THE BEACON CHURCH HERNE BAY TRUSTEES ANNUAL REPORT 1 June 2023 — 31“ May 2024 Registered Charity Number: 1052692
Principal Address: 78 Sea Street Herne Bay CT6 8QE
Charity Trustees:
Mr Michael Norman (Chair)
Mr John Way Mrs Beverley Cooke Mr Peter Stanley Mrs Jennie Dunn
Secretary to the Trustees:
Mr Paul Chandler
Governing Document:
Memorandum and Articles of Association incorporated 24th January amended on 14 January 1997 and 2nd June 1997. The Beacon Church Herne Bay is a Company Limited by Guarantee and not having a Share Capital. Company Number: 3150244
Trustee Selection:
Trustees are appointed by the existing trustees in consultation with the Church leadership.
Charitable Objects:
The advancement of religion and the furtherance of any other charitable purpose of The Beacon Church Herne Bay.
Our membership remained strong during the period and we continued to hold meeting on Sundays at Vibe night club on Herne Bay Sea Front and also at the Beacon Centre premises in Sea Street. Regarding the latter, in addition to our own meetings, bookings from outside organisations showed a small increase, providing income to help off-set our Sunday hire costs.
Our programme included small group gatherings in homes and regular virtual meetings being conducted on Zoom. Financial support from members showed an increase on the previous year.
Our employees continued at one full-time elder and part-time Children’s and Youth workers. Although the Children’s and Youth workers were funded from special pledges in a previous year, they are now funded in full from our regular income. All employees are subject to an annual review and their performance has proved to be of a high standard.
We have continued to provide a debt counselling service in association with Christians Against Poverty, where clients are seen in their homes.
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Parent Share, a scheme for parents with young children where clothes and equipment are collected, has closed after three years of helping local families
Tots and Teas, the once-a-week meeting for parents with babies and young children has remained popular and provided good contact with families outside our church membership
We continued to support Christian education in schools in and around Canterbury through the Canterbury Christian Schools’ Work Trust And contribute to home and overseas missions concerned with orphan support and children’s shelters in Vietnam and China and Bible translation work in Uganda.
At home, a number of young people and leaders attended the annual, week long, Newday event at the Norfolk showground in August, for worship and teaching. They joined around 7,000 young people gathered from around the country.
In addition, financial support has been given through our affiliation to Relational Mission, which is part of the wider Newfrontiers family of churches, for church planting at home and overseas and relief of the poor.
Our overall contribution from general funds to all of these causes amounted to around 14% of our income raised largely by church member donations.
We continued the year with one full-time paid elder and two unpaid. One Trustee resigned during the year and another was appointed, maintaining the number at five and a new Chair was appointed. We established a new Children’s Safeguarding policy and investigated many new healthy practices. We expanded our pastoral care team and established a new Prayer Team to be available on Sundays, providing cover ona rota basis.
Our income is largely through the generous giving of our members and a smaller amount from the jetting of our premises. Our performance for the year showed an operating deficit of £8,048 Accounts showa profit of £280,819 due to a gain of financial assets of £288,867. This gain of financial assets is due to an updated valuation of Sea Street Building (Known as Beacon Centre) now currently valued at £299.995.
We expect, with careful management, to be able to support our essential activities and charitable giving for the coming year and absorb any increase the rent paid for the Sunday hire of Vibe. Also, we have a part-time cleaner for the Sea Street premises. We undertook a major repair to the flat roof area of the Sea Street building at a cost of £3,000.
Policy on Reserves:
The reserve fund of £5000 includes an allowance to cover any possible staff redundancy.
Details of any funds in deficit.
Not Applicable
Signatures Michael Norman (Chairman ofTrustees) Wisc John Way (Trustee) i
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Registration number: 03150244
The Beacon Church Herne Bay
Annual Report and Unaudited Financial Statements for the Year Ended 31 May 2024
CW W Ltd B3 Clover House Harvey Drive John Wilson Business Park Whitstable Kent CT5 3QZ
The Beacon Church Herne Bay
Contents
Company Information 1 Balance Sheet 2 Notes to the Unaudited Financial Statements 3to 5
The Beacon Church Herne Bay
Company Information
Directors Ms Beverley Jane Cooke Mr John Colin Way Mrs Jennie Dunn Mr Peter George Stanley Mr Michael James Norman Company secretary Mr Paul Victor Chandler
Registered office 78 Sea Street Herne Bay Kent CT6 8QE Accountants CW W Ltd B3 Clover House Harvey Drive John Wilson Business Park Whitstable Kent CT5 3QZ :
Accountants
Page 1
The Beacon Church Herne Bay
(Registration number: 03150244) Balance Sheet as at 31 May 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 4 | 301,058 | 12,545 |
| Current assets | |||
| Cash atbankand in hand | 18,562 | 26,737 | |
| Creditors:Amounts falling due within oneyear | 5 | (528) | (1,008) |
| Netcurrent assets | 18,034 | 25,729 | |
| Netassets | 319,092 | 38,274 | |
| Capital and reserves | |||
| Retained earnings | 319,092 | 38,274 | |
| Shareholders’funds | 319,092 | 38,274 |
For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors’ responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financiaf statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the Board on 22 July 2024 and signed on its behalf by:
Ms Beverley Jane Cooke Director
Mr Peter George Stanley Director
The notes on pages 3 to 5 form an integral part of these financial statements. Page 2
The Beacon Church Herne Bay
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
1 General information
The company is a private company limited by share capital, incorporated in United Kingdom. The address of its registered office is:
78 Sea Street
Herne Bay
Kent CT6 8QE
These financial statements were authorised for issue by the Board on 22 July 2024.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
:
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaifer entities - The Financial Reporting Standard applicable in the United Kingdom and Republic of freland’ and the Companies Act 2006 (as applicable to companies subject to the small companies’ regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
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The Beacon Church Herne Bay
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class Depreciation method and rate 25% RB
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current tiabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no Iegal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3 Staff numbers
The average number of persons employed by the company {including directors) during the year, was B (2023 - 8).
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The Beacon Church Herne Bay
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
4 Tangible assets
| Land and | Plant and | Office | |||
|---|---|---|---|---|---|
| buildings | machinery | equipment | Total | ||
| £ | £ | £ | £ | ||
| Cost or valuation | |||||
| At 1 June 2023 | 11,128 | 13,712 | 8,090 | 32,930 | |
| Revaluations | 288,867 | - | - | 288,867 | |
| At 31 May2024 | 299,995 | 13,712 | 8,090 | 321,797 | |
| Depreciation | |||||
| At 1 June 2023 | - | 13,541 | 6,844 | 20,385 | |
| Charge for the year | - | 43 | 311 | 354 | |
| At 31 May 2024 | - | 13,584 | 7,155 | 20,739 | |
| Carrying amount | |||||
| At 31 May 2024 | 299,995 | 128 | ; | 935 | 301,058 |
| At31May2023 | 11,128 | 171 | 1,246 | 12,545 |
included within the net book value of land and buildings above is £299,995 (2023 - £11,128) in respect of freehold land and buildings.
5 Creditors
Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Due within one year | ||
| Accrualsanddeferredincome | 528 | 1,008 |
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ine CHARITY COMMISSION | Independent examiner's report on the | | FOR ENGLAND AND WALES accounts | Section A Independent Examiner's Report Report to the trustees Oharity Name The Beacon Church Herne Bay On accounts for the year | 31° May 2024 Charity no | 1052692 ended (if any) | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/05/2024. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). | report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent [The charity’s gross income exceeded £250,000 and | am qualified to examiner's statement Undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable. | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ) which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records; or e the accounts did 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. ‘ ! have no concerns 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. * Please delete the words in the brackets if they do not apply. Name: | Christine McLaren Relevant professional | ATT qualification(s) or body | 1 Oct 2018
IER
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Address: | B3 Clover House, Harvey Drive, Chestfield, Kent CT5 3QZ
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Only complete if the examiner needs to highlight materia! matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose.
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IER
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2 Oct 2018
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