## **PNEUMA CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
**TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
**CHARITY REGISTRATION No: 1156319**
**COMPANY REGISTRATION No: 08824457**
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **CONTENTS**
|Page 2|Reference and administrative details of the charity, its trustees and advisors|
|---|---|
|Pages 3 to 5|Trustees' report|
|Page 6|Independent examiner's report|
|Page 7|Statement of financial activities|
|Page 8|Balance sheet|
|Pages 9 to 20|Notes to the financial statements|
1
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
## **CHARITY NAME**
Pneuma Church (formerly Ashford Vineyard Church)
## **CHARITY NUMBER**
1156319
**COMPANY REGISTRATION NUMBER START OF FINANCIAL YEAR**
8824457
1st April 2022
**END OF FINANCIAL YEAR**
31st March 2023
**TRUSTEES THAT SERVED DURING THE YEAR TO 31 MARCH 2023**
Mr C M Kimmance Mrs R Tomsett (nee Jenkins) Mr I Witts Mrs E Davies Mr R M L Eason Mr J K Henderson Mrs L Mitchell (appointed December 2022) Mrs J Morton (resigned March 2023) Mrs P Duncan (resigned September 2022)
## **COMPANY SECRETARY**
Mrs J Morton (resigned March 2023) Mr R M L Eason (appointed March 2023)
## **REGISTERED ADDRESS**
Units 1 & 9 Ashford Works Cobbswood Industrial Estate Brunswick Road Ashford Kent TN23 1EH
## **DATE OF INCORPORATION**
23rd December 2013
## **GOVERNING DOCUMENT**
Memorandum and Articles of Association
## **BANKERS**
Metro Bank CAF Bank Limited One Southampton Row 25 Kings Hill Avenue London Kings Hill WC1B 5HA ME19 4JQ
## **INDEPENDENT EXAMINERS**
Independent Examiners Limited Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
2
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The trustees present their report and financial statements for the year ended 31 March 2023.
The financial statements 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 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Objectives and Activities**
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 and in particular to its supplementary public benefit guidance.
The Charity's objectives (the objects) are for the public benefit and are restricted to the following:
(a) to advance the Christian faith in accordance with the statement of beliefs in the schedule to the articles hereto attached, including but not by way of limitation through the planting of other Churches in such ways and in the Borough of Ashford, such parts of the United Kingdom or the world as the Trustees from time to time may think fit; (b) to further Christian education in Ashford, the United Kingdom and the world as the Trustees from time to time may think fit;
(c) to relieve sickness and financial hardship and to promote and preserve good health and wholeness by the provision of funds, goods or services of any kind, including through the provision of counselling, training in life skills, emotional support through belonging and support in Ashford or such parts of the United Kingdom or the world as the Trustees from time to time may think fit;
(d) to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstance with the objective of improving their conditions of life;
(e) to help bring a fullness of life to the people of Ashford and beyond as the trustees see fit, creating an environment where people do not have to believe in order to belong and where those who consider themselves to be a part of Pneuma Church are focused on bringing this fullness of life to others both locally and beyond.
Having ceased to be a Vineyard church at the beginning of the financial year, the first part of the year involved rebranding, a new website and a focus throughout the year on exploring the new Pneuma Church Culture with 60 people attending 13 Culture Groups.
Whilst the Covid pandemic had formally ended, the after-effects were still evident with reduced numbers returning to attend 'in person'. However, many continued to watch services online. Through the year we had 6,109 individual connections with Pneuma Sundays with an average of 117 a week, of which approximately 23% of these were online via YouTube, Facebook and Church Online. This was from a start of around 70 attending at the beginning of the year and an average growth rate of about 1% per week.
Otherwise, much of our broader activity has continued as the previous year with our volunteers making an enormous contribution in seeing us fulfil our aims. We have around 200 volunteers who contribute in a variety of ways, from the food bank/Renew programme to The Beehive, on Sundays, children's work, in youth and more.
3
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Achievements and Performance**
As part of our endeavours to re-connect people and build 'family', Feast was established as a bi-weekly mid-week event to gather people to eat together around a table at the Warehouse.
We have had 905 separate bookings of our rooms and spaces at the Warehouse during the year, both internal and external. These bookings have included addiction recovery groups, baby massage, parenting groups, prayer meetings, children and youth events, school uniform events, birthday parties and fundraising quiz nights. The space was also used as an alternative to a contact centre on more than one occasion.
Compassion has seen:
- 14 clients completed the CAP (Christians Against Poverty) money course,
- 439 Family Food Bank boxes given out, in association with Fareshare,
- Renew, our 'social supermarket' shop was accessed 303 times during the year, and;
- We hosted 150 appointments, giving away baby clothes and equipment.
## The Beehive:
- Volunteers: 79 with 7 going on into meaningful employment
- Referrals: 182 appointments (+78%) giving £7,371 value of clothing
- Social media: 2021 Face book followers (+273), 1425 Instagram followers (+193)
- 1 podcast, 10 episodes, 678 listeners
- ∙ Café: 511 iced drinks, 631 hot chocolates, 1,373 cakes, 3,416 coffees, 765 teas
- Shop: 16,765 visitors, 304 items of merchandise, 7,906 items clothing, 898 items sold on ebay, £3,465 in donations
- Hub: 26 events – 966 people at 46 Ukrainian coffee mornings, 139 people at other coffee mornings
- ∙ New initiatives: Sponsor an appointment, venue hire, virtual office
## **Financial Review**
The charity has achieved a deficit of £35,230 for the year, compared to the deficit of £90,770 the previous year. The charity received grants and donations in response to the COVID-19 pandemic that are still being used and make up a portion of the reserved funds. The income across the charity has increased (£381,400 compared to £338,954 in 2022) and the expenses decreased over this financial year. There has been a marked increase in general donations (£300,933 compared to £242,971 in the previous year) however grant funding remains reduced on previous years. The finance team is working to explore further income streams for the next financial year.
The charity has a policy for holding reserves (see Finance Policy, section 4.9). The Trustees agreed to hold reserves covering approximately one month’s expenditure to allow for a temporary shortfall in income, or unexpected expenditure, thereby ensuring that the charity will be able to continue to fulfil its charitable objectives. However, during the financial year the unrestricted net current assets (also known as free reserves) ended at £7,635 in deficit as a result of support needed by the Beehive for salary and rent payments, partly as a knock-on effect from the COVID-19 pandemic and increases in energy costs. The reserves are now being re-built.
The Trustees will endeavor not to set aside funds unnecessarily. The trustees have assessed the major risks to which the charity is exposed and are satisfied that there are systems in place to mitigate exposure to the major risks.
It should be noted that the Church is continuing to go through a period of transition, following the change to Pneuma Church, and is closely monitoring income and expenditure.
## **Structure, governance and management**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
4
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Structure, governance and management**
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr C M Kimmance Mr J K Henderson Mrs R Tomsett (nee Jenkins) Mrs L Mitchell (appointed December 2022) Mr I Witts (resigned December 2023) Mrs J Morton (resigned March 2023) Mrs E Davies Mrs P Duncan (resigned September 2022) Mr R M L Eason
None of the trustees has any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Trustees are selected, supported and trained in accordance with the Pneuma Church Trustee Criteria and Recruitment Policy.
The trustees monitor from the outside, working with the leaders to revise policies where necessary and checking that these policies are understood and being implemented to the best of the ability of the leaders.
## **Funds held as custodian trustees on behalf of others**
None
## **Trustees Responsibilities**
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The trustees are responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.
The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
This Report was approved by the Trustees on 30th January 2024 and signed on their behalf by:
…........................................................
Trustee, on behalf of the Board
## R M L Eason
5
## **PNEUMA CHURCH**
## **INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF PNEUMA CHURCH**
I report to the trustees on my examination of the accounts of Pneuma Church for the year ended 31st March 2023.
## **Responsibilities and basis of report**
As the charity’s trustees of the charitable company (who are also the directors of the company 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 charitable company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
The company’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a member of The Association of Charity Independent Examiners.
## **Independent examiner's statement**
I have completed my examination. I confirm that apart from the matter disclosed below, no other material matters have come to my attention which gives me cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other
- than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
The Examiner has drawn to the attention of the charity management the fact that some of the restricted funds held (namely Mens Shed) relate to projects that finished many years ago. The Trustees have been advised to attempt to contact the original donors to obtain permission for the restriction to be lifted or transferred to another similar project, or failing that, to contact the Charity Commission for further guidance.
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.
Signed:
> Name: J Irvinesmith FCIE
> Date: 31st January 2024
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
6
## **PNEUMA CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023**
|Notes
**Income from:**
Donations and legacies
2a
Charitable activities
2b
Investments
2c
Other Trading activities
2d
**Total income**
**Expenditure on:**
Charitable activities
3a, 3b
**Total Expenditure**
**Net income/expenditure before**
**other recognised gains and losses**
Transfers between funds
10
**Net movement in funds**
**Reconciliation of funds:**
Total Funds Brought Forward
**Total Funds Carried Forward**|Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
250,942
66,618
317,560
300,553
5,313
56,158
61,471
37,475
184
36
220
13
477
1,672
2,149
913
256,915
124,485
381,400
338,954
280,933
135,697
416,630
429,724
280,933
135,697
416,630
429,724
(24,018)
(11,212)
(35,230)
(90,770)
(3,634)
3,634
-
-
(27,652)
(7,578)
(35,230)
(90,770)
35,386
65,292
100,678
191,448
7,734
57,714
65,448
100,678|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 9 to 20 form part of these financial statements.
7
## **PNEUMA CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **Reg.company no.08824457**
## **BALANCE SHEET AS AT 31 MARCH 2023**
|Note
**Fixed Assets:**
Tangible assets
6
**Current Assets:**
Debtors
7
Cash at bank and in hand
**Total Current Assets**
Creditors: amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS less current liabilities**
**NET ASSETS**
Funds of the Charity
General Unrestricted Funds
Restricted Funds
9
**Total Funds**|Unrestricted
Restricted
31.3.23
31.3.22
Funds
Funds
Total
Total
£
£
£
£
15,369
4,314
19,683
19,081
3,940
694
4,634
4,634
6,894
52,706
59,600
94,654
10,834
53,400
64,234
99,288
(18,469)
-
(18,469)
(17,691)
-
-
(7,635)
53,400
45,765
81,597
-
-
7,734
57,714
65,448
100,678
7,734
57,714
65,448
100,678
7,734
-
7,734
35,386
-
57,714
57,714
65,292
7,734
57,714
65,448
100,678|
|---|---|
## **Directors' Responsibilities:**
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The financial statements were approved and authorised for issue by the Trustees on 30th J������ �0�� and signed on their behalf, by:
**----- Start of picture text -----**
…..................................................
Trustee, on behalf of the Board
**----- End of picture text -----**
## R M L Eason
8
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. Accounting policies**
## **a) Basis of preparation**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
The financial statements 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 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Pneuma Church 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.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. There may be minor discrepancies as pence are not being shown.
## **b) Changes to accounting estimates**
There have been no changes to accounting estimates in the reporting period.
## **c) Material prior period errors and changes to previous accounts**
No material prior period errors have been identified in this accounting period and there have been no changes to previous accounts.
## **d) Preparation of accounts on a going concern basis**
Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.
## **e) Income**
Income is included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the income;
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **f) Interest receivable**
Interest on funds held on deposit is included when receipt is probable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **g) Grants and Donations**
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
## **h) Tax Reclaims on Donations and Gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **i) Government Grants**
The charity has received government grants in the reporting period.
9
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **j) Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **k) Expenditure**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **l) Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
## **m) Operating leases**
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
## **n) Taxation**
The charity is exempt from tax on its charitable activities.
## **o) Legal status of the charity**
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## **p) Redundancy payments**
The charity made no redundancy payments during the period.
## **q) 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.
## **r) Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **s) Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **t) Tangible Fixed Assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Leasehold improvements 10% on cost until 31.3.20. From 1.4.20: 35% on cost
Plant and equipment 20% on reducing balance Fixtures and fittings 20% on reducing balance
Computers 33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
10
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
|2. INCOME FROM:
Note
a) Donations and legacies
Compassion gifts
Donations and gifts
Grants - HMRC job retention scheme
Grants - local government
Grants - other trusts and foundations
b) Charitable activities
Charitable rental income
Sales within charitable activities
Tour Payments (refunded)
c) Investments
Interest receivable
d) Other Trading activities
Fundraising events|Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
202
-
202
-
247,685
53,308
300,993
242,971
-
-
-
218
3,030
5,159
8,189
40,849
24
8,151
8,175
16,515
250,942
66,618
317,560
300,553
3,915
1,300
5,215
4,019
1,398
47,997
49,395
33,456
-
6,861
6,861
-
5,313
56,158
61,471
37,475
184
36
220
13
184
36
220
13
477
1,672
2,149
913
477
1,672
2,149
913|
|---|---|
11
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
|3. EXPENDITURE ON
Charitable activities
a) Direct Costs
Staff costs
Staff training
Travel and subsistence
Giving out
Refreshments
Other ministry costs
Sings! And UK Sings! Expenses
Sings! tour costs (2022: includes refunds given)
Cost of Goods Sold
Youth
b) Governance costs
Accountancy and Bookkeeping (includes accounts software)
Independent Examiners Fees
Share of support costs (note 4)|Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
173,255
71,306
244,561
226,020
2,519
309
2,829
3,948
1,567
5,177
6,744
3,016
6,017
776
6,794
16,150
5,144
6,314
11,458
7,259
12,636
6,260
18,896
18,864
1,134
2,627
3,761
717
-
-
-
1,400
80
6,560
6,640
5,548
-
-
-
373
421
-
421
453
2,160
-
2,160
2,112
76,000
36,367
112,367
143,864
280,933
135,697
416,630
429,724|
|---|---|
12
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## 4. ANALYSIS OF EXPENDITURE BY TYPE
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Support costs|TOTAL|TOTAL|
|Unrestricted|Restricted|
|Funds|Funds|
|2023|2022|
|£|£|£|£|
|Depreciation|3,595|1,079|4,674|36,342|
|Entertainment|1,734|140|1,874|981|
|Operating lease charges and rent|35,000|16,800|51,800|55,986|
|Rates and water|315|-|315|3,295|
|Insurance|1,111|434|1,544|1,524|
|Light and heat|10,409|3,386|13,795|8,634|
|Telephone|4,763|309|5,073|4,081|
|Printing, postage and stationery|6,161|4,987|11,149|8,302|
|Advertising|481|383|864|1,662|
|Sundries|1,611|10|1,621|3,876|
|Subscriptions and licences|3,973|3,033|7,006|5,238|
|Repairs and maintenance|5,092|4,943|10,035|11,852|
|Bank charges|106|863|969|973|
|-|
|Legal and professional fees|1,649|1,649|1,118|
|Total 2023|76,000|36,367|112,367|143,864|
|Total 2022|70,292|73,572|143,864|
**----- End of picture text -----**
## 5. NET INCOME/(EXPENDITURE)
This is stated after charging:
Independent Examiners Fees
**----- Start of picture text -----**
|||
|---|---|
|TOTAL|TOTAL|
|2023|2022|
|£|£|
|2,160|2,112|
**----- End of picture text -----**
13
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
6. TANGIBLE FIXED ASSETS
|Cost
01-Apr-22
Additions
Disposals
Transfer (note 11)
Cost at
31-Mar-23
Depreciation
01-Apr-22
Disposals
Charge
Transfer (note 11)
Depreciation at
31-Mar-23
Net Book Value
31-Mar-23
Net Book Value
31-Mar-22
7. DEBTORS AND PREPAYMENTS
Prepayments
Other debtors|Beehive
General
General
Restricted
Restricted
Restricted
Unrestricted
Unrestricted
Fund
Fund
Fund
Fund
Fund
Leasehold
Plant and
Fixtures and
Plant and
Leasehold
Total
Improvements
Equipment
Fittings
Equipment Improvements
£
£
£
£
£
£
134,439
21,998
6,870
16,218
-
179,525
-
-
5,277
-
5,277
-
-
-
-
-
-
(134,439)
(21,998)
-
21,998
134,439
-
-
-
6,870
43,493
134,439
184,802
133,642
16,796
1,477
8,529
-
160,444
-
-
-
-
-
-
-
-
1,079
2,799
797
4,675
(133,642)
(16,796)
-
16,796
133,642
-
-
-
2,556
28,124
134,439
165,119
-
-
£
4,314
15,369
-
19,683
797
5,202
5,393
7,689
-
19,081
Unrestricted
Restricted
Total
Total
Fund
Fund
31.3.23
31.3.22
£
£
£
£
-
694
694
694
3,940
-
3,940
3,940
3,940
694
4,634
4,634
Fit for Purpose|
|---|---|
8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|Accruals and deferred income
Independent Examiners Fees
Payroll Liabilities
Pension Contributions
Social Security costs|Unrestricted
Restricted
Total
Total
Fund
Fund
31.3.23
31.3.22
£
£
£
£
12,612
-
12,612
12,786
2,160
-
2,160
2,112
47
-
47
-
705
-
705
-
2,945
-
2,945
2,793
18,469
-
18,469
17,691|
|---|---|
14
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## 8.a) DEFERRED INCOME
**----- Start of picture text -----**
|||
|---|---|
|Deferred income brought forward 1st April 2022|9,612|
|-|
|Utilised in the year|
|-|
|-|
|Receipts in 2022/2023|
|Deferred income as at 31st March 2023|9,612|
**----- End of picture text -----**
Deferred Income represents funds received in advance for a tour that was postponed due to the Covid-19 pandemic.
9. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL
**----- Start of picture text -----**
||||
|---|---|---|
|2023|2022|
|£|£|
|Gross Wages and Salaries|232,231|213,504|
|Casual Wages|104|2,397|
|Social Security Costs|8,789|7,250|
|Employer's Pension Costs|3,437|2,869|
|244,561|226,020|
**----- End of picture text -----**
The average number of persons employed by the company during the year was as follows:
**----- Start of picture text -----**
||||
|---|---|---|
|2023|2022|
|Activities in furtherance of organisation's objectives|14|15|
|Administration|2|2|
|No employees received emoluments in excess of £60,000 (2022: Nil)|
**----- End of picture text -----**
The key management personnel of the charity comprise the Trustees and Senior Management Team. The total employee benefits (including employer national insurance and employer pension contributions) of the key management personnel of the charity were £89,008 (2022: £85,848)
The charity offers a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity, in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,437 (2022: £2,869).
In this financial period the charity has paid trustees remuneration and benefits (including Employer NI and Employer Pension contributions) for their roles as Church Pastor and Site Manager as follows:
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Name of Trustee|Legal authority|Amounts paid or benefit value|
|Remuneration|Employer NI|2023|2022|
|and Pension|Total|Total|
|£|£|£|£|
|C Kimmance (Church Pastor)|Governing document|46,749|7,091|53,840|51,604|
|R Tomsett|(Site Manager)|Governing document|8,665|-|8,665|8,413|
|55,414|7,091|62,505|60,017|
**----- End of picture text -----**
Trustee R Tomsett also received £104 in payments for hosting outside events using the Warehouse facilities. This is unrelated to both her employment and trusteeship, and is paid on a casual basis.
No trustees were remunerated for their role as a trustee. Three trustees received reimbursement for purchases made on behalf of the charity totalling £2,913 (2022: Two Trustees received reimbursements totalling £1,972).
15
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
9. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL (continued)
In the period the charity has paid trustees expenses as follows:
|Number of trustees who were paid expenses
Amount Paid
Travel, mileage and subsistence
Total amount paid
£|2023
2022
0
1
2023
2022
Total
Total
£
£
0
540
0
540|
|---|---|
Four Trustees were reimbursed a total of £2,913 for items purchased on behalf of the charity.
## 10. RELATED PARTY TRANSACTIONS
In the period the charity has paid remuneration to related parties to trustees, for their roles as Church Pastor and Beehive Project Administrator as follows:
|Name of related party
N Kimmance (Church Pastor)
L Anderson
(Administrator)|Related party to
C Kimmance (Trustee)
R Anderson (Trustee
until 28th June 2021)|Amounts paid or benefit value
Remuneration
Employer NI
2023
2022
and Pension
Total
Total
£
£
£
£
23,686
2,818
26,504
25,452
0
-
0
379
23,686
2,818
26,504
25,831|
|---|---|---|
Note: only the salary for L Anderson for the period up to the resignation of R Anderson as a Trustee on 28th June 2021 is shown above for 2022.
16
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## 11. STATEMENT OF FUNDS
|Statement of Funds
**Unrestricted funds**
General Unrestricted Funds
**Restricted funds**
Mens Shed
Compassion
Ashford Sings!
Beehive
Fit for Purpose *
TOTAL FUNDS
Restricted Funds are represented by:
AS Sings!
Beehive
bank
bank
£
£
Mens Shed
-
-
Compassion
-
-
Ashford Sings!
39,697
-
Beehive
-
530
39,697
530|Balance
Income
Expenditure
Transfers
Balance
01-Apr-22
31-Mar-23
£
£
£
£
£
35,386
256,915
(280,933)
(3,634)
7,734
982
-
-
-
982
25,849
16,800
(41,414)
-
1,235
26,305
34,884
(10,537)
-
50,652
6,158
72,800
(83,746)
9,632
4,844
5,998
-
-
(5,998)
-
65,292
124,485
(135,697)
3,634
57,714
100,678
381,400
(416,630)
-
65,448
Main church
31-Mar-23
bank/s
Debtors
Creditors
Fixed Assets
TOTAL
£
£
£
£
£
982
-
-
-
982
1,235
-
-
-
1,235
10,262
694
-
-
50,653
-
-
-
4,314
4,844
12,479 694 -
4,314
57,714
**Current Year**|
|---|---|
* The Fit for Purpose Fund was declared finished in 2018. The restriction placed on fixed assets purchased from those funds was fulfilled once the asset had been purchased. The assets have therefore been transferred to the general unrestricted fund.
17
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## 11. STATEMENT OF FUNDS
|Statement of Funds
**Unrestricted funds**
General Unrestricted Funds
**Restricted funds**
Mens Shed
Compassion
Ashford Sings!
Beehive
Fit for Purpose
TOTAL FUNDS
Restricted Funds are represented by:
AS Sings!
Beehive
bank
bank
£
Mens Shed
-
-
Compassion
-
-
Ashford Sings!
19,743
-
Beehive
-
765
Fit for Purpose
-
-
19,743
765|Balance
Income
Expenditure
Transfers
Balance
01-Apr-21
31-Mar-22
£
£
£
£
£
60,462
226,775
(249,666)
(2,185)
35,386
982
-
-
-
982
40,312
37,371
(51,834)
-
25,849
23,007
7,877
(4,579)
-
26,305
26,336
66,931
(89,294)
2,185
6,158
40,349
-
(34,351)
-
5,998
130,986
112,179
(180,058)
2,185
65,292
191,448
338,954
(429,724)
-
100,678
Main church
31-Mar-22
bank/s
Debtors
Creditors
Fixed Assets
TOTAL
£
£
£
£
982
-
-
-
982
25,849
-
-
-
25,849
5,868
694
-
-
26,305
-
-
-
5,393
6,158
-
-
-
5,998
5,998
32,699 694 -
11,391
65,292
**Prior Year**|
|---|---|
## Purpose of Restricted Funds:
Mens Shed The Men's Shed Fund is used to provide opportunities for men to participate in practical group activities such as engineering projects, woodworking or gardening, where they can share and learn new skills by working 'shoulder to shoulder' to support one another. The Men's Shed project was closed in the summer of 2020. With the agreement of the Men's Sheds organisation, the physical items bought with grant money were donated to other, local groups who were providing a similar facility. The Trustees intend to seek to reallocate any remaining cash funds to a current project with similar aims. Compassion Compassion is the arm of the church that helps to support and empower the local community to lead more fulfilled lives. This embodies a number of projects. The main project is “Renew”, which has received generous funding from Ashford Borough Council. Again, the WHH Meals was a time limited project during Covid Lockdown, which has now ended; as was the Covid-19 Relief Fund. Ashford Sings! Ashford Sings! is a community choir sponsored and operated by Pneuma Church. It offers weekly rehearsals, arranges quizzes and concerts in aid of local causes, and does an annual tour to Europe. Beehive The Beehive is a secondhand clothing boutique that offers a personal shopping service to ladies who come in for clothing. Some ladies are referred to The Beehive by social services or GPs etc and will then be given clothes for free. The Beehive also runs life-skills groups from its property in Ashford. Fit for Purpose This fund was for Pneuma Church's project to acquire its own premises, known as The Warehouse. This includes donations received, expenses incurred as part of the project, as well as capital expenditure on the warehouse. The fund was closed and declared finished in December 2018, and the balance held at 31st March 2022 represents the net book value of fixed assets (for the warehouse) that were purchased with those funds. As the terms of the restriction were fulfilled on purchase of the asset, the asset was transferred to general fund in 2023.
18
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## 12. SUMMARY OF FUNDS
|Summary of funds
General funds
Restricted funds
General funds
Restricted funds|Balance
Income
Expenditure
Transfers
Balance
01-Apr-22
31-Mar-23
£
£
£
£
£
35,386
256,915
(280,933)
(3,634)
7,734
65,292
124,485
(135,697)
3,634
57,714
100,678
381,400
(416,630)
-
65,448
Balance
Income
Expenditure
Transfers
Balance
01-Apr-21
31-Mar-22
£
£
£
£
£
60,462
226,775
(249,666)
(2,185)
35,386
130,986
112,179
(180,058)
2,185
65,292
191,448
338,954
(429,724)
-
100,678
**Current year**
**Prior Year**|
|---|---|
## 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
|Tangible assets
Current assets
Creditors due within one year|Unrestricted
Restricted
Total
Fund
Fund
2023
£
£
£
15,369
4,314
19,683
10,834
53,400
64,234
(18,469)
-
(18,469)
7,734
57,714
65,448
**Current year**|
|---|---|
|Tangible assets
Current assets
Creditors due within one year|Unrestricted
Restricted
Total
Fund
Fund
2022
£
£
£
7,689
11,392
19,081
45,388
53,900
99,288
(17,691)
-
(17,691)
35,386
65,292
100,678
**Prior year**|
|---|---|
19
## **PNEUMA CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023**
## 14. OTHER DISCLOSURES
The charity does not have any commitments not provided for in the accounts.
The charity has not given any guarantees.
The charity has not received any loans secured on any of its assets.
At the year end the charity did not have any contingent liabilities.
## 15. RISK ASSESSMENT
The trustees are aware of the need to properly manage and mitigate the risks faced by the company. Details of how the charity has achieved this are provided in the Trustees' Report. The trustees confirm that they have paid due regard to the Charity Commission guidance on risk assessment when adopting and implementing policies for the charity
## 16. PUBLIC BENEFIT
The charity acknowledges its requirements to demonstrate clearly that it must have charitable purposes or "aims" that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees' Report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
## 17. DECLARATIONS
Sufficient resources are held in appropriate form to enable each fund to be applied in accordance with any restrictions imposed.
The trustees have not changed the year end date nor length of the charity's financial year.
The charity did not make any material ex-gratia payments during the year.
The trustees confirm that there is no relevant information of which the Independent Examiner is unaware.
20