HIGHWAY CHRISTIAN CHURCH
ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023
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. |
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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 2022 END OF FINANCIAL YEAR 31st March 2023 DIRECTORS Peter Bridgman - Director Jon Hobbs Chris Jones - Appointed on 14th November 2022 Grant Croxford - Resigned on 17th January 2023 Daniel Reeve - Resigned on 20th October 2022 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 MARSH 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 61 Bridge Street Kington England HR5 3DJ 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
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HIGHWAY CHRISTIAN CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
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 2023. 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 2023
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.
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HIGHWAY CHRISTIAN CHURCH REPORT OF THE DIRECTORS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
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 2023, and confirm that I have made available all information necessary for its preparation.
17 October 2023 Approved by order of the Board of Directors on …................................................
Signed on their behalf by Director : ….....................................................
Print Name: Jon Hobbs
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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 2023.
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:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
-
the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
Zita Derbak MAAT AATQB Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Signed : West Sussex PO18 8NF
Date: 01.12.2023
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HIGHWAY CHRISTIAN CHURCH (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| 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 Adjustments of funds 5 TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023 2022 £ £ £ £ 28,836 405 29,241 37,850 313 - 313 2,015 29,149 405 29,554 39,866 39,529 2,308 41,837 52,732 39,529 2,308 41,837 52,732 (10,380) (1,903) (12,283) (12,867) 18,861 37 18,898 31,765 (2,469) 2,469 6,011 603 6,614 18,897 |
|---|---|
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.
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HIGHWAY CHRISTIAN CHURCH (A COMPANY LIMITED BY GUARANTEE) Company Number: 5441520 BALANCE SHEET
AS AT 31ST MARCH 2023
| 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 within one year TOTAL ASSETSless current liabilities Creditors: amounts falling due in more than one year |
Unrestricted Restricted 31-Mar-23 31-Mar-22 Funds Funds Total Total £ £ £ £ 393 - 393 462 393 - 393 462 14 - 14 - 6,603 603 7,206 19,661 6,617 603 7,220 19,661 (1,000) - (1,000) (1,225) 5,618 603 6,220 18,435 6,011 603 6,614 18,897 - - - - 6,011 603 6,614 18,897 6,011 - 6,011 18,861 - 603 603 37 6,011 603 6,614 18,897 |
|---|---|
Directors' Responsibilities:
For the financial year ended 31st March 2023, the company was entitled to exemption under 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year ended 31st March 2023 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
17 October 2023 Approved by the Directors on ….............................................................................
Signed on their behalf by Director ............................................................
Print Name: …...............................................Jon Hobbs
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HIGHWAY CHRISTIAN CHURCH (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
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:
-
the charity becomes entitled to the resources;
-
the Directors are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
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.
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HIGHWAY CHRISTIAN CHURCH
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
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-22 Additions Disposals Cost at 31-Mar-23 Depreciation 01-Apr-22 Disposals Charge Depreciation at 31-Mar-23 Net Book Value 31-Mar-23 Net Book Value 31-Mar-22 |
15% on reducing balance 25% on cost 25% on cost Fixtures & Motor Computer Total fittings Vehicles equipment £ £ £ £ 8,926 12,361 19,255 40,542 - - - - - - - - 8,926 12,361 19,255 40,542 8,464 12,361 19,255 40,080 - - - 69 - - 69 8,533 12,361 19,255 40,149 393 - - 393 462 - - 462 |
|---|---|
There are no commitments under non-cancelling operating leases and capital commitments (2023: None)
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HIGHWAY CHRISTIAN CHURCH (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
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 Entertainment Fixtures & Fittings Insurance Leadership Expenses Director's expenses General 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 2023 2022 £ £ £ £ 24,027 405 24,432 32,951 4,809 - 4,809 4,899 28,836 405 29,241 37,850 275 - 275 2,014 38 - 38 1 313 - 313 1 Unrestricted Restricted TOTAL TOTAL Funds Funds 2023 2022 £ £ £ £ 393 - 393 125 2,354 2,308 4,662 11,835 58 - 58 887 - - - - 411 - 411 619 - - - - 47 - 47 22 204 - 204 252 377 - 377 355 - - - - 55 - 55 1,215 519 - 519 332 69 - 69 327 - - - - - - - - 838 - 838 852 26 - 26 790 160 - 160 - 25 - 25 - 61 - 61 246 26 - 26 175 4,327 - 4,327 2,835 132 - 132 150 24,078 - 24,078 26,108 146 - 146 437 728 - 728 276 198 - 198 451 1,900 - 1,900 1,443 - 2,078 - 2,078 2,705 59 - 59 13 259 - 259 284 39,529 2,308 41,837 52,732 |
|---|---|
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HIGHWAY CHRISTIAN CHURCH
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
5. RESTRICTED FUNDS
| Restricted Gifts | Balance Balance 01-Apr-22 Income Expenditure Transfers 31-Mar-23 £ £ £ £ £ 2,506 405 2,308 - 603 2,506 405 2,308 - 603 |
|---|---|
The restricted funds are wholly represented by the Charity's cash reserves.
It was discovered during the review of funds exercise, that some income and expenditure attributable to Resticted funds have been inadvertantly allocated to general unrestricted funds in the chairty bookkeeping records. This has resulted in the balance held in restricted funds being understated by £2469 as at 31st of March 2022. Revised name of this fund is Restricted Gifts.
As at 31st March 2022
| Reserves as originally stated | General Fund Restricted Fund Total £ £ £ 18,861 37 18,898 |
|---|---|
| Prior period adjustment | 2,469 - 2,469 - |
| Reserves as restated | 16,392 2,506 18,898 |
7. CASH AT BANK AND IN HAND
| 7. CASH AT BANK AND IN HAND | ||
|---|---|---|
| Current Account | Unrestricted Restricted Total Total Fund Fund 31-Mar-23 31-Mar-22 £ £ £ £ 260 - 260 10,952 |
|
| Savings Account | 6,343 603 6,946 8,708 |
|
| 6,603 603 7,206 19,660 |
||
| 8. DEBTORS AND PREPAYMENTS | ||
| Accrued Income: Gift Aid Tax | Unrestricted Designated Restricted Total Fund Fund Fund 31-Mar-23 £ £ £ £ - - - - |
Total 31-Mar-22 £ - |
| Debtor | 14 - - 14 |
|
| 14 - - 14 |
- | |
| 9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Accruals and Prepaid Income | Unrestricted Designated Restricted Total Fund Fund Fund 31-Mar-23 £ £ £ £ 1,000 - - 1,000 |
Total 31-Mar-22 £ 1,000 |
| Payroll Liabilities | - - - - |
225 |
| 1,000 - - 1,000 |
1,225 |
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HIGHWAY CHRISTIAN CHURCH
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023
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 (2023: None).
11. STAFF COSTS AND NUMBERS
| Gross Wages and Salaries Employer's National Insurance Costs Pension Total Number of employees |
31-Mar-23 £ 24,078 - 61 24,139 31-Mar-23 TOTAL 4 4 |
31-Mar-22 £ 26,108 - 351 26,459 31-Mar-22 TOTAL 4 4 |
|---|---|---|
No employees (2023: 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 during this financial period. No material transaction took place between the organisation and a trustee.
A Reeve, employed leadership team member, is the spouse of D Reeve trustee. E Croxford, employed church administrator, is spouse of G Croxford trustee. S Hobbs, employed assistant church administrator, is spouse of J Hobbs trustee. Related parties received a total of £17,774 (remuneration and pension contribution) in the current year.
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.
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