Charfty reglstratlon number 1052742 NORTH POINT CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2025 NORTH POINT CHURCH LEGAL AND ADMINISTRATIVE INFORMATION N D Wyndow S Sh8rfdan S J Polnton Awe Charlty numb•r 1052742 prtnolpd •ddrebs 300 Rosebery Avenue CV21UT Ir￿apond¢nt exomln•r Azèts Audll Ser￿¢8$ 3Mc Mlddlemarch Buslnegs Pa Sl3kln Drlva Covenvy CV3 4FJ NORTH POINT CHURCH CONTENTS Page TnJs18* ￿port Indepandont axamlnerfs stothent of Ilnandal 8cWvltl Balanco Sheet Notss ta th• fjnancio18taloments 6-13 NORTH POINT CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 JANUARY 2025 The trustees present thelr annual report and financial slalements lor Ihe year ended 31 J8nu8ry 2025. Th8 ffinancl81 ststements have been prep8red In accordance wlth the accountlng polldes set oul In nots 1 to the . lI￿n￿al ststements and wmply the charilses [goveming douJment], the Chorltits Act 2011 and 'Ac¢ounting and Reportlng by Charfties.. Ststement of Recommended Pracllce applicable to charftles preparing ihelr accounts In acmrdance wilh the Flnancial Reportlng Stsndard appli￿le in the UK and Republic of Ireland {FRS 102). (effeGtIV8 1 Januory 2015). ObJ•rtlvè8 and aatlvltlè8 A)To advance the Chrlstlan falth In accordance wSth 1he M￿slon stalement of the church In 6uth wgys and suth parts of the Unlted ￿ngdorn or the world as the Church Coundl from time to time may think fil. B) to relleve slckness and finanGial hartshlp and to promote and preserve good heallh by the woiision of fundB, goods or ser¥lces of any kind Includlng counselllng ond such support 88 Ihe thurth cuuncll thlnks fit in such partg of the Unlted Klngdom or the V￿rtd as the Church Coundl frorn lime to tlme thlnks fil. CI To advance educ8tlon In suth ways 8nd In 8yth part8 of th• Unlted Klngdom or the wortd as tho Church Coundl from tlme lo tlme may Ihlnk fiL D) to m8ke tho church bulldlng availablo 10 Such or9￿188ti0DS that prornot• communlly he8th 6nd Buppryi The tTuslees have pald due regard to guld8nca 188u8d by ttkry Charfty CommSsslon In decldlng I￿1a1 acU%tylia the charfty should undertake. A¢hl•v•m•nt• Ind pprfom)onc• The nund)er of Ghurth members and 3ctive volunteers hav8 been Incr8Bsed and gv•ryone has been bulll up in the persc*bal lalth, They h￿e 81so leaml to work together 8S 8 t88m dedlc8ted lo helplng th? Ioc81 and wider rmwnunty éceordlng to the obledvas of Ihe charfty Home1￿ people have b•en holped to find accommod8tk>n. some addlcts helped Into rehab end iom• h•lped Into work, we have worked wlth CAP rdance with the Finqnryal Rewiing Stanqiard appllcable In the UK and Republ1¢ of Ireland IFRS 102) in preference to the Accountbng and Reportlng by Chari1Se8: Slatement of Recommended Practlce188ue6 on 1 ApAI 2005 vthlGh18 refeffed lo In Ihe extant regulBtlonB bul has now beerj wilhdr8wn. l underBtsnd that th58 h88 bo8n done In ordet for fjnanclal st8tsmenl$ to provide a true and falr vlew ID 8ccordanco vAth G8n8rally Accepted Accountlng Pracllce effedlve for reportlng perlods beglnnlng on or after 1 January 2015. I have completed my examlnalon. I conflm) thal no matter8 h8ve carne to my attentlan In connert1￿ wlth tho examlnallon glvSng me rause to belleve that Sn any mat8rlal respecL" 8ccountlng recDrd6 wer6 not kept In respe￿ of the cknarlty 85 requlred by sedlDn 130 of the 2011 Acl,. or Ihe financial statomènts do nol accord with those r•cord8: or the fflnanclal statements do nol comply the applleabl8 requlrements rnncemlng the lomi and conlent ol accounts set out In tho Char11105 (Acfywnts and R8ports) Regulatlons 2008 other Ihan any requlr8m8nl that thj 8ccount$ giv• a tru• 8nd falr vlaw vthlch Is not a rnatter ¢on5ider8d as part of 8n Indepondont examlnauon. I hav8 no rnncom8 and heve come acrojs no other matters In e4Jnn8Ction with the ex8mlnallon lo which attenllon shoukl be drawn In thls repgrt In proper understsndlng of the flnanclal 6tatemertts to be reached. Robart Ander80n FCA Azel8 Autht Servlce8 3Mc Mlddlomarch 8usln988 Pa Slskln Drive Coventry CV34FJ NORTH POINT CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY2025 Unrostrlet•d R•8trlclèd funds funds 2025 202S Total Unr•strfet•d R•stslct•d fvnd8 lunds 2024 2024 Total 2025 Not•6 2024 Dmallons and leg8des Chamable thities Investrnents Other incorne 46,473 11,804 260 24.065 70,538 11,604 260 51.205 16,750 3,516 54.721 16,750 110.000 110,000 Totol Incom• 68,337 24,065 82,402 177,99) 3,516 181.608 Chorltabl8 aclfvhlo8 78.080 5.947 82.027 120,977 8,623 129,600 Net (outgolng)nncomlng r•$our¢u b•fore tr•nsler• (17,743) 18,118 375 67,013 (5.107) 51,906 Gross tran61er8 between funds 1.392 (1,392) (6,107) 5,107 Not (•xp•ndllurn)nncorn• for the yoarl Pl•t th0￿ment In lund• 116,351) 16.726 375 51,SX)6 51,906 Fund balan￿5 * 1 February 2024 98.439 98,439 46.533 46,533 Fund balanc•J at 31 January 2025 82.088 16.726 98.814 98.439 98,439 The statement of firAnci81 activSties In¢￿deS 811 galns ondlosses recogn19￿ In the year. All 1￿c￿me and expendliure derlve trom conttnulftg aclweg. NORTH POINT CHURCH BALANCE SHEET ASAT 31 JANUARY2025 2025 2024 Notes Current assats Cash al bank and In hand 98,814 98,439 Net cuffent assets 98,814 98,439 Incom• lund• Re91rfcled funds Unrestricted lunds 12 16,726 82,088 98,439 96.814 98,439 The fin8nclul statsmonls were gpprovod by the Trustees on . ..Q.WO.612025 N D Wyndow NORTH POINT CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Accountlng pollcl•s Charlty Inforniatlon North Polnt Churchls a Charllablè Twsl. 1.1 Ac¢ouhllng conventlon The financial statomenls have been prepared in accordance vlth th8 charity's tgovoming doGument], the Charities Act 2011, FRS 102 The Flnancial ReFthing Standard appli(*ble In the UK and Republlc ol Ireland. ('FRS 102.) and the Charflle# SORP "Accountlng &nd Reporting by Charftles., Statemenl ot Recommended Practice applicable to chaTilies preparfng thalr accoun18 In accordance ivlth Ihe Flnandal Rewtin9 Stsnd?rd gppllcabl8 In tha UK and Rewbllc of Iralpnd {FRS 102). laff&ctiva 1 January 2019). The th*1ty1$ 8 Publlc Benefii Entlty as defined by FRS 102. The tharity haB taken advantage of the provlslon8 In th• SORP lor not to prepare 8 Ststvnont af Cath Flows. The flnanclal stalwxant8 havo departed from the CharttleB (Account8 arnd Reports) Regulatlons 2008 cmly to the •Ktent requlred lo provld• a true and fair view. This dsjparturn ha8 Invofved folloimng th8 Stalemenl of Recommended Prodea for Cha￿lIeS appl￿Thg FRS 102 rather than the version of the Stalemeht of Rerx)mmended PractSce whlch li reforred lo In th¢ Regulatk￿$ but whlch has Slnce been vhlhdrm. The finana81 statemonts ar8 prepared In ste￿n9. whlch is the functlrn81 CUTrency of Iho charfty. Monolary amountB In the66 flnancl818thtements ore rounded to the nearnst £, The financial 8tatemants hav8 been wopar8d under tho hlstoriral C4Xt ¢onv8ntlon. Tho prlndpal accountlng pdir48s adopted are 8Ot out bBtow. la Golnq eonc•rn At the Ilme of approvlno Ihe ffnandal ststements. the InJ81ees have a reaBonable expectatlon that Ihe charity has ad4U8te resourcés to ¢ontlnue In operatlonal oxlstencè for the foreseeabte fvlure. Thus th• t￿188$ ctJntinu8 to adopt the going concern ba818 of 8wAyJnting In preparlng tha finan¢lal 8tslom•nli. 1.3 Charft•bh fvnd• Unreslrlct8d ￿ndS are avallable for use at the d18r%ellon d the trustees In furtherance of thelr d)arflabl8 objeGIIv86. R6stricted funds are subject to specific ¢onditions by donors as to how they may be used. The purposes and uses ol the r¢strlcted funds are set oul In the notes lo the flnandal $18tement•. 1.4 Incom• Income is rocognlsed on 8 recelpts b3sls. Cash donatlons are recognlsed on recelpt. 1.5 Expendltur• Expenditure is reoognlsed on an paJTh8nts basis. 1.6 Cash and ca•h •qulvalents Cash and cash equivalents include rAsh in hand. deposlts held at cpll with bank8, Other Shor￿￿Mi llquid Investrnenls WAth original maturities of three months or lebs, ond bynk overdrafts. Bank overdrafts Ore shown vAthln bomjwlngs In current li8bllitles. NORTH POINT CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Ac¢ountlng pollcl• ¢Contlnu•d) 8aslc IlnanGl•l Ba$1¢ fin8ncial 08sets. which indude debtors and cash and bank balances. aro Inlti8lly measured transadlon pri(t Indudlng transec114)n costs and are subsequently carrled al amortl8ed cost using Ihe effe¢tfve Interest melhod unless thè arrangement constlltstes a Ilnanclng transaction. where the transacllon Is measurèd at the prasent value 01 th8 future recolpts discounted 8t a m8rkot rat• of interest. Finanoal assats da661fied as recelvable )hrythln yO8r ere not amortlsed. 1.7 Employe0 b•noflts The cost ol any unuBed hollday onlhloment Is rKognised In the pertod in whlch the employee's ￿rICeS are racalv8d. Termln8tbn benefits ore recognlsed Immedlatety es an expense when the tharityls demonstrAbly GtyM*ned to ternln*e the 8rnployment of an employee or to provide temiinallon bfjn￿ts. 1.8 R•tlr•m•nt ben•flt8 Payments to defined contribution ietlrement banefit sthames aré thar9￿ as an 8xp8nie as they fal due. NORTH POINT CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Donatlom and legacles Unrgstrlthd Reslrfctad lunds Total UnrnJtrlet•d Re8trlGt•d funds fund• Totsl 2025 2024 2024 2024 Donatr)ns •KI gifts 46.473 24,(￿5 70,538 51,205 3.516 54,721 NORTH POINT CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Charlt•bl• •dMtI•8 Other (Xher Charltabl• Charftab Income Gome 2025 2024 Cale Taklngs Charltable rental income 2,039 9,565 1.930 14.820 11,604 16,750 Inv••trn•nt• Unrestrlcted Unrn4trlct•d nd8 fund• 2025 2024 Interest re¢elvable 280 35 Other Incorne Totsl Unr•strlGted funds 2025 2024 Income from sale of Afmfield Str8Ot property 110,000 NORTH POINT CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Chwltabh actlvltle• 2025 2024 SW msts Vislty Speakers Homeless Prolect D￿alk￿6 R8p8lrs and Equipmenl Rate4 Light Bnd Heat, Insurance, Talethne and Travel PPS, AdvertSsing and Adtnln Youth Work and Sundry Propety Expense8 Prof•s8lonal Fee8 Caf8 Flal Elecirldty AOG Fees Music oquipment 28,548 252 2,667 4.150 5,203 16.750 155 4,824 14.753 1,128 26,473 150 5.123 14,850 7,588 9,909 20 4,366 4&471 9.199 - li 1.923 $36 1,247 1,868 1.247 2.891 2,855 82,027 129,600 An1￿19 by fund Unre5tr1cted funds Restrlcted funds 76,080 5,947 120,977 8,623 82,027 129,600 Ind•pondant •xamln•r• fe•• Ind￿led ￿thIn prcfe85ional feè8 are of £870 (2024 . £7301 lor ￿mPletIon of the Independent examlnatlon. Tru•to•s Nong ol th8 tN8t8es (ar any person6 connetxed %41th them) recèlved any rnmuneratlon w benefits from thè thwlty duiing the ye8r. Empioyws overag8 monthly number 01 employee3 durfng the year was: 2025 Number 2024 Number 10- NORTH POINT CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Enyloyees Icontlnued) Employm•nt cost• 202S 2024 Wa9eg and salarleg Other pen8lon costs 24,194 2,354 24.194 2,279 26,548 26,473 Thero we no emthe88 vthos8 annual r8munoration was more £60,000. 10 Taxatlon The th8rfty18 exempt from lax on Income and galns f811ing *rythln section 50.5 oftho T8x6s Act 1988 or seclion 252 Df Ihe Taxqtlon of Chargeabla Galn8 Acl 1992 to the •xtenl Ihal these ere opplgd to Ils ch8rltable objects. 11 Non Monetary Assets Propety 8t R08eborry Avgnuo, Hall Green, Coventy Sundry fixlurns and fumiturn The Church also has a Glft Ald tax rebate du• **lch EJ recelv8ble In relatlon to the donolloni reolved during the year. NORTH POINT CHURCH NOTES TO THE FINANCIAL STATEPAENTS (COKfiNUED) FOR THE YEAR ENDED 31 JANUARY 2025 12 Reslrfcted fuhdB The Income furth ol ch8dty 1ftd￿ Testrlcted fvnds Il* fdlowkw unexperxled balarnx of dpnalions a￿1 ￿an18 hekl m trust for Specif￿ purpojes: oven*nt In fund6 Movement In lurnts 1 F•bnwy 31 J￿￿ary Anesis Lottery Fur#Y Felowshlp Hour Furnl Khjs Church stay and Play Ghana Earthquake Appeal Coventry City cou￿1 2.326 (5.1231 a797 (2,667) 201 16,171 133 46 175 19.940 (2.992) {424) (204) (75) (1,800) 250 (2.7(M)) (800) 2,310 3.516 (8.623) 5.107 24.￿5 (5.947) (1.392) 16,726 Restdcted funds year ￿nsiSted o*. 11 Anesis - fvrKJs raised for homgless supptsrt prDP 2) Lottery Fund - gr8nt receNed from awards for all to support creche Servi￿ arwj a wvmen's onty group, for tre benefft of lo￿1 cornmunlty. 3) F9llowship Hour Fund, Stay & Play, and Kkls Church- donatths recefved for use by specific woups YAthln the Church. 4) Ghana- raised ftom Church donat￿n5 lo fimd pro￿th h Ghana. 12- NORTH POINT CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 13 Anatys15 of net assets between lunds Unre$trleted Re•trlcted funds fund• 2025 2025 Tot￿ Unrestrl¢ted Rèstrlet•d funds fund• 2024 2024 Total 2023 2024 Fund balan￿ at 31 January 2025 are repres8ntsd by., Cuffent a$selslOlablIl￿08) 81088 16.726 98,814 98,439 98,439 82,088 16.726 98.814 98,439 98.439 14 A•lat•d p•rty traniactlons Thore were no di8do8able rel8ted porty Irnniacllons durlng the year (2024 - none). 13-