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← Church In The Peak

2023-12-31-accounts

Church in the Peak

Report and Accounts Year ended 31 December 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

CHURCH IN THE PEAK

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees

Chris Cookman Ian Cowin Karen Errett Neal Garratt Phil Hardy Paul Hay Ruth Longfellow (resigned 1 October 2023) Peter Williams

Governing Document

CIO Foundation registered 29 April 2014

Charity Registration Number

1156840

Registered Office

Independent Examiner

Bankers

The Lime Tree Lime Tree Business Park Lime Tree Rd Matlock, DE4 3EJ Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB Lloyds Bank 2-6 Market Street Wigan WN1 1JN

Contents Page
Charity Information 1
Trustees' Annual Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-19
Detailed Statement of Financial Activities with Comparatives 20

Page 1

Registered Charity No. 1156840

Church in the Peak

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST DECEMBER 2023

The Trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The Trust seeks to demonstrate the Christian faith in action through its Sunday gatherings, mid week activities, community focussed work such as Jigsaw and Totzone, and equipping the church family to live out the Christian faith. Through these activities the trust seeks to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused whether locally or in another country. The trust also aims to promote and fulfil other such charitable purposes beneficial to the community.

Government

The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the CIO.

The trustees during the year were Peter Williams (Chairman, Trustee & Elder), Chris Cookman (Trustee & Treasurer), Ian Cowin (Trustee, appointed 9[th] October 2022), Karen Errett (Trustee), Neal Garratt (Trustee & Elder), Phil Hardy (Trustee & Elder), Paul Hay (Trustee) and Ruth Longfellow (Trustee, resigned 1[st] October 2023).

Formal trustees’ meetings were held on 22[nd] January (online), 18[th] June (online), 1[st] October 2023 (in person) and 3[rd] December 2023 (online).

Dave Watmore attended the meetings in his capacity as Elder. Charlotte Allen attended the meetings as Secretary.

Bankers: Lloyds Bank and Mansfield Building Society. Insurers: Ansvar.

The Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. The Church in the Peak; its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is rediscovering the excitement of knowing Jesus Christ. The vision is to see the people of the Peak District come into this experience of knowing Jesus as their Lord, Saviour and friend.

In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission. During the year there has been a demonstration of the Christian faith in action by serving the community in which it operates in the following ways:

Page 2

Resourcing : Neal Garratt (elder/trustee), Phillip Hardy (elder/trustee), Peter Williams (elder/trustee) and Dave Watmore (elder) lead the church as a team. Steve Bagnall continued working full-time as the Building Facilitator/Operations Manager (responsible for arranging and managing bookings of The Lime Tree etc.) Emily Currell finished her maternity leave in February 2023 and stopped working for the church at this time. Zed Parfitt continues in his role as Caretaker. Paul Blecker continues working for the church part-time, covering various aspects of the day-to-day Finance and IT work. Kirstie Bateman continues to work part-time as the Debt Centre Manager. Emma Wright finished working as the part-time CMA Admin Worker during March 2023. Melanie Weston started working as the part-time CMA Admin Worker in June 2023. Sarah Earlam continued working as a part-time Social Action Support Worker. She works closely with those involved with all aspects of the Jigsaw Project. Shirley Haymes continues working as a part-time cleaner. Charlotte Strange continues providing parttime administrative support to the Elders. Sally Hardy started working part-time on a temporary six-month contract in September 2023. Sally’s role focuses on streamlining our Google account and other systems enhancements.

Premises : Sunday meetings were held at The Lime Tree, Matlock, which was refurbished between November 2017 and May 2018. The building provides Sunday capacity for up to 200 people and car parking, as well as facilitating all of the mid-week activities currently operating. Many of the rooms in the building are hired on a regular basis by local groups. In May 2022, we took on a lease on Unit 10 of the Lime Tree Business Park, so that this could become the home of the CMA Debt Advice service. We are now renting four units on the Lime Tree Business Park – the main Lime Tree building and Units 10, 11 and 13. The three smaller units primarily house our various Jigsaw services. Community needs continued to be met via the provision of services. In particular, this includes the continued operation and expansion of the Jigsaw Project (for more details, see the “Activities” section below).

Attendance : During 2023 the church met in person on Sunday mornings as well as for its regular mid-week activities. Midweek community groups met in the strategic towns of Bakewell, Belper, Brackenfield, Darley Dale, Matlock and Rowsley.

Activities : Church in the Peak is a welcoming outward-looking all-age church particularly attractive to families, and special activities take place each week for babies and toddlers (Totzone on a Tuesday, and Treasure Tots on a Sunday), primary school aged children (KidZone) and two youth groups (Xplor and Emerge). Prior to her maternity leave, Emily Currell, was employed as a youth worker for two days a week to serve the youth in the church, and develop wider links into the community, and local churches. Her work included setting up and running a weekly Youth Club Drop In for secondary school aged children on Tuesday afternoons. During Emily’s maternity leave, the Youth Club was run by others in the church family. Church in the Peak has a child protection policy and relevant workers are trained in child protection and have a satisfactory disclosure from the Disclosure & Barring Service.

During the year, the church continued to run the Jigsaw Project. Jigsaw is a project which provides support, befriending and signposting advice to the poor, afflicted and those in need in Matlock and Derbyshire Dales. The Jigsaw Project operates a food bank, emergency crisis food parcels, clothes bank and debt advice.

During the Coronavirus restrictions, referrals for the Jigsaw Project services, especially the Foodbank, almost doubled. Meeting this need would not have been possible without the numerous generous donations we received for the Jigsaw project. These donations have come from individuals (both church and non-church members) and from organisations as grants. During 2023, as the cost of living crisis deepened, those donations continued and we received

Page 3

over £77,300 in donations/grants for Jigsaw as well in addition to food contributions. We have been blessed by the generosity of people in these difficult times. Larger donations/grants have come from The Duke of Devonshire, Derbyshire Community Foundation, Platform Housing and others.

We prayerfully ensured that we used the money entrusted to us wisely and in accordance with the donor’s wishes. Almost everyone said that their donations could be used for the foodbank “as we see fit”, rather than specifying what their donations were used for. As well as the direct costs of the food, we have used the financial donations to pay for Christmas toys and laptops for new staff.

In addition to the Jigsaw Project, during the year, the church has continued to actively support a local church in Yalova (Turkey) with its refugee project, and closer to home, the work of Matlock Area Schools Trust (MAST), a non-denominational team of school teams who take assemblies and other activities in schools.

In 2023, room bookings remained at pre-lockdown levels.

Financial Review

Total income for the year was £364,815 (2022 £319,919). Expenditure was £429,457 (2022 £351,465) resulting in a deficit for the year of £64,642 (2022: deficit £31,546).

At the end of the year total reserves were £340,475 (2022 £405,118) of which £30,005 (2022 £55,515) was restricted. General funds were £68,826 (2022 £82,357), of which £66,736 is unrestricted cash.

The church's policy on reserves is to keep 3 months worth of normal running cost on hand which equates to around £60,000. During 2023, with God’s blessing, we have achieved this.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Trustees' Responsibilities under charity law

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures and explained in the financial statements; and

Page 4

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Chris Cookman

……………………………………………………….. Chris Cookman (Oct 10, 2024 08:17 GMT+1) Chris Cookman

Oct 10, 2024

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CHURCH IN THE PEAK ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2023 on pages 7 to 20 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 11.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I draw attention to Note 18(c) to the accounts where it is noted that the spouse of a trustee was employed when this was not permitted by the governing document. I have reported this to the Charity Commission and the charity have applied for retrospective permission.

Other than the matter referred to in the above paragraph, 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 financial statements to be reached.

Sarah Crispin (Oct 10, 2024 14:51 GMT+1)Sarah Crispin

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Oct 10, 2024

Page 6

CHURCH IN THE PEAK

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
154,950
7,658
35,985
1,578
200,171
243,909
243,909
(43,738)
4,606
(39,132)
349,602
310,470		 Restricted
Funds
£
164,570
74
-
-
164,644
185,548
185,548
(20,904)
(4,606)
(25,510)
55,515
30,005		 Total
Funds
2023
£
319,520
7,732
35,985
1,578
364,815
429,457
429,457
(64,642)
-
(64,642)
405,117
340,475		 Total
Funds
2022
£
284,960
5,656
29,304
-
319,919
351,465
351,465
(31,546)
-
(31,546)
436,663
405,117

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 9 to 19 form part of these accounts.

Page 7

CHURCH IN THE PEAK

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stock
11
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
250,864
250,864
-
7,269
66,736
74,005
(14,398)
59,607
310,470
68,825
241,645
310,470
-
310,470		 Restricted
Funds
£
-
-
11,066
-
18,939
30,005
-
30,005
30,005
-
-
-
30,005
30,005		 Total
Funds
2023
£
250,864
250,864
11,066
7,269
85,675
104,010
(14,398)
89,611
340,475
68,825
241,645
310,470
30,005
340,475		 Total
Funds
2022
£
286,310
286,310
9,758
12,582
99,767
122,107
(3,300)
118,807
405,117
82,357
267,245
349,602
55,515
405,117

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Chris Cookman

Chris Cookman (Oct 10, 2024 08:17 GMT+1)

CHRIS COOKMAN

Oct 10, 2024 Date: _______

Charity number: 1156840

The notes on page 9 to 19 form part of these accounts.

Page 8

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Page 9

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Accounting Policies (continued)

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from the hire of the church building to other charities and community groups.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from the hire of the building on a commercial basis.

Investment income represents income generated by the charity's assets and includes bank interest.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

f) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use)
Freehold buildings Over 50 years after taking account of the building's residual value
Leasehold improvements Over the lease term or, if shorter, expected useful life
Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

Page 10

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Accounting Policies (continued)

h) Leased assets

Leases for assets that transfer to the charity substantially all the risks and rewards of ownership are classified as finance leases. Assets under finance leases are recognised as assets of the charity at the inception of the lease at their fair value or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between a finance expense and a reduction of the lease obligation so as to achieve a constant rate of interest on the liability.

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

i) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

j) Taxation

k) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

l) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

m) Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations of cash and similar
Donations in kind (note 3a)
Other grants receivable
Income tax recoverable
a
Donations in kind comprise:
Goods donated for:
Distribution to beneficiaries		 2023
£
190,831
82,958
16,050
29,682
319,520
2023
£
82,958
82,958		 2022
£
182,569
49,370
21,055
31,966
284,960
2022
£
49,370
49,370

Page 11

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

4
Income from charitable activities
Building hire
Van hire
5
Income from other trading activities
Building hire
6
Investment income
Bank interest
7
Charitable expenditure
a
Costs incurred directly on specific activities
Employment costs
Property costs
Children & Youth
Communications
Mission
Outreach activities
Social Action
Sunday meetings
Motor and travel
Other costs
Donations in kind expensed
Grants payable (note 8c)		 2023
£
7,658
74
7,732
2023
£
35,985
35,985
2023
£
1,578
1,578
2023
£
113,701
86,871
181
2,786
1,508
2,291
23,221
-
2,888
12,066
81,650
327,162
49,590
376,752		 2022
£
4,503
1,153
5,656
2022
£
29,304
29,304
2022
£
-
-
2022
£
105,389
72,174
679
2,757
90
1,578
30,584
450
2,968
8,643
47,164
272,476
27,791
300,267

Page 12

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

7 Charitable expenditure (continued)

b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
Office costs
Finance costs
Depreciation of tangible fixed assets
Insurance
Total expenditure		 3,360
-
3,360
3,655
330
40,052
5,308
52,705
429,457		 3,078
-
3,078
4,338
306
37,847
5,629
51,198
351,465

Total expenditure

The fee payable to the independent examiner for preparing and examining the accounts was £3,360 (2022: £3,300).

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Catalyst Network of churches
Yalova Refugee Food Project
Fountain of Life, India
Belgaum church India
Grants to institutions for less than £1,000 each		 Institutions
£
21,634
11,156
32,790
Institutions
£
6,044
14,547
20,591		 Individuals
£
10,800
-
10,800
Individuals
£
7,200
-
7,200
2023
£
13,144
2,656
6,000
10,000
990
32,790		 2023
£
32,434
11,156
43,590
2022
£
13,244
14,547
27,791
2022
£
9,668
2,873
6,650
-
1,400
20,591

Page 13

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Pension costs		 2023
£
109,807
3,894
113,701		 2022
£
100,322
4,010
104,332

The average monthly number of employees during the year was 9.4 (2022: 10). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise solely of the trustees. No trustee received remueration during the current or preceding year.

9 Acting as agent

On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.

During the year the charity acted as agent for ACTS435 and, in that capacity:

10 Tangible fixed assets

Cost
At 1 January 2023
Additions
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Leasehold
Improvements
£
423,641
4,606
428,247
156,396
30,206
186,602
241,645
267,245		 Fixtures,
fittings and
equipment
£
26,901
-
26,901
14,395
6,268
20,663
6,238
12,506		 Vehicles
£
14,313
-
14,313
7,754
3,578
11,332
2,981
6,559		 Total
2023
£
464,855
4,606
469,461
178,545
40,052
218,597
250,864
286,310

Page 14

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

11 Stock

Donated goods
For distribution to beneficiaries
12
Debtors
Trade debtors
Tax recoverable
Other debtors
13
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
14
Creditors: liabilities falling due within one year
Other creditors
Accruals
Grant obligations		 2023
£
11,066
11,066
2023
£
3,766
2,953
550
7,269
2023
£
23,139
62,536
85,675
2023
£
5,038
3,360
6,000
14,398		 2022
£
9,758
9,758
2022
£
6,137
5,851
594
12,582
2022
£
38,809
60,958
99,767
2022
£
-
3,300
-
3,300

15 Pension commitments

During the year employer’s pension contributions totalling £3,894 (2022: £4,010) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2022: £nil).

Page 15

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

16 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Lime Tree Building Project
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Yalova Project
Jigsaw project
Jigsaw project - clothes
Prides Bethel
Catalyst
Foodbank donated goods
Emergency relief appeal
Aggregate of funds		 Opening
balance
2023
£
267,245
267,245
82,358
349,602
-
41,592
208
2,383
1,574
9,758
-
55,515
405,117		 Incoming
resources
2023
£
-
-
200,171
200,171
2,666
73,749
1,872
-
-
82,958
3,400
164,644
364,815		 Outgoing
resources
2023
£
(30,206)
(30,206)
(213,703)
(243,909)
(2,656)
(97,283)
(559)
-
-
(81,650)
(3,400)
(185,548)
(429,457)		 Transfers
in the year
2023
£
4,606
4,606
-
4,606
-
(4,606)
-
-
-
-
-
(4,606)
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
241,645
241,645
68,825
310,470
10
13,451
1,521
2,383
1,574
11,066
-
30,005
340,475

The transfers referred to above were made for the following reasons:

a) Transfer from the Jigsaw fund to the Lime Tree designated fund represents the capitalisation of leasehold improvements during the year.

Page 16

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

16 Funds (continued)

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Unrestricted Funds

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
funds
£
9,219
-
7,269
66,736
(14,398)
68,825		 Designated
funds
£
241,645
-
-
-
-
241,645		 Restricted
funds
£
-
11,066
-
18,939
-
30,005		 2023
£
250,864
11,066
7,269
85,675
(14,398)
340,475

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Lime Tree Building Project
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Debt management
Yalova Project
Jigsaw project
Jigsaw project - clothes
Prides Bethel
Catalyst
Ukraine appeal
Foodbank donated goods
Aggregate of funds		 Opening
balance
2022
£
296,939
296,939
76,163
373,102
7,587
-
44,286
180
2,383
1,574
-
7,552
63,561
436,663		 Incoming
resources
2022
£
-
-
191,108
191,108
-
2,873
71,425
120
-
-
5,024
49,370
128,812
319,920		 Outgoing
resources
2022
£
(29,694)
(29,694)
(184,833)
(214,527)
(7,668)
(2,873)
(74,119)
(92)
-
-
(5,024)
(47,164)
(136,939)
(351,466)		 Transfers
in the year
2022
£
-
-
(81)
(81)
81
-
-
-
-
-
-
-
81
-		 Gains and
losses
2022
£
-
-
-
-
-		 Closing
balance
2022
£
267,245
267,245
82,358
349,602
-
-
41,592
208
2,383
1,574
-
9,758
55,515
405,117

Page 17

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

16 Funds (continued)

The prior year figures for General Unrestricted Funds and the Foodbank Donated Goods have been restated following the identification of a miscategorisation of expenditure for the 2022 financial year. Expenditure relating to the expensing of donations in kind was under-allocated to the Foodbank Donated Goods fund (previously £37,847, now £47,164). This meant that expenditure allocated to General Unrestricted Fund was overstated by the same amount (previously £194,150). The closing balance for each fund has been restated as above and was previously £73,041 for the General Unrestricted Fund and £19,075 for the Foodbank Donated Goods fund.

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
19,065
267,245
-
-
12,582
-
54,010
-
(3,300)
-
82,357
267,245
Unrestricted Funds		 Restricted
funds
£
-
9,758
-
45,757
-
55,515		 2022
£
286,310
9,758
12,582
99,767
(3,300)
General
funds
£
19,065
-
12,582
54,010
(3,300)
82,357
405,117

Designated Funds

The Lime Tree Building Project fund represents the net book value of the leasehold improvements.

Restricted Funds

The debt management fund was created as a social enterprise fund to help people better manage personal finance. The Yalova project fund was created to support a refugee project run out of a church in Turkey.

The Jigsaw project is a social enterprise project created to help the local community. Two separate funds have been created, one for the distribution of food and the other for the distribution of clothes. A further fund is used to show donated and distributed goods associated with the project.

The Prides educational fund was created to enable specific donations to be provided to support the Pride family as they continue their spiritual training in the United States.

The Catalyst fund is our contribution to their Covid-19 Crisis Response Fund The Ukraine appeal was to support the victims of the war in Ukraine

The Emergency relief appeal was to support the victims of the earthquake in Turkey

17 Operating lease commitments

The charity has a lease on a property which runs until March 2032 at a cost of £26,250 per annum.

During the year the charity was charged £26,250 (2022: £26,042) for its operating lease.

Page 18

CHURCH IN THE PEAK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

18 Transactions with related parties

During the year the charity:

During the year the charity also made the following payments to, or for, related parties:

Except as disclosed in note 8 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 19

CHURCH IN THE PEAK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Total Expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
Designated
2023
2023
£
£
154,950
-
7,658
-
35,985
-
1,578
-
200,171
-
213,703
30,206
213,703
30,206
(13,532)
(30,206)
-
4,606
(13,532)
(25,600)
82,358
267,245
68,825
241,645
Unrestricted funds		 Restricted
2023
£
164,570
74
-
-
164,644
185,548
185,548
(20,904)
(4,606)
(25,510)
55,515
30,005		 Total
2023
£
319,520
7,732
35,985
1,578
364,815
429,457
429,457
(64,642)
-
(64,642)
405,117
340,475		 General
Designated
2022
2022
£
£
157,301
-
4,503
-
29,304
-
-
-
191,107
-
184,832
29,694
184,832
29,694
6,275
(29,694)
(81)
-
6,194
(29,694)
76,163
296,939
82,358
267,245
Unrestricted funds		 Restricted
2022
£
127,659
1,153
-
-
128,812
136,939
136,939
(8,127)
81
(8,046)
63,561
55,515		 Total
2022
£
284,960
5,656
29,304
-
319,919
351,465
351,465
(31,546)
-
(31,546)
436,663
405,117

Page 20