Charity Registration No. 1122666 Company Registration No. 06349990 (England and Wales) TWYNHAM CHURCH FOR THE COMMUNrTY ANNUAL REPORT AND uNAUDED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 BUSINESS ADVISORS S ACCOUNTANTS 10 Bridge Street Christchurch Dorset BH23 IEF
TWYNHAM CHURCH FOR THE COMMUNITY CONTENTS Page Company information Trustees, report Statement of trustees, responsibilities Independent examiner's report Statement of financial activities io Statement of financial position 11-12 Notes to the financial statements 13-26
TWYNHAM CHURCH FOR THE COMMUNITY LEGAL AND ADMIN15fRATIVE INFORMATION Trustees Mr S Crockford Mrj Dowds Mrs J Duffin Mr R Rutter MrCDuPuy Mrs J Preston IAppointed 29 January 20241 Charity number 1122666 Company number 06349990 RegiSted office 99 Barrack Road Christchurch Dorset BH23 2AL Independent examiner TC Group 10 Bridge Street Christchurch Dorset BH23 IEF
TWYNHAM CHURCH FOR THE COMMUNITY TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORn FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I 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 IFRS 1021" las amended for accounting periods commencing from l 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 Tru5tee5 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. Connect groups that are designed to provide both teaching and fellowship for Christians. Family-oriented artivities 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 l Families Worker. Regular activities for Seniors.
TWYNHAM CHURCH FOR THE COMMUNITY TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORll (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 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 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 DIREcfoRS' REPORll (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance At the beginning of 2024, 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. In 2024 we have seen an increase in attendance on Sunday morning with new people coming in almost weekly. Our youth work has continued to grow. The Youth Cafe for young people is particularly popular among upper junior school ages with over 25 attending weekly, though as the academic year ended a number ended their involvement as new younger children began to attend. 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 artivities on Wednesday afternoons and evenings. 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 for all ages of children. This has also grown over the course of the year. The midweek under 5s work called Twynham Tots and has continued to grow 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 one Alpha Group in the Autumn term. Alpha is a basic introduction to the Christian faith and wa5 attended by a good number of people thi5 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 continued to run a men's breakfast group 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, NHS retirement fellowship, NHS Diabetes Clinic. Pilates groups, an anxiety group, table tennis group and opportunities for other group events. 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 Link project. In September 2024 we commenced the build for phase l of the Link Projert with a £350,000 new hall being constructed. This was completed mid-2025 with ongoing fund raising for phase 2 to follow. Our Pastor Rob Watson was released to go on Sabbatical from the end of June to the end of September 2024 and was able to undertake a trip to Japan visiting a missions partner and preaching as well as exploratory trips to a large church in Ohio in the USA for fact finding and study at London School of Theology to bring into the Twynham setting.
TWYNHAM CHURCH FOR THE COMMUNITY TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORll (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review Income has increased by £116.275 in the year. £81.200 was received as a grant towards the Link building, and this is classed as restricted income. Regular donations have increased by £10,982, gifts and offerings by £14,450. Expenditure has increased by £29.043, with the majority increase being works to the Manse1£12,5461 and grants paid out1£3.989}. There was a total surplus for 2024 of £45,014 {2023: £29,226). At the 31 December 2024, part of the existing building had been demolished. value at 25% of the total church building and showing as disposals in the accounts1£72.0971. The new build was in progress and is included in Assets under Construction in the accounts at £160,798. Financial Risk Managernent 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 lincluding staffing}, a significant proportion of which is gift-aided. In addition, in 2024 there have been specific gifts and grants received to fund the new building. Reserves policy At the year end the charity had total reserves of £1,411.866. of which £316.676 were restricted. General unrestricted free reserves after removing tangible fixed assets and investment property amounted to £50,883. It is the policy of the Trustees to keep in reserve such sums of money that are adequate to meet essential expenditure for 3 period of approximately three months. Amongst other things, this covers staff ing costs and the c05t of utilities. At the year end the Church is holding in exce55 of three months expenditure as they are expecting extensive works to be undertaken in the coming few years.
TWYNHAM CHURCH FOR THE COMMUNITY TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORll (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Strurture, 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. 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 Mrj Dowds Mrs J Duffin Mr R Rutter Mrj Brinson MrCDuPuy Mrs J Preston {Resigned l April 20251 {Appointed 29 January 20241 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 elder5 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 DIREcfoRS' REPORll (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 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 Dowds Trustee 2410912025
TWYNHAM CHURCH FOR THE COMMUNITY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 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 fin3nci31 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- select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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 COMMLINrrY INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES or TWYNHAM CHURCH foR THE COMMUNITY I report to the trustees on my examination of the financial statements of Twynham Church For The Community Irhe chariryl forthe year ended 310ecember 2024. Respon51bllltles and bas15 of report As the trustee5 uf the charity land a15D it5 director5 for the puipu5e5 uf iompany lawl you are responsible for thc preparation of the financial statements in accordance with thc rcquirements of the Cgmpanies Act 2006 Ithe 26 Act). Having sati%figd myself that the financial statpments of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I reporr in respett 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 Dirertions given by the Charity Commission under section 14515llbl of the 2011 Art. Independent examiner's statement Since the charity's gross income exceeded E250.OLLJ your examiner murt be a member of a bodv listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed 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- atcounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of seaion 396 of the 2006 Act other than any requirement that the accounts give a true and fair vieMT which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prartico for accounting and reporting ty charities applicable to charities preparing their accounrs in accordance with the Flnanclal Reporring Standard appllcable in the UK and Republic cf Ireland IFRS 1021. I have no concerns and have Come across no other matters in connecfion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financi31 statements to be reached. fc ÉnT Lucy Filer TC Group 10 Biid¥E Street Christchurch Dorset BH23 IEF
TWYNHAM CHURCH FOR THE COMMUNITY STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE Accoupir FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds Totsl Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Notes Income from: Donations and legacies Other trading activities Investments 108,768 128,218 21,506 236,986 21,506 20,987 84,974 39,951 18,313 124,925 18,313 19,966 20,987 19,966 Total income 129,755 149.724 279,479 104,940 58,264 163,204 Expenditure on: Charitable activities Other expenditure 136,627 72,097 26,394 163,021 72,097 108,580 25,398 133,978 li Total expenditure 208,724 26,394 235,118 108,580 25,398 133,978 Net gainslllossesl on investments 12 653 653 Net income/(expenditure) 178,3161 123.330 45,014 13,6401 32,866 29,226 Transfers between funds 4,700 14,7001 Net movement in funds 178,3161 123,330 45,014 1,060 28,166 29,226 Reconciliation of funds: Fund balances at l January 2024 1.173,503 193.349 1.366.852 1.172,443 165,183 1.337,626 Fund balances at 31 December 2024 1.095,187 316,679 1.411,866 1.173,503 193,349 1,366,852 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 10-
TWYNHAM CHURCH FOR THE COMMUNITY STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible asset5 Investment properties Investments 14 15 16 810,102 395,000 2,539 724,884 395,000 535 1.207,641 1.120,419 Current assets Debtors Cash at bank and in hand 17 206 212.267 100 257.127 212.473 257.227 Creditors: amounts fallin8 due within one year 18 18,2481 110,7941 Net current assets 204,225 246,433 Total assets less current liabilities 1.411,866 1.366,852 Income funds Restricted funds Unrestricted funds Designated funds General unrestricted funds 20 316,679 193,349 21 1.651 1,171.852 1.095.187 1.095,187 1.173,503 1.411,866 1.366,852 11
TWYNHAM CHURCH FOR THE COMMUNITY STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT31 DECEMBER 2024 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 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The member5 have not required the company to obtsin 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 . 2410912025 Mr J Dnwd Trustee Company Registration No. 06349990 12-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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, Christchurch. Dorset, BH23 2AL. England. 1.1 Accountin8 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 IFRS 1021" las amended for accounting periods commencing from l January 20161. 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 I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterlin& 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. Imodified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. l.Z 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 ba515 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. 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 or grantors 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. 13-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) income from donations. grants or fundraising are recognised when there is evidence of entitlement to the gift/income. receipt is probable and its amount can be measured reliably. Where terms or conditions are attached to the grant. income is only recognised to the extent that the chaiity has provided the specified goods or services. legacy income is recognised when receipt is probable and entitlement is established. rental income is measured at the amount receivable for the period. all other income is recorded gross when receivable. 1.5 Resources expended Expenditure is recogni5ed once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charge5 are allocated on the portion of the asset'5 use. 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 in settlement 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 condition5 which have not been met at the year end date are noted as a commitment but not accrued a5 expenditure. 1.6 Tangible fixed assets Tangible fixed assets for use by the charity are capitalised if they cost at least £500 and can be used for more than one year. Freehold land and buildings Equipment Land - No depreciation charged. Buildings - Over 75 years 15% reducing balance The Trustees have re-assessed the basis upon which land and buildings are depreciated. Neither land or buildings have previously been depreciated as the market value was deemed to be in excess of the carrying value. The trustees have reviewed this and now consider the useful life of the buildings to be 75 years and will depreciate the building element. deemed to be 40% of the property value. on this basis. 14-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 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 recogni5ed in net incomellexpenditurel for the year. Transaction costs are expensed as incurred. 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 lif 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. 15-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donations and legacies Unrestrirted funds Restrirted funds Totsl Total 2024 2024 2024 2023 Donations Gifts Grants Gift aid Tithe Other income 66.905 17,979 66,905 52,996 81,200 16,641 10,811 8.433 55,923 38,546 35,017 81,200 1,190 10.811 15,451 14,281 8,731 7,444 8.433 108.768 128.218 236,986 124,925 84.974 39,951 124,925 Income from other trading activities Restricted Restricted funds 2024 funds 2023 Fundraising events 21,506 18,313 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Rental income 20,840 147 19,820 146 Income from listed investments 20,987 19,966 16-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitsble activities Church Supporting artivities individuals and charitie5 2024 Total 2024 Total 2023 2024 Staff costs 77,779 3,483 7,088 11,144 5,988 77,779 3,483 7,088 11,144 6,567 72,426 705 Depreciation and impairment Light and heat Housekeeping and maintenance Other office costs Outreach Sunday school and youth activities Sundry Pastor expenses Speaker expenses Licences 4,099 7,747 8,313 163 2,620 1,289 653 579 2,883 963 1,084 300 2,883 963 1,084 300 500 911 911 1,336 10,067 232 Manse Training 22,613 99 22,613 99 134,335 579 134,914 110,150 Grant funding of activities Isee note 61 20,437 20,437 16,448 Share of support costs (see note 71 Share of governance costs (see note 7} 4,019 3,651 4,019 3,651 3,529 3,851 162,442 579 163,021 133,978 Analysi5 by fund Unrestricted funds Restricted funds 136,627 25,815 136,627 26,394 108,580 25,398 579 162,442 579 163,021 133,978 For the year ended 31 December 2023 Unrestricted funds Restricted funds 108,580 21,467 108,580 25,398 3,931 130,047 3,931 133,978 17-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable Church artivities Church activities 2024 2023 Grants to institutions: Counties 756 1,008 1,008 1,008 720 1,008 1,305 443 200 315 Open Doors Friends International 1,008 1,008 1,270 1,008 PACE Christchurch Food Bank Twynham Tott5 Tearfund Earthquake Appeal World Horizons Earthquake Appeal Mercy Ships Grain of Wheat International 1,000 I,ioo 208 Counselling Together British Red Cross Lebanon Aid Christmas Collection Stewardship Other 500 1,449 396 1,039 9,236 1,039 1,240 18,670 10,601 Grants to individuals 1,767 5,847 20,437 16,448 18-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs Support Governance costs costs 2024 2023 Insurance 4,019 4,019 3,529 Accountancy and legal fees 3,651 3,651 3,851 4,019 3,651 7,670 7,380 Analysed between Charitable activities 4,019 3,651 7,670 7,380 Governance costs includes payments to the independent examiner of £3,000 {2023- £2,700) for independent examination fees. Net movement in funds 2024 2023 The net movement in funds is stated after char8in8llcreditingl: Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 3.483 72.097 705 Trustees None of the trustees {or any persons connected with them) received any remuneration or benefits from the charity during the year. Trustees, expenses Two trustees12023 - one) had expenses relating to general costs reimbursed during the year amounting to £22012023- £1251. Trustees, donations During the year the charity received donations of £19,637 (2023 - £15,654) from the trustees. On 20108124, one trustee made a loan of £16,000 to the charity. This was repaid in full on 28110124 and no interest was charged. 19-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees Number of employees The average monthly number of employees during the year was= 2024 2023 Number Number Employees Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 74.086 475 3.218 69,102 455 2,869 77.779 72,426 Total Key Management remuneration for the year, including trustees remuneration detailed above, was £61,13912023- £58,883). There were no employees whose annual remuneration was £60.000 or more. 11 Other expenditure Unrestricted Unrestricted funds funds 2024 2023 Net loss on disposal of tangible fixed assets 72,097 12 Gains and losses on investments Unrestricted Unrestricted funds funds 2024 2023 Gains/llossesl arising on.. Revaluation of investments 653 -20-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 14 Tangible fixed assets Freehold land and buildings Assets under constnKtion Equipment Total Cost At l January 2024 Additions Disposals 720,889 4,700 725,589 160,798 172,0971 160,798 172,0971 At 31 December 2024 648,792 160,798 4,700 814,290 Depreciation and impairment At l January 2024 Depreciation charged in the year 705 599 705 3,483 2,884 At 31 December 2024 2,884 1,304 4,188 Carrying amount At 31 December 2024 645,908 160,798 3,396 810,102 At 31 December 2023 720,889 3,995 724,884 15 Investment property 2024 Fair value At l January 2024 and 310ecember 2024 395,000 The Manse, previously occupied by the pastor, is held as an 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 2024 remains £395,000. No taxation 15 provided on the fair value adjustment due to the exemption available for the charity under Section 485 CTA 2010. 21
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Investment property (Continued) 2024 2023 Freehold 395,000 395,000 16 Fixed asset investments Listed investments C05t or valuation At l January 2024 Additions Valuation changes 535 1,351 653 At 31 December 2024 2,539 Carrying amount At 31 December 2024 2,539 At 31 December 2023 535 There were no investment assets outside the UK. The investments shown above are held at valuation. 17 Debtors 2024 2023 Amounts falling due within one year: Prepayments and accrued income 206 loo -22-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Creditors: amounts falling due within one year 2024 2023 Other taxation and Social security Accruals and deferred income 847 7,401 893 9,901 8,248 10,794 19 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 3,218 2,869 The charity operates a defined contribution pension scheme for all qualifying employees. -23-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subjert to specific conditions by donors as to how they may be used. Movement in funds Incoming Resources Balance at expended 31 December 2024 Balanre at l January 2024 Youth Cafe Special Gifts Tithe Twynham Tots (previously Little Ladybirds) Link Building Fund Youth worker 785 2.336 17.380 10.811 2.263 115.794 1.140 12,2651 112.4151 18.0221 11.9731 15791 11.1401 856 344 5,309 6,570 1,562 302,382 3.781 1.272 187.167 193,349 149,724 {26,3941 316,679 Youth Worker Funds received to support the Youth Worker salary. Special Gifts Fund Funds are raised to support various organisations within the community- rithe Fund IO°A of income from weekly offerings and Standing orders are redistributed to charitable causes by the Elders. Twynham Tots (previously Little Ladybirds) Funds raised for the baby and toddler group. Link Building Fund Funds are raised for a new project designed to replace the existing building and add new facilities. Youth Cafe Funds raised to covert the loft space into a Youth Cafe. 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 work5 to convert the loft into a Cafe. -24-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subjert to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l January 2024 Incoming resources Resources expended Transfers Gains and losses At31 December 2024 Repairs General funds 1.651 1,171,852 11.6511 1207.0731 129,755 653 1,095,187 1,173,503 129,755 1208,7241 653 1,095,187 Previous year: At l January 2023 Incoming resources Resources expended Transfers Gains and losses At31 December 2023 Repair5 General funds 1,651 1,170,792 1,651 1,171,852 104,940 1108,5801 4,700 1,172.443 104,940 108.580 4,700 1.173,503 A designated repair fund had been created to meet future repair and maintenance expenditure on the buildings, and has been expended in 2024. 22 Analysis of net assets between funds Unrestricted funds 2024 Restrirted funds 2024 Total 2024 At 31 December 2024: Tangible assets Investment properties Investments 649,304 395,000 2,539 48,344 160.798 810,102 395,000 2,539 204,225 Current assetsllliabilitiesl 155,881 1.095,187 316.679 1.411,866 -25-
TWYNHAM CHURCH FOR THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Analysi5 of net assets between fund5 (Continued) Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assets Investment properties Investments Current assetsllliabilitiesl 724,884 395,000 535 53,084 724,884 395,000 535 246,433 193,349 1,173,503 193,349 1,366,852 23 Related party transactions There were no disclosable related party transactions during the year12023 - none}. -26-