REGISTERED CHARITY NUMBER: 1050451 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MILLBROOK CHRISTIAN CENTRE
MILLBROOK CHRISTIAN CENTRE CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024 Page Report of the Trustees 1to4 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t012
MILLBROOK CHRISTIAN CENTRE REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March2024. The trustees have adopted the provisions of the current Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities,. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1050451 Principal address 51a Wimpson Lane Millbrook Southampton Hampshire S016 4QF Trustees Rev M Starbuck Mrs F Finch Mrs A Starbuck Mr A Boston Mrs R Boston Mrs S Maritz Mr M Trisolino Chairman Treasurer Admin Team Leader Also Trustee of ICEJ Resigned 717124 Appointed 71724 Independent Examiner F.J.Wilde FCCA MBA DChA PgDip Wamer Wilde Ltd 4 Marigold Drive Bisley Surrey GU24 9SF Bankers National Westminster Bank pl 27 Market Place Romsey Hampshire S0518ZH Solicitors Robinsons Solicitors 3 - 5 Mundy Street Heanor Derbyshire DE25 7EB Advisers Assemblies of God Great Britian Ground Floor & Floor 2 No 1-2 The Cottages Deva Centre Trinity Way Manchester M3 7BE
MILLBROOK CHRISTIAN CENTRE REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is constituted under the Assemblies of God Model Trust Deed, dated July 2008. The charity is constituted as a Trust. Recruitment and appointment of new trustees Trustees are recruited and appointed by the current trustees, after consultation with the church leadership. New trustees are provided with a copy of the Trust Deed and other key documents. Trustees are appointed from within the church membership, which also gives them some existing knowledge of how the charity is run and its aims and objectives. Organisational structure The trustees. known as the Church Council, delegate the day to day running and management of the charity to the church ministry team and the nursery management committee. Key decisions are then referred back to the Church Council, The main staff members to whom day to day running of the church and nursery are delegated to are the senior minister and the nursery manager. Wider network The charity is a recognised member of the Assemblies of God Churches. adopting their model Trust Deed and subscribing to their doctrine. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the Church ("the objectives") are for the benefit of the public: a) to advance the Christian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit. b) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds. goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Church Council from time to time think fit., and c) to advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit. The trustees confim they have had due regard to the Charity Commission's guidance on public benefit in planning their activities. The objectives and aims of the Charity (Millbrook Christian Centre) benefit the public in the S016 area in the following ways- The objectives and aims of the Charity (Millbrook Christian Centre) benefit the public in the S016 area in the following ways: 1) By being a place of public worship wlthln the communlty. One of our key charitable objectives is the advancement of the Christian faith and it is our belief that this benefits the Community in a number of ways. Millbrook Christian Centre (MCC) is a church community where all are welcome and where individuals and families can be part of a friendly, engaging group of people. As a Church we believe that spirituality and spiritual health are vital elements of living a well-balanced, fulfilling life. It is our experience that a sincere, personal faith enables individuals to cope more effectively with the mental, emotional and social challenges of life. Much of our sharing and teaching within the Church promotes moral values, socially responsible lifestyles, and involvement within the local community. It is our genuine conviction that the Christian faith promotes both personal and community uplift.
MILLBROOK CHRISTIAN CENTRE REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 2) By relieving financial hardship as and when we can. There are a number of MCC activities that are aimed specifically at those who may be needing help or support. E.g. Our Community Cafe {Mario's Cafe) and our CONNECT Seniors Lunch Club. These are two aspects of our Church engagement with the community that offer a safe space. a great meeting area. access to good information and nutrition and cost effective meals. Last year we added another monthly meeting to our Seniors programme called the CONNECT Life Group. This is an afternoon aimed at exploring and building faith. and includes singing. Bible study and prayer. Another aspect of MCC'S assistance and support is Learningland, our children's nursery. providing Two to Four Year Old Funding. A significant percentage of the children within the nursery who access this provision are from lower income families within the local community. 3) By providing Childcare and Educational Services to the Community. There is an element of instruction and education in almost all that we do. For example. we read and use the English language, English culture and etiquette are often referenced, and Biblical history and geography are frequently taught. There are also regular programmes hosted at MCC with a view to teaching on Relationships, Money, Technology, Health. Creative Arts, as well as various Hobbies and Craft activities. Leamingland is our children's Nursery and it provides a safe, good educational environment for 1 to 5 year olds. During its 25 years of operation, Learningland has made a valued and appreciated contribution to families within the community and the development of their children. ACHIEVEMENT AND PERFORMANCE Charitable Actlvlties The Charity has faced a number of challenges this last year. Mainly as a result of flatlining income and rising operational expenses. The situation has been carefully rnonitored and we are starting to see signs of improvement. With these constraints we have had to postpone some development projects such as, upgrading our central heating, replacing our old stage lighting system with a Digital one. Nevertheless, the last year has seen some noteworthy achievements and I will list a few of them below. The repainting, re-flooring and refurbishment of the Kids and Youth Hall The appointment of Mario Trisolino as Assistant Pastor and member of the Church Council The outlining of a leadership Transition track over the next three years Holding various courses such as the Guitar School & the Camera club Some great events and conferences such as the 'Live Life, women's conference and the ICEJ conference The ongoing development of the Connect seniors programme The growth of Mario's Cafe with the addition of new menus and food options A very successful Car Boot and Community Day A steady growth in attendance at our Sunday services There are a few ongoing concems, particularly with the Staff recruitment challenges that LeamingLand is facing. This does appear to be an industry-wide issue and not specific to LearningLand in any way. Another ongoing concern is the health challenges that some of our older members are facing. There have been 8 number of prolonged episodes of illness and incapacity affecting some of our stalwart members. In Summary While the year has had its challenges, there is much to be thankful for and there are many positive take aways. Growth, Financial stability and Leadership transition remain some of the key objectives for the year ahead.
MILLBROOK CHRISTIAN CENTRE REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 FINANCIAL REVIEW The charity continues to be funded mainly through income from the day nursery. plus gifts and donations from members of the charity. In this financial year the charity has faced challenging financial circumstances, in part because of low giving due to the continuing economic condition in the country as a whole. The nursery was also hit by a dramatic drop in funded fees during October to December 2023, however this started to recover with an influx of new children in January 2024 and continues to regain ground. This has resulted in a significant deficit of £56,435 in this financial period and means that reserves have been eaten into to get us through this period. Reserves Policy The trustees reviewed the Reserves policy set in 2021 which with reducing reseNes could no longer be met. A new policy was set by the trustees in April 2024, but it was acknowledged that at the year-end st on 31 March, just after wages had gone out and funded fees had not yet been received. this was not met. This Reserves Policy requires reserves of £30,180 based on costs in the current financial year (2022123 £75,300). At the 31, March 2024 total funds amounted to £1.450,824 of which at the 31° March 2024 £12,672 was freely available as the balance is invested in either fixed assets, or is restrictedldesignated for a particular purpose. Since the year-end reseNes have improved, although the free reserves continue to be closely monitored by the trustees. ON BEHALF OF THE TRUSTEES: Date: 11- p 25 A. Boston - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MILLBROOK CHRISTIAN CENTRE I report on the accounts for the year ended 31 March 2024 which comprise the following Statement of Financial Activities, Balance Sheet and Supporting Notes. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is required. The charity's gross income exceeded £250.000 and l am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants. It is my responsibility to: examine the accounts under Section 145 of the Charities Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act)., and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statements below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the Charities Act. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. F. J. Wilde FCCA MBA DChA PgDip Warner Wilde Ltd 4 Marigold Drive Bisley Surrey GU24 9SF Date..
MILLBROOK CHRISTIAN CENTRE STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024 2023124 2022123 Unrestricted Restricted Total nr Total Notes Incoming Resources Voluntary Income Gifts and Donations Missionary Offering 73816 550 4592 74366 4592 101332 10905 2594 112237 2594 Investment Income (Bank Interest) 700 74516 700 79658 309 300 115140 5142 101e41 13499 Income from Charitable Activities Nursery Church Events Other Incoming Resources 273533 7350 273533 7350 277292 4474 277292 4474 27$ 275 Total Incoming Resources 355399 5142 360541 383682 13499 397181 Expendlture Nursery Costs Ministry Costs Mission Costs Support Costs 271498 51013 25977 63184 271498 51013 31281 63184 273609 53017 273609 53017 29806 5304 16011 52596 13795 52596 Total Expendlture 411672 5304 416976 395233 13795 409028 Net In¢omelExpenditure -56273 -162 -56435 -11551 .296 .11B47 Net Movement in Funds -56273 -162 -56435 -11551 .296 -11847 Transfers Funds Brought Forward 15 1504973 2286 1507259 1516524 2582 1519106 Funds Carrl•d Forward 1448700 2124 1450824 1504973 2286 1507259
MILLBROOK CHRISTIAN CENTRE BALANCE SHEET for the Year Ended 31 March 2024 2023124 Total 2022123 Totsl Notes Fixed Assets Tangible Assets 10 1530647 15498S3 Current Assets Debtors (due within lyr) Cash at Bank 11 4651 18103 22754 2455 73340 75795 Credltors Amounts due within 1yr 12 -19656 -28318 Not Current Assets 3098 47477 Total Assets less Current Liabilities 1533745 1597330 Credltors Amounts due after more than 1 yr 13 -82921 4)071 Net Assets 1450824 1507259 Funds Unrestricted Fund5 Restricted Funds Total Funds 15 1448700 2124 1450824 1504973 2286 1507259 The financial statements were approved by the Board of Trustees on I i J CLAK and were signed on its behalf by.. ol F. Finch - Treasurer
MILLBROOK CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024 1 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation and uncertainty in the preparation of the financial statements are as follows. Basis of re aration The financial statements have been prepared in accordance with the charity's governing document and "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 2019) The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. Funds Restricted funds are funds which must be used in accordan with specific restrictions imposed by the donor or the terms of a specific appeal. Expenditure which meets this criteria is drawn from the fund. Unrestricted funds are those funds which can be used for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees have, at their discretion, temporarily set aside resources for a specific purpose. Income Income is included in the accounts once the charity has entitlement. the amount can be measured with sufficient reliability and there is the probability of receipt. Earned income is included in the period in which the service is provided, if any performance conditions attached have been met or are fully within the control of the charity. Donations are included when given. together with an estimate of the related gift aid due thereon. Legacies are included when the date of probate is ascertained and the amount receivable can be reliably estimated. enditure Expenditure is included on an accruals basis when incurred, that is, when a legal or constructive obligation arises, and includes related irrecoverable VAT. Future liabilities are included at the best estimate of the amount required to settle them.
MILLBROOK CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024 Fixed assets Individual assets with a cost of more than £200 and an expected useful life of more than two years are capit81ised. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on a straight line basis at rates estimated to write-off the value of the assets over their useful lives.'_ Equipment, fixtures and fittings Kitchen Upgrade {15yrs) Buildings 20-30 % Pensions The charity makes contributions to the government's NEST pension scheme for all eligible employees, and makes additional contributions to individual pension schemes in accordance with employment contracts. Contributions are included in the accounts as expenditure when they become payable. Accountin for donated services includin volunteers We recognise the important work of volunteers in the work and provision of all the charity does. However, placing a monetary value on their contribution presents significant difficulties. These factors, together with the lack of a market comparator price for general volunteers. make it impractical for their contribution to be measured reliably as income for accounting purposes. Given the absence of a reliable measurement basis, the contribution of volunteers is not included as income in charity accounts. Goin Concern At the time of approving the financial statements, the trustees have a reasonable expectation that despite the reduction in reserves, the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going conGem basis of accounting in preparing the financial statements. lo eelRetirement Benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due
MILLBROOK CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2024 2023124 2022123 Note Unrestricted Restricted Totsl Totsl Income General Offering Gift Aid Refunds Missionary Giving Learningland Nursery Church Activities & Misc Premises Hire Bank Interest Fieceived 64027 9789 550 64577 9789 4592 273533 7350 96519 15718 2594 277292 4474 275 309 4592 273533 7350 700 700 Total Income 355399 5142 360541 397181 Direct Charltable Activities Expendlture Nursery Costs Staff Costs & Salaries Food and Activities Premises Expendlture Administration Cost Depreciation Total Nursery Costs 228813 19662 13504 5211 4308 271498 228813 19662 13504 5211 4308 271498 228425 20244 12975 7341 4624 273609 Ministry Costs Stipends, Wages & Pensions Manse Costs Ministy Training Adminisiralion & Expenses Total Church Costs 46931 4032 46931 4032 47416 5001 50 51013 50 51013 600 S3017 Mission Costs Mission Donations {see Note 7} Mission- Community Outreach - Youth & Other Outreach - Conferences & Other Total Mission Costs 17023 17023 19637 480 13778 31281 42 10127 29806 13778 14258 17023 Total Dirgct Charltable Expenditur 336769 17023 353792 356432 Support Costs Premises Costs Printing, Stslionery & Telephone Equipment Maintenance Premises Maintenance Insurance & General Expenses Bank Charges & Interest Depreciation Admin Salaries & Other Costs Legal & Professional Fees Taxation Bookkeeping Independent Examination Total Support Costs 16305 3763 528 2088 4642 7188 11909 10683 16305 3763 528 2088 4642 7188 11909 10683 8019 2546 785 2697 4665 7064 10223 11267 70 976 4060 1042 63184 976 4060 1042 63184 4310 950 52596 10
MILLBROOK CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS- CONTINUED for the Year Ended 31 March 2024 2023124 2022123 Note Mls$lon Donatlons berti AOG C. Francis- CFesn Slale Evangelical Action Brazil Inlemational Bible Tr8inin9 Insl<LUte ICEJ Sedgley Intematioftal Christian Min*sld&s IG. M21anl Southampton City MisSn Southampton Street Pastors MaThon Rashlei9h N Maddock- E-Quiparts Other Sundry Donats"ons Total Mission Donatlon8 750 1,860 550 2.115 600 3.500 1.100 2,910 600 1.225 600 2.160 720 2,700 1.200 2,322 19,637 550 1.650 660 3.000 1,200 1,530 17.023 Stsff Costs Wagès. Salaries and Sts"pends Employers Nl Cost Pension Costs 259,791 18.038 4.939 282,768 257,542 20.240 5,170 282,952 Th8 average number of employ88s durin9 the yearw8s 1412021122- 151 No employees received r8munerabon ill excess of £60.000 during the year. Tru$tees' Remuneration and Beneflt8 No sums were reimbursed to the Imslees for theirwork as trustees. Under provisions inclu¢Jed within the Trust Deed. tsvo trustees received reffluneration for Ministry service provided to the charity. Th8 man88 ben$fit is the estimated open market rtsntal valug of the house Occupi by the ministers. split 50150. Pensitsn Contllbution Manse Benefit 1050 5700 507 5700 Prevlous Y8ar Total 39311 24946 64257 Slipend 32500 18901 Total 39250 25108 64358 ark Starbwk Ann Starfouck TnJstees' Expenses Payrnenls totslling £1812 w8rè reirnbltsrsed to Iwo trustees in respect of travel. eonftsrence fees and other r•irnbursed expenses ¢Suring the year(2022123- £27751. 10 Tanglble Flxad Assets 2023124 Fixtu$ & Fitting$ 2022123 Fre&hold properly Tot81s Co8tNaluation At 1st April Additions ReValuatOn 2019 Disp05a15 At 31st March 1547932 69803 4811 1617735 4811 1609304 8431 7800 1614746 1547932 66814 1617735 Depre¢iatltsn At 1st April Disposals Charge for Year At 31st March 52061 15821 67882 53035 8306 60367 7911 23732 16217 84099 14847 67882 Net Book Value At 31$t March 1487565 43082 1530647 1549853 A revaluabon of the church premises at 51a Wimp50n Lane, was carried out by Robin Howe- FRICS. ARV& MCABE of Robin Howe Asso¢iates in January 2019.. basecS on a Mèrkel Valuation in conjunction wlth the Charities Aet 1993. Advice frorn Robin Howe valved the building5 at Wimpson Lane at £650.000. The total manse building 2nd land at Maybu5h Rd was valued at £197.932. For depreciation purpose5 as FRS102 the building only was valued at £65.318. D8preeialion of the buildings 8t Maybush Rd is Currently provided at 2Vo on a straight lin8 basis. Al other valu88 ar8 based on the historical cost convention. 11
MILLBROOK CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS- CONTINUED for the Year Ended 31st March 2024 2023124 2022123 Note 11 Debtors." Amounts Falling Dug wlthln one ar Nursery Fees due Gift-Aid Reftjnds due from HMRC Prepayments 3685 966 1716 739 Total 4651 2455 12 Credltors: Amounts Falling Due wlthln ono year HMRC PAYE Pension Accrued Expenses Mortgage Capitsl Nursery Deposits Holiday Accruals Nursery Fee overpayment Other Creditors 3460 2086 3186 7617 1800 1507 3790 1985 10520 7141 1650 3232 19656 28318 13 Creditors.. Amount Falling Due moro than one ar Mortgage 1-2 years Mortgage 2-5 years Mortgage rnore than 5 years 8127 27782 47012 82921 7617 26028 56426 90071 14 Securèd Dfrbts The following secured debts are included hthIn creditors Mortgage secured on church property 90072 97213 15 Movamènt In Funds Al 114123 Income Expenditure Revaluation Al 3113124 Unrestricted Funds General Funds lill 1504973 355399 411672 1448700 Restricted Fund$ Missions Youth Restricted Donation 2286 5142 5304 2124 2286 5142 5304 2124 Total Funds 1507259 360541 416976 1450824 {il = Funds donated for work of mlssions as detalled In note 8 All restricted funds are held as bank balances 16 Relatèd Party Transa¢tlons There were no related party Iransactlons during the year <2022123.. None) 12