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2022-03-31-accounts

HIGHWAY CHRISTIAN CHURCH

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

COMPANY REGISTRATION No: 05441520 CHARITY REGISTRATION No: 1109804

Independent Examiners Ltd

2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

HIGHWAY CHRISTIAN CHURCH

CONTENTS

Page 3 Legal & Administrative Information.
Pages 4 to 5 Report of the Directors.
Page 6 Independent Examiner's Report on the Accounts.
Page 7 Statement of Financial Activities.
Page 8 Balance Sheet.
Pages 9 to 13 Notes to the Financial Statements.

2

HIGHWAY CHRISTIAN CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1109804 COMPANY REGISTRATION NUMBER 5441520 DATE OF INCORPORATION 2nd June 2005 START OF FINANCIAL YEAR 1st April 2021 END OF FINANCIAL YEAR 31st March 2022 DIRECTORS D Reeve P Bridgman - Director G Coxford - appointed 1.9.21 J Hobbs -appointed 26.10.21 PA Hemmings - resigned 1.9.21 GOVERNING DOCUMENT Highway Christian Church is a charitable company controlled by its governing document, the Articles of Association, and constitutes a limited company, limited by guarantee, as defined in the Companies Act 2006. OBJECTS (A) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF FAITH APPEARING IN THE SCHEDULE HERETO IN MARCH GIBBON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT AND OTHER SUCH PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES; (B) THE RELIEF OF PERSONS WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS IN MARSH GIBBON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT; (C) TO ADVANCE CHRISTIAN EDUCATION IN MARSH GIBBON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT; (D) TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECTS OF IMPROVING THEIR CONDITIONS OF LIFE.

REGISTERED ADDRESS Chandos House School Lane Buckingham Buckinghamshire MK18 1HD

BANKERS National Westminster Bank PLC 1 Manor field Road Bicester Oxfordshire OX6 7DA

INDEPENDENT EXAMINER

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex

3

HIGHWAY CHRISTIAN CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST MARCH 2022

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The Trustees have adopted the provisions of 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Highway Christian Church is a charitable company controlled by its governing document, the Articles of Association, and constitutes a limited company, limited by guarantee, as defined in the Companies Act 2006.

Charity constitution

Highway has a Board of Directors and a Leadership Team, who together, oversee the activities of the organisation. The Board have oversight of operational and strategic risks to which the charity is exposed and ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Leadership Team are responsible for setting the vision for the church and oversee the day-to-day operational decisions. We employ 4 members of staff 2 of whom are responsible for the administration of the organisation and management of operational risk and good practice in relation to health and safety, data protection, safeguarding and financial accounting. 2 of the staff serve in church leadership roles. All staff are accountable to the directors and to the leadership and advise and update them as to operational risk and current and proposed practices. Staff and volunteers have access to professional advice and training if required. We also rely on volunteers to help us continue our work.

Highway is a community of people from all backgrounds who are living out and responding to God’s love in this world. We are on a journey that started more than 25 years ago when a group of people in and around the village of Marsh Gibbon obeyed God’s call to be a Highway for God, a place where God would be invited, welcomed, and obeyed and ultimately for God’s great love to change society for the better.

Review of activities during the year ended 31 March 2022

During the year Highway House Churches held regular Sunday meetings in homes, as well as monthly whole church gatherings in Marsh Gibbon Village Hall. We continue to provide a weekly youth group and termly social events for children and teenagers.

This year giving has decreased, but so also have our costs. We have sufficient reserves to cover running costs and we are in the process of reviewing our giving to other ministries to ensure our commitments are sustainable.

Highway continues to be involved in its local communities, supporting individuals who are in need and supporting Marsh Gibbon pensioners through the monthly lunch club. We have also been supporting Christian ministries and mission overseas.

4

HIGHWAY CHRISTIAN CHURCH

REPORT OF THE DIRECTORS (continued)

FOR THE YEAR ENDED 31ST MARCH 2022

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The Charities Act and the Companies Act require the Board of Directors to prepare financial statements for each

financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

i. select suitable accounting policies and then apply them consistently;

ii. make judgements and estimates that are reasonable and prudent;

iii. prepare financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business;

iv. state whether applicable accounting standards and statements of recommended practice have been followed,

subject to any material departures disclosed and explained in the financial statements.

The directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are also responsible for the contents of the Report of the Directors, and the responsibility of the independent examiner in relation to the Report of the Directors is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.

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

I approve the attached statement of financial activities and balance sheet for the period ended 31st March 2022, and confirm that I have made available all information necessary for its preparation.

Approved by order of the Board of Directors on 18 August 2022

Signed on their behalf by Director :

Print Name:

5

HIGHWAY CHRISTIAN CHURCH

(A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity’s trustees of the Company (who are also the directors of the company 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 for this year 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

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

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.

K.Gomes MAAT Independent Examiners Ltd

2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

Signed :

Date: 24 August 2022

6

HIGHWAY CHRISTIAN CHURCH

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST MARCH 2022

(Incorporating Income & Expenditure Account)

Note
INCOME
Income from:
Donations and Legacies
3a
Other Income
3b
TOTAL INCOME
EXPENDITURE
Expenditure on:
Charitable Activities
4a
TOTAL EXPENDITURE
NET INCOME/ EXPENDITURE
Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
35,294
2,556
37,850
55,086
2,015
-
2,015
3
37,310
2,556
39,866
55,089
50,213
2,519
52,732
49,755
50,213
2,519
52,732
49,755
(12,904)
37
(12,867)
5,334
31,765
-
31,765
26,431
18,861
37
18,898
31,765

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 9 to 13 form part of these financial statements.

7

HIGHWAY CHRISTIAN CHURCH

(A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET

AS AT 31ST MARCH 2011

Note
Fixed Assets
Tangible Assets
2
Current Assets
Debtors & Prepayments
8
Cash at Bank and in Hand
7
Total Current Assets
9
NET CURRENT ASSETS
10
NET ASSETS
Funds of the Charity
General Funds
Restricted Funds
5
Total Funds
Creditors: amounts falling due in
more than one year
TOTAL ASSETSless current
liabilities
Creditors:amounts falling due
within one year		 Unrestricted
Restricted
31-Mar-22
31-Mar-21
Funds
Funds
Total
Total
£
£
£
£
462
-
462
2,489
462
-
462
2,489
-
-
-
2,397
19,624
37
19,661
28,638
19,624
37
19,661
31,035
(1,225)
-
(1,225)
(1,759)
18,399
37
18,435
29,276
18,861
37
18,898
31,765
-
-
-
-
18,861
37
18,898
31,765
18,861
-
18,861
31,765
-
37
37
-
18,861
37
18,898
31,765

Directors' Responsibilities:

The directors are satisfied that for the year ended on 31st March 2022 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 15.

The director(s) acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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 accounts, so far as applicable to the company.

Approved by the Directors on …..........................................

Signed on their behalf by Director ....................................................... Print Name:

8

HIGHWAY CHRISTIAN CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared on a historical cost basis of accounting in accordance with Charities Act 2011, Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015), applicable accounting standards and Companies Act 2006. The accounts are prepared on an ongoing concern basis. The church meets the public benefit entity definition (FRS102). Restatement was not required in making the transition to FRS102. The date of transition was 1st January 2015.

Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

Changes in Accounting Policies and Previous Accounts

There has been no change to the accounting policies since last year and no changes in the previous accounts.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when received.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

9

HIGHWAY CHRISTIAN CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST MARCH 2022

1. ACCOUNTING POLICIES (Continued)

Incoming Resources (continued)

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Report of the Directors.

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Governance Costs include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to directors on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Assets

Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings
-
Motor Vehicles
-
Computer Equipment
-
2. TANGIBLE FIXED ASSETS
Cost
01-Apr-21
Additions
Disposals
Cost at
31-Mar-22
Depreciation
01-Apr-21
Disposals
Charge
Depreciation at
31-Mar-22
Net Book Value
31-Mar-22
Net Book Value
31-Mar-21		 15% on reducing balance
25% on cost
25% on cost
Fixtures &
Motor
Computer
Total
fittings
Vehicles
equipment
£
£
£
£
10,626
12,361
19,255
42,242
-
-
-
-
(1,700)
-
-
(1,700)
8,926
12,361
19,255
40,542
8,137
12,361
19,255
39,753
-
-
-
327
-
-
327
8,464
12,361
19,255
40,080
462
-
-
462
2,489
-
-
2,489

There are no commitments under non-cancelling operating leases and capital commitments (2021: None)

10

HIGHWAY CHRISTIAN CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

3. INCOME

a) Donations and Legacies
Gifts & Donations
Gift Aid
b) Other Income
Sale of Goods
Interest
4. EXPENSES
Charitable Activities -
Church Events
Gifts to Ministries
General Gifts
Travel & Subsistence
Youth & Children's expenses
Conferences & Seminars
Admin/Support Costs -
Advertising
Bank Charges
Bookkeeping
Church Licences
Church resourses,costs
Computer & Website
Depreciation
Fixtures & Fittings
Insurance
Leadership Expenses
Pension
Postage & Stationery
Rent & Electricity
Repairs & Maintenance
Salaries
Staff Costs
Subscriptions
Telephone & Internet
Trailer & van expenses
Governance Costs -
Accountancy Fees
Legal Fees
Other		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
30,395
2,556
32,951
45,841
4,899
-
4,899
9,245
35,294
2,556
37,850
55,086
2,014
2,014
-
1
-
1
3
2,015
-
2,015
3
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
125
-
125
10
9,316
2,519
11,835
1,953
887
-
887
9,735
-
-
-
2,117
619
-
619
638
-
-
-
534
22
-
22
22
252
-
252
260
355
-
355
-
-
-
-
453
1,215
-
1,215
-
332
-
332
833
327
-
327
-
-
-
-
439
852
-
852
1,802
790
-
790
-
246
-
246
182
175
-
175
148
2,835
-
2,835
1,030
150
-
150
420
26,108
-
26,108
23,559
437
-
437
-
276
-
276
-
451
-
451
576
1,443
-
1,443
1,244
-
2,705
-
2,705
3,635
13
-
13
154
284
-
284
11
50,213
2,519
52,732
49,755

11

HIGHWAY CHRISTIAN CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST MARCH 2022

5. RESTRICTED FUNDS

Hardship Giving Balance
Balance
01-Apr-21
Income
Expenditure
Transfers
31-Mar-22
£
£
£
£
£
-
2,556
2,519
-
37
-
2,556
2,519
-
37

The restricted funds are wholly represented by the Charity's cash reserves.

7. CASH AT BANK AND IN HAND

7. CASH AT BANK AND IN HAND
Unrestricted Restricted Total Total
Fund Fund 31-Mar-22 31-Mar-21
£ £ £ £
Current Account 19,624 37 19,661 28,638
19,624 37 19,661 28,638
8. DEBTORS AND PREPAYMENTS
Unrestricted Designated Restricted Total Total
Fund Fund Fund 31-Mar-22 31-Mar-21
£ £ £ £ £
Accrued Income: Gift Aid Tax - - - - 2,397
- - - - 2,397
9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Designated Restricted Total Total
Fund Fund Fund 31-Mar-22 31-Mar-21
£ £ £ £ £
Accruals and Prepaid Income 1,000 - - 1,000 1,740
Payroll Liabilities 225 - - 225 19
1,225 - - 1,225 1,759

10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

There were no Creditors or Accruals falling due in more than one year during this financial year (2021: None).

12

HIGHWAY CHRISTIAN CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022

11. STAFF COSTS AND NUMBERS

Gross Wages and Salaries
Employer's National Insurance Costs
Pension
Total
Employees who were engaged in each of the following
activities:
The average monthly number of employees		 31-Mar-22
£
26,108
-
351
26,459
31-Mar-22
TOTAL
4
4		 31-Mar-21
£
21,425
1,980
271
23,675
31-Mar-21
TOTAL
4
4

No employees (2021: None) received emoluments in excess of £60,000. Staff are paid through the PAYE system.

12. DIRECTORS AND OTHER RELATED PARTIES

No payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

13. RISK ASSESSMENT

The directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

14. RESERVES POLICY

The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.

15. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

13