Charity registration number: 518866
## Leicester Glenhills Christadelphians
Annual Report and Financial Statements for the Year Ended 30 September 2020
## **Leicester Glenhills Christadelphians**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2|
|Statement of Trustees' Responsibilities|3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 12|
## **Leicester Glenhills Christadelphians**
## **Reference and Administrative Details**
**Trustees** Mr M Briggs Mr J C Fidler Mr B D Carter Mr R Kirton Mr J R Wilson Mr P J Mallinder **Principal Office** 3 Glenhills Boulevard Leicester Leicestershire LE2 8UF **Charity Registration Number** 518866 **Independent Examiner** Buckler Spencer Ltd Old Police Station Church Street Swadlincote Derbyshire DE11 8LN
Page 1
## **Leicester Glenhills Christadelphians**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 30 September 2020.
## **Objectives and activities**
## _**Public benefit**_
The Leicester Christadelphian Ecclesia meet to study and proclaim the Gospel message and provide support to their members and the wider Christadelphian community throughout the world.
The chairty makes grants to organisations, provides buildings/facilities/open space other services.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Structure, governance and management**
## _**Organisational structure**_
The charity contains a group of volunteers who are also trustees. This contains a treasurer and a chief operating officer. The group are responsible for the day to day running of the charity and for planning the future of the charity. The decisions of the group are then subject to the majority vote of the other volunteers. The Ecclesia is run and governed by its constitution.
## **Financial instruments**
## _**Objectives and policies**_
The charity’s activities expose it to a number of financial risks including credit risk. The charity does not use derivative financial instruments for speculative purposes.
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash. There are no outstanding obligations or credit facilities in place.
The charity has no significant concentration of credit risk.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr M Briggs Trustee
......................................... Mr J C Fidler Trustee
Page 2
## **Leicester Glenhills Christadelphians**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 of the charity for that period. In preparing these 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 accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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 enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr M Briggs Trustee
......................................... Mr J C Fidler Trustee
Page 3
## **Leicester Glenhills Christadelphians**
## **Independent Examiner's Report to the trustees of Leicester Glenhills Christadelphians**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2020 which are set out on pages 5 to 12.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Leicester Glenhills Christadelphians 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 Leicester Glenhills Christadelphians's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
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 Leicester Glenhills Christadelphians 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 accounting 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.
...................................... David Bezant FCCA
Old Police Station Church Street Swadlincote Derbyshire DE11 8LN
Date:.............................
Page 4
## **Leicester Glenhills Christadelphians**
## **Statement of Financial Activities for the Year Ended 30 September 2020**
|**Note**
**Income and Endowments from:**
Donations and legacies
Investment income
3
Total income
**Expenditure on:**
Charitable activities
Other expenditure
5
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10
**Note**
**Income and Endowments from:**
Donations and legacies
Investment income
3
Total income
**Expenditure on:**
Charitable activities
Other expenditure
5
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10|**Unrestricted**
**funds**
**£**
5,643
-
5,643
-
(4,832)
(4,832)
811
811
3,047
3,858
**Unrestricted**
**funds**
**£**
5,339
-
5,339
-
(5,575)
(5,575)
(236)
(236)
3,283
3,047|**Unrestricted**
**funds**
**£**
5,643
-||**Restricted**
**funds**
**£**
208,777
3,649||**Total**
**2020**
**£**
214,420
3,649|
|---|---|---|---|---|---|---|
|||5,643||212,426||218,069|
|||-
(4,832)||(10,125)
(8,023)||(10,125)
(12,855)|
|||(4,832)||(18,148)||(22,980)|
|||811||194,278||195,089|
|||811
3,047||194,278
89,914||195,089
92,961|
|||3,858||284,192||288,050|
|||||**Restricted**
**funds**
**£**
7,687
1,902
9,589
(15,152)
(2,407)
(17,559)
(7,970)
(7,970)
97,884
89,914||**Total**
**2019**
**£**
13,026
1,902|
|||||||14,928|
|||||||(15,152)
(7,982)|
|||||||(23,134)|
|||||||(8,206)|
|||||||(8,206)
101,167|
|||||||92,961|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 10.
The notes on pages 7 to 12 form an integral part of these financial statements. Page 5
## **Leicester Glenhills Christadelphians**
## **(Registration number: 518866) Balance Sheet as at 30 September 2020**
|**Note**
**Current assets**
Cash at bank and in hand
8
**Creditors: Amounts falling due within one year**
9
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
10|**2020**
**£**
288,050
-
288,050
284,192
3,858
288,050|**2019**
**£**
94,068
(1,107)|
|---|---|---|
|||92,961|
|||89,914
3,047|
|||92,961|
The financial statements on pages 5 to 12 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr M Briggs Trustee
......................................... Mr J C Fidler Trustee
The notes on pages 7 to 12 form an integral part of these financial statements. Page 6
## **Leicester Glenhills Christadelphians**
## **Notes to the Financial Statements for the Year Ended 30 September 2020**
## **1 Accounting policies**
## **Statement of compliance**
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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Leicester Glenhills Christadelphians meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 7
## **Leicester Glenhills Christadelphians**
## **Notes to the Financial Statements for the Year Ended 30 September 2020**
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 8
## **Leicester Glenhills Christadelphians**
## **Notes to the Financial Statements for the Year Ended 30 September 2020**
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Legacies
Gift aid reclaimed
**Total for 2020**
**Total for 2019**
**3**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2020**
**Total for 2019**|**Unrestricted**
**funds**
**General**
**£**
5,643
-
-
5,643
5,339|**Restricted**
**funds**
**£**
6,066
200,623
2,088
208,777
7,687
**Restricted**
**funds**
**£**
3,649
3,649
1,902|**Total**
**funds**
**£**
11,709
200,623
2,088|
|---|---|---|---|
||||214,420|
||||13,026|
||||**Total**
**funds**
**£**
3,649|
||||3,649|
||||1,902|
Page 9
## **Leicester Glenhills Christadelphians**
## **Notes to the Financial Statements for the Year Ended 30 September 2020**
## **4 Expenditure on charitable activities**
|**4**
**Expenditure on charitable activities**|||
|---|---|---|
|**Note**
**Total for 2019**|**Restricted**
**funds**
**£**
10,125
15,152|**Total**
**funds**
**£**
10,125|
|||15,152|
**Total expenditure £**
## **5 Other expenditure**
|**Note**
Marketing and publicity
Allocated support costs
**Total for 2020**
**Total for 2019**|**Unrestricted**
**funds**
**General**
**£**
-
4,832
4,832
5,575|**Restricted**
**funds**
**£**
456
7,567
8,023
2,407|**Total**
**funds**
**£**
456
12,399|
|---|---|---|---|
||||12,855|
||||7,982|
## **6 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 10
## **Leicester Glenhills Christadelphians**
## **Notes to the Financial Statements for the Year Ended 30 September 2020**
## **7 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **8 Cash and cash equivalents**
|**8**
**Cash and cash equivalents**||||
|---|---|---|---|
|Cash at bank
Bank overdrafts
Cash and cash equivalents in statement of cash flows
**9**
**Creditors: amounts falling due within one year**
Bank overdrafts
**10 Funds**
**Balance at 1**
**October 2019**
**£**
**Unrestricted funds**
General
3,047
**Restricted funds**
89,914
**Total funds**
92,961
**Balance at 1**
**October 2018**
**£**
**Unrestricted funds**
General
3,283
**Restricted funds**
97,884
**Total funds**
101,167|**Incoming**
**resources**
**£**
5,643
212,426
218,069
**Incoming**
**resources**
**£**
5,339
9,589
14,928|**2020**
**£**
288,050
-
288,050
**2020**
**£**
-
**Resources**
**expended**
**£**
(4,832)
(18,148)
(22,980)
**Resources**
**expended**
**£**
(5,575)
(17,559)
(23,134)|**2019**
**£**
94,068
(1,107)|
||||92,961|
||||**2019**
**£**
1,107|
||||**Balance at 30**
**September**
**2020**
**£**
3,858
284,192|
||||288,050|
||||**Balance at 30**
**September**
**2019**
**£**
3,047
89,914|
||||92,961|
Page 11
## **Leicester Glenhills Christadelphians**
## **Notes to the Financial Statements for the Year Ended 30 September 2020**
## **11 Analysis of net assets between funds**
|Current assets
Current assets
Current liabilities
Total net assets
**12 Analysis of net funds**
Cash at bank and in hand
Bank overdraft
Net debt
Cash at bank and in hand
Bank overdraft
Net debt||**Unrestricted**
**funds**
**General**
**£**
3,858
**Unrestricted**
**funds**
**General**
**£**
3,047
-
3,047
**At 1 October**
**2019**
**£**
94,068
(1,107)
92,961
92,961
**At 1 October**
**2018**
**£**
94,068
(1,107)
92,961
92,961|**Restricted**
**funds**
**£**
284,192
**Restricted**
**funds**
**£**
91,021
(1,107)
89,914
**Financing cash**
**flows**
**£**
-
1,107
1,107
1,107
**Financing cash**
**flows**
**£**
(94,068)
1,107
(92,961)
(92,961)|**Total funds at**
**30 September**
**2020**
**£**
288,050|
|---|---|---|---|---|
|||||**Total funds at**
**30 September**
**2019**
**£**
94,068
(1,107)|
|||||92,961|
|||||**At 30**
**September**
**2020**
**£**
94,068
-
94,068
94,068
**At 30**
**September**
**2019**
**£**
-
-
-
-|
Page 12
## **Leicester Glenhills Christadelphians**
## **Statement of Financial Activities by fund for the Year Ended 30 September 2020**
|**Income and Endowments from:**
Donations and legacies
Total income
**Expenditure on:**
Other expenditure
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**Funds**
**2020**
**£**
5,643
5,643
(4,832)
(4,832)
811
811
3,047
3,858|**Total**
**Unrestricted**
**Funds**
**2019**
**£**
5,339|
|---|---|---|
|||5,339|
|||(5,575)|
|||(5,575)|
|||(236)|
|||(236)
3,283|
|||3,047|
This page does not form part of the statutory financial statements. Page 13
## **Leicester Glenhills Christadelphians**
## **Statement of Financial Activities by fund for the Year Ended 30 September 2020**
|**Income and Endowments from:**
Donations and legacies
Investment income
Total income
**Expenditure on:**
Charitable activities
Other expenditure
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2020**
**£**
208,777
3,649
212,426
(10,125)
(8,023)
(18,148)
194,278
194,278
89,914
284,192|**Total**
**Restricted**
**Funds**
**2019**
**£**
7,687
1,902|
|---|---|---|
|||9,589|
|||(15,152)
(2,407)|
|||(17,559)|
|||(7,970)|
|||(7,970)
97,884|
|||89,914|
This page does not form part of the statutory financial statements. Page 14
## **Leicester Glenhills Christadelphians**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2020**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Investment income (analysed below)
Total income
**Expenditure on:**
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2020**
**£**
214,420
3,649
218,069
(10,125)
(12,855)
(22,980)
195,089
195,089
92,961
288,050|**Total**
**2019**
**£**
13,026
1,902|
|---|---|---|
|||14,928|
|||(15,152)
(7,982)|
|||(23,134)|
|||(8,206)|
|||(8,206)
101,167|
|||92,961|
This page does not form part of the statutory financial statements. Page 15
## **Leicester Glenhills Christadelphians**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2020**
|**_Donations and legacies_**
Legacies and bequests
Appeals and donations - Local Preaching
Appeals and donations - Sunday School
Appeals and donations - Welfare
Appeals and donations - Building
Appeals and donations - Reserves
Appeals and donations - Unrestricted
Gift Aid tax reclaimed - Local Preaching
Gift Aid tax reclaimed - Welfare
Gift Aid tax reclaimed - Building
**_Investment income_**
Interest on cash deposits
**_Charitable activities_**
Charitable donations
Charitable donations
Charitable donations
**_Other expenditure_**
Repairs and maintenance
Trade subscriptions
Trade subscriptions
Trade subscriptions
Water rates
Light, heat and power
Insurance
Repairs and maintenance
Repairs and maintenance
Telephone and fax
Printing, postage and stationery
Printing, postage and stationery
Trips & events
Sundry expenses
Sundry expenses
Sundry expenses|**Total**
**2020**
**£**
200,623
1,081
102
4,192
691
-
5,643
1,099
591
398
214,420
3,649
3,649
-
(5,400)
(4,725)
(10,125)
(1,290)
145
(26)
579
(263)
(1,407)
(744)
(5,626)
(782)
(286)
(194)
(897)
(50)
(536)
(40)
(982)|**Total**
**2019**
**£**
-
2,079
-
1,372
876
1,000
5,339
1,143
893
324|
|---|---|---|
|||13,026|
|||1,902|
|||1,902|
|||(995)
(8,157)
(6,000)|
|||(15,152)|
|||-
(142)
-
(403)
(171)
(1,464)
(877)
(720)
(786)
(259)
(145)
267
(250)
(167)
-
(1,632)|
This page does not form part of the statutory financial statements. Page 16
## **Leicester Glenhills Christadelphians**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2020**
|Advertising|**Total**
**2020**
**£**
(456)
(12,855)|**Total**
**2019**
**£**
(1,233)|
|---|---|---|
|||(7,982)|
This page does not form part of the statutory financial statements. Page 17