2024-03-31-accounts - Community Church Killingworth

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COMMUNITY CHURCH KILLINGWORTH CIO

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024

Charity Number 1156220

COMMUNITY CHURCH KILLINGWORTH CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2024

Contents	Page
Trustees annual report	1 to 5
Independent examiners report	6
Statement of Financial Activities	7
Balance sheet	8
Notes to the financial statements	9 to 16

COMMUNITY CHURCH KILLINGWORTH CIO TRUSTEES ANNUAL REPORT

For the year ended 31 March 2024

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2024.

The financial statements comply with the Charities Act 2022, 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

Sunday morning meetings took place weekly in their usual rented venue throughout 2023/24 and a range of midweek groups continued to meet in various members’ homes. The monthly church prayer meeting continued to meet in the usual local community building.

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 an age based stream focused on children and youth. All aspects of church Sunday meetings are open to all, members and visitors alike and all are made welcome. It has been a pleasure to welcome more visitors in the last year than we have seen in preceding years and grow relationships with those who have begun to attend regularly.

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. Alongside this, the church membership expressed a desire to increase our engagement with the local community and so the church began to provide monthly financial support to Destiny Streetworx (a local ministry reaching out to homeless and needy people in Newcastle city centre and The People’s Kitchen (a local ministry who provide a welcoming warm space and hot meals to all in need, again in Newcastle city centre.

COMMUNITY CHURCH KILLINGWORTH CIO

TRUSTEES ANNUAL REPORT

For the year ended 31 March 2024

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.

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 £47,498 (2023: £51,718) of which £nil was restricted (2023: £nil) and expenditure of £32,530 (2023: £108,381) of which £nil was restricted (2023: £56,998). There was an operating surplus of £14,968 (2023: deficit of £56,663) of which a deficit of £nil was restricted (2023: deficit of £56,998).

At 31 March 2024 the Charity had net assets of £151,348 (2023: £136,380) of which £nil was restricted (2023: £nil).

COMMUNITY CHURCH KILLINGWORTH CIO TRUSTEES ANNUAL REPORT

For the year ended 31 March 2024

Reserves policy/Going concern

The Trustees consider the level of reserves, £151,348 (2023: £136,380), 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 2023/24 in the coming year.

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 2024

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 2024

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 27.08.2024 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 2024

I report on the financial statements of Community Church Killingworth CIO for the year ended 31 March 2024, which are set out on pages 7 to 16.

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 One Strawberry Lane Newcastle upon Tyne NE1 4BX Date: 28.08.2024

COMMUNITY CHURCH KILLINGWORTH CIO

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2024

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
(Revised)
£ £ £ £
Income from:
Donations and legacies 6 45,293 - 45,293 51,427
Other trading activities 7 624 - 624 101
Investments 8 1,581 - 1,581 190
Total income 47,498 - 47,498 51,718
Expenditure on:
Charitable activities
Operation of the charity 9 32,530 - 32,530 108,381
Total expenditure 32,530 - 32,530 108,381
Net income/(expenditure) and net
14,968 - 14,968 ( 56,663 )
movement of funds
Reconciliation of funds
Total funds brought forward 136,380 - 136,380 193,043
Total funds carried forward 151,348 - 151,348 136,380
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 9 to 16 form an integral part of these accounts.

Charity Number 1156220

COMMUNITY CHURCH KILLINGWORTH CIO

BALANCE SHEET

As at 31 March 2024

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	£ 151,587 151,587 ( 630 )	Total 2024 £ 391 391 150,957 151,348 151,348 - 151,348	£ 137,010 137,010 ( 630 )	Total 2023 £ - - 136,380 136,380 136,380 - 136,380

The notes on pages 9 to 16 form an integral part of these accounts.

These financial statements were approved by the Board on: 27.08.2024

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 2024

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 £151,348 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 2024

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 £500 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 assets:

Office equipment

Three years straight line.

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

----- Start of picture text -----
Analysis of income
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
6 Donations and legacies
Donations and gifts 10,192 - 10,192 10,928
Gift Aid donations 30,301 - 30,301 31,754
Services 4,800 - 4,800 -
Gift Aid - - - 8,745
45,293 - 45,293 51,427
7 Other trading activities
Fundraising events 24 - 24 24
Other income 600 - 600 77
624 - 624 101
8 Income from investments
Bank interest 1,581 - 1,581 190
1,581 - 1,581 190
----- End of picture text -----

Income was £47,498 (2023: £51,718) of which £47,498 was unrestricted or designated (2023: £51,718) and £0 was restricted (2023: £0)

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of expenditure on charitable activities

9	*Charitable activities* Direct costs Support costs Governance costs Administration Licences External support Depreciation Write off - Building costs Professional fees Support Volunteer costs Speakers Children's work Pastoral gifts Building capital refunds Outreach Project venue hire Other project costs Insurance Other expenses Room hire Refreshments Equipment Independent examiner's fees for reporting on the accounts Building expenses Training Project resources	Unrestricted Funds £ 400 - 374 265 - 388 2,309 3,119 75 1,785 1,374 - 319 15,625 443 200 853 43 2,694 195 - 840 599 630 32,530	Restricted Funds £ - - - - - - - - - - - - - - - - - - - - - - - -	Total 2024 £ 400 - 374 265 - 388 2,309 3,119 75 1,785 1,374 - 319 15,625 443 200 853 43 2,694 195 - 840 599 630 32,530	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

Expenditure on charitable activities was £32,530 (2023: £108,381) of which £32,530 was unrestricted or designated (2023: £108,381) and £0 was restricted (2023: £0)

There were no other fees paid to the examiner (2023: £nil) Independent examiner's fees for reporting on the accounts	2024 £ 630 630	2023 £ 630 630

10 Fees for examination of the accounts

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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	Office equipment 2024 £ - 586 - 586 - 195 - 195 - 391	Total 2024 £ - 586 - 586 - 195 - 195 - -

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 2024

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)	2024 £ 12,936 138,650 1 151,587 2024 £ 630 630	2023 £ 7,995 127,069 1,946 137,010 2023 £ 630 630

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 2024

Fund balances brought forward Unrestricted funds £ General unrestricted fund 116,380 Designated funds Bequest to Community Church 20,000 *Totals* 136,380 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	Incoming resources £ 47,498 - 47,498 Incoming resources £ 51,718 - 51,718	Resources expended £ ( 32,530 ) - ( 32,530 ) Resources expended £ ( 51,383 ) - ( 51,383 )	Transfers £ - - - Transfers £ - - -	Fund balances carried forward £ 131,348 20,000 151,348 Fund balances carried forward £ 116,380 20,000 136,380

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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 2024

Fund balances brought forward Restricted funds £ Building fund - Building costs - *Totals* - For the year ended 31 March 2023 Fund balances brought forward Restricted funds £ Building fund 3,944 Building costs 53,054 *Totals* 56,998	Incoming resources £ - - - Incoming resources £ - - -	Resources expended £ - - - Resources expended £ ( 3,944 ) ( 53,054 ) ( 56,998 )	Transfers £ - - - Transfers £ - - -	Fund balances carried forward £ - - - Fund balances carried forward £ - - -

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

Funds for improvements to the premises. Funds to cover future depreciation costs

18 Capital commitments

As at 31 March 2024, the charity has a capital commitment to purchase a property which as yet has not been indentified. (2023 £nil )

19 Guarantee

There have been no guarantees given by the charity at 31 March 2024.

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 2024.

COMMUNITY CHURCH KILLINGWORTH CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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 2022.

22 Analysis of net assets between funds

Tangible fixed assets Other net current assets/(liabilities) Cash at bank and in hand	Unrestricted Funds £ 391 151,587 ( 630 ) 151,348	Restricted Funds £ - - - -	Total 2024 £ 391 151,587 ( 630 ) 151,348	Total 2023 £ - 137,010 ( 630 ) 136,380