**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. Page 1 ## **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 Page 2 ## **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: 1. accounting records were not kept in respect of the Trust 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. 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 Page 3 ## **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 Page 4 ## **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. Page 6 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. Page 7 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. Page 8 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| Page 9 continued... ## **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** Page 10 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|| Page 11 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 Page 12