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← Twynham Church For The Community

2023-12-31-accounts

Charity Registration No. 1122666

Company Registration No. 06349990 (England and Wales)

TWYNHAM CHURCH FOR THE COMMUNITY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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10 Bridge Street
Christchurch
Dorset
BH23 1EF
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TWYNHAM CHURCH FOR THE COMMUNITY

CONTENTS

Page
Company informaton 1
Trustees' report 2 - 7
Statement of trustees' responsibilites 8
Independent examiner's report 9
Statement of fnancial actvites 10
Statement of fnancial positon 11 - 12
Notes to the fnancial statements 13 - 26

TWYNHAM CHURCH FOR THE COMMUNITY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr S Crockford Mr J Dowds Ms J Duffin Mr R Rutter Mr J Brinson Mr C Du Puy (Appointed 5 June 2023) Ms J Preston (Appointed 29 January 2024) Charity number 1122666 Company number 06349990 Principal address 99 Barrack Road Christchuch Dorset BH23 2AL Registered office 99 Barrack Road Christchuch Dorset BH23 2AL Independent examiner TC Group 10 Bridge Street Christchurch Dorset BH23 1EF

TWYNHAM CHURCH FOR THE COMMUNITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule to the articles hereto in Christchurch and in such other parts of the United Kingdom or the World, as Trustees may from time to time think fit and other such purposes which are exclusively charitable work of the Charity;

To further Christian education in such parts of Christchurch, United Kingdom and the World as the Trustees may from time to time think fit; and

To provide or assist in the provision of facilities in the interest of social welfare from recreation or other leisure time occupations.

The principal objectives of the charity, as set out in the Trust Deed are:

The preaching of the Gospel.

The nurture of Christian believers.

The nurture of families.

Material and spiritual service to the wider community.

Practical and financial support for the Christian Mission worldwide.

Significant activities

Regular church services, including weekly Family Services.

Regular activities, including an Alpha Course that is designed to promote the Christian Faith in the community and a follow-on course that is designed for those who have completed the Alpha Course.

Regular 'Outreach' events, especially at Christmas and Easter.

Regular house-groups that are designed to provide both teaching and fellowship for Christians.

Family-oriented activities designed to promote effective parenting.

Regular activities for children and young people. These include both children belonging to church families and those with no church connections. To this end we employ part-time Youth and Children / Families Worker.

Regular activities for Seniors.

TWYNHAM CHURCH FOR THE COMMUNITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

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 this has been achieved are detailed elsewhere in the Trustees report. The Trustees confirm that they have considered the Charity Commission's guidance on public benefit and, in particular, its supplementary public guidance on the advancement of religion for the public benefit.

Grants

It is the policy of the Trustees not to apply for grants that are derived from various forms of gambling, although they would be prepared to consider accepting a grant from another charitable organisation that was in receipt of such funding.

In addition, they are resolved not to accept funding that has conditions attached to it, especially when these conditions may be in conflict with the core beliefs and values of the Charity.

Volunteers

Volunteers are an integral part of the running of the church with it's varied activities during the week and on Sunday's.

Additional details

The charity receives a small dividend from the Tighe Trust - a long-standing trust fund. This income is committed to work amongst children and young people. The performance of the portfolio is reviewed from time to time.

The charity makes regular donations both to individual Christian workers and to reputable charitable and Christian Mission organisations both in the UK and overseas.

TWYNHAM CHURCH FOR THE COMMUNITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and performance

At the beginning of 2023, we continued to enhance the programme of events held both for the church and the community building on the previous year.

We continue to hold services on the Sunday and continue to broadcast our services as a Livestream through YouTube to audiences now joining us both locally and across the world. We have also been recording and broadcasting items through local radio.

We have continued to hold our evening service focussing on worship called the ‘worship café’ with new people attending and held baptism services.

Our youth work has continued to grow. The Youth Café for young people is particularly popular among upper junior school ages with over 25 attending weekly. Our Youth worker alongside our placement degree students from Moorlands College and volunteers across the church have been working to cater for the needs of young people both in the church and the community with activities on Wednesday afternoons, Friday evenings and Sunday mornings and working in one secondary school in the area one day a week with another local charity called PACE and in partnership with other churches.

Children’s work continues on a Sunday morning, and we have set up a weekly creche for under 5s

The midweek under 5s work called ‘Ladybirds’ was closed and reinvented now called Twynham Tots and has grown though the year with a healthy team of volunteers and a café for parents attending from the community.

The ‘Friendship Group’ continues to be popular for people from the community who may otherwise be lonely. This also acts as a ‘Warm Space’ for those struggling to heat their homes and who need a place to meet that is warm and friendly during the cost of living crisis.

We held two popular Alpha Groups with one morning and one evening course during the year. Alpha is a basic introduction to the Christian faith and was attended by a good number of people this year.

The church has continued to develop the ‘Connect Groups’ (small groups of up to 12-15 people). Connect Groups are smaller elements of church that meet regularly to pray, support and discuss. These meet in various locations across the conurbation.

We have begun to develop a new men’s activity to help connect men called Chap’s Chat Cafe meeting on a Thursday morning once a month. We also continue to hold other men’s activities attended by several church men and their friends.

We have also enabled the church to be used by other external groups. These include: Slimming World, Dancing Ducklings (for under 5s), NHS retirement fellowship, Pilates groups, an anxiety group, table tennis group and opportunities for local scout group special events etc.

In addition, we have held various community events to support people and raise money for the Twynham Community Link building project including: Jumble Sale, a plant sale, a Cream Tea and a very popular ‘Christmas Fair’ all of which were extremely well received and attended raising approximately £10,000 for the project.

TWYNHAM CHURCH FOR THE COMMUNITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

Donations have continued to increase, with Standing Order receipts increasing by £4,798 and gifts and offerings increasing by £291.

Income from gift aid has fallen £2,390.

Rental Income increased by £1,120, due to the increase in monthly rent. The property was occupied for the whole year.

Income from fundraising events this year increased by £5,982 to £18,313.

There was a total surplus (net income) made of £29,226 for the 2023 year, compared to surplus (net income) of £1,278 in 2022.

Financial Risk Management

Through the Church Treasurer, the Trustees have continued to keep all budgets under careful review. The Treasurer draws up an annual budget and he keeps the church informed about progress throughout the year. The elders discuss any major projected expenditure with the Treasurer in advance of any final decision.

Principal funding sources

The Charity relies almost completely on the systematic giving of the membership to cover the day-today expenditure (including staffing), a significant proportion of which is gift-aided. However a new project designed to replace the existing youth activity building and to add new facilities - Including a Sports Hall, small meeting rooms and long overdue facilities for staff - is currently being planned and we have already raised part of the cost by means of a series of fund-raising events. We will also be applying for grants from several charities.

Reserves policy

At the year end the charity had total reserves of £1,366,852, of which £193,349 were restricted. General unrestricted free reserves after removing tangible fixed assets and investment property amounted to £51,968.

It is the policy of the Trustees to keep in reserve such sums of money that are adequate to meet essential expenditure for a period of approximately three months. Amongst other things, this covers staffing costs and the cost of utilities. At the year end the Church is holding in excess of three months expenditure as they are expecting extensive works to be done in the coming few years.

Structure, governance and management

Governing document

The charity is a company limited by guarantee and is governed by the Memorandum and Articles of Association which were adopted on its incorporation on 22 August 2007.

TWYNHAM CHURCH FOR THE COMMUNITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr S Crockford Mr J N Jones (Resigned 5 June 2023) Mr J Dowds Ms J Duffin Mr R Rutter Mr D R Sims (Resigned 5 June 2023) Mr J Brinson Mr Malcolm Marshall (Resigned 5 June 2023) Mr C Du Puy (Appointed 5 June 2023) Ms J Preston (Appointed 29 January 2024)

Recruitment and appointment of new trustees

The power to appoint new trustees is vested in the existing trustees.

Organisational structure

The elders of the church are responsible for day-to-day management and for the spiritual oversight of the church members. The elders work with the trustees in order to ensure that the church achieves its charitable objectives, to ensure that it observes its statutory responsibilities in relation to Child Protection and Health and Safety, and to ensure that the church finances remain sound. The elders are key management personnel.

A Finance Team handles the church's revenue and expenditure on a day-to-day basis and it advises the elders and trustees of any issues that need to be addressed. The Treasurer also serves as a Trustee.

Trustees holding title to property

The property is held for the charity by four ex-trustees.

Risk management

The Trustees are satisfied that the risks faced by the Charity are manageable and the strategies that have been adopted so far have proved to be adequate to meet any foreseeable eventuality. They have ensured that the Charity has an appropriate level of insurance cover for buildings, contents and third-party liability.

TWYNHAM CHURCH FOR THE COMMUNITY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Safeguarding

The Safeguarding Team has worked hard to consolidate our understanding of our statuary responsibilities with regard to the protection of vulnerable individuals, including children, young people and Seniors. An annual training session is designed to ensure all volunteers are aware of any recent changes in legislation.

The trustees' report was approved by the Board of Trustees.

Mr J Brinson

Trustee Dated: 24 October 2024

TWYNHAM CHURCH FOR THE COMMUNITY

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees, who are also the directors of Twynham Church For The Community for the purpose 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).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose 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 Act 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.

TWYNHAM CHURCH FOR THE COMMUNITY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF TWYNHAM CHURCH FOR THE COMMUNITY

I report to the trustees on my examination of the financial statements of Twynham Church For The Community (the charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Lucy Filer TC Group

10 Bridge Street Christchurch Dorset BH23 1EF

Dated: 28 October 2024

TWYNHAM CHURCH FOR THE COMMUNITY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
funds
2023
Notes
£
Income and endowments from:
Donatons and legacies
2
77,530
Other trading actvites
3
-
Investments
4
19,966
Other income
5
7,444
Total income
104,940
Expenditure on:
Charitable actvites
6
108,580
Net (outgoing)/incoming resources before
transfers
(3,640)
Gross transfers between funds
4,700
Net income for the year/
Net movement in funds
1,060
Fund balances at 1 January 2023
1,172,443
Fund balances at 31 December 2023
1,173,503		 Restricted
funds
2023
£
39,951
18,313
-
-
58,264
25,398
32,866
(4,700)
28,166
165,183
193,349		 Total
2023
£
117,481
18,313
19,966
7,444
163,204
133,978
29,226
-
29,226
1,337,626
1,366,852		 Total
2022
£
113,780
12,331
18,844
6,908
151,863
150,585
1,278
-
1,278
1,336,348
1,337,626

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

TWYNHAM CHURCH FOR THE COMMUNITY

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2023

Notes
Fixed assets
Tangible assets
11
Investment propertes
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilites
Income funds
Restricted funds
16
Unrestricted funds
Designated funds
17
General unrestricted funds		 2023
£
£
724,884
395,000
535
1,120,419
100
257,127
257,227
(10,794)
246,433
1,366,852
193,349
1,651
1,171,852
1,173,503
1,366,852		 2022
£
£
720,889
395,000
535
1,116,424
278
227,984
228,262
(7,060)
221,202
1,337,626
165,183
1,651
1,170,792
1,172,443
1,337,626		 2022
£
£
720,889
395,000
535
1,116,424
278
227,984
228,262
(7,060)
221,202
1,337,626
165,183
1,651
1,170,792
1,172,443
1,337,626
1,116,424
221,202
1,337,626
165,183
1,172,443
1,337,626

TWYNHAM CHURCH FOR THE COMMUNITY

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2023

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.

The trustees acknowledge their responsibilities for ensuring that the charity keeps 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 incoming resources and application of resources, including its income and expenditure, 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 financial statements, so far as applicable to the company.

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.

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

The financial statements were approved by the Trustees on 24 October 2024

Mr J Brinson

Trustee

Company Registration No. 06349990

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Twynham Church For The Community is a private company limited by guarantee incorporated in England and Wales. The registered office is 99 Barrack Road, Christchuch, Dorset, BH23 2AL, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.5 Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required insettlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

1.6 Tangible fixed assets

Tangible fixed assets for use by the charity are capitalised if they cost at least £500 and can beused for more than one year.

Freehold land and buildings

Equipment

No depreciation is charged on the church as the property is maintained to such a standard that theresidual value is not less than cost.

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14 Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

1.15 Taxation

The charity is exempt from corporation tax on its charitable activities.

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Donations and legacies

Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
Donatons
55,923
-
55,923
Gifs
8,320
30,226
38,546
Gif aid
13,287
994
14,281
Tithe
-
8,731
8,731
77,530
39,951
117,481
For the year ended 31 December 2022
69,412
44,368
3
Other trading actvites
Restricted
funds
2023
£
Fundraising events
18,313
4
Investments
Unrestricted
funds
2023
£
Rental income
19,820
Income from listed investments
146
19,966		 Total
2022
£
51,125
38,255
16,671
7,729
113,780
113,780
Total
2022
£
12,331
Total
2022
£
18,700
144
18,844

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

5 Other income

Unrestricted Total
funds
2023 2022
£ £
Other income 7,444 6,908

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

6 Charitable activities

Church
actvites
Supportng
individuals
and charites
2023
2023
£
£
Staf costs
72,426
-
Depreciaton and impairment
705
-
Light and heat
4,099
-
Housekeeping and maintenance
7,747
-
Other ofce costs
5,102
3,211
Outreach
163
-
Sunday school and youth actvites
2,620
-
Sundry
1,289
-
Pastor expenses
653
-
Speaker expenses
500
-
Licences
1,336
-
Manse
10,067
-
Training
232
-
Act 435
-
-
106,939
3,211
Grant funding of actvites (see note 7)
16,448
-
Share of support costs (see note 8)
3,529
-
Share of governance costs (see note 8)
3,131
720
130,047
3,931
Analysis by fund
Unrestricted funds
108,580
-
Restricted funds
21,467
3,931
130,047
3,931
For the year ended 31 December 2022
Unrestricted funds
94,957
-
Restricted funds
53,755
1,873
148,712
1,873		 Total
2023
£
72,426
705
4,099
7,747
8,313
163
2,620
1,289
653
500
1,336
10,067
232
-
110,150
16,448
3,529
3,851
133,978
108,580
25,398
133,978		 Total
2022
£
71,100
-
7,024
20,461
5,421
475
2,132
116
632
550
1,241
5,643
60
600
115,455
27,219
2,937
4,974
150,585
94,957
55,628
150,585
94,957
55,628
150,585

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

7 Grants payable

Church
actvites
Church
actvites
2023
2022
£
£
Grants to insttutons:
Countes
1,008
1,008
Open Doors
1,008
1,118
Friends Internatonal
1,008
1,008
PACE
720
720
Christchurch Food Bank
1,008
1,258
Twynham Tots
1,305
-
Tearfund Earthquake Appeal
443
-
World Horizons Earthquake Appeal
200
-
Mercy Ships
315
-
Grain of Wheat Internatonal
1,100
17,000
Counselling Together
208
250
Yana Foundaton
-
250
Lebanon Aid
100
-
Bible Society
124
-
Christmas Collecton
662
-
Royal Britsh Legion
-
46
Sim Internatonal Pakistan Flood Relief
-
267
Stewardship
1,039
953
Other
353
-
10,601
23,878
Grants to individuals
5,847
3,341
16,448
27,219		 Church
actvites
Church
actvites
2023
2022
£
£
Grants to insttutons:
Countes
1,008
1,008
Open Doors
1,008
1,118
Friends Internatonal
1,008
1,008
PACE
720
720
Christchurch Food Bank
1,008
1,258
Twynham Tots
1,305
-
Tearfund Earthquake Appeal
443
-
World Horizons Earthquake Appeal
200
-
Mercy Ships
315
-
Grain of Wheat Internatonal
1,100
17,000
Counselling Together
208
250
Yana Foundaton
-
250
Lebanon Aid
100
-
Bible Society
124
-
Christmas Collecton
662
-
Royal Britsh Legion
-
46
Sim Internatonal Pakistan Flood Relief
-
267
Stewardship
1,039
953
Other
353
-
10,601
23,878
Grants to individuals
5,847
3,341
16,448
27,219		 Church
actvites
Church
actvites
2023
2022
£
£
Grants to insttutons:
Countes
1,008
1,008
Open Doors
1,008
1,118
Friends Internatonal
1,008
1,008
PACE
720
720
Christchurch Food Bank
1,008
1,258
Twynham Tots
1,305
-
Tearfund Earthquake Appeal
443
-
World Horizons Earthquake Appeal
200
-
Mercy Ships
315
-
Grain of Wheat Internatonal
1,100
17,000
Counselling Together
208
250
Yana Foundaton
-
250
Lebanon Aid
100
-
Bible Society
124
-
Christmas Collecton
662
-
Royal Britsh Legion
-
46
Sim Internatonal Pakistan Flood Relief
-
267
Stewardship
1,039
953
Other
353
-
10,601
23,878
Grants to individuals
5,847
3,341
16,448
27,219
2023
£
1,008
1,008
1,008
720
1,008
1,305
443
200
315
1,100
208
-
100
124
662
-
-
1,039
353
10,601
5,847
16,448		 2022
£
1,008
1,118
1,008
720
1,258
-
-
-
-
17,000
250
250
-
-
-
46
267
953
-
23,878
3,341
27,219

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

8 Support costs

Support
costs
Governance
costs
£
£
Insurance
3,529
-
Accountancy and legal fees
-
3,851
3,529
3,851
Analysed between
Charitable actvites
3,529
3,851		 2023
£
3,529
3,851
7,380
7,380		 2022
£
2,937
4,974
7,911
7,911

Governance costs includes payments to the independent examiner of £2,700 (2022- £2,600) for independent examination fees.

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Trustees' expenses

One trustee (2022 - four) had expenses relating to general costs reimbursed during the year amounting to £125 (2022 - £63).

Trustees' donations

During the year the charity received donations of £15,654 (2022 - £17,230) from the trustees.

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

10 Employees

Number of employees

The average monthly number of employees during the year was:

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2023
Number
4
2023
£
69,102
455
2,869
72,426		 2022
Number
4
2022
£
68,050
679
2,371
71,100

Total Key Management remuneration for the year, including trustees remuneration detailed above, was £58,883 (2022 - £59,576).

There were no employees whose annual remuneration was £60,000 or more.

11 Tangible fixed assets

Freehold land
and buildings
£
Cost
At 1 January 2023
720,889
Additons
-
At 31 December 2023
720,889
Depreciaton and impairment
Depreciaton charged in the year
-
At 31 December 2023
-
Carrying amount
At 31 December 2023
720,889
At 31 December 2022
720,889		 Equipment
£
-
4,700
4,700
705
705
3,995
-		 Total
£
720,889
4,700
725,589
705
705
724,884
720,889

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

12 Investment property

Investment property
2023
£
Fair value
At 1 January 2023 and 31 December 2023 395,000

The Manse, previously occupied by the pastor, is now classed as investment property as it is now rented to a third party. The property was transferred from property, plant and equipment to investment property during 2016 at its previous valuation of £325,000. As at the 31 December 2016 the property was revalued by a Chartered Surveyor at £395,000 and a fair value adjustment was included in 2017. The Trustees believe that the value of the Manse at 31 December 2023 remains £395,000. No taxation is provided on the fair value adjustment due to the exemption available for the charity under Section 485 CTA 2010.

Freehold
13
Fixed asset investments		 2023
£
395,000		 2022
£
395,000
Listed
investments
£
Cost or valuaton
At 1 January 2023 & 31 December 2023 535
Carrying amount
At 31 December 2023 535
At 31 December 2022 535

There were no investment assets outside the UK.

The investment shown above is held at valuation.

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

14
Debtors
Amounts falling due within one year:
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Other taxaton and social security
Other creditors
Accruals and deferred income		 2023
£
100
2023
£
893
-
9,901
10,794		 2022
£
278
2022
£
819
51
6,190
7,060

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 January 2023
£
Youth Cafe
646
Special Gifs
83
Tithe
2,860
Litle Ladybirds
358
Link Building Fund
161,057
The Hive
512
Ladies Toilets
(334)
Youth worker
-
165,183		 Movement in funds
Incoming
resources
Resources
expended
£
£
3,436
(3,297)
13,597
(8,637)
8,731
(7,811)
924
(522)
30,040
(3,931)
-
-
334
-
1,200
(1,200)
58,262
(25,398)		 Transfers
Balance at
31 December 2023
£
£
-
785
(4,700)
343
-
3,780
-
760
-
187,166
-
512
-
-
-
-
(4,700)
193,349		 Transfers
Balance at
31 December 2023
£
£
-
785
(4,700)
343
-
3,780
-
760
-
187,166
-
512
-
-
-
-
(4,700)
193,349
193,349

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

16 Restricted funds

(Continued)

Youth Worker

Funds received to support the Youth Worker salary.

Special Gifts Fund

Funds are raised to support various organisations within the community.

Tithe Fund

10% of income from weekly offerings and standing orders are redistributed to charitable causes by the Elders.

Link Building Fund

Funds are raised for a new project designed to replace the existing building and add new facilities.

The Hive

The Hive is a toddler group. Parents are charged a small fee for each child and funds are spent on buying crafts and other items for the group.

Youth Cafe

Funds raised to covert the loft space into a Youth Cafe.

Ladies Toilet

Funds raised to cover the cost of refurbishing the ladies toilets. The deficit has been covered by fundraising costs received after date.

Other restricted funds

Other funds are set up as and when the Church considers necessary. They are usually one off funds and the income is expended once received.

Transfers between funds

During the year there have been small transfers between funds, the prior year includes a larger transfer from the Youth Cafe fund, representing building works to convert the loft into a Cafe.

TWYNHAM CHURCH FOR THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

1
Repairs		 Movement in
funds
Balance at
January 2023
Incoming
resources
Balance at
31 December 2023
£
£
£
1,651
-
1,651
1,651
-
1,651		 Movement in
funds
Balance at
January 2023
Incoming
resources
Balance at
31 December 2023
£
£
£
1,651
-
1,651
1,651
-
1,651
1,651

A designated repair fund has been created to meet future repair and maintenance expenditure on the buildings.

18 Analysis of net assets between funds

Unrestricted
2023
£
Fund balances at 31 December 2023 are
represented by:
Tangible assets
724,884
Investment propertes
395,000
Investments
535
Current assets/(liabilites)
53,084
1,173,503		 Unrestricted
2023
£
Fund balances at 31 December 2023 are
represented by:
Tangible assets
724,884
Investment propertes
395,000
Investments
535
Current assets/(liabilites)
53,084
1,173,503		 Restricted
2023
£
-
-
-
193,349
193,349		 Total
2023
£
724,884
395,000
535
246,433
1,366,852		 Total
2022
£
720,889
395,000
535
221,202
2023
£
724,884
395,000
535
53,084
1,173,503
1,337,626

19 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).