REGISTERED CHARITY NUMBER: 1052026
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Influence Church
Influence Church
Contents of the Financial Statements for the Year Ended 3! March 2025
| Page | |||
|---|---|---|---|
| Report oftheTrustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| NotestotheFinancialStatements | 7 | to | 16 |
Influence Church
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025, The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Influence Church is a multi-location Christian Church operating in the North of England with locations in Richmond, Barnard Castle, Penrith, Bishop Auckland and Workington. Influence Church exists to advance the Christian Faith and to support our communities in whatever way possible, including provision of goods, education and services, including Marriages and Funerals.
Significant activities
The main activities for Influence Church are the weekly Sunday church services held at the five locations with encouraging attendances at each one. Mid-week activities for parents and toddlers, at Richmond and Barnard Castle, and for teenagers through the Elevate ministry, at Richmond, Penrith and Bishop Auckland, have functioned well with encouraging numbers. The Storehouse Foodbank operates at Richmond, Barnard Castle and Bishop Auckland, and during the year has commenced at the Penrith location. At the weekly Sunday meetings, children aged up to 11 years old have their own gatherings called Hero Factory.
In addition, across all locations of church the Life Groups facilitated community and discipleship and have been such an encouragement and support to many in the church. The youth programme, Elevate, runs across the 3 of the locations each week. On Fridays we see more than 60 young people visit the programme which provides a warm and safe space for young people to go to. Each week we provide a mix of snacks, games and activities and opportunities for them to discuss relevant topics and issues that they are facing in their lives. Alongside the Friday programme we_ provide additional support and counselling to 40 young people through our youth life groups. There are at least 2 trips away each year, to Manchester and to Knock in Cumbria. In all three locations we are striving to offer a faith filled and relevant programme for the youth of our communities.
The foodbanks in Richmond and Barnard Castle continued to supply donated food to the communities. With the current financial difficulties experienced by many individuals and families, demand has increased but the increased donations of food and finance to enable support to continue has been so encouraging. Grants from North Yorkshire Council, in particular, for the Richmond Foodbank and from Durham County Council for the Barnard Castle Foodbank and Bishop Auckland Breakfast Club have been so important in enabling the foodbanks to provide aid. A significant grant for Barnard Castle Foodbank was received from Point North Community Foundation. Many individuals have donated generously and consistently too. With the commencement of the new Lighthouse project at Penrith, which supplies food to needy members of the community, Westmorland and Furness Council have given a sizeable grant.
The schoo! uniform bank was again able to take place in all locations and was a tremendous help to many families struggling to afford school uniforms. Many of the above projects rely on unpaid volunteers who are part of the church congregation.
We also support International Missions in Asia and Africa, partnering with a flourishing church in Phnom Penh, Cambodia, who work to stop child sex trafficking and alleviate poverty. Both the Senior Pastors have visited Cambodia at least once a year in recent years to teach and support the emerging church leaders, working with the children, teenagers and adults in both Phnom Penh and their other church in Prey Romeas.
In Uganda we work in co-operation with Compassion UK combatting poverty in that country. Individuals in the church sponsor around 120 children through Compassion UK who provide education, food and general support for the children.
For the first time, Alpha Courses were run at Richmond and Barnard Castle providing the opportunity for non-church people or those new to church to explore Christianity. These, having proved successful, will be repeated in the coming years at these and the other locations.
Public benefit
The trustees have regard to the Charity Commission's guidance on public benefit and all issues relating to running a charity.
The activities outlined above are the main activities undertaken to further the purpose for public benefit.
Page |
Influence Church
Report of the Trustees for the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
When the name for the church was changed to Influence Church, the desire and aim of the charity was that we would be an influence for good in the community. Not only by providing opportunities for worship and associated Christian activities, with steadily increasing numbers attending, but to provide much needed support for needy people within the areas in which we operate.
The foodbanks in Richmond, Bamard Castle and in Bishop Auckland through their Breakfast Club, have been a great asset to the community. The three foodbanks have provided around 67,900 meals through the year. While primarily being a source of food supply, the foodbanks also provide a place where people can come, chat and share their problems and be helped in other ways.
The Elevate youth events too, are being a valuable asset in their local communities, seeking to provide safety, support and stability to this generation. Many young people are suffering with mental issues and Elevate has helped many combat these.
While being an influence for good in society can be a difficult and daunting prospect, the church is so grateful for all that the staff and the many volunteers do in seeking to fulfil this aim and we cherish all the successes that have been achieved through the year.
FINANCIAL REVIEW
Financial position
The Trustees regularly review key risks facing the church and the action being taken to mitigate these risks.
Principal risks include the level and consistency of church member giving and addressing the impact of any operational and staff resource challenges faced by each of our five campus locations, Strategies to address these risks include weekly communication at church services to encourage giving and regular formal and informal meetings with each campus leadership team to identify and address operational challenges.
During the year under review the Trustees met five times. The results for the year under review and financial position of the church are as shown in the financial statements and the Statement of Financial Activities and Balance Sheet show the details of the financial position of the church for the year ended 31st March 2025 and the accumulated funds at the year end.
Reserves policy
Our aim is to hold enough reserves, in the region of £20,000, to at least cover redundancy payments for staff if the need arose. At 31 March 2025 available reserves fall short of target, however when longer term liabilities are stripped out the balance is £21,457, the aim is to add to reserves on an ongoing basis.
Every two years, Influence Church takes a Vision Offering, an offering which is designed to finance future growth. This offering was taken in the previous year (amounting to £78,787) and not in the current year but much of that money was spent in the 2024-25 year resulting in a deficit for the year. This being the reason why accounts fluctuate between surplus and deficit.
In the last few years Influence Church has planted at three new locations across the North of England. These new churches are therefore, initially, dependant on the original church and an older planted location for finance to enable them to function and grow. It normally takes several years before they are self-funding, but we believe this is an investment well worth undertaking and will add strength for future days.
We own our building at Richmond and have a mortgage with Kingdom Bank with a balance of £61,552 at 31 December 2024, asum much less than 20% of its market value and in addition we hold other non-designated reserves. The trustees consider current levels of reserves to be adequate at present, but will be under regular review due to the church being committed to growth in the coming years.
Trustees are continuing to monitor the financial situation of the charity. Overall, we remain very confident for the future.
Page 2
Influence Church
Report of the Trustees for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Church is governed as per the Constitution and Trust deed adopted by the trustees on 23 January 2007 from a model supplied by Assemblies of God, with whom we are affiliated. Each Assemblies of God church is autonomous in_ its govemance and finances. The Senior Ministers, Pastor Ben Dowding and Pastor Gale Dowding have spiritual and day to day oversight of the charity. Pastor Ben is chair of the trustees as per the Constitution and is answerable to them. They meet approximately 5 times a year.
Recruitment and appointment of new trustees
There is no external body or person affecting appointments of trustees.
New trustees are appointed with adherence to the Charity Commission guidelines CC30. It is essential that they are a person committed to the teachings of the Bible and have a personal knowledge of God through Jesus Christ. They should be in agreement with the objectives and core values of Influence Church. Trustees are nominated to join the team by the Church Leadership and approved and appointed by the existing trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1052026
Principal address Victoria Road
RICHMOND North Yorkshire DL104AS
Trustees B Dowding M Hodgson A Hargreaves D J R Foster P Thomson C Payne
Independent Examiner
Christopher Beaumont BA (Hons) BFP FCA DChA Clive Owen LLP Chartered Accountants 140 Coniscliffe Road DARLINGTON Co Durham DL3 7RT
Approved by order of the board of trustees on AA lorl2a2e.. and signed on its behalf by:
it D JR Fogter = Trustee
Page 3
Independent Examiner's Report to the Trustees of Influence Church
Independent examiner's report to the trustees of Influence Church
I report to the charity trustees on my examination of the accounts of Influence Church (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concems 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 accounts to be reached.
----- Start of picture text -----
_ ee ee
7 mn 4 —
a
ae
----- End of picture text -----
Christopher Beaumont BA (Hons) BFP FCA DChA
Clive Owen LLP
Chartered Accountants 140 Coniscliffe Road DARLINGTON Co Durham DL3Date:7RT2 Qeadtte
Page 4
Influence Church
Statement of Financial Activities for the Year Ended 31 March 2025
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|2|327,802|68,080|395,882|394,736|
|Charitable|activities|5|
|Church|activities|21,710|-|21,710|38,598|
|Other|trading|activities|3|91|-|91|1,576|
|Investment|income|4|1,208|-|1,208|1,084|
|Total|350,811|68,080|418,891|435,994|
|EXPENDITURE|ON|
|Charitable|activities|6|
|Church|activities|378,852|8,000|386,852|366,394|
|Storehouse|food|bank|-|37,656|37,656|44,350|
|Breakfast|club|and|Elevate|Youth|-|12,888|12,888|12,616|
|Mini|Heros|-|39|39|1,236|
|Total|378,852|58,583|437,435|424,596|
|NET INCOMEAEXPENDITURE)|(28,041)|9,497|(18,544)|11,398|
|RECONCILIATION|OF|FUNDS|
|Total|funds brought|forward|122,143|15,940|138,083|126,685|
|TOTAL FUNDS CARRIED|FORWARD|94,102|25,437|119,539|138,083|
----- End of picture text -----
The notes form part of these financial statements
Page 5
Influence Church
Batance Sheet 31 March 2025
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED ASSETS|
|Tangible|assets|12|128,394|1,215|129,609|136,905|
|CURRENT|ASSETS|
|Debtors|13|1,528|-|1,528|1,461|
|Cash|at|bank|and|in|hand|35,535|24,222|59,757|69,386|
|37,063|24,222|61,285|70,847|
|CREDITORS|
|Amounts|fatling|due|within|one year|14|(15,606)|-|(15,606)|(9,438)|
|NET CURRENT ASSETS|21,457|24,222|45,679|61,409|
|TOTAL ASSETS|LESS|CURRENT|
|LIABILITIES|149,851|25,437|175,288|198,314|
|CREDITORS|
|Amounts|falling|due|after|more than|one year|15|(55,749)|-|(55,749)|(60,231)|
|NET|ASSETS|94,102|25,437|119,539|138,083|
|FUNDS|19|
|Unrestricted|funds|94,102|122,143|
|Restricted|funds|25,437|15,940|
|TOTAL FUNDS|119,539|138,083|
----- End of picture text -----
TheAUNON2O26...financial statements and werewere signedapproved on its behalfby the by: Board of Trustees and authorised for issue on
DJR 2k - i
The notes form part of these financial statements
Page 6
Influence Church
Notes to the Financial Statements for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’, the and the Charities Act 2011.
The financial statements are prepared on the going concern basis under the historical cost convention.
The trustees believe that it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements. The financial statements are prepared in sterling (£).
The principal accounting policies adopted in the preparation of the financial statements are set out below.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Grant income is accaunted for in the year in which it is received.
Foodbank donations
The charity operates a foodbank using donations from a variety of sources, The value of foodstuff donations to the church and onwards to the beneficiaries is not included in the financial statements as the trustee's consider that the cost of valuing these donations would outweigh the benefit.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Support costs directly attributable to an activity have been allocated to that activity. Where support costs cannot be directly attributed to any activity they have been allocated in proportion to direct expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property and improvements - 2%o on cost and not provided Leasehold improvements - 50% on cost Fixtures and fittings - 15% on cost Computer equipment - 15% on cost
The trustees consider that the residual value of the building within freehold property is equal to or greater than the carrying value within the accounts. Accordingly, no depreciation has been recognised in the period.
Tangible fixed assets are measured at cost less accumulated depreciation and impairment.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Page 7
continued...
Influence Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
- ACCOUNTING POLICIES- continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Basic financial instruments
Basic financial instruments are measured at amortised cost with changes recognised in income or expenditure.
Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The charity makes estimates and assumptions conceming the future. There are no resulting accounting estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Critical areas ofjudgement:
In the application of the charity's accounting policies the trustees are required to make judgements, estimates and assumptions about the carrying amounts of certain assets and liabilities. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The items in the financial statements where these judgements and estimates have been made include:Depreciation - Depreciation is calculated so as to write off the cost of an asset, less it's residual value, over the economic life of that asset. An estimate of the useful life of assets is detailed in the depreciation accounting policy.
Leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
DONATIONS AND LEGACIES
| DONATIONS ANDAND LEGACIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Donationsand grants | 303,978 | 311,193 |
| Gift aid | 44,203 | 41,658 |
| Foodbank donations and grants | 47,701 | 41,885 |
| 395,882 | 394,736 |
Income from donations and legacies was £395,882 (2024 - £394,736) of which £68,080 (2024 - £46,266) was attributable to restricted and £327,802 (2024 - ££348,470) was attributable to unrestricted funds.
Page 8
continued...
Influence Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
4. OTHER TRADING ACTIVITIES
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other | income | 91 | 563 |
| Room | hire | - | 1,013 |
| 91 | 1,576 |
Income from other trading activities was £91 (2024 - £1,576) of which £nil (2024 - £nil) was attributable to restricted and £91 (2024 - £1,576) as attributable to unrestricted funds.
4,
INVESTMENT INCOME
| 4, | INVESTMENT INCOMEINCOME | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Deposit account interest | 1,208 | 1,084 | |
| Income fromm investment income was unrestricted during both the current and previous year. | |||
| 5, | INCOME FROM CHARITABLE ACTIVITIES | ||
| 2025 | 2024 | ||
| Church activities |
Total activities |
||
| £ | £ | ||
| Church activities | 21,710 | 38,598 | |
| Income from charitable activitieswas unrestricted during both thecurrent and previous year. | |||
| 6. | CHARITABLEACTIVITIESCOSTS |
| CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|
| Direct | Support | |||
| Costs (see | costs | (see | ||
| note 7) | note | 8) | Totals | |
| £ | £ | £ | ||
| Church activities | 379,008 | 7,844 | 386,852 | |
| Storehouse food bank | 37,656 | - | 37,656 | |
| Breakfast club and Elevate Youth | 12,888 | - | 12,888 | |
| Mini Heros | 39 | * | 39 | |
| 429,591 | 7,844 | 437,435 |
Charitable activity costs were £437,435 (2024 - £424,596) of which £378,852 (2024 - £366,394) was attributable to unrestricted funds and £58,583 (2024 - £58,202) was attributable to restricted funds.
Page 9
continued...
Influence Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
nn DIRECT COSTS OF CHARITABLE ACTIVITIES
| nn | DIRECT COSTS OF CHARITABLECOSTS OF CHARITABLEOF CHARITABLECHARITABLE ACTIVITIES | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Staff costs | 222,080 | 214,248 | ||
| Rates and water | 681 | 692 | ||
| Insurance | 5,818 | 6,095 | ||
| Light and heat | 13,000 | 12,312 | ||
| Telephone | 1,421 | 1,295 | ||
| Postageand stationery | 3,787 | 3,043 | ||
| Advertising | 1,370 | 527 | ||
| Sundries | 2,713 | 1,929 | ||
| Church activities costs | 28,342 | 46,229 | ||
| Donations and giving | 36,366 | 31,993 | ||
| Foodbank costs | 17,368 | 16,659 | ||
| Rent payable | 42,815 | 27,266 | ||
| Pastorexpenses | - | 721 | ||
| Staffand volunteerexpenses | 14,359 | 14,771 | ||
| Hospitality | 2,039 | 1,223 | ||
| Repairs and renewals | 10,671 | 10,067 | ||
| Cleaningand sanitary | 4,126 | 3,622 | ||
| Bankcharges | 1,308 | 2,039 | ||
| Subscriptions | 1,974 | 1,860 | ||
| Breakfast clubsand Elevate Youth | 7,078 | 7,795 | ||
| Depreciation | 12,275 | 13,154 | ||
| 429,591 | 417,540 | |||
| a. | SUPPORTCOSTS | |||
| Govermance | ||||
| Finance | costs | Totals | ||
| £ | £ | £ | ||
| Church activities | 4,729 | 3,115 | 7,844 | |
| Support costs, included in theabove, are as follows: | ||||
| Finance | ||||
| 2025 | 2024 | |||
| Church | Total | |||
| activities | activities | |||
| £ | £ | |||
| Mortgage | 4,729 | 4,715 | ||
| Governance costs | ||||
| 2025 | 2024 | |||
| Church | Total | |||
| activities | activities | |||
| £ | £ | |||
| Independent examiners fees | 3,000 | 2,086 | ||
| Professional fees | 115 | 255 | ||
| 3,115 | 2,341 |
Page 10
continued...
Influence Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
9. TRUSTEES' REMUNERATION AND BENEFITS
During the year trustee remuneration totalled £35,568 (2024: £48,787). B Dowding received £35,568 (2024: £33,973) in his capacity as Senior Minister and D Hoyle received £nil (2024: £14,814) in his capacity as Campus Pastor, not as a result of their role as Trustees. The charity has also made pension payments on behalf of B Dowding of £2,346 (2024: £2,219) and £nil (2024: £689) on behalf of D Hoyle, these payments have again been made in recognition of their roles as Senior Minister and Campus Pastor respectively, not as a result of their role as Trustees.
There were no other benefits for the year ended 31 March 2025 or 31 March 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024,
10.
STAFF COSTS
| 10. | STAFF COSTS | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Wages and salaries | 204,672 | 199,106 | ||
| Social security costs | 7,914 | 6,303 | ||
| Otherpension costs | 9,494 | 8,839 | ||
| 222,080 | 214,248 | |||
| The average monthly numberofemployeesduring theyearwasas | as follows: | |||
| 2025 | 2024 | |||
| Administration and management | 15 | 14 | ||
| Noemployees received emoluments inexcessof£60,000. | ||||
| Il. | COMPARATIVES FOR THESTATEMENTOFFINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 348,470 | 46,266 | 394,736 | |
| Charitable activities | ||||
| Church activities | 38,598 | - | 38,598 | |
| Other trading activities | 1,576 | - | 1,576 | |
| Investment income | 1,084 | - | 1,084 | |
| Total | 389,728 | 46,266 | 435,994 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Church activities | 366,394 | - | 366,394 | |
| Storehouse food bank | - | 44,350 | 44,350 | |
| Breakfast cluband Elevate Youth | - | 12,616 | 12,616 | |
| Mini Heros | - | 1,236 | 1,236 | |
| Total | 366,394 | 58,202 | 424,596 |
Page ||
continued...
:
Influence Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 11. | COMPARATIVES FOR THESTATEMENTOF | COMPARATIVES FOR THESTATEMENTOF | OF FINANCIAL | OF FINANCIAL | ACTIVITIES - continued | ACTIVITIES - continued | |
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| fund | funds | funds | |||||
| £ | £ | £ | |||||
| NETINCOME/EXPENDITURE) | 23,334 | (11,936) | 11,398 | ||||
| RECONCILIATIONOF | FUNDS | ||||||
| Total funds brought forward | 98,809 | 27,876 | 126,685 | ||||
| TOTAL FUNDSCARRIEDFORWARD | 122,143 | 15,940 | 138,083 | ||||
| 12. | TANGIBLE FIXED ASSETS | ||||||
| Freehold | |||||||
| property | Fixtures | ||||||
| and | Leasehold | and | Computer | ||||
| improvements | improvements | fittings | equipment | Totals | |||
| £ | £ | £ | £ | £ | |||
| COST | |||||||
| At 1 April 2024 | 133,359 | 11,456 | 147,348 | 12,934 | 305,097 | ||
| Additions | - | - | 635 | 4,344 | 4,979 | ||
| At 31 March 2025 | 133,359 | 11,456 | 147,983 | 17,278 | 310,076 | ||
| DEPRECIATION | |||||||
| At 1 April 2024 | 23,761 | 11,456 | 123,489 | 9,486 | 168,192 | ||
| Charge for year | 1,867 | - | 9,108 | 1,300 | 12,275 | ||
| At 31 March 2025 | 25,628 | 11,456 | 132,597 | 10,786 | 180,467 | ||
| NET BOOKVALUE | |||||||
| At 31 March 2025 | 107,731 | - | 15,386 | 6,492 | 129,609 | ||
| At 31 March 2024 | 109,598 | - | 23,859 | 3,448 | 136,905 | ||
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Prepaymentsandaccruedincome | 1,528 | 1,461 |
Page 12
continued...
Influence Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHINONEYEAR | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans and overdrafts (see note 16) | 4,670 | 4,445 | |
| Social security and othertaxes | 2,596 | 1,894 | |
| Other creditors | 4,585 | 242 | |
| Accruals and deferred income | 3,755 | 2,857 | |
| 15,606 | 9,438 | ||
| 15. | CREDITORS: AMOUNTS FALLING DUEAFTERMORETHAN ONE YEAR | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (see note 16) | $5,749 | 60,231 | |
| 16. | LOANS | ||
| An analysisofthematurity ofloans isgiven below: | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts fallingduewithin one yearondemand: | |||
| Bank loans | 4,670 | 4,445 | |
| Amounts fallingbetween one and two years: | |||
| Bank loans - 1-2 years | 5,014 | 4,705 | |
| Amounts falling duebetween twoand five years: | |||
| Bank loans - 2-5 years | 17,358 | 16,408 | |
| Amounts falling due in more than five years: | |||
| Repayable by instalments: | |||
| Bank loans morethan 5 years by instalments | 33,377 | 39,118 | |
| 17. | LEASINGAGREEMENTS | ||
| Minimum lease payments undernon-cancellable operating leases fall dueas follows: | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Within one year | 15,744 | 14,688 | |
| Between one and five years | 45,000 | 57,944 | |
| 60,744 | 72,632 |
Page 13
continued.,
Influence Church
18, SECURED DEBTS
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
The following secured debts are included within creditors:
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Bank|loans|60,419|64,676|
|The debts|are|secured|bya|fixed and|floating|charge|over the assets of|the charity.|
|19,|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.4.24|in|funds|31.3.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|122,143|(28,041|}|94,102|
|Restricted|funds|
|Storehouse|food|bank|15,149|10,288|25,437|
|Mini|Heroes|39|(39)|-|
|Breakfast|club and|Elevate|Youth|752|(752)|-|
|15,940|9,497|25,437|
|TOTAL FUNDS|138,083|(18,544)|119,539|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|350,811|(378,852)|(28,041)|
|Restricted|funds|
|Storehouse|food|bank|47,944|(37,656|)|10,288|
|Mini|Heroes|-|(39)|(39)|
|Breakfast|club and|Elevate|Youtit|12,136|(12,888)|(752)|
|Other|restricted|grants|8,000|(8,000)|-|
|68,080|(58,583)|9,497|
|TOTAL FUNDS|418,891|(437,435)|(18,544)|
----- End of picture text -----
Page 14
continued...
Influence Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
19, MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.4.23|in|funds|funds|31.3.24|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|98,809|23,334|-|122,143|
|Restricted|funds|
|Storehouse|food|bank|16,785|(1,153)|(483)|15,149|
|Mini|Heroes|39|-|39|
|Breakfast|club and|Elevate|Youth|11,091|(10,822)|483|752|
|27,876|(11,936)|-|15,940|
|TOTAL FUNDS|126,685|11,398|-|138,083|
|Comparative|net|movement|in|funds,|included|in|the|above|are as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|489,728|(366,394|}|23,334|
|Restricted|funds|
|Storehouse|food|bank|43,197|(44,350)|(1,153)|
|Mini|Heroes|1,275|(1,236)|39|
|Breakfast|club and|Elevate|Youth|1,794|(12,616)|(10,822)|
|46,266|(58,202)|(11,936)|
|TOTAL FUNDS|435,994|(424,596|)|11,398|
|A current|year|12|months|and|prior|year|12|months|combined|position|is|as|follows:|
|Net|Transfers|
|movement|between|At|
|At|1.4.23|in|funds|funds|31.3.25|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|98,809|(4,707)|-|94,102|
|Restricted|funds|
|Storehouse|food|bank|16,785|9,135|(483)|25,437|
|Breakfast|club and|Elevate|Youth|11,091|(11,574)|483|-|
|27,876|(2,439)|;|25,437|
|TOTAL FUNDS|126,685|(7,146)|-|119,539|
----- End of picture text -----
Page 15
continued...
Influence Church
-
MOVEMENT IN FUNDS- continued
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|740,539|(745,246)|(4,707)|
|Restricted|funds|
|Storehouse|food|bank|91,141|(82,006|}|9,135|
|Mini|Heroes|1,275|(1,275)|-|
|Breakfast|club|and|Elevate Youth|13,930|(25,504|}|(11,574)|
|Other|restricted|grants|8,000|(8,000|}|-|
|114,346|(116,785|}|(2,439)|
|TOTAL FUNDS|854,885|(862,031)|(7,146)|
----- End of picture text -----
The Storehouse food bank fund relates to grants and donations specifically for the operation of the food bank.
The Breakfast club and Elevate Youth fund relates to grants from Durham County Council for the setting up and running of a breakfast club and teenager related activities, other donations are occasionally restricted to this fund also.
A donation of £8,000 was received in the year to pay the staff a bonus.
RELATED PARTY DISCLOSURES
Trustees have made donations of £41,594 (2024: £78,491) to the church during the year. Family members of trustees have made donations of £9,865 (2024: £13,508) to the church during the year.
Remuneration, including pension contributions, paid to family members of trustees during the year was £89,107 (2024: £92,762).
Page 16