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Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2019 |
for |
THORNBURY BAPTIST CHURCH |
REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2019 |
for |
THORNBURY BAPTIST CHURCH |
THORNBURY BAPTIST CHURCH |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Page |
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Report of the Trustees | 1 to 5 |
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Independent Examiner's Report | 6 |
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Statement of Financial Activities | 7 |
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Balance Sheet | 8 to 9 |
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Notes to the Financial Statements | 10 to 23 |
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THORNBURY BAPTIST CHURCH |
Report of the Trustees |
FOR THE YEAR ENDED 31 MARCH 2019 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report |
with the financial statements of the charity for the year ended 31 March 2019. The trustees have adopted the |
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities |
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of |
Ireland (FRS 102) (effective 1 January 2015). |
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OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The objective of the Church is to proclaim the gospel of Jesus Christ in the local area and throughout the world. This |
is summed up in the Church mission statement which is as follows: |
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'Following the way of Jesus, by loving God, one another and the world.' |
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The church also aims to be a praying, loving, growing and mission community. |
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Significant activities |
During the past year the Church has sought to express that objective by seeking to help, bless and benefit our local, |
national and international community links. Some of the very many activities which have been undertaken are set out |
in the "charitable activities" section below, and it is considered that they are all for the public benefit. |
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Public benefit |
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit |
when reviewing our aims and objectives and in planning our current and future activities. |
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Volunteers |
During the year, the Church was again supported by many people volunteering their time and talents. The Church |
Trustees and the Spiritual Leadership Team would like to take this opportunity to say how much they appreciate their |
continuing and valuable support. |
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THORNBURY BAPTIST CHURCH |
Report of the Trustees |
FOR THE YEAR ENDED 31 MARCH 2019 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
During the last year the church has been actively developing its local community, national and international links. |
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Worshipping Congregation |
The Church holds weekly meetings for Christian worship on Sunday mornings and most Sunday evenings, all of |
which are open to the community. A free lunch is usually provided for anyone attending on the first Sunday of each |
month. Around 200-250 people of all ages attend these meetings on an average Sunday. |
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We aim to be a welcoming church for those interested in finding out more about faith. One option for those who want |
to know more is to join one of our regularly held 'Alpha' courses which are a good introduction to the Christian faith. |
Several people have attended such a course over the past year. |
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Local Community |
The Church undertakes many activities for the community including involvement in the local Food Bank initiative, in |
the provision of Debt Advice support and counselling, a luncheon club for the elderly, a drop in centre for lonely |
individuals in the community and a thriving soft play "cafe?" for parents/carers and their babies and toddlers. On |
Christmas Day 2018 we provided a Christmas Lunch for those who would otherwise be alone at Christmas. |
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We run a "Two by Two" group for parents and children leading up to pre-school age. We operate a very active |
children's and youth programme which includes Sunday groups and various activities throughout the week for young |
people from the local community. On a less regular basis we operate additional children's and youth activities during |
the summer, which have been popular in the local community. |
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Many of the volunteers from the Church offer their time in local schools as Governors, mentoring support of pupils |
and taking part in school assemblies on a regular basis. |
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Our buildings and facilities are utilised for many activities including breakfast and afterschool clubs, knitting circle, |
University of the 3rd Age (U3A), Community Gospel choir, various games groups, and one-off events in the |
community. The premises are also used by local Health Visitors for a weekly drop-in and baby weighing club, plus a |
Breast-feeding support group. |
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Regional and national |
Thornbury Baptist Church have links with a number of mission partners, offering support variously through prayer, |
practical involvement, or financial assistance. |
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Locally we have continued to develop such links with the 125 Project in Bristol, supporting sex workers; the Willow |
Tree Centre, supporting those who have suffered baby-loss; the Julian Trust, providing food and beds for homeless |
people. |
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Nationally we have continued our links with a couple working on a deprived estate in Hull and with LZ7 a |
music-based youth outreach based in Manchester. |
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Through a link with a Charity called CRED the Church supports team leadership of young people from across the UK |
who have been marginalised / on probation to undertake trips to help others in need both home and overseas which |
helps them grow in confidence and esteem. |
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THORNBURY BAPTIST CHURCH |
Report of the Trustees |
FOR THE YEAR ENDED 31 MARCH 2019 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
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Overseas |
Our international links include, support for the training of students through the YWAM Malaysia organisation; the |
sponsorship of many children in Colombia; an outreach to local children and the Roma community in Bulgaria; |
support for a local church's outreach amongst poor communities in Romania: the provision of training and literature |
for ELAM, working with Iranian people; , the support of a Prison Outreach ministry in Eastern Europe, through |
Transform Europe Now; the provision of education programmes in Africa, through CRED; the support of Christian |
outreach to Jewish people, through Jews for Jesus; the support of Christian satellite broadcasting, through SAT-7; and |
social programmes amongst some of the poorest communities in India, through the Bridge Trust. |
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All of our mission activity is overseen by our Mission Focus Group who provide a first line of support and |
accountability. |
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FINANCIAL REVIEW |
Financial position |
The financial position of the church is considered to be satisfactory. During the year under review, the total income |
was £318,939 (2018 - 325,756). There was a net surplus of £36,668 (2018 - net surplus of £28,114) on unrestricted |
funds and in addition, there was a net outflow of £31,234 (2018 - net inflow of £1,025) on restricted funds activities |
during the year. |
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Reserves policy |
The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three |
months of unrestricted charitable expenditure. The trustees consider that this level will ensure that there are sufficient |
funds available to cover employee, building related and governance costs. |
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At the year end there were free reserves of £134,345 (2018 - £107,451), designated reserves of £26,989 (2018 - |
19,598) and restricted funds of £24,617 (2018 - £45,423) |
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FUTURE PLANS |
Our Church aims are to continue to be used by God to show His love to our community where we live and share the |
good news of His gospel in all we do. |
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In July 2018, our assisted living home opened in Thornbury. This home is leased from Green Pastures, a national |
Christian social enterprise. Our aim is to provide the residents with a firm foundation to move forward in their lives. |
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We are looking to continue to foster stronger links with other churches in the region to meet together for support and |
encouragement, as it is our desire to see local community fellowships develop. |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, its Articles of Association, and constitutes a limited company, |
limited by guarantee, as defined by the Companies Act 2006. |
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Recruitment and appointment of new trustees |
The charity will look for new trustees as required. Such persons will need to be eligible to serve in accordance with the |
Articles of Association. |
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Organisational structure |
The day to day administration of the Church is undertaken by administrative staff and volunteers in the church office. |
The Pastors and Elders are assisted in their roles by a team of support leaders who have oversight for particular areas |
in the Church including administration, mission and youth work. |
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THORNBURY BAPTIST CHURCH |
Report of the Trustees |
FOR THE YEAR ENDED 31 MARCH 2019 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
CHURCH COMMUNITY |
The Church has Spiritual Leadership who are a group of persons (The Elders) who are recognised by the Church |
Community as having responsibility and authority within that community for its spiritual oversight. Those who served |
in this capacity in the year under review were; |
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P Ferguson (Community Pastor - employed) |
M Levy (Children's and Youth Pastor - employed) |
D Lawrence (Teaching Pastor - employed) |
S Heath |
M Groves (stood down 21 February 2019) |
D Ling (appointed 24 April 2018) |
H Staley (appointed 8 November 2018) |
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The "family forum" is a quarterly meeting of members of the Church community. At such meetings the members |
together seek to understand God's plans and purposes for this Church. We also review the activities of the Church over |
the last quarter including mission and youth work and are given information on the finances of the Church. The |
decision to appoint pastors and elders is also made by the family forum. |
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REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
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Registered Charity number |
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Registered office |
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Trustees |
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- appointed 24.4.18 |
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The trustees are also directors for the purposes of Company law. |
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Independent examiner |
Haines Watts |
Chartered Accountants |
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6-8 Bath Street |
Bristol |
BS1 6HL |
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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
to small companies. |
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THORNBURY BAPTIST CHURCH |
Report of the Trustees |
FOR THE YEAR ENDED 31 MARCH 2019 |
Approved by order of the board of
trustees
on
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Independent Examiner's Report to the Trustees of |
Thornbury Baptist Church |
Independent examiner's report to the trustees of Thornbury Baptist Church ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2019. |
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Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible |
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
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Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act |
and are eligible for independent examination, I report in respect of my examination of your charity's accounts as |
carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have |
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. |
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Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm |
that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the |
listed bodies |
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I have completed my examination. I confirm that no matters have come to my attention in connection with the |
examination giving me cause to believe: |
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1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. |
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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 |
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Geoffrey Speirs FCA |
ICAEW |
Haines Watts |
Chartered Accountants |
Bath House |
6-8 Bath Street |
Bristol |
BS1 6HL |
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20 December 2019 |
THORNBURY BAPTIST CHURCH |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
FOR THE YEAR ENDED 31 MARCH 2019 |
31.3.19 | 31.3.18 |
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Unrestricted
funds |
Restricted
funds |
Total
funds |
Total
funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
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Charitable activities | 4 |
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Investment income | 3 |
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Total |
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EXPENDITURE ON |
Charitable activities | 5 |
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Total |
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NET INCOME/(EXPENDITURE) |
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( |
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Transfers between funds | 17 | (10,428 | ) | 10,428 | - | - |
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Net movement in funds |
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( |
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RECONCILIATION OF FUNDS |
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Total funds brought forward |
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TOTAL FUNDS CARRIED FORWARD |
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187,617 |
THORNBURY BAPTIST CHURCH (REGISTERED NUMBER: 09388657) |
Balance Sheet |
AT 31 MARCH 2019 |
31.3.19 | 31.3.18 |
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Unrestricted
funds |
Restricted
funds |
Total
funds |
Total
funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
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CURRENT ASSETS |
Stocks | 13 |
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Debtors | 14 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 15 |
( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS |
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FUNDS | 17 |
Unrestricted funds | 168,434 | 142,194 |
Restricted funds |
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45,423 |
TOTAL FUNDS |
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187,617 |
THORNBURY BAPTIST CHURCH (REGISTERED NUMBER: 09388657) |
Balance Sheet - continued |
AT 31 MARCH 2019 |
The charitable company is entitled to exemption from audit under |
Section 477 of the Companies Act 2006 for the year ended 31 March 2019. |
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The members have not required the company to obtain an audit of its financial statements for the year ended |
31 March 2019 in accordance with Section 476 of the Companies Act 2006. |
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The trustees acknowledge their responsibilities for |
(a) |
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the charitable company
as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
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These financial statements have been prepared in accordance with the |
provisions applicable to charitable companies subject to the small companies regime. |
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The financial statements were approved by
the Board of
Trustees
on
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THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 MARCH 2019 |
1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been |
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement |
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial |
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', |
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of |
Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost |
convention. |
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The financial statements are prepared in sterling which is the functional currency of the charity and are |
rounded to the nearest £. |
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The trustees consider that there are no material uncertainties about the charity's ability to continue as a going |
concern. |
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Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, |
it is probable that the income will be received and the amount can be measured reliably. |
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Offerings and grants are recognised on receipt. Procedures are in place to ensure the completeness of income. |
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Income tax recoverable on gift aid donations is recognised on an accruals basis at the same time as the original |
donation. |
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Foodbank - donated food is recognised in the accounts of the foodbank. |
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Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the |
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and |
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and |
has been classified under headings that aggregate all cost related to the category. Where costs cannot be |
directly attributed to particular headings they have been allocated to activities on a basis consistent with the use |
of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment |
but not accrued as expenditure. |
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Tangible fixed assets |
The church land and buildings at Gillingstool, Thornbury are excluded from the accounts on the basis they are |
held by a separate excepted charity. |
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All assets costing more than £100 are capitalised. Fixed assets (other than those transferred from the existing |
charity) are included at original cost and are depreciated on a straight line basis as follows: |
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Plant and equipment 25% |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Taxation |
The charity is exempt from corporation tax on its charitable activities. |
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THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
1. | ACCOUNTING POLICIES - continued |
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Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
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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. |
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Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
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Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the |
charitable company's pension scheme are charged to the Statement of Financial Activities in the period to |
which they relate. |
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Volunteers and donated goods and services |
The value of services provided by volunteers is not incorporated into these financial statements. |
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Where goods or services are provided to the charity as a donation that would normally be purchased from |
suppliers, these contributions are included in the financial statements as an estimate based on the value of the |
contribution. |
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Goods donated and held as stock for distribution by the food bank are recognised as incoming resources within |
voluntary income only when distributed with an equivalent amount being included as resources expended. |
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Cash and short term investments |
Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes |
and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents |
are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are |
subject to an insignificant risk of changes in value. |
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Financial Instruments |
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic |
financial instruments are initially recognised at transaction value and subsequently measured at their |
settlement value. |
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Judgements and key sources of estimation uncertainty |
The following judgements (apart from those involving estimates) have been made in the process of applying |
the above accounting policies that have had the most significant effect on amounts recognised in the financial |
statements: |
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Depreciation |
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THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
2. | DONATIONS AND LEGACIES |
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31.3.19 | 31.3.18 |
£ | £ |
Donations and offerings |
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Income tax recoverable |
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Grants |
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DONATED GOODS, SERVICES AND FACILITIES |
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During the year the church has benefitted from numerous services provided by volunteers covering areas such |
as children's and youth work, Luncheon Club, Book Centre and all areas of ministry. Further services have |
been provided in the form of assistance with maintenance, finance and administration. In accordance with the |
Statement of Recommended Practice, no amounts are included in the accounts for the services donated by |
volunteers. |
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3. | INVESTMENT INCOME |
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31.3.19 | 31.3.18 |
£ | £ |
Investment income | 142 | 20 |
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4. | INCOME FROM CHARITABLE ACTIVITIES |
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31.3.19 | 31.3.18 |
Activity | £ | £ |
Sports ministry | Ministry | 3,725 | 2,609 |
Luncheon club | Ministry | 6,684 | 5,567 |
Two by Two club | Ministry | 649 | 866 |
Rent | Ministry | 14,081 | - |
Other events | Ministry | 6,296 | 7,823 |
Youth events | Youth work | 5,950 | 7,215 |
Other events | Youth work | 126 | - |
Bookstall and coffee lounge | Book centre and coffee lounge | 2,746 | 4,352 |
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THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
5. | CHARITABLE ACTIVITIES COSTS |
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Direct costs |
Grant
funding of activities |
Support costs |
Totals |
(See note 6) | (See note 7) |
£ | £ | £ | £ |
Ministry | 110,834 | - | 14,716 | 125,550 |
Mission | 28,900 | 67,661 | 14,715 | 111,276 |
Youth work | 59,094 | - | 14,717 | 73,811 |
Book centre and coffee lounge | 2,868 | - | - | 2,868 |
201,696 | 67,661 | 44,148 | 313,505 |
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6. | GRANTS PAYABLE |
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31.3.19 | 31.3.18 |
£ | £ |
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67,661 | 53,289 |
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The total grants paid to institutions during the year was as follows: |
31.3.19 | 31.3.18 |
£ | £ |
Fundacion Amigos y Hermanos, Columbia - child sponsorship |
23,854 |
15,448 |
YWAM - Malaysia | 3,800 | 1,965 |
Jews for Jesus | 1,200 | 1,316 |
One 25 Limited | 1,200 | 1,300 |
ELAM Ministries | 1,300 | 1,600 |
Transform Europe Now | 2,600 | 2,200 |
ROPE | 100 | - |
SIFT - Nicaragua | - | 3,000 |
Other | 125 | - |
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THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
7. | SUPPORT COSTS |
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Finance |
Accounting
and governance |
Premises |
£ | £ | £ |
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266 | 1,074 | 9,207 |
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265 | 1,075 | 9,206 |
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266 | 1,075 | 9,207 |
797 | 3,224 | 27,620 |
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General back
office costs |
Phone |
Totals |
£ | £ | £ |
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3,316 | 853 | 14,716 |
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3,316 | 853 | 14,715 |
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3,316 | 853 | 14,717 |
9,948 | 2,559 | 44,148 |
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8. | NET INCOME/(EXPENDITURE) |
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Net income/(expenditure) is stated after charging/(crediting): |
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31.3.19 | 31.3.18 |
£ | £ |
Depreciation - owned assets |
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Accountants' fees - independent examination | 1,280 | 1,250 |
Accountants' fees - other services | 1,944 | 1,649 |
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9. | TRUSTEES' REMUNERATION AND BENEFITS |
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There were no trustees' remuneration or other benefits for the year ended 31 March 2019 nor for the year |
ended 31 March 2018 . |
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Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2019 nor for the year ended |
31 March 2018 . |
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THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
10. | STAFF COSTS |
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31.3.19 | 31.3.18 |
£ | £ |
Wages and salaries |
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Social security costs |
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Other pension costs |
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137,951 | 145,146 |
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The average monthly number of employees during the year was as follows: |
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31.3.19 | 31.3.18 |
Average number of staff | 9 | 10 |
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No employees received emoluments in excess of £60,000. |
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11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
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Unrestricted
funds |
Restricted
funds |
Total
funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
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Charitable activities |
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Investment income |
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Total |
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EXPENDITURE ON |
Charitable activities |
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Total |
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NET INCOME/(EXPENDITURE) |
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( |
) |
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Transfers between funds | (20,159 | ) | 20,159 | - |
Net movement in funds |
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THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
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Unrestricted
funds |
Restricted
funds |
Total
funds |
£ | £ | £ |
RECONCILIATION OF FUNDS |
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Total funds brought forward | 114,080 | 44,398 | 158,478 |
TOTAL FUNDS CARRIED FORWARD | 142,194 | 45,423 | 187,617 |
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12. | TANGIBLE FIXED ASSETS |
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Plant and
machinery |
£ |
COST |
At 1 April 2018 and 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
|
Charge for year |
|
At 31 March 2019 |
|
NET BOOK VALUE |
At 31 March 2019 |
|
At 31 March 2018 |
|
13. | STOCKS |
|
31.3.19 | 31.3.18 |
£ | £ |
Stocks - books, CD's and cards |
|
|
|
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
31.3.19 | 31.3.18 |
£ | £ |
Income tax recoverable | 41,414 | 41,449 |
Prepayments and accrued income |
|
|
|
|
|
THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
31.3.19 | 31.3.18 |
£ | £ |
Social security and other taxes |
|
|
Accruals and deferred income |
|
|
|
|
|
16. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
|
31.3.19 | 31.3.18 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
17. | MOVEMENT IN FUNDS |
|
|
At 1.4.18 |
Net
movement in funds |
Transfers
between funds |
At 31.3.19 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 122,596 | 73,827 | (54,978 | ) | 141,445 |
Mission fund | 329 | (31,059 | ) | 33,615 | 2,885 |
Care fund | 15,103 | (4,946 | ) | 5,775 | 15,932 |
Building repair fund | 4,166 | (627 | ) | 3,600 | 7,139 |
Youth fund | - | (527 | ) | 1,560 | 1,033 |
|
36,668 |
( |
) |
|
|
Restricted funds |
Building fund | 6,237 | - | - | 6,237 |
Specific Mission fund (Calikids) | 23,280 | (10,234 | ) | - | 13,046 |
Foodbank fund | 2,155 | (864 | ) | - | 1,291 |
Streetspace fund | - | (10,428 | ) | 10,428 | - |
Skate Park project | 9,723 | (9,150 | ) | - | 573 |
Green Pastures fund | 4,028 | (558 | ) | - | 3,470 |
|
(31,234 | ) |
|
|
|
TOTAL FUNDS |
|
5,434 |
|
193,051 |
|
THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
17. | MOVEMENT IN FUNDS - continued |
|
Net movement in funds, included in the above are as follows: |
|
Incoming
resources |
Resources
expended |
Movement in
funds |
£ | £ | £ |
Unrestricted funds |
General fund | 263,463 | (189,636 | ) | 73,827 |
Mission fund | 8,657 | (39,716 | ) | (31,059 | ) |
Building repair fund | - | (627 | ) | (627 | ) |
Youth fund | 5,831 | (6,358 | ) | (527 | ) |
Care fund | - | (4,946 | ) | (4,946 | ) |
|
( |
) | 36,668 |
|
Restricted funds |
Specific Mission fund (Calikids) | 13,420 | (23,654 | ) | (10,234 | ) |
Foodbank fund | 539 | (1,403 | ) | (864 | ) |
Streetspace fund | 3,958 | (14,386 | ) | (10,428 | ) |
Skate Park project | 211 | (9,361 | ) | (9,150 | ) |
Green Pastures fund | 22,860 | (23,418 | ) | (558 | ) |
|
( |
) | (31,234 | ) |
|
TOTAL FUNDS |
|
( |
) | 5,434 |
|
THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
17. | MOVEMENT IN FUNDS - continued |
|
|
Comparatives for movement in funds |
|
At 1.4.17 |
Net
movement in funds |
Transfers
between funds |
At 31.3.18 |
£ | £ | £ | £ |
|
Unrestricted Funds |
General fund | 88,835 | 86,306 | (52,545 | ) | 122,596 |
Mission fund | 20,249 | (33,848 | ) | 13,928 | 329 |
Care fund | 4,996 | (4,199 | ) | 14,306 | 15,103 |
Building repair fund | - | 14 | 4,152 | 4,166 |
114,080 | 48,273 | (20,159 | ) | 142,194 |
|
Restricted Funds |
Building fund | 6,237 | - | - | 6,237 |
Specific Mission fund (Calikids) | 24,625 | (1,345 | ) | - | 23,280 |
Foodbank fund | 3,983 | (1,828 | ) | - | 2,155 |
Streetspace fund | - | (18,046 | ) | 18,046 | - |
Skate Park project | 9,553 | 170 | - | 9,723 |
Green Pastures fund | - | 1,915 | 2,113 | 4,028 |
44,398 | (19,134 | ) | 20,159 | 45,423 |
|
TOTAL FUNDS | 158,478 | 29,139 | - | 187,617 |
THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
17. | MOVEMENT IN FUNDS - continued |
|
Comparative net movement in funds, included in the above are as follows: |
|
Incoming
resources |
Resources
expended |
Movement in
funds |
£ | £ | £ |
Unrestricted funds |
General fund | 289,176 | (202,870 | ) | 86,306 |
Mission fund | 1,820 | (35,668 | ) | (33,848 | ) |
Care fund | - | (4,199 | ) | (4,199 | ) |
Building repair fund | 14 | - | 14 |
291,010 | (242,737 | ) | 48,273 |
|
Restricted funds |
Specific Mission fund (Calikids) | 14,103 | (15,448 | ) | (1,345 | ) |
Foodbank fund | - | (1,828 | ) | (1,828 | ) |
Streetspace fund | 4,310 | (22,356 | ) | (18,046 | ) |
Skate Park project | 750 | (580 | ) | 170 |
Green Pastures fund | 5,583 | (3,668 | ) | 1,915 |
24,746 | (43,880 | ) | (19,134 | ) |
|
TOTAL FUNDS | 315,756 | (286,617 | ) | 29,139 |
|
A current year 12 months and prior year 12 months combined position is as follows: |
|
|
At 1.4.17 |
Net
movement in funds |
Transfers
between funds |
At 31.3.19 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 88,835 | 160,133 | (107,523 | ) | 141,445 |
Mission fund | 20,249 | (64,907 | ) | 47,543 | 2,885 |
Care fund | 4,996 | (9,145 | ) | 20,081 | 15,932 |
Building repair fund | - | (613 | ) | 7,752 | 7,139 |
Youth fund | - | (527 | ) | 1,560 | 1,033 |
|
Restricted funds |
Building fund | 6,237 | - | - | 6,237 |
Specific Mission fund (Calikids) | 24,625 | (11,579 | ) | - | 13,046 |
Foodbank fund | 3,983 | (2,692 | ) | - | 1,291 |
Streetspace fund | - | (28,474 | ) | 28,474 | - |
Skate Park project | 9,553 | (8,980 | ) | - | 573 |
Green Pastures fund | - | 1,357 | 2,113 | 3,470 |
44,398 | (50,368 | ) | 30,587 | 24,617 |
TOTAL FUNDS | 158,478 | 34,573 | - | 193,051 |
|
THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
17. | MOVEMENT IN FUNDS - continued |
|
|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
|
Incoming
resources |
Resources
expended |
Movement in
funds |
£ | £ | £ |
Unrestricted funds |
General fund | 552,639 | (392,506 | ) | 160,133 |
Mission fund | 10,477 | (75,384 | ) | (64,907 | ) |
Building repair fund | 14 | (627 | ) | (613 | ) |
Youth fund | 5,831 | (6,358 | ) | (527 | ) |
Care fund | - | (9,145 | ) | (9,145 | ) |
|
568,961 | (484,020 | ) | 84,941 |
|
Restricted funds |
Specific Mission fund (Calikids) | 27,523 | (39,102 | ) | (11,579 | ) |
Foodbank fund | 539 | (3,231 | ) | (2,692 | ) |
Streetspace fund | 8,268 | (36,742 | ) | (28,474 | ) |
Skate Park project | 961 | (9,941 | ) | (8,980 | ) |
Green Pastures fund | 28,443 | (27,086 | ) | 1,357 |
65,734 | (116,102 | ) | (50,368 | ) |
TOTAL FUNDS | 634,695 | (600,122 | ) | 34,573 |
THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
17. | MOVEMENT IN FUNDS - continued |
|
Designated funds |
|
Mission fund - represents income of the church which is set aside for mission purposes. During this year 20% |
of unrestric ted offering income of the church was allocated to this fund. |
|
Building Repair fund - reflects a funds set aside on a monthly basis for building repairs. |
|
Youth fund - represents funds set aside for youth work. The fund has been established during the year with the |
previous y ear's youth costs included within the general fund. |
|
Care fund - represents income of the church which is set aside for care issues which arise from time to time |
in the ch urch. During this year 3% of unrestricted offering income of the church was allocated to this fund. |
|
Restricted funds |
|
Building fund - represents donations where the donors have requested that the money be used for improving |
or extending the church premises. |
|
Specific Mission fund - represents donations where the donors have expressed a wish that the money be used |
for a specific missio n purpose. This currently represents money in relation to child sponsorship in Cali, |
Colombia. |
|
Foodbank fund - represents cash donations for this purpose and specific cash expenditure. In addition, the |
trustees have estimated an annual value of food donated (and therefore distributed) of £10,000. |
|
Streetspace fund - represents grants and donations from external sources specifically to be used in connection |
with children's and youth community activities being undertaken by our detached community youth worker |
Dan Potter. The income includes contributions towards his employment costs which are paid by the church. |
|
Skate Park project - a community project in Thornbury being undertaken by Dan Potter. |
|
Green Pastures fund - represents a housing project in Thornbury. Grants and donations are received from |
external sources specifically to be used to fund a purchase of a property, to renovate and lease to formerly |
homeless individuals. |
|
Transfers between funds |
During the year, a transfer of £42,000 (2018 - £34,616) was made from the General fund to the General |
Mission fund reflecting the Church's policy of earmarking 20% of general donations for mission purposes. |
Similarly, £5,775 (2018 - £6,359) was transferred from the General Mission fund to the Care fund being 3% of |
general donations.A further £3,600 was designated for building repairs. |
|
A transfer of £8,385 (2018 - £11,264) was made from the General fund to the Streetspace fund in support of |
Dan Potter's salary. In addition, £2,043 (2018 - £6,782) was transferred from the General Mission fund to the |
Streetspace fund to fund the deficit. |
|
In 2018, £2,113 was transferred from the General fund to the Green Pastures fund to reflect the share of |
Harvest Giving. |
|
THORNBURY BAPTIST CHURCH |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
18. | RELATED PARTY DISCLOSURES |
|
Donations from trustees and related parties |
|
The aggregate donations received from trustees and other related parties were £23,155 (2018 - £20,960). |
|
19. | COMPANY LIMITED BY GUARANTEE |
|
The charity is a private company, registered in England and Wales, limited by guarantee having no share |
capital and, in accordance with the Memorandum of Association, every member is liable to contribute £1 |
towards the costs of dissolution and liabilities incurred by the charity in the event of the company being wound |
up. |
|