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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 297569

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

THURROCK CHRISTIAN FELLOWSHIP TRUST

Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

THURROCK CHRISTIAN FELLOWSHIP TRUST

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 22
Detailed Statement of Financial Activities 23 to 24

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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

Thurrock Christian Fellowship is a Christian Church that meets for:

Over the year the Trust had involved itself in the following projects and activities in the pursuance of these main aims and objectives for the public benefit.

ACHIEVEMENT AND PERFORMANCE Charitable activities

TCF - A Christian Church

Thurrock Christian Fellowship is a small but vibrant, growing, local church in the borough of Thurrock, South Essex. We believe that God has called Thurrock Christian Fellowship (TCF) to help transform Thurrock, Essex and, ultimately the wider UK, with the message and person of Jesus Christ. Our aim is to serve God in creating a growing community of people who know and love Jesus Christ and whose lives encourage others to experience His message of hope and salvation.

We are particularly passionate about:

Our own Community Groups meet throughout the week at various locations across Thurrock and they are at the core of our life in TCF. Community Groups provide a place of belonging within the wider vision and help to anchor a sense of identity and purpose as well as encouraging accountability and service. It is here, that we also encourage our vision for mission starting in our everyday lives and reaching out through activities such as local forums, camping holidays, street evangelism or supporting Christian projects in the Balkans.

Once a month we suspend Community Group meetings and gather together for a 'Seeking God' meeting, where we worship, listen to the Holy Spirit speaking to us and pray about key issues relating to the church.

TCF Ministry Staff

Thurrock Christian Fellowship has a team of four leaders:

John Freeman, Glenda Freeman, Gillian Cranefield and Andy Acreman. They take the main responsibility for directing and leading the church and meet formally a least once a month, sometimes with others. TCF has good relationships with other churches both local and further afield, and the input from their leaders and other key people has proved invaluable over the past year.

The TCF Administration consists of John Freeman and two other part time staff. Between them they are employed to provide administrative support to the whole of the TCF Church as well as to several main ministries including the TCF Preschool, Thurrock Foodbank, and the CAP (Thurrock) Debt Centre.

Page 1

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

TCF Mission Budget

The Mission Budget is set at 10% of TCF's income for the previous year, therefore the amount allocated has decreased the last few years in line with the declining total income. We have supported the following:

Kosova - Our ministry in Kosova is focused into supporting Victory Church in the town of Gjakova, their leaders (Faton & Kajmelina Berisha) and the ministries they are involved in.

Albania - Here we support church leaders and missionary worker under the direction of Tomor & Miranda Ajeti from the Victory Church in Tirana.

School of Ministries - an international Christian organisation that trains church leaders across the world.

The Mission Budget also continues to fund the Christians Against Poverty (Thurrock) Debt Centre and to make monthly donations to Christians Against Poverty ('CAP') UK central funds, relating to the Debt Centre's use of CAP UK's financial expertise and advice to CAP Thurrock's clients.

Treasure Children Forever Pre School - Corringham

Our Preschool caters for children aged 2 years to 5 years. It presently employs 21 regular staff, with 7 staff members providing cover for one-to-one support for 8 children with additional needs. The Preschool has grown in reputation for working with children with Special Education needs and is now working with children that have moderate to severe education and health needs. It continues to be fully subscribed. It has a very good reputation in the area with many recommendations from parents to family and friends.

The Preschool was last inspected by Ofsted on the 22nd of October 2015 and received an overall 'Outstanding' for the second successive time. Below is a quoted from this latest inspection report.

"The provider has a thorough understanding of the requirements of the Early Years Foundation Stage. Staff are highly valued. This leads to excellent partnership working throughout the pre-school. Close communication with outside agencies helps to meet the needs of families. Parents speak highly of the pre-school and say that their children's confidence has increased since attending. Safeguarding is effective. Staff have an excellent understanding of the importance of safeguarding children through highly effective recruitment and induction arrangements. Staff attend regular training and take part in extensive, in-house updates at staff meetings".

The Preschool continues to remain in a healthy financial position and has a secure future.

Staff training continues. During the year the whole staff team have undertaken various training courses, including safeguarding, thereby ensuring we stay compliant with Ofsted requirements. We have continued to undertake training online. Supplied by Noodle now.

The Pre School has now returned to normal practices, in light of all Covid restrictions being removed.

Thurrock CAP Centre

Christians Against Poverty (CAP) is a national debt counselling charity working through a network of centres based in local churches across the UK. CAP offers expert financial advice and a route out of debt, in addition to its message of Christian hope through the gospel of Jesus Christ. Its services are free and are open to clients of all faiths or none.

Summary

The past couple of years have, of course, been affected by the Covid pandemic and associated legal restrictions to all organisations and activities. Despite very significant challenges, the CAP Centre staff have worked very hard and it has been a very positive year for the Centre. Our main task as a local Centre is to pull clients out of any immediate financial crisis, assist where possible with urgent practical needs, move them through the information gathering and financial advice stages, and support them as they stabilise onto a long-term plan.

Recent Developments.

TCF has now partnered with Christians Against Poverty ('CAP') nationally and has funded and hosted the CAP Thurrock Debt Centre for about seven years. In all this time, David Acreman has been the Debt Centre Manager, first as a volunteer, then as an employee of TCF, then as a self-funded ministry worker - with CAP Thurrock paying his out-of-pocket expenses.

In late 2021, David Acreman gave notice that he intended to end his role as Debt Centre Manager ('DCM') with effect from 31st March 2022. He is personally no less committed to the work of CAP but believes that God has called him to work more directly with CAP Clients in an evangelistic capacity, and to focus more on local evangelism too. The Leaders and Trustees of TCF accepted his resignation with regret (from the point of view of our local Debt Centre), whilst acknowledging the evident strong evangelistic call of God on his life. We wish to put on record our profound and grateful thanks to David for his seven years of incredibly hard and effective work in this most difficult role. So many of his Debt Centre clients speak highly of him as a Debt Coach and as a person; CAP nationally also hold him in high regard. Well done!

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THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE

We also thank Marion Bayton and Judith Acreman for the consistent and effective help they gave (voluntarily) to the Debt Centre and to David personally, over several years.

The post of Debt Centre Manager / Debt Coach has been advertised on two occasions to date. There have been no suitable applications as yet. Given that a Debt Centre cannot function without a qualified Debt Coach, CAP nationally have reluctantly taken the decision, w.e.f. 31st May 2022, to impose a Temporary Closure on the Thurrock Debt Centre until a new Debt Centre Manager is found. Should this search remain unsuccessful, then the Centre will be closed permanently.

Finances

It costs the CAP Thurrock Centre about £500-£600 per month to run. The main cost is the normal £500 pm we contribute towards the CAP Head Office Debt Advice Teams, who provide the financial advice for our clients, contact creditors, arrange payments or insolvency proceedings and so on. The contribution we pay also includes regular FCA-required training and any CAP resources, like the client workbooks. Additional costs from this budget are monthly mileage and expenses, if any, for the Debt coach and purchasing any additional resources.

Until now (Autumn 2022), the Debt Centre Manager post has been advertised as a voluntary position. In order to secure a successful application in future, it may be possible first to secure charitable grant funding to create a paid position for the Manager role. This is being investigated.

Thurrock FoodBank

Overview:

It is good to say that over the past 12 months extensive building works have been completed and Thurrock Foodbank Warehouse has moved into the refurbished Warehouse. This took a lot of extra work and coordination as well as many operational challenges. We are so grateful to our volunteers who have had to work through some very difficult conditions. We have continued to explore how to help people in many different ways, not only providing food parcels but also signposting them to relevant agencies, demonstrating that Thurrock Foodbank is more than giving out Food parcels. We have been awarded Pathfinder Foodbank status by the Trussell Trust and we have developed, and are now implementing, a 5-Year strategic plan to help get people the help that they need to reduce the reliance on Thurrock Foodbank.

Distribution Centres:

Thurrock Foodbank continues to operate ten Distribution Centres across Thurrock and we are launching two Foodbank hubs - in Aveley and in Corringham - to ensure we reach the whole community of Thurrock.

Business relationships:

We continue to have good support from all the large stores and also local businesses. We have a new storage container located at DP World that will enable us to move out of our current storage location and make a significant saving to our monthly outgoings. We have had recent community events with Morrisons Grays and Corringham. We have store collections arranged for in the Autumn at both Asda and Sainsburys.

Staffing:

The dedication and support of our volunteers continues to be incredible. We simply could not achieve what we do without the support and commitment. We have been able to recruit new volunteer members to our van crew which has enabled us to develop a rota and share the workload across the team. Our roles have taken a slightly different role as we develop our strategies for the future. We have developed a role to work with our referral agencies to ensure our community is aware of what help they can get and from where. This will also enable us to offer a wider range of services through our referral partners.

Clients:

Still we see the majority of our clients needing to use the Foodbank due to benefits changes and delays, but this has also increased due to the cost of living crisis. There is also an increase in those seeking asylum that have no recourse to public funds and sadly domestic violence cases are also on the increase.

Page 3

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE

Statistics:

Since 1st April we have fed 2400 people, 1065 of which were children. We are approximately 5% lower than this same period last year, but this is still 31% up on Pre-pandemic figures. (However current figures now confirm as of August 2022, we are actually 2% above last year's figures!)

We do want to see a declining trend, and people not being reliant on our services, which is why it is important that we continue to review our strategy to ensure we are able to support people with the appropriate help for their situation. We are developing a role to work with our referral agencies to ensure our community is aware of what help they can get and from where.

The Future:

This year we are celebrating 10 years of Thurrock Foodbank; it is always a dilemma as to whether to celebrate the existence of Thurrock Foodbank, but what we can celebrate is the dedication and hard work of all those that have supported us over the past 10 years. We are so grateful for all those that support us is so many different ways, and the financial support given to us by the National Lottery to help us fund staff and facilities to be able to reach the needs of our community. .

FINANCIAL REVIEW

Financial position

The Trustees, Advisors and Administrators have worked hard over this year in all areas of financial accounting and controls to ensure that the finances of TCF are used effectively in our ministry. The members of TCF have continued to give generously and, as always, God has been gracious to us all. In addition to the church's income from tithes, offerings and hall rental, fundraising is received through offerings, including a monthly 'Special Offering', which is an opportunity for members to contribute directly to a Foodbank collection, as well as the Thurrock CAP Debt Centre and the Poor & Needy Fund. In this context, including Preschool fees, we are thankful for total 'Incoming Resources' of £776,255 Against this our total 'Outgoing Resources' amounted to £805,785, leaving us at a deficit over the year of £29,530.

At the end of the year, there was a total of £421,735 in the TCF bank accounts.

Page 4

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

FINANCIAL REVIEW

Reserves policy

The Trustees have reviewed the Reserves Policy and consider it prudent to keep sufficient reserves to cover any unforeseen circumstances such as redundancy etc. These reserves are not invested in tangible assets but are kept restricted in line with the TCF Business Policy. The ongoing aim is to have sufficient funds to cover the total staff wages for a period of 3 months, and we are working towards this target incrementally. Currently, there is a sum of £62,600 that has been set aside.

SPACIOUS PLACE VISION

The TCF Leadership and Trustees have a vision to establish multi-functional support and outreach 'hub', named 'The Spacious Place'. This vision includes our existing church, preschool, Foodbank, CAP Centre and other 'ministries', but is not limited to these in the future. It is based upon the goodness of heaven coming to earth, and specifically to this part of Thurrock, for the benefit of all the local residents, whether they are part of TCF or not. The integration and symbiosis of all the above ministries is a first step in this vision being fulfilled. Our principal resources for this vision rest upon God and people, but there will also be a significant need for buildings and financial resources to make this vision possible.

One of the structural enhancements we required was an enlarged and reconfigured Foodbank warehouse and local distribution point. In addition, a multi-use community café (to be named 'The Spacious Place') will act as a common hub and resource centre for all users of our buildings and for the local community. For the Trustees and Leaders, the raising of sufficient funds has been a big step of faith, and we have been amazed and grateful to witness God's provision via generous individual donors and big-hearted organisations and grant providers, both local and national. As a result, we have received a combined total of £124,862 towards the Foodbank warehouse and the Café building works (at 31 March 2022). All the building work has been begun and is likely to be completed by the end of September 2022, at which point the Café will open.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

During the 2022/23 financial year, we will investigate the benefits of C.I.O. incorporation and a complete revision of the Governing Document / Trust Deed.

As at 31st March 2022, the Board of Trustees is a team of seven people; this includes Trustees, any appointed Advisors and Executives, and other board members representing the Church Leadership Team. The board meets a minimum four times per annum.

Trustees Andrew Acreman - Chairman Ricky Cranefield - Secretary Godfred Adomako - Treasurer Claire Ruff Steve Chapman (appointed 21st March 2022) Executives John Freeman - Administrative Manager & Leadership Team Member Rachel Hicks - Senior Administrative Team Member Alison Jones - Preschool Manager & Safeguarding Officer

Recruitment and appointment of new trustees

Trustees are recruited from within the church membership. They are active, reliable members, of reasonably long standing within TCF. They are people who clearly demonstrate their understanding and commitment to the vision and values of the church, are deemed to be of good Christian character, and give financially to the work of God in accordance with Biblical beliefs. Furthermore, they are people who demonstrate a competence commensurate with the fulfilment of the responsibilities of Trustees.

New Trustees are proposed by existing Trustees, in consultation with the Church Leadership, which has a veto over the appointment of any Trustee. New Trustees are invited to attend regular Trustees' meetings for an initial minimum period of 6 months, functioning in a probationary capacity, but with full decision-making power. After this probationary period, if approved by the existing Trustees and Church Leadership, they would normally be invited by the existing Trustees to take up the permanent role of a Trustee, with written confirmation of each appointment from the Chairman. After this, there would normally follow a discussion of the specific roles and functions of each new Trustee within the Board.

Page 5

THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees

The formal invitation to become a Trustee 'on probation' would include a copy of the Charity Commissions publication outlining "Responsibilities of Charity Trustees", the latest of which is "The Essential Trustee: What you need to know" (July 2015). Each invitee is invited to spend a day in the Church Office, speaking to our administrative staff and reviewing past minutes and financial documents. Also, these invitees will both observe, and participate in, a number of Trustees' meetings before being formally invited to become a permanent Trustee, usually over a 6-month period. In addition, there is the opportunity for informal mentoring by an existing Trustee and an encouragement to attend external training or conference meetings as required by the Trust.

Risk management

The Trustees are constantly reviewing the major risks to which the Charity is exposed with a view to updating the systems already in place to mitigate these risks wherever possible. Regular reviews are placed on each Trustee agenda and undertaken in relation to 'Health & Safety', 'Financial Controls & Management', 'Human Resources', 'Insurance', 'Safeguarding Policy', 'Compliance' and 'Changes in Legislation / External Factors'.

TCF Safeguarding Policy

We adhere strictly to our 'Child Protection Policy', which has been updated to adhere to the changes within legislation. All new childrenand youth- workers will continue to be DBS (Disclosure and Barring Service) checked.

Regular training event takes place, which are both a refresher for existing youth- and children- workers, and an introduction to safeguarding for new workers. The training incorporates safeguarding vulnerable adults, particularly in relation to the work of CAP (Thurrock) and the Thurrock Foodbank, and also provides the opportunity to highlight to all volunteers any amendments or additions to the policy and remind them of best practice.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 297569

Principal address

2-4 Chase Road Corringham Essex SS17 7QH

Trustees

A Acreman Chair R Cranefield G Adomako Ms C Ruff S Chapman (appointed 21.3.22)

Independent Examiner

Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Solicitors

Margaret Reynolds 24 London Road Grays Essex RM17 5XY

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THURROCK CHRISTIAN FELLOWSHIP TRUST

REPORT OF THE TRUSTEES for the Year Ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS Administrative Information

The TCF administrative offices are based at the principal address above.

Telephone 01375 641867 Email tcfadmin@thurrockcf.org.uk Website www.thurrockcf.org.uk

There are a team of administrators serving the work and ministry of TCF. These people are;

Mr John Freeman - Administrative Manager

Mrs Rachel Hicks - Senior Administrative Team Member

Mrs Ceri Norton - Administrative Team Member

Oct 27, 2022

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................................. A Acreman - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THURROCK CHRISTIAN FELLOWSHIP TRUST

Independent examiner's report to the trustees of Thurrock Christian Fellowship Trust

I report to the charity trustees on my examination of the accounts of Thurrock Christian Fellowship Trust (the Trust) for the year ended 31 March 2022.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England & Wales which is one of the listed bodies.

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.

mwbrindley

mwbrindley (Oct 27, 2022 10:14 GMT+1)

Maurice Brindley FCA BSc Institute of Chartered Accountants in England & Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Oct 27, 2022 Date: .............................................

Page 8

THURROCK CHRISTIAN FELLOWSHIP TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Charitable activities
5
Church operations
NET INCOME/(EXPENDITURE)
Transfers between funds
13
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
126,083
339,760
27
18,970
484,840
583,079
(98,239)
37,554
(60,685)
1,233,146
1,172,461		 Restricted
funds
£
292,260
-
-
15
292,275
222,706
69,569
(37,554)
32,015
104,939
136,954		 31.3.22
Total
funds
£
418,343
339,760
27
18,985
777,115
805,785
(28,670)
-
(28,670)
1,338,085
1,309,415		 31.3.21
Total
funds
£
522,850
305,970
26
63,427
892,273
637,895
254,378
-
254,378
1,083,707
1,338,085

The notes form part of these financial statements

Page 9

THURROCK CHRISTIAN FELLOWSHIP TRUST

BALANCE SHEET

31 March 2022

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
875,000
1,915
302,426
304,341
(6,880)
297,461
1,172,461
1,172,461		 Restricted
funds
£
17,646
-
119,308
119,308
-
119,308
136,954
136,954		 31.3.22
Total
funds
£
892,646
1,915
421,734
423,649
(6,880)
416,769
1,309,415
1,309,415
1,172,461
136,954
1,309,415		 31.3.21
Total
funds
£
898,528
2,326
443,039
445,365
(5,808)
439,557
1,338,085
1,338,085
1,233,146
104,939
1,338,085

Oct 27, 2022 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. A Acreman - Trustee

Ricky cranefield

Ricky cranefield (Oct 27, 2022 09:16 GMT+1)

............................................. R Cranefield - Trustee

The notes form part of these financial statements

Page 10

THURROCK CHRISTIAN FELLOWSHIP TRUST

CASH FLOW STATEMENT
for the Year Ended 31 March 2022
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 31.3.22
£
(21,332)
(21,332)
-
-
27
27
(21,305)
443,039
421,734		 31.3.21
£
252,891
252,891
(29,410)
5,760
26
(23,624)
229,267
213,772
443,039

The notes form part of these financial statements

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THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 March 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations		 31.3.22
£
(28,670)
5,882
-
(27)
411
1,072
(21,332)		 31.3.21
£
254,378
5,882
(5,760)
(26)
(1,377)
(206)
252,891

Net cash (used in)/provided by operations

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 443,039 (21,305) 421,734
443,039 (21,305) 421,734
Total 443,039 (21,305) 421,734

The notes form part of these financial statements

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THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

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.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible fixed assets:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost Fixtures and fittings - 20% on cost Motor vehicles - 20% on cost Computer equipment - 33% on cost

No depreciation is charged in respect of freehold land and buildings as the residual value of the property after its estimated useful life is anticipated to be at least the carrying value of the property show in the financial statements.

Taxation

The charity is exempt from tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

continued...

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THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES - continued

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations and offerings
Gift aid
Grants
Donated services and facilities
Sundry income		 31.3.22
£
121,908
9,657
124,862
160,307
1,609
418,343		 31.3.21
£
138,821
9,742
164,388
209,368
531
522,850

During the year the Foodbank received food donations totalling £160,307 (2021: £209,368). This figure was calculated using the Trussell Trust suggested valuation of £1.68p/Kg of donated food (2021: £1.68p/Kg).

Grants received, included in the above, are as follows:

All Churches
Big Local
Essex Community Foundation
Ford Trust
Griffin
Groundwork Uk
Lottery Funding
Protor & Gamble
The Co-operative Group
The Neighbourly Sainsburys Grant
The Veolia Environmental Trust
Thurrock Community and Voluntary Services (CVS)
Thurrock Council
Trussell Trust - Foodbank
Other grants		 31.3.22
£
5,000
-
10,000
3,000
-
1,000
24,308
-
1,224
1,000
15,447
4,000
25,788
34,095
-
124,862		 31.3.21
£
-
3,001
39,358
-
2,000
-
57,370
24,000
5,283
-
-
12,000
6,670
12,857
1,849
164,388

continued...

Page 14

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2022

3. OTHER TRADING ACTIVITIES

31.3.22
£
Income from Pre School
318,543
Hire of hall
21,217
339,760
4.
INVESTMENT INCOME
31.3.22
£
Deposit account interest
27
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.22
£
Independent examiners fee
3,346
6.
SUPPORT COSTS
Governance
Finance
costs
£
£
Church operations
30
6,618		 31.3.21
£
298,605
7,365
305,970
31.3.21
£
26
31.3.21
£
3,348
Totals
£
6,648

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
All staff		 31.3.22
£
323,659
12,013
11,701
347,373
31.3.22
18		 31.3.21
£
308,113
11,067
10,732
329,912
31.3.21
17

No employees received emoluments in excess of £60,000.

Key management remuneration

The trustees consider the Key Management of the Charity to be that of the Core Leadership Team.

During the year gross salary of £24,761 (2021: £27,902) was made to the key management as well as Employer's NI of £2,197 (2021: £2,638) and Employer's Pension Contributions of £556 (2021: £555).

Page 15

continued...

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2022

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
75,410
447,440
Other trading activities
305,970
-
Investment income
24
2
Other income
57,409
6,018
Total
438,813
453,460
EXPENDITURE ON
Charitable activities
Church operations
241,976
395,919
NET INCOME
196,837
57,541
Transfers between funds
5,423
(5,423)
Net movement in funds
202,260
52,118
RECONCILIATION OF FUNDS
Total funds brought forward
1,030,886
52,821
TOTAL FUNDS CARRIED FORWARD
1,233,146
104,939
10.
TANGIBLE FIXED ASSETS
Improvements
Freehold
to
property
property
£
£
COST
At 1 April 2021 and 31 March 2022
875,000
313,155
DEPRECIATION
At 1 April 2021
-
313,155
Charge for year
-
-
At 31 March 2022
-
313,155
NET BOOK VALUE
At 31 March 2022
875,000
-
At 31 March 2021
875,000
-		 Total
funds
£
522,850
305,970
26
63,427
892,273
637,895
254,378
-
254,378
1,083,707
1,338,085
Fixtures
and
fittings
£
67,755
67,755
-
67,755
-
-

Page 16

continued...

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

10.
TANGIBLE FIXED ASSETS - continued
COST
At 1 April 2021 and 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
Freehold Property is shown at fair value.
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Tax recoverable
Other debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors		 Motor
Computer
vehicles
equipment
Totals
£
£
£
29,410
24,095
1,309,415
5,882
24,095
410,887
5,882
-
5,882
11,764
24,095
416,769
17,646
-
892,646
23,528
-
898,528
31.3.22
31.3.21
£
£
1,054
965
861
1,361
1,915
2,326
31.3.22
31.3.21
£
£
3,284
2,212
3,596
3,596
6,880
5,808		 Motor
Computer
vehicles
equipment
Totals
£
£
£
29,410
24,095
1,309,415
5,882
24,095
410,887
5,882
-
5,882
11,764
24,095
416,769
17,646
-
892,646
23,528
-
898,528
31.3.22
31.3.21
£
£
1,054
965
861
1,361
1,915
2,326
31.3.22
31.3.21
£
£
3,284
2,212
3,596
3,596
6,880
5,808
5,808

continued...

Page 17

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

13. MOVEMENT IN FUNDS

At 1.4.21
£
Unrestricted funds
General fund
141,914
Designated Building fund
875,000
Youth
39
Hall Hire
2,853
Poor & Needy
1,693
Business Reserve
47,500
Foodbank - Designated
-
Mission
3,779
Preschool Garden
2,304
Community Space
62,746
Foodbank - Future Development Fund
95,318
1,233,146
Restricted funds
Foodbank
93,473
Albania UCB
2
Albania Sparks
260
CAP
6,756
Poor & Needy
-
Foodbank - Food
4,292
Prechool - New Entrance
-
Other one off restrictions
156
104,939
TOTAL FUNDS
1,338,085
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Hall Hire
Poor & Needy
Mission
Community Space
Foodbank - Future Development Fund
Restricted funds
Foodbank
Albania UCB
Albania Sparks
CAP
Poor & Needy
Foodbank - Food
Prechool - New Entrance
TOTAL FUNDS		 Net
movement
in funds
£
5,297
-
-
30,715
(40)
-
-
(5,140)
-
(12,832)
(116,239)
(98,239)
51,333
(2)
(260)
(4,872)
(2,168)
(250)
25,788
-
69,569
(28,670)
Incoming
resources
£
368,931
42,602
-
-
58,579
14,728
484,840
261,094
-
-
2,150
635
2,608
25,788
292,275
777,115		 Transfers
between
funds
£
(12,739)
-
-
(4,631)
(1,220)
15,100
150
8,256
(2,000)
4,285
30,353
37,554
(42,694)
-
-
2,972
2,168
-
-
-
(37,554)
-
Resources
expended
£
(363,634)
(11,887)
(40)
(5,140)
(71,411)
(130,967)
(583,079)
(209,761)
(2)
(260)
(7,022)
(2,803)
(2,858)
-
(222,706)
(805,785)		 At
31.3.22
£
134,472
875,000
39
28,937
433
62,600
150
6,895
304
54,199
9,432
1,172,461
102,112
-
-
4,856
-
4,042
25,788
156
136,954
1,309,415
Movement
in funds
£
5,297
30,715
(40)
(5,140)
(12,832)
(116,239)
(98,239)
51,333
(2)
(260)
(4,872)
(2,168)
(250)
25,788
69,569
(28,670)

continued...

Page 18

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.20
£
Unrestricted funds
General fund
84,695
Designated Building fund
875,000
Youth
39
Hall Hire
3,185
Poor & Needy
694
Business Reserve
47,500
Mission
2,315
Preschool Garden
7,314
Community Space
10,144
Foodbank - Future Development Fund
-
1,030,886
Restricted funds
Foodbank
44,761
Albania UCB
2
Albania Sparks
260
CAP
2,521
Poor & Needy
-
Preschool Garden
199
Foodbank - Food
4,922
Prechool - New Entrance
156
52,821
TOTAL FUNDS
1,083,707
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Hall Hire
Mission
Community Space
Foodbank - Future Development Fund
Restricted funds
Foodbank
CAP
Poor & Needy
Preschool Garden
Foodbank - Food
TOTAL FUNDS		 Net
movement
in funds
£
57,451
-
-
5,406
-
-
(8,940)
-
47,602
95,318
196,837
59,778
-
-
4,235
(633)
(5,209)
(630)
-
57,541
254,378
Incoming
resources
£
393,302
9,493
1,500
34,518
-
438,813
447,180
4,400
430
1
1,449
453,460
892,273		 Transfers
between
funds
£
(232)
-
-
(5,738)
999
-
10,404
(5,010)
5,000
-
5,423
(11,066)
-
-
-
633
5,010
-
-
(5,423)
-
Resources
expended
£
(335,851)
(4,087)
(10,440)
13,084
95,318
(241,976)
(387,402)
(165)
(1,063)
(5,210)
(2,079)
(395,919)
(637,895)		 At
31.3.21
£
141,914
875,000
39
2,853
1,693
47,500
3,779
2,304
62,746
95,318
1,233,146
93,473
2
260
6,756
-
-
4,292
156
104,939
1,338,085
Movement
in funds
£
57,451
5,406
(8,940)
47,602
95,318
196,837
59,778
4,235
(633)
(5,209)
(630)
57,541
254,378

continued...

Page 19

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated Building fund
Youth
Hall Hire
Poor & Needy
Business Reserve
Foodbank - Designated
Mission
Preschool Garden
Community Space
Foodbank - Future Development Fund
Restricted funds
Foodbank
Albania UCB
Albania Sparks
CAP
Poor & Needy
Preschool Garden
Foodbank - Food
Prechool - New Entrance
TOTAL FUNDS		 At 1.4.20
£
84,695
875,000
39
3,185
694
47,500
-
2,315
7,314
10,144
-
1,030,886
44,761
2
260
2,521
-
199
4,922
156
52,821
1,083,707		 Net
movement
in funds
£
62,748
-
-
36,121
(40)
-
-
(14,080)
-
34,770
(20,921)
98,598
111,111
(2)
(260)
(637)
(2,801)
(5,209)
(880)
25,788
127,110
225,708		 Transfers
between
funds
£
(12,971)
-
-
(10,369)
(221)
15,100
150
18,660
(7,010)
9,285
30,353
42,977
(53,760)
-
-
2,972
2,801
5,010
-
-
(42,977)
-		 At
31.3.22
£
134,472
875,000
39
28,937
433
62,600
150
6,895
304
54,199
9,432
1,172,461
102,112
-
-
4,856
-
-
4,042
25,944
136,954
1,309,415

continued...

Page 20

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 762,233 (699,485) 62,748
Hall Hire 52,095 (15,974) 36,121
Poor & Needy - (40) (40)
Mission 1,500 (15,580) (14,080)
Community Space 93,097 (58,327) 34,770
Foodbank - Future Development Fund 14,728 (35,649) (20,921)
923,653 (825,055) 98,598
Restricted funds
Foodbank 708,274 (597,163) 111,111
Albania UCB - (2) (2)
Albania Sparks - (260) (260)
CAP 6,550 (7,187) (637)
Poor & Needy 1,065 (3,866) (2,801)
Preschool Garden 1 (5,210) (5,209)
Foodbank - Food 4,057 (4,937) (880)
Prechool - New Entrance 25,788 - 25,788
745,735 (618,625) 127,110
TOTAL FUNDS 1,669,388 (1,443,680) 225,708

General fund

The general fund is used for the general running of the fellowship

Business Reserve - Designated

This fund represents money set aside for any unforeseen circumstances.

Building fund - Designated

This is a designated and restricted fund for the building to account for monies that have been given for the purchasing and developing the new building and for monies set aside for that purpose.

Youth - Designated

This fund represents funds raised/donations received - Christian teaching to young people.

Hall Hire - Designated

This fund represents money received for hiring out our hall at Giffords Cross.

Pension Fund - Designated

This is income specifically restricted to be used in the setting up of a Pension scheme.

Community Space - Designated

This fund represents money raised or donated for the development of the Community Space.

Foodbank - Future Development Fund - Designated

This fund represents money raised or donated for Foodbank Future Development space.

Poor & Needy - Restricted/Designated

This represents donations received/funds allocated, to support the poor & needy when needed.

Foodbank - Restricted

This fund represents funds received and specific expenditure related to the operation of the Foodbank.

continued...

Page 21

THURROCK CHRISTIAN FELLOWSHIP TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2022

13. MOVEMENT IN FUNDS - continued

Youth Funding - Restricted

This fund represents grants received to help any youth causes.

Albania UCB - Restricted

This fund represents donations received to support the production of UCB Word for today in Albania.

Kosovo Projects - Restricted

This is a fund which represents donations received to support families in Kosovo.

Albania Sparks Ministry - Restricted

This is a fund which represents funds raised/donations received to help Tomor & Miranda with their work with poor and needy children in Albania.

CAP - Restricted/Designated

This is a fund which represents donations received to help support Christians Against Poverty work.

CAP - D Acreman - Restricted

This is a fund which represents donations received on behalf of D Acreman for the work he does with CAP.

Playschool Garden - Restricted

This fund represent money raised or donated for the development of the garden.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 22