SUNNYHILL CHURCH
ANNUAL REPORT AND ACCOUNTS YEAR END 31 MARCH 2024
Charitable Incorporated Organisation Charity Number: 1161294
Statutory Information:
Charitable Incorporated Organisation Registration Number: 1161294 (Constitution last amended: 17/11/17)
Registered Address: Sunnyhill Church Wareham Road Corfe Mullen BH21 3LE
Finance Office: Sunnyhill Church, 117 Aspen Gardens, Poole, BH12 4DQ
Trustees: Dominic Bird Daniel Jackson (Chair) Matthew Mellor (Secretary & Treasurer) Simon Lincoln (appointed 25/04/23)
Senior Leadership Team (Spiritual Leaders): Dominic & Louise Bird Adam & Catherine (‘Fru’) Bird Colin & Joanna Mengell Kevin Sissons (appointed 05/01/25)
Staff
Adam Bird – Ferndown Campus Pastor Dominic Bird – Lead Pastor Louise Bird – Co-Lead Pastor/Ministry Director Jo Jackson – Operations Manager (appointed 01/05/23) Emmy Fennell – Youth Worker (appointed 05/09/23) Sophie Parker – Kids Worker (appointed 09/04/24)
Bankers:
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4TA Lloyds Bank plc., 25 Gresham Street, London EC2V 7HN The Charity Bank Ltd, Fosse House, 182 High Street, Tonbridge, TN9 1BE
Solicitors:
Emma Moody, Womble Bond Dickinson, St Ann’s Wharf, 112 Quayside. Newcastle upon Tyne, NE1 3DX
Independent Examiner:
John Caladine FCCA CTA FCIE, Caladine Limited, Chantry House, 22 Upperton Road, Eastbourne, East Sussex, ME19 4TA
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Trustees Annual Report
Our Purpose:
We are Sunnyhill.
Sunnyhill is a multisite church with campuses currently in Poole, Ferndown and Corfe Mullen.
We are a vibrant, contemporary, multisite church that is faith-filled, life-fuelled, fun loving and passionate about Jesus. Church to us isn’t about stuffy religious practices, but it’s about people expressing life and faith in Jesus.
Our purpose is simple; we are here ‘For The One’. We focus our lives on loving and bringing honour to Jesus (‘The One’) and the best way we can do this, is by loving and making Him known to anybody (‘the one’) who hasn’t experienced Him yet. We believe that in doing these things we’re living out Jesus’ New Commandment (see John 13:34). We do this both within the Dorset region and beyond.
Our Values:
Generosity: We are so inspired by the goodness of God that the only fitting response to all He has done is to live generously. We know the world of the generous gets bigger and bigger so therefore we live generously by being faithful in our giving, selfless in our serving and cheerful in our attitude.
Innovation: The first thing we learn about God in the Bible is that He is a creator. The first thing we learn about us in the Bible is that we’re made in His image. We think innovation and creativity reflect the heart of God and as a result believe that church should be the most innovative place on earth. Therefore, we celebrate innovation by being creative, fearless and fresh in the expression of our faith.
Growth: We think growth matters. We are not content to maintain church, we want to grow and flourish deep and wide both spiritually and numerically. Every one matters, so we champion growth by creating healthy community that is both missional at it’s heart and invitational in its ethos.
Excellence: For us, excellence is not about perfection but it’s about doing the best with what we have. We want to do our best, be our best, live our best because we believe God is worth it and because we believe people who don’t know God yet are worth it. We pursue excellence by cultivating a ‘can-do’ attitude, nurturing a pure heart and living to inspire others to do the same.
Next Generation: We believe the Next Generation are key to the plans and purposes of God, they don’t have to wait. We want to raise them, equip them and release them to be all that God has called them to be. That said, Next Gen for us isn’t all about kids and youth, it’s about being generation oriented and passionate about the next thing God is doing. We build for the Next Gen by being young at heart, vibrant and brave.
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Lead Pastor’s Overview
For the financial year to 31 March 2024 Sunnyhill Church have seen growth in our congregation and have entered 2024 with the desire to grow in all areas.
We continue to search for a permanent physical home for the church in the form of a building for our Poole Campus. The search is on going, for the right building, in the right location, at the right price in order to outwork our missional aims. Following the closure of “Lounge One” coffee shop, run by our trading entity “Community Rhythms CIC in December 2022, this year saw that space sub-let until the end of our current lease in January 2025, in order to mitigate the financial impact of the closure.
Throughout this year we have continued to invest in our Small groups, and our ‘Take 5’ daily bible reading devotional. We have provided opportunities for growth through our Alpha Course (new believers) and a wide variety of ministry events.
In May 2023, we hosted a ‘Dreambuilders Celebration’, for those in our congregation who are commited to Serve, Sow and Pray into the life of our church. The evening gave us the opportunity to celebrate our volunteers, who pour into Sunnyhill, feedback to our congregation and also inspire them for the year to come.
Following the successful introduction of a Summer Camp in 2022, it was agreed that this had been successful time for the congregation to grow together, strengthening relationships and embedding in the culture of the organization. It enabled people to feel well connected, better themselves and improved the whole community. In fact, the camp felt like confirmation that the 5 year plan for Summer Camps was right for our congregation. In August 2023, we worked alongside Hants and Dorset Christian Camps (H&DCC) once again to bring our congregation Summer Camp 2023.
With the growth of the church community and its recovery from COVID-19 we saw the desire of our congregation to reach beyond our own community, and saw an opportunity to host an outreach event. At the event we hosted Mark Ritchie, a comedian and evangelist, the event with an audience of over 300, saw 38 people give their lives to Jesus. Throughout 2023/24 we baptized 20 people at our Summer Beach Baptisms and our Winter Baptism services.
During this year we were pleased to grow our Trustees and Staff . We were excited to announce the appointment of Simon Lincoln to our trustee board in April 2023, bringing additional strength to our trustees. Then in May we welcome Joanne Jackson as our Operations Manager. This role was not the same as that of our previous Operations Pastor and this has been of great benefit to the organization. In 2023, we said goodbye to a great Volunteer Kids Leader and on review we decided that we wanted to invest in our next generation, and that this role would not be one person to head up our Kids and Youth Work, but instead two roles, ensuring that each had a heart for their individual ministries. In September 2023, we welcomed Emmy Fennell to the team as our Youth Oversight and were interviewing for the Kids Worker at the end of March 2024, who has at the time of writing has been successfully appointed.
Dom & Loo Bird Lead Pastors
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Charitable Objects:
The objects of Sunnyhill Church, for the public benefit, are to advance the Christian faith in accordance with the Statement of Beliefs, in Poole, Dorset and in such other parts of the United Kingdom or the world as the charity trustees may from time to time think fit.
Organisational Structure, Governance and Management:
Sunnyhill Church is a Charitable Incorporated Organisation (CIO), governed by a constitution and lead by a team of Trustees. As per the constitution the “Spiritual Leaders” (Senior Leadership Team) are responsible between them and recognised by the Church Fellowship as responsible for the spiritual leadership of the Church Fellowship. The day-to-day running of the organisation is handled by the Staff Team. The charity is therefore led by the Trustees and Senior Leadership Team. The officials (Chair and Secretary/Treasurer) are currently also involved in the day-today management of the charity. Remuneration for staff, including members of key management, is set by a Subgroup of non-salaried Trustees called the “Salary Review Board” (SRB).
Trustees are appointed by the Trustees, according to the rules set out in the constitution. New trustees are invited to attend a trustee meeting in an observatory capacity, and given information about Sunnyhill, including its policies and procedures, and the Charity Commission guide 'the essential trustee'.
Financial Review:
At the end of the financial year the charity reports a healthy financial position, evidenced by income exceeding budget and expenditure falling below budgeted expectation.
The majority of the charity's income comes though the voluntary giving of those attending the church, all income for the year was £304,135 (22/23: £270,930). All expenditure relates to the furtherance of the charities aims £299,574 (22/23 £245,600).
The charity seeks to hold in reserve three month’s full expenditure (£75,000). At the close of the current financial year the reserves policy was met. Although not all funds were held as unrestricted general cash balances, the charity holds significant designated funds as cash balances that could be used to meet any short term cash reserve requirements. At the year end, total reserves were £1,130,317, of which £95,743 were restricted and a further £948,303 was designated.
Risks and policies:
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. This includes the current policies which are reviewed and updated regularly, including: Finance Operating Procedures, Volunteer Policy, Hardship/Grants Policy, Complaints Procedure, Paying Staff /Recruitment, Investment Policy and the Risk Assessment Policy. The grants policy includes the desire to give 10% of voluntary income away as an organisation tithe. The charity does not hold complex investments or financial instruments and social investments are made as the fund allows depending upon the fit with charity's aims. Sunnyhill is heavily reliant upon volunteers in all of its activities to an unquantifiable extent, for which the trustees and senior leaders are grateful.
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Public Benefit Statement:
The Trustees are aware of the Charities Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and has regard to it in the administration of the Church.
The Trustees believe that, the Church provides benefit to the public by:
• providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for the congregation and for anyone else who wishes to benefit from what the Church offers; and
- promoting Christian values and service by partners of the church to the community, for the benefit of individuals and society as a whole.
Trustees' Responsibilities
The trustees are responsible for preparing the trustees' annual 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 charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
The annual report and accounts were approved by the trustees on 30 January 2024, and is signed below on their behalf:
Matt Mellor (Secretary/Treasurer)
Danny Jackson (Chair)
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SUNNYHILL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUNNYHILL CHURCH I report to the Trustees on my examination of the financial statements of Sunnyhill Church (the Charrty) for the year ended 31 March 2024. Responslbllllles and basls of report As the Trustees of the Charity you are spOnSible for the preparation of the financial ststements in accordance with the requirements of the Charibes Act 2011 (the 2011 Act). I report in respect of my examination of the Charity's fjnancial statements carried out under seclion 145 of the 2011 Act. In carying out my examination I have fdlowed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examIneS statement Since the Charty's gross income exceeded £250.000 your examiner must be a rnernber of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ACCA, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance ryth Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 Twhich is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generalty Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examinalion giving me cause to believe that in any material respect: accounting records were not kept in spect of the Chanty as required by section 130 of the 2011 ACL or the financial ststements do not accord with those records.. or the financial statements do not comply with the applicable requirements COnming the form and content of accounts set out in the Charilies (Accounts and Reports) Regulations 2OJ8 other Ihan any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems 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 ststements to be reached. John Caladine FCCA CTA FCIE Caladine Limited Chanty House 22 Upperton Road Eastbourne East Sussex BN21 1BF
SUNNYHILL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income and endowments from: Donations and legacies 3 260,707 10,982 Charitable activities 4 7,403 61 Investments 5 24,279 - Other income 6 703 - Total income 293,092 11,043 Expenditure on: Charitable activities 7 285,277 14,297 Total expenditure 285,277 14,297 Net income/(expenditure) 7,815 (3,254) Transfers between funds 21 - - Net movement in funds 10 7,815 (3,254) Reconciliation of funds: Fund balances at 1 April 2023 1,026,759 98,997 Fund balances at 31 March 2024 1,034,574 95,743 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 271,689 239,008 18,150 7,464 4,767 456 24,279 8,549 - 703 - - 304,135 252,324 18,606 299,574 234,127 11,473 299,574 234,127 11,473 4,561 18,197 7,133 - 1,560 (1,560) 4,561 19,757 5,573 1,125,756 1,007,002 93,424 1,130,317 1,026,759 98,997 |
Total 2023 £ 257,158 5,223 8,549 - |
|---|---|---|
| 270,930 | ||
| 245,600 | ||
| 245,600 | ||
| 25,330 - |
||
| 25,330 1,100,426 |
||
| 1,125,756 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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SUNNYHILL CHURCH
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
| Notes Fixed assets Property, plant and equipment 14 Investments 15 Current assets Inventories 16 Trade and other receivables 17 Cash at bank and in hand Current liabilities 18 Net current assets Total assets less current liabilities The funds of the Charity Restricted income funds 21 Unrestricted funds 22 |
2024 £ £ 20,178 20,000 40,178 2,065 31,480 1,073,369 1,106,914 (16,775) 1,090,139 1,130,317 95,743 1,034,574 1,130,317 |
2023 £ £ 10,102 50,690 60,792 3,775 20,205 1,066,408 1,090,388 (25,424) 1,064,964 1,125,756 98,997 1,026,759 1,125,756 |
2023 £ £ 10,102 50,690 60,792 3,775 20,205 1,066,408 1,090,388 (25,424) 1,064,964 1,125,756 98,997 1,026,759 1,125,756 |
|---|---|---|---|
| 60,792 1,064,964 |
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| 1,125,756 | |||
| 98,997 1,026,759 |
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| 1,125,756 |
30/01/2025 The financial statements were approved by the Trustees on .........................
.............................. Mr D Jackson (Chair) Trustee
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
Charity information
Sunnyhill Church is a Charitable Incorporated Organisation registered with the Charity Commission in England and Wales. The Charity's registered number is 1161294 and was first registered on 15 April 2015. The principal address of the Charity is as shown on the Legal and Administrative information page.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's constitution, the Charities Act 2011 and "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 Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies (Continued)
1.5 Expenditure
Liabilities are recognised when a constructive obligation exists, the payment is probable and the obligation can be measured or estimated reliably.
Resources expended are allocated to the particular cost centre to which they relate and include irrecoverable VAT.
1.6 Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Fixtures, fittings and Equipment Over 5 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Non-current investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the Charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.8 Impairment of non-current assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Inventories
Stocks of goods are stated at the lower of cost or net realisable value.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.11 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies (Continued)
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.12 Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
1.13 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.14 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 248,707 10,982 Grants 12,000 - 260,707 10,982 Income from charitable activities Unrestricted Restricted funds funds 2024 2024 £ £ Church activities Event income 7,403 61 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 259,689 227,008 18,150 12,000 12,000 - 271,689 239,008 18,150 Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 7,464 4,767 456 |
Total 2023 £ 245,158 12,000 |
|---|---|---|
| 257,158 | ||
| Total 2023 £ 5,223 |
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4 Income from charitable activities
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5 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Interest receivable | 24,279 | 8,549 |
| Other income | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Other income | 703 | - |
-
6 Other income
-
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
7 Expenditure on charitable activities
| Church activities 2024 £ Direct costs Staff costs 130,572 Depreciation and impairment 41,401 Staff costs & expenses 3,939 Apostolic Church Levy 6,528 Church Activities 18,245 World Mission 4,710 Evangelism 7,723 Football 3,257 Premises Hire 30,963 Building Costs 18 Equipment & Software 12,095 Maintenance & Utilities 389 Cleaning 135 Summer Camp 13,378 273,353 Grant funding of activities (see note 8) 10,161 Share of support and governance costs (see note 9) Support 6,542 Governance 9,518 299,574 Analysis by fund Unrestricted funds 285,277 Restricted funds 14,297 299,574 |
Church activities 2023 £ 115,079 7,662 1,817 6,717 13,704 3,099 3,456 2,118 41,803 18 11,434 349 381 8,149 215,786 19,902 3,653 6,259 245,600 234,127 11,473 245,600 |
|---|---|
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
8 Grants payable
| 9 | Church activities Church activities 2024 2023 £ £ Grants to institutions: Grants Overseas - 650 Grants UK 690 1,040 690 1,690 Grants to individuals 9,471 18,212 10,161 19,902 Support costs allocated to activities 2024 2023 £ £ Advertising and communication 2,256 656 Administration and other costs 1,863 880 Insurance 2,423 2,117 Governance costs 9,518 6,259 16,060 9,912 Analysed between: Church activities 16,060 9,912 2024 2023 Governance costs comprise: £ £ Independent examination 3,236 3,100 Other governence costs 6,282 3,159 9,518 6,259 |
|---|---|
Independent Examination fees listed above includes payments to the Independent Examiner of £1,416 (2023: £1,300) for Independent Examination work and £1,820 (2023: £1,800) for other services.
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 10 | Net movement in funds | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Depreciation of owned property, plant and equipment | 10,711 | 7,662 | |
| Impairment of social investments | 30,690 | - |
11 Trustees
Donations made by the Trustees to the Charity during the year were £18,035 (2023: £25,501).
At the year end there was a loan to the subsidiary company outstanding. The amount receivable at the year end was £20,000 (2023: £50,690), following an impairment review.
12 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2024 Number 5 2024 £ 116,911 5,513 8,148 130,572 |
2023 Number 5 |
|---|---|---|
| 2023 £ 107,820 5,100 2,159 |
||
| 115,079 | ||
| The Church is indebted to the many volunteers who serve in various categories. | ||
| There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: Aggregate compensation |
2024 £ 99,776 |
2023 £ 79,497 |
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 14 | Property, plant and equipment | |||
|---|---|---|---|---|
| Fixtures, | ||||
| fittings and | ||||
| Equipment | ||||
| £ | ||||
| Cost | ||||
| At 1 April 2023 | 72,882 | |||
| Additions | 22,594 | |||
| Disposals | (3,640) | |||
| At 31 March 2024 | 91,836 | |||
| Depreciation and impairment | ||||
| At 1 April 2023 | 62,780 | |||
| Depreciation charged in the year | 10,711 | |||
| Eliminated in respect of disposals | (1,833) | |||
| At 31 March 2024 | 71,658 | |||
| Carrying amount | ||||
| At 31 March 2024 | 20,178 | |||
| At 31 March 2023 | 10,102 | |||
| 15 | Fixed asset investments | |||
| Other | ||||
| investments | ||||
| £ | ||||
| Cost or valuation | ||||
| At 1 April 2023 & 31 March 2024 | 50,690 | |||
| Impairment | ||||
| At 1 April 2023 | - | |||
| Impairment losses | 30,690 | |||
| At 31 March 2024 | 30,690 | |||
| Carrying amount | ||||
| At 31 March 2024 | 20,000 | |||
| At 31 March 2023 | 50,690 | |||
| 2024 | 2023 | |||
| Other investments comprise: | Notes | £ | £ | |
| Investments in subsidiaries | 25 | 20,000 | 50,690 |
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
15 Fixed asset investments (Continued)
Fixed asset investments comprise a concessionary loan made to the charity's subsidiary, Community Rhythms (a Community Interest Company). The loan was interest free and unsecured.
Due to the difficult circumstances that arose as a result of Covid-19, the trustees feel recovering any portion of the loan from, Community Rhythms CIC is unlikely. Likely courses of action are being considered and it is possible that the Church will agree to write the balance of the loan off; which would probably take place in the next financial period.
16 Inventories
| 16 Inventories |
||
|---|---|---|
| Stock 17 Trade and other receivables Amounts falling due within one year: Other receivables Prepayments and accrued income Amounts falling due after more than one year: Other receivables Total debtors 18 Current liabilities Notes Other taxation and social security Deferred income 19 Trade payables Accruals |
2024 £ 2,065 2024 £ 22,378 8,269 30,647 2024 £ 833 31,480 2024 £ 2,845 2,693 5,713 5,524 16,775 |
2023 £ 3,775 |
| 2023 £ 10,765 5,273 |
||
| 16,038 | ||
| 2023 £ 4,167 |
||
| 20,205 | ||
| 2023 £ 1,893 3,275 16,911 3,345 |
||
| 25,424 |
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 19 Deferred income Other deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 April 2023 Released from previous periods Resources deferred in the year Deferred income at 31 March 2024 20 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2024 £ 2,693 |
2023 £ 3,275 |
|---|---|---|
| 2024 £ 2,693 3,275 (3,350) 2,768 2,693 2024 £ 8,148 |
2023 £ 3,275 |
|
| - - 3,275 |
||
| 3,275 | ||
| 2023 £ 2,159 |
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.
21 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At Future Fund Evangelism Fund Miscellaneous Restricted Fund Research Trip Fund World Mission Fund |
1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 £ £ £ £ £ 72,579 - - - 72,579 3,895 - (2,357) - 1,538 1,940 1,100 (2,210) - 830 5,642 - - - 5,642 14,941 9,943 (9,730) - 15,154 98,997 11,043 (14,297) - 95,743 |
1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 £ £ £ £ £ 72,579 - - - 72,579 3,895 - (2,357) - 1,538 1,940 1,100 (2,210) - 830 5,642 - - - 5,642 14,941 9,943 (9,730) - 15,154 98,997 11,043 (14,297) - 95,743 |
|---|---|---|
| 95,743 |
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
21 Restricted funds (Continued)
| Previous year: Future Fund Evangelism Fund Miscellaneous Restricted Fund Research Trip Fund World Mission Fund |
At 1 April 2022 Incoming resources Resources expended £ £ £ 72,579 - - 3,895 - - 2,317 7,184 (5,712) 5,642 - - 8,991 11,422 (5,761) 93,424 18,606 11,473 |
Transfers At 31 March 2023 £ £ - 72,579 - 3,895 (1,849) 1,940 - 5,642 289 14,941 (1,560) 98,997 |
|---|---|---|
Future Fund: This fund is for future expenditure on the purchase of new premises for Sunnyhill Church meetings.
Evangelism Fund: This fund was created when we were part of the Apostolic Church by a restricted donation for Evangelism. When we became our own Charity, this fund was transferred over from the Apostolic Church.
Miscellaneous Restricted Funds: This fund handles transient restricted funds.
Research Trip Fund: The fund was created at the end of 2016/17 financial year with a restricted donation for a learning trip to investigate how American Churches (especially c3 San Diego) manage multi service, Church growth, intern program etc. Any funds remaining should be used for the football team ministry.
World Mission Fund: This holds some restricted donations given specially for World Mission (outside UK), we also use this fund for the processing of disaster appeals,
22 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| Building Fund Football Fund Contingency Fund General funds |
At 1 April 2023 Incoming resources Resources expended £ £ £ 887,980 - - 263 3,429 (3,369) 60,000 - - 78,516 289,663 (281,908) 1,026,759 293,092 (285,277) |
Transfers At 31 March 2024 £ £ - 887,980 - 323 - 60,000 - 86,271 - 1,034,574 |
|---|---|---|
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
22 Unrestricted funds (Continued)
| Previous year: Building Fund Evangelism Fund Football Fund Contingency Fund General funds |
At 1 April 2022 Incoming resources Resources expended £ £ £ 887,980 - - 965 - - 658 1,611 (2,153) 60,000 - - 57,399 250,713 (231,974) 1,007,002 252,324 234,127 |
Transfers At 31 March 2023 £ £ - 887,980 (965) - 147 263 - 60,000 2,378 78,516 1,560 1,026,759 |
Transfers At 31 March 2023 £ £ - 887,980 (965) - 147 263 - 60,000 2,378 78,516 1,560 1,026,759 |
|---|---|---|---|
| 1,026,759 |
Building Fund: The fund was created at the end of 2016/17 to kick start a capital project to acquire a permanent site for Sunnyhill. It includes the gain on the property sold in 2018/19 to generate funds for a future property purchase.
Evangelism Fund: Money set aside for future expenditure on evangelistic opportunities.
Football Fund: This is used for the day-to-day operations of the Church football ministry.
Contingency Fund: This is the amount set aside with respect to our current reserves policy, as outlined in the Trustees report.
23 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2024 2024 £ £ At 31 March 2024: Property, plant and equipment 20,178 - Investments 20,000 - Current assets/(liabilities) 994,396 95,743 1,034,574 95,743 |
Total 2024 £ 20,178 20,000 1,090,139 |
|---|---|
| 1,130,317 |
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SUNNYHILL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
23 Analysis of net assets between funds (Continued)
| Unrestricted Restricted funds funds 2023 2023 £ £ At 31 March 2023: Property, plant and equipment 10,102 - Investments 50,690 - Current assets/(liabilities) 965,967 98,997 1,026,759 98,997 |
Total 2023 £ 10,102 50,690 1,064,964 |
|---|---|
| 1,125,756 |
24 Related party transactions
The Trustees note contains details of disclosable related party transactions.
25 Subsidiaries
On the 1st April 2018 Sunnyhill Church acquired a trading subsidiary, being Community Rhythms, a community interest company (CIC), company number 08769741. Sunnyhill Church owns the two shares in the CIC, paying a £nil consideration for the acquisition. As outlined elsewhere in these accounts, the CIC is no longer carrying out its primary activities and will be wound up in due course. The results for the year ended 31 March 2024 are set out below:
| Name of undertaking | Registered | Nature of business | Class of | % Held |
|---|---|---|---|---|
| office | shares held | Direct Indirect | ||
| Community Rhythms CIC | England | Retail | Ordinary | 100.00 |
The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:
| Name of undertaking | Profit/(Loss) | Capital and |
|---|---|---|
| Reserves | ||
| £ | £ | |
| Community Rhythms CIC | 25,062 | (5,250) |
In accordance with FRS102 SORP Appendix 3 A.11 the subsidiary financial result has not been consolidated into Sunnyhill accounts as the combined income is below the consideration threshold of £1,000,000.
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