Registered Charity Number: 1095425 (England and Wales)
Pinehurst Community Church Trust Annual report and Financial Statements For the year ended 31 December 2024
Pinehurst Community Church Trust Registered Charity No. 1095425
| Contents | Page No. | ||
|---|---|---|---|
| Legal and administrative information | 1 | , | |
| Trustees’ annual report | 2-3 | ||
| Independent examiners’ report | 4 | ||
| Statement of financial activities (SOFA) | 5 | ||
| Balance sheet | 6 | ||
| Notestotheaccounts | 7-10 | . |
Pinehurst Community Church Trust Legal and administrative information TRusfEES Shlrley 8ennett- chalr Lindsey Thyer Patricia Vincent Brian Wareham (appolnted 26 September 2024) Domlnlc WahaM { appolnted 26 September 2024) George Groves (resigned 22 July 2024) PIUNaPAL OFFice 90 Pinehurst Road West Moors Ferndown Dorset BH22 OAR REGISTERED CHARrrY NUMBER 1095425 INDEPENDENT EXAMINER Hub Accountants Ltd Chartered Accountants IC Fridays Court 3 - 5 High Street Ringwood BH24 IAB BANKERS CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Page I
Pinehurst Communlty chh Trust Truste&s Annual Report For the year ended 31 December 2024 The trustees present thelr report and finandal statements for the year ended 31 December 2024. The trustees have adopted the provlslons of ACCOUnn9 and Reportlng by Charttles: Statement of Recommended Practlce appllcable to charfties preparfng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2019). Structur G0Mance and Management The Governlng Document Is the Dedaratlon of Trust dated 2 September 2002, amended 30 July 2013. The an unlncorporated assodatlon. The selectlon of Trustees Is by agreement between Trustees and Church leadershlp. The Trust Is part of Commlsslon group of Churches under the umbrella of New Frontlers. Recrultment and appolntment of new trustees Trustees are appolnted by the elders and exlstlng trustees. ObJe¢tlve8 and actlvltle• The purpose of the charlty Is the organlslng seThkes for the purposes of Chrlstlan worshlp and learnln9. The trust supports famllles wlthln the Church and surroundlng communlty. It also supports overseas work of a stmllar nature In varlous parts of the worfd. All Trustees have due regard for the Charlty Commlsslon guIdan. Volunteers are sourced from the membershlp and provlde the bKkbone of runnlng the Churth. Actlvltles Indudes Toddlers Groups, chlldren's work. caterlng. coffee momlngs, crechei publlc address systems, leadlng worshlp etc. Publlc benefft When plannlng our actlvltles for the year, the trustees and elde have consldered the Commlsslon's guldance on publlc beneflt. We try to enable ordlnary people to Ilve out thelr falth as part of our communlty through all of our actlvltles Indudlngi worshlp and prayer. prov151on of pastoral care, mlsslonary and outreach work. A¢hlevemants and Performan Income Is derfved from voluntary glvlng from members and Communlty organlsatlons such as Sllmmlng Wodd, Dance groups and a cholr have used the premlses regularly. To asslst the poor In the communlty donatlons of food have been made regularly to a local foodbonk, Flnanclal R•vlew Regular glvln9 has Increased durlng the year by nearly ÉlO,000, together wlth addltlonal donJtlons and grants recelved towards the bulldlng projert. amountlng to £130,017. Expendlture on the bulldlng work amounted to £167,021 and the addltlonal costs were tsken from unrestrlcted reserves. At the year end there was a defldt on the unrestrfcted reseNes of £18,560. Reoerve8 polky Reserves are used to top up deficits In runnlng costs and repalrs. Total free reserves held as at 31st December 2024 was £100,152 (2023: £118,712) To malntaln suffldent funds to ensure the ongolng work of the Tnst and the causes that fft wlthln our objecttves. The trustees ensure that the reserves held are In excess of three months of standard expendlture. The reserves held are calculated as three months flxed runnlng costs whlch Indude salaryi PAYE, and penslon contrtbutlons. Page 2
Plnehurst Communtty Church Trust Trustses Report - contlnued ststement of Trustses. Regponslbllltleg The trustees are responslble for the preparatlon of the Trustees report and financlal ststements In accordance wlth appllcable law and Unlted Kln9dom Standards (United Klngdorn Generally Accepted Accountlng Prattlce). The trustees conslder than an audit is not requlred for thls year under settlon 144(2) of the Charities Att 2011 (the 2011 Act)) and that an independent examination Is needed. The law appllcable to charitles In England & Wales requlres the trustees to prepare flnanclal statements for each flnandal year whlch give a true and falr vlew of the state of affalrs of the Charlty and of the Incomlng resources and appllcatlon of resources of the Charlty for that perlod. In preparlng these financlal statements, the trustees are reaulred to: selert sultable accountlng polldes and then apply them conslstentlyl obsenie the methods and prlndples In the Charltles SORP; make Judgements and estlmates that are reasonable and prudent; state whether appllcable UK Accountlng Standards have been ft)Ilowed, subjett to any materlal departures dlsdosed and explalned In the financlal statements: Prepa the flnanclal statements on the golng concem basls unless It Is Inapproprlate to assume that the charfty wlll contlnue In buslness. The trustees are responslble for keeplng proper accountlng rett+rds that dlsdose wlth reasonable accuracy at any tlme the financlal posltlon of the Charlty and enable them to ensure that the financlal statements Comply wlth the Charftles Act 2011, the Charltles (Accounts and Reports) Regulatlons 2008 and the provlslons of the trust deed. They are also responslble for safeguardlng the assets of the Charfty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irreguladtle5. Slgned on the Trustee$ behalf by: Shlrley 8ennett Chalr of Trustees Date: 21 ts2S Page 3
Plnehurst Community Chur¢h Trust Independ¢nt Examlnerfs Report to the Trustees of Plnohurst Communlty Church Trust I report on the accounts of the Trust for the year ended 31 December 2024, whlch are set out on pages 5 to 10. RESPEcfIvE RespoNSIBILrriES OF THE TRUSTEES AND EXAMINER As the charlty's trustees1 you are responsible for the preparatlon of the accounts In accordance wlth the It Is my responslblllty to: Examlne the accounts under sectlon 145 of the 2011 Act; Follow the procedures lald down In the General D1ctIonS glven by the Charlty Commlssloners under sertlon 145(5){b) of the 2011 Act; and To state whether partlcular matters have come to my attenUon. INDEPENDENT EXAMINER'S sfATEMENT I have completed my examlnatlon. I conflrn that no matters have come to my attentlon In connertlon wlth the examlnatlon glvlng me cause to belleve: the accountlng records were not kept In accordance wlth sectlon 130 of the Charftles Art; or the accounts dld not accord wlth the accountlng records; or the accounts dld not comply wlth the appllcable requlrements concemlng the form and content of accounts set out In the Charftles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a 'true and falr, vlew whlch Is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have rne across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understsndlng of the accounts to be reached. P•ul Stacey FCA For and on behalf of Hub Accountants Ltd Chartered Accountants IC Frldays Court 3-5 Hlgh Street Rlngwood H24 IAB Sfgn*d: Date: Page 4
Pinehurst Community Church Tn statement of FinancSal Activltles For the year ended 31st December 2024 Tot•1 2023 Funds Funds Funds 2024 INCOME AND ENDOWMENTS FRO Donations and legacies Charitable Artlvltles Grants Investments 71,695 17,Ol8 48.417 120.112 17,018 81.600 3,193 59.180 18,S14 81.600 3.193 1,801 91.91)6 221 923 EXPENDrnIRE ON Charltable Actlvltles 75,139 75,139 72,889 2b 16,767 130,017 146,784 6,606 Transfer between Funds (34,697) (630) 35,327 NET INCOMINGI(OUTGOING) ResouRCES {17,930) 1630) 165,344 146,784 6,606 RecoNCILIATION OP FUNDS Total Funds brought forward 118.082 630 1,266,342 1,385,054 3n,448 TOTAL PUNDS CARRIED FORWARD The notes on pages 7 - 10 fom) part of the flnandal statements Page S
Pinehur5t Communlty Church Trust Balance Sheet For the year ended 31st December 2024 Unrestrlcted Restricted 2024 2024 Total Funds 2024 Totsl Funds 2023 Notes FIXED ASSETS Tangible Fixed Assets 2,488 1,431,686 1,434,174 1,267,814 CURRENT ASSÉTS Debtors Cash at Bank and in hand 5,768 5,768 5,424 116 19S 121.619 101,498 101,498 CREDrroRS Amounts falling due within one year {3,834) (3.834) (4.379) 97,664 97,664 117,240 TOTAL ASSEfs LESS CURRENT LIABILITIES 100 152 1431 686 1 531 838 1.385 054 FUNDS Restdcted Funds Unrestricted Funds 1,431,686 100,IS2 1,266,342 118,7L2 1,531,838 1,385,054 The notes on pages 7 - 10 form part of the finanaal ststements Approved by the Board of Trustees on and signed on its behalf by Shirley Bennett Chalr of Trustees Page 6
Plnehurst Community Church Trust Notes to the Accounts For the year ended 31st December 2024 I. ACCOUNTING POLICIES Accountlng Conventlon The financial statements have been prepared under the historical cost conventlon, and accordance wlth the statement of Recommended Practlce: Accountlng and Reporting by Charltles preparing thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland {FRS 102) Issued on 16 July 2014 and with the Charities Act 2011. Iftcomlng Resou08 All Incomlng resources are Included on the Statement of Flnanclal Actlvltles when the charlty Is legally entitled to the Income and the amount can be quantified with reasonable accuracy. Resources Expended Expendlture Is accounted for on an accrual basls and has been classlfled under headlngs that aggregate all costs related to the ¢ategory. Where costs cannot be directly attrlbuted to partlcular headlngs, they have been allocated to actlvltles on a basls conslstent wlth the use of resources. Tanglble Flx•d A8•ets Depreclatlon Is provlded at the followlng annual rates In order to wrlte off each asset over Its estlmated useful Ilfe Freehold Property Flxtures and Flttlngs Computer Equlpment no depreclayon 20Vo on cost 20Wo on cost Church land and bulldlngs No depreclatlon Is provlded on freehold land or resldentlal propertles. It Is the trustee's prattlce to malntaln these assets In a contlnual state of sound paIr and the resldual value Is unllkely to be below cost. Indlvldual Items of equlpment wlth a purchase prlce of £250 or less are wrltten off when the asset Is acqulred. Taxatlon The charfty Is exempt from tax on Its charltable artlvltles Fund A¢¢ountlrtg Unrestrltted funds can be used In accordance wlth the charltable objectlves at the dlscretlon of the trustees. Restrlcted funds can only be used for particular purposes within the objects of the charlty. Restrlctlons arlse when speclfied by the donor when funds are ralsed for partlcular restrlrted purposes. Further explanatlons of the nature and purpose of each fund Is Included In the notes to the flnanclal statements. Page 7
Pinehuyst Communlty Church Trust Notes to the Accounts Continued For the year ended 31st December 2024 2. INCOMING RESOURCES Total 2024 Total 2023 Fund8 Funds (a) Voluntary Income Offerlngs Donations Gift Tax Claimed Regular Glvlng 7.729 9,358 39,080 9,337 3.719 10.309 45,152 18.695 54,608 71.695 120.112 59,180 Charltablo actlvltles Events income Commlsslon festlval donatlons Llttle Plnes 141ghty Plnes Youth work Income from use of premlses 398 836 398 836 589 1,237 214 129 16,345 1,263 13.87S 1,263 13,875 Grants Grants recelved Xnvestmant Incom• Interest Total Income (b) ResouRCES EXPENDED Charltable artlvltlo• Total 2024 Total 2023 Pund• Fund8 Actlvltle8 Chlldren Youth Commisslon Festlval Llttle Plnes 474 142 474 142 2.409 414 525 1,703 Support Accountant Bookkeeplng Bank Charyes Copier 1,457 1.457 1.530 705 77 1.150 297 917 275 1,150 297 917 275 2.015 78 897 Admln/Office 5upplles Subscrlptions Telephone Bulldlng Cleaning and Caretaking Elettrlclty Gas Insurance Repairs & Malntenance - Churth Repairs & Maintenance - The Laurels Water 691 3.156 1,450 2,265 4,532 is8 369 11621 691 3,156 1,450 2,265 4,532 158 369 729 2.430 1,843 2,153 4,403 100 314 Page 8
Plnehurst Communlty Church Trust Notes to the Accounts Contlnued For th• year ended 31st December 2024 Unrestrl¢ted Regtrirted Funds Pund• Total 2024 Total 2023 (b) RESOURCES EXPENDED Cont Mlsslon and Gifts Commlssion M15cellaneous glfts Church Member rellef fund 3.000 3,000 2,400 286 55 S4 3,054 54 Servi¢e & Oth•r Costs Caterlng and refreshments Outreach Resources and sen11 Costs Tralnlng Sundry 1,203 597 217 283 71 1,203 S97 217 283 71 1,635 ioi 393 543 124 Staff Co•ts Rates Salarles 3,423 3,423 3,215 48.236 44,081 D•prodatlon 661 787 Total Expendlture Note Stsff costs do not Indude the non-taxable benefit-ln-klnd In respect of the percelved ntaI value on the property owned by the church and known as "The Laurels" Thls Is estlmated at £14,440 per The average number of employees In the year was 3 (2023: 3). Ilo employee recelved emoluments In excess of £60,000. 3. FIxeD AsseTS Preehold prOrty Plxtyr?s & Httlng• Total equlpmertt Coot as at 1st January 2024 Addltions Dlsposals Cogt a• at 31•t December 2024 1,264,665 167,021 9,753 54,286 1,328,704 167,021 1 431,686 1493 725 Depreclatlon a• at irt January 2024 Charge for year Dlsposals Depmdatlon aa at 318t llecember 2024 7,227 505 53,663 156 60,890 661 Nrt Book Value l•t January 2024 1,264,665 526 623 1,267,814 Net Book Value 31rt December 2024 431 686 021 467 1 434 174 Page 9
Pinehurst Communlty Church Trust Notes to the Accounts Contlnued For the year ended 31st December 2024 2024 2023 4. DEBTORS Debtors Gift Aid Tax daimed Prepayments 479 3,503 1.442 4,230 5. CASH AT BANK AND IN HAND CAF Cash Account CAF Gold Account Petty Cash 8,147 87,504 79 13,983 102,133 79 116 195 6. LIA8ZLrrIES: Amounts falllng due within on• year Accruals Sundry Credltors 1.765 2,217 3.834 4379 7. ACCUMULATED FUNDS Restricted Funds Building Fund Church Laurels Development Total Restritted Funds 2024 2023 1,677 874,665 1,041,686 1.431.686 266,342 Deslgnated Funds Uttle Plnes Family 630 118.082 Unrestricted Funds I1,152 TOTAL FUNDS 1 385 054 Durlng the year the designated funts We amalgamated back into the general unrestrlcted funds. Funds Funds Funds 8. ANALYSES OF Nrf ASSEfs BY FUNO Flxed assets Current assets Current liabillties 1,431,686 1,434,174 101,498 (3,834) 101,498 (3,834) 100 152 1 431 686 I S31 838 9. TRUSTEE RENUMERATION The trustees Ceived no remuneratlon or exper durlng the year. 10. RELATED PARTY TRANSACTIONS There were no related party transattions durlng the year 11. FINANCIAL COMMrrMENTS Durlng the year. the trustees entered Into an agreement for the development of the exlstlng bulldlng and at the vear end there are fijrther costs to come of £72.032. Page 10