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2023-12-31-accounts

Registered number: 07584098 Charity number: 1141375

Net Church Dartford

(A company limited by guarantee)

Unaudited

Trustees' report and financial statements

for the year ended 31 December 2023

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Contents

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Notes to the financial statements 12 - 31

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 December 2023

Trustees R Morley
P Judd
T McAtear (resigned 20 November 2023)
D Brown (appointed 19 April 2023)
M Thomas (appointed 19 April 2023)
M Naidoo (appointed 19 April 2023)
D Durham (resigned 19 April 2023)
S Alex (resigned 19 April 2023)
N Hughes (appointed 20 November 2023)
Company registered
number
07584098
Charity registered
number
1141375
Registered office
30 Spital Street
Dartford
Kent
DA1 2DL
Senior Pastors
R Morley and K Morley
Accountants
Kreston Reeves LLP
Chartered Accountants
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Independent Examiner
Samantha Rouse FCCA DChA
Kreston Reeves LLP
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Senior Management
Team
Roy Morley, Senior Pastor
Keely Morley, Senior Pastor
Peter Judd, Locational Leader
Jaya Judd, Executive Pastor
Andrew Jackson, Locational Pastor
Heather Jackson, Locational Pastor

Page 1

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Trustees' report

for the year ended 31 December 2023

The Trustees present their annual report together with the financial statements of the Charity for the year from 1 January 2023 to 31 December 2023. The Annual report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The charity’s primary aim is to advance the Christian faith and provide community support in the regions of Dartford, Sittingbourne, and Addis. Following the merger, the charity now operates in multiple locations to address the spiritual, social, and physical needs of a larger community, including activities for education, relief of poverty, and promoting community cohesion.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Volunteer Participation and Event Support

The charity’s activities are greatly enhanced by the significant contributions of approximately 200 dedicated volunteers. Their involvement spans across 491 events with 2,829 serving instances, supporting programmes for youth, families, and community outreach. The charity deeply values the time, skills, and commitment provided by its volunteers, which play a crucial role in delivering its mission and extending its impact.

Achievements and performance

a. Review of activities

Membership Growth and Pastoral Care

Net Church has experienced significant growth in membership throughout 2023, reflecting our ongoing mission of being a place “where people matter, and lives are changed.” Our programmes of pastoral care have provided essential support to hundreds in our community, with one-to-one assistance and the opportunity for members to join smaller connect groups for deeper fellowship and care.

Staff and Programmes

The Church continues to employ a dedicated team of pastoral and support staff, including youth leaders and administrative staff, all of whom contribute to the success of our varied programmes. These initiatives reach across generations, catering to children, youth, and senior citizens, and fostering meaningful connections and personal development within the community.

Advancing the Gospel in Local and International Communities

In 2023, Net Church continued to focus on expanding the reach of the Gospel, not only within our local community but also in neighbouring towns and beyond. We have been actively growing our presence in the communities of Dartford, Sittingbourne, and Addis Ababa, seeking to share the message of hope and faith. Through our outreach efforts in these locations, we are building stronger connections and providing opportunities for spiritual growth in diverse communities.

Page 2

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2023

Achievements and performance (continued)

Youth Services

A key highlight of our youth services has been hosting an average of over 150 young people aged 11-18 every Friday during term time, with around 38 sessions held each year. These youth services provide a safe and positive space where young people can form meaningful friendships, develop self-confidence, and grow in selfdiscovery. This environment encourages positive mindsets and nurtures future leaders, reflecting our commitment to shaping lives for the better.

Championing Women

Net Church is also deeply committed to championing women and empowering them to thrive in their personal and spiritual lives. Throughout 2023, we hosted multiple women’s conferences in Dartford, which reached over 300 participants. These events provided a platform for women to connect, grow, and be encouraged in their faith, further embodying our mission to foster positive change in people’s lives.

Engaging Men through Programmes and Events

Our commitment to fostering a strong, supportive community extends to men’s programmes as well. In 2023, we saw approximately 250 men sign up for various initiatives, including men’s retreats, men’s breakfasts, and social events such as football. These gatherings offer men opportunities for networking, personal growth, and mutual support, creating spaces where they can connect, share experiences, and uplift one another.

Local and International Charity Support

Throughout 2023, Net Church has extended its impact by partnering with both local and international charities. Many of our members participate in Compassion UK’s childhood sponsorship programme, supporting children in need across the globe.

Community Outreach

Our outreach efforts have been particularly effective within the local community, where we have provided both material and financial support. Notable milestones this year include:

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 3

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2023

b. Reserves policy

The reserves policy has been updated following the merger to reflect the combined financial position of the two entities, with total reserves now amounting to £2,407,764 (2022: £2,207,211). The policy ensures sufficient reserves are maintained to cover 6 months of operational costs and to provide for future investments in key programmes and facilities. 6 months reserves is £330k, broken down as £180k at Dartford, and £150k at Sittingbourne. Average monthly expenditure stands at £30k approximately for Dartford, and £25k for Sittingbourne. We also have a designated reserve that is built up by our yearly gift aid income & Tamil Church Venue usage contribution to cover mortgage payments of approx. £5k per month, which it covers yearly and leaves a surplus.

The Trustees regularly review the reserves policy to ensure alignment with the charity’s strategic goals and financial stability.

Net Church is proud of the growth and impact we have achieved this year and will continue to serve the local and global community with the same dedication, in line with our mission to be a place “where people matter, and lives are changed.”

c. Results for the year

During the year, the merged charity received income of £950,813 (2022: £722,039) and incurred expenditure of £750,260 (2022: £622,428). The charity had a surplus at year end of £200,553 (2022: surplus of £99,611). Unrestricted reserves at the year end were £2,343,142 (2022: £2,128,063) and restricted reserves at year end were £64,622 (2022: £79,148).

The prior year figures are the combined amounts, as reported for both Net Church Dartford and Net Church Sittingbourne.

d. Principal risks and uncertainties

The Trustees have reviewed the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.

e. Restricted funds

The purpose of the individiual restricted funds is detailed in note 14.

Structure, governance and management

a. Constitution

Net Church Dartford is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 30 March 2011.

The Charity is constituted under a Memorandum of Association dated 30 March 2011 and is a registered charity number 1141375.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

Page 4

Net Church Dartford

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2023

Structure, governance and management (continued)

c. Structure, Governance, and Management

The charity operates under the governance of its Board of Trustees, who are collectively responsible for the overall leadership, strategy, and compliance with legal and regulatory requirements.

The Trustees delegate the day-to-day management of the charity to the Senior Management Team, which comprises individuals with key operational and strategic responsibilities. The Senior Management Team members during the year were as follows:

The Senior Management Team is responsible for implementing the charity’s strategic goals, overseeing operational activities, and ensuring the charity continues to fulfil its mission and objectives.

d. Charity merger

On 01 August 2023, Net Church Dartford and Net Church (Sittingbourne) formally merged into a single charitable entity operating under the name Net Church. This merger was implemented to simplify reporting, filing, and enhance financial efficiency, as both charities were essentially duplicates representing the same church operating in two locations. The trustees remained unchanged across both entities, ensuring consistency in leadership and strategic direction throughout the process.

By consolidating into a single structure, the charity has reduced administrative redundancies, streamlined operations, and is now better positioned to focus resources on its core mission.

e. Pay policy for key management personnel

The church is committed to ensuring that remuneration for all staff, including key management personnel, is fair, transparent, and aligned with current standards and legislation. The Trustees have established a pay grade scale that is used to determine the salaries of all staff members. This scale is reviewed periodically to ensure it remains competitive, equitable, and reflective of the skills, responsibilities, and experience required for each role.

The pay scale is informed by the following principles:

1. Fairness and Equity : Salaries are determined based on objective criteria, ensuring all employees are compensated fairly for their work.

2. Market Competitiveness : Pay grades are benchmarked against comparable roles in similar organisations within the sector to attract and retain high-quality staff.

3. Financial Stewardship : Salaries are set within the context of the church’s financial position, ensuring that resources are responsibly managed to support its mission and charitable activities.

4. Compliance : The church adheres to all relevant employment legislation, including minimum wage laws and regulations governing pay transparency and equality.

Key management personnel, who have responsibility for planning, directing, and controlling the activities of the church, are placed within the same pay grade scale as other staff members. Their remuneration reflects their level of responsibility and contribution to the strategic direction and operational success of the organisation.

The Trustees regularly review the pay policy to ensure it remains appropriate and consistent with best practices, balancing the need to attract skilled personnel while maximising the church’s resources for community impact.

Page 5

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2023

Structure, governance and management (continued)

f. Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

The Trustees have reviewed the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis. The most significant risk facing the Charity is the potential for there to be a significant fall in the size of the congregation.

Plans for future periods

As of 1st August 2023, the charity Net Church Dartford merged with its associated charity Net Church Sittingbourne (registered as Net Church with charity number 1054377), which has the same Trustee body. All assets and activities will be moved into the registration of Net Church Dartford, and Net Church Sittingbourne was dissolved.

Following the merger, Net Church now focuses on strengthening its programmes and expanding its reach in the communities of Dartford, Sittingbourne, local and international communities. Key priorities for the upcoming year include investing in youth and family programmes, enhancing volunteer engagement, and developing new community outreach initiatives. Additionally, the church aims to increase collaboration with local and international partners to ensure long-term sustainability and impact.

A significant focus for the future is the plan to acquire a larger building in Sittingbourne. This expansion is essential to accommodate the growing congregation and provide enhanced facilities for community programmes. A larger space will enable the church to deliver more comprehensive services, support additional families, and further its mission to serve the community effectively.

Ongoing Commitment

Our commitment to local schools, prisons, and food banks remains strong, and we continue to actively offer help wherever it is needed. We remain dedicated to our mission of advancing the Gospel and changing lives.

Page 6

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Trustees' report (continued) for the year ended 31 December 2023

Statement of Trustees' responsibilities

The Trustees (who are also the Directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its income and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the Board of Trustees and signed on their behalf by:

R Morley Trustee Date: 17/12/2024

Page 7

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Independent examiner's report

for the year ended 31 December 2023

Independent examiner's report to the Trustees of Net Church Dartford ('the Charity')

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023.

Responsibilities and basis of report

As the Trustees of the Charity (and 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 Charity 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 the Charity's accounts 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 the Charity'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 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:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: S M Rouse

Dated: 17 December 2024

Samantha Rouse FCCA DChA

Kreston Reeves LLP

Chartered Accountants

Chatham Maritime

Page 8

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) for the year ended 31 December 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Raising funds
Charitable activities
6
Total expenditure
Net (expenditure)/income
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2023
£
6,953
13,064
-
20,017
-
23,609
23,609
(3,592)
(10,934)
(14,526)
79,148
(14,526)
64,622		 Unrestricted
funds
2023
£
687,782
238,129
4,885
930,796
13,404
713,247
726,651
204,145
10,934
215,079
2,128,063
215,079
2,343,142		 Total
funds
2023
£
694,735
251,193
4,885
950,813
13,404
736,856
750,260
200,553
-
200,553
2,207,211
200,553
2,407,764		 As restated
Total
funds
2022
£
560,444
160,751
844
722,039
3,986
618,442
622,428
99,611
-
99,611
2,107,600
99,611
2,207,211

The notes on pages 12 to 31 form part of these financial statements.

Page 9

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee) Registered number: 07584098

Balance sheet as at 31 December 2023

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
13
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 107,727
762,791
870,518
(38,677)		 2023
£
2,144,938
831,841
2,976,779
(569,015)
2,407,764
64,622
2,343,142
2,407,764		 60,260
635,764
696,024
(22,178)		 As restated
2022
£
2,117,780
673,846
2,791,626
(584,415)
2,207,211
79,148
2,128,063
2,207,211

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

R Morley Trustee Date: 17/12/2024

The notes on pages 12 to 31 form part of these financial statements.

Page 10

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Statement of cash flows
for the year ended 31 December 2023
Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 12 to 31 form part of these financial statements		 2023
£
199,079
(72,052)
(72,052)
127,027
635,764
762,791		 As restated
2022
£
96,461
-
-
96,461
539,303
635,764

Page 11

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

1. General information

The Charity is a charitable company limited by guarantee. The members of the Charity are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The Charity has the registered company number 07584098 and the registered charity number 1141375. Its registered office is 30 Spital Street, Dartford, DA1 2DL.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Net Church Dartford meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements have been prepared in British Sterling and are rounded to the nearest Pound.

2.2 Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 12

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

2. Accounting policies (continued)

2.5 Government grants

Government grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £2,500 or more are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shorfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Page 13

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

2. Accounting policies (continued)

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2.14 Merger accounting

Merger accounting principles are applied in accordance with FRS 102. With merger accounting, the carrying values of the assets and liabilities of the parties to the merger are not required to be adjusted to fair value, although appropriate adjustments are made to achieve uniformity of accounting policies where necessary.

On 01 August 2023, the activities of Net Church Sittingbourne (registered charity number 1054377) along with all their assets and liabilities were merged with Net Church Dartford (registered charity number 1141375).

The financial statements have been prepared using merger accounting, and applying the true and fair override given that the merged entity is a charitable company. The combination of Net Church Dartford and Net Church Sittingbourne has met the merger accounting criteria under FRS 102. When the charities merged, their purposes were concurrent and the purposes of the merged reporting entity encompass those of the combining charities, with no significant change to classes of beneficiaries or the purpose of the benefits provided.

The Trustees have considered the requirements of FRS102 and the SORP in making this decision, and have therefore adopted merger accounting as the most appropriate form of disclosure so that the financial statements show a true and fair view. Accordingly, as prescribed in the SORP, the comparative financial statements show the aggregate results for the combined charities.

Page 14

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

3. Income from donations and legacies

Church and other giving
Gift Aid
Government grants
Other income
Total 2022 as restated		 Restricted
funds
2023
£
6,919
-
-
34
6,953
6,306		 Unrestricted
funds
2023
£
556,457
112,694
-
18,631
687,782
554,138		 Total
funds
2023
£
563,376
112,694
-
18,665
694,735
560,444		 As restated
Total
funds
2022
£
422,085
119,691
500
18,168
560,444

Tax recoverable has been re-stated to recognise Gift Aid due on 2022 donations that had not previously been recognised.

4. Income from charitable activities

Events and programmes
Other income
Rise income
Conference income
Youth
Bible Academy
Team income
Resources
Vision offering
Playgroup income
Little Angels
Hall hire
Total 2023
Total 2022 as restated		 Restricted
funds
2023
£
4,922
-
-
229
7,913
-
-
-
-
-
-
-
13,064
8,780		 Unrestricted
funds
2023
£
13,373
-
9,765
-
-
-
2,334
10
18,526
190,616
535
2,970
238,129
151,971		 Total
funds
2023
£
18,295
-
9,765
229
7,913
-
2,334
10
18,526
190,616
535
2,970
251,193
160,751		 As restated
Total
funds
2022
£
1,249
89
530
1,143
2,444
300
81
627
5,076
148,474
300
438
160,751

Page 15

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

5. Investment income

As restated
Unrestricted Total Total
funds funds funds
2023 2023 2022
£ £ £
Bank interest 4,885 4,885 844

All of the investment income, in both 2023 and 2022, related to unrestricted funds.

6. Analysis of expenditure by activities

Charitable activities
Total 2022 as restated		 Direct costs
2023
£
453,382
427,313		 Support
costs
2023
£
283,474
191,129		 Total
funds
2023
£
736,856
618,442		 As restated
Total
funds
2022
£
618,442

Page 16

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Youth
Ministry team expenses
Events & outreach
Media & tech
Children's department & Little Fishes
Ukraine Appeal
Loving Later Life
Resources
Subscriptions
Welcome
Tamil Congregation
Befriending service
Music & worship
Net Young Adults
Building projects
Staff Wellbeing
Sabbatical Fund
Community Project
Christmas Giving Expenditure
Church Plant
GLS - Next Year
Playgroup running costs
Visiting speakers
Hospitality
Team expenses
Total 2022 as restated		 Restricted
funds
2023
£
-
-
-
8,715
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,046
-
-
-
-
-
11,761
12,532		 Unrestricted
funds
2023
£
299,216
8,764
14,433
40,281
2,771
764
-
227
-
7,000
2,612
20,837
116
651
870
19,371
-
-
1,329
4,560
-
7,218
3,879
2,706
1,337
2,679
441,621
238,045		 Total
funds
2023
£
299,216
8,764
14,433
48,996
2,771
764
-
227
-
7,000
2,612
20,837
116
651
870
19,371
-
-
1,329
4,560
3,046
7,218
3,879
2,706
1,337
2,679
453,382
250,577		 As restated
Total
funds
2022
£
307,423
4,800
7,639
27,296
4,297
765
3,900
271
356
6,390
2,746
2,481
183
2,590
431
32,589
2,018
8,125
273
-
-
-
8,760
1,238
923
1,819
427,313

Page 17

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

Analysis of expenditure by activities (continued)

Analysis of support costs

Unrestricted
funds
2023
£
Staff costs
73,145
Depreciation
44,894
Utilities
55,758
Telephone and internet
852
Insurance
19,826
Bad debts
-
Stationery
2,361
General building maintenance
19,147
Cleaning
5,880
Printing
2,022
Interest payable
43,717
Travel
38
Playgroup support costs
910
AOG contribution
2,900
Security
904
Miscellaneous
6,137
Independent Examiner's fees
4,800
Other accountancy
183
Total 2023
283,474
Total 2022 as restated
142,775
7.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Total
funds
2023
£
73,145
44,894
55,758
852
19,826
-
2,361
19,147
5,880
2,022
43,717
38
910
2,900
904
6,137
4,800
183
283,474
142,775
2023
£
4,800		 As restated
Total
funds
2022
£
30,882
48,739
36,491
767
10,381
5,161
2,565
10,862
4,674
2,721
25,147
-
873
2,673
1,149
2,877
5,167
-
191,129
As restated
2022
£
5,167

Page 18

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

8. Staff costs

Wages and salaries
Social security costs
Pension costs		 2023
£
350,888
15,446
6,027
372,361		 As restated
2022
£
321,061
11,536
5,708
338,305

The average number of persons employed by the Charity during the year was as follows:

As restated
2023 2022
No. No.
Employees 24 24

No employee received remuneration amounting to more than £60,000 in either year.

Remuneration and benefits paid to key management personnel during the year, including employer's national insurance contributions, amount to £96,514 (2022: £135,544)

9. Trustees' remuneration and expenses

During the year R Morley, one of the Trustees, received remuneration and benefits amounting to £49,038 (2022: £48,408) for his position as Pastor.

During the year P Judd, one of the Trustees, received remuneration and benefits amounting to £5,972 (2022: £5,407) for his position as Pastor.

During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 19

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

10. Tangible fixed assets

Cost or valuation
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable		 Freehold
property
£
2,340,072
72,052
2,412,124
263,318
36,689
300,007
2,112,117
2,076,754		 Motor
vehicles
£
7,500
-
7,500
7,500
-
7,500
-
-		 Fixtures and
fittings
£
155,425
-
155,425
114,399
8,205
122,604
32,821
41,026
2023
£
4,655
274
4,505
98,293
107,727		 Total
£
2,502,997
72,052
2,575,049
385,217
44,894
430,111
2,144,938
2,117,780
As restated
2022
£
-
-
-
60,260
60,260

11. Debtors

Tax recoverable has been re-stated to recognise Gift Aid due on 2022 donations that had not previously been recognised.

Page 20

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

12. Creditors: Amounts falling due within one year

Bank loans and overdrafts
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Creditors: Amounts falling due after more than one year
Bank loans
Included within the above are amounts falling due as follows:
Between two and five years
Bank loans
Over five years
Bank loans		 2023
£
19,979
6,817
6,490
591
4,800
38,677
2023
£
569,015
68,656
500,359		 As restated
2022
£
12,983
-
3,624
489
5,082
22,178
As restated
2022
£
584,415
65,772
518,643

13. Creditors: Amounts falling due after more than one year

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:

Repayable by instalments 2023
£
500,359
500,359		 As restated
2022
£
518,643
518,643

The bank loan was used to assist with the purchase of the church property in Spital Street, Dartford. It is secured with a first charge on that property and is repayable over 15 years with interest at 4% per annum.

During the previous year, the charity re-mortgaged the property, secured by a charge on that property, and is payable over 25 years with interest at 3.75% above base rate per annum.

Page 21

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

14. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Capital fund
Fulston move
Salary Fund
Resources
General funds
General Fund
Total Unrestricted funds		 Balance at 1
January
2023
£
669,042
58
4,186
114
673,400
1,454,663
2,128,063		 Income
£
-
-
-
-
-
930,796
930,796		 Expenditure
£
-
-
-
-
-
(726,651)
(726,651)		 Transfers
in/out
£
886,904
-
(4,186)
-
882,718
(871,784)
10,934		 Balance at
31
December
2023
£
1,555,946
58
-
114
1,556,118
787,024
2,343,142

Page 22

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

14. Statement of funds (continued)

Restricted funds
Youth Conference/Summer
Camp
Vision Offering 2020
Vision Offering Dartford
Vision Offering Tamil
Women's Conference - Closer
Church Plant
Vision Offering 2020
Sittingbourne
Vision Offering 2021
Sittingbourne
Vision Offering 2022
Sittingbourne
Christmas Bike Giveaway
Youth
Young Lions
Loving Later Life
Ukraine
Community Fund
Total of funds		 Balance at 1
January
2023
£
1,182
801
16,274
5,270
487
23,664
15,057
7,144
3,331
193
130
21
4,207
1,387
-
79,148
2,207,211		 Income
£
71
-
11,151
2,340
-
-
-
-
1,902
-
-
-
-
-
4,553
20,017
950,813		 Expenditure
£
-
-
-
-
-
-
(15,057)
(7,144)
-
-
-
(21)
-
(1,387)
-
(23,609)
(750,260)		 Transfers
in/out
£
-
(500)
500
-
-
(10,934)
-
-
-
-
-
-
-
-
-
(10,934)
-		 Balance at
31
December
2023
£
1,253
301
27,925
7,610
487
12,730
-
-
5,233
193
130
-
4,207
-
4,553
64,622
2,407,764

Page 23

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Capital fund
Fulston move
Salary Fund
Resources
General funds
General Fund
General Fund
Total Unrestricted funds		 Balance at
1 January
2022
£
641,145
58
116
114
641,433
310,668
1,067,052
1,377,720
2,019,153		 As restated
Income
£
-
-
-
-
-
440,513
266,440
706,953
706,953		 Expenditure
£
-
-
-
-
-
(384,451)
(227,934)
(612,385)
(612,385)		 Transfers
in/out
£
27,897
4,070
-
-
31,967
(27,897)
10,272
(17,625)
14,342		 As restated
Balance at
31
December
2022
£
669,042
4,128
116
114
673,400
338,833
1,115,830
1,454,663
2,128,063

Page 24

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

14. Statement of funds (continued)

Restricted funds
Youth Conference/Summer
Camp
Vision Offering 2020
Vision Offering Dartford
Vision Offering Tamil
Women's Conference - Closer
Church Plant
Women's Conference - Closer
2022
Staff Wellbeing
Vision Offering 2020
Sittingbourne
Holiday Children's Club
Christmas Bike Giveaway
Youth
Young Lions
Loving Later Life
Vision Offering 2021
Sittingbourne
Vision Offering 2022
Sittingbourne
Ukraine
Total of funds		 Balance at
1 January
2022
£
1,182
801
12,979
2,870
487
29,480
-
-
15,057
14,342
193
130
21
4,207
6,698
-
-
88,447
2,107,600		 As restated
Income
£
991
-
3,795
2,400
-
-
994
600
-
-
-
-
-
-
446
4,473
1,387
15,086
722,039		 Expenditure
£
(991)
-
(500)
-
-
(5,816)
(994)
(600)
-
-
-
-
-
-
-
(1,142)
-
(10,043)
(622,428)		 Transfers
in/out
£
-
-
-
-
-
-
-
-
-
(14,342)
-
-
-
-
-
-
-
(14,342)
-		 As restated
Balance at
31
December
2022
£
1,182
801
16,274
5,270
487
23,664
-
-
15,057
-
193
130
21
4,207
7,144
3,331
1,387
79,148
2,207,211

Page 25

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

14. Statement of funds (continued)

Unrestricted funds

The unrestrcited general funds of the two merged entities have been aggregated together given that their purposes are aligned together.

Purpose of designated funds

Capital fund - The capital fund represents the value of land and buildings included in tangible fixed assets accross the merged entity, less the outstanding balance on the charity's mortgage. Following the merger, the Capital fund has been increased to recognise the value of the merged charity's assets, and as such a transfer has been made from general funds to increase the value of the fund appropriately.

Fulston Move Fund - represents monies set aside for the cost of moving church to Fulston Salary Fund - represents monies set aside from Playschool profits to go towards salaries. During the year the Trustees have reviewed this balance, and have deemed it to be fully utilised at the year end. Resources Fund - represents monies taken from selling resources, mugs, notebooks etc.

Purpose of restricted funds

Youth Conference/Summer Camp - Money given to pay for putting on a youth conference in the summer.

Vision Offering - A specific offering once a year to go towards church planting and community partnership projects. During the year the Trustees have reviewed this balance, and have deemed a transfer to Vision Offering Dartford fund appropriate.

Vision Offering Dartford - A specific offering once a year from Dartford congregation to go towards church planting and community partnership projects. During the year the Trustees have reviewed this balance, and have deemed a transfer from Vision Offering fund appropriate.

Vision Offering Tamil - A specific offering once a year from Tamil to go towards church planting and community partnership projects.

Bike Offering - At Christmas a special offering was taken to be able to buy bikes for children and young people from families that couldn't afford to buy them.

Women's Conference - Closer & Closer 2022 - Money raised for the church to run a womens conference, and ladies contributed towards the cost of the event.

Church Plant - Money contributed for the church plants in London and Ethiopia. During the year the Trustees have reviewed this balance, and have deemed expenditure has been previously spent accroding to the funds purpose, and therefore have made a transfer to generak funds to decrease the value of the fund appropriately. Staff Wellbeing - Money contributed towards the annual staff away day. which staff also contribute towards.

Vision Offering 2020 Fund - represents donations received towards the Vision Offering in 2020, to go towards community projects and church planting. Monies held will continue to be used to fund further community projects.

Holiday Children's Club Fund - represents a grant received to facilitate holiday club, which was postponed due to the Coronavirus pandemic. This money has been spent in the year and the fund balance has been closed.

Christmas Bike Giveaway Fund - represents monies collected to purchase bicycles for children in the community

Youth Fund - represents donations received towards the running of the Youth ministry. Food Bank Fund - represents donations received to provide assistance to the local food bank . Young Lions Fund - represents monies collected to help facilitate a leadership development weekend for the Youth ministry.

Loving Later Life Fund - represents donations received towards the befriending ministry for over 50's in the community. The befriending project was postponed due to the Coronavirus pandemic, but will restart in 2022/23.

Vision Offering 2020, 2021 & 2022 Fund - represents donations received towards the Vision Offering in 2020,2021 & 2022, to go towards community projects and church planting. Monies held will continue to be used to fund further community projects.

Page 26

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

14. Statement of funds (continued)

Ukraine - represents donations received towards an appeal for Ukraine. Monies held will be paid across in the future year.

Community Fund - represents money restricted for community projects and partnerships that arises from surplus giving for community projects from the congregation.

15. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
January
2023
£
673,400
1,454,663
79,148
2,207,211
Balance at
1 January
2022
£
641,433
1,377,720
88,447
2,107,600		 Income
£
-
930,796
20,017
950,813
As restated
Income
£
-
706,953
15,086
722,039		 Expenditure
£
-
(726,651)
(23,609)
(750,260)
Expenditure
£
-
(612,385)
(10,043)
(622,428)		 Transfers
in/out
£
882,718
(871,784)
(10,934)
-
Transfers
in/out
£
31,967
(17,625)
(14,342)
-		 Balance at
31
December
2023
£
1,556,118
787,024
64,622
2,407,764
Balance at
31
December
2022
£
673,400
1,454,663
79,148
Summary of funds - prior year
Designated funds
General funds
Restricted funds
2,207,211

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2023
£
-
64,622
-
-
64,622		 Unrestricted
funds
2023
£
2,144,938
805,622
(38,403)
(569,015)
2,343,142		 Total
funds
2023
£
2,144,938
870,244
(38,403)
(569,015)
2,407,764

Page 27

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2022
£
-
79,148
-
-
79,148		 As restated
Unrestricted
funds
2022
£
2,117,780
616,876
(22,178)
(584,415)
2,128,063		 Total
funds
2022
£
2,117,780
696,024
(22,178)
(584,415)
2,207,211

17. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Increase in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2023
£
200,553
44,894
(47,467)
1,099
199,079
2023
£
762,791
762,791		 As restated
2022
£
99,611
48,739
(33,754)
(18,135)
96,461
As restated
2022
£
635,764
635,764

18. Analysis of cash and cash equivalents

Page 28

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

19. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year		 At 1
January
2023
£
635,764
(12,983)
(584,415)
38,366		 Cash flows
£
127,027
(6,996)
15,400
135,431		 At 31
December
2023
£
762,791
(19,979)
(569,015)
173,797

20. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £6,027 (2022: £5,708). Contributions of £591 (2022: £489) were payable to the fund at the Balance sheet date.

21. Related party transactions

During the period, the Charity received cumulative donations of £4,334 from the Trustees.

Mrs K Morley, wife of R Morley (who is a trustee of the charity), received remuneration and benefits totalling to £47,576 (2022: £48,635) during the year, in her capacity as a church worker.

M Naidoo (Trustee) received £300 in capacity as a visiting speaker honorarium.

Mr E Morley, son of R Morley (who is a trustee of the charity), received remuneration and benefits totalling to £26,511 (2022: £21,505) during the year.

Mrs J Judd, wife of Mr P Judd (who is trustee of the charity), received salary of £32,766 (2022: 30,257) in the year in her capacity as Executive Pastor.

During the year, £3,284 was paid for travel and leadership training costs for Mrs K Morley, Mrs J Judd and Mr R Morley.

22. Post balance sheet events

During the period, the Charity were involved in court proceedings regarding a faulty roof repair which was undertaken during the 2022 year. The court ruled that the Charity was entitled to be re-imbursed the sum of £21,978. As at the date of signing of financial statements, £nil had been received.

Page 29

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford (A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

23. Merger accounting

On 01 August 2023, the activities of Net Church Sittingbourne (registered charity number 1054377) along with all their assets and liabilities were merged with Net Church Dartford (registered charity number 1141375).

The financial statements have been prepared using merger accounting, and applying the true and fair override given that the merged entity is a charitable company. The combination of Net Church Dartford and Net Church Sittingbourne has met the merger accounting criteria under FRS 102. When the charities merged, their purposes were concurrent and the purposes of the merged reporting entity encompass those of the combining charities, with no significant change to classes of beneficiaries or the purpose of the benefits provided.

The Trustees have considered the requirements of FRS102 and the SORP in making this decision, and have therefore adopted merger accounting as the most appropriate form of disclosure so that the financial statements show a true and fair view. Accordingly, as prescribed in the SORP, the comparative financial statements show the aggregate results for the combined charities.

Analysis of principal SoFA components for the current reporting period

Total income
Total expenditure
Net income/(expenditure)
Other gains/(losses)
Net movement in funds		 Net Church
Dartford
(pre-
merger)
£
347,516
(276,828)
70,688
-
70,688		 Net Church
Sittingbour
ne (pre-
merger)
£
229,729
(155,306)
74,423
-
74,423		 Net Church
Dartford
(post-
merger)
£
374,967
(318,126)
56,841
-
56,841		 Combined
total
£
952,212
(750,260)
201,952
-
201,952

Page 30

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

Net Church Dartford

(A company limited by guarantee)

Notes to the financial statements for the year ended 31 December 2023

Analysis of principal SoFA components for the previous reporting period

Total income
Total expenditure
Net income/(expenditure)
Net movement in funds
Total funds brought forward
Total funds carried forward
Analysis of net assets at the date of merger		 Net Church
Dartford
2022
£
449,293
(393,352)
55,941
55,941
999,612
1,055,553		 As restated
Net Church
Sittingbour
ne
2022
£
272,746
(229,076)
43,670
43,670
1,107,988
1,151,658		 Combined
total
2022
£
722,039
(622,428)
99,611
99,611
2,107,600
2,207,211
Net assets
Represented by:
Unrestricted funds
Restricted funds
Total funds		 Net Church
Dartford
2023
£
1,239,764
1,239,764
1,192,702
47,062
1,239,764		 Net Church
Sittingbour
ne
2023
£
1,238,222
1,238,222
1,203,565
34,658
1,238,222		 Combined
total
2023
£
2,477,986
2,477,986
2,396,267
81,720
2,477,986

Page 31

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

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Title: Net Church Dartford - final accounts 2023

Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5

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Dec 14, 2024 07:38:39 GMT

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Document ID: 04869acf-cdb7-43da-b25c-d1aa1748f9f5