Registered Number: 08307569 Charity Number: 1159061
Church in the Community Group of Churches
(A company limited by guarantee)
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
Church in the Community Group of Churches (A company limited by guarantee)
Contents of the Financial Statements for the year ended 31 March 2023
| Page | |
|---|---|
| Reference and administrative details of | |
| the Company, its Trustees and advisers | 1 |
| Report of the Trustees | 2 to 7 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 20 |
Church in the Community Group of Churches
(A company limited by guarantee)
Reference and administrative details of the company, its trustees, and advisers
Trustees A Armstrong S Bloomer P Carpenter Company registered number 08307569 Charity registered number 1159061 Registered office Church in the Community Meriden Avenue Stourbridge West Midlands DY8 4QL Independent Examiner Altus Business Consulting Ltd 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Page 1
Church in the Community Group of Churches
(A company limited by guarantee)
Report of the Trustees for the year ended 31 March 2023
The Trustees present their Annual Report together with the financial statements of the Company for the year ended 31 March 2023. The Annual Report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
As set out in the Church’s Constitution and Basis of Faith, the Church activities consist of far more than worship services. A continually developing programme of ministries and activities are designed to cater for young and old, male and female and for those experienced and inexperienced in the Christian faith.
A mission statement for the church exists as follows:
We exist to glorify God by winning the lost, equipping the found, and sending the called. We achieve this by living out our three core values and demonstrating these to all people we interact with. This includes:
-
focusing to be in the community, a part of the community and a support to the community
-
having fellowship together and sharing with joy and generosity
-
making disciples who multiply disciples through care and nourishment of our church families
-
centring our lives on the complete work of God and worshipping in unity
Public Benefit
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the Charity.
The Charity Commission in its "Charities and Public Benefit" Guidance states that there are two key principles to be met in order to show that an organisation's aims are for the public benefit: firstly, there must be an identifiable benefit and secondly, that benefit must be to the public or a section of the public. The Trustees are satisfied that the aims and objectives of the charity, and the activities reported on below to achieve those aims, meet these principles.
The public benefit that the Church provides is a programme of activities and ministries for people in the Christian faith.
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, including the guidance 'Public benefit: running a charity (PB2)'.
Page 2
Church in the Community Group of Churches
(A company limited by guarantee)
Report of the Trustees for the year ended 31 March 2023 (continued)
Objective and activities (continued)
b. Activities undertaken to achieve objectives
The main activities in relation to these objectives include:
-
Worship Gatherings
-
Life Groups
-
Prayer Meetings
-
The Hub [Coffee Shop]
-
Forge Youth (11-17)
-
Ignite Youth (11-17)
-
Little Lights (0-3)
These activities are open to everyone in the community and are not limited to church attendees. Most are free of charge or have a small cost associated with them to cover costs or to be able to provide additional products in the future.
Our church consists of people who worship and serve God, and by doing so, serve the community too. The church performs these activities on an entirely voluntary basis and without this commitment from the volunteers, the church would not be able to provide these services to the community.
The Pastor of the church is paid a donation for his services each month. He is responsible for the spiritual oversight and well-being of the congregation, jointly with the other members of the leadership team.
Church in the Community (CitC) also has an interest in Christian missionary work abroad, as well as at home, and supports missionaries financially, prayerfully and practically. The amount of financial support for all missionaries is agreed by the local leadership teams.
From time to time our church will make donations to individuals and organisations who are in need. Once again, all financial donations are agreed by the local leadership teams.
Achievements and performance
a. Review of activities
Worship Gatherings
During the year the Wollaston community met weekly for worship gatherings and saw a steady increase in the number of local community attending. On the whole the number of attendees remained small but consistent. Similarly to previous years, a number of ‘special’ services were held which included both a Carol service and Easter services. More of the local community came together to celebrate during these times. In addition to this, CitC Wollaston also joined with a number of churches nationally for Safeguarding Sunday. This was a specific occasion where the church came together to hear about Safeguarding in CitC whilst also celebrating the good work of the volunteers, leadership and trustees which is often being done behind the scenes to help protect those in need.
The Lakeside worship gatherings saw a decrease in attendees and the remaining community members felt God leading them to gather in other ways to seek and listen to His calling.
Life Groups
These are usually held once a week and are hosted by various people from each group. The two groups meet during the year at either individual homes or the church building. All groups enjoy a time of fellowship with one another through support, prayer, encouragement, Bible study and friendship. This has been a great way to continue to grow the relationship with the community who attend the worship gatherings at Wollaston.
Page 3
(A company limited by guarantee)
Church in the Community Group of Churches
Report of the Trustees for the year ended 31 March 2023 (continued)
Achievements and performance (continued)
Prayer Meetings
Following the cessation of the Lakeside weekly gatherings, the community continued to meet weekly for a time of prayer. This allowed the individuals a space to join together and lift up the local neighbourhood to God, while also worshiping collectively in fellowship with one another.
The Wollaston community continued to meet for prayer at the start of each weekly gathering. Additionally, during the year prayer meetings were held on a Monday evening. These meetings focused on a range of areas including specific prayer requests, ministry activities and future plans.
Both communities found these times together to be a fruitful way to hear how God is continuing to work within the lives around us.
The Hub
Since this ministry activity launched in July 2021, the church has been blessed by being able to provide a welcoming and warm space for the community. During the year the Hub offered a variety of warm and cold drinks with volunteers having been trained on ‘the drink making’ process. Towards the latter end of the year, we were also able to offer some of the young people in the community the opportunity to volunteer at the coffee shop.
The purpose of the Hub is to offer a space for the community to hang out with each other, meet up with friends and complete work all while enjoying a free drink. This was successful throughout the year and the church saw a range of the community, from young to old, utilising the space. We were also awarded a cost-ofliving grant by the Asda Foundation and this enabled us to offer a warm space with increased opening hours during November 2022 through to February 2023. This was a tremendous help to the community, and we saw a number of ‘new faces’ throughout this time.
Youth and Children’s Work
Forge Youth continued to meet every Friday night during term time, at the Lakeside location. The group consisted of around ten to eighteen secondary school aged children who came together to play games, develop life skills and hear about God. The group saw a few new children attend during the year and these were individuals who were part of the local community.
At the Wollaston location, the leadership team felt God calling them to begin a specific youth ministry. In August 2022 Ignite Youth was opened for secondary school aged children within the area. This group followed a similar structure to Forge Youth, whereby the evening consisted of food, games and a short time learning from the Word of God. The group continued to meet throughout school holidays allowing the young people a place to hang out. To help get the group started, a grant was awarded to the charity by Greater Europe Mission. This helped to provide the food and resources for both the Bible study and the games.
These two youth groups reached their local communities in different ways and helped to address a number of difficulties faced by the young people. Without the support of the volunteers each week, we would not have been able to offer these spaces for the young people to come together and feel supported in each of their journeys of life. We would like to take this opportunity to thank each of the volunteers who made this happen each week.
The children’s work continues as the Little Lights Toddler group at Wollaston. The number of parents and toddlers in attendance each week remained constant and consistent with the previous year. It is a space where the parents are able to spend time together while their children develop skills through playing with the toys. The volunteers leading the group continued to build relationships with the parents and toddlers. During the year, some of the families experienced hardship and the volunteers in agreement with the church leadership team were able to provide a small financial gift while also supporting the families both spiritually and mentally.
Page 4
Church in the Community Group of Churches
(A company limited by guarantee)
Report of the Trustees for the year ended 31 March 2023 (continued)
Financial review
a. Going concern
The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the going concern basis can be found in the accounting policies.
b. Reserves policy
The Trustees are aware of the Charity Reserves: building resilience (CC19) Charity Commission Guidance and are considering developing a reserves policy.
At 31 March 2023, general reserves amounted to £20,223 (2022: £20,542). Of these designated funds amount to £1,457 (2022: £337) and restricted funds amounted to £1,252 (2022: nil).
c. Principal funding
Voluntary donations, from church members and supporters, provides the main source of funding for the Charity. However, whilst it is Biblically based to make donations for the furtherance of the Gospel, there is no obligation placed on individuals to give anything at all. No pressure is applied to make anyone feel that they must give. There is a box at the back of the church, online giving options and the church bank details are available on request, should anyone desire to donate.
Voluntarily giving as well as volunteering to help with the activities, is paramount to the survival of the church. The Eldership, Leadership team and Trustees are grateful to God for His provision in these areas. They also wish to thank everyone for their continued support whether financially or volunteering within the communities.
Structure, governance and management
a. Constitution
Church in the Community Group of Churches is registered as a charitable company limited by guarantee and was setup by Memorandum and Articles of Association amended in August 2014.
The company is constituted under a Memorandum and Articles of Association dated August 2014 and is a registered charity number 1159061.
The principal objective of the company is to glorify God:
-
focusing to be in the community, a part of the community and a support to the community
-
having fellowship together and sharing with joy and generosity
-
making disciples who multiply disciples through care and nourishment of our church families
-
centring our lives on the complete work of God and worshiping in unity
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association.
The Trustees who served during the year and subsequently, to the date of this report except where indicated were:
A Armstrong
J Armstrong (appointed 21 April 2022, resigned 13 April 2023)
S Bloomer
P Carpenter
J Owen (resigned 25 October 2023)
Page 5
Church in the Community Group of Churches
(A company limited by guarantee)
Report of the Trustees for the year ended 31 March 2023 (continued)
Structure, governance and management (continued)
c. Organisational structure and decision-making policies
While the Trustees have ultimate accountability for the strategic direction and decisions of the Church, daily responsibility is delegated to the local leadership team. The Church itself (i.e. the congregational body and its affairs) is governed by a Constitution and a Basis of Faith and served by the Eldership, Leadership and Trustees who are accountable to the Board of Trustees and to God for the fulfilment of their responsibilities.
The Trustees are aware of the Charity Governance Code for smaller charities and are reviewing the code and considering its application to the Church.
Plans for the future
The church leadership team are seeking God’s guidance on the direction He is calling the church. The activities at Wollaston have continued into the next year and are frequently reviewed to ensure they are both a benefit to the community and to God’s Kingdom. One of the ways that this has happened is through the running of the Alpha course in the Summer of 2023.
After the reporting period, CitC Lakeside stopped having weekly prayer meetings and the Youth group subsequently closed in July 2023. The closure of Forge Youth aligned with the termination of the lease for this location. The leadership worked with another local church to ensure the young people were able to connect with them, should they wish to, and they were all invited to join Ignite Youth.
The Charity has continued to see a decrease in the resources held throughout the closure of the Lakeside location. However, the Wollaston community continued to be able to sustain itself. Due to the increase in costs of running the Hub, the leadership team did decide to start charging for the drinks from June 2023. Although the year ahead has a number of challenges to be overcome, the Trustees continue to pray and seek God’s will for the charity.
Page 6
Church in the Community Group of Churches
(A company limited by guarantee)
Report of the Trustees for the year ended 31 March 2023 (continued)
Statement of Trustees’ responsibilities
The Trustees (who are also the Directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable laws and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 19 January 2024 and signed on their behalf by:
P Carpenter BFP ACA (Trustee)
Page 7
Church in the Community Group of Churches
(A company limited by guarantee)
Independent Examiner’s Report for the year ended 31 March 2023
I report on the accounts for the year ended 31[st] March 2023 set out on the following pages.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) 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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required and I am qualified to undertake the examination by being a qualified member of ICAEW.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner’s report
My examination was carried out in accordance with the 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 you as 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 statements 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
-
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
-
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Richard Ashmore ICAEW Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
19[th] January 2024
Page 8
Church in the Community Group of Churches
(A company limited by guarantee)
Statement of Financial Activities (including summary income and expenditure account) for the year ended 31 March 2023
| Note Income from: Donations and legacies 3 Other Income 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net income / (expenditure) Transfers between funds 11 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 15,492 10,605 |
Restricted funds 2023 £ 3,277 - |
Total funds 2023 £ 18,769 10,605 |
Total funds 2022 £ 43,367 6,263 |
|---|---|---|---|---|
| 26,097 | 3,277 | 29,374 | 49,630 | |
| 27,668 | 2,025 | 29,693 | 42,226 | |
| 27,668 | 2,025 | 29,693 (319) - |
42,226 | |
| (1,571) - |
1,252 - |
7,404 - |
||
| (1,571) | 1,252 | (319) | 7,404 | |
| 20,542 (1,571) |
- 1,252 |
20,542 (319) |
13,138 7,404 |
|
| 18,971 | 1,252 | 20,223 | 20,542 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 20 form part of these financial statements.
Page 9
Church in the Community Group of Churches
(A company limited by guarantee)
Balance Sheet as at 31 March 2023
| Note Current assets Debtors 8 Cash at bank and in hand 10 Creditors: amounts falling due within one year 9 Net current assets Creditors: amounts falling due after more than one year Net assets Total net assets Charity funds Restricted funds 11 Unrestricted funds 11 Total funds |
3,956 17,964 |
2023 £ 2,124 19,629 21,753 (1,211) 20,223 - 20,223 20,223 1,252 18,971 20,223 |
2022 £ 20,542 - |
|---|---|---|---|
| 21,920 (1,697) |
|||
| 20,542 | |||
| 20,542 | |||
| - 20,542 |
|||
| 20,542 |
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 19 January 2024 and signed on their behalf by:
P Carpenter BFP ACA (Trustee)
The notes on pages 11 to 20 form part of these financial statements.
Page 10
Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
1. General information
The company is a company limited by guarantee in England. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to the sum not exceeding £10 per member of the company.
2. Accounting policies
2.1. Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Church in the Community Group of Churches 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.
2.2. Going concern
The Trustees have reasonable expectations that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have reviewed future cashflows for income and expenditure for the next 12 months. They continue to believe that the going concern basis of accounting is appropriate in preparing the financial statements.
2.3. Income
Recognition
All income is recognised once the company has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Legacies
For legacies, entitlement is taken as the earlier of the date on which either:
-
the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate.
-
Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably.
In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
Page 11
Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
2. Accounting policies (continued)
2.4. Income (continued)
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Tax reclaims
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
2.4. Expenditure
Recognition
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Support Costs
Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out.
Charitable Activities
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
2.5. Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6. Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.7. Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Page 12
Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
2. Accounting policies (continued)
2.8. Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
3. Income from donations and legacies
| Donations Grants Legacies Total 2022 |
Unrestricted funds 2023 £ 15,492 - - |
Restricted funds 2023 £ 105 3,172 - |
Total funds 2023 £ 15,597 3,172 - |
Total funds 2022 £ 31,752 2,100 9,515 |
|---|---|---|---|---|
| 15,492 | 3,277 | 18,769 | 43,367 | |
43,367 |
||||
| - | 43,367 |
Included within grants above, is the government grants received from the local authority to support businesses which were affected by Covid-19 restrictions £nil (2022 - £2,100) .
Page 13
Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
4. Other incoming resources
| Unrestricted funds 2023 £ Rental Income 9,054 Room Hire 375 Activities - Stripey Oss Café - Little Lights 382 Market Halls 214 Hub 580 10,605 Total 2022 6,263 nalysis of expenditure on charitable activities mmary by fund type Unrestricted funds 2023 £ Charitable activities 27,668 Total 2022 42,226 nalysis of expenditure by activities Direct costs 2023 £ Charitable activities 4,535 Total 2022 14,282 |
Unrestricted funds 2023 £ 9,054 375 - - 382 214 580 |
Restricted funds 2023 £ - - - - - - - |
Total funds 2023 £ 9,054 375 - - 382 214 580 |
Total funds 2022 £ 2,004 - 1,180 2,994 85 - - |
|---|---|---|---|---|
| 10,605 | - | 10,605 | 6,263 | |
| Total funds 2022 £ 42,226 |
||||
| 6,263 | - | 6,263 | ||
| Restricted funds 2023 £ 2,025 |
Total funds 2023 £ 29,693 |
|||
| Total funds 2022 £ 42,226 |
||||
| 42,226 | - | 42,226 | ||
| Direct costs 2023 £ 4,535 |
Support costs 2023 £ 25,158 |
Total funds 2023 £ 29,693 |
||
| 14,282 | 27,944 | 42,226 |
5. Analysis of expenditure on charitable activities
Summary by fund type
6. Analysis of expenditure by activities
Page 14
Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
6. Analysis of expenditure by activities (continued)
| Analysis of direct costs Gifts & Guest Speakers Missions Stripey Oss Café Events Little Lights Ignite Youth Hub Total 2022 Analysis of support costs Accountancy Legal & Professional Computer Costs Events Insurance Maintenance Rent & Rates Subscriptions Sundry Training Total 2022 |
Unrestricted Direct Costs 2023 £ 725 314 - 625 75 - 1,162 |
Restricted Direct Costs 2023 £ - - - - - 1,335 299 |
Total funds 2023 £ 725 314 - 625 75 1,335 1,461 |
Total funds 2022 £ 11,500 580 2,202 - - - - |
|---|---|---|---|---|
| 2,901 | 1,634 | 4,535 | 14,282 | |
| Total funds 2022 £ 240 - 2,514 1,581 219 1,752 16,190 4,019 1,321 108 |
||||
| 14,282 | - | 14,282 | ||
Unrestricted Support Costs 2023 £ 420 208 1,310 - 1,774 442 17,985 1,574 881 173 |
Restricted Support Costs 2023 £ - - - - - - 391 - - - |
Total funds 2023 £ 420 208 1,310 - 1,774 442 18,376 1,574 881 173 |
||
| 24,767 | 391 | 25,158 | 27,944 | |
| 27,944 | - | 27,944 |
Page 15
Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
7. Trustees’ remuneration and expenses
During the year ended 31 March 2023, no Trustee received any remuneration or expenses (2022 - £Nil) . The only transaction which occurred is noted below within related party transactions.
8. Debtors
| 8. Debtors | ||
|---|---|---|
| Due within one year Prepayments Gift aid receivable 9. Creditors: Amounts falling due within one year Accruals and deferred income 10. Financial instruments Financial assets Financial assets measured at fair value through income and expenditure |
2023 £ 2,898 1,056 |
2022 £ 1,837 288 |
| 3,955 | 2,124 | |
| 2023 £ 1,697 |
2022 £ 1,211 |
|
| 1,697 | 1,211 | |
| 2023 £ 17,964 |
2022 £ 19,629 |
Financial assets measured at fair value through income and expenditure comprise cash and cash at bank.
Page 16
Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
11. Statement of funds
| Statement of funds – current year Balance at 1 April 2022 £ Unrestricted funds Designated funds Missions Fund 337 337 General funds General Funds - all funds 20,205 Total Unrestricted funds 20,542 Restricted funds Asda Foundation Grant - EBI Fund Grant - Lambs of God Children’s Home - Total restricted funds - Total of funds 20,542 Transfers |
Statement of funds – current year Balance at 1 April 2022 £ Unrestricted funds Designated funds Missions Fund 337 337 General funds General Funds - all funds 20,205 Total Unrestricted funds 20,542 Restricted funds Asda Foundation Grant - EBI Fund Grant - Lambs of God Children’s Home - Total restricted funds - Total of funds 20,542 Transfers |
Income £ 1,120 |
Expenditure £ - |
Transfers in/out £ - |
Balance at 31 March 2023 £ 1,457 |
|---|---|---|---|---|---|
| 337 | 1,120 | - | - | 1,457 | |
| 20,205 | 24,977 | (27,668) | - - |
17,514 18,971 |
|
| 20,542 | 26,097 | (27,668) |
|||
| - - - |
690 2,482 105 |
(690) (1,335) - |
- - - |
- 1,147 105 |
|
| - | 3,277 | (2,025) | - | 1,252 | |
| 20,542 | 29,374 | (29,693) | - | 20,223 | |
No transfers between funds were made during the year.
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Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
11. Statement of funds (continued)
| Statement of funds – prior year Unrestricted funds Designated funds Missions Fund Church Holiday General funds General Funds - all funds Total Unrestricted funds Restricted funds Restricted funds Total of funds Transfers |
Balance at 1 April 2021 £ - - |
Income £ 917 1,180 |
Expenditure £ (580) (1,472) |
Transfers in/out £ - 292 |
Balance at 31 March 2022 £ 337 - |
|---|---|---|---|---|---|
| - | 2,097 47,533 |
(2,052) (40,174) |
292 | 337 | |
| 13,138 | (292) | 20,205 20,542 |
|||
| 13,138 | 49,630 | (42,226) |
- |
||
| - | - | - | - | - | |
| 13,138 | 49,630 | (42,226) | - | 20,542 | |
Transfers between designated funds to unrestricted funds is to cover the remaining accommodation costs of the church holiday booking of £292.
Page 18
Church in the Community Group of Churches
(A company limited by guarantee)
Notes to the Financial Statements for the year ended 31 March 2023
12. Summary of funds
Summary of funds – current year
| Designated funds General funds Restricted funds Summary of funds – prior year Designated funds General funds Restricted funds |
Balance at 1 April 2022 £ 337 20,205 - |
Income £ 1,120 24,977 3,277 |
Expenditure £ - (27,668) (2,025) |
Transfers in/out £ - - - |
Balance at 31 March 2023 £ 1,457 17,514 1,252 |
|---|---|---|---|---|---|
| 20,542 | 29,374 | (31,221) | - | 20,223 | |
| Balance at 1 April 2021 £ - 13,138 - |
Income £ 2,097 47,533 - |
Expenditure £ (2,052) (40,174) - |
Transfers in/out £ 292 (292) - |
Balance at 31 March 2022 £ 337 20,205 - |
|
| 13,138 | 49,630 | (42,226) | - | 20,542 |
Designated funds:
Missions Fund – 10% of CitC Wollaston’s donations for overseas missional work.
Church Holiday – Annual church holiday income and expenditure.
Restricted funds:
Asda Foundation Grant – Cost of living grant to aid with warm spaces in the local community.
EBI Fund Grant – European Bible Institute fund grant awarded to fund projects directly related to evangelism and multiplication of disciples. This grant was provided from Greater Europe Mission for the Youth work at Wollaston.
Lambs of God Children’s Home – Special collection to raise money for the work of the children’s home in Antigua, Guatemala.
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(A company limited by guarantee)
Church in the Community Group of Churches
Notes to the Financial Statements for the year ended 31 March 2023
13. Analysis of net assets between funds
Analysis of net assets between funds – current year
| Current assets Creditors due within one year Total Analysis of net assets between funds – prior year Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 21,920 (1,697) |
Restricted funds 2023 £ - - |
Total funds 2023 £ 21,920 (1,697) |
|---|---|---|---|
| 20,223 | - | 20,223 | |
Unrestricted funds 2022 £ 21,753 (1,211) |
Restricted funds 2022 £ - - |
Total funds 2022 £ 21,753 (1,211) |
|
| 20,542 | - | 20,542 |
14. Operating lease commitments
The Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
| Not later than 1 year Later than 1 year and not later than 5 years |
2023 £ 6,068 3,881 |
2022 £ 13,210 9,949 |
|---|---|---|
| 9,949 | 23,159 |
15. Related party transactions
During the year, J Armstrong, a Trustee of the Charity received a donation for their services as Pastor and Elder of the charity of £675 (2022: £nil).
During the year, A Hodson, a Trustee of the Charity received a donation for their services as Pastor and Elder of the charity of £nil (2022: £11,450).
During the year a donation of nil (2022: £580) was made to ‘Lambs of God Children’s Home’ who are a mission organisation related to the one of the Trustees.
Other than those already disclosed above, there were no related party transactions or expenses incurred by Trustees in either year.
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