Registered Charity Number: 514852 Registered Company Number: 01786058
FAMILY CHURCH REPORT AND ACCOUNTS FOR THE YEAR ENDED
31 MARCH 2022
Family Church Reports and accounts
Contents
| Page | |
|---|---|
| Trustees’ Report | 3 |
| Statement of Directors’/Trustees’ Responsibilities | 6 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 12 |
| Statement of cash flows | 13 |
| Notes to the accounts | 14 |
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Family Church
The report of the Trustees for the year ended 31 March 2022
Introduction
The trustees present their annual director’s report and financial statements for the year ended 31 March 2022, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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 2015).
Purpose and Activities of the Charity
The purpose for the charitable company is established are:
-
The advancement of the Christian religion through the worship of God
-
The advancement of the education of children generally by the provision, maintenance and conducting of a school
Achievements and performances
The year ended 31st March 2022 has continued to be a time of strong development for Family Church, in spite of the impact of the covid pandemic.
We kicked off the period by advertising to fill our Congregational Pastor’s position at our Westhoughton church. Many people expressed an initial interest in the post, including two mature pastors who had been bible college lecturers historically. However, none of these applicants were appointed, after an initial journey of conversation with each of them. Our appointment of Jonathan Kent, as the new pastor in Westhoughton, was only realized in October, later in the year.
Our online content continued to sustain high standards, using the equipment we purchased last financial year. We used livestream and Zoom capability to cope with the restrictions imposed by our national government, on the covid landscape. April 2021 saw the beginning of a journey in launching DC Groups, which we hope will now provide a comprehensive system for church care and discipleship.
In May 2021, an effective roll out strategy for these DC Groups was created and delivered with timely communication and associated teaching.
Whilst many online groups continued in May 2021, including prayer groups, communion services, Sunday livestreams and our Arrow School, we also announced our return to gathered services with a five-week countdown, building anticipation and engagement. Along with a posturing towards a return to gathered services in May and June of 2021, there was a concomitant and ongoing promotional campaign for DC Groups. This involved the selling of products with DC Groups branding (not for profit) and ongoing Bible teaching to consolidate the biblical roots of the vision in people’s minds.
In July 2021, we launched our church app. This has proved very useful for leaders and lay leaders.
We also ran special services in July and August, which enabled people to manage their own risk with enjoyable gatherings such as whole church picnics and outdoor events. particularly.
In September 2021, our churches began to flow again, albeit with reduced numbers, following the impact of covid and the conditioning of online church. Church was now hybrid, with a mixture of online and gathered services, using the new skills learnt in the crucible of covid restrictions. We inducted two new elders; baptized new converts; ran an online ministry school; and ran street missions with other local churches.
In October 2021, we formally inducted Jonathan and Kath Kent as our Congregational Pastors at our Westhoughton church. It was a wonderful service and Jonathan and Kath
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Family Church
The report of the Trustees for the year ended 31 March 2022
have proved to be excellent team members from that day until this. We have a great team of local pastors now and Family Church has a stronger team, in spite of the many challenges associated with the covid season.
In November and December of 2021, our Westhoughton pastors’ ministries had immediate impact, with new members being formally added; special service created; and a solid Christmas program rolled out. This really added another level to our collective church network output.
Our Christmas program was, again, a mixture of online and gathered services, following the easing of covid restrictions earlier in the year. Outreach events were also established at all three sites
In the New Year of January 2022, we kicked of the year with a flurry off evangelism (including an online alpha course), street mission and the general encouragement towards gathered services, temporarily pausing all online services, apart from those meetings conducted through our Arrow School.
In February 2022, the pastors rolled forward with the gathered services program, our online Arrow School and continued to develop our DC Groups culture. New groups were created (such as a Westhoughton ladies’ group). Plus, we baptized some more new adherents to the faith.
Finally, March 2022 provided a pastors’ retreat for our six Family Church pastors. This enabled some much-needed encouragement for our team of senior leaders, as it has been a challenging season to navigate as we emerge from the covid landscape. We also developed relationship with new missional partners and increased our missional giving to various groups, including One by One (onebyone.net).
As we finished the financial year of 2022, it was as if we had finished marathon, but someone had fired the starting pistol for another race. As a network of churches and ‘one church family in many locations’, we are mindful of the many changes wrought by covid and the negative impact this season has had on our members, in both body and soul.
Financial Review
Policies on reserves
Adequate reserves are maintained to fund the charity’s activities for at least six months forward.
Availability and adequacy of assets of the funds.
The board of Trustee is satisfied that the charity assets in each fund are available and adequate to fulfil its obligations I respect of reach fund.
Transactions and Financial position
The Statement of Financial Activities show outgoing (2021: incoming) resources for the year of a revenue nature of £8,615 (2021: £3,736).
The total reserve at the year-end stand at £1,152,266 (2021: £1,160,881).
Free unrestricted liquid reserves amounted to £87,886 (2021: £75,803).
Share Capital
The Company is limited by guarantee and therefore has no share capital.
Plans for future periods
We are moving forward with great excitement for the future but are sensitive to the ongoing needs of a people who are still finding their place in a brave new world, in their local
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Family Church
The report of the Trustees for the year ended 31 March 2022
churches, which contain both ‘trophies’ and ‘scars’ from a once in a hundred-year pandemic. The following financial year should see us further cast off our shackles and we expect greater achievements in 2022-2023, as our leadership team has strengthened during the process of adversity; and our churches are emerging from the shadows of covid.
Reference and administrative details
Date of incorporation: 25 January 1984 Company Registration Number: 01786058 The Registered Office is: Koinonia, 31 Crank Road, Billinge, Wigan. WN5 7DT Charity Registration Number: 514852 Telephone: 01744 894374 Email: info@familychurch.org.uk
Directors and trustees
The trustees, who are also directors, through the year were: Stephen Kerry Jonathan Dickson Tanel Lokuta Gaynor Mobey (Secretary) Bethan Boardman Emma Davies Olufunso Aribisala Charlotte Hill Daniel Buck (Chair) (Appointed 28 June 2021) Glen Rickard (Resigned 15 November 2021)
All the directors of the company are also the Trustees of the charity, and their responsibilities include all the responsibilities of the directors under the Companies Acts and of Trustees under the Charities Act.
The Board of trustees held regular meetings across the year, with 85%+ attendance for each meeting.
Nature of the Governing Documents and Constitution of the Charity
The Organisation is a charitable company limited by guarantee, incorporated on 25 January 1984 and registered as a charity on 26 March 1984. The Company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Article of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £100.
The methods adopted for the recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law and under the Company’s Articles the directors are known as members of the charity.
The directors are chosen to bring a wide variety of skills to the charity management.
Independent Examiner
Malcolm Wright, Elpizo Limited, Chartered Accountants, 13 Village Road, Higher Bebington Wirral, CH63 8PP.
Statement of Director’s and Trustees’ Responsibilities
The charity trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Family Church
The report of the Trustees for the year ended 31 March 2022
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently
observe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and prudent
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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 that 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statements as to disclosure to our independent examiner
In so far as the trustees are aware at the time of approving our trustees’ annual report: There is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the group’s auditor is unaware, and the trustees, having made enough enquiries of fellow directors that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant independent examination information and to establish that the independent examiner is aware of that information.
By order of the board of trustees
This report was approved by the board of Trustees on 23 December 2022
Signed:
Daniel Buck Chair
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Family Church Independent Examiner’s Report to the Trustees of the CharityReport of the Independent Examiner to the Trustees on the accounts of the Charity for the year ended 31 March 2022
I report on the financial statement of the charitable company on page 8 to 18 for the year ended 31 March 2022.
This report is made solely to the charity’s trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.
Respective responsibilities of the Trustees and Examiner
As the charity trustees, who are also directors of the company for the purpose of the company law, you are responsible for preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and under section 144(2) of the Charities Act 2011 (“the Charities Act”) and is eligible for independent examination. It is my responsibility to:
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Examine accounts under the section145 of the Charities Act;
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Follow the procedure laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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To state whether particular matters have come to my attention
Basis of opinion and scope of work undertaken
My examination was carried out in accordance to general directions given by the charity commission. An examination includes a review of accounting records, kept by the charity and a comparison of accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeks explanations from the Trustees concerning any such matters. The procedure undertaken does not provide all the evidence that would be required in an audit. Consequently, no opinion is given to whether the accounts present a true and fair view and report is limited to the matters set out in the statement below.
Independent Examiner’s Statement
In connection with examination, no matters have come to my attention;
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Which gives me reasonable cause to believe that in any material respect the requirements;
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To keep accounting records in accordance with section 386 of the Companies Act 2006; and
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To prepare accounts which accord with the accounting records and comply with accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statements of Recommended Practice: Accounting and reporting by Charities have not been met; or,
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Malcolm Wright, Chartered Accountant Elpizo Limited, 13 Village Road, Higher Bebington, Wirral CH63 8PP
The date upon which my opinion is expressed is: 23 December 2022
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Family Church Statement of Financial Activities For the year ended March 2022
| Unrestricted | Unrestricted | Restricted | Total | Last Year | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies |
3 |
183,929 | - |
183,929 | 193,806 |
| Other income | 1,698 | - | 1,698 | 1,883 | |
| Investment Income |
484 | - | 484 | 488 |
|
| Total Income | 186,111 | - | 186,111 | 196,177 |
|
| Expenditure | |||||
| Expenditure on charitable | |||||
| activities |
5 |
194,726 | - | 194,726 | 192,441 |
| Total expenditure | 194,726 | - | 194,726 | 192,441 | |
| Net income/(expenditure) for the year | |||||
| (8,615) | - | (8,615) | 3,736 | ||
| Gross transfer between funds | - | - | - | -___ | |
| Net movement in funds | (8,615) | - | (8,615) | 3,736 | |
| Net assets transferred from | |||||
| merged charitable company | 18 | - | - |
- | 538,636 |
| Reconciliation of funds: | |||||
| Total funds brought forward | 1,160,881 | - |
1,160,881 | 618,509 |
|
| Total funds carried forward | 1,152,266 | - | 1,152,266 | 1,160,881 |
The net movement in funds to above in the net incoming resources as defined in the statement of Recommendation Practice for Accounting and reporting issued by the Charity Commission for England and Wales and is reconciled to the total funds as shown in the Balance Sheet on page 11 as required by the said statement.
All activities derive from continuing operation
The notes on page 13 to 18 form an integral part of these accounts
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Family Church Statement of Financial Activities for the year ended March 2022 Analysis of prior year total funds as required by paragraph 4.2 of Statement of Recommended Practice (SORP)
| Unrestricted | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| 2021 | 2021 | 2021 | ||
| Notes | £ | £ | £ | |
| Income | ||||
| Donations and legacies |
3 |
193,806 | - |
193,806 |
| Other income | 1,883 | - | 1,883 | |
| Investment Income |
488 | - | 488 | |
| Total Income | 196,177 | - | 196,177 | |
| Expenditure | ||||
| Expenditure on charitable | ||||
| activities |
5 |
192,441 | - | 192,441 |
| Total expenditure | 192,441 | - | 192,441 | |
| Net income/(expenditure) for | the year | |||
| 3,736 | - | 3,736 | ||
| Net assets transferred from | ||||
| merged charitable company | 18 | 538,636 | - | 538,636 |
| Net movement in funds | 542,372 | - | 542,372 | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 618,509 | - |
618,509 | |
| Total funds carried forward | 1,160,881 | - 1,160,881 |
All activities derive from continuing operation
The notes on page 13 to 18 form an integral part of these account
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Family Church Statement of Financial Activities For the year ended 31 March 2022 Income and Expenditure Account as required by the Companies Act
| Turnover Direct costs of turnover Gross surplus Governance costs Operating (deficit) surplus Interest receivable (Deficit) Surplus on ordinary activities before tax Retained (deficit) surplus for the financial year |
2022 2021 £ £ 185,627 195,689 193,746 191,461 |
|
|---|---|---|
| (8,119) 4,228 980 980 (9,099) 3,248 484 488 (8,615) 3,736 (8,615) 3,736 |
All activities derive from continuing operations
The notes on pages 13 to 18 form integral part of these accounts.
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01786058
Family Church Company Number Balance Sheet As at 31 March 2022
| Balance Sheet As at 31 March 2022 |
|||
|---|---|---|---|
| Notes Fixed Assets Tangible assets 10 Total fixed assets Current Assets Debtors 11 Investment 12 Cash at the bank and in hand Total current assets Creditors: - Amount due within one year 13 Net current assets Net Assets The funds of the charity Unrestricted income funds Unrestricted revenue accumulated funds 15 Total charity funds |
2022 2021 £ £ £ £ 1,049,612 1,065,861 1,049,612 1,065,861 14,768 7,217 - 12,000 94,414 87,783 109,182 107,000 (6,528) (11,980) 102,654 95,020 1,152,266 1,160,881 1,152,266 1,160,881 1,152,266 1,160,881 |
||
| 109,182 (6,528) |
|||
| 1,152,266 |
The directors are satisfied that the year ended on 31 March 2022 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 7.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the board of Trustees on 23 December 2022 Signed:
Bethan Boardman Director/Trustee
The notes on page 13 to 18 form an integral part of these accounts
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Family Church Statement of Cash Flows For the year ended 31 March 2022
| Notes Cash generated in operating activities 17 Cash flows from investing activities Cash from merged charitable company On maturity of investment Investment return Interest Income Cash provided by investing activities Increase (decrease) in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Total cash and cash equivalents at the end of the year |
2022 2021 £ £ (5,094) 28,129 - 16,748 - 14,888 12,000 - 484 488 6,631 60,253 6,631 60,253 87,783 27,530 94,414 87,783 |
|---|---|
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Family Church
Notes to the Accounts for the year ended 31 March 2022
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP(FRS 102) the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 102. Assets & liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).
b) Preparation of the accounts on a going concern basis
The financial statements are prepared on a going concern. The Charity is entirely dependent on continuing grant and donation support and as a consequence the going concern basis is also dependent on that continuing financial support.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.
d) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
f) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds f the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
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Family Church Notes to the Accounts for the year ended 31 March 2022
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs
-
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charitable activities. These costs have been allocated between costs of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note1.
i) Tangible fixed assets
Individual fixed assets costing £100 or more are capitalised as cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:
| Asset Category | Annual rate |
|---|---|
| Freehold building | 2½% |
| Plant and equipment | 10-33% |
j) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
k) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
l) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimating reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Legal status of the Trust
The charity is a company limited by guarantee and has no share capital. In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity.
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Family Church
Notes to the Accounts for the year ended 31 March 2022
| 3 Income from donations and legacies Donations Gifts and donations Taxation recoverable (Gift Aid) Group activities |
2022 2021 £ £ 160,260 165,584 20,420 27,365 3,240 857 183,929 193,806 |
|---|---|
The Trust benefits from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
4
Investment income
All of the charity’s investment income in 2022 of £484 arises from money held in interest bearing deposit accounts.
5 Analysis of expenditure on charitable activities
Mission and outreach Premises running and development costs Grants and donations Administration Depreciation Governance costs (see note 6) Support costs (see note 6) Total |
2022 2021 £ £ 13,238 3,072 9,992 10,659 28,521 39,673 23,618 41,627 17,008 16,856 980 980 101,369 79,574 194,726 192,441 |
|---|---|
Expenditure on charitable activities was £194,726 (2021: £192,441) all of which was unrestricted.
6 Analysis of governance and support costs
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance cost, the remaining support costs together with the governance costs are allocated to the charitable activities undertaken in the year. Refer to the table below for the basis for apportionment and the analysis of support and governance costs.
Analysis of support and governance costs
| General support | General support | Governance | Total | Basis of |
|---|---|---|---|---|
| Function | apportionment | |||
| £ | £ | £ | ||
| Salaries, wages and | ||||
| related costs | 101,369 | - |
101,369 | Allocated on time |
| Independent Examiner | - | 980 | 980 | Governance |
| Total |
101,369 | 980 |
102,349 |
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Family Church
Notes to the Accounts for the year ended 31 March 2022
7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel.
| management personnel. | ||
|---|---|---|
Salaries and wages Social security costs |
2022 2021 £ £ 96,938 75,829 4,431 3,745 |
|
| 101,369 79,574 |
No employees had employee benefits in excess of £60,000 (2021: nil). Stephen Kerry received a salary of £42,085 as Senior Pastor to Family Church, he is also a trustee for which he receives no remuneration.
Apart for the above the charity trustees were not paid or received any other benefits from employment with charity in the year nor in their role as trustees (2021: £nil) neither were they reimbursed expenses during the year (2021: £nil).
The key management personnel of the charity comprise the trustees and the leadership team including the church elders.
The total employee benefits of the key management personnel of the charity were £101,369.
There were no transactions with connected parties that fall be declared for either year covered by these financial statements and reports.
8 Staff Numbers
The average monthly head count was 2 full time staff and 4 part time staff and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows:
| Charitable activities | 2022 2021 Number Number 4 3 |
|---|---|
9 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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Family Church
Notes to the Accounts for the year ended 31 March 2022
10 Tangible fixed assets
| Freehold | Plant and |
Total | ||
|---|---|---|---|---|
| Land and | Equipment | |||
| Buildings | ||||
| £ | £ |
£ | ||
| Cost: | ||||
| As of 1 April 2021, |
1,166,188 | 98,105 | 1,264,293 | |
| Additions: | - | 759 |
759 | |
| ______ | ||||
| As of 31 March 2022 | 1,166,188 | 98,864 |
1,265,052 | |
| Depreciation: | ||||
| As of 1 April 2021, | 100,680 | 97,752 |
198,432 | |
| Charge for the year |
16,780 | 228 |
17,008 | |
| __________ | ||||
| As of 31 March 2022 | 117,460 | 97,980 |
215,440 | |
| Net book value | ||||
| As of 1 April 2021, |
1,065,508 | 353 | 1,065,861 | |
| As of 31 March 2022 |
1, 048,728 | 884 |
1,049,612 | |
| 11 Debtors |
||||
| 2022 | 2021 | |||
| £ | £ | |||
| Other debtors- recoverable taxation | 14,768 | 7,217 | ||
| 12 Investments |
||||
| 2022 | 2021 | |||
| £ | £ | |||
| Investments comprise loan stock in | - | |||
| Green Pastures (Green Pastures | ||||
| Community Benefit Society Limited) | - |
12,000 | ||
| 13 Creditors: amounts falling due within one year |
||||
| 2022 | 2021 | |||
| £ | £ | |||
| Accrued costs | 3,164 | 6,574 | ||
| Payroll related creditors | 3,364 | 5,406 | ||
| 6,528 | 11,980 |
14 Contingent assets – legacy income
The charity received legacy income in the year of £4,706. As at 31 March the charity had not been notified of any further legacy income.
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Family Church
Notes to the Accounts for the year ended 31 March 2022
15 Analysis of charitable funds Analysis of movements in unrestricted funds
General fund |
Balance Funds 1 April 2021 Income Expenditure Transfers 31 March 2022 £ £ £ £ £ 1,160,881 186,111 (194,726)- 1,152,266 |
|---|---|
General fund The ‘free reserves’ after allowing for all designated funds.
16 Analysis of net assets between funds
All of the net assets of the charity are for the general unrestricted fund
17 Reconciliation of net movement in funds to net cash flow from operating activities
| 2022 | 2021 | ||
|---|---|---|---|
| £ |
£ | ||
| Net movement in funds |
(8,615) | 3,736 | |
| Add back depreciation charge |
17,008 | 16,856 | |
| Deduct interest income shown | |||
| in investing activities | (484) | (488) | |
| Decrease (increase) in debtors |
(7,551) | (2,111) | |
| Adjustment for gift aid accrued | - | 3,737 | |
| Increase (decrease) in creditors |
(5,452) | 10,135 | |
| Net cash generated in operating activities |
(5,094) | 28,129 | |
| 18 | Net assets absorbed on merger of Westhoughton | Pentecostal | Church |
| £ | £ | ||
| 2022 | 2021 | ||
| Building | - | 495,000 | |
| Investments | - | 26,888 | |
| Cash at bank | - | 16,748 | |
| - | 538,636 |
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