Charity registration number: 1052575 Carlton Pentecostal Church Annual Report and Financial Statements for the Year Ended J l December 2024 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 David Henshaw Betty Waldron Kara Lee Head Nursery Manager Shaun Holt. Pastor Senior Management Team Charity Registration Number 1052575 Principal Office 49 Sthiion Road Carlion Nottingham NG4 JAR Independent Exan]iner John O'Brien. employee of Community Accounting Plus Units l & 2, North West 41. Talbot Street Nottintsham NGI 5GL Bankers HSBC 104 Front Street Arnold Nottingham NG5 7EG Kingdom Bank Ruddington Fields Business Park Mere Way Ruddington NGI 16JS Co-operative Bank 15 Elder Way Chesterfield Derbyshire S40 IUX 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 2024. 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 (resigned 8 Seplember 2024) 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 if they 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. If they decline, the process will be repeated until a suitable candidate is found. Page 2
Carlton Pentecostal Church Trustees, Report (continued) Major risks and managenient of Ihose risk5 J. Ri.gk of.fiist13ined Financial Drop o Likelihood= Low o Impact.. High o Action= The charity will retain a financial buffer equivalent to at least three months, running costs. This reserve will provide the Trustees time to convene an emergency meeting to consider various mitigation measures. 2. Risk of.Serioxs Formal Complainl or Legal Aclion o Likelihood: Low o Impact.. Medium o Action.. The Trustees will manage complainls in accordance with the agreed policy. They will also ensure that the charity has su1Clent and appropriate insurance coverage for all activities and functions. Additionally, all activities conducted by or on behalf of the charity will be accompanied by an appropriate risk assessment. 3. Risk of.Seriowf .Srfeguarding Incidenl o Likelihood- Low o Impact.. High o Action- The Trustees will handle all Safeguarding incidents in line with the safeguarding policy, which is reviewed annually. Objectives and activities Public benefil All of our activities are designed with the public benefit 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 '1th the requirements of seciion 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) Objects ond ain The objectives of Carlton Peniecostal Church are to proclaim the good news of Jesus Christ. to help believers develop in their faith and lfIl their potential and to reach out to the marginalised in our society, regardless of their background or beliefs: • To advance the Christian faith= This M'ill be done in accordance with our statement of beliefs, in various parts of the United Kingdom and the 'Orld as deemed appropriate by the Trustees. • To alleviate poverty and promote well-being: This includes providing funds, goods, or services, and offering counseling and support to those in nee(l in any part of the United Kingdom or the world as detennined by the Trustees. To advance education- This objective will be pursued in ways and in location5 across the United Kingdom and the world as deemed fit by the Trustee5. The main activities of the charity include= Worship and FellO'Ship. Sunday worship 5ervice5. Bible studies. Mid-lveek fello'ship meetings: Prayer meetinu5, Community. Services, Pre-school nursery. Charity shop. Saturday cinema Indoor Short mat bowls, Pastoral counselling, Hospital and home visits. Wedding 5ervice5. Funeral services: Child dedication services, Sunday school, Craft Classes. Music practice sessions. OV¢eaS aid, Donations to individuals suffering from poverty. Achievements and performance The church offers a w'ide range of services, not only on Sundays but throughout the week. atming to support the community socially, ph>'sically, emoiionally, and spiritually. We achieve (his through our faiih-based services and community projects. Our initiatives in¢lude: Sunday Services.. We conduct a well attended Sunday service for our church community and visitors. Community Support= We support individuals in need locally and other charities both nearby and worldwide. This includes providing food, rent assistance: and clothing for local homeless projects. Charity Shop: We run a charity shop that serves the wider 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 MTitten literature. Faith-Based Services= We provide various faith-based service5 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. On Monday evening we run a crochet group. also accessible to the community for free. Saturday Cinema: Monthly. we offer a Saturday cinema event with a movie av]d a free meal. Day Nursery: We operai¢ a da), niirsery, open five days 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 furniture. clothing, and financial help for needy families. We also host Christmas services for schools. Overseas Support: Our financial support exiends overseas. including to Eastern Europe. Regular Donations- Throutshout 2024, our members have gUlarl. donated food and essential items to support the homeless and those in financial need. Member Support.. We support congregation members via telephone, online platfornls, and home and hospital visits. Page 4
Carlton Pentecostal Church Trustees, Report (continued) The Charity Trustees would like to extend their heartfelt thanks to all the volunteer5 who have worked tirelessly to make the church and its activities a success. Aims and Key Objectives for Future Periods Our vision for the future is for the church to continue to grow and be effective. We will continue to explore ways to improve how we can do this. We are grateful to have been able to continue supporting individuals and families throughout 2024. as well as chariiable activilies in our community. Also supplying funds, food and clothing donaiions for homeless support in Ihe City Centre and fundraising for Hayward House and for young people leaving care. We were also able to undertake maintenance and repair work on our building. We made progress on the roof updating project, and w'e are hoping for ivork to SL in 20?5. This coming year, we are looking to partner with the local churches for an evenl called "Revive Nottingham" aimed at supporting people from the local community. Our objectives will remain the same for the foreseeable future. and in the next few years, we plan to continue running programs and courses to help us achieve our aims. Financial rei'iew In 2024, the charity registered a surplus across all the departments. We want to thank everyone who continues to support the w'ork that the charity does. We are grateful to the employees, volunteers. and everyone involved for making everything we do possible. Policy on reserves We maintain a level of free reserve5 to mitigate against the risk of unexpected events that could place the charity in financial difficulty. Such events tniJt 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-term financial commitments. Our iv]surance policies cover the church and trading activities for unexpected income losses for up to two yew3. Our goal is to maintain financial serveS equivalent to three months, worth of our medium to long-term financial commitments. This provides us with sufficient flexibilily to manage temporary shortfalls in income and allows the church to respond effectively lo unforeseen emergencies while specific action plans are implemented. Grant makingpolicies All applications for grants should be Tn2de in writing to the Trustees of Carlton Pente¢ostsl Church. The number of projects which can be supported by the Charity is. of necessity, limited to the arnount of fimds available for distribution in any year. Page 5
Carlton PentoStal Chureh Trustees, Report (continued) Statement of Responsibilitles The InteeS are responsible foi preparing the trusts, report and the financial statements in ac¢ordan¢e with the United Kingdom Accounting Stsndar(ts (United Kingdom Generally Acwiled Accounting Practice) and applicable law alld regulations. The law applicable to charities requires the trte to prepare financial statements for each financial year which give a tNe and fair view of the stste of affairs of the eharity and of the incoming resources and application of resources of the charity for that period. In prryiaring thesc financial statement& thc trustees are required to: select suitsble accounting policies and then apply thcrn consistently" ob5erYe the methods and principles in the Clwities SORP: rllake judgements and eiMateS that ar¢ reasonable and prudent: State whether applicable accounting standards have been followed. subject to any material departures dis¢105ed and explained in the fitwiciai ststements. and prepare the financial statements on the going conRrn basis unless it is inappropriate to pres that the charity will continue in busincss. The trustees are resEM)nsible for keeping prop¢r auntillg [C[dS that disclose with reasonable a¢¢urdCy at any time the fllwicial position of the charity and eDable them to ensure that the finaneihl Statements comply with the Clwities Act 2011. the Clwities (Accounts and Reports) Regulations 2008, and the provisions of the coustitution. The trths are also responsible for safeguarding the assets of tbe cjwity and bence for taking rea50Dable steps for the prevention and detection of fraud and othcr ]egularl11es. The tTUSttts are responsible foT the MaIntjanCe and integrity of thc wq>orate and financial inf0mtiOn includcd on the charitable company's website. l£gislation governing the preparation and dissemiDation of financial $tatsments may differ from l¢gi51ation in other jUTisdictions. The annual Tq)Ort was approved by the trustees of Ihe cbarity on.l.o:olj.f. and signed on its behalf by. David Truste¢ Page 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 2024. 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 the 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 Tnember 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. 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 2410912025 Page 7
Carlton Pentecostal Church Statement of Financial Activities for the Year Ended 31 Deeember 2024 Totsl 2024 Total 2023 Unrestricted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 113,7)0 5)7,02) 86,478 4,065 113,7iO 537,02) 86,478 4,065 95,656 427,095 96,858 Total Income 741,296 741,296 621,707 Expenditure on: Charitable activities (655.497) (655.497) (632,795) Total Expenditu (655.497) (655,497) (632,795) Net movement in funds 85,799 85,799 (11,088) Reconciliation of funds Total funds brought fonvard 904,427 904,4?7 915,515 Total funds carried forward 990,296 990,226 904,427 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 Pentecostal Church (Registration number: 1052575) Balance Sheet as at 31 December 2024 2024 2023 Note Flxed assets Tangible assets 13 456.854 476,273 Current assets Debtors Cash at bank and in hand 14 15 8,562 541,320 6,325 429,139 549,882 435,464 Creditorg: Anllts fglling due wlthin one year 16 (16.510) 7.310) Net current sets 533,372 428,154 Net aMets 990,226 904.427 Fund8 of the thsirity: Unrestricted income funds Unresttx¢ted fulld5 990,226 904,427 Total fund5 990,226 904,427 The fin statements on pages 8 to 18 ivere approved by th¢ trustees. and authorised for issue on .. and signed on their behalf by: Shaun Holl Trustee The notes on pages I I to 18 fonn an inte1 part of thcsc fillancial slatemeDts. Page 9
Carlton Pentecostal Church Cash Flow Statement for the Year Ended 31 December 2024 2024 2023 Note Cash flows from operaling activities Net cash incomel{expenditure) 85,799 {11,088) Adjustments to cash fioils from non-cash items Depreciation Investment income 24,162 (4,065) 105,896 24,946 (2,098) 11,760 Working capital adjuslments (Increase)Idecrease in debtors Increase/(decrease) in creditors Increase in deferred income 14 (2,237) 6,658 (679) 16 4.697 Net cash flows from operating activities 1?,859 17,739 Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets 4,065 (4,74)) 2,098 (3.000) 13 Net cash flows from investing activities (678) (902) Net increase in cash and cash equivalents 112,181 16,837 Cash and cash equivalents at l January 429,139 412,302 Cash and cash equivalents at ) l December 541,320 429,139 Reconciliation of net cash flow to movement in net funds Increase in cash 12,181 16,837 Net funds at l January 2024 4?9,1)9 412,302 Net funds at J l December 2024 541,320 429,lJ9 All of the cash flows are derived 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 10
Carlton Pentecostal Church Notes to the Financial Statements for the Year Ended 31 December 2024 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 Standard applicable in the United Kingdom and Repllblic 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 legocies Donations and legacies are recogni5ed on a receivable basis when receipt is Probable and the amount can be reliabl), measured. Deferred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when- The donor specifies that the grant or donation must onl}, be used in future accounting periods- or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to thai category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent. and depreciation charoes allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staft- costs. Pagell
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2024 (continued) Charitable activilies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for ils beneficiaries. It includes boih costs that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meeis the definilion of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxalion in respecl of income or capital gains received within categories covered by Chapter J Part I l of the Corporation Tax Act 201 O or Section ?56 of the Taxation of Chargeable Gains Act 1992, to the exlent that such income or gains 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 accutnulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation 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 a5 folloii's- A55et class Freehold land & buildings Motor vehicles Furniture & equipment Depreciation method and rate 2 /0 straight line 25 /0 reducing balance 15 /0 reducing balance Trade debtors Trade debiors are amounts due from Custome for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are reCOlSed initially at the transaclion price. They are subsequently measured at amortised cost using the effective interest method. less provision for impainnent. A provision for the impairnient of debtors is established 'hen there is objective evidence that the charity will not be able to collect all amounts due according to the original tern)s of Ihe receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. 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. Page 12
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2024 (continued) 2 Income from donations and legacie5 Unrestricted funds General Total 2024 Total 2023 Donations and legacies- Donations from individuals 113,730 95,656 I lJ,7JO 95,656 3 Grants and donalions Unrestrieted funds Total funds Sundry donations 113,730 113,730 4 Income from charilable aclivilies Unrestricted funds General Total 2024 Total 2023 Fees Hall hi Sundry income 537,02) 537,023 426,661 420 14 5J7,02J 5J7,02J 427,095 5 Income from other trading activities Unrestricted funds General Total fund5 Total 2023 Trading income; Shop income from sale of donated goods and services 86,478 86,478 96,858 86,478 86,478 96,858 Page IJ
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2024 (continued) 6 Investment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income- Interest receivable on bank deposits 4,065 4,065 2.098 7 Expendilure on charitable activities Unrestricted rund5 General Total 2024 Total 2023 Activities & trips Advertising & promotion Bank charges Insurance Homeless ministry Grants & donations paid Equipment, repairs & renewals Legal & professional fees IT costs 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 721 879 127 4,575 600 10,501 24,306 4,778 1,354 565 16.292 67 721 879 127 4.575 600 10.501 542 195 5,245 500 7,959 41,057 4,367 1,296 346 12,419 4.778 l.i54 565 16,292 67 24.162 219 24.162 219 24,946 252 526 526 375 5,582 7.500 1.142 251 5.582 7,500 1,142 251 19,493 1,122 3,840 1,140 6,106 7,500 1,002 655 14,985 1,756 3,911 2,438 16,735 2,660 475,418 1,122 3,&10 1,140 3.489 502,73) 3,489 502,733 655,497 655,497 632,795 Page 14
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2024 (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'sed as folloii's= 2024 2023 Independent examination Other financial services 1.665 2,141 1,565 1,931 9 Net incomingloutgoing resources Net incomin(Olltg0ing} resources for the year include: 2024 2023 Depreciation of fixed assets 24,162 24,946 10 Truslees remuneration and expenses During the year the charity made the following transactions with trustees: Shaun Holt Shaun Holt received remunerdtion of £36.980 {202) £)i.666) during the year. Gross Salary £32.670 (202J'. £?9,856); Employer NI contributions £J:25J (202J'. £2,865)- Employer pension contributions £1,057 {202J.' £945). 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 2024 (continued) I I Staff costs The aggregate payroll costs were as folloivs= 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 468,869 446,312 19,766 9,340 11,013 502,7J3 475,418 The monthly average number of persons (including senior management team) employed by the charity during the y.ear was as follows= 2024 2023 Employees 28 28 23 (202J - 20) of the above employees participated in the Defjned Contribution Pension Schemes. Contributions to the employee pension 5cheme5 for the year totalled £11,013 (2023 - £9,340). No employee received emoluments of tnore than £60,000 during the year The total employee benefits of the key management personnel of the charity were £66,531 {2023 - £64,653). 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 2024 (continued) 13 Tangible fixed a55ets Land and buildings Furniture and equipment Motor vehicles Total Cost At l January 2024 Additions 750,000 153,416 4.743 4.000 907,416 4,743 At il December 2024 750,000 158,159 4,000 912.159 Depreciation At l January 2024 Charge for the year J)O,000 15,000 3,905 24 431,143 24,162 9.138 At 31 December 2024 345,000 106,376 3.929 455,305 Net book value At 31 December 2024 405,000 51,78i 71 456,854 At J l December 202J 420,000 56,178 95 476,273 14 Debtors 2024 2023 Trade debtors Prepayments Other debtors 6,221 2,341 5,067 1,071 187 8.562 6,325 15 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 17 541,30J 971 428,168 541,)20 429,lJ9 16 Credilors: amounls falling due within one year 2024 2023 Other taxation and social Security Other creditors Accruals Deferred income 8,099 1,716 1,998 4.697 5,390 1,920 16,510 7.310 Page 17
Carlton Pentecostal Church Notes to the Finaneial Statements for the Year Ended 31 December 2024 (continued) 17 Related party transactions During the year the charity made the folloiying related party transactions.. F Holt (Wife of S Holt / Daughter-in-law of D Holt) Remuneration of £34,029 (202J £?7,489). At the balance sheet date the amount dlle to/from F Holt was £Nil (202) £Nil). J Taylor (Nephew of S Holt / Grandson of D Holt) Remuneration of £9,921. At the balance sheet date the amount due tolfrom J Taylor was £Nil (202J - £Nil}. Page 18