ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
MAYBRIDGE COMMUNITY CHURCH
CHARITY REGISTRATION NUMBER 1134489
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
MAYBRIDGE COMMUNITY CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
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Legal and Administrative Information 3
Trustees' Report 4 to 7
Independent Examiner's Report on the Accounts 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 to 19
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MAYBRIDGE COMMUNITY CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1134489
START OF FINANCIAL YEAR
01 January 2023
END OF FINANCIAL YEAR 31 December 2023
TRUSTEES AT 31 DECEMBER 2023
Mr Stephen Tucker (Resigned as trustee and chair 19th June 2023 Ms Eleanor Langridge (Appointed chair 19th June 2023) Mr Jané Alam Sheikh Ms Emily Bellenie Mr Christopher Kronda Mr Timothy Ransley
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
LEGAL STATUS Unincorporated Charity registered 24 February 2010.
In the process of changing status to become a CIO. The CIO has been registered (number 1196830) but is currently inactive.
GOVERNING INSTRUMENT Scheme of the Charity Commission 19 April 2002 as amended by scheme of the Charity Commission 3 November 2009 and a resolution of the trustees 14 December 2009 as affirmed by the membership 12 January 2010.
REGISTRATION DATE
24th February 2010:Standard registration.
OBJECTS
1a) Furtherance of the Christian religion by the provision and maintenance of a place for the public worship of God for use by partners, members and attendees of the church; and
1b) The promotion of other charitable purposes in accordance with the statement of faith of the church for the time being
2) the land identified in Part 2 of the schedule to this scheme must be retained by the trustees for use for the objects in clause 1.2.
CORRESPONDENCE ADDRESS 77 The Strand Goring-by-Sea Worthing BN12 6DR PRIMARY BANKERS HSBC Bank plc 16 Goring Road Worthing West Sussex BN12 4AW
INDEPENDENT EXAMINER
Gary Schulz Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
3
MAYBRIDGE COMMUNITY CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023
Objectives and Activities
Summary of the purposes of the charity as set out in its governing document The objects of the Church are:
(a) the furtherance of the Christian religion by the provision and maintenance of a place for the public worship of God for use by partners and attendees of the church
(b) the promotion of other charitable purposes in accordance with the Statement of Faith of the church.
Summary of the main activities.
Sunday Church services
There are three Sunday services. They are freely open to all, providing people of all ages a range of styles and opportunities for the public worship of God, learning about the Christian faith, welcoming newcomers, and building a sense of community.
8.30 am Breakfast Church service is an informal round table discussion with breakfast
11.00 am Mid-morning service with a full programme of children and youth activities. The children’s activities take place in the Keystone Centre, a community building situated just a few hundred metres from the church building.
6.00 pm Evening service called ‘The Six’, followed by a youth gathering called ‘Amplify’.
In addition, the sermons from the services were freely available on our website and podcast providers. Other resources and materials related to the services were also made available on the website.
Mid-week activities
Events for children and families
Tots and Tinies, a weekly parent and toddler group during term time for local parents with pre-school children to meet together and for their children to play and undertake activities such as craft and singing; Midweek Mash-Up, a weekly after school club for primary aged children; a Parenting Courses for parents and carers looking at parenting themes.
There is also a monthly Connect Group. This is for parents/carers of children with Special Educational Needs. It provides a space to meet and chat with other parents who are going through similar challenges.
Each year we hold a Summer Holiday Club for 5-11s which is attended by over 50 children from the local area.
Events for youth
Weekly term time youth group called ‘Elevate’ on a Wednesday evening for younger teens. Elevate also met on a Sunday morning at the 11 am service at The Keystone Centre.
On a Sunday evening the older youth group ‘Amplify’ had its gatherings, following the evening service.
On Tuesday evenings there is a ‘Grow Group’ for those young adults who want to explore more and mature in the Christian faith.
Events for seniors
There is a weekly “Fun For Seniors” meeting and “Soup For The Soul” a light lunch followed by a guest speaker and worship.
Community activities
The church provided pastoral care to those in need, enabled prayer sessions at the church building and in people’s homes, and supported around 25 home groups (known as Partnership Groups) meeting across Worthing. These groups were to enable people to learn together about following Jesus and provide support to each other.
Maybridge Community Church, worked with other local churches, supporting refugee families through the separate charity called ‘Worthing 4 Refugees’.
Pastoral support provided for those in the community in need or seeking the care and support of a minister or church, and a Care Fund provided financial support to those in need in the church and beyond.
From August 2020 we have taken on the Boxes of Hope project for this part of Worthing that was developed by Transforming Lives for Good. Despite the pandemic this was continued in 2021 and changed to Bags of Hope. The cost of living crisis has meant that work has continued in 2023. We mobilised volunteers from within and outside the church to enable those in the local area in need to obtain free bags of food, household items, games and recipes. Some were self-referred or referred by friends, others were referred by partner agencies or local service providers. Voluntary donations were provided, in food or funds so that it was free at the point of need.
The church building is owned by the church but had been shared during the week with the West Sussex County Council to run the Maybridge Children and Family Centre. This was stopped during the pandemic. When restrictions were eased, the Children and Family Centre didn’t reopen and the contract officially ended in September 2022. As a result, many of the activities, information and support is now being provided by the church.
During the January to March 2023 and again in December 2023, Maybridge Community Church has opened its doors every Saturday to prove a Warm Space to anyone in the community to escape from the cold winter days to have a drink, a light cooked meal, games, craft and meet with others.
4
MAYBRIDGE COMMUNITY CHURCH
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
Community activities continued
When free, the church building has been hired by the local community with support for refugees, learning English as a second language, foster care support, etc. In addition the church building was used to hold rites of passage ceremonies such as baby dedications, weddings, funerals and thanksgiving services.
Other events and activities
Social gatherings, learning opportunities and community events organised or facilitated by the church included:
-
Events to explore, discover and celebrate the main Christian festivals
-
‘Alpha’ course for those exploring life, Christianity and faith
-
Aspire Ladies Group is an opportunity for women to worship, go deeper with God and connect with one another.
-
The Men’s Group is an opportunity for men to get together from games evenings to DIY days.
-
On Sunday 7[th] May we held a Coronation Party to celebrate the coronation of Charles III. This bring and share lunch, with activities for children, was open to all in our community
-
Each September we hold a celebration called Homecoming. Once again this was open all in our community and included activities for all ages.
The church website continued to provide information to the public and church users about the activities of the church, our role in the community, information the Christian faith and explanations about how to be involved in church life. The church has over 880 followers (800 in 2022) on its Facebook page and over 200 Instagram followers (170 in 2022) and over 250 subscribers (same as 2022) to its YouTube Channel.
A magazine called M is published twice a year by the church and is distributed free of charge to around 800 homes in the neighbourhood.
A range of courses and other opportunities for those wanting to develop their understanding of the Christian faith and deal with issues from their past or present that may be holding them back were postponed during 2021 due to the pandemic, but they have gradually been reintroduced in 2022 and 2023.
Review of the charity’s financial position at the end of the period
General & Designated Funds
In 2023 expenditure exceeded income by £5,694 excluding depreciation. Depreciation was £15,962 in the year making the total £21,656 in the General/Designated Funds (£19,998 surplus in 2022).
The net assets in the fund decreased to £524,182 (£559,353).
Restricted Funds
In 2023 the net outgoing resources were £30,273 in the Restricted Funds. (£23,455 in 2022).
Bank Account
The bank balance, including petty cash, at the year-end was £243,870 (£286,348 in 2022).
Reserves
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity’s needs. This is based on the church’s size and the level of financial commitments held. The Trustees aim to ensure the church will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
Financial Summary
The net assets of the church are £564,340 (£616,269 in 2022).
Despite a challenging year, with the cost of living crisis putting more demand for our services, we still managed to have the regular donations at around the same level. However, other sources of income fell during the year while expenditure rose. Inflation has meant that just doing the same a last year has cost considerably more. The restricted funds have accumulated money from previous years. However, it is right that money is now spent for the purpose it was intended, often helping and supporting those who have been most affected by the economic situation. We are grateful to God for his provision to us to enable this to happen. However this does mean a significant shift in net assets as the deficit in the general fund is combined with the spending from the restricted fund.
The priorities and programme of the church for the year are drawn up by the leadership team and agreed, monitored and evaluated by Elders and Trustees. In agreeing the priorities and programme of the church for the year, Trustees paid due regard to the Public Benefit guidance issued by the Charity Commission, in particular the specific guidance on charities and the advancement of religion.
5
MAYBRIDGE COMMUNITY CHURCH
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
Summary of the main achievements.
The work of the church, as described above, furthered the Christian religion through the provision of a wide range of gatherings (onsite and online), events and community opportunities for people to explore, learn, grow and live out the Christian faith as part of a local community. The church was well attended provided for all ages and stages of faith (or those with none), continued to develop new initiatives and respond to opportunities, and undertook a range of community projects and programmes. The church building has been used, generally speaking, 7 days a week, including most evenings, for charitable purposes.
The church employed a full time worship and communications leader in 2023.
The membership of the church is called partnership. Every September, partners are require to renew their partnership. There were 207 partners in September 2022 which had fallen to 200 by 2023. This excludes children, actively participating non-partners, and those considering becoming a partner in the future. However, the average monthly congregation has significantly increased from 552 in 2022 to 719 in 2023.
Global mission support was provided to six specific charities and projects around the world:
-
Tearfund (Global Christian relief and development charity)
-
Pursuit International (Christian charity working with young adults in Kolkata, India)
-
AWM-Pioneers (Christian charity providing support in Arab nations)
-
Open Doors (Christian charity supporting the persecuted church)
-
Amplifying Voices (Global charity equipping communities with media tools, to get people talking, listening, and taking action, to improve local health, well-being and resilience).
-
Emmanuel Ministries Calcutta (Relief and development charity working in Kolkata’s slums, provision of education, drug rehabilitation, community care and church ministry) in Kolkata, India.
In addition, the Church responded to DEC appeals.
Summary
This programme of teaching, facilitation of activities, provision of resources and enabling of people to respond to the challenges and opportunities of the Christian faith has been the main ways Maybridge Community Church fulfilled its objects and purpose statement.
6
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MAYBRIDGE COMMUNITY CHURCH
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 9 to 19.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Maybridge Community Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of Maybridge Community Church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since Maybridge Community Church‘s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Maybridge Community Church as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
…………………………………………
Date: 15 March 2024
G W Schulz ACMA
Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
8
MAYBRIDGE COMMUNITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| Notes INCOMING RESOURCES Donations & Legacies 3a Investment Income 3b Charitable Activities 3c Other Income 3d TOTAL INCOMING RESOURCES Costs of Charitable Activities 4 NET INCOMING/(OUTGOING) RESOURCES TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD RESOURCES EXPENDED NET MOVEMENT IN FUNDS TOTAL RESOURCES EXPENDED TRANSFERS BETWEEN FUNDS |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2023 2022 £ £ £ £ 255,738 11,453 1,639 268,829 286,248 2,809 - - 2,809 496 4,970 - - 4,970 15,317 1,703 1,932 276 3,911 1,528 |
|---|---|
| 265,219 13,385 1,915 280,519 303,587 |
|
| 283,078 43,658 4,722 331,458 307,043 |
|
| 283,078 43,658 4,722 331,458 307,043 |
|
| (17,859) (30,273) (2,808) (50,940) (3,456) (14,160) 13,514 646 - - |
|
| (32,019) (16,759) (2,161) (50,940) (3,456) |
|
| 557,170 56,917 2,183 616,270 619,726 |
|
| 525,151 40,158 21 565,330 616,270 |
All of the Charity's operations are classed as continuing operations.
The notes form part of these financial statements, found on pages:-
11 to 19
9
MAYBRIDGE COMMUNrrY CHURCH BALANCE SHEET ASAf 31 DECEMBER 2023 utsre5trt Fund Restrted Funds Total Total 31-Dec-23 31-Dec-22 Flxed Asse15 ran91b AsSLts lTrvestment Assets Nrtes 321.985 321,985 331.236 321985 321985 331 236 Cwrent Awts Debtors & Wepaymenrs ash at bank and hand 1,563 203.712 1,563 243.870 228 286,348 40.158 Toial Curt*rt ASStts 245 433 CredltOTS: due wff(hln one year io 2P89 23)89 1.542 NET CURRENT ASSETS 203.187 40.158 243.344 285,034 TOTAL ASSETS Jess curra)t lablkles 525,172 40,158 565.330 616.270 Crelltors: due li more than one ye¥ NET ASSÈTS 616 FUNDS OF THE CHARITY GenLYal Funds ReslrKled funds DEslgnaltyl Funds 525.151 525.151 40,158 557,170 56,917 2,183 40,158 21 TOTAL FUNDS 616 270 15 March 2024 Appr by the Truste on the.......................................-........................-.......-......-.......-............................. Slgned OTh thelr behalf by Trustee.......... Stint Mame.. ..£..F4.,kftrlAeJ.OA&.............. io
MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
Basis of preparation:
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2022.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
-
the charity becomes entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
Incoming Resources with Related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.
Volunteer Help
The value of any voluntary help received is not included in the accounts and is described in the Report of the Trustees.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
This page does not form part of the statutory financial statements
11
MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Fund Accounting
Funds held by the charity are either:
1. Unrestricted funds
These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.
2. Restricted funds
These are funds that can only be used for particular restricted purposes within the objects of the charity.
3. Endowment funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fixed Assets
i) The church and halls buildings are included in the accounts at the original construction cost.
ii) The freehold land is subject to a pre-emption clause, contained in a Land Registry Transfer dated 18th June 1968 (modified by a Deed of Variation dated 31st January 2005 and a Deed of Release and Consent dated 12th November 2008), which provides that if, during a period of 80 years from 18th June 1968, the buildings shall cease to be used as a church, the Worthing Borough Council can purchase the land and buildings for £1,250 together with a sum representing the open market value of the buildings. Thus, the freehold land has been included in the accounts at £1,250. Title Absolute is held by The Official Custodian for Charities on behalf of Maybridge Community Church.
iii) Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost.
iv) Tangible fixed assets, acquired out of restricted funds, are transferred to and held in unrestricted funds following the discharge of the relevant restriction.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
| Land & Buiildings | 2% |
|---|---|
| Fixtures & Fittings | 10% |
| Computers & Equipment | 20% |
There has been no change to the accounting polices (variation rules and methods of accounting) since last year.
This page does not form part of the statutory financial statements
12
MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
2. TANGIBLE FIXED ASSETS
| Additions 44562 Net Book Value 44562 (2022 - None) 44562 Accumulated Depreciation 1st January 2022 Charge for the Year Cost 1st January 2022 |
Computers & Equipment Fixtures & Fittings Land & Buiildings 2023 £ £ £ £ 13,550 19,858 593,800 627,208 6,712 - - 6,712 |
|---|---|
| 20,262 19,858 593,800 633,920 |
|
| 12,156 10,288 273,529 295,973 2,125 1,986 11,851 15,962 |
|
| 14,281 12,274 285,380 311,935 |
|
| 5,981 7,584 308,420 321,985 |
|
| 1,394 9,570 320,271 331,235 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st December 2023 : None
31st December 2022 : None
This page does not form part of the statutory financial statements
13
MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
3. INCOMING RESOURCES
| 3. INCOMING RESOURCES | |
|---|---|
| Note c) Activities for Generating Funds d) Income from church activities Photocopying Refreshments Staff Training & Development Children and Families Events Premises Hire income Grant money b) Investment Income Bank interest a) Donations & Legacies Offerings Tax Recovered Gift Days, Appeals etc. Other |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2023 2022 £ £ £ £ 199,278 11,453 1,639 212,370 223,390 37,435 - - 37,435 45,296 15,738 - - 15,738 17,416 1,787 - - 1,787 145 1,500 - - 1,500 - |
| 255,738 11,453 1,639 268,829 286,248 |
|
| 2,809 - - 2,809 496 |
|
| 2,809 - - 2,809 496 |
|
| 4,970 - - 4,970 2,368 |
|
| 4,970 - - 4,970 15,317 |
|
| 28 - - 28 128 149 - - 149 77 - - - - 165 1,527 - - 1,527 1,157 - 1,932 276 2,208 - |
|
| 1,703 1,932 276 3,911 1,528 |
This page does not form part of the statutory financial statements
14
MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
4. RESOURCES EXPENDED
| Note Designated and Restricted Funds Parish Nursing Project Arab World Ministries Events Mission Global/Local/Other- Restricted Gifts /Strand Building Fund Website and Database Staff Employment Costs:- Youth - Amplify Provision Office costs:- ICT Costs Membership Subscriptions Ministry-DBS Disclosure Costs Guest Speakers Publicity Refreshments Ministry:Sunday special events Socials and Clusters Special Pastoral Support Volunteer Appreciation Finance:- Accounting & Payroll Rent Electricity Gas Water Bank account fees Stripe/GC/Givt Fees Ministry:- Alpha Church Services Discipleship Resources Staff - Salaries Staff - Pension costs Staff - PAYE Children & Family:- Children and Families Craft Amplifying Voices Governance costs:- Office Supplies Photocopier Telephone & Internet Care:- Hospitality DBS Disclosure Costs Equipment and Fittings Health and Safety Insurance Maintenance Service Contracts Charitable Activities:- Depreciation Building:- Cleaning Materials Independent Examiner's Fees |
Unrestricted Restricted Designated Total Total Funds Funds Funds 2023 2022 £ £ £ £ 15,962 - - 15,962 15,468 974 - - 974 694 - - - - - 555 - - 555 1,232 353 - - 353 744 2,922 - - 2,922 2,729 382 - - 382 1,161 4,523 - - 4,523 2,546 2,678 - - 2,678 3,940 2,701 - - 2,701 2,234 2,548 - - 2,548 2,120 840 - - 840 240 884 - - 884 670 - - - - 57 42 - - 42 154 351 - - 351 640 808 - - 808 760 284 - - 284 121 828 - - 828 984 1,012 - - 1,012 657 877 - - 877 1,287 118 - - 118 176 428 - - 428 224 818 - - 818 346 1,598 - - 1,598 1,521 1,418 - - 1,418 1,094 567 - - 567 241 129 - - 129 272 3,879 - - 3,879 2,046 801 - - 801 557 1,489 - - 1,489 1,079 1,065 - - 1,065 966 1,354 - - 1,354 1,210 154,277 - - 154,277 148,004 20,816 - - 20,816 19,623 46,409 - - 46,409 42,443 3,158 - - 3,158 3,065 4,212 6,108 - 10,320 3,803 - - 4,468 4,468 39,987 - 777 - 777 - - 1,520 - 1,520 - - 9,600 - 9,600 - 0 9,432 255 9,686 - - 14,068 - 14,068 - - 2,154 - 2,154 - 1,020 - - 1,020 1,950 |
|---|---|
| 283,078 43,658 4,722 331,458 307,043 |
This page does not form part of the statutory financial statements
15
MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
5. ANALYSIS OF FUNDS
CURRENT FINANCIAL YEAR
| Balance | Balance | Unrealised | Balance | Balance | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| At 31 December 2 | Income | Expenditure | Gain/Loss | Transfer | 31-Dec-23 | |||||
| £ | £ | £ | £ | £ | £ | |||||
| Restricted Funds:- | ||||||||||
| Mission Funds: | ||||||||||
| Missions Distribution Local Fund | 40,292 | 1,291 | (13,868) | - | (646) | 27,070 | ||||
| Amplifying Voices | - | - | (1,520) | - | 1,520 | - | ||||
| Arab World Ministries Fund | - | - | (9,600) | - | 9,600 | - | ||||
| Emmanuel Ministries Fund | - | - | (1,520) | - | 1,520 | - | ||||
| Missions Other | 961 | (761) | (200) | - | - | - | ||||
| Pursuit International | - | - | (1,520) | - | 1,520 | - | ||||
| Tearfund | 309 | 1,406 | (1,122) | - | - | 593 | ||||
| Care Fund | 3,574 | 731 | (3,056) | - | - | 1,250 | ||||
| Community Cafe Fund | 416 | (416) | - | - | - | - | ||||
| Ladies Fellowship Fund | 587 | 28 | (336) | - | - | 279 | ||||
| Lucy Clay Fund | 3,996 | - | - | - | - | 3,996 | ||||
| MindBody - Mind Body and Soul Fund | 837 | 474 | (418) | - | - | 893 | ||||
| Parish Nursing Project Fund | 792 | 170 | (777) | - | - | 185 | ||||
| Restricted Gifts | - | 403 | (403) | - | 0 | 0 | ||||
| Stand Building Fund | 6,464 | - | (1,751) | - | - | 4,713 | ||||
| Tots and Tinies Fund | 66 | 1,191 | (1,066) | - | - | 191 | ||||
| Youth Fund | (1,377) | 8,211 | (6,108) | - | - | 727 | ||||
| Women's Special Events Fund | - | 656 | (395) | - | - | 261 | ||||
| Total Rest. Funds (excl. Endowment) | 56,917 | 13,385 | (43,658) | - | 13,514 | 40,158 | ||||
| Total Endowment Funds | - | - | - | - | - | - | ||||
| Total | 56,917 | 13,385 | (43,658) | - | 13,514 | 40,158 | ||||
| PREVIOUS FINANCIAL YEAR | ||||||||||
| Balance | Unrealised | |||||||||
| 31-Dec-22 | Income | Expenditure | Gain/Loss | Transfer | 31-Dec-22 | |||||
| £ | £ | £ | £ | £ | £ | |||||
| Restricted Funds:- | ||||||||||
| Mission Funds: | ||||||||||
| Missions Distribution Global | - | 998 | - | - | (998) | - | ||||
| Missions Distribution Local Fund | 39,158 | 572 | (1,680) | - | 2,242 | 40,292 | ||||
| Amplifying Voices | - | - | (1,853) | - | 1,853 | - | ||||
| Arab World Ministries Fund | - | - | (9,600) | - | 9,600 | - | ||||
| Emmanuel Ministries Fund | - | - | (1,853) | - | 1,853 | - | ||||
| Missions Other | 655 | 611 | (306) | - | - | 961 | ||||
| Pursuit International | - | - | (1,853) | - | 1,853 | - | ||||
| Tearfund | - | 558 | (306) | - | 56 | 309 | ||||
| Care Fund | 7,202 | 274 | (3,902) | - | - | 3,574 | ||||
| Community Cafe Fund | 416 | - | - | - | - | 416 | ||||
| Courses Fund | (0) | - | - | - | - | (0) | ||||
| Ladies Fellowship Fund | 889 | 84 | (385) | - | - | 587 | ||||
| Lucy Clay Fund | 3,996 | - | - | - | - | 3,996 | ||||
| MindBody - Mind Body and Soul Fund | 499 | 714 | (376) | - | - | 837 | ||||
| Parish Nursing Project Fund | 2,344 | 316 | (1,868) | - | - | 792 | ||||
| Special Events Fund | - | 315 | (315) | - | - | - | ||||
| Stand Building Fund | 7,758 | - | (1,294) | - | - | 6,464 | ||||
| Tots and Tinies Fund | 70 | 978 | (982) | - | - | 66 | ||||
| Youth Fund | 526 | 9,635 | (11,938) | - | 400 | (1,377) | ||||
| Total Rest. Funds (excl. Endowment) | 63,514 | 15,055 | (38,510) | - | 16,858 | 56,917 | ||||
| Total Endowment Funds | - | - | - | - | - | - | ||||
| Total Restricted (incl. Endowment | 63,514 |
15,055 | (38,510) | - | 16,858 | 56,917 | ||||
| Funds) |
This page does not form part of the statutory financial statements
16
MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
6. DESIGNATED FUNDS
CURRENT FINANCIAL YEAR
| Balance | Unrealised | Balance | Balance | |||||
|---|---|---|---|---|---|---|---|---|
| At 31 December 2 | Income | Expenditure | Gain/Loss | Transfer | 31-Dec-23 | |||
| £ | £ | £ | £ | £ | £ | |||
| Designated Funds | ||||||||
| Community Fund | 2,183 | 1,639 | (4,468) | - | 646 | - | ||
| Mens Special Events Fund | - | 276 | (255) | - | - | 21 | ||
| Total Designated Funds | 2,183 | 1,915 | (4,722) | - | 646 | 21 | ||
| General Funds | 557,170 | 265,219 | (283,078) | - | (14,160) | 525,151 | ||
| Total Unrestricted (Incl. Designated | ||||||||
| Funds) | 559,353 | 269,049 | (292,523) | - | (12,868) | 523,011 | ||
| PREVIOUS FINANCIAL YEAR | ||||||||
| Balance | Unrealised | |||||||
| 31-Dec-22 | Income | Expenditure | Gain/Loss | Transfer | 31-Dec-22 | |||
| £ | £ | £ | £ | £ | ||||
| Designated Funds | ||||||||
| Community Fund | 1,937 | 1,723 | (1,478) | - | - | 2,183 | ||
| 1,937 | 1,723 | (1,478) | - | - | 2,183 | |||
| Unrestricted Funds:- | ||||||||
| General Funds | 554,274 | 286,809 | (267,056) | - | (16,858) | 557,170 | ||
| Total Unrestricted (Incl. Designated | ||||||||
| Funds) | 556,212 | 288,532 | (268,534) | - | (16,858) | 559,353 |
Amplifying Voices is for giving a voice to the oppressed in difficult locations.
Care Fund is for pastoral needs within the church and community.
Chatsmore Development Fund is for any additional equipment needed and the development of our main 10.30am service. Community Café Fund is for costs and outreach in the community café.
Community Fund is to help support individuals or organisations
Courses Fund is for donations received from outside sources for running particular courses as part of the work of the charity. Ladies Fellowship Fund is for ministry among ladies.
The Lucy Clay Fund is primarily to assist people from the church in mission work.
Mind Body and Soul Fund is for activities and outreach to older people in the community.
Mission Funds are for distribution to specific mission agencies external to the church.
Parish Nursing Project Fund is for supporting the parish nursing ministry in the community. Pursuit International Fund is a Restricted Gifts Fund is for money that is credited or debited but is not directly related to church funds, it passes in and out of Special Projects Fund is to finance projects without making undue demands on the Unrestricted General Fund. Strand Building Fund is money received from church Gift Day for church refurbishment.
Tots and Tinies Fund renamed from Take a Break Fund and is for parent and baby/toddler group activities and outreach. Youth Fund is for activities and outreach to children and youth within the church and the community.
The restricted funds are wholly represented by cash reserves of the church.
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MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
7. INVESTMENTS
8. CASH AT BANK AND IN HAND
| 8. CASH AT BANK AND IN HAND | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | Total | |
| Funds | Funds | Funds | 31-Dec-23 | 31-Dec-22 | |
| £ | £ | £ | £ | ||
| HSBC Current Account | - | - | - | - | 14,313 |
| HSBC Money Manager Deposit | - | - | - | - | 193,974 |
| CAF 90 Day Account Scottish Widows | 78,719 | - | - | 78,719 | 78,021 |
| Pleo | 404 | - | - | 404 | - |
| Community Cafe Cash Float | 40 | - | - | 40 | 40 |
| Unity Trust Current Account | 14,560 | - | - | 14,560 | - |
| Unity Trust Instant Access Account | 109,968 | 40,158 | 21 | 150,147 | - |
| 203,691 | 40,158 | 21 | 243,870 | 286,348 | |
| 9. DEBTORS AND PREPAYMENTS | |||||
| Unrestricted | Restricted | Designated | Total | Total | |
| Funds | Funds | Funds | 31-Dec-23 | 31-Dec-22 | |
| £ | £ | £ | £ | ||
| Sundry accounts receivable | 375 | - | - | 375 | - |
| Prepayment | 1,188 | - | - | 1,188 | 228 |
| 1,563 | - | - | 1,563 | 228 | |
| 10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN | ONE YEAR | ||||
| Unrestricted | Restricted | Designated | Total | Total | |
| Funds | Funds | Funds | 31-Dec-23 | 31-Dec-22 | |
| £ | £ | £ | £ | ||
| Youth and Children | 1,069 | - | - | 1,069 | 552 |
| Independent Examiner's Fee | 1,020 | - | - | 1,020 | 990 |
| 2,089 | - | - | 2,089 | 1,542 |
11. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial period.
This page does not form part of the statutory financial statements
18
MAYBRIDGE COMMUNITY CHURCH
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
12. STAFF COSTS AND NUMBERS
| Gross Wages & Salaries Employer's National Insurance Costs Pension Contributions Other costs |
TOTAL 2023 £ 176,732 17,646 20,816 6,308 221,502 |
TOTAL 2022 £ 170,130 14,853 19,623 5,463 |
|---|---|---|
| 210,069 |
The average number of paid staff employed in the year was nine (ten in 2022). Four are full time (four in 2022) and five are part time (six in 2022). Staff are paid through the PAYE system. No employee received emoluments in excess of £60,000.
(2022 - None)
The church pays pension contributions for eight members of staff (eight in 2022).
Pension contributions for eight staff are paid into the NEST workplace pension scheme (five in 2022).
Pension contributions for no staff are paid into their individual pension schemes (two in 2022).
Average number of employees who were engaged in each of the following activities:
| Activities in furtherance of charity's objects Management and administration Other |
TOTAL 2023 6 2 1 9 |
TOTAL 2022 7 2 1 |
|---|---|---|
| 10 |
13. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees' report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
This page does not form part of the statutory financial statements
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