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← Potters House Christian Fellowship UK Preston Church

2023-12-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

CHARITY REGISTRATION No: 1139195

Independent Examiners Ltd

2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

1

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

CONTENTS

Page 3 Legal and Administrative Information
Page 4 Trustees' Report
Page 5 Independent Examiner's Report to the Trustees
Page 6 Statement of Financial Activities
Page 7 Balance Sheet
Pages 8 to 13 Notes to the Financial Statements

2

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1139195 DATE OF REGSTRATION 14th September 2010 START OF FINANCIAL YEAR 1st January 2023 END OF FINANCIAL YEAR 31st December 2023 TRUSTEES AT 31ST DECEMBER 2023 Jacob Kaagya Colin McLaren LEGAL STATUS Unincorporated Charity GOVERNING INSTRUMENT Constitution Adopted 14th September 2010.

OBJECTS

(A) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN THE SCHEDULE HERETO ATTACHED IN PRESTON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM AND THE WORLD AS THE CHURCH COUNCIL MAY FROM TIME TO TIME THINK FIT AND OTHER SUCH PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE CHARITY. (B) THE RELIEF OF POVERTY AND SICKNESS AND TO RELIEVE THE DISTRESS CAUSED THEREBY REGARDLESS OF NATIONALITY, RELIGIOUS POLITICAL OR OTHER OPINION IN PRESTON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM AND THE WORLD AS THE CHURCH COUNCIL MAY FROM TIME TO TIME THINK FIT.

REGISTERED ADDRESS The Potters House 1st Floor 21 Garstang Road Preston PR1 1LA PRIMARY BANKERS Barclays Bank Plc. 1 Churchill Place London E14 5HP INDEPENDENT EXAMINER Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

3

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees of The Potters House Christian Fellowship UK Preston Church on the accounts for the year ended 31 December 2023 set out on pages 6 -14

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed : Date:[23 .2 .24] Kim Gomes FCIE MAAT Independent Examiners Ltd

5

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations & Legacies
3a
Investment Income
3b
Other Incoming Resources
3c
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
Costs of Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES EXPENDED
NET INCOMING/(OUTGOING)
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
-
-
264,516
-
264,516
206,631
1,129
-
1,129
123
3,916
-
3,916
3,150
269,562
-
269,562
209,905
230,757
-
230,757
193,831
1,361
-
1,361
1,414
232,118
-
232,118
195,245
37,444
-
37,444
14,661
111,894
-
111,894
97,233
149,338
-
149,338
111,894

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 8 to 13 form part of these financial statements.

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THE POTfeRS HOUSÈ CHMisfiAM FELLOWSHIP UK PREsfoN CHURCH BALANCE SMEEr AS AT 31ST DEC￿￿tR ID23 ts.J*i I.￿) 141 697 s>p 1,39) 1,3 2.308 103.696 14J.J¥ 1•9 137h39 ii.e99 137.439 11099 111.B94 Fur4$ h, 2024

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

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 2011.

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.

Incoming Resources

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 resource 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 incoming resources when receivable.

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.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

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.

8

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) 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 advice 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.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage.

Fixed Assets

Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

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.

Change of Accounting Policies and Rules and Methods of Valuation.

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance over their estimated useful lives. The rates applied per annum are as follows:

General Equipment 25% Fixtures & Fittings 25%

9

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

2. TANGIBLE FIXED ASSETS

Land &
Fixtures &
General
Total
Buildings
Fittings
Equipment
2023
£
£
£
£
Cost
01-Jan-23
Additions
Cost at
31-Dec-23
Depreciation
01-Jan-23
Charge
Depreciation at
31-Dec-23
Net Book Value
31-Dec-23
Net Book Value
31-Dec-22		 -
32,257
-
32,257
-
-
-
-
-
32,257
-
32,257
-
24,059
-
24,059
-
2,050
-
2,050
-
26,109
-
26,109
-
6,149
-
6,149
-
8,198
-
8,198

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st December 2023: None 31st December 2022 : None

3. INCOMING RESOURCES

Note
a) Donations & Legacies
Gifts & Donations
Gift Aid Tax Recovered
b) Investment Income
Bank Interest
c) Other Incoming Resources
Sundry Income		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
217,460
-
217,460
175,747
47,056
-
47,056
30,884
264,516
-
264,516
206,631
1,129
-
1,129
123
1,129
-
1,129
123
3,916
-
3,916
3,150
3,916
-
3,916
3,150

10

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

4. RESOURCES EXPENDED

Note
a) Costs of Charitable Activities
Airfares
Bank Charges
Benevolence
Books & Publications
Conference Costs
Depreciation Expense
Entertainment
Equipment Costs
Fellowship Tithes
Hall Hire
Hotels
Insurance Costs
Love Offerings
Ministry Expenses
Parsonage
Printing, Postage & Stationery
Reimbursements
Rent & Rates
Repairs & Maintenance
Staff Costs
Subscriptions
Sundry Expenses
Telephone Costs
Utility Costs
Vehicle Hire
Visitation Gifts
Website Costs
World Evangelism
b) Governance Costs
Independent Examiner's Fee
Legal & Professional Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
10,908
-
10,908
8,731
623
-
623
423
314
-
314
902
152
-
152
142
13,175
-
13,175
-
2,050
-
2,050
2,050
2,243
-
2,243
5,593
4,733
-
4,733
8,580
21,105
-
21,105
16,600
14,092
-
14,092
7,523
11,815
-
11,815
11,846
2,049
-
2,049
1,664
22,703
-
22,703
20,336
7,893
-
7,893
4,776
923
-
923
12,073
1,259
-
1,259
1,031
5,482
-
5,482
4,332
35,460
-
35,460
19,485
3,039
-
3,039
7,974
42,303
-
42,303
33,992
640
-
640
672
10
-
10
-
1,597
-
1,597
1,400
8,167
-
8,167
7,455
8,985
-
8,985
7,324
82
-
82
174
1,189
-
1,189
1,204
7,768
-
7,768
6,866
230,757
-
230,757
193,148
1,361
-
1,361
1,320
-
-
-
94
1,361
-
1,361
1,414

11

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

5. DESIGNATED FUNDS
Building Fund		 Balance
Balance
01-Jan-23
Income
Expenditure
Transfers
31-Dec-23
-
11,899
-
-
11,899
-
11,899
-
-
11,899

6. RESTRICTED FUNDS

The Charity held no restricted funds during this or the previous financial year

7. INVESTMENTS

The Charity held no investments funds during this or the previous financial year

8. CASH AT BANK AND IN HAND

8. CASH AT BANK AND IN HAND
Cash at Bank & in Hand Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-23
31-Dec-22
£
£
£
£
141,697
-
141,697
105,004
141,697
-
141,697
105,004

9. DEBTORS AND PREPAYMENTS

9. DEBTORS AND PREPAYMENTS
Sundry Debtors - Gift Aid Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-23
31-Dec-22
£
£
£
£
2,843
-
2,843
-
2,843
-
2,843
-

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiner's Fee Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-23
31-Dec-22
£
£
£
£
1,350
-
1,350
1,308
1,350
-
1,350
1,308

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 year.

12