Charity registration number 10398531England and Wales) CLEVEDON FAMILY CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 • xeinadin
CLEVEDON FAMILY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S A Douglas Mr R J Douglas Mr T Madsen MrCSSims Mr M W Douglas Mr l Loring Charlty number {England and Wales) 1039853 Prlnclpal address Efton House Albert Road Clevedon North Somerset BS217RR Independent examiner Xeinadin South Wales & West Lirnlted Edinburgh Hous6 1-5 Bellevue Road Clevedon North Somerset BS217NP
CLEVEDON FAMILY CHURCH CONTENTS Page Trustees, report Independent examinees report Statement of financial activities Balance sheet Notes to the financial statements 7-13
CLEVEDON FAMILY CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The truslees present their annual report and financial statements for the year ended 31 March 2025. The financial statemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming document. the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accountlng and Reporting by Chartties.. 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)" Objectlves and actlvltles Our key objectives for the year inGluded: ' the furtherance of wellbeing to the local community: lo present the full Gospel of Christ to our world by all means. and equipping his followers for his serv1. Publlc benefit Thè trustees have paid due regard to guidance issued by the Charlty Commisslon in deciding what aclivilies the charity should undertake. Achievements and perforniance Significant activities and achievements against objectives The church continued its charitable work, within the lo1 cornmunity. Financial review Reserves policy It is the policy of the charity that unrestricted funds which have not been deslgnated for a specific use should be maintained at a level equivalent to bemieen three and six month's expenditure. The tnjstees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in whith addilional fvnds may be raised. This level of reserves has been maintained throughout the year. Structure, govemance and management Clevedon Family Church is constituted under a trust deed dated 3rd July 1994, as amended on 20th September 2015. and 15 a registered Charity in the UK (Charity number. 1039853). The trustèes who sepled during the year and up lo the date of signature of the financial statements were.. Mr S A Douglas Mr R J Douglas Mr T Madsen MrCSSims Mr M W Douglas Mr l Loring Recruitment and appointment oltmstees Trustees are appointed by the Board of Trustees. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribule £1 in the event of a winding up. Organisational stniGtu Clevedon Family Church operates a church in the tow of Clevedon. North Somerset. The purpose of the church is the advancement of the Christian faith in aGcordan¢e with the basis of faith, primarily (but not exdusively) wilhin Clevedon and the surrounding neighbourhood,. and such other charitable purposes as shall, in the opinion of the Board of Trustees. further the work of the church.
CLEVEDON FAMILY CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report was approved by the Board of TTUStees. MrCSSims Trustee Date..
CLEVEDON FAMILY CHURCH STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to Charities in England and Wales requires the trustees to prepare financlal ststements for each financial year which give a true and fair view of Ihe slate of affairs of Ihe charity and of the incoming resources and applicalion of resources of the chariiy for that year. In preparing these financial statements, the trustees are required to: select suitsble accounting policies and then apply them consistently- observe Ihe methods and principles in the Charities SORP-, make judgements and estimates that are reasonable and PTudent: state whether applicable accounting standards have been followed, subject to any matsrial departures disc105ed and explained in Ihe financial statements: and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any time the financial posiuon of the charty and enable them to ensure that the financial statements comply with the ChaTitie5 Act 2011, Ihe Charity {A¢¢ounls and Reports) Regulations 2008 and the provisions of Ihe trust deed. They are also responsible for safeguarding Ihe assets of the charity and hence far laking reasonable steps for the prevention and detection of fraud and other irregularities.
CLEVEDON FAMILY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLEVEDON FAMILY CHURCH I report to the trustees on my examination of the financial ststemenls of Clevedon Family Church (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordan with the requiremènts of the Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Direclions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examinerfs statement Your attention is drawn to the f8Ct that Ihe ¢harlty has prepared the financial stalements in accordance wilh the relevant version of Ihe Stslement of Recommended Practice applicable to charities preparing their financial ststernents in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preferense to the Accountsng and Reporting by Charities- Statement of Recofflmended Pracllce issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l undersland that this has been done in order for the financial statements to provide a true and fair view in aCrdanCe with UK Generally Accepted Accounting Practi. I have completed my examination. l e£Jnfimi thal no matters have come to my allention in connection with the examination giving me use to believe that in any material respect: accounting records were not kem in respecl of the charity as required by section 130 of the Charitles Act 2011. the financial statements do not accord with Ihose COrds., or the financial statements do not comply with the applicable requirements conceming the form and content of financial statements set oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial stslements give a true and fair view, which is not a matter considered a5 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 finanal stalemenls to be reached. Xeinadin South Wales & West Llmlted Edinburgh House 1-5 Bellevue Road Clevedon North Somerset BS217NP I{ Date..
CLEVEDON FAMILY CHURCH STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Unrestricted funds funds 2025 2024 Notes Income from: Donations and legacies Investments 60.248 1.353 79,882 524 Total Income 61,601 80,406 Expendltsirè on: Raising funds Charitable activities Total 11,254 11,141 59.385 63,825 Total expenditure 70,639 74,966 Net incomellexpenditure) and movement In funds {9,038) 5,440 Re¢on¢lllatlon of funds: Fund balances at 1 April 2024 83,032 77,592 Fund balances at 31 March 2025 73,994 83,032 The statement of financial activlties includes all gains and k>sse5 cOgnIsed in the year. All income and expendilure derive from continuing aclivilies.
CLEVEDON FAMILY CHURCH BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed a53ets Tangible assets 11 13,239 10,396 Current assets Debton8 Cash at bank and in hand 12 7.592 54,243 7,239 66,437 61.835 73,676 Creditors: amounts falling due within one year 13 (1,080) (1.040) Net current assets 60.755 72,638 Total assets less current liabllltles 73.994 83,032 The funds of the charity Unrestricted funds 14 73,994 83,032 73.994 83,032 The financial statements were approved by the trustees on .... ... Mrs Trustee ouglas rMWDougl Trustee
CLEVEDON FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infomiatlon Clevedon Family Church is a charity registered In the UK. Gharity number. 1039583. 1.1 AGcounting convention The financi81 statements have been prepared in aecordance with the charity's goveming document, Ihe Charities Act 2011. FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charilies preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" The charity is a Public 8enefft Entity 8s defined by FRS 102. The charfty has taken adwdntage of the provisions in Ihe SORP for charities not to prepare a statement of cash flows. The financial statement5 have departed from the Charilies (Accounts and Reports) Regulations 2008 only to the exient required to provide a tTue and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Slalement of Recommended Practice which 1$ referred lo in the Regulations but which has slnce been withdrawn. The financial statements are prepared in sterling, which Is the fijnctional currenGy of the charity. Monetary 8mounts in these financial statements are rounded to the nearest £. The finanGial statements have been prepared under the hlstorical cost convention, Imodified to include th8 revaluation of freehold properties and to indude inveslment properties and certain financial instrurnents at fair value]. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial ststements, the trustees have a reasonable expe¢tallon Ihat the charity has adequate resources to continue in operational existence for the foreseeable futur&. Thus the trustees continu8 to adopt the golng COnM basis of accounting in preparing the financial statements. 1.3 Charltable fund8 Unrestricted funds are available for use at the discretion of the trustees in furtherance of their tharilable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and use5 of the restricted fijnds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintsined by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any perfonnance conditions have been met, the amounts can be measured reliably. and it is probable that income will be retslved. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Grft Aid or deeds of covenant is recognised at thB time of the donats'on. Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending distribution, the amount is known, and reIpt is expected. K the amount is not known, the legacy is treated as a contingent asset.
CLEVEDON FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) 1.5 Expenditure Expenditure is recognised On there is a legal or conslructwe obllgatlon to transfer economic benefll to a third party, it is probable that a transfer of economic benefits will be required in settlement. and the amoLEnt of the obligation can be measured reliabty. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct Costs attributable to a single activity are allocated directly to thal activity. Shared costs which contribute to more than one activity and support costs which are not attribLrtable to a single 8Ctiwly are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on thè basis of tlme spent, and depreciation Gharges are allocatsd on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequenlly mea5uied at cost or valuallon. net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings Computers and office equipment 15Yo Reducing balance basis 15% Reducing balance basis The gain or loss arising on the disposal of an asset is detemiined as the differenc8 b8tw8en the sale proceeds and the carying value of the asset. and is recognised in the ststement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the tharbty reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairn)ent loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine Ihe extent of the impairrnent loss (if any). 1.8 Cash and cash equivalents Cash and Gash equivalents indude cash in hand, deposits held at call Wbth banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current lialxlities. 1.9 Flnanclal Instruments The charity has eleded to apply the provisions of Seclion 11 '8asic Financial Instruments, and Seclion 12 'Olher Financlal Instruments Issues, of FRS 102 to all of its financial instTumenls. Financial instruments are recognised in the charity's balance sheet when the chartty becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to Sel off the recognised amoun15 and there is an inlention to settle on a net basis or to realise the asset and setue the liability simultaneously. Basic financial assets Basic financial assets. which include debtors and cash and bank balans, are initially measured at transaction price induding transaGtion costs and are subsequently carried at amortised cost using the effeclive interest method unless the arrangement conslitutes a financing transaction. where the transaction is measured at the presenl value of the future receipts discounted at a niarket rate of interest. Financial assets classified as receivable within one year are not amortised.
CLEVEDON FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (Contlnued) Basic financial liabllities Baslc financial Ilabiltties. indudlng credttors and bank loans are initlally recognlsed at transaction pr1 unless the arrangement constitutes a financing transaction. where the debt Instrument is measured at the present value of the future payments discounted at a market rate of interesl. Financ4al liabilitiès classtfied as payable within one year are not amortised. Debt instruments 8re subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or servlces that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabililies. Trade creditors are recognised initially al transaction price and subsequentty rneasuTed at amortised cost using the effective interest method. Derecognltlon of financlal Ilabililies Financial liabililies are derecognised when the chariiys contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's 5eTvices are received. Termlnallon benefits S recognised immediately as an expense when the charity Is demonstrably committed to terminate the employment of an employee or lo provide termination benefils. crftlcal accounting estimates and judgement8 In the application of the charity's accounting policies, the trustees are required to make judgements, estlmates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experfence and other factors that are considered to be relevant. Actual results may differ from these eslimates. The estimates and underlylng assumptions are reviewed on an ongoing basis. Revisions to acunting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donalions and legacles Unrestricted funds 2025 Unrestricted funds 2024 Donations Contributions Gift aid reclaimed 44,765 9,241 6,242 57,507 16,475 5,900 80,248 79,882
CLEVEDON FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted Unrestrictsd funds funds 2025 2024 Interest receivable 1.353 524 Expenditure on ralsing funds Unrestricted Unrestrlcted funds funds 2025 2024 Fundraising and publicity Direct charitable wsts 11,254 11,141 Expenditure on charltable actlvltles Total 2025 Totsl 2024 Dlrect costs Staff costs Depreciation and impairment Charitable donations Sundry purchases Literature and slationery Training Rates Light, heat and power Insurance Repairs and maintenance Telephone Computer Soare Intemet and website Member3hip fees Subscriptions Sundry expenses Cleaning Olher charitsble expenditure 9,353 2,336 5.736 1,587 1.956 1.000 230 9.353 2.343 15,580 770 409 163 189 1,035 1.031 4,450 1.864 13,818 1,835 3,921 2,479 1,125 208 16,393 2,223 11,825 1,253 491 163 306 891 790 3,629 2.674 59,385 63,825 Analysi5 by fund Unrestricted funds 59,385 63,825 10-
CLEVEDON FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 The net movement in funds is ststed after chargingl(crediting)". Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fjxed assets 2,336 1,835 Trustees None of the trustees received any remuneration or benefits from the charity during the year. Note: Mrs M Sims, wife of Mr C S Sims (frustee) received £330, in respect of creche services provided. Employee9 The average monlhly number of employees during the year was: 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries 9.353 13,619 There were no employees whose annual remuneration was more than £60.000. 10 Taxatlon The charity is exempt from taxation on its actlvities because all its income is applied for charitable purposes. 11
CLEVEDON FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tangible fixed assets Flxtures and ffttlngs ComputsTS and office equlpment Total Cost At 1 April 2024 Addilions 203,559 67,056 5,180 270.615 5,180 At 31 March 2025 203.559 72,236 275,795 Depreclatlon and Impalmient At 1 April 2024 Depreciation Charged in the year 202.306 188 57,914 2,148 260,220 2.336 At 31 March 2025 202.494 80,062 262,556 Carrylng amount At 31 March 2025 1,065 12,174 13,239 At 31 March 2024 1.254 9,142 10,396 12 DebtOY8 2025 2024 Amounts falllng due wlthln one year. Other debtors 7,592 7,239 13 Credltors: amounts falling due wlthln one year 2025 2024 Accruals and deferred income 1,080 1,040 12-
CLEVEDON FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Unrestrlcted funds The unrestricted funds of the charity cclnprise the unexp&nded balances of donation5 and grants which are not subject to specrfic conditions by donors and grantors as to how they may be used. These inclLJde designated funds which have been sel aside out of unreslncted fur)ds by the trustees for specific purposes. At 1 ApTII 2024 In¢omlng resources Resources At 31 Marth expended 2025 Sinking fund for building repairs General funds 5.435 77,597 5,435 68,559 61.601 {70,639} 83.032 61.601 (70,639) 73,994 Prevlous year.. At 1 Aprll 2023 Incomlng re50urce$ Resources At 31 March expended 2024 Sinking fund for building repairs General funds 5,435 72,157 5,435 77,597 80.406 (74.966) 77,592 80,406 174.968) 83,032 15 Related party transactlons Chadwick Holdlngs Lirnited Chadwick Holding5 Limite(i owns Ihe bullding from where Ihe church operates, to which Mr M W Douglas (Tmslee) is a director. There is no ffjnl payable lo Chadwick Holdlngs Limited, for the year ended 31 March 2025. During Ihe year, donatlons of£208 were recelved from Chadwick Holdings Limited {2024- £2,550) 16 Control The charity is Gontrolled by the Board of Trustees. 13-