2021-12-31-accounts - Powerhouse Christ Church

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Charity Number

511967

Powerhouse Christ Church

Report and Accounts

for the year ended 31 December 2021

Powerhouse Christ Church

Report and Accounts for the year ended 31 December 2021

	Page
Charity Information	1
Trustees Report	2 - 3
Statement of Trustees Responsibilities	4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8 - 10

Powerhouse Christ Church

Charity Information

for the year ended 31 December 2021

Charity Number	511967
Governing Instrument	Declaration of Trust dated 9 October 1981
Trustees	J Leask
	D Craven
	R.Tucker
Address	Christ Church
	Thorne Road
	DONCASTER
	DN1 2HG
Independent Examiner	S J Sutcliffe F.C.C.A
	Torevell Dent Ltd
	Chartered Certified Accountants
	1 - 3 St Ann's Place
	Pellon Way
	Halifax
	HX1 5RB
Solicitors	Taylor Bracewell
	17-23 Thorne Road
	DONCASTER
	DN1 2RP
Bankers	Yorkshire Bank plc
	19 St Sepulchre Gate
	DONCASTER
	DN1 1SJ

Page 1

Powerhouse Christ Church

Trustees Annual Report

for the year ended 31 December 2021

The trustees submit their Annual Report and Accounts for the period ended 31 December 2021, which have been prepared in accordance with the Statement of Recommended Practice (FRS 102), (effective January 2015), and the Charities Act 2011.

Structure, Governance and Management

Governing document

Powerhouse Christ Church was originally Reachout Christian Fellowship, constituted by a Declaration of Trust dated 9 October 1981 and is Registered Charity number 511967.

The Charity operates from its offices at Christ Church, Thorne Road, Doncaster, DN1 2HG.

Trustees

The Trustees who served during the year were : -

J Leask D Craven R Tucker

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and Activities

Objectives and aims

The objectives of the Charity are : -

a) The advancement of the Christian Faith
b) To produce, purchase, sell, publish and distribute the Scriptures, Christian literature, audio and visual aids, films and any other materials of a religious nature
c) To establish, assist and support Charitable Organisations and activities for the promotion of Christian missionary, educational and evangelical work.

Review of progress and achievements

I am pleased to report and reflect on the achievements of 2021. It's been an amazing year, during which we have seen Powerhouse Church grow and develop at every level. As the covid-19 restrictions were lifted, we were delighted to be able to invite people to return and join us in person at our regular Sunday morning services, but we continued to broadcast our services on the Powerhouse Radio Station for those who were unable to attend in person.

After operating from Christ Church for eight years, the Doncaster Foodbank moved to a new base at St James Church in June. During those years they distributed over 25,000 emergency food parcels and we are exceedingly grateful to everyone who volunteered to serve the Foodbank in any way while it was based in our church.

Page 2

Powerhouse Christ Church

Trustees Annual Report (continued) for the year ended 31 December 2021

Review of progress and achievements (continued)

The Daily Bread Café was launched in July. It's more than a place to grab a coffee, one of the aims is to share our vision and connect the community to the Powerhouse. It's also used for special nights and events to share meals and fellowship together.

We are delighted to see and welcome new people join with us in worship each week. One of the highlights of this year was the baptism service for twenty-two people in December. We celebrate and are thankful for both individuals and families taking their next step to go deeper with God and grow in their faith journey.

In these uncertain and challenging time, we are thankful for the faithful giving and generosity of our members, visitors and others involved in supporting this important work for God. Our finances remain healthy and this has enabled the Powerhouse Trust to thrive and continue to support and make donations to various projects locally and nationally, as well as missions in Africa, India and Serbia. None of which would have been possible without their support.

Our sincere thanks go to all of them.

Financial Review

Full details of the financial transactions are contained in the attached accounts. The total incoming resources for the year were £82,016 (2020: £77,442) and after deducting resources expended of £89,197 (2020: £87,158), the net outgoing resources were £7,181 (2020 : £9,716).

The net assets of the charity at 31 December 2021 were £803,676 (2020: £810,857).

The Trustees Report was approved on …........................... and signed on their behalf by:

……………………………………………..

J. Leask Chair of Trustees

Page 3

Powerhouse Christ Church

Statement of Trustees Responsibilities for the year ended 31 December 2021

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

The law applicable to charities in England and Wales, the Charity Act 2011 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

Select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the trust deed. 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.

Page 4

Powerhouse Christ Church

Independent Examiner’s Report to the Trustees of Powerhouse Christ Church

I report on the accounts of the Trust for the year ended 31 December 2021, which are set out on pages 6 to 10.

Respective Responsibilities of Trustees and Examiner

As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of Section 145 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commission under Section 145(5)(b) of the Act, whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

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

1) Which gives me reasonable cause to be believe that, in any material respects, the requirements
(a) To keep accounting records in accordance with S130 of the 2011 Act; and
(b) To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act

have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

…………………………………… S J Sutcliffe F.C.C.A Torevell Dent Ltd Chartered Certified Accountants 1 - 3 St Ann's Place Pellon Lane Halifax HX1 5RB

Date ….........................

Page 5

Powerhouse Christ Church

Statement of Financial Activities for the year ended 31 December 2021

Note Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities 2 Other 2 Total Net Income/(expenditure) Total funds brought forward Total funds carried forward	Unrestricted Funds £ 81,331 81,331 67,247 900 68,147 13,184 158,105 171,289	Restricted Funds £ 685 685 21,050 - 21,050 (20,365) 652,752 632,387	Total Funds 2021 £ 82,016 82,016 88,297 900 89,197 (7,181) 810,857 803,676	Total Funds 2020 £ 77,442
				77,442
				86,258 900
				87,158
				(9,716) 820,573
				810,857

The notes on pages 8-10 form part of these accounts

Page 6

Powerhouse Christ Church

Balance Sheet

for the year ended 31 December 2021

Unrestricted Funds Note £ Fixed Assets Tangible Assets 3 83,884 Current Assets Debtors 4 26,217 Cash at Bank 63,530 Total Current Assets 89,747 Liabilities Creditors: Amounts falling due within one year 5 (2,342) Net Current Assets 87,405 Total Assets Less Current Liabilities 171,289 Total Net Assets 171,289 The Funds of the Charity Restricted funds Unrestricted funds Total Charity Funds	Restricted Funds £ 628,480 - 3,907 3,907 - 3,907 632,387 632,387	Total Funds 2021 £ 712,364 26,217 67,437 93,654 (2,342) 91,312 803,676 803,676 632,387 171,289 803,676	Total Funds 2020 £ 735,949
			15,144 62,106
			77,250 (2,342)
			74,908
			810,857

			810,857
			652,752 158,105
			810,857

The Financial Statements were approved by the Trustees on ….........................

……………………………………..

J Leask - trustee

……………………………………..

D. Craven - trustee

……………………………………..

R. Tucker - trustee

Page 7

Powerhouse Christ Church

Notes to the Accounts for the year ended 31 December 2021

1 Accounting Policies

a) Accounting Convention

The Financial Statements have been prepared under the historic cost basis of accounting, and are in accordance with applicable accounting standards, the Charities SORP (FRS 102) "Accounting and Reporting by Charities' and the Charities Act 2006.

b) Income and Endowments

All income and endowments are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

c) Expenditure

All expenditure is accounted for on an accruals basis as a liability is incurred and includes VAT which cannot be fully recovered.

Costs of generating funds

Voluntary income comprises tithes and freewill offerings from church members and others attending church services. The Trustees consider it impracticable to attribute costs to this income deeming all costs to be charitable activities.

d) Fixed Assets

Depreciation is provided to write off the cost or valuation, less estimated residual values of all fixed assets, except freehold land, over their expected useful lives.

Freehold Property	2% on cost
Equipment	25% on written down value
Motor Vehicle	33% on written down value
Computer Equipment	25% on written down value

e) Taxation

The charity is exempt from tax on its charitable activities.

f) 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.

Page 8

Powerhouse Christ Church

Notes to the Accounts for the year ended 31 December 2021

2 Expenditure on:

Unrestricted Funds £ Charitable Activities Teaching and ministry support 24,943 Gifts and donations 2,807 Premises expenses 29,515 Administration costs 4,892 Depreciation 5,090 67,247 Other Costs Independent examiner's fee 3 Tangible Fixed Assets Net Book Value 01.01.21 Additions £ £ Freehold Property 718,334 - Equipment 16,470 2,154 Computer equipment 1,145 401 735,949 2,555 Unrestricted Funds £ 4 Debtors Income tax recoverable 26,217 26,217	Restricted Total Funds Funds 2021 £ £ - 24,943 - 2,807 - 29,515 - 4,892 21,050 26,140 21,050 88,297 2021 £ 900 Sales Depreciation £ £ - (21,050) - (4,703) - (387) - (26,140) Restricted Total Funds Funds 2021 £ £ - 26,217 - 26,217	Total Funds 2020 £ 27,752 3,377 22,578 5,591 26,960
		86,258
		2020 £ 900
		Net Book Value 31.12.21 £ 697,284 13,921 1,159
		712,364
		Total Funds 2020 £ 15,144
		15,144

Page 9

Powerhouse Christ Church

Notes to the Accounts

for the year ended 31 December 2021

Unrestricted Funds £ 5 Creditors: Amounts falling due within one year Accrued expenses 900 Other creditors 1,442 2,342	Restricted Funds £ - - -	Total Total Funds Funds 2021 2020 £ £ 900 900 1,442 1,442 2,342 2,342

6 Trustee's Remuneration and Benefits

None of the Trustees received fees or expenses in 2020 or 2021.

Page 10