End of Year Financial Statements Year ending 31 March 2022
Annual Report and Financial Statements 2021/2022
## **Trustees report for the year ended 31 March 2022**
The Trustees have pleasure in presenting their report and the Financial Statements of the Church for the year ended 31 March 2022.
## **Reference and Administrative Details**
The Trustees and Deacons during the year were as follows:
Mr. Bruce Jenkins (Trustee)
Mr. Joe King (Trustee) Mr. Peter Seccombe (Trustee) Mr. Kevin Judge (Deacon)
## **Structure, Governance and Management**
The Church was originally known as ‘Caversham Evangelical Church’. In December 2020 a decision was taken by the church meeting to rename the church ‘Chiltern Evangelical Church’. In March 2021 the church was registered by the Charities Commission as a CIO with Charity number 1193698. The church is governed by its constitution. Trustees are appointed by the church meeting and are responsible for leading the church. They are assisted by the Deacons in the running of the church.
## **Objectives**
The Church’s aims are to worship God, to make known the gospel of the Lord Jesus Christ and to edify the congregation through the preaching and teaching of the Word of God.
## **Activities**
The Church’s work engages the community in Emmer Green through its meetings in the Reading Borough Council managed Community Centre and the community in Sonning Common through activities mainly on its own premises. The main objectives of the church are carried out through its Sunday services which are advertised through notice boards, leaflets and on-line and to which all in the community are invited and welcomed. These services are designed to be accessible for families with children both in terms of timing and content. They are supported by weekly meetings for bible study and prayer.
The work also includes a range of regular community focused activities for mothers and toddlers (weekly, music-based session), mothers (discussion and friendship group), young people of primary school age (fortnightly youth club) and ladies (bi-weekly bible study and friendship group). There are also opportunities for one-to-one or group discussions for those are seeking to learn more about the Christian faith or who need counsel and pastoral care.
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Annual Report and Financial Statements 2021/2022
## **Public Benefit**
In carrying out its activities in the year under review, the Trustees have had regard to the public benefit guidance issued by the Charity Commission and are satisfied that the activities mentioned above have all been for the public benefit.
## **Financial Review**
General funds are used to pay the Pastor’s salary, to pay the rent for the buildings the Church uses for meetings, to provide literature and to fund various projects. Designated gifts are for the support of Evangelistic and Missionary projects.
Income across the funds exceeded Expenditure by £26,316. Overall, the situation of the Church is satisfactory.
## **Reserves Policy**
The Church seeks to maintain enough in the General Fund to cover 3 months of expenditure. On a quarterly basis, the General Fund balance is reviewed, and amounts are transferred to/from the General Reserve Fund in order to maintain the target General Fund balance (currently set to £15,000).
These accounts were approved by the Trustees and signed on their behalf by:
Name (Printed) J W King
Signature Date 13[th] June 2022
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Annual Report and Financial Statements 2021/2022
## Statement of Financial Activities
|Unrestricted Restricted Endowment
Total
Prior year
funds
funds
funds
funds total funds|Unrestricted Restricted Endowment
Total
Prior year
funds
funds
funds
funds total funds|
|---|---|
|Receipts:
Donations and legacies
Income from charitable activities
Total
Payments:
Expenditure on charitable activities
Total
Net income / (expenditure) resources before
transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Net movement in funds
Total funds brought forward
Total funds carried forward
Represented by
Unrestricted
General fund
Designated
Business Savings Account
General Reserve
Gifts
Mainly Music
Mission
Sonning Common Evangelism
Sonning Common General
Restricted
Building|67,393
10,800
—
78,193
62,194
566
—
—
566
272|
||67,960
10,800
—
78,760
62,466
52,444
—
—
52,444
50,097|
||52,444
—
—
52,444
50,097|
||15,516
10,800
—
26,316
12,368
25,106
—
—
25,106
15,376
(25,106)
—
—
(25,106)
(15,376)|
||15,516
10,800
—
26,316
12,368|
||152,491
4,843
—
157,335
144,966|
||168,007
15,643
—
183,651
157,335
15,000
—
—
15,000
15,000
1
—
—
1
1
34,575
—
—
34,575
18,719
117,093
—
—
117,093
117,093
—
—
—
—
—
1,337
—
—
1,337
1,677
—
—
—
—
—
—
—
—
—
—
—
15,643
—
15,643
4,843|
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Annual Report and Financial Statements 2021/2022
## Balance sheet
Total funds Prior year funds
|Current assets
Investments
Cash at bank and in hand
Total net assets less liabilities
Represented by
Unrestricted
General fund
Designated
Gifts
Mainly Music
Mission
Sonning Common General
Sonning Common Evangelism
General Reserve
Business Savings Account
Restricted
Building
Funds of the church|1
1
183,650
157,334|
|---|---|
||183,651
157,335
15,000
15,000
117,093
117,093
—
—
1,337
1,677
—
—
—
—
34,575
18,719
1
1
15,643
4,843|
||183,651
157,335|
## Statement of assets and liabilities
||General Designated Restricted Endowment Thisyear Lastyear|
|---|---|
|Current assets - Cash at bank and in hand
CEC Current Account -
Totals
Current assets - Investments
Business Savings -
Totals
Grand total|15,000
153,006
15,643
—
183,650
157,334|
||15,000
153,006
15,643
—
183,650
157,334
—
1
—
—
1
1|
||—
1
—
—
1
1|
||15,000
153,007
15,643
—
183,651
157,335|
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Annual Report and Financial Statements 2021/2022
## Fund movement by type
||OpeningIncomingOutgoingTransfers Gains/losses Closing|
|---|---|
|Gifts - Gifts
Designated
MM - Mainly Music
Designated
General - General fund
Unrestricted
BLD - Building
Restricted
MISS - Mission
Designated
SCGen - Sonning Common Gener
Designated
SCEvan - Sonning Common Evang
Designated
GRes - General Reserve
Designated
BusSav - Business Savings Acc
Designated
Grand total|117,093
—
—
—
—
117,093|
||—
566
1,469
903
—
—|
||15,000
67,393
48,627
(18,766)
—
15,000|
||4,843
10,800
—
—
—
15,643|
||1,677
—
—
(340)
—
1,337|
||—
—
2,006
2,006
—
—|
||—
—
340
340
—
—|
||18,719
—
—
15,856
—
34,575|
||1
—
—
—
—
1|
|||
||157,335
78,760
52,444
—
—
183,651|
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Annual Report and Financial Statements 2021/2022
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
## **1. Accounting Policies**
- a) The accounts are prepared on a Receipts and Payments basis in accordance with the Charities Act 2011 and Charities SORP.
- b) Donations represent monies received during the year, including gift aid. Gift Aid is collected on our behalf by Grace Charities Trust.
- c) Charitable Activities Expenditure comprises all expenditure directly related to the Church's objectives.
- d) The church owns no assets but is the beneficiary of the Sonning Common Free Church property which is held in trust.
## **2. Employee Costs**
|**. Employee Costs**|||||||
|---|---|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Endowment|Total Prior year||
||funds|
funds|funds|funds||total|
|Employee Salaries &|||||||
|PAYE/NIC/Pension payments|40,491|—|—|—|40,491|40,604|
|Employer NICs|383|—|—|—|383|391|
|Employer Pension Contributions|945|—|—|—|945|1,031|
|TOTAL|41,819|—|—|—|41,819|42,026|
## **3. Mainly Music**
Mainly Music runs each Friday during term time for Mothers and their pre-school age children. There is a charge made of £3 per child. Gifts are given to Mothers and their children to mark events e.g. birthdays, Christmas. A monthly subscription is paid by the church to Mainly Music UK.
|RECEIPTS|Unrestricted|Designated|Restricted|Endowment|Total Prior year|Total Prior year|
|---|---|---|---|---|---|---|
||funds|
funds|funds|funds||total|
|Subscriptions|—|566|—|—|566|272|
|PAYMENTS|Unrestricted|Designated|Restricted|Endowment|Total Prior year||
||funds|
funds|funds|funds||total|
|Payments to MM UK|—|321|—|—|321|311|
|Other MM expenditure|—|1,148|—|—|1,148|817|
|TOTAL||1,469|—|—|1,469|1,138|
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Annual Report and Financial Statements 2021/2022
## **INDEPENDENT EXAMINERS REPORT**
## **Independent Examiner's Report to the Trustees of Chiltern Evangelical Church**
I report on the accounts of the Church for the year ended 31 March 2022 which are set out on pages 4 to 7.
## **Respective responsibilities of Trustees**
The church’s trustees are responsible for the preparation of the accounts. The church’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention. Basis of the independent examiner's report.
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an
audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
During my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
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