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2024-08-31-accounts

Hertford Community Church Trust

Annual Report and Accounts Twelve months ending 31 August 2024

Charity Number 1082292

Hertford Community Church Trust

Trustees Report

Twelve months ending 31 August 2024

Trustees and Church Leadership

Trustees and church leaders serving throughout the year are:

Trustees

Ian Tyler Ross Hartwig Jacqui Pattison Cathy Sebborn (Treasurer)

Leadership Team

Jess Hartwig Ross Hartwig Alison Tyler

Structure, Governance and Management

Hertford Community Church Trust is constituted by a trust deed dated 30 January 2000, as amended by supplemental deed dated 2 July 2000 and is a registered charity number 1082292

The powers of appointment or removal of Trustees rests with the Trustees with due reference to the Church Leadership Team. New Trustees are selected from the members of the Church since this means that the Trustee body is whole-heartedly involved in seeing the mission of the Church worked out in practice. On being Appointed, new Trustees spend time with the existing Trustees to ensure they understand the responsibilities and the legal and financial framework in which the Church operates.

Hertford Community Church targets to have at least two Trustees who are not members of the Leadership and two who are. This is in order to achieve a healthy balance of spiritual and legal governance. Directions relating to the charitable trust are made by the Trustees, in consultation with the Leadership, who are responsible for governing the life and teaching of the Church. Day

to day decisions on expenditure and activities are decided by the staff and volunteers in charge of-different departments within the Church, with budgets set and monitored by the Trustees.

Hertford Community Church is a member of the Pioneer Network of churches.

Objectives and Activities

The Trust has the objective to advance the Christian faith in Hertford and across the world, to relieve poverty or hardship and advance education and training. The church is built on the belief that this is in part achieved through works in the community.

The main activities of the church are based in Hertford and these also include two separate operations under separate banners:

Financial Review

This financial year we have reinstated full comparisons to the prior year.


Church
Activities
31
38
(7)

(4)
Street
Pastors
3

3
0
0
Pre
School
71

65
6
(6)
Total 105
106
(1)
(10)
Incoming resources
Resources expended
Net 2024
Net 2023

The income for the church was up 40% to £31k but the deficit actually increased to £7k although actions have been taken to reduce the deficit during the year. The pre-school’s financial

performance improved significantly, reversing the loss of £6k from the previous year and delivering a surplus of £6k. This was very welcome as the pre-school reserves had been depleted. Street Pastors again made a de minimis surplus for year and continue to have reserves in excess of £6,000 that represent over 2 years normal expenditure.

The Trust has a target to maintain reserves at between one months and two months expenditure in order to manage unexpected fluctuations in income and meet liabilities as they arise. The reserves at the end of 2024 were equivalent to 2 months for the pre-school and much longer periods for the church and Street Pastors.

Public Benefit

In planning its activities, the Trustees have given regard to the Charity Commission's Public Benefit guidance (Reg 40 (2)(c)(ii)) and particularly the guidance for charities whose objects are the advancement of religion.

Hertford Community Church provides Public Benefit in numerous ways which include Christian witness, being active in our local communities to all in need regardless of faith and donation of resources to both local and international communities.

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13/6/2025………. Date

Hertford Community Church Trust

Statement of Financial Activities

Twelve Months Ended 31 August 2024

Notes
Un-
restricted
funds
£’000
35
8

43

44
44
Un-
restricted
funds
£’000
35
8

43

44
44
Restricted
funds
£’000
-

62

62

62
62

-
-

-
Total
2024
£’000
35

70

105

106
106
Total
2023
£’000
27
53
80
90
90
Incoming resources
Incoming resources from
generated funds
. Voluntary income
1
Incoming resources from
charitable activities
2
Total incoming resources
Resources expended
Charitable activities
3
Total resources
expended
Net incoming resources
Funds at the start of the
year
Funds at the end of the
year
(1)
51
(1)
51

(10)

61
50 50
51

Hertford Community Church Trust

Balance Sheet

At 31 August 2024


Notes
Current assets
Debtors
5
Cash at bank and in hand
6
Creditors: amounts falling
due within one year
7
Net current assets
Total assets less current
liabilities
Represented by:
Funds and reserves
Unrestricted funds
2024
£’000
3

47
50

-

2024
£’000

50
50
50

Approved on: 6 June 2025

Hertford Community Church Trust

Cashflow

Twelve Months Ended 31 August 2024

A Adjustment of net incoming resources before transfers to net cash inflow/(outflow) from operating activities

Net incoming resources before transfers
(Increase)/Decrease in Debtors
Increase in Creditors
Net cash inflow/(outflow) from operating activities
2024
£’000
(1)
4
-
3
2023
£’000
(10)
(1)
(11)

B Analysis of changes in net debt

Cash at bank and in hand
Total
At
1 Sept
2023
£’000
44
44
Cash
flows
£’000
3
3
At
31 Aug
2024
£’000
47
47

Principal Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention. Applicable United Kingdom Accounting Standards and the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005), have been followed in the preparation of these financial statements.

Incoming resources

All income is credited to the statement of financial activities on a receivable basis except Gift Aid which is accrued.

Donations are credited to the statement of financial activities in the year in which they are received as receipt is the earliest point at which entitlement is considered certain.

Restricted grants and awards are included once the amount is reasonably certain to be received. The income is matched to the period of expenditure for grants extending beyond the financial year.

Resources expended and the basis of apportioning costs

Expenditure is charged to the statement of financial activities on an accruals basis.

Governance costs are negligible and no separate cost has been identified.

Fund accounting

The Restricted Funds are monies raised for, and their use restricted to, a specific purpose, or donations subject to donor imposed condition.

The General Fund represents unrestricted and undesignated monies used to fund working capital and which the organisation may use in furtherance of the charity’s objectives.

1 Voluntary income

1
Voluntary income
Donations
Grants
Other income
Gift Aid
Unrestricted
funds
£’000
31
0
1
3
35
Restricted
funds
£’000
-
-
Total
2024
£’000
31
0
1
3
35
Total
2023
£’000
22
0
1
4
27

2 Incoming resources from charitable activities

Government grants
Fees
Unrestricted
funds
£’000
-
8
8
Restricted
funds
£’000
62
62
Total
2024
£’000
62
8
70
Total
2023
£’000
47
6
53

3 Cost of charitable activities

Staff costs
Contributions to outside activities
Accommodation
Project costs
Administration and general
Unrestricted
funds
£’000
9
10
4
15
6
44
Restricted
funds
£’000
55
0
3
4
0
62
Total
2024
£’000
64
10
7
19
6
106
Total
2023
£’000
57
11
8
8
6
90

4 Staff costs

4
Staff costs
Total staff costs 2024
£’000
64
2023
£’000
57

It has not been possible to quantify the monetary value of the services of approximately 25 volunteers who give their time freely, providing a wide range of support and activities to children, youth, OAPs, local residents and staff.

The average number of actual employees was as follows:

Part time - FTE equivalent of 3 (2.5 in 2023)
Full time
2024
11
0
11
2023
8
0
8

5 Debtors

5 Debtors
Gift Aid Due 2024
£’000
3
3
2022
£’000
7
7

6 Cash at bank and in hand

Current accounts
2024
£’000
47
47
2023
£’000
44
44

7 Creditors: amounts falling due within one year

Other creditors 2024
£’000
-
-
2023
£’000
-