2023-03-31-accounts - Community Church Killingworth

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COMMUNITY CHURCH KILLINGWORTH CIO

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2023

Charity Number 1156220

COMMUNITY CHURCH KILLINGWORTH CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2023

Contents	Page
Trustees annual report	1 to 6
Independent examiners report	7
	8
Statement of Financial Activities
Balance sheet	9
Notes to the financial statements	10 to 17

COMMUNITY CHURCH KILLINGWORTH CIO TRUSTEES ANNUAL REPORT For the year ended 31 March 2023

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2023.

The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and 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 October 2019)

1. Objectives and Activities

Aims of the Charity

The advancement of the Christian faith.
The relief of sickness, financial poverty and hardship.
The promotion of good health through the provision of funds, goods and services, and counselling both in the UK and overseas.
The furtherance of religious or secular public education through the provision of life skills both here and overseas.

Objectives, strategies and activities for the year

Following the earlier removal of lockdown restrictions and in line with current guidance, Community Church Killingworth was able to enjoy face to face meetings in its usual rented and domestic settings for the whole of the 2022/2023 year. Sunday morning meetings took place weekly in their usual rented venue and a range of midweek groups continued to meet in various members homes. The monthly church prayer meeting found a new home in a local community building following the sale of the previous venue.

At least one of the midweek groups still prefers to meet online using Zoom and they have continued to do this for the majority of their meetings although do also meet in person at least once a month.

Within the main Sunday meeting there continue to be age based streams focused on children and youth. All aspects of church Sunday meetings are open to all, members and visitors alike and all are made welcome.

The creative writing group achieved their objective from the previous year of self-publishing a book containing a selection of their works and over 100 copies of the book plus accompanying art and photographic works were sold at the book launch with all profits being donated to support one of the church youth who is attending a world mission event in Mexico during summer 2023.

COMMUNITY CHURCH KILLINGWORTH CIO TRUSTEES ANNUAL REPORT For the year ended 31 March 2023

Throughout the year the church has continued to provide poverty relief, meeting needs in the local community where members have become aware of them regardless of whether those who benefit are church members or not.

We have provided ongoing financial support to a family in Romania who are helping to meet the needs particularly of children and the elderly in the village of Poiana. Specific appeals continued to provide relief for those affected by the war in Ukraine, particularly via this family as they continue to be involved in meeting refugees at the border and providing support and essentials as needed.

Financial support has also continued to a family in Mexico whose ministry includes the building of homes for the poor and homeless.

The provision of food, clothing and toiletries to local charities working with the homeless and needy of our city has continued.

2. Public Benefit Statement

The Objects of the Church are for the public benefit:

1) to advance the Christian faith;

2) to relieve those in need by reason of youth, age, ill-health, disability, financial or other disadvantage in our community, nation and the world in such ways as the Trustees from time to time may think fit;

3) to advance education in our community, nation and the world in such ways as the Trustees from time to time may think fit.

3. Policy on Grant Making

No grants are made

4. Policy on Social Investment

No social investments are made

5. Contribution by Volunteers

As the church has no employees all activities and elements of church life, both internal and outreach focused, are carried out by volunteers.

COMMUNITY CHURCH KILLINGWORTH CIO TRUSTEES ANNUAL REPORT For the year ended 31 March 2023

6. Achievements and Performance

Covered under objectives and activities above

7. Fundraising

The church remains entirely funded by the generous regular giving of its members.

8. Investments

No investments made

9. Financial review

Review of the year

The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.

During the year the Charity had income of £51,718 (2022: £53,947) of which £nil was restricted (2022: £nil) and expenditure of £108,381 (2021: £157,373) of which £56,998 was restricted (2021: £120,920). There was an operating deficit of £56,663 (2022: deficit of £103,426) of which a deficit of £56,998 was restricted (2022: deficit of £123,175).

At 31 March 2023 the Charity had net assets of £136,380 (2022: £193,043) of which £nil was restricted (2022: £56,998).

Reserves policy/Going concern

The Trustees consider the level of reserves, £136,380 (2022: £136,045), prudent for the Charity at this time taking into account potential liabilities in the event that the charity ceased. Our Reserves Policy is reviewed annually.

10. Risk Management

The principal risk to the charity is that the church members giving would cease or decrease significantly. This is mitigated by the fact that a monthly internal finance report is circulated to the trustees – in the past 12 months this has shown a healthy month on month surplus so there is no concern in this respect at present.

11. Plans for future periods

The church is planning to continue the activities undertaken during 2022/23 in the coming year.

COMMUNITY CHURCH KILLINGWORTH CIO TRUSTEES ANNUAL REPORT For the year ended 31 March 2023

12. Reference and administrative details of the charity, its trustees and advisors

Registered charity name Community Church Killingworth CIO Charity number 1156220 Registered office 5 Orchard Close, Killingworth, Newcastle upon Tyne NE12 6YZ

T rustees and Members of the Board David Forrest (chair) – appointed 03.02.2014 David Glover – appointed 03.02.2014 Peter Bentley – appointed 03.02.2014 Alastair Hetherington (treasurer / secretary) appointed 03.02.2014

Independent Examiner

Doug Maltman FMAAT Connected Voice Business Services Ltd One Strawberry Lane Newcastle upon Tyne. NE1 4BX.

Bankers

Barclays Bank

Solicitors

Mincoffs Solicitors LLP 5 Osborne Terrace Newcastle upon Tyne NE2 1SQ

13. Fund held as custodian trustees on behalf of others

No such funds are held

14. Exemptions from disclosures

There are no such exemptions

COMMUNITY CHURCH KILLINGWORTH CIO TRUSTEES ANNUAL REPORT For the year ended 31 March 2023

15. Structure, governance and management

Governing Document

The organisation is a Charitable Incorporated Organisation - Foundation registered on 14 March 2014 as a body corporate under part 11 of the Charities Act 2011.

Recruitment and Appointment of the Board

The trustees will continue to seek new members of the board at such times, as they are deemed necessary. Appointment is agreed by existing board members. Trustees are selected on the basis of specialist skills and commitment to the objectives and aims of the organisation.

Board Induction and Training

New Board Members are introduced to the work of the organisation and informed of their legal roles and responsibilities at an induction meeting. The induction and training programme for new Board Members includes:

A briefing by the Chair or Chief Executive
An explanation of roles and responsibilities as a Board Member
Copies of the main charity documents including the Memorandum and Articles of Association and the Financial Statements
Copy of the business plan and most recent evaluation report
Copies of recent board papers including budgets and management accounts
A copy of the Charity Commission publication "How to be an Effective Trustee"
A copy of the governance structure.

The current insurance policy provides trustee indemnity cover.

16. Related parties

No related parties

COMMUNITY CHURCH KILLINGWORTH CIO TRUSTEES ANNUAL REPORT For the year ended 31 March 2023

17. Statement of Trustee Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity SORP requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of incoming resources and application of resources, including the receipts and payments of the charity for that year. In preparing those financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards 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 charity will continue in operation.

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 15.01.2024 and signed on their behalf by:

David T Forrest Chair

COMMUNITY CHURCH KILLINGWORTH CIO

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2023

I report on the financial statements of Community Church Killingworth CIO for the year ended 31 March 2023, which are set out on pages 8 to 17.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2022 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

h examine the accounts under section 145 of the Charities Act,
h to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
h to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

h the accounting records were not kept in accordance with section 130 of the Charities Act; or
h the accounts did not accord with the accounting records; or
h the accounts did 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 examination.

I�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.

Doug Maltman FMAAT Fellow Member of the Association of Accountancy Technicians Connected Voice Business Services Ltd One Strawberry Lane Newcastle upon Tyne NE1 4BX Date: 17.01.2024

COMMUNITY CHURCH KILLINGWORTH CIO

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2023

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2023 2022
(Revised)
£ £ £ £
Income from:
Donations and legacies 6 51,427 - 51,427 53,863
Charitable activities
Grants and contracts 7 - - - -
Investments 8 190 - 190 19
Total income 51,718 - 51,718 53,947
Expenditure on:
Charitable activities
Operation of the charity 9 51,383 56,998 108,381 157,373
Total expenditure 51,383 56,998 108,381 157,373
Net income/(expenditure) and net
335 ( 56,998 ) ( 56,663 ) ( 103,426 )
movement of funds
Reconciliation of funds
Total funds brought forward 136,045 56,998 193,043 296,469
Total funds carried forward 136,380 - 136,380 193,043
Notes
----- End of picture text -----

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 10 to 17 form an integral part of these accounts.

Charity Number 1156220

COMMUNITY CHURCH KILLINGWORTH CIO

BALANCE SHEET

As at 31 March 2023

Fixed assets Tangible assets 13 *Total fixed assets* Current assets Cash at bank and in hand 14 *Total current assets* Creditors:amounts falling due within one year 15 *Net current assets* *Total net assets or liabilities* Funds of the charity Unrestricted income funds Restricted income funds *Total funds* Notes	£ 137,010 137,010 ( 630 )	Total 2023 £ - - 136,380 136,380 136,380 - 136,380	£ 141,219 141,219 ( 1,230 )	Total 2022 £ 53,054 53,054 139,989 193,043 136,045 56,998 193,043

The notes on pages 10 to 17 form an integral part of these accounts.

These financial statements were approved by the Board on:

15.01.2024

and are signed on its behalf by: D T Forrest Chair

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with 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 October 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2022.

Community Church Killingworth CIO meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year end of £136,380 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

3.4 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

3.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.6 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

5 Assets

5.1 Tangible fixed assets for use by the charity

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed

Building

No depreciation.

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

----- Start of picture text -----
Analysis of income
Unrestricted Restricted Total Total
Funds Funds 2023 2022
£ £ £ £
6 Donations and legacies
-
Donations and gifts 10,928 10,928 12,168
Gift Aid donations 31,754 - 31,754 33,213
Services - - - 60
Gift Aid 8,745 - 8,745 8,422
-
51,427 51,427 53,863
7 Other trading activities
Fundraising events 24 - 24 65
Other income 77 - 77 -
101 - 101 65
8 Income from investments
Bank interest 190 - 190 19
190 - 190 19
----- End of picture text -----

Income was £51,718 (2022: £53,947) of which £51,718 was unrestricted or designated (2022: £53,947) and £0 was restricted (2022: £0)

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

Analysis of expenditure on charitable activities

9	*Charitable activities* Direct costs Support costs Governance costs Depreciation Write off - Building costs Support Volunteer costs Speakers Children's work Pastoral gifts Building capital refunds Outreach Project venue hire Project resources Administration Licences External support Insurance Other expenses Room hire Refreshments Equipment Independent examiner's fees for reporting on the accounts Building expenses Training	Unrestricted Funds £ 53 162 - 1,320 400 421 1,384 3,120 38 1,031 6,056 441 24,020 437 160 100 316 1,226 - - 10,068 630 51,383	Restricted Funds £ - - - - - - - - - - 3,944 - - - - - - - - 53,054 - - 56,998	Total 2023 £ 53 162 - 1,320 400 421 1,384 3,120 38 1,031 10,000 441 24,020 437 160 100 316 1,226 - 53,054 10,068 630 108,381	Total 2022 £ 400 129 90 1,631 100 216 464 - 2,080 1,158 120,820 425 22,180 428 150 318 724 2,400 3,030 - - 630 157,373

Expenditure on charitable activities was £108,381 (2022: £157,373) of which £51,383 was unrestricted or designated (2022: £36,453) and £56,998 was restricted (2022: £120,920)

10 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts	2023 £ 630 630	2022 £ 630 630

There were no other fees paid to the examiner (2022: £nil)

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

11 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

12 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

13 Tangible fixed assets Cost Balance brought forward Additions Disposals Balance carried forward Depreciation Basis Rate Balance brought forward Depreciation charge for year Disposals Balance carried forward Net book value Brought forward Carried forward	Building £ 53,054 - ( 53,054 ) - - - - - 53,054 -	Total £ 53,054 - ( 53,054 ) - - - - - 53,054 -

Building cost related to the preparation and professional fees for the future purchases of a property, the purchase was ceased and the initial costs of the purchase written off to expenditure..

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

14 Cash at bank and in hand

CCK current account Deposit account CCK cash 15 Independent examination of accounts Accruals Creditors and accruals (payable within 1 year)	2023 £ 7,995 127,069 1,946 137,010 2023 £ 630 630	2022 £ 14,145 126,880 194 141,219 2022 £ 1,230 1,230

16 Events after the end of the reporting period

No other significant events affecting the Charity since the year end.

17 Analysis of charitable funds

Analysis of movements in unrestricted funds For the year ended 31 March 2023

Fund balances brought forward Unrestricted funds £ General unrestricted fund 116,045 Designated funds Bequest to Community Church 20,000 *Totals* 136,045 For the year ended 31 March 2022 Fund balances brought forward Unrestricted funds £ General unrestricted fund 96,296 Designated funds Bequest to Community Church 20,000 *Totals* 116,296	Incoming resources £ 51,718 - 51,718 Incoming resources £ 53,947 - 53,947	Resources expended £ ( 51,383 ) - ( 51,383 ) Resources expended £ ( 36,453 ) - ( 36,453 )	Transfers £ - - - Transfers £ 2,255 - 2,255	Fund balances carried forward £ 116,380 20,000 136,380 Fund balances carried forward £ 116,045 20,000 136,045

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

Purpose of unrestricted funds

General unrestricted fund The 'free reserves' of the charity Designated Fund - Bequest to Cost of employing a Youth leader in the future. Community Church

Analysis of movement in restricted funds For the year ended 31 March 2023

Fund balances brought forward Restricted funds £ Building fund 3,944 Building costs 53,054 *Totals* 56,998 For the year ended 31 March 2022 Fund balances brought forward Restricted funds £ Building fund 124,864 Building costs 53,054 Footsteps 394 CAP 1,861 *Totals* 180,173	Incoming resources £ - - - Incoming resources £ - - - - -	Resources expended £ ( 3,944 ) ( 53,054 ) ( 56,998 ) Resources expended £ ( 120,920 ) - - - ( 120,920 )	Transfers £ - - - Transfers £ - - ( 394 ) ( 1,861 ) ( 2,255 )	Fund balances carried forward £ - - - Fund balances carried forward £ 3,944 53,054 - - 56,998

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Building Fund Building costs Footsteps CAP

Funds for improvements to the premises. Funds to cover future depreciation costs Self funding project. Self funding project.

Transfers between funds

Between unrestricted and restricted funds Between unrestricted and restricted funds Footsteps fund closed. CAP fund closed. Reason for transfer	Amount £ 394 1,861

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

18 Capital commitments

As at 31 March 2023, the charity has a capital commitment to purchase a property which as yet has not been indentified. (2022 £nil )

19 Guarantee

There have been no guarantees given by the charity at 31 March 2023.

20 Debt

There is no debt outstanding which is owed by the charity and which is secured by an excess charge on any of the assets of the charity at 31 March 2023.

21 Governing document

The organisation is a Charitable Incorporated Organisation - Foundation registered on 14 March 2014 as a body corporate under part 11 of the Charities Act 2011.

22 Analysis of net assets between funds

Tangible fixed assets Other net current assets/(liabilities) Cash at bank and in hand	Unrestricted Funds £ - 137,010 ( 630 ) 136,380	Restricted Funds £ - - - -	Total 2023 £ - 137,010 ( 630 ) 136,380	Total 2019 £ 53,054 141,219 ( 1,230 ) 193,043