Registered number: 07928330 Charity number: 1146320
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company, its Trustees and advisers 1 Trustees' report 2 - 4 Independent examiner's report 5 Statement of financial activities 6 Balance sheet 7 - 8 Notes to the financial statements 9 - 22
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
J Oyeniyi, Treasurer J Beardon
Trustees R Tervet
C Govey (resigned 23 May 2023) B Marrett
Company registered number 07928330
Charity registered number 1146320
Registered office The Light House
131 Hargham Road Attleborough Norfolk NR17 2JP
Accountants MA Partners Audit LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 1 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report together with the financial statements of the Christ Community Church, Attleborough ('the church') for the year 1 April 2022 to 31 March 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 charitable company comply with the current statutory requirements, the requirements of the charitable company'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 Company 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 objective of the Company is for the benefit of the public:
- To advance Christian faith in accordance with the statement of beliefs in such ways in Attleborough, Norfolk and in such other parts of the UK and the world as the Trustees from time to time think fit. - To relieve sickness, financial hardship and promote and preserve good health (by provision of funds, goods or services of any kind including) through provision of counselling and support in Attleborough, Norfolk and in such parts of the UK and the world as the Trustees from time to time think fit. - To fulfil such other purposes which are exclusively charitable according to the England and Wales and are connected to charitable work of the Company in such ways and in such of the UK and the world as the Trustees from time to time think fit.
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. Activities undertaken to achieve objectives
The church holds weekly Sunday Services that include bible teaching and worship. They also include activities and groups for children and young people.
We have Community Groups that meet every week across the area for friendship, bible study and to serve the local community.
We also run social events that build community as well as the Alpha Course.
We also support other churches across the UK taking part in Who Cares? , an initiative about listening and responding to the needs of local communities, that started in our church.
c. Main activities undertaken to further the Company's purposes for the public benefit
The Trustees have taken the time to consider guidance issued by the Charities Commission on public benefit when reviewing the activities as detailed above. Throughout all these activities there are opportunities to provide advice, pastoral care and support to local people.
Page 2 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance
a. Main achievements of the Company
It’s been an extraordinary year for us at Christ Community Church. Thanks to the tireless efforts of so many people in the Church we not only refitted and moved into a new venue, but we also increased our activity across the board, reaching many new people with the love of Jesus, as well as caring for one another and having
opportunities to grow.
It's been a year of building – renovating a physical new space for us to meet in, but also a year of building a larger team for a new season of ministry – we appointed four new staff roles and two key volunteer roles. Over the year we officially welcomed 10 adult members into the Church and saw 1 adult member leave the Church. We now regularly gather over 100 children and adults for our weekly Sunday worship service.
Other key activities over the year.
-
Monthly worship nights
-
Men’s and Ladies groups.
-
Parenting for Faith Course.
-
Ladies prayer
-
Our largest ever Alpha Launch – a Quiz and Chip night
-
Three membership courses were held.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company 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.
b. Reserves policy
The total funds of the charity were £547,340 at 31 March 2023 (2022: £475,039) . Free reserves, being unrestricted funds not represented by fixed assets were £18,273 at 31 March 2023 (2022: £192,796) .
The Trustees have considered the level of reserves they wish to retain, appropriate to the Company's needs. A formal policy on the reserves has been agreed which states that the free reserves be maintained at a level which ensures that Church Community Church's activity could continue during a period of unforeseen difficulty and has been set at £45,000 which would cover 6 month's running costs. This is based on the Company's size and level of financial commitments held.
c. Overview
In the year ended 31 March 2023 income fell from £538,058 to £259,284 and our expenditure increased from £135,111 to £186,983. As a result there was a net movement in funds of £72,301 for the year, down from £402,947 in the prior year. This dramatic and significant fall in net movement of funds was in part due to a very successful fundraising drive towards the costs of purchasing a new site, much of which occured in the prior period.
Page 3 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
a. Constitution
Christ Community Church, Attleborough is registered as a charitable company limited by guarantee and was set up by Memorandum and Articles of Association.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company 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 Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company 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 Company 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 Tervet
Trustee
Date:
Page 4 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
Independent examiner's report to the Trustees of Christ Community Church, Attleborough ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the Trustees of the Company (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 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 Company'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 Company'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, 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 Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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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
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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.
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 Company'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 Company'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 Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: 20 December 2023
Alice Lynch BSc ACA DChA
MA Partners Audit LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 5 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
funds 2023 2022 2023 Total funds Unrestricted 2023 Restricted funds Total funds Note £ £ £ £
Income from:
Donations and legacies 3 106,230 153,043 259,273 538,045 Investments - 11 11 13
Total income 106,230 153,054 259,284 538,058 Expenditure on:
Raising funds 5 - 41,005 41,005 39,160 Charitable activities 6 13,475 132,503 145,978 95,951
Total expenditure 13,475 173,508 186,983 135,111
Net income/(expenditure) 92,755 (20,454) 72,301 402,947 Transfers between funds 15 (297,453) 297,453 -
-
Net movement in funds (204,698) 276,999 72,301 402,947
Reconciliation of funds:
Total funds brought forward 204,698 270,341 475,039 72,092 Net movement in funds (204,698) 276,999 72,301 402,947
Total funds carried forward - 547,340 547,340 475,039
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 22 form part of these financial statements.
Page 6 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee) REGISTERED NUMBER: 07928330
BALANCE SHEET AS AT 31 MARCH 2023
2023 2022 Note £ £ Fixed assets
Tangible assets 11 529,067 77,545
529,067 77,545 Current assets
Debtors 12 13,873 266,144 Cash at bank and in hand 91,476 182,843
105,349 448,987
Creditors: amounts falling due within one year 13 (68,377) (27,886) Net current assets 36,972 421,101
Total assets less current liabilities 566,039 498,646
Creditors: amounts falling due after more than one year 14 (18,699) (23,607) Total net assets 547,340 475,039
Charity funds
Restricted funds 15 - 204,698 Unrestricted funds 15 547,340 270,341
Total funds 547,340 475,039 Page 7
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee) REGISTERED NUMBER: 07928330
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023
The Company 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 Tervet Trustee
Date:
The notes on pages 9 to 22 form part of these financial statements.
Page 8 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. General information
Christ Community Church, Attleborough is a registered charitable company limited by guarantee, incorporated in England and Wales, registration number 07928330. The registered office is The Light House, 131 Hargham Road, Attleborough, Norfolk, NR17 2JP.
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.
Christ Community Church, Attleborough 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.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company 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.
2.3 Income
All income is recognised once the Company 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.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
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 on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 9
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
Freehold property - 2% straight line Equipment - 25% reducing balance
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
2.8 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.
2.9 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 Company 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.
2.10 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
Page 10
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
2.11 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 Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company 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.
3. Income from donations and legacies
funds d funds 2023 2023 2023 Total funds Restricted Unrestricte Total funds 2022
£ £ £ £
Offerings - 135,040 135,040 275,381 Gift aid 6,505 14,026 20,531 81,079 Other income - 3,977 3,977 2,610 Building fund 99,725 - 99,725 178,975
Total 2023[106,230 153,043] [ 259,273] [ 538,045 ] Total 2022[197,607 340,438 538,045]
4. Investment income
funds d funds 2023 2023 2023 Total funds Restricted Unrestricte Total funds 2022 £ £ £ £
Deposit account interest - 11 11 13 Total 2022 7 6 13
Page 11
CHRIST COMMUNITY CHURCH, Total funds 2023 ATTLEBOROUGH Total funds 2022 (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
5. Expenditure on raising funds Unrestricted funds Trading activities 2023
£ £ £
Salaries 35,984 35,984 34,484 Social security 1,226 1,226 - Pensions 1,065 1,065 1,035 Training 2,298 2,298 3,111 Ministers expenses 432 432 530
Total 2023[41,005] [ 41,005] [ 39,160 ] Total 2022[39,160 39,160]
6. Analysis of expenditure on charitable activities
Summary by fund type
2023 2023 Unrestricte Total 2022 Restricted d funds Total 2023 funds
£ £ £ £
Charitable activities 13,475 132,503 145,978 95,951 Total 2023 13,475 132,503 145,978 95,951 Total 2022[5,093 90,858 95,951]
Page 12 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Analysis of expenditure by activities
costs 2023 2023 Total funds Support Total funds 2022 Direct costs 2023 £ £ £ £
Charitable activities 39,913 106,065 145,978 95,951 Total 2023 39,913 106,065 145,978 95,951 Total
2022[50,017 45,934 95,951]
Page 13 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
Total funds 2023 Total funds 2022
£ £
Mission and donations 22,745 33,811 Speakers' costs 1,193 600 Equipment and music 1,745 1,580 Events and conferences 2,091 2,847 Youth and children's work 1,789 892 Other 10,350 10,287
Total 2023[39,913] [ 50,017] [ Analysis of support costs]
Total Total fund fund s s 2022 2023
£ £
Staff costs 55,926 16,278 Rates 9,498 - Governance costs 7,572 12,137 New building costs 13,475 5,093 Light and heat 8,113 3,156 Depreciation 3,200 2,176 Repairs and renewals 1,611 2,063 Sundries 2,095 1,392 Mortgage, interest and charges 1,081 1,327 Printing, postage and stationery 2,203 1,268 Insurance 40 778 Bank charges 420 158 Marketing and promotions 831 108
Total 2023[106,065] [ 45,934][ Page 14]
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
8. Independent examiner's remuneration
2023 2022 £ £
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 1,800 1,680
9. Staff costs
2023 2022 £ £
Wages and salaries 90,138 50,626 Social security costs 2,487 - Contribution to defined contribution pension schemes 1,576 1,171
94,201 51,797
The average number of persons employed by the Company during the year was as follows:
Ministerial 2 2 Administration 2 1
2023 2022 No. No.
4 3
No employee received remuneration amounting to more than £60,000 in either year.
The total remuneration for key management personnel (inculding employer national insurance contributions and employer pension contributions) was £40,953 ( 2022: £ 39,057).
Page 15 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
10. Trustees' remuneration and expenses
During the year, one Trustee has been paid remuneration from employment with the Company. The role undertaken was as an Elder. Payments made to Trustees are in line with the permissions outlined in the Memorandum and Articles of Association. The value of Trustees' remuneration and other benefits was as follows:
2023 2022 £ £
R Tervet Remuneration 35,984 34,484 Pension contributions paid 1,065 1,035
During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL) .
11. Tangible fixed assets
Freehold
property Equipment Total £ £ £
Cost or valuation
At 1 April 2022 82,198 15,403 97,601 Additions 454,722 - 454,722
At 31 March 2023 536,920 15,403 552,323
Depreciation
At 1 April 2022 12,363 7,693 20,056 Charge for the year 1,272 1,928 3,200
At 31 March 2023 13,635 9,621 23,256
Net book value
At 31 March 2023 523,285 5,782 529,067 At 31 March 2022 69,835 7,710 77,545
Page 16 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
- Debtors
2023 2022 £ £
Due within one year
Trade debtors 3,150 - Other debtors 9,906 56,448 Prepayments and accrued income 817 209,696
13,873 266,144
- Creditors: Amounts falling due within one year
2023 2022 £ £
Bank loans 5,716 5,716 Other loans 50,000 - Trade creditors 7,381 18,409 Other taxation and social security 3,164 1,848 Other creditors 316 233 Accruals and deferred income 1,800 1,680
68,377 27,886
Page 17 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
14. Creditors: Amounts falling due after more than one year
2023 2022 £ £ Bank loans 18,699 23,607
Included within the above are amounts falling due as follows:
2023 2022 £ £
Between one and two years
Between two and five years
Over five years
Bank loans 5,715 5,716 Bank loans 12,984 17,147 Bank loans - 744
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:
2023 2022 £ £
Payable or repayable by instalments - 744 - 744
Outstanding bank loans include balances of £5,716 due within one year and £18,699 due after one year which is secured against the freehold property of the Company.
Page 18
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH Statement of funds - current year (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
Transfers Balance at 31
FOR THE YEAR ENDED 31 Balance at 1 MARCH 2023
15. Statement of funds
March 2023 Unrestricted funds[April 2022 £] Expenditure £ £ Income £ in/out £
General funds 270,341 153,054 (173,508) 297,453 547,340
Restricted funds
Building fund 204,698 106,230 (13,475) (297,453) - Total of funds 475,039 259,284 (186,983) -
547,340
A transfer out of restricted funds into unrestricted funds has been made during the year in respect of fixed assets purchased with restricted funding for which the ongoing use within the charity is not restricted.
Page 19 CHRIST COMMUNITY CHURCH, ATTLEBOROUGH Balance at 31 March (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
15. Statement of funds (continued)
Statement of funds - prior year
Balance at
Unrestricted funds
1 April 2021 £ Income £
Expenditure £
2022 £
General funds 59,915 340,444 (130,018) 270,341
Restricted funds
Building fund 12,177 197,614 (5,093) 204,698
Total of funds [72,092 538,058 (135,111) 475,039]
16. Summary of funds
Summary of funds - current year
Transfers Balance at 31 Balance at 1 Income £ Expenditure in/out March 2023 £ April 2022 £ £ £
General funds 270,341 153,054 (173,508) 297,453 547,340 Restricted funds 204,698 106,230 (13,475) (297,453) -
475,039 259,284 (186,983) - 547,340
Summary of funds - prior year
Balance at Balance at 1 £ £ April 2021 £ Income £ 31 March 2022 Expenditure
General funds 59,915 340,444 (130,018) 270,341 Restricted funds 12,177 197,614 (5,093) 204,698
72,092 538,058 (135,111) 475,039
Page 20
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
17. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted funds 2023 Total funds 2023
£ £
Tangible fixed assets 529,067 529,067 Current assets 105,349 105,349 Creditors due within one year (68,377) (68,377) Creditors due in more than one year (18,699) (18,699)
Total[547,340] [ 547,340 Analysis of net assets between funds - prior year]
Restricted Unrestricted Total funds funds funds 2022 2022 2022
£ £ £
Tangible fixed assets - 77,545 77,545 Current assets 204,698 244,289 448,987 Creditors due within one year - (27,886) (27,886) Creditors due in more than one year - (23,607) (23,607)
Total [204,698 270,341 475,039][ Page 21]
CHRIST COMMUNITY CHURCH, ATTLEBOROUGH (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
18. Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,576 ( 2022: £1, 171). £316 ( 2022: £2 33) were payable to the fund at the balance sheet date and are included in creditors.
19. Related party transaction
During the year, gifts totalling £Nil (2022: £50) were given to J Beardon, a Trustee, for speaking at church events.
During the year a gift of £2,587 (2022: £50) was paid to Wellspring Family Centre, a charity in which J Beardon is also a Trustee.
During the year a gift of £6,133 ( 2022: £ 8,458) was paid to Relational Mission, a charity in which J Beardon is also a Trustee.
During the year a gift of £2,942 (2022: £Nil) was paid to Pioneer Mission, a charity in which J Beardon is also a Trustee.
During the year £11,784 ( 2022: £6,000) was paid to The Lighthouse, Attleborough for support services provided. During the year £1,044 ( 2022: £ 2,417) was received from The Lighthouse, Attleborough for hiring of facilities. The Lighthouse, Attleborough is a charity in which J Oyeniyi and R Tervet are also Trustees.
Donations made to the charity by Trustees and their close family members during the year totalled £25,114 ( 2022: £ 27,688).
Page 22