Thames Valley Churches of Christ IA company limited by guaranleel Registered Company Number: 04767513 Registered Charity Number: 1099382 TRUSTEESREPORT AND FINANCIAL STATEMENTS FOR 15 MONTHS PERIOD ENDED 31 MARCH 2024 pg.1
CONTENTS Page Legal and Administrative Details Trustees. Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes lo the Financial Statements 10 i)g.
Thames Valley Churches of Christ LEGAL AND ADMINISTRATIVE DETAILS TRUSTEES Dr Jasminder Mankoo Mr. Christopher Birtles MINISTERS Mr. Timothy Dannatt Mrs. Siobhan Dannatt COMPANY SECRETARY AND ADMINISTRATOR Dennis Obongonyinge ACMA REGISTERED OFFICE 137 Deepcut Bridge Road Deepcul Camberley Surrey GU16 6SD LEGAL STATUS Thames Valley Churches of Christ Is a company limited by guarantee incorporated on 16th May 2003, Registration No 04767513. Registered with the Charity Commission Registration No 1099382 pg.3
Thames Valley Churches of Christ Tru$t•es' report for the year ended 31 Mar¢h 2024 The Trustees present their annual report and independently examined financial statements for 15 months ended 31 March 2024 Structure, governance and management Thames Valley Churches of Christ is a company limited by guarantee Icompany Number 47675131. It is also a registered charity (Charity Number 10993821. Both regislralions are in England and Wales. The organisalions registered address is, 137 Deepcut Bridge Road. Deepcul, Camberley. surrey, GU16 6SD. Because of its. dual status as a company and a charity. the same people serve as its company DirectOTS and charity Tru51ees. A list of those serving is given on page l. In this document. the term "Trustee" is used, but this should also be tsken lo imply the role of "Direclorf.. Trustees meetings are held face lo face al least four limes per annum. The day-104ay adminislralion of the charity is delegated to the "Company Secretary" The day to day "spiritual" leadership and guidance of the charity is delegated lo "the Ministry leader and the women's ministry leader Thames valley Churches of Christ continues to have warm and independent links with a poverty-relief charity called HOPE worldwide and continues to encourage Ils members lo support their work. Public benefit The trustees have complied with the duty set out In section 17 of the Charities Act 2011 to have due regard to public benefit guidance by the commission. All Iruslees give their lime voluntarily and receive no benefit from the charity. Any expenses reclaimed from the chanty by the trustees are set out in note 6 to the accounts. Objectives and Activities The objects of Thames Valley Churches of Christ are defined in its Articles of Association as follows. 'Yhe advancement of the Christian rgligion and the lief of poverty in the United Kingdom and elsewhe throughout the worfd" The main ways In which Thames Valley Churches of Christ accomplishes its objects are through.. adult ministry Ilhis includes prayer. leachin9, preaching, spiritual counselling and evangelism) youth and children's ministry assistance to the needy and the sick Prayer, teaching, counselling and evangelism Thames Valley Churches of Christ aim lo facilitate the worship of God and to promote the everyday application of Chris's teachings. The charity continues lo focus on small groups in the counties of Surrey. Hanls, Berkshire, Dorset and 8uckinghamshire All the groups meet frequently lo pray and worship together and lo receive biblical teaching. The charity employed a fulllime pastoral worker and a women's leader. 11 also continued lo use the services of a leaching and worship leader on a consultancy Iself*mployedl contract. With the help and support of members of the congregations the Sunday worship services. and mid-week meetings are open lo members of the wider community and visitors are welcome. All these activities aim to foster and promote the everyday application of Christ's teachings. pg.4
Thames Valley Churches of Christ Trustees, report for the year ended 31 March 2024 Youth and Children's ministry As In previous years the charity has pul resources into building an effective youth ministry for families within the congregations and their surrounding neighbourhoods. All youth and children's activities are organised with the safely and security of the children al ils heart. The charity has subscribed lo the services of the Churches Child Protection Advisory Service Inow Thityone."eightl who provide an invaluable service In supporting this work. Weekly classes this year were focused on Creating an encouraging environment in which children can build an understanding of God and grow in their confidence and self-esleem and develop an appreciation of the relevance and usefulness ot Christ in their everyday lives. The children are encouraged lo invite their friends and family along lo these evenl5. Assisting the Needy and the Sick As in previous years the charity aims lo meet the local needs among its members and in the local community. The Charity strives to imitate Jesus concern for those in need by supporting and partnering with HOPE Worldwide la UK registered charity). This year the charity continued lo support the work of HOPE Worldwide In India Isupport for the "Village of Hope" This year the church also supported the work oh HOPE Worldwide In Lebanon and Croalia.. As in previous, members of the rxingregations are encouraged lo volunteer their time and to contribute resources to support the work of HOPE Worldwide. Achievements in the year The Church this year has tsken new staff and is preparing for a transition in leadership, which is quite exciting. The continues lo grow and spread in small groups Again the youth ministry had a very successful summer camp In Isla of Wight. The youth ministry continued to engage and inspire young people from within the church and the local community by using online resources. The Is also focussing on building a young families and young professionals ministry. The church also had a great summer programme with an outdoor service in the summer of 2023. Leaders continue to rise up in the small groups and locations and a wealth of lalenl that is needed for the church to continue lo thrive Is very encouraging Financial review In overseeing the finances and administration of the charity, the Trustees wish lo ensure that it complies with all relevant legislation and regulations. However. they also seek lo apply a high standard of self- regulation, as they seek lo imitsle the standard set In the Bible by the Apostle Paul". "We want to avoid any criticism of the way we administer this liberal gNft. For we are taking pains to do what is right, not only in the eyes of the Lord bul also in the eyes of men." 2 Cor 8.'20-21, Most donations are received from congregational members by standing orders. The Trustees do not believe the charity is Involved in risky activity. All ne$Sary employets and public liability insurance policies are held and under constant review. The organisalion has taken on more costs as we prepare for transition in leadership bul the trustees believe was in good financial health during the 15 months that ended 31 March 2024. The accumulated funds of £23,456 as al 31 December 202212021. £68,308]
Thames Valley Churches of Christ Trustees, report for the year ended 31 March 2024 Future Plans The trustees continue to focus on growing the church with particular emphasis on the following." encourage and support continued growth in our current ¢ongregalions. continue to seek new outreach and church plantings within the Thames Valley region. continued support for the needy ancl the sick. Recruit younger people into leadership of the church. As already demonslraled by the hiring of a new young ministry couple. Principle risks The Trustees periodically review and update the organisalion's risk register Three headline risks concern safeguarding. and maintaining the goodwill of church members. These risks and a summary of our miligalion plans are described as follows". Safeguarding the well-being of children land vulnerable adults) in church care.. the Trustees want to have land be seen lo havel the highest standards in child protection. We are informed by advice from Thityone."eighl (formerly Churches Child Protection Advisory Service). All staff are required to attend suitable training Iboth on appointment and periodically Ihereafterl, an¢we are expanding the Disclosure and Barring Service IDBSI checks to include all members regularly involved in such activities. Trust and goodwill of church members.. the financial and operational continuity of the charity is intrinsically lied to the continued trust and goodwill of the church members towards the charity. Ils leadership and ils effectiveness in catrying out ils purpose We seek lo protect and strengthen that goodwill through upholding the expectation of wholehearted participation In the life of the church by all ils members, healthy engagement with church leadership. and forums such as the Annual Church Meeting where questions about the church's finanTrs and impact can be raised and addressed. Future leaders. the trustees recognise the need lo address the demographic gap within the church. The trustees are working with the current leaders to develop a young professionals ministry lo act as a recruitment vehicle for future leaders. Conclusions This port has demonstrated that Thames Valley Churches of Christ is accomplishing ils objectives lo spread the message and teachings of Jesus Christ. and lo help those affected by poverty and sickness. In so doing. il Is bringing benefits lo wider society and eommunily through ils a¢livilies. The organisalion is in a sound financial position and is well placed lo build on its work in 2024. Approved by the Trustees. and signed on their behalf on 31 January 2025 by Mr Christopher Birtles Trustoe pg.6
Thames Valley Churches of Christ Trustees, report for the year ended 31 March 2024 Statement of trustees. responsibilities Company law requires the Trustees to prepare financial slalemenls that give a true and fair view of the state of affairs of the charity al the end of the financial year and of 11s surplus or deficit for the financial year. In doing so the Trustees are required to. Select suitable accounting policie5 and then apply them consistently, Make sound judgement5 and estimates that are reasonable and prudent., and Prepare the financial statements on the going concem basis unless it Is inappropriate to presume that the charity will continue in business. The Trustees are responsible for maintaining proper accounting records which dSchO5e within reasonable accuracy al any lime the financial position of the charity and enables them to ensure that the financial statements comply with the Companie5 Act 2006. The Trustees are also responsible lor safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In accordance with company law. as the company's Directors. we certify that.. so far as we are aware, there is no relevant audit infomialion ol which the company's auditors are unaware, and as the Directors of the company we have taken all the steps that we oughuo have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's auditors are aware of that in formation. These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable lo company's subject lo the small companies, regime. Approved by the Trustees, and signed on their behalf on 31 January 2025 by Mr Christopher 81rt1es Trustee pg.7
Independent Examiners Report Independent Examinerfs Report to the trustees of Thames Valley Churches of ChrisL I report to the trustees on my examination of the accounts of Thames Valley Churches of Christ for 15 months lo 31. March 2024. Responsibilities and basis of report As the charity's Irustees of the Company (and ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art 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 I'lhe 2011 AGt') In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 (bl of the 2011 Act. Independent examiner's statement 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 reffjired by section 386 of the 2006 Act., or 2. the accounts do not accord with those fecords,. 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 Practi for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 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 ord$r to enable a proper understanding of the accounts to be reached. J (JLJ Johanna Tebbs (Accountant) 31st January 2025 pg.8
Thames Valley Churches of Christ Statement of Financial Activities For the year ended 31 March 2024 2024 2024 2024 2024 2022 Restricted HOPE Worldde Projects Funds A8strScted Benevolenc e lunds Unrestricted Funds Total Funds Total Funds Notes Income from- Donations 240,499 32,155 272,654 245,675 Tolal Inc¢)me 240,499 32,155 272,654 245,675 Expenditure on.. Charitable activitles Preaching. leaching. evangelism & counselling Kingdorn kids & youth Eninislry BenevonCe & Missions 243.736 243.736 1B2,493 10.750 10,750 14,936 62.134 43.291 19,729 63,019 T¢)tal expendoture 254.846 43,291 19,729 317,505 259,563 Net income I (Expenditurel 113.9871 111,1361 119.7291 144,8511 113.8881 B8lance5 brought fomRrd at 1 January 2023 17.988 14.965 35.356 68,307 82.195 Balances carried fOard at 31 March 2024 4,002 3,829 16.627 23,458 68,307 There were no recognised gains and losses for the year other than those included in the Statement of Financial Aclivilies. All activities of the charity were derived from continuing activities. pg.9
Thames Valley Churches of Christ Balance Sheet as at 31 March 2024 Note5 2024 2023 FIXED ASSETS Tangible assets for use by the charity CURRENT ASSETS Debtor5 Cash al bank and in hand 19.948 23,388 58.777 75,268 134,045 134,046 CREDITORS- amounts falling due wlthln ono year 19.876 65.737 Net Current Assets 23.458 68,309 NET ASSETS FUNDS Reslficted HOPE Worldwide Projects Restred BenevolenGe Unrestricted 3,829 15.627 4.002 14.965 35.356 17.988 23.456 6B,309 These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime., Approved by the Trustees. and signed on their behalf on 31Sl January 2025 by Christopher Birtles Trustee pg. 10
Thames Valley Churches of Christ Notes to the Financial Statements for the year ended 31 March 2024 Accounting policies The principal accounting policies adopted by the Trustees in the preparation of the financial statements are set out below The accounting policies have been applied consistently throughout the year and in the preceding year. al Basis of Accounting The financial ststements are prepared in accordance with Accounting and Reporting by Chaiities." Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. the Financi81 Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. They are drawn up on the historical accounting basis. The charity meets the definition of a public benefit enlily under FRS 102. The financial statements have been prepared on a going concem basis. bl Income All income is recognised in the Statement of Financial Activities when the corfjilions for receipt have been mel and there Is reasonable assurance of receipt and the amount can be quantified with reasonable accuracy. Where a claim for repayment of income lax has or will be made. such income is grossed up for the lax recoverable. The following specific policies are applied to categories of income". Donations Voluntary income is received by way of donations and is inclLJded in full in the Slalement of Financial Activities when receivable. Donations lo which the eharily is entitled bul which have not been received by the year end are included in income in the Statement of Financial Activities and shown as debtors in the balance sheet. Tax reclaimed on monies donated under the Gift Aid scheme Income under this category is recognised In the financial slalemenls on the dale that the underlying donation Is received by the charity, where the tax reclaim is made within three months of the end of the financial year. HOPE worldwide UK Collections are often taken up on the Sunday services of the charity on behalf of HOPE wortdwide UK lo support the work of HOPE worldwide UK and other HOPE worldwide affiliates around the world. These amounts are not included in the accounts of this charity. pg. 11.
Thames Valley Churches of Christ Notes to the Financial Statements for the year ended 31 March 2024 {continuedl ¢1 Expenditure Expenditure is recognised on an accrual basis when a liability is incurred. Expenditure include any VAT which cannot be fully recovered and is reported as part of the expenditure lo which il relates. Expenditure on charltable activities comprise those Costs incurred by the charity in the delivery of its activities and services for ils beneficiaries It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. All costs are allocated between expenditure categories of the Slalemenl of Financial Activities on a basis consistent with the use of resourTrs Costs relating lo a activity are allocated difeclly, others are apportioned on an appropriate basis dl Volunteers The value of services provided by volunteers is not incorporated into these financial stalemenls. Further details of the contribution made by volunteers can be found in the Trustees, report. el Fund accounting The charity maintains various types of funds as follows.. Unrestricted fund This represents unrestricted Income which is expendable at the discretion of the Trustees in furtherance of the objectives of the charity. Such funds may be held lo finance both working apilal and capital investment. The charity at present has no designated funds. Restrlcted fund- HOPE Worldwide Projects This represents donations which are given by the donors for work with Hope Nepal and India Projects and are restricted lo this use. Restricted fund- 8enevol¢nce This represents donations which are given by Ima donors for benevolence work within the church and local communities and are reslricled lo this use. gl Tangiblg Fixed Assets The charity acquired no large assets during the year. Fixed assets that cost less than £1,000 are written off In the year in the statement of financial aclivilies. h) Pension costs The charity operates a defined contribution scheme through a registered company of investment specialists. Contributions are made on behalf of all qualifying.employees who have elected lo join the scheme All required contributions during the period were accrued in accordance with the scheme's rules and charged lo the Statement of Financial Activities for the year. pg. i)
Thames Valley Churches of Christ Notes to the Financial Statements for the year ended 31 March 2024 (continued) [} VAT The charity is exempl from VAT under HMRC registration threshold. jl Charitable commitments Charitable commitments which are legally binding on the Trustees are accounted for as expendiluie in the Slalement of financial Aclivilies. Where the promise of financial support is not binding on the Trustees, such intentions are accounted for by a transfer lo a designated reserve. Activities that are lo be wholly financed from future income do not form part of such designation and are disclosed in a note lo the account5. Donations Donations represent reslricled and unrestricted income donated by members of the church and visitors al midweek and Sunday meetings of the charity in ils various locations and by standing order Donations Unrestricted Restricted Total 2022 184,912 60,763 245,675 2024 240.499 32.155 272,654 3 Expenditure on charitable activities suppo Dirert 2024 Z022 Costs Costs Costs Total Totsi Direct charitable expenditLrre: Preaching. leaching. evangelism & counselling 152.349 91,387 243.736 182,493 Kingdom kid5 & youth min151ry Benevolen* & Missions 10,750 10,75D 14.936 63,019 63,019 62.134 152,349 102,137 63,019 317,505 251,652 pg. 13
Thames Valley Churches of Christ Notes to the Financial Statements for the year ended 31 March 2024 (continued) Support costs cornprise the following: Preaching, teaching, evangelism & counselling Kingdom kids & youth ministry Benevolence and missions Total Hall hire Insurance & finance ¢harge5 IT & Office costs 13 358 13.358 4,451 4,451 8,031 8,031 Teaching Ministry Administration costs 5,862 5.662 15.864 15.864 Church supplies Freelance traOr 5.416 5.416 33.143 33.143 Kids king(SomNouth minEtry Supplies Pastoral care 10,75D 10,750 5,362 5,362 91,388 10.750 102.137 4 Employees & trustees 2024 2022 Totsl Total Stsff costs c¢)mprise'. Gr055 wages and salaries Employerf5 Natlonal insurance 1Cé,871 66.766 5,773 3,075 Pension contrlbuuons 5.625 4,499 118,269 74,340 No members of staff earned more than £60,000 during the year to 31 March 2024 or in the previous year. pg. 14
Thames Valley Churches of Christ Notes to the Financial Statements for the year ended 31 March 2024 Icontinuedl Trustees No Trustee or person related lo or connected by business to them has received any remuneration from the charity during the year for carrying out their duties as Trustees. 5 Debtors 2024 2022 Gift Aid Rt¢over3b 2,161 41,153 Other debiors 17.785 17,624 19,946 58.777 6 Creditors: Amounts falling due within one year 2024 2022 Olhertayes and seoal security costs Accruals 6.254 8,237 13,622 57.500 19,876 26,984 Restricted funds 2024 Restrictèd HOPE Worldwid Proiects 2024 n*volence nd5 zozz Totsi 8rought forwafd a8 at 1 January 2023 Incomt 14,965 35.356 51.692 32,155 fA).763 Exp8ndltur¢ 143.2911 119,7291 3.829 15,627 51,692 The HOPE Worldwide Projects restricted fund represents funds donated by members of the congregation to support the charity's HOPE Worldwide projects in India Village of HOPE, Croatia & Lebanon. The Benevolence Fund represent donations which are given by the donors for benevolence work wf(hin the church and local communities and are restricted lo this use. pg. 15
Thames Valley Churches of Christ Notes to the Financial Statements for the year ended 31 March 2024 (continued) Taxation The charity's activities are exempt from tsxalion under Section 505 of the Income 8nd Corporation Taxes Act 1998. pg. Ib