Road Chertsey KT16 8HE **Bankers** Barclays Bank UK Plc **Independent Examiner** Michael Homer AFA MIPA MCH Accountants Ltd 68 Charlton Road Andover Hampshire SP10 3JN 1 CHARITY COMMISSION FOR EIKLANO AND WALES Trustees. Annual Report for the period From 1*J•nuwy 2020 To 31•t Decembef 2020 ChM6ty reglstrat#)n nwnber: 1180302 Oty'•ctiv•s and Activiti•s Ihe pJt4"c IhÈ C Yc paai A¢h￿vements and Perlorniance p¥)i• Flnancial Review 1.22 Oetsds offvJThJ ￿th￿ty. deficrt Paaljl Paa12J COV You p*a1AB struelure. Governance and Management CK) AthlItion￿ ￿l0￿mIlK)n Ii)ptM)nall P￿131 P*•131 R•f•r•nu and Administrativ• d•taits n￿Lw 11 Jwnes Mt&e8n Char Sarth Hw Rix BwKJa DeclaralK4ns F￿1 Chw"r. etcl 1&f1C¥X121 ## **Flow Church** ## **Independent Examiner's Report** I report to the charity trustees on my examination of the accounts of the Charitable Incorporated Organisation for the year ended 31 December 2020 ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed. 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** In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the accounts do not accord with those records; or - 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. ## **Mr Michael Homer AFA MIPA** Independent Examiner for and on behalf of MCH Accountants Ltd 68 Charlton Road Andover Hampshire SP10 3JN Dated: 6 ## **Flow Church** **Statement of Financial Activities for the year ended 31st December 2020 (Including income and expenditure account)** |**Notes**
**Income from:**
Donations and gifts
**5a**
Charitable Activities
**5b**
**Total Income**
**Expenditure on:**
Charitable Activities
**6**
**Total Expenditure**
Net incoming/(outgoing) resources for the year
Total Funds brought forward at 1 January 2020
**Total Funds carried forward at 31 Dec 2020**|**£**
106,215
97
106,312
100,413
100,413
5,899
13,336
19,235
**Unrestricted**
**Funds**|**£**
-
1,000
1,000
1,000
-
3,049
2,049
**Restricted**
**Funds**|**Total**
**2020**
**£**
**106,215**
**97**
**106,312**
**101,413**
**101,413**
**4,899**
**16,385**
**21,284**|Total
2019
**£**
136,530
6,020
142,550
126,165
126,165
16,385
-
16,385| |---|---|---|---|---| All the church's operations are classed as continuing. There are no recognised gains or losses other than those reported on the Statement of Financial Activities. The notes on pages 7 to 12 form part of these financial statements. 7 ## **Flow Church Charity Registration No. 1180302** ## **Balance Sheet as at 31st December 2020** **----- Start of picture text -----**
Notes 2020 2019
£ £
Non Current Assets
Tangible Fixed Assets 3 3,330 -
Other Assets 4 8,735
-
12,065
Current Assets:
Debtors and Prepayments 8 9,877 5,265
Cash at bank and in hand 600 12,678
Total Current Assets 10,478 17,943
Current Liabilities:
Creditors: amounts falling due within
one year 9 - 1,258 - 1,558
Net Current Assets 9,220 16,385
Total Net Assets 21,284 16,385
Income Funds
General Fund 19,235 13,336
Restricted Funds 7 2,049 3,049
Total Funds 12 21,284 16,385
Approved by the Trustees on the 19.10.2021
Signed on their behalf by
**----- End of picture text -----**
Trustee James McKean (Head of Trustees) 8 ## **Flow Church** ## **Notes to the Financial Statements for the year ended 31st December 2020** ## **1. Accounting Policies** ## **Basis of Preparation** The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Flow Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. ## **Income** Income is recorded on the Statement of Financial Activities (SOFA) when it becomes probable the charity will receive the income, the charity becomes entitled to the income and the amount of income due to be received can be measured reliably. ## **Expenditure** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to that category. They include irrecoverable VAT. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **Liability Recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to discharge them. ## **Tangible Fixed Assets and Depreciation** Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates to write off the cost less estimated residual value of each asset over its expected useful life as follows: All Equipment 25% straight Line Assets costing less than £1000 are expended within the SOFA. ## **Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash at bank and in hand** Cash at bank and in hand includes cash and short term highly liquid investments. The Trustees seek to use short and medium term deposits where possible to maximise the return on monies held at the bank and to manage cash flow. ## **Pensions** The charity offers a defined contribution pension to all eligible staff and, at the Trustees' discretion, to other paid staff. At the year end there were contributions of £308 outstanding. ## **Funds** General funds are unrestricted funds which are available for use at the discretion of the directors in furtherance of the general objectives of the charity and which have not been designated for any other purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **2. Cash Flow** Under section 7 of FRS102 in relation to the Cash Flow statement, exemption has been claimed on the basis that Flow Church is a small charity. 9 ## **Flow Church** ## **Notes to the Financial Statements for the year ended 31st December 2020 (continued)** ## **3. Tangible Fixed Assets** **----- Start of picture text -----**
3. Tangible Fixed Assets Equipment
£
Cost 1st January 2020 -
Additions 3,630
Cost at 31st December 2020 3,630
-
Depreciation 1st January 2020
Charge for year 300
Depreciation at 31st December 2020 300
Net book value 31st December 2020 3,330
Net book value 31st December 2019 -
**----- End of picture text -----**
## **4. Other Assets** A security deposit of £8734.81 is being held by the Landlord under a 5 year rental lease agreement |**5. Income**
**a) Voluntary Income**
Gift Aided Donations
Gift Aid tax refund
Other Donations
**b) Charitable Activities**
Mission Trip
Activities and Events
**Total Income**|**Unrestricted**
**Funds**
**£**
66,409
16,602
23,204
106,215
-
97
97
**106,312**|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
**-**|**Total**
**2020**
**£**
**66,409**
**16,602**
**23,204**
**106,215**
**-**
**97**
**97**
**106,312**|Total
2019
£
51,785
12,946
71,799
136,530
5,230
790
6,020
142,550| |---|---|---|---|---| Of the £142,550 total income for the year to 31 December 2019, £125,560 was unrestricted and £16,990 was restricted 10 ## **Flow Church** ## **Notes to the Financial Statements for the year ended 31st December 2020 (continued)** |**6. Expenditure**
**Unrestricted**
**Funds**
**Charitable Activities:**
**£**
Misssion & Events
3,237
Youth and Children
4
Sunday Meetings
3,749
Rent
12,885
Office & Administration
25,384
Salaries
54,204
Accountant Fees
950
**Total Expenditure:**
100,413
Support Costs included in the above consist of:
Salaries
50,504
Office and Administration
25,384
Governance Costs
950
**Total**
76,839|**Restricted**
**Funds**
**£**
1,000
-
-
-
-
-
-
1,000
-
-
-
-|**Total**
**2020**
**£**
**4,237**
**4**
**3,749**
**12,885**
**25,384**
**54,204**
**950**
**101,413**
**50,504**
**25,384**
**950**
**76,839**|Total
2019
£
18,755
827
3,945
34,610
7,077
59,701
1,250
126,165
59,701
7,077
1,250
68,028| |---|---|---|---| Governance costs in 2019 and 2020 consist entirely of fees due to the independent examiner in respect of examination services. |**7. Restricted Funds**
Mission Trip
**Total**|**Balance at**
**31 Dec 2019**
**£**
3,049
**3,049**|**Income**
**£**
-
**-**|**Expenditure**
**£**
1,000
**1,000**|**Balance at**
**31 Dec 2020**
**£**
**2,049**
**2,049**| |---|---|---|---|---| The Restricted Funds are wholly represented by the charity's cash reserves. ## **Restricted Funds are held for the following purposes:** Mission Trip This fund is held for mission trips to provide support to churches, and refugee aid to other nations |**8. Debtors and Prepayments**
Gift Aid Recoverable
Prepaid Rent and Insurance in Advance
**Total**
**9. Creditors and Accruals: amounts due within one year**
Independent Examiner's Fees
Pensions payable
**Total**|**2020**
**£**
**3,281**
**6,596**
**9,877**
**2020**
**£**
**950**
**308**
**1,258**|2019
£
4,514
751
5,265
2019
£
1,250
308
1,558| |---|---|---| 11 ## **Flow Church** ## **Notes to the Financial Statements for the year ended 31st December 2020 (continued)** ## **10. Staff Costs** The Charity employed two members of staff (2019: two) during the year. The costs were: |Gross Salaries & Employers NIC
Employers Pension Contributions
**Total**|**2020**
**£**
**50,504**
**3,700**
**54,204**|2019
£
56,463
3,238
59,701| |---|---|---| There are no employees with emoluments over £60,000 ## **11. Trustees and related parties** During the financial period, in furthering the charity's objectives, Mr L Parker and Mrs E Parker (Son and daughter in law of Mr Stephen Parker, Chair of trustees) were employed by the charity in accordance with the CIO Constitution. Details of salaries and pensions are included in note 10. ## **12. Net Assets between Funds** |Fund balances at 31 December 2020 are represented by:
Non Current Assets
Current Assets
Current Liabilities
**Total**
Fund balances at 31 December 2019 are represented by:
Fixed Assets
Current Assets
Current Liabilities
Total|Unrestricted
funds
£
12,065
8,428
1,258
-
**19,235**
Unrestricted
funds
£
-
15,984
2,648
-
13,336|Restricted
funds
£
-
2,049
-
**2,049**
Restricted
funds
£
-
3,049
-
3,049|**Total**
**2020**
**£**
**12,065**
**10,477**
**1,258**
**-**
**21,284**
Total
2019
£
-
19,033
2,648
-
16,385| |---|---|---|---| ## **13. Operating Leases** Flow Church entered into a 5 year lease agreement starting 1st September 2020 for a light Industrial Unit at Chertsey Industrial Park with a break clause on the 1st September 2023 Rent of £4218.58 has been charged to the Income and Expenditure in the current financial year. Rental Payments due under the lease in future periods:within 1 year £26,502.15 2 years to the 1st September 2023 £58,583.70 12