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2023-03-31-accounts

Registered Charity Number: 1096161 Company number: 04649135

Meadowhead Christian Fellowship

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

For the year ended 31 March 2023

Meadowhead Christian Fellowship

Contents

Page
Legal and administrative information 1
Trustees' annual report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the accounts 10 - 15

Meadowhead Christian Fellowship

Legal and administrative information for the year ended 31 March 2023

Trustees

K Dunning C L Simpson A J Hollingum G Ince N Lugg

Company secretary

C Simpson

Key management

J Dunning Senior Pastor S Bodey Church Administrator

Charity number 1096161

Company number 04649135

Registered office

The Circle 33 Rockingham Lane Sheffield S1 4FW

Independent Examiner (and accountants)

Susan Cochrane, FCA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

1

Meadowhead Christian Fellowship

Trustees' annual report For the year ended 31 March 2023

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31 March 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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) issued in October 2019.

Structure Governance & Management

The organisation is a charitable company limited by guarantee, incorporated on 27 January 2003 and registered as a charity on 24 February 2003. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In event of the company being wound up, members are required to contribute an amount not exceeding £1 each.

The charity employs a Senior Pastor who is accountable to the Trustees and who is responsible for the day to day running and management of the Charity's work. In addition, the Charity currently employs three part-time staff, an Associate Pastor, an Administrator, and a Community Outreach & Pastoral Worker.

The Senior Pastor is also the principal Elder within a church eldership made up of five people two of whom are Trustees. The Elders normally meet on a weekly basis and along with the Senior Pastor are responsible for organising church meetings, pastoral care, and spiritual direction.

When necessary, the Charity will recruit and appoint Trustees in accordance with clauses 31-36 of its Articles of Association. The company's policy in respect of recruitment of trustees is that anyone who is supportive of the Objects of the company and subscribes to the Statement of Faith would be eligible to be a trustee of the Charity always provided that their appointment is in accordance with clauses 31 to 36 of the Articles of Association. The company does not have a specific training programme for directors but will rely on using the services of specialist training providers as and when required.

Objects and activities

The charity's objects are to advance the Christian Faith in Norton, Sheffield and in such other parts of the United Kingdom or the world as the Trustees may, from time to time, think fit, and other such purposes, which are exclusively charitable according to the law of England and Wales and are connected to the charitable work of the Charity.

The trustees have given due regard to guidance published by the Charity Commission in respect of public benefit when fulfilling the objectives of the charity.

2

Meadowhead Christian Fellowship

Trustees' annual report - continued For the year ended 31 March 2023

Objectives and Activities - continued

The charity had its base in the Jordanthorpe and Batemoor housing estates. The Charity’s premises (freehold and leasehold) are located on the Jordanthorpe shopping precinct and from there we provide a range of services for members and the wider community.

These include, but are not limited to:

Meadowhead Christian Fellowship (MCF) aims to use its resources to raise the awareness of the local community to the facilities and services offered by the church. When considering the activities offered MCF has had regard to the Charity Commission’s guidance on public benefit with specific cognizance to the advancement of religion. In formulating its activities MCF seeks to enable people to express their personal faith in obedience to Jesus’ commandment to (i) Love the Lord our God with all our heart and mind and (ii) to love our neighbours as ourselves.

MCF also continues in its support of overseas missions which meet the practical and spiritual needs of the poor and needy in poorer communities – mainly in Africa and Asia.

3

Meadowhead Christian Fellowship

Trustees' annual report - continued For the year ended 31 March 2023

Achievements in the year

MCF has grown over a period of years - in both the number of people who attend church services and consider themselves to be members of MCF and in the range of activities which serve the communities of Jordanthorpe and Batemoor. Although very welcome, this growth put pressure on the accommodation available and so the leadership team explored, over several years, a variety of different options to relieve that pressure. This year saw a real breakthrough with the acquisition of No 146 Dyche Road. This is the most significant development in terms of accommodation since 2003. Significant buy-in and financial commitment to the project from a broad base of MCF members enabled this purchase to go through without adding any new borrowing to the charity’s balance sheet.

The acquisition of No 146, opens the door for MCF to serve the Batemoor and Jordanthorpe communities more effectively, building of the firm base established over the previous 20-30 years and relieve the pressure on space which had become a constraint. The next stage of the project will see the charity improving and adapting No 146 to meet the needs around us, with support from partners and funders. Work has already begun, but will continue for at least the next two years, possibly longer. Underpinning all this, is a strong two-fold vision to love God and our neighbour, - recognising that the God loves people and cares for needy. As Psalm 146:7 puts it:

He upholds the cause of the oppressed and gives food to the hungry. The Lord sets the prisoners free, the Lord gives sight to the blind,

Prayer is a vital component of our life and mission, the engine room behind all our activities, and so we have encouraged prayer in many different ways, including a popular What’s App group and in person meetings.

The Charity’s main income comes from donations given by individuals. The trustees recognise that this income is not guaranteed and will be affected by our supporters “life-events” and in response to a difficult economic and cost of living outlook for everyone in the UK (indeed worldwide). But we were greatly encouraged by the resilience in this giving.

During the year, the charity held in-depth discussions with The Message Trust, an unrelated charity, which specialises in partnership working with churches serving communities located in areas of deprivation.

Future developments

In the early summer of MCF formalised its partnership with The Message Trust in order to establish an “Eden Project” on Batemoor Jordanthorpe.

In a further planned development which came to fruition in the summer of 2023, the previous senior pastor, who had led the church for over 30 years, partially retired before taking on a new part-time role as an Assistant Pastor in MCF and handing over the duties and responsibilities of leading the church to his successor.

4

Meadowhead Christian Fellowship

Trustees' annual report - continued For the year ended 31 March 2023

Reserves Policy

The Charity has also reviewed its Reserves Policy and the Charity is satisfied that its reserves are adequate. The trustees have set the target free reserves required at £45,000 to allow for three months’ expenditure on salaries plus redundancy payments (should they be required). Free reserves (unrestricted funds excluding fixed assets) were £151,642 at the end of the year (2022: £125,958).

The normal policy of the Trust is to utilise its resources to further the objectives of the Charity and not therefore to hold excessive reserves. However, at the present time because of the proposed improvements to No 146, we may hold cash in anticipation of planned building works.

The trustees continue to receive monthly account summaries which inform them in a timely manner of any negative trends that may require a managed response.

Lease Arrangements and Acquisition of Land

The charity purchased the Freehold of Unit 3 during 2018. Unit 2 remains within the Fixed Asset Register as a Leasehold interest. The Unit 2 Lease contains tenant only break clause provisions at years 5, 10 and 15 years of the 21-year Lease. MCF decided not to implement the first of these break clauses in March 2020. However, as a consequence of the presence of these provisions, within the Unit 2 Lease, it is considered prudent to depreciate these assets on the basis that the second break clause may be exercised and the period for the depreciation of this asset has been amended accordingly.

The charity also purchased the Freehold of the property known as 146 Dyche Road at auction in December 2022, with completion in mid-January 2023. This came with an existing sub-lease of a small side-building which is let a commercial business who were holding over on the existing lease. The cost of the purchase of No 146 was met from reserves and by generous giving from the members of MCF.

Risk Management

The Charity has compiled, and updates a Risk Register to help to identify potential risks and its level of exposure to them. The potential financial impact of the Covid 19 pandemic was initial assessed in March 2020 by means of a note prepared for the consideration of the trustees. The note recommended, and it was accepted, that the finances should be kept under constant review and that excessive abnormal expenditure should be avoided for the foreseeable future. The treasurer produces and distributes, to the trustees, a monthly spreadsheet identifying the income, expenditure and fund balances, and this enables the trustees to have an up to date understanding of the charity’s financial position and a feel for any developing trends which may occur.

5

Meadowhead Christian Fellowship

Trustees' annual report - continued For the year ended 31 March 2023

Risk Management (continued)

The main associated financial risks to the Charity are its commitment to employees and the day-to-day running costs of our premises on the Jordanthorpe housing estate.

The trustees of MCF manage and maintain a full set of policies to ensure the church operates under appropriate governance and controls. Of particular note are:

The Risk Register – this covers major risks to the operation of MCF. COVID caused us to review our risk management processes with a robust process emerging and formal documentation being produced. This contains a scoring system so that risks are ranked. Even low risk areas are noted.

Safeguarding – through the many services the church provides, MCF regularly works with children and vulnerable adults. Safeguarding is of paramount importance, and we are committed to following government legislation. We are members of thirtyone:eight (one of the UK’s leading independent safeguarding specialists) and commit to follow their guidelines and recognised good practice on safeguarding for both children and vulnerable adults. There is a comprehensive safeguarding policy in place and 2 safeguarding officers at MCF. Leaders and helpers in all groups that engage with children or vulnerable adults are regularly trained on the policy and processes and all are DBS checked to the level appropriate to their role.

Investment Powers, Policy and Performance

The Trust's policy is to invest its resources in the pursuit of its objectives that requires the employment and support of appropriate individuals. The Trust does not generally make long-term investment commitments and aims to deploy its funds without unnecessary delays.

The Trustees, in consultation with the church's pastoral leadership, make decisions relating to grants on the merit of each case and taking into account the financial position of the Trust.

Small company provisions

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees’ report was approved by the board of trustees on 09/11/2023 and signed on their behalf by:

Name: C L Simpson Trustee/Director

6

Independent examiner’s report to the directors of Meadowhead Christian Fellowship (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. 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, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Signed: ____ Susan Cochrane, FCA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

16/11/2023 Date: _____

7

Meadowhead Christian Fellowship

Statement of Financial Activities (incorporating an income and expenditure statement) for the year ended 31 March 2023

Notes
Income from:
Grants and Donations
2
Charitable activities
3
Investments - bank interest
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income/(expenditure)
Transfer between funds
14
Net movement on funds
Total fund brought forward
Total funds carried forward		 Unrestricted
funds
£
185,786
17,743
464
203,993
194,280
194,280
9,713
266,228
275,941
286,407
562,348		 Restricted
funds
£
193,647
1,069
-
194,716
25,450
25,450
169,266
(266,228)
(96,962)
106,664
9,702		 Total Unrestricted
2023
funds
£
£
379,433
148,864
18,812
7,563
464
37
398,709
156,464
219,730
152,892
219,730
152,892
178,979
3,572
-
80
178,979
3,652
393,071
282,755
572,050
286,407		 Restricted
funds
£
24,317
87
-
24,404
22,767
22,767
1,637
(80)
1,557
105,107
106,664		 Total
2022
£
173,181
7,650
37
180,868
175,659
175,659
5,209
-
5,209
387,862
393,071

The statement of financial activities includes all gains and losses recognised in the year.

8

Meadowhead Christian Fellowship

Balance Sheet as at 31 March 2023

Notes
Fixed assets
Tangible fixed assets
10
Current assets
Debtors
11
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Total net assets
Funds of the Charity
Designated funds
13
General funds
Unrestricted funds
Restricted funds
14
Total funds
15		 2023
£
410,706
32,855
137,932
170,787
(9,443)
161,344
161,344
-
572,050
3,378
558,970
562,348
9,702
572,050		 2022
£
160,449
25,563
210,793
236,356
(3,734)
232,622
232,622
-
393,071
-
286,407
286,407
106,664
393,071

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director's acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime and in accordance with FRS102 SORP.

The financial statements were approved and authorised for issue by the Board on 09/11/2023 and signed on their behalf by:

Name: C L Simpson Trustee/director

9

Meadowhead Christian Fellowship

Notes to the Accounts for the year ended 31 March 2023

1 Accounting Policies

(a) General

Meadowhead Christian Fellowship is a charitable company in the United Kingdom limited by guarantee. In the event that the charity is wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows.

Meadowhead Christian Fellowship meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.

(b) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for tax recoverable. Any amount of tax recoverable from HM Revenue & Customs but not received at the year end is shown within the charity's debtors.

The charity has relied significantly upon volunteers in carrying out its activities during the year. In accordance with paragraph 6.18 of the SORP, the role of volunteers has not been recognised as income from donated services in the accounts.

(c) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

(d) Grants payable

Grants payable are provided for at the earlier of when they are paid or become constructive obligations.

The charity provides pastoral support, mission support and donation in the UK and around the world. Where a particular individual/organisation has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability. Whilst the support has no final end date, the trustees assess support on an annual basis and are confident that the those supported would not view their support as an open ended obligation on the part of the charity. The annual commitment only is accounted for in these financial statements.

(e) Fund accounting

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

Restricted funds are either donations which the donor has specified are to be used solely for particular areas of the charity's work or grant income sought for specific activities.

(f) Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off cost of those assets , less their residual value, over their expected useful lives on the following basis:

Freehold property - 2% reducing balance Leasehold property - Straight line Fixtures, fittings and equipment - 25% Straight line

10

Meadowhead Christian Fellowship

Notes to the Accounts - continued for the year ended 31 March 2023

(g) Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.

(h) Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement

(i) Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

(j) Defined contribution pension scheme

The charity contributes to a defined contribution pension scheme for the benefit of the employees. The pension costs charged are the contributions payable to the scheme in respect of the accounting period in accordance with FRS102.

(k) Taxation

The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.

(l) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2 Income from grants and donations

Tithes and offerings
Mission donations
Other donations
Youth work
Grants:
Reach
The Terminus Initiative
The Talbot Trust
SCC Ward pot
SCC Community Capacity Building Grants
SCC Community Infrastructure Levy
Warm Welcome energy Grant
Heeley City Farm
Income from charitable activities
Contract and project income:
Community Champions Programme
Other activities		 Unrestricted
funds
£
184,990
-
-
796
-
-
-
-
-
-
-
-
185,786
Unrestricted
funds
£
8,000
9,743
17,743		 Restricted
funds
£
160,645
17,328
2,669
-
-
2,193
2,500
1,000
3,222
590
1,000
2,500
193,647
Restricted
funds
£
-
1,069
1,069		 Total
2023
£
345,635
17,328
2,669
796
-
2,193
2,500
1,000
3,222
590
1,000
2,500
379,433
Total
2023
£
8,000
10,812
18,812		 Unrestricted
funds
£
147,692
-
-
120
802
-
-
250
-
-
-
-
148,864
Unrestricted
funds
£
-
7,563
7,563		 Restricted
funds
£
6,602
17,715
-
-
-
-
-
-
-
-
-
-
24,317
Restricted
funds
£
-
87
87		 Total
2022
£
154,294
17,715
-
120
802
-
-
250
-
-
-
-
173,181
Total
2022
£
-
7,650
7,650
11

3 Income from charitable activities

Meadowhead Christian Fellowship

Notes to the Accounts - continued for the year ended 31 March 2023

4 Expenditure on Charitable Activities

Unrestricted
Note
funds
£
Staff costs
5
89,221
Pastoral support
8
20,022
Youth work and social expenses
19,477
Ministry and resources
2,597
Mission support and donations
8
7,910
Establishment costs
24,590
Office expenses
4,216
Professional fees
9
8,002
Depreciation
18,245
194,280		 Restricted
funds
£
-
-
2,581
-
17,328
3,041
-
2,500
-
25,450		 Total
2023
£
89,221
20,022
22,058
2,597
25,238
27,631
4,216
10,502
18,245
219,730		 Unrestricted
funds
£
80,465
14,978
10,915
1,159
13,621
14,636
2,585
3,447
11,086
152,892		 Restricted
funds
£
-
-
5,052
-
17,715
-
-
-
-
22,767		 Total
2022
£

80,465

14,978
15,967

1,159
31,336

14,636

2,585

3,447

11,086
175,659

5 Staff costs

Salaries
Employer's National Insurance contributions
Employer's allowance		 2023
£
85,748
7,692
(5,000)
88,440		 2022
£
77,440
7,025
(4,000)
80,465

No employee receives emoluments in excess of £60,000. The average monthly numbers of employees during the year for pastoral provision and administration was 4 (2022: 3).

6 Trustee remuneration and expenses, and the cost of key management personnel

One charity trustee was paid £13,565 from employment with the Charity in the year (2022: £nil). One trustee was reimbursed expenses of £835 during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

The key management personnel of the charity, comprise the trustees, Senior Pastor and Church Administrator. The total employee benefits of the key management personnel of the charity were £53,738 (2022: £59,670).

7 Related Party Transactions

Trustees, key management and their close family gave £31,703 unrestricted donations and £73,420 restricted donations during the year.

The husband of Mrs K Dunning, trustee, was employed by the charity during the year. He received £36,650 remuneration. Mrs K Dunning is not part of the remuneration committee which is made up of the other trustees and she is therefore not involved in any discussions or decisions regarding her husband’s terms of employment.

One elder, who is also key management, was reimbursed expenses during the year totalling £987.

N Lugg, a trustee, is also a trustee of CiCA UK. During the year mission support of £2,460 (2022: £1,376) was paid to CiCA UK.

There were no other related party transactions during the year.

12

Meadowhead Christian Fellowship

Notes to the Accounts - continued for the year ended 31 March 2023

8 Expenditure on charitable activity - pastoral support, mission support and donations

Support of individuals
Support of organisations
CLC International
Flag Church, India
Philippine Outreach Centre Ministries - Philippines
CICA UK - Africa
Radstock Ministries
Echoes International
Jehovah Jireh Ministries
Raj Ministries, India
Donations under £1,000 in the year		 Pastoral
Support
£
18,210
-
-
-
-
-
-
-
-
1,812
20,022		 Mission support
and donations
£
4,500
1,564
3,285
1,769
2,460
2,811
3,153
1,472
3,373
850
25,238		 2023
Total
£
22,710
1,564
3,285
1,769
2,460
2,811
3,153
1,472
2,662
41,886

In the year ended 31 March 2022 total expenditure of £46,314; £14,978 pasterol support, £31,336 mission support and donations.

9 Independent examination fees

Included within professional fees is the following:
Independent examination fee		 2023
£
1,740

No other fees were paid to the independent examiner's organisation.

10 Tangible fixed assets

Cost
As at 1 April 2022
Additions
Disposals
As at 31 March 2023
Depreciation
As at 1 April 2022
Charge this period
Disposals
As at 31 March 2023
Net book value
As at 31 March 2023
As at 31 March 2022
11 Debtors
Income tax recoverable under gift aid
Prepayments		 Freehold Land
and Buildings
£
154,538
258,642
-
413,180
14,559
7,972
-
22,531
390,649
139,979		 Leasehold
Property
£
44,101
-
-
44,101
29,377
5,513
-
34,890
9,211
14,724		 Fixtures, fittings
and Equipment
£
48,092
9,860
(2,460)
55,492
42,346
4,760
(2,460)
44,646
10,846
5,746
2023
£
28,672
4,183
32,855		 Total
£
246,731
268,502
(2,460)
512,773
86,282
18,245
(2,460)
102,067
410,706
160,449
2022
£
24,950
613
25,563

13

Meadowhead Christian Fellowship

Notes to the Accounts - continued for the year ended 31 March 2023

12 Creditors: amounts falling due within one year

Other taxes and social security
Accruals
13 Unrestricted funds
Designated funds
Other activities - Parish Nursing
General Funds		 Balance at
1-Apr-22
£
-
-
286,407
286,407		 Income
£
8,000
8,000
195,993
203,993		 Expenditure
£
(4,622)
(4,622)
(189,658)
(194,280)		 2023
£
1,516
7,927
9,443
Transfer
£
-
-
266,228
266,228		 2022
£
1,723
2,011
3,734
Balance at
31-Mar-23
£
3,378
3,378
558,970
562,348

Other activities - Parish Nursing

Funds designated by the trustees for the support of the Parish Nursing Initiative.

14 Restricted funds

Mission fund
Building fund
Edge Centre
Other activities		 Balance at
1-Apr-22
£
-
103,781
-
2,883
106,664		 Income
£
17,328
161,714
7,312
8,362
194,716		 Expenditure
£
(17,328)
-
(3,564)
(4,558)
(25,450)		 Transfer
£
-
(265,495)
-
(733)
(266,228)		 Balance at
31-Mar-23
£
-
-
3,748
5,954
9,702

Mission fund

The fund supports pastoral and welfare work.

Building fund

The fund represents restriction donations in respect of property purchase and related building costs. The transfer represents the purchase and capitalisation of the property in the accounts.

Edge Centre

Funding to support the Edge Centre at MCF which provides benefits advice, debt advice, housing advice, form filling support and other related advisory services to people primarily in the S8 catchment area of Jordanthorpe, Batemoor and Lowedges.

Other activities

Other activities restricted fund includes the Parish Nursing provision, support of the community café, a clothes bank and volunteer training and development.

Prior year
Mission fund
Building fund
Other activities		 Balance at
1-Apr-21
£
-
97,981
7,126
105,107		 Income
£
17,715
5,800
889
24,404		 Expenditure
£
(17,715)
-
(5,052)
(22,767)		 Transfer
£
-
-
(80)
(80)		 Balance at
31-Mar-22
£
-
103,781
2,883
106,664

14

Meadowhead Christian Fellowship

Notes to the Accounts - continued for the year ended 31 March 2023

15 Net assets by fund

Tangible fixed assets
Current assets
Current liabilities		 Unrestricted
funds
£
410,706
160,853
(9,211)
562,348		 Restricted
2023
funds
Total
£
£
-
410,706
9,934
170,787
(232)
(9,443)
9,702
572,050		 Unrestricted
funds
£
160,449
129,208
(3,250)
286,407		 Restricted
funds
£
-
107,148
(484)
106,664		 2022
Total
£
160,449
236,356
(3,734)
393,071

16 Operating lease commitments

At 31 March 2023 the charity was committed to making the following payments under other operating leases as follows:

Operating lease payments:
Within 1 year
Within 2 to 5 years		 2023
£
7,200
13,800
21,000		 2022
£
7,200
21,000
28,200

15