Charity Registration No. 1180302
FLOW CHURCH
TRUSTEES' REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
Trustees
The following Trustees served during the year:
Paul Emberton Sarah Harvey James McKean Steven Parker Rakesh Kumar Banga (Appointed 11th May 2021)
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
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CHARITY COMMISSION FOR ENLAND AND WALES Trustees. Annual Report for the period From Jan 2021 To 31 Dec 2021 Charfty narne: Flow Church Charlty reglstratlon numb•r: 1180302 Objectives and Actlvitles Summary of the purposes of the charity 8s set out in its ovemin document Summary of the main activitles in relalion to Ihosa purposes for the public benefit, particular, the 8Ctivllles. projects or servlces Idenlified In th¢ 8ccounls. Staternent confim)Ing whether the Irus1888 havè had regard to the guid8nca issued by the Charity Commlssioft on publlc b8n8flt P•r• 1.17 Tha advBncernent of Ihe ch5 F81th In Svrrey an¢J lh• UK 8nd the wortd os Iru81&é8 may from lirne to lime decide Running alld organising of Sunday s8rvic&s and ¢omrnunlty aclivities. Running an onllno Friday night rrTreeting. Pasknr81 car and wundl for members. Mlsslons work, Induding oryanised trips. Parn f.17 qnd In 88Mlng oblectlves and planning aCutIo9, the Trustees have given due exjnslderation to thfy guidan¢e putyJish8d by Iho Charity Commi88ion r•latinu 10 public benefit Addltlon41 Informatlon {optlonall You ma choose to include further statemer¢ls where relevant about-. SORP thrary2 Currently do not have one Pollcy on grant making Currently do not have one 1.38 Policy on SOGial Investment Including program lated Investment Running of Friday night onllne meetlng- Sunday services," community actlvltles and organlsed mlssion trlps. 1.38 Conlribulion made by voILtnt88rs Other
Achlevements and Performance 50RP i•l•rwcy Flow Church bagan having 2 loc8tlons for our Svnday services. so more people In th& communSty ¢0 get connè¢ted to a place doser to Ihelr home. Flow Church ran 8n onllne conference 8imed at helping leader5 across Europe. which had 40 notions in 8ttend8nc8 overall. Ran a mlsslon knp to Norway whare we help8d 8 lo¢al church communlty Iherg. so hèld local community evenls for Christmas. In¢Avding 8 pub carol servl¢o reachlng out to thos8 In thè eA)mmunlty. Summary of the maln achlevements of the chartty. identifying the 4Jiff8r8n¢e the charity's work has made to the circumstances of ils benefici8rie5 and any er benefits to soclety as a whol¥. 1.20 Flnanclal Revlgw R&vléw of the charity, financial positlon 8t Ihe end of the nod Statement èxplaining tha policy for holdlng reserves Statin are held Amount of reseTv8s held Reasons for holdlng zero reserves Details of fund materlally in gficit Explanaiion of any uricertainties about th8 ¢hariiy ¢OnfinuTng as a going ¢onGeffl P•rn 1.21 1.22 P•rb 1.22 P•rn 1.22 P•r& 1.24 Addltlonal Infomiatlon {optlonall You ma choose to include further ststèmen15 where r8l&vant about.. Donations from church m8mb8rs Tha charity's princip81 sources of fun(Is Ilncludlng any fundiaisingl P 1.47 Not rel8vant Inveslment pollcy and objectives inclu¢Jing any
50oal Invesimenl policy adopted Finoncial Slalus gel$ discussed 8t aV8ry Trustee meeting Currenl risks ar8 rising cost of Ilving aflectSng the people and tho bullding we are In. A descrfption of tha prindpal risks facing the charity Olher Stru¢tur•, Governance and Management Desulption of charity's Irusls.. Type of govemlng document Irusl deed, ro al charter Ilow is the charity con51&luted7 le.g unincorporated association, CIO Truslea selection meth¢)ds iJ)duding details of any constitutional provisions e.g. elèction to k¥JSl or name or any person oi body entitled lo appoint on8 or mole trustees P•rb 1.25 Constllutk)n of CIO P•Tr 1.25 cio P•r• 1.26 Truste&s are Scled and olecled 8¢¢£Ydlw lo Ihe prowsions sai out In Ihe rXJnstllvtn (k)Cment Addltlonal Inforniaiion loptlonall You m8 choose to include further $18ternents wher& relevant about.. No WSGY in plBf8 yet Pollc+as and protedures adopted for the induction and training of trustee5 P151 Kerflh Churc s the Churth we were planted Irom. We have a good relaenShIp %wlh them and Ihey support us with adv8 and 8UPPOrt en eded. Tho ch8riVs org8n1$8tional structure and any wider nefv/ork wth which the charity works ¥.51 NIA Relationship wth any laled p8rties P•r• 1.51 Other
Declaratlons Tho tru6t••• declara that th•y hav• approved the Irus¢•, roport abov•. Slgn•d on behalf ol the eharlty's Iruste88 Slgn8tur•lsl Full nam•l8) S MA£ve4 Po8ltlon l•g S¢¢rotary. Chalr. •tcl /P4 Dat iliol z6ZZ
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 2021
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
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the accounts do not accord with those 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.
Mr Michael Homer AFA MIPA
Independent Examiner for and on behalf of MCH Accountants Ltd 68 Charlton Road Andover Hampshire SP10 3JN
Dated: 20th October 2022
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Flow Church
Statement of Financial Activities for the year ended 31st December 2021 (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 2021 Total Funds carried forward at 31 Dec 2021 |
£ 100,006 2,045 102,051 99,194 99,194 2,857 19,235 22,092 Unrestricted Funds |
£ - 2,049 2,049 2,049 - 2,049 - Restricted Funds |
Total 2021 £ 100,006 2,045 102,051 101,243 101,243 808 21,284 22,092 |
Total 2020 £ 106,215 97 106,312 101,413 101,413 4,899 16,385 21,284 |
|---|---|---|---|---|
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 9 to 12 form part of these financial statements.
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1735 9.171 Fundi f9.ZJS Fuv 12
Flow Church Charity Registration No. 1180302
Balance Sheet as at 31st December 2021
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Notes 2021 2020
£ £
Non Current Assets
Tangible Fixed Assets 3 2,422 3,330
Other Assets 4 8,735 8,735
11,157 12,065
Current Assets:
Debtors and Prepayments 8 11,839 9,877
Cash at bank and in hand 354 600
Total Current Assets 12,193 10,478
Current Liabilities:
Creditors: amounts falling due
within one year 9 - 1,258 - 1,258
Net Current Assets 10,935 9,220
Total Net Assets 22,092 21,284
Income Funds
General Fund 22,092 19,235
Restricted Funds 7 - 2,049
Total Funds 12 22,092 21,284
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The notes on pages 9 to 12 form part of these financial statements.
Approved by the Trustees on the
Signed on their behalf by
Trustee
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Flow Church
Notes to the Financial Statements for the year ended 31st December 2021
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 2020) - (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.
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Flow Church
Notes to the Financial Statements for the year ended 31st December 2021 (continued)
3. Tangible Fixed Assets
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3. Tangible Fixed Assets Equipment
£
Cost 1st January 2021 3,630
Additions -
Cost at 31st December 2021 3,630
Depreciation 1st January 2021 300
Charge for year 908
Depreciation at 31st December 2021 1,208
Net book value 31st December 2021 2,422
Net book value 31st December 2020 3,330
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4. Other Assets
A security deposit of £8735 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 Other Income Total Income |
Unrestricted Funds £ 69,266 13,708 17,032 100,006 1,200 - 845 2,045 102,051 |
Restricted Funds £ - - - - - - - - - |
Total 2021 £ 69,266 13,708 17,032 100,006 1,200 - 845 2,045 102,051 |
Total 2020 £ 66,409 16,602 23,204 106,215 - 97 - 97 106,312 |
|---|---|---|---|---|
Of the £106,312 total income for the year to 31 December 2020, £106,312 was unrestricted
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Flow Church
Notes to the Financial Statements for the year ended 31st December 2021 (continued)
| 6. Expenditure Unrestricted Funds Charitable Activities: £ Misssion & Events 2,689 Youth and Children - Sunday Meetings 3,694 Rent 28,690 Office & Administration 9,588 Salaries 53,583 Accountant Fees 950 Total Expenditure: 99,194 Support Costs included in the above consist of: Salaries 5,358 Office and Administration 9,588 Governance Costs 950 Total 15,897 |
Restricted Funds £ 2,049 - - - - - - 2,049 - - - - |
Total 2021 £ 4,738 - 3,694 28,690 9,588 53,583 950 101,243 5,358 9,588 950 15,897 |
Total 2020 £ 4,237 4 3,749 12,885 25,384 54,204 950 101,413 5,420 25,384 950 31,754 |
|---|---|---|---|
Support costs include 10% of total staffing costs (restated for 2020)
Governance costs in 2020 and 2021 consist entirely of fees due to the independent examiner in respect of examination services.
| 7. Restricted Funds Mission Trip Total |
Balance at 31 Dec 2020 £ 2,049 2,049 |
Income £ - - |
Expenditure £ 2,049 2,049 |
Balance at 31-Dec-21 £ - - |
|---|---|---|---|---|
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 |
2021 £ 2,318 9,521 11,839 2021 £ 950 308 1,258 |
2020 £ 3,281 6,596 9,877 2020 £ 950 308 1,258 |
|---|---|---|
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Flow Church
Notes to the Financial Statements for the year ended 31st December 2021 (continued)
10. Staff Costs
The Charity employed two members of staff (2020: two) during the year. The costs were:
| Gross Salaries & Employers NIC Employers Pension Contributions Total 2020 Note: Gross Salary and Employers Pension split restated There are no employees with emoluments over £60,000 |
2021 £ 51,083 2,500 53,583 |
2020 £ 51,704 2,500 54,204 |
|---|---|---|
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 2021 are represented by: Non Current Assets Current Assets Current Liabilities Total Fund balances at 31 December 2020 are represented by: Fixed Assets Current Assets Current Liabilities Total |
Unrestricted funds £ 11,157 12,193 1,258 - 22,092 Unrestricted funds £ 12,065 8,428 1,258 - 19,235 |
Restricted funds £ - - - - Restricted funds £ - 2,049 - 2,049 |
Total 2021 £ 11,157 12,193 1,258 - 22,092 Total 2020 £ 12,065 10,477 1,258 - 21,284 |
|---|---|---|---|
13. Operating Leases
Flow Church entered into a 5 year lease agreement starting 1st September 2021 for a light Industrial Unit at Chertsey Industrial Park with a break clause on the 1st September 2023
Rent of £28,525 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 £34,843 2 years to the 1st September 2023 £26,234
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