## Forest Hill Community Church
Report and Accounts Year ended 31st March 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **Forest Hill Community Church**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **Trustees**
Fiona Taylor Elaine Willett (resigned 28 September 2024) Rosemary Thompson (resigned 18 September 2023) Luke Aylward (resigned 25 November 2023) Ben Hobbons Patience McLean (appointed 20 May 2023) Rosemary Bigmore (appointed 16 September 2023)
**Company Secretary** Ben Hobbons **Key Staff** Joanna Sayer (Pastor) **Governing Document** December 2003 **Company Registration Number** 5022460 **Charity Registration Number** 1103398 **Registered Office** Here For Good 17 Sydenham Road Sydenham, London, SE26 **Independent Examiner** Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
Nigel Desborough (Pastor and Team Leader) Joanna Sayer (Pastor)
Memorandum and Articles of Association dated 18 December 2003
## **Bankers**
National Westminster Bank plc
|**Contents**|**Page**|
|---|---|
|Company Information|1|
|Trustees' Annual Report|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-13|
|Detailed Statement of Financial Activities with Comparatives|14|
Page 1
## **Forest Hill Community Church**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.
## **Formation & Objects of the charity**
FHCC was incorporated as a company limited by guarantee (Company no. 5022460) on 22/1/2004, and registered as a charity on 26/4/2004. It became operational on 26/11/2003.
The objects of the charity are to promote and advance the Christian faith, to relieve poverty, hardship, sickness and distress, and to promote education and training.
## **Membership**
In March 2024 we had somewhere between 150 and 200 people, including children, connected to the FHCC community.
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
## **Support for overseas work**
We continued to support overseas mission work in different locations particularly in South East Asia. We increased our engagement with work in SE Asia, sent a new worker to Hong Kong, and supported more activity in Thailand. We also enhanced our engagement in Africa, particularly Zimbabwe and Nigeria.
## **Regular Activities**
In planning the activities of FHCC the Trustees have had regard to the guidance issued by the Charity Commission on ‘public benefit.’ FHCC continues to meet for Sunday services at Sydenham High School. We are members of Transform Network (T-net), an association of independent church congregations in South East London; of iNet, an overseas mission’s organisation; and we are also members of the Pioneer Network and the Evangelical Alliance. We collaborate with numerous other Christian groups, churches and charities, and gather church leaders together for prayer. Over the past year 2 of the other T-net churches have closed, leaving ourselves, and a major project – Lewisham Foodbank.
Foodbank continues to make a very significant contribution to the needs of people in food crisis across the Borough of Lewisham. We have been able to supply food to over 20,000 people a year. In September 2023 London City Mission sold the Malham Road building which we managed for 10 years, and operated Foodbank from, and terminated our lease. The new owners allowed Foodbank to stay until November 2023, and then we moved to new premises at St. John’s Anglican Church in Catford. This new central hub and warehouse building for Lewisham Foodbank will be leased to Transform Network not FHCC.
Page 2
## **Forest Hill Community Church**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
We run Sunday morning services each week at Sydenham High School, including activities for children and youth. We have a good mix of people across a variety of ethnic backgrounds, and an age range of 0 to 98. We have Connect Groups in people’s homes, and regular groups at our Here For Good building, on Sydenham Road, including for youth, for the elderly, and for refugees and asylum seekers learning English. A new group was launched in November 2023 called “Parent-time” for parents and their toddlers. It runs on Thursday mornings, and is headed-up by Lorraine Chung and Yvonne Desborough. Our weekly coffee morning has provided a welcome for local people, and offered a creative space with craft activities, and a listening ear for people needing support. It has been a ‘warm space’ over the winter (in line with a number of ‘warm spaces’ across the Borough of Lewisham), and an opportunity for people to receive prayer and discover faith. Here For Good is a venue for training courses, the Alpha course, and for prayer, worship and administration. It also hosts iNet Overseas Mission administration, Crystal Palace Community Church administration, music practice and a Sunday School.
We continue to make use of Zoom for various smaller meetings, and particularly for regular weekly, or specifically-focussed prayer meetings.
## **Trustees**
During the financial year 2023/24 the trustees were: Fiona Taylor, Ben Hobbons, Rosemary Thompson, Elaine Willett, Patience McLean, Rosie Bigmore and Luke Aylward.
## **Staffing**
Nigel Desborough continued as Pastor and Team Leader, and Joanna Sayer as the Associate Pastor. Dragana Ivanovic remains in post as part-time administrator. In the early part of 2024 we began a recruitment process for a new Assistant Pastor, with special responsibility for the Under 30s (children, youth, and young adults). Paul Rook was appointed and began to work for us on 14th May 2024.
## **Specific additional activities in 2023-2024**
We had some ‘international lunches’ after our Sunday services, to encourage social interaction, and to celebrate the numerous ethnic backgrounds of our congregation members. We had some events for families with young children, including a ‘light’ party, a Christmas event and a pancake party. At Christmas we had a family carol service, carol singing at Sydenham station, and an evening of carol singing at the Dolphin pub on Sydenham Road. Here For Good was the venue for some events during Sydenham Arts Week.
In July 2023 we worked with other churches to particularly mobilise youth to make a positive difference to local communities through an initiative called ‘Summer ‘23’. The project this year was based in Hounslow, West London. Our youth were also involved in an inter-church youth weekend away at Carroty Wood residential centre in Kent in November. As a church we had an August 2023 Outreach weekend running community activities on a local housing estate in Sydenham.
We were pleased to have 8 baptisms during 2023, the most for a number of years. We had a Church Weekend Away at Ashburnham Place in January 2024 with a total of 121 adults and children participating in the event. These weekends prove significant and encouraging for our church. At that weekend we marked 20 years as FHCC. A significant social and fundraising event happened in March 2024 – “Ceilidh for Kylie”. A local orchestra provided the music for the dancing, and we raised money for a missions team to take to Thailand in May 2024.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Page 3
## **Forest Hill Community Church**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **Financial review**
Unrestricted income for the year was £305,211 (2023: £205,631). Unrestricted expenditure was £246,865 (2023: £267,699). Restricted income was £29,854 (2023: £24,361) and restricted expenditure was £24,397 (2023: £23,729).
Fund balances at the end of the year were: General fund: £136,624 (2023: £80,785), Designated fund: £89,60 (2023: £86,154), Restricted funds: £13,394 (2023: £8,906).
## **Reserves policy**
Free reserves, defined as the general fund bank balances adjusted for amounts due to be received and paid in the subsequent six months, are maintained where possible between £20,000 and £30,000.
## **Risk Management**
The major risks to which the Charity is exposed, as identified by the Trustees, are reviewed from time to time and, if considered appropriate, systems or procedures are established to manage those risks. All major insurable risks are subject to commercially available charities and employers’ insurance
## **Responsibilities of trustees under company law**
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).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:
Fiona Taylor Fiona Taylor (Dec 5, 2024 23:51 GMT)
_____________________________________ Fiona Taylor
Date: Dec 5, 2024
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **Forest Hill Community Church ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024 on pages 6 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.
## **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 ACA, 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.
## Sarah Crispin
Sarah Crispin (Dec 12, 2024 14:57 GMT)
Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
> Date: Dec 12, 2024
Page 5
## **Forest Hill Community Church**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments
Other income
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
5
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13|Unrestricted
Funds
£
253,233
49,128
1,548
1,302
305,211
246,865
246,865
58,346
968
59,314
166,939
226,253|Restricted
Funds
£
28,485
1,369
-
-
29,854
24,397
24,397
5,457
(968)
4,489
8,906
13,395|Total
Funds
2024
£
281,718
50,497
1,548
1,302
335,065
271,262
271,262
63,803
-
63,803
175,845
239,648|Total
Funds
2023
£
185,642
43,986
364
-|
|---|---|---|---|---|
|||||229,992|
|||||291,428|
|||||291,428|
|||||(61,436)
-|
|||||(61,436)
237,281|
|||||175,845|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on page 8-13 form part of these accounts.
Page 6
## **Forest Hill Community Church**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2024**
|Note
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
10
**CREDITORS: Amounts falling**
**due within one year**
11
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**CREDITORS: Amounts falling due**
12
**after more than one year**
**TOTAL NET ASSETS**
**FUND BALANCES**
13
Unrestricted Funds
General funds
Designated funds
Restricted Funds|Unrestricted
Funds
£
170,500
170,500
29,673
124,301
153,974
(31,523)
122,451
292,951
(66,698)
226,253
131,123
95,130
226,253
-
226,253|Restricted
Funds
£
-
-
2,453
10,942
13,395
-
13,395
13,395
-
13,395
-
-
-
13,395
13,395|Total
Funds
2024
£
170,500
170,500
32,126
135,243
167,369
(31,523)
135,846
306,346
(66,698)
239,648
131,123
95,130
226,253
13,395
239,648|Total
Funds
2023
£
176,000|
|---|---|---|---|---|
|||||176,000|
|||||31,735
65,595|
|||||97,330
(21,307)|
|||||76,023|
|||||252,023
(76,178)|
|||||175,845|
|||||80,785
86,154|
|||||166,939
8,906|
|||||175,845|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities
- (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
Fiona Taylor Fiona Taylor (Dec 5, 2024 23:51 GMT) --------------------------------------Fiona Taylor Date: Dec 5, 2024
Company number: 5022460
Charity number: 1103398
The notes on page 8-13 form part of these accounts.
Page 7
## **Forest Hill Community Church**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **1 Statutory Information**
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention .
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## e) Tangible fixed assets
Fixed assets acquired for use by the company are capitalised and depreciated over their estimated useful life. Items with a cost of under £5,000 are treated as an expense of the year in which purchased.
Freehold land Not depreciated Freehold buildings Over 50 years Equipment Between 3 and 7 years
Page 8
## **Forest Hill Community Church**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **2 Accounting Policies (cont.)**
## f) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## g) Taxation
- The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## h) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## **3 Donations and legacies**
|Donations of cash and similar
Income tax recoverable
**4**
**Income from charitable activities**
Rental & service income
Events
**5**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Staff costs
Property costs
Church activities
Other costs
Grants payable (note 5c)
**b**
**Costs incurred on support & administration**
Governance costs
Independent examiner's fee
Other
Staff costs
Loan interest & charges
Depreciation of tangible fixed assets
Other support costs
**Total expenditure**|2024
£
250,013
31,706
281,718
2024
£
31,637
18,859
50,496
2024
£
91,088
25,517
54,425
711
171,741
49,538
221,278
2,520
2,520
22,046
5,935
5,500
13,983
49,984
271,262|2023
£
159,197
26,445|
|---|---|---|
|||185,642|
|||2023
£
39,551
4,435|
|||43,986|
|||2023
£
84,889
71,657
34,576
3,631
194,753
47,801|
|||242,554|
|||2,520|
|||2,520
22,491
3,421
5,500
14,942|
|||48,874|
|||291,428|
Page 9
## **Forest Hill Community Church**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **5 Charitable expenditure (cont.)**
## **c Grants payable**
|Institutions
£
Mission support
12,575
Relief of poverty and need
278
12,853
The comparatives for the previous year are as follows:
Institutions
£
Mission support
12,771
Relief of poverty and need
1,604
14,375
The charity's principal grants to institutions comprised:
I-Net
T-Net
3P Ministries
Elim Foundation
Grants to institutions for less than £1,000 each
Gross wages and salaries
Social security
Pension costs
**Analysis of staff costs, the cost of key management personnel and trustee remuneration**|Individuals
£
32,582
4,103
36,685
Individuals
£
27,020
6,406
33,426
2024
£
9,660
-
-
2,315
878
12,853
2024
£
97,782
4,447
8,082
110,311|2024
£
45,157
4,380|
|---|---|---|
|||49,538|
|||2023
£
39,792
8,010|
|||47,802|
|||2023
£
9,885
1,080
1,206
-
2,204|
|||14,375|
|||2023
£
92,629
4,197
7,515|
|||104,341|
## **6 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
The average monthly number of employees during the year was 5 (2023: 5). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Company Information page.
Remuneration payable to key management (excluding trustees and related parties) amounted to £83,819 in the year (2023: £79,660) .
## **7 Acting as agent**
On occasion the charity receives money on behalf of other charities or individuals, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.
During the year the charity acted as agent for one individual and, in that capacity:
- a) received £20,000 (2023: £0) and paid £11,000 (2023: £0)
- b) at the year end the charity owed £9,000 (2023: £0) to an individual
Page 10
## **Forest Hill Community Church**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **8 Tangible fixed assets**
|Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Accumulated depreciation
At 1 April 2023
Charge for the year
Eliminated on disposal
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
**9**
**Debtors**
**Falling due within one year:**
Trade debtors
Tax recoverable
Other debtors
Prepayments and accrued income
**10**
**Cash at Bank and in Hand**
Bank operating accounts
Bank deposit accounts
Petty cash
**11**
**Creditors: liabilities falling due within one year**
Trade Creditors
Taxation & social security
Mortgage loan payments
Deposits held
Accruals
Conduit Funding
**12**
**Creditors: amounts falling due after more than one year**
Mortgage loan for freehold property|Freehold
Property
£
275,000
-
-
275,000
99,000
5,500
-
104,500
170,500
176,000
2024
£
420
31,706
-
-
32,126
2024
£
25,666
109,419
158
135,243
2024
£
3,257
2,224
14,172
350
2,520
9,000
31,523
2024
£
66,698
66,698|Total
2024
£
275,000
-
-|
|---|---|---|
|||275,000|
|||99,000
5,500
-|
|||104,500|
|||170,500|
|||176,000|
|||2023
£
2,020
26,445
1,070
2,200|
|||31,735|
|||2023
£
17,495
47,941
159|
|||65,595|
|||2023
£
2,623
2,146
13,668
350
2,520
-|
|||21,307|
|||2023
£
76,178|
|||76,178|
The mortgage loan is secured on the freehold of 17 Sydenham Road, London SE26 5EX, with an interest rate of 1% above Bank of England base rate.
Page 11
## **Forest Hill Community Church**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **13 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Capital
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Missionary funds
Relief funds
Other funds
Aggregate of funds|Opening
balance
2024
£
86,154
86,154
80,785
166,940
733
1,540
6,633
8,906
175,845|Incoming
resources
2024
£
-
-
305,211
305,211
23,817
5,036
1,000
29,854
335,064|Outgoing
resources
2024
£
(10,558)
(10,558)
(236,307)
(246,865)
(21,263)
(3,134)
-
(24,397)
(271,262)|Transfers
in the year
2024
£
14,033
14,033
(13,065)
968
-
-
(968)
(968)
-|Closing
balance
2024
£
89,629|
|---|---|---|---|---|---|
||||||89,629
136,624|
||||||226,253|
||||||3,287
3,442
6,666|
||||||13,395|
||||||239,648|
The transfers referred to above were made for the following reasons: a) The transfer from General Fund to the Capital Fund is the mortgage payment during the year
b) The transfer is from other funds (Youth) to contribute towards a weekend away
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|**ysis of net assets by fund**
assets and liabilities of the various funds were as follows:||||
|---|---|---|---|
|Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year|General
Designated
funds
funds
£
£
(5,500)
176,000
29,673
-
124,301
-
(17,351)
(14,172)
-
(66,698)
131,123
95,130
Unrestricted Funds|Restricted
funds
£
-
2,453
10,942
-
-
13,395|2024
£
170,500
32,126
135,243
(31,523)
(66,698)|
||||239,648|
Page 12
## **Forest Hill Community Church**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **13 Funds (cont.)**
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Capital
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Missionary funds
PA/worship activities fund
Relief funds
Other funds
Aggregate of funds|Opening
balance
2023
£
81,895
81,895
147,412
229,306
2,097
2,572
1,502
1,804
7,975
237,281|Incoming
resources
2023
£
-
-
205,631
205,631
11,277
-
6,701
6,383
24,361
229,992|Outgoing
resources
2023
£
(8,373)
(8,373)
(259,326)
(267,699)
(13,125)
(2,619)
(6,863)
(1,122)
(23,729)
(291,428)|Transfers
in the year
2023
£
12,632
12,632
(12,931)
(299)
484
47
200
(432)
299
0|Closing
balance
2023
£
86,154|
|---|---|---|---|---|---|
||||||86,154
80,785|
||||||166,939|
||||||733
-
1,540
6,633|
||||||8,906|
||||||175,845|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year||General
Designated
funds
funds
£
£
-
176,000
30,861
-
57,563
-
(7,639)
(13,668)
-
(76,178)
80,785
86,154
Unrestricted Funds|Restricted
funds
£
-
874
8,032
-
-
8,906|2023
£
176,000
31,735
65,595
(21,307)
(76,178)|
|---|---|---|---|---|
|||General
funds
£
-
30,861
57,563
(7,639)
-
80,785|||
|||||175,845|
## _Designated Funds_
The Capital Fund is an unrestricted fund designated by the Trustees to separate the investment on property
## _Restricted Funds_
Missionary Funds are used to support mission partners & related work around the world. The PA/worship activities fund is for the purchase of PA & other worship related equipment. Relief Funds support the work of social need in the UK and developing countries. Other Funds relate to other gifts for specific causes.
## **14 Transactions with related parties**
During the year the charity:
- a) received donations totalling £31,913 (2023: £20,092) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
- b) No expenses (2023: £nil) were paid to, or for, the trustees
## **15 Members**
Each member of the company commits to contribute if the charity is wound up an amount of £1.
Page 13
## **Forest Hill Community Church**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments
Other income
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
5
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13||General
Designated
2024
2024
£
£
253,233
-
49,128
-
1,548
-
1,302
-
305,211
-
236,307
10,558
236,307
10,558
68,904
(10,558)
(13,065)
14,033
55,839
3,475
55,839
3,475
80,785
86,154
136,624
89,629
Unrestricted funds|Restricted
2024
£
28,485
1,369
-
-
29,854
24,397
24,397
5,457
(968)
4,489
4,489
8,906
13,395|Total
2024
£
281,718
50,497
1,548
1,302
335,065
271,262
271,262
63,803
-
63,803
63,803
175,845
239,648|||General
Designated
2023
2023
£
£
161,281
-
43,986
-
364
-
-
-
205,631
-
259,326
8,373
259,326
8,373
(53,695)
(8,373)
(12,931)
12,632
(66,626)
4,259
(66,626)
4,259
147,412
81,895
80,785
86,154
Unrestricted funds|Restricted
2023
£
24,361
-
-
-
24,361
23,729
23,729
632
299
931
931
7,975
8,906|Total
2023
£
185,642
43,986
364
-
229,992
291,428
291,428
(61,436)
-
(61,436)
(61,436)
237,281
175,845|
|---|---|---|---|---|---|---|---|---|---|
Page 14