## **HIGHWAY CHRISTIAN CHURCH**
## **ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024**
**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 2023 **END OF FINANCIAL YEAR** 31st March 2024 **DIRECTORS DURING THE YEAR** Peter Bridgman Jon Hobbs Chris Jones
## **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
3
## **HIGHWAY CHRISTIAN CHURCH**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31ST MARCH 2024**
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 2024. 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**
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.
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 2 members of staff 1 of whom is 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. The other serves in a church leadership role. 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.
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 2024**
## **STATEMENT OF DIRECTOR'S RESPONSIBILITIES**
The trustees (who are also the directors of Highway Christian Church for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
i. select suitable accounting policies and then apply them consistently;
ii. make judgements and estimates that are reasonable and prudent;
iii. observe the methods and principles in the Charities SORP;
iv. prepare financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business;
v. 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 trustees are responsible for keeping proper accounting records that can 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.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity and signed on its behalf by:
20/09/2024
Approved by order of the Board of Directors on …................................................
Jon Hobbs Signed on their behalf by Director : ….....................................................
Print Name: Jon Hobbs
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 Highway Christian Church for the year ended 31 March 2024.
## **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 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.
Zita Derbak MAAT AATQB Independent Examiners Ltd Signed : a 2 Broadbridge Business Centre Delling Lane Bosham Date: 25.09.2024 West Sussex PO18 8NF
## **HIGHWAY CHRISTIAN CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024**
|**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
Transfer of funds
**5**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
25,034
-
25,034
29,241
5,708
-
5,708
313
**30,743**
**-**
**30,743**
**29,554**
24,227
-
24,227
41,837
**24,227**
**-**
**24,227**
**41,837**
**6,516**
**-**
**6,516**
**(12,283)**
6,011
603
6,614
18,897
-
-
**12,526**
**603**
**13,129**
**6,614**|
|---|---|
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 2024**
|||Unrestricted|Restricted|**31-Mar-24**|**31-Mar-23**|
|---|---|---|---|---|---|
|||Funds|Funds|**Total**|**Total**|
||**Note**|£|£|**£**|**£**|
|**Fixed Assets**||||||
|Tangible Assets|**2**|334|-|334|393|
|**Current Assets**||334|-|334|393|
|Debtors & Prepayments|**8**|899|-|899|14|
|Cash at Bank and in Hand|**7**|12,431|603|13,034|7,206|
|**Total Current Assets**||**13,330**|**603**|**13,933**|**7,220**|
|**Creditors:**amounts falling due|**9**|(1,139)|-|(1,139)|(1,000)|
|within one year||||||
|**NET CURRENT ASSETS**||12,192|603|12,794|6,220|
|**TOTAL ASSETS**less current||**12,526**|**603**|**13,129**|**6,614**|
|liabilities||||||
|Creditors: amounts falling due in||||||
|more than one year|**10**|-|-|-|-|
|**NET ASSETS**||**12,526**|**603**|**13,129**|**6,614**|
|**Funds of the Charity**||||||
|General Funds||12,526|-|12,526|6,011|
|Restricted Funds|**5**|-|603|603|603|
|**Total Funds**||**12,526**|**603**|**13,129**|**6,614**|
For the financial year ended 31st March 2024, the company was entitled to exemption under 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 accounts for the year ended 31st March 2024 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 financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements were approved by the Board of Trustees and authorised for issue on:
20/09/2024 Approved by the Directors on …............................................................................. Signed on their behalf by Director ............................................................ :
Signed on their behalf by Director ............................................................ Jon hobbs Print Name: …...............................................
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## **HIGHWAY CHRISTIAN CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **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.
9
## **HIGHWAY CHRISTIAN CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
## **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-23
Additions
Disposals
Cost at
31-Mar-24
Depreciation
01-Apr-23
Disposals
Charge
Depreciation at
31-Mar-24
Net Book Value
31-Mar-24
Net Book Value
31-Mar-23|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
-
-
-
-
-
-
(11,970)
(11,970)
8,926
12,361
7,285
28,572
8,533
12,361
19,255
40,149
-
-
(11,970)
(11,970)
59
-
-
59
8,592
12,361
7,285
28,238
334
-
-
334
393
-
-
393|
|---|---|
There are no commitments under non-cancelling operating leases and capital commitments (2023: None)
10
## **HIGHWAY CHRISTIAN CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
|**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
Youth & Children's expenses
**_Admin/Support Costs -_**
Advertising
Bank Charges
Bookkeeping
Church Licences
Church resources, 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
**2024**
**2023**
£
£
**£**
**£**
19,304
-
19,304
24,432
5,731
-
5,731
4,809
**25,034**
**-**
**25,034**
**29,241**
5,615
-
5,615
275
93
-
93
38
**5,708**
**-**
**5,708**
**38**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024**
**2023**
£
£
**£**
**£**
335
-
335
393
1,360
-
1,360
4,662
809
-
809
58
340
-
340
411
-
-
-
47
165
-
165
204
399
-
399
377
369
-
369
-
36
-
36
55
593
-
593
519
59
-
59
69
-
-
-
-
-
-
-
-
695
-
695
838
4
-
4
26
91
-
91
160
-
-
-
25
8
-
8
61
81
-
81
26
2,001
-
2,001
4,327
-
-
-
132
13,335
-
13,335
24,078
-
-
-
146
258
-
258
728
38
-
38
198
1,526
-
1,526
1,900
-
1,459
-
1,459
2,078
13
-
13
59
254
-
254
259
**24,227**
**-**
**24,227**
**41,837**|
|---|---|
11
## **HIGHWAY CHRISTIAN CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
|**5. RESTRICTED FUNDS**
Restricted Gifts
Restricted Gifts|Balance
Balance
01-Apr-23
Income
Expenditure
Transfers
31-Mar-24
£
£
£
£
£
603
-
-
-
603
**603**
**-**
**-**
**-**
**603**
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.
## **7. CASH AT BANK AND IN HAND**
|Current Account
Savings Account
**8. DEBTORS AND PREPAYMENTS**
Gift Aid Tax
Debtor|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-24**
**31-Mar-23**
£
£
**£**
**£**
5,995
-
5,995
260
7,039
-
7,039
6,946
**13,034**
**-**
**13,034**
**7,206**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-24**
**31-Mar-23**
£
£
**£**
**£**
899
-
899
-
-
-
-
14
**899**
**-**
**899**
**14**|
|---|---|
12
## **HIGHWAY CHRISTIAN CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024**
## **9. CREDITORS AND ACCRUALS:**
|PAYE Payable
Accruals and Prepaid Income
Pension Contribution
**AMOUNTS DUE WITHIN ONE YEAR**|Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**31-Mar-24**
**31-Mar-23**
£
£
£
**£**
**£**
117
-
-
117
1,020
-
-
1,020
1,000
2
-
-
2
-
**1,139**
**-**
**-**
**1,139**
**1,000**|
|---|---|
## **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
Average number of employees|**31-Mar-24**
**£**
13,335
-
8
**13,343**
**31-Mar-24**
**TOTAL**
3
**3**|**31-Mar-23**
**£**
24,078
-
61
**24,139**
**31-Mar-23**
**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 any related organisation and a trustee.
S Hobbs, is the spouse of J Hobbs trustee, received a total of £453 (remuneration) for her employed role as assistant church administrator and was reimbursed £316 for out-of-pocket expenses in relation to vehicle MOT in the current financial 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.
13