## **Trustees’ Report and Annual Accounts** **For the period ended 31[st] December 2022** 1 ## **Anchor Church Lymington & Pennington Period ended 31[st] December 2022 Legal & Administrative Details** **Address for Correspondence** 17 Rookes Lane, Lymington, SO41 8FP **Governing Document** CIO Constitution dated 24[th] November 2019 **Charity Registration Number** 1187597 **Trustees** Mrs Katherine Coxon Reverend Christopher Henderson Reverend Nick Hiscocks Mr James Ivin (from 5[th] October 2022) **Bankers** CAF Bank, 25 Kings Hill Avenue, West Malling, ME19 4JQ **Independent Examiner** Mrs Katherine Gardiner 2 ## **Anchor Church Lymington & Pennington Report of the Trustees For the period ended 31[st] December 2022** ## **Objects of the Charity** The Objects of the CIO are, for the public benefit, the advancement of the Christian faith in such ways as the Charity Trustees may from time to time decide. ## **Governance** The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the charity. Every Trustee must be appointed by a resolution passed at a properly convened meeting of the Trustees. In selecting individuals for appointment as Charity Trustees, the Charity Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. All Charity Trustees must subscribe and adhere to, in belief and lifestyle, the Statement of Faith, which is included as an appendix to the Governing Document. In accordance with this process, Mr James Ivin was appointed as a Trustee on 5[th] October 2022. ## **Review of Activities** The main activities undertaken for the public benefit are preaching from the Bible, the worship of God and the encouragement of the Church at regular Sunday services. There are occasional Sunday evening seminars to consider various topics in greater depth. The Church also runs a Tuesday evening Bible Study, a Thursday morning ‘Tots & Tinies’ group, a Friday morning Prayer Meeting, and a Friday afternoon club for the children who regularly attend the Church. Everyone is welcome to our Sunday services, irrespective of denomination or background, unless they pose a risk to the safety of those we serve. Up until Easter, Sunday services were held in the Social Club in Pennington, before moving to Pennington Infant School Hall, where they continue to be held. There are occasional breakfasts held before our Sunday service, the first two of these being held in the latter part of the year. Church Lunches, to which everyone is welcome, were held on around half a dozen occasions through the year. Regulars at the Sunday services are encouraged to be a part of a Bible study group which meets on Tuesday evenings. These meetings are held in a format where people can either attend in person or on Zoom. Once a month, these meetings focus more on prayer: for the Church, the wider Christian community and our wider society. A service of Morning Prayer is held every week, to which everyone is welcome. This prayer meeting continues to be held on Zoom. It is accessible to all who have expressed a desire to be on the Church’s regular mailing list. Once a month, instead of an Anchor Church meeting, attendees are encouraged to join the Prayer Meeting for the Anglican Network in Europe. The group for 0-4s and their carers, ‘Tots & Tinies’ continued to meet during the year. Following the conversion of the room at Woodside Pavilion into a café, the group relocated to ‘the Den’ at Pennington Infant School. This has proved to be a much better location for local families to attend. Entry to the group is free, though a donation of £1 is invited towards the continuing work of the 3 group. The group is open to all who are caring for a child aged 0-4. Each session includes a singing time, during which a Bible Story is shared. Invitations to church services and other activities are regularly given out. We have offered various special services and events to invite people to hear the good news of Jesus Christ. We hosted a Quiz Night in the Social Club early in the year. We held a ‘Hope Explored’ course for the first time. We invited people to Sundays when we held special breakfasts. We produced leaflets and flyers which have been distributed through door-to-door work and through the schools. We ran a special ‘Scratch Nativity’ service for the first time. We again did neighbourhood carol singing at a number of locations. During the Autumn term, the Pastor was invited to give assemblies at both Pennington Infant School and Pennington Junior School. These invitations have continued into the new year and are now on a weekly basis. The Church also offers the chance for individuals who are adult members of the Church or those adults interested in Christian things to meet with members of the Leadership or other designated members of the Church with the intention of offering Christian encouragement, instruction, pastoral counselling, the chance to read the Bible together and/or the chance to pray together where appropriate and desired. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. ## **Achievements** 2022 was the third year for Anchor Church Lymington and Pennington being registered as a charity. Services have been provided every Sunday during the year and for major Christian festivals, including Good Friday and Ascension Day. The move of location for Sunday Services to Pennington Infant School has been very positive. There is now an outside space for children to enjoy before and after the service. We are able to have more time after the service for refreshments, prayer and encouragement. We have also been able to have breakfasts before the service. Attendance at Sunday Services has increased during the year. It used to be around 15-25 and is now more around 20-30. The Tots & Tinies move of location has also been very positive. The group now has a bigger space, including outside space and play equipment and has its own space to store toys and materials. The new location is at the heart of the Pennington community and is visible to passers-by. The time is made up of free play, crafts, singing and having a story from the Bible. A small team of volunteers continues to build relationships with attendees week by week and 2022 saw the first time that a family known through Tots & Tinies came to a Sunday service. Regular activities have continued through 2022. The Tuesday Bible study group continues to be a good time for going deeper into the Word following on from Sundays and for deepening fellowship with one another. There is a regular core of six people who meet in the Morning Prayer meeting each week. Friday Club has continued as a weekly fixture and has been effective for helping our children hear the same message from the Bible as the adults each week. Occasional ‘Sunday seminars’ were held through the year, giving an opportunity for more focused time on a particular topic. Topics in 2022 have included: anxiety, marriage and relationships, the Trinity, Church Leadership, the Lord’s Supper, Bible Overview – the Pentateuch, and why we can 4 trust the Gospels. The occasional ‘Church Lunches’ continued to prove to be a popular way of spending more time with one another as a church. The Church Council met six times in the year. This body, made up of members of Anchor Church, is tasked with considering the Mission and Ministry of Anchor Church. Agenda items in 2022 included: ideas for evangelism, moving Sunday services to the Infant School, the idea for occasional breakfasts on Sundays, the appeal for funds towards a house, how we should relate to other churches, feedback from the Pastor’s ministerial review, how to move the Church Council towards being an elected body, as well as working through sections of the book “The Big Picture for Small Churches.” As a member of AMiE (Anglican Mission in England), there were several opportunities to build relationships with others within the Convocation. This included a visit from Bishop Andy Lines in November as well as joining in regular Zoom calls and prayer meetings for the wider Anglican Network in Europe. The Trustees continued to explore the possibilities of purchasing a house for the Pastor. During the year, a new model was settled on, whereby Anchor Church is aiming to jointly purchase a house with the Pastor. The aim is to achieve a purchase with no debt, so as to remove the accommodation costs from the yearly budget. Accordingly, an appeal was launched and a number of gifts were received, along with several pledges towards the project. It is prayerfully hoped that a purchase might be possible in 2023. Anchor Church continues to be well supported through prayer and financial giving, both from its regular members and from further afield. A group of supporters receives a regular prayer letter every two months from the Pastor. There were several visitors to Anchor Church through the year and it has become clear that many people have heard of the Church, both locally and further afield. Regular members of Anchor Church are encouraged to reach out with the gospel as much as they can, and to see Sunday as a regular opportunity to invite others. The website, Youtube Channel and a Facebook page have been effective ways of reaching out and letting people know of Anchor Church’s activities. ## **Financial Review** During the year unrestricted income was £44,981. Expenditure was £66,798. Restricted income, received towards the House Project, was £66,230. A deficit in unrestricted funds was anticipated in 2022. The Trustees had planned for a deficit in the first few years of Anchor Church as it gets established. However, the deficit of £21,817 is somewhat higher than the £13,000 which had been budgeted. This is due to income being lower than was budgeted. Income from outside Anchor Church had been expected to fall after the first few years of the Charity being established. It was hoped that income from within Anchor Church would rise, but instead it fell slightly. It may well be that the giving towards the House Appeal, which has been extraordinarily generous, goes some way to explaining this, as well as the effects of the cost of living for many. Overall, the Trustees consider that having general funds at around £100,000 three years after the Charity was formed is cause for much praise and thanksgiving, whilst the size of the in-year deficit underlines the desirability of the House Project, which, if completed, would remove £24,000 from the Charity’s expenses each year and further long-term financial stability for the Charity. 5 Some donations were recer¥ed durftrvd year towards Sup[￿tirE the AMIE Ordinand. with Anchor Church actlng as agent. These furKls were all passed on in 2022. a￿ not induded in the principal financial statements, but rather in a separate note IP*)te 51. The Trustee5 aim to hold unrestrKted cash of no less than £15.(m. which equates to approxlmately 3 months, expendlture. The Trustees are corslderirvg the t￿e of funds in the General Fund towards the House Project. These funds were gl¥en to help estsblish And¥or Church for the bon8 term. so it seems appropriate that a proportion of them be used t0￿drd5 achieving I0￿-terM financial stability, through the purchase of a house and the rernoval of accommodation expenses from the yearty budBeL Tn*ee< Re$￿$[bIl￿1¢9 Charty law requlres Trustees to prepare fina￿la1 stateTh￿ for each accountlNa veaf whKh at least record the re￿Ipts and payTh￿ts of the thathy for the ￿ar. We have opted to prepare our accounts on an accnwls bas1& We are responsible for keep1￿ proper accounth¥ record5 which dlsdose wlth reasonable accuracy at any tlme the finandal wsition of tt* (￿lity a￿1 enable us to en$￿￿ that the financlal statements compty wlth the Charl￿$ Act 201L We also have a res￿>￿bIlIty to *uard the assets of the ch•rity and to tske reasonable steps to prevent fraud or any other Irre8ularitie& Approval Thls report was aPpr￿ed by the Trustees on 2&5and s*ned on thelr behaff Chrlstopher Henderson Inee Pennin ndent Examinerfs Re ort to the Trustees of Anchor Church L min on& I report to the Trustees on my examination of the accounts for Anchor Church Lymington & Pennington, for the year ended 31. December 2022 (set out on pages 8-131. Responslbilitie5 and basis Of the reptyt As the charity's trustèes, you are responsible for the preparation of the accounts in accordance with the requirements of the Charrtie5 Act 20111.the Acff l. I report in respect of my examination of the Trust's account5 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 14515llbl of the Act. Independent exaninerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect.. the accounting records were not kept in accordance with sertion 130 of the Charities Act,. or the atcounts did not accord with the accounting records.. or the accounts did not comply with the applicable reqU1￿ments concemin8 the form and content of accounts set out in the Charities IAccounts and Report51 Regulations 2C#J8 other than anv requirement that the accounts give a 'true and fairf 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 drown in this report in order to enable a proper understanding of the accounts to be reached. Signat re & Date OJ6kn IG25 Name & Address l ¢uhay t /M&/V_Unrestricted_
_Funds_
£
_2022_
_Restricted_
_Funds_
**Incoming Resources**
**(Note 2)**
Donations and Legacies
44,804
63,230
Income from charitable
activities
50
-
Bank Interest
127
**Total**
**44,981**
**63,230**
**Resources Expended**
**(Note 3)**
Charitable activities
66,798
-
**Total**
**66,798**
-|_2021_
_Unrestricted_
_Funds_
_2021_
_Restricted_
_Funds_
54,840
-
23
-
**54,863**
-
62,034
-
**62,034**
-| |---|---|---| ||**Net movement in funds**
**(21,817)**
**63,230**|**(7,171)**
-| ||Funds at 1stJanuary
121,832
-
Funds at 31stDecember
100,015
63,230
_Represented by:_
General Fund
100,015
-
House Fund
-
63,230|129,003
-
121,832
-
121,832
-| 8 Balance Sheet For the period ended 3111 Decenkn 2022 2022 Unrestricted Funds 2022 Restricted Fund5 2021 UnrestlFCted Funds 2021 Restricted Funds Current Assets Debtors and Prepayments (Note 6) 1,128 io 635 Cash at bank and in hand Total: current assets 63,220 121,366 63,230 I.￿1 Creditors Creditors falling due within one year (Note 71 113 169 Net assets I￿,0 63,230 I21￿32 Funds General Fund House Fund IIX),015 121,832 63,230 Sl8nature Name GHkiSToeHE L ￿E￿))ERSO￿l Date Iq- <%tr￿￿ 2¢= 3 ## **Note 1 – Accounting Policies** ## **Basis of financial statements** The financial statements have been prepared in accordance with the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS 102 and with the Charities Act 2011. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. ## **Fund accounting** Unrestricted funds are income funds that are to be spent on the Charity’s general purposes. Restricted funds (donations or grants for a specific Charity activity intended by the donor) for the period represented donations given in response to the House Appeal. There were no Designated funds (General funds set aside by the Trustees for a particular purpose) in 2022. ## **Incoming resources & Debtors** Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received, with a debtor being recorded for the amount expected. Grants and legacies are accounted for when the Charity is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. Interest is accounted for as and when accrued by the payer. All incoming resources are accounted for gross. Debtors are recorded as the amount expected to be received. ## **Resources expended & Liabilities** All expenditure is recognised when it is incurred and is accounted for gross. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the Charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ## **Fixed Assets** Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost and are depreciated on a straight-line basis over each asset's estimated useful life. Individual items with a purchase price of less than £1,000 are written off when the asset is acquired. The Charity currently holds no fixed assets, nor did it at any stage during 2022. 10 ## **Note 2 – Analysis of Income** ||_2022_
_Unrestricted_
_Funds_
£
_2022_
_Restricted_
_Funds_
£
**Donations & Legacies**
Planned giving from ACLP
members
17,170
-
Planned giving from other
supporters
16,602
-
Loose collections
-
One-off gifts*
3,308
-
Gift Aid
7,476
-
Legacies
-
-
Set-up gift from Christ Church
Westbourne
-
-
Donations through Tots & Tinies
248
-
Gifts to House Appeal
-
60,720
Gift Aid on House Appealgifts
-
2,510|_2021_
_Unrestricted_
_Funds_
£
_2021_
_Restricted_
_Funds_
£
17,693
-
19,595
-
20
-
6,990
-
7,890
-
0
-
2,652
-
-
-
-
-
-
-| |---|---|---| ||**Total**
**44,804**
**63,230**|**54,840**
-| ||**Income from Charitable Activities**
Book sales commission from
10ofthose
50
-
**Bank Interest**
127
-|23
-
-
-| ||**Total Income**
**44,981**|**54,863**| * One-off gifts include gifts from members of Anchor Church Lymington & Pennington, Christ Church Westbourne, All Saints Little Shelford. 11 ## **Note 3 – Analysis of Expenditure** |_2022_
_Unrestricted_
_Funds_
£
_2022_
_Restricted_
_Funds_
£
**Expenditure on Charitable**
**Activities**
**Employment of Pastor**
-
Salary + Pension
-
Rent + Council Tax 17 Rookes
Lane
**Total**
29,789
27,240
**57,029**
-
-
-
**Sunday Services**
-
Hire of hall
-
Insurance
-
Other
**Total**
2,220
836
737
**3,793**
-
-
-
-
**Midweek Activities**
-
Tots & Tinies room hire
-
Tots & Tinies materials
**Total**
**Contribution to Anglican Mission**
**in England**
1,529
292
**1,821**
1,650
-
-
-
-
**Other Expenses**
2,505
-|_2021_
_Unrestricted_
_Funds_
£
_2022_
_Restricted_
_Funds_
£
29,073
27,196
**56,269**
-
-
-
950
716
536
**2,202**
-
-
-
-
302
445
**747**
1,000
-
-
-
-
1,816
-| |---|---| |**Total**
**66,798**
-|**62,034**
-| N.B. ‘Other Expenses’ includes a gift of £100 to Mrs Katherine Gardiner, in appreciation for her acting as Independent Examiner for the 2021 accounts. It also includes a gift of £200 to Mr James Ivin, to be used towards the purchase of theological books. ## **Note 4 – Transactions with related parties** The employment costs in Note 3 refer to the employment of Rev C Henderson, a trustee, in his capacity as Pastor of the church. This is permitted by the governing document. Expenses, relating to ordinary church running costs, were reimbursed to the Pastor and to Mr J Ivin. The funds received as agent (Note 5) were received to support the living costs of Mr J Ivin, who is the self-supporting Ordinand. No other amounts were paid or are payable to any trustee or to any person connected to them 12 **Note 5 – Funds received as agent** |**Description**|Balance
held / due
at period
start
£|Related
Party?|Amount
received
/ due
£|Amount
paid out
£|Balance
held / due
at period
end
£| |---|---|---|---|---|---| |Grants and donations made
to support living expenses of
AMiE Ordinand, for ACLP to
pass on.|0|Yes|500|500|0| |**Total**
**0**
**500**
**500**
**0**|||||| Funds received as agent are not shown on the Statement of Financial Activities nor on the Balance Sheet. **Note 6 – Analysis of Debtors** |_2022_
_Unrestricted_
_Funds_
£
_2022_
_Restricted_
_Funds_
£
HMRC Gift Aid
1,128
10|_2021_
_Unrestricted_
_Funds_
£
_2021_
_Restricted_
_Funds_
£
635
-| |---|---| |**Total**
**1,128**
**10**|**635**
-| ## **Note 7 – Analysis of Creditors** |_2022_
_Unrestricted_
_Funds_
£
_2022_
_Restricted_
_Funds_
_£_
Hire of hall owing
44
-
Payroll outsourcing
owing
41
-
HMRC Gift Aid
Repayment
-
-
Advertising owing
28
-
Tots & Tinies claim
owing
-
-|_2021_
_Unrestricted_
_Funds_
£
_2021_
_Restricted_
_Funds_
£
-
-
40
-
57
-
22
-
50
-| |---|---| |**Total**
**113**
-|**169**
-| 13