REGISTERED CHARITY NUMBER: 1052026 Report of the Truslees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Influence Church
Influence Church Contents of the FinanciAI St*tement5 for the Year Ended 31 Mareh 2024 Page Report of ihe Truslees Independent ExAminer's Report Stwtement of Tr inancial Actii'ities B4lwn¢e Sheet Notes to the FinAllciAI Statements 7 to 16
Influence Church Report of the Trustee5 for the l'ear Ended 31 llarch 2024 The trustees present Iheir report with the financial statemenLs of the eharily for the year ended 31 March 2024. The trn%lee.% have adopted the provisions of Accounting and Rcporting 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 IFRS 102) (effective l January 2019). 0ECTIVEs AND ACTIVITIES Objectives and aims Influencc Church is a mulii-location Christian Church operating in the North of England 'Ith locations in Richmond. Bamard Castle, Penrith, Bishop Auckland and Workington. Influence Church exists lo advance the L hristian Faith and lo support our communitie5 in what¢ver way possible. including provision of goods educalion and 5ervice& including Marriages and Funerals. Significant *ctiN'i¢ies The main activilie% for Influenc¢ Church are ihe weekly Sunday church seIceS held at the five location5 Wlth encouraging attendances al each one. Mid-week activities for parents and toddler4, at Richmond and Batnard Castle, and for lecnagers through the Elevate ministry. al Riclimond. Pcnrith and Bishop Auckland. hai'e functioned well with increasing numbers. The SiLirehouse Focmlbank operaies al Richmond, Barnard Castle and Bishop Au¢kland, at an increased level. At the weekly Sunday meetings, children aged up to I l years old have their own gathering% ealled Hero Factory. In addition aeross all lo¢ation.s of church the Lif¢ Groups (fotmerly called Connect Groups) facilitated community and discipleship and have been such an encourngement and .%upport io many in the church. The youih progrdmme. Elevate, runs a¢ross Ihe 3 of the locations each week. On Fridays we see on average 100 young people visit the programtnc which provide5 a warni and re space for young people to go to. Each week we provide a mix of snacks, games and aclivilies and opportunities for ihem lo discuss relevant topics and issues that they are facing in iheir lives. Alongside Ihc Friday programme wc provide additional %upport and counsclling to 40 young people Ihrough our youth life groups. There are at least 2 trips am'ay each year. io Manche51er and lo Knock in Cumbria. In all Ihrec locations we are 4lriving to offer a faith filled and relevant programme for the youih of our communitie5. The foodbanks in Richmond and Bamard Castle continued to supply donated food lo our communities. With the Cuent financial di]cul11tS experi¢n¢¢d by many individuals and families, demand has increased but the increased donations of food and finance lo enable support to continue has been so cn¢ouraging. Grants from North Yorkshire County Council. in particular, for the Richmond Foodbank and donation.% for Ihc Barnard Castle Foodbank have been so important in enablin¥ the [{bankS lo provide d. Many individual% have donated generou%ly and consislenily loo. The school uniform bank w&s again able to lake place in all locations and was a tremendous help io many families slruggling lo afford school uniforn]s. In addition. thc Brcakfa5t Club continued lo provide breakf&sl for children in the Bishop Auck]and area and has been generously supported. particularly by Durham County C"ouncil. Many of the above Proj15 rely on unpaid volunteers who are part of the church congregation We also .support Intemalional Missions in Asia and Africa. partncring w'ith a flourishing church in Phnom Penh. Cambodia. who work to slop child IratTicking and alleK'iale poverty. Both our Senior Pastors have vi%iled Cambodia al least once a year in rcccnl ycars to teach and support the emerging church leaders. A team of twelve people from Influence Church went on a mission lrip io Cambodia during Ihe year. working with the children. teenagers and adults in both Phnom Penh and their other church in Prey Romea5. In Uganda we work in co-operation with Compassion UK combatting poverty in that country. Individuals in the church sponsor around 120 children through Compa55ion UK. For the first lime. Alpha Courses were n]n at Richmond and Barnard Castle proN'iding the opportunity for non-church people or those new lo church to explore Chri%tianiiy. These. hal'ing proN'ed sUcCerul. will be repeated in the coming years al these and the other localiotls. Page I
Influenee Church Report of the Trustees for the l'ear Ended 31 llarch 2024 ORIECTIVES AND ACTIVITIES Publit benefit The trustees have regard lo the Chariiy Commission's guidan¢e on public benefit and all issues relating lo rurming a charity. The activities outlined above are Ihc main activities undertaken to further the PUTPOSC for public benefit. AC.IIIEI'ENIEN'I' IIND PF.RFoRlANCE Charitb]e Activities When IhL ndmc for Ihe church w&$ changed 10 Influence Church. th¢ dc%ire and aim of the chariiy w&5 that we would be an influence for good in the ¢ommunily. Not only by providing opportunities for worship and &s%ocialed Christian aclivilie%. wilh %leadily increasing numbers altending, bul lo provide much needed support for necdy people within the areas In which wc opcrale. The fo[bankS particularly in Richmond and in Bishop Auckland through their Breakfatyl Club, have becn a great et to Ihe communily. Thc Richmond and Bamard Ca.%(l¢ foodbaiik% have provided around 55.000 meal% through ihe ycar. While primarily being a %ourcc of fi)od 4upply, the foodbaiik% al.40 provide a place where people can come, chal and hare their problem% and be helped in oth¢r ways. The F.levale youth events loo. arc bciiig a valuable as%el ii) Ihcir local communities. Seeking to provide safely, %uppÉ)rt and %labilily lo Ihi.s bieneralioi). Many young people are suffering wilh Inciilal i.%sues and Eleva(¢ has helpcd many combai Ihese. While bL'ingi an influence foi. gbood in society can bc a ditliculi and daLtnlin¥ pi'(i%pccl. Ilic cl)urch 1.4 g>raleful for all that Ihe staff and Ihc many voluiilLLrs do in .seekinbp to fulfil Ll)is aim and we cherish all ihe .%uc¢cs5¢.s Ihal ha'l been achie¥'ed through (he year. Reseri'ei polic). Al .1 l MarLh ?024 available reserves were £46,288, being the balance of unre4tricled funds and excluding the mortgage repayable after one year this 15 secured against the property. The 2023-24 year has been a difficult year financially for many businesse4 and charities. While the cost-of-living iluation prevailing in the country been onc of th¢ main rca%ons for this, Inlluence Church ha8 found that income continue% to recover. and now surpasse% the level reached when the Coronavirus pandemic struck. In Ihe last few years Influencc Church h&s planted al Ihree new IatiOnS acros% Ihc North of England. These new churche8 are thefOre. initially. dependant on the original church and an older planted location for finance to enable (hem lo function and girow. It normally lake% sei'eral year4 before they are .self-funding, but we believe this is an invcslmciil well worth undLrtakingy and will add strenbyth for fulure days. In the Cuen1 financial year 2023-24. donation4 of L78,71S7 were made towards the abilItY and future gr0h of Influcncc Church. Ivhile some of thi.% w&% %penl in Ihal year. wme of the income w&$ carried over to this Current year. addin¥ lo lh¢ financial slrcngyih and potential for future development4. We own our building at Richrnond and have a mortgage with Kingdom Bank with a balance 01. £64,676 al Ihe year end, a sum e%limatcd at much than 200/0 of il% market valuc and in addition we hold other non-desigknmted rc5crves. Th¢ trustees conbider current levels of reserves to be adcquale al presenl, but will bc und¢r rc¥ular re¥'le. due lo the church being commitlcd to growth in the coming years. TN51ee5 are continuing to monitor the financial situation ofihe charity. Overall we remain confident for the future. STRUCTURE, GON'ERNANCE NlknAGE1hT Goi'erning document Th¢ Church is gO.erned as per the Constitution and Tru.st deed adopted by the Iruslees on 23 January 2007 from a model supplied by A55emblic5 of God, with whom we are affiliated. Each Assemblics of God church is auionomous in its governance and finances. The Senior Mini%ters. Pastor Ben Dowding and Pastor Gale Dowding havc spiritual and day to day over4ighi of ihe charity. Pastor Ben is chair of the Iruslees &5 per the Con%titution and is answerable lo them. They meet approximalely 4 times a year. Page 2
Influence Church Report of the Trustees lor the I'emr Ended JI Ilarch 2024 STRUCTURE, GOVERNAIYCE AND INIANAGEMEYT Recruitment and appointment of truslee5 There is no exlemal body or per%on affecting appointments of truste. New Iru%t¢e% are appointed with adherence lo Ihc C'hariiy Commi%sion guidelines CC30. 11 is essential that they are a per%on Lommiiied lo the IcachingF.% of Ihe Bible and hai'e a pcr%onal knowledge ol God through Jesus Chri%1. They should be in agreement wilh the objectives and core values of Influ¢nce Church. Truslc¢s are nominaied lo join Ihc team by Ihe Church Leadership and approved and appointed by the exi4ling Iruslees. RF.FEREliCE AND ADNIINISTRATII'E DETAILS Registered Charit!. number 1052026 Principal Address Viclori?L Road RIC'IIMOND Nc)rtl) Yi)rk4hirc DL104AS Truylei's B Do.dillg M Flodgi%on A Ilargreavvb D J R l-c)%ter D IluylL Irc%igned 23.2.24) P 'l'htTrmson C Payne Independent Examiner L liri%l(IpliLr Bc<luinont BA (Hon5) Bl.'P FCA DChA Clive Owen LLP Chartered Accounlanls 140 C'unisLliffc Ruad DARI.INGTON Co Durliam DL3 7RI Approvcd by order of Ihe Ix)ard of tru%iee5 on ....... ........ .... .. signed on ils bchalf by.. DJRFo%lL I'ruslcc Page 3
Independent Examiner's Report lo ihe Trustees of Influence Churth Independent examiner's report to the trustee5 of Influence Church I report lo the charity InJslee5 on my examination of the accounts of Influence chUh (Ihe Trust) for the year ended 31 March 2024. Responsibilities And b8si5 of report A5. the charity Iwsiees of Ihc Trust you are rv*ponsible for the preparation of the Ount$ in accordance with the requir¢mcnt% ofihe Charities Act 2011 {'the Act,). I report in respect of my examination of the Trusl's accounts carried oul under Section 145 of the A¢1 and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5Mb) of the Act. Independent examiner's stAtement Since your charity'% gro%4 iiicome cxceeded £?$0,000 your examiner mu%1 be a member of a li4led body. I can confirni that l am qualified io undertakc the examinalion bccau4e l am a member of Ihe In%lilule of ci)artered Accounlanls in Eng,land and Wales, which 1% one of the li%ied bodic%. I have complcled my cxaminalion. I confimi that no material matters have ¢omc lo my allenlion in conneclion with Ihe examinaliun giwing me cau%c to beli¢v¢ ihat in any matcrial rL%pccl'. accounting record% were not kepl in respect ol'ihe Trust as required by Section 130 of the Act; or the acLounl% do not acLord with IhD%e rcLord4.' or the accounts do nol coinply with the applicable requirements concemii)g the fomi and content of a¢counls out in Ihe Charili¢s (Account% and Report%) RcgTul4ilions 2008 oihef than any requirement thai the accounts give a true and fair view which 1.% not a maller considered part of an indepcndenl examination. I have no con¢em% and havc come across no oiher mallers in conneclion with the examination lo which atlention should be drawn in thi.s report in order lo enable a proper under%t3nding ofihe accoun1% lo be reached. Christopher Beaumonl BA (Hons) BFP FCA DChA Clive Owen LLP Chartered Accountant. 140 C"Olll%Lliff¢ Road DARLINGTON Co Durham DL3 7RI' Page 4
Influence Chur¢b Statement of Financial Actiiities for the l-ear Ended 31 llxrch 2024 2024 Total 2023 Total funds Unrestricted fund Restricted funds Notes 1CollE E%'Lx)W1EYTs FROII Donation% and l¢<paci 348.470 46.266 394,736 347.555 ChAritAble actiiities Church tiVitieS 38.598 38,598 19.279 Other trading tiVItIeS Investment incomc 1,576 1,084 1.576 1.084 5.431 209 TotAI 389,728 46,266 435,994 372.474 EXPENDITLIRE O Charitable actiiities Church activities Storehouse f(Nxl bank Breakfast Club and Elevate Youth Mini Heros 366.394 366,394 44.350 12.616 368.926 39.589 7.J25 44.350 12.616 1,236 Total 366.394 58.202 424.596 415.840 IYET INCO%IE/(EXPENDITL'RE) 23.334 {11,936) 11.398 (43.366) RECONCILIATION, OF FUNDS Toial funds brought forward 98.809 27.876 126.685 170.051 TOTAL FLNDS CARRIED FORII'.4RD 122.143 15,940 138,083 126.685 The notes fonn part of these financial statements Page 5
Influence Church Balance Sheet 31 Nlarch 2024 ?024 Total 2023 Total funds Unrestricted fvnd Re.%trict¢d funds Notes FIXED ASSETS Tangible a%tset 12 136,086 819 136,905 148,836 CURRENT ASSETS Debiors C&tsh al bank and in hand 13 1,461 54,265 ,461 69,386 1,467 50.839 15,121 55,726 15,121 70,847 52,299 CREDITORS Amounts falling due within one year 14 (9.438) (9,438) (9,565) NET CURRENT ASSETS 46,288 15,121 61,409 42,734 TOTAL ASSETS LESS CURRENT LIABILITIES 182,374 15,940 198,314 191,570 CRF.DITORS Atnouiit5 falling due after more than on¢ year 15 (60,231) (60,231) (64.885) NET ASSETS 122,143 15,940 138,083 126.685 FUNDS Unrestricted funds Restricted funds 19 122.143 15,940 98,809 27,876 TOTAL FUNDS 138,083 126,685 financial statements were approved by the Board of Trustees and auihori.sed for issue .apJ<and were signed on lis behalf by: on Osier- Twsiee The notes lorni part of these financial statemcnts Page 6
Influence Church 'ote5 to the Financial Statements for the l'ear Ended 31 %lar¢h 2024 ACCOLThTING POLICIES BASIS of preparing the fmAncial statements The financial statements ol the charity. which is a public benefii entity under FRS 102, have been prepared in accordance w'iih the Charities SORP {FRS 102) 'Accounting and Rewrting by Charitics.. Stsiemeni of Recommended Practice applicable 10 charities preparing their accounts in accordancc H'ith Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeeiive l January 2019),, Financial Rew)rting Standard 10? The Financial Reporting Standard applicable in the UK and Republic of Ireland,. the and Ihe Charilies Act 2011. The financial statements are prepared on ihe going concem basis under the historical cost convention. The trustees believe that it is appropriate io continue to adopt the going concern basis of accounting in preparing the financial SleMen1S. The financial sthiements are prepared In sierling 1£). The principal accounting w)licies adopted in ihe preparati(In olthc financial stslements are sel oul below. Income Ail income is rccogni5cd in the Statement of Financial Athivities once the chariiy has enlitlement to Ihe funds. il is probable that the income will be received and the amouni can IK measured reliably. GT8nl incotnc is accounted for in the year in u.hich il is receI.ed. Foodbank donations The charity operates a f(KKtbank using donalions from a i'ariely of sources. The i'alue of food%iUtT donations lo the church and onwards to the beneficiarics 1% nol included in the financial statements as Ihe trustee's consid¢r that the cosl of valuing these donations would ou1.eIgh ihe benefil. Expenditure Liabiliiie5 are recognised as exiditUre as 500n as Ihere is a legal or conslruclive obligalion committing the charity to that expenditure. it is probable that a iran5fer of economic benefits will be required in scttlement and the amouni of ihe obligation can mcasured r¢liably. Expenditure is accounled for on an accwals basis and h&s bccn classified under headings th aggregaie all cos1 rela(ed to the category. Where costs cannot be dircctly allributed to particular h¢adings they hai'e been all(Kaied io aciii'ilies on a basis consisieni with the use of resources. Allocition and aPPOTtionment of cos¢5 Suppon co%1% direcily attributablc to an aclivity hai'e been all(K&ed lo thal aclivity. Where support costs cannot be direcily altribuled io any activity they have been ailocaied in proportion to direct expenditure. Tangible fixed a55els DeprLiiaiion 1% proi.ided ai ihe following annual rat&s in order lo write otT each asset over its esiimated useful life. Freehold pr(Wty and improvements Lc&sehold improN'ements Fixtures and fiiiings Compuler equipment 2/ts on cost and nol provided S/r on cost 15Q/ib on cosl 151oonc05t The INstees consider th the residual value of the building within freehold pr(4)erty is equal lo or greater Ihan the carrying value within the accounts. Accordingly. no depreciation has been recogniscd in thc period. Tangible fixed assds are measured al cost le&$ accumulated depreciation and impaimient. Taxation The charily is exempl from tax on its charitsble aciivilics. Fund ccounting Unrestricied funds can be usd in accordance wilh Ihe charitable objeciives ai the discretion of the 1ThCeS. Page 7 continued...
Inlluence Chureh oles to the Financi*l Ststement5 - continued lor the l'ear Ended 31 .%larch 2024 Accou[1)G POLICIES - continued Fund accounting Restricted funds can only b¢ used for particular reStried purposes wiihin Ihe objects of the charity. Renc[lonS arise when specified by the dO[r or when funds are raised for particular reAricted purw)ses. Further explanaiion of the n3ture and purpose of each fund is included in the noies to the financial 51alements. Pension r05ts and other post-retirement benefits The charity 0rateS a dLfined conirsbuiion pension scheme. Conlribuiions payable io the charity's pension scheme are charged io the Staiement of Financial Activities in the peri¢yJ to which they relate. B95ir financial instMentS Basic financial in.struments are meawred at arnortised CO wilh changes recognised in income or cxpcnditur¢. Critical accounting estimates and areas of judgement Lslimates and judgements are continually e¥a]uated and based on histOTical expertence and her factors, including expeclalions offulure even(% ihai are belie¥'ed io be reasonable under the circumstances. Criiical accouniing e5timatcs and assumplions.. The charity makes esiimates and a&sumptions concerning the future. There are no resulting accounting estimates and assumptions that have a significant risk of causing Materi adjustment lo the carrying amount5 of a5SCtS and liabilities within the next financial year. Critical are&s of judgemersl: In the applicalion of the charity's accounting policies the trustees are required to make Judgement& estimaies and assumptions about Ihe carying amounts of certain a&5 and liabiliiies. The estim&es and aSslIted assumptions arc bascd on hi5toricat experience and other [10T5 ihal are Considered to be relevant. The items in the financial statements where these judgements and eIMateS hai'e been rnade include.'- Depreciaiion Depreciaiion is calculaied so as io wriie off the CO of an assct. Icss it's residual value, over the economic life of thal a&. An ¢iMate of the useful life of assds is dethiled in ihe depreciation accouniing policy. Leasing eommitments Renials paid under operating le&ses are charged to the Stement of Financial Activities on a slraighi line basis over the period of the Icasc. DONATIONS 'D LEGACIES 2024 2023 Donations and grants Gift aid F(xbank donations and grants 311,193 41.658 41,885 253.757 40.019 53,779 394.736 347.555 Income from donations and legacies was £394,736 {2023 £347.555) of which £46,266 (2023 £66,384) was attributrble io restricied and L348.470 {2023 - £281,171) w&s attributable to unrestricted fimds. Page 8 continued...
Influence Church Notes to the Financial Siatements- continued for the l'ear Ended 31 llarch 2024 OTHER TIi4DIYG AcfiiTfiES 2024 2023 Other income R(KJm hire 563 1,013 747 4,684 1,576 5,431 Income from oiher trading activities was £1,576 (2023 £5.431 } of which £nil (2023 £nil) was attributable lo restricted and £1,576 (2023 - £5.431) as allributhble lo unreslncied funds. INN'ESTNIENT 1cOmE 2024 2023 Deposit account interest .084 209 Income from inveslment income wa5 unreslrirted during both the current and previous year. II%CO.IIE FRO.%1 CHARITABLE Acfii'ITIES 2024 Church activiti& 2023 Total activities Church activities 38.598 19.279 Income Irom chan'iable activities was unrestricted dunng iM)th the current and preNryous year. CHARIT ABLE ACTII'ITIES COSTS Direct Costs (see noie 7) Support costs (see note 8) Totsls Church actiiities Storehouse f(xKI bank Breakfasi club and EleVC Youth Mini Heros 359.338 44.350 12.616 1,236 7,056 366,394 44.350 12,616 1,236 417,540 7.056 424,596 Charitable acttvity costs were £4?4.596 (2023 £415.$40) of which £306,394 (2023 £368.9?6) w&s altn"bulable to unresln.cted funds and £58.?02 (70?3 - £46,914) was attributable to restricted fvnds. Page 9 continued...
knfluence Churcb l%otes to the Finlneial Statements- continued for the I'e4r Ended 31 llarch 2024 DIRECT COSTS OF CHARrt.4BLE Acni'iTIES 2024 2023 Staff costs Rates and water Insurance Light and he* Telephone Postage and stationery Advertising Sundries Church activities costs Donations and giving FEbaThk costs Reni payable Pastor expenses Siaff and N'olunteer expenses Hospiiality Repairs and renewals Cleaning and sanitary Bank charge5 subrIPtIons Breakfast Club and Elevale Youth Depreciation 214.248 692 6,095 214,600 1.188 5,472 10.028 1.183 4,540 805 ,24? 38.636 31.181 18,852 25,646 408 16,868 2,452 10,501 4.136 1.736 1,674 3,777 14.497 ,295 3,043 527 1,929 46,229 31.993 16.659 27.266 721 14.771 1,2?3 10.1kn7 3.622 2,039 1,860 7,795 13.154 417.540 409.422 SUPPORT COSTS Governance Finance Toials Church tivitieS 4,715 2.341 7,056 Support cosw included in the above. are as follows.. FAn8nct 20?4 Church aciii'ilies 2023 Total aciiviries Mortgage 4.715 4,309 Governance costs 2024 Church actii'ities 2023 Toial actii'iti¢s Independent examiners fees Profex%ional fee5 2.086 255 1,892 217 2,341 2,109 Page 10 conlinued...
Influence Church Notes to the Financial Statements - eontinued for the l-ear Ended 31 llarch 2024 TRiiSTEES' RE%IUThEIL4TION BEJEFrrs During the year Irusltt remuncration totalled £48.787 (2023.. £50,083). B tk)wding received £33,973 (2023.. £34,070) in his capacity as Senior Minister and D Hoyle reCei.¢d £14.814 (2023: £16.0131 in his capacity as Campus Pastor. not as a result of iheir role as Trusttts. The charity has also made pension paymenis on behalf of B Dowding of £2,219 (2023: £22261 and £689 {?023= £78?) on behalf of D Hoyle. th¢ payments have again been madc in recognition of their roles as Senior Minister and Campus P&s¢or respectively. not as a result of their role as Twslees. There were no other benefits for the ycar ended 31 March ?024 or 31 March 2023. Trllstees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. io. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension cos 199.106 6.303 8,839 199.635 6.467 8.498 214.248 ?14.6(Kl The average monthly number of employees during ihe year was Ls follows: 2024 14 2023 13 Adminislraiion and managemeni No employees received emoluments in excess of £60,(XK). ii. COIIPARATII'ES FOR THE STATEIIENT OF FINCl.L ACTII'ITIES Unrestricted fund Re4lricled fund5 Total funds INCOlE thD ENDoIN'I£lTs bRO%I Donations and legacies 281.171 66.384 347.555 Charitable actiiities Church aclivilies 19.279 19.279 Other trading acltvitie Inestmen1 income 5.431 5.431 209 Total 3(Ki.090 66,384 372.474 EXPEI%DITLRE ON Charitable 8ctiiities Churlh aciii'iiies Storehousc food bank Breakfast club and Elevate Youth 368.926 368.926 39.589 7.325 39,589 7.325 Total 368,926 46,914 415,840 NET INCO)IEJ(EXPE%DITL'RE) (62,836) 19.470 (43.366) Pagell continued...
Influence Church Note5 to the FinAncial Stxtement5- continued for the l'ear F.nded J l Ilareh 2024 co1PAI14TI1'Es FOR TIIE STATEIIEhT OF FINthCIAL Acfii'iTIES - continued Unre%lncied Resiricled fund Total RECOYCILIATIOIY OF FUNDS Total funds brought forward 161.645 8,406 170,051 TOTAI. FLN'DS CARRIED FORII'ARD 98.809 27.876 126,685 12. TANGIBLE FIXED ASSEI'S Freehold property and Le&hold irnprovemcnls improtr'ements Fixtures and ritiingbs Compulcr equipm¢nt Totals COST At l April 2023 Additions 133,359 11,456 146,574 774 12.485 449 303.874 1,223 Ai 31 March 2024 133,359 11,456 147.348 12.934 305.097 DEPRECIATIO Ai l April 20?.1 Chargc for year 21,894 1,867 11,456 113,748 9.741 7.940 1.546 155,038 13.154 At 31 March 2024 23,761 11.456 123,4S9 9.4116 168.192 YET BoO1 I'ALUE Ai 31 ?074 l(W,598 23,859 136,905 Ai 31 March 2023 111.465 32.826 4.545 14R.X36 ij. DEBTORS: ANIOL'NTS FAI.LING DLIE II'ITIIIN ON'E YEAR 2024 2023 Prepayments and accrued income 1.467 Page 12 continued...
Influenee Church Notes to the Financial Statements- continued for the l'ear Ended 31 lllrch 2024 14. CREDITORS: AMOUNTS FALLING DUE wrrHIN OYE YEAR 2024 2023 Bank loans and overdraft.s (sce note 16) Taxation and social security Other creditors 4,445 1,894 3,099 4,015 2.106 9,4314 9,565 15. CREDITORS: AMOUNTS FALI.ING DUE AFTER NIORE THAN ONE IAR 2024 2023 Bank loans (see nole 16) 60.231 64.885 16. LOANS An analysis of the maturity of loans is given below.. 2024 2023 Amounts falling due wiihin on¢ year on dcmand.. Bank loans 4,445 4,015 Amount% falling between one and iwo years.. Bank loans- 1-2 years 4,705 4,015 Amounts falling due between two and five years.. Bank loans- 2-5 yeav* 16,408 12,045 Amounts falling due in more than five years: Repayable by inslalmcnls.. Bank loans more than 5 years by instalmenls 39,118 48,825 17. LEASIIYG AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2024 2023 Within onc ycar Between one and five years In more than five year 14,688 13,944 44.000 14.688 6,632 72.632 21,320 Pagc 13 conlinued...
Influenee Church l%o¢es to the Finxncial St#temtnt5 - Continued for the I'e4r F.nded J I Ilvdrch 2024 18. SECLIIED DEBTS The following secured debis are included within credilor5: 2024 2023 Bank loans 64,676 68,9(K) The debts are 5ccured by a fixed and flo&ing charge over the a&sets of the charity. 19. MOVENIENT IN FL'NDS Nei movemenl in lunds Transfers b'een fund5 Ai 31.3.24 Ai 1.4.23 Unrestricted fvnds GcnLrdl fund 98.809 23.334 122,143 Restricted funds StorLhou%e I"o(Kl bank Mini Heroes Breakfast club and Elevaie Youih 16.785 (1.153) 39 (10,X22) (483) 15,149 39 752 483 27.1176 (11,936) 15,940 'roTAL Tr"LNDS 126.685 11.398 138,083 Net movement in funds, included in the aiM)ve are as follows: ncoming resources Rviource cxpcnded Movcmenl in funds Unrestricted funds Generdl fund 389,728 {366.394) 23.334 Restricted funds Storehouse fcKMI bank Mini Heroes Br¢akf&st club and Elevate Youth 43.197 1.275 1.794 (44.-350) (1.236) (12.616) {1.153) 39 (10,822) 46.266 (58.202) {11,936) TOTAL FI'SDS 435,994 (424,596) 11.398 Page 14 ontinued...
Influenct Church l%o¢e5 to the Finan¢i*l StAtements - continued for the l-ear Ended 31)IArch 2024 19. IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 161,645 (62,836) 98.809 Restrieted funds Storehouse fix)d bank Breakf&sl club and Elevale Youth 1,540 6,866 15.245 4,225 16,785 11.091 19.470 27,876 TOTAL FUNDS 170.051 (43,366) 126.685 Compardtive nel movement in funds, includaj in the above are as follow5: Incoming resourc&s Resource5 expended Movement in funds Unrestricted fund5 General fund 306,0 (368,926 } (62,836) Restricted funds Storchouse f(Id bank Breakfast club and Elevate Youth 54,834 11,550 (39,589) (7,325) 15.245 4.225 66.384 (46,914) 19,470 TOTAL FL'NDS 37?.474 (415.840) 143.366) A current year 12 months and prior year 12 months combined FM)silion is as follows: Net movernent in funds Transfers between funds Ai 31.3.24 Ai 1.4.?2 Unrestricted lld$ General fund 161.645 (39.502 } 122.143 Restricted funds Storehouse fo[ bank Mini Her(Ks Breakf club and Elevate Youth I4,)2 39 (6.597) (483 > 15,149 39 752 6.866 483 8.406 7.534 15.940 TOTAL FLINDS 170.051 (31.9681 138.083 Page 15 continued...
Influence Church otes to the Financial Sialements - rontinued for the I'e8r Ended 31 llarch 2024 19. MON'E,%IENT IN FLTNDS - continued A current yrar 12 months and prior year 12 months combined nd movement in funds. included in the above are follows.. Incoming resources Movement in funds expended Lnrestricted funds Genera] fund 695.818 {735,320) (39,502) Restricted funds Storehouse fo(Kl bank Mini Fleroes Breakf&sl club and Elevale Youth 98.031 ?75 13,3M (83.939) (1.236) (19,941) 14,092 39 (6.597) 112,650 (105,116) 7.534 TOTAL Tr"LT.NDS 808.468 (840.436) (31.968) The Siorehouse fo(Kl bank fund relatcs lo donations of ¢h 5pccifically for the Lwalion of Ihe food bank. -rhe Breakf&sl club and Elevale Youth fund relale5 to a donation from Durham Counly Council for the setling up of a br¢akfa%t club and le¢nag¢r related aclivilics. Transfers betw'een lunds £483 of donaiions, received in the prior period, reallocated from the f(N)dbank io the breakfast club. 20. RELtlTED PARTI, D15CLOSLRES Tru.stees have made donaiions of £711.491 (2023.. £35.1951 10 Ihe church during the year. Family members of 1rn51ees have made donalions of £13.50111 ?0?3'. £5.389) lo the church during the year. Remuncrnlion. including pension coniributions. paid to family members of trusttts during the year was £92.762 1023= £96.6951. Page 16