CATCH THE FIRE FARNBOROUGH
FINANCIAL STATEMENTS
FOR
31 DECEMBER 2020
Charity Number 1189161
FINANSURE LIMITED
2 Sheppard Street, Brymbo, Wrexham, LL11 5FF
CATCH THE FIRE FARNBOROUGH
FINANCIAL STATEMENTS
PERIOD ENDED 31 DECEMBER 2020
| CONTENTS | PAGES |
|---|---|
| Charity information | 1 |
| Trustees’ annual report | 2 to 5 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 to 13 |
Page 1
CATCH THE FIRE FARNBOROUGH
CHARITY INFORMATION
The board of trustees Christopher Bird Abraham Marais David Richards Registered office Grace Gardens Chalky Lane Dogmersfield Hook RG27 8TD Independent Examiner Luke Howson Finansure Limited 2 Sheppard Street Brymbo Wrexham LL11 5FF Bankers The Co-operative Bank plc PO Box 250 Skelmersdale WN8 6WT
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CATCH THE FIRE FARNBOROUGH
TRUSTEES’ ANNUAL REPORT
PERIOD ENDED 31 DECEMBER 2020
Annual Report 2020 Catch the Fire, Farnborough Charity Registration number: 1189161
The Charity is a charitable incorporated organisation (CIO) governed by its foundation constitution document and registered with the Charity Commission for England and Wales on 22[nd] April 2020. This is the first period of activity for the Charity.
Aims and Purposes
The objects of the CIO are religious worship, and Christian outreach and support in the Farnborough area, regionally and internationally.
Objectives in 2020
The priority in 2020 has been to launch and establish the Church, appoint people to key roles, and to begin to market the new church in the region. The original plan was to spend the time from March to September 2020 working on infrastructure imperatives, such as appointing trustees, registering the charity, opening bank accounts etc. However, the advent of the Corona Virus Pandemic meant that the need to offer pastoral, emotional and spiritual support was much more immediate, and so the decision was made to start the church far sooner (March 2020) and to work on the infrastructure simultaneously.
Achievements and performance
Catch The Fire Farnborough (CTFF) began on Sunday March 29, 2020 with just 6 people, who were compelled to meet via Zoom due to the Covid19 Lockdown in UK. It was decided at this initial meeting that the pandemic was going to cause immeasurable stress and anxiety to vast numbers of people, and that CTFF had a unique opportunity to provide emotional and spiritual support to people in the Farnborough area, but also globally through the use of online platforms and social media. It was therefore agreed that with immediate effect, CTFF would record a daily thought for the day, a Sunday communion, a midweek Bible Study via Zoom and a full Sunday Service of Worship, all of which would be online, and in addition a Sunday Morning Zoom would be offered exclusively to those choosing to commit to CTFF as their local church, through which pastoral support would be offered.
Within 24hrs of the initial meeting, the website was built, Facebook page created, and YouTube Channel established. Using these platforms, since March 29, 2020 the thoughts for the day have been posted online, along with the Sunday Service of Worship. These have attracted regular viewers, and the number of engagements with these has been extremely encouraging, with approximately 200-300 engaging with the CTFF online presence on a regular basis.
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TRUSTEES’ ANNUAL REPORT (CONTINUED)
PERIOD ENDED 31 DECEMBER 2020
Within 7 days of the church starting, the number of people committing to the church doubled, and rapid progress was made on the infrastructure, with constitution being completed, charity registration application being submitted, and bank accounts being opened. Reports began to come in from around the world from people who were finding the online presence helpful, and interest in the new church grew both locally and regionally. On September 19, 2020 we were able to host the official launch of CTFF, borrowing the buildings of Basingstoke Baptist Church and streaming the event online. This event has to date been viewed by over 1,000 people. Unfortunately, due to the ongoing Covid19 restrictions, the official launch has been the only ‘in-person’ gathering, but this has not affected to growth of the church.
Currently, there are approximately 30 people committed to the church, and the sense of belonging being reported is very encouraging. There have been people returning to faith through the ministry of CTFF, and others formerly of no faith engaging with the church on a regular basis. We have had testimonies of physical and emotional healings, and of people being emboldened in their faith. Many of those engaging regularly testify to the positive impact the church is having. Some of their feedback is included here:
“CTFF has welcomed and supported me and my family. Their compassion, love and biblical teaching is extraordinary and we are grateful to be part of CTFF.”
“I've found Catch the Fire Farnborough needful in this area and at this time, because it offers what other Churches don't at present to my knowledge and I've been going to Church for more than 40 years though out my life. I think Christopher and Rachel are pivotal to the growth of this Church family.”
“I love belonging to the Catch the Fire Farnborough family because I’m accepted, respected and enjoy being a part of genuine worshipping community. Truly an extension to my immediate family.”
“I have been telling all my friends and family how significant and life changing being a part of CTF Farnborough has been for our whole family. And I mean it whole heartedly. It has felt like a genuine wider family, and although we have all only met once there is such a sense of love and honour among us all. We have seen how much catch the fire has impacted our own kid’s lives too. Christopher and Rachel are people who are hungry for God’s Presence and they lead us with such humility and joy. They are full of vision and their love for people is so encouraging to see and be on the receiving end of. We are more than blessed, we feel spoiled to be in the CTF Farnborough family.”
The bulk of the teaching input has been delivered by our Senior Leaders, Christopher and Rachel Bird, but we have also benefitted from teaching from John Arnott from Catch The Fire World, Anne Calver from Unleashed Church London and Gavin Calver, CEO of the Evangelical Alliance. We have welcomed visitors to some of online meetings from around the UK, as well as from USA, Canada, India, Poland and Turkey – emphasizing both the national and international reach of CTFF.
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TRUSTEES’ ANNUAL REPORT (CONTINUED)
PERIOD ENDED 31 DECEMBER 2020
Public benefit
The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
Structure, governance and management
The Trustees (listed below) have ensured due diligence in all matters relating to the management of CTFF, and to this end a qualified accountant has been appointed (in a voluntary capacity) to oversee the financial management of the church (directly accountable to the trustees). This includes oversight of payroll, PAYE, NI, Gift Aid and pension contributions for the staff team, as well as the daily financial management of income and expenditure. An independent financial examiner has also been appointed. To ensure proper safeguarding, the trustees require all staff and any volunteers to have current DBS checks in place and an independent safeguarding body have provided these checks for us. A volunteer administrator has been appointed to ensure GDPR compliance, and volunteer children’s workers have also been appointed to work with the younger members of the CTFF family.
The trustees meet formally quarterly per year, but are also in close contact with the Senior Leaders to ensure the good management and governance of the Church.
Administrative Information
Trustees:
Rev’d Christopher John Bird (Chair) Appointed for 4 years from March 2020 Mr Abraham Hendrik Marias Appointed for 3 years from March 2020 Mr David Richards Appointed for 2 years from March 2020
Staff Team: Rev’d Christopher J Bird Mrs Rachel Bird Mr Jonathan Bower
Head of Finance: Mrs Christine Widdowson
Reserves and Risk Management
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately three months’ unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs.
The trustees have considered the key operational, financial, and strategic risks that have a bearing on the charity. Suitable management information is available to the trustees on a regular basis to monitor these risks, and allow any mitigating action to be taken to address them.
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TRUSTEES’ ANNUAL REPORT (CONTINUED)
PERIOD ENDED 31 DECEMBER 2020
FINANCIAL REVIEW OF 2020
The SOFA can be viewed on page 6 which sets out the income and expenditure for the period. Total incoming resources for the period were £77,570. The charity’s principal source of income was donations and Gift Aid received.
Total expenditure for the period was £26,817. The main areas of expenditure were staff costs £14,707 and manse rent £6,000.
At the end of the period the charity held £50,753 in reserves of which £39,137 were restricted and £11,616 were unrestricted.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those financial statements the trustees are required to:
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a) select suitable accounting policies and apply them consistently; b) make judgments and estimates that are reasonable and prudent;
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c) state whether the policies adopted are in accordance with the Statement of Recommended Practice, “Accounting and Reporting by Charities (effective January 2019)” and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
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d) prepare the financial statements on the going concern basis unless it is inappropriate to assume the charity will continue operating.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
15 April 2021
This report was approved by the trustees on …………………………….. and is signed on their behalf by:
…………………………….. …………………………… Christopher Bird Abraham Marais Trustee Trustee
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REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES
We report on the financial statements for the period ended 31[st] December 2020 set out on pages 7 to 13.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
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 which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
………………………………….. ………………………………………… 30th April 2021 Luke Howson MAAT Date
Finansure Limited, 2 Sheppard Street, Brymbo, Wrexham, LL11 5FF
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STATEMENT OF FINANCIAL ACTIVITIES
PERIOD ENDED 31 DECEMBER 2020
| TOTAL | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 8-mths | ||
| Funds | Funds | 2020 | ||
| Note | £ | £ | £ | |
| INCOMING RESOURCES | ||||
| Donations and gifts | 2 | 38,161 | 39,359 | 77,520 |
| Other income | 50 | - | 50 | |
| ─── | ─── | ─── | ||
| TOTAL INCOMING RESOURCES | 38,211 | 39,359 | 77,570 | |
| ─── | ─── | ─── | ||
| RESOURCES EXPENDED | ||||
| Charitable activities | 3 | 26,595 | 222 | 26,817 |
| ─── | ─── | ─── | ||
| TOTAL RESOURCES EXPENDED | 26,595 | 222 | 26,817 | |
| ─── | ─── | ─── | ||
| NET INCOME / (EXPENDITURE) | ||||
| FOR THE PERIOD | 11,616 | 39,137 | 50,753 | |
| Transfers between funds | - | - | - | |
| ─── | ─── | ─── | ||
| Net movement in funds | 11,616 | 39,137 | 50,753 | |
| ─── | ─── | ─── | ||
| Balances carried forward | 11,616 | 39,137 | 50,753 | |
| ─── | ─── | ─── |
The charity has no recognised gains or losses other than the results for the period as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 9 to 13 form part of these financial statements.
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BALANCE SHEET
31 DECEMBER 2020
| Note | 2020 | |
|---|---|---|
| £ | ||
| FIXED ASSETS | ||
| Tangible fixed assets | 8 | 2,669 |
| ─── | ||
| CURRENT ASSETS | ||
| Debtors | 9 | 9,983 |
| Cash at bank and in hand | 38,658 | |
| ─── | ||
| 48,641 | ||
| CREDITORS: Amounts falling | ||
| due within one year | 10 | (557) |
| ─── | ||
| NET CURRENT ASSETS LESS | ||
| CURRENT LIABILITIES | 48,084 | |
| ─── | ||
| NET ASSETS | 11 | 50,753 |
| ─── | ||
| FUNDS | ||
| Unrestricted funds | 12 | 11,616 |
| Restricted funds | 12 | 39,137 |
| ─── | ||
| 50,753 | ||
| ─── |
The trustees acknowledge their responsibility for:
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(i) complying with the requirements of the Act with respect to accounting records and the preparation of accounts;
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(ii) preparing accounts which give a true and fair view of the state of affairs of the charity as at the end of the financial period and of its net incoming or outgoing resources for the financial period in accordance with the requirements of the Act relating to financial statements, so far as applicable to the charity.
These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and the Financial Reporting Standard (FRS 102 – effective January 2019).
15 April 2021 on their behalf by: …………………………… …………………………….. Christopher Bird Abraham Marais Trustee Trustee
These financial statements were approved by the trustees on ………………………….. and are signed on their behalf by:
The notes on pages 9 to 13 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and the Financial Reporting Standard (FRS 102 – effective January 2019).
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. Investment income and gains are allocated to the appropriate fund.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gift Aid receivable is included in income when there is a valid declaration from the donor. No amounts are included in the financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Support costs are apportioned to activity/project according to total costs of activities undertaken directly and grant funding of activities.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Assets are capitalised if they have a useful life of more than one year and a cost value greater than £100.
Depreciation is provided at the following annual rates in order to write off the value of each asset over its expected useful life:
-
Computer equipment 33% on cost
-
- Other equipment 20% on cost
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NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 DECEMBER 2020
2. DONATIONS AND GIFTS
| DONATIONS AND GIFTS | |
|---|---|
| 8-mths | |
| 2020 | |
| £ | |
| Unrestricted tithes & donations | 16,251 |
| Unrestricted one-off donations | 10,909 |
| Unrestricted corporate donations | 5,327 |
| Restricted fund donations | 31,790 |
| Income tax recoverable – unrestricted | 5,674 |
| Income tax recoverable - restricted | 7,569 |
| ─── | |
| 77,520 | |
| ─── |
3. COSTS OF ACTIVITIES IN FURTHERANCE OF THE CHARITY’S OBJECTS
| Activity or project | Activities undertaken directly |
Grant funding of activities (note 4) |
Support costs (note 5) |
Staff costs (note 6) |
Total 2020 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Church runningcosts | 1,037 | - | 8,887 | 14,707 | 24,631 |
| Missions & giving | - | 2,186 | - | - | 2,186 |
| TOTAL | 1,037 | 2,186 | 8,887 | 14,707 | 26,817 |
4. GRANT FUNDING OF ACTIVITIES
| GRANT FUNDING OF ACTIVITIES | |
|---|---|
| 8-mths | |
| 2020 | |
| £ | |
| Gifts to charities | |
| - Catch The Fire World (USA) | 1,162 |
| - UK | 500 |
| - Turkey | 278 |
| Gifts to individuals (UK) | 246 |
| ─── | |
| 2,186 | |
| ─── |
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NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 DECEMBER 2020
5. SUPPORT COSTS
| 8-mths | |
|---|---|
| 2020 | |
| £ | |
| Manse rent | 6,000 |
| Pension admin fees | 602 |
| Computer expenses | 560 |
| Expensed equipment | 252 |
| Dues & subscriptions | 356 |
| Finance costs | 306 |
| Stationery & office expenses | 96 |
| Insurance | 19 |
| Independent examiner’s fee | 425 |
| Depreciation | 241 |
| Other expenses | 30 |
| ─── | |
| 8,887 | |
| ─── |
6. STAFF COSTS
| STAFF COSTS | |
|---|---|
| 8-mths | |
| 2020 | |
| £ | |
| Wages and salaries | 13,504 |
| Employer’s pension contributions | 1,203 |
| ─── | |
| 14,707 | |
| ─── |
No employee received emoluments, as defined for taxation purposes, amounting to over £60,000 in the tax period.
The average number of employees on a full-time equivalent basis was one.
7. TRANSACTIONS WITH TRUSTEES
One trustee, Christopher Bird, received remuneration of £5,846 during the period in his role as senior pastor. The charity also contributed £756 of pension contributions into Mr Bird’s pension during the period.
Mr Bird’s spouse, Rachel Bird, received remuneration of £5,846 during the period.
All of the above payments were authorised by other trustees in the absence of the parties concerned and were made in accordance with the foundation document.
The total aggregate donations made by trustees to the charity during the period was £40,469.
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NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 DECEMBER 2020
8. FIXED ASSETS
| Cost or valuation Additions At 31 December 2020 Depreciation Charge for the period At 31 December 2020 Net book value At 31 December 2020 |
Computer equipment Sound equipment Other equipment Total £ £ £ £ 2,241 559 110 2,910 |
|---|---|
| 2,241 559 110 2,910 |
|
| 204 31 6 241 |
|
| 204 31 6 241 |
|
| 2,037 528 104 2,669 |
9. DEBTORS
| 2020 | |
|---|---|
| £ | |
| Tax recoverable | 8,436 |
| Prepayments | 547 |
| Other debtors | 1,000 |
| ─── | |
| 9,983 | |
| ─── |
10. CREDITORS: Amounts falling due within one year
| 2020 | |
|---|---|
| £ | |
| Accruals | 425 |
| Payroll liabilities | 132 |
| ─── | |
| 557 | |
| ─── |
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NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 DECEMBER 2020
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fund balances at 31 December 2020 represented by: Fixed assets Current assets Current liabilities |
Unrestricted funds £ 2,669 9,504 (557) 11,616 |
Restricted funds £ - 39,137 - 39,137 |
Total £ 2,669 48,641 (557) |
|---|---|---|---|
| 50,753 |
12. STATEMENT OF FUNDS
| At 31 December | ||||
|---|---|---|---|---|
| Income | Expenditure | Transfers | 2020 | |
| £ | £ | £ | £ | |
| Unrestricted funds: | ||||
| General reserves | 38,211 | (24,409) | (3,755) | 10,047 |
| Designated fund | - | (2,186) | 3,755 | 1,569 |
| ──── | ──── | ──── | ──── | |
| Total unrestricted funds | 38,211 | (26,595) | - | 11,616 |
| ──── | ──── | ──── | ──── | |
| Restricted funds: | ||||
| Salaries fund | 37,500 | - | - | 37,500 |
| Premises rental fund | 1,500 | (222) | - | 1,278 |
| Christmas appeal | 359 | - | - | 359 |
| ──── | ──── | ──── | ──── | |
| Total restricted funds | 39,359 | (222) | - | 39,137 |
| ──── | ──── | ──── | ──── | |
| Total funds | 77,570 | (26,817) | - | 50,753 |
| ──── | ──── | ──── | ──── |
The ‘Salaries fund’ is a one-off restricted donation towards salary costs for 2021.
The ‘Premises rental fund’ represents donations given towards the cost of hiring premises for church services.
The ‘Christmas appeal’ fund represents donations towards the charity’s Christmas appeal to support the works of the charity ‘Compassion UK’. This was passed on in January 2021.
The ‘Designated fund’ represents funds set aside by the trustees to provide grants to other charities and individuals as they see fit in line with the charity’s constitution.
The ‘General reserves’ are the free reserves of the charity.