2024-03-31-accounts

Clevedon Family Church Clevedon Family Church Annual Report and Financial Ststements for the Year Ended 31 March 2024

Charity registration number: 1039853

Contents (eontinued) Reference and Administrative Details Tn￿lees, Report 2to3 Statement of Trustees, Responsibilities Independent Examinefs Report Statement of Finan¢ial Activities Balance Sheet Note5 to the Financial Statements 8t020

Clevedon Family Church Referenee and Administrative Detsils Trustees Mr S A Douglas Mr R J Douglas Mr T Madsen MrCSSims Mr M W Douglas Mr l Loring 1039853 Charity Registration Number Principal Office Elton House Albert Road Clevedon North BS217RR Somerset Independent Examiner Newsham Hanson Accountants Limited Edinburgh House 1-5 Bellevue Road Clevedon North Somerset BS217NP Page I

Clevedon F2miIy Church Trustees, Report The trustees pre5¢nt the annual report together with the financial statements of the charity for the year ended 31 March 2024. Objectives and activitie$ Public benefil In setting our objectives and planning our activities our Governors have given careful consideration to the Charity Commission's public benefit guidance. Our key objectives for the year included: • the furtherdnce of wellbeing to the local community. . to present the full Gospel of c1￿1$t to our world by all mean4 and equipping His follower5 for His service. The t￿Ste¢S confirni that they hav¢ complied with the requirements of section J 7 of the Charitie5 Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Structurei governance and management NaÉiire ofyoveniing docuinenl Clevedon Family Church is Constituted under a tN5t deed dated 3rd July 1994 as amended 20th September 2015 and is a registered charity no 1039853. Recruilnieiii and appoiiiimenl oflrHsiees The trustees who have served during the year and since the year end are set out above. Trustees are appointed by the Board Of Trustees. Organlsallonol slriicliire The Clevedon Family Church operdtes a Church in the tomm of Clevedon. The purpose of the Church is.. The advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Clevedon and surrounding neighbourhood. and such other charitable purposes as shall, in the opinion of the managing trustees, further the work of the Church. Renovations to the premises that the Church operates in have been funded, in part, by legacies and donatioTJs made in previous years. Legacies have been received from David Addy and Roger Laughton totalling £73.068. Donations have been made from Chadwick Holdings Limited, in particular Woodlands Hall that had a value of £78,000 when 591d. Financial instruments Objeelives a?Idpolieies The Trustees have assessed the major risk5 to which the Charity 15 exposed. in particular those related to the operations and fjnances of the Church, and are satisfied that systems and proc¢dures are in place to mitigate our exposure to the major risks. Page 2

Clevedon Family Church Trustees, Report (continued) The annual report wa5 approved by the trustees of the charity on 6 November 2024 and signed on its behalf by: Mr C S Sims Trustee Page 3

Clevedon Family Church Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees. Teport and the fmancial statements in accordance with the United Kingdom Accounting Standards (Uni*d Kingdom Generdlly Accepted Accounting Practice) and applicable law and regulattons. The law applicable to charities requires the tNstees to prepare fmancial statements for each flnancial year which give a true and fair view of the state of affairs of the charity and of the incorning r¢souw¢s and application of resources of the charity for that period. Jn preparing these flnancial statements, the trustees are required to." select suitable accounting policies and then apply them consistentty; observe the methods and principles in the Charities SORP; make judgernents and estimates that are reasonable and prndent; state whether applicable aceountÉng standards have been followed, subject to any material departures dlsclosed and explained in the financial statements. and prepare the financial statements on the goino concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the flnancial ststements comply with the Charities Act 201 I, the Charities (A¢¢ounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the chaTity and hence for tak.ing reasonable steps for the prevention and dete¢tion of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and fmaDcial information included on th¢ charitable company's website. Legislation governing the preparation and dissemination of fmancial statements may differ from legislation in other jurisdictions. Approved by the tNstees of the charity on 6 November 2024 and SI￿¢d on its behalf by: Mr C S Sims Trustee Independent Examiner's Report to tbe trustees of Clevedon Family Church I report to the trusiees on my examination ofthe accounts of Clevedon Family Church for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of Clevedon Farnily Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Clevedon Family Churth'5 a￿oUnts carried out under sectlOD 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sKtion 145(5)(b) of the ACL Independent examiner's statement I have completed my examination. I confirm that no matsrial matters have come to my attention in connection with the examination givinD me cause to believe that in any material respect:

Clevedon Family Church l. accounting records were not kept in respect of Clevedon Family Church as required by section 130 of the 2. the accounts do not accord with those records" or 3. the accounts do not comply with the a¢¢ounting requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other tban any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. E have no concerns and have come across no other rnatters in connection with the examination to which attention should be drdwn in this report in order to enable a proper understanding of the accounls to be reached. Newsham Hanson Accountants Limited ACCA Edinburgh House 1-5 ljellevue Road Clevedon North BS217NP Somerset 6 November 2024 Statement of Finaneial Activities for the Year Ended 31 Mareh 2024 Unrestrlcted funds Total 2024 Note Income and Endowments from: Donations and legacies 76,293 76293 Other trading activities 3,589 3,589 Investment income 524 524 Total income Expenditure on: Charitable activities (74,967) (74,967) Page S

Clevedon FAmily Church Total expenditure Net income Net movement in funds 5,439 5,439 Reeon¢iliation of funds Total funds brought forward 77,593 77,593 Total funds carried forward 16 Unrestricted funds Total 2023 Income and Endowments from: Donations and legacies Lyote 43,980 43,980 Other trading a¢tiviti¢s 2,801 2,801 Total income Expenditure on: Charitable activities (63.902) (63,902) Total expenditure Net expenditure Net movement in ￿ndS (17.121) (17,121) Reeonciliation of funds Total fvnds brought forward 94.713 94,713 Total ￿ndS carried forward 16 All of the charity's activities derive from continuing operations during the above two periods. Page 6

Clevedon Famlly Church The notes on pages 8 to 20 fonn an integrdl part of these ffftancial statements. Notes to the Finaneial Ststements for the Year Ended 31 March 2024 l Accounting policies Statement of compliance The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The fmancial Statements have been prepared in accordance with the Statement of R¢commended Practice: Accountino and Reporting by Charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in thc United Kingdom and Republic of Ireland (FRS 102) and Charities A¢t 2011. Basss of preparation Clevedon Family Church meets the definition of a public benefit entity under FRS 102. The accounts (Financial statements) have been prepared under the historical cost conventlOD with items reCO￿lsed at cost or trnnsaction value unless otherwise stated in the relevant note(s) to these accounts. Golng eoncern The trustees consider that there are no material uncertainties about the ¢harity'S ability to continue as a going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general ature is re¢ognis¢d when the charity has entitlement to the income, it is probable that the income will be received and the amount ran be measured with suffxcient reliability. Donalioiis aiid legocles Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Ipivestmeiil Incoine Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure is recognised once there 15 a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that a￿Ore0ate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with tbe use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Page 8

Clevedon Family Church Cliaritable aelivifies Charitable expenditure comprise5 those costs incurred by the charity in the delivery of its activities and service5 for its benefEciaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 9

Clevedon Family Church Notes to the Financial Ststements for the Year Ended 31 March 2024 (continued) Support costs Support costs include central functions and have been allocated to activity cost cate(yories on a basis consistent with the use of resources, for exaEnple, allocating propety Costs by floor areas, or per capita. staff costs by the tirne spent and other costs by their usage. Taxatlon The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charilable company for UK corporation t&X PUTposes. Accordingly, the charlty is potentially exernpt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to th¢ extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1 00.00 or more are inttially recorded at cost. Depreeiation And amorti$ation Depreciation is provided on tanoible fixed assets so a5 to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: A$set class Fixtures & Fittings - leasehold improvements FiX￿reS & Fittings ChuKh & OIYi¢e Equipment Depreciation method and rate over the tenns of the lease ] 50/0 reducing balance basis 15 % reduclng balance basis Trade debtors Trade debtors are amounts due from custorners for merchandise sold or services perfornled in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost usÈng the effective interest method. less provision for impairn)ent. A provision for the impainnent of trade debtors is established when there is objective evidence that the Charity will not be able to colle¢t all amounts du¢ according to the original tems of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other 5hort-terni highly liquid inveslments that are readily conv¢rtible to a known amount of casb and are subject to an insignificant risk of change in value. Trade creditors are obligations to pay for goods or S¢Tvices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have aT] unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, tliey are presented as non-Cu￿nt liabilities. Page 10

Clevedon FamAty Church Notes to the Financial Statements for the Year Ellded 31 Mareh 2024 (eontinlled) are recognised initially at the transaction price and subsequently measured at amorti5ed cost using the effective interest method. Borrowings Interest-bearing borrowin￿(￿ are initially recorded at fair value. net of transaction costs. Interest-bearing borrowing5 are subsequently catried at amortised cosl with ihe difference beNieen the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activitieg over the period of tbe relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges, Borrowings are classified as current liabilities unless the charity has an unconditional light to defer s¢ttlement of the liability for at least twelve months after the reporting date. Fund structure Unrestrficted income funds are general futlds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds Set aside for specific pU￿oseS at the discretion of the trustees. A sinking fund was created as a contingency fund to cover large repairs of the building in which it operates. Financial instruments Classlficollon Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instNment is any Contract that evidences a residual interest in the assets of lh¢ charity after d¢ducting all of its liabilities. Recogiiition and measuremenl All financial assets and liabilities are initially measured at transa¢tion price (including transaction costs). except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair valu¢ (which is nomially the transaction price excluding transaction costs), unless the arrdngernent constitutes a financincv transaction. If an arrdngement constitutes a financing trdnsaction, the financial asset or financial liability is measured at the present value of the future payments dxscounted at a market rate of interest for a similar dcbt instrument. Financial assets and liabilities are only offset in the ststement of financial position when, and only when there exists a legally enforceable right to set off the recognised amourjts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and onty when a) the contrdCtua] Tights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another paty substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, ha5 transferred control of the asset to another paty. Pagell

Clevedon Family Church Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Financial liabilities are derecognised only when the obligation specified in the contract is discharge(L cancelled or exptres. Debi ijislrumenls Debt instruments which meet the following conditions are subsequently measured at amorti5ed cost using the effective interest method: (a) The contrdGtual return to the holder 15 (i) a fixed amount" (li) a positive fixed rate or a positive varÈable rate. or (iii) a combination of a posltive or a negative flxed rate and a positive variable rate. (b) The Contract May provide for repayments of the principal or the return to the holder Ibut noi boih) ￿ be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. (c) The contract may provide for a deterniinable variation of the re￿rn to the holder durtng the life of the instrumenL provided that (i) the new rate satisfies condition (a) and the variation is not Contingent on futUTe events other than (l) a change of a contractual variable rate. (2) to protect the holder against credit deterioration of the issuer. (3) Changes in levies applied by a central bank or arising from changes in relevant taxation or law, or (li) the new rate is a market rate of interest and satisfies condition (a). (d) There is no ¢ontra¢tual provision that could, by its terns result in the holder losing the principal amount or any interest attributable to the current period or prior periods. (e) Contracttjal provisions that pern)it the issuer to prepay a debt instrument or perniit the holder to put it back to the issuer before maturity are not contingent on future events. other than to protect the holder against the credit deteriordtion of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law. (fj Contractual provisions may pennit the extension of the terni of the debt instniment, provided that the return to th¢ holder and any other contractual provisions applicable during the extended terni satisfy the conditions of paragraphs (a) lo (G). Debt instruments that are classified as payable or receivable within one year on initial recognition end which meet the above conditions are measured at the undtscounted amount of the cash or other consideration expected to be paid or received. net of impairnient. With the exception of some hedging instruments. otherdebt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which rnay b¢ nil) less impairnient. Jiyvestmeiits Investments in non-convertible preference shares and non-puttable ordinary or Preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value throu￿1 profit or loss. Where fair value cannot be measured reliably, investtnents are measured at cost less impairnient. Page 12

Clevedon Family Church Notes to the Financial Staten)ents for tbe Year Ended 31 March 2024 (continued) Investments in subsidiaries and associates are measured at cost less impairn)ent. For investtnents ID subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other ronsideration. Any premium is ignored. Fair value measuremenl The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long a5 there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation te¢hnique. Page 13

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Clevedon Family Church Notes to the Financial Statexnents for the Year Ended 31 March 2024 (continued) 6 Analysis of support costs Raising funds expenditure Costs of trading 8elivities Total 2024 Basis of allo￿tiOn Support costs alloeated to charitable activities Premlses costs CovernaneeAdmini$tration including Costs costs depreciation Other support costs Basis ofallocatlon 100 Clev¢don Family Church 1.798 1,907 34,968 2,863 Total for 2023 Totsl funds Clevedon Family Church 41,536 Total for 2023 Basis of alloeation Reference Clevedon Family Church: Method of allocation the establishment and running costs of the Church Premises have been full allocated in the year to Clevedon Family Church 7 Net incoming/outgoing resources Net incomin￿(OutgoIng) re50ur¢es for the year include: 2024 2023 £ £ 690 Depreciation of fixed assets 812 8 Trustees remuneration and expense5 During the year the charity made the following transactions with trustees: MrCSSims £700 (2023.. £Nil) of ¢xpense5 were reimbursed to Mr C S Sims during the year. Page 18

Clevedon Family Church Notes to the Fin2neial Statements for the Year Ended 31 March 2024 (continued) During the year, the following amounts were paid in resp¢ct of reimbursed expenses". NIA 9 Taxation The Charity is a registered charity and is therefore exempi from taxatton. 10 Tanglble fixed assets Furniture and equlpment Totsl Cost At l April 2023 270,615 270,615 At 31 March 2024 Depreciation At l April 2023 Charge for the year 258.384 1,834 258,384 1,834 At 31 March 2024 Net book value 10,397 10,397 At 31 March 2024 At 31 March 2023 Debtors Other debtors 12 Cash and Cash equivalent5 7237 6,678 2024 2023 Cash on hand Cash at bank loo 66,338 loo 58,410 13 Creditors: amounts falling due within one year 2024 Other creditors 2023£ £ (1,316) 142 Pension scheme creditor Page 19

Clevedon Famity Chureh Notes to the Financial Statements for the Year Ended 31 March 2024 {continued) Accruals 1,000 (174) 14 Control The Charity is controlled by the Trustees. 15 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Current ￿setS Current liabilities 10,397 13,185 (1,040) 10,397 13,185 (1,040) Total net assets Unrestricted funds Ceneral Total funds at 31 March 2023 Tangible fixed assets Current assets Current liabilities 12.230 65.188 174 12,230 65,188 174 Total net assets Funds Balance at I Incoming April 2023 resources Resources expended Balance at 31 March 2024 Unrestricted General 72,158 80,406 (74,967) 77,597 Sinking fund for building repairs 5.435 5,435 Total fund5 17 Related party transactions During the year the charity made the following related paty transactions: Chadwick Holdings Limited (Chadwick Holdings Limited owns the building the Church operntes in. to which the TTUSt¢e Mr M W Douglas is a director.) Page 20

Clevedon Family Church Notes to the Financial Statements for the YeAr Ended 31 March 2024 {continued) There is no rent charge payable for the year ended 31 March 2024. Donations of £2,550 were received from Chadwick Holdings Limited. . At the balance sheet date the amount due tolfrom Chadwick Holdings Limited was £Nil (2023 - £Nil). Page21

Clevedon Family Chureh l Non4tatutory disclosure A further analysis of the total resources expended in the year is shown below. Clevedon Family Church Youth Groups Sumrner Camp Pastoral Care Total Direct Costs Costs of goods sold Direct charitable activities Employment costs Subscriptions and Donations 8,089 2.956 11.141 13.619 13,619 3,923 3.923 Sundry and other costs 2,479 2.479 Advertsing and promotion Depreciation tangible fixed assets 1,125 1,125 of 1,145 1,145 Page 22

30J79 Cle6￿6￿ Family Church 96 33,431 Support Costs Establishment costs Repairs & Maintenance 18.824 18,824 Office expenses Subscriptions memberships Sundry and other costs Cleaning Independent Examinerfs fees 11,825 11.825 and 1,907 1,907 1,197 1,197 790 790 Legal & professional fees 3.629 3,629 Depreciation tangible fixed assets 1.798 1,798 876 876 690 690 The notes on pages 8 to 20 forni an integral 41,536 41,536 part of these financial statements. Page 23