CHURCH OF IMPACT LIMITED IA ¢tynpany lknlted by grnnI•• Report and Financial Ststements Year Ended 31st December 2024 Contents Legal and Administrative infornwtion Advisors Aims.Objectives and Activities Financial Revi¢w Structur4 Governance & Management Jnd¢p¢ndent Examiners Report io. Statement of Financial Acttvities Balance Sheet as at 31. December 2024 12-17. Notes forn)ing part of the Financial Statements
CHURCH OF IMPACT LIMITED Legal & Administrative Information Chrity Name: Church Of Impart Limited RegLqtered CbHrity Nurnbtr.. 1143124 Cojwny NumbEr: 7666917 FIMthtit Y¢or btgittnlng: 1st Januw 2024 FIll•wI Y¢artndlng: 31s¢ Decemb¢r 2024 ChwTity's PrThciplE Address: Gre¢nbank Rorf Liske•rf Cornwall. PL14 3DP Offl¢erB of tbt Cbxrlty durlr¥ thE Slcphen Ct%5idy Pastor. Dit#tor Dav Shephetd Comparty Seuetary Susan GHJ¢ David Berry De(tor
CHURCH OF IMPACT LIMITED Church Advigors Bank•rs Barel¥y5 Bank Plc.. l4146ArWay, Flyrnouth PL1 1LA Lcountants Hvken & Dd, 52 Ftye Strt, Cornwall. PL17 7KJ Pag¢ 2
Church Of Impact Limited Our Aims and Objectives Pu oses and aims Our charitys Purposes as set out in the objects conlained in the company's articles of association are for the benefit of the public: To advance the Christian faith accordance with the Statement in such ways and in such parts of the United Kingdom or the World as the directors may from time to time think fit. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the directors may from time to time think fit. To advance education in such ways and in such parts of Unit¢d Kingdom or the world as the directors may from time to time think fit. our work delivers our aims Ensurin Our Ar]nual Review looks at our achievem¢nts and the outcomes of our work in the pievious 12 months. The review looks at each key activity and the benefits they have brought to those groups of people tlw were set up to help. This helps us to ensure our aini objectives and activities remain focused on our purposes stated ab)v¢. We have ref¢rred to the guidance contained in the Charity Commission's general gUidae on public benefit when reviewing our airns and objectEves and in plamjing our future activities. Our Activities Church Activities The church has continued to grow in love and unity. With time devoted to prayer, fasting and to the word - the church family is stronger and growing in numlxr. The growth is steady but the emphasis here is strength and family. We have seen many facets of th¢ Christian faith in servanthood, assisting others in financial need. healing and love. The chUh meets regularly every Sunday for worship, Wednesday evening mid-w¢¢k service, and Friday morning prayer and f&sting. In additioo the Worship Team net every Friday for practice. Page 3
Church Of Impact LimRted Church Of Im act Limited End of Year Re ort 2024 Gr¢¢nbank Care Cvreenbank Care, the Church's domi¢iliary care agency, was successfiY sold on June 29th 2024. Enabling the smooth transition of care for clients, some of whom we had looked after for many years. and the continuation of employment to the wonderful staff. Impact (Tmagine Making People's Attitudes Change Today) Impact was launched in 2013 as a project providing Day-care service4 working with adults with learning difficulties. This ministry has grown to support approximately 20 adults from Monday to Friday with a Tange of activities allowing them to develop skills and access to the community that they would not oth¢rwis¢ experience. Page 4
Church Of Impact Llmited ort to Missions We have maintained regular financial support for Christian missionaries both at home and abroad. Our financial statement SplfieS our church's commitment to this astwt of Christian service. We ¢ontinue to give regularly to the following ministries: World of Worth- supporting children and Bible college students in India. Compassion- Sponsoring children in Uganda through to adulthood. Colombia. IntnatiOnal Church support. Open Dix)rs - Serving Persecuted Christians Worldwide Christian Institute Page S
Church of Impact Limited Financial Review Fundin Principle ftu]ding sourc¢s for the charity ar¢: Church. offering4 donations, legacies and grant fimding Greenbank Care (for part of the year onty). Cornwall Council and Private client fees, grant filling and Impact; Grant funding. fees and donations. Reserves Polic The Trustees have examined the charity's requirements for r¢s¢rves as against the main financial risks and have estab]ished a policy by which the unrestricted and designated fLmds not committed or invested in tangible fixed assets should be between 3 and 6 montELS of exp¢nditur¢. At 31 December 2024 the net current assets in the unrestricted and designated funds just under 2 months of nomMI expenditure. Future Plans With the assurity of increased growth and church numlxrs, tIH)ught and prayer is now being gkven to further services and Bil)le teaching classes to prepar¢ the church. Page 6
Church Of Impact Limited Structure. Governance and Management Govemin Document Church of Impact Limit {forn]erly Gyeenbank Community Church) is a company limit by guarantee. iD¢QTP(Trrated on 13th June 2011 and lStered as a charity on 27th July 201 l. The company was established under a M¢Tnorandum of Association which established the objccts and powers of the ¢haritable company and is govemed under its Articl&s of Association. In the event of th¢ company being wound up members are rrquired to wntribute an amount not exceediTJg £1. In addition lo the Articleg of Associlon the directors have adopted a Church Management Documcnt thit should be read in COlljUT]¢tion with the Articles. The Church Management Docu¥n¢nt is subsidiary to the Articles of Association and all temJ5 US ID th¢ Church Management Docuraent shall hav¢ the meaning attributed to them in the Articles. intment of Direclors The directors of the company are also charity trnstees forthe pUoSeS of chwity law. Under the Church Management Document all dirtxtors are members of the charitys n¥llgement committee known as the Church Council. Under the Articles of Association th¢ directors shall comprise the Senior Minister of the church together with such persons &8 the Senior Minister shall nominale and the directors Y from time to time &ppoinl. DiredoTS are not required to retire by rolation. Temis for the resignation, disqua]ifi(xtion or removal of direetora are as required by the appropriate sections of the Articles of Association. Details of persons serving &5 directors and membet3 of thc Church Council are as Shown on the Legal and Athninistrativ¢ s¢ction on page l of this report. anisational Slruclure The ministry and work of Church of Impact Limited is oVeeen by the Church Council that meets on a regular basis and at leost 6 tim¢s each year. Th¢ rtsponsibilities of individual dtrectors are as delegated by lh¢ Senior Minister and Sentor Leader. who is also ihc Chairnwi of the Chur¢h Council. The Senior Lead has overall responsibility for ensuring ihe charity deltvers s¢rvi¢e5 and public benefit in accordanee with its ain and objectives &8 laid out in the Articles of Associalion. chUh Of Impact Limited is in fellowship with the national drity Assembli¢5 of God in Great Britain which nCtiOns through its Gen¢tal Conf¢r¢nc¢ and Regional Councils. A wresentative/d¢lyt¢ is appoimed to repsent and vote on behalf of the church at such meetings. Res onsibilities of Directors Company law requires the directOTS to prepare financial statements for each fiTJancial year that give a In and fair view of the companies affairs as al the balance Sheet dale. The financia] atements should include dctails ofthe charitys income, expenditure and appli¢&tion of SoTru for financial year. In preparing the financial statements the d1CtO15 havw. a) Selected suitable accounting poli¢ics and applied them consistently. b) Made judg¢m¢nts and eslimtes thal are re&8onable and pn¢llt. c) Pr¢pared the financial statements on a going concern basis. Pag9 7
Church Of Impact Limited Res onsibilities of Directors continued The directors are responsibk for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitabl¢ Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the Prevention and det¢ction of fraud and any other irregularkties. In accordance with company law the directors certify that: So far as w¢ are aware, there is no relevant financial infornmtion that has not been provided to the company's accountants in order for them to undertake their independent examination of the financial statements. As directors of the company we have taken all of the steps that we ought to have taken in order to make ourselves aware of all rel¢vant fmancial ]nfornl]0n and to establish that the chaTity's accountants are supplied with that infornjation. Inde endent Examiners The directors agre¢d to re-appoint Messrs. Daw¢ Hawken & Dodd as the Company's accountants and independent examiners for the year ending 3 1st December 2024 and Messrs Dawe Hawken & Dodd bave expressed their willingness to continue in that ¢apacty. Statement This report has been prepar¢d in accordance with the Statement of Recomm¢nded Practice: Accounting and Reporting by Cl]arities and in accordance with the special provisions of the Companies Act 2006 relating to small entities. Approved by the Directors and signed on their behalf by: David Beny (Director) Dated . Page 8
Inde endent Examiner's Re to the Directors of Church of Im on the Accounts for the act ear ended 31 December 2024 st I report on the accounts for the year ended 31" December, 2024 which are set out on pages 10 to 17. Respeetive Responsibilities of the Directors and Independent Exydminer The charity's directors consider that an audit is not required for this year under section 144{2) of the ChaTities Act 2011 (th¢ 2011 Act) and that an independent examination is needed. It is my responsibility to- examine the accounts under section 145 of the 201 l Act. follow the procedures laid down in the General Dtrections given by the Charity Commissioners section 145(5)(b) of the 2011 Act. and stale whether particular matters have come to my attention. Basis of Independent Examiner's Statement My examination was carried out in accordance with the 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 management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the Accounts. Independent Examiner's Statement In connection with my examination, no matters have come to our attention: l) Which give me reasonable ¢ause to believe that in any material respect the requirements to keep accounting records in accordance with s. 130 of the 2011 Act. or to prepar¢ accounts which accord with these accounting records have not been met. or 2) to which, in my opinion, attention should be d accounts to be reached. wn in order lo enable a proper understanding of the Andrew Farr FCCA DaTrve, Hawken & Dodd, Chartered Certified Aecountants, 52 Fore Stree Callingtoll, Cornwall. PL17 7AJ Daied.. 22nd July, 2025 Page 9
Church Of Impact Limited Statement of Finaneial Activities Year Ended 31st December 2024 Unr•stii¢t¢d D¢8lgnatsd Restrict Funds Fund$ Total 2024 Total 2023 INCOMING RESOURCES Voluntary income Income from ministries and fundraising Income from charitable activities other incoming resources Investment income Pr¢Jceeds of sale of Greenbank Care 66.749 66.749 86,240 2b 2c 331.BB8 331.888 420,185 3,448 2d 2e 60 84,395 £0 £485.636 84,395 £416.283 £69.353 £509.873 RESOURCES USED Outward giving Church act¢vilies Chaiilable & ancillary trading M8n8gement and a(Jminislration Depre(¥ation 3a 3b 9,953 757 9,953 757 10,944 132 313.690 313.690 125,567 8,875 £0 £458.842 372.068 96,620 8,021 £487,785 125.567 3.115 £139.392 5,760 £319.450 NET INCOMING I (OUTGOING) RESOURCE8 170,039 96,833 26.794 22.088 GROP TRANSFERS BEfwEEN FUNDS 108.395 (108,395) NET MOVEMENT IN FUNDS £38,356 1£11.5621 £26.794 22,088 Brought forward 1st January 2024 269.798 99,005 219 369,022 £346,934 BALANCES AT 31st DECEMBER 2024 £308.154 £87.443 £219 £395.816 £369.022 Page 10
Chureh Of Impact Limited Balance Sheet As at 31st December 2024 Total 2024 Totsi 2023 Fund¥ FIXED ASSETS TaThgibl8 f8d assets InVe61mentOIs 329.650 338.183 324.041 £8.533 183 £324.041 Debtors & prepaymenb Cash at bank artil in halld 4,492 14,914 £19.406 74.104 70.111 £84,215 78. 31.818 25.244 62.996 £103.840 £94,814 219 £219 CURRENT LIABILtTIES Arnoutttslallitsy dup vthhln omjwr NET CURReNT ASSETS 3.616 £15.790 8.921 9,808 £94.919 £85.006 £78.910 £219 219 433.102 409,047 CREDORs.. Amnts tslllny dug aftsr more than one year fjb 37286 154 37.286 40,025 £396,816 £369.022 NEf AS8Ers £87A43 £219 FLINDS Op8ning bolancoB Sur$1{Dofir) 269.798 38,358 99.005 111.5621 219 26.794 22.088 £308.154 £219 £395M16 £369,022 Forthe year endirwJ 31112r2024 the wpany was entbued to exemplion from audri under Section 47T ofthe Comwies Act 20(6 relaling to sm811 compan18& Thp membwy have not Tequired the tMpanY lo olAn an audit ofits accounts f(Ktho ats)Jrdance Sedon 476. The Ifirectors acknowledge their responsibile$ for cMplyIng vrilh the requirwwnts of the Actwith respect to aco)unltng records atMI the preparation of accounts. These accKoJnts hav& b8en prepared a)[dance y11] the provlsk)ns appli(ble to panIeS subiectto Ihe small companies'regima.. Approvgd by the Churth Councll Mg¢ting held on and $bJned on it8 behallby. S Cassidy Pag811
Church Of Impact Llmited Notes to the Financial Statements Year Ended 31st December 2024 AccouiifiNG POUCIES Basi$ of accounting The Financial Statements have been prq)ar¢d in accordance with applicable ac¢ountxng standards and the Charities Statement of RecomMed Practice (SORP) 2005. They have also IKen prepared under the historical cost convention, including the value shown for the freehold land and buildings owned by Church of Impact Limited .The ac¢ounts include all transactions, assets and liabilities for which the directors are responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are inforn)al gatherings of Church members. Change in basis of aeeounting There has en no change to the accounting policies (valuation rules and methods of accounting) since last year. Changes to previous accounts No changes have been made to accounts for previous years. Incoming Resources Voluntary income and capital sources Tithes and Offerings ar¢ recognised when received by or on bebalf of the Church. Special offerings are recognised when received by and on behalf of the ChurclL Incoming resources from tax reclainls ar¢ included on the SOFA at the same tlme as the gift to which they relate. Other ordinary income Sundry receipts of incorne are accounted for when rw¢ived. Jncomefrom inveslmen¢s Dividends and interest are accounted for when receiv¢d. Tax recoverable on such income is recognised in the same accounting year. Gains and losses on inveslments Realised gains or losses are recognised when investments are sold. Unrealised gains or losses ar¢ accounted for on r¢valuation of investments at 31 December. Resoure¢5 used Otltward Giving These are accounted for when paid over, or when awarded, if that award creates a binding obligation on the Church Council. Activities directly relating to the work of ihe church These are accounted for when actually paid out. Page 12
Church of Impact Llmited Notes to the Financial Statements Year ended 31st December 2024 2 INCOMING RESOURCES Unrestrlcted Deslgnatod Restrlcted Fund8 Funds Funds Total Funds 2024 2023 2a Volunlary income Tithes. offerings and donations Tax refvnds 62,053 4,696 £66,749 62,053 76,275 4,696 9,965 66,749 £86,240 £0 2b Income from ministries & fundralsing Saltash Church Youth and children's ministy £0 2c Income from charltable actlvlties Greenbank Care Impact 102,427 229,461 102.427 262.688 229,461 157,497 £0 £331,888 £0 £331,888 £420,185 2d Oth•r incoming resources Income from fees etc. Grants received (incl Furlough) Sundry income 2,544 2,544 £2.544 3,448 £3,448 2e Income from InveBlmonts Bank interest weived Dividends received 60 60 60 60 2f Salo of Greenbank Care 154,J96 £416,283 84.395 £0 £485,636 £509,873 TOTAL INCOMING RESOURCES £69,353 Page 13
Church Of Impact Limited Notes to the Financial Statements Year ended 31st December 2024 3 RESOURCES USED Unroltrlctsd D••tgnat•d R•Jtiictsd Funds Fund# Fund• Totsl 2024 Total 2023 3a Outward Gfvlng Tithe$ and offerings Grfts to mi$sK)naiies & vBiting ministers Mission, Pastoral Care, Outteach & Hosthlty 4,940 3.9YS 550 6.419 £10,944 5.013 £9,953 5,013 £9,953 3b Church A¢tivitios Youth & childn$ ministy 757 £757 757 £757 132 £132 3c Chavltbkn and Ancillary Trading Greenbank ¢arn and Imp¢t Wages & SaJaTre8 mini$tfation Insurance Training Mileage Costs Sundries Minibus F888 & Sbscrtioftts Bad Debts 280,852 280,852 333.362 1.584 918 12,750 4.625 10,490 310 310 7,770 9,979 11,048 871 9.979 17.¢M8 871 £313,890 £313,690 £372,068 3d Managem•nt& AdmlnS•htkJn Electricty & Ga5 Watsr charyes Telephone & intemet Recycltng & waste disposal Consumabbs Office & adMIntratiOn Insurance Fees, Sub5cription8 & Givarn8nc• Conferen¢e5 & training G.C.C. Salari85, PAYE & peThsions Property maintenancè Equipment maintenanc• Loan interest M8rketing incl rtrbranding Sundry exronses 4.046 733 4,046 3,961 631 926 1.772 2,221 1,829 5.509 5.033 63.460 29.024 2.282 2,1 2,221 1.829 5,509 5.033 63.460 29.024 2,282 2,851 303 1.805 3.981 3.379 80.251 10,099 797 3.245 890 2.936 £96.620 5,107 £125.587 5.107 £0 £125.567 £0 3e Flxed As¥•t D•preciatlon L0551lprofrtl on di8posal Equipm8nt 3,020 £3,115 5,760 £5.760 8.780 £8.875 8.021 £8,021 £0 TOTAL RESOURCES EXPENDED £139,392 £319MSO £458I42 £487.78S Page 14
Chureh Of Impact Limited otes to the Financial Statements Year ended 31st December 2024 4 FIXED ASSETS USED BY THE CHURCH 4a Tanglblo Flx•d A$8•ts Land and Building8 Equlpment Vohi¢ Total Cost Al 1st January 2024 Addition$ Disposals At 3181 December 2024 28,799 303,478 10.754 38,140 12,263 637 49,766 370,417 23,017 637 392,797 28,799 314,232 Depreciallon At 1st J8nuary 2024 Charge for the Year Rèlating lo Dispo8818 Al 31st December 2024 17,280 5,760 29,096 3.020 542 31,574 46.376 8,780 542 54,614 23,040 N•t book valuo At 3181 December 2023 £11,519 £303,478 £9,044 £324,041 Al 31st December 2024 £5,7S9 £314,232 £18.192 £338,183 The Freehold Land and Buildings brought forward comprise ofthe Genbank Communtty Church building in Greenbank Road.The values calculated from the original costs plus all expenditure incurred to tsnovate both the interior and exterior of the buikling. Additional capital expandture 1$ shown when il is Incud, and geneTal repairs and maintenance costs are shown as revenug expenditure in the income and expenditure account. 6 Currnnt Assets Vnrestrictod D&signatsd Rostrlcted Funds Funds Funds Total Funds 2024 2023 5a Dabtors & pr•payments OtherTaxalion & Social Security Sale of Greenbank Care Impact 4.492 4,492 57,000 17,104 £78,596 57.lJOO 17.104 £14,104 31.818 £31,818 £4,492 £0 Page 15
Church Of Impact Limited Notes to the Financial Statements Year ended 31st December 2024 6a CREDITORS due wlthln one yoar Unrestrlcted Designated Restrfcted Funds Funds Funds 2,180 678 758 Total Funds 2024 2.180 5,263 1.478 2023 1,800 Bank Loan due in 1 year Creditors Ac¢nJal$ Other Taxatton & So31 SOCUI 4.585 720 1,180 6,828 £9,808 £3,616 £5,305 £8,921 6b CREDITORS duo aftsr more than ono yr Bank loan due in more than 1 year £37.286 £37,286 £40.025 7 STAFF COSTS staff Costs during tho yearwas as follows. 2024 325,392 18,920 £344.312 15 2023 375,545 20,454 £395.999 20 Gross Pay Employers Nl Average number of employee5 during the year The following Trustees were employed by the Charity ¢Juring the year.. Stephen Ca$$idy Senior Pastor David Berry Trustee 8 TRANSACTIONS WH TRUSTEES AND RELATED PARTIES The amount of payment or reimbursemtnl of oul of pocket expenses made to Iruslees and persons connocted to the Iru$lee3 duriring th* year was as follows. Destrlption of tho transaction Managerfs Salary Senior PasloV$ Safary Salary Salary Salary Buitding Works Nam• of Trusts• or related party Sarah Berry Stephen Cassidy David Berry Liliana Cas8Sdy EABerry N Berry 9 ACCOUNTANCY FEES Professional fees in mspsct of Independgnt Examination of the Financial Ststements. Rol#tionship to Chaflty Wrfe of Charity Trustse Charity Trustee Charity Twstee Wife of Charity Trustee Child of Trustee Child of Trustee Amount £33,052 £25.633 £15,457 £25,633 £15,219 £7,581 2023 2024 £1 £1,260 Page 16
Church of Impaet Limited Notes to the Financial StatemeDt5 Year ended 31st December 2024 10 FUND DEfAILS 10a Unrestrl¢t•d Fund• Unrestricted funds a not subje¢tto any restrKtsons in regard their use and 8ro available for apIcatIon on the general purposes of the Church Council. 10b Deslgnated Funds Designated fvnds repfesentthose parts of unfestricted funds Ihal the Church Council have designated for a speafic pu0$0. Nam6 of Fund Impact Fund Minibus Fund Main Pu Funding lrnpact PvIsion ol minibus f Fund Main sour of Incomè Ancillary trading Grants & Donatsons Balance 87.443 £87A43 10c Rtr1¢ted Fn5 Restricted fvnd5 represent monies given for a ptfiC Purpose. and may only be used for that purpose. Those funds are not 8V8i18ble to th& Churth Counc¢l for use towards Ihè general njnning ofthe church. The various restn.cted funds an¢J thtr balances hekl at 31 December 2024 are as follows. Name of Fund Lyte Fund inPu se of Fund Youth Work Main Source of It0M Grant BBlan 219 £219 Endowment Funds There are endowment funds hejd 81 wesent. M0M#t of maJorfund$ N8rne of Fun Impaci Fund Minibus Fund Building Development Funi Lyt$ Furxl 10d Brou Fwd 1n Lmè Transfers Carried Fwd 416,283 319,450 -108,395 87,443 219 219 Total F nds £99,224 £41e.283 £319,450 4108,395 £87,662 Page17