ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
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
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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
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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 2024 END OF FINANCIAL YEAR 31st December 2024 TRUSTEES AT 31ST DECEMBER 2024 Jacob Kaagya Colin McLaren Peter Idowu - Appointed 10.2.24 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 Unit 4,Moor Park Court St George's Road Preston PR1 6AQ 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
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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH
TRUSTEES REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2024
Organisational structure
The current Board of Trustees constitutes two members and is chaired by Pastor Colin McLaren, who is responsible for the day to day running of the charity. Peter Idowu was appointed as a new trustee on 10th February 2024.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and aims:
Our continued aim is to promote the Gospel of Jesus Christ primarily in our local community, the adjoining boroughs and supporting missionary workers throughout the world. This being achieved by organising and sending invasion teams both on the international and national scale.
We participate in several activities namely local and International Bible Conferences, Marriage Seminars, Men’s Discipleship classes, Revival Meetings, Women’s fellowships, Youth meetings, connect groups and hosting visiting speakers from our local and international branches.
Achievement & performance:
1. Charitable activities
The church has continued to grow in members and church attendance has risen. Our average Sunday morning attendance has increased to 232 from 182. Our ministry team has increased and we now have several new members volunteering in various capacities.
This year at our bible conference we launched 3 new churches into Blackpool, Bispham and Blackburn.
2. Fundraising activities
The church’s financial resources are generated from non-compulsory contributions (offerings/donations) by church members and through claiming gift aid from these donations.
Future plans
As a church we will continue to pursue our goal of bringing great impact, change and influence to our local community and create platforms that benefit the local community.
We are currently in the process of purchasing a new building for our congregation which should complete in 2025. We will refurbish the new premises to home our congregation.
This year we plan to plant several new churches into our surrounding towns to expand outreach program. We are aiming to expand our Youth ministries and our Young adult ministries.
The ongoing support of our baby churches.
Financial Review
The trustees consider both church growth and financial operation as satisfactory. Church attendance growth effectively results in the increase in both internal activities and financial expenditure.
Our donations increased in 2024 which enabled us to save a substantial amount for our future plans.
Trustees' Responsibilities
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which presents a true and fair view of the state of affairs of the Charity and of the surplus of the Charity for that period. In preparing those financial statements the trustees are required to:
i) Select suitable accounting policies and apply them consistently
ii) Make judgements and estimates that are reasonable and prudent
iii) Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on,……………………………………………………… 25/07/2015
Signed on their behalf by Trustee, ………………………………………………………………………………………………… be
Printed Name: Colin McLaren
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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 2024 set out on pages 6 -13.
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:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention
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
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed : Date: 28.7.25 Kim Gomes FCIE MAAT Independent Examiners Ltd
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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2024
| 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 TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024 2023 £ £ £ £ - - 383,431 - 383,431 264,516 2,962 - 2,962 1,129 885 - 885 3,916 |
|---|---|
| 387,278 - 387,278 269,561 |
|
| 220,421 - 220,421 232,118 |
|
| 220,421 - 220,421 232,118 |
|
| 166,858 - 166,858 37,444 149,338 - 149,338 111,894 |
|
| 316,196 - 316,196 149,338 |
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 POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH
BALANCE SHEET AS AT 31ST DECEMBER 2024
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 31-Dec-24 | 31-Dec-23 | ||
| Note | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible Assets | 2 | 4,612 | - | 4,612 | 6,149 |
| 4,612 | - | 4,612 | 6,149 | ||
| Current Assets | |||||
| Debtors & Prepayments | 9 | 4,279 | - | 4,279 | 2,843 |
| Cash at Bank and in Hand | 8 | 308,715 | - | 308,715 | 141,697 |
| Total Current Assets | 312,994 | - | 312,994 | 144,539 | |
| Creditors:Amounts due within one year | 10 | 1,410 | - | 1,410 | 1,350 |
| NET CURRENT ASSETS | 311,584 | - | 311,584 | 143,189 | |
| TOTAL ASSETSless current liabilities | 311,584 | - | 311,584 | 143,189 | |
| NET ASSETS | 316,196 | - | 316,196 | 149,338 | |
| Funds of the Charity | |||||
| General Funds | 239,195 | - | 239,195 | 137,439 | |
| Designated Funds | 5 | 77,001 | - | 77,001 | 11,899 |
| Restricted Funds | 6 | - | - | - | - |
| 316,196 | - | 316,196 | 149,338 |
Approved by the Trustees on,……………………………………………………… 2.5/07]2025 Signed on their behalf by Trustee, ………………………………………………………………………………………………… Gr
Printed Name: Colin McLaren
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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
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.
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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
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%
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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
2. TANGIBLE FIXED ASSETS
| Land & Fixtures & General Total Buildings Fittings Equipment 2024 |
|
|---|---|
| £ £ £ £ |
|
| Cost 01-Jan-24 Additions Cost at 31-Dec-24 Depreciation 01-Jan-24 Charge Depreciation at 31-Dec-24 Net Book Value 31-Dec-24 Net Book Value 31-Dec-23 |
- 32,257 - 32,257 - - - - |
| - 32,257 - 32,257 |
|
| - 26,109 - 26,109 - 1,537 - 1,537 |
|
| - 27,646 - 27,646 |
|
| - 4,612 - 4,612 |
|
| - 6,149 - 6,149 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st December 2024: None 31st December 2023 : 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 2024 2023 £ £ £ £ 259,761 - 259,761 217,460 123,670 - 123,670 47,056 |
|---|---|
| 383,431 - 383,431 264,516 |
|
| 2,962 - 2,962 1,129 |
|
| 2,962 - 2,962 1,129 |
|
| 885 - 885 3,916 |
|
| 885 - 885 3,916 |
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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
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 Independent Examiner's Fee 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 |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024 2023 £ £ £ £ 10,043 - 10,043 10,908 680 - 680 623 1,160 - 1,160 314 260 - 260 152 12,358 - 12,358 13,175 1,537 - 1,537 2,050 2,932 - 2,932 2,243 4,930 - 4,930 4,733 25,524 - 25,524 21,105 9,527 - 9,527 14,092 7,337 - 7,337 11,815 1,410 - 1,410 1,361 3,437 - 3,437 2,049 21,960 - 21,960 22,703 2,224 - 2,224 7,893 435 - 435 923 875 - 875 1,259 7,398 - 7,398 5,482 23,580 - 23,580 35,460 606 - 606 3,039 56,134 - 56,134 42,303 2,563 - 2,563 640 1,300 - 1,300 10 1,650 - 1,650 1,597 9,381 - 9,381 8,167 7,786 - 7,786 8,985 - - - 82 276 - 276 1,189 3,117 - 3,117 7,768 |
|---|---|
| 220,421 - 220,421 232,118 |
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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK PRESTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
| 5. DESIGNATED FUNDS Building Fund |
Balance Balance 01-Jan-24 Income Expenditure Transfers 31-Dec-24 11,899 65,102 - - 77,001 |
|---|---|
| 11,899 65,102 - - 77,001 |
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
| Cash at Bank & in Hand 9. DEBTORS AND PREPAYMENTS Sundry Debtors - Gift Aid |
Unrestricted Restricted Total Total Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ 308,715 - 308,715 141,697 |
|---|---|
| 308,715 - 308,715 141,697 |
|
| Unrestricted Restricted Total Total Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ 4,279 - 4,279 2,843 |
|
| 4,279 - 4,279 2,843 |
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee | Unrestricted Restricted Total Total Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ 1,410 - 1,410 1,350 |
|---|---|
| 1,410 - 1,410 1,350 |
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.
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