North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2023
The Board of Trustees presents its report and financial statements for the year ended 30 September 2023
Reference and Administrative Information
Charity name: North Watford Church of the Nazarene Charity Registration Number: 1159827 Principal Address: 19 Balmoral Road, Watford, WD24 4ER Mailing Address: 70 Westfield Avenue, Watford, Herts, WD24 7HE. UK. Board of Trustees Rev. Jose Correia Junior (Chair) Mr Josue Gomes de Melo Rev Marcia Correia (Contact) Mrs Rosana Nascimento Mrs. Gracielle Gabardo
The Chairperson and contact are ex officio by virtue of their joint office as Pastors of North Watford Church of the Nazarene.
Holding/Custodian Trustee : Church of the Nazarene British Isles South District (A Charitable Company Limited by Guarantee: Company No 7028764)
Website: None
Bankers: Lloyds Bank: Account No: 02009809, Sort Code: 30-99-21, Name: Church of the Nazarene
Independent Examiner: Kate Lees, 34 Hope Green, Watford, WD25 7HQ.
Structure, Governance and management:
Structure and Organisation
The charitable incorporated organisation (CIO) was set up on 7 Jan 2015 with registration number 1159827. In 2020 the charity was temporally mothballed pending the appointment of the New Board of Trustees by the previous church plant who were the main users of the church building. The New Board was formally appointed 0n 25 April 2021 and the running of and the assets of the charity passed to them on that date.
Trustee appointments
The Pastor(s) of the church are ex-officio members of the Board of Charity and their position is reviewed two years from appointment and then every four years after that. The remaining Trustees are elected annually by members of North Watford Church of the Nazarene at the annual general meeting held in or around March each year.
Governance and wider Network
The Board of Trustees meets 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/CIO is a member of the Church of the Nazarene British Isles South District (a Charitable Company Limited by Guarantee, Company No. 1133336), which in turn is a member of the Global Church of the Nazarene which has its headquarters in Lenexa USA.
The CIO is governed by an approved governing constituting document drawn up by Anthony Collins, Charity Solicitors, Birmingham and approved by the Charity Commission for England and Wales and HMR&C. The governing document is based on the Manual of the Global Church of the Nazarene where UK law permits.
North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2023
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 Board of 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:
a) 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. b) To serve and enhance the local community.
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
General: The church has continued to grow and offers a spiritual and social hub for the Portuguese and English-speaking community in Watford and the wider area around. Several events were held over the year which supported our aims of promoting the Christian faith and benefiting the local community such as a special event for couples, youth, ladies and men. Work was also done on improving the church facilities for more effective use of the building.
The aims for the year included:
-
Continuation of weekly Christian Worship meetings and promoting of the Christian faith in accordance with the principles of the Church of the Nazarene.
-
Work with children and young people to promote the Christian faith and provide local social benefit.
-
Continuing to develop links with local community, to enhance the involvement of the church with and relevant local agencies on behalf of the local- community.
-
Continue to partner with and make the church building available to relevant local agencies seeking to benefit the local community, such as agencies include but not restricted to residents’ groups, childminder groups, Scouts, etc.
Significant activities during the period include:
-
Sunday worship services in the Nazarene tradition held in Portuguese language, translation system is available to attend English speaking too.
-
Weekly Sunday school proving children with biblical knowledge.
-
Regular Youth/Ladies and Men’s ministry events opened to the community.
-
Weekly meetings for spiritual and personal development, growth and education.
-
Week-day use of the building by ‘Honey’s Nest’ pre-school group to benefit the local community.
-
Weekly use of the building by another Christian group, promoting services in an African language.
All services, activities and events were opened to the community with no restrictions.
Volunteers
The work planned, activities undertaken and achievements attained would have not been possible without the active involvement of members and friends of the charity without whom the work of the charity could not be realized. The board of Trustees is grateful for the work and support of all the members and friends of the North Watford Church of the Nazarene.
North Watford Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2023
Financial Review and notes to the Accounts
The accounts of the charity have been prepared in accordance with the relevant Charity SORP.
Reserves
The charity does not have a formal 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 Board of Trustees reviews 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. The charity currently holds a little over £64,000 in savings.
Financial Review of the Year
The charity has continued to tailor the expenditure it incurs to the income received through Tithes and Offerings and rent for use of the building by other groups. The income for the year comprises tithes & offerings, donations and support funding from the Nazarene British Isles South District towards pastoral salary, plus hall rental. Finances continue to be healthy, and this has facilitated a spend of over £19,000 this year on maintaining the church building and providing improved facilities. The church finishes the period in a strong position and while we have not increased our savings, neither have we needed to utilise them.
Church Income from all sources was £69,718.96 and Expenditure was £68,353.87.
Assets and Liabilities
Cash Funds Held at 30 Sept 2023: Cash Book: £8,456.36. Savings Account: £64,431.78. There is also an outstanding loan to our Pastor of £2,625 which will be carried forward to the next financial year.
Buildings and Land:
The Assets of the charity are as follows:
The property situate at 19 Balmoral Road, Watford, WD24 4ER. The legal title is held by the Incorporated Trust Corporation, Church of the Nazarene British Isles South District, Company Registered Number: 07028764, on behalf of the local Trustees. This is the church building and has an insured value of £1,604,314(building and contents).
The property situate at 70 Westfield Avenue, Watford WD24 7HE, the legal title is held by the Incorporated Trust Corporation, Church of the Nazarene British Isles South District, Company Registered Number: 07028764, on behalf of the local Trustees. This is the church house (manse) and has an insured value of £420,401 (building only).
A full schedule of assets within the above properties, which includes white goods and equipment used in support of the activities of the church, can be made available upon request.
Investment Assets: None.
Liabilities: None.
Trustee Expenses
Pastoral Salary of £24,908.28 and pastoral expenses of £540 were paid to Rev. Jose Correia Junior. No other Trustee received any remuneration or expenses in this year or the previous year. An estimated £4,000 was received in unrestricted funds (as tithes and offerings) from the Trustees.
Related Party Transactions
There were no related Party Transactions during this year or the previous year.
Plans for Future Periods
The Board of Trustees meets on a monthly basis to plan and look to the future of the charity.
Declaration :
The Trustees declare that they have approved the trustees’ report above.
| Finance Summary October 2022 to September 2023 22/23 Opening Balance £7,091.26 £7,091.26 INCOME Late 20/21 Income Tithes and Offerings £30,550.07 Nazarene BISD Support £6,000.00 Church Rental £19,900.00 Donations £12,915.39 Events £353.50 Oxford Pastoral Salary Contribution £0.00 Oxford Offering £0.00 Total Church Income 22/23 £69,718.96 In and Out (non-income) Oxford rent (In) £1,080.00 Transfers In (from Savings) £0.00 Total money in 22/23 £70,798.96 EXPENDITURE Church expenses Church Gas £1,390.40 Church Electric £2,922.03 Church Insurance £1,630.07 Church Water £103.28 Church Building and Maintenance £19,628.89 Speakers fees and expenses £320.00 District Events £896.84 Other Events £2,332.10 Miscellaneous expenditure £145.00 To Oxford for rent owed £1,260.00 Fire Protection services £64.44 CCLI (Copyright) Licences £371.89 Media and Sound Equipment £2,279.17 HMRC £0.00 Translation Equipment £0.00 TOTAL CHURCH £33,344.11 Pastoral Expenses Pastoral Salary £24,908.28 Love gift for Pastor £2,625.00 Loan to Pastor £2,625.00 Internet and Mobile £540.00 Mileage £0.00 House move £0.00 TOTAL PASTORAL £30,698.28 |
21/22 £11,384.74 £355.97 £24,821.76 £6,000.00 £23,525.00 £10,030.00 £560.00 £4,000.00 £55.00 £69,347.73 |
|---|---|
| £2,420.00 £71,767.73 |
|
| £2,086.01 £1,532.20 £1,459.20 £483.29 £2,193.21 £750.00 £830.18 £1,340.50 £225.48 £0.00 £64.44 £355.66 £1,060.05 £200.00 £327.42 £12,907.64 £26,983.97 £540.00 £756.90 £90.00 £28,370.87 |
| Manse (Church house) Expenses Manse Maintenance & Repair Manse Home Insurance Manse Water Bills (Affinity) Manse Gas and Electric Bills Manse Council Tax TOTAL MANSE Total Church Expenses 22/23 Transfers Out (to Savings Account) In and Out (non-expense money) Oxford Rent (Out) Total money out Year End Balances. (B/fwd + Income - Exp.) Savings Account Opening Balance Transfers from current a/c Transfers to current a/c Interest payments Year end balance Outstanding Loan to Pastor |
£0.00 £351.70 £684.09 £1,131.20 £2,144.48 £4,311.47 £68,353.86 £0.00 £1,080.00 £69,433.86 £8,456.36 22/23 £64,047.88 £0.00 £0.00 £383.90 £64,431.78 £2,625.00 |
£234.00 £282.32 £539.98 £1,435.68 £2,870.72 £5,362.70 £46,641.21 |
|---|---|---|
| £27,000.00 £2,420.00 £76,061.21 £7,091.26 |
||
| 21/22 £37,039.36 £27,000.00 £0.00 £8.25 £64,047.88 |
||
CHARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts S•ctlon A Independent ExamSn•rfs R•port Report to the trusteesl members of Norlh Watford Church oflhe Nazarene On accounts for the year ended September 2023 Charfty no Ilf any) 11S9827 S•t out on pag•s iiemembti loincl gage Thumber5 ts1 xddilion41 sheets I report to the truste•s M my examinat)n otthe •c(>)unts of the above charity llhe Trusll for the year ended 3W9r2023. R•8pon>ibllitl•s and A8 the chaiity Iws1 of Ihe Trust. you are responsibjg for the prepara1n basls of r•port 01 the accounls in •¢oxd¥nc¢ wilh Ihe cequirements of lh& Charrt5 Acl 2011 Dhe Act'i. l ffjport in rtsFd of my ex1n8th)n oflhe Trust's a¢¢ounls carried out under sectKJn 145 of Ihe 2011 Act and in rry1ft9 out rny examination, I have folkiwed Ihe appIats1 Dire$ 9r¥•n by the Charty Commission un¢J8f sedb)n 145(5llb} ol the Act. I have c¢)mpleled my examinati. I COAfim) that no material m8tt&rs have come to my attentKn I "l in connection wilh Ihe examinatK>n gpKs cause lo b•liw that th. any maleri81 respect." accounling record¥ not kepl in ¥¢c¢rdone• wth section 130 of th• Act or the pLcount8 do nal wilh tl •cuunlin9 r•¢ord8 Independgnt gxamlnerfs statsment I have no concerns and have come acTOSS no other matters in connection Ih the ex8rninatJn lo vthth att¢nl•)n should drawn in ordtrr to enablo a propw und•rstanding ol Ihe accounts to b& reacld. ' Fyease delele Ilre Ihs bke1$ rflh8y nol 8ppty. Slgned: •iJiJi>: a+ N•rn•: Relev•nt prol•s8lonal qualificationlsl or body Ilf anyl- Addr•H." Arfoeo IER October 2018
Section B Dtsclosure Onty complete il the examiner needs lo hwJhlighl mallers ol concem (see CC32. Independent exarnin of chaity wJJnts.' diradi$ and gJenCe lor examiners). Give hern brld detsil• af any items th¥t the •xaminer wishes to dlJclo¥e. IER October 2018