The Church in Norwich # **THE CHURCH IN NORWICH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 01 April 2020 CHARITY REGISTRATION NUMBER: 1183551** 1 The Church in Norwich ## **CONTENTS** **Reference and Administrative Information Report of the Trustees** **Independent Auditor’s Report - Please see separate pdf Statement of Financial Activities -** 2 The Church in Norwich ## **Reference and Administrative Information** ## **Trustees:** Mr Robert Anthony Finch Mr Christopher Paul Hill Mr Young Chul Kim ## 382 Bowthorpe Road Norwich NR5 8AG ## **Charity Number: 1183551 Auditor:** Mrs Mary Woodruff ## **Bankers:** Barclays Bank Barclays Business centre Whitefriars Branch Norwich Lloyds Bank ## **Solicitors:** Jackamans Solicitors Oak House 7 Northgate Street Ipswich IP1 3BX 3 The Church in Norwich ## **Report of the Trustees** The trustees present their report along with the financial statements of the charity for the year ended 31st March 2022. The Trustees have prepared the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”) and have used the Receipts and Payments basis for presenting the accounts. The Church in Norwich is constituted under a trust deed dated 23rd May 2019 and was registered as a Charity with the Charity Commission on the same date. Trustees were appointed by resolution passed at a meeting of the Church of which at least 14 days’ notice has been given at a previous meeting of the Church. There shall be no fewer than two trustees and not exceeding five trustees at any time. The trustees meet once yearly to discuss and make decisions regarding the broad strategy and areas of activities for the trust. The week-to-week management is handled by the weekly meetings of the leading brothers of the church, three of whom are trustees. The induction process for any newly appointed trustee comprises an initial meeting with the trustees and leading brothers concerning how the church fund is managed, including the procedures for handling donations made to the church. The welcome pack includes a copy of the governing trust deed, a copy of the trustees ’minutes, a copy of the last three years ’annual accounts, and a copy of the Charity Commission’s guidance _The Essential trustee: What You Need to Know._ ## **Risk Management** The trustees have examined the major financial risks that the charity faces and confirm that suitable measures have been taken to control these risks. ## **Objectives and Activities** The objectives of the charity are to support and advance the Christian faith by means of the function of the Church as a pillar and base of the truth of the faith revealed in the Bible, by the preaching of the gospel, by the spiritual nourishment of the new believers, by the perfecting of all believers to be living, functioning members in the Body of Christ, by holding meetings for prayer, for remembrance of the Lord and for prophesying unto mutual encouragement, exhortation and building up, by seeking to raise up and support full time workers, by supporting works to spread the gospel both locally and abroad and by regular and frequent fellowship with other churches throughout the earth for the practical keeping of the oneness of the Body of Christ universally. 4 The Church in Norwich The public benefits of the charity’s activities are: - 1) To provide meetings for Christian worship of an inclusive (i.e. nondenominational, non- sectarian, etc.) and mutually participatory nature for all those who wish to participate in such worship. - 2) To make available to the public Bible truth through the distribution of tracts and other Christian literature, through the speaking of such truth in Christian meetings, and through personal testimony and witness. - 3) To provide pastoral care through home and small group meetings, and on an individual basis as necessary. - 4) To support individuals, families and groups to attend trainings, conferences and other activities in line with the objectives above on an ad hoc basis. ## In producing their assessment of the benefit to the public provided by the charity, the trustees confirmed that they have complied with the duty set out in the Charities Act 2011 to pay due regard to the Charity Commission’s guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. ## **Summary of Activities and Achievements in 2021-2022** Due to the COVID restrictions and concerns around the virus many normal activities did not take place this year. We did spend £4837 on ‘mission’ activities which included £3000 to help the church in London purchase Lee Hall and £1000 as ‘gifts’. A group of students went to the church University Conference in the Autumn as a start to the return of normality. Meetings happened via zoom on the Sundays and for other meetings including young peoples work. In person meetings started with facemarks in March 2022. We spent £290 on leaflets for outreach. At present the hall can hold a maximum of 50 adults and 20 children but there is scope for an extension to allow greater numbers to meet. It is hoped that the building will house our office, a library and study rooms as well as allow for many kinds of meetings in the future. 5 The Church in Norwich ## **Financial Review** The Trust relies mainly, except for a small amount of bank interest and some rental income, on donations and legacies from individuals for its income. The total income for the year was £28723 of which £7000 was for paying back the loan from Amana Trust. The purchase of two new doors which were to make the building safer and keep it warmer cost £1618.73. This cost included some repair costs to the toilets. The boiler cost £48.59 for parts and repair. Several overgrown trees, which were cutting out the light to the building and possibly damaging the foundations as they were too close, were removed. This cost £3150 but a generous gift for £3000 was given for the work. The flat rental brought in £8390 which covered all the church running costs, including insurance and utility bills, with over £1000 spare. From this we were able to purchase a large screen for meetings and video trainings as well as other small items. ## **Reserves Policy** The CIO’s property, whose market value at 01 August 2019 was estimated at £400,000, may have given rise to an unrealised gain not recorded in these accounts due to some renovation work and house price increases in the area. It is the policy of the CIO to maintain free reserves at a level which equates to 10% of the estimated annual expenditure. This provides sufficient funds to cover management and administration and to respond to emergency needs which arise from time to time. Free Reserves were maintained at this level throughout the year. ## **Statement of Trustees’ Responsibilities** The trustees are responsible for preparing the Trustees ’Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 6 The Church in Norwich Laws applicable to charities in England and Wales require the trustees to prepare financial statements for each financial year that give a true and fair view of the incoming resources and application of the resources of the charity during the year and of its state of affairs at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2015 (FRS 102); 6 - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards and statements of recommended practice have been followed; - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the CIO will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Settlement and which enable them to ascertain its financial position and to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the Trust Deed. They are also responsible for safeguarding the assets of the Settlement and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## _**Approved by the trustees and signed on their behalf by:**_ Christopher Hill **- Trustee** **Dated 21st March 2024** 7 ||**Charity Name**
**THE CHURCH IN NORWICH**|**Charity Name**
**THE CHURCH IN NORWICH**|**Charity Name**
**THE CHURCH IN NORWICH**|**Charity Name**
**THE CHURCH IN NORWICH**|**Charity Name**
**THE CHURCH IN NORWICH**|**No (if any)**
**1183551**|**No (if any)**
**1183551**|**No (if any)**
**1183551**|**CC16a**| |---|---|---|---|---|---|---|---|---|---| ||**For the period**
**from**||Period start date
01/04/2021||**To**||Period end date
31/03/2022||| ||||||||||| |**Section A Receipts and payments**|||||||||| |**Unrestricted**
**funds**
**to the nearest £**
**A1 Receipts**|||**Restricted funds**
**to the nearest £**||**Endowment**
**funds**
**to the nearest £**||**Total funds**
**to the nearest £**||**Last year**
**to the nearest £**| |Voluntary receipts|**-**
**5,792-**||**-**
**14,092-**||**-**
**--**||**-**
**19,883-**||**-**
**--**| |Donation passthrough|**-**
**--**||**-**
**450-**||**-**
**--**||**-**
**450-**||**-**
**--**| |Flat rental|**-**
**8,390-**||**-**
**--**||**-**
**--**||**-**
**8,390-**||**-**
**--**| ||||||||||| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| |**_Sub total_**_(Gross income for AR)_
**-**
**14,182-**
**A2 Asset and investment sales,**
**(see table).**|**-**
**14,182-**||**-**
**14,542-**||**-**
**--**||**-**
**28,723-**||**-**
**--**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| |**_Sub total_-**
**--**
**_Total receipts_ -**
**14,182-**
**A3 Payments**|**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| ||||||||||| ||**-**
**14,182-**||**-**
**14,542-**||**-**
**--**||**-**
**28,723-**||**-**
**--**| ||||||||||| |Building repair|**-**
**3,426-**||**-**
**3,150-**||**-**
**--**||**-**
**6,576-**||**-**
**--**| ||||||||||| |Mission|**-**
**4,837-**||**-**
**--**||**-**
**--**||**-**
**4,837-**||**-**
**--**| |Church running expenses|**-**
**7,811-**||**-**
**--**||**-**
**--**||**-**
**7,811-**||**-**
**--**| CCXX R1 accounts (SS) 01/03/2024 1 |Donation passthrough|**-**
**--**||**-**
**200-**||**-**
**--**||**-**
**200-**||**-**
**--**| |---|---|---|---|---|---|---|---|---|---| |Loan repayment|**-**
**--**||**-**
**7,000-**||**-**
**--**||**-**
**7,000-**||**-**
**--**| ||||||||||| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| |**_Sub total_ **|**-**
**16,074-**||**-**
**10,350-**||**-**
**--**||**-**
**26,424-**||**-**
**--**| ||||||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||||||| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||| |**_Sub total_ **
**_Total payments_ **
**_Net of receipts/(payments)_ **
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_ **|**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||| ||||||||||| ||**-**
**16,074-**||**-**
**10,350-**||**-**
**--**||**-**
**26,424-**||**-**
**--**| ||||||||||| ||**-**
**1,892-**||**-**
**4,192-**||**-**
**--**||**-**
**2,299-**||**-**
**--**| ||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**||**-**
**--**| ||**-**
**10,939-**||**-**
**1,128-**||**-**
**--**||**-**
**12,067-**||**-**
**--**| ||**-**
**9,046-**||**-**
**5,320-**||**-**
**--**||**-**
**14,366-**||**-**
**--**| ||||||||||| |**Section B Statement of assets and liabilities at the end of the period**|||||||||| |**Categories**
**B1 Cash funds**|**Details**
Barclays Current Account
Lloyds Current Account||||**Unrestricted**
**funds**
**to nearest £**
**-**
**--**
**-**
**3,449-**
**-**
**5,597-**||**Restricted funds**
**to nearest £**
**-**
**--**
**-**
**6,615-**
**-**
**1,295-**||**Endowment**
**funds**
**to nearest £**| ||||||**-**
**--**||**-**
**--**||**-**
**--**| ||Barclays Current Account||||**-**
**3,449-**||**-**
**6,615-**||**-**
**--**| ||Lloyds Current Account||||**-**
**5,597-**||**-**
**1,295-**||**-**
**--**| ||**_Total cash funds_**||||**-**
**9,046-**||**-**
**5,320-**||**-**
**--**| ||(agree balances with receipts and payments account
(s))||||OK||OK||OK| ## **Section B Statement of assets and liabilities at the end of the period** |||||||**Unrestricted**|||**Restricted funds**|**Restricted funds**||||**Endowment**|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**Categories**|**Details**||||**funds**||||||||**funds**|| |||||||**to nearest £**||||**to nearest £**||||**to nearest £**|| |**B1**|**Cash funds**||||**-**|**--**|||**-**|**--**|||**-**|**--**|| |||Barclays Current Account|||**-**|**3,449-**|||**-**|**6,615-**|||**-**|**--**|| |||Lloyds Current Account|||**-**|**5,597-**|||**-**|**1,295-**|||**-**|**--**|| |||**_Total cash funds_**|||**-**|**9,046-**|||**-**|**5,320-**|||**-**|**--**|| |||(agree balances with receipts and payments account
(s))|||OK||||OK||||OK||| CCXX R2 accounts (SS) 01/03/2024 2 |**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the**
**charity’s own use**|**Details**|**Unrestricted**
**funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**| |---|---|---|---|---| |||**-**
**--**|**-**
**--**|**-**
**--**| |||**-**
**--**|**-**
**--**|**-**
**--**| |||**-**
**--**|**-**
**--**|| |||**-**
**--**|**-**
**--**|**-**
**--**| |||**-**
**--**|**-**
**--**|**-**
**--**| |||**-**
**--**|**-**
**--**|**-**
**--**| |||||**Current value**
**(optional)**| |||||**-**
**--**| |||||**-**
**--**| |||||**-**
**--**| |||||**-**
**--**| |||||**-**
**--**| |||||**Current value**
**(optional)**| ||Meeting hall|||| ||Projector|||| ||TV Equipment|||**-**
**--**| |||||**-**
**--**| |||||**-**
**--**| |||||**-**
**--**| |||||**-**
**--**| CCXX R3 accounts (SS) 01/03/2024 3 ## **B5 Liabilities** Signed by one or two trustees on behalf of all the trustees |||||||**-**|**--**||**-**|**--**| |---|---|---|---|---|---|---|---|---|---|---| |||||||**-**|**--**||**-**|**--**| ||||**Fund to which**||||**Amount due**|||**When due**| ||**Details**||**liability relates**||||**(optional)**|||**(optional)**| ||Loan - Meeting hall purchase||Restricted|||**-**|**250,000-**|||| ||Credit Card||Unrestricted|||**-**|**509-**|||| ||Donation passthrough||Restricted|||**-**|**250-**|||| |||||||**-**|**--**|||| |||||||**-**|**--**|||| ||Signature||Print||Name|||||Date of approval| ||||Christopher||||Hill|||01/04/2024| CCXX R4 accounts (SS) 01/03/2024 4