2024-03-31-accounts - The Assembly Of The Brethren In Christ's Church Limited

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COMPANY REGISTRATION NUMBER: 07185047 CHARITY REGISTRATION NUMBER: 1144906

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee Unaudited Financial Statements

31 March 2024

POINTON YOUNG

Chartered Accountants 33 Ludgate Hill Birmingham B3 1EH

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2024

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	3
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	8

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

Reference and administrative details

Registered charity name The Assembly Of The Brethren In Christ's Church Limited Charity registration number 1144906 Company registration number 07185047 Principal office and registered ABCC CHURCH office 48 Smith Street Birmingham B19 3EN The trustees P Asgedom A Tsegay S M Nuguse S Iyob Independent examiner Steven Brown BA FCA 33 Ludgate Hill Birmingham B3 1EH

Structure, governance and management

The Trustees are aware of their responsibilities for governance and will actively seek new members using a skill-based approach where necessary. None of the Members Council has any beneficial interest in the company.

Objectives and activities

Christian Church including all community and social activities associated with our church work.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2024

Achievements and performance

The Assembly of the Brethren aim is to advance society through the teaching of Christianity centred in the Bible's teaching. The church attendance has grown by 20%, and they reached the community by organising outings more than three times within Birmingham and to Cornwall and Northern Wales. Moreover, the church has grown in number of youth attendance and youth volunteering by 40%.

Financial review

We are very grateful to all that donate to the Assembly of the Brethren in Christ's Church.

It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should on the grounds of prudence, be maintained at a level between 6 and 12 months of expenditure. The trustees consider that reserves at this level would ensure that, even in the event of a significant drop in funding, they would be able to continue the charity's current activities and meet obligations on staffing and buildings, whilst also considering ways in which additional funds could be raised.

The trustees' annual report and the strategic report were approved on 28 January 2025 and signed on behalf of the board of trustees by:

P Asgedom Trustee

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of The Assembly Of The Brethren In Christ's Church Limited

Year ended 31 March 2024

I report to the trustees on my examination of the financial statements of The Assembly Of The Brethren In Christ's Church Limited ('the charity') for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company 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 as 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 Institute of Chartered Accountants in England and Wales (ICAEW), 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:

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements 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
the financial statements 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).

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of The Assembly Of The Brethren In Christ's Church Limited (continued)

Year ended 31 March 2024

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.

Steven Brown BA FCA Independent Examiner 33 Ludgate Hill Birmingham B3 1EH

28 January 2025

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2024

		2024			2023
		Unrestricted
		funds Total funds		Total funds
	Note	£	£		£
Income and endowments
Donations and legacies	5	77,009	77,009		62,445
Other income	6	260,116	260,116		–
		`─────────`	`─────────`		`────────`
Total income		337,125	337,125		62,445
		`═════════`	`═════════`		`════════`
Expenditure
Expenditure on charitable activities	7,8	65,116	65,116		66,604
		`─────────`	`─────────`		`────────`
Total expenditure		65,116	65,116		66,604
		`═════════`	`═════════`		`════════`
		`─────────`	`─────────`		`────────`
Net income/(expenditure) and net movement in funds		272,009	272,009		(4,159)
		`═════════`	`═════════`		`════════`
Reconciliation of funds
Total funds brought forward		217,669	217,669		221,828
		`─────────`	`─────────`		`─────────`
Total funds carried forward		489,678	489,678		217,669
		`═════════`	`═════════`		`═════════`

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 15 form part of these financial statements.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	14	472	286,519
Current assets
Debtors	15	–	145
Cash at bank and in hand		496,155	64,287
		`─────────`	`────────`
		496,155	64,432
Creditors: amounts falling due within one year	16	6,949	8,412
		`─────────`	`────────`
Net current assets		489,206	56,020
		`─────────`	`─────────`
Total assets less current liabilities		489,678	342,539
Creditors: amounts falling due after more than one year	17	–	124,870
		`─────────`	`─────────`
Net assets		489,678	217,669
		`═════════`	`═════════`
Funds of the charity
Unrestricted funds		489,678	217,669
		`─────────`	`─────────`
Total charity funds	18	489,678	217,669
		`═════════`	`═════════`

For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

The statement of financial position continues on the following page. The notes on pages 8 to 15 form part of these financial statements.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2024

These financial statements were approved by the board of trustees and authorised for issue on 28 January 2025, and are signed on behalf of the board by:

P Asgedom Trustee

The notes on pages 8 to 15 form part of these financial statements.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is ABCC CHURCH, 48 Smith Street, Birmingham, B19 3EN.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures and fittings	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company is a private company limited by guarantee and consequently does not have share capital.

5. Donations and legacies

		Unrestricted	Total	Funds	Unrestricted	Unrestricted	Total	Funds
		Funds		2024		Funds		2023
		£		£		£		£
	Donations
	Donations	77,009		77,009		62,445		62,445
		`════════`		`════════`		`════════`		`════════`
6.	Other income
		Unrestricted	Total	Funds	Unrestricted		Total	Funds
		Funds		2024		Funds		2023
		£		£		£		£
	Gain on disposal of tangible fixed
	assets held for charity's own use	260,116		260,116		–		–
		`═════════`		`═════════`		`════`		`════`

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

7. Expenditure on charitable activities by fund type

		Unrestricted	Total Funds	Total Funds	Unrestricted	Unrestricted	Total	Funds
		Funds		2024		Funds		2023
		£		£		£		£
	Charitable Activities	64,179		64,179		58,419		58,419
	Support costs	937		937		8,185		8,185
		`────────`		`────────`		`────────`		`────────`
		65,116		65,116		66,604		66,604
		`════════`		`════════`		`════════`		`════════`
8.	Expenditure on charitable activities by activity type
		Activities
		undertaken			Total funds		Total fund
		directly	Support costs			2024		2023
		£		£		£		£
	Charitable Activities	64,179		937		65,116		66,604
		`════════`		`════`		`════════`		`════════`
9.	Analysis of support costs
			Analysis of
			support costs
				activity 1	Total 2024		Total 2023
				£		£		£
	Support costs - depreciation			937		937		–
				`════`		`════`		`════`
10.	Net income/(expenditure)
	Net income/(expenditure) is stated after	charging/(crediting):
						2024		2023
						£		£
	Depreciation of tangible fixed assets					937		8,185
	Gains on disposal of tangible fixed assets					(260,116)		–
						`═════════`		`═══════`
11.	Independent examination fees
						2024		2023
						£		£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements					940		852
						`════`		`════`

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

12. Staff costs (continued)

The average head count of employees during the year was 1 (2023: 1). The average number of full-time equivalent employees during the year is analysed as follows:

==> picture [428 x 37] intentionally omitted <==

----- Start of picture text -----
2024 2023
No. No.
Number of staff 1 1
════ ════
----- End of picture text -----

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

13. Trustee remuneration and expenses

one or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity

14. Tangible fixed assets

		Freehold	Fixtures and
		property	fittings	Total
		£	£	£
	Cost
	At 1 April 2023	324,641	12,771	337,412
	Additions	–	574	574
	Disposals	(324,641)	–	(324,641)
		`─────────`	`────────`	`─────────`
	At 31 March 2024	–	13,345	13,345
		`═════════`	`════════`	`═════════`
	Depreciation
	At 1 April 2023	38,957	11,936	50,893
	Charge for the year	–	937	937
	Disposals	(38,957)	–	(38,957)
		`─────────`	`────────`	`─────────`
	At 31 March 2024	–	12,873	12,873
		`═════════`	`════════`	`═════════`
	Carrying amount
	At 31 March 2024	–	472	472
		`═════════`	`════════`	`═════════`
	At 31 March 2023	285,684	835	286,519
		`═════════`	`════════`	`═════════`
15.	Debtors
			2024	2023
			£	£
	Other debtors		–	145
			`════`	`════`

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

16. Creditors: amounts falling due within one year

==> picture [470 x 328] intentionally omitted <==

----- Start of picture text -----
2024 2023
£ £
Bank loans and overdrafts – 5,318
Corporation tax – 6
Social security and other taxes 2,261 1,153
Other creditors 4,688 1,935
─────── ───────
6,949 8,412
═══════ ═══════
17. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts – 124,870
════ ═════════
18. Analysis of charitable funds
Unrestricted funds
At
At 1 April 2023 Income Expenditure 31 March 2024
£ £ £ £
General funds 217,669 337,125 (65,116) 489,678
═════════ ═════════ ════════ ═════════
At
At 1 April 2022 Income Expenditure 31 March 2023
£ £ £ £
General funds 221,828 62,445 (66,604) 217,669
═════════ ════════ ════════ ═════════
----- End of picture text -----

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

19. Analysis of net assets between funds

	Unrestricted Total	Funds
	Funds	2024
	£	£
Tangible fixed assets	472	472
Current assets	496,155	496,155
Creditors less than 1 year	(6,949)	(6,949)
Creditors greater than 1 year	–	–
	`─────────`	`─────────`
Net assets	489,678	489,678
	`═════════`	`═════════`
	Unrestricted Total Funds
	Funds	2023
	£	£
Tangible fixed assets	286,519	286,519
Current assets	64,432	64,432
Creditors less than 1 year	(8,412)	(8,412)
Creditors greater than 1 year	(124,870)	(124,870)
	`─────────`	`─────────`
Net assets	217,669	217,669
	`═════════`	`═════════`

COMPANY REGISTRATION NUMBER: 07185047 CHARITY REGISTRATION NUMBER: 1144906

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee Unaudited Financial Statements

31 March 2024

POINTON YOUNG

Chartered Accountants 33 Ludgate Hill Birmingham B3 1EH

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2024

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	3
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	8

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

Reference and administrative details

Structure, governance and management

Objectives and activities

Christian Church including all community and social activities associated with our church work.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2024

Achievements and performance

Financial review

We are very grateful to all that donate to the Assembly of the Brethren in Christ's Church.

The trustees' annual report and the strategic report were approved on 28 January 2025 and signed on behalf of the board of trustees by:

P Asgedom Trustee

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of The Assembly Of The Brethren In Christ's Church Limited

Year ended 31 March 2024

I report to the trustees on my examination of the financial statements of The Assembly Of The Brethren In Christ's Church Limited ('the charity') for the year ended 31 March 2024.

Responsibilities and basis of report

Independent examiner's statement

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:

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements 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
the financial statements 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).

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of The Assembly Of The Brethren In Christ's Church Limited (continued)

Year ended 31 March 2024

Steven Brown BA FCA Independent Examiner 33 Ludgate Hill Birmingham B3 1EH

28 January 2025

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2024

		2024			2023
		Unrestricted
		funds Total funds		Total funds
	Note	£	£		£
Income and endowments
Donations and legacies	5	77,009	77,009		62,445
Other income	6	260,116	260,116		–
		`─────────`	`─────────`		`────────`
Total income		337,125	337,125		62,445
		`═════════`	`═════════`		`════════`
Expenditure
Expenditure on charitable activities	7,8	65,116	65,116		66,604
		`─────────`	`─────────`		`────────`
Total expenditure		65,116	65,116		66,604
		`═════════`	`═════════`		`════════`
		`─────────`	`─────────`		`────────`
Net income/(expenditure) and net movement in funds		272,009	272,009		(4,159)
		`═════════`	`═════════`		`════════`
Reconciliation of funds
Total funds brought forward		217,669	217,669		221,828
		`─────────`	`─────────`		`─────────`
Total funds carried forward		489,678	489,678		217,669
		`═════════`	`═════════`		`═════════`

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 15 form part of these financial statements.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	14	472	286,519
Current assets
Debtors	15	–	145
Cash at bank and in hand		496,155	64,287
		`─────────`	`────────`
		496,155	64,432
Creditors: amounts falling due within one year	16	6,949	8,412
		`─────────`	`────────`
Net current assets		489,206	56,020
		`─────────`	`─────────`
Total assets less current liabilities		489,678	342,539
Creditors: amounts falling due after more than one year	17	–	124,870
		`─────────`	`─────────`
Net assets		489,678	217,669
		`═════════`	`═════════`
Funds of the charity
Unrestricted funds		489,678	217,669
		`─────────`	`─────────`
Total charity funds	18	489,678	217,669
		`═════════`	`═════════`

For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

The statement of financial position continues on the following page. The notes on pages 8 to 15 form part of these financial statements.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2024

These financial statements were approved by the board of trustees and authorised for issue on 28 January 2025, and are signed on behalf of the board by:

P Asgedom Trustee

The notes on pages 8 to 15 form part of these financial statements.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2024

1. General information

2. Statement of compliance

3. Accounting policies

Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Incoming resources

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

Tangible assets

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Tangible assets (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures and fittings	-	25% straight line

Impairment of fixed assets

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Financial instruments (continued)

4. Limited by guarantee

The company is a private company limited by guarantee and consequently does not have share capital.

5. Donations and legacies

		Unrestricted	Total	Funds	Unrestricted	Unrestricted	Total	Funds
		Funds		2024		Funds		2023
		£		£		£		£
	Donations
	Donations	77,009		77,009		62,445		62,445
		`════════`		`════════`		`════════`		`════════`
6.	Other income
		Unrestricted	Total	Funds	Unrestricted		Total	Funds
		Funds		2024		Funds		2023
		£		£		£		£
	Gain on disposal of tangible fixed
	assets held for charity's own use	260,116		260,116		–		–
		`═════════`		`═════════`		`════`		`════`

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

7. Expenditure on charitable activities by fund type

		Unrestricted	Total Funds	Total Funds	Unrestricted	Unrestricted	Total	Funds
		Funds		2024		Funds		2023
		£		£		£		£
	Charitable Activities	64,179		64,179		58,419		58,419
	Support costs	937		937		8,185		8,185
		`────────`		`────────`		`────────`		`────────`
		65,116		65,116		66,604		66,604
		`════════`		`════════`		`════════`		`════════`
8.	Expenditure on charitable activities by activity type
		Activities
		undertaken			Total funds		Total fund
		directly	Support costs			2024		2023
		£		£		£		£
	Charitable Activities	64,179		937		65,116		66,604
		`════════`		`════`		`════════`		`════════`
9.	Analysis of support costs
			Analysis of
			support costs
				activity 1	Total 2024		Total 2023
				£		£		£
	Support costs - depreciation			937		937		–
				`════`		`════`		`════`
10.	Net income/(expenditure)
	Net income/(expenditure) is stated after	charging/(crediting):
						2024		2023
						£		£
	Depreciation of tangible fixed assets					937		8,185
	Gains on disposal of tangible fixed assets					(260,116)		–
						`═════════`		`═══════`
11.	Independent examination fees
						2024		2023
						£		£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements					940		852
						`════`		`════`

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

12. Staff costs (continued)

The average head count of employees during the year was 1 (2023: 1). The average number of full-time equivalent employees during the year is analysed as follows:

==> picture [428 x 37] intentionally omitted <==

----- Start of picture text -----
2024 2023
No. No.
Number of staff 1 1
════ ════
----- End of picture text -----

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

13. Trustee remuneration and expenses

one or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity

14. Tangible fixed assets

		Freehold	Fixtures and
		property	fittings	Total
		£	£	£
	Cost
	At 1 April 2023	324,641	12,771	337,412
	Additions	–	574	574
	Disposals	(324,641)	–	(324,641)
		`─────────`	`────────`	`─────────`
	At 31 March 2024	–	13,345	13,345
		`═════════`	`════════`	`═════════`
	Depreciation
	At 1 April 2023	38,957	11,936	50,893
	Charge for the year	–	937	937
	Disposals	(38,957)	–	(38,957)
		`─────────`	`────────`	`─────────`
	At 31 March 2024	–	12,873	12,873
		`═════════`	`════════`	`═════════`
	Carrying amount
	At 31 March 2024	–	472	472
		`═════════`	`════════`	`═════════`
	At 31 March 2023	285,684	835	286,519
		`═════════`	`════════`	`═════════`
15.	Debtors
			2024	2023
			£	£
	Other debtors		–	145
			`════`	`════`

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

16. Creditors: amounts falling due within one year

==> picture [470 x 328] intentionally omitted <==

The Assembly Of The Brethren In Christ's Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

19. Analysis of net assets between funds

	Unrestricted Total	Funds
	Funds	2024
	£	£
Tangible fixed assets	472	472
Current assets	496,155	496,155
Creditors less than 1 year	(6,949)	(6,949)
Creditors greater than 1 year	–	–
	`─────────`	`─────────`
Net assets	489,678	489,678
	`═════════`	`═════════`
	Unrestricted Total Funds
	Funds	2023
	£	£
Tangible fixed assets	286,519	286,519
Current assets	64,432	64,432
Creditors less than 1 year	(8,412)	(8,412)
Creditors greater than 1 year	(124,870)	(124,870)
	`─────────`	`─────────`
Net assets	217,669	217,669
	`═════════`	`═════════`

Independent examination letter of representation

To: Pointon Young
33 Ludgate Hill

Birmingham, B3 1EH

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of The Assembly of the Brethren in Christs Church Limited financial statements for the year ended 31 March 2024. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.
We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.
We confirm that the charity was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 March 2024 audited.
We have fulfilled our responsibilities as trustees as set out in the terms of your engagement letter, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.
All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
The financial statements are free of material misstatements, including omissions.

Assets and liabilities

The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.
All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.

We confirm that the Property disposed of during the year ended 31 March 2024 was and has always been used for Charitable purposes, on this basis we confirm that given the Company’s Charitable Status, that the gain on disposal of the Property is exempt from Corporation Tax.

Accounting estimates

Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.

Legal claims

We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

Laws and regulations

We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related parties

Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.

Subsequent events

All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

Going concern

We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.

Grants and donations

All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Yours faithfully

..............................................................................................................................

Signed on behalf of the board of trustees

28January 2025