CHARITY REGISTRATION NUMBER: 1020504 Raglan Road Christian Church Unaudited Financial Statements 31 December 2023 Raglan Road Christian Church Financial Statements Year erided 31 December 2023 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of finaricial position Statement of cash flows Notes to the tinancial statements 11 The following pages do not form part of the flnancial ststements Detailed statement of financial activities Raglan Road Christlan Church Trustees. Annual Report Year ended 31 December 2023 Th6 trustees present their report and Lmaudlted financiel ststement5 of the charity for the yoar ended 31 Decemb6r 2023. Referenc8 and admlnlstratlvo d8talls Reglstered Charlty name Fiaglan Road Christian Church Charity registratlon number .1020504 Principal offlce 70 Fiaglan Road Smethwiok West Midlan(ts B66 3ND The trust888 Dylan John Noel Hartill Derek John Hartill Olabimpa Olukeml Odubanjo Nicola Fmma Jayne Farmer Olajumoke Adeniji Bankprs TSB Bank PIC 62-65 Cape Hill Smethwiclc Wesl Midlands B66 4PH Solicitors Pparce Legal LLP 2 The Square Solihull B913RD Company socrotary Derek John Hartill structure, governance and management The trustees present their r&port and tho fi'nanclal statemp.nw for the year ended 31st December 2023. The trustees who served during the year and up to the date of this r8port are set out on page 1 Raglan Road chrisl.ian CFiurch T'rustees. Annual Report {eontiDued) Yoar ended 31 December 2023 Structijre, governance and management (contlnuod) Organisalioiial 1) The Leaders'hlp team, led by our Sènior Pastor Garelh Brown, oversee the splritual Ilfe of the church and the Adminislralive, Financo and Properly Teams look aft&r th8 practical issugs. 2) The congregation, havel at least one church business nieeting annually, at which pras&ntations on our financial situation, major plans, and other i¥sLJes for dibcussion. 31 The trustees maat at 18ast once per year. They are nominated and appointed by existing trusl6@s b8cked by the Leadership Team and ar(9 all either Committed church members or trusted fri8rids of the chLirch. They help lo ensure that the finances are in good order aiid that tha aims arid obj8ctlV8s of the trust are belng carried out. Trijstees all liave coplps of Th8 Essential Trustee. and are fomarded the on-lin6 Chai-ity Commission updates. Trustees glve their time and service voluntarily and new trustees are inducted individually cls I'equir@d, Declslon Making PrDc8ss- The decislons are made by the Leadership Team, who meet regularly throughout each month, they receive input from the Trustees, Administrativ8, Financ8 and Property, and Operatlons Teams, Durlng the year tFiere were whole church business meeting8 (2nd February 2023, 2nd July 2023, and 26th September 20231, to impart vision and update members on finance and propertles. Th8 ag8nda tor this Is overseen by the Leadership Team. The Prop&rti&s Team, cunsistiiig of Gareth Brown, Sara Muleriga, and John Farmer, meet regularly. The Finance Team, consist￿ng of Gareth Brown, Sara Mulenga meets regularly with Marian Amissah assisting with monlhly end cPie¢ks. The trust has support from certain workers who look atter the day-lo-day manag@m611t of the trust: G8reth Brown - 27.5 hours Senior Pastor IT8am Leader) Sara Muleng8 - 30120 hours plw,. Busines.% Manager Duncan Smith - 5 hours- Estates Management Kieran Farrner- 4 hours plw Site Management Sarah Hartill - 10 hours - Youth and Children's CD-ordiridlor Satwinder Kaur- 4. hours Cleaner The various activities of the church are otherwise Ca￿led out by VDluntoers whose coiilribution i essential and invaluablel The Trust actively pursues a policy of making the facilities available to olhtgr groups whose aims match our owri. Assessment of Rlsk: The church has an Up-t￿dat0 insurance policy, with Ansvai. Insurance which covers buildings f'or both Ihe church building and numbprs 70 & 69 It alsn includes cover for Public Liability. Employers Liability and Trustees indemnity, There are regulai safety checks on Gas boilers, dnd electrical PAT tests. The church's kitchen ari'angements continue to operate In accordanLe with the Sandwell FoodlHeallh and Safety inspeGlion visit. All 3 buildings liave been assessed for fire risk and firg systems tèsted. There Is appropriate documentation of kitchen use and cleaning provisiori DBS checks are up to date Benefits.. We hold a service of public worshlp every Sunday Inorning. We also have regular meptings for pray&r which arg open to the public. -fhese are all adv6rtised either via our w?ekly notice sheet, notice board outside the church, social media or ori our w8bsil&. Believing in Jesus Christ and following his teaching offers great bLJnefits to the individual forgiveness, peace of Mind, a reason for living and hope for the futuro - and harmony for the community, because love and forgiveness are at the heart of the Christian failh. Individual Christians are part of a worldwide family, expressed in th& local church giving each pei'son the sense of belonging and significance. Our church provides activitl8s for local children and all of which sr8 adv6rti88d - either via our weekty notice sheet, notice board outside the Raglan Trustees. An nual Report (¢ontInu￿) oad Christian Church Year ended 31 December 2023 Structur6J governance and management (contlnuèdj Ghurch, social media or on our website. Followlng the teaching of Jesus Christ also involves Spreadlng His m8ssaga, both locally and throughout the world Raglan Road Chr'lstlan Churcli Trustees, Annual Report (contlnued) Yoar ènded 31 December 2023 Objeclfves and activiti88 Tlie Trust was established in fvlarch 1987 according lo the terms of the Declaratlon of l-rust dated 2nd March 1987. The purpose of the Trusl was for the advancement of the Chri8tian falth, or in the relief of pov8rty 2nd In particular for all or any of th8 followlng purposes, narnely: Por evangellsm and t6aching of Cliri5tlan doctrlne elther In Great Britain or elsewhere. To provide assisiance and financial and other support For Missionaries, Ministers and uther Christian workers. For the relief of people in special pov&ty or need. To produce, publish and distribute literatui'e, filmo<, reC￿rding$ and mat6rials or any olher commuriicatlons media on C,hrlstian subjects. To aiyange, organise and provlde assistance, ¢onf8rences, c,amps, house parties arid other actlvities for Christian tedching and fpllowship. To provide accommodation for Missionaries and other Chiistian workers, their wives and husbands ahd their children. The de8d of trust has not been updaled recently. Achifjvements and perfomiance A¢h19v6m6nt and performance - The following report provldes specific exarnplps. Maln Actlvities: Sundays Regular meplingo for worshlp. prayer, praacliing, teaching, outreach, and fellowship were held this year. On Sund8y4fs dlso w6 regularly provided Suriday School for children (Kids on Sunday) and "Hangout" for young people, During the week -menibers aloo met In person In small groups for prayer, worship. and fellowship. Courses ran on-lin¥ and in person during 2023 included the Life Equip and Life Discovery Sessions, JesuvJ al the Door, Journey of Generosity, "The Sanctuary Mental H8alth Awareness Course" and The Centre tor Faith "Grac,oll'riJth leii s8ssion cours8. Other activitles.. Childr8n's & Young Pec>plew Eve,nts events Prayer Spaces in Schools - Supporting a local primary school running prayer spac@% ov8r a Lwo-week period for every class in th8 school. 'ramily Film Nighls" multi church "Youth Worship Wholg church events, such as Summer Garden BBQ and tsatherings, and other events involving food, to make newer people feel at home, or to meet retuming missionaries Raglan Road Christlan Church Trustees. Aniiual Report Icontinuedj Year ended 31 December 2023 Achlevements and performance (conllmiedl Cammunity Outreach - The churGki is also part of Smethwick Churches Actlon Netwo￿ {CAN}, la joint response from local churches to tackle poverty, incr8ase aspiration, provid8 Opportunities & support the most vulnerabl8 in our community). Famlly Warrn Room for Families (Parentslcarors and Chlldren under 181 and Christmas Famlly Rooms. Renew Café and Prayer Space Womén's Events - Arise mid-week meetlngs and occaslonal Saturday Afternoon Teas Band of Broth9rs -Sev8ral Mens 8vents were held durlng the year, including Saturday morning walks & breakfast, Farriily Praitspe Evenings Marriage Ministries- Date Night in a Box from Care for The Family. International Speakers - Peter Hawkes from Portugal, Gabi Hariuc from Moldova. Alari Lines from Romania, Steve Harrison from LJSA. Local Churches we continue to enjoy even closer links wlth Sm6thwick Gospel Hall and participate in tha "Lov8 8andw911 and "Love Black Coijnty" 6vents. Support to OV8rs6as Chi'istian workers- Support. to overseas Christian activities in many parts of th8 world continu6s. H8lcio and Ang8la Lange Da Silva, Peter and Marilyn 14awkes, and Elizeu and Jaii Gols are all working in Porlugal and are asslsted In their work in different ways by the church. Alan Lin@s working in Romania is also supported by the church in different ways. The church has the following facilities for general use.. Bcokstall A small bookstall is maintained in the church under the 8U5pices of Christian Lilerature Crusade. Significant developments over the year, Properties.. Upgraded Ihe Fire Alarm Panel and cornmenced the r8fLirbishm@nt of Ihe Iwo flats in No 70. Flnanclal revlew Income Generation we continu8 ID mak8 our buildings available for outside use, as and when we received requests to hlre our facllltles. The church also rent5 Out 2 flats, which hav6 all b86n occupied to a greater or lesser exlant. This has all helped to Increase our Church's income, although much Is g&neraled through volunt8ry gtfis from mE)mb8rs. Plans for future perlods We will continue to work closely with other local churches. In particular with Smethwick Gospel Hall, with whorri we are seeking to develop closer leadership links. To endeavour to achieve the aims of the trust ' To continue to serve our local community in various ways To up continue the refurbishment of No 7D, in particular the development of QLir renlal capacity., The renewal of the floor1ng iri the main m88ting room. To ren8w the carp8ting in th8 main me8ting room Tu repaint th8 main meeting room Raglan Road Chrlstian Chijrch Trusloes. Annual Report (continued) Year ended 31 De¢ember 2023 Th8 trust.ee8' annual report was approved on trustees by,, 13 2*and si9ned on behalf of the board of DJ Hartill Trust68 D8rek Jol)n Hartill Charity Secretary Raglan Road Christian Church Indepandent Examiner's Report to the Trustees Year ended 31 December 2023 I report to the trustees oll my vx&mrna%ron of the financial statements of Raglan Road Christian Church {'th8 charily,) for the year ènded 31 December 2023. Responslljllltles and ba818 of report As the trustees of thg charlty. you are responsible for the preparation of the financial statamenls in accordance with the requiremenls of th8 Charitias Act 2011 ('the Act,). I report in respect of my examinatlon of Ihe charity's financial ststements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the appllcable Directions given by the Charity Commisslon under section 145{5)(b) of the Act. Ind8p8nd8nt axamlner's statemollt I have completed my examinatlon. I confirm that no mat8rial matters hava come to my attentlon in connection with th8 8xaminatlon glvlng me cause to bolleve that in any material r8spect'. accountirig records wero not kept iri respect ot tha charity as requlred by section 130 of th9 Act., or th6 financial statemerits do not accord with those records,. or the financial statements do not comply with the applic8bl8 r8quir8ments conceming the form and content of accounts set out in the Charities {Accounts and R&ports) Regulations 2008 other than any requir8m8nt that the accounts give a 'true and fair, view whlch is not a matter consldered as part of an Independent examlnation. I have no concerns and have come across no other matters In connection with the examination to which attention should be drawn in thi8 r8POrt in ord8r Io 8nabl8 a proper understanding of the accounts to b@ reach@d. Sylvanus Dzotsi B.A{Hons}, FCCA Associ8tion of Chartered Certified AccDuntaiits Independent Examiner Yavs House 130 Cape Hill Smethwlck West Midlands B66 4PH Raglan Road Christlan Church Statement of Flnanclal Actlvltles Year ended 31 December 2023 2023 Restrict6d furids Total funds 2022 Uiirestricled funds Total funds Note IiiGome and endowmenls Donations and legacles Charitable artivltles Oth6r Incom6 44,426 12,2Jro 13,275 44,426 12,250 14,015 70,691 91,597 11,484 22,577 740 Total Incomo 69,951 740 125,658 Expendltuye Expi3nditure on r8ising funds- Costs of raising donations and legac59S Expenditur8 on charltable activitles Other expenditLire Total expénditure 91,382 73 5,188 91,382 73 5.188 116,239 565 9,679 96,643 96,643 126,483 Not expendltuve aiid not movemènt Iii funds (26.6921 740 125,9531 (8251 ReconGlllatlon of fund¥ Total fijnds brought f'orward Total funds rArried forwaid 463,427 181,197 644,6?.4 618,672 64Jf,449 436,735 IB1,937 644,624 The statament of finaiicial activities Includes all gain.8 arid losses r@6ognised in the year. All income and expendylure derive from continuing actiiiilie8. The note5 on pages 11 to 18 form part of these linancial statements. Raglan Road Christian Church Statemenl of Financial Positlon 31 December 2023 2023 2022 Not• Flxed assets Tangible fixed a55ets 14 604,396 611,605 Current assets Debtors Cash al bank and in hand 15 3,005 11,131 870 32,422 14,136 33.292 Credltors: amounts falllng du8 Within one year Net current assets 16 (1391 14,275 273 33,019 Total assets less Current Ilablllllos 618,671 e44,624 Fund$ of the charity R8stricted funds Unrestrlcted funds 181,937 436,735 179,268 465,356 Total Charlty fund8 18 618,672 644,624 These financlal statem8nls were approved by the board of trustees and authorlsed for issue on 12 Augusl 2023, and are signed on behalf of the board by.. DJ Hartill Trustee The notes on page$ 11 to 18 fom) part ofthese financial statements. Raglan Road Christian Church Statempnt of f4ash Flows Year ended 31 December 2023 2023 2022 Cash flows from operatlng a¢tlvltles N8t exp@nditur6 (25.953> {825) Ad}ustments for.. Depreciation of tangible fixod assets Interest payable and simi18r charges 9,144 2,023 11,455 171 Changes in.. Trade and other debl.ors Ti'ade and other creditors (?,1351 (4.121 (17,3331 1,'146 (910) 11,037 Cash g8nerat8d from operatlOll8 Int6r&sl paid Net cash {used in}Ifrom aperaliiig artivitles (2.023) (19,J561 (171) 10,866 Cash flows fvoni Invesllng activities Purchase of tangible assets Ne.1 cash used in investing ai*ivlties <1.935) {1,935) 1'17,097) (17,097) Net decrBase In cash and cash equlJJ'alents Cash and cash equivalents al 4)Èglnnlng of yoar Cash and cash equivalents al end of yeav {21,2911 16,231) 38,653 11,131 32,422 Tho notès on paggs 11 to 18 form part ofthese financial stslements. 10 Raglan Road Chrlstlan Church Notes to the Financial Statements Year ended 31 December 2023 Gengral Informatlon The charity is a public b8nofit entity and a reqistere.d charity In England and Wales and is unincorporated. The address of the principal office 15 70 Raglan Road, SmgthwiGk, W9St Midlands, B66 3ND, Statemant of compliance These financlal statements hav8 b8en prepared In compliance with FRS 102, 'The Finanr.ial R@porting Standard applicabl@ in th8 UK and the Flepublic of Ireland,, the oQtalemenl of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporilng Standard applicable in the U K and Republic of Iraland IFRS 1021 (Charities SORP (FRS 102)) and the Charities Act 2011, Accountlng policles Basis of preparatlon The financial statements have been prepared on the hislorical Lost basis, as rriodified by the revaluation of c@rtain financial assets and li8bililies and investment properties me85ured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going ¢onc8m There are no materlal uncertainties about the charity'8 ability to cx)ntinue. Fund accoLinting Unrtslrlcted fvnds are avallable for use at lh9 discr8tion of the truste88 to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the tnjstees for parbcular future projact or commitment. Restricted funds are subjec.ted to restrictions on their expenditure declared by the donor or through the terms of an appedl. and fall Into one of two sub-c1asses.' restricted income Funds or endowment funds. 11 Raglan Road Chrlstlan Church Notes to th6 Flnanclal Statements fcontinued) Year ended 31 D8c6mber 2023 Accounting poll¢le$ (¢onUnvgd) Incomlng resources All incoming rescurces are Included in the statement of financial activities when enliUer()ent has passed to the charity; il is probabla that the economic benefits a*sociated INlth Ihe transaction will flow to tha charity and Ihe amount can be reliably measured. The following specific policies al'e applled lo particular cat@gories of income: Income from donations or grants is recognised wheii there is evldpnce of entitlement to the gift, raceipt is probabl& and its amount can bg measurod rellably. legacy incoma racognised when receipt is probabl& arid entitlement Is establi.8hed. Income from doiiated goods is me8sured at th& fair value of Ihe goods unle.ss this is impractlcal to mea.gure reliably, In wliich case the value Is derived from the cost to the donor or the estimated resale Vitilue. Donat8d facilities and servlces are recognised in the accouiits wh8n received if the value caFI b8 reliably measured. No amoLints are included for the contribution of gc,neral volLinteers. income from contracts for the supply of service5 18 recognised wlth the de.livery of the contract8d s8rvic@. This is c,lassifié>d as unrgStrict£d funds unless there Is a contractual raquirFJrnent for it to be sppnt on a particular purpose arid r@tumgd if unsp8rit, in which case It may be regarded as restrlcted, Resou￿oS Qxpended Expendlture Is rer.ognised on an accruals baoQiS as a liability is incurred, Expenditure inLAudes any VAT which canno'l be fully recovered, and is clas.sifi8d under headings of Ihe statpm&nt of ririancial act.Ivitie.s to which it relates.. expenditure on raising funds includes the costs of all fundraising activiti@s, ev8nts, non-charitable Iradlng actlvltles, and th8 salp of donated goods. expenditure on charitable activities inLludes all costs incurred by a charity in undprtaking activities that further its charFl8ble aims for the benefit of its beneficiaries, intyluding those sui)port costs and costs relating lo Ihp governance of the charity apportioned to Gharitdble activities. other expend¥ture inLludes all expenditure that is neith8r related to raising funds for the charity noi. part of ils expenditure on charitable activities, All costs are allocated to expenditure calegories reflecting the use of the resource. Direct Gosts altributdble lo a single activity are allocated dirgctly to that aclivily. Shared costs are apportioned be.tsJeen Ihe activities they contribute lo on a reasonable, justifiable cind consistent basis. Opoflricted Fund Rpstricte,d fvrid 740 740 181,197 181,197 181,197 740 181,937 At 1 Jan 2022 At Intsom@ EKpgnditur8 31 D8c 2022 Restricted fund RestriLted fund {30,054) 11.929) 181,197 181,197 181,197 28,125 (30,054) 179,268 19. Analyslt5 of chaiiges Iii net debt At At 1 Jan 2023 Cash flows 31 llpL 2023 Jash at barik and in hand 32,422 (21,291) 11,131 18 Raglan Management Information oad Chrlstian Church Year ended 31 December 2023 The followlng pagtts do not form part of tha flnanclal slatements. 19 Raglan Road Christian Church Detailed 8latement of Financial Activities Year ended 31 December 2023 2023 2022 Income and endowments Donakn"oris and legae.ies Donations 44,426 Charltable a¢tlvltles Oth8r income 12.250 11,484 Othpr incoire Tax Reclaim 5,913 1 (1,664 14.015 14.015 22,577 Total In¢ome 70,691 125,658 20 Raglan Road Chrlstlan Church Detallod Staternent of Financial Actlvltles {Gontlnued) Year ended 31 Decemb8r 2023 2023 2022 Expenditure Costs of ralslng donation.8 and lagacios Wages and salai-ies Pension costs Repairs & Malntenanca Youth & Children Mlnlstry Insurance Literatur8 & Multl-medla Vehicle leasinglhire other rnotorltravel costs L8gal aiid professional f86S T816phone & Internet cost other office costs Kitchon Costs Depreciatlon Training &Conference Feas Mission & Evang81ism Subscription &LiCen￿S Establishment Cost Missionary Giving 47,120 2,954 2,658 457 4,867 715 41,355 240 8,333 468 4,192 2,198 950 183 197 1,721 1,171 2,723 11,456 206 104 1,911 8,777 30,Q54 1,068 1,178 1,939 9,144 1,691 1,949 4,666 10,692 116,239 Expenditure on charltabl8 a￿1vItieS Other interesl payable arid similar charges Visiting Speakers 73 67 498 585 Other expenditur8 General Expenses Cleaning and Waste Removal Consultancy Other expenditure - 2.257 2,761 170 5,373 3,603 304 399 5,188 9,679 Total expendlture 96,643 126,483 Net expenditiire {25,952} {825} 21