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Dartford Community Church
Report and Accounts
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year ended 31 August 2020
1 Lamb's Passage LONDON EC1Y 8AB t: 020 8502 5600 e: enquiries@stewardship.org.uk w: www.stewardship.org.uk
DARTFORD COMMUNITY CHURCH
CHARITY INFORMATION
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
| Trustees | A Morosini | |
|---|---|---|
| J Elsden | ||
| D Hall | (appointed 19 November 2019) | |
| Key Staff | Ian Travers | |
| Quinton Handscomb | ||
| Governing Document | Declaration of Trust dated June 1986, amended August 2006 and September 2006. |
|
| Charity Registration Number | 295022 | |
| Principal Address | Glen Almond | |
| Church Hill | ||
| Wilmington | ||
| Kent | ||
| DA2 7DY | ||
| Independent Examiner | Lourens du Plessis ACA CA(SA) | |
| Stewardship | ||
| 1 Lamb's Passage | ||
| London | ||
| EC1Y 8AB | ||
| Bankers | Barclays Bank plc |
| Contents | Page |
|---|---|
| Charity Information | 1 |
| Trustees' Annual Report | 2-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8-14 |
| Detailed Statement of Financial Activities with Comparatives | 15 |
Page 1
DARTFORD COMMUNITY CHURCH
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
The trustees have pleasure in submitting the Report and Accounts for the year.
Objects of the charity
The Trust seeks to demonstrate Christian faith by living out authentic church life in Dartford and further afield. The following five values guide the Church:
1. Pursuing:
To encounter God’s presence through the Bible, devoted prayer, and Spirit-filled worship.
2. Belonging
To ensure our activities help everyone to feel at home with us, wherever they’re from, whatever their background, leading to a church family that reflects the love of God through the rich diversity of our community.
3. Serving:
To include in our programme commitments to helping those around us in the church and the wider community.
4. Reaching:
To use our resources to broadcast the Gospel: we want everyone to know there’s a Saviour that loves them.
5. Restoring:
To apply Jesus’ love, forgiveness, acceptance and grace to bring hope that saves, heals and restores people.
Review of Activities
From September 2019 to August 2020, we have made opportunities for people to experience the love of God and respond to the Gospel message through our regular Sunday meetings, a variety of mid-week meetings and at other special events welcoming new people into membership of the church. Of necessity, these meetings moved online from Wednesday 18th March 2020. We committed funds accordingly and are grateful to our full time staff and many volunteers as we made this change and their willingness to comply with COVID safe working methods. We are encouraged that church continued to function in this way and still reflects the wider community with a diverse ethnic membership.
Specific activities of note are:
• Supporting those in our community who are disadvantaged by debt. To this end DCC in conjunction with Christians against Poverty continues to operate a CAP Debt Centre employing a Debt Centre Manager who, together with Volunteer Workers, supports people from the community who are in dire financial straits. This involves negotiation with creditors to alleviate the consequences of poverty caused by debt.
Page 2
DARTFORD COMMUNITY CHURCH
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
• Together with members of other Dartford churches continued to support the Foodbank initiative by assisting with the manning of the centre as well as collecting donated essential supplies. Additionally, donating £5,000 to 8 different Foodbanks across Dartford and Gravesend who serve over 300 families.
- Supporting the AMEN charity via the Christmas Shoebox appeal to Rumania
• Investing in new equipment and software to enable our Sunday services, mid-week ‘Connect’ Groups, Prayer, Youth and many other meetings to go online. We have been grateful to skilled volunteers who have given their time for this.
-
Delivering Youth and children's work as an important part of the church's support for the wider
-
community online.
• Through DCC’s membership of the Catalyst family of churches, we continued to support its ideals and ministry through attendance by leaders and other church members at conferences albeit online. We also support their work through regular financial giving to projects, both in the UK and the wider world. Leaders of DCC have been particularly involved in overseas ministry, supporting various churches in Russia and Ukraine through regular contact.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Structure, Governance and Management
Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees.
Financial review
The members of the church have continued to support the work of the church generously. The end of year accounts record income of £284,999 (2019: £231,672) and expenditure of £248,256 (2019: £212,070). This resulted in a surplus of expenditure over income of £36,743 (2019: £19,602). The Trustees are confident that charity can continue operating for the next 18 months
Reserves policy
The Board of Trustees have set a policy of retaining reserves sufficient for the foreseeable needs of the Church. Specific amounts are set aside to meet normal costs for up to twelve months of the level of committed expenditure over guaranteed income. In the next period, the Trustees will form a long term plan to assign the additional reserves that have recently built up to further grow the objects of the charity.
Key risks and uncertainties
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Page 3
DARTFORD COMMUNITY CHURCH
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
Responsibilities of trustees under charity law
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The�trustees�are�responsible�for�keeping�proper�accounting�records�that�disclose�with�reasonable� accuracy�at�any�time�the�financial�position�of�the�charity�and�enable�them�to�ensure�that�the�financial� statements�comply�with�the�Charities�Act�2011�and�the�Charity�(Accounts�and�Reports)�Regulations� 2008.�They�are�also�responsible�for�safeguarding�the�assets�of�the�charity�and�hence�for�taking� reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
A Morosini, Chair of Trustees
Date:����������2021
Page 4
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
DARTFORD COMMUNITY CHURCH ('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2020 on pages 6 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.
Responsibilities and basis of report
As the charity’s 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 Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Lourens du Plessis ACA CA(SA) Member of the Institute of Chartered Accountants in England and Wales
��������2021
Stewardship 1 Lamb's Passage London EC1Y 8AB
Page 5
DARTFORD COMMUNITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
| Note INCOME AND ENDOWMENTS FROM: Donations 3 Charitable activities 4 Interest 5 Total income and endowments EXPENDITURE ON: Charitable activities 6 Other Total expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12 |
Unrestricted Funds £ 271,680 - 356 272,035 205,844 - 205,844 - 66,192 (29,948) 36,243 36,243 302,426 338,670 |
Restricted Funds £ 12,964 - - 12,964 42,412 - 42,412 - (29,448) 29,948 500 500 500 1,000 |
Total Funds 2020 £ 284,644 - 356 284,999 248,256 - 248,256 - 36,743 - 36,743 36,743 302,926 339,670 |
Total Funds 2019 £ 225,013 6,341 318 |
|---|---|---|---|---|
| 231,672 | ||||
| 212,070 - |
||||
| 212,070 | ||||
| - | ||||
| 19,602 - |
||||
| 19,602 | ||||
| 19,602 283,324 |
||||
| 302,926 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 8-14 form part of these accounts.
Page 6
DARTFORD COMMUNITY CHURCH
BALANCE SHEET
AS AT 31 AUGUST 2020
| Note FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 8 Cash at bank and in hand 9 CREDITORS: Amounts falling due within one year 10 Net current assets / (liabilities) Total assets less current liabilities TOTAL NET ASSETS FUND BALANCES 12 Unrestricted Funds General funds Restricted Funds |
Unrestricted Funds £ 163,783 163,783 4,241 180,619 184,860 (9,973) 174,886 338,670 338,670 338,670 - 338,670 |
Restricted Funds £ - - - 1,000 1,000 - 1,000 1,000 1,000 - 1,000 1,000 |
Total Funds 2020 £ 163,783 163,783 4,241 181,619 185,860 (9,973) 175,886 339,670 339,670 338,670 1,000 339,670 |
Total Funds 2019 £ 161,475 |
|---|---|---|---|---|
| 161,475 | ||||
| 2,478 142,530 |
||||
| 145,008 (3,557) |
||||
| 141,451 | ||||
| 302,926 | ||||
| 302,926 | ||||
| 302,426 500 |
||||
| 302,926 |
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
�A Morosini, Chair of Trustees
Date���������������
Charity number: 295022
The notes on page 8-14 form part of these accounts.
Page 7
DARTFORD COMMUNITY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
1 Statutory Information
The charity is a trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
2 Accounting Policies
These financial statements are prepared on a going concern basis, under the historical cost convention .
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The previous year's accounts were prepared using the receipts and payments basis but, this year, the charity was obliged to prepare its accounts using the accruals basis. The results for 2019, which are comparatives quoted in these accounts, have been restated using the accruals basis (see note 32 for details).
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered how Covid-19 might affect projections.
b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations includes:
Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
Page 8
DARTFORD COMMUNITY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
d) 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Is not depreciated (because it is maintained to a high standard) Equipment Over 4 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
f) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
g) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
h) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
i) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
3 Donations
| 3 Donations |
||
|---|---|---|
| Donations of cash and similar Income tax recoverable 4 Income from charitable activities Youth Events 5 Investment income Bank interest |
2020 £ 247,483 37,161 284,644 2020 £ - - 2020 £ 356 356 |
2019 £ 188,662 36,351 |
| 225,013 | ||
| 2019 £ 6,341 |
||
| 6,341 | ||
| 2019 £ 318 |
||
| 318 |
Page 9
DARTFORD COMMUNITY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
6 Charitable expenditure
| 6 Charitable expenditure |
||
|---|---|---|
| a Costs incurred directly on specific activities Employment costs Staff expenses Ministry costs Rent and maintenance Utilities Insurance Governance and professional costs Events and evangelism Conferences and training Equipment Depreciation of tangible fixed assets Other costs Grants payable (note 6b) Total expenditure |
2020 £ 132,978 1,459 29,173 9,124 3,218 980 6,810 647 2,102 12,796 2,069 737 202,094 46,162 248,256 |
2019 £ 122,963 3,311 28,542 9,903 2,638 1,004 5,501 7,290 1,800 10,591 (25) 1,012 |
| 194,532 17,538 |
||
| 212,070 |
The fee payable to the independent examiner for preparing and examining the accounts was £3,000 (2019: £1,200).
b Grants payable
| Grants for UK and overseas mission Grants for the relief of poverty The comparatives for the previous year are as follows: Grants for UK and overseas mission Grants for the relief of poverty The charity's principal grants to institutions comprised: New Frontiers Amen Trust The Light of Dawn Trust - Ukraine Gift Clarendon Trust Mary's Child - Food Bank Donation Foodbank donation to Gravesham centre - CharityCheckout London Christians Against Poverty (CAP) Operation Mobilisation (OM) Grants to institutions for less than £1,000 each |
Institutions £ 27,878 15,756 43,633 Institutions £ 10,768 6,720 17,488 |
Individuals £ 979 1,550 2,529 Individuals £ 50 - 50 2020 £ 26,000 2,000 2,466 1,628 1,400 1,400 6,990 - 1,750 43,633 |
2020 £ 28,856 17,306 |
|---|---|---|---|
| 46,162 | |||
| 2019 £ 10,818 6,720 |
|||
| 17,538 | |||
| 2019 £ 6,000 - - - - - 6,720 4,518 250 |
|||
| 17,488 |
Page 10
DARTFORD COMMUNITY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
7 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses
The average monthly number of employees during the year was 5 (2019: 5). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Charity Information page. During the year key management received employment benefits totalling £95,466 (2019: £90,826)
No trustees received employment benefits in either the current or preceding year.
8 Tangible fixed assets
| Valuation At 1 September 2019 Additions Disposals At 31 August 2020 Accumulated depreciation At 1 September 2019 Charge for the year At 31 August 2020 Net book value At 31 August 2020 At 31 August 2019 |
Freehold Property £ 160,000 - - 160,000 - - - 160,000 160,000 |
Fixtures, fittings and equipment £ 3,900 4,378 - 8,278 2,425 2,069 4,494 3,783 1,475 |
Total 2020 £ 163,900 4,378 - |
|---|---|---|---|
| 168,278 | |||
| 2,425 2,069 |
|||
| 4,494 | |||
| 163,783 | |||
| 161,475 |
Freehold property was valued for insurance purposes at £160,000 as at 1 September 2019.
8 Debtors
| Falling due within one year: Tax recoverable Prepayment Total debtors 9 Cash at Bank and in Hand Cash at bank with immediate access 10 Creditors: liabilities falling due within one year Fee for Accounts and Examination Other creditors |
2020 £ 2,613 1,628 4,241 4,241 2020 £ 181,619 181,619 2020 £ 3,000 6,973 9,973 |
2019 £ 2,478 - |
|---|---|---|
| 2,478 | ||
| 2,478 | ||
| 2019 £ 142,530 |
||
| 142,530 | ||
| 2019 £ 1,200 2,357 |
||
| 3,557 |
Page 11
DARTFORD COMMUNITY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
11 Pension commitments
During the year employer’s pension contributions totalling £3,187 (2019: £2,620) were payable to defined contribution personal pension schemes. Pension contributions of £3,107 were owing at the balance sheet date (2019: £nil).
12 Funds
During the year the movements in the charity's funds were as follows:
| General Unrestricted Funds Total Unrestricted Funds Restricted Funds Newday Christians Against Poverty Catalyst Covid Hardship Aggregate of funds |
Opening balance 2020 £ 302,426 302,426 - 500 - - 500 302,926 |
Incoming resources 2020 £ 272,035 272,035 - 319 11,645 1,000 12,964 (192,880) |
Outgoing resources 2020 £ (205,844) (205,844) (1,915) (19,748) (20,000) (750) (42,412) (72,360) |
Transfers in the year 2020 £ (29,948) (29,948) 1,915 18,929 8,355 750 29,948 29,948 |
Closing balance 2020 £ 338,670 |
|---|---|---|---|---|---|
| 338,670 | |||||
| - - - 1,000 |
|||||
| 1,000 | |||||
| 339,670 |
The transfers referred to above were made for the following reasons:
a) Transfer from General to the Newday fund to zero off the fund for year as event did not happen due to Covid
b) Transfer from General to CAP to zero off fund for year
c) Transfer from General to Catalyst Covid to 'top up' the donation
d) Transfer from General to Hardship as tustees would like to hold £1,000 in this fund
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| assets and liabilities of the various funds were as follows: | |||
|---|---|---|---|
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year |
Unrestricted General funds £ 163,783 4,241 180,619 (9,973) 338,670 |
Restricted funds £ - 1,000 1,000 |
2020 £ 163,783 4,241 181,619 (9,973) |
| 339,670 |
Page 12
DARTFORD COMMUNITY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
In the previous year the movements in the charity's funds were as follows:
| General Unrestricted Funds Total Unrestricted Funds Restricted Funds Newday Christians Against Poverty Aggregate of funds |
Opening balance 2019 £ 283,324 283,324 - 283,324 |
Incoming resources 2019 £ 224,581 224,581 6,341 750 7,091 231,672 |
Outgoing resources 2019 £ (205,479) (205,479) (6,341) (250) (6,591) (212,070) |
Transfers in the year 2019 £ - - - - |
Closing balance 2019 £ 302,426 |
|---|---|---|---|---|---|
| 302,426 | |||||
| - 500 |
|||||
| 500 | |||||
| 302,926 |
Analysis of net assets by fund
In the previous year, the assets and liabilities of the various funds were as follows:
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year |
General Designated funds funds £ £ 161,475 2,478 142,030 - (3,557) 302,426 - Unrestricted Funds |
Restricted funds £ 500 500 |
2019 £ 161,475 2,478 142,530 (3,557) |
|---|---|---|---|
| 302,926 |
The Newday Fund is for an annual Christian youth festival for Churches from all denominations. The Christians Against Poverty (CAP) Fund is in support of a local community CAP debt centre.
The Catalyst Covid Fund is to provide financial support to UK and overseas mission during the Covid-19 pandemic The Hardship Fund is for the support of people known to the church who are experiencing considerable financial hardship
13 Transactions with related parties
During the year the charity:
- a) received donations totalling £46,596 (2019: £42,261) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
During the year the charity made no payments to, or for, related parties.
Page 13
DARTFORD COMMUNITY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED YEAR ENDED 31 AUGUST 2020
16 Reconciliation with previously reported funds
In the previous year the charity prepared its accounts using the receipts and payments basis; in the current year the charity's income exceeded £250,000 and so it is now obliged to use the accruals basis for the preparation of its accounts. The comparatives presented in these accounts have been re-stated using the accruals basis and a reconciliation with the reserves and results reported previously follows:
| Reconciliation of reserves Previously reported reserves, at 31 August Adjustments arising from use of accruals basis: Inclusion of previously excluded fixed assets Inclusion of previously excluded debtors Inclusion of previously excluded creditors Re-stated reserves, at 31 August |
2019 £ 140,173 161,475 2,478 (1,200) 302,926 |
2018 £ 120,696 161,450 2,078 (900) |
|---|---|---|
| 283,324 |
| Previously reported results Adjustments arising from use of accruals basis: Capitalised expenditure less depreciation Movements in debtors resulting in the recognition of more / (less) income Movements in creditors resulting in the recognition of less / (more) expenditure Re-stated results Reconciliation of results |
2019 £ 19,477 25 400 (300) |
|---|---|
| 19,602 |
Page 14
| Total | 2019 | £ | 225,013 | 6,341 | 318 | 231,672 | 212,070 | 212,070 | 19,602 | - | 19,602 | 283,324 | 302,926 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted | 2019 | £ | 7,091 | - | - | 7,091 | 6,591 | 6,591 | 500 | - | 500 | - | 500 | ||||||
| Unrestricted | General | 2019 | £ | 217,922 | 6,341 | 318 | 224,581 | 205,479 | 205,479 | 19,102 | - | 19,102 | 283,324 | 302,426 | |||||
| Total | 2020 | £ | 284,644 | - | 356 | 284,999 | 248,256 | 248,256 | 36,743 | - | 36,743 | 302,926 | 339,670 | ||||||
| Restricted | 2020 | £ | 12,964 | - | 12,964 | 42,412 | 42,412 | (29,448) | 29,948 | 500 | 500 | 1,000 | |||||||
| Unrestricted | General | 2020 | £ | 271,680 | - | 356 | 272,035 | 205,844 | 205,844 | 66,192 | (29,948) | 36,243 | 302,426 | 338,670 | |||||
| Note | 3 | 4 | 5 | 6 | 12 | 12 | |||||||||||||
| INCOME AND ENDOWMENTS FROM: | Donations | Charitable activities | Interest | Total income and endowments | EXPENDITURE ON: | Charitable activities: | Total Expenditure | Net income/(expenditure) | Transfers between funds | Net movement in funds | Reconciliation of funds: | Total funds brought forward | Total funds carried forward |