NORTH TEIGNMOUTH COMMUNITY CHURCH Trustees, Report and Annual Account5 For the period 1st October 2023 to 30th September 2024
North Teignmouth Community Church Trustees, Report and Accounts For the pefiod 1st October 2023 to 30th September 2024 Contents Page Legal and Administrative Details Trustees, Report Independent Examiner's Report Statement of Financial Actlvitles Balance Sheet Notes and Accountln8 Policles
North Teignmouth Community Church LEGAL AND ADMINISTRATIVE DETAILS th Year ended 30 September 2024 STATUS During the period covered by these accounts North Teignmouth Community Church continued to be a Charitable Incorporated Organisation ICIOI established and governed by Its constitution dated 9, June 2013. It was registered with the Charity Comrnission on 2. July 2013 under registration number 1152684 having previously been a charitable trust with the registration number 1117531. MANAGING TRUSTEES AT 30"SEPTEMBER 2024 Trustee Mrs R Cole Mr C Matthews Mrs J A Matthews Mrs N White Church Secretary Trustee Church Treasurer Trustee- Elected September 2024 Mr A J Cruickshank Mr R J Hodgson th MemberTrustee- Resigned 6 August 2024 th Elder Trustee- Resigned 28 July 2024 The Elders are responsible for the spiritual and pastoral guidance of the church and the Managing Trustees, aided by the Compliance Team members, are responsible for its adrninistrative, financial, and legal activities. The Member Trustee provides a direct link behNeen the membership and the Eldership and Managing Trustees. APPOINTMENTOFTRUSTEES All Managing Trustees are appointed in accordance with the Church's Constitution and the trustees meet at least twice a year in addition to calling the Annual General Meeting PRINCIPAL ADDRESS The Church Secretary 3 Soper Walk Teignmouth TQ14 9LP BANKERS CAF Bank Ltd. 25 Kings Hill Avenue Kings Hill West Malling ME194JQ Barclays Bank Ltd. Leitester LE87 2BB INDEPENDENT EXAMINER Mr J Foxwell, FCCA, FCIE PO Box 9846 Poole BH15 9JZ Page l of 12
North Teignmouth Community Church TRUSTEES, REPORT For the period l October 2023 to 30, September 2024 Introdurtion This report gives full details of the church, its membership, objects and activities. Objects and Activities The objectives of the Community Church shall be The advancernent of the Christian Faith, and The sUPPOrt of charitable purposes and charitable institutions. In furtherance of the above objectives the Community Church shall have the following powers:. With iegard to objective lal:_ To provide an Evangelical Independent non-denominational Church for the advancement of religion based on a personal belief in Jesus Christ as Lord, Saviour and Redeemer as set out in our Statement of Faith. To provide services on Sundays together with ancillary activities for all age groups on anv day in the week. Wlth resard to objective (b):. To raise funds and invite and receive donations from any person or persons. The income and property of the Charity shall be applied solely towards the promotion of its Objectives. Support for other Institutions is usually f inancial. Ten percent of all offerings received and any Gift Aid recovered on those offerings was tithed to a number of charities during 2023/24. In addition one-off gifts were given during the year as was deemed appropriate. To do all such other lawful things as are necessary for the attalnment of the said objectives. The Church normally meets in the local Community Association hall which is situated in Higher Buckeridge Road, Teignmouth. All are welcome to attend servlces and other events and our aim 15 to enable people to live out their faith as part of the Community Church through: Worship and prayer, learning about the Gospel and developing their knowledge and trust in the Lord Jesus Christ Provision of pastoral care Outreach work Communion is normally celebrated twice each month. Evening service5 have been suspended indefinitely due to a lack of support. One of the Community Church Elders is designated as a mernber of the local Fraternal of Churches. As an independent, non-denominational church the Elders felt the need to affiliate to umbrella organisations for support, advice, etc. and to that end the church has affiliated to the South West Baptist Association. Page 2 of 12
North Teignmouth Community Church Public benefit To achieve Objective (a), above, the Community Church normally provides Weekly Sunday morning service5 and Sunday school facilities Twice monthly social club on Tuesday afternoons Fortnightly Bible study groups Monthly Messy Church for children and young people Monthly Afternoon Tea 50cials Alpha courses and other outreach events Various social events Baby Bank for o- 2 year olds Food Bank {ceased July 20241 iv) vi) ix} Participation in i}- ixl above is not limited to member5 and all are welcome to attend or benefit. There is no charge for attendance or for services provided Contmcts with Central or Local Government The charity has no contracts with either Central or local Governrnent. Staff paymentpollcy th As at 30 September 2024 the church has one part time paid employee. A'minister in Training, commenced work on 18, September 2023 for three days per week on a three year contract. The payment scale is in line with the standard stipend as recommended by the The Baptlst Unlon of Great Britain and is in line with employment status and experience. Reviews of pay scales will be undertaken each year on the anniversary of the commencement of employment. Flnanclal pollcles The financial policies are reviewed at least annually and are as follows. Investment policies Property- In November 2015 the church purchased a property to be used as a Manse or to provide an alternative Source of incorne. As the church 15 a CIO the property is registered wlth the Land Registry in the name of the church, not the name of any indivldual or indlviduals. This mid-terrace house, located in the nearby town of Dawlish, has been placed on the rental market and the income produced will be used for the charitable objectives of the church. Genernl- Under the Church's constitution all property acquired may be vested in a corporation lawfully entitled to act as Custodian Trustee or in the Trustees. In addition to the property there are a few items it owns ie: an audio/visual system, laptop computers, keyboard, chorus books, etc. and these may be replaced from time to time as required. Reserves pollry The CIO has no major assets other than a property which produces rental income and could be sold at any time if so decided. As the continuing existence of the church is not dependent on the property the trustees have concluded that the CIO does not need to hold any funds in reserve. While it was decided not to create reserves the trustees felt that the existing Designated Funds for development of the church and property rnaintenance should continue to receive donations. Risk policy The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks. Page 3 of 12
North Teignmouth Community Church General Church Minister th A 'Minister in Training, cornmenced work on 18 September 2023 for three days per week on a three year contract. The minister will work alongside the Elders to minister to the congregation ar)d the wider community. She is studying Theology at Bristol Baptist College Property purchase The church continues to own the property it purchased In November 2015 and the original tenant remains in residence, Due to an increase in the current housing market the resale value of the property has increased during 2023/24 by £38,5(X) to £205,000. Bonk accounts The current account opened with Barclays Bank in September 2016 for the deposit of gifts and offerings is not now being used as CAF Bank now accept cash deposits. All other banking services continue to be provided by CAF Bank. Communlty Actlons During 2023/24 the church provided three Community Initiatives Making a Difference, is food outreach service. This service ceased in July 2024 with the resignation of trustee Mr R Hodgson. The second is a Baby Bank service which provides items for new mothers who are in difficult circumstances. Due to a major donation and the stipulation that the funds must not be used for any other purpose thls account Is now operated as a Restricted Fund. The third initiative is providing monthly'cost of living, payments to individuals known to the church and are finding it difficult to rnanage during the current financial situation. These paymènts are scheduled to cease In March 2025. Summary of the trusteeg actlvities In addition to calling the AGM and other meetings of the members, the Managing Trustees met three times during the year ending 30, September 2024. Trust administrtytion and trustees, expenses During the year no trustees were paid for their service5 and no claims for travellin8 expenses were received. Since the resignation of two trustees the remaining trustees are embarking on a re-structuring plan. Trustfunding During the period covered by this report the Trusys Income derlved solely from offerings, Gift Aid recovery, rental income, gifts and donations and interest on its investments. Compliance wlth the Charity's qoverning document and current statutory requlrements The financial statements have been prepared in accordance with li) the governing document of the Charity and (li) current statutory requirements Page 4 of 12
North Teignmouth Community Church Stotement OA trustees, responsibilities Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activitie5 during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent state whether applicable accounting standards and statements of recommended practice have been followed, Subject to any departures disclosed and explained in the financial statements present the financial statements on the going concern basis unle55 it 15 inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records which i) disclose with reasonable accuracy the financial position of the charity ill enables them to ascertain the financial position of the charity, and ill) enables them to ensure that the financial statements comply with appltcable law regulations and trust deed. They are also responsible for safeguardlng the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. th Approved by the Trustees on 24 April 2025 and signed on their behalf by: Trustee Signature Name N..1 { OLIq .,.bthL.IT.£.. Trustee Signature Name TFtr Q5LL"- Page 5 of 12
North Teignmouth Community Church INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE5 OF THE NORTH TEIGNMOUTH COMMUNtrY CHURCH I report to the trustees on my examination of the financial statements of the charity for the period I" October 2023 to 30th September 2024. Responsibilities and basls of report As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examiiiation giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act, or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent exarnination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawrb in this report in order to enable a proper understanding of the accounts to be reached. Mr J Foxwell, FCCA, FCIE PO Box 9846 Poole BH15 9JZ Signed: Date: ........ Page 6 of 12
North Teignmouth Community Church STATEMENT OF FINANCIAL ACTIVITIES For the year from I" October 2023 to 30 September 2024 Unrestrlcted Funds Restricted Funds TOTAL 2022123 INCOME from Offerings received Rentsl income Gift Aid iecovery Investment interest Donations received Other income 17,609 6.900 3,821 4,938 5,766 3,078 42,112 17,609 6.900 4,071 4,938 5,896 3,078 42.492 18,000 6,900 4,390 4,852 22,702 250 Isee Note 31 Isee Note 41 (see Note 51 Total Income 130 380 EXPENDITURE on Activities Pastoral & Soclal Care Outreach Donations Legislation Technology Property Administration Other Employment (see Note 61 (see Note 7) (see Note 8) (see Note 9) (see Note 101 (see Note 111 (see Note 12) (see Note 131 {see Note 141 (see note 15) Total Expendlture 5,454 829 1,234 4.879 360 604 1.287 2,124 3,268 26,674 46,713 2,531 7,985 829 1,234 4,879 360 604 1,287 2,124 3,268 26,674 49,244 7,906 303 1,035 9,264 272 457 2,594 1,499 109 I,oio 24,449 2.531 Restritted Designated Restrlrted Funds Funds Funds TOTAL 2022123 Net Incorne {- deflclt) for the perlod Funds b/fwd I" ort 2023 Net gains/(losses) on Property Net galns/llosses) on Investments Transfer of Funds Re: Baby Bank (See Mote 161 Total funds c/fwd at 30th September 20Z4 4,601 3,199 -2,151 -6,752 181,500 311,191 38,500 38,500 2,268 32,395 298,075 -18,500 -779 126,492 2.268 5,000 1,870 7,736 -5.1)00 -1,870 215,979 121,492 345.207 311,191 NOTES: Restricted Funds b/fwd I" Oct 2023 include Property £166,500 and Baby Bank £15,000- see Note 16 The CharItS results derive from continuing activities The notes on pages 9, 10, 11 and 12 form part of these accounts Page 7 of 12
North Teignmouth Community Church iSAiAr4CÉ ii4EE I As at 301b September 2024 39-2024 30-9-2023 Flxed Asset Investment Investment property 205.000 166,500 Current Assets BlackRock Charities UK Bond Bonds Debtors and prepayments Cash at bank-General Cash at bank- 31 day Notice 54.538 60,501 6,202 10,435 10,000 52,269 70,763 5,207 9,215 10,000 141,676 147,454 Current Liabllltles Creditors and receipts In advance Income received in advance 1,469 2,763 1,469 2,763 Net current assèts 140,207 144,691 Net a55ets 345,207 311,191 Funds Restricted funds (See Note 16) Unrestricted funds General Funds Designated Funds Isee Note 17) Total Funds 215,979 181,500 7,736 121,492 345,207 3,199 126,492 311,191 The notes on pages 9, 10. 11 and 12 form part of these accounts Approved by the Tfustees on 24 April 2025 and signed on their behalf by Name Nl..L.(n..fl........L¢LLT.t......... ..... Trustee Name .rrt Cts LL'- Trustee Page 8 of 12
North Teignmouth Community Church NOTES AND ACCOUNTING POLICIES For the period I" October 2023 to 30, September 2024 Accountlng Polldes a) Ba515 of preparatlon and assessment of going concern The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(sl to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The trust constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Trusys ability to continue as a going concern. b) Investment Income Investment income is accounted for by reference to the period of the accounts and not the date at which interest 15 credited to the bank, ¢) Llablllty reco8nltlon Geneially liabilitie5 are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. d> Investment property Investment property was disclosed initially at cost and Is revalued at fair value at each accounting period end date. e) Reserves As stated on pages 3 and 4 the trustees have decided that the Trust does not need to hold anv funds a5 reserves, However fund5 are held in a number of Designated Accounts and the Charity, at its discretion, may use all these funds for its charitable purposes. Sufficient resources are held in an appropriate form to do this. Remuneratlon The trustees received no remuneration in their capacity as trustees. 2023124 2022/23 Investrnent interest received BlackRock Charities UK Fund A Inc Hampshire Trust Bank Cambridge & Counties Bank CAF Bank 2,240 176 2,504 18 4,938 2,240 1,358 1,219 35 4,852 Page 9 of 12
North Teignmouth Community Church Donatlons recelved Baby Bank- Restricted Funds Making a Difference General Funds El Shadda i World Disaster Welcome Box Legacy Other 130 576 15,526 581 521 629 445 5,000 190 5,896 22,702 Other Income Refund of duplicate charge Isee Note 141 Refund from Gallaghers (See Note 141 Receipts for social events Other receipts 2,000 514 483 81 3,078 Actlvltles Sunday Services Sunday School House Group5 Time Out Men'5 Breakfast TLC Messy Church Community Initiatives Baby Bank- Restrlcted Funds Making a Difference Cost of Living 1,462 15 1,088 320 360 275 179 1,228 61 1.239 2,531 1,457 900 2,793 508 1,475 7,906 Pastoral & Soclal Care Pastoral Social Care 69 760 78 225 303 Outreach Advertising & Promotions Door to Door Trinity School Others 228 864 91 si 1,234 824 159 52 1,035 Donatlons glven Tithes S West Bapt15t A55ociation Teignmouth Hub Shelter Box CR2EE DEC Appeals Special Collections N RACA others 2,168 1,620 650 285 2,239 1,515 215 3,000 1,050 700 loo 445 9,264 156 4,879 Page 10 of 12
North Teignmouth Community Church io Leglslatlon Health & Safety Safeguarding Membership Training DBS 51 208 18 83 360 42 138 50 42 272 11 Techno108y Equipment Software Website Costs Audiolvisual System Other items 147 88 243 189 25 604 243 101 25 457 Propertv Agents Fees Property Insurance Certifications Maintenance 745 336 80 126 1,287 745 294 70 1,485 2,594 13 Admlnlstratlon Affiliation Fees Music Licenses Subscriptions Bank Charges Audit Fees Insurance- Public Liability and Trustee Indemnity Elder, Trustee & Meeting Costs Stationery, postage & printing etc Mobile Phone Other items 30 388 72 61 280 479 21 414 82 60 290 521 122 141 581 2,124 27 14 M15cellaneous Duplicate charge re Payroll- WEBA (See Note 51 Donation to Teignmouth Hub {See Note 5) Indurtion Service NRACA Costs Christmas Costs Other 2,OCX) 514 659 47 62 49 15 Employment Salary Manse Allowance Employers Pension contribution Expenses Payroll Service C05tS Office Hire Donation towards College Fees Parking Permit Legal Costs other Costs 15,026 1.784 1,563 2,820 205 1,920 3,000 324 595 75 160 180 32 26,674 i.oio Page 11 of 12
North Teignmouth Community Church 16 Restrlcted Funds Funds brought forward on 1-10-2023 Increase in Valuation Closing Balance at 30-09-2024 Income Expenditure Property 166,500 38,500 205,000 Baby Bank (See Note below) Feb 2020 to Sep 2023 15,000 380 4,063 -2,531 -5,933 10,979 181,500 4,443 -8,464 38,5(N) 215,979 NOTE: The church commenced Baby Bank outreach in February 2020 and most income and expenditure up Ih to 30 September 2023 was dealt with as Unrestricted Funding. In February and August 2023 donations totalling £15,000 were received which were specified to be treated as Restricted Funding. The Income and Expenditure figures above are the transactions whlch took place from February 2020 through to September 2023 which have been transferred from Unrestricted Funds to Restricted Funds. All future Baby Bank funding will be treated as Restricted Funding. 17 Un-Restrlcted - Deslgnated Funds Funds brought forward on 1-10-2023 Transfers from General Fund Transfers Closlng Balance at 30-09-2024 General Funds Development Fund Property Maintenance Legacies: 109,022 7,000 10,470 126,492 -5,000 104,022 7,000 10,470 121,492 -5,000 Page 12 of 12