Charity registration number: 702085
Kings Norton Christadelphian Ecclesia
Annual Report and Financial Statements
for the Year Ended 31 March 2021
Kings Norton Christadelphian Ecclesia
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 |
Kings Norton Christadelphian Ecclesia
Reference and Administrative Details
Chief Executive Officer Mr E A Johnson Trustees Mr B Mothersdill Mr I Austin Mr E A Johnson Mr T Collard Mr A Miller Charity Registration Number 702085 Principal Office Kings Norton Christadelphian Hall Corner of Harbinger Road and Bells Lane Birmingham B38 0AD Independent Examiner Buckler Spencer Ltd Buckler Spencer Ltd Old Police Station Church Street Swadlincote DE11 8LN
Page 1
Kings Norton Christadelphian Ecclesia
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2021.
Objectives and activities
Objects and aims
To erect on the property and maintain an assembly hall as a place of public worship for the advancement of religion and for otherwise furthering the charitable purpose of the ecclesia.
Public benefit
The Kings Norton Christadelphian Ecclesia meet to study and proclaim the Gospel message and provide support to their members and the wider Christadelphian community throughout the world.
Makes grants to organisations, provides buildings/facilities/open space and provides 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 and property. There are no outstanding obligations or credit facilitiies 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 E A Johnson Chief executive officer and trustee
......................................... Mr A Miller Trustee
Page 2
Kings Norton Christadelphian Ecclesia
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;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 E A Johnson Chief executive officer and trustee
......................................... Mr A Miller Trustee
Page 3
Kings Norton Christadelphian Ecclesia
Independent Examiner's Report to the trustees of Kings Norton Christadelphian Ecclesia
I report to the trustees on my examination of the accounts of Kings Norton Christadelphian Ecclesia for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of Kings Norton Christadelphian Ecclesia 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 Kings Norton Christadelphian Ecclesia'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:
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accounting records were not kept in respect of Kings Norton Christadelphian Ecclesia as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the 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
Buckler Spencer Ltd Old Police Station Church Street Swadlincote DE11 8LN
Date:.............................
Page 4
Kings Norton Christadelphian Ecclesia
Statement of Financial Activities for the Year Ended 31 March 2021
| Note Income and Endowments from: Donations and legacies Total income Expenditure on: Raising funds Charitable activities Total expenditure Net (expenditure)/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 Total income Expenditure on: Raising funds Charitable activities Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10 |
Unrestricted funds £ 20,418 20,418 (7,846) (14,356) (22,202) (1,784) (1,784) 8,616 6,832 Unrestricted funds £ 8,483 8,483 (8,618) (2,293) (10,911) (2,428) (2,428) 18,029 15,601 |
Restricted funds £ 17,256 17,256 (555) (15,452) (16,007) 1,249 1,249 221,137 222,386 Restricted funds £ 19,225 19,225 (1,992) (14,723) (16,715) 2,510 2,510 211,642 214,152 |
Total 2021 £ 37,674 |
|---|---|---|---|
| 37,674 | |||
| (8,401) (29,808) |
|||
| (38,209) | |||
| (535) | |||
| (535) 229,753 |
|||
| 229,218 | |||
| Total 2020 £ 27,708 |
|||
| 27,708 | |||
| (10,610) (17,016) |
|||
| (27,626) | |||
| 82 | |||
| 82 229,671 |
|||
| 229,753 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 10.
The notes on pages 7 to 12 form an integral part of these financial statements. Page 5
Kings Norton Christadelphian Ecclesia
(Registration number: 702085) Balance Sheet as at 31 March 2021
| Note Fixed assets Tangible assets 7 Current assets Cash at bank and in hand 8 Creditors: Amounts falling due within one year 9 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 10 |
2021 £ 175,000 55,087 (869) 54,218 229,218 222,386 6,832 229,218 |
2020 £ 175,000 55,750 (997) |
|---|---|---|
| 54,753 | ||
| 229,753 | ||
| 214,152 15,601 |
||
| 229,753 |
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 E A Johnson Chief executive officer and trustee
......................................... Mr A Miller Trustee
The notes on pages 7 to 12 form an integral part of these financial statements. Page 6
Kings Norton Christadelphian Ecclesia
Notes to the Financial Statements for the Year Ended 31 March 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Kings Norton Christadelphian Ecclesia meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
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.
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.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
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.
Page 7
Kings Norton Christadelphian Ecclesia
Notes to the Financial Statements for the Year Ended 31 March 2021
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
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.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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
Kings Norton Christadelphian Ecclesia
Notes to the Financial Statements for the Year Ended 31 March 2021
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 Gift aid reclaimed Total for 2021 Total for 2020 |
Unrestricted funds General £ 16,010 4,408 20,418 8,483 |
Restricted funds £ 10,031 7,225 17,256 19,225 |
Total funds £ 26,041 11,633 |
|---|---|---|---|
| 37,674 | |||
| 27,708 |
- 3 Expenditure on raising funds
a) Costs of trading activities
| Note Allocated support costs Total for 2021 Total for 2020 |
Unrestricted funds General £ 7,846 7,846 8,618 |
Restricted funds £ 555 555 1,992 |
Total funds £ 8,401 |
|---|---|---|---|
| 8,401 | |||
| 10,610 |
Page 9
Kings Norton Christadelphian Ecclesia
Notes to the Financial Statements for the Year Ended 31 March 2021
| 4 Expenditure on charitable activities Note Allocated support costs Governance costs Total for 2021 Total for 2020 |
Unrestricted funds General £ 13,996 360 14,356 2,293 |
Restricted funds £ 15,452 - 15,452 14,723 |
Total costs £ Total funds £ 29,448 360 |
|---|---|---|---|
| 29,808 | |||
| 17,016 | |||
| Total expenditure £ |
5 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.
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Tangible fixed assets
| Cost At 1 April 2020 At 31 March 2021 Depreciation At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 |
Furniture and equipment £ 10,000 10,000 - 10,000 10,000 |
Other tangible fixed asset £ 165,000 165,000 - 165,000 165,000 |
Total £ 175,000 |
|---|---|---|---|
| 175,000 - |
|||
| 175,000 | |||
| 175,000 |
Page 10
Kings Norton Christadelphian Ecclesia
Notes to the Financial Statements for the Year Ended 31 March 2021
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 |
2021 £ 55,087 (869) 54,218 2021 £ 869 |
2020 £ 55,750 (997) |
| 54,753 | ||
| 2020 £ 997 |
Bank overdrafts
Page 11
Kings Norton Christadelphian Ecclesia
Notes to the Financial Statements for the Year Ended 31 March 2021
| 10 Funds Unrestricted funds General Restricted funds Total funds Unrestricted General Restricted Total funds |
Balance at 1 April 2020 £ 8,616 221,137 229,753 Balance at 1 April 2019 £ (18,029) (211,642) (229,671) |
Incoming resources £ 20,418 17,256 37,674 Incoming resources £ (8,483) (19,225) (27,708) |
Resources expended £ (22,202) (16,007) (38,209) Resources expended £ 10,911 16,715 27,626 |
Balance at 31 March 2021 £ 6,832 222,386 |
|---|---|---|---|---|
| 229,218 | ||||
| Balance at 31 March 2020 £ (15,601) (214,152) |
||||
| (229,753) |
11 Analysis of net assets between funds
| 11 Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ - 6,832 - 6,832 Unrestricted funds General £ - 8,616 - 8,616 |
Restricted funds £ 175,000 48,255 (869) 222,386 Restricted funds £ 175,000 47,134 (997) 221,137 |
Total funds at 31 March 2021 £ 175,000 55,087 (869) |
| 229,218 | |||
| Total funds at 31 March 2020 £ 175,000 55,750 (997) |
|||
| 229,753 |
Page 12
Kings Norton Christadelphian Ecclesia
Statement of Financial Activities by fund for the Year Ended 31 March 2021
| Income and Endowments from: Donations and legacies Total income Expenditure on: Raising funds Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2021 £ 20,418 20,418 (7,846) (14,356) (22,202) (1,784) (1,784) 8,616 6,832 |
Total Unrestricted Funds 2020 £ 8,483 |
|---|---|---|
| 8,483 | ||
| (8,618) (2,293) |
||
| (10,911) | ||
| (2,428) | ||
| (2,428) 18,029 |
||
| 15,601 |
This page does not form part of the statutory financial statements. Page 13
Kings Norton Christadelphian Ecclesia
Statement of Financial Activities by fund for the Year Ended 31 March 2021
| Income and Endowments from: Donations and legacies Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Restricted Funds 2021 £ 17,256 17,256 (555) (15,452) (16,007) 1,249 1,249 221,137 222,386 |
Total Restricted Funds 2020 £ 19,225 |
|---|---|---|
| 19,225 | ||
| (1,992) (14,723) |
||
| (16,715) | ||
| 2,510 | ||
| 2,510 211,642 |
||
| 214,152 |
This page does not form part of the statutory financial statements. Page 14
Kings Norton Christadelphian Ecclesia
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Income and Endowments from: Donations and legacies (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2021 £ 37,674 37,674 (8,401) (29,808) (38,209) (535) (535) 229,753 229,218 |
Total 2020 £ 27,708 |
|---|---|---|
| 27,708 | ||
| (10,610) (17,016) |
||
| (27,626) | ||
| 82 | ||
| 82 229,671 |
||
| 229,753 |
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Kings Norton Christadelphian Ecclesia
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Donations and legacies Appeals and donations Appeals and donations Appeals and donations Appeals and donations Appeals and donations Appeals and donations Appeals and donations Appeals and donations Gift Aid donations & tax Gift Aid donations & tax Gift Aid donations & tax Gift Aid donations & tax Gift Aid donations & tax Gift Aid donations & tax Raising funds Volunteer expenses Light, heat and power Insurance Repairs and maintenance Repairs and maintenance General maintenance Charitable donations Sundry expenses Cleaning |
Total 2021 £ 1,780 1,233 4,870 126 128 602 1,292 16,010 2,255 1,396 3,395 51 128 4,408 37,674 - (5,521) (1,371) (555) (422) - - (532) - (8,401) |
Total 2020 £ 2,585 2,461 3,878 263 789 1,243 2,048 4,130 2,177 1,088 2,693 - - 4,353 |
|---|---|---|
| 27,708 | ||
| (625) (2,977) (1,304) (492) (1,863) (559) (1,500) (1,258) (32) |
||
| (10,610) |
This page does not form part of the statutory financial statements. Page 16
Kings Norton Christadelphian Ecclesia
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Charitable activities Printing, postage and stationery Charitable donations Charitable donations Charitable donations Sundry expenses Sundry expenses Sundry expenses Sundry expenses Advertising Independent examiner's fee |
Total 2021 £ (445) (11,800) (1,800) (13,193) (301) (167) (474) (358) (910) (360) (29,808) |
Total 2020 £ (305) (8,840) (1,800) (1,628) (638) (425) (1,209) - (1,811) (360) |
|---|---|---|
| (17,016) |
This page does not form part of the statutory financial statements. Page 17