REGISTERED COMPANY NUMBER: 06298283 (England and Wales) REGISTERED CHARITY NUMBER: 1123880
Report of the Trustees and Unaudited Financial Statements
for the Year Ended 30 September 2023
for
All Nations Christian Centre (Wolverhampton)
The Accountancy Firm Limited The Coach House Church Road Oxley Wolverhampton West Midlands WV10 6AB
All Nations Christian Centre (Wolverhampton)
Contents of the Financial Statements for the Year Ended 30 September 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 7 |
| Independent Examiner's Report | 8 | ||
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Cash Flow Statement | 11 | ||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 19 |
All Nations Christian Centre (Wolverhampton)
Report of the Trustees for the Year Ended 30 September 2023
ALL NATIONS CHRISTIAN CENTRE (WOLVERHAMPTON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Company are for the benefit of the public:
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to advance the Christian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the directors from time to time may think fit.
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to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the directors from time to time think fit, and;
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to advance education in such ways and in such parts of the United Kingdom or the world as the directors from time to time may think fit.
Significant activities
The Trustees are satisfied with the progress made during the year in furthering the objectives of the Charity. The Church and wider All Nations family have continued to engage with worship, prayer, training, community and mission despite the continuing challenges of the transition in the ways of being church. We are grateful to acknowledge that the Charity is in a healthy position both financially and relationally, despite a reduction in income resulting from some members preferring to move to other churches operating in more traditional ways. A strong emphasis on upon our purpose as a Christian Church has been maintained.
All Nations is seeking to be fruitful in all areas in the coming years, particularly through transitioning the apostolic hub in Wolverhampton to being a community of disciples who make disciples, gathering in Home Churches as the primary context for Christian discipleship and outreach. We remain committed to care for the spiritual and physical needs of the communities in which members live. The leadership and the trustees see this transition as a response to the leading of the Holy Spirit rather than adopting a different model of church.
Currently, there are also open gatherings in person in on the site on the first and third Sundays of the month and on the last Thursday, Friday and Saturday evening each month. These give opportunities for larger numbers across the church family to gather, though our focus is increasingly on the Home Churches.
A major refurbishment of part of the site has been completed. This will enhance the use of the buildings - and the potential for income generation - by making more convenient space for hosting events of other Christian ministries and local organisations or businesses, provided the use is consistent with our work as a Christian church. We are seeking to work with other organisations so the buildings serve the needs of people in the city, particularly the more vulnerable or marginalised.
The Prayer Hub was a room on the site for corporate prayer until mid-March 2020. From April 2020, the "virtual Prayer Hub" became continuous, 24 hours a day and seven days a week, with prayer leaders and participants staying connected by use of social media and, where possible, together in small teams. This online Prayer Hub is open to other churches connected with the wider All Nations Movement. We have now re-opened a physical Prayer Hub as well, as a result the refurbishment, which is more conveniently accessed through a secure entrance from outside without needing to pass through other areas. We acknowledge with gratitude the considerable sacrifice on the part of many who participate in this prayer ministry, which is a significant underpinning of the life of the church and wider Movement.
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All Nations Christian Centre (Wolverhampton)
Report of the Trustees for the Year Ended 30 September 2023
The leadership teams of All Nations Church and the various campuses, together with the trustees, are moving towards each of the campuses operating through its own separate charity. This is in line with our vision for all to be involved in making disciples and to encourage Home Churches and local congregations (or groups of Home Churches) to take responsibility for mission in their areas. We aim to limit central control to the minimum required for developing relationships in the church-family, good governance and effective co-operation on larger projects. Grace Church (based in Pensett) has been operating as a separate legal entity for some time.Bridge Church (based in Straits, Gornal) and Lighthouse Church, Telford have been operating separately for some time but formally became independent on 1st October 2023 immediately after the year under review.
The Charity has facilitated the wider ministry of All Nations with churches and leaders who wish to belong to the All Nations family, a relational network.This has continued to grow in scale and importance. Fuel the Fire events have taken place in a number of regional locations around the UK and in the USA. The other opportunities for leaders and pastors to share together personally in small groups have continued online because of the geographical spread, which now includes several places in Poland and potentially other continental European locations.. The number making contact continues to grow. All Nations Movement, a Charitable Incorporated Organisation, has operated those activities, but in very close partnership with the church, sharing resources including staff and the Temple Street site.However, as noted in the Senior Pastor's report, the trustees of both charities have agreed the transfer of these operations from All Nations Movement to this Charity. This decision recognises the close connection of all these activities.
Public benefit
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit "Charities and Public Benefit." Members of the church have been encouraged to show Christian compassion by helping neighbours with particular needs. This has been done mainly through Home Churches, but some initiatives have been organised involving volunteers from across the church or individual campuses.
The site is made available to local organisations as well as the Church's direct care of those in the communities around. Local communities and the individuals who make up local communities are being helped in various ways, through prayer and the various pastoral and training ministries, youth clubs and activities addressing particular groups. The opening of a café in the premises has further enhanced the opportunities to serve members of various communities in the city.
Contributions from Volunteers
The Charity is dependent on the generous support of its volunteers in terms of giving time, money and prayer. The Trustees and the Leadership Team are extremely grateful to the All Nations Church family for their continued and generous support of the work of God through All Nations.
ACHIEVEMENT AND PERFORMANCE
REPORT OF THE SENIOR PASTOR
Introduction
The year under review continued to be a time of transition to embracing "new wineskins" and we are in a period of strengthening ready for growth. I am grateful to God and to all the many volunteers and staff for their hard work, much of which goes relatively unnoticed but is of great importance. Our vision and values remain unchanged but the way we work them out in practice is changing.
Public worship, prayer and preaching
We continue with our pattern of meeting together at the Temple Street premises on two Sunday mornings each month while placing increased emphasis on the home churches around the city. Some of these are located further afield and some are not in homes but in other convenient places in local communities; additionally Café Church happens in the Cup of Joy café at Temple Street.
I have previously reported on our move towards being a family of related home churches and away from the historic focus on public meetings on Sundays and some conference events. We continue to value opportunities for larger meetings as a context for encountering God's presence in worship and prayer, so we are currently meeting on the last Thursday, Friday and Saturday evenings of every month for 'Encounter Nights'. The reason for putting emphasis on small groups is so that discipleship can be worked out in local neighbourhoods through strong relationships. We are therefore making a priority of training as many of our members as possible in being and speaking Good News to neighbours, work colleagues and others we come into contact with.
Home Churches
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All Nations Christian Centre (Wolverhampton)
Report of the Trustees for the Year Ended 30 September 2023
We are not so much following a new model of church as seeking to be a disciple-making family and to release all members of the church to function in their spiritual and natural gifts. so we continue to pursue our vision to empower Home Churches as local congregations, typically small enough in number to be able to gather in a home, to reach out to their neighbourhoods and other social networks.
We aim to rediscover what New Testament Christianity might look like in our time and context.
-communities of Jesus-followers expecting to see God move in places they live and work
-small enough for people to know each other and be able to meet in homes
-outward looking and hospitable; welcoming all who are spiritually curious to encounter Jesus -linked rationally with the wider Body of Christ -committed to making disciples and multiplying.
This is clearly a long term process of discovery and experiment, but we seek to be wise in how we move forward, frequently re-affirming the vision and helping members engage with it. We are keen to help people make this transition and so continue in an unhurried way.
Youth
The youth work continues to flourish, gathering on the site for a mix of relationship building through fun events and games and prayer and worship. Among older teenagers and young adults we are actively developing Home Churches centred on particular age groups. We do not want groups to be exclusive but we recognise the importance of specific focus and peer support.
I am encouraged that many young people continue to serve in wider church life, including leading worship and facilitating services. We also value the relational connections between younger and older members of the church for the benefit of all.
Above all I am encouraged by the passion for prayer and wholehearted discipleship I see in the young people and am grateful for the commitment and example of those who lead the youth work.
Campuses
As I explained last year, our medium to long term aim is for the campuses to be a separate charitable entity and to be free to focus on its calling to a particular area or people group. We prefer each campus to become a "hub," comprising a number of Home Churches but will move carefully and without haste.
The former Telford campus, Lighthouse Church, became legally separate at the close of business on 30th September 2023, and I am delighted to say it is flourishing as a separate church.
The campus focused on people with learning disabilities continues to build community and draw out the gifts of this group of people. They have great gifts as well as particular challenges and we seek to reach more in this people group with the Good News of Jesus. We also continue to facilitate specific language congregations, currently for Punjabi and Mandarin speakers, but would like to be able to facilitate one or two other specific language groups.
Community outreach
Many of the Home Churches are active in serving needs in their neighbourhoods in different ways. Also as a whole church we have been able to touch the lives of people with particular needs through direct action or partnering with the local authority and some local charities to provide volunteer time and financial support. It is a high priority for us to be faithful to Jesus in caring for the poor and marginalised.
I want to pay tribute to the selfless and tireless efforts of many in All Nations in serving in these ways. We will continue to explore how we can partner with local authorities and other organisations.
Buildings
During the year we carried out a refurbishment of the foyer and mezzanine areas of the main building in the site as well as the office facilities. This has achieved a number of aims. First, we have ensured the building complies with current standards and is both convenient and safe for our meetings. Second, we aim to make more use of the premises in Wolverhampton to serve the wider local communities. Third, by improving the number and versatility of meeting rooms we are now seeing increased income from letting space to local organisations and companies that are consistent with our values as a Christian church. Fourth, we are providing spaces that can be used more efficiently by staff and volunteers for recording or as meeting and working spaces.
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All Nations Christian Centre (Wolverhampton)
Report of the Trustees for the Year Ended 30 September 2023
The cost was in the region of £480,000 and I am encouraged by the generous response of members in giving. The trustees also put loan finance in place, with the Christian funder and service provider Stewardship, who also refinanced the previous loan secured on the property. This enabled the work to proceed in a timely and convenient fashion but we will seek to repay loans as quickly as possible.
Connect Wolverhampton
We continue to make a priority of playing our part is developing unity in the wider Body of Christ. This is particularly seen through supporting the work of Connect which brings together leaders of many local churches for fellowship and arranges joint prayer or outreach events.
Leadership and Teams
I am very grateful to my wife Esther who has shared the Senior Leader's responsibilities with me increasingly over the last few years. I am also very grateful to our Leadership team and Home Church Leaders. They continue to do an outstanding job of supporting us in clarifying vision/direction and developing/mentoring leaders. We are blessed with mature, spiritual people in these teams and other volunteers in the church, who have in many instances given sacrificially of themselves and their time to serve the needs of others.
Since the year end there have been some changes in composition of the Leadership team. Ric Knott, who came from an Elim Church in New Zealand, has moved to a significant role with a large Elim church in Birmingham, so he and Marisa and their family are now worshipping as part of that community and stepped down from the team January 2024. I am grateful for the contribution they made as pastoral and worship leaders, as well as Ric's work as Executive pastor. Jason and Pam Van Haaster also stepped down from the team in preparation for their move back to Australia and again I am grateful for their contribution in training and inspiring many, and in particular for their key role in developing our strategy. Jason has also been invaluable in overseeing the refurbishment project with great energy and relevant experience.
The team of Overseers serving Home Church pastors are invaluable in this season of transition and we envisage the role continuing in future, perhaps with some change of emphasis as the transition proceeds.
The elders have a crucial (if largely unseen) role in the life of the church, because of their maturity as people and in their relationship with the Lord. Their spiritual wisdom is available to other leaders and members of the church on request. We do not see this team as part of the governance of the church in giving leadership and direction, but it is important for governance in the wider sense of enhancing our open culture.
The Trustees also provide a vital service of overseeing the legal and financial aspects of the church, and bring wide experience to church business as well as a prayerful and faith-filled approach.
Anyone may raise a concern with one of the elders or trustees and I am convinced that the easier it is for concerns to be expressed, and escalated if necessary, the less likely it is that the process will be needed.
Staff and Volunteers
Following Ric Knott's departure I am very pleased to report that we appointed Andrew Mumo as Hub Pastor, to lead the staff team. Andrew and Marcia Mumo have been part of the church for several years and have made a significant contribution to pastoral care and prayer leadership; they joined the Leadership team in September 2021. the change was an opportunity to reconsider the mix of roles and the necessary skills and experience of the staff team and Hub Pastor is a slightly different role from the previous Executive Pastor role because of the added responsibility for the operations fo the Movement.The organisation has been reviewed and we have agreed specific objectives with each of the staff members.
I am very grateful for all the hard work of volunteers and staff that have made possible all our outreach, discipleship, worship and service to so many people. We aim to raise up teams of volunteers for all aspects of church life and to keep the paid staff to the minimum required, where needed for particular skills or to release particular ministry gifts. All our past and current, paid and volunteer staff are committed to the vision and work extremely hard to fulfil it. I want to express heartfelt thanks to them all.
Leadership Development
The Leadership College continues our threefold approach to training of theological, practical and relational elements, so that we do not simply impart knowledge but address issues that arise in practice through small groups which provide a context for peer support and accountability.
The key aim is to raise and equip Home Church leaders and to develop some emerging 'Ephesians 4:11' ministries.
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All Nations Christian Centre (Wolverhampton)
Report of the Trustees for the Year Ended 30 September 2023
The core sessions are delivered online so that participants could be based in their own churches and contexts, but the small groups for peer support and processing the teaching together are a key element.
We have recently launched Immerse, a three month intensive, full time opportunity for training and equipping, due to commence in September 2024. The participants will be resident in Wolverhampton and with a high degree of interaction and practical experience we trust this initiative will live up to its name!
Storehouse is growing as a resource of e-courses and other training or reference materials to serve the All Nations Movement and beyond. The financial commitment is considered well worth the benefit of disseminating teaching that reflects All Nations' culture and helps equip pioneers and others in making disciples who make disciples.
All Nations Movement
The family of churches and ministries around All Nations continues to develop and we are finding a number of leaders in continental Europe wish to relate to the Movement.. We are seeking to build these connections on the basis of relationship rather than as an organisation. I continue to be encouraged that a number of those exploring links with the family have varying theological perspective and backgrounds, as we value unity in Christ highly as part of our preparation for revival ..
For those wanting to connect with the All Nations family and commit to shared vision and culture, we have a number of online "huddles" or small groups for peer support and some input from me or members of the Movement team. This structure is flexible and can be scalable as numbers increase. More important they have the potential to strengthen relational connections much more effectively than merely attending leaders' gatherings or conferences..
I am grateful to the Apostolic team that works with me to oversee the Movement, helping in developing the culture and discerning the prophetic direction. Some members lead other networks that are part of the wider family. We think of the whole Movement as a tribe comprising a number of clans, each with a number of church families.
All Nations Movement was established as a separate charity some years ago, when we thought the operations of a local church would need to be kept separate from the emerging new family of churches and networks. In practice we have found that the same resources of staff and volunteers are best serving both and as the local church develops into an apostolic hub there is much overlap in the operations.
The trustees of both charities have therefore been meeting jointly since mid-2022 and have now decided to transfer the operations of the Movement charity into this charity, with effect at the beginning of the current accounting year on 1st October 2023. These operations relate mainly to training, conferences and the costs of maintaining contact online and in person, and are a relatively modest part of the whole.In due course the Movement charity will be closed but the operations will still be separately accounted for and visible to the trustees and leadership.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 2 July 2007 and registered as a charity. The company was established under a Memorandum of Association which established its objectives and powers and is governed under its Articles of Association as amended by special resolution on 22 July 2010. In the event of the company being wound up members of the company are required to contribute an amount not exceeding £1.
Recruitment and appointment of new members and trustees
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As set out in the Articles of Association persons may be admitted to membership of the Company provided that they: - have by grace exhibited saving faith in the Lord Jesus Christ,
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have desired to worship and serve God in the context of the Statement of faith,
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are committed to promoting the Objects, and
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are nominated by the Senior Minister and approved by the majority of the members.
Friends and Associates of the Company may also be appointed by the directors if they think they are fit to be admitted. Friends and Associates do not have the right to speak or vote at general meetings of the Company.
The directors of the Company are the charity Trustees. The Board of Directors comprises the Senior Minister of the Church, together with such persons as the Senior Minister nominates and the directors appoint. A minimum of three directors should serve on the Board. Directors are not required to retire by rotation.
Organisational structure
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All Nations Christian Centre (Wolverhampton)
Report of the Trustees for the Year Ended 30 September 2023
The Senior Pastor, Steve Uppal, retains oversight of all church matters, but works with and is accountable to the Trustees and Leadership Team.
Trustees meet formally, usually four times a year, to discuss all financial and legal matters concerning the charity but also have regular dialogue in conversation and by email. The Trustees are Steve Uppal (Senior Pastor), Toyese Anifalaje, Angela Foster, Israel Moyo and Chris Horton (Chairman).
The Leadership Team are the Senior Pastor, Tom and Bethany Milne, Andrew and Marcia Mumo, Josh and Susie Raybould, and Esther Uppal. They oversee and lead all spiritual matters relating to the Church.
The small team of paid staff are led by Andrew Mumo, the Hub Pastor, together facilitate and implement the Leadership team's strategic direction through taking responsibility for::
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Management of volunteers and interns in key areas providing infrastructure for the church's activities
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Health and Safety
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Buildings and plant
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Administration and smooth running of the office to facilitate the vision of All Nations Church and Movement
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Media and Communications
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Business activities and contracts - including developing revenue from conference activities
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Events - Sunday meetings, conferences and any other meetings or events in the life of All Nations Church or Movement
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Financial management
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Compliance with legal and regulatory requirements
Elders are recognised as people of spiritual maturity and life experience who are available to advise leaders and others on request. They are free to raise any concerns with leadership or trustees and members of the church may raise any concerns with any of the team of elders. By seeking to create a culture of openness and providing several ways for any concerns or issues to be raised we believe governance is enhanced and the whole church is able to function better in line with the New Testament examples.
Induction and training of new trustees
Trustees are usually active members of All Nations Church but are encouraged to familiarise themselves with the Company's policies and operations and also with Charity Commission guidance. The Company Secretary provides advice on governance and the staff team provide information as needed.
Risk management
The Trustees review the major risks to which the charity is exposed and strategies are developed to mitigate these risks. The Trustees are aware of the risks associated with the scale of the premises owned, particularly in a city centre location and the loan finance secured on the land. They have also considered the risks associated with transition to becoming a network of Home Churches and the inevitable disruption.
Internal risks are minimised by attention to an open culture in line with the All Nations values and the implementation of proper processes and procedures. These procedures are regularly reviewed to ensure they remain appropriate.
Governance arrangements
The trustees adopted 'Good Governance: a code for the voluntary and community sector' and has reviewed all the governance arrangements, including the composition of the teams of leaders, volunteers and paid staff, and how they communicate and work together. The trustees have also considered how these may need to be changed and added to, as the scale of operations grows and there are increasing numbers of people involved in All Nations Church and the Movement.
STRUCTURE, GOVERNANCE AND MANAGEMENT
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06298283 (England and Wales)
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All Nations Christian Centre (Wolverhampton)
Report of the Trustees for the Year Ended 30 September 2023
Registered Charity number 1123880
Registered office
All Nations Christian Centre Temple Street Wolverhampton West Midlands WV2 4AQ
Trustees
I Moyo Mrs A L Foster S Uppal A Anifalaje C J Horton (appointed 14.2.23)
Bankers
Barclays Bank PLC Leicester, LE87 2BB
Company Secretary C J Horton
Independent Examiner
Mrs M P Posiwnycz FCCA The Accountancy Firm Limited The Coach House Church Road Oxley Wolverhampton West Midlands WV10 6AB
Approved by order of the board of trustees on 29 June 2024 and signed on its behalf by:
C J Horton - Trustee
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Independent Examiner's Report to the Trustees of All Nations Christian Centre (Wolverhampton)
Independent examiner's report to the trustees of All Nations Christian Centre (Wolverhampton) ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs M P Posiwnycz FCCA
The Association of Chartered Certified Accountants
The Accountancy Firm Limited The Coach House Church Road Oxley Wolverhampton West Midlands WV10 6AB
29 June 2024
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All Nations Christian Centre (Wolverhampton)
Statement of Financial Activities for the Year Ended 30 September 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Corporate Worship Administration Other trading activities 3 Investment income 4 Other income Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Corporate Worship Administration Other Total NET INCOME/(EXPENDITURE) Transfers between funds 20 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 757,993 4,573 - 2,893 4,397 8,000 777,856 5,687 270,381 310,325 7,320 593,713 184,143 (233,201) (49,058) 714,821 665,763 |
Restricted funds £ 135,075 40,201 - 12,508 1,507 - 189,291 81,811 104,151 36,610 53,470 276,042 (86,751) 233,201 146,450 961,224 1,107,674 |
30.9.23 Total funds £ 893,068 44,774 - 15,401 5,904 8,000 967,147 87,498 374,532 346,935 60,790 869,755 97,392 - 97,392 1,676,045 1,773,437 |
30.9.22 Total funds £ 815,518 - 1,000 10,040 4 - |
|---|---|---|---|---|
| 826,562 | ||||
| 100,190 152,998 432,490 - |
||||
| 685,678 | ||||
| 140,884 - |
||||
| 140,884 1,535,161 |
||||
| 1,676,045 |
The notes form part of these financial statements
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All Nations Christian Centre (Wolverhampton)
Balance Sheet
30 September 2023
| Notes FIXED ASSETS Tangible assets 14 CURRENT ASSETS Stocks 15 Debtors 16 Cash at bank CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 18 NET ASSETS FUNDS 20 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 373,916 - 55,323 279,408 334,731 (42,884) 291,847 665,763 - 665,763 |
Restricted funds £ 2,054,414 2,328 102,105 129,558 233,991 (68,744) 165,247 2,219,661 (1,111,987) 1,107,674 |
30.9.23 Total funds £ 2,428,330 2,328 157,428 408,966 568,722 (111,628) 457,094 2,885,424 (1,111,987) 1,773,437 665,763 1,107,674 1,773,437 |
30.9.22 Total funds £ 1,919,985 - 128,935 456,018 584,953 (82,599) 502,354 2,422,339 (746,294) 1,676,045 714,821 961,224 1,676,045 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 29 June 2024 and were signed on its behalf by:
C J Horton - Trustee
The notes form part of these financial statements
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All Nations Christian Centre (Wolverhampton)
Cash Flow Statement
for the Year Ended 30 September 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Finance costs paid Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
30.9.23 £ 524,675 (90) (65,409) 459,176 (508,345) 725 (507,620) (48,444) 456,018 407,574 |
30.9.22 £ 68,709 - (29,099) 39,610 - 4 4 39,614 416,404 456,018 |
|---|---|---|
The notes form part of these financial statements
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All Nations Christian Centre (Wolverhampton)
Notes to the Cash Flow Statement for the Year Ended 30 September 2023
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Interest paid Finance costs Reconciling items Increase in stocks (Increase)/decrease in debtors Increase in creditors Net cash provided by operations 2. ANALYSIS OF CASH AND CASH EQUIVALENTS Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year Total cash and cash equivalents 3. ANALYSIS OF CHANGES IN NET DEBT |
30.9.23 £ 97,392 - (725) 90 65,409 373,671 (2,328) (28,494) 19,660 524,675 30.9.23 £ 408,966 (1,392) 407,574 |
30.9.22 £ 140,884 61,784 (4) - 29,099 (285,185) - 100,784 21,347 68,709 30.9.22 £ 456,018 - 456,018 |
||
|---|---|---|---|---|
| At 1.10.22 | Cash flow | At 30.9.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 456,018 | (47,052) | 408,966 |
| Bank overdrafts | - | (1,392) | (1,392) |
| 456,018 | (48,444) | 407,574 | |
| Debt | |||
| Debts falling due within 1 year | (17,884) | (7,977) | (25,861) |
| Debts falling due after 1 year | (746,294) | (365,693) | (1,111,987) |
| (764,178) | (373,670) | (1,137,848) | |
| Total | (308,160) | (422,114) | (730,274) |
The notes form part of these financial statements
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All Nations Christian Centre (Wolverhampton)
Notes to the Financial Statements for the Year Ended 30 September 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
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 conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Improvements to property - 10% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 20% on reducing balance Computer equipment - 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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All Nations Christian Centre (Wolverhampton)
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
| 2. DONATIONS AND LEGACIES Donations Gift aid Legacies Grants Donated services and facilities Grants received, included in the above, are as follows: Other grants 3. OTHER TRADING ACTIVITIES Shop income Book sales Merchandise sales Other trading activities Cafe income 4. INVESTMENT INCOME Rents received Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Tutoring Corporate Worship Tickets and events income Corporate Worship Little Warriors income Corporate Worship Grants Corporate Worship Venue hire Administration Grants received, included in the above, are as follows: |
30.9.23 £ 738,332 123,040 31,696 - - 893,068 30.9.23 £ - 30.9.23 £ 80 9,570 2,938 252 2,561 15,401 30.9.23 £ 5,179 725 5,904 30.9.23 £ 200 40,997 156 3,421 - 44,774 30.9.23 £ |
30.9.22 £ 741,558 72,490 - 949 521 |
|---|---|---|
| 815,518 | ||
| 30.9.22 £ 949 30.9.22 £ 525 - - 9,515 - 10,040 30.9.22 £ - 4 4 30.9.22 £ - - - - 1,000 1,000 30.9.22 £ |
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All Nations Christian Centre (Wolverhampton)
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
6. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 30.9.23 | 30.9.22 | |
| £ | £ | |
| Staff costs | - | 4,899 |
| Video production | - | 226 |
| Support costs | - | 94,730 |
| - | 99,855 | |
| Other trading activities | ||
| 30.9.23 | 30.9.22 | |
| £ | £ | |
| Purchases | 6,437 | - |
| Merchandise purchases | 2,844 | - |
| Publishing and book expenses | 8,805 | - |
| Trustee book royalties | 4,022 | - |
| 22,108 | - | |
| Investment management costs | ||
| 30.9.23 | 30.9.22 | |
| £ | £ | |
| Administrative expenses | - | 83 |
| Communications printing | - | 252 |
| Support costs | 65,390 | - |
| 65,390 | 335 | |
| Aggregate amounts | 87,498 | 100,190 |
CHARITABLE ACTIVITIES COSTS
7.
| Corporate Worship Administration GRANTS PAYABLE Corporate Worship Administration |
Direct Costs £ 68,991 231,986 300,977 |
Grant funding of activities (see note 8) £ 18,455 - 18,455 |
Support costs (see note 9) £ 287,086 114,949 402,035 30.9.23 £ 18,455 - 18,455 |
Totals £ 374,532 346,935 |
Totals £ 374,532 346,935 |
|---|---|---|---|---|---|
| 721,467 | |||||
| 30.9.22 £ - 30,316 30,316 |
|||||
| 30,316 |
8. GRANTS PAYABLE
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All Nations Christian Centre (Wolverhampton)
Notes to the Financial Statements - continued
for the Year Ended 30 September 2023
9. SUPPORT COSTS
| SUPPORT COSTS | |||||
|---|---|---|---|---|---|
| Information | |||||
| Management | Finance | technology | |||
| £ | £ | £ | |||
| Investment management costs | - | - | - | ||
| Corporate Worship | 152,923 | 13,660 | - | ||
| Administration | 8,689 | 10,766 | 37,533 | ||
| 161,612 | 24,426 | 37,533 | |||
| Human | Governance | ||||
| resources | Other | costs | Totals | ||
| £ | £ | £ | £ | ||
| Investment management costs | - | 65,390 | - | 65,390 | |
| Corporate Worship | 120,503 | - | - | 287,086 | |
| Administration | - | 109 | 57,852 | 114,949 | |
| 120,503 | 65,499 | 57,852 | 467,425 | ||
| NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 30.9.23 | 30.9.22 | ||||
| £ | £ | ||||
| Independent Examiners' Fee | - | 1,800 | |||
| Depreciation - owned assets | - | 61,783 | |||
| Other operating leases | 6,937 | 3,150 |
10. NET INCOME/(EXPENDITURE)
11. TRUSTEES' REMUNERATION AND BENEFITS
S Uppal, a trustee received remuneration in the year amounting to £51,042.64, social security was £5,832.11 and employer's pension contributions £1,535.40. This remuneration was in respect of his employment as a senior minister
Staff Costs
No employees received emoluments in excess of £60,000
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.
12. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Management Ministry Administration |
30.9.23 £ 258,919 14,610 3,708 277,237 30.9.23 3 7 5 15 |
30.9.22 £ 248,670 11,367 4,899 |
||
|---|---|---|---|---|
| 264,936 | ||||
| 30.9.22 3 4 7 14 |
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All Nations Christian Centre (Wolverhampton)
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
12. STAFF COSTS - continued
No employees received emoluments in excess of £60,000.
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|
| fund | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 759,398 | 56,120 | 815,518 | ||
| Charitable activities | |||||
| Administration | - | 1,000 | 1,000 | ||
| Other trading activities | 9,515 | 525 | 10,040 | ||
| Investment income | 3 | 1 | 4 | ||
| Total | 768,916 | 57,646 | 826,562 | ||
| EXPENDITURE ON | |||||
| Raising funds | 48,230 | 51,960 | 100,190 | ||
| Charitable activities | |||||
| Corporate Worship | 150,906 | 2,092 | 152,998 | ||
| Administration | 367,064 | 65,426 | 432,490 | ||
| Total | 566,200 | 119,478 | 685,678 | ||
| NET INCOME/(EXPENDITURE) | 202,716 | (61,832) | 140,884 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 512,105 | 1,023,056 | 1,535,161 | ||
| TOTAL FUNDS CARRIED FORWARD | 714,821 | 961,224 | 1,676,045 | ||
| 14. | TANGIBLE FIXED ASSETS | ||||
| Improvements | |||||
| Freehold | to | Plant and | |||
| property | property | machinery | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 October 2022 | 2,212,652 | 18,920 | 272,226 | ||
| Additions | - | 485,834 | - | ||
| At 30 September 2023 | 2,212,652 | 504,754 | 272,226 | ||
| DEPRECIATION | |||||
| At 1 October 2022 and 30 September 2023 | 353,181 | 7,568 | 230,143 | ||
| NET BOOK VALUE | |||||
| At 30 September 2023 | 1,859,471 | 497,186 | 42,083 | ||
| At 30 September 2022 | 1,859,471 | 11,352 | 42,083 |
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All Nations Christian Centre (Wolverhampton)
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
14. TANGIBLE FIXED ASSETS - continued
| Fixtures and fittings £ COST At 1 October 2022 30,127 Additions 19,938 At 30 September 2023 50,065 DEPRECIATION At 1 October 2022 and 30 September 2023 27,348 NET BOOK VALUE At 30 September 2023 22,717 At 30 September 2022 2,779 15. STOCKS Stocks 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 19) Social security and other taxes Other creditors Pension control account 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 19) 19. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts Bank loans Amounts falling between one and two years: Bank loans - 1-2 years |
|
|---|---|
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All Nations Christian Centre (Wolverhampton)
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
19. LOANS - continued
| LOANS - continued | ||
|---|---|---|
| Amounts falling due between two and five years: Bank loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal |
30.9.23 £ 98,158 985,828 |
30.9.22 £ 93,124 |
| 625,647 |
20. MOVEMENT IN FUNDS
Description, nature and purpose of the restricted funds Building fund - A restricted fund for all income and expenditure relating to our property acquisition and building project.
Missions - A restricted fund for all income and expenditure relating to mission work, including REACH. REACH stands for Reaching Every Adult and Child Holistically and supports a project that works with vulnerable families in India.
Spiwe - A restricted fund to support a vulnerable member of the Church.
Grace Building Fund - A restricted fund for the purpose of building improvements at Grace Church. The balance represents the net book value of assets purchased with these funds.
Straits Community Church - A restricted fund held to be used only for mission activities or a building project for the benefit of the Straits and surrounding area as agreed by the Straits Campus Pastor and leadership team. Whitmore Reans Community Project - A restricted fund to support community work in the Whitmore Reans area of Wolverhampton.
Community Worker Telford - A restricted fund to support community work in the Telford area.
Transfers between funds were made as shown above.
21. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2023.
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