REGISTERED CHARITY NUMBER: 1071620
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
NATIONCHANGERS CHURCH
Graham Paul Limited Court House Court Road Bridgend CF31 1BE
NATIONCHANGERS CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| 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 |
NATIONCHANGERS CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are the proclamation and furthering of the gospel of God concerning his son Jesus Christ our Lord and the preaching and teaching of the Christian Faith in Merthyr Tydfil and throughout the United Kingdom of Great Britain and elsewhere.
The main activities in relation to the objects of the charity are regular weekly meetings on Sundays and mid-week. Special meetings at other locations and venues are held as and when necessary.
ACHIEVEMENT AND PERFORMANCE
With all restrictions relating to the Covid-19 pandemic lifted the Charity was able to carry out a number of activities that had been curtailed. The summer saw the re-introduction of the Family Fun Day which was well attended by the local community, the Christmas period saw the Charity hold a series of events to celebrate the Christmas period, with a family quiz night, a Santa's grotto and craft fair and a community carol Concert with the Tredegar Town Brass Band. The energy crisis enabled the Charity to open one of its buildings as a 'warm space' with help from a small grant from the Local Authority. The response to this was favourable and it is intended to continue this activity for the foreseeable future.
FINANCIAL REVIEW
Reserves policy
While the Charity does not have a specific policy on reserves, the main intent is that the Charity should not hold any such reserves, other than those needed to meet operational demands. Any surplus is generally used to support projects, or needs, at home or overseas.
Church members provide funds to the Charity through regular donations. The charity does not engage in any fundraising activity.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is governed by the Declaration of Trust dated 21 July 1998.
Recruitment and appointment of new trustees
The existing trustees select and appoint new Trustees as and when necessary under the terms of sections D1 and D2 of the Trust Deed.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1071620
Principal address
Alpha House Heolgerrig Merthyr Tydfil CF48 1JX
-1-
NATIONCHANGERS CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Trustees
S H Dorricott Mrs P E Dorricott T Thomas J Cresswell Mrs J H McAleer
Independent Examiner
J Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 1BE
Approved by order of the board of trustees on 5 November 2023 and signed on its behalf by:
T Thomas - Trustee
-2-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NATIONCHANGERS CHURCH
Independent examiner's report to the trustees of Nationchangers Church
I report to the charity trustees on my examination of the accounts of Nationchangers Church (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible 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 2. 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 as part of an independent examination.
I 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.
J Payne ACA
Graham Paul Limited Court House Court Road Bridgend CF31 1BE
5 November 2023
-3-
NATIONCHANGERS CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 2023 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 67,708 Investment income 2 12,123 Other income - Total 79,831 EXPENDITURE ON Raising funds 3 (60) Charitable activities Charitable activities 70,304 Total 70,244 NET INCOME/(EXPENDITURE) 9,587 RECONCILIATION OF FUNDS Total funds brought forward 250,459 TOTAL FUNDS CARRIED FORWARD 260,046 |
2022 Total funds £ 66,570 12,007 2,108 80,685 - 97,340 97,340 (16,655) 267,114 250,459 |
|---|---|
The notes form part of these financial statements
-4-
NATIONCHANGERS CHURCH
BALANCE SHEET 31 MARCH 2023
| 2023 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 183,607 CURRENT ASSETS Debtors 7 23,029 Cash at bank 57,670 80,699 CREDITORS Amounts falling due within one year 8 (4,260) NET CURRENT ASSETS 76,439 TOTAL ASSETS LESS CURRENT LIABILITIES 260,046 CREDITORS Amounts falling due after more than one year 9 - NET ASSETS 260,046 FUNDS 10 Unrestricted funds 260,046 TOTAL FUNDS 260,046 |
2022 Total funds £ 187,354 25,583 53,722 79,305 (13,200) 66,105 253,459 (3,000) 250,459 250,459 250,459 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 November 2023 and were signed on its behalf by:
S H Dorricott - Trustee
J H McAleer - Trustee
T Thomas - Trustee
The notes form part of these financial statements
-5-
NATIONCHANGERS CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', 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 historical cost convention.
Going Concern
The charity has sufficient levels of unrestricted funds, totalling £260,046 (2022: £250,459).
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 headings 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 - 2% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects 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.
continued...
-6-
NATIONCHANGERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 2. INVESTMENT INCOME Rents received Deposit account interest 3. RAISING FUNDS Raising donations and legacies Support costs |
2023 £ 12,000 123 12,123 2023 £ (60) |
2022 £ 12,000 7 |
|---|---|---|
| 12,007 | ||
| 2022 £ - |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
During the year, the following Trustees' received reimbursed expenses incurred wholly and exclusively for the purposes of the charity:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| S H D Dorricott | 3,988 | 1,959 |
| Mrs P E Dorricott | 2,762 | - |
| T Thomas | 891 | 419 |
| Mr J Cresswell | 169 | 117 |
| Mrs J H McAleer | 1,165 | 167 |
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 66,570 |
| Investment income | 12,007 |
| Other income | 2,108 |
| Total | 80,685 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable activities | 97,340 |
| NET INCOME/(EXPENDITURE) | (16,655) |
continued...
-7-
NATIONCHANGERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS COST At 1 April 2022 and 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Gift aid recoverable |
Unrestricted funds £ 267,114 250,459 Freehold property £ 225,000 37,646 3,747 41,393 183,607 187,354 2023 2022 £ £ 14,400 16,800 8,629 8,783 23,029 25,583 |
|---|---|
continued...
-8-
NATIONCHANGERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 250,459 TOTAL FUNDS 250,459 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 79,831 TOTAL FUNDS 79,831 Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 267,114 TOTAL FUNDS 267,114 |
2023 2022 £ £ 4,260 13,200 2023 2022 £ £ - 3,000 Net movement At in funds 31.3.23 £ £ 9,587 260,046 9,587 260,046 Resources Movement expended in funds £ £ (70,244) 9,587 (70,244) 9,587 Net movement At in funds 31.3.22 £ £ (16,655) 250,459 (16,655) 250,459 |
|---|---|
continued...
-9-
NATIONCHANGERS CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80,685 | (97,340) | (16,655) |
| TOTAL FUNDS | 80,685 | (97,340) | (16,655) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 267,114 | (7,068) | 260,046 |
| TOTAL FUNDS | 267,114 | (7,068) | 260,046 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 160,516 | (167,584) | (7,068) |
| TOTAL FUNDS | 160,516 | (167,584) | (7,068) |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
-10-