REGISTERED CHARITY NUMBER: 1052773
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
DUDLEY COMMUNITY CHURCH
DUDLEY COMMUNITY CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
DUDLEY COMMUNITY CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDING 31ST DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustess have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
OBJECTIVES AND ACTIVITIES
The purpose of the church is the advancement of the Christian Faith. Dudley Community Church is a growing, worshipping and mission focused community of people from across the Black Country seeking to be a contemporary and relevant expression of Church for all the family. We are passionate about the message of Jesus and about making a difference in our town and beyond. We would love to welcome you to one of our Sunday services at 10:30am and 6pm, which is in Polish.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
ACHIEVEMENT AND PERFORMANCE
The last year has continued to be a year of building the congregation, attendance has been up and down with people coming and going however, overall we are confident the church is growing spiritually and numercially.
The Lighthouse Centre hosts our community ministries to the socially emotional and spiritually vulnerable. In 2022 we re-evalutated the work of Heaven's Kitchen, that had operated under Dudley Community Church for 13+ years, and it was felt by trustess and some volunteers that Heaven's Kitchen for a number of years was no longer fulfilling its purpose of helping the socially vulnerable. It was decided that Heaven's Kitchen should be closed down.
We decided that Heaven's Kitchen would be replaced by the Lighthouse Community HUB, that was to provide increased one-to-one support for individuals. The HUB has in 2022 steadily grown in numbers, but more importantly, many individuals receive one-to-one support, a warm place to socialise and several social events throughout the year.
We continue to serve the congregation and community with several ministries for children, youth and adults.
FINANCIAL REVIEW
Financial position
Net income has increased during 2022 to £95,919 compared to £73,928 in 2021 as the Church is now funded by a combination of donations, grants and rental income from the new centre. The trustees continue to manage the funds of the church carefully with net funds increasing to £464,150 at the end of the financial year.
FUTURE PLANS
The trustees will continue to focus on the building up of the congregation, reaching out to and supporting the socially, emotionally and spiritually vulnerable through its work in The Lighthouse Centre.
Page 1
DUDLEY COMMUNITY CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDING 31ST DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a deed of trust, and constitutes an unicorporated registered charity.
The trustees shown below consitute the board of governance of the charity and exercise their governance through regular trustee meetings. Day to day management of the charity is performed by Pastor Joe Hayes, who is also a trustee. Pastor Joe Hayes reports to the other trustees via the regular trustee meetings.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1052773
Principal address
Salop Street Dudley West Midlands DY1 3AT
Trustees
Rev. J Hayes Mr H Treasure Mr D Baker
Independent examiner
R & P Accounting Services Limited Spencer House 114 High Street Wordsley Stourbridge West Midlands DY8 5QR
Approved by order of the board of trustees on 17th July 2023 and signed on its behalf by:
…...................................................
Rev J Hayes - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUDLEY COMMUNITY CHURCH
Independent examiner's report to the trustees of Dudley Community Church
I report to the charity trustees on my examination of the accounts of Dudley Community Church (the Trust) for the year ended 31st December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are reponsible 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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 part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
R & P Accounting Services Limited Spencer House 114 High Street Wordsley Stourbridge West Midlands DY8 5QR
Date: 17th July 2023
Page 3
DUDLEY COMMUNITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 EXPENDITURE ON Running Costs 4 Other NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 72,438 23,476 5 95,919 45,059 6,612 51,671 44,248 419,902 464,150 |
Restricted fund £ 0 0 0 0 0 0 0 0 0 0 |
Year ended 31.12.22 Total funds £ 72,438 23,476 5 95,919 45,059 6,612 51,671 44,248 419,902 464,150 |
Year ended 31.12.21 Total funds £ 53,015 20,907 6 |
|---|---|---|---|---|
| 73,928 48,300 18,321 |
||||
| 66,621 | ||||
| 7,307 | ||||
| 412,595 | ||||
| 419,902 |
The notes form part of these financial statements
Page 4
DUDLEY COMMUNITY CHURCH
BALANCE SHEET
AT 31ST DECEMBER 2022
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 439,454 598 24,899 25,497 (801) 24,696 464,150 0 464,150 |
Restricted fund £ 0 0 0 0 0 0 0 0 |
Year ended 31.12.22 Total funds £ 439,454 598 24,899 25,497 (801) 24,696 464,150 0 464,150 464,150 0 464,150 |
Year ended 31.12.21 Total funds £ 440,290 0 18,444 |
|---|---|---|---|---|
| 18,444 (3,416) 15,028 |
||||
| 455,318 (35,416) |
||||
| 419,902 | ||||
| 419,902 0 |
||||
| 419,902 |
The financial statements were approved by the Board of Trustees on 17th July 2023
and were signed on its behalf by
Rev J Hayes - Trustee
Page 5
DUDLEY COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historial cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under the headinds that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Plant and Machinery - 20% on reducing balance Fixtures and Fittings - 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objective at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
DUDLEY COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2022
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| Rents received COVID 19 Furlough Grants INVESTMENT INCOME Gross Bank Interest received RUNNING COSTS Support costs |
Year ended 31.12.22 £ 23,476 0 23,476 Year ended 31.12.22 £ 5 Year ended 31.12.22 £ 45,059 |
Year ended 31.12.21 £ 13,065 7,842 |
|---|---|---|
| 20,907 | ||
| Year ended 31.12.21 £ 6 |
||
| Year ended 31.12.21 £ 48,300 |
3. INVESTMENT INCOME
4. RUNNING COSTS
5. TRUSTEES' REMUNERATION AND BENEFITS
Mr J Hayes, a trustee of Dudley Community Church received remuneration of £28,530 during the year.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Year ended | Year ended |
|---|---|
| 31.12.22 | 31.12.21 |
| 1 | 2 |
No employees received emoluments in excess of £60,000.
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DUDLEY COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31ST DECEMBER 2022
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Running Costs Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 53,015 20,907 6 73,928 66,621 0 66,621 7,307 412,595 419,902 |
Restricted fund £ 0 0 0 0 0 0 0 0 0 |
Total funds £ 53,015 20,907 6 |
|---|---|---|---|
| 73,928 66,621 0 |
|||
| 66,621 | |||
| 7,307 | |||
| 412,595 | |||
| 419,902 |
8. TANGIBLE FIXED ASSETS
| COST At 1st January 2022 Additions At 31st December 2022 DEPRECIATION At 1st January 2022 Charge for year At 31st December 2022 NET BOOK VALUE At 31st December 2022 At 31st December 2021 |
Freehold property 409,300 0 409,300 0 0 0 409,300 409,300 |
Property improvements 23,953 0 23,953 0 0 0 23,953 23,953 |
Plant & Machinery 10,990 0 10,990 7,836 677 8,513 2,477 3,154 |
Fixtures & Fittings £ 4,315 229 4,544 432 388 820 3,724 3,883 |
Total £ 448,558 229 |
|---|---|---|---|---|---|
| 448,787 | |||||
| 8,268 1,065 |
|||||
| 9,333 | |||||
| 439,454 | |||||
| 440,290 |
The freehold property has been revalued in 2015 by Mrs Jan Billingsley who was the treasurer of the charity at the time. This valuation is based on local prices in the area as at 31st December 2015.
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DUDLEY COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2022
9. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other Debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 12) Other creditors and accruals 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 12) 12. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling due between two and five years: Bank loans - 2 - 5 years Amounts falling due in more than five years: Repayable by instalments: Bank loans more than 5 years by instalment |
Year ended 31.12.22 £ 958 958 Year ended 31.12.22 £ 0 801 801 Year ended 31.12.22 £ 0 0 Year ended 31.12.22 £ 0 0 0 |
Year ended 31.12.21 £ 0 |
|---|---|---|
| 0 | ||
| Year ended 31.12.21 £ 2,400 1,016 |
||
| 3,416 | ||
| Year ended 31.12.21 £ 37,816 |
||
| 37,816 | ||
| Year ended 31.12.21 £ 2,400 |
||
| 9,600 | ||
| 28,216 |
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DUDLEY COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2022
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Lighthouse Project TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Lighthouse Project TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Lighthouse Project TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Lighthouse Project TOTAL FUNDS |
At 01.01.22 £ 419,902 0 419,902 Incoming resources 95,919 0 95,919 At 01.01.21 £ 412,595 0 412,595 Incoming resources 73,928 0 73,928 |
Net movement in funds £ 44,248 0 44,248 Resources expended 51,671 0 51,671 Net movement in funds £ 7,307 0 7,307 Resources expended 66,621 0 66,621 |
At 31.12.22 £ 464,150 0 |
|---|---|---|---|
| 464,150 Movement in funds 44,248 0 |
|||
| 44,248 | |||
| At 31.12.22 £ 419,902 0 |
|||
| 419,902 Movement in funds 7,307 0 |
|||
| 7,307 |
14. RELATED PARTY DISCLOSURES
During the year the trustees and connected persons made total aggregate donations without any conditions to Dudley Community Church of £9,400.
Dudley Counselling Centre was invoiced for £11,000.00 of rent for the Cafe, Heaven's Kitchen and the Counselling Centre, as well as £2,105.59 for insurance by Dudley Community Church of which Rev. J Hayes is a trustee. This was for the use of church rooms and the newly completed Lighthouse Centre for play therapy during the year.
The Church achieved its objective of clearing the mortgage during the year.
Page 10
DUDLEY COMMUNITY CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2022
| INCOME AND ENDOWMENTS Donations and legacies Weekly Offerings Gift Aid Grants COVID 19 Furlough Grants Investment income Interest received Rents received Total incoming resources EXPENDITURE Other trading activities Equipment Depreciation Fixtures & Fittings Depreciation Other Gifts and donations Church events and activities SUPPORT COSTS Management Trustees' salaries Wages Pension Contributions Rent, rates and water Electricity Gas Insurance Other expenses Telephone Postage, Printing & Stationery Sundries Repairs & Renewals Computer expenses Lighthouse Projects Costs New Building - Legal & Professional Fees New Building - Build Costs Expenditure & Costs c/fwd |
£ £ 59,898 6,443 6,097 0 72,438 72,438 5 23,476 95,919 677 388 1,065 6,612 1,802 8,414 28,530 0 2,476 1,609 3,488 2,538 0 710 506 0 151 697 97 40,802 0 0 0 50,281 Year ended 31.12.22 |
£ £ 51,034 1,981 0 7,842 60,857 60,857 6 13,065 73,928 788 432 1,220 8,673 0 8,673 28,530 1,083 2,476 853 2,014 2,556 1,991 941 870 164 59 1,056 0 42,593 963 8,685 9,648 62,134 Year ended 31.12.21 |
£ £ 51,034 1,981 0 7,842 60,857 60,857 6 13,065 73,928 788 432 1,220 8,673 0 8,673 28,530 1,083 2,476 853 2,014 2,556 1,991 941 870 164 59 1,056 0 42,593 963 8,685 9,648 62,134 Year ended 31.12.21 |
|---|---|---|---|
| 60,857 6 13,065 |
|||
| 73,928 1,220 8,673 42,593 9,648 62,134 |
Expenditure & Costs c/fwd
Continued …..
This page does not form part of the statutory financial statements
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DUDLEY COMMUNITY CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2022
| Expenditure & Costs b/fwd Finance Bank charges Bank loan interest Governance Costs Legal and professional fees Accountancy Total resources expended Net expenditure |
£ £ 50,281 0 937 937 0 453 453 51,671 44,248 Year ended 31.12.22 |
£ £ 62,134 0 2,809 2,809 1,338 340 1,678 66,621 7,307 Year ended 31.12.21 |
£ £ 62,134 0 2,809 2,809 1,338 340 1,678 66,621 7,307 Year ended 31.12.21 |
|---|---|---|---|
| 66,621 7,307 |
This page does not form part of the statutory financial statements
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