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2023-09-30-accounts

Bolton First Church of the Nazarene Charitable Incorporated Organisation

Registered Charity Number 1157983

Report of the Charity Trustees For the Year Ended 30 September 2023

1

Bolton First Church of The Nazarene Report of the Charity Trustees for the year ended 30 September 2023

The Charity Trustees present the report and financial statements for the year ended 30 September 2023

Reference and Administrative Information

Charity name Bolton First Church of The Nazarene Charity Registration Number 1157983 Principal Address Southend Street Bolton BL3 3PU

Charity Trustees

Revd Susan Aveyard (Chairperson) (ex officio) Mrs Amanda Barnes (resigned 19[th] March 2023) Mrs Catherine Joyce Barnes (reappointed 19[th] March 2023) Mr Jonathan David Barnes (reappointed 19[th] March 2023) Mr Peter Francis Barnes (reappointed 19[th] March 2023) Mr Stephen Hulme (reappointed 19[th] March 2023) Miss Carys Hannah Barnes (reappointed 19[th] March 2023) Mr Jonathon Schofield (reappointed 19[th] March 2023) Dr Michael Veal (resigned 19[th] March 2023) Rev Erica Tuxworth (appointed 19[th] March 2023 The Chairperson is ex officio by virtue of her office as Pastor of the Bolton First Church of the Nazarene

Custodian Holding Trustee

All interests in Real Property are held on Model Trusts in the sole name of the Incorporated Trust Corporation Church of the Nazarene British Isles South District (A Charitable Company Limited by Guarantee. Company No: 7028764).

Website www.nazarene.boltonlancs.uk

Bankers

Barclays Bank plc. Bolton Branch Victoria Square Bolton

Independent Examiner

Atherton Tax Shop 140 Market Street Atherton M46 0DX

2

Bolton First Church of The Nazarene Report of the Charity Trustees for the year ended 30 September 2023

Structure, Governance and Management

Structure and Organisation

The Charitable Incorporated Organisation was entered on the Register of Charities on 24 July 2014.

Charity Trustee Appointments

The Pastor of the church is ex-officio the chairperson of the Charity Trustees and her position is reviewed after two years and then every four years after that.

The remaining Trustees are appointed annually by the members of the Bolton First Church of The Nazarene at the annual general meeting held in February each year.

Governance and Wider Network

The Charity Trustees meet regularly, normally on a monthly basis to consider the work and management of the church and assess and plan the financial and other aspects of the work and direction of the charity.

The church is a member of the Church of The Nazarene British Isles South District (a Charitable Company Limited by Guarantee) who in turn is a member of The Global Church of The Nazarene which has its headquarters in Lenexa, Kansas, USA.

The charity is governed by an Approved Governing Constitution based as far as UK law permits on the Manual of the Global Church of the Nazarene which is subject to amendment on a quadrennial basis at the General Assembly of the Global Church of the Nazarene. The governing document was drawn up by Anthony Collins, Solicitors and approved by the Charity Commission, HMR&C and the District Advisory Board of the Church of the Nazarene British Isles South District.

Risk Management

The risk management strategy of the church is in a continual process of formulation in response to the changing circumstances that could impact upon the work of the church.

The Charity Trustees, in considering this important task, take direction from on-going discussions with members both internally and through meetings with the Church of The Nazarene British Isles South District and other advisers, adopting appropriate policies as required or as they become necessary to the ongoing work of the church.

Objectives and Activities

Charitable Objectives

The charity has the following objectives:

The advancement of the Christian faith as part of the Global Church of the Nazarene and the Church of the Nazarene British Isles South District principally but not exclusively in Northern England.

Activities

The activities of the charity benefit the advancement of education, relief of poverty and other charitable purposes in the area around Bolton and other parts of the UK and by support of the Global Church missionary activities.

3

Bolton First Church of the Nazarene Report of the Charity Trustees for the year ended 30 September 2023

Objectives and Activities (continued)

Public Benefit

The Trustees have had due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the charity should undertake. This report illustrates the activities undertaken to support the public benefit requirement.

Review of the Year

The aims for the year included:

Achievements during the period include:

4

Bolton First Church of the Nazarene Report of the Charity Trustees for the year ended 30 September 2023

Objectives and Activities (continued)

Volunteers

The work planned, activities undertaken and achievements attained would not have been possible without the active involvement and hard work of all of the members and friends of the charity without whom the substantial work of the charity could not be realised. The Charity Trustees are grateful for the work and support of all the members and friends of Bolton First Church of The Nazarene.

.

Financial Review

Reserves

The charity does not have a policy on reserves as the expenditure and work of the charity is reliant upon the ongoing support, tithes and offerings of the members and friends received at the weekly meetings. The Charity Trustees review on a monthly basis the anticipated income and expenditure for the next two to three months in order to ensure the ongoing work of the charity.

Financial Review of the Year

The charity has continued throughout the year to meet and tailor the expenditure it incurs to the income received through rent for use of the building and through the offerings and donations received. There is much more that the Charity Trustees would like to do and we continue to explore these and the use of possible grants that may be available to enable these plans to become a reality.

Declaration

The Trustees declare that they have approved the Charity Trustees report above.

Signed on behalf of the charity’s trustees on 16[th] July 2024

Susan Aveyard

…………………………… Revd Susan Aveyard (Chairperson)

5

Bolton first Church of the Nazarene Independent Examiner’s Report to the Trustees for the period 1 October 2022 to 30 September 2023

I report on the accounts for the year ended 20 September 2023 which are set out on the following pages.

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 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

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 matter has come to my attention

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with Section 130 of the Charities Act and

  3. • to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met, or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

David Edgar

………………………………………………………………….

Independent Examiner

Relevant professional qualification(s) or body (if any) FFA FIPA

Address: 140 Market Street, Atherton, Manchester, M46 0DX

Date:

Amalgamated accounts for all departments of Bolton first Church of the Nazarene 1[st] October 2022 to 30[th] September 2023

Summary of balances and income/expenditure for all departments

Dept 30/09/2022 income expenditure 30/09/2023 increase
Church GF £30,429.89 £38,724.59 £73,688.22 -£4,533.74 -34,963.63
Ch transient £3,527.36 £4,909.78 £2,741.90 £5,695.24 2,167.88
Ch Evangelism £975.32 £0.00 £0.00 £975.32 0.00
Church Organ Fund £761.35 £0.00 £0.00 £761.35 0.00
Church Property Fund £51,778.45 £0.00 £0.00 £51,778.45 0.00
NYI £395.61 £0.00 £66.57 £329.04 -66.57
Subtotal £87,867.98 £43,634.37 £76,496.69 £55,005.66 -32,862.32
NMI 0.00 £0.00 £0.00 £0.00 0.00
Café 174.22 £828.03 £819.66 £182.59 8.37
Sunday Kitchen 662.82 £239.68 £804.45 £98.23 -564.59
Kindertots NEW 55.00 £240.63 £241.27 £54.36 -0.64
--------------- --------------- --------------- ---------------
total £88,760.02 £44,942.71 £78,362.07 £55,340.84 -33,419.18

NB total incomes and total expenditures are exaggerated because of interdepartmental payments which have a zero sum for the organisation as a whole (contra-entries).

Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene
Receipts & Payments Account
Note 30th September 2023
Year of report ended
Previous year ended
30th September 2022
£ £ £ £
Income
Offerings 1 £26,173.29 £27,378.94
Other donations 2 £2,329.70 £44,191.12
Gift Aid Tax Received 3 £6,699.91 £0.00
Rents Received 4 £3,320.00 £11,640.00
Activities Income 5 £361.18 £128.00
Other “sales” 6 £1,156.50 £587.79
Bank Interest 7 £64.11 £3.10
Total "real" incomes 40,104.69 83,928.95
Contra-entries
Interdepartmental transfers
8 £4,202.64 £113.81
Monies received as agent 9 £575.38 £4,200.65
Money received on deposit 10 b £4,778.02 0 £4,314.46
Grand Total to tally
with summary table
above
£44,882.71 £88,243.41
Expenditure note 22-23 21-22
Pastor's Stipend
including housing
allowance
and pension contribution
£21,514.94 23842.92
Summer Sch / Seminar /
Pastoral Retreat
£175.00 £120.00
Book Allowance £43.12 £62.39
Pastor’s expenses £454.29 £550.28
Pastor’s exceptional
expenses
£2,046.00 £186.00
Pulpit expenses (other
speakers including
sermons)
£190.00 £135.00
Other wages and salaries £3,834.64 £1,421.16
District & NMI Budgets
3911 + 984 + 500
£5,395.00 £5,815.00
Compassionate Ministries £40.00
Gas £4,288.57 £5,214.10
Electricity £1,420.92 £3,269.41
Water £1,108.76 £1,575.52
Telephone £229.08 £430.24
exceptional expenditure
re Kindergarten closure
£23,991.98
"ZOOM" £57.56 £172.68
Church Insurance £3,978.68 £3,697.59
Ground Rent £17.32 £17.32
security alarm service £779.27 £450.96
Heating boiler service £1,097.50
Repairs and replacements 11 £364.38 £1,084.76
Photocopying £986.63 £960.00
Website (donated) £0.00
safeguarding £46.16
CCLI Licence £770.28 £593.17
Gifts and Affiliation fees 12 £151.50 £100.00
literature £24.98
building work
District Assembly expens £81.00 £90.00
General Fund sundry
items
13 £385.52 £524.44
Minibus costs 14 821.92 1,923.45
Activities Expenditure 15 £1,299.90 £704.61
Catering £388.25 £122.91
Fellowship Weekend £0.00
Organ renovation £0.00
Total “real”
expenditure
£74,885.65 £54,161.41
Contra-entries
Interdepartmental
transfers
16 2,591.04 113.81
“Agency” payments 17 £825.38 £3,416.42 £3,873.00 3986.81
Double Booking 18 0.00 0
Double Booking error
60 £58,148.22
~~Grand Total to tally with~~
summary table above
£78,362.07
differs by £60 as explained above

Note: Pastor's "exceptional expenses" paid to HR company for legal assistance with Kindergarten redundancies.

Excess Income over Expenditure for the Year 2022-2023 2021-2022
(actual income and expenditure without agency money)
-£33,419.18 £8,463.61
Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene
Assets and Liabilities as at 30 September 2023
2023 2022
Notes £ £ £
Funds
General Fund cheque
account
£6,884.41 £37,817.37
General Fund Business
account
£8,114.72 £10,050.61
General Fund cash £6.53 £0.00
Organ Account £0.00 £0.00
Property Fund (nominal) 19 £40,000.00 £40,000.00
Sunday School Ministries £1,611.60
NMI Bank account / cash £0.00 £0.33
Cafe cash £182.59 £174.22
Sunday Kitchen cash 98.23 662.82
Kindertots 54.36
Total Funds Held £55,340.84 £90,316.95
Check against above summary table
~~Using current valuation of~~
invested property fund
(replace £40,000 by
£58907 (2020-21))
£53554 (9/2022)
Total Funds £71,147.84 £103,870.94
Freehold Property £0.00 All assets transferred to District.
See note below
Total Assets £71,147.84 £103,870.94
Current Liabilities
Loans £0.00 £0.00
Net Assets £71,147.84 £103,870.94
Represented By:
Funds
Unrestricted Funds £3,562.39
£67,585.45
£8,443.31
PropertyFund £70,685.45

All interests in Real property are held in the sole name of the Church of the Nazarene British Isles South District as Holding Trustee on the Model Trusts.

Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene Bolton first Church of The Nazarene
Notes to Accounts for the Period Ended 30 September 2023
2022-23 2021-22
Note 1
Collections
GF collections 6,558.29 5,639.08
ditto via Gift Aid 19,255.00 21,285.00
Christmas Morning 50.32
Ditto via Gift Aid
Island Offerings / SSM 180.00 224.54
NMI offerings via Gift Aid 180.00 180.00
26,173.29 27,378.94
Note 2
Other donations
Warm Space Grants
Miscel donations to church
ring-fenced donation - roof
1,880.00
5,660.00
10,000.00
funeral 100.00
coffee morningre lounge 139.70
funeral to organ fund
donation to organ fund 60.00
minibus donations 60.00 72.01
dedication 50.00
for collegeprize 100.00
bequest £2,329.70 28,399.11 £44,191.12
Note 3
Gift Aid Tax Rebate- £6,699.91 £0.00
£6,699.91
Note 4
Summary of Rental
income
Rent - Kindergarten £3,000.00 £11,600.00
Rent - other £320.00 £3,320.00 £40.00 £11,640.00
Note 5
Activities Income
Allsorts subs £30.05 £128.00 £128.00
SSM trip
Kindertots
£90.50
£240.63
£361.18
Note 6
“Sales”
photocopyingKindergarten 48.79 165.45
photocopyingBTU
photocopyingother
SundayKitchen 239.68 422.34
Chats and Crafts – craft stall £587.79
Café / Warm Space
donations
café "adjustment"
kindergarten equipment
394.64 £1,156.50
3.39
470.00
Note 7
Bank Interest
Church bank interest 64.11 3.10
£64.11
0.00
prime time bank interest £64.11 £3.10
Note 8
transfers / contra entries
(income)
Heat and Light SSM £55.00 £55.00
Heat snd light NYI £25.00 £25.00
Heat and Light Cafe £1,300.00
Heat & Light others £110.00
Photocopyingothers £8.04 £25.01
SSM cash transferred to
TransientFund
1,611.60
general fund to bus
SS to WEF 8.80
from transient to café 430.00
SundayKitchen to Church 663.00
£4,202.64 £113.81
Note 9
Monies received as agent
Min-y-Don £3,188.90
GF to Min-y-Don
Sponsored Child £240.00 £240.00
Alabaster £82.45
Syria Turkeyearthquake £165.00
Ukraine £424.25
Lebanon £295.00
Albania W&W £52.50
funeral £45.00
funeral £42.93
£575.38 £4,200.65

ktots

Note 10
Money held on deposit
Prime Time / WF
Weekend away
Chats and Crafts
in memoriam
£2,605.91 £2,605.91
£317.65 £567.65
£243.80 £243.80
£110.00 £110.00 £3,527.36
coffee morning £139.70
Warm Space £150.00
SundaySchool Mins £1,658.18
Kindergarten £470.00 £5,695.24
Note 11
Repairs and replacements
locks and keys 18.00
fire extinguishers 346.38
video/audio system
organ tuning £110.00
dishwaher repair £974.76
New electrical
TV A frame £364.38 £1,084.76
Note 12
Gifts and Affiliation fees
College Award £100.00 £100.00
retirement £20.00
kindergarten staff £31.50 £151.50 £100.00
Note 13 G F sundry items
flowers and related items 43.75 245.47
catering
Office expendables
District Assembly expenses
Miscel 53.17
Music
~~Salary payment software~~
(Sage)
104.40 100.80
Kitchen expendables 11.99
Office expendables 81.58
Fathers' Day 13.80
Independent examiner 130.00 £385.52 125.00 £524.44
Note 14 minibus costs
insurance £808.44
Fuel £30.00 £72.01
Repairs and Servicing / MOT £626.92 £878.00
Tax £165.00 £165.00
Breakdown Cover £821.92 £1,923.45
Note 15
Activities Expenditure
NYI Tuck Shop £23.90
NYI welcome back £16.70
SSM (Island/Allsorts) Party £55.95
SSM (Island) prizes £34.92 £142.93
SSM not specified £82.36
SSM trip
£132.00
~~Operating costs for Sunday~~
Kitchen
£141.45 £423.37 £704.61
Warm Space
Kindertots
£819.66
£131.27
£1,299.90

Note 16

Contra-entries: Interdepartmental transfers as expenditure

Note 16
Contra-entries: Interdepartmental transfers as expenditure
Transient to café (warm
space)costs
430.00
Transient to café (warm
space)H&L
1,300.00
Church to NYI
GF to bus fund for NYI fuel
NYIphotocopying £0.97 £1.45
NYI heat and light £25.00 £25.00
SSM/Islandphotocopying £62.07 £23.56
SSM to WEF £8.80
SSM Heat and Light £55.00
cafe heat and light
Kindertots H&L £110.00
SundayKitchen to church £663.00
£2,591.04 £113.81

SSM photocopying does not have opposite income entry in Note 8. It should be £7.07 but SSM Heat and Light £55 has been wrongly booked as photocopying. So zero H&L here also does not correspond with £55 in note 8.

Note 17
“Agency” payments
Sponsored Child 240.00 480.00
Church weekend away 250.00 2,621.25
Alabaster 82.45
LeprosyMission
lebanon 295.00
Ukraine 424.25
Albania W&W 52.50
funeralpaid over 45.00
funeralpaid over 42.93
Syria Turkeyearthquake 165.00
825.38 3,873.00
Note 18
Double Booking
LeprosyMission
Heat and Light
NMI transfer
Note 19
Encashment value as stated byinvestment company
31/12/2014 £41,280.00
30/10/2015 £41,650.00
31/12/2015 £41,520.00
01/09/2016 £46,364.00
15/09/2017 £49,911.00
28/09/2018 £52,633.00
30/09/2019 £53,963.00
30/09/2020 £51,557.85
30/09/2021 £58,907.00
30/09/2022 £53,554.00
30/09/2023 £55,807.00

The Nazarene Kindergarten School was an outreach of the Bolton First Church of the Nazarene and was wholly owned by them. The Management Board of the Kindergarten is the Board of Charity Trustees of the church.

The Nazarene Kindergarten School closed down on the 31[st] December 2022 and no longer exists.

The accounts of the Kindergarten were kept completely separate from those of the church and are shown at the end of the financial report.

Bolton Nazarene Kindergarten

Balance Sheet detailed

30/09/2023
30/09/2022
As at
As at
Current assets
1,838.68
CA001: Barclays Community Account
30,427.48
222.21
CA002: Barclays Business Saver Account
222.09
597.87
CA008: Petty Cash
597.87
2,658.76
Total Current assets
31,247.44
2,658.76
Net Asset surplus (deficit)
31,247.44
Reserves
(28,588.68)
Excess / (deficit) to date
(18,161.06)
31,247.44
Z01: Starting balances
49,408.50
2,658.76
Total Reserves
31,247.44
1,328.01
Unrestricted
29,916.69

Designated

1,330.75
Restricted
1,330.75

Endowment

Represented by Funds
2,658.76
31,247.44
Total

09 January 2023

Page 1

Bolton Nazarene Kindergarten

Monthly Income / Expenditure totals - Details As at: 30 September 2023

Nominal code
Oct_22
Nov_22
Dec_22
Jan_23
Feb_23
Mar_23
Apr_23
May_23
Jun_23
Nominal code
Oct_22
Nov_22
Dec_22
Jan_23
Feb_23
Mar_23
Apr_23
May_23
Jun_23
Jul_23
Aug_23
Sep_23
Code total
Income
IN001 (Fees)
1,465.60
1,832.72
1,346.00






IN003 (Local Authority Fees)
3,960.23
4,130.33
3,878.32






IN004 (Investment Income)


0.12






IN006 (Fund Raising Proceeds)

85.00
230.60






IN015 (Misc: Adjustments)

115.00
21,035.00






5,425.83
6,163.05
26,490.04






Income totals
Expenditure
AD001 (Administration expense)
20.40
20.40
22.45






RCM002 (Utility services)
1,092.74
1,093.04
1,092.74






RCM003 (Cleaning)
66.73
76.49







SC001 (Wages and salaries)
7,986.45
8,369.66
44,515.27






SC002 (Staff expense payments)


280.00






SC003 (Pension Scheme)
556.33
580.35
546.24






TC001 (Teaching and Care Staff)
13.00








TC004 (Food)
32.64
49.85
27.22






TC008 (Training)
75.00
150.00







TC010 (Nursery Resources)


0.60






9,843.29
10,339.79
46,484.52






Expenditure totals



4,644.32



11,968.88



0.12



315.60



21,150.00



38,078.92



63.25



3,278.52



143.22



60,871.38



280.00



1,682.92



13.00



109.71



225.00



0.60



66,667.60
Balance (income - expenditure)
(28,588.68)
9,843.29
10,339.79
46,484.52






Expenditure totals

09 January 2023 Page 1