CHARITY REGISTRATION NUMBER: 1144138 Latimer Congregational Church Unaudited Financial Statements 31 December 2023 CARRINGTON BLAKE ACCOUNTANCY Jack Dash House 2 Lawn House Close London United Kingdom E14 9YQ
Latimer Congregational Church Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examinerfs report to the trustees Statemenl of financial activities Statement of financial position Notes to the financial statements The following pages do not forni part of the financial statements Detsiled *atement of financial activities Notes to the detailed statement of financial activities 14 15
Latimer Congregatlonal Church Trustees. Annual Report Year ended 31 December 2023 The trustees present their rert and the unaudited finanaal st8tèments of the chartty lor the yè8r ended 31 December 2023. Ref•rènee and administratrve detall$ Register•d chaTSty name Latimer Congreg8tional Church Charity registration number 1144138 Princtpal office Latim8r Congregational Chutch Emest Street Stepney London E1 4LS The trustees Mrs S Brighton N Stephenson Rev S Wade Ms C Becares Indepondnt examiner Peter Mabinuori Carringlon Blake Accountsnw Ltd Jack Dash House 2 Lawn House Close London Unfced Kingdom E14 9YQ Objedrv•s and acttvitlès The principd purpose of thg Church is the advancèment of the Christian fath according to the principles and usages for thg time being of Congregationalism and in accordance with any specrfie requ1ments in the Foundation Trusts. The Chur( may also advance education. relieve need and cary out other charitable purposes in the Untw Kingdom and other parts of the wortd. Latimer Congregational Church continues to worship as a small fèllowship. We promotè the gospel of Jesus Chrtst through prdise. worship and thè teaching and preaching of God's word. We show God's love by living as Chrisfs ambassadors within our local community. doing, helping and providing as muth as we can offer in His name, as individuals and as a congregation. We also maintstn our ministy to the elderly wttt) prayer, comfort, companionship, and spiritual and practical needs. Our worship is ts appropriate and availatA8 for all agss abilibes. One of the ways to fvlfill the advanment of the Christian faith is by the provision tsf exrnent facilities for other chrisb.an charities and oryanis8tions to reach out to thg local community, nationally and globally. The subsid(sed accommodation enables Christian organisalions b meet, worship. plan and contsrence in a )dentral setbng and a fully equipp6d chapel for worship and prayer. We are fully èquipped for dIsabile$ with a plarfom Irft. and designated bedrootn and bathroom facilitEs. We We supply large print books and onscreen text and have 8 loop system for the hearing impaired.
Latimer Congregational Church Trustees, Annual Report {¢onntnued) Year onded 31 December 2023 Achievemants and perfolmance Wè employ a full-time minkster who shares hèr minw wtth a stster church in KenL promoting the Gospel tn both curches. She is involved locally Mlh thè ¢ommunty care toam in Tower Hamlets reaching out to the housebound and lonely with support and vi%ts, bringtng them intrj church fellowship and encouraging their faith joumoy. Wè abo employ a Church Support worker lo support the pastor in the wnning of the building and church activities. She conh.nues to be the Chtsrches r¢presentative al a a Natronal level with tho Federation. In 2023 WÈ continued to preach the gospél to as many as possible through silent prayer groups and open Church days. We held serViS of worship every Thursday followed by a church and communty lund). Communion was shared monthly. We continued to have open garden days and encouraged thè local surrounding Community to particlpate through events and gardening proiects. Hope UK still works in the area locally, so we are working in pathership to spread the good nèws and eneA)urage healthy, dnjg free lives through educ10 Financial rnview The charitys prinapal source of funds is derivèd from a o)ntinuing tenancy, undar the Hallrford Trust, with the Latimer Congregational Church bein9 the sole beneficiary. The current annual TrtaI of Frith Grange & Granoè Farm, Upper Hallrforcf, Shepperton-un-Thames, TW17 8SQ, generatES £147 000 per annum, payable in quarterly instalments. Tho tenancy is re-negot4ated by, the Custodian Trustees. The Congregational Federation Limited. ¥.1 q Iz The trustees, annual report was approvèd on ...... . ..................... and sign8d on behaw of the board of trustees by. Mts S Bghton Truste8
Latimer Congregational Church Independent Examinerfs Report to the Trustees of Latimer Congregational Church Year ended 31 December 2023 I report to the trustees on my examination of the finandal ststements of Latimer Congrègational Church {'the chariV} for the year ended 31 Decémber 2023. Re$ponslbilitiès and basls of report The tJustees are also the directors of the company for the purposes of company law arè Trsponsible for the preparation of the financral statemènts. The trustees consider that an audit is not required fL this year under section 144121 of the Charities Ad 2011 (the 2011 Act) and that an independent examination 15 needed. Having satisfied that the charity is not subject to audtt under company law and is eligiblè for independent examin8ts"on, tt is my responsibilityto.. ex8mine the accounts unders¥tion 145 ofthè 2011 A¢ to follow the procedures laid down in the ggneral Directions given by the Charity Cornmission under section 145{51{bl of the 2011 Actr, an to stale whether particular matters have corne tr) my attention. Indépendent examinerfs Statemént In connéction with my examination, no matter has come to my attention: which gives me reasonable cause to believe thal in any matèrial rgspect the requirements.. lo keep accounting records in accordance section 386 of the Companies Act 2006, and to prepare 8ccounts which accord with the accounting records. comply the a¢Unting requirements of section 396 of the Companies Act 2006 and with thè methods and principles of thg Statement of Recommended Practi¢¢: AcccwJntin9 and Reportin9 by Charities Peter Mabinuori Carrington Blake Accountsncy Ltd Independtrnt Examiner Ja¢k Dash Housè 2 Lawn House Close London United Kingdom E14 9YQ
Latimer Congregational Church Statement of Fwnancial A1vitieS Year ended 31 December 2023 2023 Unrestricted fvnds T¢tal funds Total fvrvjs 2022 Income and endowments Charitable activitiés Irwesb)ient income Total income 181,195 181,195 165,721 417 181,195 181,195 166,138 xpenditure Expenditure on raising fvnds= Costs of Charitable Activities Total eXndIture 116,414 116.414 174.760 116,414 716.474 174,760 Net Incomel(expenditure) and nèt movement In fund$ 64,781 64.781 18.6221 Roconciliation of fvnds Total furKls brought forward 4,104.186 4.104.186 4.112,808 Total funds carried fornrd 4,168.967 4.168,967 4.104.186 Th¢ statement of fin8ncRI activities includes all gains and losses cOgnIs&d in the year. All incoma and expendituro deriv& from CDntinuing adtirities. ThÈ notes on pages 6 to 12 forrn part tsfthose finan¢laJ ststements.
Latimer Congregational Church statsment of Flnancial Positlon 31 December 2023 2023 2022 Fixed assets Tangible ass¢ts 10 3.726,299 3.689.299 Current assets Cash at bank and in hand Net eurrent assets 445,375 417,594 445.375 417.594 Total assets less current liablliti•s 4.171,674 4,106.893 Credltors: amounts fallin9 due after more than one year 12 2.707 2,707 Nèt assèts 4,168,967 4,104,186 Funds of the charity Unrestrictecj funds.. Revaluation reserve (Xher unStrICted income fund 526.771 3.642.198 526.771 3.577,415 Total unrestrfcted funds 4,168,967 4,104.186 Total charity funds 14 4.168.%7 4.104,186 TFE8e fina statements were approvèd by the board of tn(stees and authorised for issu¢ and are srgned on beh8Lf of th¢ board by.. Mrs S Brighton Trustee The rrotes on paws 6 to 12 form part of these financial statements.
Latimer Congregational Church Notes to the Financial Statements Year ended 31 December 2023 General inforniation The ¢h8rity is 8 public ben¢fft entity and a gistered charity in England and Wales and is unino)rpor8led. The address of prinapal office ts The Manse. Latimer Church, Ernest Stre6( London. E1 4LS. Statement of compliance These ffnanaal statemonts hav8 been ppared in compliance wtth FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Irejand,. the Ststement of Récomm¢nded Practice applicable to charitiès preparing their accounts in accord8nce with the Financial Reporting Standard applie8bl& in the UK and Republic of Irelar¥J {FRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Accounting ptslicles Basis of preparatlon The finanual statements have been prepared on the historical cost basis, as modffied by the revaluation of certain finanGial assets and liabilities and rnvestmerf Prope$ Measur at fair value through Income or ÈxpendibJ. The financHI ststements are prepared in sterling, which i¥ the functional cutrgnGy of entity. Going conc•rn rhere a no material uncertainties aboth the charivs abiltty to continue. Fund a¢counting Unrestrided fiJnds are avai18ble for use al the discretion of the trustegs lo further any of the charitys purpos&8. Desigftaled funds are unrestricted ftjnds eam8rked by the trustees for paCUl8r fijture project or cornmitrnent. Restricted fvnds are subjected lo restrictions on their expendtture dedared by the donor or through the temis of an appeal. and fall into one of two sub-classes.. restricted income funds or endowmÈnt funds.
Latimer Congregational Church Notes to the Financial Statements (¢orttrnuedJ Year ended 31 December 2023 Accounting poli¢ie$ (¢onllntsF Incoming resources All incoming resourees ar¢ induded in the statement of finanaal actiVe$ when entitlement has passed to the chaty, it is probablè that the eo)nomic benefits assoctated wth the trdnsaction flow to the charity and the amount can be reliably measUd. The followng specth¢ poli¢ie5 a applied to partFcularcatègori¢s of income= income from donations or grants L% re¢ognised whèn there ss evJants of entluement to the gtft, ceipt is probable and tis amount can be measured reliably. le9acy income is rocognised when raceipt is probable and entidèment 1$ tablIShed. income from donated good$ measured at the fair value of the gOS unless this is Impractical to measure reliably. in whKh case the value is derived from the cost to the donor or the eslimatÈd resale Wdlue. Donated faolities and services are recognised in the accounts wh6n reived rf the value can be rejiably measured. No amounts are in¢luded foi the contributon of general volunteèrs. rn(me fr¢fft contracts for the supply of ServIS is recognised wrth the d¢livery of the contracted servi. Thls is classtfied as unrestrirted funds unless there is a contractual req¢Jiiement for it to be spent on a pgrticular puw and returned rf unspent. in whrch se may be regarded as r8Stricted. Resources expended Expenditure is refJ)gnised on an accruals basis as a liability is Incur. Expendthre includes any VAT whh cannol be fvlly recovered, and is classified under headings of the stalemenl of financial arbvities to which it relates.. expenditur8 on raising funds indudes the costs of all fundraising actiwtses, events, nonknch8ritable trading athties. and the sale of don8ted goods. expenditure on charitable actwities IndeS all costs incurred by a charity in undertaking actiwties that furthèr tts charitable aims for thè benefit of ts beneficiaries, including those support costs and costs relating to the governance of the charity appotboned to charitable activities. other expenditure iTrotudes all expenditure that is neither relatsd to ralslng fvnds for the charity nor part of its expendtture on charitable sctwities. Al costs are allOted tr) #xpend[re categories refi6cting the Ljse of the resouTce. Direct costs attbtable to a single acttvity a allocated directly to that 2cbvty. Sharèd costs are appottioned between thè activtties they contribute to on a reasonable, justifiable and consk8tènl basis. Tangible assèts Tangible assèts are inittally r&corded at cost, and subsequenlly 5tsted at cost less any accumukted depreciation and impaimienl losses. Any tangible assets carried at revalv amounts are recorded at the fair value at the date of revaluation less any subsequent accumuL7ted depreciation and subsequènt accumulated impairment losses_
Latimer Congregational Church Notes to the Financial Statements (Conthuety Year ended 31 December 2023 Accounting policles fcon&nvedJ Tangible assèts (CQntintssdJ An increase in the caryng amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it revetses a charge for impairment that has previously been recognised as expenditure within the statement of financial activtbes. A decrease in the ¢arTwng amount of an asset as a result of rev81uation. is rewni5ed in other reco9nised gains and lossès, except to which it offsets any previous revaluats'on gain. in which case the loss is shown WItn other recognised gains and losses on the statement of financial artrvibès. Impainnent offix•d assets A ieview for indicators of impairment i% carried out at each reporng date, vAth the recoverable amount being eslimated where such indirators exisL Where the carying value exceeds the recoverable arnount, the asset ts impaired accordingly. Prior impairrnents are also reviewed for possible revers81 at each p0r[g dale. For the purposes of Nvpairment testing, when rt is not possible to Èstimate the recoverable amount of an individual assec an estimate is made of the recoverable amount of the cash-gen8rating unit lo which the asset belongs. The cash-generating urkit is the smallest idenlrfiable group of assets that indudes the asset and generates cash irffiows that largely indendent of the cash infiows from other a&sets or groups of assets. For itnpairment testifig of goodwill, th¢ goodwill acquirgd in 8 business ¢omblnation is, fft)m the acquisition date. allocated to e8th of the (xsh-g8nerating units that a expected tt) benefit fFom the synèrgies of the combination. irrespective of whèther otrer a¥sets or liabilities of the charEty Bre assigned to those unts. Financlal instrum•nts A financial asset or a fjnancial liability Is recognised only when the tharity b8o)mes a party to the contracttFal provtsions of the instrumenL Basic finanoal instruménts are inrtially r¢(x)gnised at the amount receivabla or payable including any rèlated transaction wsts. Current assets and current liabilthes ar? subsequentty rneasured at the cash or other ¢ortsideration exwcted lo be paid or received and not discounted. Debt Fnstruments are subsequenfjy rneasured at amortised cut. Wherè investments in sha$ are publicjy traded or their fair valuè can othemse be measured reliably. the inveslrnent is subsequenlly measured at fair value with (anges in fair valu¢ recogni%ed in intome and èxpenditure. Al othgr such inveslmerts are subsequenuy measured at st lèss impaimiènt Other financFal instruments. including derivativès, aro initially recognised at fair value unles5 payment for an asset ts deferrèd beyond norn)al business temig or fjnanced at a rate of interest that is not a martet rate, in which case the asset is measured at the present value of the fvtu payTnènls discounted at a Ma¢t rate of interest for a similar debt instrnmenl. Other finanetal instruments are subsequenvy rneasur at fair value. ¥wlh any changes reccyJnised in the statement of financial activities. with the exception ol hedging instruments in a designd hedging tIOnShIp.
Latimer Congregatlonal Church Notes to the Flnancial Statements (Conknued) Year ended 31 December 2023 Accounting policies fGonbntsedJ Finan¢ial instruments (Ci)ttlinv¢dJ Financial assets that are measured at cost or amorbsed cost are revièwed for obiectfve emdencè of impairment al the end df ea(* retK>rting date. If there is objective evidence of impairment. an impairment l¢)ss is Fecognised under the appmpTiate heading in thè statement of financial actwities in which the initk?I gain was reco9nised. For all equtty instruments regardless of signrficancè. and other financial assets that are individually sIgnthnt, thesè are assessed Individually for impairment Other fjnanual assets are eitherassessed individually or grouped on the basis of similar credit risk ch8racteristics. Any reversals of impaiment are recognised immediately. to the extent that thè revetsal does not r¢sult in a (2rrying amount of thè financial asset that exceeds what Ihe ca¥rying amount would have been had the impairment not prevK>usly been recogritsed. Defined contributiorF plans Conthbutions to defin6d contribution plans are recognised as an expense in thè perlod in whlch the rèlated service is provided. Prgpaid contributions are recognised as an a&¥et to thè extent that the PrepaTer will lead to a reduction in future payTnents or a cash refund. When contributions are not expected to be sethed wholly wtthin 12 months of the end of the reporting date in which the employees render the related service. the h'ability is measured on 8 discounted present valuÈ basis. The unwinding of the disGount is rec()gnised as an expense in the period in which tt arises. Charitable a¢tiviti•s Unrestricted Total Funds Unrestrcted Total Funds Funds 2023 Funds 2022 Sales- LatimÈr- Bookings les- Pemberton Bamps & DonatnS Sales- Halrford Sales - L8tirner- Hall & Car part hire Other SrKomtr 27,703 27,703 14,637 74,637 1.OCtO 147,000 1,920 3,572 1.000 147.000 1,920 3,572 1.000 747,000 2,605 479 1,000 147,000 2,605 479 181.195 181,195 165.721 165,721 Investment income Unrestrtcted Total Funds Unrèstricted Tot Funds Funds 2023 Funds 2022 Interest from cash in$tents 417 417
Latirner Congregational Church Notes to the Financial Statements (continu Year ended 31 December 2023 Costs of charitable activitFeg Unrestricted Total Funds Unrestrietgd Total Funds Funds 2023 Funds Costs of ratsing donations and legacies - Other type 1 Costs of ratsing donations and lega¢igs - Othertype 2 Costs of raising donations arKI lega¢ies - Othertype 3 101.388 101,388 92,538 92.538 6,022 6,022 7,670 7.670 9,004 9,IKJ4 74.552 74,552 116.414 116,414 774.760 174.760 Indèpendènt examination fees 2023 2022 Fees payable to the independent examinerfor Independènt examinab.on of the financial ststements 2,340 staff costs The average head count of employees during the year was 212022: 21. The average number of full-time equivalent empbyees during the year is analysed as follows- 2023 No. 2022 No. Number ofstsff ND èmpk)y&e received emF4oyee benèffts of more thon £80,000 durfng th6 year12022'. Nil). Trustse remuneration and expÈnse5 One trustee has been paid remuneration from employmént wth the charity. In addition. where remuneration has been received. the follohwng must be disdosed: The name of the remunerated trustse is Pastor Sue Wade.. The amount of remuneratron paid is displayed under note 9. 10
Latimer Congregational Church Notes to the Financlal Statements {¢ontlniRdJ Year ended 31 December 2023 10. Tangiblo fixed ats Freehold pmpety Cost At 1 January2023 Additions 3,689.299 37,000 At 31 December 2023 3,726,299 DePre¢laOn At 1 January 2023 and 31 De¢¢mber 2023 Cming amount At 31 December2023 3.726.299 At 31 Dernber 2022 3,689,299 11. Fixed assets Latimer Con9regational Church owns Three Properties, the Churth, Grange Farm - Hallrford and the Manse. The Value of Ih95e assets forthe period endin9 31st December 2023 aro as foll£)ws', The Church Gr8nge Farm- Halliford £1,981.3111£1.981.311 20221 The Manse £1.532,433 {£1.532,433- 2022) £175.555 1£175,555- 2022} The assets above are recognised in the statsrnent of finanual position for the year ènded 31st December2023. 12. Creditors-. amounts falling due after more than on• year 2023 2022 Accruals and deferred inttjme 2,707 2.707 13. Pensions and other post retlrement bènefits Defined contribution plans The amourrt re91)ised in income or expenditurè as an expense in relation to defined ntribution plans was £6.865 {2022-. £6,891}.
Latimer Congregational Church Notes to the Financial Statements (conti¥yuedJ Year ended 31 December 2023 1& Analysis of charitsble fvnds Unrestrsctèd funds At l Janu8ry 202 31 DÈ¢ember 2023 Income Expenditure General funds Revaluation r8S8rve 3,577,415 526.771 181.195 (116.4141 3.642,196 526,771 4.104.186 181,195 (116.414) 4.168.967 At 31 Dècember 2022 1 January202 Income Expenditure General funds Revaluation reseNe 3.586,037 526,771 166,138 (174.760) 3.5TT,41 S 526.771 4.112.808 166.138 1174.760) 4.104,186 12
Latimer Congregational Church Management Infomiation Year ended 31 December 2023 Tho following pages do not form part ofthe financial statements. 13
Latimer Congregational Church Detailed Statement of Financial Actfvities Year ended 31 December 2023 2023 2022 Ineome and endowments Charitable aetivib Sales - Latimer- Bookings Sales- Pemberton Bames & Donations Sales- Halrford Salgs- Latimer- Hall & Car park hire Other income 27.703 1,000 147.000 1,920 3,572 14,637 1.000 147,000 2,605 479 181.195 165,721 Investment income Inkrest frorn cash investments 417 Totsl lfteorne 181.195 166,138
Latimer Congregational Church Notes to the Detailed Statement of Flnancial Activities Year ended 31 December 2023 2023 2022 Costs of Charitable Activities Costs of raising donatrons and legaeies - Other type 1 Wages and salaries Pension $ts Light & heat Health & Safety Legal and professional fe&s Telephone Other office c) Cleaning and Pest ntrol Security Costs Suppc¥t Q>sts Purchase replacaFnent 46,831 6.865 14.317 502 9.727 1,549 44.984 6.891 10.195 687 7,551 S,106 8.761 1,293 2.232 3.354 7,481 1,231 2.382 1.559 101,388 92.538 Costs gf rai$ing donatlons and legacies - Other 2 Insuran IT Costs CCLI LI(se & StaÈonery 4.464 1.349 209 4,172 2,839 659 6,022 7.670 Costs of raising donations and legacle¥- Othertyp& 3 Centre Repair & Maintenance 9,004 74,552 Costs of Charitable Aotivities 116,414 174,760 15