Registered Charity no.1095028 Registered Company no. 04529503
The Crown Church
Trustees Annual Report and Accounts
Year Ended 31st August 2022
WYATT & CO
Chartered accountants 125 Main Street Garforth Leeds LS25 1AF
The Crown Church
Year Ended 31st August 2022
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees Annual Report | 2 |
| Independent Examiners Report | 10 |
| Statement of Financial Activities | 11 |
| Statement of Financial Position | 12 |
| Notes to the Financial Statements | 13 |
The Crown Church
Year Ended 31st August 2022
Legal and Administrative Information
Reference
The Charity is called 'The Crown Church' also known as Crown Church. The Church is registered with the Charity Commission for England and Wales and was registered on the 9th September 2002. The church is also a Company limited by guarantee, incorporated on the 9th September 2002.
Registered Charity Number 1095028 Registered Company Number 04529503 Registered Office The Living Room High Street Cowley UXBRIDGE UB8 2DZ Website www.crown-church.org.uk Trustees and Directors Ngozichukwuka Ivy Nwabineli Christopher John Atkins Glyn Williams James Kate Elizabeth Durrant James Paul Hunting Key Management Personnel The Board of Trustees and Eldership Team Eldership Team James Hunting Dan Smith Stefan Brown Andy Langford Gavin Bissessar Primary Bankers Lloyds Bank plc. 25 Gresham Street, London EC2V 7HN Independent Examiner: Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
1
The Crown Church
Year Ended 31st August 2022
Trustees Annual Report
Introduction
Crown Church exists so that many, together, may glorify God and enjoy Him forever.
This Annual Report represents a diverse group of people from across Hillingdon, West London and Berkshire enjoying their relationship with God and one another and living out their Christian faith in the community.
This financial year has seen Crown grow in strength on the back of the pandemic. Volunteering, leadership and teams have all increased through this year. A hall mark of the year has been the faithfulness of Crown Church members moving forward with faithful endeavours. Crown has gathered each Sunday through the year and has continued to - stream online to support people in their return to ‘in person’. A number of new people have joined the church having first taken interest through the watching the online services.
As this report also covers the financial picture of the charity it is also important to note the sacrificial, ongoing generosity of church members. This report represents an incredible commitment by a huge army of volunteers. The wholehearted commitment of planning, prayer, encouragement and support by so many ensures Crown continues to flourish in its mission.
I hope you enjoy reading this report. Join us as we give thanks to God for an encouraging season in the life of Crown Church.
James Hunting (Lead Pastor)
2
The Crown Church
Year Ended 31st August 2022
Trustees Annual Report
Sundays
Through the year, we were able to create three spaces to engage with our Sunday service; in-person on the ground floor of Bishopshalt School, a pre-booked space in the balcony that contained additional COVID safety measures, and online. Over the course of the year the Covid measures for the balcony were phased out.
The opportunity of online church is something that has been reviewed through the year. It’s primary purpose has moved from helping existing members engage from home (with restrictions lifted the encouragement is to return to in-person) to the opportunity of helping prospective new members connect. We are open minded as to whether we will maintain this in the long term and reviewing on a term by term basis. One other clear benefit has been the number of youth volunteering with this team.
In the September term it was taking a concerted effort to encourage volunteering to prepandemic levels and we made some steps to keep as much of the ‘programme’ of the church simplified to help create capacity to grow in serving. By the January term there was a marked difference, teams were filling up, team leaders were able to move their focus from recruitment to developing ministry areas.
All of this has helped us value to simplicity of the Sunday gathering; to worship God, receive his encouragement, for us to strengthen one another and to welcome new people in. Our sermon series during the year included ‘The Grace Changed Church’ from 1 Corinthians and a devotional series, ‘The Heart of Christ’.
Children and Youth
Through this period we carried vacancies for a Children’s worker and Youth worker positions and so the day to day organisation of these ministry areas was carried by our impressive volunteers.
It has taken time to reopen all of our Sunday groups but teams and volunteers have been working hard towards the possibility of this through the year. These teams have also brought together exciting Christmas events and Sports days.
Outside of Sundays our youth have gathered on Friday evenings at The Living Room for times of fun and friendship.
Life Groups
Our Life Group leaders have led in a sacrificial way over the past year. The move away from online platforms and back to in-person gatherings has taken time and adjustment for all. Our life groups continue to bring people together through hospitality in the home, centred around the worship of Jesus, bringing support and encouragement to one another.
We continue to have Life Groups spread geographically across the London Borough of Hillingdon and into Iver and Langley in Berkshire.
3
The Crown Church
Year Ended 31st August 2022
Trustees Annual Report
Community
The Over 60’s outreach, Foodbank, All the Nations Café, Sunbeams toddler group, and Roots youth group have all started the process of reopening at The Living Room. These opportunities for relational connection and support have been invaluable for the local community over the past year.
The Foodbank team continue to support a rising number of people in our local community as the financial impact of Covid is felt. Crown members have responded with food and finance to support this ministry.
Equipping
Elders, trustees and staff team have continued to lead and support across the life of the church. Each month the church has gathered to pray together and each month the wider leaders of Crown gather for training and encouragement.
Crown continues to receive support from the New Ground family of churches. This has involved conferences, online support and several Crown members attending the New Ground Academy as part of their own leadership development.
Safeguarding
The Safeguarding team has continued to meet together regularly online to ensure policies are updated, relationships with stakeholders remain strong, and volunteers receive coaching and support towards safe practice. Crown continues to use Thirtyoneeight.org as it’s training provider for Safeguarding.
Christmas 2021
We were thrilled to have Andy McCullough speak at Carols at Crown. As a former member of Crown and author of The Bethlehem story, Andy was able to bring alive the Christmas story and bring encouragement of the gospel’s impact around the world.
Giving
We have continued our support of the John 3:16 trust which supports the Evangelist Adrian Holloway who spends time in Christian Unions and Churches speaking about the Christian Faith. Over the course of the year, thousands will hear him speak about Jesus which has led many to further explore the Christian faith. We continue to support a missionary family based in the Rock Church in Wroclaw, Poland in their outreach to the local community. We also continue to give financially into the work of New Ground which supports church planting in different countries around the world. We have also supported Project Hope in their work in the slums and amongst the street children in Mumbai.
4
The Crown Church
Year Ended 31st August 2022
Trustees Annual Report
Staffing
At the end of the period the staff team consisted as follows:
-
James Hunting (FT) Lead Pastor
-
Dan Smith (FT) Pastor.
-
Sonya Kayson (PT) Communications and Membership Co-ordinator
-
Jade Owen (PT) Children’s Worker
-
Gavin Bissessar (FT) Pastor
-
Colette Moore (PT) Administrator
Elders and Trustees
The Elder team is responsible for the spiritual wellbeing and direction of Crown and comprises James Hunting, Dan Smith, Stefan Brown, Andy Langford and Gavin Bissessar.
The Trustee team oversees the governance of Crown Church as a charity and in 2020 we have had a brand new team take up roles. The team comprises: Ngozi Nwabineli (Chair & HR), Chris Atkins (Finance), Kate Durrant (Safeguarding), Glyn James (Secretary & Healthy and Safety), James Hunting (Lead Pastor).
5
The Crown Church
Year Ended 31st August 2022
Trustees Annual Report
Memberships
Crown Church is part of the New Ground family of churches which in turn is a part of the global family of churches New Frontiers. https://newgroundchurches.org/ https://newfrontierstogether.org/
Crown Church is a member of the Evangelical Alliance. https://www.eauk.org/
A note post COVID-19:
At the time of submission, it is important to note that we maintain optimism over the impact of COVID on the operation of the church. Crown members have continued to support the church financially and we are grateful for the increased generosity through regular financial giving as well as one-off responses to care for those in greatest need in our community. The trustees have set aside a proportion of reserves for any future financial impact however Crown’s finances have remained stable during this difficult period. We are aware that the impact of COVID could be felt over many years and the view on the reserves acknowledges this and will provide stability through the next season.
6
The Crown Church
Year Ended 31st August 2022
Trustees Annual Report
Letter from Chair of Trustees
First of all, I want to say a huge thank you to everyone who was involved in putting this document together. As a church and leadership, we aim to be open, honest and lovingly accountable both in God’s eyes and with each other. This has been demonstrated not only during the pandemic and the way that the church has come together but also through its governance.
I am very honoured to be part of a church that embraces and models community in everything that it does. The trustee, eldership and pastoral teams have been a bedrock bringing stability, love and encouragement to every aspect of church life. You have given your time, prayers and guidance to many which and I am so grateful to have you with us. May God do exceedingly abundantly above all that you ask or imagine.
I'm happy as Chair of Trustees to commend this report as we continue our journey to fulfil God’s calling. The church continues to hold in-person meetings and I appreciate everyone who works tirelessly behind (and in front of) the scenes to make this happen from the operations and worship teams to those who ensure that you know all about what is happening in Crown Church. For those who have recently joined the church or have delivered over and above what has been asked of you, I am so pleased to see all the work you are doing. It is making such a huge impact.
As we continue to navigate through these sometimes trying times, I ask that you reach out not just to God but to those around you, there is help and support should you need it. There is no issue or question too small. Before I sign off, I would like to remind you of a chapter of scripture that we know so well. It may be an oldie but it is nevertheless true – Psalm 23 (AMPC):
“1 THE Lord is my Shepherd [to feed, guide, and shield me], I shall not lack. 2 He makes me lie down in [fresh, tender] green pastures; He leads me beside the still and restful waters. [Rev. 7:17.] 3 He refreshes and restores my life (myself); He leads me in the paths of – righteousness [uprightness and right standing with Him not for my earning it, but] for His name's sake. 4 Yes, though I walk through the [deep, sunless] valley of the shadow of death, I will fear or dread no evil, for You are with me; Your rod [to protect] and Your staff [to guide], they comfort me. 5 You prepare a table before me in the presence of my enemies. You anoint my head with oil; my [brimming] cup runs over. 6 Surely or only goodness, mercy, and unfailing love shall follow me all the days of my life, and through the length of my days the house of the Lord [and His presence] shall be my dwelling place.”
Stay safe, and stay blessed, stay connected!
Ngozi Chair of Trustees
7
The Crown Church
Year Ended 31st August 2022
Trustees Annual Report
Reserves Policy
The total reserves held by the Church at the end of August 2022 within the designated reserves fund was £100,000. It is the trustees’ intention to hold unrestricted reserves of between 3 and 6 months of operating costs. Where unrestricted funds that are not tied up within fixed assets are held over this amount the trustees will review the financial position of the charity and evaluate were surplus funds are best spent and invested.
Public Benefit Statement
In setting our objectives and planning our activities our trustees have given consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the Christian faith through the provision of worship and teaching services and the relief of sickness, financial hardship and promoting good health. This has been achieved by the provision of funds, and services.
Financial Review
The Church depends mainly on the voluntary support of its own members and receives some support from other individuals, churches and trusts in the UK. In this year, individuals gave very generously towards the aims of the church. Total income for the year amounted to £ 418,541 (2021: £423,549) and total expenditure amounted to £ 322,595 (2021: £316,925) resulting in a total surplus before gains of £ 95,946 (2021: £106,625).
At the year end the restricted funds carried forward was £27,458 and the total unrestricted funds carried forward was £1,219,314. Of the unrestricted funds carried forward £116,382 was held in the general with the unrestricted balance held in specific designated funds. More details are outlined on page 23 outlining the specific designated funds held at the year end.
Structure, Governance and management
The charity, which is registered with the Charity Commission under number 1095028 and a registered company under number 04529503, is established under Memorandum and Articles of Association dated 9[th] September 2002.
Appointment of Trustees is governed by the Trust Deed. Existing Trustees are authorised to appoint new Trustees which is done on discussion with the church elders and the wider church membership. The Trustees govern the financial aspects of the church and ensure the charity continues to meet its aims. The staff members, along with the church elders, are responsible for the day to day running of the charity and will make decisions within the parameters set by the Trustees such as budget constraints.
8
The Crown Church
Year Ended 31st August 2022
Trustees Annual Report
Trustees' responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP 2015 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Trustees and signed on their behalf by:
Name of Trustee: Keith Wesley
Date: 26/04/2023
9
The Crown Church
Year Ended 31st August 2022
Independent Examiners Report
I report to the trustees on my examination of the financial statements of The Crown Church ('the charity') for the year ended 31st August 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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 charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
Nigel Wyatt BSC FCA Date: 26/04/2023 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
10
The Crown Church
Year Ended 31st August 2022
Statement of Financial Activities
| Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | Total Funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 404,465 | 11,406 | 415,871 | 423,546 | |
| Charitable activities | - | 2,670 | 2,670 | - | |
| Investment ncome | - | - | - | 3 | |
| ────────── | ────────── | ────────── | ────────── |
||
| Total Income | 2 | 404,465 | 14,076 | 418,541 | 423,549 |
| ────────── | ────────── | ────────── | ────────── |
||
| Expenditure | |||||
| Expenditure on charitable activities | 306,845 | 15,750 | 322,595 | 316,925 | |
| ────────── | ────────── | ────────── | ────────── |
||
| Total Expenditure | 3 | 306,845 | 15,750 | 322,595 | 316,925 |
| ────────── | ────────── | ────────── | ────────── |
||
| ────────── | ────────── | ────────── | ────────── |
||
| Net income / (expenditure) before gains/(loses) |
97,620 | (1,674) | 95,946 | 106,625 | |
| ────────── | ────────── | ────────── | ────────── |
||
| Gain/(loss) on revalued land and building | - | - | - | 159,530 | |
| ────────── | ────────── | ────────── | ────────── |
||
| Net income / (expenditure) | 97,620 | (1,674) | 95,946 | 266,155 | |
| ────────── | ────────── | ────────── | ────────── |
||
| Net income and net movement in funds | |||||
| Total funds brought forward | 12 | 1,125,142 | 25,684 | 1,150,826 | 884,672 |
| Transfers | (3,448) | 3,448 | - | - | |
| ────────── | ────────── | ────────── | ────────── |
||
| Total funds carried forward | 1,219,314 | 27,458 | 1,246,772 | 1,150,826 | |
| ────────── | ────────── | ────────── | ────────── |
All income and expenditure derive from continuing activities.
The statement is a combined Statement of Financial Activities and Income and Expenditure Account for the purposes of meeting both Companies Act and charity SORP reporting requirements.
11
The Crown Church
Year Ended 31st August 2022
Statement of Financial Position
| Statement of Financial Position | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible Fixed Assets | 8 | 952,989 | 957,728 |
| Current assets | |||
| Debtors | 9 | 5,506 | 5,745 |
| Cash at bank and in hand | 291,290 | 335,048 | |
| ────────── | ────────── | ||
| 296,796 | 340,793 | ||
| Creditors: amounts falling due within one year | 10 | 3,013 | 21,444 |
| ────────── | ────────── | ||
| Net current assets | 293,783 | 319,348 | |
| Creditors: amounts falling due after one year | 11 | - | 126,250 |
| ────────── | ────────── | ||
| Net assets | 13 | 1,246,772 | 1,150,826 |
| ────────── | ────────── | ||
| Funds of the charity | |||
| Restricted funds | 12 | 27,458 | 25,684 |
| Unrestricted funds | 12 | ||
| Unrestricted General | 72,313 | 116,382 | |
| Revaluation Reserve | 159,530 | 159,530 | |
| Designated Funds | 987,471 | 849,230 | |
| ────────── | ────────── | ||
| 1,219,314 | 1,125,142 | ||
| ────────── | ────────── | ||
| Total charity funds | 1,246,772 | 1,150,826 | |
| ────────── | ────────── |
Directors Responsibilities
The Directors are satisfied that for the year ended on 31st August 2022 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner.
The Directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These Financial Statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
Keith Wesley Name of Trustee: ──────────────────────────────────────────────── Signed on behalf of the Trustees: ──────────────────────────────────────────────── Date of approval: 26/04/2023 ────────────────────────────────────────────────
12
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
Basis of Preparation
The Crown Church is a registered charity with the Charity Commission for England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The principal activity is to advance the Christian faith in accordance with the statement of beliefs.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS 102) issued on 16 July 2014 as amended by Bulletin 1, the Financial Reporting Standard applicable in the United Kingdom (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are repared in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often know as a ‘special offering’ in the church.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
13
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the church, is not included in the accounts but is described in the Trustees Annual Report.
- Investment Income is included in the accounts when receivable.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
14
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
Tangible fixed assets
All assets costing more than £1,000 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time estimated useful live of the asset.
Land and buildings are held on a revaluation basis and is not depreciated. Land and Buildings are revalued every few years.
The depreciation policies of the organisation are as follows:
Equipment 20% Reducing Balance
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
Judgements and key sources of estimation
Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 5 for the carrying amount of the property plant and equipment, and note 1.5 for the useful economic lives for each class of assets.
15
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
| **2 ** | Analysis of income | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Donations and legacies | ||||
| Donations | 339,125 | 9,902 | 349,027 | |
| Payroll giving | 375 | - | 375 | |
| Gift Aid | 64,965 | 1,504 | 66,469 | |
| Grants | - | - | - | |
| ────────── | ────────── | ────────── |
||
| 404,465 | 11,406 | 415,871 | ||
| Charitable activities | ||||
| Events / Book and CD sales | - | 2,670 | 2,670 | |
| ────────── | ────────── | ────────── |
||
| - | 2,670 | 2,670 | ||
| Investment income | ||||
| Bank interest | - | - | - | |
| ────────── | ────────── | ────────── |
||
| - | - | - | ||
| ────────── | ────────── | ────────── |
||
| Total Income | 404,465 | 14,076 | 418,541 | |
| ────────── | ────────── | ────────── |
16
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
| **2 ** | Analysis of income(Continued) | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Donations and legacies | ||||
| Donations | 346,460 | 8,707 | 355,167 | |
| Gift Aid | 63,439 | 921 | 64,360 | |
| Payroll giving | 42 | - | 42 | |
| Grants | - | 3,977 | 3,977 | |
| ────────── | ────────── | ────────── |
||
| 409,941 | 13,605 | 423,546 | ||
| Charitable activities | ||||
| Events / Book and CD sales | - | - | - | |
| ────────── | ────────── | ────────── |
||
| - | - | - | ||
| Investment income | ||||
| Bank interest | 3 | - | 3 | |
| ────────── | ────────── | ────────── |
||
| 3 | - | 3 | ||
| ────────── | ────────── | ────────── |
||
| Total Income | 409,944 | 13,605 | 423,549 | |
| ────────── | ────────── | ────────── |
17
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
3 Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Administration | 15,757 | 68 | 15,825 |
| Asset Depreciaction | 4,739 | - | 4,739 |
| Central Outreach & Events | 5,310 | - | 5,310 |
| Central Training & Conferences | 4,540 | - | 4,540 |
| Cowley Congregation | - | - | - |
| Giving | 29,088 | 2,058 | 31,146 |
| Goverance costs | 7,904 | - | 7,904 |
| Hillingdon Congregation | 30,538 | - | 30,538 |
| Mortgage Interest | 3,316 | - | 3,316 |
| Newday event | - | 13,624 | 13,624 |
| Premises | 11,803 | - | 11,803 |
| Staff Costs | 193,850 | - | 193,850 |
| ────────── | ────────── | ────────── |
|
| 306,845 | 15,750 | 322,595 | |
| ────────── | ────────── | ────────── |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Administration | 21,949 | 1,819 | 23,768 |
| Asset Depreciaction | 4,739 | - | 4,739 |
| Central Outreach & Events | 5,093 | - | 5,093 |
| Central Training & Conferences | 4,747 | - | 4,747 |
| Cowley Congregation | 1,779 | - | 1,779 |
| Giving | 32,140 | 2,050 | 34,190 |
| Goverance costs | - | - | - |
| Hillingdon Congregation | 6,311 | - | 6,311 |
| Mortgage Interest | 3,835 | 1,515 | 5,350 |
| Newday event | - | - | - |
| Premises | 10,028 | - | 10,028 |
| Staff costs | 220,918 | - | 220,918 |
| ────────── | ────────── | ────────── |
|
| 311,540 | 5,385 | 316,925 | |
| ────────── | ────────── | ────────── |
4 Volunteers
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.
18
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
5 Independent examination fees
Fees payable to the independent examiner for:
2022 2021 £ £ Independent examination and preparation of the financial 1,320 1,320 statements
6 Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 186,114 | 193,883 |
| Employers national insurance | 3,834 | 13,826 |
| Employer contributions to pension plans | 3,903 | 13,209 |
| ────────── | ────────── | |
| 193,851 | 220,918 | |
| ────────── | ────────── |
The average head count of employees during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| Average Head Count | 8 | 8 |
No employee received employee benefits of more than £60,000 during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| More than £60,000 | - | - |
Key management personnel
The charity considers its key management personnel to be The Board of Trustees together with the Eldership Team. The total employee benefits received by the key management personnel (including employer NI and pension contributions) was £131,353 (2021:£155,830).
19
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
7 Trustee remuneration, expenses and donations
During the year one trustee (who is also a member of the Eldership Team) receive remuneration. The remuneration paid during the year is for the employees role within the church and not for their role as a trustee. The charity's memorandum of articles gives authority for such remuneration to be paid. The total remuneration paid during the year is as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| James Hunting | 59,220 | 56,898 |
During the year two trustees (2021: two) incurred out of pocked expenses totalling £3,064 (2021: £165) which were all incurred for the day to day running of the charity's activities. The types of expenditure included confernece fees and governnce costs.
During the year the total aggregated donations made to the charity by the trustee's during the year was £26,303 (2021: £15,554). There were no conditions attached to the donations.
8 Tangible Fixed Assets
| Land and | |||
|---|---|---|---|
| Buildings | Equipment | Total | |
| £ | £ | £ | |
| Cost as at 1st Sept 2021 | 948,250 | 37,291 | 985,541 |
| Revaluation | - | - | - |
| Additions | - | - | - |
| ────────── | ────────── | ────────── | |
| Cost as at 31st Aug 2022 | 948,250 | 37,291 | 985,541 |
| ────────── | ────────── | ────────── | |
| Depreciation as at 1st Sept 2021 | - | 27,813 | 27,813 |
| Revaluation | - | - | - |
| Depreciation Charge | - | 4,739 | 4,739 |
| ────────── | ────────── | ────────── | |
| Depreciation as at 31st Aug 2022 | - | 32,552 | 32,552 |
| ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | |
| Net Book Value as at 31st Aug 2022 | 948,250 | 4,739 | 952,989 |
| ────────── | ────────── | ────────── | |
| Net Book Value as at 31st Sept 2021 | 948,250 | 9,478 | 957,728 |
The Charity's building called the Living Room located on High Street Cowley, Uxbridge, UB8 2DZ was revalued as at the 31st of August 2021. The valuation of the building was undertaken by an independent valuer whom used reasonable assumptions based on current market conditions for freehold properties.
Had the building been accounted for under the historical cost model the net book value as at the 31st of August 2022 would have been £754,857.
20
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
| **9 ** | Debtors | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Gift Aid recoverable | 3,977 | 5,741 | |
| Prepayments | 1,529 | 4 | |
| ────────── | ────────── | ||
| 5,506 | 5,745 | ||
| ────────── | ────────── | ||
| **10 ** | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Credit Card Account | 1,693 | 4,725 | |
| Other Tax and Social Security | - | 1,770 | |
| Accruals | 1,320 | 1,200 | |
| Mortgage | - | 13,750 | |
| ────────── | ────────── | ||
| 3,013 | 21,444 | ||
| ────────── | ────────── | ||
| **11 ** | Creditors: amounts falling due after one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Mortgage | - | 126,250 | |
| ────────── | ────────── | ||
| - | 126,250 | ||
| ────────── | ────────── |
21
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
12 Analysis of charitable funds
Unrestricted Funds
| Unrestricted Funds | ||||||
|---|---|---|---|---|---|---|
| 1 Sept 2021 | Income | Expenditure | Revaluation | Transfers | 31 Aug 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 116,382 | 404,465 | (298,790) | - | (149,744) | 72,313 |
| Revaluation Reserve | 159,530 | - | - | - | - | 159,530 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| 275,912 | 404,465 | (298,790) | - | (149,744) | 231,843 | |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Designated | ||||||
| Building, Assets & Mortgage |
659,230 | - | (8,055) | - | 142,284 | 793,459 |
| Church Planting Fund | 40,000 | - | - | - | - | 40,000 |
| Covid Contingency Fund |
40,000 | - | - | - | - | 40,000 |
| Church Reserves (3 months running cost) |
100,000 | - | - | - | - | 100,000 |
| Building Work | 10,000 | - | - | - | - | 10,000 |
| Giving Reserves | - | - | - | - | 4,012 | 4,012 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| 849,230 | - | (8,055) | - | 146,296 | 987,471 | |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Total Unrestricted | 1,125,142 | 404,465 | (306,845) | - | (3,448) | 1,219,314 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Restricted Funds | ||||||
| Building | 230 | 1,380 | - | - | (1,610) | - |
| DWP Grant | 3,358 | - | - | - | (3,358) | - |
| Foodbank | - | 2,885 | (68) | - | - | 2,817 |
| Hardship | 16,025 | 2,209 | (1,892) | - | - | 16,342 |
| Newday | - | 5,208 | (13,624) | - | 8,416 | - |
| Specific Gifts | - | 1,794 | (166) | - | - | 1,628 |
| Vision | 6,071 | 600 | - | - | - | 6,671 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Total Restricted | 25,684 | 14,076 | (15,750) | - | 3,448 | 27,458 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Total Funds | 1,150,826 | 418,541 | (322,595) | - | - | 1,246,772 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
22
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
Analysis of charitable funds cont.
Unrestricted Funds
| 1 Sept 20 | Income | Expenditure | Revaluation | Transfers | 31 Aug 2021 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 31,379 | 409,944 | (311,540) | - | (13,401) | 116,382 |
| Revaluation Reserve | - | - | - | 159,530 | - | 159,530 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| 31,379 | 409,944 | (311,540) | 159,530 | (13,401) | 275,912 | |
| Designated | ||||||
| Building, Assets & Mortgage |
645,829 | - | - | - | 13,401 | 659,230 |
| Church Planting Fund | 40,000 | - | - | - | - | 40,000 |
| Covid Contingency Fund |
40,000 | - | - | - | - | 40,000 |
| Church Reserves (3 months running cost) |
100,000 | - | - | - | - | 100,000 |
| Building Work | 10,000 | - | - | - | - | 10,000 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| 835,829 | - | - | - | 13,401 | 849,230 | |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Total Unrestricted | 867,208 | 409,944 | (311,540) | 159,530 | - | 1,125,142 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Restricted Funds | ||||||
| Building | - | 1,745 | (1,515) | - | - | 230 |
| Hardship | 10,793 | 7,283 | (2,050) | - | - | 16,025 |
| DWP Grant | - | 3,977 | (619) | - | - | 3,358 |
| Vision | 6,671 | 600 | (1,200) | - | - | 6,071 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Total Restricted | 17,464 | 13,605 | (5,385) | - | - | 25,684 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
|
| Total Funds | 884,672 | 423,549 | (316,925) | 159,530 | - | 1,150,826 |
| ────────── | ────────── | ────────── | ────────── | ────────── | ────────── |
Fund transfer
Building, Assets & Mortgage
A transfer of £133,368 to the designated 'Building, Assets & Mortgage fund' from the unrestricted 'General fund' took place. This transfer was to ensure the designated fund balance matched the value of total fixed assets less the remaining mortgage liability and revaluation reserve fund.
23
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
Fund Descriptions
Designated funds
Church Planting Fund Funds the church has chosen to set aside for new initiatives. Covid Contingency Fund Funds the church has chosen to set aside if Covid adversely affects finances.
Church Reserves (3 months running Funds the church has set aside as reserves. cost) Building Work Funds the church has chosen to set aside for building works. Giving Reserves Money set asside for giving that has been rolled forward into the new financial year.
Restricted funds
Building Donations specifically given to help cover the building mortgage costs. DWP Grant Donations specifically given to support those facing hardship. Foodbank Money donated to purchase food and provide financial support to foodbank clients. Hardship DWP Grant for IT Equipment. Newday Money donated towards the costs of taking youth to the NewDay Conference. Specific Gifts Donations specifically given to help the church achieve its vision. Vision Money given for improving both the church website and towards publicity.
13 Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Fixed Assets | 952,989 | - | 952,989 |
| Current Assets | 269,338 | 27,458 | 296,796 |
| Creditors less than 1 year | (3,013) | - | (3,013) |
| Creditors after 1 year | - | - | - |
| ────────── | ────────── | ────────── |
|
| 1,219,313 | 27,458 | 1,246,772 | |
| ────────── | ────────── | ────────── |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Fixed Assets | 957,728 | - | 957,728 |
| Current Assets | 315,109 | 25,684 | 340,793 |
| Creditors less than 1 year | (21,444) | - | (21,444) |
| Creditors after 1 year | (126,250) | - | (126,250) |
| ────────── | ────────── | ────────── |
|
| 1,125,143 | 25,684 | 1,150,826 | |
| ────────── | ────────── | ────────── |
24
The Crown Church
Year Ended 31st August 2022
Notes to the Financial Statements
14 Company status
The company is a company limited by guarantee and not having a share capital. Every member of the company undertakes to contribute in a winding up a sum not exceeding £1 whilst they are a member, or within one year after ceasing to be a member, towards debts and liabilities contracted before ceasing to be a member.
15 Related party transactions
There were no related party transactions which took place during the year (2021: nill).
25