## **BUCKINGHAM EVANGELICAL CHURCH** ____________________________________________ ## **REPORT & ACCOUNTS** **FOR THE YEAR ENDED 30 JUNE 2021** ____________________________________________ Page 1 of 10 ## **BUCKINGHAM EVANGELICAL CHURCH** ## **FOR THE YEAR ENDED 30 JUNE 2021** ## **LEGAL & ADMINISTRATIVE DETAILS** **ADDRESS FOR CORRESPONDENCE** Buckingham Evangelical Church 17 Otters Brook Buckingham MK18 7EB **GOVERNING DOCUMENT** Constitution dated October 2019 **TRUSTEES** James Pope (Pastor/Elder) James Dean (Elder) Phil Goss (Elder) CHARITY NUMBER 1187402 BANKERS National Westminster Bank Plc 80 High Street Stony Stratford Milton Keynes MK11 1AJ INDEPENDENT EXAMINER Jill Kler Kler Associates Limited 21 Kilwinning Drive Milton Keynes MK10 9BW ## **ADDRESS FOR CORRESPONDENCE** ## **INDEX** Page 2 Legal & Administrative Details Page 3 to 4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8 to 10 Notes to the Accounts Page 2 ## **BUCKINGHAM EVANGELICAL CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021** The Trustees have pleasure in submitting the Report and Accounts for the year. ## **Objects of the charity** The Trust seeks to demonstrate the Christian faith in action by presenting the Gospel clearly so that people may be drawn to trust Jesus Christ as personal saviour; to teach Scripture so that people can grow to spiritual maturity and usefulness in Christian service; to share with other churches the responsibility of reaching all people with the gospel; to develop leadership which will strengthen this church, encourage other churches and begin new churches elsewhere; thereby preserving for coming generations a body with responsibility and spiritual stability. ## **Government** The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the Trust. New trustees are appointed by the members of the church. ## **Review of Activities** There has been a demonstration of the Christian faith in action by serving the community in which it operates through preaching the Gospel, Christian teaching and acts, and providing opportunities for non-Church members to explore the Christian message. This had not ceased in the previous year but had become difficult due to the Covid-19 pandemic, many of our activities had been moved online. This year has seen a mix of online and in person offerings in line with government guidance and the easing of restrictions. After holding our Christmas Carol service online, it was excellent to be able to offer our Easter services both online and in person. A welcome was given to the local community to partake in which way they preferred. Normal Sunday worship has also been able to resume in person and as well as online, as to have mid-week study groups. We have continued to run training courses online. The church has continued to partner with other local churches to pastorally support the local community, to assist in a school’s programme and run an annual holiday club. Whilst the schools programme remains in an online format the holiday club was permitted to run again in person following covid guidelines. Additionally, the church has sought to take our Lord's Great Commission seriously through the support of various Christian missionaries and agencies. We have continued to receive reports from those involved this year. The church has also taken charitable collections and partnered with other organisations to help those in need as a result of the pandemic. This year the church has attended a local council organised event to offer assistance and support to those in need, we look forward to doing more of these activities in the coming year. The church organisation type has changed from an Charitable Unincorporated Association (CUA) to a Charitable Incorporated Organisation (CIO). The new CIO was registered with the charity commission on 16 January 2020. The transfer date from the CAU to a CIO was 31 December 2020. At this date all the assets, liabilities and employees of the CAU were transferred to the CIO. In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission. Page 3 The church has enjoyed welcoming the community in joining its online celebrations for Christmas and Easter. Additionally, the church has sought to take our Lord's Great Commission seriously through the support of various Christian missionaries and agencies. It was delighted to receive a report from one of these partners in person early this year and a further two in an online format. ## **Financial Review** This report covers the period from when the CIO was registered on 16 January 2020 until 30 June 2021. As the church was operating as a CAU during 2020 the only income and expendure for the CIO was in 2021, so the report effectivly covers 6 months. Finances for the church came from freewill gifts and offerings to the church, and from interest on church bank accounts. £250 was received as restricted gifts. These restricted funds were disbursed per restriction. £5,463 was claimed back as gift aid. During the financial year, receipts of £32,952 were received, of which £250 were restricted gifts (including gift aid claimed back); payments were £26,284 of which £0 were restricted. The main account bank balance at the year end was £8,520 after adjusting for uncleared transactions. The deposit accounts year end balance for 2021 were £56,006 (Stewardship Services), £45,196 (Shawbrook Bank) and £90,091 (Redwood Bank). ## **Reserves Policy** The church had a balance of approximately £198,000 in unrestricted funds at the year end. The trustees have been investigating different options to use these funds in line with the charities objectives. Some of the plans have been delayed due to the coronavirus pandemic. ## **Trustees' Responsibilities** Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities ## **Approval** This report was approved by the trustees on 9 January 2022 and signed on their behalf by: ………………………………… …………………………………………… James Dean James Pope Page 4 Independent Examiner's Report 21 Kihvinning DrNe. Monkston Milton Keynes. MK10 9BW Telephone. 1019081325 120 Fox'.1019081393175 Ernail." info KAL Kler Associates Limited Inde ndent examiner's rt on the a¢¢ounts Report to the tnLSteeslme]nbers of.. BuekiA8ham EYangeli¢d Church On accounts for th¢ year ending 301h June 2021 eres n11b￿l¢le$ of trnitees and examijter The charities trusttts consider that all audii is not required forthis year (under section 145 of the ¢haTities act 2011{the act). and that an independent exatninatiort is needed. It is my Te5Wn5ibility 10-. Examine the accounts (under section 145 of the a￿). To follow the procedures laid dowi tn the Genernl Dire¢tiOftLS 8iven by the ChaTitie5 Commi&sion under section 145(5Mb) of th¢ act. And To slate wheth¢r ￿l¢￿lar matters have come to my attention. Buts if iDde ndtttt examiners tatement My Exami￿10￿ w&s carried out in accordance with G¢neral Dtrections given ty the Ch￿Ille$ CommissiotL An eXami￿10n includes a review of the accounting records kept by the ¢lJarity alld a com￿]Son of the ac¢ounls presented ￿7th those records. It also includes consideration of anv unusual ilems or disclosures in th¢ accounts, and seeking explanation fTOm tbe trusttts concerning any such matters. The procedures undertaken do provide all the evidenc¢ thai would Ee required in an audiL and nseqUen￿Y I do not express an audit OPiDiOn on the accounts. Inde ndeDt st*temen I have examined the records and a¢¢oullts provided from the chariry and in doing so find the following The record5 kept in good order and in accowdance section 41 of the ACL The accounts agtre in all &%pects the accounling recor&8 and a8ree with the accountiDg requirements of the act. There is nothing to %%.hich in my Opini￿ attention should ￿ drnwn in orderto enable & prO￿r understanding if the accounts ￿ be reach￿. Mrs G Kler REf4¥FEREO ￿￿E.. 21 ORWE. K4(kNKSTON. MLTON ￿E%￿S. BWNf*l￿R£. MK109NY REGISTERÉO IM ENGLAND 3r￿￿5 Page 5 ## **BUCKINGHAM EVANGELICAL CHURCH** ## **STATEMENT OF ASSETS & LIABILITIES** ## **AS AT 30 JUNE 2021** ## **1. Fixed Assets** |**1. Fixed Assets**|| |---|---| |Insured value of the assets owned:
Equipment
**2. Bank & Cash Balances**
Natwest Current Account
Stewardship Account
Shawbrook Saving Account
Redwood Bank
Cash float|Year End
Transferred
Opening Balance
30/06/2021
into CIO*
16-Jan-20
£
£
£
12,700
12,700
0| ||**12,700**
**12,700**
**0**| ||Year End
Transferred
Opening Balance
30/06/2021
into CIO*
16-Jan-20
£
£
£
8,520
45,550
0
56,006
102,399
0
45,196
45,196
0
90,091
0
0
0
0
0| ||**199,813**
**193,145**
**0**| |**3. Other Assets & Liabilities**
Assets *
Gift aid tax recovery not yet received
Liabilities *
Unbilled fee for Independent Examination
Accrued charges
Net other assets|Year End
Transferred
Opening Balance
30/06/2021
into CIO*
16-Jan-20
5,380
5,463
0| |---|---| ||5,380
5,463
0
340
0
0
0
0
0| ||5,040
5,463
0| * Balances, assets and liabilities transferred from the CUA, Buckingham Evangelical Church, on 31 December 2020. The accounts were approved by the trustees and signed on their behalf on 9 January 2022 by |…………………….|…………………….| |---|---| |James Dean|James Pope| The notes on pages 8 - 10 form part of these accounts. Page 6 ## **BUCKINGHAM EVANGELICAL CHURCH** ## **RECEIPTS AND PAYMENTS ACCOUNT** FOR THE YEAR ENDED 30 JUNE 2021 ||Notes|Unrestricted|Restricted|Totals| |---|---|---|---|---| |||Funds|Funds|Funds| |||£|£|£| |**Receipts**||||| |**_Voluntary receipts_**||||| |Grants and gifts received||27,053|
250|
27,303| |Tax refunds under Gift Aid||5,463|
0|
5,463| |||32,516|
250|
32,766| |**_Other receipts_**||||| |Interest received||186|
0|
186| |**Total Receipts**||32,702|
250|
32,952| |**Payments**||||| |**_Charitable expenditure in furtherance of the_**||**_church's objectives_**||| |Direct costs|2|
22,484|
0|
22,484| |Grants paid|3|
3,800|
0|
3,800| |**Total Payments**||**26,284**|
**0**|
**26,284**| |Net Receipts/(Payments)||6,418|
250|
6,668| |before transfers||||| |Transfers between funds||0|
0|
0| |**Net Movement in Funds**||**6,418**|
**250**|
**6,668**| |Opening Balance 16 January 2020||0|
0|
0| |Transfer from CUA 31 December 2020||191,834|
1,311|
193,145| |Balances at 30 June 2021||198,252|
1,561|
199,813| The notes on pages 8 - 10 form part of these accounts. Page 7 ## **BUCKINGHAM EVANGELICAL CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 30 JUNE 2021** ## **1 Accounting Policies** The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities. |**2**
**a)**
**b)**|**Direct costs**
Unrestricted
Restricted
Funds
Funds
£
£
**Congregational Costs**
Property costs rent
1,389
0
Licenses (eg Copyright/CCPAS)
0
0
Insurance, Legal & Accounting
405
0
Visiting Speakers, Choirs & Groups
50
0
Refreshments
0
0
FIEC
1,117
0
Office Supplies
0
0
Minor equipment & Resources
988
0
Benevolent Fund
0
0
Other Congregational Costs
0
0| |---|---| ||**3,949**
**0**
**Personnel**
Personnel Salary, Pension, Tax
11,500
0
Housing for Pastor
6,975
0
Personnel Training
0
0
Re-imbursement of Elders' Expenses
0
0
**Sub Total**| ||**18,475**
**0**
**Sub Total**| ||**Congregational Costs Total**
**22,424**
**0**| ||**Outreach**
Advertising
0
0
Outreach Events
0
0
Sunday School & Work Amongst the Young
0
0
Literature
60
0| ||**Outreach Total**
**60**
**0**| ||| ||**Direct Costs Total**
**22,484**
**0**| Page 8 ## **BUCKINGHAM EVANGELICAL CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 30 JUNE 2021** |**3**
**a)**
**b)**|**Grants Paid**
Unrestricted
Restricted
Funds
Funds
£
£
**Individuals (Missions)**
Total Regularly supported individuals
1,800
0
One-off gifts to individuals
200
0| |---|---| ||2,000
0
**Institutions**
London City Mission
900
0
OMF
900
0
Institutions (grants less than £1000 per year)
0
0
**Total**| ||1,800
0
**Total**| ||**Grants Total**
**3,800**
**0**| ## **4 Employees and trustees** The charity has one employee, James Pope. No amounts were paid or are payable to any other trustee or to any person connected to them. Page 9 ## **BUCKINGHAM EVANGELICAL CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 30 JUNE 2021** |**5**
Movement in Funds
Restricted Funds:
Benevolent Fund
Y.P. Summer Camp
Total Restricted Funds
Unrestricted Funds:
General Fund
Total Unrestricted Funds
Total Funds|Balance at
15/01/2020
Transfer
from CUA*
Receipts
Payments
Transfers
Balance at
30/06/2021
£
£
£
£
£
£
0
928
250
0
0
1,178
0
383
0
0
0
383| |---|---| ||0
1,311
250
0
0
1,561| ||0
191,834
32,702
-26,284
0
198,252| ||0
191,834
32,702
-26,284
0
198,252| ||| ||0
193,145
32,952
-26,284
0
199,813| * Balances, assets and liabilities transferred from the CUA, Buckingham Evangelical Church, on 31 Dec. 2020. Page 10