Company Registration Number 05163144
Charity Registration Number 1104981
CHRISTCHURCH CLAYPATH DURHAM (A Company Limited by Guarantee)
REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Pages | |
|---|---|
| Trustees’ Annual Report (including Directors’ Report) | 1 to 5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities/Summary Income and Expenditure Account | 7 |
| Balance Sheet | 8 |
| Statement of Cash Flows | 9 |
| Notes to the Financial Statements | 10 to 18 |
Page 1
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees are pleased to present their report, together with the unaudited financial statements of the charitable company (the charity) for the year ended 30 September 2024. The trustees have adopted the provisions of The Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in October 2019.
Trustees of the Charity
The directors of the charitable company are its trustees for the purposes of charity law. Details of the trustees who have served during the year and since the year end can be found on page 5.
OBJECTS AND ACTIVITIES
Christchurch Durham is an evangelical church, based in the centre of Durham, which serves a breadth of age groups and nationalities including senior citizens, families, young adults and students. The principal objective of the church is the advancement of the Christian faith. As such, we undertake a variety of weekly and monthly activities with a Christian focus, including:
Two Sunday services during the morning and evening Children’s Church and crèche during the Sunday morning meeting Courses exploring the Christian faith for the student ministry Sticky Fingers is a baby and toddler group that meets Friday mornings Friday evening Youth group for 11-18 year olds Mid-week groups across Durham, providing Bible study and pastoral support All-congregation monthly prayer meetings and weekly student prayer meetings A Ministry Training Scheme for people considering full-time Christian work Christian ministry training for students Breakfast meetings to build men’s and women’s fellowship
ACHIEVEMENTS AND PERFORMANCE
The charity carries out a range of activities in pursuance of its charitable aims. The trustees consider that these activities, as summarised below, provide benefit to both the church and the wider communities served by the church.
Families
The family congregation currently includes around 105 adults, plus around 45 children who attend Children’s Church including around eight who attend crèche. In addition, guests and visitors attend throughout the year. A dedicated family minister ensures support and pastoral care for this ministry.
Throughout the year, we have run church lunches, approximately once per term, and a Christmas dinner, to build relationships within the church. Church lunches have also provided the opportunity to hear from Mission Partners.
Children and Youth
Children’s activities are held throughout the year, including Children’s Church for children aged 0-14 years, which runs during school term time alongside the Sunday morning service. The five age groups have a mixture of games, bible teaching, discussion and activities tailored to the intellectual and spiritual development of each group.
The Youth Group for 11-18 year olds meets on Friday evenings, with attendance of around 10 young people. The group meets for bible teaching and discussion followed by games and social time.
Page 2
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACHIEVEMENTS AND PERFORMANCE (Continued)
For the last two years, Christchurch has offered Holiday Club, which brings together children aged 4-11 years for bible teaching, games and fellowship. The day-long event is held on a Friday during half term in February. Twenty children attended Holiday Club in February 2025.
A new ministry, Sticky Fingers, is a baby and toddler group that meets in the church for two hours on Friday mornings. Since it began in September 2024, the church has connected with a total of 62 families, with an average of 15 to 18 families in attendance each week.
These groups are overseen by a trustee with specific responsibility for Children’s and Youth ministry, who is supported in the running of each group by a mature member of the family congregation.
Students
Between 160 to 180 Durham University students continue to attend our Sunday services each week. The mid-week Bible study course for students continues in the same location with around 200 students signed up to groups. In addition to this, we held a second part of this Bible study evening with formal instruction in Christian teaching. Regular welcome suppers provide opportunities for new students to join in and specific events for those graduating help to prepare them for life after university. Once a year we organise a residential conference for students attended by 141 people as well as various events to help equip young leaders in Christian ministry.
The number of international students attending our church this past year has been around 20 in an average week. We run a regular meeting for international students, Corners. Leaders also organise regular trips, walks and meals in their homes.
Hosting
The ‘ Adopt a Student ’ initiative continues to be appreciated by students and families. Approximately 100 students are linked with a particular family or individual within the congregation and enjoy meals together throughout the year. We are continuing the ‘friend of a table scheme’ which invites members of the local church family to join a student Bible study to provide support and encouragement to students, week by week.
Women
The church runs two Women’s Bible studies led by members of the congregation providing pastoral support to those who come.
Throughout the year, additional events have been organised. In November, a women’s breakfast was run with around 55 women in attendance, and in February another group went to the Northern Women’s Convention, a day conference in Darlington.
Men
A few groups of men meet with each other to pray and the Assistant Minister has met with a handful of men throughout the year. A men’s breakfast ran in November, with around 40 men in attendance. A monthly group for men started meeting in September 2024 with around five people meeting each month. The format is being reviewed to see if something else works for more people.
Career Opportunities
Five people took part in our Ministry Training Programme this year, with three ministry trainees starting and two carrying on for a second year. This training programme is for those graduates considering full-time Christian work. The training programme includes participation in the Ministry Training Course run by the North East Gospel Partnership, participating (and in some cases leading) various ministries the church runs and serving in practical ways in the church.
Page 3
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACHIEVEMENTS AND PERFORMANCE (Continued)
Training
As well as sending our Associates to the NEGP Ministry Training Course, we also provided some in-house training sessions with them, including talk practice, Q&A sessions, and book discussions.
Our staff and volunteers have again attended various training programmes in the areas of Fire Safety, First Aid and Food Hygiene to ensure that our professionalism in these areas is current.
To promote, co-ordinate and manage these activities, the church has significant support and administrative costs.
The trustees regularly review the objects and activities of the charity and, as part of this review, they have considered the Charity Commission’s general guidance on public benefit, and particularly its supplementary guidance on the advancement of religion for the public benefit.
Mission Partners
In the last 12 months, the church has reviewed it’s Mission Partners with the aim of strengthening partnerships and to raise the profile of the Mission Partners. A new category of Mission Partner was created, called Training Partner, to support people training for Ministry at Theological College. The results of the Mission Partner review have included more regular invites of Mission Partners to our prayer meetings on Zoom and to church lunches on Sundays.
External Review into Leadership and Governance
The trustees continue to work through multiple delays to the External Independent Review that was initiated in May 2023. The delays have involved the trustees receiving legal counsel since November 2024. The review remains ongoing. The church continues to be in an interregnum, with an interim senior minister leading the church through this period of the independent review and the subsequent legal challenges.
Governance Updates
The trustees have taken steps toward implementing a new constitution for the church, which would change the structures of governance. The elders are consulting within the congregation to gauge preferences and gain consensus to start the process of drafting a new constitution. A draft proposal is expected to be presented to the membership for consideration later this year (2025).
FINANCIAL REVIEW
In terms of our income and expenditure, we had net incoming resources for the financial year of £2,373 (2023: net incoming resources of £36,851) in unrestricted funds. There was no restricted income or expenditure in the year under review. Restricted income was equal to restricted expenditure in the previous year. When adjusted for this year’s non-cash depreciation of £1,917 (2023: £2,558), the revenue account for the general running of the church reflected a cash surplus of £4,290 (2023: cash surplus of £39,409).
The Balance Sheet at 30 September 2024 reflects total net assets of £2,123,768 (2023: £2,121,395) all of which represents unrestricted funds.
The trustees remain confident as regards the ongoing financing of the church’s commitments over the medium and longerterm future.
Investment Policy
The charity’s surplus funds continue to be invested on current and deposit accounts with The Co-operative Bank.
Reserves Policy
Throughout the year under review, and in previous years, cash flow has remained positive despite the usual ‘peaks and troughs’ throughout the course of each year. It is the ultimate intention of the trustees to endeavour to achieve and maintain cash-backed unrestricted funds, which are the free reserves of the charity, at three months’ gross expenditure within those unrestricted funds. Reserves remained below this level at the beginning and end of the year under review but have significantly improved since the financial year end and the trustees are satisfied that the reserves policy remains appropriate and achievable.
Page 4
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024
ACHIEVEMENTS AND PERFORMANCE (Continued)
Risk Management
The trustees have always given due care and attention to the risks the church faces and administer the charity’s finances and assets in a way that identifies and manages risk.
PLANS FOR FUTURE PERIODS
Christchurch Claypath Durham will again run a Ministry Training Scheme from September 2025. Two current trainees will continue and at least three more will join in September.
We hope to appoint a Student Worker or Assistant Minister to assist the Associate Minister in the running of the Student Ministry and who will have specific responsibility for pastoral care of the female students.
In future periods, the church will continue to prioritise its principal objective, being the advancement of the Christian faith.
The church hopes to appoint a new Senior Minister in due course, as well as continuing with all of the core ministries over the coming year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Christchurch Claypath Durham is a company limited by guarantee, registered in England, incorporated on 25 June 2004 and registered with the Charity Commission from 20 June 2004. The company is governed by its Memorandum and Articles of Association which were updated in July 2021. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
Appointment of Trustees
New trustees are appointed on the recommendation of the existing trustees. The trustees, when complete, consist of at least four and not more than nine individuals and include the Senior Minister. During the year ended 30 September 2024, Dr DTJ Buckley stood down on 18 June 2024.
Trustees’ Induction and Training
Trustees are already familiar with the work of the church as they are drawn from within the church membership/congregation. The trustees have induction procedures to ensure new trustees understand their roles and obligations. As part of these procedures, trustees are encouraged to attend appropriate internal/external training events to facilitate the undertaking of their roles.
Organisation
The management and administration of the charity is under the control of the trustees who meet at least monthly. Day to day operational matters are delegated to the two Assistant Ministers of the church and the Administrator, as well as a number of church volunteers.
Pay Policy for Key Management Personnel
The salaries of the key management personnel are reviewed annually. The trustees benchmark against pay levels in other similar organisations.
Related Parties
Other than as disclosed in notes 10 and 20 to the financial statements, there were no reportable related party transactions during the year under review.
Page 5
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
| Charity Name: | Christchurch Claypath Durham |
|---|---|
| Company Registration Number: | 05163144 (England and Wales) |
| Charity Registration Number: | 1104981 |
| Registered Office: | Christchurch Durham |
| Claypath | |
| Durham | |
| DH1 1RH | |
| Directors and Trustees: | Dr D Buckley (resigned 18.06.24) |
| Mr J Long | |
| Mr P Wiggins | |
| Mr D Taylor | |
| Dr C Erlebach | |
| Church Treasurer: | Mr J Cleave |
| Independent Examiner: | Mr J Lester FCA |
| Baines Jewitt Limited | |
| Spitfire House | |
| 19 Falcon Court | |
| Preston Farm Industrial Estate | |
| Stockton-on-Tees | |
| TS18 3TU | |
| Bankers: | The Co-operative Bank |
| PO Box 250 | |
| Delf House | |
| Southway | |
| Skelmersdale | |
| WN8 6WT | |
| Solicitors: | Edward Connor Solicitors |
| 41 The Point | |
| Market Harborough | |
| Leicestershire | |
| LE16 7QU |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approval
This report was approved by the directors on 25 June 2025 and signed on their behalf by:
Trustee
Mr D Taylor
Page 6
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CHRISTCHURCH CLAYPATH DURHAM
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2024 which are set out on pages 7 to 18.
Responsibilities and Basis of Report
As the charity 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 company’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 (ICAEW), 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 that in any material respect:
-
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.
Mr J Lester FCA Baines Jewitt Limited Chartered Accountants Spitfire House 19 Falcon Court Preston Farm Industrial Estate STOCKTON ON TEES TS18 3TU
Date 25 June 2025
JL/AJW
Page 7
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 (including Summary Income and Expenditure Account)
| Unrestricted Funds | Unrestricted Funds | Restricted Funds | Restricted Funds | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|---|
| Notes | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||||
| Income and Endowments | |||||||
| from: | |||||||
| Donations and legacies | 2 | 299,808 | 297,938 | - | 4,000 | 299,808 | 301,938 |
| Other activities | 3 | 17,916 | 21,700 | - | - | 17,916 | 21,700 |
| Other income | 4 | 32,482 | 30,384 | - | - | 32,482 | 30,384 |
| Investment income | 5 | 1 | 21 | - | - | 1 | 21 |
| _____ | _____ | ____ | ____ | _____ | _____ | ||
| TOTAL INCOME | 350,207 | 350,043 | - | 4,000 | 350,207 | 354,043 | |
| ========== | ========== | ========= | ========= | ========== | ========== | ||
| RESOURCES EXPENDED | |||||||
| Expenditure on: | |||||||
| Charitable Activities | 6 | 347,834 | 313,192 | - | 4,000 | 347,834 | 317,192 |
| ______ | _____ | ____ | ____ | _____ | _____ | ||
| TOTAL EXPENDITURE | 347,834 | 313,192 | - | 4,000 | 347,834 | 317,192 | |
| =========== | ========== | ========= | ========= | ========== | ========== | ||
| Net Incoming Resources | |||||||
| for Year | 2,373 | 36,851 | - | - | 2,373 | 36,851 | |
| Reconciliation of funds: | |||||||
| Total funds brought forward | 2,121,395 | 2,084,544 | - | - | 2,121,395 | 2,084,544 | |
| __ | __ | _ | ______ | __ | __ | ||
| Total Funds Carried | |||||||
| Forward | 17&18 | 2,123,768 | 2,121,395 | - | - | 2,123,768 | 2,121,395 |
| ============ | ============ | ========== | ========= | ============ | ============ |
The Statement of Financial Activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
The notes on pages 10 to 18 form part of these financial statements
Page 8
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
BALANCE SHEET AS AT 30 SEPTEMBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 12 | 2,145,736 | 2,147,653 | ||
| CURRENT ASSETS | |||||
| Debtors | 13 | 9,447 | 16,052 | ||
| Stock | 2,000 | 2,000 | |||
| Cash at bank and in hand | 20,685 | 31,139 | |||
| _____ | _____ | ||||
| 32,132 | 49,191 | ||||
| CREDITORS: Amounts falling due | |||||
| within one year | 14 | (30,455) | (43,367) | ||
| _____ | _____ | ||||
| NET CURRENT ASSETS | 1,677 | 5,824 | |||
| _______ | __ | ||||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 2,147,413 | 2,153,477 | |||
| CREDITORS: Amounts falling due | |||||
| after more than one year | 15 | (23,645) | (32,082) | ||
| ____ | ____ | ||||
| NET ASSETS | 2,123,768 | 2,121,395 | |||
| ============ | ============ | ||||
| FUNDS | 18 | ||||
| Unrestricted funds | 2,123,768 | 2,121,395 | |||
| Restricted funds | - | - | |||
| ____ | ____ | ||||
| TOTAL FUNDS | 17 & 18 | 2,123,768 | 2,121,395 | ||
| ============ | ============ |
For the year ended 30 September 2024, the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with Section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved and authorised for issue by the Board on 25 June 2025.
Signed on behalf of the Board of Directors by:
Mr D Taylor Trustee
The notes on pages 10 to 18 form part of these financial statements
Page 9
CHRISTCHURCH CLAYPATH DURHAM (A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Note | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Cash inflow from operating activities | 21 | 13,540 | 49,078 |
| ___ | ____ | ||
| Cash inflow/(outflow) from investing activities: | |||
| Payments to acquire tangible fixed assets | - | (427) | |
| Interest received | 1 | 21 | |
| ____ | ____ | ||
| Net cash inflow/(outflow) from investing activities | 1 | (406) | |
| ____ | ____ | ||
| Cash outflow from financing activities: | |||
| Repayment of mortgage | (20,810) | (14,874) | |
| Interest paid | (3,185) | (3,183) | |
| Loan repayments | - | (8,000) | |
| _____ | _____ | ||
| Net cash outflow from financing activities | (23,995) | (26,057) | |
| _____ | _____ | ||
| Net increase/(decrease) in cash and cash equivalents in year | (10,454) | 22,615 | |
| Cash and cash equivalents at the beginning of the year | 31,139 | 8,524 | |
| ____ | ___ | ||
| Total cash and cash equivalents at the end of the year | 20,685 | 31,139 | |
| ========== | ========= | ||
| Cash and cash equivalents consist of: | |||
| Cash at bank and in hand | 20,685 | 31,139 | |
| ========= | ========= |
The notes on pages 10 to 18 form part of these financial statements
Page 10
CHRISTCHURCH CLAYPATH DURHAM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES
(a) General Information and Basis of Preparation
Christchurch Claypath Durham is a private company limited by guarantee, registered in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 5 of these financial statements. The charity’s operations and principal activities are to advance the Christian faith.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. They are presented in pounds sterling, which is the functional currency of the charity, and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Incoming Resources
Income received by way of grants and donations is included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.
Income is recorded as being from church members (collections) or from supporters who are not regular attendees of the church in Durham (gifts and donations).
Where donors specify that grants and donations are for particular restricted purposes, the income is included in incoming resources as restricted funds.
Where donors specify that income must be applied in a future period, the income is deferred until those periods.
(c) Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of VAT.
Any expenditure which is for a specific purpose is shown against the restricted fund for that purpose. All other expenditure is deemed to be for the general purposes of the charity and is recorded against general unrestricted funds.
Individual costs are allocated between the various headings in the Statement of Financial Activities by reference to the underlying nature or reason for which those costs were incurred.
Page 11
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES (Continued)
(d) Tangible Fixed Assets and Depreciation
Tangible fixed assets belonging to Christchurch Claypath Durham are stated at cost less depreciation. Depreciation is provided at the following annual rates so as to write off the cost, less estimated residual value, of fixed assets over their expected useful lives:
Freehold land - nil * Freehold buildings - see below * Office furniture and equipment - 25% reducing balance
- The charity’s policy is to depreciate the freehold building element of its freehold property down to an estimated residual value over 50 years. Following impairment reviews (and related provisions) of the initial property in the year to 30 September 2013 and of the subsequently acquired adjacent property (32 Claypath, Durham) in the year to 30 September 2016, the trustees agreed a combined carrying value of £2,140,000 on first time adoption of FRS 102, comprising £140,000 for freehold land and £2million for freehold buildings.
It is the trustees’ ongoing policy to maintain the freehold properties in a good state of repair such that estimated residual value is at least equal to book value. In the opinion of the trustees, any depreciable amount in relation to the freehold buildings is therefore immaterial and hence, subject to an annual review for any evidence of impairment, no depreciation is being provided on freehold property at this time.
(e) Pension Costs
Contributions, which are payable into a group personal pension and individual personal pension schemes, are charged to the Statement of Financial Activities in the period to which they relate.
(f) Operating Leases
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged against revenue on a straight line basis over the period of the lease.
(g) Stock
Stock is valued at the lower of cost and net realisable value after taking into account slow moving items using the first-in/first-out basis.
(h) Debtors and Creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(i) Loans and Borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
(j) 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 levels of reserves for the charity to be able to continue as a going concern.
Page 12
CHRISTCHURCH CLAYPATH DURHAM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 2. | INCOME FROM DONATIONS | ||||||
|---|---|---|---|---|---|---|---|
| AND LEGACIES | Unrestricted Funds | Restricted | Funds | Total | Funds | ||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | £ | ||
| Collections and regular giving | 261,697 | 233,890 | - | - | 261,697 | 233,890 | |
| Gift aid tax recoverable | 38,111 | 36,548 | - | - | 38,111 | 36,548 | |
| Other gifts and donations | - | 27,500 | - | 4,000 | - | 31,500 | |
| ____ | ____ | __ | _ | ____ | ____ | ||
| 299,808 | 297,938 | - | 4,000 | 299,808 | 301,938 | ||
| ========= | ========= | ======= | ====== | ========= | ========= |
The charity benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with accounting standards, the economic contribution of general volunteers is not measured in the accounts.
3. INCOME FROM OTHER ACTIVITIES
| Unrestricted Funds | Unrestricted Funds | Restricted | Funds | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | £ | ||
| Student conference | 16,250 | 14,014 | - | - | 16,250 | 14,014 | |
| Other events | 1,666 | 7,686 | - | - | 1,666 | 7,686 | |
| ___ | ___ | __ | __ | ___ | ___ | ||
| 17,916 | 21,700 | - | - | 17,916 | 21,700 | ||
| ======== | ======== | ======= | ======= | ======== | ======== | ||
| 4. | OTHER INCOME | ||||||
| Unrestricted Funds | Restricted | Funds | Total | Funds | |||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | £ | ||
| Sale of books, CDs etc. | - | 2,135 | - | - | - | 2,135 | |
| Rental and service charges | 32,394 | 27,949 | - | - | 32,394 | 27,949 | |
| Miscellaneous income | 88 | 300 | - | - | 88 | 300 | |
| ___ | ___ | __ | __ | ___ | ___ | ||
| 32,482 | 30,384 | - | - | 32,482 | 30,384 | ||
| ======== | ======== | ======= | ======= | ======== | ======== | ||
| 5. | INVESTMENT INCOME | ||||||
| Unrestricted Funds | Restricted | Funds | Total | Funds | |||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | ||
| £ | £ | £ | £ | £ | £ | ||
| Interest receivable | 1 | 21 | - | - | 1 | 21 | |
| === | === | === | === | === | === | ||
| TOTAL INCOMING RESOURCES | 350,207 | 350,043 | - | 4,000 | 350,207 | 354,043 | |
| ========= | ========= | ========= | ====== | ========= | ========= |
Page 13
CHRISTCHURCH CLAYPATH DURHAM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
6. EXPENDITURE ON CHARITABLE ACTIVITIES
| Unrestricted Funds | Unrestricted Funds | Restricted Funds | Restricted Funds | Total | Funds | |
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Staff costs | 168,425 | 155,291 | - | - | 168,425 | 155,291 |
| Staff expenses | 6,111 | 9,424 | - | - | 6,111 | 9,424 |
| Donations | 20,000 | 28,510 | - | - | 20,000 | 28,510 |
| Student conference | 16,827 | 16,896 | - | - | 16,827 | 16,896 |
| Other events | 30,498 | 9,961 | - | - | 30,498 | 9,961 |
| Other venue hire | (170) | 170 | - | - | (170) | 170 |
| Training and conferences | 883 | 1,300 | - | - | 883 | 1,300 |
| Depreciation and loss on disposal | ||||||
| of fixed assets | 1,917 | 2,558 | - | - | 1,917 | 2,558 |
| Books and CDs | 189 | 289 | - | - | 189 | 289 |
| Other expenditure | 6,879 | 1,163 | - | - | 6,879 | 1,163 |
| Support costs - see below | 88,785 | 70,619 | - | - | 88,785 | 70,619 |
| Governance costs - see below | 7,490 | 17,011 | 4,000 | 7,490 | 21,011 | |
| ____ | ____ | ___ | ___ | ____ | ____ | |
| TOTAL RESOURCES EXPENDED | 347,834 | 313,192 | - | 4,000 | 347,834 | 317,192 |
| ========= | ========= | ======== | ======== | ========= | ========= | |
| Support Costs | Unrestricted Funds | Restricted Funds | Total | Funds | ||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Insurance | 7,811 | 8,311 | - | - | 7,811 | 8,311 |
| Office administration, printing, postage | ||||||
| and stationery | 9,557 | 11,777 | - | - | 9,557 | 11,777 |
| Heat, light and waste disposal | 25,946 | 10,744 | - | - | 25,946 | 10,744 |
| Telephone | 854 | 639 | - | - | 854 | 639 |
| Advertising | - | 94 | - | - | - | 94 |
| Travel | 3,546 | 35 | - | - | 3,546 | 35 |
| Repairs and maintenance | 33,267 | 25,028 | - | - | 33,267 | 25,028 |
| Legal and professional fees | 3,881 | 10,117 | - | - | 3,881 | 10,117 |
| Child protection fees | 335 | 546 | - | - | 335 | 546 |
| Mortgage interest | 3,185 | 3,183 | - | - | 3,185 | 3,183 |
| Bank charges | 403 | 145 | - | - | 403 | 145 |
| ___ | ___ | ___ | ___ | ___ | __ | |
| 88,785 | 70,619 | - | - | 88,785 | 70,619 | |
| ======== | ======== | ======== | ======== | ======== | ======= | |
| Governance Costs | Unrestricted Funds | Restricted Funds | Total | Funds | ||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Accountancy and independent | ||||||
| examination fees | 5,700 | 5,520 | - | - | 5,700 | 5,520 |
| Legal and professional fees | 1,790 | 11,491 | - | 4,000 | 1,790 | 15,491 |
| __ | __ | _ | _ | __ | __ | |
| 7,490 | 17,011 | - | 4,000 | 7,490 | 21,011 | |
| ======= | ======= | ====== | ====== | ======= | ======= |
Page 14
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
7. NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR
This is stated after charging:
| This is stated after charging: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation and adjustments on disposal of fixed assets | 1,917 | 2,558 |
| Independent Examiner’s fees: | ||
| - independent examination | 1,445 | 1,400 |
| - accounting and other services | 4,225 | 4,120 |
| ======= | ======= |
8. STAFF COSTS AND NUMBERS
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Salaries and wages | 142,211 | 132,978 |
| Social security costs | 8,558 | 6,948 |
| Pension costs (note 9) | 17,656 | 15,365 |
| _____ | _____ | |
| 168,425 | 155,291 | |
| ========== | ========== |
There were no payments to key management personnel in the year whilst the church is in an interregnum (2023: £Nil).
No employee received emoluments of more than £60,000.
The average number of staff engaged during the year was 5 (2023: 5).
The full-time equivalent number of staff engaged during the year was 4.4 (2023: 4.85).
9. PENSION COSTS
The pension costs of £17,656 (2023: £15,365) represent payments to a group defined contribution pension scheme and individual pension schemes operated in the names of certain employees of the charity.
10. TRUSTEES’ REMUNERATION
No remuneration was paid or is due to be paid to any trustee or to any person connected to them.
No trustee was reimbursed expenses during the year (2023: none).
The charity has indemnity insurance on behalf of the trustees, officers and directors. The cost of the premium included in these financial statements is £543 (2023: £724).
11. TAXATION
As a registered charity, Christchurch Claypath Durham is exempt from tax on its income under Section 505 of the Taxes Act 1988 provided that such income is applied for charitable purposes only.
Page 15
CHRISTCHURCH CLAYPATH DURHAM (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
12. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Freehold | Property: | Furniture and | ||
| Land | Buildings | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost/Valuation | ||||
| At 1 October 2023 | 140,000 | 2,392,742 | 122,985 | 2,655,727 |
| Additions at cost | - | - | - | - |
| Disposals | - | - | - | - |
| _____ | __ | _____ | __ | |
| At 30 September 2024 | 140,000 | 2,392,742 | 122,985 | 2,655,727 |
| ========== | ============ | ========== | ============ | |
| Accumulated Depreciation | ||||
| At 1 October 2023 | - | 392,742 | 115,332 | 508,074 |
| Charge for the year | - | - | 1,917 | 1,917 |
| Eliminated on disposal | - | - | - | - |
| _____ | __ | ______ | __ | |
| At 30 September 2024 | - | 392,742 | 117,249 | 509,991 |
| ========== | ============ | =========== | ============ | |
| Net Book Value | ||||
| At 30 September 2023 | 140,000 | 2,000,000 | 7,653 | 2,147,653 |
| ========== | ============ | ========== | ============ | |
| At 30 September 2024 | 140,000 | 2,000,000 | 5,736 | 2,145,736 |
| ========== | ============ | ========== | ============ |
Freehold Property
This comprises the main church property known as Christchurch Durham (which was purchased in November 2010, with major refurbishment completed in the year to 30 September 2013) and 32 Claypath, Durham (which was purchased in May 2015, with major refurbishment completed in the year to 30 September 2016).
13. DEBTORS AND PREPAYMENTS
| DEBTORS AND PREPAYMENTS | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Gift aid tax recoverable | 4,518 | 10,768 |
| Other debtors and prepayments | 4,929 | 5,284 |
| ___ | ____ | |
| 9,447 | 16,052 | |
| ======== | ========= | |
| CREDITORS: Amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Stewardship mortgage | 8,627 | 21,000 |
| Other creditors and accruals | 21,828 | 22,367 |
| ____ | ____ | |
| 30,455 | 43,367 | |
| ========= | ========= |
14. CREDITORS: Amounts falling due within one year
Page 16
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
15. CREDITORS: Amounts falling due after more than one year
| 15. | CREDITORS: Amounts falling due after more than one year | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Stewardship mortgage | 23,645 | 32,082 | |
| ========= | ========= | ||
| Included above are the following amounts falling due in more than five years: | |||
| Repayable by instalments: | |||
| Stewardship mortgage | - | - | |
| ========= | ========= | ||
| 16. | SECURED DEBTS | ||
| The following secured debts are included within creditors: | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Stewardship mortgage | 32,272 | 53,082 | |
| ========= | ========= |
The Stewardship mortgage is secured by a legal charge dated 4 March 2013 over the original freehold property at Christchurch Claypath Durham. The mortgage is repayable by monthly instalments and is due to be repaid in February 2028. At 30 September 2024, interest was payable at 7.25% on the capital balance.
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 30 September 2024: | |||
| Tangible fixed assets | 2,145,736 | - | 2,145,736 |
| Net current assets | 1,677 | - | 1,677 |
| Long-term liabilities | (23,645) | - | (23,645) |
| ____ | ___ | ____ | |
| 2,123,768 | - | 2,123,768 | |
| ============ | =========== | ============ | |
| As at 30 September 2023: | |||
| Tangible fixed assets | 2,147,653 | - | 2,147,653 |
| Net current liabilities | 5,824 | - | 5,824 |
| Long-term liabilities | (32,082) | - | (32,082) |
| ____ | ____ | ____ | |
| 2,121,395 | - | 2,121,395 | |
| ============ | ============ | ============ |
Page 17
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 18. | MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|---|
| At beginning | At end | ||||
| 2024 | of Year £ |
Income £ |
Expenditure £ |
of Year £ |
|
| Unrestricted Funds: | |||||
| General | 2,121,395 | 350,207 | 347,834 | 2,123,768 | |
| ============ | =========== | ========== | ============ | ||
| Total Funds: | 2,121,395 | 350,207 | 347,834 | 2,123,768 | |
| ============ | =========== | ========== | ============ | ||
| At beginning | At end | ||||
| 2023 | of Year £ |
Income £ |
Expenditure £ |
of Year £ |
|
| Unrestricted Funds: | |||||
| General | 2,084,544 | 350,043 | 313,192 | 2,121,395 | |
| ============ | ========== | ========== | ============ | ||
| Restricted Funds: | |||||
| Independent review | - | 4,000 | 4,000 | - | |
| ============ | ========== | ========== | ============ | ||
| Total Funds: | 2,084,544 | 354,043 | 317,192 | 2,121,395 | |
| ============ | ========== | ========== | ============ |
19. CONTROLLING PARTY
Throughout the current and previous year, the charity was under the control of the board of trustees.
20. RELATED PARTY TRANSACTIONS
Total unrestricted donations received from related parties during the year under review amounted to £24,995 (2023: £27,255).
21. RECONCILIATION OF NET MOVEMENTS IN FUNDS TO CASH FLOW FROM OPERATING ACTIVITIES
| CASH FLOW FROM OPERATING ACTIVITIES | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Net movement in funds | 2,373 | 36,851 |
| Add:Depreciation and loss on disposal of fixed assets | 1,917 | 2,558 |
| Interest payable | 3,185 | 3,183 |
| Less:Interest receivable | (1) | (21) |
| (Increase)/decrease in debtors | 6,605 | (7,884) |
| Increase/(decrease) in creditors | (539) | 14,391 |
| (Increase)/decrease in stock | - | - |
| ____ | ____ | |
| Cash Inflow from Operating Activities | 13,540 | 49,078 |
| ========= | ========= |
Page 18
CHRISTCHURCH CLAYPATH DURHAM
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
22. LEASES
Operating leases
| The future minimum lease payments under non-cancellable operating leases are as follows: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Later than one year and not later than five years | 2,333 | 3,370 |
| ======== | ======== |
23. FINANCIAL INSTRUMENTS
The carrying amounts of the charity’s financial instruments are as follows:
| Financial Assets | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Cash at bank | 20,685 | 31,139 |
| ======== | ======== | |
| Financial Liabilities | ||
| Measured at amortised cost: | ||
| - Other creditors and accruals (note 14) | 21,828 | 22,367 |
| - Stewardship mortgage (notes 14, 15 and 16) | 32,272 | 53,082 |
| ____ | ____ | |
| 54,100 | 75,449 | |
| ========= | ========= |
The income, expenses, net gains and net losses attributable to the charity’s financial instruments are summarised as follows:
| 2024 | 2023 | |
|---|---|---|
| Mortgage interest expense: | £ | £ |
| - Financial liabilities measured at amortised cost | 3,185 | 3,183 |
| ======= | ======= | |
| Interest receivable: | ||
| - Financial assets measured at amortised cost | 1 | 21 |
| ======= | ======= |
The total interest expense for financial liabilities that are not measured at fair value was £3,185 (2023: £3,183).