REGISTERED CHARITY NUMBER: 262802
The Evangelical Fellowship of Congregational Churches General Purposes Fund
Financial Statements
31st December 2021
The EFCC General Purposes Fund
Contents of the Financial Statements for the year ended 31st December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
The EFCC General Purposes Fund
Report of the Trustees for the year ended 31st December 2021
The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to provide and promote fellowship between Evangelical Congregational Churches. The charity operates partly with paid staff and partly with voluntary staff. It is connected to the following charities:
1127720 The Evangelical Fellowship of Congregational Churches Trust Corporation Limited
273454 Charities administered in connection with the Evangelical Fellowship of Congregational Churches
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued to support and promote the work of The Evangelical Fellowship of Congregational Churches throughout England and Wales and the financial activities are set out on pages four to ten. The charity's income is applied to the support and employment of individuals, the resourcing of activities, gifts and donations to third parties and general administrative and property costs. The Trustees have considered the Commission's guidance on public benefit and are of the opinion that this is fulfilled by the charity's continued support of establishments for the advancement of religion.
The charity's financial position is underpinned by the support provided (in the form of a Management Fee) from the EFCC Trust Corporation (Charity no 1127720). The trustees have assessed the appropriateness of the going concern basis and it is their opinion that, if needed, short term funding will be provided by the EFCC Trust Corporation.
During the year under review, the charity remunerated the general secretary and met other costs associated with the general secretary and other trustees conducting their ministry around the country.
The Ministers' Conference was again organised and was a great success as were the various regional conferences covering the whole of the country.
FUTURE PLANS
The charity plans to manage its funds ensuring that it continues to assist churches develop effective ministries.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was registered with the Charity Commission under Reference 262802 and its governing instruction adopted on 5th June, 1971 and is structured in accordance with the Trust Corporation Memorandum dated 5th January, 1993.
Throughout the year the trust was administered by The Evangelical Fellowship of Congregational Churches Trust Corporation Limited. The power of appointment of new Trustees to the Trust lies with the existing trustees. New trustees are appointed with a view to the board of trustees providing the complementary mix of skills necessary to perform the trustees' function. Trustees are encouraged to obtain training so as to increase their skills, such training being funded by the charity.
The Trustees meet approximately four times a year, together with such further ad-hoc meetings as and when required. All key decisions relating to the running and operation of the charity are made by the Charity Trustees. Day to day operational decisions relating to the running of the charity's are delegated to the Minister director, office manager and administration staff.
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The EFCC General Purposes Fund
Report of the Trustees for the year ended 31st December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT - continued Governing document
The responsibility to ensure appropriate management of the charity is vested in the Board of Trustees. To assist the Board in discharging and achieving its responsibilities a General Committee, of which the Chairman and Vice Chairman are trustees, takes responsibility for the pastoral concerns of the member churches, the acceptance of new churches into the membership, support and advice for member churches and the ministers conference.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 262802
Principal address
Latimer Congregational Church Grovehill Road Beverley East Yorkshire HU17 0JD
Trustees
The EFCC Trust Corporation
Independent Examiner
L D Taylor, BSc (Hons) ACA Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
Solicitors
Wrigleys Solicitors LLP, 19 Cookridge Street, Leeds. LS2 3AG
RESERVES POLICY
Reserves are retained to enable operations to be funded for a period of up to one year, after taking into account anticipated net income for that period. In the short term this charity is relying on EFCC Trust Corporation Limited to make good the deficit enabling the work of the charity to continue.
Approved by order of the board of trustees on 5[th] April 2022 and signed on its behalf by:
....................................................................... The EFCC Trust Corporation - Trustee
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Independent Examiner's Report to the Trustees of The EFCC General Purposes Fund
Independent examiner's report to the trustees of The EFCC General Purposes Fund
I report to the charity trustees on my examination of the accounts of The EFCC General Purposes Fund (the Trust) for the year ended 31st December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
L D Taylor, BSc (Hons) ACA Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
Date: 5[th] April 2022
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The EFCC General Purposes Fund
Statement of Financial Activities for the year ended 31st December 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 141,515 Investment income 3 - Total 141,515 EXPENDITURE ON Charitable activities 4 Charitable 142,654 Total 142,654 NET (EXPENDITURE)/INCOME (1,139) RECONCILIATION OF FUNDS Total funds brought forward 34,562 TOTAL FUNDS CARRIED FORWARD 33,423 |
2020 Total funds £ 141,220 1 141,221 140,834 140,834 387 34,175 34,562 |
|---|---|
The notes form part of these financial statements
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The EFCC General Purposes Fund
Balance Sheet 31st December 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 2,315 CURRENT ASSETS Prepayments and accrued income (Debtors) 23,205 Cash at bank 7,903 31,108 CREDITORS Amounts falling due within one year 10 - NET CURRENT ASSETS 31,108 TOTAL ASSETS LESS CURRENT LIABILITIES 33,423 NET ASSETS 33,423 FUNDS 11 Unrestricted funds 33,423 TOTAL FUNDS 33,423 |
2020 Total funds £ 3,087 30,277 4,772 35,049 (3,574) 31,475 34,562 34,562 34,562 34,562 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5[th] April 2022 and were signed on its behalf by:
.............................................
The EFCC Trust Corporation - Trustee
The notes form part of these financial statements
Page 5
The EFCC General Purposes Fund
Notes to the Financial Statements for the year ended 31st December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern
Tangible fixed assets
Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Expenditure of a capital nature is capitalised when the amount expended per item is over £500.
Depreciation is calculated on a reducing balance basis to write down the cost of all fixed assets over their expected useful lives.
The rates generally applicable are:
Computer equipment 25%
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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continued...
The EFCC General Purposes Fund
Notes to the Financial Statements - continued for the year ended 31st December 2021
2. DONATIONS AND LEGACIES
| Donations and gifts Grants Fees and expenses allocated to other charities Grants received, included in the above, are as follows: Charitable 3. INVESTMENT INCOME Deposit account interest 4. CHARITABLE ACTIVITIES COSTS Charitable 5. SUPPORT COSTS Other resources expended Charitable |
Direct Costs £ 61,467 |
2021 2020 £ £ 26,815 38,020 14,700 14,700 100,000 88,500 141,515 141,220 2021 2020 £ £ 14,700 14,700 2021 2020 £ £ - 1 Support costs (see note 5) Totals £ £ 81,187 142,654 Management £ 66,751 14,436 81,187 |
|---|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2021 nor for the year ended 31st December 2020.
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continued...
The EFCC General Purposes Fund
Notes to the Financial Statements - continued for the year ended 31st December 2021
6. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
The trustees being the EFCC Trust Corporation Limited cannot receive remuneration from the charity. However during the year, expenses were reimbursed amounting to £672 (2020 £2,101) to the trustees while completing general fellowship work.
7. STAFF COSTS
| Total emoluments paid to employees in the year were as follows: Salaries and national insurance Pensions |
2021 £ 89,898 9,355 99,253 |
2020 £ 90,717 9,941 100,658 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| Charitable Administration |
2021 3 2 5 |
2020 3 2 5 |
|---|---|---|
No employees received emoluments in excess of £60,000.
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continued...
The EFCC General Purposes Fund
Notes to the Financial Statements - continued for the year ended 31st December 2021
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 141,220 | |
| Investment income | 1 | |
| Total | 141,221 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable | 140,834 | |
| NET INCOME | 387 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 34,175 | |
| TOTAL FUNDS CARRIED FORWARD | 34,562 | |
| 8. | TANGIBLE FIXED ASSETS | |
| Computer | ||
| equipment | ||
| £ | ||
| COST | ||
| At 1st January 2021 and | ||
| 31st December 2021 | 17,211 | |
| DEPRECIATION | ||
| At 1st January 2021 | 14,124 | |
| Charge for year | 772 | |
| At 31st December 2021 | 14,896 | |
| NET BOOK VALUE | ||
| At 31st December 2021 | 2,315 | |
| At 31st December 2020 | 3,087 |
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The EFCC General Purposes Fund
Notes to the Financial Statements - continued for the year ended 31st December 2021
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | 2020 | ||
|---|---|---|---|---|
| £ | £ | |||
| The Evangelical Fellowship of Congregational Churches Trust Corporation | 14,267 | 27,767 | ||
| Limited | ||||
| Churches Administered in connection with The Evangelical Fellowship of | 8,938 | 2,510 | ||
| Congregational Churches | ||||
| 23,205 | 30,277 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Sundry creditor | - | 1,739 | ||
| Conferences | - | 1,835 | ||
| - | 3,574 | |||
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 34,562 | (1,139) | 33,423 | |
| TOTAL FUNDS | 34,562 | (1,139) | 33,423 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in | funds | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 141,515 | (142,654) | (1,139) | |
| TOTAL FUNDS | 141,515 | (142,654) | (1,139) |
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
11. MOVEMENT IN FUNDS
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continued...
The EFCC General Purposes Fund
Notes to the Financial Statements - continued for the year ended 31st December 2021
11. MOVEMENT IN FUNDS continued…
Comparatives for movement in funds
12.
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.20 | in funds |
31.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 34,175 | 387 | 34,562 | |
| TOTAL FUNDS | 34,175 | 387 | 34,562 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources |
Movement | ||
| resources | expended |
in | funds | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 141,221 | (140,834) | 387 | |
| TOTAL FUNDS | 141,221 | (140,834) | 387 | |
| RELATED PARTY DISCLOSURES | ||||
| During the year the charity had the following incoming resources from related | parties | |||
| 2021 | 2020 | |||
| £ | £ | |||
| EFCC Trust Corporation | 100,000 | 85,000 | ||
| At the year end there were the following balances due from related parties: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| The Evangelical Fellowship of Congregational Churches Charities | 8,938 | 2,510 | ||
| Administered | ||||
| EFCC Trust Corporation | 14,267 | 27,767 | ||
| - | - | |||
| 23,205 | 14,267 |
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continued...
The EFCC General Purposes Fund
Detailed Statement of Financial Activities for the year ended 31st December 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations and gifts Grants Fees and expenses allocated to other charities Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Pastoral care Publications Conference and meetings Subscription Support costs Management Administration and finance Other Meetings Total resources expended Net (expenditure)/income |
2021 £ 26,815 14,700 100,000 141,515 - 141,515 48,473 5,951 3,323 3,720 61,467 65,671 9,039 6,477 81,187 142,654 (1,139) |
2020 £ 38,020 14,700 88,500 141,220 1 141,221 44,815 5,280 3,838 3,720 57,653 74,716 7,767 698 83,181 140,834 387 |
|---|---|---|
This page does not form part of the statutory financial statements
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