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2021-12-31-accounts

FLOWERY FIELD CHURCH FINANCIAL STATEMENTS

31 DECEMBER 2021

Registered Charity No. 215190

FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190

FOR THE YEAR ENDED 31[ST] DECEMBER 2021

INDEX

Page
Legal and administrative information 1
Trustees’ report 2 - 3
Independent Examiners Report 4
Statement of Financial affairs 5
Balance Sheet 6
Notes to the accounts 7

FLOWERY FIELD CHURCH CHARITY NUMBER 215190

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31[ST] DECEMBER 2021

Registered Charity Number 215190
Address Newton Street
Hyde
Cheshire
SK14 4NP
Accountants and Independent Examiners Scott Roberts Taylor & Co
Central Buildings
5-7 Corporation Street
Hyde
Cheshire
SK14 1AG
Bankers Lloyds Bank PLC
Hyde Branch
Clarendon Square
2-6 Clarendon Place
Hyde
SK14 2QZ
Royal Bank of Scotland Plc
Market Place
Hyde
Cheshire
SK14 2LX
Investment Managers Brewin Dolphin
1 The Avenue
Spinningfields Square
Manchester
M3 3AP

1

FLOWERY FIELD CHURCH CHARITY NUMBER 215190

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

The trustees present their report and financial statements for the year ended 31[st] December 2021.

NAME AND NATURE OF ASSOCIATION

The name of the Association is FLOWERY FIELD CHURCH

The Charity is unincorporated.

The Charity’s registration number is 215190

The Church is an independent, non-denominational, ecumenical; Free Christian Church set up by a Trust Deed dated 1878. The building has been designated by the Local Authority, Tameside M.B.C., as a Grade II Listed Building of special architectural and historic interest. Services are held each Sunday and people of any denomination are welcome to attend. The Church is also available to all members of the local community for Weddings, Funerals and Baptisms and in the grounds is a Garden of Remembrance for the scattering of cremated remains. The Church is used for holding musical events, e.g. Organ Recitals and Concerts by Choirs and Brass Bands, etc.

OBJECTIVES AND ACTIVITIES

The primary responsibility of the Trustees is the maintenance and upkeep of the Church building and grounds. The administration of the Church affairs and the organisation of Services are carried out by a separate Committee, elected annually by the Congregation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Specific Investment Powers

The powers are to invest the monies of the charity not immediately required for its purpose in or upon such investments securities as may be thought fit subject nevertheless to such conditions (if any) that may for the time being be imposed or required by law.

Organisational Structure

There are currently five trustees including one chairperson and are as listed at the Charity Commission.

Officers

The officers of the Church are:Chairperson: Mrs P M Abbott Secretary: Mrs C A Redfern Treasurer: Mr J N Heywood

2

FLOWERY FIELD CHURCH CHARITY NUMBER 215190

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

EXAMINATION OF ACCOUNTS

The charity exceeds the threshold to require an independent examiners report and have therefore appointed Scott Roberts Taylor and Co.

The Trustees wish to record their gratitude to Mr. Adrian P. Brooks of Scott Roberts Taylor & Co, Chartered Certified Accountants, for acting as Independent Examiner of the accounts and also for his advice regarding presenting the accounts in a format suitable for submission to the Charity Commission.

FINANCIAL REVIEW

Investments

The Trustees have appointed Brewin Dolphin to manage our investment portfolios, with a specific instruction that investing should only be on a medium risk basis. A review of the investment portfolios takes places annually between the Trustees representatives and Brewin Dolphin.

The investments made by Brewin Dolphin continued to pay dividends this year yielding £6,044.

The investments fell significantly early in the year due to the onset of the coronavirus pandemic. However, there has been a subsequent recovery which saw the investments rise by 7.82% from the values of the previous year by the end of the year.

Income and Expenditure

A few years ago a Joint Pastorate Agreement was entered into with Hyde Chapel whereby each pays 50% of the Stipend and other costs involved in maintaining the Rev Eric W Breeze as the Joint Minister.

The coronavirus has had a big impact on the ability of the Church to function. Income has fallen dramatically but costs have been carefully managed and the Minister was put on the government furlough scheme as he was unable to carry out his duties. This measure has reduced costs to help to mitigate the loss in income. The Church will reopen when permitted to do so provided that the trustees feel it is safe to do so. Fund raising activities will continue to be severely curtailed for the foreseeable future. The trustees will continue to closely monitor the situation over the coming months.

TRUSTEES

The Trustees are appointed for life unless they wish to retire. During the past year there has been no change in the membership of the Trust and, at the end of the year, there remain the five Trustees listed on the Charity Commission website.

TRUSTEES RESPONSIBILITIES

The Trustees are responsible for the keeping of accounting records and the preparation of financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year end of the surplus or deficit of the charity for that period. The Charities Act 2011 requires the Charity to ensure that the accounting records disclose with reasonable accuracy the financial position of the Charity. In doing so the Trustees are required to select appropriate accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent, observe the methods and principles of the Charities SORP and to prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business

On behalf of the Trustee

…………………………………………… Chairperson – Mrs P M Abbott Approved by the Trustees:

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FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190

Independent Examiners Report

Report to the trustees of Flowery Field Church (Charity number 215190) on the accounts for the year ended 31[st] December 2021, which are set out on pages 3-6.

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 year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with the 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

In connection with my examination, no matter has come to my attention:

Signed……………………………………………….. Date

Name: Adrian P. Brooks Qualification F.C.C.A

4

FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] DECEMBER 2021


Unrestricted
Income
£
Incoming Resources
Incoming resources from generated Funds:
Investment Income 6,044

Gain on disposals of investments9,987
16,031
Incoming resources from charitable activities:
Collections
7,086
Subscriptions
119
Donations and Legacies
1,442
Wedding Fees
540
Funerals and Garden of Remembrance 454

Baptism Fees
240
100 Club
585
Christmas Fair
1,968
Hall rent
70
Interest received
-
Bequest
1,000
Insurance claim
-
Chalice funds
-
Glossop Fund

-
13,504
Total Incoming Resources
29,535
Resources Expended:
Costs of generating funds
Investment management costs
3,504
Direct Charitable Expenditure
Contribution to Joint Pastorate Fund
7,500

Guest Preacher Fees and expenses
50
Cleaner
446
Organist
500
Grounds Maintenance
1,002
Telephone, Stationery & Sundries
264
Heat, Light & Water
1,674
Insurance 5,163
Repairs 1,492
Envelopes
63
Donations net of Retiring Collections
210
18,364
Governance Costs
Independent Examiners Fee
660
Total Resources Expended
22,528

Net Incoming/(Outgoing) Resources 7,007
Unrealised (Loss)/Gain on Investments
19,006
Net Movement in Funds
26,013

Fund Balances brought forward 2020792,087
7
Fund Balances carried forward 2021 818,100
8		 Total
Funds
2021
£
6,044
9,987
16,031
7,086
119
1,442
540
454
240
585
1,968
70
-
1,000
-
-
-
13,504
29,535
3,504
7,500
50
446
500
1,002
264
1,674
5,163
1,492
63
210
18,364
660
22,528
7,007
19,006
26,013
92,087

18,100		 Total
Funds
2020
£
7,615
23
7,638
1,032
161
1,044
-
154
200
582
47
40
10
1,000
1,764
161
-
6,195
13,833
3,124
8,790
110
263
350
853
233
2,889
4,568
2,108
62
-
20,226
660
24,010
(10,177)
21,894
11,717
780,370
792,087

5

FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190

BALANCE SHEET AS AT 31[ST] DECEMBER 2021

Unrestricted
Income
Funds
£
FIXED ASSETS
Buildings
384,041

Investments at Market Value
397,007
781,048
CURRENT ASSETS
Lloyds Current Account Trustees
18,762
RBS Current Account Congregation
7,986
Balance held by Brewin Dolphin
9,941
Dividends received held by Brewin Dolphin
363
37,052

NET CURRENT ASSETS
37,052
NET ASSETS
818,100
Represented by:
FUNDS:
Unrestricted Income Funds:
General Reserve Surplus
818,100		 2021
Total
Funds
£
384,041

397,007
781,048
18,762
7,986
9,941
363
37,052
37,052
818,100
818,100		 2020
Total
Funds
£
384,041
368,187
752,228
19,163
7,006
13,250
440
39,859
39,859
792,087
792,087

The financial statements on pages 3 to 6 were approved by the trustees on

Signed on behalf of the Board:

Chairman: ……………………… Mrs P M Abbott Treasurer: ……………………… Mr J N Heywood

The accompanying accounting policies and notes on page 7 form part of the financial statements.

6

FLOWERY FIELD CHURCH, REGISTERED CHARITY NUMBER 215190

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2021

PRINCIPAL ACCOUNTING POLICIES

1.a Basis of Accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with Accounting and Reporting by Charities-Statement of Recommended Practice (SORP 2005) and with Accounting Standards (except that freehold land & buildings and those with a long useful life are not depreciated): and with the Charities Act 2011.

1.b Accounting Policies

  1. Income from Investments is recorded when receivable.

  2. Expenditure is included in the accounts on an accruals basis.

  3. Quoted Investments have been valued at market value at the balance sheet date.

2. Trustees and Employees Emoluments

None of the trustees or officers received any emoluments during the year.

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