Registered Charity Number - 1031255 Shantencead Resid Picis. tee » Wid
TH THE PEOPLE'S CHRISTIAN FELLOWSHIP | he. PRET ES AY Se PSS U nincorporate Charity Pgkent prety Tasers TRUSTEES' REPORT Et GT AND aa) SE FINANCIAL STATEMENTS wena Sey gel a Pg
FOR THE YEAR ENDED pit Fiat thas. Bae | 31 December 2023 A WcctaesSots
~~OOO)~~ THE PEOPLE'S CHRISTIAN FELLOWSHIP Registered Charit No: 1031255
BALANCE SHEET & ACCOUNTS
FOR THE YEAR ENDED 31[5][r ] DECEMBER 2023
I OWARISH & CO -ACCOUNTANTS LIMITED
1 CHEAPSIDE NORTH CIRCULAR ROAD PALMERS GREEN LONDON N13 5ED
THE PEOPLE'S CHRISTIAN FELLOWSHIP
REPORT AND ACCOUNTS
6
CONTENTS air a
77_ FOR THE YEAR ENDED 31 December 2023 —A©i.«; — REFERENCE AND ADMINISTRATIVE INFORMATION ...................................................................... 2 : TRUSTEES' REPORT ......................................................................................................................... 3 ap / 7 a =e ee ae INDEPENDENT EXAMINER'S REPORT ............................................................................................. 8 STATEMENT OF FINANCIAL ACTIVITIES .......................................................................................... 9 KA ntCL WtMe ety okORR Seeg seminar Mee iewe BALANCE SHEET ............................................................................................................................. 11 eee casi, eet cl cow cent over a NOTES TO THE FINANCIAL STATEMENTS .................................................................................... 13 i we | We("aesi 3 Fe a eeee
1 -
THE PEOPLE'S CHRISTIAN FELLOWSHIP
LEGAL AND ADMINISTRATIVE INFORMATION
Chairman Secretary Treasurer
Colin Dash
Charmaine John-Walden Ely Holboough
Reporting Accountants
Registered Charity Number
I Owarish & Co -Accountants Limited 1 Cheapside North Circular Road Palmers Green London N13 5ED 1031255
2
THE PEOPLE'S CHRISTIAN FELLOWSHIP
TRUSTEES'REPORT FOR THEYEAR ENDED31nDECEMBER2023
The Trustees' present their report and accounts for the year ended 31[st ] December 2023.
Name, Registered Office and Constitution of The Charity
The full name of the charity is The People's Christian Fellowship (PCF). The charity was formed as an unincorporated charity under a trust deed on the 13[th ] January 1994. The registered charity number is 1031255.
The charity is registered in England and Wales.
The registered office is Springfield Hall, 89 Broad Lane, Tottenham, London N15 4DW. Telephone number 020 8801 1873. The primary objective of the charity is to advance the Christian Faith and other charitable objectives as determined by the trustees.
Legal Status
The charity is governed by the constitution adopted on 7[th ] December 1993, as amended by the resolution of 31[st ] July 2002, which forms the rules and regulations of the charity. The appointment and proceedings of the trustees are dealt with in the constitution, which also set out the qualifications required. There is no formal training given to trustees, but all trustees are given a copy of the constitution on appointment, so that they are familiar with their duties and obligations.
Method of Recruitment and Training of Trustees
The Trustees are appointed by recommendation of the existing Trustees and are trained by them.
Organisation and Decision Making
As Trustees, we work together with the church officers to ensure that the charitable objectives of, and our responsibilities to the organisation have been met.
Charitable Objectives
To advance the Christian faith and for such other charitable purposes as the trustees from time to time determine.
Review of Financial Position
The charity continues to run a small deficit and have adequate reserves, as it continues to fulfil its objectives and complete its charitable projects during the year. The trustees do not foresee any reason why the charity should not be able to continue its current level of activity.
The Charity made a deficit of £30,616 before gains/(losses) after making charitable expenditure of £232.443. That deficit has been deducted from the Accumulation Income from previous years.
At the year end, the charity had reserves of £2,938,713, of which £2,690,767 are capital funds representing the charity's long-term investments.
Reserve Policy
At the present time, the Charity retains sufficient reserves to meet all its obligations for at least six months. The capital fund can only be realised by sale of the freehold property.
Fund Policy
3
i The Trustees have decided to split the accumulated fund into Capital and Income Fund. The Capital TsSte frecod et ee OMee ee re, Fund represents the value of the freehold land and building required in order to maintain the operation of 3 sds = cory * Shee Sr oe Fa the church. The Income Fund represents accumulated undistributed income. at Ae ns at ga A SE ee Ue a,
Public Benefit Statement PE Having due regards to the guidance published by the Charity Commission on public benefit. The RRae Doe tie ee “ed Trustees are of the opinion that the charity continues to provide benefits to its members, Congregation a ee teem. ee and public in general, through the operation of the church and various other activities. it be S e S aedeseMage eeeeegk WE al Poihte fen Faoea BE Principal Sources of Funding Ne ed The charity's main source of funding is regular collections from the church congregation. The charity also Steed 5 ee Ta receives funding from one off donations, grants, fund raising activities, bank deposit interest and property Uae - rene ey ee ee MPT letting. These resources enable the charity to continue supplying the staff, equipment and consumables =<eliewege Wieae Rare ren peraWE,er pegRaeNG A aT ie ot nee oe” eer necessary to run its numerous activities and pursue its charitable objective of advancing the Christian Peake nto OS SETH FES ARR Ae BBet eM Pea faith.[EE] ed oe ed awe Principal Risks and Uncertainties io The principal risk facing the charity are long term financial stability, as the charity needs to continue to NCtee es produce sufficient income each year in order to continue to deliver its charitable objectives. The charity poten yet” ERS ag Davie ae OA Se JaSv bagiDs Re Seyeg ASEN 5sa e e Ahe eeae manages this by continuing to make sure it maintains its existing income streams, and looking for new Euee ee cg Pee il bret, pant ewan” A Jet) or Seg, ot income streams to fund different activities, while keeping adequate reserves in order to even out short Mt te oe iereae ee ie term fluctuations in income. De Pi ae ee a i Risk Management bo The major activities and issues of the charity are subject to review at trustees' meetings. Where there are issues which have a material risk identified, all reasonable steps are taken to mitigate that risk. Te2Pe oeeR DRi ee = ARSericeee se Bel eee gh Be Lheeeed Bea Grant Making Policy The constitution gives the Trustees the right to give grants to successful applicants having fulfilled all Se att,She gig Se lees Sie Oh aT PRS he bate conditions stipulated for such grants. All grants are made in accordance with the charity's objectives. Ctee eS ae Pn er ne tet Lt[nets] SE ot Fae Pay of Key Management Personnel DES ee, Pay is set at arm's length according to industry norms, and kept under review by the trustees. NYT We A Sele Ee <9 OW Sete
Freehold Property Revaluation The last professional valuations of Numbers 89 and 91 was during the year to 31 oieSASheapsMonkeesBPlees Sa;SP ee pert Ee rs a AS[st ] December 2023 and eye! 1S the open market value at that date is shown in the accounts. Te ee ee | ee a ee er
4
THE PEOPLE'S CHRISTIAN FELLOWSHIP Le | 2023 TRUSTEES REPORT yas RE Peae Mika Tes A bey
Charitable Objectives and Focus for 2023 Seveteney MM Re, Sart | 7),
Sh The primary objective of the charity is to advance the Christian faith and other charitable objectives as determined by the trustees. ese 3 ANSre 2 aeey8 aie oe See ee ee Tena,FA Throughout 2023, our focus as a church has been to deepen our understanding and expression of "acceptable worship," inspired by principles drawn from Hebrews 12:28. We have sought to embody ed"tebe eea ME S aadaeH ke, RSrte Wiettvit-seeysEbge “) SMTet ted astet Pay worship beyond location and style, emphasising that worship is reflected in how we live, speak, and Wert LAL, © MO tee te ee BeSlET! iar serve one another. Worship, beginning in the heart, is fulfilled through actions of love and service that col eae EY NA hee deyot owe <P SA= in Meme ee te hye align with what is pleasing to God. eae Aa See Pea CATT Our core objective reflects the ethos of the Christian faith. It is essential to us that we continually support ae Derren the spiritual, moral, and social growth of our church and the surrounding community. This is achieved hts Letgee EEgst e Boa teeRRAT,nm, , Steeey HLee eee through teaching, pastoral care, and diverse activities that help to realise these aims. Yeeme cs. oe Seek ele el i OS en The various departments within the church have been instrumental in delivering on our objectives, as Ra es highlighted in the following overview of key activities conducted throughout the year. Co to BeSms ELC A 6 ie fer eeESer eee bre eee
ac Music Ministry Highlights aor ose
In 2023, the Music Ministry continued to play an essential role in fostering a worshipful atmosphere and DA[PS] strengthening community bonds within the church and beyond. The ministry supported worship services, See ONG RETeae eeRete es SeSy ileteyeset TR eypeBeatSe elet special events, and outreach programs, allowing individuals to experience and participate in collective ee ee See RT tle Sy Pp worship through music. Si Oe: | ME ot SA een 4 ote Worship Services and Special Events he, ates Fa gt a, Paps The choir and musicians were central to worship at weekly services, helping to create an engaging and eg Sete Pet ere ya yy, ye shui “1 tre ee ee spiritually enriching environment. They provided musical support during significant events in the church ee calendar, including Easter, Christmas, and special services held to celebrate key milestones. Through a WR ee ee ee ee ae blend of traditional hymns and contemporary worship songs, the music ministry accommodated diverse Th FRWE WSeeESEl BeareRien eRle RhSa MY Pe RAGee A, Nie Te Soe musical preferences within the congregation, fostering unity in worship. tee) MeO SokLeesacd a eae
See Children and Youth Programs MORESRE rtahiet. ot Creche and Children's Church eee een Fev
The Creche and Children's Church have continued to work alongside the Sunday School to teach i* val + = AOAC et Lam Wat ot “al Fe = Dee oes wide Yin r Pe ak so
foundational principles of the Christian faith in a manner suited to young children. Weekly attendance RS che ie eee Me eo te ey <= Fike meh 5 Poin Petts f
has been steady, with children engaging in interactive sessions, songs, and activities designed to make Ce eeA
biblical stories relatable and enjoyable. ae ie le a ©bi ee ee oY, Ge LS ers tag oP. # AL | : Sunday School and Special Events wee wee eset oe Sunday School provides an inclusive learning environment for children aged 2 to 18, helping them grow oe) ‘sur ee oe = 8 Powter Ripe es, EN bs J a Ye Ly in their faith and skills. Special celebrations for Mother's and Father's Day as well as a one-week per tileine eer 0 ny ae? eet ie Se 7 at oe
Vacation Bible School in August brought memorable experiences for children and families. we de ee Fe ge eee ee eg A ay ue
Youth Programs and New Initiatives
ae young adults. Programs such as Fuse Friday, Activ8, and illumin8 have provided spaces for young Under the guidance of our Youth Leader, the department hosted activities and workshops for teens and F peleLe 455 rere eh tas eee[Oe][en][4][ee][Teo][AY][8G][he] ys wale“et people to explore their f ea[ee] ee[ ee][a] a ith, address contemporary issues, and build supportive relationships. a f Bee[ae] a SR ee gg Neal et LH| at oteyBe a Ree
2 5
Family, Men's, and Women's Ministries Aon, RRA, al 25 hon | 5 A NM Marriage Fellowship ee | ea Workshops for couples continued, offering support for building strong relationships and family values. ee RT Ot es Bree. eet ed te Me Loe a aPe both married and unmarried individuals, addressing practical relationship-building skills. Special seminars were held throughout the year, featuring guest speakers and discussions tailored to AMR tee ORAM OE MERRY a RaeSOSe A =
Pee Ft Lifu ft At Ue 1 eaeTy OE
woe Men's Fellowship fen
The Men's Fellowship has provided a supportive space for men to grow spiritually and personally. fae ** Peedi Pa or Cae OCS Sere a} owe Saturday breakfast gatherings and weekly study groups have enabled men to engage in meaningful et eed Rig tand in" gag Pala. © Salutes i-e dd atk discussions on topics relevant to faith and daily life, as well as community outreach. app cA _ "wis pei_g * ee pi ee elie hs al Bh Rta Kingdom Women a Wh Fe | oe Kingdom Women has facilitated Bible studies, fellowship events, and wellness-focused gatherings, eei ee Pe encouraging women to deepen their relationship with God and one another. Highlights included seineCee community dinners, and health workshops, fostering both spiritual and physical wellbeing. taalBeeeeML PEnit aee oeee e eeSP a e eele.bt ledneetsa 0 PCF Statistics for 2023 * er! Gah • Child Dedications: 5 ue OE |
-
Funerals officiated by PCF: 3 (additional 8 external)
-
2 ORCA AA TEE ST rT Rats • » Ree Weddings: 2
-
(ae Baptisms: 6 lone
Summary ees | As a church, our goal is to see lives transformed by faith, encouraging both spiritual growth and active engagement in service. We aim to support our community and serve in ways that reflect God's love and eeNe eeenoe we hieee ee vet tee ao,i Mhde “fre he aoeven ger purpose. Looking forward, we are committed to expanding our outreach and enhancing the impact of our TN eel I eR te ne AA A AE rad oad 2 Pe programs to meet community fully needs and support spiritual growth, with the intent to surpass past ee eeee en ee eh ee aee od accomplishments. “Te The members of the board of Trustees of the Charity are: eR>IIIE A. aeOe toe tywa Ley Mr Colin Dash (Chairman) Ms Charmaine John-Walden (Secretary) Mr Ely Holborough (Treasurer) x2 Mr Anthony Hylton ee tn ee | - Mr Stephen Hall oFere Ms Donna Grant Te te taeBer | |
a 6
THE PEOPLE'S CHRISTIAN FELLOWSHIP
TRUSTEES' REPORT (cont'd) FOR THE YEAR ENDED 31 [s][t ] DECEMBER 2023
Statement of Trustees Responsibilities
Law applicable to charities in England and Wales requires the Board of trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the financial year in preparing those financial statements giving true and fair view, the Board of trustees should follow best practice and:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgement and estimates that are reasonable and prudent;
-
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to assume the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and enable them to ensure that the financial statements comply with the Cha rites Act 2011, The Charity (Accounts and Reports) Regulations 2008, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions,
The Board of Trustees approved this report on 31[th ] October 2024
----- Start of picture text -----
Signed by
Mr. Colin Dash Chairman
----- End of picture text -----
7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PEOPLE'S CHRISTIAN FELLOWSHIP
I report on the accounts of the charity for the year ended 31[st ] December 2023, which are set out on pages 11 to 20.
Responsibilities and basis of report
The Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). The Charity's Trustees consider that an audit is not required for this year under Section 144(2) of the Act and that an independent examination is needed.
I report in respect of my examination of the charity's accounts on pages 13 to 23 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.
The Charity is preparing accrued accounts and I am qualified to undertake the examination by being a Public Accountant of the AFA and licensed member of the AAT and authorised to prepare Independent examiners' statement.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
(1) the accounting records were not kept in accordance with section 130 of the Charities Act; or (2) the accounts did not accord with the accounting records; or
(3) the accounts did not comply with the applicable 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.
There are no material uncertainties about the charity's ability to continue as a going concern
Ishmael Owarish FMAAT AFA FAIA I Owarish & Co - Accountants Limited 1 Cheapside North Circular Road Palmers Green London N13 5ED
Financial Accountants and Registered Independent Examiners
Date: 31/10/2024
slde North Circular Road PalmersGreen London N135ED lnfo@lowarlsh.co.uk Tet 820 8149 4717; Meh: 87828116 55918748 819193 lsh & Co Accountants Ltd Accountants• Compliance and Tax Planning
8
THE PEOPLE'S CHRISTIAN FELLOWSHIP
STATEMENT OF FINANCIAL ACTIVITIES F OR THE YEAR ENDED 31 [8T ] DECEMBER 2023
| Restricted | Restricted | ||||||
|---|---|---|---|---|---|---|---|
| Recommended categories by activity |
Notes | Unrestricted funds |
income funds |
income | Endowment funds |
Total Funds 2023 |
Total Funds 2022 |
| £ | £ | £ | £ | £ | |||
| Incoming resources | |||||||
| Donations and legacies | 2 | 196,275 | 196,274 | 184,824 | |||
| Charitable activities | 3 | 20,475 | 20,475 | 2,599 | |||
| Investments | 4 | 11,800 | 11,800 | 14,400 | |||
| Other | 5 | 3,308 | 3.308 | ||||
| Total | : | : | 201,--824 | ||||
| Resources expended | |||||||
| Expenditure on: | |||||||
| Raising funds | 6 | 29,740 | 29,740 | 59,408 | |||
| Charitable activities | 7 | 226,885 | 5,558 | 232,443 | 177,149 | ||
| Other | 8 | 5,849 | 5,849 | 1,237 | |||
| Total | .262,.ill | 5,998 | : | 268,032 | 237.194 | ||
| Net | |||||||
| income/(expenditure) before investment |
(30,616) | (5,558) | : | (36,174) | (35,970) | ||
| gains/(losses) | |||||||
| Net income/(expenditure) |
(30,616) | (5,558) | : | (36,174) | (35,970) | ||
| Other recognised | |||||||
| gains/(losses): | |||||||
| Gains and losses on | |||||||
| revaluation of fixed | - - |
- - |
- | :: | |||
| assets | |||||||
| Net movement in funds |
(30,616) | (5,558) | : | (36,174) | (35,970) | ||
| Reconciliation of funds: | |||||||
| Total funds brought forward at 1 .1 .2023 |
2,966,893 | 5,598 | - - |
2,972,451 | 3,005,158 ~~cee Pee~~ |
||
| Total funds carried forward at 31.12.2023 |
2,936,277 | .:: | : | 2,936,207. | 2,969,188 |
9
The net movement in funds referred to above is the net incoming resources as defined in the statement of Recommended Practice for Accounting and Reporting by the Charity Commissioners for England and Wales and is reconciled to the total funds as shown in the Balance Sheet on page 15 as required by the said Statement.
All activities derive from continuing operations.
The notes on pages 14 to 20 form an integral part of these accounts.
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES FORTHE YEARENDED 31.00 ST DECEMBER 2023 = 2023 2022 Excess/ (Deficit) of Income over Expenditure before Realisation of Assets (£30,616) (£35,97Q)
Revaluation of Freehold Land & Property
There were no recognised gains or losses for the year or the prior year that are not included above. None of the Charity's activities were acquired or discontinued in the above two years. The notes on pages 12 to 20 form an integral part of these accounts.
10
BALANCE SHEET AS AT 31[ST ] DECEMBER 2023
| Recommended | Unrestricted | Restricted | Endowment | Endowment | Total Funds | Total | ||
|---|---|---|---|---|---|---|---|---|
| categories by | Notes | funds | income funds | income funds | funds | 2023 | Funds 2022 | |
| activity | £ | £ | £ | £ | £ | |||
| Fixed assets | ||||||||
| Tangible assets | 9 | 2,774,283 | 2,774,283 | 2,780,940 | ||||
| Total fixed assets | 2,774,283 | 2,774,283 | 2,780,940 | |||||
| Current assets | ||||||||
| Stock | ||||||||
| Debtors | 10 | 1,706 | ||||||
| Cash at bank and in hand |
169,818 | 169,818 | 196,647 | |||||
| Total current assets |
169,818 | 169,818 | 198,353 | |||||
| Creditors: | ||||||||
| amounts falling due within one |
11 | |||||||
| year | ||||||||
| Bank | (942) | (942) | (1,272) | |||||
| Trade Creditors | (3,138) | (3,138) | (3,358) | |||||
| Accrued Expenses | (1,308) | (1,308) | (5,474) | |||||
| Total current Liabilities |
(5,388) | (5,388) | (10,104) | |||||
| Net current assets/(liabilities) |
164,430 | 164,430 | 188,249 | |||||
| Total assets less current liabilities |
2,938,713 | 2,938,713 | 2,969,189 | |||||
| Total net assets or liabilities |
2,938,713 | 2,938,713 | 2,969,189 | |||||
| Capital Reserve | ||||||||
| Capital Account | 1,285,000 | |||||||
| Retained Earnings | 278,562 | |||||||
| Revaluation Reserve |
1,405,767 | |||||||
| Total | 2,969,329 | |||||||
| Less losses in year |
(30,616) | |||||||
| Total funds | 2,938,713 | .:: | - | 2,938,713 | 2,969,189 | |||
| 11 |
Reconciliation Unrestricted General 247,946 Restricted General Unrestricted Capital Fund. 2,690,767 Total funds 2,938,713
The Board of Trustees are satisfied that the organisation is not required to have an audit of the organisation by virtue of its level of turnover and by virtue of any requirement under its constitution or otherwise.
The Board of Trustees also acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out under 'Trustees responsibilities' in the report of the Trustees.
The financial statements were approved for signature by the Board of Trustees on 31-0ct-2024 and signed on its behalf by:
Mr. Colin Dash
Chairman
12
NOTES TO THE FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
a) Accounts Preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 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. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Report) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued 16 July 2014 rather than the Accounting and Reporting By Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The People's Christian Fellowship 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.
The organisation has taken advantage of the exemption in financial reporting standard no.1 from the requirement to produce a cash flow statement.
The charity is entirely dependent on continuing donations and offerings as a consequence of the going concern. The particular accounting policies adopted are set out below.
b) Accounting convention
The financial statements are prepared on a going concern basis under the historical cost. convention as modified by the revaluation of the freehold land and buildings and fixed asset investments.
c) Incoming resources
Incoming resources are accounted for on a receivable basis deferred where appropriate. Rental income is included in the Income and Expenditure Account net of collection charges on a receivable basis.
d) Investment Income
Bank interest is included in the Income and Expenditure Account on a receivable basis. The interest arises from bank accounts in the UK.
e) Recognition of Liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and reporting issued by the Charity Commissioners for England and Wales
13
THE PEOPLE'S CHRISTIAN FELLOWSHIP ~~neeee eS eee~~
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[8T ] DECEMBER 2023
f) Charitable Expenditure
Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following:
-
Costs of raising and generating funds
-
The cost of raising and generating funds comprises of the costs of fundraising activities
-
Activities in furtherance of the charity's objectives
-
The cost of activities in furtherance of the charity's objectives represents the cost of goods and services and ancillary trading costs that have been incurred in charitable activities.
Management and Administration
costs represent expenditure incurred in the management of
the charity's assets, organisational and administration and compliance with charitable and statutory requirements.
g) Allocation of costs within tpes of Resources Expended
The charity's operating costs are allocated between types of resources expended on the basis of estimates made by the Trustees.
Administration expenditure includes all expenditure not directly related to direct charitable activity. In respect of certain items of expenditure, it is a matter of judgement as to whether such items are direct charitable expenditure or are administrative and the Trustees have applied what they consider to be reasonable judgements in apportioning such costs.
- h) ~~eee~~ Fund Accounting details the funds and purpose of each fund:
Capital Account
This represents the original capital of the Charity and accumulated growth. There are no restrictions to its use, and the Trustees try to maintain this at a level which will generate sufficient income to cover annual expenditure.
Income Account
This represents accumulated income over the year, less annual expenditure. The fund is primarily used to meet the annual expenditure and generate further income.
i) Fixed Assets and Depreciation
Property Numbers 89 and 91 were valued by Leo Horsfield Surveyors, a firm of Chartered Surveyors and RICS Registered Valuers.
Other tangible fixed assets are stated at cost less depreciation.
Depreciation has been provided at the following rates in order to write off the assets (less their expected residual value) over their estimate's useful economic lives.
A regular annual review of the likelihood of asset impairment is undertaken.
Equipment and Plant Motor Vehicles
25% Straight Line 25% Straight Line
14
j) Stock Valuation
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
k) Taxation
As a registered charity, the organisation is exempt from Income and Corporation Tax to the extent that its income and gains are& applicable to charitable purposes only. Value Added Tax is not recoverable by the organisation and
is therefore included in the relevant costs in the Statement of Financial Activities.
2 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar object to the charity.
3. NET INCOMING RESOURCES BEFORE TRANSFERS
This is stated after crediting:
3 Donation and Legacies
| Analysis | Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds Total funds 2023 |
Total funds Total funds 2022 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| Donation and gifts |
196,275 | 196,275 | 184,825 | ||
| Total | 196,275 | 196,275 | 184,825 |
4 Income from Charitable Activities
| Un restricted Analysis funds |
Restricted income funds |
Endowment funds |
Total funds Total funds 2023 2022 |
|---|---|---|---|
| £ £ |
£ | £ | £ £ |
| Sales income 20,475 |
20,475 2,599 |
||
| ooo SS —aEooooooeeeeeeeeeeowww=*"=oooS=~=q~q=q~q~q~~0nmo |
—aEooooooeeeeeeeeeeowww=*"=oooS=~=q~q=q~q~q~~0nmo | —aEooooooeeeeeeeeeeowww=*"=oooS=~=q~q=q~q~q~~0nmo | —aEooooooeeeeeeeeeeowww=*"=oooS=~=q~q=q~q~q~~0nmo SSS» |
| Total 20,475 |
20,475 2,599 |
15
5 Income from Investments
| Analysis | Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds 2023 |
Total funds 2022 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| Interest income | 52 | ||||
| Rental and leasing income |
11,800 | 11,800 | 14,400 | ||
| 8686ekR—w—Ss$0—ooo | ooo | ooo | ooo | ooo | ooo |
| Total | 11,800 | 11,800 | 14,452 |
6 Other Income
| 6 Other Income |
||||||||
|---|---|---|---|---|---|---|---|---|
| Analysis | Un restricted | Un restricted funds |
Restricted income funds |
Endowment funds |
Total funds Total funds 2023 2022 |
|||
| £ | £ | £ | £ | £ | £ | |||
| Other | 3,308 | |||||||
| Goo | OOOO | eee | eee | |||||
| Total | 3,308 |
7 Expenditure on Raising Funds
| Analysis | Total funds 2023 | Total funds 2022 |
|---|---|---|
| £ | £ | £ |
| Support Costs | 3,096 | |
| ——$&Kéahas— ——— —EooEooEooEEE ES |
ee | |
| Total | 3,096 |
8 Expenditure on Charitable Activities
| Analysis | Total funds 2023 | Total funds 2022 | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Charity management & administration |
43,147 | 40,681 | ||
| Charity running cost | 21,411 | 16,453 | ||
| Cost of services | 5,583 | 666 | ||
| Donations | 29,740 | 25,757 | ||
| Printing and stationery |
2,896 | 2,571 | ||
| Bank charges | 1,281 | 962 |
16
Support Costs
80,528
Total 104,058 167,618
| 9 Support Costs |
|||||
|---|---|---|---|---|---|
| Analysis | Total funds 2023 | Total funds 2023 | Total funds 2023 | Total funds 2022 | |
| £ | £ | £ | |||
| Wages and salaries | 146,797 | 151,418 | |||
| Governance Costs | |||||
| Independent examiners fees | Independent examiners fees | 3,240 | |||
| Accountants fees | 1,400 | 691 | |||
| RaeaEGyuqQquqCuqQQQQqqq—qununauaee | ee | ssSsSssssssss“=—$—$éOnaso | sss | SSS | |
| Total | 148,197 | 155,349 |
10 Other Expenditure
| Analysis | Un restricted funds |
Restricted income funds |
Endowment funds |
Total funds 2023 |
Total funds 2022 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| Other Expenditure | 466 | 5,674 | 6,140 | 250 | |
| Depreciation of Owned Fixed Assets |
6,657 | 6,657 | 7,502 | ||
| IIIa eee |
eee | eee | eee | eee | eee |
| Total | 7,123 | 5,674 | 12,797 | 7.752 |
11 Tangible Fixed Assets 1 0.a Cost or valuation
| Freehold Land & Buildings |
Plant & Machinery |
Motor Vehicles | Fixtures & Fittings |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| At 01 January 2023 |
2,765,000 | 173,077 | 21,377 | 10,043 |
| Additions | ||||
| Disposals | ||||
| Revaluations | ||||
| aoa | aoa | aoa See |
aoa | |
| At 31 December 2023 |
2,765,000 | 173,007 | 21,377 | 10,043 |
17
12 Depreciation and impairments
| Freehold Land& Buildings |
Plant& Machinery |
Motor Vehicles | Fixtures& Fittings |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| At 01 January 2023 |
167,604 | 21,376 | 6,234 | |
| Additions | ||||
| Disposals | ||||
| a6aNae30—oOOOOOO | ||||
| At 31 December 2023 |
167,604 | 21,376 | 6,234 |
13 Net book value
| Freehold Land& Buildings |
Plant& Machinery |
Motor Vehicles | Fixtures& Fittings |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| At 01 January 2023 |
2,765,000 | 5,473 | 1 | 3,809 |
| SSSOe | Oe | Oe | Oe | |
| At 31 December 2023 |
At 31 December 2,765,000 |
5,473 | 1 | 3,809 |
14. Debtors: Amounts falling due within one year
| Total funds 2023 | Total funds 2023 | Total funds 2022 | Total funds 2022 | |
|---|---|---|---|---|
| £ | £ | |||
| Prepayments & accrued income | 3,100 | 1,706 | ||
| eee | SSS | SSS | ||
| Total | 3,100 | 1,706 |
15. Creditors: Amounts falling due within one year
| Total funds 2023 | Total funds 2023 | Total funds 2022 | Total funds 2022 |
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 942 | 1,272 | |
| Trade creditors | 3,138 | 2,600 | |
| Accruals expenses | 1,309 | 4,625 | |
| Taxation and social security | 28,702 | ||
| ooo OOoOooaoqoqoq~«~®q |
OOoOooaoqoqoq~«~®q | OOoOooaoqoqoq~«~®q eee |
OOoOooaoqoqoq~«~®q eee |
| Total | 5,389 | 37,200 |
18
oie? 16. Staff | 2023 _ 2022 Era Gross Wages & Salaries 4 ee £128,339 £139,975 re moby Employer's NI ites a £. 11,434 ah = £ 11,443 The average number of staff is: Ste 5 (2023) 6 (2022) ee Me, ee le
a. 17. Trustees Remuneration and Expenses Sera Bet Tite
The Trustees are not remunerated and are not reimbursed for any expenses apart from C J Walden (see not “ne oor _ Sea ah A el a HE a te Ty 17 below) 2 18. Bae Presentation Currency = ae ee |
The accounts are presented in British Pounds Sterling ‘te Site ay ee SS : PPS ayy
19. om Other Information gt Pel ge
The People's Christian Fellowship is a charity registered in England and Wales. Its registered SlF Office and gg maoet ea Mi vi cee ie Me. Bae2 Ls Principal place of business is: ie
ee 89 Broad Lane Tottenham aa London N15 4DW orfie # Suk
SK 20. Seer Related Party Transactions gr, = Sane Brit
C Walden Salary £14,207, Pension Contributions £290 (2022 - Salary £14,207, Pension Sw ey ea _ ee Contribution £290) Fone? Pekar” - ee ee ee Se eo Trustee a CJ Walden ya Spouse of Trustee Fer Piero Salary £Nil. Pension Contributions (Nil) (2022 - Salary £4,260, Pension Contributions £Nil aan ee era ee | D Daniel Pastor Salary £20,000, Pension Contributions £444 (2022- Salary £20,000, Pension Contributions £444) eratais) Direct relation of pastor hy mati “late we le A eK A IN Se eek PH iS | ao J Daniel ar mob Salary £1 Nil, Pension Contributions £Nil (2022 - Salary £12,500, Pension Contributions £Nil) BSc: 5 =ee,
Direct relation of pastor So ee Us re All salaries are paid at arm's length according to market norms and services provided. These are 5 oS Ale ite i Re let YT AS ietee
kept under by the other trustees. Sy: Te at eet iy bee fi
19 :