DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 REGISTERED IN ENGLAND REGISTERED CHARITY NO 1188240 ## **FAITH CHURCH FAKENHAM** ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Clenshaw Minns Ltd Chartered Accountants DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020 _____________________________________________________________________ |**Trustees**|Paul Randerson| |---|---| ||Frederick Sibbons| ||Darren Waterfield (Chairman)| ||Paul Lorrimore| |**Charity number**|1188240| |**Principal address**|Unit 8| ||Millers Close| ||Fakenham| ||Norfolk| ||NR21 8NW| |**Accountants**|Clenshaw Minns Ltd| ||Chartered Accountants| ||Norfolk House| ||24 Market Place| ||Swaffham| ||Norfolk| ||PE37 7QH| DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM ## CONTENTS ||**Page**| |---|---| |Trustees’ annual report|1-3| |Independent examiner’s report|4| |Statement of income and expenditure|5| |Balance sheet|6| |Notes to the financial statements|7| DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 ## **OBJECTIVES AND ACTIVITIES** ## **Aims & Objectives** The advancement of the Christian faith for the benefit of the public. This includes, but not exclusively, preaching, teaching and education; to provide care and support to those facing need, hardship, or distress. ## **Main activities for achieving objectives** - Christian services and meetings - Community events - Special ministry to those in need - Children, youth, and family support ## **ACHIEVEMENTS AND PERFORMANCE** In February 2020 the charity was able to obtain full use of an industrial unit located in Millers Close, Fakenham. This meant that the church would be able to hold weekly meetings as required rather than as the schedule for the current venue, Hempton Memorial Hall, allowed. Unfortunately, no sooner had the use been obtained but the UK went into lockdown and church meetings were restricted. At that time it was determined that the church would switch to meeting fully online for both Sunday services and Bible studies. A camera and audio-visual equipment were purchased enabling us to stream services live to the congregation and general public. By the time lockdown restrictions were ended and we began to meet in person we increased in number with people who had been watching online coming to attend meetings in person. It has been decided that we will continue to live stream services as both a method of growth and provision of services to members of the congregation who are unable to attend in person. Whilst we were unable to meet in person we provided extra support both pastorally, spiritually and physically with not just the leadership providing support (including across the region) but members of the congregation assisting each other with shopping and tasks etc. During lockdown the industrial unit was changed to a be a suitable place for the congregation to meet which included building works to create a room for children’s meetings, a kitchen area, new flooring and the provision of new seating. These managed to be completed by the time restrictions were lifted and having conducted COVID-19 Risk Assessments it enabled the congregation to begin meeting again in September 2020 and have continued since. From a financial perspective whereas previously donations had been largely received in person by cash or cheque the congregation were encouraged to donate electronically which meant that even whilst we were not able to meet in person for a large part of the year, incoming monies exceeded the expenditure of the building costs and day to day running costs of the church. 1 DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 ## **FINANCIAL REVIEW** ## **Reserves policy** For the year ending 31 December 2020, the Charity has reserves totalling £11,316. A certain amount of working capital is kept in the current account for meeting regular financial commitments. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** Faith Church Fakenham is a Charitable Incorporated Organisation (CIO), number 1188240 and is constituted under the Charity Commission Scheme. ## **PLANS FOR THE FUTURE** ## **Future developments** The Charity plans to continue its activities for the foreseeable future. Having seen the success of the provision of online services both as a method of outreach to increase number but also as a means to provide support to those unable to attend church in person we will be putting in a broadband line and equipment to enable us to live stream Sunday services. As lockdown restrictions come to an end we will also begin outreach into the town centre with a number of activities planned. 2 DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 ## **DECLARATION** The Trustees declare that they have approved the above trustees’ report. Signed on behalf of the charity’s trustees: |Signature(s)
Full name(s)
Position (e.g. Secretary, Chair,
etc)
Date|Darren Paul Waterfield
Paul William Lorrimore
Chair
01-11-2021
Trustee| |---|---| ||01-11-2021| 3 DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 5 to 7. ## **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’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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. _……………………….._ Date _………………_ Gavin Minns Chartered Accountant Clenshaw Minns Ltd Chartered Accountants Norfolk House 24 Market Place Swaffham PE37 7QH 4 DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2020 |||**Total**| |---|---|---| ||**Unrestricted**|**funds**| ||**funds**|**2020**| ||**£**|**£**| |**Income:**||| |Donations|36,977|36,977| ||_______|_______| |**Total incoming resources**|36,977|36,977| ||**_______**|**_______**| |**Expenditure:**||| |Supportive gifts|2,337|2,337| |Rent and service charges|6,136|6,136| |Equipment and maintenance|9,162|9,162| |Website and email costs|483|483| |Health and safety|238|238| |Accountancy|360|360| |Legal and professional fees|1,880|1,880| |Insurance|350|350| |Sundry expenses|336|336| |Depreciation|263|263| ||_______|_______| |**Total resources expended**|21,545|21,545| ||_______|_______| |**Net income/(expenditure)**|**15,432**|15,432| ||______|_______| |**Net movement in funds**|15,432|15,432| |Total funds brought forward|-|-| ||_____|______| |Total funds carried forward|15,432|15,432| ||=====|=====| 5 DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM ## BALANCE SHEET AS AT 31 DECEMBER 2020 ||||**2020**| |---|---|---|---| ||**Notes**|**£**|**£**| |**Fixed assets**|||| |Tangible assets|1|2,727|| |**Current assets**|||| |Cash at bank and in hand||11,315|| |Rent deposit||1,750|| |||_______|| |||15,792|| |**Creditors: amounts falling**|||| |**due within one year**|||| |Accruals||360|| |||______|| |**Net current assets**|||15,432| ||||______| |**Total assets less current liabilities**|||15,432| |**Net assets**|||15,432| ||||=====| |**Total charity funds**|||| |Unrestricted funds|||15,432| ||||_____| ||||15,432| ||||=====| 01-11-2021 The financial statements were approved by the Trustees on ……………………………………… and are signed on its behalf by: **Trustee ……………………………………. Trustee …………………………………... D Waterfield P Lorrimore** 6 DocuSign Envelope ID: F4A84C76-42B0-45F6-B106-BA95553CA385 ## FAITH CHURCH FAKENHAM ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ## **1. Tangible fixed assets** ||**Fixtures**|| |---|---|---| ||**and equipment**|**Total**| |**Cost**||| |At 1 January 2020|-|-| |Additions|2,990|2,990| |Disposals|-|-| ||____|____| |At 31 December 2020|2,990|2,990| ||====|====| |**Depreciation**||| |At 1 January 2020|-|-| |Depreciation eliminated on disposal|-|-| |Charge for the year|263|263| ||____|____| |At 31 December 2020|263|263| ||====|====| |**Net book value**||| |At 31 December 2020|2,727|2,727| ||====|====| |At 1 January 2020|-|-| ||=====|=====| 7