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2024-03-31-accounts

21st Century Church

Report and Accounts Year ended 31 March 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

21ST CENTURY CHURCH

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2024

ADDRESS FOR CORRESPONDENCE Saron Chapel Pentrepoeth Road Llanelli SA15 4HG GOVERNING DOCUMENT Declaration of Trust dated 14 February 1995 CHARITY REGISTRATION NUMBER 1047101 TRUSTEES RESPONSIBLE FOR Peri Sophos (resigned December 2023) Nia Collier (appointed June 2024, resigned October MANAGING THE CHARITY 2024) Ceri Curry-Pound (resigned December 2023, appointed October 2024) Emma Curry-Pound (appointed October 2024) Karly Haverly (appointed December 2023, resigned October 2024) Clair Merrigan (appointed October 2024) Ian Roberts (resigned October 2024) Kevin Thomas (appointed December 2023, resigned October 2024) Matthew Visick-Evans (resigned January 2024) Ruth Visick-Evans (appointed June 2024, resigned October 2024)

BANKERS Lloyds Bank plc INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 1 Legal and Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts

Page 1

21ST CENTURY CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Objects of the charity

The primary objective of the Trust is the advancement of the Christian faith in Llanelli and the surrounding area.

It seeks to do this in two general ways. Firstly, it seeks to reach out wide to non-Church attenders and secondly, it seeks to lead and disciple existing members in following Jesus Christ.

Every aspect of Church serves these aims in what it does, whether through music, preaching, youth, kids, over 50s, Bible studies, creative media or relieving poverty. Everything we do seeks to serve the Great Commission (Matthew 28).

Review of the charity's main activities and achievements

The church is financially supported by those who attend through financial tithes and gifts, and the trustees wish to thank all staff and volunteers who have worked so faithfully during the year. The areas of ministry and service during the year included:

Organisations supported, include

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 2

Financial review

During the year income increased by £5,800, to £161,700, and expenditure increased by £15,400, to £163,500. As a result the cash held by the charity decreased by £1,700, to £17,400, of which all is restricted - see reserves policy and funds notes 5 and 6.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £5,000 (which equates to about 2 weeks of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely.

The trustees are aware of the deficit of general funds and have taken steps to reduce expenditure including staff costs. A temporary loan from the restricted Heirs fund has been made to the church - see notes 5 and 6 to the accounts.

The trustees have thoroughly reviewed the financial and future financial environment of the church and are actively implementing strategies and changes to manage the charity within its forecasted future funding landscape.

Governance

The trustees are responsible for the legal affairs of the church. They delegate the leadership of the church the implementation of policy and all aspects of day-to-day management to the Pastors, who are supported in ministry and the spiritual health of the church by the Church Overseers.

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Clair Merrigan Clair Merrigan (Jan 30, 2025 19:24 GMT) ____ Clair Merrigan Date:_____ Jan 30, 2025

Page 3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

21ST CENTURY CHURCH

I report to the trustees on my examination of the accounts of 21st Century Church ('the charity') for the year ended 31 March 2024 on pages 5 to 8 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts 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 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  2. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J Young J Young (Jan 31, 2025 09:09 GMT)

Jaimée Young

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: Jan 31, 2025

Page 4

21ST CENTURY CHURCH

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Funds
General Designated Restricted Total Total
Funds Funds Funds 2024 2023
Notes £ £ £ £ £
Income receipts
Donations 76,157 - 7,250 83,407 97,265
Gift aid receipts 14,565 - 225 14,790 15,340
Other gifts and grants 19,295 - 31,846 51,141 31,181
Income from venue hire 500 - - 500 -
Income from charitable activities 8,688 - - 8,688 5,864
Income from conferences and events 3,191 - - 3,191 6,261
Total receipts 122,397 - 39,321 161,718 155,910
Payments
Payments
in
relation
to
activities undertaken directly		 charitable 2 126,526 - 34,903 161,429 138,245
Grants
paid
in
relation
to
activities undertaken by others		 charitable 3 1,778 - 260 2,038 9,804
Total payments 128,304 - 35,163 163,467 148,049
Net
of
receipts
/
(payments)
transfers		 before (5,907) - 4,158 (1,749) 7,861
Transfers between funds 5 4,669 (3,947) (722) - -
Net movement in funds (1,238) (3,947) 3,436 (1,749) 7,861
Cash funds as at last year end 556 3,947 14,703 19,205 11,344
Cash funds at this year end A (683) - 18,139 17,456 19,205

The notes on pages 7 - 8 form part of these accounts.

Page 5

21ST CENTURY CHURCH

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 MARCH 2024

A Cash funds
Cash at bank with immediate access
Petty cash
B
Other monetary assets
Gift aid due to charity
Other debtors
C
Liabilities
Falling due within one year:
Mortgage (drawn 2014)
Mortgage (drawn 2015)
Pension due
PAYE due
Accounts preparation and examination
Falling due after one year:
Mortgage (drawn 2014)
Mortgage (drawn 2015)
Total
D
Assets retained for charity's own use
Saron Chapel
2 Pentrepoeth, Llanelli
Siloah Chapel
Siloah and Saron Chapels - fixtures, fittings and		 General
funds
£
(683)
-
(683)
2,881
895
3,776
15,216
1,593
538
2,008
1,380
20,735
91,244
8,973
100,217
120,952
equipment
Unrestricte		 Unrestricte Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
d Funds		 Restricted
funds
£
18,139
-
18,139
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2024
£
17,456
-
17,456
2,881
895
3,776
15,216
1,593
538
2,008
1,380
20,735
91,244
8,973
100,217
120,952
Value
2024
£
191,166
191,166		 Total
2023
£
18,950
255
19,205
3,450
-
3,450
11,682
1,292
246
-
1,290
14,509
102,634
10,027
112,662
127,171
Value
2023
£
161,251
161,251

The first mortgage referred to in Section C above is secured on Saron Chapel and 2 Pentrepoeth and is repayable over 15 years at an interest rate of 3.75% per annum.

The second mortgage referred to in Section C above is also secured on Saron Chapel and 2 Pentrepoeth and is repayable over 14 years at an interest rate of 4.75% per annum.

(Current values for properties have not been quoted because reliable valuations are not available and disclosure is not mandatory.)

The trustees have used insurance values for contents and equipment as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values.

The accounts were approved by the trustees and signed on their behalf

by Clair Merrigan date Jan 30, 2025 Clair Merrigan (Jan 30, 2025 19:24 GMT) _____Clair Merrigan _____

The notes on pages 7 - 8 form part of these accounts.

Page 6

21ST CENTURY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2
Payments in relation to charitable activities undertaken directly
Employment costs
Conference and events
Insurance
Mortgage repayments
Building maintenance, repairs and cleaning
Building project [Siloah]
Utilities, rates and phone
Food and Catering Costs
Ministry, training and other charitable activities
Music, PA and recording equipment
Youth and children's ministry
Other equipment, software and web maintenance
Governance and professional fees
Administration and support
3
Grants paid in relation to charitable activities undertaken by others
Organisations:
Mission outreach and support
Organisations < £1k
Individuals
Bible college support		 Unrestrict Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ed Funds		 Restricted
Funds
£
14,382
200
4,007
-
7,000
3,476
-
-
4,711
-
-
-
-
1,126
34,903
-
260
-
260		 Total
2024
£
89,320
5,350
6,232
16,809
11,916
3,476
6,296
1,999
10,669
2,568
2,537
1,125
1,003
2,130
161,429
-
1,138
900
2,038		 Total
2023
£
68,268
7,407
5,278
12,974
7,609
8,342
8,518
3,119
4,712
4,831
2,558
838
2,784
1,005
138,245
1,279
-
8,525
9,804

Transactions with related parties

No payments were made to trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity.

Page 7

21ST CENTURY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

5
Movement of funds
General funds
Designated funds
Legacy
Restricted funds
Saron Chapel
Siloah funds
Social outreach projects [Heirs]
Heirs ministry grant 2022
Heirs ministry grant 2023
Heirs other grants and donations
No.2 grant
Employment support
Other appeals
Total funds		 Opening
balance
£
556
3,947
4,502
160
234
932
7,470
-
-
-
5,646
260
14,703
19,205		 Receipts
£
122,397
-
122,397
-
3,375
-
-
9,236
19,710
7,000
-
-
39,321
161,718		 Payments
£
(128,304)
-
(128,304)
(160)
(7,324)
(626)
(6,552)
(2,184)
(5,411)
(7,000)
(5,646)
(260)
(35,163)
(163,467)		 Transfers
£
4,669
(3,947)
722
-
3,778
910
(910)
-
(4,500)
-
-
-
(722)
-		 Closing
balance
£
(683)
-
(683)
-
63
1,217
8
7,052
9,799
-
-
-
18,139
17,456

The Saron Chapel fund relates to any expenditure regarding the building or any supplies needed for maintenance or security, or funds donated specifically to Saron Chapel (Saron Chapel is the building where 21CC holds its main Sunday services).

The Siloah fund relates to donations for the purpose of expenditure relating to the Siloah Chapel.

The Social outreach projects funds include donations towards the Caru Cartref ministry and the Heirs ministry.

The Heirs ministry grants relate to funds donated to pay for 12 months of employment costs for this ministry. £910 was spent last year from the 2022 grant instead of from the Social outreach fund, this has now been corrected. The remaining £8 can be used for other Heirs projects.

Heirs 'other' relates to other grants and donations given to support the Heirs ministry. The transfer of £4,500 relates to a temporary loan of restricted funds to the general fund (refer to note 6 below).

The No.2 grants were given for the purpose of building maintenance and was spent in full in the year.

The Employment support funds relate to a donation towards the employment costs of the charity.

Heirs

After the year end, the Heirs ministry was registered as a separate charity, number 1210535. 21CC has been managing the funds for this ministry with a view of transferring the funds after it became a separate legal entity and will transfer the funds once bank accounts have been set up for this new charity. The funds are treated as restricted funds.

During the year, a temporary loan of £4,500 was made from the restricted Heirs fund to the 21CC general funds in lieu of management costs owed to the church for utilities, storage and other costs associated with administering the Heirs ministry, which have been provisionally agreed since the year end.

Page 8