Charity. registration number: 1052575 Carlton Pentecostal Church Annual Report and Financial Statements for the Year Ended J l December 202J CommuIiity Accounting Plus Units l & 2, North West 41, Talbot Street Nottinu NGI 5GL
Carlton Pentecostal Church Contents (continued) Reference and Adminlstrative Delails Trustees, Report 2to6 Independent Examine¢s Report Statement of Financial Activities Balance Sheet Cash Flow Statement io Notes to the Financial Statements
Carlton Pentecostal Church Reference and Administrative Details Trustees Margaret Coy Darryl Holi Jeanette Bucknall Kenneth Troake Shaun Holt Peter Lord David Henshaw Betty Waldron Shaun Holt. Church Pastor Senior Management Team Angela Arnold-Phipps, Nursery Manager Charity Registration Number 1052575 Principal Offiee 49 Station Road Carlton Nottingham NG4 JAR Independent Examiner John O'Brien. employee of Community Accounting Plus Units l & 2. North West 41, Talbot Street Nottingham NGI 5GL Bankers HSBC 104 Front Street Arnold Nottingham NG5 7EG Llovds Bank 12-16 Loiver Parliament Street Noltingham NGI JDA Kinudom Bank Ruddington Fields Business Park Mere Way Ruddingion NGII 6JS Page I
Carlton Pentecostal Church Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2023. Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Tnte¢S.. Margaret Coy Daryl Holt Jeanette Bucknall Kenneth Troake Shaun Holt Peter Lord David Henshaw Betty Waldron Strueture, governanee and management Nalure ofgoverning documenl The operation of the charity is governed by the Model Constitution and Trust Deed which was adopted by Special Resolution on 7th September ?006. Recruilment and appoinlment of irustee5 Regardless of the skills and abilities of the outuoing Trustees. the COrnTnittee asse55es it5 current iieeds and identifies any ski115 gaps. Thi5 evaluation determine5 whether a replacenient 15 iiece55ary. If a replac¢Tnent IS required, the committee will consider congregation members who have demonstrated the needed skills and shown a strong commitment lo the church. These individuals will be discussed by the committee, and if they receive a successful vote, they will be approached io see ifthey are willing to join the committee. Those approached will be provided with the guidance prepared by the Charity Commission and the committee's tern]s of reference. If they accept, they will be fonnally voted in. Ir they decline, the process will be repeated until a suitable candidate is found. Page 2
Carlton Pentecostal Church Trustees, Report (continued) Objeclives and activities Objects and aims The objectives of Carlton Pentecostal Church are to proclaim the good new5 of Jesus Christ. to help believers develop in their faith and fulfil their potential and to reach out to the marginalised in our society.. regardless of their background or beliefs= to advance the Christian faith in accordance with the statement of belief5 in such parts of the United Kingdom or the world a5 the Trustees from titne to time think fit- to relieve all aspects of poverty and to promote and preserve 'elIbeIng by the provision of funds, goods or services of any kind. including through the provision of counsellino and support in such other parts of the United Kingdom or the world as the Trustees from time to time may think fit. • to advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit. The main activiiies of the Charity include: Worship and Fellowship, Sunday worship services. Bible studies. Mid-week fellowship meetings, Prayer meetings, Community Services, Pre-school nursery. Charity shop. Saturday cinem4 Indoor short mat bowls, Pastoral counselling, Hospital and home visits, Wedding services, Funeral services, Child dedication services, Sunday school, Craft Classes, Music practice sessions. Overseas aid, Donations to individuals suffering from poverty. Public benefil All of our activities are designed with ihe public benefjt in mind and this remains the focus of the charity. Our aims and efforts provide both direct and indirect benefits to individuals in need. These benefits are accessible to the public without unreasonable restrictions and are certainly not limited by an individual's ability to pay. The trustees confinn that they have complied with the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Carlton Pentecostal Church Trustees, Report (continued) Achievements and performance The church offers a wide range of services, not only on Sundays but throughout the NTreek, airning to support the community socially. physically, emotionally. and spiritually. We achieve this through our faith-based services and community projects. Our initiatives include.. • Sunday Services.. We conduct successful Sunday services for our church community and visitors. Community Support: We support individuals in need locally and oiher charities both nearby and worldwide. This includes providing food. rent assistance. and clothing for local homeless projects. Charity Shop.. We run a successful charity shop that serves the M'ider community, offering donations of clothing and household items. Discipleship and Pastoral Support- We invest in the discipleship of our members through pastoral support, relevant courses. and written literature. Faith-Based Services- We provide various faith-based services and activities, including child dedications, funerals, and weddings. Community Activities.. Every Wednesday. we host an indoor short mat bowls group, accessible to the community for free. Saturday Cinetna: Monthly, we offer a Saturday cinema event with a movie and a free meal. . Day Nursery: We operate a day nursery open five day5 a week from 8 AM to 6 PM. School Partnerships.. We liaise wilh local schools. often through a school support worker, to supply items such as fumiture, clothing, and financial help for needy families. Overseas Support: Our financial support exlends overseas, including to Eastern Europe. • Regular Donations: Throughoui 202J. our members have regularly donated food and essential items to support the homeless and those in financial need. Member Support.. We support congregation members via lelephone, online platfomis, and home and hospitsl visits. Financial review In 2023 the nursery experienced a series of challenges mainly regarding the number of children enrolled. The trustees have enlisted the support of an experienced childcare professional to help adress the situation. After a number of changes implemented, the nursery has made a significant recovery up to the second quarter of 2024. Policy on reserves We maintain a level of free reserves to mitigate against the risk of unexpected events that could place the charity in financial difficulty. Such events might include situations that bring Carlton Pentecostal Church into disrepute, prolonged closures of our premises, or significant declines in the economic environment. The level of unrestricted free reserves is asse55ed in alignment with our insurance policies and our budgeted long-term and tnedium-temi financial commitments. OUT insurance policies cover the church and trading activities for unexpected incotne losse5 for up to two years. Our goal is to maintain financial reserves equivalent to three months, worth of our medium to long-tern] financial commitments. This provides us wilh sufficieni flexibilit), to manage temporary shortfalls in income and allows the church to respond effectively to UnfO$een emergencies while specific action plans are implemented. Granl maA"ingpolicies All applications for grants should be made in writing to Ihe Trustees of Carlton Pentecostal Church. The number of projects which can be supported by the Charity is, of necessity, limited to the amount of funds available for distribution in any year. Page 4
Carlton Pentecostal Church Trustees, Report (continued) Plans for fulure periods Aims und key objeclivesforfulureperiods Our vision for the future is for the church to continue to grow and be effective. We will continue to look at ways to improve how. we can do this. Our objectives will remain the same for the foreseeable future and in the next few years, we plan to continue nning progratns and courses to help us achieve our aim5. In the coming year, we plan to continue to upgrade the nursery facilities. This will include modernising one of the nursery bathrooms and updating the flooring. Long-temi plans will see us modernise the church diner area, including a new roof. Page 5
Carlton Pentecostal Church Trnstees, Report (contlnued) Statement of Responsibilities The trustees are responsible for preparing the trustees, rq)ort and the financial statements in a¢cordaDce with the United Kingdom Accounting Standards nited Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requircs the Intee5 to prepare fllwicial statements for each financial year which give a true and fair view of the stat¢ of affaiT5 of the chaTity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to." select suitable ac¢ouDting policies and then apply them consist¢nily: observe the methods and principles in the Charities SORP" make judgements and estimates that are re&sonable and prndellt: state whether applicable accounting standaTds have been followe subject to any material departures disclosed and explained in the fmancial statements: and prepare the financial ststements on the going concern basis UDle&s it is inappropriate to presull that the ¢Ilty will continue in busin. The trnst¢¢s are responsible for keeping proper accounting records that di5clos¢ with rwonable accuracy at any time th¢ financial position of the charity and enable them to ensure thai the financial statements comply with th¢ Charities Act 2011, the ChaTities (Accounts and Rew)rts) Regulations 2008, and the provisions of the ll5titution. The trustees are also responsible for safeguarding the assets of the clwity and hence for taking reasonable steps for the prevention and detection of fraud and otber irregularities. The trustees are responsible for the maintenance and integrity of corporate and financial information included on the charitable coMpanS websile. Legislation govcrning the preparation and dissemination of fmancial statements n]ay differ from legislation in other jurisdi¢tioDs. The annual report vras approved by the INstees of the charity on .i.S.:.(n:14.. and signed on its behalf by." 'HeDsbaw Trste¢ Pag¢ 6
Carlton Pentecostal Church Independent Examiner's Report to the trustees of Carlton Penteeostal Church Independent examiner's report lo the trustees of Carlton Pentecostal Church L report to the trustees on my examination ol the accounts of Carlton Pentecostal Church (the Charity) for the year ended 31 December 2023. 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 Act,). I report in respect of my examination of the Charitv's accounts carried out under section 145 of the 201 l Act and in carry'ing out my examination I have followed all the applicable direction5 given by the Charity Commission under section 145(5)(b) of ihe Act. Independent examiner's statement Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confirn] that l am qualified to undertake the examination because l am a rnember and Fellow of the Association of Charity Independent Examiner5. which is one of the listed bodies. I have completed my examination. I confirni that no 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 Charity as required by section 130 of the Act- or 2. the accounts do not accord with those records- or 3. the accounts do not comply with the accounting requirements concerning the forni 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 faiv view which is not a matter considered as part of an independent exatnination. I have no concerns and have come across no other matters in conneclion with the examination to which attentlon should be dra in this report in order to enable a proper understanding of the accounts to be reached. John O'Brien MSC, FAIA. FCCA, FCIE. employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2, North West 41, Talbot Street Nottingham NGI 5GL 2410912024 Page 7
Carlton Pentecostal Church Statement of Financial Activities for the Year Ended 31 Deeember 2023 Totsl 2023 Total 2022 Unrestricted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 95,656 4?7,095 96,858 2,098 95,656 427,095 96,858 2,098 I lJ,240 92,923 510 Total Income 6?1,707 621,707 659,984 Expenditure on: Charitable activities (632.795) (63?.795) (534,203) Total Expenditure (6J2.795) (632,795) (534,203) Net movement in funds (11,088) (11,088) 125,781 Reconciliation of funds Total funds brought fonvard 915,515 915,515 789,7J4 Total funds carried forward 904,427 904,427 915,515 All of the charity's activities derive from continuing operations during the above two periods. The notes on pages I I to 18 forni an integral part of these financial statements. Page 8
Carlton Pentecostsl Church (Registration number: 1052575) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets 13 476.273 498,219 Current assets Debtors Cash at bank and in hand 14 6,325 429,139 12.983 412,302 15 435,464 425285 Creditors: Amounts falllng due wltlthi One year Net currenl assets 16 (7,310) 7,9891 428,154 417,296 Net assets 904,427 915,515 Funds of the charity: Unrestri¢ted Incon funds Unrestricted fimds 904.427 915,515 Total funds 904,427 915,515 The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on .1£1Q912Q24 and signed OD tbeir behalf by: Shaun Holt Trustee The notes on pages l I to 18 forni an ititegrdl part of th¢sc financial stat¢ments. Page 9
Carlton Pentecostal Church Cash Flow Statement for the Year Ended 31 December 2023 2023 2022 Note Cash flows from operaling activities Net cash (expenditure)/income (11,088) 125,781 Adjustments to cash fioils from non-cash items Depreciation Investment income 24,946 (2,098) 11,760 26,176 (510) 151,447 Working capital adjuslments Decreasel(increase) in debtors (Decrease)/increase in creditors 14 6,658 (679) (J,580) 797 16 Net cash flows from operating activities 148,664 Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets 2,098 (3,000) 510 (27,682) 13 Net cash flows from investing activities (902) (27,172) Net increase in cash and cash equivalents 16.837 121,492 Cash and cash equivalents at l January 412,302 290,810 Cash and cash equivalents at 31 December 429,139 412,302 Reconciliation of net cash flow to movement in net funds Increase in cash 16,837 121,492 Net funds at l January 202) 412,302 290,810 Net funds at J l December 202J 429,lJ9 412,302 All of the cash flows are derived from continuing operdtions during the above two periods. The notes on pages I I to 18 forni an integral part of these financial statements. Page 10
Carlton Pentecostal Church Notes to the Financial Statements for the Year Ended 31 December 2023 l Accounting policie5 Statement of cotnpliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting SiandaTd applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Ba515 of preparatio Carlton Pentecostal Church meets the definition of a public benefit entity under FRS I O? Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slaied in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or condllions thal may cast signiflcant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Income and endowments Voluntary income including donations. gifts. legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income. it is probable that the income will be received and the amount can be tnea5ured with 5UtTicient reliability. Donalions and legacies Donations and legacies are recogni5ed on a receivable basis when receipt is Probable and the amount can be reliably measured. Grants receivable Grants are recognised when the charity has an entitlement to the fund5 and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met. the income is recognised as a liability and included on the balance sheet as deferred income to be released. Expenditure All expenditure is recognised once there 15 a legal or constructive obligatiOT] to that expenditure, it is probable settlement is required and the amount can be measured reliably. All cost5 are allocated to the applicable expenditure heading that agtrregate similar costs to thai ¢aieoorn'. Where costs cannot be directly attributed to particular headings the>. have been allocaied on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable aclivikies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both cosis thai can be allocated directly to such activities and those costs of an indirect nature necessary to support ihem. Pagell
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2023 (continued) Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred: it is recognised as deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gain5 received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gain5 Act 1992, to the extent that such income or gain5 are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed a55ets costing £500.00 or more are initially recorded at cost. less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amort15atio Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expected useful economic life as follows: Asset class Freehold land & buildings Motor vehicles Furniture & equipment Depreciation method and rate 20/0 straight line 25 % reducing balav]ce 15 % reducing balance Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequentlN' measured at amortised cost using the effective interest method. less provision for impaimient. A provision for the impairnient of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other 5hort-tenn highly liquid investments that are readily convertible to a known amount ol cash and are Subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general fund5 that are available for Use at the tStee5, discretion in furtherance of the objectives of the charity. Page 12
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2023 (continued) Pensions and other post retirement obligations The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year. 2 Income from donations and legacies Unrestricted funds General Total 2023 Total 2022 Donations and legacies; Donations from individuals Grants, including capital grants; Government grants 95.656 95.656 112,665 575 95,656 95,656 113,240 3 Grants and donations Unrestricted funds Total funds Sundry donations 95.656 95,656 95,656 95,656 4 Income from ¢harilable aclivilies Unrestricted funds General Total 2023 Total 2022 Fees 426,661 420 14 426,661 420 14 452,557 540 214 Hall hire Sundry income 427,095 427,095 453,311 5 Ineome from other trading activities Unrestricted funds General Total funds Total 2022 Trading income; Shop income from sale of donated goods and services 96,858 96,858 92,923 96,858 96,858 92,923 Page IJ
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2023 (continued) 6 Investment income Unrestricted funds General Total 2023 Total 2022 Interest receivable and similar income- Interest receivable on bank deposits 2,098 2,098 510 7 Expendilure on charitable activities Unrestricted funds General Total 2023 Total 2022 Advertising & promotion Activities & trips Insurance Homeless ministry Grants & donations paid Equipment, repairs & renewals Legal & professional fees IT costs Bank Charges Cleaning Food Sundry payments Depreciation Premises maintenance & security Printing, copying & stationery Publications & subscriptions Rent & services Saturday cinema Transport Supplies Telephone & postage Trade waste Training Utilities Vehicle costs Wages, NIC & pension5 34 158 4,666 200 9,526 13,962 4,070 210 542 5,245 500 7,959 41,057 4,367 1,296 195 5,245 500 7.959 41.057 1.296 195 565 692 12,555 258 12.419 12,419 24.946 252 24.946 252 26,176 591 461 6,106 7.500 1.002 655 6.106 7,500 1,002 655 7,500 238 69 9,561 1,109 3,032 671 14.985 1,756 3,911 2,438 14,985 1,756 2,438 16,735 2,660 475,418 19,408 1,823 412,713 2.660 475,418 63? 795 632,795 534,203 Page 14
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2023 (continued) 8 Independent examiner'5 fee5 During the period, the fees payable (excluding VAT) to the charity's independent exarniner Community Accounting Plus are analJ'5ed as folloii's= 2023 2022 Independent examination Other financial services 1.565 1.931 1,450 1,732 9 Net incomingloutgoing resources Net (outgoing)/incoming resources for the year include: 2023 2022 Depreciation of fixed assets 24,946 26,176 l O Truslees remuneration and expenses During the year the charity made the following transactions with trustees: Shaun Holt Shaun Holt received remunerdtion of £i3,666 (2022: £il,786) and £Nil (2022: £lil) of expenses were reimbursed to Shaun Holt during Ihe year. Gross Salary £29,856 (2022.. £28.13J)- Employer NI contributions £2:865 (2022-. £2,777)- Employer pension contributions £945 (2022= £876). Clause l 0.3 of the Charity s governing document allows a member of the Church Council (the trustees) to be employed by the charity. No trustees have received any other benefits from the charity during the year. Page 15
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2023 (continued) I I Staff costs The aggregate payroll costs were as folloivs= 2023 2022 Staff costs during the year were: Wages and salaries Social security costs Pension costs 446,312 19,766 9,340 387,919 16,810 7,984 475,418 412,713 The monthly average number of persons (including senior management team) employed by the charity during the y.ear w'as as follows= 2023 2022 Employees 28 20 (2022 - 21) of the above employees participated in the Defjned Contribution Pension Schemes. Contributions to the employee pension 5cheme5 for the year totalled £9,340 (2022 - £7,984). No employee received emoluments of tnore than £60,000 during the year The total employee benefits of the key mavjagement personnel of the charity were £64,653 (2022 - £62,591). 12 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 16
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2023 (continued) 13 Tangible fixed a55ets Land and buildings Furniture and equipment Motor vehicles Total Cost At l January 2023 Additions 750,000 150,416 4.000 904,416 3,000 At il December 202) 750,000 153,416 4,000 907.416 Depreciation At l January 2023 Charge for the year J15,000 15,000 406,197 24,946 9.914 At 31 December 2023 330,000 97,238 3.905 431,143 Net book value At 31 December 2023 4?0,000 56,178 95 476,27) At JI December 2022 435,000 63,092 127 498,219 14 Debtors 2023 2022 Trade debtors Prepayments Other debtors 5,067 1,071 187 1,354 1,629 15 Cash and cash equivalents 2023 2022 Cash on hand Cash at bank 971 428,168 157 412,145 429,lJ9 412,302 16 Credilors: amounls falling due within one year 2023 2022 Other taxation and social Security Other creditors Accruals 5,390 4,625 1,486 1,878 1.920 7.989 Page 17
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2023 (continued) 17 Related partv transactions During the year the charity made the following related party transactions.. F Holt (Daughter-in-law of D Holt) Remuneration of £27,489 (2022 - £?3,900). At the balance sheet date the amount due to/from F Holt was £Nil (2022 £Nil). Page 18