Company number: 06083509 Registered charity number: 1119508 ARISE CHURCH LTD (FORMERLY KNOWN A5 CALVARY CHURCH) IA COMPANY LIMITED BY GUARANTEE} REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ARISE CHURCH LTD CONTEMfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Charity Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities and Income and expenditure Account Balance Sheet Notes to the Report and Financial Statements 8-11
ARISE CHURCH LTD CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES: A Aston P Wade S J Baker PDHill Mrs J Mee COMPANY SECRETARY: P Wade REGISTERED OFFICE: Stallings Lane Kingswinford West Midlands DY6 7HS REGISTERED COMPANY NUMBER: 06083509 REGISTERED CHARITY NVMBER: 1119508 INDEPENDENT EXAMINER: TCP IGB) Group Ltd I Crow Hill Dr, Mansfield, NG19 7AE BANKERS: Barclays Bank PIC 81 High Street Stourbridge West Midlands DY8 IEB Kingdom Bank Ruddington Fields Business Park Mere Way Ruddington Nottingham NGII 6JS
ARISE CHURCH LTD REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their Annual Report and Financial Statements forthe year ended 31 March 2024. Organisational structure Arise Church Ltd Iformally known as Calvary Church IKing5winford)l is a company limited by guarantee not having a share capital. operating under a Memorandum and Articles of A55ociation. It was incorporated on 5 February 2007. company re8lStration number 06083509. The company is also a registered charity, number 1119508. Governance and Management The board of direttors (trustees) Currently comprises 5 members. New directors Itrusteesl are appointed by the existing directors. A selection and recruitment process takes place when potential board members are selected after making careful enquiry as to their sultability and support of the objectives of the organisation. The trustee's objective is to have a broad range of skills represented, in particular- business & operational management, finance, and charity law. The trustees meet bi-monthly. Decisions are taken by the board at meetings and formally recorded in minutes of meeting5. The Senior Leadership Team {SLTI, who have responsibility for the spiritual, pastoral and doctrinal oversight of the organisation, routinely meet with trustee5 to inform them of direction, vision and focus. The board has delegated authority to the SLT, within the terms of delegation approved by the trustees. for routine operational matters of the organisation. Objectlves and actbvlties The principle objects of the company are: to advance the Christian faith as 3 church in fellowship with Assemblies of God in Great Britain and In accordance with the Statement of Faith; to relieve sickness and financial hardship: and to advance education. The trustees and elders follow a principle objective of the proclamation of the Gospel of Jesus Christ, and in addition provide a facility for people to meet to worship and praise God. to stand alongside people as they grow as individual Christians, and to encourage fellowship. The church offers a safe and welcoming environment where people can come for help and support. By upholding riBhteous values and belief5, It is the trustees, conviction that a positive impact into the community can be achieved for the good of all. The main activities have been: Church meetings ranging from Sunday morning worship and communion services to gospel and evangelistic services, often with visiting speakers from a wide range of Christian organisations. In addition to that weddings, adult baptism and baby dedications take place. Our aim is to provide for the whole family. The work amongst the children and youth continued, focussing on evangelism throu8h outreach initiatives and spiritual development. The building is also used by a number of groups during the week. who invite friends, family and the general public to their activities. Publlc Beneflt The Trustees have considered thi5 matter in conjunction with the guidance contained in the Charity Commission's guidance on publlc benefit, and have concluded that the aims continue to be charitable, that the aims and activities give identifiable benefits to the charitable sector. that the benefits are for the public and not unreasonably restricted in any way, and that there is no detriment or harm arising from the alms or activitles.
ARISE CHURCH LTD REPORT OF THE TRUSTEES- contlnued FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance This is the 8th year of Arise Church and the church continues to grow and impact the community year on year. The main achievements for this year afe: 11 We introduced a 4 week discipleship course to equip people in their own growth and development. We have also utilised our small group 5y5tem to help give focus to Spiritual growth as well and our on80ing online content. 21 We set ourselves the target of doubling our overseas missions Involvement and although we haven't reached that target we did send 23 people on mission this year compared to 15 last year. 31 We have seen growth in ourchlldren's and youth departments. The youth have been involved in local community projects as well as wider youth events for young people across the borough, this has seen them widening their view and helpin8 them to feel part of sornethin8 bi88er than themselves. The children's department operate during the week as well as on Sundays and we have seen some great community impact from the work we do with parents and toddlers and year S's and 6's. Financial review and reserves The total net surplus for the year amounted to £5,98212023'. net deficit £14,990). The accumulated unrestricted general funds carried forward amount to £119,02412023'. £112,022) and £251,50012023: £260,298) in the fixed assets fund. The restricted fund carried forward is £221.28312023: £213,505). The vast majority of the finances required to fund the activities are raised through regular giving and one-off donations from church members, supplemented bythe refund of income tax from HM Revenue & Custom5 through the Gift Aid scheme. Reserves pollcy The policy agreed by the trustees is to aim to hold in unrestricted reserves not committed or invested in tangible fixed assets (the 'free' reserves) sufficient to cover the general overhead expenses and salary costs not specifically funded by external agencies or able to be covered by other committed income such as rents, for a period of six months. At this level. the trustees feel that they would be able to continue the current activitles of the charity in the event of a significant drop in funding. It would then be necessary to consider how the funding would be replaced or artivities changed. At 31 March 2024 free reserves amount to £119,024 representing 3.9 months expenditure. The trustees are considering ways to increase fund5 available. Restricted reserves are disclosed in note 12b. Future developments 1}To increase our community impart through Shine Foundation and other ministries 21 To launch a second Arise Church location 31 To be8in the Pro55 of refreshing our current facility in Kingswinford
ARISE CHURCH LTD REPORT OFTHE TRUSTEES- continued FOR THE YEAR ENDED 31 MARCH 2024 Donatlons Durin8 the year £23,705 (2023. £21,973) was given to other Christlan charities. evangelists, missionaries and mission organisations who help us fulfil our charitable aims and objectlve5 through the work they do in other areas of the country and world. Trustees The trustees holding office during the whole year unless otherwise stated were as follows.. A J Aston Pjwade S J Baker PDHill Mrs J Mee Tru5tee5' responslbllltles In relatlon to the financlal Statements Company law requires the trustees to prepare financial Statements for each financial year which give a true and fair wew of the State of affairs of the company and the incoming resources and application of resources, including the net income or expenditure for the year. In preparing those flnancial statement5, the trustees are requlred to- select Suitable accounting policies and then apply them consistentlv: make judgments and estimates that are reasonable and prudent. State whether applicable accounting stan(Jard5 and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial ststements: aT prepare the financlal statement5 on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keepin8 proper accounting cordS which disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Art 2006. 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. Approved by the board on 31"October 204and slgned on its behalf by AndW Aston Trustee
INDEPENDENT EXAMINERS, REPORT TO THE MEMBER5 OF ARISE CHURCH LTD I report to the charity trustees on my examination ofthe accounts of the company for the year ended 31 March 2024 which are set out on pages 6 to 11. Responslbilitie5 and basls of report As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. 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 exafflination of your companrfs accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Dirertions given by the Charity Commission under section 145{Sllbl of the 2011 Act. Independent examiner's statement Since the companWs gross income exceeded £250,(X)O your examiner must be a member of a body listed in section 145 ofthe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Association Of Certified Chartered Accountants {ACCA). which is one of the Ilsted 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: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the accountin8 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 the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities. 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. tcp {gbl group Itd 10 the triangle ng2 business park nottingham NG2 IAE 31" October 2024
ARISE CHURCH LTD STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds Z023 Note Income Donations and grants 214.707 11,325 226.032 205.845 Income from charitable activities.. Advancement of Christianity Investment income Activities for generating funds 5.999 1,305 3,084 9.083 1,305 13,690 279 Total Income 222,011 14009 236,420 219,815 Expendlture Cost of raisin8 funds Expenditure on charitable activities Advancement of Christianity Governance costs 222.232 1,575 6,631 228.863 1,575 233,260 1,545 Total expendlture 223,807 6,631 230A38 234,805 Net lexpendlture)/lncome 11.796) 7,778 5.982 114,9901 Transfers between funds Net movement in fvnds for the year 11.796) 7,778 5.982 114,990) Reconcillatlon of funds Total funds brought forward 372,320 213.505 585,825 600,815 Total funds carrled forward 12 370.524 221,283 591.807 585,825 All income and expenditure derived from continuing activities. The statement of financial activities includes all 8ains and losses recognised during the year. The notes form part of these financial statements
ARISE CHURCH LTD BALANCE SHEFr FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tan8ible asset5 251,SCIJ 260,298 CURRENT ASSErs Debtors Cash at baftk and In hand io 17.586 327,456 345.042 6,066 323.845 329,911 CREDITORS: amounts fallin8 due within one year li {4,7351 {4,384} NEf CURRENT ASSETS 340,307 325,527 TOTAL ASSETS LESS UABILITIES 591,807 585.825 THE FUNDS OF THE CHARITY Unrestricted Restricted 12a 12b 370,524 221.283 372.320 213,SOS 591,807 585,825 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relatin8 to small companies but as this company is a charity, it is subject to audit under the Charities Act 2011. Directors, responsibilities- The members have not required the company to obtain an audlt of its accounts for the year in questlon In accordance wlth sectlon 476: The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accountin8 records and the preparation of accounts. Approved by the Board on 31st October 2024 and signed on its behalf by Andrew Aston
ARISE CHURCH LTD NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 MARCH 2024 l. kcountlng Policles 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 for Smaller Entities published on 16 July 2014. the Financial Reportin8 Standard for Smaller Entities (effective April 20151, and the Companies Act 2006. a) Accountlng convention The financial statements are prepared under the historlcal cost convention, and on a going concern basis. bl Income recognltion Income is recogni5ed in the period to which it relates. The value of services provided by volunteers has not been included on the basis that the value cannot reasonably be quantified. cl Expendlture Expenditure is accounted for as it becomes due and ha5 been allocated to activities on a basi5 consistent with the use of resources. dl Tangible fixed assets Tangible fixed asset5 are stated in the balance sheet at their acquisltion cost less accurnulated depreciation. Depreciation is provided on all tangible red assets with the exception of freehold land. to write off the cost less estimated residual value of each assets over its expected useful life as follows: Freehold property Heating system Furniture and equipment Computer equipment between 1% and IO% on reducing balance IO% on reducing balance IO% on reducing balance 25% on reducing balance e) Taxation The activities of the company are exempt from corporation tax on the net incoming resources. Pension costs The company operates a defined contribution pension scheme. Contributions payable for the year are char8ed to the Statement of Financial Activities in the period to which they relate. gl Fund5 Unrestricted funds are available to be used for purposes within the objects of the charity at the distretion of the trustees. Restricted funds can only be used for specific restricted purposes within the objects of the charity. The restrictions are specified by the donor or when funds are raised for particular restricted purposes. Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Donatlons and grants Tithes and offerings Gift Aid tax Grants Job Retention Scheme grant 172.397 42.310 10,626 699 183,023 43,009 169,666 36,179 214.707 11.325 226.032 205.845
ARISE CHURCH LTD NOTES TO THE FINANCIAL STATEMENT5- continued FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Funds 2024 Restrlrted Funds 2024 Total Funds 2024 Total Fund5 2023 Income from charltable a¢tlvltle5: Advancement of Christianlty Arise kids and mothers and youth Youth activities Flourish Worship team Shine Non-govemment grants Other 970 970 382 3,375 2,058 382 928 4,359 2,702 2,702 5,029 5,029 2,970 13,690 Unrestrirted Funds 2024 Restrirted Funds 2024 Total Funds 2024 Total Funds 2023 Expendlture on charitable activities Advancement of Christianlty Dirert Costs Ministry Outreach Chlldren's activities Youth activities Flourish Shine Vision 2021 Other 22,753 12.263 3,737 952 23,705 12.263 5,763 21,973 7,601 10,183 2,026 436 3,217 436 3.217 158 3,282 420 420 39.173 6.631 45,804 43,197 Support Costs Staff costs Building and infrastructure Office expenses Depreciation 149,802 16.682 7,777 8,798 149,802 16,682 7.777 8.798 162.099 11,039 8,375 10,095 183.059 183.059 191.608 Total Athiancement of Chrlstlanlty 222.232 6.631 228,863 234.805 Governance costs 2024 2023 Professional fees 1,575 1,54S
ARISE CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 Staff costs 2024 2023 Wages and salaries Social security costs Pension costs 132,515 12,198 5,088 141,781 15,139 5,179 149.802 162,099 The avera8e full time equivalent number of employees was as follows: 2024 2023 Management Administration and support Transactions wlth related parties Remuneration and benefits Trustees A Aston 2024 2023 42.730 39,115 42,730 37,603 Conneeted persons R A Baker JDMee S E Aston 12.341 14.301 9,330 11,512 13,243 8.830 35.972 33.585 Trustee5 and connected persons were reirnbursed motor. travelling and other expenses totaling £nil12023 £2241. The Memorandum of Association allows for the payment of remuneration to trustees as long as the number receiving remuneration is not the majority. Net (expendlture)/lncome 2024 2013 The net income is stated after charging: Independent Examiners remuneration.. Oepreciation 1575 8,798 1,545 10,096 Tangible flxed assets Freehold Land and bulldings Heatlng System Furnlture and equlpment Computer equlpment Total Cost At l April 2023 Additions At 31 March 2024 233,344 55.107 97,860 17.549 403,860 233,344 55,107 97,860 17.549 403,860 Depreciation At l April 2023 Charge for year At 31 March 2024 31,946 1,613 33,559 33.758 2.135 35,893 68,947 2,891 71,838 8,911 2,159 11,070 143,562 8,798 152,360 Net book value At 31 March 2024 199.785 19,214 21,349 26,OZ2 28,913 6.479 251.500 260.298 At 31 March 2023 201398 8.638 io
ARISE CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS - tontlnued FOR THE YEAR ENDED 31 MARCH 2024 10. Debtors 2024 2023 Debtors Prepayments 17.586 6.066 17,586 6,066 11. Credltors: amounts falllng due withln one year 2024 2023 Trade and other creditors Social security and other tax Accrued expense5 1,144 1,428 2.163 464 1.828 2,092 4,735 4,384 l April 2023 Incomlng Resources Outgolng Resources 31 March 2024 IZ. Funds Transfers a) Unrestrlcted Fixed assets General 260,298 112,022 18,7981 8,798 251,500 119,024 222,011 (223,8071 Total unrestrirted funds 372,320 222,011 1223,8071 370,524 b) Restrlrted UK Ministries Oversea5 Ministries Church planting Youth Oudley MBC- Preschoo5 Grants 5,920 119,143) 258,266 1.065 136.7221 4,119 2,702 699 10.626 382 13,2171 {9521 5.405 119.3961 268,892 (1.015) 136,722) 4.119 12.4621 Total restrlcted funds 213,505 14,409 {6.631 221,283 Unrestrlcted Fixed Assets Fund Unrestrlcted General Funds Analysis of net assets across funds Restrlcted Funds Total Funds Fixed assets Cash at bank Other current assets Current liabilities 251,500 251,500 327,456 17,586 14735) 106,250 17,509 14,7351 221.206 77 Total Funds at 31 March 2024 251,5 119,024 221,283 591,807 li