REGisfERED CHARITY NUMBER: 1052773 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 DUDLEY COMMUNITY CHURCH
DUDLEY COMMUNITY CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2023 Page Report of the Trustees Ito2 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6tolO Detailed Statement of Financial Activities Ilto12
DUDLEY COMMUNITY CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31ST DECEMBER 2023 The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. 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 Financlal Reportlng Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 20151 OBJEcfivES AND AcfiviTIES The purpose of the church is the advancement of the Christian Faith. Dudley Community Church is a growin& 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 grovrth for DCC. We have senn many different nationalities join the Church and bring a fresh and uplifting style to worship. The ministry team has also grown with each church department being represented to help sustain the life and artivities of the Church. Of course. we have seen many f31thful people move on from the Church and some go to be with the Lord. The Church's main areas of ministry are through the knghthouse Centre. its reports can be viewwd on the Charity Commission website. We continue to encourage and equip the saints of DCC in accordance with the Word of God. FINANCIAL REVIEW Financlal posltion Net income has decreased during 2023 to £74.888 compared to £95.919 in 2022 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 increasin8 to £485,002 at the end of the financial year, despite the fall in income. 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 I
DUDLEY COMMUNITY CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31ST DECEMBER 2023 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 theirgovernance through regulartrustee 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 Reglstered Charlty number 1052773 Prlnclpal addr Salop Street Dudley West Midlands DYI 3AT Trustees Rev. J Hayes H Treasure A Lavender Independent examiner Handmill Taxation Ltd Spencer House 114 High Street Wordslev Stourbridge West Midlands DY8 5QR Approved by order of the board of trustees on 24th Ortober2024 and signed on its behalf by: J Haves- 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 2023. 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 Art 2011 {'the Act'l. 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: l. accounting records were not kept in respect of the Trust 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 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 understandin8 of the accounts to be reached. Handmill Taxation Ltd Spencer House 114 High Street Wordsley Stourbrid8e West Midlands DY8 5QR Date: 24th Ortober 2024 Page 3
DUDLEY COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2023 Year ended 31.12.23 Year ended 31.12.22 Unrestricted fund Restricted fund Total funds Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 50,603 50,603 72,438 Other trading activities Investment income 24,150 135 74.888 24,150 135 74,888 23,476 95,919 EXPENDITURE ON Running Costs Other 51,619 2,417 51,619 2,417 45,059 6,612 54,036 54,036 51,671 NET INCOMEI(EXPENDITURE) 20,852 20,852 44,248 RECONCILIATION OF FUNDS Total funds brought forward 464,150 464,150 419,902 TOTAL FUNDS CARRIED FORWARD 485,002 485,002 464,150 The rte5 form part of these financial ststements Page 4
DUDLEY COMMUNITY CHURCH BALANCE SHEET AT 31ST DECEMBER 2023 Vear ended 31.12.23 Year ended 31.12.22 Unrestricted fund Restricte(I fvnd Total funds Total funds Notes FIXED ASSETS Tangible assets 439,035 439,035 439,454 CURRENT ASSETS Debtors Cash at bank and in hand 12,598 35,587 48.185 12,598 35,587 48,185 598 24,899 25,497 CREDITORS Amounts falling due within one year io (2,2181 12,2181 1801} NEf CURRENT ASSETS 45,967 45,967 24,696 TOTAL ASSETS LESS CURRENT LIABILITIES 485,(K)2 485,002 464,150 CREDITORS Amount5 falling due after more than one year li NEf ASSEfs 485,002 485,002 464,150 2023 2022 FUNDS Unrestrirted funds Restricted funds 13 485,IJ02 464,150 TOTAL FUNDS 485,002 464.150 The financial statements were approved by the Board of Trustees on 24th (ktober2024 and were signed on its behalf by J Hayes- ustee Page 5
DUDLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2023 I. ACCOUNTING POIICIES Basls of preparing the financial statements The financbal statements of thc charity. which is a public benefit under FRS 102. have been prɕpared in accordance with the Charities SORP IFRS 1021 'Accountin8 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 IFRS 1021 {effective l January 20151,, 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. Expendlture 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 basis consistent with the use of resources. Tan8ible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Plant and Machinery Fixtures and Fittings - not provided - 20% on reducing balan - IO%on reducing balan Taxatlon The charity is exempt from tax on its charitable artivities. Fund accountlng Unrestritted funds can be used in accordan with the charitable objective at the discretion of the trustees. Restrirted 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 NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2023 Pension costs and other post-retlrement 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. Z. OTHER TRADING AcnviTIE5 Year ended 31.12.23 Year ended 31.12.22 Rents received 24.150 23.476 24,150 23,476 3. INVESTMENT INCOME Year ended 31.12.23 Year ended 31.12.22 Gros5 Bank Interest received 135 4. RUNNING COSTS Year ended 31.12.23 Year ended 31.12.22 Support costs 51,619 45,059 5. TRUSTEES, REMUNERATION AND BENEFITS Mr J Hayes, a trustee of Dudley Community Church received rernuneratn of £28,530 during the year. Trustee5' expenses There were no tru5tees' expenses paid for the year ended 31st December 2023 nor for the year ended 315t December 2022. 6. STAFF COSTS The avera8e monthly number of employees during the year was as follows: Year ended 31.12.23 Year ended 31.12.22 No employees received emoluments in excess of £60,(MJO. Page 7
DUDLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2023 7. COMPARATIVE5 FOR THE STATEMENT OF FINANaAL AcfiviTIES- PREVIOUS YEAR Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Other trading artivities Investment income Totsl 72,438 23.476 72,438 23,476 95,919 95,919 EXPENDITURE ON Running Costs Other Total 45,059 45,059 6,612 51.671 6,612 51,671 NEf INCOMEI(EXPENDITUREI 44.248 44,248 RECONCILIATION OF FUNDS Total funds brought forward 419.902 419,902 TOTAL FUNDS CARRIED FORWARD 464,150 464,150 8. TANGIBLE FIXED ASSETS Freehold property (hurch Equipment Fixtures & Fittings Total COST At 1st January 2023 Additions 409.3 23,953 11.219 589 4,315 448,787 589 At 31st December 2023 409.3(M) 23,953 11,808 4,315 449,376 DEPRECIATION At 1st January 2023 Charge for year 8,513 659 820 349 9.333 1,008 At 31st December 2023 9.172 1.169 10,341 NET 800K VALUE At 31st December 2023 409.300 23,953 2.636 3,146 439,035 At 315t December 2022 409,3(L) 23,953 2,706 3,495 439,454 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. Page 8
DUDLEY COMMUNITY CHURCH NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2023 9. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Year ended 31.12.23 Year ended 31.12.22 Trade Debtors Other Debtors 12,(100 598 958 12,598 958 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Year ended 31.12.23 Year ended 31.12.22 Other creditors and accruals 2.218 801 2,218 801 Page 9
DUDLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2023 13. MOVEMENT IN FUNDS Net movement in funds At 01.01.23 At 31.12.23 Unrestricted funds General fund Restricted funds Lighthouse Project 464.150 20,852 485,2 TOTAL FUNDS 464,150 20,852 485,002 Net movement in funds. included in the above are as follows: Incomlng resources Resources expended Movement in funds Unrestricted funds General fvnd Restricted funds Lighthouse Project 74,888 54,036 20.852 TOTAL FUNDS 74.888 54,036 20,852 Comparatives for rnovernent in funds Net movement in funds At 01.01.22 At 31.12.22 Unrestricted funds General fund Restricted funds Lighthouse Project 419,902 44,248 464,150 TOTAL FUNDS 419,902 44,248 464,150 Net movement in funds. included in the above are as follows.. Incombng sources Resources expended Movement in funds Unrestricted fijnds General fund Restrirted funds Lighthouse Projert 95,919 51,671 44,248 TOTAL FUNDS 95,919 51.671 44,248 14. RELATED PARTY DISCLOSURES During the year the trustees and connetted persons made totsl aggregate donations without any conditions to Dudley Community Church of £8,005. There was rent charged to The Lighthouse Centre in the year of £12.0(MJ which was paid in full in October 2024. Page 10
DUDLEY COMMUNITY CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 2023 Year ended 31.12.23 Year ended 31.12.22 INCOME AND ENDOWMENTS Donatlons and legacies Weekly Offerings Gift Aid Grants 50.603 59,898 6,443 6.097 50,603 50,603 72.438 72,438 Investment income Interest received Rents received 135 24,150 23,476 Total incomlng resources 74.888 95.919 EXPENDITURE Other tradln8 actlvlties Equipment Depreciation Fixtures & Fittings Depreciation 659 350 677 388 1,009 1,065 Other Gifts and donations Church events and activities 2.417 112 6.612 1.802 2,529 8,414 SUPPORT COSTS Management Trustees, salaries Pension Contributions Rent, rates and water Elettricity Gas Insurance Other expenses Telephone Postage, Printing & Stationery Sundries Repairs & Renewals Computer expenses 28.530 2.475 1.017 6,283 3.140 2,566 618 1,356 12 1.088 1.426 1.008 28,530 2,476 1,609 3.488 2,538 710 506 151 697 97 49,519 40.802 Expenditure & Costs c/fvd 53.057 50,281 Continued..... This page does not fom) part of the statutory finarKial ststements Page 11
DUDLEY COMMUNITY CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 315T DECEMBER 2023 Year ended 31.12.23 Year ended 31.12.22 Expendlture & Costs b/fvd 53,057 50,281 Finance Bank loan interest 937 937 Governance Costs Legal and professional fees Accountancy 359 620 453 979 453 Total resources expended 54.036 51,671 Net expenditure 20,852 44,248 This page does not form part of the statutory finarKial 5tstements Page 12