ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
CRC Manchester
(A company limited by guarantee) Charity registration number: 1187350 Company registration number: 12026745
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
CRC MANCHESTER
CONTENTS
| Legal and Administrative Information | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 14 |
CRC MANCHESTER
LEGAL AND ADMINISTRATIVE INFORMATION
Charity Registration 1187350 Number Company Registration 12026745 Number Trustees Stephen Ridgely Izak Marais Ninette Heyneke Registered address 46 Commercial Road London E1 1LP Bankers Barclays Bank Plc Leicester LE87 2BB Independent Examiner G Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
Page 1
CRC MANCHESTER
TRUSTEES' REPORT
The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 May 2021.
Structure, governance and management
Nature of governing document
The charity is constituted under a Memorandum of Association dated 31 May 2019 and is a registered charity number 1187350.
Recruitment and appointment of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Objectives and activities
Objects and aims
The principal object of the charity is the advancement of the Christian faith.
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Review of activities
During the year under review CRC Manchester hosted Sunday celebration services and weekly mid-week small group meetings for members of the community of Manchester and surrounding areas.
Celebration services were held in person in September, October and from end of February to the end of the financial year under review. For the remaining months, due to the national lockdown, services moved to online streaming platforms and all other meetings were also successfully hosted virtually.
Regular prayer meetings and trainings took place as well as outreaches to offer support to the local community during COVID-19 pandemic. The church continued to grow in membership and in finances during the period under review.
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CRC MANCHESTER
TRUSTEES' REPORT
Financial review
Income for the year amounted to £54,191 (2020: £37,891) and expenditure £34,027 (2020: £31,768). The surplus of £20,164 (2020: £6,123) was added to funds brought forward with unrestricted fund values being £26,287 at the year end.
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. For this reason they continue to adopt the going concern basis in preparing the financial statements.
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CRC MANCHESTER
TRUSTEES' REPORT
Statement of Trustees' Responsibilities
The Trustees (who are also the directors of CRC Manchester for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under company 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 charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the Trustees of the charity on 23 February 2022 and signed on its behalf by:
......................................... Ninette Heyneke Trustee
Page 4
CRC MANCHESTER
INDEPENDENT EXAMINER'S REPORT
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 May 2021 which are set out on pages 6 to 14.
Respective responsibilities of Trustees and examiner
As the charity’s Trustees of CRC Manchester (and also its directors 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 CRC Manchester are not required to be audited 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 matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of CRC Manchester as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
...................................... G Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
23 February 2022
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CRC MANCHESTER
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 3 54,191 Total income 54,191 Expenditure on: Charitable activities 4 34,027 Total expenditure 34,027 Net income 20,164 Net movement in funds 20,164 Reconciliation of funds Total funds brought forward 6,123 Total funds carried forward 10 26,287 |
Total 2021 £ 54,191 54,191 34,027 34,027 20,164 20,164 6,123 26,287 |
Total 2020 £ 37,891 |
|---|---|---|
| 37,891 | ||
| 31,768 | ||
| 31,768 | ||
| 6,123 | ||
| 6,123 - |
||
| 6,123 |
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
CRC MANCHESTER
REGISTERED NUMBER: 12026745
BALANCE SHEET AS AT 31 MAY 2021
| Note Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: Amounts falling due within one year 9 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 10 |
2021 £ 1,033 7,423 23,959 31,382 (6,128) 25,254 26,287 26,287 26,287 |
2020 £ - 7,917 3,685 |
|---|---|---|
| 11,602 (5,479) |
||
| 6,123 | ||
| 6,123 | ||
| 6,123 | ||
| 6,123 |
For the financial year ending 31 May 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 6 to 14 were approved by the Trustees, and authorised for issue on 23 February 2022 and signed on their behalf by:
......................................... Ninette Heyneke Trustee
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2021
1 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
CRC Manchester 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.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2021
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2021
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Furniture and equipment 25% on reducing balance
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2021
3 Income from donations and legacies
| Donations and legacies; Donations Gift aid reclaimed |
Unrestricted funds General £ 46,067 8,124 54,191 |
Total 2021 £ 46,067 8,124 54,191 |
Total 2020 £ 31,947 5,944 |
|---|---|---|---|
| 37,891 |
4 Expenditure on charitable activities
| Note Premises costs Ministry and meeting expenses Equipment Manse costs Communications Office expenses Printing, post and stationery IT software and consumables Professional fees Travelling and subsistence Miscellaneous Bank charges Independent examination Depreciation, amortisation and other similar costs Grant funding of activities 5 |
Unrestricted funds General £ 4,860 5,109 3,521 11,558 696 1,217 827 1,154 675 277 290 210 600 345 2,688 34,027 |
Total 2021 £ 4,860 5,109 3,521 11,558 696 1,217 827 1,154 675 277 290 210 600 345 2,688 34,027 |
Total 2020 £ 14,730 3,250 730 8,622 69 90 45 344 710 655 - 82 600 - 1,841 |
|---|---|---|---|
| 31,768 |
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2021
5 Grant-making
Analysis of grants
Donations
Grants to institutions 2021 2020 £ £ 2,688 1,841
6 Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
1 Trustee is provided with accommodation at a cost of £11,558 (2020: £8,622).
The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.
7 Tangible fixed assets
| Cost Additions At 31 May 2021 Depreciation Charge for the year At 31 May 2021 Net book value At 31 May 2021 |
Furniture and equipment £ 1,378 1,378 345 345 1,033 |
Total £ 1,378 |
|---|---|---|
| 1,378 | ||
| 345 | ||
| 345 | ||
| 1,033 |
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2021
8 Debtors
| Prepayments Accrued income Other debtors 9 Creditors: amounts falling due within one year |
2021 £ 1,400 2,892 3,131 7,423 |
2020 £ - 5,944 1,973 |
|---|---|---|
| 7,917 | ||
| Trade creditors Other creditors Accruals 10 Funds Unrestricted funds General Unrestricted funds General |
Balance at 1 June 2020 £ 6,123 Balance at 31 May 2019 £ - |
Incoming resources £ 54,191 Incoming resources £ 37,891 |
2021 £ 1,582 3,777 769 6,128 Resources expended £ (34,027) Resources expended £ (31,768) |
2020 £ 68 3,779 1,632 |
|---|---|---|---|---|
| 5,479 | ||||
| Balance at 31 May 2021 £ 26,287 |
||||
| Balance at 31 May 2020 £ 6,123 |
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MAY 2021
11 Analysis of net assets between funds
| 11 Analysis of net assets between funds | ||
|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 1,033 31,382 (6,128) 26,287 Unrestricted funds General £ 11,602 (5,479) 6,123 |
Total funds at 31 May 2021 £ 1,033 31,382 (6,128) |
| 26,287 | ||
| Total funds at 31 May 2020 £ 11,602 (5,479) |
||
| 6,123 |
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