TRUSTEES REPORT ON THE ACCOUNTS
Receipts and Payments Accounts
Report to the other trustees/members of Tipton Christian Church
Registered Charity number 1052764
On the accounts for the year ended 31 December 2023
The income for Tipton Christian Church was £42,771.40 and the expenditure was £50,339.62.
There have been no changes in Trustees during the year.
Signed
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OY Theme
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Mrs Carol Thomas Management Trustee/Church Treasurer
Date 30/04/20)
TIPTON CHRISTIAN CHURCH
WATERLOO STREET TIPTON WEST MIDLANDS DY4 8NR
Registered Charity: 1052764
STATEMENT OF ACCOUNTS AND
INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
TIPTON CHRISTIAN CHURCH
INDEX TO STATEMENT OF ACCOUNTS YEAR ENDED 31 DECEMBER 2023
| Contents | Page |
|---|---|
| Independent Examiners Report on the Accounts | 1 |
| Report ofthe Trustees and the Church Council | 2) |
| Report ofthe Trustees and the Church Council continued | 3 |
| Summary Receipts and Payments Account | 4 |
| Income Statement | 5 |
| Expenditure Statement | 6 |
| StatementofAssetsandLiabilities | 7 |
INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS
Receipts and Payments Accounts
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Report to the trustees/members of Tipton Christian Church
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On the accounts for the year ended 31 December 2023
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Set out on the following pages
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Respective responsibilities of trustees and examiner
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The Charity's Trustees are responsible for the preparation of accounts. The charity's trustees consider that an audit
is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an Independent
Examination is needed.
It is my responsibility to:
e Examine the accounts under section 145 of the 2011 Act
¢ Follow the procedures laid down in the General Directions given by the Charity Commissioners
under section 145(5) (b) of the 2011 Act; and
e State whether particular matters have come to my attention
Basis of independent examiners report
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My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether
the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiners statement
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In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
¢ to keep accounting records in accordance with section 130 of the 2011 Act; and
e to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act
have not been met: or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Signed
Date ~,
M Slater
FMAAT 2070" 710 LK
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Page 1
TIPTON CHRISTIAN CHURCH
REPORT OF THE TRUSTEES AND THE CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023
ACTIVITIES REVIEW
The financial results are set out in the enclosed accounts.
The principal activity throughout the year under review was that of the advancement of the Christian faith and the extension of the Kingdom of God.
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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Management Trustees|(Church|Council)|
|Pastor Steven|George|Peach|
|Carol|Thomas|
|Helen|Peach|
|Daisy|Agudetse|
|Eric|Denteh|
|Holding|Trustees|
|The|Charity|Commission|
|Independent|Examiner|
|MTS|Accountancy|Services|Limited|
|Kenant|Chambers|
|2|Bath|Avenue|
|Wolverhampton|
|West|Midlands|
|WV14EQ|
|Achievements|and|Performance|
|The|trustees|have|been|prudent|in|the|management|of|the|Church|by|keeping|costs|lower|
|regardless|of|the|cost|of|living|crisis.|
|The|Church|has|discharged|all|overheads|relating|to|the|premises.|
|The|Church|has|arranged|maintenance|has|arranged|maintenance|of the|grounds.|
|During the forthcoming|year,|the Trustees|will|continue|to|further|the work|of the|Church|in|
|pursuing|its|objectives|which|has|seen|as|increase|in|attendees.|
|The|major|risk|to|which|the|Church|is|exposed|is|the|lack|of|continuing|funding.|
|The|Trustees|are|continually|striving|to|ensure|that|the|appropriate|level|of funding|continues.|
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Reserves Policy
The Trustees consider that the funds within the Church are at a level to cover operational costs for 3 months. The reserves which consist mainly of cash at bank, are needed to bridge the funding gap between spending on the Church's overheads and the receipts of new funds. Financial review The Church receives donations, grants and income which are then utilised in achieving the objects of the Church. During the year to 31 December 2023, the Church received donations, grants and income amounting to £42,772 (2022: £42,261) out of which £50,340 (2022: £45,240) was spent in pursuit of the Church's objectives.
Governing document Tipton Christian Church, a registered charity, was registered on 8th February 1996, registered number 1052764 (Charity Commission for England and Wales).
Trustees are recruited from the volunteer base and if they have experience and enthusiasm to work with the rest of the trustees and meet the Church's objectives. Objectives and activities The objects of the Church are:-
© To advance the Christian faith. To relieve sickness and financial hardship. ¢ To promote and preserve good health by the provision of funds, goods or services. e To advance education
Page 2
TIPTON CHRISTIAN CHURCH
REPORT OF THE TRUSTEES AND THE CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023
ACTIVITIES REVIEW CONTINUED...
STATEMENT
We certify that the books, vouchers and information produced to enable the independent examination of our accounts to be conducted contain a full and correct record of our financial transactions and activities to the best of our knowledge and belief.
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VL /{_ SIG ON BEHALF™% OF THE CHURCH COUNCIL
Please print name cS- SS Za liom WS Date S044
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Page 3
TIPTON CHRISTIAN CHURCH REGISTERED CHARITY NUMBER 1052764 SUMMARY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| Receipts | 2023 | 2022 | Payments | 2023 | 2022 | ||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Church Giving | 33,478 | 31,851 | Ministry Expenses | 35,374 | 35,030 | ||
| Other Income | 9,294 | 4,161 | Establishment Expenses | 9,951 | 6,927 | ||
| Insurance Claim | = | 4,249 | Administration Expenses | 403 | 480 | ||
| Church Departments | - | - | Church Departments | - | - | ||
| Grants | - | 2,000 | Church Family Expenses | 4,612 | 2,803 | ||
| Church Fund Accounts | - | - | Church Fund Accounts | - | - | ||
| Total | £ | 42,772 | 42,261 | Total | £ | 50,340 | 45,240 |
| Balances at31December2023 | £. | Balances at 1January 2023 | £ | ||||
| Barclays Bank: | Barclays Bank: | ||||||
| Treasurers Account | 7,670 | Community Account | 14,492 | ||||
| Active Saver Account | = | Active Saver Account | 4 | ||||
| Departments: | Departments: | ||||||
| Teenscene | 364 | Teenscene | 364 | ||||
| J4k | 386 | J4K | 386 | ||||
| Toddlers | 220 | Toddlers | 220 | ||||
| TCAG | 89 | TCAG | 89 | ||||
| Tuck Shop | 467 | Tuck Shop | 467 | ||||
| JAM | 200 | JAM | 200 | ||||
| CAP Fund | 600 | CAP Fund | 600 | ||||
| Defibrillator Fund | 748 | Defibrillator Fund | 748 | ||||
| Total | £ | 10,744 | Total | £ | 17,570 |
Page 4
TIPTON CHRISTIAN CHURCH REGISTERED CHARITY NUMBER 1052764 INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
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ee 2023 2022
£ £ £ £
Church Giving
Offerings 25,380 25,372
Gift Aid (Tax Back) 8,098 6,479
Total Church Giving Income 33,478 31,851
Other Income 9,294 4,161
Insurance claim
Loss of income - 4,249
Church Departments
Teenscene - -
J4k _ ‘
Toddlers - -
TCAG - -
Tuck Shop - -
JAM = a
Total Church Departments Income - -
Grants
Sandwell MBC - 2,000
Coronavirus Job Retention Scheme - -
Total Grants Income - 2,000
Church Fund Accounts
CAP - =
Defibrillator Fund = ©
Total Church Fund Accounts Income - z
Total Income £ 42,772 £42,261
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TIPTON CHRISTIAN CHURCH REGISTERED CHARITY NUMBER 1052764 EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 £ |
£ | 2022 £ £ |
||
|---|---|---|---|---|
| Ministry Expenses | ||||
| Wages PAYE |
27,057 5,986 |
25,660 7,231 |
||
| Workplace pension | 2,331 | 2,139 | ||
| Total Ministry Expenditure | 35,374 | 35,030 | ||
| Establishment Expenses | ||||
| Gas | 1,816 | 944 | ||
| Electric Water Telephone and Internet |
2,241 233 952 |
1,355 203 723 |
||
| Cleaning | 37) | 29 | ||
| Church Equipment | 2,494 | 1,068 | ||
| Building Maintenance | 777 | 1,409 | ||
| Church Insurance | 1,047 | 911 | ||
| Waste Collection | 354 | 285 | ||
| Total Establishment Expenditure | 9,951 | 6,927 | ||
| Administration Expenses | ||||
| Stationery Accountancy fees |
403 | 60 420 |
||
| Total Administration Expenditure | 403 | 480 | ||
| Church Departments | ||||
| Teenscene | - | - | ||
| Jak | - | - | ||
| Toddlers | - | - | ||
| TCAG | - | - | ||
| Tuck Shop | - | - | ||
| Refresh | - | - | ||
| Youth Tuck Shop | - | - | ||
| JAM | - | : | ||
| Total Church Departments Expenditure | - | = | ||
| Church Family Expenses | ||||
| Miscellaneous | 4,612 | 2,803 | ||
| Cash Expenditure | = | 7 | ||
| Youth Expenditure Total Church Family Expenditure |
x | 4,612 | = 2,803 |
|
| Church Fund Accounts | ||||
| CAP Fund Expenditure | = | - | ||
| Total Church Fund Accounts Expenditure | = | = | ||
| Total Expenditure | £ | _50,340 | £45,240 | |
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TIPTON CHRISTIAN CHURCH REGISTERED CHARITY NUMBER 1052764 STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2023
| eea | eea | eea | eea | eea |
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | £ | £ | |
| Fixed Assets | ||||
| Church Premises | 550,000 | 550,000 | ||
| Contents of premises | 49,912 | 49,912 | ||
| Total Fixed Assets | 599,912 | 599,912 | ||
| Current Assets | ||||
| Barclays Bank -CommunityAccount | 7,670 | 14,492 | ||
| Barclays Bank -Active SaverAccount | - | 4 | ||
| Teenscene | 364 | 364 | ||
| J4k | 386 | 386 | ||
| Toddlers | 220 | 220 | ||
| TCAG | 89 | 89 | ||
| Tuck Shop | 467 | 467 | ||
| JAM | 200 | 200 | ||
| CAP Fund | 600 | 600 | ||
| Defibrillator Fund | 748 | 748 | ||
| Total Current Assets | 10,744 | 17,570 | ||
| Total Assets | £ | 610,656 | £ | 617,482 |
| NOTESTOTHESTATEMENT OF ACCOUNTS | ||||
| Note1 |
Fixed Assets Church premises of £550,000 have been included at valuation carried out by N Wakeman MRICS. Contents of premises of £49,912 have been included at current insured value. Note 2
Related Party Transactions Salary and expenses paid to Pastor S. Peach totalled £27,057 (2022: £25,660).
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